after all these discussion,
who here will buy within the next three months??? :)
Many rich people in MCF
My take on props. I hav been calling every weekend to check prices and sentiment. I am not buying but I am just trying to find out the mkt value.
1. Buy to stay
- Delay upgrade as long as you can. Physical props prices seems very unrealistic esp the pte homes.
- Downgrade? Do it asap! While you can stil find buyer for higher priced homes, sell if if the price is right. Its a buyer's mkt now. Sellers, dun dream, its over.
2. Buy to invest
- Delay as long as you can... prices are unrealistic. Humpty dumpy may fall by 3Q next year
- buy REITS instead. Super solid yields + A grade assets.
Find out more at http://www.lastdone.com. Quite a lot of REITS and a few prop stocks discussions in there.
good call, CMT almost 24 cents of yield and a price of less than $2. that's wicked. but of course all is premised on whether they can maintain the payout in a recession..
THIS IS NOT A RECOMMENDATION. ALL DISCLAIMERS APPLY!
For Elias Green, 1500+ sq feet can get around 650K and Ballota for 1472sq ft around 690 to 700k.
Very new to private property as well and appreciate any sound advice from the experts and experienced....
I bought my investment property, Elias Green #10 floor 1550sq ft unit in 2005 at $415K. Collected 2 yrs rental income. Sold it last year at the peak just before the sub-prime crap. All these while, I am still staying in my $370K Exec Condo in the north.
Good luck to your purchase
Edited by Sportster, 22 October 2008 - 11:48 AM.
how about nuovo opp YCK mrt?
I think 2009 sep, is the end of the 5year lock in period for EC. so you can expect quite a few sellers from that EC who wants to move out.
People paid between $400K+ to $600K+ for the Bishan Loft EC depending on size/level. All asking around $900K+ now except for those low 2nd to 4th floor unit asking below $800K. Latest Bishan Loft EC transaction around $900K+. Resale EC Nuovo near to YCK MRT will not be cheap.
Edited by Sportster, 22 October 2008 - 11:45 AM.
is an official data from URA, on the past translated price. U can see the trend and the vol done
http://www.ura.gov.s...nController.jpf
Bro, I was looking at J too. Care to share your opinion on it especially on why you feel that the layout's bad. Thanks!
Hi Focusdude,
I will explain in more details,
The 50 series are exactly east/west facing. 2 room will kanna the morning sun and 2 the afternoon sun. The 52 series is offset to the north a little which is better. Unit 50 is too near the entrance. Unit 52A and 52B faces the pool deck (very wasted).
Almost all feature good space planning. Very little waste space in the stairs area and basement. For 50 series, the family hall is actuall quite big so the maid can stay there. I am personally against maid staying in HS. Personal parking also nicely made for 2 cars except 50D, the private car park is long but the entrance is narrow. Very big family hall at basement.
Unit 52 is the nice Bungalow "surrounded" by the pool on both sides. Good space for wet kitchen. Unfortunately, the attic is a letdown. Small open area and access to the roof terrace is via the bedroom 5..... very good space for the master bedroom.
52A is a good unit but short of the pool feature but has good privacy. Wasted space in the basement. Rooms are big.
52B-E is a little too narrow. The dinner table on the floorplan says it all. No extra room for family hall as well. carpark also well spaced.
52F has poor space planning at the basement. The full panel windows is also not as big as unit 52.
Unfortunately, the patio in the living room doesn't seem to have direct access to the pool. If you choose 50B/C, you would need to walk all the way from the back around the cluster to access the pool. Same thing for 52B-E.
For value for space, I would say 50B/C/D.
Best unit should be 50D cos it is blocked by unit 52 for the morning. It also has the largest roof terrace as well as the biggest family hall. Only letdown is the private carpark for the narrow entrance. I may be wrong but thats my interpretation from the floorplan. It also has a big wet kitchen which is best for cooking mom.
Wow, thanks for your detailed post!
After reading through your views on the various units and then comparing them to the floorplans, I can only concur. There are a few aspects of this project that are attractive to me. The first is the relatively low PSF for 999-leasehold project (though in 6 months' time, this kind of PSF may no longer be deemed inexpensive). The other is the interior space planning. It makes me feel that the designers have really expended a lot of effort in maximising the use of the space. Lastly, it's the amount of livable space that the units have, great for extended families (5+1 bedrooms means that a room or two can even be dedicated home cinema or reading rooms).
If not for the property market going downhill, I think this project would be selling like hot-cakes. For now though, most prospective buyers (myself included) would be waiting in the sidelines for even better catches in the next few months. Such a pity, it's really bad timing for the developer.
I think really need to go down and look at the surrounding. They had a private invitation today but I did call any agent to attend.
For family stay, it is quite worth it. Modern, well designed, affordable. I feel that the developer tried to squeeze too much units onto the plot of land. The gym looks quite small.
Good luck in your house hunting!
