PDA

View Full Version : Waterfront Isle (D16, 99 year LH, Frasers Centrepoint / Far East Organization)



Pages : [1] 2 3

noblebaby
08-01-11, 13:59
Piling started, launching soon... :cheers1:

http://img641.imageshack.us/img641/955/i01e.jpg

http://img842.imageshack.us/img842/2388/g02l.jpg

noblebaby
09-01-11, 22:39
Waterfront Isle...

http://img192.imageshack.us/img192/3307/wfiv.jpg

rainy
14-01-11, 08:25
still launching soon :cool: :cool: :cool:

noblebaby
15-01-11, 08:28
FEO will brief on this project on 16th Jan, 10:30am... At waterfront showflat...


still launching soon :cool: :cool: :cool:

azeoprop
15-01-11, 08:40
600psf? :rolleyes:

mantrix
15-01-11, 08:55
600psf? :rolleyes:

No more 1400 ala greenwich that's for sure :)

wkang1970
15-01-11, 11:37
600psf? :rolleyes:

:tsk-tsk: can consider if 580 psf

devilplate
15-01-11, 11:46
:tsk-tsk: can consider if 580 psf

u r damn greedy...well anything is possible...int rate shoot up above 5%+stagflation+pro-longed double dip recession of more den 3yrs...

but when it happens, most ppl will be complaining abt job security, low pay and their businesses rather den buying ppty...hehe

noblebaby
16-01-11, 22:42
According to FEO, Isle will b launched after CNY... The pricing will b the highest among Waterfront projects... 2 blocks will b launched first, all 1 n 2 bedders...

eng81157
17-01-11, 07:31
this is simply an overkill. how many reservoir-front developments are there with names containing "waterfront"???

and FEO's waterfront gold isn't fully sold yet but it's still launching this.....:doh:

rainy
17-01-11, 08:21
this is simply an overkill. how many reservoir-front developments are there with names containing "waterfront"???

and FEO's waterfront gold isn't fully sold yet but it's still launching this.....:doh:

ya ... once waterfront isle launched , waterfront key which is cheaper will be sold out followed by waterfront gold ... in the end ... waterfront waves benefit ... ha ha

blackpepperj
18-01-11, 10:53
Once all these condos are up, wouldnt they make this place very congested?

A quick search will reveal this:
Aquarius by the Park - 720 units
Baywater - 232
The Clearwater - 420
Waterfront Keys - 437
Waterfront Waves - 460
Waterfront Gold - 362
Waterfront Isle - ?

Future development:
Bedok Reservoir Road / Bedok North Road - 640 units

Away from this crowd but with similar view:
The Tropica - 537 units
Waterview - 696

devilplate
18-01-11, 11:03
Once all these condos are up, wouldnt they make this place very congested?

A quick search will reveal this:
Aquarius by the Park - 720 units
Baywater - 232
The Clearwater - 420
Waterfront Keys - 437
Waterfront Waves - 460
Waterfront Gold - 362
Waterfront Isle - ?

Future development:
Bedok Reservoir Road / Bedok North Road - 640 units

Away from this crowd but with similar view:
The Tropica - 537 units
Waterview - 696

tats y raising COE and build a 2 MRT stops at both ends...:D

noblebaby
18-01-11, 11:11
actually it is 3 new stations... :D


tats y raising COE and build a 2 MRT stops at both ends...:D

blackpepperj
18-01-11, 11:37
Waterfront Isle is smack right in the middle of this cluster.

If given the choice, i would think the latest parcel of land in URA confirm list offers a better buy, due to it's location, assuming it has a more exclusive feel since it's away from the congestion.

How much more can FEO price Isle for?

devilplate
18-01-11, 11:44
Waterfront Isle is smack right in the middle of this cluster.

If given the choice, i would think the latest parcel of land in URA confirm list offers a better buy, due to it's location, assuming it has a more exclusive feel since it's away from the congestion.

How much more can FEO price Isle for?

y u challange FEO? ppl got tons of $$$ and u got?

noblebaby
18-01-11, 12:47
Isle should hit $1350psf :sleep:

Waves
unit with the highest psf sold - $990psf

Key
84% sold.
unit with the highest psf sold - $1,107psf

Gold
75% sold
unit with the highest psf sold - $1,278psf



Waterfront Isle is smack right in the middle of this cluster.

If given the choice, i would think the latest parcel of land in URA confirm list offers a better buy, due to it's location, assuming it has a more exclusive feel since it's away from the congestion.

How much more can FEO price Isle for?

noblebaby
18-01-11, 12:48
Waterfront Isle

Site Area : 223,892 Sq Ft
No of Towers : 4
No of Storeys : 15
No of Units : 561
No of Carparks : Appx 581 lots

Units Availability

1 Bedroom : 122 units / 600-881 sq ft
2 Bedroom : 204 units / 921 - 1249 sq ft
3 Bedroom Compact : 87 units / 1153 - 1261 sq ft
3 Bedroom : 101 units / 1253 - 1428 sq ft
4 Bedroom Compact : 43 units / 1414 - 1480 sq ft
Penthouse : 4 units / 2484 -2934 sq ft

blackpepperj
18-01-11, 15:17
Key and Waves do not have 1 bedders. Isle is selling after 4th cooling measure and further away from MRT station.

Anyways, what do i know, FEO has tons of $$$ :ashamed1:



Isle should hit $1350psf :sleep:

Waves
unit with the highest psf sold - $990psf

Key
84% sold.
unit with the highest psf sold - $1,107psf

Gold
75% sold
unit with the highest psf sold - $1,278psf

pod
18-01-11, 15:20
juz drove pass the reservoir rd yesterday morning..

super jammed pack road... so many rds for turning left & right all the way to ubi area....

When all condos up n ready in full swing.. sure jam daily! :doh:

noblebaby
18-01-11, 16:22
yup will be jam like hell, need to request to MP to expand the road. :banghead:


juz drove pass the reservoir rd yesterday morning..

super jammed pack road... so many rds for turning left & right all the way to ubi area....

When all condos up n ready in full swing.. sure jam daily! :doh:

noblebaby
18-01-11, 21:27
http://www.fareast.com.sg/FEOCorp.Upload/CMS/WFIbanner.jpg

noblebaby
18-01-11, 21:32
Launching Soon!

Occupying the most strategic parcel of the waterfront collection, Waterfront Isle consisting of five residential towers is a luxurious development that will enjoy panoramic views of the reservoir. Located opposite the scenic Bedok Reservoir Park, Waterfront Isle is the last and final plot of the four reservoir-fronting developments that comprise the Waterfront Collection.

Consisting of 561 apartments overlooking the picturesque reservoir, Waterfront Isle will be a 15-storey project with apartments ranging in size from 598 – 2930 sq ft.

The upcoming Bedok Reservoir MRT station, which is part of the future Downtown Line 3 (DTL 3), will be within walking distance when completed in 2017.

DTL 3 will be connected to the Circle Line and the East-West Line, enhancing connectivity for residents with direct links to other parts of Singapore. In addition, Bedok Reservoir and the East Coast Park will be directly linked by a 3.8km green corridor under the $1 billion Remaking Our Heartland programme.

pod
18-01-11, 21:37
yup will be jam like hell, need to request to MP to expand the road. :banghead:


How to expand when the road boundary is limited...

IMO, only way to solve it is M_R_T. Perhaps more petition from residents?

Or build a bridge across the reservoir to the quarry side? hahaha.. ok i am joking... dun kan me..:D cos that was how i felt when i was caught in the blardy jam@#?!@:o;)

DAVID
19-01-11, 08:36
I guess that is the reason why the govt decided to built the MRT station just behind Waterfront Collection. I reckon that when all the 4 waterfront projects are completed, those who want to enter Tampines town (one of the biggest town in Singapore) or travel to the city will take the PIE near Baywater. Hence, the road will be used mainly by the residents of Waterfront Collection and the HDB flat residents. Nevertheless the road will definitely be more busy. Hoping it will not be jam like hell. To increase the current 3 lanes to 4 will make the area very busy and eat into the walking paths.


yup will be jam like hell, need to request to MP to expand the road. :banghead:

DC33_2008
19-01-11, 09:00
This distance is in fact nearer from ubi to tampines via this road. It is really fast during off-peak period. Road widening is one of the better solution.
I guess that is the reason why the govt decided to built the MRT station just behind Waterfront Collection. I reckon that when all the 4 waterfront projects are completed, those who want to enter Tampines town (one of the biggest town in Singapore) or travel to the city will take the PIE near Baywater. Hence, the road will be used mainly by the residents of Waterfront Collection and the HDB flat residents. Nevertheless the road will definitely be more busy. Hoping it will not be jam like hell. To increase the current 3 lanes to 4 will make the area very busy and eat into the walking paths.

3C
19-01-11, 11:21
Why worry so much?
I would suggest the 4 collections to pool in funds to secure permanent
20 seaters buses to ferry them to MRT/Interchange at regular hours.
Residents can take anyone of the 4 buses.
Residents to convert their cars to off-peak cars and leave it at home.
Isnt it nice to have big logo on the buses "waterfront collection" biggest development in singapore:spliff: cheers!

noblebaby
19-01-11, 16:28
good idea!


Why worry so much?
I would suggest the 4 collections to pool in funds to secure permanent
20 seaters buses to ferry them to MRT/Interchange at regular hours.
Residents can take anyone of the 4 buses.
Residents to convert their cars to off-peak cars and leave it at home.
Isnt it nice to have big logo on the buses "waterfront collection" biggest development in singapore:spliff: cheers!

devilplate
19-01-11, 16:30
Why worry so much?
I would suggest the 4 collections to pool in funds to secure permanent
20 seaters buses to ferry them to MRT/Interchange at regular hours.
Residents can take anyone of the 4 buses.
Residents to convert their cars to off-peak cars and leave it at home.
Isnt it nice to have big logo on the buses "waterfront collection" biggest development in singapore:spliff: cheers!

but if its really so jammed during peak hrs....shuttle bus aso tio jammed leh?:beats-me-man:

noblebaby
19-01-11, 16:46
Think not every one stay in condo drive... Drive doesnt mean the person is rich... I know a person who is the head of investment bank, who alwaz take bus to go meeting outside...


but if its really so jammed during peak hrs....shuttle bus aso tio jammed leh?:beats-me-man:

devilplate
19-01-11, 16:51
Think not every one stay in condo drive... Drive doesnt mean the person is rich... I know a person who is the head of investment bank, who alwaz take bus to go meeting outside...
But there r many more poorer chaps who drives!!! Coe hit 100k is the only solution....lol

noblebaby
19-01-11, 16:54
Many r highly leveraged n want face...

