View Full Version : A Treasure Trove - New condo at Punggol by Sim Lian Group
Do check if they are releasing new blocks today or tomorrow.
Super crowded means no one will bother me! Yes, heading down soon.
So no Tenant will feel they get a lesser dealer wth en suite in both rooms.
The drying area looks as big as kitchen. Dont know can knock down wall n shift outside or not!!!
Went down today.
Super crowded, crowd mainly young people in their early 30's with young kids. I was looking at the 4 bedders.
Can't believe it, one of the blocks, only one 4 bedder left on the ground floor, the other popular block only left with low floors and floor 14.
Good place to consider as the MRT is near and underground.
4 bedder range from 1mil to 1.2 mil depending on the floor, about 6k more per floor up.
Shoppers bo hiew Dow's 300pt dropped last night. That group probably don't play shares.
linchong84
10-09-11, 14:55
Went down today.
Super crowded, crowd mainly young people in their early 30's with young kids. I was looking at the 4 bedders.
Can't believe it, one of the blocks, only one 4 bedder left on the ground floor, the other popular block only left with low floors and floor 14.
Good place to consider as the MRT is near and underground.
4 bedder range from 1mil to 1.2 mil depending on the floor, about 6k more per floor up.
1mil 4 bedder is unheard of for a couple of years..
linchong84
10-09-11, 14:56
Shoppers bo hiew Dow's 300pt dropped last night. That group probably don't play shares.
The worrying thing ytd wasn't Dow.. It was DAX..
Their main focus is mall and mrt stn. 4year SSD is just nice. This development is quite good with own rubbhish chute and even a yard. Good buy and Must buy.:scared-1:
Shoppers bo hiew Dow's 300pt dropped last night. That group probably don't play shares.
1mil 4 bedder is unheard of for a couple of years..
$1m- 4bed room condo
$880k- attempted price for HDB 5m
Their main focus is mall and mrt stn. 4year SSD is just nice. This development is quite good with own rubbhish chute and even a yard. Good buy and Must buy.:scared-1:
Buy Buy Buy! I think the whole of sg at ATT showflat now haa haa..:p
Any units left for block 50-01, 52-5, 54-10, 60-22 and 60-23?
Yes, they don't play shares at all. LOL!
This is courtesy of H88. I manage to pull in the surrounding sites plus ATT.
Cheers
http://i1220.photobucket.com/albums/dd458/ecimbew/Punggol_Sapphire_Surroundings_small.png
This one is EC or PC? Still must ballot?
My spouse wants me to invest a unit over here! Dangerous to go down to ATT.
Yes, they don't play shares at all. LOL!
This is courtesy of H88. I manage to pull in the surrounding sites plus ATT.
Cheers
http://i1220.photobucket.com/albums/dd458/ecimbew/Punggol_Sapphire_Surroundings_small.png
kingkong1984
10-09-11, 15:40
This one is EC or PC? Still must ballot?
Pc... Get the hint? It's very reasonably priced and cheap. Can get the park view as it will be quiet. If want pool view, go for the 50m lap pool ones.
market so choppy, go window shopping at showroom better.
kingkong1984
10-09-11, 15:45
If not so particular about choice units, can wait....
Price should be lower if no takers before TOP.
linchong84
10-09-11, 15:50
If not so particular about choice units, can wait....
Price should be lower if no takers before TOP.
within a few hours sell 210 liao.. at this price at this rate, i think year end they will put up banner: "thank you for your support. we are 100% sold."
Better get the better units in development of more than 800 units.IMO, these stacks are not bad:50-01, 52-5, 54-10, 60-22 and 60-23.
If not so particular about choice units, can wait....
Price should be lower if no takers before TOP.
At this rate, will overake Eu Habitat.
within a few hours sell 210 liao.. at this price at this rate, i think year end they will put up banner: "thank you for your support. we are 100% sold."
Google MAP view
http://i1220.photobucket.com/albums/dd458/ecimbew/punggol_treasure_trove_google_map.jpg
can anyone advise on the size of the bedrooms? Esp for 2br 775sqft got big balcony, ac ledge, bomb shelter etc. Noticed the floor plan got no beds drawn in. If layout gd dun mind spending more bullets on this :)
Go grab your unit now! Actually I was quite surprised yesterday that there was no difference in price between pool facing units and outside facing units.
e.g. 2+study
#03-11 was 816k
#02-40 was 811k
buttercarp
10-09-11, 16:07
If not so particular about choice units, can wait....
Price should be lower if no takers before TOP.
I am thinking of that too.
Now got no vitamin M.
At TOP of ATT then my vitamin will come in around that time and I will zoom in on the "unwanted" unit.
Two bedder has better layout and west facade is a wall of the living room. This is better than 915sqft with master bedroom having a west facing facade. The additional toilet in the yard area may not be necessary unless you have a maidl.
can anyone advise on the size of the bedrooms? Esp for 2br 775sqft got big balcony, ac ledge, bomb shelter etc. Noticed the floor plan got no beds drawn in. If layout gd dun mind spending more bullets on this :)
Most probably by then only those 4000++sqft penthouses left. :rolleyes:
Which blocks are these units from?
Go grab your unit now! Actually I was quite surprised yesterday that there was no difference in price between pool facing units and outside facing units.
e.g. 2+study
#03-11 was 816k
#02-40 was 811k
Before it was sold.
Notice the height of the opposite HDB blocks, Punggol Sapphire.
http://img121.imageshack.us/img121/8015/dsc7475f.jpg
http://i54.photobucket.com/albums/g112/harperlp/punggol%20emerald/re1001asfwg.jpg
buttercarp
10-09-11, 16:17
Most probably by then only those 4000++sqft penthouses left. :rolleyes:
I want, I want.......but must wait till the right time then strike.
In the mean time i will just hibernate and save energy :sleep: .
Actually I find the roof terrace a total waste of space.
But i like the 7 bedrooms.
Which blocks are these units from?
blk54 #03-11 816k
blk68 #02-40 811k
blk54 #08-10 727k
blk58 #02-18 703k
Anyway most probably all gone by now.
How many percent of the development have been released?
blk54 #03-11 816k
blk68 #02-40 811k
blk54 #08-10 727k
blk58 #02-18 703k
Anyway most probably all gone by now.
How many percent of the development have been released?
Nearly 50%
I think it has reached phase 2.
Since they have sold beyond their phase 1 release of 300 units.
ST reported this morning 350 units sold. That was yesterday's closing.
It has 882 units so, yes, probably 400 sold by this evening.
Is there a plot near to bk mrt?
yes, next to Esparina, opp Quartz
Still worth going down tm if 50% sold. Wonder what is the percentage of Spore Citizen and SPR bought into this development?
Nearly 50%
I think it has reached phase 2.
Since they have sold beyond their phase 1 release of 300 units.
ST reported this morning 350 units sold. That was yesterday's closing.
It has 882 units so, yes, probably 400 sold by this evening.
Went down late morning to see ATT. Good layout, but so-so quality. Price fair, in this market. High demand. 95% of 2bed released sold out. Around 50% released. Median price should be around 900 psf esp for 2 and 3 bedder. 2 bedder currently S$700k to S$750k. From investment perspective, should buy? MRT, mall, interest rate very low, BUT NE side upcoming supply. Is this the right time? Comments, all?
Seems that $750k is still able to attract buyers. Mindset of anything less than 1 million is still ok. I believe this place is more for own-stay where young couple wants to stay their parents and coupled with malls, mrt and near the "water". IMO still fair buy.
Went down late morning to see ATT. Good layout, but so-so quality. Price fair, in this market. High demand. 95% of 2bed released sold out. Around 50% released. Median price should be around 900 psf esp for 2 and 3 bedder. 2 bedder currently S$700k to S$750k. From investment perspective, should buy? MRT, mall, interest rate very low, BUT NE side upcoming supply. Is this the right time? Comments, all?
HDB transactions in Aug 2011
What is $750K to HDB upgraders?
Blk 191 *Punggol Ctrl 11 to 15flr 128.00sqm
Premium Apartment TOP2004 $625,000.00
Blk 190 *Punggol Ctrl 11 to 15flr 128.00sqm
Premium Apartment TOP2004 $618,000.00
*Punggol Ctrl blk 160B 11 to 15flr 114.00sqm
Premium Apartment TOP2004 $558,000.00
Punggol Ctrl* blk 643 16 to 20flr 110.00sqm
Premium Apartment TOP2005 $562,000.00
*Punggol Ctrl blk 645 06 to 10flr 91.00sqm
Premium Apartment TOP2005 $466,000.00
By the way, these are the most expensive HDB transactions in Aug 2011.
301 *Shunfu Rd 06 to 10 158.00
Maisonette 1985 $842,000.00
201 *Bishan St 23 06 to 10 149.00
Maisonette 1992 $805,000.00
148 *Mei Ling St 16 to 20 149.00
Apartment 1995 $840,000.00
27B *Jln Membina 21 to 25 110.00
Improved 2008 $830,000.00
4A *Boon Tiong Rd 26 to 30 115.00
Improved 2005 $850,000.00
5 *Tg Pagar Plaza 21 to 25 118.00
Adjoined Flat 1977 $823,000.00
2 *Marine Ter 16 to 20 120.00
Standard 1975 $898,000.00
1292 sqft
695psf
29 *Marine Cres 11 to 15 120.00
Standard 1975 $805,000.00
Punggol people are rich haa haa... :D Soon Punggol will be an attas designer hdb town.
Sidetrack... What can you say? Koreans were monitoring One Leicester back in 2006. Prices were so cheap then!!!
http://kr.blog.yahoo.com/singproperty114/186.html?p=7&pm=l&tc=107&tt=1271103274
Year 2008: Avg Price=$ 1,070,080; psf=$ 878; Total-5 sales.**
Year 2007: Avg Price=$ 879,307; psf=$ 704; Total-50 sales.**
Year 2006: Avg Price=$ 695,239; psf=$ 614; Total-123 sales.**
Now ATT in Punggol is selling for slightly below $900 psf and 99yr leasehold.
OL is in Potong Pasir and Freehold.
Sidetrack... What can you say? Koreans were monitoring One Leicester back in 2006. Prices were so cheap then!!!
http://kr.blog.yahoo.com/singproperty114/186.html?p=7&pm=l&tc=107&tt=1271103274
Year 2008: Avg Price=$ 1,070,080; psf=$ 878; Total-5 sales.**
Year 2007: Avg Price=$ 879,307; psf=$ 704; Total-50 sales.**
Year 2006: Avg Price=$ 695,239; psf=$ 614; Total-123 sales.**
Now ATT in Punggol is selling for slightly below $900 psf and 99yr leasehold.
