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

[Royston8H]

Ya man....

That why i opted for crowdfunding in property co development project to grow my money. And wondered if there are any other good ones out there which i do not know.

Cash is King in late 2008 to early 2009........
Cash is Shit NOW until probably 2019 with value ever depreciating until then?

[bargain hunter]

hidden JAM u mean?

Thanks for the info. Agree big quantum units very hard to move with all the CMs.

Have not yet seen losses reported for MM in this thread yet.

Which dunearn road project sold for >2200pfs in 2010? Glyndebourne? That is forward pricing or maybe it is a hidden GEM.

[Singleton]

hidden JAM u mean?

Good pun

With steven and thomson line coming up at the junction, Glyndebourne may turn up better than expected.

Interesting to see if any resale will appear in this thread in the near future since record selling >2300psf in the area.

But hearsay many rich in the area bought and 150 units look exclusive.

[Heng]

Looks like reflection is stuck at 1.7k Psf range

A number of units recently at $1.5k range... see attached where units sold at loss recently : Reflections held since 2007



SOLD
ON
28 NOV 2013

5 KEPPEL BAY VIEW #05-18 ( Villa unit )
1,076 sq ft
1,579 psf sold
==============
8 OCT 2007 bought on
$1,777 psf
-213,048 LOSS
************

[DC33_2008]

This place has been selling at lower price. Wonder what happen to the taiwanese lady who did the bulk purchase. Is she selling those units?

A number of units recently at $1.5k range... see attached where units sold at loss recently : Reflections held since 2007



SOLD
ON
28 NOV 2013

5 KEPPEL BAY VIEW #05-18 ( Villa unit )
1,076 sq ft
1,579 psf sold
==============
8 OCT 2007 bought on
$1,777 psf
-213,048 LOSS
************

[hyenergix]

This place has been selling at lower price. Wonder what happen to the taiwanese lady who did the bulk purchase. Is she selling those units?

Good fengshui is not equal to good investment.

http://www.aboutsingaporeproperty.co...ate-contracts/

[Jonathan0503]

Thanks for the info. Agree big quantum units very hard to move with all the CMs.

Have not yet seen losses reported for MM in this thread yet.

Which dunearn road project sold for >2200pfs in 2010? Glyndebourne? That is forward pricing or maybe it is a hidden GEM.

Yes, got an offer for my CCR MM unit which is around 8% more than what was offered last year.

[bargain hunter]

but mostly face busy road, isn't it noisy?

Good pun

With steven and thomson line coming up at the junction, Glyndebourne may turn up better than expected.

Interesting to see if any resale will appear in this thread in the near future since record selling >2300psf in the area.

But hearsay many rich in the area bought and 150 units look exclusive.

[Singleton]

but mostly face busy road, isn't it noisy?

The big 4 bedders are facing the landed and the 2 roomers facing pool or the side road. If remember correctly, only 4 stacks of 3 roomers directly face the main road but they are separated by pool and tennis courts from the road.

have to wait till TOP to see if it is noisy.

anyone's guess if any units will make it to this thread

[Ringo33]

The big 4 bedders are facing the landed and the 2 roomers facing pool or the side road. If remember correctly, only 4 stacks of 3 roomers directly face the main road but they are separated by pool and tennis courts from the road.

have to wait till TOP to see if it is noisy.

anyone's guess if any units will make it to this thread

noisy or not depends on ones experience and expectation. If you have never experience quiet neighborhood before, then you wont complaint.

[bargain hunter]

being the TS, i feel at least 1 unit will make its way here.

i feel pool facing is not much of a buffer. main road plus its a bridge flying upwards can't be that quiet.

The big 4 bedders are facing the landed and the 2 roomers facing pool or the side road. If remember correctly, only 4 stacks of 3 roomers directly face the main road but they are separated by pool and tennis courts from the road.

have to wait till TOP to see if it is noisy.

anyone's guess if any units will make it to this thread

[amk]

being the TS, i feel at least 1 unit will make its way here.

choi new year say this kind of thing ...

this is the last successful CCR launch before CMs, we should say let's see first ok ?

[bargain hunter]

http://www.propertyguru.com.sg/listi...e-glyndebourne

who is going to buy from this motivated selller at 2.4m for 2 bedder for this location?

cheapest 2 bedder bought at 2.216m.

choi new year say this kind of thing ...

this is the last successful CCR launch before CMs, we should say let's see first ok ?

