Sell high buy high unless you have a place to stay and wait for pty price to go down but unfortunately most people will jump into buying after selling... don't be trapped into mortgage cycle
Yup. thats why must have TWO properties to play the game OR its the last trade of your lifetime eg sell condo at 2.5m and 15 mth later buy resale at 800k.
Hi... Mr Loo, thanks for your sharing. You purchased your apartment in 2012 for $720,000.00. If this $720,000.00 were kept in CPF OA at 2.5% annual interest in 2024 ie 12 years later it will be $968,320.00. Therefore even if sold at $1,000.000.00 today the gain is only $31,680.00. Regards 🙏🙂
Actually you forgot to include the cost of agent fee when he need to sell as well as lawyer fee..haven't include the reno cost he did for this house...
your assumption is that u had $720k in CPF to begin with in 2012… most of us cannot fully pay down the price of the house and will have to take loan… so ur theory likely cannot apply to many people 🤔
the entire housing market has shot up. n if one will to do its calculations and compare HDB resale agst the private property market, the number may just work out. the HDB resale-Private mkt is actually widening!
Overpriced property price in Singapore. Soon, investors will avoid investing in Singapore. High rental for expatriates to bring their families here. Locals middle income earners, professionals are feeling the heat of crazy high property prices. I think our local professionals might shift out of Singapore. It would cause a massive brain drain of STEM professionals moving to other countries.
I know why you said this , last time you could buy 3 bedder but you didn’t do anything you just wait for the market crash , then now you wake up in the morning you just realised your money could only buy a single bedder only .
What kind of rubbish statement is this. The only reason why prices of property increase is because 1) land is scarce and 2) more and more people choose to stay in Singapore. All these talk about local professionals moving out is blatant BS. Move where? JB? Cammon man
CDL just launched Woodlands 99y starting at 2000 psf. The 1 mil from your maisonnette can only buy a 530 sq ft apartment. So if u were to sell high, theres not much u could buy with your money
Dont fool yourself. For the average Singaporean, a million dollar flat means he/she works their whole life paying for the cost of the flat. The next generation suffers. Really nothing to be happy about. For sure, no nice feeling inside!
You are misleading people. You think everybody own or can sell their hdb flats. Some might able to sell their flat and make some profit but not all can sell due to some family issue.
Mr loo because u are fortunate born to the correct hole thats why u can have extra money to so-called " invest " .if Singaporeans are rich those seniors no need still selling tissue papers at train stations, seniors no need work at food courts collecting and wash plates instead of retiring happily looking after their grandchildren .buy then stay where ? Void deck or park ? Sell and buy again still owe till one die, unless migrate to lower costs countries, rich only one owe nothing.
IMO, the important thing you must have in your hands are options. I know of people who due to health reasons or other reasons, need $, can’t sell or downsize cos not even enough solve their financial issues and worst, at the end no house, have to rent or homeless. Save $ and at the same time educate oneself in investing and building assets, property can be an asset if do it wisely. Most important, don’t do nothing cos at the end if need at least got options.
you seem to resign to the fact that property price will move up over the long term. if one has the foresight to invest in property, he would not have the feeling of nothingness over the rise in flat prices. The secret is to invest in property and enjoy your home and investment properties price growth. u can even rent and let others pay for your mortgage. there are better ways to outdo 1M65.
Don't see the internal conflict. As your HDB get more expensive, you aren't selling. Just don't sell. When you gone, your children will sell it anyway and split among them for inheritance. If you have bring up your kids properly, they should have no issue affording their own HDB even at higher prices. And they will have hefty inheritance for living expenses. HDB BTO will always be affordable to them without your inheritance btw.
Kkk asset is good for children. You sell high, you also buy high. Unless desperate for cash, no point selling. Just like stocks, keep it for long term to get better appreciation. Btw, different properties appreciate at different rates.
The real beneficiaries are the one who downgrade due to house being big and becomes a burden to clean especially for seniors, which happens to be our Merdeka or baby boomers, rightfully in their retirement years and they deserve it. The excess could help them for their retirement years ahead. No need to be dependent on their kids. For working class, it just meant that our loan has further increased. You sell high, but you buy high. A million dollar flat does not translate to a millionaire. Such is our life now. Unless one sells a 5 room to moves into a 2-3 room HDB in a very inaccessible or old HDB, even going for studio condo, it will be over a million. So what trade offs would you go for?😅
HDB prices especially resale should be higher imo. Singapore is one of the best places to live in the world and many people would kill to live here. I see no reason why prices cannot increase further. Increase in prices of HDB also gives opportunity to ordinary Singaporean to upgrade to a condo thus moving up the social economic ladder. So as long as the gov continue to build affordable BTO, i see no reason for concern.
