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which agent is doing this launch?
If a 1bedder is going for 1.2m each I would expect investors will be looking at a min rental of 4.0K, which I think will be difficult in that area.
I'm very sure 1bd will not be 1.2m. so there is no need to talk about 4k for 1bd rental.
What is far more likely is 8xxk for a "SOHO" aka Studio, 1.1/2m for a 2bd, and 1.6/7m plus for a 3bd.
Do you all think the above numbers will be a sell-out ?
( notice I didn't fill in the size.. I think size does not matter here. The quantum does. Developer will fit in the size necessary to achieve the required margin)
(btw I think agent is ERA)
What is far more likely is 8xxk for a "SOHO" aka Studio, 1.1/2m for a 2bd, and 1.6/7m plus for a 3bd.
Do you all think the above numbers will be a sell-out ?
I vote that this price range will be a sell out...and yes...size does not matter:D :D
devilplate
11-03-12, 23:30
I vote that this price range will be a sell out...and yes...size does not matter:D :D
Sure anot?
Sure anot?
if price range same as that one in ponggol:D ... yet design and location so much better ...sure sell like hot cakes :D :D
they better launch quick before cm6
devilplate
11-03-12, 23:39
if price range same as that one in ponggol:D ... yet design and location so much better ...sure sell like hot cakes :D :D
they better launch quick before cm6
Duno leh....i dun like bishan, amk area.....hate to travel cte
The design....hmmm nid to see the showflat and model first
still got cm6? Resale px oredi dropping.....expect another px drop in mar again
Got a feeling this will be a quick sell at 1400-1500psf, the factors of new condo, mbs designer, MRT, mall, central location, good sch, etc makes this irresistible to rich upgrades which are aplently around that areas of amk, bishan, tpy, sergangoon. If centris can do 1500psf, I doubt this will be lower, so my take is this will be at ave 1600..imo
devilplate
11-03-12, 23:44
Got a feeling this will be a quick sell at 1400-1500psf, the factors of new condo, mbs designer, MRT, mall, central location, good sch, etc makes this irresistible to rich upgrades which are aplently around that areas of amk, bishan, tpy, sergangoon. If centris can do 1500psf, I doubt this will be lower, so my take is this will be at ave 1600..imo
Centro...not centris...
Centro so long haven sold out....which means its overpriced
1200-1500psf den can move fast.....any higher will be so so sales pace like bartley r
I'm very sure 1bd will not be 1.2m. so there is no need to talk about 4k for 1bd rental.
What is far more likely is 8xxk for a "SOHO" aka Studio, 1.1/2m for a 2bd, and 1.6/7m plus for a 3bd.
Do you all think the above numbers will be a sell-out ?
( notice I didn't fill in the size.. I think size does not matter here. The quantum does. Developer will fit in the size necessary to achieve the required margin)
(btw I think agent is ERA)
i am even more sure that a 1 bedder unit will not be in the 800k region because in the recent BT article, it was mentioned that the size will range from 680-3000sqft.
@ $800k, a 680sqft unit will be price at $1180psf?? how can that be possible? you throwing smoke ar?
Designed by Moshe Safdie, the 99-year condominium project will have 509 units across two 38-storey towers. Buyers will have a choice of apartment types, namely one-bedroom-plus-study, two-bedroom, two-bedroom- plus-study, three-bedroom and four-bedroom units. Unit sizes range from 680 sq ft to 3,000 sq ft.
1Mio for 1 bedder then??
my guess too ...
my guess too ...
Generous living spaces but pricey tag ah.
maybe targeting upgraders.
1Mio for 1 bedder then??
This is a Moshe Safdie project, so i am expecting the fittings and finishing of this project to be top notch.
i reckon $1m (1470psf) will be the base price for 1 bedder. For higher floor units, expect to pay more, perhaps in the region of $1.2m.
