Is "1130sqf for 830k" the price before the 8% rebate? ThanksOriginally Posted by Quatz
YES - Not enough CPF Minimum Sum...sigh.
YES - Need to get higher loan for Condo. Not worth it.
NO - I can get good rental yield. Shiok man.
NO - Other reason.
Newbie
Is "1130sqf for 830k" the price before the 8% rebate? Thanks
things are unpredictable these days with the hike in oil prices, subprime crisis, inflation, etc. Fewer takers for properties are logical outcome.
rebate
hmm....1163 sft unit is 748k after 8% rebate...this is for the 7th floor. Think it's still rather steep. Guess those selling still have not realised that they r not gonna be able to sell their units so high since develop units still cheaper. CRASH QUIK!!! I WANNA ENTER
Hiya, there will be another property hike soon even higher than the peak in 2007...the current price is a good time to go in....only those with holding power will emerge as the winners...
Stop dreaming lah...market will not crash. It will only stablise. Get out of here is you are not serious in getting a unit. We don't need childish comments here.
i think i am entitled to my comments. You can choose to agree, or disagree. NO ONE knows what's gonna happen next so what's so childish!? Please mind your comments.
509 psf. Why bother to argue so much..
I bought a unit in blk 63..... Looking forward for the completion......
Private Residential Property Transactions with Caveats Lodged
Project Name . Price ....... Floor Area . Price ..... Date Of Option
The Quartz ...... $787,500 . 1,055sqft ... $747psf . May 08
The Quartz ...... $833,000 . 1,636sqft ... $509psf . May 08
The Quartz ...... $888,300 . 1,206sqft ... $737psf . May 08
The Quartz ...... $670,000 . 1,023sqft ... $655psf . May 08
The Quartz ...... $826,200 . 1,163sqft ... $711psf . May 08
Exactly. Why argue so much?
Like ground-floor unit with big PES, take 1,636sqft unit at $509psf.
Like high-floor unit, take 1,055sqft unit at $747psf.
You have choice.
fewer transactions do not mean crash la! it's the uncertainty abroad that is stopping me from buying now. many people can hold their properties.
The Quartz Buangkok Drive/Sengkang Central Winterhall Pte Ltd Non-Landed OCR
Median PSF $742 Lowest PSF $693 Highest PSF $833
Though the price shown should be before 8% cash rebate. Highest PSF $833 (or $766 after rebate) indicate clearly of an upper price trend for TQ.
Cheers to all TQ owners.
Lets just say that I have indepth knowledge on the developer.... Price will not crash and the developer HAS the financial power to hold the units. They have demostrated that at LeCrescendo. This is not any kuching kurup developer.
People are not crowding the showflat but new units are consistantly logged in the caveat each week. This development will see a slow but steady sale and both price and sale monmentum will pick up nearer TOP.
For those waiting for cheap pickings, my advice is ... don't wait.
You will wait if you are not a serious buyer and well prepared to pay more next year. With the inflationary spiral to spread across all sectors only fools will keep cash.
There are no theory to justify that when petrol, rice, and all comodities has skyrocketed, but the ppty prices will go down. So, be wise to put your money for a good use, bro!
Yes. TQ price is slow but it is rather stable and I do see the price appreciation from my purchase 1-2 years ago.
Though developer do give cash rebate but usually increased first then rebate. Thus it protect the previous buyer. Though most of the TQ owner bought the unit for own stay, they will still feel "heart pain" if the price drop and they discover that new owner bought the unit much cheaper than them.
Thus I do agree with iridrium that though TQ sales is rather slow but price remain steady and inching up. Good sign.
A bit confused here..."With the inflationary spiral to spread across all sectors only fools will keep cash." So shouldn't you put your money in any investment that will outperform inflation i.e >6% return per annum? Other investments aside, if you purchase your property and loan at 3% per annum, isn't it a good hedge against inflation where the value of your money goes down by 6%.
then you say "There are no theory to justify that when petrol, rice, and all comodities has skyrocketed, but the ppty prices will go down." Isn't inflation measure across a basket of goods. Why are only commodities afflected and not price?
My view is that property prices MAY go down, but it probably won't. Over the past two years, developers purchased the land at price exceeding historical high, and the construction cost has skyrocketed , that means that the breakeven cost for them is high too. Even if they want to reduce price, you cannot possibly expect them to subsidise your condo right? Anyway, when the developer achieved approx 50% of the sale, they can afford to take it easy since they have cover the cost of the construction.
Looks like more and more first phase buyers start re-selling below developer price and realise profit.
I am wondering if it's worth to wait and see before buying directly from developer.
Yup noticed that as well, good as there will be more options for new buyers.
Could also drag the developer price down.
Private Residential Units Sold in the Month of May 2008
Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
The Quartz ....... OCR ....... 15 ............................. 833 ................ 742 ............... 693
CORRECTION:
Lowest is 509 psf, highest 747 psf.
Hmm....apparently many first time buyers actually bought many choice units around 500 psf about 2 and even 1 year ago.
I actually consider buying one but somehow feel heart-ache knowing the big gap in the different in price(((
Anyone heard any new developments in other area?
This is certainly NO GOOD BUY for investment, especially now when the property market is at still their peak (eventhough there's strong sign of going down).
But if you're buying for stay and don't really care about your property value going down, then GO FOR IT.
I think TQ is a nice condo despite the so many HDB flats in surrounding environment.
i agree it's a nice condo to stay in. Rather keen on the 1163 sq ft units. However, still waiting a while, check if prices will fall a little. If not, think i'll get it soon.
Not Newbie
It is probably the cheapest condo located next to the MRT station right now. When it first launched, people who brought it at $550-$600psf thinks it is a bit expensive, they are now reselling those just below the developer's price.
I think the next surge will come when the development TOP, the question is, would you want to miss out on bigger gain for small drop?
AGREE!!!
If buying from developers now, not only the prices are too high, many choice units have also been taken.
So we are only left with ordinary units but with premium prices.
I heard there are some more new developments going on in some other areas?
Not Newbie
The nearest comparable will be the one next to kovan melody (no name yet) bidded at $436psf/PR, breakeven cost for that site should be $700 - $750psf. Including profit margin, you should expect the price to be around $800psf.
Further down this site will be former minton rise developed by Kheng Leong I think, but that site got no MRT.
you are wrong. guocoland actually left the good units for the last so that it can sell at higher prices.
Ah I see, I once heard that similar strategy as well.
In that case it should be the other way around, we must be extra careful when buying from early buyers.
The prices are certainly lower than developer, but we should reconsider whether the price is low enough to compensate the fact that they are not good units.
There will be 2 new launches that I know of, one in Pasir Ris and the other in Bishan.
The one in Pasir Ris is about 620psf - 700psf.
The price is slightly higher than The Quarts, but it's developed by CDL who is very famous for high quality condo.
I am still looking for more info for the one in Bishan, maybe others can give update?
Newbie
The Bishan new development is by Sim Lian, behind RI
hearing the bishan one selling ard 800psf... that's ex man!! not near mrt at all... and the traffic is really bad in the morning... 2 lanes traffic and 1 lane usually taken up by buses...
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