You can refinance with a shorter tenure isn't it? Assuming you have diligently set aside funds during the first 3 years.Originally Posted by draik
You can refinance with a shorter tenure isn't it? Assuming you have diligently set aside funds during the first 3 years.Originally Posted by draik
I am taking a 37 year loan now. 4 years later, if I refinance, I may have to take a 23 year loan. I have not calculate how much will it affect the monthly payment.
It's a 61% jump in installment if you reduce from 37 to 23. If you have means to finance it why not.Originally Posted by draik
Perhaps choose one that gives u the lowest thereafter spread ... Don't get tricked by the low first 3yrs spread ...Originally Posted by draik
so did they sell all their apts? only townhouses left? those townhouse will take a while to sell, especially with these new measures.
I heard should be be all sold. Even for those units that bounced.Originally Posted by kane
You are right about the townhouses.
Hi all,
I've a question with regards to psf:
Recent transactions at Kovan Residence:
2 bedrm, $1.28M, 883 sq, $1450psf
3 bedrm, $1.5M, 1259 sq, $1191 psf
I bought my K Regency:
3 bedrm, $1.245M, 980 sq, $1270 psf
My 3 bedrm is slight bigger than the 2 bedrm at K Residence. Should I peg it with the 2 bedrm or 3 bedrm at K Residence?
OTP already exercised and just want jot down some of the lessons learnt.
Thank you
IMO, if I am assuming the psf you have listed are units that have similar attributes [same flr/view], you can peg to the 3rm Kovan Residence's psf. However you should take note that the eventual selling price depends on "when" you are selling. For example in a uptrend market, the psf market price for a 2rm or 3rm Kovan Residence will probably be selling at the same psf[regardless of whether initial purchase psf is 1191 or 1450 since everyone is trying to maximise their profits]Originally Posted by CP5211
But in a downtrend, it is notably different if a seller is trying to cut loss/earn less or sell at cost price. The initial purchase psf will make a difference.
I would say that if the psf gap for a 2rm and 3rm is significant [>200-300psf], you should go for the 3rm since you are likely to have more cap appreciation provided that your exit timing is right. I checked the 3rm layout for ur unit and it seems reasonable, you made the right choice
Originally Posted by draik
coz 1st 4yrs BUC dispersed $$ will be gradually ramp up. basically you ar deferring paying. But also means u wont beinifit much from the low interest rate this few years.
Basically the issue for BUC.
Originally Posted by dtrax
gosh... 3bedroom 980sqf!!!.....
Hi Dtrax,Originally Posted by dtrax
Thank you for your analysis.
With regards to my choice of 3 bedroom compact, which is type C2, I actually got 'scolded' by my wife for not buying a type C3, which comes with Utility room.
Her view is that since we would most likely be renting to a family, the bigger C3 would be better as it also comes with utility.
However, I 'listened' to my agent:
C2: Balcony 10 sqm, AC ledge 2 sqm 980 sq ft
C3: Balcony 15 sqm, AC ledge 4 sqm 1130 sq ft
Both layouts are very similar except at the entrance where C3 has a utility room. C2's 2nd bedrm can only fit a single bed.
The price difference between them is about $150k (consider same floor)
Agent says since I'm buying for investment, buy C2 since cash outlay is small. C3 maybe can fetch extra $500 rental per month, $6000/year. It will take $150k/6k=25 years to make up the difference.
On launching day, C3 (48 units) sells out faster than C2 (60 units)
Is my agent right? Of course too late to dwell over this purchase, I just want to treat this as a valuable lesson learnt.
what is the average psf for c2 and c3, same floorOriginally Posted by CP5211
It could be the single loading effect that caused c3 to sell faster.Originally Posted by CP5211
For mid floor, its about $1270 for C2 and $1250 for C3Originally Posted by hopeful
Thanks. C2 is not single loading?Originally Posted by Kanarazu
My mistake.. c1 is the one without dual view.Originally Posted by CP5211
You are right. I am looking more onto what my bank is offering beyond the 4th year.Originally Posted by minority
the agent is right , it is easier to rent out 3 room which require lesser budget.....Originally Posted by CP5211
Last edited by henryhk; 12-10-12 at 13:58.
Just about 2km down at Jalan Pelikat , 930 sqft going at $1060psf.Originally Posted by CP5211
Promenade@Pelikat or Primo? That one is much further away from MRT.Originally Posted by Liverpool00
Only 8-10mins walk to mrt. For a few mins walk a difference of 1300psf and 1050psf.Originally Posted by Kanarazu
Roughly 9 min walk or 715m at the least along the HDB carpark. I always had this idea that perhaps the commercial units are subsidizing the residential units in the developer sales of a mixed development.Originally Posted by Liverpool00
Agent SMS that there are 4 returned units due to buyers unable to secure their bank loans, but prices have been adjusted upwards by the developer. Round 2 of balloting tmr
What unit types were returned?Originally Posted by zeamybro
A mix of 2 premium, 3 compact and 3 premiumOriginally Posted by kane
i heard even more units being returned as impulse buyers felt they bought too high a price and rather sacrifice the option fee.
As of today, 4 were returned for balloting. Mabbe there were more earlier but already been snapped up
06-13: $1.7milOriginally Posted by zeamybro
07-25: $1.258mil
07-14: $1.178mil
03-18: $1.32mil
Saw a lot of cranes on the site today. Feeling excited.
Hot swift sale will always have returned units.Originally Posted by zeamybro