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

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

    Ardmore Park 27th level:

    Early 2010: 10.64m (3688psf) all time high
    Feb 2012: 10.5m (3640psf)

    St. Regis Residences 20th level:

    2006: $15.4m (2781psf)
    Feb 2012: $11.7m (2111psf)

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    the st regis resale buyer looks like he got a pretty decent deal.

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    Quote Originally Posted by bargain hunter
    Ardmore Park 27th level:

    Early 2010: 10.64m (3688psf) all time high
    Feb 2012: 10.5m (3640psf)

    St. Regis Residences 20th level:

    2006: $15.4m (2781psf)
    Feb 2012: $11.7m (2111psf)
    Do you have a link to the report?
    These look like big ticket items/
    Would be interesting to know if the smaller ones, like MM drop at St Regis.

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    Quote Originally Posted by bargain hunter
    Ardmore Park 27th level:

    Early 2010: 10.64m (3688psf) all time high
    Feb 2012: 10.5m (3640psf)

    St. Regis Residences 20th level:

    2006: $15.4m (2781psf)
    Feb 2012: $11.7m (2111psf)
    5m loss!

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    Quote Originally Posted by blackjack21trader
    5m loss!
    maybe not same unit? e person who sold lower might have bought at all time low?

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    ST REGIS RESIDENCES SINGAPORE 33 Tanglin Road #20-09 1 515 Strata 15,418,520 29939 2781 09-OCT-2006 Apartment 999 Yrs From 24/11/1995 Uncompleted New Sale Private 10 24 247913 Central Region Orchard

    ST REGIS RESIDENCES SINGAPORE 33 Tanglin Road #20-09 1 515 Strata 11,700,000 22718 2111 10-FEB-2012 Apartment 999 Yrs From 24/11/1995 2008 Resale Private 10 24 247913 Central Region Orchard

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    Your calculation got problem! 4M loss lah..
    Quote Originally Posted by blackjack21trader
    5m loss!

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    4 or 5m probably small change for buyer/seller...probably indon/rich CINa...

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    Quote Originally Posted by bargain hunter
    Ardmore Park 27th level:

    Early 2010: 10.64m (3688psf) all time high
    Feb 2012: 10.5m (3640psf)

    St. Regis Residences 20th level:

    2006: $15.4m (2781psf)
    Feb 2012: $11.7m (2111psf)
    Is it at a loss or lower profit margin?

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    Are these same or different units?

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    Wah lao! These people always got good deal even now! How I hope I was the buyer, like the Ardmore II bought at <$2000 psf! I offered $1900 psf got rejected! I offered $2000 psf for St Regis low floor also got rejected (Ops, forgot to say that was in early 2009)


    Quote Originally Posted by dtrax
    ST REGIS RESIDENCES SINGAPORE 33 Tanglin Road #20-09 1 515 Strata 15,418,520 29939 2781 09-OCT-2006 Apartment 999 Yrs From 24/11/1995 Uncompleted New Sale Private 10 24 247913 Central Region Orchard

    ST REGIS RESIDENCES SINGAPORE 33 Tanglin Road #20-09 1 515 Strata 11,700,000 22718 2111 10-FEB-2012 Apartment 999 Yrs From 24/11/1995 2008 Resale Private 10 24 247913 Central Region Orchard

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    Quote Originally Posted by teddybear
    Wah lao! These people always got good deal even now! How I hope I was the buyer, like the Ardmore II bought at <$2000 psf! I offered $1900 psf got rejected! I offered $2000 psf for St Regis low floor also got rejected (Ops, forgot to say that was in early 2009)
    looks like you can have a second chance coming up to offer

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    Yah, as usual, market rate less 10% see whether anybody want to sell or not......

    Quote Originally Posted by wind30
    looks like you can have a second chance coming up to offer

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    unfortunately i only have the hard copy. there are no MMs at St Regis, if i didn't remember wrongly, the smallest unit is a 3 bedder and its not small.

    Quote Originally Posted by ekl2ekl2
    Do you have a link to the report?
    These look like big ticket items/
    Would be interesting to know if the smaller ones, like MM drop at St Regis.

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    extremme, irisng, kane, refer to dtrax's post, its the same unit.

    http://forums.condosingapore.com/sho...29&postcount=6

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    what is surprising is buy in 2006 before mad run in 2007 also lost money.

    Quote Originally Posted by teddybear
    Yah, as usual, market rate less 10% see whether anybody want to sell or not......

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    Such a "bad" location: facing main road, less vivid side of Orchard Road.
    With 10M+, should get Sentosa.

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    as ur nick suggests, FH&999 vs 99 at sentosa.

    Quote Originally Posted by FH99
    Such a "bad" location: facing main road, less vivid side of Orchard Road.
    With 10M+, should get Sentosa.

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    Why Sentosa of all places? You don't know Sentosa got bad karma since it is the Island of death, previously known as Paula Mati?

    Quote Originally Posted by FH99
    Such a "bad" location: facing main road, less vivid side of Orchard Road.
    With 10M+, should get Sentosa.

