Serious New Condo In AMK 98% Sold On Day 1 Launch! Mostly Owner-Owned! Buying Price Of $1900 psf! Majulah PAP!

[tobelightlight]

PAP prevented the bubble collapsing by importing bodies into Sg. The moment that stops, Sg turns into a slum with recession.

So if you think a population target is 10 million, I will remind you that PAP is lying.

It's basically a forever exponentially moving target. My prediction is 20 million by 2060.

in other words, it is a ticking timebomb.

 

[bobby]

 

[Rogue Trader]

Own self launch, own self buy, own self say sold out liao

 

[Boliao]

https://www.businesstimes.com.sg/ba...dds-to-expectations-for-higher-mortgage-rates
UPDATED MON, JUL 25, 2022 - 12:56 PM

THE Singapore government securities yield curve has inverted, which means an increase in home mortgage rates and other borrowing costs pegged to short-term interest rates is not far off. On Jul 20, the yield on 10-year Singapore Government Securities (SGS) closed at 2.78 per cent — below the 2-year SGS yield of 2.84 per cent.

 

[congo9]

in other words, it is a ticking timebomb.

Don't be such small minded. One must aspire to own one. Must ask yourself why he can own and why you can't? It's only 6 million.

Don't be a loser. One should aspire to earn at least 30ksgd per month.

 

[batman1]

Own self launch, own self buy, own self say sold out liao

Who are they ? The condo developers,marketing agents and media.

 

[syed putra]

KL has it's own set of issue.
Most importantly the unending jam on the roads, floods and safety issue on the streets.

Whereas Singapore, you can show off your favorite sports car, wear your million dollar watch to show off, go for long walks in nature feeling safe.

That you can't find in KL.

 

[CoffeeAhSoh]

It's not really near any hawker centre or mall, and it's actually closer to Upper Thomson Road.

nice location .

 

[JohnTan]

PAP prevented the bubble collapsing by importing bodies into Sg. The moment that stops, Sg turns into a slum with recession.

There's a lot of people wanting to come to Singapore to work because of the good pay here and better foreign exchange. You want people to leave Singapore? Wait for our economy to crash then.

It's basically a forever exponentially moving target. My prediction is 20 million by 2060.

It's going to be a moving up target as long as Singapore remains safe and prosperous, thanks to the PAP. You're always welcome to move a jiuhu town, where most of the capable young people have left to find better jobs elsewhere. Population in those towns is either stagnant or decreasing.

 

[Rogue Trader]

Who are they ? The condo developers,marketing agents and media.

All the big guys especially PAP have fingers in the sinkie property market. If the confidence in sinkie property falls then our economy will jialat

 

[Loofydralb]

There's a lot of people wanting to come to Singapore to work because of the good pay here and better foreign exchange. You want people to leave Singapore? Wait for our economy to crash then.

People move to Sg not because they want to move to Sg. They're moving to a better place, that's all. Sg is never their optimum choice, just better than the shithole they came from.

 

[JohnTan]

People move to Sg not because they want to move to Sg. They're moving to a better place, that's all. Sg is never their optimum choice, just better than the shithole they came from.

Weird logic.

If people didn't want to come to Singapore, they are welcome to not come at all. Go elsewhere.

People are always on the move. Even those who move on elsewhere after Singapore, may move on again.

 

[k1976]

View attachment 153473

SINGAPORE - AMO Residence, a joint private residential project between developers UOL Group, Singapore Land Group and Kheng Leong Company, sold over 98 per cent of units during its launch on Saturday (July 23).

A total of 365 units of the 372-unit Ang Mo Kio development was sold on the first day, leaving just seven unsold units.

Mr Anson Lim, UOL general manager of residential marketing, said demand was strong as AMO Residence is the first major private residential project in the mature housing estate of Ang Mo Kio in more than eight years.

Buyers were primarily local home buyers with several families buying mutiple units so that they can reside in the same vicinity, Mr Lim said.

"They are mostly owner-occupiers, and based on what we observed, they are particularly attracted to the project's proximity to Mayflower MRT station, popular schools, lush parks and shopping malls."

