[Sline]

Was at showflat. Everyone is like buying vegetable with so high price.

[WhatDoYouThink?]

now leasehold new launches aso asking $1900 to 2000 psf. some even 2500 to 2700

[Blasterlord2]

How come people not scared of rising interest rate?

[Spiderman]

Wash black money

[sgbuffett]

Developer break even is $1833 psf.
Avg psf $2000

3bed room unit is 1377sq ft. Works out to $2.6M avg price.
A $2M mortgage  loan servicing cost is $10K a month for a 30yr loan assuming interest rate of 2.6%. If interest rate goes to 4-5% the monthly payment will shoot up.

Wow the maths tells us many rich Singaporeans around.

All this totally makes no sense to me all the condo has are just  the tennis court swimming pools but most of the public facilities or SAFRA already have and people seldom use. One can just stay HDB and use these facilities which are often much better. Within 4 walls of a condo really so different from HDB to pay this kind of money?..its mind-boggling!!!

The location in AMK is also nothing impressive..

But 2000 psf is so common these days. Last one in remember in Bishan was also 2000+. In Tampine so far East also $1600.

Reminds me of this video when people perception becomes distorted and they willing to pay excessively just to follow trend and feel higher class. But if one look objectively what they pay for will make very little real difference to their lives.

Condo is like luxury goods e.g. Gucci people just over pay without thinking hoping someone else come along to buy at higher price from them

L

[WhatDoYouThink?]

many got free loan from parents. savings, cpf, sale of properties,...

[sgbuffett]

Economic crisis and recessions are a thing of the past and will never happen in Singapore.....that seems to be assumptions of buyers and property agents.

[klat]

Still got many units left.

Hurry

[Gstalk]

AMO was 4 times oversubscribed. How cu.m sinkees so rich?

Even can afford to buy more than $100K coe paper

[A2Z]

It has been proven that despite all the cooling measures the prices keep wanting to go to moon.

[watchfirst9]

Was at showflat. Everyone is like buying vegetable with so high price.

Sg economy is booming,
or they buy for others..

[Rubitin]

AMO was 4 times oversubscribed. How cu.m sinkees so rich?

Even can afford to buy more than $100K coe paper

Simtain was saying next year price will shoot up , now is not even next year.  chart don lies.

[Stoki]

This is terible. How to afford to “upgrade” from a big HDB 5 room to a small 3 bedroom condo?

[sgbuffett]

This is terible. How to afford to “upgrade” from a big HDB 5 room to a small 3 bedroom condo?

That is a downgrade not upgrade.

[SgWinner]

wow, AMK condo new launch at $2K per sqf selling out already !

[starbugs]

For that kind of psf, you can get a 20 year old freehold in Bukit timah area. It's obvious what the buyers' intentions: flipping after TOP. Several YouTube gurus have been pitching the greater fool theory to their followers.

[mikotan]

Paying 2k psf for 99 years condo in AMK! I rather buy a old mansionette and throw in 200k reno to make it look like a condo.

[WhatDoYouThink?]

must admit they'd done an excellent marketing job, much like those who sell snake oil koyoks.

[Stoki]

Next up is pine grove new condo in ulu pandan, far away from any mrt station.  Expect more than $2200 psf, 99 leasehold property.

[cwc29]

My Bro from one of so called developers hints faster buy now if not price may shoot to moon sooon … I tell him me bo lui sub thumbs …

[lylcnn]

With FOMO, will Singaporeans become used to paying across 2 or 3 generations? If so there is still a lot of room for price surge.....

[[[ForeverAlone]]]

claim most buyers are " Locals " I don't know now a days yes some are True blue locals but on the other hand is New Citizen they also consider as " locals "

[cwc29]

claim most buyers are " Locals " I don't know now a days yes some are True blue locals but on the other hand is New Citizen they also consider as " locals "

If Few kongsi can flips liao ma… after ToP sell makes easy $$$….

[babygirl]

claim most buyers are " Locals " I don't know now a days yes some are True blue locals but on the other hand is New Citizen they also consider as " locals "

[victortan]

How come people not scared of rising interest rate?

Because they think rate is gg higher later, so better faster buy and secure ceap rate first.

[Gstalk]

Because they think rate is gg higher later, so better faster buy and secure ceap rate first.

No lah, the loan interest rate in Sg will never rise very high. The most is 2.6%, or slightly higher than cpf interest rate. 
Then the G can keep the interest rate of cpf at 2.5% for a long time.

[Stoki]

When I look at the building, it really looks like another HDB BTO block, but selling at around triple (psf) the price of a BTO flat.

Really ridiculous

[A2Z]

Hate to say this those who stay in HDB feel '2nd class' die die want to stay in private shoebox flats. A private address give perception of 'I have arrived'. Many school children in good schools feel pressure when their classmates have private addresses. Many parents feel no face when colleagues have private addresses. Chat among them friends also no face if have hdb addresses. Welcome to Singapore Face.

[Zhaoyun]

The true blue Singaporeans can't afford these stuff. Majority are bought by the new citizens. PAP is screwing the true Singaporeans by inflation.

[Alice Alicia]

How many of these bookings are related to the developers and their relatives?