If these EC buyers can afford to buy at 1100 psf, they should look at the resale market where they can find better deals than this Sumang Walk EC.
Cannot. Because must buy new house stay new house. So many new launches, why must buy resale?
If these EC buyers can afford to buy at 1100 psf, they should look at the resale market where they can find better deals than this Sumang Walk EC.
yeah, it is understandable that the developer rather burn a ton of cash for more marketing efforts and maintenance of show room than collect more cash earlier.
A page in the newspaper?
A sale = easily >$1. 5 million
Lower the price = angry early birds + other issues
Most developers rather not and many still eventually clear.
Most developers are rich if not there would be so many fire sales 5 years ago. CCR $1k if so.
The showroom is temporary.
The agents are not their staff. No sale =no coins given by developer I assume?
If these EC buyers can afford to buy at 1100 psf, they should look at the resale market where they can find better deals than this Sumang Walk EC.
Everyone seems to pay a premium to buy new launch now. New launch sales are doing very well base on what I see.
Jus curious, then who will buy the resale in time to come? And it seems resale will only be able to gain profit if overall there’s a spike in market prices or that project is relatively cheaper than others in its surrounding location.
Not sure if it’s also cos these new launch have newer facilities and more amenities.
Caveat for piermont out...
But you see, buy EC sure earn.
And if you pay high when it is new launch, you will be able to sell higher regardless of what the surrounding condos are selling.
It must be true. Property sure climb higher. $1.5k psf for punggol coming soon! Sure can sell and people sure snap up after 5 years. I mean, must make profit after accounting for interests right? And also must earn at least 2x of what you could earn from a hdb bto right (that means at least $400k), else what's the point of risking so much up front cash right?
where did you get this information from?
HDB quantum lower. Buy 350k can sell 550k to earn 200k. Cannot 200k minimally also 100k.I don’t think you can earn 400k from flipping EC (not for Piermont) actually not even for the better new launch PC, 400k for flipping BTO are also outliers maybe those purchased at premium locations and with view etc. A closer bet is 200k for value buys, sure profit projects are perhaps those PC priced closer to EC price, maybe riverfront, treasures?
HDB quantum lower. Buy 350k can sell 550k to earn 200k. Cannot 200k minimally also 100k.
EC buy 1.2m to 1.5m cannot even earn 400k by selling at ~$1.5k psf? Quite sad on a yield perspective leh. This not even talking about the higher interest. Why people still want to talk like PG is so worth as a project leh?
Of course if it is for a different kind of lifestyle I understand lah. Especially if don't need to slave for the property on weekdays and only fight for the facilities usage on weekends with everyone else.
Personally this is one reason I didn't buy. Cuz I too incapable to have sufficient cash to afford comfortably.
Not all HDB buy 350k can sell 550k, I think it depends on location and other factors. Even 100k I would think it must have those good pull factors. There are no shortage in supply of BTOs and newer BTOs are getting better too.
There are HDB buy 350k 10 years later is still 350k or lower. I think it’s the same for P.C., it must have the host of pull factors.
But for those HDB w a host of pull factors, their gain is usually more than 200k cos of the grants thrown in. I think same for P.C., if u get a good buy.
True. I used Fernvale as an example. I believed Punggol HDB also about the same. 100k from bto is very achievable. My sis Punggol 4 rm HDB went from 270k bto to selling at 400+k just a while ago.
There's a research somewhere that hdb resale prices peak somewhere between 10th to 15th year.
Based on this, you are still identifying that location is the main pull factor and I agree. But base on yield perspective, first timers seems better off to go for bto than for ec at current prices for the same or similar location. If the location has a lot of pull factors, HDB purchase will give them a good first pot of gold with a lower quantum and much lesser stress.
My info on the resale prices was based on confirmed transactions.Yes agreed on the last part.
Just that the point is, if they buy a HDB at a more premier location like Kallang/Whampoa/Boonkeng the profit margin and probability of profit is much higher than less popular area. Thus, the higher amount of subscription to such areas.
There are a lot of new BTO in Punggol, SK, thus I would think that the resale price would somewhat be more subdued.
HDB quantum lower. Buy 350k can sell 550k to earn 200k. Cannot 200k minimally also 100k.
EC buy 1.2m to 1.5m cannot even earn 400k by selling at ~$1.5k psf? Quite sad on a yield perspective leh. This not even talking about the higher interest. Why people still want to talk like PG is so worth as a project leh?
Of course if it is for a different kind of lifestyle I understand lah. Especially if don't need to slave for the property on weekdays and only fight for the facilities usage on weekends with everyone else.
Personally this is one reason I didn't buy. Cuz I too incapable to have sufficient cash to afford comfortably.
If eligible for HDB bto, then no brainer lah. Those income between 12k to 14k how? Their next better choice is EC. If today bto ceiling also 14k, then good luck to Samsung ec project.
If earn below 12k and prefer EC could be cannot get queue number for bto for good location. 1 thing strange is fernvale area bto always not oversubscribed one, so pretty easy to get queue number lah. Not sure y not popular even though bto price is cheap and sure can profit 100k to 200k easily. But usually bto and EC are for long term stay so buyers wanted better location bah