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Post by stockpicker on Jan 10, 2014 10:54:13 GMT 7
Just like gardens nowadays, many are going for micro-garden in the corner or entrance of the premises or home rather than one big one at the back or front yard. It will be cheaper and easier to maintain when premises and gardens are smaller as long as it is pleasing and livable.. for homes, convenience is the word, near to markets, shops and transport, plenty of public area.. though I stay in a 160 m2 apartment.. most of time spending time in a room measured less 15 m2 using the desktop. |
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Post by stockpicker on Jan 18, 2014 11:14:10 GMT 7
The Hillford, the first retirement village in Singapore with about 280 units were snapped up within 5 hours after it was launched yesterday. The price is around $1,100 psf for a 60-year lease. The buyers ranged from 25 - 60 year old couples. Many said it was affordable with a price starting around $400K for a 400 sq ft apartment, little bit larger than a HDB 2 room flat. www.channelnewsasia.com/news/singapore/buyers-snap-up-retirement/957928.htmlCall it a shoebox apartment or a retirement village if you want but it is not exactly meant for elderly folks especially those with knee or leg problem as the MRT and the market is about 4 bus station away. Even the nearest sundry shop is about 100 metres away. It is really inconvenient for older folks without a car for daily chores. It is no wonder that elder folks were not all that gung-ho about the village although the condo is equipped with a lot facilities. But something is missing.. one potential buyer said that there were no grip bars in toilet for elderly folk which is an essential thing to have. Although grip bar is a small cost, it did strongly suggest that the condo is not exactly aimed at elderly folks. The price @ $1,100 psf is not exactly cheap with a 60 year lease if one were to consider that the nearby raintree condo was selling for slightly higher price of around $ 1,130 psf in 2011 with a 99 year lease. As is, the market already started selling Hillford condo unit.. www.propertyguru.com.sg/streetdirectory-listings/10663/jalan-jurong-kechil/1 |
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Post by oldman on Jan 18, 2014 15:44:46 GMT 7
It has been a while since I updated myself on the loan requirements in Singapore as I was curious whether it is easy for the average Joe to get a loan for a 60 year leasehold property. Appears that it is quite easy to take such loans so long as the remaining lease is at least 40 years at maturity of loan. Now I can understand why it was sold out so quickly. Guess the average Joe may not fully appreciate the difference between a 60 year and 99 leasehold property...... it may be easy to get financing to buy a 60 year leasehold property but it may not be so easy to on-sell it even a few years later.... given the 40 year remaining lease issue highlighted earlier. I understand that the lease on The Hilford started from Feb 2014 and the TOP is only in 2017. Put another way, if you bought the property and try to sell it in 2017, the next person can only take a 17 year loan from the bank and this loan period will decline further as the apartment ages.... The Hillford, the first retirement village in Singapore with about 280 units were snapped up within 5 hours after it was launched yesterday. The price is around $1,100 psf for a 60-year lease. The buyers ranged from 25 - 60 year old couples. Many said it was affordable with a price starting around $400K for a 400 sq ft apartment, little bit larger than a HDB 2 room flat. www.channelnewsasia.com/news/singapore/buyers-snap-up-retirement/957928.htmlCall it a shoebox apartment or a retirement village if you want but it is not exactly meant for elderly folks especially those with knee or leg problem as the MRT and the market is about 4 bus station away. Even the nearest sundry shop is about 100 metres away. It is really inconvenient for older folks without a car for daily chores. It is no wonder that elder folks were not all that gung-ho about the village although the condo is equipped with a lot facilities. But something is missing.. one potential buyer said that there were no grip bars in toilet for elderly folk which is an essential thing to have. Although grip bar is a small cost, it did strongly suggest that the condo is not exactly aimed at elderly folks. The price @ $1,100 psf is not exactly cheap with a 60 year lease if one were to consider that the nearby raintree condo was selling for slightly higher price of around $ 1,130 psf in 2011 with a 99 year lease. As is, the market already started selling Hillford condo unit.. www.propertyguru.com.sg/streetdirectory-listings/10663/jalan-jurong-kechil/1 |
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Post by oldman on Jan 25, 2014 17:28:40 GMT 7
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Post by candy188 on Jan 25, 2014 18:38:54 GMT 7
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Post by candy188 on Jan 25, 2014 18:51:12 GMT 7
![]() Tough to adjust to tiny space.  Hong Kong’s Shocking 40-Square-Foot Apartments
Could you imagine a family living in an apartment not much bigger than a king-size bed? In Hong Kong, some families are forced to live in 40 square-foot cubicle apartments that have bunk beds overlapping with cooking areas and food storage located inches from electronics.  Hong Kong architect turns shoebox apartment into 24 rooms |
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Post by oldman on Feb 11, 2014 14:51:35 GMT 7
After seeing this, I don't think we should make money out of foreclosure properties. Previously, I also like watching Storage Wars where people bid for the contents of storage lockers in which owners were not able to pay the rental. This video shows the other aspect of why some of these folks cannot pay. Knowing this now, I don't think I will enjoy watching Storage Wars anymore. In real life, when someone gains, someone else usually loses.
