can you enlighten me how 820 psf for a 3 bedder (abt 1300 sqft) is reasonable ? when just a mth ago a PH (2271 sqft) at Stellar was going at 685 psf ?Originally Posted by Simi
can you enlighten me how 820 psf for a 3 bedder (abt 1300 sqft) is reasonable ? when just a mth ago a PH (2271 sqft) at Stellar was going at 685 psf ?Originally Posted by Simi
Originally Posted by wumingwei
what does that tell you ??
when there are many seller ... it only means 'there already' ..in order words..toppish ...
when Macdonalds was selling "hello kitty" last time .. whole island looking to buy ... but at one point some one paid $100 for one stupid cat.. suddenly all sellers appear...
from there on ..the price started falling ...
if you sell at 820 psf and only make small profit ... doesnt that mean you bought it too high ??Originally Posted by Simi
you must have been the last few buyers who bought from developer at 760 psf ??
Hi Proud OwnerOriginally Posted by proud owner
Please refer back to postings 817 amd 818 on why I posted price reasonable. .
On why I posted difficult to please buyers ?
Check back the transaction records in URA
There are many transactions done below 700psf and only recently
some done above 700psf. Last one posted here by PropertiesHunter ?
where he sold his at 760psf bought 2months ago at 6xxpsf.
My question, why are they not buying back then ?
Fed like PropertiesHunter took the risks to buy.
So if buyer not taking risk to buy when price below 700psf
will forever feel price not reasonable. Unless they get one that is on firesales. But then again these buyers may not buy even if there is one.
And you can see them here .....^%$#% i should have bought.
Hi Proud Owner
Maybe you also read posting 801 and 802
exchanges between spn25 and PropertiesHunter.
PropertiesHunter sold his unit which is mid floor west sun 760psf.
Fed's unit as he had posted is at #03-23 facing pool. Asking 820psf.
Reasonable price could also mean "market price"..... bank valuation. Try doing a deal at bank valuation price... last heard that max is about $750 psf... not sure of it but anyone could check it up.
Please note that the valuation prices serves as a guide. They are people willing to pay above valuation and sellers who are willing to sell below valuation. Quite likely to have a deal there if that is the case.
However, if you have a buyer who is not going to pay above valuation and a seller who is not going to sell below valuation. It would be better to take a walk at Botanic Gardens, looking up into the sky and down at the pond. haha.
Last time my ex bf queued looong to buy me 2 pairs of hello kitty in wedding gown. Wah so touched. Gave 1 to sister as wedding gift and kept 1. My sist say why not sell 1 and keep 1. I hesitated and regret nowOriginally Posted by proud owner
Now I see asking price jumping in the short 2 wks i start searching again. really came at wrong time. Should I wait longer still more sellers appear?
DJ looks like the beginning of a retracement ... if so ..STI will also be sama sama ...Originally Posted by wumingwei
lets wait and see
some bad news out of UK today ....
i am totally lost as to why 820 psf is reasonable ...Originally Posted by Simi
anyway not important ...
if people buy to sell at a small profit ... such risk reward is just not worth taking
Hi Proud OwnerOriginally Posted by proud owner
Let's agreed to disagree and move on
DJ retracement and may retrace up again
As long its not a correction we may till see property prices moving up.
Major correcton maybe towards end of the year.
Originally Posted by Simi
Hi Simi,
You are a precise reader, must be lawyer or teacher as profession. Actually, I did sold at 760psf but it lapse so I keep the 1% and resold last few days at higher than 760psf. Bank val. still 760psf. OCBC.
I think a price of 780psf is still can be acheive at TOP, but remember many seller is holding ON till then. If you are a buyer then, hold on for more than 2 months before you enter, chances price will not be as high as TOP with keys. Sellers will be adjusting prices upward, unless their units is on TOP 15 best facing unit then there is a advantage. My is Not so I sell lah.
Anyway is my 2 cents of contribution, you may defer
Hi PropertiesHunterOriginally Posted by PropertiesHunter
So, is this the unit you talking about ?
#10-07-----1281 sq ft-----$764 psf---29/5/09
No, I am not a buyer looking to buy but already have a 2bedroom
bought direct from developer. At present looking for a long term tenant
to take possession unfurnish.
SIMIOriginally Posted by Simi
kindly update us when you manage to rent it out ..
my agent friend told me alot of demand still from expat families working on the west side and they are looking for 4 bedders ... unfortunately they are only looking at 6.0-5.5k for 4 bedder as some in dist 9/10 older projects going at not more than 6.5k hence for dist 5 they are not willing to pay any higher ..
so i am curious what a 2 bedder can fetch ..
thanks
ProudOwnerOriginally Posted by proud owner
Sure
I am looking for a "long Term" tenant, say 5years and above
so below market rate is ok for me.
but if there is unreasonable offer to buy, i will let go
punt intended
ahaah you still sore about my comment ...Originally Posted by Simi
Hi Proud OwnerOriginally Posted by proud owner
Just havin some fun
Punt intended was meant to pull your leg la
No, not my unit, I think you will see caveat very soon like Aug09Originally Posted by Simi
Hi ProperiesHunterOriginally Posted by PropertiesHunter
You are a Real Pro
Admired your courage and resources to flip it within 2-3 months
That's not easy to find..... and how would you charge for rental then? $>1.5k a month? Most probably have to find a relative as a tenant and rent to them for a small fee.Originally Posted by Simi
Thought that the main demand for the west is mainly over at Varisty Park and Clementi Woods area... But well... its your luck to find a good tenant.
