Those resale transactions posted here are starting to look more interesting.Originally Posted by rattydrama
Senior
Those resale transactions posted here are starting to look more interesting.
Senior
finally a huge quantum transaction in D1:
#28-01 to #37-01 of MBR
Marina Bay Residences $6,300,000 1970 sq ft 3198psf
but wait, transactions for comparable units within the same floor range are:
3049psf in Mar 2010 and 3200psf in Apr 2010. Hardly any appreciation in the past 2 years.
Seller should still be making a profit if he had bought from developer in late 2006 i assume.
Senior
For a moment i thought it was 1970psf... Haha.
Senior
bay view 1970*1970 = 3.88m, no money also must form consortium to grab! hahaha
Junior
a good price for this old bt timah project:
FIFTH AVENUE CONDOMINIUM FIFTH AVENUE Condominium 1 2,700,000 1,496 Strata 1,805 Mar-12
Senior
One Jervois $1,500,000 990 sq ft 1515psf Mar-12
lowest psf/quantum recorded for a 990 sq ft 2 bedder in 2 years. 7 previous transactions from 1560 to 1636psf from Apr-10 till now.
Senior
Regency Park $5,350,000 3175 sq ft 1685psf Mar-12 Good deal.
Previous transactions of similar units lower:
1600psf Apr-10
1638psf Aug-10
Previous transactions of similar units higher:
1701psf Apr-11
1732psf Oct-11
1779psf Oct-10
1779psf Jan-11
1779psf Mar-11
1800psf Jan-11
1811psf Jun-11
1833psf Sep-11
1855psf Aug-11
Junior
need another 2009 style recession :
05/05/2009 #44-01 $1880 $3,682,000
Senior
Beaufort on Nassim $3,600,000 1496 sq ft 2406psf Mar-12
3 other previous transactions of bigger units at higher psf of 2593psf, 3099psf and 3299psf
Senior
old is good.
new 2 year high at:
Kum Hing Court $3,235,000 1625 sq ft 1990psf Mar-12
Range is tight though as low is 1784psf and difference can be accounted for by condition of the unit.
Senior
St Regis Residences Singapore $4,900,000 2142 sq ft 2288psf Mar-12
http://www.cdl.com.sg/srr/pdf/c43.pdf
quite nice what, why is there a rush to get out of st regis?
lowest quantum recorded for a 4 bedder in the past 2 years. units of similar sizes sold at between 2501psf to 2810psf (6 other units).
Senior
lowest psf recorded for a 3+study or 4 bedder at:
Cairnhill Crest $3,500,000 2013 sq ft 1739psf Mar-12
This is a 4 bedder on Stack 1.
Previous transactions for stack 1 both at 2050psf on May-10 and Feb-11.
5 other transactions for the 1970 sq ft 4 bedders on stack 6 at 1920 to 2188psf.
13 other 1733 sq ft 3+study units transacted at 1893 to 2200psf.
Senior
Lowest psf recorded for a 3 bedder at:
Urbana $2,180,000 1313 sq ft 1660psf Mar-12
5 previous transactions at 1700 (feb-12) to 2018psf
Senior
Lowest Psf recorded at:
Scotts 28 $3,050,000 1636 sq ft 1864psf Mar-12
17 previous transactions at 1950 to 2250psf.
Senior
Lowest psf recorded (excluding #20-06 PH with 2nd floor only roof terrace+pool) for 3 bedder at:
Cairnhill Residences $2,330,000 1163 sq ft 2004psf.
11 previous transactions at 2031 to 2569psf.
Junior
howhow, what if all these transactions even at 07 still easily few hundred k profits not including rental and also got HDB buyer. Some [probably] pay in cash or no loan which new sale caveat not even recorded
Senior
no issue right? they are just trying to raise their liquidity level. anything can sell quickly sell?
Senior
actually i m wondering, is it really no caveat = no loan/paid in full for cash?
and also conversely, i know of friends who once bought unit, even before taking any loan, the caveat lodged liao. my friends said they din lodge caveat leh. who lodges these caveats?their kpo lawyer?
