mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 25

porker, your points are well noted [thumbsup]

yes, i do feel the same about the balcony thingy
balcony is getting bigger and bigger and useable space is getting smaller and smaller

Edited by Wt_know, 01 May 2014 - 08:42 PM.

Why balcony make so big one ar? My house small balcony big, i one week maybe only step 1-2 times into the balcony. Wad a waste of space!

balcony is easy money ... i have seen balcony as big as 1/2 children room size ...

Why balcony make so big one ar? My house small balcony big, i one week maybe only step 1-2 times into the balcony. Wad a waste of space!

balcony is easy money ... i have seen balcony as big as 1/2 children room size ...

Yah i seen one in 2br condo of the mezzo in balestier, balcony about half size of living Room. Really wasting space can have bigger sofa and dining table

Balcony can be very nice.

Especially for high rise apt, feel so stuffed up.

Once in a while have dinner or drinks at balcony .

Not forgetting cigar

yes ... been there done that ... but the balcony facing and view is also important
1200-1400sqft 3bedder with balcony vs 900-1001sqft mini 3-bedder with balcony ...
quite a big difference ... hehe

Balcony can be very nice.

Especially for high rise apt, feel so stuffed up.

Once in a while have dinner or drinks at balcony .

Not forgetting cigar

Edited by Wt_know, 01 May 2014 - 08:55 PM.

yes ... been there done that ... but the balcony facing and view is also important
1200-1400sqft 3bedder with balcony vs 900-1001sqft mini 3-bedder with balcony ...
quite a big difference ... hehe

Of course, i talking about units >1500 Sft and plus 150 sft balcony..aiyoh

but the problem now is 700-1000sqft 2-3 bedder unit got big balcony ... lol

Edited by Wt_know, 01 May 2014 - 09:12 PM.

Balcony can be very nice.

Especially for high rise apt, feel so stuffed up.

Once in a while have dinner or drinks at balcony .

Not forgetting cigar

�

Indeed. When I was renovating my 100�sqm 4rm�flat, actually wanted to DIY a balcony that eats into my living room. But the due to size contraints, it was awkward & I gave up the idea.�

�

I wanted it to be my smoking point where I can light up w/o exposing my daughters to 2nd hand smoke & coating the house progressively with 3rd hand smoke. But anyway I stay on a low floor. So I just take the stairs down every 1.5-2hrs.

For me its likely not for investment but stay in. But nonetheless, i dont want to be a robert :( .
With so much talk on the next recession & Garmen stabilizing the market for 2015, may not be bad to let the landed go after tenency (or maybe renew another 6-12mths)�& wait for market to crash in 2017-2018 [scholar] � [:p]

�

Very insightful�info u shared on the probs that aging condo faces. [nod]

�

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).

�

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.

�

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.

�

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.

�

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.

�

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.

�

�

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.

�

�

�

no surprises [thumbsup]

�

unit that is < $1M = snapped up on 1st day

unit between $1M to $1.5M will move as long as there is discount (so to speak)

�

SINGAPORE: The Commonwealth Towers condominium near the Queenstown MRT station saw strong demand at its launch on Thursday.

Developers said that as at 8pm, 175 of the 400 units launched were sold, with at least another 100 buyers waiting in line.

One property analyst said the lack of recent launches in the area may have driven up sales for the project.

�

Many people took advantage of the May Day holiday to check out the latest property launch in the Queenstown area.

Franky Lim, a potential buyer, said: "This is quite a good location. The psf (per square foot) is slightly over what we thought it would be. The quantum is also not small so we are still considering."

�

The most popular are the two-bedroom units, which are going from S$965,000.

More than 50 per cent of those units have since been sold.

�

The launch saw 300 units on offer initially but developers decided to add another 100 in view of the strong demand.

The development has a total of 845 units consisting of one- to four-bedroom units ranging from 441 to 1,302 square feet.

�

Prices start from S$721,000 for the one-bedroom units to S$2.2 million for a four-bedroom unit. Analysts said the lack of recent launches in the area may have boosted sales for the Commonwealth Towers project.

The last condominium in the area was launched some four years ago.

�

Ku Swee Yong, CEO of Century 21 Singapore, said: "Today's showing is (also) evidence that there are a lot of investors who, firstly they qualify under the TDSR (Total Debt Servicing Ratio) and ABSD (Additional Buyer�s Stamp Duty) rules, and they are also happy to put their investment money to work in a product that is well-located as well as with good interior furnishings."

�

Attractive prices are also important in drawing buyers, especially for two upcoming projects at Kim Tian Road and Prince Charles Crescent.

�

Prices have not been released yet but analysts expect developers to take the cue from the market reaction for Commonwealth Towers.

Channel NewsAsia understands that the Kim Tian Road site has the highest land cost at S$1,163 psf per plot ratio. This is followed by the Prince Charles Crescent plot at S$960 psf ppr.

�

Another project which opened for preview on Thursday is the Waterfront Faber. The 199-unit development at Clementi saw some 400 visitors at its showflat. �

�

- CNA/ms

Edited by Wt_know, 01 May 2014 - 10:44 PM.

Of course, i talking about units >1500 Sft and plus 150 sft balcony..aiyoh

Problem not everyone can afford that kind of property lol

no surprises
�

99 yrs leasehold?

look at the price will tell it is 99yrs leasehold

�

Problem not everyone can afford that kind of property lol

99 yrs leasehold?

�

look at the price will tell it is 99yrs leasehold
�
�

Like that very expensive le, can get at west coast area better somemore freehold

how many years old the FH?

�

btw, commonwealth towers is targeted TOP in 2019 (legal completion date 2022)

by then what is the property price? very high risk huh?

but by 2030 with 6.9M population ... probably can sell $2M for 1000sqft unit? [sly]

�

Like that very expensive le, can get at west coast area better somemore freehold

�

Edited by Wt_know, 01 May 2014 - 11:22 PM.

how many years old the FH?
�
btw, commonwealth towers is targeted TOP in 2019 (legal completion date 2022)
by then what is the property price? very high risk huh?
but by 2030 with 6.9M population ... probably can sell $2M for 1000sqft unit?
�
�

Think less than 10 yrs old but at least its a freehold. Hold its value well lol

2br in commonwealth about 900-1m, when completion smelly2 sure can sell 1.2m. Now jurong 2 br selling more than that liao.

Think less than 10 yrs old but at least its a freehold. Hold its value well lol

2br in commonwealth about 900-1m, when completion smelly2 sure can sell 1.2m. Now jurong 2 br selling more than that liao.

Ridiculous pricing. Ex colleague bought a penthouse in Taman Jurong (under construction) for close to $2mil. Crazy ridiculous pricing

Ridiculous pricing. Ex colleague bought a penthouse in Taman Jurong (under construction) for close to $2mil. Crazy ridiculous pricing

Joker taman jurong is not a nice place to live. Is it lakefront residence? If yes then still quite good cos beside mrt.

Joker taman jurong is not a nice place to live. Is it lakefront residence? If yes then still quite good cos beside mrt.

