HK property price will fall..as well

[Leavage or Cleavage?]

I actually prefer cleavage..... can or not? 

[RY]

You are so wrong. Singapore property investment is like any other investment. Market timing is the MOST important. Not location. Sweep in at the right time and you will make money. For instance, at this juncture, it would be more risky to buy a river valley property than mass market.

Incidentally, my friend who lives in river valley and take public transport (bus since no MRT) takes 45 min to get to work in Suntec. Totally not worth the premium. The $500k saved can be used for many other purposes and pursue your other interest.

I said very close to Castle Green prices. castle Green is in the region of 580-600psf. But this condo is within walking distance to MRT unlike the AMK DBSS. The MRT alone is worth the 15-20% premium. Even though 10 yearsl old it is still a condo built on a large plot and full facilities unlike HDB. At the older condos you can park 2-3 cars but have to pay more at HDB thus negating the maintenance fees payable for pte condos.For below 500psf one can easily find condos in Yishun - some of which are located just as conveniently - 15 minutes drive to Orchard during off-peak and near MRT. So those paying 500psf for DBSS HDBs are FOOLs.

i have to agree with this poster.. i mean nearly $700k for a HDB? and you cant even rent it out in the first 5 years! so its more a liability than an asset..

if it were me, i rather buy a unit further away like in sengkang or punggol and save the $300-$400k, and use it to invest in equities or even just bonds.. is it worth $300k-$400k just to save 30mins of travel time a day? $300k @ 4% return is $12k per annum.. even if you take taxi everyday (incl weekends), $30 round trip, for a grand total $11k per annum of you wouldnt be able to spend down the principle.. 

Ha ha, then property is definately not for you. Property is simple, 3 rules, location, location & location. If I can choose between a 700K freehold studio in river valley or a 3 bedroom leashold condo next to admiralty MRT for 700K then the studio would have outperformed in returns.
Shares, yes, I also like but are not so transparent. Only the big playes got the inside story. Hard for individual to make money. I can leverage property easier and 10% asset gain on 1mil is better than 10% gain on a crappy 300K condo where you have to spent lots of dough on Taxi. If you think like this you will have to work hard till you are 65. Good luck

[agent x]

You are so wrong. Singapore property investment is like any other investment. Market timing is the MOST important. Not location. Sweep in at the right time and you will make money. For instance, at this juncture, it would be more risky to buy a river valley property than mass market.

Incidentally, my friend who lives in river valley and take public transport (bus since no MRT) takes 45 min to get to work in Suntec. Totally not worth the premium. The $500k saved can be used for many other purposes and pursue your other interest.

Ok, some good points. Historically the prime properties have outperformed suburban properties, not just in S'pore but around the world. Only recently in sg you see the effects of the govt inflation control technique by opening up the borders to allow foreign workers in en masse to cool wage growth coupled with lack of new supply in the heartlands. Sooner or later this effect will correct itself again in favor of the prime market.


Well, that shows that people want to live in River valley despite long commutes. I rented a studio in RV to a chap working in AMK