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View Full Version : A Treasure Trove - New condo at Punggol by Sim Lian Group



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Ultroman
20-08-11, 20:33
Launching soon

Average $880psf

Check out http://a-treasure-trove.com/

phantom_opera
20-08-11, 21:20
Sim Lian nervous now ... CAPL even worse ..


http://sg.finance.yahoo.com/q/ta?s=C31.SI&t=2y&l=on&z=l&q=l&p=m200&a=r14&c=

I_RIDE_DEEP
25-08-11, 12:36
Very surprised, so little discussion on this project. I would thought there will be more interest on this dev since it is less than 200meters from Punggol Mrt.

bargain hunter
25-08-11, 13:11
not much info yet rite? how to discuss? :ashamed1:

the sengkang one by kepland first but even then, so little discussion!


Very surprised, so little discussion on this project. I would thought there will be more interest on this dev since it is less than 200meters from Punggol Mrt.

Stoney Stone Stone
25-08-11, 14:49
Very surprised, so little discussion on this project. I would thought there will be more interest on this dev since it is less than 200meters from Punggol Mrt.

Project Facts

PROJECT NAME: A Treasure Trove
DEVELOPER: Sim Lian Group
ARCHITECT: Design Link Architects
LOCATION: 50 – 76 Punggol Walk
LAND SIZE: 296,298 sqft (approx)
PLOT RATIO: 3.0
DISTRICT: 19
TENURE: 99 years commencing from 9 March 2011
TOTAL NO. OF UNITS: 882
NO OF BLOCKS / STOREY: 14 Blocks of 16 Storeys each
EXPECTED TOP DATE: 30 November 2015
EXPECTED LEGAL COMPLETION DATE: 30 November 2018
NO. OF CAR PARK LOTS: 2 level of Basement Carparking – 809 Carkpark Lots + 14 Handicap Lots

FLOOR TO FLOOR CEILING HEIGHT:

2.90m or 2900mm (for 1st storey – 15th storey)
3.20m or 3200mm (for penthouse only – 16th storey)FULL & LUXURIOUS CONDOMINIUM FACILITIES

50m Lap Pool
Children’s Pool
Spa Pool
Hydro Gym
Jacuzzi Pool
Clubhouse with Function Room, Gymnasium and Reading Room
1 male changing/shower room with sauna; 1 female changing/shower room with sauna
Pool Terrace
Children’s Playground
BBQ
1 Recreational Tennis Court
Fitness StationLIFTS:

1st Storey – 15th storey (4 units on each level serve by 2 lifts)
16th Storey – Penthouse (3 units on each level serve by 2 lifts)
UNIT TYPE & MIX:

2 Bedroom (775 sqft) – 210 units
2 Bedroom +Study (915 sqft) – 90 units
3 Bedroom (1,044 – 1,130sqft) – 270 units
3 Bedroom + study (1,206sqft) – 180 units
4 Bedroom (1,335sqft) – 90 units
Penthouse (1,528sqft – 4,876sqft) – 42 unitsAPPLIANCES & FITTINGS:

600mm by 600mm Polished Porcelain Tiles with Timber Skirting
Spa Bath to Penthouse units only
High and low kitchen cabinets with Solid Top
Oven provided for all unit types (Brand – BOSCH)
Built-in wardrobe to all Bedrooms (excludes Study Room)
Wall mounted single/multi split fan coil unit air-conditioning system provided to all Living, Dining, Bedrooms and Study only.
Hot Water Supply shall be provided to all Bathrooms (exclude Kitchen, Wet & Dry Kitchen and W.C.).
Units will be provided with gas water heater or electric strage heater where appropriate.
Town Gas Supply to kitchen cooker hob will be provided to units where appropriate.
Brand – BOSCH Cooker Hood & HobDEVELOPER’S PROJECT ACCOUNT:
United Overseas Bank ltd for Project Account No. 450-302-112-3 for Sim Lian JV (Punggol Central) Pte Ltd


http://www.punggoltreasuretrove.com/

azeoprop
25-08-11, 15:16
Seems much more value for money than Luxurie @ sengkang...880psf vs 1100psf. Both similar walking distance to MRT.

The rental for punggol and sengkang about the same right?

:beats-me-man:

Ultroman
25-08-11, 17:14
Yes, The Luxurie is selling $1.1k vs ATT of only $880k. Cheapest 2 brm expected to start at $698k, both bedroom come with attached bathroom:)

Preview expected in early September

Do register http://a-treasure-trove.com to select a unit before preview.

linchong84
25-08-11, 17:34
how much did sim lian paid for this piece of land?

Ultroman
25-08-11, 17:43
only $406 psf ...much lower than The Luxurie:)

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1097975/1/.html

flagship74
25-08-11, 17:44
Madness px:tsk-tsk:

azeoprop
25-08-11, 17:51
Any floor plans to share? :)

linchong84
25-08-11, 17:53
Madness px:tsk-tsk:

880psf is madness price? u joking? Anything below 900psf is good catch for the current market.. But i suspect it is FROM 880psf, not AVG 880psf..

hyenergix
25-08-11, 18:11
I think 880 psf is only for low floor lousy facing. Increment might b high for better units. Like NTUC give discount on v few items.

flagship74
25-08-11, 18:57
880psf is madness price? u joking? Anything below 900psf is good catch for the current market.. But i suspect it is FROM 880psf, not AVG 880psf..

i expect the px will go down between the range of 650psf-680psf:eek:

devilplate
25-08-11, 19:00
i expect the px will go down between the range of 650psf-680psf:eek:
Not now la bro...:p

So when u expect it to happen....set a timeline

Ultroman
25-08-11, 20:44
Site Plan is out :)

http://a-treasure-trove.com/?page_id=61

azeoprop
25-08-11, 20:54
Site Plan is out :)

http://a-treasure-trove.com/?page_id=61

The stacks facing the club house should get unblocked views....at least till the other side of the project.

:2cents:

azeoprop
26-08-11, 05:45
Saw the 2 bedroom floor plan...got bomb shelter.:( Also strange to have no common bath, each bedroom got its own bath.

:beats-me-man:

hyenergix
26-08-11, 06:47
About $900k for 3 bedroom beside the MRT and town center. All units are nearly NS facing. Very affordable for the Seng Kang/Punggol/Pasir Ris upgraders. Since it only TOP in 2015, by then the current crisis should have subsided and the property market should be more vibrant. It should have good response.

kane
26-08-11, 08:41
Is this nearer to the station as compared to prive?

Ultroman
26-08-11, 09:02
Saw the 2 bedroom floor plan...got bomb shelter.:( Also strange to have no common bath, each bedroom got its own bath.

:beats-me-man:

No worries ... Developer welcome feedback and you may request to opt for 1 attached bathroom and 1 common bathroom

devilplate
26-08-11, 09:03
About $900k for 3 bedroom beside the MRT and town center. All units are nearly NS facing. Very affordable for the Seng Kang/Punggol/Pasir Ris upgraders. Since it only TOP in 2015, by then the current crisis should have subsided and the property market should be more vibrant. It should have good response.
U so sure meh?

Y not this debt crisis continues to drag on by pumping in qe3,4,5 and den finally burst in 2014?:p

Ppty px keeps on increasing and cannot cash out due to 4yrs ssd...lol

solsys
26-08-11, 11:41
Hyperinflation. Don't believe the statistics but believe the prices that are manifesting before you.

Regulators
26-08-11, 11:45
Heard frasers going to build a shopping mall the size of nex beside the mrt, can anyone verify?

solsys
26-08-11, 11:47
U so sure meh?

Y not this debt crisis continues to drag on by pumping in qe3,4,5 and den finally burst in 2014?:p

Ppty px keeps on increasing and cannot cash out due to 4yrs ssd...lol

Pray hard for a revolutionary product that dramatically increase productivity and lifestyle, thus creating a new industry to generate employment.

It's the only hope while countries continue to print $$$.

Hopefully green tech takes off at low cost model and buildings all around embark on green retrofitting.

iwantgizmos
26-08-11, 11:49
Heard frasers going to build a shopping mall the size of nex beside the mrt, can anyone verify?
wow. if this is true, it would be awesome...

Regulators
26-08-11, 12:17
Frasers bidded the land for 7xxpsf. Future launches in the area will not be cheap
wow. if this is true, it would be awesome...

Regulators
26-08-11, 12:37
Frasers bidded the land for 7xxpsf. Future launches in the area will not be cheap
wow. if this is true, it would be awesome...

ysyap
26-08-11, 13:40
Yes, The Luxurie is selling $1.1k vs ATT of only $880k. Cheapest 2 brm expected to start at $698k, both bedroom come with attached bathroom:)

Preview expected in early September

Do register http://a-treasure-trove.com to select a unit before preview.You are referring to 1.1mil?

hyenergix
26-08-11, 13:44
U so sure meh?

Y not this debt crisis continues to drag on by pumping in qe3,4,5 and den finally burst in 2014?:p

Ppty px keeps on increasing and cannot cash out due to 4yrs ssd...lol

The more the QE, the higher the inflation. Even without QE3, property prices actually increased more than published figures in recent months, if you look at the facilities and materials quality provided by the developers. This is despite stronger SGD which by right should make construction materials, fuel and labor cheaper. If the buyers purchase in 2011 and the TOP is in 2014 or 2015, the 4-year SSD will be nearly over.

Assuming loan at 80% of $900k (3 bedders) = $720k. Monthly instalment = $2661, using interest rate of 2% over 30 years. It can be easily covered by renting out the HDB flat.

Ultroman
26-08-11, 15:47
You are referring to 1.1mil?

yes correction... The Luxurie selling $1.1k psf vs ATT $880 psf : )

azeoprop
26-08-11, 18:26
yes correction... The Luxurie selling $1.1k psf vs ATT $880 psf : )

U sold ur minton already? :rolleyes:

Allthepies
26-08-11, 18:50
Assuming loan at 80% of $900k (3 bedders) = $720k. Monthly instalment = $2661, using interest rate of 2% over 30 years. It can be easily covered by renting out the HDB flat.
hdb in this area can rent so high meh? plus the large supply there

Ultroman
26-08-11, 20:16
U sold ur minton already? :rolleyes:

Yup cash out to buy ATT

azeoprop
26-08-11, 20:19
Yup cash out to buy ATT

Congrats! :cheers1:

ysyap
26-08-11, 21:40
Yup cash out to buy ATTPersonally I prefer Minton to ATT although it is not near to MRT coz as a driver, it takes much shorter time to reach most parts of Singapore except the far north and Pasir Ris. Its just a personal preference! :D I suspect you probably got a studio or 4 bedder which I think are sold out by developers therefore you can sell it via subsale at profit? Congrats again! :spliff:

fclim
26-08-11, 23:05
Yup cash out to buy ATT

Congrats. Minton is nearer to city. :) You probably bot Minton before CM2, so SSD doesn't apply after 1 year? You were actually free from CM already. But, this new one will need to hold for next 4 years.

ysyap
27-08-11, 06:26
Congrats. Minton is nearer to city. :) You probably bot Minton before CM2, so SSD doesn't apply after 1 year? You were actually free from CM already. But, this new one will need to hold for next 4 years.The oversupply crunch in 2013 may come in handy for many. Govt, in a bid to prevent oversupply in the public sector, is taking steps like raising income ceiling to buy ECs and BTOs. However, the private sector will still be subjected to oversupply therefore govt just have to remove SSD and oversupply will be curbed. :cheers1: Looking forward to that day!

hyenergix
27-08-11, 07:45
U so sure meh?

