La Fiesta @ Sengkang

[Autumnwinds]

Just checked with hubby. Loan amount should be 70%.
Amount should be more than tat.
We have factor in the worst scenario if interest rate is 4.5%.

Thanks for sharing. I'm kinda in the same boat(terms of loan) as you

[LaFiestaOwner]

Thanks for sharing. I'm kinda in the same boat(terms of loan) as you

Mine is 80%. But I don't have HDB as backup. But compare a Sengkang Flat and Condo, difference is abt $300k. Better sense to buy Condo. Better location flats: Clementi, Toa Payoh, best areas, easily close to Condo price. Wow, u all can pay only $1300 per month? 4.5% interest will set me back almost 4k if per month if I am not wrong.

[Autumnwinds]

Mine is 80%. But I don't have HDB as backup. But compare a Sengkang Flat and Condo, difference is abt $300k. Better sense to buy Condo. Better location flats: Clementi, Toa Payoh, best areas, easily close to Condo price. Wow, u all can pay only $1300 per month? 4.5% interest will set me back almost 4k if per month if I am not wrong.

I took a 60% loan, going by current rates, I'd be paying around 3.6k a month. If interest rates do rise, probably close to 5k. But I have an equivalent renting out at the same amount so it should be fine.

Don't worry too much about your loan, enjoy the great amenities and lifestyle you have bought into

[Skyray]

I took a 60% loan, going by current rates, I'd be paying around 3.6k a month. If interest rates do rise, probably close to 5k. But I have an equivalent renting out at the same amount so it should be fine.

Don't worry too much about your loan, enjoy the great amenities and lifestyle you have bought into

Me too... If not for the fact that I've a HDB as a 'backup', I wouldn't have bought this LF unit...

Exactly, don't think too much... Enjoy the decision you have made, sit back, & get ready to move into LF.

[Violinbite]

I took a 60% loan, going by current rates, I'd be paying around 3.6k a month. If interest rates do rise, probably close to 5k. But I have an equivalent renting out at the same amount so it should be fine.

Don't worry too much about your loan, enjoy the great amenities and lifestyle you have bought into

Hi autumn winds,

I too took a 60% loan over a 3-bedder. The UOB banker work it out to a $2800 for a 24years tenure starting from actual date when loan to be release after the first 40% been paid. May I know why yours workout to $3600 a month? Was it a larger quantum that you borrowed? My loan amount was $676000

[Autumnwinds]

Hi autumn winds,

I too took a 60% loan over a 3-bedder. The UOB banker work it out to a $2800 for a 24years tenure starting from actual date when loan to be release after the first 40% been paid. May I know why yours workout to $3600 a month? Was it a larger quantum that you borrowed? My loan amount was $676000

Hi Violinbite, my 60% quantum is close to 1mil. Hence the 3600 a month.

[LaFiestaOwner]

Fixed rates went up recently. Let's hope La Fiesta do not drop their price too drastically.

[Violinbite]

Fixed rates went up recently. Let's hope La Fiesta do not drop their price too drastically.

Not likely to happen to have a price drop. Have some confidence, after all all of us can't reverse gear anyway. To dwell negatively will not bring positive results, to give our mind for the positive is the only way to yield the positive. The Tampines plot recently bidded, no where near MRT is already going to head for $1200psf. $1050 is break-even cost. Apart from EC pricing, new condos hardly goes below $1100-1200 range. I also observe, buyers these days don't just jump into any freehold or any cheap bargains, transactions has been a little complex with good views, layout and locations have been taken a more serious considerations, since buyers know inherently they will be lock-in by their purchase decisions for many years down the road, thus can't afford to pull a wrong trigger. New launches still sells due to first choice of selection made available to buyers, which they might still willing to pay for the premium.

[Autumnwinds]

Fixed rates went up recently. Let's hope La Fiesta do not drop their price too drastically.

You worry far too much

[LaFiestaOwner]

You worry far too much

I agree... Anyway, prices seemed to have dropped by as much as $70000. Should have waited.

[wangwe]

I agree... Anyway, prices seemed to have dropped by as much as $70000. Should have waited.

Did you check the prices with the developer? This is for what unit?

[2824]

I agree... Anyway, prices seemed to have dropped by as much as $70000. Should have waited.

Really, so which unit and what is the psf / average psf now ??

