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

[teddybear]

May be they can even pay off everything, but still subject to ABSD... So best solution is to decouple to avoid ABSD...

Also provided wife income can suppt entire loan and has cash to show to execute transaction. If true, it show that many r holding onto one. And preparing to buy.

[bargain hunter]

The Sail

#14-05 883 sq ft

Buy 20 Aug 2007 2851psf
Sold 14 Oct 2013 2830psf

[teddybear]

Sentosa got many lei long?
Seems like Palau Mati, Ops I mean Sentosa, a really unlucky place...

The Sail

#14-05 883 sq ft

Buy 20 Aug 2007 2851psf
Sold 14 Oct 2013 2830psf

[banker82]

An agent tells me some of these transactions in CCR are decoupling cases.

Ah yes, one of them belongs to one of my rich friends

[JuzMe]

Unfortunately too many are caught up with herd mentality influenced by people saying market will keep on going up and up. History already proven property market is cyclical

Don't forget selling prices before adding up agent fees, bank loans, etc

Now is not time to buy.

[chestnut]

Unfortunately too many are caught up with herd mentality influenced by people saying market will keep on going up and up. History already proven property market is cyclical

Don't forget selling prices before adding up agent fees, bank loans, etc

Now is not time to buy.

Is this the history u referring to????

http://www.singstat.gov.sg/publicati...cel/topic3.xls

[hopeful]

Ah yes, one of them belongs to one of my rich friends

i have always assume that the rich possess a few properties.

it makes sense for a "rich" couple that have only 1 property to decouple.
does it makes sense for a rich couple that have 5 or more to properties to decouple all to buy another 1?

a technical question:
A & B have 3 properties X,Y,Z under joint name.
when decoupling, does A have to pay ABSD for the additional 50% shares in properties X,Y,Z or just normal BSD?

[hopeful]

regarding transfer of shares for multiple properties,

IRAS give this example for a person co-owning only a single home.

http://www.iras.gov.sg/irashome/page04.aspx?id=12826
5. I am a SC currently owning only a 20% share in a house co-owned with my mother. Should my mother transfer her 80% share of the house to me, do I need to pay ABSD? If I were to buy another private flat after that, what would be the ABSD rate?
You would have owned one residential property before your mother transfers her share to you. However the transfer of the 80% share of the same property to you would not add to the count of properties owned by you and hence would not be subject to ABSD. However, BSD is still payable on the acquisition of 80% interest in the property. Your subsequent purchase of the private flat would be your second property which would attract the ABSD rate of 7%.

i supposed if transfer of shares involving the same properties, be it one or many, it only incurs BSD instead of ABSD.

[bargain hunter]

the 2777 sq ft 4 bedroom unit at Turquoise which had been advertised for sale as "owner's sale" at 20% below his purchase price but failed to get any offers has now been converted to a bank auction sale.

DTZ has put it up for auction on 21st Nov 2013 at 2.30pm at amara hotel.

Sentosa got many lei long?
Seems like Palau Mati, Ops I mean Sentosa, a really unlucky place...

[stalingrad]

the 2777 sq ft 4 bedroom unit at Turquoise which had been advertised for sale as "owner's sale" at 20% below his purchase price but failed to get any offers has now been converted to a bank auction sale.

DTZ has put it up for auction on 21st Nov 2013 at 2.30pm at amara hotel.

Ouch! That hurts.

Too bad, I will be in Canada on that day. But who am I kidding. Even if I would be in Sin on that day, I wouldn't have enough money to buy it. Or wouldn't have enough guts to catch falling knives.

[relax88]

Auction means to get all the interested parties to come in and bid for selected properties in the auction right

how to go, need to be invited

[proud owner]

Auction means to get all the interested parties to come in and bid for selected properties in the auction right

how to go, need to be invited

just contact any DTZ agent .... they will be happy to take you there ...

[bargain hunter]

surprise breakeven transaction from an old development with en-bloc potential, low psf and low quantum:

Cavenagh Gardens 1163 sq ft

Bought 9 Sep 2010 1204psf
Sold 24 Oct 2013 1247psf

3.6% gain.

