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Thread: Casa Merah (D16, 99 yr LH, Wing Tai/NTUC)

  1. #121
    Unregistered123 Guest

    Default Property market sure drop soon!

    Quote Originally Posted by FutureResident
    There are too many, what we called 'Retail Buyer' out there now. Property cooling period, dun buy, when market pick up, then start to join queue and buy, how to make money!!!! Casa Merah prime block has bank indicative valuation now at $1.05mil for a 3bdrm 1227sqft at Block 68. However, seller only asking about $950k.

    Those praying for market to drop further may be disappointed as news that gov't has cancelled many land sales 3 days ago in Business Times shows that our gov't acknowledge the fact the property price has dropped since the peak of 07'. And will like to maintain the current price level now. So any positive sentiments will only drive the price up North from now onwards. That's my bet. So is it time to buy now where the seller is still in the panic mood? You decide. But dun wait to long for the sentiments to pick up....
    MARKET SNAPSHOT: U.S. Stocks Plunge; Worst June For Dow Since 1930

    U.S. stocks fell sharply Thursday with the blue-chip index enduring its worst June so far since 1930, and plunging to its lowest finish since Sept. 11, 2006, after getting slammed hard as crude soared to new highs and Goldman Sachs disparaged U.S. brokers and advised selling General Motors Corp.

    The Dow Jones Industrial Average (DJI) tumbled 358.41 points, or 3%, to 11, 453.42, leaving it down nearly 1,200 points, or 9.4%, for the month, with two trading days yet to go. As things stand, the month is the worst June so far since 1930 when the index declined 17.72%.

    "It was the middle of March that the Bear Stearns debacle became public, sending the Dow to a low of 11,731. That level was broken within the first minute of trading today," wrote Kathy Lien, chief strategist of DailyFX.com.

    ******
    Singapore stocks opened lower with the benchmark Straits Times Index (STI) down 56.81 points, or 1.9 per cent, to 2,924.14, at the opening.

  2. #122
    Join Date
    Jun 2008
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    Default

    I agreed that the economy is not well. Many companies has started to activate their bank loan facilities with the bank. If US economy going down trend, it will take about 6 months for Singaporeans to feel the impact.

    However, for people who work in Finance line, they probably start to feel the downtrend now because of the price hike.

  3. #123
    UnregĄstered Guest

    Default

    Quote Originally Posted by FutureResident
    There are too many, what we called 'Retail Buyer' out there now. Property cooling period, dun buy, when market pick up, then start to join queue and buy, how to make money!!!! Casa Merah prime block has bank indicative valuation now at $1.05mil for a 3bdrm 1227sqft at Block 68. However, seller only asking about $950k.

    Those praying for market to drop further may be disappointed as news that gov't has cancelled many land sales 3 days ago in Business Times shows that our gov't acknowledge the fact the property price has dropped since the peak of 07'. And will like to maintain the current price level now. So any positive sentiments will only drive the price up North from now onwards. That's my bet. So is it time to buy now where the seller is still in the panic mood? You decide. But dun wait to long for the sentiments to pick up....
    Everything got up and down one lah.

    Market came down in Q4 '07.
    It is now going up from Q2 '08.

    Just a cycle. No big deal.
    The biggie is most people are slow in catching the cycle.
    Quote Originally Posted by mr funny
    Published June 27, 2008

    Ho Bee's robust sales prompt more launches

    By KALPANA RASHIWALA


    SOME developers are riding on the pick-up in home-buying mood created by Ho Bee's Dakota Residences preview last week to launch their own projects.


    Upbeat: Sim Lian Grp has sold about 100 units of the Clover By The Park condo since its Wednesday preview

    Mainboard-listed Sim Lian Group, for one, has sold about 100 units of its Clover By The Park condo at Bishan St 22 since it began previewing the development on Wednesday at an average price of $750 psf.

    Next to Kovan MRT Station, an outfit controlled by UOB-Kay Hian star stockbroker pair Han Seng Juan and David Loh Kim Kang is getting ready to release its 512-unit condo, according to industry sources.

    BT understands that Centurion Kovan, which is developing the project, plans to preview the condo soon to 'remisier friends' of Messrs Han and Loh. There are also plans to preview the condo overseas, including China. The average price is expected to be in the $850-900 psf range.