This is a Moshe Safdie project, so i am expecting the fittings and finishing of this project to be top notch.
i reckon $1m (1470psf) will be the base price for 1 bedder. For higher floor units, expect to pay more, perhaps in the region of $1.2m.
I highly doubt they will have top notch fittings, e.g. d'Leedon or Interlace have mass market fittings.
$1m maybe throw in some goodies or discounts will be priced to sell. High floors they will as usual likely hold back and sell at premium.
@kane: I remember d'leedon 1bedder at 600+ sqft size with planter aka balcony is quite decent. I applaud Capitaland for not succumbing to MM sizes.
I highly doubt they will have top notch fittings, e.g. d'Leedon or Interlace have mass market fittings.
$1m maybe throw in some goodies or discounts will be priced to sell. High floors they will as usual likely hold back and sell at premium.
@kane: I remember d'leedon 1bedder at 600+ sqft size with planter aka balcony is quite decent. I applaud Capitaland for not succumbing to MM sizes.
I've stayed in 1 bedder service apts where the usable space is about 600+ and it's quite liveable.
i reckon $1m (1470psf) will be the base price for 1 bedder.
so 1M for 1bd (actually since it has a "study" it's not strictly a "1bd")
1.4M for 2bd
1.8M for 3bd.
acceptable ? sounds a bit high to me...
finishing most likely same as dleedon/interlace. same type of homogeneous tiles/fittings.
@kane: I have also stayed in a 600sqft apt, which has TWO (!) toilets, separate bedroom and living room. feels very spacious and nice.
so 1M for 1bd (actually since it has a "study" it's not strictly a "1bd")
1.4M for 2bd
1.8M for 3bd.
acceptable ? sounds a bit high to me...
finishing most likely same as dleedon/interlace. same type of homogeneous tiles/fittings.
@kane: I have also stayed in a 600sqft apt, which has TWO (!) toilets, separate bedroom and living room. feels very spacious and nice.
Cheapppppppppppppp :scared-2:
so 1M for 1bd (actually since it has a "study" it's not strictly a "1bd")
1.4M for 2bd
1.8M for 3bd.
acceptable ? sounds a bit high to me...
finishing most likely same as dleedon/interlace. same type of homogeneous tiles/fittings.
@kane: I have also stayed in a 600sqft apt, which has TWO (!) toilets, separate bedroom and living room. feels very spacious and nice.
when they engage Moshe Safdie to design this project, I think the intention is very clear, it will be expensive. For capitaland, they are in no hurry to clear their landbank and they are not keen in competing on price either.
Lets hope I am wrong
Centro...not centris...
Centro so long haven sold out....which means its overpriced
1200-1500psf den can move fast.....any higher will be so so sales pace like bartley r
yes, Centro residences...sold to date 268 out of 329, not too bad at 82%. in terms of location, being on the same NS MRT, Sky Habitat is nearer to town than Centro...so i think 1600psf is still attractive.
I've stayed in 1 bedder service apts where the usable space is about 600+ and it's quite liveable.
i thought the 600sqft SOHO at Watertown was very liveable! Very squarish and ceiling of 3.4m sure makes it look bigger...
It will not be as sellable as WT. need to rework their quantum to 700k+
Capital land not as crap as FEO . Building super micro units . But 1200-1400 is quite ex in this area.
Capital land not as crap as FEO . Building super micro units . But 1200-1400 is quite ex in this area.
doubt anything will go below 1.2k psf (their break-even cost)
devilplate
13-03-12, 09:54
Capital land not as crap as FEO . Building super micro units . But 1200-1400 is quite ex in this area.
crapland bedok res 1bdr 5xxsqft leh.....
FEO 1bdr so far all 5xxsqft except 8cy 4xxsqft studio
crapland layout i dun like...this one designer piece....expect crappy layouts wakaka
crapland bedok res 1bdr 5xxsqft leh.....
