Which condominum project has the biggest gain factor in 2008?

[hayata1972]

I say Tanjong rhu. Especially Costa rhu, Sanctuary green and Waterplace. Why? because the first Singapore icon<Singapore flyer> will be completed before 2008 Chinese new year. After that, the formation of Gardens at Marina bay will be done before the completion of Marina sands casino. The main point, i am trying to make is that, the prices of these 3 condominium projects are the most resonable for the potential area they are situated in. :p

[hayata1972]

Undervalued is Tanjong rhu. That is the true underdog now. Come 2008, this prediction will be reality. :p

[disneyland SG]

Last but not least, don't forget the disney factor.

"Marina East could be home to Disneyland"

LHZB (p1) reported that according to reliable sources, the Singapore government is currently in talks with Walt Disney and if all goes well, the magical castles of Mickey Mouse will be found in Marina East.

Three months ago, Malaysia invited Walt Disney to set up a Disneyland in Malaysia. However, the Walt Disney spokesperson has revealed that they have no intentions to develop the theme park in Malaysia. In the case of Singapore, Walt Disney has had plans to set up a theme park here since the 1990s. This is because our working language is English and we are the hub of Southeast Asia.

Sources also revealed that the government has recommended a site beside Marina Bay Golf Course for the development of Disneyland. The scale of the development will be similar to the 70ha Tokyo Disneyland.

--------------------------------------------------------------------------------
Last edited by ignoramus : September 7th, 2006 at 05:48 AM.

[Unregistered]

I say Tanjong rhu. Especially Costa rhu, Sanctuary green and Waterplace. Why? because the first Singapore icon<Singapore flyer> will be completed before 2008 Chinese new year. After that, the formation of Gardens at Marina bay will be done before the completion of Marina sands casino. The main point, i am trying to make is that, the prices of these 3 condominium projects are the most resonable for the potential area they are situated in. :p
Hi hayata1972,
Need to check with you something. The piece of empty land between Costa rhu and Sanctuary green, is it going to be developed? Very curious. Also this speculation about disneyland is very exciting. If it comes true, tanjong rhu will become top spot in SG without a doubt.

[Bukit timah]

Everyone is talking about prime, sub-prime, east coast, sentosa, but bukit timah area has not started yet. There are many underpriced gems in bukit timah.

[Registered]

Everyone is talking about prime, sub-prime, east coast, sentosa, but bukit timah area has not started yet. There are many underpriced gems in bukit timah.


Can help us by listing some of them?

[hayata1972]

Bukit timah? Hmmmm... Yes, i would also agree it is undervalued right now. But with so much hype in the Casino areas, the buzz does not seem to spread to that area. Wonder if there will be or when the media starts to mention that area. Bukit timah and East coast used to be the sub-prime area for foreign investors during the last few booms. Now, only East coast is part of the boom, because of its proximity to the marina sands IR.
Let me do some research on BT area. I will get back to you with some info.:doh:

[hayata1972]

Hi hayata1972,
Need to check with you something. The piece of empty land between Costa rhu and Sanctuary green, is it going to be developed? Very curious. Also this speculation about disneyland is very exciting. If it comes true, tanjong rhu will become top spot in SG without a doubt.

:scared-1: Very speculative about the disneyland factor. Not too sure about it though, but true that SG Gov proposed the golf area for disneyland :rolleyes: . :money-faced2: For the piece of land in-between Costa rhu and Sanctuary green,
if URA where to sell it, i will speculate it to be done by 3rd to 4th quater 2007. The launch price there will definately set the benchmark for Tanjong rhu.:luke-and-darth: Meyer VS Tanjong rhu is like comparing Belestier VS Novena.

[hayata1972]

Based on my research on Bukit timah, it has led to this conclusion. Upp bukit timah area, hillview area, jalan jurong kechil, southhaven area. I spot this 3 places. If you can get somewhere around there right now at a reasonal price, i will strongly suggest you guys look into it. Underpriced right now because of non-media coverage. It used to be a luxuary area, will be again very soon. :2cents: My 2 cents worth.

[2008 hmmmm....]

I agree with hayata1972 for 2008. Yes Tanjong rhu, because of the proximity to Marina IR and Upp Bukit timah because of the Bukit timah address. Also before you forget, there is still Balesiter. Balestier prices are still low compared with novena. What do you think?

[PropNe]

Based on my research on Bukit timah, it has led to this conclusion. Upp bukit timah area, hillview area, jalan jurong kechil, southhaven area. I spot this 3 places. If you can get somewhere around there right now at a reasonal price, i will strongly suggest you guys look into it. Underpriced right now because of non-media coverage. It used to be a luxuary area, will be again very soon. :2cents: My 2 cents worth.


Went to a forum on Friday evening. The CEO of one of the largest property agency said in the forum that District 21, which used to be no. 1 district in 1996, is history in this boom. Things have changed.

[Unregistered]

Based on my research on Bukit timah, it has led to this conclusion. Upp bukit timah area, hillview area, jalan jurong kechil, southhaven area. I spot this 3 places. If you can get somewhere around there right now at a reasonal price, i will strongly suggest you guys look into it. Underpriced right now because of non-media coverage. It used to be a luxuary area, will be again very soon. :2cents: My 2 cents worth.

The asking price for many of the units in the three areas that you mentioned had already gone up 25-35 % since Dec 2006. It is therefore an under statment to say prices in these area have not yet moved. Certainly, confirmation is needed from looking at actual caveats lodged in the last three months. Generally, there are two-four months delay in the process and it is really make valuation difficult for banks

[Unregistered]

Went to a forum on Friday evening. The CEO of one of the largest property agency said in the forum that District 21, which used to be no. 1 district in 1996, is history in this boom. Things have changed.

I believe I was at the same talk as you. The CEO of PropNex gave a talk. He highlighted and comapred the subsale activities in all the districts during the last boom (1996) and this boom (2007). The main differences was that the highest subsale activity in 1996 was registered in district 21 (bukit timah/upper bukit timah/clementi) whereas in this boom, district 21 was almost near bottom and the higghest activities are in districts 9, 10 and 11.

He seems to imply that district 21 is no longer relevant, but I think he missed a most important point in his analysis. He forgot to explain why so much subsale activities was going on in district 21 back in 1996. I believe there in a lot to do with the move announced by govt in early 1990s to transform bukit timah and upper bukit timah areas to a residential belt. As a result of that policy change, Govt set aside lands to move all the factories in that areas to other places on the island. This had a dramatic effect in stimulating a boom in condos developemnts in the mid-90 in that areas. This, couple with the general property boom in the mid-90s, causes massive amount of speculative activities in district 21.

The land for Garden Vista was formerly Yap Hok Shing factory. When Far East was just about to launch the project at 1997-98, the whole Asia went into slum because of asian crisis and the launch was suspended and the land was vacant for quite a few years.

I found the man made a number of factual errors (probably unintentional) in his speech and I suggest that you take his words with a grain of salt.

[Unregistered]

I believe I was at the same talk as you. The CEO of PropNex gave a talk. He highlighted and comapred the subsale activities in all the districts during the last boom (1996) and this boom (2007). The main differences was that the highest subsale activity in 1996 was registered in district 21 (bukit timah/upper bukit timah/clementi) whereas in this boom, district 21 was almost near bottom and the higghest activities are in districts 9, 10 and 11.

He seems to imply that district 21 is no longer relevant, but I think he missed a most important point in his analysis. He forgot to explain why so much subsale activities was going on in district 21 back in 1996. I believe there in a lot to do with the move announced by govt in early 1990s to transform bukit timah and upper bukit timah areas to a residential belt. As a result of that policy change, Govt set aside lands to move all the factories in that areas to other places on the island. This had a dramatic effect in stimulating a boom in condos developemnts in the mid-90 in that areas. This, couple with the general property boom in the mid-90s, causes massive amount of speculative activities in district 21.

The land for Garden Vista was formerly Yap Hok Shing factory. When Far East was just about to launch the project at 1997-98, the whole Asia went into slum because of asian crisis and the launch was suspended and the land was vacant for quite a few years.

I found the man made a number of factual errors (probably unintentional) in his speech and I suggest that you take his words with a grain of salt.

I agree
If you look at all the new condo projects are bing built at this momment and in the next 12 months, you will notice that they are mainly concentrate in district 9, 10, 11 and the sentasa cove areas. Not surprisingly, these are the areas registered highest subsale activities. With the deferred payment scheme, it really encourages many to jump in to take a shot at the casino game known as the "property boom"

[agent]

The asking price for many of the units in the three areas that you mentioned had already gone up 25-35 % since Dec 2006. It is therefore an under statment to say prices in these area have not yet moved. Certainly, confirmation is needed from looking at actual caveats lodged in the last three months. Generally, there are two-four months delay in the process and it is really make valuation difficult for banks
For your info, caveats are now only 2weeks to 3weeks from the day you sign the option. I have been doing a few transactions for clients and check up on their caveats. You must be born in 1932 right?