    The duo bought the 189,812 sq ft site at a state tender in October last year for around $436 psf per plot ratio.

    Over in Bishan, Sim Lian is developing two 39-storey blocks with a total of 616 units for the Clover By The Park condo. The first phase released earlier this week comprises one tower with 308 units. It is near good schools like Catholic High (within 1 km), Ai Tong Primary School and Raffles Institution. 'Clover By The Park features three-bedroom and four-bedroom units to luxurious penthouses and suites of six bedrooms,' Sim Lian said in a release yesterday.

    Ho Bee has sold 95 units at Dakota Residences since last Friday. The average price is $976 psf. All three projects are 99-year leasehold.

  4. #124
    Unregistered.. Guest

    Default

    Hi property hunters. I got a unit to sell Blk 68 stack 36 high floor (above 6). Asking $859k nett. Anyone interested can sms me 81896966

  5. #125
    ptyhunter Guest

    Default

    Quote Originally Posted by Unregistered..
    Hi property hunters. I got a unit to sell Blk 68 stack 36 high floor (above 6). Asking $859k nett. Anyone interested can sms me 81896966
    What is the PSF? Miss the launch last time.

  6. #126
    Join Date
    Jun 2008
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    60

    Default

    Hi all experts,

    Just rec'd a quote from the agent, $800K for a mid floor, 3 bedroom unit facing MRT, do you think it is worthwhile considering?

  7. #127
    Unregistered2 Guest

    Default

    Quote Originally Posted by ptyhunter
    What is the PSF? Miss the launch last time.
    when launch about 650 per sq feet only... now people dumping before TOP...

  8. #128
    CasaMerah Guest

    Default

    Quote Originally Posted by Unreg
    Hi all experts,

    Just rec'd a quote from the agent, $800K for a mid floor, 3 bedroom unit facing MRT, do you think it is worthwhile considering?
    Yes, given the location.

  9. #129
    Join Date
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    Default

    Do not intend to buy that unit at $800K, heard waterfront wave reducing price, going to go down and take alook.

  10. #130
    Unregistered 34 Guest

    Default

    Quote Originally Posted by FutureResident
    There are too many, what we called 'Retail Buyer' out there now. Property cooling period, dun buy, when market pick up, then start to join queue and buy, how to make money!!!! Casa Merah prime block has bank indicative valuation now at $1.05mil for a 3bdrm 1227sqft at Block 68. However, seller only asking about $950k.

    Those praying for market to drop further may be disappointed as news that gov't has cancelled many land sales 3 days ago in Business Times shows that our gov't acknowledge the fact the property price has dropped since the peak of 07'. And will like to maintain the current price level now. So any positive sentiments will only drive the price up North from now onwards. That's my bet. So is it time to buy now where the seller is still in the panic mood? You decide. But dun wait to long for the sentiments to pick up....
    We're all in a property bubble.. all those speculators who "bought" their units with the deferred payment scheme would start crapping their pants with the development nearing TOP.. (that's why you see the case above of seller asking $0.95mil when bank indicative valuation is at $1.05mil)

    This following the Greater Fool Theory..it portrays property bubbles as driven by the behavior of optimistic market participants (the fools) who buy overvalued assets in anticipation of selling it to other speculators (the greater fools) at a much higher price. This property bubble will end only when the greater fool becomes the greatest fool who pays the top price for the overvalued asset and can no longer find another buyer to pay for it at a higher price..

  11. #131
    Join Date
    Jun 2008
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    Someone told me that #09-36 was sold for $859K, went to Nation property website but cannot find that transaction.

    Can anyone tell me where else to check updated transacted price or any agent here that can confirm if this is true?

  12. #132
    Join Date
    Jun 2008
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    Default

    Quote Originally Posted by Unreg
    Someone told me that #09-36 was sold for $859K, went to Nation property website but cannot find that transaction.

    Can anyone tell me where else to check updated transacted price or any agent here that can confirm if this is true?

    Just realised that the agent actually lied to me that #09-36 being sold. Saw in Sat classified ad that this unit is still avaliable.

