(07-03-2015, 03:03 PM)RT Knight Wrote: [ -> ]Btw, i did see some property developer sold their units after 20-30% price cut now in Singapore, but they are still earning - earn lesser. Project in SG?
based on latest report, 100PP sold 88%, NINE RESIDENCE sold 84%, junction 9 sold out, Fulcrum 13%.
how would Fulcrum cut price 30%? Fulcrum last teansaction price around SGD2080 psft, 30% cut, let say selling at SGD1400 psft at FORT ROAD!!! The company will still earn.
1.4k is a very gd price for that location. Their loft unit is quite well designed. If i ve the spare cash, this will be my new home. I think at 1.4k, its more attractive than guillemard n geylang properties.
Also remember that Fulcrum is FREEHOLD and just a stone-throw away from the future TE line Katong Park Station. Selling at 1400 psf? Is that a realistic price even in today's tepid property market?
(08-03-2015, 07:52 PM)vesfreq Wrote: [ -> ] (07-03-2015, 03:03 PM)RT Knight Wrote: [ -> ]Btw, i did see some property developer sold their units after 20-30% price cut now in Singapore, but they are still earning - earn lesser. Project in SG?
based on latest report, 100PP sold 88%, NINE RESIDENCE sold 84%, junction 9 sold out, Fulcrum 13%.
how would Fulcrum cut price 30%? Fulcrum last teansaction price around SGD2080 psft, 30% cut, let say selling at SGD1400 psft at FORT ROAD!!! The company will still earn.
1.4k is a very gd price for that location. Their loft unit is quite well designed. If i ve the spare cash, this will be my new home. I think at 1.4k, its more attractive than guillemard n geylang properties.
well, you have a good point. however, if fort road is 1.4k, what price will be in Geylang? i am still remember geylang was about 800-900 psft back to 2011-2012. Not long ago!
(08-03-2015, 10:24 PM)RT Knight Wrote: [ -> ] (08-03-2015, 07:52 PM)vesfreq Wrote: [ -> ] (07-03-2015, 03:03 PM)RT Knight Wrote: [ -> ]Btw, i did see some property developer sold their units after 20-30% price cut now in Singapore, but they are still earning - earn lesser. Project in SG?
based on latest report, 100PP sold 88%, NINE RESIDENCE sold 84%, junction 9 sold out, Fulcrum 13%.
how would Fulcrum cut price 30%? Fulcrum last teansaction price around SGD2080 psft, 30% cut, let say selling at SGD1400 psft at FORT ROAD!!! The company will still earn.
1.4k is a very gd price for that location. Their loft unit is quite well designed. If i ve the spare cash, this will be my new home. I think at 1.4k, its more attractive than guillemard n geylang properties.
well, you have a good point. however, if fort road is 1.4k, what price will be in Geylang? i am still remember geylang was about 800-900 psft back to 2011-2012. Not long ago!
Yea bro! If 800 to 900 psf, I rather look better by staying at Fort Road. Not very far also. Considering also that its more premium than the more "mass market appeal" geylang/ guillemard units. (Ps: no offense to the folks staying there.)
PS: Teletubby, I didn't think of the new MRT line, but more for the location which makes it a good place to stay. Near town and next to expressway to airport.
COndominium project besides Fulcrum - the Line @ Tanjong Rhu, lowest selling $2087psft, highest $2542 psft.
Last Transcation?
1) $2,844,270, area: 1,216sft or $2,338 psft Dec-14
2) $1,067,220, area: 420sft or $2,542 psft Dec-14
A year ago when i look at the fulcrum, i felt it was a project where the company will probably just break even so didnt carry high hopes on it. Hmmm, seems like some decent profits may just roll in
One of the keys to successful investing - low expectations. With low expectations, the odds that you'll be disappointed is lower, and the odds that you'll be pleasantly surprised is higher.
(09-03-2015, 04:45 PM)safetyfirst Wrote: [ -> ]A year ago when i look at the fulcrum, i felt it was a project where the company will probably just break even so didnt carry high hopes on it. Hmmm, seems like some decent profits may just roll in
Very weird, share buy back at 0.975 can still fall.... hmmm.... although there's a lot of fans who like CES..but share price dont really reflect ... and also not many analyst likes to research on CES.
Singapore property market bad lah, analyst like to report exciting. Uptrend sectors to buy
(10-03-2015, 04:52 PM)westin1 Wrote: [ -> ]Very weird, share buy back at 0.975 can still fall.... hmmm.... although there's a lot of fans who like CES..but share price dont really reflect ... and also not many analyst likes to research on CES.
Mr Market very irrational. Ignore him. Biz as usual.
Fred Schwed's book titled "where are the customers' yachts?" says "over longer term, though, share price movement look a lot less random." (PS: Its a good book and a good read to remind us of the fallacies of the market participants.)
I also noticed that analysts are also very irrational and cover only things... that they like to cover.
This remains of a case of people rushing into a department store cos there are good bargains. Within minutes, everyone rushing out because of a fire that broke out. Turn out that those who ran out had clearly misunderstood that fire alarm went off due to cigarette smoke.
Point is, there are some who think this is a forest fire and those who think nothing wrong. lol.