<![CDATA[Property Views]]>I must say that for most of the people, property would likely be the biggest investment in our lifetime…I really hope that my kids will have some basic knowledge of property when they grow up…


1. Basic terms used like option fee, cooling period, exercise date, exercise fee, NS facing, etc. What is tax levy? What is additional CPF grant? HDB do conduct resale seminar to educate the public on some basic terms…

2. When to use our HLE (HDB Loan)?
We are allowed to use 2 times of HDB loan for the purchase of HDB flats, of course combined income less than 8K. In my view, most people will use their 1st HLE when they purchase their 1st HDB flat together with CPF grant. So basically left with one last time to be used. If the 2nd flat is only for short term stay (a few years), I would use bank loan. Always use the last HDB loan for the last HDB flat because chances are the repayment period is the most stretched.

3. What happen if we got retrenched?
When buying any flat, in my view, set aside at least 18 months of repayment amount, and park in any other form of investments before HDB drain out all our CPF. In case of any retrenchment to either one party, presume hubby & wife earn about the same pay, the 18 months amount can be transferred back to our OA account, can last for 36 months because the other party is still working. After 36 months, already fulfilled the Minimum Occupation Period, can sell the flat and think of other alternatives.

4. Try to pay more downpayment when purchasing a flat because chances the interest is about half of the loan amount. Thats why for the first few years, most of it will go to the interest. After paying for few years, the principal dun reduce a lot.

5. In my view, if possible, I will stay in a HDB flat as big as I can afford if I am using HDB loan as long as every month I dun need to fork out cash to service the loan. Reason is because I know I will not have a lot of CPF to withdraw at the age of 55, after setting aside the minimum sum, so how to retire? For example, If I stay in a Executive Apartment as compared to 4 room, I will sell my EA and downgrade to 3 room (fully paid), since left with two old folks (we), children married liao. The sales proceeds can be part of our retirement needs, or children education, children housing etc. Seriously our pay will never catch up with the rise in property, so the best way to hedge against inflation is property. If I stay 4 room or smaller flats, the sale proceeds may not be enough for my old age…

6. If we need to sell our flat, please take note to sell before age 55 because after 55, the sales proceeds will become part of our minimum sum. So we may have problems buying the next flat.

7. When using Bank Loan, need to take note of 2 limits, namely valuation limit & withdrawal limit. When these limits are reached, we have to use CASH to service our repayments if CPF can’t set aside the minimum cash component required! Imagine have to use cash to service! How many people can tahan? Can find out more from the CPF website for greater details…HDB loan not affected hor…But of course, before both limits reached, we would have sold our flat…Generally most people dun stay in same flat for >20 years nowadays. How soon the limit will reach depends on downpayment, valuation etc.

I read in the forum regarding $1.38 EC at Yishun, my views as follow:

Is it expensive? the apartment area is 2088 sq feet, meaning that psf is around $661 psf. Is it reasonable? My view is quite reasonable! Because mass market condo is selling around $1000 psf now, so EC is around 20-30% cheaper, EC will sell around $600-$700psf now.

But is it reasonable to buy with combined income of 10K? It really dun make sense. If hubby & wife earn 5k each, take home is $8.2k. (income ceiling is 4.5k each.)

Valuation $1.38m
20% downpayment $276,000
Loan abt $1.1m
monthly loan for 30 years 4.4k (using HDB benchmark 2.6% )
bank loan is much lower now, but it’s already so low, how low will it go? the next direction is UP UP UP)
nett pay 8.2k
monthly CPF OA combined only ($2070)
cash payable monthly is abt $2330

balance around 6k, must pay for
car abt $1500 (loan, petrol, parking, servicing etc)
insurance whole family $1000
maid $600
parents $500-$1000
Groceries $500
condo maintenance $300
kids enrichment (2kids) $500-$1000
Travelling ???
HP ???
Miscellanous ???

Seriously I think very very tight…

For info, there is another EC which is more expensive? Where? Bishan LOFT.

Based on caveat lodged recently, average selling price is $820 psf although highest is $892 psf. Based on area of 2088 sq feet, the price will be $1.71m for a 6 years resale EC… Imagine that! How to buy with combined income 10K!!!

