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

[kane]

CCR is weak now but RCR is good. My RCR 1+1 678 sq ft just renewed at 4.4k from 4k. MRT 3 mins away only, above 30th floor.

That's damn good rental for a 1+1.

[bargain hunter]

The Azure

#06-01 2508 sq ft
Bought 2010-09-08 1875psf
Sold 2013-02-08 1695psf

lost almost 600k before agent fees.

[starrynight]

I think Azure looks very 80s, but still that's a cheap price compared to the past!

The Azure

#06-01 2508 sq ft
Bought 2010-09-08 1875psf
Sold 2013-02-08 1695psf

lost almost 600k before agent fees.

[bargain hunter]

http://www.propertyguru.com.sg/listi...scape-cavenagh

1894 sq ft unit asking 3.8m 2005psf negotiable.

not sure its which of the 4 units but the purchase prices in 2010 are:

#07-16 4.117m
#07-22 3.9m
#07-11 3.863m
#07-03 3.71m

bro DKSG or anyone else can try to lowball and offer.

[DKSG]

http://www.propertyguru.com.sg/listi...scape-cavenagh

1894 sq ft unit asking 3.8m 2005psf negotiable.

not sure its which of the 4 units but the purchase prices in 2010 are:

#07-16 4.117m
#07-22 3.9m
#07-11 3.863m
#07-03 3.71m

bro DKSG or anyone else can try to lowball and offer.

And pay $380K of ABSD ?

$380K can let Office Boy live for 7+ years at least - comfortably.

Anyway, some info on this unit. I suspect this is a developer left over unit. This Scape and the next door Hi condo sell quite long cannot finish selling.
People staying in this area MAY be subjected to soft monitoring - cant tell u more, u have to use your experience to understand what I mean.

I will pass this one, not worth paying the ABSD.
But thank you all for remembering Office Boy when there are good deals - very much appreciated!!!

DKSG

[bargain hunter]

lowball lah. let the seller lose 20%, offer 3m? hee. but still 300k ABSD lah.

but there are only 4 of this type and all 4 had been sold beforehand leh.

i know what u mean about the monitoring. even visioncrest on the other side also need clearance.

And pay $380K of ABSD ?

$380K can let Office Boy live for 7+ years at least - comfortably.

Anyway, some info on this unit. I suspect this is a developer left over unit. This Scape and the next door Hi condo sell quite long cannot finish selling.
People staying in this area MAY be subjected to soft monitoring - cant tell u more, u have to use your experience to understand what I mean.

I will pass this one, not worth paying the ABSD.
But thank you all for remembering Office Boy when there are good deals - very much appreciated!!!

DKSG

[felicia_sg]

Why visioncrest need clearance?

lowball lah. let the seller lose 20%, offer 3m? hee. but still 300k ABSD lah.

but there are only 4 of this type and all 4 had been sold beforehand leh.

i know what u mean about the monitoring. even visioncrest on the other side also need clearance.

[Ringo33]

CCR is weak now but RCR is good. My RCR 1+1 678 sq ft just renewed at 4.4k from 4k. MRT 3 mins away only, above 30th floor.

partial or fully furnished? how many year lease?

[starrynight]

Waterscape. A bit sian:

Contract date Address Unit area (sq ft) Price ($psf) Price($)
2013-04-16 65B Cavenagh Road #06-16 592 2,095 1,240,000
2010-01-12 65B Cavenagh Road #06-16 592 1,961 1,161,000

[bargain hunter]

deleted, bro starrynight has already made it neater.

[amk]

What, no more 500k-loss-making 3mil deals ? so disappointed

[kane]

What, no more 500k-loss-making 3mil deals ? so disappointed

Replacement cost getting higher and higher because of inflation. They have to think twice of how much they cut their holdings at.

[amk]

Replacement cost getting higher and higher because of inflation. They have to think twice of how much they cut their holdings at.

Actually I was referring to those big loss making deals. For normal investor, at current close to 0 holding cost, no one will sell at a lost. Dun even need to think about replacement cost. To sell at hundreds of K loss, one has to be in dire financial condition. As there is no recession, no business failure, I see this market will have very few heavy loss sellers

[Ringo33]

The 2 recent transaction of the Grange Infinite is pretty scary

both bought at the same date same psf, both end up with 2+ mil loses.

[bargain hunter]

who says?

its not that there are no such sellers. there are pple who hope to make JUST 500k loss and still cannot find buyers! why dun u help him out?

lowest EVER quantum caveat for cliveden at grange:

$7,074,960

not sure if its this lowest quantum unit or not:

http://www.propertyguru.com.sg/listi...eden-at-grange

asking 6.5m. willing to take > 600k in losses, but no one help him leh.

