Not exactly a central location and the views are not superb to command the current selling price....maybe it just my opinion...Originally Posted by DC33_2008
Newbie
Not exactly a central location and the views are not superb to command the current selling price....maybe it just my opinion...
"How to make a fool useful for your properties? Let him continue to blow up Jurong prices and all other areas will keep up"
Newbie
But somehow, reflection seems to be the only development next to the sea and can have evening walk on the boardwalk. Very romantic. And looking at the yachts...wow.
It is iconic. Compared with coral, why coral can command above $2k psf?
Newbie
Maybe corals nearer to mrt, vivo and maybe better view and nearer to the sea
Global recession is coming....
Who want to buy such big units with ABSD?
Now everybody knows big units little sale market because of ABSD,
little market because most expats allowance have shrunk!
Global recession is coming....
Wah! Property price has crashed!!!
Who said property price won't crash?!
Junior
Wah! Property price has crashed!!!
Who said property price won't crash?!
Don't worry, the government will not sit idle when the market crashes left and right. They will remove all the cooling measures before we know it.
Global recession is coming....
Frankly speaking, history tells us that they will fail again!
The fact is, they have done that before, allowing developers to introduce all the "heating up" measures and easy loan policies like deferred payment schemes, cash-backs, cash-vouchers and even lucky draw is a Mercedes Benz etc and it still takes more than 7 years for property prices to start to recover (e.g. 1998 to 2005)!
The only difference this time is that the property crash is caused by govt's cooling measures, while previously it was caused by gloabal economic crisis (not the fault of govt)........
Junior
its already a strong sign, when nobody wants it time to buy buy buy : )Who want to buy such big units with ABSD?
Now everybody knows big units little sale market because of ABSD,
little market because most expats allowance have shrunk!
too bad I dont have this kind of money...: (
Global recession is coming....
Too bad most people don't want to pay ABSD because after you add ABSD actually still not cheap!
Price will need to go down another 15% to cover the ABSD to be worth it!
Newbie
During those times, gov had helped many people richer, especially property agents and developers, and had created so many millionaires; these people should learn to thank gov at least. Nowadays, gratitude anymore?
A bottle of Lafite '82 for all my coffeeshop friends yesterday...many don't know what is it....haha...
Junior
these people prospered, so did the gov.
but the minute the gov create an artificial correction i think these people will show their displeasure at the ballot box... what gratitude? lol
Junior
I understand 饮水思源。though im not rich, im still grateful.
Newbie
Good point.. "if people prospered, so did the gov"... If money is everything, then why they implement something which reduce their earning?
... the gov understands what is a long or short term benefit, gov still cares for its people.
A bottle of Lafite '82 for all my coffeeshop friends yesterday...many don't know what is it....haha...
Global recession is coming....
Implement something to reduce its earnings? Not like it when they implemented ABSD that increases their earnings and disadvantage the desperate property sellers who need to sell their properties to cash out because of TDSR (another of their creation!)!
Senior
LOL.. TDSR how is that going to impact existing owners? unless u decide u want to keep repricing ur loan? I don't see who that disadvantage the existing owners except prevent the existing owners from asking even higher prices and getting more greedy.Implement something to reduce its earnings? Not like it when they implemented ABSD that increases their earnings and disadvantage the desperate property sellers who need to sell their properties to cash out because of TDSR (another of their creation!)!
“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
Newbie
Like that from now on, only people who are rich and has rich parents will be able to buy additional investment.
So the circle of rich people with more than 1 properties will be an exclusive club
Junior
Yes! Let's aspire and join this exclusive club : )Like that from now on, only people who are rich and has rich parents will be able to buy additional investment.
So the circle of rich people with more than 1 properties will be an exclusive club
Global recession is coming....
We all know that TDSR stopped many leveraged property owners from refinancing, stuck with higher interest loans that they can't get out, and when they want to sell, they have few buyers because buyers who have the $$$ don't want to pay ABSD unless sellers absorb that 15% ABSD.... These people have been hit hard by ABSD+TDSR is a undeniable fact..........
Never mind, then you see developers giving ABSD rebates to buyers who need to pay ABSD, is like helping those buyers on ABSD-evasion......
Tax evasion not OK, ABSD-evasion OK? Then what is the point of implementing ABSD?
Implement something to reduce its earnings? Not like it when they implemented ABSD that increases their earnings and disadvantage the desperate property sellers who need to sell their properties to cash out because of TDSR (another of their creation!)!
Senior
First the World need to stop printing money, which none can stop.
With money printing, the value of money become lesser.
Anywhere in the World have zero inflation?
Anyone who working is willing to get less pay?
Can Singapore grow it land?
Junior
Getting desperate, Teddy? You have my sympathy.We all know that TDSR stopped many leveraged property owners from refinancing, stuck with higher interest loans that they can't get out, and when they want to sell, they have few buyers because buyers who have the $$$ don't want to pay ABSD unless sellers absorb that 15% ABSD.... These people have been hit hard by ABSD+TDSR is a undeniable fact..........
