mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 34

so, the take home message here is if looking for a condo for own stay, better look for ulu places that is not targeted for tenancy?

if near mrt means tenancy is high and you got all sort of short term "resident"

sibei unfair leh ... pay million dollar $$ for a condo and experience this kind of treatment like illegal tenant ... nabei

property is location location location

being near city or near mrt is sibei best location but these kind of projects are heavily targeted by investor

buy the unit and throw to market purely for tenancy and dont give a fk who is the tenant ... it's $$ all it matters

�

Attached Thumbnails

Edited by Wt_know, 16 August 2014 - 09:39 AM.

alamak ... not sincere leh ...

49th birthday must by 49% ma ... muahahaha

waiting for next year 50th birthday for 50% [sly]

Attached Thumbnails

Edited by Wt_know, 16 August 2014 - 09:57 AM.

so, the take home message here is if looking for a condo for own stay, better look for ulu places that is not targeted for tenancy?

if near mrt means tenancy is high and you got all sort of short term "resident"

sibei unfair leh ... pay million dollar $$ for a condo and experience this kind of treatment like illegal tenant ... nabei

property is location location location

being near city or near mrt is sibei best location but these kind of projects are heavily targeted by investor

buy the unit and throw to market purely for tenancy and dont give a fk who is the tenant ... it's $$ all it matters

�

�

This is not out of the ordinary. The managing agent must have done a lousy job. I had a nasty encounter with a condominium manager from DTZ. She was replaced subsequently after I found evidence of her stirring s h i t against me.

Edited by Porker, 16 August 2014 - 04:53 PM.

I think I'm quite lucky with all your discussions on no rental no sale property.. I just leased my unit for $8k per month while average lease in my estate is 4.5k. Legal lease.. Nothing hanky panky or illegal.

Wow almost double the average?
You really lucky.
I must follow you closely to learn more.
Can teach?
Thanks

Jurong Lake District huat huat huat ... the new Jewel

tomolo must call agent to see Lakeville got increase price ... no $1500psf no talk liao

Edited by Wt_know, 17 August 2014 - 09:22 PM.

�

This is not out of the ordinary. The managing agent must have done a lousy job. I had a nasty encounter with a condominium manager from DTZ. She was replaced subsequently after I found evidence of her stirring s h i t against me.

�

wah lau, go and fight with condo mgr? must be not chio right? otherwise she wont get fired

�

wah lau, go and fight with condo mgr? must be not chio right? otherwise she wont get fired

�

Old fat ugly� -_-

like that must fight .... muahahaha

�

�

Old fat ugly�

�

condo mgmt where got young chio bu one. that is not possible.

condo mgmt where got young chio bu one. that is not possible.

�

why not. if i set up my own pm/fm company, i'll head down to NUS dept of real estate and headhunt all the chio xmm as condo manager upon graduation.

�

$2,500 pm shld be enough

�

very effective to diffuse tense situations with ppl like porker�

xmm also dun wan work in condom lo

�

why not. if i set up my own pm/fm company, i'll head down to NUS dept of real estate and headhunt all the chio xmm as condo manager upon graduation.

�

$2,500 pm shld be enough

�

very effective to diffuse tense situations with ppl like porker�

�

pple like porker prefer old fat ugly balding men with interest in behinds

�

not chio xmm..... i think

�

Edited by Enye, 18 August 2014 - 04:35 PM.

xmm also dun wan work in condom lo

�

how about poly grad xmm (estate management dip) ?

�

surely 2,500 is a very good starting pay?� [:)]

maybe can try find ahlian xmm

You dont just only make money from buying low selling high.
Its more about when you buy , whether its low or high.
Becos high can be higher and low can be lower.
Its about the direction of the market and how deep into the direction we are.� before changing direction?

This is the part that many men on the street have diff deciphering leading to deadly outcomes.
�

This is the part that many men on the street have diff deciphering leading to deadly outcomes.
�

Yup, its like arriving at 2am to a party which began at 8pm which looks to end by 3am.

Good rest folks.
I will be away for a while trying to attain zen.

So all the best and bye for now

Yup, its like arriving at 2am to a party which began at 8pm which looks to end by 3am.

Good rest folks.
I will be away for a while trying to attain zen.

So all the best and bye for now

haha, thats a good analogy. Happens to a lot of people who are not in the know. Poker aint an easy game..

Travel safe. :)

Edited by Baal, 19 August 2014 - 08:38 AM.

http://www.straitsti...nd-rising-suppl

got anyone have issues with units previously having dogs? heard from fren possible ticks issues. anything else? thanks

Yup, its like arriving at 2am to a party which began at 8pm which looks to end by 3am.

Good rest folks.
I will be away for a while trying to attain zen.

So all the best and bye for now

�

All the best and may you find the Zen you're looking for.

�

If not, buy another motorcycle.

property can buy anytime, as long price is right. got any property at 2009 price i will buy now lol. got some D9 props at 2011 price liao... hopefully can wack below that then is notch badz liao

Edited by Duckduck, 19 August 2014 - 09:58 AM.

got anyone have issues with units previously having dogs? heard from fren possible ticks issues. anything else? thanks

Dont think dog's ticks go for human blood.
Its the bedbugs......thats the skull cracking problem.

Almost impossible to fully eradicate. Even pest control dont gauranntee u after they come. Only dare to give 6 mths gaurantee if u follow their instructions............practically throw away at least half of ur wooden furnitures.

�

No prize for guessing which breeds brought bedbugs in abundance to Sg.

property can buy anytime, as long price is right. got any property at 2009 price i will buy now lol. got some D9 props at 2011 price liao... hopefully can wack below that then is notch badz liao

OT : as an ex V8 car owner, what hp/Nm u deem would be good for your case in Sg driving? maybe once bluemoon go nshw...

Edited by Baal, 19 August 2014 - 10:18 AM.

Dont think dog's ticks go for human blood.
Its the bedbugs......thats the skull cracking problem.

Almost impossible to fully eradicate. Even pest control dont gauranntee u after they come. Only dare to give 6 mths gaurantee if u follow their instructions............practically throw away at least half of ur wooden furnitures.

�

No prize for guessing which breeds brought bedbugs in abundance to Sg.

