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

  1. #4081
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    Quote Originally Posted by teddybear View Post
    Ha ha ha! Freehold CCR cheaper than 99-year Leasehold OCR!
    Wonder who are the goondu still buying 99-year OCR at near that kind of price?

    Singapore is equalizing. Ignore the fact at your own peril.

  2. #4082
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    Even if Singapore is equalising (which fact shows it won't, just like London), You go calculate perpetual rental cash flow for FreeHold property vs 99 years only rental cash flow for 99-years Leasehold property and you tell me their present value is the same?

    Shame on you stalingrad! How you become an economics professor? You cheated NUS with your sham PhD degree certificate???

    Quote Originally Posted by stalingrad View Post
    Singapore is equalizing. Ignore the fact at your own peril.

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    Cuscaden Royale

    Sold 23 JUN 2016 5 CUSCADEN WALK #XX-XX 936sq ft 2,349psf
    Bought 7 JUN 2007 2,563psf

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    Another pair of transactions at nassim park, 1 loss and 1 gross 1.6% gain.

    Sold 20 JUN 2016 21 NASSIM ROAD #XX-XX 3,477sq ft 3,451psf
    Bought 18 JUL 2011 3,642psf

    Sold 20 JUN 2016 21 NASSIM ROAD #XX-XX 3,477sq ft 3,523psf
    Bought 7 JAN 2011 3,469psf

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    The Clift

    Sold 28 JUN 2016 21 MCCALLUM STREET #XX-XX 775sq ft 1,742psf
    Bought 4 JAN 2008 2,194psf

  6. #4086
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    the expected Turquoise

    Sold 23 JUN 2016 55 COVE DRIVE #XX-XX 2,777sq ft 1,368psf
    Bought 15 NOV 2007 2,580psf

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    Quote Originally Posted by stalingrad View Post
    Singapore is equalizing. Ignore the fact at your own peril.
    As you are so fascinated by the term "equalizing", I just wonder if you have ever seen it happened in any city of reasonable size in population and area before?

  8. #4088
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    http://www.travelersdigest.com/7390-...don-hong-kong/

    To be honest, I doubt it will fully equalize or even equalize further. The current gap between the regions is likely to be maintained IMO.


    Quote Originally Posted by Spincity1 View Post
    As you are so fascinated by the term "equalizing", I just wonder if you have ever seen it happened in any city of reasonable size in population and area before?
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  9. #4089
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    In London, CCR : OCR ratio can be as much as 10:1.
    In New York, CCR : OCR ratio can be >4:1........
    If we are to compare to them, so we can also expect Singapore's CCR : OCR ratio to be >4:1 in the long term?

    Quote Originally Posted by Kelonguni View Post
    http://www.travelersdigest.com/7390-...don-hong-kong/

    To be honest, I doubt it will fully equalize or even equalize further. The current gap between the regions is likely to be maintained IMO.

  10. #4090
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    Quote Originally Posted by teddybear View Post
    In London, CCR : OCR ratio can be as much as 10:1.
    In New York, CCR : OCR ratio can be >4:1........
    If we are to compare to them, so we can also expect Singapore's CCR : OCR ratio to be >4:1 in the long term?
    It was at some juncture. But let me bring you back to reality with the draconian cooling measures. Another severe dampener is the HDB.

    Due to these two major areas, I think it will already be excellent if CCR:OCR ratio is between 2 to 2.5.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

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    The Paterson

    Sold 5 JUL 2016 63 PATERSON ROAD #XX-XX 1,313sq ft 1,820psf
    Bought 16 AUG 2010 1,927psf

    4th loss in a row but all the buying has so far taken place at 18xxpsf. seems to have found support.

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    Starlight Suites

    Sold 1 JUL 2016 11 RIVER VALLEY CLOSE #XX-XX 1,076sq ft 1,839psf
    Bought 16 NOV 2010 2,033psf

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    Quote Originally Posted by teddybear View Post
    In London, CCR : OCR ratio can be as much as 10:1.
    In New York, CCR : OCR ratio can be >4:1........
    If we are to compare to them, so we can also expect Singapore's CCR : OCR ratio to be >4:1 in the long term?
    I am not an expert on London, but I suspect that London's CCR is about the size or bigger than the whole island of Singapore.

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    https://www.google.com.sg/#q=london+size 1,572 km²

    Area: 1,572 km²
    Population: 8.674 million (2015)

    https://www.google.com.sg/#q=singapore+size 719.1 km²

    Area: 719.1 km²
    Dialing code: +65
    Population: 5.399 million (2013) World Bank

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    Trilight

    Sold 11 JUL 2016 9 NEWTON ROAD #XX-XX 2,099sq ft 1,691psf
    Bought 1 APR 2011 1,810psf

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    The Glyndebourne

    Sold 20 JUN 2016 38 TREVOSE CRESCENT #XX-XX 1,475sq ft 1,817psf
    Bought 24 NOV 2010 2,240psf

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    JARDIN 966 Dunearn Road #05-08 158 2588000 1522 08-Jul-2016 21 Freehold 2012 Resale Condominium Strata 1
    JARDIN 966 Dunearn Road #05-08 158 3146850 1850 22-Feb-2013 21 Freehold 2012 Resale Condominium Strata 1

    18% loss
    The most successful investors are defined by their actions in a bear market, not a bull market.