[Unregistered]

I find Maplewoods very very enduring. It is an older condo, but in terms of maintenance and the external looks, it looks about the same age or maybe even newer than Tessarina. It has been a well-maintained condo. Of course I am talking about the condo compound, the interior of the units may be different cos subject to owner/tenant wear and tear. But still can renovate and restore to new condition and be rented out.

As far as biggest gain factor, I find the Blossomvale has very high potential for high gain. With the Jardin launching next door at very high price, Blossomvale will definitely see higher prices than now.

Another one that I think has great potential is in the lower Thomson road area, around Balestier Road. CDL has bought en bloc a lot of land around there. They will surely launch high and make it very posh and desirable. The location actually not bad, if you can ignore Balestier being a seedy place. But I believe with this condo and the others by UOL and Soilbuild, Balestier will be transformed into a decent residential area with upper mid tier prices. Balestier actually has a lot of potential because near CDB and expressways. So buy an older one around this area with en bloc potential.

[Unregistered]

I find Maplewoods very very enduring. It is an older condo, but in terms of maintenance and the external looks, it looks about the same age or maybe even newer than Tessarina. It has been a well-maintained condo. Of course I am talking about the condo compound, the interior of the units may be different cos subject to owner/tenant wear and tear. But still can renovate and restore to new condition and be rented out.

As far as biggest gain factor, I find the Blossomvale has very high potential for high gain. With the Jardin launching next door at very high price, Blossomvale will definitely see higher prices than now.

Another one that I think has great potential is in the lower Thomson road area, around Balestier Road. CDL has bought en bloc a lot of land around there. They will surely launch high and make it very posh and desirable. The location actually not bad, if you can ignore Balestier being a seedy place. But I believe with this condo and the others by UOL and Soilbuild, Balestier will be transformed into a decent residential area with upper mid tier prices. Balestier actually has a lot of potential because near CDB and expressways. So buy an older one around this area with en bloc potential.
Maplewoods asking prices have already increase too much for being a good buy already. Some owners actually dare to hold the prices at $1,000psf as of right now. Blossomvale i am not too sure though, but balestier has a very good potential. In balestier, the prices have not yet reached even mid potential. As for tanjong rhu, i thought the prices would be very high, but checking the classifieds i see some owners asking below $1,000psf. Some even $700+psf, no wonder hayata1972 spotted this mismatch. Personally i have no more extra money to invest. But i would definately put my money in TG rhu if there is still a good buy there. IR is just next door, what other hints do we need?

[hayata1972]

I find Maplewoods very very enduring. It is an older condo, but in terms of maintenance and the external looks, it looks about the same age or maybe even newer than Tessarina. It has been a well-maintained condo. Of course I am talking about the condo compound, the interior of the units may be different cos subject to owner/tenant wear and tear. But still can renovate and restore to new condition and be rented out.

As far as biggest gain factor, I find the Blossomvale has very high potential for high gain. With the Jardin launching next door at very high price, Blossomvale will definitely see higher prices than now.

Another one that I think has great potential is in the lower Thomson road area, around Balestier Road. CDL has bought en bloc a lot of land around there. They will surely launch high and make it very posh and desirable. The location actually not bad, if you can ignore Balestier being a seedy place. But I believe with this condo and the others by UOL and Soilbuild, Balestier will be transformed into a decent residential area with upper mid tier prices. Balestier actually has a lot of potential because near CDB and expressways. So buy an older one around this area with en bloc potential.
Hmmm.... Balestier is a underdog. Definately better than geylang. Freehold with good and quick access to town and even IR areas. Yes can you give us a few examples of good buys in Balestier? :doh:

[joe]

Undervalued is Tanjong rhu. That is the true underdog now. Come 2008, this prediction will be reality. :p

hayata1972 why are your pics so small? :confused:

[hayata1972]

hayata1972 why are your pics so small? :confused:
Sorry joe, but i can only upload pics of certain resolution, if not it is hard to go up. By the way, thanks guys, for the response and follow-ups. I am still looking out for potential buys. May all you guys "HOCK" together!:doh:

[balestier]

I recently went to see a unit in balestier. It is in the project called ROCCA BALESTIER. The 3-bedrm penthouse is of a OK size, has a open roof top to see the skies. Asking price is $1.2mil, roughly $400psf. Only thing, it is partially blocked by windy heights and there is a temple below plus p/hr hotels surrounding it. Enviornment wise is not to good. But for food and public transport, it is very good. Anyway, if a project like AXIS@mandalay area can ask for $800-900+psf, what is $400-600+?
I recommend this condo. It is undersold because of the enviornment, but if you can wait until IR starts, the prices will have to go up.

[Unregistered]

Give me $300psf for ROCCA BALESTIER, and I still have to consider with such surrounding environment.

[Unregistered]

Give me $300psf for ROCCA BALESTIER, and I still have to consider with such surrounding environment.

I will grab it anytime if it is 300 psf
It can easily give me 8-10% yield, almost more than double than most other condos in SIngapore.
One of the reasons that it is hard for Sing property to boom is because of rental yield in comparing to major cities.
In 2004 and perhaps in 2005, property in singapore can be considered good buy because renatl yield is finally moving. Now, I am not sure especially many of the new projects are pricing at a level that investors are supposed to be looking at 3-4% yield. So, unless the rental is going to double from the current level in the next 3 years (which is highly unlikely), the property boom will be cooling off faster than you think

[BEACON ROCKS!]

I have been studying up on THE BEACON. Wonder why this project is not hot? Any comments? I think it has very good potential yield. One of the best buys for good gains in 2008 in my book.

[hayata1972]

I have been studying up on THE BEACON. Wonder why this project is not hot? Any comments? I think it has very good potential yield. One of the best buys for good gains in 2008 in my book.
I agree with you. I totally forgot about the beacon. Due to its proximity, the prices are still not at a ridiculous position yet. I went to see the beacon sometime back, was talking to some agent about it, had a very long talk. The beacon is the last of the line of non-marina bay CBD area condos. The icon,lumiere,central@,have all achieved above $1,000psf prices, but not the beacon Yet. There is still some upside, better to buy below $1,000psf than above $2,000psf. My guess is by next year, the prices will be corrected. :2cents:

[barbarblackchic]

Isn't the Beacon blocked on one side by Cantonment HDB, blocked on another side by Pinnacle @ Duxton, and on yet another side by older HDBs and the Police Station?:confused: One can safely guess why prices for Beacon haven't been running up like they have for the Icon and the rest. Please correct me if I am wrong. :)

[hayata1972]

Isn't the Beacon blocked on one side by Cantonment HDB, blocked on another side by Pinnacle @ Duxton, and on yet another side by older HDBs and the Police Station?:confused: One can safely guess why prices for Beacon haven't been running up like they have for the Icon and the rest. Please correct me if I am wrong. :)
You definately have a point there, lincoln modern is fully blocked but prices are way above $1,000psf. The axis@mandalay in balestier is Totally blocked and in the heart of balestier worst off. Above $900psf. There are plenty of blocked projects out there, but prices are very high, why?:doh:

[Curious]

Isn't the Beacon blocked on one side by Cantonment HDB, blocked on another side by Pinnacle @ Duxton, and on yet another side by older HDBs and the Police Station?:confused: One can safely guess why prices for Beacon haven't been running up like they have for the Icon and the rest. Please correct me if I am wrong. :)


Is Beacon sold out yet? I thought it was sold out some time back.
If not, can you let me know what are left and at what price level?
Thanks.

[hayata1972]

Is Beacon sold out yet? I thought it was sold out some time back.
If not, can you let me know what are left and at what price level?
Thanks.
apparently beacon was already sold out long ago. Now the units in the market are all 2ndary units. Take a look at them. :)

[Curious]

apparently beacon was already sold out long ago. Now the units in the market are all 2ndary units. Take a look at them. :)


What price level is the subsale market doing? What is your thought?

[hayata1972]

What price level is the subsale market doing? What is your thought?
My agent that i was talking with told me he had mid floor 2bedroom units going for $750-850psf. Check with your agent he will give you more info.

[Curious]

My agent that i was talking with told me he had mid floor 2bedroom units going for $750-850psf. Check with your agent he will give you more info.


OK. Thanks.

[Pls help me.]

Hello all condo owners. I need some advise and opinions. I just inherited some money and i was looking at east coast area to purchase a condo for staying and investing. I had been to a few places.

