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Thread: A good way to benchmark RESALE condo market

  1. #1
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    Default A good way to benchmark RESALE condo market

    This is just my 2 METHOD on how i personally check what kind of activity or sentiment there is in any particular development i might be interested in acquiring/viewing/buying....

    Although there could be flaws and imperfections....i find it quite useful...

    Just go to property guru do a search on ""ABC"" condo it will give you breakdown of HOW many units for sale/rental...so for example in a condo with TOTAL 500 units if there are less than 50 for sale/rent...then i think it would be a GOOD investment...but lets say there are 200 units in the market...oops...might be some underlying issues.....

    like i said take it with a pinch of salt,.....but quite interesting the data i get....try it guys....if u got nothing better to do....

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    Quite useless actually.
    For some condo estates, there is more rental activities, and there may be 1 unit advertised by 10 or more agents separately for rent & even sale (even owners' knowledge - the thinking is if they can secure a good offer, investment property owners can be lured into selling at what they deemed as a good price).

    In fact, for some condos with very few advertisements for rental, there is very little rental activities, few agents will even bother to advertise or try to find buyers to co-broke, so they become lousy condos to buy as investment property for rental (most agents can't be bothered to even bring their clients to see that condo because too much efforts to even get to know the estate well and yet too little success).

    Quote Originally Posted by radha08
    This is just my 2 METHOD on how i personally check what kind of activity or sentiment there is in any particular development i might be interested in acquiring/viewing/buying....

    Although there could be flaws and imperfections....i find it quite useful...

    Just go to property guru do a search on ""ABC"" condo it will give you breakdown of HOW many units for sale/rental...so for example in a condo with TOTAL 500 units if there are less than 50 for sale/rent...then i think it would be a GOOD investment...but lets say there are 200 units in the market...oops...might be some underlying issues.....

    like i said take it with a pinch of salt,.....but quite interesting the data i get....try it guys....if u got nothing better to do....

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    Quote Originally Posted by radha08
    This is just my 2 METHOD on how i personally check what kind of activity or sentiment there is in any particular development i might be interested in acquiring/viewing/buying....

    Although there could be flaws and imperfections....i find it quite useful...

    Just go to property guru do a search on ""ABC"" condo it will give you breakdown of HOW many units for sale/rental...so for example in a condo with TOTAL 500 units if there are less than 50 for sale/rent...then i think it would be a GOOD investment...but lets say there are 200 units in the market...oops...might be some underlying issues.....

    like i said take it with a pinch of salt,.....but quite interesting the data i get....try it guys....if u got nothing better to do....
    I think i got better to do than what u have told..tks anyway

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    your method is alright if you are talking about matured developments. if you're comparing a 5 year old development with a completed in 2011 development, of course, 2011 development recently completed will have all the agents attacking it.

    Quote Originally Posted by radha08
    This is just my 2 METHOD on how i personally check what kind of activity or sentiment there is in any particular development i might be interested in acquiring/viewing/buying....

    Although there could be flaws and imperfections....i find it quite useful...

    Just go to property guru do a search on ""ABC"" condo it will give you breakdown of HOW many units for sale/rental...so for example in a condo with TOTAL 500 units if there are less than 50 for sale/rent...then i think it would be a GOOD investment...but lets say there are 200 units in the market...oops...might be some underlying issues.....

    like i said take it with a pinch of salt,.....but quite interesting the data i get....try it guys....if u got nothing better to do....

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    Quote Originally Posted by bargain hunter
    your method is alright if you are talking about matured developments. if you're comparing a 5 year old development with a completed in 2011 development, of course, 2011 development recently completed will have all the agents attacking it.
    the sail still got tons of ads

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    the best is to get hold of most current tx.....subscribe to streetsine lor....lol

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    i was chatting the other with a group of friends on property investment

    many approaches or methodologies were discussed.

    but one interesting topic came out - rent to determine price of property because of investment yield....u be surprised that some friends within our group never looked at this...why? they looked at what alternative investments yields out there - e.g.FD paying <1%, stocks...20%???

    for example, a property with monthly rent $4k being an investor expecting 4% return would not see this property valued > $1.2m

    some were debating - location la.....chances of capital appreciation blah
    so many suckers out there who are willing to pay.

    all depends

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    Quote Originally Posted by dmonddd
    i was chatting the other with a group of friends on property investment

    many approaches or methodologies were discussed.

    but one interesting topic came out - rent to determine price of property because of investment yield....u be surprised that some friends within our group never looked at this...why? they looked at what alternative investments yields out there - e.g.FD paying <1%, stocks...20%???

    for example, a property with monthly rent $4k being an investor expecting 4% return would not see this property valued > $1.2m

    some were debating - location la.....chances of capital appreciation blah
    so many suckers out there who are willing to pay.

    all depends
    bcoz u tok to a bunch of speculators and flippers

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    no choice got to devise some plan/method to go back to condo living.......now living in rented semi d...sianzzzz....counting the days to end of tenancy...

    but seriously in reality i use my method in areas where i familiar like pasir ris and i sold my ex condo....i realise livia/oasis at elias....etc etc got tonnes of sellers and rental units...if not anything at least i realize that a lot who bought wanted to rent out or flip with no intention to stay...feels like a game of musical chairs when the music stops who is going to be left standing....

