u can buy Beacon Heights on the 26th flr wth city view and near town for $900+psf.Originally Posted by CX
u can buy Beacon Heights on the 26th flr wth city view and near town for $900+psf.Originally Posted by CX
Dear jaded, hope you find your perfect Belvedere home.Originally Posted by jaded
In Suze Orman's words, "......... the decision to buy a home hits like love at first sight: After endless rounds of dating, you finally find that special one.".....so I wish you will find your love.
Latest caveat reflected for The Belvedere.
#16-0X__1302sqft__$1267psf__$1,650,000__Contract dd 31 July 2008
thank you . xie xie .Originally Posted by Real Estate Pundit
Thanks for the update..Originally Posted by Real Estate Pundit
$800 is virtually impossible,though not totally.the market will dip ,but the properties in meyer road will stay quite strong i believe.To fall below $1100 for Very high floors is a bit hardOriginally Posted by Real Estate Pundit
I have learn from experience not to use the word 'impossible'. I bought a unit at Costa Rhu on the #16 for $500+psf during the Asian crisis in Dec 2008 and sold 2 years later for $610psf. I also thought that it will not be possible to go back to $500+psf!Originally Posted by PL
But I was wrong, most Tg Rhu properties did hit even lower in 2005 and 2006. In fact alot of Costa Rhu transactions in 2005 and early part of 2006 were below $500 psf!
Granted that Tg Rhu are mostly 99yr LH compared to Meyer Rd FH, I have learn not to say impossible. No one knows how long this buyer-seller impasse will last and the lack of economic good news is not helping....
in 2006 ? 500 psf ?? sure or not ?
Below are some sampling of caveats for Costa Rhu ....... RC is Rhu Cross.Originally Posted by deadsure
Add.__Unit_____sqft___$psf__Transact____Date
5 RC__#03-08__1012__499__$505,000___10 Jul 2006
9 RC__#02-04__1399__443__$620,000___27 Jun 2006
3 RC__#04-16__1970__477__$940,000___09 Jun 2006
9 RC__#02-01__1841__473__$870,000___01 Jun 2006
1 RC__#15-14__2056__482__$990,000___09 May 2006
1 RC__#13-01__1346__539__$725,000___04 May 2006
1 RC__#02-01__1346__479__$645,000___02 May 2006
3 RC__#08-03__1970__500__$985,000___05 Apr 2006
5 RC__#09-12__1776__456__$810,000___02 Mar 2006
9 RC__#10-06__2056__512__$1,052,880__16 Feb 2006
9 RC__#12-10__2164__462__$1,000,000__25 Jan 2006
3 RC__#12-07__1647__492__$810,000___19 Jan 2006
5 RC__#13-12__1776__472__$838,000___28 Dec 2005
1 RC__#16-03__1399__486__$680,000___15 Dec 2005
5 RC__#11-19__1776__472__$838,000___02 Nov 2005
1 RC__#07-02__1346__401__$540,000___15 Sep 2005
9 RC__#09-06__2056__467__$960,000___29 Aug 2005
3 RC__#13-07__1647__486__$800,000___24 Aug 2005
Just too many to list......are you convinced yet?
Hmm..you're really a real estate pundit..
Anyone else need some more caveat details?
When property was low,how was makena prices ?Originally Posted by Real Estate Pundit
Thats why i stated" Virtually impossible"..Originally Posted by Real Estate Pundit
Caveats for Makena during the “low period”; and 12 June 2006 wasn’t too long ago.Originally Posted by PL
Unit, #__sqft___$psf____Price,$______Contract date
10-05__1636__660___$1,080,000___12 Jun 2006
14-09__1518__679___$1,030,000___24 May 2006
07-01__1152__641___$738,800____19 May 2006
26-05__1647__777___$1,280,000___21 Apr 2006
05-07__1615__610___$985,000____26 Jan 2006
11-06__1152__648___$747,000____25 Jan 2006
22-02__1636__733___$1,200,000__30 Nov 2005
15-02__1636__642___$1,050,000__25 Nov 2005
06-06__1615__594___$960,000____29 Apr 2005
Need experts advice.When IR comes up,will The Belverdere's prices shoot up most likely???Is the Belvedere (unit with sea view and facing spore flyer) a good investment?Abe to sell at good price when IR comes up?
