The data actually shows the inventories starting to reduce. All negative for the last quarter.
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And the large ticket durable goods actually can last 99 years. Taking 10 years to sell is fine. Actually most developers will be happy to hold on to them as long as possible if not for the CMs.
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If you are a developer with balance cash, having inventories more important or clear stock everything sell with write off better.
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It's hard to give me hard feelings, so please continue to ignore me.
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Yes, as i said such data is dynamic.
And sure it is nobody's fault. There is no need to even mention that.
The numbers are alarming both as an absolute and as a percentage.
Can you imagine if you are a seller of large ticket durable goods and you have 20-25% inventory unsold at every roll? You will be "begging" the givt to cool the cooling measures and you will have to get ready to write off some earned profits.
And thats whats happening today.
Ok dude. Thanks for your replies and time.
I am going to put you on ignore mode now.
No hard feelings, really.
Cheers
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The data actually shows the inventories starting to reduce. All negative for the last quarter.
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And the large ticket durable goods actually can last 99 years. Taking 10 years to sell is fine. Actually most developers will be happy to hold on to them as long as possible if not for the CMs.
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If you are a developer with balance cash, having inventories more important or clear stock everything sell with write off better.
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It's hard to give me hard feelings, so please continue to ignore me.
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in MCF no such thing as hard feelings lah, after a while T2 will come back talk to u
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i think FEO holds its inventories for a long time?
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anyway, nothing alarming about inventories. Question is what is the absorption rate? U have any figures on that? Then you can roughly estimate how many years it take to clear
Who say don't have. Ask Tianmo, a lot of hard feellingin MCF no such thing as hard feelings lah, after a while T2 will come back talk to u
i think FEO holds its inventories for a long time?
anyway, nothing alarming about inventories. Question is what is the absorption rate? U have any figures on that? Then you can roughly estimate how many years it take to clear
Who say don't have. Ask Tianmo, a lot of hard feelling
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i don't doubt it... he is feeling hard 24/7�
See... Though u got hard feeling.i don't doubt it... he is feeling hard 24/7
Recently had been running some volunteer work delivering food packs to the needy living in rental flats.
�
Some of them are living in quite atrocious environment that smell, are severely cramped, smelly and non-conducive environment. In one case, the mother was scantily dressed with another male (the father?)�in the presence of many kids in the living room. Very worried what those food packs can do for them in the long run...
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But at least they still have a shelter over their heads and the children do not appear to be starved.
�
Those who can give time or pay more tax, please give generously. OK, maybe not ABSD tax unless really need to.
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Yes bro, my view is that the defintion of "private", means market demand to dictate price directions.
Prices are artifically suppressed with CM, but in a way a good thing, prevent bubble, less ppl get burnt.
Here being of one of the most expensive place to live in, cost of living goes up, most things becomes really unaffordable, playground for the rich.
But we have new BTO aka government flats pegged to market, 300k to 700k? resale going for 1mil, only in SG.
With prices moving up, we should never forget those less fortunate, provide them a helping hand, measures to keep cost low, a roof over one's head is a basic need, keep hdb prices affordable for the masses.
Can't really stop the rich from buying up everything, but for foreigners, I'm pro SG, increase tax but only for foreigners!!!
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Edited by Showster, 26 April 2016 - 12:25 AM.
My check with the ground, mainly investment property buyers, gave me a different reading. Of course there are first time buyers or upgraders but I doubt they can support/ push up the market. Judging from the EC market, this pool of buyers has more or less been exhausted and the 20% drop in resale HDB prices is also hurting affordability. So overall still down with the rising supply unless the investors get back into the game in droves.Thanks Bro for the ground report
Nothing can beat the ground feel and from observations those working on the ground
They provide the best indicators
Some of us are keyboard warriors, rarely go to the ground battle
Have not been to the ground this year and your "nothing will change much for the rest of the year" is also my gut feel
The Tiong Bahru condo re launching yet again soon, that might excite the market bec last time at their first launch there are a very long queue!
We do not have a good picture of the actual supply.
Is the reserve list considered as supply? Are the supply held by developers considered as supply?
Recent take up rates are around 7K per year. Maximum take up rate pre TDSR was about 16K if I did not remember wrongly. Or maybe 12k.
Based on the supply launched, we are at equilibrium.
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i think during peak absorption went up to 18-20k levels. But that's a lot of speculation buying.
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reserve list can be considered as potential supply, you do not know when they will be launched.
Similarly, those in URA pipeline are also estimates, developers have often delayed launch to try to balance out demand and supply
There is no warrior in WWF bro.............only........... The Ultimate Warrior...............and I chop first.............