I think so. Whatever it is it is just ridiculous to pay close to $2mil at such location.

I think so. Whatever it is it is just ridiculous to pay close to $2mil at such location.

I almost bought that place 2br for 1.0xm but i see design of condo really lousy and ugly moreover its 99 only and i do drive car so no need mrt, so noisy. I stayed before in parc vista facing mrt track, everyday macam got war tanks passing by lol

I almost bought that place 2br for 1.0xm but i see design of condo really lousy and ugly moreover its 99 only and i do drive car so no need mrt, so noisy. I stayed before in parc vista facing mrt track, everyday macam got war tanks passing by lol

�

Yea, it's now little india that condo. My main prob is the sheet in the washing basin in the changing toilet beside the pool. Ppl there are just maniacs. Let's forget about the constant vibration from the MRT

�
Yea, it's now little india that condo. My main prob is the sheet in the washing basin in the changing toilet beside the pool. Ppl there are just maniacs. Let's forget about the constant vibration from the MRT

Yes when i viewed the house, another buyers also indian. Swimming pool also got many indian learning how to swim with instructors. Toilet really makes u sick cos people in pool can see clearly inside.

I stayed in that condo 9-10 years ago, very nice as its just TOP and everything is new. Definitely one of best condo in sg in term of facility and Building. Now quite well maintained but the house need major reno

i got advice that buy for investment and buy for living is totally different set of criteria leh

�

forget about mrt track, forget about facing main road, forget about low floor

most importantly is good entry price ... and the upmost criteria is NEXT TO MRT ... rental income guaranteed!

no worry whether is 500sqft (1room) or 700 sqft (2room) ... that's all the space need for FT eXpat (single not whole family type)

Joker taman jurong is not a nice place to live. Is it lakefront residence? If yes then still quite good cos beside mrt.

If got waterfront plus link to SG MRT, JB by the same logic shd be at least 1.4M for the same penthouse size as Porker's colleague?

Afterall, it's 1 more stop after Tuas only.

I almost bought that place 2br for 1.0xm but i see design of condo really lousy and ugly moreover its 99 only and i do drive car so no need mrt, so noisy. I stayed before in parc vista facing mrt track, everyday macam got war tanks passing by lol

There's almost no such thing as FH/999 and near to MRT.

Except maybe Shunfu area.

It's either FH but further from MRT (> 15 min leisure walk) or 99 yr and within 3 min to MRT.

Best if the MRT is underground.

i got advice that buy for investment and buy for living is totally different set of criteria leh
�
forget about mrt track, forget about facing main road, forget about low floor
most importantly is good entry price ... and the upmost criteria is NEXT TO MRT ... rental income guaranteed!
no worry whether is 500sqft (1room) or 700 sqft (2room) ... that's all the space need for FT eXpat (single not whole family type)

True!

Especially if your unit is priced lower due to facing etc, you csn stomach a corresponding lower rent and active the same yield as your neighbour owners.

these 175 buyers all never read newspaper? Don't know that prices are falling by 20% this year? LOL

�

too lazy to search for nearby resale which will be at least 20% cheaper?

�

or is it due to other reasons that they are still buying?

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

�

best ROI is new HDB flat

�

Save up and move on to a better home and then rent flat out after MOP

�

��

these 175 buyers all never read newspaper? Don't know that prices are falling by 20% this year? LOL

�

too lazy to search for nearby resale which will be at least 20% cheaper?

�

or is it due to other reasons that they are still buying?

�

The trend now is buying new home, not resale. Newspaper is flooded with condo ad, TV ad keep flashing new�condo launch, agents keep sending sms on new launch. Who will bother with resale?

that's why BTO > single, retirement, whatever is selling like hot cakes

you got 1 x BTO is like kena mini-TOTO liao ... no $250k profit no talk!

�

my colleague keep boasting to me his best decision ever getting a BTO at punggol ... made $400K-ish profit

�

�

best ROI is new HDB flat

�

Save up and move on to a better home and then rent flat out after MOP ��

�

Edited by Wt_know, 02 May 2014 - 10:41 AM.

�

hey man, im just a number cruncher. i only spit out the numbers

each person is free to form their own opinion based on hard numbers ;)

�

bro ... nobody know the timing la. when u enter and u get good tenant and a fair return ... just go for it. if u can secure decent corporate tenant and rental covers mortgage (and a 0.5% increase) .. you can consider liao. cherry on top if can cover mcst and prop tax !

�

Hmm, are you saying�if can cover mortgage, mcst and property tax, its a no-brainer?

�

Hmm, are you saying�if can cover mortgage, mcst and property tax, its a no-brainer?

�

keep location in mind and whether you can support the property in the event that there's no tenant for say, 6 months to a year. if you can do this, then it should be fine. also keep in mind rising interest rates (that's why i said, if you can make a little extra its safer).

�

current market returns for residential may be hard to cover all of those expenses ... so if you can find ... then why not? better than having the $ sit in your bank account and not doing much ...

�

keep location in mind and whether you can support the property in the event that there's no tenant for say, 6 months to a year. if you can do this, then it should be fine. also keep in mind rising interest rates (that's why i said, if you can make a little extra its safer).

�

current market returns for residential may be hard to cover all of those expenses ... so if you can find ... then why not? better than having the $ sit in your bank account and not doing much ...

�

Makes sense. Thinking to do that with my current place.

If got waterfront plus link to SG MRT, JB by the same logic shd be at least 1.4M for the same penthouse size as Porker's colleague?

Afterall, it's 1 more stop after Tuas only.

There's almost no such thing as FH/999 and near to MRT.

Except maybe Shunfu area.

It's either FH but further from MRT (> 15 min leisure walk) or 99 yr and within 3 min to MRT.

Best if the MRT is underground.

True!

Especially if your unit is priced lower due to facing etc, you csn stomach a corresponding lower rent and active the same yield as your neighbour owners.

GOT shuttle bus counted anot? [:p]

Best homes to stay are:-

Serenity, not noisy, not dusty, not messy.
Proper residential neighborhood
Not within 250m of MRT
Not within 250m of Estate Center.
Supported by good road network.

For your viewing pleasure

Attached Thumbnails

- Kovan Melody 1.55m , 1250sqft 3br.

2006, 800 units.� (Approx)

�

- Kovan�Residences 1.7m , 1250sqft 3br. 2011, 500 units. (Approx)

�

- Noted right beside MRT,�very near Heartland Mall, hawker, NTUC, Cold Storage, overall newer.

�

But yet pricing similar to Chuan Park area. Is it because further from Town & expressway?

�

Also heard that most ideal is for # of units to be at 500. Because, too few high cost as fewer SP to divide. Too many, difficult to get things done. Eg, enbloc, pass resolutions.

�

From a live in perspective, will the options at Chuan or Kovan be better. Both areas are near kid's school & near both side's parents place. .

�

PS : Hmm, just noted that Castle Green also seems not bad.

1997, 664 units, price about 300k less than above, yet 5 mins walk to MRT.

Location slightly off but still familiar enough.

