China gen z used grand parents and parents saving to buy property but property price has dropped by 50% after their purchase

[JurongEast]

 

[Bad New Brown]

In this forum also had one silly old lady that bought private property that ended up living a miserable life

 

[JurongEast]

In this forum also had one silly old lady that bought private property that ended up living a miserable life

Property is the biggest scam in the economy. U don’t need more than one property

 

[Bad New Brown]

Property is the biggest scam in the economy. U don’t need more than one property

Yes bro, it's true. More properties become more liabilities

 

[k1976]

In this forum also had one silly old lady that bought private property that ended up living a miserable life

The old lady believe she is a forever veerjin?

 

[k1976]

Yes bro, it's true. More properties become more liabilities

U watch korea drama, u know why loh

Alot 油水to suck la suck la ...almost free flow

 

[laksaboy]

And those shitty properties are more likely to be tofu dreg crap construction, good luck to you if you live in them, and good luck to you if you want to find people to rent the place.

 

[Bad New Brown]

The old lady believe she is a forever veerjin?

I think she had two properties - 1 in Jurong and 1 in Johor that why she got very little handouts

 

[JurongEast]

Pap also using the same tactic to increase hdb price

 

[Bad New Brown]

Pap also using the same tactic to increase hdb price

It is good to apply bto at non-mature estate than in prime location.

In future not many locals can afford to buy resales flats

 

[Balls2U]

In this forum also had one silly old lady that bought private property that ended up living a miserable life

At least she's smart enough to use the apartment as a tool of her trade to service her customers.

 

[congo9]

I

I think it's more of the property bubble that cause the price to drop in price. There is a combination of forces behind it. Like high unemployment lead by the foreign investment withdrawal in Tier 1 city. Over building is also one thing. High geared infrastructure for local or provincial government.

It's a perfect storm. Xi Jin ping draw 3 red lines thinking he can control the bad loans and also wipe out all his enemy from Jiang faction. But he didn't have a perfect solution to execute if this go awry. That's what happening and unwinding our generation. You weakness the China's dramatic rise from third World to first World. And probably from first World back to economic misery.

 

[sbfuncle]

I think she had two properties - 1 in Jurong and 1 in Johor that why she got very little handouts

She couldn't even get cdc voucher when all the sinkies household can get. Pap gave her reason becos invalid address

 

[JurongEast]

Women who are virgins and never been fucked are either nuns who 出家 or evil crazy nuts

 

[Bad New Brown]

She couldn't even get cdc voucher when all the sinkies household can get. Pap gave her reason becos invalid address

Aiyoh that tell why she behaved like a siao ding dong here and scolding everyone who received handouts.

She must also understand that we also pay income tax, GST and property tax

 

[congo9]

Actually there's no reasonable price for a property. When a developer sell their property,they are pricing cost+ mark up = profit. That's probably some real profit.

After that it's the market condition in sub sale market that will actually decide the value of your investment.
It may spike to a unreasonable level but it will also drop like flies.

Good example is HDB. Build in 1980s,price at 40k or 110k . But fast forward 2024, even with lesser lease the price spike to 1million sgd.

Good example is china,bought at 3 million RMB but can only sell at 1.2 million rmb in 2024 via forced auction.

So in actual fact, it's the market condition that dictates the market value of the asset.

 

[NanoSpeed]

Women who are virgins and never been fucked are either nuns who 出家 or evil crazy nuts

That is not true. I live among virgins and they lead a chaste life. They paktor only when the man is interested in marriage, not pakpao only. And eventually when the marry, they do it out of love, not for angpao. They don't have to claim they are virgins, people look at the way they behave and speak, they believe immediately.

 

[k1976]

If loong term trend ish WFH...of course , buy house is good investment de

 

[k1976]

But we have loong term population decline in China and SE Asia...and Rise of AI....human related investment seem ...

 

[k1976]

Rich Hong Kong Families Sell Mansions at Discounts to Repay Debt​

• Ho Shung Pun’s family sold homes for $250 million in a month
• Owners hammered by slumping property valuations, high rat

WATCH: Krystal Chia reports on the stresses on Hong Kong’s high-end property market.Bloomberg

By Krystal Chia, Venus Feng, and Lorretta Chen
July 30, 2024 at 7:00 AM GMT+8
Save

Some of Hong Kong’s wealthy families have been caught up in the city’s real estate slump after selling luxury homes and other properties at a loss to pay back loans.

Just in the past month, one debt-laden family disposed of seven properties for $250 million in the prestigious Peak district, with some going for hefty discounts.

In April, a family-run company sold its stake in the AIA Central building at a $20 million loss. Another clan that built its fortune in retail sold a shopfront at a 60% loss and had other properties seized by receivers.