I hope the government will continue to help those from less privileged or disadvantaged background. At the time, I believe fellow Singaporeans will have more sympathy and pay forward to the people in needs.
at the expense of resale buyers and singles. Singles under 35 in their prime age will not defend the country as they do not have a stake in the country and forced to be exit liquidity. This is not a wise move for the country.
Those singles served NS not recognised, why die for a country that doesn't take care of citizens. Singles is time to venture out to work and enjoy that country cheaper cost of living.
Jai Hind. Don't worry too much about having your own roof. Singles above 35 should start freezing their eggs because even having money cannot buy the time lost.
All I say is GG to those who are not in the property game, with no access to BTO and not a high income earner either. Property prices will not come down drastically.
Those resale flats sold over 1m are mainly bought by rich sr citizens downsizing from their landed property to resale flats in good location and with good amenities. The second group is those middle income earners with monthly income greater than 14k p.m. They are disqualified from buying new bto flats and have no choice but to buy resale flats in good location near mrt and with good amenities. They are the sandwiched class, difficulty buying overpriced pte property, and condo. Whose fault? Our authorities are sleeping, do not know the ground issues.
Mr Loo, ur HDB flat has another 20 years before lease decay set in. By the time you kick the bucket, ur children might be inheriting a flat with depreciating value.
Mr Loo… if u have bought a private property 10 yrs ago… u should now easily be able to afford to downgrade to a same size HDB flat still keep the capital appreciation u have made in tat private property without sacrificing the size of the house right?
Well, I did something similar.... I invested money into Businesses and US Equities and made much more than what i would have gotten thru private property investment. So it turned out alright for me.
Oh, i disagree, too high is not good, we should keep the hdb price as low as possible so to make everybody affordable so we can easily buy and sell, since onli applicable singaporean & PR.. haha
Mr Loo, hope this finds you well, the rate which bto appreciate is faster than 3.2% increase for your resale flat how I know is because i bought tengah beside the town center MRT, when I bought in 2023 May, it appreciated 15-20% from the previous year it was really painful so i know 3.2% yoy appreciation cannot outpace the bto price increase, no harm intended but yknow its net negative all things considered so i feel if then price dont rise, is overall still better as a whole because for your kid, 3 kids buy bto means approx 3x the amount of inflated price increase :’) what are your thoughts?
one possibility for realizing hdb value for you is this possible route: housing status aside, after all your kids have moved out, if you sell the mansionette to buy 4room and knock 1 of the room down; 1. big living room space to host kids and grandkids 2. can cash out profits 3. “renew” the lease by buying newly MOP flats with longer lease so property value can appreciate/retain value better(cite Bala’s curve) for your kids as an inheritance in the future whats your take?
Mr Loo, I feel dispair. Bought a landed house, very nice, 20 years ago, for 1m, in Cape Town. Today, cant even sell it for 100k, i wont give to the kids, law and order has totally failed, too many murders. No Gahmen liaw. Be happy your HDB is going great.
Loo, congrats, u sell minion and then migrate to ur Mount Austin freehold landed isit? U got ur VEP activated? Otherwise if u hv to buy, u will oso buy minion dollars If u said u no intention to sell, so wat if it even.billion? U hv to sell to see the money In Singapore no one is winwin The only winwin is the gahmen 😂
More HDB restrictions coming. Our country is going to face a housing crisis just like other countries where many of the young people cant afford a house.
@@coclim5712 This is call foresight. Not a lot of people can see it. Learn. Mr Loo wants to say it. But if he says it, there will be a lot of brickbats like you. So he said it very diplomatically. " If it continues, my children would find it hard to own a flat". Do you hear it?
Mr Loo after I watch your program I stop watching our local news on tv because I gain nothing watching tv. Please do more content then help us in investing after I witness food getting very expensive and house too very hard to retire in SG. God bless u
Fyi, those willing seller willing buyer users, you better mind your own business. Selfish people like you only know how to keep repeating this phrase. You only want to see your existing property keep increasing . You never cared about those who are not existing property owners
Sell high buy high unless you have a place to stay and wait for pty price to go down but unfortunately most people will jump into buying after selling... don't be trapped into mortgage cycle
Yup. thats why must have TWO properties to play the game OR its the last trade of your lifetime eg sell condo at 2.5m and 15 mth later buy resale at 800k.
