u nid 2 take off a retailer hat n put on genuine fund mgr hat.
I ask u wat is going to happen on 17 Oct 2013?
think they'll just raise the debt ceiling again. same pattern every few years. Wall Street will create panic, then everything low. then good news high again.
no tapering why market never cheong?
focus on good companies, not just the market.
$1.5M is the new benchmark for cheapo mass market condos ... huat ah!!!
http://www.straitsti...0-sold-20130928
Sales for Sky Vue condo in Bishan off to a flying start with more than 400 sold
Sales for CapitaLand's Sky Vue condominium in Bishan got off to a rocking start with 410 of the 505 units released for sale on Saturday sold by 7pm.
Two-bedders, with an average price of $933,000 per unit, proved the most popular among buyers, said the property developer in a statement.
CapitaLand chief executive for residential properties, Mr Wong Heang Fine, said the firm was encouraged by the strong support from homebuyers and investors. "Most of our buyers are young couples who appreciate the well-articulated layouts and lifestyle amenities of Sky Vue and its proximity to the Bishan MRT station and Junction 8 shopping mall," he said.
The average price for all the units sold on Saturday was $1,500 psf. One-bedroom units and two-bedroom suites went for average prices of $750,000 and $1.15 million respectively, while the average price of a three-bedroom unit was $1.58 million.
Edited by Wt_know, 29 September 2013 - 10:33 AM.
flying start .... rocking start ....
$1.5M is the new benchmark for cheapo mass market condos ... huat ah!!!
http://www.straitsti...0-sold-20130928
Sales for Sky Vue condo in Bishan off to a flying start with more than 400 sold
Sales for CapitaLand's Sky Vue condominium in Bishan got off to a rocking start with 410 of the 505 units released for sale on Saturday sold by 7pm.
Two-bedders, with an average price of $933,000 per unit, proved the most popular among buyers, said the property developer in a statement.
CapitaLand chief executive for residential properties, Mr Wong Heang Fine, said the firm was encouraged by the strong support from homebuyers and investors. "Most of our buyers are young couples who appreciate the well-articulated layouts and lifestyle amenities of Sky Vue and its proximity to the Bishan MRT station and Junction 8 shopping mall," he said.
The average price for all the units sold on Saturday was $1,500 psf. One-bedroom units and two-bedroom suites went for average prices of $750,000 and $1.15 million respectively, while the average price of a three-bedroom unit was $1.58 million.
Released for sale = sold??
Edited by Yewheng, 29 September 2013 - 11:06 AM.
flying start .... rocking start ....
$1.5M is the new benchmark for cheapo mass market condos ... huat ah!!!
http://www.straitsti...0-sold-20130928
Sales for Sky Vue condo in Bishan off to a flying start with more than 400 sold
Sales for CapitaLand's Sky Vue condominium in Bishan got off to a rocking start with 410 of the 505 units released for sale on Saturday sold by 7pm.
Two-bedders, with an average price of $933,000 per unit, proved the most popular among buyers, said the property developer in a statement.
CapitaLand chief executive for residential properties, Mr Wong Heang Fine, said the firm was encouraged by the strong support from homebuyers and investors. "Most of our buyers are young couples who appreciate the well-articulated layouts and lifestyle amenities of Sky Vue and its proximity to the Bishan MRT station and Junction 8 shopping mall," he said.
The average price for all the units sold on Saturday was $1,500 psf. One-bedroom units and two-bedroom suites went for average prices of $750,000 and $1.15 million respectively, while the average price of a three-bedroom unit was $1.58 million.
Not fully sold?
Nowadays they like to tzechar the market by showing the psf.
Dare not emphasis the unit sizes. becos small like a pea.
What is a two bedder? 700sft? Thats like the size of three toilets add together.
The true test is not at launch but what happens afterwards.
total 694 units
released 510 units = 73%
sold 400 units = 57%
400/510 = 78% sold in day 1 of released units >> no wonder it's called rocket flying start ... not bad at all, property market has no sign of slowing leh
in terms of entire project still got 43% unsold ...
got 8 penthouses >>> calling throttle and radx, each take 4 units can liao ... lol
Edited by Wt_know, 29 September 2013 - 11:34 AM.
let's see how many pass the TDSR and lodge the caveat
total 694 units
released 510 units = 73%
sold 400 units = 57%
400/510 = 78% sold in day 1 of released units >> no wonder it's called rocket flying start ... not bad at all, property market has no sign of slowing leh
in terms of entire project still got 43% unsold ...
got 8 penthouses >>> calling throttle and radx, each take 4 units can liao ... lol
I wont buy such development lah.
Dont fancy the location nor the expected tenancy mix
Give me free on condition that i stay and cant sell, i will reject also.
Sorry just being frank.
while MCFers r arguing over few million, this guy argue over S$30M... again...remember his citibank crap? lol
lose $ blame others, make $ keep quiet...
http://www.reuters.c...N0HM1KG20130926
while MCFers r arguing over few million, this guy argue over S$30M... again...remember his citibank crap? lol
lose $ blame others, make $ keep quiet...
