mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 22

i think you terbalik liao

�

ABSD kill foreign buyers ... 15% a pop

TDSR kill local buyers ... cannot push the limit beyond 60%

�

I think ABSD kinda make Singaporean think twice on buying additional properties, TDSR kinda make foreigners having difficulties buying properties here.
thinking is self fulfilling prophecy bro.. haha

�

< 50% sold of < 50% launch

net sold is < 15%

dissapointed indeed

huat ah!

�

Sales at The Santorini disappoint

Only 80 of the 200 units released at the 597-unit condo's weekend launch sold

All trying to sell koyok siboh?

i think you terbalik liao
�
ABSD kill foreign buyers ... 15% a pop
TDSR kill local buyers ... cannot push the limit beyond 60%
�
�

< 50% sold of < 50% launch
net sold is < 15%
dissapointed i ndeed
huat ah!
�

Bro, you are also right la.

the agents marketing to foreigner is buy SG property must pay 18% stamp duty.. The ones haven't buy before wouldn't feel the pinch and psychologically felt its norm. It's the loan application part that is hindering the process.

For local buyer, asking to fork out additional 10% for a 1.5mil property, is like paying government a free car.. So most wouldn't buy unless the 1.5mil property is now 1.2m n lower.. A lot of local resident got hundreds of K or many millions sitting in bank account.. Of course those committed to 3 property and above are now maxed out on debt servicing ratio are out of the game currently..

If u put yourself in the shoes that u have 1mil in your bank account now and u have 2 properties under your belt, and the 3rd property your income can support TDSR as only take 40% loan! but u have to pay additional stamp duty of 10%... Sure sibei buay song to pay even if can afford.

true true .... [thumbsup]

�

propnex coe said ... ABSD is doing charity ... mai hiam ... mai kik sim .... lol

�

Bro, you are also right la.

the agents marketing to foreigner is buy SG property must pay 18% stamp duty.. The ones haven't buy before wouldn't feel the pinch and psychologically felt its norm. It's the loan application part that is hindering the process.

For local buyer, asking to fork out additional 10% for a 1.5mil property, is like paying government a free car.. So most wouldn't buy unless the 1.5mil property is now 1.2m n lower.. A lot of local resident got hundreds of K or many millions sitting in bank account.. Of course those committed to 3 property and above are now maxed out on debt servicing ratio are out of the game currently..

If u put yourself in the shoes that u have 1mil in your bank account now and u have 2 properties under your belt, and the 3rd property your income can support TDSR as only take 40% loan! but u have to pay additional stamp duty of 10%... Sure sibei buay song to pay even if can afford.

�

Yawn......

Anything new, lately?

Yawn......

Anything new, lately?

�

coming friday morning

�

Lakeside condo first day of sale.. will make headlines with 300 units sold in a day, at $1400psf �hahaha

Bro, you are also right la.

the agents marketing to foreigner is buy SG property must pay 18% stamp duty.. The ones haven't buy before wouldn't feel the pinch and psychologically felt its norm. It's the loan application part that is hindering the process.

For local buyer, asking to fork out additional 10% for a 1.5mil property, is like paying government a free car.. So most wouldn't buy unless the 1.5mil property is now 1.2m n lower.. A lot of local resident got hundreds of K or many millions sitting in bank account.. Of course those committed to 3 property and above are now maxed out on debt servicing ratio are out of the game currently..

If u put yourself in the shoes that u have 1mil in your bank account now and u have 2 properties under your belt, and the 3rd property your income can support TDSR as only take 40% loan! but u have to pay additional stamp duty of 10%... Sure sibei buay song to pay even if can afford.

�

sure buay song that's why many rich ppl with multiple properties already not buying for a looooong time liao

�

it's ppl without property or with just one property that are still dying to buy.. and there are enough of such ppl to keep the mkt afloat for the rest of the year

wah lau still no chi ba boo

I hope the property market crash to kingdom come.

People will then wake up that this merry go shingling ling ling is just not sustainable at all.

Resale prices are not really coming down much. From what i hear from my sis who's looking around the farrer road or West coast road area.�

Resale prices are not really coming down much. From what i hear from my sis who's looking around the farrer road or West coast road area.�

Yah true thats why i heck care just buy, keep those hopes of people property crashing vanish!

Crash also like that... Life goes on.. As long as you are prepared.

If not prepared, then start preparing now.

Yah true thats why i heck care just buy, keep those hopes of people property crashing vanish!

You rich mah, can heck care, we different, must care every dollar and cent

You rich mah, can heck care, we different, must care every dollar and cent

Got enough to baffer some losses can liao

Now i already affected badly already, hope no property bubble burst in sg

You must have catched a falling parang in your properties investment portfolios, please re-calculate break-even point level and execute a minor cutting lost strategy.

I'm not frightening you now, the days of 1997 property crisis is hovering in my imaginations due to the facts of earlier immigrants are packing up for retreat movements, I'm closely watching the local construction sector labour managements.�

You must have catched a falling parang in your properties investment portfolios, please re-calculate break-even point level and execute a minor cutting lost strategy.
I'm not frightening you now, the days of 1997 property crisis is hovering in my imaginations due to the facts of earlier immigrants are packing up for retreat movements, I'm closely watching the local construction sector labour managements.�

Yah cos i was affected badly by ABSD Already thanks for having second property.

However my LTV about 40% and i think even if another 1997 come i would be able to hold as long as ur property value dont drop below ur loan amount.

Now i need to hold my property until price hit higher another few years with the 6.9m population and redevelopment along pasir panjang

I hope the property market crash to kingdom come.

People will then wake up that this merry go shingling ling ling is just not sustainable at all.

