icer

Yes I think so too. If everyone starts to wait and stop buying, the prices will drop!

Anyone know those landed properties at Telok Kurau? How much do they costs roughly? How come seldom see any ads selling these properties?

But a lot of people are rich enough to apply for it.

Now everything is so expensive!

Gosh. Which means if I am a single and my income is above $3k, I cannot get the HDB loan so I have to get bank loan? Then it will be 5% cash + any amount above valuation? Wow, where got so much money?

So you can go back to your friend now?

Why do you need 5% cash downpayment for resale flats? 5% cash is only for private properties right? The cash u need will be the amount above valuation.

Good. I was waiting for this.

Yes, I am saving now and waiting for the prices to go down lor. At the same time, have to wait for 2 years to buy HDB. But if prices drop now, I will buy pte lor. No time to lose. New HDB flats I can afford lah, but resale flats might not be if COV is more than $30,000 kind lor.

Seems like Centris and the new Jurong Point is going to be very happening even though I dunno where they get the space from. Also, there are plans by govt to make Jurong into a Business Hub. So, I am asking my parents not to sell our flat which is within walking distance to Jurong Point. The prices will sure go up. Got new SAFRA Club just besides my flat somemore.

I am waiting lor.

Wow. So rich! And the location is very good lor. Near Orchard yet dun have traffic jams.

Hi all, I am single and not yet 35, coming soon. At the rate the property prices are going, how can an average earning single afford a flat. Nowadays even 3 room flats are asking for at least $30K above valuation? And of course private properties are really expensive and not worth it. Unless u go for those really outskirts areas, if not it's really hard to afford housing.

Congrats! $390K is quite cheap liao. Which floor is it?

Hello, I think I mentioned I stayed in Bukit Merah and Queenstown if you can read properly. And I dun think that is very far off from central. Anyway, I still can't imagine anyone can say Clementi is ulu.

I stay in Jurong West now. I used to stay in Queenstown and Bukit Merah area. Knows Clementi well cos I studied in NUS before. To me Clementi is convenient enough though its still in the west. My reasons are; 1) Near to NUS, NTU, NP and SP if u have kids going uni or poly. 2) 12 mins drive to City hall area and 10 mins to Orchard. 3) Near to Holland Village. 4) Near to IMM. 5) Easy access to PIE and AYE. 6) Convenient location with lots of shops and food. Those people who said Clementi is ulu probably stayed in the East or North their whole life. To me, Bedok, Tampines, Yishun, Seng Kang, Punggol, Sembawang and Marsiling are super far off and ulu. So different people different lor.

Ok, sorry never see properly. Then the price should be reasonable lor. So if you like it then can buy lah. All depends on your preference. Demand for that area is quite high so resale shouldn't be a problem too since it's one of the newer flats there also.

I happened to drive past the other day and I saw the full length windows which is what I like. I also like the unblock view which should be very nice. Last sat there's an article on the average prices for the different types of flats in different areas. Check it out and see. Since it's 2nd floor, u should use that to negotiate for a better price. It should be lower than the price indicated in the newspaper. The area is very convenient. Quite near to MRT. Across the road is supermarket and central. Downstairs got pool and sports hall / gym etc. Easy access to PIE / AYE. Probably about 12 mins drive to City Hall / Suntec and about 10 mins drive to Orchard (going by Holland V, Farrer Road?

OK, I finally went down to see the place. Now they are selling at over $500K and they claimed that an enbloc is being negotiated. I should have bought it when I asked you guys last year. Now I missed it and it's not worth the price now.

I think it also depends on the interest of your friend. Is he into properties or has he just bought a property? All those property agents will tell u to buy now cos the prices are going to be higher and higher. Will they tell u to wait and see? No. There is this psychology term used to describe how someone convince himself that he has made the right decision which is called "self-fulfilling prophecy. And for those who just bought an expensive property will also convince themself that their decision is right as the prices are going to go higher and the same property will never be sold at a lower price than what he got. Thus, it's up to you to think for yourself which is more accurate. If you think cos of the IR and all the developments in SG will cause the prices to go higher and higher and that it will never be cheaper than what it is today, then by all means you should buy now. If you think that it's just a bubble and once everything cools down or when the 40,000 properties are ready, more new flats are available, en bloc fever is down, the prices will fall back to what it was a few years ago, then you should wait and see. Another factor is whether you are cash rich or not. If yes, then not a problem. If no, then you should choose something within your means now and it's not too expensive as yet (the not so central areas). I believe more than the latter will happen so I have to wait and see. Yes of course. TPY is ok for me. When I said Bishan is the limit that means I will not choose a place further than Bishan from the central. And TPY is nearer so of course it's part of my choice.

I know which block liao. It's unblocked cos you are facing the multi purpose hall and should have a bit of pool view? This is probably the best of all the 2nd floors. It's like the pool is just besides your place, like a condo, just that u have to pay lor.

To me, it's just too expensive now to buy and if the bubble burst, your friend will be in trouble if his financial is tight. Of course some people believe that the prices will continue to go up so it's still good to buy now and sell in 2-3 years time. But, I prefer to wait for the next down cycle. Thanks bro, But Yishun is too far for me. My limit is Bishan. And if the prices doesn't goes up in this boom, it's hard to imagine that it will in future unless got major development changes. However, I must admit it's a cheap and nice place to stay in if not for the distance.

Thanks all. I am already staying in Jurong West now and the good thing is I drive. For my future place, I would prefer somewhere nearer to town. Besides the very central area, I am willing to look at these areas; North (Toa Payoh or Bishan) East ( Paya Lebar or kembangan) West (Buona Vista or Clementi) South (Anywhere south is quite central) The fastest I could get a place depends on the prices now. Haha

In my opinion, Clementi is way better than Seng Kang. It's really nearer to go to CBD area or Orchard area from Clementi than from Seng Kang. Recently, Clementi properties' prices have been rising also so there must be good reasons why. I think the price is quite reasonable considering the recent boom. Prices for Seng Kang's properties haven't changed much right?

No lah, not scolding u. I am a single but not 35 years old yet so cannot buy HDB. I was thinking of buying a place of my own last year but can only buy pte. Was thinking of my budget and what I can afford but was swarmed suddenly by the boom and caught by surprise. Now I cannot buy anything cos it's super ex and probably have to wait till the prices fall or when I am 35 years old then I buy a flat. But then, now resale flats also need a lot of cash which is not very worth it in my opinion. So I am caught neither here nor there.