got pple recommend me this reflection back in the 2008/2009
not bad since you got sea view + unique building structure though
but i got no $$$ to buy la
got pple recommend me this reflection back in the 2008/2009
not bad since you got sea view + unique building structure though
but i got no $$$ to buy la
I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)
just playing at squarefoot,
http://www.squarefoot.com.sg/trends-...-at-keppel-bay
reflections has lower rental than caribbean.
how can it be?
Originally Posted by hopefulHOW CAN IT BE ?Originally Posted by hopeful
See previous post for details of 5 units sold in May 2012 at loss : one unit sold at more than $500k loss.
ALL the more unbelievable as these units were bought in 2007 ...during launch.......
GOING FORWARD ?
Those who buy recently must take into account SSD ( seller's stamp duty ) ....so even more difficult to sell at high prices.
Prospective buyers have to contend with ABSD ( Additional Buyer stamp duty )......many can buy but why want to pay extra ???
Especially when so many units are available for rental ? Better to rent than buy if want to enjoy the units ?
No high maintenance fees every month ...and property taxes, ....etc ...just pay the monthly rent and keep LANDLORD busy with multiple requests for servicing,,,,,,,,
How is the lady who owns majority of the units at one of the towers? Is she selling?Originally Posted by hopeful
Rumour has it she is trying to sell...Originally Posted by DC33_2008
Most unprofitable for owners : ReflectionsOriginally Posted by hopeful
source : squarefoot
In 1H2012, the most unprofitable project wasits first 5‐year last October.
Reflections at Keppel Bay, where a total loss of $7.4m
was realised.
On the flipside, landed homes in
Serangoon Garden Estate were the most profitable
with $59m in gross profits realised,
followed by The
Quintet, an Executive Condominium that just crossed
http://www.zaobao.com.sg/cs/cs120704_001_1.shtml
其中吉宝湾映水苑(Reflections at Keppel Bay)屋主亏得最多,总共有27宗亏本交易,总亏损额达到740万元。
google translate:
"The Keppel Bay Keppel Bay Reflections (Reflections at Keppel Bay) homeowners afford to lose up to a total of 27 loss-making transactions, the total loss amounted to 740 million."
That's the risk of too much leverage.
Anyone has the unit numbers, we can then see whether those units are from her fire sell.
Thanks,
Richard
As I mentioned before, most Europeans prefer Caribbean. They don't mind something a little bit "old" (that can mean something with "history").
And they just cannot appreciate sky high buildings as "home".
Thanks,
Richard
http://forums.condosingapore.com/sho...&postcount=724
only managed to post these 2012 losses records in my other thread before squarefoot blocked out the unit numbers :
2012-05-28 #30-73 2,207sq ft 1,677psf 2007-08-06 1,905psf -503,196
2012-05-25 #16-72 1,528sq ft 1,531psf 2007-08-06 1,745psf -326,992
2012-05-25 #16-73 1,518sq ft 1,568psf 2007-08-06 1,688psf -182,160
2012-05-25 #25-72 1,485sq ft 1,616psf 2007-08-06 1,853psf -351,945
2012-05-23 #25-73 1,410sq ft 1,560psf 2007-08-06 1,792psf -327,120
2012-04-20 #07-53 4,747sq ft 1,591psf 2007-07-09 1,923psf -1,576,004
2012-03-12 #34-72 1,141sq ft 1,848psf 2007-08-20 2,102psf -289,814
2012-01-19 #03-70 1,012sq ft 1,399psf 2007-09-17 1,513psf -115,368
2012-01-04 #29-98 2,336sq ft 1,987psf 2007-05-03 2,134psf -343,392
Originally Posted by richwang
also interesting to note that paying premium prices for high floors at Reflections seem to have increased the probability of suffering losses.
Originally Posted by richwang
New colleague just rented a unit here. 1,9xx sq ft ground floor unit with patio. Sounded like a marina-facing unit. His budget was $8,500 so I think the rent he paid is around that amount.
could it be one of those which keppel is leasing out?
Originally Posted by starrynight
Dunno. But the agreement will cross my desk - will update then
Originally Posted by bargain hunter
While u guys still discussing about investors losing money in this project.
Like it or not. Another mega size unit just transacted @ $3,198psf
It is still a myth why people would pay so much more for high floors. Its a concerted effort by developers to create false precieved value.
Many projects sold their high floor at crazy prices. Those who bought the hype are still losing money.
What's so different between 10th floors over 30th floors? You still see pretty much the same stuffs but why pay 20% more?
Cost of building higher? Must recover cost ma
Originally Posted by AK47
I don't think this high price is due to high floor unit.