�

Need the global financial ponzi scheme to collapse first

Yah cos i was affected badly by ABSD Already thanks for having second property.

However my LTV about 40% and i think even if another 1997 come i would be able to hold as long as ur property value dont drop below ur loan amount.

Now i need to hold my property until price hit higher another few years with the 6.9m population and redevelopment along pasir panjang

�

LTV 40% sure survive one, as long as u can make the monthly even without rental income

�

As to how long u have to wait until the next cycle, no one knows.

�

It's already hard to see just 12 months into the future

�
Need the global financial ponzi scheme to collapse first

�
LTV 40% sure survive one, as long as u can make the monthly even without rental income
�
As to how long u have to wait until the next cycle, no one knows.
�
It's already hard to see just 12 months into the future

Yah just wait and make sure i have cash for few months instalents. If hard to rent out still can hold on the installments and maintenance fee

Yah just wait and make sure i have cash for few months instalents. If hard to rent out still can hold on the installments and maintenance fee

You got no worries , you got lots of money

You got no worries , you got lots of money

Ehhhh

Dont say like that le, definition of lots to me is less to you.

So u now still in US?

Yah just wait and make sure i have cash for few months instalents. If hard to rent out still can hold on the installments and maintenance fee

�

Few months installment -- you're playing with fire bro. Your mindset is one of a speculator. I can tell from the way you calculate till zun zun and expect to sell for profit in a few years.

�

A true property investor can hold for at least 2 years (24mths).

Ehhhh

Dont say like that le, definition of lots to me is less to you.

So u now still in US?

Not US.
Just came back.

Home prices continue slide as loan curbs bite THE housing market downturn worsened in the first quarter of the year as loan curbs bit deeper and a possible oversupply of new homes loomed larger.
Private home prices fell 1.3 per cent in the January to March period from the three months before, according to Urban Redevelopment Authority (URA) flash estimates out yesterday
developers are holding back�new launches�and are trying to clear previous projects
Analysts said yesterday that prices would likely continue to soften and could fall by 5 to 8 per cent over the course of this year.
Given market weakness and a potential oversupply of completed homes, some have called for some property curbs to be modified.

5 to 8% only?
Thats nothing lah.....
Why they so scared to speak the truth and add a 1 in front?
Muayhahahah

�
Few months installment -- you're playing with fire bro. Your mindset is one of a speculator. I can tell from the way you calculate till zun zun and expect to sell for profit in a few years.
�
A true property investor can hold for at least 2 years (24mths).

Obviously, you are not here long enough to know who he is.... Don't take every word seriously... Hehehe...

Not US.
Just came back.

5 to 8% only?
Thats nothing lah.....
Why they so scared to speak the truth and add a 1 in front?
Muayhahahah

If they says the truth, the fall would be escalated... Hehe

�
Few months installment -- you're playing with fire bro. Your mindset is one of a speculator. I can tell from the way you calculate till zun zun and expect to sell for profit in a few years.
�
A true property investor can hold for at least 2 years (24mths).

If cannot hold i sell my car can get at least about 80k, monthly installment only $10xx, u say le i got play fire anot?

you sell 1 watch can pay more than 24 months liao ... don't play play

�

If cannot hold i sell my car can get at least about 80k, monthly installment only $10xx, u say le i got play fire anot?

�

Edited by Wt_know, 03 April 2014 - 10:51 PM.

you sell 1 watch can pay more than 24 months liao ... don't play play
�
�

Muahaha who want to buy my watch? So many scratches can sell half price i smile in one corner lol

Muahaha who want to buy my watch? So many scratches can sell half price i smile in one corner lol

yacht master?...nah pass.. haha.

Kidding.

yacht master?...nah pass.. haha.

Kidding.

See there, told u liao i bought a useless lolex hahaha

See there, told u liao i bought a useless lolex hahaha

as if got value you will really sell.. Even if my lolex can fetch 50% higher even as used... I also don't sell.. It's buy to use, not to trade.. That's for me

as if got value you will really sell.. Even if my lolex can fetch 50% higher even as used... I also don't sell.. It's buy to use, not to trade.. That's for me

yes true u sold those watches really not worth it. especially if u buy new. if buy used still can sell if bored but buy new must keep to ur next gen

�

hope my next gen like my YM2 design haha

If cannot hold i sell my car can get at least about 80k, monthly installment only $10xx, u say le i got play fire anot?

�

Cash buffer -- only cold hard cash counts during hard times because nobody would buy anything then. Take for example, your car worth 80k now doesn't mean it would be worth as much during a recession. Asset rich ppl are only just for that moment (just like most Singaporeans -- richest country in the world eh).

�

�

Cash buffer -- only cold hard cash counts during hard times because nobody would buy anything then. Take for example, your car worth 80k now doesn't mean it would be worth as much during a recession. Asset rich ppl are only just for that moment (just like most Singaporeans -- richest country in the world eh).

�

Before the recession in 1997, many ppl who are asset rich thought they could have all their assets to depend upon (car, house, gold, stocks) but it all vanished in a moment and they couldn't liquidify any without making huge losses. Minimum cash buffer I would keep is 20% of my portfolio but that's just me. You got to keep at least 2 years (installment + expenses) to be safe.

Edited by Pmet, 04 April 2014 - 12:11 AM.

Then got to borrow money from T2 by then hahaha

Think T2 will have no extra cash to lend you by then cuz he will be happily picking durians... oops

Edited by Pmet, 04 April 2014 - 12:32 AM.

�

Few months installment -- you're playing with fire bro. Your mindset is one of a speculator. I can tell from the way you calculate till zun zun and expect to sell for profit in a few years.

�

A true property investor can hold for at least 2 years (24mths).

