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Thread: Park Colonial Condo

  1. #21

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    Quote Originally Posted by Laguna View Post
    A one-bedder costing>$800,000 add 20% of BSD and ABSD
    acquisition cost is $960,000
    renting average about $2600, maintenance is about $250 and property tax say $100 a month
    Interest on 70% borrowing of $800000x70%X2%pa = $11,200
    Net return (2600-250-100)x12 - 11200 = $15,800 over acquisition cost of $960,000 = 1.65%
    still need to factor in agency fee, vacancy period, cleaning etc

    how to invest in this
    sis, give chance to first timers lah. they pay zero absd. looks like that's what the gahmen wants anyway.

  2. #22

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    463 sqft unit average rental there will be just 2000$ .
    2600$ is for 600+ sqft unit.

  3. #23
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    Quote Originally Posted by bargain hunter View Post
    sis, give chance to first timers lah. they pay zero absd. looks like that's what the gahmen wants anyway.
    This makes thing worst, in other words, all these first timers will not be able to buy HDB for a few years.. (3 years of SSD + 30 months to buy HDB).
    Look like, this even could be a negative cash flow and very low yield

  4. #24
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    Quote Originally Posted by Tomutomi View Post
    463 sqft unit average rental there will be just 2000$ .
    2600$ is for 600+ sqft unit.
    Everyone is hoping for substantial capital gain.....
    not the day to day as an investor...

  5. #25

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    Quote Originally Posted by Laguna View Post
    This makes thing worst, in other words, all these first timers will not be able to buy HDB for a few years.. (3 years of SSD + 30 months to buy HDB).
    Look like, this even could be a negative cash flow and very low yield
    by first timers, i meant the decoupled fellas. many of these buyers could possibly already own a residential unit under a single name (hdb or private) which they are residing in. it would seem that these people are aware of the low returns going forward. i think they are just not keen on financial instruments be it bonds or stocks. to the buyers, property is the safest and still can leverage > 1 time safely. nevermind the low returns.

    i think the aim of the gahmen measures is not to lower prices. in the short term, it encourages desperate developers give some discount but overall, it helps to keep property prices in a tight range with modest appreciation in line with economic growth over the longer term.

    initially, i was expecting oversupply from 2023 onwards, but now, with the probable slowdown in sales volume/speed, the end of en bloc supply, resale seller also thinking twice to sell (as they can't get their units back), net net, i think the gahmen doesn't want the price to shoot up over the next few years and then quickly back down in the few years after.

    unexpectedly, "smoothening" out this cycle seems to have encouraged buyers buy new launches instead. i am just as puzzled as to why the buyers didn't pause at all.

  6. #26

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    413 units sold at an average of 1731.69psf.

  7. #27
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    Quote Originally Posted by bargain hunter View Post
    413 units sold at an average of 1731.69psf.
    Bargain over, the fun have just begin.

  8. #28

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    not really,
    there's going to be 1 returned unit... one buyer is going to return the unit sold...

    speaking of returned units, with HSR plans scrapped or in limbo, over 68 units of Twin Vew (or more than 15% of units sold) were returned in the month of June.

  9. #29
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    Quote Originally Posted by sginvestor View Post
    not really,
    there's going to be 1 returned unit... one buyer is going to return the unit sold...

    speaking of returned units, with HSR plans scrapped or in limbo, over 68 units of Twin Vew (or more than 15% of units sold) were returned in the month of June.
    Most go show flat not prepare, some weak mind get into OTP without knowing much others think they buying vegetable.

    For those who can buy and waiting will still be waiting for the next 5% increase in ABSD.

    CEA should look into return unit just like insurance.

  10. #30

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    that's very true...

    they are of weak minds and should never have signed the OTP.

    But all is not lost - give up 10k, but you can potentially save 100k or even 200k if you buy at other launches with more reasonable pricing.

    Park Colonial - is too expensive, buyers who are buying are buying at the market's peak
    Except for Queenstown/freehold sites, no other 99-year suburbs have land cost as expensive as park colonial (besides woodleigh residences but that's another story)

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