Which Direction Will Property Prices Go ?

ThinkCarefully

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These days almost anything sells...
We laugh at G&L, G is already 80% sold

we laugh at TWR, launch day only < 5% sold, now sold out

And many more carrot projects...

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bluegt

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These days almost anything sells...
We laugh at G&L, G is already 80% sold

we laugh at TWR, launch day only < 5% sold, now sold out

And many more carrot projects...

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Meanwhile D'Evelyn, a FH just behind Pullman and a stone's throw from Newton MRT (1 stop from Orchard), just had a transaction at $1,654PSF (614sqft unit).

Amazing that people are willing to queue and pay 2100+ PSF for ulu location LH new launches.
 

ThinkCarefully

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Meanwhile D'Evelyn, a FH just behind Pullman and a stone's throw from Newton MRT (1 stop from Orchard), just had a transaction at $1,654PSF (614sqft unit).

Amazing that people are willing to queue and pay 2100+ PSF for ulu location LH new launches.

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there are people who look for good deals
There are people whose life become miserable if they don’t buy new

there are those who think carefully
there are those who throw caution to the wind

There are those who look at trend and draw conclusions
There are those who do not look at historical, close eyes and just rocket shoot to the moon...

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skpuppy

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Meanwhile D'Evelyn, a FH just behind Pullman and a stone's throw from Newton MRT (1 stop from Orchard), just had a transaction at $1,654PSF (614sqft unit).

Amazing that people are willing to queue and pay 2100+ PSF for ulu location LH new launches.
For me, stay in house must be new. Must have good facilities also. Amenities such as ntuc, good school, medical facilities, eateries more important than mrt. Sea/ mountain view is good but sea view must be those Maldives type.

For investment, don’t buy property but good businesses (stocks). D'Evelyn is cui. (1) looks old (2) no facilities

Sometimes it is the perception. Today u can say you have $10m portfolio and got few properties. If you got no car, ppl also see you no up. Just like properties, you buy value for money property but old and no facilities, ppl also laugh at you. Like Novena court, give me lobang I also don’t want
 

bluegt

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For me, stay in house must be new. Must have good facilities also. Amenities such as ntuc, good school, medical facilities, eateries more important than mrt. Sea/ mountain view is good but sea view must be those Maldives type.

For investment, don’t buy property but good businesses (stocks). D'Evelyn is cui. (1) looks old (2) no facilities

Sometimes it is the perception. Today u can say you have $10m portfolio and got few properties. If you got no car, ppl also see you no up. Just like properties, you buy value for money property but old and no facilities, ppl also laugh at you. Like Novena court, give me lobang I also don’t want

Very true.

IMO, I let people laugh then I just ask them, oh so where do you stay? Then they keep quiet.

Most people in the world don’t know what they themselves want. They get their satisfaction from others when friends and colleagues give you praise for being successful in buying a new launch. Some need others to validate their choices. Queuing for cai png or a new launch is one of the best ways to get that.

To each his own - I see a home as a place to live and a store of wealth, and not a status symbol.
 
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skpuppy

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Very true.

IMO, I let people laugh then I just ask them, oh so where do you stay? Then they keep quiet.

Most people in the world don’t know what they themselves want. They get their satisfaction from others when friends and colleagues give you praise for being successful in buying a new launch. Some need others to validate their choices. Queuing for cai png or a new launch is one of the best ways to get that.

To each his own - I see a home as a place to live and a store of wealth, and not a status symbol.
You have to decide between comfort vs store of wealth. Novena court maybe cheap but I think my wife will kick a fuss if I tell her that will be our new home. We love full height window and lots of light into the house. Those old estate cannot.
Store of wealth definitely yes. If I want my money to appreciate, then stock market definitely is better
For me, status is secondary. One can haolian a lot but end of the day still boils down to how much ur bank account has. Haha
 

bluegt

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You have to decide between comfort vs store of wealth. Novena court maybe cheap but I think my wife will kick a fuss if I tell her that will be our new home. We love full height window and lots of light into the house. Those old estate cannot.
Store of wealth definitely yes. If I want my money to appreciate, then stock market definitely is better
For me, status is secondary. One can haolian a lot but end of the day still boils down to how much ur bank account has. Haha

Haha, not always such a tradeoff. Can have comfort & store of wealth, yet not be "new". If you want 1) comfort, 2) store of wealth and 3) new... very hard because store of wealth and new is often contradictory. New in itself doesn't give any intrinsic value. New does mean full-height windows, but resale can also get the same. New means well kept amenities, but resale can also have. New means in good condition, but resale can also be - anyway, false choice as reno likely regardless of new or resale.

