Jardin Officially Launches; Floridian, Cascadia Updates

Yeah the Jardin finally 'launched' with prices for the 3rd level lofts going for only $2000psf. Even areas such as Balmoral which is so much closer to town don't fetch that amount. Seriously what is Far East Organisation thinking? Just add $300-500psf above reasonable prices because you have built over 700 developments and received multiple awards no one bothers about?

I really feel bad for people who buy FEO's overpriced units...although they do have a couple of rare bargains.

Also, heard from some reliable sources that Cascadia and Floridian that is just across the road will be holding out for next year. Late 1st Q at least. Maybe by then prices would have gained momentum again and I will be forced to eat my rant above regarding Jardin.

Gahmen: No Capital Gains Tax

Finally found this newspaper cutting. Thought I threw it away earlier. Well this is pretty much a big relief for everyone now. Like I said: Capital Gains Tax is the nail in the coffin. So for the moment, all's clear!

Hillvista Prices Leaked

Only $1050psf to $1150psf for West Side Mass Market Living at Hillvista. Ugh.

Seriously what are the Fareast guys thinking? No one is going to pay those prices for something so deep in...but I have been wrong before!

Details:

• 2rm 915-1055sf (~1.21m)
  
• 2+1rm 990-1087sf (~1.25m)
  
• 3rm 1130sf-1238sf (~1.42m)
  
• 3+1rm 1184-1292sf (~1.48m)
  
• 4br 1292-1324sf (~1.52m)

FYI, $1.5m can get you a large, full seaview, high level unit along East Coast.

Dear Chukuma

Got this in my mailbox today, amongst a dozen daily offers from agents offering to sell my property. Quite amusing really...only 5% interest as long as I am not trying to rob him of funds! Nothing has been edited:

Dear Sir/Madam.,

I am Mr. Chukuma Doller, a certified loan lender that offers loan toindividuals,co-operate bodies who need loan for small scalebusinesses, personal investments, and also personal budgets.

As long asyou have a good profile and not trying to fraud or robbed us of funds.Loans are offered at a very cheap and moderate rates,

We arecertified, trusted worthy, eliable,efficientand dynamic. Hurry Up and get this Unique Opportunity now. We give outloan with a low interest rate of 5%. If interested Kindly Contact me via Email: chukuma_loan_company@yahoo.com

IF INTERESTED,YOU ARE TO FILL THE DATA INFORMATION AND RETURNFULL NAME:FULL CONTACT ADDRESS:OCCUPATION:POSITION:HOME PHONE NUMBER:CELL PHONE NUMVER:MARITAL STATUS:SEX:AGE:BANK NAME:TOTAL ANNUAL INCOME:AMOUNT NEEDED AS LOAN:LOAN DURATION:

Regarsd,Chukuma Doller

HillVista, Yet Another Mass Market Project

Watch out mass market, here comes another ultra overpriced project from Far East Organization! While details on this project is still sketchy, heres what I have found out about it:

Location: Hillview Ave
Units: 127
Price: $1050psf

Don't bother taking a look if you want a big 3-room. This is another Condo that features nothing above 1300 square feet of living space.

730k Madness Along East Coast

Life from a sucker's point of view. Source: The Straits Times

Now someone should really come up with a list of suckers who pay these record amounts for HDB flats.

While I understand how 'clever' it is to downgrade to a HDB and 'ride out the Property Bubble' after collecting your enbloc loot, paying an amount that no one else will ever again for the same flat defeats the purpose!

In honor of such suckers, I shall add a new blog tag - HDB Suckers.

Property Resource Review #1: HDB + Do it yourself

Okay, I submit to all your endless e-mail requests to share good online resources for property - in the form of mini-reviews as and when I find the time to do them.

Question:

Dear Realgossip, I was hoping to find online websites on how to sell my HDB flat without an agent. Can you recommend me some links? Rgds, Tan XX XXXXX Hougang

Reply:

Dear Tan,

Get an agent. HDB do-it-yourself is a no-no. I have seen my nephew's Option to Purchase for a HDB flat. It is 10 pages long (private is 3 max!) and I couldn't figure out half of it although I have seen private options of everykind.

If you insist on selling it on your own. I have seen only two resources.

www.hdb.gov.sg

Review: Straight forward, but little nitty gritties on where to get certain forms are not included and its all these little things that are most daunting. A definite must read for those who are doing it yourselves.

To find this page and understand all its resources, you have to dig through a giant pile of links which could have been just compiled on one page. Could have been better explained in layman's.

Ease of Use: **/*****
Helpfulness: ****/*****
Credibility: *****/*****

www.diyhdb.com



Review: Commercial and straightforward. Basically you do the marketing, viewing, negotiating (all the hard parts!) and they just tell you what to do - which is good, and bad. Because if anything screws up it's mostly yourself to blame.

This website also seems to be siphoning off every possible thing they can suck from you, from bankloans to just frikkin registering on the website. Aesthetics could have been more attractive and professional, looks like a 13 year old kid did it for them.

Ease of Use: ***/*****
Helpfulness: ****/*****
Credibility: **/*****