New Thread.
Comments welcome.
Let's be friendly.
New Thread.
Comments welcome.
Let's be friendly.
Dwn !!!!!!!!
Good New Thread !Originally Posted by Property_Owner
I was going to comment about "focus" in the other thread.
"focus" is to be blamed for causing HDB prices to be so high.Originally Posted by focus
So rich still stay in HDB flat.
Then the buyers offer COV of $500,000 also no use. Just look at his "new mercs e-class" and "Z4". Already going to cost $500,000.
How can HDB prices come down when there are people like "focus" staying there?
No wonder there are so many complaints in the Straits Times forums.
Originally Posted by Straits Times Forum
Last edited by jlrx; 22-01-10 at 11:52.
URA Q4 private home price index up 7.4%; 2009 up 1.8%
Kalpana Rashiwala
The Business Times
Friday, 22 January 2010, 12.40 pm
Urban Redevelopment Authority's official price index for private homes rose 7.4% in Q4 2009 over the preceding quarter, slightly higher than the 7.3% rise for the period based on its flash estimate released on Jan 4 this year.
URA said its price index for office, shop and industrial properties increased by 1.0%, 0.6% and 1.8% respectively in the Q4 2009 over the preceding quarter.
For the whole of 2009, prices of private residential properties increased by 1.8%, while those of office, shop and industrial properties decreased by 16.4%, 6.1% and 14.4% respectively, URA said.
Rëntäls of private residential and industrial properties ïncrëäsëd by Ö.6% and 0.3% respectively quarter on quarter in Q4 2009, while those of office and shop properties decreased by 3.3% and 1.4% respectively over the same period.
For the whole of 2009, rentals of private residential properties, office, shop and industrial properties decreased by 14.6%, 23.6%, 7.4% and 13.4% respectively.
Actually I also wanna comment on HDB dwellers.. I dunno wat the heck are they staying there becoz so many of the families staying on the same floor as mine easily 2-3 cars..making me feel ashame of myself. Going home late at night is always dreadful becoz I have to park all the way to the rooftop..just imagine 10 cars on 1 level of a HDB block where I am staying. This is insane man.. they should all sell lower and upgrade to private in double quick time so genuine HDB buyers can get at more affordable price and yeah then we can stop blaming focus
i am bullish about 2010 for HDB and condo properties.
I do like the way the system works now, but perhaps tweak it to be purely a citizen's right, rather than PR/immigrants. When i retire from the corporate world, I would go back to HDB living and lead the simple life.
HDB should always remain the social safety net for citizens
Err ... immigrants are also citizens leh.Originally Posted by gfoo
wow a different tune u r singing here, i thought used to despise hdb lifestyle with all those delinquents at void decks, graffitti etc etc?
Originally Posted by gfoo
Wah!Originally Posted by bigbird72, SkyscraperCity, 21 January 2010 11.19 am
1st half of 2012?
JPMorgan copied the number from the movie "2012"?
retire mah, dun need to watch out for kid no more. they can graffitti my wall for all i care.Originally Posted by Regulators
btw reg, thanks for the jb lobang. agent is quite good. thanks!
in retrospect, you're right. my tune is changing because at the end of the day, i still want access to cheap HDB housing no matter what - so i'm selfish in this respect.
i fear all the noise in the papers and forum is gonna change things. people should just let the system be
it is not the graffitti outside ur house, it is the paint splashed at your door even if it is the wrong house...lol... Maybe u can consider moving back to East Coast when u retire and I think people there seem to be more civilised.
Originally Posted by gfoo
yup yup, IF it's not been enbloc-ed yet.Originally Posted by Regulators
I LOVE EAST COAST!!!!!!!!!! Laid back, yet atas feel...
In fact, although I'm not an angmo, my likes are pretty much similar to theirs. Colorful areas, eg. Little India, rowdy market areas etc... are all nice. Just don't want bland boring HDB heartlander estate (because all are sama sama and cookie cutter)...
Originally Posted by paulho77
LOL thats fast ~
Z4 is like a woman's car leh ...Originally Posted by jlrx
Focus should be a guy right.Originally Posted by august
he buy for his darling ...Originally Posted by Property_Owner
I beg to differ ..... Quite nice leh
u have to agree its a chick magnet ~~Originally Posted by gfoo
dunno about that but the 0-100 after JB3 and some nice downpipes will be 4secs so that's really funOriginally Posted by august
Property_owner,
Thanks for starting a new thread!!!
My bets for 2010:
HDB: Limited upside from current levels. Price normalisation measures expected given it is anticipated to be an election year.
Mass market (OCR/RCR): Limited upside given close proxy to HDB segment, though some upside will be expected for properties close to future land sales or new developments being announced.
Limited upside for landed segment in the OCR region, unless HDB segment surprises on the upside.
High end segment (CCR): May be mixed given the supply of TOP units coming on board.
If I have $10M, I will look for the biggest land plot I can find in the CCR in 2010. That's where i place my bets on in 2010.
So many HDB dwellers here! woah....Originally Posted by dtrax
looks like the graffiti, delinquents and loan sharking fears may be overblown. otherwise many of the millionaire forumers (hiding in HDB) here won't be posting in peace.
similar views with you.
There are plenty of others who will highlight the positive news, so here's some data from URA website which may not be emphasised by the media (Since its the start of a new year, I am not here for war but to make peace. , just some contrarian info):
For the whole of 2009, rentals of private residential properties decreased by 14.6%. Rentals of non-landed properties in CCR, RCR and OCR decreased by 15.9%, 14.9% and 14.0% respectively.
