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Thread: Silversea (D15, 99 years Leasehold, Far East Organization)

  1. #181
    Just my 2 cent worth.. Guest

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    Quote Originally Posted by The Real 2¢
    If you think other East Coast is not as prime as Meyer Road, go ahead and decalre it should be priced lower than Meyer Road. But don't mis-lead ppl thinking they can buy it at HDB flat price.

    HDB flat is public housing. How can a private condo be priced at public housing price?
    Real 2¢, From Meyer road to HDB, there is still a huge range for different pricing. Definitely, Silversea is better than HDB. On this, I am aligned to you... just not at the same price as Meyer Road condo.

    I think if Seaview, Amber and Esta is selling at 800-1k psf in current market, then it is not logical for any one to pay 1.3K for Silversea.

  2. #182
    Join Date
    Sep 2008
    Posts
    111

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    Quote Originally Posted by newe2
    im a newbie. Wats wrong with fe?
    Hi newe2,

    FE got nothing wrong,just my personal bad experience for my previous house @ D5 by them.As for comments,do a search in this forum,you will be able to Read More.

    Cheers

  3. #183
    registered Guest

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    Quote Originally Posted by Just my 2 cent worth..
    Real 2¢, From Meyer road to HDB, there is still a huge range for different pricing. Definitely, Silversea is better than HDB. On this, I am aligned to you... just not at the same price as Meyer Road condo.

    I think if Seaview, Amber and Esta is selling at 800-1k psf in current market, then it is not logical for any one to pay 1.3K for Silversea.

    the days of "easy" money made by invst bankers thru high comm and bonuses ARE OVER.

    now sanity will come and ppl will not pay sky high prices for a LEASEHOLD S.S CONDO - before u say there is better view of sea - will say SO WHAT ?

    FH CONDO at 800-1K is considered low for amber rd area.......

  4. #184
    Unreg¡stered Guest

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    Quote Originally Posted by registered
    the days of "easy" money made by invst bankers thru high comm and bonuses ARE OVER.

    now sanity will come and ppl will not pay sky high prices for a LEASEHOLD S.S CONDO - before u say there is better view of sea - will say SO WHAT ?

    FH CONDO at 800-1K is considered low for amber rd area.......
    It would be very interesting if Amber Road freehold is sold at the same price as a 99-leasehold in Sengkang.

    $841psf? Anyone is selling?

    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of September 2008

    Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    The Quartz ....... OCR ....... 6 ............................... 841 ................ 738 ............... 694
    Quote Originally Posted by OMG
    OMG!
    TQ has just broken its August record high of $832psf with a new record high of $841psf.
    What's going on?

  5. #185
    Join Date
    Aug 2008
    Posts
    413

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    Quote Originally Posted by Unreg¡stered
    It would be very interesting if Amber Road freehold is sold at the same price as a 99-leasehold in Sengkang.

    $841psf? Anyone is selling?

    I'm selling. Only 650psf.

  6. #186
    Question Guest

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    Quote Originally Posted by Joe6816
    I'm selling. Only 650psf.
    What are you selling at $650psf?

    The Quartz in Sengkang?

    Or Livia in Pasir Ris?

    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of September 2008

    Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Livia ................. OCR ....... 9 ............................... 702 ................ 677 ............... 646

  7. #187
    Unreg¡stered Guest

    Default

    Quote Originally Posted by registered
    the days of "easy" money made by invst bankers thru high comm and bonuses ARE OVER.

    now sanity will come and ppl will not pay sky high prices for a LEASEHOLD S.S CONDO - before u say there is better view of sea - will say SO WHAT ?

    FH CONDO at 800-1K is considered low for amber rd area.......
    Yes, exactly!
    Everyone here is a loser.
    There is only one big winner - IRAS.

    Quote Originally Posted by The Straits Times

    Property sub-sales net $95m profits
    Third-quarter showing still strong but market will soften soon: Experts

    Fiona Chan
    Property Reporter
    Wednesday, 22 October 2008



    Private home prices may have slid in the third quarter but the sub-sale market was still going strong.

    Ninety-six per cent of owners who resold an uncompleted home between July and last month pocketed profits from the deals, according to new data by property consultancy Savills Singapore.

    These transactions, officially known as sub-sales, occur when you buy a home and resell it before it is built. They are used as a proxy for property speculation because the owner resells the home without ever living in it.

    Only 12 sub-sale transactions out of the 306 that Savills analysed in the quarter incurred a loss, amounting to just under $1 million of red ink. The rest made a total of $95.1 million in gains, Savills said.

    This continues the trend in the first half of the year, when 97% of such deals turned in profits. But the profits seen in the third quarter were considerably narrower as home prices started softening more quickly.