Or 60% LTV for car also? Lol


But there r many more poorer chaps who drives!!! Coe hit 100k is the only solution....lol

azeoprop
19-01-11, 16:55
site plan here:
http://www.fareast.com.sg/FEOCorp.Web/index.aspx?page=home-prop-info&prop=289

blackpepperj
19-01-11, 17:14
People who bought Waterfront collection all rich one lah, die die also need to drive.

What is the proportion of buyers who took public transport when they went to sign on the dotted line for the purchase?

noblebaby
19-01-11, 17:22
http://www.fareast.com.sg/FEOCorp.Upload/CMS/siteplan%5B1%5D.jpg

noblebaby
19-01-11, 17:24
Reminded me The Quartz

http://www.fareast.com.sg/FEOCorp.Upload/CMS/Waterfront4.jpg

noblebaby
19-01-11, 17:25
http://www.fareast.com.sg/FEOCorp.Upload/CMS/Waterfront2.jpg

rainy
20-01-11, 08:35
so many stacks ... must be alot of 1 bedder and 2 bedder ... don't understand why the need for 2 tennis court ... such a waste of space

blackpepperj
20-01-11, 08:56
Because there will be 561 units, so need 2 tennis courts, i don't think 1 court will suffice.

This should be a plus point.


so many stacks ... must be alot of 1 bedder and 2 bedder ... don't understand why the need for 2 tennis court ... such a waste of space

mantrix
20-01-11, 09:40
i think Bedok reservoir is crowded enough with all these waterfront condos...we are talking close to 2000 units along that stretch...and the road only has 2 lanes?

3C
22-01-11, 09:59
but if its really so jammed during peak hrs....shuttle bus aso tio jammed leh?:beats-me-man:

That's why I am promoting Healthy lifestyle & save the environment ma:p . If more residents take the coaches during peak hrs that will greatly reduces the traffic. eg. if each of the 20 seaters X 4 (80 drivers) leave their cars behind.

Well agreed with some that if they can afford to live in condo why should they not drive and show how big their car, having tons of cash.

Maybe we have too much of luxury.
This has also given rise to many ailments due to lack of exercises. Take lift down basement carpark, walk few steps to parked car, same thing when reach office. We hardly walk more than 10 mins each day. :doh:

No wonder our soccer also deteriorated. Each time I see also heart pain.
They only can last the first half and we are still wondering what went wrong??:scared-4: Never have I see a Spore team like Thailand or Vietnam that can run round the field like crazy horses, for a full match.

noblebaby
22-01-11, 11:42
http://www.fareast.com.sg/FEOCorp.Upload/CMS/overallcopy.jpg

noblebaby
22-01-11, 11:43
http://www.fareast.com.sg/FEOCorp.Upload/CMS/spacopy.jpg

azeoprop
22-01-11, 13:49
Got roof top garden like waterfront gold? So those without reservoir view units still can get the view? :beats-me-man:

noblebaby
22-01-11, 16:48
Walk across the road n the reservoir is all urs...


Got roof top garden like waterfront gold? So those without reservoir view units still can get the view? :beats-me-man:

Sea
27-01-11, 10:13
Waterfront Isle:

Preview might be this Friday!!!*
From 850 PSF*

1 bedroom : Approx 600-660k*
2 bedroom : Approx 820-960k*

*Subject to Changes

Sms at 90686016 to register!!!!

noblebaby
27-01-11, 14:20
$950 to $1060 psf only... too low... maybe those facing HDB units.


Waterfront Isle:

Preview might be this Friday!!!*
From 850 PSF*

1 bedroom : Approx 600-660k*
2 bedroom : Approx 820-960k*

*Subject to Changes

Sms at 90686016 to register!!!!

DAVID
27-01-11, 16:11
If they are launching this Friday, so near CNY, they must be pretty desperate. I believe these prices are before the discount and free voucher


Waterfront Isle:

Preview might be this Friday!!!*
From 850 PSF*

1 bedroom : Approx 600-660k*
2 bedroom : Approx 820-960k*

*Subject to Changes

Sms at 90686016 to register!!!!

azeoprop
27-01-11, 17:21
Just got a call from FEO, soft launch tomorrow 2pm.... :scared-3:

jencrs
27-01-11, 22:57
Well, this is what I got on sms:

1) 3bdrm. $1,000k - $1,150k. $850 - $980 psf

2) 2bdrm. $820k - $920k. $890 - $970psf

3) 1bdrm. $600k - $630k. $950 - $1060psf

Open sale fm 1st to 7th floor.

Prices are after discounts and 5% furniture vouchers.

noblebaby
28-01-11, 06:40
1st - 7th floor for all stacks?


Well, this is what I got on sms:

1) 3bdrm. $1,000k - $1,150k. $850 - $980 psf

2) 2bdrm. $820k - $920k. $890 - $970psf

3) 1bdrm. $600k - $630k. $950 - $1060psf

Open sale fm 1st to 7th floor.

Prices are after discounts and 5% furniture vouchers.

noblebaby
28-01-11, 06:47
This project is solely developed by Far East and they are so kind to launch at such a low price...

eng81157
28-01-11, 08:54
This project is solely developed by Far East and they are so kind to launch at such a low price...

is 980psf for a 3BR unit considered low at that location???

blackpepperj
28-01-11, 10:04
Will the midges get into the showflat?

kingkong1984
28-01-11, 12:54
This project is solely developed by Far East and they are so kind to launch at such a low price...
Will check it out if got time. Big brother developer.

noblebaby
28-01-11, 14:20
this is a premium area, considered cheap. :banghead:


is 980psf for a 3BR unit considered low at that location???

2824
28-01-11, 14:30
What's the selling point of this as compared to the earlier waterfront series?


this is a premium area, considered cheap. :banghead:

eng81157
28-01-11, 15:51
this is a premium area, considered cheap. :banghead:

eh, not considered premium when there's like 3-4 other developments besides this with half a similar name.

hyenergix
28-01-11, 18:05
At these psf, I would rather get a sub-sale unit at Estuary at Yishun for better reservoir view.

kingkong1984
28-01-11, 19:12
Not really, the subsale asking high also

pod
28-01-11, 22:08
Heard launch liao. anyone jus came back from showroom for any sitrep? :D

noblebaby
28-01-11, 22:15
FEO is giving out discount plus 5% cash rebate after TOP...

Attractive bank loan package offered by DBS bank. 1st yr 3m SIBOR + 0%, 2nd yr 3m SIBOR + 0.25%, 3rd 3m SIBOR + 0.5%. Free 1 yr fire insurance, full legal subsidy. valid till 14 Feb 2011.

pod
28-01-11, 22:49
FEO is giving out discount plus 5% cash rebate after TOP...

Attractive bank loan package offered by DBS bank. 1st yr 3m SIBOR + 0%, 2nd yr 3m SIBOR + 0.25%, 3rd 3m SIBOR + 0.5%. Free 1 yr fire insurance, full legal subsidy. valid till 14 Feb 2011.

Sounds cool... How was response?

Maybe tmmrw free go pop by dee dee xiao xiao:D

hyenergix
29-01-11, 05:50
Not really, the subsale asking high also

I manage to find some reasonable ones 800-900 psf:

http://www.propertyguru.com.sg/listing/3058978/for-sale-the-estuary-yishun
http://www.propertyguru.com.sg/listing/3057071/for-sale-the-estuary-yishun
http://www.propertyguru.com.sg/listing/2980397/for-sale-the-estuary-yishun
etc

shauntanzs
29-01-11, 09:39
This project is solely developed by Far East and they are so kind to launch at such a low price...

Err I think it's JV with FC

kingkong1984
29-01-11, 09:56
I manage to find some reasonable ones 800-900 psf:

http://www.propertyguru.com.sg/listing/3058978/for-sale-the-estuary-yishun
http://www.propertyguru.com.sg/listing/3057071/for-sale-the-estuary-yishun
http://www.propertyguru.com.sg/listing/2980397/for-sale-the-estuary-yishun
etc
Should be 830 Psf n above.

noblebaby
29-01-11, 11:48
no no no no no.


Err I think it's JV with FC

kingkong1984
29-01-11, 16:27
Err I think it's JV with FC
Mixed up with 8courtyards?

noblebaby
29-01-11, 20:44
heard sales is good, more than 50 units sold :)

kingkong1984
29-01-11, 20:46
heard sales is good, more than 50 units sold :)
Yes, more than that.... Noble baby is a insider.

noblebaby
29-01-11, 21:07
did u vist the showflat?


Yes, more than that.... Noble baby is a insider.

azeoprop
31-01-11, 20:04
Site plan and floor plans here:
http://www.fareast.com.sg/FEOCorp.Web/index.aspx?page=home-prop-info&prop=289&utm_source=sfa&utm_medium=enewsletter&utm_content=WaterfrontIsle&utm_campaign=EnewsletterJan2011

Lovelle
31-01-11, 20:24
50 out of how many ?

rainy
01-02-11, 08:26
50 out of how many ?

:) 50 out of 80

Lovelle
01-02-11, 10:28
thanks , not bad...la..

cheongster
01-02-11, 21:31
but yishun now got chemical smell leh :cheers6:


I manage to find some reasonable ones 800-900 psf:

http://www.propertyguru.com.sg/listing/3058978/for-sale-the-estuary-yishun
http://www.propertyguru.com.sg/listing/3057071/for-sale-the-estuary-yishun
http://www.propertyguru.com.sg/listing/2980397/for-sale-the-estuary-yishun
etc

cheongster
01-02-11, 21:32
THE STRAITS TIMES
Waterfront Isle units sold for about S$920 psf
By Jo-ann Huang | Posted: 01 February 2011 2209 hrs

SINGAPORE : Far East Organization's latest property, Waterfront Isle, sold 88 of its 132 units launched at a preview on Tuesday.

