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Old 27-05-2019, 08:30 AM   #1081
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Jovell has dropped price on star-buy units...

First the one-bedders, now the three-bedder...

While Komo did not drop price, but their FH units r cheaper than the recent new 99 years launches. Sold 80 out of their 266 on the first weekend...

I applaud these developers for their win-win approach.
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Old 27-05-2019, 08:49 AM   #1082
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Not so easy drop price one la, you wait long long. You don't forget developer borrow from banks, even they wanna drop price, bank will ask them f off
I am not expert.. but does this not mean that the developer is more pressured to move units in order to repay the bank? Unless sim lian has a lot of cash on hand...

Why would the bank care whether the developer makes $$ or not?
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Old 27-05-2019, 08:52 AM   #1083
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Not so easy drop price one la, you wait long long. You don't forget developer borrow from banks, even they wanna drop price, bank will ask them f off
wait till 5 years later those unsold units will be fine gao gao
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Old 27-05-2019, 09:06 AM   #1084
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wait till 5 years later those unsold units will be fine gao gao
If I am not wrong, 5 years start from date of acquisition. 1+ year down, the clock remains ticking...
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Old 27-05-2019, 09:32 AM   #1085
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If I am not wrong, 5 years start from date of acquisition. 1+ year down, the clock remains ticking...
not sure of the legal mechanics. but it seems like it's typical for developers with unsold units to offload bulk to another company nearer to 5yrs to prevent fine.
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Old 27-05-2019, 09:42 AM   #1086
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not sure of the legal mechanics. but it seems like it's typical for developers with unsold units to offload bulk to another company nearer to 5yrs to prevent fine.
I don't think this is very common practice though it happens time to time for upmarket projects.

Almost zero chance of this happening to large scale mass market project like treasure.
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Old 27-05-2019, 12:17 PM   #1087
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not sure of the legal mechanics. but it seems like it's typical for developers with unsold units to offload bulk to another company nearer to 5yrs to prevent fine.
This loophole has been closed. Not permissible anymore
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Old 27-05-2019, 02:29 PM   #1088
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This loophole has been closed. Not permissible anymore
i get that sensing for unsold units in amber skye. alot of penthouses. each is 7mill.

can u remind me whats e penalty again if developer sells at 6th year? 5% or 30%?

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Old 27-05-2019, 06:10 PM   #1089
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When sentosa units couldn't move you think developer fire sale? Lol.

No they just absorb the whole project and rent out instead. Some of these rules were set to stop enbloc sales and rules can change one
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Old 27-05-2019, 09:05 PM   #1090
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not sure of the legal mechanics. but it seems like it's typical for developers with unsold units to offload bulk to another company nearer to 5yrs to prevent fine.
It happened once with The Nassim when banker Wee Cho Yaw bought 45 unsold units there.

https://www.straitstimes.com/busines...-at-the-nassim

The government immediately closed the loophole.
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Old 27-05-2019, 09:08 PM   #1091
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i get that sensing for unsold units in amber skye. alot of penthouses. each is 7mill.

can u remind me whats e penalty again if developer sells at 6th year? 5% or 30%?
Not sure what % they have to pay as penalties.

This ST article has some numbers for condos that paid the fines in 2016.

https://www.straitstimes.com/busines...ts-set-to-soar
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Old 29-05-2019, 08:25 PM   #1092
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Trawling through the many pages of non treasures related posts....


Bottom line how many ppl here actually bought this? Can share your reasons for it? My agent pushing this aggressively
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Old 29-05-2019, 08:37 PM   #1093
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I really donít see the appeal of staying in a high density condo. The very reason why one stays in a condo is for the more exclusive feel. Treasures feel like a mega HUDC all over again, albeit a new one now. I went to treasures and frankly wasnít Super impressed
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Old 29-05-2019, 09:33 PM   #1094
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Trawling through the many pages of non treasures related posts....


Bottom line how many ppl here actually bought this? Can share your reasons for it? My agent pushing this aggressively
It is the "cheapest" new launch available now, thats probably the main reason why people are buying. As many have pointed out, the project is not that much more premium over a DBSS flat.

Nearly 2,000 units unsold, you have plenty of time to decide and many units to choose from. Don't get swayed by agent, he just wants your commission. 1 year later when price drop, don't expect him to pick up your call.
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Old 29-05-2019, 11:24 PM   #1095
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Ok I’m quite a noob at this. First time looking for 2nd property to invest. For my own stay property I always go for ‘feel’ I get at the showflat or location itself so don’t study so much in terms of density, statistics etc.

If I’m looking for potential price appreciation, not so much rental income, would it make more sense to buy a new pty Eg treasures given its low psf and entry price vs a resale in the same area?

Agent claims that new launches developer will always give discounts cos its soft launch and they wanna make the numbers look good so they can raise the prices in future ‘official’ launches. Is this true? Makes sense but I’m not exactly convinced other than the fact he wants the comm now.

It is the "cheapest" new launch available now, thats probably the main reason why people are buying. As many have pointed out, the project is not that much more premium over a DBSS flat.

Nearly 2,000 units unsold, you have plenty of time to decide and many units to choose from. Don't get swayed by agent, he just wants your commission. 1 year later when price drop, don't expect him to pick up your call.
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