17 March 08
hmm.. I gave cityview a miss last week. Has heard that even queue no close to 3000 was called up, wonder how is the take up rate now?
Anyway there's also some points we don't understand like applicants will not be able to collect their keys if they are unable to fulfill the eligibility conditions or have become ineligible. Means one of eligibility condition is to have under the $8k combined income rule?? Means we cant be promoted or gotta refuse promotion or salary incrememnt during this time? I dislike this $8k rule.. when can it change?
After looking and viewing resale flats for the past two weeks, think cityview 5 room for 700k is not too bad if one can afford. Cause new flats near amk, redhill mrt transacted at more than 600k. Shufu flats agent quote me $850k. Seems that HDB sellers now are getting much better deal than pte owners at this point of time. Telok Blangah flats shouting at much higher COV than any estate now. Belive that ppl who bought Pinnacle @ Duxton (HDB) at $400k, in another 5-8yrs can sure sell for $700k right, cause thats what flats at kim tiam and jalan membina are selling.
Offered two places but got outbidded.. stress, yesterday just offered one..hope this time can get it.
Thursday, March 27, 2008
HDB resale buzz set to continue
HDB resale buzz set to continue
But increasing buyer resistance and and an expected surge in supply may take away some sheen, says EUGENE LIM
HDB resales prices accelerated their climb in the second half of 2007 for a full-year gain of 17.5 per cent, on the back of a strong economy, brighter job prospects and supply-demand factors.
The HDB Resale Price Index (RPI) rose 6.6 per cent in the third quarter and 5.7 per cent in Q4, after 1.3 per cent and 3 per cent increases for the first and second quarters.
The 17.5 per cent jump in resale prices last year was dramatic compared to just 2 per cent in 2006. But it was still much less than the 34.3 per cent surge seen in 1996. At 121.7 points, the RPI at Q4 2007 is just 11 per cent shy of the peak of 136.9 points recorded in Q4 1996. As the economy improved, more buyers were upgrading to larger flats. The government's target for an eventual population of 6.5 million has seen increasing numbers of permanent residents (PRs) in Singapore. The latter typically buy their HDB homes from the resale market as they do not qualify to buy new flats directly from the HDB.
http://forums.condosingapore.com/showthread.php?t=2175
But increasing buyer resistance and and an expected surge in supply may take away some sheen, says EUGENE LIM
HDB resales prices accelerated their climb in the second half of 2007 for a full-year gain of 17.5 per cent, on the back of a strong economy, brighter job prospects and supply-demand factors.
The HDB Resale Price Index (RPI) rose 6.6 per cent in the third quarter and 5.7 per cent in Q4, after 1.3 per cent and 3 per cent increases for the first and second quarters.
The 17.5 per cent jump in resale prices last year was dramatic compared to just 2 per cent in 2006. But it was still much less than the 34.3 per cent surge seen in 1996. At 121.7 points, the RPI at Q4 2007 is just 11 per cent shy of the peak of 136.9 points recorded in Q4 1996. As the economy improved, more buyers were upgrading to larger flats. The government's target for an eventual population of 6.5 million has seen increasing numbers of permanent residents (PRs) in Singapore. The latter typically buy their HDB homes from the resale market as they do not qualify to buy new flats directly from the HDB.
http://forums.condosingapore.com/showthread.php?t=2175
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