Singapore Property Rebound Just Starting as Prices Seen Jumping

singapore-must-accept-slower-rate-labour-growth-mas-menon
https://www.theedgesingapore.com/singapo...-mas-menon

With condominium prices averaging around the 1 million mark, will you be able to purchase a condominium by the age of 30?
Article by Fundsupermart.

https://secure.fundsupermart.com/fsm/ins...cale=en_us

A lot of people don't realise how much interest they have paid to service that home loan. They only see how "fat" the capital gain is without accounting for the various substantial expenses.

Homes are still "seriously" unaffordable in Singapore
http://sbr.com.sg/residential-property/i...-singapore

Singapore private home prices seen rising 5.5% this year

http://www.straitstimes.com/business/pro...erg-survey


Good news to those intending to sell their properties and bad for those who are still hunting for one..

On a sacarstic note, I also forsee my salary rising 5.5%. the st articles does not have much meat in why it thinks it will rise 5.5%

(25-01-2018, 06:33 PM)psslo Wrote: A lot of people don't realise how much interest they have paid to service that home loan. They only see how "fat" the capital gain is without accounting for the various substantial expenses.

CPF provide this "opportunity cost" reminder for free by requiring that we top back up what we would have earned if we kept the monies in CPF

I have an appointment with HDB in 2 weeks' time to pay the downpayment on my BTO HDB where I plan to pay the downpayment in cash. That will free up the CPF OA to continue accumulating minus the accrued interest.

Given that it will take 3.5 years (realistically I think it will take 3 years) before I can collect the keys, I plan to get the delta ready in cash by then. It is a huge challenge as concurrently I am paying for my parents' apartment's renovation, have a toddler and a stay-at-home wife to support. Very little of my cash flow is contributed to savings now. I have to eye the bonuses.

Anyone here who decided to pay up the HDB cost in full with cash?

(19-03-2018, 12:54 PM)Caelitus Wrote: I have an appointment with HDB in 2 weeks' time to pay the downpayment on my BTO HDB where I plan to pay the downpayment in cash. That will free up the CPF OA to continue accumulating minus the accrued interest.

Given that it will take 3.5 years (realistically I think it will take 3 years) before I can collect the keys, I plan to get the delta ready in cash by then. It is a huge challenge as concurrently I am paying for my parents' apartment's renovation, have a toddler and a stay-at-home wife to support. Very little of my cash flow is contributed to savings now. I have to eye the bonuses.

Anyone here who decided to pay up the HDB cost in full with cash?

Anyone who has enough $$ to pay for a HDB in cash that quickly would probably be able to afford an upgrade and would have use that cash as a deposit to upgrade ;D

(19-03-2018, 12:54 PM)Caelitus Wrote: I have an appointment with HDB in 2 weeks' time to pay the downpayment on my BTO HDB where I plan to pay the downpayment in cash. That will free up the CPF OA to continue accumulating minus the accrued interest.

Given that it will take 3.5 years (realistically I think it will take 3 years) before I can collect the keys, I plan to get the delta ready in cash by then. It is a huge challenge as concurrently I am paying for my parents' apartment's renovation, have a toddler and a stay-at-home wife to support. Very little of my cash flow is contributed to savings now. I have to eye the bonuses.

Anyone here who decided to pay up the HDB cost in full with cash?

funny to lock in flexible money (real cash) in house for >10 years, and use restricted/funny money (CPF) to invest.

should be the other way round.....u know how hard to compound CPF OA via individual stocks? Make profit , they lock in 50%(?). Lose money, you have lesser to invest.

Very rare for people to grow CPF OA via stocks. Unless heng heng, put in Blumont and get out before crash. like some VB here..

I like the term funny money(CPF).
The issue with funny money is that the goal post keeps shifting, I am completely pissed with that, irregardless of what the reason is.
it's like running a marathon halfway and suddenly the distance is increased to 50km, finish line is 8km further and on top of that , there are some hurdles you have to jump across as well. Since there is no way to alter your funny money, next best thing to do is to allocate your resources carefully.
The point is to use as much of your funny money as possible. Use it all up.
Always keep real money to take advantage of opportunities/special situations.

Right now things are starting to warm up for most parts of the property sector(except retail).
There is even signs of life in the industrial sector which was left to rot for years.
Seems the stars are aligned for the Industrial sector to rise from the dead. For one there is a ramp up demand for construction activities and they will translate primarily to demand for Industrial space. Storage for material, space for woodworking/metal working/Glass works/piping/equipment etc
But right at this very moment the construction related firms are still very hungry after a long winter. Will see how things develop.

If conditions are right, melt up coming up and may last a while. Expect it to be a big one if there are no nasty surprises.