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Thread: Poor sales for new units in Prime area

  1. #41
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    Quote Originally Posted by k00L View Post
    For these young hippies expat (typical associate level) they rather stay in CCR hdb like [email protected] rather OCR if budget is a constraint.
    They work long hours (eap in banking, consulting), socialise in robertson quay after work ( for biz networking & romance) and need to come office fresh before their boss comes in, so it makes sense to stay in CCR
    banks are not the only employer in Singapore.
    "[I]Never argue with an idiot, or he will drag you down to his level and beat you with experience[/I]."

  2. #42
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    if 6.9 million population is correctly forecasted, more richer expatriates will be replacing those who moved to OCR.
    [URL="http://www.propertyrichesprogram.com/blog"]Real Estate Investment Blog[/URL]

  3. #43

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    Maybe units in Prime area need to be advertise more to be known and to have more potential buyers. Good luck in the future and I hope you will have more sale in the future.
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  4. #44
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    Issue is the quantum required for units in the CCR. Many people cannot play once the absolute quantum's hit above 2mm. That combined with the ABSD has whacked a lot of secondary sales and new sales by developers in the CCR. But watch for older flats - some of these can still be good buys in the CCR if you do some homework

  5. #45
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    Quote Originally Posted by johnlee View Post
    Issue is the quantum required for units in the CCR. Many people cannot play once the absolute quantum's hit above 2mm. That combined with the ABSD has whacked a lot of secondary sales and new sales by developers in the CCR. But watch for older flats - some of these can still be good buys in the CCR if you do some homework
    Go for MM unit lor. Many brand new all below $2m, or even below $1.5m.

  6. #46
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    MM in CCR especially Orchard has the potential to hit beyond S$2million after 4 June 2014.

    Good Luck.

  7. #47
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    Quote Originally Posted by blackjack21trader View Post
    MM in CCR especially Orchard has the potential to hit beyond S$2million after 4 June 2014.

    Good Luck.
    Welcome back... huat ah huat ah

  8. #48
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    Quote Originally Posted by blackjack21trader View Post
    MM in CCR especially Orchard has the potential to hit beyond S$2million after 4 June 2014.

    Good Luck.

    Wah, so fast? Must hit $1.5m first lah

  9. #49
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    Quote Originally Posted by amk View Post
    these are totally 2 different segments.

    those OCR carrotheads do not have the capacity to play in CCR. in fact that's why they become the carrothedas for OCR, because they die die must invest in a pty. And since they cannot afford anything bigger quantum, FEO makes your dream come true, by giving you a 500sqft SOHO in the middle of nowhere for you "as investment".
    thats what I have saying along time. no tested. why would someone who can rent a nicely done up 3bed room hdb just for a 500sqf studio? and likly the rental for a dont up 3bed hdb will be same or cheaper than the current 500sqf rental. at those OCR MM prices.
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  10. #50
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    Quote Originally Posted by EBD View Post
    Agree. I almost feel sorry for these people. Think they are buying into a dream when they are actually being sold a nightmare.

    Still, how you going to get rich if there weren't any people like this in the world.
    in the 1st place how to get rich with a MM? the quantum gain requires the psf to move up a lot. and there is a danger of the rental being suppressed by the surrounding HDB or older condos or ECs...
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  11. #51
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    Quote Originally Posted by blackjack21trader View Post
    MM in CCR especially Orchard has the potential to hit beyond S$2million after 4 June 2014.

    Good Luck.
    mines are all waiting for ur $2M leh.
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  12. #52
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    Quote Originally Posted by blackjack21trader View Post
    MM in CCR especially Orchard has the potential to hit beyond S$2million after 4 June 2014.

    Good Luck.
    got to wait for how long, after 4 June 2014?

  13. #53
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    Any big news coming that will turn the tides?

  14. #54
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    Quote Originally Posted by blackjack21trader View Post
    MM in CCR especially Orchard has the potential to hit beyond S$2million after 4 June 2014.

    Good Luck.
    What happened to your 4 June announcement? Now going to be 4th July Liao. Hehe.

  15. #55
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    Bro BJ very clever... he never say how long after 4th Jun 2014 hahaha
    When you have eliminate the impossible, whatever remains, however improbable, must be the truth

  16. #56

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    High-end developments such as The Marq on Paterson Hill and Hilltops in Cairnhill Circle, for instance, have been completed for at least a year but still have hundreds of new units sitting unsold. If they are not sold within the next 12 months or less, developers may have to fork out extension charges to buy themselves more time after the two-year deadline. The high-end market has been languishing with slow sales and prices that are still below their peak. The additional buyer's stamp duty of up to 10 per cent introduced last year also whittled down foreign home demand, further hurting sales. Experts say that while indirect discounts such as rental guarantees or stamp duty absorption might be offered by some projects as the deadline nears, large cuts in prices are unlikely. A majority of developers bought the land at lower historical prices and so paying the extension charge will not erode their profit margins significantly. This option is preferred as cutting prices would not only affect their reputation but also face objections from earlier buyers.

  17. #57
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    Those districts are facing competition from the marina Bay Area as you can see even orchard road has to beep closed to bring crowds to the shopping belt on the first Saturday of the month. Deep pocket prefers new area just by looking at Marina one.
    Quote Originally Posted by JacobDing View Post
    High-end developments such as The Marq on Paterson Hill and Hilltops in Cairnhill Circle, for instance, have been completed for at least a year but still have hundreds of new units sitting unsold. If they are not sold within the next 12 months or less, developers may have to fork out extension charges to buy themselves more time after the two-year deadline. The high-end market has been languishing with slow sales and prices that are still below their peak. The additional buyer's stamp duty of up to 10 per cent introduced last year also whittled down foreign home demand, further hurting sales. Experts say that while indirect discounts such as rental guarantees or stamp duty absorption might be offered by some projects as the deadline nears, large cuts in prices are unlikely. A majority of developers bought the land at lower historical prices and so paying the extension charge will not erode their profit margins significantly. This option is preferred as cutting prices would not only affect their reputation but also face objections from earlier buyers.

  18. #58
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    The Marq on Paterson Hill and Hilltops in Cairnhill Circle under SC Global. They privatise the company not too long ago. Now single owner... sporean. No penalty for unsold units.

  19. #59
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    Quote Originally Posted by carbuncle View Post
    There are still value buys in CCR? Or famous carrotheads have migrated from OCR to CCR after reading reports on narrowing price gap?
    CCR has more value in buys for sure because of the closer gaps.
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