�

you worry too much for him�

�

even with no cash buffer, he still will be able to live well

�

[rolleyes]

�

you worry too much for him�

�

even with no cash buffer, he still will be able to live well

�

�

You are right, Pmet worry too much for him.

�

I won't worry for someone who can change car like changing underwear. [:)]

Live from Jurong!

�

who will be the lucky ones to strike a fortune by buying a lakeside condo for just $1,400 psf??�

�

Attached Thumbnails

anything below $1.5M is dirt cheap ... huat ah!

i wonder will property agent that market this project hire "filler" to fill up the crowd [sly] .... lol

Edited by Wt_know, 04 April 2014 - 10:41 AM.

Live from Jurong!

�

who will be the lucky ones to strike a fortune by buying a lakeside condo for just $1,400 psf??�

�

�

�

are you shitting me? $1400 psf?? can buy FH in katong / d9,10 (if you look hard enough) ... the only reason would be to cut on travel time if they work in the area ... jialat la that kind of psf ...

Live from Jurong!

�

who will be the lucky ones to strike a fortune by buying a lakeside condo for just $1,400 psf??�

�

lol queuing to take part in lucky draw.

Live from Jurong!

�

who will be the lucky ones to strike a fortune by buying a lakeside condo for just $1,400 psf??�

�

�

�

since you are there, i wish you good luck in the lucky draw

�

just remember to blanjah us when you strike

�

�

are you shitting me? $1400 psf?? can buy FH in katong / d9,10 (if you look hard enough) ... the only reason would be to cut on travel time if they work in the area ... jialat la that kind of psf ...

�

Lol. rent out to bangla/PRC/Indian nationals.

Who else works in jurong lol� [confused]

�

are you shitting me? $1400 psf?? can buy FH in katong / d9,10 (if you look hard enough) ... the only reason would be to cut on travel time if they work in the area ... jialat la that kind of psf ...

�

Shhh, don't say so loud. Let them keep flocking to all these new launches in god-forsaken areas and pay stupid money. Let the more discerning ones have less competition [grin]

�

Shhh, don't say so loud. Let them keep flocking to all these new launches in god-forsaken areas and pay stupid money. Let the more discerning ones have less competition

�

so bad ah you .. lol. i guess the only way to ease congestion is to spread the population ...

Hmm less people to buy D21 in the future... maybe good also.

�

are you shitting me? $1400 psf?? can buy FH in katong / d9,10 (if you look hard enough) ... the only reason would be to cut on travel time if they work in the area ... jialat la that kind of psf ...

�

u dunno ah, jurong east is now the new city centre of singapore

�

so staying at lakeside machiam like staying in D9

�

same for tampines , woodlands regional centre LOL

�

u dunno ah, jurong east is now the new city centre of singapore

�

so staying at lakeside machiam like staying in D9

�

same for tampines , woodlands regional centre LOL

�

oh well .. to each his own (taste and budget).

�

the only thing i've ever learnt from working in real estate is location, location, location, but dont let me fool you... these lakeside buyers probably know something i dont ...

many are harping and hyping on JLD.

now $1400psf, when it reaches $1600-$1800psf

on hindsight, people will shout sibei cheap ar!

�

Jurong Lake District: Lakeside Destination For Business And Leisure

�

Edited by Wt_know, 04 April 2014 - 11:18 AM.

What? $1400psf for Jurong?

This makes Sky Habitat at Bishan looks cheap. Haha...

�

u dunno ah, jurong east is now the new city centre of singapore

�

so staying at lakeside machiam like staying in D9

�

same for tampines , woodlands regional centre LOL

�

Haha, Jurong East is the new CBD.

Live from Jurong!

�

who will be the lucky ones to strike a fortune by buying a lakeside condo for just $1,400 psf??�

�

�

�

This photo is making developers at the East side feel jealous and envy.

�
Shhh, don't say so loud. Let them keep flocking to all these new launches in god-forsaken areas and pay stupid money. Let the more discerning ones have less competition

Thank you very much for speaking my heartfelt words.
Let the "retail" market join the party just before the carriage turns back to a pumpkin.
Anyway, i think i am competing in a segment where people are more financially astute.

many are harping and hyping on JLD.
now $1400psf, when it reaches $1600-$1800psf
on hindsight, people will shout sibei cheap ar!
�
Jurong Lake District: Lakeside Destination For Business And Leisure
�

What else can the property agents marketing this area harp on?
That it is freaking far from airport?
That it is as vibrant as a new factory?
That much better central areas can be had for the same price?

That said, i dont deny that there will be a fair stable demand of units at jurong.
Its the price i find overvalued. So i am more than willing to let other people make this money.

well said. just like i find punggol and sengkang is way overvalued.

and yet ... now no $1M no talk ... and still going up

several buddies whack punggol and sengkang when it was dirt cheap (on hindsight) and now cashing in

i'm happy for them making money [thumbsup] ... just ketuk for free drinking session can liao

�

That said, i dont deny that there will be a fair stable demand of units at jurong.
Its the price i find overvalued. So i am more than willing to let other people make this money.

�

Edited by Wt_know, 04 April 2014 - 02:35 PM.

everything is about hype

�

why some companies losing money like crazy but share price chiong�

�

but other money making companies no one interested even though p/b ratio below 1?

everything is about hype

�

why some companies losing money like crazy but share price chiong�

�

but other money making companies no one interested even though p/b ratio below 1?

�

pass the punch bowl over, please�

�

pass the punch bowl over, please�

�

not holding it

�

I peasant peeping through the door to beo the party only

�

[:(]

Then got to borrow money from T2 by then hahaha

he can't lend u bec legally cannot charge interest in SG...

he can't lend u bec legally cannot charge interest in SG...

