View Full Version : FLAMINGO VALLEY, FH
The Bull is back ...property to chiong up from here...
funny... FV has been selling for so long... why suddenly everyone start to chiong for it.
I was looking at tt unit too! But e agent begged me to buy.! Ok, tt was last year n e year b4 n i took my time to look at every unit. The agent was so upset when I juz walked out.
I was joking. The above did not happen but I visited FV twice and I was the only person in the showroom at the 2nd occasion last year.
Yes, the bull run is back now. For how long? I think it won't last very long if you look at the basis for the surge. I will confirm again when I visit the showrooms in the next few months and look at other indicators.
I guessed the only thing stopping some interested buyers is the cemetary...and the future plans for it...if not it would have generated much better interest or sale.
If Bedok Residences is oredi doing >$1,200, FV at ard $1,200 still ex? nvm that the attributes are different. just my own assessment :)
How many units left?
I guessed the only thing stopping some interested buyers is the cemetary...and the future plans for it...if not it would have generated much better interest or sale.
If Bedok Residences is oredi doing >$1,200, FV at ard $1,200 still ex? nvm that the attributes are different. just my own assessment :)
bakasa2002
04-05-12, 14:13
I understand the units at #xx-81 is pretty good. But you must know that it is situated near the drain and tennis court. Smell and noise? Anyway, have you looked at the units at #xx-61. What do you think of them?
Didn't notice there is a drain. #81 has the adv of unblocked and quite a distance from the tennis court as compared to #37 imo but I agree it's not everyone cup of tea. #61&67 will definitely be quieter but it has the backyard of landed houses just in front, so might not be everyone cup of tea. :)
bakasa2002
04-05-12, 14:16
I guessed the only thing stopping some interested buyers is the cemetary...and the future plans for it...if not it would have generated much better interest or sale.
If Bedok Residences is oredi doing >$1,200, FV at ard $1,200 still ex? nvm that the attributes are different. just my own assessment :)
Was told by agent cemetery is state land since 1980s and 2008 master plan is zoning it for residential just that the graves has not been exhumed. BR is doing >$1300. FV is $1250 but some ppl prefer integrated development, particularly people who don't drive. I guess if I am not driving, staying at FV can be quite a pain. :)
bakasa2002
04-05-12, 14:18
How many units left?
Last heard about 140 last wk. :)
Sleepyhead
04-05-12, 15:06
Didn't notice there is a drain. #81 has the adv of unblocked and quite a distance from the tennis court as compared to #37 imo but I agree it's not everyone cup of tea. #61&67 will definitely be quieter but it has the backyard of landed houses just in front, so might not be everyone cup of tea. :)
#81 is further than #37 from tennis courts but #37 is on upper stack so starts at level 5 above tennis courts whereas #81 is same level as the court.
#61 & #67 are not bad.
#28 & #39 also not bad.
Anyone is buying after a surprise run of few pages in this development?
I am going down to see it again ...
Also going to SH and some others.
Must be open minded to good deals eventhough my chequebook is closed.
Anyone is buying after a surprise run of few pages in this development?
I am going down to see it again ...
Also going to SH and some others.
Must be open minded to good deals eventhough my chequebook is closed.
Please do update the status when you are there? Thanks.
Sleepyhead
04-05-12, 15:32
Yes, the bull run is back now. For how long? I think it won't last very long if you look at the basis for the surge. I will confirm again when I visit the showrooms in the next few months and look at other indicators.
Bull is back? I think Bull has come and almost gone. Bull is tired and running out of steam.
Buying for own stay is one thing. Buying for renting out is a different matter. Perhaps better to wait till 2015 when all the new launches have TOP'd, and we can get a clearer picture of the rental demand/supply in Singapore.
FV is more a development that people buy for own stay, so maybe that explains the sudden 'chionging' here?
Sleepyhead
04-05-12, 15:34
I understand the units at #xx-81 is pretty good. But you must know that it is situated near the drain and tennis court. Smell and noise? Anyway, have you looked at the units at #xx-61. What do you think of them?
Covered drain surrounds almost the entire development.
Covered drain can be smelly meh? I actually haven't seen any smelly drains in Singapore!
Agree that tennis court can be noisy.
Bull is back? I think Bull has come and almost gone. Bull is tired and running out of steam.
Buying for own stay is one thing. Buying for renting out is a different matter. Perhaps better to wait till 2015 when all the new launches have TOP'd, and we can get a clearer picture of the rental demand/supply in Singapore.
FV is more a development that people buy for own stay, so maybe that explains the sudden 'chionging' here?
It is a small bull run. Confirm have bcoz even resales n subsales have picked up. The monthly sales from Jan to Mar, plus my visits to showrooms led me to e conclusion. Pp chiong FV bcoz recent 99LH exceeds its psf easily, n this is FH with v large land. Fear factor is at work.
I am going down to see it again ...
Also going to SH and some others.
Must be open minded to good deals eventhough my chequebook is closed.
how about the other projects like seahill and the new ones in D19
Yup defo Seahill
how about the other projects like seahill and the new ones in D19
Sleepyhead
04-05-12, 15:59
Please do update the status when you are there? Thanks.
Approx 135 units left. Showrooms seems quiet, but maybe because I went on a weekday.
Agent tells me that the developer will be removing the stamp duty rebate soon. Not sure if that's another sales tactic?
Approx 135 units left. Showrooms seems quiet, but maybe because I went on a weekday.
Agent tells me that the developer will be removing the stamp duty rebate soon. Not sure if that's another sales tactic?
Among 135 units, how many belongs to the exclusive units that face the mature garden?
funny... FV has been selling for so long... why suddenly everyone start to chiong for it.
SENTIMENT..thats what its all about u chiong to buy i see i chiong...somebody see me they also chiong..so thats what its all about...:D
#81 is further than #37 from tennis courts but #37 is on upper stack so starts at level 5 above tennis courts whereas #81 is same level as the court.
#61 & #67 are not bad.
#28 & #39 also not bad.
i was offered 01-81 after 01-61 sold and i found 01-67 a bit X...BUT NO way i going to get a unit facing pool/tennis court/playground/bbq pit ANYTHING where people gather...from my PERSONAL experience after living in a PC on the ground floor that kind of FACING SUCKZ BIG TIME>..:(
anyway i always believe if its yours its yours...so i will just move on who knows maybe the buyer of 01-61 might sell his unit in 4 years time...:D
Among 135 units, how many belongs to the exclusive units that face the mature garden?
A LOT i bet...actually if u go into the showroom there is A BIG board with all the units and those that are SOLD got a marking any bro going can u snap a PHOTO of that board and upload...:D
i was offered 01-81 after 01-61 sold and i found 01-67 a bit X...BUT NO way i going to get a unit facing pool/tennis court/playground/bbq pit ANYTHING where people gather...from my PERSONAL experience after living in a PC on the ground floor that kind of FACING SUCKZ BIG TIME>..:(
anyway i always believe if its yours its yours...so i will just move on who knows maybe the buyer of 01-61 might sell his unit in 4 years time...:D
Why face pool ground floor sucks? People passing by keep playing with your doggy and feed it rubbish when you not looking is it?
Sleepyhead
04-05-12, 16:53
Among 135 units, how many belongs to the exclusive units that face the mature garden?
Surprisingly not that many. Maybe 10-15 units left in block 468. Even then, not all of them face the garden.... all the dual-key units face block 470. The remaining stacks there are all the small-3 bedders. If you are looking for mid-size, they are not in this block.
Oh by the way for the record i been to so many show flat but FV is the only one that i never throw away the BIG GREEN brochure BOOK that shows all the layout and info....:ashamed1:..the other condos one all in DUSTBIN...:D
Why face pool ground floor sucks? People passing by keep playing with your doggy and feed it rubbish when you not looking is it?
you get teenagers/kids jumping screaming on saturday afternoon i tell U NIGHTMARE....all depends on the kind of crowd but if i paying 1.5 Million for an APT i want PEACE...of course got some advantage can see chio bu in bikini thats nice...:D
you get teenagers/kids jumping screaming on saturday afternoon i tell U NIGHTMARE....all depends on the kind of crowd but if i paying 1.5 Million for an APT i want PEACE...of course got some advantage can see chio bu in bikini thats nice...:D
Would your preference change once/when you have human kids of your own?
Surprisingly not that many. Maybe 10-15 units left in block 468. Even then, not all of them face the garden.... all the dual-key units face block 470. The remaining stacks there are all the small-3 bedders. If you are looking for mid-size, they are not in this block.
i was offered 01-22 thats NEXT to the show flat at 1.324 mill with 9% discount and SD rebate...BUT i did my viewing almost before they close at 7pm...when leaving i went to back of unit facing the garden wah...REALLY hair stand..:scared-1:
Would your preference change once/when you have human kids of your own?
hmm i got TWO monkeys of my own...ENOUGH..noise in my house..:doh:
you get teenagers/kids jumping screaming on saturday afternoon i tell U NIGHTMARE....all depends on the kind of crowd but if i paying 1.5 Million for an APT i want PEACE...of course got some advantage can see chio bu in bikini thats nice...:D
depends on the condo and crowd la. Mine most of the time bo lang one. the most people i ever saw was 5-6. condo size about 200units
depends on the condo and crowd la. Mine most of the time bo lang one. the most people i ever saw was 5-6. condo size about 200units
agree thats why i said from My PERSONAL experience...once at night got fight at the pool....a group of pai kia teenagers smashed things up...:doh:...security also useless one...:doh:
i was offered 01-22 thats NEXT to the show flat at 1.324 mill with 9% discount and SD rebate...BUT i did my viewing almost before they close at 7pm...when leaving i went to back of unit facing the garden wah...REALLY hair stand..:scared-1:
9 % for u to sembahyang everyday....; not enough ..! Why show flat close so early. Most project show flat close like 9pm and later if got viewers
so radha08, where to next? looks like FV is no more for you...
Nothing new within 1km of FV ley.
or try Elliot sub-sale?
I am still a firm supporter of Flamingo Valley.
so radha08, where to next? looks like FV is no more for you...
Nothing new within 1km of FV ley.
or try Elliot sub-sale?
ya damm sianz...now looking at resale around here villa marina...:doh:...expensive 99lh...park east...VERY VERY run down...bayshore...CRAZY price...neptune court/lagoon view...DAMM OLD...dunno la..
ya damm sianz...now looking at resale around here villa marina...:doh:...expensive 99lh...park east...VERY VERY run down...bayshore...CRAZY price...neptune court/lagoon view...DAMM OLD...dunno la..