The units were sold at an average price of S$920 per square foot.

The 99-year leasehold development will be officially launched on February 5, with the company releasing another block of units from its entire stock of 561 units.

Far East did not disclose how many more units will be released for sale at the official launch.

However, prices will start from S$575,000 for a one-bedroom apartment at the Bedok Reservoir property.

Rooms range from one-bedroom units, starting from 581 square feet, to penthouse units with a maximum area of 2,863 square feet.

Far East is also offering furniture vouchers worth 5 per cent of the purchase price upon the property obtaining its temporary occupancy permit (TOP) in 2015.

The 15-storey Waterfront Isle is the last edition of the Waterfront Collection - a joint venture development between Frasers Centrepoint and Far East Organization.

The Waterfront Collection comprises four properties fronting Bedok Reservoir.

The three other Waterfront projects met with good response, with Waterfront Waves selling out completely, Waterfront Key selling over 85 per cent of its units and Waterfront Gold selling more than 75 per cent of its units.

Far East said 80 per cent of Waterfront Isle buyers are Singaporeans and permanent residents, half of which are living in Eastern suburbs like Bedok and Tampines.

Waterfront Isle is poised to ride on the proposed plan to transform Bedok Reservoir and the adjacent Bedok Town Park into a green living and leisure hub.

The Bedok Reservoir MRT station on the Downtown Line, which is slated to open by 2017, will be a short walking distance from Waterfront Isle.

- CNA/al

kane
01-02-11, 21:49
pre-CNY shopping.

Lovelle
01-02-11, 22:03
Shh !!

Huat arghh

DAVID
01-02-11, 22:31
Waterfront Isle selling at an average price of $920 is not too expensive, especially after taking away the 5% voucher and discount. No wonder can sell so well.

noblebaby
02-02-11, 10:17
It is cheap not crazy. Must buy!

WATERFRONT ISLE
(Upcoming Bedok Reservoir MRT)

Released 8th-10th floor!!

-. 1bed $5**k
-. 2-3beds $7**k-$9**k only. Psf below $900

Next to Bedok Reservoir MRT, Changi Business Park, Tampanies malls, UWC international school.


Waterfront Isle selling at an average price of $920 is not too expensive, especially after taking away the 5% voucher and discount. No wonder can sell so well.

jencrs
02-02-11, 10:40
It is cheap not crazy. Must buy!

WATERFRONT ISLE
(Upcoming Bedok Reservoir MRT)

Released 8th-10th floor!!

-. 1bed $5**k
-. 2-3beds $7**k-$9**k only. Psf below $900

Next to Bedok Reservoir MRT, Changi Business Park, Tampanies malls, UWC international school.I don't have the numbers with me now, but I was quoted 3bdrm #10-25 (pool facing) at about $1,100k if i remember correctly, after all the discounts, including the 5% after 3 years.

Btw I don't know why they call it furniture vouchers, since it's a cash rebate. Cash rebate sounds nicer, furniture vouchers sounds like it's got strings attached.

2824
02-02-11, 10:59
noted from the floor plan that waterfront isle still have bay windows, i thot they already did away with bay windows in waterfront gold :confused:


Site plan and floor plans here:
http://www.fareast.com.sg/FEOCorp.Web/index.aspx?page=home-prop-info&prop=289&utm_source=sfa&utm_medium=enewsletter&utm_content=WaterfrontIsle&utm_campaign=EnewsletterJan2011

bargain hunter
02-02-11, 11:12
cash rebate is illegal.


I don't have the numbers with me now, but I was quoted 3bdrm #10-25 (pool facing) at about $1,100k if i remember correctly, after all the discounts, including the 5% after 3 years.

Btw I don't know why they call it furniture vouchers, since it's a cash rebate. Cash rebate sounds nicer, furniture vouchers sounds like it's got strings attached.

bargain hunter
02-02-11, 11:14
perhaps waterfront isle was approved under the old rules and waterfront gold plans they only submitted after the bay window rule is gone? perhaps that also explains the seemingly attractive psf?



noted from the floor plan that waterfront isle still have bay windows, i thot they already did away with bay windows in waterfront gold :confused:

shauntanzs
02-02-11, 13:21
no no no no no.

Its a JV..

gohsoonk
02-02-11, 17:11
That was what I thought too. Typically, the cash rebates are hush hush...


cash rebate is illegal.

jencrs
02-02-11, 21:03
cash rebate is illegal.icic. another creative way to keep psf artificially high then.

kingkong1984
02-02-11, 21:59
but yishun now got chemical smell leh :cheers6:
Yes, white smoke and smell all the way to woodlands. Punggol duno affected this time.

kingkong1984
02-02-11, 22:12
http://forums.condosingapore.com/showpost.php?p=133732&postcount=304

Must link here

azeoprop
02-02-11, 22:51
When will the showroom be open again? :beats-me-man:

bargain hunter
03-02-11, 08:40
saturday rite? when its officially launched?


When will the showroom be open again? :beats-me-man:

yikying
03-02-11, 12:52
FEO is giving out discount plus 5% cash rebate after TOP...

Attractive bank loan package offered by DBS bank. 1st yr 3m SIBOR + 0%, 2nd yr 3m SIBOR + 0.25%, 3rd 3m SIBOR + 0.5%. Free 1 yr fire insurance, full legal subsidy. valid till 14 Feb 2011.


Err, how does the rebate work? Also furniture vouchers too?:ashamed1:

azeoprop
03-02-11, 18:14
But this waterfront isle has the furthest walking distance to the MRT station as compared to the rest of the waterfront collection right? :beats-me-man:

kEN9170
03-02-11, 20:37
Maybe nearer to Bedok Town Park station?


But this waterfront isle has the furthest walking distance to the MRT station as compared to the rest of the waterfront collection right? :beats-me-man:

azeoprop
05-02-11, 19:26
Are there any special features that make this stand out as the best of the waterfront collection? :beats-me-man:

mcmlxxvi
05-02-11, 20:39
Out of 59 released today

sleek
05-02-11, 22:45
Crowd at Waterfront Isle condo sales (http://www.channelnewsasia.com/stories/singaporelocalnews/view/1109017/1/.html)
By Joanne Chan | Posted: 05 February 2011 2048 hrs


SINGAPORE: The Lunar New Year period is traditionally a quiet one for the property market, with developers holding back on new launches.

But for one development, the gamble appears to have paid off.

A healthy crowd turned up at the Waterfront Isle showroom on Saturday, the third day of the Lunar New Year celebrations.

And as of 5.30pm, 29 of 59 units that were released on Saturday were sold. The number later rose to 37, as of 9pm.

Including sales from a preview last week, 125 out of 191 available units at the Bedok Reservoir development were snapped up so far.

The condominium is a joint venture between Far East Organization and Frasers Centrepoint.

Waterfront Isle has a total of 561 units, with prices starting from S$575,000 for a one-bedroom apartment.

Some visitors at the showroom Channel NewsAsia spoke to said they were looking for their second or third property.

Asked if they were affected by the latest property-cooling measures - such as a lower loan limit for a second property and a seller's stamp duty if the property is sold within four years - some said they are still able to comfortably afford it.

"Even if it (the loan limit) is cut down to 50%, I think we can still buy (a private home). We're going to keep it at least for 5 years, or even 10. For me, it's for the long run, not for flipping," said home buyer Royston Kwek.

Others said they were buying a private property to settle down in Singapore.

Dong Deng Shan, a home buyer from China, said: "My son is planning to settle down in Singapore, so he needs to buy a house. And I think the environment in Singapore is very good, I like it here."

Some visitors at the showroom said they are in no hurry to buy and will wait for the right unit before taking the plunge.

To ensure a steady supply of private homes and meet strong demand, the government has announced that 17 sites will be put up for tender in the first half of this year, which can potentially yield more than 8,000 units.

Most of the sites are located in the suburbs or outskirts of towns, where more affordable private housing is expected to be built.

- CNA/ir

mcmlxxvi
06-02-11, 08:53
Are there any special features that make this stand out as the best of the waterfront collection? :beats-me-man:

Ya it TOP latest so it will look newest amongst all hahahahha

bargain hunter
06-02-11, 09:08
wah lao, asking for more measures siah.


Crowd at Waterfront Isle condo sales (http://www.channelnewsasia.com/stories/singaporelocalnews/view/1109017/1/.html)
By Joanne Chan | Posted: 05 February 2011 2048 hrs

...

Asked if they were affected by the latest property-cooling measures - such as a lower loan limit for a second property and a seller's stamp duty if the property is sold within four years - some said they are still able to comfortably afford it.

"Even if it (the loan limit) is cut down to 50%, I think we can still buy (a private home). We're going to keep it at least for 5 years, or even 10. For me, it's for the long run, not for flipping," said home buyer Royston Kwek.

shauntanzs
06-02-11, 11:31
Went to the showroom yesterday. Was quoted below
08-30 - 529k (about 890psf) HDB facing
13-33 - 592k (about 1010psf) Pool facing
Price after 15% early bird, 5% cash rebate & 2% loyalty discount.

DAVID
06-02-11, 11:48
According to the brochure and a FEO representative I spoke to, the nearest MRT station is the upcoming Reservior Station (nearer to Waterfront Key).

The selling point compared to Waves, Key and Gold has to be a better view of the reservior and maybe the quality of the property.


Maybe nearer to Bedok Town Park station?

terence
06-02-11, 12:35
better quality? How are you so sure?

DAVID
06-02-11, 14:25
No sure about the quality. Have not visited the showroom yet. But Isle definitly has a better view of the reservior:) .


better quality? How are you so sure?

KC76
06-02-11, 14:57
No sure about the quality. Have not visited the showroom yet. But Isle definitly has a better view of the reservior:) .
Isn't this place seasonally infested with midgets?

land118
06-02-11, 15:02
wah lao, asking for more measures siah.
When I saw channelnewsasia reporter interview tis guy, 'peng san', he opening challenge MBT latest round of cooling measures...by saying 50% also no problem. :doh:

azeoprop
06-02-11, 16:49
I bought a unit #14-37 today.

List price $752990

Discount 15% + 2% = $624982 purchase price.

Upon TOP cash back 5% of purchase price = $31249

Effective purchase price = $593733 = 1003psf.

