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Post by kenjifm on Nov 7, 2014 2:08:59 GMT 7
I don't agree with Kelvin Fong about getting private property rather then HDB first.
If the income level allows you to buy direct from HDB, one should proceed with government grants and give yourself 5 years for the MOP.
Using CPF will be good if you don't have enough fund but if you can afford it, CPF should be the last resort, the Power of Compounding will take care of the rest.
Why try not to use CPF?
The pay back to your own CPF Account + interest rate will eat into the Sale of your Property.
Only if you feel the deal is better with CPF payback + interest, then go ahead.
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Post by zuolun on Nov 7, 2014 8:07:45 GMT 7
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Post by pain on Nov 7, 2014 9:48:54 GMT 7
I disagreed too on getting private property and then HDB. Current property cooling measures state owners with a private property upon acquiring a HDB unit has to sell off his private property within 6 months. Hence, besides the valid points on CPF and interests lost on compounding raised by Kenji, you will be a "rush" seller of the private property in current market condition. Bad idea to the core. However, if you have bought a HDB unit and then purchased a private residential property, you will not be hampered by the above measures. You will have options as to rent out the HDB (if meets the 10 yrs MOP) or the private property. Coming soon, akan datang in 3 months I will be a garang guri man in 3 months' time. Will accept any usable furnitures like sofa, bedframes, coffee table, dining table, chairs, etc.. from kind souls, thanks. I don't agree with Kelvin Fong about getting private property rather then HDB first. If the income level allows you to buy direct from HDB, one should proceed with government grants and give yourself 5 years for the MOP. Using CPF will be good if you don't have enough fund but if you can afford it, CPF should be the last resort, the Power of Compounding will take care of the rest. Why try not to use CPF? The pay back to your own CPF Account + interest rate will eat into the Sale of your Property. Only if you feel the deal is better with CPF payback + interest, then go ahead.
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Post by kenjifm on Nov 7, 2014 12:09:08 GMT 7
You are inviting me to your house warming?
I can teach little kids the power of compounding but they will prefer the magic i can perform.
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Post by oldman on Nov 9, 2014 9:13:31 GMT 7
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Post by zuolun on Nov 9, 2014 22:03:03 GMT 7
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Post by kenjifm on Nov 19, 2014 14:14:13 GMT 7
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Post by kenjifm on Nov 20, 2014 1:52:14 GMT 7
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Post by zuolun on Nov 20, 2014 15:23:57 GMT 7
Singapore: The ultimate retail destination — 26 Mar 2014
Retail rents in Singapore 7th most expensive in Asia Pacific: Colliers
BY Cheryl Ong 18 Nov 2014
SINGAPORE - Singapore remains an attractive destination for international brands and new labels to set up shop, despite steep rents and tough operating conditions, property consultancy Colliers International said on Tuesday.
Still, brick-and-mortar retailers are feeling the heat from the competition posed by e-commerce firms, rising costs, a tighter labour supply and shrinking profits, it added in a report on a study that had looked at 125 retail real estate markets in 50 countries.
Retail rents in Singapore were one of the 10 most expensive in Asia Pacific, coming in seventh place at US$348 per sq ft (psf) a year, the study found.
This was down a spot from its sixth place last year, when retail rents were steeper at US$355 psf a year.
Rents for retail space in Hong Kong's Queen's Road Central were the costliest in Asia Pacific and second most expensive in the world at US$2,073 psf.
Monthly gross rents in the prime shopping belt of Orchard Road were mostly unchanged in the past year at $36.25 psf, just slightly down from $36.38 a year ago.
"Despite the demand for space by new stores and food and beverage outlets, the retail environment is challenging due to rising costs, shrinking profits and a tight labour market," said Ms Chia Siew Chuin, director of research and advisory at Colliers.
But more chains have made their way into Orchard Road the past year, opening shops such as Adolfo Dominguez, Etam, Cath Kidston and Cos.