OL is in Potong Pasir and Freehold.So much price correction has taken place between 2008 to 2011. :o
Sidetrack... What can you say? Koreans were monitoring One Leicester back in 2006. Prices were so cheap then!!!
http://kr.blog.yahoo.com/singproperty114/186.html?p=7&pm=l&tc=107&tt=1271103274
Year 2008: Avg Price=$ 1,070,080; psf=$ 878; Total-5 sales.**
Year 2007: Avg Price=$ 879,307; psf=$ 704; Total-50 sales.**
Year 2006: Avg Price=$ 695,239; psf=$ 614; Total-123 sales.**
Now ATT in Punggol is selling for slightly below $900 psf and 99yr leasehold.
OL is in Potong Pasir and Freehold.
Those were the days, Meyer road brand new FH was only $700+ - 800+ psf, Amber area $600+ in 2006
the marine terrace HDB transaction is bordering of madness. at this rate, the honour of a HDB transacting at $1mio will be snatched from Duxton.
bargain hunter
10-09-11, 23:38
according to BT, "In all, 350 units in the project had been sold as at 5.30 pm yesterday. Singaporeans accounted for 94 per cent of buyers. Some 80 per cent of buyers have HDB addresses, mostly in the surrounding Punggol and Sengkang vicinity. Sim Lian estimates that 40 per cent of buyers are investors and the other 60 per cent, owner occupiers.
Sim Lian released another 200 units yesterday, taking total units released to 500 units. The average price remains unchanged at $866 psf."
400 looks likely today. maybe they'll release more tomorrow rather than wait for next weekend. :D
Nearly 50%
I think it has reached phase 2.
Since they have sold beyond their phase 1 release of 300 units.
ST reported this morning 350 units sold. That was yesterday's closing.
It has 882 units so, yes, probably 400 sold by this evening.
Went down late morning to see ATT. Good layout, but so-so quality. Price fair, in this market. High demand. 95% of 2bed released sold out. Around 50% released. Median price should be around 900 psf esp for 2 and 3 bedder. 2 bedder currently S$700k to S$750k. From investment perspective, should buy? MRT, mall, interest rate very low, BUT NE side upcoming supply. Is this the right time? Comments, all?
who will want to rent your 2 bedder in punggol in recession. think carefully. this is called chase all the way to the top
the marine terrace HDB transaction is bordering of madness. at this rate, the honour of a HDB transacting at $1mio will be snatched from Duxton.
Yes, Kane. The man said it too.
http://news.asiaone.com/News/Latest%2BNews/Business/Story/A1Story20110320-269085.html
"85% of Singaporeans are living in HDB flats and we intend to keep the values of these homes up. It will never go down," said M&M.
More hot launches coming up. Those who are waiting at the sideline for prices to crash will be surprised by the sales figures. The property party should last until early next year when bonuses are disbursed. After that perhaps cool down due to slower economic growth and lack of good sites, assuming no large scale retrenchments.
devilplate
11-09-11, 09:00
who will want to rent your 2 bedder in punggol in recession. think carefully. this is called chase all the way to the top
Rent out at 1.5k lor...y not?
devilplate
11-09-11, 09:02
the marine terrace HDB transaction is bordering of madness. at this rate, the honour of a HDB transacting at $1mio will be snatched from Duxton.
The condos there almost double in px mah.....sell condo can afford hdb rite? Lol
who will want to rent your 2 bedder in punggol in recession. think carefully. this is called chase all the way to the top
4rm rental near baungkok mrt stn is $2500. How much this place getting now?
The condos there almost double in px mah.....sell condo can afford hdb rite? Lol
A condo double the price would probably be 5 years old and then swap for a 35 year old HDB?? I can certainly see the sense in that. Heh.
HDB dwellers have plenty of Vit M looking at this project and carpark problem in HDB estates as they have more than one car. Some Punggol and Sengkang HDB dwellers may just rent out their flats and move into ATT when TOP 4 years later which is nearer to the mrt stn and shopping malls. Hopefully, rental can pay for the mortgage. Chance of losing is minimal for this group of people. Some could be young couples who can stay near their parents. Final deduction, rental market here in future will be very competitive. Prices does not move much with too many own-stay households. Finally, manage to convince my spouse not to go for this one this morning after seeing all this. Looking forward with another project in the east that is next to mrt stn.
according to BT, "In all, 350 units in the project had been sold as at 5.30 pm yesterday. Singaporeans accounted for 94 per cent of buyers. Some 80 per cent of buyers have HDB addresses, mostly in the surrounding Punggol and Sengkang vicinity. Sim Lian estimates that 40 per cent of buyers are investors and the other 60 per cent, owner occupiers.
Sim Lian released another 200 units yesterday, taking total units released to 500 units. The average price remains unchanged at $866 psf."
400 looks likely today. maybe they'll release more tomorrow rather than wait for next weekend. :D
HDB dwellers have plenty of Vit M looking at this project and carpark problem in HDB estates as they have more than one car. Some Punggol and Sengkang HDB dwellers may just rent out their flats and move into ATT when TOP 4 years later which is nearer to the mrt stn and shopping malls. Hopefully, rental can pay for the mortgage. Chance of losing is minimal for this group of people. Some could be young couples who can stay near their parents. Final deduction, rental market here in future will be very competitive. Prices does not move much with too many own-stay households. Finally, manage to convince my spouse not to go for this one this morning after seeing all this. Looking forward with another project in the east that is next to mrt stn.
resistance is futile...buy buy buy! :D
Looking for the first Investment in the eastern part of the OCR.
resistance is futile...buy buy buy! :D
By yesterday afternoon, 9 out of 14 blocks were released. All 2 br units were sold, except for ground floor units with PES. Other types were doing well too. At about 4pm, stack 42 (2 br) was released and you could see a frenzy and rush to queue.
The ambience reminded of the kind of craziness in 2007.
:scared-4:
Surely star performance of Sept sales! :cool: Lelong! Lelong! Singapore Sale!
By yesterday afternoon, 9 out of 14 blocks were released. All 2 br units were sold, except for ground floor units with PES. Other types were doing well too. At about 4pm, stack 42 (2 br) was released and you could see a frenzy and rush to queue.
The ambience reminded of the kind of craziness in 2007.
:scared-4:
By yesterday afternoon, 9 out of 14 blocks were released. All 2 br units were sold, except for ground floor units with PES. Other types were doing well too. At about 4pm, stack 42 (2 br) was released and you could see a frenzy and rush to queue.
The ambience reminded of the kind of craziness in 2007.
:scared-4:
Why why why why why? I really do not understand the sentiment now. Confusing! :banghead:
Why why why why why? I really do not understand the sentiment now. Confusing! :banghead:
for those waiting for firesales.... wait long long.... :D
Strategy,
1. buy elsewhere now......
2. rent from the current buyers of ATT, coz so many competing for rentals
3. rent until the ATT owner pek chek with returns, then buy from current owners.
I was told on the preview night the cars spilled over to the main road outside. Did prive have as good a response...?
If most hdb upgraders. Really good luck lock-in the buy price now and lock-in sell price 4 years later. lol. Or am I mistaken HDB upgraders means not only own HDB but can downpay a second property and hold at the same time. If the latter. Then average Singaporeans are disgustingly rich. Or is it a mirage?
Why why why why why? I really do not understand the sentiment now. Confusing! :banghead:
Neither do I. It just means most people have 1 HDB. They just buy a second one to live in or rent out for fun with low interest while holding the HDB. Since it is common belief one should never sell HDB. They see advertisement like euhabitat and cultivate the should buy factor?
Rent out at 1.5k lor...y not?
600k buy MM skysuites can get higher yield. Really stupid if want to buy for investment go prime.
600k buy MM skysuites can get higher yield. Really stupid if want to buy for investment go prime.
2 bed worst case is they move in themselves mah. Those mm they can't live in themselves.
2 bed worst case is they move in themselves mah. Those mm they can't live in themselves.
wah if there is a certainty that if need to move in themselves. why buy in the first place.
wah if there is a certainty that if need to move in themselves. why buy in the first place.
Starts off being an investment idea but with a feasible plan B ad back up. With MMs, unless you're a bachelor or bachelorette, there's only a plan A and no plan B.
Based on the carparking problems (owning more than 1 cars) and the sales from ATT, my questions to KBW are:
a. Should HDB with private properties be given more of Special Package, conservancy rebate, etc? Should they be treated like private home owners.
b. Should MOP be revert to 10 years?
Based on the carparking problems (owning more than 1 cars) and the sales from ATT, my questions to KBW are:
a. Should HDB with private properties be given more of Special Package, conservancy rebate, etc? Should they be treated like private home owners.
b. Should MOP be revert to 10 years?
MOP 10 years a bit too long lah. 7-8 years should be ok.
MOP 10 years a bit too long lah. 7-8 years should be ok.
IRAS should already have the system that. links private to public properties. To implement first measure should be possible. SSD already 4yrs. Has got to more than twice of that to be effective.
IRAS should already have the system that. links private to public properties. To implement first measure should be possible. SSD already 4yrs. Has got to more than twice of that to be effective.
Still here? Never go showflat? After that can go evening walk at punggol beach and marina and have dinner there. :rolleyes:
Still here? Never go showflat? After that can go evening walk at punggol beach and marina and have dinner there. :rolleyes:
Decided to gve it a miss after looking at the high % of own-stay buyers & they r from nearby ponggol & sengkang.
Decided to gve it a miss after looking at the high % of own-stay buyers & they r from nearby ponggol & sengkang.
may i know why is this a concern? doesn't high percent of own-stay buyers means less competition for rental?
may i know why is this a concern? doesn't high percent of own-stay buyers means less competition for rental? this group of people will rental out their hdb flats & affect rental in ATT. Furthermore, price at ATT will not move up some quickly with not many people selling. Just happened to one leicester as an example since TOP.
Starts off being an investment idea but with a feasible plan B ad back up. With MMs, unless you're a bachelor or bachelorette, there's only a plan A and no plan B.
Yah 80% chance will definitely move into the 2 bedder and rent their hdb instead. Wasn a good plan in the first place.
The ATT fever is still hot...haa haa.
http://www.h88.com.sg/article/This+crowded+showflat+belongs+to.../
:scared-1:
Another problem is that residents at ATT may be sharing their pool and amenities with nearby flat residents. Security has to be do a good job. It has happened in some ECs and condos in the middle of hdb estates.
Yah 80% chance will definitely move into the 2 bedder and rent their hdb instead. Wasn a good plan in the first place.