He will but will seize my rolexes

No wonder he got 9 rolexes [lipsrsealed]

He will but will seize my rolexes

No wonder he got 9 rolexes

not 9, 10.

not 9, 10.

Thought u mention 9 few days ago? Bought again ar?

Thought u mention 9 few days ago? Bought again ar?

No, i said 10. Go check back and see if you dont believe.

i believe you [thumbsup]

�

No, i said 10. Go check back and see if you dont believe.

�

i believe you
�

�
�

If destiny is on my side, it could be 12 by Sunday.

If destiny is on my side, it could be 12 by Sunday.

Wow... You buy rolex like buy underwear hor... How nice to be rich.... Damn... Hehe

If destiny is on my side, it could be 12 by Sunday.

wah which model you aiming?

Wow... You buy rolex like buy underwear hor... How nice to be rich.... Damn... Hehe

Lately with watches , destiny hasnt been with me, although in stock markets, it has.

When i got back from HK two weeks ago, should hv already bought the diamond dial Daytona full gold but didnt. Then before i left for Europe last week, should have got a seadweller but didnt close.
Perhaps this weekend, it may happen. But even not, i will just hang around and wait. No rush

wah which model you aiming?

Cheap sports models

Lately with watches , destiny hasnt been with me, although in stock markets, it has.

When i got back from HK two weeks ago, should hv already bought the diamond dial Daytona full gold but didnt. Then before i left for Europe last week, should have got a seadweller but didnt close.
Perhaps this weekend, it may happen. But even not, i will just hang around and wait. No rush
Cheap sports models

cheap is relative, got below 20k?

�

is it new model GMT?

cheap is relative, got below 20k?
�
is it new model GMT?

Cheap lah, all under $10k can or not?
Times are bad, save money.
Car also not changing already.

Cheap lah, all under $10k can or not?
Times are bad, save money.
Car also not changing already.

new or used? hmm dont forget to share pic here hor.

�

need to get extra watchwinders?

new or used? hmm dont forget to share pic here hor.
�
�
need to get extra watchwinders?

All old ones, more than 20yrs, hopefully.
I still prefer older Rolexes but have avoided the vintage poison luckily.

Right now there isnt a new watch or model that attracts me.
The last one that really did (gmt master 2 full gold, i bought already.

huat ah .... anyway, i wouldn't say "unexpected" for unit < $1M

400 cheques received for balloting ... i wonder why not more than 180 units were sold

assuming 40% x 695 units were 1-2 bed units = 278 units

the remaining 1-2 bed units will be priced higher today? [sly]

�

Jurong condo sales better than expected
180 Lakeville units sold; project in Commonwealth also unveiled

By Rennie Whang

BUYERS flocked to get a piece of the action at a new Jurong condominium while an upcoming project in Commonwealth Avenue was unveiled on a busy day for property yesterday.

Much of the buzz was at the preview of MCL Land's Lakeville condominium in Jurong West Street 41, but Hong Leong Holdings grabbed some of the spotlight as well with its announcement.

The balloting tent for the 695-unit Lakeville, which comprises six 16-storey blocks, was filled with more than 150 buyers and 50 agents yesterday.

MCL Land chief executive Koh Teck Chuan said the firm had initially released 150 units but released a further 50 as sales were better than expected.

In all, 180 units were sold at $1,300 per sq ft (psf), with most of the buyers Singaporean. About two-thirds of the units sold were one- and two-bedders.

Prices range from $736,000 for a 560 sq ft one-bedder, to $2.67 million for a 2,271 sq ft four-bedroom penthouse.

Mr Koh noted that 400 cheques were balloted yesterday, adding: "Considering the market, we are very happy with the turnout."

The last condominium launch in the area was J Gateway last July, also developed by MCL Land. Most of its 738 units sold in one day at an average of $1,480 psf.

The low number of residential projects in the area compared with Sengkang and Punggol has led to much pent-up demand, said Mr Donald Han, managing director of Chesterton Singapore.

He added that Lakeville's $1,300 psf price tag reflected weak market sentiment.

The Urban Redevelopment Authority said on Tuesday that private home prices dipped 1.3 per cent in the first quarter from the fourth quarter last year.

"It could be launched at more than $1,300 per sq ft. But because of general market sentiment, developers would rather play safe and launch at a lower price," said Mr Han.

He noted that MCL Land seems to have "cornered the market fairly well, they understand the market in the area... We should see a good first phase launch."

Century 21 chief executive Ku Swee Yong said that Jurong is "definitely up and coming". "With two new hospitals and hospital-related jobs paying better than average salaries, as well as new office buildings, the level of wealth within Jurong should go up."

He added that having the Canadian International School next door would mean expatriate families could be keen to rent at Lakeville, which should be completed in mid-2017.

--------------------------------------------------------------------------------------------

Meanwhile, Hong Leong Holdings unveiled Commonwealth Towers, a 99-year leasehold condo in Commonwealth Avenue.

It is undertaking the development, which will be launched in May, with City Developments (CDL) and Hong Realty.

The condominium, comprising two blocks of 43 storeys each, will be linked to Queenstown MRT station by an overhead pedestrian linkway. It will have 845 units, mostly one- and two-bedders, with sizes starting at 441 sq ft. Show suites will be open for public preview from April 13 to 27, with building work expected to be completed in December 2017.

The Commonwealth Avenue area has seen a few launches over the past two years, most recently Alex Residences at Alexandra Road, which sold 150 out of 429 units at an average of $1,650 psf on its first day of sales in November.

Echelon in Alexandra View, also developed by CDL, sold 390 of 508 units at an average of $1,700 psf in its first weekend of sales in January last year. It is now 99 per cent sold, with just three penthouses left.

