Property agents feeling the pinch as market cools

[Runifyouhaveto]

This morning HDB and URA released price trends for public and private properties
http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/286EAC120CA88AD948257D2000005301
http://www.ura.gov.sg/uol/media-room/news/2014/jul/pr14-44.aspx

HDB down 1.4%
Private down 1%

HDB's transactions volume surged 16% and registered a greater fall than private properties. This reflects the massive private condo TOPs and EC completion in 2014-2016. By regulation, HDB upgraders will be forced to offload their units in the process and delaying this decision will also likely to further erode their selling prices. On the other hand, private property prices appear to be supported by Seller-Stamp Duties which will force weaker investors to reconsider any decisions to cut-loss.



PS: It might be worthwhile to consider resale HDB instead of BTO in the near future.

 

[SNTCK]

yesterday i watched channel 8 830pm show, discuss about property thing.
well, in the show, saying any bishan private condo, 1100-1300 psf is a good grab.

agree?

 

[krafty]

i dun agree...prices are falling unless you want to grab a falling knife.

yesterday i watched channel 8 830pm show, discuss about property thing.
well, in the show, saying any bishan private condo, 1100-1300 psf is a good grab.

agree?

 

[SNTCK]

i dun agree...prices are falling unless you want to grab a falling knife.

well, i am waiting for so long liao.
hope you are right

 

[Seee3]

Property market here is unique where boom is initiated by HDB and crash will be started by private. As long as employment is ok and no huge increase in interest rate, nothing big will happen.

 

[sense]

2014 2nd Quarter:

 

[sense]

 

[Runifyouhaveto]

Colliers International: Strata-titled retail unit transactions dramatically dropped 70.4%
http://sbr.com.sg/commercial-proper...il-unit-transactions-dramatically-dropped-704

 

[kingrant]

No wonder our leaders will never be poor.

In Singapore, for Sinkies, it is better to be a prostitute than to be poor.

笑穷不笑娼

 

[SgGoneWrong]

Does anyone know if sinkies working overseas can take bank loan to buy sinkie property?

 

[SgGoneWrong]

Why would sinkie property market collapse when so much dirty money flows here to hide?
These money can't flow back to their countries for fear of taxes or confiscation. At the same time, not many countries safe with low taxes and no estate tax like sinkiepore to hide money and relatively provides a comfortable lifestyle for those with money.

 

[Runifyouhaveto]

Does anyone know if sinkies working overseas can take bank loan to buy sinkie property?

of course u can bro

 

[SgGoneWrong]

of course u can bro

Run, sg local bank? Sorry I havent checked the last time I went back. Do u happen to know what documents to show? My income tax here? Payslips?

 

[Runifyouhaveto]

Run, sg local bank? Sorry I havent checked the last time I went back. Do u happen to know what documents to show? My income tax here? Payslips?

paiseh bro, certainly u need to prove income, please drop the banks a brief email to plan what documents u need to standby.

 

[SgGoneWrong]

paiseh bro, certainly u need to prove income, please drop the banks a brief email to plan what documents u need to standby.

Thanks Run, paiseh to ask you such qns too, will email the bank before I go back this yr end

 

[Runifyouhaveto]

no lah brother, i don't want to anyhow guess the documents required because your income is not sg-based. but certainly no issue to get loan approval.

please note that if you are buying HDB, you might want to get a pre-approved loan quantum (amount) from bank before beginning your hunt.

 

[Runifyouhaveto]

this thread gonna hit 300 posts soon.......:p

 

[SgGoneWrong]

Lol, u get an award from Samleong when it does?

 

[Runifyouhaveto]

Lol, u get an award from Samleong when it does?

let me guess?
1. InfP Status
2. SBF Certificate of Participation
3. Geylang Vouchers?
4. None of the Above

 

[Runifyouhaveto]

Private home supply glut hits 14-year high in Q2
7 out of 10 new units remain unoccupied.
http://sbr.com.sg/residential-property/in-focus/private-home-supply-glut-hits-14-year-high-in-q2