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Old 12-07-2019, 10:05 PM   #541
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How come terrasse only 10xxpsf near to upcoming mrt but yet, not a lot are buying? Are we sure these are the hidden gems?
Sometimes, I wish buying property is that simple and so straight forward to understand but in many cases, it is not so. While many are preaching to buy cheap big size resale, if u buy the wrong resale, your profit gain will remain flattish or could even end up making huge loses and could take you a very Long time to repent. Same for buying new launches.

Just offering my balance view between buying resale and new launches.
Definitely not all resales are good. If you say Terrasse is not good then Affinity and garden should not be good either. THey are all in the same area with Terrasse arguably in the better location. If you dislike Terrasse then there is still luxurie and la fiesta and quartz and many more! All that I am recommending are beside or near mrt. If I am looking to buy, I will definitely not be so kind to share here.

Imo why resales are dead is because the new launch hype is too strong. As I said before, mass market / ec buyers are far from the most savvy ones. That is why there will always losers and winners.
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Old 12-07-2019, 10:06 PM   #542
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This is indeed true. There is a reason why some projects sell better than others.

When the cross island line is ready, it will surely benefit condos like terrassee but that is in 10 years time (a pretty long horizon). In comparison, Punggol MRT is already in operation for the Sumang EC, thus bringing about greater convenience and accessibility.
I may not have 40 years of experience in property but I donít deny I have engaged myself in 6 to 7 rounds of buying and selling from the past two decades. Seen too many rounds of CMs and recessions, seen too many case studies, visited many new and old projects, and also too many past history to learn from.

Anyway, Iím now taking a break from property. Will enter again when the time is right.
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Old 12-07-2019, 10:09 PM   #543
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When the cross island line is ready, it will surely benefit condos like terrassee but that is in 10 years time (a pretty long horizon). In comparison, Punggol MRT is already in operation for the Sumang EC, thus bringing about greater convenience and accessibility.
May I confirm you do not recomend affinity and garden?

You talk as if sumang is beside punggol mrt. Likewise, terrassee is only a 10 mins bus ride to serangoon mrt station with more than 6 public buses to choose from. I don't even have any interests in terrassee, why am I even trying so hard? Am I too kind?
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Old 12-07-2019, 10:12 PM   #544
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I may not have 40 years of experience in property but I donít deny I have engaged myself in 6 to 7 rounds of buying and selling from the past two decades. Seen too many rounds of CMs and recessions, seen too many case studies, visited many new and old projects, and also too many past history to learn from.
While you have a wealth of experience, do take note that the current and future economic conditions and trends are very different from the past. (not i say one, expert economists and fed chairman said it) So do not dwelve on the past too much.
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Old 12-07-2019, 10:13 PM   #545
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Imo why resales are dead is because the new launch hype is too strong. As I said before, mass market / ec buyers are far from the most savvy ones. That is why there will always losers and winners.
Are you sure all resales are dead? How come prive resale not dead? How come Watertown resale not dead? How come terrasse is dead?
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Old 12-07-2019, 10:15 PM   #546
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May I confirm you do not recomend affinity and garden?

You talk as if sumang is beside punggol mrt. Likewise, terrassee is only a 10 mins bus ride to serangoon mrt station with more than 6 public buses to choose from. I don't even have any interests in terrassee, why am I even trying so hard? Am I too kind?
I only said it will BENEFIT The terrasse I did not pass on any recommendation on the affinity or the gardens. And where did I even mention that Sumang EC is beside Punggol MRT? Walk la.

Seriously, I think you have selective reading.
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Old 12-07-2019, 10:15 PM   #547
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Are you sure all resales are dead? How come prive resale not dead? How come Watertown resale not dead? How come terrasse is dead?
1. Prive just finished MOP, so its something like new launch hype.
2. Watertown is beside mrt and part of huge shopping mall.
3. Terrasse's mrt station is not up yet.

