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the fact remains
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« on: 07 June 2009, 4:06:48 am » |
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Is it true that the Sail prices have risen over last 2 weeks ?
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ExpatSingapore Message Board
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« on: 07 June 2009, 4:06:48 am » |
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...k
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« Reply #1 on: 07 June 2009, 9:38:46 am » |
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more than most would admit
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good deal
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« Reply #2 on: 07 June 2009, 11:12:39 am » |
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Yes, you could have gotten a good deal 3-4 weeks ago (bay facing units were about $1800 PSF). Now they are about $2000-2400 PSF. Very expensive by expat standards.
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Agent ZYX (Turncoat)
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« Reply #3 on: 07 June 2009, 11:41:29 am » |
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Property in Singapore is not selling.
Many new developments remain empty, other have rented at extraordinarily low rents to give the appearance of normality.
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Expat ZYX (turncoat)
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« Reply #4 on: 07 June 2009, 12:11:19 pm » |
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corrected:
Property in Singapore is selling far better than many expected, and take-up rates are back to 2007 levels (albeit at 30-40% lower prices). This surprised me and many of the other bears on this board, but I am the only one to change my tune.
Many new developments are filling up quickly, including Cosmopolitan, Paterson Residence, Arc at Draycott, Rivergate, NOMU, Suites at Central, and The Sail. Older projects offer better deals for rental as many expat tenants have the same budget as they did 2 years ago, therefore have been choosing to upgrade their accommodation when their current leases expire.
Have a nice day.
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boo hoo
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« Reply #5 on: 07 June 2009, 12:43:23 pm » |
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rents are still falling big time... its still driven by speculation. I guess the solution to the old bubble is to inflate a new one and draw another round of suckers in....
...having said that, am taken aback by the recent rally in stocks and real estate, but its a momentum play, and I see a pretty big correction down the road. But not complaining in the meantime as I've been selling out into this rally, and my (small) stock portfolio's more than breakeven now
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Kubes.SG
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« Reply #6 on: 07 June 2009, 13:42:24 pm » |
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There are three types of prices for SG private property: 1) the optimistic and inflated asking price of the seller 2) the hyped-up word-of-mouth misinformed and distorted price 3) the actual selling price Here is the analysis of the psf selling price of The Sale based on actual lodged caveats. Recall that this is the low quality development that our our little friend JBA has bet her future on. According to one of the leading online real estate DBs the number of The Sail properties for sale is as follows: TOTAL PROPERTIES FOUND: 634
1 2 3 4 5 6 7 | Next The same DB shows the following number of units for lease" TOTAL PROPERTIES FOUND: 380
1 2 3 4 | Next Of course there are some duplicates on the list, but given the massive supply for sale or rent it is impossible to see prices doubling in 12 months JBA reckons and has bet her future on. |
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The object in life is not to be on the side of the Majority, but to escape finding oneself in the ranks of the Insane.
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poor baby kubes
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« Reply #7 on: 07 June 2009, 13:48:09 pm » |
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Not sure why you insist on posting useless data. You always tend to haul out some worthless chart of past caveats so you can sucker in some poor expat into buying into your garbage.
As I have told you many times before, a caveat is only lodged AFTER a sale is completed. Even then, it often takes the banks and lawyers weeks longer than that to actually fill out the paperwork. Therefore, for a caveat to appear in your graph, it is a MINIMUM of 12 weeks after the actual transaction date when the price was agreed.
Similarly, as I am sure you know, there is a significant premium paid for bay-facing units at this project. Therefore, until such time as you bother posting a proper analysis of these units` transaction prices, we will all continue to assume that you are wasting everyone`s time with your useless bleating.
Thanks for playing though.
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Kubes.SG
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« Reply #8 on: 07 June 2009, 14:03:28 pm » |
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Ok Show us the realtime evidence and proof that the prices at The Sail have increased 30% in the last month or two. EVIDENCE - where is it?
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« Last Edit: 07 June 2009, 19:56:25 pm by BoardManager »
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The object in life is not to be on the side of the Majority, but to escape finding oneself in the ranks of the Insane.
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poor baby kubes
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« Reply #9 on: 07 June 2009, 14:06:34 pm » |
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Ok dickhead. Show us the realtime evidence and proof that the prices at The Sail have increased 30% in the last month or two. EVIDENCE - where is it?
sorry baby, i have already posted details on transacted prices for bayfacing units over the last 30 days. if you don`t believe it, go do the research yourself... i can't believe you posted data on transactions done in january and tried to pass it off as today's prices.  weak. typical kubes... |
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the fact remains
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« Reply #10 on: 07 June 2009, 16:10:12 pm » |
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The data tells no lies.
We are entering a bad recession, it will be interesting to see the chart over the next year.
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off topic
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« Reply #11 on: 07 June 2009, 16:12:53 pm » |
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Please post in recession thread. This does not pertain to this thread. Thanks.
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the fact remains
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« Reply #12 on: 07 June 2009, 16:22:04 pm » |
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I am the OP trying to get a feel for the prices at the Sail. I like to use the Sail as a benchmark for everything else since it is one of the most high profile projects in recent years.
I am the OP, Its MY thread. Dont tell me to go post elsewhere
Simply stating that the data charts tells us the facts better than a silly bulls vs bears catfight.
The fact remains - whatever the bulls or bears say, the actual data is the truth.
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llllloser
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« Reply #13 on: 07 June 2009, 17:38:17 pm » |
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What data charts....the current data has only been posted by in other threads. Why are you harping on about outdated data is beyond me as it only makes you look stupid. I believe at least 3 other posters have informed you that actual transacted prices have exceeded $2000 PSF for bay facing Sail units in the last 30 days. thanks for listening. I am the OP trying to get a feel for the prices at the Sail. I like to use the Sail as a benchmark for everything else since it is one of the most high profile projects in recent years.
I am the OP, Its MY thread. Dont tell me to go post elsewhere
Simply stating that the data charts tells us the facts better than a silly bulls vs bears catfight.
The fact remains - whatever the bulls or bears say, the actual data is the truth.
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ardmore park
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« Reply #14 on: 07 June 2009, 17:55:48 pm » |
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The Sail is a little bit too new and 'trendy' to be a good benchmark for the entire market. A better measuring stick is Ardmore Park. Commonly accepted as one of THE best condos, despite being more than 10 years old. At the peak, units traded for $2,600-2,800 per sq.ft. Late last year, a few units apparently sold for $1,750-1,850 per sq.ft. Now, impossible to get units for less than $2,000 per sq.ft. I am the OP trying to get a feel for the prices at the Sail. I like to use the Sail as a benchmark for everything else since it is one of the most high profile projects in recent years.
I am the OP, Its MY thread. Dont tell me to go post elsewhere
Simply stating that the data charts tells us the facts better than a silly bulls vs bears catfight.
The fact remains - whatever the bulls or bears say, the actual data is the truth.
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