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

[Ringo33]

Need to excuse teddybear because the bear is from the wrong side of CCR, so she wont have a clue about what is going on on the other side.

[bargain hunter]

i guess the few of us, including myself, simply have the "poorer" among the CCR mentality. LOL! while teddy is probably in another league of his own.

I totally agree with you. I live at the other end of River Valley, near Oxley Road. When Bukit Sembawang was offering the 10% discount on the remaining units of Vermont, we seriously considered getting a 3 bedroom unit for our own stay as there was not much point renting it out as the yield was not good. But after weighing the pros and cons, we decided that moving to Cairnhill while it was a posher address but was less convenient for us in all aspects. In terms of transport, we are 4 bus stops from CBD and, if required, 10 mins walk to Somerset MRT - in fact I can walk to my office. We don't drive at all during the weekdays. In terms of restaurants, Robertson Quay and Killiney Road is only a 5 min stroll. For shopping, Orchard Gateway/313 Somerset/Orchard Central/Centre Point is 10 min walk away. Traffic access: Cairnhill is a very difficult place to enter and exit and is also within the ERP gantry. River Valley is just outside the ERP Gantry and access to major roads were better. Cairnhill is pretty much jammed up during shopping time on Saturday and Sunday. Another important factor to us was the parks and a place for the outdoor running. Fort Canning in 10 mins walk and I can run by the Singapore River to Marina Bay. I can't do all these outdoor stufff in Cairnhill.

So, in the end, we decided not to purchase the unit in Vermont and decided to purchase a 2 bedder at Marina One for investment purpose. We decided that there are not many places in Singapore which can beat the overall convenience of River Valley even though it does not have the poshest address. Convenience is more important to us.

[bargain hunter]

pple atas ok. pay 1000 a month for maintenence to maintain exclusivity one hor.

different mentality from poorer pple like us.

Need to excuse teddybear because the bear is from the wrong side of CCR, so she wont have a clue about what is going on on the other side.

[mosaic]

pple atas ok. pay 1000 a month for maintenence to maintain exclusivity one hor.

different mentality from poorer pple like us.

lol to be honest I think the cairnhill area had its moments. But I think the idea of cairnhill being more posh than river valley might not hold true nowadays. Anyway from what i noticed cairnhill seems to be more popular with the older generation. i.e people in their 50s. For my circle of friends who are in the 30s river valley seems to be the preference.

[bargain hunter]

The Paterson

Sold 18 NOV 2014 63 PATERSON ROAD #20-02 2,250sq ft 1,778psf
Bought 21 MAY 2007 1,902psf

older unit and facing the road. nonetheless, a good bargain. unit was advertised for the longest time at 5m. you don't try, you won't know.

[bargain hunter]

some pictures agents who haven't realised that the unit has been sold:

http://www.propertyguru.com.sg/listi...e-the-paterson
http://www.propertyguru.com.sg/listi...e-the-paterson

or maybe this unit has been undercut by #20.

[bargain hunter]

One Tree Hill Resi

Sold 21 NOV 2014 1A ONE TREE HILL #13-01 2,454sq ft 1,569psf
Bought 31 OCT 2006 1,629psf

bargains galore at 4m and below. sellers bought before the CCR euphoria of 2007 and are willing to take some losses. buyers starting to buy higher quantum when psf looks attractive enough.

[bargain hunter]

in both the above examples, the river valley supporters would argue that there are no amenities nearby. whereas traditionally, paterson and one tree hill/grange areas had previously commanded a "prestige" premium.

[bargain hunter]

Rare losses recorded at Belle Vue

Sold 11 OCT 2014 21 OXLEY WALK #04-15 2,250sq ft 1,896psf
Bought 25 AUG 2009 1,936psf

Sold 31 OCT 2014 25 OXLEY WALK #05-23 3,897sq ft 1,500psf
Bought 13 OCT 2009 1,647psf

[Arcachon]

http://www.bloomberg.com/news/2014-1...ince-2009.html

Hedge Funds Shut as Managers Struggle in Year of Two Percent Returns

Don't know where is the money going next ?????

[stalingrad]

Rare losses recorded at Belle Vue

Sold 11 OCT 2014 21 OXLEY WALK #04-15 2,250sq ft 1,896psf
Bought 25 AUG 2009 1,936psf

Sold 31 OCT 2014 25 OXLEY WALK #05-23 3,897sq ft 1,500psf
Bought 13 OCT 2009 1,647psf

Who are still buying in CCR? Indonesian rubber barons and corrupt Chinese cadres eager to park money overseas. Singapore should really strengthen it money laundering laws.

[Werther]

The Paterson

Sold 18 NOV 2014 63 PATERSON ROAD #20-02 2,250sq ft 1,778psf
Bought 21 MAY 2007 1,902psf

older unit and facing the road. nonetheless, a good bargain. unit was advertised for the longest time at 5m. you don't try, you won't know.

Seller loss $200k, excluding stamp duties despite buying in 2009... Jialat leh. It is a fair price at $1778psf.

