Lilium firesales

[elvintay07]

All above $1.5m which is the affordability limit of majority of Sinkies.

That is why they need price to crash mah. The warchest they accumulated in the last 5-10 years struggling to even buy Duxton.
Example
4 Bedroom + Study Penthouse
#05-14
1969 sqft
was $3,806,300
now $3,368,000
$438,300 discount!
$3,806,300 x 0.4 = $1522,000. Barely enough even if crash 60%. Those who want must vote Leong Mun Wai as MP first then PM. Got chance since he say land cost should not be included in HDB. When HDB crash, private will crash also. I both hands and legs up support

 

[Handsome_guy]

Not really firesales, just discount. It has been ongoing since months ago, they do a weekly random x 5 units discount, it is still not cheaper than launch day if thats what you are wondering.

If cheaper than launch day, then those who buy higher price at launch day go whack the developer liao

 

[The_Davis]

lanpoon sure have lan people fight over it geh

Near mrt also useless

 

[stsilverbullet73]

at the so called 'firesale' price i think this project can be considered not bad

 

[roflolmao]

at the so called 'firesale' price i think this project can be considered not bad

Not sure if I would buy these vs new launch and other resale condos

 

[sellipad2]

at the so called 'firesale' price i think this project can be considered not bad

L&G last week got 10 units all at $1.7-1.8k PSF, i think its a good price for NEW FH non boutique. Best thing is you get to undercut all the earlier owners who bought at $22xx and easier to exit at profit.

 

[stsilverbullet73]

L&G last week got 10 units all at $1.7-1.8k PSF, i think its a good price for NEW FH non boutique. Best thing is you get to undercut all the earlier owners who bought at $22xx and easier to exit at profit.

i think 16 for some on even lower flrs.

i also told my wife.. 2.2psf ones sure bang balls

 

[stsilverbullet73]

Not sure if I would buy these vs new launch and other resale condos

just curious what u think is bad abt L, G?

 

[䏣炆玧示老太]

Near mrt also useless

Lilium near MRT? how many mins walking distance?

 

[mikki23]

thought i saw huttons announcing lilium fully sold today

 

[roflolmao]

just curious what u think is bad abt L, G?

It's not that it's bad, but others are better to me.

 

[sellipad2]

i think 16 for some on even lower flrs.

i also told my wife.. 2.2psf ones sure bang balls

Thats why dont buy any new projects when its nearing ABSD and <50% sold, there are huge risks to buyers. But gxgx to buyers at $1.6-1.7K, high chance can exit with profit.

 

[sellipad2]

i think 16 for some on even lower flrs.

i also told my wife.. 2.2psf ones sure bang balls

Yes i was scanning and just 1 month before some still entered at $22xx, end of day your decision, your risk.

 

[The_Davis]

Gardenia near or not?

Lilium near MRT? how many mins walking distance?

 

[regis6]

thought i saw huttons announcing lilium fully sold today

I am not surprised. The sales is for them to meet absd deadline which is around late April.

The bigger unit got a psf of 17xx psf. It beat hands down any new launch in 2022 and in move in condition somemore. No need to rent outside.

 

[sellipad2]

I am not surprised. The sales is for them to meet absd deadline which is around late April.

The bigger unit got a psf of 17xx psf. It beat hands down any new launch in 2022 and in move in condition somemore. No need to rent outside.

And some may assume it's leftover which one no one wants, but for all we know it may be a high quantum unit with the best attributes that was discounted to $17xx

Pity the early buyers, 500 psf loss is like $500k difference for 3 bedders. Overnight entire block valuation GG.

 

[sotong007]

Can anyone find out those bulk sales are real sales or just moving inventory from Company A to sub company B to avoid developer ABSD? Can slowly sell next time after paying ABSD on the remaining units at market price. SHY wont lose money

 

[sellipad2]

Valuation of condo already impacted, real sales or not doesn't matter anymore. Developer didn't lose money, they just earned less

 

[regis6]

Can anyone find out those bulk sales are real sales or just moving inventory from Company A to sub company B to avoid developer ABSD? Can slowly sell next time after paying ABSD on the remaining units at market price. SHY wont lose money

Loopholes patch liao. Of course, if left few units, can ownself buy and pay the absd for them. This is better than absd for whole project.

"While the developer can sell the units to their own subsidiaries, there is a 35 per cent ABSD on companies buying properties – so even this may not be a cheaper solution than a discount to buyers."

https://stackedhomes.com/editorial/...ear-their-absd-deadline-in-2022-23/#gs.vkfqfa

 

[Hisashiburi]

As I have predicted, lilium and gazania have an unannounced firesales yesterday. I believe it is likely due to the absd deadline.

The following are the discounted units from lilium. Don't bother query, my agent told me that more than half were sold within a day. They should have already gone by the time you read this.

4 Bedroom + Study Penthouse
#05-14
1969 sqft
was $3,806,300
now $3,368,000
$438,300 discount!

#05-02
1915 sqft
was $3,732,300
now $3,278,000
$453,300 discount!

#05-03
1969 sqft
was $3,839,300
now $3,368,000
$471,300 discount!

4 Bedroom
#04-02
1291 sqft
was $2,701,300
now $2,408,000
$293,000 discount!

#02-14
1356 sqft
was $2,781,300
now $2,488,000
$293,300 discount!

3 Premium
#04-06
1227 sqft
was $2,629,800
now $2,278,000
$351,800 discount!

#02-11
1227 sqft
was $2,576,000
now $2,228,000
$348,000 discount!

#03-11
1227 sqft
was $2,587,800
now $2,238,000
$349,800 discount!

All low floors, noone wants