8courtyards

[Xan]

Different time, different economy. Many e.g.s icon, sail etc all big winners.

Foe, quite safe as long as u can hold 2 years and 4 years with SSD.

Share your Psf pls

Add in one more:
Different time, different economy, different measures.
With more measures, game over...

[lifeablast]

Understand your worries. I usually encourage pple to start the first move, dont quite like the waiting game in property investment as well. Trust me, how many first time buyers did their due diligence to study the transact price of all condos, rental yield or even potential and profit margin of each development. I only did all these studies after vested in my first property and follow by 2nd. More like on the job training. However, you must still understand the full context of the cooling measures before you commit. This will hv great impact in your decision making in the near future and also provides u a self check to see whether you will have the holding power. Usually property investors will still be the ultimate winner compared to those pple who put their money in the bank, but that's provided you have holding power. 4 years SSD impacts everyone here. Not everyone can wait that long as many things can happen.
I also agree 8CY is one of the cheapest in Singapore, this is undisputed, u can't hardly find any that come close to it. In long term, it will still appreciate, but provided you can wait. If you can't wait, you will loss the game. This is property investment.
But if you are looking at the upsides of 8CY and hoping it can occur within 4 years to cover the SSD, bank penalties, lawyer fee, agent fees etc, I tell you, the chances are very slim. Previous Estuary investors/buyers are in different situation and context compared to those who buy CR and 8CY becoz they are not binded by the 4 years SSD. Another key factor I learn in property investment is timing, which is always the most critical part.

With the new cooling measures that aims to prevent bubbles and to caution singaporean not to over commit, I still cannot see how the cooling measures had served us well and protects our interest. Would there be cases when a middle income family earns slightly less than 10k (husband income 6.5k and wife income 3k)and wanted to buy an affordable 2-3 bedder condo in a suburb area, cost ard 850k, taking up 80% loan.(which is ard 700k loan) when suddenly the husband got retrenched when project is nearing TOP. In such case, he cannot afford to pay off the loan but has to sell his property at a loss becoz profit can't cover SSD.
I advocate the old saying "no venture no gain", but at calculated risk.
It is not about the price, it's about the buyers' capacity and timing.

Thanks Xan. So far it looks like I can hold. Before this I only thought of buying and then sell. I did not realise the processes, charges and regulation involves. Now I understand these better and also learn more about property investment in this forum. This is definitely a lesson learn for me.
Regarding timing, I heard people are saying that this is not the right time because it is at peak

[kingkong1984]

yes, peak indeed, never been higher.

you will need a roof be it peak or no peak right?

its only buying during peak time, the more important thing is whether it is peak prices for new launches or for that area. 8 is not peak for Yishun.

The next thing is on the upside. little or no upside for any project and deals done after 13 Jan 11 unless it was sold at a huge Discount from valuation price.

First time could also be the last time.

Enjoy your shark fin soup. wahahahah

[chiaberry]

Thanks Xan. So far it looks like I can hold. Before this I only thought of buying and then sell. I did not realise the processes, charges and regulation involves. Now I understand these better and also learn more about property investment in this forum. This is definitely a lesson learn for me.
Regarding timing, I heard people are saying that this is not the right time because it is at peak

If you can hold long term, you will likely find that 10 years down the road this would seem like a good bargain.

I am also like you. Learned to invest in pty any-how on the job spur-of-the-moment buys etc etc yada yada. I did buy more than one pty at what was considered to be the "peak" at the time and experienced some crashes in between but since I held on and didn't sell, overall the portfolio looks quite decent now. I learned even later than you how to do the due diligence - not sure if I'm doing it properly even now. But I have no regrets on any of my pty purchases and regret not buying more at the time but due to constraints of $$$

[devilplate]

Thanks Xan. So far it looks like I can hold. Before this I only thought of buying and then sell. I did not realise the processes, charges and regulation involves. Now I understand these better and also learn more about property investment in this forum. This is definitely a lesson learn for me.
Regarding timing, I heard people are saying that this is not the right time because it is at peak

always bears and bulls around

those other 400+buyers who bot tgt wif u into 8cy do not tink they r buying at a peak

[rattydrama]

which project is protecting 8@CY?

yes, peak indeed, never been higher.

you will need a roof be it peak or no peak right?

its only buying during peak time, the more important thing is whether it is peak prices for new launches or for that area. 8 is not peak for Yishun.

