A few CCR transactions sold at a loss (reported in The Edge)

**teddybear** · 09-03-12, 10:10

Speak whatever also never mind, as long as you don't have so many people cursing you for stealing their jobs and causing all the over-crowding in Singapore and properties prices too high, really bad karma! Bad karma will ensure you don't have a good death and become pigs and chickens in next life for people to slaughter and suffer pain again and again!

Originally Posted by stalingrad

"slough all their life"? Teddy, please stop pretending to be singaporeans. Go back to china and speak Chinese, which you are more comfortable with, or Hokkien.

**stalingrad** · 09-03-12, 10:18

Originally Posted by teddybear

Speak whatever also never mind, as long as you don't have so many people cursing you for stealing their jobs and causing all the over-crowding in Singapore and properties prices too high, really bad karma! Bad karma will ensure you don't have a good death and become pigs and chickens in next life for people to slaughter and suffer pain again and again!

seriously, are you ashamed that while other Singaporeans write English so elegantly, you write English at the kindergarten's level. Try to improve. Stop watching Channel 8 Chinese dramas. Try watching CNN or CNBC for a change, so you don't become laughing stock again for writing atrocious English.

**devilplate** · 09-03-12, 10:21

Originally Posted by stalingrad

seriously, are you ashamed that while other Singaporeans write English so elegantly, you write English at the kindergarten's level. Try to improve. Stop watching Channel 8 Chinese dramas. Try watching CNN or CNBC for a change, so you don't become laughing stock again for writing atrocious English.

u got nothing better to do so start to find fault wif other's english?

toking about ppty suddenly pop up and criticise other's english level....wakakakka

**teddybear** · 09-03-12, 10:21

Never mind, I am making many people below me to stick to my style of English! Don't do my style of English? You are fired!
Think that way is better than speaking CNN or CNBC or Queen's English? For what hah? Still slough for a living? Come come, see my "beautiful" face! Whatever CNN, CNBC, or Queen's English are useless!

Originally Posted by stalingrad

seriously, are you ashamed that while other Singaporeans write English so elegantly, you write English at the kindergarten's level. Try to improve. Stop watching Channel 8 Chinese dramas. Try watching CNN or CNBC for a change, so you don't become laughing stock again for writing atrocious English.

**stalingrad** · 09-03-12, 10:28

Originally Posted by teddybear

Never mind, I am making many people below me to stick to my style of English! Don't do my style of English? You are fired!
Think that way is better than speaking CNN or CNBC or Queen's English? For what hah? Still slough for a living? Come come, see my "beautiful" face! Whatever CNN, CNBC, or Queen's English are useless!

No wonder your style of English is becoming the norm in the country. Every one works for you and they must lower themselves to your level of English. Yes, I see you are the king, we are all serfs. Donald Trump wouldn't survive for one day in singapore.

**teddybear** · 09-03-12, 10:44

Donald Trump nearly bankcrupt! Oh my! Sure cannot survive in Singapore because no banks in Singapore will want to lend him money!

Originally Posted by stalingrad

No wonder your style of English is becoming the norm in the country. Every one works for you and they must lower themselves to your level of English. Yes, I see you are the king, we are all serfs. Donald Trump wouldn't survive for one day in singapore.

**bargain hunter** · 09-03-12, 12:33

Is this the transaction? taken up liao, caveat just lodged.

The Draycott $4,380,000 2637 sq ft 1661psf Feb-12

new 2 year psf low for the project.

Originally Posted by bullman

Currently, I know only of the Draycott unit, as of yesterday. Not sure if its been taken The St Regis unit moved really fast though.

For others, we must continue to wait patiently.

**bargain hunter** · 09-03-12, 12:41

CYAN $1,250,000 689 sq ft 1814psf Feb-12

New 2 year psf AND quantum low for CYAN. what's going on?