The 99-year leasehold development at Ang Mo Kio Rise comprises two- to five-bedroom units ranging from 614 sq ft to 1,475 sq ft, as well as three penthouses of 2,293 sq ft to 2,497 sq ft.

Units are priced from $1,890 psf, with a two-bedroom unit starting from $1.26 million.

The strong demand comes despite a string of property cooling measures announced in Dec 2021 and higher interest rates for mortgages.

All three local banks this month raised their rates for home loans, with rates for two and three-year fixed packages now starting at 2.75 per cent. Home loan rates have been steadily rising since the fourth quarter of last year, when three-year fixed deals were at 1.15 per cent.

This comes after the US Federal Reserve raised its interest rate in May to cool rising inflation.

Data released by the Urban Redevelopment Authority on Friday showed an increase in private non-landed home prices, which rose 3.6 per cent in the second quarter compared to the first.

This was due to higher prices at Piccadilly Grand in Northumberland Road, which sold 324 units at a median price of $2,175 per sq ft in the second quarter, and Liv@MB in Mountbatten, which sold 231 units at a median price of $2,408 psf in the same period.

https://www.straitstimes.com/busine...ng-mo-kio-over-98-sold-on-first-day-of-launch

Gxgx to all new condo owners... Big thank fpr your contribution to our nation building effort. Heng Ong Huat lah

 

[Hightech88]

View attachment 153473

SINGAPORE - AMO Residence, a joint private residential project between developers UOL Group, Singapore Land Group and Kheng Leong Company, sold over 98 per cent of units during its launch on Saturday (July 23).

A total of 365 units of the 372-unit Ang Mo Kio development was sold on the first day, leaving just seven unsold units.

Mr Anson Lim, UOL general manager of residential marketing, said demand was strong as AMO Residence is the first major private residential project in the mature housing estate of Ang Mo Kio in more than eight years.

Buyers were primarily local home buyers with several families buying mutiple units so that they can reside in the same vicinity, Mr Lim said.

"They are mostly owner-occupiers, and based on what we observed, they are particularly attracted to the project's proximity to Mayflower MRT station, popular schools, lush parks and shopping malls."

The 99-year leasehold development at Ang Mo Kio Rise comprises two- to five-bedroom units ranging from 614 sq ft to 1,475 sq ft, as well as three penthouses of 2,293 sq ft to 2,497 sq ft.

Units are priced from $1,890 psf, with a two-bedroom unit starting from $1.26 million.

The strong demand comes despite a string of property cooling measures announced in Dec 2021 and higher interest rates for mortgages.

All three local banks this month raised their rates for home loans, with rates for two and three-year fixed packages now starting at 2.75 per cent. Home loan rates have been steadily rising since the fourth quarter of last year, when three-year fixed deals were at 1.15 per cent.

This comes after the US Federal Reserve raised its interest rate in May to cool rising inflation.

Data released by the Urban Redevelopment Authority on Friday showed an increase in private non-landed home prices, which rose 3.6 per cent in the second quarter compared to the first.

This was due to higher prices at Piccadilly Grand in Northumberland Road, which sold 324 units at a median price of $2,175 per sq ft in the second quarter, and Liv@MB in Mountbatten, which sold 231 units at a median price of $2,408 psf in the same period.

https://www.straitstimes.com/busine...ng-mo-kio-over-98-sold-on-first-day-of-launch

It will be infested with CECAs as usual.

 

[JohnTan]

It will be infested with CECAs as usual.

Most of the buyers are locals, not foreign expats.

 

[Hightech88]

Most of the buyers are locals, not foreign expats.

They will be rented to CECA EP/PRs... can watch the show...

 

[JohnTan]

They will be rented to CECA EP/PRs... can watch the show...

Sinkies will still be the landlord masters while CECA are our serfs. Majulah PAP!

 

[zeebjii]

Oppies have been saying that for decades. Yet our property prices continue to rise! Majulah PAP!

It popped in the mid 90s. As it was then, the next one will be due to some external event, most probably related to China.