@@cathhl2440 we will have people, but not local. Foreigners convert PR or citizen den can keep the demand steady. If somehow we don’t stay competitive / attractive, there will be a drop demand for foreigners coming to sg to work. Den in turn drop in PR applications / citizen, den overall demand for housing drop. BTO are always kept affordable; but resale value in 10-20 years gonna drop or stagnant (considering inflation). Hmmm
@@mjmf1430 with lesser locals, the demand will still drop. Buying hdb requirements. The population can only grow that much given the limited land size of sg
i finally cashed out (almost all) from my Endowus CPF Lion Global Infinity S&P to pay for my 2nd condo. Its been a good ride since 2023 March. Gains of $190k 😊. @Mr Loo - thanks for the Endowus Lion infinity recommendation last year. Now onwards to condo gains.😊
Property market looks topish. Those who bought 99 year leasehold new launches to flip for a quick $100k to $200k profit appear increasingly anxious that there are no buyers for their unit at the price they want to sell. Rather than cut loss, many will most likely end up bagholding the unit. This will limit the amount market can go down. The longer they are stuck, the more difficult it will be for them due to lease decay. Market is hetrogenous and the price decline will not be uniform. As with previous down cycles, there will be a reversion to mean. The older units which did not run up so much will see the least decline. The new launches and HDB with record resale psf will see the biggest drops.
Sorry to burst yr bubble but Mr Dragon didnt say that if there is only 35 years lease left, the value will decrease.....& young couples cannot buy super old flats becos they will outlive the age of the flat.....+ the mission of HDB is to provide an affordable roof over our heads, not profit
Buy old 3room HDB the best, just rent out room for first 5 year.after mop rent out in full. The return is better than any investment product. I mean no take loan lar, can squeeze price for those less than 50 year lease left.
😂 but many can afford to buy those 1m hdb, mean Singaporeans are rich! If u cannot afford then buy 2 room BTO lor. My advice to u is work harder, every where in SG is gold.
@@1965Singaporean These days there is even grant for resale flat a couple can get up to S$190K grant to buy resales flat. Government should end it so as to stabilize resale market.
S & P 500 is all time high plus (rise forever!) Exhuberence in the our local hdb markets! High high to the sky! Nothing gonna stop the very steep prices. Pump the Prices of HDB. Pump harder the inflation rate. Pump hardest for the S & P 500! Prices gonna stay higher & high. There is no respite! PUMP!
Mainland and HK Chinese have long been multimillionaires as most of the prices of their residential properties are normally more than 2 million for floor area of 100 square meters or above.
Very good information though it is likely a mixture of good and bad news depends on individuals. Not sure when will this bubble be ended. Certainly not wait until the next generation with more inherited housing and people might have to "sell" them that could lower the price.
What goes up will come down, congrats to those who have cashed out at the top. With "influencers agents" promoting the leveraged plays, price have escalated in a rocket trajectory. DYOR. Good luck to those who are still getting on the train at this time. when it turns, hopefully you will not be the bag holders. agents and "influencers" wont be the one holding.
As a parents, if u are fair n wise, ur kids will not have to fights over ur estate when u pass on, i rather my other siblings who need it more to benefits from my parents estate, after all its their $ their choice to give to whom they like, we juz have to move on in life, 😊
@@PeterLeo-m6wvery noble of u, I guessed u r in a better financial position than your siblings but most would love to hv a piece of the pie. As parents, it’s best to b fair.
Driving HDB prices down is very easy for the government, all it takes is just a word. However, HDB is a money making cash cow for the PAP, and theres no incentive for them to kill it themselves. PAP will always prioritize profits and votes to stay in power, over housing affordability for the future generations. In 20 years time, the messaging could very well be "just stay with your parents and in laws, because they brought you up"
Actually, to curb hdb price, those resale flat in good/prime location but not subjected to 10yrs mop should also be subjected to the 10 yr mop ruling for the next buyer so that it will not cause resale hdb price in these location to spike beyond control. Else these resale flats will be heading towards 2mil just a matter of time.
With declining birthrate, in another 10-12 years, wouldnt the demand drop?
Govt can't let that happen... Singapore will collapse without people.
@@cathhl2440 we will have people, but not local. Foreigners convert PR or citizen den can keep the demand steady. If somehow we don’t stay competitive / attractive, there will be a drop demand for foreigners coming to sg to work. Den in turn drop in PR applications / citizen, den overall demand for housing drop. BTO are always kept affordable; but resale value in 10-20 years gonna drop or stagnant (considering inflation). Hmmm
Immigrants would increase to balance out the birth rate and meet future increase population targets.
@@mjmf1430 with lesser locals, the demand will still drop. Buying hdb requirements. The population can only grow that much given the limited land size of sg
i finally cashed out (almost all) from my Endowus CPF Lion Global Infinity S&P to pay for my 2nd condo. Its been a good ride since 2023 March. Gains of $190k 😊.
@Mr Loo - thanks for the Endowus Lion infinity recommendation last year.
Now onwards to condo gains.😊
Didn't watch the last video? Condo market isn't looking good right now. HDBs on the other hand...
