Same here. No matter how cheap those geylang freeholds are, I am not at all interested.
What do you think of those FH landed in the seletar area?
Same here. No matter how cheap those geylang freeholds are, I am not at all interested.
What do you think of those FH landed in the seletar area?
Its a nice area but you probably need to own a car. And if you want to travel to CBD, it will take quite some time. Will be good if you are retiree.
It is perfectly fine if other people use their money to purchase property to drive the economy. As Long as they are not using my money...if they gain with all the absd, high interest and taxes we can only congratulate them. If they lose money like those who bought some Sentosa properties, then use them as a lesson learnt. They pay ‘fees’ to learn, but we learn from them...
Probably those <1500 psf is a safer bet.....can't imagine them to drop for more than 50%....
Case Study
Case 1:
Remembered one developer CEO urged people to buy Sentosa as ‘land is limited’ and ‘foreigners can buy’ ...see what happened to price of Sentosa properties.
Then recently, someone urged government to make Sentosa an exhibition and seminar hub like Bali..
Case 2:
Some agents urged buyers to buy West sun facing units, ‘clothes easy to dry.’
Case 3:
One agent during his seminar urged buyers to buy highway facing units, ‘highway unblocked view’
Many people buying. I was at show flat yesterday. many families engaged with agents and I can see both buyers and agents satisfied face.
Many people buying. I was at show flat yesterday. many families engaged with agents and I can see both buyers and agents satisfied face.
Which show Flat?
Good to know that during school holidays, families take time out to visit show flat- ‘singapore favourite pastime’
Also, good to have satisfied people around, maybe when recession comes, they would be even more satisfied to have closed multiple deals before the recession.
Anyway, the ones holding the potatoes (dunno hot or golden) are the buyers and good luck on their purchases.
Sentosa property is the playground mainly for foreign investors, and recent CM imposed a tax of 20% on these foreign buyers.
As a normal singaporean family, would u want to live in Sentosa and send your kids to schools or travel to work by driving in and out of the Sentosa gantry to Singapore mainland every morning?
How would you and your parents find a decent/affordable hawker or coffee shops around Sentosa cove for their daily meals? Are there any nearby healthcare services if one needs urgent medical attention w/o the need to drive in and out?
Who would be your prospective Sentosa buyers in the near future?
One needs to think through and consider carefully the above points.
This has nothing to do with how much psf would be a safer bet. It’s a misconception to mix mainland property with Sentosa property. I can easily quote you more examples of Sentosa property making a loss of more than 40% and some of these properties are bought during the last decade where many other Singapore mainland properties are already seeing huge capital appreciation over the past few years.
Likewise in the property downward cycle, even in Singapore mainland, If u buy the wrong property at a cheaper psf, u will still lose money. In today’s context, there’s no sure win in property investment anymore.
While Sentosa property is suffering a 50% loss, Singapore mainland property are still transacting at skyhigh psf/quantum. It is important to be discerning in whatever we read and make sense out of it.
Penthouse at 3 Orchard By-The-Park fetches $31.5 mil http://www.newsloop.co/u/21ku51
Not only sentosa units are making losses. There are many developments on mainland that are consistently making losses too including orchard area. Marina bay suites is one example. I am pretty sure buyers who are paying sky-high for those new launch orchard penthouses will have a good chance to sell for loss in the future.
That said, I have said before that the luxury property market is very different from mass-market condos like Treasure etc.
UNDER THE HAMMER: Unit at Marina Bay Suites for sale at $5.8 mil
https://www.edgeprop.sg/property-news/under-hammer-unit-marina-bay-suites-sale-58-mil
Was at the Changi prison show flat and amaze with the crowd. property is so attractive.