Seletar, condos amidst landed

[myfs_157293]

Hi Master,
Saw in your earlier postings mentioning that Seletar is a good place...about basin collecting wealth...
What do you think about Seletar Park Residences? (Cant afford the landed properties there...yet haha) so thought maybe can get a condo near those landed properties...to get the 'rich air'...Seletar Park Residence is the first that came to mind. Came across the floorplan of a 4 br unit and it is first floorplan of a condo that I have seen that is so squarish. Very little missing corner.
can you advise which is best block to buy if this is a good project?
Thank you very much.

[Cecil Lee]

Early I was attracted to the place. As when I drive in to the show room; it seems serene and peaceful.
And I believe; the most attractive was the ground floor units which has very high ceiling. But believe most ground floor units taken.
Must be careful of specific units that may be cut by the roof ..... For example 4 bedroom Type D2 stack 61 has to take extra care that the roof of the club-house does not slice or cut in that unit's frontage.
In the end; as the price of 99 has caught up with freehold; decided to purchase a freehold 1km from Tao Nan in Katong area.
I (strongly) believe; this is not Feng Shui; but a future MRT station will be close to it.

Quote

On 10/1/2013 3:45:14 AM, Anonymous wrote:
Hi Master,Saw in your earlier
postings mentioning that
Seletar is a good
place...about basin collecting
wealth...What do you think
about Seletar Park Residences?
(Cant afford the landed
properties there...yet haha)
so thought maybe can get a
condo near those landed
properties...to get the 'rich
air'...Seletar Park Residence
is the first that came to
mind. Came across the
floorplan of a 4 br unit and
it is first floorplan of a
condo that I have seen that is
so squarish. Very little
missing corner.can you advise
which is best block to buy if
this is a good project?Thank
you very much.

[Cecil Lee]

Sorry for the poor image, as I simply took a photo from an existing brochure that I have for Seletar Park Residences

Quote

On 10/1/2013 3:11:55 PM, Anonymous wrote:
Early I was attracted to the place. As
when I drive in to the show room; it
seems serene and peaceful. And I
believe; the most attractive was the
ground floor units which has very high
ceiling. But believe most ground floor
units taken.Must be careful of specific
units that may be cut by the roof .....
For example 4 bedroom Type D2 stack 61
has to take extra care that the roof of
the club-house does not slice or cut in
that unit's frontage.In the end; as the
price of 99 has caught up with freehold;
decided to purchase a freehold 1km from
Tao Nan in Katong area. I (strongly)
believe; this is not Feng Shui; but a
future MRT station will be close to
it.On 10/1/2013 3:45:14 AM, Anonymous
wrote:
Hi Master,Saw in your earlier
postings mentioning that
Seletar
is a good
place...about basin
collecting
wealth...What do you
think
about Seletar Park Residences?
(Cant afford the landed
properties there...yet haha)
so
thought maybe can get a
condo near
those landed
properties...to get the
'rich
air'...Seletar Park Residence
is the first that came to
mind.
Came across the
floorplan of a 4 br
unit and
it is first floorplan of a
condo that I have seen that is
so squarish. Very little
missing
corner.can you advise
which is best
block to buy if
this is a good
project?Thank
you very much.

[Cecil Lee]

Frankly besides Feng Shui; Seletar Park Residence being only a 99 year lease property; even for a 3 bedroom (not 4 bedroom) is costing around $1.55M; to me I could easily get a FREEHOLD apartment, now for much less.
It is a pity; 99 year lease within a blink of an eye... for $1.55M or more is like handing over money later to the "government".
My personal belief (not Feng Shui is that); today; for anything below $1M or even $1.2M (if near MRT) is ok for 99 leasehold. But anything above that amount; pretty silly to pay for a 99 year (miserable) leasehold. When reach 60 years.. harder for bank loans and CPF disbursement!

Quote

On 10/1/2013 3:16:42 PM, Anonymous wrote:
Sorry for the poor image, as I simply
took a photo from an existing brochure
that I have for Seletar Park
ResidencesOn 10/1/2013 3:11:55 PM, Cecil
Lee wrote:
Early I was attracted to
the place. As
when I drive in to the
show room; it
seems serene and
peaceful. And I
believe; the most
attractive was the
ground floor
units which has very high
ceiling.
But believe most ground floor
units
taken.Must be careful of specific
units that may be cut by the roof
.....
For example 4 bedroom Type D2
stack 61
has to take extra care that
the roof of
the club-house does not
slice or cut in
that unit's
frontage.In the end; as the
price of
99 has caught up with freehold;
decided to purchase a freehold 1km
from
Tao Nan in Katong area. I
(strongly)
believe; this is not Feng
Shui; but a
future MRT station will
be close to
it.On 10/1/2013 3:45:14
AM, Anonymous
wrote:
Hi
Master,Saw in your earlier
postings mentioning that
Seletar
is a good
place...about basin
collecting
wealth...What do you
think
about Seletar Park Residences?
(Cant afford the landed
properties there...yet haha)
so
thought maybe can get a
condo near
those landed
properties...to get the
'rich
air'...Seletar Park Residence
is the first that came to
mind.
Came across the
floorplan of a 4 br
unit and
it is first floorplan of a
condo that I have seen that is
so squarish. Very little
missing
corner.can you advise
which is best
block to buy if
this is a good
project?Thank
you very much.

[myfs_157293]

Did you mean that future MRT will be built in Seletar or Katong?
I went to see Seletar Park Residence cuz of quietness and to hopefully tap on the landed property qi there. I am looking ?t stack 52. Either 2nd or 3rd flr depending on availability.
I totally agree with you that at 1.7 to 1.8m can get a freehold ?omewhere. That is reason why I have been hesitating so long. I kept asking, can I breakeven? But I Need a house soon lor as on rental now.... So I wonder...is this place and this unit is good fengshui or not. If so, maybe still worth buying? ...Headache. What wld you advise.