Find a resale that ticks all your criteria, nearby to amenities, very well lighted, etc. I agree, very old like Novena Court, no way, but there are many others that are <15 years old and as such have modern design. Get a high floor and you are set. All can be had in prime area for less than AMO/LM/SE new launch.
 

skpuppy

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Haha, not always such a tradeoff. Can have comfort & store of wealth, yet not be "new". If you want 1) comfort, 2) store of wealth and 3) new... very hard because store of wealth and new is often contradictory. New in itself doesn't give any intrinsic value. New does mean full-height windows, but resale can also get the same. New means well kept amenities, but resale can also have. New means in good condition, but resale can also be - anyway, false choice as reno likely regardless of new or resale.

Find a resale that ticks all your criteria, nearby to amenities, very well lighted, etc. I agree, very old like Novena Court, no way, but there are many others that are <15 years old and as such have modern design. Get a high floor and you are set. All can be had in prime area for less than AMO/LM/SE new launch.
Ppl tell me property if > 20 years old value drop very fast lei. Sure buy 15 year old property?
 

Gibbfa

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Meanwhile D'Evelyn, a FH just behind Pullman and a stone's throw from Newton MRT (1 stop from Orchard), just had a transaction at $1,654PSF (614sqft unit).

Amazing that people are willing to queue and pay 2100+ PSF for ulu location LH new launches.
New launch premium doesn’t make sense .

much more value in resale
 

Gibbfa

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For me, stay in house must be new. Must have good facilities also. Amenities such as ntuc, good school, medical facilities, eateries more important than mrt. Sea/ mountain view is good but sea view must be those Maldives type.

For investment, don’t buy property but good businesses (stocks). D'Evelyn is cui. (1) looks old (2) no facilities

Sometimes it is the perception. Today u can say you have $10m portfolio and got few properties. If you got no car, ppl also see you no up. Just like properties, you buy value for money property but old and no facilities, ppl also laugh at you. Like Novena court, give me lobang I also don’t want
Novena court is a good buy. Just hold till en bloc
 

googoogaga

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Novena court is a good buy. Just hold till en bloc
Agree with the Elvin Tay clone here. Some old property are just too old for self stay. Maybe good as an investment and rental. But even then novena couet is risky causes it's super old and freehold. If it hasn't been Enbloc yet then probably there are problematic or greedy owners?
 

ThinkCarefully

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the EC video was very telling
Lentor ulu 9 mrt stops to Orchard... what’s the big deal

go and look at the mrt line network, within 9 stops to orchard there are so many options.

ok, Lentor ulu is new, but amenities and schools etc very lacking...

Anyway 84% of buyers think it is worth their Cheque, so we hope they Huat...

then we all can Huat very very big

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bluegt

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Ppl tell me property if > 20 years old value drop very fast lei. Sure buy 15 year old property?

For leasehold, best to exit before 25 years IMO... the potential buyer pool shrinks as the property ages. Further, after 20-25 years the value loss due to lease decay could easily exceed appreciation. So hard to sell + lose value.

For freehold, no issue of lease decay. Like Gibbfa said, just hold till enbloc. At that price, you are paying 0 for the unit and really only playing for the land. It's great value...

Good enbloc potential, likely appreciation, sure make money... interior very nice after reno. However, feel good factor won't be there because its an old development - hence why I wouldn't buy personally.