As at 4th Quarter 2009, there were 60,476 private residential units in the pipeline. Of these, 34,234 units were still unsold. These comprised 3,317 units that had been launched for sale by developers and 10,620 units which had the pre-requisite conditions for sale and could be launched for sale immediately. The remaining 20,297 units with planning approvals did not have the pre-requisite conditions for sale.
Of the 60,476 uncompleted units of private housing from projects in the pipeline, 22,390 units, 17,390 units and 20,696 units were in CCR, RCR and OCR respectively.
Of these, about 45,518 private residential units were expected to be completed between 2010 and 2013.
Originally Posted by new2mondrian
Q4 median CÖV for HDB resale transactions söärs to $24,000
Kalpana Rashiwala
The Business Times
Friday, 22 January 2010, 12.53 pm
The volume of resale transactions declined by about 23% from 11,649 cases in Q3 2009 to 8,926 cases in Q4 2009. The total number of resale transactions in 2009 was 37,205, an increase of 31% over 2008.
HDB also said the median Cash-Over-Valuation (CÖV) amount among all resale transactions was $24,000 in Q4 2009, döüblë the $12,000 in Q3 2009.
In 4th quarter last year, 93% of transactions were above valuation. 'The median COV amount has stabilised in recent months, with the figure for the 1st half of this month down to $22,000,' HDB said.
Marine Parade condo prïcës head nörth
The Edge
Monday, 18 January 2010
Cote D’Azur
Private previews of The Shore Residences (the former Rose Garden enbloc site) by Far East Organization in December followed by an official launch on Jan 1 drew crowds to the showflat on weekends. The new 408-unit development opposite Katong Shopping Centre has seen close to 200 units sold at an average price of $1,175 psf as at last week.
What’s more, the project has also spurred renewed interest in the Marine Parade-Amber Road neighbourhood in East Coast, according to the URA Realis database of caveats lodged from Dec 18 to Dec 23.
The development that has seen close to half a dozen units change hands at prices ranging from $920 to $1,000 psf in December was the 612-unit Cote D’Azur, a 99-year leasehold condominium completed in 2004 by Fraser Centrepoint Homes. The highest transacted price at Cote D’Azur last month was for an 840 sqft, 4th-floor apartment, which was sold for $840,000 ($1,000 psf), according to a Dec 1 caveat. The seller had bought the apartment only eight months earlier for $690,000, or $822 psf, hence seeing a 22% capital appreciation in that short period. It shows just how dramatic the turnaround in the market was last year.
2 1,141 sqft apartments — one on the 18th floor of Block 68 and the other on the 7th floor of Block 66 — were sold for $1.088 million ($954 psf) and $1.05 million ($920 psf), respectively in December. The owner of the 18th-floor unit had purchased it for $687,300 ($602 psf) in July 2002 when the project was first launched. Thus, the seller saw a 58.5% capital gain after 7 years. Likewise, the owner of a 7th-floor unit had also purhased it from the developer for $662,070, or $580 psf, thus seeing a 58.6% gain over the same period.
2 4th-floor apartments in Block 66 were sold in late December, according to caveats lodged on Dec 21 and 22. One was a 904 sqft unit that was sold for $836,000 ($925 psf), while the other was a 1,539 unit that went for $1.52 million ($987 psf). The owner of the 904 sq ft unit had purchased it from the developer in August 2004 for $472,000, or $522 psf. At that time, the property market was at the bottom of the cycle, thus the owner saw a 77% gain from the sale after 5 years.
The owner of the 1,539 sq ft apartment had purchased the unit in July 2002, when the project was launched, for $854,340, or $555 psf. He enjoyed a 78% price appreciation after seven years.
Across the road from Cote D’Azur is the 546-unit freehold condo The Sea View by Wheelock Properties, which was completed in 2008. In December, 2 apartments at the high-end project were sold at prices in the $1,400 psf range.
A 6th-floor apartment of 1,410 sqft at Block 37 of The Sea View was sold for $2 million ($1,418 psf). The last time the property changed hands was in a sub-sale in July 2006, when it was sold for $1.18 million ($838 psf). The first owner had purchased the unit for $1.08 million ($769 psf) when the project was first launched in July 2005.
A 19th-floor, 1,216 sqft apartment at Block 31 of The Sea View was sold for $1.726 million ($1,420 psf) in December. The owner had purchased the property in a sub-sale in April 2008 for $1.568 million ($1,290 psf).
Also in the neighbourhood is One Amber, a 562-unit development by joint developers UIC, Singapore Land and UOL Group. The project is expected to receive its temporary occupation permit in 1Q2010. The most recent transaction was that of a 15th-floor apartment in one of the 4 23-storey blocks. The unit was sold for $1.47 million ($1,120 psf). The owner had purchased the 1,313 sqft apartment for $1.01 million ($769 psf) in December 2006, hence enjoying a 46% gain.
From the transaction prices in the secondary market, it is clear that prices in the Marine Parade-Amber Road neighbourhood are heading back to the pëäk levels seen in mid-2007.
Although Private Residential rental is on an upturn with a quarterly gain of 0.6% in Q4 '09, some retard may still choose to con others into believing rental is still on a downturn.Originally Posted by Reporter
HSBC say ...
A concerns of an oversupply are överblown. The 34,100 figure of unsold units in the 3rd quarter of this year is much lower than the 43,400 in the 4th quarter of last year, and not far from the all-time löw of 30,300 in 2007.
The retard says otherwise.
Who should I believe? HSBC or the retard?
Originally Posted by mr funny
aiyo is there a need to retard here retard there?... be polite lehOriginally Posted by Reporter