Property News

[Frodo]

How much you invested on the Condo that time? I think your reasons behind this investment is logical.

Thanks!

We bought for RM750K, with 20% rebate (now remaining mid floor pricing already around RM750K). So effective price for me is the bank loan of 80%. Some may say this rebate is fake one and already factored in the high price. Well, be that as it may, it works for us because I do not have to cough out RM150K, not that I have $2.6m sitting in my bank all the time, right? Also there was no need for all the SPA fees, state consent, loan fees because borne by KSL. DIBS also, no payment until collect keys in 2018. And it comes fully furnished sans the lightings. So to us it was like "almost everything also give, still wait for what?" Others also don't have so much discount or give full furnishing or give free state consent etc. Really like can own a property without coming out with cash except for booking fee RM5000, so we jumped.

 

[Frodo]

OMG the "ponding" at Wong Ah Fook!!!!

 

[Relaxman]

20% rebate is super bargain!! Good investment.

 

[freedom]

Frodo, is the water park at Mt Austin finally open?

 

[Frodo]

Frodo, is the water park at Mt Austin finally open?

Not yet, only the Adventure Park. There was 3 days of free entry to use the obstacle course, ended yesterday. My kids got to try the obstacle course and the kart drifting circuit. Rather impressed with the place. But the Water Theme Park looks very ready to open soon in a few months time.

 

[freedom]

Thanks for the update. Did not know there was an adventure park too.

 

[Frodo]

20% rebate is super bargain!! Good investment.

Yah....when KSL sent me two invoices for RM75000 each my agent told me to ignore it, I was "happy like bird".

Then now my friend told me Green Haven have 30% discount, but don't know how true. Green Haven is partially furnished.

 

[Tekkun]

OMG the "ponding" at Wong Ah Fook!!!!

You can build many many projects but if the infrastructure is not taken care of...

 

[Relaxman]

Yah....when KSL sent me two invoices for RM75000 each my agent told me to ignore it, I was "happy like bird".

Then now my friend told me Green Haven have 30% discount, but don't know how true. Green Haven is partially furnished.

30%??? no way.... I cannot believe there is such a rebate.

 

[Frodo]

30%??? no way.... I cannot believe there is such a rebate.

Too good to be true, right? But my friend is also not those play play kind.

 

[Bubble]

30%??? no way.... I cannot believe there is such a rebate.

There is!A friend got 30%disc +waive foreign levy ,spa .Its at Epic residences.its not the place in the middle of city or supermarkets but in a quiet serene place.

Good for people who hates noise or crowd.Only that you need to drive for shopping or dinner..about 10mis drive to CIQ.

 

[Relaxman]

There is!A friend got 30%disc +waive foreign levy ,spa .Its at Epic residences.its not the place in the middle of city or supermarkets but in a quiet serene place.

Good for people who hates noise or crowd.Only that you need to drive for shopping or dinner..about 10mis drive to CIQ.

Incredible.... I heard is a leasehold project.

 

[Investor888]

I know of one investor who was sales manager in a small property developer. As a staff and a "datuk" he was given massive discounts of up to 30%. He snapped up 10+ propereties and now when its TOP, he has a hard time repaying his relatives and friends as his monthly instalment of RM 30000 is easily 5-6 times his meagre salary.

30%??? no way.... I cannot believe there is such a rebate.

 

[Investor888]

Its machiam like Pine Residence in Gelang Patah... peaceful and away from the crowd. My friend told me he enjoyed his weekend stays there as its so peaceful near to Tian Lai @ Gelang Patah. RM 300+ K plus only for condo facilities. For own stay absolutely ok

There is!A friend got 30%disc +waive foreign levy ,spa .Its at Epic residences.its not the place in the middle of city or supermarkets but in a quiet serene place.

Good for people who hates noise or crowd.Only that you need to drive for shopping or dinner..about 10mis drive to CIQ.

 

[FHBH12]

In what sense is it messy?

Are you buying the condo for own stay?

From what I guess, it sounds like many here are buying more for own usage. That's rather safe... As long as not buying to expect rental or selling it off next time.

At least you get to enjoy the kind of space that you won't get in SG.

I look at the ridiculous sizes of condos and HDB flats nowadays...it's so disappointing. For condos, the interior is already so small but they like to give a huge balcony. Yet people still buy. There are really many rich people in Singapore!!!

You can try selling in this market to go through the pain and hassle. You have to take losses (lost of capital and opportunity cost), pay lawyers, agents, banks for processing the contracts and cancellations etc. There should be quite a bit of travel through the customs to settle the paper work and payments.

I don't have condos in JB. Many people here do buy for own use or have long term plan to sell. The good thing about properties in JB is the low price and proximity, which gives many lower and middle class the opportunity to experience their dreams of a private property. There is a good chance that once your condo TOPs in 2-3 years' time, you might have second thoughts about selling if you have not owned any private property in Singapore before and your financial situation improves.

 

[xebay11]

You can try selling in this market to go through the pain and hassle. You have to take losses (lost of capital and opportunity cost), pay lawyers, agents, banks for processing the contracts and cancellations etc. There should be quite a bit of travel through the customs to settle the paper work and payments.

I don't have condos in JB. Many people here do buy for own use or have long term plan to sell. The good thing about properties in JB is the low price and proximity, which gives many lower and middle class the opportunity to experience their dreams of a private property. There is a good chance that once your condo TOPs in 2-3 years' time, you might have second thoughts about selling if you have not owned any private property in Singapore before and your financial situation improves.

But do not be lulled into false security, the property is still a ticking time bomb and you may be just be delaying the inevitable, still have to consider bad tenants, break-in while the unit is vacant and deteriorating maintenance. If sgcount could at least move there at least he can enjoy the place and treat it like buying a car.

 

[Tekkun]

But do not be lulled into false security, the property is still a ticking time bomb and you may be just be delaying the inevitable, still have to consider bad tenants, break-in while the unit is vacant and deteriorating maintenance. If sgcount could at least move there at least he can enjoy the place and treat it like buying a car.

I think for a S$250k adventure, it is considered low risk. Just treat it as a piggy bank to save money. Afterall, it won't be total loss. There's still residual value at the end of the day.

 

[Tekkun]

I know of one investor who was sales manager in a small property developer. As a staff and a "datuk" he was given massive discounts of up to 30%. He snapped up 10+ propereties and now when its TOP, he has a hard time repaying his relatives and friends as his monthly instalment of RM 30000 is easily 5-6 times his meagre salary.

At least he believe in his projects.

 

[xebay11]

I think for a S$250k adventure, it is considered low risk. Just treat it as a piggy bank to save money. Afterall, it won't be total loss. There's still residual value at the end of the day.

Sgcount has to decide if $250k is small change, you would not like to put $250k into a piggy bank and later take out $150k.

 

[xebay11]

At least he believe in his projects.

Face palm.