J’den Residences. Former Jcube

[ktyandkyc]

Totally agree. Missing out on the schools and close to city, but I think It wins on every other aspect. We will see if government can manage the crowds.

If anything, it's one of the most crowded transit places in sg after raffles place and city hall. Arguably, it's even more crowded overall because it's crowded even over the weekend. With jden and the transformation in the area, going to get even more crowded. Not sure I want to live in such a crowded place but 2.1k is a steal. Let's see what's the average psf.

Average is 24xx so 2.1k shld be far and few between and noisy

 

[marshmallow96]

Totally agree. Missing out on the schools and close to city, but I think It wins on every other aspect. We will see if government can manage the crowds.

If anything, it's one of the most crowded transit places in sg after raffles place and city hall. Arguably, it's even more crowded overall because it's crowded even over the weekend. With jden and the transformation in the area, going to get even more crowded. Not sure I want to live in such a crowded place but 2.1k is a steal. Let's see what's the average psf.

Indeed… No good schools but the location is so convenient that you probably can just settle every need in Jurong and no need to go out to town

but yes it’s super crowded.. my friend thought Tampines Mall and NEX was crowded but she got a shock when she came to JE… when my kid was younger, most weekends I escaped out of zoolong cos everywhere was crowded and long queues

 

[ktyandkyc]

Indeed… No good schools but the location is so convenient that you probably can just settle every need in Jurong and no need to go out to town

but yes it’s super crowded.. my friend thought Tampines Mall and NEX was crowded but she got a shock when she came to JE… when my kid was younger, most weekends I escaped out of zoolong cos everywhere was crowded and long queues

marshmellow sis, got regret never whack this instead? Haha

 

[gonewiththesmart]

These 60% Singaporean and PR who bought, just wondering whether they are true blue SG or converted SG. All the bears crying in disbelief lei.

Sg C and PR make up 99 % of buyer, 62 % address is west.
60 percent buyer age 40 n below.


Quote
房的1485平方英尺不等。

超过99%的买家是新加坡公民和永久居民，当中大约60%的买家年龄为40岁或以下。多数买家住在新加坡西部，占62%。

裕廊东聚鼎开盘售近九成单位 创今年私宅周末销售纪录
https://www.zaobao.com.sg/finance/singapore/story20231112-1449624

 

[roflolmao]

Sg C and PR make up 99 % of buyer, 62 % address is west.
60 percent buyer age 40 n below.


Quote
房的1485平方英尺不等。

超过99%的买家是新加坡公民和永久居民，当中大约60%的买家年龄为40岁或以下。多数买家住在新加坡西部，占62%。

裕廊东聚鼎开盘售近九成单位 创今年私宅周末销售纪录
https://www.zaobao.com.sg/finance/singapore/story20231112-1449624

Sinkies really got a lot of firepower

 

[gonewiththesmart]

Sinkies really got a lot of firepower

180 billion ordinary account

 

[elvintay07]

Sg C and PR make up 99 % of buyer, 62 % address is west.
60 percent buyer age 40 n below.


Quote
房的1485平方英尺不等。

超过99%的买家是新加坡公民和永久居民，当中大约60%的买家年龄为40岁或以下。多数买家住在新加坡西部，占62%。

裕廊东聚鼎开盘售近九成单位 创今年私宅周末销售纪录
https://www.zaobao.com.sg/finance/singapore/story20231112-1449624

Wow! Seems like SG and PR lots of firepower unlike what the bears said lei. Where are the bears now? Including Morgan Stanley. Haha! Please come

 

[elvintay07]

Indeed… No good schools but the location is so convenient that you probably can just settle every need in Jurong and no need to go out to town

but yes it’s super crowded.. my friend thought Tampines Mall and NEX was crowded but she got a shock when she came to JE… when my kid was younger, most weekends I escaped out of zoolong cos everywhere was crowded and long queues

I think many ppl misunderstood the market. They thought interest high = game over. These buyers are buying into the market 3-4 years later.
Scenario 1: if interest goes down, they will finance cheap and then self stay or rent out
Scenario 2: if interest goes up, they will rent out higher to tenant.
Either way they win.