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haha for u better to be brock lesnar lah
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with a giant dick on his chest�
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Reading through the recent postings, it seems that the bros here are looking for this information, which I�have gathered from the URA website, and I re-produced it below:
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As a comparison, I have added the statistics from the previous quarter (2015 4th Qtr).��� As you can see, the total pipeline supply for private property (excluding EC) is 53,512 units (under construction, not TOP yet), of which 22,370 units are still unsold (for various reasons: launched but not sold yet,�not launched yet or�still at planning stage, etc).��
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Some bros will note that the supply�tapers off�drastically from�2018.��Do not be misled, as these figures will be revised upwards quarterly�as the government progressively releases�land sites for sales in the future.� �See the example below:
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Previous year-end forecast of pipeline supply.jpg
In end-2012, the forecast for 2018 was 476 units, which was revised to the present 10,402 in�end-2015.���
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The number of unsold but completed units stand at 1,365.
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Now that number might not seems a lot, but wait, how about those completed units that are not occupied (I hear you ask)?�
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As reported by URA on 22 Apr 2016, the vacancy rate (1st Qtr 2016) now stands at 7.5% vs 8.1% (at end-2015), translating to 24,919 units vacant vs 26,517 units.�
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Now I will like to point an�interesting fact.��A few months ago, the headlines shouted:� Vacancy rate hit�a 10-year high of 8.1%.� ���
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http://www.straitsti...-of-81-ura-data
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This latest dip in vacancy rate seems to be under-reported recently.��
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So what is my sensing of the overall property market at this stage?� For sure, it is weakening, slowly but steadily, based on the level of the property price index.�
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However, there is some picked-up interest in the luxury�developments in the CCR, which makes for a good argument whether this is a precursor to�an eventual recovery of the overall property market.��(Like the stock market, the�heavyweight stocks like banks are the first in line to recover, followed by the 2nd-liner stocks).�� Will this be the same case for the local property market?� One thing's for sure.� I am still looking at the 5-year ABSD deadlines in 2017�(sorry, I am so fixated on this!).���How will the developers manoeuvre their way out of this?�
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So what can the bros here do?��Get your war-chest ready ($$$).� When the property market dips sharply, go in�before the sharp recovery occurs (like in 1998-1999 and 2008-2009).� �History repeats itself.
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thanks bro u are right, history tends to repeat, just a question of when. as i said in this morn's post, pipeline is URA's estimate, developers tend to launch at later years if they feel demand is not strong.
Thanks Bro for the ground report
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Nothing can beat the ground feel and from observations�those working on the ground�
�
They�provide the best indicators
�
Some�of us are keyboard warriors, rarely go to the ground battle
�
Have not been to the ground this year and your "nothing will change much for the rest of the year" is also my gut feel
�
The Tiong Bahru condo re launching yet again soon, that might excite the market bec last time at their first launch there are a very long queue!��
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haha, it is different when you see for yourself who the buyers are and find out why they are buying.
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most of the time, we only speak to friends/ relatives and they are in similar social circle as us. Hence the perspective may not be representative. �
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my opinion changed when i interacted a lot more with agents and buyers back in 2013/14.�
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Anyway, on the ground feel is just anecdotal and you need to combine it with a more macro perspective to have a holistic view.
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Yes, Tiong Bahru will be pricey, but i am sure many will commit.
I think need to check again in a few months time and maybe by�the end of the year to be really sure.
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HDB recently (1st Apr) changed the rules against decoupling of properties for the purpose of avoidance of ABSD. That could have been the intention of many upgraders originally, to rent out HDB while they buy an investment property (for stay). Whilst their CPF and savings were growing, incomes have doubled or tripled, retention of HDB and purchasing of investment property really required a huge sum. While that is the most ideal scenario for the HDB upgraders themselves, it is as forummers have pointed out here, not the fairest situation for everyone, especially those who do not have a HDB yet.
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The move will definitely have an impact on the upgraders who have not decoupled yet, and the numbers will only grow over the year. Many of them may need to move and have planned for years, for proximity to great schools, parents, work place etc.
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They will have the option of a new BTO as a second timer, which needs lots of luck and time, to get something that fits their objectives to begin with. The other option is to pay the ABSD and buy a private property, which is very, very heavy tax to pay I feel and may set them back a few years in savings.�Another option is resale HDB which is the most affordable and viable option.
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Some will seriously consider selling their HDBs to upgrade, and prevention of decoupling will only move more into this pool. If a couple is willing to sell a HDB (minimum resales also 400K, maximum 800K-1Mil), and are willing to use 1 or 2�name(s) to loan�1-2Mil, can you imagine how huge this buying demand can be?
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At this juncture, it is only imaginary. Let's wait and see if it manifests.
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My check with the ground, mainly investment property buyers, gave me a different reading. Of course there are first time buyers or upgraders but I doubt they can support/ push up the market. Judging from the EC market, this pool of buyers has more or less been exhausted and the 20% drop in resale HDB prices is also hurting affordability. So overall still down with the rising supply unless the investors get back into the game in droves.
