let's see.. hill vista, hillview regency, tanglin regency, waterplace, lakeshore, riverplace, bishan 8 .. all hv unsold units ~Originally Posted by Geylang OKT
FAR EAST REALLY CHAMPION!
let's see.. hill vista, hillview regency, tanglin regency, waterplace, lakeshore, riverplace, bishan 8 .. all hv unsold units ~Originally Posted by Geylang OKT
FAR EAST REALLY CHAMPION!
who would want to swallow their regurgitated puke?Originally Posted by Geylang OKT
We Launched Silversea successfully today..
Opening New tower (T1) tomorrom at 10am
First 8 buyers before noon get extra 2% discount
Bookings on first come first served basis from 10am tomorrow
Sms at 90686016 for details and appt
Thanks for all the support~~
support support! cheong ah!!!
I give mental support. Cheong ah!
Originally Posted by august
Originally Posted by bargain hunter
dont think it is the 20%, ppl who can afford property at this price should be fairly good in math and sooner/later they have to pay the full sum (or w/loan).. i think this bunch are probably the less experienced buyers that buy based on ego than property value..
at this price, one can get resale unit along meyer, including sovereign which is more prestigeous ..
still got rafflesia and their record orchird park (still have units for sale 17 years after TOP wor) leh? soon to join the list, jardin, miro, silversea kekeke
Originally Posted by august
cos the bank can match new properties, fire sales, valuations too low, bank cannot match the selling price, meaning have fork out a lot of cash.
Originally Posted by Honesty
and they are not selling cheap.
Originally Posted by bargain hunter
Wait till the banks say valuation drop below loan amount and cannot disburse anymore funds.. Then let's see how many people shit in their pants..
At 1400 to 1700psf, not much upside. 99 years somemore. By the time finish in 2012/2013, left 93-94 years only. 1100psf sound a fairer price but then again, this world isn't fair. As long as got idiots buy at 1500psf and bank ask for top up, there is still money to be made one.
Novice buyers with inflated egos die pain pain
Skali also no wear g-string or panties.... thench how?Originally Posted by sabian
actually i'm quite puzzled...banks are still very cautious in general and most of the banks/reports that i saw all claim it is still too early for a turnaround, why then did they agree to up the valuations for new projects? If banks are not raising the valuations and supporting these devleopers for these new projects, then there is no way the new projects would be selling at their existing price, cos else everyone else would not be able to obtain the 80% loan w/o a top up.
So it is like a double standard now.... low valuations for old projects, but higher valuations for new projects.
lol, that is govmnt standard. Pro employer n company, the bigger the merrier. They survive we survive... Not the greedies though. Just play the game right.
Originally Posted by xtink
old projects built on cheap land while new projects built on expensive land, as simple as that...
Originally Posted by xtink
Still "tng lor" wat...who cares what the undies are?Originally Posted by Geylang OKT
Just like swimming, now high tide. When the tide goes out, we see who are the indecent ones swimming nekkid.
If you are the developer's banker, it is in your interest to "support" the developer's valuation. Becos, if the devlper "tng kor", the bank also "tng kor"...Originally Posted by xtink
So if developer sells out, then the dvelper can repay the bank. Thus the develper's "loan" is now transferred to xxx number of buyers (with proper credit checks) and the risk is supposedly lowered.
But do take care, some banks are "tiam tiam-ly" letting go of staff so as not to be the next bank in the papers (like "700" dee-bee-ass) for the wrong PR reason.
Well saidOriginally Posted by sabian
valOriginally Posted by xtink
You are right, most of the old properties asking price can't match the bank valuation. This show that the actual maket is not good as yet, the bank are also very careful with their move.
BEWARE!!!! buyer....
""Government has released information on how much supply is coming onto the market, the transacted prices and how many units have been sold on the deferred payment scheme.
This gives buyers complete information, rather than to have reports of high prices alone, he said.
‘For example, there are about over 40,000 units coming onto the market in the next three or four years – I think people must know that.’""