�

Btw, since each SP is entitled to a car lot. If a SP choose to park his motorcycle there, will there be a problem? Thanks

Edited by Baal, 02 May 2014 - 02:49 PM.

Best homes to stay are:-

Serenity, not noisy, not dusty, not messy.
Proper residential neighborhood
Not within 250m of MRT
Not within 250m of Estate Center.
Supported by good road network.

�

Sentosa Cove, quiet, residential enclave, no MRT, no estate center to speak of, roads there very smooth. [thumbsup]

Edited by L_club23, 02 May 2014 - 02:53 PM.

- Kovan Melody 1.55m , 1250sqft 3br.

2006, 800 units.� (Approx)

�

- Kovan�Residences 1.7m , 1250sqft 3br. 2011, 500 units. (Approx)

�

- Noted right beside MRT,�very near Heartland Mall, hawker, NTUC, Cold Storage, overall newer.

�

But yet pricing similar to Chuan Park area. Is it because further from Town & expressway?

�

Also heard that most ideal is for # of units to be at 500. Because, too few high cost as fewer SP to divide. Too many, difficult to get things done. Eg, enbloc, pass resolutions.

�

From a live in perspective, will the options at Chuan or Kovan be better. Both areas are near kid's school & near both side's parents place. .

�

�

PS : Hmm, just noted that Castle Green also seems not bad.

1997, 664 units, price about 300k less than above, yet 5 mins walk to MRT.

Location slightly off but still familiar enough.

�

Btw, since each SP is entitled to a car lot. If a SP choose to park his motorcycle there, will there be a problem? Thanks

�

I can give u the last transacted for these places if you want.

�

as for bike parking in car lot - need to check with mcst but from my experience, most wont allow since your neighbors may kpkb ...

�

I can give u the last transacted for these places if you want.

�

as for bike parking in car lot - need to check with mcst but from my experience, most wont allow since your neighbors may kpkb ...

�

Thanks, but should be ok. �I can check at URA site just like checking at HDB site for recent transactions (which I had prev done)�right ?

�

hmm I see. In this case if a condo owner does not have a car llst, esp since there wont be concessions on maintenance fees.

�

Thinking of something no older than 20yrs at point of moving in. So that should I reno, I get to use what I paid for. Assuming stay there for 20yrs, the place would be 40yo already.

�

Assuming have both�hdb & condo, it actually makes more sense to rent out the latter. But main incentive for condo is for my daughters. esp during primary/secondary sch days. Much safer environment downstairs for cycling, moving about in general.

�

I heard 1 input frpm a guy whom mentioned, the Garmen will never allow a condo/hdb to cross 40-50yo. If cant enbloc, they will 1 way or another force a sale of sorts. Is there any truth? If so, will it result in being under compensated? Thanks

�

Thanks, but should be ok. �I can check at URA site just like checking at HDB site for recent transactions (which I had prev done)�right ?

�

hmm I see. In this case if a condo owner does not have a car llst, esp since there wont be concessions on maintenance fees.

�

Thinking of something no older than 20yrs at point of moving in. So that should I reno, I get to use what I paid for. Assuming stay there for 20yrs, the place would be 40yo already.

�

Assuming have both�hdb & condo, it actually makes more sense to rent out the latter. But main incentive for condo is for my daughters. esp during primary/secondary sch days. Much safer environment downstairs for cycling, moving about in general.

�

I heard 1 input frpm a guy whom mentioned, the Garmen will never allow a condo/hdb to cross 40-50yo. If cant enbloc, they will 1 way or another force a sale of sorts. Is there any truth? If so, will it result in being under compensated? Thanks

�

no idea. i have the system access (and just checked that there were 2 transactions on april 21st, one for kovan melody and one for kovan residences, both transacted at 10% and 25% less than what you specified as the seller's price)

�

not sure about hdb rulings so hopefully another bro with more experience can help you with that

�

�

I heard 1 input frpm a guy whom mentioned, the Garmen will never allow a condo/hdb to cross 40-50yo. If cant enbloc, they will 1 way or another force a sale of sorts. Is there any truth? If so, will it result in being under compensated? Thanks

�

For condo, govt cannot force it to enbloc. it is based on market forces and willing buyer seller

�

For HDB, it is also not a guarantee that it will be enbloc. Pls see below

�

Mr Khaw Boon Wan (The Minister for National Development):�The Selective En bloc Redevelopment Scheme (SERS) is part of the Government�s estate renewal strategy for older estates. It allows intensification of land use and revitalises such estates through new developments. At the same time, it offers an opportunity for flat owners to buy a new replacement flat with a fresh 99 year lease.

In the last 10 years, SERS has benefitted the owners of about 18,000 flats. As the name suggests, the identification of suitable precincts for SERS is selective. The selection of sites and pace of SERS will depend on factors such as their redevelopment potential, and the availability of replacement sites for rehousing and other resources.

Currently, there are about 300 HDB blocks with 31,000 flats which are more than 40 years into their 99-year flat leases.

Like all leasehold properties, HDB flats will revert to HDB, the landowner, upon expiry of their leases. HDB will in turn surrender the land to the State.

�

no idea. i have the system access (and just checked that there were 2 transactions on april 21st, one for kovan melody and one for kovan residences, both transacted at 10% and 25% less than what you specified as the seller's price)

�

not sure about hdb rulings so hopefully another bro with more experience can help you with that

�

Wow, up to 25%. That's really a lot !!� Prices for resale Condo really plunging......

�

For condo, govt cannot force it to enbloc. it is based on market forces and willing buyer seller

�

For HDB, it is also not a guarantee that it will be enbloc. Pls see below

�

Mr Khaw Boon Wan (The Minister for National Development):�The Selective En bloc Redevelopment Scheme (SERS) is part of the Government�s estate renewal strategy for older estates. It allows intensification of land use and revitalises such estates through new developments. At the same time, it offers an opportunity for flat owners to buy a new replacement flat with a fresh 99 year lease.

In the last 10 years, SERS has benefitted the owners of about 18,000 flats. As the name suggests, the identification of suitable precincts for SERS is selective. The selection of sites and pace of SERS will depend on factors such as their redevelopment potential, and the availability of replacement sites for rehousing and other resources.

Currently, there are about 300 HDB blocks with 31,000 flats which are more than 40 years into their 99-year flat leases.

Like all leasehold properties, HDB flats will revert to HDB, the landowner, upon expiry of their leases. HDB will in turn surrender the land to the State.

�

Many thanks.

�

Thanks for all input. I am also�trawling property Guru to get a feel & research.

�

Wow, up to 25%. That's really a lot !!� Prices for resale Condo really plunging......

�

Kovan Melody, 120sqm, $1123psf, sold 21st April 2014 (#09-xx)

�

Kovan Residences, 134sqm, $1088psf, sold 21st April 2014 (#16-xx)

�

Kovan Melody, 114sqm, $1084psf sold 16th April 2014 (#12-xx)

�

Kovan Melody, 113sqm, $1096psf, sold 14th April 2014 (#16-xx)

�

you can see where prices are hovering, so dont overpay hor ... now is buyer's market

note that there is a plan to build the new NS Expressway in 2016 and I think it runs just next to Castle Green. Not sure if it isunderground or semi covered or overhead.