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Post by stockpicker on Feb 11, 2014 15:07:40 GMT 7
People like Dimon and Lloyd Blankfein of JP Morgan and Goldman Sach should watch these movies over and over again to understand what they have done to these homeless kids and provide some helps to them.
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Post by oldman on Sept 7, 2014 6:25:51 GMT 7
Cool!
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Post by zuolun on Nov 21, 2014 13:29:03 GMT 7
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Post by zuolun on Nov 11, 2015 12:32:58 GMT 7
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Post by zuolun on Nov 15, 2015 15:47:31 GMT 7
地产三大亨：6大因素或致2016房价下跌 ~ 14 Nov 2015 60亿日光盘隐藏2016楼市降价危机 ~ 10 Nov 2015 为何说2016年房价将不涨反大跌？ ~ 10 Nov 2015 2016年临沂楼市将陷大萧条危机 安全盘在哪？ ~ 2 Nov 2015 2015年中国60强城市排行榜出炉 哈尔滨三线城市 ~ 4 Nov 2015 China60: From fast growth to smart growth ~ 4 Nov 2015  Economic indicators in 2014 showed that the quality of life in Hong Kong has edged down 12 years or gostan to 2002 ~ 16 Oct 2015  Hong Kong singer, Kenny Bee files for bankruptcy18 July 2002 HONG KONG: Veteran Hong Kong Cantopop singer Kenny Bee has filed for bankruptcy, the highest profile casualty of the territory's crushing economic slowdown to date. Fighting back tears, the man who was once a heart-throb for thousands of teenage girls said the massive debts he had been struggling to pay off in the past few years had proved too much. Bee and his ex-wife Teresa Cheung borrowed heavily to invest in Hong Kong's real estate in the 1990s, but when the property market crashed in 1997, they found themselves saddled with huge debts, a sum newspapers put at HK$250 million (US$32 million). "I have been working very hard to pay my debts but what I owe is tremendous. There's no way I can pay back, so I'm filing for bankruptcy," Bee told a news conference on Wednesday. "The economic situation is very bad. Many people, like me, suffer from negative equity, or are filing for bankruptcy, or may even be bankrupts," said the dashing 49-year-old. Bee refused to say how much he owed, and declined to comment when asked if his estranged socialite former wife would be the one who would have to answer to creditors in the future. He said he did not expect huge changes to his lifestyle as he had been living simply in the past few years. Bee married Cheung after a whirlwind romance in 1988 and they divorced in 1999 when their finances were in tatters. But the singer never really escaped the media glare because of the local paparazzi's obsession with Cheung's dalliances during, and even after their break up. Bee pleaded with the media not to pry into how the lives of their two young children may change after his bankruptcy. "You can chase me, but not my kids. I hope they will grow up as normally as other children," he said. Bee's bankruptcy petition comes just days after Cheung's former boyfriend filed for bankruptcy, and as the number of bankruptcies in Hong Kong hit an all-time high. There were 10,173 bankruptcies in the first six months of the year, surpassing a record 9,151 cases in all of 2001. 钟镇涛破产的理财规划解析2003年04月03日
钟镇涛，49岁，香港演艺圈“大哥大”；其前妻，章小蕙，39岁，从事广告拍摄、时装及设计生意。1996年香港楼市处于顶峰时，当时还是夫妻的他俩，以钟镇涛担保，短期借款1.54亿港元，“炒买”港湾道会景阁4607室等五处豪宅和其他项目。1997年亚洲金融危机，香港楼市下滑，所购各项目大幅度贬值。债权人虽没收这些房产，仍无法偿清债务。由于部分贷款利率高达24%，所余本息现已滚至2.5亿港元。去年7月，法院裁定钟镇涛破产。
明星犯的错误，普通人当然也会犯。目前，国内一些较富裕的人士贷款购置多套房产作为投资。如何避免投资失败对家庭的毁灭性打击，笔者借此个案，有如下分析与建议。
一、急功近利追求暴富，风险容易失控。一般而言，房地产投资不应超过家庭年收入的6至8倍。B仔家庭年收入约1000万港元，显然无法支撑1.5亿港元的房地产投资。正是企图一夜暴富的不良心态，使其失足跌入谷底。相反，较低的盈利，如能长期持续，通过复利的时间效应仍可以积累巨大的财富。万科房地产董事长王石多年前即宣称：获利20%以上的项目不做。这是深得理财法门之语。“留得青山在，不怕没柴烧。”控制风险是理财的基础。目前北京房价位居世界大都市前列，其风险不可小视。
二、过分举债投资低流动性资产，损失难以遏制。借款投资能够放大盈利或亏损，因而更需要投资人准确把握买卖时机。而房地产投资的流动性很差，当价格下跌时，投资人难以“止损”。如果借款占投资绝大部分，当然就容易吞噬掉全部本金。邮币卡等收藏品也同样有流动性差的特点，不宜过分举债投资。
三、消费随意、肆意挥霍，财富不能积累。钟镇涛原本生活简朴，但章小蕙追求顶级时尚，每年仅服装费就达500万港元之巨，带动家庭生活极为奢侈。而近年钟镇涛事业走下坡路，收入渐渐萎缩，又没有其他收入来源。因此做起了这种危险的无本生意。家庭收支应有预算和簿记，便于合理分析控制财务资源。一般家庭金融资产应高于家庭总资产的20%；资产负债率应低于50%；每月各种还贷额应低于收入的40%；同时预留3至12个月的生活费及还贷额。
四、未使用法律手段，责任无法规避。钟镇涛破产的起因是他在借款中为其妻担保。而他又未采用任何婚前婚后的财产分割手续。因此，即便现已离婚，其个人财产仍被追偿。目前在内地，为规避配偶经商风险，可采取的相关风险控制手段包括：婚前财产公证、担保与反担保、通过保险保护财产等。其中，婚前财产公证也可以在婚后进行，可以避免因一方经商失败，导致全军覆灭。
