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

  1. #4351
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    Quote Originally Posted by stalingrad View Post
    I think Teddy owns a unit here. Haha, I can be wrong.
    It's *Freehold*...

    http://www.propertyguru.com.sg/proje...tts-square-961

  2. #4352
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    Botanic on Lloyd

    Sold 2 MAY 2017 33 LLOYD ROAD #XX-XX 1,819sq ft 1,748psf
    Bought 21 JUN 2010 1,935psf

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    update on the cube 8 unit which a few enquired. the lodged caveat was 1.75m not 1.5m. still a good deal.

    CUBE 8 THOMSON ROAD Condominium 11 CCR Freehold Resale 1 1,750,000 - 1,475 Strata 21 to 25 1,187 May-17

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    Spotlight on D11 sales:

    Trilight

    Sold 5 MAY 2017 7 NEWTON ROAD #XX-XX 2,099sq ft 1,674psf
    Bought 10 JAN 2011 1,737psf

  5. #4355
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    Soleil @ Sinaran

    Sold 5 MAY 2017 2 SINARAN DRIVE #XX-XX 1,722sq ft 1,835psf
    Bought 16 NOV 2011 1,858psf

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    Sky @ eleven

    Sold 3 MAY 2017 9 THOMSON LANE #XX-XX 2,271sq ft 1,368psf
    Bought 5 APR 2010 1,300psf

    breakeven but psf is very close to the 3 year lows.

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    The Cube 8 unit in question:

    Sold 2 MAY 2017 376 THOMSON ROAD #XX-XX 1,475sq ft 1,187psf
    Bought 30 NOV 2015 1,390psf

    not only loss + SSD too.

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    Buckley Classique

    Sold 18 APR 2017 11 BUCKLEY ROAD #XX-XX 1,475sq ft 1,722psf
    Bought 31 JAN 2012 2,089psf

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    Gilstead Two

    Sold 20 APR 2017 2 GILSTEAD ROAD #XX-XX 775sq ft 1,935psf
    Bought 28 JUN 2010 2,013psf

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    Adria

    Sold 24 APR 2017 12 DERBYSHIRE ROAD #XX-XX 1,281sq ft 1,702psf
    Bought 27 SEP 2010 1,775psf

  11. #4361
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    Miro

    Sold 25 APR 2017 1 LINCOLN ROAD #XX-XX 1,249sq ft 1,458psf
    Bought 15 JUL 2009 1,415psf

    another one sold for 3% stamp duty but perhaps collected significant rental.

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    no prior record but a good discount off the ask:

    Nassim Jade

    http://www.propertyguru.com.sg/listi...le-nassim-jade

    ask $6.5m

    NASSIM JADE NASSIM ROAD Condominium 10 CCR Freehold Resale 1 5,500,000 - 3,455 Strata 01 to 05 1,592 May-17

    sold $5.5m

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    Quote Originally Posted by bargain hunter View Post
    no prior record but a good discount off the ask:

    Nassim Jade

    http://www.propertyguru.com.sg/listi...le-nassim-jade

    ask $6.5m

    NASSIM JADE NASSIM ROAD Condominium 10 CCR Freehold Resale 1 5,500,000 - 3,455 Strata 01 to 05 1,592 May-17

    sold $5.5m
    I don't comments on such news often. But I have to this time. This is one of the projects I always passed by on the way to or departing from Botanic Garden. I always admired it thinking why I wasn't rich enough to own one unit, so close to my favorite haunt. Now it is down to 1,500 psf. Time indeed has changed.

