its tough times for units looking for >$8k rentals. supply in this segment is increasing but demand is not.
Originally Posted by stl67
Senior
its tough times for units looking for >$8k rentals. supply in this segment is increasing but demand is not.
Senior
http://www.propertyguru.com.sg/listi.../for-sale-miro
close to lowest 2 bedder caveat of $2.1m for also 1302 sq ft (1612psf). but still not cheap.
Newbie
Too big and will be too expensive. Buy coz you like it - not for EB factor.
Newbie
This one is a family investment and I am task to look for good deal..Can still wait..
Senior
try bargain down one tree hill unit to $3.5m? Good Luck!
Newbie
Buy for rental (yield) or cap gain? But en bloc in general in dead ...big/small, LH/FH, all dead.
Slack activity and new rules by KBW makes it very challenging for developers to buy EB sites.
Junior
Sommerville is a very very old project. huge land. quite run down. u need very extensive renovations.
however the location is very very good. very quiet and peaceful. can walk to the market. and now even has MRT.
enbloc may not be easy, since the quantum will be high.
haiz.. not so long ago the townhouse was only selling like 2.xM only. now 5-6M already. no guts to go in at that time (2003)
Newbie
No 1 objective is for capital gain
No 2 objective is for rental yeild
Newbie
Capital gains in this mkt is not easy lah.. It's anybody's guess whether mkt is continuing the up move or not. But 1 thing is definite and that is interest rate will not remain at current low level.
For your family investment, either hold it off or get a ppty with quite decent yield in good location. That way even when mkt condition worsens, u will have the confidence to hold on to the property even when prices are depressed.
Make sure ur family's cash flow also not affected!
Senior
Quite a lot of mfg companies r with holding their expansion plans in Singapore. They r exploring regional countries instead. Big units r really in trouble.
Newbie
I agree with the advice given above.
Cap gain is capped and rates will eventually normalise (definitely within the normal mortgage time-frame).
Anyway, family means bro/sis or wife/children? If bro/sis - my suggestion is don't get into that for property and if you do - get one that is newly TOP (so all can see the product) and just rent it out for yield.
Newbie
Does anyone know what the seller paid for this unit?
ST REGIS RESIDENCES SINGAPORE TANGLIN ROAD Apartment 1 4,900,000 2,142 Strata 2,288 Mar-12
$2288 seems very low for similar sized units
The most successful investors are defined by their actions in a bear market, not a bull market.
Senior
i think dtrax hinted that there's still a slight profit for this one even at this price.
Senior
Newbie
lol.... definitely a typo...
The most successful investors are defined by their actions in a bear market, not a bull market.
Exalted
can also put $1 den bracket 'price on ask'
Junior
lol ok mai tu liao.. going offer
ONE DEVONSHIRE 1 Devonshire Road #36-05 1 386 Strata 5,913,000 15319 1423 04-AUG-2009 Condominium Freehold Uncompleted New Sale Private 09 23 239896 Central Region River Valley
Senior
http://www.propertyguru.com.sg/listi...one-devonshire
he very fast wor. quickly changed back to 1496 sq ft from 4196 sq ft typo. u called him and harrassed him is it?
Senior
so many hungry vultures lurking in this forum, no wonder the showrooms are still so busy... ha.
Newbie
lolz... no la i not so boliao. I cant afford an additional 3m place for investment.http://www.propertyguru.com.sg/listi...one-devonshire
he very fast wor. quickly changed back to 1496 sq ft from 4196 sq ft typo. u called him and harrassed him is it?
2m still can try. Got a friend looking for CCR condo, so helping him keep
a lookout.
The most successful investors are defined by their actions in a bear market, not a bull market.
Senior
lower and lower...
AUG-11 2940
OCT-11 2649
OCT-11 2644
DEC-11 2574
MAR-12 2570
the last 4 transactions repeatedly set fresh 2 year low psfs.
all units are a standard 2024 sq ft.
getting close (within 10%) of 2006 launch prices before luxury segment run-up liao.
Newbie
Ya but the quantum too big for me to digest.
Jia buey Loh. lol
The most successful investors are defined by their actions in a bear market, not a bull market.
Senior
in general, it is clear that foreigners were supporting this segment with this kind of quantum and after Dec measures, they would need a much bigger discount to start buying again.
Newbie
Hi Bargain Hunter,
Since you have access to the detailed (SISV?) records, can you do a big favour and post the unit number for these 2 units? I'm keen on Rivergate, and see that the prices are beginning to come down as well.
RIVERGATE ROBERTSON QUAY Apartment 1 2,742,740 1,507 Strata 1,820 Mar-12
RIVERGATE ROBERTSON QUAY Apartment 1 2,100,000 1,055 Strata 1,991 Mar-12
Senior
its not me, its bro dtrax who has access.
Newbie
Thanks anywayits not me, its bro dtrax who has access.
Senior
the rivergate boat hopefully is coming back... missed it the last round.
Senior
but it looks defensive for now. should be one of the last to fall.
Senior
Rest of river valley hovering around the 1400-1700psf range yes?
Senior
not so low also, depends on age. but everyone asking 2000psf lah.
Posting Permissions
Reply With Quote