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

[stalingrad]

2 losses at the sail:

Sold 31 MAR 2015 2 MARINA BOULEVARD #XX-XX 1,798sq ft 1,992psf
Bought 4 MAY 2011 2,503psf

Sold 2 APR 2015 6 MARINA BOULEVARD #XX-XX 614sq ft 2,037psf
Bought 24 JUN 2008 2,227psf

Who was the forumer that used to lived at the Sail and couldn't stop bragging about how good it was to be living there? He likes to put down everyone who is not Chinese, and like to sound like an expert on everything. What was his handle?

[bargain hunter]

can't remember. was it j-dog or something?

Who was the forumer that used to lived at the Sail and couldn't stop bragging about how good it was to be living there? He likes to put down everyone who is not Chinese, and like to sound like an expert on everything. What was his handle?

[bargain hunter]

interestingly, the DUO Residences caveat which I've reported on has been removed from both squarefoot and URA sites. hmm...

I am not an expert on this but I think the name cannot be transferred without incurring SSD, regardless of the structuring. Even with water-tight documentation, the buyer is taking a big risk paying for everything when the title is ultimately not transferred. Maybe some conveyance specialist can share regarding this topic?

[bargain hunter]

The Grange:

Following:

Sold 26 FEB 2015 3 GRANGE GARDEN #XX-XX 2,303sq ft 1,802psf
Bought 2 MAY 2008 2,692psf

we have:

Sold 27 MAR 2015 1 GRANGE GARDEN #XX-XX 2,282sq ft 2,279psf
Bought 19 AUG 2009 2,213psf

My question is, why didn't this 2nd buyer buy at the auction which was virtually uncontested? different facing worth $1m? both units are quite similar in sized standard 4 bedroom units at this project.

[bargain hunter]

Belle Vue

SOLD 6 APR 2015 25 OXLEY WALK #XX-XX 2,271sq ft 1,673psf
BOUGHT 17 JUL 2009 1,847psf

[sherlock]

Dear Bargain Hunter,

Can a caveat be `un-lodged' after it's been lodged in a public site? interesting...

[bargain hunter]

St Regis

Sold 6 APR 2015 31 TANGLIN ROAD #XX-XX 3,757sq ft 2,050psf
Bought 15 JUN 2006 2,333psf

[bargain hunter]

Can a caveat be `un-lodged' after it's been lodged in a public site? interesting...

http://www.aboutsingaporeproperty.co...-a-price-fall/

so could my earlier speculation be correct? the seller's name remained but whatever deal he did with someone who lent him some money caused a caveat to be lodged by the lender who wanted to stake his interest in this unit?

[sherlock]

http://www.aboutsingaporeproperty.co...-a-price-fall/

so could my earlier speculation be correct? the seller's name remained but whatever deal he did with someone who lent him some money caused a caveat to be lodged by the lender who wanted to stake his interest in this unit?

You could well be right on this but it also seem a bit weird that the seller is able to repay it in such a short span of time.

So next time you lend someone $$ make sure you lodge a claim on his/her property

[Arcachon]

Dear Bargain Hunter,

Can a caveat be `un-lodged' after it's been lodged in a public site? interesting...

[email protected]
10/26/07

to me
Customer Name :
ID Number :
Email Address : xx
Contact Numbers :
Feedback Received Date : 24/10/2007

Dear Mr

Thank you for your feedback. We have investigated and confirmed that the caveat of this unit at Southbank was lodged after the sub-purchaser signed fresh agreement with the developer. However, in lodging the caveat, the sub-purchaser quoted the price paid by the original purchaser instead of the sub-sale price. We have therefore removed the record since it does not reflect the actual transaction price. We apologise for any inconvenience caused.


