View Full Version : BEWARE of LANDSLIDE, better run!!
Landed property including terrace suffer huge drop in price in 2nd Quarter 2014.
Better run for cover
https://imagizer.imageshack.us/v2/641x439q90/r/539/wGcqsa.jpg
Haha.....Ringo.....Ringo.....a.k.a. Mr. B, after 6 weeks still no reply to your posting. I pity your "relentless effort" to talk down the landed property market and so I take your pitifulness into account to reply you here. But unfortunately nobody else is interested in your theory anymore.
If you want attention in this forum, it is better for you to start talking about "Sky Storm"..... :sour:
Landed property including terrace suffer huge drop in price in 2nd Quarter 2014.
Better run for cover
https://imagizer.imageshack.us/v2/641x439q90/r/539/wGcqsa.jpg
Many landed bulls have already retired, perhaps being slaughter in the barn and become beef rendang.
limited supply, deep pocket, cash rich, holding power, hold forever, rich immigrants, etc etc.
What happen to all that theory?
Haha....Ringo.....Ringo.....After more than 3 weeks, still no reply to your posting. Like I said before, nobody is interested in nor believe in your "Land Storm" prophecy anymore. I don't want to be alone here entertaining you. You'd be better start talking about "Sky Storm" which I think may generate more followers.
Keep it up!:distant:
Many landed bulls have already retired, perhaps being slaughter in the barn and become beef rendang.
limited supply, deep pocket, cash rich, holding power, hold forever, rich immigrants, etc etc.
What happen to all that theory?
Yeah if got land storm, it will not be worse than sky storm as land is still more valuable in land scarce Singapore...still got pple interested in my terrace but I think TDSR limiting them....just testing market but think will take my advert out soon...
In April 2013, I have already warned you guys that landed property game is over.
Some say landed has limited supply, some say landed property owners are cash rich,
some say they are deep pocket, some say they have good holding power and some say
that rich immigrants are rushing to buy up landed proerty??
Its pretty obvious that none of that actually materialized....BEWARE!!
http://img13.imageshack.us/img13/787/propertyindex.jpg
http://img838.imageshack.us/img838/2052/uraq113b.png
http://img546.imageshack.us/img546/5638/12xx.jpg
http://img10.imageshack.us/img10/4830/j9nu.jpg
http://imagizer.imageshack.us/v2/1024x768q90/593/2f8y.jpg
http://imagizer.imageshack.us/v2/1024x768q90/841/vvie.jpg
https://imagizer.imageshack.us/v2/641x439q90/r/539/wGcqsa.jpg
Bro. My landed is fully paid up and not for sale as it is to pass on to the next generation. Why worry?
In April 2013, I have already warned you guys that landed property game is over.
Some say landed has limited supply, some say landed property owners are cash rich,
some say they are deep pocket, some say they have good holding power and some say
that rich immigrants are rushing to buy up landed proerty??
Its pretty obvious that none of that actually materialized....BEWARE!!
http://img13.imageshack.us/img13/787/propertyindex.jpg
http://img838.imageshack.us/img838/2052/uraq113b.png
http://img546.imageshack.us/img546/5638/12xx.jpg
http://img10.imageshack.us/img10/4830/j9nu.jpg
http://imagizer.imageshack.us/v2/1024x768q90/593/2f8y.jpg
http://imagizer.imageshack.us/v2/1024x768q90/841/vvie.jpg
https://imagizer.imageshack.us/v2/641x439q90/r/539/wGcqsa.jpg
Erm, charts are sometimes not very accurate also, can be manipulated and can be skewed by small transaction numbers....but maybe, good to wait for expensive landed to fall more then u can pick durians if you can afford it cause when economy recovers, landed also rise more...not quite sure how to read this chart but I bought my terrace at 2010 when lines converge then they suddenly diverge so just wait for it to converge again maybe....
