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Evelyn owner, you inspire me! I left recently left my 80 to 100 hour a week job and decided to give "property investing" a go. I have used up all my savings from the past 6 years as well as into my OD faciilites to give myself a 10 million exposure to the property market. I hope you are right and property prices go up 50% from here!
Well a dude in IB in Singapore and HK will make more than his peer in New York simply because of the lower tax rate and housing allowance (those in New York don't get it) so to say they make 3 times more in New York is wrong. Any most of my peer in IB like evelyn owners do invest in property both in HK and Singapore and they go in big time too....
Anybody knows what is the best way to save tax?? my income tax is killing me, not tt i earn 60k a mth but quite close.......
what is ib ?? All ppties will rise but make sure u choose the right ppty esply those with 3-4000 psf cos high risk and if there is no taker, u have to svc the loan for life or sell at loss which is substantial. The supply will come in 2-3 yrs time and we shall c what happen when supply>demand
It's about tax management to avoid tax (which is legal - evading then is illegal). Go see au auditor or tax adviser, it will be money well-spent. Given that I am a big-time lawyer earning 7 figure every 3 or 4 months, and having 12 properties all bought at special launch prices before the price surge, I am a S'porean and I am not a kia-bo. I have out-witted the Indonesian. If I were to sell my properties today (not a problem at all), I will an average of about 1.5 to 2 million per unit. That is about good enough to pay for 4 to 5 units I can keep and still got a few mio to boot. See, mch better than the Indonesian.Quote:
Originally Posted by Unregistered
You indonesian and lawyer so bloody rich. I only earn $800 per month cleaning up your condo. Life is so unfair. I am not a kia-bo. I am a bo-bo. But one thing I am better than you all. I no need to worry about taxes. I am tax-free.Quote:
Originally Posted by Unregistered
IKAN BAKARQuote:
Originally Posted by Unregistered
evelyn owner, with $10m dollar, what properties will you be investing???Quote:
Originally Posted by evelyn owner
I think you can get the coast for under $5m.
Unless you buy 2.
Haha IB is ikan bakar. thats what i feel like sometimes!
To unregistered: IB Is investment banking.
I dont believe in buying expensive branded stuff and driving porsches cos i was from a poor background. I wear a branded watch for 10 yrs. I do enjoy my holidays, restaurants and stay in comfy hotels but hv never taken a business or first class seat on personal travel. maybe when i hv $10M i will indulge a bit but not now. Now i'm focusing on bldg my nest egg or "FU" money. (FU money is impt so that when yr boss pisses u off, you can tell him F.U. i'm off! ;)))
with $10M what will i buy? something which everybody wants and is easy to sell. ie not the Parkview eclats and Super penthouses. I want something which i can sell in one week and there are no shortage of buyers.
I see those kinda properties as those which are in prime areas and around $2-5m. any higher it would ve to be benchmark properties like four seasons park or ardmore park- something easy to sell.
for now my $10m is invested in a bungalow and looking at sentosa and maybe some leftover for a small outlying prime (d21?) deferred project. i was thinking either cascadia or an old potential en-bloc like ridgewood or pandan valley.
if anyone knows how to save tax pls let me know. i always stupidly declare fully. i know singapore tax is easy to file and i never take more than 15 mins but i think i can save something somewhere. do let me know how. Thanks!
It was very interesting to read you posts guys .. More interesting to know the latest developments ,how did you cut your losses e.t.c. I think in a few month there would be the best time to buy properties when prices below the floor and all the players with no back up plan are desperate to get out at any costs.. :doh:
i wonder where is evelyn owner ? i value his/her value very much and i hope he can come back to give his thoughts on the present economic situation.
I also liked his insights on the situation and he was very correct on what he said .. I guess he was stuck in the massive fall down and now licking his wounds .. He said he leveraged his 3m to buy 12m properties and it was right at the end of rally up.. when ppl were buying at 2,200psf and now all those properties down to 1,600 psf :scared-1:
if that is true ... same for you lah ... but you are also licking your wound what ...Quote:
Originally Posted by J-Dog
Ha-ha-ha,, Actually , no one protected from the sudden crash .. but I tell you, my strategy is to buy when everything is very depressed like now .. and sell when all the news paper going crazy about property boom, and all even you maid talks how the property getting expensive , this is sure time to sell .. I really hope that Evelyn Owner got out in time with minimal losses , I read his thread and I liked and appriciated every word he said.. Actually Residence evelyn is one of the greatest projects around location wise and facilities .. not directly facing roads , tucked away , 5 min to Ochard and 5 mins to Novena .. right by the Newton MRT and still well priced !!
Oh! I thought you have something new. That's why you cursed him to death and boasted to world you are the best.Quote:
Originally Posted by J-Dog
Nothing new lah! You are doing what everyone is doing. Same same!
I never cursed anyone and never boasted to the world , There is nothing new under the moon , just a game I guess like a Casino but much more at stakes and better chances of winning .. "If you do not buy - you will never sell and make" :banghead:
J-Dog is just a Con Dog, trying to bullshit the forumers here. Only a fool like you get conned by him.Quote:
Originally Posted by RegĄstered
"Same-Same but different " my friend !! Ha-Ha , you are very funny , Con Dog in what ?? Am I trying to sell you something ??? Wake up dude and go and buy your favourite "The Quartz" wait 100 years till it matures .. :spliff:
Con people to buy D11 at D19 price?Quote:
Originally Posted by J-Dog
Never mind lah!
