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

  1. #4321
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    Leonie Parc View

    after 10 years

    Sold 7 APR 2017 22 LEONIE HILL ROAD #XX-XX 2,013sq ft 2,100psf Bought 23 MAY 2007 3,040psf

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    Scotts Square

    Sold 7 APR 2017 8 SCOTTS ROAD #XX-XX 947sq ft 2,914psf
    Bought 24 AUG 2007 3,849psf

  3. #4323
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    Tate Resi

    so many after 10 years...

    Sold 1 FEB 2017 21 CLAYMORE ROAD #XX-XX 2,185sq ft 2,145psf
    Bought 24 OCT 2007 2,929psf

  4. #4324
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    人生有几个⑩年!

    more of the same at:

    St Regis

    Sold 11 APR 2017 31 TANGLIN ROAD #XX-XX 2,121sq ft 2,000psf
    Bought 15 MAR 2007 2,570psf

    Sold 7 APR 2017 33 TANGLIN ROAD #XX-XX 1,507sq ft 2,157psf
    Bought 19 JUL 2006 2,654psf

  5. #4325
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    teddybear is offline Global recession is coming....
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    Default Never buy at peak price (just like for OCR prices NOW!)

    Talk too early hah? Wait and people will see the truth........

    People who bought at $1.5M, collect rental $350k in pocket HAPPY HAPPY for a few years, then have to CRY to sell at $1.0M, still lose $150k not including the stamp duty (3%), ABSD (7% or more), mortgage interests and property taxes, maintenance fund, maintenance and repair/service charges required to fix/furnish the property for next tenant etc, easily costs another $350k,
    so total lost $500k in nett total................
    Ops!
    Lesson learnt: Never buy at peak price (just like for OCR prices NOW!)


    Quote Originally Posted by thomastansb View Post
    You say for so many years already, you not tired ah. You crash crash crash. People already collected rental for 5 years. 4 to 5k a month, 50k a year. Already 250k in pocket and still counting.

  6. #4326
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    Quote Originally Posted by teddybear View Post
    Talk too early hah? Wait and people will see the truth........

    People who bought at $1.5M, collect rental $350k in pocket HAPPY HAPPY for a few years, then have to CRY to sell at $1.0M, still lose $150k not including the stamp duty (3%), ABSD (7% or more), mortgage interests and property taxes, maintenance fund, maintenance and repair/service charges required to fix/furnish the property for next tenant etc, easily costs another $350k,
    so total lost $500k in nett total................
    Ops!
    Lesson learnt: Never buy at peak price (just like for OCR prices NOW!)
    Agree, only Time can tell.

  7. #4327
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    Quote Originally Posted by bargain hunter View Post
    while #27-02 has been sold at $4.1m. There are still cheaper units available for the same stack.

    http://www.propertyguru.com.sg/listi...-thomas-suites at $3.6m for what looks like #02-02 or #03-02.

    http://www.propertyguru.com.sg/listi...-thomas-suites at $3.918m for #09-02

    for the other block:
    http://www.propertyguru.com.sg/listi...-thomas-suites looks like at least #16-04 for $3.925m
    just an update on St Thomas Suites that #09-02 has been sold for $3.75m.

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    The Marq on Paterson Hill

    Sold 12 APR 2017 8 PATERSON HILL #XX-XX 6,232sq ft 3,498psf
    Bought 9 JUL 2007 4,294psf

    another one where 10 years have flashed past and a gross depreciation of $4.6m+.

  9. #4329
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    Any news on the Cube 8 unit?

  10. #4330
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    Quote Originally Posted by Khng8 View Post
    Any news on the Cube 8 unit?
    no caveat lodged yet and advert was still there yesterday but removed today. maybe option just exercised today. gotta look out in caveats next week.

  11. #4331
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    Quote Originally Posted by bargain hunter View Post
    The Marq on Paterson Hill

    Sold 12 APR 2017 8 PATERSON HILL #XX-XX 6,232sq ft 3,498psf
    Bought 9 JUL 2007 4,294psf

    another one where 10 years have flashed past and a gross depreciation of $4.6m+.
    Simon Cheong's magic doesn't work any more.

  12. #4332
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    This is not CCR, but they seem to be making loss too. RCR also crashed?

    SPOTTISWOODE RESIDENCES SPOTTISWOODE PARK ROAD Condominium 02 RCR Freehold Resale 1 1,080,000 - 603 Strata 06 to 10 1,792 Mar-17
    SPOTTISWOODE RESIDENCES SPOTTISWOODE PARK ROAD Condominium 02 RCR Freehold Resale 1 1,580,000 - 915 Strata 06 to 10 1,727 Mar-17

  13. #4333
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    Quote Originally Posted by ccreporter View Post
    This is not CCR, but they seem to be making loss too. RCR also crashed?

    SPOTTISWOODE RESIDENCES SPOTTISWOODE PARK ROAD Condominium 02 RCR Freehold Resale 1 1,080,000 - 603 Strata 06 to 10 1,792 Mar-17
    SPOTTISWOODE RESIDENCES SPOTTISWOODE PARK ROAD Condominium 02 RCR Freehold Resale 1 1,580,000 - 915 Strata 06 to 10 1,727 Mar-17
    Spottiswoode was launched at more than $2,000 psf, and the whole project was sold out in one week, in 2009 or 2010. I was interested in that project as well, but moved too slowly.

  14. #4334
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    Quote Originally Posted by ccreporter View Post
    This is not CCR, but they seem to be making loss too. RCR also crashed?