1). Melvern springs (penthouse 2+1)@$980,000 built in 1100+sft and 900+PES
2). Spring@katong (penthouse 3+1)@$870,000 built in 1300+sft and 400+PES
3). Cote d'azur (mid floor 2+1)@$830,000 and others. 1000+sft and 80+PES
4). Costel del sol (mid floor 3+1)@$955,000 and others. 1300+sft and 80+PES
5). Waterplace (low floor 2+1)@$978,000. 1000+sft, no PES
6). Santuary green (mid floor 3+1)@$910,000. 1100+sft, 50+PES

Melvern springs, i like the cosy compounds but it is within the joo chiat area(not conducive for family to walk around). Also looks abit old and PES is too big, sad part is on top of penthouse is no view because it is too low. Spring@katong, i like the penthouse because there is split live in space for 2 floors and PES on both floors,lovely swimming pool, nice people there. Saw angmohs and indians, but it is next to an indian temple which is very noisy. Same area as melvern, but away one road from joo chiat.
Cote d'azur is a good place to live in, nice enviornment, nice pools, nice community, next to parkway parade, bus stop next door, super convinient. But i am worry about the new freehold condos coming up surrounding it. When they TOP, i am worried about the fate of Cote d'azur. Will the other projects gun down Cote?
Costal del sol, nice big compound, massive community, a bit HK style look, very nice view though, but a bit of the end of the ECP, i think , it is on the far side, cannot see town. Only changi airport direction. Nice sea view with not blockage if you can get high floors.
Waterplace, i love their swimming pool and compound, very impressed with the project, developer is asking 1200psf!! shit, my agent got me some choices in secondary market about 1000psf. Also a bit ulu at Tanjong rhu. But one thing though, looking out the unit, i see the Singapore flyer very near also see golf course. Feel very good, maybe because i kena brainwashed by media too much. IR, flyer, IR, flyer. Noisy in this unit because of ECP.
Santuary green, just next to waterplace, entrance not very immpresive after seeing waterplace. buildings like costel del sol, very HK structures. But i like the second pool facing ECP, very resort like. Saw the unit, wow, again i see the Singapore flyer and golf course, in fact better view than waterplace. Nearer even.
Overall, all has good and bad. Pls give me some ideas which would you choose?

[Unregistered]

Hi,

Personally I would get either Cote d'Azur or Sanctuary Green.

Why?

Cote dazur: next to Parkway Parade. Because of this amenity so close by, demand will always be high. Amberville next door yet to launch. When it does, you can be sure some of its prestige and hig prices wil rub off on Cote.

Sanctuary Green: 1) Tanjong Rhu is growth location. Prices can only go up from here. Preferred residence for most expats living in the East, the other is Meyer Rd but that is irrelevant cos freehold and twice the prices of Tanjong Rhu.

2) Likely well-educated and genteel residents. Take a drive around the parking lots. Many continental cars especially the 'yuppie' type such as BMW and Audi, non-modified. That should be a giveaway to the resident profile. Good condo management.


Not familiar with Melvern Springs and Springs@Katong so can't comment.

Water Place: Far East project. Draw your own conclusions. They found it impossible to finish selling before the property boom. Why? Expensive, big units. Really not many people wanted. Sanctuary Green was also in the same situation but at least it is much lower in price.

Costa Del Sol: generic HK style condo. Meaning it has very little frills, even less gloss. Take a walk around the estate. Facilities are of a low quality and standard. Before the boom, this project was standing in darkness for years - more than half of units were vacant. They had to BEG people to buy.


Hope my comments were helpful to you.



Hello all condo owners. I need some advise and opinions. I just inherited some money and i was looking at east coast area to purchase a condo for staying and investing. I had been to a few places.

1). Melvern springs (penthouse 2+1)@$980,000 built in 1100+sft and 900+PES
2). Spring@katong (penthouse 3+1)@$870,000 built in 1300+sft and 400+PES
3). Cote d'azur (mid floor 2+1)@$830,000 and others. 1000+sft and 80+PES
4). Costel del sol (mid floor 3+1)@$955,000 and others. 1300+sft and 80+PES
5). Waterplace (low floor 2+1)@$978,000. 1000+sft, no PES
6). Santuary green (mid floor 3+1)@$910,000. 1100+sft, 50+PES

Melvern springs, i like the cosy compounds but it is within the joo chiat area(not conducive for family to walk around). Also looks abit old and PES is too big, sad part is on top of penthouse is no view because it is too low. Spring@katong, i like the penthouse because there is split live in space for 2 floors and PES on both floors,lovely swimming pool, nice people there. Saw angmohs and indians, but it is next to an indian temple which is very noisy. Same area as melvern, but away one road from joo chiat.
Cote d'azur is a good place to live in, nice enviornment, nice pools, nice community, next to parkway parade, bus stop next door, super convinient. But i am worry about the new freehold condos coming up surrounding it. When they TOP, i am worried about the fate of Cote d'azur. Will the other projects gun down Cote?
Costal del sol, nice big compound, massive community, a bit HK style look, very nice view though, but a bit of the end of the ECP, i think , it is on the far side, cannot see town. Only changi airport direction. Nice sea view with not blockage if you can get high floors.
Waterplace, i love their swimming pool and compound, very impressed with the project, developer is asking 1200psf!! shit, my agent got me some choices in secondary market about 1000psf. Also a bit ulu at Tanjong rhu. But one thing though, looking out the unit, i see the Singapore flyer very near also see golf course. Feel very good, maybe because i kena brainwashed by media too much. IR, flyer, IR, flyer. Noisy in this unit because of ECP.
Santuary green, just next to waterplace, entrance not very immpresive after seeing waterplace. buildings like costel del sol, very HK structures. But i like the second pool facing ECP, very resort like. Saw the unit, wow, again i see the Singapore flyer and golf course, in fact better view than waterplace. Nearer even.
Overall, all has good and bad. Pls give me some ideas which would you choose?

[Pls help me.]

Thanks for your advise. In fact i have already narrowed down to santuary green. Problem right now is the seller is giving me a headache. The price they quoted was $910,000 for the 4 flr 1152 sqft unit. Now they are asking for more!!!! Shit! the bloody agent acting for them is asking me to give them a price, this is very unprofessional......

[Unregistered]

Thanks for your advise. In fact i have already narrowed down to santuary green. Problem right now is the seller is giving me a headache. The price they quoted was $910,000 for the 4 flr 1152 sqft unit. Now they are asking for more!!!! Shit! the bloody agent acting for them is asking me to give them a price, this is very unprofessional......

It's a shame they had to act like this. :(

Don't worry, with 600+ units in the development, you will definitely be able to find one that is right for you. But do act fast in this current 'seller's market'.

[Seller]

Thanks for your advise. In fact i have already narrowed down to santuary green. Problem right now is the seller is giving me a headache. The price they quoted was $910,000 for the 4 flr 1152 sqft unit. Now they are asking for more!!!! Shit! the bloody agent acting for them is asking me to give them a price, this is very unprofessional......


You have got to give me a good reason why I should sell to you?

[Pls help me.]

The issue at hand is this is the cheapest so far having city view. The rest of the units on sale are asking up to $1,200psf can you imagine that? This is getting frustrating. I was talking to another buyer at costel del sol a few days ago. He told me 3 weeks before, Guocoland still had a few units left. Cannot imagine i am just late by less than a month and have to pay so much more. Now the worst part is i am willing to pay for it and the owner backtrack the offer WTF!!!! This market is very frustrating.

[Pls help me.]

You have got to give me a good reason why I should sell to you?
What do you mean? Good reason?

[Seller]

The issue at hand is this is the cheapest so far having city view. The rest of the units on sale are asking up to $1,200psf can you imagine that? This is getting frustrating. I was talking to another buyer at costel del sol a few days ago. He told me 3 weeks before, Guocoland still had a few units left. Cannot imagine i am just late by less than a month and have to pay so much more. Now the worst part is i am willing to pay for it and the owner backtrack the offer WTF!!!! This market is very frustrating.


I give you an opportunity to buy/offer but you did not capitalise on it. Just make me an offer that I can't resist lah. If my unit is not worth considering or is too costly, go buy from any seller. Nobody forces you to buy from me.

[Seller]

What do you mean? Good reason?


Like if I don't sell to you, nodbody else will buy from me.

Like your offer is the best I could ever get.

.....

[Pls help me.]

I give you an opportunity to buy/offer but you did not capitalise on it. Just make me an offer that I can't resist lah. If my unit is not worth considering or is too costly, go buy from any seller. Nobody forces you to buy from me.
Ahhh.... who are you?

[hayata1972]

Good evening friends and condo owners. I have a request from you guys. Can we try not to stray too far away from the subject at hand, which is Which condominum project has the biggest gain factor in 2008?
Thank you for your cooperation. :doh:

[Pls help me.]

Sorry, to barge in and ask for advise again but pls give me some tips on the prices i was quoted to see if it is reasonable. I will be very grateful and good karma will come back to you.

Santuary green. 3rdfloor, 1227sqft. 3+1bdrm asking 1.1mill
5thfloor, 1152sqft. 3+1bdrm asking 1.15mill
All City view units, high floors asking for 1,100-1,200psf.

Costa rhu . 10thfloor, 990sqft. 2+1bdrm asking 1.1mill
3+1bdrm units facing city i cannot afford.

The previous deal, i'll just wait for the owner's agent to call me. I won't offer them until they give me a firm price.

[Unregistered]

Sorry, to barge in and ask for advise again but pls give me some tips on the prices i was quoted to see if it is reasonable. I will be very grateful and good karma will come back to you.

Santuary green. 3rdfloor, 1227sqft. 3+1bdrm asking 1.1mill
5thfloor, 1152sqft. 3+1bdrm asking 1.15mill
All City view units, high floors asking for 1,100-1,200psf.

