Page 2 of 7 FirstFirst 1234567 LastLast
Results 11 to 20 of 61

Thread: Heritage View asking 1 m for 1163sqft?

  1. #11

    Default

    aaiyo!

    my frd stays there. she told me so. i was looking in dat area for myself.

    i checked ura site, latest trans for 920k ( that too in e month of july dat means actual transation takes pl 2-months back rite?)

    so hw owners asking price go on sky high?

  2. #12

    Default

    Quote Originally Posted by yokoosi
    there will be a time when the valuation will hit a limit. So how high more can it go? Who can afford it ? Is your friend the agent?

    Example, Bishan used to be a "hot" & "hype" area where there was a time when transaction was more than 600K. Look at it now. People who bought it during that time is still bleeding.

    the difference of the 600K HDB and 1 mil plus Heritage View is more than 40%.

    You go do the maths.

    if centro can launch at 1000 psf .. why can HV be the same ??

    HV is at a better location than AMK 1000 times

  3. #13

    Default

    cos nobody wants to come up with 300-400k cash, this money is better spend in stocks to generate higher returns

  4. #14

    Default

    Quote Originally Posted by proud owner
    if centro can launch at 1000 psf .. why can HV be the same ??

    HV is at a better location than AMK 1000 times

    If Centro is a sold out project within 3 days @ 11xxpsf. Then anything else is worth buying

  5. #15

    Default HDB beside heritage

    Quote Originally Posted by parcoasis09
    actuallly my frd told me dat nearby HDB 5 rm transacted 600+ , n upcoming ONR n The Rochestar increases the valuation. Govn put so much money so valuation goes sky high. is it true?
    the HDB beside Heritage View is Dover Close East. Those 3 blocks are different because they have unblock view, a lot of space (117sqm to 119sqm depending whether they have the excess area or not) and the area there is exclusive for these 3 blocks only (block 12, 13, 14).

    If you go to the carpark there, which only serves these 3 blocks, you will see about 7 Saabs, 3 Mercedes, about 4 Audis and 2 BMWs (last i counted in 2008). Not forgetting they have a lot of MPVs and SUVs parked in a HDB carpark. If you go to some condos, most do not have these kind of cars parked there. The last time i went to Regent Ville i remembered commenting that there are a lot of Toyotas, Picantos and Chery QQs.

    If you go to the void deck of these blocks and you look up at the ceiling, you will see that the place looks new even though the upgrading was done in 2004. There is hardly any litter or graffiti there unlike blocks 17, 18, 19 at Dover Road. These blocks are built in 1978 unlike 17, 18, 19 which are about 6 years old.

    During 2001 when Pungol was going at prices around $180000 to $220000, the place was selling at $400000 to $480000. So it's normal that it's still double prices at Punggol today.

    In 2007 to 2008, the highest transacted at Dover Close East is $733000 for the top floor, block 14. Not many places in Singapore can command that price so it isn't just a surrounding area issue. I feel you can't compare the prices for these blocks to any ordinary HDB and i feel it isn't because of One North or Rochester that increases the prices of these blocks.

    As for Heritage, i personally feel that the place is worth considering although i agree, the price now is very high. Owners can't sell if the price is too high above what the market values it to be, so if 3 months from now you see that they are selling the 1163 sqft for 1 mil, you know that the market values Heritage to be that.

  6. #16

    Default

    Quote Originally Posted by Property_Owner
    If Centro is a sold out project within 3 days @ 11xxpsf. Then anything else is worth buying
    Only 87 sold (< 50% of the no. of units launched).

  7. #17

    Default

    let's go to the basics.

    Past months properties report card looks incredible and unbelieveable. Record sales during recession. Now, the questions is

    a) How many are new project sales and how many are sub-sale units?

    Correct me if i am wrong, but from what i gathers, most are new project sales. So, what does this buying pattern tells us?

    a) Not all, but most of the people who bought the new projects sees it as a opportunity to park their money there and hopefully make a capital gain by the time the project TOP. Like someone mentioned, HV is a better located project, but why is it not selling at about 1000 psf and why this group of people not buying? Why?

    For new projects, 20% down payment is all you need and you don't have to worry about the monthly bank payment. Once this group of people are exhausted, the buying trend will slow down for new projects down the road. Where got so many people with so many money to park? In another words these people are speculators with no confidence in current economic situation now. if you are not in the rush to buy, wait for next year or so.

    b) Current seller saw the uprise in price, so think that the market is recovering..and so the high asking price, but if you check the URA transaction, this is not the case. The difference between asking price and transacted price has a big gap.

