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Old 23-07-2019, 08:18 AM   #916
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Tertiary instituition, depending on size, may have a good positive impact on the rental

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Yes, definitely.. all these will have impact on the prices of the property nearbys.. just like why those within 1km of TOP primary schools, their prices are pretty steep compared to their neighbouring that are slight outside of 1km..


punggol currently don't have any tiertary instituition.. only got upcoming SIT in 2023.. but got Global International School though at the end of Punggol..
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Old 23-07-2019, 09:25 AM   #917
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Seems that there are plenty of views in this thread which is a good thing.

Anyway, there was an interesting thread in reddit some time back but I managed to dig it up.

Not sure where the stats came from but this is from one of the post.

Poorest areas in Singapore

Metric being % of residents with gross monthly income of under $2000



Thread is here

https://www.reddit.com/r/singapore/c..._in_singapore/
Congrats, does that mean that punggol residents are the 3rd wealthiest after bukit timah and tanglin? I better visit there more often and see if I can adopt a few rich god-children!
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Old 23-07-2019, 09:26 AM   #918
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those who are keen on price of #2, #5, #10 & #15 can pm me your email addresses.

anyway, two more days you can get prices to ALL units.
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Old 23-07-2019, 11:26 AM   #919
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Less than 1.5 year ago in 2018 Q1, prices were still S$800psf. Now, prices are $1,150, or a 43% jump. You all can think for yourselves before jumping into the queues trying to secure your fav unit..

https://www.propertyguru.com.sg/prop...oming-too-high
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Old 23-07-2019, 02:20 PM   #920
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Punggol residents profile is younger ma, newer estate.

Congrats, does that mean that punggol residents are the 3rd wealthiest after bukit timah and tanglin? I better visit there more often and see if I can adopt a few rich god-children!
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Old 23-07-2019, 02:25 PM   #921
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Many measures are in to ensure most don't over commit.

Read more & you know most buyers are Singaporeans.
AMDKs don't stay long term & few buy here.
Levies stop many Chinese buyers.

That's why you have to think very carefully lo. If both not working, very jialat. Bank dont pity anyone de. Cannot pay, take your house n fire sale liao. My company also got retrenchment n got news that there will be a 2nd round.

Deutsche Bank most jialat liao. Current property market like that thanks to AMDK n chinese. If bo lang buy then really gg.
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Old 23-07-2019, 02:29 PM   #922
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So will the good old price be back ?
早知道.........

Less than 1.5 year ago in 2018 Q1, prices were still S$800psf. Now, prices are $1,150, or a 43% jump. You all can think for yourselves before jumping into the queues trying to secure your fav unit..
]
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Old 23-07-2019, 02:33 PM   #923
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So will the good old price be back ?
早知道.........
Definitely it is unlikely that $800psf will come back unless the market crash.

But it can easily go back to $1000psf if buyers think carefully and don't rush in to buy on euphoria.
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Old 23-07-2019, 02:35 PM   #924
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Some of those low end area have many non working elderly & newer areas more working young couples.
But hor, their old flats can be worth a lot more.

Seems that there are plenty of views in this thread which is a good thing.

Anyway, there was an interesting thread in reddit some time back but I managed to dig it up.

Not sure where the stats came from but this is from one of the post.

Poorest areas in Singapore

Metric being % of residents with gross monthly income of under $2000
]
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Old 23-07-2019, 02:39 PM   #925
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Seems that there are plenty of views in this thread which is a good thing.

Anyway, there was an interesting thread in reddit some time back but I managed to dig it up.

Not sure where the stats came from but this is from one of the post.

Poorest areas in Singapore

Metric being % of residents with gross monthly income of under $2000



Thread is here

https://www.reddit.com/r/singapore/c..._in_singapore/
High salary cheap housing (chiongster)
Ex housing Low salary (semi retired)

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Old 23-07-2019, 03:02 PM   #926
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Less than 1.5 year ago in 2018 Q1, prices were still S$800psf. Now, prices are $1,150, or a 43% jump. You all can think for yourselves before jumping into the queues trying to secure your fav unit..

https://www.propertyguru.com.sg/prop...oming-too-high
if im not wrong, 2018 Q1, there is no EC launches.. only in Apr 2018 the Rivercove EC launched..

"For example, the EC, Rivercove Residences set a new high for EC prices when it came close to breaching the $1,000 per square foot (psf) threshold during its April 2018 launch." -> source from the Propertyguru link that you provided...
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Old 23-07-2019, 03:08 PM   #927
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if im not wrong, 2018 Q1, there is no EC launches.. only in Apr 2018 the Rivercove EC launched..

"For example, the EC, Rivercove Residences set a new high for EC prices when it came close to breaching the $1,000 per square foot (psf) threshold during its April 2018 launch." -> source from the Propertyguru link that you provided...
Even last year when Rivercove was launched, the prices ady crossed $10xxpsf... so is Piermont really so much more expensive than Rivercove? those who went and see Rivercove and Piermont would know best whats the difference for these 2.. I have personally seen both projects showflat before.. but I shall save the comments to myself as im a property agent..later ppl think im trying to hard sell Piermont...
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Old 23-07-2019, 03:13 PM   #928
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I seriously donít understand whatís so good about piermont. Tbh, if there are 5 ECs launching this year, piermont definitely wonít sell at all, and will be the weakest.
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Old 23-07-2019, 03:21 PM   #929
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Even last year when Rivercove was launched, the prices ady crossed $10xxpsf... so is Piermont really so much more expensive than Rivercove? those who went and see Rivercove and Piermont would know best whats the difference for these 2.. I have personally seen both projects showflat before.. but I shall save the comments to myself as im a property agent..later ppl think im trying to hard sell Piermont...
Rivercove got really good view for certain facing.

You are lucky that rivercove served as a bridge for piermont, if not it will be a direct 43% jump which will make piermont price look even more unreasonable.
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Old 23-07-2019, 03:23 PM   #930
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The next few launches sites aren't good as well to be honest.. tampines ave 10, imagine priced at 1k plus PSF, santorini, alps, qbay etc are just slightly older and selling at the same price.

I'm unsure about Canberra cause I do not hang around there but the location seems good, this is probably the only one that can beat sumang if you ask me.

The anchorvale EC is literally so near rivercove, with the number of ECs around, it doesn't seem attractive at all, at least compared to sumang, sumang is nearer to MRT.

I would recommend people who are considering Sumang to consider private resales instead or new launches, I really don't think there is any value left to flip for this project, furthermore you have to hold 7-8 years before you can sell.

Just see the recent transaction for Watertown. To make a profit for this EC, you've to sell at the same price as what Watertown is selling. Does anyone here think they can flip this EC more than Watertown
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