  13. #133
    UnregĄstered Guest

    Default

    Quote Originally Posted by Unregistered 34
    We're all in a property bubble.. all those speculators who "bought" their units with the deferred payment scheme would start crapping their pants with the development nearing TOP.. (that's why you see the case above of seller asking $0.95mil when bank indicative valuation is at $1.05mil)

    This following the Greater Fool Theory..it portrays property bubbles as driven by the behavior of optimistic market participants (the fools) who buy overvalued assets in anticipation of selling it to other speculators (the greater fools) at a much higher price. This property bubble will end only when the greater fool becomes the greatest fool who pays the top price for the overvalued asset and can no longer find another buyer to pay for it at a higher price..
    Fool, those idiots have already dumped their units lah.

    The one currently holding the DPS units are the ones that bought for stay and they are no longer on DPS.

    You got follow the dumping (aka exchange) action or not?

  14. #134
    evonfrances Guest

    Default

    can u please use http://www.nationproperty.sg/ as a guideline. i hope u wont be conned by that agent offering 800psf to u.

  15. #135
    What? Guest

    Default

    Quote Originally Posted by UnregĄstered
    Fool, those idiots have already dumped their units lah.

    The one currently holding the DPS units are the ones that bought for stay and they are no longer on DPS.

    You got follow the dumping (aka exchange) action or not?
    How would I know? The newspaper reports implied not a single soul has dumped their DPS unit what. They should specify how many DPS units have changed hands. It's the newspapers' fault - not mine.

  16. #136
    Join Date
    Jun 2008
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    60

    Smile Casa Merah

    Hi,

    Anyone has the info on the recent sales on Casa Merah, preferably the unit no. and the price.


    Thanks

  17. #137
    Real Estate Pundit Guest

    Default In reply to above....sub-sale caveats for Casa Merah

    #01-17___1819___673___$1,225,000___15 Jul 08
    #08-16___1238___700___$866,600_____14 Jul 08
    #08-32___1302___750___$976,500_____08 Jul 08
    #11-38____947___734___$695,000_____02 Jun 08
    #12-37____947___750___$710,000_____21 May 08
    #04-17___1550___750___$1,162,500___17 Mar 08
    #11-04___1389___749___$1,039,900___28 Dec 08
    #04-08___1227___708___$869,000_____19 Dec 07
    #02-17___1550___720___$1,116,00_____26 Nov 07
    #04-21___1550___761___$1,180,000___12 Nov 07
    #03-26____947___676___$640,000_____05 Nov 07
    #07-02___1356___715___$970,000_____29 Oct 07
    #04-13___1216___730___$888,000_____19 Oct 07
    #06-22___1259___663___$835,120_____19 Oct 07
    #08-22___1259___745___$938,000_____05 Oct 07
    #08-37____947___734___$695,000_____29 Sep 07

  18. #138
    Real Estate Pundit Guest

    Default

    Quote Originally Posted by Unreg
    Just realised that the agent actually lied to me that #09-36 being sold. Saw in Sat classified ad that this unit is still avaliable.
    Dear Unreg,

    As you can see from the above sub-sale caveats i have above, you can see that there were very few units sold between October 07 till present and certainly no #09-36!

    What's is your rush? Not TOP yet, wait for TOP then you can physically see the inside of the unit. If the layout is good, you can still pay asking price.

  19. #139
    crap Guest

    Default

    Quote Originally Posted by Real Estate Pundit
    #01-17___1819___673___$1,225,000___15 Jul 08
    #08-16___1238___700___$866,600_____14 Jul 08
    #08-32___1302___750___$976,500_____08 Jul 08
    #11-38____947___734___$695,000_____02 Jun 08
    #12-37____947___750___$710,000_____21 May 08
    #04-17___1550___750___$1,162,500___17 Mar 08
    #11-04___1389___749___$1,039,900___28 Dec 08
    #04-08___1227___708___$869,000_____19 Dec 07
    #02-17___1550___720___$1,116,00_____26 Nov 07
    #04-21___1550___761___$1,180,000___12 Nov 07
    #03-26____947___676___$640,000_____05 Nov 07
    #07-02___1356___715___$970,000_____29 Oct 07
    #04-13___1216___730___$888,000_____19 Oct 07
    #06-22___1259___663___$835,120_____19 Oct 07
    #08-22___1259___745___$938,000_____05 Oct 07
    #08-37____947___734___$695,000_____29 Sep 07
    Prices going down.