Elliot : just TOP, big big patio for your dog
hmm i got TWO monkeys of my own...ENOUGH..noise in my house..:doh:
Haha ok plus outside become surround sound liao
ya damm sianz...now looking at resale around here villa marina...:doh:...expensive 99lh...park east...VERY VERY run down...bayshore...CRAZY price...neptune court/lagoon view...DAMM OLD...dunno la..
no such thing as cheap and good la. if good then the price also very good. i guess since you like the area, there isn't much choice for freehold.
1. FV
2. park east
3. Fernwood
4. Ocean Park? a little further.
5. Finland Gdns
6. Eastern Lagoon? a little further also.
7. crescendo
8.hacienda
8. elliot
thats it.. with the exception of elliot, the rest all more than 15years old. and ocean park, hacienda and eastern lagoon lagi older.
How abt East Coast Residence? Actually there are a lot of freehold projects better than this project. Why buy one next to cemetry and no MRT? :doh: Walk up the slope from main east coast road oso tiring...
9 % for u to sembahyang everyday....; not enough ..! Why show flat close so early. Most project show flat close like 9pm and later if got viewers
Not too late.. neighbours are waking up :spliff2:
ya damm sianz...now looking at resale around here villa marina...:doh:...expensive 99lh...park east...VERY VERY run down...bayshore...CRAZY price...neptune court/lagoon view...DAMM OLD...dunno la..
Mandarin Garden ? Fernwood ? St Pat area ?
ya damm sianz...now looking at resale around here villa marina...:doh:...expensive 99lh...park east...VERY VERY run down...bayshore...CRAZY price...neptune court/lagoon view...DAMM OLD...dunno la..
Looks like you have to show your hand soon.
I am preparing to buy tomorrow. Will try to bargain to 1.3 to 1.4 mil.
Wish me luck!
Sleepyhead
04-05-12, 22:02
GOOD LUCK!!!!!!
Haha ok plus outside become surround sound liao
plus my WIFE...perfect...CENTRE SPEAKER....:D:D:D:D:D:D
Looks like you have to show your hand soon.
RWS...MBS..must show hand...:D:D:D
KBW casino...NO need la...:D:D:D:D:D
I am preparing to buy tomorrow. Will try to bargain to 1.3 to 1.4 mil.
Wish me luck!
congrats bro! will go down the showflat to visit u tmr!!
I am preparing to buy tomorrow. Will try to bargain to 1.3 to 1.4 mil.
Wish me luck!
Oh, so u have decided to give up your dream to own landed - Brooks@Springside?
http://forums.condosingapore.com/showpost.php?p=263954&postcount=89
speculator
05-05-12, 05:10
I am preparing to buy tomorrow. Will try to bargain to 1.3 to 1.4 mil.
Wish me luck!
Are you buying Cemetery view unit?
RWS...MBS..must show hand...:D:D:D
KBW casino...NO need la...:D:D:D:D:D
It is frustrating to see prices going higher while you wait. You might miss the current prices. The best period to buy this year should be Jan-Mar. Apr onwards has seen developers increasing the prices in anticipation of SH launch. Note the government is increasing salary, so my conclusion is prices will not correct this year. Good luck to your wait.
It is frustrating to see prices going higher while you wait. You might miss the current prices. The best period to buy this year should be Jan-Mar. Apr onwards has seen developers increasing the prices in anticipation of SH launch. Note the government is increasing salary, so my conclusion is prices will not correct this year. Good luck to your wait.
tks yup i know its frustrating i missed a few boats jan/feb period....1800sq ft 2 story landed very decent condition opera estate 1.88mil....1600sq feet gnd flr unit at gemini apt(jln tua kong)....sold at 1.13 mil...FV of course....looking back i can only tell myself perhaps those were not meant to be mine...there is something else out there for me...so like MM Lee always says...LETS MOVE ON...:D
Newer projects
Grand Duchess@St Patrick
Breeze by the East
Both are nice
I am preparing to buy tomorrow. Will try to bargain to 1.3 to 1.4 mil.
Wish me luck!
Wish u lot of good luck.
I find the location is not so convenient. Only one bus service.
As this is a big investment ticket item, think carefully before u commit.
Get a better unit even the price is higher.
Fierce herd buying mentality coming back............
I'm not so optimistic on the equities side that runs 6mths ahead of the property.....
Last night US non-farm payrolls was disappointing.... Europe in recession......
The bad news will trickle in beginning from next week onwards......
If you think this is a short term dip, then better show hand when the news set in and you can bargain harder.
June will be a better time to buy and negotiate if this truly is a short term dip.
Fierce herd buying mentality coming back............
I'm not so optimistic on the equities side that runs 6mths ahead of the property.....
June will be a better time to buy and negotiate if this truly is a short term dip.
Property markets in HK and Sg are near all time high but not the equity, so the 6 months ahead is no longer a valid observation.
Anyway, I hv the same timing as u...JUNE
Are you buying Cemetery view unit?
I do not rule out if the price is attractive.
Sleepyhead
05-05-12, 10:30
I really think developer will not offer anymore discounts.. Unless buying many units at one go.
Heard one story of a buyer purchasing one of the pool facing penthouses.. She wanted to round down the price to a round number... Asking price was close to $3m... Rounding requested was approximately $1,800. Developer refused! :banghead:
So.. I think your strategy should be to try to get agent to give discount on his/her commissions. That may work? Anyone tried? After all it has been reported that in some developments the agents' commissions are high enough to offer stamp duty rebate to buyers out of their own pockets, right? ;)
Good to recollect some reviews done when it was 1st launched:
http://sgproptalk.blogspot.com/2010/06/flamingo-valley-review.html
http://www.h88.com.sg/article/Update%3A+Flamingo+Valley+site+photos/
http://www.h88.com.sg/article/Condo+Preview%3A+Flamingo+Valley/
bakasa2002
05-05-12, 12:03
I do not rule out if the price is attractive.
bro, waiting for your update. Apart fr cemetery and 02&09 that is along siglap road, I have not been able to see <1.4mil. It's a nice proj and it's truly the cheapest new launch in EC area if you don't mind the traffic n cemetery. I personally like it but it will definitely be a stretch ... My head is ruling for now. :(
bakasa2002
05-05-12, 12:04
I really think developer will not offer anymore discounts.. Unless buying many units at one go.
Heard one story of a buyer purchasing one of the pool facing penthouses.. She wanted to round down the price to a round number... Asking price was close to $3m... Rounding requested was approximately $1,800. Developer refused! :banghead:
So.. I think your strategy should be to try to get agent to give discount on his/her commissions. That may work? Anyone tried? After all it has been reported that in some developments the agents' commissions are high enough to offer stamp duty rebate to buyers out of their own pockets, right? ;)
I was told the same story abt the penthouses by a agent.:)
bakasa2002
05-05-12, 12:06
Now considering FV and Archipelago and it is like poles apart but the prices are not that far. Though Archi is a more affordable choice but for about 200k, I think lots of bro here will tell me it doesn't make sense to go for 99LH at Bedok Reservoir. Any opinions to share since they are quite similar type of projects?
FLAMINGO VALLEY is located next to Muslim cemetery. One can argue that the whole of Bishan used to be one big burial ground before, but is now one of the most sought after residential address.
However, the bodies buried under Bishan are exhumed and that makes quite a fair bit of difference…
http://sgproptalk.blogspot.com/2010/06/flamingo-valley-review.html
bakasa2002
05-05-12, 13:13
FLAMINGO VALLEY is located next to Muslim cemetery. One can argue that the whole of Bishan used to be one big burial ground before, but is now one of the most sought after residential address.
However, the bodies buried under Bishan are exhumed and that makes quite a fair bit of difference…
http://sgproptalk.blogspot.com/2010/06/flamingo-valley-review.html
Quite true but for people who like this development, I guess if they are not staying at the block right beside the cemetery, I guess most are ok. At least that' me. :)
I do not rule out if the price is attractive.
Wish you luck. If you have overly Yang the Yin from the cemetery is good for balancing out and is cooling. But be really sure you will stay there for life as if you sell it your potential buyer pool is very limited as many will mind...
Wild Falcon
05-05-12, 15:03
Bishan is Chinese cemetery right? This one is Muslim cemetary. It will NEVER be exhumed.
And while Bishan is quite expensive, it is also one area where property appreciated the LEAST. I recall it is one area where condos 15 years ago hardly breakeve. So one can see it as bad luck and bad fengshui as well.
FLAMINGO VALLEY is located next to Muslim cemetery. One can argue that the whole of Bishan used to be one big burial ground before, but is now one of the most sought after residential address.
However, the bodies buried under Bishan are exhumed and that makes quite a fair bit of difference…
http://sgproptalk.blogspot.com/2010/06/flamingo-valley-review.html
Sleepyhead
05-05-12, 15:11
Bishan is Chinese cemetery right? This one is Muslim cemetary. It will NEVER be exhumed.
And while Bishan is quite expensive, it is also one area where property appreciated the LEAST. I recall it is one area where condos 15 years ago hardly breakeve. So one can see it as bad luck and bad fengshui as well.
I can name quite a few other condos that sold like hotcakes 15 years ago... And now barely breaking even. Not just in Bishan.. So luck has nothing to do with it. All those condos are 99 LH... So unless you are in an excellent locations, you will struggle to make much capital gains from buying LH projects. Don't be tempted by the lower prices...
Now, if you are buying for rental yield, that's a different story.
Now considering FV and Archipelago and it is like poles apart but the prices are not that far. Though Archi is a more affordable choice but for about 200k, I think lots of bro here will tell me it doesn't make sense to go for 99LH at Bedok Reservoir. Any opinions to share since they are quite similar type of projects?
funnily i have NOT seen archi though my wife keeps pushing me to visit the showflat...the plus factor is the upcoming MRT...how much would a decent 1200 sq ft unit cost there..:confused:
look at this listing sits back to back with FV....HORRIBLY run down condo...selling almost same price as FV...:doh:
http://www.propertyguru.com.sg/listing/9631664/for-sale-park-east
look at this listing sits back to back with FV....HORRIBLY run down condo...selling almost same price as FV...:doh:
http://www.propertyguru.com.sg/listing/9631664/for-sale-park-east
How bad is it? I visited it about 3 years back and almost bought one unit which sold for 620psf. And it was sold again recently for 975psf. The place is old but it that bad to be considered very run down la. I also saw units at Fernwood a d summit and agree that those were slightly better
Sleepyhead
05-05-12, 16:25
look at this listing sits back to back with FV....HORRIBLY run down condo...selling almost same price as FV...:doh:
http://www.propertyguru.com.sg/listing/9631664/for-sale-park-east
I viewed another unit there recently.
It's not that bad, but for the quantum, I think FV better bah...
Sure you get larger space (about 100 sqft more) for the same quantum, but the offset is the location, age, condition, amenities.