[Singleton]

http://www.propertyguru.com.sg/listi...e-glyndebourne

who is going to buy from this motivated selller at 2.4m for 2 bedder for this location?

cheapest 2 bedder bought at 2.216m.

Must wait for TOP to view as prices are best at TOP.
TOP should be anytime soon

It is stated bank valuation for this unit at around 2400pfs. As there has not been any subsale for the 2 roomers, valuation probably based on developer's sale price.

Many unsuccessful cheques were returned for the 2 room ballot, so may be there are still some waiting to buy into this project

Must say this non MM project set a record in the area in 2010

[bargain hunter]

Adria #21-05 850 sq ft

Bought 8 Dec 2010 1940psf
Sold 20 Jan 2014 1999psf.

covered 3% stamp duty only.

[kellogs]

Hi Bro Bargain Hunter,

I am curious ... did you search URA/other websites on the project which you are interested and list out the differences?

What type of criteria to be considered as a bargain? 20% than market price?

[bargain hunter]

for me, its just a hobby. haha.

check ura, squarefoot, propertyguru.

20% off the last transacted price if possible surely is a bargain rite?! but so far dun see much of it.

Hi Bro Bargain Hunter,

I am curious ... did you search URA/other websites on the project which you are interested and list out the differences?

What type of criteria to be considered as a bargain? 20% than market price?

[thomastansb]

Buy in 2010 also never earn. Really joke man...

Adria #21-05 850 sq ft

Bought 8 Dec 2010 1940psf
Sold 20 Jan 2014 1999psf.

covered 3% stamp duty only.

[bargain hunter]

the seller overpaid for the high floor premium which far east charged him in 2010.

Buy in 2010 also never earn. Really joke man...

[Singleton]

the seller overpaid for the high floor premium which far east charged him in 2010.

this 2 room unit faces SJIJ away from the cte. current sell price of 2000pfs is around market value. In 2010, maybe a fair value would be around 1700-1800pfs bec for comparison VIva 2 roomers across the road was around this price then.
So u are possibly right that the 2010 price was quite high then.

[bargain hunter]

Marina Bay Suites:

seems like kepland is cutting prices like mad:
same 01 stack 2691 sq ft:

12 Aug 2013 #48-01 3151psf 8.4786m
11 Dec 2013 #60-01 3066psf 8.25m
22 Jan 2014 #62-01 2720psf 7.32m

[august]

Adria #21-05 850 sq ft

Bought 8 Dec 2010 1940psf
Sold 20 Jan 2014 1999psf.

covered 3% stamp duty only.

Adria? IIRC this project the developer gave 2-yr 5% 'rental guarantee'. If so, there is no loss.

[bargain hunter]

ICON #18-09 581 sq ft

Bought 23 Sep 2010 1892psf
Sold 30 Dec 2013 1944psf

failed to cover 3% stamp duty.

[bargain hunter]

8 Napier:

06 stack 2777 sq ft

1 Dec 2010 #05-06 $9.3m
23 Oct 2012 #08-06 $9.3m
27 Jan 2014 #06-06 $8.4m
27 Jan 2014 #07-06 $8.6m

some discounts.

[bargain hunter]

Gallop Gables 2842 sq ft

Bought 1 Oct 2010 1622psf
Sold 23 Jan 2014 1689psf

today's highlight seems to be that Buyers who bought in 2010, are not making much money if at all.

[Ringo33]

Gallop Gables 2842 sq ft

Bought 1 Oct 2010 1622psf
Sold 23 Jan 2014 1689psf

today's highlight seems to be that Buyers who bought in 2010, are not making much money if at all.

For CCR yes, OCR 2010 buyers still be sitting on good profit.

[Jonathan0503]

ICON #18-09 581 sq ft

Bought 23 Sep 2010 1892psf
Sold 30 Dec 2013 1944psf

failed to cover 3% stamp duty.

Maybe was bought just for the rental for 3 years

[proud owner]

ICON #18-09 581 sq ft

Bought 23 Sep 2010 1892psf
Sold 30 Dec 2013 1944psf

failed to cover 3% stamp duty.

Icon Gopeng ....

outside looks ok ... inside like a dormitory ...

[hutsutau]

For CCR yes, OCR 2010 buyers still be sitting on good profit.

Same applies for landed owner

[bargain hunter]

surprise surprise,

Paterson residences buy in 2009 also lost money transaction:

#12-01 1313 sq ft

Bought 29 Dec 2009 2200psf
Sold 29 Jan 2014 2155psf