�

.PS : Hmm, just noted that Castle Green also seems not bad.

1997, 664 units, price about 300k less than above, yet 5 mins walk to MRT.

Location slightly off but still familiar enough.

�

Btw, since each SP is entitled to a car lot. If a SP choose to park his motorcycle there, will there be a problem? Thanks

GOT shuttle bus counted anot?

Knn. Like that no meaning liao.

Might as well say got shuttle car called comfort teksi.

�
Wow, up to 25%. That's really a lot !!� Prices for resale Condo really plunging......

�
Many thanks.
�
�
Thanks for all input. I am also�trawling property Guru to get a feel & research.

The seller/ agent got smoke you or not? The last 2 year transacted prices as per URA range near 1200 psf for small units and 1 100 psf for bigger units.

Download the URA app and check caveat prices for yourself.

For projects like the Kovan condos you listed, sure have a lot of transactions on record for your reference.

Thanks for all the invaluable input.

�

I just looking at the asking prices at propertyguru. I assume theres some mark up for bargaining. Wont be approaching agent anytime soon.

�

The Castle Green part is a wild card man, can make or break the place.

�

But in my family's case, buyer or seller mart's will cut both ways. Ideal situation will be landed up 2016, condo down 2016. But I doubt so right. Usually all interlinked.

Thanks for all the invaluable input.

�

I just looking at the asking prices at propertyguru. I assume theres some mark up for bargaining. Wont be approaching agent anytime soon.

�

The Castle Green part is a wild card man, can make or break the place.

�

But in my family's case, buyer or seller mart's will cut both ways. Ideal situation will be landed up 2016, condo down 2016. But I doubt so right. Usually all interlinked.

�

check classified better bro.�

�

Kovan Melody, 120sqm, $1123psf, sold 21st April 2014 (#09-xx)

�

Kovan Residences, 134sqm, $1088psf, sold 21st April 2014 (#16-xx)

�

Kovan Melody, 114sqm, $1084psf sold 16th April 2014 (#12-xx)

�

Kovan Melody, 113sqm, $1096psf, sold 14th April 2014 (#16-xx)

�

you can see where prices are hovering, so dont overpay hor ... now is buyer's market

�

launch was around $900 - $1000 psf

�

never profit much after so long

�

launch was around $900 - $1000 psf

�

never profit much after so long

�

for kovan melody - launch was $400+ psf. just checked.

�

all the new sales listed in 2004 were done at $450psf to a hair under $500 psf.

�

so quite a few owners made money.

�

for the #09-xx unit, the original owner bought in 2004 for 516psf, and sold for 952psf in 2010 and that owner in turn sold 2-3 weeks ago for 1123psf after 4 years =)

�

(too lazy to do the exact work for kovan residences since the results are similar, but a cursory look at the first 20 transactions are all around $540psf to $650psf during launch in 2009)

�
for kovan melody - launch was $400+ psf. just checked.
�
all the new sales listed in 2004 were done at $450psf to a hair under $500 psf.
�
so quite a few owners made money.
�
for the #09-xx unit, the original owner bought in 2004 for 516psf, and sold for 952psf in 2010 and that owner in turn sold 2-3 weeks ago for 1123psf after 4 years =)
�
(too lazy to do the exact work for kovan residences since the results are similar, but a cursory look at the first 20 transactions are all around $540psf to $650psf during launch in 2009)

Thanks for the info!

1st owner smelly smelly made $450k

2nd owner smelly smelly made $200k

as reported in the news, i think only CCR high end property is probably selling at a loss ... OCR and mass market still can make money now but a lot lesser compare to 2012-13

- Kovan Melody 1.55m , 1250sqft 3br.
2006, 800 units.� (Approx)
�
- Kovan�Residences 1.7m , 1250sqft 3br. 2011, 500 units. (Approx)
�
- Noted right beside MRT,�very near Heartland Mall, hawker, NTUC, Cold Storage, overall newer.
�
But yet pricing similar to Chuan Park area. Is it because further from Town & expressway?
�
Also heard that most ideal is for # of units to be at 500. Because, too few high cost as fewer SP to divide. Too many, difficult to get things done. Eg, enbloc, pass resolutions.
�
From a live in perspective, will the options at Chuan or Kovan be better. Both areas are near kid's school & near both side's parents place. .
�
�
PS : Hmm, just noted that Castle Green also seems not bad.
1997, 664 units, price about 300k less than above, yet 5 mins walk to MRT.
Location slightly off but still familiar enough.
�
Btw, since each SP is entitled to a car lot. If a SP choose to park his motorcycle there, will there be a problem? Thanks

Ideal max is 300units thereabouts.
My ideal is about 200units.
However all this is subjective, as it depends on plot size and facilities and very importantly tenant mix.
Kovan Melody, is pure mass market.
But a pretty convenient one.

However, the layout of the property is lousy like a maze and the plot size is too small for comfort imo.

I would not pay more than $800psf for this in current market.

Of course i am just an ah siao, plse dont mind me.
But i am the same ah siao who said that 20% down is a given from 6 mths ago.
The same ah siao who said 50% downpayment for cars is the way to go.
The same ah siao who is saying that COE prices will come off to $50k within a year.
Yup the same ah siao , i am.

Edited by Throttle2, 02 May 2014 - 06:33 PM.

I subscribe to this:

�

https://www.squarefo...sis/residential

�

In my opinion this is a value-for-money service as you get more than just caveat information.

�

Also, do refer to the following article on why Kovan land plots may not fare as well as those near Lorong Chuan in terms of future en-bloc potential:

�

http://www.stpropert...ots-ura/a/32970

�

I feel that Castle Green has too many units for comfort based on the facilities available. One measure of comfortable condo living would be the resident to facility ratio. Also, the project is getting quite old so maintenance will be a growing concern.

�

- Kovan Melody 1.55m , 1250sqft 3br.

2006, 800 units.� (Approx)

�

- Kovan�Residences 1.7m , 1250sqft 3br. 2011, 500 units. (Approx)

�

- Noted right beside MRT,�very near Heartland Mall, hawker, NTUC, Cold Storage, overall newer.

�

But yet pricing similar to Chuan Park area. Is it because further from Town & expressway?

�

Also heard that most ideal is for # of units to be at 500. Because, too few high cost as fewer SP to divide. Too many, difficult to get things done. Eg, enbloc, pass resolutions.

�

From a live in perspective, will the options at Chuan or Kovan be better. Both areas are near kid's school & near both side's parents place. .

�

�

PS : Hmm, just noted that Castle Green also seems not bad.

1997, 664 units, price about 300k less than above, yet 5 mins walk to MRT.

Location slightly off but still familiar enough.

�

Btw, since each SP is entitled to a car lot. If a SP choose to park his motorcycle there, will there be a problem? Thanks

�

any lobang? [nod]

�

I would not pay more than $800psf for this in current market.

