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Thread: Poor sales for new units in Prime area

  1. #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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  2. #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?

  3. #53
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    Any big news coming that will turn the tides?

  4. #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.

  5. #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

  6. #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.

  7. #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.

  8. #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.

  9. #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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