Y not this debt crisis continues to drag on by pumping in qe3,4,5 and den finally burst in 2014?:p

Ppty px keeps on increasing and cannot cash out due to 4yrs ssd...lol

Plenty asking around $2500+

http://www.propertyguru.com.sg/singapore-property-listing?listing_type=rent&search_type=district&property_id=&interest=&hdb_estate=&distance=1&districts%5B%5D=&freetext=punggol&property_type=H&maxprice=&maxbed=3&minbed=3&minsize=&searchbtn=go

Ultroman
27-08-11, 11:09
Congrats. Minton is nearer to city. :) You probably bot Minton before CM2, so SSD doesn't apply after 1 year? You were actually free from CM already. But, this new one will need to hold for next 4 years.

Distance from city is one aspect but mrt line getting more thorough it's better to be nearer to mrt. Since Fraser and foe bought the town centre site there win launch cheap so ok to hold 4 yrs for potential cap appreciation.

Do visit http;//a-treasure-trove.com

Regulators
27-08-11, 14:00
The prices of treasure trove starts from 880psf all the way to 9xxpsf, not exactly cheap. Can't compare with luxurie or seng kang condo where amenities are already aplenty. I think prices for trove still very stiff, don't get fooled by agent telling you when you buy pre-preview you get a better price, remember the dbss incident and you are dealing with sim lian

devilplate
27-08-11, 14:10
The prices of treasure trove starts from 880psf all the way to 9xxpsf, not exactly cheap. Can't compare with luxurie or seng kang condo where amenities are already aplenty. I think prices for trove still very stiff, don't get fooled by agent telling you when you buy pre-preview you get a better price, remember the dbss incident and you are dealing with sim lian
I tink sim lian will have a much better layout den luxurie....so far their past projects like waterview got pretty good and efficient layout.

900psf vs 1100psf, i wud pick punggol.....but better to go for resale!:D

kingkong1984
27-08-11, 14:14
The prices of treasure trove starts from 880psf all the way to 9xxpsf, not exactly cheap. Can't compare with luxurie or seng kang condo where amenities are already aplenty. I think prices for trove still very stiff, don't get fooled by agent telling you when you buy pre-preview you get a better price, remember the dbss incident and you are dealing with sim lian

Same with Huttons agents promising best price during preview for miltonia residences. Seems like prices are getting cheaper there too.

Regulators
27-08-11, 14:15
For resale prices haven't really come down leh, I surf pty websites like ptyguru and ipropty no major movement yet...haiz
I tink sim lian will have a much better layout den luxurie....so far their past projects like waterview got pretty good and efficient layout.

900psf vs 1100psf, i wud pick punggol.....but better to go for resale!:D

kingkong1984
27-08-11, 14:17
Those are listed prices...

They are masked and only agents will have the real good deals.

Call them up and convince them u r buying and able to buy, ask them to find u the bargains. It will pop up in caveats 2 to 3mths later.

Regulators
27-08-11, 14:20
I went down to miltonia, apart from golf course, nothing to offer there. All those with golf course view all taken up liao, those left dangling are lousy units. I think people have mixed feelings about trove but if we don't look at the pollution there, the area has development potential. Just scared the govt play people out again like in the nineties when they said punggol would be a watersports hub blar blar blar
Same with Huttons agents promising best price during preview for miltonia residences. Seems like prices are getting cheaper there too.

azeoprop
27-08-11, 15:07
http://en.wikipedia.org/wiki/Matilda_House

Not bad to live next to a piece of Singapore history? :rolleyes:

linchong84
27-08-11, 17:11
http://en.wikipedia.org/wiki/Matilda_House

Not bad to live next to a piece of Singapore history? :rolleyes:

But it's a ghost house right? Will ying energy be too strong? Bad for fengshui?

solsys
27-08-11, 23:20
Punggol is a bubble in the making. The rest of Singapore still not so bad.

azeoprop
27-08-11, 23:48
2 bedroom layout not bad. :beats-me-man:

fclim
28-08-11, 00:34
2 bedroom layout not bad. :beats-me-man:

I find the site layout rather cramp. Opposite blocks will be very close to each other. This is the tradeoff to get NS facing, I guess.

I_RIDE_DEEP
28-08-11, 10:24
The prices of treasure trove starts from 880psf all the way to 9xxpsf, not exactly cheap. Can't compare with luxurie or seng kang condo where amenities are already aplenty. I think prices for trove still very stiff, don't get fooled by agent telling you when you buy pre-preview you get a better price, remember the dbss incident and you are dealing with sim lian

Hi bro..yes, i had my doubts about what agents told me as well and was told by agentthat Sim Lian preview price is bestprice becoz "SL has strong holding power and not desperate to sell",.....blah blah.....

What I am inquiring is from past history, has SL lowered the price after pre-preview to clear stock?

Tks for advice.

I_RIDE_DEEP
28-08-11, 10:29
Can anyone comment if having 800plus units to 700plus carpark lots will be a potential problem? tks

Regulators
28-08-11, 11:13
the agents now collecting cheques for developer to show developer interest level. Agent told me developer need to see cheque before he can reveal pre-preview price, to me that is bull shit. if people start giving cheques to developer, developer become yaya and will just jack up the price judging from the high interest level and call that the preview price. If buyers can hold back their cheques and show developer a low level of interest, they might make prices more attractive. 8xx units will take a while for developer to clear. I suggest for anyone interested to just wait for the prices before giving the cheque.
Hi bro..yes, i had my doubts about what agents told me as well and was told by agentthat Sim Lian preview price is bestprice becoz "SL has strong holding power and not desperate to sell",.....blah blah.....

What I am inquiring is from past history, has SL lowered the price after pre-preview to clear stock?

Tks for advice.

Regulators
28-08-11, 13:48
If not enough parking lot, att residents might have to park at the hdb carpark across the road
Can anyone comment if having 800plus units to 700plus carpark lots will be a potential problem? tks

azeoprop
28-08-11, 15:40
882 units in a 296,800 sqft plot vs 1145 units in a 472,378 sqft plot for Minton.

Which one more cramped? :rolleyes:

hyenergix
28-08-11, 16:24
Can anyone comment if having 800plus units to 700plus carpark lots will be a potential problem? tks

It should be just enough if it caters for around 90% of the units, as it is unlikely every family is driving.

hyenergix
28-08-11, 16:32
882 units in a 296,800 sqft plot vs 1145 units in a 472,378 sqft plot for Minton.

Which one more cramped? :rolleyes:

Minton = 413 sqft per unit.
Treasure Trove = 337 sqft per unit, or 76 sqft less area (18% of Minton)

Treasure Trove's fair psf based on area = 18% less than Minton's psf
If Minton is selling at $900 psf, this one should be at $740 psf

However the Treasure Trove selling psf is around $1000 psf (assume), then the premium placed on the MRT location is $260 psf.

devilplate
28-08-11, 16:57
Minton = 413 sqft per unit.
Treasure Trove = 337 sqft per unit, or 76 sqft less area (18% of Minton)

Treasure Trove's fair psf based on area = 18% less than Minton's psf
If Minton is selling at $900 psf, this one should be at $740 psf

However the Treasure Trove selling psf is around $1000 psf (assume), then the premium placed on the MRT location is $260 psf.
Based on gfa one lor....can build all mm to increase the units by double rite? But mm ave psf surely higher rite

Shd include % of land set aside for facilities n landscaping to see which one more cramped too

azeoprop
28-08-11, 17:32
Just wondering the Sim Lian's "Drying Ledge" is it similar to a balcony or an aircon ledge?

:beats-me-man:

hyenergix
28-08-11, 21:44
Based on gfa one lor....can build all mm to increase the units by double rite? But mm ave psf surely higher rite

Shd include % of land set aside for facilities n landscaping to see which one more cramped too

Then just adjust by e plot ratio... I'm looking in terms of space only...

GSLJ
29-08-11, 01:39
Saw this on FEO website-

http://www.fareast.com.sg/FEOCorp.Web/index.aspx?page=home-prop-info&prop=342#

propertyinvestor
29-08-11, 15:29
Saw this on FEO website-

http://www.fareast.com.sg/FEOCorp.Web/index.aspx?page=home-prop-info&prop=342#

Look like a mega project with detail outlet. I will be interested to look at this project.

ecimbew
29-08-11, 23:53
Saw this on FEO website-

http://www.fareast.com.sg/FEOCorp.Web/index.aspx?page=home-prop-info&prop=342#

The billion dollar land in Punggol!!

http://www.h88.com.sg/images/content/2011-02-16/punggol_mall_lg.jpg

hyenergix
30-08-11, 07:38
This one looks good. It will be scenic for those facing the river. Launching in 2012. Hopefully prices will crash 50% then and a 3 bedroom can sell for $600k. I must be day-dreaming :sleep:

ysyap
30-08-11, 07:59
This one looks good. It will be scenic for those facing the river. Launching in 2012. Hopefully prices will crash 50% then and a 3 bedroom can sell for $600k. I must be day-dreaming :sleep:Oh yes you are dreaming. 2012 is too soon. 50% crash will only come in 2013! LOL! I'm in dreamland too! :sleep: :D

propertyinvestor
30-08-11, 08:46
This one looks good. It will be scenic for those facing the river. Launching in 2012. Hopefully prices will crash 50% then and a 3 bedroom can sell for $600k. I must be day-dreaming :sleep:

I will buy 2 if crash till 600k for 3 bedder. Ha ha ha...

propertyinvestor
30-08-11, 08:47
This one looks good. It will be scenic for those facing the river. Launching in 2012. Hopefully prices will crash 50% then and a 3 bedroom can sell for $600k. I must be day-dreaming :sleep:

I will buy 2 if crash till 600k for 3 bedder. Ha ha ha...

kane
30-08-11, 11:03
When the market corrects 30%, I think you with tthe spare cash would already start entering the markets. How then is the 50% correction achieveable?

terence
30-08-11, 13:48
Developer did not get the land cheap....30% downside from now simply unbelieveable...
Dream on guys..:)

ysyap
30-08-11, 13:59
Developer did not get the land cheap....30% downside from now simply unbelieveable...
Dream on guys..:)Its those with dreams that can achieve great things in life! :p Good to dream! :sleep:

mantrix
30-08-11, 14:32
15% downside the Chinese already start queuing up liao...:D

kane
30-08-11, 16:21
15% downside the Chinese already start queuing up liao...:D

Kiasu syndrome kicks in. Imagine some of amber road resale sell at 1000psf with a 15-20% correction. I'm sure there are some itchy fingers fella who will pull the trigger then.

azeoprop
30-08-11, 19:12
Those interested might want to look at punggol Emerald and Sapphire site plan when choosing your unit here.

http://www.h88.com.sg/article/Punggol+Waves+and+Punggol+Emerald+BTOs+launched/

azeoprop
30-08-11, 20:42
Here's an old photo of matilda house during its heydays.
http://www.ura.gov.sg/pr/graphics/2010/pr10-124a.pdf

:)

Regulators
30-08-11, 21:06
Anyone buying for own stay or investment? :D

azeoprop
31-08-11, 20:35
I kaypo only haa haa. Seems like the preview will be on 8th Sept.