Yawn.....cant be bothered
I respect integrity and character not wealth.
win = 100% individual good foresight
lose = bank given wrong advice ... SUE ar !!!
buy liao property price goes up = walk with pride ... yayapapaya
buy liao property price crash = complain govt fault ... wahaha
http://www.reuters.c...N0HM1KG20130926
while MCFers r arguing over few million, this guy argue over S$30M... again...remember his citibank crap? lol
lose $ blame others, make $ keep quiet...
Edited by Wt_know, 29 September 2013 - 03:05 PM.
that's normal
win = 100% individual good foresight
lose = bank given wrong advice ... SUE ar !!!
buy liao property price goes up = walk with pride ... yayapapaya
buy liao property price crash = complain govt fault ... wahaha
for every winner, theres loser... wonder whos d fella who got the S$30M on d other side of d trade :)
for every winner, theres loser... wonder whos d fella who got the S$30M on d other side of d trade :)
Its the market. Not one single person.
I wont buy such development lah.
Dont fancy the location nor the expected tenancy mix
Give me free on condition that i stay and cant sell, i will reject also.
Sorry just being frank.
True u only aim D1, D9, AND D10
Buy whatever he selling
Edited by Staff69, 29 September 2013 - 04:18 PM.
True u only aim D1, D9, AND D10
Base on records , yes.
But thats not really in my rule book.
Just dont like to be in the same frenzy crowd .
I prefer to buy when i prefer to buy.
Its the market. Not one single person.
Hehe u know never such big tranche usually is block traded executed manually by fx broker dealers. He just doesnt like getting screwed lol.
I wont buy such development lah.
Dont fancy the location nor the expected tenancy mix
Give me free on condition that i stay and cant sell, i will reject also.
Sorry just being frank.
Wow... Even local yuppified, highly-educated, white-collar district like Bishan also too low class for you ah? You really atas to the max liao haha...
hit the iron while it's hot ... whack ah ... huat ah !!!
Edited by Wt_know, 29 September 2013 - 06:13 PM.
Wow... Even local yuppified, highly-educated, white-collar district like Bishan also too low class for you ah? You really atas to the max liao haha...
I just rather live with normal folks who are more real then the half past six yuppified white collared bunch showing off their hp instalment cars and watches and "luxury" items.
Breakfast for me is likely just half boiled eggs at local stall over some egg benedict in some wannabe cafe.
Bishan is just not one of my preferred.
Just like sengkang too.
How about you?
Must be Watten Estate ah?
Or yuppified Siglap area?
Edited by Throttle2, 29 September 2013 - 07:38 PM.
http://www.reuters.c...N0HM1KG20130926
while MCFers r arguing over few million, this guy argue over S$30M... again...remember his citibank crap? lol
lose $ blame others, make $ keep quiet...
Orbigoot.
I dated one of his daughters long time ago, he's a feckin' arse.
Orbigoot.
I dated one of his daughters long time ago, he's a feckin' arse.
Aiyoh why you so sway??
I just rather live with normal folks who are more real then the half past six yuppified white collared bunch showing off their hp instalment cars and watches and "luxury" items.
Breakfast for me is likely just half boiled eggs at local stall over some egg benedict in some wannabe cafe.
Bishan is just not one of my preferred.
Just like sengkang too.
How about you?
Must be Watten Estate ah?
Or yuppified Siglap area?
Please lah bro, I hang out at Havelock Rd Beo Crescent one lah. Either that or Jalan Besar Lavender. You can find me in mustafa or hanging in one of the coffeeshops there. What Watten Estate. Sounds so high class. Waaaah... I cannot tahan lah... Bishan also cannot smell liao, you recommend what Siglap lah, Watten lah, see me too up liao lar....
build ah build ah build ah ... chop chop lolipop
hit the iron while it's hot ... whack ah ... huat ah !!!
how come you never take pic of your hand and your watch?
alternatively, i can ask MCFer Adobe Photoshop expert to super-impose throttle hand into my attachment before i post ... lol
how come you never take pic of your hand and your watch?
Edited by Wt_know, 29 September 2013 - 10:19 PM.
wahahaha ... i need MCFer to lend me money to buy rolie liao in order to point and shoot
alternatively, i can ask MCFer Adobe Photoshop expert to super-impose throttle hand into my attachment ... lol
Pay by instalment lah..
like every yuppies... :P
Edited by ShepherdPie, 29 September 2013 - 10:22 PM.
btw, nowadays yuppies favorite is AP ROO ...
Pay by instalment lah..
Edited by Wt_know, 29 September 2013 - 10:29 PM.
nah ... i like to buy everything in cash
wah.. you are the real people ! :P you qualify to be his neighbour.
Edited by ShepherdPie, 29 September 2013 - 10:24 PM.
nah ... i like to buy everything in cash
Wow! Your sifu must be very proud of you!
anyway, i'm not a brave man ... see property 700sqft no $1M no talk ... my knee soft liao
Edited by Wt_know, 29 September 2013 - 10:33 PM.
talk only mah ... it's free ...
anyway, i'm not a brave man ... see no $1M no talk ... my knee soft liao
that's true.. only 1 guy here put this $$ where is his mouth is..
and probably kena burn big time last 2 wks ... I feel abit sorry for him also.
Edited by ShepherdPie, 29 September 2013 - 10:37 PM.