Park East is actually set very far in so definitely need car.. FV still can walk or bus.
I viewed another unit there recently.
It's not that bad, but for the quantum, I think FV better bah...
Sure you get larger space (about 100 sqft more) for the same quantum, but the offset is the location, age, condition, amenities.
Park East is actually set very far in so definitely need car.. FV still can walk or bus.
I actually measured it. 700-800m from guard house to upper east coast road. Or you can take a shorter walk to catch the bus that goes around opera estate to bring you to the mrt. It's not that accessible but units are big without huge Aircon ledges, balcony or bay windows.
So how???
End of day liao.... any new proud owners of FV?
Anybody to congratulate?
I failed.
I went down and told them I wanted a 1152/1206sqft standard 3 bedder at 1.3mil (max); was greeted by sacarsm and failed to strike a deal.
I failed.
I went down and told them I wanted a 1152/1206sqft standard 3 bedder at 1.3mil (max); was greeted by sacarsm and failed to strike a deal.
So how now brown cow. Whats next?
I failed.
I went down and told them I wanted a 1152/1206sqft standard 3 bedder at 1.3mil (max); was greeted by sacarsm and failed to strike a deal.
Back to dreaming about the landed Brooks Collection@Springside?
I failed.
I went down and told them I wanted a 1152/1206sqft standard 3 bedder at 1.3mil (max); was greeted by sacarsm and failed to strike a deal.
Just read Dr Peter Brooks, behavioural financial consultant (ST Today) that people do suffer stress when the stock market goes down. They see their portfolios down and feel a need to act. This is known as "action bias" which mean that taking action is better than not doing anything. So most retail investors will sell and so confirm their losses.
Similarly, in the property market, when prices keep going up, people who have not bought suffer from stress as well or "action bias" as what Dr Brooks called it. So most retail investors will make the decision to buy despite the high price because making a decision is better than not doing anything.
Your failure to buy may not necessary be a bad thing. Hope Dr Brooks' theory could relieve some of your stress if you feel you had.
Back to dreaming about the landed Brooks Collection@Springside?
Your sacarsm is well recieved.
Just read Dr Peter Brooks, behavioural financial consultant (ST Today) that people do suffer stress when the stock market goes down. They see their portfolios down and feel a need to act. This is known as "action bias" which mean that taking action is better than not doing anything. So most retail investors will sell and so confirm log on their losses.
Similarly, in the property market, when prices keep going up, people who have not bought suffer from stress as well or "action bias" Dr Brooks called it. So most retail investors will make the decision to buy despite the high price because making a decision is better than not doing anything.
Your failure to buy may not necessary be a bad thing. Hope Dr Brooks' theory could relieve some of your stress if you feel you had.
I already no action for more than one year liao. Backside or finger itchy also numb liao... Thats why tcss here rather than action packed out there...
I already no action for more than one year liao. Backside or finger itchy also numb liao... Thats why tcss here rather than action packed out there...
The above might be next plan.
The above might be next plan.
mine too...buying is EXPENSIVE...TCSS is CHEAP...:D:D:D
Your sacarsm is well recieved.
if u like Siglap area where Flamingo Valley is and now u failed, u may consider landed at Opera Est..like this one:
http://www.propertyguru.com.sg/listing/9576743/for-sale-2-5-sty-5-1-opera-est-mins-walk-to-mrt-
Since u considered Brooks
[email protected] your family, brother in law, parents and in-laws under 1 roof, u probably need min 5 bedrooms, but this one is cheaper than Brooks..., yet D15..., more sought after locale...
http://www.propertyguru.com.sg/listing/8802932/for-sale-telok-kurau
I failed.
I went down and told them I wanted a 1152/1206sqft standard 3 bedder at 1.3mil (max); was greeted by sacarsm and failed to strike a deal.
I believe this is an expected outcome.
If they offer u $1.3m, u will still not buying, as u will ask for $1.2m
buttercarp
05-05-12, 21:22
I failed.
I went down and told them I wanted a 1152/1206sqft standard 3 bedder at 1.3mil (max); was greeted by sacarsm and failed to strike a deal.
You can tell them that you are genuinely interested.
And if they ever changed their mind, they can contact you.
I said that to an agent many years ago when she told me the price I asked was ridiculously low.
Then I managed to buy another place.
One month later she called n said now price can be discussed.
But I told her that I was sorry to disappoint her but I just bought another place. I felt so "song" at that point!
Sleepyhead
05-05-12, 21:22
I failed.
I went down and told them I wanted a 1152/1206sqft standard 3 bedder at 1.3mil (max); was greeted by sacarsm and failed to strike a deal.
You were hoping to buy at $1078 psf? That will be Park East price liau... Not possible in today's market I think. Perhaps you wait until it's the last unit... then maybe you have a slim chance of getting it at that psf.
I believe this is an expected outcome.
If they offer u $1.3m, u will still not buying, as u will ask for $1.2m
i was offered 01-22(1206sqfeet) at 1.32 mil...couple weeks ago...BIG NO NO cos facing matured...garden...:scared-1:
if u like Siglap area where Flamingo Valley is and now u failed, u may consider landed at Opera Est..like this one:
http://www.propertyguru.com.sg/listing/9576743/for-sale-2-5-sty-5-1-opera-est-mins-walk-to-mrt-
Since u considered Brooks
[email protected] your family, brother in law, parents and in-laws under 1 roof, u probably need min 5 bedrooms, but this one is cheaper than Brooks..., yet D15..., more sought after locale...
http://www.propertyguru.com.sg/listing/8802932/for-sale-telok-kurau
Thanks for the recommendation; However, I need to be realistic with my financial strength. My budget is only 1.3-1.5 mil, with my current household income.
I believe this is an expected outcome.
If they offer u $1.3m, u will still not buying, as u will ask for $1.2m
human nature..:D
i was offered 01-22(1206sqfeet) at 1.32 mil...couple weeks ago...BIG NO NO cos facing matured...garden...:scared-1:
Matured garden is good. Please look at it positively.
Thanks for the recommendation; However, I need to be realistic with my financial strength. My budget is only 1.3-1.5 mil, with my current household income.
same same...here...i also got to forget the landed dream...:cool:
Matured garden is good. Please look at it positively.
ya i tried too i got no issue but my family feel otherwise...so moved on...:rolleyes:
I believe this is an expected outcome.
If they offer u $1.3m, u will still not buying, as u will ask for $1.2m
I have prepared 260k (beg, loan and liquid all my savings etc) ready for 1.3 mil.
How about Vacanza East by Hoi Hup? Big FH also and within your budget. If they open a back gate at PIE side will be within 600m walk to the bedok town park MRT.
:beats-me-man:
Thanks for the recommendation; However, I need to be realistic with my financial strength. My budget is only 1.3-1.5 mil, with my current household income.
u are on the right track. :cheers6:
Thanks for the recommendation; However, I need to be realistic with my financial strength. My budget is only 1.3-1.5 mil, with my current household income.
The unit u eyeing and offer $1.3m , what was Developer price? $1.4m ?
The unit u eyeing and offer $1.3m , what was Developer price? $1.4m ?
They are not even offer me when I told them my budget.
I have prepared 260k (beg, loan and liquid all my savings etc) ready for 1.3 mil.
何苦呢？
真的为了买一间屋子，把自己弄到累债到这样的程度、
这是可怜，可悲还是可笑，或是不知量力.
buttercarp
05-05-12, 23:08
何苦呢？
真的为了买一间屋子，把自己弄到累债到这样的程度、
这是可怜，可悲还是可笑，或是不知量力.
For the benefit of our non chinese readers,
I use google translator :
Why?
Really to buy a house, get yourself tired debt to such an extent that,
This is pathetic, sad or funny, or I do not know within their means.
---------------------------------------------------------------------------------
Happened to see this jumbo flat advert.
So big, can get lost in it. Not bad if one needs space with a limited budget.
The lady said 三代同堂- 3 generation under one roof.
http://www.iproperty.com.sg/propertylisting/1860795/Yishun-Jumbo_HDB_Flats-ForSale
They are not even offer me when I told them my budget.
fwah so guailan? Suddenly becomes Developer's market? Wad a stark 360 turnaround
Lately, a few agents I came across were quite snobbish.
buttercarp
05-05-12, 23:20
Lately, a few agents I came across were quite snobbish.
Few months ago when I visited the palette, no agent bothered about me after i signed in. I walked around entirely on my own until i was about to leave then someone came.
何苦呢？
真的为了买一间屋子，把自己弄到累债到这样的程度、
这是可怜，可悲还是可笑，或是不知量力.
Every one has their own reason(s) when doing something(s).
fwah so guailan? Suddenly becomes Developer's market? Wad a stark 360 turnaround
There is a guy named Patrick; he just brush off and snub me off by saying 1.3 mil cannot buy any decent 3 bedder.
There is a guy named Patrick; he just brush off and snub me off by saying 1.3 mil cannot buy any decent 3 bedder.
You are obviously not a serious buyer. You have been looking for a ppty from Mt Sinai to FV. The agent could tell that you were just trying your luck with such an offer price.
You are obviously not a serious buyer. You have been looking for a ppty from Mt Senai to FV. The agent could tell that you are just trying your luck with such an offer price.
You have obviously placing assumption; please read my past post(s) and I have had already offer my explanation on Mt Sinai and Siglap selection.
Are you Patrick?
new2mondrian
05-05-12, 23:48
There is a guy named Patrick; he just brush off and snub me off by saying 1.3 mil cannot buy any decent 3 bedder.
Actually I thought that it is quite fortuitous that you didn't buy Flamingo Valley today. $260k is not a lot of $$$ in today's context, and to borrow/loan part of this amt so that you will buy a property and commit yourself to another $1m odd of loan in that process may not be the wisest, considering the number of dependants you have at home. There are other costs to consider as well, the stamp duty and legal fees, insurance, and later on, the maintenance.
Sometimes it is priceless to be able to sleep well at night. :)
You have obviously placing assumption; please read my past post(s) and I have had already offer my explanation on Mt Sinai and Siglap selection.
Are you Patrick?
Yeah, I am Patrick and I say go buy HDB better.:)
There is a guy named Patrick; he just brush off and snub me off by saying 1.3 mil cannot buy any decent 3 bedder.
Give full name, post here and we all boycott him
Sleepyhead
06-05-12, 00:06
There is a guy named Patrick; he just brush off and snub me off by saying 1.3 mil cannot buy any decent 3 bedder.
Think the service by one agency is generally better than the other. From what I can see, Patrick is from the other.
Most agents are like lalang... wind blow one way they sway one way.... wind blow the other way they sway the other way.
Their manners are inversely proportional to the buoyancy of the property market.
