筍盤來了！！！Canninghill Piers

[daheigou999]

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Already there’s volunteer to run naked if no 3500 psf...

Unless you like to join him


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What’s with guys running naked on Orchard Road? Where’s the AMDL?

 

[dareaper]

got a general question for all the new launch experts here... what's the general strategy to optimize new launch exit? List once SSD is up, list at TOP with nothing done to the unit, or prepare the unit for rental with minimal renovation (e.g. lights, ziptrak) while listing to sell?

 

[Gibbfa]

for me, i think 3300 psf is reasonable, 3500 maybe if take a longer view. If enter at 2800, 3300 is decent.

that said, one-sided no fun. Unless you want to run naked if hit 3500 and above within 8 years? Hahaha

Did u enter at 2800?

 

[Gibbfa]

got a general question for all the new launch experts here... what's the general strategy to optimize new launch exit? List once SSD is up, list at TOP with nothing done to the unit, or prepare the unit for rental with minimal renovation (e.g. lights, ziptrak) while listing to sell?

TOP in 4 years. SSD 3 years. I will sell before TOP. Don’t need to touch up unit at all

 

[NiShiZhu]

got a general question for all the new launch experts here... what's the general strategy to optimize new launch exit? List once SSD is up, list at TOP with nothing done to the unit, or prepare the unit for rental with minimal renovation (e.g. lights, ziptrak) while listing to sell?

Not an expert but I would assess the following:
1) after SSD/TOP, study the market trend (to understand whether it’s bull or bear market). If in bull market, Then look at what’s the transaction trend, price and volume that took place for diff stack, floor level within the development. (Can refer to 99.co) If the previous transaction price meets or is very close to your target, I would price it 5-10% higher to set room for some bargaining. Can also take propguru listing prices for reference.
2) also look at your other neighbouring condos’ performance to ascertain if your asking is realistic. No point wasting your time and agents time if asking is ridiculous.
3) concurrently, I will also buy some simple furniture to keep my unit in minimal setting, other than electricity, I won’t do any carpentry work or Reno. If after 2 months still cannot find buyers who quote something close to what I want, I will rent it out. In the event while you finding buyer, they usually prefer the unit to be in its original state.
4) while renting, continue to assess the resales performance of your neighbours’ transaction price and volume. Strike when u see price is trending up. Don’t be greedy, don’t keep waiting thinking your unit will hit the peak as no one can time the market so accurately. Only Sell when u see that the profit has met your target.

 

[dareaper]

Not an expert but I would assess the following:
1) after SSD/TOP, study the market trend (to understand whether it’s bull or bear market). If in bull market, Then look at what’s the transaction trend, price and volume that took place for diff stack, floor level within the development. (Can refer to 99.co) If the previous transaction price meets or very close to your target, I would price it 5-10% higher to set room for some bargaining.
2) also look at your other neighbouring condos’ performance to confirm if your asking is realistic. No point wasting your time and agents time if asking is ridiculous.
3) concurrently, I will also buy some simple furniture to keep my unit in minimal setting, other than electricity, I won’t do any carpentry work or Reno. If after 2-3 months still cannot find buyers who quote something close to what I want, I will rent it out. In the event while you finding buyer, they usually prefer the unit to be in original state.
4) while renting, continue to assess the resales performance of your neighbours’ transaction price and volume.

Thanks! Sexpert is sexpert

 

[NiShiZhu]

Thanks! Sexpert is sexpert

Not Sexpert .
Sexpert won’t keep their money in milo tin

 

[ThinkCarefully]

for me, i think 3300 psf is reasonable, 3500 maybe if take a longer view. If enter at 2800, 3300 is decent.

that said, one-sided no fun. Unless you want to run naked if hit 3500 and above within 8 years? Hahaha

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I think you have missed both hypothesis questions.

No. 1
My question::
will penrose achieve 2k psf or CHP achieve 3.5 k as a subsale/ resale upon TOP...
Or both

No.2
Someone else’s hypothesis/ challenge to another brother here is that if CHP does not attain 3.5 k psf when TOP, run naked in orchard road...

The 3500 psf after 8 years I dunno where you get from? Your hypothesis question ah?

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[NiShiZhu]

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I think you have missed both hypothesis questions.

My question::
will penrose achieve 2k psf or CHP achieve 3.5 k as a subsale/ resale upon TOP...
Or both

Someone else’s hypothesis/ challenge to another brother here is that if CHP does not attain 3.5 k psf when TOP, run naked in orchard road...

