Thứ Sáu, 23 tháng 12, 2016

Private property prices... Up or Down? part 11

  • 16 April 2015 - 11:40 PM
    Mercury1

    Is Northpoint development the one next to the MRT track, if so I would question paying good money to live next to an MRT track. Personally I reckon the market will correct sometime in the future I wouldn't enter the market so soon if I were you.

    http://www.thenorthp...s.com/location/

    Hmmm... from what I've read so far I reckon most of the bros and sises here think North Park is not a good idea? I actually liked the "home above a mall / MRT / bus interchange" concept enough for me to go down and take a look at the show flats.

    The other one I have in mind is Sky Vue in Bishan, supposedly 3 mins walk to the MRT and about 20% higher premium than North Park per similar units with similar floor areas.

    Are either of these worth considering (for own stay), or should I wait a little longer (NP TOP end 2018, SV TOP end 2017) to see how things go? Any advises / thoughts / insights welcomed and appreciated, thanks.


  • 17 April 2015 - 12:09 AM
    Bavarian


    is that impt? many people like to feel shiok with paper gain

    next batch buyer will also scared to miss the boat and buy

    then FCL can raise price even more during the third phase�

    Property agent talk...do you attend their funeral when they jump? At least the Pek Kim should be quote substantial, you get what I mean?
  • 17 April 2015 - 10:15 AM
    efssc

    Let me KPO. If want to downsize then maybe get a 2br condo or a HDB 3br will do.

    Less liability the better for retirement. More money in pocket go holiday and relax. [:)]

    No no, not KPO, I am exploring options so all advice welcomed.

    Yes, if getting a condo, will likely be 2br and not anything bigger, been looking at resales too, just that this North Park option so happened to popped up and I was drawn to it's "live on top a mall" concept so taking a look-see.�

    I have also been looking at the Centris at Jurong Point, but the 2br there are around 100 sqm if I'm not wrong, and might end up defeating our purpose of downsizing.


  • 17 April 2015 - 10:17 AM
    Sabian

    Look at Hong Kong sizing. That's where we're headed.


    Edited by Sabian, 17 April 2015 - 10:18 AM.

  • 17 April 2015 - 10:17 AM
    Mrmilktooth

    wow large living area (12 sqm)
    good sized rooms (7 sqm)

    all for just $1.2m� [:)]


    I compared against my tiny 2 bidder hdb. And wow. My living room and mbr is larger than this!!!! And I find my mbr v small. Not enough to put king size mattress in.. .

    In their illustration, are they using mini me sized beds? Lol..
  • 17 April 2015 - 10:18 AM
    Wyfitms

    I compared against my tiny 2 bidder hdb. And wow. My living room and mbr is larger than this!!!! And I find my mbr v small. Not enough to put king size mattress in.. .

    In their illustration, are they using mini me sized beds? Lol..

    haha

    let's just say that if you buy a condo these days, also be prepared to spend money to buy customized furniture

    all have to shave off a few inches� [laugh]


  • 17 April 2015 - 10:22 AM
    efssc

    wow large living area (12 sqm)

    good sized rooms (7 sqm)

    all for just $1.2m� [:)]

    To be fair to North Park, the layouts I've seen so far seem to be well thought and planned out, most living areas are kept squarish hence easy to utilize, there are very few corridors (I always consider corridors as non-functional waste of space) are most are kept short.

    Only thing is no bathtub. Yes, I understand bathtubs are no longer the in-thing today and most new condos (except those super exp and super lux ones) come without them, but I've been a tub guy all my life and I love my hot baths at the end of the day.� [smallcry]


  • 17 April 2015 - 10:25 AM
    Yaloryalor

    No no, not KPO, I am exploring options so all advice welcomed.

    Yes, if getting a condo, will likely be 2br and not anything bigger, been looking at resales too, just that this North Park option so happened to popped up and I was drawn to it's "live on top a mall" concept so taking a look-see.�

    I have also been looking at the Centris at Jurong Point, but the 2br there are around 100 sqm if I'm not wrong, and might end up defeating our purpose of downsizing.

    For retirement I think live near community centre is very good. Many activities there.

    Buying a resale not a bad choice, you can reno to your liking and will look "new" internally. The centris has2 br units about 90sqm too.

    The market is slow, take your time to shop shop. For resale unit, I think the sellers are more willing to nego especially if the unit has been put on sale for more than 3 mths.


  • 17 April 2015 - 10:27 AM
    efssc

    I compared against my tiny 2 bidder hdb. And wow. My living room and mbr is larger than this!!!! And I find my mbr v small. Not enough to put king size mattress in.. .

    In their illustration, are they using mini me sized beds? Lol..

    Went to see the showroom, they actually fit king size beds in their mbr, but after that you'll just be left with a 400~500mm walk way all around (just enough width to squeeze in a bedside table) and that's about it.

    If you look at it (really) positively, at least it makes it easier for the i-robot to do its thing.� [thumbsup]


  • 17 April 2015 - 10:41 AM
    Sabian

    Went to see the showroom, they actually fit king size beds in their mbr, but after that you'll just be left with a 400~500mm walk way all around (just enough width to squeeze in a bedside table) and that's about it.

    If you look at it (really) positively, at least it makes it easier for the i-robot to do its thing.� [thumbsup]

    Good for old folks mah.

    Trip and fall in this part of the room, you kenna the bed. Trip and fall in that part of the room, the bed saves you again.

    It's a safety feature we are currently applying a patent for and it will be called safety first bedroom (No matter how you trip, you'll land on the bed, please read the disclaimers in the fine print though).

    The Hong Kong developers have not patented it yet. But hearsay, they have patented the safety first toilet but we not keen on that.


  • 17 April 2015 - 10:53 AM
    efssc

    Good for old folks mah.

    Trip and fall in this part of the room, you kenna the bed. Trip and fall in that part of the room, the bed saves you again.

    It's a safety feature we are currently applying a patent for and it will be called safety first bedroom (No matter how you trip, you'll land on the bed, please read the disclaimers in the fine print though).

    The Hong Kong developers have not patented it yet. But hearsay, they have patented the safety first toilet but we not keen on that.

    Huh?

    HK has this already? Then how do they explain the guy in Shatin who fell and got stuck in the gap between the bed and wall for a week surviving only on air-con condensate and the bags of peanuts he had stocked up next to his bed? Shouldn't he have fallen onto the bed instead?

    If his wife did not come home early from her trip because she couldn't get him on the phone, he might have been dead.


  • 17 April 2015 - 10:57 AM
    Sabian

    Huh?

    HK has this already? Then how do they explain the guy in Shatin who fell and got stuck in the gap between the bed and wall for a week surviving only on air-con condensate and the bags of peanuts he had stocked up next to his bed? Shouldn't he have fallen onto the bed instead?

    If his wife did not come home early from her trip because she couldn't get him on the phone, he might have been dead.

    I was horsing around...mai so serious. But HK truly is way ahead of us in downsizing unit sizes.


  • 17 April 2015 - 11:00 AM
    efssc

    I was horsing around...mai so serious. But HK truly is way ahead of us in downsizing unit sizes.

    hahaha... I know la bro, and I guess you didn't get my joke, there wasn't any guy in Shatin who fell and got stuck between his bed and wall and survived on peanuts and air-con water la..� [thumbsup]

    Sorry, me old liao, sense of humour also not up to date liao... prob that's why my joke not funny... [smallcry]


    Edited by efssc, 17 April 2015 - 11:06 AM.

  • 17 April 2015 - 11:01 AM
    Yaloryalor

    Huh?

