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

[bargain hunter]

Price cuts have worked for Hilltops as well:

#03-08
3 FEB 15
1,335 SQFT
S$ 3,147 PSF
S$ 4,200,000

vs

#02-08
3 MAY 12
1,335 SQFT
S$ 3,581 PSF
S$ 4,780,000

[bargain hunter]

Parvis

no loss to report, instead:

Sold 30 JAN 2015 16 HOLLAND HILL #11-12 1,991sq ft 1,958psf
Bought 10 DEC 2009 1,507psf gross profit $900,000

is this location considered good? 3.9m for a 4 bedder over here?

not much discount off the record for the next door unit on 19 OCT 2012 16 HOLLAND HILL #11-13 SUB SALE 1,991sq ft STRATA 2,059psf $4,100,000 PRIVATE

also, this is not the only transaction at Parvis:

a penthouse:

Sold 21 JAN 2015 18 HOLLAND HILL #12-19 2,788sq ft 1,811psf
Bought 1 APR 2010 1,496psf Gross profit $880,000

set the record for the most expensive unit (by quantum) ever transacted for this project.

why the sudden interest in this project? wouldn't a project like say, waterfall gardens be equally attractive?

[bargain hunter]

the same cannot be said for sentosa:

The Coast

30 JAN 2015 280 OCEAN DRIVE #02-02 2,626sq ft 1,190psf
Bought 8 MAR 2007 1,653psf

anybody want to help with this unit just 2 doors away?

seller bought at: 22 JUN 2011 280 OCEAN DRIVE #02-04 2,357 1,700psf $4,006,900

probably can low ball and try at the last caveat's quantum.

http://www.propertyguru.com.sg/listi...t-sentosa-cove

[Werther]

Parvis

no loss to report, instead:

Sold 30 JAN 2015 16 HOLLAND HILL #11-12 1,991sq ft 1,958psf
Bought 10 DEC 2009 1,507psf gross profit $900,000

is this location considered good? 3.9m for a 4 bedder over here?

not much discount off the record for the next door unit on 19 OCT 2012 16 HOLLAND HILL #11-13 SUB SALE 1,991sq ft STRATA 2,059psf $4,100,000 PRIVATE

also, this is not the only transaction at Parvis:

a penthouse:


Sold 21 JAN 2015 18 HOLLAND HILL #12-19 2,788sq ft 1,811psf
Bought 1 APR 2010 1,496psf Gross profit $880,000

set the record for the most expensive unit (by quantum) ever transacted for this project.

why the sudden interest in this project? wouldn't a project like say, waterfall gardens be equally attractive?

Must say Parvis has class on its own.... Nice pool, units are far from one another and big nice grounds. I go Parvis weekly as got close relative stays there. But out of my budget range....

[Werther]

the same cannot be said for sentosa:

The Coast

30 JAN 2015 280 OCEAN DRIVE #02-02 2,626sq ft 1,190psf
Bought 8 MAR 2007 1,653psf

anybody want to help with this unit just 2 doors away?

seller bought at: 22 JUN 2011 280 OCEAN DRIVE #02-04 2,357 1,700psf $4,006,900

probably can low ball and try at the last caveat's quantum.

http://www.propertyguru.com.sg/listi...t-sentosa-cove

Wa, didn't expect the coast to go to 1190psf, so low? Market really crashing!

Possible to be decoupling too? Unbelievable.

[proud owner]

Parvis

no loss to report, instead:

Sold 30 JAN 2015 16 HOLLAND HILL #11-12 1,991sq ft 1,958psf
Bought 10 DEC 2009 1,507psf gross profit $900,000

is this location considered good? 3.9m for a 4 bedder over here?

not much discount off the record for the next door unit on 19 OCT 2012 16 HOLLAND HILL #11-13 SUB SALE 1,991sq ft STRATA 2,059psf $4,100,000 PRIVATE

also, this is not the only transaction at Parvis:

a penthouse:

Sold 21 JAN 2015 18 HOLLAND HILL #12-19 2,788sq ft 1,811psf
Bought 1 APR 2010 1,496psf Gross profit $880,000

set the record for the most expensive unit (by quantum) ever transacted for this project.

why the sudden interest in this project? wouldn't a project like say, waterfall gardens be equally attractive?

