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Thread: Is buying from subsale a better value proposition?

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    Default Is buying from subsale a better value proposition?

    Given the ever higher launching price by developers, isn't it better to look for subsales which are almost always priced lower? I mean, if we take a long term view, after 10 years, there will not be much difference between 13 yo or 15 yo condos compared to 10 yo old ones, right? Am I correct to view this as a buffer whereby if I invest for the long term, buying subsales seems like a no brainer because even if price corrects 30% to 50%, it is most likely going to go up again and even if it does not go up, the "merging" between the new condo and the old condo pricing means that there is always an UPWARD BIAS for the condos bought from subsale. Thoughts?

  2. #2
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    some 1 said this in this forum... can't remember who....

    when price starts to drop => buy from subsales
    when price at bottom => buy from developers
    when price going up => buy from resale



    ... i think sounds very logical... and me wanna add/modify a bit to it ...

    when price starts to drop => buy from subsales (firesale)
    when price at bottom => buy from auction sales (depressed sale)
    when price starts to go up => buy from developers (lelong sale)
    when price going up quite sometime liow => buy from resale (laggard sale)


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    Quote Originally Posted by ikan bilis
    some 1 said this in this forum... can't remember who....

    when price starts to drop => buy from subsales
    when price at bottom => buy from developers
    when price going up => buy from resale



    ... i think sounds very logical... and me wanna add/modify a bit to it ...

    when price starts to drop => buy from subsales (firesale)
    when price at bottom => buy from auction sales (depressed sale)
    when price starts to go up => buy from developers (lelong sale)
    when price going up quite sometime liow => buy from resale (laggard sale)

    px starts to drop---DONT BUY, watch show
    px drop and hit ur target--buy subsale/resale also can consider
    px starts to rise--buy from developer
    px gg up quite a while oredi--start deleveraging and rebalance ur portfolio

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    Quote Originally Posted by devilplate
    px starts to drop---DONT BUY, watch show
    px drop and hit ur target--buy subsale/resale also can consider
    px starts to rise--buy from developer
    px gg up quite a while oredi--start deleveraging and rebalance ur portfolio
    bro... you dun anyhow teach hor.. people need a home to stay hor... not like you, need few homes to fry...

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    Quote Originally Posted by ikan bilis
    bro... you dun anyhow teach hor.. people need a home to stay hor... not like you, need few homes to fry...
    urs also from investment point of view wat

    if buy for own stay....BUY as long u can afford and u love it(buy resale better)

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    After hundreds of pages of reading... Basically nonsense - finally something more constructive... good stuff.

    Add to your advice...consider trimming position after 3rd CM.
    People always don't heed the first 2 CMs.



    Quote Originally Posted by ikan bilis
    some 1 said this in this forum... can't remember who....

    when price starts to drop => buy from subsales
    when price at bottom => buy from developers
    when price going up => buy from resale



    ... i think sounds very logical... and me wanna add/modify a bit to it ...

    when price starts to drop => buy from subsales (firesale)
    when price at bottom => buy from auction sales (depressed sale)
    when price starts to go up => buy from developers (lelong sale)
    when price going up quite sometime liow => buy from resale (laggard sale)


  7. #7
    ikan bilis's Avatar
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    Quote Originally Posted by devilplate
    urs also from investment point of view wat

    if buy for own stay....BUY as long u can afford and u love it(buy resale better)

    no lah.... it only indicate when you die die have to get 1 at "certain" time, cannot wait... then get from the "correct source" that gives you better margin....


    the other time foumer-graveyard also search for some very low end housing for his foreigner friend, may be TS could check with him also...

    http://forums.condosingapore.com/showthread.php?t=12441

    http://forums.condosingapore.com/showthread.php?t=11777

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    Quote Originally Posted by ikan bilis
    no lah.... it only indicate when you die die have to get 1 at "certain" time, cannot wait... then get from the "correct source" that gives you better margin....


    the other time foumer-graveyard also search for some very low end housing for his foreigner friend, may be TS could check with him also...

    http://forums.condosingapore.com/showthread.php?t=12441
    actually buy for own stay, surely buy resale(ready to move in)

    those who bot from developer and claimed they r buying for own stay usually tcss.....unless they r looking to upgrade and not in a hurry

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    Quote Originally Posted by devilplate
    actually buy for own stay, surely buy resale(ready to move in)

    those who bot from developer and claimed they r buying for own stay usually tcss.....unless they r looking to upgrade and not in a hurry
    alamak... you think every1 so loaded like you 1 arh??...

    sometimes may be has budget limit issues or do not want to get tied down with too much risks/commitment so may be need to get an MM... resale how to find MM lah...very limited choice...

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    Quote Originally Posted by ikan bilis
    alamak... you think every1 so loaded like you 1 arh??...

    sometimes may be has budget limit issues or do not want to get tied down with too much risks/commitment so may be need to get an MM... resale how to find MM lah...very limited choice...
    wah lau....y bring up the minority MM home buyers to justify ur statement?