    HK has this already? Then how do they explain the guy in Shatin who fell and got stuck in the gap between the bed and wall for a week surviving only on air-con condensate and the bags of peanuts he had stocked up next to his bed? Shouldn't he have fallen onto the bed instead?

    If his wife did not come home early from her trip because she couldn't get him on the phone, he might have been dead.

    Hahaha.. He is trying to say the room is so small that can only fit a bed. So how you fall will still be on the bed.


  • 17 April 2015 - 11:11 AM
    Sabian

    hahaha... I know la bro, and I guess you didn't get my joke, there wasn't any guy in Shatin who fell and got stuck between his bed and wall and survived on peanuts and air-con water la..� [thumbsup]

    Sorry, me old liao, sense of humour also not up to date liao...

    Wahahaha...TGIF! I reread your post.�

    Was wondering if the fella's pet monkey shelled the peanuts for him for a week...

    As for air con water, I guess he can survive if it isn't gluey stuff that comes out as mentioned in the aircon thread.


    Hahaha.. He is trying to say the room is so small that can only fit a bed. So how you fall will still be on the bed.

    My bro works in HK and when mom visited him. I asked her how "big" was his apartment.

    She summed it up:

    From the "living room": 3 steps to the bedroom, 3 steps to the toilet, 3 steps to the "kitchen", 3 steps to the main door" [laugh]


  • 17 April 2015 - 11:18 AM
    Yaloryalor

    Wahahaha...TGIF! I reread your post.�

    Was wondering if the fella's pet monkey shelled the peanuts for him for a week...

    As for air con water, I guess he can survive if it isn't gluey stuff that comes out as mentioned in the aircon thread.


    My bro works in HK and when mom visited him. I asked her how "big" was his apartment.

    She summed it up:

    From the "living room": 3 steps to the bedroom, 3 steps to the toilet, 3 steps to the "kitchen", 3 steps to the main door" [laugh]

    Their housing system very jia lut. Average Hong Konger not qualified to apply for government house so have to buy smaller unit to squeeze whole family.

    They are so many mountainous area but reserved for natural also dun wan to use for building houses.


  • 17 April 2015 - 11:46 AM
    Wt_know

    i think you have misread why they (the developer) do what they doing now [sly]

    it's not they don't want to build houses ... is they want to make the highest profit possible

    they want to reclaim land ... build extremely small house ... big title sea view ... 400sqft is the norm

    building cheap and big houses is not an option in HK ... i mean economic option

    is like can HDB go back to $200k per unit now?

    what about the no $500k no talk unit that were sold for the past 5-7 years?

    the developer in HK ... totally controlled the market ruthlessly ... [sly]

    and all the billionaires also semi-control the hk administration so called the "inner circle" who vote for chief executive

    do you think Li Ka Sing become so rich by selling handphone and internet service? lol

    Li Ka Sing control all the business in hk from selling newspaper to foodcourt to supermarket ... etc etc all controlled by owning the properties ... in hk ... property is everything ...

    a 600sqft cosmetic shop rent can cost hkd$600,000 per month

    Their housing system very jia lut. Average Hong Konger not qualified to apply for government house so have to buy smaller unit to squeeze whole family.

    They are so many mountainous area but reserved for natural also dun wan to use for building houses.


    Edited by Wt_know, 17 April 2015 - 11:51 AM.

  • 17 April 2015 - 11:58 AM
    Mockngbrd

    Live on top of mall sound likes sibeh songz until you find out whatever your maintenance fee/sinking fund all kenna eat up to maintain the mall and make the mall look sui sui. Then your condo look like shieeet after a while and lifts all start to picha. Then you go kaypo kaypo see the AGM the biggest shareholder is mall.

    Dunch say i never wong you.


    Only thing is no bathtub. Yes, I understand bathtubs are no longer the in-thing today and most new condos (except those super exp and super lux ones) come without them, but I've been a tub guy all my life and I love my hot baths at the end of the day.� [smallcry]

    My reno i threw out the tub. The only ones using it were my doggies.


    Edited by Mockngbrd, 17 April 2015 - 12:02 PM.

  • 17 April 2015 - 12:00 PM
    Lala81

    Their housing system very jia lut. Average Hong Konger not qualified to apply for government house so have to buy smaller unit to squeeze whole family.

    They are so many mountainous area but reserved for natural also dun wan to use for building houses.

    My dad always tell me their ground is very hard, very difficult to do piling as compared to the softer soil in SG.

    Is that true from a construction perspective?

    I've no idea


  • 17 April 2015 - 12:03 PM
    Mockngbrd

    My dad always tell me their ground is very hard, very difficult to do piling as compared to the softer soil in SG.

    Is that true from a construction perspective?

    I've no idea

    More prob because their land not flat. lots of up down up down. SG is more flat, but SG land is solid solid hard hard, that's why can erect so tall and long.


  • 17 April 2015 - 12:04 PM
    Wt_know

    even ignore mountain ... there are plenty of empty land in yuen long, new territory and other outskirt areas

    My dad always tell me their ground is very hard, very difficult to do piling as compared to the softer soil in SG.

    Is that true from a construction perspective?

    I've no idea


  • 17 April 2015 - 12:07 PM
    Lala81

    i think you have misread why they (the developer) do what they doing now [sly]

    it's not they don't want to build houses ... is they want to make the highest profit possible

    they want to reclaim land ... build extremely small house ... big title sea view ... 400sqft is the norm

    building cheap and big houses is not an option in HK ... i mean economic option

    is like can HDB go back to $200k per unit now?

    what about the no $500k no talk unit that were sold for the past 5-7 years?

    the developer in HK ... totally controlled the market ruthlessly ... [sly]

    and all the billionaires also semi-control the hk administration so called the "inner circle" who vote for chief executive

    do you think Li Ka Sing become so rich by selling handphone and internet service? lol

    Li Ka Sing control all the business in hk from selling newspaper to foodcourt to supermarket ... etc etc all controlled by owning the properties ... in hk ... property is everything ...

    a 600sqft cosmetic shop rent can cost hkd$600,000 per month

    Also the reason why their MTR corporation can rack up 2 billion in profit.


    Live on top of mall sound likes sibeh songz until you find out whatever your maintenance fee/sinking fund all kenna eat up to maintain the mall and make the mall look sui sui. Then your condo look like shieeet after a while and lifts all start to picha. Then you go kaypo kaypo see the AGM the biggest shareholder is mall.

    Dunch say i never wong you.

    Is this true?


  • 17 April 2015 - 12:17 PM
    efssc

    My reno i threw out the tub. The only ones using it were my doggies.

    haha.. this part I wouldn't know coz I don't keep dogs; the only shxt I'll ever wipe with these hands of mine are my own, and most definitely not gonna be picking any up from the floor.� [:)]


  • 17 April 2015 - 12:52 PM
    Eric4285

    To be fair to North Park, the layouts I've seen so far seem to be well thought and planned out, most living areas are kept squarish hence easy to utilize, there are very few corridors (I always consider corridors as non-functional waste of space) are most are kept short.

    Only thing is no bathtub. Yes, I understand bathtubs are no longer the in-thing today and most new condos (except those super exp and super lux ones) come without them, but I've been a tub guy all my life and I love my hot baths at the end of the day.� [smallcry]

    Centris 2bedders starts from 871sqft. Common are 936sqft. 3bedders starts from are 1066sqft.

    Yes� All Cenrtris MBR toilet comes with Bath tubs. Space layout functional too.�

    No Huge Balconies.� [:)]

    NPR layout quite good also. All rooms can fit in Queen beds. Squarish.


