8@Woodleigh (D13, 99 years Leasehold, Fraser Centrepoint)

[2824]

Yah, going to be difficult. Dakota has plentiful of amenties, woodleigh/ pp only has potential to offer.

I also read in the papers recently that the govt is going to develop Simpang and Tengah once pungol is full. There is no mention of woodleigh, abit like kanna mothball and forgotten .

Think may be a bit difficult, as it has less to offer compared to WB; smaller plot, less facilities etc. Developer will definitely need to think hard to make it less mass market appeal.

[bargain hunter]

by releasing the recent site, i guess its in a way "developing" the area?

i think the govt is referring more for hdb flats with regards to simpang, woodleigh should be a more private estate area.

Yah, going to be difficult. Dakota has plentiful of amenties, woodleigh/ pp only has potential to offer.

I also read in the papers recently that the govt is going to develop Simpang and Tengah once pungol is full. There is no mention of woodleigh, abit like kanna mothball and forgotten .

[scsc]

by releasing the recent site, i guess its in a way "developing" the area?

i think the govt is referring more for hdb flats with regards to simpang, woodleigh should be a more private estate area.

Dun forget abt the future Bidadari New Town

Any DBSS over there will have superb view on the hilly grounds...
Simply standing on the bare ground there, it is oredi on the same viewing level of the Siemens top floor...

But such developments will depend on population & housing demands...
It is just a Lump of potential in woodleigh awaiting to be unlock.... which also depends on the future of PP

[sleek]

Yup, the view from the top of Bidadari is nice.

Dun forget abt the future Bidadari New Town

Any DBSS over there will have superb view on the hilly grounds...
Simply standing on the bare ground there, it is oredi on the same viewing level of the Siemens top floor...

But such developments will depend on population & housing demands...
It is just a Lump of potential in woodleigh awaiting to be unlock.... which also depends on the future of PP

[5577]

Yah, going to be difficult. Dakota has plentiful of amenties, woodleigh/ pp only has potential to offer.

I also read in the papers recently that the govt is going to develop Simpang and Tengah once pungol is full. There is no mention of woodleigh, abit like kanna mothball and forgotten .

So if it is 'potential' that we are selling at this moment, then what is the fair price that we should be putting on the price tag at this point in time?

Of course, must take into account the price of the surrounding property as well....

[sleek]

[scsc]

So if it is 'potential' that we are selling at this moment, then what is the fair price that we should be putting on the price tag at this point in time?

Of course, must take into account the price of the surrounding property as well....

haha... easy... just ask QingDao, then take the cue from them if their project sells...

else can always check the nearby comparable projects but u have to take them at the pinch of salt... cos too many variables..

[5577]

haha... easy... just ask QingDao, then take the cue from them if their project sells...

else can always check the nearby comparable projects but u have to take them at the pinch of salt... cos too many variables..

I guess it should be easy to put a price on our units if Qing Dao's project sells... What if it doesn't?

And (touchwood!) what if our project TOP at a time when the sentiments are bearish instead?

I'm just trying to play devil's advocate here.... since most people are only talking about the good times in the future...

[devilplate]

TOP during downturn jus hold tight

if crash now..better for 8wood owners...by the time TOP, market bullish liao

[5577]

TOP during downturn jus hold tight

if crash now..better for 8wood owners...by the time TOP, market bullish liao

The issue is how bad will the crash be? Will current owners be asked to top up their loan by the bank? (If this happens, economy must be really baaaaaddddd!!!!!) And will the price recover to the range that owners paid?

[2824]

Wow, that is a scary thought.
The lady from the bank did also assure me that for mass market type homes they almost never ask for top-up.
But things do seem to be getting more uncertain

The issue is how bad will the crash be? Will current owners be asked to top up their loan by the bank? (If this happens, economy must be really baaaaaddddd!!!!!) And will the price recover to the range that owners paid?

[5577]

Wow, that is a scary thought.
The lady from the bank did also assure me that for mass market type homes they almost never ask for top-up.
But things do seem to be getting more uncertain

Of cos, like all owners, I hope that day will never come.... but it's getting harder to predict....