�

Edited by Wt_know, 02 May 2014 - 07:37 PM.

once again agent, consultant and what have you are talking up the property

�

Edited by Wt_know, 02 May 2014 - 07:59 PM.

any lobang?
�
�
�

Lobang, must wait
In other words, i wont be bothered with Kovan Melody...
I think i rather take a big HdB anytime.

Top 5

5. Woodlands - muayhahahah
4. Choa Chu Kang - muayhahahahahah
3. CBD - ok understandable but if you see the Sail quality, you vomit
2. Bedok - 900+ units muayhaha
1. Tanjong Rhu - ok lah...

And the key to the analysis?
Increase from Project sale price....

Muayhahahahahahahahahahahahahahahahahahahahahahahah

Oooo ka ho eh boh??

Really laugh my eyebrows off.

Edited by Throttle2, 02 May 2014 - 09:59 PM.

Sell koyok one.

Sell koyok one.

Super Koyok.

But at least get some agents who can speak properly LAH....

hahaha .... especially the costa del sol guy ...

Super Koyok.

But at least get some agents who can speak properly LAH....

Edited by Wt_know, 02 May 2014 - 10:06 PM.

i do feel the same ... must wait ... how long ... dont know
anyway, just had a casual chitchat with a buddy during dinner
i start the conversation "i am not going to pay more than $800psf for mass market condo especially simi jurong, cck, tampinese"

then my buddy quickly cut in ...
if fall to $800psf, the last few years new launches average $1200psf how? all kena screwed high and dry?

in 2009/2010 average $800psf skyrocketed to $1200psf in a short 3-4 years
so how long will it take to return to $800psf ... 2014 gradually drop till 2016/2017?

anyway, those bought between 2010-2013 will not sell even property drop below $1000psf for mass market condo. be it for investment or live in ... they will hold for long long ... it is priced for the future
they might buy high but dont think there will be firesale. 6.9M population will come to the rescue.
that's end of our discussion

Lobang, must wait
In other words, i wont be bothered with Kovan Melody...
I think i rather take a big HdB anytime.

Edited by Wt_know, 02 May 2014 - 10:27 PM.

i do feel the same ... must wait ... how long ... dont know
anyway, just had a casual chitchat with a buddy during dinner
i start the conversation "i am not going to pay more than $800psf for mass market condo especially simi jurong, cck, tampinese"

then my buddy quickly cut in ...
if fall to $800psf, the last few years new launches average $1200psf how? all kena screwed high and dry?

in 2009/2010 average $800psf skyrocketed to $1200psf in a short 3-4 years
so how long will it take to return to $800psf ... 2014 gradually drop till 2016/2017?

anyway, those bought between 2010-2013 will not sell even property drop below $1000psf for mass market condo. be it for investment or live in ... they will hold for long long ... it is priced for the future
they might buy high but dont think there will be firesale. 6.9M population will come to the rescue.
that's end of our discussion

Dude, i think you have not understood my words, although i have explained.

$800psf is just a number.
I could have said, $850, $900, 650 etc..., wont really matter.
I mean to say, Kovan Melody just isnt my target, when its $800psf, i will be buying better ones at $1500psf.

I can see the winter coming so i gather like the Ant.

understood [thumbsup]

�

Dude, i think you have not understood my words, although i have explained.

$800psf is just a number.
I could have said, $850, $900, 650 etc..., wont really matter.
I mean to say, Kovan Melody just isnt my target, when its $800psf, i will be buying better ones at $1500psf.

I can see the winter coming so i gather like the Ant.

�

at this kind of expectation of bid ... how would property price go down?

�

Published May 01, 2014

Top bid for Potong Pasir plot seen at $650-900 psf ppr

Commercial use capped at 5,000 sq m, or 8.8% of project's maximum GFA

By Kalpana Rashiwala

.com.sg'>kalpana.com.sg

A COMMERCIAL and residential site next to Potong Pasir MRT Station launched for sale on the confirmed list of the Government Land Sales Programme is expected to draw four to eight bids.

Property consultants' forecasts for the top bid varied from $650 to $900 per square foot of potential gross floor area. The tender for the site closes on Aug 19.

The government yesterday also made available for application on the reserve list an executive condominium (EC) site at the corner of Sembawang Road and Canberra Link, although most market watchers are not expecting it to be triggered for launch anytime soon as there is sufficient EC supply.

Both sites have 99-year leasehold tenures.

Sites on the reserve list are launched for tender upon successful application by a developer with an undertaking of a minimum bid price acceptable to the State. Confirmed list sites, on the other hand, are launched for tender according to a known schedule, regardless of demand.

The 1.6 hectare Potong Pasir site, located along Meyappa Chettiar Road, can be developed into a 13 to 16-storey project with a maximum gross floor area (GFA) of 56,523 square metres (608,408 square feet). Of this, a maximum 5,000 sq m (53,819.5 sq ft) - or 8.8 per cent of the total GFA - can be for commercial use. This includes a 500 sq m (about 5,382 sq ft) cap for restaurant use - due to traffic congestion issues. The Urban Redevelopment Authority has also banned uses such as bars, pubs, karaoke lounges, night clubs and massage parlours for the project's commercial component - as they cause or pose disamenities such as noise, disorderly behaviour and other disturbances to residents of the project as well as surrounding developments.

URA has set a 5,000 sq m cap for total commercial use as there are already other retail facilities in the vicinity and in order not to strain the capacity of the road network in the area.

The project's residential component can generate an estimated 685 private homes. A through-block link has been safeguarded in the development to make it convenient for commuters to walk from the MRT station to the HDB neighbourhood centre.

CBRE Research head Desmond Sim said: "We expect bids to come in from blue-chip developers as well as some joint ventures to mitigate the equity investment and market risk."

This will be the fifth site that URA will be selling around Potong Pasir MRT Station since 2010. The earlier plots are now being developed into three condo projects - Nin Residence, Sennett Residence and Sant Ritz - and a mixed development, The Venue Residences and Shoppes.

Lee Lay Keng, DTZ regional head (SEA), Research, predicts an $800-900 per square foot per plot ratio (psf ppr) top bid. This is higher than the $793 psf ppr at which The Venue site nearby was awarded in September 2012 - because of the bigger commercial component compared with the earlier plot's 2,000 sq m.

Jones Lang LaSalle national director Ong Teck Hui said: "With residential units in nearby developments currently selling for around $1,400 psf, bidders are likely to use this as a reference point in their pricing but also take into account a likely softening in prices by the time the project is launched for sale."

As for the Sembawang EC site, consultants' estimates of its pricing range from $280 to $350 psf ppr. R'ST Research director Ong Kah Seng reckons that the earliest the plot could be triggered for release from the reserve list would be in late-Q3 or in Q4 this year. "There's some sense of oversaturation of new private homes and ECs in the immediate vicinity and in the Sembawang location in general."

A City Developments-TID consortium bagged the next door EC plot at a state tender that closed in January this year at $350 psf ppr. At the 506-unit SkyPark Residences, a nearby EC project that was launched in Q4 last year, only 293 units were sold as at end-Q1 this year.

Edited by Wt_know, 02 May 2014 - 11:44 PM.

Alamak, i thought i already explained this?