  20. #140
    Join Date
    Jun 2008
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    60

    Smile

    Quote Originally Posted by Real Estate Pundit
    Dear Unreg,

    As you can see from the above sub-sale caveats i have above, you can see that there were very few units sold between October 07 till present and certainly no #09-36!

    What's is your rush? Not TOP yet, wait for TOP then you can physically see the inside of the unit. If the layout is good, you can still pay asking price.

    Hi,

    Thanks for the advise, I will wait for TOP to view the physical unit then.
    It is just that various agents I called seems to tell me different thing.

    Actually, I still find the current price too expensive. Don't think I can even breakeven if I sell it after 5 year of stay.

  21. #141
    Unregistered111 Guest

    Default wait ?

    Is it advisable to wait ? many times, those who wait will miss the boat. Most of the sale now are flushing speculators, but when towards top the market will pick up due to the stronger sentiments and US financial recovery. if you wait , u will realise there is no right time. pple will not sell low towards end of year. Many activities like with the PM said on the Changi Business Park so hesitate no more

  22. #142
    Join Date
    Jun 2008
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    Default

    Local Uni shouldn't have much impact on condo pricing.

    The economy seems uncertain, better be more careful. Also, spoke to some agent, they seems quite pushy

  23. #143
    Real Estate Pundit Guest

    Default

    Quote Originally Posted by Unreg
    Local Uni shouldn't have much impact on condo pricing.

    The economy seems uncertain, better be more careful. Also, spoke to some agent, they seems quite pushy
    Don't have to worry about missing the boat......Casa Merah has many many units. More will be available for sale when it is TOP. Just look at The Sea View, many owners trying to unload....asking for $1300-$1500 psf but eventually settle for $1100-$1250 psf.

    The pressure will also come from The Esta and then One Amber. Between these 2 developments and The Sea View, there are more than 1500 units and if just 30% of these come onto the sub-sale market, it'll keep the pressure on the sellers to be realistic.

    So you can exercise patience.

  24. #144
    Join Date
    Jun 2008
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    Default

    Quote Originally Posted by Real Estate Pundit
    Don't have to worry about missing the boat......Casa Merah has many many units. More will be available for sale when it is TOP. Just look at The Sea View, many owners trying to unload....asking for $1300-$1500 psf but eventually settle for $1100-$1250 psf.

    The pressure will also come from The Esta and then One Amber. Between these 2 developments and The Sea View, there are more than 1500 units and if just 30% of these come onto the sub-sale market, it'll keep the pressure on the sellers to be realistic.

    So you can exercise patience.
    Actually you are right. I was told a owner of Casa Merah wanted to encash his unit as he eyed on The Esta, which price might have lower now.

  25. #145
    Real Estate Pundit Guest

    Default

    Quote Originally Posted by Unreg
    Actually you are right. I was told a owner of Casa Merah wanted to encash his unit as he eyed on The Esta, which price might have lower now.
    I would too if in the same situation. Try to unload Casa Merah (D16 99yr LH) at $700-$800 in exchange for The Esta (D15 FH) at $800 - $900. It is a no brainer....who needs the MRT next door?

  26. #146
    Join Date
    Aug 2008
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    Default

    No new caveats lodged for Casa Merah between 16th July 2008 to 1st August 2008.

  27. #147
    4th uni Guest

    Default good news

    hopefully good news for everyone here , more development in changi bus park! it is a gold mine

  28. #148
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    Apr 2008
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    Default

    how much is a three bedroom cost?

  29. #149
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    Aug 2008
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    When Top???

  30. #150
    Join Date
    Aug 2008
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    Quote Originally Posted by Unreg
    Hi,

    Thanks for the advise, I will wait for TOP to view the physical unit then.
    It is just that various agents I called seems to tell me different thing.

    Actually, I still find the current price too expensive. Don't think I can even breakeven if I sell it after 5 year of stay.

    Friend, go for 1 agent that can solved all your problem. My cheapest unit in Casa Merah is selling only at 728psf. See to believe. 81712412 for a non obligation discussion. joe

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