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    Quote Originally Posted by radha08
    no choice got to devise some plan/method to go back to condo living.......now living in rented semi d...sianzzzz....counting the days to end of tenancy...

    but seriously in reality i use my method in areas where i familiar like pasir ris and i sold my ex condo....i realise livia/oasis at elias....etc etc got tonnes of sellers and rental units...if not anything at least i realize that a lot who bought wanted to rent out or flip with no intention to stay...feels like a game of musical chairs when the music stops who is going to be left standing....
    No point thinking of using your rental income to cover your rental expenditure. At the end of the day you are still helping other owners to pay their instalments

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    Quote Originally Posted by radha08
    no choice got to devise some plan/method to go back to condo living.......now living in rented semi d...sianzzzz....counting the days to end of tenancy...

    but seriously in reality i use my method in areas where i familiar like pasir ris and i sold my ex condo....i realise livia/oasis at elias....etc etc got tonnes of sellers and rental units...if not anything at least i realize that a lot who bought wanted to rent out or flip with no intention to stay...feels like a game of musical chairs when the music stops who is going to be left standing....
    Aiya....tat time u shd buy oasis mah...still got low flr poolview at 7xxpsf....now cheap deals all gone liao and recent tx all showing 8xxpsf

    Mabe hoot palette lor....900k 3bdr....but u nid to move back to ur hdb for 2yrs.....hehe.

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    Quote Originally Posted by hyenergix
    No point thinking of using your rental income to cover your rental expenditure. At the end of the day you are still helping other owners to pay their instalments
    yup i realise that but i living a better quality of life......anyway just a temporary transitional phase....waiting for durians to drop...but if they dont drop then have to shake the tree.....

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    Quote Originally Posted by devilplate
    Aiya....tat time u shd buy oasis mah...still got low flr poolview at 7xxpsf....now cheap deals all gone liao and recent tx all showing 8xxpsf

    Mabe hoot palette lor....900k 3bdr....but u nid to move back to ur hdb for 2yrs.....hehe.
    today i drove by pasir ris...honestly i look at all the buildings coming up and think of the thousands more in the pipeline...i feel...giddddy....

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    Quote Originally Posted by radha08
    today i drove by pasir ris...honestly i look at all the buildings coming up and think of the thousands more in the pipeline...i feel...giddddy....
    It's clearly over-supply there if one is thinking of buying for rental. I remember there are empty plots between the MRT and HDBs as well as this group of condos, so most likely there will be more residential units at better locations. I reiterate the best property investment there is a coffeeshop or shophouse, if HDB is planning for more.

    http://www.streetdirectory.com/asia_...el_site_82937/

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    Quote Originally Posted by radha08
    no choice got to devise some plan/method to go back to condo living.......now living in rented semi d...sianzzzz....counting the days to end of tenancy...

    but seriously in reality i use my method in areas where i familiar like pasir ris and i sold my ex condo....i realise livia/oasis at elias....etc etc got tonnes of sellers and rental units...if not anything at least i realize that a lot who bought wanted to rent out or flip with no intention to stay...feels like a game of musical chairs when the music stops who is going to be left standing....

    Tot I read somewhere that u mentioned you felt heavenly after moving into your rented landed? Why making a U turn?
    Daft, Dafter, Dafterest!!!!

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    Quote Originally Posted by westman
    Tot I read somewhere that u mentioned you felt heavenly after moving into your rented landed? Why making a U turn?
    Warm and humid without the aircon on all the time?

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    Quote Originally Posted by westman
    Tot I read somewhere that u mentioned you felt heavenly after moving into your rented landed? Why making a U turn?
    hmm unfortunately i am RENTING...and i cannot go on RENTING forever...1 year 2 years then its back to REALITY...i.e condo/hdb...so while enjoying and loving every MOMENT in my RENTED landed property i thinking of REALITY...

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    Quote Originally Posted by kane
    Warm and humid without the aircon on all the time?
    funnily the human body learns to adapt i used to feel that way when i first moved in...but now its not an issue....

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    Quote Originally Posted by radha08
    hmm unfortunately i am RENTING...and i cannot go on RENTING forever...1 year 2 years then its back to REALITY...i.e condo/hdb...so while enjoying and loving every MOMENT in my RENTED landed property i thinking of REALITY...
    landed px basically drop 50% within 3yrs time....be patient hehehe

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    Quote Originally Posted by hyenergix
    It's clearly over-supply there if one is thinking of buying for rental. I remember there are empty plots between the MRT and HDBs as well as this group of condos, so most likely there will be more residential units at better locations. I reiterate the best property investment there is a coffeeshop or shophouse, if HDB is planning for more.

    http://www.streetdirectory.com/asia_...el_site_82937/
    Those buying into mass-market for capital appreciation, this link might be useful:
    http://www.singstat.gov.sg/pubn/pape...p09-pg8-12.pdf

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    Radha I thought u bought the semi-d? hmm haha

    Quote Originally Posted by radha08
    no choice got to devise some plan/method to go back to condo living.......now living in rented semi d...sianzzzz....counting the days to end of tenancy...

    but seriously in reality i use my method in areas where i familiar like pasir ris and i sold my ex condo....i realise livia/oasis at elias....etc etc got tonnes of sellers and rental units...if not anything at least i realize that a lot who bought wanted to rent out or flip with no intention to stay...feels like a game of musical chairs when the music stops who is going to be left standing....

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    Quote Originally Posted by clemdale
    Radha I thought u bought the semi-d? hmm haha
    ha ha must strike toto first prize 2x...then can consider buying....

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