Is buying from subsale a better value proposition?

[groggy]

Given the ever higher launching price by developers, isn't it better to look for subsales which are almost always priced lower? I mean, if we take a long term view, after 10 years, there will not be much difference between 13 yo or 15 yo condos compared to 10 yo old ones, right? Am I correct to view this as a buffer whereby if I invest for the long term, buying subsales seems like a no brainer because even if price corrects 30% to 50%, it is most likely going to go up again and even if it does not go up, the "merging" between the new condo and the old condo pricing means that there is always an UPWARD BIAS for the condos bought from subsale. Thoughts?

[ikan bilis]

some 1 said this in this forum... can't remember who....

when price starts to drop => buy from subsales
when price at bottom => buy from developers
when price going up => buy from resale



... i think sounds very logical... and me wanna add/modify a bit to it ...

when price starts to drop => buy from subsales (firesale)
when price at bottom => buy from auction sales (depressed sale)
when price starts to go up => buy from developers (lelong sale)
when price going up quite sometime liow => buy from resale (laggard sale)

:rolleyes:

[devilplate]

some 1 said this in this forum... can't remember who....

when price starts to drop => buy from subsales
when price at bottom => buy from developers
when price going up => buy from resale



... i think sounds very logical... and me wanna add/modify a bit to it ...

when price starts to drop => buy from subsales (firesale)
when price at bottom => buy from auction sales (depressed sale)
when price starts to go up => buy from developers (lelong sale)
when price going up quite sometime liow => buy from resale (laggard sale)

:rolleyes:
px starts to drop---DONT BUY, watch show
px drop and hit ur target--buy subsale/resale also can consider
px starts to rise--buy from developer
px gg up quite a while oredi--start deleveraging and rebalance ur portfolio

[ikan bilis]

px starts to drop---DONT BUY, watch show
px drop and hit ur target--buy subsale/resale also can consider
px starts to rise--buy from developer
px gg up quite a while oredi--start deleveraging and rebalance ur portfolio

bro... you dun anyhow teach hor.. people need a home to stay hor... not like you, need few homes to fry... :tsk-tsk:

[devilplate]

bro... you dun anyhow teach hor.. people need a home to stay hor... not like you, need few homes to fry... :tsk-tsk:
urs also from investment point of view wat

if buy for own stay....BUY as long u can afford and u love it(buy resale better)

[gn108]

After hundreds of pages of reading... Basically nonsense - finally something more constructive... good stuff.

Add to your advice...consider trimming position after 3rd CM.
People always don't heed the first 2 CMs.




some 1 said this in this forum... can't remember who....

when price starts to drop => buy from subsales
when price at bottom => buy from developers
when price going up => buy from resale



... i think sounds very logical... and me wanna add/modify a bit to it ...

when price starts to drop => buy from subsales (firesale)
when price at bottom => buy from auction sales (depressed sale)
when price starts to go up => buy from developers (lelong sale)
when price going up quite sometime liow => buy from resale (laggard sale)

:rolleyes:

[ikan bilis]

urs also from investment point of view wat

if buy for own stay....BUY as long u can afford and u love it(buy resale better)


no lah.... it only indicate when you die die have to get 1 at "certain" time, cannot wait... then get from the "correct source" that gives you better margin....


the other time foumer-graveyard also search for some very low end housing for his foreigner friend, may be TS could check with him also...

http://forums.condosingapore.com/showthread.php?t=12441

http://forums.condosingapore.com/showthread.php?t=11777

[devilplate]

no lah.... it only indicate when you die die have to get 1 at "certain" time, cannot wait... then get from the "correct source" that gives you better margin....


the other time foumer-graveyard also search for some very low end housing for his foreigner friend, may be TS could check with him also...

http://forums.condosingapore.com/showthread.php?t=12441
actually buy for own stay, surely buy resale(ready to move in)

those who bot from developer and claimed they r buying for own stay usually tcss.....unless they r looking to upgrade and not in a hurry

[ikan bilis]

actually buy for own stay, surely buy resale(ready to move in)

those who bot from developer and claimed they r buying for own stay usually tcss.....unless they r looking to upgrade and not in a hurry

alamak... you think every1 so loaded like you 1 arh??... :banghead:

sometimes may be has budget limit issues or do not want to get tied down with too much risks/commitment so may be need to get an MM... resale how to find MM lah...very limited choice... :tsk-tsk:

[devilplate]

alamak... you think every1 so loaded like you 1 arh??... :banghead:

sometimes may be has budget limit issues or do not want to get tied down with too much risks/commitment so may be need to get an MM... resale how to find MM lah...very limited choice... :tsk-tsk:
wah lau....y bring up the minority MM home buyers to justify ur statement?

