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

  1. #2281
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  2. #2282
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    Cuscaden Residences 1453 sq ft

    Bought 23 Nov 2009 2080psf
    Sold 15 Jul 2014 2133psf

    could not cover stamp duty.

  3. #2283
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    This proved that whoever said property prices gone up by >60% is wrong!
    He should be more specific - that only OCR property prices gone up by >60%!
    CCR property price like below only gone up by 2.5%!
    If they want to implement policy to deal with property price gone up by >60%, they must be more targeted and deal with the OCR properties specifically!

    Quote Originally Posted by bargain hunter View Post
    Cuscaden Residences 1453 sq ft

    Bought 23 Nov 2009 2080psf
    Sold 15 Jul 2014 2133psf

    could not cover stamp duty.

  4. #2284
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    then you had better buy before they do that!

    Quote Originally Posted by teddybear View Post
    This proved that whoever said property prices gone up by >60% is wrong!
    He should be more specific - that only OCR property prices gone up by >60%!
    CCR property price like below only gone up by 2.5%!
    If they want to implement policy to deal with property price gone up by >60%, they must be more targeted and deal with the OCR properties specifically!

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    Quote Originally Posted by bargain hunter View Post
    then you had better buy before they do that!
    Why? Before you do that, ask yourself this question: Does living in CCR confer any real advantages? The answer is clearly no. It was good to live in CCR 10-20 years ago, but not anymore. Singapore has been homogenized.

  6. #2286
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    If this is so, why is the govt so strongly concerned that OCR private property prices have gone up by >60% that they have to introduce so many cooling measures?

    You should go tell them that OCR private property prices are just "homogenizing" with CCR private property prices, and hence there is no need for all those cooling measures just because OCR private property prices have gone up by >60%!

    Quote Originally Posted by stalingrad View Post
    Why? Before you do that, ask yourself this question: Does living in CCR confer any real advantages? The answer is clearly no. It was good to live in CCR 10-20 years ago, but not anymore. Singapore has been homogenized.

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    Quote Originally Posted by teddybear View Post
    If this is so, why is the govt so strongly concerned that OCR private property prices have gone up by >60% that they have to introduce so many cooling measures?

    You should go tell them that OCR private property prices are just "homogenizing" with CCR private property prices, and hence there is no need for all those cooling measures just because OCR private property prices have gone up by >60%!
    ....hah...seem like you also knew the OCR will take longer time to receive the cooling effect....
    A bottle of Lafite '82 for all my coffeeshop friends yesterday...many don't know what is it....haha...

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    You have any suggestions? We see your complains but you don't seem to have any solution. How to target OCR only? Please enlighten us.

    I thought the HDB massive cooling measures is a good way to bring down OCR prices. Lesser gain from HDB = lesser upgrader.




    Quote Originally Posted by teddybear View Post
    This proved that whoever said property prices gone up by >60% is wrong!
    He should be more specific - that only OCR property prices gone up by >60%!
    CCR property price like below only gone up by 2.5%!
    If they want to implement policy to deal with property price gone up by >60%, they must be more targeted and deal with the OCR properties specifically!

  9. #2289
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    Then you must have not lived in CCR before. I stayed at CCR. It is a solid experience. Trust me. You stay there once, you don't feel like moving out from there.




    Quote Originally Posted by stalingrad View Post
    Why? Before you do that, ask yourself this question: Does living in CCR confer any real advantages? The answer is clearly no. It was good to live in CCR 10-20 years ago, but not anymore. Singapore has been homogenized.

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    Quote Originally Posted by thomastansb View Post
    You have any suggestions? We see your complains but you don't seem to have any solution. How to target OCR only? Please enlighten us.

    I thought the HDB massive cooling measures is a good way to bring down OCR prices. Lesser gain from HDB = lesser upgrader.
    For a start truly delink HDB from private market by disallowing holding of HDB when buying private.

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    Quote Originally Posted by august View Post
    For a start truly delink HDB from private market by disallowing holding of HDB when buying private.
    Will it lose votes?

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    Quote Originally Posted by august View Post
    For a start truly delink HDB from private market by disallowing holding of HDB when buying private.
    Go Marine Parade HDB carpark and you should know where to start.

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    Quote Originally Posted by Arcachon View Post
    Go Marine Parade HDB carpark and you should know where to start.
    The carpark is so small ... i hate to park my car there!

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    as advertised:

    Turquoise

    2 NOV 2007 55 COVE DRIVE #03-09 2,777sq ft 2,558psf $7,105,120
    22 JUL 2014 55 COVE DRIVE #03-09 2,777sq ft 1,397psf $3,880,000

    nett loss about $3.5m or close to 48%



    Quote Originally Posted by bargain hunter View Post
    wanted to post this a month ago but the forum kept going down.

    sentosa fire sales, the 2 units which were bought at the peak in 2007 for >7m are now being put up for mortgagee sale at 4m negotiable (-43%):

    http://www.propertyguru.com.sg/listi...sale-turquoise

    http://www.propertyguru.com.sg/listi...sale-turquoise

    anyone can help? 1440psf NEGOTIABLE!

