View Full Version : Side effects of CMs
phantom_opera
23-04-12, 11:47
What do you guys think about side effects of CMs (especially CM4/CM5):
1. 10% foreign ABSD depressed the CCR prices
- narrowing gap between OCR, RCR and CCR prices
2. LTV 40%
- It kills the dream of some HDB upgraders to stay in HDB + buy one PC for investment as they cannot afford the LTV40%
- MM market booming due to smaller quantum thus more affordable as investment property
- it gives cash-rich people unfair advantage in property investment??
- It favors purchasing of new PC units as by progressive payment of 40% over 4y
3. 4y SSD
- It favors purchasing of new PC units as by the time TOP, 4y is over??
- Lower interest in old resale units as cannot flip in 4y, after 4y unit becomes too old
Any other side effects?? Really distorted market due to CMs
Floor area getting smaller, wasting FH land. This side effect is permanent until the place being enbloc. :doh:
phantom_opera
23-04-12, 12:16
Compare MeyeRise with Katong Regency, why KR is so hot and MR only manage to clear 50% after 1y??
KR is 1700psf while MR from 1,400psf for west-sun units to > 2000psf for high floor seaview
Looks like CM4/CM5 has major impact on MR but not KR :beats-me-man:
Quantum is the key here??
Or Singaporeans prefer mall + MRT anytime over exclusivity?
no these are all "intended" effects:
shunning out foreigners, yea!
anyone (singaporean) can fulfill a condo dream, yea !
ah gong can sell more land at 800psf yea!
seriously, more new projects sold means the whole construction and related industries can have activities for long time, very good for the economy. at the same time depress the price growth, very voter friendly.
Compare MeyeRise with Katong Regency, why KR is so hot and MR only manage to clear 50% after 1y??
KR is 1700psf while MR from 1,400psf for west-sun units to > 2000psf for high floor seaview
Looks like CM4/CM5 has major impact on MR but not KR :beats-me-man:
Quantum is the key here??
Or Singaporeans prefer mall + MRT anytime over exclusivity?
Comparing MeyeRise and Katong Regency is an interesting one. One is facing the noisy ECP and the other is right in the middle of the cross road junction.
One is in the jewel of Katong and the other is at the Geylang side of "Katong".
Average price for both developments could well be the same but KR is almost sold while MR is only half sold after so many months.
Certainly, MR is more conducive with a Meyer Road address. Quality of finishing for MR is very good compared with KR.
It will be interesting to find out who are buying MR and who are buying KR.
Compare MeyeRise with Katong Regency, why KR is so hot and MR only manage to clear 50% after 1y??
KR is 1700psf while MR from 1,400psf for west-sun units to > 2000psf for high floor seaview
Looks like CM4/CM5 has major impact on MR but not KR :beats-me-man:
Quantum is the key here??
Or Singaporeans prefer mall + MRT anytime over exclusivity?
IMHO,
Meyerise is just another condo with the usual bla bla bla, sea view.etc
There are tons of similar condos like meyerise.
KR is sitting right inside the up coming Paya Lebar Commercial Hub(PLCH), 10 times more attractive to investors and own stay buyers. Mall + MRT + amenities + PLCH beats meyerise hands down. How often do you come across something like KR?
IMHO,
Meyerise is just another condo with the usual bla bla bla, sea view.etc
There are tons of similar condos like meyerise.
KR is sitting right inside the up coming Paya Lebar Commercial Hub(PLCH), 10 times more attractive to investors and own stay buyers. Mall + MRT + amenities + PLCH beats meyerise hands down. How often do you come across something like KR?
The future Paya Lebar Commercial Hub will be similar to today's Tampines Hub or Toad Payoh Hub except the location. Paya Lebar Hub is surrounded by various smaller HDB estates such as Geylang, Haig, MacPherson and Eunos which form the critical mass to support the commercial business hub.
Meyer Road is totally private residential and the jewel of Katong. Obviously, they are apples to oranges. That is why, it is important to know who are the buyers of MR and KR. I bet they are from very different demographic profiles.
... it is important to know who are the buyers of MR and KR. I bet they are from very different demographic profiles.
majorities of MR buyers are from one certain group. I think it's open secret.
phantom_opera
23-04-12, 13:55
majorities of MR buyers are from one certain group. I think it's open secret.
So what u are saying is that this certain group is only buying MR for own stay, not its investment potential?? On the other hand, KR buyers definitely is for investment (similar to Bedok Residences)?
Or is it because due to side effects of CM4/CM5, certain class of investment (small quantum, MRT/mall/development hype) is thus favored??
Note Mr Wee seems to invest heavily in Paya Lebar ... may be he is planning a strategy to corner all buildings around there under UOL
phantom_opera
23-04-12, 13:59
IMHO,
Meyerise is just another condo with the usual bla bla bla, sea view.etc
There are tons of similar condos like meyerise.
KR is sitting right inside the up coming Paya Lebar Commercial Hub(PLCH), 10 times more attractive to investors and own stay buyers. Mall + MRT + amenities + PLCH beats meyerise hands down. How often do you come across something like KR?
