mycarforum: Private property prices... Up or Down? part 8

In this market , there is always buyer's remorse and seller's paradox , and in auctions/bull's market the winner's curse.

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Willing buyer willing seller , in this world if you wanna lock them down , always let them sign an agreement.

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To me , i always make it a point clearly lowball the sellers and squeeze his balls and holding firm on prices when selling. In fact , i have even upped prices if the buyer attempts to do funny things.

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Reason being , i have done research and knows the pattern of assets cycles. In fact , i have even let the sellers see my charts and analysis as well as basis of my offer.

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Some bought the idea , some walked away only for me to offer an even lower price when they turn back.

Edited by CH_CO, 17 February 2015 - 07:14 PM.

In this market , there is always buyer's remorse and seller's paradox , and in auctions/bull's market the winner's curse.
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Willing buyer willing seller , in this world if you wanna lock them down , always let them sign an agreement.
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To me , i always make it a point clearly lowball the sellers and squeeze his balls and holding firm on prices when selling. In fact , i have even upped prices if the buyer attempts to do funny things.
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Reason being , i have done research and knows the pattern of assets cycles. In fact , i have even let the sellers see my charts and analysis as well as basis of my offer.
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Some bought the idea , some walked away only for me to offer an even lower price when they turn back.

Looks like you are destined to overtake me in here as CHLOMCF

Muayhahahahahaha

Good good, back wave push front wave

Last time my previous place the potential buyer sibei not steady..came view 2x, give me option cheque but didn't exercise.. knn

Last time my previous place the potential buyer sibei not steady..came view 2x, give me option cheque but didn't exercise.. knn

I wouldnt consider that buay steady actually. It depends.

Using my personal example again
I have given $17k option cheque before, but within days i close another deal on a higher floor at a lower price so i sibei steady just write off the option money.

Looks like you are destined to overtake me in here as CHLOMCF

Muayhahahahahaha

Good good, back wave push front wave

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don't even know what the hell that is. i poor like shit that why i need to lowball and i came from credit i know how the banks squeeze the soul of people.

Keong hee HUAT chai!!!! [laugh]

Jit tong Cheng!!! .......

got private property still can buy hdb ... no wonder flipping property is no 1 in spore

Attached Thumbnails

Edited by Wt_know, 18 February 2015 - 08:30 AM.

got private property still can buy hdb ... no wonder flipping property is no 1 in spore

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wow so many got approval from HDB ah

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wonder what is the excuse, hope they can share to benefit the rest

I wouldnt consider that buay steady actually. It depends.

Using my personal example again
I have given $17k option cheque before, but within days i close another deal on a higher floor at a lower price so i sibei steady just write off the option money.

Last time I banged a girl and withdrew at the crucial moment. She said I buay steady never give her deposit

two created on the same date somemore , mod go check leh

We wouldn't worry about such minor stuffs, would we?

Trying to stir some interest in the prop market, in this thread?

Wahahahahahahaha, desperate.

I would suggest u guys to summit to a few banks before deciding on which bank so u can compare and find out the best rates and offers mahhh. Somemore, no point deciding so early bcos u need to find the homeloan which suit u the best� [smash]

Oh...drop again...

Durian season liao.

Oh...drop again...

what dropped?

what dropped?

Pants lor

I think property market is dead

Nobody talking about it during cny visiting anymore

HDB price up 37%

Your income up 38%

still got 1% spare cash ... huat ah!

http://www.channelne...ft/1707114.html

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Outlining plans for his ministry in the year ahead, Mr Khaw noted the Government's efforts in taming the housing market have seen results. HDB resale prices have eased by 37 per cent above the 2009 level. Over the same period, median household income has caught up, rising by 38 per cent.

Attached Thumbnails

Edited by Wt_know, 11 March 2015 - 12:54 PM.

