HWZ Forums

Login Register FAQ Mark Forums Read

Treasure at Tampines

Like Tree162Likes
Reply
 
LinkBack Thread Tools
Old 16-08-2019, 07:55 AM   #1426
High Supremacy Member
 
Join Date: Apr 2003
Posts: 45,324
propnex ceo says in 893fm that the top foreign buyers in terms of volume, in descending order, are:
china
msia
india
indo
chopra is offline   Reply With Quote
Old 16-08-2019, 07:56 AM   #1427
Senior Member
 
Join Date: Dec 2018
Posts: 1,847
Resale too?
He didn't know July 2018 CM caused such an abnormal sale spike in both new/resale.

(QUOTE=momoeagle;122260096]
SINGAPORE, Aug 15 (Reuters) - Sales of private homes by developers in Singapore dived 31.2% in July from a year earlier, government data showed on Thursday.
Seriously, don't you just love statistics and numbers and how it is always played around for agendas?)

We are comparing Resale.. not new launch

Last edited by Merg91; 16-08-2019 at 08:01 AM..
Merg91 is offline   Reply With Quote
Old 16-08-2019, 08:03 AM   #1428
Senior Member
 
Join Date: Dec 2018
Posts: 1,847
Very small % in comparison with the local.
Apparently the figure has risen.

propnex ceo says in 893fm that the top foreign buyers in terms of volume, in descending order, are:
china
msia
india
indo
Merg91 is offline   Reply With Quote
Old 16-08-2019, 08:05 AM   #1429
Senior Member
 
Join Date: Jun 2018
Posts: 833
Yes both new & resale sees a decline in volume as compared to July 2018 where CM was introduced.

Resale too?
He didn't know July 2018 CM caused such an abnormal sale spike in both new/resale.

(QUOTE=momoeagle;122260096]
SINGAPORE, Aug 15 (Reuters) - Sales of private homes by developers in Singapore dived 31.2% in July from a year earlier, government data showed on Thursday.
Seriously, don't you just love statistics and numbers and how it is always played around for agendas?)
1993newbie is offline   Reply With Quote
Old 16-08-2019, 08:14 AM   #1430
Member
 
Join Date: Jul 2019
Posts: 464
Yes both new & resale sees a decline in volume as compared to July 2018 where CM was introduced.
July 2018 figures are not a good comparison to July 2019 cos during the night pre cooling measures, a lot of units were sold.
Passerboy is offline   Reply With Quote
Old 16-08-2019, 08:23 AM   #1431
Senior Member
 
Join Date: Jun 2018
Posts: 833
Yes not a good benchmark as developers sold tons of units within a night.

However for the resale market, can’t expect hundreds of sellers do open house, sign OTP on the night of CM. Can’t expect Buyers go house hunting for resale on that night too mah.

Yes there might be some cases but July 2018 sees over 1100 resold in the resale market whereas July 2019 sees slightly less than 900 units resold, it’s a decline still.

Whenever CM are introduced , it distorts the market. I remember clearly on that night I just started my night shift when the news comes out, I cry the whole night! Hahhahaha

July 2018 figures are not a good comparison to July 2019 cos during the night pre cooling measures, a lot of units were sold.

Last edited by 1993newbie; 16-08-2019 at 08:36 AM..
1993newbie is offline   Reply With Quote
Old 16-08-2019, 08:46 AM   #1432
Senior Member
 
Join Date: Dec 2018
Posts: 1,847
Many resale could be almost deal.
But CM announcement that night simply pushed the buyers to rush in to sign on the options before midnight.
This is similar to new sale too.
>1000 buyers had been eyeing for months but CM simply triggered the deals.

No?

Last edited by Merg91; 16-08-2019 at 09:12 AM..
Merg91 is offline   Reply With Quote
Old 16-08-2019, 09:02 AM   #1433
Senior Member
 
Join Date: Jun 2018
Posts: 833
Bro, I’m on board the same boat as you. I bought my resale shoebox 4 months after the CM.

Every few days I would check SRX, edgeprop and UOB valuation. So far it’s positive since my purchase.

Bro, u can try Urbanzoom too. Can get free report too.

Nevertheless all these are just valuation, happy to see paper gain only. Unless materialised If it’s sold.

actually until today, i dunno if i made a right decision.

i sold my telok kurau in july 2018 and bought my current Kovan resale at September 2018.

a lot of pple told me the moment i sold my place.

"dun go and rush in for a replacement home.
go rent for 2 years and slowly find. CM effect takes time and market will drop."

nonetheless, i already knew where i wanted to stay and already shortlisted a few before i even sold my place. so the moment i sold my place, i was on full turbo to close any shortlisted houses in my list.

Fast foward today,

i think i am right is because,

1)
until now, market prices has not crashed.
infact my current house price has all increased in SRX value, UOB Valuation by a fair bit

BUT not Edgeprop Fair value. It has dropped actually. (which kind of worries me)

2) I have to also take into account of the rental. if i still have not purchase any replacement home by now, i will actually have rented a year and counting.


i think i am wrong is because,

1) sometimes i wonder if i could have gotten a better unit since i rushed in.
but in anycase, my wife and i are pleased with how our house renovated to be and we are very comfortable with Kovan, so i guess there is always a better house out there and there is no end to comparison. so be contended with what we have. this is how i console myself. haha.

my own personal journey in relation to NiShiZhu remarks on potential buyers waiting game.

.

Last edited by 1993newbie; 16-08-2019 at 09:06 AM..
1993newbie is offline   Reply With Quote
Old 16-08-2019, 09:31 AM   #1434
Senior Member
 
Join Date: Dec 2018
Posts: 1,847
This forum can't talk up /talk down the Singapore property market.
Merg91 is offline   Reply With Quote
Old 16-08-2019, 09:47 AM   #1435
Senior Member
 
Join Date: Dec 2018
Posts: 1,847
Stating the facts.
Let some know the outside world is different from here.