The next thing is on the upside. little or no upside for any project and deals done after 13 Jan 11 unless it was sold at a huge Discount from valuation price.

First time could also be the last time.

Enjoy your shark fin soup. wahahahah

[devilplate]

which project is protecting 8@CY?

HDB resale px

[rattydrama]

HDB resale px

dont think HDB resale is protecting. for eg. during bad times, no one heard of Yishun.. all chiong to RCR as the price drop.

Woodlands and Yishun were the worst hit.

[devilplate]

dont think HDB resale is protecting. for eg. during bad times, no one heard of Yishun.. all chiong to RCR as the price drop.

Woodlands and Yishun were the worst hit.

my goodness? wat toking u??!?!?!

if HDB resale flat in yishun priced at $1....wat u tink 8cy px will be??

the 2 yishun rubies prices din drop much lower bcoz HDB resale px r protecting their bottom price

2rubies will always priced higher den HDB resale prices nearby them

[rattydrama]

I think the prices of the 2 condos will give stress to the price of 8CY if owner will to buy n sell for investment.

Buyer will compare the price of the surrounding 2 condos before buying 8CY for own stay.

HDBs in Yishun pretty old, can be as old as 20 years . There are also many new empty lands for future development. If new projects cheap and new with good facade building, this will be another minus point for 8CY. But I think it is difficult to compare private and HDB price, different league.

Maybe I rephrase my question, is there another project near 8CY, which is priced similar or higher than 8CY. If priced higher than 8CY, at least owner who commit at today’s price is protected somehow, given that FEO is not a bad developer these days.

If the near future price of Yishun condo appreciates another 30% for new projects, all 8CY owner huat x 3.

My point is for OCR property, unless for own stay, it might not be wise to just look at investment alone.

I am not talking down 8CY, I still love my North.

When I looked at north condo 1 year back, Yishun sapphire and emeralds were not on my buying list (even thou it is the cheapest) due to its layout, locations n the profile. I think there are still few other locations in the north with slightly better cap appreciation.

my goodness? wat toking u??!?!?!

if HDB resale flat in yishun priced at $1....wat u tink 8cy px will be??

the 2 yishun rubies prices din drop much lower bcoz HDB resale px r protecting their bottom price

2rubies will always priced higher den HDB resale prices nearby them

[rattydrama]

my goodness? wat toking u??!?!?!

if HDB resale flat in yishun priced at $1....wat u tink 8cy px will be??

the 2 yishun rubies prices din drop much lower bcoz HDB resale px r protecting their bottom price

2rubies will always priced higher den HDB resale prices nearby them

so 8cY price have to drop also lor, will there be any cap protection?

[devilplate]

I think the prices of the 2 condos will give stress to the price of 8CY if owner will to buy n sell for investment.

Buyer will compare the price of the surrounding 2 condos before buying 8CY for own stay.

HDBs in Yishun pretty old, can be as old as 20 years . There are also many new empty lands for future development. If new projects cheap and new with good facade building, this will be another minus point for 8CY. But I think it is difficult to compare private and HDB price, different league.

Maybe I rephrase my question, is there another project near 8CY, which is priced similar or higher than 8CY. If priced higher than 8CY, at least owner who commit at today’s price is protected somehow, given that FEO is not a bad developer these days.

If the near future price of Yishun condo appreciates another 30% for new projects, all 8CY owner huat x 3.

My point is for OCR property, unless for own stay, it might not be wise to just look at investment alone.

I am not talking down 8CY, I still love my North.

When I looked at north condo 1 year back, Yishun sapphire and emeralds were not on my buying list (even thou it is the cheapest) due to its layout, locations n the profile. I think there are still few other locations in the north with slightly better cap appreciation.

sis, i m not debating on the future potential of 8cy....seriously anything can happen....we taking things for granted tat SG prices can only go up and up....it will only be true if SG remain the top spot to attract foreign investment

wat i said earlier was.....HDB px ultimately protecting the downside of 8cy since 8cy is the cheapest new launches currently.....

fyi, i only bot into ccr during the crash period in early 09

den when the market chiong.....i begin to look at RCR

[devilplate]

so 8cY price have to drop also lor, will there be any cap protection?