Yishun is now so prime that experts have declared that even CM have no impact on the attractiveness of Yishun site� [:)]

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North Park Residences opens for preview this weekend

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Mar 11, 2015

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Singapore developer Frasers Centrepoint Limited (FCL) will open the showflat of its latest residential development in Yishun for buyers to preview from this Saturday onwards.

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North Park Residences will comprise 920 units and is part of NorthPoint City, an upcoming integrated development by FCL.

Apartment layouts range from one- to five-bedrooms from 431 sq ft to 1,432 sq ft.

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Set to be completed in 2018, the entire complex is expected to transform the living environment of residents in Nee Soon, and will integrate residential, retail, an air-conditioned bus interchange and the first community club within a mall, all of which will be linked to Yishun MRT station via a shopping underpass.

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Aside from private condo facilities, residents will have �doorstep� access to an integrated transport hub, the Yishun Public Library, Nee Soon Central Community Centre, a childcare centre, town plaza the size of 10 basketball courts, and over 500 retail and F&B outlets.

Donald Han, Managing Director of Chestertons Singapore, noted that integrated developments offer an attractive investment opportunity.

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�Typically, integrated developments have done well in Singapore�s property market. But there are not too many options available and therefore we can expect to see keen receptiveness when a new one is released into the market,� he said.

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Han also expects to see significantly improved rental yields for units at North Park Residences, since the development is surrounded by commercial facilities with a large number of overseas employees in need of nearby housing.

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In agreement, PropNex Realty Chief Executive Officer Mohamed Ismail anticipates keen interest for this project.

�The Government�s cooling measures on the property market have effectively tamed pricing strategies, so developers are conscientiously ensuring that the price is right and as attractive as possible to buyers today.

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�When the development is close to an MRT station and is serviced by a well-connected network of roads, nearby schools and medical facilities, there is a strong pull factor for buyers. The cooling measures had a more muted effect on properties with these advantages,� he added.

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Prices of the units will only be released during the official launch which is expected to take place at end-March.

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Edited by Wyfitms, 11 March 2015 - 03:19 PM.

Low ballers just wasting time bidding

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Prime sites like Jurong only goes to those who can pay top dollar

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Thought everyone says projects cannot move... how come MCL dare to take on another 600 units development??� [bounce1] �

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somemore at 1,300 psf� [laugh]

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Jurong West site attracts healthy 9 bidders

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Mar 11, 2015

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The tender for a 99-year leasehold residential site at Jurong West Street 41 (Parcel B) closed on Tuesday after attracting nine bidders, the Urban Redevelopment Authority (URA) said.

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Launched for sale last December, the 17,803.5 sqm site has a maximum permissible gross floor area (GFA) of 49,850 sqm.

The top bid of $338.12 million was submitted by MCL Land (Vantage). This translates to around $6,782.71 psm on the GFA.

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The second highest bidder was HY Realty at $317.9 million, while the lowest offer of $222.89 million came from Allgreen Properties.

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The healthy demand for the site is �testament to the confidence of the bidders in the face of a cut back in the number of residential sites in the Government Land Sales Programme�, said Desmond Sim, CBRE Research Head, Singapore and South East Asia.

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�The highest bidder, MCL, put in a bid which is 21 percent higher than the average bid of the nine bidders.

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�MCL has a strong presence in the area and looks set to continue to establish their foothold with this bid. It set benchmark prices with J Gateway and Lakeville and is poised to benefit from the benchmark it has set. In addition, MCL may gain an advantage from a longer gestation period to ride out the current market conditions,� added Sim.

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Fronting Jurong Lake, the site is located within an established residential area. Existing�condominium developments in the vicinity include Lakepoint, Lake Holmz, Caspian, Parc Vista, The Lakeshore and the upcoming Lakeville.

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The land parcel is also close to Lakeside MRT station as well as shopping, dining and entertainment options at Jurong Point, JCube, Jem and Westgate.

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URA said the award of the tender will be made after the bids have been evaluated.

