Watertown : Punggol Waterfront Living

[testtest]

U make it sound like bond is at the same risk class as equity ...
And if 200k is all u have, u will dump all in a high psf Punggol 1bd?

No lah to play with this kind of 200k investment, one should already have other assets.

Buying for own stay is different if 200k is all u had saved for the upgrade. That's ok if u like the location for staying.

Yeah, just like my younger colleagues asking me for advice on share investment with his 5k saving

[Worsty]

U make it sound like bond is at the same risk class as equity ...
And if 200k is all u have, u will dump all in a high psf Punggol 1bd?

No lah to play with this kind of 200k investment, one should already have other assets.

Buying for own stay is different if 200k is all u had saved for the upgrade. That's ok if u like the location for staying.

200k is just the right amount to whack FX. Need to monitor all day long though to take profits along the way.

[Akira Fudou]

I dont understand y Xan and the rest who vested at $1000psf or below are being branded as carrot?? Isnt ATT about the same pricing?
Please enlighten me what should be the reasonable pricing? 700-800psf?? in your dream lah.... EC maybe.

[graveyard]

Wow ur under 30 too! I'm earning peanuts, emptied my CPF just like you! Hopefully our project TOP soon

haha we are the target market for that project la - dont know abt you but that's alll i could afford right now. just pray hard wont lose job .. be patient, from the pics, its progressing well

[graveyard]

ya, should diversify. i'm thinking hard if i should use my wife name to invest into another one that has already TOP since only require 20% downpayment, for 1 to 2 bedder smaller quantum.

not waiting to see if price drop further hehe?

[Ilikeu]

Which project u looking at?

definitely one besides an MRT and going or already obtained TOP; need immediate rental. Was looking at Alexis when it was cheaper, suitable for expats who are in the middle management around the alexandra area.

[graveyard]

You're too modest. Average job cannot buy a PC alone and before 30 even. Assuming without the support of your parents? That's commendable.

noo la. i am not that young. in late 20s! no spring chicken anymore! i am a spr, no army so accumulate $ and cpf from younger age than most local guys. and i bought 5xx K, which sort of cleaned up my savings and cpf, so i'm basically cash poor now. No support from parents, but shamefully not supporting them as they have their source of income (did offered persistently but they refused!) and live a frugal lifestyle.

[graveyard]

Agree that govt intention is not to crash the market and prevent the loan to income ratio to reach an insane level. But from history, property bubble burst is more attributed to the economic condition, in the region and also globally.

yess. like now interest rate in SG is low, ppl going into house buying and also finance mismanagement .. wild securitization of subprime mortgages, lack of underwriting and credit history check and euphoria ..when US subprime came down, many real assets all over the world were dragged down too.. govt certainly can cushion the impact by detecting sign of bubble and reacting fast enough - the 10% ABSD sure came lightning fast and managed to cool the mkt ..well at least for nowww

[Ilikeu]

U make it sound like bond is at the same risk class as equity ...
And if 200k is all u have, u will dump all in a high psf Punggol 1bd?

No lah to play with this kind of 200k investment, one should already have other assets.

Buying for own stay is different if 200k is all u had saved for the upgrade. That's ok if u like the location for staying.

of course i know bonds are much safer than equity (stocks). What i meant was i wouldn't put $200k (if i only have $200-300k) into bonds with 4-5% yield. I would rather take more risks and dump it into stocks, but i wouldn't play margin or leverage with stocks.

how high is psf is really subjective as we can all see the debates in this forum. The psf will be supported by the rental yield. With leveraged yield, it will be 8-10% (in current market) assuming assets value remains the same. with asset prices appreciation (long term), the leveraged yield will of course be more.

[Ilikeu]

not waiting to see if price drop further hehe?

imho, people need to lose their jobs first (unemployment rate has to increase), and then stock market has to take a big correction, before ppty prices can have a significant correction.

unless the govt wanted to "purposedly" correct downwards the ppty prices by introducing crazy CM like 20% ABSD for 2nd home (which i supposed most forum old birds here do not think the govt will want to make the prices fall), i cannot see how the prices will correct significantly at this moment. maybe 5-10%? maybe. but probably those at lousier locations.

