I think he refinanced his loan with another bank.... Don't u guys think it's too kua zhang?Originally Posted by dtrax
I think he refinanced his loan with another bank.... Don't u guys think it's too kua zhang?Originally Posted by dtrax
its a fine line between being passionate and naive. property investors are always driven by greed, not by passion.Originally Posted by teddybear
If you are passionate about property, then you should be building them.
as there had been quite a few examples of selling at loss in CCR post the CM5, i think this is real. besides, refinance with another bank, i do not think the caveat will appear like this.
Originally Posted by toiletsiao
Right on spot. Well doneOriginally Posted by Jadey
It might be his gift to family members or mistress or something wat...
Can someone please enlighten me how refinancing bank loan can affect the caveat value?Originally Posted by bargain hunter
Yea i'm wondering too. Will refinancing lodge a new caveat? i really doubt so. URA will be full of caveats then.Originally Posted by Jadey
most likely genuine sale
mabe given up hope after 10% absd
Maybe trying to minimise ABSD for new buyer so they transact the rest under tableOriginally Posted by devilplate
many still dreaming of selling for 2500-2800psf....
but i wud tot 1900-2kpsf mabe possible...dun hf to sell at 16xxpsf?
Originally Posted by price
if so, then the buyer should have done this deal is cash and not allow a caveat to be lodge as it will affect the valuation of the property.
Even if it was done in cash it will still be alerted to URA no?Originally Posted by Jadey
Originally Posted by price
What is a caveat? A caveat is a legal document lodged with the Singapore Land Authority by a purchaser to protect his/her interests after an option to purchase is exercised or a Sales & Purchase Agreement is signed.
"it is not compulsory to lodge a caveat for all property purchases. Lodging of caveats is usually done voluntarily by purchasers (usually the bank) through their lawyers to protect their interest in the property."
http://www.ura.gov.sg/realEstateWeb/...isc/PMIFaq.jsp
The fair price is the fund's price:Originally Posted by devilplate
#04-01 $1814 $3846000
#04-03 $1791 $3837000
#04-04 $1788 $3830000
that WAS the fair price when they bought. not any more....
Originally Posted by amk
Can a caveat be lodged and then removed?
I noticed one such transaction ...caveat lodged but now removed from URA. What would be the possible reason for this?
Yes I think you can write in the URA to request for removalOriginally Posted by gn108
speaking of which, what should be the "fair price" for Rivergate now ? your favorite projectOriginally Posted by bargain hunter
Townhse sold:
PATERSON RESIDENCE 77 Paterson Road 1 369 Strata 8,800,000 23848 2216 29-FEB-2012 Condominium Freehold 2008 Resale Private 09 23 238546 Central Region River Valley
PATERSON RESIDENCE 77 Paterson Road 1 369 Strata 6,500,000 17615 1636 25-FEB-2010 Condominium Freehold 2008 Resale Private 09 23 238546 Central Region River Valley
nice profit for 2yrs. especially entered in 2010.Originally Posted by dtrax
hmmmm is there a volume pick up in CCR ?
Elizabeth Tower $4,330,000 3068 sq ft 1411psf Feb-12. weak hands?
Originally Posted by dtrax
thought stuck at 2000psf or thereabouts for the longest time?
Originally Posted by amk
even smaller project like The Horizon:
$2,710,000 1722sq ft 1573psf Nov-11
$2,400,000 1722sq ft 1394psf mar-12
so drastic?
How do you know I am not building them? You dog eye see people low?
Originally Posted by Jadey
Originally Posted by teddybear
How would I know you are not blowing a big cow?
with ABSD and the costs, still have decent profits.
This really explains 'investing in good Prime project will still make money!!! '
Originally Posted by dtrax
I think the line between passionate and naive is rather clear, not fine at all. However, I agree on the greed partOriginally Posted by Jadey
So people passionate about cars or aircraft shall make them rather than collect them, and people who don't own a automobile or airplane brand/factory are not qualified for being passionate about car/airplane?
That is why the term "dog eyes see people low" fit you very well! wa ha ha ha!
Originally Posted by Jadey
Originally Posted by teddybear
you are right, I do think very lowly of you. Mr. CCR.
You think lowly of Mr CCR?
Hi CCR, you sleeping is it? Somebody said he/she think very lowly of you!
Think you should give him 2 slaps to wake up!!
Originally Posted by Jadey