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

**bargain hunter** · 26-08-16, 17:26

Leonie Parc View

Sold 19 AUG 2016 22 LEONIE HILL ROAD #XX-XX 2,250sq ft 2,178psf
Bought 20 JUN 2007 3,421psf

**richwang** · 27-08-16, 12:49

Originally Posted by bargain hunter

Leonie Parc View

Sold 19 AUG 2016 22 LEONIE HILL ROAD #XX-XX 2,250sq ft 2,178psf
Bought 20 JUN 2007 3,421psf

Bought at 7.7M, the current rental market cannot cover the loan. Next year will be even worse.

**Werther** · 27-08-16, 21:32

Originally Posted by richwang

Bought at 7.7M, the current rental market cannot cover the loan. Next year will be even worse.

Can't be sure la. Maybe next year economy may improved. Hard to say.

**Kelonguni** · 27-08-16, 22:06

Originally Posted by richwang

Bought at 7.7M, the current rental market cannot cover the loan. Next year will be even worse.

Who buys 7.7m only for rental???

**bargain hunter** · 30-08-16, 13:08

Cairnhill Resi

Sold 23 AUG 2016 31 CAIRNHILL CIRCLE #XX-XX 1,238sq ft 2,003psf
Bought 1 MAR 2007 2,033psf

**bargain hunter** · 30-08-16, 13:10

Martin Place Resi

Sold 15 AUG 2016 2 MARTIN PLACE #XX-XX 646sq ft 1,951psf
Bought 16 DEC 2011 2,261psf

**bargain hunter** · 30-08-16, 13:13

Stalin's favourite Duchess Resi

Sold 22 AUG 2016 108 DUCHESS AVENUE #XX-XX 1,464sq ft 1,571psf
Bought 1 AUG 2007 1,833psf

**bargain hunter** · 30-08-16, 13:14

The Draycott

SOLD 22 AUG 2016 50 DRAYCOTT PARK #XX-XX 2,637sq ft 1,649psf
Bought 30 APR 2007 1,706psf

**stalingrad** · 30-08-16, 22:05

Originally Posted by bargain hunter

Stalin's favourite Duchess Resi

Sold 22 AUG 2016 108 DUCHESS AVENUE #XX-XX 1,464sq ft 1,571psf
Bought 1 AUG 2007 1,833psf

It is still my favorite riches-to-rags story. There is a lesson for all of us.

BTW, take good care of yourself, my friend. Stories about Singapore nowadays are uniformly negative.

**teddybear** · 30-08-16, 22:58

Don't worry, Singapore is pretty safe..........

Heard Canada will have a big earth quake coming in next few years, any update on that?

Originally Posted by stalingrad

It is still my favorite riches-to-rags story. There is a lesson for all of us.

BTW, take good care of yourself, my friend. Stories about Singapore nowadays are uniformly negative.

**Werther** · 31-08-16, 17:55

Originally Posted by bargain hunter

Martin Place Resi

Sold 15 AUG 2016 2 MARTIN PLACE #XX-XX 646sq ft 1,951psf
Bought 16 DEC 2011 2,261psf

Wa.. Price dropped so fast and furious. One bedded used to be sold around $2200 psf.. Wondering why seller dropped price so much...

**bargain hunter** · 31-08-16, 18:54

Originally Posted by Werther

Wa.. Price dropped so fast and furious. One bedded used to be sold around $2200 psf.. Wondering why seller dropped price so much...

this is the bigger 1 bedder (646sq ft) vs the 592sq ft so to achieve the same 1.25m to 1.3m+ quantum, the psf is lower. 10% discount for a desperate seller is not exactly fast and furious.

**bargain hunter** · 01-09-16, 18:39

http://www.mas.gov.sg/News-and-Publi...ine-Tuned.aspx

started a thread on the fine tuning of TDSR but i think maybe more applicable to the high quantum CCR properties. could mean a reduction in the number of bargains.

**bargain hunter** · 13-09-16, 10:41

One Devonshire

Sold 2 SEP 2016 1 DEVONSHIRE ROAD #19-05 1,335sq ft 2,023psf
Bought 16 SEP 2009 2,066psf

**bargain hunter** · 13-09-16, 10:49

Cairnhill Resi

Sold 26 AUG 2016 31 CAIRNHILL CIRCLE #XX-XX 904sq ft 2,046psf
Bought 26 JUN 2007 2,350psf

**bargain hunter** · 13-09-16, 10:50

Scotts Highpark

Sold 23 AUG 2016 45 SCOTTS ROAD #XX-XX 4,209sq ft 1,782psf
Bought 15 JUN 2009 1,820psf

**bargain hunter** · 13-09-16, 10:51

Chelsea Garden

Sold 1 SEP 2016 2 WALSHE ROAD #XX-XX 2,508sq ft 1,535psf
Bought 2 MAR 2012 1,515psf

lucky to get away with just loss of stamp duty/commissions which may have been covered by rental.