Its got pool view and limited reservoir view. Its got natural marble flooring. Dunno if good buy or not? :beats-me-man:

hyenergix
06-02-11, 17:05
I thought FEO is selling & pricing the entire Waterfront series based on reservoir view so if your unit is not facing reservoir then hmm... Natural marble for 1 room unit is not that expensive: say 300 sqft in living room x $16 per sqft of marble is about $5k. And 14 floor cannot see pool, air or your neighbour in next block yes :)

mcmlxxvi
06-02-11, 17:09
I bought a unit #14-37 today.

List price $752990

Discount 15% + 2% = $624982 purchase price.

Upon TOP cash back 5% of purchase price = $31249

Effective purchase price = $593733 = 1003psf.

Its got pool view and limited reservoir view. Its got natural marble flooring. Dunno if good buy or not? :beats-me-man:

Why u liddat. Buyers remorse is it??

kingkong1984
06-02-11, 17:14
I bought a unit #14-37 today.

List price $752990

Discount 15% + 2% = $624982 purchase price.

Upon TOP cash back 5% of purchase price = $31249

Effective purchase price = $593733 = 1003psf.

Its got pool view and limited reservoir view. Its got natural marble flooring. Dunno if good buy or not? :beats-me-man:
600k beats any MM.

Why dun u go for 13-37, or 12-37? cheaper right? No west sun can Liao. Expressway noise?

noblebaby
06-02-11, 17:18
What is the size?

Damn cheap! Got pool view!


I bought a unit #14-37 today.

List price $752990

Discount 15% + 2% = $624982 purchase price.

Upon TOP cash back 5% of purchase price = $31249

Effective purchase price = $593733 = 1003psf.

Its got pool view and limited reservoir view. Its got natural marble flooring. Dunno if good buy or not? :beats-me-man:

azeoprop
06-02-11, 17:18
600k beats any MM.

Why dun u go for 13-37, or 12-37? cheaper right? No west sun can Liao. Expressway noise?

All stack 37 taken except 14th floor when I was there. Actually this is the only one bedroom stack I am interested in the whole development.

noblebaby
06-02-11, 17:22
Where got expressway noise?


600k beats any MM.

Why dun u go for 13-37, or 12-37? cheaper right? No west sun can Liao. Expressway noise?

azeoprop
06-02-11, 17:23
Some pics from the showroom.

noblebaby
06-02-11, 17:23
How many unit sold till today?


All stack 37 taken except 14th floor when I was there. Actually this is the only one bedroom stack I am interested in the whole development.

azeoprop
06-02-11, 17:26
More pics from the showroom.

azeoprop
06-02-11, 17:29
Final collection of pics from the showroom.

kEN9170
06-02-11, 17:29
Why didnt you consider Waterview? Waterfront Collections was condemned by many forumers.:D


All stack 37 taken except 14th floor when I was there. Actually this is the only one bedroom stack I am interested in the whole development.

DAVID
06-02-11, 17:30
One good thing about Isle is that it is within walking distance to the upcoming Reservior MRT station. This is important for a 99 yr property.


All stack 37 taken except 14th floor when I was there. Actually this is the only one bedroom stack I am interested in the whole development.

Lovelle
06-02-11, 17:33
congrats, are they giving the kitchen facilities such as washing machine and dryer ?

hyenergix
06-02-11, 17:34
If I'm not wrong, then your reservoir far view will be blocked by Tower A of Waterfront Gold. Your near viewable neighbours should be its Tower E. Marble in toilet looks good, but you have to be careful of slips and stains.

kingkong1984
06-02-11, 17:35
Where got expressway noise?
Ok ok excuse me :)

azeoprop
06-02-11, 17:36
Why didnt you consider Waterview? Waterfront Collections was condemned by many forumers.:D

Waterview quantum too high for reservoir + pool facing units e.g. stack 25 and 26...no money. Anyway, all snapped up when I was there. The low price unit's facing cannot make it one.

mcmlxxvi
06-02-11, 17:38
More pics from the showroom.

Saw ur reflection in one of the pics... Azeoprop is handsome young lad... Lol

Jokes aside, wonder why WF Key, the nearest to the MRT upcoming, does not have one bedder. Thought mostly tenanted out to non drivers for one bedder type...

kEN9170
06-02-11, 17:38
The showflat nicely done up. Waterview pale in comparison.


Waterview quantum too high for reservoir + pool facing units e.g. stack 25 and 26...no money. Anyway, all snapped up when I was there. The low price unit's facing cannot make it one.

kingkong1984
06-02-11, 17:40
All stack 37 taken except 14th floor when I was there. Actually this is the only one bedroom stack I am interested in the whole development.
So u know.... All sold out stack!

It's 6xx sqf size right?

Anyway you have good views through the entrance. Not much but limited.

land118
06-02-11, 17:50
I bought a unit #14-37 today.

List price $752990

Discount 15% + 2% = $624982 purchase price.

Upon TOP cash back 5% of purchase price = $31249

Effective purchase price = $593733 = 1003psf.

Its got pool view and limited reservoir view. Its got natural marble flooring. Dunno if good buy or not? :beats-me-man:
Since u have commit, just be happy!:D

mcmlxxvi
06-02-11, 17:52
So u know.... All sold out stack!

It's 6xx sqf size right?

Anyway you have good views through the entrance. Not much but limited.

581sf?... From FEO site. Layout ok.

http://www.fareast.com.sg/FEOCorp.Upload/CMS/D2.jpg

azeoprop
06-02-11, 18:12
592sqft or 55sqm. Stacks 37 and 38 are the only 1 bedroom units with separate wet and dry kitchen and a window at the kitchen. Also block D2 has 4 units share 2 lifts.
The other block D1, 7 units share 2 lifts! :scared-1:

hyenergix
06-02-11, 18:13
581sf?... From FEO site. Layout ok.



From the 1 bedder layout, it doesn't seem okay to me. To have space for the wardrobe, the queen size bed may have to be flushed with the bay window. Looking at the photos carefully, the bed is actually built on top of the bay window to create the walking space in a room. Anyone who has visited the showroom can please verify. Anyway, if you have bought then just enjoy it.

fiat500
06-02-11, 20:15
was @ the showroom today..the place was packed like a fish market n the units were selling like hotcakes. buyers were out in full force n they were buying without battling an eyelid,our MBT will soon be thinking of what to do next already:doh: :doh:
finishings for waterfront isle are good,fridge n washing machine thrown in as well..in fact all the layout of the 1,2 n 3 bedders are excellent. this will be a sell out project i m sure. of coz main selling point is being near the mrt..:cheers6:

shauntanzs
06-02-11, 20:17
All the MBR is ok in size. Can fit queen size bed. No need stretch to bay window lah..
The one you see flush is the 2nd BR.
Standard FEO, the 3rd BR is compact size.
Almost like 2+1.

Congrat on your purchase..

ecimbew
06-02-11, 20:19
Congrats azeoprop!! Love the showroom and it's marble. Reminds me of Italy. The layout is not bad. Stack 37 is not bad too. You will face tennis courts at waterfront gold according to H88.

DAVID
06-02-11, 20:35
Understand that FEO is currently not launching their best units. I am surprise it is selling so well even after MBT introduce the latest cooling measures. If the launched units are selling like hotcakes they may consider adjusting their prices upward.


was @ the showroom today..the place was packed like a fish market n the units were selling like hotcakes. buyers were out in full force n they were buying without battling an eyelid,our MBT will soon be thinking of what to do next already:doh: :doh:
finishings for waterfront isle are good,fridge n washing machine thrown in as well..in fact all the layout of the 1,2 n 3 bedders are excellent. this will be a sell out project i m sure. of coz main selling point is being near the mrt..:cheers6:

fiat500
06-02-11, 20:46
Understand that FEO is currently not launching their best units. I am surprise it is selling so well even after MBT introduce the latest cooling measures. If the launched units are selling like hotcakes they may consider adjusting their prices upward.
i m sure the 5% cashback will be reduced gradually..
many property gurus said the new launches will be badly affected with the new measures but thats not true at all from what i saw this afternoon. :eek:

azeoprop
06-02-11, 20:51
The nett price after including the 5% cash rebate is slightly cheaper than waterfront gold.

754 Bedok Reservoir Road #08-12
99 Yrs From 26/11/2009
$1034
581
$600k
09 Jul 10
754 Bedok Reservoir Road #14-12
99 Yrs From 26/11/2009
$1037
581
$602k
21 Jul 10
754 Bedok Reservoir Road #15-12
99 Yrs From 26/11/2009
$1043
581
$606k
08 Jul 10

hyenergix
06-02-11, 20:52
All the MBR is ok in size. Can fit queen size bed. No need stretch to bay window lah..
The one you see flush is the 2nd BR.
Standard FEO, the 3rd BR is compact size.
Almost like 2+1.

Congrat on your purchase..

Thanks for clarification. I wanted to visit the showroom too (to kay poh again) but have others things to settle. For the price, I would greatly prefer Estuary for direct reservoir view. Fridge, washing machine & marble tiles all can be done with about $10k for 1 bedder.

kingkong1984
06-02-11, 21:00
Thanks for clarification. I wanted to visit the showroom too (to kay poh again) but have others things to settle. For the price, I would greatly prefer Estuary for direct reservoir view. Fridge, washing machine & marble tiles all can be done with about $10k for 1 bedder.
Different market zone lah. The 4 bedders here are much better.

fiat500
06-02-11, 21:09
Thanks for clarification. I wanted to visit the showroom too (to kay poh again) but have others things to settle. For the price, I would greatly prefer Estuary for direct reservoir view. Fridge, washing machine & marble tiles all can be done with about $10k for 1 bedder.
may i know if estuary is near the mrt? 'near' meaning within walking distance..:)
if estuary is also near the mrt,then i m sure its a good buy..
the main selling point of waterfront isle is the mrt,the finishings n the price,not the reservoir view..
not many units there have the reservoir view,only the front blocks by the main road will have full reservoir view n they are not even launch for sale yet today..:cheers6:

noblebaby
06-02-11, 21:11
Should be more than 150 units sold as of today?

noblebaby
06-02-11, 21:13
3% for Key & Gold?


i m sure the 5% cashback will be reduced gradually..
many property gurus said the new launches will be badly affected with the new measures but thats not true at all from what i saw this afternoon. :eek:

azeoprop
06-02-11, 21:42
Anybody got the full site plan which contains all of the waterfront collections? Care to post it here? Thanks! :)

ecimbew
06-02-11, 21:48
may i know if estuary is near the mrt? 'near' meaning within walking distance..:)
if estuary is also near the mrt,then i m sure its a good buy..