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Edited by Wyfitms, 11 March 2015 - 03:27 PM.

song song gao jurong

jurong is cbd
yishun is orchard
no $2k psf no talk
more good years ahead
no fear no fear

HDB price up 37%
Your income up 38%
still got 1% spare cash ... huat ah!
http://www.channelne...ft/1707114.html
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Like that jialat liao loh. Salary only enough to match property increment, but no surplus to keep pace with inflation of necessity.

you really think salary for middle class up 38%?
is the report talking about $1k salary up to $1.5k - 50% increase
or $2k to $2.5k-$3k also 50% increase
middle class salary increment definitely cannot chase property price la

Like that jialat liao loh. Salary only enough to match property increment, but no surplus to keep pace with inflation of necessity.

Why nobody post this?

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Sentosa Cove unit sold at a loss of $1.2m
Price gap narrows between luxury and mid-tier homes

By Cheryl Ong

The owner of a Sentosa apartment booked a huge loss after buying the property at luxury home prices and selling it around the rate of a mass-market home.
The 2,626 sq ft unit at The Coast at Sentosa Cove, a luxury condo of 249 apartments in the millionaire enclave, went for just $3.125 million - or $1,190 per sq ft (psf).
That translates to a loss of $1.215 million for the owner, who snapped up the property for $4.34 million - or $1,653 psf - on March 8, 2007, according to caveats lodged with the Singapore Land Authority.
It is also likely to be the cheapest transaction on the island in recent years and the steepest loss among the 18 unprofitable transactions racked up at the Ho Bee Group condominium so far, according to online property portal Square Foot Research.
In fact, it is almost on a par with some mass-market homes. At Kovan Residences, for instance, a 2,196 sq ft unit was sold for $1,010 psf last month.
The Straits Times understands that the owner, a British national working in finance, sold the unit because he had plans to return home.
The price might seem like a "bargain basement price" in psf terms, said Mr Donald Han, managing director of Chestertons, but it still works out to a sizeable quantum.
"Not many people can afford a $3 million property, hence the dearth of buyers in the market and perhaps the speed that the seller required to transact could have led to such a low price," he said.
Forced sales of two units in Turquoise, another Sentosa Cove condo, at almost half their original value last year also surprised the market and indicated that banks were forcing more cash-strapped owners to offload property to meet loan shortfalls.
Luxury homes sold at large losses have been sporadic and isolated to selected projects, primarily in Sentosa, but signs are emerging that developments in the prime districts of nine, 10 and 11 are being hit as well. At Suites Newton in Surrey Road, a low of $1,133 psf was racked up for a 1,324 sq ft unit at the 67-unit development in November.
The luxe St Regis Residences Singapore in Tanglin sold units of 3,897 sq ft and 4,941 sq ft at an average of $1,923 psf in January, setting a low for the project and underscoring a closing gulf between luxury and mid-tier homes.
Cushman & Wakefield research head Christine Li noted that average psf prices of a typical high-end condo unit were 2.4 times that of those in the mass market in 2007. That multiple has since shrunk to 1.7 times.
However, Mr Han reckons that the luxury market could be hitting the bottom soon. Freehold land in prime districts is worth between $1,800 psf per plot ratio and $2,000 psf per plot ratio, and units priced below $2,000 psf on strata area are effectively sold at land value. "Price-point wise, it's hard to see luxury prices getting even lower than what they are today," he said.
.com.sg'>ocheryl.com.sg
Copyright � 2015 Singapore Press Holdings. All rights reserved.

you really think salary for middle class up 38%?
is the report talking about $1k salary up to $1.5k - 50% increase
or $2k to $2.5k-$3k also 50% increase
middle class salary increment definitely cannot chase property price la

I only know my salary nv grow by 38%, time to talk to my boss. Think she will ask me go home repent.

Edited by Bacteria83, 11 March 2015 - 08:09 PM.

Why nobody post this?