�
http://www.theedgepr...old-vip-preview
40% of Sturdee Residences sold at VIP preview
April 25, 2016
"SL Capital (1) Pte Ltd, a subsidiary of Sustained Land Pte Ltd, announced on April 24 that 40% or 122 units of its 305-unit Sturdee Residences were sold at an average price of $1,550 psf during a VIP preview event held on April 23.
Sturdee Residences will be officially launched on April 30"
Bro, you no go Sturdee?
Even before official launch, one day preview already 40% sold wor.
Some more sell so cheap cheap only $1,550psf nia, sure many buyers lah!
But wait hor this news will be "prata" to- only 40% sold, the unsold 60% will be stuck till TOP!
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haha bro, i am ashamed to admit this year i have been quite lazy... seldom go to showflats...
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seriously speaking, one should acknowledge that 40% sold in one day is spectacular even during normal times.
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Some people do not realize that a developer is sitting pretty comfy if they can just sell around 30-40% per year. Sufficient to fund development cost already. So when they see after one year just sold 50% they get very excited thinking that the developer will start to firesale his units.�
Recently had been running some volunteer work delivering food packs to the needy living in rental flats.
�
Some of them are living in quite atrocious environment that smell, are severely cramped, smelly and non-conducive environment. In one case, the mother was scantily dressed with another male (the father?)�in the presence of many kids in the living room. Very worried what those food packs can do for them in the long run...
�
But at least they still have a shelter over their heads and the children do not appear to be starved.
�
Those who can give time or pay more tax, please give generously. OK, maybe not ABSD tax unless really need to.
i remember seeing used syringes in the stairwells � :(
Arrested China exec said to be buyer of Sentosa villa
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Zhang Min, the Chinese businesswoman involved in the Ezubao ponzi scandal, is believed to have been the buyer of a SGD23.8 million bungalow along Lakeshore View in Sentosa Cove, the purchase of which has not been completed.
�
Market watchers reckon that Zhang would have paid a 5 per cent deposit of the purchase price, that is, SGD1.19 million - which would have been forfeited when she did not complete the transaction. The bungalow in question, which fronts the Serapong Golf Course and overlooks the sea, is now back on the market. It is owned by three siblings from a Hong Kong family, two of whom are British citizens and the third, a Singapore citizen.
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The SGD23.8 million price it was to have been sold for, translates to SGD2,775 per square foot (psf) on the land area of 8,576 sq ft. The property is on a site with a balance lease term of 89 years at the time that the deal was entered into last October.
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Just six houses from the bungalow in question at Sentosa Cove, another property was bought in 2013 for SGD26 million or SGD2,922 psf by Zhu Xingliang, whom The Edge has identified as the founder of Shenzhen-listed interior design and construction firm Suzhou Gold Mantis Construction Decoration Co. Ltd. In January 2014, he was reported to have been arrested. He was implicated in the investigation of Nanjing mayor Ji Jianye, who was removed from office in a graft probe in October 2013.
�
News of the more recent, SGD23.8 million or SGD2,775 psf transaction along Lakeshore View in Q4 last year, had boosted sentiment, given its relatively high psf price despite the general lack of transactions in the waterfront housing district.
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Link to story:
http://www.businesstimes.com.sg/real-estate/arrested-china-exec-said-to-be-buyer-of-sentosa-villa
�
Arrested China exec said to be buyer of Sentosa villa
�
Zhang Min, the Chinese businesswoman involved in the Ezubao ponzi scandal, is believed to have been the buyer of a SGD23.8 million bungalow along Lakeshore View in Sentosa Cove, the purchase of which has not been completed.
�
Market watchers reckon that Zhang would have paid a 5 per cent deposit of the purchase price, that is, SGD1.19 million - which would have been forfeited when she did not complete the transaction. The bungalow in question, which fronts the Serapong Golf Course and overlooks the sea, is now back on the market. It is owned by three siblings from a Hong Kong family, two of whom are British citizens and the third, a Singapore citizen.
�
The SGD23.8 million price it was to have been sold for, translates to SGD2,775 per square foot (psf) on the land area of 8,576 sq ft. The property is on a site with a balance lease term of 89 years at the time that the deal was entered into last October.
�
Just six houses from the bungalow in question at Sentosa Cove, another property was bought in 2013 for SGD26 million or SGD2,922 psf by Zhu Xingliang, whom The Edge has identified as the founder of Shenzhen-listed interior design and construction firm Suzhou Gold Mantis Construction Decoration Co. Ltd. In January 2014, he was reported to have been arrested. He was implicated in the investigation of Nanjing mayor Ji Jianye, who was removed from office in a graft probe in October 2013.
�
News of the more recent, SGD23.8 million or SGD2,775 psf transaction along Lakeshore View in Q4 last year, had boosted sentiment, given its relatively high psf price despite the general lack of transactions in the waterfront housing district.
