Used 'dogs' for implied emphasis.Originally Posted by Geylang OKT
Used 'dogs' for implied emphasis.Originally Posted by Geylang OKT
gfoo has the intellect the size of a peanut, so save ur effort educating him and leave it to his primary school teacher...
Originally Posted by Geylang OKT
err.. care to share where your "new condominium in the central" is?Originally Posted by franzmark
i mean your tone make it sound like it's some big deal, so i shan't disappoint u by not asking where it is ...
where i live or am going to live is no big deal unless gfoo is interestd in becoming a security guard there then i may decide to put in a word to the security agency to have him hired as a guard there b4 TOP in 2011. But again he will definitely fail his security tests, so why shud i bother in e 1st place.Originally Posted by august
but in e 1st place u the one who brought it up mahOriginally Posted by franzmark
say lah.. since u say no big deal mah
u interested in working for the development as well?Originally Posted by august
see which development lor.. say lahOriginally Posted by franzmark
haha say out so u can criticise? I wont do that. All i can say is mre than 150 happy households will move into e condo upon topOriginally Posted by august
criticise? aiyo why so negative leh ... tsk tsk tskOriginally Posted by franzmark
only to those who can't take criticism ~ heeOriginally Posted by franzmark
hv a nice weekend
hi guys i guess can call an end to this thread liao lah....last unit #02-01 for illuminaire was sold this morning =) 100% sold out in 3 days preview.
next upcoming projs...the bellerive @ keng chin & Mt Sophia suites
keen to find out more can email me @ [email protected]
Cheers to all...mkt sentiment is really improving...6 units in rv suites sold today...balance last 12 units~~
Great! Let us now wait for desperate sales at 1500psf b4 TOP.Originally Posted by home-run
Has anyone in this thread bought a unit?
If yes , would appreciate if you can give ur honest comment on why u wana buy?
To us , my view is on this project sucks...
1) why developer wans to built a HS in the middle to the room?
wat is their true implication? no one knws
2) When we went to the showflat, you know why the bed was custom make to round in shape.
Cos with a super single, with the HS door in, I think you cant really open the door wide .It maybe block by the bed
3) showflat is alway make to the best outlook to viewer.
When you want to sell, if buyer make a comment eerrrrr why the hS is built in the middle of the unit....you cant explain
I understand now is not a must to built a HS in the unit.if yes , then why RV , mecury , Alexis , Kebambang suits are not built with a HS ?
I do not deny the location is superb.Im sure once the place is built , price around the area will go down.
Of course , buying a properties is personal.I just wana know the reasons
I am not a buyer there, but isnt the reason for the buying obvious. They are mainly speculators who await the price to pick up in the central so they are those who don't want to miss the wave..
Originally Posted by Acer
Originally Posted by home-run
US directs GM to prep for bankruptcy filing-NY Times
Mon, 13 Apr 2009 03:08:00 GMT
WASHINGTON, April 12 (Reuters ) -
The U.S. Treasury Department is directing General Motors GM.N to lay the groundwork for a bankruptcy filing by June 1, even though the automaker has publicly stated it could reorganize outside of court, The New York Times reported on Sunday.
GM is operating under emergency U.S. government loans. It has been told by the Obama administration's task force overseeing its bailout that it must cut costs and reduce its debts in order to continue to receive aid.
The White House-appointed autos task force has given GM 60 days to come up with a restructuring plan and it is trying to determine whether the automaker can be a viable company.
Quoting sources who had been briefed on the GM plans, the Times said the goal was to prepare for a fast "surgical" bankruptcy.
The newspaper said preparations are aimed at assuring a GM bankruptcy filing is ready if the company is unable to reach agreement with bondholders to exchange roughly $28 billion in debt into equity in GM and with the United Automobile Workers union.
A plan under consideration would create a new company that would buy the "good" assets of GM after the carmaker files for bankruptcy, the Times said.
Less desirable assets, including unwanted brands, factories and health care obligations, would be left in the old company, which could be liquidated over several years, according to the paper.
Treasury officials are examining one potential outcome in which the viable GM enters and exits bankruptcy protection in as little as two weeks, using $5 billion to $7 billion in federal financing, a person briefed on the matter told the Times.
The Times sources declined to be identified because they were not authorized to discuss the process. Both GM and Treasury Department officials declined to comment, the newspaper said.
Last week, GM's chief executive said the automaker wanted to restructure out of court, but also preparing for a bankruptcy filing.
GM......Illuminaire......what is the link?
Originally Posted by cheahsg
to remind people dark clouds are still lingering around...
dark clouds always looming in the skies, but one thing is certain, the land below the clouds in singapore will always remain unchanged in terms of size (plus minus a few tens of square kilometres due to land reclamation).
http://www.businesstimes.com.sg/sub/...79940,00.html?