Yes, it is within walking distance to the MRT. I used to frequent the gym at Yishun Sports Complex. If you were to head down now, you should be able to see all the building first floors built so you can determine if it is a good buy. It is pretty near the road though and like all new condos the buildings are built so close to each other. Ok, please don't bash me. I loved the open space before it was developed. If you are a keen S-League spectator, then Estuary is great. You might be able to catch it at Estuary's elevated swimming pool or at the multi-storey carpark below the pool. If you are bored, just walk across the road to Lower Seletar Reservoir. You can't run around its circumference like the man-made Bedok Reservoir. Both have water sports activities though and you might be able to catch races throughout the year but Bedok Reservoir has a higher frequency. If you are planning to rent it out, Estuary will attract foreigners like Filipinos, Indians and Chinese who work in Yio Chu Kang or Senoko. Whoever plays for S-League at Yishun Stadium will also rent a unit but you are competing with Orchid Park Condo whose rents are likely to be cheaper. Korean footballers used to rent Orchid Park Condo. Not sure if they are still doing that. Most prefer bigger units because they are sharing with friends or family. I can't comment much for those condos at Bedok Reservoir but I believe it will be similar except that you could add rich foreign students. Again, they prefer larger flats. So I am not sure if MMs are a viable option in the long run.

noblebaby
06-02-11, 21:51
http://waterfrontwaves.freeforums.org/index.php


Anybody got the full site plan which contains all of the waterfront collections? Care to post it here? Thanks! :)

ecimbew
06-02-11, 21:56
Anybody got the full site plan which contains all of the waterfront collections? Care to post it here? Thanks! :)

Azeoprop, it looks like Waterfront Isle has a bigger plot of land.

shespawn
06-02-11, 22:30
congrats Aze on your purchase. I was there on first day launch and was looking at stack 35 and 36 and they were almost fully sold and only left about 5 units. the discount sounds enticing and works out to be cheaper than Gold.

noblebaby
06-02-11, 23:24
Is there any cash rebate for Gold & Key?


congrats Aze on your purchase. I was there on first day launch and was looking at stack 35 and 36 and they were almost fully sold and only left about 5 units. the discount sounds enticing and works out to be cheaper than Gold.

hyenergix
07-02-11, 00:11
may i know if estuary is near the mrt? 'near' meaning within walking distance..:)
if estuary is also near the mrt,then i m sure its a good buy..
the main selling point of waterfront isle is the mrt,the finishings n the price,not the reservoir view..
not many units there have the reservoir view,only the front blocks by the main road will have full reservoir view n they are not even launch for sale yet today..:cheers6:

This is interesting. I thought it was sold out long ago...

fiat500
07-02-11, 00:42
This is interesting. I thought it was sold out long ago...
sold out?:confused:
which u referring to?:confused:
i was referring to waterfront isle..:cheers6:

hyenergix
07-02-11, 00:46
sold out?:confused:
which u referring to?:confused:
i was referring to waterfront isle..:cheers6:

I thought you were referring to the Estuary :confused: I was saying that those units facing reservoir at Estuary are sub-sale priced more decently than the new sales at Waterfront Isle.

bullman
07-02-11, 06:26
I bought a unit #14-37 today.

List price $752990

Discount 15% + 2% = $624982 purchase price.

Upon TOP cash back 5% of purchase price = $31249

Effective purchase price = $593733 = 1003psf.

Its got pool view and limited reservoir view. Its got natural marble flooring. Dunno if good buy or not? :beats-me-man:

Will you be able to sell off the unit before TOP and still collect the 5% cash back upon TOP?

noblebaby
07-02-11, 06:28
Non transferable...



Will you be able to sell off the unit before TOP and still collect the 5% cash back upon TOP?

kingkong1984
07-02-11, 07:35
Non transferable...
Which means if developer uprice by 5 percent, u cannot sell? Plus SSD on you. These measures seems to help developer clear stock as they are not subject to SSD.

Now 5 plus 3 stamp plus 2 coms and legal fees. Seems like u are 10 percent higher. If u think properties can go up more than 10 percent... Go ahead. The party is over. Rental and self stay till removal of SSD.

Lovelle
07-02-11, 08:14
i still remember those condos around this area used to be selling for $400k - $600k for 3 bedders.

It's not too long ago like 2004... wow now double...

2824
07-02-11, 08:43
Well just 2 years ago, waterfront waves also had around $600k for 3 bedders (if i don't recall wrongly).


i still remember those condos around this area used to be selling for $400k - $600k for 3 bedders.

It's not too long ago like 2004... wow now double...

bullman
07-02-11, 08:45
Non transferable...

Yes. The 5% cash rebate is definitely non transferable to the next buyer. My question is whether the original buyer can still collect this 5% rebate upon TOP if he is no longer the owner of the unit ?

azeoprop
07-02-11, 09:19
Well just 2 years ago, waterfront waves also had around $600k for 3 bedders (if i don't recall wrongly).

The cheapest waterfront waves 2 bedders during the recession starbuy period were around 580k stack 15, facing walls of the hdb block.

Kengar
07-02-11, 09:39
My family visited the showroom yesterday evening, the place is quite crowded and units were taken up quickly.

We were impressed quality of the finishings, and the extensive use of marble (even the feature wall in MBR is marble, but it is a pity the colour is only dark grey/black).

The kitchen comes almost fully equipped, baking oven, microwave oven, coffee maker, fridge, 2-in-1 washing/dryer, and even a wine storage!

Overall the designs seem to be more "open" concept.. Open kitchen, dining table cum dry kitchen, the MBR wardrobe is kinda too "open" with 100% glass with no doors.. the MBR toilet is also "open" with 100% glass. :D

The released stacks appear to be closely built. Most are facing each other or facing WF Gold. The unreleased units facing the reservoir have the best views. Definitely going to be more ex.

Think this development looks to be more suited for small families or families with no kids, looking for a lifestyle home.

bullman
07-02-11, 09:54
The cheapest waterfront waves 2 bedders during the recession starbuy period were around 580k stack 15, facing walls of the hdb block.

Azeo buddy, in your 5% cash back rebate, does it state your name specifically or as the "owner of # xyz unit" ? If you sell your unit before TOP, still can get back the 5% rebate upon TOP?

No one seem to answer this question of mine leh.

Lovelle
07-02-11, 10:05
if u sell away, u won't get the 5% back.

azeoprop
07-02-11, 10:17
Azeo buddy, in your 5% cash back rebate, does it state your name specifically or as the "owner of # xyz unit" ? If you sell your unit before TOP, still can get back the 5% rebate upon TOP?

No one seem to answer this question of mine leh.

If u sell away before TOP (85% paid up), u and your buyer will not get the cash back.

Also you must declare that you will be getting the cash back to your bank. So your bank loan will reduce by 5% accordingly.

:)

sleek
07-02-11, 10:23
Congrats bro! So how much is the cash rebates effectively, after the interest paid to the bank until TOP? :)


If u sell away before TOP (85% paid up), u and your buyer will not get the cash back.

Also you must declare that you will be getting the cash back to your bank. So your bank loan will reduce by 5% accordingly.

:)

bullman
07-02-11, 10:29
If u sell away before TOP (85% paid up), u and your buyer will not get the cash back.

Also you must declare that you will be getting the cash back to your bank. So your bank loan will reduce by 5% accordingly.

:)

Oic. Thanks for the clarification. Like that, it means that even when the measures are lifted, its still not worth it to sell until TOP. Was this clause stated clearly in the Cash Rebate form/document?

august
07-02-11, 10:32
azeopro u buy for own stay or investment?

HP65
07-02-11, 12:42
Yesterday I also dropped by the showflat around evening time. Must say I'm quite impressed with the development and the price especially. The sky garden is imo a key advantage over the other surrounding projects except WFG which has the sky garden as well.

I used to avoid FEO projects but with their recent repositioning (Strata and subsequent projects), I actually rate it quite high now.

Not sure if anybody noticed the constant private ferry of mainland chinese in Mercedes Vito and Toyota Vans to the showflat. At 1 point, I saw a whole group of them seated at the living room of Waterfront Gold 4-bedder showflat while their compatriot sat at the open kitchen table top, finalizing paperwork and issuing a HSBC cheq to the beaming Agent. Salute to FEO for bringing in FDI into Singapore and keeping it looked up for the next 3-5 years. It feels like 2006/2007 all over again. At the rate these FDI are flowing into Sg, I worry for the future generation of Sg....

stalingrad
07-02-11, 13:28
Yesterday I also dropped by the showflat around evening time. Must say I'm quite impressed with the development and the price especially. The sky garden is imo a key advantage over the other surrounding projects except WFG which has the sky garden as well.

I used to avoid FEO projects but with their recent repositioning (Strata and subsequent projects), I actually rate it quite high now.

Not sure if anybody noticed the constant private ferry of mainland chinese in Mercedes Vito and Toyota Vans to the showflat. At 1 point, I saw a whole group of them seated at the living room of Waterfront Gold 4-bedder showflat while their compatriot sat at the open kitchen table top, finalizing paperwork and issuing a HSBC cheq to the beaming Agent. Salute to FEO for bringing in FDI into Singapore and keeping it looked up for the next 3-5 years. It feels like 2006/2007 all over again. At the rate these FDI are flowing into Sg, I worry for the future generation of Sg....
why are you worried? are you a racist? isn't foreign money what we need to further develop our country?

or are you worried because they are not buying your "the parc" condo, which is worse than the wost HDB?

HP65
07-02-11, 15:06
why are you worried? are you a racist? isn't foreign money what we need to further develop our country?

or are you worried because they are not buying your "the parc" condo, which is worse than the wost HDB?

How can I be racist when I'm a chinese, haha. I'm worried because average income of common folks has not increased as fast as ppty prices.

An audit assistant starting pay has only increased approximately 70% over the last 20 years. However, ppty prices has definitely increased more than 70% in the corresponding period. If subsidized housing is not marked-to-market but kept low, I think its fine. However, this is not the case. Hence my `worry'.

