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http://www.propertyguru.com.sg/property-management-news/2016/6/128452/5-room-hdb-flat-in-clementi-sells-for-record-960000?utm_content=buffer217e0&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer
5-room HDB flat in Clementi sells for record $960,000
EXCLUSIVE: According to Housing Board data, a 5-room HDB resale flat at Block 425 Clementi Avenue 1 was sold for a record $960,000 this month, which translates to about $769 psf.
The approximately 1,259 sq ft flat is located between the 28th to 30th floors of the HDB block, which forms part of the Casa Clementi precinct, a multi-award winning public housing project.
The flat is located next to Nan Hua High and NUS High School, but is not within walking distance of Clementi MRT station.
The sale has set a new record for 5-room flats in Clementi, and is tied with the October 2013 transaction of an executive maisonette at Block 206 Clementi Avenue 6 for $960,000, or $571 psf.
Prior to this, the most expensive 5-room flats in the area were sold in August and November last year. The two units at Block 114 Clementi Street 13 changed hands for $888,000.
This also surpasses the recent sale of a 5-room flat in nearby Redhill, which was sold in May for $950,000.
In addition, another 5-roomer at Kim Tian Road in Tiong Bahru was transacted for $950,000 in October 2015.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email
[email protected]
I think so...........
I think buyer probably judged that OCR private property prices going to CRASH, so sell his private property and downgrade to a HDB flat to cash out from OCR private property and lock-in his HUGE profits (since OCR private property price still around historical PEAK since Singapore come into existence)..............
http://www.propertyguru.com.sg/property-management-news/2016/6/128452/5-room-hdb-flat-in-clementi-sells-for-record-960000?utm_content=buffer217e0&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer
5-room HDB flat in Clementi sells for record $960,000
EXCLUSIVE: According to Housing Board data, a 5-room HDB resale flat at Block 425 Clementi Avenue 1 was sold for a record $960,000 this month, which translates to about $769 psf.
The approximately 1,259 sq ft flat is located between the 28th to 30th floors of the HDB block, which forms part of the Casa Clementi precinct, a multi-award winning public housing project.
The flat is located next to Nan Hua High and NUS High School, but is not within walking distance of Clementi MRT station.
The sale has set a new record for 5-room flats in Clementi, and is tied with the October 2013 transaction of an executive maisonette at Block 206 Clementi Avenue 6 for $960,000, or $571 psf.
Prior to this, the most expensive 5-room flats in the area were sold in August and November last year. The two units at Block 114 Clementi Street 13 changed hands for $888,000.
This also surpasses the recent sale of a 5-room flat in nearby Redhill, which was sold in May for $950,000.
In addition, another 5-roomer at Kim Tian Road in Tiong Bahru was transacted for $950,000 in October 2015.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email
[email protected]
https://www.99.co/search/clementi?autocomplete_name=The%20Trilinq&cluster_id=dejnVDXf3pNgMEV2sADn8N6m&listing_type=sale&map_bounds=1.303649%2C103.752468%2C1.321605%2C103.775128&name=The%20Trilinq&page_num=1&page_size=20&query_coords=1.3185369431570382%2C103.76169512466244&query_ids=dejnVDXf3pNgMEV2sADn8N6m&query_limit=radius&query_type=cluster&radius_max=1000&rental_type=unit&sort_field=listrank&sort_order=desc&zoom=16
S$1,446.48 psf for condo.
5-room HDB resale flat at Block 425 Clementi Avenue 1 was sold for a record $960,000 this month, which translates to about $769 psf.
Profit = $1446.48 psf - 769 = $677.48 psf
If size = 1300 sqft, that means pocketed profit = S$880,724 !!!!!!!!!!!!
Good enough to retire at 65 years old..................
https://www.99.co/search/clementi?autocomplete_name=The%20Trilinq&cluster_id=dejnVDXf3pNgMEV2sADn8N6m&listing_type=sale&map_bounds=1.303649%2C103.752468%2C1.321605%2C103.775128&name=The%20Trilinq&page_num=1&page_size=20&query_coords=1.3185369431570382%2C103.76169512466244&query_ids=dejnVDXf3pNgMEV2sADn8N6m&query_limit=radius&query_type=cluster&radius_max=1000&rental_type=unit&sort_field=listrank&sort_order=desc&zoom=16
S$1,446.48 psf for condo.
