30/10/2005
84790.7 in reply to 84790.4
For the average Singaporean older condos which are located in reasonable good districts bigger in space e.g Pandan Valley Clementi Park-e.g pandan Valley is at the end of the Holland Road stretch better than the front end with fly over etc units at 2088 sq ft calling at 950,000 will selll at probably 900,000 to 925,000 is a reasonably good buy.Ridgewood also a good buy now but prices 5% higher than Pandan Valley. Pandan Valley actually fronts Ridgewood so neighbours a sclose as two peas in apod but Pandan valley is district 21 and ridgewood dist 10.
For condo dewellers with a better budget - something like Beaverton Court Mount Sinai 2055 sg ft calling at S$1.28m Should sell at approximately 1.15m reasonable exclusive yet with a bit of an enbloc potential Dist 10 by the way.
For the small bungalow people- those who wana a small bungalow and don't want to be too far from town yet with a little exclusivity. Adelphi Park very old but extremely charming estate bungalows between only 4,000 sf feet land to 5,500 sq feet land priced slight below 2m- next Thomson Plaza on a hill -good buys !
Those going for terraces and semi detached houses for own stay at good prices. -Serangoon gardens very good pricing - and lots of opportunities for rebuilt buy an old terrace house for 780,000-800,000 with 2,800 sq ft land put inS$ 400,000 and completely rebuilt it into two and a half stories.-good value. there!
East Coast area for semi detached- the stretch from Still Road and upper East Coast Road up to Jalan Remis and Upper East Coast Road or Siglap Centre junction - offers very good values and good marketability - e.g a semi detach at Jln Remis cost about 1.2 to 1.3 m. Add S$150,000 A and A works and it is good living space for a family . Further up nearer bedok-not good (difficult to resell) Lower portion at Arthur Road and Goodman Rd tanjong Katong - best part of katong the prime of Katong but prices are a little higher here.(12-20 percent more)
BUT OF COURSE IF YOU ARE STAYING IN SINGAPORE. ....
IF YOUR BUDGET IS REALLY LOW LET"S SAY YOU CAN ONLY AFFORD A LOUSY 500,000K TO 600,00K CONDO- I SAY FORGET IT!!!!
go for public housing whereby you at least get good subsidy and bigger space and a much cheaper price now!!! Save the money for other investments till you can really afford something better.
500,000 to 600,000 private condos are either in very lousy location( hard to sell next time) or are like sparrow-holes!
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Edited 30/10/2005 04:45 ET by lambaste2
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From: Fruso 03:46
To: lambaste2 8 of 21
84790.8 in reply to 84790.3
Can a caveat be lodged without money actually changing hands.?
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From: jbjjbjjbj 03:49
To: RedCar369 9 of 21
84790.9 in reply to 84790.6
<<So who is the property guru here?>>
He's still the guru.
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Coffee Shop Talk - 568 bungalows 4SALE District9,10,11 21!! Subscribe
From: lambaste2 13-Nov 11:08
To: ALL 1 of 66
85712.1
A property agent in the Classified Advertisements on 13/11/05 advertised a listing of 568 bungalows available for sale in prime districits 9 10 11 and 21!
Imagine 568 bungalows to choose from from just ONE agent! Challenger cloumn 445 p9 C9 Sunday Times
1) So is there a shortage of properties to choose from????
2) why so many BUNGALOW owners(NOT semi detached NOT terrace hor) selling out? and cashing out?
3) and if this is from one agent only the actual number selling out in the PRIME district is easily over 1000 units surely?
4)Then we we take into consideration ONLY bungalows in the whole of Spore , there must be more than 3000 to 4000 units in the market for sale right?
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Edited 13/11/2005 11:12 ET by lambaste2
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From: ew69 13-Nov 11:34
To: lambaste2 2 of 66
85712.2 in reply to 85712.1
Because they all cabuted overseas and took their cpf $$ with them.
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From: lambaste2 13-Nov 11:37
To: ew69 3 of 66
85712.3 in reply to 85712.2
what you mean is trying to cabut .........
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From: ew69 13-Nov 12:02
To: lambaste2 4 of 66
85712.4 in reply to 85712.3
yes, but adding a past tense to cabut.
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From: lambaste2 13-Nov 19:15
To: ew69 5 of 66
85712.5 in reply to 85712.4
But if there are thousands of bungalows on the market they may not have taken out their CPF invested in their bungalows yet, so not necessarily the CPF allso "cabutted" along with them ...right?
