D16 | Optima @ Tanah Merah

Kokonut · August 2nd, 2009, 04:12 PM

A sell out project in 4 days!

cnud · August 3rd, 2009, 03:32 AM

Many bought by agents to flip.

phantom_opera · August 3rd, 2009, 03:56 AM

Quote:

Originally Posted by cnud

Many bought by agents to flip.

I wish agents good luck. 2 bedroom must sell @ 950-1000psf to make $. HDB upgraders will pay cash to buy from them? I doubt so.

LittlePig · August 3rd, 2009, 04:10 AM

Quote:

Originally Posted by phantom_opera

I wish agents good luck. 2 bedroom must sell @ 950-1000psf to make $. HDB upgraders will pay cash to buy from them? I doubt so.

I wish they lose money. I mean, don’t you think they are being unfair, unethical and unprofessional because such greedy act means genuine buyers have to suffer higher prices? Hmm... but then again, if these buyers are genuine, they should look at the resale market and not feed the frenzy in new launches… there’s enough properties to go around actually…

shctaw · August 3rd, 2009, 04:13 AM

Too fierce liao!!!

Better keep quiet.

LittlePig · August 3rd, 2009, 04:29 AM

Quote:

Originally Posted by shctaw

Too fierce liao!!!

Better keep quiet.

No lah, little pig never fierce... just that I feel very strongly that agents must have professional ethics, cannot take advantage of the position/situation... its just like insider trading. But having said that, ignorant and greedy buyers are also to be blamed...

I was watching the news while having dinner at home last week and I saw how people in the showroom clapped and cheered every time a buyer got picked from the balloting box... my jaws (and rice) almost dropped! Why are they cheering these buyers who are going to pay such highly-priced suburb condos in these uncertain times?

Then it dawned on me - I guess most of them are not serious buyers who want to stay there but hope to flip it for some quick cash. Such is human nature, the greedy side of it. :p

phantom_opera · August 3rd, 2009, 04:33 AM

Quote:

Originally Posted by LittlePig

No lah, little pig never fierce... just that I feel very strongly that agents must have professional ethics, cannot take advantage of the position/situation... its just like insider trading. But having said that, ignorant and greedy buyers are also to be blamed...

I was watching the news while having dinner at home last week and I saw how people in the showroom clapped and cheered every time a buyer got picked from the balloting box... my jaws (and rice) almost dropped! Why are they cheering these buyers who are going to pay such highly-priced suburb condos in these uncertain times?

Then it dawned on me - I guess most of them are not serious buyers who want to stay there but hope to flip it for some quick cash. Such is human nature, the greedy side of it. :p

Come on lah, DBR subsale 2br high floor now only btn 720-750k ... how to flip at 850k for Optima? May be diff of one MRT stop commands 100k more

3br even worse, Waterfront collection & DBR still have direct new developer sale @ 700psf

shctaw · August 3rd, 2009, 04:34 AM

With 6 billion people on earth, I bet we have an idiot born every 10 second.

yoongf · August 3rd, 2009, 04:42 AM

Quote:

Originally Posted by LittlePig

I was watching the news while having dinner at home last week and I saw how people in the showroom clapped and cheered every time a buyer got picked from the balloting box... my jaws (and rice) almost dropped! Why are they cheering these buyers who are going to pay such highly-priced suburb condos in these uncertain times?

They are cheering for their fellow agent who landed that successful buyer.

I can't help but think of Sunshine Empire when I witness those scenes.

cnud · August 3rd, 2009, 05:04 AM

Haiz... we are also displaying the 'ugly' human nature ourselves.. we should be happy for them if they have bought with eyes open (maybe can even see further than us). This will help to move the secondary markets...

LittlePig · August 3rd, 2009, 05:14 AM

Quote:

Originally Posted by cnud

Many bought by agents to flip.

Quote:

Originally Posted by cnud

Haiz... we are also displaying the 'ugly' human nature ourselves.. we should be happy for them if they have bought with eyes open (maybe can even see further than us). This will help to move the secondary markets...

I was responding to your earlier comment that agents bought to flip - this is unethical... should we be happy?

Baby · August 3rd, 2009, 05:16 AM

How do you know most bought by agents to flip ?

I thought all units went through balloting ?

Anyway whether can flip easily will know in 2 weeks time if they return.

cnud · August 3rd, 2009, 05:31 AM

Quote:

Originally Posted by LittlePig

I was responding to your earlier comment that agents bought to flip - this is unethical... should we be happy?

While I heard many agents I personally know told me to jump in or to join them to flip, it's not possible that so many agents bought all the units.

The others who are genuine buyers, who bought with their eyes open, we should be happy that for them because it will also pull up the overall prices of secondary markets...

LittlePig · August 3rd, 2009, 05:55 AM

Quote:

Originally Posted by cnud

While I heard many agents I personally know told me to jump in or to join them to flip, it's not possible that so many agents bought all the units.

