Property Views

[ngl2010]

sleepy:

Coolkidsrock2:

http://www.bloomberg.com/news/articles/ ... ket-costly

Thanks for sharing. Yes, I feel there's a lot of downside but at this point developers are not realistic yet. Not reflecting market sentiments. So many balance units but refused to adjust price.

I'm curious. Would they rather pay 'fine' for unsold units than to sell at bigger discount to buyers?

How much is the fine?

[sleepy]

ngl2010:

How much is the fine?

http://www.straitstimes.com/news/opinio ... w-20150306

[TheAnswer]

sleepy:

Coolkidsrock2:

http://www.bloomberg.com/news/articles/ ... ket-costly

Thanks for sharing. Yes, I feel there's a lot of downside but at this point developers are not realistic yet. Not reflecting market sentiments. So many balance units but refused to adjust price.

I'm curious. Would they rather pay 'fine' for unsold units than to sell at bigger discount to buyers?

If they adjust price, unfair to those who already bought.. lose credibility.. next time ppl wont buy from such developers (lelong)... they will definitely look in the long run.. it is not a once off business.. they r in this long term.. however, I m sure they have an exit plan..

Is paying 'fine' more serious or losing credibility more serious?

[TheAnswer]

Developers have extremely deep pockets and definitely good holding power.

[takchek]

Side track a little - for those who can afford it, is it better to pay off mortgage one shot or take a housing loan (and use the cash for other purposes)?


http://forums.hardwarezone.com.sg/eat-d ... 80001.html

Second question - If you use CPF to pay part of your housing mortgage, you will have to pay back with accrued interest once you sell that property. Is it possible then to NOT get a single cent back in cash when you sell the property because all the proceeds go to your CPF account?

[sleepy]

TheAnswer:

If they adjust price, unfair to those who already bought.. lose credibility.. next time ppl wont buy from such developers (lelong)... they will definitely look in the long run.. it is not a once off business.. they r in this long term.. however, I m sure they have an exit plan..

Is paying 'fine' more serious or losing credibility more serious?

That is reality. They did lelong balance units during down time in 2004 to 2006. Not something new or unknown to many buyers.
Those were not choice units obviously. buyer who booked their choice units earlier paid more than their neighbours.

Anyway, developers have not reached that 2004 to 2006 point yet in current market. However it is a fact there are many unsold units now.

Chill. Your Lakeville wont be affected if all sold.

[TheAnswer]

Last time can see how much each unit is sold? I know now can see after a few months.. if buyers want to check.. they can..

Just curious, which developer lelong that time? How much discount? Super KPO now

[TheAnswer]

Not choice units is automatically cheaper… the question is how much cheaper? Cannot be few hundred K cheaper right?

[wonderm]

TheAnswer:

Last time can see how much each unit is sold? I know now can see after a few months.. if buyers want to check.. they can..

Just curious, which developer lelong that time? How much discount? Super KPO now

http://propertysoul.com/2014/06/07/prop ... r-to-wait/

[sleepy]

Caveat