If one bungalow has say 2 million CPF in it ..then 1000 bungalow is 2,000,000 x1000=2,000,000,000. Wha how to call tha thah? so big a figure I also dunno one leh!!!
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From: dark 13-Nov 19:17
To: lambaste2 6 of 66
85712.6 in reply to 85712.1
Guru,
What is the total estimated no of bungalows in Spore?
Thanks
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Edited 14/11/2005 04:15 ET by dark
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From: r7 (RABBIT7) 13-Nov 22:13
To: lambaste2 7 of 66
85712.7 in reply to 85712.1
Good Day Lamb',
In your expert opinion,
where can on ebuy the lowest-priced landed property in SG
and at roughly what price ?
Thanks
& Do Have a Nice Day,
R7
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From: lian9 13-Nov 22:48
To: ALL 8 of 66
85712.8 in reply to 85712.7
Open listings & Exclusive listings...
Certain realtors like to give the impression they are selling XXX no of properties but in reality, they are not.
They are listing all the properties for sale in that area, hoping that buyers will just liase with him/her....
Its a marketing technique.....Its like a retail outlet advertising certain X products cheaper than market, in the view that more pple will come to shop in his shop coz of the cheaper product...
Cheers
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From: lambaste2 13-Nov 23:35
To: r7 (RABBIT7) 9 of 66
85712.9 in reply to 85712.7
Depends on your needs cheapest and lowest landed properties may have short leases. e.g in some parts of Spore you have leases of 47 yrs left or even 30 left
Now these landed properties can be cheap especially for older retirees with the cash to spare( since you can't possibly get a loan)
e.g just behind the Railway Mall at upper Bukit timah road around Jalan Asas is an estate with properties probably with about 50 years lease left Now you could get a small semi detached house with 2,700sg feet of land for perhaps like 420,000/- .
Or in a far off remote part of Upper Changi there are some semi detached going for 360,000 to 400, 000 with 3,400sf land but leases expires in some 30 odd years time
However buying these properties cannot be considered an investment - it's a simple consumption as the leases are short.
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Edited 14/11/2005 00:04 ET by lambaste2
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From: lambaste2 13-Nov 23:40
To: dark 10 of 66
85712.10 in reply to 85712.6
Please hor I ain't no guru//but judging from advertisements and also the number of rebuilts whereby semidetach becomes broken up to detach and bigger detach becoming two or more detach bungalows..there must be at least 8,500 to10,000 bungalows island wide.
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Edited 13/11/2005 23:43 ET by lambaste2
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From: God's Ultimate Weapon (QuanHuang) 13-Nov 23:55
To: lian9 unread 11 of 66
85712.11 in reply to 85712.8
I see. I recently heard about similar techniques being played in Japan too. Thanks for the enlightenment.
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From: r7 (RABBIT7) 14-Nov 01:19
To: lambaste2 12 of 66
85712.12 in reply to 85712.9
Good Day, Lamb',..
Thanks for the advice.
I'd probably maintain being cash-rich,
whilst living out my days in this sparrow-hole-HDB flat.
But the little voice in tht back of my head keeps telling me to get a landed property (as instinctively, I'd like to dig my rabbit burrow')
I guess I'd look further into Malaysian Landed Properties - Are You as familiar with these Msian props' as with SG ?
Again, I wish You success with Your endeavours,
and Appreciate Your contribution to Sammy's cyberspace,
Cheers :)
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From: lambaste2 14-Nov 03:32
To: ew69 13 of 66
85712.13 in reply to 85712.12
Frankly Uncle my advise is DON"T BUY anything unless you are amongst the wealthy with NET assets over 5 or 6 million then what is 2 million spent on a landed property.
If not don't buy anything. In s'pore there are just too many people trying to follow the Jones , the Fairfields the Fatamanis,the Dandiwanis,the Tans the Lims and the Lees....and they buy properties-to compete who has a bigger house or garden.
My gut feel is that after the GE and even with the IR- the economy may still take a bit of a beating depending on world situation- and this is for real.
As we know interest rates are rising. unemployment world wide ain't good! And from my forcast we are entering into a decade of great uncertainty - in which financial and personal MOBILITY are advantages to face up to future challenges.
It is an age where people better learn to live with their parents siblings etc and maintain minimal committment to concrete unless they can afford it.
Imagine just in district 9 10 11 or 21 an agent can have on his listings 568 BUNGALOWS for sale- obviously smart people are cashing out.
