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Thread: Park Colonial Condo

  1. #36
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    Quote Originally Posted by Kelonguni View Post
    You can choose not to eat chicken or rice. If there are other staple food that are priced low, food inflation would be moderate.

    As for housing, there is only HDB, or HDB plus private, or private only (all the different types). HDB plus private has just been made incredibly expensive by ABSD.

    Existing private land costs and construction costs already have broken records. For the developers that already have their sites, they have to sell closer to costs, contain costs, but will not sell below cost. The tax costs now further increases the cost of future supply.

    Donít believe, just continue to wait. But asking people to forfeit their deposit, one is most likely to be pelted with rotten eggs later. Then what, change nickname again?
    not really - you haven't answered the qn about the $200k difference

  2. #37
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    Quote Originally Posted by sginvestor View Post
    not really

    Park colonial -635sq ft 1.1m
    Tre ver - 646 sq ft, 890k

    Isnít that 200k difference?
    One is beside mrt, the other one is 10mins from mrt. Apple to apple comparison huh..?

  3. #38
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    Quote Originally Posted by jwong71 View Post
    One is beside mrt, the other one is 10mins from mrt. Apple to apple comparison huh..?
    Right on, apple to apple, there is no one size fit all.

  4. #39
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    Quote Originally Posted by sginvestor View Post
    not really - you haven't answered the qn about the $200k difference
    One is beside mrt, and one is 10min walk mrt. That’s your 200k difference.

  5. #40
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    Quote Originally Posted by sginvestor View Post
    not really - you haven't answered the qn about the $200k difference
    Not sure if you are referring to inter development 200K or intra development 200K.

    Offerings can differ due to different site localities or different Builders employed or different plans in place. Cheapest might not be good.

    As for intra development price adjustments, based on past analysis of selected condos when TDSR was adopted, small units did not register any fall as they were sold out before the indices fell. Moderate sizes (1000 sf) fell 100K at max and luxury or giant sized units may fall 200K.

    Whatís most important is that people who wait will happily wait through that very short period (maybe some other new criterion not fulfilled), and prices recovered very fast back to the pre TDSR period.

    What is unknown is if ABSD plus financing changes would bring about a significant fall in prices. Both these had very marginal (less that 3-5%) impact on prices when they were implemented in the past. For some countries, they did not even cause prices to slow.

    My thoughts are that they will instead cause a shift in buying strategy to avoid ABSD.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

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