Hi... Mr Loo, thanks for your sharing.
You purchased your apartment in 2012 for $720,000.00. If this $720,000.00 were kept in CPF OA at 2.5% annual interest in 2024 ie 12 years later it will be $968,320.00. Therefore even if sold at $1,000.000.00 today the gain is only $31,680.00. Regards 🙏🙂
if he had leveraged, he would have made much much more.
Actually you forgot to include the cost of agent fee when he need to sell as well as lawyer fee..haven't include the reno cost he did for this house...
@@koshchay1787what about cost of rental?
your assumption is that u had $720k in CPF to begin with in 2012… most of us cannot fully pay down the price of the house and will have to take loan… so ur theory likely cannot apply to many people 🤔
New high on HDB prices with decaying leases. This doesn't sound logical to me.
the entire housing market has shot up. n if one will to do its calculations and compare HDB resale agst the private property market, the number may just work out. the HDB resale-Private mkt is actually widening!
Why not? Supply vs demand
Overpriced property price in Singapore. Soon, investors will avoid investing in Singapore. High rental for expatriates to bring their families here. Locals middle income earners, professionals are feeling the heat of crazy high property prices. I think our local professionals might shift out of Singapore. It would cause a massive brain drain of STEM professionals moving to other countries.
I know why you said this , last time you could buy 3 bedder but you didn’t do anything you just wait for the market crash , then now you wake up in the morning you just realised your money could only buy a single bedder only .
What kind of rubbish statement is this. The only reason why prices of property increase is because 1) land is scarce and 2) more and more people choose to stay in Singapore.
All these talk about local professionals moving out is blatant BS. Move where? JB? Cammon man
Spot on in the conclusion. Everyone is a loser in this game except those who collect comission and taxes.
CDL just launched Woodlands 99y starting at 2000 psf. The 1 mil from your maisonnette can only buy a 530 sq ft apartment. So if u were to sell high, theres not much u could buy with your money
Dont fool yourself. For the average Singaporean, a million dollar flat means he/she works their whole life paying for the cost of the flat. The next generation suffers. Really nothing to be happy about. For sure, no nice feeling inside!
Reading the title before watching, somehow I think Mr Loo will likely bring up the phrase kkk asset, then I burst out laughing near the end 😂
I am very predictable 😅
You are misleading people. You think everybody own or can sell their hdb flats. Some might able to sell their flat and make some profit but not all can sell due to some family issue.
Mr loo because u are fortunate born to the correct hole thats why u can have extra money to so-called " invest " .if Singaporeans are rich those seniors no need still selling tissue papers at train stations, seniors no need work at food courts collecting and wash plates instead of retiring happily looking after their grandchildren .buy then stay where ? Void deck or park ? Sell and buy again still owe till one die, unless migrate to lower costs countries, rich only one owe nothing.
IMO, the important thing you must have in your hands are options. I know of people who due to health reasons or other reasons, need $, can’t sell or downsize cos not even enough solve their financial issues and worst, at the end no house, have to rent or homeless. Save $ and at the same time educate oneself in investing and building assets, property can be an asset if do it wisely. Most important, don’t do nothing cos at the end if need at least got options.
you seem to resign to the fact that property price will move up over the long term. if one has the foresight to invest in property, he would not have the feeling of nothingness over the rise in flat prices. The secret is to invest in property and enjoy your home and investment properties price growth. u can even rent and let others pay for your mortgage. there are better ways to outdo 1M65.
govt must stop giving all kinds of rebate to one million hdb owners as they are actually rich..
no value added what the point of bringing up this topic. 😮
Yeah it's a repeated topic after many times. Same point that HDB is a KKK asset.
Nothing much to talk anyway..😂😂😂
Willing buyer n willing seller !!!
Don't see the internal conflict. As your HDB get more expensive, you aren't selling. Just don't sell. When you gone, your children will sell it anyway and split among them for inheritance. If you have bring up your kids properly, they should have no issue affording their own HDB even at higher prices. And they will have hefty inheritance for living expenses. HDB BTO will always be affordable to them without your inheritance btw.
Mr Loo, invest in Sydney, AU is crazy about properties. I looked a few years ago, Sydney house prices were doubling every 3 years!!!
Is a matter of time.... The bubble will burst and every one will cry..... Govt will come in to stop it.... At some point.
