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

  1. #91
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    Quote Originally Posted by wind30
    Considering he bought at july 2009, i think is profit of 25 percent is very little, where got nice
    This is a CCR new sale in Aug 2009. It made 25% in 2 yrs.

    What are the comparable OCR new sale in that same period ? Off hand I roughly remember the news making one is Optima. Any optima subsale that makes 25% ?

    In fact 25% is very good. Because 2 yrs later nearing TOP just when subsale starts to be active gov have so many CMs in place, that kill off pty investment interest almost completely. 2009-2010 new sale buyers are mostly paper profit and not necessarily able to realize their gain now.

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    anyway big ticket ppty r dead.....all depends on holding power and int rate liao......

    unless govt allow foreigner to buy 1st ppty without paying 10% absd....or reduce foreigner 1st ppty absd to let say 3%....

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    Quote Originally Posted by devilplate
    anyway big ticket ppty r dead.....all depends on holding power and int rate liao......

    unless govt allow foreigner to buy 1st ppty without paying 10% absd....or reduce foreigner 1st ppty absd to let say 3%....
    That is why firesales are starting to crop up for large units. First at St Regis then at Draycott. Soon it will be TOR, waiting eagerly for it.

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    Quote Originally Posted by bullman
    That is why firesales are starting to crop up for large units. First at St Regis then at Draycott. Soon it will be TOR, waiting eagerly for it.
    Hi
    do u hv any good buy on hand?

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    Quote Originally Posted by Laguna
    Hi
    do u hv any good buy on hand?
    Currently, I know only of the Draycott unit, as of yesterday. Not sure if its been taken The St Regis unit moved really fast though.

    For others, we must continue to wait patiently.

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    I already suggested way before CM5 that we all just keep perfectly still and just go showrooms for free food and DO NOT BUY. That will panic the developers and then the high end owners hor. As long as the new ones are moving, that will still give hope to the resale markets mah.

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    So many large quantum CCR losing moneyyyyyyyyyyyy:

    MARINA COLLECTION 17 Cove Drive #03-26 1 174 Strata 5,244,400 30140 2800 22-FEB-2012 Condominium 99 Yrs From 03/01/2007 2011 Resale Private 04 09 098329 Central Region Southern Islands

    MARINA COLLECTION 17 Cove Drive #03-26 1 174 Strata 5,225,670 30033 2790 27-MAR-2008 Condominium 99 Yrs From 03/01/2007 Uncompleted New Sale HDB 04 09 098329 Central Region Southern Islands

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    Din make much money either:

    PARVIS 12 Holland Hill #07-02 1 92 Strata 1,645,280 17883 1661 04-FEB-2010 Condominium Freehold Uncompleted New Sale Private 10 27 278743 Central Region Bukit Timah

    PARVIS 12 Holland Hill #07-02 1 92 Strata 1,700,000 18478 1717 24-FEB-2012 Condominium Freehold Uncompleted Sub Sale Private 10 27 278743 Central Region Bukit Timah

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    another source told me the caveat before these 2 for Sophia Residence was a loss (after transaction costs):

    #03-11 133 sq m 2.08m 1453psf 11/07/2011. purchase price from developer in 2009 was 1438psf.

    so everyone, keep your eyes open for good deals above $2m. but agents prob beat us to it.


    Quote Originally Posted by dtrax
    SOPHIA RESIDENCE 11 Sophia Road #09-26 1 187 Strata 3,016,640 16132 1499 17-AUG-2009 Condominium Freehold Uncompleted New Sale Private 09 22 228194 Central Region Rochor

    SOPHIA RESIDENCE 11 Sophia Road #09-26 1 187 Strata 4,327,950 23144 2150 20-OCT-2011 Condominium Freehold Uncompleted Sub Sale HDB 09 22 228194 Central Region Rochor

    SOPHIA RESIDENCE 9 Sophia Road #04-21 1 98 Strata 1,738,000 17735 1648 07-SEP-2009 Condominium Freehold Uncompleted New Sale Private 09 22 228193 Central Region Rochor

    SOPHIA RESIDENCE 9 Sophia Road #04-21 1 98 Strata 2,110,000 21531 2000 09-JAN-2012 Condominium Freehold Uncompleted Sub Sale Private 09 22 228193 Central Region Rochor

  10. #100
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    bro, 3.3% gross gain also a loss wor.