Costa rhu . 10thfloor, 990sqft. 2+1bdrm asking 1.1mill
3+1bdrm units facing city i cannot afford.

The previous deal, i'll just wait for the owner's agent to call me. I won't offer them until they give me a firm price.

Sanctuary Green obviously.

Why?

Well, the Costa Rhu has no views and is 2 bedroom and small area. Asking $1.1m.

Get the SG 3rd floor city view for $1.1m. Bigger area and honestly 2 floors apart doesn't have much difference for any view you get.

Good luck!

[Pls help me.]

Sanctuary Green obviously.

Why?

Well, the Costa Rhu has no views and is 2 bedroom and small area. Asking $1.1m.

Get the SG 3rd floor city view for $1.1m. Bigger area and honestly 2 floors apart doesn't have much difference for any view you get.

Good luck!
Thanks for the reply. But why do you condemn costa rhu so? And also all these city view units have a noise problem because of the proximity to the ECP. Is it true that on the higher floors, the noise level is higher?

[Unregistered]

Thanks for the reply. But why do you condemn costa rhu so? And also all these city view units have a noise problem because of the proximity to the ECP. Is it true that on the higher floors, the noise level is higher?

Did i condemn Costa Rhu? What I meant was, from your posting, I surmise that the Costa Rhu unit you were looking at had no views. 2 bedroom, no views, small built in area, definitely overpriced at $1.1m. It is of course a different story if you could get one at Costa Rhu with views but I seriously doubt it, looking at your budget.

For $1.1m there is no question of which I'd rather get. The unit with biggest built in area, with views if available, for the least amount of money give and take $50k. And the answer, is your 3rd floor city facing 3 bedroom Sanctuary Green.

[hayata1972]

Looking at the current market, yes i would also agree. Riverine at kallang is already asking so high, Tg rhu is definately better in terms of location and potential. Especially the BIG5. The BIG5 i would consider them to be Costa Rhu, Sanctuary Green, Water Place, Pebble Bay and last but not least Parkshore. CR, SG and WP right now has the best potential because they have the City and IR view, also lets not forget the Singapore flyer coming in 2008, but judging by the speed of construction, definately will be this year end. Also i almost forgot, sea and golf course as well. CR and PB has a nice bay view with water sports and ships coming in after the barrage is completed by 2007 yr-end. How about the sports hub and bolevard MRT that is also in the works. Ps is the only freehold within the BIG5, but the views are quite blocked by the rest of the pack.
By the way, i totally missed out mentioning the Marina Gardens.
Marina east will be connected to the park connectors within Costa rhu compound .
Also there is one bridge connected to Marina centre, in other words, residents there can walk to the Singapore flyer. Totally mind blowing.
http://img.photobucket.com/albums/v427/rotpics03/gbtb.jpg

[FO]

This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.

[Newbie]

This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.


Goodness! How can we allow people like FO to post vulgarities instead of opinions here?

[hayata1972]

FO, pls find out your problems and solve them, coming here to vent out your frustration is not the solution.:doh:

[Going up and up and up]

What is happening to the market? Prices are increasing by the week! How can there be any good buy by the end of this year? So much hype and hype by minister so and so, property agent so and so, developer so and so, bank so and so. Wa lau eh, even if we sell our properties at high price, how to find a replacement? I think really must downgrade to hdb.. This thread is getting to be pointless alreasy. There is no condo with good gain by 2008 needless to say 2010.

[Unregistered]

What is happening to the market? Prices are increasing by the week! How can there be any good buy by the end of this year? So much hype and hype by minister so and so, property agent so and so, developer so and so, bank so and so. Wa lau eh, even if we sell our properties at high price, how to find a replacement? I think really must downgrade to hdb.. This thread is getting to be pointless alreasy. There is no condo with good gain by 2008 needless to say 2010.

What replacement?
When you sold off your 30 plus year condo at Orchard road for 2.5 million, you are crying to can't get a replacment unit at similar location? Are they talking about new condo?
You should just pocket the 2 million cash and spend the 500K for a beautifully done up HDB flat right? I thought that was the idea, the ultimate singapore dream for the masses? Why are these peoples crying now?

[finally! some sense]

What replacement?
When you sold off your 30 plus year condo at Orchard road for 2.5 million, you are crying to can't get a replacment unit at similar location? Are they talking about new condo?
You should just pocket the 2 million cash and spend the 500K for a beautifully done up HDB flat right? I thought that was the idea, the ultimate singapore dream for the masses? Why are these peoples crying now?

You hit it right on the head.

These people are crying not because they cannot get a replacement in the same area, but because they cannot get a bigger, brand new condo. In other words: GREEDY!

If you look around all the en bloc'ed condos, there are equivalent units around the same area that are 5-10 years old and are available, perhaps only slightly smaller, but definitely livable.

You just name me any en bloc'ed condo, and I can give you examples of available units (about 5-10 years old) around the same area that cost the same. Some are even cheaper. Come I challenge you!

[SAD TRUTH]

Singaporeans are brained wash by the media, this year can go up by 20%, next year by 30%. All these are ambiguous statements thru our Media by our polictitions and institutions that gain from it. They are just interested in making the broad public go into a buying frenzy and pick up all the overpriced launches. Because when the broad market picks up, guess you gain the most? We are just individuals. They are Gov, developers, institutions, banks and property transaction companies.

Gov gains by releasing land at extremly high prices that were either aquired cheap or even free.
Developers gains by selling new launches at ridiculous prices, plus raise the prices of TOPed projects that still have unsold units.
Instituions gains by buying up prime properties here and justify the purchaces by issuing shares(IPO) or diluting the share value by issuing more. Buy up more and more to push prices up as to wait for the right time for release. The best part is the money they use for these purchases are not even their money, haha, it is the public money again. Property Reits involved.
Banks needless to say. Property market boom = Super business for banks.
Raise interest rate, push out more bank loans....
Property companies will get their cut/commision on every sale. The more the transactions, the more the profit.
These are the people that say the market is booming. sounds like they have alot in stake to be un-bias when reporting news don't you think so?


SAD TRUTH

[Malaysian]

Singaporeans are brained wash by the media, this year can go up by 20%, next year by 30%. All these are ambiguous statements thru our Media by our polictitions and institutions that gain from it. They are just interested in making the broad public go into a buying frenzy and pick up all the overpriced launches. Because when the broad market picks up, guess you gain the most? We are just individuals. They are Gov, developers, institutions, banks and property transaction companies.

Gov gains by releasing land at extremly high prices that were either aquired cheap or even free.
Developers gains by selling new launches at ridiculous prices, plus raise the prices of TOPed projects that still have unsold units.
Instituions gains by buying up prime properties here and justify the purchaces by issuing shares(IPO) or diluting the share value by issuing more. Buy up more and more to push prices up as to wait for the right time for release. The best part is the money they use for these purchases are not even their money, haha, it is the public money again. Property Reits involved.
Banks needless to say. Property market boom = Super business for banks.
Raise interest rate, push out more bank loans....
Property companies will get their cut/commision on every sale. The more the transactions, the more the profit.
These are the people that say the market is booming. sounds like they have alot in stake to be un-bias when reporting news don't you think so?


SAD TRUTH


SAD TRUTH, you are right. Singapore property boom is fake one.
Malaysia one is the real one.

Come buy JB or KL properties. Do you need any recommendations?

If you find Malaysia too close to Singapore, how about HoChiMinh, Manila, Bangalore or Shenyang?

Too low-end for you? How about Hong Kong, Shanghai, London and Miami?

Singapore may be fake one but all these are real one. Don't miss it. Otherwise, not only will you be SAD, you will be SICK! Hurry!

[hayata1972]

What has happened is that our Gap in SG is getting bigger and bigger everyday, thus red eyes are everywhere. Filty rich are getting even more filty, Rich are getting richer. I can't really blame some people from venting their frustration here. It is just the way of life not only in SG, but the whole world. It is best that everyone is rich, but life does not work this way. Even the communist system which is suppose to be perfect does not work. Life is unfair, so wake up and stop dreaming. Find money, because money does not find you. There will be endless hype and propaganda, just get used to it. :spliff: In fact this hype and buzz was already in the works since 2004. It took 2 yrs plus to bring us up to this stage, we should be happy and rejoice, i am sure the spillover will come to all very soon. As it is, sub-prime is going up. Hdb will have its turn very soon. Patience is golden.:)

[ryan]

What has happened is that our Gap in SG is getting bigger and bigger everyday, thus red eyes are everywhere. Filty rich are getting even more filty, Rich are getting richer. I can't really blame some people from venting their frustration here. It is just the way of life not only in SG, but the whole world. It is best that everyone is rich, but life does not work this way. Even the communist system which is suppose to be perfect does not work. Life is unfair, so wake up and stop dreaming. Find money, because money does not find you. There will be endless hype and propaganda, just get used to it. :spliff: In fact this hype and buzz was already in the works since 2004. It took 2 yrs plus to bring us up to this stage, we should be happy and rejoice, i am sure the spillover will come to all very soon. As it is, sub-prime is going up. Hdb will have its turn very soon. Patience is golden.:)

I agree with you. Everyone will have their chance. Best advice for those not vested is not to be green-eyed. Sometimes it is hard to take when people see their neighbours making lots of money from their property portfolio, I know, but I believe the trickle down effect will soon start.

