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

  1. #211
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    Quote Originally Posted by dtrax
    heavy losses:

    CITYVISTA RESIDENCES 21 Peck Hay Road #04-02 1 197 Strata 5,214,000 26467 2459 08-AUG-2007 Condominium Freehold Uncompleted New Sale Private 09 22 228314 Central Region Newton

    CITYVISTA RESIDENCES 21 Peck Hay Road #04-02 1 197 Strata 3,550,000 18020 1674 30-JAN-2012 Condominium Freehold 2010 Resale Private 09 22 228314 Central Region Newto
    I think he refinanced his loan with another bank.... Don't u guys think it's too kua zhang?

  2. #212
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    Quote Originally Posted by teddybear
    I'm not addicted to property but I'm passionate about property!
    If no passion, how to make money from property? I like the way Devil laugh, wakakakka
    its a fine line between being passionate and naive. property investors are always driven by greed, not by passion.

    If you are passionate about property, then you should be building them.

  3. #213
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    as there had been quite a few examples of selling at loss in CCR post the CM5, i think this is real. besides, refinance with another bank, i do not think the caveat will appear like this.

    Quote Originally Posted by toiletsiao
    I think he refinanced his loan with another bank.... Don't u guys think it's too kua zhang?

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    Quote Originally Posted by Jadey
    its a fine line between being passionate and naive. property investors are always driven by greed, not by passion.

    If you are passionate about property, then you should be building them.
    Right on spot. Well done

  5. #215
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    It might be his gift to family members or mistress or something wat...

  6. #216
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    Quote Originally Posted by bargain hunter
    as there had been quite a few examples of selling at loss in CCR post the CM5, i think this is real. besides, refinance with another bank, i do not think the caveat will appear like this.
    Can someone please enlighten me how refinancing bank loan can affect the caveat value?

  7. #217
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    Quote Originally Posted by Jadey
    Can someone please enlighten me how refinancing bank loan can affect the caveat value?
    Yea i'm wondering too. Will refinancing lodge a new caveat? i really doubt so. URA will be full of caveats then.

  8. #218
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    most likely genuine sale

    mabe given up hope after 10% absd

  9. #219
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    Quote Originally Posted by devilplate
    most likely genuine sale

    mabe given up hope after 10% absd
    Maybe trying to minimise ABSD for new buyer so they transact the rest under table

  10. #220
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    many still dreaming of selling for 2500-2800psf....

    but i wud tot 1900-2kpsf mabe possible...dun hf to sell at 16xxpsf?

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    Quote Originally Posted by price
    Maybe trying to minimise ABSD for new buyer so they transact the rest under table

    if so, then the buyer should have done this deal is cash and not allow a caveat to be lodge as it will affect the valuation of the property.

  12. #222
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    Quote Originally Posted by Jadey
    if so, then the buyer should have done this deal is cash and not allow a caveat to be lodge as it will affect the valuation of the property.
    Even if it was done in cash it will still be alerted to URA no?

  13. #223
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    Quote Originally Posted by price
    Even if it was done in cash it will still be alerted to URA no?

    What is a caveat? A caveat is a legal document lodged with the Singapore Land Authority by a purchaser to protect his/her interests after an option to purchase is exercised or a Sales & Purchase Agreement is signed.

    "it is not compulsory to lodge a caveat for all property purchases. Lodging of caveats is usually done voluntarily by purchasers (usually the bank) through their lawyers to protect their interest in the property."

    http://www.ura.gov.sg/realEstateWeb/...isc/PMIFaq.jsp

  14. #224
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    Quote Originally Posted by devilplate
    many still dreaming of selling for 2500-2800psf....

    but i wud tot 1900-2kpsf mabe possible...dun hf to sell at 16xxpsf?
    The fair price is the fund's price:

    #04-01 $1814 $3846000
    #04-03 $1791 $3837000
    #04-04 $1788 $3830000

  15. #225
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    that WAS the fair price when they bought. not any more....

    Quote Originally Posted by amk
    The fair price is the fund's price:

    #04-01 $1814 $3846000
    #04-03 $1791 $3837000
    #04-04 $1788 $3830000

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    Can a caveat be lodged and then removed?

    I noticed one such transaction ...caveat lodged but now removed from URA. What would be the possible reason for this?

