�
you're making agents selling 'prime' jurong east condos very nervous
But those are very very prime, confirm high rental!
Buyers aplenty, not scared one lah
But those are very very prime, confirm high rental!
Buyers aplenty, not scared one lah
�
this one not many buyers
�
12 villas for you to choose
�
I am sure you can negotiate for more than 5% discount
�
�
BRAND NEW
Each villa on Pearl Island comprises two storeys in addition to a roof terrace and basement. Absolute prices vary from about $14.3 million to $25.5 million per villa. - PHOTOS: ARTHUR LEE
- �
- 1 of 2
- �
XIMENG Land, controlled by mainland China parties, is relaunching the balance 12 luxury villas on Pearl Island in Sentosa Cove at $2,185 psf on land area. The price is inclusive of a 5 per cent discount to the $2,300 psf list prices for the units. A year ago, the developer's asking price was $2,400 psf.
Absolute prices vary from about $14.3 million to $25.5 million per villa. Pearl Island is one of the five man-made islands in the upscale waterfront housing district.
"These are the last remaining brand-new luxury villas in the island developments in Cove, fully fitted and ready for occupation," said Steve Tay, associate director at Newsman Realty, which was last month appointed sole marketing agent for the villas.
Since 2010, Ximeng has sold seven of the project's 19 villas at prices ranging from $1,904 psf to $2,228 psf on land area. The buyers comprise Singaporeans, Indonesians and mainland Chinese. The seven units sold include two adjacent units bought by members of the Liu family that controls Ximeng Land. One was purchased for $17.1 million or $1,904 psf on land and the other, for $19.5 million or $1,906 psf. The highest absolute price achieved for the seven sold units was $27 million (translating to $2,162 psf), for a bungalow on 12,486 sq ft of land - the biggest of Pearl Island's 19 villas.
The project received Temporary Occupation Permit in the first half of 2012. The villas sit on plots ranging from 6,555 sq ft to 12,486 sq ft and with total floor areas (including roof terrace) of between 8,000 sq ft and 11,000 sq ft. Each villa comprises two storeys in addition to a roof terrace and basement. All four levels are accessible by a private home lift.
The bungalows have five to seven bedrooms with en-suite bathrooms.
The basement of each unit houses a lounge and wine cellar, and semi-open garden in addition to a concealed utility area, a maid's room and toilet. The top floor houses an entertainment room with powder room and a roof terrace. Each villa is built with wet and dry kitchens fitted with Miele refrigerators, wine chiller, ovens and cooker hoods/hobs. Big imported marble tiles cover the floors of the living, dining and bathrooms. Stairs also have marble slabs.
Each villa has its own private berth (imported from France) and swimming pool.
Ximeng Land is owned by the majority shareholders of Ximeng Asset Holdings Co, the parent company of Beijing Ximeng Real Estate Co, a developer of luxury building projects in Beijing, Yantai and Jinan, according to a December 2007 news release issued by Sentosa Cove Pte Ltd announcing the award of Pearl Island to Ximeng Land.
A company search of Singapore-incorporated Ximeng Land (S) Pte Ltd listed its shareholders as Liu Yangang, Liu Yanguo and Liu Yanqiang, all Chinese citizens based in Beijing.
Ximeng Land was awarded the 99-year leasehold site in late 2007 for $215.65 million, or $1,350 psf on its land area of 159,740 sq ft.
Mr Tay said that of the 12 units at Pearl island that have yet to be sold, four are under negotiation while one has been sold pending approval from the Land Dealings (Approval) Unit. He also revealed that talks are under way with a "very prominent" European family to buy up to five villas.
Sentosa Cove is the only place in Singapore where foreigners who are not Singapore permanent residents (PRs) may buy a landed home, though this is subject to LDAU's nod. A foreigner, whether a PR or not, is allowed to buy only one landed residential property on Sentosa Cove, which must be for owner occupation and cannot be rented out. The one landed property limit is on a per-family basis, including economically dependent children. Thus, if a non-Singaporean couple already owns a landed home in Sentosa Cove, their non-Singaporean children who are still studying and not economically independent would not qualify to buy another landed property in Sentosa Cove. The same treatment applies to grandchildren. However, grown-up children/grandchildren who are economically independent from their parents/grandparents may apply to buy their own landed home on Sentosa Cove.
The Sentosa Cove bungalow market is experiencing a dry patch. CBRE's analysis of URA Realis caveats data shows that there has been just one caveat lodged for a bungalow on Sentosa Cove so far this year. BT understands that the deal may not have gone through.
Last year, there were 18 bungalow transactions totalling $367 million. The average price works out to $20.16 million per transacted bungalow and $2,096 psf on land area. In 2012, 23 properties were transacted at a total of $461 million - with an average price of $20.5 million per transacted bungalow and $2,164 psf.
Samuel Eyo, director (prestige homes) at Savills (Singapore), said a major bug-bear among foreign buyers was the high transaction cost - 18 per cent in total buyer's stamp duties (the 3 per cent regular stamp duty plus 15 per cent additional buyer's stamp duty). "And if these investors have to exit within a year, they're staring at 16 per cent seller's stamp duty - regardless of whether they make a profit or loss. So total transaction taxes could be as high as 34 per cent. On a $20 million bungalow purchase on Cove, that would amount to $6.8 million!"
"Such UHNW investors will always compare Singapore against other markets," he added.
Highlighting that LDAU approval cannot be taken for granted - Mr Tay let on that earlier this year Ximeng Land had granted an option for a villa at Pearl Island but LDAU turned down the proposed non-PR foreign buyer's application.
The difficulty in finding genuine and motivated sellers has also caused a dearth of bungalow deals on Sentosa Cove lately. "Some owners are calling for high prices as they remain positive on the potential of Sentosa Cove. Don't forget: We are looking at a limited number of only about 300 bungalows in this luxury enclave, where PRs and foreigners can buy," said Mr Tay.
Despite the current dry spell in bungalow deals on Sentosa Cove, Mr Tay is confident of selling out all 12 remaining villas on Pearl Island by year-end, given the attractive discounts by the developer.
{C} {C}
yeah ... any J Gateway resident would be very concerned if there are growing medical tourist checking in-out
�
�
you're making agents selling 'prime' jurong east condos very nervous
�
�
MM units being rented out is one thing.
�
Here we are talking about short term rental which is illegal.
Yup, i am talking about both.
yeah ... any J Gateway resident would be very concerned if there are growing medical tourist checking in-out
�
�
No lah, why concerned.
They buy with eyes wide open lah
�
this one not many buyers
�
12 villas for you to choose
�
I am sure you can negotiate for more than 5% discount
�
�
Sentosa Cove villas relaunched at a discount
1. I cant afford it
2. I dont buy 99yr leasehold landed in Singapore
haha that development at novena? Built by Far East... The hotel also by Far East if I'm not wrong
�
vista residences?
�
this one not many buyers
�
12 villas for you to choose
�
I am sure you can negotiate for more than 5% discount
�
�
Sentosa Cove villas relaunched at a discount
Developer Ximeng Land giving 5% discount for remaining 12 luxury villas on Pearl Island
By
Kalpana Rashiwala
.com.sg' title="E-mail Link" class="bbc_email">kalpana.com.sg �
print�|email this article
BRAND NEW
Each villa on Pearl Island comprises two storeys in addition to a roof terrace and basement. Absolute prices vary from about $14.3 million to $25.5 million per villa. - PHOTOS: ARTHUR LEE
- �
1 of 2- �
�
XIMENG Land, controlled by mainland China parties, is relaunching the balance 12 luxury villas on Pearl Island in Sentosa Cove at $2,185 psf on land area. The price is inclusive of a 5 per cent discount to the $2,300 psf list prices for the units. A year ago, the developer's asking price was $2,400 psf.
Absolute prices vary from about $14.3 million to $25.5 million per villa. Pearl Island is one of the five man-made islands in the upscale waterfront housing district.
"These are the last remaining brand-new luxury villas in the island developments in Cove, fully fitted and ready for occupation," said Steve Tay, associate director at Newsman Realty, which was last month appointed sole marketing agent for the villas.
Since 2010, Ximeng has sold seven of the project's 19 villas at prices ranging from $1,904 psf to $2,228 psf on land area. The buyers comprise Singaporeans, Indonesians and mainland Chinese. The seven units sold include two adjacent units bought by members of the Liu family that controls Ximeng Land. One was purchased for $17.1 million or $1,904 psf on land and the other, for $19.5 million or $1,906 psf. The highest absolute price achieved for the seven sold units was $27 million (translating to $2,162 psf), for a bungalow on 12,486 sq ft of land - the biggest of Pearl Island's 19 villas.