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Post by zuolun on Nov 16, 2015 10:04:02 GMT 7
The world economy: Pulled back in ~ 14 Nov 2015 OCBC joins DBS on FD-linked mortgages ~ 14 Nov 2015 Leading financial experts predict a major global financial crisis within 2 years ~ 13 Nov 2015 US mortgage rates rising in anticipation of Fed hike ~ 12 Nov 2015 With the economy in shambles, more Americans turn to squatting: “Willing to take the risk” ~ 12 Nov 2015 If we don't change the way money is created and distributed, rising inequality will trigger social disorder ~ 12 Nov 2015  'If you don't sell today, by the time you want to sell, the prices could have gone down a lot more.'Will Singapore’s property prices continue falling? ~ 6 Nov 2015 Supply of New Residential United by MND Economist Juliet Schor on inequality & climate crisis ~ 9 Oct 2015 Prices still not going down despite worldwide depressionBy Jannett Lee Fri Aug 28, 2015 8:39 am I have been investing in properties and equities and fixed incomes and even derivatives for many years now. Based on my experience, when the feel-good factor is good, property prices will rise. When the sentiment is bad, property prices will fall. It is never about how high the price is (then it will crash) or how low the price is (then it will recover). It is not so simple as to call what price level is a property bubble, and all those measure like property price to income ratio are just subjective and do not reflect real situation for different families. So, people trying to act smart by calling property bubble and implementing hard-hitting property cooling measures like what Singapore government did is trying to act smart. Because of the property cooling measures (like ABSD, SSD, and too high LTV etc), it causes Singapore property prices (regardless of private properties or HDB resale flats) to stop rising and even falling now (already fallen for the past 7 Quarters and look set to fall again for the 8th Quarters (or 2 years!)) when it should in fact rise. People (like Singapore Government, MAS, MND etc) thought that if property prices did not rise as much, it will not fall as much. However, I can only say this is just wishful thinking. When the global economic recession comes, property prices will always fall as much or even more, depending on the fall in sentiment (and not depend on property price level). So, now many Singapore property owners are in a bing. Because of hard-hitting property cooling measures, they can't sell at a reasonable price. When next property crash comes because of economic recession, property prices will likely drop by almost the same amount, depending on amount of drop in sentiment, regardless of property cooling measures or not or the peak price level. The only consequences is that when sentiment is good, property price can't rise. Property owners can't cash out. When sentiment is bad, property price crash as much and every property owners suffer. Some property owners who can't hold as long may be forced to sell at a loss! I foresee the next property crash coming in around or after 2019, and from now on to 2019, property prices (regardless of HDB resale flats or private properties) will keep falling, especially the OCR private property prices! HDB resale flat prices will not be spared as well! Good luck to all property owners, if you really want to sell your property, you will not profit anyway, not now, and not in future.......... Even removing all Singapore's hit-harding property cooling measures now is also already too late because of the new developments in US and around the world.
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Post by chlio on Nov 16, 2015 10:46:44 GMT 7
Who is this Jannette Lee give lecture when the Queen of Real Estate - Ivy Lee also has fallen victim?
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Post by zuolun on Nov 16, 2015 11:53:33 GMT 7
Who is this Jannette Lee give lecture when the Queen of Real Estate - Ivy Lee also has fallen victim? and Nanz Chong-Komo ~ Both 'Queens' adopted the same business strategy — maximising leverage to an extraordinary level; win big lose big.  |
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