alien Posted September 11, 2013 Report Share Posted September 11, 2013 (edited) No matter wht still better to own a hse, whether u r renting rm to stay or stay in ur own flat. Some pple buy hse but rent it out, n ownself rent a rm. But afterall i still think there are more advantages of owning a hse than renting. Edited September 11, 2013 by alien Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
lightZ Posted September 11, 2013 Report Share Posted September 11, 2013 He can bide for time and pray that prices will fall. He can meanwhile find the cheapest rent all ard singapore and rent that flat Quote Link to comment Share on other sites More sharing options...
HydroNaut Posted September 13, 2013 Report Share Posted September 13, 2013 U trying for the sep BTO in punggol? Yeah, but have to see the plan for the BTO like is it near the MRT and any further development plans for that area. Well, if nothing fanciful coming from the BTO projects then i might as well look into the higher resale market or just leave the $$$ to collect interest from CPF board. But i heard from my friend, there will be good news for singles next year. So might as well, just adopt a wait and see. Quote Link to comment Share on other sites More sharing options...
alien Posted September 13, 2013 Report Share Posted September 13, 2013 Yeah, but have to see the plan for the BTO like is it near the MRT and any further development plans for that area. Well, if nothing fanciful coming from the BTO projects then i might as well look into the higher resale market or just leave the $$$ to collect interest from CPF board. But i heard from my friend, there will be good news for singles next year. So might as well, just adopt a wait and see.I checked out the next BTO site at punggol, located next to the expressway, not say very near to LRT. But the rd outside the area quite near to sengkang compass pt. If there is a direct bus across the expressway. Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
Guest Posted September 23, 2013 Report Share Posted September 23, 2013 HDB to ramp up 2-room BTO flats supply SINGAPORE: National Development Minister Khaw Boon Wan said the authorities are working to address the huge demand of two-room Build-to-Order (BTO) flats. In a blog post on Monday, Mr Khaw said the Housing and Development Board (HDB) will put up for sale all its balance two-room flats in non-mature estates from previous BTO exercises later this month. The release will add 1,100 flats to the September BTO launch of about 190 units, more than doubling the number launched in July. Another 450 units will also be launched in November. In all, the authorities will launch some 2,500 two-room flats in non-mature estates this year. Mr Khaw also said the authorities are altering the design and layout of BTO flats for next year. That is to allow the ramp-up of two-room BTO supply in non-mature estates to 5,000 units next year -- about double the supply of 2-room flats this year. Mr Khaw said the measures will enable more singles to realise their dreams of owning their homes. In the July BTO balloting, singles were allowed for the first to time to apply for new HDB flats in the two-room category. There were 519 two-room HDB flats on offer in the exercise. Up to one third of the 519 flats on sale were set aside for singles. Some 8,800 singles applied for them.Source: Channel Newsasia Quote Link to comment Share on other sites More sharing options...
alien Posted September 23, 2013 Report Share Posted September 23, 2013 It says tht they will put up sales all its 2 rm flats from previous BTO later tis mth? How come there are still so many balance? Meaning balance from couples/families application? Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
Guest Guest Posted September 23, 2013 Report Share Posted September 23, 2013 With big supply coming on stream, prices will dip steadily in the resale market from now on. Do not rush in now. Quote Link to comment Share on other sites More sharing options...
LongCurious Posted September 23, 2013 Report Share Posted September 23, 2013 not advisable to buy for investment, depends on area But for own stay, there is no right timing, right now, COV are mostly 0, interest rates are still low, sellers upgrading thus need to sell. On the other hand.. interest rate may rise in the next few years, due to oversupply prices will drop 5-10% on some areas im a property agent! Quote Link to comment Share on other sites More sharing options...
keyboard Posted September 24, 2013 Report Share Posted September 24, 2013 It says tht they will put up sales all its 2 rm flats from previous BTO later tis mth? How come there are still so many balance? Meaning balance from couples/families application? There's an oversupply of 2 rm flats, most places don't have the people who wants to live in 2 rm flats to start with. Imagine those who cannot afford a 3 rm flat are people who need to work close to their homes. Not forgetting the income limit they place on 2 rm flats last time. Quote Link to comment Share on other sites More sharing options...
