That cycle is long gone. Ship has sail already.
In fact, many have bought in 2012/2013 and are still selling at the same price. 5-6 years but no appreciation. Whereas for you, you buy in 2006 and 5-6 years later, you hit the peak in 2012/2013. Same amount of time but very different in price.
When I sold my 4 room HDB in 1995 and collected my 180k from HDB after staying 7 years people also tell me "Ship has sail already" then 2010 collect another 1 million. Got this funny feeling it will come again.
One should be on the ship and not looking at the ship sail by.
i wonder if there's anymore sales after price increase?
HDB terrace near Whampoa sold for record price of nearly S$1.2 million
https://www.channelnewsasia.com/news...llion-10953454
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Anyway, my point is to be careful of bad deals. 2 bedders, 646sqft, for 1.5M. Rental say 2.2k. That give you 1.7%. Probably the lowest yield I have ever seen. And you might be very optimistic about rental there (new condo blah blah blah) but based on my experience, new TOP condo rental is lower than average surrounding rental. And 2.2k units are quite big. With that being said, I am not even sure if can fetch 2k.
net increase was +4 in the latest week.
For someone to be able to lose millions in ppty, he/she must be a seasoned ppty investor and not an ordinary 1/2 units investor. For my ppty portfolio, worst case paper loss was only $0.5m post SARS. Are you suggesting those who bought PC 2-bedder at $1.5m will see their value drop to $0.5m?
If it drops to $0.5m, I'll pay whatever ABSD the govt is charging now and get whatever is available.....
psf ppr + 350 psf + ((psf ppr + 350)x30%)
1110.09 + 350 + 438 = 1898 psf
✅ 1BR from $1868psf
✅ 1+Study from $1842psf
✅ 2BR from $1757psf
✅ 2BR Study from $1978psf
✅ 2BR DK from $1872psf
✅ 3BR from $1650psf
✅ 4BR from $1653psf
✅ 5BR from $1631psf
✅ Penthouses from $1383psf
Convenience of Park Colonial
1) Doorstep to Woodleigh MRT Station
2) North-east line connecting to 5 MRT Interchanges
3) Direct sheltered access to shopping mall & transportation hub
4) Within 1km of both reputable local & international schools
5) City fringe location, mere 10-minute drive to Orchard Road
6) Easy connected & accessible by both public & private transportation
About Park Colonial
1) Nestled in exclusive & private residential estate of heritage rich Woodleigh
2) Located in upcoming new Bidadari township
3) Renowned developer - CEL Development, Heeton Holdings & KSH Holdings
Latest pricing for Park Colonial
1BR from $865,000
2BR from $1.116'M
3BR from $1.547'M
4BR from $2.098'M
5BR from $2.78'M
For more information refer to Park Colonial
heard some angpow discounts would be offered during the CNY period!
didn't they just raise their prices? lol...