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

  1. #4326


    Quote Originally Posted by teddybear View Post
    Talk too early hah? Wait and people will see the truth........

    People who bought at $1.5M, collect rental $350k in pocket HAPPY HAPPY for a few years, then have to CRY to sell at $1.0M, still lose $150k not including the stamp duty (3%), ABSD (7% or more), mortgage interests and property taxes, maintenance fund, maintenance and repair/service charges required to fix/furnish the property for next tenant etc, easily costs another $350k,
    so total lost $500k in nett total................
    Lesson learnt: Never buy at peak price (just like for OCR prices NOW!)
    Agree, only Time can tell.

  2. #4327


    Quote Originally Posted by bargain hunter View Post
    while #27-02 has been sold at $4.1m. There are still cheaper units available for the same stack. at $3.6m for what looks like #02-02 or #03-02. at $3.918m for #09-02

    for the other block: looks like at least #16-04 for $3.925m
    just an update on St Thomas Suites that #09-02 has been sold for $3.75m.

  3. #4328


    The Marq on Paterson Hill

    Sold 12 APR 2017 8 PATERSON HILL #XX-XX 6,232sq ft 3,498psf
    Bought 9 JUL 2007 4,294psf

    another one where 10 years have flashed past and a gross depreciation of $4.6m+.

  4. #4329


    Any news on the Cube 8 unit?

  5. #4330


    Quote Originally Posted by Khng8 View Post
    Any news on the Cube 8 unit?
    no caveat lodged yet and advert was still there yesterday but removed today. maybe option just exercised today. gotta look out in caveats next week.

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