This location n 99LH can flip?Originally Posted by Vinze
This location n 99LH can flip?Originally Posted by Vinze
What are the risks?... hmm where do I start... poor economic outlook, untested MM rental market in OCR, oversupply, interest rates, competition with resale, reduced foreigner interest....etc.
While I am not saying that property is going to crash, surely we are at a point where anyone can see that there are many risks looming. I know of some loans for MM rejected by DBS and Citibank.
It is quite obvious that Vinze bought his unit with the intention to flip right from the start and with the price he is looking for I think it is quite challenging.
Originally Posted by price
Thanks! Yep. AgreedOriginally Posted by howgozit
hey guys did u realize u scared the hell out of him , that's why he has to quickly sell it now ??Originally Posted by howgozit
hi peops..
not sure abt all this investment thingy..
does it mean even before TOP, u can sell the unit?
no minimum period we need to maintain the apartment?
If you dont mind, do keep us updated if there are any prospective buyers so we can all learn something about the market now.Originally Posted by Vinze
Wish you GOOD LUCK in your sales!
No, this is not a HDB regulated propertyOriginally Posted by nazz78
Originally Posted by Vinze
wow.. do update this thread when u get it sold..
coz dats quite substantial profit ure getting once sold
Goto wait till TOP inorder to fetch 500k provided market still ok
430sqft sell at 550k at such location got people buy meh?
530sqft at WT (with mall, cinema, Recreation, mrt) sell at 550k already got people call us carrot head already. Lol
Last edited by Xan; 12-03-12 at 21:15.
that one got lots of time to sell...maybe by that time can hit $650k liaoOriginally Posted by Xan
or later TOP is bad
Dun know which one will reach the finishing line first ? Watertown or Parc RW ?
Buy Fragrance !!!
Haha, ur question is like asking what's 1 + 1? Definitely due to the complexity of WT it'll take a couple of years more to build!Originally Posted by Pro888
Originally Posted by devilplate
I intend to keep till 4years den sell, but nothing is lost if i start to market it now.. If some one really offers 530-550 , nett nett profit aft ssd still @ 30-40k ( with-in 1 mth ) 15% payable in 3weeks
1mth 30k - wld be great
Originally Posted by price
Including sd- nett purchase price 420
Sell @ 530- 550
Ssd 88k
Still make about appx 40k
If really no buyerz den keep 4 years ... But im sure it cN be sold soon
Originally Posted by devilplate
Same thing ppl said in the last few post Pg 34/35,, - "$475k will have difficult time to sell.. "
Now fully sold
SaMe thing ppl said At Launch, "300 units of 1bedrm --- how to sell out ?"
For me, any offer as long as i make a tiny profit, ill sell as im interested in ripple pasir ris--- if really no offer den so be it, buy a smaller unit at ripple instead ;(
Yep, i think ripple will be a a better choice!Originally Posted by Vinze
To all bro & sis,
PS; Im not out to source biz here'
Me like you guys are same, very interested in property investment-
Heres my breakdown
As some of u guessed , yes im agent myself, this is not the first property i own & filpped ;
Bought my ParcRW nett including stamp duty @ 420k
Intending to sell at any point in time now to TOP or even a few years is fine as i took a minimum loan ,
Supposed i sell @ 530k
16% stamp duty is 85k
Nett profit made is $25k ( very tiny profit ) but its within a mth & i have only paid 5% booking $25k ... 15% due soon ....
Which means $25k capital outlay made $25k = 100% profit
Yes , i may not beable to sell @ 530k now or tmr , however if its not in the market, i wont know... If it is, i stand a chance ...
@ the start, alot of ppl ( refer to early post )
1. So many 1 bedrm how to sell
2. This project in woodlands 99y , cannot make it la
3. Last few units sold @ 475/480 ppl say will cannot move
4. Pg 35, some more even said ; who will buy
As proven ; this project 1 bedrm is FULLY SOLD
Last unit 480k, im sure .... 520k is achievable
1st year aka " tmr " 530k selling price = $25k profit
2nd year 540k selling price = $47k profit
3rd year 550k selling price = $90k profit
Etc
Etc etc..
Rosewood was an excellent invest due to its low low quatum ,
To that, i must congrats all the buyers !!!!
A deal well done !!!!
Some have warn of risked involved , however as i mention , low quatum, didnttake a big loan , even if iran goes to war tmr with the world , how much can rosewood drop its price
. Next, if all owners now start calling for 520 & abv, .... Sooner or later, this projects 1bedrm will be calling @ that prices... Sellers set the market prices do rmb ....
Just my tiny 2cents
Next up! ripple bay in pasir ris
Great! if u can sell at $520k, geylang MMs will definitely be more than that then. Also are you sure you can flip option? U have not even exercise the 15% yet.Originally Posted by Vinze
Thks & good luck w ur unit too !Originally Posted by Mr.Keh
Ask ur agt u bought from to start help u look for buyers subsale
Haha
Originally Posted by Vinze
Thank you for helping us to push up the price for Parc Rosewood !!
Walk to industrial park is nearer to MRT.Originally Posted by price
Cheap oso not said very cheap from $460k , totally no seaview for 1Br.
Please enlighten ,what so impressive abt Ripplebay?
http://www.newpropertyforsale.sg/ripplebay/
I said comparing RB to PRW i think RB is better. East side has more amenities than woodlands. property prices are higher etc. but of course, if the TSL station is near PRW in 2018 then huat ahhh!Originally Posted by jeffchan23
Originally Posted by price
icic. Ya can't wait for the announcement of TSL in the later part of this year.
http://en.wikipedia.org/wiki/Thomson_MRT_Line
Huat ahhh!!
haha, maybe like D15 prices will shoot up like madOriginally Posted by jeffchan23
Bought mine at 442+k, 2nd flr, pool view (2nd biggest pool).
A colleague said I stoopid.
haha actually u can work backwards lar, if geylang's MM can cost 500k, -10% for FH factor, - another 10% for proximity to mrt/town, ur prw is indeed quite expOriginally Posted by AL3X
rental figures dun lie for investment. If parc rosewood 1rm can fetch 2k p.m then those who bot it is not stupidOriginally Posted by price
Geylang MM is proven and 2k is no sweat, muz see if parc a rose can hit comparable rates
Yep, i guess if PRW hits 2k then in when the PL hub is done maybe geylang will go beyond 2k. but geylang will have Hotel 81/Fragrance to compete with hahaOriginally Posted by dtrax
Originally Posted by jeffchan23
Ripple /
1. Near beach - joggin distance to beach 2mins
2. Downtown east
3. Opps seastrand shld be a future shopping center **disclaimer ** just saying
4. Changi biz park
5. Airport / aircrew - engineers - pilots - ST aero
6. 4th uni STUD
7. Changi biz park
8. The list goes on ....
9. Low psf ...
10. EC near by will booast sales in future
11. Need more ????