A few CCR transactions sold at a loss (reported in The Edge)

[challenger]

icon also can lose so much?

Sold 10 MAR 2016 10 GOPENG STREET #XX-XX 1,001sq ft 1,538psf
Bought 14 FEB 2008 2,177psf

Amazing. Very high floor.

[bargain hunter]

Hi BH,

There was a group of investors who bulk bought into the project at around $1300 during GFC. I don't think that the caveats were lodged.

i remember:

http://albk2009.blogspot.sg/2009/05/...-units-at.html

fernhill residences

http://www.lushhomemedia.com/manage_...es-units-sold/

peter lim buying 20 units of sui generis at 1935psf.

but orange grove residences was launched and fully sold in late 2006 and early 2007. there shouldn't be any investors who managed to bulk buy from individual owners at 1300psf during GFC?

[bargain hunter]

Belle Vue

Sold 11 APR 2016 23 OXLEY WALK #XX-XX 2,713sq ft 1,784psf
Bought 25 AUG 2009 1,891psf

[wannabe]

Belle Vue

Sold 11 APR 2016 23 OXLEY WALK #XX-XX 2,713sq ft 1,784psf
Bought 25 AUG 2009 1,891psf

Soon there will be some CCR MMs posting losses.

[bargain hunter]

Soon there will be some CCR MMs posting losses.

there may be but too many transactions for me to track haha.

[wannabe]

there may be but too many transactions for me to track haha.

Bro, no worries... will help out.... LOL
Soon CCR MMs will be selling at RCR MM prices....

[bargain hunter]

Bro, no worries... will help out.... LOL
Soon CCR MMs will be selling at RCR MM prices....

at the risk of sounding like teddy,

and RCR MM will be selling at OCR prices?

[teddybear]

Risky yes!

But should you be bothered for saying what you REALLY think based on the facts and your understanding of the market (just because some people may not be happy because of their self-interest)?

I don't. Time will tell..............

at the risk of sounding like teddy,

and RCR MM will be selling at OCR prices?

[wannabe]

at the risk of sounding like teddy,

and RCR MM will be selling at OCR prices?

This i'm not sure cos i dont track OCR MM prices.
All i can say is its exciting times for CCR properties...
It used to be the large units that are selling at losses.
Soon we MIGHT(most probably) see some CCR MMs losing $ even when their price quantums are not exactly high

[jwong71]

Bro, no worries... will help out.... LOL
Soon CCR MMs will be selling at RCR MM prices....

CCR MMs selling at RCR MM prices,

RCR MMs selling at OCR MM prices,

And OCR MMs selling at 3I hdb price.??

[wannabe]

CCR MMs selling at RCR MM prices,

RCR MMs selling at OCR MM prices,

And OCR MMs selling at 3I hdb price.??

No la... its not the end of the world yet.
But i can see some CCR MMs falling from 2500psf to below 2000psf.
Rents have fallen from a peak of $4k to below $3k.

[bullman]

i remember:

http://albk2009.blogspot.sg/2009/05/...-units-at.html

fernhill residences

http://www.lushhomemedia.com/manage_...es-units-sold/

peter lim buying 20 units of sui generis at 1935psf.

but orange grove residences was launched and fully sold in late 2006 and early 2007. there shouldn't be any investors who managed to bulk buy from individual owners at 1300psf during GFC?

From my understanding, a number of units were returned to the developer. I do not have the exact details as I gave it a pass due to other more exciting prospects that were on "firesale" during the GFC.

[bargain hunter]

From my understanding, a number of units were returned to the developer. I do not have the exact details as I gave it a pass due to other more exciting prospects that were on "firesale" during the GFC.

oh, thanks for info!

[bargain hunter]

LINCOLN SUITES KHIANG GUAN AVENUE Condominium 11 CCR Freehold Resale 1 1,071,000 - 474 Strata 26 to 30 2,261 Apr-16

the lincoln suites MM which bro wannabe viewed has been sold?

[wannabe]

LINCOLN SUITES KHIANG GUAN AVENUE Condominium 11 CCR Freehold Resale 1 1,071,000 - 474 Strata 26 to 30 2,261 Apr-16

the lincoln suites MM which bro wannabe viewed has been sold?

Nope Bro, not this unit.
This one is 26-30th floor.
The one i saw was on the 18th, which was going for much cheaper. According to agent, below $2k psf can close.
Anyway a lot of wastage, not for me.

