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Property buyer's thread - Nov 2019

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Old 09-11-2019, 02:11 AM   #1
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Property buyer's thread - Nov 2019

See see if anybody is in the market currently can come and discuss what you are aiming for.

I'll start.

Budget: ~1.8m
Reason: Investment
Time frame: 5-10 years
Currently looking at: Pullman@Newton, OPB@Outram, Neu@Novena, WLR@Woodleigh, Spottiswood FH resale
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Old 09-11-2019, 09:04 AM   #2
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See see if anybody is in the market currently can come and discuss what you are aiming for.

I'll start.

Budget: ~1.8m
Reason: Investment
Time frame: 5-10 years
Currently looking at: Pullman@Newton, OPB@Outram, Neu@Novena, WLR@Woodleigh, Spottiswood FH resale
Nice thread. Iím in a similar situation and looking at the above developments as well. Iím curious whatís holding you back on some of these new developments, e.g. Neu which was quite popular?
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Old 09-11-2019, 09:30 AM   #3
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Nice thread. Iím in a similar situation and looking at the above developments as well. Iím curious whatís holding you back on some of these new developments, e.g. Neu which was quite popular?
Because 1, it is a small development. 2. Because the average resale prices there is 1800 psf thereabout.

Neu is selling at 2600-2800 psf. And for profit i need to sell at 2800-3000 psf, a hefty 1000+ psf jump against the rest of the developments in the same area. I do like the location and the FH, but not enough to pay 1000+ psf more than "market" imo.
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Old 09-11-2019, 09:40 AM   #4
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Because 1, it is a small development. 2. Because the average resale prices there is 1800 psf thereabout.

Neu is selling at 2600-2800 psf. And for profit i need to sell at 2800-3000 psf, a hefty 1000+ psf jump against the rest of the developments in the same area. I do like the location and the FH, but not enough to pay 1000+ psf more than "market" imo.
Yes! I went down to the showflat and left for the exact same reason. Also, generally not a fan of Roxy-Pacificís development as I felt their units are extremely small and ďun-liveableĒ

While there has been 60+ new launches this year, Iím struggling with most developments due to the big delta between launch psf and nearby resale psf (mostly driven by smaller unit size). While it seems OK to sacrifice unit size for a new condo initially, how would it fare after 10 years when these new launches have lost their shine?
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Old 09-11-2019, 11:03 AM   #5
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Yes! I went down to the showflat and left for the exact same reason. Also, generally not a fan of Roxy-Pacificís development as I felt their units are extremely small and ďun-liveableĒ

While there has been 60+ new launches this year, Iím struggling with most developments due to the big delta between launch psf and nearby resale psf (mostly driven by smaller unit size). While it seems OK to sacrifice unit size for a new condo initially, how would it fare after 10 years when these new launches have lost their shine?
Yes, no matter where I look, every new launch is almost overpriced when compared to it's peers.

If we are talking about new launches, only WLRs and Pullman are priced close to their peers.

For eg WLR, it carries a substantial premium to the selling prices of the rest of the older resale condos nearby, but the premium against new launches like PC and Tre Ver is not that huge.

For Pullman the prices is also priced at a lower premium up against the older resales in the same area.
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Old 09-11-2019, 01:37 PM   #6
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Yes, no matter where I look, every new launch is almost overpriced when compared to it's peers.

If we are talking about new launches, only WLRs and Pullman are priced close to their peers.

For eg WLR, it carries a substantial premium to the selling prices of the rest of the older resale condos nearby, but the premium against new launches like PC and Tre Ver is not that huge.

For Pullman the prices is also priced at a lower premium up against the older resales in the same area.
For Pullman, which peers are you looking at? 2.8k onwards seems steep against other Newton FH peers trading at 2-2.3k psf?
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Old 09-11-2019, 02:28 PM   #7
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See see if anybody is in the market currently can come and discuss what you are aiming for.

I'll start.

Budget: ~1.8m
Reason: Investment
Time frame: 5-10 years
Currently looking at: Pullman@Newton, OPB@Outram, Neu@Novena, WLR@Woodleigh, Spottiswood FH resale
For me easiest
Budget: 3-4m
Reason: self stay
Time frame: >5 years
Currently looking at boon keng/PTPS/woodleigh/Serangoon area
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Old 09-11-2019, 03:53 PM   #8
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Bought neu at launch
2BR
Like the location and FH
See it as investment
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Old 09-11-2019, 04:16 PM   #9
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For me easiest
Budget: 3-4m
Reason: self stay
Time frame: >5 years
Currently looking at boon keng/PTPS/woodleigh/Serangoon area
Yeah we all know you bought the large unit in Park Colonial to the 40th floor unit at Avenue South
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Old 09-11-2019, 04:49 PM   #10
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For me easiest
Budget: 3-4m
Reason: self stay
Time frame: >5 years
Currently looking at boon keng/PTPS/woodleigh/Serangoon area
I'm not sure u r serious or trolling coz for a moment u said u bought avenue south and now park colonial. My case is pretty clear cut, bought a 4 bedder for self stay and 2 bedder for investment. Total budget also around 3.xmil. I prefer to spread my eggs rather than dumping the whole 3.xmil into a single property.
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Old 09-11-2019, 04:56 PM   #11
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Yeah we all know you bought the large unit in Park Colonial to the 40th floor unit at Avenue South
ASW in the end aunty polar let go of it
too far away too inconvenient to live in
ParKCol better nearer to kids school and my work place
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Old 09-11-2019, 05:09 PM   #12
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For Pullman, which peers are you looking at? 2.8k onwards seems steep against other Newton FH peers trading at 2-2.3k psf?
New always have a premium. 500psf up is actually ok considering it is the development is nearest as it is directly in front of Newton mrt.
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Old 09-11-2019, 05:09 PM   #13
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For me easiest
Budget: 3-4m
Reason: self stay
Time frame: >5 years
Currently looking at boon keng/PTPS/woodleigh/Serangoon area
Shortlisted any?
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Old 09-11-2019, 05:13 PM   #14
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Shortlisted any?
looked around a few in the end bought ParkCol
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Old 09-11-2019, 05:20 PM   #15
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Currently looking at boon keng/PTPS/woodleigh/Serangoon area
You sure u committed park colonial? From your above statement, u sounded u are still looking around.
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