Banks only want to lend to rich people. CNA now wants to make Singaporeans more desperate for these material possessions. A home in Singapore is not a home. It’s always an investment. The first woman you interviewed should have been called “investor” not “homeowner”. She’s renting it out. Not living in it. It’s not a home for her.
@SivalinPutheryno problem with making money. But dont mislead people between a genuine home owner and an investor. Dont tell people things are achievable easily at 28, when your family is still alive and can afford to fork out half the downpayment.
most banks here will lend to anybody who asked, since property prices is consistently high in singapore. they can always sell the property if defaulted. as long as the person meets the prescribed legal requirements (MSR, TDSR)
I am worried for Singaporeans who stretch themselves and paid more than $1.5M to buy a new condo for rental income. What if they cannot find a tenant? Good times don't last forever.
Then sell the condo , you will either lose a tiny bit or maybe you will get a small profit. If you can afford the monthly, you have your own house if you don’t have a tenant
@@HenryHoethere are resale at 400k.. all u need is to chk HDB for resale price.. just bcos hdb cost 700k.. then opt for 1br millon dollar condo end up cannot pay. what maths is this
@@beedeebee179 What surprises me is how many people acknowledge that a recession is happening. Yet are acting like, stuffs like retrenchment will only happen to other people.
Materialistic value goes up while human value, ie salaries, goes down. Gone are those days back in the 80s where Singapore leaders will invest in Singaporeans and products Made In Singapore. Everyone wants to be a millionaire by 30yo.
the HDB system is the key - not private condos as a first home. One climbs the ladder from the first rung, not half way up the ladder ??? If there has been a cultural shift towards private condos as a first home, then blame the parents for bad advice lah!
Bto HDB flats paid in 35 yrs will double the debt. People are brain dead in thinking their job security in Sg last that long. Blood on the street coming when this artificial bubble burst. No way out
The problem is the condition of HDB flats. Poor sound proofing, ugly design and lack of facilities and maintenance not to mention very slack enforcement of rules when dealing with noisy and disruptive tenants. That's why Singaporeans aspire to own private properties. Again it's a cost of living issue. For a fraction of the cost, private condos of similar quality can be found in Malaysia or Indonesia.
@@stephenwang9567 There's plenty of easily accessible high-rises to jump off in Singapore. The government knows this. That's why they've been talking so much about 'mental health' in the last 6 months. IMH reports close to 10% of the entire Singapore population has clinical depression. And in the young adults age group, 1 in 3 are reporting depression and this is quickly rising. 'Affordable' housing? 'Affordable' healthcare? One thing is for sure, Singaporeans definitely have an affordable exit plan.
Combined household income of $12k really isn't that much and I fully agree that at that level, one should not be buying properties above the $600-700k price point. $1.5m properties is something that banks will offer (To couples earning a combined income of $12k) at max, but it will be very suffering for the couple and they would be slaving every month to make repayments. If one of them loses their job, they will have problem with mortgage repayments for sure! Why make life so suffering? We should just buy according to our needs and lead a happy and simple life!
@@Twodaae if the couple stops at 1 kid or go no kid, they can definitely afford a more expensive home. My home cost 720k when we bought it on a 15 year loan. Our mortgage is 3.4K (remember it is 15 years). After CPF deduction, we cash out around $500 per month for mortgage which is barely noticeable.
@@wennnnn2307 I'm in a similar situation, bought a condo unit 10yrs ago for $770k, but I took out a 17yrs loan. I didn't touch cpf and just pay cash for my mortgage however, I had a 50% downpayment so my monthly repayments is a little lesser. I had about $180k left to pay up, but I did a reprice last year and now my monthly is only $1k/mth haha
4.5%. Wow. That’s a big chunk. I’d rather my money earn me 4.5%. Floating rate is bait and switch scheme. They will show you a low interest rate at the beginning and within a month or maybe 2 months send you a letter telling you it’s been increased to a higher amount.
Actually it’s good for bank stocks investors. You can stay in hdb and own a ton of bank stocks. Everyday go downstairs coffeeshop la kopi and watch people go to work in the morning. 😛
I rather have money in the stock market, at least it is being invested in profit generating companies and for liquidity sake. Good luck selling the house when recession comes and when they can no longer afford the huge loans.