OT : as an ex V8 car owner, what hp/Nm u deem would be good for your case in Sg driving? maybe once bluemoon go nshw...

�

ok thx for dog feedback... re: car... i guess anything close to 250bhp is more than enuff for SG roads... i 200+bhp car & it was pretty good balance for SG & boleh ...

�

Edited by Duckduck, 19 August 2014 - 11:08 AM.

Ticks will still latch on to humans if they can but it's no biggie to get rid of them.

Ticks/fleas u can bomb the house kill them all. Yeap, ticks usually won't go for humans. Easy for us to pick them off. Ticks will try to stick to host, bedbugs bite u and run away hide.

�

Edited by Mockngbrd, 19 August 2014 - 11:34 AM.

so, the take home message here is if looking for a condo for own stay, better look for ulu places that is not targeted for tenancy?
if near mrt means tenancy is high and you got all sort of short term "resident"
sibei unfair leh ... pay million dollar $$ for a condo and experience this kind of treatment like illegal tenant ... nabei
property is location location location
being near city or near mrt is sibei best location but these kind of projects are heavily targeted by investor
buy the unit and throw to market purely for tenancy and dont give a fk who is the tenant ... it's $$ all it matters
�

As an investor you need to consider what kind of tenant you want?

Those near mrt condo...the tenant mix should be very varied..ranging from noisy students.. etc. They might be harder to manage n mess up your place n don't pay in time.

Those a bit so called ulu places.. More popular for families... Coz the environment more serene n so caller conducive for families especially with kids. They are usually safer kind of tenant coz pay on time
..N keep your place clean.

So investors need to think carefully what kind of tenant they want.

I prefer those not that attract family ones cos the condo upkeep is better n when I old Liao can move in to stay as an option.

As an investor you need to consider what kind of tenant you want?

Those near mrt condo...the tenant mix should be very varied..ranging from noisy students.. etc. They might be harder to manage n mess up your place n don't pay in time.

Those a bit so called ulu places.. More popular for families... Coz the environment more serene n so caller conducive for families especially with kids. They are usually safer kind of tenant coz pay on time
..N keep your place clean.

So investors need to think carefully what kind of tenant they want.

I prefer those not that attract family ones cos the condo upkeep is better n when I old Liao can move in to stay as an option.

This is something new.. Ulu condo tenants tends to pay on time.. Near mrt condo tenants tends to be late in payments? You experienced that with both your ulu & near mrt condo?

This is something new.. Ulu condo tenants tends to pay on time.. Near mrt condo tenants tends to be late in payments? You experienced that with both your ulu & near mrt condo?

No lar..I said "might be" and "usually"....

I used "so called ulu" is because singaporean investors tend to favor those very near the mrt..like within 700k at most ones..

N those not within 700k they labelled it as far or ulu lor.

But by definition ulu places should be not near any amenities or schools.shouldn't be judged by mrt only what.as long can accessible by bus can liao.

How about this..if you have family n come to a foreign country to live..would you want your family to live in a more "dynamic" n transient neighbors?

Usually the expats with family have bigger pay package housing allowance.

You do the maths. ;)

Geylang tenants pay with ahem ahem?

No lar..I said "might be" and "usually"....

I used "so called ulu" is because singaporean investors tend to favor those very near the mrt..like within 700k at most ones..

N those not within 700k they labelled it as far or ulu lor.

But by definition ulu places should be not near any amenities or schools.shouldn't be judged by mrt only what.as long can accessible by bus can liao.

How about this..if you have family n come to a foreign country to live..would you want your family to live in a more "dynamic" n transient neighbors?

Usually the expats with family have bigger pay package housing allowance.

You do the maths. ;)

I meant 700 metres.. Not 700k..stupid auto correct.

Btw condo for investment should consider those near international schools or good schools.

Not only mrt..but dunno why singaporean love mrt lei.

But the mrt effect is increasingly irrelevant by 2030..so you should take a long term look when it comes to buying for investment.

S�pore land prices flat amid strong headwinds

�

Aug 26, 2014

�

Land prices across major Asian cities grew at a slower pace in the first six months of 2014, advancing by 4.9 and 2.9 percent for office and residential sites respectively, compared to 9.8 and 7.7 percent during the same period last year, according to Knight Frank.

�One reason for the deceleration is the slowdown in China, although activity also fell across the rest of Asia,� said Nicholas Holt, Research Head for Asia Pacific.

He added: �In H1 2014, investment volumes totalled only 37.6 percent of the amount achieved in the whole of last year.�

Meanwhile, land transaction volumes in Asia dropped five percent year-on-year in H1 2014.

The report also noted that Singapore�s housing market faced strong headwinds, and as a result, land prices here stayed flat.

�In Q2 2014, as compared to the same period last year right before the impact of the Total Debt Servicing Ratio ruling was felt, prices of non-landed houses in (the) Core Central Region dropped 4.8 percent as transactions plunged 52.5 percent, softening demand for land,� said Holt.

�

Geylang tenants pay with ahem ahem?

if 2x per day, everyday, that's significant downtown rental rates!

As an investor you need to consider what kind of tenant you want?

Those near mrt condo...the tenant mix should be very varied..ranging from noisy students.. etc. They might be harder to manage n mess up your place n don't pay in time.

Those a bit so called ulu places.. More popular for families... Coz the environment more serene n so caller conducive for families especially with kids. They are usually safer kind of tenant coz pay on time
..N keep your place clean.

So investors need to think carefully what kind of tenant they want.

I prefer those not that attract family ones cos the condo upkeep is better n when I old Liao can move in to stay as an option.

�

Learnt somethiing from here.� [thumbsup]
�

wow, the new tiong bahru condo price will be $1.6m onwards for compact 3 BR

�

deluxe 3 BR is $2m and above

�

price really softening sia!

Good news for bargain hunters! price continue to crash by a whopping 0.3%!�

�

Quick go and lowball more resale owners� [:)]

�

Resale private home prices down 0.3% in July: SPRI

�

Aug 29, 2014

�

Resale prices of completed non-landed private homes in Singapore dropped 0.3 percent in July compared to June, revealed the latest flash estimates of the National University of Singapore (NUS)�s Overall Singapore Residential Price Index (SRPI).

Notably, a revised 0.5 percent decline was posted in June.

