Serious Sinkies are borrowing money and snatching up properties at this time.

[hbk75]

Previously old resale flats got lesser value because not lease and not it becomes non issue again. People are racking up debts at this time to buy overpriced properties when a big group are still deferring their mortgage payments.

Really is covering up the holes to make the situation looks better. But looking at the current outbreak and situation now. Things could get ugly anytime and many ppl find themselves jobless and unable to service these debts. Inflation in USA is getting ugly and soon will have to reduce on the amount of money which they are printing. Then probably everyone will get a feel of the hard truth.

Actually many jobs are at risk now. Someone could just easily goes out of job at this point of time.

 

[Cottonmouth]

Not a problem if bet goes wrong.

 

[hbk75]

Not a problem if bet goes wrong.

Really every sinkies are racking up debts in record levels.

 

[SalahParking]

KNN your english is atrocious. You must be Malaysian Chinese.

 

[millim6868]

jiuhu is worse cos they lost jobs in sg n worse jb no business cos sinkies not there to spend,now who is at worse,actually both ,but worse is Malaysian cos they tend to overload themselves with few properties in Malaysia,cos at first they tot they are earning 3 times the currency in sg as to ringgit

 

[countryman]

Those who bought properties lately are the cash rich ones.. Just take a look @The COE prices recently n you'll see there're still alot of cash rich ppl out there! Mercs n Beemers are selling like hot cakes now n each car easily is around 160k averaging....

 

[parrardee]

You are another idiot jiuhu kia.

jiuhu is worse cos they lost jobs in sg n worse jb no business cos sinkies not there to spend,now who is at worse,actually both ,but worse is Malaysian cos they tend to overload themselves with few properties in Malaysia,cos at first they tot they are earning 3 times the currency in sg as to ringgit

 

[congo9]

I have a whatapp group. I had been receiving property put up for auction every day. It had been like this since early since 2020

 

[hbk75]

KNN your english is atrocious. You must be Malaysian Chinese.

Diam lah. Type in forums need to use queen's english

 

[hbk75]

I have a whatapp group. I had been receiving property put up for auction every day. It had been like this since early since 2020

They are covering up by granting loans deferments.

 

[hbk75]

Those who bought properties lately are the cash rich ones.. Just take a look @The COE prices recently n you'll see there're still alot of cash rich ppl out there! Mercs n Beemers are selling like hot cakes now n each car easily is around 160k averaging....

Buying hdb cannot be cash rich ppl. Just taking whatever loans they needed to buy.

 

[SalahParking]

I am cash rich, that's why banks give me so much loan. almost free Money.

 

[syed putra]

Those who bought properties lately are the cash rich ones.. Just take a look @The COE prices recently n you'll see there're still alot of cash rich ppl out there! Mercs n Beemers are selling like hot cakes now n each car easily is around 160k averaging....

Some are just taking advantage of low interest rates. But inflation is shooting up.

 

[hbk75]

Some are just taking advantage of low interest rates. But inflation is shooting up.

Even Powell also scared why inflation never goes down.

 

[countryman]

Buying hdb cannot be cash rich ppl. Just taking whatever loans they needed to buy.

U sure they're not rich? 800k - 900k HDB's are easily sold nowadays especially those in matured estates... Easily I mean it's taken up within a week after they're advertised for sale..

 

[LordElrond]

The trouble is money is losing value with several trillions USD printed.

 

[laksaboy]

Could it be because they expect interest rates to rise in the near future? Maybe someone has insider info.

 

[LordElrond]

Could it be because they expect interest rates to rise in the near future? Maybe someone has insider info.

This has been speculated for years… it will take a long time before rates go up again. It is going to be really hard for rates to go up when US has printed additional 40% total money supply in the last 12 months

 

[countryman]

This has been speculated for years… it will take a long time before rates go up again. It is going to be really hard for rates to go up when US has printed additional 40% total money supply in the last 12 months

Property prices will keep moving up if interest rates remain low...

 

[SalahParking]

Diam lah. Type in forums need to use queen's english

confirmed chop jiuhu kia