mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 29

Can someone translate the following please:

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---Quote---

Meanwhile, sales at the Commonwealth Towers improved slightly. Of the 400 units released, the 99-year leasehold development saw sales increase to more than 66 percent from 65 percent during its launch early last month.
---Unquote---

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So means they sold another 1-ish% (4-ish units) in the past month?

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there were 13 units sold in may �... last transacted for may was 22nd may.

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so either reporter didnt do homework, or didnt bother to log in to the system to check.�

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wording does seem a bit silly and open to misinterpretation ...

Edited by Sp4wn, 04 June 2014 - 01:52 PM.

Can someone translate the following please:
�
---Quote---
Meanwhile, sales at the Commonwealth Towers improved slightly. Of the 400 units released, the 99-year leasehold development saw sales increase to more than 66 percent from 65 percent during its launch early last month.
---Unquote---
�
So means they sold another 1-ish% (4-ish units) in the past month?

That way he wrote, you would think that the sales really increased by a whopping number right?
These buggers just have to continuously play it up. Wahaha

Sibeh obfuscation.

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there were 13 units sold in may �... last transacted for may was 22nd may.

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so either reporter didnt do homework, or didnt bother to log in to the system to check.�

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wording does seem a bit silly and open to misinterpretation ...

...simi reporter....

the report was from propertyguru.... written by... who knows... maybe the property agent....

...simi reporter....

the report was from propertyguru.... written by... who knows... maybe the property agent....

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sorry, should have written as "reporter" hahaha ;)

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�

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nasi goreng kampung.... this guy got kang hu one... taste got wok hei..� shiok!

Laoyah say laoyah lah, still want to write until as if neutral to good market.

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the location is quite terok le, esp if not driving, walk out quite jialat.

So no problem lah, drop a bit only, just buy!

Attached Thumbnails

is there a list of 2 years TOP still got unsold unit?

where got lelong firesale ... no 20% discount no talk ... a $4M unit = $800k discount? [sly]

20% discount to clear is better than pay hefty levies leh

Attached Thumbnails

Edited by Wt_know, 07 June 2014 - 05:15 PM.

is there a list of 2 years TOP still got unsold unit?
where got lelong firesale ... no 20% discount no talk ... a $4M unit = $800k discount?
20% discount to clear is better than pay hefty levies leh

L L L

Lai Liao Loh !

Muayhahahahahahahah!

"Developers might have to bring down prices by 15%, but that is unlikely to happen."

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Ok lor, thank them for their contribution to nation building lor.

Last time Tembusu agent kpkb say showroom very full all units fully sold?

So is it fully sold ah?

Or agent talk big again?

ai ya, dirty trick la. should be all RELEASED untis fully sold.

Last time Tembusu agent kpkb say showroom very full all units fully sold?

So is it fully sold ah?

Or agent talk big again?

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last time go showroom ... even 1st day so called vvip ... 1-room 2-room ... sold out with sold stickers on the board

left the really bad facing and low floor

now relisted as "new released" or� "choice unit" ... nabei

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Last time Tembusu agent kpkb say showroom very full all units fully sold?

So is it fully sold ah?

Or agent talk big again?

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Edited by Wt_know, 09 June 2014 - 08:00 AM.

last time go showroom ... even 1st day so called vvip ... 1-room 2-room ... sold out with sold stickers on the board
left the really bad facing and low floor
now relisted as "new released" or� "choice unit" ... nabei
�
�

Wah really?

Such lousy strategy still can work meh today?

Thats playing the buyers , isnt it?
Is that legally allowed?

Aiyoh

yawn yawn yawn

Edited by Mockngbrd, 09 June 2014 - 10:44 AM.

last time govt help developers to chiong market

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now developers pay govt back in terms of taxes

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nothing for the man in the street

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continue to LLST

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Last time I offered $500psf for River Valley brand new apt the developer asked me to go f*ck spider.

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Now I offer $900psf for 8 Napier type projects the seller will immediately sell to me and f*ck a spider for me at the same time.

Last time I offered $500psf for River Valley brand new apt the developer asked me to go f*ck spider.
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Now I offer $900psf for 8 Napier type projects the seller will immediately sell to me and f*ck a spider for me at the same time.

Lets be real , 8 Napier i offered already $1650psf , developer prefer to tong.
Ok lor, no problem, i reinvest into the market for a return which easily exceeds rental income

Lets be real , 8 Napier i offered already $1650psf , developer prefer to tong.
Ok lor, no problem, i reinvest into the market for a return which easily exceeds rental income

Nett rental income how many percent now for that area? Assume full cash [laugh]

Nett rental income how many percent now for that area? Assume full cash

3% if you are very very very very lucky

But 8 napier dont buy lah, so near hospital, looks like hospital white white....

Edited by Throttle2, 09 June 2014 - 08:17 PM.

KNN sibei irritated by those agents who post advertisements where they just show a stupid corner of the room or backyard or front gate.

Pwui! Might as well dont advertise if so scared of your own kind. Pwui pwui pwui! Sickening! Chey!

Edited by Throttle2, 09 June 2014 - 08:42 PM.

KNN sibei irritated by those agents who post advertisements where they just show a stupid corner of the room or backyard or front gate.

Pwui! Might as well dont advertise if so scared of your own kind. Pwui pwui pwui! Sickening! Chey!

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its like tat one, they told me its "so tat other agents wont disturb the owner", so considerate rite [kiss]

Waiting for T2 to post today's BT front page,�obligatory rolex included.

Waiting for T2 to post today's BT front page,�obligatory rolex included.

�

Edited by Mockngbrd, 10 June 2014 - 11:19 AM.

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Ah Mock, thats old news.
Now it should be "Agents leave the property industry as sales thin out with buyers and sellers at a stalemate.

Waiting for T2 to post today's BT front page,�obligatory rolex included.

Boh Rolex leh....