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Sentosa Cove unit sold at a loss of $1.2m
Price gap narrows between luxury and mid-tier homes

By Cheryl Ong

However, Mr Han reckons that the luxury market could be hitting the bottom soon.�
.com.sg'>ocheryl.com.sg
Copyright � 2015 Singapore Press Holdings. All rights reserved.

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Donald has a crystal ball to tell the future?

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I only know my salary nv grow by 38%, time to talk to my boss. Think she will ask me go home repent.

Times r bad. Better not talk.

If not she hires someone cheaper than your salary 38% as replacement

Times r bad. Better not talk.

If not she hires someone cheaper than your salary 38% as replacement

Scare the shit out of me till cant slp.

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Donald has a crystal ball to tell the future?

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�There are two kinds of investors, be they large or small: those who don�t know where the market is headed, and those who don�t know that they don�t know. Then again, there is a third type of investor - the investment professional, who indeed knows that he or she doesn�t know, but whose livelihood depends upon appearing to know�.

William Bernstein (�The Four Pillars of Investing�)

"There are only two kinds of MCFers

One who talks only and one who not only talks,"

Throttle 12 Mar 2015

Edited by Throttle2, 12 March 2015 - 10:39 AM.

I bet property prices will go up and up.....just that i do not know when.

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I bookmarked this page, and come back again maybe 5 years later or even 10 years later. Who dare says I am wrong, because i will have the last laugh....bwahahahahaa

Caveat: Not sure if i am still around to revisit this post. ;(

Yishun is now so prime that experts have declared that even CM have no impact on the attractiveness of Yishun site�

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But the Jam CTE & BKE still very bad leh ...�

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�

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�There are two kinds of investors, be they large or small: those who don�t know where the market is headed, and those who don�t know that they don�t know. Then again, there is a third type of investor - the investment professional, who indeed knows that he or she doesn�t know, but whose livelihood depends upon appearing to know�.

William Bernstein (�The Four Pillars of Investing�)

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Great post!

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You can make a lot of money pretending to know.

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But this internet is really a pain.

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Now its recorded permanently what people say.

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Putting down here in black and white the market is going

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to crash and it keeps going up make a poster looks

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like a right tweety bird.

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huat huat !

AYE, PIE, ECP is not any better too ...

no matter where ... jam jam jam ...

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But the Jam CTE & BKE still very bad leh ...�

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Edited by Wt_know, 13 March 2015 - 07:47 AM.

SMLJ?

herchfred, on 13 Mar 2015 - 07:15 AM, said:
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Property prices..........some say up, some say down but Sibor is def on the up!

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Homeowners hit as Sibor rises to highest in seven years

http://www.todayonli...27&sc_src=email

Mai spread fear mai spread fear

Buy ah

Wahahahahahhaa

No fear no fear.
Block off the bad news.

Property is good.
BUY!!!!!

Yah buy buy buy

Read the words in red first though

Muayhahahahah

Attached Thumbnails

Property prices..........some say up, some say down but Sibor is def on the up!

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21756104.PNG

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Homeowners hit as Sibor rises to highest in seven years
http://www.todayonli...27&sc_src=email

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relak we arent even halfway up to previous sibor highs of 3-4%... fun hasnt begun yet...

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relak we arent even halfway up to previous sibor highs of 3-4%... fun hasnt begun yet...

Yeah, and i wonder why there are people who still dont believe that economic cycles have highs and lows. We have been pretty high long enough...

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relak we arent even halfway up to previous sibor highs of 3-4%... fun hasnt begun yet...

after paying for higher interest for the past 2 years bec went for 5 years fixed rate of 1.68%.. and every month pay $200 more in interest.. now the floating rates are higher.. yap and like what you mentioned a lot of borrowers haven't seen the 3-4% yet.. I always worry it'll shot up to 3-4% in the next 1-2 years where I can't afford to clear the loan.

Anything below 2.6% is low.