Edited by Perrier, 22 October 2008 - 08:40 PM.
1)What was the price (psf) in 1997 for (a) prime district like River Valley; (b) East Coast and � the rest of the area?
2) What abt the price in 2004/2005?
Thanks ...
but as i recall in 2004/05
River Valley was $750 - 850psf for the standard developments meaning not the top names.
Let's assume that in new River Valley projects, prices go down to $1200 psf or $1000 psf. Would that automatically make an older one in River Valley $700 - $800 psf in value?
Consider that the older ones in River Valley have en bloc potential in the future, even if it is just one for one (no plot ratio potential).
Consider also that many of the older condos in River Valley tend to be lived in by owner, especially the older people. Will your offer price (for individual unit for your own stay) be attractive enough to kick them out of their "District 9 lifestyle"? I remember the vehement opposition to en bloc, especially for Pacific Mansion. Nothing short of that asking price of $2400 psf ppr was going to get them to move. Of course that was a ridiculous amount, but it shows that these people love staying there. That's why even now with en bloc dead for the moment, I don't think many of the owner-occupiers are very unhappy.
Older condos in River Valley for sale may be in short supply in the market, even when new River Valley condo prices crash to the floor. Because most of these older condo owners may be thinking they cannot get replacement anywhere nearby. They may have to move to suburbs for a replacement condo.
who cares & pity the developer! Developer make tons of $$$ did they complaint? not sure your relationship & intent here! sounds to the bro here sales pitch rather to many......promoting this particular property...hope not sales agent representing the developer here! the mod will not allow ambush advertisement here!
Got a private invite too but didn't go because I was busy. Anyway, I think there are definitely good buys to be had in the next six months so no rush. Good to look see look see a bit before committing to anything. And yes, the next place I get will be for my own family stay. As for the gym, it's already a bonus to have one in such a project.
Hi Focusdude,
I think really need to go down and look at the surrounding. They had a private invitation today but I did call any agent to attend.
For family stay, it is quite worth it. Modern, well designed, affordable. I feel that the developer tried to squeeze too much units onto the plot of land. The gym looks quite small.
Good luck in your house hunting!
before i want to ask some basic info..he keep asking me if i got cash budget of above $80K if not dont waste his time, literally he said that... and f**off like that...that was begining of 07.
suber dog eyes.
i wrote to his company and complaint!. turn up his boss was one of my old uni classmate which he called and apologise.
Now market turn around, these ppl never know that the dog have their days...
Many could have been fully paid up so no worries.
I wasnt referring to those very old apartments but aprtments which are maybe currently only 1 or 2 yrs old or recently TOP. Becos of changing hands last year, the prices escalated much quicker than normal. Those would have a higher tendency to suffer price reduction. quick up quick down nothing surprising.
However, this doesnt remove the fact that if the newer apartments are selling lower, the older ones cant be selling higher. (not talking about En Bloc)
anyway I've been a speculator. when I buy property I have a real use for it.
Never for making the quick buck. It's just not my philosophy.
I just realised something.
Let's assume that in new River Valley projects, prices go down to $1200 psf or $1000 psf. Would that automatically make an older one in River Valley $700 - $800 psf in value?
Consider that the older ones in River Valley have en bloc potential in the future, even if it is just one for one (no plot ratio potential).
Consider also that many of the older condos in River Valley tend to be lived in by owner, especially the older people. Will your offer price (for individual unit for your own stay) be attractive enough to kick them out of their "District 9 lifestyle"? I remember the vehement opposition to en bloc, especially for Pacific Mansion. Nothing short of that asking price of $2400 psf ppr was going to get them to move. Of course that was a ridiculous amount, but it shows that these people love staying there. That's why even now with en bloc dead for the moment, I don't think many of the owner-occupiers are very unhappy.
Older condos in River Valley for sale may be in short supply in the market, even when new River Valley condo prices crash to the floor. Because most of these older condo owners may be thinking they cannot get replacement anywhere nearby. They may have to move to suburbs for a replacement condo.
bro, no need to overthink or over hypothesise lah. analyse until die also no use. just buy fri and sat classifieds to see what's on offer.
Although a good price but other factors must be considered.
Hey Focusdude,
Send me a PM if you are buying. Maybe can organise a groupbuy.
*Kidding!* "We have a group of DUBAI INVESTORS wanting to set up a property fund in Singapore. Willing to pay High price, above valuation for your private property even at Today's condition. Pls SMS or call me Mr XXX. URGENT."
Fact or fiction? IMO, somebody is flogging the foreign investors' horse to shore up the falling market; that's why I didn't bother to return call.
Edited by Terry3922t, 23 October 2008 - 10:15 PM.
I've been watching the ppty mkt too lately. Am interested in Park Infinia and Viz, have gone to see the flats but the prices are still very high => abt $1,500psf and $1,250psf respectively for 2 bedrooms.