Always remember, what is good for the country will be good for you too! So we should all be happy for our economy.

[Condo will die]

Based on the prices of condos, which all you idiots are overpricing, there will be no upside anymore. In fact Hdb units are the ones with true potential now!
Condos just dump, Hdb buy! buy! buy!!

[Buyer]

Based on the prices of condos, which all you idiots are overpricing, there will be no upside anymore. In fact Hdb units are the ones with true potential now!
Condos just dump, Hdb buy! buy! buy!!


HDB? How to buy?
Got income ceiling you know? Got 3-years rule you know?

Did you do your homework before making this recommendation?

[hayata1972]

I know of 1 friend that bought ferreria park, anyone has anything to comment about Changi area like ferreria park and edwellwiss park?
I see that Savanah condopark is also compared within this group.
She says ferreria park has good potential for growth base on the price for the freehold property. I quite disagree, what do you guys think?:spliff:

[hello hayata bro]

IShe says ferreria park has good potential for growth base on the price for the freehold property. I quite disagree, what do you guys think?:spliff:

I gotta disagree too. Freehold in ulu location is still crap. Imagine if they built luxury condo in ulu location - it will still be crap, won't it. When she based her analysis on "price for freehold property" was she comparing Ferraria Park to D9, 10, 11? If so, she is just dreaming. ;)

Location, location, location is still the key. Not freehold/leasehold. People have got to change their old mindsets, the modern Singapore property scene doesn't work along the lines of freehold/leasehold any more. It is now purely LOCATION LOCATION LOCATION.

[revieli]

I gotta disagree too. Freehold in ulu location is still crap. Imagine if they built luxury condo in ulu location - it will still be crap, won't it. When she based her analysis on "price for freehold property" was she comparing Ferraria Park to D9, 10, 11? If so, she is just dreaming. ;)

Location, location, location is still the key. Not freehold/leasehold. People have got to change their old mindsets, the modern Singapore property scene doesn't work along the lines of freehold/leasehold any more. It is now purely LOCATION LOCATION LOCATION.

Since u said LOCATION is the key, can I ask what is your opinion about D5 condos? Location wise.

[1north1rochester]

West coast, hmmmm.... 1 north brought the prices surrounding higher, 1 rochester delay waiting for higher price.. Biopolis is the game to play in this area.

[District 5]

West coast, hmmmm.... 1 north brought the prices surrounding higher, 1 rochester delay waiting for higher price.. Biopolis is the game to play in this area.

Cool!

Then your choices are:
1. buy One-North Residences (subsale), or
2. buy One Rochester.

[1north1rochester]

NONE, 1 north is now overpriced. 1 rochester is going to be overpriced.
Instead, look at the TOPed projects surrounding it.

[Unregistered]

Dover Park View not bad wat.

[Wallace Chu, DBS Vickers]

NONE, 1 north is now overpriced. 1 rochester is going to be overpriced.
Instead, look at the TOPed projects surrounding it.


As Singapore has entered a new phase of development, higher property prices are inevitable.

People need to take a view that historical Singapore is no longer the same as the future Singapore. The economic drivers have changed. So you have to have a new mindset and accept the new price levels.

[Andy Xie, ex-MS]

As Singapore has entered a new phase of development, higher property prices are inevitable.

People need to take a view that historical Singapore is no longer the same as the future Singapore. The economic drivers have changed. So you have to have a new mindset and accept the new price levels.

Agreed! Smart property buyers have known this all along. From 3rd world to 1st. Never more true.

[ad time]

Since u said LOCATION is the key, can I ask what is your opinion about D5 condos? Location wise.

District 5 is a growth segment to me. All along the West Coast, Pasir Panjang areas have potential for price appreciation. You have to keep the faith with the Singapore Government. Now with ample land in Tuas for shipyards, there is no reason for the shipping industries to remain located in Pasir Panjang and West Coast.

How would shipyards and container yards look next to the billion $$ Sentosa IR? Not very nice, right? Don't you think the Govt will do something about it? But of course.

Of course the relocation of shipyards is only the tip of the iceberg. We haven't even factored in the proximity to one-north, Biopolis, Rochester Park, Labrador Park, Science Park, NUS, Japanese Schools, Holland Village, and much more!

West Coast - unpolished gem with potential to outshine even the East Coast. At least the roads are not so narrow on the West Coast and the infrastructure is top notch. No conservation buildings here (except for Haw Par Villa) like there are on the East Coast, therefore redevelopment potential is much higher and so will the height restrictions.

[one-north]

District 5 is a growth segment to me. All along the West Coast, Pasir Panjang areas have potential for price appreciation. You have to keep the faith with the Singapore Government. Now with ample land in Tuas for shipyards, there is no reason for the shipping industries to remain located in Pasir Panjang and West Coast.

How would shipyards and container yards look next to the billion $$ Sentosa IR? Not very nice, right? Don't you think the Govt will do something about it? But of course.

Of course the relocation of shipyards is only the tip of the iceberg. We haven't even factored in the proximity to one-north, Biopolis, Rochester Park, Labrador Park, Science Park, NUS, Japanese Schools, Holland Village, and much more!

West Coast - unpolished gem with potential to outshine even the East Coast. At least the roads are not so narrow on the West Coast and the infrastructure is top notch. No conservation buildings here (except for Haw Par Villa) like there are on the East Coast, therefore redevelopment potential is much higher and so will the height restrictions.


That's why must buy One-North Residences or One Rochester in one-north cos' government will not let one-north fail.

[TG Rhu next]

There are plots of URA land between Costa rhu and sanctuary green. Heard that before this year end, URA will put it out for bidding. When that pieces of land is launched, the new benchmark prices will surprise all of the east coast.
Meyer residences and seaview@meyer will look cheap at that point of time. Tg rhu will be the next killer of the market guaranteed.
West coast won't even be able to come close.
Tg rhu is the next big thing after marina, why? Because it is greater marina.
Marina East gardens is connected to Tg rhu. Nothing can be better than that. Imagine walking from TG rhu to suntec city going past the Singapore flyer and ending up at marina sands.

[hayata1972]

:character0029: YES! F1 is around Marina bay! Marina bay goes up 1 more level!

[F1 here!]

F1 is on the marina route, all marina and greater marina properties will go up AGAIN!!! Marina,Shenton,Clarke quay and TG rhu. Prepare to go up again.
Damn i wish i had more money to buy properties... Too bad, next time i will know better.

[McLauren Mercedes]

F1 is on the marina route, all marina and greater marina properties will go up AGAIN!!! Marina,Shenton,Clarke quay and TG rhu. Prepare to go up again.
Damn i wish i had more money to buy properties... Too bad, next time i will know better.

It's not too late!
I see there is still a window of 3-9 months for additional buying.

[Unregistered]

After the 3-9 mths window leh? Then tell us the window extended again? Hahahaha! Bullshit and crap. Too many agents here already.All this bullish theories are all from either property agents or owners that have already bought properties and want the market to be bullish. 2.5 million? bah. 2.5 million extra of prostitutes and foriegn worker more likely.

[Stupid]

After the 3-9 mths window leh? Then tell us the window extended again? Hahahaha! Bullshit and crap. Too many agents here already.All this bullish theories are all from either property agents or owners that have already bought properties and want the market to be bullish. 2.5 million? bah. 2.5 million extra of prostitutes and foriegn worker more likely.


OK.
If 9 months later, after we have bought, and the prices go higher, you go become a prostitute and get raped.
Idiot!

[hayata1972]

Actually the F1 will be a boost to all prime area properties again. Kudos to singapore again. Hurray SG! Hurray SG! Hurray SG!
:2cents:

[Unregistered]

Actually the F1 will be a boost to all prime area properties again. Kudos to singapore again. Hurray SG! Hurray SG! Hurray SG!
:2cents:

HUAT AR!!

LONG LIVE LEE KUAN YEW!!

[MGM Grand]

Actually the F1 will be a boost to all prime area properties again. Kudos to singapore again. Hurray SG! Hurray SG! Hurray SG!
:2cents:


huh??:confused: How is F1 a boost to properties??? Hotels and business yes!! Sorry, am I missing something? Unless you mean it serves to attract even more mega rich immigrants?? Mega rich can fly to any F1 event, do they need to live in Singapore to watch it once a year?

Not to pour cold water....just curious where you're coming from bro!:)

[Observer.]

huh??:confused: How is F1 a boost to properties??? Hotels and business yes!! Sorry, am I missing something? Unless you mean it serves to attract even more mega rich immigrants?? Mega rich can fly to any F1 event, do they need to live in Singapore to watch it once a year?

Not to pour cold water....just curious where you're coming from bro!:)


Raise the profile of Singapore to the mega-rich so that they know there is another place on earth they can park their money.

You are right. They will only fly in once (or at most twice) a year to (maybe just see the F1 and) stay in their properties. Their properties will be left empty for the rest of the year.