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    St thomas suites

    Sold 5 MAY 2017 33 ST. THOMAS WALK #XX-XX 2,605sq ft 1,843psf
    Bought 10 JUL 2007 2,220psf

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    Duchess Residences

    Sold 21 APR 2017 106 DUCHESS AVENUE #XX-XX 2,756sq ft 1,306psf
    Bought 28 JUN 2007 1,826psf

    Sold 30 MAY 2017 102 DUCHESS AVENUE #XX-XX 2,756sq ft 1,379psf
    Bought 22 JUN 2011 1,700psf

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    Quote Originally Posted by bargain hunter View Post
    Duchess Residences

    Sold 21 APR 2017 106 DUCHESS AVENUE #XX-XX 2,756sq ft 1,306psf
    Bought 28 JUN 2007 1,826psf

    Sold 30 MAY 2017 102 DUCHESS AVENUE #XX-XX 2,756sq ft 1,379psf
    Bought 22 JUN 2011 1,700psf
    This just brightened up my day.

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    Actually a unit at Duchess Residences sold for 1176 psf back in January. That is about the same price some OCR condos were sold at. The feeding frenzy we saw in 2007 has turned into despair indeed.

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    St Thomas Suites

    Sold 6 JUN 2017 33 ST. THOMAS WALK #XX-XX 1,819sq ft 1,787psf
    Bought 28 JAN 2011 1,909psf

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    Sky @ Eleven

    Sold 5 JUN 2017 5 THOMSON LANE #XX-XX 2,820sq ft 1,620psf
    Bought 14 FEB 2012 1,710psf

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    The now highly publicized 2.7m loss helios unit:

    Sold 26 MAY 2017 15 CAIRNHILL CIRCLE #XX-XX 2,002sq ft 2,148psf
    Bought 13 JUL 2012 3,502psf

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    Most owners of Helios bought at >$3200 psf.

    Have a friend who bought a 3BR at >$3400 psf against my advice, now staring with huge losses...........

    Already told the friend don't buy at the HISTORICAL PEAK price in that location but just won't listen!

    This is SAME AS OCR buyers now buying OCR 99-years leasehold new launch at THOUSAND YEARS HISTORICAL PEAK, they will staring at huge losses a few years down the road!


    Quote Originally Posted by bargain hunter View Post
    The now highly publicized 2.7m loss helios unit:

    Sold 26 MAY 2017 15 CAIRNHILL CIRCLE #XX-XX 2,002sq ft 2,148psf
    Bought 13 JUL 2012 3,502psf

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    Clap clap! Using CCR FH losses to suggest possible losses in OCR LH.

    You are the champion my friend.

    Quote Originally Posted by teddybear View Post
    Most owners of Helios bought at >$3200 psf.

    Have a friend who bought a 3BR at >$3400 psf against my advice, now staring with huge losses...........

    Already told the friend don't buy at the HISTORICAL PEAK price in that location but just won't listen!

    This is SAME AS OCR buyers now buying OCR 99-years leasehold new launch at THOUSAND YEARS HISTORICAL PEAK, they will staring at huge losses a few years down the road!
    The three laws of Kelonguni:

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

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    Quote Originally Posted by teddybear View Post
    Most owners of Helios bought at >$3200 psf.

    Have a friend who bought a 3BR at >$3400 psf against my advice, now staring with huge losses...........

    Already told the friend don't buy at the HISTORICAL PEAK price in that location but just won't listen!

    This is SAME AS OCR buyers now buying OCR 99-years leasehold new launch at THOUSAND YEARS HISTORICAL PEAK, they will staring at huge losses a few years down the road!
    Losses of 2 or 3 million means nothing to your friend or you, Teddy. You rich people living in CCR and driving Lamborghini can easily earn back that money lost. Singapore is paved with gold and opportunities are everywhere.

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    Yes, he has that many millions to lose.

    Quote Originally Posted by stalingrad View Post
    Losses of 2 or 3 million means nothing to your friend or you, Teddy. You rich people living in CCR and driving Lamborghini can easily earn back that money lost. Singapore is paved with gold and opportunities are everywhere.
    The three laws of Kelonguni:

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

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    You are right, that is why there is no need to move outside of Singapore in order to earn money (be it from within Singapore or outside of Singapore)!

    Anyway, most important thing is: Singapore is safe!
    When you have money, and money is not an issue, then the next is personal safety for yourself and your families.