Condos on Holland hill have their charms .....

pretty private enclave ...

Parvis i dont like the entrance ..... its grand ... but very inconvenient for visitors ... need to pull your car over to the side ... walk to guard post to register and walk back ...

situated on a downslope ... not much wind ...

[bargain hunter]

could be de-coupling, but the accompanying ad shows that the price is not that far off. the other unit is smaller in size, also 4 bedder but bargain a bit maybe can get at similar quantum?

Wa, didn't expect the coast to go to 1190psf, so low? Market really crashing!

Possible to be decoupling too? Unbelievable.

[bargain hunter]

i understand the charm that you guys have mentioned. to me, its something like what you said, not the most convenient place to get in and out.

Condos on Holland hill have their charms .....

pretty private enclave ...

Parvis i dont like the entrance ..... its grand ... but very inconvenient for visitors ... need to pull your car over to the side ... walk to guard post to register and walk back ...

situated on a downslope ... not much wind ...

[teddybear]

Usually, those properties which people said "exclusive", with "charm" generally also means "not convenient" lah!

i understand the charm that you guys have mentioned. to me, its something like what you said, not the most convenient place to get in and out.

[mosaic]

Parvis

no loss to report, instead:

Sold 30 JAN 2015 16 HOLLAND HILL #11-12 1,991sq ft 1,958psf
Bought 10 DEC 2009 1,507psf gross profit $900,000

is this location considered good? 3.9m for a 4 bedder over here?

not much discount off the record for the next door unit on 19 OCT 2012 16 HOLLAND HILL #11-13 SUB SALE 1,991sq ft STRATA 2,059psf $4,100,000 PRIVATE

also, this is not the only transaction at Parvis:

a penthouse:

Sold 21 JAN 2015 18 HOLLAND HILL #12-19 2,788sq ft 1,811psf
Bought 1 APR 2010 1,496psf Gross profit $880,000

set the record for the most expensive unit (by quantum) ever transacted for this project.

why the sudden interest in this project? wouldn't a project like say, waterfall gardens be equally attractive?

I don t see anything great in this project at all actually. At that price point there re alot of better projects out there. buy at $1500+ psf can offload to another sucker at $1800-1900+psf, hats off to them.

[proud owner]

Usually, those properties which people said "exclusive", with "charm" generally also means "not convenient" lah!

generally you are quite right ...


but i do know of many Charming and exclusive houses or condos that are also convenient to get in and out of ...


One example ...
the terraces at Chip Bee garden are Exclusive and Charming ... and very convenient ...

[teddybear]

Ok didn't immediately recall about that.

Oh by the way, those landed terrace houses tucked behind are quite small and the roads always very packed with vehicles parked on both sides (seems like most owners don't have space to park in their small garage and hence most parking outside their houses), give me a feeling that it looks like a slum....
Just didn't give me the luxury feeling that a landed private properties enclave should give.........

generally you are quite right ...


but i do know of many Charming and exclusive houses or condos that are also convenient to get in and out of ...


One example ...
the terraces at Chip Bee garden are Exclusive and Charming ... and very convenient ...

[HP65]

Ok didn't immediately recall about that.

Oh by the way, those landed terrace houses tucked behind are quite small and the roads always very packed with vehicles parked on both sides (seems like most owners don't have space to park in their small garage and hence most parking outside their houses), give me a feeling that it looks like a slum....
Just didn't give me the luxury feeling that a landed private properties enclave should give.........

Actually most of those chip bee gardens landed are not owned privately. Rather, they are managed by SLA and can be rented at `just' $4000-odd' per month. Hardly luxury if you asked me, so you are right. Those who park there along the road outside the houses are mostly restaurant customers (Original Sin, Michelangelo etc).

