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New EC at Sumang Walk

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Old 12-07-2019, 09:50 AM   #481
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Have you been to your friends' private apartments?
Many older ones or higher quantum new ones are of decent in sizes too.

And why do many hdb people chiong more central area if they can?

It is a lifestyle/ convenience + potential gain, just like many prefer cars (BMW, Mercedes some more) than cheapest Toyota despite they serve the same function.

Most private properties have less restrictions, most are profitable & higher quantum in profit when sold.


You have no idea how many people rather squeeze and go outside tell others they live in a condo, no idea why they want to do that cause HDB afford them the same size for a much lower price
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Old 12-07-2019, 09:52 AM   #482
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sory dun get u.. Treasure Trove is beside MRT, so is Luxurie @ Sengkang.. if u look at the prices, is about the same.. ignore the smallest n biggest units, just take the typical 3 bdrms prices as comparison.. their psf is about the same $1100 - 1200 psf.. so both luxurie n treasure trove oso same resale pricing now rite? I take Treasure Trove as example because that the nearest resale condo to Piermont.. and comparing the location, is definitely much better than Piermont, but yet why I still touch my heart and want to buy Piermont ???
Actually what you say is true. As a second timer myself I will need to pay $45,000 resale levy if I buy Piermont. By the time it TOP, my HDB price may drop further. It may be better to consider buying Luxurie if the psf $ is the same right? Luxurie is only 2-3 years old and opposite SK MRT.

I'm thinking of upgrading but the high psf and resale levy puts me off and also got phobia after reading the pasir gudang thing in an article. I'll wait for the EC in SK one and see how. I think I wait and wait wait until no need to buy liao. PSf $ will get higher and higher .
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Old 12-07-2019, 09:56 AM   #483
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Have you been to your friends' private apartments?
Many older ones or higher quantum new ones are of decent in sizes too.

And why do many hdb people chiong more central area if they can?

It is a lifestyle/ convenience + potential gain, just like many prefer cars (BMW, Mercedes some more) than cheapest Toyota despite they serve the same function.

Most private properties have less restrictions, most are profitable & higher quantum in profit when sold.
I think older condos (more than 10 years) are really much bigger in size. And I have to agree a more central location is ideal w a confluence of amenities (I stay at Bishan near the mrt haha)
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Old 12-07-2019, 09:56 AM   #484
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Actually what you say is true. As a second timer myself I will need to pay $45,000 resale levy if I buy Piermont. By the time it TOP, my HDB price may drop further. It may be better to consider buying Luxurie if the psf $ is the same right? Luxurie is only 2-3 years old and opposite SK MRT.

I'm thinking of upgrading but the high psf and resale levy puts me off and also got phobia after reading the pasir gudang thing in an article. I'll wait for the EC in SK one and see how. I think I wait and wait wait until no need to buy liao. PSf $ will get higher and higher .
Exactly, many better options for you, a second timer, than PG.

Wait for these 1-2 years is fine. Prices are not going to go anywhere. More downsides than up in fact. Misconception psf is guaranteed to up and up.
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Old 12-07-2019, 09:59 AM   #485
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[QUOTE=blueunicorn;121701035]
ďThe tender for an EC site at Canberra Link also closed on the same day (July 3), and it saw MCC Land submitting the top bid of $233.89 million. This translates to about $566 psf ppr on the maximum GFA of 413,194 sq ft.Ē

Two EC will be launch at Canberra in the next two years.

I think this is still ongoing right now. Right now there's a huge demand coming from investors, given the catchment of potential tenants from nearby areas.
Fundamentally, you are already wrong. EC is unlikely to be for investment. EC buyers only have 1 property on hand just like buying any public housing.

What is evolving at Canberra? Anything I am missing out other than the MRT station?
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Old 12-07-2019, 10:01 AM   #486
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Exactly, many better options for you, a second timer, than PG.

Wait for these 1-2 years is fine. Prices are not going to go anywhere. More downsides than up in fact. Misconception psf is guaranteed to up and up.
OIC. Thanks. I'll wait then.
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Old 12-07-2019, 10:04 AM   #487
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Exactly, many better options for you, a second timer, than PG.

Wait for these 1-2 years is fine. Prices are not going to go anywhere. More downsides than up in fact. Misconception psf is guaranteed to up and up.
Just some input from a first person pov, I waited and waited in anticipation for prices to come down since 2017 and I totally regretted if you ask me. At many juncture, I had set sight on certain projects, yet I have always held back at the last minute haha, and prices gone north since for those I saw.