**dtrax** · 09-03-12, 12:51

Still holding strong:

D'LEEDON 11 Leedon Heights #24-39 1 59 Strata 1,130,200 19156 1780 28-FEB-2012 Condominium 99 Yrs From 08/04/2010 Uncompleted New Sale Private 10 26 267955 Central Region Bukit Timah

ZENITH 60 Zion Road #12-01 1 55 Strata 1,060,000 19273 1790 27-FEB-2012 Apartment 999 Yrs From 21/06/1877 2011 Resale Private 10 24 247785 Central Region Tanglin

BOTANNIA 29A West Coast Park #08-15 1 115 Strata 1,390,000 12087 1123 27-FEB-2012 Condominium 956 Yrs From 27/05/1928 2009 Resale Private 05 12 127723 West Region Clementi
- Stalingrad u happy??

MARTIN PLACE RESIDENCES 2 Martin Place #04-06 1 97 Strata 1,900,000 19588 1820 27-FEB-2012 Condominium Freehold 2011 Sub Sale HDB 09 23 237988 Central Region River Valley

REFLECTIONS AT KEPPEL BAY 25 Keppel Bay View #14-76 1 81 Strata 1,788,000 22074 2051 27-FEB-2012 Condominium 99 Yrs From 15/03/2006 2011 Sub Sale Private 04 09 098415 Central Region Bukit Merah

THE ORANGE GROVE 38 Orange Grove Road #03-05 1 217 Strata 5,205,600 23989 2229 27-FEB-2012 Condominium Freehold 2010 Resale Private 10 25 258364 Central Region Tanglin

CYAN 8 Keng Chin Road #04-14 1 64 Strata 1,250,000 19531 1814 24-FEB-2012 Condominium Freehold Uncompleted Sub Sale Private 10 25 258710 Central Region Tanglin
Weak hands:

THE DRAYCOTT 50 Draycott Park #09-01 1 245 Strata 4,380,000 17878 1661 28-FEB-2012 Apartment Freehold 1980 Resale Private 10 25 259396 Central Region Newton

**bargain hunter** · 09-03-12, 13:01

cyan one still strong meh? was that sold at a loss?

Originally Posted by dtrax

Still holding strong:

D'LEEDON 11 Leedon Heights #24-39 1 59 Strata 1,130,200 19156 1780 28-FEB-2012 Condominium 99 Yrs From 08/04/2010 Uncompleted New Sale Private 10 26 267955 Central Region Bukit Timah

ZENITH 60 Zion Road #12-01 1 55 Strata 1,060,000 19273 1790 27-FEB-2012 Apartment 999 Yrs From 21/06/1877 2011 Resale Private 10 24 247785 Central Region Tanglin

BOTANNIA 29A West Coast Park #08-15 1 115 Strata 1,390,000 12087 1123 27-FEB-2012 Condominium 956 Yrs From 27/05/1928 2009 Resale Private 05 12 127723 West Region Clementi
- Stalingrad u happy??

MARTIN PLACE RESIDENCES 2 Martin Place #04-06 1 97 Strata 1,900,000 19588 1820 27-FEB-2012 Condominium Freehold 2011 Sub Sale HDB 09 23 237988 Central Region River Valley

REFLECTIONS AT KEPPEL BAY 25 Keppel Bay View #14-76 1 81 Strata 1,788,000 22074 2051 27-FEB-2012 Condominium 99 Yrs From 15/03/2006 2011 Sub Sale Private 04 09 098415 Central Region Bukit Merah

THE ORANGE GROVE 38 Orange Grove Road #03-05 1 217 Strata 5,205,600 23989 2229 27-FEB-2012 Condominium Freehold 2010 Resale Private 10 25 258364 Central Region Tanglin

CYAN 8 Keng Chin Road #04-14 1 64 Strata 1,250,000 19531 1814 24-FEB-2012 Condominium Freehold Uncompleted Sub Sale Private 10 25 258710 Central Region Tanglin
Weak hands:

THE DRAYCOTT 50 Draycott Park #09-01 1 245 Strata 4,380,000 17878 1661 28-FEB-2012 Apartment Freehold 1980 Resale Private 10 25 259396 Central Region Newton

**dtrax** · 09-03-12, 13:40

Originally Posted by bargain hunter

cyan one still strong meh? was that sold at a loss?

Sold abt 30k+ higher. He sold at break even minus stamp duty

**bargain hunter** · 09-03-12, 13:55

ic. early buyer who bought more than 2 years ago.

how about this?

