mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 35

one month up, one month down, rinse and repeat haha

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anyway, sales volume of 8000-9000 for any given year is one of the signs of a property market that is not under pressure to sell

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For those waiting for price to drop, sales have to be closer to the 6000 level and showflats definitely not like the picture below, even on launch day

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waited for 9 months this year and price still about the same, dunno if i can even see a 10% drop by end of 2014

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i think i better wait for 2015, or 2016, or 2017 sia� [smash]

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September sales expected to spike

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Sep 16, 2014

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Response-at-the-Marina-One-Show-Gallery-

While last month�s new private home sales continued to weaken, new sales volume in September is expected to improve from July and August 2014, according to analysts.

For instance, OrangeTee expects sales volumes to be around 750 units to 850 units for September.

The market is likely to experience more deals soon, as anticipated projects such as Highline Residences, and 70 St Patrick�s are expected to launch in September while�Marina One is expected to launch in early October.

According to media reports, Highline Residences by Keppel Land has sold over 80 percent of the first 160 units, and Marina One by M+S has also received good response during its private viewing last weekend. Kemmy Tan, CEO at M+S said toPropertyGuru,��Interest has been strong with over 800 visitors to our show gallery over the weekend.�

Alice Tan, Director & Head of Research at Knight Frank Singapore, said, �Developers are also likely to intensify efforts to launch projects with attractive offers to boost sales performance in view of a traditionally quiet year-end period ahead.�

She added, �Buying sentiment for new launches is likely to remain fairly muted in light of the current cooling measures.�

As 2014 approaches its last quarter, analysts believe new private home sales volume for the year is likely to hover around 8,000 to 9,000 units, falling just short of the 10,000-unit mark.

Additionally, PropNex CEO Mohamed Ismail Gafoor expects a cloud of stillness will continue to hang over the high-end segment. �The spotlight will be on more affordable mass and mid-tier market segments. The outlook for the private residential market will continue to be dismal for the rest of 2014 so long as the cooling measures and the TDSR framework remain in their current form,� he said.

Photo (by�M+S Pte Ltd): Crowd at the Marina One show gallery on 14 September 2014

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$10M property drop jialat ... this one for sure ... double confirmed

$1M-$2M property ... same old same old ... lelong one are don't want one

$1M-$2M is MASS MARKET means majority are aiming for these ... so developer and agent definitely don't blink

waiting till mid 2015 to 2016 ... for many projects completion and E lai liao [sly]

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one month up, one month down, rinse and repeat haha

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anyway, sales volume of 8000-9000 for any given year is one of the signs of a property market that is not under pressure to sell

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For those waiting for price to drop, sales have to be closer to the 6000 level and showflats definitely not like the picture below, even on launch day

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waited for 9 months this year and price still about the same, dunno if i can even see a 10% drop by end of 2014

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i think i better wait for 2015, or 2016, or 2017 sia�

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Edited by Wt_know, 17 September 2014 - 10:49 AM.

$10M property drop jialat ... this one for sure ... double confirmed

$1M-$2M property ... same old same old ... lelong one are don't want one

$1M-$2M is MASS MARKET means majority are aiming for these ... so developer and agent definitely don't blink

waiting till mid 2015 to 2016 ... for many projects completion and E lai liao

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$10m property always been jialat since 2007, nothing new there

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only interesting market in the past 5 yrs have been mass and mid market thanks to you-know-who

http://www.todayonli...singlepage=true

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SIAO LIAO!

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Investors should sell their residential investments in Singapore. The property market, which has been gradually declining, does not need any new action to tip it over. Just the sheer number of new homes being supplied both in Singapore and Iskandar will drive prices lower.

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New private home sales in Singapore have plunged in the past three months to about 40 per cent of the monthly average of the past five years or so.

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Since January 2010, the average number of homes sold by developers each month has exceeded 1,300 units. The total number of new homes sold in June, July and August were 531, 560 and 490, respectively, including executive condominiums (EC). Excluding the hybrid housing type, the respective numbers were 482, 509, and 432, respectively, Urban Redevelopment Authority (URA) and Century 21 (IPA) data showed.

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Given seasonal factors, such as the Hungry Ghost Month and the quadrennial football World Cup, the three months of dismal private home sales will not be sufficient to render the residential sector a bear market. However, the downward trend can be confirmed by several other indicators.

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The Housing and Development Board (HDB)�s resale price index, which has a direct impact on mass market private properties, has fallen 5.4 per cent over the past four quarters.

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During the same period, the URA�s private residential price index slipped 3.4 per cent. The weakness is also reflected in the rental market, where median private non-landed rentals eased 1.1 per cent in the past four quarters to S$3.79 psf per month. Meanwhile, private residential occupancy rates fell to 92.9 per cent in the second quarter of this year from 93.9 per cent in the third quarter of last year. In absolute terms, the number of vacant units increased to 21,268 in the second quarter of this year from 17,459 in the third quarter of last year.

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Taken together, it is evident that we experienced a slow decline over the past year. Will this gradual weakening lead to a soft landing? Or are we about to fall off the edge of a cliff? As a practising real estate agent, I find it tougher to hold up high rents for landlords. With the rising vacancy rates amid a stream of newly-completed properties, the competition for tenants is intense, especially with the Government tightening foreign employment.

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Although some landlords have yet to tune themselves to this new reality, others have reacted quickly ahead of next year�s record high supply, which will further pressure rents.

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Supply of HDB, EC UNITS and Private Residences

In the past 10 years, Singapore has added about 8,000 new private residential units per year. But next year, we can expect about 22,000 units to be completed and 24,000 the year after and at least 16,000 in 2017. The pressure on rents will be overwhelming. Lifting the property curbs will not help fill vacant apartments and improve rents.

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The expected supply of new HDB flats and ECs is large as well. More than 25,000 units will be completed every year over the next three years. There are also many second-time new HDB buyers and those who are upgrading to ECs who are required by law to sell their current HDB flats when they collect the keys to their new flats or ECs. Unless a few of the cooling measures are lifted and the foreigner employment policies are relaxed, the HDB Resale Price Index and the URA Residential Price Index are set to decline at a faster pace with the onslaught of new, completed home completions, even after taking into account the need for infrastructure to keep pace with population growth.

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Supply in Iskandar

We must also not forget the promise of lower-cost properties across the Causeway in Iskandar.

The numerous Iskandar residential projects launched in Singapore since 2010, in locations such as Puteri Harbour, Danga Bay, Tebrau, Medini, etc, are now being completed.

They are ready to compete for tenants from Singapore seeking to reduce their housing costs and who do not mind making the commute between the countries. I estimate that over the next four years, about 10,000 new homes will be added per year in Iskandar and some of these will find tenants from Singapore with their attractive rents.

In the past six months, there has been an increase in the number of mortgagee home sales, with several headline-grabbing ones involving luxury condominiums in Sentosa Cove and the prime District 9. During the luxury property boom from 2006 to 2008, about 60 per cent of top-end apartments were purchased by foreigners. Some have held on to their investments, but they are now feeling stifled as a result of the multiple rounds of cooling measures, weak property demand and the restricted ability to refinance under the current regime.

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For those who are willing to take a long-term view, say, 15 years and beyond, landed homes and high-quality freehold properties in Districts 9 and 10 would remain safe bets as these sub-segments are limited in terms of current stock and future supply.

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As for now and the immediate future, as I forecast in a commentary in this column last year (�The price war has begun�, Nov 8, 2013), sellers are lowering prices and this will continue to take its toll on investors.

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I recommend that investors sell their residential investments before they are engulfed by the tidal wave of new supply.

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ABOUT THE AUTHOR:

Ku Swee Yong is a licensed real estate agent and the chief executive of property agency Century 21 Singapore.

No siao lah, no need to panic. This is not news, everyone has known this for years.

And you believe the words of a property agent?

And especially he is a CEO of a property agency?

Sorry, any car dealer and property agent words, I treat them as sh it

Edited by frenchfly, 19 September 2014 - 04:03 PM.

http://www.todayonli...singlepage=true

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SIAO LIAO!

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Since January 2010, the average number of homes sold by developers each month has exceeded 1,300 units. The total number of new homes sold in June, July and August were 531, 560 and 490, respectively, including executive condominiums (EC). Excluding the hybrid housing type, the respective numbers were 482, 509, and 432, respectively, Urban Redevelopment Authority (URA) and Century 21 (IPA) data showed.

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Look like COEs supply to me...