:D

ureshiman
31-08-11, 21:39
any possibility that developer will give discount during the preview @ 800psf? :spliff:

azeoprop
31-08-11, 21:47
800psf possible for ground floor or 2nd floor big units? :beats-me-man:

Found the 3+study floor plan here. Looks very similar to waterview.
http://atreasuretrove.org/floorplan/

ecimbew
31-08-11, 22:11
But 809 carpark lots for 882 units :doh:

Matilda club house will be nice. Hopefully, it will be like The Seaview's clubhouse.

http://www.ura.gov.sg/conservation/images/43amberrd.jpg

http://www.asiaone.com/a1media/business/20080421.181116_interior(2).jpg

The Pavilion, at Seaview, was built in the early 1900s and was owned by the Elias family, an established Jewish family at the time. The bungalow was gazetted for conservation in 2004.

ureshiman
31-08-11, 22:37
Looks good :)

Based on the bid price by developer, think break-even around 720psf... With a cramp layout, limited carpark lots, potential recession, slowdown due to hdb converts due to ceiling adjustment....let's see if sim lian wants to take a mass sellout @ 800psf or go for gambling 900psf...

flagship74
31-08-11, 22:42
For those have not vested, please do not miss the boat again.:D

ecimbew
31-08-11, 22:51
Looks good :)

Based on the bid price by developer, think break-even around 720psf... With a cramp layout, limited carpark lots, potential recession, slowdown due to hdb converts due to ceiling adjustment....let's see if sim lian wants to take a mass sellout @ 800psf or go for gambling 900psf...

If Sim Lian wants another backlash, please sell this condo at $800psf.
Sim Lian has sold only less than 35% of it's DBSS "not HDB" Central8. It's initial asking price of $764 psf raised eye browns.
Waterview, the condo opposite the Arc and also developed by Sim Lian, was selling at $838 psf when launched In late 2010.

hyenergix
31-08-11, 22:54
Looks good :)

Based on the bid price by developer, think break-even around 720psf... With a cramp layout, limited carpark lots, potential recession, slowdown due to hdb converts due to ceiling adjustment....let's see if sim lian wants to take a mass sellout @ 800psf or go for gambling 900psf...

Indicate price for the latest EC Arc @ Tampines far from MRT is around 760 psf, this pte condo next to MRT and mall should be above 900 psf for a 2-bedder.

hyenergix
31-08-11, 22:56
If Sim Lian wants another backlash, please sell this condo at $800psf.
Sim Lian has sold only less than 35% of it's DBSS "not HDB" Central8. It's initial asking price of $764 psf raised eye browns.
Waterview, the condo opposite the Arc and also developed by Sim Lian, was selling at $838 psf when launched In late 2010.

DBSS seems to be partially disowned by HDB. When 99 lease is up, they are unlikely to undergo SERS.

azeoprop
31-08-11, 23:02
I think they might aim for a sell out pricing, too much competition in the area. They have another site at hougang ave 7 coming up as well.

:beats-me-man:

hyenergix
31-08-11, 23:07
I think they might aim for a sell out pricing, too much competition in the area. They have another site at hougang ave 7 coming up as well.

:beats-me-man:

Unlikely. The Arc @ Tampines is generating very good response according to the website: http://www.myhometown.sg/Forum/tabid/84/afv/topic/aff/283/aft/182589/afpg/11/Default.aspx

900 psf for 2 bedders at this location will be a bet for good sales. Actually my guess is closer to 1000 psf after the discount period is over.

ureshiman
01-09-11, 08:28
Indicate price for the latest EC Arc @ Tampines far from MRT is around 760 psf, this pte condo next to MRT and mall should be above 900 psf for a 2-bedder.

Precisely think the demand will go to ec now which leads to a need to market pte condo at reasonable 800psf....punggol is still an under developed town compared to others.

Regulators
01-09-11, 08:36
punggol will be largely developed by the time trove tops
Precisely think the demand will go to ec now which leads to a need to market pte condo at reasonable 800psf....punggol is still an under developed town compared to others.

ysyap
01-09-11, 09:06
punggol will be largely developed by the time trove topsHope against hope. Punggol 21 started in 1990s and 20 years on, its still raw and not even 50% developed. You think next 4 years it will be largely done up? I have my doubts! :tsk-tsk:

terence
01-09-11, 10:18
Riverparc EC in Punggol is selling for about $700 to $800psf.
As such, TROVE imo, at least $900psf and up...

2824
01-09-11, 10:41
But riverparc meant for couples <$10k. now with the $12k ceiling things have changed unfortunately negatively for trove, as they will find demend moving shifting to EC, somemore woth 800+ units (no mm), they must really price to clear.





Riverparc EC in Punggol is selling for about $700 to $800psf.
As such, TROVE imo, at least $900psf and up...

bargain hunter
02-09-11, 10:10
Published September 2, 2011
http://www.businesstimes.com.sg/mnt/static/image/ax/c.gif
8 bids for condo plot at Punggol Field Walk

By UMA SHANKARI

A CONDOMINIUM housing plot at Punggol Field Walk drew a higher than expected eight bids at the close of the state tender yesterday.

But analysts said that despite the good participation, the bid amounts signal developers' caution.
The top bid of $169.6 million or $323 per square foot per plot ratio (psf ppr) for the 99-year leasehold site came from Capital Development and ZACD Investments. Both companies are owned by individual shareholders.
Bidding was tight and the top four bids were in close range, with a tender bid price gap of just 6 per cent between the top and fourth highest bids.
The tender for the site, which can yield about 550 units, was launched on June 29. Then, analysts estimated that the plot could fetch as much as $420 psf ppr.
The bid prices show future pricing of suburban condominiums is consolidating, said Li Hiaw Ho, executive director at CB Richard Ellis.
Added Chia Siew Chuin, Colliers International's director of research & advisory: 'The tender bids received reflect a more cautious market outlook and possibly some level of opportunistic bidding.'
Credo Real Estate executive director Ong Teck Hui said that two factors could have led to cautious bidding.
'The recent financial market turmoil has led to increased uncertainties,' he said.
'In addition, the Punggol, Sengkang and Upper Serangoon area is getting more crowded with some 2,600 units coming from several new projects... Some of these projects are near MRT stations and will provide stiff competition for buyers.'
Analysts also noted that the top bid of $323 psf ppr offered for this site is around 20 per cent lower than the top bid of $406 psf ppr achieved for a nearby residential plot at the corner of Punggol Central and Punggol Walk, which was sold to Sim Lian Group in December 2010.
Based on a land cost of $323 per sq ft ppr, units at the new site could breakeven at about $660-680 psf and sell at around $860-900 psf, Colliers' Ms Chia said.

devilplate
02-09-11, 10:28
treasure within 300m to mrt and land sold at 406psf

whereas this one super far from mrt at 323psf with amazing 8bids! wow.....why developers r eyeing punggol!?!?!?!:beats-me-man: :confused:

looks like developer prefer punggol more den places like pasir ris(seastrand i tink only 3 bids with similar bid price)

azeoprop
02-09-11, 10:59
Maybe because if priced right at around 800psf, low quantum and efficient design, even if ulu location, people will still buy. 8cy and boathouse are just 2 examples.

:beats-me-man:


treasure within 300m to mrt and land sold at 406psf

whereas this one super far from mrt at 323psf with amazing 8bids! wow.....why developers r eyeing punggol!?!?!?!:beats-me-man: :confused:

looks like developer prefer punggol more den places like pasir ris(seastrand i tink only 3 bids with similar bid price)

ureshiman
02-09-11, 11:14
Sometimes felt these property analyst are just like shares broker/analyst who always paint a rosy picture n buyers n sometimes developers are tricked into this bubble...common, papers lately already warned of more than 55% tat Singapore will go into recession... Let's be rational n set a win win 800psf tat can do good to reduce the bubble :)

bargain hunter
02-09-11, 11:19
too bad, the developers of those 2 projects came in 2nd, bidding 4% less.

the winner are 2 companies who have individual shareholders. no track record. dunno what will come out of it.


Maybe because if priced right at around 800psf, low quantum and efficient design, even if ulu location, people will still buy. 8cy and boathouse are just 2 examples.

:beats-me-man:

gav108
02-09-11, 12:23
2 bedroom layout not bad. :beats-me-man:

i beg to differ. look at the size of the a/c ledge. and the large drying ledge is also calculated as part of the area. imagine having to pay for the space u hang your clothes :beats-me-man:

kane
02-09-11, 13:37
treasure within 300m to mrt and land sold at 406psf

whereas this one super far from mrt at 323psf with amazing 8bids! wow.....why developers r eyeing punggol!?!?!?!:beats-me-man: :confused:

looks like developer prefer punggol more den places like pasir ris(seastrand i tink only 3 bids with similar bid price)

if it's not punggol, it's pasir ris, or bedok, or jurong, or bukit batok. there isn't that many vacant land in the better spots to sell anyway, so we end up with punggol land sales hitting headlines.

punggol's vast stretches of open land is getting built up pretty rapidly, and same goes for pasir ris.

hyenergix
02-09-11, 15:36
Published September 2, 2011
http://www.businesstimes.com.sg/mnt/static/image/ax/c.gif
8 bids for condo plot at Punggol Field Walk

By UMA SHANKARI

A CONDOMINIUM housing plot at Punggol Field Walk drew a higher than expected eight bids at the close of the state tender yesterday.


