I wonder who is the idiot here? That person didnt say $755 psf but said he paid $830psf and REP was posting the lodged caveats which doesn't show any $830 psf, nor any transactions near $830 psf, whether caveats lodged or not.
Well, REP was quite subtle in suggesting that ryanyuen was actually posting rubbish because why would anybody pay so much more than the `market' rate unless he is indeed unaware of the market rates or he is either an agent marketing a Penthouse there or an owner trying to sell one. No apologises from me for being direct.
Incidentally there were indeed a few owners trying to sell Penthouses there and the quoted asking price to me were around $800 psf.
So ryanyuen could be trying to give people the impression that there is a `support' level of $830 psf for Penthouse in Carabelle. So when he tries to sell at $800 psf to potential buyers, he will say, look, this is a discount from another unit that were `sold' for $830 psf.
C'mon Reporter, get a grip of yourself. Are you getting nervous that property prics, not only is it not rising, it is in fact declining? Wake from from your dream, sorry, I mean nightmare, its no longer a nightmare, its REAL. If you can hold your properties, just hold on. If not, unless you are willing to sell at close to 2005-early 2006 px, then be prepared to face the consequences like a man. All your bullish talk and `lecture' of REP will not move prices up an inch.
Carabelle is one project which I believe has a lot of speculators as it was sold out in relatively quick time. Besides, there is also huge supply there with 4 condos near to each other. And when the Parc TOP, which is another highly speculated project, I'm certain prices in this part of west coast is bound to drop.
Incidentally I viewed a unit at The Stellar over the weekend. Units there are asking $800 psf too, just for info if anybody is interested.
PS: I actually can appreciate why REP gave himself such a nick