[bargain hunter]

Sophia Residence #09-02 1,819 sq ft

Bought 12 Apr 2010 1660psf
Sold 4 Dec 2014 1622psf

[Kelonguni]

Who are still buying in CCR? Indonesian rubber barons and corrupt Chinese cadres eager to park money overseas. Singapore should really strengthen it money laundering laws.

Add Russian barons to the list. The overnight tumble in roubles more than ABSD plus BSD.

[teddybear]

And who are buying OCR like JURONG the heavily polluted industrial town in Singapore? - Only those who can't afford CCR but want to show off that they can still afford to live in "luxury" condos?

Who are still buying in CCR? Indonesian rubber barons and corrupt Chinese cadres eager to park money overseas. Singapore should really strengthen it money laundering laws.

[bargain hunter]

Newton One

Sold 3 DEC 2014 1 NEWTON ROAD #22-02 1,808sq ft 1,825psf
Bought 11 JUL 2007 1,900psf

[august]

So CCR prices have dropped to '09 crisis level, Lol.

[teddybear]

Yes!
But OCR private property prices has just dropped like 3-5%, more to come!
Will likely drop to 2009 crisis level or near there before govt do anything to cooling measures right?! (Otherwise it smack of unfair treatment!)

So CCR prices have dropped to '09 crisis level, Lol.

[DMCK]

Yes!
But OCR private property prices has just dropped like 3-5%, more to come!
Will likely drop to 2009 crisis level or near there before govt do anything to cooling measures right?! (Otherwise it smack of unfair treatment!)

what's the 09' price for OCR?

[henryhk]

Yes!
But OCR private property prices has just dropped like 3-5%, more to come!
Will likely drop to 2009 crisis level or near there before govt do anything to cooling measures right?! (Otherwise it smack of unfair treatment!)

Don't be too hopeful, OCR price is holding well, thanks to garment early cooling measures, there are many owners who are taking 60% loan, including me.... we don't fear the market dip

[teddybear]

If those cooling measures didn't help CCR, what makes you think it will help to hold up OCR price? If can hold up, why called "cooling measures"? More like "heating measures"?
Even OCR MMs will also end up in mortgagee sales (despite so small quantum), let alone talk about OCR normal size units?

Don't be too hopeful, OCR price is holding well, thanks to garment early cooling measures, there are many owners who are taking 60% loan, including me.... we don't fear the market dip

[bargain hunter]

there's been a surprising increase in transactions of higher quantum units e.g. > $2.5m units in the past few months vs the start of the year.

[bargain hunter]

a buyer is even willing to pay 2.68m for a 2 bedder at latitude

5 DEC 2014 10 LATITUDE 35 JALAN MUTIARA #22-06 CONDOMINIUM FREEHOLD 1,324sq ft STRATA 2,024psf $2,680,000

[Werther]

I reckon due to the high floor and view, buyer willing to pay for the unit. Sometimes, such unit is hard to come by.

[bargain hunter]

Park Infinia

2 months apart and 1 floor up and what i feel is similar facing, 3 bedder bought for more than the 4 bedder:

1 DEC 2014 2A LINCOLN ROAD #26-08 RESALE 1,442sq ft STRATA 2,066psf $2,980,000 PRIVATE
13 OCT 2014 2A LINCOLN ROAD #25-10 RESALE 1,690sq ft STRATA 1,752psf $2,960,000 PRIVATE

[Newbie1]

Park Infinia

2 months apart and 1 floor up and what i feel is similar facing, 3 bedder bought for more than the 4 bedder:

1 DEC 2014 2A LINCOLN ROAD #26-08 RESALE 1,442sq ft STRATA 2,066psf $2,980,000 PRIVATE
13 OCT 2014 2A LINCOLN ROAD #25-10 RESALE 1,690sq ft STRATA 1,752psf $2,960,000 PRIVATE

Maybe stack 8 slightly better view and 26-08 may be seen as "88"

The 4 roomer good price at 1600+pfs in comparison. Did owner make a loss?

Think next door Viva hit 2500pfs last year.

[bargain hunter]

indeed, the 4 roomer was bought at a good price. the owner is a first owner, bought at only 1083psf in july 2006!

i noticed a general trend of owners well in the money taking profits recently. that's why not too many losses to report.

Maybe stack 8 slightly better view and 26-08 may be seen as "88"

The 4 roomer good price at 1600+pfs in comparison. Did owner make a loss?

Think next door Viva hit 2500pfs last year.

[art10626]

there's been a surprising increase in transactions of higher quantum units e.g. > $2.5m units in the past few months vs the start of the year.

That seems to be a very deep statement... Care to elaborate your view please, bargain hunter?

[bargain hunter]

not deep at all. and not really a view. u simply have to look at say two 5 month periods in 2014. Jan to May vs July to Nov. compare the no. of transactions which are >2.5m. you will find that there are more transactions since july and especially so in the past few months.

That seems to be a very deep statement... Care to elaborate your view please, bargain hunter?

[bargain hunter]

St Thomas Suites Duplex

Sold 10 DEC 2014 31 ST. THOMAS WALK #29-01 4,672sq ft 1,552psf
Bought 29 DEC 2010 2,213psf

30% off