Prices of small condo and apartment units (up to 506 sq ft) fell 0.8 percent in July compared to June�s 0.7 percent drop.

Home prices in the Central Region, excluding small units, dipped 0.7 percent in July after falling 0.8 percent last month.

However, prices of homes in the Non-Central Region, excluding small units, inched up 0.1 percent in July after easing 0.2 percent in June.

The Central Region sub-basket refers to properties located in districts 1 to 4 and the traditional prime districts 9 to 11, while properties found in other postal districts are in the Non-Central Region sub-basket.

�

High end developer going to wait for one and half years before deciding want to cut price or not

�

I wholeheartedly agree that developers should not cut price. Instead, give the poor agents another 5% more commission to motivate them to work harder to bring buyers in� �

�

Cutting luxury home prices can backfire: Wing Tai chairman

By�Lee Yen Nee�
POSTED:�29 Aug 2014 08:37

Mr Cheng Wai Keung explains rationale for holding its valuation of its new Ardmore Park project, despite having sold just 3 of 43 units.

SINGAPORE: Slashing prices is not the best way to increase sales in the luxury home segment despite the current property climate, as developers risk tarnishing the brand image of their offerings, said Wing Tai Holdings chairman Cheng Wai Keung on Thursday (Aug 28).

�

This is one of the reasons the company has not taken that option with its freehold Ardmore Park project, Le Nouvel Ardmore. Wing Tai has sold only three of the 43 units on offer but, under the Qualifying Certificate, it has until mid-2016 to sell all the units.

�

�There is no point in lowering the price � it�s almost like retail � you don�t see the high-end, luxury products on a fire sale. If LVMH does that, it is destroying its brand. In the high-end segment, you�re selling a brand image; not for utility. If it�s for utility, you can never sell at that kind of price,� said Mr Cheng. �We still have one-and-a-half years for Le Nouvel Ardmore. We will hold our price and wait until that time to make a decision.�

�

lai lai sentosa cove lelong lelong

http://www.straitsti...plunge-20140829

High end developer going to wait for one and half years before deciding want to cut price or not
�
I wholeheartedly agree that developers should not cut price. Instead, give the poor agents another 5% more commission to motivate them to work harder to bring buyers in� �
�
� Cutting luxury home prices can backfire: Wing Tai chairman
By�Lee Yen Nee�
POSTED:�29 Aug 2014 08:37

Mr Cheng Wai Keung explains rationale for holding its valuation of its new Ardmore Park project, despite having sold just 3 of 43 units.

SINGAPORE: Slashing prices is not the best way to increase sales in the luxury home segment despite the current property climate, as developers risk tarnishing the brand image of their offerings, said Wing Tai Holdings chairman Cheng Wai Keung on Thursday (Aug 28).
�
This is one of the reasons the company has not taken that option with its freehold Ardmore Park project, Le Nouvel Ardmore. Wing Tai has sold only three of the 43 units on offer but, under the Qualifying Certificate, it has until mid-2016 to sell all the units.
�
There is no point in lowering the price its almost like retail you dont see the high-end, luxury products on a fire sale. If LVMH does that, it is destroying its brand. In the high-end segment, youre selling a brand image; not for utility. If its for utility, you can never sell at that kind of price, said Mr Cheng. We still have one-and-a-half years for Le Nouvel Ardmore. We will hold our price and wait until that time to make a decision.
�

He likes to think his developments are high end. Your developments are only high end if the market thinks so. Apparently alot of local buyers are not familiar with the real high end. Go to major financial centres and see the real deal. We are still far behind

hahahaha ... some agent sings jurong lake district also high end liao after PM say something in NDR
last time JLD aka Jurong West is like nobody wants to go .... some says place that bird no lay eggs ... lol

He likes to think his developments are high end. Your developments are only high end if the market thinks so. Apparently alot of local buyers are not familiar with the real high end. Go to major financial centres and see the real deal. We are still far behind

Edited by Wt_know, 30 August 2014 - 10:50 AM.

lai lai sentosa cove lelong lelong

http://www.straitsti...plunge-20140829

Sentosa is a flop, $2800psf to $1400psf now and still not moving.... But then it was way over priced in the first place, a bubble.

Even Sky Habitat has cut price from $1700 psf to $1200-1400psf. Those who bought earlier sure cry father cry mother or they can tell themselves it is a really long term investment, no problem, property sure makes money one.

longggggggggg term but that does not change the fact they bought an over-value unit.

He likes to think his developments are high end. Your developments are only high end if the market thinks so. Apparently alot of local buyers are not familiar with the real high end. Go to major financial centres and see the real deal. We are still far behind

�

so your SB u bought considered high end or not?�

Sentosa is a flop, $2800psf to $1400psf now and still not moving.... But then it was way over priced in the first place, a bubble.

Even Sky Habitat has cut price from $1700 psf to $1200-1400psf. Those who bought earlier sure cry father cry mother or they can tell themselves it is a really long term investment, no problem, property sure makes money one.

actually can consider sentosa if really at 1400psf and can afford 2000-3000sqft.. That like 2.8 to 4mil+.. But the 3 bedder monthly conservancy cost is like $1600-1800 per month..

why��monthly conservancy cost so high?

actually can consider sentosa if really at 1400psf and can afford 2000-3000sqft.. That like 2.8 to 4mil+.. But the 3 bedder monthly conservancy cost is like $1600-1800 per month..

�

actually can consider sentosa if really at 1400psf and can afford 2000-3000sqft.. That like 2.8 to 4mil+.. But the 3 bedder monthly conservancy cost is like $1600-1800 per month..

Sentosa is a lifestyle product. Not near public transport, so a big family will need a few cars or dad becomes the chauffeur often. Better pay slightly more for a D9-11 freehold property. It is for the truly rich and not for commoners like me, ieven if I can afford it.

Edited by Voodooman, 01 September 2014 - 09:13 PM.

why��monthly conservancy cost so high?
�

$900 for conservancy, another $900 for sinking fund

Told these investors not to go and buy small units,, see lah

�

want to buy, better buy 3 br and above in SG. If only have less than $1m to play with, i recommend iskandar, manila, cambodia and other high risk emerging market condo. Can buy 2 to 3 units.

