A few CCR transactions sold at a loss (reported in The Edge)

[proud owner]

Not sure if this is a true transacted price but could be some cash back ... I heard recent sale in bishop gate cash back close to $1M.

Which project at Bishopgate ?

[propertycarrots]

Can consider Cairnhill Nine beside Paragon at $2300 psf - http://forums.condosingapore.com/sho...385#post514385

1.35mil for a 592 sqft unit

[bargain hunter]

what are the sizes for the 2, 3 and 4 bedders?

Can consider Cairnhill Nine beside Paragon at $2300 psf - http://forums.condosingapore.com/sho...385#post514385

1.35mil for a 592 sqft unit

[bargain hunter]

Not sure if this is a true transacted price but could be some cash back ... I heard recent sale in bishop gate cash back close to $1M.

the units at Robin Residences are not big and actually very popular too so there is no cash back. project to be completed soon with stevens mrt pretty close by, the project should at the very least be rentable. i think the quantum is still "affordable" to many so unlikely there is cash back. however, for the CNY month of Feb, agents are touting up to $38k off price upfront. lol.

[bargain hunter]

there's only this bishopgate residences there i think? small project with huge units and largely unsold.

Which project at Bishopgate ?

[proud owner]

there's only this bishopgate residences there i think? small project with huge units and largely unsold.

very 'empty' condo.

You are right, due to its huge size, the quantum is huge too.

I understand the developer is targeting foreign buyers ... they know that local with that amt of money would rather buy landed..

[bargain hunter]

joining the league of those unsold units at ardmore. wing tai pledged NOT to cut those prices at their agm wor. they would rather pay the penalty.

very 'empty' condo.

You are right, due to its huge size, the quantum is huge too.

I understand the developer is targeting foreign buyers ... they know that local with that amt of money would rather buy landed..

[propertycarrots]

Crazy transactions this CNY

[bargain hunter]

wheelock continues to be able to sell scotts square at 3312psf

[bargain hunter]

The Laurels
Sold 19 JAN 2016 38 CAIRNHILL ROAD #XX-XX 1,001sq ft 2,298psf
Bought 19 APR 2010 2,968psf

[bargain hunter]

amazing caveats in D10 for feb:

LEEDON RESIDENCE LEEDON HEIGHTS Condominium 10 CCR Freehold New Sale 1 $4,339,368 - 2,131sq ft Strata 01 to 05 2,036psf Feb-16

GOODWOOD GRAND BALMORAL ROAD Apartment 10 CCR Freehold New Sale 1 2,535,070 - 1,044 Strata 06 to 10 2,428 Feb-16

GOODWOOD GRAND BALMORAL ROAD Apartment 10 CCR Freehold New Sale 1 1,892,200 - 775 Strata 06 to 10 2,442 Feb-16

GOODWOOD GRAND BALMORAL ROAD Apartment 10 CCR Freehold New Sale 1 1,930,030 - 775 Strata 06 to 10 2,490 Feb-16

GOODWOOD GRAND BALMORAL ROAD Apartment 10 CCR Freehold New Sale 1 2,587,800 - 1,044 Strata 06 to 10 2,478 Feb-16

BISHOPSGATE RESIDENCES BISHOPSGATE Condominium 10 CCR Freehold Resale 1 10,464,697 - 3,143 Strata 01 to 05 3,329 Feb-16

Leedon Resi at >2000psf, Goodwood Grand at 24xxpsf and the Bishopgate transaction mentioned. even if there's a 1m cash back, its still a cool 3011psf. i thought there was a lot of talk about stock markets crashing affecting buying sentiment in CCR?

[bargain hunter]

St Martin Residence

Sold 28 JAN 2016 8 ST. MARTIN'S DRIVE #XX-XX 2,034sq ft 1,779psf
Bought 21 NOV 2007 2,335psf

again, the best bargains are found in the urgent sellers who overpaid.

just above this caveat, i saw another 2 big purchases:

THE LADYHILL LADY HILL ROAD Condominium 10 CCR Freehold Resale 1 $7,000,000 - 3,843 Strata 01 to 05 1,822 Jan-16

seller bought low in 2005 and made 2.2m

D'LEEDON LEEDON HEIGHTS Condominium 10 CCR 99 yrs lease commencing from 2010 Resale 1 5,300,000 - 6,534 Strata 01 to 05 811 Jan-16

a 99 year leasehold garden house for 5.3m?! (this is not even a semi-d), its just a triplex on the ground floor of one of the blocks. climbing the steep staircase alone is a chore.

