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There are so many types of residential properties out there in the market.
If it is purely for investment, what would be your choice and in what district would you prefer (leave out the ATAS and landed due to small budget)
We know that different types of housing attract different tenant profiles and it’s a headache having to deal with some of those bad tenants esp. during bad times.
And rental yields nowadays are also rather pathetic! It would be so very nice to see a 15-20 per cent drop in prices!!! Talk is cheap lol!
Care to share?
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The general sentiment is that the rental market is bad and going to turn even worst because of the upcoming supply of residential units. Price is going to drop further so wait for cheaper price.
This is what I experience/observe though:
1. It is true that the rental market was weak last June as I took longer (2 mths) to secure a tenant and have to adjust down my rent. My unit rent was one of the highest in the development.
2. This month I saw all time rental high for my unit type, 14% higher than my last year rent. Rent for my development is creeping up?!
3. The general selling price is coming down.
4. Rising rent, falling price. It may already be a good time to buy.
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https://sg.finance.yahoo.com/news/premat...ector.html
The government feels it is still too early to lift the property curbs.
In his Budget 2016 speech, Finance Minister Heng Swee Keat announced that "it is premature to relax the property cooling measures".
He added: "We will continue to monitor the property market closely."
Since 2009, the government has introduced a series of property curbs to stabilise the housing market, which includes the ABSD levy and loan curbs.
Analysts had earlier told PropertyGuru that private home prices need to drop significantly to warrant an immediate relaxation of the cooling measures.
"Underlying demand for Singapore property remains fairly high, given our stable fundamentals, thus the policy makers could be mindful of any unintended effect of a demand resurgence, should measures be adjusted," said Alice Tan, Research Head at Knight Frank Singapore.
According to JLL, private home prices surged by 62.2 percent during the 2009 to 2011 period, but have only dropped by 8.41 percent since then.
"The government might be persuaded to relax some measures if home price decline picks up pace such that annual declines threaten to enter into double digit territory amid slow sales activity and economy," noted Tay Huey Ying, Head of Research for JLL Singapore.
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Ya. Don't change rules halfway through the game for Developers. They knew the ABSD and QC rules when they bought their land. So no sympathy for them.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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not yet, 
should be rising interest rates, lowering rentals yields, lower selling prices....
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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I do a quick Google on rental yield for a few countries and here's what i found.
Gross Rental Yields - Taiwan Compared to Continent
Philippines 7.51%
Singapore 2.83%
Hong Kong 2.82%
India 2.22%
Taiwan 1.57%
What this mean is rental yield has much smaller impact considering Taiwan has only 1.57% whereas Singapore is high 2.83% and S$ currency is stronger than theirs. So I feel for Singapore, Jobless rate will be a key driver and we already see some impact since last year.
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Supply, population growth, jobs and easy loan underwriting are the key Drivers for property prices.
Yields not so much since people has accepted negative yields for hopes of capital gains.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Thank you all for your response!
All the points raised are actually my concerns!
To me, I think for any property investment, it's all about capital gains at the end of the day. I hope I can get one during this downturn, or within these 2 yrs, and by the next upturn, hopefully it will appreciate in value.
I am still looking out for that piece of property with the X factor! After all, I have only one bullet, so must hit it right! It's not going to be easy though. Wish me luck!
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26-03-2016, 04:33 PM
(This post was last modified: 26-03-2016, 04:34 PM by brattzz.)
Mid to long term, can be done, believe in the singapore gov..... short term... negative leh...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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(26-03-2016, 07:17 AM)corydorus Wrote: I do a quick Google on rental yield for a few countries and here's what i found.
Gross Rental Yields - Taiwan Compared to Continent
Philippines 7.51%
Singapore 2.83%
Hong Kong 2.82%
India 2.22%
Taiwan 1.57%
What this mean is rental yield has much smaller impact considering Taiwan has only 1.57% whereas Singapore is high 2.83% and S$ currency is stronger than theirs. So I feel for Singapore, Jobless rate will be a key driver and we already see some impact since last year. The rental yield has to be adjusted by inflation to get the real yield for a better comparison
Just my 2cts
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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