how much do ppl need to earn to get a condo of 400-600k ?

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ksl
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Post by ksl » Thu, 31 Jul 2008 11:31 pm

Jens wrote:Maybe she was checking it out for real folks...if you read the post over and over...I guess sometimes it's better to NOT post at all, rather than what happened here.

Yeah sure, the english is Singlish used in Chatrooms..so what?

And another yeah...yes there are condos for about 500+k and they are in the heartlands, not CBD of course...

just my 2 cents...
No wasn't the Singlish at all. but the text appears to be written in a different format, then cut and pasted into this forum. Rather than written directly into the post. You can see this because the sentences are broken, rather than continuous like your own text, but maybe you didn't notice.

It can also happens if you type the message first in word, and cut and pasted into a forum or hotmail message, it's to do with the page settings and tabulator stops.

If i'm not wrong. Just to show you what i mean, I'll redo it, then read.
erms hello ppl. i am from singapore and i would like to find out
how much is needed for my parents to earn in a month in order to buy a condo worth about 400k - 600k , reply mi if you know. because i really wish to move to a condo, instead of tis boring 5 room hdb flat
thanks . xD
You see I cut and pasted it too, and still the first sentence is still broken and the rest is fine because. but not like the first posting because all the lines are broken. Although she has cut it out now, but you can still see it in my previous post.

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Petales Soufflez!
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Post by Petales Soufflez! » Fri, 01 Aug 2008 12:03 am

ksl wrote:The latest report coming out, is that condo price is not moving, but HDB resale flats are, they went up 4.7% last month.

I think it may be a wise long term investment if rented out, although i would hate to give up space for a condo myself. Loans for 500k maybe 3000 a month in repayment. Rental may bring in 2500 to 3000 depending on many factors. HDB rental appears to be moving upwards, the last i heard from an agent friend, is that a room is bring 750 in the heartlands today. and a 2 bedroom apartment 1800 plus.
Thanks, KSL, for the reply.

I certainly would have difficulty with the (lack of) space. Currently have about 400m2. But wouldn't be living in the condo all year round and upon retirement (probably long before even) all the kids would have flown out of the nest. My only interest in the condo is the pool that usually comes with it. Otherwise I definitely would prefer a HDB flat. Though from what I could see, they (the new ones) just keep getting smaller and smaller nowadays!

At 2500-3000 bucks for rental of a small condo, the tenant will have to be earning quite well, man. Goodness, are rentals so high in Singapore?

Meanwhile, being new to the forum, I was just wondering, why would people want to cut and paste etc posts? What interest or purpose does that serve? Nothing better to do...
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Post by x3 Candy » Fri, 01 Aug 2008 10:45 pm

Petales Soufflez! wrote:Truth be told I've been wondering about this myself i.e. how much one would need monthly in order to buy a condo in Singapore. I own a flat in Paris but I have never bought one in Singapore. Have peanuts in my CPF and my parents are using up all my POSB savings.

My brother who's a sensible 1st class honours grad was telling me a few weeks ago that one can still buy a condo e.g. in Sengkang for 500K. We haven't had the time to discuss this further and I never got round to finding out how much one would need monthly for that, but I understood that one normally only needs to pay 20% of the price as downpayment to start. Then if one manages to rent it out (how much would a say 3-room condo in the heartlands cost in monthly rental?), it should service part of the loan?

Like I've said, I would like to return to Singapore when I retire, thought I should start making preparations now. Another question I have is - would local banks lend money to buyers who live and work overseas?

Thanks.

hey i am wondering is there anything wrong with my thread.
why all of them keep scolding me and treating mi like some alien.
._."

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Post by x3 Candy » Fri, 01 Aug 2008 10:47 pm

ksl wrote:
Jens wrote:Maybe she was checking it out for real folks...if you read the post over and over...I guess sometimes it's better to NOT post at all, rather than what happened here.

Yeah sure, the english is Singlish used in Chatrooms..so what?

And another yeah...yes there are condos for about 500+k and they are in the heartlands, not CBD of course...

just my 2 cents...
No wasn't the Singlish at all. but the text appears to be written in a different format, then cut and pasted into this forum. Rather than written directly into the post. You can see this because the sentences are broken, rather than continuous like your own text, but maybe you didn't notice.

It can also happens if you type the message first in word, and cut and pasted into a forum or hotmail message, it's to do with the page settings and tabulator stops.