  • 18 April 2015 - 08:50 AM
    Throttle2


    Centris 2bedders starts from 871sqft. Common are 936sqft. 3bedders starts from are 1066sqft.
    Yes All Cenrtris MBR toilet comes with Bath tubs. Space layout functional too.�
    No Huge Balconies.� [:)]

    NPR layout quite good also. All rooms can fit in Queen beds. Squarish.


    Question is after fitting queen bed, can still walk or not?
    Or basically open room door, must jump onto bed already?

    Muayhahahahahahahahaha
  • 18 April 2015 - 08:52 AM
    Throttle2
    By the way, plse stick to topic.

    This thread is not to talk about condo projects.
    It is to discuss whether prices up or down, although there isnt much of a discussion becos it has been going down since Q3 2013 as predicted by me.

    Muayhahahahahahahahahaha
  • 19 April 2015 - 10:12 PM
    Porker

    By the way, plse stick to topic.

    This thread is not to talk about condo projects.
    It is to discuss whether prices up or down, although there isnt much of a discussion becos it has been going down since Q3 2013 as predicted by me.

    Muayhahahahahahahahahaha


    Haolian

    Muayhahahaha
  • 19 April 2015 - 10:18 PM
    Yeshe

    By the way, plse stick to topic.

    This thread is not to talk about condo projects.
    It is to discuss whether prices up or down, although there isnt much of a discussion becos it has been going down since Q3 2013 as predicted by me.

    Muayhahahahahahahahahaha

    please help predict by 2018 whether will it bottom out? [laugh] [laugh]


  • 20 April 2015 - 12:04 AM
    Volvobrick

    please help predict by 2018 whether will it bottom out? [laugh] [laugh]

    Yes, 2018 bottom out!

    ...... plus minus a few years.


  • 20 April 2015 - 12:26 AM
    Rayleigh

    Let me KPO. If want to downsize then maybe get a 2br condo or a HDB 3br will do.

    Less liability the better for retirement. More money in pocket go holiday and relax. [:)]

    3R-HDB can receive lots and lots of rebate.�


  • 20 April 2015 - 08:52 AM
    Yaloryalor

    i think you have misread why they (the developer) do what they doing now [sly]

    it's not they don't want to build houses ... is they want to make the highest profit possible

    they want to reclaim land ... build extremely small house ... big title sea view ... 400sqft is the norm

    building cheap and big houses is not an option in HK ... i mean economic option

    is like can HDB go back to $200k per unit now?

    what about the no $500k no talk unit that were sold for the past 5-7 years?

    the developer in HK ... totally controlled the market ruthlessly ... [sly]

    and all the billionaires also semi-control the hk administration so called the "inner circle" who vote for chief executive

    do you think Li Ka Sing become so rich by selling handphone and internet service? lol

    Li Ka Sing control all the business in hk from selling newspaper to foodcourt to supermarket ... etc etc all controlled by owning the properties ... in hk ... property is everything ...

    a 600sqft cosmetic shop rent can cost hkd$600,000 per month

    I have heard some Hk frens saying their ppl like the natural and hiking during the weekends which I think the cheaper housing should come first.

    The other group of HK frens were saying the same thing that you mentioned. Their gov fav the developers to build small expensive houses for high profits.


  • 20 April 2015 - 09:10 AM
    efssc

    By the way, plse stick to topic.

    This thread is not to talk about condo projects.
    It is to discuss whether prices up or down, although there isnt much of a discussion becos it has been going down since Q3 2013 as predicted by me.

    Muayhahahahahahahahahaha

    But if like that follow strictly very gan-kor leh...� [smallcry]

    1st post "property prices up or down?" followed by 3 answer posts "up", "down", "no change", then every year come back and see who guessed.. hmm... i mean "predicted" correctly, then the winner gets the boasting right to publish a 3-paragraph article talking about how "zhun" he is...

    Then will really be like what you said, won't be much discussion liao... [:p] [:p] [:p]

    p.s. In case anyone thinks this is a "serious" post, it is not.� [:p]


  • 20 April 2015 - 09:26 AM
    Wyfitms

    haha yes property price been dropping like a rock

    i guess u should take yishun out of the market cos it has been shooting up like a rocket

    and soon paya lebar also will be out of the equation too cos it will set a new benchmark�

    heh heh


  • 20 April 2015 - 09:46 AM
    Ben5266

    haha yes property price been dropping like a rock

    i guess u should take yishun out of the market cos it has been shooting up like a rocket

    and soon paya lebar also will be out of the equation too cos it will set a new benchmark�

    heh heh

    http://www.reuters.c...N0NA09X20150419

    China makes big cut in bank reserve requirement to fight slowdown

    ... so interest rate will go up or down?

    [confused]


  • 20 April 2015 - 10:15 AM
    Mockngbrd

    Is this true?

    I live on top of mall, what do you think?


    Edited by Mockngbrd, 20 April 2015 - 10:16 AM.

  • 20 April 2015 - 10:33 AM
    Leinad8919


    But if like that follow strictly very gan-kor leh...� [smallcry]

    1st post "property prices up or down?" followed by 3 answer posts "up", "down", "no change", then every year come back and see who guessed.. hmm... i mean "predicted" correctly, then the winner gets the boasting right to publish a 3-paragraph article talking about how "zhun" he is...

    Then will really be like what you said, won't be much discussion liao... [:p] [:p] [:p]

    p.s. In case anyone thinks this is a "serious" post, it is not.� [:p]


    Not every year come back....More like every two weeks after some news publication. People will come in "Muayhaha, see I told you so". Also don't know drop until when then will buy....or just ????
  • 20 April 2015 - 10:34 AM
    Lala81

    I live on top of mall, what do you think?

    Oh haha. 1st hand perspective.

    Thanks for the input.


  • 20 April 2015 - 10:37 AM
    Eric4285

    haha yes property price been dropping like a rock

    i guess u should take yishun out of the market cos it has been shooting up like a rocket

    and soon paya lebar also will be out of the equation too cos it will set a new benchmark�

    heh heh

    Queenstown, Bukit merah, Cantonment (Pinnacle Duxton) are still setting $900k up to $1.06m for (5RM HDBs) lolol

    Yes. Market had CRASHED...

    Well done.


  • 20 April 2015 - 10:41 AM
    Mockngbrd

    HUAT AH!!!! Next erection vote PAP!!! MORE HUAT YEARS AHEAD!!!!!! (Also thanks to Msia Umno for digging your country more into the ground and making us look best)


  • 20 April 2015 - 12:54 PM
    Throttle2


    But if like that follow strictly very gan-kor leh...� [smallcry]

    1st post "property prices up or down?" followed by 3 answer posts "up", "down", "no change", then every year come back and see who guessed.. hmm... i mean "predicted" correctly, then the winner gets the boasting right to publish a 3-paragraph article talking about how "zhun" he is...

    Then will really be like what you said, won't be much discussion liao... [:p] [:p] [:p]

    p.s. In case anyone thinks this is a "serious" post, it is not.� [:p]



    I know what you mean, i hv seen so many fellas like that.
    As for myself, and i hv said it umpteenth times, i put my money where my mouth is
  • 20 April 2015 - 01:46 PM
    Nissan833

    To be fair to North Park, the layouts I've seen so far seem to be well thought and planned out, most living areas are kept squarish hence easy to utilize, there are very few corridors (I always consider corridors as non-functional waste of space) are most are kept short.