US government on verge of shutdown
http://www.theguardi...delay-obamacare
Edited by Wt_know, 30 September 2013 - 07:39 AM.
shoebox shops beh tahan liao ...
Tough going for Thomson V shops
http://news.asiaone....404-413491.html
Edited by Wt_know, 30 September 2013 - 07:50 AM.
today say market is huat, tomorrow say market is sh|t
Singapore home prices could fall 20% by 2015: Barclays
http://sg.finance.ya...-093153319.html
Edited by Wt_know, 30 September 2013 - 08:38 AM.
Wah sounds scary... Got to brave for a downturn...it's proven that TALK IS CHEAP
today say market is huat, tomorrow say market is sh|t
Singapore home prices could fall 20% by 2015: Barclays
http://sg.finance.ya...-093153319.html
the million dollar question is see who blink first
just look at the Thomson V report in ST ... many speculators bought the shoebox shops and let it empty because cannot get tenant even at dirt cheap rental ... holding power is sibei strong
there will be no firesales if there is no speculators kena burnt fingers
real owner and upgrader will just move in and live in the highly speculated condo and pay through their nose
Wah sounds scary... Got to brave for a downturn...
Edited by Wt_know, 30 September 2013 - 09:18 AM.
if they do, existing buyers will sue them?
if they don't, can they hold on the units for a long period like FEO die die will not sell cheap even the unit is left vacant for years
Edited by Wt_know, 30 September 2013 - 09:22 AM.
ST re-run the news and do a reality check on Thomson V after 6 months
shoebox shops beh tahan liao ...
Tough going for Thomson V shops
http://news.asiaone....404-413491.html
Those already TOP buay tahan.
Those havent TOP are trying to delay their completion.
I passed by another one of these mixed development, since clearing the site, construction seem to hv stalled. In between passing by it over 6 mths, looks like no work done ?
will Sky Vue and Sky Habitat lelong their unsold units coming near to TOP?
if they do, existing buyers will sue them?
if they don't, can they hold on the units for a long period like FEO die die will not sell cheap even the unit is left vacant for years
how many years can a developer hold a 99 year property before it starts to hurt?
ST is always good news.
of cse developers pay huge for 1 page prop adverts whose ballz u thk they angkat?
im a keynesian fan so i always rem this for long term prop investments as well as stock day trades:"mkt can stay irrational longer than u can remain solvent".
how many years can a developer hold a 99 year property before it starts to hurt?
a few yrs until they start paying tax for unsold land.
mthly chart looks v ominous n time for a big reset but im no fortune teller so it may happen next mth or next yr who knows.
Edited by Duckduck, 30 September 2013 - 10:18 AM.
sibei drama ... the oscar winner DRAMA KING govt
US government on verge of shutdown
http://www.theguardi...delay-obamacare
actually happen before. US damn exciting. always got pattern
crane fell today...
at least 1 dead... WTF recetnly worker fell 18 storys, mall roof collapse... wats next...
its ok.. GDP is positive LOL
Edited by Duckduck, 30 September 2013 - 12:56 PM.
Singdollar likely to keep rising
MAS expected to keep stance due to inflation risk, labour tightening
Published on Sep 30, 2013
By Chia Yan Min
ECONOMISTS expect the Monetary Authority of Singapore (MAS) will hold steady on its Singdollar stance when it meets next month.
That policy is to allow the local currency a "modest and gradual" appreciation against a basket of currencies of the country's major trading partners such as Malaysia, the European Union and China.
The exchange rate is the Government's main tool to combat inflation - a stronger dollar means imports cost less in Singdollar terms. But a strong Singdollar can put a dampener on growth by making exports less competitive.
While economists do not expect a change from the MAS, they warn that inflation is poised to rise after a relatively flat period, due to escalating car prices and an ever-tightening labour market.
Consumer prices were up 2 per cent in August over the same month last year, marking the fifth straight month that inflation has come in at or below 2 per cent.
However, OCBC economist Selena Ling said domestic cost pressures from the tight labour market are still a concern, especially on the back of a recent announcement made by the Ministry of Manpower.
Under the new Fair Consideration Framework, companies will soon have to prove they tried to hire Singaporeans first before they are allowed to recruit foreign professionals.
They will also have to pay foreigners with employment passes more from January next year.
"(The Government's) announcement of the Fair Consideration Framework and the enhanced employment pass qualifying requirements suggest there may not be any let-up in terms of the domestic labour market tightness in the near term," said Ms Ling.
Barclays economist Joey Chew agreed that "there are considerable cost pressures in the economy" from the labour shortage, and inflation is likely to accelerate towards the end of the year and into next year.
"Producers are only waiting for the right moment to pass on the costs, for example, when growth conditions improve," she added.
Recent policy changes that attempt to separate premium cars from mass-market models in the Certificate of Entitlement (COE) bidding process will continue to prop up premiums, noted UOB economist Francis Tan.
Mr Tan said the move has prompted many potential car buyers to bring forward their purchases, due to expectations that premiums will be higher next year.
"Together with the appealing discounts given by car dealers to reduce their inventories as another carrot for attracting new car buyers, this renewed wave of buying may prompt COE prices to go on an upward trend," he added.