Realised these properties were launched at $8xxpsf and $7xx psf respectively! U tink any chance PI will drop to 950-1000psf and viz to 900-950psf? or am i dreaming too hard?
esp at PI, so many units in tt project (486), till now not sold out yet, and all ard are new condos coming up left right centre....surely must drop quite a bit rite?
I personally think its bullshiit asking for $1500psf for a 2 bedroom as such a price is applicable for small units. 2 bedders should fetch max $1200psf. I wouldn't even pay $700psf for this project if you ask me but thats just me.
Hope this info helps.
ps: I got my info from a database
Edited by Porker, 23 October 2008 - 11:08 PM.
Many could have been fully paid up so no worries.
I wasnt referring to those very old apartments but aprtments which are maybe currently only 1 or 2 yrs old or recently TOP. Becos of changing hands last year, the prices escalated much quicker than normal. Those would have a higher tendency to suffer price reduction. quick up quick down nothing surprising.
However, this doesnt remove the fact that if the newer apartments are selling lower, the older ones cant be selling higher. (not talking about En Bloc)
anyway I've NEVER been a speculator. when I buy property I have a real use for it.
Never for making the quick buck. It's just not my philosophy.
*Editing due to an important word I missed out*
i kana one suber arragront agent...that time ask about AMK HDB flat...
before i want to ask some basic info..he keep asking me if i got cash budget of above $80K if not dont waste his time, literally he said that... and f**off like that...that was begining of 07.
suber dog eyes.
i wrote to his company and complaint!. turn up his boss was one of my old uni classmate which he called and apologise.
Now market turn around, these ppl never know that the dog have their days...
time to get even
if you ready to sell at the price you want, then why not?
no deal just hang up lor
What do you think? For the coming months, what will the movement be for private properties? Up or down? Stagnant?
Asking cos thinking of getting one but duno to wait or buy now...
Also, which area is accessible yet affordable?
Please contribute. Thanks...
Not now, wait a while longer. Either end of this year or start of next year, now ppl still can tahan the economy
What is your advice on the JewelChuan Hoe? Its going at $320-340psf for 999 tenure.
I am looking for a property that can house 3 couples + 2 small kids + maid.
As I am not familiar with land property, is it already considered cheap or would it go below as there is already one corner unit going like $290psf.
Thanks in advance.
This one not near the dormitory right?
I sold it around 2.2mils & the developer has reno the whole place & the house is on sale now for 3 mils. Now , who will come out this money to buy the house man.
Private properly price keep on falling. I might be waiting the price to go down further &
then will buy one same size of properly at a cheaper price.
If we can find other buyers to buy over the whole project together, we probably can get a whopping discount. I think the developer will be thrilled to sell all his units at once! Have not call yet. Wait for family to be free then go down and see together.
Although a good price but other factors must be considered.
Hey Focusdude,
Send me a PM if you are buying. Maybe can organise a groupbuy.
so that's why i believe the market will go back to somewhere around those levels.
$800psf for River Valley is where i foresee.
Have to work hard and save money for the next 3 years so that can buy when the time comes.
.... six years later....
�
Pasir Ris still selling at $1k psf.
It will come down...
![[laugh]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tdoI9DZTG9-m4DZGiHx7KOM2Qu5FBR5hY9lKA5Z34-HtbJzlBSJmXpJJ0Kb0NzaMwRrbKcOwHSc-7sDuHAsPlYc59Jtfv6cpLj_CfHKupH3fZLthy29gQebkKRQd_Cnd-fJhyAVQ=s0-d)
lets reopen this thread another 6 years, see price got down anot hahaha
lets reopen this thread another 6 years, see price got down anot hahaha
�
Got... St Regis Residences penthouse, selling at 48% discount to buyer's last done price... Bought at $26m, asking $14m now... lai lai who's got spare change to pick the bargain?
![[grin]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sLjUjmbFAFc6gICdgIyYUQCdtNlAEsJLglszqIMlB4kXZloMSrD-gpQ19Q1skA5oDYDmmH3-3DvvjWjedw7CbGKfDJKUXCKe7Orc_HJUpSJya_uBi6VD7M0XS4bXann4c0W7M=s0-d)
�
Sauce: This week's The Edge Magazine
Unless some major disaster or financial doom happen, these prices are attractive now...
If buying for stay, just get a comfortable place to stay, price appreciate, double happiness :)
If buying for investment, good time to look around...
Hahaha, you really this foolish ah?.... six years later....
�
Pasir Ris still selling at $1k psf.
It will come down...
Simply cutting this section and commenting on it is like taking out my army days photo and saying that i am still in the army, whahahahahahaha
You should read and follow all my other posts in between the so many threads, my friend.
I have changed my view since mid 2009 to 2010 after seeing certain changes in market sentiment and fundamentals and bought another property in early 2010 avoiding all CMs.
Last action was selling at the peak in mid 2013. And calling for the drop since.
Most importantly, whether right or wrong, as i have so mentioned many many times.
Put your money where your mouth is as i always have.
