Pasir Ris 8 unofficial "guide price"

Dusky01

Dusky01

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anyone has the price list ?
wonder how much their 4br cost
 
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chopra

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bolster said:
a lot lah. see for yourself. Though Reflection remain unbeatable in losing millions for some time!

http://www.ytreporp.com/propertyprofitloss.php
https://ytreporp.com/propertyinvestment.php
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Thanks
arctician said:
i am surprised there are even 5 profitable txn, i scanned the listing and there is no way i will touch this even at 1.5k psf, the units have a loft and you are paying for strata airspace, means effectively the average 1.5K PSF is lower on paper and higher when you remove the airspace.. i have 3 principles when come to buying resale, never buy loft, never buy boutique with less than 100k sf land area, never buy low floors...jardin unfortunately fit into 2 of them.

generally ppty can make money but there are always exception, some projects will just never trend up due to lack of desirable attributes. Loft is one of them. This project buy at 1.5k psf, also hard to exit with profit..

though projects like seaside residences are 100% profitable, early buyer all entered at $1.4-1.6k psf, so those who bought from them now at 2.2k+ psf are likely to exit with losses when lease decay overtime, like silversea...so project with profitable txn doesnt mean its good, and one with unprofitable txn doesnt mean its not good...have to consider timing, price and unit attributes
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Arti u live in which district.? Mind sharing? Can pm too.

Jardin is facing a v bad traffic area. The whole bukit timah is full of monkeys. Wont stay there at all.

I went into silversea, actually the amenities are quite atas leh. Im surprised it's not selling well.

Seaside oh pls. Even w mrt up, that place is still lacking of amenities. It's hard to match up to amber or marine parade core region
 
arctician

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chopra said:
Thanks

Arti u live in which district.? Mind sharing? Can pm too.

Jardin is facing a v bad traffic area. The whole bukit timah is full of monkeys. Wont stay there at all.

I went into silversea, actually the amenities are quite atas leh. Im surprised it's not selling well.

Seaside oh pls. Even w mrt up, that place is still lacking of amenities. It's hard to match up to amber or marine parade core region
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I staying in west, be moving to BW next time. Jardine and kap side have lots of construction ongoing for next few years, with crl plus road facing noise gg be bad

I also dont like seaside but resale is doing at 2.2k psf now while silversea has now depreciated to 1.6k psf due to lease decay vs 2k psf 10y back. Usually for 99LH one has to exit by 80y mark before the depre accelerate as per bala curve
 
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zaclee

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arctician

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zaclee said:
The longer this upward party keeps up, the better news and safe for our bros who bought in 1H2021 and before.
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best is Q32020, there is a one month window where prices declined by 1-2%

most expect covid to mirror a recession across few quarters and sold to buy back lower, in the end the 1 month window surprised the majority, so instead buy low sell high become sell low buy high.

i expect prices to trend upwards further, nascent stage of economic recovery aside, the high AMK and lentor bids means costs of land gg remain high, most importantly is the low inventory of 19k units as reported in the article this morning...17k is historical inventory low before the enbloc rush in 2018, so now developers will not drop price but increase instead since they have no more stock and need bid higher for GLS in future. thx to all the bros here who shared all the data heavy Youtube videos, once i see the numbers one has to enter after JSS end in dec 2020 with no price correction
 
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extraordinaryboynextdoor

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arctician said:
I staying in west, be moving to BW next time. Jardine and kap side have lots of construction ongoing for next few years, with crl plus road facing noise gg be bad

I also dont like seaside but resale is doing at 2.2k psf now while silversea has now depreciated to 1.6k psf due to lease decay vs 2k psf 10y back. Usually for 99LH one has to exit by 80y mark before the depre accelerate as per bala curve
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I don't think Silversea is suffering from lease decay as much as the fact that FEO sold to the original buyers at inflated prices. FEO launched Silversea at about $2k psf circa 2010 when the surrounding FH developments were still selling at about $1.2k psf. If FEO had priced Silversea fairly, eg, around $1.2-1.4k psf, today's selling prices would reflect capital appreciation in line with the general property market. As it is, quite a number of the recent Silversea transactions were profitable. I was looking at Silversea quite closely when shopping recently, and my main concern was the upside in the next ten years, and the lease decay at around the 20th year mark. I honestly don't believe lease decay has come into the equation yet, and Silversea has been fairly well-maintained from what I observed recently.
 
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zaclee

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Unfortunately, many good projects (as a product) often become bad due to overpricing.

If the spread between highest/lowest price vs average price within the project is large, the fortunes of its buyers may differ significantly.
 
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extraordinaryboynextdoor

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zaclee said:
Unfortunately, many good projects (as a product) often become bad due to overpricing.

If the spread between highest/lowest price vs average price within the project is large, the fortunes of its buyers may differ significantly.
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Some developers are more guilty of this than others though :)
 
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shadow84

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zaclee said:
The longer this upward party keeps up, the better news and safe for our bros who bought in 1H2021 and before.

And huat to Tampines folks. They have a few pieces of land next to MRT…
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I believe the plot of land whereby the existing parc central and treasures showflats are located at is for a hospital, iirc.
 
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rlskyline

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extraordinaryboynextdoor said:
I don't think Silversea is suffering from lease decay as much as the fact that FEO sold to the original buyers at inflated prices. FEO launched Silversea at about $2k psf circa 2010 when the surrounding FH developments were still selling at about $1.2k psf. If FEO had priced Silversea fairly, eg, around $1.2-1.4k psf, today's selling prices would reflect capital appreciation in line with the general property market. As it is, quite a number of the recent Silversea transactions were profitable. I was looking at Silversea quite closely when shopping recently, and my main concern was the upside in the next ten years, and the lease decay at around the 20th year mark. I honestly don't believe lease decay has come into the equation yet, and Silversea has been fairly well-maintained from what I observed recently.
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if silversea was launched at high, how come still have profitable transactions?
 
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