But analysts said that despite the good participation, the bid amounts signal developers' caution.
The top bid of $169.6 million or $323 per square foot per plot ratio (psf ppr) for the 99-year leasehold site came from Capital Development and ZACD Investments. Both companies are owned by individual shareholders.
Bidding was tight and the top four bids were in close range, with a tender bid price gap of just 6 per cent between the top and fourth highest bids.
The tender for the site, which can yield about 550 units, was launched on June 29. Then, analysts estimated that the plot could fetch as much as $420 psf ppr.
The bid prices show future pricing of suburban condominiums is consolidating, said Li Hiaw Ho, executive director at CB Richard Ellis.
Added Chia Siew Chuin, Colliers International's director of research & advisory: 'The tender bids received reflect a more cautious market outlook and possibly some level of opportunistic bidding.'
Credo Real Estate executive director Ong Teck Hui said that two factors could have led to cautious bidding.
'The recent financial market turmoil has led to increased uncertainties,' he said.
'In addition, the Punggol, Sengkang and Upper Serangoon area is getting more crowded with some 2,600 units coming from several new projects... Some of these projects are near MRT stations and will provide stiff competition for buyers.'
Analysts also noted that the top bid of $323 psf ppr offered for this site is around 20 per cent lower than the top bid of $406 psf ppr achieved for a nearby residential plot at the corner of Punggol Central and Punggol Walk, which was sold to Sim Lian Group in December 2010.
Based on a land cost of $323 per sq ft ppr, units at the new site could breakeven at about $660-680 psf and sell at around $860-900 psf, Colliers' Ms Chia said.



What would be the selling price of Treasure Trove then? :eek:

ysyap
02-09-11, 16:01
What would be the selling price of Treasure Trove then? :eek:At least $850 psf. Knowing Sim Lian who's aggressive in their prices, it should be nearer to $900 psf. Just my guess! :o

kingkong1984
03-09-11, 22:44
At least $850 psf. Knowing Sim Lian who's aggressive in their prices, it should be nearer to $900 psf. Just my guess! :o

I think priced to sell....

can consider 2 bedders...

http://www.atreasuretrove.com.sg/

ysyap
03-09-11, 22:48
I think priced to sell....

can consider 2 bedders...

http://www.atreasuretrove.com.sg/Thx for the link. Not bad... my guess is quite accurate. Its going for indicative price of $880psf. May go up if take up is overwhelming. May come down a bit if take up is super lousy! :cheers1:

hyenergix
04-09-11, 00:16
Thx for the link. Not bad... my guess is quite accurate. Its going for indicative price of $880psf. May go up if take up is overwhelming. May come down a bit if take up is super lousy! :cheers1:

I stand by my guess 2 bedders (my reference) well above 900 psf :rolleyes:

GSLJ
04-09-11, 12:43
From CNA forum-

http://forum.channelnewsasia.com/viewtopic.php?t=460584

Stench from Punggol beach ......


STOMPer Irene is frustrated with the smoke emitted from the refinery at Johor, as she says this causes serious air pollution.


Says the STOMPer:

"There is serious air pollution in Punngol due to the refinery at Johor.


"It is pollution, day and night, for us Punggol residents."


STOMP found that it is standard practice for refineries to release exhaust gases to protect pipes from over-pressurisation. This controlled burning of waste gases is known as 'flaring' and the resulting smoke is a mixture of water and carbon dioxide.



=================================================




This shocking sight greeted sabil when the STOMPer took a walk along the Ponggol Marina PCN (Park Connector Network). The STOMPer thinks more efforts need to go into keeping our beaches clean.

sabil shares:

"This sight and accompanying odour greeted us as we took a walk along the Ponggol Marina PCN (Park Connector Network) walkway.

"More needs to be done to keep our shorelines and waterways clean."

Regulators
08-09-11, 01:20
prices out in 10 hours for ATT.

Regulators
08-09-11, 01:21
I raised this issue ages ago. Yes, the stench is still around :doh:


From CNA forum-

http://forum.channelnewsasia.com/viewtopic.php?t=460584

Stench from Punggol beach ......


STOMPer Irene is frustrated with the smoke emitted from the refinery at Johor, as she says this causes serious air pollution.


Says the STOMPer:

"There is serious air pollution in Punngol due to the refinery at Johor.


"It is pollution, day and night, for us Punggol residents."


STOMP found that it is standard practice for refineries to release exhaust gases to protect pipes from over-pressurisation. This controlled burning of waste gases is known as 'flaring' and the resulting smoke is a mixture of water and carbon dioxide.



=================================================




This shocking sight greeted sabil when the STOMPer took a walk along the Ponggol Marina PCN (Park Connector Network). The STOMPer thinks more efforts need to go into keeping our beaches clean.

sabil shares:

"This sight and accompanying odour greeted us as we took a walk along the Ponggol Marina PCN (Park Connector Network) walkway.

"More needs to be done to keep our shorelines and waterways clean."

ysyap
08-09-11, 08:12
prices out in 10 hours for ATT.You mean prices for ATT will be out today in the morning? So is the VVIP preview today also?

craze
08-09-11, 08:22
You mean prices for ATT will be out today in the morning? So is the VVIP preview today also?

Yes VVIP preview this afternoon, price will be out!!!

bargain hunter
08-09-11, 08:28
do keep us updated, whoever gets the info first. ;)

Regulators
08-09-11, 09:30
I think prices out between 11am to noon today, but showflat only can view between 6pm to 10pm. Those who have site plan don't actually need to see the showflat model. The interior a bit cheapskate, using homogeneous tiles and usual parquet flooring

bargain hunter
08-09-11, 09:39
do let us know if u get the prices. keen to know if its indeed significantly lower than luxurie as was touted. :)


I think prices out between 11am to noon today, but showflat only can view between 6pm to 10pm. Those who have site plan don't actually need to see the showflat model. The interior a bit cheapskate, using homogeneous tiles and usual parquet flooring

mantrix
08-09-11, 09:41
will be cheaper for sure...however layout just as packed as Luxurie...

craze
08-09-11, 09:43
do let us know if u get the prices. keen to know if its indeed significantly lower than luxurie as was touted. :)
It is lower than Luxurie for sure. pm me your mobile number if you are keen. i can let u know the pricing later.

azeoprop
08-09-11, 12:39
price is out, 2 bedroom can get below 700k. :D

devilplate
08-09-11, 12:40
price is out, 2 bedroom can get below 700k. :D

wats the psf?

Regulators
08-09-11, 12:59
prices of 775sf two bedr starting at $907psf for stacks released. $907psf units are on second floor, facing pool. Every floor increase by $4psf. The 2+1 starting at $896psf not very far from 2 bedr. Pricing not very attractive imo, what do you guys think?

victorchoo
08-09-11, 13:13
2 bedder stack 775sf
02 $703k
08 $727k
15 $756k

2 + study stack 915sf
02 $811k
08 $842k
15 $877k

3 bedder stack 1044sf
02 $935k
08 $967k
15 $1022k

3 + study stack 1206sf
02 $1021k
08 $1058k
15 $1100k

4 bedder stack 1335sf
02 $1133k
08 $1171k
15 $1213k

DC33_2008
08-09-11, 13:16
Got site map?


2 bedder stack 775sf
02 $703k
08 $727k
15 $756k

2 + study stack 915sf
02 $811k
08 $842k
15 $877k

3 bedder stack 1044sf
02 $935k
08 $967k
15 $1022k

3 + study stack 1206sf
02 $1021k
08 $1058k
15 $1100k

4 bedder stack 1335sf
02 $1133k
08 $1171k
15 $1213k

azeoprop
08-09-11, 13:31
Wow! Really priced to sell, spoil market! haa haa :rolleyes:

Regulators
08-09-11, 13:36
Sell to you? :D
Wow! Really priced to sell, spoil market! haa haa :rolleyes:

bargain hunter
08-09-11, 13:43
thanks for update! appreciate it.

so will this sell faster than The Luxurie? :)


2 bedder stack 775sf
02 $703k
08 $727k
15 $756k

2 + study stack 915sf
02 $811k
08 $842k
15 $877k

3 bedder stack 1044sf
02 $935k
08 $967k
15 $1022k

3 + study stack 1206sf
02 $1021k
08 $1058k
15 $1100k

4 bedder stack 1335sf
02 $1133k
08 $1171k
15 $1213k

devilplate
08-09-11, 13:48
hurry go buy buy!

last new launch near MRt below 1kpsf....lol

Regulators
08-09-11, 13:57
Nobody seem to hiew tarman's recession warning.

DC33_2008
08-09-11, 13:57
250m from MRT and highrise.
hurry go buy buy!

last new launch near MRt below 1kpsf....lol

p3nboy
08-09-11, 14:26
come on ppl! you buy, I bye.

victorchoo
08-09-11, 14:50
thanks for update! appreciate it.

so will this sell faster than The Luxurie? :)

i suppose this will sell better than Luxurie.

Been to Luxurie showflat. The bedrooms, less the master bedroom can only accommodate a single-sized bed.

As for the ATT bedrooms, which the floorplan is very much similar to Waterview, you can put in a queen size bed quite comfortably.

victorchoo
08-09-11, 14:57
Got site map?
http://i54.tinypic.com/anej35.jpg

ysyap
08-09-11, 14:57
i suppose this will sell better than Luxurie.

Been to Luxurie showflat. The bedrooms, less the master bedroom can only accommodate a single-sized bed.

As for the ATT bedrooms, which the floorplan is very much similar to Waterview, you can put in a queen size bed quite comfortably.A decent project should allow you to put in a King sized bed very comfortably but such projects in OCR are as good as extinct! Sigh! :sleep:

ysyap
08-09-11, 14:59
Nobody seem to hiew tarman's recession warning.Welcome to Singapore! Why do you think Singapore is considered a safe haven to park one's cash? Coz Singaporeans bo hiew world's economy! We evolve by ourselves and are self-sustaining (and so we believed).... :D

kane
08-09-11, 15:55
I think prices out between 11am to noon today, but showflat only can view between 6pm to 10pm. Those who have site plan don't actually need to see the showflat model. The interior a bit cheapskate, using homogeneous tiles and usual parquet flooring

the epitome of cheapskate is homogeneous tiles and laminate flooring.