    Quote Originally Posted by dtrax
    Din make much money either:

    PARVIS 12 Holland Hill #07-02 1 92 Strata 1,645,280 17883 1661 04-FEB-2010 Condominium Freehold Uncompleted New Sale Private 10 27 278743 Central Region Bukit Timah

    PARVIS 12 Holland Hill #07-02 1 92 Strata 1,700,000 18478 1717 24-FEB-2012 Condominium Freehold Uncompleted Sub Sale Private 10 27 278743 Central Region Bukit Timah

  11. #101
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    not much CCR new launches recently. So that time is coming? a window of opportunity this year?

    Quote Originally Posted by blackjack21trader
    I already suggested way before CM5 that we all just keep perfectly still and just go showrooms for free food and DO NOT BUY. That will panic the developers and then the high end owners hor. As long as the new ones are moving, that will still give hope to the resale markets mah.

  12. #102
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    Quote Originally Posted by bargain hunter
    bro, 3.3% gross gain also a loss wor.

    Stamp duty?

  13. #103
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    Quote Originally Posted by bargain hunter
    another source told me the caveat before these 2 for Sophia Residence was a loss (after transaction costs):

    #03-11 133 sq m 2.08m 1453psf 11/07/2011. purchase price from developer in 2009 was 1438psf.

    so everyone, keep your eyes open for good deals above $2m. but agents prob beat us to it.
    Hardly any loss, sophia residence is stamp duty absorption. The foundation not even built at the time of sale. So infact, the first owner made some peanut gains. Probably in need of liquidity?

    SOPHIA RESIDENCE 7 Sophia Road #03-11 1 133 Strata 2,080,000 15639 1453 11-JUL-2011 Condominium Freehold Uncompleted Sub Sale Private 09 22 228192 Central Region Rochor

    SOPHIA RESIDENCE 7 Sophia Road #03-11 1 133 Strata 2,058,320 15476 1438 12-OCT-2009 Condominium Freehold Uncompleted New Sale Private 09 22 228192 Central Region Rochor

  14. #104
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    yah and also commissions if the seller is not an agent himself rite?

    Quote Originally Posted by dtrax
    Stamp duty?

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    that's very nice of Guocoland. looks like they are going to miss the TOP date? no compensation unless miss the legal completion date rite? when is that for sophia residence?


    Quote Originally Posted by dtrax
    Hardly any loss, sophia residence is stamp duty absorption. The foundation not even built at the time of sale. So infact, the first owner made some peanut gains. Probably in need of liquidity?

    SOPHIA RESIDENCE 7 Sophia Road #03-11 1 133 Strata 2,080,000 15639 1453 11-JUL-2011 Condominium Freehold Uncompleted Sub Sale Private 09 22 228192 Central Region Rochor

    SOPHIA RESIDENCE 7 Sophia Road #03-11 1 133 Strata 2,058,320 15476 1438 12-OCT-2009 Condominium Freehold Uncompleted New Sale Private 09 22 228192 Central Region Rochor

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    Quote Originally Posted by bargain hunter
    that's very nice of Guocoland. looks like they are going to miss the TOP date? no compensation unless miss the legal completion date rite? when is that for sophia residence?
    Yah damn slow, need to tear down building, need to dig big hole: http://www.myhome.com.sg/Properties/...sp/status2.asp

    expected top 2013 dec, legal 3yrs later

  17. #107
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    sure can meet legal date lah. likely miss TOP date but no significance.




    Quote Originally Posted by dtrax
    Yah damn slow, need to tear down building, need to dig big hole: http://www.myhome.com.sg/Properties/...sp/status2.asp

    expected top 2013 dec, legal 3yrs later

  18. #108
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    Hey u all still looking for CCR firesale ? STI is so exciting now forget pty lah !
    Last edited by amk; 06-03-12 at 14:43.

  19. #109
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    not so soon lah, but will have from time to time mah.

    sti exciting meh? vol cooling off, selling picking up.

    Quote Originally Posted by amk
    Hey u all still looking for CCR firesale ? STI is so exciting now forget pty lah !

