One Bernam price reduced more than 20% and sold 87 units in 3 days! Who say Property Price never come down ?will banks ask borrowers to top up?

[gonewiththesmart]

U ah…. Stir in property forum now come stir EDMW.

Many property owners and landlords here including myself. Can dont create negative sentiment?

U guys always say pap only tell you good stuff.
Now I tell you some hard truth you are not happy.. very interesting..

 

[gonewiththesmart]

then those who bought before will be ai wan or not?


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200 units sold before this CNY promotion and borrowing £££ ,must pray both MAS and banks do not ask for top up of mortgage accounts...

 

[focus1974]

the reduction is more than 20 %, i heard....
some sold units have been returned to developer.
my question, will banks ask borrowers to top up, Since the price drop more than 20 %.

no need send me lawyer letter..

i get the info from news below, % reduction is my guess
room type..........area.............reduction psf@@..... ##%
1............................715...........611----934.................30
2......................807--872.........455---950...................27
3.....................1421.................427----585.................20

@@ average area taken

## average reduction/ $2585 in

https://www.edgeprop.sg/property-ne...-weekend-promotion-only-three-penthouses-left

Over the weekend of Jan 11 to 12, One Bernam, the mixed-use development with 351 residential units in Tanjong Pagar, offered 87 units for sale at promotional prices.
The 99-year leasehold apartment tower by joint developers MCC Land and Hao Yuan Investment was first launched in May 2021. Based on caveats lodged as at Jan 10, over 75% of the units were sold at an average price of $2,585 psf.
..
..
One-bedroom units ranging from 441 sq ft to 463 sq ft saw price discounts of $323,000 to $438,000.
Meanwhile, the two-bedroom apartments of 700 sq ft to 732 sq ft had price discounts from $437,000 to $668,000. The two-bedroom plus study apartments of 807 sq ft to 872 sq ft saw price discounts ranging from $380,000 to $800,000, while three-bedroom apartments of 1,421 sq ft had discounts ranging from $616,000 to $830,000.
...


https://www.1bernam.com.sg/pricing/

below say down is unlikely

https://stackedhomes.com/editorial/...e-heres-6-factors-why-you-shouldnt/#gs.jpl1rk


https://www.propnex.com/picks-detai...ause-home-prices-are-unlikely-to-drop-in-2023

the huat kueh ... Eric was right.

that guy got an eye for property analysis. better just listen to his youtube channel.


sinkapore only 2 channels worht watchig

adam khoo - investing stocks
eric chiew - investing property

 

[focus1974]

the penthouse can command $3,800 psf! higher than the normal units!

my one ...cannot even touch $2,000psf yet

 

[yildun]

TS ownself orlou ownself maths jin kiang 包到胃了.

 

[Acetone]

Those who bought prior to discounts must be damn sian…

 

[gonewiththesmart]

why only BT dare to say the % cut direct ?

 

[testerjp]

There are always projects that can lose money but it doesn't represent the entire market.

What's the private property index showing first? That's a more accurate indicator.

 

[0218crawford]

numbers game. and yet got people can get orgasmic from it.

 

[buttbERry]

increase price liao then reduce?

 

[gonewiththesmart]

how much % cut? you calculate

upper --before $ cut
lower--after


-----------------------------------------------------------------
i get the info from news , % reduction is my guess
room type..........area.............reduction psf@@..... ##%
1............................715...........611----934.................30
2......................807--872.........455---950...................27
3.....................1421.................427----585.................20

@@ average area taken

## average reduction/ $2585 median

 

[rider83]

U guys always say pap only tell you good stuff.
Now I tell you some hard truth you are not happy.. very interesting..

Tell good stuffs then not happy meh???

Very interesting....

 

[maikumgong]

Edmw many property agents. Of course not happy. One bernam is CDL project right? Why so kancheong to sell, they are loaded ma.

sometimes wait out might be a good thing. Like cuscaden reserve

 

[gonewiththesmart]

Edmw many property agents. Of course not happy. One bernam is CDL project right? Why so kancheong to sell, they are loaded ma.

sometimes wait out might be a good thing. Like cuscaden reserve

PRC developers project.

 

[dotarian007]

wow location so good bo lang buy need lelong ah?
then next door newport residence lei?

 

[eversomighty]

going TOP soon.. unsold properties kena tax from gov. of cos need to lelong la

 

[gonewiththesmart]

why only BT dare to say the % cut direct ?

Kep point which no other media dare to print so far

Quote
BT 13 Jan 25.

REALTY and MCC Group dished out discounts ranging from 15 to 27 per cent on their prime downtown condominium project One Bernam over the weekend, selling 87 units in the process at prices from S$1.3 million to S$3.5 million.

With the weekend sales, the 99-year leasehold mixed-use development in Tanjong Pagar that has been on the market since 2021 moved 348 units to date, and cleared 99 per cent of its 351 units

 

[usarmy]

Must ask those buy before discount given. Imagine chiu buy the same stack one month ago... Agent tell chiu good potential, best development ever, selling fast... Now the late comer grab better deal than chiu.. When want to let go they can let go before chiu due to price advantage...


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[arcturuz]

this one is opposite 100AM there right, was having lunch at Ma Maison there and it looks very grand

 

[dotarian007]

this one is opposite 100AM there right, was having lunch at Ma Maison there and it looks very grand

ya nice location tot sold out liao