$1m for a 3 bedder seems to be the magic formula, regardless of size. Tharman's warning vs SNB's + ECB's + Fed's printing press.

bargain hunter
08-09-11, 18:57
any updates from the 'live' action? jam packed like sardines? :)

tally
08-09-11, 19:11
any updates from the 'live' action? jam packed like sardines? :)

Apparently some agents from other developments have been spreading stories about maltilda house being used as a club house. When I went to luxurie, the sales person was discouraging me from looking at this launch. On Facebook, I hv agent friends who are posting stories about the haunted house. Well, let's see whether 'priced to sell' strategies will work its charm over some urban legend.

Regulators
08-09-11, 19:14
I didn't bother to go down, better to wait for the first batch to die first then wait for sim lian to start lelonging the other units. 8xx units not easy to sell out. The are getting rid of the best stacks at high prices first, launching cheaper ones later. Early bird does not translate to better deal in this case.

tally
08-09-11, 19:39
I didn't bother to go down, better to wait for the first batch to die first then wait for sim lian to start lelonging the other units. 8xx units not easy to sell out. The are getting rid of the best stacks at high prices first, launching cheaper ones later. Early bird does not translate to better deal in this case.

That is a piece of interesting news. Looking at 2 or 3 bedrooms and see if it is reasonably priced.

Regulators
08-09-11, 20:01
Each time they try to tear the house down, something bad happens, that was what I heard so they have no choice but to keep it. It is indeed haunted. If you drive past that house at night, it gives an eerie feeling.:eek:
Apparently some agents from other developments have been spreading stories about maltilda house being used as a club house. When I went to luxurie, the sales person was discouraging me from looking at this launch. On Facebook, I hv agent friends who are posting stories about the haunted house. Well, let's see whether 'priced to sell' strategies will work its charm over some urban legend.

kingkong1984
08-09-11, 20:43
As expected, down down down, new land bids also down..

kingkong1984
08-09-11, 20:45
I didn't bother to go down, better to wait for the first batch to die first then wait for sim lian to start lelonging the other units. 8xx units not easy to sell out. The are getting rid of the best stacks at high prices first, launching cheaper ones later. Early bird does not translate to better deal in this case.

U got it, in upmarket, keep the best for last.

In down market, keep the worst for last.

kingkong1984
08-09-11, 20:52
Got site map?

http://www.a-treasure-trove.sg

http://atreasuretrove.org/siteplan/

yjcai
08-09-11, 20:56
last condo in punggol below 1k psf?

Laguna
08-09-11, 21:34
if I am buying, i rather wait for watertown....
FEO is a few classes above SL

DC33_2008
08-09-11, 21:40
One is a developer while the other is a MC/developer.
if I am buying, i rather wait for watertown....
FEO is a few classes above SL

ysyap
08-09-11, 21:55
Each time they try to tear the house down, something bad happens, that was what I heard so they have no choice but to keep it. It is indeed haunted. If you drive past that house at night, it gives an eerie feeling.:eek:The following is an extract of the newspaper interview with Mr Howard Cashin when he and the newspaper team visited the place in 2002.
It was in October 2002, Mr Cashin and The New Paper team visited the Matilda house again. Mr Cashin was quite shocked by seeing its present state, and he confessed to being 'a little shaken' at seeing it in its present state.

The glorious past

The dilapidated framework and red corrugated roof don't do any justice to its glorious past. It had a red-tiled roof and pristine white-washed walls then. It was a sprawling, single-storey, six-bedroomed bungalow with servants quarters attached, stables on the side and set in orchards which had mangosteen, durian and rambutan trees.

Manicured lawns, tropical blooms, clipped hedges lay to the front with neat tennis courts to the sides. And a long staircase ran down the garden - which was on several levels - to the sandy beach, which was a mere 200m away. Even this was not all of it. The Cashin family owned about 350 hectares of land in the area on which there were also rubber and coconut plantations.

'The last time I came here was about 10 years ago,' said Mr Cashin, looking mildly upset. His first memories of Matilda House date to the time he was about 4 years old. The Cashin family, originally from Ireland and one of the oldest to have settled in Singapore, owned several other houses here. Mr Cashin was born in their mansion in Haig Road, now no longer in existence. There was also a house on Grange Road and another in Sarimbun. In addition, the family owned other properties, including about 400 shop-houses all over the island.

'It was my grandfather, Joseph William Cashin, who made the money,' he explained. Once a lawyer's clerk, his grandfather invested in opium farms - legal in the 1880s - and made a fortune there before investing in real estate. Cashin Street, off North Bridge Road, was named after him. 'My father followed suit, but without benefit of the opium,' quipped Mr Cashin. 'He built Matilda House, and my memories of Singapore as a small boy revolve vastly around it. We could swim in the sea, but in pagars (a swimming enclosure in the sea) to keep out sharks or the occasional crocodile which would appear.'

Mr Cashin later became one of this country's best-known legal eagles, and was a sparkling personality and somewhat controversial figure on the sports scene. The long-time president of the Singapore Rugby Union played on the Singapore Cricket Club rugby team and also captained its cricket team for several years. But he had left Singapore at 7 to go to school in England. And stayed there for 11 years, going later to Oxford University (http://en.wikipedia.org/wiki/Oxford_University) where he shone at cricket (http://en.wikipedia.org/wiki/Cricket) and rugby (http://en.wikipedia.org/wiki/Rugby_football) and qualified as a lawyer.

'I had some happy days at Matilda House when I returned just before the war,' he said. 'Then went off again.' He spent much of the war in the Indian Army, stationed at the north-east frontier. He said matter-of-factly: 'Those places they mention in Afghanistan these days... they are all familiar to me.' Immediately after, he returned to England, was called to the Bar in London and came back here to practise as a lawyer.

'I was also newly-married then,' he said. 'And we set up home in Matilda House.' Those halcyon days, when he was a 'workaholic lawyer', avid sportsman, young husband and father were evidently the happiest. His two children from that first marriage - Mary, now 48 and Charles, now 46 - spent their first years in the house. Later his brother, Mr Joseph Cashin, also a prominent lawyer here, took over the house with their mother and sister.

They were asked to leave about 10 years ago and the house has lain empty, falling slowly into ruin.

Mr Cashin himself had left Singapore by the late 1980s, settling in Italy with his second wife. But when that marriage was over, he returned here, to Murphy and Dunbar, the old law firm he'd been a partner in. It was dissolved in 1996 and he started his own firm. He is only semi-retired now, still taking the odd case. And is now married to Lily Cashin - also a lawyer. They now have their law firm together. And with his siblings and children all living abroad, he's the only Cashin left in Singapore now.

Seeing Matilda House after all these years was an emotional experience.

There's regret at the state of disrepair it has fallen into, but that's tinged with a measure of satisfaction. He said: 'I'm happy that the house will still be standing. But I hope it will be used well.'

Armstrong
08-09-11, 22:11
Each time they try to tear the house down, something bad happens, that was what I heard so they have no choice but to keep it. It is indeed haunted. If you drive past that house at night, it gives an eerie feeling.:eek:

Is this true? Who can confirm?
If yes, who will want to buy or dare to buy? Lucky people buy liao become unlucky, bad fengshui leh! :confused:

Regulators
08-09-11, 22:30
Bro, I used to stay in punggol years back.
Is this true? Who can confirm?
If yes, who will want to buy or dare to buy? Lucky people buy liao become unlucky, bad fengshui leh! :confused:

devilplate
08-09-11, 23:09
Each time they try to tear the house down, something bad happens, that was what I heard so they have no choice but to keep it. It is indeed haunted. If you drive past that house at night, it gives an eerie feeling.:eek:
I tot ura stated specifically tat tat bungalow hse must be conserved when they put up the land for tender?

Armstrong
08-09-11, 23:13
Bro, I used to stay in punggol years back.

hmm.. u may be right. I just do a search and found the following link talk about this matilda house, sound scary :scared-3:

http://forum.punggol.org/index.php?topic=2895.0

ecimbew
08-09-11, 23:15
prices of 775sf two bedr starting at $907psf for stacks released. $907psf units are on second floor, facing pool. Every floor increase by $4psf. The 2+1 starting at $896psf not very far from 2 bedr. Pricing not very attractive imo, what do you guys think?

Bros, u guys are amazing!

bargain hunter
09-09-11, 02:14
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2502C5EFDF502833482579050031471D/$file/Press.Release-Launch.of.A.Treasure.Trove.pdf?openelement

its already launched. 866psf average? showflat opened every day from 9th sep 10am to 7pm.

bargain hunter
09-09-11, 09:15
Meanwhile at a private condo project near Punggol MRT station, Sim Lian had found buyers for about 210 units at A Treasure Trove by 9.30pm yesterday. The average price is $866 psf.
Sim Lian released 300 of the total 882 units in the project under the first phase.
The condo project includes Matilda House, a conservation bungalow which Sim Lian will restore and turn into a clubhouse with facilities such as a function room, reading room, lounge and gymnasium.
Prices begin at $703,000 for a 775 sq ft two-bedder on the second floor. Units in the 16-storey project range from two bedders to four bedders (up to 1,658 sq ft). There are also 42 penthouses (1,528-4,876 sq ft).
The relatively strong sales at A Treasure Trove reflect its competitive pricing, say market watchers.
One stop closer to town, near Sengkang MRT/LRT stations, a bus interchange and Compass Point mall, Keppel Land has been selling units at The Luxurie since Aug 26 at an average price of $980 psf. As of Monday, it had found buyers for about 180 units.
A seasoned property consultant attributed the higher price for The Luxurie to the fact that it is closer to the MRT station and amenities. 'Both Luxurie and A Treasure Trove have done reasonably well given the current uncertain global economic climate and the potential supply in the Punggol, Sengkang and Buangkok location,' he added.

DC33_2008
09-09-11, 09:23
Not bad for a start at the Treasure T. People staying there may buy this one.
Meanwhile at a private condo project near Punggol MRT station, Sim Lian had found buyers for about 210 units at A Treasure Trove by 9.30pm yesterday. The average price is $866 psf.
Sim Lian released 300 of the total 882 units in the project under the first phase.
The condo project includes Matilda House, a conservation bungalow which Sim Lian will restore and turn into a clubhouse with facilities such as a function room, reading room, lounge and gymnasium.
Prices begin at $703,000 for a 775 sq ft two-bedder on the second floor. Units in the 16-storey project range from two bedders to four bedders (up to 1,658 sq ft). There are also 42 penthouses (1,528-4,876 sq ft).
The relatively strong sales at A Treasure Trove reflect its competitive pricing, say market watchers.
One stop closer to town, near Sengkang MRT/LRT stations, a bus interchange and Compass Point mall, Keppel Land has been selling units at The Luxurie since Aug 26 at an average price of $980 psf. As of Monday, it had found buyers for about 180 units.
A seasoned property consultant attributed the higher price for The Luxurie to the fact that it is closer to the MRT station and amenities. 'Both Luxurie and A Treasure Trove have done reasonably well given the current uncertain global economic climate and the potential supply in the Punggol, Sengkang and Buangkok location,' he added.

kane
09-09-11, 10:08
210 units sold? Lots of punggol upgraders it seems.

ecimbew
09-09-11, 10:30
I predict the 300 units will be completely sold by end of this week. This is probably he most sought-after project in 2011. Crowded!!!

kane
09-09-11, 10:38
How many units does this project have again?

ecimbew
09-09-11, 10:49
How many units does this project have again?