Other than singles with lifestyle of visiting Geylang, KR does not seem to be very attractive for own stay right? May be we have too many Singaporean PMET singles already :-)
Luckily UOL didn't have to advertise too aggressively...else it'll be "only 10 mins to heart of city and only 1 MRT stop to the Streets of Geylang" ...:scared-1:
Other than singles with lifestyle of visiting Geylang, KR does not seem to be very attractive for own stay right? May be we have too many Singaporean PMET singles already :-)
majorities of MR buyers are from one certain group. I think it's open secret.
Go deeper and try to understand this so call group of people and others who purchased into MR. I believe they are not your typical heartlanders. They are likely to be professionals or retired professionals or investors who prefer to rent their apartments to these group of people. They do not need an MRT station to be nearby cause they usually drive. They prefer the exclusiveness of the development than the commercialize KR..
phantom_opera
23-04-12, 14:10
Luckily UOL didn't have to advertise too aggressively...else it'll be "only 10 mins to heart of city and only 1 MRT stop to the Streets of Geylang" ...:scared-1:
If I were Pinoy PMETs I might stay here :p
....they prefer the exclusiveness of the development than the commercialize KR..
hmmm just personal opinion.. there is nothing "exclusive" in Meyer road . for this stretch, between ECP and Meyer rd, there are only condos and condos, lots of them some more...
so yes I'm more inclined to agree with phantom_opera's position, that in times like this, investors are focusing now onto developments that are more certain to have dependable yields, be it MRT or mall. Locations that need "exclusive" or "niche" to sell will be hard to find takers.
looking around paya lebar, there is not a single decent condo near MRT. This one has potential. No surprise investors favor this one more.
hmmm just personal opinion.. there is nothing "exclusive" in Meyer road . for this stretch, between ECP and Meyer rd, there are only condos and condos, lots of them some more...
so yes I'm more inclined to agree with phantom_opera's position, that in times like this, investors are focusing now onto developments that are more certain to have dependable yields, be it MRT or mall. Locations that need "exclusive" or "niche" to sell will be hard to find takers.
looking around paya lebar, there is not a single decent condo near MRT. This one has potential. No surprise investors favor this one more.
The issue here is not about exclusiveness. Question is why is this group or others not buying into MR while KR is selling like hot cakes. You seem to have answered them all. Maybe there are still other reasons not known to us. Is this the effects of the past CMs?
The issue here is not about exclusiveness. Question is why is this group or others not buying into MR while KR is selling like hot cakes. You seem to have answered them all. Maybe there are still other reasons not known to us. Is this the effects of the past CMs?
I may offer some answers. This group of people who are likely to buy into MR is likely to be PRs or foreigners. With the CM, the developer turns to locals who are likely to belong to this group of people also. They are probably more well read and traveled and are staying away from the market for now; thus the slow sale.
speculator
23-04-12, 18:55
majorities of MR buyers are from one certain group. I think it's open secret.
Do they also plant only a certain kind of trees. :D
The tree grows around seaside so that they can do certain certain around certain tree :p
Do they also plant only a certain kind of trees. :D
The tree grows around seaside so that they can do certain dance around certain tree :p
Aiyo you guys! This humor is so DARK!!!!!
What do you guys think about side effects of CMs (especially CM4/CM5):
1. 10% foreign ABSD depressed the CCR prices
- narrowing gap between OCR, RCR and CCR prices
2. LTV 40%
- It kills the dream of some HDB upgraders to stay in HDB + buy one PC for investment as they cannot afford the LTV40%
- MM market booming due to smaller quantum thus more affordable as investment property
- it gives cash-rich people unfair advantage in property investment??
- It favors purchasing of new PC units as by progressive payment of 40% over 4y
3. 4y SSD
- It favors purchasing of new PC units as by the time TOP, 4y is over??
- Lower interest in old resale units as cannot flip in 4y, after 4y unit becomes too old
Any other side effects?? Really distorted market due to CMs
U left of the skew towards commercial + residential property as developers can generate more $$ from that.
Also CM is shifting the $ from residential to commercial pushing up business cost. Which have negative effect on the economy.
Compare MeyeRise with Katong Regency, why KR is so hot and MR only manage to clear 50% after 1y??
KR is 1700psf while MR from 1,400psf for west-sun units to > 2000psf for high floor seaview
Looks like CM4/CM5 has major impact on MR but not KR :beats-me-man:
Quantum is the key here??
Or Singaporeans prefer mall + MRT anytime over exclusivity?
Size matters!!!! ;)
IMHO,
Meyerise is just another condo with the usual bla bla bla, sea view.etc
There are tons of similar condos like meyerise.
KR is sitting right inside the up coming Paya Lebar Commercial Hub(PLCH), 10 times more attractive to investors and own stay buyers. Mall + MRT + amenities + PLCH beats meyerise hands down. How often do you come across something like KR?
Isn't there a lot of condo with mall story? Hillsta, WaterTown, Central etc what so special abt them? even condo beside MRT and Mall also a lot. frankly I think they are over rated.
hmmm just personal opinion.. there is nothing "exclusive" in Meyer road . for this stretch, between ECP and Meyer rd, there are only condos and condos, lots of them some more...
so yes I'm more inclined to agree with phantom_opera's position, that in times like this, investors are focusing now onto developments that are more certain to have dependable yields, be it MRT or mall. Locations that need "exclusive" or "niche" to sell will be hard to find takers.
looking around paya lebar, there is not a single decent condo near MRT. This one has potential. No surprise investors favor this one more.
Well maybe when the EL comes up. The rise of the Meyer will happen fast n furious.
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