�

For transparency sake, i get the same comm whether it is overseas or SG hor, 5% across board� [:)]

�

Challenging times ahead for shoebox landlords

�

Sep 3, 2014

�

Landlords of shoebox apartments located outside the city centre will find it �challenging� to rent out their units once the influx of new homes enters the market next year, said experts quoted in the media.

Most of the 53,900 new condo units set to hit the market over the next 30 months are small or shoebox apartments, or units measuring up to 506 sq ft.

�Owners of such units for investment would not be as successful at getting the kind of rentals they want going forward,� said Desmond Sim, Research Head at CBRE.

�There will be pressure on vacancies, as they will be facing competition from the broader market too.�

While there are no official figures on the number of shoebox units in the market, in September 2012 the Urban Redevelopment Authority (URA) estimated that there were around 2,400 completed units as at 2011, with the number climbing to 11,000 by the end of next year.

From 2009 to 2012, shoebox units featured heavily at newly launched projects including the 72-unit Suites in Lim Ah Woo Road, the 138-home Parc Imperial in Pasir Panjang Road and the 293-unit Alexis in Alexandra Road.

Although they tend to have a higher psf price due to their small size, investors find the overall quantum �more palatable, especially amid tightened financing�, noted Chia Siew Chuin, Director of Research and Advisory at Colliers International.

Typically, rental yields of shoebox units range from three to four percent, up from the two to three percent yields for residential developments islandwide.

However, experts warn investors looking to acquire shoebox apartments that rents for such units are expected to moderate in line with the flood of newly completed homes.

�

I don't see how that is news at all. Unless there are people out there who actually didn't expect it to turn out like that.

�

Oh wait, there are. laffo.

$650K-$700K shoebox is like the dearest DARLING 3 years ago

developer, analyst, agent, buyer ... all love shoebox

all TCSS ... small money big return wor ...

small money all can become landlord liao ... huat ah!

Edited by Wt_know, 04 September 2014 - 11:05 AM.

new name for shoebox... suites...

Told these investors not to go and buy small units,, see lah
�
want to buy, better buy 3 br and above in SG. If only have less than $1m to play with, i recommend iskandar, manila, cambodia and other high risk emerging market condo. Can buy 2 to 3 units.
�
For transparency sake, i get the same comm whether it is overseas or SG hor, 5% across board�
�
�
�
Challenging times ahead for shoebox landlords
�

Sep 3, 2014
�
�
Landlords of shoebox apartments located outside the city centre will find it challenging to rent out their units once the influx of new homes enters the market next year, said experts quoted in the media.
Most of the 53,900 new condo units set to hit the market over the next 30 months are small or shoebox apartments, or units measuring up to 506 sq ft.
Owners of such units for investment would not be as successful at getting the kind of rentals they want going forward, said Desmond Sim, Research Head at CBRE.
There will be pressure on vacancies, as they will be facing competition from the broader market too.
While there are no official figures on the number of shoebox units in the market, in September 2012 the Urban Redevelopment Authority (URA) estimated that there were around 2,400 completed units as at 2011, with the number climbing to 11,000 by the end of next year.
From 2009 to 2012, shoebox units featured heavily at newly launched projects including the 72-unit Suites in Lim Ah Woo Road, the 138-home Parc Imperial in Pasir Panjang Road and the 293-unit Alexis in Alexandra Road.
Although they tend to have a higher psf price due to their small size, investors find the overall quantum more palatable, especially amid tightened financing, noted Chia Siew Chuin, Director of Research and Advisory at Colliers International.
Typically, rental yields of shoebox units range from three to four percent, up from the two to three percent yields for residential developments islandwide.
However, experts warn investors looking to acquire shoebox apartments that rents for such units are expected to moderate in line with the flood of newly completed homes.
�

I think Iskandar properties are more owner occupied. Do you have data to support this theory? I look and look and I cannot fathom why investors would want to park their money there

I think Iskandar properties are more owner occupied. Do you have data to support this theory? I look and look and I cannot fathom why investors would want to park their money there

�

i don't think so. At least from the buyers who i interacted with, (most) singaporeans who buy iskandar condos just wanna flip or rent out

�

those who want to stay there typically look for landed at east ledang/ horizon hills etc

�

i too also cannot fathom why, but u can't use reason to stop a rampaging herd from running u over right?� �

�
i don't think so. At least from the buyers who i interacted with, (most) singaporeans who buy iskandar condos just wanna flip or rent out
�
those who want to stay there typically look for landed at east ledang/ horizon hills etc
�
i too also cannot fathom why, but u can't use reason to stop a rampaging herd from running u over right?� �

But you recommend to invest anyway....

But you recommend to invest anyway....

�

me recommend? I only offer my 2 cents to people who really want to hear my view.

�

As to most of the clients out there who feel that they are property investment experts, i just keep my views to myself and show them what they want to see. Afterall, i am just called a salesperson, not advisor or consultant, so why would anyone look to me for recommendation?� �

�
me recommend? I only offer my 2 cents to people who really want to hear my view.
�
As to most of the clients out there who feel that they are property investment experts, i just keep my views to myself and show them what they want to see. Afterall, i am just called a salesperson, not advisor or consultant, so why would anyone look to me for recommendation?� �

Yeah, yeah, emptor cavear

Haiz, land tender continues to be so hot

�

So many small boys taking part. Even small boy ah quack also join in the fray, almost tio if he put in another 3% more.

�

Even CCK ulu EC will be selling at close to $900 psf, how to expect mass market condo to correct??

�

Those staying in CCK sure huat huat huat!� [laugh] � [laugh]

�

Choa Chu Kang Drive EC site receives eight bids

�

Sep 5, 2014

�

The tender for an Executive Condominium (EC) land parcel at Choa Chu Kang Drive received eight bids, with Sim Lian Land submitting the highest tender price of $207.4 million.

A consortium comprising Hoi Hup Realty, Sunway Developments and Oriental Worldwide Investments submitted the next highest bid of $202.9 million, while Verwood Holdings and TID Residential jointly bid for the land at around $197 million.

Head of Singapore�s CBRE Research Desmond Sim said, �The number of bids and close winning margin indicate the healthy interest in the EC market, despite current market conditions. This is coupled by the establishment of the vicinity as a matured housing estate with a myriad of amenities. The bid price also reflects the confidence of the developers in the mid to long term for the EC market, bolstered by steady underlying demand.�

The land parcel measures 19,058.0 sq m and is next to Chua Chu Kang Secondary School.