From what I understand, if bank starts to call for top up, those who borrow 90% will be called upon first, followed by those who borrowed 80%....

[2824]

I heard it is like if borrow 90% and then prices/ valuation drop 15%, the bank might ask you to top up 5%. That's why the 90% is first in line. (anybody can confirm?)

Of cos, like all owners, I hope that day will never come.... but it's getting harder to predict....

From what I understand, if bank starts to call for top up, those who borrow 90% will be called upon first, followed by those who borrowed 80%....

[5577]

I heard it is like if borrow 90% and then prices/ valuation drop 15%, the bank might ask you to top up 5%. That's why the 90% is first in line. (anybody can confirm?)

I heard the same.

That's why it's a scary thought that prices may crash to lower than 20% of the price...

Think about those who got burned in the last round.... some never recovered... but anyway, I dun think we bot at the peak (since there are people who bot at $1100 or $1200 for suburb dev.) but its still something we should be careful of and think about....

[azeoprop]

Now is the time to accumulate cash, once the next downturn, showhand again...haa haa.

[5577]

Now is the time to accumulate cash, once the next downturn, showhand again...haa haa.

I presume you must be optimistic about the price we paid for 8@W then...

...assuming that no top ups is required should any misfortune happens. :P

[scsc]

I guess it should be easy to put a price on our units if Qing Dao's project sells... What if it doesn't?

And (touchwood!) what if our project TOP at a time when the sentiments are bearish instead?

I'm just trying to play devil's advocate here.... since most people are only talking about the good times in the future...

Whenever there is Bear, there is also a rainbow of honey... Just dun get over-stretch on ppty investing & that would be fine..
The most is back to kampung days on zinc roof... haha.. not many left nowadays

Govt wont let spore go on free-fall (have some faith)

[new2mondrian]

I heard the same.

That's why it's a scary thought that prices may crash to lower than 20% of the price...

Think about those who got burned in the last round.... some never recovered... but anyway, I dun think we bot at the peak (since there are people who bot at $1100 or $1200 for suburb dev.) but its still something we should be careful of and think about....

At the end of the day, leverage remains as a double-edged sword. But as long as one is not over-leveraged and has sufficient cash buffer to service any 10-20% top up, then should be quite alright I guess.

The high end segment is more vulnerable. If one buys MBR at $3300psf, the risk exposure is far larger than someone else who buys mass market condos at $600-$850psf. For the banks to perform cash top-ups (esp for individuals who have been prompt in servicing their loans) on mass market properties may lead to mass hysteria and pandemonium. The likelihood of this happening should be pretty low.

[Komo]

The issue is how bad will the crash be? Will current owners be asked to top up their loan by the bank? (If this happens, economy must be really baaaaaddddd!!!!!) And will the price recover to the range that owners paid?

History will just repeat itself all over again!
Those who bought over $1000psf were hard hit during the previous downturn. That's why I discipline myself to pay 20%.
80% loan is quite safe.

[jlrx]

History says that property prices always go up in the long term hence properties should only be bought and not sold.

[devilplate]

suddenly so gloomy...

but...no firesales spotted yet...

[scsc]

suddenly so gloomy...

but...no firesales spotted yet...

so are u creating a safety net to catch those firesales?

[azeoprop]

so are u creating a safety net to catch those firesales?

Got lobang must share har....

[sleek]

Must get safety net ready hor?

Got lobang must share har....

[scsc]

juz dun catch one of foxconn employees

[azeoprop]

juz dun catch one of foxconn employees

http://www.youtube.com/watch?v=NJ-mytQ-Z38 <--- like this? haa haa

[devilplate]

so are u creating a safety net to catch those firesales?

some agts ask me to sell as market may 'crash'

i told them tat i am more interested to kio 'durians' if it realli happen

[sleek]

Haven't seen that in ages!

http://www.youtube.com/watch?v=NJ-mytQ-Z38 <--- like this? haa haa

[sleek]

Since early last year?

some agts ask me to sell as market may 'crash'

i told them tat i am more interested to kio 'durians' if it realli happen

[devilplate]

Since early last year?

since oct 2007