View Full Version : What sort of price appreciation?
Can anybody give examples of capital appreciation witnessed over the years from 2003 onwards till now? For example, which development, market price then and market price now for the same type of units within the same development. I find that it is more meaningful to look at the actual price appreciation of a particular unit rather than price index or price psf of similar condos or new launches.
I have looked at some price index and the compounded appreciation is something like 10% per annum over 7 years from 2003 till end 2011. This price index could be derived from HDB or private condos (I am not sure) but I am more interested in private condos rate of appreciation as I think it is more accurate because of less government intervention.
Thanks a lot.
Alan Shearer
10-01-12, 08:37
Sail@MarinaBay launch price for Sentosa view units was around 750 psf in 2004. Today average price of same units is around 1800 to 2000 psf.
centris at jurong point lauch at below $400psf, now above $1000psf. citylight at lavender launch at below $500psf, now around $1500psf
centris at jurong point lauch at below $400psf, now above $1000psf. citylight at lavender launch at below $500psf, now around $1500psf
When were they launched? 3 fold increase for Citylight? Currently how is the occupancy rate? Is this Freehold or Leasehold? Any special reason why it increased so much?
citylight at lavender launch at below $500psf, now around $1500psf
Are you sure?:scared-5:
Alan Shearer
10-01-12, 09:19
Citylights launched at an average 590 psf
centris at jurong point lauch at below $400psf, now above $1000psf. citylight at lavender launch at below $500psf, now around $1500psf
centris about 500psf and CL about 6xxpsf on average
ave price of PC in general in 2010 is higher than 96-97 peak and 06-07...take a look at URA website...:o
ave price of PC in general in 2010 is higher than 96-97 peak and 06-07...take a look at URA website...:o
it shows current prices are relatively undervalued or 97 pre crisis prices are overvalued if we take inflation for the past 13years into account?
i'd seen thru some cycle for part of my life time until now (i not young though, haha). Here is how I see appreciation in long term, if you speculate then forget it...
- 3-to-7-to-12-to-20 = x5 (and at least 3 times down in cycle)
- 20-to-20 = x5
but its getting shorter now, so I think i will see what happens in 18months time (9mth-to-9mth = par).
if we compute inflation at3% per year from 1996 till 2012.... 16 years.... easily at least 60% higher....
So honestly i would say prices now are actually not overpriced....
Dont understand why people keep comparing prices against 1996 peak...
We are not 16 years later.... sure will go higher than 1996...
Chicken rice then was 1.5 per plate?
Southbank similar to citylight enjoys the same price appreciation. ;)
centris at jurong point lauch at below $400psf, now above $1000psf. citylight at lavender launch at below $500psf, now around $1500psf
tell that to the garmen...why keeps rolling out CM one after the other? one step at a time and step after step to rein in the price...what is their objective than? :o
i almost bought the 2 bedder at CL on the 23rd floor at below 500psf :doh:
decided on another development instead.
they were even giving free Las Vegas trip if take OCBC loan for this devt at the launch.
centris about 500psf and CL about 6xxpsf on average
tell that to the garmen...why keeps rolling out CM one after the other? one step at a time and step after step to rein in the price...what is their objective than? :o
coz all singaporeans complain and expect to live in private condo they moment they start working
coz all singaporeans complain and expect to live in private condo they moment they start working
Ha ha :D very interesting answer, anyway, In Sg, would rather play by the rule no point go against what the CMs intend to do.....:o
Not all lah. Only those wanting to upgrade to private condo but didn't want to spend so much money complaining! (something like 20%?). Their voice very loud siah (that is why 20% win the other 80%!), and they are reasonably educated to argue here and there and twist things upside down to their advantage like:
- Singapore properties too over-valued. :scared-2:
- Singapore properties can't be compared to HK, NY, London etc other big cities and hence must be much cheaper!
[Reply: If Singapore so poor, they can go other countries lor, don't need to CPCB here. :tongue3:).
- Singapore govt owe them a private condo!
- Singapore govt owe them a car!
- Singapore govt owe them a P1 place in the top most reputable primary schools for their kids!
- Singapore govt owe them free medical services!
........................:doh:.........................
coz all singaporeans complain and expect to live in private condo they moment they start working
Originally Posted by peterng8
tell that to the garmen...why keeps rolling out CM one after the other? one step at a time and step after step to rein in the price...what is their objective than? :o
all in all, what is important is the perspective of the garmen and their thinktanks...they set the rules of the games..:o
The can continue to please this vocal 20% at their peril. They never satisifed one lah. Come GE2016 let's see what happens! (they will vote opposition again saying gov owe them a car etc!) :o
all in all, what is important is the perspective of the garmen and their thinktanks...they set the rules of the games..:o
i still think that CM will not do the job.... if there is not economic crisis, the cm will nto be able to do much...
