last time those ang mo expats were the richer one. nowadays due to flood gate, they attract the lousy one also. the 'poor' one will stay in HDBs and other suburban areas....those ang mo with REAL SPENDING POWER stay at the usual enclaves like Holland, Bukit Timah etc.
Profile is different.
In the past, most expat are senior management, nowadays we have got many fresh grad running away from economic crisis in Europe coming here looking for opportunity.
There are also many expat those convert from expat to local terms, so need to tighten their belt to move to OCR.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
ya different profiles.
I have ang mo telling me this $17 product is expensive, so she brought the $8 one. She staying around Bishan/Thomson area
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Certainly different. Now got more middle management.
In the past, say, we have 200,000 expats, all of them housing allowance above $20,000 per month.
Now, we still have the 200,000 expats with $20,000 allowance per month, but we added another 200,000 with $10,000 per month and another 200,000 with $5,000 per month !
That is why prices have escalated so much in the last few years until now then start to plateau....
DKSG
For these young hippies expat (typical associate level) they rather stay in CCR hdb like pinnacle@duxton rather OCR if budget is a constraint.
They work long hours (eap in banking, consulting), socialise in robertson quay after work ( for biz networking & romance) and need to come office fresh before their boss comes in, so it makes sense to stay in CCR
if 6.9 million population is correctly forecasted, more richer expatriates will be replacing those who moved to OCR.
Maybe units in Prime area need to be advertise more to be known and to have more potential buyers. Good luck in the future and I hope you will have more sale in the future.
Issue is the quantum required for units in the CCR. Many people cannot play once the absolute quantum's hit above 2mm. That combined with the ABSD has whacked a lot of secondary sales and new sales by developers in the CCR. But watch for older flats - some of these can still be good buys in the CCR if you do some homework
MM in CCR especially Orchard has the potential to hit beyond S$2million after 4 June 2014.
Good Luck.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
Any big news coming that will turn the tides?
Bro BJ very clever... he never say how long after 4th Jun 2014 hahaha
When you have eliminate the impossible, whatever remains, however improbable, must be the truth
High-end developments such as The Marq on Paterson Hill and Hilltops in Cairnhill Circle, for instance, have been completed for at least a year but still have hundreds of new units sitting unsold. If they are not sold within the next 12 months or less, developers may have to fork out extension charges to buy themselves more time after the two-year deadline. The high-end market has been languishing with slow sales and prices that are still below their peak. The additional buyer's stamp duty of up to 10 per cent introduced last year also whittled down foreign home demand, further hurting sales. Experts say that while indirect discounts such as rental guarantees or stamp duty absorption might be offered by some projects as the deadline nears, large cuts in prices are unlikely. A majority of developers bought the land at lower historical prices and so paying the extension charge will not erode their profit margins significantly. This option is preferred as cutting prices would not only affect their reputation but also face objections from earlier buyers.
The Marq on Paterson Hill and Hilltops in Cairnhill Circle under SC Global. They privatise the company not too long ago. Now single owner... sporean. No penalty for unsold units.