A combination of these factors and the uncertain global economic outlook mean the MAS will have limited room to manoeuvre, said JP Morgan economist Matt Hildebrandt.
"The global recovery remains fragile and numerous risks remain, so the MAS does not have much room to tighten policy... Given the improved growth outlook and expectation for price pressures to firm, the MAS (also) has no room to ease next month," he added.
.com.sg">chiaym.com.sg
Siao liao
Singdollar likely to keep rising
MAS expected to keep stance due to inflation risk, labour tightening
Published on Sep 30, 2013
By Chia Yan Min
ECONOMISTS expect the Monetary Authority of Singapore (MAS) will hold steady on its Singdollar stance when it meets next month.
That policy is to allow the local currency a "modest and gradual" appreciation against a basket of currencies of the country's major trading partners such as Malaysia, the European Union and China.
The exchange rate is the Government's main tool to combat inflation - a stronger dollar means imports cost less in Singdollar terms. But a strong Singdollar can put a dampener on growth by making exports less competitive.
While economists do not expect a change from the MAS, they warn that inflation is poised to rise after a relatively flat period, due to escalating car prices and an ever-tightening labour market.
Consumer prices were up 2 per cent in August over the same month last year, marking the fifth straight month that inflation has come in at or below 2 per cent.
However, OCBC economist Selena Ling said domestic cost pressures from the tight labour market are still a concern, especially on the back of a recent announcement made by the Ministry of Manpower.
Under the new Fair Consideration Framework, companies will soon have to prove they tried to hire Singaporeans first before they are allowed to recruit foreign professionals.
They will also have to pay foreigners with employment passes more from January next year.
"(The Government's) announcement of the Fair Consideration Framework and the enhanced employment pass qualifying requirements suggest there may not be any let-up in terms of the domestic labour market tightness in the near term," said Ms Ling.
Barclays economist Joey Chew agreed that "there are considerable cost pressures in the economy" from the labour shortage, and inflation is likely to accelerate towards the end of the year and into next year.
"Producers are only waiting for the right moment to pass on the costs, for example, when growth conditions improve," she added.
Recent policy changes that attempt to separate premium cars from mass-market models in the Certificate of Entitlement (COE) bidding process will continue to prop up premiums, noted UOB economist Francis Tan.
Mr Tan said the move has prompted many potential car buyers to bring forward their purchases, due to expectations that premiums will be higher next year.
"Together with the appealing discounts given by car dealers to reduce their inventories as another carrot for attracting new car buyers, this renewed wave of buying may prompt COE prices to go on an upward trend," he added.
A combination of these factors and the uncertain global economic outlook mean the MAS will have limited room to manoeuvre, said JP Morgan economist Matt Hildebrandt.
"The global recovery remains fragile and numerous risks remain, so the MAS does not have much room to tighten policy... Given the improved growth outlook and expectation for price pressures to firm, the MAS (also) has no room to ease next month," he added.
.com.sg">chiaym.com.sg
i expect S$ to fall/MAS ease.
Mah Bow Tan: I didn't step down because of high housing prices
SINGAPORE - Former National Development Minister Mah Bow Tan has denied that he had to give up the post after the 2011 General Election because of sky-rocketing property prices.
It was time to retire and make way for younger and talented people to take over, he was quoted as saying in a new book.
Mr Mah is one of nine prominent Hainanese Singaporeans interviewed in the book.
There had been talk that he had to take the blame for rising property prices, but he did not think so.
Get the full story from The New Paper.
Look out for the new New Paper, which will be released in 3 days.
Time to retire
Mah Bow Tan had stepped down as Minister of Development in 2011 as it was time for him to retire, the former minister said in a new book published by the Hainan Culture and Heritage Research Centre.
In the Chinese book, Mr Mah refuted rumours that he had stepped down because of growing unhappiness over rising house prices, Shin Min Daily reported.
Mr Mah, who is Member of Parliament for Tampines GRC, had been in Cabinet from 1991 to 2011, and served as Minister for National Development from 1999-2011.
According to Shin Min, Mr Mah said that he did not have any complaints or regrets about his retirement.
Mr Mah also added that he believed he had given the "most precious and most valuable" period of his life to the Government and Singaporeans.
in the end, nobody knows.Wah left wrong right also wrong.
Siao liao
Mah Bow Tan: I didn't step down because of high housing prices
= he did.
Edited by Mockngbrd, 30 September 2013 - 02:09 PM.
Edited by ShepherdPie, 30 September 2013 - 02:15 PM.
how many years can a developer hold a 99 year property before it starts to hurt?
never.. ha ha ha .. FEO held alot of 99yr units in 1999 ... they continue to hold them until 2008-9, when the econ pick up and managed not sell them at 120% more that initial listing price + not forgetting the rental they earn along the long wait.
FEO is so confident in the resident mkt that half of seahills are not put into the mkt. Instead , they were completed as service apartments.
CDL/UOL no need to say la... backing are banks leh..
i just abt concern abt sim lian project...they may cut corners to reduce cost.
As mentioned before commerical pty does not look bright..
Residental is supported by a growing population and years of under estimates.. shld continue to be healthy.