Never mind, then you see developers giving ABSD rebates to buyers who need to pay ABSD, is like helping those buyers on ABSD-evasion......
Tax evasion not OK, ABSD-evasion OK? Then what is the point of implementing ABSD?
Global recession is coming....
Yes, I am getting desperate for more property cooling measures to buy CHEAP CHEAP since my non-property asset is growing too fast and I want to diversify from my cash holdings...........
Property price quick CRASH!
Senior
Ok it will crash soon, but first you must wait for Durian to drop.
Last edited by Arcachon; 28-07-14 at 22:48.
Senior
Senior
do u or anyone else have a chart which shows the CCR completions over the same few years? i remembered seeing one many years back but could not find it any more. i do not know the exact statistics for CCR, but my feel is that the 2014 to 2018 supply in pipeline is more flattish than the total one which shows spikes in 2015 and 2016.
the request for a ccr chart is becoz teddy is beo-ing ccr ppties.and also becoz this thread is about ccr.
Global recession is coming....
Backup with more facts from others that shows that Singaporean property owners have been squeezed by TDSR and ABSD:
Q. The number of mortgagee sales at property auctions in the first quarter has surged compared with last year. Do you see that as an important sign for the slowdown of the property market?
A. For Knight Frank, the total number of properties put up for auction has risen by 12.1 percent year-on-year. Majority of them are residential properties, followed by industrial properties and shops or shophouses.
The data shows an upward trend of landed properties being put up for auction. Their relatively higher value has made it increasingly difficult for landed homeowners to service their mortgage payments, especially after the introduction of the Total Debt Servicing Ratio (TDSR) framework.
In fact, the number of mortgagee sales has increased 33 percent in the first half of this year. The volume of properties successfully sold under auction has also increased 66.7 percent year-on-year in Q2 2014.
In particular, the higher success rate of properties sold under owner’s sale implies that owners are now more realistic in their asking prices to meet the reduced budget of potential buyers.
Q. Lastly, how do you see the future of the property auction market for the rest of the year?
A. Under the property cooling measures and the TDSR framework, more properties are expected to be put up for auction for mortgagee sale in 2H2014.
In view of a prevailing buyers’ market, genuine sellers keen to dispose their properties should adopt a more realistic pricing strategy as potential buyers waiting on the sidelines are anticipating more price moderations.
We all know that TDSR stopped many leveraged property owners from refinancing, stuck with higher interest loans that they can't get out, and when they want to sell, they have few buyers because buyers who have the $$$ don't want to pay ABSD unless sellers absorb that 15% ABSD.... These people have been hit hard by ABSD+TDSR is a undeniable fact..........
Never mind, then you see developers giving ABSD rebates to buyers who need to pay ABSD, is like helping those buyers on ABSD-evasion......
Tax evasion not OK, ABSD-evasion OK? Then what is the point of implementing ABSD?
Newbie
Not sure if there is such a chart out there for CCR, but i do agree with you that CCR is almost flat throughout 2014 to 2018. In fact, there are not much units coming on.do u or anyone else have a chart which shows the CCR completions over the same few years? i remembered seeing one many years back but could not find it any more. i do not know the exact statistics for CCR, but my feel is that the 2014 to 2018 supply in pipeline is more flattish than the total one which shows spikes in 2015 and 2016.
the request for a ccr chart is becoz teddy is beo-ing ccr ppties.
Just my wild guess, the next batch of residential planning in CCR will come after the Tanjong Pagar port is relocated.
Those bought into developments such as Marina one, Capitol residences, South Beach, Duo, Guccoland tower, will look to divest once the newer upscale area in Tanjong Pagar port is planned. That's about 10-15 years away, just nice for those 99 years developments mentioned... Those holding onto The Sail and etc, are already divesting to the upcoming developments. They are passing the musical chair and see who warms the seat last.
Anyway, the above is only my wishful thinking
"How to make a fool useful for your properties? Let him continue to blow up Jurong prices and all other areas will keep up"
Senior
do u or anyone else have a chart which shows the CCR completions over the same few years? i remembered seeing one many years back but could not find it any more. i do not know the exact statistics for CCR, but my feel is that the 2014 to 2018 supply in pipeline is more flattish than the total one which shows spikes in 2015 and 2016.
the request for a ccr chart is becoz teddy is beo-ing ccr ppties.
https://www.dropbox.com/s/mnw4vqegci...6572035754.PDF
Senior
thanks bro! so the CCR TOP party is right now and peaks next year.
Global recession is coming....
So, please don't buy CCR! [Don't come to fight with me for good unit.........]
Senior
BIG UNIT..........1 bedders also kenna
1st loss recorded at Altez
#15-01 603 sq ft
Bought 12 Mar 2010 1815psf
Sold 15 Jul 2014 1792psf
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