The ATT fever is still hot...haa haa.
http://www.h88.com.sg/article/This+crowded+showflat+belongs+to.../
:scared-1:
didnt buy, feel like losing out leh :hungry:
Wait for another one that is even closer to mrt and in the east. But must have Vit M of at least $1200-1400psf for MM units of about 450sqft.:)
didnt buy, feel like losing out leh :hungry:
Yielded to temptation and got a 2br. Agent damn on help me q for stack released today. Showflat was super packed!!!
I will do like you too if I were there today. The environment must be highly charged up with cheques flying around. :scared-3: All stacks released? How many % sold out?
Yielded to temptation and got a 2br. Agent damn on help me q for stack released today. Showflat was super packed!!!
All stacks released? How many % sold out?
Think 2br released units all gone in a flash. 3br also very hot. 2 and 3 + study still got a few i think. Did not like the cramped layout but less than 1k psf next to mrt and mall rent out shd be easy
Nothing to do this afternoon so paid a visit to both luxurie and att.
Att, wow, the rows are so close to each other, and they all are nicely lined up exactly like HDB :cool: . 800 over units! I wonder whether those HDB upgraders will get a shock when they realize at TOP this is just like another HDB cluster.
Think 2br released units all gone in a flash. 3br also very hot. 2 and 3 + study still got a few i think. Did not like the cramped layout but less than 1k psf next to mrt and mall rent out shd be easy
Everyone thinks the same:D :D
devilplate
11-09-11, 19:59
Nothing to do this afternoon so paid a visit to both luxurie and att.
Att, wow, the rows are so close to each other, and they all are nicely lined up exactly like HDB :cool: . 800 over units! I wonder whether those HDB upgraders will get a shock when they realize at TOP this is just like another HDB cluster.
Both equally cramped site plan
Hdb nowadays r spaced further apart lor....whahaha
Yielded to temptation and got a 2br. Agent damn on help me q for stack released today. Showflat was super packed!!!
Congrats on your treasure! :cheers1:
Both equally cramped site plan
Hdb nowadays r spaced further apart lor....whahaha
Now minton becomes a luxury haa haa... :rolleyes:
Look at nearby HDB waterway terrace.
Both equally cramped site plan
Hdb nowadays r spaced further apart lor....whahaha
Nothing to do this afternoon so paid a visit to both luxurie and att.
Att, wow, the rows are so close to each other, and they all are nicely lined up exactly like HDB :cool: . 800 over units! I wonder whether those HDB upgraders will get a shock when they realize at TOP this is just like another HDB cluster.
It looks like the dbss premiere at tampines with a pool.
this is really a treasure trove sia...:doh:
linchong84
11-09-11, 21:37
the site layout doesn't matter.. the price is a winner at this good location.. it's only when location isn't good then people start to look at site layout etc.. minton simply cant compare to this because of location..
Nothing to do this afternoon so paid a visit to both luxurie and att.
Was there too, Lux's agents queuing for customers, ATT customers queuing to get in.
For upgraders it looks attractive, decent size, layout & $psf ok. Maintenance fee is pretty low, Dbss with facilities as what yjcai said. This proj really hot.
the site layout doesn't matter.. the price is a winner at this good location.. it's only when location isn't good then people start to look at site layout etc.. minton simply cant compare to this because of location..
The thing I like about D19 is the NE line. From Punggol to Dhoby Ghaut is a matter of less than 30 mins. Compared to Jurong and Tampines, the time is shorter. Also, the trains are less cramped, for now at least. If driving, KPE really no horse run. Its so fast that I do my groceries shopping sometimes at Kallang Leisure Park.
I just went to Luxurie thread to take a look and the same size 2BR in ATT costs $100k less??? No wonder ATT selling like hot cakes la
linchong84
11-09-11, 21:48
ATT is good for buyers and maybe SL..
But it is bad for the industry..
ATT is good for buyers and maybe SL..
But it is bad for the industry..ATT never good for SL. Now SL is the number 1 developer's enemy! :D
Both equally cramped site plan
Hdb nowadays r spaced further apart lor....whahaha
I didn't say the other one is not cramped ;) since this is the att thread...
... And while u r at it, I can see why att sells well. Almost 20% cheaper, and most importantly the bedrooms are decent enough to fit a queen bed. The other one's common room can only fit single bed. Even the PH unit is like that. I think SL is smart. Focus on the price, and ditch all the branded fittings. The keppel one has all the branded stuff, and marble floor etc, but it's a mismatch. 1050psf is a little too rich even in today's sengkang.
Was driving to the showflat and realised I've travelled to the end of the world, oh no I meant Punggol! Along with that Matilda house, I decided to give this a miss!:o
I didn't say the other one is not cramped ;) since this is the att thread...
... And while u r at it, I can see why att sells well. Almost 20% cheaper, and most importantly the bedrooms are decent enough to fit a queen bed. The other one's common room can only fit single bed. Even the PH unit is like that. I think SL is smart. Focus on the price, and ditch all the branded fittings. The keppel one has all the branded stuff, and marble floor etc, but it's a mismatch. 1050psf is a little too rich even in today's sengkang.Luxurie gave marble for living room but its laminate flooring for the bedrooms! :doh:
Was driving to the showflat and realised I've travelled to the end of the world, oh no I meant Punggol! Along with that Matilda house, I decided to give this a miss!:o
Some scenes from the end of the world.
Some scenes from the end of the world.You are very hardworking to travel so far to take these pixs. :D
Another problem is that residents at ATT may be sharing their pool and amenities with nearby flat residents. Security has to be do a good job. It has happened in some ECs and condos in the middle of hdb estates.
Totally agreed
The fence should not have gaps otherwise people will squeeze in. Don't laugh. I witnessed it before.
Now minton becomes a luxury haa haa... :rolleyes:
They should relaunch Minton. It's less than $900 psf right?
They should relaunch Minton. It's less than $900 psf right?Somebody mentioned that Minton showflat is taken down or has it? Anyone can confirm? Maybe developer preparing for a relaunch?
Pricing is indeed attractive, but I am a bit doubtful about rental. It is not really near any major industries and business hub. For everyone who works at dobhy gaut and seletar aerospace hub, there are many competiting choices.
the site layout doesn't matter.. the price is a winner at this good location.. it's only when location isn't good then people start to look at site layout etc.. minton simply cant compare to this because of location..
Ya.. TG can't compare, Clover can't compare. These two should be priced much lower since got no MRT or mall. The MRT/Mall factor is overshadowing everything else that even if you built a dog house beside it, people will still buy.
linchong84
11-09-11, 23:40
Ya.. TG can't compare, Clover can't compare. These two should be priced much lower since got no MRT or mall. The MRT/Mall factor is overshadowing everything else that even if you built a dog house beside it, people will still buy.
try to be objective bro.. minton is not in bishan or middle of singapore.. it's in same district 19 as ATT but ATT has both MRT and megamall.. And ATT also has expensive frasers neighbour next time..
Minton used to be a fair buy before SL launches ATT at this price.. But after ATT is launched, other D19 properties' pricing suddenly seem a little inflated.. Esparina still looks good but it is an EC.. Just my opinion..
Ya.. TG can't compare, Clover can't compare. These two should be priced much lower since got no MRT or mall. The MRT/Mall factor is overshadowing everything else that even if you built a dog house beside it, people will still buy.
not really what.. you look at Sunglade.... did not really move much...
try to be objective bro.. minton is not in bishan or middle of singapore.. it's in same district 19 as ATT but ATT has both MRT and megamall.. And ATT also has expensive frasers neighbour next time..
Minton used to be a fair buy before SL launches ATT at this price.. But after ATT is launched, other D19 properties' pricing suddenly seem a little inflated.. Esparina still looks good but it is an EC.. Just my opinion..
Hehe..Minton and ATT also very far apart. D19 very big, got 4 GRCs (Marine Parade, Aljunied, Pasir Ris/Punggol and AMK) and 1 SMC. Point is as long as near MRT/Mall, people don't care nowadays, which is sad because most buying for own stay. Personally, for own stay, site layout, facing, unit size are quite important too. No need to be next to MRT, one or two bustops away can already if project is reasonably good. But ATT not too bad also lah, just that site will be very cramped. I don't really like it when I sneeze, my opposite neighbour can catch a cold. Personal preference. Had a unit next to MRT, but sold it before TOP cos facing main road. :D
linchong84
12-09-11, 00:08
Hehe..Minton and ATT also very far apart. D19 very big, got 4 GRCs (Marine Parade, Aljunied, Pasir Ris/Punggol and AMK) and 1 SMC. Point is as long as near MRT/Mall, people don't care nowadays, which is sad because most buying for own stay. Personally, for own stay, site layout, facing, unit size are quite important too. No need to be next to MRT, one or two bustops away can already if project is reasonably good. But ATT not too bad also lah, just that site will be very cramped. I don't really like it when I sneeze, my opposite neighbour can catch a cold. Personal preference. Had a unit next to MRT, but sold it before TOP cos facing main road. :D
to be honest, for a driver minton is a good location, maybe better than ATT.. but most families especially upgraders only has one car.. so the head of the household who drives the car has to think for the rest too.. and the megamall really will bring much convenience..
site layout might be important but singaporeans seldom stay at home.. convenience is key thus making MRT and megamall a big draw..
Decided to gve it a miss after looking at the high % of own-stay buyers & they r from nearby ponggol & sengkang.
wise choice :)
I also give it a miss. I also believe market will get worst, like 2009. If more people commit now, when there is correction, there will be less competitor. :)
not really what.. you look at Sunglade.... did not really move much...
Who says? From $700+psf in 2009 to more than $1k psf now for a 8 year old condo not good enuf meh?
to be honest, for a driver minton is a good location, maybe better than ATT.. but most families especially upgraders only has one car.. so the head of the household who drives the car has to think for the rest too.. and the megamall really will bring much convenience..
site layout might be important but singaporeans seldom stay at home.. convenience is key thus making MRT and megamall a big draw..
sadly so. but malls here and malls there selling the same old things... i m personally sick of them. but that's crowd mentality, and prices are based on supply n demand, so what can i say...
personally finds almost 900 units on that plot of land atrociously cramped. but then again whole of punggol is just too cramped and high rise and crowded.
did a quick calculation for the 72sq m 2-bedder, assuming price around 900+ psf (someone mentioned price range of 700k-750k?). if u deduct away the redundant sim lian trademark spaces (2 sq m off the approx 4 sq m ac ledge, 4 sq m of drying ledge), the price will exceed 1000 psf.
but i guess most will find it still worth it due to mrt and mall. supply, demand and mass mind..
wise choice :)
I also give it a miss. I also believe market will get worst, like 2009. If more people commit now, when there is correction, there will be less competitor. :)
U may be right bro. While I bought a unit at ATT, I am not totally convinced the price will go up. Its a chance I took vs leaving the money in 0.5% fixed d. SL may have just crashed the market. I wonder how frasers/feo can launch their $1b land project next door...