Published April 11, 2009
Surprise all round as buyers snap up units at Illuminaire
3 units left after previews began on Thursday
By UMA SHANKARI
NINETY-SIX per cent of units in the freehold luxury condominium Illuminaire on Devonshire have been sold at an average price of $1,700 per sq ft since previews started on Thursday, developer EL Development said yesterday.
SMALL IS GOOD
The freehold District 9 condominium consists entirely of one- and two-bedroom apartments
By 5pm yesterday just three units were left in the 72-unit, 19-storey project. They were all on lower floors, said the company's managing director Lim Yew Soon.
The quick sales took many - including Mr Lim - by surprise. 'We are a bit surprised at the results,' he said. 'We were expecting it to be about 50 per cent sold.'
While transaction volumes picked up in the first quarter of the year, most activity has been in the mass market segment.
CB Richard Ellis put the take-up of new homes in Q1 at between 2,000 and 2,200 units - the highest since Q3 2007. But no new high-end project was launched in Q1.
Analysts, as well as Mr Lim, attributed the success of Illuminaire to the small size of the units, which means the absolute amount a buyer had to fork out was not as much as with bigger units.
The project consists entirely of one- and two-bedroom apartments. One-bedroom units, which are 441 sq ft or 463 sq ft, all cost less than $800,000. And all the two-bedroom apartments, which are 635 sq ft or 721 sq ft, sold for under $1.25 million.
Small units are proving popular in the current downturn. In Q1, for example, shoe-box units in city-fringe locations were snapped up. Projects such as Alexis, Nova 88 and The Mercury sold well, at prices ranging between $900 psf and $1,200 psf for unit sizes of 340 sq ft to 750 sq ft. Most of these units were sold at an absolute quantum of less than $600,000.
The quick sales at Illuminaire could be due to investors wanting to own a property in prime District 9 without paying too much upfront, said Nicholas Mak, director of research and consultancy at Knight Frank.
'Traditionally, it has always been hard to find anything in District 9 for less than $1.3 million,' he said. 'With this project, investors had the opportunity. I won't say this points to a recovery in the high-end market.'
Most of the buyers at Illuminaire were Singaporeans or permanent residents, Mr Lim said.
EL Development offered buyers an interest absorption scheme. Illuminaire is expected to receive its temporary occupation permit by Q1 2012 at the latest, Mr Lim said.
The project was marketed by Huttons Asia.
Also, does anybody know what are all those structures on top of the SingTel building nearby? Are those radio transmitters, repeaters, or? I never like living so close to such strong radio transmitting devices like this (or the big satellite dish etc). There are already reports that putting a handphone (which is a micro-radio transmitter & receiver by the way) to the ear for too long is not good, what about putting such mega-transmitters close to us for 24 hours a day, 7 days a week, 365 days a year? I never like the thought and the feeling. Any electronic engineering expert can comment?
Originally Posted by Acer
I guess Cheahsg posted that GM article because homerun was saying "mkt sentiment is really improving..." which is not exactly true because it's still very much a period of uncertainty.Originally Posted by franzmark
As the saying goes, buy when others fear, fear when others start buying....
Originally Posted by nusnam
But do others really fear? I don't think so. Not with so many buying with abandonment.Originally Posted by franzmark
But who are we to question why those that buy buy. if they want to commit financial suicide and be declared a bankrupt, let them do it. Who are we to stop them.
the way I see it, the more people buy, the more will default on their loans, the more danger the banks will be put in. When banks can no longer lend, the market will crash, then we can pick up some real bargains.
same here.. i hope the recent buying spree at new launches is just a cover up for the declining market and then the 'real' bargains start popping up..Originally Posted by stalingrad
*rub hands*
I am sure the government is watching with concern that so many people are buying these chicken coop units. government is worried not because it worries about the buyers suffering losses in the future. it couldn't care less if these morons buy with abandonment. It worries about the health of the banks.Originally Posted by nusnam
However, if we see it in another way, because they are buying these small units at very affordable prices in absolute value term (mostly below $1m), don't think many can't afford (they can be considered prudent in another sense in that they are just buying a $1m home & not $2m or $3m or more?). By a rule of thumb, to afford a property of $1m, the purchaser just need a household income of $8k and above (of which more than 20% of household in Singapore can afford anyway).
Originally Posted by stalingrad
When recession deepens, how many of these chicken poop buyers will be able to pay back the loans after they lose their jobs. economic growth is now in the double digit negative territory. Many jobs will be shed, and many will not be able to pay back loans. and foreclosures will soar.Originally Posted by teddybear
oh well, another one of your subtle ways to convince others its ok to buy such overpriced properties if $8K household income is all that is needed to buy a 1 million property, many of us could have easily bought a couple. but the reality is its not true! the cost of living in singapore is not low. already at $8K/mth ceiling, some couples claim they can barely afford hdb flats!Originally Posted by teddybear
bottomline, what you are advocating is very risky for such borderline folks to commit to million dollar homes and leave them no room to manoeuvre in these uncertain times. should any lose their job or suffer a paycut, it may result in a firesale and financial ruin for them.