Will prices in TK drop?

[devilplate]

instead of telok kurau,why not consider projects on mountbatten rd (ola,mountbatten suites) or haig rd (haig 162)..there are definitely more upside potential there than TK...

bcoz joo chiat followed by tk r the cheapest in whole d15 liao?

[fiat500]

bcoz joo chiat followed by tk r the cheapest in whole d15 liao?

i just find there's not much selling point for telok kurau area as its not accessible if u dont drive.
joo chiat is becoz of the sleaze in that area..budget hotels,pubs with vietnamese,prc chix etc..

[Jcmillineum]

to me i am bullish about D15. so many good schs, seaside, young couples, creative class, proximity to town, peranakan flavours, parkway, classy condos....hiyo, those who cannot afford city will push themselves out to D15. hence constantly have demand one....

Plus gorgeous people...yup, please do consider D15, it has the most potential considering prices haven't risen much yet...

[Jcmillineum]

Im bullish about D15 too....can't wait to stay though..

[Eastboy]

Im bullish about D15 too....can't wait to stay though..

Haha r u saying you are gorgeous lol

[Jonathan0503]

Plus gorgeous people...yup, please do consider D15, it has the most potential considering prices haven't risen much yet...

Thought D15 has risen quite a lot over the last few years?

[marktkt22]

It unlikely to crash, .... with a pool of ready buyer.
There like a very pool of bystanders waiting to buy at 10% Correctn, ...including me.
15% would be a miracles ....
Interest rate spike of 5-6% would be the most lethal cm....

[jwong71]

It unlikely to crash, .... with a pool of ready buyer.
There like a very pool of bystanders waiting to buy at 10% Correctn, ...including me.
15% would be a miracles ....
Interest rate spike of 5-6% would be the most lethal cm....

ask urself, did u buy any stocks recently when it drop 10%?

its likely no, for many pple. cos adapt the wait and see mentality for a clearer sky.

10% in props, may not eunff to trigger buys. if the sky is blur, CM, SSD all in place

[hyenergix]

ask urself, did u buy any stocks recently when it drop 10%?

its likely no, for many pple. cos adapt the wait and see mentality for a clearer sky.

10% in props, may not eunff to trigger buys. if the sky is blur, CM, SSD all in place

Shd trigger at 10% discount for properties from current prices. $1 million condo at $900k. V good value.

[jwong71]

Shd trigger at 10% discount for properties from current prices. $1 million condo at $900k. V good value.

for own stay 10%, perhaps.

for investors... very much depend on sentiment

[azeoprop]

I think Parc Elegence is giving some extra discounts to their penthouse units. TOP soon. 1 bedroom penthouse around 800k. 1000psf.

[Eastboy]

I think Parc Elegence is giving some extra discounts to their penthouse units. TOP soon. 1 bedroom penthouse around 800k. 1000psf.

Really, but how much wld the goal quantum be? I honk for small devts quantum matters more than psf.

[Eastboy]

for own stay 10%, perhaps.

for investors... very much depend on sentiment

In fact it has happened. My colleague recently bought a unit at Lorong n. seller asked for $1.05million, she negotiated to $940k. Signs of sellers lowering their expectations already...

[jwong71]

In fact it has happened. My colleague recently bought a unit at Lorong n. seller asked for $1.05million, she negotiated to $940k. Signs of sellers lowering their expectations already...

my earlier posts quoted few projects alrdy price down, transacted lower than previous.

but tedderbear got aggressive over it.

*so i got the msg, it not advisable to share any price trend/ caveats on forum??

[Jonathan0503]

In fact it has happened. My colleague recently bought a unit at Lorong n. seller asked for $1.05million, she negotiated to $940k. Signs of sellers lowering their expectations already...

Asking for certain sum and then lower it to conclude the sale is not conclusive that price has dropped or there's a correction.

Has to compare with last transacted price of the same project having same size, floor, etc

[solsys]

Telok Kurau too many units.

Agree Haig got more potential.

[hyenergix]

In fact it has happened. My colleague recently bought a unit at Lorong n. seller asked for $1.05million, she negotiated to $940k. Signs of sellers lowering their expectations already...