What I think the gahmen should do is to take care of the bottom 80% of the population.... that means.... ensure HDB is reasonable, and launch a lot of EC at reasonable prices if they want...
Those who wants to own condo then go ahead and speculate all your want... in this manner we will at least have a market drive n economy for the private properties and do not scare away foreign investors...
Why have such harsh measures that kill all investors...
If you build enough EC, Singaporeans will not complain, EC is as good as condos...
if we compute inflation at3% per year from 1996 till 2012.... 16 years.... easily at least 60% higher....
So honestly i would say prices now are actually not overpriced....
Dont understand why people keep comparing prices against 1996 peak...
We are not 16 years later.... sure will go higher than 1996...
Chicken rice then was 1.5 per plate?
i still remember watching Sam Hui movies for $1.50, no one track cinema ticket pricing. :p
so since everything goes up so much, why properties prices must always be compared to 1996? really strange...
I even come across some people commented in the papers that their parents bought 3 room flats for 30k :doh:
last time police wear shorts and grads earn $300 :cool:
Well, some people say the chicken rice in hawker centre still costs $2.50 for past 10 years mah, what inflation? :doh:
I think these people don't eat chicken rice in hawker centre one, that is why give such stupid answer! The same plate of $2.50 chicken rice meat and rice (meat especially) have shrunk so much that now the 2 plates is equivalent to old 1 plate! :scared-1:
They always like to compare to old old. Last time 1989 PM earn $500k a year. Now $3.8m (ok going to reduce to $2.4m) still a lot of difference right?
1 of the worst is HDB flats! last time 5rm is average 1350 sqft now only 1100 sqft! Yet price also so much higher right, e.g. 2003 Sengkang new HDB flat $230k for 1200 sqft, now nearby lousier further from MRT HDB DBSS 1100 sqft selling $706k! :doh:
so since everything goes up so much, why properties prices must always be compared to 1996? really strange...
I even come across some people commented in the papers that their parents bought 3 room flats for 30k :doh:
last time police wear shorts and grads earn $300 :cool:
the price peak at 96-96 and somewhere in 06-07 are used as a guide it could be useful for thsoe who have bought low and want to sell at a profit with LEsser risk..:o dont want to be hero mah (dont want to be price setter)..
i still think that CM will not do the job.... if there is not economic crisis, the cm will nto be able to do much...
What I think the gahmen should do is to take care of the bottom 80% of the population.... that means.... ensure HDB is reasonable, and launch a lot of EC at reasonable prices if they want...
Those who wants to own condo then go ahead and speculate all your want... in this manner we will at least have a market drive n economy for the private properties and do not scare away foreign investors...
Why have such harsh measures that kill all investors...
If you build enough EC, Singaporeans will not complain, EC is as good as condos...
like that even jialat...if price keeps going up, the game master will set another additonal rule(CM6) if CM5 cannot work...:o dont you think so if price is high based on their perspective...
i still think that CM will not do the job.... if there is not economic crisis, the cm will nto be able to do much...
What I think the gahmen should do is to take care of the bottom 80% of the population.... that means.... ensure HDB is reasonable, and launch a lot of EC at reasonable prices if they want...
Those who wants to own condo then go ahead and speculate all your want... in this manner we will at least have a market drive n economy for the private properties and do not scare away foreign investors...
Why have such harsh measures that kill all investors...
If you build enough EC, Singaporeans will not complain, EC is as good as condos...
Agree. This is also the reason why have EC in the first place. Garmen stop EC for a while & now resume. This should fill the gaps for those who want condo life but at a lower cost since EC is cheaper than mass market condo. Right?
But sadly they still not happy with EC, some still want real condo because they don't like to be tie down by the 5yrs MOP & 10yrs before privatized rules. If the EC is still seem as too expensive, kpkb to garment to lower the EC cost lah.
Really don't understand why EC is still not good enough? I think they are also greedy. Want to have a share of making good profit in condo investment quickly.
Don't have a big head but still want to wear a big hat. So kpkb to want to own a real private condo cheap cheap.
Learn to walk before you run. I bought EC before before moving into condo & grow from there. Living in EC is exactly the same as condo, I've no regrets owning one last time.
EC should be the answer for these sandwich class.
http://farm8.staticflickr.com/7161/6672571967_c0a2a14ee0_b.jpg (http://www.flickr.com/photos/zhangshihua_photo/6672571967/)
http://www.singaporerealestate.info/blog/2010/04/08/singapore-property-price-index-1960-to-2010/
Can anybody give examples of capital appreciation witnessed over the years from 2003 onwards till now? For example, which development, market price then and market price now for the same type of units within the same development. I find that it is more meaningful to look at the actual price appreciation of a particular unit rather than price index or price psf of similar condos or new launches.
I have looked at some price index and the compounded appreciation is something like 10% per annum over 7 years from 2003 till end 2011. This price index could be derived from HDB or private condos (I am not sure) but I am more interested in private condos rate of appreciation as I think it is more accurate because of less government intervention.
