Are there cheap and good condos for sale now?

Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
Post Reply
unemployed man
Newbie
Newbie
Posts: 15
Joined: Fri, 15 Feb 2008 9:57 pm

Post by unemployed man » Wed, 19 Mar 2008 10:13 pm

Yes, but the problem with this place is the location. Westwood area. Where today's papers reported that the piece of land beside Floravale had only 2 bids from developers and the highest price was $78psf. So nobody was awarded the land. After this piece of news, i think you guys should really reconsider.

Singapore Property Search

 

unemployed man
Newbie
Newbie
Posts: 15
Joined: Fri, 15 Feb 2008 9:57 pm

Post by unemployed man » Wed, 19 Mar 2008 10:27 pm

I don't know how you guys look for a condo, but for me, i would like to buy to be able to stay, to rent and finally to resell.

My pakistani friend that got a unit at the aquarius in bedok res seems very pleased. He was telling me that the new launch beside called waterfront was selling the similar type unit at $1.2mil.

I guess that would be considered and good buy at 30% off. :D
I donno but i prefer the east. Not the west.

User avatar
chixchix
Editor
Editor
Posts: 1200
Joined: Mon, 17 Jul 2006 8:05 pm
Location: NORTH POLE

Post by chixchix » Thu, 20 Mar 2008 5:16 pm

from what I heard from an agent is that Aquarius seems to be reasonable priced.
Always have a smile on that face!

User avatar
chixchix
Editor
Editor
Posts: 1200
Joined: Mon, 17 Jul 2006 8:05 pm
Location: NORTH POLE

Post by chixchix » Thu, 20 Mar 2008 5:20 pm

HI KSL,, the average price is from $430-$500 psf. However, the condo that has 2 facings.

Those units facing HDB cant demand such a high price,,selling price for 1324 sqft could be from $550k-$580k, depending on the condition of the house.

The units facing the unblocked piece of land are asking a bit higher,from $ 575k-$620k. area ranging 1324-1399 sqft.
I just went to view 1 pool view, high floor, 1410 sqft that was going at 620k.

As for the unblocked piece of land ,its been vacant for many years.According to the agents that I spoke to, they mentioned that it is unlikely that anything will be built there.

The olympic size pool is attractive. They have a shuttle bus to Boon lay.Maintenance is $189 per month, one of the lowest.

User avatar
ksl
Governor
Governor
Posts: 6005
Joined: Mon, 19 Jul 2004 8:52 pm
Location: Singapore
Contact:

Post by ksl » Thu, 20 Mar 2008 6:18 pm

chixchix wrote:HI KSL,, the average price is from $430-$500 psf. However, the condo that has 2 facings.

Those units facing HDB cant demand such a high price,,selling price for 1324 sqft could be from $550k-$580k, depending on the condition of the house.

The units facing the unblocked piece of land are asking a bit higher,from $ 575k-$620k. area ranging 1324-1399 sqft.
I just went to view 1 pool view, high floor, 1410 sqft that was going at 620k.

As for the unblocked piece of land ,its been vacant for many years.According to the agents that I spoke to, they mentioned that it is unlikely that anything will be built there.

The olympic size pool is attractive. They have a shuttle bus to Boon lay.Maintenance is $189 per month, one of the lowest.
Thanks for the informaation, I suppose one can check with the planning office or land authority on the spare land, I cannot imagine it being empty for too long. Although, if the view is spoilt, maybe the price goes down in stead of up...ask em to knock 10k off, just to cover yourself hee, hee!

I find it hard to understand, why the higher the floor, the more it costs, i hate apartment blocks!

User avatar
chixchix
Editor
Editor
Posts: 1200
Joined: Mon, 17 Jul 2006 8:05 pm
Location: NORTH POLE

Post by chixchix » Thu, 20 Mar 2008 7:42 pm

I dont know .Somehow for HDB flats, its true that as the floor goes higher ,the selling price is higher as well.

For Executice condos, I am not sure, but it has been like that. Like a 2099 sqft penthouse is going at $ 360 per sqft. :-|
Always have a smile on that face!

unemployed man
Newbie
Newbie
Posts: 15
Joined: Fri, 15 Feb 2008 9:57 pm

Post by unemployed man » Fri, 21 Mar 2008 11:40 pm

Anyone has any advise other than bedok reservoir in the east side that you can still get condos below $700psf? I am looking around the east, much appreciate it.

Jens
Member
Member
Posts: 26
Joined: Mon, 23 Jul 2007 10:32 pm

Post by Jens » Tue, 25 Mar 2008 5:33 pm

Offering price and eventually transferred price is showing huge gaps especialyy at this point in time...

so don't fall for it...

User avatar
chixchix
Editor
Editor
Posts: 1200
Joined: Mon, 17 Jul 2006 8:05 pm
Location: NORTH POLE

Post by chixchix » Wed, 26 Mar 2008 9:20 am

I am not sure if Hougang is considered East but The Florida is another reasonable priced condo with huge house area.
Always have a smile on that face!

unemployed man
Newbie
Newbie
Posts: 15
Joined: Fri, 15 Feb 2008 9:57 pm

Post by unemployed man » Wed, 26 Mar 2008 9:49 am

I went to take a look at this project called Savahna at simei, looks good but too faraway. Prices not cheap either.