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Link to story:
http://www.businesstimes.com.sg/real-estate/arrested-china-exec-said-to-be-buyer-of-sentosa-villa
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everyone aware that our properties are for these foreigners to wash wash wash
everyone aware that our properties are for these foreigners to wash wash wash
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eh ello...not EVERYBODY hor...knn... 
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eh ello...not EVERYBODY hor...knn...
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.u have the BIGGEST washing machine lor!!!
.u have the BIGGEST washing machine lor!!!
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lol...you wait....my fen look for you den u know....
![[bounce2]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sbQihXVMPWuliwB_UoOAFqlbS_Wf_Q4IuRZ4yrIvrir046myaE9iKWPDlHC3sLf5-8DKmjfYcxz9xWHvHMAA3_Wq6yto69jWrzOVAQnxgQYGIDTSMfDrGpUG1r3GKi31iYgpjFU04=s0-d)
.u have the BIGGEST washing machine lor!!!
�
hmmmm hmmmm im getting curious �
Don't get too curious.hmmmm hmmmm im getting curious
RadX will send his friend to look for u too. Hahaha
Don't get too curious.
RadX will send his friend to look for u too. Hahaha
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hahhaha � 
Recommended by
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Buyer of Sentosa villa said to be arrested China exec Zhang Min from Ezubao ponzi scandal
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Zhang Min was president of Ezubao, a ponzi scheme that cheated 900,000 investors of 50b yuan. PHOTO: FILE
S$23.8m deal believed to have been aborted; caveat on property withdrawn in February
SINGAPORE (THE BUSINESS TIMES) - Zhang Min, the Chinese businesswoman involved in the Ezubao ponzi scandal, is believed to have been the buyer of a S$23.8 million bungalow along Lakeshore View in Sentosa Cove, the purchase of which has not been completed.
Sources as well as documents viewed by The Business Times suggest that the deal, which had been entered into last October, did not go through.
Zhang is understood to have been uncontactable when the completion date for the property's purchase fell due earlier this year. Shortly thereafter news broke that a person bearing the same name had been arrested in the Ezubao scandal in China.
Zhang had been granted an option for the bungalow's purchase in October last year; she exercised the option later in the same month and lodged a caveat on the property in November.
In early February this year, she withdrew the caveat. This was shortly after news broke of her arrest in China.
Market watchers reckon that Zhang would have paid a 5 per cent deposit of the purchase price, that is, S$1.19 million - which would have been forfeited when she did not complete the transaction.
The bungalow in question, which fronts the Serapong Golf Course and overlooks the sea, is now back on the market. It is owned by three siblings from a Hong Kong family, two of whom are British citizens and the third, a Singapore citizen.
The S$23.8 million price it was to have been sold for, translates to S$2,775 per square foot (psf) on the land area of 8,576 sq ft. The property is on a site with a balance lease term of 89 years at the time that the deal was entered into last October.
Ezubao was one of China's biggest Internet peer-to-peer (P2P) lenders. Launched in July 2004, the platform had collected over 50 billion yuan (S$10.8 billion) from an estimated 900,000 investors.
In late January this year, the official news agency Xinhua reported executives at Ezubao's parent company, Yucheng Group, as saying that it was a "complete Ponzi scheme" that used monies raised from investors to support a lavish lifestyle. Among the gifts that Yucheng chairman Ding Ning gave to Zhang, who was its president, were a S$20 million Singapore villa, a US$1.8 million (S$2.5 million) pink diamond ring, luxury limousines and watches and more than US$83 million in cash, Xinhua had reported.
The company is reported to have fabricated most of the projects on its website and paid old debts with money from new investors.
When Ezubao's fraud was uncovered late last year, executives buried 80 bags of documents in a six-metre hole on the outskirts of Hefei in Anhui province, where the company originated from.
Back to Lakeshore View on Sentosa Cove, interestingly, just six houses from the bungalow in question, another property was bought in 2013 for S$26 million or S$2,922 psf by Zhu Xingliang, whom The Edge has identified as the founder of Shenzhen-listed interior design and construction firm Suzhou Gold Mantis Construction Decoration Co. Ltd. In January 2014, he was reported to have been arrested. He was implicated in the investigation of Nanjing mayor Ji Jianye, who was removed from office in a graft probe in October 2013.
News of the more recent, S$23.8 million or S$2,775 psf transaction along Lakeshore View in Q4 last year, had boosted sentiment, given its relatively high psf price despite the general lack of transactions in the waterfront housing district.
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so got fire sale now???� 70% discount?
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Edited by Staff69, 26 April 2016 - 07:02 PM.
Yes bro, indeed there are families struggling to cope, simple things we take for granted, PUB bills, 3 meals a day, etc.Recently had been running some volunteer work delivering food packs to the needy living in rental flats.
Some of them are living in quite atrocious environment that smell, are severely cramped, smelly and non-conducive environment. In one case, the mother was scantily dressed with another male (the father?) in the presence of many kids in the living room. Very worried what those food packs can do for them in the long run...