Mr Edwin Wee, head of sales at SLP International, said Commonwealth Towers should do well given Hong Leong Group bought the land at a low $880 psf.

"When developers buy cheaply, they can sell cheaply. With competitive prices for the area at about $1,500 per sq ft, Hong Leong may price at $1,300 or $1,400 per sq ft and still move units."

Additional reporting by Ivan Teo

Edited by Wt_know, 05 April 2014 - 08:59 AM.

Got 400 cheques, just release 400 units to every interested buyers lah. Why ballot and try hanging high? Knn.

Hhhmmmm even the HDB upgraders are thinning out. Foreigners are almost totally out. One to two roomers? Well done. $600k to $800k type? Well done.

This is excellent news and serves to prove me right. It will take a few new launches to absorb the leftover market and then we shall see some serious friction forming.

this MM segment does not impact me prsonally at all, i am just concerned for my fellow Singaporeans.

Got 400 cheques, just release 400 units to every interested buyers lah. Why ballot and try hanging high? Knn.

Problem is they only hv 400 checks for MM units and they hv already released all.
The market can hardly absorb anything above $2mil.
So the "players" will continue to develop small ones to stay afloat

But let me share a perspective, sell $3mil unit do same work as sell $1mil unit but now no one wants to buy $3mil unit and the $1mil unit buyers are thinning out slowly and surely.

You say how leh?

One thing is for sure, no developer or agent will dare speak the truth of their own market.
And we know why dont we?

Muayhahahahahaha

seller stamp duty!

can i assume condo that TOP between 2010 to 2014 were probably purchased before feb 2010 and will not be subjected to SSD?

�

In February 2010, the Government imposed a seller�s stamp duty (SSD) on sellers who buy (or acquire) residential properties on or after 20 February 2010 and sell (or disposed of) them within one year of acquisition.

The amount of SSD is computed based on the same rates as�the buyer's stamp duty.�

On 30 Aug 2010, the Government further announced that SSD will be payable on residential properties which are�acquired (or purchased)�on or after 30 Aug 2010 and disposed of (or sold) within 3 years of acquisition. The amount of SSD for the holding period of 1 year is computed based on the same rates as the buyer's stamp duty, but will be reduced� to 2/3 and 1/3 of the amount of buyer's stamp duty for holding period of 2 years and 3 years respectively.

On 13 January 2011, the Government announced the extension of the holding period for imposition of SSD on residential properties from 3 years to 4 years based on new rates. The new SSD rates will be imposed on residential properties which are acquired (or purchased) on or after 14 January 2011 and disposed of (or sold) within 4 years of acquisition, as follows :

Holding period of 1 year : 16% of price or market value, whichever is higher

Holding period of 2 years : 12% of price or market value, whichever is higher

Holding period of 3 years : 8% of price or market value, whichever is higher

Holding period of 4 years : 4% of price or market value, whichever is higher

Properties acquired before�20 Feb 2010 will not be subject to SSD.

Edited by Wt_know, 05 April 2014 - 11:07 PM.

Hold 5 years lor, mine freehold, can long long hold

Edited by Thaiyotakamli, 06 April 2014 - 01:37 AM.

Bishan Loft > 10 years old EC > time is ripe > huat ah!

no $1.7M no talk, penthouse $2.8M-$2.9M

�

best return for 10 years? better than any bonds or reits

kbw is right ... you buy toyota Camry > drive for 10 years > sell lexus GS

�

http://www.propertyg...ext=Bishan Loft

�

lakeville ... $1300psf is cheap ...

bishan loft ... less than 89 years lease and finishing is cheapo

Edited by Wt_know, 06 April 2014 - 04:09 PM.

I thought i saw on Yahoo singapore an article which headlined properties ai toh liao.....

And the propnex ceo say market will continue to fall in 2014....

Wooooohooooo!

Wow... You buy rolex like buy underwear hor... How nice to be rich.... Damn... Hehe

�

though i very frugal already, u beat me by only buying 10 underwear in 16 yrs...�

�

LOL kidding�

HUAT AH!
http://www.channelne...in/1056918.html
�

HUAT AH!
http://www.channelne...in/1056918.html
�

�

these analysts very analytical sia�

Or it could be out of the 400 cheques, 200 are from the developer? Hahaha they just throw in a cheque only ma

�

Problem is they only hv 400 checks for MM units and they hv already released all.
The market can hardly absorb anything above $2mil.
So the "players" will continue to develop small ones to stay afloat

But let me share a perspective, sell $3mil unit do same work as sell $1mil unit but now no one wants to buy $3mil unit and the $1mil unit buyers are thinning out slowly and surely.

You say how leh?

One thing is for sure, no developer or agent will dare speak the truth of their own market.
And we know why dont we?

Muayhahahahahaha

�

�

these analysts very analytical sia�

�

they like anal

downward trend intact�

�

Will Sky Habitat price cut nudge others?

CapitaLand will relaunch the Bishan project priced from $1,370 psf

LYNETTE KHOO AND CAI HAOXIANG

.com.sg'>lynkhoo.com.sg

.com.sg'>haoxiang.com.sg

PRINT�|EMAIL�THIS ARTICLE

AMID mounting pressure from upcoming condominium launches, at least one condo project will be re-launched at lower prices. CapitaLand's Bishan project Sky Habitat will start at $1,370 per square foot (psf) on April 19, says a promotional pamphlet from one of its marketing agents, Knight Frank.

This is a drop from two years ago, at the project's first launch, when prices ranged from $1,435 to $1,893 psf. The average selling price then was said to be about $1,650 psf, after taking into account the initial 3 per cent discount given to all buyers. It was what gave this development designed by Moshe Safdie the reputation of being the most expensive suburban condo here.