Regards
Customer Support, Property Research Section
tel: +65 6329-3357 / +65 6321-8015
fax: +65 6321-6596

Urban Redevelopment Authority § Property Research Section § Privileged/Confidential information may be contained in this message. If you are not the intended recipient, you must not copy, distribute or use it for any purpose, nor disclose its contents to any other person. Please notify the sender immediately if you receive this in error § Check out our website at http://www.ura.gov.sg

----------------------------------------------------------------

Your earlier feedback received on 24/10/2007 :

Is there a mistake on the unit price on Sep-07 for SouthBank Apartment for 583 $psf.

Floor Area (Sqft) Unit Price ($psf) Date
904 527,000 583 Sep-07
SOUTHBANK NORTH BRIDGE ROAD Apartment

[bargain hunter]

i doubt the "seller" has paid back. its more like ura realised that its not a real caveat and removed it?

You could well be right on this but it also seem a bit weird that the seller is able to repay it in such a short span of time.

So next time you lend someone $$ make sure you lodge a claim on his/her property

[Arcachon]

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[bargain hunter]

3 straight losses at the sail:

Sold 6 APR 2015 2 MARINA BOULEVARD #XX-XX 893sq ft 1,644psf
Bought 25 NOV 2010 1,791psf

Sold 2 APR 2015 6 MARINA BOULEVARD #XX-XX 614sq ft 2,037psf
Bought 24 JUN 2008 2,227psf

Sold 31 MAR 2015 2 MARINA BOULEVARD #XX-XX 1,798sq ft 1,992psf
Bought 4 MAY 2011 2,503psf

P.S. read about Mr. Ku Swee Yong being quoted on the edge and using our bro dtrax's theory of forex gains despite selling at loss. is he reading our forum and lifting info from here?

[thomastansb]

Not a loss on paper but a loss in reality.

4 Mar 2015 18 Spottiswoode Park Road #0x-03 388 1,974 7 Feb 2011 1,778 76,100 1,486 2.6

[thomastansb]

This one really idiot. Buy in July 2009 also can lose money.


BELLE VUE RESIDENCES

6 Apr 2015 25 Oxley Walk #0x-23 2,271 1,673 17 Jul 2009 1,847 -394,200 2,089 -1.7

[bargain hunter]

aiyo, cannot like that say pple one. it was a matter of big units going out of fashion, "unhelped" or undone by the multiple measures from jan 13 2011 all the way till TDSR in mid 2013. must have some sympathy.

This one really idiot. Buy in July 2009 also can lose money.


BELLE VUE RESIDENCES

6 Apr 2015 25 Oxley Walk #0x-23 2,271 1,673 17 Jul 2009 1,847 -394,200 2,089 -1.7

[smellyfish]

St Regis

Sold 6 APR 2015 31 TANGLIN ROAD #XX-XX 3,757sq ft 2,050psf
Bought 15 JUN 2006 2,333psf

even buy in 2006 at the start of the upturn and hold 9 years can also lose money, so let's not be too critical on anyone.

basically if you need to sell big CCR today, you will get slaughtered. These guys bought tanglin freehold/oxley freehold at low $2000s psf which would have been good prices in recent years....

[stalingrad]

aiyo, cannot like that say pple one. it was a matter of big units going out of fashion, "unhelped" or undone by the multiple measures from jan 13 2011 all the way till TDSR in mid 2013. must have some sympathy.

Yes, those who bought at Duchess Residences have been slaughtered. They just don't know it or have not been willing to admit it. I really have no sympathies for them, frankly.

[stalingrad]

aiyo, cannot like that say pple one. it was a matter of big units going out of fashion, "unhelped" or undone by the multiple measures from jan 13 2011 all the way till TDSR in mid 2013. must have some sympathy.

By the way, it is not just on the resell market. The rental market is very harsh on big units too. Duchess Residences, the butt of many of our jokes, is renting for about $3.5 psf, about the same at my humble OCR Carabelle.

But the owners still want $2,000 psf for sales of their units, while Carabelle is selling for only $1,200-$1,300psf. I don't know what is in the pipes of DR owners. CCR is crumbling down in slow motion, even as we speak.

[teddybear]

Don't worry, OCR private property prices also crashing..............

