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

[cartman]

Previous Caveats (example 2013 peak caveats)

thanks wannabe

[cartman]

15% off peak is harder to come by for the 1 bedders that u r targeting.

for bro cartman, 15% of 2013 peak should be easy to find.

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

[bargain hunter]

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

lol, u r buying for own stay. should not let her shake u haha.

[Mikey88]

$3.7million laundry costs. Worth it.

Somemore with Ritz Carlton detergent powder...😁
Confirmed super clean one...

[bargain hunter]

Somemore with Ritz Carlton detergent powder...😁
Confirmed super clean one...

ritz carlton.........

[Mikey88]

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😓?

[bargain hunter]

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).

[ccreporter]

lol, u r buying for own stay. should not let her shake u haha.

Guru, if i buy for Investment. 7% absd. Is it still worthy if i can find units with 15% down from peak?


Thanks bro

[bargain hunter]

Guru, if i buy for Investment. 7% absd. Is it still worthy if i can find units with 15% down from peak?


Thanks bro

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.

[stalingrad]

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.

What is down may not come back up. What is up may not go back down. Good point. You buy Sentosa condos when it is 40% down, you may lose another 20%.

[teddybear]

No more HDB decoupling......
Another nail in the coffin for OCR private properties............
OCR private property prices should be declining slowly till next recession hit, and then gap down again.........
Sayonara OCR (till 2022)........

What is down may not come back up. What is up may not go back down. Good point. You buy Sentosa condos when it is 40% down, you may lose another 20%.

[stalingrad]

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).

Quite true. There were three transactions in March involving our project in OCR. The prices stay in the 1100-1200 psf range, which is double what we paid. Quite stable indeed.

[Sandiwara]

No more HDB decoupling......
Another nail in the coffin for OCR private properties............
OCR private property prices should be declining slowly till next recession hit, and then gap down again.........
Sayonara OCR (till 2022)........

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.

[ccreporter]

No more HDB decoupling......
Another nail in the coffin for OCR private properties............
OCR private property prices should be declining slowly till next recession hit, and then gap down again.........
Sayonara OCR (till 2022)........

Is decoupling really banned? I got friends doinv that

[bargain hunter]

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.

[Kelonguni]

Is decoupling really banned? I got friends doinv that

If banned, do you think will escape Straitstimes?

Only the gullible will really believe such rumors.

[Kelonguni]

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.

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.

[bargain hunter]

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.

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.

[dreamer888]

Thanks bargain hunter bro!

The ad was only out for a week and sold!

for bro dreamer888,

VIVA SUFFOLK WALK Condominium 11 CCR Freehold Resale 1 $2,020,000 - 1,044sq ft Strata 21 to 25 1,935psf Mar-16

Sold 24 MAR 2016 6 SUFFOLK WALK #XX-XX 1,044sq ft 1,935psf
Bought 4 SEP 2009 1,623psf

wasn't a desperate seller, just taking profit.

[bargain hunter]

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

[bargain hunter]

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.

[proud owner]

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.

the project is a low rise condo ...

at most tree top view ... i doubt it can have unblocked view of gdn ...

The French embassy is nearby .... will some of their views ' restricted' ?

[bargain hunter]

Scotts 28

Sold 1 APR 2016 28 SCOTTS ROAD #XX-XX 1,658sq ft 1,888psf
Bought 22 MAY 2007 2,202psf

[bargain hunter]

horizon towers

Sold 1 APR 2016 15 LEONIE HILL ROAD #XX-XX 2,303sq ft 1,085psf
Bought 8 APR 2010 1,216psf

[bargain hunter]

Marina Bay resi

Sold 21 MAR 2016 18 MARINA BOULEVARD #XX-XX 2,368sq ft 2,821psf
Bought 13 DEC 2007 3,080psf

[gentlemanofleisure]

Duo residences asking at 1,700psf? Wasn't it launched at 2,000?

[bargain hunter]

Duo residences asking at 1,700psf? Wasn't it launched at 2,000?

nope. lowest psf was 1513psf for a low floor unit #04-11. around 100 units were sold at <1800psf.

[bargain hunter]

Duo residences asking at 1,700psf? Wasn't it launched at 2,000?

around 150+ more units were sold between 1800 to 2000psf. so total 250+ units sold < 2000psf.

[gentlemanofleisure]

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.

[bargain hunter]

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.

why D11 and not 9 and 10? u feel that it is more affordable there or r there certain attributes?

DUO (D7) is also quite nice.