LAND STORM has become a Hurricane

[Ringo33]

What happened to all the big talk about no new supply, deep pocket, holding power, foreigners snapping up landed property etc etc.

If you have taken by advice last year, you would have been able to trade your terrace for a semi-d by now..BEWARE!!

[Arcachon]

I bought my Southbank in 2006, there was this Tornado and all hell break loose type of environment in 2008. Guess what happen next.

[onglai]

What happened to all the big talk about no new supply, deep pocket, holding power, foreigners snapping up landed property etc etc.

If you have taken by advice last year, you would have been able to trade your terrace for a semi-d by now..BEWARE!!

lol i like ur humour. i mean the bombs at the side of the picture.

[Ringo33]

I believe many landed property owner must be wondering how far landed property prices will come down before recovery.
IF we go by historical price trend, recovery usually happen when prices converge, which mean if non landed property price remain status quo,
landed property prices might actually drop to 2010 level before you can see recovery.

BEWARE!!!

[MLP]

Really??? Ha.....Ha.....I just feel a little bit breezy.

But I think sky storm is definitely coming. What say you?

I believe many landed property owner must be wondering how far landed property prices will come down before recovery.
IF we go by historical price trend, recovery usually happen when prices converge, which mean if non landed property price remain status quo,
landed property prices might actually drop to 2010 level before you can see recovery.

BEWARE!!!

[kellogs]

tell which landed 3000sqft +- is a good buy now? I am very keen... planning to do MA so old old unit nvm

[Rysk]

tell which landed 3000sqft +- is a good buy now? I am very keen... planning to do MA so old old unit nvm

Very easy.. go look for R33..
Talked from Land Storm.. till Part 1.. till Part 2.. till now Hurricane.. Talking for 2-years already..
So he is the best person that can help you to find a good bargain
Don't tell me with "Storm & Hurricane".. cannot find 30%-50% down from the peak?

[Ringo33]

Early estimate indicated that landed property decline another 1.1% in Q42014, and a total of 5.2% in 2014.
Today ST, property analyst are saying they are expecting CCR and landed property (especially terrace houses) to lead the decline in 2015.

I can also sense the landed bullishness in this forum varnishing....

So I guess all the cock and bull stories about deep pocket no supply etc are just myths for fanboys

[gsmsimmax3]

tell which landed 3000sqft +- is a good buy now? I am very keen... planning to do MA so old old unit nvm

I think this might interest you.

http://www.propertyguru.com.sg/listi...d-of-onan-road

District 15,plot ratio 1.4


Asking $4.0,as recent as Jan 15/2015 ....sold at $2.92mio
ASK $1053 psf,...transacted $769 psf.

282 ONAN ROAD DETACHED FREEHOLD 3,800 LAND $769psf $2,920,000


I will not call this a storm (YET) but its definitely more than a breeze.
I believe current landed detached asking prices need to be much lowered to result in a sale.

[stl67]

I think there is a road reserved. easily can say good bye to 1000+ sqft of land to LTA. Facing hawker center so this house not so good facing.

[stl67]

typo mistake.. should be 100+sqft not 1000sqft..

[princess_morbucks]

I think there is a road reserved. easily can say good bye to 1000+ sqft of land to LTA. Facing hawker center so this house not so good facing.

Along main road and near food centre.....will be noisy.
Also opposite is petrol kiosk.
Not so nice place to stay.

[newshound]

Its next to a main road, a hawker centre and a power sub-station with petrol station opposite. Considering that it can still be sold means that the market is quite resilient.

[gsmsimmax3]

https://www.facebook.com/sqftsg/phot...type=1&theater

[gsmsimmax3]

https://www.facebook.com/sqftsg/phot...type=1&theater

3 months ... $650k and with stamp duty loss is around $1.2 mio
More of this would definitely be a landstorm.....becoming a hurricane

9 FEB 2015 2 LIMBOK TERRACE SEMI-DETACHED 99 YRS FROM 1996 RESALE 3,079 LAND 1,168 3,600,000 HDB
28 NOV 2014 2 LIMBOK TERRACE SEMI-DETACHED 99 YRS FROM 1996 RESALE 3,079 LAND 1,379 4,250,000 HDB

[Jaydenlim]

https://www.facebook.com/sqftsg/phot...539707/?type=1

Another one bites the dust

[gsmsimmax3]

https://www.facebook.com/sqftsg/phot...539707/?type=1

Another one bites the dust

4 FEB 2015 8 SPRINGLEAF HEIGHT SEMI-DETACHED FREEHOLD RESALE 3,552 LAND 1,014 3,600,000
12DEC 2014 8 SPRINGLEAF HEIGHT SEMI-DETACHED FREEHOLD RESALE 3,552 LAND 1,082 3,840,000

(SSD )576000 +240000 = $816000

[Jaydenlim]

Indonesian mining tycoon Low Tuck Kwong is said to be the party selling a Good Class Bungalow (GCB) along Swettenham Road for S$23.52 million.

