Is this kidding or for real?Originally Posted by SAMSON, Next Insight, 1 February 2010 4.07 pm
Is this kidding or for real?Originally Posted by SAMSON, Next Insight, 1 February 2010 4.07 pm
so good.. how to get into VIP room?Originally Posted by Reporter
I emailed them about the Premium player status coz maybe can use the rewards points to redeem food vouchers and hotel stay without spending a dime. They told me wait my turn ..... and stay tune to their newsletter...
Think only property_owner can enlightened us ..
Have you bought your landed property yet?Originally Posted by focus
Quickly buy it!
Otherwise your $6.8 million cash's going to disappear into the casino VIP room.
That's another advantage of buying a property. It prevents your money from being sucked up by these casinos.
Haha.. i hope I won't be that dumb to do that... (the casino I mean)..Originally Posted by jlrx
But i'm already playing the largest casino in the world.. stock market.. very exciting! :P
Top selling private properties in January
AsiaOne
Thursday, 4 February 2010
For the month of January, Far East Organization is believed to have been the top seller, with sales of close to 300 units. Its bestseller was The Shore Residences, a 103-year-old condominium project on the former Rose Garden site in Katong. Far East is understood to have sold over 140 units in the project last month. - Photo: FEO
For the month of January, Far East Organization (FEO) is believed to have been the top seller, with sales of close to 300 units.
CB Richard Ellis executive director (residential) Joseph Tan says: 'Generally, buyers are showing more interest and there's acceptance that prices have bottomed out with a strong likelihood of growth. Developers in their pricing policy should also leave room for capital appreciation for investors.'
City Developments sold 243 units in January, the bulk of which were in Cube 8 at Thomson Road (167 units). -- Photo: CDL
City Developments sold the rest in Livia in Pasir Ris (59 units). -- Photo: CDL
Fellow property giant CapitaLand also did brisk sales. Its 165-unit Urban Suites condo in the Cairnhill area is said to be left with fewer than 30 units. -- Photo: CapitaLand
Frasers Centrepoint sold a total 102 units last month, including 43 units at its Residences Botanique in the Yio Chu Kang/Sirat roads area. -- Photo: Frasers Centrepoint
Allgreen Properties is also believed to have sold a total 62 units from its preview of Holland Residences last week. The average price is $1,625 psf. -- Photo: CBRE
Property marketProsperous = Casino Prosperous = Electrion Soon
Property Market Fall = Casino Effected = Economy Effected = Government Effected.
They had invited me already. I'm still thinking.Originally Posted by focus
Originally Posted by Regulators
willing seller willing buyer, cannot say rip off lah LOL
The feeling of getting ripped off usually comes after the sale.
Originally Posted by august
I knew it! Maybe can long-pang a few of us into the VIP room for us to experience the feeling of being a VIPOriginally Posted by Property_Owner
Originally Posted by focus
First of all wifey got to give the green light. I got into trouble with her after blowing a R8 2 years back @ Skycity.
hehe.. but if your passive income is > than a R8.. what is the problemOriginally Posted by Property_Owner
Anyway, it's a happy problem to be getting into.. blowing an R8 and only the wife nags... It shows your moola is strong..
Better decline! Your 40+ properties are in danger!Originally Posted by Property_Owner
What "passive income"?Originally Posted by focus
Property_Owner, although old, is still running his business and thinking of selling toothpaste to China market.
Unlike you, only 36, already retired after making so much money.
I'm quite sure the 72 buyers of terrace houses at Jalan Pacheli below won't feel "ripped off".Originally Posted by Regulators
Originally Posted by jlrx
Sengkang site draws top bid of 365psf from CDL!!!
This is even higher than the MCL Land's Yishun site of 350psf with just a lousy LRT station and view of Sungai Punggol
Last edited by jitkiat; 04-02-10 at 16:56.
The PredictionsOriginally Posted by jitkiat
Ngee Ann Polytechnic real estate lecturer Nicholas Mak expects three to seven bids for the site, and reckons that the top few bids will be in the region of $260-$300 psf per plot ratio.
Peter Ow, Knight Frank’s executive director for residential, is more bullish – he expects the winning bid to be in the region of $370-$420 psf per plot ratio. He also feels that the site will receive ‘more than a few’ bids.