F1 will raise their awareness to invest and give them a reason to fly in.

[hayata1972]

huh??:confused: How is F1 a boost to properties??? Hotels and business yes!! Sorry, am I missing something? Unless you mean it serves to attract even more mega rich immigrants?? Mega rich can fly to any F1 event, do they need to live in Singapore to watch it once a year?

Not to pour cold water....just curious where you're coming from bro!:)
Haha! bro! You caught me there. Hehe. Frankly speaking, with any good news or new projects coming to Singapore will be a hype to the surronding properties. If i don't say this, some Minister or Ong beng seng or Kwek LB or some property director will say it also. What the heck man, all huat together loh, so to speak!!!!!!

[LB Kwek]

"If you look at Forbes' list of the world's richest persons, many of them have their wealth backed by real estate."

- 10 May 2007

[hayata1972]

"If you look at Forbes' list of the world's richest persons, many of them have their wealth backed by real estate."

- 10 May 2007
Oh my God!!!!!! It is MR kwek himself!!!!!! WOW!!!!! I am blessed with your presence. BTW how many 1 shenton units have you got left? Any friendship discounts?:D

[LB Kwek]

"I'm considering retaining a portion in some new residential developments for rental income and capital appreciation."

"Residential has a lot of potential. Let's say, I had two towers in a residential project. I could sell one, and keep the other - and maybe sell later when prices are higher, keep for rental income, or even go for an en bloc sale one day, when I will be entitled to a windfall."

"Retaining a portion of units in residential developments makes sense also because residential rentals are set to appreciate further on the back of leasing demand created by the influx of foreign talent into Singapore."

- 10 May 2007

[CB Crack]

"I'm considering retaining a portion in some new residential developments for rental income and capital appreciation."

"Residential has a lot of potential. Let's say, I had two towers in a residential project. I could sell one, and keep the other - and maybe sell later when prices are higher, keep for rental income, or even go for an en bloc sale one day, when I will be entitled to a windfall."

"Retaining a portion of units in residential developments makes sense also because residential rentals are set to appreciate further on the back of leasing demand created by the influx of foreign talent into Singapore."

- 10 May 2007
[QUOTE=CB Crack]"I'm considering retaining a portion of some semen for my gigglo income and ladies appreciation."

Prostitution has a lot of potential. Let's say, I had two dicks in my pants. I could use one and hold the other - and maybe sell later when my prices are higher, keep for man whore income, or even go for a mass orgy one day, then i will be entitled to a windfull."

Reataining a portion of semen in my dick makes sense also because prostitution prices are set to appreciate further on Bare back and lots of demand created by the influx of foreign clients into Singapore."

[Supporter]

[QUOTE=CB Crack]"I'm considering retaining a portion of some semen for my gigglo income and ladies appreciation."

Prostitution has a lot of potential. Let's say, I had two dicks in my pants. I could use one and hold the other - and maybe sell later when my prices are higher, keep for man whore income, or even go for a mass orgy one day, then i will be entitled to a windfull."

Reataining a portion of semen in my dick makes sense also because prostitution prices are set to appreciate further on Bare back and lots of demand created by the influx of foreign clients into Singapore."


Everyone must invest this time and increase wealth.
Look! Even gigolo is buying.
Must go and buy some more.
Cheong ah!

[Unregistered]

i was monitoring the transacted prices of the light @ cairnhill. the prices are thus far below $2000 psf. given that suites@cairnhill have been sold at 2500psf and the upcoming launches in that vicinity, will it be worthwhile taking a look at the light?

[Unregistered]

i was monitoring the transacted prices of the light @ cairnhill. the prices are thus far below $2000 psf. given that suites@cairnhill have been sold at 2500psf and the upcoming launches in that vicinity, will it be worthwhile taking a look at the light?

Transacted prices - look at the dates.

I doubt you can find any seller or even the developer Wing Tai willing to sell it to your for anything lower than $2.5k psf.

[Pls help me.]

Thank you guys for the advise, i have just done the purchase. Sanctuary green, pool view unit. 1300++ sqft, 3 flr for 1.05mil. I decided to buy the pool view because the city view units are too expensive plus the owners are not flexible, my offer was thrown back to me, very irritating owners. Costa rhu even worst for the good city views. I offer and give cheque, after that the owner refuse to sign. The worst part is, the owner is the one that told me they can close at that price. Hopefully it pays off in the long run. The agents there are very bullish about that area. Went to see costa ria as well, not impressive.

[Team Renault]

.......... i have just done the purchase. Sanctuary green, pool view unit. 1300++ sqft, 3 flr for 1.05mil. I decided to buy the pool view because the city view units are too expensive plus the owners are not flexible, my offer was thrown back to me, very irritating owners. Costa rhu even worst for the good city views. I offer and give cheque, after that the owner refuse to sign. The worst part is, the owner is the one that told me they can close at that price. Hopefully it pays off in the long run. The agents there are very bullish about that area ..........

Congrats!
A wise purchase.

[Unregistered]

Transacted prices - look at the dates.

I doubt you can find any seller or even the developer Wing Tai willing to sell it to your for anything lower than $2.5k psf.

there are 4 transactions listed for apr07 (likely to be transacted a mth ago), and all are definitely below 2k psf. there are sellers asking for above 2k, but the last time i checked (abt 2 or 3 wks ago), most are requesting for below 2.5k psf. richmond park transactions have been on the rise though, with one getting close to 2.5k psf. not bad for an oldie.

[hayata1972]

Thank you guys for the advise, i have just done the purchase. Sanctuary green, pool view unit. 1300++ sqft, 3 flr for 1.05mil. I decided to buy the pool view because the city view units are too expensive plus the owners are not flexible, my offer was thrown back to me, very irritating owners. Costa rhu even worst for the good city views. I offer and give cheque, after that the owner refuse to sign. The worst part is, the owner is the one that told me they can close at that price. Hopefully it pays off in the long run. The agents there are very bullish about that area. Went to see costa ria as well, not impressive.
Just to check with you how much is the city view units at sanctuary green asking for? Which stack did you buy? Costa rhu city views how is the prices?:)

[congrats]

Thank you guys for the advise, i have just done the purchase. Sanctuary green, pool view unit. 1300++ sqft, 3 flr for 1.05mil. I decided to buy the pool view because the city view units are too expensive plus the owners are not flexible, my offer was thrown back to me, very irritating owners. Costa rhu even worst for the good city views. I offer and give cheque, after that the owner refuse to sign. The worst part is, the owner is the one that told me they can close at that price. Hopefully it pays off in the long run. The agents there are very bullish about that area. Went to see costa ria as well, not impressive.

Congratulations on your SG purchase! You will find it to be worth the hassle and the premium paid!

From another post in the SG thread:

There are plots of URA land between Costa Rhu and Sanctuary Green. Heard that before this year end, URA will put it out for bidding. When that pieces of land is launched, the new benchmark prices will surprise all of the east coast.
Meyer Residences and Seaview@Meyer will look cheap at that point of time. Tg rhu will be the next killer of the market guaranteed.

[Unregistered]

Congratulations on your SG purchase! You will find it to be worth the hassle and the premium paid!

From another post in the SG thread:

There are plots of URA land between Costa Rhu and Sanctuary Green. Heard that before this year end, URA will put it out for bidding. When that pieces of land is launched, the new benchmark prices will surprise all of the east coast.
Meyer Residences and Seaview@Meyer will look cheap at that point of time. Tg rhu will be the next killer of the market guaranteed.

Yes, Price may increase some more,
Hope you are equally prepare for other sscenario as well. In case bird flu hits asia, your unit may drop 50% in three moths

[doomsayer]

Yes, Price may increase some more,
Hope you are equally prepare for other sscenario as well. In case bird flu hits asia, your unit may drop 50% in three moths
If your prediction is right with bird flu, all your properties will also drop.
The sail< 700psf.
MBR< 800psf.
1 shenton<800psf.
reflections<800psf.
Only lousy HDB will still be the same.
Do you think so?

[Pls help me.]

Just to check with you how much is the city view units at sanctuary green asking for? Which stack did you buy? Costa rhu city views how is the prices?:)
hayata1972, i bought Blk185, main pool view. Costa rhu city view units are asking for the roof, sanctuary green also. By now all should be above $1,200psf. These owners think they own gold. Selling at gold prices, real crazy market now. I bit worried now because i bought a pool view unit, lucky this money is inherited. Saw the caveats, feel scared i bought at high. How do i market this unit next time i want to sell? Can you savvy guys teach me? thanks alot for your kindness.

[Unregistered]

If your prediction is right with bird flu, all your properties will also drop.
The sail< 700psf.
MBR< 800psf.
1 shenton<800psf.
reflections<800psf.
Only lousy HDB will still be the same.
Do you think so?