[bargain hunter]

D'leedon

Sold 30 MAR 2016 13 LEEDON HEIGHTS #XX-XX 635sq ft 1,575psf
Bought 25 MAR 2011 1,589psf

[bargain hunter]

Nope Bro, not this unit.
This one is 26-30th floor.
The one i saw was on the 18th, which was going for much cheaper. According to agent, below $2k psf can close.
Anyway a lot of wastage, not for me.

seems like this unit was sold by developer

[bargain hunter]

The Paterson

Sold 15 APR 2016 63 PATERSON ROAD #XX-XX 1,216sq ft 1,899psf
Bought 11 JAN 2013 2,128psf

[wannabe]

seems like this unit was sold by developer

Might be. heard from agent, developer still has 4 high floor units. this might be one of them.

[bargain hunter]

http://www.propertyguru.com.sg/listi...ell-residences

8 APR 2016 10 FERRELL RESIDENCES 327 BUKIT TIMAH ROAD #XX-XX APARTMENT FREEHOLD 5,608sq ft STRATA 1,070psf $6,000,000

ask 11.8m sold 6m or developer sold to some vehicle at a kelong price?

[thomastansb]

3I Hdb at 2 room HDB
2 room HDB at studio
Studio = free ?

CCR MMs selling at RCR MM prices,

RCR MMs selling at OCR MM prices,

And OCR MMs selling at 3I hdb price.??

[Kelonguni]

Own self sell to own self.

http://www.propertyguru.com.sg/listi...ell-residences

8 APR 2016 10 FERRELL RESIDENCES 327 BUKIT TIMAH ROAD #XX-XX APARTMENT FREEHOLD 5,608sq ft STRATA 1,070psf $6,000,000

ask 11.8m sold 6m or developer sold to some vehicle at a kelong price?

[Kelonguni]

Buy 1 get 1 free.

3I Hdb at 2 room HDB
2 room HDB at studio
Studio = free ?

[wannabe]

http://www.propertyguru.com.sg/listi...ell-residences

8 APR 2016 10 FERRELL RESIDENCES 327 BUKIT TIMAH ROAD #XX-XX APARTMENT FREEHOLD 5,608sq ft STRATA 1,070psf $6,000,000

ask 11.8m sold 6m or developer sold to some vehicle at a kelong price?

almost 50% of asking... damm kelong indeed

[bargain hunter]

almost 50% of asking... damm kelong indeed

they tried to sell it for the longest time at 11.8m with no takers. IRAS not going to ask them if 6m got pple want can sell to them at 6m? else = tax evasion?

[bargain hunter]

OUE TWIN PEAKS LEONIE HILL ROAD Condominium 09 CCR 99 yrs lease commencing from 2010 Resale 1 $1,290,150 - 549sq ft Strata 01 to 05 2,350psf Apr-16

OUE TWIN PEAKS LEONIE HILL ROAD Condominium 09 CCR 99 yrs lease commencing from 2010 Resale 1 $1,262,700 - 549sq ft Strata 01 to 05 2,300psf Apr-16

1st 2 caveats lodged for the latest promotion.

[wannabe]

OUE TWIN PEAKS LEONIE HILL ROAD Condominium 09 CCR 99 yrs lease commencing from 2010 Resale 1 $1,290,150 - 549sq ft Strata 01 to 05 2,350psf Apr-16

OUE TWIN PEAKS LEONIE HILL ROAD Condominium 09 CCR 99 yrs lease commencing from 2010 Resale 1 $1,262,700 - 549sq ft Strata 01 to 05 2,300psf Apr-16

1st 2 caveats lodged for the latest promotion.

wow $2300psf... the quantum slightly exceeds my budget.
No wonder all the agents keep asking me go see see.

[bargain hunter]

wow $2300psf... the quantum slightly exceeds my budget.
No wonder all the agents keep asking me go see see.

there's deferred payment rite? can defer the remaining for 3 years while u collect rent for 3 years? if freehold is not your consideration, seems workable?

[bargain hunter]

111 Emerald Hill


Sold 18 APR 2016 111 EMERALD HILL ROAD #XX-XX 1,970sq ft 2,081psf
Bought 15 FEB 2011 2,602psf

[cartman]

they tried to sell it for the longest time at 11.8m with no takers. IRAS not going to ask them if 6m got pple want can sell to them at 6m? else = tax evasion?

was told need to pay stamp duty based on valuation or purchase price whichever is higher? so if that's the case, iras should be fine if they pay stamp duty based on 11.8m haha