Only 36 per cent of its 509 units have been sold, as the project nears TOP (temporary occupation permit) next year. With the re-launch, a one-bedroom cum study could start from $1.05 million or $1,485 psf, down from about $1,600 psf previously.

This is not the first time CapitaLand has pared prices for its residential projects; it did so for Interlace in Alexandra and D'Leedon in the former Farrer Court Estate. Its latest move has, however, set observers thinking about whether others will follow suit.

SLP International executive director Nicholas Mak said that the repricing reflects the "new market reality", as developers anticipate new competing launches soon. "If it does not do something to increase sales or the rate of sales, it will end up getting stuck with unsold units as the project nears completion."

But Christine Li, head of research and consultancy at OrangeTee, believes that drastic price cuts are unlikely. "Developers have made enough profits in the last few years and so are in no hurry to do so."

Prices are more likely to be cut for high-end projects because of waning demand, but mass-market projects should hold up well, she added.

Other analysts said that larger developers have more holding power for unsold inventory than smaller developers, so the fact that CapitaLand is among the first to re-launch a project at tamped-down prices comes as a surprise. CapitaLand is developing Sky Habitat with Mitsubishi Estate Asia and Shimizu Investment (Asia).

DBS Group Research analyst Lock Mun Yee said that it was unlikely that CapitaLand would need to do any write-downs on the project, though margins could be affected if the average selling price falls. Her estimated breakeven price for the project was in the "low $1,300s". "They've already locked in a portion at higher prices, so they don't need to take the drastic action of writing it down. Asset turnover is also an important consideration. You don't want to sit on inventory."

Mr Mak said that the repricing is not an issue of holding power, but is in line with the "conveyor belt" strategy to move sales in both good times and bad, which tends to pay off in the long run.

Sky Vue, CapitaLand's adjacent project, has sold close to 70 per cent of its 694 units since its launch last September; its 2013 average price was $1,500 psf and its median price in February was $1,457 psf.

�

Sky Habitat only sold 36%, after so much hype? Does not compute.

Sky Habitat only sold 36%, after so much hype? Does not compute.

�

too blardy expensive during the first launch

wa .. just saw the caveat for silversea penthouse ... $2400+ psf for 99 year leasehold in D15. (332sqm $8.8mil .. just done 2 weeks ago)

�

of course, this is considered luxury and not mass market .. but still ... ><

�

edit: forgot to mention, its 99 years from 2007.

Edited by Sp4wn, 11 April 2014 - 01:40 PM.

wa .. just saw the caveat for silversea penthouse ... $2400+ psf for 99 year leasehold in D15. (332sqm $8.8mil .. just done 2 weeks ago)

�

of course, this is considered luxury and not mass market .. but still ... ><

�

edit: forgot to mention, its 99 years from 2007.

�

hahaha someone did not read newspapers ah? Didnt know that price correction coming?

�

$2400 psf.. penthouse some more..

�

hahaha someone did not read newspapers ah? Didnt know that price correction coming?

�

$2400 psf.. penthouse some more..

�

aiya, i been doing this for so long ... every few mths hear price correction coming. nothing new bro. so far .. nothing. maybe banks tighten lending a little ... but we have yet to see any kind of correction.

�

but quite a lot of good properties up for sale, which means some owners also think like that and think correction on the way ...�

�

aiya, i been doing this for so long ... every few mths hear price correction coming. nothing new bro. so far .. nothing. maybe banks tighten lending a little ... but we have yet to see any kind of correction.

�

but quite a lot of good properties up for sale, which means some owners also think like that and think correction on the way ...�

�

STI still lingering at 3200

�

Until it reaches level of 2600-2800, dont bother about hoping to see any significant price correction. By which i mean 15-20% reduction.

�

Those who are thinking of exiting now still not too late.. still got time to get out�

�

STI still lingering at 3200

�

Until it reaches level of 2600-2800, dont bother about hoping to see any significant price correction. By which i mean 15-20% reduction.

�

Those who are thinking of exiting now still not too late.. still got time to get out�

�

let me know ... there's a few stocks i eventually want to buy

�

i only fit to sit on the sidelines now haha

�

let me know ... there's a few stocks i eventually want to buy

�

i only fit to sit on the sidelines now haha

�

fine to sit on sideline, no hurry to rush any decision anyway

�

i'd look to acquire some commercial reits. They will prob be the first to be hit when expectations seem bleak + rising interest rates

�

fine to sit on sideline, no hurry to rush any decision anyway

�

i'd look to acquire some commercial reits. They will prob be the first to be hit when expectations seem bleak + rising interest rates

�

very good advice actually. and since i understand the nature of their biz, should be cakewalk. thanks bro! 5 points for uuuuuuuuuuuu

�

very good advice actually. and since i understand the nature of their biz, should be cakewalk. thanks bro! 5 points for uuuuuuuuuuuu

�

always good to buy into something that u can understand!� [thumbsup]

Sky Habitat only sold 36%, after so much hype? Does not compute.