[Cecil Lee]

Generally, sentiments aside; Feng Shui is acceptable. (Subject to best facing direction for the "breadwinner" and maybe more in-depth review or simply for now; based on personal instincts.
Please take a-look at the attachment. Sorry, if it is abit blur. But looks like in the future, practically every where got MRT or LRT.
Don't quote me; but I had previously reviewed and looks like there is a line from Jalan Kayu. And most likely at first I thought that when they pull down the post office at the Junction of Jalan Kayu / Yio Chu Kang to earmark for an MRT station.
Most likely, I think the "Neram" MRT station should be around the location or opposite this site; which is empty....
Personally, I missed the ground floor units which are approx. 4 metre high ceiling. If ground floor units; pretty good "buy". But sandwiched in between these and before penthouse; I did not consider buying it.
But I am pretty sure or have a feeling, the Neram MRT could be directly opposite Greenwich .... maybe that empty plot of land.. If so, it is a plus for Seletar Park Res... 100 metres away.. maybe...

Quote

On 10/1/2013 6:50:52 PM, Anonymous wrote:
Did you mean that future MRT
will be built in Seletar or
Katong?I went to see Seletar
Park Residence cuz of
quietness and to hopefully tap
on the landed property qi
there. I am looking ?t stack
52. Either 2nd or 3rd flr
depending on
availability.I totally
agree with you that at 1.7 to
1.8m can get a freehold
?omewhere. That is reason why
I have been hesitating so
long. I kept asking, can I
breakeven? But I Need a house
soon lor as on rental now....
So I wonder...is this place
and this unit is good fengshui
or not. If so, maybe still
worth buying?
...Headache. What wld
you advise.

[Cecil Lee]

Sorry for the side-track.
Last year, I bought a freehold home 1km from Tao Nan / CHIJ. I reviewed and most likely felt that one of the stations is at the location as shown in the attachment.
Early this year; a client told me that; coincidentally, she spilled out that a reliable source told her that one of the new stations for the Marine Parade Line is opposite the Marine Parade community centre. Which is exactly as shown.
Again, I am not liable for any loss if anyone purchase based on this.
My hope is that this will realise.

Quote

On 10/1/2013 7:22:36 PM, Anonymous wrote:
Please note that the attachment is based
on guess work and should not be relied
upon for purchase of any home(s) or
apartment(s) nearby.From one of the
government blue-print; there seems to be
an MRT line running from Jalan Kayu to
"Neram" station and downwards....As one
can see; I find that the actual Neram
Road and it's surroundings are fully
built with landed properties. Most
likely, the government would not
take-over any of the landed properties
as it is costly to do so.Before the new
"highway' was up; I thought that the
location could be the old post office.
But it seems; that location is a road
leading to the new aerospace park at
Seletar.I suspect that Neram station MAY
be located opposite Greenwich shopping
centre or near-by : once pig farm. See
attachment.As mentioned in the
illustration: I am not responsible if
the station does not materialise. Thus
don't rely on what I mentioned if one
intends to purchase a home there. Your
guess is as good as mine...On 10/1/2013
7:04:28 PM, Cecil Lee wrote:
Generally, sentiments aside; Feng
Shui
is acceptable. (Subject to best
facing
direction for the
"breadwinner" and
maybe more
in-depth review or simply for
now;
based on personal instincts.Please
take a-look at the attachment.
Sorry, if
it is abit blur. But looks
like in the
future, practically
every where got MRT
or LRT.Don't
quote me; but I had
previously
reviewed and looks like there
is a
line from Jalan Kayu. And most
likely at first I thought that when
they
pull down the post office at
the
Junction of Jalan Kayu / Yio Chu
Kang to
earmark for an MRT
station.Most likely,
I think the
"Neram" MRT station should
be around
the location or opposite this
site;
which is empty....Personally, I
missed the ground floor units which
are
approx. 4 metre high ceiling. If
ground
floor units; pretty good
"buy". But
sandwiched in between
these and before
penthouse; I did
not consider buying it.
But I am
pretty sure or have a feeling,
the
Neram MRT could be directly opposite
Greenwich .... maybe that empty plot
of
land.. If so, it is a plus for
Seletar
Park Res... 100 metres
away.. maybe...On
10/1/2013 6:50:52
PM, Anonymous wrote:
Did you
mean that future MRT
will be
built in Seletar or
Katong?I
went to see Seletar
Park
Residence cuz of
quietness
and
to hopefully tap
on the landed
property qi
there. I am looking
?t
stack
52. Either 2nd or 3rd
flr
depending on
availability.I totally
agree with you that at 1.7 to
1.8m can get a freehold
?omewhere. That is reason why
I
have been hesitating so
long. I kept
asking, can I
breakeven? But I Need
a house
soon lor as on rental
now....
So I wonder...is this place
and this unit is good fengshui
or not. If so, maybe still
worth
buying?
...Headache. What wld
you advise.

[Cecil Lee]

Please note that the attachment is based on guess work and should not be relied upon for purchase of any home(s) or apartment(s) nearby.
From one of the government blue-print; there seems to be an MRT line running from Jalan Kayu to "Neram" station and downwards....
As one can see; I find that the actual Neram Road and it's surroundings are fully built with landed properties. Most likely, the government would not take-over any of the landed properties as it is costly to do so.
Before the new "highway' was up; I thought that the location could be the old post office. But it seems; that location is a road leading to the new aerospace park at Seletar.
I suspect that Neram station MAY be located opposite Greenwich shopping centre or near-by : once pig farm. See attachment.
As mentioned in the illustration: I am not responsible if the station does not materialise. Thus don't rely on what I mentioned if one intends to purchase a home there. Your guess is as good as mine...
Caution:
Let's face it; sometimes; the Seletar Line may never be built or there may not be a station called Neram or Greenwich. Or by the time the lease of the property drawn down to below 60 years; suddenly the line may be built.
Or if they did a tunnel below Jalan Kayu towards Seletar Road; may cause soil settlement and worse; the development becomes unsafe... and need to be acquired by the government....
Lastly; although the condo is amidst landed; but it is only a miserable 99 years old (for the room type; the lease costs greater than $1.5 or MORE million of dollars. And can only perhaps last0.8 of ageneration and say bye bye to it)

