The Sea View (D15, Freehold, Wheelock Properties)

[focus]

Then what are your alternatives?

Wait and wait and wait... I've got a roof over my head.. no hurry.

Worse come to worse..
I'll be the scuker that will pay $700k for a Pinnacle@Duxton when HDB released the remaining 111 units.

I'm also interested in landed for investment..

[xebay11]

Wait and wait and wait... I've got a roof over my head.. no hurry.

Worse come to worse..
I'll be the scuker that will pay $700k for a Pinnacle@Duxton when HDB released the remaining 111 units.

I'm also interested in landed for investment..

What is the roof over your head? Is it freehold? do you need to sell to buy Seaview? and also how come you can buy Pinnacle, your household income less than $8K?

Becos unless you own FH property and have enough cash to buy Seaview without the need to sell your own self stay unit and must be confident that your self stay unit you sell can make you good profit to upgrade then your strategy might work. Or else better bite the bullet and go.

[xebay11]

the soil analysis done doesnt mean is for testing for mrt station. But if is true, good. Saw this newspaper article in silversea showroom that the so call marine parade line will be ready by 2020, but do not know the actual position of the station. the plot of land opp PP actually is a good guess as if you are familar with marine parade area, there are not many plot of open space for building the station. But still is a guess.

Actually people like FEO head honchos know enough Govt officials to have privelledged information, they actually have to work with the Government closely on the Masterplan and development of Singapore, so they do have alot of confidential information, that is why they bought Amberville and Rose Garden en bloc at high prices, they are no fools.

[august]

Wait and wait and wait... I've got a roof over my head.. no hurry.

Worse come to worse..
I'll be the scuker that will pay $700k for a Pinnacle@Duxton when HDB released the remaining 111 units.

I'm also interested in landed for investment..

Imo the window to buy has closed for now bcos everything has shot up, too fast. I think many ppl knows this but their hearts tell them otherwise ~

But when it comes to $$ it is best not to make decisions based on 'heart'..

[nochoice]

Imo the window to buy has closed for now bcos everything has shot up, too fast. I think many ppl knows this but their hearts tell them otherwise ~

But when it comes to $$ it is best not to make decisions based on 'heart'..

I thought of that too, I have been looking to buy a second property since last year. Last year, begining of sub prime, start looking. late last year, friends and parents said property price will drop further, so didnt offer even saw some good unit. Early this year, really drop further, still people said whole year will drop another 20-30%, so didnt buy, decide to wait and see. then suddenly from march onward property price and interest suddenly move up, start to offer a few units, but seller dont sell. from then onward, price start to fly. Guess i will have to wait another down cycle.

[xebay11]

Imo the window to buy has closed for now bcos everything has shot up, too fast. I think many ppl knows this but their hearts tell them otherwise ~

But when it comes to $$ it is best not to make decisions based on 'heart'..

But also if you are holding on to LH property, waiting will cause your property to depreciate and when the opportunity presents itself, you may not be able to sell at good price.

[august]

But also if you are holding on to LH property, waiting will cause your property to depreciate and when the opportunity presents itself, you may not be able to sell at good price.

yes true, but increasingly this no longer applies to prime areas. OCR or maybe some RCR mass mkt properties yes.

Ultimately imo, location trumps FH/LH ~

[nochoice]

yes true, but increasingly this no longer applies to prime areas. OCR or maybe some RCR mass mkt properties yes.

Ultimately imo, location trumps FH/LH ~

To me, a not so bad location + FH is the best like some of the D15 properties. For LH, if i bought it new, then is ok, but will sell it within 15 years. I will not buy those sub sale LH unit with more than 20 years as loan will be a problem. And after 10-20 years if I want to sell, it will be a diaster, unless like what people say, waiting for en bloc.

[xebay11]

To me, a not so bad location + FH is the best like some of the D15 properties. For LH, if i bought it new, then is ok, but will sell it within 15 years. I will not buy those sub sale LH unit with more than 20 years as loan will be a problem. And after 10-20 years if I want to sell, it will be a diaster, unless like what people say, waiting for en bloc.

I agree on your points on FH and LH.

Enbloc is out of the question for newer developments as they are so super built up.

[xebay11]

yes true, but increasingly this no longer applies to prime areas. OCR or maybe some RCR mass mkt properties yes.

Ultimately imo, location trumps FH/LH ~

True but developers also know that, and these days they are smart, unlike older LH properties which were generally lower in price, now they sell at prices you can never recover from in the long run.

[andy]

I thought of that too, I have been looking to buy a second property since last year. Last year, begining of sub prime, start looking. late last year, friends and parents said property price will drop further, so didnt offer even saw some good unit. Early this year, really drop further, still people said whole year will drop another 20-30%, so didnt buy, decide to wait and see. then suddenly from march onward property price and interest suddenly move up, start to offer a few units, but seller dont sell. from then onward, price start to fly. Guess i will have to wait another down cycle.

I agree that earlier this year it is not easy to buy since very few units for sale. If you don't need it now suggest don't buy. However don't regret later.

[shespawn]

Wait and wait and wait... I've got a roof over my head.. no hurry.

Worse come to worse..
I'll be the scuker that will pay $700k for a Pinnacle@Duxton when HDB released the remaining 111 units.

I'm also interested in landed for investment..

you think want pay $700k can get it ah? still got to ballot if response is good. also combined income ceiling is 8k, unless you self employed can declare anyhow lah.

[august]

True but developers also know that, and these days they are smart, unlike older LH properties which were generally lower in price, now they sell at prices you can never recover from in the long run.

precisely it makes no sense to buy the new launches as some of these projects the developers overpaid during the peak.