Aiyo..I copy n paste fail. But bottom line us those I copied from ura site. These are the ones from 6xx psf...n there are resale going for 4xx psf in district 18 I don't bother to copy la.
Resale at 4xx psf is still making money coz the property brought at what price? Proper analysis will tell u why.
Point is the value of our money has been eroded. With more money chasing asserts that's why people still buy. Now our economy us built based on debt. Europe, japan n now china lowering interest etc. What does this tell u?
Tampines Court?
�
Edited by Ben5266, 24 November 2014 - 06:32 PM.
�
Cannot compare 30 year old HUDC against new condos also la....
donno leh... this is one I could find to be lower than $500.
No bad leh.. 1700sqft for less than $900k.
�
in 2012 a few families paid over $1.2million.... heart pain man....
donno leh... this is one I could find to be lower than $500.
No bad leh.. 1700sqft for less than $900k.
�
in 2012 a few families paid over $1.2million.... heart pain man....
That hurts.... 300k cheaper in less than 2 years
Hahaha, you really this foolish ah?
Simply cutting this section and commenting on it is like taking out my army days photo and saying that i am still in the army, whahahahahahaha
You should read and follow all my other posts in between the so many threads, my friend.
I have changed my view since mid 2009 to 2010 after seeing certain changes in market sentiment and fundamentals and bought another property in early 2010 avoiding all CMs.
Last action was selling at the peak in mid 2013. And calling for the drop since.
Most importantly, whether right or wrong, as i have so mentioned many many times.
Put your money where your mouth is as i always have.
*proud*
And you leh? Muayhahahahahahaha
So buy lah! Waiting for what? Heeeeeeeee
http://www.mycarforu...-3#entry3598821
You said...
�
Suburban mass market condos will drop easily to about $800psf within the next 2 years.
Currently those left to buy are upgraders who have to take on a larger debt than they already have now. plus, so much supply coming. you dont touch, I dont touch, foreigners dont touch, where do prices go from here?
An overall 20% decline across all category in the next 2 yrs is the ideal result which the Govt are trying to acheive.
I keep my cash for now��������������
=================================
Muayhahaha you can stalk every post i made.http://www.mycarforu...-3#entry3598821
You said...
�
Suburban mass market condos will drop easily to about $800psf within the next 2 years.
Currently those left to buy are upgraders who have to take on a larger debt than they already have now. plus, so much supply coming. you dont touch, I dont touch, foreigners dont touch, where do prices go from here?
An overall 20% decline across all category in the next 2 yrs is the ideal result which the Govt are trying to acheive.
I keep my cash for now��������������
=================================
I am almost 100% spot on lah....
And thanks again for highlighting that i am right on that post date 2011
that is exactly where suburban mass markets are today. Around the $800psf handle.
If your idea of psf is a mickey mouse unit then you are not on the same page as most people.
We talk about proper units suitable for families.
Secondly, i am right again on where the Govt hopes the market to go. Why do you think the Govt is holding CMs firm and talking down the market?
Thirdly, i kept my cash as i said i will since that post.
So there.
Anymore?
Dont waste your time scouring through my posts lah. I was right, am right, will be right.
And like i said, even if i wasnt right, i put my money where my mouth is, and thats what counts.
You leh? Share share leh...
Nothing to share? Thats bcos you are simply a troll with low credibility.
Therefore i hvae to write you off from here on.
Over and out....
Edited by Throttle2, 25 November 2014 - 03:33 PM.
http://www.mycarforu...-3#entry3598821
You said...
�
Suburban mass market condos will drop easily to about $800psf within the next 2 years.
Currently those left to buy are upgraders who have to take on a larger debt than they already have now. plus, so much supply coming. you dont touch, I dont touch, foreigners dont touch, where do prices go from here?
An overall 20% decline across all category in the next 2 yrs is the ideal result which the Govt are trying to acheive.
I keep my cash for now��������������
=================================
�
LOL kana csi , haiz , my comments is so what if you managed to bring out a post so long ago ? Though there might be some errors in his post but if one remember what measures the garmen put out in 2011 you would have known why prices went up and not down. Wonder how free some fellows here are.
�
People's opinion cannot change?
�
�
�
�
Taken from MAS website.
�
In January 2011, MAS lowered the loan-to-value (LTV) limits for property purchases as part of the Government�s measures to maintain a stable and sustainable property market. The LTV limit was lowered from 70% to 60% for individual purchasers with one or more outstanding housing loans. The LTV limit for non-individual property purchasers was also lowered to 50%. These targeted measures were in addition to the measures previously introduced in 2010. They were also intended to help moderate market sentiments and encourage greater financial prudence among property purchasers.