Everyone would like to think that the casinos will bring properity to Singapore. But will the casinos actually be a positive effect? Who can say? It may go the way of the Singapore flyer....after the initial hurrah, it fizzled like a flat coke.Originally Posted by Posh
The problem I foresee with the IR/casinos is that Singapore is too 'clean' for an inherently 'colourful' business like gambling. Gambling in my view is always laced with 'SXX'....very much like the casinos in Macao.
Sir,Originally Posted by Real Estate Pundit
from what i know,macao property prices increase by 5-6 times more when their casino is up..Do you see spore economics & property will follow suit as well when the IR is up?let's not think about 5-6 times more,perhaps 1-2 times more since the property market is so slow now as compare to last year,the peak & hottest period for property june 07-oct 07 where alot of people couldn't afford to buy their dream home just like me..So sad..
Where's Real Estate Pundit?
Finally I have found My Dream House in Meyer Road..
Thank You!
Hello CX,Originally Posted by CX
Have been busy with real work so no time to visit this site.
I am glad that you found you dream home. Share with us what you found? And at what price.
And to answer your previous post, it is important to note that a lot of new wealth were created between 2002 till the end of 2006. These new wealth were realised by those who actually traded in real estate and financial market during these period.
These new wealth was moved around globally seeking markets that was still underpriced compared to major 1st world econoomy cities. (Eg, UK went on a 13-year property appreciation without any hiccup! A lot of people had gotten very rich during that period.) So these new wealth started to move around globally and caused an upward movement in property prices in almost every major cities. We are now witnessing the end of this and major correction is happening as these funds try to pull out.
The next scenario is......how low can prices go now that the world is facing major destruction of wealth?
I can see less expat coming to Singapore.....let's not talk about those that have to leave. So rental will slowly buy surely move downwards.
Also, when I drive pass PSA at Pasir Panjang, I see that there are less containers stacked a mile high like last year. Even the cranes are less manic this period. Economy in slowdown.
Do most people actually feel rich? Not many will dare to spend unnecessarily.
how much is a high floor sea facing unit now?
My email [email protected]Originally Posted by Real Estate Pundit
Thanks
Originally Posted by Unregistered99
Alot of seller calling around 1350-1450psf for high floor sea facing now for The belvedere..
nice to hear from you again! welcome back, Real Estate Pundit!Originally Posted by Real Estate Pundit
Agreed. I hope the garmen will allow SXX to thrive together with casinos - the last thing is want is for garment to stop SXX actitivies and kill off the casino's potential and destroy Singapore's economy. As long as the activities are contained within the casino vicinity and the existing red light areas like Geylang, Balestier, Joo Chiat, Katong. It should be okay.
Originally Posted by Real Estate Pundit
Latest transaction for Belvedere,Originally Posted by CX
31 Jul 08__1X-04__1302sqft__$1267psf__$1,650,000
01 Jul 08__1X-07__1238sqft__$1238psf__$1,559,880
09 Jun 08__0X-01__1378sqft__$1200psf__$1,653,600
05 Jun 08__2X-02__1367sqft__$1430psf__$1,954,810
In sales, the golden adge of "ask high, sell high! ask low, sell low!" will prevail. So all sellers must shout very high price and then give discount. I think realistic sellers will settle for 10% off the asking price.
Hi Real Estate Pundit, do you have the new transaction for the Esta? thanks!Originally Posted by Real Estate Pundit
IMHO,Those owners that have holding power,will hold till the IR n see how the market goes rather than selling it cheap now..unless those owners is really in need of money n have no holding power will sell @ any reasonable offer by the buyers..Originally Posted by Real Estate Pundit
Let's not forget,the belvedere launching price is around est $700-$850psf..even if they sell any price higher than that,they will still earn..overall it depends on whether how much they wanna earn..lol
Hokkien says,earn more earn less,Earn Confirm..hahaha.. too bad i miss the launch,if not i'll be laughing all the way to the bank..kekeke
Let's wait n see how the IR fare during 2010..
Originally Posted by esta_700psf
#04-1x 1399sqft sold @ 815psf
#19-0x 1346 sqft sold @ 938psf
#11-15 1173 sqft sold @9xxpsf
Hello Joe6816!
My name is also Joe.
Do you have the latest transactions for One Amber?
Thanks!
Latest transaction for Belvedere,
18 Aug 08_13-0X__1012sqft__$1325psf__$1,340,900
31 Jul 08__1X-04__1302sqft__$1267psf__$1,650,000