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Since January 2008, the average number of CARs sold by DEALERS each month has exceeded 1,300 units. The total number of new CARS sold in June, July and August were XXX, XXX and XXX, respectively, including LORRIES AND MOTORCYCLES..... [drivingcar]

http://www.todayonli...singlepage=true

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I recommend that investors sell their residential investments before they are engulfed by the tidal wave of new supply.

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ABOUT THE AUTHOR:

Ku Swee Yong is a licensed real estate agent and the chief executive of property agency Century 21 Singapore.

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This is the first time I came across someone from property line recommending SELL!� I agree with him.

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Now question is who would BUY via Century 21 as it is against advise of their CEO?

Finally someone from the property sector singing the exact same song as me.

1. Direction is clear , down
2. Real demand will always be there but that alone cannot hold up flooded market
3. Lifting CMs cannot prevent a crash when over supply is the reason.

Even a starving person will stop eating when he is totally full. With so much food on the table, scared hungry?

Can continue eating? Can!!!

VOMIT FIRST LOR!!!!!!

not surprises... if agents cannot convince you to buy. the next best thing is to convince you to sell..

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As long as there is movement, there is commission. ;)

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the next question is "where is the buyer?"

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anyway.. i am glad to continue to receive sms asking me if i want to sell my place. At least i know , there is a demand , even agents thinks it's easy to sell...... the only issue is of course the price to let go :P

not surprises... if agents cannot convince you to buy. the next best thing is to convince you to sell..
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As long as there is movement, there is commission. ;)
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the next question is "where is the buyer?"
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anyway.. i am glad to continue to receive sms asking me if i want to sell my place. At least i know , there is a demand , even agents thinks it's easy to sell...... the only issue is of course the price to let go :P

Please lah Agents got plenty if tricks up their sleeves. Sms you ask you to sell means got buyer?
You cant be that naive right? They need inventory. If nothing to sell how they get comms??

Please lah Agents got plenty if tricks up their sleeves. Sms you ask you to sell means got buyer?
You cant be that naive right? They need inventory. If nothing to sell how they get comms??

Ha ha ...its okay..
I am not losing sleep over the falling price or anything for the matter.. I didn't have to post in mcf abt my wealth and life - style to keep myself happy. Or trying to belittle others.

not surprises... if agents cannot convince you to buy. the next best thing is to convince you to sell..
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As long as there is movement, there is commission. ;)
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the next question is "where is the buyer?"
�
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anyway.. i am glad to continue to receive sms asking me if i want to sell my place. At least i know , there is a demand , even agents thinks it's easy to sell...... the only issue is of course the price to let go :P

Even Ulu Sembawang also have demand and agents covering the areas, it all really depends on price.

Am sure you are sleeping well knowing there is a demand, just like me. LOL.

Ha ha ...its okay..
I am not losing sleep over the falling price or anything for the matter.. I didn't have to post in mcf abt my wealth and life - style to keep myself happy. Or trying to belittle others.

Absolutely ok, why need to lose sleep?
As long as you are well covered, its just a matter of losing some money base on valuation.

I dont hv to tell people that i dont post about my wealth or style whether or not to keep happy.
As for belittling, there are plenty of mountains higher. I CCK hdb, no problem
One cannot be belittled unless he does so to himself.

Haha

Edited by Throttle2, 20 September 2014 - 08:45 PM.

Absolutely ok, why need to lose sleep?
As long as you are well covered, its just a matter of losing some money base on valuation.

I dont hv to tell people that i dont post about my wealth or style whether or not to keep happy.
As for belittling, there are plenty of mountains higher. I CCK hdb, no problem
One cannot be belittled unless he does so to himself.

Haha

Good.. I tot you are losing sleep.
cos you only post in threads that could haolian...

Good.. I tot you are losing sleep.
cos you only post in threads that could haolian...

Nope i only post in threads where i can suan people since i kena suan so much.

http://www.stpropert...fringe/a/181487

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THE property market's woes have spread from the luxury sector to more modestly priced homes on the city fringe as new loan curbs keep buyers in check.

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Unsold units are piling up in areas such as Bukit Merah, Kallang and Marine Parade, with developers forced to dangle big discounts to move homes.

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However, bucking the trend, UOL Group's 186-unit Seventy St Patrick's in Marine Parade sold about 100 units at an average $1,630 per sq ft at a private launch at the weekend, a spokesman said.

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Homes in the area - dubbed the "rest of the central region" (RCR) in industry jargon - are right in the price range that leaves many buyers struggling to raise a mortgage, in the light of new rules that restrict lending.

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"Developers of suburban condos have not needed to slash prices as most HDB upgraders find launch prices of about $1,000 per sq ft (psf) affordable. But developers of RCR non-landed homes have had to cut prices to fit the total debt servicing ratio (TDSR) limits of buyers," said R'ST Research director Ong Kah Seng.

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Wealthy buyers of properties in the central city area generally do not require a loan and so are not affected by the TDSR, he added.

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The city fringe area had 414 completed but unsold units islandwide as at June 30. This was 29 per cent of the national total and up from the 20 per cent or 250 such units at the end of last year.

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The central city area accounted for 63 per cent of such units as at June 30, down from 70 per cent at the end of last year.

Colliers International research director Chia Siew Chuin believes the build-up in completed but unsold units on the city fringe could be due to the recent completion of large-scale projects.

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"It is also more challenging to find buyers for projects in the (area) where homes are generally pricier than mass market condominium developments, especially in the light of the current weak market sentiment," said Ms Chia.

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There were about 300 units left unsold in total at the 1,040-unit The Interlace in Depot Road and the 360-unit Concourse Skyline in Beach Road as at June 30. The Interlace obtained its temporary occupation permit (TOP) in the third quarter of last year, while Concourse Skyline received it in the first quarter of this year.

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As at the end of last month, just six units had been sold at the 41-unit Riverside Melodies in St Michael's Road, which received its TOP in the second quarter.

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Project launches on the city fringe have had a mixed reception as well. About a week ago, the 500-unit Highline Residences in Tiong Bahru sold about 80 per cent of the first 160 units released.

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But the picture at older launches is less rosy. The 56-unit Cosmo Loft in Balestier, launched in May last year, had sold just five units as at Aug 31.

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The 128-unit Fulcrum in Fort Road, which started selling units in April 2012, has moved just 17 units with its last sale in May last year. #1 Suites in Geylang, on the market for over a year, had sold just 38 of 112 units as at the end of last month.

"The pool of buyers who can afford RCR properties has definitely shrunk. Unit sizing and price quantum are even more critical areas to consider today to achieve sustainable sales," said Knight Frank Singapore research head Alice Tan.

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She noted that while the cost of a 680 sq ft two-bedder home in this area tends to range from $1,600 to just over $1,800 psf, or $1 million to $1.3 million, "any price beyond $1.3 million would be a stretch for many people".

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Before the TDSR, some leasehold apartments had even been launched at nearly $2,000 psf, added Mr Ong. Alex Residences in Alexandra and Sky Vue in Bishan, which were both launched in the second half of last year, have sold at average prices of $1,640 psf and $1,576 psf respectively, "way below (the prices of units in) the nearby projects launched before them, before TDSR", he said. As at the end of last month, Alex Residences had sold 214 of 429 units and Sky Vue 504 of 694.

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Consultants noted that while sales momentum on the city fringe has slowed in line with overall market performance, developers have adjusted their expectations. The 99-year-leasehold Sky Habitat, for example, sold 120 units from April to last month. Prices have gone down from a median of $1,593 psf at the launch in April 2012 to $1,354 psf last month, said Ms Chia. It had sold just one unit at $1,530 psf from January to March.

Edited by Mockngbrd, 22 September 2014 - 02:08 PM.

http://www.stpropert...fringe/a/181487
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THE property market's woes have spread from the luxury sector to more modestly priced homes on the city fringe as new loan curbs keep buyers in check.

�
Unsold units are piling up in areas such as Bukit Merah, Kallang and Marine Parade, with developers forced to dangle big discounts to move homes.

�
However, bucking the trend, UOL Group's 186-unit Seventy St Patrick's in Marine Parade sold about 100 units at an average $1,630 per sq ft at a private launch at the weekend, a spokesman said.

�
Homes in the area - dubbed the "rest of the central region" (RCR) in industry jargon - are right in the price range that leaves many buyers struggling to raise a mortgage, in the light of new rules that restrict lending.

�
"Developers of suburban condos have not needed to slash prices as most HDB upgraders find launch prices of about $1,000 per sq ft (psf) affordable. But developers of RCR non-landed homes have had to cut prices to fit the total debt servicing ratio (TDSR) limits of buyers," said R'ST Research director Ong Kah Seng.

