View Full Version : OCR psf is softening
phantom_opera
10-04-12, 13:36
Finally after CM5, we began to see softening of OCR prices especially resales:
SUNHAVEN UPPER CHANGI ROAD EAST Condominium 1 992,000 1,389 Strata 714psf Mar-12
DOUBLE BAY RESIDENCES SIMEI STREET 4 Condominium 1 850,000 926 Strata 918psf Mar-12
WATERFRONT KEY BEDOK RESERVOIR ROAD Condominium 1 835,000 829 Strata 1,007psf Mar-12
EASTPOINT GREEN SIMEI STREET 3 Condominium 1 770,000 958 Strata 804 Mar-12
THE LUXURIE COMPASSVALE ROAD Condominium 1 848,500 797 Strata 1,065psf Mar-12
RIVIERA 38 MAR THOMA ROAD Apartment 1 574,000 549 Strata 1,046psf Mar-12
with flood of OCR condo TOP in 2012 ... further price pressure will emerge with the risk of CM6 making it worse
and if you compare the above, WT SOHO is like the Mount Everest ;)
WATERTOWN PUNGGOL CENTRAL Apartment 1 820,629 603 Strata 1,361psf Mar-12
Finally after CM5, we began to see softening of OCR prices especially resales:
SUNHAVEN UPPER CHANGI ROAD EAST Condominium 1 992,000 1,389 Strata 714psf Mar-12
DOUBLE BAY RESIDENCES SIMEI STREET 4 Condominium 1 850,000 926 Strata 918psf Mar-12
WATERFRONT KEY BEDOK RESERVOIR ROAD Condominium 1 835,000 829 Strata 1,007psf Mar-12
EASTPOINT GREEN SIMEI STREET 3 Condominium 1 770,000 958 Strata 804 Mar-12
THE LUXURIE COMPASSVALE ROAD Condominium 1 848,500 797 Strata 1,065psf Mar-12
RIVIERA 38 MAR THOMA ROAD Apartment 1 574,000 549 Strata 1,046psf Mar-12
with flood of OCR condo TOP in 2012 ... further price pressure will emerge with the risk of CM6 making it worse
and if you compare the above, WT SOHO is like the Mount Everest ;)
WATERTOWN PUNGGOL CENTRAL Apartment 1 820,629 603 Strata 1,361psf Mar-12
Well some say WT is special.. got things the others don't so it will survive!
Finally after CM5, we began to see softening of OCR prices especially resales:
SUNHAVEN UPPER CHANGI ROAD EAST Condominium 1 992,000 1,389 Strata 714psf Mar-12
DOUBLE BAY RESIDENCES SIMEI STREET 4 Condominium 1 850,000 926 Strata 918psf Mar-12
WATERFRONT KEY BEDOK RESERVOIR ROAD Condominium 1 835,000 829 Strata 1,007psf Mar-12
EASTPOINT GREEN SIMEI STREET 3 Condominium 1 770,000 958 Strata 804 Mar-12
THE LUXURIE COMPASSVALE ROAD Condominium 1 848,500 797 Strata 1,065psf Mar-12
RIVIERA 38 MAR THOMA ROAD Apartment 1 574,000 549 Strata 1,046psf Mar-12
with flood of OCR condo TOP in 2012 ... further price pressure will emerge with the risk of CM6 making it worse
and if you compare the above, WT SOHO is like the Mount Everest ;)
WATERTOWN PUNGGOL CENTRAL Apartment 1 820,629 603 Strata 1,361psf Mar-12Softening? Didn't keep track of all the above mentioned condo prices these past months so can't really comment but WT is not really softening leh... Luxurie also like sama sama as 2 months back...
Hard to say....they could be unattractive units being off-loaded (?poor facing, inauspicious number, etc).
phantom_opera
10-04-12, 14:23
Softening only mah ... not crash like Mr B said... super low volume in resale market :(
Softening only mah ... not crash like Mr B said... super low volume in resale market :(So is Mr B still inside his little bubble??? Haven't been following that thread...:p The impending North Korea tension might spark a fresh round of arguments about the economy though! ... :scared-3:
Wild Falcon
10-04-12, 14:58
Singapore new launch recently has commanded huge premium one mah. Gardens at Bishan latest transaction 790psf. Thomson Grand 1400psf. I guess the premium for "new" is now at all time high. Resale all around is not doing too well. Don't think there will be CM6. CM6 maybe should target new sales.
Singapore new launch recently has commanded huge premium one mah. Gardens at Bishan latest transaction 790psf. Thomson Grand 1400psf. I guess the premium for "new" is now at all time high. Resale all around is not doing too well. Don't think there will be CM6. CM6 maybe should target new sales.CM6 should target developers... the only sacred party not touched yet... :sleep:
Well some say WT is special.. got things the others don't so it will survive!
Ya the area attracting the next wave of suicides.....
