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

[Mikey88]

Btw , The Equatorial price reasonable ?
Gurus here can comment ?

[bargain hunter]

Since our bros here are asking about bargains.

Not cheap enough maybe and not sold at a loss, but i feel its a bargain nonetheless. 2.5m for a 1421 sq ft 3 bedder at the paterson. (P.S. expect teddy to say its an inferior project to his paterson residence though.)

The Paterson

Sold 29 APR 2015 63 PATERSON ROAD #XX-XX 1,421sq ft 1,760psf
Bought 30 DEC 2002 1,263psf

[bargain hunter]

Espada

Sold 5 MAY 2015 48 ST. THOMAS WALK #XX-XX 560sq ft 2,072psf
Bought 23 APR 2010 2,212psf

[bargain hunter]

The Imperial, also about there:

30 APR 2015 5 JALAN RUMBIA #XX-XX RESALE 1,410sq ft STRATA 1,837psf $2,590,000

Since our bros here are asking about bargains.

Not cheap enough maybe and not sold at a loss, but i feel its a bargain nonetheless. 2.5m for a 1421 sq ft 3 bedder at the paterson. (P.S. expect teddy to say its an inferior project to his paterson residence though.)

The Paterson

Sold 29 APR 2015 63 PATERSON ROAD #XX-XX 1,421sq ft 1,760psf
Bought 30 DEC 2002 1,263psf

[bargain hunter]

Vida

Sold 29 APR 2015 5 PECK HAY ROAD #XX-XX 850sq ft 1,952psf
Bought 2 JUN 2010 2,279psf

[bargain hunter]

The Coast

Sold 24 APR 2015 276 OCEAN DRIVE #XX-XX 2,626sq ft 1,466psf
Bought 21 NOV 2006 1,647psf

[Werther]

Wow... Seems like good buy. Thanks Bro BH

[teddybear]

At $1760 psf in the heart of Orchard, it is definitely a steal compared to J Gateway at $17xx psf in the heart of Singapore's only HEAVY INDUSTRY TOWN!

Since our bros here are asking about bargains.

Not cheap enough maybe and not sold at a loss, but i feel its a bargain nonetheless. 2.5m for a 1421 sq ft 3 bedder at the paterson. (P.S. expect teddy to say its an inferior project to his paterson residence though.)

The Paterson

Sold 29 APR 2015 63 PATERSON ROAD #XX-XX 1,421sq ft 1,760psf
Bought 30 DEC 2002 1,263psf

[stalingrad]

Teddy, don't forget the high-speed train terminal at Jurong Country Club. That is a game changer. Haha.

[Mikey88]

Heehee..Change from bad to worse...

[bargain hunter]

frankly, i think that is a very long time down the road (heard that the stations in Malaysia are not even decided yet?). and the 99 year leaseholds r ticking away in the meantime in Jurong.

Teddy, don't forget the high-speed train terminal at Jurong Country Club. That is a game changer. Haha.

[cartman]

Since our bros here are asking about bargains.

Not cheap enough maybe and not sold at a loss, but i feel its a bargain nonetheless. 2.5m for a 1421 sq ft 3 bedder at the paterson. (P.S. expect teddy to say its an inferior project to his paterson residence though.)

The Paterson

Sold 29 APR 2015 63 PATERSON ROAD #XX-XX 1,421sq ft 1,760psf
Bought 30 DEC 2002 1,263psf

thanks bargain hunter...that looks like a good deal. problem is how to know there's such bargains on the market before the deal is done?

for example, i checked all the sales listings on propertyguru...average psf is 2,100 psf and above

[Yuki]

thanks bargain hunter...that looks like a good deal. problem is how to know there's such bargains on the market before the deal is done?

for example, i checked all the sales listings on propertyguru...average psf is 2,100 psf and above

I believe the insiders would be first notified first before releasing them to propertyguru.

[bargain hunter]

If as Yuki says insiders know but for some reason do not buy the unit, the only other way is to set alerts on pptyguru and/or check on pptyguru yourself personally?

thanks bargain hunter...that looks like a good deal. problem is how to know there's such bargains on the market before the deal is done?

for example, i checked all the sales listings on propertyguru...average psf is 2,100 psf and above

[HP65]

If as Yuki says insiders know but for some reason do not buy the unit, the only other way is to set alerts on pptyguru and/or check on pptyguru yourself personally?

Alternatively, you can start viewing at the area/ projects you like. Befriend a couple of agents who specialize in that area/ projects. After awhile, they will automatically inform you first even before they place an ad, especially if they represent the seller. It's in their interest to contact you first so they can keep the comm. And for those hard working agent, they will be motivated to knock door since they have ready buyer. Once an owner respond, you will likely be 1 of the first they contact before they place an ad. Coz once they place an ad, it will be opened up to other agents.

Nowadays, there isn't as much 'insiders' clients, friends, relatives or family members to share good deals first. There are enough to go around.

[cartman]

thanks for sharing guys...i tried an agent telling her my budget is below $3m...but the deals she proposed all seems to be higher priced relative to recent transactions. i even saw one sentosa unit that they told me the asking price is $3.1+m and i found out later the unit transacted for about $400k+ less...wonder if the agent was taking me for a ride

[Kelonguni]

thanks for sharing guys...i tried an agent telling her my budget is below $3m...but the deals she proposed all seems to be higher priced relative to recent transactions. i even saw one sentosa unit that they told me the asking price is $3.1+m and i found out later the unit transacted for about $400k+ less...wonder if the agent was taking me for a ride

You must offer first mah. Never try never know.