�
Wealthy buyers of properties in the central city area generally do not require a loan and so are not affected by the TDSR, he added.

�
The city fringe area had 414 completed but unsold units islandwide as at June 30. This was 29 per cent of the national total and up from the 20 per cent or 250 such units at the end of last year.

�
The central city area accounted for 63 per cent of such units as at June 30, down from 70 per cent at the end of last year.
Colliers International research director Chia Siew Chuin believes the build-up in completed but unsold units on the city fringe could be due to the recent completion of large-scale projects.

�
"It is also more challenging to find buyers for projects in the (area) where homes are generally pricier than mass market condominium developments, especially in the light of the current weak market sentiment," said Ms Chia.

�
There were about 300 units left unsold in total at the 1,040-unit The Interlace in Depot Road and the 360-unit Concourse Skyline in Beach Road as at June 30. The Interlace obtained its temporary occupation permit (TOP) in the third quarter of last year, while Concourse Skyline received it in the first quarter of this year.
�
As at the end of last month, just six units had been sold at the 41-unit Riverside Melodies in St Michael's Road, which received its TOP in the second quarter.

�
Project launches on the city fringe have had a mixed reception as well. About a week ago, the 500-unit Highline Residences in Tiong Bahru sold about 80 per cent of the first 160 units released.

�
But the picture at older launches is less rosy. The 56-unit Cosmo Loft in Balestier, launched in May last year, had sold just five units as at Aug 31.

�
The 128-unit Fulcrum in Fort Road, which started selling units in April 2012, has moved just 17 units with its last sale in May last year. #1 Suites in Geylang, on the market for over a year, had sold just 38 of 112 units as at the end of last month.
"The pool of buyers who can afford RCR properties has definitely shrunk. Unit sizing and price quantum are even more critical areas to consider today to achieve sustainable sales," said Knight Frank Singapore research head Alice Tan.

�
She noted that while the cost of a 680 sq ft two-bedder home in this area tends to range from $1,600 to just over $1,800 psf, or $1 million to $1.3 million, "any price beyond $1.3 million would be a stretch for many people".

�
Before the TDSR, some leasehold apartments had even been launched at nearly $2,000 psf, added Mr Ong. Alex Residences in Alexandra and Sky Vue in Bishan, which were both launched in the second half of last year, have sold at average prices of $1,640 psf and $1,576 psf respectively, "way below (the prices of units in) the nearby projects launched before them, before TDSR", he said. As at the end of last month, Alex Residences had sold 214 of 429 units and Sky Vue 504 of 694.

�
Consultants noted that while sales momentum on the city fringe has slowed in line with overall market performance, developers have adjusted their expectations. The 99-year-leasehold Sky Habitat, for example, sold 120 units from April to last month. Prices have gone down from a median of $1,593 psf at the launch in April 2012 to $1,354 psf last month, said Ms Chia. It had sold just one unit at $1,530 psf from January to March.

Gulp!

Dude, dont scare the retail mass market crowd leh.
To them the property prices will forever go up.
Huat ah!!

Whats the approx cost for a 3 bedroom , 1300sqft , low floor for clover by the park , at bishan st 25?

I very heng.. In Q3/Q4 2012 I was looking around.. Went to view a old unit that is slated for enbloc selling at 1.37m, but I didn't buy bec don't like the facing of the unit and felt price too high, this unit was sold in 3 days..

The enbloc deal didn't materialize and last transaction for units around the same floor was at 1.07million...omg.. 300k paper loss for that buyer in 1 year+

I very heng.. In Q3/Q4 2012 I was looking around.. Went to view a old unit that is slated for enbloc selling at 1.37m, but I didn't buy bec don't like the facing of the unit and felt price too high, this unit was sold in 3 days..

The enbloc deal didn't materialize and last transaction for units around the same floor was at 1.07million...omg.. 300k paper loss for that buyer in 1 year+

In thomson?

In thomson?

east side.

I bought another old unit at another location... Recently got a transaction up 80k.. Not much but better than see price go down..

That's the good thing about buying old and under value place.. Sibei Heng.. I think I'm one lucky chap..

Edited by Chucky2007, 22 September 2014 - 11:10 PM.

Well done. :)

East side is overpriced. But i guess most buyers bought because of its a great area to live.

although not as atas as d9/10/11.. but definitely great for raising a family.

I had a friend who just paid Cov for a 4-rm hdb unit at mp.

I , myself is looking to forward to have the hokkien mee at East coast more often in the coming months..

Ha ha ha

Edited by ShepherdPie, 23 September 2014 - 12:16 AM.

http://www.todayonli...singlepage=true

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SIAO LIAO!

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ABOUT THE AUTHOR:

Ku Swee Yong is a licensed real estate agent and the chief executive of property agency Century 21 Singapore.

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wah lau, another analyst come and talk cock.. oh wait, he is saying that price is coming down? better sell now?

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ahhh, then must be a guru, not talk cock anymore� [:)] � Only those who don't sing the same tune as me are talk cock one� [laugh] � [laugh]

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ku swee yong has been saying that price will come down since 2010 until now. did someone mentioned that even a broken clock is accurate twice a day?

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anywayz, he is a smart guy, better listen to him, lest suffer big losses� [thumbsup]

Even Ulu Sembawang also have demand and agents covering the areas, it all really depends on price.

Am sure you are sleeping well knowing there is a demand, just like me. LOL.

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there is a famous agent in punggol dubbed the punggol queen

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SYT who just focus on punggol HDB resale, enough transactions there for her to make over a million each year

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Ulu area also can make money sia

Whats the approx cost for a 3 bedroom , 1300sqft , low floor for clover by the park , at bishan st 25?

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1,300 sqft probably 1.7m at least bah

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nice development, with good views esp if you face the park at high floors

east side.

I bought another old unit at another location... Recently got a transaction up 80k.. Not much but better than see price go down..

That's the good thing about buying old and under value place.. Sibei Heng.. I think I'm one lucky chap..

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congrats!� [thumbsup]

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make 80K in 1 yr is very steady, almost impossible and inconceivable, especially gurus are telling you that market direction since last year is down down down!

Whats the approx cost for a 3 bedroom , 1300sqft , low floor for clover by the park , at bishan st 25?

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CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,450,000 1,216 Strata 06 to 10 1,192 Aug-14

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CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,550,000 1,249 Strata 06 to 10 1,241 Feb-13

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CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,590,000 1,249 Strata 01 to 05 1,273 Apr-13

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CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,600,000 1,281 Strata 26 to 30 1,249 Aug-14

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CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,700,000 1,281 Strata 26 to 30 1,327 Mar-13

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CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,800,000 1,281 Strata 31 to 35 1,405 Oct-12

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Edited by Sabian, 23 September 2014 - 05:56 PM.

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1,300 sqft probably 1.7m at least bah

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nice development, with good views esp if you face the park at high floors

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This is the block facing main road, asking ~1.4+�� (low floor)

Theres 1 more unit at the other bloack facing Bishan park, Mid Floor. Think is 1500sqft, but asking 1.7, iirc

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CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,450,000 1,216 Strata 06 to 10 1,192 Aug-14

�

CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,550,000 1,249 Strata 06 to 10 1,241 Feb-13

�

CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,590,000 1,249 Strata 01 to 05 1,273 Apr-13

�

CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,600,000 1,281 Strata 26 to 30 1,249 Aug-14

�

CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,700,000 1,281 Strata 26 to 30 1,327 Mar-13

�

CLOVER BY THE PARK BISHAN STREET 25 Condominium 20 RCR 99 yrs lease commencing from 2007 1 1,800,000 1,281 Strata 31 to 35 1,405 Oct-12

�

Many thanks.

PS : Bishan as usual, pricey.

Edited by Baal, 23 September 2014 - 08:25 PM.

I very heng.. In Q3/Q4 2012 I was looking around.. Went to view a old unit that is slated for enbloc selling at 1.37m, but I didn't buy bec don't like the facing of the unit and felt price too high, this unit was sold in 3 days..

The enbloc deal didn't materialize and last transaction for units around the same floor was at 1.07million...omg.. 300k paper loss for that buyer in 1 year+

Wahahahahaha, well done!

In Q3/Q4 2012 , i sensed that market was beginning to consolidate, must sell sometime mid 2013.
So i put my property up for sale. Indeed it took me 6mths to sell. .... Am very happy i did.