Erm, charts are sometimes not very accurate also, can be manipulated and can be skewed by small transaction numbers....but maybe, good to wait for expensive landed to fall more then u can pick durians if you can afford it cause when economy recovers, landed also rise more...not quite sure how to read this chart but I bought my terrace at 2010 when lines converge then they suddenly diverge so just wait for it to converge again maybe....
The landed property play is driven by greed, its driven about the potential to make big capital gain in short span of time.
When this potential is gone, no one is going to pay ridicules amount for landed property because there is no value in holding
them due to the poor rental yield, high maintenance cost and high property tax.
URA will be announcing the Q3 index this coming week and the chart should look even more shocking.
Can I ask you how is the index calculated and what does it measure? Who comes up with this index?
Can I ask you how is the index calculated and what does it measure? Who comes up with this index?
Property is for mid to long-term investment. It applies to all classes of properties and not just to landed. New citizen with money will be looking at landed property. You may want do some research first.
The landed property play is driven by greed, its driven about the potential to make big capital gain in short span of time.
When this potential is gone, no one is going to pay ridicules amount for landed property because there is no value in holding
them due to the poor rental yield, high maintenance cost and high property tax.
URA will be announcing the Q3 index this coming week and the chart should look even more shocking.
Property is for mid to long-term investment. It applies to all classes of properties and not just to landed. New citizen with money will be looking at landed property. You may want do some research first.
If you have done your research why not share with us your findings and your source of information?
Perhaps at the moment, there are very little new citizen with money, thats why price of property are falling despite no new supply.
Have extracted the latest caveats of transactions done for landed properties in D10 from URA. Not sure whether these indicate a firming of prices for transaction in Oct 2014.
Project Name
Street Name
Type
Postal
District
Market
Segment
Tenure
No. of
Units
Price
($)
Area
(Sqft)1
Type of
Area2
Floor Level
Unit Price
($psf)3
Date of Option
Exercised / Sales
Agreement Signed
DUKE'S GARDEN DUCHESS ROAD Semi-Detached House 10 CCR 999 yrs lease commencing from 1875 1 8,800,000 3,777 Land - 2,330 Oct-14
SHAMROCK PARK NAMLY DRIVE Detached House 10 CCR Freehold 1 10,200,000 5,426 Land - 1,880 Oct-14
LANDED HOUSING DEVELOPMENT ROBIN CLOSE Semi-Detached House 10 CCR Freehold 1 6,500,000 3,221 Land - 2,018 Oct-14
DUKE'S GARDEN PRINCESS OF WALES ROAD Semi-Detached House 10 CCR 999 yrs lease commencing from 1875 1 6,445,000 3,774 Land - 1,708 Sep-14
BAN GUAN PARK GREENLEAF VIEW Semi-Detached House 10 CCR Freehold 1 7,100,000 3,589 Land - 1,978 Sep-14
THE TENERIFFE LAUREL WOOD AVENUE Terrace House 10 CCR 99 yrs lease commencing from 1996 1 3,750,000 4,133 Strata - 907 Sep-14
LANDED HOUSING DEVELOPMENT KING'S ROAD Semi-Detached House 10 CCR Freehold 1 6,200,000 3,862 Land - 1,605 Sep-14
LANDED HOUSING DEVELOPMENT QUEEN'S ROAD Detached House 10 CCR Freehold 1 9,550,000 6,225 Land - 1,534 Sep-14
PALMS @ SIXTH AVENUE SIXTH AVENUE Semi-Detached House 10 CCR Freehold 1 5,350,000 4,682 Strata - 1,143 Aug-14
PALMS @ SIXTH AVENUE SIXTH AVENUE Semi-Detached House 10 CCR Freehold 1 5,730,000 4,951 Strata - 1,157 Aug-14
Property is for mid to long-term investment - provided they are FREEHOLD properties!
Those buying 99-years leasehold are all looking at short-term only, hoping to flip and sell to others at a better price within the first 10 years, or otherwise before 30 years is up................... :topsy_turvy:
Property is for mid to long-term investment. It applies to all classes of properties and not just to landed. New citizen with money will be looking at landed property. You may want do some research first.
