View Full Version : Prive Executive Condo at Punggol now 98% sold
http://sbr.com.sg/residential-property/exclusive/prive-executive-condo-punggol-now-98-sold
With the benefit of hindsight and seeing how some of the Dbss are priced, it's not surprising people have taken a plunge with the cheaper EC.
With the benefit of hindsight and seeing how some of the Dbss are priced, it's not surprising people have taken a plunge with the cheaper EC.Agreed. DBSS is a sure perfect ingredient for housing suicide. Maybe this is govt's secret strategy to direct potential buyers into ECs to help boost its appeal. Let one DBSS tell the perfect story to convince buyers to go elsewhere! Brillilant strategy! :tsk-tsk:
Sim Lian did the other developers a very big favour.
With the benefit of hindsight and seeing how some of the Dbss are priced, it's not surprising people have taken a plunge with the cheaper EC.
Income ceiling raised, prices will rise in tandem.
DBSS - $750 psf
EC - $900 psf
Mass market - $1,200 psf
Those will be the new reality. Good for sellers bad for buyers.
Income ceiling raised, prices will rise in tandem.
DBSS - $750 psf
EC - $900 psf
Mass market - $1,200 psf
Those will be the new reality. Good for sellers bad for buyers.BTO - $400 psf
Think EC will be more like $800 psf... DBSS will die eventually so none existent! :p
Maybe DBSS will eventually end up like HUDC - need to pay for privatization.
bargain hunter
17-06-11, 14:09
but no facilities, no appeal to privatise dbss leh.
Maybe DBSS will eventually end up like HUDC - need to pay for privatization.
but no facilities, no appeal to privatise dbss leh.
en bloc maybe?
it is rediculous . By 900K for a five room flat with the government post on the limitation of income ceiling . It do not make sense at all . I do not know whether the goverment study the income ceiling level and the price of the new house make sense .
Just wait and see what KBW has up his sleeve! :D
linchong84
17-06-11, 14:34
it is rediculous . By 900K for a five room flat with the government post on the limitation of income ceiling . It do not make sense at all . I do not know whether the goverment study the income ceiling level and the price of the new house make sense .
So far KBW said he will raise the income ceiling for BTOs.. He has never said he will raise income ceiling for both DBSS and EC.. So why fault him for something he didn't do? After this tamp DBSS stunner, i guess EC and DBSS no more income ceiling raise liao..
devilplate
17-06-11, 15:31
it is rediculous . By 900K for a five room flat with the government post on the limitation of income ceiling . It do not make sense at all . I do not know whether the goverment study the income ceiling level and the price of the new house make sense .
Dbss pricing up to developer to set rite?
Priced too high, nobody bites....den vy bad for simlian....lets see wats the take up rate lor.....now those 8xxpsf condos will use this dbss 750psf to sell?muahahaha
So much talk about market coming down and this dbss developer still so ridiculously confident! Do they know something we don't? Hmmm... Maybe they bank of the fact that Tampines is a matured estate and not many new launches there so the take up rate might be high... let's watch! :)
kingkong1984
17-06-11, 18:09
should not sell well unless people too rich.
should not sell well unless people too rich.Even rich people have senses. After watching the treacherous market nearing a correction, they still rush in to buy??? :confused: Really interesting to watch the take up rate of this project. Anyway, Prive, Esparina all already doing so well so maybe ECs will appeal more at just that little bit more in terms of prices! :D
linchong84
17-06-11, 18:19
should not sell well unless people too rich.
Depend on how they market it.. If they say the future MRT is just at their downstep and their super big hub is also at their downstep, then why not? haha.. There's not many new housing in Tamp, people might be hungry and desperate liao..
Depend on how they market it.. If they say the future MRT is just at their downstep and their super big hub is also at their downstep, then why not? haha.. There's not many new housing in Tamp, people might be hungry and desperate liao..Really the biggest problem for these aspiring young couples is even if they want to buy, with $8000 household income, how much can they sustain the servicing of that huge housing loan? With $2k deductable from combined cpf, and with a housing loan of some $700 000, they'll need a tenure of at least 30 years otherwise they'll have to add cash! And for 30 years??? This is not attractive at all! :doh:
linchong84
17-06-11, 18:36
Really the biggest problem for these aspiring young couples is even if they want to buy, with $8000 household income, how much can they sustain the servicing of that huge housing loan? With $2k deductable from combined cpf, and with a housing loan of some $700 000, they'll need a tenure of at least 30 years otherwise they'll have to add cash! And for 30 years??? This is not attractive at all! :doh:
Young couples buy 4-room DBSS.. 2nd timers buy 5-room DBSS loh.. Young couples can easily afford 600k.. monthly HDB loan 1.95k all deduct from cpf.. They don't need to pay a single cent..
For 2nd timers, they sell their existing HDB and buy this DBSS, the loan they need to take is not a lot..
Afford is definitely can afford.. See want or not only..