@@Salty_Biscuitz88 Much cost to property investment. Maintenance, agent fees, property and income tax, repairs and replacement of appliances such as air con refrigerator etc, lapse of tenants. Your sanity dealing with difficult tenants, or non paying ones. In comparison, stock market is much cleaner.
Nothing wrong there better than getting priced out. I missed that opportunity not that mom Offered to help. But, I could’ve bought a house at $400k plus now it’s at $1.7 million.,
Condos are overhyped. Do the math (instalments+maintenance fee+utilities), and the inconvenience of living in a gated community without easy access to amenities. The cost of it dont make sense, and profits are not guaranteed now that prices are so high.
Start frm small, dont make a big jump, later baby comes more expenses, like getting helper, enroll in good schools, saving fr uni fr children, etc, maybe hdb 5 rm will be good fr starting, later can upgrade,🇸🇬
My late dad always advise me not takes up huge loan from banks .. when sunny day loan you their umbrella 🌂 when raining day they ask back their umbrella.. that nice 😂😂😂
I rather buy a property according to what i can afford. Take debts that u can handle and not more than what u can take. Sadly many people spend more than what they earn and this is pretty common these days.
Completely agreed. I got my first condo making full payment though I can stretch by getting loan and buy at expensive locations which apparently I didn't. I retired young without any liability and was glad with my decision. Let the players take the risk, I m done with so call investment.
Buyers are pinning their hopes that they can resell to make profit. But volatility of world economy spells trouble. One can be optimistic. seldom at times realistic. And creditors are not nice people.
At this point, it is not "hope", it is an expectation. Too many have been making money this way for the past 2 decades, and nobody seriously believe the property prices will fall.
With the growing uncertainty both politically & economically on the global scale, being financially stretched could eventually give you many sleepless nights and anxiety
Default is good for banks, because they repossess the property and sell in auction for full value. Whatever mortgage installments they received is already in their pockets.
@@JC-ed8vf That is how a mortgage works. So for an individual to protect themselves is to make a mortgage that they can definitely repay. Both banks will entice them to make the maximum mortgage they can qualify for, because that is what benefit the banks.
@@lissalow Regardless of its location, probabilty of earning, the fact that the lady is hoping to earn from rental is already a red flag. What if in the end she can't even get a tenant to help service the loan and ended up losing the flat before she can even start to profit from it
My friends worked in one of major bank..his whole dept was pressure to push out as many loans as possible to hit highest quota,,fail to do so likely asked to leave…
Staying in an expensive property doesn't always mean a happy family. 💸💰 Consider the financial implications! 📈 With interest rates at 4% or higher, a big chunk of your monthly mortgage payments will go to the bank. 😱 This can be a long-term burden, especially for young couples in their 30s with high employability and increasing salaries. 💼💸 While banks may lend to you, it could mean less savings for retirement. 😱 It's not uncommon for people to reach their 60s still paying off loans and worrying about retirement. 👴👵 So, young couples, evaluate your purpose and priorities carefully before you decide. 🧐 Understanding your purpose and setting clear priorities will help you make informed choices and avoid future financial challenges. 💪💰
Agree. Hdb bto regardless normal type, plus or prime or EC route is still ideal as a first property. subsequently if finance allow then move to Pte condo.
TDSR is set at 55% by the government. Unless this is not considered as prudent, what is the purpose of telling borrowers to be prudent? Can qualify for loan means have the ability to service the loan.
Youngsters are so daring buying all those $2000+PSF properties, taking up more than $1M mortgage loans, when they will be getting sacked soon no doubt as economy is tightening.
Yes, although the combine household combined income is $12K (as mentioned in the video), in my opinion it is still very daring to purchase property with bank loan more than $1M.
😂😂😂 when I was young, I bought my first resales 3 room HDB at high price, my parents said I stupid. Now i have few properties. Young people should be more daring. I don't even finish my secondary school education. I believe young Singaporean will bring SG to new heights. Cheong ah! Vote PAP, u huat, I huat, everybody huat ah!
With all the wars that USA is being dragged into concurrently, their ever increasing $33 trillion debt, plus BRICs nations moving away from USD trade, I would not want to go into debt now.