I very heng.. In Q3/Q4 2012 I was looking around.. Went to view a old unit that is slated for enbloc selling at 1.37m, but I didn't buy bec don't like the facing of the unit and felt price too high, this unit was sold in 3 days..

The enbloc deal didn't materialize and last transaction for units around the same floor was at 1.07million...omg.. 300k paper loss for that buyer in 1 year+

�

Eunosville?

http://www.straitsti...raders-20140924

�

It is becoming harder than ever for Housing Board upgraders to make the leap to private property, despite softening prices.

�

The price gap between an HDB flat and one in a private condo has widened, hampering those who rely on resale proceeds to fund their new home - not least in the light of tougher home loan curbs.

�

A 2011 Goldman Sachs study found that the price gap in the first quarter of that year was $490 per sq ft, a record then. That means a 1,000 sq ft condominium unit would have cost $490,000 more than a resale HDB flat with the same floor area.

�

A five-room HDB flat is slightly larger than 1,000 sq ft.

�

..........

�

�

DREAM A LITTLE LONGER

It does mean that private housing for HDB upgraders is becoming more unaffordable.

- SLP International Property Consultants research head Nicholas Mak, on buyers having to fork out more

�

DREAM FULFILLED

Many HDB upgraders have already fulfilled their dreams of upgrading.

- R'ST Research director Ong Kah Seng, who does not see the growing price gap between HDB and condo units as cause for alarm

�

Edited by Mockngbrd, 24 September 2014 - 10:15 AM.

http://www.straitsti...raders-20140924
�
�

It is becoming harder than ever for Housing Board upgraders to make the leap to private property, despite softening prices.
�

The price gap between an HDB flat and one in a private condo has widened, hampering those who rely on resale proceeds to fund their new home - not least in the light of tougher home loan curbs.
�
A 2011 Goldman Sachs study found that the price gap in the first quarter of that year was $490 per sq ft, a record then. That means a 1,000 sq ft condominium unit would have cost $490,000 more than a resale HDB flat with the same floor area.
�
A five-room HDB flat is slightly larger than 1,000 sq ft.
�
..........
�
�
�
�

Private condo is a luxury.
The third biggest mistake is to think that everyone should own one.
The second biggest mistake is to think that it is the garment responsibility to help everyone own one
The biggest mistake is the garment actually introducing policies and schemes to help everyone own one.

Grow up Singapore!

the spore dream mah

ec free
coe free
babycare free
education free
returement free

huat ah!

Private condo is a luxury.
The third biggest mistake is to think that everyone should own one.
The second biggest mistake is to think that it is the garment responsibility to help everyone own one
The biggest mistake is the garment actually introducing policies and schemes to help everyone own one.

Grow up Singapore!

�

So what are the implications of these mistakes being made?

http://www.todayonli...-correct-itself

�

While I do not disagree about the effects of panic selling in a property bubble, I disagree that the situation necessitates action from our authorities, as recommended in the letter �Curb supply to avert dangers of a burst property bubble� (Sept 23).

Firstly, over a 15-year period, property prices have more than doubled, with the hottest growth in the past five years � small wonder then that Singaporeans have relatively hefty mortgages now.

�

Even a modest 1,000sqf apartment exceeds S$1 million.

�

This is clearly untenable. While the authorities had instituted a series of cooling measures, it was the last one, the Total Debt Servicing Ratio of 60 per cent, that is proving to be the most effective.

�

Secondly, the surge in supply � 83,633 upcoming private homes (and 21,268 currently vacant units) � peaking next year and in 2016 was anticipated. Buyers, developers and banks went in with their eyes open.

�

On top of that, it was known that only about 8,000 private units were added annually in the past 10 years.

�

Thirdly, home ownership is a big, long-term investment for every family; decisions taken must be thought through. Singapore has public housing and there is no shame if one cannot afford or is not ready to buy private property.

�

Finally, those who leveraged to buy a home for occupancy will endure the ups and downs of the market, which are but paper gains or losses.

�

The real pain is for buyers of two or more properties with sizeable loans. In wanting quick riches, these borrowers could pay the price for any major downward correction through a potential default or top-up required by the bank for mortgage security.

�

Unfortunately, buyers who lacked financial prudence would similarly have to pay for rushing into the then red-hot market.

�

But the authorities have taken the correct steps.

�

There would have been a drastic collapse eventually if the market had been allowed to operate unchecked in the past few years. A correction is now timely, accentuated by the oversupply, declining rental opportunities and rising interest rates.

�

Unlike in the United States, most Singaporeans are generally conservative and prudent, which explains why our banks are paying less than 1.5 per cent for time deposits.

If the market corrects substantially, it gives new opportunities for these conservative Singaporeans to buy a private property at an affordable price, creating a new market and a consequential pick-up in demand.

Edited by Mockngbrd, 24 September 2014 - 04:05 PM.

http://www.singapore...rices-too-high/
"in explaining why the cooling measures are still needed, the Monetary Authority of Singapore (MAS) cited that prices went up 60 per cent over the last four years but have declined by just 3.3 per cent over the last three quarters.

What puzzles me is why the bottom of the last property cycle in 2009Q2 was chosen for the comparison. Why not choose the peak in 2008Q2, which were the prices before the disruption of the Global Financial Crisis, for the comparison? The increase would then be only 22% over 5 years or about 4% a year, not unreasonably high.

In assessing whether our property prices are too high, we should be focusing on the long term and not on the short term fluctuations. Taking the market peak in 2013Q3, we can compute the increase in property prices over various time periods."

A lot of us hope for the prices to drop...for the market corrects substantially, coz it gives new opportunities for these conservative Singaporeans to buy a private property at an affordable price, creating a new market and a consequential pick-up in demand.

With the ASEAN 2015 in place next dec n if the price do drop a lot...there will be lots of foreigners rushing in to buy..singaporeans will have to compete with them to buy then.

Nonetheless if the money has been devalued by so much..all thanks to mass money printing by our banks n this happened when at the same time.... property has crashed on such low levels then it means Singaporeans.. Majority hdb dwellers... Will be holding on to very devalued hdb flats.

Hdb, Ec, Condo and landed prices all correlated. When hdb price shots up or crashed..the rest will follow.

Will government want that scenerion to happen?

And if the affordability has been the crux of the problem..

If you are the developer.. How would you react? Continue to mint smaller sized property? To keep the quantum affordable?

If you are the government...how can you ensure that the people severely eroded purchase power is restored? Continue push for the economic reform n restructure while pushing up the local wages at the same time?

What would you do?

What do you think? Too overly simplistic? Too naive?

What I do know is that the prices of commodities have shot up a lot in the recent years. My $1 cant buy much this year..or the next.

Think.
just think about it.

Edited by enos, 24 September 2014 - 05:32 PM.

http://www.singapore...rices-too-high/
"in explaining why the cooling measures are still needed, the Monetary Authority of Singapore (MAS) cited that prices went up 60 per cent over the last four years but have declined by just 3.3 per cent over the last three quarters.

What puzzles me is why the bottom of the last property cycle in 2009Q2 was chosen for the comparison. Why not choose the peak in 2008Q2, which were the prices before the disruption of the Global Financial Crisis, for the comparison? The increase would then be only 22% over 5 years or about 4% a year, not unreasonably high.

In assessing whether our property prices are too high, we should be focusing on the long term and not on the short term fluctuations. Taking the market peak in 2013Q3, we can compute the increase in property prices over various time periods."

A lot of us hope for the prices to drop...for the market corrects substantially, coz it gives new opportunities for these conservative Singaporeans to buy a private property at an affordable price, creating a new market and a consequential pick-up in demand.

With the ASEAN 2015 in place next dec n if the price do drop a lot...there will be lots of foreigners rushing in to buy..singaporeans will have to compete with them to buy then.

Nonetheless if the money has been devalued by so much..all thanks to mass money printing by our banks n this happened when at the same time.... property has crashed on such low levels then it means Singaporeans.. Majority hdb dwellers... Will be holding on to very devalued hdb flats.

Hdb, Ec, Condo and landed prices all correlated. When hdb price shots up or crashed..the rest will follow.

Will government want that scenerion to happen?

And if the affordability has been the crux of the problem..

If you are the developer.. How would you react? Continue to mint smaller sized property? To keep the quantum affordable?

If you are the government...how can you ensure that the people severely eroded purchase power is restored? Continue push for the economic reform n restructure while pushing up the local wages at the same time?

What would you do?

What do you think? Too overly simplistic? Too naive?

