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10,404 Turbocharged

About Damienic

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  1. Damienic

    Mercs: property news & updates

    All this news about how many unsold units there are is to frighten people as usual. Of cos there are these many unsold units...come on, how many new projects are there in Singapore currently (anything that is launched not more than 2 years ago to current)? It is absolutely normal for a project not to be 100% sold within the first two years of launch (rarely does a project get sold 100% within a year since launch even during property market boom period). Most of these projects are enjoying 70-90% take up rate within 2 years since launch and the remaining 10-30% unsold units forms the bulk of the 32,000++ or so unsold units. So long if there are not too many new launches in 2020 (which would likely be the case as there is an abundance GLS and en bloc sales in the year of 2016-2018 and such land sales are far less starting 2019 onwards), it will take just 2 years to clear majority of these 32,000 unsold units. If market is indeed slowing down that much, we wouldn't have see such encouraging sales at recent One HV launch and even rather bullish sales seen in OCR projects such as Sengkang Grand Residences and Treasure at Tampines (which more than 1000 units are sold 6 months since launch which is pretty good response for a mega project of 2200 units).
  2. Damienic

    2019 Mercedes Benz GLB (X247)

    200k can get the GLC which is higher spec than 1.3L GLB? So a bit strange to me that Vincar pricing GLB as such.
  3. Damienic

    Mercs: property news & updates

    Huat ah! See what MAS have to say after their fake news last week of many unsold units in the market..
  4. Damienic

    Mercs: property news & updates

    I would certainly love to find out from MAS which "many unsold units" they are referring to.
  5. Damienic

    Mercs: property news & updates

    Somehow buyers these days look at tenure, price and location more than quality of development itself. Jadescape by Qing Jian Realty (somewhat questionable track record for a developer) sells too.
  6. Damienic

    Mercs: property news & updates

    You will be surprised. In current market, I think 1800psf for FH in this location can sell.
  7. Damienic

    Mercs: property news & updates

    Tengah?! Seriously who wants to stay there...
  8. I believe this is applicable if the "near" is really "near", like next to it or directly opposite. Avenue South I believe is couple of streets away and effects of "neg energy" coming from hospital is negligible I think.
  9. Singhealth is expanding the SGH campus and more docs will be working there soon in their grand master plan. Anyway you might be surprised to know that many people can afford car but chose to live within walking distance or 1 mrt stop to where they work, including docs, bankers and so on. I have a doc friend who will never buy a car and his plan is to shift as conveniently as possible to where his clinic is located. Another friend who is in real estate business is making good money but chose to stay at Bain Street where his office is close by and not get a car too. So don't rule out the desirability of people wanting to stay close to where they work even if they can afford car but chose not to. Even those that have car often also like to stay near to where they work (not necessarily walking distance but within a few mrt stops).
  10. Damienic

    Most Improved Car Brands

    How about Alfa Romeo as one of the most improved car brands? The Giuglia and Stelvio, especially the latter was making waves in much of the car review column
  11. Damienic

    Greater Southern Waterfront discussion

    Avenue South is off Kampong Bahru, which is a km plus to Vivo City. Not that far. GSW is in Dist 4 and not really central region. The condos along Keppel Bay can’t really sell high too. Rem Reflections? How many people bought it at 2500psf and above and now many have to sell at a loss at below 2000psf. Skyline and Coral Keppel Bay are high in asking but can sell or not at that price is anybody’s Guess. I don’t believe Dist 4 properties are that highly sought after
  12. Damienic

    Greater Southern Waterfront discussion

    Shouldn’t be that ex. The first project in the GSW which is called Avenue South Residences is supposed to be launched at an average of 18xx psf. Preview supposed to be next Saturday and official launch the following week
  13. Damienic

    Watch Part V

    KHH sells at retail price
  14. Damienic

    Watch Part V

    Thanks. Haha, the Incredible Hulk