[bargain hunter]

Cairnhill Crest #16-12 1206 sq ft

Bought 11 Jan 2006 1825psf
Sold 22 Oct 2013 1676psf

[newbie11]

So cheap.. prepare bullets for ccr

[amk]

Orchard Scotts 21 Oct 2013 3 Anthony Road #XX-XX Resale 2,336 Strata 3,620 8,456,653 HDB


HDB address did this 8.5mil. impressive hidden dragon..
(... or it's just the address of the agent ... ? )

[bargain hunter]

did u check the purchase price?

the current seller also purchased the unit at THE PREVIOUS RECORD PRICE for this project from Far East in Jul 2008. how come unusually high psf from the norm, no one say its becoz they want to decouple and record the sale at a similar price to purchase price?

the gross gain is 5.5%

this unit #19-01 is on the top floor of the premium block.

a similar sized unit in another block was sold for 18xxpsf in june. would anyone here pay double the psf?

Orchard Scotts 21 Oct 2013 3 Anthony Road #XX-XX Resale 2,336 Strata 3,620 8,456,653 HDB


HDB address did this 8.5mil. impressive hidden dragon..
(... or it's just the address of the agent ... ? )

[bargain hunter]

another barely made it st regis 2142 sq ft:

Bought 21 Nov 2006 2338psf
Sold 28 Oct 2013 2428psf

[bargain hunter]

Four Seasons

Block 12 #06-02

2260 sq ft

Bought 6 Jun 2007 2556psf
Sold 21 Oct 2013 2345psf

lost 700k off a 5m+ purchase assuming 1% agent comissions.

[bargain hunter]

Nathan Suites

926 sq ft

Bought 29 Apr 2010 2196psf
Sold 11 Oct 2013 1975psf

wah, so many pple de-coupling ah? hahahahahaha

[ekl2ekl2]

Nathan Suites

926 sq ft

Bought 29 Apr 2010 2196psf
Sold 11 Oct 2013 1975psf

wah, so many pple de-coupling ah? hahahahahaha

1975pfs is possible and may not be decoupling

[newbie11]

Nathan area is nice to stay

[bargain hunter]

was just bored and wanted to take a cheap shot at those who keep insisting that all these transactions are not losses but decoupling.

1975pfs is possible and may not be decoupling

[challenger]

was just bored and wanted to take a cheap shot at those who keep insisting that all these transactions are not losses but decoupling.

Hi, got some questions to ask about decoupling. If decoupling, do we need to lodge caveat? Can we put a price that is 10-15% below market to reduce stamp duties?

[stalingrad]

Hi, got some questions to ask about decoupling. If decoupling, do we need to lodge caveat? Can we put a price that is 10-15% below market to reduce stamp duties?

You never know. 10-15% below is probably the real market price for CCR.

[walkthetiger]

Hi, got some questions to ask about decoupling. If decoupling, do we need to lodge caveat? Can we put a price that is 10-15% below market to reduce stamp duties?

Very good question indeed.

[Laguna]

Hi, got some questions to ask about decoupling. If decoupling, do we need to lodge caveat? Can we put a price that is 10-15% below market to reduce stamp duties?

Do you think you can out smart IRAS?

[bargain hunter]

surprising loss at marina bay suites 1593sq ft #21-03

Bought 23 Dec 2009 2180psf
Sold 1 NOV 2013 2,197psf

could not cover stamp duty

[amk]

this one really good buy:

TANGLIN PARK RIDLEY PARK Condominium 10 CCR Freehold 1 2,500,000 1,765 Strata 06 to 10 1,416 Nov-13

[Werther]

this one really good buy:

TANGLIN PARK RIDLEY PARK Condominium 10 CCR Freehold 1 2,500,000 1,765 Strata 06 to 10 1,416 Nov-13

Wow, is this 1700 sq ft... I think is decoupling cos one of my friend also did the same, get the lowest valuer to quote very low to save on stamp duty.