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She just need to sell one or two of her property and she would be very comfortable.
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06-12-2017, 05:55 PM
(This post was last modified: 06-12-2017, 06:19 PM by Big Toe.)
It is a very vague story with no hard figures.
But there are many who invested in Residential / Commercial properties who are either unable to rent them out or
have rents far lower than depreciation+maintenance+interest cost+tax. Do note that the total cost of holding a commercial property(excluding principal repayment) can add up to a couple of thousand dollars each month even for a 'cheap' unit.
Residential properties are slightly 'safer' as tenants are more easily found(with some adjustment on rent) compared to commercial properties.
It is a huge strain for an individual who used too much leverage.
Industrial and retail property generally is a complete disaster now.
For newly set up small to medium sized enterprises, I can safely say 80-90% will be unprofitable for a very long time to come.
Even many established/innovative/prudent/ forward looking firms are struggling.
We are at a strange point in time where we dont have an overall strong economy BUT with a low unemployment rate and the large local companies/multinationals doing very well.
Right now a person would be very much happier if he/she is jobless and not owning any properties/running any businesses.
It is just a very difficult point in time. Too much money looking for too few worthwhile investments.
A lot these investment dollars end up in sub par investments/businesses engaging in price war and race to the bottom. This in turn will hurt other strong businesses due to an unhealthy level of competition.
My best advice is to stay the hell out and do nothing now.
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boost in population definitely needed, by means of new citizens converting or make importing looser
They have been pre-empting for 10million for a while, and all the new infrastructures: new MRT lines, HSR, Jurong CBD, Megaports, Terminal 5 etc are down the pipeline to cater for this. Future of housing prices in Singapore? Doesn't look gloomy to me
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Population growth in citizen and residence have been quite consistent about 25k to 30k annually. The fluctuations are non-residence foreigners. So HDB release is not a BIG surprise.