HydroNaut Posted September 24, 2013 Report Share Posted September 24, 2013 not advisable to buy for investment, depends on area But for own stay, there is no right timing, right now, COV are mostly 0, interest rates are still low, sellers upgrading thus need to sell. On the other hand.. interest rate may rise in the next few years, due to oversupply prices will drop 5-10% on some areas im a property agent! Hi Long Curious, really? COV is mostly O? That is reallt a good new. Quote Link to comment Share on other sites More sharing options...
alien Posted September 24, 2013 Report Share Posted September 24, 2013 There's an oversupply of 2 rm flats, most places don't have the people who wants to live in 2 rm flats to start with. Imagine those who cannot afford a 3 rm flat are people who need to work close to their homes. Not forgetting the income limit they place on 2 rm flats last time.Then they shld sell all the 2 rm flats to singles since there are over 8000 singles applied for the last BTO! But seems like the percentage of units allocate to singles quite low. Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
alien Posted September 24, 2013 Report Share Posted September 24, 2013 not advisable to buy for investment, depends on area But for own stay, there is no right timing, right now, COV are mostly 0, interest rates are still low, sellers upgrading thus need to sell. On the other hand.. interest rate may rise in the next few years, due to oversupply prices will drop 5-10% on some areas im a property agent!I looked thru some resale 3 rm flat, overall pricing still quite high le and many still ask cov ard 10k to 25k! Found one or two units 0 cov but dun know the unit has problem or not?! Most 3 rm resale flat avg price still starts from 330k and above. Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
Marineboy Posted September 25, 2013 Report Share Posted September 25, 2013 Hi Long Curious, really? COV is mostly O? That is reallt a good new. I feel COV should be zero...wtf valuation is already overdone in the first place... Don't you all ever forget...that HDBs n Cars are leased to us...99years countdown for HDBs and 10years countdown for cars...we need to extend its lease if they allow..its never yours. If you feel good thinking you own it....then the system succeeded in conning you to think so.Those who own 999years or freehold...don't be too happy...they can still screw you with some land acquiring act or create one should the need be. I feel so screwed... If chewing gum can be banned....COV should be banned also. Don't give me this willing buyer willing seller shit....its just only the willing seller and tulan buyers.I am saying this for public housing...k don't get too upset hor. Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted September 25, 2013 Report Share Posted September 25, 2013 COV where got 0!You dream on!Try going to the gay enclave of Tiong Bahru then you see COV 50-100K! WTF Quote Link to comment Share on other sites More sharing options...
keyboard Posted September 25, 2013 Report Share Posted September 25, 2013 Then they shld sell all the 2 rm flats to singles since there are over 8000 singles applied for the last BTO! Not likely to happen in the next few years unless policy shift, it's still very pro-family because the society is largely conservative (not i say one ah). COV = $0 haveBut it's not closing down sale type loh. Not all places in Singapore is favorable mah, or the place could be run down (you on tap will have disco music) kind. Quote Link to comment Share on other sites More sharing options...
HydroNaut Posted September 25, 2013 Report Share Posted September 25, 2013 Not likely to happen in the next few years unless policy shift, it's still very pro-family because the society is largely conservative (not i say one ah). COV = $0 haveBut it's not closing down sale type loh. Not all places in Singapore is favorable mah, or the place could be run down (you on tap will have disco music) kind. Wah...like that can save on buying a hi-fi set. Free music. Hehehe.... But from what i can see, for the new few years.....more and more new BTO projects coming up, and the measures are stepping in like not allowing PR to buy years for the first 3 years, and the debt to ratio financing policy and more people are stepping up to upgrade their flat due to the reduce prices....I guess a lot of resale flats might be left on the shelf so I guess many will tend to lower down or even dun ask for COV to sell of their resale flats. Well, I am adapting a wait and see attitude... Quote Link to comment Share on other sites More sharing options...