This is an overpaid underqualified profession... anybody can be an agent. Its not brain surgery or quantum physics....They are getting way over themselves... not much better than those Ah Beng Ah Sengs that sell used cars.
Most agents are like lalang... wind blow one way they sway one way.... wind blow the other way they sway the other way.
Their manners are inversely proportional to the buoyancy of the property market.
This is an overpaid underqualified profession... anybody can be an agent. Its not brain surgery or quantum physics....They are getting way over themselves... not much better than those Ah Beng Ah Sengs that sell used cars.
Agreed. Hope they become fee-based sales like the financial advisors. Do those district directors collect a portion of commission from their underlings?
Give full name, post here and we all boycott him
found 1
http://www.propertyguru.com.sg/agent/patrick-chua-13572/patrick-chua
Give Patrick a chance lah, in fact give all agent a chance. Put yourself in the other side of the shoe. They are only paid when you buy, sell or rent, have you think what they eat if you don't buy, sell or rent. My friend told me I should be a property agent after much thinking I told them I prefer to be an investor and let all the agent do all the work for me and paid them when they work. Is like Singapore getting all the FT to work in Singapore, no work say bye bye to them.
I have prepared 260k (beg, loan and liquid all my savings etc) ready for 1.3 mil.
Impressed with your determination to own a piece of FH real estate in this city state. You seem to fear inflation will put you out of the league if you do not act now. Is buying into FV or any other new development under construction your best hedge against inflation? I believe you had think through and the reasons to buy into such developments. They are usually about 30% more than resale and cannot collect rent until years later. For big development like FV, you will also need to compete for tenant once TOP and thus price pressure.
Perhaps, you are not fate to buy into FV and perhaps, it is a blessing which you will come to appreciate at a later stage.
Missing a 50-50 opportunity is consider a blessing. Any investment in real estate now has 50% chance of being in the hole in the short to medium term (government intervention) and 50% chance of making modest gain in the medium to longer term. Of course in the very long term, it is likely to be in the money but taking this path needs a big heart and can be painful if you are borrowing so much in return for so little (sure returns could be more but can it be with the slower economic grow in this matured economy?).
I think there are better investment options and it is during this time of the property cycle that your decision now could prove to be the decisive factor in your pursue of a dream which may turn into nightmare at a later stage.
There is a guy named Patrick; he just brush off and snub me off by saying 1.3 mil cannot buy any decent 3 bedder.
It's true. Patrick is a forumer here. He knew you were testing your luck with him.
Fierce herd buying mentality.
Texas Poker style!
Fold or Raise?
All-in!
Let's see if the economy is bluffing! :p
Hi yowetan, you found a 1.3M 3 bedder at FV please tell me hor... in fact, tell everyone here. I am sure there will be a lot of interest.
Thanks.
Oh.... please...
What work?... don't need much brain power to process the paperwork for a sale lah...
The truth is, these agents at showflats are not empowered to give any discounts other than those pre-authorised by higher up. So what they can't give you... no point pressing.
Don't expect the agents to come out of their pocket to sweeten the deal... commissions for new launches are the lowest. (This is of course offset by the fact that new launches has higher volume sales and are generally easier to sell). Besides... what is a few thousand dollars discount for something over a million bucks.
Bro Yowetan.... you must remember you are the boss! You are the one coming out with the money. And you are preparing to spend over a 1 million bucks... the last time I checked that's a lot of money... no need to feel inadequate..
I recommend that you check out the resale scene instead... let the agents woo you not the other way round... use property guru for research but the real deals are in the classified ads of the Straits Times esp Saturday. It may be more tedious but I find it more rewarding.
wrt whether you are too highly geared if you commit, only you and your family will know. what the rest of the forummers said is true, you must be able to sleep well at night.
Give Patrick a chance lah, in fact give all agent a chance. Put yourself in the other side of the shoe. They are only paid when you buy, sell or rent, have you think what they eat if you don't buy, sell or rent. My friend told me I should be a property agent after much thinking I told them I prefer to be an investor and let all the agent do all the work for me and paid them when they work. Is like Singapore getting all the FT to work in Singapore, no work say bye bye to them.
Fierce herd buying mentality.
Texas Poker style!
Fold or Raise?
All-in!
Let's see if the economy is bluffing! :p
I think the economy is not bluffing. Asia is in "soft crisis" now of a different kind. Never before we experience near zero interest rate with high inflation. People are buying assets with cheap loans never before to hedge inflation. We are in a crisis but retail investors are not quite aware of that even though governments all over do.
Even without hard crisis like SARS or economic downturn like it was before, the moment when interest rate get back to normal (after 2014 likely), the long term cheap loans we now enjoy will vaporize. Your interest payment triple overnight and the hard crisis surface.
At this stage of the property cycle, one should be prudent in his/her investment decision and avoid putting all your chips at one go. Poker game is out for now.
Give full name, post here and we all boycott him
Let's not mess with people living. And you only have one side of the story.
How do you know he is not there as a boss with low budget.
Maybe what he have got is the post effect.
Oh.... please...
What work?... don't need much brain power to process the paperwork for a sale lah...
The truth is, these agents at showflats are not empowered to give any discounts other than those pre-authorised by higher up. So what they can't give you... no point pressing.
Don't expect the agents to come out of their pocket to sweeten the deal... commissions for new launches are the lowest. (This is of course offset by the fact that new launches has higher volume sales and are generally easier to sell). Besides... what is a few thousand dollars discount for something over a million bucks.
Bro Yowetan.... you must remember you are the boss! You are the one coming out with the money. And you are preparing to spend over a 1 million bucks... the last time I checked that's a lot of money... no need to feel inadequate..
I recommend that you check out the resale scene instead... let the agents woo you not the other way round... use property guru for research but the real deals are in the classified ads of the Straits Times esp Saturday. It may be more tedious but I find it more rewarding.
wrt whether you are too highly geared if you commit, only you and your family will know. what the rest of the forummers said is true, you must be able to sleep well at night.
I failed.
I went down and told them I wanted a 1152/1206sqft standard 3 bedder at 1.3mil (max); was greeted by sacarsm and failed to strike a deal.
I check URA caveats lodged:
Lowest priced for 1152sqft unit:
FLAMINGO VALLEY* SIGLAP ROAD Condominium 1 1,429,200 1,152 Strata 1,241 May-11
And lowest priced for 1206 sqft unit:
FLAMINGO VALLEY* SIGLAP ROAD Condominium 1 1,482,300 1,206 Strata 1,230 Apr-12
Seemed that your expectation of $1.3m to $1.4m for these 2 unit type would mean that developer would have to sell below their lowest transacted price thus far and given project was 1st launched in mid 2010, almost 2 years have past and FCL have resisted in lowering their price...perhaps your expectation is really asking a lot from Developer...
:beats-me-man:
I think the economy is not bluffing. Asia is in "soft crisis" now of a different kind. Never before we experience near zero interest rate with high inflation. People are buying assets with cheap loans never before to hedge inflation. We are in a crisis but retail investors are not quite aware of that even though governments all over do.
Even without hard crisis like SARS or economic downturn like it was before, the moment when interest rate get back to normal (after 2014 likely), the long term cheap loans we now enjoy will vaporize. Your interest payment triple overnight and the hard crisis surface.
At this stage of the property cycle, one should be prudent in his/her investment decision and avoid putting all your chips at one go. Poker game is out for now.
Zero Nominal Interest Rates
A zero nominal interest rate occurs when the interest rate is the same as the inflation rate. If inflation is 4% then interest rates are 4%. If you lent or borrowed for a year at a zero real interest rate, you would be exactly back where you started at the end of the year. I loan $100 to someone, I get back $104, but now what cost $100 before costs $104 now, so I'm no better off.
http://economics.about.com/cs/interestrates/a/zero_interest.htm
Recent Mortgage Quotes
$800,000 at $2,580/mo.
1.01984% rate (1st Year)
30 Years Floating Rates
Submitted: May 6, 2012
$800,000 at $2,580/mo.
1.01984% rate (1st Year)
30 Years Floating Rates
Submitted: May 6, 2012
$320,000 at $1,039/mo.
1.06984% rate (1st Year)
30 Years Floating Rates
Submitted: May 6, 2012
$608,000 at $1,961/mo.
1.01984% rate (1st Year)
30 Years Floating Rates
Submitted: May 6, 2012
$416,000 at $1,511/mo.
1.23906% rate (1st Year)
27 Years Floating Rates
Submitted: May 6, 2012
$456,000 at $1,541/mo.
1.35% rate (1st Year)
30 Years Fixed Rate
Submitted: May 6, 2012
http://3.bp.blogspot.com/-lXMHbnMgVGE/T6ZA2r9_nII/AAAAAAAAHYg/91wrO3vXPGs/s1600/cpi.JPG
Question : Will you give me a loan of $800,000, knowing inflation is 5% and charge me an interest of 1.01984%.
Any Banker can enlighten me how bank make money.
Question : Will you give me a loan of $800,000, knowing inflation is 5% and charge me an interest of 1.01984%.
If what u say is true, look like if u have
1. Cash lying around, u need to park in avenues that generate min. >5%
2. If u are thinking to borrow $ to invest like properties, getting 2-3% nett rental yield ( after factoring 1% + for interest ) is not good enough as inflation is 5%, unless there is capital appreciation, which may be slim in the short term..
?
Cash – Fiat currencies are designed to depreciate in value over time. In fact, $100 in 1800 is worth only $8 today, representing a loss of 92% of value. Burying cash in coffee cans in your yard is a terrible long-term investing plan. If it manages to survive the elements, it will still be worthless given enough time.
http://beginnersinvest.about.com/od/beginnerscorner/a/What-Is-Considered-A-Good-Rate-Of-Return-On-Your-Investments.htm
Cash – Fiat currencies are designed to depreciate in value over time. In fact, $100 in 1800 is worth only $8 today, representing a loss of 92% of value. Burying cash in coffee cans in your yard is a terrible long-term investing plan. If it manages to survive the elements, it will still be worthless given enough time.
http://beginnersinvest.about.com/od/beginnerscorner/a/What-Is-Considered-A-Good-Rate-Of-Return-On-Your-Investments.htm
Interesting read.
Extract from the link, many now are leveraging in current low interest rate environment...:
"Real Estate – Without using any debt, real estate return demands from investors mirror those of business ownership and stocks. The real rate of return for good, non-leveraged properties is roughly 7% after inflation. Since we have gone through decades of 3% inflation, over the past 20 years, that figure has stabilized at 10%. Riskier projects require higher rates of return. Plus, real estate investors are known for using mortgages, which are a form of leverage, to increase the return on their investment."
CPI let say 5 %
If I have $200,000 in the bank. Lose 4.75% a year.