The Facts
Business Times - 04 Feb 2010
Update: CDL tops tender for Sengkang private condo plot with bid of $365.26 psf ppr
By KALPANA RASHIWALA
A subsidiary of City Developments has placed the top bid at a state tender for a 99-year leasehold private condominium site at Sengkang West Avenue/Fernvale Link.
The top bid is $200.5 million or $365.26 per square foot of potential gross floor area. The tender drew a total 10 bids.
The Conclusion
The final bid does not lie within the range of any prediction.
Record 6.2M visited Sentosa in 2009
The Straits Times
Thursday, 4 February 2010, 5.12 pm
Popular events like ZoukOut and the Siloso Beach Party registered bigger turnouts and school holidays saw more guests turning up. -- Photo: Samuel He, ST
Despite the economic downturn, the resort-island of Sentosa drew a record number of 6.2 million visitors last year, pushing the annual guest arrivals up by 50% from 2003.
December was also its best month, with 652,000 visitors into the island, which Sentosa Development Corporation (SDC) attributed to 'the return of positive sentiment to Singapore's tourism industry and the recovery of the global economy.'
The number of domestic and international tourists to the island for December grew 4% and 7% respectively, from the previous year. Popular events like ZoukOut and the Siloso Beach Party registered bigger turnouts and school holidays saw more guests turning up.
SDC chief executive officer Mike Barclay said on Thursday: 'We are very pleased that we ended the year on a positive note and head steady during the challenging months of the downturn.'
He expects visitors to the island to more than double this year, with the opening of Resorts World at Sentosa (RWS).
With the addition of RWS, Sentosa will be home to more than 240 attractions, restaurants, beach bars, hotels, spas and retail outlets.
No wonder CDL's Sunmaster dare to go for a breakeven of around $750 psf for the new Sengkang land parcel.Originally Posted by Reporter, The Quartz, 4 February 2010 11.49 pm
If going-7-year-old Compass Heights in District-19 Sengkang can hit nëw hïgh of $899 psf, why should CDL not able to hit high of $1,199 psf with the new Sengkang site?
Shanghai One in District 10 has hit a hïgh of $1,257 psf!Originally Posted by Reporter, Shanghai One, 5 February 2010 12.48 am
Someone claimed he can buy around $1,000 psf. He must be another lucky guy smiling to the bank now!
You should take a shot of the stretch of petrochemical plants in Pasir Gudang with the thick smoke spewing over to Singapore...
Originally Posted by jitkiat
I thought you were joking that the LRT station in the above picture is "Lao Yar" (i.e. lousy).Originally Posted by jitkiat
But I checked the map, there is actually a Layar LRT station.
No U-turn in foreigner policy: SM Goh
Jeremy Au Yong
Political Correspondent
The Straits Times
Manama, Bahrain
Friday, 5 February 2010
The Government's recent moves to slow the influx of foreigners do not mark a 'sudden turnaround' in policy, said Senior Minister Goh Chok Tong yesterday.
Rather, it is simply a recognition that the country is nearing what it can accommodate. While foreign worker numbers may still rise, it will now grow more slowly.
Speaking to Singapore reporters in Bahrain at the end of a six-day visit to the Middle East, SM Goh explained that Singapore needed to be open to foreign workers in the past to fuel its rapid growth.
'If you look at the last decade, we wanted to grow fast. And there were opportunities to grow fast. Employers were crying for workers. We were trying to tighten the dependency on foreign workers, but the demand for goods and services from Singapore was high, so we liberalised. Then once we reach the limit, you've got to tighten,' he said.
The Government, he said, constantly monitors its policies and tweaks them where needed.
'Past models which have worked may not work in the future, so we've got to constantly monitor, adjust when necessary, sometimes even discard. But in our case it's modifying the model, not discarding the old model,' he said.
SM Goh also made it a point to stress that striking the right balance was just one aspect of the foreign-local issue. Permanent residents were another major part.
He said the Government was reviewing the PR scheme to try and make sure foreigners do not exploit it: 'If you want to come to Singapore, decide to be a PR, the logical conclusion must be Singapore citizenship. Do your fair share contributing as Singapore citizens.'