Attached Thumbnails

3% if you are very very very very lucky

But 8 napier dont buy lah, so near hospital, looks like hospital white white....

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3% is very low. You put in US equities you should be able to earn more than that.

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3% is very low. You put in US equities you should be able to earn more than that.

SgD equities also can

Na na na, dont say i dont post

Attached Thumbnails

Orchard Road got GSS

here we got PGSS ... huat ah!

http://www.propertyguru.com.sg/pgss

Attached Thumbnails

Edited by Wt_know, 10 June 2014 - 10:54 PM.

Boh Rolex leh....

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that BT article is interesting... the reason y many rich owners r keeping units empty is coz they dun wanna lodge the rental caveat or else itll show how much rents have dropped IMO, n therefore speed up their unit's price decline. Its either that or theyre holding on as long as possible hoping for a higher rent... Old units r under serious pressure as mentioned before but their owners r willing to rent real low coz they bought them long ago.

Edited by Duckduck, 10 June 2014 - 11:46 PM.

�
that BT article is interesting... the reason y many rich owners r keeping units empty is coz they dun wanna lodge the rental caveat or else itll show how much rents have dropped IMO, n therefore speed up their unit's price decline. Its either that or theyre holding on as long as possible hoping for a higher rent... Old units r under serious pressure as mentioned before but their owners r willing to rent real low coz they bought them long ago.

You really think the market players can be in such unison ?
If that is the case, we would be able to "rig" COE prices long ago.
And HDB prices too. And in fact prices wouldnt hv moved that much.

There are simply no tenants at the right price for the owners to accept the wear and tear to renting the house. As long as they can afford it, they wont rush to rent but in time to come, you cannot sweep the dirt under the carpet .

Who wants to be the last man standing? Kee chiu!

last time vacant unit no need to pay property tax

now vacant unit also need to pay property tax

although the amount is not very high but for D10/11 and CCR condo with high annual value is just a daytona every year ... lol

huat ah [thumbsup]

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Removal of Vacancy Claim with effect from 1 Jan 2014
Vacancy refund claims�are no longer available for properties with vacant periods starting from 1 Jan 2014. As property tax is a tax on wealth, it is levied on the ownership of properties, irrespective of whether the property is occupied or vacant.�No further claims will be considered.

Edited by Wt_know, 11 June 2014 - 08:08 AM.

last time vacant unit no need to pay property tax
now vacant unit also need to pay property tax
although the amount is not very high but for D10/11 and CCR condo with high annual value is just a daytona every year ... lol
huat ah
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Wooohooo, huat ah!

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that BT article is interesting... the reason y many rich owners r keeping units empty is coz they dun wanna lodge the rental caveat or else itll show how much rents have dropped IMO, n therefore speed up their unit's price decline. Its either that or theyre holding on as long as possible hoping for a higher rent... Old units r under serious pressure as mentioned before but their owners r willing to rent real low coz they bought them long ago.

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I that think article is pure bunk. It is simply a matter of price and demand. Owners have unrealistic expectations and the agents aren't helping much.

Agent all say "Buy, buy, buy!"

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Now this fellow say "better consider selling ah."

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https://sg.news.yaho...92--sector.html

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heehee

Agent all say "Buy, buy, buy!"
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Now this fellow say "better consider selling ah."
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https://sg.news.yaho...92--sector.html
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heehee

These "gurus" are very flexible one...

buy or sell agent still got comms ma

if cannot sing buy song, sing sell song la .... buy or sell agent very song ar ....

Edited by Wt_know, 11 June 2014 - 09:04 PM.

buy or sell agent still got comms ma

if cannot sing buy song, sing sell song la .... buy or sell agent very song ar ....

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theres typically only seller comms in SG... buyer doesnt pay, so in this case agent encourage to sell coz he needs to the seller comms

sorry, i mean the agent that line up swee swee with suit at new launches ... keep shouting buy buy buy .... got comms [laugh]

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theres typically only seller comms in SG... buyer doesnt pay, so in this case agent encourage to sell coz he needs to the seller comms

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Edited by Wt_know, 12 June 2014 - 07:30 AM.

welcome to the dark side - dark condos

may the force be with you [laugh]

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http://business.asia...h.QciGiBDY.dpuf

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Edited by Wt_know, 13 June 2014 - 09:51 PM.

T2 ...mai tu liao.� Full cash

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Price cuts at prime central private homes too

lee meixian

.com.sg'>leemx.com.sg �

print�|email this article

More discounts

Singapore

THE sale is on for private residential projects in the prime central region, following price cuts for city fringe and suburban projects which helped developers move more unsold units.

Palms Sixth Avenue, a strata landed semi-detached project, is offering to absorb the 7 per cent additional buyer's stamp duty which existing Singaporean home owners have to pay for a second residential property.

With this, prices will go from $5.3 million to $4.9 million for a 4,510-sq-ft unit, and from $7 million to $6.5 million for a 5,834-sq-ft one. The discounted prices translate to a per square foot range of $1,086 to $1,114.

The project will receive its temporary occupation permit (TOP) in the first quarter of 2015.

Meanwhile, Hallmark Residences along Ewe Boon Road in Bukit Timah is offering a discount of more than 10 per cent for several of its units.

A 969-sq-ft two-bedder, for instance, will cost $1.9 million, down from $2.1 million. Three-bedders will cost $2.8 million instead of $3.1 million, and four-bedders, $3.5 million instead of $4 million. An actual show unit will be open for a one-day-only viewing tomorrow, an agent told The Business Times.

R'ST Research director Ong Kah Seng said "it was only a matter of time" before core central region (CCR) projects started to cut prices. "They have been left substantially unsold for quite a long time, and generally buyers' interest for CCR projects has been very weak. Well-located projects like these have hefty price tags, and previously, there wasn't the total debt servicing ratio (TDSR) framework limiting large loans. Some buyers like to overstretch their loan limits by buying costly homes with high leasing demand and hence, investment potential. But they can no longer do so after the TDSR." The TDSR, which requires financial institutions (FIs) to take into consideration borrowers' other debt obligations when granting property loans, is aimed at strengthening credit underwriting practices by FIs and encouraging financial prudence among borrowers.