[phantom_opera]

because of cm5, new sales in 2012 from those new land bids (it has begun with Palette undercutting Livia/NV and the new Punggol land undercutting ATT/Watertown/Luxurie) could be cheaper than subsale or resale ... ke ke ke ke

agree with DP, price falling dun buy ... you may get killed by falling knife

[ysyap]

when price starts to drop => buy from subsales (firesale)
when price at bottom => buy from auction sales (depressed sale)
when price starts to go up => buy from developers (lelong sale)
when price going up quite sometime liow => buy from resale (laggard sale)

:rolleyes:Why is there lelong sale from developer when price starts to go up? :confused:

[ikan bilis]

Why is there lelong sale from developer when price starts to go up? :confused:

sorry lah... entered wrongly... paiseh... :doh:

when price starts to drop => buy from subsales (firesale)
when price at bottom => buy from auction sales (lelong sale)
when price starts to go up => buy from developers (depressed sale)
when price going up quite sometime liow => buy from resale (laggard sale)

[ysyap]

Just have sufficient cash when buying resale when prices have gone up by some time. Reno cost can set one back by $80k to $100k, depending on the condition of the unit.. Lol! :sleep:

[devilplate]

sorry lah... entered wrongly... paiseh... :doh:

when price starts to drop => buy from subsales (firesale)
when price at bottom => buy from auction sales (lelong sale)
when price starts to go up => buy from developers (depressed sale)
when price going up quite sometime liow => buy from resale (laggard sale)
hf u been to auction sale during early 09?

its not cheap at all

[gn108]

agree - went for one thinking can snag a deal but the final bid was market price...lol...but good experiece.


hf u been to auction sale during early 09?

its not cheap at all

[gn108]

Sorry but I just want a guide...say 80k for how big a unit?
Last time I did reno was years back ...so I want to get a sense PSF.
I know materials play a big part - but say normal owner-occupier standard finishing.


Just have sufficient cash when buying resale when prices have gone up by some time. Reno cost can set one back by $80k to $100k, depending on the condition of the unit.. Lol! :sleep:

[devilplate]

Sorry but I just want a guide...say 80k for how big a unit?
Last time I did reno was years back ...so I want to get a sense PSF.
I know materials play a big part - but say normal owner-occupier standard finishing.
3bdr 1200sqft, 50k more den enuff.....

[gn108]

Thanks for this.
Does this include new air-con compressors and kitchen cabinets and wardrobes?

So ard $40 psf.


3bdr 1200sqft, 50k more den enuff.....

[devilplate]

Thanks for this.
Does this include new air-con compressors and kitchen cabinets and wardrobes?

So ard $40 psf.
everything

rewiring etc

but u must DIY.....get ur own contractors

[gn108]

Yup - thanks for this...


everything

rewiring etc

but u must DIY.....get ur own contractors

[DC33_2008]

Auction sale should gather steam when there is retrenchment next year.
hf u been to auction sale during early 09?

its not cheap at all

[ysyap]

Auction sale should gather steam when there is retrenchment next year.No chance to land an deal in auction sale lah... bank employees will get it first... Lol! Even firesales already quite difficult coz agents will snatch up first... :doh:

[devilplate]

No chance to land an deal in auction sale lah... bank employees will get it first... Lol! Even firesales already quite difficult coz agents will snatch up first... :doh:
Auction sales bullshyt one....

I offer a unit and no one else offer....aso reject my bid.....bank reserve px higher den other subsale.....LOL

[hyenergix]

Auction sales bullshyt one....

I offer a unit and no one else offer....aso reject my bid.....bank reserve px higher den other subsale.....LOL

After rejecting your bid, a kind bank employee may decide to offer $1 more than you to close the deal as the bank knows how desperate the owner is.

[ysyap]

Auction sales bullshyt one....

I offer a unit and no one else offer....aso reject my bid.....bank reserve px higher den other subsale.....LOLAny reason given for rejecting your bid?

[devilplate]

Any reason given for rejecting your bid?
below reserve px

[hyenergix]

below reserve px

Who set the reserve price? A bank employee reserved it.

[devilplate]

Who set the reserve price? A bank employee reserved it.

tats y auction sales bullshyt one lor

got 1-2 gd deals la but many vultures trying to outbid each other....eventually not cheap also....wakakakaka

just go auction sales for the experience and dun expect to makan durian

[phantom_opera]

anyone visits The Hillier ... 565k is for SOHO 1br then is quite cheap .. but confusing information all over ... sms said 3% loyalty discount?!