Look at CPF for years DPS and Medishield went on fine Now they have sub it out to Great eastern and NTUC Income and just this week the public wassinformed that those on medishield have also become put under NTUC shield.
. CPF has completed relinquished its insurance and health care role.....You cannot but feel something is very wrong and amiss...so whatever cash you have conserve it.
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Edited 14/11/2005 10:15 ET by lambaste2
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From: homer321 14-Nov 03:46
To: lambaste2 14 of 66
85712.14 in reply to 85712.1
the agent is using a marketing gimmick.
most of the 568 bungalows are not his 'listing', that is, the owners didn't sign any exclusive contract with the agent.
infact, the owners don't even know this agent.
the agent got the bungalows from what is called an open listing.
nothing unusual about 568 bungalows on sale.
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From: lambaste2 14-Nov 03:53
To: homer321 15 of 66
85712.15 in reply to 85712.14
I agree with you but whatever the case we are talking about 568 bungalows in 41 address areas ( which I confirmed) existing in the secondary market for sale in just 4 districts. The total number of bungalows for sale currenty(NOT semi detach) islandwide can be put as around easily 1000, bungalows
My point is we are not running short of properties for sale- and in fact many people want to cash out SO my point is also don't rush to buy! They are NOT ALL selling like chwee kueh!.
If you talk about semi-detached houses adver tised for sale island wide by owners and agents ( looking carefullly over 3 saturadays you can guage that conservatively ther ear eabout another 2800 semidetach houses for sale in the secondary market.
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Edited 14/11/2005 03:55 ET by lambaste2
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From: homer321 14-Nov 03:59
To: lambaste2 16 of 66
85712.16 in reply to 85712.15
Only if you have been assidiously monitoring the number of landed properties put on sale over the past few years can you conclude that there is a mass cashing out.
Maybe you should do some in depth research and then post your results here. It would be most enlightening.
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From: lambaste2 14-Nov 04:10
To: homer321 17 of 66
85712.17 in reply to 85712.16
I wouldn't say assidiously but i think for a lay person iI have meticulously following the makret not for myself but for the sake of my immediate family and relatives for the last 41/2 years since I was here and also in two other periods when I was here for two years at a stretch prevously to that..
It only an opinion you know. A nd one might say people are just switching . the switching in bungalows account for 30%e.g upgrades and downgrades new buyers approximater 25% and the rest I feel are cash out situations-which is why at any point in time you will still get about 600-700 bungalows floating in the market. isalnd wide.
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Edited 14/11/2005 04:13 ET by lambaste2
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From: dark 14-Nov 04:19
To: lambaste2 18 of 66
85712.18 in reply to 85712.1
If based on 9-10k total units,then this 3-4k units in teh market cannot be correct as I remember the occupation rate of bungalows is the highest compared to all type of properties.
Am I right?Pl re-verify the figures,if so much bungalows are on the market,then we are really heading for big trouble soon.I do not think we are there yet,hopefully bird flu wouldn't come,oil price stop going up and IRs successful!!!Your wishes too,I am sure.
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From: santafegold 14-Nov 04:29
To: r7 (RABBIT7) 19 of 66
85712.19 in reply to 85712.12
I think there are quite a fair few singaporeans who got burned with malaysian properties. It is not an area worth investing at the moment a bit like singapore market. There is plenty of supply but very little demand. Market prices has been stable in the last 4-5 years with the peak during pre-97 crisis which took a beating of about 30-60% off the peak market price. Majority of buyers now are looking at new properties and there are hardly any subsales in the market. New developments are doing well with the growth corridor along the tebrau (new Jaya Jusco - expected to do well for the next 2-3 years) and the skudai area (facing a slow down with the new jusco). There are a lot of hype with the new jusco - whether or not it will be another IR (singapore's IR) led growth or that people are genuinely moving into these new area has yet to be seen. My best advise is to steer clear of Malaysia.
If you are into agriculture, Malaysia seems to be putting a lot of bets on agriculture which is something you can look at. Beside appreciation in prices, revenue are reasonably strong. If you notice, the plantation sectors on KLSE are doing extremely well.
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From: ew69 14-Nov 05:06
To: lambaste2 20 of 66
85712.20 in reply to 85712.13
<<...You cannot be feel something is very wrong and amiss...so whatever cash you have conserve it.>>
You've got a point, but what happens if everything is expropriated? It has happened in other countries before, you know.
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