Sniffing out a good property bargain – 22 Oct 2014
Posted on October 22nd, 2014 in Local Property Market
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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