Developers of CCR projects feel compelled to cut prices as the TOP dates of their developments loom closer, because empty units paint a discouraging picture of the projects and buyers may turn sceptical about their investment potential, Mr Ong said.

Two other condo projects in the city fringes are also re-launching units at lower prices.

8M Residences along Margate Road in the East Coast is offering an 8 per cent direct discount on its one to three-bedroom units.

For instance, an 893-sq-ft three-bedder will now cost $1.6 million, from $1.8 million. Per-square-foot prices range from $1,832 to $2,015, a breather from the median $2,100 psf at which its units transacted until April 2014. Buyers may opt to take a 10 per cent "rental guarantee" package by purchasing at the current price and getting a 5 per cent cash-back from the developer annually for two years - even while renting out the unit and receiving actual rental income.

One Eighties Residences is giving a 13 per cent discount on its two-bedroom units and penthouses, which will now start at $890,000 and at $1.4 million respectively.

Derrick Poh, marketing and communications manager at Santa United, the developer, told BT of the Joo Chiat development: "We've received enquiries, but those didn't turn into sales. Buyers are keeping a lookout and shopping around, expecting developers to reduce prices based on the current market outlook."

In any case, the lull in the June holiday period is driving developers and agents to take any measures they can to move sales, "probably now more so with World Cup fever distracting buyers away from home purchases", Mr Ong said.

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Enye, not yet lah, as i said in mid 2013. its just the beginning.

Physical property market takes about 6mths to start reaction, if the situation is salvage within 6 mths there is hope. But in this case i foresee at least a 3yr downward trend starting mid 2013 if nothing fundamental changes positively.

So not yet my friend, not yet. Not for me.

Let those who need it buy it first.
I dont need another property at this point.

CHeerios

Edited by Throttle2, 14 June 2014 - 01:10 PM.

let the big boys exhausted all their options first then shot the killer punch

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Enye, not yet lah, as i said in mid 2013. its just the beginning.

Physical property market takes about 6mths to start reaction, if the situation is salvage within 6 mths there is hope. But in this case i foresee at least a 3yr downward trend starting mid 2013 if nothing fundamental changes positively.

So not yet my friend, not yet. Not for me.

Let those who need it buy it first.
I dont need another property at this point.

CHeerios

�

Edited by Wt_know, 14 June 2014 - 01:18 PM.

T2 ...mai tu liao.� Full cash

�

�

Price cuts at prime central private homes too

By

lee meixian

.com.sg'>leemx.com.sg �

print�|email this article

�

More discounts

�

Singapore

THE sale is on for private residential projects in the prime central region, following price cuts for city fringe and suburban projects which helped developers move more unsold units.

Palms Sixth Avenue, a strata landed semi-detached project, is offering to absorb the 7 per cent additional buyer's stamp duty which existing Singaporean home owners have to pay for a second residential property.

With this, prices will go from $5.3 million to $4.9 million for a 4,510-sq-ft unit, and from $7 million to $6.5 million for a 5,834-sq-ft one. The discounted prices translate to a per square foot range of $1,086 to $1,114.

The project will receive its temporary occupation permit (TOP) in the first quarter of 2015.

Meanwhile, Hallmark Residences along Ewe Boon Road in Bukit Timah is offering a discount of more than 10 per cent for several of its units.

A 969-sq-ft two-bedder, for instance, will cost $1.9 million, down from $2.1 million. Three-bedders will cost $2.8 million instead of $3.1 million, and four-bedders, $3.5 million instead of $4 million. An actual show unit will be open for a one-day-only viewing tomorrow, an agent told The Business Times.

R'ST Research director Ong Kah Seng said "it was only a matter of time" before core central region (CCR) projects started to cut prices. "They have been left substantially unsold for quite a long time, and generally buyers' interest for CCR projects has been very weak. Well-located projects like these have hefty price tags, and previously, there wasn't the total debt servicing ratio (TDSR) framework limiting large loans. Some buyers like to overstretch their loan limits by buying costly homes with high leasing demand and hence, investment potential. But they can no longer do so after the TDSR." The TDSR, which requires financial institutions (FIs) to take into consideration borrowers' other debt obligations when granting property loans, is aimed at strengthening credit underwriting practices by FIs and encouraging financial prudence among borrowers.

Developers of CCR projects feel compelled to cut prices as the TOP dates of their developments loom closer, because empty units paint a discouraging picture of the projects and buyers may turn sceptical about their investment potential, Mr Ong said.

Two other condo projects in the city fringes are also re-launching units at lower prices.

8M Residences along Margate Road in the East Coast is offering an 8 per cent direct discount on its one to three-bedroom units.

For instance, an 893-sq-ft three-bedder will now cost $1.6 million, from $1.8 million. Per-square-foot prices range from $1,832 to $2,015, a breather from the median $2,100 psf at which its units transacted until April 2014. Buyers may opt to take a 10 per cent "rental guarantee" package by purchasing at the current price and getting a 5 per cent cash-back from the developer annually for two years - even while renting out the unit and receiving actual rental income.

One Eighties Residences is giving a 13 per cent discount on its two-bedroom units and penthouses, which will now start at $890,000 and at $1.4 million respectively.

Derrick Poh, marketing and communications manager at Santa United, the developer, told BT of the Joo Chiat development: "We've received enquiries, but those didn't turn into sales. Buyers are keeping a lookout and shopping around, expecting developers to reduce prices based on the current market outlook."

In any case, the lull in the June holiday period is driving developers and agents to take any measures they can to move sales, "probably now more so with World Cup fever distracting buyers away from home purchases", Mr Ong said.

