know why resale market so dead ??...

[ikan bilis]

know why resale market so dead ??...

try this... propertyguru search... 200-700K, 2bdr+,...

~1700 ads returned.... 99% are new launch...


http://www.propertyguru.com.sg/singa...gitude=&submit=

[roly8]

alot of sub-sale or lot of unsold units keep by developers..

[repanse71]

alot of sub-sale or lot of unsold units keep by developers..

I think it's valuation; all you need is to compare bank valuation for new launch, BUC and completed ones in the same area.

Regards

[Regulators]

Government's next round of cm will be targeted at valuers and banks offering loans

[Arcachon]

know why resale market so dead ??...

try this... propertyguru search... 200-700K, 2bdr+,...

~1700 ads returned.... 99% are new launch...


http://www.propertyguru.com.sg/singa...gitude=&submit=

2.4 Effective Date of implementation of ABSD
ABSD will apply to Contracts or Agreements (whichever is earlier), or Documents of Transfer*, dated on or after 8 December 2011. Where an Option To Purchase has been granted on or before 7 December 2011 and exercised thereafter on or before 28 December 2011, without any extension of the option validity period, ABSD will be remitted upon application (see Remission in paragraph 9)

http://www.iras.gov.sg/irasHome/uplo...9_Jan_2012.pdf

[Arcachon]

alot of sub-sale or lot of unsold units keep by developers..

Are those developer affected by 8 Dec 2011 ABSD?

[insigina]

Government's next round of cm will be targeted at valuers and banks offering loans

This could be a risky move. The already sluggish resale market will grind to a halt. Buyers of new developments the last 12 - 18 months will see their value drop and new buyers will be hesitant since getting loans will be more difficult. Except for the cash rich, not sure who else the winners are.

[roly8]

Are those developer affected by 8 Dec 2011 ABSD?

no idea..

maybe the insane price..

[amk]

Buyers of new developments the last 12 - 18 months will see their value drop and new buyers will be hesitant since getting loans will be more difficult.

If the bank cannot match the valuation, the bank will not disburse upon TOP !
The new sale buyers themselves will be in deep shit!

Dun think gov will do this lah. Too damaging. Real firesale will be triggered.

The next CM prob something to do with CPF.

[Ringo33]

I think one of the biggest concern for investors to buy resale TOPed properties is finding tenants. There is just too much supply at the moment and it seems like rental budget are also shrinking as well. The once thriving private and investment banking industry that used to pay ridicules bonuses have suddenly been brought back down to earth. And people are now starting to be more sensible about what they are paying for accommodation.

[minority]

i spoke to some agents over the week. Same concensers transaction have slowed but many buyers on the side and CCR are still holding the price even though lower transaction. OCR might be sustainable for near term coz still got many people buying locals and new citizens.

just regurgitating what that conversation.

[ay123]

I think one of the biggest concern for investors to buy resale TOPed properties is finding tenants. There is just too much supply at the moment and it seems like rental budget are also shrinking as well. The once thriving private and investment banking industry that used to pay ridicules bonuses have suddenly been brought back down to earth. And people are now starting to be more sensible about what they are paying for accommodation.

but there are not many TOPed projects now. too much supply will only happen 2~4 yrs down the road.

[phantom_opera]

Why resale is so dead? Because decent size 2br/3br is no more affordable ... the market has priced in another 3-4y of 10% income growth due to HIGH inflation expectation:

TREVISTA LORONG 3 TOA PAYOH Condominium 1 1,181,000 861 sqft Strata 1,371psf Mar-12

TREVISTA LORONG 3 TOA PAYOH Condominium 1 1,430,000 1,119 Strata 1,277psf Mar-12

ARCHIPELAGO BEDOK RESERVOIR ROAD Condominium 1 1,389,000 1,184sqft Strata 1,173psf Mar-12

THE WATERINA LORONG 40 GEYLANG Apartment 1 1,400,000 1,281 Strata 1,093psf Feb-12

TANGLIN VIEW PRINCE CHARLES CRESCENT Condominium 1 1,450,000 1,141 Strata 1,271psf Mar-12

1.3-1.4 million for 3br, 1.1-1.2 million for 2br, this is way out of affordability range of HDB upgraders ... that's why projects that can sell are all far far away places

[amk]

1.3-1.4 million for 3br, 1.1-1.2 million for 2br, this is way out of affordability range of HDB upgraders ... that's why projects that can sell are all far far away places

exactly.. HDB upgraders did not suddenly get richer in the past 2 yrs; the quantum that they can afford still max out at ard 1.5m.

There is no "paradigm shift" in the market.

only the developers are getting richer

[repanse71]

exactly.. HDB upgraders did not suddenly get richer in the past 2 yrs; the quantum that they can afford still max out at ard 1.5m.

There is no "paradigm shift" in the market.

only the developers are getting richer

We will see many more SG billionaire tycoons ?

Regards

[jwong71]

agents gave up to ad resale units on propertyguru,lousy response.
new launch better response..

[roly8]

exactly.. HDB upgraders did not suddenly get richer in the past 2 yrs; the quantum that they can afford still max out at ard 1.5m.

There is no "paradigm shift" in the market.

only the developers are getting richer

well sum up !