If i'm not wrong. Just to show you what i mean, I'll redo it, then read.
erms hello ppl. i am from singapore and i would like to find out
how much is needed for my parents to earn in a month in order to buy a condo worth about 400k - 600k , reply mi if you know. because i really wish to move to a condo, instead of tis boring 5 room hdb flat
thanks . xD
You see I cut and pasted it too, and still the first sentence is still broken and the rest is fine because. but not like the first posting because all the lines are broken. Although she has cut it out now, but you can still see it in my previous post.
erms?
but this is the way teenagers from singapore type.
you can see it everywhere on online games.
i am a teenger and i type tis way ..
maybe you all are adults and not used to it..
like i am not used to the adult 'full-english' typings too

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Post by ksl » Sat, 02 Aug 2008 1:28 am

x3 Candy wrote:
ksl wrote:
Jens wrote:Maybe she was checking it out for real folks...if you read the post over and over...I guess sometimes it's better to NOT post at all, rather than what happened here.

Yeah sure, the english is Singlish used in Chatrooms..so what?

And another yeah...yes there are condos for about 500+k and they are in the heartlands, not CBD of course...

just my 2 cents...
No wasn't the Singlish at all. but the text appears to be written in a different format, then cut and pasted into this forum. Rather than written directly into the post. You can see this because the sentences are broken, rather than continuous like your own text, but maybe you didn't notice.

It can also happens if you type the message first in word, and cut and pasted into a forum or hotmail message, it's to do with the page settings and tabulator stops.

If i'm not wrong. Just to show you what i mean, I'll redo it, then read.
erms hello ppl. i am from singapore and i would like to find out
how much is needed for my parents to earn in a month in order to buy a condo worth about 400k - 600k , reply mi if you know. because i really wish to move to a condo, instead of tis boring 5 room hdb flat
thanks . xD
You see I cut and pasted it too, and still the first sentence is still broken and the rest is fine because. but not like the first posting because all the lines are broken. Although she has cut it out now, but you can still see it in my previous post.
erms?
but this is the way teenagers from singapore type.
you can see it everywhere on online games.
i am a teenger and i type tis way ..
maybe you all are adults and not used to it..
like i am not used to the adult 'full-english' typings too
So why not ask your local realtor the questions?

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Post by Saint » Sat, 02 Aug 2008 4:26 am

Or ask your parents :?

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sundaymorningstaple
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Post by sundaymorningstaple » Sat, 02 Aug 2008 10:08 am

Or post on a teenagers forum where you will be understood. This is an expats forum and therefore we converse here in a language that is usually understood by all. It's called standard English. Not Singlish, not SMS'ese, not Martian. This is not a game site so therefore don't treat it like one.

Your keyboard has 101 characters, if you want to post here, use all of them. If you are 14, do you write your exam papers the same way? I thought not. Then use the same style you use in test papers on here. If we can do it, so can you. Otherwise, expect more of the same.......
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Post by x3 Candy » Sat, 02 Aug 2008 12:25 pm

ksl wrote:
x3 Candy wrote:
ksl wrote: No wasn't the Singlish at all. but the text appears to be written in a different format, then cut and pasted into this forum. Rather than written directly into the post. You can see this because the sentences are broken, rather than continuous like your own text, but maybe you didn't notice.

It can also happens if you type the message first in word, and cut and pasted into a forum or hotmail message, it's to do with the page settings and tabulator stops.

If i'm not wrong. Just to show you what i mean, I'll redo it, then read. You see I cut and pasted it too, and still the first sentence is still broken and the rest is fine because. but not like the first posting because all the lines are broken. Although she has cut it out now, but you can still see it in my previous post.
erms?
but this is the way teenagers from singapore type.
you can see it everywhere on online games.
i am a teenger and i type tis way ..
maybe you all are adults and not used to it..
like i am not used to the adult 'full-english' typings too
So why not ask your local realtor the questions?
a 14 yr old asking the local realtor ..
i tink he will say i crazy .. lol

x3 Candy
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Post by x3 Candy » Sat, 02 Aug 2008 12:26 pm

sundaymorningstaple wrote:Or post on a teenagers forum where you will be understood. This is an expats forum and therefore we converse here in a language that is usually understood by all. It's called standard English. Not Singlish, not SMS'ese, not Martian. This is not a game site so therefore don't treat it like one.

