To be exact, RT is the most talk about development in this forum (probably the other property forum as well) in the whole of Singapore, not just district 21. Based on hit rate, The Quartz is the second (distant second) most talk about development.Originally Posted by MC
Wow... impressive!
Govt has already said they are comfy with current rise of property prices. Put it this way... as long as HDB prices are controlled, the govt won't step in to cool the property market. 80% of population lives in HDB after all.
Currently, the rich ones are pushing up the high end developments. Those who can't buy the high end ones will look at mid-market... explains the rise. So, lets see if this will spill over to HDB eventually.
Any idea which unit this is?
Could it be the unit in Blk 99? Advertised in the papers for $1.3mil.
Can someone advise how much can RT rent out say for a 3BR after TOP?
3-Bed at Southaven is now going for $3K, so a new development like RT should be able to command $3.5-4Kpm.
Maybe too many speculators at RT so they trying to talk up the place. Buyers beware - buying something like this in a rising market could mean you are buying for speculators to laugh at you and laugh themselves to the bank.
Why would they want to speculate on RT? There are so many developments in this area not forgetting the whole of Singapore. Why just RT? I think RT is a hidden gem which was finally uncovered and hence the strong interest in this forum.
It all depends on how u see it.
I believe this speculative activity doesn't confine to RT only but rather to other mass market as well. Actually, how many RT sellers are there on ST paper on Saturday. Not many units selling, in fact.
The high hits or interest in RT is probably due to its unique factor, soon-to-be TOP and still low in prices as compared to GV, etc. These factors probably get many people excited.
The recent article in ST has also generated much interest in RT.
Hence, RT remains so much in the spotlight.
Not recommending at 450psf. Far too high. Top govt. people are saying "big shock" and "something's coming". Ignore them at your peril. It's not a "shock", it's "BIG". For 99-yearer, it's going to be quite bad.
Not recommending at 450psf. Far too high. ????? Are you ok??????? The current date now is 2 July 2007, FYI.
Saw your same posting everywhere... this is your full time job???
Been burnt badly before. I meant well. But it's up to you. If it's worth it, go for it. If it's not, and you are worried, then don't.
If this is from good intention, will take note and exercise caution from now on...
FYI, the lastes caveat lodged in June showed the rail facing unit at only 488 psf. A far cry from those dreamers who are talking about 700 psf. In fact, the pool facing 3+1 units are doing much better and are transacted at about the benchmark price set by the last few 3+1 uunits sold by developer at about 650 psf.
wat about those facing the nature/forest?
Hi the caveats lodged are passe. The latest unit sold was transacted at about $800. This is the new record breaking price for raintree!
where did you see it? URA website?
If its really 488psf, I would like to purchase another unit for my parents to stay in. I think it is really worth is at 488 psf! This is really the 2006 pricing you are talking about.
Someone posted this at the other RT forum:
"Comments: Not recommending at 600psf. Far too high. Top govt. people are saying "big shock" and "something's coming". Ignore them at your peril. It's not a shock, it's BIG. "
Sounds similar...
Here it is:
http://spring.ura.gov.sg/lad/ore/rea...n.cfm?survey=1
I think you need to go to URA website yourself and look into the latest caveat for "the raintree"
it doesn't seem to work by entering the page for raintree directly
I only see the latest at 488psf in June 07.
What is the nice thing about RT is that just looking at the size of the unit, you can tell where is unit is facing. For example, all 1270 sqf units are 3-BR rail facing units.
In URA's press release today:
"...The increase in private housing prices in recent quarters is in line with greater economic growth and rising confidence. Private housing prices are now increasing at a faster pace because of good economic prospects going forward and the increasing attractiveness of Singapore as a global city."
This is the comments made by the developers,
Didn't you read the signals sent by the peoples that count last week.
"....a big shock...is coming...possibly before the end of 2008..."
Sorry hor! This comment came from URA. They are justifying the current rise in property prices. URA is not a developer.
How can it be $488psf? I will buy 5 units if they are available.
These transactions are possibly between families, relatives or on goodwill.
It is once in a blue moon kind of transaction.
The latest (last week) bank valuation for RT rail unit is about $590psf now.
Agree with you, it must be one out of the haystack. Good to hear valuation had risen and forest view will have higher valuation? I own one facing the forest....
Posting Permissions
Reply With Quote