New EC at Sumang Walk

[annetyu]

If the Piermont Grand pricing goes above $1,100 PSF, then only those who are cash or bonus-rich will be able to afford the big units.

Or those with support from parents. Or staying with parents.

 

[birmingham123]

Developers really have the power to play with the market.

Normal sinkies don't have any choice but to bite.

Now that you know. That is why property prices hard to come down lah

 

[annetyu]

Now that you know. That is why property prices hard to come down lah

Developers can push it up and so can they bring it down... (certain recent land bids have been subdued)

It is very easy for prices to come down... Weak economic growth and massive layoffs or hike in interest rates can easily lead to many defaulting on their loans.

Our dear US president Mr Trump who is pressuring the fed to hold rates low may well be gone next year.

Further into the future, we are likely to see much slower economic and population growth. Gone are the times when you can expect to flip properties within a short holding period.

As others have also pointed out, rental yields are also becoming very miserable with the new launch pricings. Property, while remaining sort of a safe haven asset, has become a very poor investment option.

 

[endlssorrow]

Buyers remember to consider the living room size
ESP the distance btw tv and sofa

 

[Deathstrike]

how much is the monthly maintenance fee?

 

[endlssorrow]

how much is the monthly maintenance fee?

Depends on no. Of rooms u get !

U Super first timer?

 

[windwaver]

Developers really have the power to play with the market.

Normal sinkies don't have any choice but to bite.

It's more like $$ is coming from family support like parents. Some parents are rich so not a problem (with retirement) but the issue comes when parents support their kids by buying a property using their retirement funds.

The result is rising prices even when the economy is 'bad'. This may also lead to more family problems when staying together (e.g. divorce rates, birth rates, etc); staying near and staying together is very different.

Developers cannot force people to buy, just like casinos cannot force people to gamble. It's the vanity of people that is the core problem most of the time.

 

[annetyu]

Depends on no. Of rooms u get !

U Super first timer?

Hahaha.. Super first timer won’t even know there is maintenance fee.

 

[annetyu]

Buyers remember to consider the living room size
ESP the distance btw tv and sofa

I don’t think many care about that anymore.

All scared prices will continue soaring, just chiong to buy.

 

[annetyu]

It's more like $$ is coming from family support like parents. Some parents are rich so not a problem (with retirement) but the issue comes when parents support their kids by buying a property using their retirement funds.

The result is rising prices even when the economy is 'bad'. This may also lead to more family problems when staying together (e.g. divorce rates, birth rates, etc); staying near and staying together is very different.

Developers cannot force people to buy, just like casinos cannot force people to gamble. It's the vanity of people that is the core problem most of the time.

Well said.

 

[endlssorrow]

Make sense if get resales PC from SK riverbank, rivertree or H2O???

 

[sgpropertyblog]

how much is the monthly maintenance fee?

Monthly maintence is about $264 for 3bdrms n $308 for 4/5 bdrms

 

[sgpropertyblog]

Make sense if get resales PC from SK riverbank, rivertree or H2O???

Depends on ur needs and purpose of buying..

 

[sgpropertyblog]

There is a Consumer Seminar on this EC on 8th July ( monday) at Safra Punggol.. will be discussing on topics such as can EC be an investment assest for you?why many people choose EC vs Private condo?when is the good time to buy property ... and many more... anyone who is keen to attend can PM me for the Entry Pass.. its complimentary..

 

[annetyu]

Depends on ur needs and purpose of buying..

For the same price, regardless of needs and purpose, is the sumang EC still a better buy at $1,180psf?

 

[annetyu]

There is a Consumer Seminar on this EC on 8th July ( monday) at Safra Punggol.. will be discussing on topics such as can EC be an investment assest for you?why many people choose EC vs Private condo?when is the good time to buy property ... and many more... anyone who is keen to attend can PM me for the Entry Pass.. its complimentary..

Seminar or brainwashing session?

I can already expect what you agents will say...
1. Cheapest private new launch is $1300psf, sumang is priced very attractively and has HUGE potential for appreciation!
2. Previous EC such as wanderlust are resold for 20% or even 30% profit! Hurry and do your e-app NOW!

 

[LeSaux]

Ex agent spotted

Seminar or brainwashing session?

I can already expect what you agents will say...
1. Cheapest private new launch is $1300psf, sumang is priced very attractively and has HUGE potential for appreciation!
2. Previous EC such as wanderlust are resold for 20% or even 30% profit! Hurry and do your e-app NOW!

 

[annetyu]

Ex agent spotted

Hahaha. I am experienced enough to know what tactics they have up their sleeves. If I were 40 years younger, probably i may get fooled by these statements. After all, they are "facts", aren't they?

 

[birmingham123]

For the same price, regardless of needs and purpose, is the sumang EC still a better buy at $1,180psf?

If got choice, EC definitely better than condo lah. Save money mah

 

[birmingham123]

Developers can push it up and so can they bring it down... (certain recent land bids have been subdued)

It is very easy for prices to come down... Weak economic growth and massive layoffs or hike in interest rates can easily lead to many defaulting on their loans.

Our dear US president Mr Trump who is pressuring the fed to hold rates low may well be gone next year.

Further into the future, we are likely to see much slower economic and population growth. Gone are the times when you can expect to flip properties within a short holding period.

As others have also pointed out, rental yields are also becoming very miserable with the new launch pricings. Property, while remaining sort of a safe haven asset, has become a very poor investment option.

Given the land bid price for the next 2 EC in sembawang, the selling psf will sure be above 1000psf or even again above 1100psf. This will be the trend for EC future bids already.

All it need is for this punggol EC to sell out within 2years and people will know this pricing is here to stay.. I was shocked last time that yck road EC can sold out in less than a day. I thought SK treasure crest EC will be the better buy at 7xxpsf and it still take months to sell out..