Property agent pays $808,080 for Tampines flat [Archive] - Condo Forum Singapore Property Review Mortgage Loan Buy Rent Sell Real Estate

buttercarp

03-09-12, 09:17

http://www.tnp.sg/content/property-agent-pays-808080-tampines-flat

By:
Benson Ang

TNP PHOTO: Choo Chwee Hua

Just how much are people willing to pay for an HDB flat?

Mr Freddy Choo paid $808,080 for his executive maisonette in Tampines.

Worth every cent, he said.

The price includes a whopping $168,080 in cash over valuation (COV).

That’s among the largest COVs paid since the financial crisis in 2008, said real estate agents.

Read the full report in The New Paper on Monday (Sept 03).

phantom_opera

03-09-12, 09:20

COV is 168, txn price is 808 .... Huat 8X

But next time Tampines will have 3 MRT lines ... it could prove to be the #1 regional centre

carbuncle

03-09-12, 10:39

686868 might have been a more auspicious and reasonable sum

phantom_opera

03-09-12, 10:47

686868 might have been a more auspicious and reasonable sum

Next time when DTL3 is up, this guy may be able to sell 988,888 or 1,088,888

Especially when QE3 is open-ended and interest rate to stay low till 2020 :scared-1:

Regulators

03-09-12, 11:09

I thought property agents should have more sense than to pay such high covs for hdb flats. I remember purchasing my hdb flat from the open market years back below valuation.

phantom_opera

03-09-12, 11:12

Very soon, EMs near MRT will hit 1m due to limited supplies

Again, this will pull up big 5r HDB (3+S type 1313sqft) resale prices ... slowly but surely

03-09-12, 11:14

I thought property agents should have more sense than to pay such high covs for hdb flats. I remember purchasing my hdb flat from the open market years back below valuation.

see.. agents are too well paid!

phantom_opera

03-09-12, 11:24

couldn't find the transaction yet in HDB website ... none is above 800k so far

226 Simei St 4 01 to 05 154.00
Maisonette 1988 $728,888.00 Aug 2012

856C Tampines St 82 11 to 15 151.00
Apartment 1995 $773,000.00 Aug 2012

808k assume 150sqm is about 500psf, still not very high in terms of psf

Certainly no match for these:

91 Tanglin Halt Rd 31 to 35 110.00
Improved 2008 $890,000.00 Aug 2012

2D Upp Boon Keng Rd 21 to 25 110.00
Improved 2006 $897,000.00 Apr 2012

buttercarp

03-09-12, 11:42

I wonder why must he boast about his buy?
Was it The Newpaper who approached him, or he volunteered the info to the press?

I suppose his flat is right in front of Tampines Mall and century square.

may2012

03-09-12, 12:13

Wow! its a good buy!

But comes 2015 -50% becomes $400K?? :banghead:

ikan bilis

03-09-12, 12:22

radha08

03-09-12, 12:23

I wonder why must he boast about his buy?
Was it The Newpaper who approached him, or he volunteered the info to the press?

I suppose his flat is right in front of Tampines Mall and century square.

enjoy the traffic...both human and cars...:cheers1:

carbuncle

03-09-12, 12:30

ah this hdb terrace... very the unique. can't compare this way

ikan bilis

03-09-12, 12:30

that guy's professional as property agent mah... need the more 曝光 in the news to get more deals/biz... :beats-me-man:

ikan bilis

03-09-12, 12:32

ah this hdb terrace... very the unique. can't compare this way

true... but dun know if 81sqm is with "PES" included... :scared-4:

radha08

03-09-12, 12:33

that guy's professional as property agent mah... need the more 曝光 in the news to get more deals/biz... :beats-me-man:

willing seller willing buyer...so now valuation will go up and price will go up....how to drop 50% in 2015...maybe this agent huat x3 sold all his private property now stay at HDB EM..enjoy good life..:cool:

radha08

03-09-12, 12:34

got $864psf.... 40yr old 3rm flat....
53 Stirling Rd 01 to 05 81.00 Terrace 1968 $752,800.00 Jul 2012

stirling road is a SCARING:scared-1: area..a lot of drug addict and gangster...:scared-3:

