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???
Cuscaden Royale
Sold 23 JUN 2016 5 CUSCADEN WALK #XX-XX 936sq ft 2,349psf
Bought 7 JUN 2007 2,563psf
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
The Clift
Sold 28 JUN 2016 21 MCCALLUM STREET #XX-XX 775sq ft 1,742psf
Bought 4 JAN 2008 2,194psf
the expected Turquoise
Sold 23 JUN 2016 55 COVE DRIVE #XX-XX 2,777sq ft 1,368psf
Bought 15 NOV 2007 2,580psf
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.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
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.
Starlight Suites
Sold 1 JUL 2016 11 RIVER VALLEY CLOSE #XX-XX 1,076sq ft 1,839psf
Bought 16 NOV 2010 2,033psf
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
Trilight
Sold 11 JUL 2016 9 NEWTON ROAD #XX-XX 2,099sq ft 1,691psf
Bought 1 APR 2011 1,810psf
The Glyndebourne
Sold 20 JUN 2016 38 TREVOSE CRESCENT #XX-XX 1,475sq ft 1,817psf
Bought 24 NOV 2010 2,240psf
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.
Sold 14 JUL 2016 116 KIM SENG ROAD #XX-XX 1,798sq ft 1,780psf
Bought 1 SEP 2011 2,035psf
Has anyone lost money on Verdure? We passed by this condo almost daily.
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.
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.