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Old 09-07-2019, 02:40 PM   #316
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This sumang EC is priced against all these overpriced new launches, so of cause you're unlikely to find any lower priced new launches.

Please take photos of the showflat when you can, esp of the most common 840 sqft 3 bedder.

You're lucky many don't care about livability anymore, so your sales should be good! Try to distribute more flyers around SK/PK hdb and all the best!
will post some pics on Friday.. don't have the breakdown of the common rooms yet.. but if im not wrong, should be around 8-9 sm for common room..
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Old 09-07-2019, 03:05 PM   #317
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Sumang land bid result came out on Feb 2018.


Prive transactions price before this date was 826psf.


Mar 2018 onwards, those 1100sqft and below units at Prive transacted at 984psf on average, highest hit 1064psf, lowest 865psf.


In total, sales of all sizes units transacted after Feb 2018 till now, 139 changed hands.


The land bid result does drive up resale price and resale volumn at Prive.
Those smart one made the first move.
It was due to MOP, got nothing to do with land bid. Prive reached its 5 yr MOP in July 2018. HDB will usually allow early sale for frivolous reasons if MOP is only a few months away so the transactions after March were likely those cases.

You can see that prices jumped another few % again after it reached MOP in July.
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Old 09-07-2019, 11:04 PM   #318
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U are funny. If people does not share the same thoughts as you, then he must be this or must that. I not an expert, but can already see you are trying too hard already
Go and reread your recent comments.

ďResale condo should price higher than new launch condoĒ. This is obviously ridiculous.

ďResale condo should catch up with new launch pricing, not the other way roundĒ. Like that developers can anyhow bid la?

If you can post some facts to justify your points, I am cool. However, your above 2 statements are obviously incorrect.
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Old 09-07-2019, 11:07 PM   #319
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Goes to show that new launches are overpriced.

Old resales are supposed to be higher than new launch? Really?

Either you are a newbie or trying hard to flip your flat.

U are funny. If people does not share the same thoughts as you, then he must be this or must that. I not an expert, but can already see you are trying too hard already

If old resale cannot be priced higher than launch time, then no one will buy at launch anymore.. usually during launch time, project will launch at a price and given some developer discount.. when the project is selling well, developer will remove some discount along the way and during top, that is when the price usually is the highest. That is what I see for most projects including EC and condos. But if the project cannot sell, then developer will cut price instead. But overall, at least for EC cases is price is always going up when near top because EC always get sold out !

For the case of resales higher than launch price, I already state that this is the trend I always see last time. And this is the reason why people buy and flip properties right ? That is why I am surprised that now resales price lower than launch when I feel resales market is not yet catching up.

U can have your view new launch now is overpriced. I agree too, but if the project get sold out eventually, that means the project is not overpriced. I dare say this Samsung ec will sold out before it's top date anyway
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Old 09-07-2019, 11:07 PM   #320
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It was due to MOP, got nothing to do with land bid. Prive reached its 5 yr MOP in July 2018. HDB will usually allow early sale for frivolous reasons if MOP is only a few months away so the transactions after March were likely those cases.

You can see that prices jumped another few % again after it reached MOP in July.
I also recalled Prive MOP is around July 2018 and true enough, there’s a jump in price, on average ard 9xx to 1kpsf.
But what kind of frivolous reasons allows EC to be sold earlier than its MOP date? I’m quite surprise HDB can allow that. Can state some examples?
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Old 09-07-2019, 11:11 PM   #321
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Go and reread your recent comments.

ďResale condo should price higher than new launch condoĒ. This is obviously ridiculous.

ďResale condo should catch up with new launch pricing, not the other way roundĒ. Like that developers can anyhow bid la?

If you can post some facts to justify your points, I am cool. However, your above 2 statements are obviously incorrect.
If developer launch a project at a sky high price and not many people buy, of coz the price will drop. But for sold out projects, normally what I see is resales market price will be higher than launch time or catch up with the new launch in the surrounding or higher since it is a ready unit and no need to wait.
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Old 09-07-2019, 11:27 PM   #322
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If developer launch a project at a sky high price and not many people buy, of coz the price will drop. But for sold out projects, normally what I see is resales market price will be higher than launch time or catch up with the new launch in the surrounding or higher since it is a ready unit and no need to wait.
I think you mean resales of yet to be topped developments. That should be called sub sales... Maybe thatís why we have a misunderstanding... If that is what youíre talking about then maybe yes but not always true. If true then everyone can just snap up new launch on first day and expect to make profit. Money where got so easy to make one??

Sumang can sell out because itís still considered affordable. However it looks like more are squeezing themselves dry for the sake of staying in condo, with less money for other uses. Itís their choice of course... but now they donít really seem to have a choice, itís the developers playing with the market.
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Old 09-07-2019, 11:43 PM   #323
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I think you mean resales of yet to be topped developments. That should be called sub sales... Maybe thatís why we have a misunderstanding... If that is what youíre talking about then maybe yes but not always true. If true then everyone can just snap up new launch on first day and expect to make profit. Money where got so easy to make one??