[nochoice]

thats why I will still stick to my search on FH in D15, SV is still my no.1 choice, FH, land is big, unit 500+ (acceptable), near PP, even 30 years later, chance of enbloc will be high if then there is mrt and PP is still popular. The only thing is price is beyond my reach. Maybe OA will be my alternative if price were to come down to around 900psf.

[xebay11]

thats why I will still stick to my search on FH in D15, SV is still my no.1 choice, FH, land is big, unit 500+ (acceptable), near PP, even 30 years later, chance of enbloc will be high if then there is mrt and PP is still popular. The only thing is price is beyond my reach. Maybe OA will be my alternative if price were to come down to around 900psf.

Same sentiments too, but I think I missed the boat already, don't be surprised if prices runaway again with the IR starting up.

[nochoice]

Same sentiments too, but I think I missed the boat already, don't be surprised if prices runaway again with the IR starting up.

then I will bite the bullet, get one 2 bedder in double bay, when till top then if can filp, sell, if cannot, then rent, if rental too low, then rent out my hdb and stay there.

[xebay11]

then I will bite the bullet, get one 2 bedder in double bay, when till top then if can filp, sell, if cannot, then rent, if rental too low, then rent out my hdb and stay there.

Sounds good to me. Er but have you got your 2 bedder yet?

[nochoice]

Sounds good to me. Er but have you got your 2 bedder yet?

no, 2 bedder asking quite high in resale market, at this rate, dont think I can flip when top.

[xebay11]

no, 2 bedder asking quite high in resale market, at this rate, dont think I can flip when top.

That is what I thought, looks like everyone already got their seats in the game of musical chairs, must wait for next round

[Miow]

is it confirmed that the MRT is opposite PP? if it is, not to mention SV, it will bring interest in nearby property, esta, OA, cote d azur, parc seabreeze etc.

There's a mrt in the vicinity, whether it's the marine parade station or the tanjong Katong station. I can't see how it can be opposite to PP as the opposite colonial bungalow is a conservation property? Earlier I heard it would be next to PP. The shop houses, hawker centre, wet market, HDB apartments, etc next to PP would be gone. There's a redevelopment plan for the entire area.

Worth noting, the mrt line will only be completed in 2020, some 11 years away! I think it's too far away to have a substantial impact on today's values. There will be a big downcycle before 2020, in my opinion!

[proud owner]

There's a mrt in the vicinity, whether it's the marine parade station or the tanjong Katong station. I can't see how it can be opposite to PP as the opposite colonial bungalow is a conservation property? Earlier I heard it would be next to PP. The shop houses, hawker centre, wet market, HDB apartments, etc next to PP would be gone. There's a redevelopment plan for the entire area.

Worth noting, the mrt line will only be completed in 2020, some 11 years away! I think it's too far away to have a substantial impact on today's values. There will be a big downcycle before 2020, in my opinion!

totally agree

sporeans are just too eager ... paying future price ... by the time MRT is up .. the condo maybe already 10 yrs old ...

look at west coast .. the MRT will be running next year .. at least there more reason to bid up the price ..

[DC33_2008]

There's a mrt in the vicinity, whether it's the marine parade station or the tanjong Katong station. I can't see how it can be opposite to PP as the opposite colonial bungalow is a conservation property? Earlier I heard it would be next to PP. The shop houses, hawker centre, wet market, HDB apartments, etc next to PP would be gone. There's a redevelopment plan for the entire area.

Worth noting, the mrt line will only be completed in 2020, some 11 years away! I think it's too far away to have a substantial impact on today's values. There will be a big downcycle before 2020, in my opinion!

Do you think it will be closer to Schools?

[proud owner]

Do you think it will be closer to Schools?

am i thinking what you are thinking ??


school nearer MRT commands higher school fees ??


wow chiong ah ... all go apply that school ...

[xebay11]

am i thinking what you are thinking ??


school nearer MRT commands higher school fees ??


wow chiong ah ... all go apply that school ...

Huh? And pay higher school fees?

[echotrain]

That is what I thought, looks like everyone already got their seats in the game of musical chairs, must wait for next round

Don't worry. There is always the next round.

But. During the next round if you think conservatively again, you will miss the boat again.

My thinking is that you need not buy at the bottom. Just need to buy whilst the market is rising. So if you subscribe to this thinking, you would have bought when the prices start to rise.

Then comes the question... are the prices rising now? I think they are...

[xebay11]

Don't worry. There is always the next round.

But. During the next round if you think conservatively again, you will miss the boat again.

My thinking is that you need not buy at the bottom. Just need to buy whilst the market is rising. So if you subscribe to this thinking, you would have bought when the prices start to rise.

Then comes the question... are the prices rising now? I think they are...

More like they have peaked.

[Miow]

Do you think it will be closer to Schools?

Aiyo, how far can it be? The whole area is so small and a mrt station has multiple exits. Of course it would be within walking distance to the schools as well as to all the surrounding condos. Walking distance means walking that takes up to 20 minutes.

[nochoice]

There are 2 stk of studio in SV, stk7 (poolview)& stk 20 (face katong). let says a difference of 60-80k same floor. which facing would u guys choose?
I will choose stk 20 and save the 60k.

[condoinvestor]

1410 sqf done at SGD 2m, amazing.....

[East Coast Boy]

1410 sqf done at SGD 2m, amazing.....

Unit #19-09 sold at $1,418 psf. Highest still unit #17-07 sold at $1,494psf....