All the above is only my views, different scenarios will affect differently in terms of decision made…I am not a expert in this field, just a ordinary man in the street…

Thank you for bearing with me for the past 10 mins hor, sometimes I quite lo so…Goodnite!

]]>https://forum.kiasuparents.com/topic/13475/property-viewsRSS for NodeThu, 30 Apr 2026 01:48:55 GMTSat, 28 Aug 2010 15:04:26 GMT60<![CDATA[Reply to Property Views on Fri, 05 Apr 2024 02:31:12 GMT]]>https://www.straitstimes.com/business/cdl-joint-venture-bids-1106-billion-for-zion-road-gls-site-but-analysts-say-it-is-below-expectations


“ analysts say this lone bid for Zion Road parcel A, which reflects a land rate of $1,202 per sq ft per plot ratio (psf ppr), is below market expectations and shows CDL’s cautious stance…”

In year 2020, CDL paid $1,515 PSF PPR for a plot of land where the project, Irwell Bank is currently being constructed, which is diagonally across the above Zion Road plot.

In just 4years, the land price dropped around 20%? Wonder why HDB resale is still continuing to break record high prices. It is not a normal situation, mispricing somewhere in the property market….

]]>https://forum.kiasuparents.com/post/2132046https://forum.kiasuparents.com/post/2132046Fri, 05 Apr 2024 02:31:12 GMT<![CDATA[Reply to Property Views on Sun, 17 Mar 2024 08:20:38 GMT]]>

Coolkidsrock2\" post_id=\"2130808\" time=\"1710649379\" user_id=\"48901:

Cuscaden Reserve sells 45 units by private placement; prices from $2,823 psf

https://www.google.com/amp/s/www.edgeprop.sg/amp/property-news/cuscaden-reserve-sells-45-units-private-placement-prices-2823-psf
Very encouraging figures! $2,823 PSF is a good buy for today’s market!! It shows if pricing is reasonable, there will be buyers waiting to enter the market.

More than 80 cheques collected over the weekend, only 45 went through. Maybe some buyers put up even lower offers and got rejected by developers?

Personally I feel that it’s better than spending $$2400-$2500psf for those 99yr Lentor condos last year.

The piece of land opposite Cuscaden Reserve was sold $1616 psf ppr under GLS. There is a risk the opening price of the new project maybe lower than $2823psf depending on the economical situation in the near future.

]]>https://forum.kiasuparents.com/post/2130811https://forum.kiasuparents.com/post/2130811Sun, 17 Mar 2024 08:20:38 GMT<![CDATA[Reply to Property Views on Sun, 17 Mar 2024 04:22:59 GMT]]>

lee_yl\" post_id=\"2130487\" time=\"1709952019\" user_id=\"17023:

https://www.straitstimes.com/business/cuscaden-reserve-gets-absd-deadline-extension-relaunch-prices-start-at-2900-psf

I thought property market might drop by 20% if the poor economic times persist for the next few years. Did not expect 20% price slash come so soon.

This shows the property cooling measures are working.
Cuscaden Reserve sells 45 units by private placement; prices from $2,823 psf

https://www.google.com/amp/s/www.edgeprop.sg/amp/property-news/cuscaden-reserve-sells-45-units-private-placement-prices-2823-psf

]]>https://forum.kiasuparents.com/post/2130808https://forum.kiasuparents.com/post/2130808Sun, 17 Mar 2024 04:22:59 GMT<![CDATA[Reply to Property Views on Sat, 09 Mar 2024 04:04:16 GMT]]>

doodbug\" post_id=\"2130500\" time=\"1709955606\" user_id=\"13281:

I probably committed at a wrong timing (2023).

But we just have to make a decision that meets the family's needs at that point in time. Not possible to always catch the market or maximize returns....
There is no right or wrong timing.
I bought mine at a high price too but we need it at that time. As long as we are not flipping the ppty, who cares whether the place we are living worth x mil or ZERO.