    SPOTTISWOODE RESIDENCES SPOTTISWOODE PARK ROAD Condominium 02 RCR Freehold Resale 1 1,080,000 - 603 Strata 06 to 10 1,792 Mar-17
    SPOTTISWOODE RESIDENCES SPOTTISWOODE PARK ROAD Condominium 02 RCR Freehold Resale 1 1,580,000 - 915 Strata 06 to 10 1,727 Mar-17
    Sold 24 MAR 2017 48 SPOTTISWOODE PARK ROAD #XX-XX 915sq ft 1,727psf
    Bought 8 DEC 2010 1,774psf

    Sold 24 MAR 2017 48 SPOTTISWOODE PARK ROAD #XX-XX 603sq ft 1,792psf
    Bought 10 DEC 2010 1,773psf

    sold back at 17xxpsf. no crash.

  15. #4335
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    Thanks

    Stalingrad, it is back to 2010 price, u can go in now for Spottiswoode

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    Paterson Suites

    Sold 19 APR 2017 57 PATERSON ROAD #XX-XX 1,679sq ft 2,233psf
    Bought 24 JAN 2013 2,769psf

    Mortgagee sale asked for $3.8m, Auction counter offer at $3.6m. Property withdrawn. Sold by private treaty at $3.75m. Highest psf achieved for a unit of similar size in 2007 was $3,850psf.

    Warning: This post could spark a Teddy rant on CCR properties having crashed and OCR has not.

  17. #4337
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    Quote Originally Posted by bargain hunter View Post
    Paterson Suites

    Sold 19 APR 2017 57 PATERSON ROAD #XX-XX 1,679sq ft 2,233psf
    Bought 24 JAN 2013 2,769psf

    Mortgagee sale asked for $3.8m, Auction counter offer at $3.6m. Property withdrawn. Sold by private treaty at $3.75m. Highest psf achieved for a unit of similar size in 2007 was $3,850psf.

    Warning: This post could spark a Teddy rant on CCR properties having crashed and OCR has not.
    Can't blame him. He has suffered enough. The biggest setback is in his prestige. I argued back in 2007 that CCR was on the way to oblivion as Singapore was becoming homogeneous. He together with his buddy HP65 called me all kinds of names. I was right and he was wrong.

  18. #4338
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    Hehe, it sparked a Stalingrad first...

    Quote Originally Posted by bargain hunter View Post
    Paterson Suites

    Sold 19 APR 2017 57 PATERSON ROAD #XX-XX 1,679sq ft 2,233psf
    Bought 24 JAN 2013 2,769psf

    Mortgagee sale asked for $3.8m, Auction counter offer at $3.6m. Property withdrawn. Sold by private treaty at $3.75m. Highest psf achieved for a unit of similar size in 2007 was $3,850psf.

    Warning: This post could spark a Teddy rant on CCR properties having crashed and OCR has not.
    The three laws of Kelonguni:

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

  19. #4339
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    Quote Originally Posted by Kelonguni View Post
    Hehe, it sparked a Stalingrad first...
    Back in 2007-2012, such a post as I penned would have provoked a riot and a veritable deluge of indignant replies from Teddy and his buddies full of vitriol and verbal abuse. Now, it is as if I had been talking to a wall. The thread is as quiet as a summer day in the Rockies. Time has changed, and people have lost interest in properties. It is actually a good time to buy as the market has hit bottom.

  20. #4340
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    What/where are you looking to buy now? I need to build up more ammunition as just bought not long ago.


    Quote Originally Posted by stalingrad View Post
    Back in 2007-2012, such a post as I penned would have provoked a riot and a veritable deluge of indignant replies from Teddy and his buddies full of vitriol and verbal abuse. Now, it is as if I had been talking to a wall. The thread is as quiet as a summer day in the Rockies. Time has changed, and people have lost interest in properties. It is actually a good time to buy as the market has hit bottom.
    The three laws of Kelonguni:

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

  21. #4341
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    The Boutiq

    Sold 18 APR 2017 145 KILLINEY ROAD #XX-XX 506sq ft 2,075psf
    Bought 18 MAY 2011 2,321psf

  22. #4342
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    The Metz

    Sold 18 APR 2017 83 DEVONSHIRE ROAD #XX-XX 1,066sq ft 2,205psf
    Bought 4 NOV 2010 2,468psf

  23. #4343
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    The Laurels

    Sold 19 APR 2017 38 CAIRNHILL ROAD #XX-XX 1,001sq ft 2,577psf
    Bought 25 MAY 2010 2,990psf

  24. #4344
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    Espada

    Sold 21 APR 2017 48 ST. THOMAS WALK #XX-XX 646sq ft 2,168psf
    Bought 12 AUG 2010 2,466psf

  25. #4345
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    Belle Vue

    Sold 21 APR 2017 25 OXLEY WALK #XX-XX 2,002sq ft 1,728psf
    Bought 30 JUL 2009 1,847psf

  26. #4346
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    Scotts Square

    Sold 24 APR 2017 8 SCOTTS ROAD #XX-XX 1,249sq ft 3,043psf
    Bought 18 OCT 2007 4,026psf

  27. #4347
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    The Paterson

    Sold 24 APR 2017 63 PATERSON ROAD #XX-XX 1,206sq ft 1,908psf
    Bought 27 JUL 2007 1,916psf

  28. #4348
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    losses galore...

  29. #4349
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    Quote Originally Posted by bargain hunter View Post
    losses galore...
    Both *Freehold* and Leasehold have suffered here...

  30. #4350
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    Quote Originally Posted by bargain hunter View Post
    Scotts Square

    Sold 24 APR 2017 8 SCOTTS ROAD #XX-XX 1,249sq ft 3,043psf
    Bought 18 OCT 2007 4,026psf
    I think Teddy owns a unit here. Haha, I can be wrong.

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