[Broadwalk]

Many people buying. I was at show flat yesterday. many families engaged with agents and I can see both buyers and agents satisfied face.

[Clazav]

Agents got to always give a satisfied face no matter what. Who wanna buy property from a grumpy persons.

Broadwalk wrote:

Many people buying. I was at show flat yesterday. many families engaged with agents and I can see both buyers and agents satisfied face.

[ThinkCarefully]

Broadwalk wrote:

Many people buying. I was at show flat yesterday. many families engaged with agents and I can see both buyers and agents satisfied face.

Which show Flat?

Good to know that during school holidays, families take time out to visit show flat- ‘singapore favourite pastime’

Also, good to have satisfied people around, maybe when recession comes, they would be even more satisfied to have closed multiple deals before the recession.

Anyway, the ones holding the potatoes (dunno hot or golden) are the buyers and good luck on their purchases.

[Broadwalk]

ThinkCarefully wrote:

Which show Flat?

Good to know that during school holidays, families take time out to visit show flat- ‘singapore favourite pastime’

Also, good to have satisfied people around, maybe when recession comes, they would be even more satisfied to have closed multiple deals before the recession.

Anyway, the ones holding the potatoes (dunno hot or golden) are the buyers and good luck on their purchases.

Was at the Changi prison show flat and amaze with the crowd. property is so attractive.

[annetyu]

NiShiZhu wrote:

Sentosa property is the playground mainly for foreign investors, and recent CM imposed a tax of 20% on these foreign buyers.
As a normal singaporean family, would u want to live in Sentosa and send your kids to schools or travel to work by driving in and out of the Sentosa gantry to Singapore mainland every morning?
How would you and your parents find a decent/affordable hawker or coffee shops around Sentosa cove for their daily meals? Are there any nearby healthcare services if one needs urgent medical attention w/o the need to drive in and out?
Who would be your prospective Sentosa buyers in the near future?
One needs to think through and consider carefully the above points.

This has nothing to do with how much psf would be a safer bet. It’s a misconception to mix mainland property with Sentosa property. I can easily quote you more examples of Sentosa property making a loss of more than 40% and some of these properties are bought during the last decade where many other Singapore mainland properties are already seeing huge capital appreciation over the past few years.
Likewise in the property downward cycle, even in Singapore mainland, If u buy the wrong property at a cheaper psf, u will still lose money. In today’s context, there’s no sure win in property investment anymore.

While Sentosa property is suffering a 50% loss, Singapore mainland property are still transacting at skyhigh psf/quantum. It is important to be discerning in whatever we read and make sense out of it.

Penthouse at 3 Orchard By-The-Park fetches $31.5 mil http://www.newsloop.co/u/21ku51

Not only sentosa units are making losses. There are many developments on mainland that are consistently making losses too including orchard area. Marina bay suites is one example. I am pretty sure buyers who are paying sky-high for those new launch orchard penthouses will have a good chance to sell for loss in the future.

That said, I have said before that the luxury property market is very different from mass-market condos like Treasure etc.

UNDER THE HAMMER: Unit at Marina Bay Suites for sale at $5.8 mil
https://www.edgeprop.sg/property-new...es-sale-58-mil

[Kenji_Yamato]

Ask your agent will the developer go belly? If under paramount mortgagee, uncomplete condo with no security, see he/she answer your question? Think twice b4 you make decision

[NiShiZhu]

annetyu wrote:

Not only sentosa units are making losses. There are many developments on mainland that are consistently making losses too including orchard area. Marina bay suites is one example. I am pretty sure buyers who are paying sky-high for those new launch orchard penthouses will have a good chance to sell for loss in the future.

That said, I have said before that the luxury property market is very different from mass-market condos like Treasure etc.

UNDER THE HAMMER: Unit at Marina Bay Suites for sale at $5.8 mil
https://www.edgeprop.sg/property-new...es-sale-58-mil

Yes, especially for the luxury sector during the down cycle. It’s either make or break. Ask ourselves, even at a discount/loss of 1.3mil selling at 5.8 mil, how many ordinary folks like us are able to pick up a quantum like this?
Betw 2017-2018, when mainland property see an increase in 9.1% in price, Sentosa property only rose by 0.8%.
Before the latest CM, below are some examples of profit gains in mainland luxury sector.

https://www.edgeprop.sg/property-new...dollar-profits

https://www.sqfeed.com/2017/08/14/th...enth-transact/

https://www.edgeprop.sg/property-new...-23-mil-profit
All in all, everything is about timing. Some people win, some people lose. Where got any investment that guarantee sure win?

Interesting thing to note is after the latest CM, the ultra rich are still buying. Ain’t they not learned their lesson yet?
But who knows they may be right?
https://sbr.com.sg/residential-prope...-buying-luxury

While many predicted and are wary of the coming 2020 recession, trade war etc, this reminds me of those who bought caspian and 8@woodleigh during the 2008/2009 financial crisis period. These buyers are probably seeing double profit gain by now? But then again, who dares to buy property during recession time/financial crisis period?

Since we are in Tampines treasure (mass market condo thread), let’s focus on the topic (or at least topic on mass market condos) and not steered to Sentosa property or luxury sector. They are totally two different things altogether. Else this thread will become rojak.

[NiShiZhu]

Broadwalk wrote:

Was at the Changi prison show flat and amaze with the crowd. property is so attractive.

You say you don’t like sims drive, Aljunied, Paya lebar, But u are ok with a condo directly next to the prison that worth your time visiting the SF?

[ThinkCarefully]

Quote
The Lilium at Serangoon sold only 5 per cent of its new units.

This shows that some new launches are immediate failure or F9 grade in terms of sales results.


https://www.todayonline.com/singapor...-buyers-market

[SBC]

Nobody showing Cheque at Sky Everton today?

[Broadwalk]

NiShiZhu wrote:

You say you don’t like sims drive, Aljunied, Paya lebar, But u are ok with a condo directly next to the prison that worth your time visiting the SF?

Why not? Free aircon and free mineral water and can get free brochure.

[Broadwalk]

SBC wrote:

Nobody showing Cheque at Sky Everton today?

Sky everton is open? Showflat open until what time? Maybe later will cycle down there see.

[SBC]

Broadwalk wrote:

Sky everton is open? Showflat open until what time? Maybe later will cycle down there see.

What time can you reach from Teban?

I ask them to wait for your Cheque.

[Broadwalk]

SBC wrote:

What time can you reach from Teban?

I ask them to wait for your Cheque.

I no cheque no money. btw what is the price if you know?

[Zetrio2006]

Broadwalk wrote:

Sky everton is open? Showflat open until what time? Maybe later will cycle down there see.

Sky Everton

More than 35% of Total units sold on first day!