I expect next year to be worse. I maintain 5-10% correct from current prices, except for those near MRTs. From Q3-Q4 of this year:
- Land bids are lower
- Individual units asking prices are stagnated
- Enbloc asking prices are coming down
- MMs sales are slowing down, mass market condo sales not near MRT are worse
- Rental has peaked or starting to come down
- More property advertisements show anxiety of developers

[fiat500]

I expect next year to be worse. I maintain 5-10% correct from current prices, except for those near MRTs. From Q3-Q4 of this year:
- Land bids are lower
- Individual units asking prices are stagnated
- Enbloc asking prices are coming down
- MMs sales are slowing down, mass market condo sales not near MRT are worse
- Rental has peaked or starting to come down
- More property advertisements show anxiety of developers

MMs sales are slowing down?? i reckon not.
the 1 bedders launched in geylang lor 39 d'weave n regent residences were snapped up instantly..
in fact imo,price to remain stagnated is healthy overall cos its a sign that prices are steady n have stabilised..
i would rather have it this way than for prices to keep going up coz it will also tumble hard.
as for rental,1 must see location n project itself..
icon,clift,sail,esta n cotz d'azur are still getting good rentals n fast take up rates also..

[Jcmillineum]

MMs sales are slowing down?? i reckon not.
the 1 bedders launched in geylang lor 39 d'weave n regent residences were snapped up instantly..
in fact imo,price to remain stagnated is healthy overall cos its a sign that prices are steady n have stabilised..
i would rather have it this way than for prices to keep going up coz it will also tumble hard.
as for rental,1 must see location n project itself..
icon,clift,sail,esta n cotz d'azur are still getting good rentals n fast take up rates also..

I totally agree with you!!!!

[hyenergix]

I'm comparing across a period of abt 2 years, when e MM craze was e hottest. Many MM apartments could b fully sold in a few days or weeks. Now they take months.

[fiat500]

I'm comparing across a period of abt 2 years, when e MM craze was e hottest. Many MM apartments could b fully sold in a few days or weeks. Now they take months.

the 2 projects that i mentioned: d'weave n regent residences 1 bedder units were sold out on the vvip preview day itself..
it doesnt even need days not to mention weeks..
i am surprised too!

[hyenergix]

the 2 projects that i mentioned: d'weave n regent residences 1 bedder units were sold out on the vvip preview day itself..
it doesnt even need days not to mention weeks..
i am surprised too!

There are many more MMs than these two outstanding ones. Many of them still sell well but slower as compared to 2 years+ back when I started looking at MMs

[TKT]

I believe the upcoming developments in Bedok and later Paya Lebar, will substantially bring up the prices of TK apartments, especially those near to Kembangan MRT, so there will be upside potential. Again, as I have mentioned before in various threads, those Lorongs G, H and maybe upto J and not further eastwards than perhaps half the length of the Lorongs (except G) - so not all of TK is similarly well-connected to MRT.

Example, the prices of Bedok Residences expected to be upwards of 1200-1500psf, these are 99LH and next to a very busy road and bus interchange. So, those staying near Kembangan MRT, these are just 1 MRT away, FH and most are in a nice, quiet, leafy neighbourhood will stand to benefit overall. These apartments are also easy to rent out as the expat community here is quite significant.

My 2x

[Laguna]

the one at former Lion City Hotel is expected to be around $1600-$1800

[TKT]

I believe the upcoming developments in Bedok and later Paya Lebar, will substantially bring up the prices of TK apartments, especially those near to Kembangan MRT, so there will be upside potential. Again, as I have mentioned before in various threads, those Lorongs G, H and maybe upto J and not further eastwards than perhaps half the length of the Lorongs (except G) - so not all of TK is similarly well-connected to MRT.

Example, the prices of Bedok Residences expected to be upwards of 1200-1500psf, these are 99LH and next to a very busy road and bus interchange. So, those staying near Kembangan MRT, these are just 1 MRT away, FH and most are in a nice, quiet, leafy neighbourhood will stand to benefit overall. These apartments are also easy to rent out as the expat community here is quite significant.

My 2x

Sorry, should be westwards towards city... not eastwards!

[East Lover]

the one at former Lion City Hotel is expected to be around $1600-$1800

Depends on when to launch? If next year, according to basic theory, it will be 50% discount, so $800- $900/psf? Even cheaper than DBR???

[Eastboy]

Depends on when to launch? If next year, according to basic theory, it will be 50% discount, so $800- $900/psf? Even cheaper than DBR???

Might as well pray for 4xxpsf haha

[Jcmillineum]

Might as well pray for 4xxpsf haha

by the time u wait...it will escalate to 2k psf....don't wait

[Eastboy]

by the time u wait...it will escalate to 2k psf....don't wait

wah lay you very bullish leh! kekekeke

[TKT]

by the time u wait...it will escalate to 2k psf....don't wait

I think TK prices about 10% discount to Marine Parade area is "reasonable"... ... afterall it is just 5mins drive away...