Sumang can sell out because itís still considered affordable. However it looks like more are squeezing themselves dry for the sake of staying in condo, with less money for other uses. Itís their choice of course... but now they donít really seem to have a choice, itís the developers playing with the market.
Actually my point is, for example highpark at fernvale, after top, there is another project beside it parc botanic or something, so highpark initially launch at 900psf, then beside it parc botanic launch at 1200psf is it ? So did highpark resales sell at 1200psf or way below it ?
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Old 09-07-2019, 11:44 PM   #324
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All getting to q over nite for new launch ?
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Old 09-07-2019, 11:47 PM   #325
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All getting to q over nite for new launch ?
My gut feel sumang will sell lah, most people are quantum sensitive, not psf sensitive.
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Old 09-07-2019, 11:53 PM   #326
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Actually my point is, for example highpark at fernvale, after top, there is another project beside it parc botanic or something, so highpark initially launch at 900psf, then beside it parc botanic launch at 1200psf is it ? So did highpark resales sell at 1200psf or way below it ?
I think from the other perspective, new EC Sumang link is going to launch at 1100psf upwards, highpark being a private condo would not sell at 900psf given that it is a newly TOP condo in the same vicinity. In due time, I would think highpark would reach 1250psf upwards. The time of 900psf for new launch private condo may have passed; cheapest private condo in 2018(I think)óriverfront is at 12xx psf when launched. Looking back, I had wished I started looking into the market 3 years back.
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Last edited by Passerboy; 09-07-2019 at 11:58 PM..
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Old 10-07-2019, 12:11 AM   #327
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I think from the other perspective, new EC Sumang link is going to launch at 1100psf upwards, highpark being a private condo would not sell at 900psf given that it is a newly TOP condo in the same vicinity. In due time, I would think highpark would reach 1250psf upwards. The time of 900psf for new launch private condo may have passed; cheapest private condo in 2018(I think)—riverfront is at 12xx psf when launched. Looking back, I had wished I started looking into the market 3 years back.
I always lament why I didn’t buy duo residence when it was selling at 1800psf or poiz residence at 13xxpsf as those who bought are likely to be the winners. Each cycle has its bull run and down cycle. I try tell myself don’t look back and lament the past.
Fret not, let history be our learning point for this round and don’t miss the boat again in the next round when you see an opportunity coming along your way. Start saving your bullet now and patiently wait for the right time.

Undeniably, to make money from property is getting harder.
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Old 10-07-2019, 12:17 AM   #328
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I always lament why I didnít buy duo residence when it was selling at 1800psf or poiz residence at 13xxpsf as those who bought are likely to be the winners. Each cycle has its bull run and down cycle. I try tell myself donít look back and lament the past.
Fret not, let history be our learning point for this round and donít miss the boat again in the next round when you see an opportunity coming along your way. Start saving your bullet now.

Undeniably, to make money from property is getting harder.
Haha I ask myself the same question too on the poiís residences everytime I pass by potong pasir. Or question why didnít I buy commonwealth towers when launched. I guess itís always easy to look back and lament retrospectively, but to put our money where the mouth is is the hardest haha.

In current market, it is harder than ever to tell when the opportunity would arise.
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Old 10-07-2019, 12:23 AM   #329
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Actually my point is, for example highpark at fernvale, after top, there is another project beside it parc botanic or something, so highpark initially launch at 900psf, then beside it parc botanic launch at 1200psf is it ? So did highpark resales sell at 1200psf or way below it ?
Well, the newer just topped resale projects definitely have benefitted during this euphoric period. High park buyers are lucky to have purchased just before the enbloc craze.

However, if you look at the wider resale market, prices are still lagging far behind. And new launch pricing surged 20-30% in less than 1.5 years. This is the basis of my arguments since I joined the forum. Some acknowledged it but others remain ignorant. My friends Ravi and Lawrence seem to share the same thoughts as me.

As I said before, if market and economy is really doing well, it doesnít need to rely on new launches to push up prices and instead we should see upwards movements in every segment of the property market.. However, everything now is based off developer land bids and launch prices.

Sorry to repeat myself again since many still donít seem to get it. I am totally fine with high prices if resales and other economic indicators are moving in tandem as well but are they?

Iíd rather have a gradual increase in prices rather than a sudden spike followed by 5 years of a dying market again.
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Old 10-07-2019, 12:23 AM   #330
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Haha I ask myself the same question too on the poi’s residences everytime I pass by potong pasir. Or question why didn’t I buy commonwealth towers when launched. I guess it’s always easy to look back and lament retrospectively, but to put our money where the mouth is is the hardest haha.

In current market, it is harder than ever to tell when the opportunity would arise.
Even you buy poiz residence 2-3 years back, pple will still laugh at you stupid.
Even u buy 8@woodleigh in 2009, pple will still say u crazy and ask u why buy during recession?

Take the forum comments with a pinch of salt, make your own judgement call based on your own financial capacity.
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