Junior
actually i m wondering, is it really no caveat = no loan/paid in full for cash?
and also conversely, i know of friends who once bought unit, even before taking any loan, the caveat lodged liao. my friends said they din lodge caveat leh. who lodges these caveats?
depends, i bot unit no loan no caveat. After I took loan 2yrs later the caveat was lodged (probably by the law firm)
Global recession is coming....
All these transactions say 1 thing: MND very effective in cooling CCR property prices especially the big size ones!
But wait a minute, did many people complain that big size CCR properties are too expensive? Who want to buy these big size CCR properties CHEEP CHEEP? Not many Singapore citizens can afford them! So they cool these for who to buy CHEEP CHEEP? Food for thought isn't it?
On the other hand, many Singapore citizens complaining why resale HDB flats so expensive?
Why that OCR private properties like WaterTown can sell $1350 psf average so expensive?
Oh my! Is MND sleeping? Aren't they suppose to cool the resale HDB flats and OCR private properties instead? So they only interested to cool that big sized expensive CCR private properties only?
bargain hunter
Exalted
Join Date: May 2008
Posts: 4,448
St Regis Residences Singapore $4,900,000 2142 sq ft 2288psf Mar-12
http://www.cdl.com.sg/srr/pdf/c43.pdf
quite nice what, why is there a rush to get out of st regis?
lowest quantum recorded for a 4 bedder in the past 2 years. units of similar sizes sold at between 2501psf to 2810psf (6 other units).
4 Hours Ago #372 bargain hunter
Exalted
Join Date: May 2008
Posts: 4,448
Cairnhill Crest
lowest psf recorded for a 3+study or 4 bedder at:
Cairnhill Crest $3,500,000 2013 sq ft 1739psf Mar-12
This is a 4 bedder on Stack 1.
Previous transactions for stack 1 both at 2050psf on May-10 and Feb-11.
5 other transactions for the 1970 sq ft 4 bedders on stack 6 at 1920 to 2188psf.
13 other 1733 sq ft 3+study units transacted at 1893 to 2200psf.
4 Hours Ago #373 bargain hunter
Exalted
Join Date: May 2008
Posts: 4,448
3 bedder at Urbana
Lowest psf recorded for a 3 bedder at:
Urbana $2,180,000 1313 sq ft 1660psf Mar-12
5 previous transactions at 1700 (feb-12) to 2018psf
4 Hours Ago #375 bargain hunter4 Hours Ago #374 bargain hunter
Exalted
Join Date: May 2008
Posts: 4,448
Scotts 28
Lowest Psf recorded at:
Scotts 28 $3,050,000 1636 sq ft 1864psf Mar-12
17 previous transactions at 1950 to 2250psf.
Exalted
Join Date: May 2008
Posts: 4,448
Cairnhill Residences
Lowest psf recorded (excluding #20-06 PH with 2nd floor only roof terrace+pool) for 3 bedder at:
Cairnhill Residences $2,330,000 1163 sq ft 2004psf.
11 previous transactions at 2031 to 2569psf.
Senior
i agree with this.
but i think this (CCR big quantum fall) is more of an unintended side effect (which so happens to happen first!). MND's thinkiing is probably OCR will eventually cool after say a quarter after CM5, while the number of individuals affected in CCR is minimal (and possibly more foreigners affected than locals) compared to the number of citizens affected in OCR.
even many years ago, eg 07, government also said their regulations are less tuned to CCR ie left to fend for themselves be it super chiong or super lao sai.
All these transactions say 1 thing: MND very effective in cooling CCR property prices especially the big size ones!
But wait a minute, did many people complain that big size CCR properties are too expensive? Who want to buy these big size CCR properties CHEEP CHEEP? Not many Singapore citizens can afford them! So they cool these for who to buy CHEEP CHEEP? Food for thought isn't it?
On the other hand, many Singapore citizens complaining why resale HDB flats so expensive?
Why that OCR private properties like WaterTown can sell $1350 psf average so expensive?