This translates into S$1,543 per square foot based on the freehold land area of 15,239.53 sq ft.

Mr Low and his family are said to reside in the two-storey freehold bungalow, which has four spacious bedrooms and a swimming pool. RealStar Premier brokered the sale. Analysts noted that the transacted price is lower than the S$30 million the seller had been asking as recently as nine months ago.

about 22% below original asking price.

[DC33_2008]

There is still money to be made and rich people with hdb address are buying them.

Sentosa Cove bungalow 'sold for $22m'

Wednesday, Mar 04, 2015
Cheryl Ong and Rennie Whang
The Straits Times

FRUIT and veggie tycoon Lim Chin Huat is believed to have sold a $22 million bungalow in Sentosa Cove last month in what is the first sale of a landed home on the island this year.
The apparent sale represents a bright spark in what has been an otherwise bleak market on Sentosa.
Only four bungalows were sold there last year at a total value of $56.5 million, down from 18 deals worth $366.76 million in 2013.
The Straits Times understands that Mr Lim, the founder and director of Seasonal Produce, a Singapore-based supplier of fresh fruits and vegetables, sold the 9,268 sq ft property for a profit of $7 million on Feb 17.
Caveats lodged with the Singapore Land Authority showed that the 99-year leasehold detached house in Treasure Island was snapped up for $2,374 per sq ft (psf) by a buyer with a Housing Board address.
The double-storey house has seven bedrooms and a jetty, according to its online listing.
Sentosa Cove is the only place in Singapore where a foreigner who is not a permanent resident can buy landed property.
Billionaire Mr Lim, who made his fortune by shipping New Zealand onions to Europe, and his wife, Madam Yap Seok Bee, bought the property in April 2010 for $14.95 million, or $1,613 psf.
26 Good Class Bungalows sold for $588 million
The couple also own a bungalow at 69, Ocean Drive, Sentosa Cove, according to title ownership information recorded with the Singapore Land Authority.
The last high-profile transaction in the area was by Spanish tycoon Ricardo Portabella Peralta, who reportedly bought two units at Seven Palms Sentosa Cove for a total of $28.55 million, or a Sentosa record of $4,131 psf, last November.
Sentosa Cove might have "lost its shine", said Mr Desmond Sim, head of research for Singapore and South-east Asia at CBRE, but its appeal lies in its waterfront housing concept and openness to foreign buyers.
But he added: "A new transaction is encouraging, but doesn't mean a total revival. There is equity out there, but the market is still hit by various measures."

[Jaydenlim]

Do not read too much into the profit unless you know what the seller have spent on renovating the place before selling. In the highend landed property segment, its not uncommon for owners to spend many millions to do up the place. Here is just a good example.

http://limchinseong.com/sysma-holdin...road-bungalow/

[MLP]

Haha....Ringo....Ringo...After waiting for so long, has your hurricane hit Singapore landed property yet? Or were you referring to sky storm? Please enlighten us.

[gsmsimmax3]

Valuation:$8mio
Ask :$7.35mio (negotiable), Guide Price
Sold: $6mio

House listing

I think this could be start of a storm ..at least

14 APR 2015 ** TOH CRESCENT DETACHED FREEHOLD RESALE 6,189 LAND 969 6,000,000
19 DEC 2010 ** TOH CRESCENT DETACHED FREEHOLD RESALE 6,189 LAND 565 3,500,000

With a built up of 8800 sq feet ,with lift ,pool and designer landscape ,reckon the build up cost be additional >$2mio.
Also 4.5 years holding cost....

[Rysk]

Valuation:$8mio
Ask :$7.35mio (negotiable), Guide Price
Sold: $6mio

House listing

I think this could be start of a storm ..at least

14 APR 2015 ** TOH CRESCENT DETACHED FREEHOLD RESALE 6,189 LAND 969 6,000,000
19 DEC 2010 ** TOH CRESCENT DETACHED FREEHOLD RESALE 6,189 LAND 565 3,500,000

With a built up of 8800 sq feet ,with lift ,pool and designer landscape ,reckon the build up cost be additional >$2mio.
Also 4.5 years holding cost....