any mass market condo will drop in tandem....but rate of decrease and increase differs....tats when experience and foresights and LUCK comes into play

[devilplate]

by the way, i am not encouraging anybody to buy 8cy...

pls dun get my intention wrong

[Xan]

Thanks Xan. So far it looks like I can hold. Before this I only thought of buying and then sell. I did not realise the processes, charges and regulation involves. Now I understand these better and also learn more about property investment in this forum. This is definitely a lesson learn for me.
Regarding timing, I heard people are saying that this is not the right time because it is at peak

Of coz if you want my opinion, I feel that now it is at its peak. Very very tempted to buy 8CY but at the back of my mind, I have no intention to keep it for 4 yrs before I can sell it off. Still boils down to the profile of different buyers of different needs, of different financial backgrounds and planning.
However, if you buy 8CY for self stay or to start a family, I feel you had made a right choice. But you definitely need a car.
I also vested in development similar to 8CY in 2006. Ulu and inconvenient. Worst is when I purchase a unit there, there are still ard 100 units unsold since after it has TOP for 3 yrs.
Suddenly there was a massive enbloc that took place in singapore in year 2006-2007. And within two weeks, all the 100 units in my place were snapped up. Almost everyday, I got calls from agents asking me to sell my unit. In the end, the offer was too tempting to resist. I only stayed there for 10mths.
Nothing is absolute. people here can give you all sorts of advice and even provide you with facts and statistical prove to make their point. But the ultimate decision still lies on you because you know your financial portfolio best.
Take all the comments here as part of sharing and knowledege building.
I wish you well in your purchase and glad you've made the first move.

[rattydrama]

sis, i m not debating on the future potential of 8cy....seriously anything can happen....we taking things for granted tat SG prices can only go up and up....it will only be true if SG remain the top spot to attract foreign investment

wat i said earlier was.....HDB px ultimately protecting the downside of 8cy since 8cy is the cheapest new launches currently.....

i monitor north ppty for a long time, tats the sendiments i have.
when looking at north, my view is different from when I decide ppty @ other district.

....protect the downside of 8cy, yes agree in yr general statement but if you are buying at a price X time more than HDB, wat will be the risk of yr capital protection. North area is not like central, only north people will buy. when north pple are not buying, price will have to go down to find the equilibrium.

Feel sorry for those who bet with their last penny, just want to say my piece.

we can always agree to disagree.

[devilplate]

i monitor north ppty for a long time, tats the sendiments i have.
when looking at north, my view is different from when I decide ppty @ other district.

....protect the downside of 8cy, yes agree in yr general statement but if you are buying at a price X time more than HDB, wat will be the risk of yr capital protection. North area is not like central, only north people will buy. when north pple are not buying, price will have to go down to find the equilibrium.

Feel sorry for those who bet with their last penny, just want to say my piece.

we can always agree to disagree.

how u noe only north ppl r buying? does it mean only staying near CCK area will buy CCK condo?

i noe relative who sell central and move to cck for personal reasons.....

aiyo...dun make too much assumptions

and clarify again, i am not debating about future upside of 8cy.....

[rattydrama]

how u noe only north ppl r buying? does it mean only staying near CCK area will buy CCK condo?

i noe relative who sell central and move to cck for personal reasons.....

aiyo...dun make too much assumptions

i read my papers lah... reported. north is so far from the rest of the areas, not so easy to move out/in.... assumption from north person.....

[devilplate]

i read my papers lah... reported. north is so far from the rest of the areas, not so easy to move out/in.... assumption from north person.....

actually north area quite big.....hmm

anything from hougang/amk or even bishan upwards counted as north?

mabe u r right....bcoz i one mind track tinking u r saying only those staying in yishun will buy 8cy

[rattydrama]

actually north area quite big.....hmm

anything from hougang/amk or even bishan upwards counted as north?

mabe u r right....bcoz i one mind track tinking u r saying only those staying in yishun will buy 8cy

1:0

[rattydrama]

but usually in the context of sembawang, yishun, woodlands residents only. (maybe cck). these 3 are big enough. amk/hougang residents also not very keen to travel north @ this moment. not sure about future with more developments announced.