Quote

On 10/1/2013 7:04:28 PM, Anonymous wrote:
Generally, sentiments aside; Feng Shui
is acceptable. (Subject to best facing
direction for the "breadwinner" and
maybe more in-depth review or simply for
now; based on personal instincts.Please
take a-look at the attachment. Sorry, if
it is abit blur. But looks like in the
future, practically every where got MRT
or LRT.Don't quote me; but I had
previously reviewed and looks like there
is a line from Jalan Kayu. And most
likely at first I thought that when they
pull down the post office at the
Junction of Jalan Kayu / Yio Chu Kang to
earmark for an MRT station.Most likely,
I think the "Neram" MRT station should
be around the location or opposite this
site; which is empty....Personally, I
missed the ground floor units which are
approx. 4 metre high ceiling. If ground
floor units; pretty good "buy". But
sandwiched in between these and before
penthouse; I did not consider buying it.
But I am pretty sure or have a feeling,
the Neram MRT could be directly opposite
Greenwich .... maybe that empty plot of
land.. If so, it is a plus for Seletar
Park Res... 100 metres away.. maybe...On
10/1/2013 6:50:52 PM, Anonymous wrote:
Did you mean that future MRT
will be built in Seletar or
Katong?I went to see Seletar
Park Residence cuz of
quietness
and to hopefully tap
on the landed
property qi
there. I am looking ?t
stack
52. Either 2nd or 3rd flr
depending on
availability.I totally
agree with you that at 1.7 to
1.8m can get a freehold
?omewhere. That is reason why
I
have been hesitating so
long. I kept
asking, can I
breakeven? But I Need
a house
soon lor as on rental
now....
So I wonder...is this place
and this unit is good fengshui
or not. If so, maybe still
worth
buying?
...Headache. What wld
you advise.

[myfs_157293]

Hi there,
your reply is great help! Really grateful.
My husband and my Kua no is 4. South facing main door in this case, stack 52, ok right?
where else in northeast can we find freehold top soon and 1.7 to 1.8m? Saw one in east coast, top next year, $2m and unit is smaller in size. How is fengshui of tembusu? Better than Seletar Park Residences?
On 10/1/2013 8:38:32 PM, Cecil Lee wrote:

Quote

Please note that the attachment is based
on guess work and should not be relied
upon for purchase of any home(s) or
apartment(s) nearby.From one of the
government blue-print; there seems to be
an MRT line running from Jalan Kayu to
"Neram" station and downwards....As one
can see; I find that the actual Neram
Road and it's surroundings are fully
built with landed properties. Most
likely, the government would not
take-over any of the landed properties
as it is costly to do so.Before the new
"highway' was up; I thought that the
location could be the old post office.
But it seems; that location is a road
leading to the new aerospace park at
Seletar.I suspect that Neram station MAY
be located opposite Greenwich shopping
centre or near-by : once pig farm. See
attachment.As mentioned in the
illustration: I am not responsible if
the station does not materialise. Thus
don't rely on what I mentioned if one
intends to purchase a home there. Your
guess is as good as mine...Caution:Let's
face it; sometimes; the Seletar Line may
never be built or there may not be a
station called Neram or Greenwich. Or by
the time the lease of the property drawn
down to below 60 years; suddenly the
line may be built.Or if they did a
tunnel below Jalan Kayu towards Seletar
Road; may cause soil settlement and
worse; the development becomes unsafe...
and need to be acquired by the
government.... Lastly; although the
condo is amidst landed; but it is only a
miserable 99 years old (for the room
type; the lease costs greater than
$1.5 or MORE million of dollars. And can
only perhaps last0.8 of
ageneration and say bye bye to
it)On 10/1/2013 7:04:28 PM, Cecil Lee
wrote: >Generally, sentiments aside;
Feng Shui >is acceptable. (Subject to
best facing >direction for the
"breadwinner" and >maybe more
in-depth review or simply for >now;
based on personal instincts.Please
take a-look at the attachment.
Sorry, if >it is abit blur. But looks
like in the >future, practically
every where got MRT >or LRT.Don't
quote me; but I had >previously
reviewed and looks like there >is a
line from Jalan Kayu. And most
likely at first I thought that when
they >pull down the post office at
the >Junction of Jalan Kayu / Yio Chu
Kang to >earmark for an MRT
station.Most likely, >I think the
"Neram" MRT station should >be around
the location or opposite this >site;
which is empty....Personally, I
missed the ground floor units which
are >approx. 4 metre high ceiling. If
ground >floor units; pretty good
"buy". But >sandwiched in between
these and before >penthouse; I did
not consider buying it. >But I am
pretty sure or have a feeling, >the
Neram MRT could be directly opposite
Greenwich .... maybe that empty plot
of >land.. If so, it is a plus for
Seletar >Park Res... 100 metres
away.. maybe...On >10/1/2013 6:50:52
PM, Anonymous wrote: >>Did you
mean that future MRT >>will be
built in Seletar or >>Katong?I
went to see Seletar >>Park
Residence cuz of >quietness >and
to hopefully tap >on the landed
property qi >there. I am looking
?t >stack >52. Either 2nd or 3rd
flr >>depending on
availability.I totally
agree with you that at 1.7 to
1.8m can get a freehold
?omewhere. That is reason why
I >have been hesitating so
long. I kept >asking, can I
breakeven? But I Need >a house
soon lor as on rental >now....
So I wonder...is this place
and this unit is good fengshui
or not. If so, maybe still
worth >buying?
...Headache. What wld
you advise.

[Cecil Lee]

Apologies, this is only a general forum. And specific to ....
http://forum.geomancy.net/phpforum/article.php?bid=2&fid=1&mid=33017&new=