The balance between foreigners and locals in Singapore has been a key focus of the Government in recent years, and this week's Economic Strategies Committee (ESC) report also addresses the issue.
For instance, it suggests increasing productivity to reduce the dependence on foreign labour.
Speaking about the report, SM Goh noted that increasing productivity had been a focus as far back as 1978, when it prescribed high wages for locals as a way to boost productivity.
This time around - though the aim is largely the same - there is an additional weapon: the foreign worker levy.
'Unlike 1978 when we raised wages of our local population by a very high margin, this time you can calibrate the increase in prices through the foreign worker levy,' he said.
This was not a case of going out just to cut foreign worker numbers, but rather to 'price them more correctly'.
Said SM Goh: 'When you price the foreign levy at a more correct rate, then the market will decide what industries can still be in Singapore paying this price of levy.'
However, he said it would be a challenge doing this at the right pace, without putting off too many: 'If you overdo it, at too fast a pace, for example, and too many companies cannot cope with the higher cost of production, you may end up with a mild recession. If you are not careful at all, you can end up with a deep recession.'
Fortunately, he said, Singapore can draw from past lessons: 'We have the advantage of the 1978 experience in using prices to raise productivity and of course the advantage of knowing how far you can go and how fast you can go.'
To the Senior Minister, both 1978 and 2010 will mark 'turning points' in Singapore's economy. In fact, he described this year as a turning point for many countries, as they have to work out their next move after the financial crisis.
SM Goh concluded his visit to Oman and Bahrain yesterday, a trip which helped to deepen bilateral ties with both nations.
He said that as Senior Minister, he saw his role as trying to help Singapore expand its economic and political space.
Since stepping down as prime minister in 2004, SM Goh has been at the heart of Singapore's push into the Middle East. The country now has substantial business ties with many countries in the region, and has signed a free trade agreement with the six-nation grouping known as the Gulf Cooperation Council.
Mr Goh arrives back in Singapore today.
“今年上半年由政府发售的第一幅私宅地段,获得市场良好反应,显示发展商对大众化私宅市场(mass market)依然有信心,并继续寻找填补土地库存的机会。”
— 郑惠匀
... 研究与咨询部主管
... 高力国际
Chuan Park condo hits a high of $800 psf
The Edge
Friday, 25 January 2010
Chuan Park
A Singaporean who only wants to be known as Mr Tan put his 3-bedroom, 1,528 sqft unit at Chuan Park condominium on Lorong Chuan for sale a month ago. Within a day, he found a buyer who was willing to pay his asking price of $980,000, or $641 psf.
“We sold because the price reached our expectations,” he says in a phone interview. “The property may be old, but it is well-maintained. Rental demand is healthy, given the proximity to good schools and the Australian International School. There is potential for en-bloc sale and the location is wonderful — right next door to the MRT station.”
For the period from Jan 4 to 8, there were three transactions at the 452-unit Chuan Park, at prices from $690 to $800 psf. On Jan 5, a 710 sqft studio apartment on the 2nd floor was sold for $568,000, or $800 psf. The owner had purchased it for $450,000 in 2007, thus enjoying a 26% price appreciation in just 2 years.
Another studio apartment on the 4th floor went for $520,000, or $732 psf. The owner had purchased it for $458,000, or $645 psf, in 1995. This represents a gain of 13.5%. The previous owner had bought it for $395,000 in the same year, thus enjoying a gain of 16%.
Excitement is mounting in the Serangoon Gardens Estate in the vicinity of Lorong Chuan and Serangoon Avenue 3 as the Circle Line nears completion and another 11 new MRT stations from Tai Seng to Dhoby Ghaut open in April. The Lorong Chuan MRT station opened last May.
Good schools like Nanyang Junior College and St Gabriel’s Primary School as well as the Australian International School have also attracted families with schoolgoing children and investors to Chuan Park. The condo is a short distance from the New Tech Park and one stop away from the Serangoon MRT station, where a new mall called nex is coming up.
What’s also fuelling optimism among investors and owners of existing condos looking to sell is Hong Leong Holdings’ 400-unit condo that is expected to be launched in the coming months. Hong Leong was awarded the 99-year leasehold site on Serangoon Avenue 3 last October with a top bid of $221 million, or $529 psf of gross floor area, which was 164% above the reserve price. Property consultants have estimated that the breakeven price for the project is likely to be $900 to $950 psf. They expect the new condo to be priced above $1,000 psf.