In June 2011, MAS proposed that financial institutions provide a residential property loans fact sheet when marketing housing loans to consumers. The fact sheet aims to provide information essential to a consumer�s decision to take up a residential loan, including how loan repayments may change under different interest rate scenarios. After incorporating feedback received, the fact sheet was finalised in November 2011 and implemented in March 2012. In July 2011, MAS also formally imposed regulatory LTV limits on mortgage equity withdrawal loans (MWLs). These are loans that home owners can obtain, based on their equity in a property that they own. The move served to align the rules for MWLs with those imposed on residential property loans.
In December 2011, with market sentiments still strong, MAS was involved in the Government�s effort to introduce an additional buyer�s stamp duty (ABSD). The ABSD aimed to moderate investment demand for private residential property and promote a sustainable property market. The ABSD is imposed over and above the existing buyer�s stamp duty, and the rates are determined by the number of properties owned and whether the purchaser is a foreigner, permanent resident or Singapore citizen.
conclusion
�
market is down
�
5%
�
LOL kana csi , haiz , my comments is so what if you managed to bring out a post so long ago ? Though there might be some errors in his post but if one remember what measures the garmen put out in 2011 you would have known why prices went up and not down. Wonder how free some fellows here are.
�
People's opinion cannot change?
�
�
�
�
Taken from MAS website.
�
In January 2011, MAS lowered the loan-to-value (LTV) limits for property purchases as part of the Governments measures to maintain a stable and sustainable property market. The LTV limit was lowered from 70% to 60% for individual purchasers with one or more outstanding housing loans. The LTV limit for non-individual property purchasers was also lowered to 50%. These targeted measures were in addition to the measures previously introduced in 2010. They were also intended to help moderate market sentiments and encourage greater financial prudence among property purchasers.
In June 2011, MAS proposed that financial institutions provide a residential property loans fact sheet when marketing housing loans to consumers. The fact sheet aims to provide information essential to a consumers decision to take up a residential loan, including how loan repayments may change under different interest rate scenarios. After incorporating feedback received, the fact sheet was finalised in November 2011 and implemented in March 2012. In July 2011, MAS also formally imposed regulatory LTV limits on mortgage equity withdrawal loans (MWLs). These are loans that home owners can obtain, based on their equity in a property that they own. The move served to align the rules for MWLs with those imposed on residential property loans.
In December 2011, with market sentiments still strong, MAS was involved in the Governments effort to introduce an additional buyers stamp duty (ABSD). The ABSD aimed to moderate investment demand for private residential property and promote a sustainable property market. The ABSD is imposed over and above the existing buyers stamp duty, and the rates are determined by the number of properties owned and whether the purchaser is a foreigner, permanent resident or Singapore citizen.
we all know property market moves much slower although still following fundamentals.
The key is to catch the timing of the move.
Moreover, it isnt as liquid as stocks or other paper instruments.
The likelihood is by the time a low foodchain (mass market) investor thinks it has peaked and want to sell, he Is probably late.
Somewhat like the retail stock market crowd who reads the newspapers and decides to make the move when all the insti and private clients etc etc have already done so. The tail end then suffers as they always will.
My take again i repeat is for prices to go to 2010 levels within next two years.
Hopefully someone continues to stalk me. Maybe i start fan club.
Its good to check back and see how we are doing.
Hyek hyek hyek
conclusion
�
market is down
�
5%
Well depends on how you look at things.
If you like big fuzzy figures lumping up all the intricacies, perhaps.
But thats as good as saying that every Singaporean is a bona fide millionaire.
The market segment that i am interested in is down at least 10% already, make no mistakes about that.
And it is coming down further.
Well depends on how you look at things.
If you like big fuzzy figures lumping up all the intricacies, perhaps.
But thats as good as saying that every Singaporean is a bona fide millionaire.
The market segment that i am interested in is down at least 10% already, make no mistakes about that.
And it is coming down further.
�
And for those people holding cash and waiting to enter at an attractive price, watching the market now is like watching porn, but trying hard not to shoot too early.
![[lipsrsealed]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sQ4N6QNhmpiuY2xwX5ROUDqdKktHIYXANNwo0CDFNX8ETwZPozq1QORFl8-_ku_50XhcTgiZ1vz2wLB7LQcTLKzVVG_VJ5_St46c37Q4jX_0w0-0C62UHwi1fI3iZPv4am-FmW7U-ARS5EaQ=s0-d)
This is interesting.. Are u looking for an incredibly small Mm units that's why so high psf?
The larger developer units have been selling at 7xxpsf (I even spotted 6xx for coco palms) to 8xx psf since dunno when. Resale units go even lower..
Thanks to MMs the statistics have been distorted.
�
so bro in your opinion, V8 with prime view selling at $1000+ psf is consider a safe buy?
�
And for those people holding cash and waiting to enter at an attractive price, watching the market now is like watching porn, but trying hard not to shoot too early.
Not quite porn yet
too early
Note that my discussion is always base on the perspective of an investor and not one buying a first property to live in.
Warren Buffet mentioned below half price can consider.
we all know property market moves much slower although still following fundamentals.
The key is to catch the timing of the move.
