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

**teddybear** · 16-03-16, 13:48

How much is 5 Billions rupiah in S$?
And where is the house that costs this much?
Thought kampong in Indonesia got cheap housing and food?

Originally Posted by indomie

You cannot afford to retire in Indonesia neither. Foodcourt meal cost 100.000 rupiah a person, school cost 5million a month, 150m2 house cost 5 billions rupiah.

**indomie** · 16-03-16, 14:30

Originally Posted by teddybear

How much is 5 Billions rupiah in S$?
And where is the house that costs this much?
Thought kampong in Indonesia got cheap housing and food?

Rumah Minimalis 3 Lantai Hunian Cluster Sherwood Residence
Rp. 8.000.000.000 (Singapore dollar slighly more than 800K)

Detil

Luas Tanah: 135,00 m² (land size 135 m2)
Kamar Tidur: 5
Kamar Mandi: 4
Sertifikat: Lainnya
Dilengkapi Perabotan: Unfurnished
Kondisi Properti: Bagus
Daya Listrik: lain

This house is in ready to move condition. Most cheaper house is in knock down/ to be rebuild condition or needing major renovation.

**Sandiwara** · 16-03-16, 15:27

Originally Posted by indomie

Rumah Minimalis 3 Lantai Hunian Cluster Sherwood Residence
Rp. 8.000.000.000 (Singapore dollar slighly more than 800K)

Detil

Luas Tanah: 135,00 m² (land size 135 m2)
Kamar Tidur: 5
Kamar Mandi: 4
Sertifikat: Lainnya
Dilengkapi Perabotan: Unfurnished
Kondisi Properti: Bagus
Daya Listrik: lain

This house is in ready to move condition. Most cheaper house is in knock down/ to be rebuild condition or needing major renovation.

You have more choice in Indonesia. Below is one of the example. With some minor touch up will cost you around SGD 200k in total.

http://www.rumah.com/listing-propert...normal%7C1%7C2

**indomie** · 16-03-16, 15:44

Depok is more than 20km from jakarta. Forget retiring in that kind of house. The roof is still wooden termite infested structure, the drainage is clogging everywhere, the electrical is fire hazzard. The traffic jam in Depok is legendary. Its faster to go to sg from jakarta than to go to depok.

**Sandiwara** · 16-03-16, 16:03

Originally Posted by indomie

Depok is more than 20km from jakarta. Forget retiring in that kind of house. The roof is still wooden termite infested structure, the drainage is clogging everywhere, the electrical is fire hazzard. The traffic jam in Depok is legendary. Its faster to go to sg from jakarta than to go to depok.

Agree with the traffic jam. But we are talking about retirement time, so no need to worry about rushing to work or stuck in the traffic.

**stalingrad** · 16-03-16, 20:20

Originally Posted by hopeful

stalingrad, this citizen speaks the truth. better listen to his advice about not bragging.

from what i read in TRE.
1) singapore promoting its best medical care, so many foreigners come to enjoy the best medical care until locals (that can't afford) have to be warded in makeshift tents.
2) singapore promoting its best salaries, so many foreigners come to enjoy until "expensive" local PMETs have to drive taxis.
3) singapore promoting its best housing, so many foreigners come to enjoy until most locals have to stay in HDB instead of condos, and those that stay in condos have to take 30 year mortgage. also last time, school principal can buy 2 (not 1, but 2!!! ) bungalow, now school principal only can buy 1000sqft airspace.

so stalingrad, shhh, keep quiet and dont brag about how great canada is: Don't attract more foreigners to drive up housing prices and lower incomes. better learn from singapore's lesson.

so you better turn around and say:
1) canada is so cold that pee freeze before it touches the ground
2) cockroaches are so hungry after winter hibernation that they will eat humans.

just a friendly advice

Haha.

**stalingrad** · 16-03-16, 20:26

Originally Posted by Kelonguni

I believe in pros and cons too. One should be appreciative of a country that has provided employment for 17 years and enabled one to afford a property you can rent out easily because of some of the pros done well. Must show gratitude.

Please read my posts from the first one. Did I say anything bad? It has always been someone hurling insults and vulgarities first with no provocations.

**Kelonguni** · 16-03-16, 20:55

I guess it's a long history. Not sure and can't remember when it began.

