Nice showflats n courteous agents ....but pay $500-700psf higher than surrounding resale projectsOriginally Posted by lionhill
Nice showflats n courteous agents ....but pay $500-700psf higher than surrounding resale projectsOriginally Posted by lionhill
You must believe a lot in history, why don't you pick a stock that is trending upwards for the past two years n dump all your money in it, hoping it will follow the same trend?? U like studying charts so much you should invest in stocks n not pty
Maybe people here would be interested to know how your tiny 400sqft dog box at j gateway would perform on TOP. You got projected gain to show us in a graph?
Originally Posted by Ringo33
Hey, what do you keep flip flopping in this forum? For awhile you are recommending that I buy MK88 district 9, FH, near MRT, with crappy rental and capital appreciation, now you are glorifying ulu bukit batok, LH99, 17 years old, no MRT?Originally Posted by Regulators
Again, please dont count your egg before it hatch. If you havent sell your property, dont count on the profit.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Please dont get distracted and be focus.Originally Posted by Regulators
I am still waiting for your spreadsheet to show us how to generate $294,000 PROFIT from buying a MK88 1 bedder in 4 years.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Lol..who is the one that keeps bringing up regent heights first, u r jealous i am getting more than 5% rental yield n achieving more than 20% capital appreciation per year in the past two years with no mrt beside? As for recommending you to buy regent heights, i wouldn't now coz i know you can't affordOriginally Posted by Ringo33
Last edited by Regulators; 02-07-13 at 14:56.
Isn't it ironic how someone in this thread was all for CCR a year ago and even mentioned how one of his favourites was those around little india mrt?
This is what he was singing about 1 year ago in May/June 2012 :
Originally Posted by Ringo33Nuff said....Originally Posted by Ringo33
Can TS please explain his statements below which was made late last year especially the last part of statement 2:
Whilst you are at it, can you also reconcile the statements below especially the part in bold belowOriginally Posted by Ringo33
Originally Posted by Ringo33Originally Posted by Ringo33
Last edited by proper-t; 02-07-13 at 15:18.
Originally Posted by Regulators
It interesting that you are crediting your own investment while criticizing other LH projects in Jurong Area. And at the same time keep bragging about MK88 when we all know that is perhaps the lousiest 1 bedder project in the whole of district 9, where its rental is almost on par with ulu Jurong condo call Caspian, which is the only project in Jurong that has got a MM 1 bedder.
But then again, we should always give you the benefit of doubt, hence can you please show us your "investor spreadsheet" to teach us how to generate $294,000 PROFIT in 4 years by investing in a $780K 1 bedder unit at MK88.
Yes, spreadsheet
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
MK88 is not the only development around LITTLE INDIA.Originally Posted by proper-t
A Little Knowledge is Dangerous, so please THINK before you post.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
please read my signature.Originally Posted by proper-t
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
If you can't read simple English, go back to school. Did i say $294k nett? Did i say invest in $780k one bedder at mk88??
Face it, you are just jealous i am making money from my LH pty in district 23 n u havent.Originally Posted by Ringo33
This is what you wrote and I didnt say anything about nett or gross either. Are you panicking or what? how come suddenly not so bullish about your big profit projection.Originally Posted by Regulators
Anyway, just show us your spreadsheet. Nett or gross doesnt matter as long as you can CASH OUT $294,000 in 4 years.
Originally Posted by Regulators
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
We are all still waiting for you to explain your statement (2) below since it is relevant to title of the thread.
Can you let readers here know what is your view on buyers of new launches. What/who are the the 'Tsunami' and 'firesales' directed at?
Originally Posted by Ringo33
Actually hor, based on past transaction of neighboring project for 500sqft plus one bedder the estimate should be $3xxk cash return n not $294k. Parc emily one bedder transacting at $1100000 now so i take this to be mk88 selling price four years later for similar sized unit. Factor in $3k a month rental for 4 years brings the gross to $39xk before factoring in expenses. After outgoings of interest n maintenance etc, cash returns is more than $300k.
There is strong backing for transacted px in the area to support my projection , u have any transacted px history in jurong to back ur 400sqft dog box reaching $1 million n above?? Lol
Originally Posted by Ringo33
As I said before for the sake of parc emily owner, please dont compare MK88 to Parc Emily. Parc Emily has got 50m lap pool, kids pool, playground, full size gym, sauna, tennis court, pool side BBQ Pit, located right next to Mount Emily Park, away from busy bukit timah and rochor road. , and they even got more than enough parking for owner who wish to own 3 cars. Plus Parc Emily is located INSIDE CBD, unlike MK88, who is on the outside of CBD, and with the 1 way Mackenzie road, every time you need to drive to city, you have to make one big loop and pay ERP again.Originally Posted by Regulators
I hope you see the different, or else some Tekka market HDB owner will start comparing their property to MK88.