Quote

On 10/2/2013 12:01:22 AM, Anonymous wrote:
Hi there,your reply is great help!
Really grateful.My husband and my
Kua no is 4. South facing main door in
this case, stack 52, ok right?where else
in northeast can we find freehold top
soon and 1.7 to 1.8m? Saw one in east
coast, top next year, $2m and unit is
smaller in size. How is fengshui of
tembusu? Better than Seletar Park
Residences?On 10/1/2013 8:38:32 PM,
Cecil Lee wrote:
Please note that the attachment is
based
on guess work and should not be
relied
upon for purchase of any home(s) or
apartment(s) nearby.From one of the
government blue-print; there seems
to be
an MRT line running from Jalan Kayu
to
"Neram" station and downwards....As
one
can see; I find that the actual
Neram
Road and it's surroundings are fully
built with landed properties. Most
likely, the government would not
take-over any of the landed
properties
as it is costly to do so.Before the
new
"highway' was up; I thought that the
location could be the old post
office.
But it seems; that location is a
road
leading to the new aerospace park at
Seletar.I suspect that Neram station
MAY
be located opposite Greenwich
shopping
centre or near-by : once pig farm.
See
attachment.As mentioned in the
illustration: I am not responsible
if
the station does not materialise.
Thus
don't rely on what I mentioned if
one
intends to purchase a home there.
Your
guess is as good as
mine...Caution:Let's
face it; sometimes; the Seletar Line
may
never be built or there may not be a
station called Neram or Greenwich.
Or by
the time the lease of the property
drawn
down to below 60 years; suddenly the
line may be built.Or if they did a
tunnel below Jalan Kayu towards
Seletar
Road; may cause soil settlement and
worse; the development becomes
unsafe...
and need to be acquired by the
government.... Lastly; although the
condo is amidst landed; but it is
only a
miserable 99 years old (for the room
type; the lease costs greater
than
$1.5 or MORE million of dollars. And
can
only perhaps last0.8 of
ageneration and say bye bye to
it)On 10/1/2013 7:04:28 PM, Cecil
Lee
wrote:
Generally, sentiments
aside;
Feng Shui
is acceptable.
(Subject to
best facing
direction for the
"breadwinner" and
maybe more
in-depth review or simply for
now;
based on personal instincts.Please
take a-look at the attachment.
Sorry, if
it is abit blur. But
looks
like in the
future, practically
every where got MRT
or LRT.Don't
quote me; but I had
previously
reviewed and looks like there
is
a
line from Jalan Kayu. And most
likely at first I thought that
when
they
pull down the post office
at
the
Junction of Jalan Kayu / Yio
Chu
Kang to
earmark for an MRT
station.Most likely,
I think the
"Neram" MRT station should
be
around
the location or opposite this
site;
which is empty....Personally, I
missed the ground floor units
which
are
approx. 4 metre high
ceiling. If
ground
floor units; pretty good
"buy". But
sandwiched in between
these and before
penthouse; I
did
not consider buying it.
But I am
pretty sure or have a feeling,
the
Neram MRT could be directly opposite
Greenwich .... maybe that empty
plot
of
land.. If so, it is a plus
for
Seletar
Park Res... 100 metres
away.. maybe...On
10/1/2013
6:50:52
PM, Anonymous wrote:
Did you
mean that future MRT
will be
built in Seletar or
Katong?I
went to see Seletar
Park
Residence cuz of
quietness
and
to hopefully tap
on the landed
property qi
there. I am
looking
?t
stack
52. Either 2nd or
3rd
flr
depending on

availability.I totally

agree with you that at 1.7
to

1.8m can get a freehold

?omewhere. That is reason
why
I
have been hesitating so
long. I kept
asking, can I
breakeven? But I Need
a
house
soon lor as on rental
now....
So I wonder...is this place

and this unit is good
fengshui

or not. If so, maybe still
worth
buying?
...Headache. What wld

you advise.

[Cecil Lee]

In the government master plan; there seems to be a new MRT station on the existing North-South line.
In the master plan; it shows "Canberra MRT station". If so, in the future (perhaps) it would be good news for the aged Yishun Emerald condo; the newly under construction Eight Courtyards; One Canberra and near-by Yishun flats.
As the people; there may perhaps one fine day; do not need to take a feeder service to the Yishun MRT station.
Attachment showing the suspected future (don't know when - if ever) Canberra MRT station

[Cecil Lee]

Attached is a chart showing my personal threshold for purchase of a home in Singapore:
1. I don't mind paying $1m to $1.2m for a 99year leasehold especially if it has certain advantages e.g. short distance to an MRT station (not LRT). Or within 1KM to a good school.
2. I will not consider anything above $1.2m for 99year leaseholds; in my opinion and not as mentioned under Para 1.
3. 999 years come under the above consideration. In Singapore, most if not all 999 year homes as if I am not mistaken they have only around 7xx+ years left.

Quote

On 10/3/2013 5:26:03 AM, Anonymous wrote:
In the government master plan;
there seems to be a new MRT
station on the existing
North-South line.In the master
plan; it shows "Canberra MRT
station". If so, in the future
(perhaps) it would be good
news for the aged Yishun
Emerald condo; the newly under
construction Eight Courtyards;
One Canberra and near-by
Yishun flats. As the people;
there may perhaps one fine
day; do not need to take a
feeder service to the Yishun
MRT station.Attachment showing
the suspected future (don't
know when - if ever) Canberra
MRT station

[myfs_157293]

Wah, thank you very much. Really set us thinking...
but new development don't have 1 to 1.2m pricing. Buy resale? We need at least 1200 sq ft hse. Still have profit margin for old house especially when come 2016, when there is oversupply, old house may not be as attractive as the newer ones...what's your opinion on this?
On 10/3/2013 8:48:38 AM, Cecil Lee wrote:

Quote

Attached is a chart showing my personal
threshold for purchase of a home in
Singapore:1. I don't mind paying
$1m to $1.2m for a 99year leasehold
especially if it has certain advantages
e.g. short distance to an MRT station
(not LRT). Or within 1KM to a good
school.2. I will not consider anything
above $1.2m for 99year leaseholds; in my
opinion and not as mentioned under Para
1.3. 999 years come under the above
consideration. In Singapore, most if not
all 999 year homes as if I am not
mistaken they have only around 7xx+
years left.On 10/3/2013 5:26:03 AM,
Cecil Lee wrote: >In the government
master plan; >there seems to be a new
MRT >station on the existing
North-South line.In the master
plan; it shows "Canberra MRT
station". If so, in the future
(perhaps) it would be good >news
for the aged Yishun >Emerald condo;
the newly under >construction Eight
Courtyards; >One Canberra and near-by
Yishun flats. As the people;
there may perhaps one fine >day;
do not need to take a >feeder service
to the Yishun >MRT station.Attachment
showing >the suspected future (don't
know when - if ever) Canberra
MRT station

[Cecil Lee]

These are some considerations:
1. Unfortunately in reality; what you mentioned is true. 3 + years ago; bigger brand new 99year old condo units can go for 800K or 900K.
2. Thus, today, when the supply has not caught up; be prepared to pay even 1.5M for a new 99 year old leasehold apartment.
3. Frankly majority would prefer to buy brand-new. Even for freehold apartments.
4. If you have no choice from 2013 to early 2015; can understand, you may have to adjust your personal THRESHOLD. Given that you have a size constraint.
5. Thus, in real life; after 2015; when the glut especially more and more supply + TOP; then I feel the threshold of $1.2M is achievable.
6. For practical reasons; the current insurance is at least a 99 leasehold (close to or next to) an MRT is better than one that is no where near one.
7. For example, one of my old client; wanted a bigger flat. They sold their freehold condo in River valley road. And the criteria is to get a bigger flat.
7.1. As originally, wife can't conceive. And by coincidence; after the Feng Shui; just gave birth to a baby boy. Went with them to view several flats. We had a chat and fortunately, they nearly wanted to buy a penthouse for
>1.2m at Parkview EC; Sengkang.
7.2. They instead finally bought a 99year at Kovan Residence. (quite new as TOP pretty recent).
7.3. Although 99 years but just a few metres away from Kovan Residence.
8. Thus, given that they had similar constraints "bigger" flat; at least their trump card is still a home that is "next" to an MRT. Compared to the Parkview EC. In rental or resale; which will be a better insurance?

