haha bargain hunter...you are right but is 15% below peak a good gauge of a good buy?
meeting with a bank rm soon as she says she wants to share her knowledge about property investing and now may not be a good time to buy...hope she does not try to convince me to invest in other bank products instead lol
BH,
Any comments in those old FH Big Condo like Serenity Park , Bullion Park , Seletaris n etc?
The prices for these units seems stable all these while or am I missing something😓?
other than CCR which has had investor inflow and outflow/speculation/investment/TDSR etc etc effects, freeholds in OCR have been rather stable.
the big and old condos were bought years ago. there had been little speculative activity. many r mostly paid up ie lower balance ltv (hence fewer mortgagee sales).
me not guru lah. your question is kind of ambiguous though. it varies from project to project. by investment do u mean for rental? de-rated areas like sentosa, already > 15% off the peak, is it a good buy? i m not sure. i m not sure if 30% is enough. buy already may be very hard to get rental.
we should not evaluate projects based on how many % off the peak. its the same as stock market, if everyone who buys at 15% off the peak can make money, everyone is multi-millionaire liao.
its just a reference. main thing is it must be easy to rent out.
There is such thing as moving target. The rule of the game will not always the same. So No one will ever know how the OCR, RCR and CCR movement in the future. If there is such person with crystal ball The person will become millionaire. One example is if the there is OCR condo with MRT is down stare the condo, Then psychologically the orchard road is down stare the condo.
i think the most vulnerable projects to further downside are the 99 year ocr projects which were bought at the peak from 2011 to 2013 + the shoeboxes (even if FH). the values of FH and 999 OCR will be better protected vs these new projects sold at record prices. the other category would be those projects which developers bid at record prices in 2012 and 2013. if they sold the initial units expensive, they could be cutting prices to move the rest if sales have been slow.
Bro bargain hunter views are indeed very insightful.
Largely differs from project to project. I am most interested at the King of OCR JG and will examine its situation first as a gauge of movements.
But again I do feel that this sector will continue to be resilient based on the growing base of qualifiers.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
just like twin peaks. even if delayed payment scheme, if the project sells, there will be A LOT of 1 bedders competing for tenants from the same project. as luxurious as it may be with the fully furnished, i am not too sure if this is the kind of 1 bedders that will attract tenants. tenants may need the mrt and great world city to be nearer rather than just a super view of orchard. at the moment, there is no competition yet and already the fully furnished asking rents is only 3.8k.
http://www.propertyguru.com.sg/listi...per-at-ardmore
JUNIPER AT ARDMORE ARDMORE PARK Apartment 10 CCR Freehold Resale 1 $7,280,000 - 3,520sq ft Strata 06 to 10 2,068psf Mar-16
ask 8m sold 7.28m
CLUNY PARK RESIDENCE CLUNY PARK ROAD Condominium 10 CCR Freehold New Sale 1 $1,900,000 - 753sq ft Strata 01 to 05 2,522psf Mar-16
tuan sing held a starbuy unit sale specially readers of the edge and it was reportedly sold within hours. i guess this is the unit. not very starbuy to me but bro amk is the botanic gardens specialist. perhaps the unit has an unblocked view of botanic gardens.
Scotts 28
Sold 1 APR 2016 28 SCOTTS ROAD #XX-XX 1,658sq ft 1,888psf
Bought 22 MAY 2007 2,202psf
horizon towers
Sold 1 APR 2016 15 LEONIE HILL ROAD #XX-XX 2,303sq ft 1,085psf
Bought 8 APR 2010 1,216psf
Marina Bay resi
Sold 21 MAR 2016 18 MARINA BOULEVARD #XX-XX 2,368sq ft 2,821psf
Bought 13 DEC 2007 3,080psf
Duo residences asking at 1,700psf? Wasn't it launched at 2,000?
Thanx. I'm looking for a unit near Amber/Meyer or D11.
If anyone has good bargain, do msg me.
Happy to buy a round of drinks. Ha.