Usually transacted lower than asking.

[bargain hunter]

yah, that's the spirit.

esp. for CCR, some may not buckle but others may accept lowball offers. never try, never know.

You must offer first mah. Never try never know.

Usually transacted lower than asking.

[bargain hunter]

i just walked past it and saw that Killiney 118 has been all covered up again. I thought the project has already TOP and there are already people staying inside?! what's going on?! on the canvas, they even said that the eatery is business as usual. how are the tenants gonna stay in pitch black darkness?! there are rental caveats below.

any bros in the industry can update?


KILLINEY 118 KILLINEY ROAD 09 Non-landed Properties 1 $4,200 600 to 700 Mar-15
KILLINEY 118 KILLINEY ROAD 09 Non-landed Properties 1 $3,950 600 to 700 Dec-14
KILLINEY 118 KILLINEY ROAD 09 Non-landed Properties 1 $4,400 500 to 600 Dec-14
KILLINEY 118 KILLINEY ROAD 09 Non-landed Properties 1 $4,300 600 to 700 Dec-14

[proud owner]

i just walked past it and saw that Killiney 118 has been all covered up again. I thought the project has already TOP and there are already people staying inside?! what's going on?! on the canvas, they even said that the eatery is business as usual. how are the tenants gonna stay in pitch black darkness?! there are rental caveats below.

any bros in the industry can update?


KILLINEY 118 KILLINEY ROAD 09 Non-landed Properties 1 $4,200 600 to 700 Mar-15
KILLINEY 118 KILLINEY ROAD 09 Non-landed Properties 1 $3,950 600 to 700 Dec-14
KILLINEY 118 KILLINEY ROAD 09 Non-landed Properties 1 $4,400 500 to 600 Dec-14
KILLINEY 118 KILLINEY ROAD 09 Non-landed Properties 1 $4,300 600 to 700 Dec-14

it has been covered up for over a month .... i also wonder whats up ?

[bargain hunter]

dbss has trevelis, ccr also has shoddy job problem? cover up means something even more serious than just interior?!

it has been covered up for over a month .... i also wonder whats up ?

[cartman]

You must offer first mah. Never try never know.

Usually transacted lower than asking.

yah, that's the spirit.

esp. for CCR, some may not buckle but others may accept lowball offers. never try, never know.

agreed but paiseh to lowball till that extent mah. i mean if asking price is $3.15m, agent say maybe can try $3M or so but turned out the unit was transacted at $2.6+m. the gap is too much lei.

[Kelonguni]

agreed but paiseh to lowball till that extent mah. i mean if asking price is $3.15m, agent say maybe can try $3M or so but turned out the unit was transacted at $2.6+m. the gap is too much lei.

Seller a lot of times just want to see sincerity. I learned this from my agent.

Just put in a cheque with a sincere lowball but not below-the-belt lowball if you are really keen. If your lowball is the highest due to the "challenging market conditions", then it might well be accepted...

[bargain hunter]

seriously, no harm, can just offer 2.6m, at worst tio reject, nevermind one mah?

agreed but paiseh to lowball till that extent mah. i mean if asking price is $3.15m, agent say maybe can try $3M or so but turned out the unit was transacted at $2.6+m. the gap is too much lei.

[mosaic]

thanks for sharing guys...i tried an agent telling her my budget is below $3m...but the deals she proposed all seems to be higher priced relative to recent transactions. i even saw one sentosa unit that they told me the asking price is $3.1+m and i found out later the unit transacted for about $400k+ less...wonder if the agent was taking me for a ride

lol i would ditch the agent if i were you...

[proud owner]

lol i would ditch the agent if i were you...

sometimes it is the seller that say "dont have 3 mil, dont show me; ...


then when no buyer ... they go to other agents and say ' show me lah ..." and when other agent came back with a 2.6mil ...which is the BEST and ONLY offer after 6 mths ... seller accept ..

so cannot blame the first agent also ..

i know many sellers ...when they lower their price after insisting on a certain price point with one agent ... they Lan Lan the change agent .. too shy to go back to first agent ..

[proud owner]

seriously, no harm, can just offer 2.6m, at worst tio reject, nevermind one mah?

yes i agree ....

i used to do that ... give a cheque of a certain value that i feel is 'fair' and not 'under the belt' ... tell agent ...to tell seller ... 2 days for them to think thru ...

if not accepted, just return the cheque to me

it worked a few times

[cartman]

thanks for sharing guys...i am first time buyer...scared offer too high, scared offer accepted not enough time to arrange loan etc and cheque forfeited etc hahaha.

i am going to try giving a cheque for the next development i am keen on but so far for those recent condos i saw, the amount the agents asked me to put in is on the high side, higher than recent transacted prices for the same developments.

[bargain hunter]

tell them it is a falling market, buyer's market, that you keep seeing lower caveats, why should u offer above the recent prices? (even though it may not be true for certain projects) After that, depending on whether the unit u r seeing have really attractive attributes, then u decide whether u want to offer somewhere close to last transaction or not.

thanks for sharing guys...i am first time buyer...scared offer too high, scared offer accepted not enough time to arrange loan etc and cheque forfeited etc hahaha.

i am going to try giving a cheque for the next development i am keen on but so far for those recent condos i saw, the amount the agents asked me to put in is on the high side, higher than recent transacted prices for the same developments.

[bargain hunter]

Residences @ Killiney

Sold 6 MAY 2015 147 KILLINEY ROAD #XX-XX 1,625sq ft 1,772psf
Bought 15 APR 2013 2,215psf

if real transaction, pay stamp duty like crazy?