What makes a condo valuable?

[Rubberpad]

Sentiment for now

 

it seems it has always been sentiments.

 

why will it stop?

 

it is so hard to guess where the market will head in these 2 years

Edited April 26, 2012 by Rubberpad

[Icedbs]

it seems it has always been sentiments.

 

why will it stop?

 

it is so hard to guess where the market will head in these 2 years

 

Hard? I don't find it hard.

 

The market is already contracting. The Q1 Index should show a price reversal and a deeper reversal in Q2.

 

Smart money is moving out of Singapore and Asia and back into the US market.

 

 

 

 

[Rubberpad]

Hard? I don't find it hard.

 

The market is already contracting. The Q1 Index should show a price reversal and a deeper reversal in Q2.

 

Smart money is moving out of Singapore and Asia and back into the US market.

 

Private home resales spring back to life

 

Updated: 20120426 BT - Kalpana Rashiwala

 

[sINGAPORE] After going into deep freeze since the additional buyer's stamp duty (ABSD) was introduced on Dec 8, resale transactions of completed private homes snapped back to life in March. The recovery was partly disguised amid the first quarter figures, weighed down by dismal volumes in January and February.

 

In fact, Savills Singapore's analysis shows that resale volumes for March have recovered to levels seen before the ABSD kicked in. The turnaround was sudden, as the resale market had remained jittery even while buyers were returning to property launches in the first two months of the year.

 

However, since March, agents say that some of the eye-popping per square foot (psf) prices achieved at new launches have helped to jumpstart interest in the secondary market for completed properties, where prices look more attractive.

 

Savills' analysis of URA Realis caveats data shows 1,142 resale deals for private homes (excluding ECs and en bloc sales) done in March - double the 565 caveats for February and more than three times January's volume of 314 transactions. The March number also exceeds December's volume of 776 and November's 981.

 

"Given that the average monthly resale volume for 2011 was 1,166 transactions, the March numbers show that resale volumes have recovered back to pre-ABSD levels," said Savills Singapore research head Alan Cheong.

 

The March 2012 resale volume is still 23 per cent below the 1,480 caveats lodged in March 2011.

 

The final tally for March 2012 could rise as more caveats stream in over the next few weeks. Savills' analysis, based on caveats captured by URA Realis as at April 24, also showed 332 resale transactions being done so far this month.

 

Savills commented: "The pace of resales in April is still healthy. Agents are still conducting frequent viewings and enquiries. Barring any new property cooling measures or external shocks, resales should remain robust for the next few months - given the current low interest rate environment, liquidity and increasing population scenario, among other factors."

 

The weak performance in the first two months dragged down the volume of resale deals of private homes for Q1 this year to 2,021, a decline of nearly 25 per cent from 2,688 in the preceding quarter and a year-on-year drop of 42.3 per cent from 3,503 units in Q1 2011.

 

"When the ABSD was imposed on Dec 8, 2011, new home sales practically froze in the following weeks. Subsequent to the successful launch of Watertown and Parc Rosewood in January, resale buyers took a while to fully absorb the fact that the property market still has legs. Only in March did they put pen to paper," said Mr Cheong.

 

Agents report that high prices achieved for 99-year leasehold suburban launches like Watertown in Punggol (with median prices of about $1,340 psf in February and March) and Sky Habitat in Bishan, which marked a new record for the suburban condo market based on an average price said to be about $1,650 psf after taking into account the initial 3 per cent discount given to all buyers - have helped to stir interest in the resale market and in projects launched earlier that are still being marketed by developers.

 

Archipelago, a five-storey, 99-year condo facing Bedok Reservoir Park, is going at about $1,000 psf on average.

 

Compared to Sky Habitat, resale prices for some completed freehold properties in the prime districts would appear attractive to some buyers, say agents. For example, a 990 sq ft ground floor unit at One Jervois changed hands for $1,515 psf (reflecting an absolute price of $1.5 million) in March, while a 947 sq ft unit on the third floor of Jervois Regency sold for $1,361 psf (about $1.29 million) in April.