Illuminaire On Devonshire $1,300,000 635 sq ft 2047psf Feb-12

2nd lowest psf in the past 2 years.

If I am not wrong, the buyer probably bought at the 2009 during initial launch at 1700psf? Profits seem to be very thin even for the smallest $1m+ "CCR low quantum" units?

Originally Posted by dtrax

Sold abt 30k+ higher. He sold at break even minus stamp duty

**dtrax** · 09-03-12, 13:58

Originally Posted by bargain hunter

ic. early buyer who bought more than 2 years ago.

how about this?

Illuminaire On Devonshire $1,300,000 635 sq ft 2047psf Feb-12

2nd lowest psf in the past 2 years.

If I am not wrong, the buyer probably bought at the 2009 during initial launch at 1700psf? Profits seem to be very thin even for the smallest $1m+ "CCR low quantum" units?

illuminaire at 2k psf close one eye sure make money one, this one made a couple hundreds of grand excluding stamp..

**bargain hunter** · 09-03-12, 14:05

nett would be just under 200k but what surprises me is that even the smallest CCR units bought at the bottom of the market didn't make that much % wise.

Originally Posted by dtrax

illuminaire at 2k psf close one eye sure make money one, this one made a couple hundreds of grand excluding stamp..

**devilplate** · 09-03-12, 14:16

Originally Posted by bargain hunter

ic. early buyer who bought more than 2 years ago.

how about this?

Illuminaire On Devonshire $1,300,000 635 sq ft 2047psf Feb-12

2nd lowest psf in the past 2 years.

If I am not wrong, the buyer probably bought at the 2009 during initial launch at 1700psf? Profits seem to be very thin even for the smallest $1m+ "CCR low quantum" units?

635sqft launched at around 1mil....their 1bdr abt 7xxk now 1.1mil rite?

I refuse to submit chq den ended up no more 1bdr on preview day ....cryyyyy

However, this transaction definitely below value...fair value shd be about 2200psf.....so px indeed dropping

**dtrax** · 09-03-12, 14:22

The 6xx sqft if I am not wrong is a 2bedder

Dun belittle the power of MM or rather in its peak potential:

ILLUMINAIRE ON DEVONSHIRE 65 Devonshire Road #11-03 1 41 Strata 760,000 18537 1722 13-MAY-2009 Apartment Freehold Uncompleted New Sale Private 09 23 239900 Central Region River Valley

ILLUMINAIRE ON DEVONSHIRE 65 Devonshire Road #11-03 1 41 Strata 1,125,000 27439 2549 16-MAY-2011 Apartment Freehold Uncompleted Sub Sale Private 09 23 239900 Central Region River Valley

**bargain hunter** · 09-03-12, 14:26

so mr. b is right afterall?!

Originally Posted by devilplate

635sqft launched at around 1mil....their 1bdr abt 7xxk now 1.1mil rite?

I refuse to submit chq den ended up no more 1bdr on preview day ....cryyyyy

However, this transaction definitely below value...fair value shd be about 2200psf.....so px indeed dropping

**devilplate** · 09-03-12, 14:27

635sqft cfm 2bdr! On preview day, still got some leftover 2bdr!

**bargain hunter** · 09-03-12, 14:29

that's right!

but now there is clear evidence of pple cutting price to sell in CCR after the dec measures.

forgot to ask u this sometime ago transaction:

new low psf for CITYVISTA

Cityvista Residences $3,550,000 2121 sq ft 1674psf Jan-12.

How much did the buyer lose? bought in 2007?

Originally Posted by dtrax

The 6xx sqft if I am not wrong is a 2bedder

Dun belittle the power of MM or rather in its peak potential:

ILLUMINAIRE ON DEVONSHIRE 65 Devonshire Road #11-03 1 41 Strata 760,000 18537 1722 13-MAY-2009 Apartment Freehold Uncompleted New Sale Private 09 23 239900 Central Region River Valley

ILLUMINAIRE ON DEVONSHIRE 65 Devonshire Road #11-03 1 41 Strata 1,125,000 27439 2549 16-MAY-2011 Apartment Freehold Uncompleted Sub Sale Private 09 23 239900 Central Region River Valley

**devilplate** · 09-03-12, 14:29

Originally Posted by bargain hunter

so mr. b is right afterall?!