S$200,000 and above = 0.25% p.a. (Standard Chartered Bank e$aver)
http://www.sgwayoflife.com/forum/viewtopic.php?t=1574
If I paid for $1,000,000 PC down 20%, leverage 4x.
1.09% @ $2606.32 per month. Rent for $ 4,000 yield 4.8%.
4.8-1.09 = 3.7% return.
S$200,000 ROI (4,000-2606.32=1393.68x12=16,724.16)=8.36%
CPI let say 5 %
If I have $200,000 in the bank. Lose 4.75% a year.
S$200,000 and above = 0.25% p.a. (Standard Chartered Bank e$aver)
http://www.sgwayoflife.com/forum/viewtopic.php?t=1574
If I paid for $1,000,000 PC down 20%, leverage 4x.
1.09% @ $2606.32 per month. Rent for $ 4,000 yield 4.8%.
4.8-1.09 = 3.7% return.
S$200,000 ROI (4,000-2606.32=1393.68x12=16,724.16)=8.36%
Thx for illustrating. As long as have $ to hold real estate during any crisis, in the way run good hedge against inflation . If can get good location and ensure it is easy to rent out, even better...
CPI let say 5 %
If I have $200,000 in the bank. Lose 4.75% a year.
S$200,000 and above = 0.25% p.a. (Standard Chartered Bank e$aver)
http://www.sgwayoflife.com/forum/viewtopic.php?t=1574
If I paid for $1,000,000 PC down 20%, leverage 4x.
1.09% @ $2606.32 per month. Rent for $ 4,000 yield 4.8%.
4.8-1.09 = 3.7% return.
S$200,000 ROI (4,000-2606.32=1393.68x12=16,724.16)=8.36%
bank don't lose $ for lending u money bro :doh:
Remember the loan tenure is long. the bank has got many different sort of products not just mortgage as a source of "income".
How can u compare inflation VS the interest rate they are charging u at?
Look at how many "blind" aunties and uncles out there parking their money in Fixed Deposit. Best still, many ah pek ah ma have tens or hundreds of thousands dollars parked in regular savings account. How much does this brings u p.a.?
If ur the bank, u take these silly uncles and aunties money and loan it back for mortgage u still make a spread. When inflation comes and interest rates rises, they can always do a margin call. How will they be making losses? Banks are not charity organisations bro.
bank don't lose $ for lending u money bro :doh:
Remember the loan tenure is long. the bank has got many different sort of products not just mortgage as a source of "income".
How can u compare inflation VS the interest rate they are charging u at?
Look at how many "blind" aunties and uncles out there parking their money in Fixed Deposit. Best still, many ah pek ah ma have tens or hundreds of thousands dollars parked in regular savings account. How much does this brings u p.a.?
If ur the bank, u take these silly uncles and aunties money and loan it back for mortgage u still make a spread. When inflation comes and interest rates rises, they can always do a margin call. How will they be making losses? Banks are not charity organisations bro.
I know, I have a number of Colleague who do what uncles and aunties do to their money after going through the programming to be world class worker.
I am not giving up Flamingo Valley as long 1.3 mil is offered to me.
I know, I have a number of Colleague who do what uncles and aunties do to their money after going through the programming to be world class worker.
:D bro everywhere i turn, someone has huge amount of $ banked in normal savings account doing nothing but rotting. I try to keep my $ active. They need to work hard for more $$ just like how i'm working for my salary too! Keeping them in savings/fixed d are for lazy ppl who cant be bothered to help themselves.
buttercarp
06-05-12, 18:41
bank don't lose $ for lending u money bro :doh:
Remember the loan tenure is long. the bank has got many different sort of products not just mortgage as a source of "income".
How can u compare inflation VS the interest rate they are charging u at?
Look at how many "blind" aunties and uncles out there parking their money in Fixed Deposit. Best still, many ah pek ah ma have tens or hundreds of thousands dollars parked in regular savings account. How much does this brings u p.a.?
If ur the bank, u take these silly uncles and aunties money and loan it back for mortgage u still make a spread. When inflation comes and interest rates rises, they can always do a margin call. How will they be making losses? Banks are not charity organisations bro.
Keeping savings in savings account or fixed deposit is not blind.
It is the safest way to keep your savings, but understanding that it may be eroding due to inflation.
However if you think of it in a different light- you are paying insurance to keep your savings safe, then you will not think it is blind.
I believe that we should have some savings in the bank.
We should not dump everything we have into investments, no matter how low risk it is- look at the lehman bro episode.
I have colleagues who have lost quite a sum as they invested in these so called low risk instruments.
I am not giving up Flamingo Valley as long 1.3 mil is offered to me.
$1.3m for your choice 1152sqft unit type= $1,128 psf for FH New condo unit; hard to find now given the mini bull we are experiencing for new launches. Have to wait for Mr B to shout louder and hope for correction..., best of luck in your search.
$1.3m for your choice 1152sqft unit type= $1,128 psf for FH New condo unit; hard to find now given the mini bull we are experiencing for new launches. Have to wait for Mr B to shout louder and hope for correction..., best of luck in your search.
Thanks for the well-wishes.
All agent(s) out there can PM me if you have 1.3 mil budget 3 bedder for me.
I want the stamp duty rebate as well!
Keeping savings in savings account or fixed deposit is not blind.
It is the safest way to keep your savings, but understanding that it may be eroding due to inflation.
However if you think of it in a different light- you are paying insurance to keep your savings safe, then you will not think it is blind.
I believe that we should have some savings in the bank.
We should not dump everything we have into investments, no matter how low risk it is- look at the lehman bro episode.
I have colleagues who have lost quite a sum as they invested in these so called low risk instruments.
Agreed sis, actually age plays apart for different profiles as well. Also most importantly, family. I can afford to be more aggressive since I'm single. I'm not advising people not to park their $ in banks but rather not to park ALL/MOST of their money in normal deposits. If personal risk level is low, there're always other types of products to suit one's need. even AUD TD brings in more return.
Definitely agreed with the fact that Fixed D is like an insurance. Even safer than putting money at home! :D But the price u pay against inflation may be quite high! Park into CPF lor. Govt will be happy too! :cheers5: :cheers5:
Keeping savings in savings account or fixed deposit is not blind.
It is the safest way to keep your savings, but understanding that it may be eroding due to inflation.
However if you think of it in a different light- you are paying insurance to keep your savings safe, then you will not think it is blind.
I believe that we should have some savings in the bank.
We should not dump everything we have into investments, no matter how low risk it is- look at the lehman bro episode.
I have colleagues who have lost quite a sum as they invested in these so called low risk instruments.
oh missed out your last point.
Statistically speaking and proven by experts/economists, Taking the risk of losing the $ is better than losing it to inflation in savings account. How often do u see lehman episode? If my very short life of 24 years i've only heard about this major bank collapsing. Again, every individual has different risk appetite. Ultimately, no one is asking one to place all his cards on 1 instrument. If ur colleagues spread their investments properly, they would have made more than they have lost in their entire lifetime. This is hard to illustrate though.
Simply, put it this way, in a normal human lifetime, u'll probably go through quite a number of economy ups and downs. If throughout these times all u do is putting ur money in fixed D, VS a person who invest and though may have lost quite a bit in 1 lehman crash, when the market picks up again this investor will still be doing far better than the fixed d guy.
bakasa2002
06-05-12, 22:00
funnily i have NOT seen archi though my wife keeps pushing me to visit the showflat...the plus factor is the upcoming MRT...how much would a decent 1200 sq ft unit cost there..:confused:
It's 1100psf avg and the layout is similar to the bigger 3bdr at FV, u get a horizontal rather than the vertical layout of 12xxsqf units at FV. Material use is about similar in quality. If u like FV, u might like Archi too... Check it out when u have time...:)
It's 1100psf avg and the layout is similar to the bigger 3bdr at FV, u get a horizontal rather than the vertical layout of 12xxsqf units at FV. Material use is about similar in quality. If u like FV, u might like Archi too... Check it out when u have time...:)
tks looking at 1 more NEW condo wont hurt i guess....:D
bakasa2002
06-05-12, 22:25
tks looking at 1 more NEW condo wont hurt i guess....:D
The 3bdr is at 1184sqf but beauty of it is there is no bay window and layout if effectively planned, worth a visit. If u need a agent, can drop me a note. The guy who serve me is really down to earth, no hard sell... :)
Hi yowetan, you found a 1.3M 3 bedder at FV please tell me hor... in fact, tell everyone here. I am sure there will be a lot of interest.
Thanks.
yes, I am willing to give 1% commission as well
bakasa2002
06-05-12, 22:31
Thanks for the well-wishes.
All agent(s) out there can PM me if you have 1.3 mil budget 3 bedder for me.
I want the stamp duty rebate as well!
Bro, I checked twice at the new showflat, for slightly <1.3mil is only for the 990sqf units next to cemetery. Those 3bdr along Siglap rd are the next cheapest one at above 1.4mil but other than slightly smaller at 1152sqf and no balcony, it has the afternoon sun, so I'm back looking at 61&67 stacks which cost >1.51mil after rebate. :(
regency321
07-05-12, 00:37
I am not giving up Flamingo Valley as long 1.3 mil is offered to me.
It may turn out to be a blessing in disguise. don't be too hasty to commit, prices are at its peak, sellers should be more desperate than buyers. so hold your horses and wait a little.
I am not giving up Flamingo Valley as long 1.3 mil is offered to me.
I am very certain if that happens, you will not buy. Cos you will be thinking there should be other new same sized FH condos in better locations at $1M or less.
I am not giving up Flamingo Valley as long 1.3 mil is offered to me.
I am very certain if that happens, you will not buy. Cos you will be thinking there should be other new same sized FH condos in better locations at $1M or less.
If he is so certain of buying now with a budget of $1.3m, he will not want to miss the boat now and wait for the forbidden fruit from FV. He will also look elsewhere.
Agree that our friend here is having trouble with himself. He is his own worst enemy.
If he is so certain of buying now with a budget of $1.3m, he will not want to miss the boat now and wait for the forbidden fruit from FV. He will also look elsewhere.
Agree that our friend here is having trouble with himself. He is his own worst enemy.Not just 1.3m but
Thanks for the well-wishes.
All agent(s) out there can PM me if you have 1.3 mil budget 3 bedder for me.
I want the stamp duty rebate as well!
Agree that our friend here is having trouble with himself. He is his own worst enemy.
I think all of u have the correct reading of him.
buttercarp
07-05-12, 11:11
oh ya that yong tau foo supposed to be quite happening...now they open in the evening and strangely they serve rice with the ytf:confused:....
hope yowetan is reading this thread after his failed bid at Flamingo Valley at least he can walk down and have good food...:D:D:D
This is from another thread.