Your punt is appropriate....
NO TIGHTENING OF INCOME TAX POLICY FOR PROPERTY TRANSACTIONS
Ministry of Finance wishes to clarify that the proposed change in the Income Tax public consultation document involves no tightening of the current income tax policy for individuals who sell their properties.
The only change proposed involves a relaxation of income tax treatment aimed at giving certainty of non-taxation to individuals who do not sell properties frequently. This has been in response to public feedback over the years as under existing practice, such certainty of non-taxation has not been provided.
The proposed change is therefore not an anti-speculation measure. It does not mean that individuals who have sold more than one property within a four year period will automatically be subject to income tax. There is no change to the current and long-standing income tax treatment in this regard. Whether individuals who sell properties more frequently are subject to income tax depends on the facts and circumstances of each case. IRAS has in the past brought to tax a small number of individuals -- who regularly transact in property, and whose gain from the disposals is assessed to be income.
Singapore does not have a capital gains tax, unlike many countries. Its income tax rules are merely aimed at taxing persons who make an income out of their property transactions. This income tax policy is common among tax authorities internationally, and our local practices are not unique.
There is no requirement that individuals must report to IRAS for income tax purpose every time they sell their properties – this will also continue to apply going forward. IRAS has always conducted its own audits of property transactions for possible cases of assessable income.
The only change being proposed in the Income Tax (Amendment) Bill 2009 is to provide certainty of non-taxation for individual owners who do not sell properties frequently. Specifically, when individuals sell their properties, they will be certain that the gains made from selling their properties will not be subject to income tax if they have not sold any properties in the preceding four years. The lack of certainty in the current rules presently for individuals who sell their properties had led to public feedback for more clarity of income tax treatment. In response to such public feedback, Ministry of Finance is proposing this improvement, as part of its regular review of the Income Tax Act.
More details of the Income Tax public consultation can be found at http://www.mof.gov.sg/consultation_current/2009_public_con_income_tax_bill_amendment.html
From DBS Report... $800+ psf for West Coast area.
Coming Soon: Volari at Balmoral. We expect strong interest
in Volari, an 85-unit freehold development which sits on the
former Garden Hotel site at Balmoral Road. Indicative pricing
for the project is around S$1,800 to S$2,000 psf. Following
the recent success at the Devonshire cluster where developers
like Allgreen almost fully sold out One Devonshire at around
S$1,750 psf, the Balmoral area represents another city-fringe
residential enclave that could similarly benefit from pent-up
demand close to the upper-mid end of the market.
Hong Leong Garden in Sep. The former Hong Leong Garden
site along West Coast will be ready for launch in September,
where more than 390 units are expected to be offered. We
expect ASPs of around S$800 to S$900 psf for this 999-year
development.
Volaris have started VVIP close door booking, BUY blindly with discount.Slightly less than 1800psf for 3-4bdOriginally Posted by Simi
Hong Leong Garden will be great sell out look like big 4 bd is 750psf, the rest I do NOT know.
GOT my relative in Volaris project and invitation for HL because I am D5 investor mah, hehe.
Hong Leong Garden project 4 bedroom will be 750psf?! Thats a good buy wor....
Hi NovelOriginally Posted by novel
at that price buyng for own stay, think is ok.
was looking at the projects at this area... price seems never drop before... still at 750 psf and above...
750psf own stay ok? investing not ok?Originally Posted by Simi
How come Botannia owners till now has not collected the keys yet? Why no pix or review on the developments? Carabelle owners so excited in their thread.
Think if you are buying as a second property/investment then waitOriginally Posted by novel
Your patience will definitely pay off
Yes, feel happy for the excited Carabelle owners collecting their keys.
As for Botannia, no complain la
Initially during launched the TOP was supposed to be April 2010
then brought forward to Sept 200 . Now only July we are still ahead of
schedule.
Has anyone received any notification on your TOP? My in law has a unit at Botannia but has yet to receive any letter......just wondering why it's taking so long.....
Yes, some Carabelle folks have already received their keys.......
Originally Posted by Simi
Originally Posted by polkadots
Hi Polkadots
No notification yet
Ok thanks.....looks like I will collect my keys before them...... anyways it shouldn't be long......we are hoping to use the same ID (and maybe get some discounts).
Originally Posted by Simi