So where is your spreadsheet to show us how to cash out $294,000 from investing in MK88?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
I m not comparing parc emily to mk88, i am using PE pricing now to project m88 pricing 4 years later. Just admit it, u have made a lousy choice buying ur jurong dog boxOriginally Posted by Ringo33
You are using PE pricing to project MK88 pricing? Get a life lah.Originally Posted by Regulators
Are you also going to tell us that if you buy an apartment next to a supermodel, in no time you will also become handsome like super model?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
I am making a reasonable projection coz PE would have moved up in price four years from now. What have you projected for your 400sqft j gateway so far rather than just screaming JLD every other day in this forum?? You got no 400sqft unit in jurong selling at $1 million so you got nothing to project right?? You like looking at evidence so show us evidence if there is a neighbouring condo selling their 400sqft one bedder at $1millionOriginally Posted by Ringo33
Please get your facts right, that this no such thing as 400sqft unit at J Gateway, the smallest unit is 474sqft, so I am not sure what crap you talking about.Originally Posted by Regulators
And again, please stop comparing MK88 to PE, its a totally different product.
Again, where is your spreadsheet?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
My projection increase to $3xxk liao , think you are outdated.
400 or 475sqft no difference to me still a dog box. Where is your projection ah??? Any past transaction nearby to support your price increase to $1 million. Otherwise please admit defeat
Originally Posted by Ringo33
Previously, I was wondering whether you are right or Ringo is right. now I know you are wrong.Originally Posted by Regulators
Parc Emily is older than M88 yet it sells much higher. Buyers are not stupid to ignore it. There must be a reason. I am not familiar with the area. But I know if today M88 is cheaper than Parc Emily, it will be always cheaper.
Besides, you can project M88 to future, why not J_gateway be projected in a similar way? furthermore, M88 will encounter more competition than J-gateway.
J gateway will spearhead i ln terms of price.. Coz there is no other nearby residential projects. Any nearby development will only increase its price.
Frankly, regulator is right on the first 4 years becoz rental is collected.. But ringo maybe right after 4 years becoz I can imagine the future potential when all the offices are ready and lakeside are formed.
ehhh, u all not tired ah?
actually hor...quite interesting.! Lots of info/view given from them.Originally Posted by leesg123
Please do not stop there!
Go there n take a look, you will understand why Parc E is selling higher than M88. (especially on Fri/sat nite)Originally Posted by lionhill
Huh?? Did i say mk88 will overtake parc emily in pricing?? I project mk88 based on past transacted price of pty in the same area, j gateway is selling at the highest in jurong at unheard of pxs in the area so nothing to project n nothing to support that px increase.Originally Posted by lionhill
if the rationale to buy a unit from plan is lower commitment in the beginning, then i dont he/she should buy.
Office Boy can share a closely guarded secret with you all since you all argue until this time of the day (ie cows come home and sleep already).
Theory of Price Elasticity in Property Investment
For new launches, prices are elastic upwards and inelastic downwards.
For completed developments, prices are elastic upwards based on its historical prices and inelastic based on the development's surrounding developments.
For J Gateway, everyone bought at the same price, mostly people won't want to sell at a loss one. This theory, I think you all all can understand right?
For Little India, if you buy now there will always other owners who can sell lower than you and yet make a profit. The only exception is when the M88 is trading at unusually steep discount due to Black Swan seller ... But these sellers are hard to find.
Personally I don't see much potential in M88 area ... Viewed a few units there before ... Looks sad ...
Just my humble Office Boy opinion.
Agree on this only if there is no recession or spike up in interest rates... If interest rate increases, landlord will not be ale to pass on the cost to tenants if high vacancy levels still persist in Singapore when J Gateway TOPsOriginally Posted by DKSG
With the penalty of selling before 4 years, what do you think owners will do for new developments? Buildings under construction have another advantage because loan is dispensed in stages. By then much of the fanfare will be in steady stead. Human beings are impressed by when they can see. What do you think? Of course it will be a different state of mind for investors wanting instant returns.
So there is no right and wrong. It's just who you are at this moment and what you value more.
Last edited by ecimbew; 03-07-13 at 01:02.
Yee ha! Did I tickle your funny bone?