5-room HDB resale flat at Block 425 Clementi Avenue 1 was sold for a record $960,000 this month, which translates to about $769 psf.
For the record, Clementi is OCR region. And this is OCR HDB.
Like that OCR how to crash???
Profit = $1446.48 psf - 769 = $677.48 psf
If size = 1300 sqft, that means pocketed profit = S$880,724 !!!!!!!!!!!!
Good enough to retire at 65 years old..................
Just wait for next few years and you will see the OCR CRASH, no doubt about it (since CCR had already crashed)............ :beats-me-man:
For the record, Clementi is OCR region. And this is OCR HDB.
Like that OCR how to crash???
CCR has not really crashed, price has come down by 15% to compensate for ABSD as more are bought by foreigners and for investment. More people buy OCR for own stay and is their only property, so no ABSD, hence price declined a lot less.
Just wait for next few years and you will see the OCR CRASH, no doubt about it (since CCR had already crashed)............ :beats-me-man:
I waited many years from 2012 conversation with you leh.
So far only OCR CASH.
OK I wait. If it does, I might not need to wait so long for the next investment.
HUAT!
You must have remembered wrongly!
I only started warning that private property market will crash sooner or later since 2015 after all the hard-hitting property cooling measures were introduced (not since 2012 - at that time I was still bullish, and too bad you didn't heed my opinion for being bullish to buy).....
And after CCR private properties crashed, sooner or later it will be OCR turn (OCR can't be immune to it right or you think "it is going to be different this time"? Well, this phrase I heard too many times, and it is just a matter of time, and not whether it will or will not...............)
I waited many years from 2012 conversation with you leh.
So far only OCR CASH.
OK I wait. If it does, I might not need to wait so long for the next investment.
HUAT!
Bro, I bet you have forgotten how long you have ranted against OCR. This was but one post in March 2012 when I first joined this forum. Need me to find some more?
Yes, we must be adaptive, like shout "CRASH" ah when it is the right time, like now! :p
Not sure all those crazy new launch OCR buying at record-breaking $PSF can last how long? :beats-me-man:
You must have remembered wrongly!
I only started warning that private property market will crash sooner or later since 2015 after all the hard-hitting property cooling measures were introduced (not since 2012 - at that time I was still bullish, and too bad you didn't heed my opinion for being bullish to buy).....
And after CCR private properties crashed, sooner or later it will be OCR turn (OCR can't be immune to it right or you think "it is going to be different this time"? Well, this phrase I heard too many times, and it is just a matter of time, and not whether it will or will not...............)
Oh really?
That means OCR private property prices CRASHING should be much nearer now!!! All property prices go through PEAK and TROUGH cycles! The PEAK and CRASH cycle is the only CONSTANT in this world! :beaten:
Bro, I bet you have forgotten how long you have ranted against OCR. This was but one post in March 2012 when I first joined this forum. Need me to find some more?
Oh really?
That means OCR private property prices CRASHING should be much nearer now!!! All property prices go through PEAK and TROUGH cycles! The PEAK and CRASH cycle is the only CONSTANT in this world! :beaten:
Teddy you are a crash King. Admit it lah.
Teddy you are a crash King. Admit it lah.
He ah is KING of BULL SHIT LAH.
minority,
You are the KING of LIAR here, if you admit to be Number 2, there is no Number 1 in Singapore or even in the world......... :hornybastard:
He ah is KING of BULL SHIT LAH.
Property is still one of the better investment instrument for long term. Just look at the SPPI. Hence,the rich can richer as long as you can hold. However, opportunity is far fewer now with so many new cooling measures but is still there.
http://i332.photobucket.com/albums/m356/DC33_2008/Private%20Property%20Price%20Index%201975-2015_zpsq0qzwaae.jpg
This is ONLY TRUE if the country's economy is growing rapidly, wages is growing rapidly, interest rate is much lower than rental yield, there is large inflow of human capital so that demand for properties will keep increasing..........
However, this is NOT the case for Singapore going forward with:
1) Economy seems to be doing worse...
2) Foreigners intake tightened to emphasize "Singapore core" and Singaporeans rejected population increase...
