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Which new launch would you buy and why

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View Poll Results: Which new launch to buy?
Penrose 18 39.13%
Forrett 10 21.74%
Clavon 18 39.13%
Voters: 46. You may not vote on this poll

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Old 01-08-2020, 12:40 AM   #1
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Which new launch would you buy and why

Letís take a poll on the upcoming new launches you would buy and why between Penrose, Forrett and Clavon. My estimate of the expected psf to serve as a guide below:

Penrose (16xxpsf)
Forrett (18xxpsf)
Calvon (16xxpsf)
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Old 01-08-2020, 07:20 AM   #2
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Clavon

Many many new HDB in Clementi waiting to MOP in next 5-10 years and will sell for good price

Condo stock around the mrt area is limited
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Old 01-08-2020, 07:31 AM   #3
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If all not good can just wait again
No rush to buy
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Old 01-08-2020, 07:40 AM   #4
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If all not good can just wait again
No rush to buy
only when the mortgage payment deferment scheme runs out do you discover who's been swimming naked.
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Old 01-08-2020, 08:03 AM   #5
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Arrow

only when the mortgage payment deferment scheme runs out do you discover who's been swimming naked.
Not only that ... Do you know that mortgage deferment does NOT stop your interest charging ... deferment means you will pay more later ...
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Old 01-08-2020, 09:08 AM   #6
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Not only that ... Do you know that mortgage deferment does NOT stop your interest charging ... deferment means you will pay more later ...
Well, The cost is around 1% or less for the installment. It is negligible. It benefit those people whose property reaching 3yrs soon.
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Old 01-08-2020, 09:11 AM   #7
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For discussion purpose:
1) I feel it’s hard to see many Swimming naked after 9 rounds of slew CMs. Most owners should have considerably good holding power. Plus interest rate now at all time Low.

2) even if there’s pple Swimming naked and unit kenna foreclosure, would bank auction these units at 30-50% cheaper than current market price? Any bros here come across such cases?

3) If those who r facing financial difficulty to service their mortgage due to retrenchment, what’s the chances they would panic sell and lower their selling price significantly and in the end incur more debts for themselves? (I.e they pay for a property at 1mil, loan 750k, would they sell it to u at 800k?) Assuming they use full cpf for down payment at 20% which is 200k, 5% cash at 50k.)
in this case, wouldn’t the owners incur more debts (in the form of cash) by selling u at 200k losses?

4) I know many people around me apply for defer mortgage not because they can’t service their loan, it’s because they want to accumulate more cash during covid. Anyway, interest rate so Low now, what’s the worry for the accumulated interest for defer payment?

Oh ya, I voted for clavon if quantum is significantly lower than the other 2.
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Old 01-08-2020, 09:16 AM   #8
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Arrow These are unreal prices ... You will never get this price back after 3 years

Penrose (16xxpsf)
Forrett (18xxpsf)
Calvon (16xxpsf)

These are unreal prices ... You will never get this price back after 3 years ... Price will drop after lock-in period ....


Clear signs :

03- June-2020 To beat ABSD, 38 Jervois developer launches fire sale to clear units


05 May 2020 - The Business Times SGP -
Half of developers likely to cut prices of Singapore new launches
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Old 01-08-2020, 09:25 AM   #9
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Well, The cost is around 1% or less for the installment. It is negligible. It benefit those people whose property reaching 3yrs soon.
Thanks for the reply.

But are you sure cost is 1%? I dont think so .., you will keep paying your own accumulated interest (what ever is that % and surely thats more than 1.5% or near around so )
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Old 01-08-2020, 09:27 AM   #10
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Penrose (16xxpsf)
Forrett (18xxpsf)
Calvon (16xxpsf)

These are unreal prices ... You will never get this price back after 3 years ... Price will drop after lock-in period ....


Clear signs :

03- June-2020 To beat ABSD, 38 Jervois developer launches fire sale to clear units


05 May 2020 - The Business Times SGP -
Half of developers likely to cut prices of Singapore new launches
Is 38 jervois (a boutique development with poor layout, limited condo facilities) after discount still sell u at 2kpsf at a location not even near mrt or amenities still consider cheap? Obviously the initial launch price for 38 jervois was seriously inflated and that’s y can’t move units.