Think too much .. go sleep 🛌
Nonsense. It will only burst if Singapore turn into a slum.
Kkk asset is good for children. You sell high, you also buy high. Unless desperate for cash, no point selling. Just like stocks, keep it for long term to get better appreciation. Btw, different properties appreciate at different rates.
its our money getting smaller called inflation. We are not richer. Only if u keep Bitcoin, it cost u less n less in BTC every 4 years
The real beneficiaries are the one who downgrade due to house being big and becomes a burden to clean especially for seniors, which happens to be our Merdeka or baby boomers, rightfully in their retirement years and they deserve it. The excess could help them for their retirement years ahead. No need to be dependent on their kids.
For working class, it just meant that our loan has further increased. You sell high, but you buy high. A million dollar flat does not translate to a millionaire. Such is our life now. Unless one sells a 5 room to moves into a 2-3 room HDB in a very inaccessible or old HDB, even going for studio condo, it will be over a million. So what trade offs would you go for?😅
HDB prices especially resale should be higher imo. Singapore is one of the best places to live in the world and many people would kill to live here. I see no reason why prices cannot increase further. Increase in prices of HDB also gives opportunity to ordinary Singaporean to upgrade to a condo thus moving up the social economic ladder.
So as long as the gov continue to build affordable BTO, i see no reason for concern.
Nice humble final thought. A house is just to stay for most Singaporeans. Property investment in land scarce Singapore should not have happened.
Sell high buy higher...praying the COOLING MEASURE HIT ALL UNITS
No point talking so much and not doing anything. Sell it and go buy JB property. Faster sell, before Singapore property collapse.
Majulah!
The windfall is not magic. Its future money. Congrats to those young couples waiting to own a lease. Balls shrinker
I hope the government will continue to help those from less privileged or disadvantaged background. At the time, I believe fellow Singaporeans will have more sympathy and pay forward to the people in needs.
Mr Loo young people income more than 14k cannot buy BTO flats. Buy private property or JB house shoould be happay?
I see my paper gain about $100k to $150k in 6 years... but that's paper gain since I am not selling n I am already 53...
This is why Milton Friedman said that many people actually want inflation even though they know it’s bad. The government will gladly give it to you
Jai Hind. Most 4 rooms+ BTO Singaporeans can already retire in JB after MOPs if they so wish.
Lol, .... Every other week maybe we have a millionaire from toto and some from property agents n insurance etc ...
A big bubble !
at the expense of resale buyers and singles. Singles under 35 in their prime age will not defend the country as they do not have a stake in the country and forced to be exit liquidity. This is not a wise move for the country.
Those singles served NS not recognised, why die for a country that doesn't take care of citizens. Singles is time to venture out to work and enjoy that country cheaper cost of living.
Singles should not be allowed to buy hdb in the first place
Jai Hind. Don't worry too much about having your own roof. Singles above 35 should start freezing their eggs because even having money cannot buy the time lost.
All I say is GG to those who are not in the property game, with no access to BTO and not a high income earner either. Property prices will not come down drastically.
Thks thks Mr Loo
Only after selling then can realize profit otherwise tow nao song only.
Those resale flats sold over 1m are mainly bought by rich sr citizens downsizing from their landed property to resale flats in good location and with good amenities. The second group is those middle income earners with monthly income greater than 14k p.m. They are disqualified from buying new bto flats and have no choice but to buy resale flats in good location near mrt and with good amenities. They are the sandwiched class, difficulty buying overpriced pte property, and condo. Whose fault? Our authorities are sleeping, do not know the ground issues.
Always like listening to your perspective
No good. Next you will have higher property tax.
Mr Loo, ur HDB flat has another 20 years before lease decay set in. By the time you kick the bucket, ur children might be inheriting a flat with depreciating value.
I don’t doubt that but 90% of Singaporeans don’t believe in decay.
Up 2.5% PER QUARTER. Means 1 year how much? Income got rise in tandem. Did we get increment 2.5% PER QUARTER?
Resale price index over 10 years is around 6% .. for income is around 3% .. not factoring inflation/tax
Mr Loo… if u have bought a private property 10 yrs ago… u should now easily be able to afford to downgrade to a same size HDB flat still keep the capital appreciation u have made in tat private property without sacrificing the size of the house right?
Well, I did something similar.... I invested money into Businesses and US Equities and made much more than what i would have gotten thru private property investment. So it turned out alright for me.
In about 10-20 years' time, a lot of old people would have migrated. What could happen to the HDB market then?