�

I think they have relaunched with ERA, likely some changes in pricing�

downward trend intact�
�
�

Will Sky Habitat price cut nudge others?
CapitaLand will relaunch the Bishan project priced from $1,370 psf

BY
LYNETTE KHOO AND CAI HAOXIANG

.com.sg' title="E-mail Link" class="bbc_email">lynkhoo.com.sg
.com.sg' title="E-mail Link" class="bbc_email">haoxiang.com.sg
PRINT�|EMAIL�THIS ARTICLE

AMID mounting pressure from upcoming condominium launches, at least one condo project will be re-launched at lower prices. CapitaLand's Bishan project Sky Habitat will start at $1,370 per square foot (psf) on April 19, says a promotional pamphlet from one of its marketing agents, Knight Frank.
This is a drop from two years ago, at the project's first launch, when prices ranged from $1,435 to $1,893 psf. The average selling price then was said to be about $1,650 psf, after taking into account the initial 3 per cent discount given to all buyers. It was what gave this development designed by Moshe Safdie the reputation of being the most expensive suburban condo here.
Only 36 per cent of its 509 units have been sold, as the project nears TOP (temporary occupation permit) next year. With the re-launch, a one-bedroom cum study could start from $1.05 million or $1,485 psf, down from about $1,600 psf previously.
This is not the first time CapitaLand has pared prices for its residential projects; it did so for Interlace in Alexandra and D'Leedon in the former Farrer Court Estate. Its latest move has, however, set observers thinking about whether others will follow suit.
SLP International executive director Nicholas Mak said that the repricing reflects the "new market reality", as developers anticipate new competing launches soon. "If it does not do something to increase sales or the rate of sales, it will end up getting stuck with unsold units as the project nears completion."
But Christine Li, head of research and consultancy at OrangeTee, believes that drastic price cuts are unlikely. "Developers have made enough profits in the last few years and so are in no hurry to do so."
Prices are more likely to be cut for high-end projects because of waning demand, but mass-market projects should hold up well, she added.
Other analysts said that larger developers have more holding power for unsold inventory than smaller developers, so the fact that CapitaLand is among the first to re-launch a project at tamped-down prices comes as a surprise. CapitaLand is developing Sky Habitat with Mitsubishi Estate Asia and Shimizu Investment (Asia).
DBS Group Research analyst Lock Mun Yee said that it was unlikely that CapitaLand would need to do any write-downs on the project, though margins could be affected if the average selling price falls. Her estimated breakeven price for the project was in the "low $1,300s". "They've already locked in a portion at higher prices, so they don't need to take the drastic action of writing it down. Asset turnover is also an important consideration. You don't want to sit on inventory."
Mr Mak said that the repricing is not an issue of holding power, but is in line with the "conveyor belt" strategy to move sales in both good times and bad, which tends to pay off in the long run.
Sky Vue, CapitaLand's adjacent project, has sold close to 70 per cent of its 694 units since its launch last September; its 2013 average price was $1,500 psf and its median price in February was $1,457 psf.
�

So isnt it a 20% drop already for this project?
No surprises, more to come.

Yes they have to move sales, or they die.
Its just as simple as that.
Even if you open convenience store, you do the same thing.
"YOU DONT WANT TO SIT ON INVENTORY"

Yup, they got it right.

Sky Habitat only sold 36%, after so much hype? Does not compute.

This project is farked if they dont move fast.

I would think it will eventually drop to $1200psf

Like [thumbsup]

�

:

:
I would think it will eventually drop to $1200psf

�

�
though i very frugal already, u beat me by only buying 10 underwear in 16 yrs...�
�
LOL kidding�

Bro, I've stopped wearing underwear since 15yrs ago lar... Hehehe.....

So isnt it a 20% drop already for this project?
No surprises, more to come.

�

�

those who have bought earlier that were 20% more expensive will lppl suck thumb? no recourse for them?

lose 200k for every 1 million is no joke..� [sweatdrop]

So isnt it a 20% drop already for this project?
No surprises, more to come.

Yes they have to move sales, or they die.
Its just as simple as that.
Even if you open convenience store, you do the same thing.
"YOU DONT WANT TO SIT ON INVENTORY"

Yup, they got it right.

This project is farked if they dont move fast.

I would think it will eventually drop to $1200psf

Earlier adopters are screwed?..... Cannot be right?... 400k+ for that balcony was a steal 2yrs ago... Hehe...

So isnt it a 20% drop already for this project?
No surprises, more to come.

Yes they have to move sales, or they die.
Its just as simple as that.
Even if you open convenience store, you do the same thing.
"YOU DONT WANT TO SIT ON INVENTORY"

Yup, they got it right.

This project is farked if they dont move fast.

I would think it will eventually drop to $1200psf

1200psf sell below cost?

So desperate...

�
those who have bought earlier that were 20% more expensive will lppl suck thumb? no recourse for them?
lose 200k for every 1 million is no joke..�

Well they can follow the Chinese example ie band together to protest at the sales office if got guts

alamak ... those bought at $2M can sue developer?
just bang wall or ball ... lol

�
those who have bought earlier that were 20% more expensive will lppl suck thumb? no recourse for them?
lose 200k for every 1 million is no joke..�

Yup suck thumb lor. Wooohooooo!
Just as if the price goes up 20%, can the developer have recourse?
Deal done means done deal.

1200psf sell below cost?

So desperate...

Well they can follow the Chinese example ie band together to protest at the sales office if got guts

Must see if they can sell or not, if not, then below cost also let go.
When you run a business you will understand.
Small profit better than no profit.
No profit better then small loss
Small loss better than big loss.

Protest! Muayhahahahahahahaha, get haul up for unlawful assembly, good luck!

Edited by Throttle2, 12 April 2014 - 03:44 PM.

The lowest psf was $1416, so effectively only 3.3% drop le. [thumbsdown]

�

But if compare the highest psf $1893, then it is a whopping 27.6%. [thumbsup]

Edited by Jp66, 13 April 2014 - 12:29 PM.

The lowest psf was $1416, so effectively only 3.3% drop le.
�
But if compare the highest psf $1893, then it is a whopping 27.6%.

At most when u go there the unit with lowest psf sold out already. Marketing tactic to make u come there in fact price reduce abit only.

Think T2 got go there and come back disappointed lol

hahaha ... T2 only interested in D10/11 la
simi sky that sky bue ... no likey

At most when u go there the unit with lowest psf sold out already. Marketing tactic to make u come there in fact price reduce abit only.