**bargain hunter** · 13-09-16, 10:53

Cuscaden Resi

Sold 30 AUG 2016 26 CUSCADEN ROAD #XX-XX 1,485sq ft 1,919psf
Bought 15 FEB 2007 2,041psf

**bargain hunter** · 13-09-16, 10:55

One Jervois

Sold 29 AUG 2016 7 JERVOIS CLOSE #XX-XX 1,496sq ft 1,404psf
Bought 8 AUG 2007 1,524psf

**wannabe** · 13-09-16, 11:15

Originally Posted by bargain hunter

Scotts Highpark

Sold 23 AUG 2016 45 SCOTTS ROAD #XX-XX 4,209sq ft 1,782psf
Bought 15 JUN 2009 1,820psf

Wah! bought in Jun 2009 still can lose $.

**bargain hunter** · 13-09-16, 11:59

Originally Posted by wannabe

Wah! bought in Jun 2009 still can lose $.

big quantum lor.

**teddybear** · 13-09-16, 12:30

This just shows that CCR private property prices some have crashed to 2008/2009 lows (or a drop of >30%)!

Originally Posted by wannabe

Wah! bought in Jun 2009 still can lose $.

**bargain hunter** · 20-09-16, 19:10

stalin's fav Duchess Resi

Sold 7 SEP 2016 106 DUCHESS AVENUE #XX-XX 1,464sq ft 1,503psf
Bought 2 AUG 2007 1,808psf

Sold 22 AUG 2016 108 DUCHESS AVENUE #XX-XX 1,464sq ft 1,571psf
Bought 1 AUG 2007 1,833psf

**stalingrad** · 20-09-16, 20:00

Originally Posted by bargain hunter

stalin's fav Duchess Resi

Sold 7 SEP 2016 106 DUCHESS AVENUE #XX-XX 1,464sq ft 1,503psf
Bought 2 AUG 2007 1,808psf

Sold 22 AUG 2016 108 DUCHESS AVENUE #XX-XX 1,464sq ft 1,571psf
Bought 1 AUG 2007 1,833psf

Haha, you just made my day. It is morning where I live.

It is fair to say that real estate in CCR has dropped about 30% from its peak. In OCR, we are not immune but the drop is only about 10%.

**bargain hunter** · 20-09-16, 20:29

Originally Posted by stalingrad

Haha, you just made my day. It is morning where I live.

It is fair to say that real estate in CCR has dropped about 30% from its peak. In OCR, we are not immune but the drop is only about 10%.

for mispriced projects of 2007, for sure there are 30 to 50% losses. some e.gs. Cliveden @ Grange, Duchess Resi, bulk of sentosa, lumos, a few units in luma and latitude. some in ardmore, one tree hill, grange.

**Arcachon** · 20-09-16, 20:36

Originally Posted by bargain hunter

stalin's fav Duchess Resi

http://propertycarrots.com/community...mporter/ref/73

Sold 7 SEP 2016 106 DUCHESS AVENUE #XX-XX 1,464sq ft 1,503psf
Bought 2 AUG 2007 1,808psf

DUCHESS RESIDENCES 106 Duchess Avenue #04-10 136 2200000 1503 7-Sep-16
DUCHESS RESIDENCES 106 Duchess Avenue #04-10 136 2647000 1808 2-Aug-07

Sold 22 AUG 2016 108 DUCHESS AVENUE #XX-XX 1,464sq ft 1,571psf
Bought 1 AUG 2007 1,833psf

DUCHESS RESIDENCES 108 Duchess Avenue #04-16 136 2300000 1571 22-Aug-16
DUCHESS RESIDENCES 108 Duchess Avenue #04-16 136 2683512 1833 1-Aug-07

**bargain hunter** · 20-09-16, 20:45

http://www.propertyguru.com.sg/listi...sale-the-lumos

Cheapest unit in 2007 #06-01 163sq m $5442100 3102psf

now asking 2155psf nego. still nobody want to help.

http://www.propertyguru.com.sg/listi...eden-at-grange

cheapest unit in 2007 #05-01 200sq m $7074960 3286psf

now asking 2113psf and probably negotiable.

**bargain hunter** · 30-09-16, 18:51

The Orchard Residences

HUGE quantum which didn't lose money:

Sold 21 SEP 2016 238 ORCHARD BOULEVARD #XX-XX 6,060sq ft 2,888psf
Bought 11 JUL 2007 2,620psf

Sold 15 SEP 2016 238 ORCHARD BOULEVARD #XX-XX 4,532sq ft 3,244psf
Bought 31 MAR 2011 3,089psf

**bargain hunter** · 30-09-16, 18:54

St Thomas Suites

9 SEP 2016 31 ST. THOMAS WALK #16-01 2,605sq ft 1,689psf
Bought 25 NOV 2009 1,900psf

a good bargain. was advertised at 4.7m nego for awhile before being sold at 4.4m.

**bargain hunter** · 30-09-16, 18:56

Rivergate penthouse

Sold 26 AUG 2016 97 ROBERTSON QUAY #XX-XX 3,843sq ft 1,652psf
Bought 4 SEP 2009 1,800psf

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