28-05-2013, 08:49 AM
May i know which country or countries welcome Aliens like Singapore does? And security and amenities are as good if not better? And of course, the costs of living is so much lower.
Thanks.
Thanks.
(27-05-2013, 09:20 PM)koh_52 Wrote:(26-05-2013, 02:28 PM)Gaudente Wrote:(25-05-2013, 03:40 PM)CY09 Wrote: I think right now, the condo market in Singapore is at a fairly valued situation. Lets take an example of one of the new launch condo now, just received an sms for a Urban Vista 4 bedroom (abt 1050Sqft) selling for $1.2M assuming add on fees etc should be 1.25M.....Excuse me, but if someone has 1.25 million SGD , wouldn't have better retiring in a cheap retirement place like Thailand or Cambodia rather than sinking it into a Singapore condo to continue the rat race ?
I like your call, those above 55 with no liabilities, hehe like me prefer this option...aiming for a safe, cooling, greenery, quiet, low cost of living with good medical facilities...Not Iskander hor, I have been telling others not to touch it unless it is dirt cheap, cos Malaysia law is very uncertain.
As for CY09 san view is quiet logical but he too focus on rental return. Actually, ppty investment is about capital appreciation, if the ppty price falls by 20% it will wipe out all your years of rental income...careful on this.
Yes, people said ppty invest for long term sure win,your long term could be 20 yrs and dont forget to consider inflation into your 20yrs (say 4%p.a x 20yrs= 80%) yup quite true, I bot a ppty in 1996 at $400k (before the 1997 crash), now price & rental double.
The Pros:
1. 6.9 millions progressively in 2030.
2. high land cost ( now land price aro $600-$700 PSF plus construction cost aro $350 PSF, so easily a condo price tag at above $1k PSF.)
3. Greedy garment hungry for more taxes (pro-tax and stamp duty)
4. High liquidity (QE)
5. Foreigner like to park their (xx) money in S'pore, good security and strong currency.
The cons
1. Buy easy, sell difficult . dun forget buyer has to pay ABSD..If i dun buy, other also think likewise..but only a handful very rich foreigner will still buy.
2. Price too high, now ppty price is at all time high (risk/reward ratio) dun favour buy.
3. Come 2014/15 huge supply out from pipeline, provided flood gate still open then it okay still got demand, but papies now afraid of 2016 GE.
4. Another reason why I think come in 2014/15 price might drop. Alot of properties were launched and sold in 2010/2011, the SSD will be reduced to almost nothing after 2014 and there wont be anything to stop people from selling.
Ok pause here, I am not asking nor stopping you from buying your dream property....right timing & good location...when/where? i dunno. But what i know ABSD stop people from buying and SSD stop people from selling.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.