I don't think yowetan is interested in food.
I think he is only thinking about property now.
Take it easy, bro yowetan.
Actually my image of him is an anxious looking person with a perpetual frown on his forehead. :p
Sorry if I am wrong.
I am not giving up Flamingo Valley as long 1.3 mil is offered to me.
if truly your interest is borderlining that of desperation, why don't you up your offer?
Sleepyhead
07-05-12, 11:22
Indeed Yowetan should up your offer. You will still be getting something that is priced decently psf. Not overpriced like some recent launches we are seeing. You did say your budget is $1.3m - $1.5m right?
Indeed Yowetan should up your offer. You will still be getting something that is priced decently psf. Not overpriced like some recent launches we are seeing. You did say your budget is $1.3m - $1.5m right?
Better not to ask him to up the offer, else sleepless nites for him and more advices he needs from the forumers here.
Indeed Yowetan should up your offer. You will still be getting something that is priced decently psf. Not overpriced like some recent launches we are seeing. You did say your budget is $1.3m - $1.5m right?
Given his state of mind now, I think it is better for him to heal the advices of many here to give up on FV or even other development for now. You need a cool head to make investment decision and his current state of mind does not appear suitable in making million dollar decision.
With the west keeps printing paper money and filtering into Asia, people here are naturally motivated by the cheap source of funds and keep chasing inflated assets to fight inflation. It is really not a good sign at all but many retail investors are not seeing the massive problem ahead of them..
European countries as reported today, were changing governments with every election and the problem there appears to be just the beginning just as we thought they would work it out.
Take a break now and perhaps wisdom will prevail.
Sleepyhead
07-05-12, 13:34
But Yowetan is buying for own stay right? not so much as an investment.
Paying rent for too long is also not advisable.
This is from another thread.
I don't think yowetan is interested in food.
I think he is only thinking about property now.
Take it easy, bro yowetan.
Actually my image of him is an anxious looking person with a perpetual frown on his forehead. :p
Sorry if I am wrong.
Rich man poor man beggar man thief.....we all need to EAT....
:D
But Yowetan is buying for own stay right? not so much as an investment.
Paying rent for too long is also not advisable.
if it is so, then i would pay a little more for my desired unit. no point waiting and see another buyer snatch it right under your nose for an additional tens of thousands of dollars
But Yowetan is buying for own stay right? not so much as an investment.
Paying rent for too long is also not advisable.
I know how yowetan feels we are in a similar kind of situation....but
I have past the stage of frustration at missing all the boats and now
I tell myself RELAX the day will come if not this year maybe next or even
The year after when i find something suitable for me and my family...
I think i am a good 10 to 15 years older than mr yowetan....maybe that's
Why my motivation and desire to pursue the dream of property ownership
Is not so strong....or maybe cos i seen a lot more up and downs in my life..
Whatever it is BOTTOMLINE.....if you look at your right hand NOT
All 5 fingers are the same and i guess same goes for every human :D
Being in this world.....so wishing all bros/sis the BEST in the aspirations
And endevours.....
But Yowetan is buying for own stay right? not so much as an investment.
Paying rent for too long is also not advisable.
Buying FV for own stay and continue to pay rent till FV TOP? It does not make sense either.
If paying rent was his concern, he would have bought ready to move in development.
bakasa2002
07-05-12, 16:04
FV will only be TOP next year end .... So means another 18mths of rent at least ...
regency321
07-05-12, 16:12
I understand he is staying in his own HDB, so paying rent is not the issue. Honestly I am not exactly sure why he is so anxious to commit to buying during property peak. I'm sure he has his own reasons.
I understand he is staying in his own HDB, so paying rent is not the issue. Honestly I am not exactly sure why he is so anxious to commit to buying during property peak. I'm sure he has his own reasons.
if i may guess, sell HDB at its current peak and buy into PC since there is an assumption that prices are softening.
bakasa2002
07-05-12, 16:20
I understand he is staying in his own HDB, so paying rent is not the issue. Honestly I am not exactly sure why he is so anxious to commit to buying during property peak. I'm sure he has his own reasons.
So sure that it is already peak? :)
So sure that it is already peak? :)
lol peak as of now?
So sure that it is already peak? :)
eh, $1.1m valuation for a HDB (as stated in another forum thread) leh.......isn't this a peak?! :eek:
regency321
07-05-12, 16:23
So sure that it is already peak? :)
No lah...if I so sure I wun be posting in this forum liao la. I small fry nia, give chance can.. haaha :D
regency321
07-05-12, 16:25
but seriously, if current prices are still not peak, and continue to rise further, MIW sure kena booted out next election. I certainly don't want my kids to be buying 1.5mil HDB in future.
Also, with the threat of new CM, prices surely cannot rise further.
Again this is purely my own opinion, small pnee sai like me can be wrong.
but seriously, if current prices are still not peak, and continue to rise further, MIW sure kena booted out next election. I certainly don't want my kids to be buying 1.5mil HDB in future.
They need to know the silent majority are property owners.
MIW will be out if the property market crash.
but seriously, if current prices are still not peak, and continue to rise further, MIW sure kena booted out next election. I certainly don't want my kids to be buying 1.5mil HDB in future.
Also, with the threat of new CM, prices surely cannot rise further.
Again this is purely my own opinion, small pnee sai like me can be wrong.
look at it this way. MIW is increase base salary.. so ur kids can afford the $1.5M HDB. This round can't be helped. easy $ is not something MIW can control.
and ur 1.5M is resale. ur kids don't have to buy resale what?
Certainty in life, Life, Death, Taxes and Inflation.
They need to know the silent majority are property owners.
MIW will be out if the property market crash.
Yes correct. I think the inflation problem is still a better problem to have than a deflation. At least from the government perspective the TAX collection can be use to help those in the lower income. In a deflation scenario all die.
I am more pro inflation.
They need to know the silent majority are property owners.
MIW will be out if the property market crash.
While majority are property owners, they are owner occupied thus property market crash do not affect them. It will effect only minority of people who buy high and find themselves with negative asset value. These are the people to be affected but majority will be happy because there is opportunity for their children and themselves to buy at affordable prices with price correction.
regency321
07-05-12, 17:29
look at it this way. MIW is increase base salary.. so ur kids can afford the $1.5M HDB. This round can't be helped. easy $ is not something MIW can control.
and ur 1.5M is resale. ur kids don't have to buy resale what?
Certainty in life, Life, Death, Taxes and Inflation.
true. but depending on location, some new HDB flats already costing 500k now (e.g. dover) - some of my friends who bought and tied with huge monthly instalments for life. MIW can control how much money they want to put into their coffers leh. They keep passing the costs to lowly paid citizens when we have hundreds of billions in reserves? if prices keep rising, hard to say whether new flats will cost 1.5mil in future or not, sekali resale 2 mil already.
While majority are property owners, they are owner occupied thus property market crash do not affect them. It will effect only minority of people who buy high and find themselves with negative asset value. These are the people to be affected but majority will be happy because there is opportunity for their children and themselves to buy at affordable prices with price correction.
Not true.. the older folks reaching retirement. Would want to sell and perhaps move in with children.
or existing own stay passing on the property to the children where the children can sell to in turn pay off their own place.
A Crash is good for people who own nothing and want to buy. No 1 would want to have a crash.
A Stable market and stable HDB price is of more benefit to the nation.
true. but depending on location, some new HDB flats already costing 500k now (e.g. dover) - some of my friends who bought and tied with huge monthly instalments for life. MIW can control how much money they want to put into their coffers leh. They keep passing the costs to lowly paid citizens when we have hundreds of billions in reserves? if prices keep rising, hard to say whether new flats will cost 1.5mil in future or not, sekali resale 2 mil already.
Then allow in cheap labour we all hated do much. Its a chicken n egg issue. we can't have the whole cake and not want to pay for it. Everything have a cost pro n cons. ideally a balanced is important. Skewed too much either way will be a bad idea.
true. but depending on location, some new HDB flats already costing 500k now (e.g. dover) - some of my friends who bought and tied with huge monthly instalments for life. MIW can control how much money they want to put into their coffers leh. They keep passing the costs to lowly paid citizens when we have hundreds of billions in reserves? if prices keep rising, hard to say whether new flats will cost 1.5mil in future or not, sekali resale 2 mil already.
Also depends on what HDB of choice. Don't have to go cheong the DBSS. I find it ridicules people take DBSS as a benchmark for HDB pricing. If too much don't get DBSS.. go for the standard build. over leverage for wat? it take $ to make $. save up be prudent.
felicia_sg
07-05-12, 18:52
Don't agree many will be happy if property prices crash. (may be HDB prices not so much effect since new ones bought so cheap). How many youngsters are going to buy vs those already owned? Even for own stay, see property price go up as happy & old can downgrade to retire. Also many singaporeans now either single even >35 yo & many DINK & don't want kids, who care about kids? So Don't think many owners will be happy paying instalment when property price less than loan amount? If persist for long, Might as well default & run road disappear overseas better (I definitely will!). Won't be surprise all foreigners, PRs, new converted citizens & even most globally mobile citizens will do that. That will be end of Singapore!
While majority are property owners, they are owner occupied thus property market crash do not affect them. It will effect only minority of people who buy high and find themselves with negative asset value. These are the people to be affected but majority will be happy because there is opportunity for their children and themselves to buy at affordable prices with price correction.
true. but depending on location, some new HDB flats already costing 500k now (e.g. dover) - some of my friends who bought and tied with huge monthly instalments for life. MIW can control how much money they want to put into their coffers leh. They keep passing the costs to lowly paid citizens when we have hundreds of billions in reserves? if prices keep rising, hard to say whether new flats will cost 1.5mil in future or not, sekali resale 2 mil already.
What does reserve have tp do with flat coating 1.5m? Actually we should be happy we have reserve. Look at Iceland? Greece?
If income rises in line with inflation the 1.5m have no meaning. Tell that to our parents who paid 20k for a hdb then? 20k then was a lot! No one can phantom 250k hdb. Landed cost $100k.Hdb
But pay then is in 100s
I feel inflation is a fact everywhere not just Singapore. At least we are given a choice in earlier stages to own a piece of asset. Just have to be prudent. Like today those 1m hdb are resale far n few between.
don't have to buy those resale anyway. I think things will settle down once the cheap credit ends. Which might take a few years.
I know how yowetan feels we are in a similar kind of situation....but
I have past the stage of frustration at missing all the boats and now
I tell myself RELAX the day will come if not this year maybe next or even
The year after when i find something suitable for me and my family.
