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

[teddybear]

1 thing I know for sure, when OCR is almost same price as CCR, it means OCR is BUBBLEing or CCR is seriously under-valued!

You never know. 10-15% below is probably the real market price for CCR.

[relax88]

what the quantum for a 3 bedder in CCR vs OCR, and you get the answer.

CCR 3 bedder, can easily buy 2 units of OCR, 3 bedder

50% down payment plus 7% additional tax just for a CCR unit, is out of reach for average joe

[amk]

Wow, is this 1700 sq ft... I think is decoupling cos one of my friend also did the same, get the lowest valuer to quote very low to save on stamp duty.

maybe... this is just 1y ago, choose what you want to believe

TANGLIN PARK RIDLEY PARK Condominium 10 CCR Freehold 1 3,533,800 1,765 Strata 06 to 10 2,002 May-12

[bargain hunter]

the 3.5m one is just one floor below on the same stack.

even i, a skeptic is inclined to believe this tanglin park transaction is de-coupling.

but i can't agree for many of the other units which were bought in 2007 or thereabouts and sold now. those are units with some serious losses.

maybe... this is just 1y ago, choose what you want to believe

TANGLIN PARK RIDLEY PARK Condominium 10 CCR Freehold 1 3,533,800 1,765 Strata 06 to 10 2,002 May-12

[bargain hunter]

Ardmore II 2024 sq ft

#27-04
Bought 13 Jul 2010 2792psf
Sold 5 Nov 2013 2841psf

#23-04
Bought 24 Jul 2007 2916psf
Sold 10 Oct 2013 2950psf

couldn't cover stamp duty

[CCR]

1 thing I know for sure, when OCR is almost same price as CCR, it means OCR is BUBBLEing or CCR is seriously under-valued!

Bro do you think duo is a good Buy?

[bargain hunter]

difference between buy high and buy low:

#04-26 1873 sq ft

Bought 30 May 2007 2189psf
Sold 15 Nov 2013 1548psf

last year.....

#06-26 1873 sq ft

Bought 10 Mar 2006 1251psf
Sold 29 Nov 2012 1738psf

[bargain hunter]

Visioncrest

#09-14 915 sq ft

Bought 27 Jul 2007 1914psf
Sold 15 Nov 2013 1921psf

could not cover stamp duty

[bargain hunter]

Estilo

#01-12 657 sq ft

Bought 11 Sep 2007 1451psf
Sold 8 Nov 2013 1489psf

could not cover stamp duty

[Ringo33]

1 thing I know for sure, when OCR is almost same price as CCR, it means OCR is BUBBLEing or CCR is seriously under-valued!

dont compare MM OCR new launch psf price to CCR old and large apartment.
Its meaningless because we know its a quantum play in today's market.

And within CCR itself, new launch price of LH MM units area already much higher than FH older and larger units. So is there no bubble within CCR?

[bargain hunter]

Oceanfront

#02-13 2982 sq ft

Bought 28 Apr 2008 2415psf
Sold 26 Nov 2013 1895psf

[bargain hunter]

Reflections

Villa 2 bedder #05-18 1076 sq ft

Bought 8 Oct 2007 1777psf
Sold 28 Nov 2013 1579psf

$1.7m sold to hdb upgrader.

[DC33_2008]

Should be cash rich hdb dwellers.

Reflections

Villa 2 bedder #05-18 1076 sq ft

Bought 8 Oct 2007 1777psf
Sold 28 Nov 2013 1579psf

$1.7m sold to hdb upgrader.

[stalingrad]

Oceanfront

#02-13 2982 sq ft

Bought 28 Apr 2008 2415psf
Sold 26 Nov 2013 1895psf

Ouch!!!!

[proud owner]

Oceanfront

#02-13 2982 sq ft

Bought 28 Apr 2008 2415psf
Sold 26 Nov 2013 1895psf

welcome home

[bargain hunter]

was contemplating another short break next week haha.

welcome home

[bargain hunter]

The Grange 1,744 sq ft

Bought 12 Oct 2007 2400psf
Sold 26 Nov 2013 2122psf

[teddybear]

Smart and shrewd HDB upgrader?

Should be cash rich hdb dwellers.

Originally Posted by bargain hunter View Post
Reflections

Villa 2 bedder #05-18 1076 sq ft

Bought 8 Oct 2007 1777psf
Sold 28 Nov 2013 1579psf

$1.7m sold to hdb upgrader.

[bargain hunter]

this project is orchard scotts, thanks coburn for pointing out that i left out the project's name.

difference between buy high and buy low:

#04-26 1873 sq ft

Bought 30 May 2007 2189psf
Sold 15 Nov 2013 1548psf

last year.....

#06-26 1873 sq ft

Bought 10 Mar 2006 1251psf
Sold 29 Nov 2012 1738psf

[starrynight]

Looks like a pretty good price!

It's in Blk H, golf course + main road view. Blk H is so-so...

Reflections

Villa 2 bedder #05-18 1076 sq ft

Bought 8 Oct 2007 1777psf
Sold 28 Nov 2013 1579psf

$1.7m sold to hdb upgrader.

[ironmanpower]

preparing bullets for CCR. I kind of like Balmoral Road.

What's the price for Belmond Green? Has it gone underwater?

[newbie11]

Looks like a pretty good price!

It's in Blk H, golf course + main road view. Blk H is so-so...

So so for 15xx psf. Think it's gd.

[bargain hunter]

One Shenton 1593 sq ft #28-02

Bought 6 Jan 2007 2364psf
Sold 3 Dec 2013 1900psf

Gross Loss -19.6%

[newbie11]

One Shenton 1593 sq ft #28-02

Bought 6 Jan 2007 2364psf
Sold 3 Dec 2013 1900psf

Gross Loss -19.6%

500k loss!

[proud owner]

500k loss!

the address #28-02 should be good leh .....


how come still lose $500k ...?





Property Hunter bro ... can help check hows the performance of the same condo ... but unit #14-04 ?

[bargain hunter]

14-04? only 1 caveat

bought 2011-04-08 549 sq ft 2030psf $1,114,470

the address #28-02 should be good leh .....


how come still lose $500k ...?





Property Hunter bro ... can help check hows the performance of the same condo ... but unit #14-04 ?

[stalingrad]

500k loss!

more like 800k. Singaporeans have poor math skills

[Cupcakes]

more like 800k. Singaporeans have poor math skills

LOL. that's why we need ppl like u

[bargain hunter]

The Coast #03-25 2820 sq ft

Bought 6 Jan 2011 2128psf
Sold 6 Dec 2013 1702psf

gross loss including 3% stamp duty is already almost 1.4m before comissions. but just got to be thankful that bought date is before 13 jan 2011, so no SSD.

[minority]

all these are big units. which cannot move after the TDSR kicks in and rental slowing.

Hows the performance of MM any lost in these areas?