HappyHouse88

70,000 or less.. with more be aquired for road building and condo development. it will get just lesser and lesser..

hmm.. i am not sure what are reason drives you to downgrade to 3rm hdb. However, it looks like an extreme bet that prices of pty will def go down and go down big time. why ? because you are lockout of the mkt for 5 yrs. If prices goes up, you may not be able to get a bigger space anymore. Assume, you make 200k from selling your house and downgrade. Even if prices goes down, you cannot buy.. and your hdb will go down too. To invest in pte , you can now only look for pte less than 1 million (20% dp)or 500k (40% dp) if you didnt pay in full for the hdb. Although i am optimistic abt the mkt, but i am not into extremes...Got myself a good size FH (similar to 5rm) at a prime location at 20% below bank valuation. CPF comfortably pays off the mthly instalment with 5yrs instl in FD/stock. If all things goes well, 4 yrs later, shld be able to sell for 30% profit. If things goes wrong, will just stay until the next cycle. anyway.. reasons to sell include pri 1 registeration.. So no choice, but to give up prime district HDB.

Its great that you come to a point that you go no other creditable rebuts except to say that cos' i have vested interest.

PPL talk abt singapore mkt. You talk abt US .QE3 is abt $$ flowing ard the world causing inflation in all assets..... btw, US housing prices is going up also.

Resale at these area, in 2006 is only 350k+ no need BTO to make $$.. http://business.asiaone.com/A1Business/General%2BNews/Story/A1Story20120914-371509.html Long-term unemployment remained unchanged over the year at 0.7 per cent. Can you see now ? What fall off the radar are you talking abt ? are you going to tell me most ppl are employed as taxi drivers.. How to create job, when there is no staff ? I was told a few restaurants are not doing promotion because no staff, not no opening. Need but most pte owner would have gotten this capital in the first place. Why not? dont you realised that there is alot activities this mth even though it's 7th mth.. next mth will be moving up again liao.. ** disclaimer- i am not a agent. just doing a more objective view of the current property mkt**

Why not? Prices was too low and was overdue for correction then. My 4rm went by 120% i.e.380k after 5 yrs (last yr)... Now valuation is almost 160% more than my buy price. It's all abt location, bro. If you chose your buy wisely, it will go up. So what it correct 30%, it's already higher than last yr price by 40% liao. Of course, but do you know that interest rate will not be going up anytime soon not in the next 3 yrs.. by then , dun know how much prices goes up liao... And economy downturn, watch the unemployment rate lah.. dun just hear say and think.. U think who confirm? When unemployment and interest rate rate remain low, i dun see a 30-40% correction in the next 5 yrs.. after 5 yrs.. dun know how much pty would have appreciated liao..another 50%? by then a 30% fall will be insignificance liao. I guess you are not aware that many singaporean has secondary income from stock / bond/ investment. And they make up a signification contribution to their income.

This will just make FH landed and larger apartments more and more attractive.

Year|Total Pop('000)| Resident('000) 2007|4,588.6 |3,583.1 2008|4,839.4 |3,642.7 2009|4,987.6 |3,733.9 2010|5,076.7 |3,771.7 2011|5,183.7 |3,789.3 It is silly to assume that the floodgate is closed. It's tighten and only "top" ppl are allow to enter. It does not mean that it's a smaller grp than before. Actually, singapore is becoming more and more attractive. As you see over the few years, the increase in pop ~ 20k yearly.. I think your 34k is easily absorb by 2014. Also given that majority of these 34k is smaller units, we may face a continue shortage of housing. HAving said that, not all house is equal. you will still have difficulty finding ppl/family who wants to stay in unpleasant location. Also it's silly to assume that pty is funded by salary alone. That's only true for HDB. Real estate is used to hedge over inflation. Cost of building is raising. If you chose your location wisely, it will not drop 20-30%.

I think you failed to recognize the impact of inflation.

Location for a property is prime. LH and FH depends on your investment type. Are you looking at rental return or capital appreciation. If you are looking at primarily rental return, then does not matter LH or FH. LH will let you get back your capital earlier since the prices is generally lower. To get FH at good location, you will be paying a premium. But you looking for capital appreciation,esp for own-stay, def FH will come right after location. Given there is no reducing lease. For FH , when you sell either through resale or enbloc, ur buyer does not need to "topup" or have bank restriction due to the shorter lease. Definitely, when you get a replacement unit, it will be abit the same as you have sold your unit. LH if you sell, you will be getting only a much smaller fraction of the $$ than the replacement unit in the same area / same size / same density. But like i say, location is always the first. But you also need to know who are the residents. HDB and pte dwellers are different.

Please pm for more details.

