while prices in prime areas have not budgedOriginally Posted by mantrix
while prices in prime areas have not budgedOriginally Posted by mantrix
this is wat i observed about Sg ppty market....every segment has their 'time' to shine
JLRX aso pointed out in other thread.
on 2006/07 bull run, prime market is leading the pack and mass market condo and HDB r laggards
during mid 2007, attention started to shift from prime to mass market and tats when mass market/HDB started to shine. sadly, due to subprime crisis started in Oct 2007, it jammed the brakes for mass market/HDB segments prematurely.
when economic recovery in Mid last yr, mass/HDB continues their upward trends from the point tat they were stopped at Oct 2007 (although HDB still defys the crisis but grow at a slower pace)
So, it is sort of a rotational play seen in the ppty market.
NOW is the best time for mass market supporters to SHOUT....but how long will this party last....Ur guess is as good as mine
In early 2000s, there were good reasons for prime areas to shine, given that there were more amenities there than in ulu areas. I remember that in late 1990s, there was not even a starbuck in my neck of the woods. Now, the whole country is basically equalized in terms of amenities. So, unless your job is the prime area and you would get fired if you are five minutes late, there is no reason for many people to live in the prime areas.
As I said, i don't even know what ion looks like and I don't even care.
Originally Posted by devilplate
the FACT remains: there will always be a gap between woodlands and nassim, the two will not reach parity
thats the brutal truth lol
morale of the story: birds of the same feather flock together
when one is a billionaire, very hard to imagine wat a pauper mentality will be(unless he/she started from ground zero) and vice versa
we goto tink out of our own 'horizon' and open up to new horizons
i mentioned b4, if u were to ask HDB dwellers whether a puny studio in CBD worth a million now anot....they will say CRAZY and likewise, if u ask any billionaires whether current HDB prices is high anot...they will say PEANUTS
What a joke.
British income, especially even blue collar workers, are 3-5x that of Singapore. Yet, London zone 1 property prices (they have interest rebates when they take out loan) is 10% of Zone 1. Singapore with more homogeneous income, where many don't even earn as much as even the British blue-collar workers, talking about 1:1 parity in private property prices between OCR:CCR? Are we talking about the general masses income growth at 30-50% vs the rich not growing or decreasing that one day we can see 1:1 parity for OCR:CCR private property prices?
May be more like OCR HDB flat prices getting close to parity with OCR private properties may be coming true with HDB flats even more modern and with more concrete walls (no cutting corners with glass facade walls) vs OCR private properties getting to become MM units and don't even have decent facilities and not even enough car parks for private residents - (or the developers believe most residents can no longer afford the cars after paying so much for properties so no point wasting their money to build more car parks?).
Since OCR private properties no advantage why buy? Might as well buy HDB?
Originally Posted by stalingrad
Yes, stalingrad -> stalin grad -> communists grad???
Yes sure, when we become a communists society/country?
Everybody receives same pay, get the same things, live in same house, rotate through the same jobs...
Originally Posted by Regulators
What a bigger joke. We are not talking about upper crust income vs. lower crust income here. We are talking about people who own condos here, and therefore have excluded the blue collar workers in singapore or the great Britain altogether.Originally Posted by teddybear
since only the affluent can own condos in Singapore, how much the blue collar workers make here vs. their counterparts in UK is entirely irrelevant. what is relevant is what condo owners in prime and ulu areas can get in terms of school, shopping and good facilities,etc. Since the country is entirely homogenized in terms of these, why would there be a price premium for the CBD?
Last edited by stalingrad; 11-06-10 at 13:47.
Just debate, don't make personal comments, and don't call people names. don't debase yourself by doing so.Originally Posted by teddybear
You missed my point. Unless you can make the rich to have same income and net assets as your so called middle income (whose income is actually miserable vs the rich as we have a big middle income but a super high gap to the very rich income), there is no way properties in the limited prime CCR area (favoured by the rich) will become close to the OCR area. Just an example, it is hard to find any valuable prime CCR condos with "colourful flags" hanging in the balconies & windows but this is just too common in OCR condos! Yuck! So ugly! These people have no decency or they think they "flags" very nice? What about swimmers in those mass market condos spitting, not wearing proper attires as reported in the news? Yuck! You think the rich and decent people want to be in the company of these indecent & ugly-mannered people?
Originally Posted by stalingrad
No way will the gap in condo prices be closed? It is already happening. come on, wake up and smell whatever you put in your pipe.Originally Posted by teddybear
r'ly? like that u debased urself a page ago liaoOriginally Posted by stalingrad
hahahahaha!
hey guys, what about this:
the psf gap between CCR and OCR has been closing.