No inventory(land) no sales.
No sales, no business.

"Experts" forecast bid to be between $650-900 psf, muayhaha almost 50% range who cant forecast?

I also predict top bid is by a company who got no "inventory"

Edited by Throttle2, 03 May 2014 - 12:01 AM.

Just saw a post from my friend on coco palms showflat...its crowded man.

looks like upgraders still out in force.

waiting for field report from commonwealth towers for this weekend

i think there is another new launch waterfront faber ... [thumbsup]

�

Edited by Wt_know, 03 May 2014 - 04:46 PM.

Just saw a post from my friend on coco palms showflat...its crowded man.

looks like upgraders still out in force.

I may be flamed but ....
Mass market upgraders are perhaps the most kiasu, ratracing, category at large.

With a showflat in their area, they will just take it as an excursion.
Must been seen there becos so are the neighbors

Mass Market will continue to cheong regardless, but the supply is enough drown the demand.
944 units, wah say....
Mass mean Many mah.....so there must be many many but still not enough.
And They will react at the slightest tease and nudge.
Once they buy one, they are out of the equation.
Its still early in the game.

Arent you happy there are less and less to compete with?
If i were in that category of $1mil to 2mil properties, i would be jumping glad!!

Edited by Throttle2, 03 May 2014 - 07:56 PM.

i am jumping glad that the pool of buyer for $1M-$2M properties is greatly reduced
some buy because they want the location for whatever reason ie school, near parent, sentimental, etc
cant help it ... it is good people get what they want

i guess this is what we said "you can't have it both ways"

Edited by Wt_know, 03 May 2014 - 08:49 PM.

Just saw a post from my friend on coco palms showflat...its crowded man.

looks like upgraders still out in force.

Bro, i was informed that the pricing is $1000+Psf for 500sft unit and for "bigger" units , the pricing is $800++psf.... Its been a while since prices are below the $1000psf mark?
Am not sure as i dont follow this segment.
But it sounds that prices are depressed and the developers know it well to price accordingly and move their inventory. Even so, withh 950 units, lets see if they can sell half.

So if anyone asks me where prices are going, i would firmly still say South.

"Priced to sell" - hahah of course, have to price to sell lah.

"First mover advantage" - hahah, advantage for who? Buyer? I think its first mover advantage for seller.
Whoever sells first, heng ah..... All rushing to launch....hoho

These agents really can lie through the skin of their teeth.....wahahahahwahaha!

Attached Thumbnails

Alamak, i thought i already explained this?

No inventory(land) no sales.
No sales, no business.

"Experts" forecast bid to be between $650-900 psf, muayhaha almost 50% range who cant forecast?

I also predict top bid is by a company who got no "inventory"

�

Usually Company sell and lease back property in foreseeing dwn and buy back during low. ..

�

Wonder which company has this is idea.

$498K 1 room can get what rental huh?

seems not bad leh if few mins walk to mrt ... sure can let to FT

Edited by Wt_know, 04 May 2014 - 11:36 AM.

$498K 1 room can get what rental huh?
seems not bad leh if few mins walk to mrt ... sure can let to FT

Not bad, you buy lah. Wahahahaa

developer absorb 10% absd?

no cash la ... can see only ... wahahaha

�

Not bad, you buy lah. Wahahahaa

�

Edited by Wt_know, 04 May 2014 - 11:43 AM.

developer absorb 10% absd?
no cash la ... can see only ... wahahaha
�
�

Fact is who people have money, dont want to buy such properties.
This is to cater to the folks who only have several hundred of thousands spare and no knowledge or avenue of investing. But as i said, the demand is thinning out day after day.

An agent just informed me that seller dropped price by another $100k for me if i am sincere and show him the check. My reply was, no need, thanks.

And most folks in sg are those lack of investment knowledge and have few hundred thousands, so cheaper condo will still be a better investment huahahahaha

assuming majority of buyer/investor is above 31 years (likely) and buying 2nd or 3rd properties

LTV is 20% - 30%, this means they do have few hundreds Ks to dispose [thumbsup]

if hits TDSR 60% ... the 2nd MM that costs $500k-$700k is paid ca$h?

with progressive payment plan ... should be achievable, right

Edited by Wt_know, 04 May 2014 - 01:26 PM.

assuming majority of buyer/investor is above 31 years (likely) and buying 2nd or 3rd properties
LTV is 20% - 30%, this means they do have few hundreds Ks to dispose
if hits TDSR 60% ... the 2nd MM that costs $500k-$700k is paid ca$h?
with progressive payment plan ... should be achievable, right

Achievable base on best case, ie. income is forever good and growing?

SURE!

will there be firesale when someone cannot catch up with their payments? [sly]

�

Achievable base on best case, ie. income is forever good and growing?

SURE!

�

will there be firesale when someone cannot catch up with their payments?
�
�

I only know that there is a half finished Semi D in my estate sitting there for the last 3 yrs becos kena receivership......

Wah if 800++ psf, that's comparable to EC liao leh.

Bro, i was informed that the pricing is $1000+Psf for 500sft unit and for "bigger" units , the pricing is $800++psf.... Its been a while since prices are below the $1000psf mark?
Am not sure as i dont follow this segment.
But it sounds that prices are depressed and the developers know it well to price accordingly and move their inventory. Even so, withh 950 units, lets see if they can sell half.

So if anyone asks me where prices are going, i would firmly still say South.

will there be firesale when someone cannot catch up with their payments?

�

�

�

Wait for margin call, then all hell break loose muahahahahaha.

Can go in and pick the bones...

Wah if 800++ psf, that's comparable to EC liao leh.

Yup thats the pricing guidance, as on those pesky emails spams from agents.

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.

�

I'm impressed. [thumbsup]
�

HIGHLINE RESIDENCES TIONG BAHRU [thumbsup]

�

this one will beat Commonwealth Towers

�

http://www.sginvestg...es-tiong-bharu/

Edited by Wt_know, 07 May 2014 - 09:31 AM.

i thought wheelock said making provision did not mean that they would cut prices?

�

Wheelock to cut prices for The Panorama

Agents say prices at re-launch this Sunday could be up to 10% lower than that at initial launch

LYNETTE KHOO

.com.sg'>lynkhoo.com.sg��

PRINT�|EMAIL�THIS ARTICLE

Wheelock Properties's condominium project in Ang Mo Kio, The Panorama, is gearing up for a re-launch this Sunday, with agents saying that new prices could be as much as 10 per cent lower than those at the initial launch�- PHOTO: WHEELOCK PROPERTIES

�

[SINGAPORE] Wheelock Properties's condominium project in Ang Mo Kio, The Panorama, is gearing up for a re-launch this Sunday, with agents saying that new prices could be as much as 10 per cent lower than those at the initial launch.

The re-pricing comes on the heels of earlier price cutting by its rivals to hasten sales amid mounting pressure from upcoming condo launches.

Balloting takes place on Sunday.

A one-bedder at The Panorama could start from $565,000, a two-bedder from $820,000 and a three-bedder from $1,175,000, according to marketing agents of the project.