However, dun expect prices like jgateway.
Edited by ShepherdPie, 30 September 2013 - 02:17 PM.
good time, bad time ... nevermind ...
if can sell ... sell high ... i cannot sell ... keep in the closet and when time is ready ... bring out again
never.. ha ha ha .. FEO held alot of 99yr units in 1999 ... they continue to hold them until 2008-9, when the econ pick up and managed not sell them at 120% more that initial listing price + not forgetting the rental they earn along the long wait.
FEO is so confident in the resident mkt that half of seahills are not put into the mkt. Instead , they were completed as service apartments.
CDL no need to say la... backing is a bank leh..
Edited by Wt_know, 30 September 2013 - 02:19 PM.
developer with DEEP POCKET sure win la
good time, bad time ... nevermind ...
if can sell ... sell high ... i cannot sell ... keep in the closet and when time is ready ... bring out again
not keep in the closet hor.. lend to ppl.. earn rental hor...and they get decent 5-7% return ( cost price meh).
aniway... i dun dare bet on rise or drop.. cos' too many factors liao.. if government suka suka take away the stamp duty.. then we will be all in for another ride.
Edited by ShepherdPie, 30 September 2013 - 02:22 PM.
Edited by Wt_know, 30 September 2013 - 02:29 PM.
never.. ha ha ha .. FEO held alot of 99yr units in 1999 ... they continue to hold them until 2008-9, when the econ pick up and managed not sell them at 120% more that initial listing price + not forgetting the rental they earn along the long wait.
not entirely correct
1999-2009 there was no holding period limit for non 100% singie developer
non 100% singie developers must sell all units within2 yrs of TOP: thats y SCGD went private: http://www.stpropert...d-fails/a/97521
"Developers unable to sell their units within the two-year period have to pay extension charges of 8 per cent of the property purchase price for the first extra year."
Edited by Duckduck, 30 September 2013 - 02:27 PM.
not entirely correct
1999-2009 there was no holding period limit for non 100% singie developer
non 100% singie developers must sell all units within2 yrs of TOP: thats y SCGD went private: http://www.stpropert...d-fails/a/97521
"Developers unable to sell their units within the two-year period have to pay extension charges of 8 per cent of the property purchase price for the first extra year."
as you mentioned , developers has ways and means to pull through the tough time. They have the legal backing to wriggle their ways out. It will take a long long time before they cannot hold on or hurt..
1999-2009.. was easier for them to hold. But it does not make now to hold impossible.
Edited by ShepherdPie, 30 September 2013 - 02:34 PM.
sell as 2nd hand lah..after rent out still sell as 1st hand or 2nd hand?
e.g. blue horizon.. saw the development in 2006(TOP) by FEO .. selling $400psf.
In 2010 , went again.. the estate is selling resale price is $600psf .
1999-2009.. was easier for them to hold. But it does not make now to hold impossible.
its not impossible, its just a matter of paying the tax..which is alot if many unsold like d case of SCGD. $70M of tax is crazy. i wldnt see it as "easy" to swallow even if its FEO. I dont know if FEO has any foreign shareholder or not, but if they do then r subject to same tax rules
its not impossible, its just a matter of paying the tax..which is alot if many unsold like d case of SCGD. $70M of tax is crazy. i wldnt see it as "easy" to swallow even if its FEO. I dont know if FEO has any foreign shareholder or not, but if they do then r subject to same tax rules
already say already... what make you think that FEO cannot get away from not paying the tax.
They could always buy the leftover.. then they are not subject to the unsold unit tax and rent under their service apartment operation. In any case, there may other creative ways that they coudl deployed. Their top management are paid to think and come up with these solution.
Edited by ShepherdPie, 30 September 2013 - 02:52 PM.
a quick check on propertyguru ... blue horizon selling at 1100-1200psf liao ... huat ah!!!
developer should keep the unit from 2006-2012/13
sell as 2nd hand lah..
e.g. blue horizon.. saw the development in 2006(TOP) by FEO .. selling $400psf.
In 2010 , went again.. the estate is selling resale price is $600psf .
Edited by Wt_know, 30 September 2013 - 02:43 PM.
collect 4 years rent and then sell at additional $200psft profit
a quick check on propertyguru ... blue horizon selling at 1100-1200psf liao ... huat ah!!!
developer should keep the unit from 2006-2012/13
yes.. you see wingtai and FEO joint-hands and bought the plot of land where now NEXUS and Floridian sits, just before 1997/8 crush. Wingtai split the land with FEO and build Nexus.. selling ard 700psf. FEO held their share of the land and build Floridian years later.. and sell it at 1400psf to 1700psf. How much did FEO earn in that bloody project ... i bet they got alot of holding power..
Edited by ShepherdPie, 30 September 2013 - 02:48 PM.
already say already... what make you think that FEO cannot get away from not paying the tax.
They could always buy the leftover.. then they are not subject to the unsold unit tax and rent under their service apartment operation. In any case, there may other creative ways that they coul deployed. Their those top management are paid to think and come up with these solution.
This is very true bro..When I was in the RES course, we have an UK developer sitting in the class with us. So we ask this developer this very qns. What happen if the untis cant be sold within the 2 yrs time frame. His response. They can always "buy" over the spare units using his company subsidries or sisters companies and hold it out till the market turns better.