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    Quote Originally Posted by bargain hunter
    extremme, irisng, kane, refer to dtrax's post, its the same unit.

    http://forums.condosingapore.com/sho...29&postcount=6
    That's a really big unit. But yeah, the 15m buyer don't even know what hit him. Buy $15m for that particular unit... Now suffer a 4m loss.

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    Quote Originally Posted by dtrax
    ST REGIS RESIDENCES SINGAPORE 33 Tanglin Road #20-09 1 515 Strata 15,418,520 29939 2781 09-OCT-2006 Apartment 999 Yrs From 24/11/1995 Uncompleted New Sale Private 10 24 247913 Central Region Orchard

    ST REGIS RESIDENCES SINGAPORE 33 Tanglin Road #20-09 1 515 Strata 11,700,000 22718 2111 10-FEB-2012 Apartment 999 Yrs From 24/11/1995 2008 Resale Private 10 24 247913 Central Region Orchard
    faint!! same unit n 4m loss!!

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    Due to the improvement in connectivity and availability of services at RCR and OCR, the premium of CCR over the town centers/MRT of RCR and OCR should shrink.

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    CCR and OCR seems to be going in opposite directions. What gives? OCR new launches like going from strength to strength. Keep on setting new records of high PSF and all the new launches so popular. In the meanwhile, CCR actually seems to be going down???

    How come the world we are in is so crazy now ah?

    Then how, one of the posters mentioned very interesting point. He said the MRTs were draining the wealth out of CCR. Hmmm, it is true that OCR has now become a lot more well connected through MRT's extended network.

    A case of wealth leveling out?

    Or is it a case of just people not wanting to miss out on the property market? Herd mentality you know, where they see others make tons of money within a few years, and they all want to get in on the game too. And since OCR (even now) are still cheaper and more affordable, and that's where the price appreciation has been the most, so the demand all choing there.

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    If u take a walk at Orchard Boulevard, with the recent high raise projects, don't u feel a little bit depressed?
    I just hope those funny huge balconies on the 20th floor are not designed for people to jump.
    Wealth simply flows with the least resistance, and keep rotating.

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    Contrary to what it may look, CCR and OCR are not going opposite directions.
    If you look at the quantum , the price gap of OCR and CCR never really narrowed.
    The perceived psf "narrowing" is just a result of developer squeezing OCR unit sizes. No the wealth is not "draining" from CCR to OCR. The wealth, the top 20% , remain in CCR, just as in the past. What changes is there is another 10% of households suddenly find themselves able to afford a condo now, and these are your OCR new launch buyers. These are mostly < 1.5m in quantum, and remain firmly in OCR level. Average singaporeans did not get richer. The rich singaporeans get richer. But now even average singaporeans with income < 10k are pondering "pty investment". This is what gives the OCR boom.

    FH99, with an orchard boulevard address a nice LH condo can be had for <1400psf. And yet most OCR buyers cannot afford this, and yet they will buy OCR 1500psf

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    There may be some style compared to HDB but definitely no life for a family of 3 or more staying in small pigeon hole. Look at Singapore in the next 10-year masterplan. Do you see the growth area in the CCR or OCR?
    Quote Originally Posted by amk
    Contrary to what it may look, CCR and OCR are not going opposite directions.
    If you look at the quantum , the price gap of OCR and CCR never really narrowed.
    The perceived psf "narrowing" is just a result of developer squeezing OCR unit sizes. No the wealth is not "draining" from CCR to OCR. The wealth, the top 20% , remain in CCR, just as in the past. What changes is there is another 10% of households suddenly find themselves able to afford a condo now, and these are your OCR new launch buyers. These are mostly < 1.5m in quantum, and remain firmly in OCR level. Average singaporeans did not get richer. The rich singaporeans get richer. But now even average singaporeans with income < 10k are pondering "pty investment". This is what gives the OCR boom.

    FH99, with an orchard boulevard address a nice LH condo can be had for <1400psf. And yet most OCR buyers cannot afford this, and yet they will buy OCR 1500psf

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    Quote Originally Posted by DC33_2008
    There may be some style compared to HDB but definitely no life for a family of 3 or more staying in small pigeon hole. Look at Singapore in the next 10-year masterplan. Do you see the growth area in the CCR or OCR?
    One thing is for sure, 40% of households will be in condos, a jump of 20%.
    This additional 20% will be in OCR. Within OCR there should emerge the "prime" of OCRs. As an investor one hopefully can identify which one is the prime and profit from it. In 1996, ppl identified it wrongly with hillview, and really suffered for 15 yrs. There should have a lot of activities in OCR. I think it's an exciting market.
    CCR on the other hand is a very different game. It will follow Singapore's own success story and the overall economic climate. If we succeed as a nation, CCR will close the gap with HK.

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    I believe in marina bay area.....just camp ard tat area!

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    Quote Originally Posted by devilplate
    I believe in marina bay area.....just camp ard tat area!
    Yes I'm looking for marina bay residence firesale never happen so far. Mr b needs to work harder. U dun go and disturb him lah.

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    Quote Originally Posted by amk
    Yes I'm looking for marina bay residence firesale never happen so far. Mr b needs to work harder. U dun go and disturb him lah.
    Okok....hehehe

    Mbr got bullet must grab one 3bdr full bayview......low flr also can! Nxt time all the future plots dun hf bayview liao!

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