[ThinkCarefully]

annetyu wrote:

70 units at The Woodleigh Residences sold to date
https://www.businesstimes.com.sg/rea...s-sold-to-date

Indeed it is the total units sold to date.

After first launch weekend, sold 4% of total.
Closed sf. Now another launch weekend, with star buys (some 10% to 20% lower) sold 10% of total.
After 20 launches can sell all? Outstanding 👏

[annetyu]

Propnex share price is falling. Sell while you can.

[microtek]

ThinkCarefully wrote:

After first launch weekend, sold 4% of total.
Closed sf. Now another launch weekend, with star buys (some 10% to 20% lower) sold 10% of total.
After 20 launches can sell all? Outstanding 👏

If they can launch today at $1,000psf, sure sell out in 2hrs.

[Broadwalk]

So what is the sales figure for Woodleigh?

[birmingham123]

microtek wrote:

If they can launch today at $1,000psf, sure sell out in 2hrs.

I think 1800psf will also sell out during this 2-3years period ?

Will developer make any profit if sell at 1800psf ?

[annetyu]

birmingham123 wrote:

I think 1800psf will also sell out during this 2-3years period ?

Will developer make any profit if sell at 1800psf ?

Some analysts previously said break even was aro 1600psf, not sure if they took into account the commercial aspect of the project.

We should stop bothering about developers profit margin. Buyers should not be bearing the consequence of their mistakes.

Hard to say $1800 will be sold out with current market sentiments and those KS / ‘euphoric’ buyers already shot their bullets.

[batdow]

annetyu wrote:

Some analysts previously said break even was aro 1600psf, not sure if they took into account the commercial aspect of the project.

We should stop bothering about developers profit margin. Buyers should not be bearing the consequence of their mistakes.

Hard to say $1800 will be sold out with current market sentiments and those KS / ‘euphoric’ buyers already shot their bullets.

developers just anyhow bid since they know buyers willing to pay based on their breakeven cost

[Broadwalk]

batdow wrote:

developers just anyhow bid since they know buyers willing to pay based on their breakeven cost

I think there are still many people buying. Many rich people in Singapore.

[annetyu]

batdow wrote:

developers just anyhow bid since they know buyers willing to pay based on their breakeven cost

Thats how agents always market their projects, referencing to breakeven cost of future projects, making buyers panic and snap up thousands of overpriced units last year.

But yes as broadwalk said, many rich singaporeans so still possible to sell. Good to be developer, provided future land bids continue to be bullish which does not seem to be the case.

[Broadwalk]

annetyu wrote:

Thats how agents always market their projects, referencing to breakeven cost of future projects, making buyers panic and snap up thousands of overpriced units last year.

But yes as broadwalk said, many rich singaporeans so still possible to sell. Good to be developer, provided future land bids continue to be bullish which does not seem to be the case.

I am looking for landed. I searched in guru website the price all very stiff and refuse to budge.

[ThinkCarefully]

annetyu wrote:

Thats how agents always market their projects, referencing to breakeven cost of future projects, making buyers panic and snap up thousands of overpriced units last year.

But yes as broadwalk said, many rich singaporeans so still possible to sell. Good to be developer, provided future land bids continue to be bullish which does not seem to be the case.

Looks like it. The site near SUO was bid lower than SUO.

[microtek]

When people get used to the 12% ABSD they'd come and buy again. Same like the 7% ABSD, a few years later people were gladly paying the 7% ABSD like it was nothing.

[ThinkCarefully]

microtek wrote:

When people get used to the 12% ABSD they'd come and buy again. Same like the 7% ABSD, a few years later people were gladly paying the 7% ABSD like it was nothing.

If the investment proposition of paying the absd makes sense, by all means proceed to buy for investment. However, for those who are able to find better investment tools, with better returns, then they will turn down this proposition.

Like someone said here, there is no ‘one size fits all’.

Just sorry only for those who do not know what they are doing or are just very rich and don’t mind losing money. If that’s the case, it is better to do charity and benefit the society.

[Clazav]

Ppl in sg are obsessive in properties. We can say they are silly, but this silliness can become a mainstream trend.

ThinkCarefully wrote:

If the investment proposition of paying the absd makes sense, by all means proceed to buy for investment. However, for those who are able to find better investment tools, with better returns, then they will turn down this proposition.

Like someone said here, there is no ‘one size fits all’.

Just sorry only for those who do not know what they are doing or are just very rich and don’t mind losing money. If that’s the case, it is better to do charity and benefit the society.

[NiShiZhu]

ThinkCarefully wrote:

If the investment proposition of paying the absd makes sense, by all means proceed to buy for investment. However, for those who are able to find better investment tools, with better returns, then they will turn down this proposition.

Like someone said here, there is no ‘one size fits all’.

Just sorry only for those who do not know what they are doing or are just very rich and don’t mind losing money. If that’s the case, it is better to do charity and benefit the society.

Bro, U sure they dunno what they are doing? Perhaps they see something that we can’t see? Who gives us the wisdom to determine who is smart and who is silly?

Don’t need feel sorry for anyone, we are all adults, we make our judgement call and responsible for it.

https://www.todayonline.com/world/hong-kong-investors-take-advantage-correction-singapores-property-prices

Hmm, was wondering where’s the correction? I was confused by the article headlines. Did the hongkie sees something we don’t see?