tag:blogger.com,1999:blog-7944902213075756335.post4187569255600097007..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Selling a private property just got harder.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-7944902213075756335.post-13097639718585683202013-05-10T21:25:42.917+08:002013-05-10T21:25:42.917+08:00Prices of resale private homes declined marginally...<i>Prices of resale private homes declined marginally by 0.4 per cent in April compared to March.<br /><br />Resale volumes remained low, with 572 non-landed units transacted compared to 614 in the previous month. On a year-on-year basis, the resale volume recorded in April represented a more than 50 per cent drop from the same period last year.<br /><br />According to data from major property AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4052284767753113242011-12-09T11:49:07.606+08:002011-12-09T11:49:07.606+08:00Hi SnOOpy168,
Indeed, people in the know would te...Hi SnOOpy168,<br /><br />Indeed, people in the know would tell us that it is the buying and selling of properties that makes the most money, not buying and renting out. So, I am not surprised with the situation you have described in HK. This is a mad, mad world we live in. ;)<br /><br />Hope you enjoy the new blog post. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54893270365445278082011-12-09T11:24:44.118+08:002011-12-09T11:24:44.118+08:00Hi Jaime,
Thanks for inspiring a new blog post. :...Hi Jaime,<br /><br />Thanks for inspiring a new blog post. :)<br /><br />See:<br /><a href="http://singaporeanstocksinvestor.blogspot.com/2011/12/buying-private-property-as-owner.html" rel="nofollow">Buying a private property as an owner-occupier? Think like an investor.</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16941035426847945712011-12-09T10:59:57.662+08:002011-12-09T10:59:57.662+08:00Agrees with Jamie, if AK can spare the time for a ...Agrees with Jamie, if AK can spare the time for a sub-section on this topic.<br /><br />Holding power. Yeah. That is true. My observation in HK rental yield is often low or negative %. Most owners are aiming for capital gains. The rental is just a bonus source of income to help with the loan. Of course, if one had bought sometime ago, then today's rental yield will be positive as it rent SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58124880709147917192011-12-09T01:34:12.655+08:002011-12-09T01:34:12.655+08:00I'm very happy with the new cooling measures a...I'm very happy with the new cooling measures as I've been saving up to buy an apartment for own stay. However, i'm very new to this. Can you blog more on this? or a separate folder for buying private property for newbies? where to start? lol<br /><br />-JaimeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20177824170735984052011-12-08T21:45:41.716+08:002011-12-08T21:45:41.716+08:00Hi INVS 2.0,
I guess I will have to start combing...Hi INVS 2.0,<br /><br />I guess I will have to start combing the classifieds again in another few months, just to get a feel of things. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71398291480140454042011-12-08T19:04:37.453+08:002011-12-08T19:04:37.453+08:00Hi Ak71,
This kind of consequence is very much e...Hi Ak71, <br /><br />This kind of consequence is very much expected. Same as the stock market, we have wise ones and greedy ones. <br /><br />Just sit back and watch many fingers being burnt in the process. :)INVS 2.0noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39061946125113657762011-12-08T16:56:38.018+08:002011-12-08T16:56:38.018+08:00Hi Calvin,
Yes, we have the ingredients for a per...Hi Calvin,<br /><br />Yes, we have the ingredients for a perfect storm.<br /><br />Thanks for the links. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62388015628613791492011-12-08T16:38:57.511+08:002011-12-08T16:38:57.511+08:00AK,
Thanks for your comments on my post.