The question is: do you have more money to buy if markets plunge?
I am sure some will.
Sadly, wealthy folks are always the one to take advantage when real sales comes, only ordinary folkks are the ones jump bandwagon hoping not late to make a killing

[hayata1972]

hayata1972, i bought Blk185, main pool view. Costa rhu city view units are asking for the roof, sanctuary green also. By now all should be above $1,200psf. These owners think they own gold. Selling at gold prices, real crazy market now. I bit worried now because i bought a pool view unit, lucky this money is inherited. Saw the caveats, feel scared i bought at high. How do i market this unit next time i want to sell? Can you savvy guys teach me? thanks alot for your kindness.
Of course you will be worried, since the first day i bought my property i was worried, even the owners that bought the sail were worried. Imagine buying the sail during the launch at $900-1000psf.
During those days, i can buy yong an park for $500-600psf leh. I bet you the buyers were sweating everyday after they bought. But now? wah, $1500-2000 selling price, how? Sometimes we have to take risks, calculated risks are worth it, rather then "hiong" the ah beng word for "investing on impulse". :)

[hayata1972]

The question is: do you have more money to buy if markets plunge?
I am sure some will.
Sadly, wealthy folks are always the one to take advantage when real sales comes, only ordinary folkks are the ones jump bandwagon hoping not late to make a killing
Sadly this is how the market works for everything. Come on think about it, what difference is it in the working world, business world, property world.
People always wait for others to start the ball rolling.
For the working world
Now because the property market is hot, wow, JC students see, wah, must go learn architecture, next time become star architect. I am sure by the time he graduates, 50% chance it is a property slum year = no job propect.
Another example, a person working in a office enviornment drawing 3k/mth. He saw the Ad for Degree learning in casinos, quit his job and went for the course. You think he will get a high paying job in the IR at 2009? doubt so. People in charge of casino grounds need to be experianced, highly likely foreign talents from las vegas. This guy will most likely to be an assistant card shuffler.
For the business world
Do you realise that more than half of the new "entrepeneurs" in the market are people that just follow. Why? because the media says wow, being a businessman can earn how much, how much........ so and so can earn how much, how much........ After that these people with some money or alot of money will take the plunge doing exactly the same thing they watch on TV, with a little bit of modification. Then you know, high majority cannot even break even. Real entrepeneurs do not follow. They create.
For the property market
Is it any difference? No.
Wealthy folks are wealthy because they are smart.
Poor folks can also be wealthly if they are smart.
Don't complain, use your brain.

[Unregistered]

Yes, Price may increase some more,
Hope you are equally prepare for other sscenario as well. In case bird flu hits asia, your unit may drop 50% in three moths

I think the possibility of human "bird flu" outbreak in Asia is not something out of a fiction. If it happens, it will hit Asia particularly hard. So far, all the human cases seem to be concentrated in Asia.

The world health organization (WHO) is keeping a extremely close watch at the developmet. So far, things are quite worrisome as number of cases of human infection and death are on a rising trend. You can look at the facts from the following link to the WHO:

http://www.who.int/csr/disease/avian_influenza/country/cases_table_2007_05_16/en/index.html

[Unregistered]

hayata1972,
so what property did you get, if you don't mind me asking? you mentioned the price corrected soon after you purchased it.

[Seller]

I think the possibility of human "bird flu" outbreak in Asia is not something out of a fiction. If it happens, it will hit Asia particularly hard. So far, all the human cases seem to be concentrated in Asia.

The world health organization (WHO) is keeping a extremely close watch at the developmet. So far, things are quite worrisome as number of cases of human infection and death are on a rising trend. You can look at the facts from the following link to the WHO:

http://www.who.int/csr/disease/avian_influenza/country/cases_table_2007_05_16/en/index.html


So should we all start selling our properties now?
Are you also selling your property?
If yes, let's do it together.

[unrealistic market.]

Don't you all think that the prices are getting out of hand already? I looked at the classifieds and this is what is see.

Caribbean : $1200psf
Cote D'azur : $1000psf
Costel del sol : $900psf
Makena : $1200psf
One Amber : $1100psf
Sanctuary green : $900psf
The Seaview : $1100psf
Water place : $1100psf

WTF, how to buy anything? The best part is these are prices right now. With all the hype almost every week by our beloved media, owners are asking for higher and higher. In fact being a property agent right now is a bad time contrary to what people think. We are having a very hard time to match any deals.

[Supply And Demand]

Don't you all think that the prices are getting out of hand already? I looked at the classifieds and this is what is see.

Caribbean : $1200psf
Cote D'azur : $1000psf
Costel del sol : $900psf
Makena : $1200psf
One Amber : $1100psf
Sanctuary green : $900psf
The Seaview : $1100psf
Water place : $1100psf

WTF, how to buy anything? The best part is these are prices right now. With all the hype almost every week by our beloved media, owners are asking for higher and higher. In fact being a property agent right now is a bad time contrary to what people think. We are having a very hard time to match any deals.


If these asking prices are unrealistic, just don't them lah.
What is there to complain?
Nobody is forcing anybody to buy anything what!
If you don't buy, perhaps the price may come down? Then you can buy at a cheaper price. Of course, it may also go up.

[Unregistered]

If these asking prices are unrealistic, just don't them lah.
What is there to complain?
Nobody is forcing anybody to buy anything what!
If you don't buy, perhaps the price may come down? Then you can buy at a cheaper price. Of course, it may also go up.
Singaporeans like you are a greedy lot. Serving you guys are really a lousy job. Hope you go bust while waiting for the price to hit your target.
Good luck to you.

[Supply And Demand]

Singaporeans like you are a greedy lot. Serving you guys are really a lousy job. Hope you go bust while waiting for the price to hit your target.
Good luck to you.


Property market is like stocks market, currency market, commodities market, ....

You can ask anything but if there is no buyer, no transaction will be done.
Just go an buy a stock at $1.00 and try to queue to sell at $2.00 lah.
See can it be done?

All markets are determined by supply and demand.
No need to hype, talk up, etc.. No use one!
Can means can. Cannot means cannot.

[hayata1972]

hayata1972,
so what property did you get, if you don't mind me asking? you mentioned the price corrected soon after you purchased it.
?? Which property other than the sail i mentioned that had the price corrected? If you want to know what i purchase at what price and how much i sell, pls PM me, i would rather we talk in private about these sensitive issues, thank you.:cool:

[Unregistered]

?? Which property other than the sail i mentioned that had the price corrected? If you want to know what i purchase at what price and how much i sell, pls PM me, i would rather we talk in private about these sensitive issues, thank you.:cool:
Heard that the property agent DAREDEVIL is trying to hype up Casa merah.
This website really has too many agents play acting around here.
Makes people sick in the stomach.

[hayata1972]

Please do not insult people just on heresay or speculation.
I just spoke to Daredevil and trust me, he is no agent.
:hell-hath-no-fury:

[hayata1972]

hayata1972, i bought Blk185, main pool view. Costa rhu city view units are asking for the roof, sanctuary green also. By now all should be above $1,200psf. These owners think they own gold. Selling at gold prices, real crazy market now. I bit worried now because i bought a pool view unit, lucky this money is inherited. Saw the caveats, feel scared i bought at high. How do i market this unit next time i want to sell? Can you savvy guys teach me? thanks alot for your kindness.

Good for you. Just wait, the time is not right yet. Have you read about the potential of greater marina yet? Read it and understand where i am coming from. Or at least look at my original threads.
For marketing your unit, please check with your agent. They are professionals at marketing units.
;)

[Unregistered]

Huge potential for Tg. Rhu area

Followings are future developmetns to come surround area.

1) Sports Hub t/w shopping complex :2011
2) Boulevard MRT : 2010
3) Bridge connecting Tg. rhu and Suntec : 2010
4) Garden by the Bay : 2010
5) Yaching berth & river taxi : 2010
6) IR : 2009
7) Flyer : 2008
8) World's highest Fountain in Kallang basin
9) Developement of land btwn costa rhu & pb : anytime soon

Once all the above is built, it will be difficult to find any other place better than tg rhu in the World.!!!

[Unregistered]

Don't you all think that the prices are getting out of hand already? I looked at the classifieds and this is what is see.

Caribbean : $1200psf
Cote D'azur : $1000psf
Costel del sol : $900psf
Makena : $1200psf
One Amber : $1100psf
Sanctuary green : $900psf
The Seaview : $1100psf
Water place : $1100psf

WTF, how to buy anything? The best part is these are prices right now. With all the hype almost every week by our beloved media, owners are asking for higher and higher. In fact being a property agent right now is a bad time contrary to what people think. We are having a very hard time to match any deals.

If you have been following ad in ST, you should know many many owners are asking 50-60% more than the asking price for similar units in most places in Singapore just 4-5months ago. They thought property is like stock, price can double overnight. I can tell you that many agents are quite fed-up with this. One agent told me the owner keep revising price upwards even she couldn't even get an offer for lower price three months ago.

[Unregistered]

The stupidity of human beings knows no bounds.

[Question]

The stupidity of human beings knows no bounds.

So .... should the stocks market drop?

[Pls help me.]

Huge potential for Tg. Rhu area

Followings are future developmetns to come surround area.