�

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I don't know what those agents are smoking. 6th Ave and Bukit Timah aren't prime central districts! They are suburbs!
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Enye, not yet lah, as i said in mid 2013. its just the beginning.

Physical property market takes about 6mths to start reaction, if the situation is salvage within 6 mths there is hope. But in this case i foresee at least a 3yr downward trend starting mid 2013 if nothing fundamental changes positively.

So not yet my friend, not yet. Not for me.

Let those who need it buy it first.
I dont need another property at this point.

CHeerios

Yield still low and with no prospect of capital gain, how to buy?

Developers starting to blink.

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Buyers still staring stonily (cos either they got money and brains or credit not so easy to come by now).

porker ... can low ball $800k cash? muahaahahah

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Meanwhile, Hallmark Residences along Ewe Boon Road in Bukit Timah is offering a discount of more than 10 per cent for several of its units.
�
A 969-sq-ft two-bedder, for instance, will cost $1.9 million, down from $2.1 million. Three-bedders will cost $2.8 million instead of $3.1 million, and four-bedders, $3.5 million instead of $4 million. An actual show unit will be open for a one-day-only viewing tomorrow, an agent told The Business Times.

�

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I don't know what those agents are smoking. 6th Ave and Bukit Timah aren't prime central districts! They are suburbs!
�

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Edited by Wt_know, 14 June 2014 - 05:23 PM.

Mark my words, 10% discount wont move anything.

so many people write to ST Forum to cry papa cry mama about "renting out hdb"

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a. allow retired to rent out for passive income

b. allow buyer who bought from resale market (no subsidy) to rent out

c. disallow buyer who bought from hdb (with subsidy) to rent out

d. allow buyer to rent out after MOP - current rule

e. disallow PR to rent out - current rule

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walao ... so many disparate views ... simi tai ji ... red eye green eye or purple eye

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should people profit from hdb ... then EC leh?

a $800k touching $1M EC still need subsidy?

buy toyota sell lexus ... someone said one

Edited by Wt_know, 16 June 2014 - 09:46 AM.

What's up?

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Saw a jumbo in Yishun yesterday. Last renovated 25 years ago.

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owner is asking for $150K above valuation. Rejected an offer of $80K...

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LOL

COV is no $100k no talk ma ... LOL

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What's up?

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Saw a jumbo in Yishun yesterday. Last renovated 25 years ago.

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owner is asking for $150K above valuation. Rejected an offer of $80K...

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LOL

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I don't know what those agents are smoking. 6th Ave and Bukit Timah aren't prime central districts! They are suburbs!
�

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Wah lau, please read up on the MP2014, there is a city centre in north, south, east and west of singapore. All locations in singapore will just be like CBD.�

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just like all schools in singapore will be as good as any elite school

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� [laugh] � [thumbsup]

COV is no $100k no talk ma ... LOL

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�

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yeah, i don't know what BS report the media talking about.. what zero COV, below COV.

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maybe only in Punggol�

in punggol if i bought my bto $250k-ish 8 years ago, assuming 3 years to build + 5 years MOP

and now sell at $550k-$600k ... zero COV i will let go

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yeah, i don't know what BS report the media talking about.. what zero COV, below COV.

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maybe only in Punggol�

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Edited by Wt_know, 16 June 2014 - 10:31 AM.

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Saw a jumbo in Yishun yesterday. Last renovated 25 years ago.

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owner is asking for $150K above valuation. Rejected an offer of $80K...

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LOL

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Jumbo mah..... limited edition. Think the owner is looking to see if can sell. He has not comit to anything yet. If someone take his flat, then he buy. He is just fishing in the market and hoping for the fish to bite on his asking price.

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IMO, jumbo due to their limited supply can�ask a bit more lah but not at such high COV. Not many transaction to take reference as well, esp in Yishun area (woodland different story).

yeah ... no fault to fish ... if got robert to chop ... why not [laugh]

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Jumbo mah..... limited edition. Think the owner is looking to see if can sell. He has not comit to anything yet. If someone take his flat, then he buy. He is just fishing in the market and hoping for the fish to bite on his asking price.

�

IMO, jumbo due to their limited supply can�ask a bit more lah but not at such high COV. Not many transaction to take reference as well, esp in Yishun area (woodland different story).

�

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Wah lau, please read up on the MP2014, there is a city centre in north, south, east and west of singapore. All locations in singapore will just be like CBD.�
�
just like all schools in singapore will be as good as any elite school
�
� �

�
yeah, i don't know what BS report the media talking about.. what zero COV, below COV.
�
maybe only in Punggol�

Yah lor, my CCK hdb i also advertise to sell for $850k
Central region leh, five room leh, near to ITE leh...

$850k leh.

Does that mean anything, i dont know, you tell me

As long as no urgency to sell (eg committed to another place and need the cash, bought another hdb and got to sell another, EC ready and die die got to sell hdb etc), one can ask for watever price.....if wait long enough, many be someone will bite!�

Yah lor, my CCK hdb i also advertise to sell for $850k
Central region leh, five room leh, near to ITE leh...

$850k leh.

Does that mean anything, i dont know, you tell me

�

hosaybo answered your question liao� [:)]

Yah lor, my CCK hdb i also advertise to sell for $850k
Central region leh, five room leh, near to ITE leh...

$850k leh.

Does that mean anything, i dont know, you tell me

I think it means something wrong with that flat, Central region cannot be so cheap.� [laugh]

wah lau where is the price drop, been waiting for 5 mths

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mass market smelly smelly still $1,200 psf.. same as last year

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some can even sell above $2,000 psf!� [laugh] � [laugh]

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most importantly is look at % sold total column [laugh]

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post-30035-0-98456600-1402972319_thumb.j

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Edited by Wt_know, 17 June 2014 - 10:45 AM.

most importantly is look at % sold total column

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Looks pretty healthy to me. In a sustainable market, a typical project of 300 units takes around 12 to 18 months to be fully sold. That is approx 5% per month on a straight line basis.