882 units but Sim Lian released 300 for first phase...
Sold 210 within hours
It's in the article that bargain hunter posted lah.

pod
09-09-11, 11:16
So anyone here bought? Full house yesterday at showroom!:D

I like the Matilda clubhouse concept. Very nice site design. Evenly spread water features around the condo.

However understand that carpark is less then the number of units. But I guess mostly willb tenanted?

Montaigne
09-09-11, 11:18
So anyone here bought? Full house yesterday at showroom!:D

I like the Matilda clubhouse concept. Very nice site design. Evenly spread water features around the condo.

However understand that carpark is less then the number of units. But I guess mostly willb tenanted?
tempted, seriously..May visit showflat today. But m not those impulsive kind, so may observe for awhile first. Is it wise to buy one bedder here for investments? Or two bedders better?

DC33_2008
09-09-11, 11:19
I thought this place is mainly owner-occupied.
So anyone here bought? Full house yesterday at showroom!:D

I like the Matilda clubhouse concept. Very nice site design. Evenly spread water features around the condo.

However understand that carpark is less then the number of units. But I guess mostly willb tenanted?

azeoprop
09-09-11, 11:20
A friend of mine bought a 2 bedroom unit by balloting yesterday. :D 210 units sold within 1 day is a feat not seen since more than a year ago. Priced to sell! Buy Buy Buy!

:D

Montaigne
09-09-11, 11:21
I thought this place is mainly owner-occupied.

So I assume your advise is : For investment, dun buy this?

devilplate
09-09-11, 11:27
tempted, seriously..May visit showflat today. But m not those impulsive kind, so may observe for awhile first. Is it wise to buy one bedder here for investments? Or two bedders better?

2bdr better den 1

my main concern is the air pollution....even though i nvr smell anything whenever i was in punggol:beats-me-man:

DC33_2008
09-09-11, 11:29
Can tell from the type of units that has fierce balloting.
So I assume your advise is : For investment, dun buy this?

gav108
09-09-11, 11:57
good strategy by sim lian. packing 882 units in 296k sq ft area, big ac ledges plus drying ledges to bring down the price :D

kane
09-09-11, 11:58
A friend of mine bought a 2 bedroom unit by balloting yesterday. :D 210 units sold within 1 day is a feat not seen since more than a year ago. Priced to sell! Buy Buy Buy!

:D

Have to ballot?? Hmmm.

water
09-09-11, 12:06
Seemed that 2 bedroom rooms are popular. Have to ballot and stack 18 and 22 fully sold before 6pm yesterday. People are buying without seeing the showflats. Market still very hot!

ecimbew
09-09-11, 12:31
Azeoprop, r u taking photos?

dtrax
09-09-11, 12:43
Many upgraders confirm + chop one. Especially those bot HDB during 2003 or earlier, the prices already like almost double. Not to mentioned another decade of savings till TOP. Profile of punggolers also have many young families, some with and without children. And to throw in <1k psf near MRT, it has all the ingredients to make sim lian laugh to the bank

p3nboy
09-09-11, 13:20
make sim lian laugh to the bank

I am confused, why so many ppl paying $900psf for 25-30% of the total area under balcony, a/c ledge, yard???:doh:

http://atreasuretrove.org/floorplan/

bargain hunter
09-09-11, 13:26
not bad liao lah, compared to some of the other new launches.


I am confused, why so many ppl paying $900psf for 25-30% of the total area under balcony, a/c ledge, yard???:doh:

http://atreasuretrove.org/floorplan/

ysyap
09-09-11, 13:28
I am confused, why so many ppl paying $900psf for 25-30% of the total area under balcony, a/c ledge, yard???:doh:

http://atreasuretrove.org/floorplan/Coz last time it was 30 - 35% of total area under balcony, a/c ledge, yard as well as baywindows! :doh: Now better already! :D

Lovelle
09-09-11, 13:29
I am confused, why so many ppl paying $900psf for 25-30% of the total area under balcony, a/c ledge, yard???:doh:

http://atreasuretrove.org/floorplan/

how many development that has full efficient use of space nowadays ?
Last 5 development i saw, i found none has no a/c ledge, yard or balcony...

p3nboy
09-09-11, 13:42
Coz last time it was 30 - 35% of total area under balcony, a/c ledge, yard as well as baywindows! :doh: Now better already! :D

I just cant wait to see the expression of the owner when they walk into the TOP unit. Is this the reason for slow subsale?

ysyap
09-09-11, 13:45
how many development that has full efficient use of space nowadays ?
Last 5 development i saw, i found none has no a/c ledge, yard or balcony...a/c ledge is as good as compulsory and its very economical to build so developers will take advantage of that by building huge a/c ledge. However, balconies and yards are redundant at times. I know of OCR projects that build a variety of units, i.e. in the same stack, some come with balcony at living room, some in the master bedroom and some has no balconies at all. This allows buyers to choose if they are willing to pay for that extra space. This should be the way to go! :cheers1:

Regulators
09-09-11, 14:35
Buy high, have to wait, can't collect rental, have to start paying mortgage, no deferred payment and still got so many siao kao rushing to showflat and buying :doh:

linchong84
09-09-11, 14:57
Cant believe you guys somehow manage to still find fault with this. When H2O, forestkill, seastrand etc etc launched at 850 to more than 1000 psf, you all say location not near MRT, no go.. This one is 250m away from MRT and a future giant mall.. And their 4 bedder 2nd floor starts from around 810psf.. 3 bedder a little higher.. 2 bedder 900.. Definitely deal of the year..

DC33_2008
09-09-11, 15:00
Air-con ledge is even larger than the the common toilet. Why so big?
I am confused, why so many ppl paying $900psf for 25-30% of the total area under balcony, a/c ledge, yard???:doh:

http://atreasuretrove.org/floorplan/

devilplate
09-09-11, 15:01
I just cant wait to see the expression of the owner when they walk into the TOP unit. Is this the reason for slow subsale?
Have u been to other showflats?
I m surprised tat u r unhappy wif the layout.....lol

Last time got baywindows and planter box....can u imagine planter box surrounding the balcony or even outside each baywindows.....disgusting till max....hahaha.....take a look at lincoln suites and aristo and u will appreciate this layout....whahahahah

devilplate
09-09-11, 15:04
Air-con ledge is even larger than the the common toilet. Why so big?
Not really out of proportion la....

Some mm got ac ledge way out of proportion...lol

DC33_2008
09-09-11, 15:05
It is compulsory but is there a CoP on ac ledges.
a/c ledge is as good as compulsory and its very economical to build so developers will take advantage of that by building huge a/c ledge. However, balconies and yards are redundant at times. I know of OCR projects that build a variety of units, i.e. in the same stack, some come with balcony at living room, some in the master bedroom and some has no balconies at all. This allows buyers to choose if they are willing to pay for that extra space. This should be the way to go! :cheers1:

devilplate
09-09-11, 15:07
Cant believe you guys somehow manage to still find fault with this. When H2O, forestkill, seastrand etc etc launched at 850 to more than 1000 psf, you all say location not near MRT, no go.. This one is 250m away from MRT and a future giant mall.. And their 4 bedder 2nd floor starts from around 810psf.. 3 bedder a little higher.. 2 bedder 900.. Definitely deal of the year..
Among mass market launches, this one and 8cy and euhabitat quite ok pricing

The worst so far is tg...hehe

devilplate
09-09-11, 15:08
It is compulsory but is there a CoP on ac ledges.
Do u mean cap? There is guideline....not really a cap...u can build long long ac ledge but width mustnt exceed 1m i tink...read somewhr before

DC33_2008
09-09-11, 15:13
I meant Code of Practice or safety standards to be certain size so it can be maintained or replaced easily.
Do u mean cap? There is guideline....not really a cap...u can build long long ac ledge but width mustnt exceed 1m i tink...read somewhr before

pod
09-09-11, 15:14
tempted, seriously..May visit showflat today. But m not those impulsive kind, so may observe for awhile first. Is it wise to buy one bedder here for investments? Or two bedders better?

If I am not wrong, they only have 2bedder minimum. No 1 bed type :D

linchong84
09-09-11, 15:16
Among mass market launches, this one and 8cy and euhabitat quite ok pricing

The worst so far is tg...hehe

In fact i think the attractiveness of 8CY and euhabitat pale in comparison to this. Just a short distance away, fraser has a 1billion bucks commercial/residential land site that won't launch at cheap prices assuming similar market conditions..

This one is really quite good liao lah.. Got mrt, got super big mall, got future expensive neighbour to push its prices up.. What else you all want hahaha..

devilplate
09-09-11, 15:17
I meant Code of Practice or safety standards to be certain size so it can be maintained or replaced easily.
So u trying to say ac ledge cannot be too small?

Nvr heard of this.....u see hdb flats, just nid a bracket to support the compressor and dun even nid a ledge:beats-me-man:

water
09-09-11, 15:17
one picture of the club house (maltida house) to share!

http://img16.imageshack.us/img16/6309/hses.jpg

pod
09-09-11, 15:22
Asumming economic condition remain stable, I think if buyers have spare cash can buy this development.

Cos like it or not, the punggol hype & new activities eg. golf d range, Al fresco eateries, futsal, billard saloon, sports hub, water activies etc etc build along the waterway will surely more or less prime the area's valuation in the near future.

Anyway, amongst all the ECs, Condos launch in the vicinity, this one has gotto be the most potential. If not rest can go fly kite liao.:spliff:

devilplate
09-09-11, 15:25
In fact i think the attractiveness of 8CY and euhabitat pale in comparison to this. Just a short distance away, fraser has a 1billion bucks commercial/residential land site that won't launch at cheap prices assuming similar market conditions..

