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Wakie Edge
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| Re: Price increasing for singapore property ! |
 29 May 08 3:42 pm |
| Anonymous wrote: |
I am a long term investor in parc emily since it launch in 2005.... can fetech high rental return value, at $1400 level near Dhoby Ghaut MRT. Do you know that wakie edge 100+ apartment is not for sale, developer are not selling those units for no reason, SMU and Casino is nearby mount sohpia emily with walking distance to MRT, new launching at nearby area between $1600 to $1773 psf for CDL and another new Sophia road development.
latest 600 sft selling $1 million new launch
wah, very tempted to sell to take profit but i think i will hold for longer term.....
future price appreciation in the mount emily and sophia area is tremendous.....watch out |
Wakie Edge is an investement project by developer lah, with retail & office space too. The apartments are service apartments lah, developer also in Service Apartment business. |
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29 May 08 7:31 pm |
Checked URA website, last transacted price at Park Infinia is $1199psf. Last year was $1700psf.
Parc Emily also cannot make it Jan 08 $1459 psf, Apr 08 $1080 psf down and down you go...  |
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29 May 08 8:04 pm |
| Anonymous wrote: | Checked URA website, last transacted price at Park Infinia is $1199psf. Last year was $1700psf.
Parc Emily also cannot make it Jan 08 $1459 psf, Apr 08 $1080 psf down and down you go... |
Which facing? Which floor? I know Park Infinia got up to like 36th floor... so 2nd flr & 36th flr got big difference in term of pricing.  |
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29 May 08 8:14 pm |
| Anonymous wrote: | Checked URA website, last transacted price at Park Infinia is $1199psf. Last year was $1700psf.
Parc Emily also cannot make it Jan 08 $1459 psf, Apr 08 $1080 psf down and down you go... |
Yeah, the price really drop drastically and there are a lot of posting to resell this property. Is it getting it's TOP soon? Must be having a lot of speculators who now need to release their hot potatoes.
Thanks for the update |
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30 May 08 5:02 am |
| Anonymous wrote: | | Anonymous wrote: | Checked URA website, last transacted price at Park Infinia is $1199psf. Last year was $1700psf.
Parc Emily also cannot make it Jan 08 $1459 psf, Apr 08 $1080 psf down and down you go... |
Yeah, the price really drop drastically and there are a lot of posting to resell this property. Is it getting it's TOP soon? Must be having a lot of speculators who now need to release their hot potatoes.
Thanks for the update |
why diva follower want to buy cheap hah ??? ok lah i sell my sinking boat to u lah ??? or u prefer to continue to rent my sinking boat also can ...... |
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30 May 08 5:03 am |
| SINKING BOAT for SINKING DIVA FOLLOWER |
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30 May 08 7:39 am |
As usual, watch what I said over 8-mths ago:
The previous major resistant was somewhere in 2600-2700 level which was the previous peak in (Yr1994)(Yr1996)(Yr2000)... This resistant has been rise gradually close to 2800. This resistant was broken in end 2006... And only then we saw a suddenly surge in property market in Feb/Mar 07 just after CNY. (just like a turbo spinning to gather its power.. without you knowing it till you have a sudden surge of power in the car once the turbo kicks in)
Since the major resistant was broken, its now become a major support for the whole upswing. So now the STI already entering into a new zone of 28XX to 39XX.
28XX became a major support now & 39XX became a major resistant now. Both will rise gradually & thats why some analysis predicted it will reach 4000 level when its going to try for the 2nd time.
So as long as STI remain above at this major support (2800 level)... thats isn't much adjustment to our property market! Just be prepard if later STI started to climb.. you still don't believe.. till above 3500.. 3600 level.. then is too late for you if you still hoping for any correction in property market, even for the next few years.. at least! |
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30 May 08 8:26 am |
| Anonymous wrote: | As usual, watch what I said over 8-mths ago:
The previous major resistant was somewhere in 2600-2700 level which was the previous peak in (Yr1994)(Yr1996)(Yr2000)... This resistant has been rise gradually close to 2800. This resistant was broken in end 2006... And only then we saw a suddenly surge in property market in Feb/Mar 07 just after CNY. (just like a turbo spinning to gather its power.. without you knowing it till you have a sudden surge of power in the car once the turbo kicks in)
Since the major resistant was broken, its now become a major support for the whole upswing. So now the STI already entering into a new zone of 28XX to 39XX.
28XX became a major support now & 39XX became a major resistant now. Both will rise gradually & thats why some analysis predicted it will reach 4000 level when its going to try for the 2nd time.
