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

  1. #4336

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    Paterson Suites

    Sold 19 APR 2017 57 PATERSON ROAD #XX-XX 1,679sq ft 2,233psf
    Bought 24 JAN 2013 2,769psf

    Mortgagee sale asked for $3.8m, Auction counter offer at $3.6m. Property withdrawn. Sold by private treaty at $3.75m. Highest psf achieved for a unit of similar size in 2007 was $3,850psf.

    Warning: This post could spark a Teddy rant on CCR properties having crashed and OCR has not.

  2. #4337

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    Quote Originally Posted by bargain hunter View Post
    Paterson Suites

    Sold 19 APR 2017 57 PATERSON ROAD #XX-XX 1,679sq ft 2,233psf
    Bought 24 JAN 2013 2,769psf

    Mortgagee sale asked for $3.8m, Auction counter offer at $3.6m. Property withdrawn. Sold by private treaty at $3.75m. Highest psf achieved for a unit of similar size in 2007 was $3,850psf.

    Warning: This post could spark a Teddy rant on CCR properties having crashed and OCR has not.
    Can't blame him. He has suffered enough. The biggest setback is in his prestige. I argued back in 2007 that CCR was on the way to oblivion as Singapore was becoming homogeneous. He together with his buddy HP65 called me all kinds of names. I was right and he was wrong.

  3. #4338
    Join Date
    May 2012
    Posts
    3,225

    Default

    Hehe, it sparked a Stalingrad first...

    Quote Originally Posted by bargain hunter View Post
    Paterson Suites

    Sold 19 APR 2017 57 PATERSON ROAD #XX-XX 1,679sq ft 2,233psf
    Bought 24 JAN 2013 2,769psf

    Mortgagee sale asked for $3.8m, Auction counter offer at $3.6m. Property withdrawn. Sold by private treaty at $3.75m. Highest psf achieved for a unit of similar size in 2007 was $3,850psf.

    Warning: This post could spark a Teddy rant on CCR properties having crashed and OCR has not.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  4. #4339

    Default

    Quote Originally Posted by Kelonguni View Post
    Hehe, it sparked a Stalingrad first...
    Back in 2007-2012, such a post as I penned would have provoked a riot and a veritable deluge of indignant replies from Teddy and his buddies full of vitriol and verbal abuse. Now, it is as if I had been talking to a wall. The thread is as quiet as a summer day in the Rockies. Time has changed, and people have lost interest in properties. It is actually a good time to buy as the market has hit bottom.

  5. #4340
    Join Date
    May 2012
    Posts
    3,225

    Default

    What/where are you looking to buy now? I need to build up more ammunition as just bought not long ago.


    Quote Originally Posted by stalingrad View Post
    Back in 2007-2012, such a post as I penned would have provoked a riot and a veritable deluge of indignant replies from Teddy and his buddies full of vitriol and verbal abuse. Now, it is as if I had been talking to a wall. The thread is as quiet as a summer day in the Rockies. Time has changed, and people have lost interest in properties. It is actually a good time to buy as the market has hit bottom.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

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