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If people cannot afford a 2.6% loan

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they are over stretching themselves.�

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huat ah!! � [laugh]

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St Regis penthouse bought for $28m in 2007 sold at record $15.8m loss

PUBLISHED ON MAR 18, 2015�

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In 2007, billionaire Katsumi Tada paid $4,653 psf for a St Regis Residences penthouse. Last month, he sold it at $2,028 psf. -- ST PHOTO: MARK CHEONG

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BY CHERYL ONG

SINGAPORE - The owner of a penthouse at St Regis Residences booked an eye-popping loss of $15.8 million when he sold the apartment last month. It is the biggest loss ever made on an apartment sale here.

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The two-storey unit in Tanglin Road, with a swimming pool on the upper floor and views over Nassim Road greenery, first made headlines in 2007 when Japanese billionaire Katsumi Tada shelled out a record-smashing $28 million - or $4,653 per sq ft - for it.

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Mr Tada's generous offer back then gave the lucky seller a profit of $12.77 million, but it has turned out to be a bad investment and underscores how fortunes have turned in the high-end property market, where more instances of loss-making transactions are surfacing.

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The new owner is Mr Andy Chua, who owns Yun Nam Hair Care. He snapped up the 6,017 sq ft apartment at the 173-unit project in a cash transaction of $12.2 million, or $2,028 psf, according to records lodged with the Singapore Land Authority.

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The sale was executed in Tokyo and took just two weeks to complete, instead of the usual eight to 12 weeks, possibly due to it being a cash sale or when either party was "in a haste to wrap it up", said market watchers. Mr Tada is believed to have left the property vacant all this time.

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Mr Samuel Eyo, managing director of Singapore Christie's Homes, said Mr Chua probably got a bargain as the price was low for luxury projects in the area, which sell for between $2,500 psf and $3,000 psf. What sealed the deal was probably because Mr Chua paid in cash.

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Mr Tada is by no means the only high-end owner to want to cut his losses as luxury home values have dived 20 per cent from their peak in 2013. A 2,626 sq ft unit at luxury condo The Coast at Sentosa Cove went for just $1,190 psf in January, booking a loss of $1.215 million for its seller.

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Mr Tada, the 17th richest man in Japan with a fortune of US$1.7 billion (S$2.4 billion) according to Forbes, is the president of Daisho Group. The firm acquired The Westin Singapore hotel from BlackRock for $468 million in December 2013, setting a record at $1.5 million per hotel room key.

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Mr Chua made headlines last year when he paid US$2.2 million to score a private lunch with US investment guru Warren Buffett.

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Mr Eyo believes more bargains of the St Regis kind will emerge as interest rates rise. Cash-rich investors, too, are shopping around for a good deal.

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"The ultra-rich would rather cash out of assets they have no use for, to invest in other assets that could rake in a profit larger than the loss," said Mr Eyo. "To them, it's just part and parcel of investing."

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ocheryl.com.sg

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"The ultra-rich would rather cash out of assets they have no use for, to invest in other assets that could rake in a profit larger than the loss," said Mr Eyo. "To them, it's just part and parcel of investing."

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This type "Steady"! ...�

Another full cash one

His investment on the lunch with warren buffet paid off liao

Actually hair care is way more profitable than property
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My colleague paid a lot of money for this.
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One day he was botak and next day he had
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a full head of short curly hair. He told us it was
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a�transplant from one part of his body to another.
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I asked him where did he do it but he refused to tell me.�
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Anyway another colleague whispered to me - Down under.
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I said - wah go all the way to Australia just to get his hair done.
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You may want to see if his new hair curly or not

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knn, i think i wrong liao�.

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???

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Looks like only cemetery is the only property that's holding value [laugh]

jurong east is the new cbd

yishun is the new orchard

woodland is the simi new regional centre

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lck is the new bishan ... no $1M no talk ... [laugh]

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Looks like only cemetery is the only property that's holding value

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Edited by Wt_know, 22 March 2015 - 01:57 PM.

jurong east is the new cbd

yishun is the new orchard

woodland is the simi new regional centre

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lck is the new bishan ... no $1M no talk ...

