Scotts Highpark
04 APR 2016 43 SCOTTS ROAD #16-02 1,743 1,922 psf 3,350,000 04 MAY 2007 2,146 psf -390,000 3,258 -1.2%
Scotts Highpark
04 APR 2016 43 SCOTTS ROAD #16-02 1,743 1,922 psf 3,350,000 04 MAY 2007 2,146 psf -390,000 3,258 -1.2%
TDSR is a mean to control consumer credit, not only on housing and cars, but also on credit card balance and interest bearing loans.
Gov can tweak the system to generate revenue, but it won't change the fundamental of supply and demand, nor the nature of consumable and durable
Basically, we are looking at limited numbers of cars and properties allowed on this island. Population of 6.9 or 10 million, whichever.
Is a house with 10 years' lease left worth anything or nothing? Is it as consumable and durable as a car?
The more open-minded one can be, the more you can sense the macro and micro-trends and how they are correlated.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
You are using an extreme example which doesn't even exit to justify your argument.
Anyway, it started when you use unused cars (consumable, unused, so not revenue generating) as an analogy to vacant units
then you use the emergence of Uber and GrabCar to justify your analogy, which is totally opposite to your argument (revenue generating vs. unused)
Anyway, you sensed your trend and made your investment. Wish you the best!
Helios
Sold 25 MAY 2016 17 CAIRNHILL CIRCLE #XX-XX 1,313sq ft 2,094psf
Bought 31 JUL 2007 3,378psf
Sky @ Eleven
Sold 18 MAY 2016 5 THOMSON LANE #XX-XX 2,713sq ft 1,548psf
Bought 23 JUN 2011 1,630psf
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
The most successful investors are defined by their actions in a bear market, not a bull market.
One Shenton
Sold 30 MAY 2016 1 SHENTON WAY #43-03 2,271sq ft 1,500psf
Bought 14 FEB 2007 2,242psf
Received the SMS from agent on x'mas day last year asking 1600psf nett. on 28th dec the msg read $3.5m first come first serve. so now we know it took 5 months and a further almost 100k discount. but seems like price is "around there" if seller can hold on for another half a year or more from the time first advertised for sale.
ALTEZ 16 Enggor Street #38-08 80sq m $2236960 2598psf 24-SEP-2010
put up for mortgagee sale by JLL at a guide price of $1.8m
1 bedroom loft unit.
Martin No. 38
Sold 1 JUN 2016 38 MARTIN ROAD #XX-XX 1,130sq ft 2,208psf
Bought 10 JUN 2011 2,410psf
The Sail
Sold 2 JUN 2016 6 MARINA BOULEVARD #XX-XX 1,313sq ft 1,656psf
Bought 5 NOV 2009 1,900psf
CCR price already crashed lah!
Soon OCR prices will also crash, and will crash BIG because the average middle-incomers will lose their jobs (much more easily than the high-incomers) and have no income to service their loans and no tenants in OCR to help pay the instalments (compared to CCR which will take up the available tenants first)..............
All these are happening because of property cooling measures, particularly ABSD..............
Every where in London is almost the same with great tube access and cheap cars and car park for park-and-ride but property prices in London Zone 1 to Zone 4 can be as much as 10X.............
There you goes....... Ha ha ha! Trying to talk up your OCR property prices???
Ha ha ha Stalingrad, I bet you never live in London before?
Londoners are more snub than Singaporeans!
And Singapore welcome foreigners much more than Londoners.....
And Singapore is a very much safer place to live in and much lower taxes than London, and the weather is sunny (not like the gloomy sky in London).........................
You don't know that Londoners have a super high rate of people having depression compared to Singaporeans?
Property prices is always about supply and demand and Singapore properties will continue to be in more and more demand................
As more people want to come to Singapore to buy properties to live, especially the rich, Property prices in Singapore will go up.............
Singapore is still young, just like London in 197x when Zone 1 property price is only about 2x of Zone 4, but now it can be as high as 10x !!!!!!!!!!