Regulators
12-09-11, 00:57
why haven't you thought of buying a relatively new condo already beside a mall n mrt now, rent out till 2015, wouldnt your profit still be the same? If you are thinking of capital appreciation, when ATT appreciates in value upon TOP, the entire singapore's mass market condo will appreciate in tandem so it really makes no difference from an investment point of view.
U may be right bro. While I bought a unit at ATT, I am not totally convinced the price will go up. Its a chance I took vs leaving the money in 0.5% fixed d. SL may have just crashed the market. I wonder how frasers/feo can launch their $1b land project next door...
It will be quite expensive for one to buy a condo next to a mall with mrt station now.
SL has probably studied the market and strategize with a reasonable price project to attract the nearby HDB upgraders. IMO, this project is considered a better option for them good to move into 4 years later as there is no large mall in really close proximity to mrt station in this area. However, not sure about people who are not in this category.
why haven't you thought of buying a relatively new condo already beside a mall n mrt now, rent out till 2015, wouldnt your profit still be the same? If you are thinking of capital appreciation, when ATT appreciates in value upon TOP, the entire singapore's mass market condo will appreciate in tandem so it really makes no difference from an investment point of view.
It will be quite expensive for one to buy a condo next to a mall with mrt station now.
SL has probably studied the market and strategize with a reasonable price project to attract the nearby HDB upgraders. IMO, this project is considered a better option for them good to move into 4 years later as there is no large mall in really close proximity to mrt station in this area. However, not sure about people who are not in this category.
Thought about it. I went thru propertyguru to search for a 2BR under $800k in the whole S'pore. it yielded only one result (not including Geylang) - one unit at Maysprings Bt Panjang and its asking $799k :)
victorchoo
12-09-11, 09:41
There are still resale potential when this project TOP 3 to 4 yrs later as Punggol estate matures and more families are free of their MOP.
Who says? From $700+psf in 2009 to more than $1k psf now for a 8 year old condo not good enuf meh?
thats a move in tandem with market..
devilplate
12-09-11, 09:50
thats a move in tandem with market..
to hit 1kpsf for sunglade oredi vy good....without megamall and mrt is impossible to achieve tat. beacon heights area much nearer to town r doing about the same px and they r 99lh or FH and mrt and mall r missing
It is alright as long as have holding power. People who are Cash rich have really got to do something with the $.
Thought about it. I went thru propertyguru to search for a 2BR under $800k in the whole S'pore. it yielded only one result (not including Geylang) - one unit at Maysprings Bt Panjang and its asking $799k :)
devilplate
12-09-11, 10:17
seriously this project not bad la except the fact tat there is no privacy lor
at least they r cheaper den luxurie/my manhattan etc rite? hehe
resale EC like park green wif no mall and no mrt r doing about 700-750psf.....so for this one if u pay 100-150psf more ok wat considering got mrt/mall/brandnew
resale near mrt so ex now leh.....
let say compare between resale compass hts and att, both similar psf but compass hts higher quantum ....i will choose att lor
Problem is - no primary school within 1 km, not to mention good ones. Young families are likely to take that into consideration.
phantom_opera
12-09-11, 10:24
Seriously, SL is clearing stocks, they could have sold higher if not because of shitty market condition. Imagine CAPL has crashed from $4+ to $2+ ... 3rd wave of Dow hitting 10k is coming ...:scared-3:
US 10y Treasury yield - 1.915% (this could only mean very high chance of recession)
linchong84
12-09-11, 10:24
seriously this project not bad la except the fact tat there is no privacy lor
at least they r cheaper den luxurie/my manhattan etc rite? hehe
resale EC like park green wif no mall and no mrt r doing about 700-750psf.....so for this one if u pay 100-150psf more ok wat considering got mrt/mall/brandnew
resale near mrt so ex now leh.....
let say compare between resale compass hts and att, both similar psf but compass hts higher quantum ....i will choose att lor
of course choose ATT cos compass heights already around 15 years into its 99-year lease right? Not a very good comparison cos this comparison will be more about lease.. But there's no other closer comparison though.. maybe quartz? but quartz dun have mall, only ntuc/coffeeshop..
Seriously, SL is clearing stocks, they could have sold higher if not because of shitty market condition. Imagine CAPL has crashed from $4+ to $2+ ... 3rd wave of Dow hitting 10k is coming ...:scared-3:
US 10y Treasury yield - 1.915% (this could only mean very high chance of recession)
SL's Tampines DBSS already tiao du, have to clear stocks lah....
good price relative to current mkt, may not be so 2 yrs from now....:2cents:
of course choose ATT cos compass heights already around 15 years into its 99-year lease right? Not a very good comparison cos this comparison will be more about lease.. But there's no other closer comparison though.. maybe quartz? but quartz dun have mall, only ntuc/coffeeshop..
Quartz only near Buangkok MRT that's all. No big deal but thanks to MRT effect (even if it's a MRT far-placed along a secondary MRR line) it still manages to achieve a ridiculously high psf...
Quartz only near Buangkok MRT that's all. No big deal but thanks to MRT effect (even if it's a MRT far-placed along a secondary MRR line) it still manages to achieve a ridiculously high psf...
It has a 24hour HDB and kopitiam it I remember correctly.
Cannot compete with large malls with everything under one roof. Quartz owners may have bought ATT too. Time to relocate for the better 4 years later.
It has a 24hour HDB and kopitiam it I remember correctly.
devilplate
12-09-11, 11:09
Quartz only near Buangkok MRT that's all. No big deal but thanks to MRT effect (even if it's a MRT far-placed along a secondary MRR line) it still manages to achieve a ridiculously high psf...
and quartz oredi hit 1kpsf!
Provided the mall in punggol is ready by then.
What is the latest sales figure? A record for 2011? :p
phantom_opera
12-09-11, 11:50
SL's Tampines DBSS already tiao du, have to clear stocks lah....
good price relative to current mkt, may not be so 2 yrs from now....:2cents:
I am quite sure recession is coming but I don't think much correction will come to prop market in Singapore. As a matter of fact, HDB still in short supply, what they are doing is to drive all Singaporeans to ECs/BTOs and left the resale market to SPRs ... the number of pent-up SPRs alone can sustain the HDB market for next 5y at least so recession time means low COV but price will be flat similar to 2009.
For private market, it is more uncertain as there are many market segments, but I have this nagging feeling that CAPL will not be able to sell @ 1.5kpsf at Bishan no matter how "fantastic" is the architecture unless they really shock the market with 608sf 2br. As shown by ATT, selling below 1kpsf low quantum near MRT is the key to success even when stock market is crashing ...
bargain hunter
12-09-11, 11:51
should have easily cleared 400 rite? not sure if has surpassed 500 or if sim lian had launched more than 500 by yesterday.
What is the latest sales figure? A record for 2011? :p
How to sell low at such high bid price? They really need a lot of naive buyers? Like what happen when FEO took residents of Bishan 8 for that long ride.
I am quite sure recession is coming but I don't think much correction will come to prop market in Singapore. As a matter of fact, HDB still in short supply, what they are doing is to drive all Singaporeans to ECs/BTOs and left the resale market to SPRs ... the number of pent-up SPRs alone can sustain the HDB market for next 5y at least so recession time means low COV but price will be flat similar to 2009.
For private market, it is more uncertain as there are many market segments, but I have this nagging feeling that CAPL will not be able to sell @ 1.5kpsf at Bishan no matter how "fantastic" is the architecture unless they really shock the market with 608sf 2br. As shown by ATT, selling below 1kpsf low quantum near MRT is the key to success even when stock market is crashing ...
bargain hunter
12-09-11, 11:59
:confused:
more from the BT article last sat:
"Penthouse seekers with smaller budgets may consider Sim Lian's 99-year leasehold private condo A Treasure Trove near Punggol MRT Station. The 882-unit project has 42 penthouses ranging from 1,528 sq ft (with two bedrooms) to 4,876 sq ft (seven bedrooms). The penthouses prices are said to range from nearly $1 million to around $2.8 million.
The project's preview began on Thursday and as at 5.30 pm yesterday, 24 penthouses had been released of which 11 have been sold, including the largest unit, which has seven bedrooms on the 16th floor and an open terrace above it."
Anyone can upload floor plan of the 1528sq ft penthouse here?
:confused:
more from the BT article last sat:
"Penthouse seekers with smaller budgets may consider Sim Lian's 99-year leasehold private condo A Treasure Trove near Punggol MRT Station. The 882-unit project has 42 penthouses ranging from 1,528 sq ft (with two bedrooms) to 4,876 sq ft (seven bedrooms). The penthouses prices are said to range from nearly $1 million to around $2.8 million.
The project's preview began on Thursday and as at 5.30 pm yesterday, 24 penthouses had been released of which 11 have been sold, including the largest unit, which has seven bedrooms on the 16th floor and an open terrace above it."
devilplate
12-09-11, 12:14
Anyone can upload floor plan of the 1528sq ft penthouse here?
U seems interested but so scare to go down:p
Just go down and get the brochure lor
I am saving it for another development. Just curious on the layout of this penthouse. Bustling showflat environment can overcome one's mind.It will be buying out of emotion. :tsk-tsk:
Suppose you have gone down. How is the this layout of this penthouse? Which floor and facing? Care to share?
U seems interested but so scare to go down:p
Just go down and get the brochure lor
Anyone can upload floor plan of the 1528sq ft penthouse here?
The layout is the same as the normal 2 bedroom except for a wider living/dinner area for the stairs to the roof terrace and a small store room under the stairs.
:confused:
more from the BT article last sat:
"Penthouse seekers with smaller budgets may consider Sim Lian's 99-year leasehold private condo A Treasure Trove near Punggol MRT Station. The 882-unit project has 42 penthouses ranging from 1,528 sq ft (with two bedrooms) to 4,876 sq ft (seven bedrooms). The penthouses prices are said to range from nearly $1 million to around $2.8 million.
The project's preview began on Thursday and as at 5.30 pm yesterday, 24 penthouses had been released of which 11 have been sold, including the largest unit, which has seven bedrooms on the 16th floor and an open terrace above it."
2.8M for 7 bedder at 4876 sq ft is cheap! :D
only 574 psf :D :D :D
buttercarp
12-09-11, 13:11
2.8M for 7 bedder at 4876 sq ft is cheap! :D
only 574 psf :D :D :D
The whole of the 2nd level is the roof terrace which is a waste of space to me and should not be factored in when counting the psf.