Young couples buy 4-room DBSS.. 2nd timers buy 5-room DBSS loh.. Young couples can easily afford 600k.. monthly HDB loan 1.95k all deduct from cpf.. They don't need to pay a single cent..
For 2nd timers, they sell their existing HDB and buy this DBSS, the loan they need to take is not a lot..
Afford is definitely can afford.. See want or not only..How can they not want if its in a matured estate... Hmmm... its just the price that's holding people back. With $100k more can get an EC and with $300k more can get a private condo?
Anyway, was just thinking the concept of affordability... what does the govt mean by affordability? Surely anything below $1m is affordable coz both couple's cpf can sustain it but its more a question of the tenure. Given a cheaper option of HDB with a 10 year tenure vs a more expensive HDB with a 30 year tenure, I'll choose the former but again its a matter of choice! So yes govt is right that it is affordable but at an additional price of higher tenure! :D
Not so easy . That is when both are single , With children , it will be tough . How about retirement ?
Well too many good advisor and scholder and thing may go beyond control .
linchong84
17-06-11, 18:46
How can they not want if its in a matured estate... Hmmm... its just the price that's holding people back. With $100k more can get an EC and with $300k more can get a private condo?
Anyway, was just thinking the concept of affordability... what does the govt mean by affordability? Surely anything below $1m is affordable coz both couple's cpf can sustain it but its more a question of the tenure. Given a cheaper option of HDB with a 10 year tenure vs a more expensive HDB with a 30 year tenure, I'll choose the former but again its a matter of choice! So yes govt is right that it is affordable but at an additional price of higher tenure! :D
By right they don't need to think much lah.. With 100k more, they also can't get an EC that is near to Tamp MRT and big hub.. With additional 300k, they get Waterview but Waterview is nowhere near MRT, big hub, St hilda's.. So, since they can afford it by signing up 30 year loan, then just do it.. End of the day, for that 30 years, they need not pay a single cent in cash..
Just do it.
lets hope the DBTT saga won't last too long. BTW this is cheap land sim lian launching. 400 psf ppr EC plot NX YEAR....!!! better buy d18 now
How many more land parcels SL has in Tampines which are not launched yet? Hmmm... can project how long more this upward trend in Tampines can persist? Tampines HDB cum PC owners happy happy drifting into dreamland now! :D
1 more piece at record EC land bid. Guarenteed to tai u to the max. For the first time in your life, you may see an EC surpass a lot of PC in the district.
What is their problem??? They really think they're playing monopoly realtime? Hmmm... Far East Organization go disturb the west and North east, MCL disturb the north east and now Sim L disturb the east? Singapore property outlook is looking miserably a developer's playground! How long more before govt is convinced that the key to curbing the housing price hike is through the developer? :doh:
That one is new bid this year.
As long as land price never hit new high, then still ok.
Peak is near when DBSS and EC run up.
Bedok reservoir DBTT launching soon too. They can follow since FEO also there
A lot of signs pointing peak is near.
Potential rising interest rates
93000 private supply adding to 257000 units (33% increase) by 2014 2015?
Flooding HDB supplies and raising income ceiling(Think don't really contribute much)
STI slides from now
Massive PC advertisements
5th EC launched out of potential 20 launches
CCR OCR still running up?
1) 2014: If supplies up in the market but interest rate still record low and economy ok and foreigners still come bringing their wealth here. Then still got chance price stabilize and hit soft patch.
2) 2014: If supplies up with higher n higher interest rate, economy down and foreigners stop coming here. Then I would feel the outlook not good, prices will go down very fast as according to history.
The last time it happen in 2000 onwards, prices suck for 3-4 years.
Be patient, wait for people showhand then you got chance. I subscribe to decade of boom theory though. Interest rate still key to savings rich singaporeans.
Land price never hit new high does not mean developer will not launch at new high!!! They are blood suckers or should I say money suckers. They test market with very bold figures and if response is good, they'll just push further up. If no good, then just stay put at those ridiculously high prices. Somehow these guys can really hold their prices till the market corrects itself to suit them! :doh:
linchong84
17-06-11, 23:09
1 more piece at record EC land bid. Guarenteed to tai u to the max. For the first time in your life, you may see an EC surpass a lot of PC in the district.
Very easy to guess the price.. Tamp DBSS land bid is 260, that EC is 390.. EC's construction costs should be around 300psf while DBSS around 200psf.. So by right the EC will cost 250psf more than the DBSS.. Around 1k psf loh.. To make sure people can afford it, MM 2, 3, 4 bedders will come out.. maybe we can see a 5xx sqft 2 bedder and 7xx sqft 3 bedder?
It's better people buy at high high price.. key to success is market crash..
Go on keep on buying and buying.. bigger the bubble bigger the blast..
