Escalation history of Tanah Merah land bids

[phantom_opera]

2006 $3,428.29 NTUC Choice Homes
2008 $3,037.75 TID
Feb 2012 $5,745 FEO
Aug 2012 $7,276.64 Fragrance / WCL
Oct 2012 $8,518.75 Keppel Land

From 2006-2008 to 2012, land price up more than 100% at TM :doh:

[mcmlxxvi]

2006 $3,428.29 NTUC Choice Homes
2008 $3,037.75 TID
Feb 2012 $5,745 FEO
Aug 2012 $7,276.64 Fragrance / WCL
Oct 2012 $8,518.75 Keppel Land

From 2006-2008 to 2012, land price up more than 100% at TM :doh:

Who will be left holding the dead baby?

[lifeline]

found and rearranged the data for easier comparison.
cannot find those older than 1998.


Projects -------------- From ----------- Price psf ppr

East Meadows ------- 1998 ----------- 282
Tanamera Crest ----- 2000 ----------- 263
Casa Merah ---------- 2006 Dec ------ 318.50

Optima --------------- 2008 Sep ------ 282

Eco ------------------- 2012 Feb ------ 534.2

Urban Vista ---------- 2012 Aug ------ 676

Keppel --------------- 2012 Oct ------- 791.4



http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1216949/1/.html

http://www.stproperty.sg/articles-property/singapore-property-news/tight-race-for-tanah-merah-condo-site/a/60102

http://www.theedgemalaysia.com/property/226491-cluster-near-tanah-merah-mrt-station-sees-buyer-interest.html

[propertychap]

The new explosion in prices in Tanah Merah will have a positive impact on housing in Bedok and Kembangan? Kembangan houses still look relatively cheaper and closer to town, a forgotten gem with lots of freehold land near MRT. Bedok residences another benificiary?

[phantom_opera]

So since 1998, land price gone up 3x :doh:

same as gold

http://goldprice.org/charts/history/gold_10_year_o_aud.png

[propertychap]

Looking at the prices developers are bidding the land, its going to be another year of increase in prices next year. So even buying any property this year is still a good decision?

[leftfield]

See thread here. http://forums.condosingapore.com/showthread.php?t=15298

[lifeline]

Looking at the prices developers are bidding the land, its going to be another year of increase in prices next year. So even buying any property this year is still a good decision?


if for own stay, can still buy.
if for investment, got to guess what will be there in 4 years:
step onto the elevator going up or
step into the gaping elevator shaft ?

[hutsutau]

found and rearranged the data for easier comparison.
cannot find those older than 1998.


Projects -------------- From ----------- Price psf ppr

East Meadows ------- 1998 ----------- 282
Tanamera Crest ----- 2000 ----------- 263
Casa Merah ---------- 2006 Dec ------ 318.50

Optima --------------- 2008 Sep ------ 282

Eco ------------------- 2012 Feb ------ 534.2

Urban Vista ---------- 2012 Aug ------ 676

Keppel --------------- 2012 Oct ------- 791.4



http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1216949/1/.html

http://www.stproperty.sg/articles-property/singapore-property-news/tight-race-for-tanah-merah-condo-site/a/60102

http://www.theedgemalaysia.com/property/226491-cluster-near-tanah-merah-mrt-station-sees-buyer-interest.html

what goes up must come down!

[kane]

The question isn't whether it will come down but when it will come down. A market can stay irrational longer than you can stay liquid.