(16-09-2013, 10:59 AM)Contrarian Wrote: Sky Vue showroom was PACKED. Even at 6pm, showflat was full and opened to visitors. The price is similar to Glades, yet location is so much more central and very good connectivity.
Bro Con san,
looking to buy property, to me this property bull going to deflate soon, when QE tightening, interest rate hike or when tapering start could be 1 or 2 yrs times, I dunno.
to me Sky Vue, this 99 yrs LH property is not better then Tembusu at Kovan which is FH property, my preference is FH if price sightly more I dun mine paying the small difference.
A few of many kaki ppty investors bought Tembusu at aro $1500 PSF and have to fork out aro $140k just for the 16% ABSD for a 2 bedders unit, see how rich S'porean when come to buying property.
What is the asking price for Sky Vue, if
$1400 PSF for LH condo, I dun think it cheap, especially for me when I think of the 16% ABSD, immediately back-out liao...not easy to make 16% but if it drop 16% then your total losses is 32%, for a 1 million ppty, you loss 320k that really alot. The latest round is TSDR that tighten the loan really tighten alot of investors from entering into the market.
My guess, property bubbles nearing to burst liao, despite govt deflated the CM 9 times. My instinct tell me that now is like during 2007 when market was all time high and next 2 yrs it burst...no harm liquidate and keep cash even though bank FD only 1%, cash is king...but then so many restrictions how to buy, aiya look oversea lor.
Today stock market surge 60 pts due to news US Summer withdrawal from FED Chairman candidate post but who next no-one know, to me US definitely have to stop QE one day but when? no clear ans till to-date.
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