Becos developers can still trick those idiot buyers.
If i am developer, i would do the same.
All the hawkers do the same.
Less ingredients, but keep price flat, margins increase, whoooopeee!
Oldest trick in the book.
�
so golden question is when will the 'idiots' stop biting?�
seriously, i would choose EC over BTO as 1st timer or 2nd timer
buy camry sell lexus ... the profit is really unbelievable
i personally know a few success story who made $400k+ from EC
�
if can ... buy penthouse or dual key unit ... the profit is at least 1 fold
but now got many rules for penthouse (limit 160sqm) and dual-key (multi-generation)
�
think twice if u are thinking of going in now at $800+psf for EC..
�
In 5 yrs time, people might be able to buy a city fringe condo for the same price
�
and your holding will have to be much longer (very long if there is a sustained global financial shock & crisis)
�
And in the end, the long holding period will greatly erode your IRR
this one i agree ... the price is really runaway from reality liao
previously EC is really a money making machine
buy $500k-$600k ... sell $1M for the past few years ... sure sell
�
$800+psf for city fringe condo? you think so? i seriously don't think so.
even for OCR condo ... $800+ psf must be really ulu and far away from mrt
and now developer and agent where got say ulu one ... jurong west (lakeville) like city fringe liao
bishan is like the next best thing after orchard ... few stops mrt wor
and every piece of land in spore is like orchard > amk > toa payoh ....
coming soon bidadari, sungei tengah, paya lebar also don't what price liao
�
In 5 yrs time, people might be able to buy a city fringe condo for the same price
�
�
so golden question is when will the 'idiots' stop biting?�
�
think twice if u are thinking of going in now at $800+psf for EC..
�
In 5 yrs time, people might be able to buy a city fringe condo for the same price
�
and your holding will have to be much longer (very long if there is a sustained global financial shock & crisis)
�
And in the end, the long holding period will greatly erode your IRR
�
Edited by Wt_know, 25 April 2014 - 10:29 AM.
hdb will build a roof top swimming pool just like private condo and get a security guard to station down stairs of every block , the swimming pool would just be like the woodland case where the worker hid the maid body in water tank...ha ha
predict only ok.. dont be angry
Edited by frenchfly, 25 April 2014 - 11:19 AM.
I'd like to hear from experts here who are holding multiple properties. Do you have difficulties renting out your unit? Any rental depression?
I'd like to hear from experts here who are holding multiple properties. Do you have difficulties renting out your unit? Any rental depression?
�
not any expert of any kind but noticing that due to the rental increases over the last few years, its beginning to take its toll on said businesses. even the big guys aren't really being spared as rent is eating up a significant portion of revenue ...
�
at the moment, currently holding rent, or even giving discounts, to entice sitting tenants to stay.�
�
so golden question is when will the 'idiots' stop biting?�
�
think twice if u are thinking of going in now at $800+psf for EC..
�
In 5 yrs time, people might be able to buy a city fringe condo for the same price
�
and your holding will have to be much longer (very long if there is a sustained global financial shock & crisis)
�
And in the end, the long holding period will greatly erode your IRR
Very simple.
How many bullets does each of these buyers have.
Most likely case is that, they buy one and they will be out of the market.
Next, we look at the supply available the next few months and years.
Its gonna drown the market.....
Yes sure, our govt can do something and start removing some CMs along the way.
But if they have their game played right, it wont be anytime soon....
I'd like to hear from experts here who are holding multiple properties. Do you have difficulties renting out your unit? Any rental depression?
�
just access realis or squarefoot can see all the data liaoz. quite obvious
BTW, paid subscription of Realis can be access from public libraries
I'd like to hear from experts here who are holding multiple properties. Do you have difficulties renting out your unit? Any rental depression?
I think its not difficult yet but price depression , certainly.
I'd like to hear from experts here who are holding multiple properties. Do you have difficulties renting out your unit? Any rental depression?
My corporate tenant just renewed for 2 years. $200 increase. This is his second renewal. We have an amicable relationship.
It is a Northeast Asian company. The unit is in Marina Bay area.
For certain tenants, they feel that it's ok to pay a bit more to stay put because of the kam cheng.
For other tenants especially from certain countries, they want to scrimp and save every cent like its their life. So those will get depressed.
My corporate tenant just renewed for 2 years. $200 increase. This is his second renewal. We have an amicable relationship.
It is a Northeast Asian company. The unit is in Marina Bay area.
For certain tenants, they feel that it's ok to pay a bit more to stay put because of the kam cheng.
For other tenants especially from certain countries, they want to scrimp and save every cent like its their life. So those will get depressed.
Thats why prime area will always be prime area not like fake prime area being touted as real prime area.
Corporate tenants are usually good especially big multi nationals.
The HR related dep handle matters professionally and swiftly. My experience.
envisaged overall drop of 4-5% only, cry papa cry mama to lift up CM especially ABSD ...
![[thumbsdown]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_un89IymVsYN8AVkLi_NWVLVfdZHmkVXKeBPpKC_BhgjKWATHauH7Dr2ryPhZ6NkgNzfd-eE6R0I_APEYePMP9Ekzs1HU4QVcyq9t4PHOnkKq9CfwvgYx3mwZNr0sf6gTZU-3R4miKyuVvJ=s0-d)
�
Is it time to adjust the property curbs?�
According to PropNex, prices in the CCR are expected to fall by another 2 to 3 percent in the next 3 quarters this year, with an estimated 4 to 5 percent decline in 4Q14 y-o-y due to the higher absolute quantum and larger unit sizes compared to homes in the other regions.
�
RCR price decline could slow in the second half this year, with an overall decline of about 5 percent by 4Q14 y-o-y. However, this segment could be more resilient given its dual attributes of close proximity to the city centre and lower prices compared to the high-end new private homes in CCR.
�
For OCR, PropNex expects prices of mass market homes to fall by another 2 to 3 percent this year, with an estimated 3 percent decline in 4Q14 y-o-y. This is due largely to the moderation in HDB resale flat prices which would inevitably have an adverse impact on upgraders� purchasing power.
�
As long as borrowing costs stay low, the government is unlikely to reverse the earlier anti-speculation measures. With TDSR being a long-term instrument�and together with the ABSD, will continue dampen any speculative activity. Under such an environment, PropNex expects price weakness to persist. Assuming that current policies remain in force to year end, overall private home prices is envisaged to decline by about 4 to 5 percent in 2014 y-o-y.
�
�It may be timely to adjust some of the cooling measures�especially the ABSD, in order to ensure a sustainable growth of private property prices in the long term,� said Mr Mohd Ismail, CEO of PropNex Realty.
Edited by Wt_know, 25 April 2014 - 08:32 PM.
envisaged overall drop of 4-5% only, cry papa cry mama to lift up CM especially ABSD ...
�
�
LOL yah what a stupid idiot he is
![[sleeping]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vCXjy6Oy6Latoo7ap4frK_WAoMGDKK58VrCV8AMt6RYbJgRbM8aX5IiB1PXRAOTOrR7mwqkDr5V4EzhHv__dTk4JRgGMVjNyB1zwHoMMPbxPbEEqKrX_guNufJU6SRd9XUWow1yxQb=s0-d)
�
No chance of lifting ABSD this year.
Edited by Pmet, 25 April 2014 - 09:04 PM.
he wants continuous growth ...
property keep cheong cheong cheong non stop ... longgggggggggg term
price correction is no good for agent
less sale = less commission
lower sale price = lower commission
lower commission = lower total revenue
�
�It may be timely to adjust some of the cooling measures�especially the ABSD, in order to ensure a sustainable growth of private property prices in the long term,� said Mr Mohd Ismail, CEO of PropNex Realty.
Edited by Wt_know, 25 April 2014 - 09:09 PM.
When prices up up up, they shut up shut up shut up
When prices down down down
They frown frown frown
throttle met his match
�
�
�
source: mothership.sg
boy,he really loves his watches
Edited by frenchfly, 26 April 2014 - 04:25 PM.
AP+Millenary.jpg
�
�
source: mothership.sg
boy,he really loves his watches
Wow, he got so many fakes eh?
Wow, he got so many fakes eh?
maybe it the defence contractors that wanted him to approve the purchase, bought him the fakes.
must be ouch ... to throw a RM on the floor ... but again ... sup sup water for him la ... money no problem
maybe it the defence contractors that wanted him to approve the purchase, bought him the fakes.
Edited by Wt_know, 27 April 2014 - 01:10 PM.
hahaha ... it is hard to believe he wears fake la ... not 1 but so many tok kong watches
must be ouch ... to throw a RM on the floor ... but again ... sup sup water for him la ... money no problem
He realised that he kena already so he go mangga dua to buy a fake to throw on the floor.
Lets see if he continues to wear these fakes going forward.
