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Thread: Poor sales for new units in Prime area

  1. #31
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    Quote Originally Posted by leesg123 View Post
    RV area, we are talking about MM.
    Actually if you can get 5% yield without going below 500sqft, that is even better.
    "[I]Never argue with an idiot, or he will drag you down to his level and beat you with experience[/I]."

  2. #32
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    I checked Mount Sophia suites and Parc sophia. Both 4.2 to 4.5% yield only.

    Nowadays, don't have 5% anymore. Maybe OCR near MRT still got chance.




    Quote Originally Posted by Ringo33 View Post
    projects around mount sophia area.

  3. #33
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    Quote Originally Posted by Shanhz View Post
    not true leh. my very experienced ppty agent who specialise in corporate rental tell me that even when kids study in GEMS in yishun, father work in seletar aerospace park, they still stay in orchard road.
    Not many people can understand how expats feel and think.
    It is only when your office got many of them and you talk to them frequently, then u understand why Orchard/Town area is still the most desirable.

    DKSG

  4. #34
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    last time those ang mo expats were the richer one. nowadays due to flood gate, they attract the lousy one also. the 'poor' one will stay in HDBs and other suburban areas....those ang mo with REAL SPENDING POWER stay at the usual enclaves like Holland, Bukit Timah etc.

  5. #35
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    Quote Originally Posted by babyt View Post
    last time those ang mo expats were the richer one. nowadays due to flood gate, they attract the lousy one also. the 'poor' one will stay in HDBs and other suburban areas....those ang mo with REAL SPENDING POWER stay at the usual enclaves like Holland, Bukit Timah etc.
    Eeerrmmm ... The Holland Bt Timah ones are the regular ones.
    High end ones are in Ardmore, Cornwall landed, etc.
    Or some of those places which Office Boy never even heard before. Hahaha!

    DKSG

  6. #36
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    Quote Originally Posted by babyt View Post
    last time those ang mo expats were the richer one. nowadays due to flood gate, they attract the lousy one also. the 'poor' one will stay in HDBs and other suburban areas....those ang mo with REAL SPENDING POWER stay at the usual enclaves like Holland, Bukit Timah etc.
    Profile is different.

    In the past, most expat are senior management, nowadays we have got many fresh grad running away from economic crisis in Europe coming here looking for opportunity.

    There are also many expat those convert from expat to local terms, so need to tighten their belt to move to OCR.
    "[I]Never argue with an idiot, or he will drag you down to his level and beat you with experience[/I]."

  7. #37
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    ya different profiles.

    I have ang mo telling me this $17 product is expensive, so she brought the $8 one. She staying around Bishan/Thomson area

  8. #38
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    Quote Originally Posted by babyt View Post
    ya different profiles.

    I have ang mo telling me this $17 product is expensive, so she brought the $8 one. She staying around Bishan/Thomson area
    Expect more and more of these class of foreigners coming to our shore. Also cost of living in Singapore is already very high comparing to Japan and European standard. Sure they will need to learn to live like local to cut corner on non essential stuffs.
    "[I]Never argue with an idiot, or he will drag you down to his level and beat you with experience[/I]."

  9. #39
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    Quote Originally Posted by babyt View Post
    ya different profiles.

    I have ang mo telling me this $17 product is expensive, so she brought the $8 one. She staying around Bishan/Thomson area
    Certainly different. Now got more middle management.
    In the past, say, we have 200,000 expats, all of them housing allowance above $20,000 per month.

    Now, we still have the 200,000 expats with $20,000 allowance per month, but we added another 200,000 with $10,000 per month and another 200,000 with $5,000 per month !

    That is why prices have escalated so much in the last few years until now then start to plateau....

    DKSG

  10. #40
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    Quote Originally Posted by Ringo33 View Post
    Profile is different.

    In the past, most expat are senior management, nowadays we have got many fresh grad running away from economic crisis in Europe coming here looking for opportunity.

    There are also many expat those convert from expat to local terms, so need to tighten their belt to move to OCR.
    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

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