Singapore new launch recently has commanded huge premium one mah. Gardens at Bishan latest transaction 790psf. Thomson Grand 1400psf. I guess the premium for "new" is now at all time high. Resale all around is not doing too well. Don't think there will be CM6. CM6 maybe should target new sales.
New sale or resale, dun wait till CM6 to happen, if you plan to buy then select and research carefully. Once CM6 happen (if it happens) it will be too late to do anything.
Softening? Didn't keep track of all the above mentioned condo prices these past months so can't really comment but WT is not really softening leh... Luxurie also like sama sama as 2 months back...
softening meh? Still far from it lar much less about prices dropping :)
Singapore new launch recently has commanded huge premium one mah. Gardens at Bishan latest transaction 790psf. Thomson Grand 1400psf
Gardens at Bishan at $790 psf in 2012! I find this hard to believe.
Gardens at Bishan at $790 psf in 2012! I find this hard to believe.
That's a ground floor unit if i'm not mistaken.
a lot of people are holding. cos it's painless to hold for many. resale price soften a little but simply won't move. i suspect this will go on i.e. sideways for the next 2 years or so. just up the interest rates back to 3% and let's see how many people start to unload.
If you have been making offers (whether in OCR or CCR resale), you will realise it is a stalemate for majority of the time. Only the bigger quantum ones and in some situations owners need to sell, the prices may be softer. All the potential bad news and CMs have already been factored in currently, so unless new events unfold, looks like sideways with minor fluctuations in the short term.
Allthepies
10-04-12, 20:44
the only effective CM to bring about a collapse in property prices will be CM#N, CM#N is not a cooling measure, its more a counter measure: CM#N all cooling measures removed with immediate effect. during this period bank unwillingly to lend and not willingly to match valuation.those poor buyers hoping to grab realise they need to fork out large amt of COV, price is cheap but still cant grab due to larger amt of upfront cash, LPPL;)
the only effective CM to bring about a collapse in property prices will be CM#N, CM#N is not a cooling measure, its more a counter measure: CM#N all cooling measures removed with immediate effect. during this period bank unwillingly to lend and not willingly to match valuation.those poor buyers hoping to grab realise they need to fork out large amt of COV, price is cheap but still cant grab due to larger amt of upfront cash, LPPL;)
how will this proposed measure collapse the market?
That's a ground floor unit if i'm not mistaken.
PES/Pent house compared against $1400 psf Thomson Grand? That's weird...
you can never compare PES / Pent House units against normal units.
Freehold clustered even cheaper than. $6-700 psf only :D
CM6 should target developers... the only sacred party not touched yet... :sleep:
Anything that makes the costs up for the developers will most likely to be passed down to the buyers... just like anything else we buy
Singapore new launch recently has commanded huge premium one mah. Gardens at Bishan latest transaction 790psf. Thomson Grand 1400psf. I guess the premium for "new" is now at all time high. Resale all around is not doing too well. Don't think there will be CM6. CM6 maybe should target new sales.
imo the two is not comparable. Gardens' quality is bad. also the landscape with a road going round is the worst thing to have. On the other hand TG's price is rather too far off, unless high floor unblocked with view.:D
imo the two is not comparable. Gardens' quality is bad. also the landscape with a road going round is the worst thing to have. On the other hand TG's price is rather too far off, unless high floor unblocked with view.:D
gardens is an old project, how do you gauge it's quality given it's an old project?
I understand some developers r waiting for the response to Bishan's Sky Habitat launch, then consider raising the price.
gardens is an old project, how do you gauge it's quality given it's an old project?
taking into account it's only about 7 years...in rather bad condition already:D
imo the two is not comparable. Gardens' quality is bad. also the landscape with a road going round is the worst thing to have. On the other hand TG's price is rather too far off, unless high floor unblocked with view.:D
Gardens at Bishan and Thomson Grand are both RCR properties. How did they end up in this OCR discussion :)
Actually in my opinion, Thomson Grand will look weird out of place in this area with their glass facade and the top of their towers looking like those buildings in MBFC. Feels like living in a CBD office. :tsk-tsk:
Or maybe Cheung Kong try to cut cost by re-using their facade design plan from their earlier project in MBFC :D
personal opinion only, maybe others like it. :D
Allthepies
10-04-12, 22:24
how will this proposed measure collapse the market?
The market crashes first, then this CM will be announced to remove all other CMs. Basically CMs are not going to crash the market, instead the market crashes because of external global situation.
Ya the area attracting the next wave of suicides.....
Ya u smart ass.....
The market crashes first, then this CM will be announced to remove all other CMs. Basically CMs are not going to crash the market, instead the market crashes because of external global situation.