Wow, you hit the bullseye! Yes, Singapore needs foreign investments and talents to grow its economy but higher ppty prices doesnt `add value' to a country. I rather not have this kind of investments as I feel its not sustainable. Its also becoz of this that I still have not bought any ppty since I sold my last ppty in 2007. I will start buying in Singapore if I have to start paying my fresh grad audit assistant S$4500 per month.

And again, The Parc, it's of no concern me. I think you should be more worried as its in the same D5 as your crappybelle :D. If its not doing well, dun expect your crappybelle to fair any better. Check transactions data, The Parc is transacting higher than your crappybelle.

Lovelle
07-02-11, 15:25
why won't people buy aquarius or any other nearby condos for lesser price ?

i don't understand this phenomenon...

devilplate
07-02-11, 15:33
why won't people buy aquarius or any other nearby condos for lesser price ?

i don't understand this phenomenon...

nrby condos still got transaction every mth wat....others r buying older resale leh...but some jus prefer to buy from developer....can choose facing...unit number....etc etc....choice unit wor....all buy at same price...got chance developer up the price later on especially u noe its FEO....save time too....buy resale takes lots of time....

dun haf 1bedder mah...lol....furthermore older LH wor..

furthermore goto see the condition....got leaking? tiles stained? reno can cost about 50-100psf wor...plus whole estate condition? 4yrs SSD makes it even better for buyers to buy from developer....some buyers buy for capital appreciation and just dunwan to deal with tenants....can be vy headache one....

teddybear
07-02-11, 15:33
Aquarius TOP already? Then cannot mah, those new launch buyers all hoping TOP to be 4 years or more away to flip mah (don't need come up with full downpayment and loan drawn-down). :cheers1:


why won't people buy aquarius or any other nearby condos for lesser price ?

i don't understand this phenomenon...

devilplate
07-02-11, 15:34
Aquarius TOP already? Then cannot mah, those new launch buyers all hoping TOP to be 4 years or more away to flip mah (don't need come up with full downpayment and loan drawn-down). :cheers1:

sell 4 yrs later cannot say flip liao la...flipping shd be buy and sell within 1-2yrs?

some just dunwan to deal with tenants yay?

devilplate
07-02-11, 15:57
To aeroprop:

i wonder y u sell 8wood and buy another unit here?

teddybear
07-02-11, 15:59
Sell 4 years without taking ownership of property and before CSC is called "subsale", thought that is considered "flipping" by Govt? :D


sell 4 yrs later cannot say flip liao la...flipping shd be buy and sell within 1-2yrs?

some just dunwan to deal with tenants yay?

Lovelle
07-02-11, 16:01
chances of leaking or major damage is minimal if can find a unit occupied by owner. Minor damage, won't cost a lot to fix. The most repaint and spend $20k for reno shld do it.

Aquarius by the park is an old condo which is further up of FEO new dev. Asking only $800avg...ppl cheong for $1k psf . What upside do they see ?

nowadays new dev only the small units can see upside fast, rest will follow

tenant also contribute to pocket mah, win-win can lao

Wild Falcon
07-02-11, 19:22
I think it's also the comfort of seeing so many people buying together with you. Buying a resale need greater self confidence to negotiate one-on-one since price is more flexible and since you're putting the highest bid on the table, there will be people who have no confidence that is the best price. Whereas from developer, the price is transparent and if you see others snapping up, it gives people the confidence that the price is "right" - no need to use negotiation skill. Singaporeans - herd instinct. I have friends who have no idea how to buy resale thinking that is "stressful" and troublesome and need to negotiate which they are bad at.

Wild Falcon
07-02-11, 19:33
Even if buy new, also need to repaint and do power points and light points and add feature wall and mirror at dining (YAWN! standard design). From my experience, renovation cost is the roughly the same. The only difference might be old units may need to change bathroom fixtures which is not a lot. It's funny that people always assume no need to renovate for new condo. In fact, some new units are so small, many people end up building a lot of cabinets to keep their luggage/vacuum cleaner/bags etc with a lot of customised carpentry even for bedroom writing table. Actual renovation costs can be even higher to create storage/livable space.


chances of leaking or major damage is minimal if can find a unit occupied by owner. Minor damage, won't cost a lot to fix. The most repaint and spend $20k for reno shld do it.

Aquarius by the park is an old condo which is further up of FEO new dev. Asking only $800avg...ppl cheong for $1k psf . What upside do they see ?

nowadays new dev only the small units can see upside fast, rest will follow

tenant also contribute to pocket mah, win-win can lao

sh
07-02-11, 19:40
I think it's also the comfort of seeing so many people buying together with you. Buying a resale need greater self confidence to negotiate one-on-one since price is more flexible and since you're putting the highest bid on the table, there will be people who have no confidence that is the best price. Whereas from developer, the price is transparent and if you see others snapping up, it gives people the confidence that the price is "right" - no need to use negotiation skill. Singaporeans - herd instinct. I have friends who have no idea how to buy resale thinking that is "stressful" and troublesome and need to negotiate which they are bad at.

I don't see value in new launches. With the price difference, one can hack out the entire apartment to renovate til like new. But the situation here is slightly different, new 99LH vs 80 yrs left? If its FH, I'll go for resale for sure.

Agreed that buying from resale can be a painful process. I have a couple of experience with my offer matching the sellers asking, only to have the seller upping the price. Have to be very patient too waiting for a particular development to become available. But can be rewarding when u finally get the unit.

stalingrad
07-02-11, 20:14
How can I be racist when I'm a chinese, haha. I'm worried because average income of common folks has not increased as fast as ppty prices.

An audit assistant starting pay has only increased approximately 70% over the last 20 years. However, ppty prices has definitely increased more than 70% in the corresponding period. If subsidized housing is not marked-to-market but kept low, I think its fine. However, this is not the case. Hence my `worry'.

Wow, you hit the bullseye! Yes, Singapore needs foreign investments and talents to grow its economy but higher ppty prices doesnt `add value' to a country. I rather not have this kind of investments as I feel its not sustainable. Its also becoz of this that I still have not bought any ppty since I sold my last ppty in 2007. I will start buying in Singapore if I have to start paying my fresh grad audit assistant S$4500 per month.

And again, The Parc, it's of no concern me. I think you should be more worried as its in the same D5 as your crappybelle :D. If its not doing well, dun expect your crappybelle to fair any better. Check transactions data, The Parc is transacting higher than your crappybelle.

just look at your own hookerville, smack in the middle of D15 red light zone. you sons sleep with different hookers every night, thanks to your nice choice of a condo home for them. thanks dad!!!

Lovelle
07-02-11, 21:03
there is also people who buy those left 70LH left. Eg. Braddell heights , those HUDC type.

I am just trying to better understand this herd instinct, alto' in a up-market or down market be it resale or new launch, price will align.

with the 4th measures, it's harder to flip now so i would go for immediate rental unit ie. resale lor....sometimes if you buy for rental, you just give minimum renovation will do. Later if intend to stay then take $$ frm ur rental $$ and do a good one later...

who knows the resale value may go up as well (just like RH eg.) if more new launches are done higher. Bank will surely match one day

HP65
07-02-11, 21:20
just look at your own hookerville, smack in the middle of D15 red light zone. you sons sleep with different hookers every night, thanks to your nice choice of a condo home for them. thanks dad!!!
While we are at it, allow me to indulge in a little fantasy story telling then. My son told me one of the hooker was selling her body so that she could help pay off her housing loan at a condo crappybelle. Furthermore, she was selling her services at D14 coz her husband who went by the handle `Stalingrad' was himself selling his ass to other men at their home, putting new meaning to the term SO-HOLE :D How touching....so my son bang her a few more times and also intro her to his friends so that she can pay off the loan a bit faster.

You think only you can write stories? :D

And oh, I don't have any condo in D15 nor D14, but you did get the `ville' part right. But its opposite D'Leedon. Trust me, if hookers stay at my condo at Farrer Rd, crappybelle is probably home to trans who charged 10% the rate of the hookers who stay at my condo.

So, how's my story? Ok, back to thread :-)

noblebaby
07-02-11, 21:45
Housing in China only 70 yrs LH... :banghead:

noblebaby
07-02-11, 22:02
:cheers1:

http://img641.imageshack.us/img641/955/i01e.jpg

http://img842.imageshack.us/img842/2388/g02l.jpg

noblebaby
07-02-11, 22:17
http://img4.imageshack.us/img4/6098/123imj.jpg

azeoprop
08-02-11, 00:01
Waterfront Isle vs The minton....which one will you perfer to stay in? :beats-me-man:

new2mondrian
08-02-11, 06:46
Waterfront Isle vs The minton....which one will you perfer to stay in? :beats-me-man:

Haha... Both has its merits. Ask someone who grows up in the east, will surely be waterfront. I like Minton for the following reasons:

1) it is one huge contiguous plot. The developer is decent (or not savvy) enough to chop it up into 3 plots and launch separately. With one contiguous plot, the range of facilities and land area for residents to roam ard the estate is quite unmatched in most condos.

2) it is close to the circle line. Somehow I am more bullish on properties along circle line, since it links all the way to botanic gardens, esplanade, holland village, harbourfront, bras brasah and Dhoby ghaut.

3) pricing for is better at 7xxpsf to 8xxpsf. This price range is a sweet spot for me unless talking about real CCR properties.

But of course minton has no waterfront view. Depends on what a person wants. A view is priceless. :)

Sea
08-02-11, 08:45
Waterfront Isle LAunch discount
reduce to 4% wef 9 feb and DBS Promo
rates end wed 14 feb! *

Hurry..

Sms at 90686016 for more info

*subject to changes*

azeoprop
08-02-11, 09:15
Haha... Both has its merits. Ask someone who grows up in the east, will surely be waterfront. I like Minton for the following reasons:

1) it is one huge contiguous plot. The developer is decent (or not savvy) enough to chop it up into 3 plots and launch separately. With one contiguous plot, the range of facilities and land area for residents to roam ard the estate is quite unmatched in most condos.

2) it is close to the circle line. Somehow I am more bullish on properties along circle line, since it links all the way to botanic gardens, esplanade, holland village, harbourfront, bras brasah and Dhoby ghaut.

