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

  1. #3901
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    knight frank auction on 18th may

    Mortgagee sales
    Trilight #18-04 1,087 sq ft 2 bedder. Bought for 1.933m (1743psf) on 19/02/2010. listed at 2.3m?!
    what kind of lousy mortgagee sale is this.
    http://www.propertyguru.com.sg/listi...-sale-trilight

    Turquoise #03-07 2,088 sq ft 3 bedder. Bought for $5,457,000 (2613psf) on 29/10/2007

  2. #3902
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    Quote Originally Posted by bargain hunter View Post
    are there any completed projects there which can allow them to do so?
    according to agents, there is supposed to be one which is going to TOP early 2017.
    As of how creative the schemes are, i dont have the full details yet. Might be something similar to OUE Twin Peaks. But since it hasn't TOP yet, i dont know what other tricks they have under their sleeves.
    The most successful investors are defined by their actions in a bear market, not a bull market.

  3. #3903
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    Quote Originally Posted by bargain hunter View Post
    the only one that's by a listed developer seems to be the bukit sembawang one at the junction of river valley road and st thomas walk? still far from completion it seems. can do creative scheme also? haha

    lloyd sixtyfive is unlisted developer so QC does not apply?
    Yes. It's called llyord 65.
    Upon hearing the psf, i didnt bother to listen to the schemes anymore. LOL
    The most successful investors are defined by their actions in a bear market, not a bull market.

  4. #3904
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    Quote Originally Posted by bargain hunter View Post
    knight frank auction on 18th may

    Mortgagee sales
    Trilight #18-04 1,087 sq ft 2 bedder. Bought for 1.933m (1743psf) on 19/02/2010. listed at 2.3m?!
    what kind of lousy mortgagee sale is this.
    http://www.propertyguru.com.sg/listi...-sale-trilight

    Turquoise #03-07 2,088 sq ft 3 bedder. Bought for $5,457,000 (2613psf) on 29/10/2007
    Lolx...i went to 1 mortgage sale in D15 , and the asking price was a new record for the development.
    Really a big joke.
    We need Janet's help to bring the prices down...Hopefully next month she will finally give some help to the buyers.
    The most successful investors are defined by their actions in a bear market, not a bull market.

  5. #3905
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    Anyone knows what happened to ivy lee properties at kiliney road?

  6. #3906
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    Quote Originally Posted by Werther View Post
    Anyone knows what happened to ivy lee properties at kiliney road?

    are you referring to Devonshire 8 ?


    not sure if it has TOP...

    but shes being sued ... apparently borrowed money to develop this project ... and unable to pay interest etc ... apparently ...still unsold ...

    tucked away in a triangular plot ... next to petrol station ... whats going thru her head ?

    as a star agent ... wonder why she decided to become developer hahah

    anyway she married some Managing director ... maybe got backing ... but still kana sue ..

  7. #3907
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    Ya, maybe is greed. I heard she could have been walked away with profit from sale of the land but decided to turn developer. But timing also la. Some made it tho. Hope she is ok.

  8. #3908
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    Quote Originally Posted by wannabe View Post
    Yes. It's called llyord 65.
    Upon hearing the psf, i didnt bother to listen to the schemes anymore. LOL
    Anyway here's the deal

    Live and enjoy the opulent lifestyle Lloyd 65 has to offer before u decide on your purchase. Minimum commitment fee of only 12.5% of the purchase price. No ABSD or management fees until u decide to purchase. Rare freehold site in the pulsating heart of orchid road with convenient excess to mrt malls 24 hrs supermarket and dinning options. Registration of interest is now open.
    The most successful investors are defined by their actions in a bear market, not a bull market.

  9. #3909
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    Where is Orchid road? The nearest I can find is in Philipines.

    Quote Originally Posted by wannabe View Post
    Anyway here's the deal

    Live and enjoy the opulent lifestyle Lloyd 65 has to offer before u decide on your purchase. Minimum commitment fee of only 12.5% of the purchase price. No ABSD or management fees until u decide to purchase. Rare freehold site in the pulsating heart of orchid road with convenient excess to mrt malls 24 hrs supermarket and dinning options. Registration of interest is now open.
    The three laws of Kelonguni:

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

  10. #3910
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    Quote Originally Posted by Kelonguni View Post
    Where is Orchid road? The nearest I can find is in Philipines.
    Not sure.
    You can ask him.
    http://www.propertyguru.com.sg/listi...loyd-sixtyfive
    The most successful investors are defined by their actions in a bear market, not a bull market.

  11. #3911
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    http://www.propertyguru.com.sg/listi...-devonshire-12

    devonshire 12 not by ivy lee? last 5 developer units for sale. hey, 1 bedder fits bro wannabe's criteria? lol. super duper boutique development though.

  12. #3912
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    Quote Originally Posted by wannabe View Post
    Anyway here's the deal

    Live and enjoy the opulent lifestyle Lloyd 65 has to offer before u decide on your purchase. Minimum commitment fee of only 12.5% of the purchase price. No ABSD or management fees until u decide to purchase. Rare freehold site in the pulsating heart of orchid road with convenient excess to mrt malls 24 hrs supermarket and dinning options. Registration of interest is now open.
    until decide to purchase..........got time limit?

  13. #3913
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    Quote Originally Posted by bargain hunter View Post
    http://www.propertyguru.com.sg/listi...-devonshire-12

    devonshire 12 not by ivy lee? last 5 developer units for sale. hey, 1 bedder fits bro wannabe's criteria? lol. super duper boutique development though.
    Devonshire 12 is odd shape.
    $1000psf can consider.
    Lolz
    The most successful investors are defined by their actions in a bear market, not a bull market.

