####
actually it is good if there are many emotional buyers buying new launch at high price. Just make sure you are not in the group.
like reflection, buy and reflect for life, then I tell my associates.. see reflection is so helpful in sucking up liquidity so that others lose money, not you..else these ‘cash’ may queue and fight with you for projects you want to buy…
####
For reflection, I was personally there to witness history. If you noticed…..the ’loss’ actually are the foreigners who badged the best units in the developments, best facing, villas. 1 of them held for 10 years as investments (collect rental) and recently started to offload them at huge loses per unit. But to the fund house, they have already collected 10 years rental so the `loss’ is acceptable.
For the buyers now who entered in the last 2-3 years at 1500-1800 psf, I reckon it’s alright considering the location and quality of the project. Even with 15 years of the lease gone, it’s still similar in quantum to RCR and cheaper than CCR new launches room for room type comparison. Anyway good units with good pricing are mostly gone…..the resale price has also moved up. Left those face golf course / future construction, near to road, near dustbin….otherwise if want to buy face sentoas, Keppel island, already above $2k psf for the smaller units and even higher psf for the larger units which are sold by Keppel and the foreign owner who still holding on to the most premium units.
As for me, fortunately I was outbid by the foreigners…..ok, as a local, we can smell better opportunities better than the foreigners and bought a landed instead…..now can buy 3 units of reflection and with change if I sell the landed.
So, a project may loss money, but doesn’t mean always will lose money and also doesn’t mean it’s a bad project….lets see how the 2nd buyers perform in 2-3 years time….already saw 1 resale unit made a decent gain after holding for 3 years.