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

[Amber Woods]

Scotts Highpark
04 APR 2016 43 SCOTTS ROAD #16-02 1,743 1,922 psf 3,350,000 04 MAY 2007 2,146 psf -390,000 3,258 -1.2%

[Spincity1]

You can look at it this way as well.

The emergence of Uber and Grab caused cars to increase in value due to the potential for private rent. It's not as simple as personal usage only.

And because Govt allowed them to bid under the same pool of COEs, the price of all vehicle COEs (other than bikes) have stayed stickily high.

The similarity angle can be seen when you think where the Govt is going to draw taxes to fund all the pprogrammes that continue to increase in costs.

Thanks for the well wishes.

TDSR is a mean to control consumer credit, not only on housing and cars, but also on credit card balance and interest bearing loans.
Gov can tweak the system to generate revenue, but it won't change the fundamental of supply and demand, nor the nature of consumable and durable

[Kelonguni]

TDSR is a mean to control consumer credit, not only on housing and cars, but also on credit card balance and interest bearing loans.
Gov can tweak the system to generate revenue, but it won't change the fundamental of supply and demand, nor the nature of consumable and durable

Basically, we are looking at limited numbers of cars and properties allowed on this island. Population of 6.9 or 10 million, whichever.

Is a house with 10 years' lease left worth anything or nothing? Is it as consumable and durable as a car?

The more open-minded one can be, the more you can sense the macro and micro-trends and how they are correlated.

[Spincity1]

Basically, we are looking at limited numbers of cars and properties allowed on this island. Population of 6.9 or 10 million, whichever.

Is a house with 10 years' lease left worth anything or nothing? Is it as consumable and durable as a car?

The more open-minded one can be, the more you can sense the macro and micro-trends and how they are correlated.

You are using an extreme example which doesn't even exit to justify your argument.

Anyway, it started when you use unused cars (consumable, unused, so not revenue generating) as an analogy to vacant units
then you use the emergence of Uber and GrabCar to justify your analogy, which is totally opposite to your argument (revenue generating vs. unused)
Anyway, you sensed your trend and made your investment. Wish you the best!

[bargain hunter]

Helios

Sold 25 MAY 2016 17 CAIRNHILL CIRCLE #XX-XX 1,313sq ft 2,094psf
Bought 31 JUL 2007 3,378psf

[Kelonguni]

There is a component of housing that Iis consumable as well. But if you decided it's not then what can I say?

You are using an extreme example which doesn't even exit to justify your argument.

Anyway, it started when you use unused cars (consumable, unused, so not revenue generating) as an analogy to vacant units
then you use the emergence of Uber and GrabCar to justify your analogy, which is totally opposite to your argument (revenue generating vs. unused)
Anyway, you sensed your trend and made your investment. Wish you the best!

[bargain hunter]

Sky @ Eleven

Sold 18 MAY 2016 5 THOMSON LANE #XX-XX 2,713sq ft 1,548psf
Bought 23 JUN 2011 1,630psf

[Kelonguni]

You are using an extreme example which doesn't even exit to justify your argument.

Anyway, it started when you use unused cars (consumable, unused, so not revenue generating) as an analogy to vacant units
then you use the emergence of Uber and GrabCar to justify your analogy, which is totally opposite to your argument (revenue generating vs. unused)
Anyway, you sensed your trend and made your investment. Wish you the best!

Many segments of the market and purposes of purchases. For some the reasons are really opposite. The closest analogy I can think of is cars. Some other similarities but I guess should stay on track bah...

[wannabe]

Helios

Sold 25 MAY 2016 17 CAIRNHILL CIRCLE #XX-XX 1,313sq ft 2,094psf
Bought 31 JUL 2007 3,378psf

wow! this one really jialat.
39% loss.

[wannabe]

http://www.theedgeproperty.com.sg/co...-sold-2397-psf

[bargain hunter]

One Shenton

Sold 30 MAY 2016 1 SHENTON WAY #43-03 2,271sq ft 1,500psf
Bought 14 FEB 2007 2,242psf

Received the SMS from agent on x'mas day last year asking 1600psf nett. on 28th dec the msg read $3.5m first come first serve. so now we know it took 5 months and a further almost 100k discount. but seems like price is "around there" if seller can hold on for another half a year or more from the time first advertised for sale.

