The Minton (D19, 99 years leasehold, Kheng Leong)

[Komo]

...I can't find a strong point in this project which can give a strong price support level

[jlrx]

...I can't find a strong point in this project which can give a strong price support level

This is further proof that even a property without strong points is stronger than toilet paper.

It is not about whether this property is good or that property is bad. Those who insist on holding on to toilet paper do not seem to know what shit they are getting themselves into.

[acewee]

Just a question, are you fully liquidated from all your investments?

Maybe people should go ask around who r doing business overseas of how the worries have grown.
Sg govt will never tell u how bad things r.
Besides, the election is coming.
They will paint the ugly picture as beautiful as it seems.
They are afraid of people fearing.
And they will deny they are also responsible of this bubble.

If u have huge debt its time to take profit.
If u have cleared yr property. no problem.
If u think that it will go highly, yr window period is closing soon.

Every day we r approaching the day when everyone realise the state we r in.
And when the day comes, u cant sell yr property, u will be caught.
It is up to u to believe or not to believe.
The choice is yrs.

[teddybear]

Wah this type of question! Don't think you will get the real answer!

Just a question, are you fully liquidated from all your investments?

[acewee]

Must walk the talk right?

Wah this type of question! Don't think you will get the real answer!

[teddybear]

He can tell you he is fully invested in properties and shares but can you verify?

Must walk the talk right?

[devilplate]

He can tell you he is fully invested in properties and shares but can you verify?

he also can have more den 1 acct...

one acct say prices crashing!!

the other say prices chionging!!

either way he is correct!....unless market stay flat

[acewee]

He won't say that else he's contradicting himself. Anyway, I dun really give a damm. I'm sure most investors here are savy enough to know how to manage risk and have awareness of the economic situation. But to go around sothsaying...? Either a opposition or someone who got burnt before.

He can tell you he is fully invested in properties and shares but can you verify?

[isaaclim]

he also can have more den 1 acct...

one acct say prices crashing!!

the other say prices chionging!!

either way he is correct!....unless market stay flat

Isn't that obvious? He should be one active member's shadow... Else why don't we see some "smartass" attacking him.

[azeoprop]

Just wondering, under what circumstances would a bank ask for cash top up?

E.g. Waterfront waves first launch in 07 was selling 750-850psf or more, then the relaunch was selling 600-700psf during the recession. Did the banks ask for top ups to those who bought during the preview launch?

[rainy]

if u loan 80%, the bank will ask for topup.
I give ard 4 months to 10 months in effect.
By 2011 Jan,Sg GDP Q1 will be negative.
Market has started shifting by selling off.

just wondering ... do u own pte property ?
why should the bank ask for topup if you can service the monthly instalment ? u sound like u hv miss the boat and wish for the market to crash ...

[RE_Owner]

The recession is coming.
Very sure. Fed never put stimulus.
A sign that they r too late to stop anything that will happen now.
Of course, the indicators r now very bad now.
Sg wont be spared.
If u think i am trying to scare people, its okay.
People who have property always think that it will always go up.
But r things so straight forward?
Good luck.

u sound like some "Gao Ren" living in a deep deep forest that have achieved enlightenment!!!! without stepping out of the forest, u actually know whats happening in the modern world!!!!

guess u have not wake up

[azeoprop]

Is this minton part of the worker's party ward?

[azeoprop]

FloorPrice258335654568557167581896031060111613126181363114151664617630
This table shows the floor vs price for stack 52.... I bought at the highest psf again.

[devilplate]

wah...ur buyer's remorse still ON....

[KC76]

FloorPrice258335654568557167581896031060111613126181363114151664617630
This table shows the floor vs price for stack 52.... I bought at the highest psf again.

aiyah, buy liao dun regret, regret dun buy. y did u buy that place in the 1st place? Ask urself?

[azeoprop]

FloorPrice258335654568557167581896031060111613126181363114151664617630
This table shows the floor vs price for stack 52.... I bought at the highest psf again.

Oops, for easier view:

Floor/Price
2/583
3/565
4/568
5/571
6/
7/581
8/
9/603
10/601
11/613
12/618
13/631
14/
15/
16/646
17/630

[azeoprop]

wah...ur buyer's remorse still ON....

Yah loh, last time bought 8@W remorse until the first subsale haa haa

[2824]

2nd highest floor usually highest psf one, since highest got roof terrace.