Hang on I think we need to distinguish between landed leasehold and landed FH. Landed FH will always be in demand. Landed leasehold on the other hand will be tough to weather through when they property becomes older and not well maintained and wasn't built to specs that others may like. Many will feel that it may not be worth it to buy that resale leasehold landed and having the need to tear down to rebuild or do major refurbishment incurring $$$
Of course i am referring to FH landed and at least in city fringe.
Hang on I think we need to distinguish between landed leasehold and landed FH. Landed FH will always be in demand. Landed leasehold on the other hand will be tough to weather through when they property becomes older and not well maintained and wasn't built to specs that others may like. Many will feel that it may not be worth it to buy that resale leasehold landed and having the need to tear down to rebuild or do major refurbishment incurring $$$
Demand for freehold terrace in my area city fringe still seems good. Had a buyer yesterday but we not at home and insisted on no 2mil budget no view so they offered my neighbour who very smart, made a new, nice gate that cannot see inside and not at home...they offer him then he open for them to see, and they can offer without seeing inside first! From my second storey house, can see quite run down but viewers cannot see that from the impressive gate...
Do not sell if you can unless you know where to put your sale proceed in investment tool with ROI of at least 8%pa. Look at the potential growth area in your vicinity and you will know what I meant.
Demand for freehold terrace in my area city fringe still seems good. Had a buyer yesterday but we not at home and insisted on no 2mil budget no view so they offered my neighbour who very smart, made a new, nice gate that cannot see inside and not at home...they offer him then he open for them to see, and they can offer without seeing inside first! From my second storey house, can see quite run down but viewers cannot see that from the impressive gate...
It was mentioned in the same SingaporeEdge article (Oct) shown here. I have only managed to extract the first part. Look at those with holding power and wait for mid to long term.
http://i332.photobucket.com/albums/m356/DC33_2008/GCBSingaporeEdgeOct2014_zpsaa9ca44f.jpg (http://s332.photobucket.com/user/DC33_2008/media/GCBSingaporeEdgeOct2014_zpsaa9ca44f.jpg.html)
If you have done your research why not share with us your findings and your source of information?
Perhaps at the moment, there are very little new citizen with money, thats why price of property are falling despite no new supply.
It was mentioned in the same SingaporeEdge article (Oct) shown here. I have only managed to extract the first part. Look at those with holding power and wait for mid to long term.
http://i332.photobucket.com/albums/m356/DC33_2008/GCBSingaporeEdgeOct2014_zpsaa9ca44f.jpg (http://s332.photobucket.com/user/DC33_2008/media/GCBSingaporeEdgeOct2014_zpsaa9ca44f.jpg.html)
Is this a good representation of a trend? How many GCB transaction have we seen in the past 12 months? The transaction is so bad that even MM GCB are being classified as GCB these days to generate fake volume and noise.
HOLDING POWER WINS THE DAY.
Is this a good representation of a trend? How many GCB transaction have we seen in the past 12 months? The transaction is so bad that even MM GCB are being classified as GCB these days to generate fake volume and noise.
HOLDING POWER WINS THE DAY.
Enter and Exit at the right times rip rewards. The landed property game is over since last year. anyone who sold last year go pick up a much bigger land today for the same price.
People with $ power does not need to do much but just hold for long term. It is like buying blue chip for long term. Look at the HNW who will buy without the need to have rental income to support loan. Either you do not get it or ignore it.
Enter and Exit at the right times rip rewards. The landed property game is over since last year. anyone who sold last year go pick up a much bigger land today for the same price.
People with $ power does not need to do much but just hold for long term. It is like buying blue chip for long term. Look at the HNW who will buy without the need to have rental income to support loan. Either you do not get it or ignore it.
