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Record Breaking Bid for NEW Tampines DBSS 2

Ivan_06

By Ivan_06,
in Lite & EZ

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Damienic

Damienic

5th Gear
(edited)

well, its even higher than Natural Loft DBSS at Bishan... where the top 5 rm flat units were going at 735k.... 1st floor 5 room flat starts from 600k.... [knife]

 

come on, those who are banging on living in tampines will surely be put off by this crazy bidding price...

 

Natura loft and City View high price are still reluctantly acceptable as they are in a reasonably favourable location...but for this??? a 5rm unit at tampines for over 700k??? [knife]

Edited by Damienic
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Jp66

Jp66

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Natura loft and City View high price are still reluctantly acceptable as they are in a reasonably favourable location...but for this??? a 5rm unit at tampines for over 700k??? [knife]

This is not a good sign [thumbsdown] . Bubble burst when price escalate too fast. [lipsrsealed]

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Alpha78

Alpha78

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Let the bubble burst... then again, it seems like Singaporeans are the ones who lose out. Foreigners generally write off these money as rental for the years they will live here.

 

Seems like a vicious cycle, if all the foreigners / PRs leave, what happens to the housing prices?

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Ivan_06

Ivan_06

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(edited)

Seems big players are not interested in DBSS, why? [confused]

 

coz DBSS is essentially HDB flats.. the big players are more interested in condos and other private property where the sky is the limit...

 

rem DBSS is HDB flat with 8k income ceiling.. big players not interested in such small money one...

 

say FEO, mass market condo Centro in AMK is averaging >$1000psf.... :D profit margin is way more!

Edited by Ivan_06
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Happily1986

Happily1986

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when it comes to ur turn to buy HDB, be prepared to pay 500k for punggol new flats [knife]

 

but seriously my married cousins told me that if my gf and i are set for each other, we should get a flat soon. After all, they only require you to get married like 5 years after you exercise the sales option right? That's my impression from my buddy's experience. Kindly enlighten me if i am salah.

 

next time maybe 4 room flat going for 600k? (resale) [bigcry] [bigcry]

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Happily1986

Happily1986

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coz DBSS is essentially HDB flats.. the big players are more interested in condos and other private property where the sky is the limit...

 

rem DBSS is HDB flat with 8k income ceiling.. big players not interested in such small money one...

 

say FEO, mass market condo Centro in AMK is averaging >$1000psf.... :D profit margin is way more!

 

agreed. i think the market for DBSS is artificially restricted. Btw the 8k ceiling applies for a DBSS owner who decides to sell it on resale market right?

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Ivan_06

Ivan_06

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(edited)

agreed. i think the market for DBSS is artificially restricted. Btw the 8k ceiling applies for a DBSS owner who decides to sell it on resale market right?

 

nope... doesn't apply.. that's why you see resale flats prices escalating....

 

resale 5 room flats in Queenstown (less than 10 yrs old) averaging 700k.... [rifle] its only 110sqm...

some HDB flats can even hit 900k...

 

PRs can buy resale. no problem.

Edited by Ivan_06
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Happily1986

Happily1986

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nope... doesn't apply.. that's why you see resale flats prices escalating....

 

resale 5 room flats in Queenstown (less than 10 yrs old) averaging 700k.... [rifle] its only 110sqm...

some HDB flats can even hit 900k...

 

PRs can buy resale. no problem.

 

yes i have heard about it. PRs who are either dumb or have too much cash to burn. Plus nowadays, HDB is essentially practising a reactive demand policy, i think my generation is screwed.

 

PRO BONO?? I think my future is dim. [bigcry]

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Ivan_06

Ivan_06

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but seriously my married cousins told me that if my gf and i are set for each other, we should get a flat soon. After all, they only require you to get married like 5 years after you exercise the sales option right? That's my impression from my buddy's experience. Kindly enlighten me if i am salah.

 

next time maybe 4 room flat going for 600k? (resale) [bigcry] [bigcry]

 

yes cos generally, you need to wait about 4-5 yrs before your flat is completed for normal HDB flats... by then just get ready your ROM cert... its that easy..

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Ivan_06

Ivan_06

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yes i have heard about it. PRs who are either dumb or have too much cash to burn. Plus nowadays, HDB is essentially practising a reactive demand policy, i think my generation is screwed.

 

PRO BONO?? I think my future is dim. [bigcry]

 

 

just to fill u in

 

for Toa Payoh, the 5 room flat just next to the Peak

 

143 Lor 2 Toa Payoh 06 to 10 110.00

Improved 2002 $632,000.00 Jul 2010

 

low floor also cost $632k.... 110sqm... 8 yrs old flat... that makes DBSS a reasonable buy... cos essentially its still cheaper than resale...

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Tarzan666

Tarzan666

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i already bought... but its at Toa Payoh DBSS [knife]

 

way better than some ulu ulu Tampiness [knife] [knife]

 

Lu siao bo..tampines ulu...when last time u come tampines?

Here got 3 big shopping centres ah...which estate u can find 3 big shopping centre in 1 area?

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Ivan_06

Ivan_06

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(edited)

Lu siao bo..tampines ulu...when last time u come tampines?

Here got 3 big shopping centres ah...which estate u can find 3 big shopping centre in 1 area?

 

 

the resale prices for tampines 5room flats (very very big ones 130+/-sqm built in the 90s) are generally 450+k....

 

dun see the relevance of buying DBSS in tampiness, might as well buy resale... cheaper and bigger!!!

 

singapore-map-metro-big.gif

 

ulu in the sense, the location is very far off.. right in the eastern part of singapore.. only good thing is when you want to go expo and singapore airport...

 

 

likewise, boon lay got super big jurong point now.. but still i consider it ulu because of location...

 

location is a primarily factor in deciding whether a place is ulu or not in singapore.

 

i consider the following places ulu (in terms of location and accessibility to other parts of singapore)

- Bukit Panjang / Choa Chu Kang / Yew Tee area

- Jurong West / Boon Lay

- Pasir Ris / Tampines / Simei

- Punggol / Woodlands / Sembawang / Marsiling / Kranji

 

some forumers might not agree, but one look at the resale prices you will know already.

another thing, just look at the map above will do as well.

 

The circle line wasn't constructed for no reason... it also spells the demographics of the various neighbourhood in Singapore... just look at the neighbourhoods enclosed within the circle line, check it up on HDB resale prices... its very transparent for all to see..

 

Edited by Ivan_06
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Dj_spike

Dj_spike

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(edited)

i already bought... but its at Toa Payoh DBSS [knife]

 

way better than some ulu ulu Tampiness [knife] [knife]

 

Please find out first b4 u talk... which residential area got 3 shopping centre <_<

Edited by Dj_spike
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Ivan_06

Ivan_06

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Please find out first b4 u talk... which residential area got 4 shopping centre <_<

 

well, if that's what you perceive to be... then be it..

 

in singapore, location counts...

 

that's the reason why despite of no shopping centres in the residential area,

Queenstown flats command one of the highest resale value

 

its the ease of accessibility various parts of singapore...

 

 

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