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    How can 25% of purchase price be very little? You should consider capital used and not purchase price since capital used only 20% of purchase price (80% LTV)!
    So 25% profit with respect to purchase price means 25%x5 = 125% profit of capital invested!
    Imagine you invest the same amount of capital in bonds, stocks, FDs, structured deposits, they will give you 125% within 3 years?

    Quote Originally Posted by wind30
    Considering he bought at july 2009, i think is profit of 25 percent is very little, where got nice

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    Quote Originally Posted by blackjack21trader
    exactly ! If I have even $100K loss on my property, I will not let go one. What for ? Just keep long long lor and life continues on mah...unless I kena some holding power problem like last time in 1997 I kena once before hor..have to take a BIG loss.
    There are many reason why someone sells at a lost.

    Death in the family, Divorce or some starnge obscure reason best known to the seller.

    Some maybe even sieze property . What ever it is we will never know unless the seller is on the forum

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    Quote Originally Posted by teddybear
    How can 25% of purchase price be very little? You should consider capital used and not purchase price since capital used only 20% of purchase price (80% LTV)!
    So 25% profit with respect to purchase price means 25%x5 = 125% profit of capital invested!
    Imagine you invest the same amount of capital in bonds, stocks, FDs, structured deposits, they will give you 125% within 3 years?
    I mean if he bought a landed property during July 2009 and sold during Feb 2012, the profit should not be 25%....

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    Quote Originally Posted by teddybear
    How can 25% of purchase price be very little? You should consider capital used and not purchase price since capital used only 20% of purchase price (80% LTV)!
    So 25% profit with respect to purchase price means 25%x5 = 125% profit of capital invested!
    Imagine you invest the same amount of capital in bonds, stocks, FDs, structured deposits, they will give you 125% within 3 years?
    hee hee if u have bought property stocks a little while back u would have make a profit of 40% in 4 weeks and 200% if u hoot warrants. noadays for property to climb even 10% in 2 years is hard:'(

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    Quote Originally Posted by Allthepies
    hee hee if u have bought property stocks a little while back u would have make a profit of 40% in 4 weeks and 200% if u hoot warrants. noadays for property to climb even 10% in 2 years is hard:'(
    yes. if you have done your homework well, I agree that kinda returns is possible.

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    haha all the ifsss, it only I know OCR will continue chiong upwards till 2016 I will hoot as many parc rosewood and RS

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    Quote Originally Posted by wind30
    I mean if he bought a landed property during July 2009 and sold during Feb 2012, the profit should not be 25%....
    Cannot always compare with the top performer. A 100% return over 2+ years for hardly any active monitoring like stocks is very decent returns.

    It makes a person feel happier as well when you are able to be contented with the profit and not constantly crave the highest possible return, otherwise we'll all live very miserably.

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    Quote Originally Posted by dtrax
    haha all the ifsss, it only I know OCR will continue chiong upwards till 2016 I will hoot as many parc rosewood and RS
    if is for the others who never bought property stocks : ) we must be adaptable and follow the wind, property is no longer as lucrative as before. super cheong is no longer possible, any cheong will be countered by more cms. be brave and move on to more exciting play!

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    Unfortunately I am not "stock god", can't get that kind of return!
    But I bought CDL at about $5+ last time and sold at $13+ several months ago, that is a wait about 1.5-2 years for about 145% gain!

    Quote Originally Posted by Allthepies
    hee hee if u have bought property stocks a little while back u would have make a profit of 40% in 4 weeks and 200% if u hoot warrants. noadays for property to climb even 10% in 2 years is hard:'(

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    Yes, we must be adaptive, like shout "CRASH" ah when it is the right time, like now!
    Not sure all those crazy new launch OCR buying at record-breaking $PSF can last how long?

    Quote Originally Posted by Allthepies
    if is for the others who never bought property stocks : ) we must be adaptable and follow the wind, property is no longer as lucrative as before. super cheong is no longer possible, any cheong will be countered by more cms. be brave and move on to more exciting play!

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    Quote Originally Posted by teddybear
    Unfortunately I am not "stock god", can't get that kind of return!
    But I bought CDL at about $5+ last time and sold at $13+ several months ago, that is a wait about 1.5-2 years for about 145% gain!
    Decent returns for being a passive investor.

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