agree with brother here, a healthy dose of scepiticim is good. I'm still rather optimistic with the long term outlook in this region.
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Living in JB
- Thread starter wuqi256
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agree with brother here, a healthy dose of scepiticim is good. I'm still rather optimistic with the long term outlook in this region.
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"Inflation cancels out bank interest cost
If your personal inflation rate is above the bank interest rate, you actually end up paying less back. For example, if the bank interest rate is 4% (which is the current rate of BLR – 1.8% for residential properties) and your inflation is 5%, you actually end up paying back RM902,181 for a loan of RM1 million. Unbelievable, but it’s true."
Wow so SG interest rate 1%, inflation rate 6% means can save alot more..
Dear the golf,
Pls take no offense on my following comments. This is my personal opinion and I am just going to state it very candidly.
I am not going to argue every point you put forward and undoubtedly, some of your points make absolute sense. If that was the case, why do we still invest?? The many questions you posed can best be answered by the following very familiar quote post by aangsc
"The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty" - Winston Churchill
It definitely takes alot more than mere optimism to be a good investor. Suffice to say, a good investor will see beyond the obvious. When all the questions are answered, its normally too late and time to enjoy the sunset...... The question should be, are you able to enjoy the sunset or are you still asking whyssss,,,,
Last week was invited for Privileged Review and booking. 20th floor facing S'pore 2-bedrooms of 958sf for RM600K (623psf) with 8% rebate (~573psf) . No installment till 3yrs upon completion. Before that all bank interest borned by developer. No legal fees for both S&P and loan agreement excluded stamp duty. Early bird also free airconds, master bedroom wardrobe, kitchen cabinet. Quite tempting to make a booking.... at last also gave up!! With current economic full of uncertainies
, rather keep $$$ wait and see!I think it is written by someone by the name of Audrey as per the link?
PH, sadly, 3 years ago, i shared your exact views. Getting to know more people who needed help however have changed what i thought.
Very low and zero corruption? Probably but we are now number 5.
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_740406.html
Even just recently an MP was found to be corrupted Well yes, if you need to really compare corruption in 3rd world countries.
I am glad at least that you are not saying that there are no homeless in Singapore:
http://asiancorrespondent.com/28316/are-the-homeless-in-singapore-being-raped/
http://asiancorrespondent.com/57462/the-homeless-in-singapore-and-berkeley/
Lets look at some countries:
In Japan, there are people who died because they starved.
http://www.nytimes.com/2007/10/12/world/asia/12japan.html?pagewanted=all
Even in comparable countries like Taiwan.
http://www.straitstimes.com/BreakingNews/Asia/Story/STIStory_661762.html
I won't go on further about comparison but fact is, even in well developed countries, there are people still starve to death. No country is immune.
I saw a case when i was a young boy in 1988, they claimed she died from her fall but everyone knew better.
Not even talking about gangsterism, lets just talk about about robberies and murders which happens all over the world
http://www.spf.gov.sg/infomap/infomap_index.htm
http://www.asiaone.com/News/The+New+Paper/Story/A1Story20110110-257445/2.html
http://news.asiaone.com/News/AsiaOne+News/Singapore/Story/A1Story20110704-287343.html
Fact is, no country is immune to anything. I am glad that there are still good charities keeping people fed in Country A.
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Paisei... Talking about helping poor and not about security...
Agree with all above.
Cheers,
PH
Agree with all above.
Cheers,
PH
Yes, good to look at it from the other perspective. Never put all your eggs in one basket though is my own philosophy.
For me, i am remain optimistic not just for any developments but as a whole for the Iskandar region. With the incoming changes and external influence from neighbouring countries as well as not so neighbouring ones. The dynamics that governed many countries in SEA now may well change. For the better or the worse.
If that really happens, we are in for a rocky ride according to my very learned friends who have long since secured houses in different hinterlands all over. Countries though that may now seemed to be "bankrupt" or have "no future" may suddenly be deemed to be the next big thing. Only change is inevitable.
A really learned friend once shared with me. "If there was no serious reason, there would have been no investment"
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PH, i really enjoyed the discussion with you, no offence meant.
I just wished more people in Country A can be helped.
To those reading this.
Some people in Country A is really very pitiful, people drive around with stickers to be kind to animals but they forgot
people in Country A needs help too. People are animals too! (Be kind to animals & PEOPLE)
Charity begins at home, you don't need to go to a far flung country to help others or build houses.
There are already people suffering in one room rental flats. I know, i used to live in one for years but lacked the power
to help back then. More should be done instead of flying overseas to help others, we can use the money we spend for
hotels/flights to help straightaway.
As it is, there are homeless in Singapore, why worry about shelters for people in other countries when you already have
homeless near you? They deserve more help as they are in 3rd world countries?
Many years, back then i was very keen to be a missionary but someone told me this:
Hunger is as keenly felt by those in first world countries as much as those in 3rd world countries. There is no difference, basic
needs for food, heat and shelter are universal.
We should not discriminate based on the country they are from especially if they are from our own.
