Bounced unit. Worth it?

[Passerboy]

Hehe it reminds me of 38 jervois. Though the leftover not bounce out units.
cfm those buy earlier jialat Liao.

Those late buyers got it at market price. Early buyers overpaid IMO.

 

[NiShiZhu]

Those late buyers got it at market price. Early buyers overpaid IMO.

Yap, the huge discounted units to me is just market price. Not cheap vegetable price

 

[ThinkCarefully]

did u make actual profit from these bounced units?

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Yes, profit.

those were the days that new launches were 100% sold on launch days and you can buy as many units as you like with no absd, and what else...

Still liking those good old days...

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[ThinkCarefully]

The interesting thing about bounced out units is after developers marked up the price and managed to find takers, many existing owners believes they had made a paper gain.

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I am still trying to ascertain my hypothesis that buyers are willing to pay about 200 psf lower when they buy from resale owner as compared to Developers.

This is called the ‘reseller -200 psf gap’

Case in point... if a developer has units still available upon TOP, buyers are willing to pay 1900 psf, for example. However if the TOP unit belongs to a private owner, buyers are only willing to pay up to 1700 psf...

Seen a few examples to that effect already...

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[NiShiZhu]

It’s call “rather let developer earn my $200psf than benefitting the reseller” syndrome

 

[ThinkCarefully]

It’s call “rather let developer earn my $200psf than benefitting the reseller” syndrome

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That is why resale pricing of a unit (at a later date) is a better reflection of a resale unit value than what developers are able to sell units at during launch.

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[wetdreamx]

17xxpsf for a 2nd floor, with one of the bedroom hardly can fit queen size bed. jia ba buay?

Exactly, many options elsewhere lah.

 

[bolster]

Another bounced unit! Tiakong this unit a lot of people eyeing it. Need to ballot some more. Really hyped the atmosphere. Previously bought $1.139m in may!

http://www.ytreporp.com/pricelist.php

 

[Passerboy]

Another bounced unit! Tiakong this unit a lot of people eyeing it. Need to ballot some more. Really hyped the atmosphere. Previously bought $1.139m in may!

http://www.ytreporp.com/pricelist.php

wow I thought sales at One Bernam was lacklustre, still got price increase for bounced unit and 1.162m (2570psf) for a middle floor unit? So much optimissim?

 

[bolster]

Omg. the unit price can buy freehold orchard 1br apartment!

 

[arctician]

Omg. the unit price can buy freehold orchard 1br apartment!

correct, this price can get either espada or illuminaire at CCR D9 FH atas somerset already

sub-sale is very opportunistic, i wont let them earn my money unless its value deal

 

[page||]

Omg. the unit price can buy freehold orchard 1br apartment!

Although it’s orchard FH, if for own stay sometimes I imagine where to buy my food? Groceries... if I suppose I don’t drive.. if take public transport carry 3 bags full back.. in hot weather.. ayeee..
I think I choose a ocr/ rcr closer to markets / supermarkets better ..

 

[page||]

###

I am still trying to ascertain my hypothesis that buyers are willing to pay about 200 psf lower when they buy from resale owner as compared to Developers.

This is called the ‘reseller -200 psf gap’

Case in point... if a developer has units still available upon TOP, buyers are willing to pay 1900 psf, for example. However if the TOP unit belongs to a private owner, buyers are only willing to pay up to 1700 psf...

Seen a few examples to that effect already...

###

To me.. if I like the unit, price acceptable. I will purchase .. don’t matter dev direct or vendor

 

[page||]

no idea too usually if OTP issued and buyer never proceed to execute on S&P agreemnt developer will relaunch, or maybe developer extend the otp for this buyer, or intentionally keep stock due to upmarket. Anyway parc clementis is not good if one is getting a 3 or 4 bedder..i rather go kismis, forett or daintree where the 1 BR is supporting price of 3 bedder and not other way round

When mentioned price support. Does it mean 1 BR (eg) psf avg 1.8k ; 2BR avg 1.7k ; 3BR avg 1.6k is better ?..

Have condo sell inversely to the above ??.. 1BR 1.6k; 3BR 1.8k ??!!!...

 

[ThinkCarefully]

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Again, there is a big difference between own stay (yolo attitude) and that of investor (must exit with profit).