[bargain hunter]

Volari

Sold 27 JAN 2016 12 BALMORAL ROAD #XX-XX 1,324sq ft 2,190psf
Bought 30 JUL 2009 2,203psf

small loss

[bargain hunter]

The Sail

Sold 2 FEB 2016 6 MARINA BOULEVARD #XX-XX 1,647sq ft 1,943psf
Bought 11 JUL 2007 2,400psf

again, a seller who bought at the peak in 2007 and is eager to sell at a loss and at a bargain to the buyer.

[bargain hunter]

Goodwood grand was launched in dec 2013 and psf ranged from 2276 to 2449psf for the standard units.
2014 was 2366 to 2544psf
only 1 transaction in 2015 at a record 2563psf
4 caveats lodged in feb 2016 at 2428 to 2490psf

[bargain hunter]

Marina Bay Resi

Sold 25 JAN 2016 18 MARINA BOULEVARD #XX-XX 980sq ft 2,807 psf
Bought 15 MAR 2007 2,881psf

lucky to get away with small loss

[bargain hunter]

Marina Bay Suites

Sold 1 JAN 2016 3 CENTRAL BOULEVARD #XX-XX 2,680sq ft 1,977psf
Bought 27 MAY 2010 2,654psf

was mentioned in the edge about half a year ago about the malaysian who wanted to sell. it said he would have made a loss but offset by forex gain.

[starrynight]

2 Feb 2016 6 Marina Boulevard #23-18 1,647 1,943 3,200,000
11 Jul 2007 6 Marina Boulevard #23-18 1,647 2,400 3,952,800
5 Dec 2006 6 Marina Boulevard #23-18 1,647 1,500 2,470,500
7 Oct 2005 6 Marina Boulevard #23-18 1,647 1,385 2,281,290

The Sail

Sold 2 FEB 2016 6 MARINA BOULEVARD #XX-XX 1,647sq ft 1,943psf
Bought 11 JUL 2007 2,400psf

again, a seller who bought at the peak in 2007 and is eager to sell at a loss and at a bargain to the buyer.

[proud owner]

Marina Bay Suites

Sold 1 JAN 2016 3 CENTRAL BOULEVARD #XX-XX 2,680sq ft 1,977psf
Bought 27 MAY 2010 2,654psf

was mentioned in the edge about half a year ago about the malaysian who wanted to sell. it said he would have made a loss but offset by forex gain.

All these FOREX gain BS ...

if it was a Msian owner, what FX gain ? in 2010 ?

Ringgit didnt plunge until 2014/15 ...

save face excuses...

[thomastansb]

Especially those big big units in prime districts. Those are the ones that suffer jia lat jia lat. But at that kind of quantum, it is beyond the reach of 99% of the population anyway. So no matter how cheap it is, it is still in the region of millions. Not many people can take out 500k cash that easily.

actually, prices are not falling. these losses were mostly incurred because people had bought at irrational prices during the 2007 CCR euphoria. where psf was the only thing that mattered and nobody bothered about the quantum.

current prices i feel has not fallen much since 2014. there are pockets of cheap sales here and there but most of the fall has already happened. so to me, its more like has fallen. it may still be falling but it all depends on the project.

[teddybear]

What does this mean? It means property prices crash in prime CCR districts only benefit the rich who can afford?

Time for the government/MND to fine-tune their property cooling measures to also crash OCR property prices so that the ordinary people will benefit and be able to buy CHEAP CHEAP?

Otherwise the so-called property prices already cooled (just because CCR prices crashed and dragged overall PPI lower is plain useless to ordinary people and only benefits the rich).

Especially those big big units in prime districts. Those are the ones that suffer jia lat jia lat. But at that kind of quantum, it is beyond the reach of 99% of the population anyway. So no matter how cheap it is, it is still in the region of millions. Not many people can take out 500k cash that easily.

[bargain hunter]

ok, backed by examples:

TWENTYONE ANGULLIA PARK

4 FEB 2016 21 ANGULLIA PARK #XX-XX RESALE 3,348sq ft STRATA 3,600psf $12,052,800 PRIVATE

THE RITZ-CARLTON RESIDENCES SINGAPORE CAIRNHILL

5 FEB 2016 65 CAIRNHILL ROAD #XX-XX RESALE 3,057sq ft STRATA 3,467psf $10,600,000 PRIVATE
5 FEB 2016 65 CAIRNHILL ROAD #XX-XX RESALE 3,057sq ft STRATA 3,795psf $11,600,000 PRIVATE

benefit the rich who can afford lor.

What does this mean? It means property prices crash in prime CCR districts only benefit the rich who can afford?

Time for the government/MND to fine-tune their property cooling measures to also crash OCR property prices so that the ordinary people will benefit and be able to buy CHEAP CHEAP?

Otherwise the so-called property prices already cooled (just because CCR prices crashed and dragged overall PPI lower is plain useless to ordinary people and only benefits the rich).

[thomastansb]

Why would the Government bother about CCR? Crash crash lor. Who cares.