Fred Teo, a property agent at Knight Frank, says these 2 factors are the main reasons driving increased demand at Chuan Park. He notes that prices in the 26-year-old, 99-year leasehold condo have risen from around $500 psf last April to $700 psf in recent months. The launch of the new project by Hong Leong would probably lift prices higher, says Teo.
Opposite Chuan Park are two 99-year leasehold condos: 372-unit, 11-year-old The Springbloom and 500-unit 15-year-old Chiltern Park. Prices in those two projects have also been creeping up. On Jan 6, an 893 sqft unit at The Springbloom was sold for $650,000, or $728 psf.
At Chiltern Park, a 915 sqft unit was sold for $660,000, or $721 psf, according to a caveat lodged with URA Realis on Jan 6. At the Jones Lang LaSalle property auction on Jan 20, a second-floor, 1,518 sqft apartment at Chiltern Park was put up for mortgagee sale with an opening price of $980,000. A few parties bid for the property, which was sold for $1.015 million, or $669 psf.
With the Circle Line nearing completion and Hong Leong’s new condo launch in the offing, it looks like interest in condos in the Lorong Chuan and Serangoon Avenue 3 neighbourhood will intensify in the coming months.
Wah!Originally Posted by mcmlxxvi, The Axis, 7 February 2010 10.54 am
Even The Axis can hit a nëw hïgh of $1,343 psf!
Originally Posted by ReporterAll these prices hitting new highs are illusions.Originally Posted by Reporter
It's simply the effect of paper money hitting new lows.
“The modern banking process manufactures currency out of nothing.”.
- Lord Josiah Stemp, Former Director of the Bank of England (1937)
“At the end fiat money returns to its inner value—zero.”
- Voltaire (21 November 1694 – 30 May 1778)
Propertism Rule No. 1 - Properties should only be bought. Not sold.
Can you imagine? This is a period when the world economy is sick. The US is mired in recession. European nations are going burst one by one.
Yet all these properties are "hitting new highs".
Ladies and Gentlemen, can you now take a deep breath and imagine what will happen if one day you see this news headline?
US Economy Overheating
Real Estate hit New Highs for 13th Consecutive Year
FED Raised Funds Rate to 24.5% to temper runaway inflation
You are going to see these ads:
D9. SIX LUXURIOUS CONDOS
2,000 sq ft to 4,000 sq ft.
Claymore/ Cairnhill/ River Valley.
Asking $300M to $500M
per unit neg. Call Reporter.
THE SAIL@ MARINA BAY
3 bedrooms, 1184 sq ft.
Asking $296M neg.
Call gfoo
40+ PROPERTIES
for sale by retiring
Property_Owner.
Lump sum $12 B.
Not negotiable.
Call Property_Owner
SPREADSHEET OF PROPERTIES.
Only the spreadsheet for sale.
Not the properties. Call jlrx.
Last edited by jlrx; 08-02-10 at 01:00.
Another $1M HDB asking spotted!
S$ 999,000 Negotiable | 3 beds | HDB Type 5I
1,237 sqft / 115 sqm | S$ 807.60 psf (built-in)
For SALE - Blk85 Telok Blangah Heights
Prime area
Move in condition!!
Near amenities
Originally Posted by sleek
Just like your last asking in Marine Terrace, some people are a little unhappy with your new asking in Telok Blangah Heights which is $9k more leh.Originally Posted by sleek, 8 February 2010 12.08 pm
Originally Posted by Temasek Review
These people asking 990k for their old flats are wasting their time advertising. the million dollar flats will only be seen in Pinnacle and Dawson Estate
'Only 3,183 new flats were built in 2008 when there were over 90,000 PRs and 20,000 new citizens in the same year'
and 2010 will be the year where 30,000 new flats will be built and the number of PRs and new citizens plunging with more stringent rules in place.
HDB prices by 2012 will plunge based on dd/ss, and without that base mass market will follow suit. one can only hope that the rest of the property market won't follow suit but i doubt it.
Then the cries in the papers and ST Forum won't be how expensive property is, but to help citizens find gainful employment, and to provide handouts older folks.