You are wrong, people with money are very smart when comes to buying and selling property. Have you forgotten Simon Cheong sold his GCB last year? Have you forgotten that Sherman Kwek buy his first GCB when market is down? Property game is all about timing and there is no such thing and landed property will rise forever even if there is no new supply.
Like I said before, the landed property game is over, you cant make money on landed like before and when the potential is missing, so will be investors and buyers because its just not worth the risk and expenses. And btw, people hold bluechip is because it offering good dividends for landed, you will be running negative cashflow if you are cant find tenant or rent is too low.
Have already got the money in the safe. Question is how much I want to made unless prices goes back to 60s.
You are wrong, people with money are very smart when comes to buying and selling property. Have you forgotten Simon Cheong sold his GCB last year? Have you forgotten that Sherman Kwek buy his first GCB when market is down? Property game is all about timing and there is no such thing and landed property will rise forever even if there is no new supply.
Like I said before, the landed property game is over, you cant make money on landed like before and when the potential is missing, so will be investors and buyers because its just not worth the risk and expenses. And btw, people hold bluechip is because it offering good dividends for landed, you will be running negative cashflow if you are cant find tenant or rent is too low.
Have already got the money in the safe. Question is how much I want to made unless prices goes back to 60s.
Stop blowing your trumpet about your wealth or money in the forum. When you do that, chances are you have very little.
Time to grow up and be realistic to face it like a MAN.
Stop blowing your trumpet about your wealth or money in the forum. When you do that, chances are you have very little.
Time to grow up and be realistic to face it like a MAN.
I am not sure what MAN you are talking about. Perhaps one with big muscle and very little brain?
Those are the attributes of a man that you are referring to.
I am not sure what MAN you are talking about. Perhaps one with big muscle and very little brain?
How can you expect him to hold for long term when he can only afford 99-YEARS LEASEHOLD property and asking him to hold long-term is like to ask him to see his property value "DEPRECIATE" in comparative value every year vs other neighbouring FH properties! :doh:
People with $ power does not need to do much but just hold for long term. It is like buying blue chip for long term. Look at the HNW who will buy without the need to have rental income to support loan. Either you do not get it or ignore it.
Enter and Exit at the right times rip rewards. The landed property game is over since last year. anyone who sold last year go pick up a much bigger land today for the same price.
Only a lousy investor will tell you that you need to how long term, for that I mean they dont even know how long to hold.
For smart investor, they always invest with an exit strategy because life in short, in your working life span how many property
cycle can you wait? Are you going to buy property when you are in 60s while you should already be enjoying the fruits of your labour.
1995 sold my HDB got a cheque from HDB after staying for 7 years. Friends tell me such a thing will never happen again.
2010 UOB told me I got equity of SGD 1,000,000. Friends told me to sell, I ask them sell then what to do with the money.
AEC 2015, are you prepare to harvest the benefit or MTB again.
Price high, wait for it to go down, Price go down, scare it will go down some more. Result MTB again.
When I was a young man, I ask myself when can I own a private property. I can never save enough to buy one.
Now I am old, I know why I think the way I think when I was young.
Thank you for programming us to be good worker.
Of course i am referring to FH landed and at least in city fringe.
Ya, I meant the stats chart which ringo showed I don't think they distinguish between FH or LH landed.
Demand for freehold terrace in my area city fringe still seems good. Had a buyer yesterday but we not at home and insisted on no 2mil budget no view so they offered my neighbour who very smart, made a new, nice gate that cannot see inside and not at home...they offer him then he open for them to see, and they can offer without seeing inside first! From my second storey house, can see quite run down but viewers cannot see that from the impressive gate...
It doesn't matter if the intention is to tear down and rebuild completely. For the really rich they would want to buy a FH landed that is in tip top and build to specs and architecture very close to their taste but they would probably really rather tear down and rebuild completely to how they would want it exactly. The land is what it really matters. The immediate neighbours will matter too especially if it's a terrace plot of land. The better maintained the potential neighbours properties are maintained the more appealing it will be to be their neighbours.
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