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    because of cm5, new sales in 2012 from those new land bids (it has begun with Palette undercutting Livia/NV and the new Punggol land undercutting ATT/Watertown/Luxurie) could be cheaper than subsale or resale ... ke ke ke ke

    agree with DP, price falling dun buy ... you may get killed by falling knife
    Ride at your own risk !!!

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    Quote Originally Posted by ikan bilis
    when price starts to drop => buy from subsales (firesale)
    when price at bottom => buy from auction sales (depressed sale)
    when price starts to go up => buy from developers (lelong sale)
    when price going up quite sometime liow => buy from resale (laggard sale)

    Why is there lelong sale from developer when price starts to go up?

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    Quote Originally Posted by ysyap
    Why is there lelong sale from developer when price starts to go up?
    sorry lah... entered wrongly... paiseh...

    when price starts to drop => buy from subsales (firesale)
    when price at bottom => buy from auction sales (lelong sale)
    when price starts to go up => buy from developers (depressed sale)
    when price going up quite sometime liow => buy from resale (laggard sale)

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    Just have sufficient cash when buying resale when prices have gone up by some time. Reno cost can set one back by $80k to $100k, depending on the condition of the unit.. Lol!

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    Quote Originally Posted by ikan bilis
    sorry lah... entered wrongly... paiseh...

    when price starts to drop => buy from subsales (firesale)
    when price at bottom => buy from auction sales (lelong sale)
    when price starts to go up => buy from developers (depressed sale)
    when price going up quite sometime liow => buy from resale (laggard sale)
    hf u been to auction sale during early 09?

    its not cheap at all

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    agree - went for one thinking can snag a deal but the final bid was market price...lol...but good experiece.

    Quote Originally Posted by devilplate
    hf u been to auction sale during early 09?

    its not cheap at all

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    Sorry but I just want a guide...say 80k for how big a unit?
    Last time I did reno was years back ...so I want to get a sense PSF.
    I know materials play a big part - but say normal owner-occupier standard finishing.

    Quote Originally Posted by ysyap
    Just have sufficient cash when buying resale when prices have gone up by some time. Reno cost can set one back by $80k to $100k, depending on the condition of the unit.. Lol!

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    Quote Originally Posted by gn108
    Sorry but I just want a guide...say 80k for how big a unit?
    Last time I did reno was years back ...so I want to get a sense PSF.
    I know materials play a big part - but say normal owner-occupier standard finishing.
    3bdr 1200sqft, 50k more den enuff.....

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    Thanks for this.
    Does this include new air-con compressors and kitchen cabinets and wardrobes?

    So ard $40 psf.

    Quote Originally Posted by devilplate
    3bdr 1200sqft, 50k more den enuff.....

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    Quote Originally Posted by gn108
    Thanks for this.
    Does this include new air-con compressors and kitchen cabinets and wardrobes?

    So ard $40 psf.
    everything

    rewiring etc

    but u must DIY.....get ur own contractors

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    Yup - thanks for this...

    Quote Originally Posted by devilplate
    everything

    rewiring etc

    but u must DIY.....get ur own contractors

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    Auction sale should gather steam when there is retrenchment next year.
    Quote Originally Posted by devilplate
    hf u been to auction sale during early 09?

    its not cheap at all

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    Quote Originally Posted by DC33_2008
    Auction sale should gather steam when there is retrenchment next year.
    No chance to land an deal in auction sale lah... bank employees will get it first... Lol! Even firesales already quite difficult coz agents will snatch up first...

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    Quote Originally Posted by ysyap
    No chance to land an deal in auction sale lah... bank employees will get it first... Lol! Even firesales already quite difficult coz agents will snatch up first...
    Auction sales bullshyt one....

    I offer a unit and no one else offer....aso reject my bid.....bank reserve px higher den other subsale.....LOL

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    Quote Originally Posted by devilplate
    Auction sales bullshyt one....

    I offer a unit and no one else offer....aso reject my bid.....bank reserve px higher den other subsale.....LOL
    After rejecting your bid, a kind bank employee may decide to offer $1 more than you to close the deal as the bank knows how desperate the owner is.

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    Quote Originally Posted by devilplate
    Auction sales bullshyt one....

    I offer a unit and no one else offer....aso reject my bid.....bank reserve px higher den other subsale.....LOL
    Any reason given for rejecting your bid?

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    Quote Originally Posted by ysyap
    Any reason given for rejecting your bid?
    below reserve px

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    Quote Originally Posted by devilplate
    below reserve px
    Who set the reserve price? A bank employee reserved it.

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    Quote Originally Posted by hyenergix
    Who set the reserve price? A bank employee reserved it.
    tats y auction sales bullshyt one lor

    got 1-2 gd deals la but many vultures trying to outbid each other....eventually not cheap also....wakakakaka

    just go auction sales for the experience and dun expect to makan durian

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    anyone visits The Hillier ... 565k is for SOHO 1br then is quite cheap .. but confusing information all over ... sms said 3% loyalty discount?!
    Ride at your own risk !!!

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