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Thread: Is the market losing steam?

  1. #11

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    Quote Originally Posted by Arcachon View Post
    Just like 2006, where were you in 2006. did you miss the action and going to miss this also.

    You are mixing apples with oranges, very dangerous when looking at property this way.

    Those who say crash crash crash are no longer around, soon those who say how to chiong will be gone also.
    We shall see how the market play out over the next two quarters to get a better feel of the market.

  2. #12

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    My feel is that buyers in Singapore know there are options and some are holding back if they are eyeing certain locations ONLY. If they want to go in this year, if its something they like, I think they will go in.

    Therefore launches that are of 'good value', it will still be 80-90% sold within a year or so after launch (total units, not by phases). The new age of buyers are definitely more discerning than say 10 years ago. I would put it as market sophistication as now there are a lot more information at their finger tips to make those decisions.

  3. #13
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    Quote Originally Posted by PropVestor View Post
    My feel is that buyers in Singapore know there are options and some are holding back if they are eyeing certain locations ONLY. If they want to go in this year, if its something they like, I think they will go in.

    Therefore launches that are of 'good value', it will still be 80-90% sold within a year or so after launch (total units, not by phases). The new age of buyers are definitely more discerning than say 10 years ago. I would put it as market sophistication as now there are a lot more information at their finger tips to make those decisions.
    True, there are people who are holding back since 2013 and still holding for another year or two should not be a problem.

    Once they start to see 'good value' then the down cycle begin and they will be still holding back.

  4. #14

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    The next 6 to 9 months, we can be more confidence if the current buying interest is that of a 'dead cat bounced' which will lead to continuous down trend thereafter or the market will take off from here for another bull run like we witness between 2009 to 2013.

  5. #15

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    this is not Commonwealth Towers - MRT is not at the doorstep of the condo.

    Serangoon is RCR, not OCR.

    I like the Affinity site, it sits on elevated road, with a small side road in front. Those condos facing the landed houses will have nice views.

    The only drawback is the location - it's not easily accessible via MRT, I don't see why buyers should pay a premium.

    Where are the cash-rich buyers with plenty of money to spare from en blco sales proceeds? what's 10-20% premium to current prices to them? why don't they snap up the units if they feel they are getting good deals?

  6. #16

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    many enbloc cash rich may not be so interested with new projects due to its size and high psf, but since youngsters mostly keen with new sale and has aspiration to stay condo then parents end up helping them buy.

  7. #17
    Join Date
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    Quote Originally Posted by sginvestor View Post
    this is not Commonwealth Towers - MRT is not at the doorstep of the condo.

    Serangoon is RCR, not OCR.

    I like the Affinity site, it sits on elevated road, with a small side road in front. Those condos facing the landed houses will have nice views.

    The only drawback is the location - it's not easily accessible via MRT, I don't see why buyers should pay a premium.

    Where are the cash-rich buyers with plenty of money to spare from en blco sales proceeds? what's 10-20% premium to current prices to them? why don't they snap up the units if they feel they are getting good deals?
    CRL MRT station nearby, for those who know and those who don't.



    Interesting what a child know more about CRL MRT.
    Last edited by Arcachon; 5th June 2018 at 11:24 PM.

  8. #18

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    Quote Originally Posted by Arcachon View Post
    True, there are people who are holding back since 2013 and still holding for another year or two should not be a problem.

    Once they start to see 'good value' then the down cycle begin and they will be still holding back.
    Most who buy in recent OCR/RCR launches are not the Ultra High Nett Worth types who can own multiple units or the New Futura. Their bullets are limited. They need to assess carefully as this might be their only other investment property other than their own stay. The current new launch prices are indeed a little hard to swallow. If re-sale does not pick up too, I think we are in trouble. Where has most of the en-bloc liquidity go to?

  9. #19

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    i attended a seminar, and the presentation was about $8 billion enbloc liquidity from last year, and the guy was so confident that the money will come back into the new projects. Wonder how is that linked to the initial launch results?

  10. #20

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    Quote Originally Posted by tick View Post
    i attended a seminar, and the presentation was about $8 billion enbloc liquidity from last year, and the guy was so confident that the money will come back into the new projects. Wonder how is that linked to the initial launch results?
    In a typical old private development sold en bloc (not HUDC), owner occupier is about 60% and investor is about 40%. Most owner occupiers will buy resale to stay. Of these, some will buy HDB flats for retirement and some will buy old private resale so that they can move in. The investors can wait to buy and in no hurry to buy. If they should buy now, they will buy resale for immediate rental income. Almost all en blocers will not buy new launch.

    You are right, if resale is not picking up, it is not a good sign. Perhaps, more are buying HDB flats for retirement since aging HDB flat prices are coming down much faster since the Minister confirmed that price of HDB flat will become zero upon reaching 99 years. The money from en blocers are not flowing back into the market as much as property agents and property agencies are trying hard to impress the market.

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