once they move in then they will knowOriginally Posted by jitkiat
once they move in then they will knowOriginally Posted by jitkiat
I was chatting with one ERA agent. I was asking him why HDB upgraders don't buy Casa Merah (almost TOP) at same price or nearby subsale condos like DBR @ 750-800psf instead of paying Optima @ 900psf. Are all of them fools? The agent laughed: "Yah, buy DBR subsale, the diff in price + interest you can buy one car for free. But hoh, these people cannot afford to buy subsale from Casa Merah/DBR bcos they do not have cash. Because you buy subsale, you must pay the seller cash to top up difference btn option price and subsale price. These HDB upgraders, can only afford 5% to pay by cash, 15% & stamp duty using CPF."Originally Posted by Property_Owner
No wonder Optima can sell at 900psf. Scary situation. I think the government shold really release more lands in suburbs.. Otherwise very soon, many HDB upgraders will become slaves of bank loan.
Last edited by jitkiat; 02-08-09 at 11:21.
Sounds like we are going to enter our own sub-prime crisis if something were to derail the improvement of the economy..... So do u think current condo owners should sell now?
Originally Posted by jitkiat
sub-sale condos nearing or at TOP have raised their prices making them unpalatable.
the 5% outlay fro new projects ( dirt low ? ) could be a factor where the property market is feverish ( high ) when the economy is still not well.
Yup, sounds logical ... around the same time as u posted this one, another forumer oso made the same comment (some other thread) ... scary hor ...
The ques is .. even if the govt were to release more land, doesn't nec translate to cheaper land or cheaper launches leh ...
Originally Posted by jitkiat
they can release and set watever price they want but if no one buys they will lan lan have to lower price.. until demand picks up again.. end of day is still demand supply qns, see how prices plummet from nov 08 to mar 09? no one was buying ..Originally Posted by cheerful
So none of u here bought optima ah? Looks like i'm the only fool/sucker/chaitao here
But sorry hor i'm not one of those kiasu ones who went to queue hor. I just heard got balloting so i da yiao da pai walk in ok....
Some of the units at Centro is even nearer to MRT stn and line than Metropolitan and people are still paying more than $1000psf for it. They may have higher threshold for noise.Originally Posted by Honesty
Just wonder how do these people watches TV at home...every 3 minutes a train pass-by...some more both side of direction.Originally Posted by DC33_2008
This type of places that is so noisy, should be cheaper then the rest...some more paid for sure a high price...
will DBR face the same problem?
Originally Posted by Honesty
DBR is near the track with cruising mrt is not as bad as next to mrt station. The braking and moving off sound, doors opening and closing is very irritating, plus the announcements.
Sorry! what is DBR? I was at my friend's place at Northvale near Choa Chu Kang (lot 1). I could hear it even at a distance when the train moves on the track. I believe continous noise is more bearable than intermittent noise like stopping,closing and moving off at the station. People will get use to it after a while unless they are hyper-sensitive to noise.Originally Posted by venus
Completely SOLD OUT!!
http://www.h88.com.sg/article/Optima...tely+sold+out/
Ya man....crazy hor...as at last nite 9pm when i was there to sign my option, Only 3 penthouses left.Originally Posted by kEN9170
what was the avg psf?Originally Posted by venus
i think wanbao reported that 1/3 of buyers took up 90% loan. can anyone verify? my mandarin cannot make it
Outdone 8@W!Originally Posted by kEN9170
Not too sure abt that but newspapers put $780psf. The range is quite big, like my unit is only slightly over $600 whilst the 1BR were going for around $1000psf. 3BR mid floors around $800. Didnt notice 2BR but looks like should be around $900psf. Since most units are 1 and 2BR...i think the avg should be higher than what has been reported. I'm guessing should be around $900psf.Originally Posted by gfoo
Originally Posted by gfoo
Wah that means quite a no of 1st time buyers? From what i understand most banks only grant up to 70% o 80% for 2nd property.
$600psf for that area is fair. But $900-1000 psf? anything above $800psf for a LH in such an area is pure suicide, unless the economy stabilizes. And if the wanbao reports of 90% loans are true - this is the start of Singapore's sub-prime.Originally Posted by venus
iirc optima is FH ~Originally Posted by gfoo
90% loan? which bank tie-up? or is it hong leong finance?Originally Posted by august
Ppl staying in the Sails also read wanbao?!?
Originally Posted by gfoo
dunno, but this thread title says its leasehold leh.Originally Posted by august
most banks can offer up to 90% loan, it all depends on your risk profile.
hihi... no surprise... this is a small development, near to MRT... ppl will just grab... wonder they did any research before buying....
Originally Posted by kEN9170
lol i can't read mandarin properly lah. my friend smsed me this infoOriginally Posted by noblebaby
buying property is like buying stock... research + news... buy low sell high...
hope optima owners r not buy high sell low...
Originally Posted by kEN9170
a small hike in stamp duty will stop the frenzy hehee ~Originally Posted by noblebaby
Mine with pes thats why lower psf. I did my homework. The recent transactions for pes units at casa merah already $653psf - $700psf. The lower range one has very bad facing as in no pool view facing tennis court, or fence or afternoon sun. $700psf one facing some water feature but not the main pool. My unit at optima is pool facing with no afternoon sun and still cheaper. On top of it the finishing is really nice much better quality.Originally Posted by gfoo
I also went to waterfront key and the gale. The gale is cheaper around $560 to $580psf but so ulu. Waterfront key even more expensive. Was quoted $700psf for pool facing and $800++psf for reservoir facing...well in my case ground unit will be road facing.
I think it was a gd buy for me but really cant say the same for those paying 900-1000psf for a pigeon hole. esp those facing the mrt stn. Good luck to those guys....
look like bigger units pricing still reasonable, unlike those studios n 2 bedders. The 2 bedders i like, is $900psf, siao.