    So if you are a serious buyer, print out the URA transaction and show it to the agent and seller. I am sure there are still seller with realistic expectation in the market...



    I seriously doubt that this buying trend can continue.

  8. #18

    Default

    i talked to my lawyer. he feels that more than 70% of the properties he is handling are bought by "investors"/speculators and genuine upgraders? only 2 or 3 out of every 10. he said his business is not as good as in 2007 because it is predominantly new sales and secondary market transactions are relatively small in comparison. he feels that speculation is more rampant now than in 2007 except that the speculation is more in new launches in RCR and OCR rather than prime in 2007.



    Quote Originally Posted by yokoosi
    let's go to the basics.

    Past months properties report card looks incredible and unbelieveable. Record sales during recession. Now, the questions is

    a) How many are new project sales and how many are sub-sale units?

    Correct me if i am wrong, but from what i gathers, most are new project sales. So, what does this buying pattern tells us?

    a) Not all, but most of the people who bought the new projects sees it as a opportunity to park their money there and hopefully make a capital gain by the time the project TOP. Like someone mentioned, HV is a better located project, but why is it not selling at about 1000 psf and why this group of people not buying? Why?

    For new projects, 20% down payment is all you need and you don't have to worry about the monthly bank payment. Once this group of people are exhausted, the buying trend will slow down for new projects down the road. Where got so many people with so many money to park? In another words these people are speculators with no confidence in current economic situation now. if you are not in the rush to buy, wait for next year or so.

    b) Current seller saw the uprise in price, so think that the market is recovering..and so the high asking price, but if you check the URA transaction, this is not the case. The difference between asking price and transacted price has a big gap.

    So if you are a serious buyer, print out the URA transaction and show it to the agent and seller. I am sure there are still seller with realistic expectation in the market...



    I seriously doubt that this buying trend can continue.

  9. #19

    Default go with what you are comfortable with

    Quote Originally Posted by parcoasis09
    owners of Heritage View asking 1 m for 1163sqft? is it reasonable? why ?????
    Parcoasis09, my personal views are that you should buy when you're comfortable with the place and the price. Consulting your spouse and/or any other relative would help give some perspective too, especially those relatives or friends staying at Heritage (if any).

    Though yokoosi has a point, i personally feel the prices will keep going up. The way i assess the situation is that

    1) we are passed the bottom. How long the REAL uptrend is going to appear is anyone's guess.

    2) most agree that recovery is most likely end year or next year

    3) most do not know if the continuous printing of US $ will cause the next downturn

    4) many would agree that China (who owns US now with all the securities they bought) would chip in to help the US $ if the "US $ doom's day prediction" comes through cuz, it would erode much of China's asset and China wouldn't sit there and keep still

    the prices are moving up now in anticipation of a recovery. What do you think the prices would be if the recovery really comes end year or next year?

    My view's the prices would move up for a while. When the IR is opened and we are still on the uptrend, the prices would move more. After that, it's anyone's guess.


    When it comes to investment and instruments, it all boils down to the probabilities. Much of the views you see here are pointers to what many of us would look out for to calculate the probabilities.

    If you want to make sure things are more certain, maybe you could explore what are the issues about the pricing that you feel are

    1) speculation and just pure talk (or agent talk)

    2) has a high probability of happening with most of the people who know what they are saying agreeing with the point

    3) confirmed facts

    my best regards and my apologies to everyone if i offended anyone.

  10. #20
    Join Date
    Nov 2008
    Posts
    1,393

    Default

    Quote Originally Posted by bargain hunter
    i talked to my lawyer. he feels that more than 70% of the properties he is handling are bought by "investors"/speculators and genuine upgraders? only 2 or 3 out of every 10. he said his business is not as good as in 2007 because it is predominantly new sales and secondary market transactions are relatively small in comparison. he feels that speculation is more rampant now than in 2007 except that the speculation is more in new launches in RCR and OCR rather than prime in 2007.
    i'm getting the same feedback from my lawyer friends that do conveyancing. what's more, it's really dumb money that's chasing up the mass market new launches, while smart money is targeting the resale market. the problem is that out of every 100 buyers, only 1 or two really read forums like this, and do in-depth research. the rest get hyped up by the papers, relatives, agents and deceptively appealing showrooms.

Page 2 of 7 FirstFirst 1234567 LastLast

Posting Permissions