Moreover, it isnt as liquid as stocks or other paper instruments.
The likelihood is by the time a low foodchain (mass market) investor thinks it has peaked and want to sell, he Is probably late.
Somewhat like the retail stock market crowd who reads the newspapers and decides to make the move when all the insti and private clients etc etc have already done so. The tail end then suffers as they always will.
My take again i repeat is for prices to go to 2010 levels within next two years.
Hopefully someone continues to stalk me. Maybe i start fan club.
Its good to check back and see how we are doing.
Hyek hyek hyek
�
Simi food chain , i only know when someone loses all their assets , there are bound to be bargains , thats all i know. Now is not the time yet , more to come , that said , people should pay attention to the car auctions , more and more bmw on the sale
�
so bro in your opinion, V8 with prime view selling at $1000+ psf is consider a safe buy?
R u looking for a place to stay?
What type of investors are u?
R u looking for capital gains or cash flow?
If u foresee yourself selling within 5 years?
Or just want a steady cash flow for the next 30 years?
The international school has secured lease for the next 30 years.
But then again if u have loads of cash..then why dun you buy somewhere central where prices have already dropped 10-20 percent?
�
Simi food chain , i only know when someone loses all their assets , there are bound to be bargains , thats all i know. Now is not the time yet , more to come , that said , people should pay attention to the car auctions , more and more bmw on the sale
Yeah, car auctions could be early indicators, wahahaahaha....good one
Warren Buffet mentioned below half price can consider.
�
� � He can eat ONE meal a day,his spread is good enough to last b/f till dinner then go home and squad to digest his book.
To add on...u need to ask yourself what is your risk level. .How old are u? How many years of loan can u get if you want to wait?�
so bro in your opinion, V8 with prime view selling at $1000+ psf is consider a safe buy?
As of now I can be certain that many mrt stations will spring up all over singapore. Being near mrt will be a norm. Paying a premium just because its near mrt is it worth it?
Next to mrt means having to put up inconvenience when mrt is being built..means rental affected. Being near means doesn't have to put up with the maddening crowd n noise.
The number of mrt station s is numerous. ..compared to international schools. How many international schools are there? How many international schools without dorms? Is a condo near mrt n international schools perceived of more value as compared to those near mrt only?
V8 just next to an international school..future mrt is likely going to be a street or two away..walkable. will not be affected by the constr..with sea views n a wide range of neighbourhood amenities. There must be reason why 8 units were sold in oct last month.
Depending on your answers to the qns I posed above. .u decide on your risk level n where u want to invest. Always invest based on fundamentals n not becoz everyone is doing so. Do your own research. .There is so many sources of reliable info around. Forums may not be the best place.
Most people I know swear that buying ccr can never go wrong..n yet look at how the prices trend now? Bearing in mind some are brought during the crisis period in 2007-9. Some have to offload when they don't have the holding power. Always consider the worst case scenario and plan your exit strategy. .
There will never be a clear cut answer. Every one risk appetite is different la.
Edited by enos, 25 November 2014 - 10:13 PM.
we all know property market moves much slower although still following fundamentals.
The key is to catch the timing of the move.
Moreover, it isnt as liquid as stocks or other paper instruments.
The likelihood is by the time a low foodchain (mass market) investor thinks it has peaked and want to sell, he Is probably late.
Somewhat like the retail stock market crowd who reads the newspapers and decides to make the move when all the insti and private clients etc etc have already done so. The tail end then suffers as they always will.
My take again i repeat is for prices to go to 2010 levels within next two years.
Hopefully someone continues to stalk me. Maybe i start fan club.
Its good to check back and see how we are doing.
Hyek hyek hyek
Very well said. One has to be in the inner circle to be in the know. That's why timing the market is so hard n difficult for normal investors.
There must be reason why 8 units were sold in oct last month.........
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Bro enos, comprehensive indeed.
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But with reference to the above statement, is there suppose to be good or bad???
Attached Thumbnails
eeeeeyur Melville park
eeeeeyur Melville park
I know what you mean.....
eeeeeyur Melville park
Tanjong Rhu at lower psf...
Edited by Azzurro, 26 November 2014 - 01:05 AM.
eeeeeyur Melville park
?? deepavali very happening there . Huge celebration
Ok.. lets stop arguing.. I'm not property agent or expert by the way.. attached transactions for coco Palm n Melville park and tampines court for your reference..
Bro, what app are you using? Looks interesting for amateur hunters in the market
Property prices up or down? It's surely upside down now!
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That's all I know.
Bull market bear market only pigs get slaughtered
squarefoot.comBro, what app are you using? Looks interesting for amateur hunters in the market
just get a place you dun mind staying for the next 10 yrs.. :) i am sure you would have ride to the next cycle.
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However, L99 sure dun look attractive now.
?? deepavali very happening there . Huge celebration
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Not�??.�Confirm, chop and guarantee. One year they closed the entire section of the perimeter road for residents to play/celebrate. Cars had to go the longer way to reach their towers. First hand experience.
