Which location to buy?

[Tweety bird]

Good luck.  On your low budget at todays rising prices you would be looking at resale HDB only or older 99 yr condos with short remaining leasehold.   

Bishan/Ang Mo Kio/Toa Payoh HDB's are nice established estates.  You would get a 5 room there for around 500k to 700k.

Dont you realise that HDB's in some areas are now selling at over 1 million ?

Since when HDBs are selling for over $1,000,000???. The highest price ever reached for an HDB flat was in the range of $750K in Tiong Bahru area (1 single transaction).

OP: You can still get good properties for your budget and below, but you might have to pick them from older estates.

[Kubess.g]

That sounds funny now!

[humfffrey]

Yeah, they will be tripping over themselves to sell now.

[Local Sing]

Many people expect prices to fall due to the coming economic downturn.

However, I expect this downturn to be an inflationary recession/depression; meaning high global unemployment and high prices of goods/services.
(Go to peter schiffs website and he'll explain why in detail).

This is due to central bank actions that are unprecedented in recent history. Both the Fed and ECB are printing massive amounts of money and pumping it into the financial system, and ensuring prolonged low interest rates.

Just look at the prices of oil/silver/gold/food etc...; everything is near record highs. This is a sign that fiat currency is being debased and will continue to be debased. And these high prices are sustained even at the current state of the global economy.

What this means is that Savers are screwed and borrowers are the winners as the value to the debts are inflated away, vice versa savers.

Property is no different, unless something disastrous happens to the entire country and everyone wants to leave; like maybe a war breaking out.
Property is the only asset that allows you to borrow cheap money indirectly from the Fed.

Thats why I believe high prices are here to stay; its not that I like it, I'm just realistic and understand how the game of banking is being played. Heads the bank wins; Tails and they also win!

[sentosamanjames]

There are many HDBs selling near 1 million dollars, in Marine Parade, Bishan, Queenstown, Dhoby Ghaut etc.

[Huge potential Geylang]

Invest in Geylang. For long term. Once they clean up the place, as they must one day, maybe a couple of years time, the price there will quadrupled. It's so conveniently located and it's a historical picturesque area. Go there and take long walks, cover the breadth and length of Geylang and see and judge for yourself. Also with the National Stadium and the Paya Lebar hub coming up at both corners of Geylang, it will be a sought after place.

[Youre talking Kack]

Geylang is and always will be a red light/gangster district, full of hoookers, pimps, gangsters, loan sharks and their thugs.  It may be a great location in terms of accessibility etc, but it will always be Geylang. Its a nice fantasy to think that it will be like any other area one day but unfortunately it will alway be Geylang.  Prices have always been low and property has always been harder to sell on. Hardly a place you would say is an ideal family environment.

[Where were you?]

Geylang is and always will be a red light/gangster district, full of hoookers, pimps, gangsters, loan sharks and their thugs.  It may be a great location in terms of accessibility etc, but it will always be Geylang. Its a nice fantasy to think that it will be like any other area one day but unfortunately it will alway be Geylang.  Prices have always been low and property has always been harder to sell on. Hardly a place you would say is an ideal family environment.

What was Telok Kurau 30 years ago, the lanes and roads off Tanjong Katong Road, Tanjong Pagar, Johore Road?  Pity you could not join us on our outings those days. Ask those above fifty. Haha. Only Desker Road could claim some permanence. In any case, investors who have taken those shop houses along Desker Road some years back are happy now. Take a closer look at Geylang if you want to double your money.

[dumband?]

Geylang is and always will be a red light/gangster district, full of hoookers, pimps, gangsters, loan sharks and their thugs.  It may be a great location in terms of accessibility etc, but it will always be Geylang. Its a nice fantasy to think that it will be like any other area one day but unfortunately it will alway be Geylang.  Prices have always been low and property has always been harder to sell on. Hardly a place you would say is an ideal family environment.

What was Telok Kurau 30 years ago, the lanes and roads off Tanjong Katong Road, Tanjong Pagar, Johore Road?  Pity you could not join us on our outings those days. Ask those above fifty. Haha. Only Desker Road could claim some permanence. In any case, investors who have taken those shop houses along Desker Road some years back are happy now. Take a closer look at Geylang if you want to double your money.

Geylang is a legal red light district. All those whorehouses have licenses from the police. Each legal prostitute is reviewed and controlled by the police as well. Unless the Coppers decide that Geylang should no longer be a red light district and take away their licenses, it will always be seedy and filled with shady characters, as well as illegal streetwalkers, etc.