1) Sports Hub t/w shopping complex :2011
2) Boulevard MRT : 2010
3) Bridge connecting Tg. rhu and Suntec : 2010
4) Garden by the Bay : 2010
5) Yaching berth & river taxi : 2010
6) IR : 2009
7) Flyer : 2008
8) World's highest Fountain in Kallang basin
9) Developement of land btwn costa rhu & pb : anytime soon

Once all the above is built, it will be difficult to find any other place better than tg rhu in the World.!!!

Checked the caveats today. Santuary green 1152sqft@ $920,000 Beginning of May.
What a relief and i thought i bought high, so i guess i did the right thing huh?
Hopefully this is the beginning of the price increase, if not i am in trouble.

[Get lost]

Checked the caveats today. Santuary green 1152sqft@ $920,000 Beginning of May.
What a relief and i thought i bought high, so i guess i did the right thing huh?
Hopefully this is the beginning of the price increase, if not i am in trouble.
Wow, this fella must be first time player, so bloody excited one. Hahaha, i made my millions when you were still sucking a bottle. 1152sft at $920,000 already so happy? My condo 1450sft sold@ 3.3million how? Who can talk louder?

[relax lah]

Hey take it easy man... we have all types of investors in all price segments here.

Why get so worked up? If you are really a big investor then why get so worked up and insult the smaller guys?

[You get lost too!]

Hey take it easy man... we have all types of investors in all price segments here.

Why get so worked up? If you are really a big investor then why get so worked up and insult the smaller guys?
Because i am a big fella, all you small fry just keep quiet and listen to us.
After all you have been brainwashed and train to listen and be told.

Elites in Singapore will only get richer.

All you small people will eat the left over from our plates.

[Steve Chu]

"The long-term prospect for Singapore's property market is good. You need to house that additional 2 million."

[hayata1972]

Pls help me, actually not too surprised that the prices are already going up, frankly speaking i feel that the pace is still abit slow considering the potential in that area.
In fact if your unit can see the fireworks from the Floating platform this coming National day, your price will go up by at least 150psf. After the Singapore flyer is completed, wow, i wouldn't even dare to imagine.
Anyway you are vested well and so am i.
For the so called Elite guy, i am sure you are a dist9-10 guy. No doubt we cannot afford what you are playing. Each to his own. But there is no point acting so tuff here. Everyone has money to be made, only sooner or later.
More or less.
:sleep: sleep well guys, unless there is a Bird flu pandemic or a full blown recession in the US or china, your investments are safe.

[pls help me]

Good news all santuary green guys, latest unit sold is above $900psf ,mark.
Good luck to all owners

[Unregistered]

There is a slow but strong increase in Tanjong rhu properties now, in fact Costa rhu has also gone up quite alot already. The only property around that area i would say has not much substantial increase is tanjong ria.
Tanjong ria i guess has a problem with its' outlook. Even parkshore is already climbing up.
Waterplace is up because of far east high asking prices. I wonder how is riverine doing?

[pls help me]

Checked today, latest caveat for a 2 room in santuary green has hit 1000psf, wow, that is it guys!!!!

[joe]

Checked today, latest caveat for a 2 room in santuary green has hit 1000psf, wow, that is it guys!!!!

That is great news. Tanjong Rhu has had it bad for many years, what with the prices in the area plummeting more than other areas during the downturn. Now it is finally time for the long-suffering owners of Tanjong Rhu condos to rejoice!

[crazy]

I think the whole market is crazy, 1000psf, yes it is true, but how long can this last? I really wonder, i heard even meyer is asking for more than 1000psf, siao, lets see how much your prices will be after a few years later. This looks like a ridiculous bubble going to explode.

[evelyn owner]

i was hvg b'fast with a property tycoon (top 10 richest man in singapore)n took the chance to ask him what he thought of the property mkt and whether it is different from the past cycles he has seen.he thinks it is different this time cos it is a structural change. PM lee and team have succeeded in branding singapore as a global city/ intl haven for the rich (casino, banking centre,tax haven, F1, yachts, supercars, nightlife, etc) not unlike monaco/zurich.so the cycle will be longer and stronger than prev cycles.

so IMHO the biggest price gain wld be in the areas where the rich play: ardmore, cairnhill, leonie, grange , sentosa, marina.. the no. of enblocs there will see new benchmarks being set with each new launch. the gap betw luxury end n mid end will get bigger.

[Unregistered]

I think the whole market is crazy, 1000psf, yes it is true, but how long can this last? I really wonder, i heard even meyer is asking for more than 1000psf, siao, lets see how much your prices will be after a few years later. This looks like a ridiculous bubble going to explode.

Meyer $1000 psf? You wish! It is more like $2000 psf over there for the sea facing units...

[Meyer]

Meyer $1000 psf? You wish! It is more like $2000 psf over there for the sea facing units...

> $1,000 psf is for Seaview, Amber One, etc..
The asking for Seafront On Meyer, The View @ Meyer, The Belvedere, etc. with seaview is at least > $1,700 psf.

[Unregistered]

how much is the right price to sell, this truly is the biggest question to ask everyone now.

[Observer.]

I think the whole market is crazy, 1000psf, yes it is true, but how long can this last? I really wonder, i heard even meyer is asking for more than 1000psf, siao, lets see how much your prices will be after a few years later. This looks like a ridiculous bubble going to explode.



28 June 2007

First Phase of The Marq Fully Sold
Units sold at an average S$4,137 psf, with a highest price of S$5,100 psf

Singapore, 28 June 2007 - SC Global Developments Ltd, one of Singapore’s leading developers of exclusive luxury residences, is pleased to announce that it received overwhelming response to the first phase of private previews for its ultra luxurious residential development, The Marq On Paterson Hill (‘The Marq’). Previews were by invitation only.

The first phase – about a third of all available apartments – comprising 21 units from the two blocks, Premier Tower and Signature Tower – have been fully sold. The average selling price achieved was $4,137 per square foot. Of the 21 units sold, eight apartments were within The Signature Tower, highly coveted for its signature 15-metre private lap pool in every unit. Prices for the entire development ranged from approximately S$11 million to S$31 million, with a unit in the Signature Tower achieving S$5,100 psf.

The Marq on Paterson Hill is 24 storeys high; the 3 penthouses which occupy the top two floors of the building and apartments on the higher floors were not released in the first phase of private previews. The Signature Tower will be home to 21 ultra spacious 5 –bedroom apartments averaging 6,195 sq ft, beside it will stand the Premier Tower with 42 luxuriously appointed 4 –bedroom apartments averaging 3,000 sq ft.

SC Global Developments has no confirmed date for the release of the second phase of units at this point.


Why say $1,000 psf is crazy?
$1,000 psf is crazily cheap!

Bubble at $1,000 psf?
You must be kidding!

The market has just started to move.
Right now it is trying to reach $5,100 psf from $1,000 psf.

[WTF]

East coast highway frontal condos are going crazy, last check,
cote del sol > $1,100psf
cote d'azur > $1,000psf
waterplace > $1,200psf
sanctuary green > $1,100psf
costa rhu > $1,100psf
WTF?!!!!!!!!!!

[Registered]

East coast highway frontal condos are going crazy, last check,
cote del sol > $1,100psf
cote d'azur > $1,000psf
waterplace > $1,200psf
sanctuary green > $1,100psf
costa rhu > $1,100psf
WTF?!!!!!!!!!!

Meyer Residences > $1,400 psf
The Belvedere > $1,900 psf
The View @ Meyer > $1,800 psf
Seafront On Meyer > $2,200 psf

[Unregistered]

I know of 1 friend that bought ferreria park, anyone has anything to comment about Changi area like ferreria park and edwellwiss park?
I see that Savanah condopark is also compared within this group.
She says ferreria park has good potential for growth base on the price for the freehold property. I quite disagree, what do you guys think?:spliff:

hmmm... actually anything in suburban areas run high risks if get out too slowly... ferraria park is no doubt a beautiful project, edelweiss park not so nice internally, externally resort feel without feeling cluttered...location a bit not so nice (prison, inconvenient)... my views are the same as yours, not a good choice for long term investment....plus now with govt releasing new lands, which can work both ways...lots of folks in suburban areas barely survive / breakeven...

[Unregistered]

i was hvg b'fast with a property tycoon (top 10 richest man in singapore)n took the chance to ask him what he thought of the property mkt and whether it is different from the past cycles he has seen.he thinks it is different this time cos it is a structural change. PM lee and team have succeeded in branding singapore as a global city/ intl haven for the rich (casino, banking centre,tax haven, F1, yachts, supercars, nightlife, etc) not unlike monaco/zurich.so the cycle will be longer and stronger than prev cycles.

so IMHO the biggest price gain wld be in the areas where the rich play: ardmore, cairnhill, leonie, grange , sentosa, marina.. the no. of enblocs there will see new benchmarks being set with each new launch. the gap betw luxury end n mid end will get bigger.


yes, we're now playing with a different denomination in each location.. with orchard taking the lead and the rest trailing behind.... so it doesnt pay to be the first to go first, meaning esp the enblocs... those who took the lead were regretting now..anyway, with the change in gears, we need to condition ourselves to the "speed"... if we get too excited too fast, we may go awry