alien Posted September 25, 2013 Report Share Posted September 25, 2013 Not likely to happen in the next few years unless policy shift, it's still very pro-family because the society is largely conservative (not i say one ah). COV = $0 haveBut it's not closing down sale type loh. Not all places in Singapore is favorable mah, or the place could be run down (you on tap will have disco music) kind.Haha, if 0 cov but the flat run down still can save by renovation. But if the flat 0 cov but flat is haunted or loan shark then problem liao. Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
Guest guest Posted September 25, 2013 Report Share Posted September 25, 2013 Hydronaut u wait and see for so many donkeys years leow, by the time u come to a conclusion u already reach 50 .. Always act fast when u have reach the requirement age to buy a resale flat. Quote Link to comment Share on other sites More sharing options...
Marineboy Posted September 25, 2013 Report Share Posted September 25, 2013 COV where got 0!You dream on!Try going to the gay enclave of Tiong Bahru then you see COV 50-100K! WTF You obviously have not heard...I know people who actually bot the flat 50k below valuation...sellers can be desperate too whatever the reason....sometimes its must sell by date as they booked another one. Or inheritance to be shared etc. Quote Link to comment Share on other sites More sharing options...
HydroNaut Posted September 25, 2013 Report Share Posted September 25, 2013 You obviously have not heard...I know people who actually bot the flat 50k below valuation...sellers can be desperate too whatever the reason....sometimes its must sell by date as they booked another one. Or inheritance to be shared etc. That is also partly the reason I am waiting for....at the right time, it is like striking a lottery, you can own a flat at far lower than expected price and even a prime location. Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted September 25, 2013 Report Share Posted September 25, 2013 Will we be expecting prices to fall even further in 2014 and beyond? Quote Link to comment Share on other sites More sharing options...
yoyo74 Posted September 25, 2013 Report Share Posted September 25, 2013 COV where got 0!You dream on!Try going to the gay enclave of Tiong Bahru then you see COV 50-100K! WTFTiong Bahru got gay enclave? I always pass by Tiong Bahru mrt for work, nice to know if got gay friendly area nearby lol Quote Link to comment Share on other sites More sharing options...
bombermanner2 Posted September 25, 2013 Report Share Posted September 25, 2013 Time doesnt wait for anyone, neither opportunity. If u pass the criteria (age and financial), like the area or development (for condo), did ur calculation well, jump in!!Waiting for price to reach the bottom is like catching a falling knife.Too many real stories around, bought thinking it was expensive, bit the bullet nonetheless, now serving loan with a relieve coz the units are now considered cheap. Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted September 26, 2013 Report Share Posted September 26, 2013 Will we be expecting prices to fall even further in 2014 and beyond? property wont fall much one lah. it will only drop a bit or go up. u sld commit a property now. i regret not buying a condo before 2010....now i brought a 1 bedder at 700K+ freehold at geylang when this amt of money can buy me a 2 bedder or 3 before 2010. whatever u commit to buy now, the price is fixed at current price thus if u wait n wait, u will just pay more for same space. Quote Link to comment Share on other sites More sharing options...
Guest GUEST Posted September 26, 2013 Report Share Posted September 26, 2013 will HDB give me loan , i already in my 60., Regret never buy when i was 35.Was actually waiting for the cov to drop . waited 30 yrs still never drop. Quote Link to comment Share on other sites More sharing options...
