Lenin,Originally Posted by stalingrad
Dun be a commie, just accept the fact that in life you cannot be the winner all the time. I see you love to attack other condos within D5, i sense you worry about `competition'. Fact remains, The Parc is nicer than Carabelle. But i think its the color scheme chosen by Sim Lian, nothing that the MCST cannot fix in a few years time. But once a nicer color is chosen, it will just fade and blends into the surrounding. But at least, it wouldnt be the thorn among the roses of Botannia, Infinite, etc. Fact remains, both CES and Sim Lian are also HDB main con. Fact remains The Parc uses stone flooring aka marble or granite (in this case its marble). Fact remains The Parc is highly speculated back in 2007.
A close friend of mine bought 15 units at 1 shot and he has been trying to offload since last year....he offered me a very high floor with sea view at his cost ($870 psf all costs included) but i declined as this is not my pet district. Till date, he is left with 3 above 20th floor units but has since raised his asking to $1100 psf. he is not the only one who bought multiple units, another one bought 10 units and yet another bought 20 units. Till date, CES I think still have some units left over but mostly low floor.
End of day, why do u want to put down other people's home/ investments? It makes you feel good when you managed to floor somebody? C'mon, i think its better that the whole district gets lifted up and your carabelle rides along with the wave, isnt it?
And no point calling the buyers at The Parc morons. Just becoz you bought at at $600 psf and lower than them? Unless you are willing to sell to them your carabelle at $600 psf....at the end of the day, as long as people makes money, why do u care? Or you only feel happy if you can make more money than others? C'mon, this world has enough for everybody to make money, be it ppty or other classes of investments.
I have argued at length with many bulls here but the sg mkt has proven me wrong at least in these past 12 months. I have not added a single ppty in singapore in the past 12 months but I have no bitterness with those who made money here. I only feel sad for the next generation that they have to work longer and harder than their parents to pay off the housing loan. I guess that's why the govt recognizes if income remains at current levels, it will be unsustainable and there, we need to reinvent our economy. raising productivity is good but also not sustainable in the long run, IRs, F1, these will only attract foreigners but will never bring us the increase in income. Singapore definitely need something more innovative. That to me is the $1mio question we all have to ask ourselves.
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