    Only thing is no bathtub. Yes, I understand bathtubs are no longer the in-thing today and most new condos (except those super exp and super lux ones) come without them, but I've been a tub guy all my life and I love my hot baths at the end of the day.� [smallcry]

    My 2bedder PC also no tub.. initially my gf didn't like, wanted me to build a tub for her in the MBR toilet next time as it's quite okay sized. I told her she won't use it very often one. Although it's not for bathing but the condo project has 7-8 pools spread across the entire estate leh.. can go there soak� ^_^

    I travel overseas once a month, if I need my hot tub baths, I'll have it there.. but need to sanitize first lol� :D


  • 20 April 2015 - 01:57 PM
    efssc

    My 2bedder PC also no tub.. initially my gf didn't like, wanted me to build a tub for her in the MBR toilet next time as it's quite okay sized. I told her she won't use it very often one. Although it's not for bathing but the condo project has 7-8 pools spread across the entire estate leh.. can go there soak� ^_^

    I travel overseas once a month, if I need my hot tub baths, I'll have it there.. but need to sanitize first lol� :D

    I can't... [smallcry]��as much as I like hot baths, I don't think I will ever be able to convince myself to use a hotel or someone else's tub no matter how high end or many stars the place is.�

    And if I do end up buying resale and the place comes with a tub, I will still have to whack it out and replace with a brand new one, in fact I'll whack out all bathrooms and replace completely, and kitchen too if possible. It's an over-psyched personal thing.� [smallcry]


  • 20 April 2015 - 08:51 PM
    Mercury1

    Yep OP is you!� :D�Typing on iphone lazy to find your nick

    To be frank its quite likely any new apartment build you find now will unlikely appreciate in price but likely to go down instead, a lot of these new and hot areas are really untested and built on hype one way or the other. No one can really tell how things will pan out but the future doesn't look too rosy with rising interest and oversupply of property.

    Are you looking at this new place to stay for good? Is appreciation of the property very important as part of that factor? (considering you may not ever sell), also depends if you are taking a loan.

    To be frank if its for retirement you probably want to list down all the amenities and facilities important to you during your free time, location etc. Personally I like the older condo's as well because they have the "space" for the resort feel unlike today's cramped condo's, huge pools greenery etc.

    Hi, thanks for the reply, I assume OP = me? If so yeah, planning for retirement, where it'll just be me and the wifey so looking at downsizing. My current 100+sqm 3 bedroom is really starting to become a pain to upkeep as we get older (lazier?) and also I think about 70% of the space is under utilized, so we're really looking at either a 1+1 or a 2 bedder (the extra room can be used for storage or occasional visitors).

    As for our current 3 bedder, we do not rent out any empty rooms because we don't think we can live with "strangers" under the same roof (that's why also no maid so I... I mean "we" have to clean and maintain everything by ourselves [smallcry] ), but we would be renting it out as a whole to supplement our retirement income if we can get another place to stay in.�


  • 20 April 2015 - 10:17 PM
    lausai88

    [bigcry][bigcry][bigcry]

    Rise in number of auction properties

    The number of properties put up for auction increased 35.7 percent quarter-on-quarter in Q1 2015 to 175 units, of which residential properties accounted for 70.3 percent, revealed a Knight Frank report.

    The number of residential units put up for auction jumped 43 percent quarter-on-quarter to 123 units in the first quarter, crossing the 100-unit mark for the first time since Q4 2010 when 101 residential properties were placed under the hammer.

    Persistently weak sentiment stemming from the property cooling measures on the residential sector, coupled with the Total Debt Servicing Ratio (TDSR) and the softening of the leasing market contributed to the residential sector forming the bulk of total auction listings in Q1 2015, said Sharon Lee, director & head of auctions at Knight Frank Singapore.

    The report stated that the number of properties successfully auctioned soared 57.1 percent quarter-on-quarter to 11 properties in Q1. The residential sector led the other sectors, selling nine of the 54 mortgagee sale properties available for auction.

    Meanwhile, the total auction sales value surged 161.2 percent from last year to $35.8 million in Q1 2015. Residential sales dominated the market with a total value of $20.4 million.

    All residential properties sold at auctions in the three-month period were under mortgagee listings.

    Looking ahead, Knight Frank expects more residential units to be placed on the auction block given that demand in the secondary market has been relatively weak in the past few quarters, which could result in more mortgage defaults.

    As such, buyers are expected to take advantage of the lacklustre sentiment and actively participate in auctions, while sourcing for potential value-buys at these auctions. In fact, they will be spoilt for choice with the potential rise in properties offered for auction.

    Among those listed on Knight Franks upcoming auction on 28 April are two-storey semi-detached homes at 28 One Tree Hill Road and 27 Jalan Arnap in district 10; and a three-plus-one bedroom apartment at #13-02 Leonie Gardens in District 9.


  • 20 April 2015 - 10:40 PM
    Throttle2

    [bigcry][bigcry][bigcry]

    Rise in number of auction properties

    The number of properties put up for auction increased 35.7 percent quarter-on-quarter in Q1 2015 to 175 units, of which residential properties accounted for 70.3 percent, revealed a Knight Frank report.

    The number of residential units put up for auction jumped 43 percent quarter-on-quarter to 123 units in the first quarter, crossing the 100-unit mark for the first time since Q4 2010 when 101 residential properties were placed under the hammer.

    Persistently weak sentiment stemming from the property cooling measures on the residential sector, coupled with the Total Debt Servicing Ratio (TDSR) and the softening of the leasing market contributed to the residential sector forming the bulk of total auction listings in Q1 2015, said Sharon Lee, director & head of auctions at Knight Frank Singapore.

    The report stated that the number of properties successfully auctioned soared 57.1 percent quarter-on-quarter to 11 properties in Q1. The residential sector led the other sectors, selling nine of the 54 mortgagee sale properties available for auction.
    Meanwhile, the total auction sales value surged 161.2 percent from last year to $35.8 million in Q1 2015. Residential sales dominated the market with a total value of $20.4 million.

    All residential properties sold at auctions in the three-month period were under mortgagee listings.
    Looking ahead, Knight Frank expects more residential units to be placed on the auction block given that demand in the secondary market has been relatively weak in the past few quarters, which could result in more mortgage defaults.

    As such, buyers are expected to take advantage of the lacklustre sentiment and actively participate in auctions, while sourcing for potential value-buys at these auctions. In fact, they will be spoilt for choice with the potential rise in properties offered for auction.

    Among those listed on Knight Franks upcoming auction on 28 April are two-storey semi-detached homes at 28 One Tree Hill Road and 27 Jalan Arnap in district 10; and a three-plus-one bedroom apartment at #13-02 Leonie Gardens in District 9.


    Why cry?

    This is good news
    Huat ah!

    Muayhahahahahaa
  • 21 April 2015 - 04:52 AM
    Mercs
    Five homes auctioned off at massive losses in Q1-
    http://sbr.com.sg/re...ve-losses-in-q1

    Crafty buyers on the lookout for cheap homes at property auctions-
    http://sbr.com.sg/re...operty-auctions

    Property sales set to jump further in April after soaring in March-
    http://sbr.com.sg/re...oaring-in-march

    Developers shun residential sites despite reduced DC rates-
    http://sbr.com.sg/re...educed-dc-rates
  • 21 April 2015 - 09:19 AM
    efssc

    Yep OP is you!� :D�Typing on iphone lazy to find your nick

    To be frank its quite likely any new apartment build you find now will unlikely appreciate in price but likely to go down instead, a lot of these new and hot areas are really untested and built on hype one way or the other. No one can really tell how things will pan out but the future doesn't look too rosy with rising interest and oversupply of property.

    Are you looking at this new place to stay for good? Is appreciation of the property very important as part of that factor? (considering you may not ever sell), also depends if you are taking a loan.