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In any case, as i have said, any significant drop in price will not be seen this year. We are already in June and looks like developers can tahan till next year

the 1st 50% may be easy to sell

the 2nd 30% will be tough to sell

the last 20% will be hard to sell

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unless the project is very unique and have good selling points

once the buyer pool dried up ... only lelong can move sales

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Looks pretty healthy to me. In a sustainable market, a typical project of 300 units takes around 12 to 18 months to be fully sold. That is approx 5% per month on a straight line basis.

�

In any case, as i have said, any significant drop in price will not be seen this year. We are already in June and looks like developers can tahan till next year

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the 1st 50% may be easy to sell

the 2nd 30% will be tough to sell

the last 20% will be hard to sell

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unless the project is very unique and have good selling points

once the buyer pool dried up ... only lelong can move sales

�

�

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true. so u think the lelong will come in 2014?

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how many % discount is considered lelong to u?

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some people define as 50%, but also got some people 5% drop already say lelong� [laugh]

i'm aiming $800psf for OCR ... can?

that's about slightly below $1M for a 1200sqft 3BR condo ...

�

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true. so u think the lelong will come in 2014?

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how many % discount is considered lelong to u?

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some people define as 50%, but also got some people 5% drop already say lelong�

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Edited by Wt_know, 17 June 2014 - 11:02 AM.

wah lau where is the price drop, been waiting for 5 mths
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mass market smelly smelly still $1,200 psf.. same as last year
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some can even sell above $2,000 psf!� �
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top selling proj.jpg

Very clear price drop reflected in a lower median across the board. (Not forgetting this are all the small pigeon holes units) cannot mix that up with proper size units.

(If you were to show this same table dtd a year ago, you will realise, oh i forgot you are agent, you wont realise anything except for the comms in your pocket )

Also the newer projects all have a lower median price compared to those launch ions ago.
Also percentage sold remains low

All depends on how intelligent the person is when reading the table to decipher the actual facts behind the situation.

Edited by Throttle2, 17 June 2014 - 11:06 AM.

i'm aiming $800psf for OCR ... can?

that's about slightly below $1M for a 1200sqft 3BR condo ...

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$800psf very old suburban (woodlands type of location) penthouse with huge terrace maybe can

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But if you are talking about now, for a 3 br, i think only HDB can fit the budget� [laugh]

ok ... i have to go back to the johor property thread liao .... LOL .....

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$800psf very old suburban (woodlands type of location) penthouse with huge terrace maybe can

�

But if you are talking about now, for a 3 br, i think only HDB can fit the budget�

�

Very clear price drop reflected in a lower median across the board. (Not forgetting this are all the small pigeon holes units) cannot mix that up with proper size units.

(If you were to show this same table dtd a year ago, you will realise, oh i forgot you are agent, you wont realise anything except for the comms in your pocket )

Also the newer projects all have a lower median price compared to those launch ions ago.
Also percentage sold remains low

All depends on how intelligent the person is when reading the table to decipher the actual facts behind the situation.

�

yes, very clear

�

a year ago launch price was $1,240 psf

�

today in the same area it is $1,230 psf

�

very clear $10 psf drop� [laugh]

�

well, at least i did not try to compare psf price of normal units with those PES types and conclude price has dropped�

ok ... i have to go back to the johor property thread liao .... LOL .....

�

�

�

quickly buy johor hor

�

minimum price will go up to $2 million soon! LOL

�
yes, very clear
�
a year ago launch price was $1,240 psf
�
today in the same area it is $1,230 psf
�
very clear $10 psf drop�
�
well, at least i did not try to compare psf price of normal units with those PES types and conclude price has dropped�

Yup you win! Huat ah

Yup you win! Huat ah

�

[thumbsup]

�

You the agent mah.
We the blur public.
Of course you know best lah!

You all Buy buy buy......huat ah....!

You the agent mah.
We the blur public.
Of course you know best lah!

You all Buy buy buy......huat ah....!

�

u say until like that i very pai seh man�

i'm aiming $800psf for OCR ... can?

that's about slightly below $1M for a 1200sqft 3BR condo ...

�

�

�

Even�IF you can find 800psf in OCR, the problem finding a 3br unit at 1200 sqft.

if $800psf or below i can go with bigger unit, 4BR with junior master room or penthouse [thumbsup]

�

now 1000sqft x 1250psf = $1.25M .... property "analyst" said this is mass market affordable condo wor ... nabei

�

what i want is 1400sqft (or bigger) x $800psf = $1.12M

�

�

Even�IF you can find 800psf in OCR, the problem finding a 3br unit at 1200 sqft.

�

Edited by Wt_know, 17 June 2014 - 11:30 AM.

Since this thread is about rupiahs, the exchange rate now is favorable at $1 to �9450 rupiahs.

�

Time to go Bali for a good massage and babi guling.

if $800psf or below i can go with bigger unit, 4BR with junior master room or penthouse

�

now 1000sqft x 1250psf = $1.25M .... property "analyst" said this is mass market affordable condo wor ... nabei

�

what i want is 1400sqft (or bigger) x $800psf = $1.12M

�

�

What I meant was nowsadays developers are so used to squeezing people into smaller units that�finding a 3br at 1200sqft might be a problem. Same like HDB.

yalor ... nabei ... i saw a project < 900sqft compact 3-BR ... wakao

master bedroom hardly can fit king size bed

standard bedroom hardly can fit queen size bed

�

What I meant was nowsadays developers are so used to squeezing people into smaller units that�finding a 3br at 1200sqft might be a problem. Same like HDB.

�

Edited by Wt_know, 17 June 2014 - 11:44 AM.

Huat ah!