I mentioned b4, sissy b sibeh heng.....govt cm5 helped him!

Many of us r right also wat...i said cm5 will cause a drop! Its is no longer cooling measure!its a corrective measure!

But wat amaze me so far was land bidding still holding up...tat hillview one power

**bargain hunter** · 09-03-12, 14:37

if u minus the 3 chinamen, then UOL's bid at 500psf ppr is in line with expectations rite?

Originally Posted by devilplate

I mentioned b4, sissy b sibeh heng.....govt cm5 helped him!

Many of us r right also wat...i said cm5 will cause a drop! Its is no longer cooling measure!its a corrective measure!

But wat amaze me so far was land bidding still holding up...tat hillview one power

**devilplate** · 09-03-12, 14:39

Originally Posted by bargain hunter

if u minus the 3 chinamen, then UOL's bid at 500psf ppr is in line with expectations rite?

Yes u can say tat

**dtrax** · 11-03-12, 15:06

More weak hands?

RESIDENCE 23 Kim Yam Road #10-07 1 153 Strata 2,139,800 13986 1299 28-FEB-2012 Apartment 999 Yrs From 01/07/1841 2010 Resale Private 09 23 239333 Central Region River Valley

**bargain hunter** · 11-03-12, 15:50

bro, forgot to ask u this sometime ago transaction:

new low psf for CITYVISTA

Cityvista Residences $3,550,000 2121 sq ft 1674psf Jan-12.

How much did the buyer lose? bought in 2007?

Originally Posted by dtrax

More weak hands?

RESIDENCE 23 Kim Yam Road #10-07 1 153 Strata 2,139,800 13986 1299 28-FEB-2012 Apartment 999 Yrs From 01/07/1841 2010 Resale Private 09 23 239333 Central Region River Valley

**bargain hunter** · 11-03-12, 15:53

oh waterford residence. was wondering when there was a project called residence 23.

Originally Posted by dtrax

More weak hands?

RESIDENCE 23 Kim Yam Road #10-07 1 153 Strata 2,139,800 13986 1299 28-FEB-2012 Apartment 999 Yrs From 01/07/1841 2010 Resale Private 09 23 239333 Central Region River Valley

**dtrax** · 11-03-12, 17:04

Originally Posted by bargain hunter

bro, forgot to ask u this sometime ago transaction:

new low psf for CITYVISTA

Cityvista Residences $3,550,000 2121 sq ft 1674psf Jan-12.

How much did the buyer lose? bought in 2007?

heavy losses:

CITYVISTA RESIDENCES 21 Peck Hay Road #04-02 1 197 Strata 5,214,000 26467 2459 08-AUG-2007 Condominium Freehold Uncompleted New Sale Private 09 22 228314 Central Region Newton

CITYVISTA RESIDENCES 21 Peck Hay Road #04-02 1 197 Strata 3,550,000 18020 1674 30-JAN-2012 Condominium Freehold 2010 Resale Private 09 22 228314 Central Region Newto

**devilplate** · 11-03-12, 17:18

Originally Posted by dtrax

heavy losses:

CITYVISTA RESIDENCES 21 Peck Hay Road #04-02 1 197 Strata 5,214,000 26467 2459 08-AUG-2007 Condominium Freehold Uncompleted New Sale Private 09 22 228314 Central Region Newton

CITYVISTA RESIDENCES 21 Peck Hay Road #04-02 1 197 Strata 3,550,000 18020 1674 30-JAN-2012 Condominium Freehold 2010 Resale Private 09 22 228314 Central Region Newto

wah....no $$ to hold.....

wondering nid to sell so low meh? 2kpsf cannot fetch at all?

**dtrax** · 11-03-12, 17:39

might be a genuine firesale, assuming he down 30%. At most sell 30% discount no need top up bank loan

**bargain hunter** · 11-03-12, 19:20

around 2m net loss?!

Originally Posted by dtrax

might be a genuine firesale, assuming he down 30%. At most sell 30% discount no need top up bank loan

**radha08** · 12-03-12, 22:33

Originally Posted by bargain hunter

around 2m net loss?!

bedok reservior

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