This unit should be a low floor villa of 3000+sqft size that is overlooking the Sentosa.
Low floor got mosquitoes, house flies, night flies, lizards, cockroaches, and more noisy? Also low floors many blocked by neighbouring blocks? Low floor hotter and less wind?
Originally Posted by AK47
$3.7m for 30th floor is only $1,676 psf :: quite ok compared with lower floor psf ???Originally Posted by AK47
30-732207$1,67614/05/2012$3,700,00025-731410$1,56011/05/2012$2,200,00025-721485$1,61614/05/2012$2,400,00018-851496$1,83115/05/2012$2,739,00016-731518$1,56814/05/2012$2,380,00016-721528$1,53114/05/2012$2,340,00015-721518$1,51514/05/2012$2,300,00011-751206$1,58819/04/2012$1,914,77011-751206$1,58819/04/2012$1,914,77009-961389$1,75726/04/2012$2,440,00007-151119$1,56422/05/2012$1,750,00006-521055$1,57324/04/2012$1,660,00005-941012$1,66028/05/2012$1,680,00004-791313$1,59020/04/2012$2,087,65003-981012$1,63030/05/2012$1,650,00003-661851$1,77223/04/2012$3,280,550
Reformatted. Clearly the owner of #XX-72, #XX-73 has sold lots of units in May. Thanks, Richard
#30-73, 2207 sqft, $1,676 psf, 14/05/2012, $3,700,000;
#25-73, 1410 sqft, $1,560 psf, 11/05/2012, $2,200,000;
#25-72, 1485 sqft, $1,616 psf, 14/05/2012, $2,400,000;
#18-85, 1496 sqft, $1,831 psf, 15/05/2012, $2,739,000;
#16-73, 1518 sqft, $1,568 psf, 14/05/2012, $2,380,000;
#16-72, 1528 sqft, $1,531 psf, 14/05/2012, $2,340,000;
#15-72, 1518 sqft, $1,515 psf, 14/05/2012, $2,300,000;
#11-75, 1206 sqft, $1,588 psf, 19/04/2012, $1,914,770;
#09-96, 1389 sqft, $1,757 psf, 26/04/2012, $2,440,000;
#07-15, 1119 sqft, $1,564 psf, 22/05/2012, $1,750,000;
#06-52, 1055 sqft, $1,573 psf, 24/04/2012, $1,660,000;
#05-94, 1012 sqft, $1,660 psf, 28/05/2012, $1,680,000;
#04-79, 1313 sqft, $1,590 psf, 20/04/2012, $2,087,650;
#03-98, 1012 sqft, $1,630 psf, 30/05/2012, $1,650,000;
#03-66, 1851 sqft, $1,772 psf, 23/04/2012, $3,280,550.
The taiwan lady?Originally Posted by richwang
#30-73, 2207 sqft, $1,676 psf, 14/05/2012, $3,700,000;
#30-73, 2207 sqft, $1,905 psf, 28/05/2012, $4,205,000.
S$4,205,000 - S$3,700,000 = $505,000
The transactions are within 2 weeks.
This must be an agent, no need to come up with capital, no need to pay agent fees.
Apart from normal Stamp duty, does the agent need to pay SSD, ABSD?
The agent has exercised the Option, but before enter into Sales & Purchase Agreement. So he has never "owned" the unit.
And then quickly sold to the real buyer.
Does he need to pay SSD since he has never been a "owner"?
This will open the door to flip (very fast flip).
Thanks,
Richard
2012-05-28 #30-73 2,207sq ft 1,677psf 2007-08-06 1,905psf -503,196
The first transaction was indeed in 2007,
The second transaction was in 2012.
The loss is half a million for the first owner.
Thanks,
Richard
Last edited by richwang; 07-07-12 at 10:00.
was told the taiwan lady bought block 1A, stacks 75-79. anyone knows if keppel has issued keys to all buyers? or are there a lot more buyers waiting to collect their keys?Originally Posted by hyenergix
Richard, can teach me how you reformat ?Originally Posted by richwang
thanks
from URA website : Reflections still got 282 units unsold. So resales will likely hover around $1,5XX ???
1,129 -847 282
all the sellers who lost money in 2012 bought in 2007.
Originally Posted by bargain hunter
Hi. Those who bought in 2007 was the launch of Keppel Bay?Originally Posted by bargain hunter
1997 was a peak,
2007 another peak,
2017 ?? do we need to wait for so long for the next peak?
And you can see, once rental cannot cover monthly payment, high end owners don't have the holding power. (Who says half a million real loss is nothing?)
Thanks,
Richard
Lease is running down.Originally Posted by richwang
Huat till 2017! Then can drop 50% after go up 100%....Originally Posted by richwang