I missed a lot of boats when I tried to offer below the asking price (from resale market).... until i got fed up.... (part of the frustration buying resale, could be 1 reason people go for new launches)
But when it came to something i really liked and the bank supported the valuation? I offered the asking price and sealed the deal and never looked back.:)
I am more pro inflation.
I am more than pro-inflation.... I luv inflation....
More rent to collect.
Less loan to repay.:D
Don't agree many will be happy if property prices crash. (may be HDB prices not so much effect since new ones bought so cheap). How many youngsters are going to buy vs those already owned? Even for own stay, see property price go up as happy & old can downgrade to retire. Also many singaporeans now either single even >35 yo & many DINK & don't want kids, who care about kids? So Don't think many owners will be happy paying instalment when property price less than loan amount? If persist for long, Might as well default & run road disappear overseas better (I definitely will!). Won't be surprise all foreigners, PRs, new converted citizens & even most globally mobile citizens will do that. That will be end of Singapore!
As reported recently by one of the local professor, asset enhancement cannot go on infinitely if it is not match by income. The first generation can cash out but what about the next? High prices cause stress in the economy and social divide. As long as people are not loosing their jobs, price correction is a good thing to bring thing to an equivalent. It is high prices that cause "the end" of Singapore. It is not about people feeling no good with negative assets. It is about maintaining a sustainable property market.
I am afraid the economics you are embarking cannot hold. This government is aware of it; Hong Kong and China are trying to contain prices as well. No country in the world wants an inflated real estate that is not match by income and economic growth.
felicia_sg
07-05-12, 22:08
Which "asset enhancement" are you referring to? HDB or private properties?
Yes, I agree HDB flats should be kept stable and cheap, may be increases only with income growth. Anybody who is poor can continue to buy and live in HDB flats. but really, $350k for a 5rm HDB flat is cheap right? Don't understand what people are complaining about when the median household income is >$5k pm and cannot afford $350k property? Resale flats prices are so expensive because people are hogging these flats for rental. Ban rental will immediately solve the problem I suppose if govt really consider high resale HDB flats' prices to be a problem? Why flood the market with BTOs that will cause oversupply a few years down the road?
For private, I suppose leave to market forces? If private made artifically so cheap and anybody can buy, where got so many private properties to provide for the masses? Isn't it a good incentives for the youngs to work hard so that they have something to show off that they have arrived/achieved something and in turn spurred others to work hard? How to made private artificially cheap when quality contruction costs is $500 psf? Raid the reserves by selling the land cheap so that these lazy bums can buy? :beats-me-man:
As reported recently by one of the local professor, asset enhancement cannot go on infinitely if it is not match by income. The first generation can cash out but what about the next? High prices cause stress in the economy and social divide. As long as people are not loosing their jobs, price correction is a good thing to bring thing to an equivalent. It is high prices that cause "the end" of Singapore. It is not about people feeling no good with negative assets. It is about maintaining a sustainable property market.
I am afraid the economics you are embarking cannot hold. This government is aware of it; Hong Kong and China are trying to contain prices as well. No country in the world wants an inflated real estate that is not match by income and economic growth.
What does reserve have tp do with flat coating 1.5m? Actually we should be happy we have reserve. Look at Iceland? Greece?
Being picky here but Iceland is a bad example actually. The country doesn't lack electricity and water (both can be considered free). They grow and rear enough crops and farm animals for their own needs and to export. They can have zero reserve for all they care since every citizen there is sheltered, kept warm and have food on the table.
As reported recently by one of the local professor, asset enhancement cannot go on infinitely if it is not match by income. The first generation can cash out but what about the next? High prices cause stress in the economy and social divide. As long as people are not loosing their jobs, price correction is a good thing to bring thing to an equivalent. It is high prices that cause "the end" of Singapore. It is not about people feeling no good with negative assets. It is about maintaining a sustainable property market.
I am afraid the economics you are embarking cannot hold. This government is aware of it; Hong Kong and China are trying to contain prices as well. No country in the world wants an inflated real estate that is not match by income and economic growth.
Yes but the idea is to hold the current prices to allow time for wages to catch up. Not for a crash in prices.
Being picky here but Iceland is a bad example actually. The country doesn't lack electricity and water (both can be considered free). They grow and rear enough crops and farm animals for their own needs and to export. They can have zero reserve for all they care since every citizen there is sheltered, kept warm and have food on the table.
Greece? Irleand? Portugal? Spain?
Some countries nearer with high inflation also and low reserve. Vietnam? Cambodia?
Malaysia property price are also up a lot. A noodle is$6-7 Ringgit given the same dollar value income typically. Their also have high level of inflations.
Which "asset enhancement" are you referring to? HDB or private properties?
Yes, I agree HDB flats should be kept stable and cheap, may be increases only with income growth. Anybody who is poor can continue to buy and live in HDB flats. but really, $350k for a 5rm HDB flat is cheap right? Don't understand what people are complaining about when the median household income is >$5k pm and cannot afford $350k property? Resale flats prices are so expensive because people are hogging these flats for rental. Ban rental will immediately solve the problem I suppose if govt really consider high resale HDB flats' prices to be a problem? Why flood the market with BTOs that will cause oversupply a few years down the road?
For private, I suppose leave to market forces? If private made artifically so cheap and anybody can buy, where got so many private properties to provide for the masses? Isn't it a good incentives for the youngs to work hard so that they have something to show off that they have arrived/achieved something and in turn spurred others to work hard? How to made private artificially cheap when quality contruction costs is $500 psf? Raid the reserves by selling the land cheap so that these lazy bums can buy? :beats-me-man:
The HDB and PC market had been dealt before in this forum. There is no such a thing as two separate markets in one economy. If you understand economics, you will appreciate The Invisible Hands concept. I will not start the same discussion in this thread.
All the so-called economics concept are just that - "concept", and created by people.
All the so-called economists cannot predict the economic growth and situation right based on their "solid" economic theory.
If everybody subscripts to economic theory and don't question them, Goh KS will not have implemented the system of using exchange rate to control inflation in Singapore.
Conclusion: Better put a microscope to these economic theory. Most of these theory will not work in Singapore since Singapore's situation are different. All these theory doesn't explain why there cannot be 2 separate markets, since NEW HDB flats' prices are not free market anyway. So, there is not even a "market" to talk of for NEW HDB flats as the price is controlled by 1 and only party. :beats-me-man:
The HDB and PC market had been dealt before in this forum. There is no such a thing as two separate markets in one economy. If you understand economics, you will appreciate The Invisible Hands concept. I will not start the same discussion in this thread.
All the so-called economics concept are just that - "concept", and created by people.
All the so-called economists cannot predict the economic growth and situation right based on their "solid" economic theory.
If everybody subscripts to economic theory and don't question them, Goh KS will not have implemented the system of using exchange rate to control inflation in Singapore.
Conclusion: Better put a microscope to these economic theory. Most of these theory will not work in Singapore since Singapore's situation are different. All these theory doesn't explain why there cannot be 2 separate markets, since NEW HDB flats' prices are not free market anyway. So, there is not even a "market" to talk of for NEW HDB flats as the price is controlled by 1 and only party. :beats-me-man:
why u so free to log in and out of different accounts to post :scared-5: :scared-5:
All the so-called economics concept are just that - "concept", and created by people.
All the so-called economists cannot predict the economic growth and situation right based on their "solid" economic theory.
If everybody subscripts to economic theory and don't question them, Goh KS will not have implemented the system of using exchange rate to control inflation in Singapore.
Conclusion: Better put a microscope to these economic theory. Most of these theory will not work in Singapore since Singapore's situation are different. All these theory doesn't explain why there cannot be 2 separate markets, since NEW HDB flats' prices are not free market anyway. So, there is not even a "market" to talk of for NEW HDB flats as the price is controlled by 1 and only party. :beats-me-man:
Macroeconomics is different from microeconomics and both are different from growth economics and social and political economics. That is why many people including yourself have so many questions because the field is wide, complex and difficult to understand. However, a good understanding of basic economics will provide an appreciation of the macro picture of the situation we are in now. Without an understanding of basic economics, one can only ask this much and question this much at this level.
Fundamental question: Demand vs Supply.
why u so free to log in and out of different accounts to post :scared-5: :scared-5:
He has 1 iphone 1 ipad and 1 android tablet....
Yes but the idea is to hold the current prices to allow time for wages to catch up. Not for a crash in prices.
The government has already acknowledged that property price is high because of the temporary imbalance in supply and demand. LKY also acknowledged that it was the high property prices that causes the votes in the last GE. Finance Minister also acknowledged that property prices need to be in line with income and economic growth which were not at the moment. He asked Singaporeans to wait a bit more.
The market is likely to crash only via external factors such which are unlikely within this government's control. Factors include sudden interest rate hike, Europe debt crisis worsen, China's hard landing etc etc etc
Wage growth can be implemented but slower economic growth is here to stay for a matured economy. Gradual correction of property prices is the right approach. The government has made it very clear that they have no intention to crash the market.
Fundamental question: Demand vs Supply.
YES! That's microeconomics at works.
You thought everyone like you can do face-off so fast. :rolleyes: Aaron Wan
why u so free to log in and out of different accounts to post :scared-5: :scared-5:
Very often, reasons for run-out of property price is more than the so-called fundamental (Demand vs Supply). There are sentiments, external factors, internal factors..etc...If not, all economists must be billion..Trillionairesses and will not come here TCSS :D
Fundamental question: Demand vs Supply.
You thought everyone like you can do face-off so fast. :rolleyes: Aaron Wan
:beats-me-man: :beats-me-man:
Very often, reasons for run-out of property price is more than the so-called fundamental (Demand vs Supply). There are sentiments, external factors, internal factors..etc...If not, all economists must be billion..Trillionairesses and will not come here TCSS :D
Good try! You are touching a bit of macroeconomics without realizing it.
:beats-me-man: :beats-me-man:
Oh Aaron Wan the local bian lian master
Oh Aaron Wan the local bian lian master
oh? haha thanks bro! :D :im-so-happy:
May be can provide some free show to all forumers here? ;)
oh? haha thanks bro! :D :im-so-happy:
This discussion about economics (we all know conventional economics does not work for SG) is getting boring. Where is yowetan? Got your 1.3m property or have you shifted target?
This discussion about economics (we all know conventional economics does not work for SG) is getting boring. Where is yowetan? Got your 1.3m property or have you shifted target?
he talk about FV you all talk economics he no show..:D
he talk about FV you all talk economics he no show..:D
I am looking around with my budget. Having said that, I am still hopeful for my Flamingo Valley.
I am looking around with my budget. Having said that, I am still hopeful for my Flamingo Valley.
what makes you think that the developer is likely to accept your previous offer of $1.3m three months down the road?
