Is Now The Right Time To Invest In Property?

[brattzz]

while that is true to an extend, i am pretty sure that RICH people also do not want their $ to be stuck in physical assets which do not provide attractive returns!

Safe and attractive ROI!

[valueinvestor]

They have many choices , UK , Australia, USA etc . Are these countries not safe haven ?

[Temperament]

I see from next year could be a good time to buy. In the news HDB will taper bto releases from next year but taper does not mean ending it. If including this year's quota almost total 100,000 bto flats released in the last 4 years.

Also I asked around buyers are not paying anymore COV and it's reported in the news record number of seller are willing to let go under valuation. It doesn't say why but I'm guessing high chance they are over leveraged maybe they took out loans to buy 2nd or even 3rd property during the boom times hope to flip but now prices falling people trying to avoid the squeeze, looks like firesales.

It doesn't hurt to wait a few more months to see how things develop next year.

Even my friend who has a HDB flat and had bought a 2nd property initially wanted to sell his HDB flat and keep his condo. But he changed his mind after I reminded him that it's not so easy to re-purchase a HDB flat after selling a private property.

Agree completely.

Mine is 4A HDB and so far most people think mine is equivalent to 5 Rm especially compare to latest 5 rm HDB. Even my renovation contractors want to charge me prices according to 5 rm HDB instead of 4 rm.
Besides in 2 to 3 years time, when i walk downstairs i can take a train to anywhere in Singapore.
How to sell and get something equivalent or at least near equivalent?
Dream on as long as enhancement of your HDB in $$$ is concerned.
Unless you downgrade to nowhere.
No?

[Tiggerbee]

Do not underestimate the number waiting at sideline, my agent said many riches from overseas r monitoring the price in Singapore. This is a gd safe place to park their excess money n store their assets. Sg is safe for people w money to park here.

Agents only want to earn your commission and so what they said are always biased. I've yet to hear any agents who are negative on the property market. Do your own research, visit the show flats and check the URA data to monitor how the property market is doing.

[NTL]

Hi Uncle Temperature, a side question. Which area you stay? My HDB also will be enjoying MRT in 2-3yrs time, in Bt Panjang.

[NTL]

while that is true to an extend, i am pretty sure that RICH people also do not want their $ to be stuck in physical assets which do not provide attractive returns!

Safe and attractive ROI!

Rich does not means financial savvy. If really so, there won't be news of the rich losing million $$ in investment schemes, or some other bad investments.

Rich and unsavvy are the targets for some of these sales people.

[Tiggerbee]

while that is true to an extend, i am pretty sure that RICH people also do not want their $ to be stuck in physical assets which do not provide attractive returns!

Safe and attractive ROI!

Rich does not means financial savvy. If really so, there won't be news of the rich losing million $$ in investment schemes, or some other bad investments.

Rich and unsavvy are the targets for some of these sales people.

Especially the rich Indonesians. The agents like to play on their fear of the depreciating rupiah and psycho them into buying Singapore assets to diversify their wealth pool.

[gautam]

i think the answer to that would depend on ones individual circumstances, ie his age, health, earnings, financial goals, comfort level, and his and his spouse's overall thinking.

Developers and agents will mostly say that ppty prices will appreciate will time as singapore is only that big and the population is going up, plus more mrt stations are going to be built and thus the prices can only go up long term.

Let me relate my particular situation.

My wife and I bought a pte ppty 10 years ago before we got married. Then we rented it out and bought another one, just to be within 1 KM of the school which my child needs to enroll in. Just that simple requirement, would mean a few hundred K to spend to buy that other property just to meet that requirement. My third was a commercial ppty used for my business.

Buying a ppty is not so simple, there are various maintanence costs and tenant issues, just to name a few. Things can break down. Just to relate a recent example, the roof of the unit below mine was leaking and thus deemed to the the fault of the unit above until proven otherwise. True enough, there was a leak in a pipe in the toilet of one of the bedrooms which cost a few k to fix.

Talking of the financial aspect of owning a ppty.
1) ppty tax is higher. close to 1 month of tenancy goes to it.
2) apartment manitenenace fees have to be borne by owner.
3) various repair fees, though the usual clause says that first 150 is paid by tenant.
4) headaches when things get spoil and tenent call you for help.
5) rental income also gets taxed.
6) ppty cannot buy and sell so easily like stocks.
7) heavy cash outlay involved plus added cooling measures fees

So from a ppty owner pt of view, owning ppty to rent out is far from that easy as some pple think or feel. Of course, I get some wow factor when pple hear that i own more than 1 properties., but do they know of these other aspects relating to ppty ownership?

for me, I had it a bit lucky, I bought my ppties during sars time and gfc. yes, those were frightening times, but if I wasn't going to get married and wasn't going to register my child for school respectively, I most likely would not have bought them at such scary times.

would i buy another ppty now? I think most likely not for now, citing the above reasons. Most of my cash flow in my cash game comes from my business and my stocks. I don't think my cash flow from the rental is that significant.

gautam

[Temperament]

Hi Uncle Temperature, a side question. Which area you stay? My HDB also will be enjoying MRT in 2-3yrs time, in Bt Panjang.

Oh! i stay in Bedok/Kaki Bukit. i think it's the DTL MRT.

By the way, why did you address me as Temperature instead of Temperament.
Are you angry with me because of something or it's a Genuine Mistake?
If i anger you in any particular instance, my apology.

[Temperament]

i think the answer to that would depend on ones individual circumstances, ie his age, health, earnings, financial goals, comfort level, and his and his spouse's overall thinking.

Developers and agents will mostly say that ppty prices will appreciate will time as singapore is only that big and the population is going up, plus more mrt stations are going to be built and thus the prices can only go up long term.

Let me relate my particular situation.

My wife and I bought a pte ppty 10 years ago before we got married. Then we rented it out and bought another one, just to be within 1 KM of the school which my child needs to enroll in. Just that simple requirement, would mean a few hundred K to spend to buy that other property just to meet that requirement. My third was a commercial ppty used for my business.

Buying a ppty is not so simple, there are various maintanence costs and tenant issues, just to name a few. Things can break down. Just to relate a recent example, the roof of the unit below mine was leaking and thus deemed to the the fault of the unit above until proven otherwise. True enough, there was a leak in a pipe in the toilet of one of the bedrooms which cost a few k to fix.

Talking of the financial aspect of owning a ppty.
1) ppty tax is higher. close to 1 month of tenancy goes to it.
2) apartment manitenenace fees have to be borne by owner.
3) various repair fees, though the usual clause says that first 150 is paid by tenant.
4) headaches when things get spoil and tenent call you for help.
5) rental income also gets taxed.
6) ppty cannot buy and sell so easily like stocks.
7) heavy cash outlay involved plus added cooling measures fees

So from a ppty owner pt of view, owning ppty to rent out is far from that easy as some pple think or feel. Of course, I get some wow factor when pple hear that i own more than 1 properties., but do they know of these other aspects relating to ppty ownership?

for me, I had it a bit lucky, I bought my ppties during sars time and gfc. yes, those were frightening times, but if I wasn't going to get married and wasn't going to register my child for school respectively, I most likely would not have bought them at such scary times.

would i buy another ppty now? I think most likely not for now, citing the above reasons. Most of my cash flow in my cash game comes from my business and my stocks. I don't think my cash flow from the rental is that significant.

gautam

i think cash from rental should be compared to stock only. i favour stock more than Bricks and Mortar. But for asset allocations i think it's better to have both.