Quote

On 10/4/2013 2:03:10 AM, Anonymous wrote:
Wah, thank you very much. Really set us
thinking...but new development don't
have 1 to 1.2m pricing. Buy resale? We
need at least 1200 sq ft hse. Still have
profit margin for old house especially
when come 2016, when there is
oversupply, old house may not be as
attractive as the newer ones...what's
your opinion on this?On 10/3/2013
8:48:38 AM, Cecil Lee wrote:
Attached is a chart showing my
personal
threshold for purchase of a home in
Singapore:1. I don't mind
paying
$1m to $1.2m for a 99year leasehold
especially if it has certain
advantages
e.g. short distance to an MRT
station
(not LRT). Or within 1KM to a good
school.2. I will not consider
anything
above $1.2m for 99year leaseholds;
in my
opinion and not as mentioned under
Para
1.3. 999 years come under the above
consideration. In Singapore, most if
not
all 999 year homes as if I am not
mistaken they have only around 7xx+
years left.On 10/3/2013 5:26:03 AM,
Cecil Lee wrote:
In the
government
master plan;
there seems to be a
new
MRT
station on the existing
North-South line.In the master
plan; it shows "Canberra MRT
station". If so, in the future
(perhaps) it would be good
news
for the aged Yishun
Emerald
condo;
the newly under
construction
Eight
Courtyards;
One Canberra and
near-by
Yishun flats. As the people;
there may perhaps one fine
day;
do not need to take a
feeder
service
to the Yishun
MRT
station.Attachment
showing
the suspected future
(don't
know when - if ever) Canberra
MRT station

[Cecil Lee]

Oops! Sorry, this is still 2013 - 2014 duration. If so, my "THRESOLD" model is considered unreasonable AT THIS TIME!
Apologies; the attachment should reflect the current sentiments.....

Quote

On 10/4/2013 5:27:15 PM, Anonymous wrote:
These are some considerations:1.
Unfortunately in reality; what you
mentioned is true. 3 + years ago; bigger
brand new 99year old condo units can go
for 800K or 900K.2. Thus, today, when
the supply has not caught up; be
prepared to pay even 1.5M for a new 99
year old leasehold apartment.3. Frankly
majority would prefer to buy brand-new.
Even for freehold apartments. 4. If you
have no choice from 2013 to early 2015;
can understand, you may have to adjust
your personal THRESHOLD. Given that you
have a size constraint.5. Thus, in real
life; after 2015; when the glut
especially more and more supply + TOP;
then I feel the threshold of $1.2M is
achievable. 6. For practical reasons;
the current insurance is at least a 99
leasehold (close to or next to) an MRT
is better than one that is no where near
one.7. For example, one of my old
client; wanted a bigger flat. They sold
their freehold condo in River valley
road. And the criteria is to get a
bigger flat. 7.1. As originally, wife
can't conceive. And by coincidence;
after the Feng Shui; just gave birth to
a baby boy. Went with them to view
several flats. We had a chat and
fortunately, they nearly wanted to buy a
penthouse for
1.2m at Parkview EC;
Sengkang. 7.2. They instead finally
bought a 99year at Kovan Residence.
(quite new as TOP pretty recent).7.3.
Although 99 years but just a few metres
away from Kovan Residence.8. Thus, given
that they had similar constraints
"bigger" flat; at least their trump card
is still a home that is "next" to an
MRT. Compared to the Parkview EC. In
rental or resale; which will be a better
insurance?On 10/4/2013 2:03:10 AM,
Anonymous wrote:
Wah, thank you very
much. Really set us
thinking...but
new development don't
have 1 to 1.2m
pricing. Buy resale? We
need at
least 1200 sq ft hse. Still have
profit margin for old house
especially
when come 2016, when
there is
oversupply, old house may
not be as
attractive as the newer
ones...what's
your opinion on
this?On 10/3/2013
8:48:38 AM, Cecil
Lee wrote:
Attached is a chart
showing my
personal
threshold for purchase of a home
in
Singapore:1. I don't
mind
paying
$1m to $1.2m for
a 99year leasehold
especially if
it has certain
advantages
e.g. short distance to an MRT
station
(not LRT). Or within
1KM to a good
school.2. I will
not consider
anything
above
$1.2m for 99year leaseholds;
in my
opinion and not as mentioned
under
Para
1.3. 999 years
come under the above
consideration. In Singapore,
most if
not
all 999 year
homes as if I am not
mistaken
they have only around 7xx+
years
left.On 10/3/2013 5:26:03 AM,
Cecil Lee wrote:
In the
government
master plan;
there seems to be a
new
MRT
station on the existing

North-South line.In the
master
plan; it shows
"Canberra MRT
station". If
so, in the future
(perhaps)
it would be good
news
for the aged Yishun
Emerald
condo;
the newly under
construction
Eight
Courtyards;
One Canberra and
near-by
Yishun flats. As
the people;
there may
perhaps one fine
day;
do
not need to take a
feeder
service
to the Yishun
MRT
station.Attachment
showing
the suspected future
(don't
know when - if
ever) Canberra
MRT station

[myfs_157293]

On 10/4/2013 6:11:15 PM, Cecil Lee wrote:
I totally agree with you. so been eyeing on kovan melody and kovan residences. Kovan residences is quite expensive wor. Now it almost 1300 psf. Must wait a while to break even...
last weekend drove pass kovan residences, it seems to be sitting in a 'basin'...so should quite a good fengshui Plc.
just wondering property near mrt or on top of mrt stn, do thay have bad qi and therefore affect fengshui?

[Cecil Lee]

These are some considerations:

1. If the development was built before the MRT; then if somehow; due to soil settlement; buildings + foundations start to crack. This is the chief (common sense) reason why some say no good Feng Shui.

