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.
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.
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.
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.
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.
Marina Bay Residences #14-02 1130 sq ft
Bought 11 Jul 2007 2000psf
Sold 8 Aug 2014 1947psf
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?
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?
The Coast
Sold 11 AUG 2014 278 OCEAN DRIVE #07-13 2,024sq ft 1,900psf
Bought 27 JUL 2007 2,020psf
Oceanfront
Sold 8 AUG 2014 293 OCEAN DRIVE #02-17 1,711sq ft 1,578psf
Bought 20 SEP 2010 1,753psf
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?!
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.
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.
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
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.
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.
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............
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.