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Thread: Is the market losing steam?

  1. #21

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    Quote Originally Posted by Amber Woods View Post
    In a typical old private development sold en bloc (not HUDC), owner occupier is about 60% and investor is about 40%. Most owner occupiers will buy resale to stay. Of these, some will buy HDB flats for retirement and some will buy old private resale so that they can move in. The investors can wait to buy and in no hurry to buy. If they should buy now, they will buy resale for immediate rental income. Almost all en blocers will not buy new launch.

    You are right, if resale is not picking up, it is not a good sign. Perhaps, more are buying HDB flats for retirement since aging HDB flat prices are coming down much faster since the Minister confirmed that price of HDB flat will become zero upon reaching 99 years. The money from en blocers are not flowing back into the market as much as property agents and property agencies are trying hard to impress the market.
    Only Time will tell the truth, just like 2007.


  2. #22

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    Quote Originally Posted by Arcachon View Post
    Only Time will tell the truth, just like 2007.

    Yah man, my ex-boss few properties been enbloc-ed 2017-2018, and the rest I shall end here.
    Your answer is as good as what Iím seeing a true enbloc-er is doing at this moment now

  3. #23

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    There is liquidity on all property classes, not just on residential new/resale. Some of them invested in commercial properties. Our recent shophouse sale is to a beneficiary from 2017 HUDC En Bloc. He paid a huge proportion in cash. Probably due to his age as he is in his 60s.

    I think I have said this before...our recovery will be alot more gradual this round. Not a V shape rebound, more like a long U shape. CMs are in place (here to stay) and its sheer brilliance is keeping that in check.

  4. #24

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    Came across this article that claims half of May en bloc failed. https://www.99.co/blog/singapore/en-...e-sale-tender/

    Possible that the turning point is reached? Developers have jiak enough already.

  5. #25

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    Quote Originally Posted by catlover24 View Post
    Came across this article that claims half of May en bloc failed. https://www.99.co/blog/singapore/en-...e-sale-tender/

    Possible that the turning point is reached? Developers have jiak enough already.
    You are right.

    Here is the big picture.


  6. #26

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    Quote Originally Posted by catlover24 View Post
    Came across this article that claims half of May en bloc failed. https://www.99.co/blog/singapore/en-...e-sale-tender/

    Possible that the turning point is reached? Developers have jiak enough already.
    Unlikely that we have reached turning point. 1 of my Bukit Timah condo has just started forming CSC due to expression of interest from a local developer which prompted some of us to consider our next moves. This time round, we also have new players from China, never under-estimate their purchasing power. Early days imo...lots of leg room. My fellow owners are holding out for record price, no record price, no talk!

  7. #27

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    Any recent en-bloc success news to share? I have not seen any recently. Maybe I was not tuning in.

  8. #28

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    Quote Originally Posted by PropVestor View Post
    Any recent en-bloc success news to share? I have not seen any recently. Maybe I was not tuning in.
    You are right, market very hot but how many know and understand.

    By the time those who don't know and don't understand know and understand, they will be waiting for the next cycle.

    I love my new business, my business Boss tell us today to take care of ourselves first than can take good care of our buyer, seller, tenants.

    He even do all the leg work for us and tell us which project to buy, cannot say sure made money but at least don't lost money.

    The News will be out after the launch where the buyer are from the Biggest Agency in Singapore.

  9. #29

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    Quote Originally Posted by PropVestor View Post
    Any recent en-bloc success news to share? I have not seen any recently. Maybe I was not tuning in.
    Chinatown people park is going for collective sale.
    One china owner contacted me for my unit which was on a website, mainly their china community are surfing.

  10. #30

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    Quote Originally Posted by PropVestor View Post
    Any recent en-bloc success news to share? I have not seen any recently. Maybe I was not tuning in.
    oh well, fresh out of the oven. looks like attention has turned to CCR.

    https://www.businesstimes.com.sg/rea...ollective-sale

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