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Had gone through the process of listing my properties a couple of times in resale market for past 17 years. No matter how good my condo location was or how affordable my listed price was, the buyer will mostly Low ball me in normal circumstances. Only in a seller’s market, the price being offered to me are more realistic and r closely tag along to the last transaction price. Saving grace is I have holding power and I have my own self stay unit. So time is on my side since I can wait for the right buyer. But can you also speak the same for your fellow neighbours and assume all of them have same good holding power like u as well?
in short, buyers looking to buy in resale market r not stupid in general, or rather, they r more picky and selective in normal circumstances

 

[ThinkCarefully]

I went through the process of listing my properties a couple of times in resale market for past 17 years. No matter how good my condo location was or how affordable my listed price was, the buyer will mostly Low ball me in normal circumstances. Only in a seller’s market, the price being offered to me are more realistic and r closely tag along to the last transaction price. Saving grace is I have holding power and I have my own self stay unit. So time is on my side since I can wait for the right buyer. But can your other neighbours do the same thing and not sabo u by having similar good holding power?
in short, buyers looking to buy in resale market r not stupid in general, or rather, they r more picky and selective in normal circumstances

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That’s why being brave and gung-ho is good, but until ssd over, really difficult to tell 鹿死谁手

Will this project perform like reflection or sky habitat?
Or like gardens and affinity?
Or TV and seaside?
How many new launches will be like TV and seaside?

Low balling by buyer is part and parcel of life.
buy-sell property is a win-lose relation.
The more buyer can squeeze out a cheap sale from the seller, the buyer wins and seller loses and vice versa...

It is never win-win. To win, the other party MUST lose. So find your losers or carrots in order to win big...

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[NiShiZhu]

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That’s why being brave and gung-ho is good, but until ssd over, really difficult to tell 鹿死谁手

Will this project perform like reflection or sky habitat?
Or like gardens and affinity?
Or TV and seaside?
How many new launches will be like TV and seaside?

Low balling by buyer is part and parcel of life.
buy-sell property is a win-lose relation.
The more buyer can squeeze out a cheap sale from the seller, the buyer wins and seller loses and vice versa...

It is never win-win. To win, the other party MUST lose. So find your losers or carrots in order to win big...

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in normal circumstances, Not forgetting these resale buyers will need to sell to their future buyer as well after staying a few years.
Buying too high from u also means increasing the difficulty for their future exit. Esp if the lease runs Low and your condo is no longer the latest kid on the block anymore.
i always thought this is common sense and human nature.

Right now, we r in a very unique situation of covid, something that had never happened before. Due to manpower crunch, delayed in housing, and rising material cost, all these spur up the demand and price.
The question is how long will this continue?
if this is going to continue in another decade or two, probably all those who bought recently are likely to be the winners.
But from my sensing, Govt is trying to open up borders. If covid is treated as pandemic, my gut feel is life will have to go back to normal soon.

 

[ThinkCarefully]

in normal circumstances, Not forgetting these resale buyers will need to sell to their future next buyer as well after staying a few years.
Buying too high from u also mean how they exit in future? Esp if the lease runs Low and your condo is no longer the new kids on the block anymore.
i always thought this is common sense and human nature.

Right now, we r in a very unique situation of covid, something that had never happened before. Due to manpower crunch, delayed in top, and rising material cost, all these spurs up the demand and depleting the supply.
The question is how long will this continue?
if this is going to continue in another decade or two, probably all those who bought now are likely to be the winners.
But from what I’m sensing, Govt is trying to open up borders. When covid is treated as pandemic, my gut feel is business will goes back to usual soon.

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Exactly, if one party wins, the other loses in any buy-sell situation (new launch, subsale or resale). How many losers can one find?

Sometimes one project can have few hundred losers and the only winner is the developer... how to find more losers in this case in order to exit without losing? Or how can one not fall into this loser category..

anyway, that’s for another day.

This tight situation WILL NOT last forever, or even a decade, IMHO.
Some even think prices will up and up to the moon.

My take... still the same. 2022 will be the king of exit..after that... haha

you can already see developers tempering their bid prices for gls and enbloc.. why not bid for the sky since the moon is there?

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[propertyinvestor40]

can See a few property agent defending 3k psf. Lol. Do sell with compassion.
Penrose is the best in universe. Only 1600psf. I can do two units and earn passive.
nishizhu can buy 4 units in yishun

 

[ThinkCarefully]

What’s with guys running naked on Orchard Road? Where’s the AMDL?

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You missed the fun
Scroll up post 1370
Someone challenged bro Nishi that

If can’t sell at 3.5kpsf at top He will run around naked in orchard road

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[LordEquniox]

so buyers... have you signed the SPA?

 

[ThinkCarefully]

can See a few property agent defending 3k psf. Lol. Do sell with compassion.
Penrose is the best in universe. Only 1600psf. I can do two units and earn passive.
nishizhu can buy 4 units in yishun

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This is something I shared before.
For a couple, buying 2 units at 15xx psf, hoping for 20%, 18xx psf generally Stands a higher chance than buying one unit at 30xx psf hoping for 20%, 36xx psf.

But of course, the best in the universe is a different class altogether, someone willing to put his gauntlet down and bet with his naked body running along orchard


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[LordEquniox]

Anymore units sold?

 

[NiShiZhu]

Nishzhu 24/7 naked in yishun play Aeroplane and play forum 24/7 camper one. Never go out one.

So please make up your mind, I 24/7 play aeroplane or 24/7 play forum?
honestly I really can’t multi task like u

 

[ThinkCarefully]

so buyers... have you signed the SPA?

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Maybe some hesitating to sign because someone said CHP is in RCR and not CCR, not satki ?

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[Gibbfa]

Will CHP be affected by cooling measures? The remaining 15% units . Will they lower px?