Did I 'talk up' here & >1400 buyers panic buying in July ?
Did I 'talk up' and 2018 CM - 20% didn't materialise?
Lol.
Merg91 is offline   Reply With Quote
Old 20-08-2019, 12:33 PM   #1436
Member
 
Join Date: Mar 2019
Posts: 160
Based on 2013 CMs, the tug of war between buyers and sellers/Developers seems to last longer than this round. The waiting game in buying is getting shorter for this round ever since our latest CM has just crossed its one year anniversary.
Is it because buyers are sick of waiting? Instead of hoping for a major price correction, they probably reckon that chances are slim? Or is it too many buyers Kenna smoked by the hype like some has mentioned? Was keen to hear from different views
When they interviewed excited buyers of recent launches, the typical answers are ‘ this is the unit we are eyeing, so we did not wait’ and’. Prices do not seem like coming down.’

Therefore, I tend to think that immediate needs and hype that the market will not fall ( whether increase or not is immaterial) are the key reasons for buyers to take the plunge.

Those who do not need an immediate roof over their heads and looking for investment grade purchase are still shopping or waiting for the weak economy to have some effect on property market.

I believe there are two camps as the sales are encouraging (like 10 to 20% sold during launch weekend) but not very fantastic (unlike yesteryears where every new launch was sold out almost immediately and buyers need to ballot for a chance to buy).

Comparing with 2016, after CMs, I remembered that centrally located development like GEM sold 40 to 50% of total over one to two weekends and yet they sounded very humble like they expected this as the market was recovering. These days, if they can move 20% of total over one weekend they blow huge trumpets and advertise that they sold 80% of launch (ignoring total units) and claim success.

Last edited by ThinkCarefully; 20-08-2019 at 08:23 PM..
ThinkCarefully is offline   Reply With Quote
Old 20-08-2019, 04:42 PM   #1437
High Supremacy Member
 
Join Date: Apr 2003
Posts: 45,324
When they interviewed excited buyers of recent launches, the typical answers are ‘ this is the unit we are eyeing, so we did not wait’ and’. Prices do not see like coming down.’

Therefore, I tend to think that immediate needs and hype that the market will not fall ( whether increase or not is immaterial) are the key reasons for buyers to take the plunge.

Those who do not need an immediate roof over their heads and looking for investment grade purchase are still shopping or waiting for the weak economy to have some effect on property market.

I believe there are two camps as the sales are encouraging (like 10 to 20% sold during launch weekend) but not very fantastic (unlike yesteryears where every new launch was sold out almost immediately and buyers need to ballot for a chance to buy).

Comparing with 2016, after CMs, I remembered that centrally located development like GEM sold 40 to 50% of total over one to two weekends and yet they sounded very humble like they expected this as the market was recovering. These days, if they can move 20% of total over one weekend they blow huge trumpets and advertise that they sold 80% of launch (ignoring total units) and claim success.
agree. haha.

digress a little.
quite sian that 2nd hand owners are refusing to nego down asking.
chopra is offline   Reply With Quote
Old 20-08-2019, 05:04 PM   #1438
Senior Member
 
Join Date: Dec 2018
Posts: 1,847
Some say the recession is coming.
Wait for 2 or 20 years as 'predicted'.

quite sian that 2nd hand owners are refusing to nego down asking.
Merg91 is offline   Reply With Quote
Old 20-08-2019, 05:09 PM   #1439
Master Member
 
Join Date: Sep 2016
Posts: 2,760
I was rather taken aback by this month’s transaction volume because treasure and Florence are never in my radar that they would cross the 100 transaction mark in one month. My Guess is buyers are now quantum sensitive especially with projects in the price range of 13xx to 14xxpsf, seems to be quite well received by many. Would such buying sentiments continues and remain sustainable in months to come especially if interest rate is lower?

I made a huge decision in early 2017 to hunt for two properties after selling my landed. Same dilemma like you, not sure if it’s a wrong decision. But I rather not look back or lament too Long since I had already done my research for quite some time.
Of coz if I compare the purchase price in early 2017 vs now, it seems that there’s quite a decent paper gain. But do also note that resale market remain stagnant and monetary profit gain is only materialised after you sold off your property.
Perhaps the only saving grace is I don’t need to spend on rental as I have a current place of my own to stay.

There’s no right or wrong answer in your case as I believe u solely buy for self stay.
Was surprise to hear from u moving from Telok kurau to kovan.
I always thought D15 should be quite conducive to Stay?

Best of luck.
actually bro, the main reason for resale is SPACE.

only older projects can give me the space i need.

i stayed in a mickey mouse 2 bedder at telok kurau. trust me, it is suffocating.

with kids around, its better to let them have space to run/play around in the house.

Space is the main reason for me to change to a bigger house.

new house of my size and want freehold/999, i cannot afford.

even in changi like parc komo confirm cannot afford.

PARC KOMO UPPER CHANGI ROAD NORTH Apartment 17 OCR Freehold New Sale 1 2,001,000 - 1,421 Strata 01 to 05 1,408 Aug-19


and i am pretty sure 1421squarefeet in parc komo, in my opinion will have smaller living space (in terms of bedroom size, living room size, kitchen size, toilet size) than my current resale house.

thats why only resale old house is affordable and acceptable to me lor.
captain huat is offline   Reply With Quote
Old 21-08-2019, 06:45 AM   #1440
High Supremacy Member
 
Join Date: Apr 2003
Posts: 45,324
not to mention telok kurau is inconvenient without car.
chopra is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On