However, OCR has attained this because of smaller units (thus keeping the units affordable) and because there is no longer the crappy bay window/planters in the design.
Quantum wise, there is still a gap because of significantly larger sq ft for CCR. Beyond a certain quantum, heartlanders find it hard to upgrade to.
there will come a time when CCR will pull out the gap again, just maybe not yet, could take some time.
i only went out for 3 hours and this thread has seriously become a bad minton court on a friday at the start of world cup.
Originally Posted by devilplate
What happened to The Minton?
Originally Posted by azeoprop
I definitely would dream that I can buy some prime properties like Marc@Paterson at the same $psf as a OCR condo but some people are hoping and hoping and hoping. We have to differentiate between dream and hope and reality.
Originally Posted by bargain hunter
your dream will come true sooner than you realize. I will not, however, be here to see it. I am saving money to buy my next home, in vancouver or toronto.Originally Posted by teddybear
Originally Posted by bargain hunter
Not so, with due respect. Before 2007, the average price of west coast is 400-500 psf, but that of river valley is about 2000 psf. fast forward, now the price comparison is 1200 vs. 2,000. the gap has narrowed from 1,500 to 800. and soon it will disappear.
Nothing to do with bay windows and crappy planters. I am comparing projects with bay windows and planters in west coast and river valley.
hihi palOriginally Posted by devilplate
i am taking average off my head ..
from what i know ..D5 west coast ... ave 1000 psf (GrandHill, Balmeg, Vision, Le'hill, Parc ...etc)
RiverValley area D9 ave 1400 psf (valley park, Mercury, etc )
of course there are those in D9 like cairnhill area thats closer to 2500 psf ave ...
i guess what i find interesting indeed was that report abt D1-8 catching up with 9-11
as evident alrady , D1-4 has surpassed many projects in 9-11
the mass projects in D1-8 definitely has caught up (closing the gap) with the mass project in D9-11
D1-4 surpasses 9-11? I only noe 1,2....Originally Posted by proud owner
i mentioned b4 last time tat CL, SB suddenly upgraded from mass to mid end status.
ur statement will give a wake up call to those who only invest purely based on District Labelling
it's like how vision can suddenly sell for 1,200psf. i thought those kind of psf are reserved for RV areas?
You pay peanut.. you get monkey..Originally Posted by devilplate
Some of my malaysian frens JB hse also kena breakin every now & then..
Girls waiting at quiet bus stop alone also kena kidnap & bring to deserted place & rape.
My malaysian fren also lan lan.. but wat to do! cheap cheap is like that..
Originally Posted by devilplate
if i am not wrong, in the past, not a single project in D1-8 had higher psf than those in D9-11
today ... the 'cream' of D1-8 has higher psf than many 'sour cream' of D9-11
thats a big change in my opinion ...
i guess many forumers here ...who have lived oversea ,, realised that distance is nothing to talk about in spore , compared to other bigger countries.. and have posted on many occasions stating this fact ..
i believe they have succeeded in educating sporeans that 45 mins MRT ride is norm outside spore ... hence the willingness to pay up in area out OCR (D9-11)
singapore is really small. before you can even sprint your car, chances are you've arrived at your exit on the expressway.
anyway, back to minton, wonder how many units they'll be selling this weekend?
exactly my point. how would Beyonce (if she thinks of migrating to singapore) ever see herself mingling with the crass hdb upgraders in Northoaks when a condo like Ardmore would be more befitting of her status. likewise it would be absurd for ardmore to fall to 1.5k psf which will cause flocks of hdb upgraders to move into the prime districts to spoil the image of prime condo. There has to be a differentiation for the rich and the rich wont mind paying millions just to steer clear of the hdb upgraders.
Originally Posted by august
With so many MM, upgraders already in prime district. Even in prime district, people differentiate themselve between the MM and luxury development. To the rich, they even distinguish them by the family name.. no end to "class" comparison.
The guy enjoys putting down people I suppose.
Note that this is very different from having a contrary/different/alternative points of view/perspective/experience to share, which may be of great benefit for discussion/debate and consideration, which I think what a good forum should be.
Originally Posted by stalingrad
I stay in suburbs in a $550psf condo. I also hope what you say will come true. But I can only say that if my condo go up to $1,000psf and Orchard go down to $2000psf, I will shift immediately to a condo half the size in Orchard.Originally Posted by stalingrad
Bro, penny stock will always be penny stock, blue chip will always be blue chip. Its not just the amenities, its the prestige and distance from "town". Things like good-paying jobs, happening nightspots, high end shopping, fine dining will mostly be congregated in "town"
been a while since i last stepped into any showroom, gonna go have a look and see what's the draw with this one.