To sell or not to sell our pty

[verykiasu2010]

The Straits Times

http://www.straitstimes.com
Published on Oct 17, 2011

HDB upgraders setting pace in private property market


New private home sales surged 21 per cent with 1,631 homes finding buyers last month. This is more than the 1,351 units sold in August. Including executive condominium units, the number swelled to 2,064 units.

Mr Li Hiaw Ho, executive director of CBRE Research, said the high September volume was mainly supported by mass-market and upgrader-type projects, with a total of 433 executive condominium (EC) units sold in September, compared to 290 in August.

'It is likely that the latest Government move to raise the household income ceiling for EC buyers from $10,000 to $12,000 per month has given a boost to the sales momentum,' he added.

Arc At Tampines, the first EC project launched after the announcement, registered 233 units sold at a median price of $734 per sq ft (psf). RiverParc Residence in Punggol sold another 90 units ($685 psf) in addition to the 393 already sold, while Blossom Residences in Bukit Panjang sold 52 units at $706 psf on top of the 361 units sold earlier.
Copyright 2011 Singapore Press Holdings. All rights reserved.

[peapot]

It’s true alot of people I know is selling now and renting till prices drop. When I m old, I will buy a HDB to stay. As of now, I find my Hse too big for my family. I have 5 bedrooms, 5 toilets, 1 roof terrace, 1 dry kitchen, 1 wet kitchen and only 3 of us in the Hse. When my husband is overseas, worst! I will be alone.

[verykiasu2010]

peapot:

It's true alot of people I know is selling now and renting till prices drop. When I m old, I will buy a HDB to stay. As of now, I find my Hse too big for my family. I have 5 bedrooms, 5 toilets, 1 roof terrace, 1 dry kitchen, 1 wet kitchen and only 3 of us in the Hse. When my husband is overseas, worst! I will be alone.

when your husband is overseas he brings the kid along ?

if i were you, i would rent out the house and rent a condo to stay, the rental difference would be extra income to pay for living expenses

[dicky]

Think she meant no kids but the maid…

[verykiasu2010]

dicky:

Think she meant no kids but the maid....

o i c, lucky i din say bring the maid along ......

[peapot]

No lah, I have a gal.

[verykiasu2010]

peapot:

No lah, I have a gal.

was wondering if no kids then why at this forum .... not impossible but it takes a real kaypoh without kids to be in this forum :evil: :evil:

[peapot]

I wish I was Kaypoh and can talk more. I have been posting like mad for the past few days to chalk up my points. Alas, still a black belt.


I was just trying to test out how to be like other member whose point can sky rocket within a short span of time. Normally I am not so talkative.

[dicky]

Why not? The kids grown up and flown the nest…


Black belt good achievement though, most not even blue or green belt…

[cherrygal]

peapot:

It's true alot of people I know is selling now and renting till prices drop.

That's a risk to take actually. You never know if prices will go higher and you will then be stuck in a lower end house. I know of pple who sold a 3600sqft semi-d in the north for $1.5m three years back, thinking that was the highest it would go. They then bought a HDB flat in the hope that when prices come down, they would re-enter the landed property market. Their old semi-d is now going for >$3m. He ended up re-investing his money in a small condo in the east since he knew that landed property is now a far-fetched dream.

Best thing to do now is to pay off your current home loan which you have bought at a low price, then wait for prices to fall before you get your second or third property.