The cameras will be clicking.
cut cut cut
�
Property developers pulling out the stops to boost sales
1 hr agoBy Channel NewsAsia Property developers pulling out the stops to boost sales
SINGAPORE: Some are giving big discounts, while others are going on marketing blitzes -- property developers are pulling out all the stops to boost sales which have been hit by cooling measures.
Statistics from the Urban Redevelopment Authority (URA) on Friday showed a 1.3 per cent decline in prices in the first quarter of this year. It is the largest drop since the second quarter of 2009, when prices fell by 4.7 per cent.
The Interlace condominium was launched in 2009 and some residents have since moved in.
However, the project by CapitaLand still has 183 unsold units as of March 2014.
Over at Whampoa East Road, the Eight Riversuites condominium has 205 unsold units. However, the 862-unit project was one of the top sellers last month, when it sold 44 units.
It was the project's highest sales volume in a single month since June 2013, when the government tightened property loan rules. Under the Total Debt Servicing Ratio framework, home buyers can only loan up to 60 per cent of his or her income.
The units were sold at a median price of about S$1,100 psf -- almost 20 per cent lower compared to when the project was first launched some two years back, when it was sold at S$1,340 psf.
Property watchers Channel NewsAsia spoke to said developers may be under pressure to cut prices in order to boost sales.
Nicholas Mak, executive director at SLP International Property Consultants, said: "If a certain residential project has been launched for quite some time and still has substantial unsold units, and this project is quite near to its completion date, the developers may be under some pressure to increase sales.
"Because if let's say the development is completed and there is still quite a number of unsold units, they (the developers) could also be facing competition from other developments that could be newly-launched in the vicinity."
Jones Lang LaSalle's national director of research and consultancy Ong Teck Hui said: "Since the TDSR was introduced in June 2013, the number of unsold units in launched private residential projects has increased significantly by 19 per cent from 5,243 units in Q2 2013 to 6,247 units in Q1 2014.
"This is reflective of the slower take-up of units at new sales launches, resulting in the build-up of unsold units."
Besides cutting prices, developers are also trying other tactics.
Sales for the Sky Habitat project at Bishan Street 15 picked up in April, after a marketing blitz. In a statement issued on Friday on its first quarter earnings, developer CapitaLand said 106 units were sold in April -- after more than six months of single-digit sales volume, according to URA's figures.
"Another strategy that some developers may embark on is to increase the sales commission for agents," Mr Mak added.
"For example, a one percentage point reduction may not be that attractive to buyers. However, if developers were to raise the commission by one percentage point of the price, that absolute amount will give a lot more incentive to the property agents to work harder in attracting buyers."
The competition is expected to intensify with close to 15,000 projects, including executive condominiums, set to be completed. This brings the total number of units to be completed in 2014 to almost 20,000 -- higher than the some 14,400 units in 2013.� - CNA/ac
�
nabei ... instead of giving a bigger discount to buyer ... the ultimate paymaster who need to slog 30 years for the condo
pay more $$ commission to agent to pressure/smoke/psycho buyer to buy?
�
"Another strategy that some developers may embark on is to increase the sales commission for agents," Mr Mak added."For example, a one percentage point reduction may not be that attractive to buyers. However, if developers were to raise the commission by one percentage point of the price, that absolute amount will give a lot more incentive to the property agents to work harder in attracting buyers."
Edited by Wt_know, 27 April 2014 - 10:08 PM.
Oh really? I thought property prices always on the rise one har? The agent told me one.cut cut cut
� Property developers pulling out the stops to boost sales
share
�
tweet
�
�
Property developers pulling out the stops to boost sales
SINGAPORE: Some are giving big discounts, while others are going on marketing blitzes -- property developers are pulling out all the stops to boost sales which have been hit by cooling measures.
Statistics from the Urban Redevelopment Authority (URA) on Friday showed a 1.3 per cent decline in prices in the first quarter of this year. It is the largest drop since the second quarter of 2009, when prices fell by 4.7 per cent.
The Interlace condominium was launched in 2009 and some residents have since moved in.
However, the project by CapitaLand still has 183 unsold units as of March 2014.
Over at Whampoa East Road, the Eight Riversuites condominium has 205 unsold units. However, the 862-unit project was one of the top sellers last month, when it sold 44 units.
It was the project's highest sales volume in a single month since June 2013, when the government tightened property loan rules. Under the Total Debt Servicing Ratio framework, home buyers can only loan up to 60 per cent of his or her income.
The units were sold at a median price of about S$1,100 psf -- almost 20 per cent lower compared to when the project was first launched some two years back, when it was sold at S$1,340 psf.
Property watchers Channel NewsAsia spoke to said developers may be under pressure to cut prices in order to boost sales.
Nicholas Mak, executive director at SLP International Property Consultants, said: "If a certain residential project has been launched for quite some time and still has substantial unsold units, and this project is quite near to its completion date, the developers may be under some pressure to increase sales.
"Because if let's say the development is completed and there is still quite a number of unsold units, they (the developers) could also be facing competition from other developments that could be newly-launched in the vicinity."
Jones Lang LaSalle's national director of research and consultancy Ong Teck Hui said: "Since the TDSR was introduced in June 2013, the number of unsold units in launched private residential projects has increased significantly by 19 per cent from 5,243 units in Q2 2013 to 6,247 units in Q1 2014.
"This is reflective of the slower take-up of units at new sales launches, resulting in the build-up of unsold units."
Besides cutting prices, developers are also trying other tactics.
Sales for the Sky Habitat project at Bishan Street 15 picked up in April, after a marketing blitz. In a statement issued on Friday on its first quarter earnings, developer CapitaLand said 106 units were sold in April -- after more than six months of single-digit sales volume, according to URA's figures.
"Another strategy that some developers may embark on is to increase the sales commission for agents," Mr Mak added.
"For example, a one percentage point reduction may not be that attractive to buyers. However, if developers were to raise the commission by one percentage point of the price, that absolute amount will give a lot more incentive to the property agents to work harder in attracting buyers."
The competition is expected to intensify with close to 15,000 projects, including executive condominiums, set to be completed. This brings the total number of units to be completed in 2014 to almost 20,000 -- higher than the some 14,400 units in 2013.� - CNA/ac
�
Buy quickly or else no more. Many places selling out very fast!
You mean Interlace after 5 yrs still available and at cheaper price?
You mean Sky habitat also and DLeedon too? And River8?? Which is riverside living??
And the median price dropped by 20%??!! Oh really? Its been less than 6mths leh...
How come? Weird, the agent said dropped max 5-10% why now already 20%?
Does it mean that those who bought a year or two ago, bang balls?
Havent even TOP, already lose money, aiyoh.. How come? How can?
So many available, can rent very good price or not? 5-6% can ?
So, This is bottom right? Should rush to buy ? Or will the thousands of units unlaunched be snapped up?
I am so so confused.......help! Help!
Edited by Throttle2, 28 April 2014 - 09:10 AM.
nabei ... instead of giving a bigger discount to buyer ... the ultimate paymaster who need to slog 30 years for the condo
pay more $$ commission to agent to pressure/smoke/psycho buyer to buy?
�
�
why u so angry?
�
it is the buyer's fault mah. So greedy, 1% discount also don;t want to bite. Must have 20% discount then jump in
�
so might as well give the 1% to agent who will work quadruplely harder to sell it to buyers ![[thumbsup]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vlLLiryD6mi98RUMPP4GEQQ1MpHh3NkvXb7JJwpEmuGsxIwdTTc41f7hWACUAyZwi98FnLUkgh-aEFj4Gpd6bxBNJlF7GHmaha-uPqWIOJzOlmv2tnz5610vSCVW_qZ1Q9vxeWwzEO=s0-d)
Oh really? I thought property prices always on the rise one har? The agent told me one.
Buy quickly or else no more. Many places selling out very fast!
You mean Interlace after 5 yrs still available and at cheaper price?
You mean Sky habitat also and DLeedon too? And River8?? Which is riverside living??
And the median price dropped by 20%??!! Oh really? Its been less than 6mths leh...
How come? Weird, the agent said dropped max 5-10% why now already 20%?
Does it mean that those who bought a year or two ago, bang balls?
Havent even TOP, already lose money, aiyoh.. How come? How can?
So many available, can rent very good price or not? 5-6% can ?
So, This is bottom right? Should rush to buy ? Or will the thousands of units unlaunched be snapped up?
I am so so confused.......help! Help!
�
�
why so confused?
�
Let me enlighten u!
�
true that property price is always on the rise. Wait and see after 10 yrs. If not higher, then wait 20 yrs. If not then 30 yrs. Will go up one!
�
No need to worry about all these unsold units. They are history. In sg, only new launch is King. Doesn't matter if development under construction beside is selling 20% lower, people will still wanna buy new launch hokay!
�
The unsold units can crash and burn but new launch pricing still the same. Eg jurong $1,300 psf also got many many people buy. Upcoming Yishun at $1,300 psf also will have many many people buy. And upcoming queenstown at $1,700 psf also will have many many people buy. nevermind u can get a D11 freehold for about the same price.