Congratulations! Can email me with your successful story? Loochengchuan@gmail.com
Property market looks topish. Those who bought 99 year leasehold new launches to flip for a quick $100k to $200k profit appear increasingly anxious that there are no buyers for their unit at the price they want to sell. Rather than cut loss, many will most likely end up bagholding the unit. This will limit the amount market can go down. The longer they are stuck, the more difficult it will be for them due to lease decay. Market is hetrogenous and the price decline will not be uniform. As with previous down cycles, there will be a reversion to mean. The older units which did not run up so much will see the least decline. The new launches and HDB with record resale psf will see the biggest drops.
Sorry to burst yr bubble but Mr Dragon didnt say that if there is only 35 years lease left, the value will decrease.....& young couples cannot buy super old flats becos they will outlive the age of the flat.....+ the mission of HDB is to provide an affordable roof over our heads, not profit
Buy old 3room HDB the best, just rent out room for first 5 year.after mop rent out in full. The return is better than any investment product. I mean no take loan lar, can squeeze price for those less than 50 year lease left.
I hope Desmond urgently looks into the crazy hdb resale flats. Beyond the means of ordinary wage earners.
😂 but many can afford to buy those 1m hdb, mean Singaporeans are rich! If u cannot afford then buy 2 room BTO lor. My advice to u is work harder, every where in SG is gold.
@@1965Singaporean These days there is even grant for resale flat a couple can get up to S$190K grant to buy resales flat. Government should end it so as to stabilize resale market.
All executive will soar beyond 1m regardless because 15 months private seller will go for the size…
Haha, you forget to mention why HDB hot because the interest only 2.6%😅
S & P 500 is all time high plus (rise forever!) Exhuberence in the our local hdb markets! High high to the sky! Nothing gonna stop the very steep prices. Pump the Prices of HDB. Pump harder the inflation rate. Pump hardest for the S & P 500! Prices gonna stay higher & high. There is no respite! PUMP!
Dragon very well spoken keep it up and thanks for the updates
Mainland and HK Chinese have long been multimillionaires as most of the prices of their residential properties are normally more than 2 million for floor area of 100 square meters or above.
Both of you talk like super duper kancheong
kanjiong to make money.
Very good information though it is likely a mixture of good and bad news depends on individuals. Not sure when will this bubble be ended. Certainly not wait until the next generation with more inherited housing and people might have to "sell" them that could lower the price.
What goes up will come down, congrats to those who have cashed out at the top. With "influencers agents" promoting the leveraged plays, price have escalated in a rocket trajectory. DYOR. Good luck to those who are still getting on the train at this time. when it turns, hopefully you will not be the bag holders. agents and "influencers" wont be the one holding.
You got 1 kid, that kid is bless. You got more, especially those with 3-4 kiddos, they will be fighting over that 1 hdb.
As a parents, if u are fair n wise, ur kids will not have to fights over ur estate when u pass on, i rather my other siblings who need it more to benefits from my parents estate, after all its their $ their choice to give to whom they like, we juz have to move on in life, 😊
@@PeterLeo-m6wvery noble of u, I guessed u r in a better financial position than your siblings but most would love to hv a piece of the pie.
As parents, it’s best to b fair.
Zion road land sales drop because the land include developing service apartment la
Driving HDB prices down is very easy for the government, all it takes is just a word. However, HDB is a money making cash cow for the PAP, and theres no incentive for them to kill it themselves. PAP will always prioritize profits and votes to stay in power, over housing affordability for the future generations. In 20 years time, the messaging could very well be "just stay with your parents and in laws, because they brought you up"
Selling current house think can earn the profit, end up lose alot of fees & buying more expensive house restart installments 😅.
Sell high, buy high+Reno cost later. Unless this is extra property but for most, what’s the point.
It's no surprise his hdb will hit 1m. Any fools also can guess.
Mr Loo, and Dragon Tan, thks. Excellent latest information on Singapore property prices. Well explained in layman terms. 👍
Bto lottery? Like wat some ministers said?
Sell already stay in five foot way
Thanks a lot Mr Loo & Dragon, u guys the best team! ❤❤
No need to buy a very old or very new landed.
No need to pay so much for reno.
When the rich foreigners gone , u will cry !
Informative content! Nice! Need to reach to D Tan soon!
What about one room price condo at redhill ?
What’s there to gong xi? Promoting fomo? Our future generations already can’t afford it it’s a bittersweet moment
😂 u cannot afford do not mean other Singaporean can’t afford. Those young couples go for resale 1m hdb because to them is very affordable.
You can sell your hdb cheap cheap way below market value to help future generations
@@CT-xy6or so many agents here sia.
Can you just shut up and let the bro talk. Don't interrupt him as a courtesy to your guests...
Actually, to curb hdb price, those resale flat in good/prime location but not subjected to 10yrs mop should also be subjected to the 10 yr mop ruling for the next buyer so that it will not cause resale hdb price in these location to spike beyond control. Else these resale flats will be heading towards 2mil just a matter of time.
The Authorities should do away with generous grants for bto flats buyers (resale).
Maybe Not! Maybe?