    To be frank if its for retirement you probably want to list down all the amenities and facilities important to you during your free time, location etc. Personally I like the older condo's as well because they have the "space" for the resort feel unlike today's cramped condo's, huge pools greenery etc.

    Thanks again for another insightful reply.� [thumbsup]

    Yes, if I buy now it will most likely be for long term (decades) hold so short term (years) fluctuations do not affect me as much. Even if I do sell anything it will probably be the current place, which is already very much in the green after so many years. Loan-wise I will need to see which approach better serves my purpose in the long run, but even if I do take up a loan, I will try to keep it small to minimize any potential uncertainties.

    And more and more your last point is beginning to resonate with me; what do I really need to have near me after I retire? Initially the notion of having everything within stone throw sounds really tempting but as what so many other bros here have said, is it really what a retired couple want in their long quiet peaceful run? So now I am slowing widening my search to include condos that are within a block's radius from the mall and MRT as well, yet still able to maintain its tranquility. Luckily time is still on my side, especially if the market is really going to fall further.� [thumbsup]


  • 21 April 2015 - 09:42 AM
    Wyfitms

    [bigcry][bigcry][bigcry]

    Rise in number of auction properties

    The number of properties put up for auction increased 35.7 percent quarter-on-quarter in Q1 2015 to 175 units, of which residential properties accounted for 70.3 percent, revealed a Knight Frank report.

    The number of residential units put up for auction jumped 43 percent quarter-on-quarter to 123 units in the first quarter, crossing the 100-unit mark for the first time since Q4 2010 when 101 residential properties were placed under the hammer.

    Persistently weak sentiment stemming from the property cooling measures on the residential sector, coupled with the Total Debt Servicing Ratio (TDSR) and the softening of the leasing market contributed to the residential sector forming the bulk of total auction listings in Q1 2015, said Sharon Lee, director & head of auctions at Knight Frank Singapore.

    The report stated that the number of properties successfully auctioned soared 57.1 percent quarter-on-quarter to 11 properties in Q1. The residential sector led the other sectors, selling nine of the 54 mortgagee sale properties available for auction.

    Meanwhile, the total auction sales value surged 161.2 percent from last year to $35.8 million in Q1 2015. Residential sales dominated the market with a total value of $20.4 million.

    All residential properties sold at auctions in the three-month period were under mortgagee listings.

    Looking ahead, Knight Frank expects more residential units to be placed on the auction block given that demand in the secondary market has been relatively weak in the past few quarters, which could result in more mortgage defaults.

    As such, buyers are expected to take advantage of the lacklustre sentiment and actively participate in auctions, while sourcing for potential value-buys at these auctions. In fact, they will be spoilt for choice with the potential rise in properties offered for auction.

    Among those listed on Knight Franks upcoming auction on 28 April are two-storey semi-detached homes at 28 One Tree Hill Road and 27 Jalan Arnap in district 10; and a three-plus-one bedroom apartment at #13-02 Leonie Gardens in District 9.

    Truly lausai ah!� [laugh][laugh][laugh]


  • 21 April 2015 - 10:42 AM
    _h_r_

    Freehold mass market private property prices that cost less than $1.2M have not come down by much. From the peak in 2013 till now, prices for these properties dropped by less than 10%. I think prices dropped�by a bigger percentage�for the expensive units that�cost more than $2M.


  • 21 April 2015 - 01:51 PM
    Jajoba123

    agreed that private home for mass market btw $700k� to 1m still can tahan. tis group of ppl chunk of it stay in HDB and looking for investment mostly and still own a steady job. but the super rich already smell something but am not saying price will drop but gradually maybe but now price at stalemate. won't give in so fast. any effect IF any will be a plunge in stocks or recessions. But the recent GDP growth is saying nope, economic is good, everyone keeps their job so is either supply to shrink in future or ease the measures to encourage ppl to invest. my take is the measures will be eased.


  • 21 April 2015 - 02:11 PM
    Wyfitms

    Freehold mass market private property prices that cost less than $1.2M have not come down by much. From the peak in 2013 till now, prices for these properties dropped by less than 10%. I think prices dropped�by a bigger percentage�for the expensive units that�cost more than $2M.

    wow FH condo got less than $1.2m? studio ah?

    anyway drop 10% also considered as very clear downward trend

    shows that the mkt is sibei jialat

    so jialat that CM still have to continue, in order to sustain the jialat-ness of the mkt and make it fall by another 20%


    agreed that private home for mass market btw $700k� to 1m still can tahan. tis group of ppl chunk of it stay in HDB and looking for investment mostly and still own a steady job. but the super rich already smell something but am not saying price will drop but gradually maybe but now price at stalemate. won't give in so fast. any effect IF any will be a plunge in stocks or recessions. But the recent GDP growth is saying nope, economic is good, everyone keeps their job so is either supply to shrink in future or ease the measures to encourage ppl to invest. my take is the measures will be eased.

    stalemate?

    how can that be? in MCF, property price only move up or down. no such thing as stalemate

    if drop 0.1% also consider as down

    grow 0.1% also consider as up� [:)]


  • 21 April 2015 - 02:53 PM
    Bacteria83
    Bro u guys earn too much, Gov jealous. Cm not to cool property price is to cool the pace u guys earn money :D
  • 21 April 2015 - 03:00 PM
    efssc

    wow FH condo got less than $1.2m? studio ah?

    Have... hahaha... Seletaris in Sembawang; TOP 2001 and FH. I "bio-ed" for a while, average $800 psf makes a 1200 sqft 2 bedder just below a cool $Mil, and the cheapest asking for $850K (on propertyguru) at 1119sqft. Location less than ideal though; quite a drive to any major expressway or even the nearest MRT (Sembawang), plus it's right in front of a HUGE drain, but at least within (a slightly longer) walking distance to Sembawang Shopping Centre. [:)]��


  • 21 April 2015 - 03:01 PM
    Bismarck


    if can jump queue, there will be no units left to be sold to the public� [laugh]


    true. i also pity those who have to stay in orchard and have to endure long jams and flood of people all the time

    perhaps best location is LCK. no cars no ppl� [thumbsup]




    if ppl give me 10% of their capital gains after they make money from ppty investment,

    i will also give 10% back as pek kim if ppl jump

    but so far, i havent had any buyer who have to jump yet or call me to curse at him... heng ah�


    If I stay in orchard, I don't mind jams. But yishun? Not worth it.

    Think about it, when you complain to your friends which one sound better?

    "Wah lau, yesterday otw home to orchard jam like f!"

    Or

    "Wan lau, yesterday otw home to yishun jam like f!"

    [laugh] [laugh]
  • 21 April 2015 - 03:12 PM
    Wyfitms

    Bro u guys earn too much, Gov jealous. Cm not to cool property price is to cool the pace u guys earn money :D

    govt shld intro CM income tax for top earners at 50%

    this should go some way in reducing income inequality�

    and also indirectly cool the market down� :D


    If I stay in orchard, I don't mind jams. But yishun? Not worth it.

    Think about it, when you complain to your friends which one sound better?

    "Wah lau, yesterday otw home to orchard jam like f!"

    Or

    "Wan lau, yesterday otw home to yishun jam like f!"