Thanks a lot.
Bought Southbank for $535,000, 958sqft, 2 Bedroom in June 2006.
SOUTHBANK NORTH BRIDGE ROAD Apartment 1 1,500,000 958 Strata 1,566 Nov-11
Bought Terrasse for $1,305,800, 1453sqft, 3+1, 5th floor penthouse in May 2011
TERRASSE TERRASSE LANE Condominium 1 1,305,800 1,453 Strata 899 Jun-11
Bought Southbank for $535,000, 958sqft, 2 Bedroom in June 2006.
SOUTHBANK NORTH BRIDGE ROAD Apartment 1 1,500,000 958 Strata 1,566 Nov-11
Bought Terrasse for $1,305,800, 1453sqft, 3+1, 5th floor penthouse in May 2011
TERRASSE TERRASSE LANE Condominium 1 1,305,800 1,453 Strata 899 Jun-11
Southbank's gain is VERY impressive. Is this one of the best appreciation rate? Even more impressive than Citylights? Was it bought from developer?
Southbank's gain is VERY impressive. Is this one of the best appreciation rate? Even more impressive than Citylights? Was it bought from developer?
Southbank 2rd day of launch.
Terrasse 1st day of launch.
Southbank 2rd day of launch.
Terrasse 1st day of launch.
I suppose both are freehold?
Any leasehold giving good appreciation?
Alan Shearer
11-01-12, 12:19
Sail@MarinaBay is a star performer!
I suppose both are freehold?
Any leasehold giving good appreciation?
apparently most star performers r 99lh
like that even jialat...if price keeps going up, the game master will set another additonal rule(CM6) if CM5 cannot work...:o dont you think so if price is high based on their perspective...
If they keep HDB and EC prices flat why is there a need to come out with CM6?
Those that can afford go and buy condos, those cannot afford buy HDB, those that want condo lifestyles buy EC....
When market crash, only 20% affected.... not the whole economy as gahmen control 80% of the properties they sell...
If they keep HDB and EC prices flat why is there a need to come out with CM6?
Those that can afford go and buy condos, those cannot afford buy HDB, those that want condo lifestyles buy EC....
When market crash, only 20% affected.... not the whole economy as gahmen control 80% of the properties they sell...
I vote for you next election 2016...:D
I vote for you next election 2016...:D
Hosay ah! which constituency are you staying at? i will stand for election there! :)
Hosay ah! which constituency are you staying at? i will stand for election there! :)
KBW constituency..he he heee :p
KBW constituency..he he heee :p
aiyoh... difficult to stand against him.... he release so many BTO and GLS sure got support in next election... Ok I join PAP, go attend grassroots meeting now...
Maybe he like my ideas on property then rope me in as potential candidate... lol...
Scarely CM5 cause property prices to crash for all categories, be it HDB, EC, private condos, & landed! Wait the 90% vote him out? :scared-3:
aiyoh... difficult to stand against him.... he release so many BTO and GLS sure got support in next election... Ok I join PAP, go attend grassroots meeting now...
Maybe he like my ideas on property then rope me in as potential candidate... lol...
Scarely CM5 cause property prices to crash for all categories, be it HDB, EC, private condos, & landed! Wait the 90% vote him out? :scared-3:
If HDB asset value drop, LKY will ask his son to kick him out....or put him in Aljunied to be hero for PAP!:D
Citylights launched at an average 590 psf
damm where was i...:beats-me-man:
I suppose both are freehold?
Any leasehold giving good appreciation?
Both are leasehold 99 years
damm where was i...:beats-me-man:
Even if you are at Citylights, will you buy at the price at that time? My friend went to view Citylights and left empty handed.
I will not buy Citylights because of the road in front of Citylights. The cars exhaust is blowing against Citylights. Before Citylights, there was a roll of shop house. They paint the shophouse white and within months the shophouse turn black from the car exhaust.
Jonathan0503
12-01-12, 07:55
Even if you are at Citylights, will you buy at the price at that time? My friend went to view Citylights and left empty handed.
I will not buy Citylights because of the road in front of Citylights. The cars exhaust is blowing against Citylights. Before Citylights, there was a roll of shop house. They paint the shophouse white and within months the shophouse turn black from the car exhaust.
So bad meh?
I'm actually more concern with the 'environment' behind citylights...
Totally agree...different set of investment criteria and timing.
Some want location, others want MRT access, FH etc etc.
Some come in early while others are Johnny-come-lately.
Even if you are at Citylights, will you buy at the price at that time? My friend went to view Citylights and left empty handed.
I will not buy Citylights because of the road in front of Citylights. The cars exhaust is blowing against Citylights. Before Citylights, there was a roll of shop house. They paint the shophouse white and within months the shophouse turn black from the car exhaust.
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