$880,000: Priciest HDB flats launched in Tampines

[kichialo]

Even at $778,000 it is insane!

[koh_52]

$880,000: Priciest HDB flats launched in Tampines

Wow, so those lucky owners stay near Tampines, Huat Liao, their ppty prices will lift up proportionally.

The beauty of property bullish market sentiment....once you sold at a peak price, you are helping your neighbour to sell at the next peak peak price....its go on & on until the bubble burst.

But, dear folks SG property still got room to move up...after correction it will move to the next higher then previous peak...after all we are land scarce and populous city.

This hard asset is a good long term investment, especially nowadays paper money is as good as useless...Among the hard asset classes ppty is 1 of the best investment to hedge inflation.
Watch out for the next wave of inflation that will eaten up of your hard earn savings...

Btw, now not a good times to dip into HDB resale, but private ppty if you happen to spot a good under-value 1 can consider, if u have deep pocket...as i foresee low interest rate will drag on for quite awhile, 1 or 2 yrs possibility....

As usual, caveat emptor.

[Ben]

Koh san, it seems like you are a little more optimistic with ppty market now then a while ago, am I right? Any reasons why u feel more positive now? Do u not think that the looming large supply of new houses and potential rising of interest rates in the next 1 - 2 years are going to affect ppty prices? Just want to hear your views on this, thanks.

[koh_52]

hehe, cos KBW is another MBT... he said more supply but didn't said cheap housing price leh.
Dun think his more supply will impact the market, with China & India still booming and huge amount of money still flowing in for washing.

Well, interest rate will affect property dat i have to admit it but check with the existing loan rate as low as 0.5%, US is printing ..who know next will be Euro or Japan.

My point is if have plenty of cash, good location ppty still in demand. Try participate in the market, pull out sat newspaper classified call, view and offer...proactive give you the best result.

I was surprised after 4th rounds of cooling measure, pte ppty prices instead of expected downwards it move further upwards.

Ben san, i know you r thinking of cashing out your ppty, do your own homework..u are the best person to decide yourself.

btw, 1 good infor for u..hear the expert said...read below:

On the topic of Cheung Kong's general strategy in Singapore, Mr Chiu said that it is interested in good- quality land and, in particular, large commercial projects of at least a million square feet in gross floor area. However, it would not like to participate in the mass-market residential sector.

Mr Chiu remains confident about the fundamentals of Singapore's economy, despite increased government measures to clamp down on speculation and to cool prices. 'There may be a correction in the market, but it won't lead to a major collapse. A recurrence of the Asian financial crisis is not likely,' he said.

'In Singapore, the government has always been paying attention to the housing market. I would say the fluctuations would be in the single-digit range. And if it were to come down, it will probably be 5-6 per cent maximum.'

He believes activity will slow down due to official policies to curb speculative demand. 'Nonetheless, the demand is still firm.'

Mr Chiu believes that interest rates are a key determinant of the property market. 'If interest rates remain below inflation rates, property will remain an enticing investment proposition that will stimulate people to buy.'

[aspeed]

here is my take..... when everyone is talking or expecting a property bubble burst, with all the over supply and interest hike, it will probably will NOT happened.