$2,000 psf 99 yr Condo in Tiong Bahru

[Zze121]

They can market $2k psf, question is will it sell. Heard from an agent friend that property market not that hot anymore. Sky Habitat, D Leedon, Interlace, these few projects got plenty of leftover.

Today, Hougang new launch Midtown already hit over 1400psf liao.

[Wyfitms]

Today, Hougang new launch Midtown already hit over 1400psf liao.

 

wow, who's the developer?

 

They must have surveyed that upgraders in Hougang are high income earners

[Sp4wn]

Today, Hougang new launch Midtown already hit over 1400psf liao.

 

think it's getting out of hand. that price is unrealistic for hougang man ...

[Zze121]

wow, who's the developer?

 

They must have surveyed that upgraders in Hougang are high income earners

Is by Oxley-Lian Beng Pte Ltd.

[Wyfitms]

Is by Oxley-Lian Beng Pte Ltd.

 

garang sia...

 

they now set the standard in hougang!

[Neost]

If developers are getting the land thru govt land sales at close to S$1000psf, not way that they are going to sell below S$1500psf. And we are only talking about breakeven and not even earning a decent profit for the risk they take to build houses.

 

So, who is the main cause of home prices sky rocketing? Although there is another school of thoughts that says that even if the developer is getting the land cheap, they may not sell cheap as well. For this I said, let the market judge the developer. The least we can is to minimise the opportunity for the developer to jack up the housing price.

 

 

[Acemundo]

If developers are getting the land thru govt land sales at close to S$1000psf, not way that they are going to sell below S$1500psf. And we are only talking about breakeven and not even earning a decent profit for the risk they take to build houses.

 

So, who is the main cause of home prices sky rocketing? Although there is another school of thoughts that says that even if the developer is getting the land cheap, they may not sell cheap as well. For this I said, let the market judge the developer. The least we can is to minimise the opportunity for the developer to jack up the housing price.

developers are profited oriented entities run by rational folks. if every condo is sellable at such high pricing, why would they adopt a cost plus type of pricing approach rather than market pricing driven approach.

 

a good example is the piece of land in jalan lempeng, off clementi avenue 6. it was bidded at considerably lower price because the GLS took place earlier. but still the prices during launch have been marked to market .

[Neost]

developers are profited oriented entities run by rational folks. if every condo is sellable at such high pricing, why would they adopt a cost plus type of pricing approach rather than market pricing driven approach.

 

a good example is the piece of land in jalan lempeng, off clementi avenue 6. it was bidded at considerably lower price because the GLS took place earlier. but still the prices during launch have been marked to market .

 

 

Then got money don't buy house liao. Quick buy the shares of the developer.

[Acemundo]

Then got money don't buy house liao. Quick buy the shares of the developer.

 

problem is share prices of developers doesn't directly correlate to their profitability.

[Passat57]

value added is a misnomer actually.

 

no property can itself add value to itself. more like it is the demand and supply and change of government policies that makes a property more or less valuable. if we assume no change in government policies, then location is the chief determinant of demand. age is probably the second determinant. yes there are demand for FH i agree but that is not the same as saying FH status is value adding. but do bear in mind where age of property is concerned, it does not have a straight line effect on value. and also a new LH99 property is in fact more in demand than an aged FH property.

 

location as the chief determinant of demand will hold even for future but however, location cannot overcome effects of government policies changes, that is for sure.

 

 

 

As 99LH gets to their end of lease, and no enbloc, the owners will then have to prepare to tear down their building to return the original land to government, correct?

[Acemundo]

yep of course......you need not look further.....actually I saw some advertisement of leasehold landed that is selling very cheap mainly because of their short lease left.

 

it is not that I don't believe leasehold 99 can't depreciate. more like I am saying the depreciaton is definitely not straight line and there's no need to pay a premium for FH over a relatively new LH99 nor settle for a poorer location FH .

[Watwheels]

I do not think they have got chun chun 99years left. Skali 10-20+years gone & left like 70+years. Boh hua. Investment ok.