Hope that answers your question.
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Old 12-07-2019, 10:18 PM   #548
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Not to embarrass the 'expert' about the 'dead' resale market :

New sale :
Developers sold 952 units in May uMay,p nearly 30 per cent from 735 units in April
https://www.straitstimes.com/busines...-30-last-month

Resale:
Property market executive Nicholas Mak said there were more signs of a stabilising market, with resale volume largely unchanged from March to May this year at between 809 and 835 units monthly.
https://www.straitstimes.com/busines...straight-month

Last edited by Merg91; 12-07-2019 at 10:26 PM..
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Old 12-07-2019, 10:18 PM   #549
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While you have a wealth of experience, do take note that the current and future economic conditions and trends are very different from the past. (not i say one, expert economists and fed chairman said it) So do not dwelve on the past too much.
Quote me an example that any of my statement still dwell on the past?
I did not show much negativity about the current price pertaining to new launch and complaining non stop that current price for new launch should revert back to the past.

I accepted it and move on. U see me buying now?
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Last edited by NiShiZhu; 12-07-2019 at 10:23 PM..
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Old 12-07-2019, 10:18 PM   #550
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I may not have 40 years of experience in property but I donít deny I have engaged myself in 6 to 7 rounds of buying and selling from the past two decades. Seen too many rounds of CMs and recessions, seen too many case studies, visited many new and old projects, and also too many past history to learn from.

Anyway, Iím now taking a break from property. Will enter again when the time is right.
Haha I doubt 40 years of experience in property helps, unless one can show that he or she is some property magnate. We are all here to share, learn and observe, if anyone can tell what the market would be for certain, in 5 years time; do let everyone know.
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Old 12-07-2019, 10:20 PM   #551
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1. Prive just finished MOP, so its something like new launch hype.
2. Watertown is beside mrt and part of huge shopping mall.
3. Terrasse's mrt station is not up yet.

Hope that answers your question.
When terrasse just TOP, I don’t recall there’s a huge jump in resales transaction. Please correct me if I’m wrong.
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Old 12-07-2019, 10:21 PM   #552
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I only said it will BENEFIT The terrasse I did not pass on any recommendation on the affinity or the gardens. And where did I even mention that Sumang EC is beside Punggol MRT? Walk la.

Seriously, I think you have selective reading.
I said you "talk as if sumang is beside punggol mrt." You are pretty selective too or cannot comprehend well too. For Terrasee, take bus la! Serangoon mrt somemore, better than punggol.

What I am trying to confirm you think sumang is better than terrasse and affinity and garden. Because you seem to support all new launches. At first say looking at queenstown and parc esta, now abandon those threads and hop over here.
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Old 12-07-2019, 10:27 PM   #553
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Not to embarrass the 'expert' :

New sale :
Developers sold 952 units in May uMay,p nearly 30 per cent from 735 units in April
https://www.straitstimes.com/busines...-30-last-month

Resale:
Property market executive Nicholas Mak said there were more signs of a stabilising market, with resale volume largely unchanged from March to May this year at between 809 and 835 units monthly.
https://www.straitstimes.com/busines...straight-month
I am more up to date to the news and can easily pull up news (in fact I alr posted some) that you would not like about the economy and property. This morning already got 1 big news. WHy you never post that? DOn't just update us with you 1 -sided news.

I am not the only one saying resales are more worth. In fact, another "expert" say sumang will sell badly, i said 60%.

DOn't embarrass yourself like others. Your image is scratched but not damaged yet.
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Old 12-07-2019, 10:33 PM   #554
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When terrasse just TOP, I donít recall thereís a huge jump in resales transaction. Please correct me if Iím wrong.
I cannot pull out the data either.

However you should well know the difference between TOP and MOP, PC and EC. PC you can sell anytime, EC floodgates are only open after 5 years.

Also during terrassee time, market was flat, hardly any room for profitting.

Actually till now, you have not explained why terrassee volume is low and prive is high?? So why?
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Old 12-07-2019, 10:35 PM   #555
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Enlighten us why resale market is dead in your 'humble opinion'.
I just show you the facts & not my opinion.

Few of us got 'big Insider news'.

I am more up to date to the news and can easily pull up news (in fact I alr posted some) that you would not like about the economy and property. This morning already got 1 big news. WHy you never post that? DOn't just update us with you 1 -sided news. .
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