What I do know is that the prices of commodities have shot up a lot in the recent years. My $1 cant buy much this year..or the next.

Think.
just think about it.

Er...the moral of the story is....
What doesnt kill you makes you stronger?

Wahahahahaaha

If you look back into the old property threads, many claimed SG govt will not allow the bubble to burst one, so no worrries, it won't happen.

3% correction only, don't need to worry so much.

Well if i look around my friends circle, a lot of them want to buy private properties but still waiting on the sidelines.

Not because they can't afford it, but just waiting for better value proposition.

�

So once price is corrected more substantially or government abolished some cooling measures they will jump in.

�

Hopefully these will support the market and form some kind of a soft landing rather than hard crash.

Just prepare enough money to own private property... and also be prepared for interest rate hike come mid-2015..

�

Don't borrow too much, or will ganna burnt..

As the saying goes: ???????, caution is the parent of safety

If you look back into the old property threads, many claimed SG govt will not allow the bubble to burst one, so no worrries, it won't happen.

3% correction only, don't need to worry so much.

Hee heee, yeah for sure.

Huat ah!

Well if i look around my friends circle, a lot of them want to buy private properties but still waiting on the sidelines.
Not because they can't afford it, but just waiting for better value proposition.
�
So once price is corrected more substantially or government abolished some cooling measures they will jump in.
�
Hopefully these will support the market and form some kind of a soft landing rather than hard crash.

May i ask
1. What kind of private property
2. How many of your friends
3. Will they need to take at least 50% loan
4. Is it investment property or to live in?

Thanks

http://www.singapore...rices-too-high/
"in explaining why the cooling measures are still needed, the Monetary Authority of Singapore (MAS) cited that prices went up 60 per cent over the last four years but have declined by just 3.3 per cent over the last three quarters.

What puzzles me is why the bottom of the last property cycle in 2009Q2 was chosen for the comparison. Why not choose the peak in 2008Q2, which were the prices before the disruption of the Global Financial Crisis, for the comparison? The increase would then be only 22% over 5 years or about 4% a year, not unreasonably high.

In assessing whether our property prices are too high, we should be focusing on the long term and not on the short term fluctuations. Taking the market peak in 2013Q3, we can compute the increase in property prices over various time periods."

A lot of us hope for the prices to drop...for the market corrects substantially, coz it gives new opportunities for these conservative Singaporeans to buy a private property at an affordable price, creating a new market and a consequential pick-up in demand.

With the ASEAN 2015 in place next dec n if the price do drop a lot...there will be lots of foreigners rushing in to buy..singaporeans will have to compete with them to buy then.

Nonetheless if the money has been devalued by so much..all thanks to mass money printing by our banks n this happened when at the same time.... property has crashed on such low levels then it means Singaporeans.. Majority hdb dwellers... Will be holding on to very devalued hdb flats.

Hdb, Ec, Condo and landed prices all correlated. When hdb price shots up or crashed..the rest will follow.

Will government want that scenerion to happen?

And if the affordability has been the crux of the problem..

If you are the developer.. How would you react? Continue to mint smaller sized property? To keep the quantum affordable?

If you are the government...how can you ensure that the people severely eroded purchase power is restored? Continue push for the economic reform n restructure while pushing up the local wages at the same time?

What would you do?

What do you think? Too overly simplistic? Too naive?

What I do know is that the prices of commodities have shot up a lot in the recent years. My $1 cant buy much this year..or the next.

Think.
just think about it.

�

If you're thinking that a plunge in property prices will severely erode the purchasing power of people, you're wrong. A declining property market improves the PPR http://en.wikipedia....urchasing_power

�

PPR is just how much you can get for a given amount of money. Currently, where it stands, one can only get a MM for $1M. That's the current PPR and I would say is pretty pathetic. Poor peaseants.

�

Property needs to take the plunge! The prudent will not suffer. The rash will take a beating.

Edited by Pmet, 25 September 2014 - 02:01 AM.

Well if i look around my friends circle, a lot of them want to buy private properties but still waiting on the sidelines.

Not because they can't afford it, but just waiting for better value proposition.

�

So once price is corrected more substantially or government abolished some cooling measures they will jump in.

�

Hopefully these will support the market and form some kind of a soft landing rather than hard crash.

�

True but you can't always assume a soft landing. There could be two outcomes.

�

1. Small correction will cause those waiting on the sidelines to go in. Result is not much price adjustment.

�

2. A larger correction or drastic move from the govt will cause everyone to be wary. Those waiting will wait longer, lest that he catches a falling knife. And I can tell you most will miss the boat and will never be able to go in.

�

So it can either be flat (#1) or plunge (#2).

Edited by Pmet, 25 September 2014 - 02:11 AM.

�
If you're thinking that a plunge in property prices will severely erode the purchasing power of people, you're wrong. A declining property market improves the PPR http://en.wikipedia....urchasing_power
�
PPR is just how much you can get for a given amount of money. Currently, where it stands, one can only get a MM for $1M. That's the current PPR and I would say is pretty pathetic. Poor peaseants.
�
Property needs to take the plunge! The prudent will not suffer. The rash will take a beating.

It's the eroded purchasing power that causes the commonalities prices to go up.

Most people realise this n start to pour their money into properties to preserve their wealth.

N is this phenomenon of high property prices only unique to Singapore or around the world?

Some buy not to rent out. They buy to keep it empty.

Why China is shoring up gold reserves? Why the ultra rich still snap up properties around the world?

Why the bank "inject" funds into the economy? when there's more money in the system what does it mean?

Did the supply of money in Singapore goes up or down? Did it coincide with the increase of property prices?

Every property cycle is different. Government can't stop the external factors to shock our system n economy. But it's disastrous if they crash the property prices only for it to break during the black Swan event.

Edited by enos, 25 September 2014 - 07:29 AM.

It's the eroded purchasing power that causes the commonalities prices to go up.

Most people realise this n start to pour their money into properties to preserve their wealth.

N is this phenomenon of high property prices only unique to Singapore or around the world?

Some buy not to rent out. They buy to keep it empty.

Why China is shoring up gold reserves? Why the ultra rich still snap up properties around the world?

Why the bank "inject" funds into the economy? when there's more money in the system what does it mean?

Did the supply of money in Singapore goes up or down? Did it coincide with the increase of property prices?

Every property cycle is different. Government can't stop the external factors to shock our system n economy. But it's disastrous if they crash the property prices only for it to break during the black Swan event.

Haha nice try. But at least understand what you are asking or talking about first.

And by the way, how many million dollar properties did you buy in the last 12 mths?

Edited by Throttle2, 25 September 2014 - 07:47 AM.

you all discussion very the cheem�

�

i just know that prices still very high

�

and i heard developer for highline want to raise price somemore next week liao

�

haiz, why like that? i thought ppl say developers are slashing price?

�

or maybe highline developer raise price psf and give it back in voucher ??� [smash] � [smash]

All developers will say they will increase price for the subsequent launch phases.

It's to make buyers feel they're losing out if they don't buy now.

But in the end it's all about supply and demand, if the take up rate decreases they will have to stay with current prices or even lower it later.

It's buyers market now.

�

Although, location wise highline is very nice, will be the last private condo built in TB MRT for a while.

�

you all discussion very the cheem�

�

i just know that prices still very high

�

and i heard developer for highline want to raise price somemore next week liao

�

haiz, why like that? i thought ppl say developers are slashing price?

�

or maybe highline developer raise price psf and give it back in voucher ??� �

�

Haha yeah, lots of people missed the boat in 2009 because they were waiting for too long.

If prices dropped a lot again in future, they will wait again like you said and will miss the boat .....again haha.

�

�

True but you can't always assume a soft landing. There could be two outcomes.

�

1. Small correction will cause those waiting on the sidelines to go in. Result is not much price adjustment.

�

2. A larger correction or drastic move from the govt will cause everyone to be wary. Those waiting will wait longer, lest that he catches a falling knife. And I can tell you most will miss the boat and will never be able to go in.

�

So it can either be flat (#1) or plunge (#2).

�

you all discussion very the cheem�

�

i just know that prices still very high

�

and i heard developer for highline want to raise price somemore next week liao

�

haiz, why like that? i thought ppl say developers are slashing price?

�

or maybe highline developer raise price psf and give it back in voucher ??� �

�

Vouchers need to declare to bank or not when taking loan?

�

If declare will affect quantum?

many will rush to buy ... knee jerk liao

�

http://www.todayonli...-monies-housing

Attached Thumbnails

Edited by Wt_know, 25 September 2014 - 11:42 AM.