  14. #3914
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    Quote Originally Posted by bargain hunter View Post
    until decide to purchase..........got time limit?
    dunno leh... didnt probe further...cos at $2600psf, rob a bank better
    The most successful investors are defined by their actions in a bear market, not a bull market.

  15. #3915
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    Quote Originally Posted by wannabe View Post
    dunno leh... didnt probe further...cos at $2600psf, rob a bank better
    anyway just saw this.

    More developers are set to take reference from this. TG Development, the developer of Lloyd SixtyFive, is introducing an "experimental purchaser scheme" under which the buyer pays 12.5 per cent of the purchase price for an option that will let him occupy the unit without paying maintenance fees and property tax for a few years. This will hopefully let him defer the purchase until such time as the Additional Buyer's Stamp Duty is lifted or reduced.

    http://www.straitstimes.com/business...m-the-doldrums

    posted by reporter2

    dont know how many years "a few" is referring to
    The most successful investors are defined by their actions in a bear market, not a bull market.

  16. #3916
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    Quote Originally Posted by wannabe View Post
    Devonshire 12 is odd shape.
    $1000psf can consider.
    Lolz
    1k psf. You rob the developer?
    The three laws of Kelonguni:

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

  17. #3917
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    Quote Originally Posted by Kelonguni View Post
    1k psf. You rob the developer?
    lol...if i can i would.
    The most successful investors are defined by their actions in a bear market, not a bull market.

  18. #3918
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    Quote Originally Posted by wannabe View Post
    anyway just saw this.

    More developers are set to take reference from this. TG Development, the developer of Lloyd SixtyFive, is introducing an "experimental purchaser scheme" under which the buyer pays 12.5 per cent of the purchase price for an option that will let him occupy the unit without paying maintenance fees and property tax for a few years. This will hopefully let him defer the purchase until such time as the Additional Buyer's Stamp Duty is lifted or reduced.

    http://www.straitstimes.com/business...m-the-doldrums

    posted by reporter2

    dont know how many years "a few" is referring to
    eh, if 10 years i don't mind "experimenting" leh. if market crashes treat it as 1.25% p.a. in rental?

  19. #3919
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    Quote Originally Posted by bargain hunter View Post
    eh, if 10 years i don't mind "experimenting" leh. if market crashes treat it as 1.25% p.a. in rental?
    My guess is 2-3 years perhaps.
    The most successful investors are defined by their actions in a bear market, not a bull market.

  20. #3920
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    Rivergate

    Sold 29 APR 2016 93 ROBERTSON QUAY #XX-XX 1,841sq ft 1,874psf
    Bought 7 NOV 2012 1,994psf

  21. #3921
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    Quote Originally Posted by bargain hunter View Post
    Rivergate

    Sold 29 APR 2016 93 ROBERTSON QUAY #XX-XX 1,841sq ft 1,874psf
    Bought 7 NOV 2012 1,994psf
    We have lost Watergate too? Things are getting serious.

  22. #3922
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    Quote Originally Posted by stalingrad View Post
    We have lost Watergate too? Things are getting serious.

    you mean Rivergate ?

  23. #3923
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    Quote Originally Posted by stalingrad View Post
    We have lost Watergate too? Things are getting serious.
    small loss for a unit which is currently flipped to its 5th owner.

  24. #3924
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    Nassim Park Resi

    Bought and Sold at about the same time with different outcomes:

    Sold 5 MAY 2016 15 NASSIM ROAD #XX-XX 3,175sq ft 3,685psf
    Bought 5 APR 2011 3,433psf Gross profit $800,000

    Sold 10 MAY 2016 15 NASSIM ROAD #XX-XX 3,175sq ft 3,527psf
    Bought 11 OCT 2011 3,900psf Gross loss $-1,182,500

  25. #3925
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    Tanglin Resi

    Sold 3 MAY 2016 23 ST. MARTIN'S DRIVE #XX-XX 1,755sq ft 1,938psf
    Bought 3 JUL 2008 2,052psf

  26. #3926
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    Waterfall Gardens

    Sold 29 APR 2016 10 FARRER ROAD #XX-XX 2,196sq ft 1,457psf
    Bought 24 SEP 2010 1,567psf

  27. #3927
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    Spottiswoode Resi

    Sold 6 MAY 2016 48 SPOTTISWOODE PARK ROAD #XX-XX 1,410sq ft 1,747psf
    Bought 13 JAN 2011 1,771psf

  28. #3928
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    Quote Originally Posted by bargain hunter View Post
    Spottiswoode Resi

    Sold 6 MAY 2016 48 SPOTTISWOODE PARK ROAD #XX-XX 1,410sq ft 1,747psf
    Bought 13 JAN 2011 1,771psf


    Thanks Bro Bargain for the update. It seems sale price still continuing to march down.

    Rental also coming down. My tenant asks for 30% discount.... i so sianz

  29. #3929
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    Quote Originally Posted by Werther View Post
    Thanks Bro Bargain for the update. It seems sale price still continuing to march down.

    Rental also coming down. My tenant asks for 30% discount.... i so sianz
    Lol at least he/she still wants to rent....
    The most successful investors are defined by their actions in a bear market, not a bull market.

  30. #3930
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    Quote Originally Posted by wannabe View Post
    Lol at least he/she still wants to rent....
    Actually can easily negotiate one... Especially if they like you and you have been providing good service.

    They also scared to get scary landlords.
    The three laws of Kelonguni:

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

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