These guided prices translate to $1,100-1,310 per square foot (psf), depending on the unit size. One-bedroom units at The Panorama are 431-474 square feet, two bedroom units are 678-700 sq ft and three bedroom units are in the 990-1,066 sq ft range.

Bigger units at The Panorama - four-bedders, five-bedders and penthouses - do not come under this "promotion" and are made available only on request from buyers.

The Panorama showflat re-opens today with a new one-bedroom show unit after a seven-week hiatus. Poor turnouts at the showflat after the first couple of weeks prompted the developer to temporarily close the showflat in mid-March for a revamp - barely three months from its January launch.

Some 58 units of the 698-unit project were moved in January at prices ranging from $1,234 psf to $1,591 psf, with a median price of $1,343 psf. Another four units were sold subsequently, with the last median price at $1,457 psf in March.

Also in District 20, CapitaLand relaunched its Bishan project, Sky Habitat, two weeks ago at lower prices of between $1,276 and $1,590 psf - around 10-15 per cent below the initial price range when it was launched two years ago. The tactical move apparently worked - more than 100 units have been sold since the re-launch.

CapitaLand is also dangling a 15 per cent discount for a key District 10 project, D'Leedon at Farrer Road, which is due to receive its temporary occupation permit (TOP) by year-end but has about 700 unsold units remaining. The one-bed plus study units start from $1.3 million, while a three-bedder starts from $2.2 million.

Tepid sales at The Panorama have prompted Wheelock to make a $110 million provision for the project, which pushed the group deeper in the red with a loss of $91.3 million for its fiscal fourth quarter ended Dec 31, 2013, compared with a $30.8 million loss a year ago. For the full year, however, Wheelock posted a profit of $40 million, down nearly 37 per cent from the previous year.

�

10%? agent said 5% drop is max liao ... 10-15% chop dee dee ... lol

�

10-15% is $100k-$150k per million ... wahahaha

HIGHLINE RESIDENCES TIONG BAHRU

�

this one will beat Commonwealth Towers

�

http://www.sginvestg...es-tiong-bharu/

�

if u walk along alexandra rd area, so many new condos TOPed & under construction recently. Beside metropolitan got the wingtai one, then right beside another 2 new ones.

yeah ... echelon was the last project i went to see see look look then come alex residences

after that i gave up that area liao ... out of my budget ... [:(]

�

�

if u walk along alexandra rd area, so many new condos TOPed & under construction recently. Beside metropolitan got the wingtai one, then right beside another 2 new ones.

�

Edited by Wt_know, 07 May 2014 - 10:34 AM.

Market will expect 10% given what they saw in Sky Habitat. Anything below 10% will disappoint the market.

if HDB really prata flipping policy to ban sporean to let out HDB whole unit and living in private condo

�

all hell break lose ... mass market condo can go jiak sai

�

agent can stop singing the song "just let out your hdb can finance your $1000psf condo liao" ... sibei shiok ah ...

�

Why condo units are shrinking
�

�

PRIVATE developers are only meeting the growing demand for smaller condominium units ("Condo units shrinking: Report"; April 28).

I know of people who are holding on to their HDB flats and buying small private condo units either to rent out, or to live in while renting out their HDB units, hence turning the subsidised flats into "long-term cash cows".

�

As they are not selling their flats, they cannot pay a large quantum for the condo units, which leads to growing demand for "downsized" apartments.

�

Letting HDB flat owners rent out their units for profit, when they can afford private property, goes against the HDB's mission of providing affordable homes for the masses.

�

A subsidised flat that is being used to generate long-term profits is not really a home. The HDB should relook its policies in this regard.

�

A flat owner who buys private property should be subjected to an income assessment. If his income is above a certain cap set by the HDB, he should be made to sell his flat on the open market within a certain period of taking possession of the private property.

�

When owners have to dispose of their HDB flats upon upgrading to private property, they will have more cash and Central Provident Fund savings to purchase larger condo units, which in turn encourages developers to build them.

�

Another way would be to limit the timeframe that an HDB flat can be rented out, if the owner has a private property under his name and does not have a valid reason, such as being stationed overseas, for renting out the unit.

�

Current rules forbid a private property owner from purchasing even a resale HDB flat. The same rule should apply to HDB flat owners looking to buy private property.

�

This is a loophole many are exploiting, resulting in fewer resale HDB flats on the market. This deprives people who genuinely need public housing from owning such units, and encourages developers to build smaller condo units for HDB flat owners who want the best of both worlds.

�

Chan Suan Yen (Ms)

�

Edited by Wt_know, 07 May 2014 - 12:09 PM.

if HDB really prata flipping policy to ban sporean to let out HDB whole unit and living in private condo

�

all hell break lose ... mass market condo can go jiak sai

�

agent can stop singing the song "just let out your hdb can finance your $1000psf condo liao" ... sibei shiok ah ...

�

�

but but thats the only way they know how to buy vot** :ph34r:

�

no way theyll slaughter golden cow

http://www.channelne...8.html?cid=FBSG

�

"Senior citizens who sold off their old flats and moved to a studio apartment have made around S$200,000 each from the scheme.

�

This is the amount they gained after paying off outstanding loans for the old flat and fully paying for the new studio apartment.

�

National Development Minister Khaw Boon Wan revealed this in his blog on Wednesday as he described the Studio Apartment scheme as one which has become "valuable in supporting seniors' retirement needs"."

balcony is easy money ... i have seen balcony as big as 1/2 children room size ...
�

�

my friend's condo at least 30% of the apartment is balcony.

Actually the layout is nice and practical inside. 1100+ sq feet but in reality the apartment feels like 800 sq feet.

Edited by Lala81, 07 May 2014 - 03:42 PM.

Thanks for all the invaluable input.

�

I just looking at the asking prices at propertyguru. I assume theres some mark up for bargaining. Wont be approaching agent anytime soon.

�

The Castle Green part is a wild card man, can make or break the place.

�

But in my family's case, buyer or seller mart's will cut both ways. Ideal situation will be landed up 2016, condo down 2016. But I doubt so right. Usually all interlinked.

�

the NS expressway will run beside castle green. Though only Nuovo's land is taken by Govt for building purposes.

Bro, i was informed that the pricing is $1000+Psf for 500sft unit and for "bigger" units , the pricing is $800++psf.... Its been a while since prices are below the $1000psf mark?
Am not sure as i dont follow this segment.
But it sounds that prices are depressed and the developers know it well to price accordingly and move their inventory. Even so, withh 950 units, lets see if they can sell half.

So if anyone asks me where prices are going, i would firmly still say South.

�

what kinda crap name is coco palms.

I'll never stay in a place called that lol. And i thought some BTO names are cheesy.

�

if u walk along alexandra rd area, so many new condos TOPed & under construction recently. Beside metropolitan got the wingtai one, then right beside another 2 new ones.

�

There is a surplus of units in the range of 20,000 to 30,000 from the last report I read. I personally think rental rates for suburban condominiums will drop eventually. Owners still holding out for better rental - good luck to them.

if HDB really prata flipping policy to ban sporean to let out HDB whole unit and living in private condo

�

all hell break lose ... mass market condo can go jiak sai

�

agent can stop singing the song "just let out your hdb can finance your $1000psf condo liao" ... sibei shiok ah ...