    Profitable sub-sellers made an average of $323,420 in the third quarter, but this was skewed upwards by a single large deal: a whopping $6.7 million profit from the sale of a 63rd-storey penthouse at The Sail @ Marina Bay.

    Excluding this sale, the average gain was $301,784 - almost 40% lower than the average gain in the first half of the year. It works out to an average profit for each seller of about 30% over the purchase price.

    Still, 'to be able to achieve such gains in a year when the property market has gone into a standstill is highly commendable', said Mr Ku Swee Yong, director of business development and marketing at Savills Singapore.

    But in case would-be speculators become tempted by these gains, other consultants noted that the bulk of these deals probably occurred before the Sept 14 collapse of United States investment bank Lehman Brothers, which caused the financial crisis to take a sudden turn for the worse.

    'The real estate market typically lags behind the stock market by six months or more, so we will probably start to see the real effect early next year,' said Mr Nicholas Mak, director of research and consultancy at Knight Frank.

    'These profitable sub-sale transactions took place before the market hit the skids. It is extremely risky to go and speculate in the market right now.'

    Most sellers who made a profit in the third quarter had originally bought their units in the last two years and benefited from the sharp run-up in prices in the period, said Mr Ku. While values have weakened somewhat this year, they are still generally higher than in 2006.

    Sellers who held on to their units for a longer time before reselling them in the third quarter made more gains, Savills' data showed. Even those who had bought a unit as late as this year and offloaded it in the third quarter made an average gain of $98,600.

    If they had sold the unit in the first half of the year, however, they would probably have doubled their gain.

    The biggest profits of more than $1 million each were for units at The Sail @ Marina Bay, St Regis Residences and Cairnhill Residences.

    On the flip side, sub-sale losses for the quarter averaged $76,820 for each loss-making deal. A unit at Watermark Robertson Quay chalked up the biggest loss of $207,552, while units at Soleil @ Sinaran, 8 @ Mt Sophia and One Amber were also sold at losses of more than $100,000 each.

    All the losses were for units that had been bought last year or this year, according to Savills' data. Sub-sellers who had bought their units at the peak of property fever, between June and September last year, bled the most.

    'In any case, there are always desperate sale cases even during good times,' Mr Ku noted.

    The Sail @ Marina Bay had the largest number of sub-sales in the quarter - 19 - with each deal netting its seller an average profit of $1.1 million. There was one loss, of $62,890, for a second-floor unit.

    Other projects with more than 10 sub-sales included Parc Emily in Dhoby Ghaut, Park Infinia at Wee Nam, Riveredge in Tanjong Rhu and The Esta in Marine Parade.

    But the profits were not just confined to developments in the prime districts.

    At Casa Merah in Tanah Merah, 10 sub-sales yielded an average profit of $100,351, while Atrium Residences in Geylang saw four sub-sales with an average gain of $54,556.

  8. #188
    Join Date
    Aug 2008
    Posts
    413

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    Quote Originally Posted by Question
    What are you selling at $650psf?

    The Quartz in Sengkang?

    Or Livia in Pasir Ris?

    ONE AMBER. Only 650psf

  9. #189
    Question! Guest

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    Quote Originally Posted by Joe6816

    ONE AMBER. Only 650psf

    Size of unit? Which floor and stack?

  10. #190
    Just my 2 cent worth.. Guest

    Default

    Quote Originally Posted by registered
    the days of "easy" money made by invst bankers thru high comm and bonuses ARE OVER.

    now sanity will come and ppl will not pay sky high prices for a LEASEHOLD S.S CONDO - before u say there is better view of sea - will say SO WHAT ?

    FH CONDO at 800-1K is considered low for amber rd area.......

    I really dont understand ... first you say .. "now sanity will come and ppl will not pay sky high prices for a LEASEHOLD " then you say "FH CONDO at 800-1K is considered low for amber rd area......."

    what is the message that you want to deliver.

    Don't think 800-1k psf for amber area is low price, it is the right price for current market condition. Silversea is overpriced at 1.3kpsf. But given the bleak outlook, amber area price (in fact most good location property) may go down further. whether it will go down to 650psf , i think it depends on how hard Singapore is being hit next year.. which is still unclear now.. just my thoughts

  11. #191
    Join Date
    Aug 2008
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    Quote Originally Posted by Question!
    Size of unit? Which floor and stack?

    3+1, stack 16. No noon sun

  12. #192
    Just my 2 cent worth.. Guest

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    Quote Originally Posted by Joe6816
    3+1, stack 16. No noon sun
    http://www.singaporeexpats.com/singa...ta/typeB3a.jpg

    <$1mil ?

