A few CCR transactions sold at a loss (reported in The Edge)

[dtrax]

hur hur? where is the 20% drop?

May
ONE DEVONSHIRE 1 Devonshire Road #12-03 1 120 Strata 3,074,960 25625 2381 14-MAY-2012 Condominium Freehold 2011 Sub Sale Private 09 23 239896 Central Region River Valley

ONE DEVONSHIRE 1 Devonshire Road #12-03 1 120 Strata 2,233,800 18615 1729 14-JUL-2009 Condominium Freehold Uncompleted New Sale Private 09 23 239896 Central Region River Valley

Mar
ONE DEVONSHIRE 1 Devonshire Road #14-01 1 111 Strata 2,700,000 24324 2260 23-MAR-2012 Condominium Freehold 2011 Sub Sale HDB 09 23 239896 Central Region River Valley

Feb
ONE DEVONSHIRE 1 Devonshire Road #10-06 1 126 Strata 2,847,600 22600 2100 21-FEB-2012 Condominium Freehold 2011 Sub Sale Private 09 23 239896 Central Region River Valley

[bargain hunter]

stack 3 superior stack mah. but i wonder if #12 is sufficient to clear residences @ killiney etc? if cannot clear then kind of silly to pay that psf hehehe.

hur hur? where is the 20% drop?

May
ONE DEVONSHIRE 1 Devonshire Road #12-03 1 120 Strata 3,074,960 25625 2381 14-MAY-2012 Condominium Freehold 2011 Sub Sale Private 09 23 239896 Central Region River Valley

ONE DEVONSHIRE 1 Devonshire Road #12-03 1 120 Strata 2,233,800 18615 1729 14-JUL-2009 Condominium Freehold Uncompleted New Sale Private 09 23 239896 Central Region River Valley

Mar
ONE DEVONSHIRE 1 Devonshire Road #14-01 1 111 Strata 2,700,000 24324 2260 23-MAR-2012 Condominium Freehold 2011 Sub Sale HDB 09 23 239896 Central Region River Valley

Feb
ONE DEVONSHIRE 1 Devonshire Road #10-06 1 126 Strata 2,847,600 22600 2100 21-FEB-2012 Condominium Freehold 2011 Sub Sale Private 09 23 239896 Central Region River Valley

[bargain hunter]

Waterfall Gardens $2,900,000 2196 sq ft 1321psf May-12

Is this a 3 bedroom PES (i remember 3 bedroom PES is same size as standard 4 bedroom).

even then, its a bargain!

[bargain hunter]

The Inspira $2,180,000 1561 sq ft 1397psf May-12

new 2 year low psf but for low floor.

[Blue]

Some of these reported at a loss is probably transfer between related parties...so as to avoid 40% downpayment, ABSD and etc

[dtrax]

THE INSPIRA 11 Arnasalam Chetty Road #04-10 1 145 Strata 2,180,000 15034 1397 16-MAY-2012 Condominium Freehold 2009 Resale Private 09 23 239949 Central Region River Valley

CARIBBEAN AT KEPPEL BAY 46 Keppel Bay Drive #02-126 1 124 Strata 1,825,000 14718 1367 15-MAY-2012 Condominium 99 Yrs From 16/08/1999 2004 Resale Private 04 09 098635 Central Region Bukit Merah

SOPHIA RESIDENCE 11 Sophia Road #07-26 1 187 Strata 3,380,000 18075 1679 17-MAY-2012 Condominium Freehold Uncompleted Sub Sale Private 09 22 228194 Central Region Rochor

all easily 300-400k min gross profit

[kane]

THE INSPIRA 11 Arnasalam Chetty Road #04-10 1 145 Strata 2,180,000 15034 1397 16-MAY-2012 Condominium Freehold 2009 Resale Private 09 23 239949 Central Region River Valley

CARIBBEAN AT KEPPEL BAY 46 Keppel Bay Drive #02-126 1 124 Strata 1,825,000 14718 1367 15-MAY-2012 Condominium 99 Yrs From 16/08/1999 2004 Resale Private 04 09 098635 Central Region Bukit Merah

SOPHIA RESIDENCE 11 Sophia Road #07-26 1 187 Strata 3,380,000 18075 1679 17-MAY-2012 Condominium Freehold Uncompleted Sub Sale Private 09 22 228194 Central Region Rochor

all easily 300-400k min gross profit

for what sort of holding period?