Actually I was referring to those big loss making deals. For normal investor, at current close to 0 holding cost, no one will sell at a lost. Dun even need to think about replacement cost. To sell at hundreds of K loss, one has to be in dire financial condition. As there is no recession, no business failure, I see this market will have very few heavy loss sellers

[bargain hunter]

http://www.propertyguru.com.sg/listi...eden-at-grange

asking 9m.

#12-03 or higher.

previous caveats:

#12-03 9.933m
#14-03 10.683m
#15-03 10.825m
#16-03 10.339m
#17-03 10.382m
#18-03 10.351m
#19-03 11.399m
#20-03 10.879m
#21-03 11.013m
#22-03 11.828m

willing to lose 1m or more. why dun u help him bro amk? he's been advertising for so long, help him lah, dun be stingy leh.

[bargain hunter]

turquoise

http://www.propertyguru.com.sg/listi...sale-turquoise

stack 10 asking 5m

cheapest ever stack 10: #03-10 $6,047,550

willing to take >$1m loss. someone, please help.

[kane]

was never really fascinated by sentosa. i drove into the cove area before all the bungalows started springing up. it's good if you can find some rich dude who will pay premium to take it off you. but if you don't land yourself a rich dude buyer, good luck on the carry cost...

[teddybear]

ai yah, these people they wash wash wash, wash out $10m profit, lose $1-2m ok wah?

http://www.propertyguru.com.sg/listi...eden-at-grange

asking 9m.

#12-03 or higher.

previous caveats:

#12-03 9.933m
#14-03 10.683m
#15-03 10.825m
#16-03 10.339m
#17-03 10.382m
#18-03 10.351m
#19-03 11.399m
#20-03 10.879m
#21-03 11.013m
#22-03 11.828m

willing to lose 1m or more. why dun u help him bro amk? he's been advertising for so long, help him lah, dun be stingy leh.

[hopeful]

interested, but i am very scared of the monthly maintenance fees.

[amk]

Alamak , 9mil deals are not your average "investor" lah. This kind of advert is always around what. I wait to see actual caveats.

[teddybear]

You can afford lah!

My unit with concierge 3-room only maintenance fund only $1000 pm.

interested, but i am very scared of the monthly maintenance fees.

[bargain hunter]

Paterson Suites

the fund which bought all 20 units of stack 05 at 2700psf has managed to sell 2 units so far at 2596psf and 2775psf. on average prob not gonna be a loss (if they manage to sell the rest) but not gonna be profitable.

[bargain hunter]

http://www.propertyguru.com.sg/listi...sale-the-lumos

u help him turn into actual caveat lah. the guy willing to lose 1m liao and its 4m+, not 9m kind of deal. bro, please help!

Alamak , 9mil deals are not your average "investor" lah. This kind of advert is always around what. I wait to see actual caveats.

[starrynight]

Sorry, off topic, but no where else to post.

This one astute buyer at Spanish Village:

2013-04-25 60 Farrer Road #01-08 775 1,639 1,270,000
1999-08-01 60 Farrer Road #01-08 775 762 590,888

[bargain hunter]

but bro, a lot of buyers who bought between 98 crisis and 06 are able to double their money or more, easily.

Sorry, off topic, but no where else to post.

This one astute buyer at Spanish Village:

2013-04-25 60 Farrer Road #01-08 775 1,639 1,270,000
1999-08-01 60 Farrer Road #01-08 775 762 590,888

[bargain hunter]

http://www.propertyguru.com.sg/listi...scape-cavenagh

asking lower and lower liao leh. one week drop another 120k. somebody, please help.

http://www.propertyguru.com.sg/listi...scape-cavenagh

1894 sq ft unit asking 3.8m 2005psf negotiable.

not sure its which of the 4 units but the purchase prices in 2010 are:

#07-16 4.117m
#07-22 3.9m
#07-11 3.863m
#07-03 3.71m

bro DKSG or anyone else can try to lowball and offer.

[VS]

http://www.propertyguru.com.sg/listi...scape-cavenagh

asking lower and lower liao leh. one week drop another 120k. somebody, please help.

Looking at the floor plan, if i take out the balcony (roof terrace) and A/C, a big portion of the total area is gone. Wonder if "Build In Area" are inclusive of these.

[starrynight]

I see. But those were before my time, so I'm not familiar.

But I really wonder who were those who bought in Q2 2009 when the mkt was at the very bottom. Was it skill, cajones or luck?

but bro, a lot of buyers who bought between 98 crisis and 06 are able to double their money or more, easily.

[DC33_2008]

It is both foresights and guts.

I see. But those were before my time, so I'm not familiar.

But I really wonder who were those who bought in Q2 2009 when the mkt was at the very bottom. Was it skill, cajones or luck?