3) Foreigners not coming to buy properties to live in Singapore because of ABSD etc discriminatory policies that discriminate against foreigners...
4) (What else???)
Property is still one of the better investment instrument for long term. Just look at the SPPI. Hence,the rich can richer as long as you can hold. However, opportunity is far fewer now with so many new cooling measures but is still there.
http://i332.photobucket.com/albums/m356/DC33_2008/Private%20Property%20Price%20Index%201975-2015_zpsq0qzwaae.jpg
This is ONLY TRUE if the country's economy is growing rapidly, wages is growing rapidly, interest rate is much lower than rental yield, there is large inflow of human capital so that demand for properties will keep increasing..........
However, this is NOT the case for Singapore going forward with:
1) Economy seems to be doing worse...
2) Foreigners intake tightened to emphasize "Singapore core" and Singaporeans rejected population increase...
3) Foreigners not coming to buy properties to live in Singapore because of ABSD etc discriminatory policies that discriminate against foreigners...
4) (What else???)
LOL!!! You know what the saying goes. KAY ZUAR!.. TALK COCK. ABSD u now call Discriminate ? Didnt u kpkb price increase ? you are like LALANG. HAPPY HAPPY LEAN LEFT LEAN RIGHT. Which ever suit your Bullshit agenda.
Property is still one of the better investment instrument for long term. Just look at the SPPI. Hence,the rich can richer as long as you can hold. However, opportunity is far fewer now with so many new cooling measures but is still there.
http://i332.photobucket.com/albums/m356/DC33_2008/Private%20Property%20Price%20Index%201975-2015_zpsq0qzwaae.jpg
Assest the is inflation hedge will always protect wealth. those that have the ability to leverage will be advantage. But leverage also have its risk. Its apply everywhere not just sgp.
Is there a index that factor in inflation ? the curve will be much less. Coz that will likely show the actual rise in value. Some consideration would also be the int rates in the 75 to 90s era.
Trump is labelled as King of Debt recently. Why? Becos he is good at leveraging cheap money and benefitting from it. That is why rich becomes richer as they have better borrowing power and better credit terms. That is the real world.
Assest the is inflation hedge will always protect wealth. those that have the ability to leverage will be advantage. But leverage also have its risk. Its apply everywhere not just sgp.
Is there a index that factor in inflation ? the curve will be much less. Coz that will likely show the actual rise in value. Some consideration would also be the int rates in the 75 to 90s era.
We have come a long way from third world to a developed country. We will never see above 4% growth. The FT tap will be opened given such a low replacement rate in our population and our current workforce is aging. It will never be able to support all those social programs in 5-10 years time. It is important for Singapore to be stable politically and economically. People will still willing to park their money here. Singapore is touted as the Switzerland of the East.
This is ONLY TRUE if the country's economy is growing rapidly, wages is growing rapidly, interest rate is much lower than rental yield, there is large inflow of human capital so that demand for properties will keep increasing..........
However, this is NOT the case for Singapore going forward with:
1) Economy seems to be doing worse...
2) Foreigners intake tightened to emphasize "Singapore core" and Singaporeans rejected population increase...
3) Foreigners not coming to buy properties to live in Singapore because of ABSD etc discriminatory policies that discriminate against foreigners...
4) (What else???)
After 8 years 8 month in France, I can tell you there is a lot of changes in Singapore.
All the changes need money, and money doesn't drop from the sky, they print it.
So when they print it, your money in the Bank can only buy less the longer you hold it in the Bank.
Have you studied/learnt economics and finance before?
Do you understand the consequences of printing money like S$? :miserable:
After 8 years 8 month in France, I can tell you there is a lot of changes in Singapore.
All the changes need money, and money doesn't drop from the sky, they print it.
So when they print it, your money in the Bank can only buy less the longer you hold it in the Bank.
I only know 535000 become 1550000 in 4 years
Ha ha ha!
Just luck only, and luck will never be with any person for ever, even if he is Emperor............
That may be the reason why Temasek doesn't seem to do well in their investment.......
I only know 535000 become 1550000 in 4 years
Agree, when I sold my HDB after staying for 7 years and get a cash cheque of 180,000 my friends also say luck.
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