]]>https://forum.kiasuparents.com/post/2130504https://forum.kiasuparents.com/post/2130504Sat, 09 Mar 2024 04:04:16 GMT<![CDATA[Reply to Property Views on Sat, 09 Mar 2024 03:52:22 GMT]]>Calling price and transacted price are not same…maybe some trying to call for higher price then drop it to a more realistic price, we don’t know also.

]]>https://forum.kiasuparents.com/post/2130502https://forum.kiasuparents.com/post/2130502Sat, 09 Mar 2024 03:52:22 GMT<![CDATA[Reply to Property Views on Sat, 09 Mar 2024 03:40:06 GMT]]>I probably committed at a wrong timing (2023).


But we just have to make a decision that meets the family’s needs at that point in time. Not possible to always catch the market or maximize returns…

]]>https://forum.kiasuparents.com/post/2130500https://forum.kiasuparents.com/post/2130500Sat, 09 Mar 2024 03:40:06 GMT<![CDATA[Reply to Property Views on Sat, 09 Mar 2024 03:03:59 GMT]]>My friend been looking for landed since last yr and committed recently. She says ‘suddenly’ like $500k cheaper?

]]>https://forum.kiasuparents.com/post/2130495https://forum.kiasuparents.com/post/2130495Sat, 09 Mar 2024 03:03:59 GMT<![CDATA[Reply to Property Views on Sat, 09 Mar 2024 02:40:19 GMT]]>https://www.straitstimes.com/business/cuscaden-reserve-gets-absd-deadline-extension-relaunch-prices-start-at-2900-psf


I thought property market might drop by 20% if the poor economic times persist for the next few years. Did not expect 20% price slash come so soon.

This shows the property cooling measures are working.

]]>https://forum.kiasuparents.com/post/2130487https://forum.kiasuparents.com/post/2130487Sat, 09 Mar 2024 02:40:19 GMT<![CDATA[Reply to Property Views on Tue, 20 Feb 2024 06:29:43 GMT]]>Are there units, preferably FH, with 1 br or 1br + study and w/o a balcony?

]]>https://forum.kiasuparents.com/post/2129489https://forum.kiasuparents.com/post/2129489Tue, 20 Feb 2024 06:29:43 GMT<![CDATA[Reply to Property Views on Mon, 19 Feb 2024 09:00:57 GMT]]>How this young Singaporean investor bought 2 million-dollar condos by the age of 24


https://sg.finance.yahoo.com/news/how-this-young-singaporean-investor-bought-2-million-dollar-condos-by-the-age-of-24-090913666.html

]]>https://forum.kiasuparents.com/post/2129396https://forum.kiasuparents.com/post/2129396Mon, 19 Feb 2024 09:00:57 GMT<![CDATA[Reply to Property Views on Mon, 06 Nov 2023 10:28:09 GMT]]>

LydiaBryanTuition\" post_id=\"2121872\" time=\"1698901044\" user_id=\"203208:

any good properties to invest lately?
https://www.investasian.com/country-guides/invest-singapore-property/

]]>https://forum.kiasuparents.com/post/2122200https://forum.kiasuparents.com/post/2122200Mon, 06 Nov 2023 10:28:09 GMT<![CDATA[Reply to Property Views on Thu, 02 Nov 2023 04:57:24 GMT]]>any good properties to invest lately?

]]>https://forum.kiasuparents.com/post/2121872https://forum.kiasuparents.com/post/2121872Thu, 02 Nov 2023 04:57:24 GMT<![CDATA[Reply to Property Views on Thu, 10 Aug 2023 03:06:21 GMT]]>

lee_yl\" post_id=\"2115973\" time=\"1691633272\" user_id=\"17023:

Quote from article :: The preference for a new condo or EC is likely because 84% of Singaporeans believe that its value will “generally appreciate at a faster pace compared to that of older resale properties over time.”

According to the survey, buyers don’t mind paying up till $2500 PSF and they believe that new condos or EC will appreciate faster than resale units. How much profits are the new units buyers looking at? To sell at $3000 psf or $3500 psf? They may overlook the fact that there are older resale around the neighborhood only asking $1500 psf. I have also seen some condo launched at sky high prices 10yrs ago and today still trying to sell around the launch price. Got stuck.
to buy at $2500 is rather high already ,selling near $3k psf is too much . lets say we talking abt a typical 3br 1000sqf .. 3mil just for a private flat only . there are rich sg, but still alot of normal Sg who make up majority ..