I worry for these stupid youngsters sia. Gone were the days where we only look at HDB as our first home. What is wrong with staying in HDB? We will get all the perks from garmen.
100% most will lose their condo when jobs are loss when recession comes. And it will always come. I feel so sorry for these buyers. Property cycle always repeat. If u don't believe me ask the older folks.
Dumb. Of course take bank loan. Prices are stupidly high. These younger generation also know by the time their parents passed on, they will have much money on hand. Hence they are willing to take risk for their current property.
Solution, introduce MSR to all private properties, not just for HDBs and ECs😂. Their trick? Don't take car loan 1st, stop using credit cards and apply for home loan..😂
Dear Singapore friends- don’t take loans. The bankers did covid lockdown. They killed your relatives and family. It’s difficult to explain. There is a trust fund which owns all of Singapore. The beneficiaries are you. Natives. Admin of this trust fund is your gubment. Thomas raffles descendants are the admin of your trust fund. In olden days if the person in whose name trust is made died without will then whole trust land becomes admin property.
The home purcgase may as often be a gov bobd by liquud govern a isa and current. This then renting alliws edhcation ans finding friends in ling future. Cars less so this money is a boon by fashion shoes heakth self awareness and knowibg much mire whuch that mobey enablea a house ourcgas3 by marriage a youth by renting a steady communuty
Your hdb is already almost same price as condo, you might as well top up a bit buy condo, then 20-30 years later sell condo use earnings buy smaller hdb.
Yes, the greed. That’s what the property agents advised and wants you to think in order to bait you in to keep making their pockets fatter. Don’t get yourself into huge loans that you can’t afford to pay off should anything happens.
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
$1.5M for 1-bedder? OMG.
Congrats to developers and property agents who must be laughing to the bank in their Ferraris.
Nah, even top agents not rich enough. Need to make at least $30m a yr kind to afford Ferraris comfortably
@SivalinPuthery congulation. You still in debts😂😂😂😂😂😂
If allowed they will build condos reaching the moon 😂
@SivalinPuthery all singapore properties? all owned by you? plenty of ABSD?
1.4 million
Banks only want to lend to rich people. CNA now wants to make Singaporeans more desperate for these material possessions. A home in Singapore is not a home. It’s always an investment. The first woman you interviewed should have been called “investor” not “homeowner”. She’s renting it out. Not living in it. It’s not a home for her.
@SivalinPutheryno problem with making money. But dont mislead people between a genuine home owner and an investor. Dont tell people things are achievable easily at 28, when your family is still alive and can afford to fork out half the downpayment.
most banks here will lend to anybody who asked, since property prices is consistently high in singapore. they can always sell the property if defaulted. as long as the person meets the prescribed legal requirements (MSR, TDSR)
When economic depression hits Sg top the list for financial disaster. CPF contributions supporting the big housing bubble will cease. Be patient
I am worried for Singaporeans who stretch themselves and paid more than $1.5M to buy a new condo for rental income. What if they cannot find a tenant? Good times don't last forever.
The issue is if you buy a 4 room resale, easily 700-800k, 5 room can hit 1 mil. At such prices for hdb, why not buy condo?
Then sell the condo , you will either lose a tiny bit or maybe you will get a small profit. If you can afford the monthly, you have your own house if you don’t have a tenant
there is also a sharp increase in non-owner property tax. Hope rental can cover that increase as well
HDB flats are getting unaffordable
@@HenryHoethere are resale at 400k.. all u need is to chk HDB for resale price.. just bcos hdb cost 700k.. then opt for 1br millon dollar condo end up cannot pay. what maths is this
If banks are announcing recommendation of prudence on national news channel, the message is very clear. Expect a recession.
It's coming, many mnc have plan to restructure this year.
@@beedeebee179 What surprises me is how many people acknowledge that a recession is happening. Yet are acting like, stuffs like retrenchment will only happen to other people.
@@cancanjaker1620 because they have not been through retrenchment cycle or economic downturn.
Recession is a nice statement. Depression is coming when this giant bubble burst.
Materialistic value goes up while human value, ie salaries, goes down.
Gone are those days back in the 80s where Singapore leaders will invest in Singaporeans and products Made In Singapore.
