Developer ABSD - Here we go again?

[NiShiZhu]

Some developers care about reputation. You don’t want buyers on your future projects to “wait-and-see” if they know you’re unreliable

Others like Oxley will just slash prices so that they can repay their bonds

Funny thing is 5 bedder is usually the last to clear since it’s the highest quantum.
CEL could stay put with the original pricing instead of increasing it recently when the project is nearing TOP soon. Keeping its original price won’t piss off the earlier buyers mah.

 

[Polar Bear King]

But if earlier units alrdy sold, and if they are not happy, nth that the developer can do?

How does earlier buyers' mood affect developer in increasing pricing of existimg unsold units?

Im trying to put myself in developer's shoes, why do i need to please existing buyers if they alrdy paid?

IF lar
say I buy parkcol 5BR for $3M
then later CEL lower other 5BR higher floor than mine to $2.5M
then would affect resale price after TOP right? lowering it to $2.8M sort of

so in the future all the fryers know don't jump in too early liao sure get burnt one,then all avoid CEL lor..........

so what they do is increase 1-2% every half year so the listed transacted price always go up up and up. once TOP resale all launch at $3.2M at least hold up the market so to say. then fryers know buy CEL sure win in the future so next round jump in early buy cheapest first. it's all about track record and winning streak in football terms

 

[Polar Bear King]

I'm trying to put myself in developer's shoes, why do i need to please existing buyers if they alrdy paid?

please them do everyone wins together lor
I build shun-poon flats,fast fast sold out hotcakes
you buy shun-flats
you resell for good profits
2nd hand buyers still enjoy excellent flats
my fame grows
next project I price it right sell out quick quick also
I'll get branded as fast-scoring winning team like MAnCity

 

[Polar Bear King]

And for that Matter, different developer different approach.
The alps choose to cut price to clear its remaining units instead.
Hmm....I must go and dig out more details on this.

you imagine for a housewife like aunty polar
buy 1st flat no ABSD as citizen right?
buy 2nd/3rd/4th/5th.......Ntht flat how much ABSD? 12/15/15/15.....right?

https://www.iras.gov.sg/IRASHome/Ot...roperty/Additional-Buyer-s-Stamp-Duty--ABSD-/
3. Property held on Trust
If A purchases a residential property to be held on trust for the beneficial owner (B), the property will be included as a count for B.

then can borrow my 3 cubs heads to use also

 

[yoongf]

Property held on trust ... the bank loan is a very interesting issue to resolve.

 

[Passerboy]

IF lar
say I buy parkcol 5BR for $3M
then later CEL lower other 5BR higher floor than mine to $2.5M
then would affect resale price after TOP right? lowering it to $2.8M sort of

so in the future all the fryers know don't jump in too early liao sure get burnt one,then all avoid CEL lor..........

so what they do is increase 1-2% every half year so the listed transacted price always go up up and up. once TOP resale all launch at $3.2M at least hold up the market so to say. then fryers know buy CEL sure win in the future so next round jump in early buy cheapest first. it's all about track record and winning streak in football terms

This thing about developer decreasing price than future buyers would shün projects of that developer is no longer true in current days, IMO.

Give u an eg. Qingjian decrease price of Jadescape aft launch; do u think ppl would shun Forret? Oxley decrease price of Affinity aft launch, but I still see other Oxley projects doing well.

I think the launch price point must be good in order for ppl to enter.

 

[NiShiZhu]

This one better or seaside residence 4 bedder better? Given both same price.
One is FH penthouse at novena and the other at D15, brand new.

 

[daheigou999]

This one better or seaside residence 4 bedder better? Given both same price.
One is FH penthouse at novena and the other at D15, brand new.

I would buy neither, but if I had to choose I’d pick the PH in Novena based on “next buyer analysis”.

Hard to find someone to pay $3.5m+ for a Bedok South unit when the shine is gone...

 

[NiShiZhu]

I would buy neither, but if I had to choose I’d pick the PH in Novena based on “next buyer analysis”.

Hard to find someone to pay $3.5m+ for a Bedok South unit when the shine is gone...

Seaside is at Siglap link, ECP and not Bedok south.
Suddenly decided to put up this video because it gives me a wake up call when I’m considering seaside residence 4 bedder that time. Really dunno what I was thinking at that point. Lol

 

[darknite84]

Had an agent fren who’s quite season told me this loophole not closed yet. They seems to have a way to go around with unsold units to avoid the ABSD. Not sure how true.

Its closed.

 

[Passerboy]

I would buy neither, but if I had to choose I’d pick the PH in Novena based on “next buyer analysis”.

Hard to find someone to pay $3.5m+ for a Bedok South unit when the shine is gone...

I would go for Seaside Residences. Seaside is facing ECP the four bedroom if facing ECP should be v good view and there’s upcoming Siglap TEL. The Ansley is already 16yo and it’s 700m to Novena MRT.

 

[NiShiZhu]

I would go for Seaside Residences. Seaside is facing ECP the four bedroom if facing ECP should be v good view and there’s upcoming Siglap TEL. The Ansley is already 16yo and it’s 700m to Novena MRT.

Price tag above 3mil really need to consider carefully.
Coz your targetted audience pool will get smaller.

Ya, emotionally still like seaside but logically the penthouse at Novena seems to be a better buy.

So in the end, decided to split my cake into two, buy a cheaper 4 bedder at a reasonably good location with mrt at doorstep and a RCR 2 bedder. At least feel safer la.

 

[1993newbie]

Wah Ansley all private lift le: even for the studio unit. Despite being freehold, quite a number of units change hands 4/5 times.

I would go for Seaside Residences. Seaside is facing ECP the four bedroom if facing ECP should be v good view and there’s upcoming Siglap TEL. The Ansley is already 16yo and it’s 700m to Novena MRT.

 

[pantss]

Where can I find a list of condos approaching top/in the 2 year absd extension and perhaps the transaction prices app?

Thanks in advance

 

[revenant]

Where can I find a list of condos approaching top/in the 2 year absd extension and perhaps the transaction prices app?

Thanks in advance

Interested to know as well. Thanks.

 

[lucario1806]

Wah can see all the past transactions for the unit. What app is this?

Wah Ansley all private lift le: even for the studio unit. Despite being freehold, quite a number of units change hands 4/5 times.

 

[1993newbie]

It’s 99.co. Free app. Sign up with FB acc

Wah can see all the past transactions for the unit. What app is this?