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More than $1M for a 527 sq ft one bedroom unit, 99 yrs leasehold.
Siao or not siao?
8
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I feel those buyers aka if they are buy to invest Surely have this concept
" Oh yes yes I know recession coming, War here and there, BUT surely all will end than later boomz , Property market spike up, than I will sell high profit a lot " I buying now to " park "
BUT Mind you the future is always will be " On roaster coaster ride "
First too many properties out there. The developers, construction also cannot " stop " too much if too many projects already done.
Orelse they will close shop, thus they will keep building , come out new condo etc
Some buy because they feel SG is SMALL , land is limited , SO in future Housing will be in Great demand.
This is party right BUT also hard to say . Summary Have to see how USA and China progress too.
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I got a feeling many are civil servants. If they are rich they'll buy more atas condos so if they choose this means they're not rich. At the same time they're also not poor because they don't mind the higher interest rates, and of cos their jobs are stable.
Only civil servants satisfy these critieria.
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(19-09-2022, 08:03 PM)Blasterlord2 Wrote: I got a feeling many are civil servants. If they are rich they'll buy more atas condos so if they choose this means they're not rich. At the same time they're also not poor because they don't mind the higher interest rates, and of cos their jobs are stable.
Only civil servants satisfy these critieria.
No lah. The rich buys these cheap leasehold kind of property for their mistresses lah.
Civil servants cannot afford lah and they usually buy BTOs lah
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(19-09-2022, 08:21 PM)Gstalk Wrote: No lah. The rich buys these cheap leasehold kind of property for their mistresses lah.
Civil servants cannot afford lah and they usually buy BTOs lah
Who said civil servants cannot afford. If both husband and wife are civil servants then it's definitely doable.
I just did a calculation. For a loan of 1mil repayable over 25 years, per month payment is 4k plus. This is much less than the combined salary of two civil servants.
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mostly are sponsored by cash/cpf rich parents lah. everyday can see so many old folks queuing in banks.
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(19-09-2022, 08:21 PM)Gstalk Wrote: No lah. The rich buys these cheap leasehold kind of property for their mistresses lah.
Civil servants cannot afford lah and they usually buy BTOs lah
Ha, you are wrong. Don't forget their yearly two bonus is CONFIRM can get even Economics is bad.
good an example look at the past two years , a lot private sector don't give bonus due to business is bad, some worst close down or do retrenchment for most industries
Of course some got give like Sheng song but depend which sector.
is about Stable job , wages, yearly confirm increment and July/ Year end bonus for civil servants.
Even come loans they surely can get due to their job as civil servant.
There are quite a lot own condo even rent out
Even teachers, I got one relative current a teacher used to own a condo while still single but he stay with his parents house. He rent out the condo.
Now married , he sold the condo and bought a BTO flat from the profits.
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Mia kia: More private properties are on the pipeline. More are coming
Quote: Yanlord: Award Of Tender For Residential Site At Lentor Central In Singapore.
Yanlord Land Group Limited and its subsidiary, United Engineers Limited are pleased to announce that the tender submitted by a wholly-owned subsidiary of UEL, UED Alpha Pte. Ltd., together with Forsea Residence Pte. Ltd., a wholly-owned subsidiary of Forsea Holdings Pte. Ltd., and Soilbuild Group Holdings Ltd. for a residential site at Lentor Central in Singapore, has been awarded by the Urban Redevelopment Authority at a bid price of $481,028,300
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the current round are mostly grabbed by rich hongkees
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Just listen to the YouTubers giving advice and you will know the buyers are mostly hoping to flip within 3 years after TOP. Not to live in. I hope they all lose their pants.
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(20-09-2022, 06:59 PM)starbugs Wrote: Just listen to the YouTubers giving advice and you will know the buyers are mostly hoping to flip within 3 years after TOP. Not to live in. I hope they all lose their pants.
Don't get shock next year a LOT Mad person on the street doing funny things , why ?? because cannot pay loans , and recession finally reach SG
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IN FACT is a " trick " the more FAKE Positive thing they talk , in return can lure Buyers