[amk]

fyi, i only bot into ccr during the crash period in early 09

den when the market chiong.....i begin to look at RCR

nice move on both counts !

ratty there is one similar project to 8cy, that canberra residence thing. If I'm not wrong is slightly higher.

[lifeablast]

Of coz if you want my opinion, I feel that now it is at its peak. Very very tempted to buy 8CY but at the back of my mind, I have no intention to keep it for 4 yrs before I can sell it off. Still boils down to the profile of different buyers of different needs, of different financial backgrounds and planning.
However, if you buy 8CY for self stay or to start a family, I feel you had made a right choice. But you definitely need a car.
I also vested in development similar to 8CY in 2006. Ulu and inconvenient. Worst is when I purchase a unit there, there are still ard 100 units unsold since after it has TOP for 3 yrs.
Suddenly there was a massive enbloc that took place in singapore in year 2006-2007. And within two weeks, all the 100 units in my place were snapped up. Almost everyday, I got calls from agents asking me to sell my unit. In the end, the offer was too tempting to resist. I only stayed there for 10mths.
Nothing is absolute. people here can give you all sorts of advice and even provide you with facts and statistical prove to make their point. But the ultimate decision still lies on you because you know your financial portfolio best.
Take all the comments here as part of sharing and knowledege building.
I wish you well in your purchase and glad you've made the first move.

Thanks Xan. I really appreciate all the advise and information that have been provided here .

[lifeablast]

sis, i m not debating on the future potential of 8cy....seriously anything can happen....we taking things for granted tat SG prices can only go up and up....it will only be true if SG remain the top spot to attract foreign investment

wat i said earlier was.....HDB px ultimately protecting the downside of 8cy since 8cy is the cheapest new launches currently.....

fyi, i only bot into ccr during the crash period in early 09

den when the market chiong.....i begin to look at RCR

Could I ask what is OCR, CCR and RCR? Thanks.

[lifeablast]

If you can hold long term, you will likely find that 10 years down the road this would seem like a good bargain.

I am also like you. Learned to invest in pty any-how on the job spur-of-the-moment buys etc etc yada yada. I did buy more than one pty at what was considered to be the "peak" at the time and experienced some crashes in between but since I held on and didn't sell, overall the portfolio looks quite decent now. I learned even later than you how to do the due diligence - not sure if I'm doing it properly even now. But I have no regrets on any of my pty purchases and regret not buying more at the time but due to constraints of $$$

Thanks chiaberry

[rattydrama]

nice move on both counts !

ratty there is one similar project to 8cy, that canberra residence thing. If I'm not wrong is slightly higher.

in 09, liternally anywhere. buying ccr is the best move. I actually eyeing a project 10 min to orchard but shot down by my partner who is more keen else where. still not too bad lah.

I guess some of us is waiting for the market to "crash" but dont know when cos now we got china chinese. so many....n everywhere....scary... we buy before they buy up the price...... .... these pple simply too rich.

CR is priced higher which I personally agrees this is a slightly better location.

[azeoprop]

Could I ask what is OCR, CCR and RCR? Thanks.

This map might be useful
http://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf

CCR = core of central region
RCR = rest of central region
OCR = outside of central region

[rattydrama]

Could I ask what is OCR, CCR and RCR? Thanks.

core central region, rest of central region and outside central region.

[Xan]

i monitor north ppty for a long time, tats the sendiments i have.
when looking at north, my view is different from when I decide ppty @ other district.

....protect the downside of 8cy, yes agree in yr general statement but if you are buying at a price X time more than HDB, wat will be the risk of yr capital protection. North area is not like central, only north people will buy. when north pple are not buying, price will have to go down to find the equilibrium.

Feel sorry for those who bet with their last penny, just want to say my piece.

we can always agree to disagree.

I beg to differ. I moved from simei condo to yishun condo simply because the price here is more affordable and with the same price, I get bigger space for my family. Not true only north people will buy yishun, woodland.
Even my neighbors came from all parts of Singapore, some frm ccr.

[Xan]

Feels some parts of yishun is like uncovered gems. Cck is also another area I pay attention to. Since quantum is not high, there's certainly room for upsides. To put it simple, do u expect many to buy the marina residence at 3500psf (hoping that it will go up to 4500psf) or 8CY at 730psf and hoping it will go up to 850psf? Go evaluate which has a higher risk and which is safer?