Maybe you were provoked to respond.

Ok I apologise and will refrain from judging but maybe don't need to respond to provocations?

Have fun in Canada! Peace.

Originally Posted by stalingrad

Please read my posts from the first one. Did I say anything bad? It has always been someone hurling insults and vulgarities first with no provocations.

**Citizen** · 16-03-16, 22:34

Originally Posted by hopeful

stalingrad, this citizen speaks the truth. better listen to his advice about not bragging.

from what i read in TRE.
1) singapore promoting its best medical care, so many foreigners come to enjoy the best medical care until locals (that can't afford) have to be warded in makeshift tents.
2) singapore promoting its best salaries, so many foreigners come to enjoy until "expensive" local PMETs have to drive taxis.
3) singapore promoting its best housing, so many foreigners come to enjoy until most locals have to stay in HDB instead of condos, and those that stay in condos have to take 30 year mortgage. also last time, school principal can buy 2 (not 1, but 2!!! ) bungalow, now school principal only can buy 1000sqft airspace.

so stalingrad, shhh, keep quiet and dont brag about how great canada is: Don't attract more foreigners to drive up housing prices and lower incomes. better learn from singapore's lesson.

so you better turn around and say:
1) canada is so cold that pee freeze before it touches the ground
2) cockroaches are so hungry after winter hibernation that they will eat humans.

just a friendly advice

From the sentences we can see a person's character. Who is he to rate our medical standard . How many PMET drive taxi and their real reasons? School principal buy 2 bungalows. It was achievable when SG was a kampong. All this benchmark for good country? Scary if is real in developed country and in a city.

**Citizen** · 16-03-16, 22:46

Anyone can migrate but don't just pinpoint the cons and mislead the ppl who read this forum. I'm just a average guy. To me if you are capable most of the countries are good. If you are average just be contented like me. Don't even need 1 bungalow just 5 room HDB will do.

**Citizen** · 16-03-16, 22:56

Why I said scary because let say presently singapore have est 60 principals, how about retired one? 33000 teachers ,if 2 bungalows to 1 principle and retired one and teachers also want 1 bungalow each. You say scary or not?

**bargain hunter** · 16-03-16, 23:40

The Paterson

Sold 8 MAR 2016 63 PATERSON ROAD #XX-XX 1,421sq ft 1,844psf
Bought 11 MAY 2011 2,041psf

Sold 5 FEB 2016 63 PATERSON ROAD #XX-XX 1,464sq ft 1,899psf
Bought 5 NOV 2007 2,295psf

**bargain hunter** · 16-03-16, 23:41

VIDA

Sold 26 FEB 2016 5 PECK HAY ROAD #XX-XX 861sq ft 1,893psf
Bought 28 JUL 2009 2,195psf

**august** · 17-03-16, 10:06

Originally Posted by stalingrad

Please read my posts from the first one. Did I say anything bad? It has always been someone hurling insults and vulgarities first with no provocations.

LOL don't act coy and all victim now. It has always been you hurling insults first. You obviously have integrity issue.

**Spincity1** · 17-03-16, 10:58

Originally Posted by bargain hunter

VIDA

Sold 26 FEB 2016 5 PECK HAY ROAD #XX-XX 861sq ft 1,893psf
Bought 28 JUL 2009 2,195psf

Below 2009 price!
Anyway, thanks for bringing this thread back to track and sorry for sidetracking it!

**bargain hunter** · 17-03-16, 12:07

Originally Posted by Spincity1

Below 2009 price!
Anyway, thanks for bringing this thread back to track and sorry for sidetracking it!

that kind of psf in 2009 was probably bought from far east with like 4 or 5% rental guarantee for x number of years back then.

**august** · 18-03-16, 13:30

Originally Posted by bargain hunter

that kind of psf in 2009 was probably bought from far east with like 4 or 5% rental guarantee for x number of years back then.

You have good memory.

**bargain hunter** · 18-03-16, 16:17

squarefoot hasn't updated yet but this one is jaw dropping. it will make stalin very happy. but i agreed with him on this project. the ridiculous price amid the hype then really ripped pple off left right centre. i wonder who was so eager to get rid of it. new low psf.