The whole of the 2nd level is the roof terrace which is a waste of space to me and should not be factored in when counting the psf.
you will still need to factor it in - after all, it is your space. Else planters, bay windows, even aircon ledges no need to be factored in since i consider them waste of space too :D
Typically we use 1/2 psf when calculating the roof terrace (or any other PES)
bargain hunter
12-09-11, 13:25
correct. but that unit will be for own stay and stay long long lor. not easy to resell punggol at above 3m in future. unique giant penthouse no doubt but certainly not exclusive! :ashamed1:
you will still need to factor it in - after all, it is your space. Else planters, bay windows, even aircon ledges no need to be factored in since i consider them waste of space too :D
Typically we use 1/2 psf when calculating the roof terrace (or any other PES)
Miltonia golf course facing penthouse only 1.4mil? so if you buy 2 side by side, you get 8 bedrooms at the same price of 2.8mil? :p
Ratio of indoor to outdoor space is 70:30? Is it on 16th floor?
The layout is the same as the normal 2 bedroom except for a wider living/dinner area for the stairs to the roof terrace and a small store room under the stairs.
To all who bought a unit here, is Matilda house a concern?
Ratio of indoor to outdoor space is 70:30? Is it on 16th floor?
Can anything be built on the roof terrace? Imagine with >2000sf, all sorts of creative uses could be thought up ... ;);)
bargain hunter
12-09-11, 13:50
why would that be? with 800+ units and thousands of pple staying there next time, so lively, what's there to be scared about?
To all who bought a unit here, is Matilda house a concern?
To all who bought a unit here, is Matilda house a concern?
You mean this?
http://littlebluemiraclepill.blogspot.com/2007/06/matilda-house.html
bargain hunter
12-09-11, 13:51
as long as not fully covered up, i think alfresco kitchen + dining should be no problem. anything else?
Can anything be built on the roof terrace? Imagine with >2000sf, all sorts of creative uses could be thought up ... ;);)
thats a move in tandem with market..
Right. Therefore, you are quite senseless to say this or that has not moved much. Basically all properties moved, some better than others in the last two years.
2.8M for 7 bedder at 4876 sq ft is cheap! :D
only 574 psf :D :D :D
still in time for next GE rally....:p
phantom_opera
12-09-11, 14:04
880 units @ 296k sqft ... new standard I guess ;)
as long as not fully covered up, i think alfresco kitchen + dining should be no problem. anything else?
How about your own playboy pool party - just need a custom large jacuzzi, a few bunnies, a few all-weather couches .... :D
wait, are there any taller buildings nearby? :banghead:
How about your own playboy pool party - just need a custom large jacuzzi, a few bunnies, a few all-weather couches .... :D
wait, are there any taller buildings nearby? :banghead:
build some partitions to let as ST hotelrooms....
why would that be? with 800+ units and thousands of pple staying there next time, so lively, what's there to be scared about?Humans are more scary! :spliff:
bargain hunter
12-09-11, 14:24
here u go bro:
http://www.treasuretrovepunggol.com.sg/?page_id=21
right at the bottom is the 2 bedder 1528 sq ft ph floor plan. seems closer to 50:50 :doh:
Ratio of indoor to outdoor space is 70:30? Is it on 16th floor?
bargain hunter
12-09-11, 14:26
yeah, esp. if so coincidental all wanna go swimming at the same time! :scared-4:
Humans are more scary! :spliff:
bargain hunter
12-09-11, 14:27
not yet but within the development, there are already 41 other penthouses at same level as u? :ashamed1:
How about your own playboy pool party - just need a custom large jacuzzi, a few bunnies, a few all-weather couches .... :D
wait, are there any taller buildings nearby? :banghead:
Read the following article.
If this happened, $880 psf is definitely will not be considered cheap. Not sure is this a good buy for people who committed. It is better to be alerted, wake up and do not live in your own world, if not you have 4 or more years to repent... :doh:
Quote:
Dow Could Crash to 3,000 in 2013: Author
Published: Monday, 12 Sep 2011 | 12:58 AM ET
Text Size
By: CNBC.com
The recent gyrations in global stock markets are just the beginning, says U.S.-based economist and author Harry Dent, who believes the Dow will fall below 10,000 in the near term before crashing to around 3,000 in 2013.
"I think the stock crash started in late April. This is just the first wave down...I think the crash really starts some time in early 2012," said the Founder and CEO of economic research company HS Dent and author of upcoming book "The Great Crash Ahead".
He noted the selloff of a similar extent during the last global financial crisis, when the Dow
[.DJI 10992.13 -303.68 (-2.69%) ] lost around 8,000 points in the period between October 2007 and early 2009.
Dent puts his bearish predictions squarely on the changing spending habits of global consumers.
"Baby boomers around the world, and all the developed countries — Europe, North America, Australia — they have peaked in their spending cycles...they've been driving up real estates prices and stock prices and the economy for decades, and now they're going to be saving and not borrowing," Dent said.
Accentuating the problem is the deleveraging of the U.S. private debt, which has doubled to $42 billion from $20 billion in the last eight years, and now valued at three times the size of the nation’s public debt.
"That debt is deleveraging, and that's actually causing deflationary trends. It won't matter how much stimulus the government throws at the system, because baby boomers with their already huge debt burdens will not want to borrow money and spend more,” said Dent.
"In the Great Depression, that's what happened — deflation came in such a deep downturn because so much debt was deleveraging."
According to Dent, all the spending in the boom years has led to the biggest global real estate and credit bubble in history. He believes the worst hit will be those places where the bubble hasn't burst yet — West Canada, Australia and China.
"Bubbles go back to where they started," he noted. U.S. housing prices, he observed, have fallen 34 percent since their peak, and will drop by another 30 percent. "There's a lot more pain coming, especially in real estate," said Dent, who sold his home in Miami, Florida in October 2005, and doesn’t intend to buy property until the market bottoms in a few years.
The only solution to the crisis, Dent offers, is for policy-makers to intervene and write down debt.
"You can't deal with this crisis without dealing with the debt first because the demographics are not in your favor. So it's the only thing you can do, by writing down debt, you free up cash flow for consumers and businesses. It's the only thing you can do in a crisis like this after such a major debt and credit bubble.”
Take it with a pinch of salt. I'm tired of reading all these gloomy articles but still see housing prices in Singapore soaring like there's no tomorrow! :doh:
[quote=Armstrong]
Quote:
Dow Could Crash to 3,000 in 2013: Author
Published: Monday, 12 Sep 2011 | 12:58 AM ET
Text Size
By: CNBC.com
quote]
Seow Liao, better sell whatever you have and get ready for the Tsunami. Hopefully can double your money...:D
Take it with a pinch of salt. I'm tired of reading all these gloomy articles but still see housing prices in Singapore soaring like there's no tomorrow! :doh:
hi ysyap,
Even WT Chairman also said that downturn more and more likely....
Quotes:
‘I cannot say this is the peak of the market but the probability that it will remain high is shorter by the day. Everything has a cycle, and if you continue to be in the upcycle, the probability that it will turn is so much closer. I cannot predict when it is going to be coming. But all I can say is the longer you stay at this level, the higher the probability that it will turn.’
He posed another question: ‘If developers are not seeing that the market is toppish, why are all developers now pushing out their (upgrader) projects as quickly as possible?’
:) I would prefer to buy or invest property when no crowd at showflat.
:) I would prefer to buy or invest property when no crowd at showflat.
Me too, but there were not many showflats to visit 3 yrs back. Want to buy also BO....
Thanks! Will have to think of innovative way of using the terrace.
here u go bro:
http://www.treasuretrovepunggol.com.sg/?page_id=21
right at the bottom is the 2 bedder 1528 sq ft ph floor plan. seems closer to 50:50 :doh:
bargain hunter
12-09-11, 15:09
for the largest penthouse it looks more like 60:40 or 70:30?
Thanks! Will have to think of innovative way of using the terrace.
Wild Falcon
12-09-11, 15:49
Punggol at the northeastern tip is the farthest from the city centre or future downtown as can be liao - could be worse than Woodlands. It's the far northeastern part of SG (D19 is huge). Second downtown is in the southwest. This one really just for upgrader who doesn't mind the distance. Not forgetting the pollution from JB factories, which is worse than Tuas because Malaysia don't care about emission laws.
sadly so. but malls here and malls there selling the same old things... i m personally sick of them. but that's crowd mentality, and prices are based on supply n demand, so what can i say...
personally finds almost 900 units on that plot of land atrociously cramped. but then again whole of punggol is just too cramped and high rise and crowded.
did a quick calculation for the 72sq m 2-bedder, assuming price around 900+ psf (someone mentioned price range of 700k-750k?). if u deduct away the redundant sim lian trademark spaces (2 sq m off the approx 4 sq m ac ledge, 4 sq m of drying ledge), the price will exceed 1000 psf.
but i guess most will find it still worth it due to mrt and mall. supply, demand and mass mind..
phantom_opera
12-09-11, 15:56
It is not possible for Dow to crash to 3,000 in the next 5y simply because:
1. USD has devalued so much that Dow @ 3000 is like Dow @ 500, event Dow @ 10,000 same as Dow @ 8000 in 2008 probably
2. QE3, QE3.5, QE4 will keep coming out if Dow goes below 10k ....
3. US still the top military of the world, they can sell arms to Taiwan, they can sell secret weapon to Italian mafia, they can sell spaceships, aircraft carriers to China
Basically for that to happen, US military must be sufficiently weakened, it could take 10y. Why Iran was threatened?? Because Iran proposed to trade oil other than in USD ... get it?
Punggol at the northeastern tip is the farthest from the city centre or future downtown as can be liao - could be worse than Woodlands. It's the far northeastern part of SG (D19 is huge). Second downtown is in the southwest. This one really just for upgrader who doesn't mind the distance. Not forgetting the pollution from JB factories, which is worse than Tuas because Malaysia don't care about emission laws.
I agree especially on the location part. Being near to mrt does not mean you are near to town - punggol is at the top of the NE line so will take a while to get to town.
'Next to Mrt' nowadays sounds like koyok - if it's along a main line like NS line and a few stops away then that would be good, but if otherwise then you must have compelling reasons...
Still next to a mall and mrt I feel 800+psf is quite ok in today's market
linchong84
12-09-11, 16:12
Punggol at the northeastern tip is the farthest from the city centre or future downtown as can be liao - could be worse than Woodlands. It's the far northeastern part of SG (D19 is huge). Second downtown is in the southwest. This one really just for upgrader who doesn't mind the distance. Not forgetting the pollution from JB factories, which is worse than Tuas because Malaysia don't care about emission laws.
For public transport (MRT), Punggol is 10 stops from dhoby gault but woodlands is 14.. So khatib should be a better comparison to punggol (ie estuary compare with ATT) But estuary doesn't have a megamall, though some units face reservoir..
For drivers, Punggol has KPE to go town but woodlands/khatib have to rely on the expensive and heavily jammed CTE..