The project received Temporary Occupation Permit in the first half of 2012. The villas sit on plots ranging from 6,555 sq ft to 12,486 sq ft and with total floor areas (including roof terrace) of between 8,000 sq ft and 11,000 sq ft. Each villa comprises two storeys in addition to a roof terrace and basement. All four levels are accessible by a private home lift.
The bungalows have five to seven bedrooms with en-suite bathrooms.
The basement of each unit houses a lounge and wine cellar, and semi-open garden in addition to a concealed utility area, a maid's room and toilet. The top floor houses an entertainment room with powder room and a roof terrace. Each villa is built with wet and dry kitchens fitted with Miele refrigerators, wine chiller, ovens and cooker hoods/hobs. Big imported marble tiles cover the floors of the living, dining and bathrooms. Stairs also have marble slabs.
Each villa has its own private berth (imported from France) and swimming pool.
Ximeng Land is owned by the majority shareholders of Ximeng Asset Holdings Co, the parent company of Beijing Ximeng Real Estate Co, a developer of luxury building projects in Beijing, Yantai and Jinan, according to a December 2007 news release issued by Sentosa Cove Pte Ltd announcing the award of Pearl Island to Ximeng Land.
A company search of Singapore-incorporated Ximeng Land (S) Pte Ltd listed its shareholders as Liu Yangang, Liu Yanguo and Liu Yanqiang, all Chinese citizens based in Beijing.
Ximeng Land was awarded the 99-year leasehold site in late 2007 for $215.65 million, or $1,350 psf on its land area of 159,740 sq ft.
Mr Tay said that of the 12 units at Pearl island that have yet to be sold, four are under negotiation while one has been sold pending approval from the Land Dealings (Approval) Unit. He also revealed that talks are under way with a "very prominent" European family to buy up to five villas.
Sentosa Cove is the only place in Singapore where foreigners who are not Singapore permanent residents (PRs) may buy a landed home, though this is subject to LDAU's nod. A foreigner, whether a PR or not, is allowed to buy only one landed residential property on Sentosa Cove, which must be for owner occupation and cannot be rented out. The one landed property limit is on a per-family basis, including economically dependent children. Thus, if a non-Singaporean couple already owns a landed home in Sentosa Cove, their non-Singaporean children who are still studying and not economically independent would not qualify to buy another landed property in Sentosa Cove. The same treatment applies to grandchildren. However, grown-up children/grandchildren who are economically independent from their parents/grandparents may apply to buy their own landed home on Sentosa Cove.
The Sentosa Cove bungalow market is experiencing a dry patch. CBRE's analysis of URA Realis caveats data shows that there has been just one caveat lodged for a bungalow on Sentosa Cove so far this year. BT understands that the deal may not have gone through.
Last year, there were 18 bungalow transactions totalling $367 million. The average price works out to $20.16 million per transacted bungalow and $2,096 psf on land area. In 2012, 23 properties were transacted at a total of $461 million - with an average price of $20.5 million per transacted bungalow and $2,164 psf.
Samuel Eyo, director (prestige homes) at Savills (Singapore), said a major bug-bear among foreign buyers was the high transaction cost - 18 per cent in total buyer's stamp duties (the 3 per cent regular stamp duty plus 15 per cent additional buyer's stamp duty). "And if these investors have to exit within a year, they're staring at 16 per cent seller's stamp duty - regardless of whether they make a profit or loss. So total transaction taxes could be as high as 34 per cent. On a $20 million bungalow purchase on Cove, that would amount to $6.8 million!"
"Such UHNW investors will always compare Singapore against other markets," he added.
Highlighting that LDAU approval cannot be taken for granted - Mr Tay let on that earlier this year Ximeng Land had granted an option for a villa at Pearl Island but LDAU turned down the proposed non-PR foreign buyer's application.
The difficulty in finding genuine and motivated sellers has also caused a dearth of bungalow deals on Sentosa Cove lately. "Some owners are calling for high prices as they remain positive on the potential of Sentosa Cove. Don't forget: We are looking at a limited number of only about 300 bungalows in this luxury enclave, where PRs and foreigners can buy," said Mr Tay.
Despite the current dry spell in bungalow deals on Sentosa Cove, Mr Tay is confident of selling out all 12 remaining villas on Pearl Island by year-end, given the attractive discounts by the developer.
{C} {C}
Well done! 19 villas, 7 sold, including 2 to own family.
I expect prices to hit easily $1800psf for such developments before sales truly move.
just need 1 case or scandal to shake the room ...
very sad the authority only act when something happen
not long ago there was a learning centre rent a landed property and use it as accomodation for student for short term study in spore ... and give lame excuses of relatives and friends
Edited by Wt_know, 25 May 2014 - 07:05 PM.
all these flouting rental rule is a time bomb waiting to explode
just need 1 case or scandal to shake the room ...
Yah, just jail the owner 3days with 5xrental collected fine, can already. Problem solved.
Hhhhmmmm, was thinking, in an upswinging market, will prices constantly be reduced?
Or are we not on the uptrend anymore???
*horrors*
*spine chilling music*
I think a realistic price now is $1350psf for that.
Porker will probably offer only $950psf
Edited by Throttle2, 26 May 2014 - 09:10 AM.
and pay cash ... take it or leave it ...
![[:)]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uFl0hYGz-s0C8tlPVeuweiqLROcSuucCk0rlcuvQSRBjjl2vBnv7t9GkCFugX_eDLRnWGhNRZmcpzrjbCtYHPfMENVegbQelhFjrpAahdaQ_hYcUNcm1vbxZrQ0f8QIs4QckjwXg=s0-d)
�
Was offered D10 penthouse a month ago at $1560psf, then became $1500psf, then now $1460psf
Hhhhmmmm, was thinking, in an upswinging market, will prices constantly be reduced?
Or are we not on the uptrend anymore???
*horrors*
*spine chilling music*
I think a realistic price now is $1350psf for that.
Porker will probably offer only $950psf
�
Was offered D10 penthouse a month ago at $1560psf, then became $1500psf, then now $1460psf
Hhhhmmmm, was thinking, in an upswinging market, will prices constantly be reduced?
Or are we not on the uptrend anymore???
*horrors*
*spine chilling music*
I think a realistic price now is $1350psf for that.
Porker will probably offer only $950psf
�
depends le .. how much terrace etc? if 10% of the property, then even 1400 still decent.
but if outdoor area is more like 15-20% or more, than the psf should be lower than your 1350 also
�
depends le .. how much terrace etc? if 10% of the property, then even 1400 still decent.
but if outdoor area is more like 15-20% or more, than the psf should be lower than your 1350 also
Dont know leh, dude...
I wasnt bothered even to ask.
Every sms i received, the asking price just kept on dropping.
But dont be so bad lah.
Pang chan a bit, $1350psf walking distance to botanic gardens is ok price lah............for now that is...
Heehee
Dont know leh, dude...
I wasnt bothered even to ask.
Every sms i received, the asking price just kept on dropping.
But dont be so bad lah.
Pang chan a bit, $1350psf walking distance to botanic gardens is ok price lah............for now that is...
Heehee
�
aiya, this is not the time to pang chan la! 2010-2013 sellers/develoeprs whack everyone ...
it cant be cyclical if they dont get whacked back
what do you think of OCR 999LH at the price of 99LH $psf?
999LH is as good as FH .... ?
�
http://www.propertyg...5/for-sale-espa
�
http://www.propertyg...4/for-sale-espa
Edited by Wt_know, 26 May 2014 - 09:48 AM.
It really depends on how many years are left on the 999LH.
�
Most of the 999LH properties today have around 850 to 880 years left on the tenure. The remaining tenure for these is good enough for more than 10 generations.�
�
There are exceptions to this as I have come across properties with _only_ 600 plus years remaining.�
�
To get a better idea of how a decreasing balance lease affects the value of a leasehold property, you may wish to take a look at:
�
http://www.sla.gov.s...18 Jul 2007.pdf
�
Although the table shows a valuation based on comparison of 99LH balance lease as a percentage of FH, it should not be hard to extrapolate that to a 999LH property.
�
One interesting aspect to note is that the depreciation is not linear i.e. as the balance lease reduces to 0, the fall per year in remaining value with respect to FH increases.
�
Applying this model to a 999LH vs FH comparison, it would mean that the fall per year in remaining value in the first 100 to 200 years of a 999LH property would be very small.
