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

[yjcai]

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

i am so your fan.

[amk]

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

U say only lah. Tomo marina bay residences 4x-01 offering 1800 psf will you cheong ? Sure any time.

The truth is, real fire sales are hard to come by.

And if the 60% thing and ABSD thing are removed, there will be no more opportunities.

so now actually is the opportunity to look for real fire sales... if u have the capacity.

[bargain hunter]

i think so too (the opportunity), but i am not sure how long this window will be, just these few months or up to 2 years?

i think bro devil doesn't like to be stuck for 2 years.

U say only lah. Tomo marina bay residences 4x-01 offering 1800 psf will you cheong ? Sure any time.

The truth is, real fire sales are hard to come by.

And if the 60% thing and ABSD thing are removed, there will be no more opportunities.

so now actually is the opportunity to look for real fire sales... if u have the capacity.

[devilplate]

U say only lah. Tomo marina bay residences 4x-01 offering 1800 psf will you cheong ? Sure any time.

The truth is, real fire sales are hard to come by.

And if the 60% thing and ABSD thing are removed, there will be no more opportunities.

so now actually is the opportunity to look for real fire sales... if u have the capacity.

Mbr 1800psf? U oredi said firesale hard to come by at this point in time

I am betting tat CMs will be removed during a downtrend.....got chance to buy by den

Going forward, upside limited by cm5 and downside unlimited.....

I am sure u will only buy when there is a significant discount from current value

[devilplate]

i think so too (the opportunity), but i am not sure how long this window will be, just these few months or up to 2 years?

i think bro devil doesn't like to be stuck for 2 years.

This period isnt a window of opportunity to buy.....its rather the last window of opportunity to sell for those weak hands before any major correction imo (provided u can find a buyer to offer close to current value)

[kane]

those that are showing up as 10% down from the peak, are those common deals? like what amk mentioned, are those few and far between that are pretty hard to come across. cos i can't seem to find those from classifieds and online. are they like private hush hush deals?

[bargain hunter]

ok, then the window of opportunity is in 2 years time.

This period isnt a window of opportunity to buy.....its rather the last window of opportunity to sell for those weak hands before any major correction imo (provided u can find a buyer to offer close to current value)

[bargain hunter]

some are hush hush, some are pretty fast, ie once a deal pops up, its snapped up.

the thing is, if what bro devil expects comes true, u can soon expect such 10% discount deals to be on the market longer due to lack of buyers and they will come on classifieds and online (and be unable to find buyers). and soon it will be 20% discount.......

wakakakakakaka (oh no, i've been infected)

those that are showing up as 10% down from the peak, are those common deals? like what amk mentioned, are those few and far between that are pretty hard to come across. cos i can't seem to find those from classifieds and online. are they like private hush hush deals?

[devilplate]

ok, then the window of opportunity is in 2 years time.

Can be a slow death or sudden death......hehe

[devilplate]

some are hush hush, some are pretty fast, ie once a deal pops up, its snapped up.

the thing is, if what bro devil expects comes true, u can soon expect such 10% discount deals to be on the market longer due to lack of buyers and they will come on classifieds and online (and be unable to find buyers). and soon it will be 20% discount.......

wakakakakakaka (oh no, i've been infected)

Yes....in 08, gd deals r rare.....den suddenly so many gd deals appear during jan-april09

Lets wakakakaka!

[kane]

Yes....in 08, gd deals r rare.....den suddenly so many gd deals appear during jan-april09

Lets wakakakaka!

those bonus deals came and went very quickly.

[devilplate]

those bonus deals came and went very quickly.

U serious anot? I wished i hf infinite ammo during tat period.....there r quite a number of deals....but must be fast(able to commit within few hrs) and willing to pay agt comm

Currently, i nvr even monitor now....really no point......just wait for scary black swan event and global stocks to plunge first

Sti below 2k again? Wakakaka

[kane]

U serious anot? I wished i hf infinite ammo during tat period.....there r quite a number of deals....but must be fast and willing to pay agt comm

Currently, i nvr even monitor now....really no point......just wait for scary black swan event and global stocks to plunge first

Sti below 2k again? Wakakaka

i'll be honest to say, i only did 1 then. of course we would wish for infinite ammo. but no such luck. and 4months is really a short time, you can't even blink.

[devilplate]

i'll be honest to say, i only did 1 then. of course we would wish for infinite ammo. but no such luck. and 4months is really a short time, you can't even blink.

Unlikely to have another 4-6mths short downturn again liao.....tats a miracle actually....nxt one cud be a decade long! Who knows?

[teddybear]

Let's wait till 2015 and see. You say last opportunity to sell for weak hands.
I say last opportunity to buy before CCR move up in 2013-2014 (not OCR because that ones already peak liao).

This period isnt a window of opportunity to buy.....its rather the last window of opportunity to sell for those weak hands before any major correction imo (provided u can find a buyer to offer close to current value)

[devilplate]

i'll be honest to say, i only did 1 then. of course we would wish for infinite ammo. but no such luck. and 4months is really a short time, you can't even blink.

