Tree House (D23, 99 years leasehold, CDL)

[danntbt]

...technically one would not know how resilient the market might be .... a 10% increase in stamp duty might translate to maybe a less than 10% drop in price to absorb the fees, the developers are probably taking stock of the situation,.... having weathered past downturns, they probably have strong hearts and would not panic like individual investors......resale will probably be more volatile, I foresee developers dishing out rebates to those affected by the stamp fees......the doomsayers are having a field day now and hoping to spark mass panic.....as long as locals still have jobs to pay their mortgages, there will not be any disastrous mayhem in the market.


...so good bargain can be had in the sub or re-sales, as panic stricken individuals dump their assets.

A major drop will just benefit foreigners......50% drop would make the 10% stamp duty miniscule in comparison, even at 20%, foreigners might flood in stabilizing the prices in the process.

[flagship74]

From URA in Sept-11:

Condo: Tree House
Price: S$860,000
Area: 861 sqf (believe its 2+S)
Unit $: S$999 psf

Tree hse px starting to head south..

Date of Option Exercised / Sales Agreement Signed
TREE HOUSE CHESTNUT AVENUE Condominium 1 812,000 861sqf $943psf transaction on Nov-11

[hyenergix]

Tree hse px starting to head south..

Date of Option Exercised / Sales Agreement Signed
TREE HOUSE CHESTNUT AVENUE Condominium 1 812,000 861sqf $943psf transaction on Nov-11

Cooling measure was implemented in early Dec. The actual impact should be more significant in Dec 2011 and Jan 2012 data.

[flagship74]

Cooling measure was implemented in early Dec. The actual impact should be more significant in Dec 2011 and Jan 2012 data.

well said..guys prepare your bullets..

[mastrix]

Does not matter for non investor...they just want a place to stay.

Does not matter for investor...it only bother them when nearer to T.O.P.

We can have whatever CM now, hope all can stabilize 2 years later.

[flagship74]

what a FEW-LING..gee...

[mastrix]

what a FEW-LING..gee...

uncle...not Few-ling lah......you still don't get it after so long?

[flagship74]

uncle...not Few-ling lah......you still don't get it after so long?

Auntie..yes lah!!

[danntbt]

what a FEW-LING..gee...

...keep on Fewling....I think you are in the wrong country.....vultures are not found in Singapore because very few carcasses........so desperate for a unit here but cannot afford eh? Anyway even dropping 20% from recent transaction most owners would break even....so keep on Fewling and see your dream fade away......

[flagship74]

...keep on Fewling....I think you are in the wrong country.....vultures are not found in Singapore because very few carcasses........so desperate for a unit here but cannot afford eh? Anyway even dropping 20% from recent transaction most owners would break even....so keep on Fewling and see your dream fade away......

Wahahahaha....

[whoh757]

941 psf still expensive isnt it? still struggling to understand for the same psf, how come dont buy FH and next to future MRT?? can buyers help explain?

Wahahahaha....

[flagship74]

941 psf still expensive isnt it? still struggling to understand for the same psf, how come dont buy FH and next to future MRT?? can buyers help explain?

aiyo..most of the TH buyers thought that it's a good deal but well up to them lor ...whahaha...!

[mastrix]

Drove past 2 days ago & I saw one of the block high high when I turned in from PIE to BKE. And I believe that block is only 18 sty high. Wow...imagine once it reaches over 20 sty... Beautiful.

[danntbt]

aiyo..most of the TH buyers thought that it's a good deal but well up to them lor ...whahaha...!

......wahhaaaaaaa sour grapes.....

[danntbt]

941 psf still expensive isnt it? still struggling to understand for the same psf, how come dont buy FH and next to future MRT?? can buyers help explain?

.......proximity to mRT is something that not everyone's priority, there are people who do not take mRT at all btw.....fine line betw FH and 99yrs blurred in recent years as en bloc makes them similar as which development will be preserved forever? FH and 99 are torn down and rebuilt all over the island. If you look at the plot ratio, in comparison with HDBs,many development still have possibility to be revised upward maybe 30 years down the road...99 yrs no value? Look at Sherwood Towers, mentality 5-10years ago was that its past 20yrs, so no value, but now....? Its hitting near 1mil...for something you could have had for about 300-400K just less than a decade ago....go look for those who bought even 5 years ago....and see who is laughing...

Property cycle over the years are often affected by economic cycles and policy changes......you can never be sure how these elements come into play.

So...why people buy into it? Its a lifestyle choice for those who buy to stay.....its a matter of would you rather stay in an aging development vs brand new one....would you rather enjoy the facilities or worry about the paper value of where you are staying.....its a choice....

[devilplate]

Mrt not impt for some but it affects the pricing

Developers always bid higher for land near mrt

Entry px above location

[proud owner]

So...why people buy into it? Its a lifestyle choice for those who buy to stay.....its a matter of would you rather stay in an aging development vs brand new one....would you rather enjoy the facilities or worry about the paper value of where you are staying.....its a choice....[/quote]

if one is rich, and have spare $$$$.. then he can talk about lifestyle lah

to many .. affordability is still key ...

if one has just THAT amt .. and miss the boat to buy that ideal FH .. he will be forced to buy a 'cheaper' older one or a LH and not FH (assuming FH more expensive which is true most of the time)

what is bad is when one cannot afford a more expensive FH and then buy a LH which is far from MRT and then use : One cannot outlive 99 years, or Lifestyle .. as excuses for making that purchase ...

