Buyers snap up units at launch of Singapore's priciest suburban condo

[propertyinvestor]

I find it unbelievable that 80% of the buyers are Locals. I was there on Saturday afternoon and the ERA salesperson was telling me that "30 units were sold to a group of China Buyers". I would like to think the agent didnt lie to me....

[propertyinvestor]

I find it unbelievable that 80% of the buyers are Locals. I was there on Saturday afternoon and the ERA salesperson was telling me that "30 units were sold to a group of China Buyers". I would like to think the agent didnt lie to me....

[koh_52]

I think the main factor is cheap borrowing cost..most people even a layman uncle would said Fed will stay at low interest rate at least till 2014, and likely even longer.

Looking at the strong demand i am forced to agree that ppty market still stay above water...there many deep pocket folks still hiding in the wood.

Frankly, personally i think current ppty price had reached almost it peak , risk / reward ratio not at your favour.

[freedom]

FED will keep interest rate low at least till 2014, but what will happen after 2014?

will the loan for the property be paid up? If not, how much longer will the mortgage be left? another 10 years or more?

then it would be too bad for the buyers because you pay low interest rate for 2 - 3 years (2012 - 2014), then high interest rate for the rest, is it worth?

[pianist]

no wonder heard my classmate at capitaland getting at least 4 months bonus this year...huat ah

[pianist]

no wonder heard my classmate at capitaland getting at least 4 months bonus this year...huat ah

[yeokiwi]

I think the main factor is cheap borrowing cost..most people even a layman uncle would said Fed will stay at low interest rate at least till 2014, and likely even longer.
Looking at the strong demand i am forced to agree that ppty market still stay above water...there many deep pocket folks still hiding in the wood.
Frankly, personally i think current ppty price had reached almost it peak , risk / reward ratio not at your favour.

The same applied to property developers. With low borrowing cost, they have no qualms in holding on to the unsold units.

With this kind of pricing, how to find a greater fool at $2000psf?

[Mr Nobody]

If the buyers calculate their monthly loan repayments based on interest rate of 5% (instead of 1.5%), many will think twice before signing.

I think dividend stocks are safer investments (both in terms of income, and safety of capital). With overbuilding, it will become increasingly difficult to find tenants who are willing to pay high rentals. An economic downturn (as serious as the sub-prime crisis) will mean capital loss for those without holding power (loss of job => no more double income).

[cif5000]

Be careful of what you hope for. You want this??
"Out of the 180 units of Sky Habitat launched last weekend, none was sold"?!?!
"Market so bad, developers go on lelong sale"?

And for the 100 odd people who had committed last weekend, they must have their means. If they don't, then there is a problem...but that's their problem. I certainly don't think that problem represents the problem of the general public.

The majority of Sky Habitat is not launched yet. Selling is getting increasingly difficult now. The first wave must hit, or else many people will cry.

[Musicwhiz]

The majority of Sky Habitat is not launched yet. Selling is getting increasingly difficult now. The first wave must hit, or else many people will cry.

Selling is getting difficult? You mean for developers?

Is that why they are rushing out such a huge supply and dangling more and more discounts to entice people?