HydroNaut Posted September 26, 2013 Report Share Posted September 26, 2013 will HDB give me loan , i already in my 60., Regret never buy when i was 35.Was actually waiting for the cov to drop . waited 30 yrs still never drop. You must be kidding.....I don't think 30years ago, there is COV in force. It was much much later that COV came in place to tackle the resale market. :yuk: Quote Link to comment Share on other sites More sharing options...
lonelyglobe Posted September 26, 2013 Report Share Posted September 26, 2013 the one thing everyone must do is to buy a flat when you hit 35. In fact when u r 34.75, u can start looking around...the only thing need to consider is if u buy resale flat now, u will not be able to buy new 2 room flat from hdb again, 2 room is strictly for 1st timer only...there won't be drastic price drop due to limitation of our land resources, even when price drop, owner may not sell as it would be better for them to rent out the unit to collect rent... Quote Link to comment Share on other sites More sharing options...
Guest Posted September 26, 2013 Report Share Posted September 26, 2013 application for hdb bto sales exercise opens today & closes on 2 oct 2013 Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted September 26, 2013 Report Share Posted September 26, 2013 the one thing everyone must do is to buy a flat when you hit 35. In fact when u r 34.75, u can start looking around...the only thing need to consider is if u buy resale flat now, u will not be able to buy new 2 room flat from hdb again, 2 room is strictly for 1st timer only...there won't be drastic price drop due to limitation of our land resources, even when price drop, owner may not sell as it would be better for them to rent out the unit to collect rent... If you don't take the govt grant when buying resale 3 Room, you still can buy BTO 2room in the future. Quote Link to comment Share on other sites More sharing options...
wind Posted September 26, 2013 Report Share Posted September 26, 2013 Can anyone offer advise?Should I sell my resale flat n take profit n re enter the market when the cov go down further. Currently own a flat in mature estate but place very old leow. Quote Link to comment Share on other sites More sharing options...
alien Posted September 26, 2013 Report Share Posted September 26, 2013 (edited) application for hdb bto sales exercise opens today & closes on 2 oct 2013Next round BTO comes again! But tis time more choice, there are additional 2 rm flats available from previous BTO. But when u apply for the flat, u can only opt for one choice. So if u choose the balance flat n didnt get, waste one chance liao since total no of units are lesser than the main BTO.But heard from the news, so far the response for the singles application very gd again! Edited September 26, 2013 by alien Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
Guest Posted September 26, 2013 Report Share Posted September 26, 2013 Can anyone offer advise?Should I sell my resale flat n take profit n re enter the market when the cov go down further. Currently own a flat in mature estate but place very old leow.no point unless you hope for hdb resale price to fall Quote Link to comment Share on other sites More sharing options...
Guest uncle Posted September 26, 2013 Report Share Posted September 26, 2013 if i am 60 will HDB allow me for a 25 yrs of loan? Quote Link to comment Share on other sites More sharing options...
Guest justaboy Posted September 26, 2013 Report Share Posted September 26, 2013 nope..The maximum loan repayment period is 65 years minus the buyer’s age or 25 years, whichever is shorter. Quote Link to comment Share on other sites More sharing options...
alien Posted September 26, 2013 Report Share Posted September 26, 2013 (edited) You obviously have not heard...I know people who actually bot the flat 50k below valuation...sellers can be desperate too whatever the reason....sometimes its must sell by date as they booked another one. Or inheritance to be shared etc.Maybe the hse got ghost?! Haha. Edited September 26, 2013 by alien Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
Marineboy Posted September 26, 2013 Report Share Posted September 26, 2013 Maybe the hse got ghost?! Haha. Got Aliens more believeable hahahaWell my kawan has lived there for many years now...ghosts or otherwise Quote Link to comment Share on other sites More sharing options...
Marineboy Posted September 26, 2013 Report Share Posted September 26, 2013 That is also partly the reason I am waiting for....at the right time, it is like striking a lottery, you can own a flat at far lower than expected price and even a prime location. Well if there comes a big disaster or another financial market crash....then the opening will be there...You have the dough...then its your chance...but it can be a loooooong wait though.No need for place and squatting free somewhere helps hahaha ;P Quote Link to comment Share on other sites More sharing options...