]]>https://forum.kiasuparents.com/post/2115977https://forum.kiasuparents.com/post/2115977Thu, 10 Aug 2023 03:06:21 GMT<![CDATA[Reply to Property Views on Thu, 10 Aug 2023 02:07:52 GMT]]>

Coolkidsrock2\" post_id=\"2115964\" time=\"1691619304\" user_id=\"48901:

Singaporeans unveil home-buying preferences

https://www.msn.com/en-sg/news/other/singaporeans-unveil-home-buying-preferences/ar-AA1eYFDl?ocid=hpmsn&cvid=520db700acfd4b0fb87b35354854b694&ei=31
Quote from article :: The preference for a new condo or EC is likely because 84% of Singaporeans believe that its value will “generally appreciate at a faster pace compared to that of older resale properties over time.”

According to the survey, buyers don’t mind paying up till $2500 PSF and they believe that new condos or EC will appreciate faster than resale units. How much profits are the new units buyers looking at? To sell at $3000 psf or $3500 psf? They may overlook the fact that there are older resale around the neighborhood only asking $1500 psf. I have also seen some condo launched at sky high prices 10yrs ago and today still trying to sell around the launch price. Got stuck.

]]>https://forum.kiasuparents.com/post/2115973https://forum.kiasuparents.com/post/2115973Thu, 10 Aug 2023 02:07:52 GMT<![CDATA[Reply to Property Views on Thu, 10 Aug 2023 01:14:02 GMT]]>

starlight1968sg\" post_id=\"2115944\" time=\"1691562365\" user_id=\"14025:

yes, accumulate plus compounding ...
i think i read before in social media, a Jap lady who spend a certain small amt daily to save up to a millionaire (hard cash) in her early 40s (eat simple bread, rice etc) , simple life style - it all depends on what make us happy, fulfilled, satisfied & maybe many more other reasons for some people. Thankfully,I am blessed ,contented and grateful with what we have now 😂

]]>https://forum.kiasuparents.com/post/2115968https://forum.kiasuparents.com/post/2115968Thu, 10 Aug 2023 01:14:02 GMT<![CDATA[Reply to Property Views on Wed, 09 Aug 2023 22:15:04 GMT]]>Singaporeans unveil home-buying preferences


https://www.msn.com/en-sg/news/other/singaporeans-unveil-home-buying-preferences/ar-AA1eYFDl?ocid=hpmsn&cvid=520db700acfd4b0fb87b35354854b694&ei=31

]]>https://forum.kiasuparents.com/post/2115964https://forum.kiasuparents.com/post/2115964Wed, 09 Aug 2023 22:15:04 GMT<![CDATA[Reply to Property Views on Wed, 09 Aug 2023 06:26:05 GMT]]>

MrsKiasu\" post_id=\"2115943\" time=\"1691561557\" user_id=\"43981:

LNW, come in here read..save $1 can become rich de 😂
yes, accumulate plus compounding ...

]]>https://forum.kiasuparents.com/post/2115944https://forum.kiasuparents.com/post/2115944Wed, 09 Aug 2023 06:26:05 GMT<![CDATA[Reply to Property Views on Wed, 09 Aug 2023 06:12:37 GMT]]>LNW, come in here read..save $1 can become rich de 😂

]]>https://forum.kiasuparents.com/post/2115943https://forum.kiasuparents.com/post/2115943Wed, 09 Aug 2023 06:12:37 GMT<![CDATA[Reply to Property Views on Wed, 09 Aug 2023 05:33:50 GMT]]>This lady shared in her video that it all began with a goal in 2021 to buy her own condo before the age of 24 :


https://mothership.sg/2023/08/woman-23-buy-own-condo-serangoon/?fbclid=IwAR1H7VNt6kViWSlo7Jqc-FMbyLCtSiTeu7nAIAIG625BVKWXuQzcy9X6p6c

