Property Views

[sleepy]

Caveat

[TheAnswer]

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/

Thanks. Interesting..
But if we want choice units also not much discount right?

[TheAnswer]

Lakeville wont be affected cos it is in Jurong… anyway we got discount on choice unit also…

[TheAnswer]

If got developer give discount, TA and hubby will chiong and buy sale item :evil:

Anyway shopping around now..

[ngl2010]

sleepy:

ngl2010:

How much is the fine?

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

:thankyou: Sleepy.

[starlight1968sg]

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?

1) I THINK it is possible to pay all but noting that you can't sell straight away and other reasons, many choose to take a loan with a min period. I think one can only sell when it is TOP which will be a few years away from signing on the dotted line.
2) Again I have no experience in this but suppose you borrowed from HDB say 500k including the accrued interest and you sold your flat at 600k. I guess you can pocket the 100k.

I think the housing agent would know the best.

[Coolkidsrock2]

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.

They did lelong choice units in the last 2 down cycles. They held on to choice units hoping to sell higher. Unfortunately crisis struck and had to sell cheap.

[wonderm]

Coolkidsrock2:

sleepy:

[quote=\"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.

They did lelong choice units in the last 2 down cycles. They held on to choice units hoping to sell higher. Unfortunately crisis struck and had to sell cheap.[/quote]I remembered that too. But it hasn't happened (in a big way) this round though, not sure if it just hasn't happened yet, or it won't happen this time. That's the \"hundred thousand dollar\" question

[starlight1968sg]

Agents from one of the big developers said "die die wont give discount to the leftover units".

Possible?

[lee_yl]

Coolkidsrock2:

sleepy:

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.

They did lelong choice units in the last 2 down cycles. They held on to choice units hoping to sell higher. Unfortunately crisis struck and had to sell cheap.

The developers not just lelong the balance units, the lelong was meant to unload as many units as possible as most of the projects on the market then had less than 50% take up rate.

Our first FH property in D11 was bought in 2002 from the developer at $5xx psf. Stamp duty was absorbed, the caveat lodged was much higher to make it look nice on paper (for this developer) and we had a lump sum cashback from the developer under the table.

2nd FH property in D12 was purchased in year 2006. The price we paid for a resale unit was exactly the same price the owner paid 15 years back when she bought from the developer at $3xx psf.

So the million dollar question is, \"Will the good old days of lelong be back again?\" I think so, a matter of time. Because i have transacted at dirt cheap prices before, i will just 忍 all the way until I see at least 40% off the peak.