Guest guest Posted September 27, 2013 Report Share Posted September 27, 2013 if i am not wrong u cant use 100 thousand from yr cpf to pay yr new flat when u reach 55 yrs old, it will be locked.so those still wait and see buyer should plan early before reaching certain age. Quote Link to comment Share on other sites More sharing options...
alien Posted September 27, 2013 Report Share Posted September 27, 2013 if i am not wrong u cant use 100 thousand from yr cpf to pay yr new flat when u reach 55 yrs old, it will be locked.so those still wait and see buyer should plan early before reaching certain age.55 yr old still buy new flat? More likely at tht age buy studio flat lor. Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
alien Posted September 27, 2013 Report Share Posted September 27, 2013 Got Aliens more believeable hahahaWell my kawan has lived there for many years now...ghosts or otherwise Alien vs ghost, ghost shld be more scary! Haha. Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
alien Posted September 27, 2013 Report Share Posted September 27, 2013 Looking at the application received for tis sep BTO, almost all location the number already exceeded the number of units available for 2 rm flat. Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
Marineboy Posted September 27, 2013 Report Share Posted September 27, 2013 With 8000+ applications last month sure to exceed with a few hundred available only.Don't forget the fence sitters may come in and we have more people reaching 35 everytime.... Btw the alien ghost is most scary ..LOL Quote Link to comment Share on other sites More sharing options...
LongCurious Posted September 27, 2013 Report Share Posted September 27, 2013 There is a minimum sum CPF lock in when you reach 55 years old. Can check the HDB website, will tell you the exact figures it will lock in. the remaining can be used tho! Quote Link to comment Share on other sites More sharing options...
alien Posted September 27, 2013 Report Share Posted September 27, 2013 With 8000+ applications last month sure to exceed with a few hundred available only.Don't forget the fence sitters may come in and we have more people reaching 35 everytime.... Btw the alien ghost is most scary ..LOLWondering needs to go thru how many more BTO then the demand for 2 rm flat for singles will stablise? Looks like even now they allow singles to buy BTO, but seems like it is still a dream for a single to own a BTO flat. Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
azimuth Posted September 28, 2013 Report Share Posted September 28, 2013 Looks like the govt underestimated the demand for flats for singles. They open the gates and now it is flooded. Lol Quote Link to comment Share on other sites More sharing options...
abang Posted September 28, 2013 Report Share Posted September 28, 2013 Well the BTOs are really hot cakes..Seems like Hou gang is so popular with 60 fighting over 1 unit..( believe they will built more of these.. probably in "matured" estates... Quote Link to comment Share on other sites More sharing options...
alien Posted September 28, 2013 Report Share Posted September 28, 2013 Looks like the govt underestimated the demand for flats for singles. They open the gates and now it is flooded. LolThey tot no one wld be interested in a 2 rm flat due to the small size, but they dun know so many singles r "desperate" for a flat. Quote 对自己好是一种幸福， 对别人好是一种积福。 Spend time counting your blessings, not airing your complaints. Link to comment Share on other sites More sharing options...
azimuth Posted September 28, 2013 Report Share Posted September 28, 2013 They tot no one wld be interested in a 2 rm flat due to the small size, but they dun know so many singles r "desperate" for a flat. Well, it also shows the large amount of singles out there. Quote Link to comment Share on other sites More sharing options...
Marineboy Posted September 28, 2013 Report Share Posted September 28, 2013 Well the BTOs are really hot cakes..Seems like Hou gang is so popular with 60 fighting over 1 unit..( believe they will built more of these.. probably in "matured" estates... Where to get stats for the number of applications vs availability? cheers Quote Link to comment Share on other sites More sharing options...
Guest guest Posted September 28, 2013 Report Share Posted September 28, 2013 Omg straight singles verse gay singles . Both fighting for a 2 rm flats. Quote Link to comment Share on other sites More sharing options...
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