2. If the site/ development was built inconjuction or after the MRT has been built = excellent!

2.1 As our MRT stations are one of the deepest and heavily fortified and act as bomb shelters.

2.3 Thus, look at it this way; if we have a war; I would prefer an MRT shelter next to my home; better than my unit's own bomb shelter. Any bunker busting bomb can still penetrate my #07-xx unit;

2.4 Kovan Residences used to the the site of Simon Market. I will elaborate (another time) on a market that was once located at/outside Katong Mall: now I12.
3. I truly empathise with you; during this period when the govt. Was under auto-pilot for the last 12 years; just woke up; but ....
On 10/8/2013 3:39:09 AM, Anonymous wrote:

Quote

On 10/4/2013 6:11:15 PM, Cecil Lee
wrote:
I totally agree with you. so been eyeing
on kovan melody and kovan residences.
Kovan residences is quite expensive wor.
Now it almost 1300 psf. Must wait a
while to break even...last weekend drove
pass kovan residences, it seems to be
sitting in a 'basin'...so should quite a
good fengshui Plc.just wondering
property near mrt or on top of mrt stn,
do thay have bad qi and therefore affect
fengshui?

[Cecil Lee]

1. Frankly, I have nothing against PR's or foreigners;

2. End of last year; I exit out of my remaing 99year (12 plus year condo unit); a PR couple bought the unit @Seletar Springs). As their 5year old (bought new direct from govt.) was eligible to be sold.

2.1 I know this clesrly as the couple lived in the Fenvale HDB estate behind my condo.

3. A taxi driver did not believe me when I told him so; his understanding is that PRs must buy on the second-hand market.
3.1 Foreigners and although I was happy that I sold mine unit to a PR; pent up the demand for the temp. Short supply. For the world's highest paid; I feel that this is unacceptable.

4. Last year or earlier; I posted a sign signage that says something like: "Foreigner got special approval to purchase landed. HP: ".

5. I feel that it is the govt. On auto-pilot for the last 12 years + the head + all ministers forgot to match the increase in population with the infrastructure. For property; the key ingredient was Ex-minister Mah BT.
On 10/8/2013 8:01:55 AM, Cecil Lee wrote:

Quote

These are some considerations:1. If the
development was built before the MRT;
then if somehow; due to soil
settlement; buildings + foundations
start to crack.2. If the site/
development was built inconjuction or
after the MRT has been built =
excellent!2.1 As our MRT stations are
one of the deepest and heavily fortified
and act as bomb shelters.2.3 Thus, look
at it this way; if we have a war; I
would prefer an MRT shelter next to my
home; better than my unit's own bomb
shelter. Any bunker busting bomb can
still penetrate my #07-xx unit;2.4
Kovan Residences used to the the site of
Simon Market. I will elaborate (another
time) on a market that was once located
at/outside Katong Mall: now I12.3. I
truly empathise with you; during this
period when the govt. Was under
auto-pilot for the last 12 years; just
woke up; but ....On 10/8/2013 3:39:09
AM, Anonymous wrote:
On 10/4/2013 6:11:15 PM, Cecil Lee
wrote:
I totally agree with you. so been
eyeing
on kovan melody and kovan
residences.
Kovan residences is quite expensive
wor.
Now it almost 1300 psf. Must wait a
while to break even...last weekend
drove
pass kovan residences, it seems to
be
sitting in a 'basin'...so should
quite a
good fengshui Plc.just wondering
property near mrt or on top of mrt
stn,
do thay have bad qi and therefore
affect
fengshui?

[Cecil Lee]

If one walks pastthe junction between Upper Serangoon Road and Tampines Road (Kovan Residences) one can view a poultry seller selling a chicken (cock) to a lady.
There are also a geese and a duck at the corner.
Kovan Residences happens to be the site of the Simon Road Market in the 1943's.

Quote

On 10/8/2013 9:55:34 AM, Anonymous wrote:
1. Frankly, I have nothing against PR's
or foreigners;2. End of last year; I
exit out of my remaing 99year (12 plus
year condo unit); a PR couple bought the
unit @Seletar Springs). As their 5year
old (bought new direct from govt.) was
eligible to be sold. 2.1 I know
this clesrly as the couple lived in the
Fenvale HDB estate behind my
condo.3. A taxi driver did not
believe me when I told him so; his
understanding is that PRs must buy on
the second-hand market.3.1 Foreigners
and although I was happy that I sold
mine unit to a PR; pent up the demand
for the temp. Short supply. For the
world's highest paid; I feel that this
is unacceptable.4. Last year or earlier;
I posted a sign signage that says
something like: "Foreigner got special
approval to purchase landed. HP:
".5. I feel that it is the govt.
On auto-pilot for the last 12 years +
the head + all ministers forgot to match
the increase in population with the
infrastructure. For property; the key
ingredient was Ex-minister Mah
BT.On 10/8/2013 8:01:55 AM, Cecil
Lee wrote:
These are some considerations:1. If
the
development was built before the
MRT;
then if somehow; due to soil
settlement; buildings + foundations
start to crack.2. If the site/
development was built inconjuction
or
after the MRT has been built =
excellent!2.1 As our MRT stations
are
one of the deepest and heavily
fortified
and act as bomb shelters.2.3 Thus,
look
at it this way; if we have a war; I
would prefer an MRT shelter next to
my
home; better than my unit's own bomb
shelter. Any bunker busting bomb can
still penetrate my #07-xx
unit;2.4
Kovan Residences used to the the
site of
Simon Market. I will elaborate
(another
time) on a market that was once
located
at/outside Katong Mall: now I12.3. I
truly empathise with you; during
this
period when the govt. Was under
auto-pilot for the last 12 years;
just
woke up; but ....On 10/8/2013
3:39:09
AM, Anonymous wrote:
On 10/4/2013 6:11:15 PM, Cecil
Lee
wrote:
I totally agree with you. so
been
eyeing
on kovan melody and kovan
residences.
Kovan residences is quite
expensive
wor.
Now it almost 1300 psf. Must
wait a
while to break even...last
weekend
drove
pass kovan residences, it seems
to
be
sitting in a 'basin'...so should
quite a
good fengshui Plc.just wondering
property near mrt or on top of
mrt
stn,
do thay have bad qi and
therefore
affect
fengshui?