Everyone might argue “cannot be lei, it is supply and demand driven. They don’t think there is demand”. Make very logical sense because China market is bad, US in high debt, Israel fighting war. But the world in a mess means opportunities for SG.

Now, if Singapore is preparing 100,000 digital. Cybersecurity job and future Jurong Lake District hiring 100,000 more, where got no supply? These 200,000 ppl cannot be local right? We were got talent? I think the talents will come from China. And when these ppl come, they come alone of bring their whole village?

One of my friend who is a top investor once taught me “if market keeps going in the opposite direction of what you think, then you should think why this is so. You can think what you think and if market doesn’t agree with you, you are screwed”. Seems like this make sense

The only and biggest worry to me is will the war erupt into World War III? If it does, then likely game over. So I will be buying more gold in case our banking data is gone then all of us reset to $0 in bank account

 

[roflolmao]

I think many ppl misunderstood the market. They thought interest high = game over. These buyers are buying into the market 3-4 years later.
Scenario 1: if interest goes down, they will finance cheap and then self stay or rent out
Scenario 2: if interest goes up, they will rent out higher to tenant.
Either way they win.

Everyone might argue “cannot be lei, it is supply and demand driven. They don’t think there is demand”. Make very logical sense because China market is bad, US in high debt, Israel fighting war. But the world in a mess means opportunities for SG.

Now, if Singapore is preparing 100,000 digital. Cybersecurity job and future Jurong Lake District hiring 100,000 more, where got no supply? These 200,000 ppl cannot be local right? We were got talent? I think the talents will come from China. And when these ppl come, they come alone of bring their whole village?

One of my friend who is a top investor once taught me “if market keeps going in the opposite direction of what you think, then you should think why this is so. You can think what you think and if market doesn’t agree with you, you are screwed”. Seems like this make sense

Are you an investor at current prices?

I find it hard to invest these days, especially on basis of rental income. Price appreciation can so huat meh? Means jden reach 2.8k psf in the next 5 years (which means ocr condo will be 2.3 or 2.4k)?

I don't even think jden can get a 4% rental yield at current prices. 2 bedroom buy at 2m, means must get 7k rental (conservative estimate) to cover everything (interest, principal, repair costs amortised, maintenance fee, agent and lawyer fee etc.).

So why buy property for sub par 4% yield when you can just invest in bonds or fixed income assets?

 

[Nanonited]

Are you an investor at current prices?

I find it hard to invest these days, especially on basis of rental income. Price appreciation can so huat meh? Means jden reach 2.8k psf in the next 5 years (which means ocr condo will be 2.3 or 2.4k)?

I don't even think jden can get a 4% rental yield at current prices. 2 bedroom buy at 2m, means must get 7k rental (conservative estimate) to cover everything (interest, principal, repair costs amortised, maintenance fee, agent and lawyer fee etc.).

So why buy property for sub par 4% yield when you can just invest in bonds or fixed income assets?

He wrote already, no matter what the interest or costs are, just rent out at the rate to cover. Only way to lose money is if insufficient demand which doesnt seem to be an issue with the govt bringing in people as he mentioned also. I also didnt dream HDB can rent out at 6-8k… but here we are.

if not they have no choice but to pay whatever you ask as everything else is expensive also, not like they can get rent cheaper since everyone raises together.

people buy property for yield? I thought they buy for capital gains? Bonds or fixed income assets unlikely to beat property capital gains. Anyway all the bears dead already… nobody dare to predict crash.. max is minor drop which doesnt matter

 

[roflolmao]

He wrote already, no matter what the interest or costs are, just rent out at the rate to cover. Only way to lose money is if insufficient demand which doesnt seem to be an issue with the govt bringing in people as he mentioned also. I also didnt dream HDB can rent out at 6-8k… but here we are.

if not they have no choice but to pay whatever you ask as everything else is expensive also, not like they can get rent cheaper since everyone raises together.

people buy property for yield? I thought they buy for capital gains? Bonds or fixed income assets unlikely to beat property capital gains. Anyway all the bears dead already… nobody dare to predict crash.. max is minor drop which doesnt matter

Capital gains means they think jurong will hit 2.8k/2.9k psf in 5 years? That means rcr hit 3k++?