�
what do you think of OCR 999LH at the price of 99LH $psf?
999LH is as good as FH .... ?
�
http://www.propertyg...5/for-sale-espa
�
�
thanks OmOm
![[thumbsup]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_s5_38cFueVojyYOLTWXi6SpzUuikLaIskH1KPH1Rh9J2iZUVSgsuceQmwg50xSRzd0UtESgFu2ugCEKlzt4PMEJ6GqFH3FjZvVjYf0jB9K1eMO_ET4p3iKP6DYchN74Fzyz4xuzqWn=s0-d)
�
btw, some developer offer additional 7% ABSD discount if you have more than 1 property
if you don't there is no additional discount ... is this fair for first time buyer
to buyer who buy second property, this is as good as no ABSD ... no need to wait for ABSD to be removed liao?
�
anyway, i only interested on $psf after all simi early bird discount, vvip discount, absd discount, reno voucher, etc
Edited by Wt_know, 26 May 2014 - 10:14 AM.
thanks OmOm
�
btw, some developer offer additional 7% ABSD discount if you have more than 1 property
if you don't there is no additional discount ... is this fair for first time buyer
to buyer who buy second property, this is as good as no ABSD ... no need to wait for ABSD to be removed liao?
�
anyway, i only interested on $psf after all simi early bird discount, vvip discount, absd discount, reno voucher, etc
�
first they mark up 7% and then tell you they are giving you a discount. no free meal in SG when you look at the realty of the situation.
�
like i said previously, just give a cheque and see if they are hungry enough to accept your target offer. you think the number suits you, dont be afraid to write a cheque.
yeah ... any J Gateway resident would be very concerned if there are growing medical tourist checking in-out
�
�
�
no concerns there
�
they know what they are in for
�
otherwise why would the entire development be sold in just one day?�
Before any real price drop, foreigners already start to come back to SG?
�
how to have any meaningful price correction?
�
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�
�
�
�
The proportion of foreign buyers in the Singapore property market is on the rise following recent price falls, according to data published by CIMB in its�Cost of Livingsurvey.
The report, published yesterday, said: �Foreigners view Singapore as a good city to own a piece of property, but cited high property prices as their key deterrent. In a separate survey of foreigners not based in Singapore, 35 percent of the surveyed population believe that the biggest draw for investing in a property in Singapore is its infrastructure and security, with Singapore being seen as a clean and efficient city.�
�However, when asked what the main deterrent to buying a property was, the majority (83 percent) cited high property prices and softer outlook. Obviously, our survey also has some shortcomings as Indonesian tycoons or Middle Eastern tycoons are unlikely to take part in our survey.�
� It added that in reality, these views are also reflected in lower take-ups by both foreign and investment demand.�
�Foreign demand has fallen, now making up less than 10 percent of new sales compared to 15 percent two years ago. Investment demand has fallen as well, with upgraders making up more than 60 percent of new sales versus 50 percent two years ago.��
Just like locals, CIMB believes the expectation of falling prices is the main deterrent to buying properties now. Singapore remains fundamentally a good city to own a property and demand should be supportive when property prices fall to a reasonable level.�
It said: �In our view, that reasonable level is a 10-15 percent decline in the next two years. With the recent fall in property prices, we have already started to see the proportion of foreign buyers creeping up.�
�
drove to waterfront at faber... then promptly drove away...
Edited by Mockngbrd, 26 May 2014 - 11:41 AM.
drove to waterfront at faber... then promptly drove away...
�
Firstly personally I do not think it is a good time to buy. Downside risks far outweigh upside potential.
�
However if you are really determined to buy another property at this time, I am quite sure (with some negotiations) the developer will give you the additional 7% discount even if you do not already have an existing property.
�
You have the advantage as the buyer at the present moment. For most developers today, they are quite happy to let go at price levels with reduced profit margins (not at a loss yet).�
�
thanks OmOm
�
btw, some developer offer additional 7% ABSD discount if you have more than 1 property
if you don't there is no additional discount ... is this fair for first time buyer
to buyer who buy second property, this is as good as no ABSD ... no need to wait for ABSD to be removed liao?
�
anyway, i only interested on $psf after all simi early bird discount, vvip discount, absd discount, reno voucher, etc
�
Edited by OmOm, 26 May 2014 - 01:36 PM.
Price already dropped lah, when are you going to admit that?�
no concerns there
�
they know what they are in for
�
otherwise why would the entire development be sold in just one day?�
Before any real price drop, foreigners already start to come back to SG?
�
how to have any meaningful price correction?
�
�
�
�
�
Proportion of foreign buyers rises
�
May 23, 2014 - PropertyGuru.com.sg
�
������Comment����
�E-mail to friend����
�Bookmark & Share
�
The proportion of foreign buyers in the Singapore property market is on the rise following recent price falls, according to data published by CIMB in its�Cost of Livingsurvey.
The report, published yesterday, said: Foreigners view Singapore as a good city to own a piece of property, but cited high property prices as their key deterrent. In a separate survey of foreigners not based in Singapore, 35 percent of the surveyed population believe that the biggest draw for investing in a property in Singapore is its infrastructure and security, with Singapore being seen as a clean and efficient city.�
However, when asked what the main deterrent to buying a property was, the majority (83 percent) cited high property prices and softer outlook. Obviously, our survey also has some shortcomings as Indonesian tycoons or Middle Eastern tycoons are unlikely to take part in our survey.
It added that in reality, these views are also reflected in lower take-ups by both foreign and investment demand.�
Foreign demand has fallen, now making up less than 10 percent of new sales compared to 15 percent two years ago. Investment demand has fallen as well, with upgraders making up more than 60 percent of new sales versus 50 percent two years ago.�
Just like locals, CIMB believes the expectation of falling prices is the main deterrent to buying properties now. Singapore remains fundamentally a good city to own a property and demand should be supportive when property prices fall to a reasonable level.�
It said: In our view, that reasonable level is a 10-15 percent decline in the next two years. With the recent fall in property prices, we have already started to see the proportion of foreign buyers creeping up.
�
Secondly, you make it sound as though foreigners are now rushing in to grab properties....
Wahahahaha, very "agentic" sounding....
Dont be so common leh, i expect you to be steady steady MCF agent who can sing a different song, or at least a nicer song.....
And plse dont quote any research, report, analysis from propertyguru, they're all crap and one-sided.
Edited by Throttle2, 26 May 2014 - 01:46 PM.
It may be good to highlight the following instead:
�
Foreign demand has fallen, now making up less than 10 percent of new sales compared to 15 percent two years ago. Investment demand has fallen as well, with upgraders making up more than 60 percent of new sales versus 50 percent two years ago.
�
Risks are high, upside potential low. It does not make sense for anyone to get their feet wet today.�
�
Caveat Emptor...
�
If the buyer has been educated of the risks and decides to go in in spite of being told of the dangers, it is a fair deal and the buyer deserves it when he suffers a loss on the purchase.
�
However, if the buyer is sold a property by anyone on the premise that prices will keep going up and he is not advised of / ignorant of the risks, I think it is not fair to the buyer.
�
�
no concerns there
�
they know what they are in for
�
otherwise why would the entire development be sold in just one day?�
Before any real price drop, foreigners already start to come back to SG?
�
how to have any meaningful price correction?
�
�
�
�
�
�May 23, 2014 - PropertyGuru.com.sg��The proportion of foreign buyers in the Singapore property market is on the rise following recent price falls, according to data published by CIMB in its�Cost of Livingsurvey.
The report, published yesterday, said: �Foreigners view Singapore as a good city to own a piece of property, but cited high property prices as their key deterrent. In a separate survey of foreigners not based in Singapore, 35 percent of the surveyed population believe that the biggest draw for investing in a property in Singapore is its infrastructure and security, with Singapore being seen as a clean and efficient city.�
�However, when asked what the main deterrent to buying a property was, the majority (83 percent) cited high property prices and softer outlook. Obviously, our survey also has some shortcomings as Indonesian tycoons or Middle Eastern tycoons are unlikely to take part in our survey.�It added that in reality, these views are also reflected in lower take-ups by both foreign and investment demand.�
�Foreign demand has fallen, now making up less than 10 percent of new sales compared to 15 percent two years ago. Investment demand has fallen as well, with upgraders making up more than 60 percent of new sales versus 50 percent two years ago.��
Just like locals, CIMB believes the expectation of falling prices is the main deterrent to buying properties now. Singapore remains fundamentally a good city to own a property and demand should be supportive when property prices fall to a reasonable level.�
It said: �In our view, that reasonable level is a 10-15 percent decline in the next two years. With the recent fall in property prices, we have already started to see the proportion of foreign buyers creeping up.��
�
It may be good to highlight the following instead:
�
Foreign demand has fallen, now making up less than 10 percent of new sales compared to 15 percent two years ago. Investment demand has fallen as well, with upgraders making up more than 60 percent of new sales versus 50 percent two years ago.