[howgozit]

imho, people need to lose their jobs first (unemployment rate has to increase), and then stock market has to take a big correction, before ppty prices can have a significant correction.

unless the govt wanted to "purposedly" correct downwards the ppty prices by introducing crazy CM like 20% ABSD for 2nd home (which i supposed most forum old birds here do not think the govt will want to make the prices fall), i cannot see how the prices will correct significantly at this moment. maybe 5-10%? maybe. but probably those at lousier locations.

Agree... even raising interest rates will not dent the property market. As long as people have jobs they still can continue with the instalments just cut back on the rest. Its when they lose their jobs that it becomes a problem.

All the CMs are to curb the enthusiasm rather than to crash it.

[graveyard]

Agree... even raising interest rates will not dent the property market. As long as people have jobs they still can continue with the instalments just cut back on the rest. Its when they lose their jobs that it becomes a problem.

All the CMs are to curb the enthusiasm rather than to crash it.

govt is also constrainted in that it cant raise interest rate too much too fast - doing it overboard will crash the market and have spillover effects onto rest of economy

Will be interesting to see whether future CM would include capital gain tax esp on housing.

And geez, this WT forum has become a general property discussion forum

[ysyap]

sighz. not the best time to buy property i guess!! right before CM! If not, i would be really interested in WT!

Cheers... at least not right after CM and kana tied down even more...

[Xan]

I dont understand y Xan and the rest who vested at $1000psf or below are being branded as carrot?? Isnt ATT about the same pricing?
Please enlighten me what should be the reasonable pricing? 700-800psf?? in your dream lah.... EC maybe.

No worries, in my years here, there are bound to have people like minority who for whatever reason, resort to name callings, feel sour when the brothers here had got themselves a reasonable deal during preview.
700psf next to mall/mrt? Maybe he can consider one at pulau tekong next to jetty.

[minority]

No worries, in my years here, there are bound to have people like minority who for whatever reason, resort to name callings, feel sour when the brothers here had got themselves a reasonable deal during preview.
700psf next to mall/mrt? Maybe he can consider one at pulau tekong next to jetty.

Well Basically down the road time will tell if this is a good deal a not. yes there are some folks who go the price that is same as ATT ard $950psf. but then the comparison would be a WT full west sun facing low floor or the middle super dark tower clamp between the 2 blocks.

fact is not apple to apple when u compared the ATT 950psf units to the WT 980psf units. avg pricing of watertown would be avg 1100psf ( not considering those who will pay 1350psf). that makes WT less desirable if u compare to ATT. and for 1100psf there are better buys out that the some other former pointer out.

Also to note this is a FEO project. tenancy to be priced way a head of the market. from a investment stand pt is a poor choice. Perhaps those who got it ard $1000psf or slightly less think they got a great deal. well time will tell with lower floor n full west SUN like oven. or Dark and dinky middle block.

If want to compare the area ATT would have benefited from FEO WT launch. and have better value minus the crampness and crowd. But I wont touch pungol myself. but since the forumers like to compare in pungol then I would say ATT would be a better choice.

there are older projects ard if u like to compare like compass heights which are ready to go. from investment stand pt. If can get a resonable price lower than ATT or WT that would have been better! for a renter as long deco is reasonable and project are comparable it wont justify $1000-1500 rental diff.

To land lords that immediate revenue instead of waiting 4yrs and more competitiveness in a downturn .


Carrot Xan push the price up good. I can then sell my remaining pro at $3500psf

[chanel]

govt is also constrainted in that it cant raise interest rate too much too fast - doing it overboard will crash the market and have spillover effects onto rest of economy

Will be interesting to see whether future CM would include capital gain tax esp on housing.

And geez, this WT forum has become a general property discussion forum

Capital gain tax for foreigners very likely but not for locals. Government already relax on estate duty to benefit Singaporeans, of course they set a quantum upto a certain limit.
Discussion forum to share common knowledge is healthy, shouldnt turn ugly & get annoyed over differences.

[minority]

govt is also constrainted in that it cant raise interest rate too much too fast - doing it overboard will crash the market and have spillover effects onto rest of economy

Will be interesting to see whether future CM would include capital gain tax esp on housing.

