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Old 10-07-2019, 12:26 AM   #331
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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.
Why did I not buy more landed at 1 million dollars 10 years ago?

Why I sell my landed so early?

Who knows when developers will get crazy and bid for properties collectively again? Please let us know.

Last edited by annetyu; 10-07-2019 at 12:28 AM..
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Old 10-07-2019, 01:49 AM   #332
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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.
That is precisely my point too. New launch price raise so fast and resale market lag behind which make it a better buy in my opinion. If more people go for resale, resale price will catch up too
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Old 10-07-2019, 08:01 AM   #333
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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.
This is what we see from caveat:
1,044 18-Jul
1,011 18-Jul
942 18-Jul
893 18-Jul
742 18-Jul - 1600sf
865 18-Jul
1,006 18-Jul
899 18-May
908 18-Mar
870 18-Feb
711 18-Jan
850 17-Nov
822 17-Oct
863 17-Sep
880 17-Aug
870 17-Jul
865 17-Jun
706 16-Aug

There are 9 units before Mar 2018, highest only 880psf,
Mar onwards, price cross 900 and hit 1k.
As for MOP, only HDB and the seller knows.
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Old 10-07-2019, 09:21 AM   #334
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Whether or not is the "right time" to buy property now or not is very hard to debate unless one can predict the future.

Even if one compare old resale unit versus new. Is it really relevant to conclude the "right time"?
Some hunt places for own stay
Some prefer new place to stay
Thus how accurate is it for the "right time debate" between the old vs new condo thingy?


Discussion should be more useful when its done comparing the location, interior design, nearby ammenities,transportation accessibility

These info may help the ppl more

Ultimately ppl may not be listening if u tell them right or wrong time when they still wanna spend the money to buy anyway.
Because they will be doubtful even when u tell them is right or wrong time.
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Old 10-07-2019, 11:12 AM   #335
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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..
My house now is 1066sf and my common room also 8-9 sm. I also have a 9sm balcony in the living room
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Old 10-07-2019, 12:35 PM   #336
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1 year after 2018 'cooling' & there is not even 5% off.

The 'debate' from the few doomsayers here is basically those few.
Outside from here the property market still continue to move on with hundreds new units sold every month.

Whether or not is the "right time" to buy property now or not is very hard to debate unless one can predict the future.

Even if one compare old resale unit versus new. Is it really relevant to conclude the "right time"?
Some hunt places for own stay
Some prefer new place to stay
Thus how accurate is it for the "right time debate" between the old vs new condo thingy?
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Old 10-07-2019, 12:46 PM   #337
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For EC, not much choice, buyer either currently staying with parents or with a flat while this new purchase TOP takes around 3 years. Purchase timing? probably depends on buyer readiness.
Loan as many mentioned is a headache part where buyers need to secure a IPA before entering OTP. Of course this part can do later, before S&P.
And there are upfront and levy for 2nd timer to get ready. E-app and signing over dotted line is very fast, all these consideration must be done ahead. Like some said, new launch its comparable to wet market buy veggies, fast hand fast leg.


Consideration for me would be their plot land size, of course the location.
Their layout and uses of floor space for example the a/c ledge size, walkway, yard, utilities, window for toilet etc. Then comes their finishing, can't expect much from a EC with all the developer $ goes to the land for this round. Most season ppl prefer CDL finishing, to me is subjective. I may also look at CDL other projects landscaping. All this could end up be added plus point when selling.


Baseline, if you like the project, chances of others feel the same way is higher. But at this price, I really must love the project.
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Old 10-07-2019, 01:04 PM   #338
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1 year after 2018 'cooling' & there is not even 5% off.

The 'debate' from the few doomsayers here is basically those few.
Outside from here the property market still continue to move on with hundreds new units sold every month.
I feel the cooling measures were not well timed; it came alittle too late to fulfil its intended effect; given the high land bid prices and the pent up demand, it is no surprise the prices continue rising. The new baseline price seems to show for city fringe projects (RCR) are about 16xx psf, CCR about 25xx psf upwards and OCR about 13xx upwards. EC prices are 11xx psf upwards(waiting to see the price at Sumang Link EC).
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Old 10-07-2019, 01:10 PM   #339
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1 year after 2018 'cooling' & there is not even 5% off.

The 'debate' from the few doomsayers here is basically those few.
Outside from here the property market still continue to move on with hundreds new units sold every month.
https://www.todayonline.com/singapore/british-billionaire-dyson-buys-singapores-priciest-penthouse-0

just saw this. wow.
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Old 10-07-2019, 01:25 PM   #340
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I also recalled Prive MOP is around July 2018 and true enough, thereís 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? Iím quite surprise HDB can allow that. Can state some examples?
Only if its a few months to MOP, if its like more than a year HDB will not easily allow.

Frivolous reasons can be anything, I promised my friend not to tell anyone but just know that its really frivolous.
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Old 10-07-2019, 01:34 PM   #341
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This is what we see from caveat:
1,044 18-Jul
1,011 18-Jul
942 18-Jul
893 18-Jul
742 18-Jul - 1600sf
865 18-Jul
1,006 18-Jul
899 18-May
908 18-Mar
870 18-Feb
711 18-Jan
850 17-Nov
822 17-Oct
863 17-Sep
880 17-Aug
870 17-Jul
865 17-Jun
706 16-Aug

There are 9 units before Mar 2018, highest only 880psf,
Mar onwards, price cross 900 and hit 1k.
As for MOP, only HDB and the seller knows.
Unless the unit was rented out during MOP (special case for people working overseas), MOP is always fixed at 5 years after TOP, so I'm not sure what you meant by only HDB and seller knows.

Prices only hit 1k+ psf from July onwards after the EC crossed MOP, not before that in March or May.
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Old 10-07-2019, 02:16 PM   #342
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The coolings are simply flattening the curve in the chart.
They never crash the market or rarely trigger any of big sale by the developers.

Those 'good old days' of big & cheap units are gone.
New ECs are still Lexus @ Toyota price as compared with new condo.


I feel the cooling measures were not well timed; it came alittle too late to fulfil its intended effect; given the high land bid prices and the pent up demand, it is no surprise the prices continue rising.
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Last edited by Merg91; 10-07-2019 at 03:40 PM..
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Old 10-07-2019, 02:18 PM   #343
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He has so much confidence in Singapore.
Many eyes popped out when he announced Dyson electric car factory here.

https://www.todayonline.com/singapore/british-billionaire-dyson-buys-singapores-priciest-penthouse-0

just saw this. wow.
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Old 10-07-2019, 02:28 PM   #344
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The coolings are simply flattening the curve in the chart.
They never crash the market or rarely trigger any of big sale by the developers.

Those 'good old days' of big & cheap units are gone.
New ECs are still Lexus @ Toyota price as compared with new condo.
Flat for the next 5 years (just like geylang freehold for the past 5 years).. How sad. Time to look for other investment options.
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Old 10-07-2019, 02:38 PM   #345
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My house now is 1066sf and my common room also 8-9 sm. I also have a 9sm balcony in the living room
yours got utility / yard / wc ? this 840sqft doesn't comes with all these..
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