�
Risks are high, upside potential low. It does not make sense for anyone to get their feet wet today.�
�
Caveat Emptor...
�
If the buyer has been educated of the risks and decides to go in in spite of being told of the dangers, it is a fair deal and the buyer deserves it when he suffers a loss on the purchase.
�
However, if the buyer is sold a property by anyone on the premise that prices will keep going up and he is not advised of / ignorant of the risks, I think it is not fair to the buyer.
�
�
�
In today's context, it is not so easy to hoodwink buyers. Everyone is screaming from forums to newspapers that price is falling. I don't think there is a large number of people who are not aware of the risks
�
In addition to the presence of CEA, which is ready to jail an agent who is misrepresenting
Price already dropped lah, when are you going to admit that?
Secondly, you make it sound as though foreigners are now rushing in to grab properties....
Wahahahaha, very "agentic" sounding....
Dont be so common leh, i expect you to be steady steady MCF agent who can sing a different song, or at least a nicer song.....
And plse dont quote any research, report, analysis from propertyguru, they're all crap and one-sided.
�
sorry for sounding like an agent, or quoting research,
�
but someone gotta play the devil's advocate, otherwise this thread too one-sided and boring�
Dont know leh, dude...
I wasnt bothered even to ask.
Every sms i received, the asking price just kept on dropping.
But dont be so bad lah.
Pang chan a bit, $1350psf walking distance to botanic gardens is ok price lah............for now that is...
Heehee
�
$1350psf can walk to botanic gardens(Dalvey?Cluny?), can share share the place?
Quite keen.
PM me ler.
Edited by L_club23, 26 May 2014 - 03:22 PM.
�
careful there, wait later after buying, it drops another 20% next month�
�
This is Cluny lor, not Pasir Ris, Kovan, Punggol et al...
drove to waterfront at faber... then promptly drove away...
�
Why? very quiet what. hehe.
�
This is Cluny lor, not Pasir Ris, Kovan, Punggol et al...
�
ok... looks like i am mistaken. i'd always though that cluny and all other D9,10,11 have been dropping like a rock whereas suburban low class residential has been holding up
�
seems like it is the other way round ah?
�
ok... looks like i am mistaken. i'd always though that cluny and all other D9,10,11 have been dropping like a rock whereas suburban low class residential has been holding up
�
seems like it is the other way round ah?
�
No, everything is dropping, just not 20% like you mentioned...
Your straw man kinda weak...
Edited by L_club23, 26 May 2014 - 03:46 PM.
yes, D9,10,11 prices are dropping ... Treasure Balmoral 48 units not even 1 unit sold
punggol, pasir ris, tampinese, sengkang, jurong are holding up because the price is mass market price ... $1100-$1200 ...
�
but for D9,10,11 to drop to $1350psf ... it's like Ferrari selling at bmw/merc/audi entry level price
if Treasure Balmoral drop to $1500psf ... i think sold out in 1 hour
�
�
ok... looks like i am mistaken. i'd always though that cluny and all other D9,10,11 have been dropping like a rock whereas suburban low class residential has been holding up
�
seems like it is the other way round ah?
�
Edited by Wt_know, 26 May 2014 - 03:56 PM.
yes, D9,10,11 prices are dropping ... Treasure Balmoral 48 units not even 1 unit sold
punggol, pasir ris, tampinese, sengkang, jurong are holding up because the price is mass market price ... $1100-$1200 ...
�
but for D9,10,11 to drop to $1350psf ... it's like Ferrari selling at bmw/merc/audi entry level price
if Treasure Balmoral drop to $1500psf ... i think sold out in 1 hour
�
�
�
the 1350 psf is penthouse price i think
�
$1350psf can walk to botanic gardens(Dalvey?Cluny?), can share share the place?
Quite keen.
PM me ler.
I didnt say it is going for $1350psf
I said a fair price now is $1350psf.
Unit size is 17xxsft asking $1460psf
Go do your own legwork lah.
My time is very expensive one you know
if Cluny Park $1350psf ? no need to talk ... rush down liao ...
sell backside also must buy ... just kidding ... lol
�
�
Well, 8-9 yrs ago , a 3000sft landed semi D at that area was about $2.5mil, i recall.
Last year, someone said that if Cluny Park launch sure fully sold.
Is it fully sold huh? Can someone clarify?
Edited by Throttle2, 26 May 2014 - 06:34 PM.
I didnt say it is going for $1350psf
I said a fair price now is $1350psf.
Unit size is 17xxsft asking $1460psf
Go do your own legwork lah.
My time is very expensive one you know
�
Should say "those tables aren't going to wipe themselves you know"
Yah lah, i wipe until blood sweat tears leh.....�
Should say "those tables aren't going to wipe themselves you know"
Hands all blistered and rough not like those fricking banker type who cant even pump his own car tyres........
Heee heee
Edited by Throttle2, 26 May 2014 - 06:39 PM.
You will be surprised at the number of people who have lemming-type tendencies where property investment is concerned.�
�
Misrepresentation is hard to prove, especially when it is not in writing. One man's word against another.
�
�
In today's context, it is not so easy to hoodwink buyers. Everyone is screaming from forums to newspapers that price is falling. I don't think there is a large number of people who are not aware of the risks
�
In addition to the presence of CEA, which is ready to jail an agent who is misrepresenting
�
sorry for sounding like an agent, or quoting research,
�
but someone gotta play the devil's advocate, otherwise this thread too one-sided and boring�
�
![[:(]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uIwPJdR2SEY8nC7xZTximPolytZ4Yw7jfLbul-TX6vLpLm81BFU9wgjtD9EaMQmJwTNxKnByymlX7ZNZW896L1vJ5dmOVDyIk8yoEPo7rPXMxBQU_1UJF5Nl1JEOPcLQHLcjs=s0-d)
Well, 8-9 yrs ago , a 3000sft landed semi D at that area was about $2.5mil, i recall.
Last year, someone said that if Cluny Park launch sure fully sold.
Is it fully sold huh? Can someone clarify?
Edited by Wt_know, 26 May 2014 - 06:59 PM.
I didnt say it is going for $1350psf
I said a fair price now is $1350psf.
Unit size is 17xxsft asking $1460psf
Go do your own legwork lah.
My time is very expensive one you know
�
If $1300 psf ++ for 8 Napier then not bad.
Not bad for you of course......wahahaha�
If $1300 psf ++ for 8 Napier then not bad.
Was offered D10 penthouse a month ago at $1560psf, then became $1500psf, then now $1460psf
Hhhhmmmm, was thinking, in an upswinging market, will prices constantly be reduced?
Or are we not on the uptrend anymore???
*horrors*
*spine chilling music*
I think a realistic price now is $1350psf for that.
Porker will probably offer only $950psf
Brother, I only choot lowball once in a while lah
![[laugh]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_v3TG1T6i6DayP0K3wvz_tdzOKwMdDYmjmZdr5zcCI_Q1xmbM9PD6DuOLpFOdovX3Sm3PyJKbEyeqaiDlEXo1JAMGnSE96MZ9W5JRY4zYcYL0du2i6ESJvUkBCUDaITZkW6qYyggQ=s0-d)
Brother, I only choot lowball once in a while lah
A few times already hor.... Wahaha
A few times already hor.... Wahaha
�
Got meh? I can't remember others except the Ewe Boon Rd condo
![[:p]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vZiESFWxFwmb-oSaltn7C3vcwB0kKtywakMmZm3Ab8_jbBWnSnrVs0ywUqfVCjsEHj9_UssSX9B3H747whXzmEy2v2hTlv6HaVUh22-p4bYOLV6bmtaSgwtl79kIojLK-yhSzGV2o=s0-d)
�
If $1300 psf ++ for 8 Napier then not bad.
�
an astute investor indeed,�
You will be surprised at the number of people who have lemming-type tendencies where property investment is concerned.�
�
Misrepresentation is hard to prove, especially when it is not in writing. One man's word against another.
�
�
�
on a serious note, you are right.�
�
wise to give a big discount off the face value of what an agent say. Including what i post here�
Well, 8-9 yrs ago , a 3000sft landed semi D at that area was about $2.5mil, i recall.
Last year, someone said that if Cluny Park launch sure fully sold.