Rysk

03-09-12, 12:37

Maybe seller insist COV $68k only.
But buyer very superstitous think "68" will HUAT slower.. so he willing to offer "168".. cos "168" is more powerful than "68"

radha08

03-09-12, 12:38

Maybe seller insist COV $68k only.
But buyer very superstitous think "68" will HUAT slower.. so he willing to offer "168".. cos "168" is more powerful than "68"

so this one how to OFFER...:D

http://www.propertyguru.com.sg/listing/hdb-for-sale-119-tampines-street-11-8498128

agent a bit CUCKOO like that indian lawyer M Ravi:doh:

radha08

03-09-12, 12:40

so this one how to OFFER...:D

http://www.propertyguru.com.sg/listing/hdb-for-sale-119-tampines-street-11-8498128

agent a bit CUCKOO like that indian lawyer M Ravi:doh:

someone should report him in his advert he say suitable to RENT to pilot/stewardess

ikan bilis

03-09-12, 12:41

Maybe seller insist COV $68k only.
But buyer very superstitous think "68" will HUAT slower.. so he willing to offer "168".. cos "168" is more powerful than "68"

ya hor.... may be he pays $168 cov and collects $100K back under table... like that then can get printed on news paper... else who cares about news of 700K hdb in tampines.... :D

radha08

03-09-12, 12:45

ya hor.... may be he pays $168 cov and collects $100K back under table... like that then can get printed on news paper... else who cares about news of 700K hdb in tampines.... :D

hurry up send in the cpib...:D

carbuncle

03-09-12, 12:57

regardless, where to find terrace for 750k these days

radha08

03-09-12, 13:04

regardless, where to find terrace for 750k these days

so nice...

http://www.propertyguru.com.sg/listing/hdb-for-sale-58-stirling-road-10592917

eng81157

03-09-12, 13:13

so nice...

http://www.propertyguru.com.sg/listing/hdb-for-sale-58-stirling-road-10592917

buy at your own risk

ikan bilis

03-09-12, 13:15

so nice...

http://www.propertyguru.com.sg/listing/hdb-for-sale-58-stirling-road-10592917

haha... i tot you like ground flr and pes... now available at 1/2 price... :D
but hor, you cannot keep your 4rm flat liow... :scared-3:

radha08

03-09-12, 13:56

haha... i tot you like ground flr and pes... now available at 1/2 price... :D
but hor, you cannot keep your 4rm flat liow... :scared-3:

yup so many restristions...sianzzzz:banghead:

radha08

03-09-12, 13:58

in all honesty i think an EM at 800K in such a location is worth more and a BETTER investment than a PC in in ULU location...but of course buying a HDB got certain restricstions like MOP etc....but as usual i always have my 2:2cents: opinions...:cool:

carbuncle

03-09-12, 14:10

but hdb terrace is MM terrace!! plus layout usually is elongated

radha08

03-09-12, 16:35

but hdb terrace is MM terrace!! plus layout usually is elongated

nevermind the layout what about the neighbours...:scared-1:...mr and mrs Ah...LONG:eek:

GSLJ

03-09-12, 18:13

Previous owner huat ah! :D

radha08

03-09-12, 20:45

Previous owner huat ah! :D

i think at least 100% profit:rolleyes:

kskong2000

03-09-12, 21:18

No matter how this come to the news. For sure, IRAS officer is checking his past income tax submission. :o

I wonder why must he boast about his buy?
Was it The Newpaper who approached him, or he volunteered the info to the press?

I suppose his flat is right in front of Tampines Mall and century square.

price

03-09-12, 22:55

so this one how to OFFER...:D

http://www.propertyguru.com.sg/listing/hdb-for-sale-119-tampines-street-11-8498128

agent a bit CUCKOO like that indian lawyer M Ravi:doh:

I dont get it, 1.25m for EM? why dont buy HUDC instead? :confused: :confused:

kane

04-09-12, 00:16

why did the buyer need to rave publicly, especially when he paid so much COV.

showboat.

radha08

04-09-12, 00:43

why did the buyer need to rave publicly, especially when he paid so much COV.

showboat.

BRO FREE advertising he is an AGENT...some put their face on bus...some on carpark barrier:scared-1:...this one GOT free advertisment...he is the CHAMPION...he will get $168k COV for you if u buy/sell thru him...:doh:

kane

04-09-12, 00:53

How long would he take to make back the COV even if he's focusing on the HdB market.

latour

04-09-12, 11:32

HDB 2 mins to MRT, $4.6mil. Advance advert, and if it stays on propertyguru long enough, it will be transacted in 20 to 30 years time... Champion!!!

http://www.propertyguru.com.sg/listing/hdb-for-sale-2-holland-avenue-11123156

CondoWE

04-09-12, 11:48

latour

04-09-12, 12:25

I think One zero added wrongly sibo :rolleyes: !

Maybe, that's how good and positive they are!

radha08

04-09-12, 12:28

I think One zero added wrongly sibo :rolleyes: !

this what happen when u FAIL maths...

Spunk

04-09-12, 17:04

why did the buyer need to rave publicly, especially when he paid so much COV.

showboat.

An agent told a friend of mine that this guy is a new property agent of around 1 month only! :eek:

If true, this is a good way to gain publicity and build a reputation as a property agent..;)

ccsee

04-09-12, 20:24

so this one how to OFFER...:D

http://www.propertyguru.com.sg/listing/hdb-for-sale-119-tampines-street-11-8498128

agent a bit CUCKOO like that indian lawyer M Ravi:doh:

This one is private Tampines Court, going through enbloc. This is not HDB.