So any updates on the units available (3 bed-rooms)?
bakasa2002
09-05-12, 10:16
yeap, it's highly unlikely for 1.3mil except those facing cemetery. Think of it this way, this proj selling since 2010. If they had wanted to lower prices, they would have done so long ago. My gut feel is that they gonna remove discount or SD rebates real soon, spur on by the good sales since the opening of the new showflat.
If you take into consideration that they shd already have sold more than 60% and this proj is FH and most value for money in D15, I am very sure FCL is very unlikely to go down to 1.3mil for a 3bedroom for you to anger the rest of the buyers who have bought earlier. :)
At 1.3mil for a smallest(beside the 990sqf ones) for the 1152sqf unit on stack 02&09, it will be at $1128psf. Is that really possible?
Sadly to say, stack 02 is beside the sub station and rubbish centre and 09 is near the entrance... Sigh...
bakasa2002
09-05-12, 11:07
Sadly to say, stack 02 is beside the sub station and rubbish centre and 09 is near the entrance... Sigh...
Yeap, that's why they are 1.4+mil, don't have balcony and cheaper than the 61&67 which are 1.5+. For me, I wld prefer 09 over 02 cos at least not near rubbish dump, but the main reason I don't like these units is due to the afternoon sun. It can get v hot, just try visiting the showflat and stand near there at 3pm for a idea. :)
If stock market continue to correct, buying sentiment may change in 1-2 months.
Hi Douk,
How will market sentiment change? People not buying and start selling?
bakasa2002
09-05-12, 13:24
If stock market continue to correct, buying sentiment may change in 1-2 months.
Price heading towards stabalising but falling still unlikely if we look back to the lowest point of STI at 2600+ when Eurozone crisis is brewing. If the eurozone prob cannot be contain, then maybe will have spillover effect.
If l get stamp rebate from the developer but the amount was not offset from my purchase price, do l still need to declare it to the bank for housing loan? What is the penalty for not doing so? Anyone care to advise me on this?
If l get stamp rebate from the developer but the amount was not offset from my purchase price, do l still need to declare it to the bank for housing loan? What is the penalty for not doing so? Anyone care to advise me on this?
U need to declare it to ur lawyer too. Penalty would include refinancing charges which can be quite a bit during the inital 3 years of ur loan. The bank has the upper hand to review ur entire loan package etc. Not worth it.
If l get stamp rebate from the developer but the amount was not offset from my purchase price, do l still need to declare it to the bank for housing loan? What is the penalty for not doing so? Anyone care to advise me on this?
Your $2,500 of legal fees or more may be clawed back as well.
bakasa2002
09-05-12, 15:12
yeap, i think this 'real life' situation answer yr questions -
http://forums.condosingapore.com/showthread.php?t=13648
Sleepyhead
09-05-12, 17:01
Does anybody here know how much agents get paid per property sold? New launches I mean.... I know in the resale market, they ask for 2% + GST.... and typically negotiable down to 1%, right?
Is it the same for new launches?
Does anybody here know how much agents get paid per property sold? New launches I mean.... I know in the resale market, they ask for 2% + GST.... and typically negotiable down to 1%, right?
Is it the same for new launches?
Much lesser ~1% +/-. For unsold new developments that has been inthe market for sometime, the commission will be much higher thought if developer is desperate to clear them.
Does anybody here know how much agents get paid per property sold? New launches I mean.... I know in the resale market, they ask for 2% + GST.... and typically negotiable down to 1%, right?
Is it the same for new launches?
Probably 4-5k?
Probably 4-5k?
hmm...not attractive at all...:sleep:
Sleepyhead
11-05-12, 23:19
Probably 4-5k?
:( that means cannot squeeze agent to give discount on his/her commission. So, looks like Yowetan will have to TKK for last unit left, then grab it at $1.3m.
Sleepyhead
11-05-12, 23:22
Any idea why Terrasse in D19 is sold out but FV is not?
Both are similar type of developments with large land area and low density units and lots of landscaping. Both have no MRT stations nearby. Both have similar style units of squarish, practical layouts.
Terrasse is 99LH, FV is FH.
:confused:
Any idea why Terrasse in D19 is sold out but FV is not?
Both are similar type of developments with large land area and low density units and lots of landscaping. Both have no MRT stations nearby. Both have similar style units of squarish, practical layouts.
Terrasse is 99LH, FV is FH.
:confused:
I thought terrasse had about 15units left?
Sleepyhead
11-05-12, 23:27
I thought terrasse had about 15units left?
Went there this evening. Only 2 units left. Now might be a good time to negotiate a good deal for those who are interested to buy Terrasse!
Went there this evening. Only 2 units left. Now might be a good time to negotiate a good deal for those who are interested to buy Terrasse!
My agent told me 15 on Wednesday. That was quick.
Sleepyhead
11-05-12, 23:33
My agent told me 15 on Wednesday. That was quick.
Yup! Pretty impressive. Took them just about one year to sell >400 units.
Akira Fudou
11-05-12, 23:55
It has more exposure than FV with readily available HDB upgraders as customers.
http://www.myhometown.sg/Forum/tabid/84/afv/topic/aff/304/aft/184369/afpg/1/Default.aspx
Terrasse @ Hougang 1 km to Rosyth Pri.
http://www.nearby.sg/education/school/all/1/1.317500/103.923326/Flamingo_Valley_452_Siglap_Road_Singapore_455935
This is a Flamingo Valley thread.
This is a Flamingo Valley thread.
Haha seriously off topic indeed
Visited 3 showrooms over the weekend.The Sound, Flamingo Valley & Archipelago.
Realistic Prices, Freehold, A living development. It's definitely a good buy. I have been to the showroom and quite impressed with the actual unit shown to me.
I must comment the agent attended to me in flamingo was someone good in & depth knowledge and very patient with me and my wife.
:)
bakasa2002
14-05-12, 10:39
Visited 3 showrooms over the weekend.The Sound, Flamingo Valley & Archipelago.
Realistic Prices, Freehold, A living development. It's definitely a good buy. I have been to the showroom and quite impressed with the actual unit shown to me.
I must comment the agent attended to me in flamingo was someone good in & depth knowledge and very patient with me and my wife.
:)
So looks like FV is your first choice? Vested in any units?
Visited 3 showrooms over the weekend.The Sound, Flamingo Valley & Archipelago.
Realistic Prices, Freehold, A living development. It's definitely a good buy. I have been to the showroom and quite impressed with the actual unit shown to me.
I must comment the agent attended to me in flamingo was someone good in & depth knowledge and very patient with me and my wife.
:)
were u there ytd? maybe u were the couple i met!
were u there ytd? maybe u were the couple i met!
What's your name? :)
Sleepyhead
14-05-12, 14:53
Haha seriously off topic indeed
Hahaha... sorry.. my fault for bringing up Terrasse here..
Sleepyhead
14-05-12, 14:58
Visited 3 showrooms over the weekend.The Sound, Flamingo Valley & Archipelago.
Realistic Prices, Freehold, A living development. It's definitely a good buy. I have been to the showroom and quite impressed with the actual unit shown to me.
I must comment the agent attended to me in flamingo was someone good in & depth knowledge and very patient with me and my wife.
:)
So FV scores the highest of the 3 you visited? Any comments on the other two? Many people think that Archipelago is comparable and probably better than FV in many ways.
Did you have any updates on how many units left?
I too had a very patient and knowledgeable non-pushy agent at FV. This is rare, and a real gem in the market. Maybe it was the same guy.
What's your name? :)
普先生。姓普,名来屎。
普先生。姓普,名来屎。
Today is Chinese speaking day?
Today is Chinese speaking day?
中国大兴,应多多练习普通话。。。将来必有用处!
So FV scores the highest of the 3 you visited? Any comments on the other two? Many people think that Archipelago is comparable and probably better than FV in many ways.
Did you have any updates on how many units left?
I too had a very patient and knowledgeable non-pushy agent at FV. This is rare, and a real gem in the market. Maybe it was the same guy.
Hi Sleepy, i think Archipelago is not my cuppa tea. He has highlighted to me few units, now wife checking with bankers.
The cheapest quoted was 468/486 which is 3 bedroom. The facing would be the muslim cemetery i think but doesn't matter as where i stay right now is also near a cemetery.
How about you?
Sleepyhead
14-05-12, 15:36
I am almost vested. hahaha....
prefer not to say anymore as yet... don't wanna jinx it.
checking sums & paperwork etc right now.
I am almost vested. hahaha....
prefer not to say anymore as yet... don't wanna jinx it.
checking sums & paperwork etc right now.
Nice gd luck
What's your name? :)
i was there with another guy. u wont miss my friend.
i was there with another guy. u wont miss my friend.
Big size? Celebrity? Super good looking? Super loud?
Big size? Celebrity? Super good looking? Super loud?
all wrong :( handicapped haha
all wrong :( handicapped haha
Oh he on the lookout for purchase?
FLAMINGO VALLEY 468 Siglap Road #01-22 1 109 Strata 1339520 12289 1142 2-May-12 Condominium Freehold Uncompleted New Sale Private 15 45 455943 East Region Bedok
single penthouse is good but sadly developer has none :(
looking at cabuncle post in another thread, flamingo valley has 393units total but only 252 sold so far with a take up rate of 64%. in comparison, vacanza is 90% sold. IMHO thats a very lousy take up rate for FV which has been selling for soooo long..
I copy the link here. http://www.scribd.com/doc/94304305/The-Real-Deals-17-05-2012#fullscreen
bakasa2002
23-05-12, 16:24
looking at cabuncle post in another thread, flamingo valley has 393units total but only 252 sold so far with a take up rate of 64%. in comparison, vacanza is 90% sold. IMHO thats a very lousy take up rate for FV which has been selling for soooo long..
I copy the link here. http://www.scribd.com/doc/94304305/The-Real-Deals-17-05-2012#fullscreen
Eh, FV is more expensive than Vacanza comparatively, so it is taking longer? I heard the sales are moving when I last visited. I mean it was moving to like 300 if I am not wrong, maybe new SF fengshui better?
looking at cabuncle post in another thread, flamingo valley has 393units total but only 252 sold so far with a take up rate of 64%. in comparison, vacanza is 90% sold. IMHO thats a very lousy take up rate for FV which has been selling for soooo long..
I copy the link here. http://www.scribd.com/doc/94304305/The-Real-Deals-17-05-2012#fullscreen
Choi!!!! What cab uncle... 大吉利事!!!
Eh, FV is more expensive than Vacanza comparatively, so it is taking longer? I heard the sales are moving when I last visited. I mean it was moving to like 300 if I am not wrong, maybe new SF fengshui better?
prices are not that much higher. vacanza was just an example. it just seems that the units are not moving.
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