Is it fully sold huh? Can someone clarify?
�
who? Someone from tuan sing holdings ah?
cea strict meh...stil alot of misleading ads....misleading abt hard facts, dun even wan to go into how they sell.
cea strict meh...stil alot of misleading ads....misleading abt hard facts, dun even wan to go into how they sell.
�
Consumers must first stand up and report.�
�
I have heard that many complaints to CEA are made by agents against agents�
�
Call you when you are on DNC? Throw flyer at your doorstep? All these can cause agent to be fined or lose their licence hor
calling T2 ... 5% ... ai mai? ![[sly]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uiXOKLih7M-yJlfSLlHp7nshOMxqmfkvuT8nD8yD2DPHaVh0wsW3tGzQR--jIBc08rIytdMabjP9wyxVUCxgM8QkC13FE1aqvW1WaP2YZT4VABtzM0NDh6crvoP46CmvaBl38=s0-d)
�
5% x $20M unit = $1M discount ... will anyone bite?
Sentosa Cove villas relaunced at 5% discount
�
Given the attractive discount, Tay is optimistic they will sell all the remaining 12 villas on Pearl Island by year end despite the current dry spell in bungalow deals on the upscale waterfront housing district.
�
Edited by Wt_know, 27 May 2014 - 03:46 PM.
wow wow wow 5% HUGE discount!
�
but please look closely... after discount it is $2,185 psf, about the same since it was launched
�
So.. another case of mark up then discount.. price is still the same, where is the drop? Good marketing tactic by developer
�
and so confident of his "discount".. want to sell out by this year, when he could only sell 7 units since 2010!�
�
Lol
wow wow wow 5% HUGE discount!
�
but please look closely... after discount it is $2,185 psf, about the same since it was launched
�
So.. another case of mark up then discount.. price is still the same, where is the drop? Good marketing tactic by developer
�
and so confident of his "discount".. want to sell out by this year, when he could only sell 7 units since 2010!�
�
Lol
�
aiya the best way is for the developers to learn a lesson now lo. want to price exclusivity, so let them be the exclusive holder until they cannot tahan anymore.
�
see how long they can hold. now many developers like FEO.
wow wow wow 5% HUGE discount!
�
but please look closely... after discount it is $2,185 psf, about the same since it was launched
�
So.. another case of mark up then discount.. price is still the same, where is the drop? Good marketing tactic by developer
�
and so confident of his "discount".. want to sell out by this year, when he could only sell 7 units since 2010!�
�
Lol
Actually they sold only 5 units. 2 units were kelong one, sold to family members....not counted
Actually they sold only 5 units. 2 units were kelong one, sold to family members....not counted
�
yeah, both were sold at $1,900 psf... looks like special discount is better than the relaunched discount sia
�
and now they are spreading rumours of some european family coming in to bulk purchase�
�
yeah, both were sold at $1,900 psf... looks like special discount is better than the relaunched discount sia
�
and now they are spreading rumours of some european family coming in to bulk purchase�
�
european also not stupid ... buy bulk means deep deep discount,
�
many in sg can buy bulk actually ... just that developer cant fathom going that low ... yet.
�
european also not stupid ... buy bulk means deep deep discount,
�
many in sg can buy bulk actually ... just that developer cant fathom going that low ... yet.
�
you are right, developers not willing to give the discount, at least for this year.
�
even just a miserly 20% discount also don't give..�
�
you are right, developers not willing to give the discount, at least for this year.
�
even just a miserly 20% discount also don't give..�
�
its always location, location, location
�
followed by
�
patience, patience, patience.
�
you are right, developers not willing to give the discount, at least for this year.
�
even just a miserly 20% discount also don't give..�
You can always lowball them or the private sellers. A lowball offer involves a historical low price + squeeze factor. The squeeze factor depends on how desperate the seller is and how much a Bastid you are muayhahahaha
You can always lowball them or the private sellers. A lowball offer involves a historical low price + squeeze factor. The squeeze factor depends on how desperate the seller is and how much a Bastid you are muayhahahaha
Yup as much as they can hang up to sell, buyer can lowball to buy.
Wahahahaha.
But i know you are king of lowball, scare to sell you things already...
I think there are 2 kind of property developer.. One kind that's huge and big like CDL and Far East or have certain financial strength where they can start selling the units way way before even starting to build.. Another kind is the small small no history type, where they can only use start selling their unit when TOP.. Treasure Maybe one of these type?yes, D9,10,11 prices are dropping ... Treasure Balmoral 48 units not even 1 unit sold
punggol, pasir ris, tampinese, sengkang, jurong are holding up because the price is mass market price ... $1100-$1200 ...
�
but for D9,10,11 to drop to $1350psf ... it's like Ferrari selling at bmw/merc/audi entry level price
if Treasure Balmoral drop to $1500psf ... i think sold out in 1 hour
�
�
I didnt say it is going for $1350psf
I said a fair price now is $1350psf.
Unit size is 17xxsft asking $1460psf
Go do your own legwork lah.
My time is very expensive one you know
�
Misintepreted your "Pang chan a bit, $1350psf walking distance to botanic gardens is ok price lah............for now that is..." to mean that you already got a offer as such lar.
�
Ya, kinda lazy lar, leverage on your expertise mah.
Edited by L_club23, 28 May 2014 - 01:00 AM.
I think there are 2 kind of property developer.. One kind that's huge and big like CDL and Far East or have certain financial strength where they can start selling the units way way before even starting to build.. Another kind is the small small no history type, where they can only use start selling their unit when TOP.. Treasure Maybe one of these type?
�
Developers can sell before TOP if they have prior track record can they can do this by hiring Directors (Board) with track record. Once they have proven their track record, it is just a matter of applying a Sale License from Comptroller of Housing after obtaining Building Plan approval from URA.
Yup as much as they can hang up to sell, buyer can lowball to buy.
Wahahahaha.
But i know you are king of lowball, scare to sell you things already...
�
No need to sell me anything lah. Just buy me a nice cigar like last time and we can enjoy over a few glasses of whiskey (Suntory Whiskey is very nice btw) heehee
�
Developers can sell before TOP if they have prior track record can they can do this by hiring Directors (Board) with track record. Once they have proven their track record, it is just a matter of applying a Sale License from Comptroller of Housing after obtaining Building Plan approval from URA.
�
No need to sell me anything lah. Just buy me a nice cigar like last time and we can enjoy over a few glasses of whiskey (Suntory Whiskey is very nice btw) heehee
�
lewinsky ... is that you??
hi stephen ... i feel you bro
now your neighbour unit is daily rate
next would be hourly rate .... you will see different tenant every hour ... lol
hg ave 7 ... is it evergreen park?
Attached Thumbnails
Edited by Wt_know, 28 May 2014 - 10:36 AM.
Want to buy this type of "condo" then what you expect?
cannot say like that la ... condo ... smelly smelly $1M leh
cannot say buy $1M condo expect tourist hotel or chicken farm next door right
not fair la like that
everyone must buy D10 condo at $4M at least?
�
Want to buy this type of "condo" then what you expect?
�
Edited by Wt_know, 28 May 2014 - 10:35 AM.
cannot say like that la ... condo ... smelly smelly $1M leh
cannot say buy $1M condo expect bangla/prc hotel or chicken farm next door right
not fair la like that
everyone must buy D10 condo at $4M at least?
�
�
�
The cost has nothing to do with it. Maybe I'm old-fashioned but to me condo is something you find in quiet private residential neighbourhoods or around town. Not something crammed together next to government housing in hdb estates.
Want to buy this type of "condo" then what you expect?
�
You'd expect the law to be adhered to...
Want to buy this type of "condo" then what you expect?
Heee heee heeee......
???????
�
The cost has nothing to do with it. Maybe I'm old-fashioned but to me condo is something you find in quiet private residential neighbourhoods or around town. Not something crammed together next to government housing in hdb estates.
Like Like Like!!!
cannot say like that la ... condo ... smelly smelly $1M leh
cannot say buy $1M condo expect tourist hotel or chicken farm next door right
not fair la like that
everyone must buy D10 condo at $4M at least?
�
�
Basically, what we mean is, there are Condos and there are "condos" lah
�
The cost has nothing to do with it. Maybe I'm old-fashioned but to me condo is something you find in quiet private residential neighbourhoods or around town. Not something crammed together next to government housing in hdb estates.