FEO 1bdr so far all 5xxsqft except 8cy 4xxsqft studio
crapland layout i dun like...this one designer piece....expect crappy layouts wakaka
the design is good for the eyes only function wise it can be a problem. if you look at the flyby video, you will notice some units will have no privacy because of the balcony layout. cost to maintain this place will be huge as well. If it is all white like in the video, i reckon it will turn pinkish or brownish in a couple of years.
the design is good for the eyes only function wise it can be a problem. if you look at the flyby video, you will notice some units will have no privacy because of the balcony layout. cost to maintain this place will be huge as well. If it is all white like in the video, i reckon it will turn pinkish or brownish in a couple of years.
like wine grows with age. Will look better aged.
when they engage Moshe Safdie to design this project, I think the intention is very clear, it will be expensive. For capitaland, they are in no hurry to clear their landbank and they are not keen in competing on price either.
wow u know I look CAPL very up one. u look CAPL even more up than me :D
ok good good, 1600psf all the way. all pty owners happy :D
wow u know I look CAPL very up one. u look CAPL even more up than me :D
ok good good, 1600psf all the way. all pty owners happy :D
It is not about looking up or down. Considering the price they paid for the site, the effort they put in to develop this project and the unit size, I am just saying a 1 bedder cannot be in the region of $800K thats all.
As for $1600? yes for 1 bedder premium unit, do expect to pay that among.
Centro last done is $1,512 for high floor. I will think should be around this price range.
Capital land not as crap as FEO . Building super micro units . But 1200-1400 is quite ex in this area.
Why is FEO crap?
wind say - 1400 to 1500 psf...
Responsed is decent so far. looks like launch is emminent
wind say - 1400 to 1500 psf...
Responsed is decent so far. looks like launch is emminent
Can't be so cheap.
Wild Falcon
22-03-12, 10:00
FEO micro units? I think the studios in FEO most 500 or > 600 sqft. Bigger than Capitaland. Also comes with high ceilings and build in mezzanine for the Soho. Frankly, I'm not a big fan of Capital land's quality after reviewing quite a lot of their completed condos.
Capital land not as crap as FEO . Building super micro units . But 1200-1400 is quite ex in this area.
Can't be so cheap.If really so cheap, rush in to grab lah... no holds barred... make CM6 become a reality...:D
If really so cheap, rush in to grab lah... no holds barred... make CM6 become a reality...:D
Cannot be 1.4k lar. maybe the super low floor big units. ? Avg 1.6 i think :scared-4:
Well depends on how hungry or how daring CapitaLand chooses to be.:o
propertychap
22-03-12, 10:32
so long still no news of launch. response must be not so warm so developer scared to launch
Developer might be taking bearings from the response for Bartley Residences. I suspect they cannot hold too long too. :rolleyes:
They waiting for more cheques so can advertise "Phase 1 90% Sold DURING PREVIEW"
They waiting for more cheques so can advertise "Phase 1 90% Sold DURING PREVIEW"By just launching 10% of the units available? :D
By just launching 10% of the units available? :D
Must also pay for people to Q 1 week a head for the units!
Must also pay for people to Q 1 week a head for the units!
If that happens CM6,7,8,9...all come together
when cheap, complaint....if too expensive also complaint....
when cheap, complaint....if too expensive also complaint....
Cheap got ppl complain meh? Sellers?
flagship74
22-03-12, 23:20
Cheap got ppl complain meh? Sellers?
if not then who?:D
they should strike whilst the iron is hot, seeing how people have flocked to that new development next to potong pasir.
Heard from agent launch is pushed back to june.
Heard from agent launch is pushed back to june.
They trying to wait for a few more rcr launches to push price expectations higher ah?
They trying to wait for a few more rcr launches to push price expectations higher ah?
Can cut both ways. If CM comes, may backfire.
Can cut both ways. If CM comes, may backfire.
There's no headlines euphoria yet. All launches have been quietly selling at a pretty quick pace. Maybe they'll create the next headlines and CM6 comes right after that.