This one is really quite good liao lah.. Got mrt, got super big mall, got future expensive neighbour to push its prices up.. What else you all want hahaha..
Punggol is super hot....recently tat ulu piece of land attracted 8bidders and not even near mrt!

Regulator mentioned severe air pollution in punggol and he stayed there before:beats-me-man:

p3nboy
09-09-11, 15:29
Have u been to other showflats?
I m surprised tat u r unhappy wif the layout.....lol

Last time got baywindows and planter box....can u imagine planter box surrounding the balcony or even outside each baywindows.....disgusting till max....hahaha.....take a look at lincoln suites and aristo and u will appreciate this layout....whahahahah

No need to go showflats, i can read the floorplan very well. I can share with you which stack has good fengshui also. ATT is definitely better than Miltonia for sure. I am just puzzle that buyers are willingly spread their legs for the developers.....:D

devilplate
09-09-11, 15:33
No need to go showflats, i can read the floorplan very well. I can share with you which stack has good fengshui also. ATT is definitely better than Miltonia for sure. I am just puzzle that buyers are willingly spread their legs for the developers.....:D
Den the more i m surprised tat u r surprised/puzzled?:confused:

Unless u r puzzled tat recent financial turmoil got zero effect on our ppty market

Regulators
09-09-11, 15:34
Did you grab a unit at trove?
In fact i think the attractiveness of 8CY and euhabitat pale in comparison to this. Just a short distance away, fraser has a 1billion bucks commercial/residential land site that won't launch at cheap prices assuming similar market conditions..

This one is really quite good liao lah.. Got mrt, got super big mall, got future expensive neighbour to push its prices up.. What else you all want hahaha..

linchong84
09-09-11, 15:36
Punggol is super hot....recently tat ulu piece of land attracted 8bidders and not even near mrt!

Regulator mentioned severe air pollution in punggol and he stayed there before:beats-me-man:

I think the problems are more on the eastern side.. This one is more on the south western side just beside sengkang, shouldn't be a problem?

Punggol is hot but surprisingly the prices are low.. Other than the 1billion bid, the rest including ECs have been sluggish.. ATT is the best example.. Where to find so cheap beside MRT/big mall in singapore?

Sim Lian is trying to be funny, maybe trying to steal headlines in media.. First they launch a crazy high price for the DBSS to the point KBW has to blog it.. Now they launch this at low low price that also surprise the market..

Should sack their pricing department..

p3nboy
09-09-11, 15:40
Unfortunately, new launches in the past 2 yrs are like that. Just look at the P&L of developers.

devilplate
09-09-11, 15:42
So lets go down and buy a few units each neow!:D

linchong84
09-09-11, 15:45
one picture of the club house (maltida house) to share!

http://img16.imageshack.us/img16/6309/hses.jpg

deliberately shape this as a cross.. to ward off evil spirits.. matilda house ying energy too strong..

p3nboy
09-09-11, 15:45
So lets go down and buy a few units each neow!:D

when are going to release more units?

dtrax
09-09-11, 16:14
Have u been to other showflats?
I m surprised tat u r unhappy wif the layout.....lol

Last time got baywindows and planter box....can u imagine planter box surrounding the balcony or even outside each baywindows.....disgusting till max....hahaha.....take a look at lincoln suites and aristo and u will appreciate this layout....whahahahah

Ya lor u all danm kua zhang leh haha.. this one not bad lar. AC ledge big abit only at least from paper.
Deal of the yr confirm, so rosy, mrt near near, mall near near, 900 psf got mall mrt, brand new launch where to find. Mai hiam buay pai, ai tio dtai mai kao pei.. pple stay in punggol got cash from HDB and so much savings, they are simply unstoppable

ecimbew
09-09-11, 16:21
Have u been to other showflats?
I m surprised tat u r unhappy wif the layout.....lol

Last time got baywindows and planter box....can u imagine planter box surrounding the balcony or even outside each baywindows.....disgusting till max....hahaha.....take a look at lincoln suites and aristo and u will appreciate this layout....whahahahah

Or worse planter boxes outside bay window of toilets and then beyond is a/c ledge that stretches to the edge of bedroom window.

ecimbew
09-09-11, 16:26
one picture of the club house (maltida house) to share!

http://img16.imageshack.us/img16/6309/hses.jpg

It's nice except that ball but I think it's more because of Feng Shui.

Lovelle
09-09-11, 16:39
Buy high, have to wait, can't collect rental, have to start paying mortgage, no deferred payment and still got so many siao kao rushing to showflat and buying :doh:

interest low low, that's why they pay and pay. What interest scheme are the banks offering ?

hyenergix
09-09-11, 16:40
One of e best value for $ projects if u r an upgrader n wants to stay ard North East. I have no complain as its pricing is quite low. But muz buy with holding power bcoz i think next year will quite challenging for Singapore. In other words pls dun firesale n sabo e rest of us w pte properties.

azeoprop
09-09-11, 17:11
Some lousy shots taken with my cheapo nokia phone. :o

ecimbew
09-09-11, 17:17
Some lousy shots taken with my cheapo nokia phone. :o

You are the man!

buttercarp
09-09-11, 19:20
One of e best value for $ projects if u r an upgrader n wants to stay ard North East. I have no complain as its pricing is quite low. But muz buy with holding power bcoz i think next year will quite challenging for Singapore. In other words pls dun firesale n sabo e rest of us w pte properties.

I think the 4y SSD, in a way is good cos the buyers are more or less genuine so I don't think there will be much fire sale even if the economy is challenged.

Regulators
09-09-11, 19:55
Your enthusiasm tells me you bought a unit at trove :D
Some lousy shots taken with my cheapo nokia phone. :o

azeoprop
09-09-11, 20:04
Your enthusiasm tells me you bought a unit at trove :D

Sorry not enough vitamin M... :o

ysyap
09-09-11, 21:04
Azeoprop is the unofficial cameraman for CondoSingapore. Cheers and well done on all the photos of BUC you've taken so far even though you have no purchase in those projects! Good job! :cheers1:

Regulators
09-09-11, 21:37
Bro, you too modest liao :D
Sorry not enough vitamin M... :o

Laguna
09-09-11, 22:01
For SL, since years back, they always come with a bigger open yard at the back....
and also, they have the cheapest showflat in the market as well....everything mock up...cannot open.....all the wallrobe....kitchen cabinet...not sure whether is it the same for this project....

azeoprop
09-09-11, 22:38
For SL, since years back, they always come with a bigger open yard at the back....
and also, they have the cheapest showflat in the market as well....everything mock up...cannot open.....all the wallrobe....kitchen cabinet...not sure whether is it the same for this project....

Yah I tried to open the wardrobe but cannot open haa haa. :doh:

bargain hunter
09-09-11, 23:20
in fact, their floor plan is rather standard with some variations regardless of east, west or north, CCR or OCR.

I found floor plans of Carabelle, Amery, Lincoln Resi, Rochelle at Newton, Waterview, this ATT and a few others all very similar.




For SL, since years back, they always come with a bigger open yard at the back....
and also, they have the cheapest showflat in the market as well....everything mock up...cannot open.....all the wallrobe....kitchen cabinet...not sure whether is it the same for this project....

gav108
10-09-11, 00:08
not bad liao lah, compared to some of the other new launches.


compared to which launches? saw the attached floor plan type D1. 3 big separate balconies plus an a/c ledge long enough to form an L shape?? :doh: And the yard area is just corridor space - totally wasted. n the study room is terribly tiny. n i heard sim lian finishing quite bad. true or not?

kingkong1984
10-09-11, 00:41
Dun worry, sell before TOP lor...

wkang1970
10-09-11, 00:54
One of e best value for $ projects if u r an upgrader n wants to stay ard North East. I have no complain as its pricing is quite low. But muz buy with holding power bcoz i think next year will quite challenging for Singapore. In other words pls dun firesale n sabo e rest of us w pte properties.

U think the pricing is quite low? this means your mind have been conditioned by the market, this type of pricing in 2 years ago in punggol, everyone will :scared-4: .

Anyway, hearding from the news, CapitaLand CEO wanted govt to relax property tightening rules (http://forum.channelnewsasia.com/viewtopic.php?t=461835&start=10&postdays=0&postorder=asc&highlight=), look like there is a oversupply soon.... and soon may have fire-sales everywhere...

Really dunno these buyers committed past 2 days are lucky or unlucky....

at first, only US and europe banks have retrenchment, now even HSBC HK also going to layoff 3000 staff, I never expect asia bank will do that, but is coming...:doh:

yjcai
10-09-11, 01:07
optimistic firesale view.
My feelings tell me capital inflow continues to come and locals continue to buy based on bargain hunting and low interest rate due to inflationary decade. It takes a lot of factors to create firesale scenario

kingkong1984
10-09-11, 01:12
with SSD, those who bought cry@~

fclim
10-09-11, 01:30
U think the pricing is quite low? this means your mind have been conditioned by the market, this type of pricing in 2 years ago in punggol, everyone will :scared-4: .
Anyway, hearding from the news, CapitaLand CEO wanted govt to relax property tightening rules (http://forum.channelnewsasia.com/viewtopic.php?t=461835&start=10&postdays=0&postorder=asc&highlight=), look like there is a oversupply soon.... and soon may have fire-sales everywhere...

Really dunno these buyers committed past 2 days are lucky or unlucky....

at first, only US and europe banks have retrenchment, now even HSBC HK also going to layoff 3000 staff, I never expect asia bank will do that, but is
coming...:doh:

What's the point in comparing with 2 years ago when affordability is what matters. 2 years ago situation was also different. Might as well compare to 10 years ago then, when prices were only $500psf.

You are so naive to believe these developers. They are only afraid that their Bishan plot cannot launch at high high price. Interlace and Dleedon not selling as well as others too.

If developers can't stomach the relentless supply, then don't bid lah. Government will get the message like in HK. Why bid high high and then ask government to restrict supply so that they can continue to sell high high?

ysyap
10-09-11, 07:09
Therefore the plot near to Buangkok MRT was recently sold for less than $300 psf. That developer haut ah! :D

hyenergix
10-09-11, 07:11
U think the pricing is quite low? this means your mind have been conditioned by the market, this type of pricing in 2 years ago in punggol, everyone will :scared-4: .

Anyway, hearding from the news, CapitaLand CEO wanted govt to relax property tightening rules (http://forum.channelnewsasia.com/viewtopic.php?t=461835&start=10&postdays=0&postorder=asc&highlight=), look like there is a oversupply soon.... and soon may have fire-sales everywhere...