 

A 12th floor unit of 2,250 sq ft at Residences@ Evelyn changed hands at $1,609 psf in March, while a 2,508-sq ft fourth floor unit at Chelsea Gardens at Walshe Road sold for $3.8 million, which works out to $1,515 psf.

 

David Neubronner, director of residential project sales, Jones Lang LaSalle, said: "Completed freehold properties at Meyer Road and in Districts 10 and 11 priced at $1,500-1,600 psf represent good values for owner occupiers."

 

Although psf prices are higher for new launches, absolute price quantums are generally bigger for older completed projects as units are mostly larger.

 

"Buyers of resale properties may be a different group than those buying in the primary market; they could be better heeled," suggests an agent.

 

Credo Real Estate executive director (residential) Manjit Gill says the company has seen an increase in enquiries and requests for viewings of completed properties in the resale market, particularly those in the vicinity of new launches.

 

"While psf prices are lower in the resale market, buyers would have to make full payment of the purchase price upon completion of sale (usually in three months) whereas if they buy a unit from a developer in a newly launched project, progress payments can stretch over the three years or more that it takes to complete the project," he adds. Lower psf prices in the resale market may also be due to the age of the project and its facilities.

 

 

[Icedbs]

name='Rubberpad' date='Apr 26 2012, 04:24 PM' post='4384855']

Private home resales spring back to life

 

Updated: 20120426 BT - Kalpana Rashiwala

 

[sINGAPORE] After going into deep freeze since the additional buyer's stamp duty (ABSD) was introduced on Dec 8, resale transactions of completed private homes snapped back to life in March. The recovery was partly disguised amid the first quarter figures, weighed down by dismal volumes in January and February.

 

Rubberpad, a few rules when you are studying properties.

 

 

1) Resale volume and new sales volume do not mean anything. Overall prices do not depend on volume. Fact is, volume is always a case of selective reporting because it is easy to sensationalize.

2) Never take analyst/agents report seriously when comes to investment be it stock or property. I wouldn't even waste my time reading one. To me these reports are garbage.

3) Do your own study by examining the figures from the URA site, STI indices and more importantly, the stock performance of the developers. These numbers do not lie.

 

Like a stock bubble before it burst, there will always be a spike in volume and a run-up of prices. Everybody wants to get in so that they don't miss the boat. But the smart ones are already cashing out and standing by the sideline.

Edited April 26, 2012 by Icedbs

[Rubberpad]

name='Rubberpad' date='Apr 26 2012, 04:24 PM' post='4384855']

Private home resales spring back to life

 

Updated: 20120426 BT - Kalpana Rashiwala

 

[sINGAPORE] After going into deep freeze since the additional buyer's stamp duty (ABSD) was introduced on Dec 8, resale transactions of completed private homes snapped back to life in March. The recovery was partly disguised amid the first quarter figures, weighed down by dismal volumes in January and February.

 

Rubberpad, a few rules when you are studying properties.

 

 

1) Resale volume and new sales volume do not mean anything. Overall prices do not depend on volume. Fact is, volume is always a case of selective reporting because it is easy to sensationalize.

2) Never take analyst/agents report seriously when comes to investment be it stock or property. I wouldn't even waste my time reading one. To me these reports are garbage.

3) Do your own study by examining the figures from the URA site, STI indices and more importantly, the stock performance of the developers. These numbers do not lie.

 

Like a stock bubble before it burst, there will always be a spike in volume and a run-up of prices. Everybody wants to get in so that they don't miss the boat. But the smart ones are already cashing out and standing by the sideline.

 

ok then AAPL at 610....hold, buy or sell?

[Icedbs]

ok then AAPL at 610....hold, buy or sell?

 

depends on your investment horizon.

 

Long term it is a buy. To me, Apple is cheap even at this price.

