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Thread: Paya Lebar Quarter

  1. #31

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    Quote Originally Posted by Amber Woods View Post
    So for investors, the so call "higher yield" only kicks in after TOP but they continue to pay progressive payments and even drawn down their loan without collecting any rental for 4 long years. So for investors, it does not make sense to buy new launch. Investors should buy completed and less than 10 years apartment to get the higher yield right?

    Most of these new launches are either shoe box or compact units. Not many owner occupiers are buying them. Hence, you will be surprise that many of these buyers are actually fairly new (less savvy) investors.
    Forget to include this group of cash tight investors/speculators. You think they are any less savvy? They are gamblers and not real investors.


  2. #32

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    Quote Originally Posted by teddybear View Post
    Ai yoh, there is a group of property speculators/specu-vestors like my friend, who will buy new 99-years leasehold with little cash upfront (with progressive payment) and then flip to others within 10 years and let others hold the babies as the lease runs down...

    Obviously for such people, they will tell you BRAND new or relatively new <10 years old properties are GOOD, 99-years leasehold properties doesn't matter and even better than freehold properties because LOWER PRICE and higher rental yield (but conveniently will not tell you 99-years leasehold means you collect rental for 99-years only vs freehold FOREVER and also the VALUE of your 99-years leasehold property is ZERO at the end of 99-years lease).......
    Forget to include this group of cash tight investors/speculators. You think they are any less savvy? They are gamblers and not real investors.


  3. #33
    Ultimate Underdog
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    Do you prefer to collect $2500 rental for 30 years for a 99 year LH while you service loan, or $2000 for the same 30 years for a FH property? Adjusted to be same price, same mortgage.

    This new old, FH LH, inference on whether people are savvy is just being judgemental. As long as they meet their objectives, who are we to judge?


    Quote Originally Posted by teddybear View Post
    Ai yoh, there is a group of property speculators/specu-vestors like my friend, who will buy new 99-years leasehold with little cash upfront (with progressive payment) and then flip to others within 10 years and let others hold the babies as the lease runs down...

    Obviously for such people, they will tell you BRAND new or relatively new <10 years old properties are GOOD, 99-years leasehold properties doesn't matter and even better than freehold properties because LOWER PRICE and higher rental yield (but conveniently will not tell you 99-years leasehold means you collect rental for 99-years only vs freehold FOREVER and also the VALUE of your 99-years leasehold property is ZERO at the end of 99-years lease).......
    The three laws of Kelonguni:

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


  4. #34

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    Quote Originally Posted by Kelonguni View Post
    Do you prefer to collect $2500 rental for 30 years for a 99 year LH while you service loan, or $2000 for the same 30 years for a FH property? Adjusted to be same price, same mortgage.

    This new old, FH LH, inference on whether people are savvy is just being judgemental. As long as they meet their objectives, who are we to judge?
    different people deploy different strategies which they are comfortable with.


  5. #35
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    Quote Originally Posted by bargain hunter View Post
    different people deploy different strategies which they are comfortable with.
    Agree bro. Only the vested can be called investors (if they hold long) or specuvestors (if they hold short).

    The non-vested at best can only be regarded as potential investors. While they should be patient to wait for the right product at the right price, waiting too long causes all opportunities (new, old, FH, LH) to be lost. They need to adjust their expectations of the market and themselves if need be.
    The three laws of Kelonguni:

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


  6. #36

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    heard 260 out of 429 units sold = 60% sold.


  7. #37

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    Park Place Residences Showflat will be closed until further notice by developer.


  8. #38
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    Quote Originally Posted by bargain hunter View Post
    Park Place Residences Showflat will be closed until further notice by developer.
    Wow, that's incredibly hot!

    Indicative prices?

    Maybe they think 1700-1900PSF is too low priced, wait for market to heat up more then release higher?
    The three laws of Kelonguni:

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


  9. #39

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    Quote Originally Posted by Kelonguni View Post
    Wow, that's incredibly hot!

    Indicative prices?

    Maybe they think 1700-1900PSF is too low priced, wait for market to heat up more then release higher?
    where got so high? i thought it was 1600psf? but looks like they want to sell slowly at 1700 to 1900psf for the remaining units lol.


  10. #40
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    Quote Originally Posted by bargain hunter View Post
    where got so high? i thought it was 1600psf? but looks like they want to sell slowly at 1700 to 1900psf for the remaining units lol.
    Actually 1600PSF still very steep whether is JG or PP... But this is a true demonstration of the overpowering pent up demand.
    The three laws of Kelonguni:

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


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