Everyone wants to be a millionaire by 30yo.
the HDB system is the key - not private condos as a first home. One climbs the ladder from the first rung, not half way up the ladder ??? If there has been a cultural shift towards private condos as a first home, then blame the parents for bad advice lah!
Goes to show that these young people don't have any clue about compound interest accrued from huge debt, and over decades...
Bto HDB flats paid in 35 yrs will double the debt. People are brain dead in thinking their job security in Sg last that long. Blood on the street coming when this artificial bubble burst. No way out
The problem is the condition of HDB flats. Poor sound proofing, ugly design and lack of facilities and maintenance not to mention very slack enforcement of rules when dealing with noisy and disruptive tenants. That's why Singaporeans aspire to own private properties. Again it's a cost of living issue. For a fraction of the cost, private condos of similar quality can be found in Malaysia or Indonesia.
condo and private property no neighbour problems? hahahaha unless you stay in jungle or desert hahahaha
Condos also have problems.
you sure never live in Condo before, the neighbour is of next level of entitlement. Not that rich, but act like you own them everything.
this kind mainly stay in EC - like condo but not really condo, priced like condo but its BTO disguised haha@@beedeebee179
@@marinekong235even landed also has neighbour issues😂
Keep jacking up property prices then advice prudence.....greedy corporations will have you believe it's always the common man's fault...
1.5m for a home... thats insanely high
It's not high for insane people. Greed for future profits blinded their correct assessments
1.5mill for a one bedder. Joke
The “I will always have a job” mentality 😅
Loose your job with massive debt. Insanity on the horizon.
Well said.
@@stephenwang9567 There's plenty of easily accessible high-rises to jump off in Singapore. The government knows this. That's why they've been talking so much about 'mental health' in the last 6 months. IMH reports close to 10% of the entire Singapore population has clinical depression. And in the young adults age group, 1 in 3 are reporting depression and this is quickly rising. 'Affordable' housing? 'Affordable' healthcare? One thing is for sure, Singaporeans definitely have an affordable exit plan.
lol, if you spoke to these youngsters, they will say the company cannot do without them. I almost fell off the chair. 🤣
SGD 12,000 per month is only SGD 144K p.a.. That’s OK to afford properties up to 600K, no more than that in my opinion
Combined household income of $12k really isn't that much and I fully agree that at that level, one should not be buying properties above the $600-700k price point. $1.5m properties is something that banks will offer (To couples earning a combined income of $12k) at max, but it will be very suffering for the couple and they would be slaving every month to make repayments. If one of them loses their job, they will have problem with mortgage repayments for sure! Why make life so suffering? We should just buy according to our needs and lead a happy and simple life!
Good luck if either or both get laid off
@@Twodaae if the couple stops at 1 kid or go no kid, they can definitely afford a more expensive home. My home cost 720k when we bought it on a 15 year loan. Our mortgage is 3.4K (remember it is 15 years). After CPF deduction, we cash out around $500 per month for mortgage which is barely noticeable.
Lol, 600k, you won't get even a 4rm resale. 😂
@@wennnnn2307 I'm in a similar situation, bought a condo unit 10yrs ago for $770k, but I took out a 17yrs loan. I didn't touch cpf and just pay cash for my mortgage however, I had a 50% downpayment so my monthly repayments is a little lesser. I had about $180k left to pay up, but I did a reprice last year and now my monthly is only $1k/mth haha
4.5%. Wow. That’s a big chunk. I’d rather my money earn me 4.5%. Floating rate is bait and switch scheme. They will show you a low interest rate at the beginning and within a month or maybe 2 months send you a letter telling you it’s been increased to a higher amount.
Word. And the profits earned by SG banks make scam factories in Myanmar look like pick-pockets by comparison.
Actually it’s good for bank stocks investors. You can stay in hdb and own a ton of bank stocks. Everyday go downstairs coffeeshop la kopi and watch people go to work in the morning. 😛
I rather have money in the stock market, at least it is being invested in profit generating companies and for liquidity sake. Good luck selling the house when recession comes and when they can no longer afford the huge loans.
@@Salty_Biscuitz88 Much cost to property investment. Maintenance, agent fees, property and income tax, repairs and replacement of appliances such as air con refrigerator etc, lapse of tenants. Your sanity dealing with difficult tenants, or non paying ones. In comparison, stock market is much cleaner.