Don't think it's as simple as get the police and chase them out if they dun leave. First of all it will take time for police to take action. Time is $$. Then , if the seller does not have place to go, where you going to put the furnitures left behind ? that's another few hundred for you to dispose the items. If you actually get the police to "vacate" the humans and then , what if they "camp" outside your house ? or stay at the void deck? I think paying the seller 2-3k is a wiser step than getting the police involved if you even enter into such an agreement. I dont advise buyer / seller to ever go into such agreement because the law is not with you. Risk of buyer going into the agreement - Seller refuse to leave after completion. Risk of seller going into the agreement - Buyer refuse to let you stay even after verbal agreement after 1 appt. You ll have to get a place to move or you will not see the $$. Worse if you actually discounted the price when you sell..So you actually "lugi"

You shld be able to get better than counter/board rate if you go the "financial adviser" in the banks with 50k. You can try SC and HSBC. Just go to the bank and speak to those at the cubicles instead of the usual banking counters. As to whether it's a good time to buy, it's really up to you. But now AUD1 is SGD1.3+ , 2 months back it was AUD1 to SGD1.24, to me it's abit high. However, AUD has good fd rate. If these are your spare cash, then no harm put in AUD for the higher interest. Change back to SGD only if the rate goes higher.

joint-tenancy can be split with just a single party making the decision. Owners does not need to act as One. 1 of the owners can stop joint-tenancy and ask that the pty is split to 50/50%. Then he can sell it. i hope you see where your answer went wrong.

Did seller can issue otp after they send in Resale Checklist ? If no, then the otp is effective void. If you insert the date on the otp, then you may run into legal issue. That's why you need an agent, more to make sure that the paperwork is complete and legally binding.

Mark.. i think you need to re-do your CEA law liao.. http://www.sla.gov.sg/htm/new/new2001/new0261.htm Home > News/Publications > Press Releases > Archives > Amendments to Land Titles Act Look into the section :- Unilateral Serverance of Joint Tenants and Tenants in Common However, having said that... HDB is more complicated, if you want to transfer or sell the ownership to another family member. 1) hdb ownership cannot be "transfer" partially. You may need to sell the flat , in order to do that. 2) the family member needs to form a acceptable family nucleus with the existing tenant. I dun think joint-tenancy is stopping you from what what you intent to do. Its the hdb rules that is.

$$ in bonds (250k kind) with interest higher than inflation and maturing next yr. No point liquidate for this purpose now. In any case, yes, by law, seem like i can siam paying the agent. But then again, They are also trying to earn a living. It will be too mean if we are not paying them at all for the work done.. just because we find loopholes in the contracts.

The offer is 1.2mil. He's totally aware that agent is collecting from us instead.

yeah.. taht's why combo is good. take adv of both sor and sibor. the best thing is that it is 0.7 for the whole tenure.. most loan require you to change after 3-5 yrs.. else you will be on a high interest mortgage afterwards. changing will incurred cost.. and uncertainty also..

Actually , i was as careful as i could be with this deal already. We signed the otp in front of the seller and the seller is fully aware of the offer. yeah.. overdraft and credit line has very high interest..

Actually like everyone mentioned in this thread.. he is at my mercy. I just checked with CEA , regardless if he taking commission from both side, he is doing a dual representation. The seller and mine interest has been compromised because of this. then again, i am not trying to be a bad customer and avoid paying him. After this is his wage for the work he has done.

thanks all for your advise... For us, we will pay the agent lah.. We are not trying to find fault with the agent to "skip" his commission. But the issue is that it's a very hefty sum. I am not sure if the agent will be able to accept payment over 12 mths for the 25k i.e. 2k for 11 mth , 3k for the last mth. If he need the payment immediately or in a few mths time, then we may need to factor in the interest inccur if we take a loan for it.

no lah.. i still want him to get his $$... just that it's not possible for us to raise $23k w/o incurring interest/losses in investment in 2-3 mths time? seriously, it's not spare change leh.. it's could be the annual salary for some ppl.

Now i have another sticky situation. this is what happened. Last saturday, we went to see a place and like the place and offer 1.2mil. Agent say okay, so right away we go down to the seller house and to do the otp. Suddenly , agent say that instead of taking commission from the buyer, he wants to "offset" his commission from the buying price and we pay him instead. We ask him what is the implication to us. He kept saying , everything is the same, only that we will be paying him. At that point, we were too eager to close the due. So we didnt really think much , since it the same as he said. And we signed an agreement to pay him $25k after completion and otp for the house at 1.175 instead. After we close the deal, I was concern abt the stamp duty and 4% that we need pay for the unit. Only as i was doing my loan, that it occur to me that i will require 83k cash instead of 60k for the transaction, because we need to pay the agent 25k in cash , which cannot be part of the bank loan or cpf. *gosh* .. it's not 33/4k more .. it's 23k more cash! now i am stuck..i want to pay the agent but how to get 23k ?