Punggol is not that bad lah..
Wild Falcon
12-09-11, 16:18
Why dhoby gaut (most pple don't even go there)? Try Raffles Place or Orchard, then Woodlands win handsdown right with no insane transfers? the NE line transfer is equivalent to 4 stations because it's like walking 1km. I'm just trying to say Punggol is far lah, because people try to compare against other "D19" condos which are far closer to town. D19 is very big lor.
For public transport (MRT), Punggol is 10 stops from dhoby gault but woodlands is 14.. So khatib should be a better comparison to punggol (ie estuary compare with ATT) But estuary doesn't have a megamall, though some units face reservoir..
For drivers, Punggol has KPE to go town but woodlands/khatib have to rely on the expensive and heavily jammed CTE..
Punggol is not that bad lah..
Seriously, SL is clearing stocks
Agreed. SL is not a big player. quickly get it off the balance sheet!
In bad times, no bank is going to lend to SL. whereas FEO can even ransom all the banks to continue supporting it.
hey mega french banks open at 13% down! :scared-4:
bargain hunter
12-09-11, 16:30
actually SL's balance sheet is quite strong with more pre-sold units than landbank. they are even paying out a lot of dividends because more cash is coming in in the next few years.
on a 2 or 3 year cash inflow, hence, debt level reduction basis, lian beng, sim lian or even chip eng seng are stronger than even capitaland or keppel land. but of course in terms of absolute financial might and willingness of banks to lend to the biggies (esp during crisis), that's a different story.
Agreed. SL is not a big player. quickly get it off the balance sheet!
In bad times, no bank is going to lend to SL. whereas FEO can even ransom all the banks to continue supporting it.
hey mega french banks open at 13% down! :scared-4:
First time drove around Punggol....as there was so much talks on this project..so kapo kapo..
Observations :
potential supply of land is huge...really huge
HDB flats everyway...not so bad, majority is new and well designed
hardly any business activities
very far....very very far to me
For this particular project
1. price wise...attractive for upgrader, but investor is to avoid
2. design : block to block distance 20m...typical SL's projects...
if this place got good upside, the entiire Sg will chong...
linchong84
12-09-11, 16:33
Why dhoby gaut (most pple don't even go there)? Try Raffles Place or Orchard, then Woodlands win handsdown right with no insane transfers? the NE line transfer is equivalent to 4 stations because it's like walking 1km. I'm just trying to say Punggol is far lah, because people try to compare against other "D19" condos which are far closer to town. D19 is very big lor.
by your logic, the entire NEL properties would have suck liao. But the prices have been holding up well proving that market and consumers don't mind the walk at dhoby gault station..
I think most comparisons are betw ATT and luxurie since they are 1 mrt station apart.. so far, nobody compare it to kovan residences right?
if this place got good upside, the entiire Sg will chong...
my feel too. sorry if it sounds a bit harsh... it reminds me of 1996 Pasir Ris doing 900psf... :scared-4:
victorchoo
12-09-11, 16:48
Punggol at the northeastern tip is the farthest from the city centre or future downtown as can be liao - could be worse than Woodlands. It's the far northeastern part of SG (D19 is huge). Second downtown is in the southwest. This one really just for upgrader who doesn't mind the distance. Not forgetting the pollution from JB factories, which is worse than Tuas because Malaysia don't care about emission laws.
What pollution? I have stayed in Punggol for 10 yrs and spent my precious 2.5 yrs serving NS at Tuas and Jurong. And I have to say that whatever you've said is not true.
At all.
everyone will say their area is good one la. if you stay woodlands all your life ask you to stay at cairnhill you also not used to it.
being a teochew born in punggol pig farm area, then grew up in hougang, no where else will do for me.
NE line being less crowded for now as compared to NSEW line and KPE's convenience are hard facts I guess. Of course these may change as Punggol becomes more populated
phantom_opera
12-09-11, 17:57
An alternative is to buy resale units at similar psf @ where Daiso is going to open in the East .. :2cents:
An upgrader will only consider own needs, an investor will consider renter's need / other development potentials .. frankly speaking if everyone is investment savvy, Singapore developers must close half liao :tsk-tsk:
One very simple strategy is to see where McDonald / Daiso is ... :p
victorchoo
12-09-11, 18:08
McD, KFC and Popeye is currently at the far far end of Punggol though.... :beats-me-man:
IMO, I think punggol will be a better place to stay ina few years time when there are more amenities and activities in this area. Price will move north but cannot comment on how much.
my feel too. sorry if it sounds a bit harsh... it reminds me of 1996 Pasir Ris doing 900psf... :scared-4:
my feel too. sorry if it sounds a bit harsh... it reminds me of 1996 Pasir Ris doing 900psf... :scared-4:
Actually reminded of the time 3 years ago when CDL spoil market launched their Livia at below market expected price to move units just before the financial crisis.
:beats-me-man:
Name of Announcer *SIM LIAN GROUP LIMITED Company Registration No.200004760C Announcement submitted on behalf of SIM LIAN GROUP LIMITED Announcement is submitted with respect to *SIM LIAN GROUP LIMITED Announcement is submitted by *Ang Lay Hua Designation *Company Secretary Date & Time of Broadcast12-Sep-2011 17:46:24 Announcement No.00079
Sim Lian Group releases additional units of A Treasure Trove following brisk take up
Singapore, September 12, 2011 – Main board listed Sim Lian Group Limited (‘Sim Lian
Group’) released an additional 280 units of A Treasure Trove for sale, taking total units
released to 580 units. The first phase of the 882-unit private condominium in Punggol
Central was officially launched on Friday morning with 300 units released. 466 units
have been sold as at 5pm today. The average price remains unchanged at S$866 psf.
“The positive response to A Treasure Trove in Punggol reflects buyers’ strong demand
for quality developments in prime locations. Sim Lian Group took a long-term
perspective in establishing this development, introducing numerous water features to
enhance the watertown living experience in Punggol,” said Mr Kuik Sing Beng,
Executive Director of Sim Lian Group. “To date, 80 per cent of the units released at A
Treasure Trove have been snapped up and there continues to be a steady stream of
prospective buyers to our showroom. Sim Lian Group will progressively release more
units to meet the market’s demand.”
Approximately 80 per cent of buyers of A Treasure Trove have HDB addresses with
majority within the vicinity of Punggol and Sengkang. 93 per cent of the buyers are
Singaporeans.
phantom_opera
12-09-11, 18:26
Laguna should have a column in Straits Times, not Colin Tan :doh:
This project 93% bought by Singaporeams, EuHabitat about same price half were bought by mainland Chinese ... who are the smart ones only time can tell? :D
ATT is officially the smash hit of 2011 sales! :cheers1:
phantom_opera
12-09-11, 18:28
ATT is officially the smash hit of 2011 sales! :cheers1:
Caspian @ 2009, ATT @ 2011 :cheers1:
stalingrad
12-09-11, 20:29
Name of Announcer *SIM LIAN GROUP LIMITED Company Registration No.200004760C Announcement submitted on behalf of SIM LIAN GROUP LIMITED Announcement is submitted with respect to *SIM LIAN GROUP LIMITED Announcement is submitted by *Ang Lay Hua Designation *Company Secretary Date & Time of Broadcast12-Sep-2011 17:46:24 Announcement No.00079
Sim Lian Group releases additional units of A Treasure Trove following brisk take up
Singapore, September 12, 2011
– Main board listed Sim Lian Group Limited (‘Sim Lian
Group’) released an additional 280 units of A Treasure Trove for sale, taking total units
released to 580 units. The first phase of the 882-unit private condominium in Punggol
Central was officially launched on Friday morning with 300 units released. 466 units
have been sold as at 5pm today. The average price remains unchanged at S$866 psf.
“The positive response to A Treasure Trove in Punggol reflects buyers’ strong demand
for quality developments in prime locations. Sim Lian Group took a long-term
perspective in establishing this development, introducing numerous water features to
enhance the watertown living experience in Punggol,” said Mr Kuik Sing Beng,
Executive Director of Sim Lian Group. “To date, 80 per cent of the units released at A
Treasure Trove have been snapped up and there continues to be a steady stream of
prospective buyers to our showroom. Sim Lian Group will progressively release more
units to meet the market’s demand.”
Approximately 80 per cent of buyers of A Treasure Trove have HDB addresses with
majority within the vicinity of Punggol and Sengkang. 93 per cent of the buyers are
Singaporeans.
when stocks drop like rocks, condos sell like hot cakes. is there a correlation or do singaporeans just not read newspapers, like ostriches?
when stocks drop like rocks, condos sell like hot cakes. is there a correlation or do singaporeans just not read newspapers, like ostriches?
Singaporean read newspaper everyday, but they only read where got 30% iPad sales or cheap new condo launch.
Singaporean read newspaper everyday, but they only read where got 30% iPad sales or cheap new condo launch.
...and H&M new store launch also haa haa... :p
to hit 1kpsf for sunglade oredi vy good....without megamall and mrt is impossible to achieve tat. beacon heights area much nearer to town r doing about the same px and they r 99lh or FH and mrt and mall r missing
Beacon Heights is a 999 LH land that is approx 64K sq ft. It is near to Boon Keng MRT. Ok I am not going debate how near or how fast you need to walk to the train station but well, I grew up there so I am familiar with the place. Beacon Heights has lots of potential but I am glad the price has stayed sane unlike Balestier, which is across the expressway, or Lavender, Potong Pasir and Farrer Park which are one MRT stop away.
2. QE3, QE3.5, QE4 will keep coming out if Dow goes below 10k ....
Does QE3 means our interest rate will stay low? Curious?
my feel too. sorry if it sounds a bit harsh... it reminds me of 1996 Pasir Ris doing 900psf... :scared-4:
livia ftw!
Kenshinto80
12-09-11, 22:38
Availability of parking lots is a big concern here. Why can't Sim Lian give a minimum of 1 to 1?
Thought about it. I went thru propertyguru to search for a 2BR under $800k in the whole S'pore. it yielded only one result (not including Geylang) - one unit at Maysprings Bt Panjang and its asking $799k :)
http://www.propertyguru.com.sg/listing/6131885/for-sale-northvale
my friend got 1 unit there, rent out 3k. seems quiet good to me
http://www.propertyguru.com.sg/listing/6131885/for-sale-northvale
my friend got 1 unit there, rent out 3k. seems quiet good to me
Northvale is next to Chua Chu Kang MRT and Lot 1.
I_RIDE_DEEP
12-09-11, 22:52
Availability of parking lots is a big concern here. Why can't Sim Lian give a minimum of 1 to 1?
This is what i was worried of all along since most will have one car.