$900 - $1000 psf for Pasir Ris ... Isn't that a little on the High Side? ...
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Then again ... Maybe I'm out of touch ...�
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eeeeeyur Melville park
Popular with them coz close to Chennai Business Park�
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i heard M?u?m?b?a?i?� Mandarin Gardens also
Scary thing is that the market could "flip" very fast from slow decline to full out panic...
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The more you try to manage something as complex as a property market, the easier it is to get it wrong, once sentiment turns, then jialat die man,�
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If international investors flee, there is liquidity tightening, much TOP....then could get full scale "panic" (remember that people are not always rational).�
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Remember also - that in the US crisis it was actually only a very small proportion of mortgages that had problem, but that very small proportion was enough to drag the market down, which in turn caused more problems.�
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Just imagine, those that currently in "strong" liquidity position, will they still be so strong if haven't had a tenant in six months, and if market has dropped 15% since they bought? �They sell, but add to the flood of TOP related sales, price drops further....
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Scary thing is that the market could "flip" very fast from slow decline to full out panic...
�
The more you try to manage something as complex as a property market, the easier it is to get it wrong, once sentiment turns, then jialat die man,�
�
If international investors flee, there is liquidity tightening, much TOP....then could get full scale "panic" (remember that people are not always rational).�
�
Remember also - that in the US crisis it was actually only a very small proportion of mortgages that had problem, but that very small proportion was enough to drag the market down, which in turn caused more problems.�
�
Just imagine, those that currently in "strong" liquidity position, will they still be so strong if haven't had a tenant in six months, and if market has dropped 15% since they bought? �They sell, but add to the flood of TOP related sales, price drops further....
�
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MKT is not that bad lah.. you just need to open the immigration tap.
most of us can't even predict next week's 4D number...What do you think? For the coming months, what will the movement be for private properties? Up or down? Stagnant?
Asking cos thinking of getting one but duno to wait or buy now...
Also, which area is accessible yet affordable?
Please contribute. Thanks... http://www.mycarforu.../flowerface.gif
I say next few months property price will have a 50% chance of moving up, and follow by a 50% chance of moving down, possibly reversing from moving downwards first before moving upwards. Probability is at 50%. Quite accurate.
I don't know.. just print out only.. first of all.. I wouldn't buy that place.. even if buy that area, got older freehold selling at same price..Chucky, you forgot to highlight that for cocopalms the prices are inflated as those are developer sales.......
Outskirts location.. buy leasehold more risk and may not hold the price in my opinion. But again I'm not expert like the coco Palm buyers. Must have some really attractive reasons novice like me can't see..
Pty up or down, ppl still need to eat, do the right things & accept the tides has changed or lose out ( eventually )
most of us can't even predict next week's 4D number...
I say next few months property price will have a 50% chance of moving up, and follow by a 50% chance of moving down, possibly reversing from moving downwards first before moving upwards. Probability is at 50%. Quite accurate.
�
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� � Yeah, agreed wif your statement, however if every1 can strike 4D/ TOTO & Big Sweep, no body will be working their butt out correct, 20-25% decrease in pty prices would be a fair gauge, anything higher would have a repercussion effects on Vendor's side, not forgetting, you sell high, u buy high too !!
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� � There is no such things as 50% drop in pty pricing as we are unlike US sub-prime and Freddy Mae's borrowing. we dun want another history repeating itself.
$900 - $1000 psf for Pasir Ris ... Isn't that a little on the High Side? ...
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Then again ... Maybe I'm out of touch ...�
�
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my place is near pasir ris and less than $900.
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YES... Pulau Ubin!
most of us can't even predict next week's 4D number...
I say next few months property price will have a 50% chance of moving up, and follow by a 50% chance of moving down, possibly reversing from moving downwards first before moving upwards. Probability is at 50%. Quite accurate.
... you bet both Red and Black....
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...but it might open 0!
�
�
� � Yeah, agreed wif your statement, however if every1 can strike 4D/ TOTO & Big Sweep, no body will be working their butt out correct, 20-25% decrease in pty prices would be a fair gauge, anything higher would have a repercussion effects on Vendor's side, not forgetting, you sell high, u buy high too !!
�
� � There is no such things as 50% drop in pty pricing as we are unlike US sub-prime and Freddy Mae's borrowing. we dun want another history repeating itself.
that's a dangerous assumption to assume the property can never drop 50%..
it could never happen again or it could happen again. The question is what will happen if it does? Will u be prepared enough to capitalize on the crisis, or will you be catch and worry during the crisis... This 2 set of thought process will charter the financial earning and spending path..
Ya man!! Like in HK drama.. ??! ??? ???my place is near pasir ris and less than $900.
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YES... Pulau Ubin!
... you bet both Red and Black....
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...but it might open 0!
Edited by Chucky2007, 26 November 2014 - 02:05 PM.