  18. #4098
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    Quote Originally Posted by wannabe View Post
    JARDIN 966 Dunearn Road #05-08 158 2588000 1522 08-Jul-2016 21 Freehold 2012 Resale Condominium Strata 1
    JARDIN 966 Dunearn Road #05-08 158 3146850 1850 22-Feb-2013 21 Freehold 2012 Resale Condominium Strata 1

    18% loss
    jardin RCR?

  19. #4099
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    Quote Originally Posted by bargain hunter View Post
    jardin RCR?
    opps
    The most successful investors are defined by their actions in a bear market, not a bull market.

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    Sold 14 JUL 2016 116 KIM SENG ROAD #XX-XX 1,798sq ft 1,780psf
    Bought 1 SEP 2011 2,035psf

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    Quote Originally Posted by bargain hunter View Post
    The Glyndebourne

    Sold 20 JUN 2016 38 TREVOSE CRESCENT #XX-XX 1,475sq ft 1,817psf
    Bought 24 NOV 2010 2,240psf
    Hands down the most pretentiously named project.

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    Has anyone lost money on Verdure? We passed by this condo almost daily.

  23. #4103
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    Quote Originally Posted by stalingrad View Post
    Has anyone lost money on Verdure? We passed by this condo almost daily.
    Verdure was launched at 2009 lows so i think there will be less losses coming out from there.

  24. #4104
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    Quote Originally Posted by bargain hunter View Post
    Verdure was launched at 2009 lows so i think there will be less losses coming out from there.
    We went to see units at this project. If I remember correctly, the per square foot price was roughly $2,000-$2,100. You are right, it is not that expensive. But the project is so close the road that some units were no more than 10 feet from the edge of the road. Asked the agent whether it would be noisy, the reply was indeed it would be but the developer used double glazed windows to reduce noise. Asked the agent what would happen if lousy drivers crashed the car into the bedroom. She couldn't answer.

    The point is at $2 million, you could live in a mansion in the most comfortable environs in North America. But in Singapore, you live on edge.

  25. #4105
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    Quote Originally Posted by stalingrad View Post
    We went to see units at this project. If I remember correctly, the per square foot price was roughly $2,000-$2,100. You are right, it is not that expensive. But the project is so close the road that some units were no more than 10 feet from the edge of the road. Asked the agent whether it would be noisy, the reply was indeed it would be but the developer used double glazed windows to reduce noise. Asked the agent what would happen if lousy drivers crashed the car into the bedroom. She couldn't answer.

    The point is at $2 million, you could live in a mansion in the most comfortable environs in North America. But in Singapore, you live on edge.
    think u r mistaken. at launch in may 2009, it was 1179 to 1550psf for units launched and caveats lodged. the project peaked at 1953psf in 2013 and has never touched 2000psf before. may 2016 transaction at 1751psf still exceeds the highest new sale psf recorded at 1651psf in jun 2009.

    agree with u that its very close to the road and the project is still not attractive at 1751psf.

  26. #4106
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    Quote Originally Posted by bargain hunter View Post
    think u r mistaken. at launch in may 2009, it was 1179 to 1550psf for units launched and caveats lodged. the project peaked at 1953psf in 2013 and has never touched 2000psf before. may 2016 transaction at 1751psf still exceeds the highest new sale psf recorded at 1651psf in jun 2009.

    agree with u that its very close to the road and the project is still not attractive at 1751psf.
    Read in the news that the ill-gotten money that Indonesians have parked in Singapore for tax dodging purposes may be going home on account of a tax amnesty program. If a large portion of the dirty money indeed goes home, expect this project to hit $800 psf and Rivergate to hit $1,000. But I don't expect this to happen. Indonesian businessmen would continue to park their ill-gotten money in Singapore.

  27. #4107
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    If Rivergate hit $1000 psf, Crapbelle will hit $500 psf again? Oh no no!!!!!!!!!

    Quote Originally Posted by stalingrad View Post
    Read in the news that the ill-gotten money that Indonesians have parked in Singapore for tax dodging purposes may be going home on account of a tax amnesty program. If a large portion of the dirty money indeed goes home, expect this project to hit $800 psf and Rivergate to hit $1,000. But I don't expect this to happen. Indonesian businessmen would continue to park their ill-gotten money in Singapore.

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    Quote Originally Posted by teddybear View Post
    If Rivergate hit $1000 psf, Crapbelle will hit $500 psf again? Oh no no!!!!!!!!!

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    Quote Originally Posted by teddybear View Post
    If Rivergate hit $1000 psf, Crapbelle will hit $500 psf again? Oh no no!!!!!!!!!
    Not going to happen, as I said. Singapore has been and will continue to be a haven for corrupt businessmen of China and Indonesia, and perhaps even Vietnam and Thailand. When MAS says that it is against money laundering, I seriously doubt it means it.

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    Quote Originally Posted by stalingrad View Post
    Not going to happen, as I said. Singapore has been and will continue to be a haven for corrupt businessmen of China and Indonesia, and perhaps even Vietnam and Thailand. When MAS says that it is against money laundering, I seriously doubt it means it.
    Of course MAS means it. But rhetoric and execution are two different matters.

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