  13. #193
    Join Date
    Aug 2008
    Posts
    413

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    Quote Originally Posted by Joe6816
    3+1, stack 16. No noon sun

    It's One amber. 3+1 room. Stack 16. Not Esta

  14. #194
    Question! Guest

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    Quote Originally Posted by Joe6816
    It's One amber. 3+1 room. Stack 16. Not Esta
    Size? And which floor? Do you have floor plan to view?

  15. #195
    Join Date
    Apr 2008
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    263

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    how come joe sell one amber

    sell until to here?

  16. #196
    esta_650psf Guest

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    Quote Originally Posted by Just my 2 cent worth..
    http://homelist101.com/newprojects/o...ns/type_C6.pdf
    1378 x 650 = $895700, even < $900K! call him now!!! :P

  17. #197
    Join Date
    Sep 2008
    Posts
    111

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    Quote Originally Posted by buy
    how come joe sell one amber

    sell until to here?
    Maybe sooner or later he will also sell Silversea

  18. #198
    Reg¡stered Guest

    Default

    Quote Originally Posted by Joe6816

    ONE AMBER. Only 650psf
    No thanks!
    Better don't buy your unit.

    So many bought 99LH Livia in PAsir Ris recently and gave your D15 FH unit a miss.
    Your unit must be a lousy cursed unit.

    If it is good, they would bought your unit at the same price.
    Too bad for you!

    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of September 2008

    Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Livia ................. OCR ....... 9 ............................... 702 ................ 677 ............... 646

  19. #199
    Join Date
    Mar 2008
    Posts
    97

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    Quote Originally Posted by Reg¡stered
    No thanks!
    Better don't buy your unit.

    So many bought 99LH Livia in PAsir Ris recently and gave your D15 FH unit a miss.
    Your unit must be a lousy cursed unit.

    If it is good, they would bought your unit at the same price.
    Too bad for you!
    livia is overpriced for its location

  20. #200
    Haha Guest

    Default

    Quote Originally Posted by Unreg¡stered
    Yes, exactly!
    Everyone here is a loser.
    There is only one big winner - IRAS.
    Quote Originally Posted by The Straits Times

    Property sub-sales net $95m profits
    Third-quarter showing still strong but market will soften soon: Experts

    Fiona Chan
    Property Reporter
    Wednesday, 22 October 2008



    Private home prices may have slid in the third quarter but the sub-sale market was still going strong.

    Ninety-six per cent of owners who resold an uncompleted home between July and last month pocketed profits from the deals, according to new data by property consultancy Savills Singapore.

    These transactions, officially known as sub-sales, occur when you buy a home and resell it before it is built. They are used as a proxy for property speculation because the owner resells the home without ever living in it.

    Only 12 sub-sale transactions out of the 306 that Savills analysed in the quarter incurred a loss, amounting to just under $1 million of red ink. The rest made a total of $95.1 million in gains, Savills said.

    This continues the trend in the first half of the year, when 97% of such deals turned in profits. But the profits seen in the third quarter were considerably narrower as home prices started softening more quickly.

    Profitable sub-sellers made an average of $323,420 in the third quarter, but this was skewed upwards by a single large deal: a whopping $6.7 million profit from the sale of a 63rd-storey penthouse at The Sail @ Marina Bay.

    Excluding this sale, the average gain was $301,784 - almost 40% lower than the average gain in the first half of the year. It works out to an average profit for each seller of about 30% over the purchase price.

    Still, 'to be able to achieve such gains in a year when the property market has gone into a standstill is highly commendable', said Mr Ku Swee Yong, director of business development and marketing at Savills Singapore.

    But in case would-be speculators become tempted by these gains, other consultants noted that the bulk of these deals probably occurred before the Sept 14 collapse of United States investment bank Lehman Brothers, which caused the financial crisis to take a sudden turn for the worse.

    'The real estate market typically lags behind the stock market by six months or more, so we will probably start to see the real effect early next year,' said Mr Nicholas Mak, director of research and consultancy at Knight Frank.

    'These profitable sub-sale transactions took place before the market hit the skids. It is extremely risky to go and speculate in the market right now.'

    Most sellers who made a profit in the third quarter had originally bought their units in the last two years and benefited from the sharp run-up in prices in the period, said Mr Ku. While values have weakened somewhat this year, they are still generally higher than in 2006.

    Sellers who held on to their units for a longer time before reselling them in the third quarter made more gains, Savills' data showed. Even those who had bought a unit as late as this year and offloaded it in the third quarter made an average gain of $98,600.

    If they had sold the unit in the first half of the year, however, they would probably have doubled their gain.

    The biggest profits of more than $1 million each were for units at The Sail @ Marina Bay, St Regis Residences and Cairnhill Residences.

