Kopar condo @ kampong Java

[sinequa88]

means 10 dropped out?
or 10 fake counts?

think some pulled out. newspaper reported 77 units right.. so maybe 7 dropped out after tasting the wine....

 

[hovivi]

How come so fast caveat is recorded
I thought need 2-3 weeks to exercise option?

 

[Polar Bear King]

How come so fast caveat is recorded
I thought need 2-3 weeks to exercise option?

what is a caveat?
i think i saw my OTP recorded online already........but i haven't got time to sign the SPA leh,so keep reissuing OTP for now

 

[daheigou999]

what is a caveat?
i think i saw my OTP recorded online already........but i haven't got time to sign the SPA leh,so keep reissuing OTP for now

Noob Q - Reissuing OTP means you haven’t paid the 15%? Also how do you generally ask developer to do that ah?

 

[NiShiZhu]

Noob Q - Reissuing OTP means you haven’t paid the 15%? Also how do you generally ask developer to do that ah?

Reissuing means u pay the 5% booking fee but have not exercise the sales and purchase (S&P)
So by keep voiding it, it’s call reissue.
This is to buy time for your funds to come in, in the event u just sold your house and intend to buy new one.

 

[Polar Bear King]

Reissuing means u pay the 5% booking fee but have not exercise the sales and purchase (S&P)
So by keep voiding it, it’s call reissue.
This is to buy time for your funds to come in, in the event u just sold your house and intend to buy new one.

that's why i think once i paid the 5% booking fee to issue the OTP it would already show up on the official URA record. that's what i believe lar........last time bought cityview didn't know all these

 

[daheigou999]

Reissuing means u pay the 5% booking fee but have not exercise the sales and purchase (S&P)
So by keep voiding it, it’s call reissue.
This is to buy time for your funds to come in, in the event u just sold your house and intend to buy new one.

In terms of cashflow, does it mean that you only need to pay 5% upfront and keep delaying the 15% by “reissuing and waiting for funds to come in”? What is the catch here?

Thanks for guiding your young one here

 

[NiShiZhu]

In terms of cashflow, does it mean that you only need to pay 5% upfront and keep delaying the 15% by “reissuing and waiting for funds to come in”? What is the catch here?

Thanks for guiding your young one here

There’s no catch except for every reissuing, they may charge u $200-300 admin fee.
Some developer absorb the admin fee and no need pay anything.

For project that sells well, normally developer won’t bother to let u reissue, for example, PPR and park colonial don’t give a damn to waste time reissuing for some buyers because they know their sales is good from the start. In the later stage when park colonial sales gradually become stablized and slowed down, they start to offer to reissue for buyers, especially those bigger units.

For affinity and garden, they don’t mind reissue for u until one year. Coz their sales was poor in the beginning.

For projects that left only the big units like 5 bedders unsold, the developer usually don’t mind reissue for u since they have fully sold the rest and only want to clear the bigger units. Grandeur park is one example.

 

[Forever84]

In terms of cashflow, does it mean that you only need to pay 5% upfront and keep delaying the 15% by “reissuing and waiting for funds to come in”? What is the catch here?

Thanks for guiding your young one here

If you fail to exercise at the end the developer will forfeit 1.5% of purchase price from your deposit.

If the developer offer this, I would take it because it's free rolling, I can park my remaining cash to earn interest, hahaha, but usually now I think u need to prove why u can't exercise，i.e waiting for house to sell like what some ppl mentioned, because URA actually keeping eye on this I believe

 

[NiShiZhu]

If you fail to exercise at the end the developer will forfeit 1.5% of purchase price from your deposit.

If the developer offer this, I would take it because it's free rolling, I can park my remaining cash to earn interest, hahaha, but usually now I think u need to prove why u can't exercise，i.e waiting for house to sell like what some ppl mentioned, because URA actually keeping eye on this I believe

Some developer would set a limit to the number of times u can reissue.
They also don’t want to leave their units in limbo, should they find buyers who can exercise Option immediately.

 

[daheigou999]

There’s no catch except for every reissuing, they may charge u $200-300 admin fee.
Some developer absorb the admin fee and no need pay anything.

For project that sells well, normally developer won’t bother to let u reissue, for example, PPR and park colonial don’t give a damn to waste time reissuing for some buyers because they know their sales is good from the start. In the later stage when park colonial sales gradually become stablized and slowed down, they start to offer to reissue for buyers, especially those bigger units.

For affinity and garden, they don’t mind reissue for u until one year. Coz their sales was poor in the beginning.

For projects that left only the big units like 5 bedders unsold, the developer usually don’t mind reissue for u since they have fully sold the rest and only want to clear the bigger units. Grandeur park is one example.

Ah I see, thanks for sharing

 

[NiShiZhu]

Ah I see, thanks for sharing

Most welcome.

 

[motivator1234]

Hi guys,
Whats your view on 3 bedder in kopar for investment purpose? cheapest available ones are as below:
915 Sq feet is for 1.98 mill
958 sq feet is for 2.038 mill
1055 sq feet is for 2.24 mill

My question is it seems kopar is great for investment for smaller units, but how about 3 bedder for investment? Enough rental demand for 3 bedders as well?

Thanks a ton!

 

[SethNg]

There's isn't a lot of supply for 3 bedroom rental around Newton area, Amaryllis Ville's(full fledged condo, completion in 2004) commanding ~4.8k rental

 

[motivator1234]

Thanks for your reply. And also is there a market for renting and reselling of 3 bedder classic(without maidsroom and toilet) in this area? the quantum difference between 3 BR classic and Delux is quite big 240k.

 

[bolster]

Thanks for your reply. And also is there a market for renting and reselling of 3 bedder classic(without maidsroom and toilet) in this area? the quantum difference between 3 BR classic and Delux is quite big 240k.

A lot of 3BR units projects for rent lah in that area....

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

 

[Passerboy]

Just a thought.

Ppl who are looking at Kopar may also wish to consider Marina One Residences similar psf jus that the unit sizes are relatively bigger.

 

[motivator1234]

thank u so much for that very informative
actually my confusion is how investment viable is 3 bedroom with no maidsroom and maids toilet in CCR area? i would think that families will usually go for 3 bedroom with maidsroom as full time helpers are quite common in Singapore for family with kids.

 

[Passerboy]

https://youtu.be/hz4d87NkDN0

Seems like a sound review of Kopar at Newton, for sharing

 

[sgpropertyblog]

In terms of cashflow, does it mean that you only need to pay 5% upfront and keep delaying the 15% by “reissuing and waiting for funds to come in”? What is the catch here?

Thanks for guiding your young one here

it depends on your purpose of 'reissuing'.. if you are waiting for your funds to come in, there is actually other way to do it rather than reissue, cos its quite risky.. as if there is any sudden changes to the ruling, you will be affected .. some buyers need to reissue due to MOP etc, then bo pien.. as we don't want to 'over abuse' this loophole as sooner or later, government sure will come out with a regulation to stop all these..