�
Last, please do not try to time the market bottom. Just buy now and hold, 10 , 20 , 30 yrs hosay liao. Sleep easy at night and strike it rich when you are old and dying
best advice ever ...
�
when you think it's expensive ... means you cannot afford ... forget it
when you think it's cheap ... other already whack and buy ... leftover "units no one wants" ... ie: face carpark, face� road, low floor, etc
�
Last, please do not try to time the market bottom. Just buy now and hold, 10 , 20 , 30 yrs hosay liao. Sleep easy at night and strike it rich when you are old and dying
�
�
Edited by Wt_know, 28 April 2014 - 09:36 AM.
Oh really? I thought property prices always on the rise one har? The agent told me one.
Buy quickly or else no more. Many places selling out very fast!
You mean Interlace after 5 yrs still available and at cheaper price?
You mean Sky habitat also and DLeedon too? And River8?? Which is riverside living??
And the median price dropped by 20%??!! Oh really? Its been less than 6mths leh...
How come? Weird, the agent said dropped max 5-10% why now already 20%?
Does it mean that those who bought a year or two ago, bang balls?
Havent even TOP, already lose money, aiyoh.. How come? How can?
So many available, can rent very good price or not? 5-6% can ?
So, This is bottom right? Should rush to buy ? Or will the thousands of units unlaunched be snapped up?
I am so so confused.......help! Help!
�
confused is good
�
confused means you have $$ to buy many properties for investment
�
unlike me, not confused and no need to be confused
�
because i can afford 1 cheap roof for my family
�
�
Edited by Enye, 28 April 2014 - 09:46 AM.
�
�
why so confused?
�
Let me enlighten u!
�
true that property price is always on the rise. Wait and see after 10 yrs. If not higher, then wait 20 yrs. If not then 30 yrs. Will go up one!
�
No need to worry about all these unsold units. They are history. In sg, only new launch is King. Doesn't matter if development under construction beside is selling 20% lower, people will still wanna buy new launch hokay!
�
The unsold units can crash and burn but new launch pricing still the same. Eg jurong $1,300 psf also got many many people buy. Upcoming Yishun at $1,300 psf also will have many many people buy. And upcoming queenstown at $1,700 psf also will have many many people buy. nevermind u can get a D11 freehold for about the same price.
�
Last, please do not try to time the market bottom. Just buy now and hold, 10 , 20 , 30 yrs hosay liao. Sleep easy at night and strike it rich when you are old and dying
The NEW UNITS of today will become the UNSOLD UNITS of yesterday , muayhahahah
The many people who bought, must really hold for 10, 20, 30 yrs now, muayhahaha
Ok, i will listen to you and continue to stay liquid, in case need to run road.
Edited by Throttle2, 28 April 2014 - 10:42 AM.
taken from CS�
Attached Thumbnails
Those who are buying investment properties in Singapore right now, kee chiu!
Edited by Throttle2, 28 April 2014 - 10:54 AM.
This report as good as no report. *yawn*
Those who are buying investment properties in Singapore right now, kee chiu!
�
Haha...you go showroom and ask this question, sure many ppl kee kah and kee chiu.
�
Haha...you go showroom and ask this question, sure many ppl kee kah and kee chiu.
Actually as a proportion, there are very much less buying for investment , most in showflats are buying for own stay.
tbh i just went to property guru to kaypoh kaypoh D09 / D11 condo prices... i guess it is quite enlightening to see their PSF vs some "brand new" launches PSFs.
tbh i just went to property guru to kaypoh kaypoh D09 / D11 condo prices... i guess it is quite enlightening to see their PSF vs some "brand new" launches PSFs.
�
i still think old projects are more value for money ... more built in, less gimmick etc.
I prefer old projects personally as it's erm... built...
Actually as a proportion, there are very much less buying for investment , most in showflats are buying for own stay.
�
Is that really the case? I've been hearing many buyers are actually buying 2nd prop, willing to pay ABSD.
http://www.zerohedge...verything-china
�
http://www.forbes.co...s-china-assets/
�
�
In view that LKS is disposing all of his assets in China, is another round of Asian Crisis looming?
http://www.zerohedge...verything-china
�
http://www.forbes.co...s-china-assets/
�
�
In view that LKS is disposing all of his assets in China, is another round of Asian Crisis looming?
Meanwhile on 16 April:
http://www.mycarforu...apse-has-begun/
�
i still think old projects are more value for money ... more built in, less gimmick etc.
Yes and older condo have better quality of finishing and workmanship
Nowadays construction worker anyhow recruit one, supervisor anyhow picked one, contractor cut cost, the building never collapse should laugh in one corner liao
http://www.zerohedge...verything-china
�
http://www.forbes.co...s-china-assets/
�
�
In view that LKS is disposing all of his assets in China, is another round of Asian Crisis looming?
Aiya china just print more rmb like usa print usd and distribute among the citizens
Meanwhile on 16 April:
http://www.mycarforu...apse-has-begun/
oops, I will defn go bkt if I play shares........:(
Yes and older condo have better quality of finishing and workmanship
Nowadays construction worker anyhow recruit one, supervisor anyhow picked one, contractor cut cost, the building never collapse should laugh in one corner liao
Aiya china just print more rmb like usa print usd and distribute among the citizens
�
That's bad, the rmb get devalued further. Then the�more they want to cum due to the exchange rate.
�
=====================
�
�
�
No wonder no resp earlier� ....
Mickey mouse units below $1mil, perhaps still quite a handful.�
Is that really the case? I've been hearing many buyers are actually buying 2nd prop, willing to pay ABSD.
Not much ABSD to talk about. Sup sup suay.
But the fact that a reasonable TDSR can halt the market shows that the buying is largely fueled by high leverage. Which is quite unhealthy.
Even if there are "many" people buying second property, the buying is very muted today, as banks hv to be more stringent, no more frenzy activities.
So sad for those fellas who rush to buy at 20% higher, lan lan lose a nice premium conti, aiyoh....
Edited by Throttle2, 28 April 2014 - 07:56 PM.
prime is always prime ... like OptimusPrime
prime in terms of location, freehold, exclusivity is always sought after
$psf or ABSD is not an issue ... sup sup water
�
if take west coast highway ... everyday kena tailgate by truck or windscreen kena stone chips ...
opps ... abit sour grape already ... excuse me ... lol
anyway, i cannot afford this project la ... so i'm not confused
�
Three-quarters of units at The Sorrento sold�
[SINGAPORE] About 100 of the 131 units in upcoming freehold condominium The Sorrento on West Coast Road, which was launched for sale last Friday, were snapped up over the Easter weekend.
Initially, 80 units were launched but eventually all 131 units in the Allgreen Properties development were released due to strong demand.
"The project was competitively priced, so we expected to have a fairly decent pick-up (rate)," said Joseph Tan, executive director (residential) of sole marketing agent CBRE, yesterday. The pricing was between $1,380 and $1,600 per square foot (psf).
The freehold status as well as the smaller scale of the development - which offers a degree of exclusivity vis-a-vis condominiums with hundreds of units - also proved a draw for buyers, added Mr Tan. Smaller units were popular with younger buyers while families opted for bigger ones.
The five-storey development - offering one- to three-bedroom units ranging from 441 to 1,808 sq ft - is situated on a site of about 78,100 sq ft. The units yet to be sold are said to be largely penthouses.
Similar five-storey project launches in West Coast/Pasir Panjang last year - such as IconPasir Panjang, Seasuites, VillagePasir Panjang and Whitehaven - have seen average transacted prices of $1,600 to $1,700 psf.
The Sorrento is expected to obtain its temporary occupation permit (TOP) in the first quarter of next year.
Edited by Wt_know, 28 April 2014 - 10:34 PM.
prime is always prime ... like OptimusPrime
prime in terms of location, freehold, exclusivity is always sought after
$psf or ABSD is not an issue ... sup sup water
�
if take west coast highway ... everyday kena tailgate by truck or windscreen kena stone chips ...
opps ... abit sour grape already ... excuse me ... lol
anyway, i cannot afford this project la ... so i'm not confused
�
There is still real demand but thats about it.
Another 100 buyers out of the market after this purchase.
And the developers know that fact very well, that is why nobody is holding back.
They are all rushing to launch due to limited demand.
If can sell now quickly sell!
Yet some silly private individual sellers are stubborn.
Becos they hv been Roberts so they are expecting a Robert to buy at higher price from them.
It continues to point down.
Allgreen can call for celebration for their good sales. I find it hard to predict the market demand, west coast can sell, but d' leedon is struggling, Interlace is struggling, Reflection, Sky Habitat...so many are stuck.
faster cheap sale leAllgreen can call for celebration for their good sales. I find it hard to predict the market demand, west coast can sell, but d' leedon is struggling, Interlace is struggling, Reflection, Sky Habitat...so many are stuck.
