Property Views
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Calling price and transacted price are not same…maybe some trying to call for higher price then drop it to a more realistic price, we don’t know also.
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doodbug\" post_id=\"2130500\" time=\"1709955606\" user_id=\"13281:
There is no right or wrong timing.
I probably committed at a wrong timing (2023).
But we just have to make a decision that meets the family's needs at that point in time. Not possible to always catch the market or maximize returns....
I bought mine at a high price too but we need it at that time. As long as we are not flipping the ppty, who cares whether the place we are living worth x mil or ZERO. -
lee_yl\" post_id=\"2130487\" time=\"1709952019\" user_id=\"17023:
Cuscaden Reserve sells 45 units by private placement; prices from $2,823 psf
https://www.straitstimes.com/business/cuscaden-reserve-gets-absd-deadline-extension-relaunch-prices-start-at-2900-psf
I thought property market might drop by 20% if the poor economic times persist for the next few years. Did not expect 20% price slash come so soon.
This shows the property cooling measures are working.
https://www.google.com/amp/s/www.edgeprop.sg/amp/property-news/cuscaden-reserve-sells-45-units-private-placement-prices-2823-psf -
Coolkidsrock2\" post_id=\"2130808\" time=\"1710649379\" user_id=\"48901:
Very encouraging figures! $2,823 PSF is a good buy for today’s market!! It shows if pricing is reasonable, there will be buyers waiting to enter the market.
Cuscaden Reserve sells 45 units by private placement; prices from $2,823 psf
https://www.google.com/amp/s/www.edgeprop.sg/amp/property-news/cuscaden-reserve-sells-45-units-private-placement-prices-2823-psf
More than 80 cheques collected over the weekend, only 45 went through. Maybe some buyers put up even lower offers and got rejected by developers?
Personally I feel that it’s better than spending $$2400-$2500psf for those 99yr Lentor condos last year.
The piece of land opposite Cuscaden Reserve was sold $1616 psf ppr under GLS. There is a risk the opening price of the new project maybe lower than $2823psf depending on the economical situation in the near future. -
https://www.straitstimes.com/business/cdl-joint-venture-bids-1106-billion-for-zion-road-gls-site-but-analysts-say-it-is-below-expectations
“ analysts say this lone bid for Zion Road parcel A, which reflects a land rate of $1,202 per sq ft per plot ratio (psf ppr), is below market expectations and shows CDL’s cautious stance…”
In year 2020, CDL paid $1,515 PSF PPR for a plot of land where the project, Irwell Bank is currently being constructed, which is diagonally across the above Zion Road plot.
In just 4years, the land price dropped around 20%? Wonder why HDB resale is still continuing to break record high prices. It is not a normal situation, mispricing somewhere in the property market….
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