�

�

I really hope this happens...

Ahem, so now that everyone is generally in agreement with me on 15-20% drop as a given, who is with me for 25% drop!?

Kee chiu!!

The supply is simply drowning the demand.

Ahem, so now that everyone is generally in agreement with me on 15-20% drop as a given, who is with me for 25% drop!?

Kee chiu!!

The supply is simply drowning the demand.

�

-25% for URA PPI or specific properties?
�

�
-25% for URA PPI or specific properties?
�

-25% from peak on a simplistic general overview, neither URA PPI nor property specific becos that would become meaningless already.

As for now, many have already dropped 15-20% as opposed to property agents saying that it wouldnt budge.

Ahem, so now that everyone is generally in agreement with me on 15-20% drop as a given, who is with me for 25% drop!?

Kee chiu!!

The supply is simply drowning the demand.

It may top 40%! Call me evil but I look forward to that happening.

It may top 40%! Call me evil but I look forward to that happening.

Sure, why not but .....eh....I thought you started out saying it wouldnt drop much at all?
Or did i remember wrongly?

Sure, why not but .....eh....I thought you started out saying it wouldnt drop much at all?
Or did i remember wrongly?

Not me leh. I have been waiting for it to drop drop drop

Not me leh. I have been waiting for it to drop drop drop

Oh, paiseh, bad memory.
It wasnt you, it was Viceroy who said it wouldnt drop.

A year ago, i was in a social gathering where some folks were agents (yup which gathering will you not find one?)

Anyway As usual, they kept on saying up up up.
Last weekend they still say down a bit.
Alamak, shake head

Edited by Throttle2, 08 May 2014 - 12:48 AM.

i thought wheelock said making provision did not mean that they would cut prices?

�

�

Wheelock to cut prices for The Panorama

Agents say prices at re-launch this Sunday could be up to 10% lower than that at initial launch

BY

LYNETTE KHOO

.com.sg'>lynkhoo.com.sg��

PRINT�|EMAIL�THIS ARTICLE

Wheelock Properties's condominium project in Ang Mo Kio, The Panorama, is gearing up for a re-launch this Sunday, with agents saying that new prices could be as much as 10 per cent lower than those at the initial launch�- PHOTO: WHEELOCK PROPERTIES

�

�

[SINGAPORE] Wheelock Properties's condominium project in Ang Mo Kio, The Panorama, is gearing up for a re-launch this Sunday, with agents saying that new prices could be as much as 10 per cent lower than those at the initial launch.

The re-pricing comes on the heels of earlier price cutting by its rivals to hasten sales amid mounting pressure from upcoming condo launches.

Balloting takes place on Sunday.

A one-bedder at The Panorama could start from $565,000, a two-bedder from $820,000 and a three-bedder from $1,175,000, according to marketing agents of the project.

These guided prices translate to $1,100-1,310 per square foot (psf), depending on the unit size. One-bedroom units at The Panorama are 431-474 square feet, two bedroom units are 678-700 sq ft and three bedroom units are in the 990-1,066 sq ft range.

�

�

�

�

3 bedroom unit only 990 - 1066 sq-ft?

That's very small!

Is this the norm now for condo?

Pai sei, long long time no follow property news liao.

3 bedroom unit only 990 - 1066 sq-ft?

That's very small!

Is this the norm now for condo?

Pai sei, long long time no follow property news liao.

�

The units are really small these days. You need at least 150 sq ft to fit a queen size bed and have some left over space to manoeuvre around. Throw in a wardrobe with sliding doors and you can forget about having that small side table by the bed.

�

The units are really small these days. You need at least 150 sq ft to fit a queen size bed and have some left over space to manoeuvre around. Throw in a wardrobe with sliding doors and you can forget about having that small side table by the bed.

�

Thanks.

Like that I will continue to stay in my low class HDB, at least we still can walk freely within our home!

It may top 40%! Call me evil but I look forward to that happening.

�

At 30%+, probably�CMs and whatnot wil be drastically tweaked by then to encourage ~~foreign~~�investment into property again...

The corporations exert considerably more pressure than the man on the street...

CDL cry papa cry mama twice already to remove CMs

wait for CDL to cry few more times first la ... lol

�

Thanks.

Like that I will continue to stay in my low class HDB, at least we still can walk freely within our home!

�

The typical HDB flat has also shrunk in size... Its not just restricted to condos...

CDL cry papa cry mama twice already to remove CMs

wait for CDL to cry few more times first la ... lol

�

Now is definitely too early to lift any CM.

Banks are reporting record quarterly profit, developers are reporting lower profit but still in the green(not red). So the fire hasn't burnt anyone's pant,�party still goes on.

assuming

last year developer made $200M profit

this year developer made $100M profit

�

that's a 50% drop in profit ... fire in the pant liao

�

�

Now is definitely too early to lift any CM.

Banks are reporting record quarterly profit, developers are reporting lower profit but still in the green(not red). So the fire hasn't burnt anyone's pant,�party still goes on.

�

Wooohoooo

Those who bought a new condo and now developer lelong 10-15% off, haven't collect key already sitting a loss of few hundred K. Now that's what I call fire burning the pant.

�

assuming

last year developer made $200M profit

this year developer made $100M profit

�

that's a 50% drop in profit ... fire in the pant liao

�

�

�

Those who bought a new condo and now developer lelong 10-15% off, haven't collect key already sitting a loss of few hundred K. Now that's what I call fire burning the pant.

�

the good thing abt prop is its only a loss if u realize it. property goes up in long term, so essentially timing the mkt is whether u make a little or alot in short term, as long is no issue.
�

Ahem, so now that everyone is generally in agreement with me on 15-20% drop as a given, who is with me for 25% drop!?

Kee chiu!!

The supply is simply drowning the demand.

�

I kee ka kee chiu!

Ahem, so now that everyone is generally in agreement with me on 15-20% drop as a given, who is with me for 25% drop!?

Kee chiu!!

The supply is simply drowning the demand.

�

>50% drop can boh?

Those who bought a new condo and now developer lelong 10-15% off, haven't collect key already sitting a loss of few hundred K. Now that's what I call fire burning the pant.

�

�

�

This is subjective.

Also, hard to compare as no 2 units are exectly the same, unless you tell me there are owners now cutting losses selling 10%-15% down from what they bought their unit for�(on top of taking the SD and�SSD hit...)

�

This is subjective.

Also, hard to compare as no 2 units are exectly the same, unless you tell me there are owners now cutting losses selling 10%-15% down from what they bought their unit for�(on top of taking the SD and�SSD hit...)

�

Who say no 2 units are the same? Have, the neighbor staying right above or below your unit lor. Imagine he pay few hundred K cheaper, same facing, same floor area. Everyday see each other at carpark and life, knn u say song bo?

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 25

Attached Thumbnails

Attached Thumbnails

Không có nhận xét nào:

Đăng nhận xét