Don’t be fooled by the so called “fire-sale” and rush in like the last 16 buyers thinking it’s a steal at 2kpsf for that kinda boutique unit at that kinda location.
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Old 01-08-2020, 09:45 AM   #11
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Yes, yes,I agree with you, these are gimics to attract customers.

Is 38 jervois (a boutique development with poor layout, limited condo facilities) after discount still sell u at 2kpsf at a location not even near mrt or amenities still consider cheap? Obviously the initial launch price for 38 jervois was seriously inflated and thatís y canít move units.

Donít be fooled by the so called ďfire-saleĒ and rush in like the last 16 buyers thinking itís a steal at 2kpsf for that kinda boutique unit at that kinda location.

Yes, yes,I agree with you, these are gimics to attract customers. But with so many issues in the market and so much of disruption, I think those PSFs are non-recoverable in future at the time of resale ...


Some of the statistics below ( cant post the exact links but you can get just by googling these )

New roles for laid-off Singapore workers may not be perfect fit. PMET jobs, for example, tend to be quite specialised and need training first; other jobs may not be appealing enough, say observers :


Singapore property investment sales fall 45% in first half of 2020:


Singaporeís economic slump may have bottomed out but job losses, wage cuts likely to continue: Economists


About 3,800 companies closed down in April; expect uptick in coming months: Chee Hong Tat


SAT, JUL 18, 2020 : Where are the jobs?


JUL 15, 2020 : Singapore enters recession with record 12.6% GDP fall in Q2


JUL 14, 2020 : CNA : Singapore in technical recession after GDP shrinks 41.2% in Q2 from preceding quarter due to COVID-19
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Old 01-08-2020, 09:51 AM   #12
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Penrose (16xxpsf)
Forrett (18xxpsf)
Calvon (16xxpsf)

These are unreal prices ... You will never get this price back after 3 years ... Price will drop after lock-in period ....


Clear signs :

03- June-2020 To beat ABSD, 38 Jervois developer launches fire sale to clear units


05 May 2020 - The Business Times SGP -
Half of developers likely to cut prices of Singapore new launches
"Rich" buyers will make the prices become "real".
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Old 01-08-2020, 09:56 AM   #13
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Yes, yes,I agree with you, these are gimics to attract customers. But with so many issues in the market and so much of disruption, I think those PSFs are non-recoverable in future at the time of resale ...


Some of the statistics below ( cant post the exact links but you can get just by googling these )

New roles for laid-off Singapore workers may not be perfect fit. PMET jobs, for example, tend to be quite specialised and need training first; other jobs may not be appealing enough, say observers :


Singapore property investment sales fall 45% in first half of 2020:


Singapore’s economic slump may have bottomed out but job losses, wage cuts likely to continue: Economists


About 3,800 companies closed down in April; expect uptick in coming months: Chee Hong Tat


SAT, JUL 18, 2020 : Where are the jobs?


JUL 15, 2020 : Singapore enters recession with record 12.6% GDP fall in Q2


JUL 14, 2020 : CNA : Singapore in technical recession after GDP shrinks 41.2% in Q2 from preceding quarter due to COVID-19
Hehe I also don’t have the answer why 250 slots were fully taken for viewing at Forett showflat. If I’m not serious in buying, would I even bother to book an appointment with my agent, fill up forms, submit blank Cheque just to go for showflat viewings?

I also don’t have the answer y penrose is rumoured to price at 1700psf when the breakeven cost is only 12xxpsf.
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Old 01-08-2020, 09:58 AM   #14
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Hehe I also donít have the answer why 250 slots were fully taken for viewing at Forett showflat. If Iím not serious in buying, would I even bother to book an appointment with my agent, fill up forms, submit blank Cheque just to go for showflat viewings?
I also donít have the answer y penrose is rumoured to price at 1700psf when the breakeven cost is only 12xxpsf.
Went to view forett. No need to fill in blank cheque.
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Old 01-08-2020, 09:59 AM   #15
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Thanks for the reply.

But are you sure cost is 1%? I dont think so .., you will keep paying your own accumulated interest (what ever is that % and surely thats more than 1.5% or near around so )
Well, if your loan tenure is shorter, it should be more than 1% of the loan installment.

Well, even if it is 2%, it is still negligible. isn't it?
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