But at least they still have a shelter over their heads and the children do not appear to be starved.
Those who can give time or pay more tax, please give generously. OK, maybe not ABSD tax unless really need to.
Adults still can skip some meals at times, but I feel for the young kids.
We just do what we can to assist, whenever possible.
Good man, keep up the good work!
![[thumbsup]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sm0kfnG2zJWpU7eHPCtUkIqafN6HcvEbv3BGRpbrz6C_H-IiRgwxK4Ju8EieU1FeD6TsBp9_fDtgE40OEJGF2jTQN-AuIUYo1ZJANRa8xzI35qDF2qpimi-Zs6LhdWS7oKBhZP7QYM=s0-d)
RESPECT ![[:)]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tndW_oMVxQpoHDKk-klfsI9VKP0iwaOnL7NHJU-2zxV-5A1ywI3sNpcYgsZrFOQ158SynwTC8hIW3c9Rc55j9cDaEbfiHbuLD6DeKod90chb9OG4Qu4wExm3I7-aUBRYb2eR9v8g=s0-d)
Recently had been running some volunteer work delivering food packs to the needy living in rental flats.
�
Some of them are living in quite atrocious environment that smell, are severely cramped, smelly and non-conducive environment. In one case, the mother was scantily dressed with another male (the father?)�in the presence of many kids in the living room. Very worried what those food packs can do for them in the long run...
�
But at least they still have a shelter over their heads and the children do not appear to be starved.
�
Those who can give time or pay more tax, please give generously. OK, maybe not ABSD tax unless really need to.
�
�
commendable effort and yes, we should do our part and help those WHO NEED. �
�
Often, due to the nature of the social circumstances, the help normally is not put to proper use and that is sad. �We should empower these who have challenging lives to make it on their own and rise up to their own level of independence
Haha yes bro, I see developers still launching new projects at rather high prices.haha bro, i am ashamed to admit this year i have been quite lazy... seldom go to showflats...
seriously speaking, one should acknowledge that 40% sold in one day is spectacular even during normal times.
Some people do not realize that a developer is sitting pretty comfy if they can just sell around 30-40% per year. Sufficient to fund development cost already. So when they see after one year just sold 50% they get very excited thinking that the developer will start to firesale his units.
Dun seem to be too worried, about not being able to attract buyers
http://www.straitsti...market-picks-up
More launches in the offing as residential market picks up
APR 26, 2016
More launches are in the works in the coming months as the residential market continues to show signs of waking from its slumber.
The Sturdee Residences in Jalan Besar, by Sustained Land, sold 122 of 305 units at an average price of $1,550 psf at its preview. It will be officially launched on Saturday. Most of the units sold were one to two bedders while three of eight penthouses have been taken. Two of these were 1,830 sq ft units that went for $3.2 million each.
The show gallery for Gem Residences by Evia Real Estate, Gamuda and Maxdin is opening this weekend as well. Bookings for the 578-unit project in Toa Payoh start end-May with average prices at about $1,480 psf.
Pre-sales for Stars of Kovan by Cheung Kong Property are also expected to start next month. Condo prices at the mixed-use project, which has 390 condo units, five strata terraces and 46 shops, are about $1,550 to $1,600 psf.
The Steady Sturdee very very Steady man...
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went past the showflat without checking in, looked crowded
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1550pfs for a 99 LH property, while location is convenient, should go around and walk the area at night,
see you like it or not
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In the area the breakthrough condo was kerrisdale many years ago, those who bought and cashed out subsequently had made a pile
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Still quite�a walk to the mrt�though
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Quantum was key, the 420sfeet studio was just above 600k.
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City sq residence, FH, location is better�
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Looks like coming GEMs and the STARs launches�are going to do as well
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Perhaps all these STurdee Gems have all been written in the STARs
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to tell us�Market launches picking up
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Like that how to remove CMs?
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Haha yes bro, I see developers still launching new projects at rather high prices.
Dun seem to be too worried, about not being able to attract buyers
http://www.straitsti...market-picks-up
More launches in the offing as residential market picks up
APR 26, 2016
More launches are in the works in the coming months as the residential market continues to show signs of waking from its slumber.
The Sturdee Residences in Jalan Besar, by Sustained Land, sold 122 of 305 units at an average price of $1,550 psf at its preview. It will be officially launched on Saturday. Most of the units sold were one to two bedders while three of eight penthouses have been taken. Two of these were 1,830 sq ft units that went for $3.2 million each.
The show gallery for Gem Residences by Evia Real Estate, Gamuda and Maxdin is opening this weekend as well. Bookings for the 578-unit project in Toa Payoh start end-May with average prices at about $1,480 psf.
Pre-sales for Stars of Kovan by Cheung Kong Property are also expected to start next month. Condo prices at the mixed-use project, which has 390 condo units, five strata terraces and 46 shops, are about $1,550 to $1,600 psf.