[dtrax]

for what sort of holding period?

sophia 2.5yrs, the other 2 cant remember but around a few yrs. Carribean no record of original sale though

[kane]

sophia 2.5yrs, the other 2 cant remember but around a few yrs. Carribean no record of original sale though

the owner for sophia must be slightly disappointed to make so little based on so much capital. but of course, no profit is bad profit.

[bargain hunter]

prob gave up waiting. the last time i checked out the site, prob building #01-26. now prob building #02-26.

the owner for sophia must be slightly disappointed to make so little based on so much capital. but of course, no profit is bad profit.

[dtrax]

the owner for sophia must be slightly disappointed to make so little based on so much capital. but of course, no profit is bad profit.

actually not really, this unit has been on sale in PG for quite sometime being advertise as genuine firesale for pool view, premium stack and no wasted space [patio] coz urgent sale and seller willing to cash out at 2010 prices. So I guess is weak hands and new owner really hooted a gd buy

[dtrax]

prob gave up waiting. the last time i checked out the site, prob building #01-26. now prob building #02-26.

lol slow is understatement. It's damn slow.. juz paid my 40% after like emm more than 2yrs lol

[bargain hunter]

yeah, i m very surprised that it took so long to find a buyer since its a genuine seller. that's why i thought above 3m, buyers become very selective.

actually not really, this unit has been on sale in PG for quite sometime being advertise as genuine firesale for pool view, premium stack and no wasted space [patio] coz urgent sale and seller willing to cash out at 2010 prices. So I guess is weak hands and new owner really hooted a gd buy

[dtrax]

yeah, i m very surprised that it took so long to find a buyer since its a genuine seller. that's why i thought above 3m, buyers become very selective.

anything in the range of >2.5mil can consider "high-end" quantum based on my observations at least where these gd deals are coming

[dtrax]

A few gd hoots:


PARC SOPHIA 12 Adis Road #05-23 1 62 Strata 1,110,000 17903 1663 16-MAY-2012 Apartment Freehold 2011 Sub Sale Private 09 22 229976 Central Region Rochor

PARC SOPHIA 12 Adis Road #05-23 1 62 Strata 1,024,764 16528 1536 05-AUG-2008 Apartment Freehold Uncompleted New Sale Private 09 22 229976 Central Region Rochor


VIDA 5 Peck Hay Road #05-07 1 48 Strata 1,036,886 21602 2007 17-MAY-2007 Apartment Freehold Uncompleted New Sale Private 09 22 228307 Central Region Newton

VIDA 5 Peck Hay Road #05-07 1 48 Strata 1,180,000 24583 2284 21-MAY-2012 Apartment Freehold 2009 Resale HDB 09 22 228307 Central Region Newton

[bargain hunter]

hmm, indeed. bargains are also avail for smaller units but i would think, quickly snapped up even before advertised? unlike the bigger ones above 2m which we at least get to see on propertyguru for awhile.

A few gd hoots:


PARC SOPHIA 12 Adis Road #05-23 1 62 Strata 1,110,000 17903 1663 16-MAY-2012 Apartment Freehold 2011 Sub Sale Private 09 22 229976 Central Region Rochor

PARC SOPHIA 12 Adis Road #05-23 1 62 Strata 1,024,764 16528 1536 05-AUG-2008 Apartment Freehold Uncompleted New Sale Private 09 22 229976 Central Region Rochor


VIDA 5 Peck Hay Road #05-07 1 48 Strata 1,036,886 21602 2007 17-MAY-2007 Apartment Freehold Uncompleted New Sale Private 09 22 228307 Central Region Newton

VIDA 5 Peck Hay Road #05-07 1 48 Strata 1,180,000 24583 2284 21-MAY-2012 Apartment Freehold 2009 Resale HDB 09 22 228307 Central Region Newton

[Poloclub]

hmm, indeed. bargains are also avail for smaller units but i would think, quickly snapped up even before advertised? unlike the bigger ones above 2m which we at least get to see on propertyguru for awhile.

those small 1 bedder units around mount sophia area are really in demand as the rental yield there is very attractive.