And geez, this WT forum has become a general property discussion forum

WT project hot mah. This need more discussion to scrutinize it.

Spg goverment have tried not to meddle directly on interest rates. It's policy has been more exchange rate focus. Which they find more effective. Lilkly we will mirror us int rate. But goverment will make target tweaks to steer the market.

[Ilikeu]

govt is also constrainted in that it cant raise interest rate too much too fast - doing it overboard will crash the market and have spillover effects onto rest of economy

Will be interesting to see whether future CM would include capital gain tax esp on housing.

And geez, this WT forum has become a general property discussion forum

Current USD Libor swap rate for 5/10 years are only at 1.1%/2.1% only (if i'm not mistaken). If Sibor were to move significantly up while Libor remains low based on Fed policy, significant capital outflow will move out from Spore; or people with access to USD borrowings will take up USD financing and take on currency risk or do a hedge. I would not think MAS will play around with the Sibor while they still have other monetary/fiscal policies to play around with.

[Ilikeu]

All the CMs are to curb the enthusiasm rather than to crash it.

We have seen the govt errs in their policies, hence I will not rule out their next CM will cause a significant correction (not that they intended to), especially when the euro crisis is still causing the stock market to be on a yo-yo cycle.

[howgozit]

We have seen the govt errs in their policies, hence I will not rule out their next CM will cause a significant correction (not that they intended to), especially when the euro crisis is still causing the stock market to be on a yo-yo cycle.

To give the gahmen the benefit of the doubt, I think they are trying to prevent citizens from over commiting. If after all these measures people still buy, then perhaps it is the true reflection of the market.

With the high LTVs, banks are still protected, so the financial problems in the form of the US housing crisis are more or less averted.

WT has did well perhaps due to the momentum of the pent-up demand since it is so close to the last CM. A better gauge would be 6mths to a year down. As it is resale is already indicating plateau and in some areas a reversion.

[amk]

We have seen the govt errs in their policies, hence I will not rule out their next CM will cause a significant correction (not that they intended to), especially when the euro crisis is still causing the stock market to be on a yo-yo cycle.

so u knew the policy risk and market risk are there, why would you still play 200k into a FEO new launch in Punggol ? FEO properties always have a reputation of pricing at a premium, is this not a deterrent at current atmosphere ? Just to be cautious, this 200k can just sit there and wait for other opportunities, no ?

[new2mondrian]

Ok lah, the real carrot heads to me ain't those who bought into FEO projects or Watertown, but those who shell out $50-$100M for a GCB in the market. Cannot subdivide, got building height restrictions etc. those are the insanely rich ones who are the real carrots. Rofl...

There's no end to what is the right psf. Is $1300psf in punggol more insane than a $1600psf freehold in Potong Pasir?!!! There's no end to comparison. Even jurong lake district which is so near tuas can be insane by this definition.

But one personal view though. No matter what people say about a comprehensive public transportation system and an efficient system of expressways, fundamentals still exist. When distance based ERP is rolled out (ie everyone will have a taxi meter in his car instead of a ERP gantry), the pain of driving to town will be more pronounced.

[Xan]

Well Basically down the road time will tell if this is a good deal a not. yes there are some folks who go the price that is same as ATT ard $950psf. but then the comparison would be a WT full west sun facing low floor or the middle super dark tower clamp between the 2 blocks.

fact is not apple to apple when u compared the ATT 950psf units to the WT 980psf units. avg pricing of watertown would be avg 1100psf ( not considering those who will pay 1350psf). that makes WT less desirable if u compare to ATT. and for 1100psf there are better buys out that the some other former pointer out.

Also to note this is a FEO project. tenancy to be priced way a head of the market. from a investment stand pt is a poor choice. Perhaps those who got it ard $1000psf or slightly less think they got a great deal. well time will tell with lower floor n full west SUN like oven. or Dark and dinky middle block.

If want to compare the area ATT would have benefited from FEO WT launch. and have better value minus the crampness and crowd. But I wont touch pungol myself. but since the forumers like to compare in pungol then I would say ATT would be a better choice.

there are older projects ard if u like to compare like compass heights which are ready to go. from investment stand pt. If can get a resonable price lower than ATT or WT that would have been better! for a renter as long deco is reasonable and project are comparable it wont justify $1000-1500 rental diff.