Lets buy DBSS.. tampines DBSS will go 1000psf soon.. buy buy soon..:hell-hath-no-fury:
Yah, agreed. Maybe got compact versions, compact 3 compact 4
Peeked at premiere by Sim Lian before. It sucks. Totally HDB.
rattydrama
17-06-11, 23:53
should not sell well unless people too rich.
this could be the response from the market...the last n final struggle before the lamb got killed. :scared-4: :scared-4:
devilplate
18-06-11, 01:24
How can they not want if its in a matured estate... Hmmm... its just the price that's holding people back. With $100k more can get an EC and with $300k more can get a private condo?
Anyway, was just thinking the concept of affordability... what does the govt mean by affordability? Surely anything below $1m is affordable coz both couple's cpf can sustain it but its more a question of the tenure. Given a cheaper option of HDB with a 10 year tenure vs a more expensive HDB with a 30 year tenure, I'll choose the former but again its a matter of choice! So yes govt is right that it is affordable but at an additional price of higher tenure! :D
Always go for max tenure...can redeem fully or partial anytime in future....cashflow=holding power
kingkong1984
18-06-11, 03:20
this could be the response from the market...the last n final struggle before the lamb got killed. :scared-4: :scared-4:
Best excuse to kill this scheme.
Already said want to build ahead of order right?
Make it cheaper, better and faster there and this will look dumb buy stupid n silly.
I'm not quite sure what DBSS and EC are about. Does HDB doubt its own architects and engineers in coming up with good designs?
linchong84
18-06-11, 08:00
I'm not quite sure what DBSS and EC are about. Does HDB doubt its own architects and engineers in coming up with good designs?
If HDB builds DBSS and EC themselves, they won't be able to collect any land sales $$ from developers.. And citizens will expect them to sell cheap because they are the government.. Understand now?
I'm not quite sure what DBSS and EC are about. Does HDB doubt its own architects and engineers in coming up with good designs?The bigger question is why HDB don't want to launch DBSS and EC themselves and leave it to private developers? Well simply because if HDB launch EC at $700 psf, they'll kana slammed up down left right front back diagonal. They are only allowed to sell HDB flats at $300 psf. :doh:
linchong84
18-06-11, 08:16
The bigger question is why HDB don't want to launch DBSS and EC themselves and leave it to private developers? Well simply because if HDB launch EC at $700 psf, they'll kana slammed up down left right front back diagonal. They are only allowed to sell HDB flats at $300 psf. :doh:
HDB sell at 300psf, a lot of Gen Y already cursing and swearing.. So maybe they have to tell the developers "Bros, help lah.. you are profit-maximising companies, if you sell high people won't scold you that much.. But if i sell high, a lot of bimbos will write articles in sunday times and curse me.. why not we share the $$$? I take land sales $$, you take your marked-up profits.. Song bor??"
HDB sell at 300psf, a lot of Gen Y already cursing and swearing.. So maybe they have to tell the developers "Bros, help lah.. you are profit-maximising companies, if you sell high people won't scold you that much.. But if i sell high, a lot of bimbos will write articles in sunday times and curse me.. why not we share the $$$? I take land sales $$, you take your marked-up profits.. Song bor??"So they already lim kopi in the past le... :D So maybe HDB will invite SL to lim kopi again to see how else they can share that huge profit if Singaporeans do bite that bullet? :p
devilplate
18-06-11, 09:07
The bigger question is why HDB don't want to launch DBSS and EC themselves and leave it to private developers? Well simply because if HDB launch EC at $700 psf, they'll kana slammed up down left right front back diagonal. They are only allowed to sell HDB flats at $300 psf. :doh:
Actually they can launch ec themselves....but inorder to do tat, the ec goto follow exactly same restrictions as hdb liao
If HDB builds DBSS and EC themselves, they won't be able to collect any land sales $$ from developers.. And citizens will expect them to sell cheap because they are the government.. Understand now?
URA could have just sold the land directly to the developers. By taking land from URA and indirectly selling to the developers, HDB is creating extra work and yet it cannot control the market prices and profit of the developers. It should just develop DBSS and EC itself, control the prices and keep the profit for MOF.
The biggest question is why HDB don't want to control sales of ECs and DBSS? Well, in my humble opinion, I suppose its because if HDB takes over, everybody would expect cheap sales of ECs and DBSS then the private condos will be severely affected. But in order to sustain the intricate balance, HDB sell high, then people will complain like there's no tomorrow! So HDB simply clean hands from all these complications and push blame to developer, like what Mr K is doing to SL now!!!! :)
Mr K will just be that puppet master behind the scene. Controlling the prices from all factors beginning with income ceiling and all the many CMs. However, when will the puppet master step forward to show face? When DBSS and ECs are sold at $1.5m? How can a $10k income household manage that sort of financial committment??? Raising income ceiling is not the solution to this either. Will just restrict the poorer households to settle for BTO and resale in some ulu places which is going back to square one, like nothing has been done by MND. :doh: Its the developers that must be dealt with severely and not just the buyers! :spliff: :eek: :scared-4: :scared-3: :confused: :beats-me-man: :simmering:
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drove past prive today, looks like they are going to TOP soon. looks pretty decent from the outside.
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