Will be quite some time if u are waiting for subsale for this one

Yah loh, last time bought 8@W remorse until the first subsale haa haa

[gfoo]

Banks ask for top up when the equity value is significantly below the outstanding loan.

If a $1m property, of which you borrowed and still owe 70%, falls to $500k, the bank has a right to ask for a $200k topup. They hardly do this for resident properties, mainly for non-resident 'investment' properties. They also do this for higher quantum paper losses, and do not bother if the topup is in the tens of thousands.

I know of friends that kena by bank C, and a minute smattering by bank D. No other cases I know of other banks. Mostly C.

[repanse71]

Not sure about foreign bank.

Local banks almost never ask for top-up unless
1) if you are not on principal reducing loan, but on those interest only loans. Which I think MAS has banned.
2) you have overdrafts and revolving facilities on top of their housing loans. Usually bank will cut / cancel the limit of these facilities.
3) when drawdown is not complete, the valuation drops dramatically. A rarity.
4) you fail to service installment, bank would try to re-structure. Money no enough, top-up won't work, only restructure or foreclosure.

regards

Banks ask for top up when the equity value is significantly below the outstanding loan.

If a $1m property, of which you borrowed and still owe 70%, falls to $500k, the bank has a right to ask for a $200k topup. They hardly do this for resident properties, mainly for non-resident 'investment' properties. They also do this for higher quantum paper losses, and do not bother if the topup is in the tens of thousands.

I know of friends that kena by bank C, and a minute smattering by bank D. No other cases I know of other banks. Mostly C.

[repanse71]

Gfoo,

Are your friends' loans with local banks?
Plain vanilla principal reducing housing loans without other facilities?

Regards

Banks ask for top up when the equity value is significantly below the outstanding loan.

If a $1m property, of which you borrowed and still owe 70%, falls to $500k, the bank has a right to ask for a $200k topup. They hardly do this for resident properties, mainly for non-resident 'investment' properties. They also do this for higher quantum paper losses, and do not bother if the topup is in the tens of thousands.

I know of friends that kena by bank C, and a minute smattering by bank D. No other cases I know of other banks. Mostly C.

[gfoo]

those affected mainly C

those with D were asked to restructure

no other local banks

[azeoprop]

2nd highest floor usually highest psf one, since highest got roof terrace.

Will be quite some time if u are waiting for subsale for this one

After an analysis on the prices. There are 3 prices. The preview, the launch and a later increased price. The 17th floor was bought at the preview price thats why only 630k. I was there at the preview also, but indecision made me lost 20k, buying now at a later increased price.

[acewee]

How about S or H?

those affected mainly C

those with D were asked to restructure

no other local banks

[gfoo]

How about S or H?

dunno, none of my friends use them so no comment

[acewee]

After making all the predictions, our 'Paul' seems to have disappeared.

[proud owner]

After making all the predictions, our 'Paul' seems to have disappeared.

alot of forumers have disappeared ....

including some BULL ones ...

[devilplate]

After an analysis on the prices. There are 3 prices. The preview, the launch and a later increased price. The 17th floor was bought at the preview price thats why only 630k. I was there at the preview also, but indecision made me lost 20k, buying now at a later increased price.

i tink u decide to buy minton after u noe scala sell so well at 1.1-1.2kpsf

btw, how come treehouse sell so well at similar pricing of 8xxpsf but not minton?

minton too many units? due to larger quantum?

[azeoprop]

i tink u decide to buy minton after u noe scala sell so well at 1.1-1.2kpsf

btw, how come treehouse sell so well at similar pricing of 8xxpsf but not minton?

minton too many units? due to larger quantum?

Treehouse by cdl has the image of high quality, unique design and one of the first to have no bay windows. Also the only release in that area for many years. Green, clean and youthful image.

Minton is in an old part of town, surrounding environment old and dated. Design is middle of the road, finishing nothing to shout about. The only plus is the generous space for the units, comprehensive facilities and some units with unblocked views. Even though the price has increased a few % since the preview, it is still very affordable compared to other new launches in the surrounding area. In fact many recent sales of minton were by those who had visited the scala and those who came during the initial launch.... just like me.

I would rank minton together with likes of Oasis@elias, and rosewood suites. Affordable mass market condo value for money self stay. Not those love at first sight type of condo. Certainly not on the 1st choice lists of many people. Hence the slow but steady sales.