  17. #227
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    Quote Originally Posted by gn108
    Can a caveat be lodged and then removed?

    I noticed one such transaction ...caveat lodged but now removed from URA. What would be the possible reason for this?
    Yes I think you can write in the URA to request for removal

  18. #228
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    Quote Originally Posted by bargain hunter
    that WAS the fair price when they bought. not any more....
    speaking of which, what should be the "fair price" for Rivergate now ? your favorite project

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    Townhse sold:

    PATERSON RESIDENCE 77 Paterson Road 1 369 Strata 8,800,000 23848 2216 29-FEB-2012 Condominium Freehold 2008 Resale Private 09 23 238546 Central Region River Valley

    PATERSON RESIDENCE 77 Paterson Road 1 369 Strata 6,500,000 17615 1636 25-FEB-2010 Condominium Freehold 2008 Resale Private 09 23 238546 Central Region River Valley

  20. #230
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    Quote Originally Posted by dtrax
    Townhse sold:

    PATERSON RESIDENCE 77 Paterson Road 1 369 Strata 8,800,000 23848 2216 29-FEB-2012 Condominium Freehold 2008 Resale Private 09 23 238546 Central Region River Valley

    PATERSON RESIDENCE 77 Paterson Road 1 369 Strata 6,500,000 17615 1636 25-FEB-2010 Condominium Freehold 2008 Resale Private 09 23 238546 Central Region River Valley
    nice profit for 2yrs. especially entered in 2010.

    hmmmm is there a volume pick up in CCR ?

  21. #231
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    Elizabeth Tower $4,330,000 3068 sq ft 1411psf Feb-12. weak hands?

    Quote Originally Posted by dtrax
    might be a genuine firesale, assuming he down 30%. At most sell 30% discount no need top up bank loan

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    thought stuck at 2000psf or thereabouts for the longest time?


    Quote Originally Posted by amk
    speaking of which, what should be the "fair price" for Rivergate now ? your favorite project

  23. #233
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    even smaller project like The Horizon:

    $2,710,000 1722sq ft 1573psf Nov-11
    $2,400,000 1722sq ft 1394psf mar-12

    so drastic?

  24. #234
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    How do you know I am not building them? You dog eye see people low?


    Quote Originally Posted by Jadey
    its a fine line between being passionate and naive. property investors are always driven by greed, not by passion.

    If you are passionate about property, then you should be building them.

  25. #235
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    Quote Originally Posted by teddybear
    How do you know I am not building them? You dog eye see people low?

    How would I know you are not blowing a big cow?

  26. #236
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    with ABSD and the costs, still have decent profits.

    This really explains 'investing in good Prime project will still make money!!! '

    Quote Originally Posted by dtrax
    Townhse sold:

    PATERSON RESIDENCE 77 Paterson Road 1 369 Strata 8,800,000 23848 2216 29-FEB-2012 Condominium Freehold 2008 Resale Private 09 23 238546 Central Region River Valley

    PATERSON RESIDENCE 77 Paterson Road 1 369 Strata 6,500,000 17615 1636 25-FEB-2010 Condominium Freehold 2008 Resale Private 09 23 238546 Central Region River Valley

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    Quote Originally Posted by Jadey
    its a fine line between being passionate and naive. property investors are always driven by greed, not by passion.

    If you are passionate about property, then you should be building them.
    I think the line between passionate and naive is rather clear, not fine at all. However, I agree on the greed part

    So people passionate about cars or aircraft shall make them rather than collect them, and people who don't own a automobile or airplane brand/factory are not qualified for being passionate about car/airplane?

  28. #238
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    That is why the term "dog eyes see people low" fit you very well! wa ha ha ha!

    Quote Originally Posted by Jadey
    How would I know you are not blowing a big cow?

  29. #239
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    Quote Originally Posted by teddybear
    That is why the term "dog eyes see people low" fit you very well! wa ha ha ha!

    you are right, I do think very lowly of you. Mr. CCR.

  30. #240
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    You think lowly of Mr CCR?
    Hi CCR, you sleeping is it? Somebody said he/she think very lowly of you!
    Think you should give him 2 slaps to wake up!!

    Quote Originally Posted by Jadey
    you are right, I do think very lowly of you. Mr. CCR.

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