This is what i was worried of all along since most will have one car.
Singapore's policy for passenger cars might be 0 or negative growth in near future. No point providing so many parking lots.
bargain hunter
12-09-11, 23:35
given the small piece of land area and the need to conserve matilda house (no more space for MSCP), 1 to 1 would mean 882 lots, go down to Basement 5 or basement 10? :ashamed1:
Availability of parking lots is a big concern here. Why can't Sim Lian give a minimum of 1 to 1?
victorchoo
13-09-11, 00:04
SL is expecting 1/4 of the 300 units of 2br and 2+s does not own a car... it's quite a daring assumption though... i'm just wondering how's the parking arrangement gonna be like during festive seasons... :o
visitors got to park at the road side.
victorchoo
13-09-11, 00:25
visitors got to park at the road side.
and how many will that be during CNY? 100? 200? or 400?
I think this carparking issue is the major turnoff for me... furthermore the project is at the central. supposedly the busiest part of the town. parking along the roadside will definitely not be possible with so many cars...
Stoney Stone Stone
13-09-11, 00:41
and how many will that be during CNY? 100? 200? or 400?
I think this carparking issue is the major turnoff for me... furthermore the project is at the central. supposedly the busiest part of the town. parking along the roadside will definitely not be possible with so many cars...
I think Carpark is the major issue.
For example, i do not have any car, but I still pay for monthly Maintenance Fee. I will like to register my friend or relative car that stay near to the condo. So they get the free parking. In this case, 1 unit 1 lot is important.
bargain hunter
13-09-11, 01:20
then that would bring in security issues as well! :scared-1:
I think Carpark is the major issue.
For example, i do not have any car, but I still pay for monthly Maintenance Fee. I will like to register my friend or relative car that stay near to the condo. So they get the free parking. In this case, 1 unit 1 lot is important.
Stoney Stone Stone
13-09-11, 01:36
then that would bring in security issues as well! :scared-1:
This is a chain reaction.
From Carpark issue to Security issue.
From Security issue to Manpower issue.
From Manpower issue to Money issue.
From Money issue, back to Carpark issue.....
Kenshinto80
13-09-11, 06:10
Singapore's policy for passenger cars might be 0 or negative growth in near future. No point providing so many parking lots.
Parking woes may become a potential big issue. Even for those owners that do not own cars right now....but given the fact that these people can afford to buy a condo, it means that buying a car is definitely within their means. This seems to be more of a plot by Sim Lian to maximize profits.
Even if no car now, family needs may change. One can't expect aged parents, pregnant wife etc to take MRT or cab everyday. Eg: Your wife going into labour at midnight and you start to call for a cab or take MRT? Your children fell sick and need to go hospital or 24hrs clinic for treatment and one start to dial for a cab? There will also definitely be some rich folks who own not just 1 car in this development.
Is it possible to ask the developer to add in more lots at this juncture? More definitely better than later not enough...
Parking woes may become a potential big issue. Even for those owners that do not own cars right now....but given the fact that these people can afford to buy a condo, it means that buying a car is definitely within their means. This seems to be more of a plot by Sim Lian to maximize profits.
Even if no car now, family needs may change. One can't expect aged parents, pregnant wife etc to take MRT or cab everyday. Eg: Your wife going into labour at midnight and you start to call for a cab or take MRT? Your children fell sick and need to go hospital or 24hrs clinic for treatment and one start to dial for a cab? There will also definitely be some rich folks who own not just 1 car in this development.
Is it possible to ask the developer to add in more lots at this juncture? More definitely better than later not enough...
Every family wants to own at least one car. But can they afford? Car ownership cost will only go up. My sense is the general profile of this project's buyers are more price sensitive. They prefer to divert the money from car purchase to buying a larger unit. Most mass condos I visited and not so near MRT have about 20% empty lots, so this one will give owners more reasons to save the car ownership costs (>$1700/mth) by travelling via public transport. If there are really not enough lots, additional lots can be easily drawn like those in shopping malls. For this psf, really cannot bargain too much.
This is a chain reaction.
From Carpark issue to Security issue.
From Security issue to Manpower issue.
From Manpower issue to Money issue.
From Money issue, back to Carpark issue.....Provided the friend you have registered his car under your unit is a trustworthy friend, it should be fine. Anyway, security is a problem in some condos.
I have visited my friends frequently in his condo that the security guards now opens the gate to me without even stopping my car or taking down the number plate. He even waved to me as if I am a resident of that development as I drove in. :doh: Security threats come in all shapes and sizes.
Residents can also pass the friend the security pass to access the pool or something which is not an uncommon practice too. How secure can that be? Its up to the owners to be responsible for their actions... :spliff:
Why is it that difficult for a developer to cater one car lot for each unit? There'll definitely be demand from the 3-4 beddersd for 2 carpark lots to make up for the lack of demand for lots from some of the units.
Development near mrt can have less than 1:1 ratio of carparking lot to units. It will be a problem looking at the mix of buyers. HDB dwellers are not uncommon to have more than 1 car.
Availability of parking lots is a big concern here. Why can't Sim Lian give a minimum of 1 to 1?
They have to park at the mall or take train to visit people at ATT. :scared-4:
visitors got to park at the road side.
Is this allowed?
I think Carpark is the major issue.
For example, i do not have any car, but I still pay for monthly Maintenance Fee. I will like to register my friend or relative car that stay near to the condo. So they get the free parking. In this case, 1 unit 1 lot is important.
Duplicate.
I think Carpark is the major issue.
For example, i do not have any car, but I still pay for monthly Maintenance Fee. I will like to register my friend or relative car that stay near to the condo. So they get the free parking. In this case, 1 unit 1 lot is important.
Allthepies
13-09-11, 08:45
http://www.propertyguru.com.sg/listing/6131885/for-sale-northvale
my friend got 1 unit there, rent out 3k. seems quiet good to me
if 2 bedder can rent 3k is really good. ur friend one is a 2 bedder or 3 bedder? :D
If I am not wrong, there was a guide issued not too long ago that if condo is near to MRT, the developers can offer less than 1 lot per unit.
The worst one I come across is Sentosa Cove, one lot per unit. The price there is $5m and above per unit...so, the sale of that project is very poor...who own just one car there?
For carpark, most condo have the by law
1. only resident can park. In other words, if ur SP, but not resident, ie, tenanted ur unit, then no parking entitlement to the SP.
2. only car in the name of the resident can register for carpark, cars of frn and relatives are out.
3. only first car lot is given free. Second car then depends on the bylaw.
Proof is needed for #1 and #2.
if there is more cars than lots, most of the time is by ballot...depends on the bylaw then
Why is it that difficult for a developer to cater one car lot for each unit? There'll definitely be demand from the 3-4 beddersd for 2 carpark lots to make up for the lack of demand for lots from some of the units.Its not so difficult. Its a matter of choice. Developers are here to squeeze every opportunity for profit so building less parking lots is definitely one possible way to maximize profit coz carparks will be smaller. The interest of the buyers are never in the minds of developers otherwise they will not buy lands at such high price and then sell them at record prices. :spliff:
Wild Falcon
13-09-11, 09:51
For many condos, they will check the log card of the car to ensure the address in the log card is indeed the condo's address. So you cannot anyhow take parking lots for your great grand uncle or friend living miles apart and hardly parks there. To be fair, one needs to be a resident to be entitled to a parking lot. So, a person with 2 cars registered at the address should be given priority to someone who has no car and wants to chope a lot for an uncle living 100 miles away. In any case, live in condo don't be so fussy lah. If u have no car, so be it. Why die die must take a space that you don't need right? And if u have more than 1 car, then go find a condo that allows parking for more than 1 car. There are lots of older condos can park many cars.
Provided the friend you have registered his car under your unit is a trustworthy friend, it should be fine. Anyway, security is a problem in some condos.
I have visited my friends frequently in his condo that the security guards now opens the gate to me without even stopping my car or taking down the number plate. He even waved to me as if I am a resident of that development as I drove in. :doh: Security threats come in all shapes and sizes.
Residents can also pass the friend the security pass to access the pool or something which is not an uncommon practice too. How secure can that be? Its up to the owners to be responsible for their actions... :spliff:
Wild Falcon
13-09-11, 09:57
But the reality is 1-2 station apart prices got a lot of difference. I agree sometimes the difference might be too huge. But look at current trading, e.g. look at Novena and Toa Payoh OR Clementi and Jurong.
And I'm not saying the entire D19 is bad. Look at the map, I'm merely saying D19 is darn HUGE. The distance is like from Bishan to Woodlands. Obviously the price differential can be substantial. And Punggol is like the "toilet bowl" of D19 for lack of a better description, and deserve a lower price tag than the Kovan or even Serangoon or Hougang.
by your logic, the entire NEL properties would have suck liao. But the prices have been holding up well proving that market and consumers don't mind the walk at dhoby gault station..
I think most comparisons are betw ATT and luxurie since they are 1 mrt station apart.. so far, nobody compare it to kovan residences right?
Anyone been to showflat yesterday?
Wondering whether got anymore 2BR available or new release. My frens quite gian after I told them of my purchase :)
stalingrad
13-09-11, 10:11
But the reality is 1-2 station apart prices got a lot of difference. I agree sometimes the difference might be too huge. But look at current trading, e.g. look at Novena and Toa Payoh OR Clementi and Jurong.
And I'm not saying the entire D19 is bad. Look at the map, I'm merely saying D19 is darn HUGE. The distance is like from Bishan to Woodlands. Obviously the price differential can be substantial. And Punggol is like the "toilet bowl" of D19 for lack of a better description, and deserve a lower price tag than the Kovan or even Serangoon or Hougang.
I agree. My wife said the world has gone mad when I told them that people thought that ATT is cheap at $870psf and had snapped many units. For people like us who have lived in the city fringe for more than 15 years, Punggol is very very far, and may as well be Siberia. that price is not low at all.
It is about expectation. To the HDB upgraders in the vincinity, it is an improvement. To you, becos you are in city fringe will expect better than that. It depends where you are now.
I agree. My wife said the world has gone mad when I told them that people thought that ATT is cheap at $870psf and had snapped many units. For people like us who have lived in the city fringe for more than 15 years, Punggol is very very far, and may as well be Siberia. that price is not low at all.
victorchoo
13-09-11, 10:22
Anyone been to showflat yesterday?
Wondering whether got anymore 2BR available or new release. My frens quite gian after I told them of my purchase :)
bro, u buy for home stay or investment?
And anyway, u can just sms your agent to help u lookout for new releases...
bro, u buy for home stay or investment?
And anyway, u can just sms your agent to help u lookout for new releases...
i no more bullet la. sms agent scared play up her expectation. the agents there expect to close deal for every customer seen
iwantgizmos
13-09-11, 10:31
bro, u buy for home stay or investment?