[bargain hunter]

ALTEZ 16 Enggor Street #38-08 80sq m $2236960 2598psf 24-SEP-2010

put up for mortgagee sale by JLL at a guide price of $1.8m

1 bedroom loft unit.

[bargain hunter]

Martin No. 38

Sold 1 JUN 2016 38 MARTIN ROAD #XX-XX 1,130sq ft 2,208psf
Bought 10 JUN 2011 2,410psf

[bargain hunter]

The Sail

Sold 2 JUN 2016 6 MARINA BOULEVARD #XX-XX 1,313sq ft 1,656psf
Bought 5 NOV 2009 1,900psf

[teddybear]

CCR price already crashed lah!
Soon OCR prices will also crash, and will crash BIG because the average middle-incomers will lose their jobs (much more easily than the high-incomers) and have no income to service their loans and no tenants in OCR to help pay the instalments (compared to CCR which will take up the available tenants first)..............
All these are happening because of property cooling measures, particularly ABSD..............

"I believe that CCR is a relative safer bet at his moment"

This I have heard it for at least 20 years. CCR was CCR 20 years ago, and it is no more. Singapore has no more CCR, nor RCR, nor OCR. It is the same country wherever you go, the same shopping malls, the same brands and franchises, and very soon the same schools.

[teddybear]

Every where in London is almost the same with great tube access and cheap cars and car park for park-and-ride but property prices in London Zone 1 to Zone 4 can be as much as 10X.............

There you goes....... Ha ha ha! Trying to talk up your OCR property prices???

20 years ago, to go to a decent food court or to purchase a decent set of cookware, you had to go to Orchard. To attend a decent cram school, you had to go to CCR. Now, Singapore has been homogenized. That explains CCR, OCR and RCR are not longer what they were. Which explains why home prices have been equalized.

You seem to believe what goes down must come back up for CCR. I don't believe that and if you believe that, go ahead and make my day.

[stalingrad]

Every where in London is almost the same with great tube access and cheap cars and car park for park-and-ride but property prices in London Zone 1 to Zone 4 can be as much as 10X.............

There you goes....... Ha ha ha! Trying to talk up your OCR property prices???

Teddy, don't compare Singapore with London, which has history and lore in the core that cannot be found anywhere else. What does Singapore have in the core other than the snub factor? Singapore is a young country with no history to speak of.

[teddybear]

Ha ha ha Stalingrad, I bet you never live in London before?
Londoners are more snub than Singaporeans!
And Singapore welcome foreigners much more than Londoners.....
And Singapore is a very much safer place to live in and much lower taxes than London, and the weather is sunny (not like the gloomy sky in London).........................
You don't know that Londoners have a super high rate of people having depression compared to Singaporeans?

Property prices is always about supply and demand and Singapore properties will continue to be in more and more demand................
As more people want to come to Singapore to buy properties to live, especially the rich, Property prices in Singapore will go up.............
Singapore is still young, just like London in 197x when Zone 1 property price is only about 2x of Zone 4, but now it can be as high as 10x !!!!!!!!!!
Singapore CCR property prices will surely progress in the same direction as London Zone 1........... No amount of talking down CCR and talking up your OCR property prices by you will change London's history nor Singapore's future...........

Teddy, don't compare Singapore with London, which has history and lore in the core that cannot be found anywhere else. What does Singapore have in the core other than the snub factor? Singapore is a young country with no history to speak of.

[stalingrad]

Ha ha ha Stalingrad, I bet you never live in London before?
Londoners are more snub than Singaporeans!
And Singapore welcome foreigners much more than Londoners.....
And Singapore is a very much safer place to live in and much lower taxes than London, and the weather is sunny (not like the gloomy sky in London).........................
You don't know that Londoners have a super high rate of people having depression compared to Singaporeans?