�
This type of post is bo beh zhao one
�
given that it is an atas place
�
i was surprised to see drunk half naked casually dressed angmo residents
�
peeing and vomiting in the toilets of MBFC near the F&B establishments
�
�
given that it is an atas place
�
i was surprised to see drunk half naked casually dressed angmo residents
�
peeing and vomiting in the toilets of MBFC near the F&B establishments
�
�
AMTK
�
Actually I don't understand why URA imposed this regulation. Who the f*ck are they to regulate what an owner does in his private property? The title deed to belongs to the owner and the owner can damn well do what he wants tio boh?
if "residential" can be turned into short term leasing (daily/weekly/monthly) .... hotel and service apartment can jiak sai liao ...
�
but to be fair to other residents, it is really annoying right if your neighbour unit turn into a hotel and have all kind of people come in and go, no? safety is another issue.
�
residential vs commercial ... it's a very clear line... isn't it
�
just like not anyone can turn their kitchen into a factory to make cake and pastry
but some already did selling cake and cookies online ... lol
�
Actually I don't understand why URA imposed this regulation. Who the f*ck are they to regulate what an owner does in his private property? The title deed to belongs to the owner and the owner can damn well do what he wants tio boh?
�
Edited by Wt_know, 28 May 2014 - 04:43 PM.
�
residential vs commercial ... it's a very clear line... isn't it
�
�
�
If its based on that then cannot even rent already? Renting is a form of commercial activity?
That one is Condo liao.
hmm .. you got a point there ... it's an open secret that MM with 1 room or 2 room is 99% bought to be let out ... commercially make money
�
but tenanted for a FT or family for 1-2 years and tenanted to strangers who can anyhoo book online for a couple of days and weeks still make a difference la
�
�i agree with your point ... commercial ... up front ... MM is already means commercial but that does not mean there is no individual who like to buy MM unit ... just like NY or Tokyo ... single or couple like to stay in MM or can only afford MM
�
If its based on that then cannot even rent already? Renting is a form of commercial activity?
�
Edited by Wt_know, 28 May 2014 - 04:47 PM.
hi stephen ... i feel you bro
now your neighbour unit is daily rate
next would be hourly rate .... you will see different tenant every hour ... lol
hg ave 7 ... is it evergreen park?
�
�
stephen is very heng liao lor
�
Dispute leads police to suspected brothel in East Coast condo
A dispute between a woman and her customer led to the busting of a suspected online prostitution syndicate. -AsiaOne
Thu, Oct 04, 2012
AsiaOne
Four women believed to be prostitutes in an online prostitution ring were nabbed by the police in an East Coast condominium unit on Wednesday.
According to Shin Min Daily News, the police were alerted when a dispute broke out between one of the women and a customer at about 1.45pm.
A witness, Madam Liu, 57, told the Chinese daily that the man, who looked to be in his 40s, barged out of the woman's front door saying that he would file a report against her.
She said that she had heard the pair arguing and saw a porcelain cup being thrown out of the unit's window.
When she opened her door to see what was going on, she saw the man leaving in a hurry. She also saw a woman dressed in lingerie standing at the door.
She told the paper that there were five women believed to be Chinese nationals living in the unit. They all appeared to be in their 20s.
Shin Min reported that the man came to know the woman through an online forum. After obtaining her contact details, he came to the condominium unit to engage her in sexual services. She had asked for $128 as a fee for her services, the paper said.
It is unclear what started the argument.
Madam Liu said that the police arrived shortly after the man left and knocked on the woman's front door for about 20 minutes before she answered the door.
Four women in the apartment were arrested about three hours later, after admitting to prostituting themselves over the internet.
All four women are described to be slender and have coloured hair. Among them, three are in Singapore on special passes.
�
Police arrest 4 women in suspected online prostitution ringClick on thumbnail to view (Photos: Shin Min)
Lunch peak hour
The neighbour who spoke to Shin Min also told the paper that five women had moved into the unit a month ago.
They were often seen bringing different men home, and had caused a great deal of discomfort among residents there.
After filing a complaint with the management, Madam Liu was told that the women would be asked to move out on October 6.
Madam Liu also added that the women often saw many customers between noon to 2pm and had good business during the lunch hour.
The women were often seen dressed in mini-skirts and would return to the apartment at around 5am everyday.
It was also not easy for others to peer into their apartment as the door was often closed. There was also a 2-metre sash in front of the door, obstructing the view of the unit from the outside.
The Chinese paper says the many residents of the condominium, which is guarded and has restricted access, have become infuriated by the presence of these women.
so buying a geylang "condo" or east coast "condo" makes no difference
�
chicken farm can infiltrate any condo including marina bay condo for high class operation if there is demand .... muahahaha
Edited by Wt_know, 28 May 2014 - 04:59 PM.
�
�
stephen is very heng liao lor
�
Dispute leads police to suspected brothel in East Coast condo
A dispute between a woman and her customer led to the busting of a suspected online prostitution syndicate. -AsiaOne
Thu, Oct 04, 2012
AsiaOneFour women believed to be prostitutes in an online prostitution ring were nabbed by the police in an East Coast condominium unit on Wednesday.
According to Shin Min Daily News, the police were alerted when a dispute broke out between one of the women and a customer at about 1.45pm.
A witness, Madam Liu, 57, told the Chinese daily that the man, who looked to be in his 40s, barged out of the woman's front door saying that he would file a report against her.
She said that she had heard the pair arguing and saw a porcelain cup being thrown out of the unit's window.
When she opened her door to see what was going on, she saw the man leaving in a hurry. She also saw a woman dressed in lingerie standing at the door.
She told the paper that there were five women believed to be Chinese nationals living in the unit. They all appeared to be in their 20s.
Shin Min reported that the man came to know the woman through an online forum. After obtaining her contact details, he came to the condominium unit to engage her in sexual services. She had asked for $128 as a fee for her services, the paper said.
It is unclear what started the argument.
Madam Liu said that the police arrived shortly after the man left and knocked on the woman's front door for about 20 minutes before she answered the door.
Four women in the apartment were arrested about three hours later, after admitting to prostituting themselves over the internet.
All four women are described to be slender and have coloured hair. Among them, three are in Singapore on special passes.
�
Police arrest 4 women in suspected online prostitution ring
Click on thumbnail to view (Photos: Shin Min)�
Lunch peak hour
The neighbour who spoke to Shin Min also told the paper that five women had moved into the unit a month ago.
They were often seen bringing different men home, and had caused a great deal of discomfort among residents there.
After filing a complaint with the management, Madam Liu was told that the women would be asked to move out on October 6.
Madam Liu also added that the women often saw many customers between noon to 2pm and had good business during the lunch hour.
The women were often seen dressed in mini-skirts and would return to the apartment at around 5am everyday.
It was also not easy for others to peer into their apartment as the door was often closed. There was also a 2-metre sash in front of the door, obstructing the view of the unit from the outside.
The Chinese paper says the many residents of the condominium, which is guarded and has restricted access, have become infuriated by the presence of these women.
�
all the men smart ... go during lunch time.
�
that way when asked by their wives, can claim had oyster or tacos for lunch.
�
not lying ma ... really had oyster .. just pink one ba ....
�
all the men smart ... go during lunch time.
�
that way when asked by their wives, can claim had oyster or tacos for lunch.
�
not lying ma ... really had oyster .. just pink one ba ....
�
renting a condo in cbd to cater to lunch crowd now!!!!!!!!
![[grin]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vkSj1YJTUxaElVbeHsK5nODYJzoh61IYbY52ZbCgioJ3WCWEpvcSj-lyd0rcQ7WeLqdSTZXb7LCWJBMJBY-Hb8xouaY0i0pMvsK1gYc5sTiyUJEi8lBDEOlwNdKCYwV2kfj3g=s0-d)
less competition for T2 to cherry pick D9,10,11
�
target move to hougang, sengkang, seletar and yio chu kang. please don't come to west leave a tiny pigeon hole for me and my family.
�
SINGAPORE: Residential properties in prime Singapore districts have become less popular with Indonesians investors, who are now focusing on cheaper apartments in outlying areas, real estate consultancy DTZ said on Tuesday (May 27).DTZ said fewer than one in five of homes purchased by Indonesian investors during the fourth quarter of 2013 and the first quarter of 2014 were in districts 9, 10 and 11.
This is down from an average of 32 per cent between the first quarter of 2011 and third quarter 2013.
Indonesian buyers have historically accounted for a large portion of foreign demand for homes in districts 9, 10 and 11, which cover the upmarket areas around Orchard Road, Tanglin, Bukit Timah and Holland Road.
Data from the first quarter of this year, however, showed greater Indonesian interest in outlying areas such as District 19 (Hougang and Sengkang) and District 28 (Seletar and Yio Chu Kang), DTZ said in a report.