Singapore CCR property prices will surely progress in the same direction as London Zone 1........... No amount of talking down CCR and talking up your OCR property prices by you will change London's history nor Singapore's future...........
Last edited by teddybear; 13-06-16 at 22:16.
If you live in the downtown core of London, you are surrounded by history. Every 10 meters, there is either a museum or art gallery or a historical building. In the downtown core of Singapore, every 10 meters there is a shopping center. See the difference? These shopping centers can be easily replicated in OCR, but not those museums, art galleries and historical buildings in London. Singaporeans are not stupid.
THE COSMOPOLITAN KIM SENG ROAD Condominium 09 CCR Freehold Resale 1 2,920,000 - 1,679 Strata 06 to 10 1,739 May-16
Is this the new low?
Think so, that is why CCR property prices are so cheap now! And the rich can buy cheap cheap thanks to Government property cooling measures!
OCR property prices never drop........ Good for people like you who owned OCR properties but that also means average layman and middle-incomers are unable to buy OCR properties cheap cheap! (and I thought aren't property cooling measures supposed to make private property prices more affordable to the middle-incomers? Oh, this means Singapore Government's property cooling measures FAILED big time!!!!!!!!!!!)
Stalingrad,
historical buildings are for historians and the government...... Most people (regardless of Singaporeans and Londoners) don't want to own any of these because preservation costs too high......
Museums and art galleries can be easily set up any where........ Just need money to buy up the art pieces and artefacts............
However, every few minutes, there is a crime committed in London......
The crime Index of London is a high of 48.4 vs Singapore's 15.8 !!!!!!!!!!!!
Rich people no lack of money, only lack life and scared of crime committed against them........
The safety and security provided in Singapore cannot be replicated in London, as well as low taxes which helped them to save more............
So many rich people who had moved to Singapore are not stupid (otherwise they would be like you, will not become rich)!!!!!!!!!!!!!!
As for the shopping centers, I wonder whether the OCR shopping centers have Birkins and Hermes retail outlets, or porsche showroom??????
If not, OCR shopping centers still can't replicate CCR, no matter how hard you try to sing the song............
dont know why some are so obessed about distinguishing ccr and ocr in a small county like singapore...i use to stay in ccr and have moved to ocr...no big difference really..i still get to anywhere within reasonable amount of time....but i guess some ppl like to feel atas living in ccr? generally...if you are already up there...you will not be so hard up about proving anything to other people....no matter you rich or poor there will be challenges in your life and safisfaction/happiness is not guranteed by where you live...middle income regular wage earning singaporeans...which is majority of the people....will never be able to afford to to live in ccr through their own means...i also dont think they aspire to live in ccr since they have enough challenges as it is living as the middle class in a country like singapore...
and many rich people are normal people who have jobs and lives to live...so its ridiculous to portray them as got nothing better to do but buy birkin, hermes and porsche type people...lol...sure they can afford luxury items but they dont walk around and spend their days thinking about shopping and buying cars...lol
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Maybe some old school fellows still prefer to live near the shops and go shopping there.
For the new generation, this platform is definitely IT! So many of these platforms, shop till shiok!
http://www.lecrin.sg/
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Capitaland started a promotion with D'leedon and Interlace. 10% down payment, remaining 90% or loan installments deferred for a year. Condition is unit for self stay, not for renting out.
interlace still havent sold?!!!
It is clear thinking on the part of you average Singaporeans that makes real estate across the country equalized. People are not dumb. They go to a suburban mall, they see the same cold storages and bread talks as in Orchard, they murmur why the heck do I have to work so hard to buy a CCR condo? Leave CCR to the Chinese and Indos, who don't know better.
I have been saying this to Teddy for at least 10 years, and he has always chucked my advice outta window. I guess some people will never learn. Teddy, the secret to successful investing is to be humble, nimble and flexible. Even Warren Buffet admits that he makes mistakes.