is this considered a good buy?

[Yuki]

Just saw this..

RIS GRANDEUR ELIAS ROAD Condominium 18 OCR Freehold 1 800,000 size 1,109 Strata 06 to 10 722psf

[sporadic]

Yes. Freehold, decent size, low psf, not the best, but not the worst location.

[Xan]

Just saw this..

RIS GRANDEUR ELIAS ROAD Condominium 18 OCR Freehold 1 800,000 size 1,109 Strata 06 to 10 722psf

In 2005/2006, the agent quoted me 3 bedder at RG for about 730k, brand new.
I can't remember whether the size 1109sqft is a 3 bedder.
If it is, I would say 800k for a 3 bedder in today's context is very cheap.
Seems like fire sales.

[Yuki]

In 2005/2006, the agent quoted me 3 bedder at RG for about 730k, brand new.
I can't remember whether the size 1109sqft is a 3 bedder.
If it is, I would say 800k for a 3 bedder in today's context is very cheap.
Seems like fire sales.

I see..too bad I wasn't the lucky buyer.

Have been keeping tab on this project.. But no unit was advertised at this price.

[xebay11]

I see..too bad I wasn't the lucky buyer.

Have been keeping tab on this project.. But no unit was advertised at this price.

The keyword is advertised, fire sales are never advertised, only sold by word of mouth, look for agents who specialise in this condo and talk to them. Good Luck!

[Xan]

I see..too bad I wasn't the lucky buyer.

Have been keeping tab on this project.. But no unit was advertised at this price.

Projects that TOP around the same time as RG had price that already gone up more than twice. E.g savannah, kovan melody, and condos at flora drive.

If RG selling at 800k for a 1109sqft, it is like the selling price in 2006/2007.
Basically, Seller is not making any profit at all.
Seems fishy.

[Cyberknight]

Buy for own stay ok.

Buy for investment. NOPE. Buy cheap, sell cheap. If over 9 yrs, the ppty only appreciated fr $730k to $800k, wat does it say?

[Xan]

Frankly, project that are of similar price range in 2006 as RG such as savannah, eldewisse had nothing to shout about based on its location and amenities. The only good thing is these condos have very nice landscape and water features.
But both the other two condo price had doubled by now.
I suspect RG case could be a stand alone one.
Look at RG other transaction, mostly done ard 9xx to 10xxpsf.

[teddybear]

Could also be "insider transaction" or under-reported transaction to save on ABSD??

Frankly, project that are of similar price range in 2006 as RG such as savannah, eldewisse had nothing to shout about based on its location and amenities. The only good thing is these condos have very nice landscape and water features.
But both the other two condo price had doubled by now.
I suspect RG case could be a stand alone one.
Look at RG other transaction, mostly done ard 9xx to 10xxpsf.

[Arcachon]

Customer Name : Mr
ID Number :
Email Address :
Contact Numbers :
Feedback Received Date : 24/10/2007

Dear Mr

Thank you for your feedback. We have investigated and confirmed that the caveat of this unit at Southbank was lodged after the sub-purchaser signed fresh agreement with the developer. However, in lodging the caveat, the sub-purchaser quoted the price paid by the original purchaser instead of the sub-sale price. We have therefore removed the record since it does not reflect the actual transaction price. We apologise for any inconvenience caused.


Regards
Customer Support, Property Research Section
tel: +65 6329-3357 / +65 6321-8015
fax: +65 6321-6596

Urban Redevelopment Authority § Property Research Section § Privileged/Confidential information may be contained in this message. If you are not the intended recipient, you must not copy, distribute or use it for any purpose, nor disclose its contents to any other person. Please notify the sender immediately if you receive this in error § Check out our website at http://www.ura.gov.sg

----------------------------------------------------------------

Your earlier feedback received on 24/10/2007 :

Is there a mistake on the unit price on Sep-07 for SouthBank Apartment for 583 $psf.

Floor Area (Sqft) Unit Price ($psf) Date
904 527,000 583 Sep-07
SOUTHBANK NORTH BRIDGE ROAD Apartment

[RSG]

Projects that TOP around the same time as RG had price that already gone up more than twice. E.g savannah, kovan melody, and condos at flora drive.

If RG selling at 800k for a 1109sqft, it is like the selling price in 2006/2007.
Basically, Seller is not making any profit at all.
Seems fishy.

There was a fire in one of the unit at RG recently. Could it be the one that is for sale?

[polarinda]

Maybe the hse something wrong.

[Arcachon]

Nothing wrong, URA property caveat you can report any amount and they don't check. If you report wrong, they just say sorry loh.

[Arcachon]

Maybe the hse something wrong.

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[Yuki]

There was a fire in one of the unit at RG recently. Could it be the one that is for sale?

Yes there is a fire. N its very bad.

Maybe so bad that its sold as it is...

When firesales I also worry....is it the house. ..humm..got invisible guests?

Aiya..I watched too many scary shows already.

[eng81157]

Yes there is a fire. N its very bad.

Maybe so bad that its sold as it is...

When firesales I also worry....is it the house. ..humm..got invisible guests?

Aiya..I watched too many scary shows already.

maybe you should top scaring yourself?

[iwantgizmos]

Yes there is a fire. N its very bad.

Maybe so bad that its sold as it is...

When firesales I also worry....is it the house. ..humm..got invisible guests?

Aiya..I watched too many scary shows already.

is the unit on 15th floor?

[Strata]

is the unit on 15th floor?

I thought it stated btw 6-10 flr. Could it be selling to NOK or close reative? Or some FT to relocate back to elsewhere need to release the unit urgently? I dont think local with sell at that price.

[Xan]

A few thoughts come to mind:

1) if NOK buy 1% from existing seller (with the purpose just to include name and share ownership), would caveat be lodged? I hv this thot because I see it as a new transaction. Not sure how it works.
2) if pt one is true, can we Suka Suka sell at a lower price to nok so as to minimize stamp duty? But of coz this would sabotage the price in RG.

Pardon for my ignorance. Just curious.

[teddybear]

You can buy at any price and lodge the caveat! Whether you can minimize payment of stamp duty by buying at 50% or more off market price (because of insider transaction) is another story altogether.

A few thoughts come to mind:

1) if NOK buy 1% from existing seller (with the purpose just to include name and share ownership), would caveat be lodged? I hv this thot because I see it as a new transaction. Not sure how it works.
2) if pt one is true, can we Suka Suka sell at a lower price to nok so as to minimize stamp duty? But of coz this would sabotage the price in RG.

Pardon for my ignorance. Just curious.

[Yuki]

I thought it stated btw 6-10 flr. Could it be selling to NOK or close reative? Or some FT to relocate back to elsewhere need to release the unit urgently? I dont think local with sell at that price.

What is nok?

[eng81157]

What is nok?

next of kin

[Arcachon]

Let me guessssssssssssssssssss.

OK.

http://forums.condosingapore.com/sho...t=21905&page=3