Discussion : Singapore Property

[icecream]

The only reason I can think of why this particular property is so popular is because of the smaller units, which makes owning a private property more 'reachable' la. Otherwise base on psf rates, can get a better deal elsewhere.

[wolfeyes1974]

The pricing is abt $1100/ sqf. They claimed it's already discount.
For unit of 1 bedroom + 1 study is around 517sqf, cost around 560K.

Heard from agent it's already 80% sold, left those bigger unit like PH. Now market so bad, dun know they got "big hole" or not. haha..

Reason why I buy the condo is I've stayed in this area for many years since young, and it's walking distance to my mum house. It's also convienient access to Dowson, Ikea, Queensway and city.
The plot of land used to be shophouses: kopi tiam, 7-11 and UOB bank.

the condo i saw at river valley road is also $1100 psf...each to his own...

[116520]

Correct! If HDB overpriced, people how to get married???

dun be surprised HDB drop by a similar margin to private. hdb prices are "manipulated" by hdb valuations, but traded based on premium or discount to valuation. if the 99 leasehold suburban versus hdb spread gets too narrow, hdb prices will not hold. check out some areas and you will see baseline support for outlaying is near, using just hdb-99 spread.....check out yishun, sembawang....that is first area to converge. now CCK and some other areas starting to emerge. either these 99 have reached support levels OR HDB overpriced...

[darth-khips]

Sorry to be straightforward...$1100 is not really a bargain... After watching the news, I think the developer has successfully created a "buy now or no more later" from the launch. Good job! But I think there are plenty of $1000++ property in the market now... later I think the market in the similar area will go around $700+ when more TOPs and new launches....

But after all, buy what you like and happy is more important!

queens and anchorage trading in high 800s to mid 900s. so for brand new condo, on a RELATIVE basis, its not pricey. and we got have reverted back to the days when studios and 2 bedders are more expensive on psf basis versus bigger units. that "starta-title" premium was distorted during the boom years, and was inverted. so again, it is not pricey basis that.

in terms of rentals, using sgd2k per month as a yardstick for rental, thats over 4% yield. $2000/500psf gives you $4psf, go check out ura site on average psf yield.

[darth-khips]

If US experts (read on yahoo) foresee the recession to last between 3-5 yrs, assuming one being optimistic, it will still last about 3 yrs. I doubt the private property market would be resilient for that long a duration. I will feel it will drop by at least 20% within this year and then stabalise or drip less drastically for the years after that. However, for Govt properties like HDBs, it will definitely not be that drastic. Cos its the pillar of the property industry.

Market corrections are usually drastic in the short term, so I am still "shopping" around but will pull the trigger during year end only.

Lets see how it goes

dun be surprised HDB drop by a similar margin to private. hdb prices are "manipulated" by hdb valuations, but traded based on premium or discount to valuation. if the 99 leasehold suburban versus hdb spread gets too narrow, hdb prices will not hold. check out some areas and you will see baseline support for outlaying is near, using just hdb-99 spread.....check out yishun, sembawang....that is first area to converge. now CCK and some other areas starting to emerge. either these 99 have reached support levels OR HDB overpriced...

[jazz_samz]

AHwoon,

Soka.. SInce your purchase is based on other reason rather than one who is trying to capitalise on the weak property market, then your decision and priorities would definitely be entirely different to one who is lookg to take advantage of the property market.

[flagship]

The pricing is abt $1100/ sqf. They claimed it's already discount.
For unit of 1 bedroom + 1 study is around 517sqf, cost around 560K.

Heard from agent it's already 80% sold, left those bigger unit like PH. Now market so bad, dun know they got "big hole" or not. haha..

Reason why I buy the condo is I've stayed in this area for many years since young, and it's walking distance to my mum house. It's also convienient access to Dowson, Ikea, Queensway and city.
The plot of land used to be shophouses: kopi tiam, 7-11 and UOB bank.

Stay in with good health

[jazz_samz]

If US experts (read on yahoo) foresee the recession to last between 3-5 yrs, assuming one being optimistic, it will still last about 3 yrs. I doubt the private property market would be resilient for that long a duration. I will feel it will drop by at least 20% within this year and then stabalise or drip less drastically for the years after that. However, for Govt properties like HDBs, it will definitely not be that drastic. Cos its the pillar of the property industry.

Market corrections are usually drastic in the short term, so I am still "shopping" around but will pull the trigger during year end only.

Lets see how it goes

[darth-khips]

Can't be good. One gauge is the price of property counters in the SGX...Wing Tai, Ho Bee for residential, lower end and higher end respectively. If you care to check, prices of their shares are significantly below the company's net asset value.

asset heavy companies like property developers then to trade way below NAV

[116520]

I know... as my earlier posts mentioned... but I just hope... or pray....

Yes, you're right. The property market is far worst than what it seems right now. There are too many TOPs this year and next year and the following year. With the economy downturn, much lesser expats will come to Singapore and not talking about those who left and about to leave soon. All the bad news of property market is not released yet and once it is out to the public, the market will crash... very sad...

[lolex kia]

I also hope the property market is good and selling well...

Can't be good. One gauge is the price of property counters in the SGX...Wing Tai, Ho Bee for residential, lower end and higher end respectively. If you care to check, prices of their shares are significantly below the company's net asset value.

[116520]

I also hope the property market is good and selling well...

[jazz_samz]

GOSH!!! 1045psf?? Eh.. bro... did you decide properly and not on impulse?

BUt as long as you like the place.. its worth it I guess....

1 bed room unit starts from 450K. Floor area abt 40sqm.

[116520]

Sorry to be straightforward...$1100 is not really a bargain... After watching the news, I think the developer has successfully created a "buy now or no more later" from the launch. Good job! But I think there are plenty of $1000++ property in the market now... later I think the market in the similar area will go around $700+ when more TOPs and new launches....

But after all, buy what you like and happy is more important!

The pricing is abt $1100/ sqf. They claimed it's already discount.
For unit of 1 bedroom + 1 study is around 517sqf, cost around 560K.

Heard from agent it's already 80% sold, left those bigger unit like PH. Now market so bad, dun know they got "big hole" or not. haha..

Reason why I buy the condo is I've stayed in this area for many years since young, and it's walking distance to my mum house. It's also convienient access to Dowson, Ikea, Queensway and city.
The plot of land used to be shophouses: kopi tiam, 7-11 and UOB bank.

[ahwoon]

Hey, seem tat this property is very hot, my b/fd jio me go viewing with him tml... but ... i am not ready.. haha... How's the pricing like? Can share?

The pricing is abt $1100/ sqf. They claimed it's already discount.
For unit of 1 bedroom + 1 study is around 517sqf, cost around 560K.

Heard from agent it's already 80% sold, left those bigger unit like PH. Now market so bad, dun know they got "big hole" or not. haha..

Reason why I buy the condo is I've stayed in this area for many years since young, and it's walking distance to my mum house. It's also convienient access to Dowson, Ikea, Queensway and city.
The plot of land used to be shophouses: kopi tiam, 7-11 and UOB bank.