HDB will announce the award of the tender soon.

�

Wow since when did Tiong Bahru suddenly command D9 price? Response has been good some more� [:)]

�

All loaded singaporeans, ready to chiong ! (first come first serve, no more units don't cry hor� [laugh] � [laugh] �)

�

Highline Residences, Keppel Land�s condominium project in Tiong Bahru, is expected to launch on 13 September coinciding with the opening of the showflat for Marina One Residences, according to media reports.

Although a Keppel Land spokesperson declined to confirm the date, she said, �we have given a market guide price of $2,000 psf (on average) and response has been good.� The guide price excludes an unspecified �special preview discount� for registered buyers who have viewed the units prior to the official launch.

Last weekend, potential buyers were invited to view the development, and another session will be held this weekend.

Including the discounts, the average price at Highline Residences could range from $1,800 to $1,900 psf, according to market observers.

Edited by Wyfitms, 05 September 2014 - 04:52 PM.

indication indication and more indication

but developer is not blinking leh ... simi taiji?

discount are mainly given to big unit with gagantic balcony/patio/void space or lousy unit ... [thumbsdown]

�

3 indications that show just how bad the Singapore residential property market is

Edited by Wt_know, 05 September 2014 - 07:02 PM.

developer is so desperate that instead of luring you to showroom with free drink and finger food

they bring the mini-showroom to you ... muahahaha

�

http://www.businesst...wheels-20140830

Attached Thumbnails

Edited by Wt_know, 06 September 2014 - 02:04 PM.

Creative!

Because the house are mickey mouse one, so the showflat fits into the truck lol

developer is so desperate that instead of luring you to showroom with free drink and finger food

they bring the mini-showroom to you ... muahahaha

�

http://www.businesst...wheels-20140830

�

Yes creative idea. But this also tells you that the condo size is only a size of a truck. [:p]

It's a suite hokay!!!

Toilet suite?

Wow since when did Tiong Bahru suddenly command D9 price? Response has been good some more�
�
All loaded singaporeans, ready to chiong ! (first come first serve, no more units don't cry hor� � �)
�

�
�
�
Highline Residences, Keppel Lands condominium project in Tiong Bahru, is expected to launch on 13 September coinciding with the opening of the showflat for Marina One Residences, according to media reports.
Although a Keppel Land spokesperson declined to confirm the date, she said, we have given a market guide price of $2,000 psf (on average) and response has been good. The guide price excludes an unspecified special preview discount for registered buyers who have viewed the units prior to the official launch.
Last weekend, potential buyers were invited to view the development, and another session will be held this weekend.
Including the discounts, the average price at Highline Residences could range from $1,800 to $1,900 psf, according to market observers.

The only thing highline is the price

The only thing highline is the price

I wouldn't buy tiong bahru in today's context at 2000psf. Leave it to the next smart home buyer

I wouldn't buy tiong bahru in today's context at 2000psf. Leave it to the next smart home buyer

Looks like i am as stupid as you. Tiong bahru si si mi? Chey! My CCK then is something!
Muayhahaha

developer is so desperate that instead of luring you to showroom with free drink and finger food

they bring the mini-showroom to you ... muahahaha

�

http://www.businesst...wheels-20140830

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hey how come the agent no wear black suit and tie. So unprofessional, no respect to buyer who is forking out millions� -_- � <_< � [:)]

The only thing highline is the price

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Price no high means not so exclusive

�

imagine if now u tell your friends u stay at highline, they will be so impressed

�

cos you are so rich that u can afford to overpay for tiong bahru location with orchard price

�

All will kowtow to you!

Now JLD also very exclusive.�

anyone w UK prop exposure? GBP is gona b dam erratic now that scotland vote is coming... if scotland votes to leave, then its expected that GBP may have huge moves up & down...

JLD now $1250-$1350psf
hearsay, soon no $1600-$1800 no talk liao

Now JLD also very exclusive.�

JLD now $1250-$1350psf
hearsay, soon no $1600-$1800 no talk liao
�

�

good everyone pls rush n buy JLD... leave D9 & 10 cheap for me to cherry pick
�

JLD now $1250-$1350psf
hearsay, soon no $1600-$1800 no talk liao
�

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i think can be more

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i know of a research analyst in one of the major consultancy firms who put his money where his mouth is and bought a JLD

�

i asked him how much he think it can go, he told me $2,000 psf�

anyone w UK prop exposure? GBP is gona b dam erratic now that scotland vote is coming... if scotland votes to leave, then its expected that GBP may have huge moves up & down...

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shiok ah

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then buy when GBP is down and sell when it is up

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market dun move also can make 50% from currency itself� [laugh] � [laugh]

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i know of a research analyst in one of the major consultancy firms who put his money where his mouth is and bought a JLD
�

i asked him how much he think it can go, he told me $2,000 psf

�

research analyst dont make $ talking down mkt lah or else he will also lose his job. theres vested interest everywhere.

wah .... $2,000 psf ha ... like that high line status liao

owner must be sibei proud living in jurong west ... muahahahaha ... sorry i mean JLD ...

�

i think can be more

i know of a research analyst in one of the major consultancy firms who put his money where his mouth is and bought a JLD

i asked him how much he think it can go, he told me $2,000 psf

�

Edited by Wt_know, 08 September 2014 - 02:36 PM.

�

research analyst dont make $ talking down mkt lah or else he will also lose his job. theres vested interest everywhere.

�

But if he really bought a unit then you have to salute him no? Take care though as we all know Wymfits is an agent himself and might not even have this analyst friend right?

�

But if he really bought a unit then you have to salute him no? Take care though as we all know Wymfits is an agent himself and might not even have this analyst friend right?

�

salute him? no, i just smile at him and nod� [nod]

�

think i will have to quit my job as a property agent soon, maybe in 2016. Otherwise people will never trust what i say ah� [laugh] � [laugh]

�

research analyst dont make $ talking down mkt lah or else he will also lose his job. theres vested interest everywhere.