Attached Thumbnails

Ok being a bit more serious now fellas

Think about the price of launches in the last two years. Lets say median price $1300psf. This is inclusive of small units and larger units.

In recent launches, the median may not be far off maybe $1200psf. But this as we all know is 90% small mickey units.

what does it mean?
Simply that people are not willing to bite big units at that price.

Even stupid agents will know that if a 500sf unit sells for $1200psf, a 1000sf unit in the same development will probably be only $900psf+

So Not Yet fellas!
Those who believe me kee chiu!

Ok being a bit more serious now fellas

Think about the price of launches in the last two years. Lets say median price $1300psf. This is inclusive of small units and larger units.

In recent launches, the median may not be far off maybe $1200psf. But this as we all know is 90% small mickey units.

what does it mean?
Simply that people are not willing to bite big units at that price.

Even stupid agents will know that if a 500sf unit sells for $1200psf, a 1000sf unit in the same development will probably be only $900psf+

So Not Yet fellas!
Those who believe me kee chiu!

�

big units have not been selling well since probably 2010

�

the market is driven by speculators/ investors + fueled by ridiculous HDB capital appreciation due to shortsightedness under supply from govt + low interest rates

�

so many mm units being sold is just a reflection of the unsustainability of the market

�

however, developers will continue to play the game for as long as possible until the shiit hits the fan. Expect more mm units to be built, and at even smaller size to keep quantum "affordable"

�

meanwhile, investor demand is still super strong. the high number of supply is not enough to soak the even higher number of demand. This is evident from the ridiculous number of people buying properties in emerging markets. You know the market is in trouble when housewives and retirees are buying stocks, and in this case, "cheap" overseas condo at just $250K (with deferred payment scheme)�

meanwhile, investor demand is still super strong. the high number of supply is not enough to soak the even higher number of demand. This is evident from the ridiculous number of people buying properties in emerging markets. You know the market is in trouble when housewives and retirees are buying stocks, and in this case, "cheap" overseas condo at just $250K (with deferred payment scheme)�

�

demand for overseas prop is strong, not SG.

�

demand for overseas prop is strong, not SG.

�

i suspect overseas demand is strong as a spillover from SG.

�

Many are buying overseas as it has no ABSD, no TDSR, some are under HDB MOP but wanna invest, most are simply being priced out by SG's pricing

�

Real low demand for Sg can be seen in 2009. Lakeside MRT condo launch at $700psf but cannot sell, big or small units the same. SHowflat is a ghost town

�

I don't think the demand is dead now. Govt knows this that is why CM will still be in place. Without CM, i am sure that people will still be snapping up small units and you might even see PSF prices creeping up for suburban.

nabei ... now Lakeside MRT is part of "JURONG CBD" by all these developers and agents ... no $1250psf no talk ...

�

upcoming Hillview MRT is sounds like Redhill .... jin ho jiak

�

Real low demand for Sg can be seen in 2009. Lakeside MRT condo launch at $700psf but cannot sell, big or small units the same. SHowflat is a ghost town

Edited by Wt_know, 18 June 2014 - 04:51 PM.

�
big units have not been selling well since probably 2010
�
the market is driven by speculators/ investors + fueled by ridiculous HDB capital appreciation due to shortsightedness under supply from govt + low interest rates
�
so many mm units being sold is just a reflection of the unsustainability of the market
�
however, developers will continue to play the game for as long as possible until the shiit hits the fan. Expect more mm units to be built, and at even smaller size to keep quantum "affordable"
�
meanwhile, investor demand is still super strong. the high number of supply is not enough to soak the even higher number of demand. This is evident from the ridiculous number of people buying properties in emerging markets. You know the market is in trouble when housewives and retirees are buying stocks, and in this case, "cheap" overseas condo at just $250K (with deferred payment scheme)�

If there are not so many launches happening and units for sale
If the foreign buyers are willing to pay the huge stamp duty
If borrowing was easy
If prices were not already so high
If rental returns can be a bit higher
If developers dont have to pay levies
If people are all huating
If there is no election ever
..............

Then prices may stop trending down...and investor demand may be less weak.

You know the market is in trouble when the buyers of these MM units are mostly HDB owners

Wah 4bedroom 1237sf???

For hobbits ah? Muayhahahahahaha

Attached Thumbnails

3 bedroom 764sqft

less than 15 mins to clean up the house [thumbsup]

�

2 bedroom (dual key) 568 sqft .... how to divide? muahahaha

Edited by Wt_know, 20 June 2014 - 09:26 PM.

Yah lor, my CCK hdb i also advertise to sell for $850k
Central region leh, five room leh, near to ITE leh...

$850k leh.

Does that mean anything, i dont know, you tell me

put 950k lah. CCK leh.. less than 15km to Johor, super centralized.

Wah 4bedroom 1237sf???

For hobbits ah? Muayhahahahahaha

�

Please stay far far away from Far East projects [laugh]

FEO got many projects with unsold units and giving discounts leh

FEO projects no good?

�

�

Please stay far far away from Far East projects

�

�

Please stay far far away from Far East projects

�

depends which one & there are worse developers lol... eg. hiap ho3....

Edited by Duckduck, 21 June 2014 - 09:31 AM.

property mouth piece is out to talk up the market again

now near new launches & no similar competing projects = good = why cut prices = bo logic leh?

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

�

have they forgotten with ABSD + TDSR + MSR ... the pople no longer can afford the prices?

�

Developers are not in a rush to lower prices as demand has yet to reach a standstill

�

�If we look at the few developers that are cutting prices, their projects tend to be a bit isolated. For example, there are no other new 99-year launches near The Panorama and there�s also no similar competing project around Sky Habitat � I don�t think we�ve reached a situation where there�s a price war,� said Mr Nicholas Mak, executive director of research and consultancy at SLP International.

�

Edited by Wt_know, 21 June 2014 - 10:48 AM.

I am one of them....