Sweet spot to me is FH 10-20 years old (2002-2012). Still nice facilities & units, no issue of lease decay and they tend to be much cheaper. Some examples from Newton, 1 stop to Orchard and Novena Health Hub, direct line to CBD, MBS, Botanic, and just across Cairnhill. No mass mega developments as it's largely a landed area -- can't get much better of a location:

Property - Recent Transactions - # Profitable, Gain -> Year Built / Current PSF
Residences @ Evelyn - 13 Transactions, 12 Profitable, Largest Gain: $1,432,880 -> 2007 / 2100 PSF
Trilight - 8 Transactions, 100% Profitable, Largest Gain: $709,000 -> 2012 / 2100 PSF
Newton One - 3 Transactions, 100% Profitable: Largest Gain: $819,100 -> 2009 / 2200 PSF
Newton 18 - 9 Transactions, 100% Profitable, Largest Gain: $832,000 -> 2002 / 2000 PSF

To me, these vs ulu location AMO / LM at the same PSF is a no-brainer. Especially as there will be good appreciation. Pullman (FH) beside Newton One is selling at 3000 PSF and Kopar (LH) beside Newton 18 is selling at 2600 PSF. Once they TOP, the whole area will appreciate.
 
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skpuppy

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the EC video was very telling
Lentor ulu 9 mrt stops to Orchard... what’s the big deal

go and look at the mrt line network, within 9 stops to orchard there are so many options.

ok, Lentor ulu is new, but amenities and schools etc very lacking...

Anyway 84% of buyers think it is worth their Cheque, so we hope they Huat...

then we all can Huat very very big

#####
New then got upside mah. Last time ppl also say Sentosa no school and all the cock. 10 years later you see Lentor price. Don’t cry
 

ThinkCarefully

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New then got upside mah. Last time ppl also say Sentosa no school and all the cock. 10 years later you see Lentor price. Don’t cry

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why cry?
If they can Huat, Many Huat very very big...

should be happy

new launch buyer is one time only
Subsequent buyers are either subsale or resale buyers...

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Robertcarrot

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For leasehold, best to exit before 25 years IMO... the potential buyer pool shrinks as the property ages. Further, after 20-25 years the value loss due to lease decay could easily exceed appreciation. So hard to sell + lose value.

For freehold, no issue of lease decay. Like Gibbfa said, just hold till enbloc. At that price, you are paying 0 for the unit and really only playing for the land. It's great value...

Good enbloc potential, likely appreciation, sure make money... interior very nice after reno. However, feel good factor won't be there because its an old development - hence why I wouldn't buy personally.

Sweet spot to me is FH 10-20 years old (2002-2012). Still nice facilities & units, no issue of lease decay and they tend to be much cheaper. Some examples from Newton, 1 stop to Orchard and Novena Health Hub, direct line to CBD, MBS, Botanic, and just across Cairnhill. No mass mega developments as it's largely a landed area -- can't get much better of a location:

Property - Recent Transactions - # Profitable, Gain -> Year Built / Current PSF
Residences @ Evelyn - 13 Transactions, 12 Profitable, Largest Gain: $1,432,880 -> 2007 / 2100 PSF
Trilight - 8 Transactions, 100% Profitable, Largest Gain: $709,000 -> 2012 / 2100 PSF
Newton One - 3 Transactions, 100% Profitable: Largest Gain: $819,100 -> 2009 / 2200 PSF
Newton 18 - 9 Transactions, 100% Profitable, Largest Gain: $832,000 -> 2002 / 2000 PSF

To me, these vs ulu location AMO / LM at the same PSF is a no-brainer. Especially as there will be good appreciation. Pullman (FH) beside Newton One is selling at 3000 PSF and Kopar (LH) beside Newton 18 is selling at 2600 PSF. Once they TOP, the whole area will appreciate.
Wah, FH condo hold until enbloc. Means my whole life must hold on to one property? What if uplorry Liao still no enbloc leh? Lol
Err…btw, most of the newton examples u gave mostly less than 3 transaction per year. And these condos are from last decade or two. Which pre 2010 condo can’t make money after holding for so long? Many other non core region districts condo of the same era also can perform as good if not better, and with a much healthier transaction volume than all these newton condos. Why die die must be newton? :o
 
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