 

Heck, even the whole Tech sector in US is cheap.

 

The banking sector is even cheaper.

Edited April 26, 2012 by Icedbs

[Rubberpad]

depends on your investment horizon.

 

Long term it is a buy. To me, Apple is cheap even at this price.

 

Heck, even the whole Tech sector in US is cheap.

 

The banking sector is even cheaper.

 

yea i think so too.

 

1 more advice needed....DMND?

[FastFastCar]

silversea if u got any selling for $1000psf, tell me I buy from you...heck...anyone will buy from u if you sell them $1100 psf...

That's what I meant, and I tot rubberpad meant, he say seastrand selling more ex than some FH properties which is less likely, silversea though really sells for more ex than most fh properties.

[Rubberpad]

That's what I meant, and I tot rubberpad meant, he say seastrand selling more ex than some FH properties which is less likely, silversea though really sells for more ex than most fh properties.

 

i was referrering to older FH condos (more than 5 years old) in OCR

Edited April 26, 2012 by Rubberpad

[Icedbs]

yea i think so too.

 

1 more advice needed....DMND?

 

I wouldn't buy this stock for long term, unless you want to bet on some short term reversal play.

 

A stock like this will take a long time to recover....if it ever recover.

 

I hope you didn't hold onto large losses due to the rapid fall.

 

BTW, don't ask me anymore on stocks advice.

 

 

 

Edited April 26, 2012 by Icedbs

[Rubberpad]

I wouldn't buy this stock for long term, unless you want to bet on some short term reversal play.

 

A stock like this will take a long time to recover....if it ever recover.

 

I hope you didn't hold onto large losses due to the rapid fall.

 

i bought some at its lowest (almost) but it doesnt seem to move

 

i thought after their investigation, it will move up rapidly again

[Rubberpad]

I wouldn't buy this stock for long term, unless you want to bet on some short term reversal play.

 

A stock like this will take a long time to recover....if it ever recover.

 

I hope you didn't hold onto large losses due to the rapid fall.

 

BTW, don't ask me anymore on stocks advice.

 

roger that

[Mustank]

That's what I meant, and I tot rubberpad meant, he say seastrand selling more ex than some FH properties which is less likely, silversea though really sells for more ex than most fh properties.

 

sabbie tio banned again

[Happily1986]

3 words: Location, Location, Location.

 

still don't explain why people are buzzing for the heartland developments when there are offerings (not necessarily the same GFA) in better locations.

[Raymondism]

still don't explain why people are buzzing for the heartland developments when there are offerings (not necessarily the same GFA) in better locations.

 

 

paya lebar!

[Rubberpad]

still don't explain why people are buzzing for the heartland developments when there are offerings (not necessarily the same GFA) in better locations.

 

exactly my point!!

[Rubberpad]

still don't explain why people are buzzing for the heartland developments when there are offerings (not necessarily the same GFA) in better locations.

 

i am guessing age..

 

just like cars.

 

new cars always more expensive than 2nd hand ones

 

but this defies the trend of ppty of the past

Edited April 26, 2012 by Rubberpad

[Soya]

I'm not surprised by the sudden spike in sales.

 

The buying momentum hasn't really gone away. It merely removed the aspirant buyer. I mean, look at the high hurdles today wif ABSD, SSD, 40% d/p, no DPS and many s'poreans can still buy. Meaning, the mkt is driven by those who could reallli afford to buy wif little risks to the banking system. Plus, IMF reported that the world economy is poised for growth, the risk of a china hard landing has dissipated, euro banks survived the stress tests, US economy showing signs of recovery, stubbornly high inflation rates wif equally high oil and commodity prices, professor study say we need 25000 new immigrants/year, etc, etc. If anything, i tink next month we'll see even higher sales numbers.

 

Same like COE, sales at MB & BMW macam fish market liddat despite high prices. Those who could afford not affected and onli weeded out those who were looking at cheaper cars.