Game start again - See who has stronger holding power to endure and more fire power to buy CHEAP CHEAP.....................

By the way, it is not just on the resell market. The rental market is very harsh on big units too. Duchess Residences, the butt of many of our jokes, is renting for about $3.5 psf, about the same at my humble OCR Carabelle.

But the owners still want $2,000 psf for sales of their units, while Carabelle is selling for only $1,200-$1,300psf. I don't know what is in the pipes of DR owners. CCR is crumbling down in slow motion, even as we speak.

[Kelonguni]

Don't worry, OCR private property prices also crashing..............

Game start again - See who has stronger holding power to endure and more fire power to buy CHEAP CHEAP.....................

The game has run on for many years already, coincided with the rise of the COE. If COE (at least Cat A) does not fall, I really don't see how OCR can crash. Just need to consider carefully who are the ones buying property and cars and you will understand the demand profile of both.

[bargain hunter]

Nathan Suites re-named as Nathan Ville?

17 APR 2015 10 NATHAN VILLE 21 NATHAN ROAD #XX-XX CONDOMINIUM FREEHOLD 1,776sq ft STRATA 1,900psf $3,374,400

[bargain hunter]

10 APR 2015 10 BOTANIC GARDENS VIEW 9 TAMAN SERASI #XX-XX APARTMENT FREEHOLD 1,679sq ft STRATA 2,978psf $5,000,000


10 APR 2015 9 TAMAN SERASI #XX-XX 1,679sq ft 2,978psf 8 FEB 2013 2,299psf

can anyone explain what's going on with this kelong caveat? surely no one will pay almost 3000psf for a unit with a market price of 1700psf?

[amk]

relax dun get so excited... this is not a kelong caveat: it's a shop

[bargain hunter]

5 in a row for St Regis in 2015:

Sold 17 APR 2015 33 TANGLIN ROAD #XX-XX 4,069sq ft 2,028psf
Bought 29 MAR 2010 2,450psf

Sold 16 APR 2015 33 TANGLIN ROAD #XX-XX 5,543sq ft 2,129psf
Bought 14 JUL 2006 2,594psf

Sold 6 APR 2015 31 TANGLIN ROAD #XX-XX 3,757sq ft 2,050psf
Bought 15 JUN 2006 2,333psf

Sold 23 JAN 2015 33 TANGLIN ROAD #XX-XX 3,897sq ft 2,002psf
Bought 19 JUN 2006 2,872psf

Sold 17 JAN 2015 33 TANGLIN ROAD #XX-XX 4,941sq ft 1,923psf
Bought 17 OCT 2006 2,890psf

[thomastansb]

And 2006 and 2010 aren't all time high years. 2006 is still relatively cheap in fact.

5 in a row for St Regis in 2015:

Sold 17 APR 2015 33 TANGLIN ROAD #XX-XX 4,069sq ft 2,028psf
Bought 29 MAR 2010 2,450psf

Sold 16 APR 2015 33 TANGLIN ROAD #XX-XX 5,543sq ft 2,129psf
Bought 14 JUL 2006 2,594psf

Sold 6 APR 2015 31 TANGLIN ROAD #XX-XX 3,757sq ft 2,050psf
Bought 15 JUN 2006 2,333psf

Sold 23 JAN 2015 33 TANGLIN ROAD #XX-XX 3,897sq ft 2,002psf
Bought 19 JUN 2006 2,872psf

Sold 17 JAN 2015 33 TANGLIN ROAD #XX-XX 4,941sq ft 1,923psf
Bought 17 OCT 2006 2,890psf

[bargain hunter]

yes, all these units are now too big to swallow units.

And 2006 and 2010 aren't all time high years. 2006 is still relatively cheap in fact.

[cartman]

seems like bargains below $3M is harder to come by

[Mikey88]

Precisely....I'm waiting till neck long long..��

[Werther]

Have lah.. Saw Venturo in balmoral just sold for $1.9... The last time I was looking, some units sold for $2.1 a$2.2m