If you need your parents to chip in for your property, you shouldn’t be buying one at all.
The difference is Rich people can and will give their kids a leg up and the average folks cannot :)
Then how? Sleep on the streets?
Nothing wrong there better than getting priced out. I missed that opportunity not that mom
Offered to help. But, I could’ve bought a house at $400k plus now it’s at $1.7 million.,
not true
Nothing wrong with asking parents to help. It's worse than not asking parents to help when help is available.
Condos are overhyped. Do the math (instalments+maintenance fee+utilities), and the inconvenience of living in a gated community without easy access to amenities. The cost of it dont make sense, and profits are not guaranteed now that prices are so high.
Heard a thing called bubble? 😬
"looking at China"
@@Onion_Knights vertical buildings, aka high rise apartments are way , way overpriced.
@@davidhamtaro in fact, all houses there are way overpriced
Start frm small, dont make a big jump, later baby comes more expenses, like getting helper, enroll in good schools, saving fr uni fr children, etc, maybe hdb 5 rm will be good fr starting, later can upgrade,🇸🇬
OMG! S$1Million+ just for a 1-Bedroom Flat! 😮
It's a private condo, not a HDB flat... :)
@@Twodaae Freehold somemore. Monthly loan $5K+. Hopefully can sleep well at night thinking about it. Ha~
My late dad always advise me not takes up huge loan from banks .. when sunny day loan you their umbrella 🌂 when raining day they ask back their umbrella.. that nice 😂😂😂
it just take a recession to wipe and reset all the status back.
I rather buy a property according to what i can afford. Take debts that u can handle and not more than what u can take. Sadly many people spend more than what they earn and this is pretty common these days.
Completely agreed. I got my first condo making full payment though I can stretch by getting loan and buy at expensive locations which apparently I didn't. I retired young without any liability and was glad with my decision. Let the players take the risk, I m done with so call investment.
Buyers are pinning their hopes that they can resell to make profit. But volatility of world economy spells trouble. One can be optimistic. seldom at times realistic. And creditors are not nice people.
At this point, it is not "hope", it is an expectation. Too many have been making money this way for the past 2 decades, and nobody seriously believe the property prices will fall.
4k is for the interest only 😢
First 3-4yrs you're only paying interest... hahahaha they forgot to mention that! Basically principle is barely touched!
No, actually about 1/3 is towards interest. Still huge though, and huge win for the bank.
The word hope for property gains is hilarious. HOPE and PRAY. Lol
It will gain for sure with the demand out there. There is no doubt.,
@@mytravls - Even the oppositions wants to keep housing affordable. Meaning your beloved housing only can increase so much haha
waiting for defaults... property crash... so I can get me a decent private property
same.
MOST OF THESE YOUNG PPL WILL DECALRE BANKRUPT IN LESS THAN 3 YEARS TIME. ANAVOIDABLE AS ECONOMIC DEPRESSION LOOMS.
Pray that these home buyers can continue their employments 🙏
Check Sg job security. 2023 retrenchment figures double of 2022. People living in fantasy land.
Insanity replace all prudence. Bad times on the horizon. Rest assure it's coming 2024
With the growing uncertainty both politically & economically on the global scale, being financially stretched could eventually give you many sleepless nights and anxiety
Don't worry be happy crowd like big bro USA
@@stephenwang9567 lol I ain’t worry bruh ! I am debt free
Wealth and economic value cannot based on unproductive resources. Look at China, and other property bubbles.
The fate of China bubble will come to Sg. Be patient
@@stephenwang9567 at least in Singapore. The properties get completed.
When crisis comes…thats it..many defaulted loans.
Default is good for banks, because they repossess the property and sell in auction for full value. Whatever mortgage installments they received is already in their pockets.
@@JC-ed8vf That is how a mortgage works. So for an individual to protect themselves is to make a mortgage that they can definitely repay. Both banks will entice them to make the maximum mortgage they can qualify for, because that is what benefit the banks.
Monthly income must be at least 25000$ not 12k
Ok im eating prunes more often from now on, thank you for the advise
Pray there is no recession
Damn, this lady didn’t do her research properly. 1.5mil for 1 bedder is crazy considering there are better units out there
Leedon Green is very close to Holland V and Nanyang Primary school.