[not going to happen]

Invest in Geylang. For long term. Once they clean up the place, as they must one day, maybe a couple of years time, the price there will quadrupled. It's so conveniently located and it's a historical picturesque area. Go there and take long walks, cover the breadth and length of Geylang and see and judge for yourself. Also with the National Stadium and the Paya Lebar hub coming up at both corners of Geylang, it will be a sought after place.

It's a well known fact that geylang is the legal redlight district. If they close it down, it will have to move somewhere else. Please let me know which part of Singapore is going to accept the transplant..............

thought so.

& no they won't be getting rid of legalised prostitution anytime soon - why do you think they allow it in the first place? Have the reasons changed?

[local sing]

Invest in Geylang. For long term. Once they clean up the place, as they must one day, maybe a couple of years time, the price there will quadrupled. It's so conveniently located and it's a historical picturesque area. Go there and take long walks, cover the breadth and length of Geylang and see and judge for yourself. Also with the National Stadium and the Paya Lebar hub coming up at both corners of Geylang, it will be a sought after place.

It's a well known fact that geylang is the legal redlight district. If they close it down, it will have to move somewhere else. Please let me know which part of Singapore is going to accept the transplant..............

thought so.

& no they won't be getting rid of legalised prostitution anytime soon - why do you think they allow it in the first place? Have the reasons changed?

They'll move it north, closer to JB malaysia.

If you're not simgaporean, you'll not realise how fast the spore gov can get things done.
With the sports hub coming soon and its proximity to the IR/marina bay; the land is too valuable.
When the Gov says move; the pimps will have no choice!

[local sing]

Geylang is and always will be a red light/gangster district, full of hoookers, pimps, gangsters, loan sharks and their thugs.  It may be a great location in terms of accessibility etc, but it will always be Geylang. Its a nice fantasy to think that it will be like any other area one day but unfortunately it will alway be Geylang.  Prices have always been low and property has always been harder to sell on. Hardly a place you would say is an ideal family environment.

What was Telok Kurau 30 years ago, the lanes and roads off Tanjong Katong Road, Tanjong Pagar, Johore Road?  Pity you could not join us on our outings those days. Ask those above fifty. Haha. Only Desker Road could claim some permanence. In any case, investors who have taken those shop houses along Desker Road some years back are happy now. Take a closer look at Geylang if you want to double your money.

Geylang is a legal red light district. All those whorehouses have licenses from the police. Each legal prostitute is reviewed and controlled by the police as well. Unless the Coppers decide that Geylang should no longer be a red light district and take away their licenses, it will always be seedy and filled with shady characters, as well as illegal streetwalkers, etc.

What you've described was also chinatown a few decades ago; until the police came down hard on the gangsters. No need for warrants/court orders etc... like in the west.
Those gangsters dont exist anymore; now the only fight over silly matters like staring/stealing girlfriend etc..

The only reason why gelang exists is bcos the authorities allow it to.

I hear another 2 more IRs will be opened to compete with LV/Macau; due to the enormous success of the Marina Bay Sands. They will open it close to Resorts world and MR forming a strip of casinos like the LV/Cotai strip.

The entire East Coast Park/Sports hub/Gardens by the bay/MR Sands/Sentosa will form one long entertainment area. And yes, the Port of Singapore will have to move as well to free up the land and free the area of big trucks and trailers.

Moving Geylang is peanuts!

[dodgy neighbourhood]

someone's obviously bought something from an agent who told him a long story.......

one born every minute 

[local Sing]

someone's obviously bought something from an agent who told him a long story.......

one born every minute 

wrong you idiot!

I do my own research.

I'm invested elsewhere.

But Geylang is in within my crosshairs.

[Future Geylang]

someone's obviously bought something from an agent who told him a long story.......

one born every minute 

Investing takes some thinking and evaluating. Minus those activities, Geylang will be worth much much more. Things can move very quickly in Singapore. All you need is to uproot the activities. Maybe transfer to multi storey set-up (haha) in less central and cheaper location. No need for any agent to convince you. With the National Stadium and Paya Lebar hub coming up and the plans for the Geylang surroundings and East Coast stretch, the fleshy activities ( confined to some lorongs
only, many are clean now ) will be out of place and will attract intervention. The investors of the new launches in Geylang, and it's not that cheap now,  have done their careful calculations. Early bird catches the worm.