�

Please stay far far away from Far East projects

�

For most ordinary folks, buying a 2nd property is once in a lifetime thing.

Really funny how the decision to a rental property comes so easily to them. Maybe if i can buy 4 then i can suka suka buy one lor...

For most ordinary folks, buying a 2nd property is once in a lifetime thing.
Really funny how the decision to a rental property comes so easily to them. Maybe if i can buy 4 then i can suka suka buy one lor...

True if i can buy 4 i every sunday go to new condo launches

3 bedroom 764sqft
less than 15 mins to clean up the house
�
2 bedroom (dual key) 568 sqft .... how to divide? muahahaha

Maybe the 7xx then got dual key

�
i suspect overseas demand is strong as a spillover from SG.
�
Many are buying overseas as it has no ABSD, no TDSR, some are under HDB MOP but wanna invest, most are simply being priced out by SG's pricing
�
Real low demand for Sg can be seen in 2009. Lakeside MRT condo launch at $700psf but cannot sell, big or small units the same. SHowflat is a ghost town
�
I don't think the demand is dead now. Govt knows this that is why CM will still be in place. Without CM, i am sure that people will still be snapping up small units and you might even see PSF prices creeping up for suburban.

Do u want to bet? If gahmen take off the ABSD and otHer CM measures, tmr in the news showflats queue overnight

�
depends which one & there are worse developers lol... eg. hiap ho3....

Another with HH initials also kenna a lot of kpkb.

For most ordinary folks, buying a 2nd property is once in a lifetime thing.
Really funny how the decision to a rental property comes so easily to them. Maybe if i can buy 4 then i can suka suka buy one lor...

Some people spent more time on a tray of eggs at Fairprice.

Another with HH initials also kenna a lot of kpkb.

�

u mean hoi h*p ah? lol

�

i owned a condo that was really poorly built but heng it was bought during recession so still made $. the toilet shower sunken area was inverted, meaning water was flowing out!! ahhahah

�
u mean hoi h*p ah? lol
�
i owned a condo that was really poorly built but heng it was bought during recession so still made $. the toilet shower sunken area was inverted, meaning water was flowing out!! ahhahah

I somewhat recall it was reported in the papers.

3 bedroom 764sqft

less than 15 mins to clean up the house

�

2 bedroom (dual key) 568 sqft .... how to divide? muahahaha

�

developers pulling out the smaller unit cards... haha

�

want price to drop? wait until they cannot sell any small units first bah

Do u want to bet? If gahmen take off the ABSD and otHer CM measures, tmr in the news showflats queue overnight

�

so the question is the market really dead? or is there strong pent up demand?

�

if it is the latter, then forget about any so called 20% price correction

i see the price for citygate and wondering if their strategy still can make it.

�

location wise is alright, but $1900-$2000psf for 99 years?

i see the price for citygate and wondering if their strategy still can make it.

�

location wise is alright, but $1900-$2000psf for 99 years?

�

wait till u see south beach, if it is ever launched

�

wait till u see south beach, if it is ever launched

�

developer of that magnitude can afford to slow down or hold back ma ...

here you go...big nice properties for you to bid

�

Mortgagee sales touch quarterly high in Q2

Trend seen gaining momentum due to rising supply of homes, weaker rental market

KALPANA RASHIWALA

.com.sg'>kalpana.com.sg��

PRINT�|EMAIL�THIS ARTICLE

�

Rising share of mortgagee sales

[SINGAPORE] The number of properties up for auction by mortgagees (or lenders) as well as their share of the number of properties going under the hammer has hit a quarterly high in Q2.

Auctioneers say this reflects the difficulty that financially stretched borrowers face in securing buyers for their properties since the implementation of the total debt servicing ratio (TDSR) framework a year ago. Because of this, financial institutions have had to repossess more properties and put them up for auction.

The trend is expected to gain momentum as the rising supply of non-landed private homes will make it harder for mortgagors (or borrowers) to find buyers and thus dispose of their properties themselves - resulting in more properties ending up as mortgagee sales.

Furthermore, the reduced inflow of expats into Singapore is shrinking the pool of potential tenants, hitting rental incomes and hurting owners' ability to service their loans.

Figures from Colliers International show that this quarter, 42 mortgagee sale properties have been put up for auction - almost double the 22 in Q1 this year. In Q2 2013, the figure was just six properties.

The latest figure is the highest since Q3 2009, when 63 mortgagee sale properties landed on the auction block. The first-half tally of 64 was double the 32 for the whole of last year - and also a big jump from 24 in 2012 and 39 in 2011.

In H1 this year, the number of properties put up for auction by owners was 192, down from 226 in the same year-ago period.

As a result, while the owner sales' share of properties put up for auction has dropped from 93.4 per cent in full-year 2013 to 75 per cent in H1 2014, the mortgagee sales' share has risen from 6.6 per cent to 25 per cent. On a quarterly basis, the mortagee sale share has doubled from 16.7 per cent in Q1 this year to 33.9 per cent in Q2 - the highest level since the 35.5 per cent share in Q1 2008 during the global crisis.

Colliers' analysis took into account information as at June 19 from auction lists for the major houses for the month of June. While DTZ conducted its auction last Thursday, Colliers, Knight Frank and JLL will conduct theirs this week.

JLL's analysis shows that for January-May this year, 13 properties (both owner and mortgagee sales) were sold for a total of nearly $26.2 million at auction. Of this, the mortgagee sales accounted for nine properties which fetched $12.8 million.

For the whole of last year, 21 properties amounting to $99.6 million were sold at auction, of which 10 properties totalling $12.6 million involved mortgagee sales.

Typically, financial institutions provide some leeway to borrowers who are experiencing difficulty servicing their mortgages by giving them the first crack at finding a buyer as owner sales tend to fetch a higher price compared with a mortgagee sale which is often seen as distressed. However, the implementation of TDSR has made it difficult for potential buyers to obtain credit.