So as long as STI remain above at this major support (2800 level)... thats isn't much adjustment to our property market! Just be prepard if later STI started to climb.. you still don't believe.. till above 3500.. 3600 level.. then is too late for you if you still hoping for any correction in property market, even for the next few years.. at least! |
As usual, you are a NUISANCE ! |
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30 May 08 10:08 am |
| Anonymous wrote: | As usual, watch what I said over 8-mths ago:
The previous major resistant was somewhere in 2600-2700 level which was the previous peak in (Yr1994)(Yr1996)(Yr2000)... This resistant has been rise gradually close to 2800. This resistant was broken in end 2006... And only then we saw a suddenly surge in property market in Feb/Mar 07 just after CNY. (just like a turbo spinning to gather its power.. without you knowing it till you have a sudden surge of power in the car once the turbo kicks in)
Since the major resistant was broken, its now become a major support for the whole upswing. So now the STI already entering into a new zone of 28XX to 39XX.
28XX became a major support now & 39XX became a major resistant now. Both will rise gradually & thats why some analysis predicted it will reach 4000 level when its going to try for the 2nd time.
So as long as STI remain above at this major support (2800 level)... thats isn't much adjustment to our property market! Just be prepard if later STI started to climb.. you still don't believe.. till above 3500.. 3600 level.. then is too late for you if you still hoping for any correction in property market, even for the next few years.. at least! |
good analysis.
Thanks for sharing |
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30 May 08 10:19 am |
| LKY is 85 already. Do you think it has an impact on property price? |
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30 May 08 11:22 am |
| Anonymous wrote: | | Anonymous wrote: | Checked URA website, last transacted price at Park Infinia is $1199psf. Last year was $1700psf.
Parc Emily also cannot make it Jan 08 $1459 psf, Apr 08 $1080 psf down and down you go... |
Yeah, the price really drop drastically and there are a lot of posting to resell this property. Is it getting it's TOP soon? Must be having a lot of speculators who now need to release their hot potatoes.
Thanks for the update |
The worst hit will be District 9....I heard onwers there are getting pretty desperate.... |
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30 May 08 11:26 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | Checked URA website, last transacted price at Park Infinia is $1199psf. Last year was $1700psf.
Parc Emily also cannot make it Jan 08 $1459 psf, Apr 08 $1080 psf down and down you go... |
Yeah, the price really drop drastically and there are a lot of posting to resell this property. Is it getting it's TOP soon? Must be having a lot of speculators who now need to release their hot potatoes.
Thanks for the update |
The worst hit will be District 9....I heard onwers there are getting pretty desperate.... |
I heard u going to mati soon also |
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30 May 08 11:31 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | Checked URA website, last transacted price at Park Infinia is $1199psf. Last year was $1700psf.
Parc Emily also cannot make it Jan 08 $1459 psf, Apr 08 $1080 psf down and down you go... |
Yeah, the price really drop drastically and there are a lot of posting to resell this property. Is it getting it's TOP soon? Must be having a lot of speculators who now need to release their hot potatoes.
Thanks for the update |
The worst hit will be District 9....I heard onwers there are getting pretty desperate.... |
Look at Parc Emily quite a drastic drop from $1459 to $1080 psf.......Abandon Ship  |
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30 May 08 2:20 pm |
| This is just a small correction. We saw prices in prime areas go up from 1000psf to 3000psf in 3years. Like in any cycle, prices will correct, maybe to 2000psf for new property and 1500psf for old in the prime areas by 2010. That still means 50% upmove in 5 years which is what the mean return tends to be. 10% capital appreciation per annum plus 3% rental. Not a bad investment, unless you lost your brains and went and bought in the second half of the cycle. |
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30 May 08 2:30 pm |
| Anonymous wrote: | | This is just a small correction. We saw prices in prime areas go up from 1000psf to 3000psf in 3years. Like in any cycle, prices will correct, maybe to 2000psf for new property and 1500psf for old in the prime areas by 2010. That still means 50% upmove in 5 years which is what the mean return tends to be. 10% capital appreciation per annum plus 3% rental. Not a bad investment, unless you lost your brains and went and bought in the second half of the cycle. |
Have you studied the property cycle over last 15 years ?
if that is anything to go by, we are headed for a major correction, then a period of stagnation, followed by another spectacular rise. Whole cycle would take 4 to 7 years. |
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30 May 08 2:40 pm |
for all flippers, next stop go court for filing bankruptcy and then mati.  |
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30 May 08 3:22 pm |
| Anonymous wrote: |
Have you studied the property cycle over last 15 years ?
if that is anything to go by, we are headed for a major correction, then a period of stagnation, followed by another spectacular rise. Whole cycle would take 4 to 7 years. |
I suggest you study closely the period between 15 to 20 years ago.
first the market went up very fast after late 80s crash, then slow down for 1/2 quarters. then went up until almost hit the sky. abandon ship and take plane instead. |
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30 May 08 3:48 pm |
The market forces is against the property cycle this time round, with high inflation, high cost of living ever increasing fuel prices....slowdown in the semiconductor and manufacturing industry...the up cycle has stalled and property prices have peaked.....
It's best to bail out now before it's too late, I guess that what some forumers is referring to as "Abandon Ship"
Just my 2 cents. Cheers |
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30 May 08 7:19 pm |
| dont forget demographics problem (baby boomers) begins in 4 years time |
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