Think T2 got go there and come back disappointed lol

Edited by Wt_know, 13 April 2014 - 03:36 PM.

hahaha ... T2 only interested in D10/11 la
simi sky that sky bue ... no likey

Given current high price he go look the neighbours of D9 and D10 condos mah haha

Moreover he could probably was caught by the bait of Capitaland of reducing 20% off the price muahahha [laugh]

At most when u go there the unit with lowest psf sold out already. Marketing tactic to make u come there in fact price reduce abit only.

Think T2 got go there and come back disappointed lol

Oh pleeeaaasse.......Pay me money to buy and i will have to think twice.

Given current high price he go look the neighbours of D9 and D10 condos mah haha

Moreover he could probably was caught by the bait of Capitaland of reducing 20% off the price muahahha

By the way, i dont buy due to discount or price increases.
If i like the place and feel it is right, i buy as long as i have done my sums.

Oh pleeeaaasse.......Pay me money to buy and i will have to think twice.

By the way, i dont buy due to discount or price increases.
If i like the place and feel it is right, i buy as long as i have done my sums.

U told me price drop ur cash will be ready to whip out units. Now discounts considered as price down liao.

Actually sky habitat not bad what to me, i will choose it over D9 for own stay

U told me price drop ur cash will be ready to whip out units. Now discounts considered as price down liao.

Actually sky habitat not bad what to me, i will choose it over D9 for own stay

If i dont like, discount i also wont buy.

So isnt it a 20% drop already for this project?
No surprises, more to come.

Yes they have to move sales, or they die.
Its just as simple as that.
Even if you open convenience store, you do the same thing.
"YOU DONT WANT TO SIT ON INVENTORY"

Yup, they got it right.

This project is farked if they dont move fast.

I would think it will eventually drop to $1200psf

u so kind ah? should be below 1k psf lah [laugh] [laugh] [laugh]

u so kind ah? should be below 1k psf lah

Not impossible but needs a systematic failure to accelerate the result.

Not impossible but needs a systematic failure to accelerate the result.

�

ya but at that junction, even bank may be scared to finance

�
ya but at that junction, even bank may be scared to finance

Thats when cash is king.
So build up your cash and liquidity.
Heh heh

Thats when cash is king.
So build up your cash and liquidity.
Heh heh

table wiping is recession proof

�

so good....

�

if systemic failure i think my belt will be tighten even further

wah this thread still alive.

�

anyway rents in D11 falling liao... 2bedders at novena dropped compared to 2-3yrs ago. Supply n economics catching up to reality.

�

I sold my prop 2yrs ago now waiting to go in again :)

�

too many props to choose from now but looking liao

wah this thread still alive.

�

anyway rents in D11 falling liao... 2bedders at novena dropped compared to 2-3yrs ago. Supply n economics catching up to reality.

�

I sold my prop 2yrs ago now waiting to go in again :)

�

too many props to choose from now but looking liao

�

I once rented out a 3 bedroom, 1,238 sq ft unit in Novena area (but on Newton road and has the word Newton in the name) for $8k a month for 2 years.

�

Not sure how much the new owner rented it out for after I sold it to him when the 2 year lease came to an end..

�

Those were the days!

�

I once rented out a 3 bedroom, 1,238 sq ft unit in Novena area (but on Newton road and has the word Newton in the name) for $8k a month for 2 years.

�

Not sure how much the new owner rented it out for after I sold it to him when the 2 year lease came to an end..

�

Those were the days!

�

sounds like newton suites or newton meadows ;p

�

I once rented out a 3 bedroom, 1,238 sq ft unit in Novena area (but on Newton road and has the word Newton in the name) for $8k a month for 2 years.

�

Not sure how much the new owner rented it out for after I sold it to him when the 2 year lease came to an end..

�

Those were the days!

�

i rem 1yr ago i was looking at new novena condos, asking prices were crazy same as older ones at orchard/somerset.

�

alot of condos prices have not moved up since 2011! thats how crap the situation is but newspaper n agents keep spamming every wkend w bullish new launches yet existing stock not moving. oh well time to cherry pick hhehe

agent are bullish all the time. i have not met an agent that said, now is not a good time to buy. wait for awhile. every single agent i met before or after CM also said it "was" the right time to buy regardless of CM

agent are bullish all the time. i have not met an agent that said, now is not a good time to buy. wait for awhile. every single agent i met before or after CM also said it "was" the right time to buy regardless of CM

�

the best is one of the conversations i had recently ...

�

agent : CONFIRM can make money la ... your company buy, you SURE make money

me: you can guarantee

agent: ya ya of course guarantee la you make money

me: ok can you guarantee in writing?

agent: uhhhhh ..cannot la ... im just a salesperson

�

"sales" person indeed ...

actually, i dont blame agent because it is their job that put food on the table.

if want to blame, blame buyers because fear (price go up) and greed that push prices higher and higher

actually, i dont blame agent because it is their job that put food on the table.

if want to blame, blame buyers because fear (price go up) and greed that push prices higher and higher

�

yup fear cause price to go up, fear of more measures to restrict buying multiple units n cannot afford next time also caused price to go up.

�

but now that cooling measures stopped appearing liao, theres no more scare of future measures pushing buyers to commit first.

�

is same as stock mkt, they both climb walls of worry. once the worry is gone, then is time for the bear to appear

table wiping is recession proof
�
so good....
�
if systemic failure i think my belt will be tighten even further

Recession proof?!?!?!!???

No one eat foodcourt, no tables to wipes leh.....

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 22

Attached Thumbnails

Không có nhận xét nào:

Đăng nhận xét