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Agreed, to me Sturdee location wise just so so, not really near mrt, yet selling $1550psf.The Steady Sturdee very very Steady man...
went past the showflat without checking in, looked crowded
1550pfs for a 99 LH property, while location is convenient, should go around and walk the area at night,
see you like it or not
In the area the breakthrough condo was kerrisdale many years ago, those who bought and cashed out subsequently had made a pile
Still quite a walk to the mrt though
Quantum was key, the 420sfeet studio was just above 600k.
City sq residence, FH, location is better
Looks like coming GEMs and the STARs launches are going to do as well
Perhaps all these STurdee Gems have all been written in the STARs
to tell us Market launches picking up
Like that how to remove CMs?
Furthermore, 3 big unit penthouses sold, $3.2mil each you know, go figure!
New launches still moving units, prices also not coming down.
Moving forward, less supply too as private new completed unit numbers will start to drop significantly from just next year onwards.
So, unlikely to remove CM near term, maybe just some tweaks.
The other 2, Gem and Stars should be able do well too.
GEM -no new launch there for some years, pent up demand.
http://www.propertyg...ter-seven-years
New condo to launch in Toa Payoh after seven years
Stars - developer seems pretty confident, 10mil showflats, maybe should go check it out
http://www.theedgepr...-kovan-unveiled
Stars of Kovan unveiled
According to Wong, Cheung Kong plans to spend $10 million on the showflats and sales gallery of Stars of Kovan. �We want our sales gallery and showflats to reflect the quality of the future project,�
Pent-up demand
No doubt, housing prices in Singapore have corrected since 3Q2013. As at end-1Q2016, the URA private property index was back to 4Q2010 levels, points out Wong. �That means prices are more affordable, and it�s a good time to buy property,� he says. He reckons there is pent-up demand of more than 10,000 units built up over the last two years because of the property cooling measures.
Based on the government land sales awarded over the last few years, the number of private residential units scheduled for completion next year is about 14,000, with another 10,000 targeted to come onstream by 2018. However, the supply of new completions is expected to fall off significantly to 6,000 units in 2019 and just around 2,000 units by 2020. �Even if a developer were to buy a piece of land today, the [Temporary Occupation Permit] will be in 2021. With future supply slowing and pent-up demand building up, property prices should be bottoming,� reckons Wong.
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Edited by Mercs, 26 April 2016 - 11:05 PM.
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Arrested China exec said to be buyer of Sentosa villa
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Zhang Min, the Chinese businesswoman involved in the Ezubao ponzi scandal, is believed to have been the buyer of a SGD23.8 million bungalow along Lakeshore View in Sentosa Cove, the purchase of which has not been completed.
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Market watchers reckon that Zhang would have paid a 5 per cent deposit of the purchase price, that is, SGD1.19 million - which would have been forfeited when she did not complete the transaction. The bungalow in question, which fronts the Serapong Golf Course and overlooks the sea, is now back on the market. It is owned by three siblings from a Hong Kong family, two of whom are British citizens and the third, a Singapore citizen.
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The SGD23.8 million price it was to have been sold for, translates to SGD2,775 per square foot (psf) on the land area of 8,576 sq ft. The property is on a site with a balance lease term of 89 years at the time that the deal was entered into last October.
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Just six houses from the bungalow in question at Sentosa Cove, another property was bought in 2013 for SGD26 million or SGD2,922 psf by Zhu Xingliang, whom The Edge has identified as the founder of Shenzhen-listed interior design and construction firm Suzhou Gold Mantis Construction Decoration Co. Ltd. In January 2014, he was reported to have been arrested. He was implicated in the investigation of Nanjing mayor Ji Jianye, who was removed from office in a graft probe in October 2013.
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News of the more recent, SGD23.8 million or SGD2,775 psf transaction along Lakeshore View in Q4 last year, had boosted sentiment, given its relatively high psf price despite the general lack of transactions in the waterfront housing district.
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Link to story:
http://www.businesstimes.com.sg/real-estate/arrested-china-exec-said-to-be-buyer-of-sentosa-villa
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What did Stephen Chow say about his former on screen girlfriend being arrested?
What did Stephen Chow say about his former on screen girlfriend being arrested?
???????????????!
http://m.scmp.com/ne...irlfriend-hk80m
What did Stephen Chow say about his former on screen girlfriend being arrested?
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This
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lol...you wait....my fen look for you den u know....
the arrested China exec can go look for your fren soon
Chey......$600-700k per unit, many bros here can buy a few in full cash also dont want to buy.
If 80% of units are 850sf and higher then can reference PSF$ lah.
wow a lot of rich people around
You are one of them, dude.
agreement executed signed orally? lol
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They made an oral agreement that Chow would pay Yu 10 per cent after-tax profits on successful investments as commission. Yu says she helped him make profits of at least HK$195 million between 2007 and 2010.
