Condo Supply: Total no. of units in the pipeline.

AUNTY said:

Let me guess your occupation - surveyor, statisticians, property agents....??

Click to expand...

none of the above. I just like collecting data.

It is at Pasir Ris, still launching, $1088 psf..you should be able to guess the project...

malpaso said:

good choice, singapore always a safer bet. better environment too. mind to share which location in sg? and is it under con? what's the psf? i am collecting data . thanks.

Click to expand...

AUNTY said:

It is at Pasir Ris, still launching, $1088 psf..you should be able to guess the project...

Click to expand...

Coco Palm is now selling at $950 psf.
I am interested in the shop units..... but pricy.

But why buy such location?

AUNTY said:

IJM Land is developing a project called SEBANA COVE RESORT at an ulu place there called PENGERANG...very huge project...many low rise houses and huge sq ft...I just ask for fun since I am there...

Click to expand...

very very nice place indeed, but need to drive 2 hours into the plantation area. Its a classy quiet resort place with dock, don't need to see if its for your own stay.

AUNTY said:

It is at Pasir Ris, still launching, $1088 psf..you should be able to guess the project...

Click to expand...

thanks! and congrats on a fine purchase.

yes I was interested as looking for a unit in the east for quite some time liao. Just turned off by the ABSD and since it's not my first loan i need to prepare 40% down, so didn't go ahead. I think it's a good buy, better than JB anyway. at least the environment is guaranteed and MRT is guaranteed too. in 10 yrs time you or your tenant will have option of another MRT line to east coast or town.

shctaw said:

Coco Palm is now selling at $950 psf.
I am interested in the shop units..... but pricy.

But why buy such location?

Click to expand...

950psf are the bigger units. the smallest units were as AUNTY said 1080psf. 500k++ for one. Gone very fast.

shctaw said:

Nothing wrong...... just strange you say you go and meet tai tai.

Successful men do not rely on rich women.

You need to eat at seminars? Really tell me how successful you are.

Click to expand...

I want to be successful !! I don't need food. hehe ^o^

I am not experts like you all, I buy cos
- the project name Coco Palm is nice.
- Walkable to the condo location from Pasir Ris MRT
- All along I like Pasir Ris.
- I also like the resort style concept plus the developer is CDL. The agent say this is the best plot among all the 5 plots CDL develop.
- I also ask a friend to go on a separate visit to give 2nd opinion.
- During the preview, my number was balloted only in the afternoon. I cannot get the unit I want so I settled for a lower floor unit. All 1-bedder was sold out on the Preview Day...
- The most heart pain is the extra 7% stamp duty cos it is my 2nd property after my HDB. No choice must pay.
- The max bank loan tenor allowed is 15 years, I have to bear in mind that the loan instalment will definitely be higher than the rental so I must top up every month..(so job security comes in) + all the taxes...
- My hubby no interest in property, otherwise can share to get a 2-bedder...

After buying this, I then realized with the same quantum, I could get a landed property in Malaysia:(...but my friend say SG property is safer...

I join this forum in the hope of knowing more about Malaysian properties from experts like you all...I learn a lot from you all so hopefully some other time I have enough to buy one..

shctaw said:

Coco Palm is now selling at $950 psf.
I am interested in the shop units..... but pricy.

But why buy such location?

Click to expand...

The latest news I know is that ABSD is here to stay. It will become a permanent feature...The speaker says that most likely they will tweak will be the sellers stamp duty...

Buying Malaysian property is another way to go as the loan in certain banks are not so strict.. You all young probably can take more risks than aunties like us..Malaysia is foreign to me as I have not went in for years. My main concern is security there as I heard from Malaysians themselves about the security issues there..

malpaso said:

thanks! and congrats on a fine purchase.

yes I was interested as looking for a unit in the east for quite some time liao. Just turned off by the ABSD and since it's not my first loan i need to prepare 40% down, so didn't go ahead. I think it's a good buy, better than JB anyway. at least the environment is guaranteed and MRT is guaranteed too. in 10 yrs time you or your tenant will have option of another MRT line to east coast or town.

Click to expand...

is this MRT line connected to the Thomson Line?

malpaso said:

thanks! and congrats on a fine purchase.

yes I was interested as looking for a unit in the east for quite some time liao. Just turned off by the ABSD and since it's not my first loan i need to prepare 40% down, so didn't go ahead. I think it's a good buy, better than JB anyway. at least the environment is guaranteed and MRT is guaranteed too. in 10 yrs time you or your tenant will have option of another MRT line to east coast or town.

Click to expand...