And i believe u monitor the wrong project tat time too! There are so many gd deals for eg one amber, southbank......u can get gd deals from developers too like wharf residence, martin plc, kovan residences, waterfront waves, dakota residence....all of them got either starbuys or general px reduction

[teddybear]

So many good deals are because many people scared to buy, saying deals not good enough, must wait for better deals! Even all the agents and insiders all also scared don't dare to buy because the future is totally black!
Who knows, within 1 year the black cloud disappeared!

Yes....in 08, gd deals r rare.....den suddenly so many gd deals appear during jan-april09

Lets wakakakaka!

[devilplate]

Let's wait till 2015 and see. You say last opportunity to sell for weak hands.
I say last opportunity to buy before CCR move up in 2013-2014 (not OCR because that ones already peak liao).

Hehe....

We all sounds like mr b.....time will tell in 2-3yrs time....wakakaka

[teddybear]

Nobody can say sure what you said is not possible, but I forsee that the chance of what you said happening is like 1% only!

U serious anot? I wished i hf infinite ammo during tat period.....there r quite a number of deals....but must be fast(able to commit within few hrs) and willing to pay agt comm

Currently, i nvr even monitor now....really no point......just wait for scary black swan event and global stocks to plunge first

Sti below 2k again? Wakakaka

[devilplate]

So many good deals are because many people scared to buy, saying deals not good enough, must wait for better deals! Even all the agents and insiders all also scared don't dare to buy because the future is totally black!
Who knows, within 1 year the black cloud disappeared!

Global dark clouds can disappear....its possible but upside really limited by cm5 leh......unless govt make some adjustment? Or u got some insider news? I really dun tink foreigners will come back in droves and willing to pay for xtra 10% leh.....

Ley say global economy recovers, investors can always buy let say london, hk and usa ppty leh....no 10% absd

[kane]

And i believe u monitor the wrong project tat time too! There are so many gd deals for eg one amber, southbank......u can get gd deals from developers too like wharf residence, martin plc, kovan residences, waterfront waves, dakota residence....all of them got either starbuys or general px reduction

i saw martin pl and kovan residences then. but i didn't think it was great deals then. of course, at hindsight, i should have bought the biggest available unit then, but no such luck lor.

[bargain hunter]

i agree with you on 2015 that CCR will have bottomed and OCR on the way down. but i am not sure if CCR will move up in 2013-2014. anyway, happy CCR buying between 2012 and 2014 everyone.

and yes, i have to be like mr b but confess i really dunno. anyone has clues, please share here. is the CCR bottom in 2012, 2013 or 2014 hehehe.

Let's wait till 2015 and see. You say last opportunity to sell for weak hands.
I say last opportunity to buy before CCR move up in 2013-2014 (not OCR because that ones already peak liao).

[hyenergix]

Singapore's economy is very open. We move from boom to bust and back to boom very quickly. The boat will always come back to pick up more passengers. Make sure you board at the next landing!

[devilplate]

i saw martin pl and kovan residences then. but i didn't think it was great deals then. of course, at hindsight, i should have bought the biggest available unit then, but no such luck lor.

Actually casa merah considered gd deal too....if not for lehman bro, developers wun sell cheap....centris can get for 600-650psf tat time too!

Basically there r many gd subsale deals during tat period....seller din sell at a loss but to me its a great deal

[kane]

you don't know it's a landing until the boat has left. that's usually the case.

[hyenergix]

i agree with you on 2015 that CCR will have bottomed and OCR on the way down. but i am not sure if CCR will move up in 2013-2014. anyway, happy CCR buying between 2012 and 2014 everyone.

and yes, i have to be like mr b but confess i really dunno. anyone has clues, please share here. is the CCR bottom in 2012, 2013 or 2014 hehehe.

2012 is likely to be relatively okay for properties due to US election. However 2013 will be challenging for those not near MRT stations (for non-landed). This is my view, and should not be taken as advice for timing your property sale or purchase!

[devilplate]

i agree with you on 2015 that CCR will have bottomed and OCR on the way down. but i am not sure if CCR will move up in 2013-2014. anyway, happy CCR buying between 2012 and 2014 everyone.

and yes, i have to be like mr b but confess i really dunno. anyone has clues, please share here. is the CCR bottom in 2012, 2013 or 2014 hehehe.

can forget about ppty for now....can only fry stocks....

now just tcss lor.....hehehe

[DC33_2008]

How about Iskandar property?

can forget about ppty for now....can only fry stocks....

now just tcss lor.....hehehe

[kane]

can forget about ppty for now....can only fry stocks....

now just tcss lor.....hehehe

i hate the gapping in stocks nowadays. open gap up or gap down. makes it feel like casino.

[devilplate]

How about Iskandar property?

Me no msia ppty guru.....

My frens and relatives in msia advise me dun touch.....they told me kl fringe areas goodie....but i nvr explore further.....just keep some RM to earn 3%FD

Imo, iskandar ppty can only buy for cap gain...no rental prospect one lor....

ur eastspring mip not bad....but now pricing abit high leh....got chance dip below $1 again?