    [laugh] [laugh]

    of course orchard more atas lah

    that is why u have to pay a premium, even if it is just an extra $700psf


  • 21 April 2015 - 03:27 PM
    Bacteria83


    govt shld intro CM income tax for top earners at 50%

    this should go some way in reducing income inequality�

    and also indirectly cool the market down� :D


    of course orchard more atas lah

    that is why u have to pay a premium, even if it is just an extra $700psf


    Mai sabo the rich lar. Since we no pension scheme, no need to tax the rich that much. But surely 50% will affect their purchasing power.
  • 21 April 2015 - 03:29 PM
    Galantspeedz

    wow FH condo got less than $1.2m? studio ah?

    http://www.propertyg...ngitude==

    search property guru for you.... min. 1,000 sqft..... quite big studio if you ask me


    Edited by Galantspeedz, 21 April 2015 - 03:30 PM.

  • 21 April 2015 - 08:20 PM
    lausai88

    Why cry?

    Pity those property kena repossessed - a lot of hard earn $$$ gone...


  • 21 April 2015 - 08:31 PM
    Jamesc

    If I stay in orchard, I don't mind jams. But yishun? Not worth it.

    Think about it, when you complain to your friends which one sound better?

    "Wah lau, yesterday otw home to orchard jam like f!"

    Or

    "Wan lau, yesterday otw home to yishun jam like f!"

    [laugh] [laugh]

    If I stay in Orchard I won't drive.

    :D


  • 21 April 2015 - 08:47 PM
    Throttle2


    Pity those property kena repossessed - a lot of hard earn $$$ gone...


    No lah, all borrowed one.
    Where got hard earned?

    Wahahahahaha
  • 21 April 2015 - 09:09 PM
    Mercury1

    No worries, now is the time to start viewing the condo's you are keen on. Lock down on the right development / unit stack you would purchase then when the markets comes down just focus and whack� [laugh]

    Share some of the mrt locations you're looking at, mcf bro very resourceful and nosy one, maybe can recommend you some?

    Thanks again for another insightful reply.� [thumbsup]

    Yes, if I buy now it will most likely be for long term (decades) hold so short term (years) fluctuations do not affect me as much. Even if I do sell anything it will probably be the current place, which is already very much in the green after so many years. Loan-wise I will need to see which approach better serves my purpose in the long run, but even if I do take up a loan, I will try to keep it small to minimize any potential uncertainties.

    And more and more your last point is beginning to resonate with me; what do I really need to have near me after I retire? Initially the notion of having everything within stone throw sounds really tempting but as what so many other bros here have said, is it really what a retired couple want in their long quiet peaceful run? So now I am slowing widening my search to include condos that are within a block's radius from the mall and MRT as well, yet still able to maintain its tranquility. Luckily time is still on my side, especially if the market is really going to fall further.� [thumbsup]


  • 21 April 2015 - 09:15 PM
    Mercury1

    I tweak your search abit not sure how many really want to stay at flora area heh

    http://www.propertyg...gitude=&submit=

    http://www.propertyg...ngitude==

    search property guru for you.... min. 1,000 sqft..... quite big studio if you ask me


  • 21 April 2015 - 10:46 PM
    Blackyv


    If I stay in Orchard I won't drive.

    :D


    For bluff, if you can afford to stay in orchard, I'm quite sure you will drive....Hehehe...
  • 21 April 2015 - 11:21 PM
    Eric4285

    Have... hahaha... Seletaris in Sembawang; TOP 2001 and FH. I "bio-ed" for a while, average $800 psf makes a 1200 sqft 2 bedder just below a cool $Mil, and the cheapest asking for $850K (on propertyguru) at 1119sqft. Location less than ideal though; quite a drive to any major expressway or even the nearest MRT (Sembawang), plus it's right in front of a HUGE drain, but at least within (a slightly longer) walking distance to Sembawang Shopping Centre. [:)]��

    There will be a New Expressway built right in front of Seletaris.� [sweatdrop]


  • 22 April 2015 - 07:34 AM
    efssc

    No worries, now is the time to start viewing the condo's you are keen on. Lock down on the right development / unit stack you would purchase then when the markets comes down just focus and whack� [laugh]

    Share some of the mrt locations you're looking at, mcf bro very resourceful one, maybe can recommend you some?

    Wow, thanks! Hmmm... hopefully somewhere towards the north ba, since that's where the majority of my extended family are, probably from Bishan (Sky Vue?) all the way to Yishun (North Park?). I might even consider Sembawang, though I don't really like Sun Plaza.

    I was also researching Centro Residences (I think one of the bros mentioned it earlier so I did some home work), right next to AMK Bus Interchange, and I realize there are already quite a few sellers despite the place only recently TOP-ed in 2015(I think). Wonder if that mean those original buyers have already gained so much profits that they are willing to let go despite the hefty Seller Stamp Duty, or is the situation so bad that people are letting go at a loss... hmmm...


  • 22 April 2015 - 07:51 AM
    efssc

    There will be a New Expressway built right in front of Seletaris.� [sweatdrop]

    Really? A drain AND an expressway?

    The drain brings a "water" element into the place, �and the Mandarin name for Seletaris is "Long Quan" (roughly translates into "Dragon Stream"), further enhancing its strong "water" symbolism... and now they're bringing an "earth" element expressway into the picture?

    "Earth" is supposed to be "bad" for "water", stops it right in its tracks... just hope the "water" and "earth" elements don't collide or cross, else we might really start to see some fengshui turbulent around the place... then that time will really� [sweatdrop] liao...�

    But then again, in every crisis there is an opportunity, if the elements can be balanced out accordingly (all fengshui situations can be balanced out), then ho-sey liao, double-bonus... "beautiful beautiful no run water".� [:p]


    Edited by efssc, 22 April 2015 - 07:52 AM.

  • 22 April 2015 - 07:55 AM
    Throttle2


    Wow, thanks! Hmmm... hopefully somewhere towards the north ba, since that's where the majority of my extended family are, probably from Bishan (Sky Vue?) all the way to Yishun (North Park?). I might even consider Sembawang, though I don't really like Sun Plaza.

    I was also researching Centro Residences (I think one of the bros mentioned it earlier so I did some home work), right next to AMK Bus Interchange, and I realize there are already quite a few sellers despite the place only recently TOP-ed in 2015(I think). Wonder if that mean those original buyers have already gained so much profits that they are willing to let go despite the hefty Seller Stamp Duty, or is the situation so bad that people are letting go at a loss... hmmm...


    Seems to me you dont know where or what you really want yet.
    Try to decide on some criterias then you can zoom in. Othwerwise, you will end up not buying.
    Luckily you hv time, it can only drop further.
  • 22 April 2015 - 08:18 AM
    Wt_know

    sibei misleading leh ... the unit is sold at $4.2M compare to last transacted price of $6.2M

    does that make the seller lost $2M?

    may be the owner bought below $4M and still making some profit to open VSOP in KTV leh

    i'm more interested to know the owner who bought at $6.2M ... hehe

    A unit at The Grange emerged as the biggest loss-making sale in the three-month period, selling for $4.2 million or down $2 million from its last transacted price of $6.2 million.

    Edited by Wt_know, 22 April 2015 - 08:19 AM.

  • 22 April 2015 - 08:20 AM
    Voodooman

    sibei misleading leh ... the unit is sold at $4.2M compare to last transacted price of $6.2M
    does that make the seller lost $2M?
    may be the owner bought below $4M and still making some profit ... to open vsop in KTV leh
    i'm more interested to know the owner who bought at $6.2M ... hehe


    It is the same unit lah.
  • 22 April 2015 - 08:21 AM
    Wt_know

    oops my bad ... $2M can open a lot of VSOP in KTV ... muahahaha

    It is the same unit lah.


    Edited by Wt_know, 22 April 2015 - 08:39 AM.

