Property Market Sentiments

[brattzz]

CY09,

For your case, i say give it 2-3 years, you will find a resale 3 room within your comfort ratio,
Why not be over-weight in sg pte property? since it's you are 1st time buyer, lots of saving for you!

current measures favors 1st timers! enjoy this advantage!

[CY09]

I am a single 1st timer. I wont qualify for any grants as my income exceeds all eligible grants (i am a middle income wage earner), pte property is too expensive to own I can only get about 800k condo purchase. The other considerations is I seek financing assistance from the bank of parents (but hey, aint we suppose to be a meritocracy country and not based on good fortunes =x)

Current HDB measures only favours first timers who are married and earn a combined below 14k income. This group is increasingly becoming a smaller pool due to delayed marriages among the natural born citizens and rising income

[Behappyalways]

Mohd Zarif Hashim, CEO of Malaysia's Mass Rapid Transit Corp (MRT Corp), said that the targeted overall travel time would be 15 minutes -- "five minutes to clear immigration, five minutes for waiting time and travel, and another five minutes to move out of the Woodlands North."

JB-S'pore RTS Link 'on track' for completion by end-2026, S'pore side is 50% done: Iswaran
https://mothership.sg/2023/05/rts-link-s...ministers/

[dreamybear]

Quite some changes relating to HDB announced, hope it will deter those speculative buyers

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New Plus flats could ease BTO lottery effect but push up demand for existing flats: Analysts
https://www.straitstimes.com/singapore/h...s-analysts

"...Ms Christine Sun from property firm OrangeTee & Tie noted that flat owners who have gained a windfall from selling their flats were primarily driving demand for private homes, especially in the suburbs.

This has pushed up prices of new private homes, so it is necessary to manage demand from this group, said the senior vice-president for research and analytics.

She said the number of flats sold within two years of their MOP jumped by an eye-watering 733 per cent, from 743 units in 2014 to 6,189 units in 2022.

There were also more million-dollar transactions among flats sold upon reaching their MOP...."

[CY09]

its evident that HDB BTO flats were serving less and less of its function as home for nation building, instead citizens were getting flats to flip for a large profit (aka like winning Toto) or using it as a dividend machine generating 6% rental yield and on leverage.

This was pushing housing prices up such that future generations who are not eligible for a flat were being priced out. To make matters worse, a growing segment of the citizenery called the Singles and couples who formed their union at a later age were excluded from this BTO lottery due to policies and stages of life cycle. Singapore was turning into an unfair and inequal society where in the Kantian ethics, there was no fairness under the veil of ignorance.

This is why during the NDR, the words "lottery effect" and "fair" were frequently mentioned. What the government had to do was make housing policy what it was - a HDB home is for nation building, it has to be fair and allows social integeration. HDB was failing on all three principles. Hopefully in 15 years time, we get back to the respectable times we had in the past

[dreamybear]

I salute Nicholas for bringing up excellent points.

Still unconvinced by the responses to the issue regarding flats are getting smaller, e.g. 5RM flat 1993 vs 2021. I was hoping for more screen time discussion relating to this. Sigh ...

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New BTO Classification: Will My HDB Flat Be More Affordable? - Forum | Talking Point | Full Episode
https://www.youtube.com/watch?v=hg5UnE06kp4

[dreamybear]

Owning a property in full in one's name is pretty different from OPMI equity investing where one has to depend on the "goodwill" of the controlling shareholder. Of course, there are other detailed factors to consider like type of property, which company/share(growth/dividend), cooling measures, etc.

I guess it's still the perennial question which is a better investment, but perhaps for those who have walked the path - which path wld you "bet on" if you had the chance to go back in time, and what wld you recommend your children to do in the present ?

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Buying condos before 35: Report finds young S'poreans make up growing share of new private property buyers
https://www.todayonline.com/singapore/bu...rs-2349646
"...To Ms Chen, who now lives elsewhere with her parents, the condominium unit is meant for investment purposes and not for her own occupation. As soon as the papers for the new apartment were signed, she rented out the shoebox apartment to help her earn a passive income....

...Asked why private condominiums are more appealing than subsidised public flats, several young Singaporeans told TODAY that it was a good asset class to grow wealth.

Diana, 30, who wanted to be known only by her first name and works in the real estate and built environment industry, said: “The earlier you acquire this asset, the better.”....."

[CY09]

I would have gone for property investing putting my then small amount of cash into a small apartment. I underestimated the government's intent to grow the foreigner population which helped to maintain property prices

Unlike china, it seems imperative Singapore property prices will move in am uptrend due to the continuous expansion of the foreigner workforce. As opposed to investing in the stock market as you have described aptly, being subjected to stingy Singapore business owners who have been opmi unfriendly and a Chinese government who has a bipolar of moods

Singapore government stance has been easier to read which is that foreigner workforce has to expand non stop and with that more housing demand. What helps is that housing supply has always been slow with locals (mainly) those single being forced to buy resale prices or condo.

[dreamybear]

Similar choice : between SG equities vs SG property - I think the latter is more rewarding and also more efficient especially in the past.

[Bibi]

If SGX comes out with a etf product that allows all listed co in sgx to be shorted equal weighted including new IPOs, i don mind giving it a try. I got a feeling the gain might be quite substantial maybe even better than properties investment.