pty investment imo is game-over with all the loan curbs, stamp duty, and now TDSR. only 1st time buyers not affected. Tough for the mkt not to correct.
Junior
pty investment imo is game-over with all the loan curbs, stamp duty, and now TDSR. only 1st time buyers not affected. Tough for the mkt not to correct.
Senior
Good to have first timer to support the market. Let see takeup rate at SV.Originally Posted by august
Junior
http://www.cnbc.com/id/101067872
Singapore home prices could fall 20% by 2015: Barclays
Published: Friday, 27 Sep 2013 | 5:31 AM ET
Senior
Knight Frank:
MORTGAGEE’S SALE
Auction Date : 30 October 2013, Wednesday
Venue : Amara Hotel Singapore, Connection Room Level 3
Time : 2.30pm sharp
*SINGAPORE MOST SOUGHT AFTER WATERFRONT ADDRESS*
Ø Strata Floor Area : approx. 2185 sq ft
Ø 4+1 bedroom, private lift inclusive of 40 private berths
Ø Pool view + partial seaview
Ø Tenure: 99 years wef 3/1/2007 (balance 93 years)
Ø A door step away is the Sentosa Golf Club plus exclusive membership to the One °15 Marina Club
Ø Vacant Possession on an “as is where is” basis
Senior
Knight Frank:
Icon
#17-19 Sheriff's sale
700 sq ft 1 bedroom loft
Seller bought at 1601psf 1.12m in may 2010
Senior
sorry, this one by DTZ not knight frank
Senior
25th sep colliers auction also had a mortgagee sale for marina collection
#01-29 2099 sq ft 3 bedder. not sure if it was sold.
Newbie
Hearing so many negative comments here, looks like property sure gone case liao. Actually should have started last year if US tapering came earlier. I attribute all the gloom in the market now to tapering, not govt intervention. Look, every time the govt intervenes the property market heats up. This time (TDSR) is no game changer, the real deal is TAPERING.
Next year will see more drastic changes even without govt intervention, maybe will start to see more firesales here
Newbie
It is TDSR. Tapering makes overseas properties look cheaper. Possibly the way to overcome it is to borrow from overseas banks.Hearing so many negative comments here, looks like property sure gone case liao. Actually should have started last year if US tapering came earlier. I attribute all the gloom in the market now to tapering, not govt intervention. Look, every time the govt intervenes the property market heats up. This time (TDSR) is no game changer, the real deal is TAPERING.
Next year will see more drastic changes even without govt intervention, maybe will start to see more firesales here
Newbie
Hearing so many negative comments here, looks like property sure gone case liao. Actually should have started last year if US tapering came earlier. I attribute all the gloom in the market now to tapering, not govt intervention. Look, every time the govt intervenes the property market heats up. This time (TDSR) is no game changer, the real deal is TAPERING.
Next year will see more drastic changes even without govt intervention, maybe will start to see more firesales here
Simi tapering. US haven t even taper yet. Sing rates haven t even gone up much yet
Senior
SGD xchange rate should reach close to 1.3 at year end. Is it stii possible?
Office Boy
If the government knows the market as well as some of the experts here, then some of the CMs should start to taper alongside with the US tapering.Hearing so many negative comments here, looks like property sure gone case liao. Actually should have started last year if US tapering came earlier. I attribute all the gloom in the market now to tapering, not govt intervention. Look, every time the govt intervenes the property market heats up. This time (TDSR) is no game changer, the real deal is TAPERING.
Next year will see more drastic changes even without govt intervention, maybe will start to see more firesales here
The first should be the ABSD for 3rd property.
TDSR should also be relaxed to include only properties - which is what the banks have been doing all along.
Since we know policy makers read posts in this forum, you can actually signal to them here!
DKSG
Newbie
unless you see a super strong string of data i don t think taper will happen soon. the tapering if it happens will probably be a non event as well, maybe 5-10 mil cut. They re super kiasi.
SGD inflation is still an issue, so I don t expect a strong dollar anytime soon. Perhaps if there s a major market correction.
Newbie
Don't say never. Nobody back then in Sept 2012 knew gold can fall to $1300. Everyone is predicting $2000.
狮子王 (formerly blackjack21trader): READ MY LIPS: NO MORE CRASH FOR 60 YEARS.
Newbie
gold s a joke. dunno why people are chasing it. my friend was asking me to buy at 1700. i told him you re nuts. anything above 1200 is expensive to me. even at 1200 i have to think twice
Senior
when it was USD $ 300/ oz I told at least 5 of my friends to buy ...
only 1 listened to me...
I told him ..target 800 then 1000 then 1500 ...within 5yrs...
within 12 months ... he was already very happy that he listened to me..
I sold all my gold at 1300..... and never touch it again
Newbie
As you know, the govt is always behind the curve
Newbie
Yes, foretaste or smell only. Not happening yet
Junior
ouch. u do have to rub it in, dont you
Senior
St Regis #13-09 2756 sq ft
Bought 14 Dec 2006 (before the boom) 2867psf
Sold 19 Sep 2013 2468psf
loss > 1.33m
Junior
Kinda of depressing news. Ruch supposed to get richer.
Fron this article, rich supposed to spend money like nobodies business
http://www.forbes.com/sites/surekhaa...-michael-ault/
Yet where are the uber rich that r supposed to drive ccr prices higher?
A lot of ccr developers now sweating, 8,16,24% extension charges.
Senior
tribeca 1 bedder penthouse. hardly made anything
2013-09-16 60 KIM SENG ROAD #30-02 1,195 1,339 1,600,000
2009-10-07 60 KIM SENG ROAD #30-02 1,195 1,272 1,520,000
2006-12-04 60 KIM SENG ROAD #30-02 1,195 1,200 1,433,620
Senior
the uber rich are in london, marbella, manhatten and florida and partying on their boats, which are the size of mini cruise ships perhaps.
Senior
ICON
2013-09-16 10 GOPENG STREET #42-25 1,119 sq ft 1,787psf $2,001,000
2007-09-04 10 GOPENG STREET #42-25 1,119 sq ft 2,162psf $2,419,730
Senior
Promont
http://www.propertyguru.com.sg/listi...le-the-promont
asking 3.63m nego for 2013 sq ft. 1803psf
project was launched in sep 2009. lowest psf was 1852psf.
anyone keen to negotiate down to below 1800psf to buy?
Office Boy
Dont have $2.x million cash, if not this is certainly considered near fire sale price!
DKSG
Junior
63 Cairnhill Circle #05-01 187 1852 3727800 2009-09-08 Apt Freehold New Sale
Not bad, if got a few mil can hoot lol
Junior
I see u r also sleepless like me tonight or u work nightshifts?
Better keep your money, don't speculate too much on Singapore property. Our nanny state already giving a lot of warning not to over leverage on properties already.
Senior
just drop it into your shopping cart loh. dont buy carrying it around also shiok right?
if you cant afford this? then at least support SV a bit lah. You talk like Bishan is a mountain of gold, why not pick up one unit? I am sure tere are many that are selling below $2m.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Senior
the TDSR seems to hit the $3 to $5m segment particularly hard. the already relatively poor rental yield is made worse by the now even higher cash outlay required and resultant lower leverage effect. for own stay also too high a cash outlay stuck in the ppty.
$5 to $10m segment also kenna but at least now and then there are rich enough people to pay all cash anyway for the more premium properties.
Posting Permissions
Reply With Quote