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Soon, it will spread to RCR and OCR...................
And OCR will have the biggest crash and biggest 'bargain' from current price (because they have risen by the most in percentage terms)................................ :D
Quote:
Originally Posted by catsick
Thanks bargain hunter.Quote:
Originally Posted by bargain hunter
Also, can I check the numerous buy/sell stats that you've kindly shared with us... e.g;
Lumiere #10-01 678 sq ft
Bought 14 Jul 2010 1730psf
Sold 5 May 2014 1670psf
Are these found in The Edge? Do we need to pay to access them? Thanks.
some people everyday dream crash... keep clam and keep dreaming.
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Quote:
Originally Posted by Bentley88
the tanglin view one, confirm sell at a loss. haven't been following. still unsold?
Quote:
Originally Posted by catsick
a bargain which I mentioned before right here in this thread:
Waterscape #07-22 1894 sq ft
Bought 30 Jun 2010 2059psf
Sold 9 May 2014 1636psf
Gross loss 800k. -20.5%
Robinson Suites, not 1 but 2 firesales. same buyer?
both bought around 2900psf, sold at 22xxpsf.
breakeven selling
One Shenton 1141 sq ft
Bought 12 Feb 2007 1841psf
Sold 5 May 2014 1925psf
Gilstead Two
#19-04 904 sq ft
Bought 12 Aug 2010 1978psf
Sold 6 May 2014 1991psf
could not cover stamp duty.
Don't bet on it. Just recently a unit at Carabelle was sold, at $1,234 psf. The price has not budged. Most homes in OCR are occupied by owners, unlike CCR homes. CCR and OCR home prices will eventually equalize. You know what that means. CCR prices will crash to OCR levels.Quote:
Originally Posted by teddybear
Thanks mate.Quote:
Originally Posted by bargain hunter
That's a curious assertion.Quote:
Originally Posted by stalingrad
If , as a homeowner, you get to choose between 2 identical condos, both going at the same price, one in Pasir Ris and one in River Valley, which would you choose?
i think the issue is that a lot of people today (esp the new immigrants) no longer have the same hard up as in the past for 9,10,11
they look at convenience, schools, transport, and that is why Bishan, toa payoh holds up so well. there's no baggage, no history.
Of course choose Pasir Ris. Just like London - Singapore will become homegenous in pricing, just like Chelsea costs the same as Croydon & in New York Manhattan is the same as Queens. [/sarcasm]Quote:
Originally Posted by sporadic
Shame Ringo doesn't seem to be around to answer your question.
Hi EDB
Sure boh? you will choose Pasir Ris???
I will prefer River Valley anytime.....:scared-2:
Quote:
Originally Posted by bargain hunter
Yup, I can see prices coming down but didnt crash..I also saw the adv for this tanglin view for sale ...so it is sold liao..at what price? any idea?
Rental should b good in Tview.
My friend, 3 bedded, 1200 sq ft rented for $5.5K .
please look at the selling price of 1200sq ft....Quote:
Originally Posted by Werther
then you can calculate gross yield....
btw, if rental amount high, property tax rate also increase... hahahahaha
currently the rental sweet spot is studio units as the property tax is lower. thus yield is the best verses bigger units. but as usual location location location.Quote:
Originally Posted by chestnut
And also easy to swallow because of downpayment, tdsr and absdQuote:
Originally Posted by minority
Many in this forum have argued that as pty prices fall, even CCR studios would suffer as people would rather rent bigger units or buy bigger units in OCR. Do u see a future for studio units?Quote:
Originally Posted by minority
very easy. u can always ask a agent which units they can rent out faster those studio in Good location or big units in the same location. moving to a OCR bigger unit no need to wait for price to drop. Its a matter of need and choice. good location studio is always easier to move when compared in the same area becoz its rental will always be lower than the bigger units.Quote:
Originally Posted by Singleton
If a family need is space and have budget issue. OCR is the only choice.
thats why I say Studio in OCR are not tested. i always believe min 2 bedder in OCR in CCR studio is easy to rent out.
actually what i dont get most is MMs in 9,10,11
i think MMs make perfect sense in 1,2,7 etc that kind of working district
Helios 1701 sq ft #13-05
Bought 27 Jun 2007 3070psf
Sold 12 May 2014 2781psf
The Sail #62-20 614 sq ft
Bought 26 May 2010 2689psf
Sold 2 May 2014 2543psf
Bargain hunter, thanks for the update.
It seems priced didn't drop as much as previous transactions. Does it mean those knee jerk sellers have most sold theirs... So now most of the sellers can wait, therefore, prices are not dropping as much.
you concluding the entire market's trend based on two transactions:tsk-tsk:Quote:
Originally Posted by Werther
personal feel: less desperate sellers and more keen buyers than earlier this year. but whether there would be an increase in desperate sellers in the 2nd half of 2014 or they have already sold, i do not know.
there has been in increase in volume in higher quantum units recently compared with the start of the year.
Quote:
Originally Posted by Werther
Hi bargainQuote:
Originally Posted by bargain hunter
I feel the same.
Looking at sat classified, no interesting properties to look...sianz. All good buy become good-bye?
Bargain hunter, where to look for good bargain? Tks
Spot on!!!Quote:
Originally Posted by bargain hunter
u watch kit kat advertisement before right?
every day look at propertyguru see the same ads is sian, but for a very short time, an interesting ad usually pops up and if u dun grab it, someone else will. unless u have well connected agents working for u, u will have to do all the hard work yourself. there's no short cut.
i see that within the 3 to 5m space, now and then there are interesting ads and i've highlighted a few before, these units were subsequently sold.
i'm not sure what quantum u r looking at but at < 3m, good deals are harder to come buy. e.g. good units do not come cheap and there are also fewer sellers willing to sell at a bargain.
Quote:
Originally Posted by Werther