enbloc may not be a good deal

[millenium]

Originally Posted by loveikan

Enbloc fever is back with sky high prices while the mkt is still bad.
Govt is not relaxing on the policy for the past years in which they usually does when the mkt is bad.
Also many unsold units at present with a batch next year.

Where is the mkt heading? Feeling strange. Another bubble?

Having said so, i think The govt which had came up with the ITMs for construction industry might have a ripple effect with the govt relaxing their policy for real estate.

If u look at who are those winning the bid so high, u get a clue.

[jwhtan]

I think for those who look at property as an investment asset class, u got to rethink your choice, especially HDB

[loveikan]

Hahahahaha, HDB must return to govt once the lease expired while private still got chance to top up the lease and mkt enbloc.

[loveikan]

Originally Posted by millenium

If u look at who are those winning the bid so high, u get a clue.

Wow....Like that also can. Almost the same players all the time.
They are some who jv together, others are the regulars. In fact some of these regulars if not going solo also jv with new boys as well to do bidding.

[millenium]

Originally Posted by loveikan

Wow....Like that also can. Almost the same players all the time.
They are some who jv together, others are the regulars. In fact some of these regulars if not going solo also jv with new boys as well to do bidding.

I think they over bid. Later they will realise.

[millenium]

Originally Posted by jwhtan

I think for those who look at property as an investment asset class, u got to rethink your choice, especially HDB

Still good for landed if can hold 10 years. Hdb bto sure earn. Resale hdb 70% can earn if rent out. Condo 50/50 if buy correct ones, if buy wrong ones, 100% lose money.

[Ong88]

Originally Posted by loveikan

Hahahahaha, HDB must return to govt once the lease expired while private still got chance to top up the lease and mkt enbloc.

HDB is tenant pay upfront 99 years rental.

Get that straight and you be happy.

Like any rental unit, landlord can take back unit when he wants, conpensating the tenant at market rate for the uncompleted lease.

As a landlord, if can get better rental yield or profit from land redevelopment, why not?

"Stakeholder" and "home ownership" : B.S
Just a tenant/lessee : get that straight.

[jwhtan]

Originally Posted by Ong88

"Stakeholder" and "home ownership" : B.S
Just a tenant/lessee : get that straight.

Exactly ...... dun for any moment, think u own the house

[Ong88]

Originally Posted by jwhtan

Exactly ...... dun for any moment, think u own the house

The house owns HDB unit "owners.".

And guess who really owns the house?

How many % are in public housing?
80% are pawned and GG, uniquely Singapore.

The other 20%, don't be too happy.
You're just as scr3wed.
Eminent Domain : check it out.

Ok, let's not get too depressed.

Property ownership here still better than buying in Malaysia, hands up those who made money in Malaysia?
Lost money? Be thankful you could sell.

Good points here :
http://www.fivestarsandamoon.com/201...-on-with-life/

[loveikan]

Only in Singapore.
We hold the land for the govt even if the tenure is Fee Simple.

The airspace above and whatever below belongs to the govt. The owner is just a 'caretaker" even though it is registered and the Cert of Title with the owner's name.