Originally Posted by buy
7xx psf. Confirm
Originally Posted by buy
7xx psf. Confirm
Originally Posted by baywater
I have a unit at blk 68 high floor stk 33 asking 7xx. Can I market for you? Joe
Originally Posted by Unreg
I have 3 rooms going for 7xx, call me Joe 81712412
hi,
I got few buyers looking for units at casa merah.Call me @ 93832702 or email at [email protected]
from justin
hi baywater .Let me know your stack. email me at [email protected]Originally Posted by baywater
take care cyy
from justin 93832702
Hi Real Estaet Pundit,Originally Posted by Real Estate Pundit
Any any new caveats for Casa Merah? Economy is slowing down, might not buy if price still high
Thanks
Chien
Originally Posted by Unreg
Hello Chien, below are the few caveats that has been lodged...minus the caveats for original purchase from the developer.
Date____Unit____SQFT___PSF, $____Total, $
29Jul___06-3X___947____718______680,000
30Jul___09-3X___1227___706______866,000
05Aug__10-3X___947____718______680,000
18Aug__08-4X___947____720______687,840
20Aug__10-2X___958____729______698,000
25Aug__10-1X___1572___730______1,147,560
26Aug__11-2X___958____783______750,000
The above caveats were obtained on 21Sept08 reflecting contracts upto 05Sept08.
Hi Real Estate Pundit
Do you have any 2brms at Casa Merah?
How much will it be?
Any idea when will the project be completed?
Am looking for something which I can move in by end Dec 2008.
Hope hear from you soon! Thx!!
Originally Posted by Real Estate Pundit
I was on Site at CM last week, all building are up. Looks TOP will be 2nd half next year. Let me know more details wat other places you looking at?Originally Posted by Blessed
Originally Posted by Blessed
Hi Chien, I am not a real estate agent. I just have the resources to see detailed caveats lodged and to share the details with anyone interested.
wow.You are a pundit in property market. Guess better then many agents. CheersOriginally Posted by Real Estate Pundit
Hi,
Was wondering if you can get ard $650psf for 2 brms for Casa Merah?
Hmmm....if this place is worth to buy, I dont mind renting for another 6-7mths till the project T.O.P
Currently staying at Bayshore Park and my lease will end by end of Dec....
Budget is ard $600k to buy a new place. Preferably near to the Marine Parade (family is here)....or near MRT. Prefer bigger property area like Bayshore Park, The Bayshore and Mandarin Garden.
Whats your view?
Your advise would be appreciated
Thx!
Originally Posted by Joe6816
Casa m Cheapest 2 room is 690k, the rest over 700kOriginally Posted by blessed
bayshore park 700k to 750k
the bayshore 680k to 730k, have a unit 1001 sqft, asking 690k nego.
Mandrain Garden 900k
Changi court may have.
Noted. Thx!
Originally Posted by Joe6816
Hi
Don't be mistaken and jump too fast....There are no viable investment opportunities anywhere now...i mean...even banks and insurance companies can crash..so if the rich people have loads of money, where would they want to park it?
If they just hold, it and inflation is climbing, their real value of cash goes down..so what is the best thing to do...
Buy singapore property...it looks like safe haven and best place to invest...basic coutnry infrastructure is there...land is also limited...one of the strongest country in service industry....
buy a singapore property....collect rent and at worse if there is a property slump, it is still limited as the number of people is growing faster than the properties available...
don't be surprised if u see a spike in Mar 09 after the usa tries to sort itself out and europe will be slightly affected and people will be looking on what to buy....stocks are not so reliable now...
thinks about it
CRAP ADVICE.
Originally Posted by Optimist
agree property can hedge against inflatn in the long term.Originally Posted by Optimist
New caveats lodged upto 03 Oct 08 that has been lodged...minus the caveats for original purchase from the developer.
Date____Unit____SQFT___PSF, $____Total, $
26Sep__04-2X___947____707______670,000 --- NEW
29Jul___06-3X___947____718______680,000
30Jul___09-3X___1227___706______866,000
05Aug__10-3X___947____718______680,000
18Aug__08-4X___947____720______687,840
20Aug__10-2X___958____729______698,000
25Aug__10-1X___1572___730______1,147,560
26Aug__11-2X___958____783______750,000
The above caveats were obtained on 21Sept08 reflecting contracts upto 03 Oct 08.
Hi Real Estate Pundit, thanks a lot for the kind sharing.Originally Posted by Real Estate Pundit
I'm interested in Tropica, is it possible to let me know the recent transactions? Appreciated!
http://tnp.sg/news/story/0,4136,181307,00.html
He buys condo for a windfall but takes a big fall instead
By Elysa Chen
October 26, 2008
AMONG the legion of burnt investors is a buyer of a million-dollar condo apartment who should have known better.
