End '08, they got OCBC to help them do a $500mil multi currency medium term loan, and in '09, they did a rights issue of $245mil. Think still ok..Originally Posted by HP65
End '08, they got OCBC to help them do a $500mil multi currency medium term loan, and in '09, they did a rights issue of $245mil. Think still ok..Originally Posted by HP65
Originally Posted by buttercarp
and my friend just paid $2.49M over the weekend for a resale unit....
Must congratulate the seller.Originally Posted by spikey69
He just sat and did nothing much except sign a few papers and made a few hundred thousand.
yup - about 600kOriginally Posted by buttercarp
Well, if it hit $3m in 4yrs time, u can say the same to your friend.., by then no SSD...Originally Posted by buttercarp
before stamp duties, commission etc?Originally Posted by spikey69
anyone has any experience with what the progressive payment schedule is like for a landed like luxus hills?
It's on interest absorption scheme, a misnomer where the developer actually charged an additional 3% upfront on the purchase price; so no payment till top.Originally Posted by kane
So in the latest phase where there is no interest absorption, how is the progression, every floor up is a milestone? Given that it is only 4 floors plus attic, then won't the progression be real quick?Originally Posted by lifeline
Originally Posted by kane
I believe you are right, it can be super fast, esp when there are only few houses in a phase. Good for those who want their houses fast. But usually a slight lag period cos still building the previous phases.
If current phase 5 already is selling about $2.5m, might as well pay for $2.49 to move in this month or the next (if it's a phase 1 unit).
Anyway, is the current phase 5 launched for purchase now or already sold out again?
Originally Posted by spikey69
Phase 5 (from URA): 21 units launched, all sold out. Avg psf 1517.Originally Posted by u2torneil
I believe Este Villas also all sold out too!
2.5 also sold out?
Singaporeans are very rich!
In life there r always ups n downs. One day u might b able to afford one!
yes i believe price for inter-terrace should be from 2.45-2.49?Originally Posted by kane
is there an official road connecting ave 5 with the luxus hills estate?
1517 is not the average psf but the median psf, 50th percentile psf price.
Median price was $2.45M, max price was $2.55M last month, that is why the last 33 or so units now start with $2.55 and above
Heard from agent today that #88 was sold for $2.8m, #108 for $2.88m, talk about the lure of auspicious numbers
Originally Posted by mossyburger
Not clear... u r referring to this project only, not all inter-terrace lah...Originally Posted by mossyburger
Just like handphone, COE, such "Golden" numbers need to bid, nice house number also command premium. Nice number, nice selling price number..., easy to push buyers to bite..., nice marketing strategy..., but if premium is really $200-300k, seem a bit high...Originally Posted by u2torneil
I believe quantum of $3m and below for NEW terrace landed such 999 LH Luxus Hill is considered affordable to buyers of landed...
thanks for the clarification!Originally Posted by u2torneil
2.8 mil and 2.88 mil are for the corner terrace?Originally Posted by u2torneil
Or inter terrace ?
Based on a 4 / 5 yrs ownership experience before u can sell, those that are buying are really wanting a place and not really specualting on a place.Originally Posted by azeoprop
Of course if u are sitting on the side line, then of couse there should be a bargain waiting in the event of a downturn.
Property is unlike a cookie cutter mass produce car.
There is no two units alike.
Even if it is the same look, it is in a different spot.
I will not be able to put a finger on it, but sometime, when a unit is on sale, u feel a affinity to it and some how, when u do the sums and it is within reach, u buy.
Notice that those that purchase in the 08 crisis, there were also units that were snap up dispite the uncertainty.
So a balance view is important.
I know of people who were more confident in the property market then they were in securing another job within the next 6 mths if they lose the job back then.
I guess even now, the 2 things that is driving up purchase is the cheap loans, and the fact that the speculators are at bay. And like FEO, they have deep pockets to hold on to the development, yr investment is more or less have a lock in value .
Unlike some peoples doomsdy msg in another thread, it is still anyones guess what the future holds. But what I know now and base on hindsight in 2008, the key to the reservese is still not been sort after.
The level of FT converting to PR is not on the rise.
So it does seem that it is still early days . There are minimal adjustment from development to development, but those are far and in between.
I guess those that buy , example hdb to new condos, must be quite pant up desire to buy.
Supply do look vast, but somehow, it seems to be moving equally fast.
Case in point is Luxus hill and Pavilion park.
It not long before its would been totally sold out again.
Agree with you!Originally Posted by samuelk
Landed buyers are usually genuine stayers.
Affinity is very important and personal.
I was debating with my buddies on landed property vs condos.
landed property (exclude cluster houses) should hold on prices.
Agree that landed property $2-4m is bought mainly for own occupation
cluster houses may have different tenant/owner segment but I note that yield has not been that attractive
no restriction for FT. but i hear my FT colleagues complaining of what they can get back home for amount paid for cluster house here in singapore
anyone can share the buyer's profile for cluster houses
this project I'm sure are mainly bought by locals
According to The Business Times report in march 2011.Originally Posted by dmonddd
"While foreigners in general are not allowed to buy landed residential private properties, they may purchase strata landed properties within developments with condominium status without seeking approval from the Land Dealings (Approval) Unit. Some recent new projects in this category include D'Leedon and The Vision where one in every 10 strata landed property buyers within the development is a foreigner."
http://www.asiaone.com/print/Busines...04-266508.html
These should be for inter-terraces, see the site plan from here for Phase 5:
http://www.luxushills.com/comingsoon.html
That said, I would take these with a pinch of salt from the agent. The only reliable numbers are from URA or from caveats lodged.
Originally Posted by buttercarp
Surprise to hear locals still gunning for Clusters houses 9 out of 10
But definition of foreign here excludes PRs? If yes the Locals buying will be much lesser for every 10 units.
Originally Posted by buttercarp
Actually I am quite surprised too.Originally Posted by dmonddd
I suppose you are right, they may have classifeid PR as local.
The report referred to the projects in that category ie D9 and D10, so cannot afford landed of the same size in that prime district then settle for cluster instead?
ok for The Vision, agt told me majority of their townhse bot by locals.....Originally Posted by buttercarp
but for recent feo projects, agts told me mostly sold to foreigners......they even tell me townhse not suitable for locals....LOL