To land lords that immediate revenue instead of waiting 4yrs and more competitiveness in a downturn .


Carrot Xan push the price up good. I can then sell my remaining pro at $3500psf

Haha, loads of bird story again.
Its parrot minority's talk again.
We no need you to boot lick ATT buyers and condemn WT buyers.
Trying desperately to get supporters from ATT buyers?

I feel all WT/ATT buyers are winners as long as they bought at reasonabe px, financially strong/stable. Why you take it so hard and die die must condemn them?

You still dreaming your pulau tekong condo to sell at 3500psf?
OK, maybe if a casino built there.

[mygeemeel]

This thread seemed to be only between the same few people. I will put my opinion... buy what you like. Don't have to explain to anyone your decision. I never experience buying PC still got to explain to forum your choice.

[Xan]

there are older projects ard if u like to compare like compass heights which are ready to go. from investment stand pt. If can get a resonable price lower than ATT or WT that would have been better! for a renter as long deco is reasonable and project are comparable it wont justify $1000-1500 rental diff.

To land lords that immediate revenue instead of waiting 4yrs and more competitiveness in a downturn .
$3500psf

If like what you have said, how come resale seems flat while new sales keep going up? Why all chiong WT instead of compass height? You mean u are smarter than 992 WT buyers? Who is carrot we still dunno yet hor.

Do u understand the disadv of buying old condo during this period under the current CMs?
Besides the age of the condo, people also wary abt huge cash exposure within a short time frame. This is buyers' sentiment and yet you know nothing abt it? Did you do your homework or read articles pertaining to buyers' sentiments? Or you just outright to condemn?

WT sells mainly the lower quantum units which will put the buyers in a better situation. They can either rent or self stay in near future, despite resale is flat, but quantum is low so can still cover thru rental if resale no gd. Rental why not possible? with amendities, cinema, mall, mrt and recreation. You got better excuses to differ these facts?

If u want to continue to act stupid and malicious thru names calling, I shall let you be. I shall rather hear from others who can offer a more constructive pt of view rather than your bird's talk.

[Xan]

This thread seemed to be only between the same few people. I will put my opinion... buy what you like. Don't have to explain to anyone your decision. I never experience buying PC still got to explain to forum your choice.

Someone's meat is another's poison. (How true)
Wait till minority put poison in your meat and you will know. (Even more true)

Now of cos u can act noble.

[ysyap]

Ok lah, the real carrot heads to me ain't those who bought into FEO projects or Watertown, but those who shell out $50-$100M for a GCB in the market. Cannot subdivide, got building height restrictions etc. those are the insanely rich ones who are the real carrots. Rofl...

These carrot heads you've mentioned have too much cash indeed... we used to say those who drive Benz are like driving a 4 room HDB flat on wheels... but for these carrot heads, they drive rolls royces are like driving a private condo on wheels... wow! I know of one who after buying a rolls royces must also buy a number plate to go with the car... he paid $80k for a number plate... Same human but different lives...

[gfoo]

These carrot heads you've mentioned have too much cash indeed... we used to say those who drive Benz are like driving a 4 room HDB flat on wheels... but for these carrot heads, they drive rolls royces are like driving a private condo on wheels... wow! I know of one who after buying a rolls royces must also buy a number plate to go with the car... he paid $80k for a number plate... Same human but different lives...

many have HDB flats on their wrists too :P

[mygeemeel]

Now of cos u can act noble.

Act noble? I don't need to act noble. I play property with least amount of loan. So nobody dares challenge my investments.

There is only one chao ang mo critisize my English. Even when that happened, i got many hiah dee (brothers) to support me. Buy property still got to explain and argue very chee cham lei.

[new2mondrian]

many have HDB flats on their wrists too :P

CNY went visiting.... And viola, there was a bright red Ferrari parked in the HDB carpark with a HDB season pass. Asked my relative. The Ferrari car owner stays in his block, in a 4-room flat, and also owned a Porsche Cayenne. Never undermine the hdb dwellers...