Don't get too trigger happy with this being a fire sale, its still way above the figures these investors bought during early 2006Originally Posted by spikey69
Don't get too trigger happy with this being a fire sale, its still way above the figures these investors bought during early 2006Originally Posted by spikey69
Real fire starts when people are off loading at below launch price, and doing at desperate pace.
dont be so naive that everyone also start having fire sale......
Not everyone will be affected in this downturn market
Are u still eating and sleeping well ?
Are u also selling your own house at fire sale?
If not why keep on thinking that everyone is selling at fire sale
when u yourself think your house is worth that good money unless
your house is Gold Plated?
Anything below $700psf is worth considering
$700 psf for higher floors will make my day!!!Originally Posted by spikey69
That is true....Originally Posted by buy
....but but we dun own multiple units under DPS leh.....
Further more, even if it is $700 psf, I only could afford it in later 2010Originally Posted by southpark2000
For that to happen, you have to recce out which are the projects with many speculators who have not much money.Originally Posted by firec
One Amber doesn't seem to have many gamblers, most were buying for own stay. When it was launched, the property fever had not hit yet. The subsale prices also weren't that high compared to Sea View. So IMO quite safe.
But if you want to know, my bet is on Seafront @ Meyer to crash. This one when launched they had people queuing up, many even paid others to queue up for them. I looked at the cars in the car park, looked at the addresses in the guest book. Didn't seem like very rich people to me. I looked at the showroom, many middle aged men and women, probably retired, got money for downpayment but maybe no job for them to secure loan when condo TOP.
This one will crash.
People who bought the units at the preview paid < $700 psf so at the current market price, they will still make money if they choose to cash out.
Agree with PP, look at Seafront @ Meyer, Aalto and Silversea.
It does not matter what price they bot for. For example, if your Father gifted you an apt would u sell it cheap?
Of course there is a reason for selling cheap.. cannot afford loan, liquidate, migrating etc.. of course in this current market, they cannot afford to sell high that's for sure. So if one can hold, of course wun sell.Originally Posted by Localite
Well said. But there are those who are still sitting on profits, so if they expect market to deteriorate they can sell now and buy/invest again after prices have declined further.Originally Posted by dtrax
My view is that the selling / buying is due primarily to market sentiment. When sentiment is bullish every tom dick and harry buys 1, 2 apts. when sentiment is bad then ppl sell in anticipation of price drops. those who need to buy think twice and delay their decisions. deflationary environment can be a dangerous thing.Originally Posted by dtrax
my view on ppty prices is simple. sentiment is embodied in sti. look at sti today it's 1800. what was the ppty price when sti was at this level before? i think it was in 2006 or even 2005.
S$700 psf is reasonable to me in this area, usually ppty will lag behind stock for some timeOriginally Posted by Localite
People make decision majority based on emotion although almost everyone say that he/she based on facts Also selling property is not as eay as sell stocks further more cost a few % of its value, and very very few people have the ability to make fast decision, especially for such big deal, so most will wait & see and wait & see... You can see people hold shares from 3600 to 1800 and still not sell, so called "long-term" investors Make decision is a tough thing for most people....Originally Posted by firec
BT reported yesterday that "four recent sub-sales have been transacted at 20% below launch price". (Google this sentence to read the article.)
Will the same happen to One Amber?
hi, anyone know how many lift is serving one blk which has 6 to 7 unit per blk? Thinking of getting a studio or 2 bedder there. Thks.
These are for property price which has went up into ridiculous price range during the peak. Dont think it will happen to amber at least in near term.Originally Posted by firec
If the situation continues in > a year, then very likely
Yes, many speculators in singapore market tend to be too opptimistic for their own good. When i let go my unit before the real crash in, i kena slammed in skyscrapercity for being a coward and short term, a certain individual said that i would regret somemore, haha...Originally Posted by VIPCLUB2004
Right now he is very sour like a bitter old man.
"Long term" just does not apply to speculation. My uncle held some blue chips during july 08' i told him to sell so that he can buy back again...
as per normal.... did not listen.....
Sigh.....
Casa Merah, Tierra Vue, Ardmore II, RiverGate, Grand Duchess at St Patrick’s, and One-North Residences are all selling at launch price or lower.
http://www.salary.sg/2009/expect-the...ty-will-crash/
Fortunately for some investors and owners, the following projects are still sitting on double-digit profits: One Jervois, Carabelle, ClementiWoods Condominium, The Inspira, Imperial Heights, The Centris, Newton One, The Esta, The Beacon, and Tribeca.Originally Posted by firec
But for how long?Originally Posted by East Lover
The Centris is confirmed out - see todays paper lolOriginally Posted by East Lover
Hi there,
For all the people who have been following the threads here, you will realise I am a scavenger. Anyway to all agents who plough this forum, I am offering to buy a 4 bdrm unit for 700psf at One Amber. Those who are interested in my business can PM me.
If you want to suan me or scold me or insult me, please do so in the post alone and leave my mailbox open for those who want to do business. Thanks.
dunno if u will get wat u want...i guess not , cause many ppl snapping up those 8xxpsf and this dudes are the ones tat are buying for own stay, so perhaps u gonna wait another 5yrs for it to be sold at 700psf
but im not saying its impossible......there might be sellers in financial trouble maybe this yr or next few yrs....but if there is a unit now for sale @ 700psf...trust me...there are many and i mean many waiting to pounce on it unless u are super fast to offer...u will be figthing with another 100 buyers and eventually the price will be jack up in the process.
Well if you ever go to an auction and the item on sale is hot...u will know waht i mean.
Agree... Don't know px wll fall to what level, but the cheapest may not be what i want for own stay...Originally Posted by watprice
Any idea when One Amber will TOP? most property websites say 2010..but should be sooner rite?
In any case, I am the type who would want to buy a place only when its completed and I can see the unit facing and everything. So I will only be willing to buy on paper at 700 psf. Maybe after One Amber is completed, and I really like the unit I might consider offering closer to what is the market rate at that point of time...
an agent pip just told me dec 09 today. your $700 is now to high. New smaller boutiques now going for $4xx-$6xx but must bargain hard.Originally Posted by Sean.G
the next couple of months will be fun
i have visited the site for the past few months to have a look at the progress....seems getting slower each day....to date, some window frames are up and they are doing the roof for the 4 blocks already....not much significant progress....wonder when will be the actual TOP....
gfoo. Which projects at east area asking for $4xx-6xx? U confirm is psf ? I would like to get 1 if its really $4xxpsf. Assuming you are rite...$4xxpsf should be for bigger units and $6xxpsf will be for smaller units, possibly 1 bedrm.Originally Posted by gfoo
That works out to be cheaper than a HDB in Marine Parade. Are You Sure???