@@lissalow CCR condos is almost sure lose money. Just look up the stats
@@lissalow Regardless of its location, probabilty of earning, the fact that the lady is hoping to earn from rental is already a red flag. What if in the end she can't even get a tenant to help service the loan and ended up losing the flat before she can even start to profit from it
@@lissalow1 bedder though, which family will take
Smart of her?? She is saying that.....
My friends worked in one of major bank..his whole dept was pressure to push out as many loans as possible to hit highest quota,,fail to do so likely asked to leave…
Because younger people are depending on their parent. Thats a fact. Then they show off as though its their effort lol. What a joke
Staying in an expensive property doesn't always mean a happy family. 💸💰 Consider the financial implications! 📈 With interest rates at 4% or higher, a big chunk of your monthly mortgage payments will go to the bank. 😱 This can be a long-term burden, especially for young couples in their 30s with high employability and increasing salaries. 💼💸 While banks may lend to you, it could mean less savings for retirement. 😱 It's not uncommon for people to reach their 60s still paying off loans and worrying about retirement. 👴👵
So, young couples, evaluate your purpose and priorities carefully before you decide. 🧐 Understanding your purpose and setting clear priorities will help you make informed choices and avoid future financial challenges. 💪💰
Agree. Hdb bto regardless normal type, plus or prime or EC route is still ideal as a first property. subsequently if finance allow then move to Pte condo.
This title is misleading. There are two Singapores. The banks are refering to those youth from Higher SOCIAL CLASS…
For that group, their parents are easily bail them out. It is high risk, but they can afford it.
Gee, what's the problem with housing prices?
🤔
Biggest beneficiary Developers n Govt
Baby thumbprint now accepted on loan document. Sign 2 generations to pay for 1BR condo.
TDSR is set at 55% by the government. Unless this is not considered as prudent, what is the purpose of telling borrowers to be prudent? Can qualify for loan means have the ability to service the loan.
Imagine being 28 and still being called too young to buy your first home.
That's how unaffordable Singapore housing is.
The keyword is parents...cannot afford yet desperate for condo, and still wan to burden ur parents....SMART my ass..this is what i call BURDEN
The “expats will definitely rent my condo next time” mentality 😂
If you can't pay in full, you can't afford it.
Do you pay for your house in full? 😂
@@jet-xr2zj I don’t own a home yet cuz I can’t afford! 😇
@@ckchong8858 I suppose you are saving up till you can pay in full?
This doesn't apply to properties/home. For EVERYTHING else (including cars) YES, I agree with you and they should be paid in full.
Youngsters are so daring buying all those $2000+PSF properties, taking up more than $1M mortgage loans, when they will be getting sacked soon no doubt as economy is tightening.
Yes, although the combine household combined income is $12K (as mentioned in the video), in my opinion it is still very daring to purchase property with bank loan more than $1M.
This seems to be happening in every major City around the world, in one form or another.
Let them learn the hard lesson.
😂😂😂 when I was young, I bought my first resales 3 room HDB at high price, my parents said I stupid. Now i have few properties. Young people should be more daring. I don't even finish my secondary school education. I believe young Singaporean will bring SG to new heights. Cheong ah! Vote PAP, u huat, I huat, everybody huat ah!
Be a slave to your job then even if you hate your job.
With all the wars that USA is being dragged into concurrently, their ever increasing $33 trillion debt, plus BRICs nations moving away from USD trade, I would not want to go into debt now.
It is better to buy property now than buy later when price would increase much further. High mortgage does not matter.
It is worrisome when flagship media is publishing this.
Properties should be to live in. This perpetuates the increase to the point that hardly any normal person can afford a roof over their head.
Is it want to flip in a few years time?
New 5 room HDB used to be $250k 20 years ago, maybe police also wear shorts at that time
What could possibly go wrong??
As a Canadian I see this as a global problem
Sounds like Vancouver
For 1.5 millions u can buy a luxurious bungalow in Malaysia instead of a small pigeon hole...😅😅
thats about RM5m+, so so so many choices
Indian origin person speaking in Singapore accent was cool
With prices so high & income so low, what’s the alternative? Sleep on the streets?
When banks tell you to chill on loans.