[devilplate]

So...why people buy into it? Its a lifestyle choice for those who buy to stay.....its a matter of would you rather stay in an aging development vs brand new one....would you rather enjoy the facilities or worry about the paper value of where you are staying.....its a choice....

Ya i always dream of owning a gcb

[flagship74]

.......proximity to mRT is something that not everyone's priority, there are people who do not take mRT at all btw.....fine line betw FH and 99yrs blurred in recent years as en bloc makes them similar as which development will be preserved forever? FH and 99 are torn down and rebuilt all over the island. If you look at the plot ratio, in comparison with HDBs,many development still have possibility to be revised upward maybe 30 years down the road...99 yrs no value? Look at Sherwood Towers, mentality 5-10years ago was that its past 20yrs, so no value, but now....? Its hitting near 1mil...for something you could have had for about 300-400K just less than a decade ago....go look for those who bought even 5 years ago....and see who is laughing...

Property cycle over the years are often affected by economic cycles and policy changes......you can never be sure how these elements come into play.

So...why people buy into it? Its a lifestyle choice for those who buy to stay.....its a matter of would you rather stay in an aging development vs brand new one....would you rather enjoy the facilities or worry about the paper value of where you are staying.....its a choice....

What an excuse..whaahaa... talking about lifestyle somemore...buying a LH and far from MRT is not a good choice in my opinion lah..

[DC33_2008]

It is a bargaining chip when it comes to rental in bad times if property is near to mrt stn.

.......proximity to mRT is something that not everyone's priority, there are people who do not take mRT at all btw.....fine line betw FH and 99yrs blurred in recent years as en bloc makes them similar as which development will be preserved forever? FH and 99 are torn down and rebuilt all over the island. If you look at the plot ratio, in comparison with HDBs,many development still have possibility to be revised upward maybe 30 years down the road...99 yrs no value? Look at Sherwood Towers, mentality 5-10years ago was that its past 20yrs, so no value, but now....? Its hitting near 1mil...for something you could have had for about 300-400K just less than a decade ago....go look for those who bought even 5 years ago....and see who is laughing...

Property cycle over the years are often affected by economic cycles and policy changes......you can never be sure how these elements come into play.

So...why people buy into it? Its a lifestyle choice for those who buy to stay.....its a matter of would you rather stay in an aging development vs brand new one....would you rather enjoy the facilities or worry about the paper value of where you are staying.....its a choice....

[DC33_2008]

Lots of FH condos near sherwood tower below value if you compare to the new development like hillier in hillview. Still do not know why people willing to pay for such project

.......proximity to mRT is something that not everyone's priority, there are people who do not take mRT at all btw.....fine line betw FH and 99yrs blurred in recent years as en bloc makes them similar as which development will be preserved forever? FH and 99 are torn down and rebuilt all over the island. If you look at the plot ratio, in comparison with HDBs,many development still have possibility to be revised upward maybe 30 years down the road...99 yrs no value? Look at Sherwood Towers, mentality 5-10years ago was that its past 20yrs, so no value, but now....? Its hitting near 1mil...for something you could have had for about 300-400K just less than a decade ago....go look for those who bought even 5 years ago....and see who is laughing...

Property cycle over the years are often affected by economic cycles and policy changes......you can never be sure how these elements come into play.

So...why people buy into it? Its a lifestyle choice for those who buy to stay.....its a matter of would you rather stay in an aging development vs brand new one....would you rather enjoy the facilities or worry about the paper value of where you are staying.....its a choice....

[devilplate]

Lots of FH condos near sherwood tower below value if you compare to the new development like hillier in hillview. Still do not know why people willing to pay for such project

ya lor.....

signature park so big and nice

[DC33_2008]

Too far. There are nearer ones.

ya lor.....

signature park so big and nice

[devilplate]

Too far. There are nearer ones.

like wat? share share

[DC33_2008]

Goodluck garden is older but with lots more open spaces. The only problem that the residents are not keen to enbloc. Not sure if any developer is willing to digest it. There are more FH condos nearer to courts too.

like wat? share share

[devilplate]

Goodluck garden is older but with lots more open spaces. The only problem that the residents are not keen to enbloc. Not sure if any developer is willing to digest it. There are more FH condos nearer to courts too.

bro.....gdluck just beside signature park......den u say SPark too far???

[DC33_2008]

There is side gate which is nearer to plaza. Potential for enbloc is greater too.

bro.....gdluck just beside signature park......den u say SPark too far???

[devilplate]

There is side gate which is nearer to plaza. Potential for enbloc is greater too.

gdluck smaller land so perhaps easier to enbloc....

SP too big.....quite impossible to en

[DC33_2008]

The 1700 sgft facing the pool/park is quite windy even for a low development. Too many well to do people there who refuse to sell.

[danntbt]

What an excuse..whaahaa... talking about lifestyle somemore...buying a LH and far from MRT is not a good choice in my opinion lah..

hahaha.....then show so much interest in that area .........