DUCHESS RESIDENCES DUCHESS AVENUE Condominium 10 CCR 999 yrs lease commencing from 1875 Resale 1 $3,500,000 - 2,756sq ft Strata 01 to 05 1,270psf Mar-16

**Spincity1** · 18-03-16, 17:15

Originally Posted by bargain hunter

squarefoot hasn't updated yet but this one is jaw dropping. it will make stalin very happy. but i agreed with him on this project. the ridiculous price amid the hype then really ripped pple off left right centre. i wonder who was so eager to get rid of it. new low psf.

DUCHESS RESIDENCES DUCHESS AVENUE Condominium 10 CCR 999 yrs lease commencing from 1875 Resale 1 $3,500,000 - 2,756sq ft Strata 01 to 05 1,270psf Mar-16

the price during the peak was a really rip-off, and at 1270psf it seems a good buy for own-stay

**bargain hunter** · 18-03-16, 17:39

got some info from pptycarrots

Bought at 1920psf at 2007 peak. sold at 1270psf. lost $3m+!

**dreamer888** · 18-03-16, 17:43

Wow, the owner must be desperate for the cash to make such a fire sale!

Originally Posted by bargain hunter

got some info from pptycarrots

Bought at 1920psf at 2007 peak. sold at 1270psf. lost $3m+!

**bargain hunter** · 18-03-16, 19:47

Originally Posted by bargain hunter

got some info from pptycarrots

Bought at 1920psf at 2007 peak. sold at 1270psf. lost $3m+!

sorry, i blur blur maths fail, lost almost $2m only lol.

btw, buyer has an hdb address. hdb upgrader?

**bargain hunter** · 18-03-16, 19:50

marina bay resi

Sold 4 MAR 2016 18 MARINA BOULEVARD #XX-XX 980sq ft 2,430psf
Bought 23 DEC 2011 2,438psf

glad to get out with a small loss which rental has probably covered i suppose.

**bargain hunter** · 18-03-16, 19:52

the sail

Sold 17 FEB 2016 6 MARINA BOULEVARD #XX-XX 861sq ft 1,684psf
Bought 13 JUN 2011 2,555psf

750k loss for a small unit?!

Sold 2 FEB 2016 6 MARINA BOULEVARD #XX-XX 1,647sq ft 1,943psf
Bought 11 JUL 2007 2,400psf

750k loss for a big unit

**bargain hunter** · 18-03-16, 19:54

one shenton

Sold 18 FEB 2016 1 SHENTON WAY #XX-XX 1,109sq ft 1,624psf
Bought 6 MAY 2010 1,672psf

another small loss covered by rental.

**bargain hunter** · 18-03-16, 19:57

Skysuites@Anson

Sold 19 JAN 2016 8 ENGGOR STREET #XX-XX 366sq ft 2,323psf
Bought 9 MAY 2011 2,324psf

another glad to get out

**bargain hunter** · 18-03-16, 20:02

Interlace

Sold 11 MAR 2016 218 DEPOT ROAD #XX-XX 3,401sq ft 1,199psf
Bought 4 APR 2011 1,228psf

penthouse level cut loss

earlier on in oct

Sold 9 OCT 2015 208 DEPOT ROAD #XX-XX 3,079sq ft 845psf
Bought 28 APR 2011 933psf

non penthouse level cut loss (ie big open roof terrace)

**proud owner** · 18-03-16, 20:03

Originally Posted by bargain hunter

got some info from pptycarrots

Bought at 1920psf at 2007 peak. sold at 1270psf. lost $3m+!

Ouch damn painful ....

**bargain hunter** · 18-03-16, 20:05

Rare huge loss at Caribbean

Sold 24 FEB 2016 10 KEPPEL BAY DRIVE #XX-XX 1,647sq ft 1,360psf
Bought 16 MAY 2011 1,609psf

**teddybear** · 18-03-16, 20:36

I think at the end of this year or next year, we can have a thread "A few OCR transactions sold at a loss"

Originally Posted by bargain hunter

Rare huge loss at Caribbean

Sold 24 FEB 2016 10 KEPPEL BAY DRIVE #XX-XX 1,647sq ft 1,360psf
Bought 16 MAY 2011 1,609psf

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