Allgreen can call for celebration for their good sales. I find it hard to predict the market demand, west coast can sell, but d' leedon is struggling, Interlace is struggling, Reflection, Sky Habitat...so many are stuck.
Dude it isnt hard at all.
DLeedon, interlace, skyhabitat have been around for ages and they are huge developments
So buyers are already super tired of them. It has basically hit saturation for such developments.
The only way is additional 10-20% discount to move the remaining 20% unsold.
As for Sorrento, a completely new launch with only 130units, reduced price, and freehold.
Its only natural that they sell ok. However, 100 out of 130 is still 75% only.
In the good o' days it would hv been all sold within the day with people queuing up for more.
Even if it were completely sold today, there is no surprise, as long as the prices are reasonable vis a vis the features and location, it will still be alright. The scary part is that for every buyer who buys, the demand shrinks, unlike before.
This is why the 15,000 to 16,000 units that developers hv yet to launch is going to crash the market or disable it at the very least. This is why behind the facade of a calm, nonchalant developer is a sweaty palmed, knobbly kneed, anxiously pacing CEO. They KNOW.
How about those experts who said 5-10% drop was a maybe when idiots like me say that 15-20% is a given? I wonder if i am stupid or they are lying.....
So there, it aint hard at all.
Dude it isnt hard at all.
DLeedon, interlace, skyhabitat have been around for ages and they are huge developments
So buyers are already super tired of them. It has basically hit saturation for such developments.
The only way is additional 10-20% discount to move the remaining 20% unsold.
As for Sorrento, a completely new launch with only 130units, reduced price, and freehold.
Its only natural that they sell ok. However, 100 out of 130 is still 75% only.
In the good o' days it would hv been all sold within the day with people queuing up for more.
Even if it were completely sold today, there is no surprise, as long as the prices are reasonable vis a vis the features and location, it will still be alright. The scary part is that for every buyer who buys, the demand shrinks, unlike before.
This is why the 15,000 to 16,000 units that developers hv yet to launch is going to crash the market or disable it at the very least. This is why behind the facade of a calm, nonchalant developer is a sweaty palmed, knobbly kneed, anxiously pacing CEO. They KNOW.
How about those experts who said 5-10% drop was a maybe when idiots like me say that 15-20% is a given? I wonder if i am stupid or they are lying.....
So there, it aint hard at all.
�
well one of the key aspects of the days when units were sold like kachang puteh was the fact that you could buy multiple units without worrying about financing. now however, is a different ball game. now dont even need to see if you dont bother sounding out your banker first ...
I'm not worry about developers, they can resort to desperate measures like we see now. My guess is those buyers who bought in the last 2-3 years will get hardest hit. They bought at peak, and to realize no rental demand, plus possible interest hike. But what can we say, they went in with greed and eyes wide open.
�
Dude it isnt hard at all.
DLeedon, interlace, skyhabitat have been around for ages and they are huge developments
So buyers are already super tired of them. It has basically hit saturation for such developments.
The only way is additional 10-20% discount to move the remaining 20% unsold.
As for Sorrento, a completely new launch with only 130units, reduced price, and freehold.
Its only natural that they sell ok. However, 100 out of 130 is still 75% only.
In the good o' days it would hv been all sold within the day with people queuing up for more.
Even if it were completely sold today, there is no surprise, as long as the prices are reasonable vis a vis the features and location, it will still be alright. The scary part is that for every buyer who buys, the demand shrinks, unlike before.
This is why the 15,000 to 16,000 units that developers hv yet to launch is going to crash the market or disable it at the very least. This is why behind the facade of a calm, nonchalant developer is a sweaty palmed, knobbly kneed, anxiously pacing CEO. They KNOW.
How about those experts who said 5-10% drop was a maybe when idiots like me say that 15-20% is a given? I wonder if i am stupid or they are lying.....
So there, it aint hard at all.
�
haha ... looking at the youtube videos of so many property seminar, free talk, workshop, what-have-you
all these eXperts talk on stage ... 5% drop ... ok ... 10% ... MAX ... 15% drop ... chop ar .... LOL
�
How about those experts who said 5-10% drop was a maybe when idiots like me say that 15-20% is a given? I wonder if i am stupid or they are lying.....
�
�
Edited by Wt_know, 29 April 2014 - 09:31 AM.
Every time I watch news about property news, I sure see that few familiar faces on interview. I will think why keep interviewing the same guy over and over again? Crazy.
�
haha ... looking at the youtube videos of so many property seminar, free talk, workshop, what-have-you
all these eXperts talk on stage ... 5% drop ... ok ... 10% ... MAX ... 15% drop ... chop ar .... LOL
�
�
�
�
Every time I watch news about property news, I sure see that few familiar faces on interview. I will think why keep interviewing the same guy over and over again? Crazy.
�
�
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ya lo .. they should interview all the experts in MCF 
�
no 50% discount no buy!!
�
ya lo .. they should interview all the experts in MCF
�
no 50% discount no buy!!
�
If they interview the experts here, market will crash immediately. Fast and furious.
I'm not worry about developers, they can resort to desperate measures like we see now. My guess is those buyers who bought in the last 2-3 years will get hardest hit. They bought at peak, and to realize no rental demand, plus possible interest hike. But what can we say, they went in with greed and eyes wide open.
�
�
We've been hearing about property glut in '14-'16 for a few years already, esp since last GE when Khaw decided to ramp up hdb development.
�
They're adults. They make their beds and they can sleep in them.
I'm not worry about developers, they can resort to desperate measures like we see now. My guess is those buyers who bought in the last 2-3 years will get hardest hit. They bought at peak, and to realize no rental demand, plus possible interest hike. But what can we say, they went in with greed and eyes wide open.
�
�
Yup they went in eyes wide open just like we got out eyes wide open.
�
�
We've been hearing about property glut in '14-'16 for a few years already, esp since last GE when Khaw decided to ramp up hdb development.
�
They're adults. They make their beds and they can sleep in them.
They didnt want to believe becos already two legs in.
![[laugh]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vommHI59seLimu7WpdTvXdQEXTtqtNsMQC7zitaqFIDvxJLE8Q6jhN2sdYBN0ZF6t5aYemCJ1F-FEha11o7_j7mkxsWyXlAlXgW9Ma_ZqQ0mvlr9VoaXXNKeWnvq5SsM9oyHzulQ=s0-d)
Allgreen can call for celebration for their good sales. I find it hard to predict the market demand, west coast can sell, but d' leedon is struggling, Interlace is struggling, Reflection, Sky Habitat...so many are stuck.
T related property companies can be quite daft. Notice a similar recurring theme among the projects you named?
Not as if other firms have not moved big developments.
Those bought sky habitat at launch is super huat!
�
consolation is that they could cherry pick the choice units
Those bought sky habitat at launch is super huat!
�
Yah, haven't collect keys already huat 500k.
Dude it isnt hard at all.
DLeedon, interlace, skyhabitat have been around for ages and they are huge developments
So buyers are already super tired of them. It has basically hit saturation for such developments.
The only way is additional 10-20% discount to move the remaining 20% unsold.
As for Sorrento, a completely new launch with only 130units, reduced price, and freehold.
Its only natural that they sell ok. However, 100 out of 130 is still 75% only.
In the good o' days it would hv been all sold within the day with people queuing up for more.
Even if it were completely sold today, there is no surprise, as long as the prices are reasonable vis a vis the features and location, it will still be alright. The scary part is that for every buyer who buys, the demand shrinks, unlike before.
This is why the 15,000 to 16,000 units that developers hv yet to launch is going to crash the market or disable it at the very least. This is why behind the facade of a calm, nonchalant developer is a sweaty palmed, knobbly kneed, anxiously pacing CEO. They KNOW.
How about those experts who said 5-10% drop was a maybe when idiots like me say that 15-20% is a given? I wonder if i am stupid or they are lying.....
So there, it aint hard at all.
�
�
�
Yup correct.
It will not crash, it will be more realistic.
That is 15-20% off current sellers' marked up asking prices.
I stick to my guns.
�
Wah, u very zhun !
i repeat again: 1987, 1997, 2007.. guess when comes next... :)
�
meanhwile enjoy the musical chair while it lasts
�
Edited by Duckduck, 29 April 2014 - 02:39 PM.
i repeat again: 1987, 1997, 2007.. guess when comes next... :)
�
meanhwile enjoy the musical chair while it lasts
�
�
� 2017?
�
� 2017?
�
maybe... those numbers make a trend, so a trend is a trend until its broken...
�
so maybe prop prices will be sideways until at least 2016 GE... p8p is keeping prices in check, & if they lose more seats, our immigration policy may tighten further, then population growth declines & if stock mkt collapse again, 2017 got show liao.
�
anyway i anyhow guess one lah.