  • 22 April 2015 - 08:29 AM
    efssc

    Seems to me you dont know where or what you really want yet.
    Try to decide on some criterias then you can zoom in. Othwerwise, you will end up not buying.
    Luckily you hv time, it can only drop further.

    hahahaha... oops... caught me...

    Yes... currently I do not have a specific "target" yet..

    1) Talking about the apartment itself; other than size, a condo's a condo, not really sure what is good or which is bad... If I buy new, everything will be new and I assume they're all good, if I buy resale I would likely reno the place 100% so makes no diff either...�

    2) Regarding condo amenities, I have my own weights and exercise bike so I likely won't use the gym, and I don't use the pool since there always seems to be hordes of kids in there playing water.. others like bbq pits, clubhouse, tennis court etc. I also never use...

    3) Then comes location; I drive but I am lazy enough to not want to drive all the time, so if I can be near a place where I can walk (hopefully not too far) to and get everything I need (food, groceries, daily consumables etc.), that'll be ideal.

    4) Lastly there's the price tag. This will likely be my last big investment so I have to be really careful to balance it out with the rest of my finances.

    And yes, you are right (wow, you are sharp!), there is always the likelihood that I end up not buying anything especially if point no. 4 above doesn't gel. Currently the majority of my investments are in the stock market, over the past couple of years I have slowly converted my portfolio from "growth" to "dividend". This gives me a (sort of) stable monthly income stream at the sacrifice of growth potential... This is something I am familiar and comfortable with. Property, not so much.

    In order for me to go into this second property I need to cash out a substantial part of my portfolio, and that means giving up a good chunk of my principle and monthly dividends, and if the property investment turns out to be a bad move, I will lose out on both ends,�so really need to carefully weigh out all the pros and cons.� [smallcry]

    And yes, luckily I am in no hurry.� [:p]


  • 22 April 2015 - 10:52 AM
    Galantspeedz

    I tweak your search abit not sure how many really want to stay at flora area heh

    http://www.propertyg...gitude=&submit=

    if I rem correctly, jack neo used to stay around there [:p]


  • 22 April 2015 - 09:28 PM
    Mercury1

    I just did some general searches around Yishun and Bishan, unfortunately all those condo's are too pricey for digestion. Skyvue small units asking 1700 psf� [dizzy]�compared to this rafflesia condo which is about 1000 - 1100 psf. (allow for 5-10% discount after bargain).

    I would much rather consider Rafflesia then skyvuee on a price point basis (plus facilities looks decent).

    http://www.propertyg...lesia-condo-496

    Yishun all the condo's near the mrt are relatively new built asking for about 1300 plus psf, no new condo's for comparison but around the areas. Nearest is Euphony gardens at 800 psf.

    http://www.propertyg...isting/18969117

    Centro looks nice but again the price is another chopping factor at high 1500 psf, and yes your assumption is not wrong. I know individuals who bought from developer and now selling cause the current "ask" vs their purchase can still nett them a tiny profit, basically buying sub sale on such project ain't worth it, no developer discount + padded price to the seller.

    To be frank at these prices its a no go for any of them IMO, if prices go sub 700/800 on the older units I maybe will consider (and thats a big maybe), For best value you best look at slightly older units not so near the station.

    On top of deciding on the facilities and location set yourself a psf target price this way you won't overpay for a tiny unit. Its like buying stocks really entry & exit price per share, you won't agree to buy a tiny amount of shares for a high price per share right [cool]��

    Wow, thanks! Hmmm... hopefully somewhere towards the north ba, since that's where the majority of my extended family are, probably from Bishan (Sky Vue?) all the way to Yishun (North Park?). I might even consider Sembawang, though I don't really like Sun Plaza.

    I was also researching Centro Residences (I think one of the bros mentioned it earlier so I did some home work), right next to AMK Bus Interchange, and I realize there are already quite a few sellers despite the place only recently TOP-ed in 2015(I think). Wonder if that mean those original buyers have already gained so much profits that they are willing to let go despite the hefty Seller Stamp Duty, or is the situation so bad that people are letting go at a loss... hmmm...


    No wonder the prices there so low� [laugh]

    if I rem correctly, jack neo used to stay around there [:p]


    Edited by Mercury1, 22 April 2015 - 09:29 PM.

  • 22 April 2015 - 10:17 PM
    Ben5266

    If I stay in Orchard I won't drive.

    :D

    ... because you are driven....

    [laugh]


  • 22 April 2015 - 10:39 PM
    Ben5266

    hahahaha... oops... caught me...

    Yes... currently I do not have a specific "target" yet..

    1) Talking about the apartment itself; other than size, a condo's a condo, not really sure what is good or which is bad... If I buy new, everything will be new and I assume they're all good, if I buy resale I would likely reno the place 100% so makes no diff either...�

    2) Regarding condo amenities, I have my own weights and exercise bike so I likely won't use the gym, and I don't use the pool since there always seems to be hordes of kids in there playing water.. others like bbq pits, clubhouse, tennis court etc. I also never use...

    3) Then comes location; I drive but I am lazy enough to not want to drive all the time, so if I can be near a place where I can walk (hopefully not too far) to and get everything I need (food, groceries, daily consumables etc.), that'll be ideal.

    4) Lastly there's the price tag. This will likely be my last big investment so I have to be really careful to balance it out with the rest of my finances.

    And yes, you are right (wow, you are sharp!), there is always the likelihood that I end up not buying anything especially if point no. 4 above doesn't gel. Currently the majority of my investments are in the stock market, over the past couple of years I have slowly converted my portfolio from "growth" to "dividend". This gives me a (sort of) stable monthly income stream at the sacrifice of growth potential... This is something I am familiar and comfortable with. Property, not so much.

    In order for me to go into this second property I need to cash out a substantial part of my portfolio, and that means giving up a good chunk of my principle and monthly dividends, and if the property investment turns out to be a bad move, I will lose out on both ends,�so really need to carefully weigh out all the pros and cons.� [smallcry]

    And yes, luckily I am in no hurry.� [:p]

    STI at 3400... all time high. What is the up side?

    Q1 report is coming... Perhaps it is good time to let go before they release the Q1 result.

    But don't [knife]��me if STI cheong to 4000...

    [laugh]


  • 23 April 2015 - 08:34 AM
    efssc

    I just did some general searches around Yishun and Bishan, unfortunately all those condo's are too pricey for digestion. Skyvue small units asking 1700 psf� [dizzy]�compared to this rafflesia condo which is about 1000 - 1100 psf. (allow for 5-10% discount after bargain).

    I would much rather consider Rafflesia then skyvuee on a price point basis (plus facilities looks decent).

    http://www.propertyg...lesia-condo-496

    Yishun all the condo's near the mrt are relatively new built asking for about 1300 plus psf, no new condo's for comparison but around the areas. Nearest is Euphony gardens at 800 psf.

    http://www.propertyg...isting/18969117

    Centro looks nice but again the price is another chopping factor at high 1500 psf, and yes your assumption is not wrong. I know individuals who bought from developer and now selling cause the current "ask" vs their purchase can still nett them a tiny profit, basically buying sub sale on such project ain't worth it, no developer discount + padded price to the seller.

    To be frank at these prices its a no go for any of them IMO, if prices go sub 700/800 on the older units I maybe will consider (and thats a big maybe), For best value you best look at slightly older units not so near the station.

    On top of deciding on the facilities and location set yourself a psf target price this way you won't overpay for a tiny unit. Its like buying stocks really entry & exit price per share, you won't agree to buy a tiny amount of shares for a high price per share right [cool]��

    Wow, thank you. That's a lot of work and effort. Deeply appreciated! [thumbsup]


  • 23 April 2015 - 08:49 AM
    efssc

    STI at 3400... all time high. What is the up side?

