Properties info

[lukeber]

Singapore Property Q2, 2024 new launch

Half of the new launch is in CCR

[Throttle2]

  On 3/29/2024 at 10:21 AM, lukeber said:

HDB transactions above $1.2m

Serangoon HDB flat shatters estate record, sells for $1.2m

Source: https://www.asiaone.com/money/serangoon-hdb-flat-shatters-estate-record-sells-12m
Serangoon EXE HDB is the first $1.2 million sale in town

Located at 321 Serangoon Avenue 2, this property fetched a price slightly exceeding the S$1.2 million mark, settling at S$1.208 million.

Situated somewhere between the 7th and 9th floors, this HDB flat has three bedrooms and two bathrooms, similar to the layout of a five-room flat. However, what sets it apart is its expansive living area, which offers the versatility of conversion into a study room, maid’s room, or even an additional bedroom.

Spanning 1,615 sq ft, this property’s price per square foot (psf) stands at approximately S$747. Despite its spaciousness and prime location, this unit TOP-ed in 1989, leaving about 60 years and 11 months of lease remaining.

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let me guess , bought by old folks who cashed out or retiring , or bought using the money of older folks who cashed out or are retiring.

Good Luck Singapore Good Luck.  

[Kklim]

  On 4/1/2024 at 4:35 AM, Throttle2 said:

let me guess , bought by old folks who cashed out or retiring , or bought using the money of older folks who cashed out or are retiring.

Good Luck Singapore Good Luck.  

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Don't forget the en bloc millionaires 

[mersaylee]

That's the dilemma...millionaires downgrade to hdb with their multimillion dollah sale of landed homes find hdb at 1mil a pop is a steal...other hdb owners see oredi eyes red red also asking same same regardless...buyers see all asking prices in the market macam is liddat one...just to start a new life so boh pian have to settle at a price close to the asking in order to close the deal...then have to deal with high loan long tenure repayment period...GL to my grand descendants...😅

[Throttle2]

  On 4/1/2024 at 7:39 AM, mersaylee said:

That's the dilemma...millionaires downgrade to hdb with their multimillion dollah sale of landed homes find hdb at 1mil a pop is a steal...other hdb owners see oredi eyes red red also asking same same regardless...buyers see all asking prices in the market macam is liddat one...just to start a new life so boh pian have to settle at a price close to the asking in order to close the deal...then have to deal with high loan long tenure repayment period...GL to my grand descendants...😅

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Nah nah nahh,  let me correct that, real true millionaires will never need to downgrade to hdb. 🙄🤣😁

 

[mersaylee]

  On 4/1/2024 at 8:02 AM, Throttle2 said:

Nah nah nahh,  let me correct that, real true millionaires will never need to downgrade to hdb. 🙄🤣😁

 

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I know a few did and a few more planning to...one common trait is...very stingy on nitty gritty...😂

[Throttle2]

  On 4/1/2024 at 8:09 AM, mersaylee said:

I know a few did and a few more planning to...one common trait is...very stingy on nitty gritty...😂

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Like i say, those are not real true millionaires.   

[mersaylee]

  On 4/1/2024 at 8:11 AM, Throttle2 said:

Like i say, those are not real true millionaires.   

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Simi is true blue...?

[Throttle2]

  On 4/1/2024 at 8:12 AM, mersaylee said:

Simi is true blue...?

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Definitely dont have to resort to buying hdb to live so as to have $2-3mil left to retire. 😂😂🤣🤣😂

 

[mersaylee]

  On 4/1/2024 at 8:14 AM, Throttle2 said:

Definitely dont have to resort to buying hdb to live so as to have $2-3mil left to retire. 😂😂🤣🤣😂

 

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No lah...they just belong to the cat brand...almost habitual to save save save...and more...nothing wrong there...😂

[Throttle2]

  On 4/1/2024 at 8:18 AM, mersaylee said:

No lah...they just belong to the cat brand...almost habitual to save save save...and more...nothing wrong there...😂

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So they have tens of miilions?

Then thats even dumber

😂😂😂😂

[mersaylee]

  On 4/1/2024 at 8:29 AM, Throttle2 said:

So they have tens of miilions?

Then thats even dumber

😂😂😂😂

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No dump no dumb...free world... own race...to each his own...happy can liao...just that the non millionaire have to suffer the collaterals...as always...😅

[13177]

  On 4/1/2024 at 7:39 AM, mersaylee said:

That's the dilemma...millionaires downgrade to hdb with their multimillion dollah sale of landed homes find hdb at 1mil a pop is a steal...other hdb owners see oredi eyes red red also asking same same regardless...buyers see all asking prices in the market macam is liddat one...just to start a new life so boh pian have to settle at a price close to the asking in order to close the deal...then have to deal with high loan long tenure repayment period...GL to my grand descendants...😅

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So many private owners downgrade to HDB?! 😅

[13177]

  On 4/1/2024 at 8:02 AM, Throttle2 said:

Nah nah nahh,  let me correct that, real true millionaires will never need to downgrade to hdb. 🙄🤣😁

 

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True, millionaires and rich people who stay in private in their whole life would never downgrade to stay in hdb. Unless they become bankrupt then no choice. 😅

[mersaylee]

  On 4/1/2024 at 12:28 PM, 13177 said:

So many private owners downgrade to HDB?! 😅

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Not many but enuf to haywire the market...mop 4 rm public pigeon hole at a million dollah? 😂

[Volvobrick]

  On 4/1/2024 at 12:29 PM, 13177 said:

True, millionaires and rich people who stay in private in their whole life would never downgrade to stay in hdb. Unless they become bankrupt then no choice. 😅

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I think there are many types lah. Some want to have more cash to spend so cash out private property makes sense. No point hanging on but no cash to sustain lifestyle for them. 

[Throttle2]

  On 4/1/2024 at 12:34 PM, Volvobrick said:

I think there are many types lah. Some want to have more cash to spend so cash out private property makes sense. No point hanging on but no cash to sustain lifestyle for them. 

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Yes of course they want to have more cash to spend, and thats why they not not real true millionaire loh…..as 13177 has also explained.

[Volvobrick]

  On 4/1/2024 at 1:52 PM, Throttle2 said:

Yes of course they want to have more cash to spend, and thats why they not not real true millionaire loh…..as 13177 has also explained.

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He said only when bankrupt then the rich would downgrade their homes. I don't quite agree. I have friends and relatives downgrading to release cash to spend happily. Which I think it's a wise move.