    On the flip side, sub-sale losses for the quarter averaged $76,820 for each loss-making deal. A unit at Watermark Robertson Quay chalked up the biggest loss of $207,552, while units at Soleil @ Sinaran, 8 @ Mt Sophia and One Amber were also sold at losses of more than $100,000 each.

    All the losses were for units that had been bought last year or this year, according to Savills' data. Sub-sellers who had bought their units at the peak of property fever, between June and September last year, bled the most.

    'In any case, there are always desperate sale cases even during good times,' Mr Ku noted.

    The Sail @ Marina Bay had the largest number of sub-sales in the quarter - 19 - with each deal netting its seller an average profit of $1.1 million. There was one loss, of $62,890, for a second-floor unit.

    Other projects with more than 10 sub-sales included Parc Emily in Dhoby Ghaut, Park Infinia at Wee Nam, Riveredge in Tanjong Rhu and The Esta in Marine Parade.

    But the profits were not just confined to developments in the prime districts.

    At Casa Merah in Tanah Merah, 10 sub-sales yielded an average profit of $100,351, while Atrium Residences in Geylang saw four sub-sales with an average gain of $54,556.
    Wow!
    I should have worked as an agent for the last 3 months and grabbed all these deals for myself.
    The commission is more than enough for me to retire!

  21. #201
    What? Guest

    Default

    Quote Originally Posted by toaler
    livia is overpriced for its location
    Overpriced? Sure?
    Cheaper than TQ in Sengkang.

    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of September 2008

    Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    The Quartz ....... OCR ....... 6 ............................... 841 ................ 738 ............... 694
    Quote Originally Posted by OMG
    OMG!
    TQ has just broken its August record high of $832psf with a new record high of $841psf.
    What's going on?

  22. #202
    Please! Guest

    Default

    Quote Originally Posted by Reg¡stered
    No thanks!
    Better don't buy your unit.

    So many bought 99LH Livia in PAsir Ris recently and gave your D15 FH unit a miss.
    Your unit must be a lousy cursed unit.

    If it is good, they would bought your unit at the same price.
    Too bad for you!
    Do you know why they bought 99-leasehold Livia in Pasir Ris instead of Joe6816's freehold OneAmber at the same price?

    Why don't they do it since it is a better deal?

    Why?

    Because Joe6816 is a conman!

  23. #203
    Say What Guest

    Default

    Quote Originally Posted by Please!
    Do you know why they bought 99-leasehold Livia in Pasir Ris instead of Joe6816's freehold OneAmber at the same price?

    Why don't they do it since it is a better deal?

    Why?

    Because Joe6816 is a conman!

    How did he con people? Details please?!

  24. #204
    NPR Guest

    Default

    Quote Originally Posted by Say What
    How did he con people? Details please?!
    i know .. i know ..
    he advertised 650psf .. get people interested ..
    then bring them to Livia and sell them Livia ..
    otherwise how come Livia same price as his 650psf ??

    i very smart right ?? hee hee !!

  25. #205
    Unregistered Person Guest

    Default

    Stack 16 is 3rm unit. Not 3+1.

    650psf is unbelievable, desperate seller? Low floor?

  26. #206
    Unregistered Person Guest

    Default

    And just for everyone's info, One Amber's substation is just at stack 16.

  27. #207
    Reg¡stered Guest

    Default

    Quote Originally Posted by Please!
    Do you know why they bought 99-leasehold Livia in Pasir Ris instead of Joe6816's freehold OneAmber at the same price?

    Why don't they do it since it is a better deal?

    Why?

    Because Joe6816 is a conman!
    Quote Originally Posted by Say What
    How did he con people? Details please?!
    Quote Originally Posted by NPR
    i know .. i know ..
    he advertised 650psf .. get people interested ..
    then bring them to Livia and sell them Livia ..
    otherwise how come Livia same price as his 650psf ??

    i very smart right ?? hee hee !!
    Why this Joe want to do this kind of thing?
    Does he think we are 3-year-old kids?

  28. #208
    Uregistered Guest

    Default

    vvery blur - or what - this is silversea thread - come to the point

  29. #209
    Boyboy Guest

    Default

    Quote Originally Posted by NPR
    i know .. i know ..
    he advertised 650psf .. get people interested ..
    then bring them to Livia and sell them Livia ..
    otherwise how come Livia same price as his 650psf ??

    i very smart right ?? hee hee !!
    Yes, you very smart. Lucky you didn't call him. If not you end up buying Livia. It's so smart of you to think of it. But who is so stupid that want to buy one amber but end up with Livia.

  30. #210
    Just my 2 cent worth.. Guest

    Talking

    Quote Originally Posted by esta_650psf
    http://homelist101.com/newprojects/o...ns/type_C6.pdf
    1378 x 650 = $895700, even < $900K! call him now!!! :P
    Thanks. I prefer esta's unit layout.

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