New developments to share

[kslresidence]

Oh I didn't know that. I thought Malaysian can already.:p

haha, too bad I didn't qualify for Malaysian citizenship yet. so I am still foreigner... Sad case, Malaysia citizenship seems a lot harder to get as compared to our pink I/C. considering I should be more qualified than those zhi char chef and massage girls from PRC who managed to obtain our Pink I/C without much difficulties.

 

[snowbird]

24,000 private homes in Singapore sitting empty

That's bad new!
At least in SG, there is this URA that compile and publish up to date statistics on housing status to help you in making calculated decision.
But in JB or even the rest of MY, no authorities or agencies that provide accurate similar info hence not a single person can tell how many private homes are there sitting empty, everything is just a guessing game!!!

https://sg.news.yahoo.com/24-000-private-homes-spore-sitting-empty-045302509--sector.html

 

[kslresidence]

24,000 private homes in Singapore sitting empty

That's bad new!
At least in SG, there is this URA that compile and publish up to date statistics on housing status to help you in making calculated decision.
But in JB or even the rest of MY, no authorities or agencies that provide accurate similar info hence not a single person can tell how many private homes are there sitting empty, everything is just a guessing game!!!


https://sg.news.yahoo.com/24-000-private-homes-spore-sitting-empty-045302509--sector.html

There are estimated 72,000 units in the pipeline from now till 2018. so you can make smart estimate as well

 

[Manhattan]

24,000 private homes in Singapore sitting empty

That's bad new!
At least in SG, there is this URA that compile and publish up to date statistics on housing status to help you in making calculated decision.
But in JB or even the rest of MY, no authorities or agencies that provide accurate similar info hence not a single person can tell how many private homes are there sitting empty, everything is just a guessing game!!!

https://sg.news.yahoo.com/24-000-private-homes-spore-sitting-empty-045302509--sector.html

No need to worry if you don't need the rental to keep up with the mortgage every month. Btw, subprime may be brewing in Johor if the banks continue to give out 100% loan to sgreans.

 

[kslresidence]

No need to worry if you don't need the rental to keep up with the mortgage every month. Btw, subprime may be brewing in Johor if the banks continue to give out 100% loan to sgreans.

Now still got 100% loan to singaporean

 

[snowbird]

There are estimated 72,000 units in the pipeline from now till 2018. so you can make smart estimate as well

We all know how many units will be churning out in 3 years time but how many will be also sitting empty is the question.
That's why, all those who are happily looking forward to TOP for rental to service their loan will be in for a rude shock by then.

 

[Frodo]

Now still got 100% loan to singaporean

Never heard of that either. I got 90% for my first property I um chio already, happy like toad. LOL!

 

[Frodo]

We all know how many units will be churning out in 3 years time but how many will be also sitting empty is the question.
That's why, all those who are happily looking forward to TOP for rental to service their loan will be in for a rude shock by then.

Transport infrastructure would be the game changer, I think. Hope things don't drag but move steady ahead.

 

[kslresidence]

We all know how many units will be churning out in 3 years time but how many will be also sitting empty is the question.
That's why, all those who are happily looking forward to TOP for rental to service their loan will be in for a rude shock by then.

at least someone is seeing eye to eye as me

 

[kslresidence]

Transport infrastructure would be the game changer, I think. Hope things don't drag but move steady ahead.

based on the given oil price at current market plus PM Najib announcement of amended Budget 2015, it appears this project could drag longer than expected, unless they take a loan from Singapore again.

 

[snowbird]

Transport infrastructure would be the game changer, I think. Hope things don't drag but move steady ahead.

You are pinning too much false hope on something which till now is still "talk only" and this "talk" can just go on and on........
Even for roads, they really build extremely poor quality roads here...........eg. like those roads around the Aeon Bukit Indah, its already filled with huge potholes all over and they are only few years old.
In fact, I'll be very happy if they just improve all the road condition in the city, fill up all the hundreds of potholes, improve the drainage, repair all the malfunctioning street lights and traffic lights...........

 

[Manhattan]

Never heard of that either. I got 90% for my first property I um chio already, happy like toad. LOL!