]]>https://forum.kiasuparents.com/post/2115940https://forum.kiasuparents.com/post/2115940Wed, 09 Aug 2023 05:33:50 GMT<![CDATA[Reply to Property Views on Wed, 09 Aug 2023 03:23:25 GMT]]>

doodbug\" post_id=\"2115905\" time=\"1691508568\" user_id=\"13281:

Ultimately, BTO is subsidised public housing. I don't see why the playing field needs to be levelled with pte property buyers who don't receive a subsidy. Similarly, you can't decouple for HDB flats if you did not do so at the onset - you can decouple any time for pte property. Different rules apply for different types of housing.
Can do away with the need for a level playing field but the opportunity cost for HDB buyers is very real. No wonder the rich (and their offspring) gets richer with the shortened cycle of buying and selling private properties.

If the govt policy is to prevent flipping, then tighten the rules to be more stringent. Like what MKS proposed, SSD could start from the condo’s TOP. This will at least temper expectations and investors will weigh the risks. Just tweak the SSD a bit, no more buyer will rush to buy new launches at $2K+ psf in ulu locations.

]]>https://forum.kiasuparents.com/post/2115933https://forum.kiasuparents.com/post/2115933Wed, 09 Aug 2023 03:23:25 GMT<![CDATA[Reply to Property Views on Tue, 08 Aug 2023 15:29:28 GMT]]>Ultimately, BTO is subsidised public housing. I don’t see why the playing field needs to be levelled with pte property buyers who don’t receive a subsidy. Similarly, you can’t decouple for HDB flats if you did not do so at the onset - you can decouple any time for pte property. Different rules apply for different types of housing.

]]>https://forum.kiasuparents.com/post/2115905https://forum.kiasuparents.com/post/2115905Tue, 08 Aug 2023 15:29:28 GMT<![CDATA[Reply to Property Views on Tue, 08 Aug 2023 15:10:51 GMT]]>

doodbug\" post_id=\"2115881\" time=\"1691479282\" user_id=\"13281:

Is there a concept of OTP for BTO? I don't think so. There are couples who break up, forfeit BTOs etc after booking. Stamp duty is on the concept of ownership, not occupation.
I am not familiar with terms in HDB as I have never applied for BTO before. BTO also need to pay option fees, right?

For private property owner, SSD starts when buyers exercise the OTP. So effectively, a buyer can sell the unit even before construction is complete, without having to incur any penalty.

On the other hand, HDB BTO owners have to occupy the new flat for 5yrs before they are eligible to sell. Taking into account the long construction period say 4yrs+, with another 5yrs of MOP, that means BTOs owners suffer an opportunity cost of 9yrs+!

It’s not about the technical terms lah. It is about asking for a level playing field for both private property and BTO buyers.

]]>https://forum.kiasuparents.com/post/2115903https://forum.kiasuparents.com/post/2115903Tue, 08 Aug 2023 15:10:51 GMT<![CDATA[Reply to Property Views on Tue, 08 Aug 2023 08:53:59 GMT]]>

doodbug\" post_id=\"2115893\" time=\"1691484312\" user_id=\"13281:

I don't have guts to visit showrooms...Will kena pestered or sweet talked to buy or not? Lol 🙂
dh will \"entertain\" the salespersons; dd and I just walked around 😉

]]>https://forum.kiasuparents.com/post/2115895https://forum.kiasuparents.com/post/2115895Tue, 08 Aug 2023 08:53:59 GMT<![CDATA[Reply to Property Views on Tue, 08 Aug 2023 08:45:12 GMT]]>

starlight1968sg\" post_id=\"2115890\" time=\"1691483965\" user_id=\"14025:

Hmm... I dont have the guts and deep pockets for properties. I do like to visit showflats and imagine if I were living in these beautiful units 🙂
I don't have guts to visit showrooms...Will kena pestered or sweet talked to buy or not? Lol 🙂

]]>https://forum.kiasuparents.com/post/2115893https://forum.kiasuparents.com/post/2115893Tue, 08 Aug 2023 08:45:12 GMT