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This is highly debatable, however theres really nothing much you can do with policy changes by govt.
Pt to note is whats KBW intention for making that statement. I think it only shed some light on near term expectation of public housing it should always mean revert in the long run. Likewise, KLB (CDL) and GP (DBS) also made commentary about housing I guess different side of folks have their own expectation.
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I overheard some aunties' discussion about the value of the HDBs when they apporach 99 yrs. And whether they can pass on some asset to their children. One way to navigate around the policies is to sell the HDB and buy another one that is newer. In this case one will never face the steep depreciatioin as it nears 99 yrs.
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(19-02-2014, 06:31 PM)Freenasi Wrote: I overheard some aunties' discussion about the value of the HDBs when they apporach 99 yrs. And whether they can pass on some asset to their children. Quote:One way to navigate around the policies is to sell the HDB and buy another one that is newer. In this case one will never face the steep depreciatioin as it nears 99 yrs. i agree.
My generation (65+ now) calls this "picking the cherry twice. That is we were allowed to buy twice directly form HDB. Now i am staying in my third HDB flats which is about 16 or 17 lease used up only. The remainder lease is more than enough for my son which is 26 years old.
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.
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The facts is many citizens gain from the generous policy from HDB. Some used the profits as seed monies to start their business and become very successful enterprises.
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20-02-2014, 10:24 AM
(This post was last modified: 20-02-2014, 10:27 AM by specuvestor.)
(19-02-2014, 11:15 PM)Temperament Wrote: (19-02-2014, 06:31 PM)Freenasi Wrote: I overheard some aunties' discussion about the value of the HDBs when they apporach 99 yrs. And whether they can pass on some asset to their children. Quote:One way to navigate around the policies is to sell the HDB and buy another one that is newer. In this case one will never face the steep depreciatioin as it nears 99 yrs. i agree.
My generation (65+ now) calls this "picking the cherry twice. That is we were allowed to buy twice directly form HDB. Now i am staying in my third HDB flats which is about 16 or 17 lease used up only. The remainder lease is more than enough for my son which is 26 years old.
Unless you buy from HDB, you will always have to pay the premium if you do such a swap in the open market. Just like if you do that for your car
But people don't feel poorer because most of the time they upgrade when they swap and the 4X leverage effect kick in. If government allows zero CPF or LTV of say 50% or lower, then the cost of housing will start to sink in.
L99 is true not only for HDB but also pte property. It should be clear to any rational buyer for pte property as well ie what is the comparative advantage of paying double for the same L99.
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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(20-02-2014, 10:24 AM)specuvestor Wrote: (19-02-2014, 11:15 PM)Temperament Wrote: (19-02-2014, 06:31 PM)Freenasi Wrote: I overheard some aunties' discussion about the value of the HDBs when they apporach 99 yrs. And whether they can pass on some asset to their children. Quote:One way to navigate around the policies is to sell the HDB and buy another one that is newer. In this case one will never face the steep depreciatioin as it nears 99 yrs. i agree.
My generation (65+ now) calls this "picking the cherry twice. That is we were allowed to buy twice directly form HDB. Now i am staying in my third HDB flats which is about 16 or 17 lease used up only. The remainder lease is more than enough for my son which is 26 years old.
Unless you buy from HDB, you will always have to pay the premium if you do such a swap in the open market. Just like if you do that for your car
But people don't feel poorer because most of the time they upgrade when they swap and the 4X leverage effect kick in. If government allows zero CPF or LTV of say 50% loan, then the cost of housing will start to sink in.
L99 is true not only for HDB but also pte property. It should be clear to any rational buyer for pte property as well ie what is the comparative advantage of paying double for the same L99. In any investment be equity or property or what before you buy, you must be clear why you buy. For flipping, 5 years or 15 years or for legacy.
i buy CMT 3.08% Bond to sell within a few months to 1 year. If not able to sell with profit , then trying next year to maturity is still O. K. for me. i admit keeping till maturity 7 years is "yak" to me.
But everyone has their own reasons and outlook.
60LH:-
Actually, i think 60 years LH is more practical & affordable but occupiers must always be given 1st priority to renew lease for 10 to another 60 years. In this way, there will be more money for people to use else where. Better use of money should be the motive.
i support 60LH if 1st priority is always given to occupiers to renew lease.
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.
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by then 60 years later, there may no "hdb" flat, there may not even be a country called Singapore by then. we are all tiny creatures under the sun living on mother earth's greatness. if someone can confirm/predict, I think he is really the god.
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(20-02-2014, 10:59 PM)pianist Wrote: by then 60 years later, there may no "hdb" flat, there may not even be a country called Singapore by then. we are all tiny creatures under the sun living on mother earth's greatness. if someone can confirm/predict, I think he is really the god. Excuse me, God just make it happens.
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.
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Median COV for HDB flats hits zero - an 8 yr low - ST by Janice Heng and Rachel Au-Yong
This is a Buyer market.
The new low will also lead buyers to "increasingly view 'valuation price' as the highest offer", R'ST Research director Ong Kah Seng.
 Love Compassion
A Life not Reflected is a Life not Worth Living.
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COV can be zero but valuation can still keep rising?
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