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[1993newbie]

When mentioned price support. Does it mean 1 BR (eg) psf avg 1.8k ; 2BR avg 1.7k ; 3BR avg 1.6k is better ?..

Have condo sell inversely to the above ??.. 1BR 1.6k; 3BR 1.8k ??!!!...

I can think of Parc Clem..

 

[1993newbie]

Although it’s orchard FH, if for own stay sometimes I imagine where to buy my food? Groceries... if I suppose I don’t drive.. if take public transport carry 3 bags full back.. in hot weather.. ayeee..
I think I choose a ocr/ rcr closer to markets / supermarkets better ..

Espada opp NTUC killiney…
Makan area just along Killiney stretch..

This year espada 1 bedder resale > $898-965k
Rental (300-400sqft) > $2200-2850

 

[arctician]

When mentioned price support. Does it mean 1 BR (eg) psf avg 1.8k ; 2BR avg 1.7k ; 3BR avg 1.6k is better ?..

Have condo sell inversely to the above ??.. 1BR 1.6k; 3BR 1.8k ??!!!...

yes of course you need the 1 bedder to support price of development because the quantum is more affordable and they can help drive up the PSF, imagine if you buy a 1 bedder at $1600+, which buyer will want to pay you $1700-1800 psf for 2 or 3 bedder because typically for all projects, the larger the size / quantum the lower the PSF.

Parc clementis is the only project i know that has such a pricing strategy and its not by choice, if you go to the showroom and speak to the agents, you will know why they have to do it. I walked away from the showroom the moment developer agent shared on the 1 bedder transactions.

Although it’s orchard FH, if for own stay sometimes I imagine where to buy my food? Groceries... if I suppose I don’t drive.. if take public transport carry 3 bags full back.. in hot weather.. ayeee..
I think I choose a ocr/ rcr closer to markets / supermarkets better ..

Espada opp NTUC killiney…
Makan area just along Killiney stretch..

This year espada 1 bedder resale > $898-965k
Rental (300-400sqft) > $2200-2850

yes you are right, espada prices have started recovering, i rem last week there was a 300+ SF unit sold at $26xx PSF and not top floor units, personally i find espada too small for stay or investment, but fact is there are indeed resale units with <$1M quantum in D9 FH, and some are around $2k psf.
Espada is near to 2 NTUC, one finest and one at killiney. Cheap food can be found at killiney and 10 min walk down to martin road is robertson quay. Of course it also depends if you are buying for stay or investment.

i think one of the old condo near SPC kiliney is trying to enbloc now, i saw a agent put up a marketing banner to buyers for bids with potential to build up to 30+ floors

 

[page||]

yes of course you need the 1 bedder to support price of development because the quantum is more affordable and they can help drive up the PSF, imagine if you buy a 1 bedder at $1600+, which buyer will want to pay you $1700-1800 psf for 2 or 3 bedder because typically for all projects, the larger the size / quantum the lower the PSF.

Parc clementis is the only project i know that has such a pricing strategy and its not by choice, if you go to the showroom and speak to the agents, you will know why they have to do it. I walked away from the showroom the moment developer agent shared on the 1 bedder transactions.



yes you are right, espada prices have started recovering, i rem last week there was a 300+ SF unit sold at $26xx PSF and not top floor units, personally i find espada too small for stay or investment, but fact is there are indeed resale units with <$1M quantum in D9 FH, and some are around $2k psf.
Espada is near to 2 NTUC, one finest and one at killiney. Cheap food can be found at killiney and 10 min walk down to martin road is robertson quay. Of course it also depends if you are buying for stay or investment.

i think one of the old condo near SPC kiliney is trying to enbloc now, i saw a agent put up a marketing banner to buyers for bids with potential to build up to 30+ floors

Sorry bro. Can PM the reasons why ah?... I won’t go to showflat at all if I have no interest in the area..

I have not seen such type of pricing .. not normal for sure....

 

[page||]

Espada opp NTUC killiney…
Makan area just along Killiney stretch..

This year espada 1 bedder resale > $898-965k
Rental (300-400sqft) > $2200-2850

355 sq ft...... hk man... it’s been a while since I visited HK for holiday...