They wont lah.... Family all here.
Oh, i disagree, too high is not good, we should keep the hdb price as low as possible so to make everybody affordable so we can easily buy and sell, since onli applicable singaporean & PR.. haha
Don't be stupid. If hdb prices do not rise then there is no way average Singaporean will be ever able to afford to upgrade to a condo
Mr.Loo, if you upgrade your HDB to Condo or Landed property many years again, you will be extra few millionaire😅
I very happy with my house already. Plus I got enough money. Why upgrade ?
Just worried for the Younger generation. Hope they will go buy BTO instead of resale, if possible.
Why worry about future gen? They have to fight it out themselves? We can't roll out the red carpet for them. They are already very pampered as it is
Mr Loo, you 7:35 think too much, just like me
you are too proud!
You didn’t watch my video to know what I intend to say
Good pap man... continue to sing
Mr Loo, hope this finds you well, the rate which bto appreciate is faster than 3.2% increase for your resale flat
how I know is because i bought tengah beside the town center MRT, when I bought in 2023 May, it appreciated 15-20% from the previous year
it was really painful
so i know 3.2% yoy appreciation cannot outpace the bto price increase, no harm intended but yknow its net negative all things considered
so i feel if then price dont rise, is overall still better as a whole
because for your kid, 3 kids buy bto means approx 3x the amount of inflated price increase :’)
what are your thoughts?
one possibility for realizing hdb value for you is this possible route:
housing status aside, after all your kids have moved out, if you sell the mansionette to buy 4room and knock 1 of the room down;
1. big living room space to host kids and grandkids
2. can cash out profits
3. “renew” the lease by buying newly MOP flats with longer lease so property value can appreciate/retain value better(cite Bala’s curve) for your kids as an inheritance in the future
whats your take?
Oh thanks for the new information to me! That quite serious!
Mr Loo, I feel dispair. Bought a landed house, very nice, 20 years ago, for 1m, in Cape Town. Today, cant even sell it for 100k, i wont give to the kids, law and order has totally failed, too many murders. No Gahmen liaw.
Be happy your HDB is going great.
Oh you South African? Why Buy in Cape Town?
@@1m65 need a home, coz sleeping at bus stop is rather uncomfortable and dangerous
Loo, congrats, u sell minion and then migrate to ur Mount Austin freehold landed isit? U got ur VEP activated?
Otherwise if u hv to buy, u will oso buy minion dollars
If u said u no intention to sell, so wat if it even.billion? U hv to sell to see the money
In Singapore no one is winwin
The only winwin is the gahmen 😂
Watch my video to know what I was implying
Unlikely to sell my SG HDB lah.... Sell already in Singapore no house.
Property tax going up too.
More HDB restrictions coming. Our country is going to face a housing crisis just like other countries where many of the young people cant afford a house.
U think too much .. so far all doing well, maybe ur age group has issues…zzzzz…
@@coclim5712 This is call foresight. Not a lot of people can see it. Learn. Mr Loo wants to say it. But if he says it, there will be a lot of brickbats like you. So he said it very diplomatically. " If it continues, my children would find it hard to own a flat". Do you hear it?
Mm… no leh. KKK asset. It’s not in my pocket for consumption.
Mine doubled already.
Ha Ha.. exactly what I said in the video. Congrats anyway
@@1m65Haha… yah, when I finally reached the end of your video.
I guess like your dad, I’m very happy to leave more for my children.
Good evening Mr Loo ❤
Envy!
😮
Leased flats from the builders ultimately will be returned to the builders when the lease period is up... Good luck to all made-believed "owners"!
If a 99 year lease.. Your wealth is =, 0
Not everyone believes that it will go to zero
Mr loo you are obsessed with this topic
😂😂😂
Paper gain only ...
Ha Ha.. exactly what I said in the video.
Mr Loo after I watch your program I stop watching our local news on tv because I gain nothing watching tv. Please do more content then help us in investing after I witness food getting very expensive and house too very hard to retire in SG. God bless u
Oh Thank u very much for your kind support!
Fyi, those willing seller willing buyer users, you better mind your own business. Selfish people like you only know how to keep repeating this phrase. You only want to see your existing property keep increasing . You never cared about those who are not existing property owners
Ah? It’s just economics. 🤷🏻♀️ Objective theory.
You obviously didn’t watch what I said in the video….
@@1m65 in refering to the people in the telegram chat who are celebrating over sky rocketing price. Not referring to you Mr loo