DTZ said Singapore property remains an attractive option for Indonesian buyers, especially in light of the upcoming presidential elections in Indonesia in July.
They have, however, become increasingly price sensitive.
"Indeed, the majority, or 35 per cent, of units bought by Indonesian buyers in the first quarter cost S$1 million or less," DTZ said.
- CNA/kk
Edited by Wt_know, 29 May 2014 - 09:31 AM.
less competition for T2 to cherry pick D9,10,11
�
target move to hougang, sengkang, seletar and yio chu kang. please don't come to west leave a tiny pigeon hole for me and my family.
�
�
Soon, they will have reports on other nationalities, like China, etc..
�
And soon, or in fact, we are already seeing more of them in our heartlands now !
�
Don't be surprised the moment we open our door, our neighbour and the next neighbour are all FT :(
One of my rich indon clients has�already given up on Singapore for the time being and sold most of�his rental properties here, only keeping the "personal use" apartment at draycott. He's now looking at hong kong strangely enough, he buay song with all the additional taxes in Singapore.
�
On a more positive note, a close friend just signed papers on a resale penthouse unit in the balestier area for 270k below valuation.�Seller is local but apparently needs to cash out urgently, making a loss on his 2 mill initial purchase price. Next week I meet my friend for dinner and get the juicy details.
�
�
stephen is very heng liao lor
�
Dispute leads police to suspected brothel in East Coast condo
A dispute between a woman and her customer led to the busting of a suspected online prostitution syndicate. -AsiaOne
Thu, Oct 04, 2012
AsiaOneFour women believed to be prostitutes in an online prostitution ring were nabbed by the police in an East Coast condominium unit on Wednesday.
According to Shin Min Daily News, the police were alerted when a dispute broke out between one of the women and a customer at about 1.45pm.
A witness, Madam Liu, 57, told the Chinese daily that the man, who looked to be in his 40s, barged out of the woman's front door saying that he would file a report against her.
She said that she had heard the pair arguing and saw a porcelain cup being thrown out of the unit's window.
When she opened her door to see what was going on, she saw the man leaving in a hurry. She also saw a woman dressed in lingerie standing at the door.
She told the paper that there were five women believed to be Chinese nationals living in the unit. They all appeared to be in their 20s.
Shin Min reported that the man came to know the woman through an online forum. After obtaining her contact details, he came to the condominium unit to engage her in sexual services. She had asked for $128 as a fee for her services, the paper said.
It is unclear what started the argument.
Madam Liu said that the police arrived shortly after the man left and knocked on the woman's front door for about 20 minutes before she answered the door.
Four women in the apartment were arrested about three hours later, after admitting to prostituting themselves over the internet.
All four women are described to be slender and have coloured hair. Among them, three are in Singapore on special passes.
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Police arrest 4 women in suspected online prostitution ring
Click on thumbnail to view (Photos: Shin Min)�
Lunch peak hour
The neighbour who spoke to Shin Min also told the paper that five women had moved into the unit a month ago.
They were often seen bringing different men home, and had caused a great deal of discomfort among residents there.
After filing a complaint with the management, Madam Liu was told that the women would be asked to move out on October 6.
Madam Liu also added that the women often saw many customers between noon to 2pm and had good business during the lunch hour.
The women were often seen dressed in mini-skirts and would return to the apartment at around 5am everyday.
It was also not easy for others to peer into their apartment as the door was often closed. There was also a 2-metre sash in front of the door, obstructing the view of the unit from the outside.
The Chinese paper says the many residents of the condominium, which is guarded and has restricted access, have become infuriated by the presence of these women.
Wah lau spoil market
One of my rich indon clients has�already given up on Singapore for the time being and sold most of�his rental properties here, only keeping the "personal use" apartment at draycott. He's now looking at hong kong strangely enough, he buay song with all the additional taxes in Singapore.
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On a more positive note, a close friend just signed papers on a resale penthouse unit in the balestier area for 270k below valuation.�Seller is local but apparently needs to cash out urgently, making a loss on his 2 mill initial purchase price. Next week I meet my friend for dinner and get the juicy details.
penthouse unit below $2M ... where???
He said Balastier already....
Penthouse doesnt necessarily mean it's big and luxuriously.furnished.
Especially Balastier area, dont expect too much of the developments there.
At most one notch above Geylang.
One of my rich indon clients has�already given up on Singapore for the time being and sold most of�his rental properties here, only keeping the "personal use" apartment at draycott. He's now looking at hong kong strangely enough, he buay song with all the additional taxes in Singapore.
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On a more positive note, a close friend just signed papers on a resale penthouse unit in the balestier area for 270k below valuation.�Seller is local but apparently needs to cash out urgently, making a loss on his 2 mill initial purchase price. Next week I meet my friend for dinner and get the juicy details.
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smart guy coz HK already crash alot compared here thats y no foreigner wanna buy here now except singies
He said Balastier already....
Penthouse doesnt necessarily mean it's big and luxuriously.furnished.
Especially Balastier area, dont expect too much of the developments there.
At most one notch above Geylang.
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Yah should be around ah hood rd area, she's been renting a place there for a few years and previously mentioned she was looking at a�few units in the vicinity with the intention of buying for own stay. Don't ask me why but she likes the area.
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No details about the unit itself because we were msging, all I know is that it's got a 5m ceiling and the balcony "isn't too big or excessive, just nice".
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When she gets keys and settles reno i'll go kaypoh kaypoh.
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Yah should be around ah hood rd area, she's been renting a place there for a few years and previously mentioned she was looking at a�few units in the vicinity with the intention of buying for own stay. Don't ask me why but she likes the area.
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No details about the unit itself because we were msging, all I know is that it's got a 5m ceiling and the balcony "isn't too big or excessive, just nice".
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When she gets keys and settles reno i'll go kaypoh kaypoh.
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citrine issit? a little search in propguru n thats one of the cheapest condo there w big unit lol
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citrine issit? a little search in propguru n thats one of the cheapest condo there w big unit lol
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No idea, i didn't ask much because not really�my business. I'm sure it'll come up in conversation when we meet but I'm not going to specifically pry into it before then.
drove by the allgreen porject i thk called RV residence? wah so many units looks like gona TOP soon, the rental there sure xiao liao
tsunami of vacant units and depress rental ... huat ah!!!
no 30% discount no talk ...
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FOR a health check of the private residential market, an investor needed only to check out the sales at an upmarket condo project in Ang Mo Kio when it was relaunched recently.
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The developer attracted scores of buyers in a flat market - but only after slashing prices by 12 per cent.
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The discounting lends credence to the forecasts made by some property analysts that private residential prices may fall by between 10 and 15 per cent over the next two years.
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There are a range of issues feeding into this narrative, from both the supply and demand sides of the equation.
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On the demand side, Nomura analyst Sai Min Chow recently noted home buyers' waning appetite for mass market condos.
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She estimated that of the 12,200 unsold homes built on land sold by the Government since December 2011 - when the additional buyer's stamp duty (ABSD) was introduced to cool the buying fervour - 8,200 are in the suburban areas typically favoured by Housing Board (HDB) flat upgraders.
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But even in a worst-case scenario where all this inventory is sold at a 30 per cent discount to current prices, she thinks property developers' share prices will not be that badly affected.
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Some property shares would even be worth between 10 and 35 per cent more than their current levels, she calculated.
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Ms Sai's analysis suggests that property developers may not lose much sleep even if they have to slash prices to move units.
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But the same cannot be said of the legions of mum-and-dad investors who have sunk their life savings into a condo in the hope of achieving a higher return than the crumbs on offer at the banks.
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Their consolation must lie in the fact that home prices are holding up so far. In the first quarter, private home values slipped by only 1.3 per cent from the previous quarter, after sliding 0.9 per cent in the preceding three months.
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This seems to suggest a gradual correction is in the works rather than the more dramatic double- digit percentage drop analysts have been predicting.
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Still, worse may be to come. The big question for many is how the market is going to cope with the deluge of completed units coming onstream between now and 2016. That may, in turn, depend on how HDB home owners who have bought private units - either to move into or to rent out for investment income - will fare.
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This group of buyers has grown in importance over the years. In the fourth quarter of 2008, buyers with HDB addresses bought 255 new private homes. Two years later, in the fourth quarter of 2010, that number had jumped to 1,990.
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It then more than doubled to 4,046 units in the second quarter of 2012, even though the Government had imposed the ABSD. This may have been partly due to developers softening the blow by giving cash rebates on stamp duties.