He jumped into a then hot property market without weighing the biggest 'if' of all - what if you lack the cash to complete the purchase?
Now Mr Byron Nifakis, 39, is bankrupt.
He wanted to buy a $1.2 million four-room flat in the Casa Merah condominium, as an investment.
The Singapore permanent resident was working as the IT director of a restaurant here, earning $10,000 a month.
Now he is reminded of his bankruptcy whenever he peers out of his rented home, which faces the Casa Merah on Tanah Merah Kechil Avenue.
He eyed the condo development to cash in on the rising property market last year.
But, by his own admission, his 'naivety and cockiness' resulted in his owing the condo developers $18,000 for his botched purchase.
Mr Nifakis, who came to Singapore from Canada in 2001, thought he was 'safe' as he had not signed any documents committing himself to the deal.
But he had handed over a $60,000 cheque as deposit, and what he did not know was that this was sufficient proof of his option to buy the property.
His cheque bounced, but lawyers and property agents told The New Paper he was still obliged to buy the unit.
Mr Nifakis, who had only about $6,000 in his account then, could not proceed with the purchase because money he was counting on from overseas partners did not come in.
He said: 'It was only because my property agent promised me that I could get more time to process the $60,000 payment that I even decided to go to the showroom that day to try my luck.'
But by 4pm, he was unable to raise the money from his partners. So he returned to the showroom to back out of the deal and get his cheque back.
When the agents refused to return the cheque, Mr Nifakis left the showroom.
'I thought they could keep my cheque, because they would not be able to use it against me,' he said.
But he was wrong.
A purchasers' particulars form he had signed stated that he had to pay 25 per cent of the $60,000, or $15,000, if he backed out of the deal.
And, to his horror, he learnt later from his lawyer that the cheque could be used as evidence that the option had already been granted to him.
He said: 'I should have refused to leave the showroom until it was closing time so that I could speak to someone who could return me my cheque.
'My agents kept telling me 'I'm sure you will find a way to get the money'.'
Trying to make the best out of a bad situation, he 'scrambled' to get the money by applying for a bank loan, but failed to get approval.
Desperate
Desperate for more time, Mr Nifakis wrote to the developers, but failed to get an extension.
They insisted that he had to pay the $15,000.
Mr Ling Tien Wah, the lawyer acting for the developer, explained that since Mr Nifakis did not exercise his option to buy the apartment, the developer was entitled to 25 per cent of the $60,000 booking fee.
In February this year, a judge ordered Mr Nifakis to pay the developer $18,000, including legal fees of $3,000.
The developer took out a bankruptcy application against him in July when he failed to pay up.
To make matters worse, his company laid him off the same month because it had run into financial difficulties and had shut down the restaurant.
On 9 Oct, the court issued Mr Nifakis a bankruptcy order as he was unable to come to a compromise with the developers on a repayment scheme.
He asked to pay them $300 a month over five years, but the developer rejected the offer, noting that if he wanted to, he could clear his debt in just 12 months.
A bitter Mr Nifakis said: 'This is the biggest investment I have made; it is also the biggest lesson I have had to learn.
'I try not to think about it too much. There's a bit of resentment. After all, that property could have been mine.'
IT ALL GOES BAD
2 APRIL 2007: Mr Nifakis thinks about buying condo unit after being asked by agent.
14 APRIL 2007: Chooses unit and hands cheque over. Backs out later in day but agent refuses to return it.
MAY 2007: Developer warns $15,000 deposit could be forfeited if deal is not closed.
FEB 2008: Judge rules in favour of developer and orders him to pay $18,000.
JULY 2008: Bankruptcy plea filed against Mr Nifakis, who also loses his job.
9 OCT 2008: He is made a bankrupt.
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heard the plot of land in front needs to sell 900 psf or more for developer to break even , anyone has any idea on this? this will make casa rise
Originally Posted by Unregistered1234567890
Hong Leong will most likely launch at 950 to 1000psf. This is what I feel.
hey !! Do you see Seaview/One Amber/Esta price increase because of Silversea launch ?? You only see Silversea sold less than 20 unit !!
Originally Posted by Unregistered1234567890
Wow!Originally Posted by Joe6816
That is a lot cheaper than Silversea's $1,780psf.
Originally Posted by URA
Originally Posted by UnregЎstered
A lot higher then Livia average of 650 psf. 3 MRT stop away.
Wah! Not bad leh!Originally Posted by Unregistered
I want to purchase a 4-bedroom Casa merah unit for my own stay. Let me know if there's any good deal around!! Thankx forumers!
Originally Posted by geekay
1572 sqft, 4 room. 710psf
1819sqft, 4 rm patio unit 650 psf
Call me. 81712412 or PM me
Saw the development today and all the windows and paint almost all up , quite nice and quiet , it seems the stacks are quite close to each other... the design is okay and maybe top very soon in late 2009