Hello Mr B,
KNN! July 2013 you posted big big is "Here".... "Here & here & here" for so so so so long.. Now you act blur change to "could be the start"
http://forums.condosingapore.com/sho...-Storm-is-HERE!!!
http://forums.condosingapore.com/sho...re!!-(Part-II)
http://forums.condosingapore.com/sho...e!!-(Part-III)
http://forums.condosingapore.com/sho...e!!-(Part-III)

Mind as well you create another thread "Non-Landed Storm is Here" also
https://sg.news.yahoo.com/st-regis-p...0--sector.html

[Jaydenlim]

Valuation:$8mio
Ask :$7.35mio (negotiable), Guide Price
Sold: $6mio

House listing

I think this could be start of a storm ..at least

14 APR 2015 ** TOH CRESCENT DETACHED FREEHOLD RESALE 6,189 LAND 969 6,000,000
19 DEC 2010 ** TOH CRESCENT DETACHED FREEHOLD RESALE 6,189 LAND 565 3,500,000

With a built up of 8800 sq feet ,with lift ,pool and designer landscape ,reckon the build up cost be additional >$2mio.
Also 4.5 years holding cost....

Even GCB buyers is starting to default, not seen for many years.

With rising interest rate, expect landed property prices to slide even faster.

e.g. for a 5 million loan, a 1% rise in interest rate will be $50,000 per year.

A partially completed good class bungalow (GCB) at 15 Binjai Rise will appear in Colliers International’s auction next Wednesday, media reports said.

The seller is a Hong Kong-based bank while the actual owners are understood to be members of a family who were redeveloping the property for their own use. In a mortgagee sale, the lender is the party disposing the home after the owners have defaulted on their mortgage.

Market sources revealed that the freehold property has an indicative price of $20 million, or $1,174 psf based on its land area of 17,035 sq ft.

[gsmsimmax3]

Hello Mr B,
KNN! July 2013 you posted big big is "Here".... "Here & here & here" for so so so so long.. Now you act blur change to "could be the start"
http://forums.condosingapore.com/sho...-Storm-is-HERE!!!
http://forums.condosingapore.com/sho...re!!-(Part-II)
http://forums.condosingapore.com/sho...e!!-(Part-III)
http://forums.condosingapore.com/sho...e!!-(Part-III)

Mind as well you create another thread "Non-Landed Storm is Here" also
https://sg.news.yahoo.com/st-regis-p...0--sector.html

Rysk: Please do not shoot from your hip.I am not Mr B,

[mummy]

I think because of the TDSR, not many can afford the more expensive landed like bungalows, so their prices might fall more compared to terraces which are similar to some penthouses in pricing, hence more affordable and bigger market...

[gsmsimmax3]

Sentosa Move to Frankel Walk


http://www.propertyguru.com.sg/listi...e-frankel-walk
http://www.propertyguru.com.sg/listi...-estate-landed
http://www.propertyguru.com.sg/listi...ove-to-frankel

Ask : $13.3mio ,$13.8 mio, $12.5mio

Sold: $9.38 mio

26 MAY 2015 15 FRANKEL ESTATE 5 FRANKEL WALK DETACHED FREEHOLD 6,684 LAND 1,404 $9,380,000

Wow ..really SENTOSA- turquoise pricing

With 11800 sq feet built up @$300 psf,=$3.6 mio (construction)
$9.38mio-$3.6 mio= $5.78 mio

Land cost in Frankel only $5780/6684 = $865 psf ???

[proud owner]

26 MAY 2015 15 FRANKEL ESTATE 5 FRANKEL WALK DETACHED FREEHOLD 6,684 LAND 1,404 $9,380,000

Wow ..really SENTOSA- turquoise pricing

With 11800 sq feet built up @$300 psf,=$3.6 mio (construction)
$9.38mio-$3.6 mio= $5.78 mio

Land cost in Frankel only $5780/6684 = $865 psf ???[/QUOTE]



how did u come up with 300 psf for construction ?


spoke with a landed house contractor ... was told reconstruction can be done at 200 psf ..

[gsmsimmax3]

how did u come up with 300 psf for construction ?


spoke with a landed house contractor ... was told reconstruction can be done at 200 psf ..

Often this depend on quality,fittings and features.

Here for the real estate agent to describe as Sentosa standard,quality is quite high.It also has a good size swimming pool,lift and professional garden landscape.
This house was also featured in the newspaper.

[Jaydenlim]

Often this depend on quality,fittings and features.

Here for the real estate agent to describe as Sentosa standard,quality is quite high.It also has a good size swimming pool,lift and professional garden landscape.
This house was also featured in the newspaper.

The rebuilding cost of some GCB is around $900psf.

At $200psf, all you get is china tiles, china faucet and non European kitchen appliance etc.