Edited by Duckduck, 29 April 2014 - 02:59 PM.
�
maybe... those numbers make a trend, so a trend is a trend until its broken...
�
so maybe prop prices will be sideways until at least 2016 GE... p8p is keeping prices in check, & if they lose more seats, our immigration policy may tighten further, then population growth declines & if stock mkt collapse again, 2017 got show liao.
�
that is a very likely scenario
�
maybe... those numbers make a trend, so a trend is a trend until its broken...
�
so maybe prop prices will be sideways until at least 2016 GE... p8p is keeping prices in check, & if they lose more seats, our immigration policy may tighten further, then population growth declines & if stock mkt collapse again, 2017 got show liao.
�
anyway i anyhow guess one lah.
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trigger events all different
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if you can foresee the event now, it would likely not be the trigger for the coming round
looks like Ho bee never ho last quarter
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i repeat again: 1987, 1997, 2007.. guess when comes next... :)
�
meanhwile enjoy the musical chair while it lasts
�
�
Huh 2017?
�
Have to wait another 3 years?
�
People in 2010 that said the crash is very near
�
these experts meant near is 7 years out?
�
last heard in 2011 market was crashing and toasted
but the toaster is MIC ... the timer beh choon one
expert who predict crash is merely nothing more than a comedian?
if one can predict crash from 2011 to 2017 ... somehow will hit 1 year right and suddenly become oracle?
�
Edited by Wt_know, 29 April 2014 - 04:08 PM.
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Huh 2017?
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Have to wait another 3 years?
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People in 2010 that said the crash is very near
�
these experts meant near is 7 years out?
�
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duno i anyhow tikam one. i already took profit now got so many units for sale i going to view & cherry pick liao
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my own mantra is to have at least 7yrs holding period for any prop no matter when i buy.
Edited by Duckduck, 29 April 2014 - 04:26 PM.
Last time I said at least 20% drop in price got people say I siao. Now really siao liao
Ditto
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did this chart in jan 2013 before hdb resale prices peaked. think it went above my upper green line then dropped, so the 1996 peak probably matches 2013 peak as well & is parallel to lower green line.
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http://www.singstat....rice_Index.html
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for all fibonacci fans, a reminder of the golden ratio & sequence:
�
23.6%
38.2%
61.8% (The Golden Ratio)
78.6% (Square root of The Golden Ratio)
88.6% (Square root of 0.786)
100%
112.7% (Forth root of 161.8%)
127.2% (Square root of 161.8%)
138.2% (Addition of 100% and 38.2%)
161.8% (1 divided by 0.618)
200%
261.8% (Addition of 100% and 161.8%)
�
At any of those %, its a major point, so as seen in the resale index, it hit abt 200% & turned back. If it doesnt recover soon, then its likely the major lower support is 161.8% fib retracement = abt 162 on the resale index = equates to abt 20% decline from peak & still within the green trendline channel. For some condos, it has already corrected abt 20% in price?
�
This is what im looking for when im going to buy my next prop. To break that green 3 decade long trendline is a major problem & its a minority scenario at the moment, so 138.2% is unlikely & if it happens, a short & sharp event.
Edited by Duckduck, 29 April 2014 - 04:46 PM.
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Wah, u very zhun !
I am just disciplined.
What is an investment is an investment, dont hv sentimental feelings for it.
I said it so many times here.
Also for porperties, we need to start a bit early as it takes a while to sell.
If you think you are ready to sell, you willneed another 3 mths to six mths before the sale actually goes thru. We gotta factor that in.
Secondly dont depend on hope. Face the facts and act.
Good luck.
I'm not worry about developers, they can resort to desperate measures like we see now. My guess is those buyers who bought in the last 2-3 years will get hardest hit. They bought at peak, and to realize no rental demand, plus possible interest hike. But what can we say, they went in with greed and eyes wide open.
�
�
�
The main thing to watch out for is whether this group of buyers have the holding power, if not they will have to dump their properties into the market in the next 2-3 years once interest rates start moving up. Which of course will contribute to further drop of the market, which the government has only one solution to stop the drop - open the floodgate to immigrants and foreign buyers.
�
The main thing to watch out for is whether this group of buyers have the holding power, if not they will have to dump their properties into the market in the next 2-3 years once interest rates start moving up. Which of course will contribute to further drop of the market, which the government has only one solution to stop the drop - open the floodgate to immigrants and foreign buyers.
I think you got it slightly wrong.
It aint about holding power this time
Too much unsold unit is too much unsold units.
A flood that overflows the dam. The water need to be dumped into the sea not kept in the dam.
The situation sucks, nobody wants to hold even if they can.
They rather sell and move the cashflow.
I think you got it slightly wrong.
It aint about holding power this time
Too much unsold unit is too much unsold units.
A flood that overflows the dam. The water need to be dumped into the sea not kept in the dam.
The situation sucks, nobody wants to hold even if they can.
They rather sell and move the cashflow.
�
ya lo .. a lot wont make the same mistake twice. they rather take cash, wait for market to drop, then re enter ... (even if financing etc is more difficult, the key is that CASH IS KING) ... if you can, lowering your gearing is the best way to go right now.
�
better to side on cash and sit on the sidelines. dont sell everything, but sell enough to have some "ammo". if market goes up, you still have assets. if market comes down, you'll have ample cash to go in. win win for you. lowering your current risk at the moment makes sense due to market sentiments ... imho ...
looks like Ho bee never ho last quarter
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No sale: Property developer Ho Bee Land didnt sell a single unit last quarter
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The high-end property market carnage continues.
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Ho Bee Land is known for its high end condos in ritzy addresses like Sentosa with developments such as the Turquoise. Yet in this market, the big spenders are not coming out and the company didnt record a single sale of a new property during the first quarter of this year.
�
It shows just how bad Singapores high end luxury property market is. CIMB Analyst Tan Xuan told Singapore Business Review the lack of sales was expected but that its a concern and shows the problems with selling high-end properties and Sentosa properties in particular. She added that Ho Bee has decided to rent out units in Sentosa rather than sell them, a trend that has been ongoing for some time.
�
Naturally the results are bad, and were below even the pessimistic expectations.
�
Ho Bee Land w 1Q14 revenue and PATMI dropped 72% and 92% yoy, respectively, as there were no units sold during the quarter, and thus no recognition of revenue for development properties, noted CIMBs Tan.
The rental income from industrial and commercial properties increased by 495% yoy and contributed to 93% of revenue, largely from its office buildings, The Metropolis in Singapore and Rose Court in London. Residential properties rents accounted for the remaining 7%.
�
We expect rental income to underpin FY14-15 earnings, specifically from The Metropolis and the two commercial buildings in London. Additionally, its rental income should improve in the coming quarters as more tenants move into The Metropolis (94% committed) and the recently acquired commercial building in London at 1 St Martins Le Grand starts contributing.�
�
Overseas developments to contribute to earnings from FY15. Management has demonstrated foresight in increasing its exposure to investment properties ahead of weak development income. The overseas developments in Australia and China acquired over the past three years should start contributing meaningfully to earnings in 2015-16.
Ho Bee is not a luxury player IMO. Everyone wants to be a luxury player but scrimp and save on concept and design. Getting a celebrity concept architect does not make the development a high end one. Using Poggenpohl kitchens does not make a development a high end one. And for goodness sake developers should stop producing developments with the ugly bay windows.
SCGlobal is the only one close to a high end player. I said close. Tough words from a nobody like me but yeah that's my opinion.
Listed developers and their babies...
Attached Thumbnails
Ho Bee is not a luxury player IMO. Everyone wants to be a luxury player but scrimp and save on concept and design. Getting a celebrity concept architect does not make the development a high end one. Using Poggenpohl kitchens does not make a development a high end one. And for goodness sake developers should stop producing developments with the ugly bay windows.
SCGlobal is the only one close to a high end player. I said close. Tough words from a nobody like me but yeah that's my opinion.
�
lol the most horrible is hiap hoe... good locations crap design.... feels like a $ washing machine to me...�
wah ... the unsold units inventory will continue to grow with new launches ... huat ah!
Edited by Wt_know, 29 April 2014 - 11:17 PM.
wah ... the unsold units inventory will continue to grow with new launches ... huat ah!
And the only way is?
Down!
Huat ah!
�And the only way is?
Down!
Huat ah!
�
I hope it is fast journey down, but looks like most developers are still holding well on prices.
Edited by Roh96, 30 April 2014 - 08:21 AM.
�
I hope it is fast journey down, but looks like most developers are still holding well on prices.
You can find which developer is screwed and which developer is holding well.
But in this situation, the stupid one is the one that doesnt let his inventory go.
You can find which developer is screwed and which developer is holding well.
But in this situation, the stupid one is the one that doesnt let his inventory go.
�
Thanks for the earlier advice. Noted that the discussions are mostly on new launches.