[Cecil Lee]

Time flies. I though I got my keys to a 99 year old house, yesterday!
But I think I have already stayed there for more than 10 years!
Note: In my opinion, this applies to SGP properties especially HDB, condo, EC condo, private apartments that costs $1M to $1.2M and above.
If it is just a $400K or even $800K, property... what the heck; have to live-with-it. Or wait for one fine day, perhaps a utopian situation where a future govt. will up the lease-period or add 99 years, more to eligible citizens for free or pay a nominal fee?

Quote

On 10/8/2013 5:06:17 PM, Anonymous wrote:
If one walks pastthe junction
between Upper Serangoon Road and
Tampines Road (Kovan Residences) one can
view a poultry seller selling a chicken
(cock) to a lady.There are also a geese
and a duck at the corner.Kovan
Residences happens to be the site of the
Simon Road Market in the 1943's.On
10/8/2013 9:55:34 AM, Cecil Lee wrote:
1. Frankly, I have nothing against
PR's
or foreigners;2. End of last
year; I
exit out of my remaing
99year (12 plus
year condo unit); a
PR couple bought the
unit @Seletar
Springs). As their 5year
old (bought
new direct from govt.) was
eligible
to be sold. 2.1 I know
this
clesrly as the couple lived in the
Fenvale HDB estate behind my
condo.3. A taxi driver did not
believe me when I told him so; his
understanding is that PRs must buy
on
the second-hand market.3.1
Foreigners
and although I was happy
that I sold
mine unit to a PR; pent
up the demand
for the temp. Short
supply. For the
world's highest
paid; I feel that this
is
unacceptable.4. Last year or earlier;
I posted a sign signage that says
something like: "Foreigner got
special
approval to purchase landed.
HP:
".5. I feel that it
is the govt.
On auto-pilot for the
last 12 years +
the head + all
ministers forgot to match
the
increase in population with the
infrastructure. For property; the
key
ingredient was Ex-minister Mah
BT.On 10/8/2013 8:01:55 AM,
Cecil
Lee wrote:
These are
some considerations:1. If
the
development was built before the
MRT;
then if somehow;
due to soil
settlement;
buildings + foundations
start to
crack.2. If the site/
development was built
inconjuction
or
after the
MRT has been built =
excellent!2.1 As our MRT
stations
are
one of the
deepest and heavily
fortified
and act as bomb shelters.2.3
Thus,
look
at it this way;
if we have a war; I
would prefer
an MRT shelter next to
my
home; better than my unit's own
bomb
shelter. Any bunker busting
bomb can
still penetrate my
#07-xx
unit;2.4
Kovan
Residences used to the the
site of
Simon Market. I will elaborate
(another
time) on a market
that was once
located
at/outside Katong Mall: now
I12.3. I
truly empathise with
you; during
this
period when
the govt. Was under
auto-pilot
for the last 12 years;
just
woke up; but ....On 10/8/2013
3:39:09
AM, Anonymous wrote:

On 10/4/2013 6:11:15 PM,
Cecil
Lee
wrote:

I totally agree with you. so
been
eyeing
on
kovan melody and kovan
residences.
Kovan
residences is quite
expensive
wor.
Now it almost
1300 psf. Must
wait a

while to break even...last
weekend
drove

pass kovan residences, it
seems
to
be

sitting in a 'basin'...so
should
quite a
good
fengshui Plc.just wondering

property near mrt or on top
of
mrt
stn,
do
thay have bad qi and
therefore
affect
fengshui?

[Cecil Lee]

How can my great-grand-father be that STU-PIG!

[Cecil Lee]

Progress photos of last year's purchase @Katong...

[Cecil Lee]

Suddenly from low birth-rate of public + private residential to a whopping

Quote

200,000 homes in 2016!
I think some who had bought homes will not sleep well come 2016 onwards ... assuming that the population "growth" (especially Foreign)has been curbed.
We are making good progress in our ramp-up of home building programme. The number of new public and private residential units ready for occupation in the next three years is increasing. Our earlier projection (197,559) has been outstrippe...d. The new number now is 204,461. For this year, more than 21,000 residential units have already been built; another 9,220 units will be ready by year end.
More detailed data is available at the following URA and HDB webpages:
Private Property: http://bit.ly/1heDZGp
Upcoming Housing Supply: http://sg.sg/13KzcWs
Transacted Sale Price: http://sg.sg/WlCw4F
Rental Rates for Individual Flats: http://sg.sg/WXtY7L

Source: https://www.facebook.com/ministerkhawboonwan

[Cecil Lee]

Related resource materials:
http://forum.geomancy.net/phpforum/article.php?bid=2&fid=43&mid=32129&new=

Quote

On 10/25/2013 10:07:59 PM, Anonymous wrote:

Suddenly from low birth-rate
of public + private
residential to a whopping
200,000 homes in 2016!I
think some who had bought
homes will not sleep well come
2016 onwards ... assuming that
the population "growth"
(especially Foreign)has
been curbed.We are making good
progress in our ramp-up of
home building programme. The
number of new public and
private residential units
ready for occupation in the
next three years is
increasing. Our earlier
projection (197,559) has been
outstrippe...d. The new number
now is 204,461. For this year,
more than 21,000 residential
units have already been built;
another 9,220 units will be
ready by year end. More
detailed data is available at
the following URA and HDB
webpagesrivate Property:
http://bit.ly/1heDZGp Upcoming
Housing Supply:
http://sg.sg/13KzcWs
Transacted Sale Price:
http://sg.sg/WlCw4F Rental
Rates for Individual Flats:
http://sg.sg/WXtY7L

Source:
https://www.facebook.com/minis
terkhawboonwan

[Cecil Lee]