Your keyboard has 101 characters, if you want to post here, use all of them. If you are 14, do you write your exam papers the same way? I thought not. Then use the same style you use in test papers on here. If we can do it, so can you. Otherwise, expect more of the same.......
okay okay.
i thought all the forums people use singlish ..
i have been using singlish since primary 2..
maybe i neeed time to adapt here.

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Post by x3 Candy » Sat, 02 Aug 2008 12:28 pm

Saint wrote:Or ask your parents :?
i ask them they sure say " cannot afford cannot afford "
even those people who draws lower household income than us can afford.
my mum just don't want to buy. i am so desperate for it -_-

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Post by ksl » Sat, 02 Aug 2008 3:27 pm

x3 Candy wrote:
Saint wrote:Or ask your parents :?
i ask them they sure say " cannot afford cannot afford "
even those people who draws lower household income than us can afford.
my mum just don't want to buy. i am so desperate for it -_-
Then you better start saving :) 500k is alot of money, expect to pay 3000 to 3500$ a month on 500k loan. 20% is I think a normal deposit.

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Post by x3 Candy » Sat, 02 Aug 2008 4:18 pm

ksl wrote:
x3 Candy wrote:
Saint wrote:Or ask your parents :?
i ask them they sure say " cannot afford cannot afford "
even those people who draws lower household income than us can afford.
my mum just don't want to buy. i am so desperate for it -_-
Then you better start saving :) 500k is alot of money, expect to pay 3000 to 3500$ a month on 500k loan. 20% is I think a normal deposit.
my god.
okays.

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Post by bruinbear » Sat, 02 Aug 2008 7:58 pm

You definitely can get condos in the $500K to $600K range today. But of course these will tend to be smaller units.

The best place to check recent caveats lodged is the URA website at

http://www.ura.gov.sg/realEstateWeb/rea ... tSearch.do

Try to do a search for projects starting with Hillview. Some results from Hillview Regency:

HILLVIEW REGENCY BUKIT BATOK EAST AVENUE 2 condominium 590,000(price) 904 (unit size in sq feet) 653 (price per sq feet) Jul-08 (caveat lodged date)

HILLVIEW REGENCY BUKIT BATOK EAST AVENUE 2 condominium 575,000 904 636 Jun-08

HILLVIEW REGENCY BUKIT BATOK EAST AVENUE 2 Condominium 600,000 904 664 Jun-08

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Post by bruinbear » Sat, 02 Aug 2008 8:00 pm

x3Candy,

Don't look down on 5-room HDB flats. Some of them are selling at super high prices, due to the excellent location.

Do you have any idea how much 5-room HDB flats in say Ghim Moh/Queenstown/Strathmore Ave cost?

Let me show you some figures from the HDB website:

These are all 5 room flats:

Block Street Name Storey Approximate
Area (sqm) Lease
Commencement Resale Price Resale
Approval
Date
7 C'wealth Ave 16 to 20 136.00 1996 $728,000.00 Jun 2008
26 Dover Cres 21 to 25 123.00 1978 $650,000.00 May 2008
7 Ghim Moh Rd 01 to 05 117.00 1977 $590,000.00 Jul 2008
8 Ghim Moh Rd 21 to 25 119.00 1977 $650,000.00 Jul 2008
13 Ghim Moh Rd 16 to 20 120.00 1977 $600,000.00 Jul 2008
13 Ghim Moh Rd 11 to 15 123.00 1977 $620,000.00 May 2008
3 Holland Cl 16 to 20 124.00 1998 $750,000.00 Jun 2008
5 Holland Cl 21 to 25 124.00 1998 $695,000.00 Jul 2008
13 Holland Dr 01 to 05 147.00 1975 $625,000.00 Jun 2008
146 Mei Ling St 06 to 10 133.00 1995 $638,000.00 Jul 2008
183 Stirling Rd 06 to 10 115.00 2000 $650,000.00 Jun 2008
59 Strathmore Ave 26 to 30 110.00 2000 $635,000.00 Jul 2008
80 Strathmore Ave 01 to 05 134.00 1993 $700,000.00 May 2008

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Post by bruinbear » Sat, 02 Aug 2008 8:04 pm

x3candy,

How old are you again? I don't think it is fruitful for you to hope or dream that your parents will buy a condo.

Rather, work hard and do well and hopefully you can afford a condo yourself next time.

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