Remember u r bargain hunter...many ppl will not think this way and they will plunge in to get the '1st' owner status. New launches always comes with a premium with brandnew showflat and all the hype.
Ahaha. I hope to be bargain hunter only. Sometimes I get too emotional and will also buy high.
hno:
If they buy one amber which is going to TOP soon, its also first owner living there status. :banana:
Anyway, I checked with my regular ERA and HSR agents and they told me (dunnoe how true) that all there are enough blank cheques collected to speak for 60-70% of the units. My guess is that all the studios and most of the 2brs are already spoken for. If its true then its really crazy. Reminds me of the peak back in 07 where units are fully sold out before the VVIP preview and the developer just open the show flat to allow the public to "appreciate". :nuts:
In the current situation, if they buy the 495 sqft studio at 1500 psf. Add a 7% for buyer stamp duty , seller stamp duty and legal cost, their break even to flip is at 1605 psf? Isnt this a record breaking price in the area? How is that achievable? If they buy to rent out, rental at 2500(best case scenario) , purchase quantum at 742,500(Not including all the closing costs). The gross yield is only 4%.
hno:
