so the myth tat say CCR owner got deep pocket and strong holding power doesnt really hold water isnt it.....now we dun even hf a recession yet and int rate still LOW LOW
not any tom dick harry can afford to buy 15M ppty wor.....y nid to cut loss???
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so the myth tat say CCR owner got deep pocket and strong holding power doesnt really hold water isnt it.....now we dun even hf a recession yet and int rate still LOW LOW
not any tom dick harry can afford to buy 15M ppty wor.....y nid to cut loss???
:ashamed1: Thanks! haha i keep an excel sheet as well, factor in SD, lawyer fees,even the $150 CV fees or watever the call it to calculate my nett purchase price. OH! and i minus off agent and bankers' rebates for me which i bargained for hahahaa.Quote:
Originally Posted by blackjack21trader
Dont forget when it TOPs gotta pay 6 mths of maintenance fee, a few hundred dollars of surveyor fees (shared with developer) Pty tax, blah blah blah blah fees
we shall see in the months to come. for now, seems like some who were thinking of selling quickly sell first in case the CCR market turns illiquid in the absence of foreign buyers. $3m and above APT/CONDO will be hard to find local buyers, many would still go for landed elsewhere?
Quote:
Originally Posted by devilplate
exactly ! If I have even $100K loss on my property, I will not let go one. What for ? Just keep long long lor and life continues on mah...unless I kena some holding power problem like last time in 1997 I kena once before hor..have to take a BIG loss.Quote:
Originally Posted by devilplate
yes...these in/out investors with huge fund is like that one...they not worry about their loss..only worry about liquidity rate of their assets ( how fast they can convert their cash into assets and vice versa) . That is why I started the above cost breakdown for you guys, because we are not big whales hor..only small ikan billis mah..well, maybe I eat a little fatter than some of you guys! WOAHAHAHAAHAHAQuote:
Originally Posted by bargain hunter
the report mention that the 5800+ sqft unit was in need of renovation so the seller is letting it go at a discount.Quote:
Originally Posted by kane
perhaps someone threw a wild party and the entire place was destroyed.
what make you think it's a "cut loss" ? it could simply be someone's business failed. Or some one lost it out in RWS and has to run road (there are a few real cases, listed companies directors run road). Or ppl like Susan Lim. Or some fund forced to sell to cover other positions for accounting purpose. Or even a money laundering case !Quote:
Originally Posted by devilplate
This kind of 10m transactions have lots of stories behind one lah.
Look at these 2 Ardmore Park transactions. Why would anyone pay almost 900psf more , especially after CM5 ?
ARDMORE PARK ARDMORE PARK Condominium 1 10,500,000 2,885 Strata 3,640 Feb-12
ARDMORE PARK ARDMORE PARK Condominium 1 8,000,000 2,885 Strata 2,773 Nov-11
the report mentioned that the Feb-12 unit is on the 27th floor and with the best view "That unit has the best view,". whereas the Nov11 unit is on the lower floor.Quote:
Originally Posted by amk
http://sgproptalk.blogspot.com/
yah, when i read it i found it weird too. St Regis TOP in 07 or 08 rite? to me, that's relatively new. high end somemore, i thought high class pple should know how to take care. prob ah sia gia had wild parties, red wine/ice cubes all over the floor until it started to rot.
Quote:
Originally Posted by Jadey
real estate & casino can be good detergent. ;)
that is right. when you read AMK's posts, you need to take them with a grain of salt. His posts have hidden messages, and that is CCR properties will always go up, which is a lie.Quote:
Originally Posted by Jadey
AMK is a devil's advocate. he doesn't believe what he is saying, but keeps saying it until the cows come home.
This guy who lost a cool $5 mil is probably going to prove to be lucky. he sold when he still could. some of you will never be able to sell unless you are willing to incur bigger losses than he.
I have always said CCR properties are dead, and many of you are still in denial. Go ahead, and lose more and more money by waiting and hoping, or dreaming.
2 times as your photo suggests..:DQuote:
Originally Posted by blackjack21trader
haiz... is that how you repay me when I told you CAPL was a screaming buy ? ;)Quote:
Originally Posted by stalingrad
Quote:
Originally Posted by amk
I have repaid you enough. I kept telling to cut your CCR holdings. I wouldn't do that to just anybody. :D
Why must sell hah? Funny. That is just 1 of possibly a few transactions and they don't make the winter just like a few swallow? :tongue3:
Ok, I give you my best advice: Better sell your OCR properties because tons of them are going to TOP 3-5 years down the road, not to mention tons of HDB flats coming on stream to compete with those OCR properties (since they are just a few steps away from those OCR private properties)! They will be over-flooded, many owned by those who have little CASH on hand, who can't afford $1000+ psf resale properties (because need to pay 40% cash upfront + need $100k or more to renovate) so they have no choice but to pay 40-50% premium to buy $1400+ psf new launch because can loan more and hence don't need so much CASH to buy that private property! :doh:
You think these people with little CASH got holding power? :banghead:
Quote:
Originally Posted by stalingrad
Leave him alone.... lets see what happens in a few years time...Quote:
Originally Posted by teddybear
Anyway you lose money he will also not lend you any lol...
And if you gain he has nothing to gain too...
If he is honest he will admit that he is looking to cash out from his OCR condo and upgrade to a nicer area closer to town...
Anyway doesnt matter lah Teddy, let him go and boast lah.... i make money its my gain, lose money is my problem....
If CCR prices drop, OCR prices can hold meh? talk nonsense, obviously trying to upgrade... if he so smart and so sure, sell his carabelle and be like Mr B go rent loh...
Please take these with a pinch of salt. Outliner transactions, much as there are many large sqft large psf making loses. I can also quote many CCR making huge profits. So how? Can we conclude that these pple are huating like no 2moro?
THE SIXTH AVENUE RESIDENCES 168 Sixth Avenue #04-23 1 126 Strata 2,168,000 17206 1599 23-AUG-2010 Condominium Freehold 2009 Sub Sale Private 10 27 276543 Central Region Bukit Timah
THE SIXTH AVENUE RESIDENCES 168 Sixth Avenue #04-23 1 126 Strata 1,395,204 11073 1029 17-NOV-2009 Condominium Freehold 2009 New Sale Private 10 27 276543 Central Region Bukit Timah
SOPHIA RESIDENCE 11 Sophia Road #09-26 1 187 Strata 3,016,640 16132 1499 17-AUG-2009 Condominium Freehold Uncompleted New Sale Private 09 22 228194 Central Region Rochor
SOPHIA RESIDENCE 11 Sophia Road #09-26 1 187 Strata 4,327,950 23144 2150 20-OCT-2011 Condominium Freehold Uncompleted Sub Sale HDB 09 22 228194 Central Region Rochor
SOPHIA RESIDENCE 9 Sophia Road #04-21 1 98 Strata 1,738,000 17735 1648 07-SEP-2009 Condominium Freehold Uncompleted New Sale Private 09 22 228193 Central Region Rochor
SOPHIA RESIDENCE 9 Sophia Road #04-21 1 98 Strata 2,110,000 21531 2000 09-JAN-2012 Condominium Freehold Uncompleted Sub Sale Private 09 22 228193 Central Region Rochor
ONE DEVONSHIRE 1 Devonshire Road #10-06 1 126 Strata 2,847,600 22600 2100 21-FEB-2012 Condominium Freehold 2011 Sub Sale Private 09 23 239896 Central Region River Valley
ONE DEVONSHIRE 1 Devonshire Road #10-06 1 126 Strata 2,268,000 18000 1672 17-JUL-2009 Condominium Freehold Uncompleted New Sale Private 09 23 239896 Central Region River Valley
With more ECs in close proximity to mrt launches in the next few years, the hdb upgrader or 2nd time EC owners may be diverted to these ECs projects instead of OCR projects with a difference of $200-$400psf for a larger units.Quote:
Originally Posted by teddybear
For 99LH condo, EC is the way to go now.
But bro not everyone eligible to buy ECs leh. Can't compare with condos like that.Quote:
Originally Posted by hyenergix
some pple always "ma huo pao" u dont know? Few years later, CCR chong he will say he bought a few undervalued units and sold for profit. Whats new?Quote:
Originally Posted by amk
he make 1 trade u need to work few lifetime leh.
bro dtrax, thanks for your data over the past few years, always useful. :)
i think after dec measures, can look out for 2012 caveats in CCR of around $3m to $5m to see if there are signs that high quantum is indeed starting to crack.
my own feel is that this category may be an unintended victim of the 10% ABSD levied on foreigners + the SSD measures in Jan last year.
Quote:
Originally Posted by dtrax
Agree with 2. Totally ban unit size less than 600sqf. Or 2 bedder smaller than that!Quote:
Originally Posted by teddybear
This seller made quite a nice profit for himself. Foreigners tend to look at ccr so its probably inevitable that the 10% absd has affected some of the demand in that space.Quote:
Originally Posted by bargain hunter
Considering he bought at july 2009, i think is profit of 25 percent is very little, where got niceQuote:
Originally Posted by kane
On a risk adjusted basis, not too bad already lah. Must learn to be contented also mah. No profit is bad profit.Quote:
Originally Posted by wind30
On a risk adjusted basis, not too bad already lah. Must learn to be contented also mah. No profit is bad profit.Quote:
Originally Posted by wind30
Quantum wise quite good watQuote:
Originally Posted by wind30