Exclusive and convenient? How about 1 Tree Hill, Tupai, Rochalie Dr landed?

[Kelonguni]

Actually most of those chip bee gardens landed are not owned privately. Rather, they are managed by SLA and can be rented at `just' $4000-odd' per month. Hardly luxury if you asked me, so you are right. Those who park there along the road outside the houses are mostly restaurant customers (Original Sin, Michelangelo etc).

Exclusive and convenient? How about 1 Tree Hill, Tupai, Rochalie Dr landed?

Govt recently announced I think these landed rental will be subject to bidding instead of fixed at 4k plus.

Maybe Maidstone? Quite good location, hardly any cars, very sizeable units!

[proud owner]

the white terraces are managed by SLA ...those are charming

the landed ... semi ds further in are private ... even those near the ACS Intl .... those are good location and convenient


One tree hill is good too ... but shadowed and surrounded by condos ...

Rochalie of course lah PM lives there wor ...

[bargain hunter]

mortgagee sale #17-03 The Grange 4 bd 2303sq ft, i saw an advert by JLL auction asking 18xxpsf only. though advert below is 19xxpsf. they may be trying to attract more people to come in and bid up the property. maybe bullman or others can consider.

http://www.propertyguru.com.sg/listi...ale-the-grange

Seller bought 2 MAY 2008 3 GRANGE GARDEN #17-03 2,303sq ft 2,692psf $6,200,000

[bargain hunter]

not a loss, but could be a cut in price by developer vs 8 years ago:

One Shenton

#42-02
3 FEB 15
1,572 SQFT
S$ 2,011 PSF
S$ 3,160,000

vs

#39-02
14 FEB 07
1,582 SQFT
S$ 2,438 PSF
S$ 3,857,490

[bargain hunter]

Sophia Resi

Sold 13 FEB 2015 5 SOPHIA ROAD #06-02 1,819sq ft 1,490psf
Bought 22 SEP 2009 1,463psf

1.85% gross gain but prob got more back from developer compensation?

this unit should be beside peace mansion carpark?

[bargain hunter]

Sophia Resi

Sold 12 FEB 2015 9 SOPHIA ROAD #02-20 904sq ft 1,535psf
Bought 4 AUG 2009 1,593psf

[bargain hunter]

Cairnhill Crest

Sold 11 FEB 2015 2 CAIRNHILL CIRCLE #17-06 1,970sq ft 1,853psf
Bought 19 MAR 2006 2,084psf

Not sure why anyone would pay 2084psf in Mar 2006 for a unit at cairnhill crest though.

[bargain hunter]

Newton One

12 FEB 2015 1 NEWTON ROAD #25-03 2,411sq ft 1,866psf
Bought 4 JUL 2007 1,850psf

[bargain hunter]

St Regis

#11-01
10 FEB 15
2,153 SQFT
S$ 2,276 PSF
S$ 4,900,000

no prior transaction for this caveat. lowest psf launched in the stack was 2346psf in Jul 06. 2009 low was 2200psf.

[bargain hunter]

wow, big quantum units, really picking up as bro bullman has mentioned:

Marina Bay Resi
Sold 13 FEB 2015 18 MARINA BOULEVARD #39-10 2,368sq ft 3,150psf
Bought 11 JAN 2007 2,027psf

huge gains for seller.

someone also paid 700+k more for #38 for a caveat lodged on the same day (Friday the 13th).

#38-10
13 FEB 15
2,368 SQFT
S$ 3,450 PSF
S$ 8,169,600

[Werther]

Cairnhill Crest

Sold 11 FEB 2015 2 CAIRNHILL CIRCLE #17-06 1,970sq ft 1,853psf
Bought 19 MAR 2006 2,084psf

Not sure why anyone would pay 2084psf in Mar 2006 for a unit at cairnhill crest though.