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???????????????!
http://m.scmp.com/ne...irlfriend-hk80m
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Edited by Wt_know, 27 April 2016 - 11:35 AM.
KNS, mickey mouse units want to talk about psf
Chey......$600-700k per unit, many bros here can buy a few in full cash also dont want to buy.
If 80% of units are 850sf and higher then can reference PSF$ lah.
You are one of them, dude.
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Nice pic.
I do play some rugby but not American football.
& Lest you dont know.
My discussion has always been with reference to livable unit sizes not mickey mouse nor storerooms nor bathroom size units.
Cheers
Bro , Gem 1500 psf ... reasonable ? 1 Unit chow chow 1.2mHaha yes bro, I see developers still launching new projects at rather high prices.
Dun seem to be too worried, about not being able to attract buyers
http://www.straitsti...market-picks-up
More launches in the offing as residential market picks up
APR 26, 2016
More launches are in the works in the coming months as the residential market continues to show signs of waking from its slumber.
The Sturdee Residences in Jalan Besar, by Sustained Land, sold 122 of 305 units at an average price of $1,550 psf at its preview. It will be officially launched on Saturday. Most of the units sold were one to two bedders while three of eight penthouses have been taken. Two of these were 1,830 sq ft units that went for $3.2 million each.
The show gallery for Gem Residences by Evia Real Estate, Gamuda and Maxdin is opening this weekend as well. Bookings for the 578-unit project in Toa Payoh start end-May with average prices at about $1,480 psf.
Pre-sales for Stars of Kovan by Cheung Kong Property are also expected to start next month. Condo prices at the mixed-use project, which has 390 condo units, five strata terraces and 46 shops, are about $1,550 to $1,600 psf.
some of the city fringe new projects are increasing comms % to agents. 1 bedroom $60k comm. Developer rather up the comm than to give it to buyers as discount
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also heard a developer is raising prices for a D20 project this week to clear off remaining half of its units�
Huh?? Raise price to promote more sales??? Uniquely Singapore... And singaporean fall for it.some of the city fringe new projects are increasing comms % to agents. 1 bedroom $60k comm. Developer rather up the comm than to give it to buyers as discount
also heard a developer is raising prices for a D20 project this week to clear off remaining half of its units
Like that agent can give some kickbacks to buyers so win win situation?
Think can't right?
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by right cannot lah. by left just dont get caught lah
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don't call it kickback, sounds so shady. I would call it housewarming angpow�
Maybe agent indirectly cash back to buyer lah..... This one can discuss as long as you buy. In cash or in kind. No direct discount does not mean no indirect discount.
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i don't think anyone would want my benefit in kind�
i don't think anyone would want my benefit in kind�
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Attached Thumbnails
how big is the angpow?by right cannot lah. by left just dont get caught lah
don't call it kickback, sounds so shady. I would call it housewarming angpow
gold rolie presidente or explorer 1 entry model?
house warming party can be arranged at ktv ... lol
Edited by Wt_know, 27 April 2016 - 03:18 PM.
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damn u... almost threw up my lunch� ![[smash]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uI_WGHf6U9eMW8yyjGCjVQVo4xWaAoCEGHHijJKva8BO-7YIAqBtl55m1Nr58r1StzAfZtAAFZoK2H8XnCplrY2yzTuHyZ68_MbklIcEHccksMKz2nea20SYWxcZ-JZpZ5Yo20=s0-d)
Can quickly register as agent then go in as buyer?
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Ownself give ownself comms.
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some of the city fringe new projects are increasing comms % to agents. 1 bedroom $60k comm. Developer rather up the comm than to give it to buyers as discount
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also heard a developer is raising prices for a D20 project this week to clear off remaining half of its units�
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Just free rolex only .... lolby right cannot lah. by left just dont get caught lah
don't call it kickback, sounds so shady. I would call it housewarming angpow
Wasted ... if u agent , sure huat until dont know own name lol
how big is the angpow?
gold rolie presidente or explorer 1 entry model?
house warming party can be arranged at ktv ... lol
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family/ relatives i give 100% of what i get
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friends around 50% lah
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strangers zero. except for this guy who was my first ever customer, i gave him $2,888 for good luck when he collected his keys�
Can quickly register as agent then go in as buyer?
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Ownself give ownself comms.
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in all seriousness, yes you can.
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if you are quite sure you will be buying or selling anytime soon, go and get a licence. The comm u get is like an additional discount.
Like that still no expert ? Very good liao . I dont even know abt principal garden till u mentioned it. Hahhaa ur analysis was well thought.I'm no expert in properties but $1500psf seems quite high to me in this market but then again Toa Payoh have no Private Property launches for many years already so some may bite and also compared to Principal Garden at Alexandra (though nearer to MRT) going for $1600psf if not wrong, seems quite OK?