This way they can avoid the tax and at the same time, retain the assets under them till the market is better. No way they will sell under market value hor...
This is very true bro..When I was in the RES course, we have an UK developer sitting in the class with us. So we ask this developer this very qns. What happen if the untis cant be sold within the 2 yrs time frame. His response. They can always "buy" over the spare units using his company subsidries or sisters companies and hold it out till the market turns better.
This way they can avoid the tax and at the same time, retain the assets under them till the market is better. No way they will sell under market value hor...
yes.. you see wingtai and FEO joint-hands and bought the plot of land where now NEXUS and Floridian sits, just before 1997/8 crush. Wingtai split the land with FEO and build Nexus.. selling ard 700psf. FEO held their share of the land and build Floridian years later.. and sell it at 1400psf to 1700psf. How much did FEO earn in that bloody project ... i bet they got alot of holding power..
FEO confirm can hold out ... They have other businesses beside property. E.g. Hotels, Foods chain restauarants and lastly soft drinks.. Holding power.. of course have. Plus they even more smarter.. they dont get external agents to market their properties for them.. they have their internal SALES team to market and pay them like s--t...
Do you know.. working in FEO as their sales executives is like a dog.... damned stressful and lousy commision
This is very true bro..When I was in the RES course, we have an UK developer sitting in the class with us. So we ask this developer this very qns. What happen if the untis cant be sold within the 2 yrs time frame. His response. They can always "buy" over the spare units using his company subsidries or sisters companies and hold it out till the market turns better.
This way they can avoid the tax and at the same time, retain the assets under them till the market is better. No way they will sell under market value hor...
thanks for confirmation that my idea is right.. ha ha ha.. but i think the top mgmt will have other better way to do it than using their sister company because of the hefty buyer stamp duty now. Then again.. i am not real estate line.. so i dun know what other loophole they can exploited.. As already mentioned, they could delist the company .. that's 1.
Edited by ShepherdPie, 30 September 2013 - 03:01 PM.
if unsold units are 200 units x $1M per unit = $200M ... stamp duty, tax, etc all must still be paid to govt right?
Dont think so bro.. As what that UK developer guy said.. they "buy" the unsold units using their "SISTER" companies.. indirectly ..it is not unsold. it is consider sold. So dont need to pay tax le...This one common trick...
Left pocket out .. Right pocket in.. Our government very famous for this leh
bro.. that is assuming that they use that method mentioned to avoid tax.if unsold units are 200 units x $1M per unit = $200M ... stamp duty, tax, etc all must still be paid to govt right?
i think FEO probably sold all their units there liao.. they have seahill selling at 1600psf.. next door now :Pcollect 4 years rent and then sell at additional $200psft profit
a quick check on propertyguru ... blue horizon selling at 1100-1200psf liao ... huat ah!!!
developer should keep the unit from 2006-2012/13
Then again.. i am not real estate line.. so i dun know what other loophole they can exploited.. As already mentioned, they could delist the company .. that's 1.
Delist abit too much le... Got reputation to maintain... a company suka suka delist... hahaha.. u dared to buy thier properties nexttime hahah
i think FEO probably sold all their units there liao.. they have seahill selling at 1600psf.. next door now :P
If u check on the projects FEO have been building.. you will notice that they are not number 1 developer now. They used to be number 1 when the peak is there... but they toned down. What they are selling now are those projects leftover and they are trying to get rid of the empty units asap..
After the ECO..which is a big hit... everytime I see their advs in the newspaper... always the same old projects.. FEO too big to fall.. small time developers yes.. FEO have to wait a long long time before it will fall
FEO is not listed by the way.Delist abit too much le... Got reputation to maintain... a company suka suka delist... hahaha.. u dared to buy thier properties nexttime hahah
aniway.. the big developers are very selective in their investment one. Most of the land they bid for has high development potential. They just sell what they manage to sell and hold the rest until the bad time is over.. they will surely earn.
E.g. FEO has a lot of development in amber area. The cape , silversea , the sound , the shore etc.. When the MRT is up in 15 yrs time.. sure very wang one.. So i dun think they need to worry too much if they have leftover units there.
Like MND , they could bring the malls/hotel to the property as they also operate hotel and malls. So normally, they have a few projects in the same area.
Edited by ShepherdPie, 30 September 2013 - 03:10 PM.
i think FEO probably sold all their units there liao.. they have seahill selling at 1600psf.. next door now :P
but one thing abt FEO... their project and the materials used for the condo.. all quite good. I went to see some of their projects.. impressive. The tiles, the "freebies" (oven, washing machine) all top brand.. unlike some of the cheapo projects i seen....
If I am working in FEO as their sales executives.. I properly fast hand and fast legs ask for transfer to their commerical teams.. better prospect now.. Residential .. slow like snails now
Can you cut off your limb and still survive?
Can! But pain or not? Good or not? Want or not?
So no matter what, current situation is poise to hurt them and people are willing to do many things when they are hurt...
No need to talk so much.
You hv money and you think can buy at current prices, plse do lor...
Thats all.