Rush to buy, then after that crash liao.�� + PAP re-election gg

Edited by Mockngbrd, 25 September 2014 - 11:47 AM.

many will rush to buy ... knee jerk liao

�

http://www.todayonli...-monies-housing

�

Sometimes, I feel policy makers must declare their property holdings (direct and indirect).

�

If as a policy maker with direct influence and as a beneficial owner of multiple properties, how can you expect the public not have doubts when you sit by and allow property to run so far ahead?

�

Sometimes, I feel policy makers must declare their property holdings (direct and indirect).

�

If as a policy maker with direct influence and as a beneficial owner of multiple properties, how can you expect the public not have doubts when you sit by and allow property to run so far ahead?

�

wait long long tho'

Cap the bugger. I sappork.

�

But that'll never happen.

�

Vouchers need to declare to bank or not when taking loan?

�

If declare will affect quantum?

�

i have not come across any voucher given before

�

but i guess not lah, unless the vouchers are worth like few hundred grand, according to some gurus

It's the eroded purchasing power that causes the commonalities prices to go up.

Most people realise this n start to pour their money into properties to preserve their wealth.

N is this phenomenon of high property prices only unique to Singapore or around the world?

Some buy not to rent out. They buy to keep it empty.

Why China is shoring up gold reserves? Why the ultra rich still snap up properties around the world?

Why the bank "inject" funds into the economy? when there's more money in the system what does it mean?

Did the supply of money in Singapore goes up or down? Did it coincide with the increase of property prices?

Every property cycle is different. Government can't stop the external factors to shock our system n economy. But it's disastrous if they crash the property prices only for it to break during the black Swan event.

This is what happened to euro property market such as Greece and Spain... Looking at them now i think We should be grateful our government is trying to control our market.

For skyline, willing buyer happy developer. Another bishan8

Rush to buy, then after that crash liao.�� + PAP re-election gg

If there is Rush to buy, very good!
Once the rush is over, we know what happens.
I would like to see how much rush...heh he

This is what happened to euro property market such as Greece and Spain... Looking at them now i think We should be grateful our government is trying to control our market.

For skyline, willing buyer happy developer. Another bishan8

http://judymorrisrep...e-it-lacks.html

Singapore has been the only Asian country in the top 10 listed in International Property Rights Index.

this is basic bare bone ulu private condo hor ... don't need to talk about D9/10

800 sqft x $1250psf = $1,000,000

1000 sqft x $1150 = $1,150,000

no 1M no talk ... OUT OF REACH

http://www.todayonli...still-out-reach

Attached Thumbnails

Edited by Wt_know, 26 September 2014 - 09:54 AM.

this is basic bare bone ulu private condo hor ... don't need to talk about D9/10

800 sqft x $1250psf = $1,000,000

1000 sqft x $1150 = $1,150,000

no 1M no talk ... OUT OF REACH

http://www.todayonli...still-out-reach

�

oh why is property so expensive... so out of reach..�

�

i wish we can return to 5 yrs ago where ulu condo in lakeside was just $700psf. And upgraders can afford a proper 1,300 sqft apartment

�

Now it is $1,500 psf more than a year of softening. Dunno what to say...� :mellow: �

Edited by Wyfitms, 26 September 2014 - 02:29 PM.

�

�

oh why is property so expensive... so out of reach..�

�

i wish we can return to 5 yrs ago where ulu condo in lakeside was just $700psf. And upgraders can afford a proper 1,300 sqft apartment

�

Now it is $1,500 psf more than a year of softening. Dunno what to say...� �

�

�

Damn funny gif

this is basic bare bone ulu private condo hor ... don't need to talk about D9/10
800 sqft x $1250psf = $1,000,000
1000 sqft x $1150 = $1,150,000
no 1M no talk ... OUT OF REACH
http://www.todayonli...still-out-reach

You didn't look hard enough.

There are still 797 sqft units going for 810k+, 1033 sqft units for 900k+. Location next to sea n right next to an international school formally located at orchard. Mrt 3 bus stops away.

Just that typical singaporeans mostly go for condos near mrt stations only.

Edited by enos, 26 September 2014 - 07:41 PM.

how many years old condo?

1033sqft for $900k+ is not "cheap" though considering 3 bus stops away ...

Edited by Wt_know, 26 September 2014 - 08:03 PM.

how many years old condo?

1033sqft for $900k+ is not "cheap" though considering 3 bus stops away ...

As mentioned earlier..most singaporeans investors only look for condos near mrt For investment.

If you are looking for ready pool of tenants... You should look out for international schools with no dormitory too.Hence..

It's not cheap since it's just right next I.E just a road across.. to an international school which is being relocated from orchard. Its kindergarten teacher pay starts at least 6k. It's a huge complex.

It's not cheap since its not far from mrt..with amenities such as 24hr supermarket coffeeshops etc just behind it. Yet it's near the sea.

It's not cheap since it's fresh 99 lease
lease. It's top is estimated to be within 2years.

But it's still reasonably priced since there are plans for mrt soon..just not announced. N not surrounded by hdbs or other condos. Mid sized development of 460+ units compared to 600+ or 900+ mass market condo.

N that it's not built by "famous" big boys like far east, uol etc.

Edited by enos, 26 September 2014 - 09:40 PM.

good info ... thanks [thumbsup]

If you want near mrt..also have....

7xx sqft for 800k-ish
9xx sqft for 900k-ish

Just that by the time Top in 2019, the property already aged by 11years..The developer didn't top up the lease.

N with lots of bay windows n planters...it's units are smaller than the other developments. N it's surrounded by 3000+ other condo units..so rents will be pressured due to high competition.

http://www.todayonli...-correct-itself

�

�

�

�

�

The real pain is for buyers of two or more properties with sizeable loans. In wanting quick riches, these borrowers could pay the price for any major downward correction through a potential default or top-up required by the bank for mortgage security.

�

�

�

The last people we have to worry about is those with 2 or more properties.

�

when bubble building up developer suck buyers dry

nabei ... make money that time all diam diam and never ask govt to stop the market euphoria

now cry papa cry mama asking for bailout to offload excessive inventory

Edited by Wt_know, 26 September 2014 - 11:07 PM.

when bubble building up developer suck buyers dry

nabei ... make money that time all diam diam and never ask govt to stop the market euphoria

now cry papa cry mama asking for bailout to offload excessive inventory

�

Haha the devs are on the same bed as the govt. Govt may bail them out but companies like CDL also have inventories overseas like China. Their time will come and govt will be grilled again for loosing tax payers' money. Best way out for Govt then is to allow one to fail.

Edited by Pmet, 26 September 2014 - 11:56 PM.

As mentioned earlier..most singaporeans investors only look for condos near mrt For investment.

If you are looking for ready pool of tenants... You should look out for international schools with no dormitory too.Hence..

It's not cheap since it's just right next I.E just a road across.. to an international school which is being relocated from orchard. Its kindergarten teacher pay starts at least 6k. It's a huge complex.

It's not cheap since its not far from mrt..with amenities such as 24hr supermarket coffeeshops etc just behind it. Yet it's near the sea.

It's not cheap since it's fresh 99 lease
lease. It's top is estimated to be within 2years.

But it's still reasonably priced since there are plans for mrt soon..just not announced. N not surrounded by hdbs or other condos. Mid sized development of 460+ units compared to 600+ or 900+ mass market condo.

N that it's not built by "famous" big boys like far east, uol etc.

you are referring to which international school? Overseas Family? They shifting to far east for new campus.. Stamford American? Rather big campus with no dom, located at woodleigh potong pasir..

If you want near mrt..also have....

7xx sqft for 800k-ish
9xx sqft for 900k-ish

Just that by the time Top in 2019, the property already aged by 11years..The developer didn't top up the lease.

N with lots of bay windows n planters...it's units are smaller than the other developments. N it's surrounded by 3000+ other condo units..so rents will be pressured due to high competition.

where?

you are referring to which international school? Overseas Family? They shifting to far east for new campus.. Stamford American? Rather big campus with no dom, located at woodleigh potong pasir..
where?

Both projects very far east. The limelight has not fallen upon the first development is because most singaporeans looking at condos near mrt. Not near international schools.

The 2 bedders are slowly being snapped up. Think sold out for the 2nd development... Left only the 1st development... Which is slowly but surely moving.

If the government casts its attention to the west and north..then look elsewhere coz all the subsequent condo projects in west and north would already have priced into these units.