The others who are genuine buyers, who bought with their eyes open, we should be happy that for them because it will also pull up the overall prices of secondary markets...

Yes, I'm happy for genuine buyers, I always do... I just hope agents can be more professional and ethical... these few black sheeps really give good agents and the industry a very bad name, which is so unfair...

***SonofaDude*** · August 3rd, 2009, 06:50 AM

Quote:

Originally Posted by LittlePig

No lah, little pig never fierce... just that I feel very strongly that agents must have professional ethics, cannot take advantage of the position/situation... its just like insider trading.

The "insider trading" thing reminds me of a recent court case where an agent "advised" a seller the "market rate" of his apartment (which was way below the actual market rate). The buyer of this apartment turned out to be the agent's boss' wife. Subsequently, this lady flipped the apartment. Anyway, the article is here.

LittlePig · August 3rd, 2009, 07:35 AM

Quote:

Originally Posted by SonofaDude

The "insider trading" thing reminds me of a recent court case where an agent "advised" a seller the "market rate" of his apartment (which was way below the actual market rate). The buyer of this apartment turned out to be the agent's boss' wife. Subsequently, this lady flipped the apartment. Anyway, the article is here.

that's exactly what i mean - unfair competition

Minority · August 3rd, 2009, 07:46 AM

Quote:

Originally Posted by LittlePig

that's exactly what i mean - unfair competition

well looks like the capital gain tax coming this Jan will be pass. I guess its targeted at these agent who fan the speculation flames...

LittlePig · August 3rd, 2009, 07:49 AM

Quote:

Originally Posted by Minority

well looks like the capital gain tax coming this Jan will be pass. I guess its targeted at these agent who fan the speculation flames...

how? who is keeping taps of who sold how many OTPs... we are talking about agents flipping OTPs, not property owners selling properties... agents selling their own portfolio of properties is one thing, flipping OTPs is another...

cnud · August 3rd, 2009, 09:29 AM

See Classified Ads. Already trying to flip.

pinkcow · August 3rd, 2009, 09:50 AM

Quote:

Originally Posted by cnud

See Classified Ads. Already trying to flip.

This agent flipping not so smart...put stack and level....as good as telling the world who is the one flipping...

just check owner of #04-17, #06-17, #07-17 once caveat out

Quote:

One of our sources that wish to remain anonymous spotted units in Optima@Tanah Merah being flipped in an agent multi-listing system:

"SOLD OUT PROJECT!! OPTIMA @ TANAH MERAH PREMIER STACK 17, 2+STUDY, 947SQFT, #04, #06, #07 $993psf. CALL: 985XXXXX - Charles"

So an uncompleted two bedroom in Tanah Merah is now asking for $940k. Oh, and expect more ads from Optima@Tanah Merah flippers in the papers tomorrow.

http://www.h88.com.sg/article/Optima...ion%20already/

August 2nd, 2009, 04:12 PM	#1
Kokonut Registered User Join Date: Aug 2009 Posts: 1 Likes (Received): 0	D16 \| Optima @ Tanah Merah A sell out project in 4 days!

August 3rd, 2009, 04:13 AM	#5
shctaw 余博士 Join Date: Jun 2006 Location: 新加坡柔佛香港澳門 Posts: 3,869 Likes (Received): 2	Too fierce liao!!! Better keep quiet. Last edited by shctaw; August 3rd, 2009 at 04:19 AM.

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August 3rd, 2009, 03:32 AM	#2
cnud Registered User Join Date: Jul 2007 Location: Singapore, Melbourne Posts: 1,411 Likes (Received): 0	Many bought by agents to flip.

August 3rd, 2009, 04:34 AM	#8
shctaw 余博士 Join Date: Jun 2006 Location: 新加坡柔佛香港澳門 Posts: 3,869 Likes (Received): 2	With 6 billion people on earth, I bet we have an idiot born every 10 second.

August 3rd, 2009, 05:04 AM	#10
cnud Registered User Join Date: Jul 2007 Location: Singapore, Melbourne Posts: 1,411 Likes (Received): 0	Haiz... we are also displaying the 'ugly' human nature ourselves.. we should be happy for them if they have bought with eyes open (maybe can even see further than us). This will help to move the secondary markets...

August 3rd, 2009, 05:16 AM	#12
Baby Baby Join Date: Jul 2006 Location: Singapore Posts: 6,537 Likes (Received): 0	How do you know most bought by agents to flip ? I thought all units went through balloting ? Anyway whether can flip easily will know in 2 weeks time if they return.

August 3rd, 2009, 09:29 AM	#19
cnud Registered User Join Date: Jul 2007 Location: Singapore, Melbourne Posts: 1,411 Likes (Received): 0	See Classified Ads. Already trying to flip.