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To RENT or BUY?? (Condo)

Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
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sundaymorningstaple
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Re: To RENT or BUY?? (Condo)

Postby sundaymorningstaple » Thu, 05 Jan 2017 11:36 pm

It might, unless it area is taken over by an opposition political party, then you value will decrease by approximately the same amount. I know first hand.

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Re: To RENT or BUY?? (Condo)

Postby PNGMK » Fri, 06 Jan 2017 5:52 am

RoxyRider wrote:Thats fine, but just wondering does the value of the property in general go up near a train station? The one right above Jurong Point far out in Boon Lay - I'm surprised per sq feet its more expensive than some other popular districts!
probably due to a general shortage of decent condos in that industrial shit hole.
I have gay, black, Asian friends and then JR8.

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Re: To RENT or BUY?? (Condo)

Postby CharlesSpann » Fri, 05 May 2017 9:42 pm

yeah!

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Re: To RENT or BUY?? (Condo)

Postby Agent008 » Thu, 12 Oct 2017 11:02 pm

In Singapore, it's always recommended that you buy property.

The stamp duty in Singapore is cheaper than in other cities such as Manhatten and Hong Kong. The price of property of Singapore is also still relatively attractive at the moment.

With decreasing no of new units in the coming years (2018-2020), property price may rise up 20% or more easily. Best is to secure a unit now.

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Max Headroom
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Re: To RENT or BUY?? (Condo)

Postby Max Headroom » Fri, 13 Oct 2017 7:58 am

Agent008 wrote:In Singapore, it's always recommended that you buy property.

The stamp duty in Singapore is cheaper than in other cities such as Manhatten and Hong Kong. The price of property of Singapore is also still relatively attractive at the moment.

With decreasing no of new units in the coming years (2018-2020), property price may rise up 20% or more easily. Best is to secure a unit now.


There's still considerable overhang of unsold properties in Singapore that's going to be clogging up the market for some time to come.

In addition, interest rates have been inching up and this will likely accelerate in the coming 6-24 months, which, apart from increasing new mortgages, may result in peak-purchase water-treaders losing their property to foreclosure yet. Of course the smarter ones will be cutting their losses by off-loading their properties a-sap.

Big Picture: Singapore has essentially seen a tripling of its population since the early 80s, with property availability behind the curve for most of that time. This resulted in property values ballooning in the past decades. However, population growth is now effectively zero (0). Consequently, a repeat of that skewed demand/supply scenario is also zero (0).

Bottom line, property here has had its day in the sun. Well done to all those who did well. But, clearly, the get-rich days of flipping property are over. A home is back where it should be: a place to live first and foremost, with fair appreciation down the road.


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