[dtrax]

those small 1 bedder units around mount sophia area are really in demand as the rental yield there is very attractive.

yes the demand is definitely there since it is one of the popular expat rental area but it might have an overwhelming supply if all developer's start to MMlized there like telok kurau. Plus even at MM rate also not cheap, average 2.2-2.4k psf based on the recent new launch and en bloc indicative psf prices

[Poloclub]

yes the demand is definitely there since it is one of the popular expat rental area but it might have an overwhelming supply if all developer's start to MMlized there like telok kurau. Plus even at MM rate also not cheap, average 2.2-2.4k psf based on the recent new launch and en bloc indicative psf prices

my favorite project in that area is parc emily along mount emily road. very quite and also nearer to mrt

[dtrax]

my favorite project in that area is parc emily along mount emily road. very quite and also nearer to mrt

I like that condo, but only for certain stacks otherwise can play tissue paper wars.. location wise is quiet but abit close to the "abnn zone" for my comfort and walking distance to the more prime area of mount sophia a.k.a to PS mall/Dhoby which is too far

[Poloclub]

I like that condo, but only for certain stacks otherwise can play tissue paper wars.. location wise is quiet but abit close to the "abnn zone" for my comfort and walking distance to the more prime area of mount sophia a.k.a to PS mall/Dhoby which is too far

what you mean by tissue paper wars?

I actually think there is a lot upside for this project because of those empty plot of land along mackenzie road. once the DTL is completed in 2015, I am sure government will launch those plot for redevelopment. Any idea how long the used car center is going to be there?

To get to PS mall, i think the fastest way is to take the MRT lah.

[dtrax]

what you mean by tissue paper wars?

I actually think there is a lot upside for this project because of those empty plot of land along mackenzie road. once the DTL is completed in 2015, I am sure government will launch those plot for redevelopment. Any idea how long the used car center is going to be there?

To get to PS mall, i think the fastest way is to take the MRT lah.

means the stacks are so close until u can throw tissue paper across; i prefer those outward facing ones n especially the top flr high ceiling ones hehe.. Mackenzie area the psf has not been very impressive in terms of psf gain for the last few yrs when compared to central sophia and southern sophia area. As for fastest way, I am referring to the general walking dist, coz MRT need to factor in waiting time, break down time *if any* and cost.

[dtrax]

THE SAIL @ MARINA BAY 6 Marina Boulevard #17-17 1 63 Strata 1,250,000 19841 1843 25-MAY-2012 Apartment 99 Yrs From 12/08/2002 2008 Resale Private 01 01 018985 Central Region Downtown Core

REFLECTIONS AT KEPPEL BAY 23 Keppel Bay View #16-73 1 141 Strata 2,380,000 16879 1568 25-MAY-2012 Condominium 99 Yrs From 15/03/2006 2011 Sub Sale Private 04 09 098414 Central Region Bukit Merah

GRANGE INFINITE 27 Grange Road #15-01 1 238 Strata 6,330,000 26597 2471 24-MAY-2012 Condominium Freehold 2011 Sub Sale Private 09 23 239700 Central Region River Valley

GRANGE INFINITE 27 Grange Road #15-02 1 251 Strata 6,670,000 26574 2469 24-MAY-2012 Condominium Freehold 2011 Sub Sale Private 09 23 239700 Central Region River Valley

VERMONT ON CAIRNHILL 12A Cairnhill Rise #15-06 1 133 Strata 3,630,000 27293 2536 24-MAY-2012 Apartment Freehold Uncompleted New Sale Private 09 22 229746 Central Region Newton

BELLE VUE RESIDENCES 19 Oxley Walk #04-09 1 218 Strata 6,106,700 28012 2602 24-MAY-2012 Condominium Freehold 2010 Resale Private 09 23 238592 Central Region River Valley

REFLECTIONS AT KEPPEL BAY 33 Keppel Bay View #26-98 1 224 Strata 5,500,000 24554 2281 23-MAY-2012 Condominium 99 Yrs From 15/03/2006 2011 Sub Sale HDB 04 09 098419 Central Region Bukit Merah

THE WHARF RESIDENCE 11 Tong Watt Road #12-06 1 143 Strata 2,739,420 19157 1780 23-MAY-2012 Condominium 999 Yrs From 01/07/1841 Uncompleted Sub Sale HDB 09 23 238008 Central Region River Valley

EON SHENTON 70 Shenton Way #26-07 1 60 Strata 1,415,000 23583 2191 23-MAY-2012 Apartment 99 Yrs From 06/10/2011 Uncompleted New Sale Private 02 07 079118 Central Region Downtown Core

HELIOS RESIDENCES 17 Cairnhill Circle #15-06 1 119 Strata 4,737,300 39809 3698 23-MAY-2012 Apartment Freehold 2011 Resale Private 09 22 229816 Central Region Newton