�
a) Whats ur view of existing 999 lease, 10yo condo like the SpringBloom at Chuan Park (3 bedroom). across the road have MRT.� Will price go up, down or maintain over the next 2 yrs. From a buyer perspective. ?
�
b) Also how bout a freehold landed (3800 sq ft)�in Bishan, from a seller perspective? 6-7 mins walk to MRT.
�
For a) may move in or invest
����� b) sell & move in to a)
�
Think the major question is when to sell b) ?� TIA.
iProperty Survey Shows Pricing Concern Amid Unshaken Confidence in Property
�
no worry ... we have unshaken confidence that can defy the law of gravity
property outlook is as viagra strong as coe ... huat ah!
�
The iProperty Asia Property Market Sentiment Report H1 2014 (APMSR), Asia�s �largest consumer sentiment survey, reveals Singaporeans� broad support for cooling measures and expectations of falling prices, while expressing unshaken confidence in property as an investment, both nationally and internationally. It also suggests growing pent-up demand, with private condominiums top of the purchase wish list.
Edited by Wt_know, 30 April 2014 - 10:47 AM.
possible of additional liangteh cooling measures?
what could that be ... got TDSR got ABSD liao ... but still no $1000psf no talk wor
�
how many percent from MCF ... 100%?
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�
There is a huge jump in respondents who see property as a long-term investment � 53 per cent, up from 23 per cent. 23 per cent also intend to buy a property within the next 12 months, and an additional 28 per cent within the next one to two years. Over two-thirds (67 per cent) have a preference for new developments and more � 71 per cent up from 69 per cent � are interested in purchasing a private condominium.�
Edited by Wt_know, 30 April 2014 - 10:53 AM.
iProperty Survey Shows Pricing Concern Amid Unshaken Confidence in Property
�
no worry ... we have unshaken confidence that can defy the law of gravity
property outlook is as viagra strong as coe ... huat ah!
�
�
hullo iproperty is equal to saying nothing. they make $ from prop adds, so wat else wil they say? sorry can throw that report into trash can.
�
or were u being sarcastic? lol
Edited by Duckduck, 30 April 2014 - 01:27 PM.
iProperty Survey Shows Pricing Concern Amid Unshaken Confidence in Property
�
no worry ... we have unshaken confidence that can defy the law of gravity
property outlook is as viagra strong as coe ... huat ah!
�
�
This type of survey chun meh? It really depend on the target audience. If you survey someone at showroom who is ready to buy, his confidence is unshaken. If you survey someone who bought at peak and now sitting at paper loss, his confidence is shaken. If you survey someone rushing to sell now, his has no confidence.
Wow 900 units to sell.. Any guesses how much guocoland will price this?�
�
�
�
A residential site (pictured) at Sims Drive attracted four bids when the tender closed on Tuesday, said HDB.�
Launched for sale on 30 December 2013, the 23,900.1 sqm plot has a gross floor area (GFA) of 71,700.3 sqm and plot ratio of 3.0.�
The top bid of about $530.9 million was submitted by GuocoLand's First Changi Development. This translates to around $7,404 psm on the GFA.
Developer Sim Lian Land offered the lowest bid of $356 million, which is approximately 33 percent lower than GuocoLand's tender price.�
Offered on a 99-year lease, the site could be developed into a condominium project or flats. A combination of flats and strata landed houses can also be built with prior written approval. HDB noted that the site is expected to yield 900 homes.�
Desmond Sim, Head, CBRE Research, Singapore said: "The site is located about 300m from the Aljunied MRT station and within the Paya Lebar Sub-Regional Centre, an up and coming commercial hub. The bids demonstrate that developers are still hungry for land with good attributes such as established amenities and situated in a good location.�
�
"In addition, CBRE observed that while land prices are affected by general market sentiments and specific site attributes, they are also a reflection of other considerations such as foreign labour crunch, and pre-fabrication requirements that have contributed to the rise in development cost."�
A decision on the award of the tender will be announced at a later date after the bids have been evaluated.
Image source: HDB
�
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looks like Ho bee never ho last quarter
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No sale: Property developer Ho Bee Land didn�t sell a single unit last quarter��
�
After so many years, sentosa cove still like that
�
Friend stayed there for a few years to try out the lifestyle, wasn't impressed with the ghost town, now move back to suburban condo.
�
He rented a 4BR there for $3 psf
Wow 900 units to sell.. Any guesses how much guocoland will price this?�
�
�
�
�Apr 29, 2014 - PropertyGuru.com.sg��A residential site (pictured) at Sims Drive attracted four bids when the tender closed on Tuesday, said HDB.�
Launched for sale on 30 December 2013, the 23,900.1 sqm plot has a gross floor area (GFA) of 71,700.3 sqm and plot ratio of 3.0.�
The top bid of about $530.9 million was submitted by GuocoLand's First Changi Development. This translates to around $7,404 psm on the GFA.Developer Sim Lian Land offered the lowest bid of $356 million, which is approximately 33 percent lower than GuocoLand's tender price.�
Offered on a 99-year lease, the site could be developed into a condominium project or flats. A combination of flats and strata landed houses can also be built with prior written approval. HDB noted that the site is expected to yield 900 homes.�Desmond Sim, Head, CBRE Research, Singapore said: "The site is located about 300m from the Aljunied MRT station and within the Paya Lebar Sub-Regional Centre, an up and coming commercial hub. The bids demonstrate that developers are still hungry for land with good attributes such as established amenities and situated in a good location.�
�
"In addition, CBRE observed that while land prices are affected by general market sentiments and specific site attributes, they are also a reflection of other considerations such as foreign labour crunch, and pre-fabrication requirements that have contributed to the rise in development cost."�A decision on the award of the tender will be announced at a later date after the bids have been evaluated.
Image source: HDB
�
�
That area... alot of ahbeng ahseng, MRT full of PRC and FW. Complicated area.�
�
�
Thanks for the earlier advice. Noted that the discussions are mostly on new launches.
�
a) Whats ur view of existing 999 lease, 10yo condo like the SpringBloom at Chuan Park (3 bedroom). across the road have MRT.� Will price go up, down or maintain over the next 2 yrs. From a buyer perspective. ?
�
b) Also how bout a freehold landed (3800 sq ft)�in Bishan, from a seller perspective? 6-7 mins walk to MRT.
�
For a) may move in or invest
����� b) sell & move in to a)
�
Think the major question is when to sell b) ?� TIA.
My view is for residential property to drop regardless of new, old, condo or landed.
But obviously the one that will lead the drop are the new ones.
As for the older ones, they will move in tandem with market although not at the same degree.
Landed 3800sft land is good size, but the demand for such a property is limited.
Also depends on age and build.
If you are selling to take profit, should hv done so last yr.
There is more room for the residential market to come off.
Landed homes need to take at least a 10% hit from last done prices to move sales.
That said, yours could be the best on that street, i cant say
Good luck.
Wow 900 units to sell.. Any guesses how much guocoland will price this?�
�
�
�
Sims Drive site attracts top bid of $530.9m
�
Apr 29, 2014 - PropertyGuru.com.sg
�
������Comment����
�E-mail to friend����
�Bookmark & Share
�
A residential site (pictured) at Sims Drive attracted four bids when the tender closed on Tuesday, said HDB.�
Launched for sale on 30 December 2013, the 23,900.1 sqm plot has a gross floor area (GFA) of 71,700.3 sqm and plot ratio of 3.0.�
The top bid of about $530.9 million was submitted by GuocoLand's First Changi Development. This translates to around $7,404 psm on the GFA.
Developer Sim Lian Land offered the lowest bid of $356 million, which is approximately 33 percent lower than GuocoLand's tender price.�
Offered on a 99-year lease, the site could be developed into a condominium project or flats. A combination of flats and strata landed houses can also be built with prior written approval. HDB noted that the site is expected to yield 900 homes.�
Desmond Sim, Head, CBRE Research, Singapore said: "The site is located about 300m from the Aljunied MRT station and within the Paya Lebar Sub-Regional Centre, an up and coming commercial hub. The bids demonstrate that developers are still hungry for land with good attributes such as established amenities and situated in a good location.�
�
"In addition, CBRE observed that while land prices are affected by general market sentiments and specific site attributes, they are also a reflection of other considerations such as foreign labour crunch, and pre-fabrication requirements that have contributed to the rise in development cost."�
A decision on the award of the tender will be announced at a later date after the bids have been evaluated.
Image source: HDB
�
Only 4 bids with first and second bid from same HL family?
Where are the other big boys leh?
Aiyoyo.....
Wow 900 units to sell.. Any guesses how much guocoland will price this?�
�
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abt 1320psf
w ..... t ..... f .....
�
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abt 1320psf
�
Edited by Wt_know, 30 April 2014 - 08:49 PM.
a. Springbloom is a 99-year leasehold project, not 999-year leasehold. Proximity to MRT has already been priced into current prices.
