#1 suites at $390K??

[princess_morbucks]

http://www.propertyguru.com.sg/listing/17965438/for-sale-1-suites-one-suites-

Real or not??

[jwong71]

3 months ago, was @ 450k..

the catch: you can't do anything to your property for the 1st 8 years,however still need to pay maintenance and mortgages.
It will be under developer management, for rental..

after 8 years then its back to you, rent or own stay..

So if 450k 3 months ago, now cheaper la..

[princess_morbucks]

3 months ago, was @ 450k..

the catch: you can't do anything to your property for the 1st 8 years,however still need to pay maintenance and mortgages.
It will be under developer management, for rental..

after 8 years then its back to you, rent or own stay..

So if 450k 3 months ago, now cheaper la..

So that was the package?
Discounted price but for 8 years it will tenanted out?

What if the developer can't find tenants?
Is the rental guaranteed by the developer?

[jwong71]

its confusing, takes time digest.

lodged price 640k, loan 50% only around 320k…
developer either minus (or in a way help you to pump 160k), + you top up 160k for down..
320+160=480k your purchase price.

however 1st 8 years, rental belongs to developer, even if developer can't find tenants not our business..!!!
only the maintenance fee, and mortgage belong to you.. to pay regardless the 1st 8 years..

after 8th years, you are freed from developer..

gotta it..?

[jwong71]

wonder how many unsold units..??

to lelong like this

[princess_morbucks]

its confusing, takes time digest.

lodged price 640k, loan 50% only around 320k…
developer either minus (or in a way help you to pump 160k), + you top up 160k for down..
320+160=480k your purchase price.

however 1st 8 years, rental belongs to developer, even if developer can't find tenants not our business..!!!
only the maintenance fee, and mortgage belong to you.. to pay regardless the 1st 8 years..

after 8th years, you are freed from developer..

gotta it..?

Thanks for the explanation.

Saw this ad :

http://www.propertyguru.com.sg/listing/16123987/for-sale-1-suites-one-suites-

It says " discount 10% or 2 years rental guarantee 10% per year ".

[jwong71]

You can check and confirm again

My agent checked it out on behalf months ago

[princess_morbucks]

wonder how many unsold units..??

to lelong like this

Saw on URA website :

Total no of units : 112
As of Dec 2014- 58 units sold, 54 unsold.

[Regulators]

This Shirley agent has violated the code of conduct for advertising by putting up a bogus ad. Anyone care to complain to CEA?


http://www.propertyguru.com.sg/listing/17965438/for-sale-1-suites-one-suites-

Real or not??

[princess_morbucks]

This Shirley agent has violated the code of conduct for advertising by putting up a bogus ad. Anyone care to complain to CEA?

Advertise so many times somemore.


http://www.propertyguru.com.sg/singapore-property-listing?listing_type=sale&search_type=property&property_id=21644&interest=&distance=1&property_type=N&freetext=&districts%5B%5D=&hdb_estate=&maxprice=&maxbed=&minbed=&minsize=&searchbtn=Search

The ad said 9% discount plus special scheme...perhaps the one which jwong71 mentioned.
So mabbe after that, the nett price is $390K?

[princess_morbucks]

http://www.propertyguru.com.sg/listing/17194828/for-sale-1-suites-one-suites-

Jen Loy also advertising about the same price.

[Regulators]

This kind of agent really no shame.


Advertise so many times somemore.


http://www.propertyguru.com.sg/singapore-property-listing?listing_type=sale&search_type=property&property_id=21644&interest=&distance=1&property_type=N&freetext=&districts%5B%5D=&hdb_estate=&maxprice=&maxbed=&minbed=&minsize=&searchbtn=Search

The ad said 9% discount plus special scheme...perhaps the one which jwong71 mentioned.
So mabbe after that, the nett price is $390K?

[sherlock]

So the $390k will be lodged in the caveat and stamp fees paid is based on transacted price? Won't iras come after them for paying lower stamp fees?

[teddybear]

$6xx psf only? Why so cheap? What is the catch or bogus ad?


Advertise so many times somemore.


http://www.propertyguru.com.sg/singapore-property-listing?listing_type=sale&search_type=property&property_id=21644&interest=&distance=1&property_type=N&freetext=&districts%5B%5D=&hdb_estate=&maxprice=&maxbed=&minbed=&minsize=&searchbtn=Search

The ad said 9% discount plus special scheme...perhaps the one which jwong71 mentioned.
So mabbe after that, the nett price is $390K?

[SQ008]

If I am the developer wont lower the price now since there would no longer be any more new residential properties from lor 4 to 22. In fact, I will raise it back to the original price.

[jwong71]

In fact this project, banks can only loan 50%. Checked with agents alrdy.

Tougher to resale in future. Min down payment 350-400k if selling 700-800k

If layout is nicer, I don't mind. However I don't like the tight walkway to the hall

[litechaser]

In fact this project, banks can only loan 50%. Checked with agents alrdy.

Tougher to resale in future. Min down payment 350-400k if selling 700-800k

If layout is nicer, I don't mind. However I don't like the tight walkway to the hall

hi,

Can ask why only 50% loan ? or is this the norm for Geylang ppties ? Thks.

[jwong71]

Most Geylang even lorongs, up til lorong 30 onwards not affected much