Thursday, November 01, 2007

Property fever

Last Sat we went for a good friend's (my ex-colleague) housewarming lunch. She & the husband bought this apartment in Eunos at the right time, just before the surge. It's a 3+1 but they commented that the overall area size was smaller than ours. We told them that it's either location or size. Unless you are really rich to be able to afford both. For theirs, there's actually nothing much to criticize about... They like small development & for one with total 44 units, a "fish tank" swimming pool (transparent walls), gym & kids' playground are all accomodated. Also comes with a see-through balcony & all needed like backyard, bomb shelter, maid's toilet... They paid less than $700k for their pool view unit & the biggest attraction is the approx 5-min walk to/from Eunos MRT station. Was such a good deal. She said a few months back similar unit was sold for $1 million!

As for TM's, he bought his 4-bedroom unit in Tiong Bahru for less than $800k & now collects a monthly rent of $5k. Whoopz!

Even our place, there had been calls asking whether we would be interested to sell/rent out. The price was definitely better than in the past but we opted out. Sell high, buy high too.

But the market is kinda cooling down now.

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