3) pricing for is better at 7xxpsf to 8xxpsf. This price range is a sweet spot for me unless talking about real CCR properties.

But of course minton has no waterfront view. Depends on what a person wants. A view is priceless. :)

Thanks for sharing your view. :) Anyway still a long long way to TOP, I will think about it. :cheers1:

azeoprop
08-02-11, 09:16
Waterfront Isle LAunch discount
reduce to 4% wef 9 feb and DBS Promo
rates end wed 14 feb! *

Hurry..

Sms at 90686016 for more info

*subject to changes*

Haa haa maybe DBS promo end 14feb then 15feb come UOB promo SOR + 0% ....:scared-3:

stalingrad
08-02-11, 09:18
While we are at it, allow me to indulge in a little fantasy story telling then. My son told me one of the hooker was selling her body so that she could help pay off her housing loan at a condo crappybelle. Furthermore, she was selling her services at D14 coz her husband who went by the handle `Stalingrad' was himself selling his ass to other men at their home, putting new meaning to the term SO-HOLE :D How touching....so my son bang her a few more times and also intro her to his friends so that she can pay off the loan a bit faster.

You think only you can write stories? :D

And oh, I don't have any condo in D15 nor D14, but you did get the `ville' part right. But its opposite D'Leedon. Trust me, if hookers stay at my condo at Farrer Rd, crappybelle is probably home to trans who charged 10% the rate of the hookers who stay at my condo.

So, how's my story? Ok, back to thread :-)
haha, some parts of your story are right. but you got the characters all mixed up. It is your mother who is selling her body to pay off the numerous housing loans that you have racked up to indulge in property speculations. But I am afraid she has no success getting a lot of cllients for her service. She is too butt ugly. the only client she can get is you. but you can't get your little brother up to satisfy her. haha, go drink insecticide and die.

by the way, I have reported to the authorities about the hooker problem at your condo. They told me they couldn't help me, because it is all a family business, and the members of your clan do it to each other to satisfy their morbid desires.

shespawn
08-02-11, 10:36
can't believe low class critisms exist here...:doh:

Wild Falcon
08-02-11, 10:46
Good point. The lease decay has to be factored in for old resale leasehold condos. So theoretically a condo with 70 year lease would have suffered 30% value destruction (assuming simple straight line depreciation). BTW, I think agents should be forthcoming in disclosing remaining lease term for older 99LH projects. To advertise a 60 year LH project as 99LH is major misrep.


I don't see value in new launches. With the price difference, one can hack out the entire apartment to renovate til like new. But the situation here is slightly different, new 99LH vs 80 yrs left? If its FH, I'll go for resale for sure.

Agreed that buying from resale can be a painful process. I have a couple of experience with my offer matching the sellers asking, only to have the seller upping the price. Have to be very patient too waiting for a particular development to become available. But can be rewarding when u finally get the unit.

azeoprop
08-02-11, 17:20
Website updated with new price list dated 7 feb 2011.
http://www.fareast.com.sg/FEOCorp.Upload/CMS/Pdf/WaterfrontIsleTowerC1(7Feb).pdf

Lovelle
08-02-11, 17:39
#11-38 still avail in the list. after discount will be abt $580 k ?

noblebaby
08-02-11, 17:44
Think d list is not updated...


#11-38 still avail in the list. after discount will be abt $580 k ?

azeoprop
08-02-11, 18:00
The next best 1 bedder is stack 19. Totally surrounded by water and through view into both pools of waterfront gold. Slightly larger balcony with internal chute.

http://www.fareast.com.sg/FEOCorp.Web/ViewUnitLayout.html?file=C1.jpg

noblebaby
08-02-11, 21:33
Why picked Isle n not Gold?


The next best 1 bedder is stack 19. Totally surrounded by water and through view into both pools of waterfront gold. Slightly larger balcony with internal chute.

http://www.fareast.com.sg/FEOCorp.Web/ViewUnitLayout.html?file=C1.jpg

Laguna
08-02-11, 21:38
An audit assistant starting pay has only increased approximately 70% over the last 20 years. However, ppty prices has definitely increased more than 70% in the corresponding period.

I will start buying in Singapore if I have to start paying my fresh grad audit assistant S$4500 per month.

I remember a fresh accountacy grad in 1978 working with the big 8 then, starting pay was $800 x 14 months a year, and a unit at Nassim Mansion was $300,000 then.

Now the same grad taking about $2,900 x15 months with the big 4. The same property, after more than 30 years, is priced at $7m.

If u want to wait till $4,500....just wonder....

devilplate
08-02-11, 21:41
Why picked Isle n not Gold?

1+study at Gold more ex rite at ard 1150psf for high flr reservoir facing...1bedder about the same psf though...i actually put in a chq for high flr 1+study(the only small unit fronting reservoir for the entire area)....but prices exceed my expectations...lol

he just sold 8wood recently....tats y got spare bullet to hoot Isle lor...:D

devilplate
08-02-11, 21:48
I remember a fresh accountacy grad in 1978 working with the big 8 then, starting pay was $800 x 14 months a year, and a unit at Nassim Mansion was $300,000 then.

Now the same grad taking about $2,900 x15 months with the big 4. The same property, after more than 30 years, is priced at $7m.

If u want to wait till $4,500....just wonder....


gd to haf oldbird here:cheers6:

rich and poor income gap can only widen

noblebaby
08-02-11, 21:57
How many yr of work experince is needed for an accountacy grad before he/she can afford a 3 bedder at Isle?


I remember a fresh accountacy grad in 1978 working with the big 8 then, starting pay was $800 x 14 months a year, and a unit at Nassim Mansion was $300,000 then.

Now the same grad taking about $2,900 x15 months with the big 4. The same property, after more than 30 years, is priced at $7m.

If u want to wait till $4,500....just wonder....

noblebaby
08-02-11, 21:59
So how many unit do u have? Azeoprop got 3.


1+study at Gold more ex rite at ard 1150psf for high flr reservoir facing...1bedder about the same psf though...i actually put in a chq for high flr 1+study(the only small unit fronting reservoir for the entire area)....but prices exceed my expectations...lol

he just sold 8wood recently....tats y got spare bullet to hoot Isle lor...:D

Laguna
09-02-11, 09:51
How many yr of work experince is needed for an accountacy grad before he/she can afford a 3 bedder at Isle?

Depends
1. Whether parent pay the first 20% or not
2. where is this person working, if with tier 1 banks, eg investment banking, trading and sales, then the second year should be able to
3. if public accounting firm, perhaps can saving about $20,000 a year, and with increment, perhaps at the 7th year, then save up the first 20%...provided prices dun run away..

devilplate
09-02-11, 09:58
tats y govt provide BTO....2k salary can afford liao....

earn 1st pot of gold from HDB den upgrade later yay

noblebaby
09-02-11, 10:24
my previous question is saving for the 20% downpayment for an accountant...

wah, if that is the case, no body want to work in public accounting firm anymore... :banghead:


Depends
1. Whether parent pay the first 20% or not
2. where is this person working, if with tier 1 banks, eg investment banking, trading and sales, then the second year should be able to
3. if public accounting firm, perhaps can saving about $20,000 a year, and with increment, perhaps at the 7th year, then save up the first 20%...provided prices dun run away..

noblebaby
09-02-11, 10:28
to stay in mass-market private, think household monthly income should be >>> $1x,xxx... if not, really no need to eat n wear, all $$$ go to bank... :banghead:


tats y govt provide BTO....2k salary can afford liao....

earn 1st pot of gold from HDB den upgrade later yay

Laguna
09-02-11, 10:53
my previous question is saving for the 20% downpayment for an accountant...

wah, if that is the case, no body want to work in public accounting firm anymore... :banghead:

I think so, I understand the turnover is very high.

But once u stay long enough to be a senior manager or salaried/equity partner...then should be good.

bargain hunter
09-02-11, 12:28
aiyah, accounting firm 1st 2 years is under cut but after that every year the pay raise is decent until they reach 8k. but gotta work damn hard for it lah. :)


my previous question is saving for the 20% downpayment for an accountant...

wah, if that is the case, no body want to work in public accounting firm anymore... :banghead:

azeoprop
09-02-11, 14:09
Just got to know from an feo agent that the whole of stack 19 bought up by a single buyer related to the FEO family. :scared-3:

Lovelle
09-02-11, 14:11
Just got to know from an feo agent that the whole of stack 19 bought up by a single buyer related to the FEO family. :scared-3:

what facing, azeo ?

azeoprop
09-02-11, 14:14
what facing, azeo ?

It is a 1 bedder stack, pool facing.

devilplate
09-02-11, 14:24
It is a 1 bedder stack, pool facing.
Tat shows strong interest on small units.... Tat buyer can actually probably half of the total units of 3bedder instead

azeoprop
09-02-11, 14:51
Actually the promotion rates by dbs not that attractive afterall leh...
Year1 sibor + 0
Year2 sibor + 0,25
Year3 sibor + 0.5
Year4 sibor + 0.75
Year5 sibor + 1
Thereafter sibor + 1.25
3 years lock-in

Vs sibor + 0.75 throughout, no lock in.

Which one will u choose? :beats-me-man:

Lovelle
09-02-11, 14:54
Actually the promotion rates by dbs not that attractive afterall leh...
Year1 sibor + 0
Year2 sibor + 0,25
Year3 sibor + 0.5
Year4 sibor + 0.75
Year5 sibor + 1
Thereafter sibor + 1.25
3 years lock-in

Vs sibor + 0.75 throughout, no lock in.

Which one will u choose? :beats-me-man:

choose this one

Year1 sibor + 0
Year2 sibor + 0,25
Year3 sibor + 0.5
Year4 sibor + 0.75
Year5 sibor + 1
Thereafter sibor + 1.25

then later leave dbs at year 4

kingkong1984
09-02-11, 15:13
Since subject to SSD, might as well lock in. Sell upon TOP only.

Kengar
09-02-11, 19:17
my previous question is saving for the 20% downpayment for an accountant...

wah, if that is the case, no body want to work in public accounting firm anymore... :banghead:

Me and my wife started out in audit firm , worked 6-7 years before jumping out and at 8th year of post-graduation we saved enough for the 20% downpayment. We also have an existing HDB. I guess it is possible if u can endure long enough.

noblebaby
09-02-11, 19:21
your 6-7 yrs is in which audit firm? mind to share?