One reason why CDL can sell at lower price was because CDL bought this piece of land years ago at a cheaper rate and of course buyers like us will have shorter lease period ...

malpaso said:

950psf are the bigger units. the smallest units were as AUNTY said 1080psf. 500k++ for one. Gone very fast.

Click to expand...

AUNTY said:

The latest news I know is that ABSD is here to stay. It will become a permanent feature...The speaker says that most likely they will tweak will be the sellers stamp duty...

Buying Malaysian property is another way to go as the loan in certain banks are not so strict.. You all young probably can take more risks than aunties like us..Malaysia is foreign to me as I have not went in for years. My main concern is security there as I heard from Malaysians themselves about the security issues there..

Click to expand...

stick to singapore properties if unsure, it's safer.

AUNTY said:

One reason why CDL can sell at lower price was because CDL bought this piece of land years ago at a cheaper rate and of course buyers like us will have shorter lease period ...

Click to expand...

ripple bay smallest unit )same size as CocoP) 418k . 3rd floor. launched a few years ago.

AUNTY said:

The latest news I know is that ABSD is here to stay. It will become a permanent feature...The speaker says that most likely they will tweak will be the sellers stamp duty...

Click to expand...

Dear Aunty, for sure ABSD is not a perm feature, but TDSR certainly is. Check these quotes & links out for prelim understanding.

http://www.iras.gov.sg/irasHome/page03a.aspx?id=14342

These new ABSDs and loan rules are significant, but they are temporary. They are being imposed to cool the market now, and will be reviewed in future depending on market conditions.

http://www.channelnewsasia.com/news/singapore/too-early-to-ease/1280068.html

Mr Menon said the measures introduced to cool Singapore's housing market can be divided into two categories – structural measures such as the total debt servicing ratio which are meant for the long term, and cyclical measures such as loan-to-valuation limits and stamp duties that can be "recalibrated according to market conditions".

RedsYNWA said:

Dear Aunty, for sure ABSD is not a perm feature, but TDSR certainly is. Check these quotes & links out for prelim understanding.

http://www.iras.gov.sg/irasHome/page03a.aspx?id=14342

These new ABSDs and loan rules are significant, but they are temporary. They are being imposed to cool the market now, and will be reviewed in future depending on market conditions.

http://www.channelnewsasia.com/news/singapore/too-early-to-ease/1280068.html

Mr Menon said the measures introduced to cool Singapore's housing market can be divided into two categories – structural measures such as the total debt servicing ratio which are meant for the long term, and cyclical measures such as loan-to-valuation limits and stamp duties that can be "recalibrated according to market conditions".

Click to expand...

Yes, i remember this editorial too. ABSD can be removed when market softens more. However, it should be at least another 2 years. Keep your bullets tightly!

Thanks for pointing it out, kind of mix up the 2...

The agent says those who bought LIVIA (near Coco Palm) 5 years ago, laugh the way to the bank...I still need to save $$ to buy furniture, partially furnished. Hmm..cannot afford any SG property all very expensive...the rest 1 bedder near MRT more expensive + lesser loan +stamp duty+taxes...

RedsYNWA said:

Dear Aunty, for sure ABSD is not a perm feature, but TDSR certainly is. Check these quotes & links out for prelim understanding.

http://www.iras.gov.sg/irasHome/page03a.aspx?id=14342

These new ABSDs and loan rules are significant, but they are temporary. They are being imposed to cool the market now, and will be reviewed in future depending on market conditions.

http://www.channelnewsasia.com/news/singapore/too-early-to-ease/1280068.html

Mr Menon said the measures introduced to cool Singapore's housing market can be divided into two categories – structural measures such as the total debt servicing ratio which are meant for the long term, and cyclical measures such as loan-to-valuation limits and stamp duties that can be "recalibrated according to market conditions".

Click to expand...

I did enquire about projects like D Inspire which has sales packages that suits people with tight cashflow, but a friend who plays KL properties say the units pricey(eg a studio at RM$500k+ before 25%rebate) so I didn't go ahead.

Yap, RNF so near ....must find $$ first

cslong said:

Since you buy for long term investment, is good to have a SG property. If you have extra cash, u can consider RnF project in JB.

Click to expand...

Just received an SMS from an agent on a Cambodia project THE BRIDGE by OXLEY - 50% CASH, 50% LOAN - 10% CASH every half year...this project no cash no talk..

AUNTY said:

Just received an SMS from an agent on a Cambodia project THE BRIDGE by OXLEY - 50% CASH, 50% LOAN - 10% CASH every half year...this project no cash no talk..

Click to expand...

You can only own properties above ground floor i.e. no land or landed properties in Cambodia. Most locals were quite poor and infrastructure was quite bad when I was there 3-4 years ago. Not sure if they can really afford the new properties.