some people everyday dream crash... keep clam and keep dreaming.
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a bargain which I mentioned before right here in this thread:
Waterscape #07-22 1894 sq ft
Bought 30 Jun 2010 2059psf
Sold 9 May 2014 1636psf
Gross loss 800k. -20.5%
Robinson Suites, not 1 but 2 firesales. same buyer?
both bought around 2900psf, sold at 22xxpsf.
breakeven selling
One Shenton 1141 sq ft
Bought 12 Feb 2007 1841psf
Sold 5 May 2014 1925psf
Gilstead Two
#19-04 904 sq ft
Bought 12 Aug 2010 1978psf
Sold 6 May 2014 1991psf
could not cover stamp duty.
Don't bet on it. Just recently a unit at Carabelle was sold, at $1,234 psf. The price has not budged. Most homes in OCR are occupied by owners, unlike CCR homes. CCR and OCR home prices will eventually equalize. You know what that means. CCR prices will crash to OCR levels.
i think the issue is that a lot of people today (esp the new immigrants) no longer have the same hard up as in the past for 9,10,11
they look at convenience, schools, transport, and that is why Bishan, toa payoh holds up so well. there's no baggage, no history.
Arguing with an idiot is like playing chess with a pigeon - it knocks over the pieces, craps on the board and flies back to it's flock to claim victory.
Hi EDB
Sure boh? you will choose Pasir Ris???
I will prefer River Valley anytime.....
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
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very easy. u can always ask a agent which units they can rent out faster those studio in Good location or big units in the same location. moving to a OCR bigger unit no need to wait for price to drop. Its a matter of need and choice. good location studio is always easier to move when compared in the same area becoz its rental will always be lower than the bigger units.
If a family need is space and have budget issue. OCR is the only choice.
thats why I say Studio in OCR are not tested. i always believe min 2 bedder in OCR in CCR studio is easy to rent out.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
actually what i dont get most is MMs in 9,10,11
i think MMs make perfect sense in 1,2,7 etc that kind of working district
Helios 1701 sq ft #13-05
Bought 27 Jun 2007 3070psf
Sold 12 May 2014 2781psf
The Sail #62-20 614 sq ft
Bought 26 May 2010 2689psf
Sold 2 May 2014 2543psf
Bargain hunter, thanks for the update.
It seems priced didn't drop as much as previous transactions. Does it mean those knee jerk sellers have most sold theirs... So now most of the sellers can wait, therefore, prices are not dropping as much.
personal feel: less desperate sellers and more keen buyers than earlier this year. but whether there would be an increase in desperate sellers in the 2nd half of 2014 or they have already sold, i do not know.
there has been in increase in volume in higher quantum units recently compared with the start of the year.
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
u watch kit kat advertisement before right?
every day look at propertyguru see the same ads is sian, but for a very short time, an interesting ad usually pops up and if u dun grab it, someone else will. unless u have well connected agents working for u, u will have to do all the hard work yourself. there's no short cut.
i see that within the 3 to 5m space, now and then there are interesting ads and i've highlighted a few before, these units were subsequently sold.
i'm not sure what quantum u r looking at but at < 3m, good deals are harder to come buy. e.g. good units do not come cheap and there are also fewer sellers willing to sell at a bargain.