And anyway, u can just sms your agent to help u lookout for new releases...
might got a chance you can get referral discount as well... :)
victorchoo
13-09-11, 10:36
i no more bullet la. sms agent scared play up her expectation. the agents there expect to close deal for every customer seen
thought u bought a 2br? you intend to sell or rental? and which stack?
seems like good stacks all sold off liao... :(
i no more bullet la. sms agent scared play up her expectation. the agents there expect to close deal for every customer seen
Yeah bro, could see the crazy in their eyes... :scared-4:
My agent said "like buying cheap vegetables in the market".
victorchoo
13-09-11, 10:42
Yeah bro, could see the crazy in their eyes... :scared-4:
My agent said "like buying cheap vegetables in the market".
there are double meanings to that statement... depends on how u interpret it... :o
Wild Falcon
13-09-11, 11:14
Maybe they were sold on the good ol "Punggol 21" story that might FINALLY take off in the 21st Century.
I think it's not cheap, but the price is fair if it's similar to Yishun Woodlands pricing. Many Punggol residents are quite young (mid 30s) and are in a position to upgrade after making money from their HDB.
Yeah bro, could see the crazy in their eyes... :scared-4:
My agent said "like buying cheap vegetables in the market".
iwantgizmos
13-09-11, 11:17
Yeah bro, could see the crazy in their eyes... :scared-4:
My agent said "like buying cheap vegetables in the market".
some ppl who frequent markets to buy groceries would say vegetables are sold cheap because they are not fresh and risk going bad.... :o
Regulators
13-09-11, 11:50
It takes 20 min to travel from punggol to dhoby gaut on the mrt, is that considered far? Apart from the air pollution from pasir gudang, I personally think punggol is a very livable estate and the hdb flats there look far nicer than any housing estate I have been to in singapore.
But the reality is 1-2 station apart prices got a lot of difference. I agree sometimes the difference might be too huge. But look at current trading, e.g. look at Novena and Toa Payoh OR Clementi and Jurong.
And I'm not saying the entire D19 is bad. Look at the map, I'm merely saying D19 is darn HUGE. The distance is like from Bishan to Woodlands. Obviously the price differential can be substantial. And Punggol is like the "toilet bowl" of D19 for lack of a better description, and deserve a lower price tag than the Kovan or even Serangoon or Hougang.
victorchoo
13-09-11, 11:56
It takes 20 min to travel from punggol to dhoby gaut on the mrt, is that considered far? Apart from the air pollution from pasir gudang, I personally think punggol is a very livable estate and the hdb flats there look far nicer than any housing estate I have been to in singapore.
and it takes 15 mins of driving time to reach Geylang from Punggol. via KPE.
I thought this is relatively cheaper than Estuary in Yishun which may have the view but got mrt tracks but not station.
Maybe they were sold on the good ol "Punggol 21" story that might FINALLY take off in the 21st Century.
I think it's not cheap, but the price is fair if it's similar to Yishun Woodlands pricing. Many Punggol residents are quite young (mid 30s) and are in a position to upgrade after making money from their HDB.
devilplate
13-09-11, 12:55
They have to park at the mall or take train to visit people at ATT. :scared-4:
all the new condos will have this problem....at most 1to1 now so dun expect to have any visitor lots.....got mrt and near hdb estate vy good for visitors oredi.....can park at nearby hdb carpark or take mrt
some landed area r worse to do house visiting......i park along the roadside and kena summon! den i swear i wun visit tat fren again:mad:
devilplate
13-09-11, 12:58
I agree. My wife said the world has gone mad when I told them that people thought that ATT is cheap at $870psf and had snapped many units. For people like us who have lived in the city fringe for more than 15 years, Punggol is very very far, and may as well be Siberia. that price is not low at all.
i also find ur carabelle px insanely high too.....1kpsf with no mall and mrt.......
record px at ur place even hit 1110psf for a 883sqft 2bdr at 980k:scared-1: :scared-1: :scared-1:
for 980k can get a 3bdr at ATT
and it takes 15 mins of driving time to reach Geylang from Punggol. via KPE.
i like....
Concept Plan 2011 will be released in early next year. Let's see what's next?
i also find ur carabelle px insanely high too.....1kpsf with no mall and mrt.......
record px at ur place even hit 1110psf for a 883sqft 2bdr at 980k:scared-1: :scared-1: :scared-1:
for 980k can get a 3bdr at ATT
stalingrad
13-09-11, 13:07
i also find ur carabelle px insanely high too.....1kpsf with no mall and mrt.......
record px at ur place even hit 1110psf for a 883sqft 2bdr at 980k:scared-1: :scared-1: :scared-1:
for 980k can get a 3bdr at ATT
exactly. prices have gone completely crazy all over the island.
That's why. Peopel are buying out of emotion.
exactly. prices have gone completely crazy all over the island.
New units releasing this weekend possibly via balloting.
Unlaunched units are
2brm (A1 and A2) – Unit 29, 49, 54
3brm (C1) – Unit 02, 30, 41, 46, 50, 53
3 brm (c2) – Unit 43, 48, 55
3+1 brm (D1) – Unit 03, 32, 47, 51, 56
4 brm (E1) – Unit 31
Register your interest at http://a-treasure-trove.com
devilplate
13-09-11, 13:13
New units releasing this weekend possibly via balloting.
Unlaunched units are
2brm (A1 and A2) – Unit 29, 49, 54
3brm (C1) – Unit 02, 30, 41, 46, 50, 53
3 brm (c2) – Unit 43, 48, 55
3+1 brm (D1) – Unit 03, 32, 47, 51, 56
4 brm (E1) – Unit 31
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the stack facing the clubhse bestest(only 2 stacks and must avoid low flr bcoz facing tennis court too)......mabe increase px for tat liao
These releases do not seem too good. The only plus point is more privacy given the blocks are so close. Those infront of the driveway leading to the clubhouse is no go.
the stack facing the clubhse bestest(only 2 stacks and must avoid low flr bcoz facing tennis court too)......mabe increase px for tat liao
the stack facing the clubhse bestest(only 2 stacks and must avoid low flr bcoz facing tennis court too)......mabe increase px for tat liao
cheong ah, come with free sun bathing....
all the new condos will have this problem....at most 1to1 now so dun expect to have any visitor lots.....got mrt and near hdb estate vy good for visitors oredi.....can park at nearby hdb carpark or take mrt
no wonder that nearby proj is called The Luxurie, 622units 627lots. :D
thought u bought a 2br? you intend to sell or rental? and which stack?
seems like good stacks all sold off liao... :(
Yeah i got a high floor unit at stack 45, face outside one. From the looks of it still got some distance from Punggol Sapphire. Asking for my fren now...
all the new condos will have this problem....at most 1to1 now so dun expect to have any visitor lots.....got mrt and near hdb estate vy good for visitors oredi.....can park at nearby hdb carpark or take mrt
some landed area r worse to do house visiting......i park along the roadside and kena summon! den i swear i wun visit tat fren again:mad:
The Sail does not have 1:1 carpark lots.
stalingrad
13-09-11, 15:14
The Sail does not have 1:1 carpark lots.
but the sail is most occupied by renters, many if not most of whom have no cars.
ATT are mostly bought by HDB upgraders and owners. They mostly will have cars even if there is a MRT nearby. I can't imagine ang mohs going all the way to punggol to rent an apartment.
but the sail is most occupied by renters, many if not most of whom have no cars.
ATT are mostly bought by HDB upgraders and owners. They mostly will have cars even if there is a MRT nearby. I can't imagine ang mohs going all the way to punggol to rent an apartment.
HDB upgraders, like renters, may not have cars if the MRT is near.
linchong84
13-09-11, 15:33
But the reality is 1-2 station apart prices got a lot of difference. I agree sometimes the difference might be too huge. But look at current trading, e.g. look at Novena and Toa Payoh OR Clementi and Jurong.
And I'm not saying the entire D19 is bad. Look at the map, I'm merely saying D19 is darn HUGE. The distance is like from Bishan to Woodlands. Obviously the price differential can be substantial. And Punggol is like the "toilet bowl" of D19 for lack of a better description, and deserve a lower price tag than the Kovan or even Serangoon or Hougang.
Sengkang and Punggol around sama sama one lah thats why people compare luxurie and ATT. Both towns are full of singaporeans and upgraders, so buyers should be around the same profile.. Distance wise also quite close.. You cannot use novena-toa payoh to compare with sengkang-punggol.. It's common sense the buyer profile of novena and toa payoh differ greatly, while for punggol and sengkang it is the same..
You were implying D19 is bad from your previous post when you mentioned about the long walk at dhoby gault that people have to take when they switch lines.. But thing is market didn't feel so by looking at D19 or NEL property prices..
Even when people compare ATT and minton, it's quite fair also, because they attract similar types of buyers..
devilplate
13-09-11, 16:24
The Sail does not have 1:1 carpark lots.
Cbd projects diff ....in fact mostly dun provide a car lot....nid to pay season parking fees if u nid it
I aso feel att shd provide 1to1 bcoz there is no 1bdrs
Anyway, punggol/sk cud be one of the worst place for rental investment.....from wat i noe, hdb flats in punggol dun really have much rental demand for it.
Ulu places like pasir ris got airport and changi biz park,far north like woodlands also got better rental demand due to industrial park nrby
Even when people compare ATT and minton, it's quite fair also, because they attract similar types of buyers..
I go for Minton anytime.. Much nearer city and good schools for me. NEx mall and Serangoon MRT interchange near enuf.
Punggol people might "upgrade" nearer to Serangoon next time, but I doubt if Serangoon people will go further up to Punggol. :D
devilplate
13-09-11, 16:30
I go for Minton anytime.. Much nearer city and good schools for me. NEx mall and Serangoon MRT interchange near enuf.
Punggol people might "upgrade" nearer to Serangoon next time, but I doubt if Serangoon people will go further up to Punggol. :D
Ok la....i move from central to city fringe to pasir ris now....whahaha
victorchoo
13-09-11, 16:44
HDB upgraders, like renters, may not have cars if the MRT is near.
i will agree with you if the majority of the units are studios and 1brs.
However, the smallest unit is a 2 br. in other words, most of the upgraders have kids. and with kids, comes the car. :)
victorchoo
13-09-11, 16:47
I go for Minton anytime.. Much nearer city and good schools for me. NEx mall and Serangoon MRT interchange near enuf.
Punggol people might "upgrade" nearer to Serangoon next time, but I doubt if Serangoon people will go further up to Punggol. :D
err... my friend stays at Serangoon Central. But she wanted a 2br in ATT. Too bad she is too late. Good units all taken... :o
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