Property prices is always about supply and demand and Singapore properties will continue to be in more and more demand................
As more people want to come to Singapore to buy properties to live, especially the rich, Property prices in Singapore will go up.............
Singapore is still young, just like London in 197x when Zone 1 property price is only about 2x of Zone 4, but now it can be as high as 10x !!!!!!!!!!
Singapore CCR property prices will surely progress in the same direction as London Zone 1........... No amount of talking down CCR and talking up your OCR property prices by you will change London's history nor Singapore's future...........

If you live in the downtown core of London, you are surrounded by history. Every 10 meters, there is either a museum or art gallery or a historical building. In the downtown core of Singapore, every 10 meters there is a shopping center. See the difference? These shopping centers can be easily replicated in OCR, but not those museums, art galleries and historical buildings in London. Singaporeans are not stupid.

[stalingrad]

THE COSMOPOLITAN KIM SENG ROAD Condominium 09 CCR Freehold Resale 1 2,920,000 - 1,679 Strata 06 to 10 1,739 May-16

Is this the new low?

[teddybear]

Think so, that is why CCR property prices are so cheap now! And the rich can buy cheap cheap thanks to Government property cooling measures!

OCR property prices never drop........ Good for people like you who owned OCR properties but that also means average layman and middle-incomers are unable to buy OCR properties cheap cheap! (and I thought aren't property cooling measures supposed to make private property prices more affordable to the middle-incomers? Oh, this means Singapore Government's property cooling measures FAILED big time!!!!!!!!!!!)

THE COSMOPOLITAN KIM SENG ROAD Condominium 09 CCR Freehold Resale 1 2,920,000 - 1,679 Strata 06 to 10 1,739 May-16

Is this the new low?

[teddybear]

Stalingrad,

historical buildings are for historians and the government...... Most people (regardless of Singaporeans and Londoners) don't want to own any of these because preservation costs too high......

Museums and art galleries can be easily set up any where........ Just need money to buy up the art pieces and artefacts............

However, every few minutes, there is a crime committed in London......
The crime Index of London is a high of 48.4 vs Singapore's 15.8 !!!!!!!!!!!!
Rich people no lack of money, only lack life and scared of crime committed against them........
The safety and security provided in Singapore cannot be replicated in London, as well as low taxes which helped them to save more............

So many rich people who had moved to Singapore are not stupid (otherwise they would be like you, will not become rich)!!!!!!!!!!!!!!

As for the shopping centers, I wonder whether the OCR shopping centers have Birkins and Hermes retail outlets, or porsche showroom??????
If not, OCR shopping centers still can't replicate CCR, no matter how hard you try to sing the song............

If you live in the downtown core of London, you are surrounded by history. Every 10 meters, there is either a museum or art gallery or a historical building. In the downtown core of Singapore, every 10 meters there is a shopping center. See the difference? These shopping centers can be easily replicated in OCR, but not those museums, art galleries and historical buildings in London. Singaporeans are not stupid.

[nydeidith]

dont know why some are so obessed about distinguishing ccr and ocr in a small county like singapore...i use to stay in ccr and have moved to ocr...no big difference really..i still get to anywhere within reasonable amount of time....but i guess some ppl like to feel atas living in ccr? generally...if you are already up there...you will not be so hard up about proving anything to other people....no matter you rich or poor there will be challenges in your life and safisfaction/happiness is not guranteed by where you live...middle income regular wage earning singaporeans...which is majority of the people....will never be able to afford to to live in ccr through their own means...i also dont think they aspire to live in ccr since they have enough challenges as it is living as the middle class in a country like singapore...

and many rich people are normal people who have jobs and lives to live...so its ridiculous to portray them as got nothing better to do but buy birkin, hermes and porsche type people...lol...sure they can afford luxury items but they dont walk around and spend their days thinking about shopping and buying cars...lol

