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 07 Sep 08 2:14 am |
I dont care about valuation.
I look at the net price and see if the flat is worth it. Use last 12 months price fore flat in that block as a guide.
For very high valuation is still asking COV, I dont bother viewing.
Agent showing so many flats. Why waste my time. Let those owner wait.
Other buyers also dont go view flats asking high valuation+COV. When no viewing, seller gets the idea automatically.
Buyers help each other best to adjust market  |
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07 Sep 08 7:52 am |
| bro can teach how to source 12 months price. HDB website only keep 3 months leh... |
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07 Sep 08 8:41 am |
same here, i don't even bother to register those that indicate cov.
valuation price has dropped slightly according to some agent friend |
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07 Sep 08 10:01 am |
| Anonymous wrote: | same here, i don't even bother to register those that indicate cov.
valuation price has dropped slightly according to some agent friend |
Correct, i also noted this. I am eyeing for Sengkang and valuation for certain flats there have droppd slightly recently. |
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07 Sep 08 10:08 am |
| Anonymous wrote: | | 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 |
Thank you for the analysis, now i know how valuation works.
1) When ppl pay more cash = valuation goes up
2) When ppl sell below valuation = valuatio goes down
3)when ppl don't buy above or below valuation = market will be flat
Am i right? |
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Guest
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07 Sep 08 2:42 pm |
| Anonymous wrote: | | Anonymous wrote: | | 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 |
Thank you for the analysis, now i know how valuation works.
1) When ppl pay more cash = valuation goes up
2) When ppl sell below valuation = valuatio goes down
3)when ppl don't buy above or below valuation = market will be flat
Am i right? |
correct |
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Guest
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08 Sep 08 10:18 am |
yes, correct.
valuation is control by previous transactions price.
if there is no buyer, it will go down. |
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08 Sep 08 10:43 am |
| Anonymous wrote: | yes, correct.
valuation is control by previous transactions price.
if there is no buyer, it will go down. |
for a moment, I tought property prices are controled by property agents.....hahaha  |
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Guest
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08 Sep 08 11:43 am |
nowsaday, so many units asking for valuation only, or 5k cov.....that's before nego.
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Guest
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08 Sep 08 12:01 pm |
| still got a lot of units asking 30k++ COV |
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Guest
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08 Sep 08 12:09 pm |
| Anonymous wrote: | | Anonymous wrote: | yes, correct.
valuation is control by previous transactions price.
if there is no buyer, it will go down. |
for a moment, I tought property prices are controled by property agents.....hahaha |
well, they exercise some influence.. when they tell potential buyers:: buy now! valuation will only go up, blah blah blah..
or potential sellers, "I have ready buyers in your area, willing to pay COV of 30K and up!".. |
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Guest
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08 Sep 08 12:41 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | yes, correct.
valuation is control by previous transactions price.
if there is no buyer, it will go down. |
for a moment, I tought property prices are controled by property agents.....hahaha |
well, they exercise some influence.. when they tell potential buyers:: buy now! valuation will only go up, blah blah blah..
or potential sellers, "I have ready buyers in your area, willing to pay COV of 30K and up!".. |
Yes ..almost all the agent told me that val will keep to going up.if dun buy now...will pay more in few month laters.so far..val is still quite high.dun drop any yet. |
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08 Sep 08 1:09 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | yes, correct.
valuation is control by previous transactions price.
if there is no buyer, it will go down. |
for a moment, I tought property prices are controled by property agents.....hahaha |
well, they exercise some influence.. when they tell potential buyers:: buy now! valuation will only go up, blah blah blah..
or potential sellers, "I have ready buyers in your area, willing to pay COV of 30K and up!".. |
Yes ..almost all the agent told me that val will keep to going up.if dun buy now...will pay more in few month laters.so far..val is still quite high.dun drop any yet. |
come on, don't expect prices to tumble overnight. expect to see only minor adjustment to the valuation in the coming months. I would say we can see a bigger adjustment maybe early next year. still, the economic climate plays a big part in housing prices. |
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08 Sep 08 4:05 pm |
| Anonymous wrote: | nowsaday, so many units asking for valuation only, or 5k cov.....that's before nego.
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what area is that?
eyeing bedok now and started to view houses since late augast, found quite common that seller are asking over 30k even 40k cov, and seems those units are gone very quickly. don't know how long i can hang in there, sigh... |
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08 Sep 08 4:25 pm |
| Anonymous wrote: | | Anonymous wrote: | nowsaday, so many units asking for valuation only, or 5k cov.....that's before nego.
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what area is that?
eyeing bedok now and started to view houses since late augast, found quite common that seller are asking over 30k even 40k cov, and seems those units are gone very quickly. don't know how long i can hang in there, sigh... |
Yishun area oso, very fast can closed one...even val quite high.Yesterday. i did view a 4A flat at yishun...wah..total have 5 group of ppl view the house on the same time....maybe now really dun have seller wan to sell their house..demand higher than supply.or thouse viewer maybe same like me..just go there c c for fun only..and all of them are waiting the price drop.ha |
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08 Sep 08 4:33 pm |
yes...rite now all sellers including those in lim chu kang all asking 70k to 150K cov...all close deal within 1 days...
so hot, demands much much more than supply
hahahaha dream dream dream |
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08 Sep 08 4:35 pm |
| Anonymous wrote: | http://property.st701.com/properties/view/310971?from=%2Fproperties%2Fresults%2Fpage%3A2%3Fproperty_type_id%3D2%26property_for%3DSale%26property_estate_id%3D46%26property_classification_id%255B0%255D%3D22%26country_id%3DSG%26builtin_area_select%3Dfeet
5room Punggol at 432K valuation leh...i think 3 months ago the valuation is only 400K...The price is coming down? should have bought it last time...thought the price will go down BUT......sighh................................................................................................................. |
yes, shd hv bought 3 yrs ago, when punggol 5 rms was selling < 200K....why buy 3 mths ago....hahaha.... dream dream dream |
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08 Sep 08 4:37 pm |
these agents talking many many.....let them talk...as long buyers hold their grounds.....agents will die first...
to all sellers, you can actual sell it on your own and can also save on commission from agents!!! |
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