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Property agents feeling the pinch as market cools

krafty said:
Australia property getting hot...
Click to expand...

RUN just viewed a nice landed project at yiochukang road area today. it's brand-new landed terrace, not strata title cluster (cheaper).
Developer asking 3.2-3.3m, very fair price, earlier buyers paid 3.3-3.5m.

My insider-sources tell mi if i offer a 2.9-3.0m cheque, developer will definitely accept.
 
it's still considered very expensive, that's the problem, s'pore is very expensive, even with all cooling measures, YCK area is still calling at 3mil...:eek:

Runifyouhaveto said:
RUN just viewed a nice landed project at yiochukang road area today. it's brand-new landed terrace, not strata title cluster (cheaper).
Developer asking 3.2-3.3m, very fair price, earlier buyers paid 3.3-3.5m.

My insider-sources tell mi if i offer a 2.9-3.0m cheque, developer will definitely accept.
Click to expand...
 
krafty said:
it's still considered very expensive, that's the problem, s'pore is very expensive, even with all cooling measures, YCK area is still calling at 3mil...:eek:
Click to expand...

CM is meant for overpriced property, freehold landed is never overpriced.
 
I WILL BUY IT OFF YOU AT 2 Ms
YOU SHOULD SELL THAT TO ME THEN.
OR A COUPLE MONTHS AFTER THAT, YOU BE BEGGING FOR PEOPLE TO BUY THAT FROM YOU FOR 1.5M
 
sense said:
Sounds good. Let us know when the developer accepted your chq at 3m.
Click to expand...

It is a very big amount to me.

Due to some $$$ issues, insider-source revealed that the big developer have to offload a certain quantity (target) within 6-months = 2 quarters.

Singapore Private Residential Property Price Index is slightly above 210pts now (first quarter of 2014).
I told myself to decide after property index hit 200pts.
I wanna see how it drops.
If it is a flash crash below 200pts before end of 2014 = will rebound soon = mi go buy
If it is a sustainable decline = i will delay decision for another 24 months.

Alternatively, i am looking at small builder/developers who rebuild 1-3 units landed ($2.5m-$3m area), i think they also no holding power to wait another 18-months cos they max loan.
 
krafty said:
it's still considered very expensive, that's the problem, s'pore is very expensive, even with all cooling measures, YCK area is still calling at 3mil...:eek:
Click to expand...

Freehold mah + not cluster-landed

Then now >$2.5m properties undergoing the biggest drop. A working couple needs to earn about 20-30K household income if they max loan 80% to buy a $3m property. Many evil businessmen got this kind of income but never declare income tax also cannot loan 80%, when these properties drop to $3m level, due to TDSR.

Thats why i studying this area.
 
nowadays, taking mortagage loan also very difficult, the banks have become very stringent on the criteria to lend you a loan. besides steady income, they also will check if you have any outstanding car or credit card loans. 80% loan very difficult, i should say...

i can only smell, talk and dream of such 3 mil freehold landed property...:o

Runifyouhaveto said:
Freehold mah + not cluster-landed

Then now >$2.5m properties undergoing the biggest drop. A working couple needs to earn about 20-30K household income if they max loan 80% to buy a $3m property. Many evil businessmen got this kind of income but never declare income tax also cannot loan 80%, when these properties drop to $3m level, due to TDSR.

Thats why i studying this area.
Click to expand...
 
krafty said:
nowadays, taking mortagage loan also very difficult, the banks have become very stringent on the criteria to lend you a loan. besides steady income, they also will check if you have any outstanding car or credit card loans. 80% loan very difficult, i should say...

i can only smell, talk and dream of such 3 mil freehold landed property...:o
Click to expand...

RUN always see Dear Leader up, give you an example sir, please get your bullets ready



A 4,500 sq ft unit at Boulevard Vue in Cuscaden Walk went for $16.6 million - or $3,700 psf - in this half of the year while the priciest unit in the same period last year was a 7,700 sq ft penthouse in TwentyOne Angullia Park that sold for $43 million, or $5,560 psf.
http://www.stproperty.sg/articles-property/singapore-property-news/plush-and-minus/a/169471
The Straits Times - June 21, 2014
By: CHERYL ONG
 
thanks for seeing me up, i still prefer to day-dream...:o

Runifyouhaveto said:
RUN always see Dear Leader up, give you an example sir, please get your bullets ready



A 4,500 sq ft unit at Boulevard Vue in Cuscaden Walk went for $16.6 million - or $3,700 psf - in this half of the year while the priciest unit in the same period last year was a 7,700 sq ft penthouse in TwentyOne Angullia Park that sold for $43 million, or $5,560 psf.
http://www.stproperty.sg/articles-property/singapore-property-news/plush-and-minus/a/169471
The Straits Times - June 21, 2014
By: CHERYL ONG
Click to expand...
 
krafty said:
thanks for seeing me up, i still prefer to day-dream...:o
Click to expand...

i suspect your salary higher than RUN bro.
Just remember who gave you all the nice dreams, before you made your first 3m bro.

yura185.gif


old lover photo

2005323143853734.jpg
 
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