Still, it's not in the same exponential degree of growth. 4x vs > 10x.Originally Posted by The_Way_I_See_It
Still, it's not in the same exponential degree of growth. 4x vs > 10x.Originally Posted by The_Way_I_See_It
Actually, this whole property market is not good for the heart at all.Originally Posted by Property_Owner
Imagine the Margate Road original owner who sold the bungalow in 1979 for $195,000 and realises that it was worth $4.8 million in 2006 (and now probably much more). Is that good for the heart?
Or the Eu Yan Sang family, who sold their Eucliffe Castle in Hong Kong's Repulse Bay for a price that is worth only one apartment today? Is that good for the heart?
That's why I find this whole property game very stressful.
If I buy and then the market crashes, it's not good for the heart.
If I sell and then the market shoots up, it's also not good for the heart.
However, if I had stayed out of the market totally, I would end up like one of those who missed the boat, writing complaint letters to the Straits Times forum and hoping that the market will crash. It's also not good for the heart.
Poor heart ...
conclusion : activate heart bypass
Why would someone buy at 2600psf and then sell at 1750psf? Did you think he needed the cash (for what) or he thought it would go down further.Originally Posted by Property_Owner
But then again, it takes guts to buy in Jan 09, right?
January 2009 was a very bleak period when everything was going down in free fall.Originally Posted by andy
I didn't even dare come into this forum (partially also because last time there were many "unregistered" users cheering the downfall of the market, making this forum very unfriendly). Unlike today when most registered users here are fellow investors, hence whether the market goes up or down, we can come here to share our joy or misery.
Furthermore, I think The Sail is very volatile. Only those who have a strong heart, like Property_Owner, dare to play this project (and some more he bought 5 units!!! )
This property market's ups and downs may one day cause me to go for "heart bypass".Originally Posted by forcez5
i think property_owner bought 5 units of Reflections, remember him saying that somewhere...
Originally Posted by jlrx
Orchard Boulevard #43-05
Tenure= 99 Yrs From 13/03/2006
2852sqft,
4099psf, $11.69m
11 Sep 09
Originally Posted by Regulators
Only 2 units pal.
How are you able to check the floor area of this unit?Originally Posted by Property_Owner
I tried to check the caveat but they didn't submit the floor area, very frustrating ...
X * Y = ZOriginally Posted by jlrx
X = Z/Y
Thanks for your tips the other day.Originally Posted by Property_Owner
I am executing my D9 plan later today.
Originally Posted by URA
huh? how can a caveat be submitted without the floor area? even URA shows the 2852sq ft, don't even need Realis.
THE ORCHARD RESIDENCES ORCHARD BOULEVARD Apartment 11,693,200 2,852 Strata 4,099 Sep-09
Originally Posted by jlrx
Cool, please update us what you bought. Just dun buy vida lavidaOriginally Posted by Reporter
oh yeah, hope he is not buying that so called under 2100psf Vida on "offer".
Originally Posted by Property_Owner
Originally Posted by Property_OwnerNil Vida Lavida Lah.Originally Posted by bargain hunter
... but I ain't saying that's bad ...
Huh. Orchard Residences?Originally Posted by Reporter
To Property_Owner,
Thanks So Much for the info!
But as usual your inbox is full so cannot send my thank you message.
Thanks for your info too ...Originally Posted by bargain hunter
Alamak! This Realink is really terrible! I pay them some more and they don't even show the floor area!
wah this realink really so terrible. is it the cheaper form of Realis but not by URA? blacklist them!
Originally Posted by jlrx
I superimposed the average $psf of Sail from 1 year ago with the STI. There seems to be a perfect correlation in terms of price swings with very minimum lagOriginally Posted by jlrx
If that is true, isn't it better to put money in the STI since you can sell it alot faster than Sail?
Of course if Sail is 100% rentable, the capital layout is only 20%. However if the capital depreciation is massive and you cannot rent then the small time investor is in trouble, right?
... no lah ... don't have your wealth to buy TOR leh ... will disclose discreetly next time ...Originally Posted by Property_Owner
pros and cons i guess. 1 thing is for sure, ppty buyer for Sail has to have at least a certain minimum amount of few hundred k to few million AT LEAST. "1 lot" of the sail few hundred k, 1 lot of sti in tens of ks only. that's why you are right, if too small time investor, better off investing in sti.
Sail would have given 5 times leverage while if one takes up margin trading also at most 3 times leverage for sti. Of course your point about selling is true too, for the higher leveraged returns, its harder to sell and more for longer term.
that said, the sti is now sputtering, is the sail still correlated?
Originally Posted by andy
Yes. It's the one run by SISV. I guess that's the difference between $1800 per year vs $438 per year.Originally Posted by bargain hunter
Yes the Sail is hovering between $1600 and $2800 depending on unit level but if you take the average $psf it is more or less stagnant since Jun09.Originally Posted by bargain hunter
If interest rate is low than it is better to go for leverage investment, right?
Anyone knows what is the vacancy rate for property like Sail? Is it very rentable?
Wow ... this forum so exciting!!!Originally Posted by Reporter
Got "real-time" D9 plan execution.
But ... you are "Reporter" ... I thought you are only supposed to "report?
Which kind of properties would you rather invest from these data below?
58 Floor Sail
1st transaction = 1140psf July 05
2nd transaction = 2600psf June 07
3rd transaction = 1748psf Jan 09
4th transaction = 2280psf Aug 09
23Floor NS
1st transaction= 884psf Nov 04
2nd transaction=1454psf May 07
3rd transaction=1373psf May 09
Your reasons?
problem is, interest rate is low good to go for leverage, if interest rate goes up high, can't get out of the high leverage investment.
So, always need to keep a cash buffer in case something goes wrong but of course, in that case, leverage effects are decreased.
Originally Posted by andy
But if interest rate head north, that mean your unit should have capital gain! Time to cash out.Originally Posted by bargain hunter
well, low interest rate has lasted so long that someone who bought at 1200psf earlier or someone who bought at 1600psf now also bought on low interest rate. its easy for the 1200psf guy to take the capital gain and cash out but not necessarily so for the 1600psf guy right?
Originally Posted by Property_Owner
it is relative lor...Originally Posted by bargain hunter
end of day make more or make less is better than never make..