To add on...u need to ask yourself what is your risk level. .How old are u? How many years of loan can u get if you want to wait?
As of now I can be certain that many mrt stations will spring up all over singapore. Being near mrt will be a norm. Paying a premium just because its near mrt is it worth it?
Next to mrt means having to put up inconvenience when mrt is being built..means rental affected. Being near means doesn't have to put up with the maddening crowd n noise.
The number of mrt station s is numerous. ..compared to international schools. How many international schools are there? How many international schools without dorms? Is a condo near mrt n international schools perceived of more value as compared to those near mrt only?
V8 just next to an international school..future mrt is likely going to be a street or two away..walkable. will not be affected by the constr..with sea views n a wide range of neighbourhood amenities. There must be reason why 8 units were sold in oct last month.
Depending on your answers to the qns I posed above. .u decide on your risk level n where u want to invest. Always invest based on fundamentals n not becoz everyone is doing so. Do your own research. .There is so many sources of reliable info around. Forums may not be the best place.
Most people I know swear that buying ccr can never go wrong..n yet look at how the prices trend now? Bearing in mind some are brought during the crisis period in 2007-9. Some have to offload when they don't have the holding power. Always consider the worst case scenario and plan your exit strategy. .
There will never be a clear cut answer. Every one risk appetite is different la.
You property agent right?
You property agent right?
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and quite pro if he is one. I would like to buy from him given an opportunity.
I heard of a chap who flipped a Sentosa Cover property for 30M (He got it for <10M) anything that goes up that quick without strong fundamentals is bound to come crashing down fast.
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I cite an example, a property somewhere in Sentosa was quoted in thw region of 24-26 mil just one and a half years back was recently quoted at 12-14 mil negotiable. Up to you to decide whether can or cannot
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You property agent right?
No. Just an IT project manager who happens to be very interested in property investment.
I managed each property purchase like a project, from research, funding, stakeholders, considerations, roi, risk management exit strategy etc. :)�
and quite pro if he is one. I would like to buy from him given an opportunity.
Edited by enos, 26 November 2014 - 10:37 PM.
In other words you're the scrum master, user, developer & UAT tester �all in one.
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I managed each property purchase like a project, from research, funding, stakeholders, considerations, roi, risk management exit strategy etc. :)
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LOL, my fwen family sold their place there recently too�
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eeeeeyur Melville park
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In other words you're the scrum master, user, developer & UAT tester �all in one
�
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Not a scrum master. I lead teams to deploy enterprise wide solutions, change management n user adoption.
Do you cater to a particular industry i,e finance, or does your firm do consultancy based project management for various sectors?
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Property wise do you have a checklist of things to lookout for when considering a potential investment?
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Personally I like to look for older properties near upcoming mrt stations, granted everyone will be near one some point in the future. But I believe proximity does play and important part in containing the value. Timing has to be right though to avoid the peak construction period and the chaos it brings.
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�
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Not a scrum master. I lead teams to deploy enterprise wide solutions, change management n user adoption.
�
I managed each property purchase like a project, from research, funding, stakeholders, considerations, roi, risk management exit strategy etc. :)
Wah so professional
Property wise do you have a checklist of things to lookout for when considering a potential investment?
�
Personally I like to look for older properties near upcoming mrt stations, granted everyone will be near one some point in the future. But I believe proximity does play and important part in containing the value. Timing has to be right though to avoid the peak construction period and the chaos it brings.
�
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I am interested in building up cash flow...hence my approach is different.
I assessed each project differently. Characteristics I look out for... Livability... Age...conditions of the unit...amenities...ease of getting transport.. Profile of tenants which the project will attract..the list goes on.in short things that tenants look out for..
But I know Most investors look at only the entry price while forsaken the above mentioned attributes. Examples include buying next to substations major roads etc just because dirt cheap. But usually what u pay for is what you get as most of the time people will avoid staying such places.
As for buying near mrt.. Have to depend on where n how well connected is your mrt node...
Nonetheless I should emphasize that it is the ease of getting to the destination matters. Hence such needs can easily fulfilled by buses at times so having a well connected busstop also helps.
I managed each property purchase like a project, from research, funding, stakeholders, considerations, roi, risk management exit strategy etc. :)
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stakeholders?? how to check who each unit owner is?
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by right u shld apply wat u said above, by left real life i use that plus gut feel. luck plays alot
Stakeholders refers to the parties who are going to be benefitted or affected by the project. In this case likely parties will be investors n targeted tenants.�
stakeholders?? how to check who each unit owner is?
�
by right u shld apply wat u said above, by left real life i use that plus gut feel. luck plays alot
If you invest base on your gut feel n luck n it works..then good for u! There is no right or wrong way..just different approaches. Just like stocks
.some just pick based on their gut feel while others prefer technical analysis.
Edited by enos, 27 November 2014 - 09:38 PM.
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Hello Everybody,
Trả lờiXóaMy name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.