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Old 26-08-2019, 06:44 PM   #1471
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With plenty of cooling measures in place there won't be many desperate sellers la. These people who bought have the ability to hold. You got to remember TDSR is 60% max which means people have buffer and ltv at 75% means they have cash to burn. So why sell on the cheap if one can hold?
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Old 26-08-2019, 07:24 PM   #1472
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Having a 2nd property is not without its pitfalls either.

U have to pay a monthly maintenance perhaps around $300 on the average?

Property tax of about 1k per year for a property valued at 400k?

Bank interest of a third or more on your monthly payment?

Of course if your unit is able to get rental, all these are covered sufficiently.

But I have come across sellers who are willing to let go 50-100k below market rates... have to keep a lookout on your own or get a good agent to lookout for u...

just my 2 cents worth.
Through him the lame walked briskly and the songless burst into melody - Algazel 1111
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Old 27-08-2019, 02:57 AM   #1473
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Yes. No doubt sustaining high sales transaction for treasure is a challenge provided the sales volume is consistent months after months in order to digest 2203 units.
That’s why I did mentioned before, treasure has not cross the safe mark yet, was equally put off by 2200 over units.
Just curious, (u can also choose not to answer me). Any districts you particularly interested in or see potential?
I like RCR (lower quantum than CCR, although more measured appreciation) with growth areas (looking at master plan). If OCR must be careful not too ulu with no tenants.

Actually, I considered treasure too because of the quantum, but after walking around the site and looking at the sheer numbers and issues discussed here, decided it is a ‘no go’ for me. I did not regret as I found a number of better investibles but ‘eyeing’ the right timing.

So far my timings were quite spot on, not the best, but pretty decent timing
People who have followed property trend for the last 10 years will know....2011/2012, 2016....
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Last edited by ThinkCarefully; 27-08-2019 at 03:11 AM..
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Old 27-08-2019, 07:09 AM   #1474
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Property index does help in some timing.
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Old 30-08-2019, 05:51 PM   #1475
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Data updated.

59 units sold from 1-25 Aug.
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Old 01-09-2019, 09:28 PM   #1476
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Latest updates of Treasure At Tampines Units Sold in the month of August alone:
Units SOLD on 31st Aug 2019 : 11 Units
Units SOLD on last week of Aug : 33 Units
Units SOLD in the entire August : 91 Units

TOTAL Units SOLD since launch : 663 Units
All 1 + Study Bedroom are SOLD OUT (44 Units)!
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Old 16-09-2019, 12:39 PM   #1477
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Updated caveat, 93 units sold in August
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Old 16-09-2019, 04:53 PM   #1478
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Up till August end. 662 units sold in total.

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