It's happening everywhere. The developer put 100% in the spa, bank give 90% loan, then developer give 10% discount. Isn't this 100% to the buyer?

 

[kslresidence]

It's happening everywhere. The developer put 100% in the spa, bank give 90% loan, then developer give 10% discount. Isn't this 100% to the buyer?

Oh you mean this way... LOL this is project dependent ma. cannot count like that. many projects still demanding 20% upfront.

 

[kslresidence]

You are pinning too much false hope on something which till now is still "talk only" and this "talk" can just go on and on........
Even for roads, they really build extremely poor quality roads here...........eg. like those roads around the Aeon Bukit Indah, its already filled with huge potholes all over and they are only few years old.
In fact, I'll be very happy if they just improve all the road condition in the city, fill up all the hundreds of potholes, improve the drainage, repair all the malfunctioning street lights and traffic lights...........

I suspect chances of new development such as rail transport will make more sense to the govt as this is a good opportunity to set for eg 500billion budget, and pocket 200billion first. Repair of roads... Nah.... too ikan bilis for these hungry sharks.

 

[Manhattan]

Oh you mean this way... LOL this is project dependent ma. cannot count like that. many projects still demanding 20% upfront.

It's based on my experience, how the banks give out such loans to sgreans is scary. Hopefully not too many. It brings me to the next question, can a msia bank make a Singapore bankrupt in sg if he cannot pay? Esp after foreclosure also cannot recover the loan.

 

[kslresidence]

It's based on my experience, how the banks give out such loans to sgreans is scary. Hopefully not too many. It brings me to the next question, can a msia bank make a Singapore bankrupt in sg if he cannot pay? Esp after foreclosure also cannot recover the loan.

Once they make you bankrupt, you cannot travel without OA approval, as such, you will have difficulties re-entering the country. I am sure they will sue you for your singapore asset to recover the liabilities as well. So ya, those who over commit should really be worried.

 

[snowbird]

It's based on my experience, how the banks give out such loans to sgreans is scary. Hopefully not too many. It brings me to the next question, can a msia bank make a Singapore bankrupt in sg if he cannot pay? Esp after foreclosure also cannot recover the loan.

The banks can ONLY seize the property to force sell in an auction or foreclosure, they can't touch you in SG.
Read your loan agreement carefully on your commitment and liability.
The danger is the approved loan %age is so high, any depreciation in property value will be negative recovery for the banks.

 

[FHBH12]

You are pinning too much false hope on something which till now is still "talk only" and this "talk" can just go on and on........
Even for roads, they really build extremely poor quality roads here...........eg. like those roads around the Aeon Bukit Indah, its already filled with huge potholes all over and they are only few years old.
In fact, I'll be very happy if they just improve all the road condition in the city, fill up all the hundreds of potholes, improve the drainage, repair all the malfunctioning street lights and traffic lights...........

To be fair, the MY government collects very little from car owners to maintain the huge network of road and street light. SG government taxes car owners severely and when you get nice roads you get ERP. Note satellite ERP is coming soon so wherever you park or drive you have to pay.

 

[Manhattan]

The banks can ONLY seize the property to force sell in an auction or foreclosure, they can't touch you in SG.
Read your loan agreement carefully on your commitment and liability.
The danger is the approved loan %age is so high, any depreciation in property value will be negative recovery for the banks.

So the bank cannot make a Singaporean bankrupt in sg, can only force sell the unit and recover cost. When shit hits the fan, a Singaporean run road and bank left with a unit with negative equity, then banking system collapsed like US of A. But this time no ah gong to bail them out.....

I dont like the interest charged so did not take the loan, so no idea what's inside the loan agreement.

 

[kslresidence]

so the bank cannot make a singaporean bankrupt in sg, can only force sell the unit and recover cost. When shit hits the fan, a singaporean run road and bank left with a unit with negative equity, then banking system collapsed like us of a. But this time no ah gong to bail them out.....

I dont like the interest charged so did not take the loan, so no idea what's inside the loan agreement.

cash buyer alert!