Indeed, home is where the heart is.
But … haiz by the looks of things, by the time I’m eligible for buying a house locally, I would think I have to really pay a premium to get a place that I really like.
Reading the local news can be so discouraging, as resale home prices are skyrocketing, the applications outnumbers the housing availability, and the influx of foreigners are spoiling the flat market.
Forget private housing, I’m not looking into it. Unless I’m married with the spouse nagging for more privacy, or having a big family, yes. But a single dude like me, HDB flats are the way to go for now.
Resale home prices soar
Via ST
RESALE prices for private homes have gone through the roof this year and are now above the sky-high levels seen in the 2007 boom.
A Savills Singapore report said average values in the segment in January and last month shot ahead of the dizzy heights set three years ago.
The soaring prices are part of a larger picture that depicts the entire real estate sector roaring along in top gear.
Rising prices in the HDB market – and high launch values for new homes – are helping to push buyers into private resale homes, say experts.
Savills research showed that average prices for non-landed private resale homes have surpassed the 2007 peak by 6 per cent while landed home prices are 15.6 per cent ahead.
Private resale home prices are also now above the 1996 peak. This means they are at the highest level ever seen, said Ms Christine Sun, the firm’s senior manager for research and consultancy.
Bras Basah flat sets record
Via ST
A TAIWANESE couple have paid $650,000 for a four-room flat in Bain Street – smashing Housing Board (HDB) records and reflecting the strength in the red-hot resale market.
The sale price works out to be $736 per sq ft (psf) for the 30-year-old flat on the 25th floor of a block at Bras Basah.
That is the highest psf price paid for an HDB property and is on a par with prices of private homes in suburban areas.
By the look of this, looks like I’ve to expand my business and make even more money to afford what I want. Bloody hell, just when I’m in a cruise control now of doing ‘nothing’, and living comfortably so far.
I’ve always believe in making backup plans for life, and contingencies plans for the backup plan. Alright I’ve moving off my butt now, and am changing my 5 year plan once again.
In Singapore, one can’t dwell and be complacent.
What do you think, are our gahmen making enough effort that enable its people to afford and own a HDB property?
Poll
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