Me and my wife started out in audit firm , worked 6-7 years before jumping out and at 8th year of post-graduation we saved enough for the 20% downpayment. We also have an existing HDB. I guess it is possible if u can endure long enough.

Kengar
09-02-11, 19:33
your 6-7 yrs is in which audit firm? mind to share?

EY..all the Big 4 pays about the same. Cartel in nature.:)

hyenergix
09-02-11, 19:43
Just got to know from an feo agent that the whole of stack 19 bought up by a single buyer related to the FEO family. :scared-3:

Just my suspicions: the stack was probably bought in bulk with discount to compensate for stamp duties in order to boost the sales numbers. The bus-loads of foreign people reported here could be also engineered to make it look like a lot of foreigners are buying.

noblebaby
09-02-11, 19:46
so basically every thing is just a show? :p


Just my suspicions: the stack was probably bought in bulk with discount to compensate for stamp duties in order to boost the sales numbers. The bus-loads of foreign people reported here could be also engineered to make it look like a lot of foreigners are buying.

new2mondrian
09-02-11, 19:57
Just out of curiosity, how many accountants/auditors are there in this forum??!! Bargain hunter, noblebaby, laguna, kengar, all auditors??? I was from a big 4 previously too. Worked the daylights out of me but pays well.

noblebaby
09-02-11, 19:59
how well is considered well?


Just out of curiosity, how many accountants/auditors are there in this forum??!! Bargain hunter, noblebaby, laguna, kengar, all auditors??? I was from a big 4 previously too. Worked the daylights out of me but pays well.

Kengar
09-02-11, 20:33
how well is considered well?

I would say yearly increments are usually good, and we will catch up with other professions which had higher starting pay (excluding lawyers, bankers and doctors). Of course the work hours are ridiculous, maybe per hour rate is at McDonalds rate during the peak, which is now. :)

Laguna
09-02-11, 20:54
Just out of curiosity, how many accountants/auditors are there in this forum??!! Bargain hunter, noblebaby, laguna, kengar, all auditors??? I was from a big 4 previously too. Worked the daylights out of me but pays well.

Me? haha, I am very old alr....trader lah....trade properties...


"Worked the daylights out of me but pays well" : I only can say...u hv not seen what is the meaning of pays well....checked those in the tier 1 banks, front office, 4 - 5 years experience, the market price is $500,000 to $750,000 pa..ie they are only 26 years for a female...and dun count the perk of private jet, business class, 5* hotels etc...

hyenergix
09-02-11, 21:10
For the companies to pay the employees so well, they must be able to generate sales far exceeding their pay. At such a young age < 30, what they are probably doing could be related to using instruments similar to CDOs.

new2mondrian
10-02-11, 00:39
how well is considered well?

Haha, well is a subjective word... May be peanuts to some whilst well to others... :) let's just say I am easily contented. :)

Anyway I've since moved on years ago. No longer in a big 4.

new2mondrian
10-02-11, 00:44
Me? haha, I am very old alr....trader lah....trade properties...


"Worked the daylights out of me but pays well" : I only can say...u hv not seen what is the meaning of pays well....checked those in the tier 1 banks, front office, 4 - 5 years experience, the market price is $500,000 to $750,000 pa..ie they are only 26 years for a female...and dun count the perk of private jet, business class, 5* hotels etc...


Yup of course... I have friends who literally made piles of cash doing investment banking/forex trading in 07/08. When the market turned bearish in end 08/09, they all lost their jobs. Few have found jobs overseas then. Each to his own lah...

bargain hunter
10-02-11, 07:41
i studied accounting but got rejected by big 6 accounting firm because of my mere "pass" degree. now i m glad that happened. helped me to take an unconventional route vs my peers. ;)


Just out of curiosity, how many accountants/auditors are there in this forum??!! Bargain hunter, noblebaby, laguna, kengar, all auditors??? I was from a big 4 previously too. Worked the daylights out of me but pays well.

bargain hunter
10-02-11, 07:45
i think you are being very modest. :) conservative as an accountant kekeke. i bet you could have put the 20% downpayment a few years earlier assuming you did not fully pay for your hdb. ;) for big 4 accounting firm, i don't think it would take so long to make the decent money. LOL.


Me and my wife started out in audit firm , worked 6-7 years before jumping out and at 8th year of post-graduation we saved enough for the 20% downpayment. We also have an existing HDB. I guess it is possible if u can endure long enough.

hopeful
10-02-11, 08:19
Yup of course... I have friends who literally made piles of cash doing investment banking/forex trading in 07/08. When the market turned bearish in end 08/09, they all lost their jobs. Few have found jobs overseas then. Each to his own lah...

why would ur friends lose job in forex trading?
in an bull market, easy to make money and in a bear market, very hard to make money?

noblebaby
10-02-11, 08:23
too many traders, brokers, relationship managers out there... when market is bad, no body want to invest, banks & brokerage firms want to cut cost, then chop ppls... :scared-1:


why would ur friends lose job in forex trading?
in an bull market, easy to make money and in a bear market, very hard to make money?

Kengar
10-02-11, 09:25
i think you are being very modest. :) conservative as an accountant kekeke. i bet you could have put the 20% downpayment a few years earlier assuming you did not fully pay for your hdb. ;) for big 4 accounting firm, i don't think it would take so long to make the decent money. LOL.

Singlely cannot, but with combined income it makes things easier. :D

ecimbew
10-02-11, 09:57
Singlely cannot, but with combined income it makes things easier. :D

Agree. Combined income is the best especially when both makes decent income.

ecimbew
10-02-11, 09:59
"Worked the daylights out of me but pays well" : I only can say...u hv not seen what is the meaning of pays well....checked those in the tier 1 banks, front office, 4 - 5 years experience, the market price is $500,000 to $750,000 pa..ie they are only 26 years for a female...and dun count the perk of private jet, business class, 5* hotels etc...

What does it take to get such a job? Academic? Experience?

hopeful
10-02-11, 10:10
What does it take to get such a job? Academic? Experience?

connections & how many rich people know you and want to park their funds with you ;)

noblebaby
10-02-11, 10:14
correct, better dont over commit... if not, very tired life... :scared-3:


Singlely cannot, but with combined income it makes things easier. :D

Laguna
10-02-11, 11:32
What does it take to get such a job? Academic? Experience?

Tier 1 banks hardly conduct recruitments in Sg, most of them, they go to NY and London.

Ivy schools, with great GPA, stand a better chance. Interview skills and the x-factors are important.

Nowadays, there is a need to write up quite a lot of essay for the job application.

I know of one case, everything near perfect, but Chinese so so (scored well higher chinese in Sg)....so gone

francophile
10-02-11, 11:49
Tier 1 banks hardly conduct recruitments in Sg, most of them, they go to NY and London.

Ivy schools, with great GPA, stand a better chance. Interview skills and the x-factors are important.

Nowadays, there is a need to write up quite a lot of essay for the job application.

I know of one case, everything near perfect, but Chinese so so (scored well higher chinese in Sg)....so gone

So the person didn't get the job because of his chinese marks?Until what level do your chinese marks count?Sec 4?I am non Singaporean trying to understand the system

bargain hunter
10-02-11, 12:17
i still think for bankers its more connections than qualifications.

Laguna
10-02-11, 13:10
i still think for bankers its more connections than qualifications.

agreed, depends on the level
junior analyst and associate...skills very much important
VP and above : networking and skills

bargain hunter
10-02-11, 14:22
was referring to your 500 to 750k example so networking, knowing the who's who.


agreed, depends on the level
junior analyst and associate...skills very much important
VP and above : networking and skills

Laguna
10-02-11, 16:04
was referring to your 500 to 750k example so networking, knowing the who's who.

The two I know of, age 25 and 26 now, both are associates, no business network when they started work at the age of 21. They earned the job on their own merits.

Also know a few from China, only one has network/connection

land118
12-02-11, 09:14
Today ST ad page A5, " furniture vouchers equivalent to 5% of purchase price given upon TOP" by FEO

new2mondrian
12-02-11, 09:50
i still think for bankers its more connections than qualifications.

Absolutely agree. Boils down to who you know, rather than what you can do. If family is well connected, that's the easiest route.

Bargain hunter, I am sure you have been much better off than had you started your career in auditing! :)

jitkiat
12-02-11, 14:01
Sad to say good byte to DBR. And noblebaby, here I come ... joining the Waterfront Collection ... got high floor stack 30 1br, 1% less discount than azeoprop but better late than never

azeoprop
12-02-11, 14:03
Congrats! :cheers1: How is the sales figures there so far?

jitkiat
12-02-11, 14:09
Congrats! :cheers1: How is the sales figures there so far?

Unbelievable ... 1br left a few high floor units only. Your stack 37 is definitely better buy (all gone)

The main reason I bought is:

- basement car park
- further away from PIE, noise blocked by nearby HDB blocks + Damai school
- rooftop garden ...
- walkable to MRT from sidegate
- can rent or own stay
- low quantum of 1br, if market collapse, at most 10% downside
- very good size 1br at 580sqft, balcony at 5sqm, a/c ledge 1sqm, good layout
- marble flooring/toilet with lots of goodies
- undemanding psf below 1000psf, mind you DBR 1br was 835psf during recession time
- walkable to Sheng Shiong

kingkong1984
12-02-11, 14:23
Good lah good lah....

jitkiat
12-02-11, 15:05
http://www.h88.com.sg/images/content/2011-02-02/waterfront_isle_location2.jpg

From h88

sleek
12-02-11, 15:33
You sold your DBR already? Good thing about facing school is that there will not be any blockage, so long as the school is there. But have to live with the morning traffic on your workday & sign-song sessions on your off-day. :D


Sad to say good byte to DBR. And noblebaby, here I come ... joining the Waterfront Collection ... got high floor stack 30 1br, 1% less discount than azeoprop but better late than never

noblebaby
12-02-11, 15:43
welcome to the big family! :)


Sad to say good byte to DBR. And noblebaby, here I come ... joining the Waterfront Collection ... got high floor stack 30 1br, 1% less discount than azeoprop but better late than never