Are property prices real?

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: Are property prices real?

Post by sundaymorningstaple » Tue, 11 Sep 2012 3:07 pm

the lynx wrote:
lan_libra wrote:I believe you are not a local and pardon me.If you are,you would not have spoken the way it is.Your answer of lots of subsidies are flawed as what was given to the pple will or shall be taken back by the garmen in other forms of taxes and increase of Service & Conservancy charges for a HDB Flat.Yet some like you may say pple might still vote for the ruling party,but the percentage is less and the ruling party stayed in power because of the thousands of new voters/new citizens whom majority made up of PRCs,Pinoys or Indian nationals whom voted them into Parliment.It is not that easy to apply for a house here even for a singaporean.Ask around thos pple on the streets,locals for the answers.Since HDB revamped their rules twist and turn so many things around making it worst than an Indian Rojak.

Yes it is not easy to settle down here..my views are Singapore are run by Businessman and not Ministers.Whom cared only things that are benifical to them and their Pocket.We have the Highest Paid minister in the World to run this tiny Island n Highest Paid President for doing what?

The recent article of a HDB unit sold for 1M is absurd and really ridiculous am I right?It is totally different from the 80's n 90's.Some may get to buy a HDB flat but their CPF monies were wiped out to pay upfront for it.Myself was caught up with a loan till I am 55.I am moving out to JB to stay in a private property and renting my house here in SG.Its stuffy and stressful living in SG.like I have said,things are different from last time.With a population of 6Million and more to come,it will be worst.Most Sporeans have stayed accross the causeway.

I doubt there will be any changes for the better in SG since the Govt failed to listen and only interested to carry on with its failed policies.Probably if you have loads of money,to migrate and stay here is very easy.My views on those China PRCs whom are one of those pple paying higher COVs to buy a HDB flat making it cost million.Best is our minister defended with saying that an apartment is worth that much with a good view??What kind of wiew you get at Bishan HDB estate?Seaview?
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offshoreoildude
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Post by offshoreoildude » Tue, 11 Sep 2012 4:53 pm

Put in an offer or option to purchase - that's always a good way to test whether the market is 'real'.

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zzm9980
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Re: Are property prices real?

Post by zzm9980 » Tue, 11 Sep 2012 5:51 pm

lan_libra wrote:Best is our minister defended with saying that an apartment is worth that much with a good view??What kind of wiew you get at Bishan HDB estate?Seaview?
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I was wondering the same thing. Sure, the flat has a roof terrace, which sounds nice on paper. But who the hell wants to sit on a roof in Bishan? :???: Stare at the CTE, or those really ugly angled roof HDBs?

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Post by PrimroseHill » Thu, 09 Jan 2014 3:03 pm

Surely prices of properties - whether it is govt/HDB or private sector are dependent upon supply and demand.
Every major city suffers from the same issue, I believe. It isn't just a SG issue nor is it a SG govt fault.
London certainly has the same problem. The average age of first time buyer is something like 40years old. First time buyers are rather dependent on the banks of mom and dad.
Yet wages have not gone up with property prices. So, tell me, an average 20s/30s person earning GBP35-45k pa gross, how are they going to be able to afford to buy their own home, since deposit is 20% and they are only able to borrow 3times or 3.5times your wages based upon the affordability test.
In terms of buying a house in London (location wise, NW1/NW3/NW8/W1/W2/SW3), tell me where can you buy a HOUSE, with a 30foot garden for less than GBP2m, that is immaculate condition (as per the UK Misdescription Act) not the SG.
Take for example - a 2bed flat 800sq feet in need of some TLC in 1995, share of freehold cost GBP165k. In 2000, sold in immaculate condition for GBP375.
Same year, a ugly square box 1970s house in need of TLC was GBP452k. Sold 2012 for asking price; GBP1.25m. A 2 bed flat with 10foot patio/alcove, in 2012/2013, that was in need of a lot of TLC and only 600square was GBP652k. All NW3/NW1.
Just an example

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Max Headroom
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Post by Max Headroom » Thu, 09 Jan 2014 10:37 pm

It's broom cupboard homes all over again.

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Sergei82
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Post by Sergei82 » Fri, 10 Jan 2014 12:08 am

Max Headroom wrote:It's broom cupboard homes all over again.
I called them "closets". Yours is better. :)

Primrose Hill
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Post by Primrose Hill » Fri, 10 Jan 2014 7:11 pm

Even Sarah Jessica Parker's closet is nicer

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