Who's fault?
must be nice to have parents giving you half of the home equity lol
Just be careful of the 15 months if need downgrade to HDB
They can reject the loans? Advise but keep approving like hypocrites? 😂
Need more loan so that our TBill / investment interest will go up.. thanks kids
Buying for own stay is ok. If buying for investment, can get into trouble
congrat! just spend it like no tomorrow! hope the market hit hard on recession.
In debt for life
Lol, fixed rates when fed cutting rates
I worry for these stupid youngsters sia. Gone were the days where we only look at HDB as our first home. What is wrong with staying in HDB? We will get all the perks from garmen.
This is the new batch of investors making housing even more expensive in the future.
What if they cant afford to pay the mortgage as no tenants ? So risky
There may be more people committing suicides etc if unable to pay
Why condo 1.2 m ? HDB 1m liao! Y pap not working hard to push cheapest condo 4 m?
No child porn no sex with minors no illegal drugs abd no illegal firearms in any nation or violence against women or chikdren!!!!!!!!!
100% most will lose their condo when jobs are loss when recession comes. And it will always come. I feel so sorry for these buyers. Property cycle always repeat. If u don't believe me ask the older folks.
Quite sure many of these youngsters have papa mama money helping them
Lucky there is no recession
The cracks will appear v soon .sporean ai si lio . Loan is shiok , pay back will be hell .
Dumb. Of course take bank loan. Prices are stupidly high. These younger generation also know by the time their parents passed on, they will have much money on hand. Hence they are willing to take risk for their current property.
This youth are rich in LOANS
Can you rely on your agent's valuation? Curious about your neighbor's selling price? #Ohmyhome
Basically if you are poor, stay renting forever and give money to property tycoon landlords
Sorry to say it, but good times do not last, what if there is another major economic turbulence, a bad financial decision could cost your entire life😅
MAXILOAN.....TAI E LONG🤣🤣🤣🤣🤣
Solution, introduce MSR to all private properties, not just for HDBs and ECs😂. Their trick? Don't take car loan 1st, stop using credit cards and apply for home loan..😂
Smart people invite financial problems for themselves
DP $300k. Parents pay half. So now she working + expecting rental income to pay off the mortgage. Alamak! how to get married??
Dear Singapore friends- don’t take loans.
The bankers did covid lockdown. They killed your relatives and family.
It’s difficult to explain.
There is a trust fund which owns all of Singapore.
The beneficiaries are you. Natives.
Admin of this trust fund is your gubment.
Thomas raffles descendants are the admin of your trust fund.
In olden days if the person in whose name trust is made died without will then whole trust land becomes admin property.
pap ran out of land for public housing? means less childbirths? less NS? will pap gangs give birth 100 sons?
Lol
might aswell dump your money into btc. atleast u will get profits faster
Going to be like China. Whole village chip in to buy the house.
no money play landlord dont play la.. head not so big but want to wear big hat for wat
More human warehouses
rich get rticher :)
hahah Singaporeans way to GO
Buy Buy Buy........
The home purcgase may as often be a gov bobd by liquud govern a isa and current. This then renting alliws edhcation ans finding friends in ling future. Cars less so this money is a boon by fashion shoes heakth self awareness and knowibg much mire whuch that mobey enablea a house ourcgas3 by marriage a youth by renting a steady communuty
Your hdb is already almost same price as condo, you might as well top up a bit buy condo, then 20-30 years later sell condo use earnings buy smaller hdb.
Lol..this is superficial thinking..only need to consider the monthly maintenance fee which will be another killer blow
Yes, the greed. That’s what the property agents advised and wants you to think in order to bait you in to keep making their pockets fatter. Don’t get yourself into huge loans that you can’t afford to pay off should anything happens.
I'd rather buy a farm and build a nipa hut house
I have already told my daughter I will help her pay the down-payment in 2028, 3 years after she graduates.
Are you looking for a son in law?
Play cheat one 😢
@@heyilikeable go for it. You will win Ocswoodlands' heart if you take over his pledge to pay for the down-payment in 2028.....
2028, OCR prices already 2300 PSF, get ready to be carrot head HAHA
Property is sure way to huat... So if one can leverage, one should.
first gals relaly smart, leedon green is a great investment
Sure lose money
freehold ccr. Most blocks within 1km of nanyang primary. Value is there
Better than Taiwan