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erhh, a research analyst's role basically entails data gathering (mainly from URA) and number crunching

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i don't think he has any reason to talk up or talk down the market. That is his boss's job, not his� [laugh] � [laugh]

wah .... $2,000 psf ha ... like that high line status liao

owner must be sibei proud living in jurong west ... muahahahaha ... sorry i mean JLD ...

�

�

�

harlow jurong west is jurong west

�

JLD is JLD�

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according to my Senior executive Director, these are 2 different markets ! �

sure ... soon yuan ching road is the new shenton way or at least bukit timah ... says the director ... lol

�

harlow jurong west is jurong west

�

JLD is JLD�

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according to my Senior executive Director, these are 2 different markets ! �

�

Edited by Wt_know, 08 September 2014 - 03:10 PM.

So where does JLD end and Jurong West start?

sure ... soon yuan ching road is the new shenton way or at least bukit timah ... says the director ... lol

�

�

�

you have good foresight sir

�

i'm sure you have already made your millions in real estate� [thumbsup]

Alright! Sales volume will chiong through Sep...� [bounce1] � �

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More launches expected in coming months

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Sep 8, 2014

�

As it was seen as an inauspicious time to buy property during the seventh lunar month, which fell in August, developers are expected to launch more private residential projects in September and October, according to experts as reported in the media.

These include Keppel Land�s Highline Residences�in Tiong Bahru which was previewed in the past two weekends. The guide price for the 500-unit project stands at $2,000 psf.

To attract more customers, Keppel Land is offering concierge services to buyers, such as housekeeping and limousine services, plus membership at a golf club in Bintan.

Another major project slated to be launched is the Marina One Residences�(pictured)�by M+S, a joint venture between Temasek and Khazanah Nasional. The development is anticipated to be released on 13 September, with indicative prices averaging at $2,600 psf.

ERA Realty�s Key Executive Officer Eugene Lim explained the peak periods for housing sales occur after the Chinese New Year and Hungry Ghost Month. �Most developers will capitalise on this second peak window to clear as many units as they can before this year-end lull,� he added.

Meanwhile, several Executive Condominiums (ECs) are expected to come on stream after a hiatus of nearly one year.

Developers of two EC sites at Punggol�s Anchorvale Crescent and Woodlands Avenue 5 are set to unveil their projects. In fact, construction of the Woodlands Avenue condo has started and online applications will begin by end-September. Prices are expected to fall within $750 to $820 psf.

Additionally, three other ECs in Punggol and Jurong West are scheduled to debut in November. Altogether, these developments will have around 2,900 units.

�

wah ... against all odds ... buck the trend ... jump 4.8%

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Posh private condos buck the trend as resale prices climb 4.8% in August
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Resale volume inched up 1.2% year-on-year.

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Private condominium units in the Core Central Region are bucking the country�s falling price trend. The Singapore Real Estate Exchange�s August 2014 Private Residential Flash Report revealed that non-landed private residential resale prices were up slightly by 0.4% in August compared to July 2014.

�

Condos in the CCR and RCR drove the overall index up with price gains of 4.8% and 1.5%, respectively. In comparison, resale prices of units in OCR decreased 1.1%.

�

Year-on-year, prices have dropped 5.0% from August 2013. Prices have declined 5.3% since the recent peak in Jan 2014.

�

Meanwhile, resale volume remained flat as an estimated 418 Non-landed Private Residential units were resold in August, levelled with 417 transacted units in July.

�

Year-on-year, resale volume improved 1.2% compared with 413 units resold in August 2013, while it is down 79.6% compared to its peak of 2,050 units resold in April 2010.

Edited by Wt_know, 08 September 2014 - 07:51 PM.

�

salute him? no, i just smile at him and nod�

�

think i will have to quit my job as a property agent soon, maybe in 2016. Otherwise people will never trust what i say ah� �

�

�

Still can trust la. Just not about property.

�

Why some stupid people trust their agents, I will never understand. Agents are salesmen working for their commission and not you.

wah ... against all odds ... buck the trend ... jump 4.8%

�

�

wat sorcery is this??? isn't the direction clearly down?� [confused]

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think there is some mistake in data compilation. The PhDs who created this index should be sacked� [laugh] � [laugh]

Saw this question in my son's kindergarten assignment.

�

"what is the trend of the market from 2013 to 2014?"

�

Only got 3 choices - up, down or flat. He chose flat, and kanna scolded by teacher.

�

Teacher said, u stupid or what, the direction is clearly down!!�

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school work these days damn tough sia� [shakehead] � � [bigcry]

�

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Cannot be!!!! AMDK bank say will drop!!!!

http://www.straitsti...es-bofa-merrill

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keep hearing drop 20% for the past 5 years and yet proven wrong ... going higher and higher

by 2016 ... no 40% no talk ...

the higher it go the harder it fall ... muahahaha

�

Singapore - Home prices here could fall 20 per cent by 2016, depending on how the Government moves on its economic restructuring policies and property cooling measures, Bank of America Merrill Lynch has said in a new report.

Edited by Wt_know, 09 September 2014 - 03:23 PM.

Saw this question in my son's kindergarten assignment.
�
"what is the trend of the market from 2013 to 2014?"
�
Only got 3 choices - up, down or flat. He chose flat, and kanna scolded by teacher.
�
Teacher said, u stupid or what, the direction is clearly down!!�
�
school work these days damn tough sia� � �
�
�

iwill scold the teacher for scolding my son stupid.. The teacher stupid or what...what makes her sure that's it's down from the trend line..

�
wat sorcery is this??? isn't the direction clearly down?�
�
think there is some mistake in data compilation. The PhDs who created this index should be sacked� �

No sorcery required.

Most agents read and translate reports and information out of context or simply to their advantage.
Just as they would tell a seller that the market sucks and to a buyer that the market is shining.

Read the news again. Prices moving up just due to a few sales at already LOWERED prices doesnt mean a change of direction.

Markets dont move in a complete straight line.
Not when its going up nor when its coming down.
But when put together, the direction is still clear. Downwards.

Anyway, respect to the one who puts money where his mouth is, either ways.
That, compared to those who make hell lot of noise but never execute .

Those who think it is going up and up and up.
Plese leverage and buy more lah! Waiting for what?
I dont understand leh?... Waiting for f**k?