Con Dog is yummy!
D19? Wrong comparison lah.Quote:
Originally Posted by Anti-Maddog
Should compare to D4 lah.
Quote:
Originally Posted by URA
Quote:
Originally Posted by Supporter
Wow, 4 bedroom unit just had been sold for $1,550 psf in this Residence Evelyn 2,250 sf , this is extremely low price for such prime project .. Any idea what unit is this ?? Must be a lousy low floor unit .. These 4 bedroom units rent out for 17k per month .. :confused:
Project Name-RESIDENCES @ EVELYN(Former IXORA COURT)
Developer-City Developments Ltd
Property Type-Condominium
Tenure - Freehold
Total Units - 208
Completion Date - May-2007
District - 11
2 bedroom (1033 - 1141sf)
3 bedroom (1528 - 1539sf)
Penthouse (2067 - 2466sf)
hi,u can see at the condo surrounding through this website.It is 720 degree virtual tour
http://www.virtualhomes.sg/residences@evelyn
more vacant units? prices sliding from high above $2000 psf to $1500psf..hitting developer's price soon. Anyone check with valuer and bank's what are the prices and financing margin like in Jan 2009? at $1200 psf with 70% financing margin.Quote:
Originally Posted by moonk123
now property prices like share prices.....we have seen bank stock price crashed from $50 to less than $5.Quote:
Originally Posted by dmonddd
Sellers seem to be more willing to lower the prices, realising that the window is closing soon....either at the bank on financing or drying demand.
1,200 psf I will buy if anyone wants to sell , quick cash deal !
please leave me your details
although it's below developer's price, but at the rate of things are moving within orchard, prices for this project will fall to sub-$1000.Quote:
Originally Posted by J-Dog
I must say that you are very courageous.
Quote:
Originally Posted by dmonddd
You must've been following the trend. Selling below developer's price is not uncommon with current sentiments.......Think many might have seen that in the past. Don't think this time is an exception.....
Recently, I went to view a unit at Resi@ Evelyn and was most keen on it. I must say, as of now, I really like this unit quite a fair bit. This said, I am rather bothered by the construction immediately in front of Resi @ Evelyn.Quote:
Originally Posted by Gen Sahiro
I would like to get guidance from people whom might be familiar with the below situation.
The view of the unit was great, facing city and marina bay area, which I have a personal perference for. That is, this is the stack (living hall facing) which faces the newton road. Immediately in front of Resi @ Evelyn, there is huge bare patch with construction works appearing to be in good progress. I noticed the piling works appears to be completed and the building of the next relevant stage would be well in process. This development in front, from what I understand is Trilight by Ho Bee.
Given its location and the unblocked view of the city and marina area, it is lilkely that the developer will plan its frontage such that the view and facing towards city/marina area will be maximise (assuming unblocked city-CBD and marina area facing is preferred). Based on the frontage and site area shape, my assessment is that Trilight is likely to completely flank off the view of Residence @ Evelyn for the units facing City and CBD area. That development is expected to be a 30 storey condonium with two block. Residences @ Evelyn is approx. just over 30+ floors.
I understand Trilight is currently not launched yet. Based on Ho Bee's website, Trilight's expected completion is likely to April 2011, two years from now.
What are your views on procuring a unit at Residences @ Evelyn, for that facing, which in what would seemed to be completely flanked off by Trilight. I must say, the view as it is now, is fantantic.
In consideration of the potential upcoming construction (noise, dust...etc) and potentially blocked out view, Resi @ EVelyn prices are likely to plunge anytime soon ?
I noted the most recent caveats at URA was done at 1118psf. I understand that was a #19 unit with balcony.
PS: Although Newton One is now completely and somewhat diagonal to Resi@Evelyn, it is not actually not posing a problem, as it is located "off" the view of Resi @ Evelyn, for this unit which has direct city-CBD and marina facing.
i viewed a vacant unit at 23rd floor last year (poor memory cant recall the date, home minister would remember) and beautiful view. agent in fact mentioned then that view should be clear even if newton one is up........as newton one would be much lower and guess what..Quote:
Originally Posted by DW
recently i also viewed a unit on 27th floor...i guess you viewed the same unit 2-bedder. omg...i expect the 27th floor unit be looking down at the penthouse of newton one. sorry it looks like we need to do a lot of homework way ahead and not take agent's words for it. and when i looked at the new project and noted that the piling spot is quite near.
DW, you wouldnt stand a chance as i viewed the tenanted unit way ahead of you. i have lost my interest in this project. have been trying to hard sell this project to home minister then who always complained about the glass-surrounded bath room in master. This designer is courageous to design such concept.
And my home minister noticed that with furniture in, the master bedroom can fit a bed but there's no legroom...
chapter closed on residences@ evelyn. a year ago at 1300psf i'm sure i would have bought the vacant unit at 23rd floor. the price then was calling at 1800psf. residences@evelyn lost its magic for those facing new project and newton one.
latest asking price at $1600 psf. still below record high of $2000+ psf