Urban Suites #11-09 2045 sq ft
Bought 28 Jan 2010 2689psf
Sold 25 Nov 2013 2600psf
lost 89psf only = $182k! + stamp duty = 160k + unknown comissions and holding it for almost 4 years construction period collecting no rental.
2 bedders? I remember smallest in sentosa is 2 bedder. but sentosa is small units dont do well. One shenton area any MM transacted at a lost? Coz I think small units still ok. Those large units are the 1 that taking the hit on transaction coz rental is hard to move large unit. and selling now also hard to move large unit due to TDSR and ABSD.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
Any chances that people who sold such big units at big loss are "washing" money? Black become white...
Last edited by leesg123; 20-12-13 at 23:02.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
The Berth 1668 sq ft
Bought 28 Sep 2007 1780psf
Sold 13 Dec 2013 1630psf
Visioncrest 753 sq ft
Bought 1 Aug 2008 2123psf
Sold 10 Dec 2013 1964psf
This one hah, internal lawsuit between residential and commercial owners! Lawyers earn money, "VisionCrest" the estate as a whole, likely go down the slippery drain, estate maintenance will have problem due to disagreement and estate may be left to rot?..............................
Paterson Suites #12-01 1679 sq ft
Bought 27 Jun 2007 2680psf
Sold 26 Nov 2013 2150psf
new historical low for the project.
didn't expect any from D11 but here's one:
first loss for Trilight
#28-08 2336 sq ft
Bought 5 Nov 2009 1737psf
Sold 13 Dec 2013 1712psf
personally, i feel its not. a lot of the seemingly large area as discussed in the trilight thread before, is not useable or "real" space. given the quantum game and a decreasing number of buyers who are willing to pay 4m, i think its possibly a real transaction.
in D9, 10, 11 and of course 1 and 4, we can find these so-called "larger" 4 bedders of say 17xx to 23xx sq ft which have different configurations but quite similar useful areas/serving the same purpose. the asking prices probably range from 3.8x to 4.3xm but not many transactions.
maybe 4m really is the market price of the premium unit. others may need to transact at under 4m to sell.
For trilight, its the balcony that is the issue, the actual unit layout is alright. But for this size, it is usually for own stay. Western tenants generally like balconies.
If one compares 2000sqfeet size in the area, Viva low floors are going for 2000pfs, PI 4 roomers are all in premium block should be around the pfs.
So this 28 floor unit at 1700pfs looks below market rate. When Trilight was nearing TOP, their 4 roomers at the lowest floors were asking around 1750pfs.
You may also be right that one should not just look at pfs, quantum is impt.
Maybe for big unit 4m is the bar. On the opp scale, for MM in CCR, quantum may also be a more impt factor than pfs.