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 05 Sep 08 5:03 pm |
| Anonymous wrote: | yishund with 60k COV  |
sucker big time (consider this current climate) |
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05 Sep 08 5:04 pm |
| Anonymous wrote: | Those high COVs are asked by hopeful owners who are not really keen on selling.
Just trying their luck to see if there is any sucker in the market.
And some sucker does come around to buy at that price.M friend sold his flat at 60K COV in Yishun. He was so surprised because he had not expected any offer and had given the figure to push the agent away. The agent ended up bringing a buyer offering that price.
So he decided to sell and going to rent for an year or two before prices fall again. Will invest his profit from HDB in some good investments for short term. |
COV 60K? terrible....can i know is 4room or 3room flat? 1st owner? |
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05 Sep 08 5:07 pm |
| Anonymous wrote: | Those high COVs are asked by hopeful owners who are not really keen on selling.
Just trying their luck to see if there is any sucker in the market.
And some sucker does come around to buy at that price.M friend sold his flat at 60K COV in Yishun. He was so surprised because he had not expected any offer and had given the figure to push the agent away. The agent ended up bringing a buyer offering that price.
So he decided to sell and going to rent for an year or two before prices fall again. Will invest his profit from HDB in some good investments for short term. |
What i can say is yr friend very good luck same as strike toto/4D.HA. |
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05 Sep 08 5:17 pm |
| Anonymous wrote: | | some even asking for 50k COV for jurong west hdb .... |
If I am the seller, I might ask for 100k cov, for a ulu 3rm flat.  Just try my luck, no harm.
As a buyer, you need to know what you will get for the price. You can make any offer (sell @ valuation, sell below valuation, blah blah) to each interested flat, no harm as well, right? |
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05 Sep 08 5:27 pm |
| Anonymous wrote: | | Anonymous wrote: | | some even asking for 50k COV for jurong west hdb .... |
If I am the seller, I might ask for 100k cov, for a ulu 3rm flat. Just try my luck, no harm.
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Thats right. Why shouldnt I try to get the maximum for my home.
If some naive buyer wants to buy desperately, why should I stop him  |
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05 Sep 08 5:32 pm |
FT got a lot of cash.
They happily buy with high COV.
Thats why market so up |
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05 Sep 08 5:32 pm |
| resale transaction seem decreasing in august sharply if compared to july, anyone spot it? |
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05 Sep 08 7:38 pm |
| Anonymous wrote: | | resale transaction seem decreasing in august sharply if compared to july, anyone spot it? |
7th month usually people avoid buying flat. So normal |
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05 Sep 08 7:40 pm |
| August transactions give an idea of how many Indian/Malay buyers out there |
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05 Sep 08 7:53 pm |
| Anonymous wrote: | | Anonymous wrote: | | resale transaction seem decreasing in august sharply if compared to july, anyone spot it? |
7th month usually people avoid buying flat. So normal |
 Aug Transaction was deal done on 2-3 months ago...  |
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05 Sep 08 8:09 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | resale transaction seem decreasing in august sharply if compared to july, anyone spot it? |
7th month usually people avoid buying flat. So normal |
Aug Transaction was deal done on 2-3 months ago... |
let wait next month transaction then we can see the picture clearly |
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Guest
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05 Sep 08 10:00 pm |
| What goes up will also come down.....Let wait |
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05 Sep 08 10:50 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | resale transaction seem decreasing in august sharply if compared to july, anyone spot it? |
7th month usually people avoid buying flat. So normal |
Aug Transaction was deal done on 2-3 months ago... |
No. HDB website is updated within 15 days of first appointment. Its is fairly new data. Not 2-3 months old |
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05 Sep 08 10:57 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | resale transaction seem decreasing in august sharply if compared to july, anyone spot it? |
7th month usually people avoid buying flat. So normal |
Aug Transaction was deal done on 2-3 months ago... |
No. HDB website is updated within 15 days of first appointment. Its is fairly new data. Not 2-3 months old |
F Y I , Aug transaction mean it was deal on around Jun. the transaction price only will show after the 1st appointment. |
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06 Sep 08 2:16 am |
There's a two weeks Option to Purchase period followed by 6-7 weeks of waiting before u are granted a first appt. So if data reflects first appt, then aug data should be june's transactions.
Interesting trends we are seeing...  |
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06 Sep 08 9:49 am |
| Well whichever it is... the PRICE of HDB for buyer we think is too High at the moment, and we all think its going to drop. and we'll waits.....Sigh show that economy weak, shares price drop to lowest, high infation etc...let wait and see whether will is drop back to 3 years ago prices |
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06 Sep 08 10:33 pm |
| Anonymous wrote: | | Well whichever it is... the PRICE of HDB for buyer we think is too High at the moment, and we all think its going to drop. and we'll waits.....Sigh show that economy weak, shares price drop to lowest, high infation etc...let wait and see whether will is drop back to 3 years ago prices |
Cannot be gua.... 3 years ago price? if really drop . i think all seller oso dun prefer to sell and hold it untill price up. if can drop 15% of val ..should consider very lucky liao.haha |
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06 Sep 08 10:39 pm |
| ya impossible to drop till 3 years ago price... |
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06 Sep 08 11:29 pm |
| Anonymous wrote: | | ya impossible to drop till 3 years ago price... |
i agree that it can't drop so low. There is a substantial demand for hdb flats, but when private property drops drastically as is happening now, hdb also has to give way. The fact that desperate FT's who had no choice but to buy their own flats had already bought their flats at high COV.
Almost 75% of my FT friends have already bought their flats. All bought at above 10K COV.The rest do not plan to stay long. Thus the demand from thie FT is declining drastically. Sellers fail to realise this. It is only after a couple of months that they will realise that the good old days are over. The desperate ones will start to sell below valuation and a trend will follow suit. This will lead to decline in the new valuations.
The smart sellers are already letting go at valuation now after realising that there is not much buyers around.The ignorant, GOOD LUCK HOPE YOU GET "20k" OR 50k CASH |
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