Bro bargain

You don't like cairnhill crest? I thought 1722 sq ft has got good layout and manage to squeeze a 4th bedroom, but I don't HV a $3.x budget now. Sigh

[bargain hunter]

nope, what i meant was, 2006 mar, the market price for a unit there should not be 2084psf.

for the same stack, 18-06 sold on valentine's day 06 at 1844psf. and 15-06 at 1802psf on 6th mar 06. so i don't know why 17-06 so special buy at 2084psf. 13% premium over the highest psf.

perhaps it was like far east, some form of 5% rental guarantee for 4 years kind of deal? lol.

Bro bargain

You don't like cairnhill crest? I thought 1722 sq ft has got good layout and manage to squeeze a 4th bedroom, but I don't HV a $3.x budget now. Sigh

[bargain hunter]

Updates from Jones Lang Laselle Auction

#17-03 The Grange 2303 sq ft Asked $4.3m Open 4.1m, SOLD 4.15m 1802psf. bro bullman, were u the buyer?

Seller bought on 2 MAY 08 $ 6,200,000. 33.1% gross loss. ironically, the seller bought from someone who bought it at 4.15m on 20 Oct 2006. one full circle and we r back at oct 2006 prices.

#22-01 Twin Regency 1776 sq ft Asked 2.45m Open 2.2m SOLD 2.3m 1295psf.

#11-15 The Laurels 1302 sq ft Asked 3.3m Open 2.8m, withdrawn after being bid up to 2.94m as it is below the reserve price. Mortgagee seller bought on 16 APR 2010 $3,851,316. bank unwilling to accept 23.7% discount.

[bargain hunter]

Four Seasons Park

Sold 16 FEB 2015 12 CUSCADEN WALK #18-02 3,821sq ft 2,486psf
Bought 11 APR 2013 2,879psf

pay SSD until siao?!

[bargain hunter]

Beaufort on Nassim

Sold 16 FEB 2015 12 NASSIM ROAD #03-01 1,367sq ft 3,109psf
Bought 3 OCT 2007 3,600psf

30 unit project. 7 loss making : 0 profitable transactions

[bullman]

Updates from Jones Lang Laselle Auction

#17-03 The Grange 2303 sq ft Asked $4.3m Open 4.1m, SOLD 4.15m 1802psf. bro bullman, were u the buyer?

Seller bought on 2 MAY 08 $ 6,200,000. 33.1% gross loss. ironically, the seller bought from someone who bought it at 4.15m on 20 Oct 2006. one full circle and we r back at oct 2006 prices.

#22-01 Twin Regency 1776 sq ft Asked 2.45m Open 2.2m SOLD 2.3m 1295psf.

#11-15 The Laurels 1302 sq ft Asked 3.3m Open 2.8m, withdrawn after being bid up to 2.94m as it is below the reserve price. Mortgagee seller bought on 16 APR 2010 $3,851,316. bank unwilling to accept 23.7% discount.

I was there as well and was very tempted to bid, given the lack of bidding strength. However, the ABSD was too bitter a pill to bite. Setting my sights on the auction for the Killiney PH. Looks like an even better deal.

[bargain hunter]

if we look at the caveats, can see that units which are private treaty can easily command better prices. yet, when its mortgagee auction time, everybody seems to hold back, why is that so? good deals pple like to pass, yet pay more when negotiating with sellers who are less willing to sell at private treaty?

but both units which are sold cheaply are facing construction directly. buyer has to either bear with the noise to stay there or accept low rental and/or have difficulty renting out.

RESIDENCES @ KILLINEY

19 JAN 2010 147 KILLINEY ROAD #10-03 NEW SALE 5,059sq ft STRATA 1,550psf $7,841,450 PRIVATE

20% off is $6.2m. Advertisements are at $6.98m and it has been on the list for a long time. Seller (bank) doesn't seem very urgent to sell?

I was there as well and was very tempted to bid, given the lack of bidding strength. However, the ABSD was too bitter a pill to bite. Setting my sights on the auction for the Killiney PH. Looks like an even better deal.