Skip to main content

CM again? Shoebox apartments how?

The latest set of cooling measures are targeted at the enbloc rich and we'll heeled downgraders buying into the resale HDB market. The trigger is likely the million dollar HDBs increasingly transacted.

Tons of blogs and posts have touched on the measures in detail, so I will not repeat ad nauseum. But then we ask, what is the impact, if any, on shoebox owners and hunters?


Popularity of smaller units may increase as a result of tighter LTV because buyer budget dropped by 5%. Perhaps now for some of us, shoebox condo and apartment units become the only viable choice due to the lower TDSR and higher loan interest reference point. Given the likelihood of interest rates breaching 4% soon it pays to be prudent and not over commit.


As long as property value is preserved there is always room for upgrade in the future. For those who are downgrading, perhaps also a good opportunity to Marie kondo stuff away so smaller spaces are still liveable.




Comments

Post a Comment

Popular posts from this blog

Living Large in Tiny Shoeboxes

Now that I have moved into yet another spanking new shoebox apartment, decorating and fixing stuff up from scratch, let me share some tips on living up the space to the fullest. 1. Go multi-purpose, multi-function Where space comes at a premium, every inch counts. You want to buy stuff that can perform dual, triple or more roles. Ikea has a lot of ready to use examples. Daybed - sofa, bed, storage rolled into one. Side table with storage.  Removable cover is also a serving tray. Pot holder, doubles up as table cloth. Chopping board, doubles up as placemats. Multi-cooker, steam, boil, cook rice at one go. Available in qoo10. Multi-function scissor - knife, scissors, can opener 2. Make use of vertical space Hangs over doors Fix a drop leaf table to the wall. Mount two heavy duty hooks onto the wall on either side of the table to hang up both folding chairs when not in use. 3. Foldable, stackable, nestable pieces save
2 comments
Read more

Studio apartment investor goes all-in

2013 feb 18 Studio apartment investor goes all-in No diversification needed when one is young, property investor tells CAI HAOXIANG Most investors live by the virtues of diversification - that is, not putting all your eggs in one basket. Not Ryan Khoo Chung Ming. The 30-year-old bought his first apartment in his native Malaysia in 2007 when looking for a place to stay. Then, the market was not as buoyant. He spotted an opportunity for studio apartments and bought more and more, maxing out his borrowing limits. He even moved to Singapore in 2009 to get a higher-paying job so he could borrow even more. Today, he owns 13 apartments in Kuala Lumpur, a studio apartment in the United States, a studio apartment in Singapore, and has also invested in an office unit in Johor Baru and a hotel floor in KL. The total value of his portfolio has gone up and is now worth RM10 million (S$4 million). Half of the portfolio is yield-generating, with the remainder under construction. Like many who
Post a Comment
Read more