    Q1 report is coming... Perhaps it is good time to let go before they release the Q1 result.

    But don't [knife]��me if STI cheong to 4000...

    [laugh]

    Hahaha.. you got me there, actually I don't know nuts about the STI, only time I called it correctly was back in the period around 08/09 right after the crisis when STI was around 1500~1600. A young chap was asking advise on how to save up for his HDB, I told him to go buy STI with his CPF money and sell it at 3000 in a couple years' time. He didn't believe me, and till today he still speaks about how regretful he was.� [laugh]

    Instead I trade the US Market, in fact my (probably) last big "bet" is coming up next Monday when Apple announces quarterly results (and hopefully new plans for dividends and share buy-backs [laugh]) after market closes (around Tuesday 5am Singapore time). I am hoping for an earnings pop with the Iphone 6 (aided by China sales numbers) and a solid guidance (with the new Apple Watch etc.) and after that, 140 here we come!

    Fingers crossed! Yeah!!!� [laugh]

    Edit to add: By the way, this is not a recommendation to buy Apple or any other stocks, this is what I think and what I am "betting" on. If it tanks, don't come find me har.� [:p]��


    Edited by efssc, 23 April 2015 - 08:55 AM.

  • 23 April 2015 - 08:58 AM
    Enye

    whats the rationale behind having an investment property for retirement cf a portfolio of bonds and dividend stocks?

    many cons assoc with property leh

    rent is taxable

    high property tax

    risk of no tenant/or low rental

    risk of tenant destroying your property

    leverage

    etc


  • 23 April 2015 - 09:14 AM
    Voodooman

    whats the rationale behind having an investment property for retirement cf a portfolio of bonds and dividend stocks?

    many cons assoc with property leh

    rent is taxable

    high property tax

    risk of no tenant/or low rental

    risk of tenant destroying your property

    leverage

    etc


    For me, it is mainly for diversification but at right entry point. Hard to put everything in equities. Bond yield (HTM) don't quite make sense to me now. Maybe when 10 years US treasury is at above 6-7%, it might not get there in a long long time.
  • 23 April 2015 - 09:48 AM
    Ben5266


    Hahaha.. you got me there, actually I don't know nuts about the STI, only time I called it correctly was back in the period around 08/09 right after the crisis when STI was around 1500~1600. A young chap was asking advise on how to save up for his HDB, I told him to go buy STI with his CPF money and sell it at 3000 in a couple years' time. He didn't believe me, and till today he still speaks about how regretful he was.� [laugh]

    Instead I trade the US Market, in fact my (probably) last big "bet" is coming up next Monday when Apple announces quarterly results (and hopefully new plans for dividends and share buy-backs [laugh]) after market closes (around Tuesday 5am Singapore time). I am hoping for an earnings pop with the Iphone 6 (aided by China sales numbers) and a solid guidance (with the new Apple Watch etc.) and after that, 140 here we come!

    Fingers crossed! Yeah!!!� [laugh]
    Lol... You are a big fish.

    Edit to add: By the way, this is not a recommendation to buy Apple or any other stocks, this is what I think and what I am "betting" on. If it tanks, don't come find me har.� [:p]��

    Apple is heading to 1 trillion market cap. Hold. : D

    Edited by Ben5266, 23 April 2015 - 09:54 AM.

  • 23 April 2015 - 10:04 AM
    efssc

    For me, it is mainly for diversification but at right entry point. Hard to put everything in equities. Bond yield (HTM) don't quite make sense to me now. Maybe when 10 years US treasury is at above 6-7%, it might not get there in a long long time.

    Yup, diversification is the word.

    Also, the US Markets (and apparently local as well?) are at ATH while local property markets are down, seems logical to (can I say) balance out by "selling the high and buying the low", at least until the next cycle?

    And for me (maybe it's age), I find better sense of security these days when I have my money "closer" to me...� [:)]��


  • 23 April 2015 - 10:14 AM
    efssc

    Apple is heading to 1 trillion market cap. Hold. : D

    1 trillion? hahaha... that'll really be an Apple investor's wet dream... but it'll take a substantial influx of cash (US$250�Bil) to bring it there, and looking at the recent average daily trading volume vs overall market float, I doubt there are many (if any) buyers left out there with that kind of cash, so the best bet is still on Apple's own share buy-back programs; another US$50 Bil or so this year would be just nice enough to push the stock price up to my US$140 target.� [:p]

    What's a "big fish"? Ready to be fried?� [:p]


    Edited by efssc, 23 April 2015 - 10:16 AM.

  • 25 April 2015 - 09:45 AM
    Throttle2
    Down so little , wahahahahah
    So got much much more room to drop

    Yippeee

    Attached Thumbnails

    • image.jpg
    • image.jpg

  • 25 April 2015 - 09:59 AM
    Wt_know

    it was reported down 6 quarters straight ... so down 1.5 years nia

    another 1 year to go till 2016? [sly] ... muahahahaha

    still got 27,061 units to choose ... huat ah!

    By the end of the quarter, there was a total supply of 68,201 uncompleted private residential units (excluding ECs) in the pipeline, slightly lower than the 68,960 units in Q4. Of this number, 27,061 units remained unsold at the end of Q1.

    Attached Thumbnails

    • 2015-04-25_100043.png

    Edited by Wt_know, 25 April 2015 - 10:01 AM.

  • 25 April 2015 - 12:43 PM
    Throttle2

    it was reported down 6 quarters straight ... so down 1.5 years nia
    another 1 year to go till 2016? [sly] ... muahahahaha
    still got 27,061 units to choose ... huat ah!


    And still got another 35,000 to be added to the 27,000 , huat ah,

    Muayhahahaha

    Dont scare dont scared, buy buy buy....

    Muayhahahahahahahaha
  • 25 April 2015 - 02:18 PM
    Latio2005A


    My 2bedder PC also no tub.. initially my gf didn't like, wanted me to build a tub for her in the MBR toilet next time as it's quite okay sized. I told her she won't use it very often one. Although it's not for bathing but the condo project has 7-8 pools spread across the entire estate leh.. can go there soak� ^_^

    I travel overseas once a month, if I need my hot tub baths, I'll have it there.. but need to sanitize first lol� :D


    Tell her my experience.

    I tore down the bath tub after a couple of years. Useless and potentially dangerous climbing in and out for shower.
    My neigbour felled before. Another old folk tripped and died. True story.
  • 25 April 2015 - 02:21 PM
    Chowyunfatt
    image.jpg
  • 25 April 2015 - 02:33 PM
    Blackyv

    attachicon.gifimage.jpg


    I like that watch... Is that a limited edition iwatch?. .lol...
  • 25 April 2015 - 02:47 PM
    Bacteria83
    Stolen goods from his daughter :D
  • 25 April 2015 - 02:58 PM
    Throttle2

    attachicon.gifimage.jpg



    Record low sales and pick up from there at still low low sales.

    Well done "pick up" muayhahahahahahaha

    I like that watch... Is that a limited edition iwatch?. .lol...


    Wah lao,you mean you cant tell that it is a $62k watch with diamond laced rotor and platinum bridge balance.

    Made exclusively in Chengdu Precision Equipment.

    I am also very fortunate to have two.
  • 25 April 2015 - 07:11 PM
    Throttle2
    Er.....,,

    Attached Thumbnails

    • image.jpg

  • 25 April 2015 - 07:30 PM
    Eric4285

    De Ja Vu with Style.

    [thumbsup]


  • 25 April 2015 - 08:49 PM
    Chowyunfatt
    Black Edition ...
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