Government should care only about HDB. Maybe suburban condo a bit but the focus should be on HDB. 80% of the people stay in HDB and the remaining mostly OCR follow by RCR. So I think they are doing a good job. The top 1%, who cares.

What does this mean? It means property prices crash in prime CCR districts only benefit the rich who can afford?

Time for the government/MND to fine-tune their property cooling measures to also crash OCR property prices so that the ordinary people will benefit and be able to buy CHEAP CHEAP?

Otherwise the so-called property prices already cooled (just because CCR prices crashed and dragged overall PPI lower is plain useless to ordinary people and only benefits the rich).

[Kelonguni]

Fully agree with you!

Three thumbs up.

Why would the Government bother about CCR? Crash crash lor. Who cares.

Government should care only about HDB. Maybe suburban condo a bit but the focus should be on HDB. 80% of the people stay in HDB and the remaining mostly OCR follow by RCR. So I think they are doing a good job. The top 1%, who cares.

[teddybear]

So, you mean the government is doing a good job by keeping OCR private property prices at historical high prices despite their so-called property cooling measures that is supposed to cool it?

And you are contradicting yourself by saying that the government's "focus should be on HDB. 80% of the people stay in HDB"?
You mean the government's focus is to keep OCR private property prices at historical high?
Oh, there you goes the dream of the >80% HDB owners who dream of upgrading to OCR private properties (after all the hoo-ha about property cooling measures which give them false hope).............

Why would the Government bother about CCR? Crash crash lor. Who cares.

Government should care only about HDB. Maybe suburban condo a bit but the focus should be on HDB. 80% of the people stay in HDB and the remaining mostly OCR follow by RCR. So I think they are doing a good job. The top 1%, who cares.

[august]

Why would the Government bother about CCR? Crash crash lor. Who cares.

Government should care only about HDB. Maybe suburban condo a bit but the focus should be on HDB. 80% of the people stay in HDB and the remaining mostly OCR follow by RCR. So I think they are doing a good job. The top 1%, who cares.

Depends what is your definition of 'care'.
Gov "cares" so much about HDB that prices will not drop and new flats do not get cheaper.
Or is the gov "caring" too much that all the caring efforts are targeted on private property.

[thomastansb]

I don't really care about OCR. HDB is first priority. And I thought prices peaked 2013/14? What you talking? Now still historical high meh? Get your facts right first. LOL. Machiam talking like TOC, TRS.

Economically speaking, shouldn't property prices or asset prices hit historical high? Just a matter of time right? I mean, if you know economy, inflation etc. If not, then no point continuing.

So, you mean the government is doing a good job by keeping OCR private property prices at historical high prices despite their so-called property cooling measures that is supposed to cool it?

And you are contradicting yourself by saying that the government's "focus should be on HDB. 80% of the people stay in HDB"?
You mean the government's focus is to keep OCR private property prices at historical high?
Oh, there you goes the dream of the >80% HDB owners who dream of upgrading to OCR private properties (after all the hoo-ha about property cooling measures which give them false hope).............

[thomastansb]

I thought they whack HDB as well? I don't really know because I don't own or intend to buy HDB. Like lower MSR, lower max years, 5 years MOP for resale etc.

Cheap is subjective. 100k after grants for 3 bedroom, I think it is dirt cheap.

Depends what is your definition of 'care'.
Gov "cares" so much about HDB that prices will not drop and new flats do not get cheaper.
Or is the gov "caring" too much that all the caring efforts are targeted on private property.

[august]

I don't really care about OCR. HDB is first priority. And I thought prices peaked 2013/14? What you talking? Now still historical high meh? Get your facts right first. LOL. Machiam talking like TOC, TRS.

Economically speaking, shouldn't property prices or asset prices hit historical high? Just a matter of time right? I mean, if you know economy, inflation etc. If not, then no point continuing.

Are Hdb Bto prices coming down or continuing to climb? You do not seem to know the facts. Lol

[teddybear]

Economically speaking property prices should hit historical high? Only you said so right?
At least that is NOT the belief of MND / MAS / Singapore government otherwise there won't be so many property cooling measures! ho ho ho!
The government is telling us that you talk cock lah!
And what is wrong with TOC and TRS? Thought they exposed many "famous" issues?? You can't stand these is it?

HDB price peaked in 2013/2014? Really??
Ho ho ho, you talk cock again (as exposed by others here like August)!

I don't really care about OCR. HDB is first priority. And I thought prices peaked 2013/14? What you talking? Now still historical high meh? Get your facts right first. LOL. Machiam talking like TOC, TRS.

Economically speaking, shouldn't property prices or asset prices hit historical high? Just a matter of time right? I mean, if you know economy, inflation etc. If not, then no point continuing.