Rental cannot fully cover the principal and interest anymore (much less the maintence costs and ancillary costs) whereas fixed income investments can give 4% fixed yearly.

Whatever lah, end of the day sinkies too rich.

 

[gonewiththesmart]

Can share how many cheques collected please. Heard 800 cheques not successful

 

[DevilPlate]

Wow! Seems like SG and PR lots of firepower unlike what the bears said lei. Where are the bears now? Including Morgan Stanley. Haha! Please come

Look at Hillock Green and some other cui projects lah.

So damn desperate to tok up property market for wat sia?

Chill and relax and js hold bluechip evergreen FH project for 20-30years and grow yr wealth

 

[DevilPlate]

Are you an investor at current prices?

I find it hard to invest these days, especially on basis of rental income. Price appreciation can so huat meh? Means jden reach 2.8k psf in the next 5 years (which means ocr condo will be 2.3 or 2.4k)?

I don't even think jden can get a 4% rental yield at current prices. 2 bedroom buy at 2m, means must get 7k rental (conservative estimate) to cover everything (interest, principal, repair costs amortised, maintenance fee, agent and lawyer fee etc.).

So why buy property for sub par 4% yield when you can just invest in bonds or fixed income assets?

He obviously trying vy hard to tok up the market so that he can flip every 3-4years mah.

I bought 20+ years ago and chillax…only flippers sooooo desperate to keep toking up every piece of good news and ignore the bad news lah hahahaha

 

[sellipad2]

Capital gains means they think jurong will hit 2.8k/2.9k psf in 5 years? That means rcr hit 3k++?

Rental cannot fully cover the principal and interest anymore (much less the maintence costs and ancillary costs) whereas fixed income investments can give 4% fixed yearly.

Whatever lah, end of the day sinkies too rich.

You miss out on leverage. Return on equity is much higher than bank IR if one take loan

 

[DevilPlate]

He wrote already, no matter what the interest or costs are, just rent out at the rate to cover. Only way to lose money is if insufficient demand which doesnt seem to be an issue with the govt bringing in people as he mentioned also. I also didnt dream HDB can rent out at 6-8k… but here we are.

if not they have no choice but to pay whatever you ask as everything else is expensive also, not like they can get rent cheaper since everyone raises together.

people buy property for yield? I thought they buy for capital gains? Bonds or fixed income assets unlikely to beat property capital gains. Anyway all the bears dead already… nobody dare to predict crash.. max is minor drop which doesnt matter

Yield is still important.
If prices stagnate for 10years, make sure yr nett yield is > than interest rate

 

[DevilPlate]

You miss out on leverage. Return on equity is much higher than bank IR if one take loan

Thats provided yr nett yield + annual cap gains > than rate of borrowing cost

*i always use 8 months of rental to calculate nett yield (conservative)

 

[page||]

So Jgateway launched 11years ago, with hsr plans, cbd2 masterplan & white sites all priced in.. avg psf was 1.4-1.7 k psf

fast forward today, J’den becomes 2.2 - 2.7k psf.

Future 10 years later really can reach 3 - 3.5K psf?… I’m hesitant and think it’s crazy for JE.

luckily I m still around to watch the real answer by then.

 

[DevilPlate]

So Jgateway launched 11years ago, with hsr plans, cbd2 masterplan & white sites all priced in.. avg psf was 1.4-1.7 k psf

fast forward today, J’den becomes 2.2 - 2.7k psf.

Future 10 years later really can reach 3 - 3.5K psf?… I’m hesitant and think it’s crazy for JE.

luckily I m still around to watch the real answer by then.

My guess 10 years later Jden ave psf up from 2.4k to 2.8k
1.6% annual cap gain ok lah plus let say 2.5% nett yield got ~4%

Our CPF SA wansui wan wan sui

 

[elvintay07]

My guess 10 years later Jden ave psf up from 2.4k to 2.8k
1.6% annual cap gain ok lah plus let say 2.5% nett yield got ~4%

Our CPF SA wansui wan wan sui

小弟, me think > $3000psf.