If you are looking for long term investment....Always remember.... foresight not hindsight.

cos once the government shifts it's attention to the rest of the region... Then the prices of the existing units or further projects will raise.

By then your investment would have reaped it's rewards.

you are referring to which international school? Overseas Family? They shifting to far east for new campus.. Stamford American? Rather big campus with no dom, located at woodleigh potong pasir..
where?

"Long Term Investment" is quickly being defined as any investment that cannot be sold at a profit at the moment....

Wahahahahahah.

Both projects very far east. The limelight has not fallen upon the first development is because most singaporeans looking at condos near mrt. Not near international schools.

The 2 bedders are slowly being snapped up. Think sold out for the 2nd development... Left only the 1st development... Which is slowly but surely moving.

If the government casts its attention to the west and north..then look elsewhere coz all the subsequent condo projects in west and north would already have priced into these units.

If you are looking for long term investment....Always remember.... foresight not hindsight.

cos once the government shifts it's attention to the rest of the region... Then the prices of the existing units or further projects will raise.

By then your investment would have reaped it's rewards.

Vue 8 and coco palm?

http://www.straitsti...ig-hit-20140929

�

For 11 out of 34 units sold in District 1, rentals would have been unable to cover the assumed mortgages, said SLP International's Mr Mak. -- ST PHOTO: DESMOND WEE

By Rennie Whang

AS THE luxury residential segment flounders, properties in the Downtown area have taken an especially big hit.

More loss-making transactions have occurred in this area so far this year, compared with last year. Fewer profit-making transactions have taken place.

Resale prices in the area have also fallen faster than those in the traditional prime districts, reflecting its status as a less established high-end residential area.

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According to data compiled by ST Property, there were seven loss-making transactions in the Downtown area in the first eight months of this year.

- See more at: http://www.straitsti...h.5lZJOBro.dpuf

�

Full article:
http://fisheyer.com/...take-a-big-hit/

�

peter-dinklage-dancing-gif-from-game-of-
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AS THE luxury residential segment flounders, properties in the Downtown area have taken an especially big hit. More loss-making transactions have occurred in this area so far this year, compared with last year. Fewer profit-making transactions have taken place.
�

Resale prices in the area have also fallen faster than those in the traditional prime districts, reflecting its status as a less established high-end residential area. According to data compiled by ST Property, there were seven loss-making transactions in the Downtown area in the first eight months of this year.
�

They ranged from a $60,000 loss from the resale of a 1,130 sq ft unit at Marina Bay Residences last month to a $343,200 loss from the subsale of a 506 sq ft unit at Robinson Suites in April. In comparison, there were just two such transactions in the same period last year � a $30,740 loss from the resale of a 667 sq ft unit at The Sail in January and a $82,400 loss from the resale of a 1,184 sq ft unit, also at The Sail in the same month.

The number of profitable transactions slid from 37 in the first eight months of last year to 27 in the same period this year. The average annualised profit margin from profitable transactions fell as well, from 9.4 per cent a year in the first eight months of last year to 4.83 per cent a year in the same period this year, said SLP International executive director Nicholas Mak.
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He added that there was a higher risk of suffering a loss on an investment in a one-bedroom unit this year as five out of seven loss- making deals over the two time periods involved investments in one-bedders (60 sq m, or about 646 sq ft, or smaller). Mr Mak noted that in the first eight months of this year, for 11 out of 34 units sold in District 1, rentals would have been unable to cover the assumed mortgages, assuming median market rents.
�

This compares with five out of 39 sales over the same period last year. Owners putting up high-end residential units for resale may also be feeling the strain of competing with developers with ample unsold stock, said R�ST Research director Ong Kah Seng. Developers may be offering attractive discounts, or even renting out units instead of selling them.
�

�This impacts owners who are investors, so their best choice would be to sell the unit away at a loss,� he said. Resale prices in the Downtown area have fallen by about 8 per cent over the past year, whereas resale prices in Districts 9 to 11 fell about 5 per cent over the same period, Mr Ong noted.
�

Prices are steadier in Districts 9 to 11 as they are more established as exclusive areas, said Mr Ong. �Owners (in these areas) are more willing to hold on to the properties even as prices decline �on paper� � they take pride in their property�s established location.� He noted that units in traditional prime districts are also usually larger, a reflection of the fact that their owners are typically wealthier.
�

All 330 units in Ardmore Park, for example, are 2,885 sq ft. In comparison, condominiums in the Central Business District usually comprise a mix of small, average and large units. �When the overall high-end residential segment plunges, those newer high-end residential localities without an entrenched positioning might see prices falling faster,� said Mr Ong.

n those are with caveats lodged. cash only trasactions sometimes dont lodge caveats for privacy reasons.

�

Full article:
http://fisheyer.com/...take-a-big-hit/

�

�

AS THE luxury residential segment flounders, properties in the Downtown area have taken an especially big hit. More loss-making transactions have occurred in this area so far this year, compared with last year. Fewer profit-making transactions have taken place.
�

Resale prices in the area have also fallen faster than those in the traditional prime districts, reflecting its status as a less established high-end residential area. According to data compiled by ST Property, there were seven loss-making transactions in the Downtown area in the first eight months of this year.
�

They ranged from a $60,000 loss from the resale of a 1,130 sq ft unit at Marina Bay Residences last month to a $343,200 loss from the subsale of a 506 sq ft unit at Robinson Suites in April. In comparison, there were just two such transactions in the same period last year � a $30,740 loss from the resale of a 667 sq ft unit at The Sail in January and a $82,400 loss from the resale of a 1,184 sq ft unit, also at The Sail in the same month.

The number of profitable transactions slid from 37 in the first eight months of last year to 27 in the same period this year. The average annualised profit margin from profitable transactions fell as well, from 9.4 per cent a year in the first eight months of last year to 4.83 per cent a year in the same period this year, said SLP International executive director Nicholas Mak.
�

He added that there was a higher risk of suffering a loss on an investment in a one-bedroom unit this year as five out of seven loss- making deals over the two time periods involved investments in one-bedders (60 sq m, or about 646 sq ft, or smaller). Mr Mak noted that in the first eight months of this year, for 11 out of 34 units sold in District 1, rentals would have been unable to cover the assumed mortgages, assuming median market rents.
�

This compares with five out of 39 sales over the same period last year. Owners putting up high-end residential units for resale may also be feeling the strain of competing with developers with ample unsold stock, said R�ST Research director Ong Kah Seng. Developers may be offering attractive discounts, or even renting out units instead of selling them.
�

�This impacts owners who are investors, so their best choice would be to sell the unit away at a loss,� he said. Resale prices in the Downtown area have fallen by about 8 per cent over the past year, whereas resale prices in Districts 9 to 11 fell about 5 per cent over the same period, Mr Ong noted.
�

Prices are steadier in Districts 9 to 11 as they are more established as exclusive areas, said Mr Ong. �Owners (in these areas) are more willing to hold on to the properties even as prices decline �on paper� � they take pride in their property�s established location.� He noted that units in traditional prime districts are also usually larger, a reflection of the fact that their owners are typically wealthier.
�

All 330 units in Ardmore Park, for example, are 2,885 sq ft. In comparison, condominiums in the Central Business District usually comprise a mix of small, average and large units. �When the overall high-end residential segment plunges, those newer high-end residential localities without an entrenched positioning might see prices falling faster,� said Mr Ong.

�

The net return for one bedroom units in downtown may have dropped to below 3% pa

Edited by Porker, 29 September 2014 - 10:52 AM.

Mockngbrd has the best gifs.

I just camping here, dont mind me.

�

http://www.straitsti...t-srpi-20140929

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Reveals a NUS index

The overall SRPI value is 151.8.

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The resale prices of private non-landed residential properties remained flat in August, the National University of Singapore�s Singapore Residential Price Index revealed today.

�

The SRPI Index was also flat in July. Resale prices of private condominiums in the Central District were unchanged at 139.5, while the SRPI index in non-central regions inched up by a very marginal 0.1% to 164.2.

�

Currently, SRPI indexes are published in the form of value-weighted indexes. The SRPI is the index for the overall non-landed residential market in Singapore based on the whole SRPI property basket. Two sub-indexes are also produced for the Central and non-Central regions.

�

The Central region sub-basket comprises properties within the overall SRPI basket located in Postal Districts 1 through 4 and 9 through 11 while properties in the other postal districts are in the non-Central region sub-basket.�

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Edited by Mockngbrd, 29 September 2014 - 03:16 PM.

http://www.straitsti...6-cent-20141001

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SINGAPORE - The Housing Board released its flash estimate of the Resale Price Index (RPI) for the third quarter of this year on Wednesday.