Like in the previous cycles? Too predictable! Prices are likely to hold and trend sideways. This time it will be different....:rolleyes:
taking into account it's only about 7 years...in rather bad condition already:D
Probably because of the 700+ units. But the condo across the road is worse...:doh:
i would equate your term 'softening' as stablizing, rather than dropping. HDB in bishan being sold off at $900k and a not-yet-privatized HUDC transacting at $1.17m!!!! :scared-5:
Price gap of central and suburban homes narrows
by Wong Siew Ying
04:45 AM Apr 11, 2012
SINGAPORE - The gap in prices of private homes in and outside of the core
central region (CCR) is narrowing, according to property consultants Jones
Lang LaSalle.
In the first quarter of this year, the gap in median prices between private
homes outside the central region (OCR) and those within the CCR was 63 per
cent, the lowest in more than seven years.
This is down from 94 per cent in the first quarter of last year, and a far
cry from the record 158 per cent registered in the fourth quarter of 2007.
Prices of homes in the mass market, or those outside the central region,
have picked up at a much faster pace than those within the CCR, Jones Lang
LaSalle said, citing the strong demand for smaller apartments.
In the second quarter of last year, the median price of homes in the CCR was
S$1,858 psf while OCR homes went for S$895 psf.
In the first quarter of this year, home prices in the CCR fell to S$1,663
psf while that for OCR homes rose to S$1,019 psf.
If this trend continues, said Mr Chua Yang Liang, head of research at Jones
Lang LaSalle, homebuyers may increasingly choose prime districts over the
suburbs.
"At that point in time, buyers will wonder why buy in the suburbs when, for
just a bit more, they can buy somewhere downtown," he added.
Analysts expect more than 6,000 new private homes were sold in the first
quarter of this year, most of which were in the mass market segment.
Singapore is really too small and with the push by government to spread out development across the whole island, IMO sooner or later there is no rcr or OCR or central. prices will converge?:rolleyes:
Wild Falcon
11-04-12, 10:22
Singaporeans taste: All Glass = Nice. No kidding. Everytime people see those older condos with brick and mortar with rounded edges without glass box look they will say ugly. So to cater to Singaporeans taste. Doesn't matter blend into environment or not.
All glass can cut cost and please Singaporeans. Construction so easy. Just build up the base and then glass with silicon surrounding the building. Frankly I think these all-glass building won't last very long.
Gardens at Bishan and Thomson Grand are both RCR properties. How did they end up in this OCR discussion :)
Actually in my opinion, Thomson Grand will look weird out of place in this area with their glass facade and the top of their towers looking like those buildings in MBFC. Feels like living in a CBD office. :tsk-tsk:
Or maybe Cheung Kong try to cut cost by re-using their facade design plan from their earlier project in MBFC :D
personal opinion only, maybe others like it. :D
phantom_opera
11-04-12, 10:35
Little wonder that new 99LH quickly go out of fashion after a few years ... :doh:
Finally after CM5, we began to see softening of OCR prices especially resales:
SUNHAVEN UPPER CHANGI ROAD EAST Condominium 1 992,000 1,389 Strata 714psf Mar-12
DOUBLE BAY RESIDENCES SIMEI STREET 4 Condominium 1 850,000 926 Strata 918psf Mar-12
WATERFRONT KEY BEDOK RESERVOIR ROAD Condominium 1 835,000 829 Strata 1,007psf Mar-12
EASTPOINT GREEN SIMEI STREET 3 Condominium 1 770,000 958 Strata 804 Mar-12
THE LUXURIE COMPASSVALE ROAD Condominium 1 848,500 797 Strata 1,065psf Mar-12
RIVIERA 38 MAR THOMA ROAD Apartment 1 574,000 549 Strata 1,046psf Mar-12
with flood of OCR condo TOP in 2012 ... further price pressure will emerge with the risk of CM6 making it worse
and if you compare the above, WT SOHO is like the Mount Everest ;)
WATERTOWN PUNGGOL CENTRAL Apartment 1 820,629 603 Strata 1,361psf Mar-12
so you shouted here property down....then shout cheong up in my thread....
irresponsible liar huh....2 heads snake.....:D:D:D:D:D:D:D:D:D
Singaporeans taste: All Glass = Nice. No kidding. Everytime people see those older condos with brick and mortar with rounded edges without glass box look they will say ugly. So to cater to Singaporeans taste. Doesn't matter blend into environment or not.
All glass can cut cost and please Singaporeans. Construction so easy. Just build up the base and then glass with silicon surrounding the building. Frankly I think these all-glass building won't last very long.
Glass is nice to look at but very difficult to keep clean. A lot of window cleaning by your domestic helper. Also remember that the West facing units will become a GIANT glass house in the afternoon, letting the heat come in easily and being retained by the glass structure. That is how they keep plants warm in the temperate climates in winter.
Little wonder that new 99LH quickly go out of fashion after a few years ... :doh:
That's why I despair for the future of 99LH and especially those devts with mainly MMs who do not have resident owners to stand up for the maintenance issues at the AGMs. Without good maintenance, they will become run down v. quickly.
Powered by vBulletin® Version 4.2.2 Copyright © 2024 vBulletin Solutions, Inc. All rights reserved.