I also looking to buy but not at b-------t price for b-------t location
Edited by Throttle2, 30 September 2013 - 03:47 PM.
Really? ?but one thing abt FEO... their project and the materials used for the condo.. all quite good.
wayang lah ...how can shutdown?US govt possible shutdown. market is like that. rise then fall and so on.
those politican has so much vested interest in the the stock mkt.. how can they let themselves go bankrupt.
wayang lah ...how can shutdown?
those politican has so much vested interest in the the stock mkt.. how can they let themselves go bankrupt.
if you believe so
you must have loaded up today?
if you believe so
you must have loaded up today?
Told you they wayang one.. but you dare to load meh.
It's desperate time now... expect the unexpected..
i just guai guai work hard for my keep :)
Really? ?
IMHO.
theres a saying the politicians are controlled by Wall street. u must rem those guys make money in all situations, not like our investment bodywayang lah ...how can shutdown?
those politican has so much vested interest in the the stock mkt.. how can they let themselves go bankrupt.
Told you they wayang one.. but you dare to load meh.
It's desperate time now... expect the unexpected..
i just guai guai work hard for my keep :)
If you think they wayang means the current weakness present a buying opportunity, no?
why don't load up?
If you think they wayang means the current weakness present a buying opportunity, no?
why don't load up?
it means.. they will make the sure there is enuff fishes before they bring the net in.
So better stay put and wait for other to "full" their net.
They are manipulating the market..to catch the "asian"... like it or not.. china buying over their country is not going down well.
Edited by ShepherdPie, 01 October 2013 - 09:48 AM.
theres a saying the politicians are controlled by Wall street. u must rem those guys make money in all situations, not like our investment body
Wall street control politic ... if not where they get their compaigning funds..
in terms of materials, not the cheapest but certainly not high quality
Really? ?
Edited by Wt_know, 01 October 2013 - 09:53 AM.
it means.. they will make the sure there is enuff fishes before they bring the net in.
So better stay put and wait for other to "full" their net.
They are manipulating the market..to catch the "asian"... like it or not.. china buying over their country is not going down well.
don't understand your point
but never mind...
The new condo getaway experience for those seeking to be close to nature and get away from the city hustle and bustle. Built using traditional materials (wooden planks and zinc sheet) for the authentic rustic charm.
Starting at $1,500 psf
Edited by Myxilplix, 01 October 2013 - 11:04 AM.
Resale flat prices dip for first time since 2009: Q3 flash estimates
Plenty of new launches available. If you are looking for a private property home and on a limited budget, don't be worried if you cannot afford one now, you will be able to afford it later as the supply is quite good. Let things take its course. Govt keeps releasing new plots of land for private property, so no worries. If what you can realistically afford may not be in the prime districts or near the city, at least it is a reasonably comfy condo with security guards, sheltered parking and facilities. So please relax, Singaporeans, you will get yours some day!
Wah so many ah?
Plenty of new launches available. If you are looking for a private property home and on a limited budget, don't be worried if you cannot afford one now, you will be able to afford it later as the supply is quite good. Let things take its course. Govt keeps releasing new plots of land for private property, so no worries. If what you can realistically afford may not be in the prime districts or near the city, at least it is a reasonably comfy condo with security guards, sheltered parking and facilities. So please relax, Singaporeans, you will get yours some day!
Fernvale Close... Ulu place leh.. I wonder those who buy that place.. the so-call industrial hub is still not ready there... it will take a while for rental yield to come in
Fernvale Close... Ulu place leh.. I wonder those who buy that place.. the so-call industrial hub is still not ready there... it will take a while for rental yield to come in
Rental yield? I am assuming that the so-called "sandwiched class" are genuinely looking for good quality homes for their families to live in.
Those who are looking to make a killing in property investment, I have no sympathy at all. My kind wishes are not for them.
This is what I hate about some Singaporeans - when they complain about high property prices, are they complaining about lack of a reasonable place to live in and bring up children? Or complaining about a lack of money-making opportunities?
The govt has identified these 2 groups, that is why the measures were put in force. Weed out the speculators from the genuine home buyers.
if you believe so
you must have loaded up today?
I think, very few can really load up.
All the cooling measures have killed the market.
The only sizabledemand left now is the HdB upgraders demand and the real demand from people who are buying their first home. Otherwise the driving force which originally moved the market to where it is today is no longer there.
Try paying 10% stamp duty
Try downpayment 50%
Try stamp duty 16% if you sell
Try not taking on more loan than 60% of mthly income.
Cannot lah, bro.... Most are Panting already.
http://sg.finance.ya...06--sector.html
410 units out of 500 units are sold.. Singaporeans really rich...
Hmm.. US begin partial shutting down... Good news or bad news for Singaporeans?
I think, very few can really load up.
All the cooling measures have killed the market.
The only sizabledemand left now is the HdB upgraders demand and the real demand from people who are buying their first home. Otherwise the driving force which originally moved the market to where it is today is no longer there.
Try paying 10% stamp duty
Try downpayment 50%
Try stamp duty 16% if you sell
Try not taking on more loan than 60% of mthly income.
Cannot lah, bro.... Most are Panting already.
Only Rich gets richer in SG... Poor gets poorer... MCF got many pple with spare cash... Cooling measures, no problem for them. Just a walk in the park .. right?