THE COSMOPOLITAN 200 Kim Seng Road #29-01 1 130 Strata 2,775,000 21346 1983 23-MAY-2012 Condominium Freehold 2008 Resale Private 09 23 239471 Central Region Singapore River

THE SAIL @ MARINA BAY 6 Marina Boulevard #14-18 1 153 Strata 3,129,300 20453 1900 23-MAY-2012 Apartment 99 Yrs From 12/08/2002 2008 Resale Private 01 01 018985 Central Region Downtown Core

THE CLIFT 21 Mccallum Street #25-12 1 51 Strata 1,208,000 23686 2201 23-MAY-2012 Apartment 99 Yrs From 28/04/2004 2011 Sub Sale Private 01 06 069047 Central Region Downtown Core

8 BASSEIN 8 Bassein Road #05-02 1 42 Strata 846,000 20143 1871 22-MAY-2012 Apartment Freehold Uncompleted New Sale HDB 11 30 309838 Central Region Novena

ILLUMINAIRE ON DEVONSHIRE 65 Devonshire Road #17-01 1 67 Strata 1,700,000 25373 2357 22-MAY-2012 Apartment Freehold 2011 Resale HDB 09 23 239900 Central Region River Valley

[bargain hunter]

new record low psf set for Grange Infinite. do u know if the seller is the ARA dragon fund or individuals?

GRANGE INFINITE 27 Grange Road #15-01 1 238 Strata 6,330,000 26597 2471 24-MAY-2012 Condominium Freehold 2011 Sub Sale Private 09 23 239700 Central Region River Valley

GRANGE INFINITE 27 Grange Road #15-02 1 251 Strata 6,670,000 26574 2469 24-MAY-2012 Condominium Freehold 2011 Sub Sale Private 09 23 239700 Central Region River Valley

[bargain hunter]

checked it out, it seems to be ARA Dragon fund cutting loss. how come they can still sell when there is a lawsuit ding dong still on-going between the fund and the developer?

[Blue]

those small 1 bedder units around mount sophia area are really in demand as the rental yield there is very attractive.

Miserable rental yield and hardly any room for capital appreciation, pls dun mislead others so that you can clear ur MM.

Might as well buy a blue chip stock or REIT and earn from dividends.

[Poloclub]

Miserable rental yield and hardly any room for capital appreciation, pls dun mislead others so that you can clear ur MM.

Might as well buy a blue chip stock or REIT and earn from dividends.

you should back up what you said with facts rather than just blowing hot air.

If you need help to calculate rental yield please feel free to ask. I am sure there are many brothers and sister here who will be able to help you on that.

AFAIK, when Parc emily was launch, those 1 bedder units are going at around 700-800psf, and today, it is around 1800psf. 240% capital appreciation in 7 years.

[Blue]

you should back up what you said with facts rather than just blowing hot air.

If you need help to calculate rental yield please feel free to ask. I am sure there are many brothers and sister here who will be able to help you on that.

AFAIK, when Parc emily was launch, those 1 bedder units are going at around 700-800psf, and today, it is around 1800psf. 240% capital appreciation in 7 years.

At 1800psf as of today, do u think it can go up another 240% in the next 7 years to $4320psf? Whose ass is blowing now?

[Poloclub]

At 1800psf as of today, do u think it can go up another 240% in the next 7 years to $4320psf? Whose ass is blowing now?

The attractiveness about the project the are is the almost bulletproof rental demand in that area. So for someone who have plenty of cash lying in the bank and is uncomfortable to invest in risky equity market, then buying a unit to hedge against inflation will be a good investment option. And it is also FH.

As property investors, you cant always expect to just think of capital appreciation all the time you should also consider good positive yield and cash flow.

Perhaps for you, all your money are sunk into your landed property, so you have lesser worry as well as less investment options.

[Blue]

The attractiveness about the project the are is the almost bulletproof rental demand in that area. So for someone who have plenty of cash lying in the bank and is uncomfortable to invest in risky equity market, then buying a unit to hedge against inflation will be a good investment option. And it is also FH.

As property investors, you cant always expect to just think of capital appreciation all the time you should also consider good positive yield and cash flow.

Perhaps for you, all your money are sunk into your landed property, so you have lesser worry as well as less investment options.

Bulletproof rental demand in that area bec of the Indian and PRC (KTVs) emigrants?

You are the same as that cute but not sweet Teddybear who tries to market Little India houses as Orchard Rd. One is a genuine rolex while the other is a fake. Buyers beware!