"More buyers have also chosen to stay on the sidelines with a view that prices will start to ease," noted JLL's head of auction and sales, Mok Sze Sze.

As a result, said Colliers' deputy managing director Grace Ng, banks have little choice but to respossess such properties - resulting in the increase in mortgagee sale properties surfacing at auctions.

She added that due to exuberance at private housing launches in the past few years, many buyers bought uncompleted properties "off plan" with the non-savvy ending up with units that have undesirable orientation or layout. Such owners now face difficulty finding buyers and tenants.

While the majority of mortgagee properties ending up on the auction block are residential, there are also signs of an increase in strata industrial units, notes Ms Mok.

Going by Colliers' analysis, nearly 63 per cent of the mortgagee sale properties that have been put up for auction in the first six months are residential properties, followed by a 17.2 per cent share each for industrial and retail properties.

Colliers' auction tomorrow will feature a mortgagee sale property at Turquoise condo in Sentosa Cove. The 2,777-sq-ft four-plus-one bedroom unit previously surfaced at an auction on April 30. It was withdrawn without bids at the opening price of $5 million.

Another mortgagee property to be featured at the same auction is a third-floor unit at the freehold Stevens Court. The 2,863-sq-ft unit has five bedrooms. JLL's auction on Thursday will feature mortgagee sale units at VisionCrest Residence, Residences, The Floravale in Westwood Avenue and a shop unit at 116 Yio Chu Kang Road. At Knight Frank's auction today, a mortagee sale of a two-bedder at Dover Parkview is expected to go under the hammer.

Sharon Lee, head of auctions at the firm, advises those having problems servicing loans to be realistic. Given the buyer's market today, one has to be aware that potential buyers would be anticipating price corrections - instead of sticking to the last transacted price in the project some time ago, she said.

�

3 bedroom 764sqft

less than 15 mins to clean up the house

�

2 bedroom (dual key) 568 sqft .... how to divide? muahahaha

�

3bedrm!!.. 764.!!!... powerfully small..

�

even my small 2 bdrm = 720 .... how they squueze 1 more rm out??... [idea] � only 1 toilet ah... [dizzy]

mortgage sale ... soon there will be firesale [thumbsup]

Edited by Wt_know, 24 June 2014 - 01:34 PM.

mortgage sale ... soon there will be firesale

Where the link and date of the article

Where the link and date of the article

�

the one just posted?

�

http://www.btinvest....gh-q2-20140624/

here is the link ... date today
�
http://www.btinvest....gh-q2-20140624/

�

Edited by Wt_know, 24 June 2014 - 01:57 PM.

here is the link ... date today
�
http://www.btinvest....gh-q2-20140624/
�
�

Thanks viewing from phone small

It's BT front page article ahhh, dun play play.

�

Better pray pray instead.

It's BT front page article ahhh, dun play play.

�

Better pray pray instead.

�

praying for cheaper prices now!!

reminds me of 1997-2000 again, when USA mkt kept chionging n asia all dying lol

got a flyer from one of the local developers advertising the following:

�

"enjoy additional 2.5% discount this june school holiday"

�

not bad le ... sell property also can peg discount to "school holidays".�

�

sign of the times? lol

Little recourse for property agents

�

http://www.straitsti...agents-20140626

�

ehh ... i thought anyone walk in to showroom now is VVIP liao ... lol

who got moolah who is VVIP ... T2 would be VVVVVVVVVVVVVVIP

�

THE Council for Estate Agencies was set up to protect home buyers/owners and tenants from errant or unethical agents. This is in the interest of the general public.

�

But what about the well-being of agents?

�

As a property agent, I am left to fend for myself.

�

I had acted for a client in brokering the sale of a developer's unit, and had been solely responsible for introducing the sale and managing the entire transaction leading to the eventual sale.

�

At the eleventh hour, the developer conferred a so-called "VVIP status" upon the buyer, and declared that the commission normally payable had hence been reduced to a token service fee of $500.

�

I took my case to my management, which chose to look the other way. I then approached other agencies including the Manpower Ministry and Small Claims Tribunal, which advised me to seek legal action as they were not able to represent me.

�

I am disappointed that agents like me who have applied ourselves diligently have no suitable avenue to seek recourse except via costly legal action.

It will be daunting to wage a legal battle against an established property firm and developer.

�

Why are agents at the mercy of rules and regulations that seem one-sided?

�

Carol Wong Kuan Yoke (Ms)

�

Edited by Wt_know, 26 June 2014 - 09:49 AM.

�

Little recourse for property agents

�

http://www.straitsti...agents-20140626

�

ehh ... i thought anyone walk in to showroom now is VVIP liao ... lol

who got moolah who is VVIP ... T2 would be VVVVVVVVVVVVVVIP

�

�

�

�

ahahahahahahhahahaha... i rem few yrs back almost every agent i met drove a euro brand car n had big fat luxury watches on their wrists... now wear gshock cannot take it issit?
�

may i request a developer to confer me "Sir" ... buy property got special discount?

�

$500 comms? forget about rolex and not even enough for cigar la ... lol

Edited by Wt_know, 26 June 2014 - 10:31 AM.

This is no good, if the developer can get away paying off peanuts to the sales people.

This might spill over to other industries and companies could start coming out with ideas to short change sales people, even if you don't sell properties

Home prices to dip 10 to 20%: OCBC

�

first ... 5% top

second .... 10-15% top

now ... 20% top

�

waiting for T2 comment ....

�

https://sg.news.yaho...21--sector.html

�

OCBC sees residential prices will dip ten to 20 percent over 2014 to 2015.

However, a price crash in excess of 20 percent is unlikely, even after accounting for the anticipated physical oversupply and interest rate uptrend ahead, according to a recent OCBC report.

�

Edited by Wt_know, 26 June 2014 - 11:17 PM.

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 29

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