PS. I chose Principal Garden for comparison since both in matured estates though Alexandra could be deemed more desirable but Toa Payoh is very Central
If buyers are richie rich .. no issue . If those condo for the public ave, it's very siong and risky too.
Comm not pay by buyer meh ?in all seriousness, yes you can.
if you are quite sure you will be buying or selling anytime soon, go and get a licence. The comm u get is like an additional discount.
Like that still no expert ? Very good liao . I dont even know abt principal garden till u mentioned it. Hahhaa ur analysis was well thought.
If buyers are richie rich .. no issue . If those condo for the public ave, it's very siong and risky too.
Comm not pay by buyer meh ?
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i normally focus on new projects. don't do resale. For new projects if u buy from developer and you have your own licence, u will earn the comm as well.
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if resale, then yes, comm paid by either buyer or seller depending who the agent is acting for.
The future of Singapore...
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"Livable" units based on your criteria generally only refer to HDBs.
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Large landed / private apartments will continue to get rarer. And rarer. This helps to explain their pick up in sales recently. Few can afford large private. People who can afford them may shun them. That's why developers generally stop building them - they are responding to demand as well.
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Not what I hope for, but what I observe.
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Nice pic.
I do play some rugby but not American football.
& Lest you dont know.
My discussion has always been with reference to livable unit sizes not mickey mouse nor storerooms nor bathroom size units.
Cheers
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The future of Singapore...
�
"Livable" units based on your criteria generally only refer to HDBs.
�
Large landed / private apartments will continue to get rarer. And rarer. This helps to explain their pick up in sales recently. Few can afford large private. People who can afford them may shun them. That's why developers generally stop building them - they are responding to demand as well.
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Not what I hope for, but what I observe.
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The thing I find about "not livable" in condos is that got no storeroom, no service yard.
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If got these 2 and all bedrooms�can minimum go in a queen size bed and still have reasonable walking space then I feel it's livable, my�opinion only.�
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Storeroom is important to keep unsightly stuff like vacuum cleaners, ladders, mops etc out of sight.
Service yard is required to hang our clothes and you won't want your undies to be displayed for guests to see right? I know they believe in using dryers but not necessary in our climate I feel.
i normally focus on new projects. don't do resale. For new projects if u buy from developer and you have your own licence, u will earn the comm as well.
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if resale, then yes, comm paid by either buyer or seller depending who the agent is acting for.
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ohhh , not bad sia . �Got extra income somemore.
Man ! Im in the wrong trade ! .�
The thing I find about "not livable" in condos is that got no storeroom, no service yard.
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If got these 2 and all bedrooms�can minimum go in a queen size bed and still have reasonable walking space then I feel it's livable, my�opinion only.�
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Storeroom is important to keep unsightly stuff like vacuum cleaners, ladders, mops etc out of sight.
Service yard is required to hang our clothes and you won't want your undies to be displayed for guests to see right? I know they believe in using dryers but not necessary in our climate I feel.
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have have ... condo also have . you just need to buy a 3000 sqft one .�
U Doing very well lah bro. Don't have to be so modest hahaohhh , not bad sia . Got extra income somemore.
Man ! Im in the wrong trade ! .
U Doing very well lah bro. Don't have to be so modest haha
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handsome , out here is like the Amazon jungle .... one wrong step and you will see RadX dancing hula hula , flashes across your eyes ... stressful and scary . No bluff U one.�
Huh?? Raise price to promote more sales??? Uniquely Singapore... And singaporean fall for it.
man...i am in the wrong job
should have tried to become a banker, real estate agent or car salesman
Be president better.
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Should be "Be singa president better"
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only singa president the best and well-paid in the world
The thing I find about "not livable" in condos is that got no storeroom, no service yard.
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If got these 2 and all bedrooms�can minimum go in a queen size bed and still have reasonable walking space then I feel it's livable, my�opinion only.�
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Storeroom is important to keep unsightly stuff like vacuum cleaners, ladders, mops etc out of sight.
Service yard is required to hang our clothes and you won't want your undies to be displayed for guests to see right? I know they believe in using dryers but not necessary in our climate I feel.
Then you opt for units with service yard and storeroom lor.
Then you opt for units with service yard and storeroom lor.
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Trouble is most of the newer condos do not have this.
Anyway, I was just quantifying to showster what livable means in my books.
Should be "Be singa president better"
only singa president the best and well-paid in the worldhandsome , out here is like the Amazon jungle .... one wrong step and you will see RadX dancing hula hula , flashes across your eyes ... stressful and scary . No bluff U one.
![[bigcry]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sYaHXuECyQrhyBdLKTxILjhup_L2ts-PwGC3Yj3CGpLsYJbeDCSNKIghtOIP_FMlOMhidUCFV8Osp4oa3wXLB0nG9Y5waiSEVilFJJ2FCisu6G8d8kRTfmXx-fudwSAHACBV9domM=s0-d)
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