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b. As long as growth fundamentals for Singapore remain sound, long-term (10-20 years) for FH/999LH land is up. If you are talking about short-term (6 months to 2 years), all boats go lower with an ebbing tide.
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Thanks for the earlier advice. Noted that the discussions are mostly on new launches.
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a) Whats ur view of existing 999 lease, 10yo condo like the SpringBloom at Chuan Park (3 bedroom). across the road have MRT.� Will price go up, down or maintain over the next 2 yrs. From a buyer perspective. ?
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b) Also how bout a freehold landed (3800 sq ft)�in Bishan, from a seller perspective? 6-7 mins walk to MRT.
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For a) may move in or invest
����� b) sell & move in to a)
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Think the major question is when to sell b) ?� TIA.
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sorry ... sporean only buy new launch ...
17 years old condo ... bo lang heow
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For 1320psf I would buy maple woods in bukit timah liao! Freehold and next to mrt, mgs.
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Edited by Wt_know, 30 April 2014 - 09:15 PM.
My view is for residential property to drop regardless of new, old, condo or landed.
But obviously the one that will lead the drop are the new ones.
As for the older ones, they will move in tandem with market although not at the same degree.
Landed 3800sft land is good size, but the demand for such a property is limited.
Also depends on age and build.
If you are selling to take profit, should hv done so last yr.
There is more room for the residential market to come off.
Landed homes need to take at least a 10% hit from last done prices to move sales.
That said, yours could be the best on that street, i cant say
Good luck.
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Thanks. 10% hit is heavy. Will waiting out 3-4 yrs help in yr opinion, assuming theres no global crisis.?
a. Springbloom is a 99-year leasehold project, not 999-year leasehold. Proximity to MRT has already been priced into current prices.
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b. As long as growth fundamentals for Singapore remain sound, long-term (10-20 years) for FH/999LH land is up. If you are talking about short-term (6 months to 2 years), all boats go lower with an ebbing tide.
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99year lease? unless I got the condo wrong.
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So if its in 2015, it could mean sell 10% less, but get 2 units also at 10% less each.
My view is for residential property to drop regardless of new, old, condo or landed.
But obviously the one that will lead the drop are the new ones.
As for the older ones, they will move in tandem with market although not at the same degree.
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problem for old currently is that their rents are under big pressure as more n more new condos TOP & tenants rather rent the new place for a little more than stay in an old place, so the old prop rents have to discount alot more than new to get tenant.
Edited by Duckduck, 30 April 2014 - 11:44 PM.
location, location, location ....
for high position FT ... housing is paid by company ... location is most important
for PMET FT ... i guess $rental$ is most important
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problem for old currently is that their rents are under big pressure as more n more new condos TOP & tenants rather rent the new place a little more than stay in an old place, so the old prop rents have to discount alot more than new to get tenant.
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Edited by Wt_know, 30 April 2014 - 11:43 PM.
location, location, location ....
for high position FT ... housing is paid by company ... location is most important
for PMET FT ... i guess $rental$ is most important
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i thk even if rates dont go up next few yrs, the supply problem will keep rents & cap values in check for awhile, so flat for a few yrs then a dip due to a long overdue global recession which will setup a nice bounce for the next leg up.
OmOm ur right. Not just SB. The Chiltern, CHuan Park, The Scala, all 99 yrs. Based on 3 bedroom, seems that regardless of whether its built in 1985-1995-1999-2014, the prices is like 1.5-1.6.
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Its like prices similar, its whether u want older with bigger area or newer with less space. (Based on 3 bed room)
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These are all�private condo right? sigh 99yrs. Thought it was 999yrs.
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compared to Regentville (D19), built 2000, 99yrs, seems that that Lorong Chuan Mrt is worth at least 500k !!!
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Edited by Baal, 01 May 2014 - 12:10 AM.
Wah piang!!!
Ok, state your price and exact location, i consider
Baal, you got 3800sft landed, why you wanna sell to buy condo?!?!?!!?
Wah piang!!!
Ok, state your price and exact location, i consider
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Bolah Bolah, hard to explain. Not my house & I also didnt initiate the idea to owner.
Anyway, the place I believe is still on tenancy till mid next year.
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Its a case of people wanting an individual home for their respective family unit. However, none have the ability the upkeep/stay in�the place solo. And even if any party try to put up violent finincial struggle to stay in there solo.......red eyes pandemic would surface.
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Unless 1 side suddenly become high flyer & earn big big $, move in & appease other stake holders.�
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u dun phrase like that leh....I ![[sweatdrop]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tXkWgkRE67x17Xap943kLXwe6siNCGxJIQznDESU9vv39TMGd6qJj1bStYF0P0HheBD4h3CbgHc-chxQ7aPjE84GEkJlYyD0re8Re2pspqR39FLD9PchDcIskgJgVT3c5mQc3vTCDvacs=s0-d)
Edited by Baal, 01 May 2014 - 12:47 AM.
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Bolah Bolah, hard to explain. Not my house & I also didnt initiate the idea to owner.
Anyway, the place I believe is still on tenancy till mid next year.
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Its a case of people wanting an individual home for their respective family unit. However, none have the ability the upkeep/stay in�the place solo. And even if any party try to put up violent finincial struggle to stay in there solo.......red eyes pandemic would surface.
�
Unless 1 side suddenly become high flyer & earn big big $, move in & appease other stake holders.�
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u dun phrase like that leh....I
Oh i see, ok when the idea become reality, you know who to look for. I love to cut out the agent and buy from owners direct. House Cars Watches same same
The closest 999LH condo in that area would be The Chuan which is next to the Australian International School and Goldenhill Park Condo which is opposite Springbloom is FH.
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Markets are generally quite efficient except when under duress so all current prices would have priced in any advantages that the projects have e.g. proximity to MRT.
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One of the best buys in that area for investment ten years ago would have been New Tech Park (commercial) but the developer-owner CDL smartly kept the entire project for themselves.
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OmOm ur right. Not just SB. The Chiltern, CHuan Park, The Scala, all 99 yrs. Based on 3 bedroom, seems that regardless of whether its built in 1985-1995-1999-2014, the prices is like 1.5-1.6.
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Its like prices similar, its whether u want older with bigger area or newer with less space. (Based on 3 bed room)
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These are all�private condo right? sigh 99yrs. Thought it was 999yrs.
�
compared to Regentville (D19), built 2000, 99yrs, seems that that Lorong Chuan Mrt is worth at least 500k !!!
�
�
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The closest 999LH condo in that area would be The Chuan which is next to the Australian International School and Goldenhill Park Condo which is opposite Springbloom is FH.
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Markets are generally quite efficient except when under duress so all current prices would have priced in any advantages that the projects have e.g. proximity to MRT.
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One of the best buys in that area for investment ten years ago would have been New Tech Park (commercial) but the developer-owner CDL smartly kept the entire project for themselves.
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Thanks, I just checked at Property Guru. Seems that The Chuan being a 15min walk from mrt cost about 200k more all other�things equal. Goldernhill Park which is 5 min walk from mrt is 300-350k more compared to those other surrounding 99yr lease.
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In this case, between 99 & 999, what are the implications when the place reaches 30-40 yo , eg if enbloc, ..failed enbloc & continue staying there or just sell off.� Is the xtra 300k paid to get 999 worthwhile? Eg, can pass down gen to gen & of enbloc will make lots significantly more compared to 99yrs.
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Somehow, 99yrs dun feel very safe to me. Though we have a family friend whose Farrer Court HUDC enbloc got 2.0 to which he/she had the choice to either buy another 999 condo with a little change for a Jippin car or 99 condo with�0.5 balance, or a 5rm HDB and have 1.5 to retire comfortably.
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Pardon my noob questions. As I am kinda stuck with the COE mindset whereby once car reach 10yrs no more value, vs a car in australia where u�can drive till car disintegrate.�Having
Oh i see, ok when the idea become reality, you know who to look for. I love to cut out the agent and buy from owners direct. House Cars Watches same same
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noted. Think u were the guy who mentioned u always rather buy direct from owner (Cars) as theres more integrity ?
![[grin]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uf2M9NMZWtUQhwLlPwxSe7eiT7mliZ-FMTZfWpWkY5uK-bY5cjNmSFoPghae9zZnE5_fXbPLpmE6zZR-ebSbP1JFFom5SOkzHmk2lJ9lZedSmdWebLiGIcFNVl_IGMnMdxYA8=s0-d)
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noted. Think u were the guy who mentioned u always rather buy direct from owner (Cars) as theres more integrity ?
Yeah... You remember
here is my thought
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condo = go with 99yrs. sell when price is good (highly speculated) to make lots of money and move on or live in 10-15-20 yrs and sell. based on the eXpert analysis, 99yrs condo provide the best ROI in terms of rental yield and capital appreciation for resale because of its lower entry price point� compare to freehold condo project
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landed = go with freehold. the land is priceless. so much potential and so much worth it.