Mr Simon Lo, executive director of resaerch and advisory, Asia, at Colliers, said that Asian retailers have been competing with the increasing popularity of online firms. But top-tier brands will remain in core city areas, where the supply of new retail space is limited in cities like Seoul and Singapore. This will result in the mid-range labels moving out to decentralised areas, he said.
In Singapore, more suburban malls are expected to open their doors to shoppers over the next year. This includes Waterway Point in Punggol, which has an estimated net lettable area (NLA) of 344,370 sq ft, and Big Box in Jurong East, with an NLA of 260,000 sq ft.
Monthly gross rents for prime retail space on the ground floor in city-fringe malls were $24.35 psf as at Sept 30, up from $23.39 psf a year ago. In the suburban regional centres, monthly rents were $33.72 psf, up a touch from $33.46 a year ago.
"Malls in Orchard Road are facing increased competition from malls in other districts including those in the suburban and regional areas, which enjoy a captive and ready shopper catchment," said Ms Chia. "These malls have proven to be resilient in performance, largely due to this advantage and their close proximity to MRT stations.
Worldwide, New York's Fifth Avenue has the most expensive rents at US$3,550 psf each year. Hong Kong's Canton Road was in third place at US$2,011 psf per year.
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Post by oldman on Nov 21, 2014 5:48:56 GMT 7
Worth reading. More homes go under the hammer in weak market - 21 Nov 2014 Figures from Colliers International show that 131 properties of all types were put up for auction sale by mortgagees, or lenders, from January to October. That was more than five times the 25 properties in the same period last year. Of that, 98 homes were put up for auction by mortgagees in that period, seven times the 14 homes in the 10 months last year.
Some may be speculators caught by cooling measures, as values in the high-end market have fallen by as much as 25 per cent and they may be unable to service debt, said Chestertons managing director Donald Han.
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Post by zuolun on Nov 23, 2014 16:14:06 GMT 7
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Post by zuolun on Nov 27, 2014 11:42:49 GMT 7
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Post by zuolun on Nov 28, 2014 6:29:18 GMT 7
Redas urges govt to intervene if property market turns volatile — 27 Nov 2014 Govt's role to avert chaos in property market26 Nov 2014 LAST Friday's report ("More homes go under the hammer in weak market") was attention-grabbing but unlikely to cause any ripples in the financial and property markets. The situation today is completely different from the sudden and massive property meltdown in the mid-1980s. Back then, the Government stepped in quickly to calm the situation after a few commercial and residential property mortgages ended in grief as a result of hasty foreclosures by banks. The banks were told to show restraint, restructure mortgage loans, forgo calling in additional securities or margins, and defer loan repayments. The decisive government intervention averted a chain reaction in the jittery financial and property markets, and saved Singapore from chaos. In contrast, during the recent sub-prime property crisis, the United States government failed to act swiftly and decisively, causing a worldwide financial meltdown. A responsible government must be ready to reassure banks that it will step in as a last resort to fund the default repayments for owner-occupied properties (and not those of speculators) rather than let them go under the hammer. The government should retain liens on the properties, and the owners should repay the government on deferred terms with conditions attached on resale, possession and settlement. It is the government's responsibility to intervene with decisive initiatives to calm financial and property markets. While the situation here has not reached crisis levels, I hope our Government will monitor it closely and not be caught off-guard. Tan Kok Tim
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Post by oldman on Dec 6, 2014 7:27:42 GMT 7
Sentosa condos sold at a loss as interest in waterfront projects wanes - 5 Dec 2014 4. TurquoiseThe biggest losses suffered in Sentosa Cove have been at another Ho Bee project in Cove Drive, with two apartments that went under the hammer for losses of up to $3.2 million.
The 2,777 sq ft apartments that were bought in 2009 for about $2,550 psf were both sold for about $1,400 psf in July.
In the past six months, units were sold for an average of $1,424 psf.
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Post by kenjifm on Dec 8, 2014 1:46:11 GMT 7
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