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�

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LCK area must have very very good Feng Shui, even the Chinese developer in Malaysia wanted to reclaim land in the straits of Johor to be closer to it. [laugh]

Ai lai liao!

Interest rates up

Public/private housing Supply up

Economy down

Immigrants down

New/Resale HDB prices down

Rental Demand down

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Private property prices ???

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looking at kingsford n northpark, the developers seems to think otherwise

short term maybe up or down.

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but long term definitely up....

what about your $900k cck flat ... below $1M sure sell ... lol
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Sorry hor, that one i am asking $2.8mil

short term maybe up or down.
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but long term definitely up....

Keh zhua leh....
In the long run, we're all dead.....john maynard keynes

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looking at kingsford n northpark, the developers seems to think otherwise

Why you look at all these laupok projects?
Better save money and buy HDB if so

Edited by Throttle2, 22 March 2015 - 03:04 PM.

Recently I got an mailer for a "Exclusive Launch" of the Dolphin Villa at Funtasy Island. according to the mailer prices start from 758K. This Island is 16km from Sentosa and is slated to be some Indo resort Island and the developer Guarantees 7% rent a year (with some disclaimers.

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What was funny was the front page of the mailer was as below, at first I thought these were the club houses or shared facilities for the residence. But no it seems for 758K this is what they are trying to sell, a 2 bedder floating platform 99 years leasehold (be surprised if it last 10 years), Wonder how many investors will go for this.�

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one tide habis liao ... no need to wait 99 years

7% = $53k return a year?

"guarantee" 7% return ... what are they smoking ... lol

Edited by Wt_know, 23 March 2015 - 07:37 AM.

Sorry hor, that one i am asking $2.8mil

Keh zhua leh....
In the long run, we're all dead.....john maynard keynes

Why you look at all these laupok projects?
Better save money and buy HDB if so

T2, tks for yr advice. I am now comfortably in a HDB. Just shocked the prices developers are asking n even more shocked that there are still alot of cash rich pple thronging shwflat.

The reason property prices is not coming down as some predicted is

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sellers are not dropping their prices.

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Sellers should drop their price a lot so the property market can come down.

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Sellers are just greedy.

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sellers are RICH ... it's spare cash ... sink in for 5-7-10 years also bo tai ji

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those who cut loss now either also bo tai ji like the japanese penthouse owner or those swimming naked hide underwater ... lol

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The reason property prices is not coming down as some predicted is

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sellers are not dropping their prices.

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Sellers should drop their price a lot so the property market can come down.

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Sellers are just greedy.

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�

�

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Edited by Wt_know, 23 March 2015 - 09:13 AM.

Recently I got an mailer for a "Exclusive Launch" of the Dolphin Villa at Funtasy Island. according to the mailer prices start from 758K. This Island is 16km from Sentosa and is slated to be some Indo resort Island and the developer Guarantees 7% rent a year (with some disclaimers.

�

What was funny was the front page of the mailer was as below, at first I thought these were the club houses or shared facilities for the residence. But no it seems for 758K this is what they are trying to sell, a 2 bedder floating platform 99 years leasehold (be surprised if it last 10 years), Wonder how many investors will go for this.�

�

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No doubt it looks nice (at least the architect's impression does) but it looks like it could be constructed cheaply. Even if the place does turn out widely popular and profitable, what's stopping the developer from building a similar development on the other side of the island and selling just slightly lower than what you bought it for?

Recently I got an mailer for a "Exclusive Launch" of the Dolphin Villa at Funtasy Island. according to the mailer prices start from 758K. This Island is 16km from Sentosa and is slated to be some Indo resort Island and the developer Guarantees 7% rent a year (with some disclaimers.

�

What was funny was the front page of the mailer was as below, at first I thought these were the club houses or shared facilities for the residence. But no it seems for 758K this is what they are trying to sell, a 2 bedder floating platform 99 years leasehold (be surprised if it last 10 years), Wonder how many investors will go for this.�

�

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Singaporeans must realize that real estate in the rest of the world are just dirt.