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    The Clift:

    6 JUN 2014 21 MCCALLUM STREET #30-12 818 1,931 1,580,000
    11 JUN 2007 21 MCCALLUM STREET #30-12 818 2,184 1,786,512

  16. #2296
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    As I said, property prices going to crash!

    Quote Originally Posted by bargain hunter View Post
    as advertised:

    Turquoise

    2 NOV 2007 55 COVE DRIVE #03-09 2,777sq ft 2,558psf $7,105,120
    22 JUL 2014 55 COVE DRIVE #03-09 2,777sq ft 1,397psf $3,880,000

    nett loss about $3.5m or close to 48%

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    Espada #25-03 355 sq ft

    Sold 25 JUL 2014 2,646psf
    Bought 18 DEC 2009 2,588psf

    could not cover stamp duty

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    Looks like gains in CCR have been wiped out by govt measures. Will the rich people still vote for PAP in coming election? Lol

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    this one MORE power:


    ONE SHENTON 1 Shenton Way #38-06 1 84 Strata 1,200,000 14286 1327 24-JUL-2014 Apartment 99 Yrs From 14/10/2005 2011 Resale Private 01 06 068803 Central Region Downtown Core


    ONE SHENTON 1 Shenton Way #38-06 1 84 Strata 2,100,000 25000 2323 12-JAN-2011 Apartment 99 Yrs From 14/10/2005 Uncompleted Sub Sale Private 01 06 068803 Central Region Downtown Core

    3yrs drop 1k PSF??????????

    Super gd layout somemore: http://www.cdlhome.com.sg/media/5732...2-bedrooms.pdf
    Last edited by dtrax; 05-08-14 at 23:32.

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    Quote Originally Posted by august View Post
    Looks like gains in CCR have been wiped out by govt measures. Will the rich people still vote for PAP in coming election? Lol
    LOL unfortunately rich ppl like ppl here on this forum stand only 10-15% at most.

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    Quote Originally Posted by dtrax View Post
    this one MORE power:


    ONE SHENTON 1 Shenton Way #38-06 1 84 Strata 1,200,000 14286 1327 24-JUL-2014 Apartment 99 Yrs From 14/10/2005 2011 Resale Private 01 06 068803 Central Region Downtown Core


    ONE SHENTON 1 Shenton Way #38-06 1 84 Strata 2,100,000 25000 2323 12-JAN-2011 Apartment 99 Yrs From 14/10/2005 Uncompleted Sub Sale Private 01 06 068803 Central Region Downtown Core

    3yrs drop 1k PSF??????????

    Super gd layout somemore: http://www.cdlhome.com.sg/media/5732...2-bedrooms.pdf
    1.2m for ONE SHENTON 900SF? This fella die pain pain ah!

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    Quote Originally Posted by pmet View Post
    1.2m for ONE SHENTON 900SF? This fella die pain pain ah!
    Can't be la... Looks like is decoupling...

    $1,200,000 is too cheap liao.

  23. #2303
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    yeah, i also saw this one but didn't post it. looks like de-coupling. 2 bedder at 1.2m hee.

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    Quote Originally Posted by bargain hunter View Post
    yeah, i also saw this one but didn't post it. looks like de-coupling. 2 bedder at 1.2m hee.
    confirm decoupling lar.. Agents told me some are doing that.. I told my wife we will do the same thing the next time just to avoid ABSD

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    Actually if it is just decoupling, they should choose NOT to show it in the caveat.

  26. #2306
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    Yah, wonder whether heartland HDB upgraders will vote for them since OCR private property prices gone up >60% and they can't buy cheap because of ABSD and more foreigners and PRs buying in OCR to save on ABSD? They more heart-pain when they see rich folks can now buy cheap cheap in CCR while they still need to pay so much for OCR private properties? They top up another 20-35% they can buy CCR FH instead of OCR 99LH private BUT they can't afford because of the restrictive TDSR limiting them the amount they can buy!

    And wonder whether HDB owners (upgraders and non-upgraders) will vote for them since HDB resale prices crashing too and lease buy-back value will also crash!

    Quote Originally Posted by pmet View Post
    LOL unfortunately rich ppl like ppl here on this forum stand only 10-15% at most.
    Quote Originally Posted by august View Post
    Looks like gains in CCR have been wiped out by govt measures. Will the rich people still vote for PAP in coming election? Lol

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    Sold 31 JUL 2014 9 SOPHIA ROAD #08-15 2,293 1,168psf
    Bought 2 SEP 2009 1,153psf

    could not cover stamp duty.

  28. #2308
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    Quote Originally Posted by bargain hunter View Post
    Sold 31 JUL 2014 9 SOPHIA ROAD #08-15 2,293 1,168psf
    Bought 2 SEP 2009 1,153psf

    could not cover stamp duty.
    Damn scary.. huge units have difficulty renting out as well lol

  29. #2309
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    Actually seller made 40+ psf since developer gave compensation plus stamp duty rebate

  30. #2310
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    actually this is ok rite? this is actually just a 3 bedder with a roof terrace?

    Quote Originally Posted by dtrax View Post
    Damn scary.. huge units have difficulty renting out as well lol

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