Turquoise
Sold 24 JUL 2014 55 COVE DRIVE #02-09 2,777sq ft 1,450psf
Bought 2 NOV 2007 2,553psf
according to the edge, sold by the same vietnamese owner who also had #03-09 firesold at 3.88m.
Senior
Turquoise
Sold 24 JUL 2014 55 COVE DRIVE #02-09 2,777sq ft 1,450psf
Bought 2 NOV 2007 2,553psf
according to the edge, sold by the same vietnamese owner who also had #03-09 firesold at 3.88m.
Senior
forgot to inform the other bros here that this project's name is:
Sophia Residence
Originally Posted by bargain hunter
Junior
i only heard larger units have difficulty securing rental unless they drop their prices. Rented out mine less than 3wks after defects to a corporate tenant. Quite a number of japanese and french pple in the area as well as students
Senior
congrats! wah students so rich can rent sophia residence?
Junior
Super lol. Even got 4 holland students got budget for 6k+/mth.. but only 4months short term. I have seen another indian teenager studying arts school with 6.5k budget for 3rm.. dunno why need so large space
Senior
that's good to know.
Valued Contributor
Not a big problem. Most people are content with HDB. And most people will not want to live at CCR. So the problem is almost non-existent. Maybe investors will think paying 30% more is worth it in CCR but again, it is an extremely small percentage and investors have big pockets. So they are a happy group. So I don't see any problem at all.
The more pressing issues are always transport (still in a mess), HDB (resolved long ago) and inflation. Inflation maybe hit those lower income but it is a small % as well. CPF minimum could draw more votes away than private property prices. I don't even see TRS or TOC writing articles on private properties so the complaint trend of housing has died off.
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!
Ultimate Underdog
I don't think our voters are so narrow minded and vote out the govt just because cannot upgrade. A huge percent of HDB residents are happy where they are. This huge percent already can constitute majority in SG. I agree with Thomastansb that housing is no longer an issue as most will have gotten their BTOs or resale.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!
Other issues like elitism in schools, alternative non mainstream views etc are more pressing issues to tackle.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Senior
Glad to know that my tenant decided to renew his corporate lease yesterday. Did not ask for reduction in rent and always pays on time.
Junior
Yah alot of jap expats on corporate lease these days surprisingly. The senior VP of a big jap bank secure my unit the very next day on viewing
Newbie
Wow 7 years,with opportunity/interest foregone at 5% , its another $5 mio or so.....
Senior
Marina Bay Residences #14-02 1130 sq ft
Bought 11 Jul 2007 2000psf
Sold 8 Aug 2014 1947psf
Senior
Orchard Scotts
Bought 17 MAY 2010 7 ANTHONY ROAD #09-28 2,110 sq ft 2,080psf $4,388,000
put up for mortgagee sale by colliers, any takers?
Senior
Estilo
Bought 3 SEP 2007 71 WILKIE ROAD #05-01 495sq ft 1,705psf $844,074
also put up for mortgagee sale by colliers.
anyone can help?
Senior
The Coast
Sold 11 AUG 2014 278 OCEAN DRIVE #07-13 2,024sq ft 1,900psf
Bought 27 JUL 2007 2,020psf
Senior
Oceanfront
Sold 8 AUG 2014 293 OCEAN DRIVE #02-17 1,711sq ft 1,578psf
Bought 20 SEP 2010 1,753psf
Senior
Reflections
Sold 7 AUG 2014 25 KEPPEL BAY VIEW #09-78 840sq ft 1,465psf
Bought 6 JUN 2013 1,548psf
pay SSD until face green green?!
Senior
indicative price is $3.5m. -20.2%.
Senior
Word on the street (The Edge) is ARA has sold 12 of its final 13 units in Grange Infinite to an indonesian at 2100psf. Ave purchase price was 2600psf. Final unit is super penthouse 9,462 sq ft penthouse asking for $20m.
Global recession is coming....
Wow! This Indonesian must be having the last laugh! Bought at almost 20% below ARA purchased price! Prove that property prices have crashed!
Those who have holding power will win!
See all those CCR firesales? They are benefiting the truly rich immersely!
Senior
after 2007 crash, ARA thought they had a good deal buying at 2600psf.
Grange Inifinite had 68 units. the first 15 units were sold at 3025 to 3292psf, mostly (13) at around 3200psf in sep 07.
ARA then took 49 units at:
7 MAR 2008 27 GRANGE ROAD #33-01/02 ETC NEW SALE 128,608 STRATA 2,667 343,021,350 PRIVATE
2667psf for standard units. + 4 penthouses:
7 MAR 2008 27 GRANGE ROAD #35-01 NEW SALE 5,436 STRATA 1,900 10,328,400 PRIVATE
7 MAR 2008 27 GRANGE ROAD #34-01 NEW SALE 5,339 STRATA 1,900 10,144,100 PRIVATE
7 MAR 2008 27 GRANGE ROAD #36-01 NEW SALE 9,462 STRATA 1,573 14,882,300 PRIVATE
7 MAR 2008 27 GRANGE ROAD #20-03 NEW SALE 6,039 STRATA 1,750 10,568,250 PRIVATE
hmm, based on my calculation, ARA bought 145,422 sq ft (excluding the 9462 sq ft PH) at 2572psf.
So the indonesian took 9 standard units and 3 penthouses at 2100psf.
The only unit left to sell is #36-01, asking for $20m.
Wow! This Indonesian must be having the last laugh! Bought at almost 20% below ARA purchased price! Prove that property prices have crashed!
Those who have holding power will win!
See all those CCR firesales? They are benefiting the truly rich immersely!
Ultimate Underdog
I suppose ARA may have the last laugh buying back below 2kpsf. Hehe only dreaming, need ebola level disaster for that.Wow! This Indonesian must be having the last laugh! Bought at almost 20% below ARA purchased price! Prove that property prices have crashed!
Those who have holding power will win!
See all those CCR firesales? They are benefiting the truly rich immersely!
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Newbie
Senior
So ARA didn't succeed in the suit? ARA couldn't flip out at a profit hence cried foul?
Newbie
ARA lost the case twice in their bid to suspend the remaining payment to Chip Eng Seng, but i'm not sure if they eventually succeeded in claiming some damages back.
http://www.stproperty.sg/articles-pr...-units/a/72333
Senior
helios residences
no prior caveat lodged, but i think its this unit:
http://www.propertyguru.com.sg/listi...ios-residences
#07-01
11 AUG 14
1,668 SQFT
$2,665 PSF
$4,446,000
as reference:
#08-01
25 JAN 13
1,668 SQFT
$3,545 PSF
$5,914,500
#06-01
24 MAR 14
1,668 SQFT
$2,990 PSF
$4,988,000
Last edited by bargain hunter; 26-08-14 at 20:25.
Senior
hmm, maybe not that advertised unit, as the unit size is different. but the prices of 06, 07 and 08 varied by so much within a year.
Global recession is coming....
Even if Ebola disaster strike ARA also got no chance to buy back cheaper because they already sold at the absolute possibly lowest price that anybody in distress will need to sell at such price! People who can hold will not sell at such cheap price, Ebola disaster happening or not............
Newbie
Any reason why Helios can command much higher price than Vermont?
Newbie
Have been reading up on projects at cairnhill area. Seems that the psf range is wide though projects are around the same age and the distance between them is probably less than 5 mins walk apart. Also curious why some are priced so much higher than the rest. As per what some have mentioned, if we can find any new projects priced around $2k to $2300psf at cairnhill area, it is quite a safe buy?
A newbie to the forum. Hope to get some views from the experts here. Thanks.
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