It was 192.5, a decline of 1.6 per cent over the previous quarter.The RPI provides information on the general price movements in the resale public housing market. The transacted prices of individual flats can be found on the HDB's website.The RPI for the full quarter and more detailed public housing data for the third quarter will be released on Oct 24.

In November, the HDB will offer about 4,290 Build-To-Order (BTO) flats in Sembawang, Sengkang, Tampines and Yishun. In addition, about 3,000 flats will be offered in a concurrent Sale of Balance Flats exercise.

Running out of gifs

http://www.stpropert...uarter/a/182744

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PRICES of private residential properties slipped for the fourth straight quarter, flash estimates from the Urban Redevelopment Authority (URA) showed.

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The overall Private Residential Property Price index, covering both landed and non-landed homes, fell 0.6 per cent in the third quarter, after slipping one per cent in the preceding quarter.

�

Prices of landed properties fell 1.7 per cent, after falling by the same magnitude in the previous quarter.

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Prices of non-landed condos also fell across all segments. The Core Central Region saw prices slipping 0.9 per cent, after a 1.5 per cent decline in the second quarter, while the Rest of Central Region saw prices dipping 0.1 per cent, compared to the 0.4 per cent decline in the previous quarter.

Prices in the Outside Central Region dipped 0.2 per cent, compared to a 0.9 per cent fall in the previous quarter.

�

The URA said that the flash estimates are compiled based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, supplemented by survey data on new units sold by developers in the quarter.

The data will be updated four weeks later when the URA releases the full real estate statistics for the third quarter, which captures more data on the caveats lodged and the take-up of new projects.

but agents said singapore land scarce, 6.9M population ... property price can only go UP

�

Edited by Wt_know, 01 October 2014 - 12:03 PM.

Slowly slowly, all it takes is a small crack to break a dam, due to the pent up pressure to let go brought about by huge supply and tough rules and tight financing..... Heehee....

Just camping, dont mind me.

Edited by Throttle2, 01 October 2014 - 11:05 PM.

Edited by Duckduck, 02 October 2014 - 10:08 AM.

Iskandar 'housing glut' may hit rents

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A LOOMING housing glut in Iskandar Malaysia may weigh down rental yields in the economic zone, with homes being left empty.

The warning this time came from Malaysia's national organisation of developers, the Real Estate & Housing Developers Association (Rehda).

F.D. Iskandar, president of Rehda, noted that some 30,000 homes could be completed by 2016 or early 2017 in Iskandar.

If these are mainly sold to buyers outside Malaysia and Singapore, "then you will see that these units will be empty and once they are put up for rent and there are so many units available, that will put pressure on rental yields", he said.

Malaysia's federal government is "actually looking seriously" at this issue, Mr Iskandar added. But land administration in Malaysia lies within the state government's authority.

In the past 12 to 18 months, the deluge of homes launched or in the pipeline by Chinese developers, including Country Gardens and Guangzhou R&F Properties, has stoked concerns over a looming housing glut in the Iskandar region, which encompasses an area of more than 2,000 sq km in Johor.

"Obviously, we have seen developers from China launching a few thousand units at one go," Mr Iskandar said, adding that Malaysian or Singaporean developers would typically have 400 to 600 units in one project.

Most of the buyers of these Chinese projects come from mainland China, he observed. "Upon completion, they will not use this as their main home, there will be some concerns about these residential units being empty."

But Iskandar is bigger than Nusajaya or Danga Bay, he said, adding that demand for landed homes still "looks very strong".

Mr Iskandar noted that many Singaporean buyers prefer to buy from Singapore developers or reputable Malaysian developers.

There has also been much interest from Singaporean investors in industrial as well as commercial properties.

Meanwhile, other hot property spots in Malaysia such as Penang and Greater Kuala Lumpur are likely to be shielded from the supply glut in Iskandar as strong population growth in these areas is still supporting fundamental demand for housing, according to Mr Iskandar.

Kuala Lumpur's population is six million, and could grow to 10 million by 2020 through demographic growth, urbanisation and intra-state migration.

Mr Iskandar estimated that this would translate to some 170,000 homes being built each year, based on the assumption of four people per household.

Investment yields from residential properties in Penang and Kuala Lumpur are likely to hold up in the region of 5 to 8 per cent, while commercial properties could reap higher yields, he projected.

The retail segment has also emerged as a strong component, with Kuala Lumpur being ranked by global news network CNN as the fourth-best city in the world for shopping, after New York, London and Tokyo.

With the upcoming high-speed rail between Singapore and Malaysia expected to cut travelling time from 51/2 hours to just 90 minutes, both Kuala Lumpur and Singapore will benefit from greater inter-city travel and cross-border investments, Mr Iskandar said.

Still, he is not asking potential buyers to completely snub Iskandar, which he believes to be a "highly investible location".

But he has a piece of advice: "Please look at the quality of the developers. Be savvy investors. If it's for owner-occupation, there's no worry whatsoever, but if it is for investment, you need to do due diligence before buying."

THE BUSINESS TIMES

Edited by Mockngbrd, 02 October 2014 - 11:24 AM.

Woohooo

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Conclusion: market direction is down

*yawn*

no $1M no talk ... long term investment ... hehe

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Edited by Wt_know, 02 October 2014 - 02:38 PM.

no $1M no talk ... long term investment ... hehe

�

now that the oversupply is becoming reality, the last straw is SIBOR rising 1-2% to push sellers off the edge.

�

For a long time already ive given up timing the market, instead i study the market & come up with a conclusiion, then wait for it to hopefully appear. nobody knows when rates will jump, maybe this yr end but most likely next onwards for a couple of yrs... which likely mean the best prices for buyers are over the next 12-24mths... when some if not all the cooling measures have been removed.

no $1M no talk ... long term investment ... hehe

Ok, dont sell nevermind.
Can continue buying or not?
Wahahah....
Eat already dont pangsai, dont vomit, can continue eating or not?
Wahaha

When subprime issues stared at those peoples faces, didnt they do the same thing?
Ie. Ignore and held on.
We know what happened afterwhich.....
Therefore, dont ignore the signs. Clear signs.

Song boh?

The bigger the nn, the more they will sag.

�

Ditto the property mkt...

Edited by Sabian, 02 October 2014 - 03:44 PM.

Song boh everyone? Drop drop away.. who is stress raise hand!

Song boh everyone? Drop drop away.. who is stress raise hand!

I clapping hands

But not yet, wait till real rates move or people start losing jobs.

I work at asia square food court and overheard that a lot of cost cutting and belt tightening on the way.

amdk say yen drop no gooder (for almost 20 years)

http://www.bloomberg...ery-afraid.html

Edited by Mockngbrd, 03 October 2014 - 11:48 AM.

amdk say yen drop no gooder (for almost 20 years)

http://www.bloomberg...ery-afraid.html

�

http://blogs.marketw...ocgens-edwards/

�

this AM really sucks lah... knn since 2010 calling for snp500 450... makes me wonder wat kinda idiots socgen hires..

Talk so much bird...

�

Didn't Soc Gen nearly kamikaze itself?

�

http://www.bloomberg...id=ax3yON_uNe7I

Not yet�

Wait for 2015 for interest rates to rise. From 0.25% to:

0.5% will cause another 5% drop
0.75% will cause another 2% drop
1% will cause another 3% drop

See... total drop only 10% if interest rises to 1% next year. But that's on top of the govt's measure which is already biting. So assuming 8% from the CMs, plus another 10% will be 18% drop next year�

If interest rates increases another 1% in 2016 we will only see an exponential plunge. Perhaps another 30% drop in 2016.

Wah! Property really bearish now...

�

Also, just to add that govt is unlikely to lift any of the CM till the first interest rate increase, lest that they shoot themselves in their own foot. If they lift CM now, more ppl will chiong to buy and when interest rate start to increase they GG during election liao.

Edited by Pmet, 03 October 2014 - 06:32 PM.

Initially thought that things wont be so bad but if the HK demos continue and tensions are not properly managed, there could be sufficient impact in the investment environment to rock the boat. Tread carefully now.....

I think i will take a trip down soon to assess the situation.

Edited by Throttle2, 05 October 2014 - 12:33 PM.

Property expert coming to hk

Lee Ka Shing need to make appointment to meet with him haha

Edited by Goldbug, 07 October 2014 - 06:35 AM.

Times are so bad that M+S' Marina One sales team needs to hand out flyers

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 35

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