HDB prices are stable....how about private property????? 40,000 units coming how to digest
SMS 90686016 for for Details
and avil. Units !!!
SILVERSEA
Project Details:
Developer: Far East Organization
Description: 21 storey residential condomium towers
Location: Amber Road
Tenure: 99 years from around June 2007
Total no. of units: 383 units / 2 rooms to Spacious Penthouse.
Total no. of car park lots: 500 (Basement parking)
Lifestyle
a. Sky Preomenade
i. Elemental Spa (foot spa, heated stone slab and rain shower)
ii. The Dining Room with Gourmet Kitchen
iii. The Living Room with Dip pool & heated Jacuzzi
b. 1st storey level
i. Life style amenities such as Japanese Onsen Spa Villa. Balinese Spa Villa.
ii. Theme Dining Pavilions. very international. This company called "Silversea", Ocean Linear with multiple acitivities happening.
Imagining SIlversea is like the Ocean Linear, with Pizza Pavilion, different lifestyle of cooking faciliites.
iii. Tea and Breakfast Cabana- with a group of 2 to 4 people, arrange a Tea or Breakfast by the pool.
iv. Tennis Dining Pavilion
With a family or a group of friends, some play the tennis, some engaged in the preparation of light meal while the children play
v. The elemental deck at 1st storey
When you come home, you will not find driveway, is safe for children to run anywhere with lot of ground area and is safe to run around.
c. Sea view
Every unit has a sea view, regardless of which unit, just take the lift. Up to 11th storey, Sky Promenade, everybody is treated equally, have party there, don't mesh the house, do it outside the Sky Promenade. Can arrange a Spa party, etc.
d.Elevations treatment
Front elevations facing the sea view and other elevation is facing the urban area.
e. Drop off lobby at Basement
YOu could either align at the lobby drop off point and walk to the "The Living Room (The Clubhouse) or drive to the Basement via the LIft lobby and take a lift to "The Living Room"
Total no. of units: 383 units
Total no. of car park lots: 500 (Basement parking)
I was there and a 4 room abt 2500sqft selling about 15xxpsf.
At 4m, I rent out at 3% yield 12K.
If is possible?
Originally Posted by Property_Owner
Invest 4 million for 3% yield ????
Provided they can rent it out!!!!
Too risky....
FEO offering rental guarantee?Originally Posted by Property_Owner
what profit guarantee?
they are now vomiting out their own rental units (leftover unsold units from previous development which were converted).
they themselves cannot guarantee their own rental, want to guarantee?
rental guarantee from developer does not mean there really is a tenancy involved, think more creatively leh ~Originally Posted by sabian
so u mean for rental guarantee they guarantee lets say 4% n if u rent out at 3% they will top up the 1%?Originally Posted by august
got a point there. Who the hell would want to rent a condo there at 12k a mth when 3% already quite modest. But again does developer gv a shite bout what calculatns we doOriginally Posted by Property_Owner
4 bedroom 12k ... 7.5 k maxOriginally Posted by Property_Owner
all the corporate lease for stuff who needs 4 bedder are cutting down the rent allowance ....
also they will argue your 2500 sqft , may only be 1800 sqft with terrace and balcony that they dont need
Tat's the point I'm trying to say. I invest 4M for a 3% return, might as well invest in 5 unit of studio in Southbank/Icon. My yield at least 4% to 4.5%.
Any commends?
Ya.. you method is definitely more pros than cons..Originally Posted by Property_Owner
1 unit 4bdrm if it's vacant..ur vacancy rate is 100% for that month..
but 5 studio, highly unlikely to have a 100% vacancy rate..so income stream keeps coming..
Then , you can sell 1 unit by 1 unit ..and reinvest the excess into other location.
Btw, you think Seaview at $1400psf for 1410sqft is good buy? .. I lok at past transactions , it seems i will be breaking record if i buy at that price.. A more reasonable price might be 1000-1100 psf...
I wouldnt want to buy seaview at even 1000psf..but wat to do.. parents want to stay there.. i think dont lose money , happy liao.. dont need to care about whether capital allocation to somewhere else is better..