Oh my! Is MND sleeping? Aren't they suppose to cool the resale HDB flats and OCR private properties instead? So they only interested to cool that big sized expensive CCR private properties only?
bargain hunter
Exalted
Join Date: May 2008
Posts: 4,448
St Regis Residences Singapore $4,900,000 2142 sq ft 2288psf Mar-12
http://www.cdl.com.sg/srr/pdf/c43.pdf
quite nice what, why is there a rush to get out of st regis?
lowest quantum recorded for a 4 bedder in the past 2 years. units of similar sizes sold at between 2501psf to 2810psf (6 other units).
4 Hours Ago #372 bargain hunter
Exalted
Join Date: May 2008
Posts: 4,448
Cairnhill Crest
lowest psf recorded for a 3+study or 4 bedder at:
Cairnhill Crest $3,500,000 2013 sq ft 1739psf Mar-12
This is a 4 bedder on Stack 1.
Previous transactions for stack 1 both at 2050psf on May-10 and Feb-11.
5 other transactions for the 1970 sq ft 4 bedders on stack 6 at 1920 to 2188psf.
13 other 1733 sq ft 3+study units transacted at 1893 to 2200psf.
Join Date: May 2008
Posts: 4,448
3 bedder at Urbana
Lowest psf recorded for a 3 bedder at:
Urbana $2,180,000 1313 sq ft 1660psf Mar-12
5 previous transactions at 1700 (feb-12) to 2018psf
4 Hours Ago #374 bargain hunter
Exalted
Join Date: May 2008
Posts: 4,448
Scotts 28
Lowest Psf recorded at:
Scotts 28 $3,050,000 1636 sq ft 1864psf Mar-12
17 previous transactions at 1950 to 2250psf.
4 Hours Ago #375 bargain hunter
Exalted
Join Date: May 2008
Posts: 4,448
Cairnhill Residences
Lowest psf recorded (excluding #20-06 PH with 2nd floor only roof terrace+pool) for 3 bedder at:
Cairnhill Residences $2,330,000 1163 sq ft 2004psf.
11 previous transactions at 2031 to 2569psf.
Senior
The market players for the $3.5m and upwards quantum aren't as obvious. So the weak hands fall prey to the strong hands. You need to have real holding power to play that space.
Global recession is coming....
Is it unintended? I am not sure though. From the on-set, some of us already know that the new CM has nothing to do with cooling OCR private property market and resale HDB flat prices. Think you better go more to coffeeshops to listen to coffeeshops' talks, many possible theories can be picked up from there.
Actually their 10% ABSD CM give me a very good idea to suggest to them to help protect Singapore citizens! They the govt should impose a 10% flat additional income tax on all foreigners! This will ensure that the companies bring in only real foreign talents and willing to absorb the 10% tax for them! This will also help the lower middle-income workers to keep their jobs and avoid being stolen from the cheap foreign workers! Citizen forumers here, what say you? If they don't implement such pro-citizens policies (just like they say implement 10% ABSD for our own good), you know what to do?
i agree with this.
but i think this (CCR big quantum fall) is more of an unintended side effect (which so happens to happen first!
even many years ago, eg 07, government also said their regulations are less tuned to CCR ie left to fend for themselves be it super chiong or super lao sai.
Exalted
remember some of us toking about big units vs MMs in 2010/2011
dont go against the trend.....
see who mati first?
wakakakakaka
Newbie
In current market climate, big CCR units more suitable for own stay. Owners with less holding power are more willing to negotiate now. As bargain-hunter has kindly pointed out, there are many instances of value buy in the above 3M quantum.
However, if one is looking for fire-sales, then I guess still have to wait patiently.
Senior
yes. good value but not fire sales yet.
Senior
but we also concluded that we can consider big units for next cycle.
Exalted
next cycle.....but we also concluded that we can consider big units for next cycle.
2010/2011 still in bull trend.....
when we r seeing downtrend, den we tok about wat to buy for next uptrend
so moral of the story: dont go against the trend
IMO, as long LTV 60% stays and ABSD 10% for foreigners stays, i wun touch big unit CCR.......wait till removed liao den we tok about it again
Banned
good point there. do you think that people buying CCR property are more driven by the potential of making more money rather than affordability.
IMO, as long LTV 60% stays and ABSD 10% for foreigners stays, i wun touch big unit CCR.......wait till removed liao den we tok about it again
Newbie
Many thanks for posting these!
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