[Kelonguni]

dont know why some are so obessed about distinguishing ccr and ocr in a small county like singapore...i use to stay in ccr and have moved to ocr...no big difference really..i still get to anywhere within reasonable amount of time....but i guess some ppl like to feel atas living in ccr? generally...if you are already up there...you will not be so hard up about proving anything to other people....no matter you rich or poor there will be challenges in your life and safisfaction/happiness is not guranteed by where you live...middle income regular wage earning singaporeans...which is majority of the people....will never be able to afford to to live in ccr through their own means...i also dont think they aspire to live in ccr since they have enough challenges as it is living as the middle class in a country like singapore...

and many rich people are normal people who have jobs and lives to live...so its ridiculous to portray them as got nothing better to do but buy birkin, hermes and porsche type people...lol...sure they can afford luxury items but they dont walk around and spend their days thinking about shopping and buying cars...lol

Well said. Bravo!

To stay in CCR makes it almost impossible for the 80-85th percentile to own cars.

I would stay a little away and drive instead, even if its an old car.

[Kelonguni]

Maybe some old school fellows still prefer to live near the shops and go shopping there.

For the new generation, this platform is definitely IT! So many of these platforms, shop till shiok!

http://www.lecrin.sg/

dont know why some are so obessed about distinguishing ccr and ocr in a small county like singapore...i use to stay in ccr and have moved to ocr...no big difference really..i still get to anywhere within reasonable amount of time....but i guess some ppl like to feel atas living in ccr? generally...if you are already up there...you will not be so hard up about proving anything to other people....no matter you rich or poor there will be challenges in your life and safisfaction/happiness is not guranteed by where you live...middle income regular wage earning singaporeans...which is majority of the people....will never be able to afford to to live in ccr through their own means...i also dont think they aspire to live in ccr since they have enough challenges as it is living as the middle class in a country like singapore...

and many rich people are normal people who have jobs and lives to live...so its ridiculous to portray them as got nothing better to do but buy birkin, hermes and porsche type people...lol...sure they can afford luxury items but they dont walk around and spend their days thinking about shopping and buying cars...lol

[august]

Capitaland started a promotion with D'leedon and Interlace. 10% down payment, remaining 90% or loan installments deferred for a year. Condition is unit for self stay, not for renting out.

[Kelonguni]

Capitaland started a promotion with D'leedon and Interlace. 10% down payment, remaining 90% or loan installments deferred for a year. Condition is unit for self stay, not for renting out.

Sounds good. Instead of 20% downpayment, it is 10%.

Live 1 year means 1 year rent free (60-100K saved). Then maybe pay 10% more and loan 80%.

Sure have takers.

[nydeidith]

interlace still havent sold?!!!

[Kelonguni]

interlace still havent sold?!!!

The previous CEO said must be large units then considered humane mah.

Mostly in the 3mil category how to sell out easily?

[stalingrad]

dont know why some are so obessed about distinguishing ccr and ocr in a small county like singapore...i use to stay in ccr and have moved to ocr...no big difference really..i still get to anywhere within reasonable amount of time....but i guess some ppl like to feel atas living in ccr? generally...if you are already up there...you will not be so hard up about proving anything to other people....no matter you rich or poor there will be challenges in your life and safisfaction/happiness is not guranteed by where you live...middle income regular wage earning singaporeans...which is majority of the people....will never be able to afford to to live in ccr through their own means...i also dont think they aspire to live in ccr since they have enough challenges as it is living as the middle class in a country like singapore...

and many rich people are normal people who have jobs and lives to live...so its ridiculous to portray them as got nothing better to do but buy birkin, hermes and porsche type people...lol...sure they can afford luxury items but they dont walk around and spend their days thinking about shopping and buying cars...lol

It is clear thinking on the part of you average Singaporeans that makes real estate across the country equalized. People are not dumb. They go to a suburban mall, they see the same cold storages and bread talks as in Orchard, they murmur why the heck do I have to work so hard to buy a CCR condo? Leave CCR to the Chinese and Indos, who don't know better.

I have been saying this to Teddy for at least 10 years, and he has always chucked my advice outta window. I guess some people will never learn. Teddy, the secret to successful investing is to be humble, nimble and flexible. Even Warren Buffet admits that he makes mistakes.