I can only say noone knows for sure, itís akin to the stock market I sold ComfortDelGro shares at $2.45 thinking that grab will mobilize the market and its shares will go south, today the shares is about $2.8. No one knows. This is life Haha.
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Old 12-07-2019, 10:06 AM   #488
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OIC. Thanks. I'll wait then.
No problem. Thank me later.

Bear in mind, I said wait for 1-2 years. Don't wait for 7 years and come back cursing at me. That said, property is not guaranteed to rise in 7 years too.. idk, no one knows.
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Old 12-07-2019, 10:06 AM   #489
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As you said, treasure is at much better location, how to compare? Shows that you can get much better resale condo at same price. If you want piermont location, can try comparing with prive or the numerous sengkang resales (aside from lafiesta and luxurie). YOu can easily find $1,000psf there..

Imagine when ecopolitan, waterbay, amore, waterwoods, terrace ECs MOP, the floodgates are going to open for cheap punggol resales. Open your eyes everyone.
If everyone go for resale, resale price will go up too.. supply and demand.. if today no demand, developer will not dare bid at higher price lah.
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Old 12-07-2019, 10:06 AM   #490
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https://www.99.co/blog/singapore/can...ocation-watch/

[QUOTE=annetyu;121701206]

Fundamentally, you are already wrong. EC is unlikely to be for investment. EC buyers only have 1 property on hand just like buying any public housing.

What is evolving at Canberra? Anything I am missing out other than the MRT station?
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Old 12-07-2019, 10:12 AM   #491
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Exactly my thoughts. Nowadays CEO and president also stay in HDB, no need to be shy. Personally, I'd rather boast to people that I stay in holland / tanjong pagar (HDB) than punggol ec. Likewise, in terms of convenience.

Expecting a number of grannies in PG. Hope they have outdoor workout facilities suitable for them!
I believe staying in condo or EC is more about the lifestyle. Bringing kids to swimming pool is just a lift away. Basement carpark much more convenient.

Location is subjective. Not everyone work in town anyway..
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Old 12-07-2019, 10:13 AM   #492
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If everyone go for resale, resale price will go up too.. supply and demand.. if today no demand, developer will not dare bid at higher price lah.
Thing is few are going for resales. Everyone loves new launch, because of various reasons, some because they don't know how to do research and simply look at adverts on the saturday newspapers.

Half of the new launches are from previous en bloc sales. Obviously there will be demand from price insensitive people who stuck the windfall. They provided the support for these high new launch prices, and others come to join in panicking on the basis that there are transactions at the high psf prices. Developers are actually smart in a way to target en bloc land, they created they own pool of demand. well done to the developers but unfortunately that demand is drying up faster than expected.

There are many more new launches in the second half, in case all have forgotten.
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Old 12-07-2019, 10:16 AM   #493
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Canberra plaza? Sembawang hot springs? sports and community hub? The mrt station I already mention?

Come on, most other estates have these...
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Old 12-07-2019, 10:20 AM   #494
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Just some input from a first person pov, I waited and waited in anticipation for prices to come down since 2017 and I totally regretted if you ask me. At many juncture, I had set sight on certain projects, yet I have always held back at the last minute haha, and prices gone north since for those I saw.

I can only say noone knows for sure, itís akin to the stock market I sold ComfortDelGro shares at $2.45 thinking that grab will mobilize the market and its shares will go south, today the shares is about $2.8. No one knows. This is life Haha.
From 2013 to 2017, 5 straight years, prices were flat. You only have yourself to blame for waiting so long. You well know property prices will appreciate in the long run (for now). But i definitely don't support the 30-40% spike in new launch prices. There are numerous resales still available for you MR passer.
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Old 12-07-2019, 10:22 AM   #495
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Thing is few are going for resales. Everyone loves new launch, because of various reasons, some because they don't know how to do research and simply look at adverts on the saturday newspapers.

Half of the new launches are from previous en bloc sales. Obviously there will be demand from price insensitive people who stuck the windfall. They provided the support for these high new launch prices, and others come to join in panicking on the basis that there are transactions at the high psf prices. Developers are actually smart in a way to target en bloc land, they created they own pool of demand. well done to the developers but unfortunately that demand is drying up faster than expected.

There are many more new launches in the second half, in case all have forgotten.
Many Gong Gong buyers had $ in such way while too knowledgeable buyers are still waiting at the sidelines.
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