The risk of asking higher means longer waiting time.
I seen a couple of decently located OCR/RCR projects asking higher and got the better side of prices, quick list downThe risk of asking higher means longer waiting time.
Not impossible in a seller’s market like this but no point risking that bit higher by waiting longer which in the end, may get smacked by any possibility of newly implemented CMs (if scully kenna one), end of best window period to exit, or any other unforeseen factors.
Sadly yes, PR 8 though bid low, can’t be launching at charity price judging from the current situation and demand.
So a tampines integrated development next to tampines mrt should sell for 1,988psf today yes?
I think it could be attributed to stronger marketing campaigns for new launch that brings up the prices and popularity. Jus compare Antares w Park Place Residences, or Woodleigh Residences w Poiz.Sadly yes, PR 8 though bid low, can’t be launching at charity price judging from the current situation and demand.
The truth is nowadays, many new launches does not give buyers a glimpse of hope to see price appreciation after TOP. Eg PR 8 1 bedder bought at 8xxk have to sell over 1 mil? NP bought at 18xxpsf today have to sell over 2kpsf where PPR at a much better location and amenities is still hovering 19xxpsf thereabout in resale. PC/Stirling selling at 2.1xkpsf have to sell at 2.4kpsf which is the price u can get in D9 FH. Don’t you think all these are hard to imagine?
I can be labeled as blunt, cynical or toxic and it’s fine. It’s always good to be realistic and sober than keep bluffing yourself
I thought private condo integrated dev should be priced higher than EC, or was it another way round?So a tampines integrated development next to tampines mrt should sell for 1,988psf today yes?
Tampines should be priced higher than pasir ris right? Or no longer such distinction?
Speaking of which, tanah merah should have no problem to sell at 2,088psf then! WHich is the developer? Better load up the shares tmr.
Looks like propnex may actually hit $3 soon. Congrats to CEO ismail.
Was thinking how much tampines and tanah merah integrated development should sell for based on PR* 1700psf.
Sadly yes, PR 8 though bid low, can’t be launching at charity price judging from the current situation and demand.
The truth is nowadays, many new launches does not give buyers a glimpse of hope to see price appreciation after TOP. Eg PR 8 1 bedder bought at 8xxk have to sell over 1 mil? NP bought at 18xxpsf today have to sell over 2kpsf where newly TOP PPR at a much better location and amenities is still hovering 19xxpsf thereabout in resale. PC/Stirling bought at 2.1x-2.2xkpsf have to sell at 2.4kpsf which is the same price u can get in D9/CCR FH.
Don’t you think all these are hard to imagine?
I can be labeled as blunt, cynical or toxic and it’s fine. It’s always good to be realistic and sober than keep bluffing yourself by saying nice things to please others
Congrats to ur friends! Think from 2022 we really need to look at resale than new launch.
I’m more optimistic, 50% losses in NP sounds too much. I would say NP buyers need to hold longer to see breakeven. Coming up, many new launches when go into resale are likely to be stagnated or at best, thin profit margin if they r lucky and able to hold long enough. Also depends on their entry price/psf.
I’m more optimistic, 50% losses in NP sounds too much. I would say NP buyers need to hold longer to see breakeven. Coming up, many new launches when go into resale are likely to be stagnated or at best, thin profit margin if they r lucky and able to hold longer. Also depends on their entry price/psf.
I feel that in the current new launch market where there is difference of up to 500psf or more in the same project, tose who overpay for a premium facing/high floor units would see losses or thin profits in the resale market.I’m more optimistic, 50% losses in NP sounds too much. I would say NP buyers need to hold longer to see breakeven. Coming up, many new launches when go into resale are likely to be stagnated or at best, thin profit margin if they r lucky and able to hold longer. Also depends on their entry price/psf.
Ya, even the M itself has a range of 21xx psf to 3kpsf. Hehe, not sure how those 3kpsf buyers exit.
$900psf gap is ridiculous, but congrats to those that entered at the lower spectrum.Ya, even the M itself has a range of 21xx psf to 3kpsf. Hehe, not sure how those 3kpsf buyers exit.
In fact since late last year a lot of popular projects in OCR and RCR with asking prices on the lower spectrum of psf had revised prices upwards. Not many in CCR though.2022 is late
latest updates by dev
3bdrms premium range from $1.75M-$1.95M max.. which translate to $15xxpsf..
Pasir Ris 8 Development Fly Through Video
Pasir Ris 8 Marketing Video screened at the Showflat
Pasir Ris 8 Virtual Open House Video Exclusively by PropNex
https://www.propnex.com/watchplus
3D Virtual Matterport of the 3 show flats:
1. https://my.matterport.com/show/?m=Ztz7tn1FgcU
2. https://my.matterport.com/show/?m=YTTyFfaRscD
3. https://my.matterport.com/show/?m=16haFsp4tKX