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yes / no? i would like to hear more point of view
Edited by Wt_know, 01 May 2014 - 03:25 PM.
here is my thought
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condo = go with 99yrs. sell when price is good (highly speculated) to make lots of money and move on or live in 10-15-20 yrs and sell. based on the eXpert analysis, 99yrs condo provide the best ROI in terms of rental yield and capital appreciation for resale because of its lower entry price point� compare to freehold condo project
�
landed = go with freehold. the land is priceless. so much potential and so much worth it.
�
yes / no? i would like to hear more point of view
LH properties in CBD are more expensive than many FH ones - where got lower entry price?
Property is about location. You pay a higher price for property in good location and you're more guaranteed to get better rental and capital appreciation when the market moves up - % wise I'm not sure. Maybe someone can show data.
here is my thought
�
condo = go with 99yrs. sell when price is good (highly speculated) to make lots of money and move on or live in 10-15-20 yrs and sell. based on the eXpert analysis, 99yrs condo provide the best ROI in terms of rental yield and capital appreciation for resale because of its lower entry price point� compare to freehold condo project
�
landed = go with freehold. the land is priceless. so much potential and so much worth it.
�
yes / no? i would like to hear more point of view
�
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The Problem is : When is the entry point ?�
ok, i know The Sail Marina Bay 99LH condo can buy FH unit including landed at many areas
let's say a better comparison like OCR FH vs LH? anyway, FH project is extremely limited nowadays ... definitely not cheap if 1 come by
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LH properties in CBD are more expensive than many FH ones - where got lower entry price?
Property is about location. You pay a higher price for property in good location and you're more guaranteed to get better rental and capital appreciation when the market moves up - % wise I'm not sure. Maybe someone can show data.
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i thought this is more or less "market info" liao?
$1200-$1300psf is the market rate for mass market 99LH condo
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1-bedder = $600k-$750k
2-bedder = $900k-$1.1M
3-bedder = $1.2M to $1.5M
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anything below $1.5M is good to go liao ... property eXpert says one
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The Problem is : When is the entry point ?�
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Edited by Wt_know, 01 May 2014 - 04:19 PM.
ok, i know The Sail Marina Bay 99LH condo can buy FH unit including landed at many areas
let's say a better comparison like OCR FH vs LH? anyway, FH project is extremely limited nowadays ... definitely not cheap if 1 come by
�
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i thought this is more or less "market info" liao?
$1200-$1300psf is the market rate for mass market 99LH condo
�
1-bedder = $600k-$750k
2-bedder = $900k-$1.1M
3-bedder = $1.2M to $1.5M
�
anything below $1.5M is good to go liao ... property eXpert says one
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You see, the previous owners can gain 700k ~ 500k in appreciation, would one be in the 'n'th �sucker at the tip of the peak ?
that's why many buy new launches (no previous owner) instead of resale
is that consider 'n'th sucker too?
new launches although the useable space is smaller than old project
the design, layout, balcony, landscape, etc are all better than 2004-2009 condo completed projects
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seriously, if not making $250k-$1M or more ... who buy property? that's why people is crazy about property.
yes, they are many other tools of investments ... property is the most layman investment instrument to flip
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You see, the previous owners can gain 700k ~ 500k in appreciation, would one be in the 'n'th �sucker at the tip of the peak ?
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Edited by Wt_know, 01 May 2014 - 05:01 PM.
that's why many buy new launches (no previous owner) instead of resale
is that consider 'n'th sucker too?
new launches although the useable space is smaller than old project
the design, layout, balcony, landscape, etc are all better than 2004-2009 condo completed projects
�
seriously, if not making $250k-$1M or more ... who buy property? that's why people is crazy about property.
yes, they are many other tools of investments ... property is the most layman investment instrument to flip
�
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Buy new launch at wrong timing is still sucker.
Not sucker also Robert
Chuan Park is a good example of what happens when the project reaches 30 years of age. Its TOP was in 1985 so that makes the project around 30 years old. Its value was given a shot in the arm when the location of Lorong Chuan MRT was announced, although it was quite a bitter-sweet experience (sweet because it sits just outside the MRT station entrances and bitter because part of its land was acquired by the government for the MRT station).
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Generally for 99LH projects, the value fall-out quickens after the 40th to 50th year mark due to several factors such as escalating maintenance costs, borrowing/financing restrictions due to the remaining lease of project, CPF utilisation, etc.
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Not all residential projects are well managed and management/sinking funds do get depleted/low when major repairs turn up sooner than expected. There have been cases in smaller projects where residents are called upon to top up the sinking funds in order to raise sufficient funds for major and pressing works.
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Enbloc is not always guaranteed. With almost all projects that are less than 20 years old having GFA maximised, there is little incentive for developers to pay a premium over market rates unless there are special circumstances e.g. to combine the land from the potential-enbloc project with an existing land in its land-bank.
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In spite of all the above, IMHO a 99LH property can still make a good buy if you manage to get it at the start of a bull run. This significantly reduces the downside risk and provides several advantages over competing 999LH/FH properties: lower entry cost, lower financing cost (if not paying fully in cash), etc while still enjoying the pricing-lift from the bull market.
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However, enter at the wrong time and the fact that the property is 99LH exacerbates/compounds the loss that the buyer will experience from the bear-phase fall-out.
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Thanks, I just checked at Property Guru. Seems that The Chuan being a 15min walk from mrt cost about 200k more all other�things equal. Goldernhill Park which is 5 min walk from mrt is 300-350k more compared to those other surrounding 99yr lease.
�
In this case, between 99 & 999, what are the implications when the place reaches 30-40 yo , eg if enbloc, ..failed enbloc & continue staying there or just sell off.� Is the xtra 300k paid to get 999 worthwhile? Eg, can pass down gen to gen & of enbloc will make lots significantly more compared to 99yrs.
�
Somehow, 99yrs dun feel very safe to me. Though we have a family friend whose Farrer Court HUDC enbloc got 2.0 to which he/she had the choice to either buy another 999 condo with a little change for a Jippin car or 99 condo with�0.5 balance, or a 5rm HDB and have 1.5 to retire comfortably.
�
Pardon my noob questions. As I am kinda stuck with the COE mindset whereby once car reach 10yrs no more value, vs a car in australia where u�can drive till car disintegrate.�Having
�
noted. Think u were the guy who mentioned u always rather buy direct from owner (Cars) as theres more integrity ?
�
It still boils down to the buyer's profile - the ammunition he has on-hand, tools of leveraging available to him, his risk appetite, buying/selling style (frequent/infrequent for example), etc.
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here is my thought
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condo = go with 99yrs. sell when price is good (highly speculated) to make lots of money and move on or live in 10-15-20 yrs and sell. based on the eXpert analysis, 99yrs condo provide the best ROI in terms of rental yield and capital appreciation for resale because of its lower entry price point� compare to freehold condo project
�
landed = go with freehold. the land is priceless. so much potential and so much worth it.
�
yes / no? i would like to hear more point of view
�
ok, i know The Sail Marina Bay 99LH condo can buy FH unit including landed at many areas
let's say a better comparison like OCR FH vs LH? anyway, FH project is extremely limited nowadays ... definitely not cheap if 1 come by
�
�
i thought this is more or less "market info" liao?
$1200-$1300psf is the market rate for mass market 99LH condo
�
1-bedder = $600k-$750k
2-bedder = $900k-$1.1M
3-bedder = $1.2M to $1.5M
�
anything below $1.5M is good to go liao ... property eXpert says one
�
�
I was referring to the ROI for FH and LH properties. One needs to look at the data to reach a conclusion. ROI is dependent on many factors - location of property, leverage, unit layout etc. You can't blanket a conclusion based on 2 broad categories (FH and LH).
In General, one would expect higher rental and appreciation of asset value for a property in a good location vs one in a sub par location. However the exact ROI is dependent on the factors I stated above. Please feel free to correct my mistakes if there are any.
that's why many buy new launches (no previous owner) instead of resale
is that consider 'n'th sucker too?
new launches although the useable space is smaller than old project
the design, layout, balcony, landscape, etc are all better than 2004-2009 condo completed projects
�
seriously, if not making $250k-$1M or more ... who buy property? that's why people is crazy about property.
yes, they are many other tools of investments ... property is the most layman investment instrument to flip
�
�
Interestingly you mentioned balcony. I personally think balcony is useless if the living space is less than 70sqm. But yet developers are churning out small apartments with balconies. The apartments have bedrooms that can hardly accommodate a queen size bed and yet balconies were included. You know why? It's because of URA's GFA incentive for balconies. Read that up. It's interesting.
Instead of designing a unit that makes the most sense and has proper usable space, the developers are following the design incentives and guidelines because it directly affects the total area for sale. And you wonder why the private residential landscape in Singapore looks so boring and similar.
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