[kirchhoff_liz]

for high-end condo, their impact will be greater. Even LF developer drops the pricing, do u think u can get back the same unit? Project near mrt doesn ccome cheap

[taggy]

I agree... Anyway, prices seemed to have dropped by as much as $70000. Should have waited.

i just take the take stack of the latest transaction,
i no see drop 70k leh

2013-07-02 64 Sengkang Square #XX-29 732 1,224 896,100
2013-05-08 64 Sengkang Square #XX-29 732 1,223 895,000
2013-03-07 64 Sengkang Square #XX-29 732 1,183 866,000
2013-01-30 64 Sengkang Square #XX-29 732 1,209 885,000
2013-01-28 64 Sengkang Square #XX-29 732 1,195 874,500
2013-01-28 64 Sengkang Square #XX-29 732 1,201 879,000
2013-01-25 64 Sengkang Square #XX-29 732 1,191 871,500
2013-01-24 64 Sengkang Square #XX-29 732 1,193 873,000
2013-01-24 64 Sengkang Square #XX-29 732 1,205 882,000
2013-01-23 64 Sengkang Square #XX-29 732 1,199 877,500
2013-01-21 64 Sengkang Square #XX-29 732 1,197 876,000

[Skyray]

Hi LFOwner, Price dropped as much as $70k? Unlikely bah... This would create problems & credibility of the developer... Did u see wrongly?

[LaFiestaOwner]

Hi LFOwner, Price dropped as much as $70k? Unlikely bah... This would create problems & credibility of the developer... Did u see wrongly?

Ok, maybe I am wrong. I saw on property guru, a lot of the 3 rooms seem to be 9XXXXX instead of over 1 million.

[Tan80000]

Ok, maybe I am wrong. I saw on property guru, a lot of the 3 rooms seem to be 9XXXXX instead of over 1 million.

Dun thrust those listing in property guru too much, I tried call before, those low price lists are getting contact only. Those agent will tell you unit sold n recommend you other unit with new prics...

[Autumnwinds]

Ok, maybe I am wrong. I saw on property guru, a lot of the 3 rooms seem to be 9XXXXX instead of over 1 million.

Ok what the hell did I just see. Hahahahaha

[2824]

Actually with almost 600 units sold, developer should just concentrate and build faster. If complete before 3rd year, they shd be able to clear most at TOP to those that need flats or upgraders who want a ready place. Most importantly, most of the early buyers not able to flip cos of ssd.

[nickq]

Actually with almost 600 units sold, developer should just concentrate and build faster. If complete before 3rd year, they shd be able to clear most at TOP to those that need flats or upgraders who want a ready place. Most importantly, most of the early buyers not able to flip cos of ssd.

EL Development is well known to build fast, right?

[2824]

EL Development is well known to build fast, right?

Being contractor and developer, they should be in a better position to manage this process.

[Violinbite]

Being contractor and developer, they should be in a better position to manage this process.

I assume most buyers still have a roof above them, why a hurry to build? Interest rate may rise, but I believe it is going to be relatively gradual. Rather build up savings at this point while waiting for the work to complete. Who knows of other investment opportunities may come up during the wait.

[LaFiestaOwner]

I assume most buyers still have a roof above them, why a hurry to build? Interest rate may rise, but I believe it is going to be relatively gradual. Rather build up savings at this point while waiting for the work to complete. Who knows of other investment opportunities may come up during the wait.

Today Straits Times mentioned that private property going to increase 1/3 's supply in the next 2 years of the whole island. Plus no fixed rate.

[Violinbite]

Today Straits Times mentioned that private property going to increase 1/3 's supply in the next 2 years of the whole island. Plus no fixed rate.

Hi LFOwner,
Both good news to you. since you buy for LF for your home stay, it shouldnt bother you. Any gain loss is only paper value. As for me, I ll only need to make sure my flat is rented out when I move into LF. Floating rate might be healthier, as banks will be subjected to much competition, thus they will keep themselves in check, constantly working attractive and transparent rates for home loan.

[LaFiesta]

Today Straits Times mentioned that private property going to increase 1/3 's supply in the next 2 years of the whole island. Plus no fixed rate.

Is it a good news for everyone?sorry n pardon me to ask as I dono all this.

[LaFiesta]

N it's really good to find out most of us in this forum is staying n not rent out as own stay will not b complicated n messy as everyone will take care of our surrounding I believe.

[LaFiestaOwner]

N it's really good to find out most of us in this forum is staying n not rent out as own stay will not b complicated n messy as everyone will take care of our surrounding I believe.

But really got a lot of units. Hope facilities not too crowded.

[Violinbite]

N it's really good to find out most of us in this forum is staying n not rent out as own stay will not b complicated n messy as everyone will take care of our surrounding I believe.

Some one and two bedders unit are likely bought as investment by a handful of investors. Surely have some units under rental. Condition of the facilities probably depend on the frequency of usage. Looking at most people are busy at work during weekdays, likely only more activities on sat and sunday. Weekdays probably the maids, ah-mah, ah-gong with the toddlers.

[Violinbite]

But really got a lot of units. Hope facilities not too crowded.

Actually I enjoy a slightly more occupied pool. With people around, the sense of enjoyment is greater than being alone in the pool. Can't imagine one person all alone at Wild Wild Wet? haha. Gym all alone is still fine. Don't play tennis so it's ok with me.

[Skyray]

Hi LFOwner,
Both good news to you. since you buy for LF for your home stay, it shouldnt bother you. Any gain loss is only paper value.

Exactly... Regardless of how much your property is worth... You will never see the value unless you sell it... These are all 'paper value'... Cannot realize this unless you sell....