    Tell us, which other country is as safe and as bright and sunny with readily available white sand seaside and as convenient as Singapore?

    Quote Originally Posted by stalingrad View Post
    Losses of 2 or 3 million means nothing to your friend or you, Teddy. You rich people living in CCR and driving Lamborghini can easily earn back that money lost. Singapore is paved with gold and opportunities are everywhere.

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    Experience tells me that buying OCR 99-years LH at THOUSANDS YEARS PEAK PRICES NOW, chance of losses is almost 100% (just a matter of time)!

    Quote Originally Posted by Kelonguni View Post
    Clap clap! Using CCR FH losses to suggest possible losses in OCR LH.

    You are the champion my friend.

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    Jokes aside, it is not surprising that this and other CCR projects have seen their fortunes turn to dust. When Orchard was the jewel of the crown crowded with tourists, it was glamorous to live in that area. But now Orchard has turned into a ghost town,..... By the way, I never saw any potential in Orchard even when irrational exuberance was on, back in mid 2000s. It is just a glistering but cheap and gaudy shopping strip devoid of culture and class, and replete with hookers/maids and tai-tai wannabes with too much time on their hands when their old husbands toiled in so-called financial industries, which by the way brought nothing but heartache to Singaporean investors, who lost billions owning those fraud-laden Chinese stocks.

    Prosperity in Singapore in that era was just a dream, and one has to wake up and smell the coffee. Hope you have good coffee.

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    Quote Originally Posted by teddybear View Post
    You are right, that is why there is no need to move outside of Singapore in order to earn money (be it from within Singapore or outside of Singapore)!

    Anyway, most important thing is: Singapore is safe!
    When you have money, and money is not an issue, then the next is personal safety for yourself and your families.

    Tell us, which other country is as safe and as bright and sunny with readily available white sand seaside and as convenient as Singapore?
    Saying Singapore is safe is akin to telling your friends who have lost millions in the casino: "as long as you have your health..." Other than safe, pray tell me, what is going for Singapore now? Stability? Don't make me laugh. Isn't one of the lees and his wife talking about leaving their beloved Singapore?
    Last edited by stalingrad; 15-06-17 at 20:54.

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    That is internal family dispute that is for themselves to settle, none of our concerns.

    For rich people, losing a few Millions $ in casino is nothing to them, as long as their life is safe and they are healthy.


    Quote Originally Posted by stalingrad View Post
    Saying Singapore is safe is akin to telling your friends who have lost millions in the casino: "as long as you have your health..." Other than safe, pray tell me, what is going for Singapore now? Stability? Don't make me laugh. Isn't one of the lees and his wife talking about leaving their beloved Singapore?

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    If CCR turn into dust, what will become of OCR? OCR will turn into Shit?

    As I said before, Singapore has good infrastructure, and we can live safely and still invest in all kind of investments around the world without stepping outside of Singapore.

    So if you are capable, Singapore is Oysters! We smell the roses with nice coffee every morning in bright and sunny weather! We don't have to endure cold weather with gloomy sky (known to cause many people to go into depression) and carry around and wear stupid thick clothings etc.................

    If you are not capable, then unfortunately you have to leave Singapore then.............

    Quote Originally Posted by stalingrad View Post
    Jokes aside, it is not surprising that this and other CCR projects have seen their fortunes turn to dust. When Orchard was the jewel of the crown crowded with tourists, it was glamorous to live in that area. But now Orchard has turned into a ghost town,..... By the way, I never saw any potential in Orchard even when irrational exuberance was on, back in mid 2000s. It is just a glistering but cheap and gaudy shopping strip devoid of culture and class, and replete with hookers/maids and tai-tai wannabes with too much time on their hands when their old husbands toiled in so-called financial industries, which by the way brought nothing but heartache to Singaporean investors, who lost billions owning those fraud-laden Chinese stocks.

    Prosperity in Singapore in that era was just a dream, and one has to wake up and smell the coffee. Hope you have good coffee.

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