Recently I got an mailer for a "Exclusive Launch" of the Dolphin Villa at Funtasy Island. according to the mailer prices start from 758K. This Island is 16km from Sentosa and is slated to be some Indo resort Island and the developer Guarantees 7% rent a year (with some disclaimers.

�

What was funny was the front page of the mailer was as below, at first I thought these were the club houses or shared facilities for the residence. But no it seems for 758K this is what they are trying to sell, a 2 bedder floating platform 99 years leasehold (be surprised if it last 10 years), Wonder how many investors will go for this.�

�

�

this type of place shld offer 16% yield to price in all the risks theyre not stating...�

Looks like 30k worth of construction... That's what would entice me to buy...

$30k sell at $758k ... the water below cost 25x .... since it's not a land ... lol

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Looks like 30k worth of construction... That's what would entice me to buy...

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Edited by Wt_know, 23 March 2015 - 01:19 PM.

Bro,
If I ask $628,000 for my gold Rolex, does it mean it is worth even anywhere near there.

By the way, i am also asking $1.36mil for my Porsche 911 but until now no takers leh.....bah

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The asking prices are actually `reasonable' as the last transacted price was in Feb 2015 $1,870 psf for a 2,800 sqf unit.� So these guys are just asking market prices leh....this project really quite steady.� Amongst HDB still can command so high price even though its at the edge of D11.� All the owners are power holders.� Most must be bought at launch via SPH special ticket.

Simi dirt, this one high class Kelong okay� [laugh]

�

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Singaporeans must realize that real estate in the rest of the world are just dirt.

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20% bettter bah, Indonesian quality, surrounded by corrosive saltewater. Last 5 years and get your $$ back lol

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I reckon they are trying promote it like Maldives holiday resort (rent out to tourist), unfortunately I doubt anyone would a fraction of the Maldives price to stay there.

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this type of place shld offer 16% yield to price in all the risks theyre not stating...�

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I once went to this newly build resort in Bali (decent reviews on tripadvisor) I was surprised the quality of the villa we were staying at was so poor. Indo construction is abit like Msia's definitely far from Sg standard, I wouldn't touch this for a quarter the price hehe

�

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No doubt it looks nice (at least the architect's impression does) but it looks like it could be constructed cheaply. Even if the place does turn out widely popular and profitable, what's stopping the developer from building a similar development on the other side of the island and selling just slightly lower than what you bought it for?

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T2, tks for yr advice. I am now comfortably in a HDB. Just shocked the prices developers are asking n even more shocked that there are still alot of cash rich pple thronging shwflat.

Therefore dont join the herd.

What makes you think that those people are truly cash rich?
I can guarantee you that they are mostly not.
Can they afford to buy one? Perhaps but with a serious amount of leverage after selling what they currently have

Those who are truly cash rich are not going into the property market now.
This i can tell you.

And again, i like to qualify my post by saying that a house used as a home and one for investments are transacted base on very different sets of considerations.

The investment market is close to flat.
Real demand well always be around.
Just as developers will have to buy land at any price.

The signs are very very clear.
Lets not lie to other people and ourselves.

If you are looking to upgrade, hope you find the one you like.
Sell high buy high, see low buy low. As long as you dont drag, the diff wont be significant.

Edited by Throttle2, 23 March 2015 - 11:11 PM.

Guess the whole developer scene is painting a not too bad picture despite the poor vol sales. Price slashing is a no no, esp when it does not really move sales as it s a no returned path.... Kind if raise expectation that price could go lower. When you see price slashing and yet vol is low, maybe time to see look see look if you have the cash.

Edited by Hosaybo, 24 March 2015 - 07:33 AM.

mycarforum

Thứ Sáu, 23 tháng 12, 2016

Private property prices... Up or Down? part 8

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