HWZ Forums

Login Register FAQ Mark Forums Read

New EC at Sumang Walk

Like Tree730Likes
Reply
 
LinkBack Thread Tools
Old 28-07-2019, 09:44 PM   #1591
Senior Member
 
Join Date: Jul 2019
Posts: 782
My Boon Keng DBSS flat is seriously underpriced lol
Just curious, how much was the price then when launched?
Yours on a high floor?
Passerboy is offline   Reply With Quote
Old 28-07-2019, 09:49 PM   #1592
Master Member
 
LeSaux's Avatar
 
Join Date: Jan 2016
Posts: 3,081
Not high floor $500k plus during launch for 4 room

Just curious, how much was the price then when launched?
Yours on a high floor?
LeSaux is offline   Reply With Quote
Old 28-07-2019, 09:53 PM   #1593
SBC
Arch-Supremacy Member
 
Join Date: Mar 2001
Posts: 11,118
Breakeven price at $1000 psf. CDL will need to sell higher.
SBC is offline   Reply With Quote
Old 28-07-2019, 10:23 PM   #1594
Senior Member
 
Join Date: Nov 2007
Posts: 1,029
"Eligible second-time buyers accounted for about 65 per cent of the units sold, said CDL. Under EC rules, only 30 per cent of the project can be allocated to second-time buyers during launch. Those in this group not able to buy during the initial launch period can do so for remaining units one month after the public launch."

Ah... That's how they can offload the remaining to the 2nd timers.

That's why they dare to charge high
momoeagle is offline   Reply With Quote
Old 28-07-2019, 10:41 PM   #1595
Senior Member
 
Join Date: Dec 2018
Posts: 2,269
Any $commitment$ in properties, stocks and others are done without actual future would be like.
Otherwise they would be any divorce too.
But with some guts / contrarian view /reading, one should be able to have some intelligent guess.

Hindsight is always easy.
Merg91 is offline   Reply With Quote
Old 28-07-2019, 10:57 PM   #1596
Master Member
 
LeSaux's Avatar
 
Join Date: Jan 2016
Posts: 3,081
Singaporeans are CPF rich especially second timers. What they used for their first property including accrued interest using CPF funds all throw back into CPF OA for second property use

"Eligible second-time buyers accounted for about 65 per cent of the units sold, said CDL. Under EC rules, only 30 per cent of the project can be allocated to second-time buyers during launch. Those in this group not able to buy during the initial launch period can do so for remaining units one month after the public launch."

Ah... That's how they can offload the remaining to the 2nd timers.

That's why they dare to charge high
LeSaux is offline   Reply With Quote
Old 28-07-2019, 11:16 PM   #1597
Senior Member
 
Join Date: Nov 2007
Posts: 1,029
Singaporeans are CPF rich especially second timers. What they used for their first property including accrued interest using CPF funds all throw back into CPF OA for second property use
I really like how they tweaked the news to sound so positive even though it is the worst EC launch of the past few years.

"The 46 per cent sales achieved as of 6pm on Sunday (July 28) "makes Piermont Grand by far the best-selling property launch in 2019"

Matter of perspective.

But still, it is a far far cry from the 80% some guru was spouting here earlier.
momoeagle is offline   Reply With Quote
Old 28-07-2019, 11:19 PM   #1598
Master Member
 
LeSaux's Avatar
 
Join Date: Jan 2016
Posts: 3,081
I thought the best selling property launch in 2019 should be Sky Everton lol

I really like how they tweaked the news to sound so positive even though it is the worst EC launch of the past few years.

"The 46 per cent sales achieved as of 6pm on Sunday (July 28) "makes Piermont Grand by far the best-selling property launch in 2019"

Matter of perspective.

But still, it is a far far cry from the 80% some guru was spouting here earlier.
LeSaux is offline   Reply With Quote
Old 28-07-2019, 11:44 PM   #1599
Senior Member
 
Zetrio2006's Avatar
 
Join Date: Nov 2017
Posts: 1,451
I thought the best selling property launch in 2019 should be Sky Everton lol
Piermont Grand - Best Selling by number of units sold on launch day in 2019

Sky Everton - Best Selling by % sold

Treasures - Best Selling by total number of units sold in 2019

if I am not wrong.
annetyu likes this.
__________________
Latest Property News
Zetrio2006 is online now   Reply With Quote
Old 28-07-2019, 11:48 PM   #1600
Member
 
Emolisher's Avatar
 
Join Date: Mar 2009
Posts: 419
Developer make it sound so nice lol

Last edited by Emolisher; 28-07-2019 at 11:53 PM..
Emolisher is offline   Reply With Quote
Old 29-07-2019, 12:54 AM   #1601
Senior Member
 
Join Date: Aug 2011
Posts: 2,296
Our BTO HDB flats are all sold out consistently, must be underpriced too. I will try to feedback to Lawrence to raise BTO prices.

If you are willing, do share your property ownership details so we know where you are coming from.
You meant you do not know bto are underpriced ? If I can buy 5 bro from HDB, I will gladly buy it.

And is it important to know what property I own ? Take it as I am a unlucky person who want to buy brownstone EC back then but unable to do so due to mop issue. End up brownstone was sold out. I believe brownstone EC launch was selling about the same as this Samsung EC. To make things worse, it face competition from 2 other ECs in sembawang. But it still get sold out before the project top and also before my hdb mop. So I am quite sure Samsung ec will sold out even faster as no other EC for competition
birmingham123 is offline   Reply With Quote
Old 29-07-2019, 12:54 AM   #1602
Senior Member
 
Join Date: Dec 2018
Posts: 2,269
Now still have units left? Discounts?

Northwave and Parc life launch were far worse. Like 10% sold.
Merg91 is offline   Reply With Quote
Old 29-07-2019, 07:40 AM   #1603
Senior Member
 
Join Date: Nov 2007
Posts: 1,029
Northwave and Parc life launch were far worse. Like 10% sold.
Agreed that those two ec launches were worse. I was referring to the more around the area of Hougang Sengkang Punggol.

Developers only have max 2 years after TOP to sell else face tough penalties. But Sg has not reached it yet as the cooling measure is new. Give more commission to agents also useless if priced too high and no one wants. Of course if buyers still got massive cash pile then still can keep buying it up.

Add that to more launches over next 2 years. Developers aren't even interested on doing much en bloc again after 2017 as they know there are too many new launches coming up. The demand has to come from somewhere.

Every type of investment has cycles. Prices climb a wall of worry.

Not many can average down on property. That's why it is always a "long term investment" if they get stuck. The last time it happened is in the 1990s.

Of course, the cliche by bulls will always be "this time is different". It could be. I'm just a nobody, what do I know right?

Last edited by momoeagle; 29-07-2019 at 08:23 AM..
momoeagle is offline   Reply With Quote
Old 29-07-2019, 08:21 AM   #1604
Senior Member
 
Join Date: Dec 2018
Posts: 2,269
Multiple coolings since 2009
QC since 2011

Look at the latest 2018 or longer period of Singapore property cycle.
Merg91 is offline   Reply With Quote
Old 29-07-2019, 08:32 AM   #1605
Senior Member
 
Join Date: Nov 2007
Posts: 1,029
Multiple coolings since 2009
QC since 2011

Look at the latest 2018 or longer period of Singapore property cycle.
Fair enough.

My in laws were lucky to have benefited a few mil from the en bloc sales before that.

And another mil after that on a 2 other property purchases. Property market crash is not something wanted.

But to me, the longer period is that there has been no correction in prices for quite some time.
annetyu likes this.
momoeagle is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On