Monthly Archives: October 2014

Sniffing out a good property bargain – 22 Oct 2014

Posted on October 22nd, 2014 in Local Property Market

 

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Sniffing out a good property deal requires good research and effort. When you can save up to a couple of millions by doing so, such ground work and due diligence is well worth the effort.

We looked at some property developments where there have been recent distressed sale.  Not all distressed properties end up in mortgagee auctions.  To put it simply, as long as the seller is forced to sell at below purchase price, it is a distressed sale. We’re giving you a headstart by providing you with a couple of developments that have seeen such distressed sales.  But before you jump into it,  make sure you have your finances well in place.  Don’t by the next distressed property seller!

If you need further advice, feel free to contact our Principal Coach, Douglas who is also a licenced realtor. Happy Deepavali Holidays!

Project
Sold on
Bought on
Sell Price ($PSF)
Buy Price ($PSF)
Loss ($)
Area (Sq ft)
ROBINSON
SUITES
28-Apr-14 27-Dec-10 2,273 2,941 -338,000 506
25-Apr-14 27-Dec-10 2,250 2,882 -319,500 506
25-Apr-14 27-Dec-10 2,352 2,999 -327,000 506
25-Apr-14 27-Dec-10 2,300 2,979 -343,200 506
WATERSCAPE
AT CAVENAGH
9-May-14 30-Jun-10 1,636 2,059 -800,000 1,894
THE
GLYNDEBOURNE
24-Apr-14 16-Nov-10 1,900 2,180 -411,900 1,475
CUBIK 9-Jun-14 9-Feb-10 1,134 1,218 -93,734 1,119
HELIOS
RESIDENCES
12-May-14 27-Jun-07

2,781 3,070 -491,450 1,701
TURQUOISE
(Sentosa Cove)
24-Jul-14 2-Nov-07 1,450 2,553 -3,064,160 2,777
22-Jul-14 2-Nov-07 1,397 2,558 -3,225,120 2,777
76 SHENTON 11-Sep-14 8-Apr-10 1,187 1,661 -459,300 969

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