The only sizabledemand left now is the HdB upgraders demand and the real demand from people who are buying their first home. Otherwise the driving force which originally moved the market to where it is today is no longer there.
HDB resale price fell liao plus record HDBs to TOP soon... get popcorn ready
HDB resale price fell liao plus record HDBs to TOP soon... get popcorn ready
When the opportunity comes, those in need of a home had better seriously buy. Don't miss the boat again.
URA releases flash 3rd Quarter 2013 private residential property price index
Published Date: 01 Oct 2013 The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential property for 3rd Quarter 2013 today.
Overall, the private residential property index rose 0.8 points from 215.4 points in 2nd Quarter 2013 to 216.2 points in 3rd Quarter 2013. This represents a moderate increase of 0.4%, compared to the 1.0% increase in the previous quarter (see Annex A).
Prices of non-landed private residential properties in both Core Central Region and Rest of Central Region declined in 3rd Quarter 2013. In Core Central Region, prices fell 0.5%, more than the 0.2% decline in the previous quarter. Prices in Rest of Central Region decreased for the first time since 1st Quarter 2012, by 1.1%, compared with the 0.2% increase in the previous quarter. In Outside Central Region, prices increased by 2.1% in 3rd Quarter 2013, which is lower than the 3.8% increase in the previous quarter (see Annex B).
The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter supplemented by survey data on new units sold by developers in the first two months of the quarter. The statistics will be updated 4 weeks later when URA releases the full real estate statistics for 3rd Quarter 2013, which captures more data on the caveats lodged and the take-up of new projects. Past data have shown that the difference between the quarterly price changes indicated by the flash estimate and the actual price changes could be significant when the change is small. The public is advised to interpret the flash estimates with caution.
I am not the agent har
Edited by Viceroymenthol, 01 October 2013 - 04:45 PM.
I am in love with the female model in the Sky Vue Bishan TV commercial! She is WOW!!!
I am not the agent har
Airport leh... Face pretty.. but .. hmm.. ATB better..got face got body..
"Roger"
"Siang si Roger?"
I am in love with the female model in the Sky Vue Bishan TV commercial! She is WOW!!!
I am not the agent har
Pwui lah, these buggers.....always film until as though the people living there are even half as stylish , pretty or handsome.
kNN i think reality is 80% hdb aunties uncles cheap t shirt and bermudas crowd lah....
But anything wrong with hdb aunties uncles cheap t shirt bermudas crowd? No, i didnt say anything wrong.
Edited by Throttle2, 01 October 2013 - 08:55 PM.
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Pwui lah, these buggers.....always film until as though the people living there are even half as stylish , pretty or handsome.
kNN i think reality is 80% hdb aunties uncles cheap t shirt and bermudas crowd lah....
But anything wrong with hdb aunties uncles cheap t shirt bermudas crowd? No, i didnt say anything wrong.
Can sue them for false advertising or not? Just like last time the brochures always show the condo in the middle of green forests and mountain streams...
Can sue them for false advertising or not? Just like last time the brochures always show the condo in the middle of green forests and mountain streams...
Youbuy already, then try lah
Posting failedhow come you never take pic of your hand and your watch?
NWNT
Ulu?? Yup it's indeed uluFernvale Close... Ulu place leh.. I wonder those who buy that place.. the so-call industrial hub is still not ready there... it will take a while for rental yield to come in
I have been staying around this ulu place like 25-30 years
I love this place
And I'm getting nearer n nearer to this ulu place
Looking forward to a peaceful retirement there
One word- SWEE
Nbz the ending part with the agent faceI am in love with the female model in the Sky Vue Bishan TV commercial! She is WOW!!!
I am not the agent har
Sianzzzzzzz
Recently you quite agitated horYoubuy already, then try lah
Lost a bit huh
buyers are mostly yuppies ... huat ah!!!
Overwhelming response from buyers at Sky Vue launch
The 99-year leasehold Sky Vue condominium in Bishan Central has attracted strong interest from buyers since its launch on Saturday.
So far, more than 410 of the 505 units released for sale at the 694-unit project have been sold, at an average price of S$1,500 psf.
Its developer CapitaLand said that the one- and two-bedroom units were the most popular among buyers.
"We are encouraged by the strong support from our home buyers and investors who share our vision of Sky Vue as a chic contemporary home for urbanites in one of the most desired city-fringe locations in Singapore," said Wong Heang Fine, CEO (Residential) of CapitaLand Singapore.
"Most of our buyers are young couples who appreciate the well-articulated layouts and lifestyle amenities of Sky Vue and its proximity to the Bishan MRT station and Junction 8 shopping mall," he added.
The average price of a one-bedroom unit is S$750,000 while that of a two-bedroom unit is S$933,000.
The average price of a two-bedroom suite is S$1.15 million and the average price of a three-bedroom unit is S$1.58 million.
Edited by Wt_know, 02 October 2013 - 08:11 AM.
Recently you quite agitated hor
Lost a bit huh
Not agitated. Sian only.
Very little loss
Paper loss about $70k only.
Edited by Throttle2, 02 October 2013 - 09:16 AM.
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