Oooopps , money no enough ar? *zip*

iwill scold the teacher for scolding my son stupid.. The teacher stupid or what...what makes her sure that's it's down from the trend line..

�

Don't know lah. Teacher know everything

�

i stared at the line for hours still cannot see where is the down trend. I said it is down 5% then up 4% then down and up again... can't really conclude right?

�

But the teacher assured me that it is DOWN if you take into consideration everything� [confused] �

�

anyway, he is right, cos he set the papers and decided on the answer� [smash] � [smash]

Edited by Wyfitms, 10 September 2014 - 09:41 AM.

�
Don't know lah. Teacher know everything
�
i stared at the line for hours still cannot see where is the down trend. I said it is down 5% then up 4% then down and up again... can't really conclude right?
�
But the teacher assured me that it is DOWN if you take into consideration everything� �
�
anyway, he is right, cos he set the papers and decided on the answer� �

Aiyah....Teacher cant beat Agent.

Agent is like deity, can foretell future, impact present and misrepre....er i mean represent the past.
Some even like god, can make low prices high and lousy property good.

Agent ???????!!

Muayhahahaha

Aiyah....Teacher cant beat Agent.

Agent is like deity, can foretell future, impact present and misrepre....er i mean represent the past.
Some even like god, can make low prices high and lousy property good.

Agent ???????!!

Muayhahahaha

�

wah, i dunno what kinda of agents you met. Those that i know are very human, no supernatural powers

�

even if they are fortune tellers, it is up to you to believe or not right� [:)]

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you do sound like the teacher i met, esp your laughter�

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harharhar

If like that say teacher also up to you to believe, isnt it.

Best to believe in yourself , i think

Edited by Partagas, 11 September 2014 - 07:51 PM.

If like that say teacher also up to you to believe, isnt it.

Best to believe in yourself , i think

I like you leh.....,.....

Cool laugh, you hv

Muayhahahahaha

I like you leh.....,.....

Cool laugh, you hv

Muayhahahahaha

Um.

Thank you?

Um.

Thank you?

�

Why you choose Partagas as your nick?�Why not Rolex or Tablewiper II or FullCash?

�
Why you choose Partagas as your nick?�Why not Rolex or Tablewiper II or FullCash?

Bro, dont suan me ok.
I got no Rolex nor wish to be Tablewiper.
My car is fully paid after many years of instalments but to pay in full cash, i cannot.

I choose Partagas becos the only thing i spend on a bit more is cigars.
I know T2 is the cigarking here but we have little in common besides loving cigars.

I avoid posting too much because, the last time i posted, also kena whacked.
This forum quite fierce. I thought i also try to act tough a bit, but cannot make it.....

Ok ok, paiseh, i back off, bro.

This is the wrong thread for me anyway.......

If like that say, teacher also up to you to believe.�

Oh I forgot to add the word 'act'. Should read "Agents act like they are Deities, they act like they can etc etc.....

I am no teacher but in here i am very well known as the Cleaner (table Wiper) in case you dont know.

Muayhahahaha

�

You should have picked throttle3 as your nick� �

�

now i'm confused.. so you are known as table wiper too? or are you the same table wiper we all know?

I like you leh.....,.....

Cool laugh, you hv

Muayhahahahaha

See so many people using your trademark liao

Rupiah go down from US dollar made car price go high :(

thank you ... thank you for writing in and not letting the property developers to smoke the ignorance

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Edited by Wt_know, 13 September 2014 - 09:33 AM.

My Beach front house

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My Beach front house

Damn... My sentosa cove unit looks so damn crowded in comparision.....yours have more privacy... I like...hehehe...

Damn... My sentosa cove unit looks so damn crowded in comparision.....yours have more privacy... I like...hehehe...

No lah your Sentosa Cove is nicer. At least you got beautiful lawn. I only have 23,000 sft of sand surrounding mine.

My Beach front house

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sibey chio....

�

i mean the watch [laugh] [laugh]

No lah your Sentosa Cove is nicer. At least you got beautiful lawn. I only have 23,000 sft of sand surrounding mine.

Envy leh.... Given a choice, I will pick the sand over lawn.... And look at that sampan, soon easy to dock... Hehehe...

Watch thread or property thread? Eh

property thread ...

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Edited by Wt_know, 14 September 2014 - 04:08 PM.

thank you ... thank you for writing in and not letting the property developers to smoke the ignorance

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the author does not seem to appreciate property economics 101. a slump in the market does not lead to poorer economy and jobs loss. should be the other way round

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it is true that cooling measures shld not be removed cos the demand is still very hot, if removed, i think price also no horse run liao

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now only managed to keep it flat *phew*� [:)]

tsk tsk� [rolleyes]

�

Highline Residences receives positive response

�

Sep 15, 2014

�

Highline Residences, Keppel Land�s latest condominium project in Tiong Bahru, received good response from homebuyers during its closed-door preview sales over the weekend, said media reports.

Notably, over 80 percent of the first 160 units released were sold at an average price of $1,900 after taking into account a special preview discount, which ranged from $28,000 to $68,000. The project offers 500 units in total.

The price was in line with market watcher�s expectations of between $1,800 and $1,900 psf.

�This (positive response) may be due to pent-up demand for new private housing in Tiong Bahru, which has not seen a launch in the past seven years,� noted a Keppel Land spokesperson.

The closed-door sale last weekend was by-invitation-only, and for prospects who registered their interest.

Keppel Land is planning the sales launch of the long awaited project. Located at Kim Tian Road, it is within a few minutes� walk to Tiong Bahru MRT station and the future Havelock MRT station on the Thomson Line.

According to a recent OCBC report, when The Crest, a condo developed by a Wing Tai consortium located at Prince Charles Crescent near Redhill, was launched in June 2014, only 35 units were sold at a median price of about $1,700 psf over that month.

128 (80% of 160) / 500 units sold

balance 372 units = 74% unsold total projects

when fire sale? ... huat ah!

anyway, cannot afford la ... sibei highline leh [bigcry]

Edited by Wt_know, 15 September 2014 - 01:05 PM.