Really dunno these buyers committed past 2 days are lucky or unlucky....

at first, only US and europe banks have retrenchment, now even HSBC HK also going to layoff 3000 staff, I never expect asia bank will do that, but is coming...:doh:

You have to look at the potential of near to MRT and mall. Many people value time a lot, so they will not want to waste too much time changing buses or walking to get to their destination or shop for daily necessities. The extra time can be spent on more meaningful things in life. This is more so in future when competition is fiercer with more qualified FT and employers expect more work productivity from the workers.

Rosy
10-09-11, 08:38
Recent launches shows that prices had stabilised if not corrected slightly

Rosy
10-09-11, 08:40
Therefore the plot near to Buangkok MRT was recently sold for less than $300 psf. That developer haut ah! :D
Is there a plot near to bk mrt?

cl0ver
10-09-11, 08:48
You have to look at the potential of near to MRT and mall. Many people value time a lot, so they will not want to waste too much time changing buses or walking to get to their destination or shop for daily necessities. The extra time can be spent on more meaningful things in life. This is more so in future when competition is fiercer with more qualified FT and employers expect more work productivity from the workers.

This is true but remember that Punggol is not central. If your kids eventually go to local Uni, it is still far and involve travelling time. If you work in Jurong, also same thing....
If you are semi-retired, then this location is ok with lots of river parks, etc....
I think its good for young families, but if you are mid 30s to 40s with cash, i would definitely move somewhere else...

kane
10-09-11, 09:36
This is true but remember that Punggol is not central. If your kids eventually go to local Uni, it is still far and involve travelling time. If you work in Jurong, also same thing....
If you are semi-retired, then this location is ok with lots of river parks, etc....
I think its good for young families, but if you are mid 30s to 40s with cash, i would definitely move somewhere else...

there are those who grew up in jurong and will look around jurong for an apt. likewise, punggol will have it's niche group. just that you and me probably aren't part of that niche group.

ureshiman
10-09-11, 09:45
Wat I like abt sim lian projects r their workmanship, low monthly maintenance and efficient layout....they may not be the best but is one of the better ones after looking at few other completed projects by other developers

kane
10-09-11, 10:38
are those teaser rates or are their site planned with minimal maintenace in mind?

devilplate
10-09-11, 10:55
This is true but remember that Punggol is not central. If your kids eventually go to local Uni, it is still far and involve travelling time. If you work in Jurong, also same thing....
If you are semi-retired, then this location is ok with lots of river parks, etc....
I think its good for young families, but if you are mid 30s to 40s with cash, i would definitely move somewhere else...

every location has a price tag lah

if punggol is central u tink will sell at 900psf meh?

so now we shd argue whether the pricing for this project is fair anot...

if u tink its not fair, pls state ur supporting reasons

devilplate
10-09-11, 10:59
are those teaser rates or are their site planned with minimal maintenace in mind?

those rates r quoted without any sinking fund.....on the 2nd yr onwards when residents takeover as the MC, den maint fee will up by 50-100(sinking fund)

very normal.....

azeoprop
10-09-11, 11:13
every location has a price tag lah

if punggol is central u tink will sell at 900psf meh?

so now we shd argue whether the pricing for this project is fair anot...

if u tink its not fair, pls state ur supporting reasons

Pricing is fair for the current market conditions. At 900psf and 250m from MRT, megamall and waterfront living where to find? :D
Punggol in 2015 will be totally different from the punggol in the past 10 years. Every bto in the past 2 yrs in punggol all oversubscribed by many times.

mantrix
10-09-11, 11:17
every location has a price tag lah

if punggol is central u tink will sell at 900psf meh?

so now we shd argue whether the pricing for this project is fair anot...

if u tink its not fair, pls state ur supporting reasons

having said that, Clover by the park not exactly central also leh....but asking 1300psf :tongue3:

this is near MRT, mall, though in heartlands, but easily accessible to city via KPE and airport.

I won't go for it but i do think the pricing is very attractive to upgraders in current market sentiment

phantom_opera
10-09-11, 11:17
Pricing is fair for the current market conditions. At 900psf and 250m from MRT, megamall and waterfront living where to find? :D
Punggol in 2015 will be totally different from the punggol in the past 10 years. Every bto in the past 2 yrs in punggol all oversubscribed by many times.

900psf is really rock bottom price for something next to MRT and upcoming facilities ... small size also make it affordable ... nowadays property is sold small small to make it "tradable" lol

imo, CAPL will have hard time selling Bishan @ 1.5kpsf

linchong84
10-09-11, 13:04
Therefore the plot near to Buangkok MRT was recently sold for less than $300 psf. That developer haut ah! :D

more than 1km away is not really near..

DC33_2008
10-09-11, 13:11
Understand this area does not have much amenities before. People will bite if there is a big mall, near bus terminal and mrt even though they have to pay a higher premium for it.
You have to look at the potential of near to MRT and mall. Many people value time a lot, so they will not want to waste too much time changing buses or walking to get to their destination or shop for daily necessities. The extra time can be spent on more meaningful things in life. This is more so in future when competition is fiercer with more qualified FT and employers expect more work productivity from the workers.

linchong84
10-09-11, 13:21
A lot of you posted things like 2 years ago this price is crazy, etc etc.. This is senseless talk because you could have copied the statement and paste it on every single development thread now.. The question now is whether this price at this location at this current market is good or not..

This development doesn't have a 1 bedder so obviously it is more targeted at self-stay instead of rental.. For self-stay, they can afford now so why shouldn't they upgrade? Why will SSD affect them when they do not need to sell in the next few years? If they wait, will they be able to get a new development beside MRT and megamall at this price? The 1billion site will sell at 800-900psf and lose money? Definitely no because frasers will just hold and launch when market turns good, or just launch before market turns bad..

Some might suggest 2 years later kio subsale of ATT at a cheaper price.. 1st thing is will it be likely? Chances are very low and even if market really plunge, what are the chances of finding owners who sell at a lower price cum kena SSD?

For self-stay, price right just buy.. For investment, even if market plunges, the buyer can hold it easily given expected next few years low i/r and low quantum.. Hold till punggol central developments and megamall all up, this thing sure rock..

Anyway I didn't and havent buy.

DC33_2008
10-09-11, 13:33
Property with certain niches such as proximity to shopping mall, mrt, canal/lokang, reservior, bay view, etc, attract buyers. Can consider if one has spare cash and can hold till TOP. :cool:

kane
10-09-11, 13:52
That's why I stopped judging whether this or that property is good. If they like the area and not overstretching themselves, I'd say go for it. My friend asked me what's the potential of viva. I say at 1400psf, what's the upside? How wrong was I.

ecimbew
10-09-11, 14:00
That's why I stopped judging whether this or that property is good. If they like the area and not overstretching themselves, I'd say go for it. My friend asked me what's the potential of viva. I say at 1400psf, what's the upside? How wrong was I.

Well, I don't understand why. Viva is underpriced. Look at it's proximity to orchard. D11 is cheaper than D15!

GForce
10-09-11, 14:01
Upside potential seems to outweigh the pollution issue here for this project.
However REDAS just requested MR Khaw to review CM for the coming months. Do they know something we don't?
To buy or not To buy???????:doh:

ccc
10-09-11, 14:01
Hi everyone,

Anyone know how many units have been sold so far?
Any discounts/freebies from Sim Lian?

My parents may be looking at 2 bedroom at this project for self stay.
Which are the good stacks huh?
Also, any good tie up home loans from banks there?

Hope to find out more information before going down with them for a look!
TIA! :)

ecimbew
10-09-11, 14:05
Pricing is fair for the current market conditions. At 900psf and 250m from MRT, megamall and waterfront living where to find? :D
Punggol in 2015 will be totally different from the punggol in the past 10 years. Every bto in the past 2 yrs in punggol all oversubscribed by many times.

900psf in Punggol... It was unheard of but it's THE norm now. We are all primed and conditioned. Anything lower than 900psf is a sell-out.
ATT has just sold 350 units according to today's Straits Times article.

kane
10-09-11, 14:08
Well, I don't understand why. Viva is underpriced. Look at it's proximity to orchard. D11 is cheaper than D15!

A little less than that can only get far flung places nowadays. Plus it has a small mall and mrt near buy. But when it was first launched, it didn't look that cheap.

DC33_2008
10-09-11, 14:10
We shall see which is the star development in terms of sales volume in this month. Development in Lot 1 near Bukit Panjang already selling more than this. :doh:
900psf in Punggol... It was unheard of but it's THE norm now. We are all primed and conditioned. Anything lower than 900psf is a sell-out.
ATT has just sold 350 units according to today's Straits Times article.

ecimbew
10-09-11, 14:13
By the ATT's 2 bedders' layout is interesting.

Bathrooms are attached to both rooms!

http://punggolnewlaunch.files.wordpress.com/2011/09/typeb1_915sqft.jpg

http://punggolnewlaunch.files.wordpress.com/2011/09/typea2_775sqft.jpg

http://jacksheo.files.wordpress.com/2011/09/a-treasure-trove-site-plan.jpg

kane
10-09-11, 14:14
So we going to get 1800 units including EC sold in September?

shauntanzs
10-09-11, 14:16
Wat I like abt sim lian projects r their workmanship, low monthly maintenance and efficient layout....they may not be the best but is one of the better ones after looking at few other completed projects by other developers

Sim Lian has one of the worse workmanship!
They are reputable to use extremely cheap stuff to save cost.
Look at waterview, how on earth can they use solid top to make a sink instead or standard stainless steel? U can check with owners from Carabelle, CoP, Premiere etc

DC33_2008
10-09-11, 14:17
Good for rental with each bedroom having a bathroom. Can even rent out the third room (HS) with the toilet in the yard at a reduced rent..

ecimbew
10-09-11, 14:26
Sim Lian has one of the worse workmanship!
They are reputable to use extremely cheap stuff to save cost.
Look at waterview, how on earth can they use solid top to make a sink instead or standard stainless steel? U can check with owners from Carabelle, CoP, Premiere etc

Carabelle looks ok
http://www.singaporeexpats.com/singapore-property-pictures/condo/carabelle.htm

The Pearl at Mount Faber looks not bad
http://www.singaporeexpats.com/singapore-property-pictures/condo/the-pearl-at-mount-faber.htm

buttercarp
10-09-11, 14:30
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.

ecimbew
10-09-11, 14:31
Good for rental with each bedroom having a bathroom. Can even rent out the third room (HS) with the toilet in the yard at a reduced rent..

I think it's good for those staying with elderly parents.

ecimbew
10-09-11, 14:32
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.

Super crowded means no one will bother me! Yes, heading down soon.

buttercarp
10-09-11, 14:35
I think it's good for those staying with elderly parents.

Too small for 3 tier family.