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Mercs: property news & updates

Mercs

By Mercs,
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Mercs

Mercs

Hypersonic
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https://www.businesstimes.com.sg/real-estate/singapores-property-market-can-withstand-the-impact-of-covid-19

Singapore's property market can withstand the impact of Covid-19

 

(The majority of residential sellers are expected to be able to withstand downward price pressure. Buyer demand for homes remains healthy and could resurface as pent-up demand when the epidemic is over.)

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Enye

Enye

Hypersonic
14 minutes ago, Silver_blade said:

Make sense otherwise prices will be too high for most family.

wah ironically they want peasants to have more kids....with higher housing prices and less living spaces 

😏😬

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Showster

Showster

Twincharged
4 minutes ago, Enye said:

wah ironically they want peasants to have more kids....with higher housing prices and less living spaces 

😏😬

Same price, less space.

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Mercs

Mercs

Hypersonic
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2 hours ago, Silver_blade said:

Make sense otherwise prices will be too high for most family.

Agree, units getting smaller ... but property prices keep going higher.

Which is also why I've often mention ... 'go resale for better value'

Be it HDB/PTE resale offers more space yet for less money ... more bang for the buck.

:D

 

 

 

 

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Newbie26

Newbie26

Hypersonic
17 hours ago, Mercs said:

https://stackedhomes.com/editorial/district-gains-loss/

We Ranked Every District By How Much They’ve Gained (Or Lost) – Here Are The Results

Interesting read

However, many confounding factors, so ranking and profits/losses need to look at individual factors or development

For e.gs,

D2 drop in price (2600 to 2300pfs) over 4 years, do not take in account the floor as these CBD condos are mostly skyscrapers (10th floor vs 60th floor), price difference is huge 

D13 price, changed because of  recent transactions of 2 units etc

Learn the term "endowment"

"Beat the ‘Endowment’ Effect

If you haven’t already heard about it, the ‘endowment effect’ is a common scenario in which someone refuses to part with any of his/her possessions due to emotional bias."

Thought read somewhere some gurus are saying,

the best properties are to be kept and never to be sold.

 

 

 

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Mercs

Mercs

Hypersonic
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5 hours ago, Newbie26 said:

Interesting read

However, many confounding factors, so ranking and profits/losses need to look at individual factors or development

For e.gs,

D2 drop in price (2600 to 2300pfs) over 4 years, do not take in account the floor as these CBD condos are mostly skyscrapers (10th floor vs 60th floor), price difference is huge 

D13 price, changed because of  recent transactions of 2 units etc

Learn the term "endowment"

"Beat the ‘Endowment’ Effect

If you haven’t already heard about it, the ‘endowment effect’ is a common scenario in which someone refuses to part with any of his/her possessions due to emotional bias."

Thought read somewhere some gurus are saying,

the best properties are to be kept and never to be sold.

 

 

 

Thanks for sharing. Diff ppl diff perspectives and approach on profit/loss factors, for me always good to see (read) things from another angle, maybe can learn a thing or two 😉

"the best properties are to be kept and never to be sold." - in expensive SG with ever rising property prices, probably right but must be FH 😛

Here's another look on property prices in 2010/2019 for the diff districts-

 

https://stackedhomes.com/editorial/property-prices-in-2010-can-teach-you-in-2020/

Here’s What Property Prices In 2010 Can Teach You In 2020

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Mercs

Mercs

Hypersonic
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On 2/7/2020 at 11:13 PM, Mercs said:

Even at benchmark high psf EC still the hottest stuff, cheapest and most affordable to go PTE.

Still dun chiong now later miss the boat again 😉 😛

https://www.edgeprop.sg/property-news/hoi-hup-sunway-sell-316-units-parc-canberra-online-balloting

Hoi Hup-Sunway sell 316 units at Parc Canberra by online balloting

 

First weekend sales -  "316 out of a total of 496 units in Parc Canberra executive condo (EC) have been sold over the weekend. This translates to a 64% take up rate. Units were sold at an average price of $1,085 psf"

2618f3-PARC-CANBERRA-PREVIEW-CROWD-AC.jpeg

f57762-BALLTING-PAC-CANBERRA.jpeg

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Sdf4786k

Sdf4786k

Twincharged
19 hours ago, Newbie26 said:

Interesting read

However, many confounding factors, so ranking and profits/losses need to look at individual factors or development

For e.gs,

D2 drop in price (2600 to 2300pfs) over 4 years, do not take in account the floor as these CBD condos are mostly skyscrapers (10th floor vs 60th floor), price difference is huge 

D13 price, changed because of  recent transactions of 2 units etc

Learn the term "endowment"

"Beat the ‘Endowment’ Effect

If you haven’t already heard about it, the ‘endowment effect’ is a common scenario in which someone refuses to part with any of his/her possessions due to emotional bias."

Thought read somewhere some gurus are saying,

the best properties are to be kept and never to be sold.

 

 

 

I think what you meant is been greedy , yet pretend to be victim of enbloc and hence endowment "syndrome"

🤣

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