128 (80% of 160) / 500 units sold

balance 372 units = 74% unsold total projects

when fire sale? ... huat ah!

anyway, cannot afford la ... sibei highline leh

�

launched for one weekend only u wanna think about firesale?� <_<

�

take own sweet time to market remaining 370 units over the next 2 years still huat ah� �

hahaha ... only 128 can afford highline ma ... no more people buy liao

even can find another 128 (phase 2) + 128 (phase 3) buyers ... still got 116 units to choose ... but the remaining 116 units shoud be the super duper expensive one ... LOL

just kidding only la ... i can never afford highline [bigcry]

�

�

launched for one weekend only u wanna think about firesale?�

�

take own sweet time to market remaining 370 units over the next 2 years still huat ah� �

�

Edited by Wt_know, 15 September 2014 - 02:12 PM.

hahaha ... only 128 can afford highline ma ... no more people buy liao

even can find another 128 (phase 2) + 128 (phase 3) buyers ... still got 116 units to choose ... but the remaining 116 units shoud be the super duper expensive one ... LOL

just kidding only la ... i can never afford highline

�

�

�

can lah, 2 years later maybe price will become $1,200 psf

More owners of luxury condos selling at a loss

Yields also under pressure; low rentals leave more people struggling to pay mortgages

�

[SINGAPORE] A larger percentage of high-end luxury condo homes on the resale market are selling at a loss and a smaller percentage at a profit, as the tide of the once-rosy property market recedes and reveals those who have been "swimming naked" - that is, those without adequate holding power for their extravagant purchases.

�

According to data compiled by STProperty.sg from URA Realis, 7 per cent of transacted units in the prime districts 9, 10 and 11 sold at a loss in the first eight months of this year, up from 5.5 per cent over the same year-ago period.

�

Fewer people are profiting from their resales too: only 62.2 per cent enjoyed any capital gains - a steep drop from 83.5 per cent a year ago. And 4.5 per cent sold without making a profit or a loss (versus 0.4 per cent a year ago).

�

Yields are also under pressure. The low-rental environment is leaving more owners struggling to repay their mortgages. Assuming a S$1.6 million loan (equivalent to an 80 per cent loan limit for a S$2 million property) is taken out at an annual 1.5 per cent interest rate over a 30-year tenure, this would amount to a monthly mortgage of S$5,500. Rentals would therefore have to be in excess of this to cover mortgage payments.

�

"In some cases, the monthly rental cannot cover the mortgage. Take a S$5 million Sentosa Cove condo: it would take a monthly rent of S$13,800 to cover your loan," said Christine Li, head of research and consultancy at OrangeTee.

�

"That said, it's quite common that rents cannot cover monthly instalments, especially for bigger units. But those who don't have holding power would have to let go of their units. Others may be forced to do mortgagee sales," she added.

�

But not all the sellers who were willing to stomach losses were over-leveraged. Some could simply want to exit the market because they don't see the cooling measures ending anytime soon (meaning, they expect that price recovery is still far off), or just as a way of rebalancing their overall portfolio.

�

"A large proportion of purchases in the prime districts are by foreigners; perhaps they are just pulling out of Singapore. But the fall in demand for private homes makes it harder for sellers to find buyers. So if they really need to sell, they will have to lower their prices significantly," said Lee Lay Keng, DTZ's Southeast Asia regional head of research.

�

Investors would also have bought into high-end properties in major cities in the US, Europe and Australia, where there have been exciting properties launched in recent years, RST Research director Ong Kah Seng said.

�

In all likelihood, despite pulling out of Singapore, they might have profited elsewhere as other countries saw an uptick in residential property prices after the global financial crisis.

�

Meanwhile, loan curbs and price cutting by developers at new condo launches also continue to sap strength from the resale market.

�

Condo homes in the prime districts 9 (Orchard Road, River Valley), 10 (Bukit Timah, Holland, Balmoral) and 11 (Novena, Newton, Thomson) have traditionally been purchased as investment homes for capital gains and rental yields.

�

Buyers bank on demand from expatriate lessees, most of whom enjoy staying near the city. But with corporate housing budgets having shrunk post-financial crisis, these foreign workers are moving instead to the city fringes and suburbs, with some even renting HDB flats.

�

Losses made in resale transactions from January to August 2014 range from S$9,300 for a unit at The Hillier in Bukit Timah, to S$2.06 million for a unit at St Regis Residences in Tanglin. The latter was purchased at S$6.8 million in 2007, and sold for S$4.7 million in April this year.

Four units at The Promont (at Cairnhill), St Thomas Suites (near River Valley), Tanglin View and Waterscape At Cavenagh also resold at considerable losses of S$800,000 to S$1.2 million each (see table).

�

Notably, there were also four units at Robinson Suites on Shenton Way which resold at losses of about S$300,000.

�

Many of the loss-making resale transactions from the first eight months of this year were from sellers who bought their units in 2007, in the run-up to the previous peak in property prices and just when the financial crisis was starting.

�

Prices of these prime-location condos have recovered since, but dipped back down slightly from 2012 due to cooling measures. As at Q2 2014, prices were roughly on a par with the previous peak in 2008.

This means that not only would buyers who picked up condo units fresh at launch in 2007 not enjoy much capital gains, they may also suffer a loss if they sell now.

�

While analysts expect the trend of loss-making resale transactions to continue, they say it is unlikely to worsen significantly as long as economic conditions - such as low unemployment and interest rates - remain favourable.

�

http://www.businesst...g-loss-20140915

�

Edited by Sabian, 15 September 2014 - 04:12 PM.

�

�

to S$2.06 million for a unit at St Regis Residences in Tanglin. The latter was purchased at S$6.8 million in 2007, and sold for S$4.7 million in April this year.

�

Edited by Mockngbrd, 15 September 2014 - 08:19 PM.

wah this one cut loss $9.3k, which is better than holding the baby ... lol

a quick check propertyguru ... 2br 840sqft $1.2-$1.3M ... jin ho jiak

�

S$9,300 for a unit at The Hillier in Bukit Timah

Edited by Wt_know, 15 September 2014 - 08:50 PM.

wah this one cut loss $9.3k, which is better than holding the baby ... lol

a quick check propertyguru ... 2br 840sqft $1.2-$1.3M ... jin ho jiak

�

�

wah so cheap ah� [laugh]

Wooooooooo

Drop so much of course expect to pick up lah, wah lau eh

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 34

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