I just wished more people in Country A can be helped.
To those reading this.
Some people in Country A is really very pitiful, people drive around with stickers to be kind to animals but they forgot
people in Country A needs help too. People are animals too! (Be kind to animals & PEOPLE)
Charity begins at home, you don't need to go to a far flung country to help others or build houses.
There are already people suffering in one room rental flats. I know, i used to live in one for years but lacked the power
to help back then. More should be done instead of flying overseas to help others, we can use the money we spend for
hotels/flights to help straightaway.
As it is, there are homeless in Singapore, why worry about shelters for people in other countries when you already have
homeless near you? They deserve more help as they are in 3rd world countries?
Many years, back then i was very keen to be a missionary but someone told me this:
Hunger is as keenly felt by those in first world countries as much as those in 3rd world countries. There is no difference, basic
needs for food, heat and shelter are universal.
We should not discriminate based on the country they are from especially if they are from our own.
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I don't think we missed a lot, there are still boats here.
I am here because of my family not really just for $$$. There are easier and faster ways to make money as property investments are long term and long haul. If i was really in it to make money, i would have set up different businesses rather than something for kids.
I may be gone from the world tomorrow but i need to make sure their world is still there when i am gone.
I might not be there forever but my love for them will still manifest itself hopefully long after i am gone.
I ask not for a tear, frown or bow but a smile knowing that my heart is still with them, somehow.
Wuqi256, 2011
No worries. If I find comment out of point, I would not have waste time reply...
Totally agree with the above. I have always help people closest to me first including friends and family members. As for others, I would help if I pay a visit to the country.
Other ways to help including teaching people how to "fish" and make a living instead of giving them "fish" instead of giving them "fish". In fact, I have help many to "fish" successfully instead of working for someone.indirectly, I am also feeding their family members and themselves.
Nice talking to you too.
Cheers,
PH
Totally agree with the above. I have always help people closest to me first including friends and family members. As for others, I would help if I pay a visit to the country.
Other ways to help including teaching people how to "fish" and make a living instead of giving them "fish" instead of giving them "fish". In fact, I have help many to "fish" successfully instead of working for someone.indirectly, I am also feeding their family members and themselves.
Nice talking to you too.
Cheers,
PH
I would still advise against over leveraging, for own stay, buy the biggest you can reasonably afford. For investment, buy a "ship of the line" (depending on the maximum size and type of house you are comfortable with) house for own stay and then, only then, you think of buying others smaller houses.
WELL SAID, Bro Wuqi........
Bros who are buying subsale, please do be reminded that you should get your own lawyer and different from the one representing the seller. Even if it costs more.
That way, the lawyer will act in your best interest. Also, there are people who wants the 10% before state consent. State consent is normally granted after a few months but could take a while, 2-4 months typically and some sellers could be needing money before that hence there are some who asks for 10% prior to the state consent.
This is not that rare a request but best to get everything documented in black and white before you commit.
1. If a seller persists in delaying signing the S&P, its a bad sign.
2. If an agent offers to return you your cheque the very next day.
3. Always appoint your own lawyer even if it costs you more. Do not listen to agents asking you to use theirs or
only theirs can handle it.
4. Soft negotiations can be done sometimes, instead of disbursing 10%, ask for 5% or the right to move in early
to the house.
5. Where a deal goes south or even after a deal concludes well, you have the right to ask for a discount from the
lawyers if you find that the service was tardy or slow.
6. Don't be afraid to seek legal advice, there are reputable ones such as Syed Alwi, Ng & Co*.
7. Where possible, buy direct from developer or from direct owners if you really cannot get it direct.
8. Agents* should normally only be getting the comms direct from the seller unless somehow that agent saved you
a ton of money.
*Wuqi256 is not in any way related to agents or any law firms.
That way, the lawyer will act in your best interest. Also, there are people who wants the 10% before state consent. State consent is normally granted after a few months but could take a while, 2-4 months typically and some sellers could be needing money before that hence there are some who asks for 10% prior to the state consent.
This is not that rare a request but best to get everything documented in black and white before you commit.
1. If a seller persists in delaying signing the S&P, its a bad sign.
2. If an agent offers to return you your cheque the very next day.
3. Always appoint your own lawyer even if it costs you more. Do not listen to agents asking you to use theirs or
only theirs can handle it.
4. Soft negotiations can be done sometimes, instead of disbursing 10%, ask for 5% or the right to move in early
to the house.
5. Where a deal goes south or even after a deal concludes well, you have the right to ask for a discount from the
lawyers if you find that the service was tardy or slow.
6. Don't be afraid to seek legal advice, there are reputable ones such as Syed Alwi, Ng & Co*.
7. Where possible, buy direct from developer or from direct owners if you really cannot get it direct.
8. Agents* should normally only be getting the comms direct from the seller unless somehow that agent saved you
a ton of money.
*Wuqi256 is not in any way related to agents or any law firms.
Thank you for your constant help and contribution to the community, bro, you are the man!
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