Looks like bedok reservoir has more food places and a nice water front. Heard that theres gonna be a new MRT line there as well. Thing is aquarius is a bit old looking, have any of you guys seen Baywater?

User avatar
chixchix
Editor
Editor
Posts: 1200
Joined: Mon, 17 Jul 2006 8:05 pm
Location: NORTH POLE

Post by chixchix » Wed, 26 Mar 2008 11:10 am

ehehhee i havent seen the condos there.
Always have a smile on that face!

Guowei58
Member
Member
Posts: 27
Joined: Tue, 15 Jan 2008 2:39 pm

Market becoming soft

Post by Guowei58 » Thu, 27 Mar 2008 9:46 am

Singapore Luxury Home Prices May Fall 32% by 2010, Times Says
2008-03-26 20:12 (New York)


By Jean Chua
March 27 (Bloomberg) -- Singapore luxury home prices may fall as much as 32 percent from their 2007 peak by 2010, the Business Times reported, citing Nomura Research.
Average prices will fall 17 percent this year, 10 percent in 2009 and 9.3 percent in 2010 as rental growth slows and the number of unsold units increases, the newspaper said, citing the Nomura Research report.
Prices may have fallen about 5 percent in the first two months of this year, the newspaper said.

unemployed man
Newbie
Newbie
Posts: 15
Joined: Fri, 15 Feb 2008 9:57 pm

Post by unemployed man » Sat, 29 Mar 2008 8:43 pm

So, what you are saying is do not buy luxury condos? Is that your point?

CarBaby
Newbie
Newbie
Posts: 8
Joined: Fri, 25 Aug 2006 4:51 am

Post by CarBaby » Mon, 31 Mar 2008 5:46 am

unemployed man wrote:You guys are quite negative but conservative. At least you wouldn't lose any money in this market. For me, i am hunting around for bargains cause i wouldn't want to start fighting for good buys when the sky clears.

I understand the basis of property that what goes up must come down. Problem is, i will stay here for quite sometime so renting is not really good for me. Plus, my jobscope is IR related and i seriously see the potential of what will become of this red dot.

I am in fact looking around the east coast region for a year already, especially near marina bay. I have seen the prices of a 2bd unit of the sail go from 900k to 2.5mil. Now the same type of unit is still around 2-2.3mil. Still waiting, but how low can it go? I'd rather go look somewhere else. It least somewhere i can afford.
I have posted this 23-Jan-2008, here is my view

Singapore property downturn has overlong lasting from 1997 until 2007 then pick up in about 30%. for those people who are interested in long term investment in property, better buy now since the market has slow down a bit before it is too late.. don't expect for fall 20% from the current level, that is history.... for district 9 Dhoby Ghaut MRT, river valley area.

all future near MRT condo are selling $1000 up (minimum) so dun't expect district 9 to come any closer to this range....

with the economy slowing down, investment in share market has taken a bitten, US interest rate cut of 0.75 percent to 3.5%....smart people will transfer their money investment to a save heaven which is property sector in singapore which has not been raisen so much as compare to those asian countries...about 30% for 2007....

singapore has attracted new investment and created another 8000 new jobs in the last quarter of 2007. more foreign are expected to come into singapore. Even more jobs creation when the casino start to operate, more foreigner will come into singapore....singapore infractstucture have improved since 1997 and the proper market has slowed down for about 10 years, year 2007 is the first year proper market pick up, it will not die down so soon..... mininum expect to grow for at least 5 - 10 years. as long as economy grow, property price will increase accordingly. Even with a higher inflation rate, property price will grow faster that means (economy + inflation) rate together....

anyone who handle building project know that the copper, sand, raw material has increase more than 200%, labour cost, land price has increased alot, a 30% jump in property price in auctual fact nett off all those cost, it is only an increase of less than 10%..

i am happy to say that the down turn in the US property market has created a non-bubble property market trend in singapore, a steady growth.....why i say so ? just imagine if the US economy is going to boom for any 2 more years......until 2009..... what happen to singapore property market ? 30% increase in 2007... 35% increase in 2008.... 40% increase in 2009..... this is a TRUE BUBBLE....

-jt-
Member
Member
Posts: 37
Joined: Thu, 27 Mar 2008 2:01 pm

Post by -jt- » Mon, 31 Mar 2008 8:58 am

are there any studio type condo's in singapore? the broom closet type.

im really looking for a cheap condo to buy.

lets say the price is 550k. what would the initial cash out be? and what would be my avg monthly mortgage payments? if lets say its a 30 year loan?

what are the terms here in singapore for condo's? i understand for hdb its 10 percent down. and you can use your cpf to pay for the down and the monthly can i do the "cpf" thing for a condo?

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Property Talk, Housing & Rental”

Who is online

Users browsing this forum: No registered users and 8 guests