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Then last year, property loan rules were tightened. A borrower's total monthly loan repayments now cannot exceed 60 per cent of his gross monthly income. But HDB owners took this in their stride as well, buying 1,200 new private homes in the first quarter of this year.
Let's consider the impact on the private rental market when these units bought by HDB owners are completed.
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Based on estimates provided by developers to the Urban Redevelopment Authority (URA), private housing completion may hit over 17,000 units this year - up from 13,150 completed last year and 10,329 in 2012. A further 48,000 units are scheduled to flood the market in the next two years.
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This increase in supply may depress rental growth in the private housing market.
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Rental statistics have not raised any alarm bells yet, with private residential rentals easing only 0.7 per cent quarter-on-quarter as at the end of March.
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However, tucked into a recent Savills residential property report was an observation that in the first quarter, the vacancy rate for completed units in the eastern region had almost doubled, from 3.4 per cent to 6.1 per cent.
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This, Savills, noted, was partly due to newly completed large projects such as Waterview on Tampines Avenue and The Shore Residences on Amber Road.
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If the trend from the eastern region is a gauge, vacancy rates will shoot up as more units are completed. This may cause rental yields to come under pressure, especially in the suburban areas favoured by HDB owners and where most condo completions will be.
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Private home owners renting out their suburban properties will also face competition from landlords renting out their HDB units.
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What may aggravate the problem is that landlords can no longer claim vacancy refunds on property taxes. So rather than cope with the various expenses of leaving a unit vacant, they may lower their rental expectations instead.
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A different problem may confront those wishing to sell their HDB flats and move into their new condos. In the past three years, the HDB has launched a massive 77,000 build-to-order flats (BTO) on the market to help to meet the demand for public housing.
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At the same time, HDB has allowed singles to buy new two- room flats in non-mature estates, and given second-timers a higher chance to ballot for a BTO flat.
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It has also introduced a three- year waiting period for new permanent residents before they can buy HDB resale flats.
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These measures have dampened demand for HDB resale flats. Resale transactions fell to just 18,100 last year from 25,094 in 2012 - the fewest since 1997.
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Mr Tan Tiong Cheng, chairman of property consultant Knight Frank, said the crunch may come when HDB owners get their keys to the large number of newly- built condos in locations such as Pasir Ris, Sengkang and Punggol. These areas are less likely to attract the expatriate tenants who offer better rental yields.
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Caught between a sub-par rental market and a lacklustre HDB resale market, these property owners may have some tough decisions to make.
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Edited by Wt_know, 02 June 2014 - 11:01 AM.
u can tell the mkt is bottoming when more pple here n other prop forums say stuff like:" crazy how can prices go up? are you mad to catch the falling knife now? things are really bad... etc etc".
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2-3yrs ago, it was" crazy how can prices down? are you mad to not buy now? things are really good... etc etc". LOL
the question is where is the bottom? hehehe
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u can tell the mkt is bottoming when more pple here n other prop forums say stuff like:" crazy how can prices go up? are you mad to catch the falling knife now? things are really bad... etc etc".
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2-3yrs ago, it was" crazy how can prices down? are you mad to not buy now? things are really good... etc etc". LOL
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the question is where is the bottom? hehehe
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Wait for bank's upward revision of interest rates. Credit is just too easy to secure right now.
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Wait for bank's upward revision of interest rates. Credit is just too easy to secure right now.
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i think Rainbowbiatch will like your new avatar very, very much.
I start to believe we have reached the supply for 6M population or more.
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eh how u kw?�
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cos i know u r a big fan of harvey .. hahaha
the question is where is the bottom? hehehe
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When you see many ppl in this forum aiming at the market, u know bottom is no where near. Haha...
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When you see many ppl in this forum aiming at the market, u know bottom is no where near. Haha...
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not that many la, only a handful of same ppl replying.
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i think Rainbowbiatch will like your new avatar very, very much.
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Muayhahahaha
Attached Thumbnails
knn the new condo near holland village rook rike chicken coop siol dam ugry. nowadays so many new condos rook rike sh!t.
knn the new condo near holland village rook rike chicken coop siol dam ugry. nowadays so many new condos rook rike sh!t.
Post pic leh, see how ugly
Post pic leh, see how ugly
Muayhahahaha
knn the new condo near holland village rook rike chicken coop siol dam ugry. nowadays so many new condos rook rike sh!t.
There is one condo located beside at CTE in between the two tunnel, very close to the CTE, called Water simi, don't think the unit facing the expressway can sleep!
knn the new condo near holland village rook rike chicken coop siol dam ugry. nowadays so many new condos rook rike sh!t.
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Is this it?
Loft at Holland?
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Thats Waterscape. 15 years ago, i offered to buy a unit facing the istana, there before it was enbloc.There is one condo located beside at CTE in between the two tunnel, very close to the CTE, called Water simi, don't think the unit facing the expressway can sleep!
Waterscape project After so many years of launch still many units unsold.
The construction literally stopped.
Thats Waterscape. 15 years ago, i offered to buy a unit facing the istana, there before it was enbloc.There is one condo located beside at CTE in between the two tunnel, very close to the CTE, called Water simi, don't think the unit facing the expressway can sleep!
Waterscape project After so many years of launch still many units unsold.
The construction literally stopped.
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Is this it?
Loft at Holland?
�01loft-at-holland.jpg
Wah sibey ugly
Thats Waterscape. 15 years ago, i offered to buy a unit facing the istana, there before it was enbloc.
Waterscape project After so many years of launch still many units unsold.
The construction literally stopped.
oh that project 15 years ago launched ah?�
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wah only this year then TOP, wonder why they still build the project
oh that project 15 years ago launched ah?�
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wah only this year then TOP, wonder why they still build the project
15yrs ago, it was an old walk up called Clemenceau Court.
Then that went enbloc and is now Waterscape.
Waterscape has been launched for about 2-3yrs based on my memory.
15yrs ago, it was an old walk up called Clemenceau Court.
Then that went enbloc and is now Waterscape.
Waterscape has been launched for about 2-3yrs based on my memory.
Oh I see
Seems like developers still have some units unsold yet
at the meantime, what's up accross the causeway ... RM$500k up RM$1M up RM$2M
developer can re-price $1.5M home to $2M liao ... huat ah!
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RM2m limit for Johor landed homes
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The ruler of the Malaysian state of Johor has backed plans for a new RM2 million ceiling for foreign buyers of landed property in the state.
The Sultan of Johor, Sultan Ibrahim Sultan Iskandar, said earlier this week that the current RM1 million limit is unsuitable for Johor. He also expressed his support for proposals to have what is described as an international housing zone to curb rising prices.
Johor's Housing and Chairman of the Local Government Executive Committee, Datuk Abd Latif Bandi, added that the proposed new limit would allow the state government to control sales of landed properties to foreign buyers.
He told reporters: "This, in turn, will protect the interests of local buyers as they will not have to compete with foreigners. I also agree that the ceiling price should be higher in Johor because of its proximity with Singapore.
"In Johor, we have to take into account that the price of land is higher and our proximity to Singapore means the demand for landed properties is also high. Local buyers also prefer to buy landed properties, so we must give priority to them."
Sultan Ibrahim said Johor was different from other states because of its proximity to Singapore, which is a developed country.
Sultan Ibrahim also said that it was vital for every property development to undergo an environmental impact assessment (EIA), but cautioned that such measures should not be used to halt projects unnecessarily.
According to recent data from the Monetary Authority of Singapore, Malaysia was the number one overseas buying destination for Singapore-based property investors during 2013 with just over 50 percent of all overseas transactions happening for Malaysian properties.
Edited by Wt_know, 04 June 2014 - 08:45 AM.
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yes unfortunately it looks worse in person plus all units face the busy main rd...
at the meantime, what's up accross the causeway ... RM$500k up RM$1M up RM$2M
developer can re-price $1.5M home to $2M liao ... huat ah!
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RM2m limit for Johor landed homes
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at the meantime, what's up accross the causeway ... RM$500k up RM$1M up RM$2M
developer can re-price $1.5M home to $2M liao ... huat ah!
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RM2m limit for Johor landed homes
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Give me free to live, i also hv to think thrice......
I pass....
Attached Thumbnails
Can someone translate the following please:
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---Quote---
Meanwhile, sales at the Commonwealth Towers improved slightly. Of the 400 units released, the 99-year leasehold development saw sales increase to more than 66 percent from 65 percent during its launch early last month.
---Unquote---
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So means they sold another 1-ish% (4-ish units) in the past month?
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