The o...AK, <br /><br />Thanks for your comments on my post. <br /><br />The oncoming supply is scary and the fact that most of these investors may not have the holding power is even more scary. <br /><br />I always advocate buying completed properties as you can look at the history of rental rates before buying a property.<br /><br />http://www.investinpassiveincome.com/Calvinhttp://www.investinpassiveincome.comnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69391505595433492592011-12-08T15:44:43.987+08:002011-12-08T15:44:43.987+08:00Hi financialray,
I am a conservative kind of guy....Hi financialray,<br /><br />I am a conservative kind of guy. Swimming naked is not for me. ;p<br /><br />Sufficient holding power? Someone who is unemployed but cash rich would easily qualify. Again, a minority. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71635374880105708122011-12-08T15:36:27.155+08:002011-12-08T15:36:27.155+08:00Yes, before anyone commits to a property ,must alw...Yes, before anyone commits to a property ,must always ensure one has holding power.<br /><br />Hey but the world is only exciting when there are people who like to swim naked. Isn't it? <br /><br />Then again, what is sufficient holding power? Can anyone guarantee his job nowadays? A minority perhaps still can.financialraynoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31102706624773799502011-12-08T15:19:02.468+08:002011-12-08T15:19:02.468+08:00Hi Ray,
Mah Bow Tan said there was no bubble too....Hi Ray,<br /><br />Mah Bow Tan said there was no bubble too. :)<br /><br />For me, when I saw HDB flats priced beyond the reach of common citizens, it looked a bit frothy. When flats with 60+ odd years left to their leases were changing hands at $960k a unit, alarm bells went off in my head.<br /><br />I saw how condominium prices rocketed up to 50% in some cases in just two years, that told me AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66950239399422825512011-12-08T15:06:04.659+08:002011-12-08T15:06:04.659+08:00IMHO, I don't think Singapore's property m...IMHO, I don't think Singapore's property market was forming a bubble. There were legitimate good growth for the lasty few years and strong demands (by foreign investors as well as influx of FTs) to back the increase in property prices. What the govt is doing is probably to prevent a bubble from happening because if it continues to increase, speculation will be lucrative and bubbles may Raynoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78996764488949429612011-12-08T11:12:52.735+08:002011-12-08T11:12:52.735+08:00Hi INVS 2.0,
I believe you are looking at the typ...Hi INVS 2.0,<br /><br />I believe you are looking at the type of condominium units that will be hit the most badly come 2014/2015. <br /><br />Small units of 500 sq ft or lesser have been and are still being proliferated. Their pricetags are attractive to smaller investors.<br /><br />I have shared with anyone who is interested in buying such condominiums for self stay that they should wait as AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33036931043084075622011-12-08T10:55:30.581+08:002011-12-08T10:55:30.581+08:00Hi Ak71,
At my age now, I am not worried about p...Hi Ak71, <br /><br />At my age now, I am not worried about property prices since my pocket does not allow me to buy a house. :) <br /><br />Anyway, for a single like me, I am going for a 1-bedroom full condo (heard that ECs are still governed by HDB rules - can't apply for a unit under a single name) that can cost more than $600k as of now (eg. Mitonia @ Yishun). :/<br /><br />Well, the INVS 2.0noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73321667234717542332011-12-08T10:04:03.691+08:002011-12-08T10:04:03.691+08:00Hi SnOOpy168,
After the last General Elections, t...Hi SnOOpy168,<br /><br />After the last General Elections, the PAP has been tightening on immigration and imported labour. It is getting harder for foreigners to come here to work now.<br /><br />Yesterday, I heard foreigners who graduate from the universities in Singapore will no longer be allowed to work 1 year after graduation, removing competition for Singaporean graduates.<br /><br />The PAPAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30012671865474450002011-12-08T09:45:38.100+08:002011-12-08T09:45:38.100+08:00Hi Marti,
It is indeed a problem. As the bubble g...Hi Marti,<br /><br />It is indeed a problem. As the bubble grows bigger the impact will be greater when it finally bursts. Bubbles will burst. It is a matter of time.<br /><br />People who are still optimistic about the real estate market in Singapore must also deal with the possibility of a hard landing in Europe. This will affect economies here in Asia even more and it might be harder to find AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90542880654564780782011-12-08T08:47:35.585+08:002011-12-08T08:47:35.585+08:00Lower prices = good news for me as I am saving up ...Lower prices = good news for me as I am saving up for that 20% DP. Waiting for the right prices at a good location, for rental yield.<br /><br />High rental income needed ? Then garment must keep those FT happy in Singapore and continue to rent.SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16676411466650803992011-12-08T00:33:21.488+08:002011-12-08T00:33:21.488+08:00Problem is, with mortgages at 1% and likely to sta...Problem is, with mortgages at 1% and likely to stay at this level for a while, holding power is likely to remain pretty good, even with the low rental yield of residential properties.<br /><br />That you can borrow for so much less than inflation is a complete economic anomaly that is bound to create huge real-estate bubbles.Martihttp://www.randominvestor.comnoreply@blogger.com