Spike in number of flatssold below valuation
By RACHEL AU-YONG
THE number of Housing Boardflats being sold below valuationhas rocketed, as tighter mortgage
rules eat into demand.
According to HDB's latest figures, 105 units were sold in October for less than their appraisal.
This accounted for 7 per cent ofthe total resale volume, a markedincrease on the average 0.3 per
cent for each month of the firsthalf of the year.
This means around four timesas many flats were sold below valuation in October alone than
over the whole of January toJune, when there was an averageof five such transactions every
month.
This has forced sellers, suchas assistant manager RaymondKoh, 37, to adjust expectations.
After asking for a cash-over-valuation (GOV) of $20,000 forhis $526,000 five-roomer in
PunggoJ earlier this year and finding no buyers, he cut his price. "Ilowered my GOV to $10,000,
then $5,000, then zero," he said."Then I started going negative."
Today, his second-floor,nine-year-old flat is on sale for$20,000 below valuation.
The lower mortgage servicingratio, shorter loan tenure andthree-year wait before new
permanent residents can buypublic flats - announced in quicksuccession since August - have
cooled interest. Median COV,the cash amount which buyerstypically pay on top of valuation
of a resale unit, fell from $35,000in January to $12,000 in October.Some sellers are no longer asking for COVs, and some are pricing flats even below valuation.
OrangeTee research head Christine Li thinks the main COV killer is the stricter mortgage rules.
In August, the Housing Boardannounced that resale buyers canuse up to only 30 per cent of
their gross monthly income to repay loans with HDB, down from35 per cent. This is in line with
the mortgage servicing ratio announced in January for loansfrom private banks.
"Because buyers, especiallyyoung couples, can now take outonly smaller loans, the additional
portion has to be fronted bycash, which eats into their abilityto pay COVs," she said.
Some flats will be hit worsethan others, said analysts.In Punggol and Sengkang, or
larger estates in outlying areassuch as Choa Chu Kang, the ramping up of new Build-To-Order
flats has come at the same timeas owners of neighbouring blocksbeing allowed to sell after a typi
cal five-year minimum occupation period, said PropNex chiefexecutive Mohamed Ismail.
"And if you live on the secondfloor, facing the rubbish chute -it's a triple whammy," he said.
"Your COV will, of course, fall."Owners such as divorcing couples or those who have pur-
chased a new flat may have littlechoice but to sell.
Mr Koh has not bought a flatyet, but wants to upgrade to anexecutive apartment or a condo-
minium in Sengkang, near theschool of his choice for hisfive-year-old son. But he is ada-
mant that $20,000 below valuation is as low as he is willing togo. "Any lower and 1 might a?
well continue living here."
Source: The Straits Times, Dec 2, 2013

Quote

On 12/2/2013 7:05:33 AM, Anonymous wrote:
Invest, The Straits TimesDecember
1, 2013 Sunday Overseas property galore
for buyers More foreign projects are
being launched in Singapore, and
interest is strong Rachael
BoonOverseas property continues to
lure local investors with developers
seeming to jet in every other week- end
offering new launches. DTZ Singapore
research head Lee Lay Keng said about
107 Lon- don projects alone, including
stu- dent accommodation blocks, have
been brought to Singapore for sale ! by
various agencies this
year.Consultancy Colliers Interna-
tional data shows an increasing number
of Singapore investors have been buying
London property over the past 12 months,
about 25 per cent more than a year
earlier. Mr Julian Sedgwick of .Savills
Sin- gapore says: "It is hard to track
the number of different launches in Sin-
gapore but we have certainly seen an
increase in the number of launches this
year compared with last year."He
says this could be due to cool- ing
measures in Singapore and an increase in
local agencies trying to sell
international property. "The key cities
of interest are London, Sydney,
Melbourne, Bang- kok, New York, Kuala
Lumpur, To- kyo and growing interest in
Ma- nila," he adds.Mrs Doris Tan
of Jones Lang La- a!* has also seen
strong growth in PHOTO BLOOMBERG About
107 London projects alone have been
brought to Singapore for sale by various
agencies this year, says DTZ Singapore
research head Lee Lay Keng. sales for
these cities. "We sold close to 800
units of London properties to
Singaporeans, which is about 80 per cent
of the total property pur- chases made
this year, and about 150 Tokyo
properties to Singapore- ans as
well."Singaporeans are also among the
top foreign investors in the Bangkok
condominium market, ac- counting for 18
per cent of CBRE sales to overseas
buyers this year, says Ms Aliwassa
Pathnadabutr, managing director at
property con- sultancy CB Richard Ellis
in Thai- land."Singapore is ranked
second af- ter Hong Kong in terms of top
for- eign investors in Bangkok's down-
town condominium market," she adds.
However, there are certain risks and
restrictions in the various cities and
countries when it comes to buy- ing
property overseas. Australia has
restrictions on over- seas investors
wanting to buy pre-existing properties,
according to Savills' Australian office.
If you are looking to move there,
Australia's Significant Investor Visa
requires an investment of ASS mil- lion
(SS5.7 million) in complying investments
for a minimum of four years before being
eligible to apply for a permanent
visa.CBRE's Ms Pathnadabutr says
buying condo units in Thailand is the
simplest and safest for foreign
investors while serviced apart- ments
are not available for individ- ual sale.
Foreign investors cannot own land in
Thailand.She adds: "Most foreign
investors, including Singaporeans,
therefore choose to invest in
freeholdcondominiums."There
are so many options on the table that
there seems to be something for every
investor in each city, depending on the
bud- get.Take a buyer with
$500,000 to $600,000 to spend. Savills'
Mr Sedgwick says: "You are looking at a
one-bed (flat) in a zone two location of
London or a high-end condo in Thailand.
In Melbourne, you could be looking at a
one- or two-bed in the central business
district and perhaps a one-bed or studio
in Sydney." rachaelb@sph.com.sg See
Invest Page 34On 10/25/2013
10:17:09 PM, Cecil Lee wrote:
Related resource
materials:http://forum.geomancy.net/
phpf
orum/article.php?bid=2&fid=43&mid=32
129&
new=On 10/25/2013 10:07:59 PM, Cecil
Lee
wrote: > > > >Suddenly
from
low birth-rate >of public +
private
residential to a whopping
200,000 homes in 2016!I
think some who had bought
homes
will not sleep well come >2016
onwards ... assuming that >the
population "growth" >(especially
Foreign)has >been curbed.We
are
making good >progress in our
ramp-up
of >home building programme. The
number of new public and
private
residential units >ready for
occupation in the >next three
years
is >increasing. Our earlier
projection (197,559) has been
outstrippe...d. The new number
now is 204,461. For this year,
more than 21,000 residential
units have already been built;
another 9,220 units will be
ready by year end. More
detailed
data is available at >the
following
URA and HDB >webpagesrivate
Property:
http://bit.ly/1heDZGp Upcoming
Housing Supply:
http://sg.sg/13KzcWs
Transacted
Sale Price: >http://sg.sg/WlCw4F
Rental >Rates for Individual
Flats:
http://sg.sg/WXtY7L > >
>
Source:
https://www.facebook.com/minis
terkhawboonwan