Ai yah, don't think they will touch OCR private new launch condos & resale HDB flats. If new CM6 comes, it will be in line with traditional strategy for cooling: :banghead:
1) target foreigners
2) target PRs
3) target CCR properties
4) target resale private properties!
New launch will be spared and both developers and land sellers huat ah! :scared-2:
There's no headlines euphoria yet. All launches have been quietly selling at a pretty quick pace. Maybe they'll create the next headlines and CM6 comes right after that.
launch coming
http://www.propertyguru.com.sg/listing/9151119/for-sale-bishan-loft
1300psf can buy?
can buy!? sweep all the 1.3k units! :scared-1:
Can cut both ways. If CM comes, may backfire.Developers must be super confident that they can hold prices and sell even after finish construction and not compromise on their asking therefore they dare to push back or they have news of something big coming therefore they push back??? Hmmm.... :rolleyes:
Heard from agent launch is pushed back to june.
Understand the launch schedule no change - sometime April
can buy!? sweep all the 1.3k units! :scared-1:
Provided you got the ammo to tahan for 4 years...
Understand the launch schedule no change - sometime April
I read the launch would be in end Mar to early Apr too. Okay, anyway shall kay poh next month and visit the showflat.
How too when 18 Woodsville already hitting $$1600-1700psf w/o renown architect in D13?
Provided you got the ammo to tahan for 4 years...
Woodsville is setting the pace for them. Plus so many hdb upgraders in the neighbourhood who haven't seen a new launch since clover.
Woodsvillie is FH lah but this place has renowned architect. Seems that prices is going to at least maintain and going north at least in the next few months.
Woodsville is setting the pace for them. Plus so many hdb upgraders in the neighbourhood who haven't seen a new launch since clover.
this one just grap... think too much will miss out the good units!:D
How ironic, first we say they carrot head to buy the land at so much higher. Then now we have people saying just grab ah.
Ai yah, don't think they will touch OCR private new launch condos & resale HDB flats. If new CM6 comes, it will be in line with traditional strategy for cooling: :banghead:
1) target foreigners
2) target PRs
3) target CCR properties
4) target resale private properties!
New launch will be spared and both developers and land sellers huat ah! :scared-2:
The cooling is needed for new launches more than resale or CCR properties. Resale and CCR market is rather dead at the moment. The bubble is in the new launches.
6 year SSD for new launches. 24% and 20% for the first 2 years respectively.
6 year SSD for new launches. 24% and 20% for the first 2 years respectively.
Then everyone will start go back look for resale and resale price went up, bubble starts to form in resale segment.
Lppl. Forever, there's no end to this.
Then everyone will start go back look for resale and resale price went up, bubble starts to form in resale segment.
Lppl. Forever, there's no end to this.
Might not. If they are forced to hold and rent resale out for 4 years. It might not be as enticing.
The cooling is needed for new launches more than resale or CCR properties. Resale and CCR market is rather dead at the moment. The bubble is in the new launches.
I think one significant factor pushing up new launches is better marketing and better concepts ie; spa pools, water features, lifestyle living viz soho, beach, reservoir, river, mall/mrt integrated. This new direction has made older properties look jaded and tired. To top all this, the quantum of mass property is not exactly out of reach either.
Impose additional property tax (APT)... 1 month household income for 1st property, 2 months household income for 2nd property, 3 months household income for 3rd property... :D
I think one significant factor pushing up new launches is better marketing and better concepts ie; spa pools, water features, lifestyle living viz soho, beach, reservoir, river, mall/mrt integrated. This new direction has made older properties look jaded and tired. To top all this, the quantum of mass property is not exactly out of reach either.
lifestyle I don't think so... more like mass mess housing:D :D
devilplate
24-03-12, 10:51
The cooling is needed for new launches more than resale or CCR properties. Resale and CCR market is rather dead at the moment. The bubble is in the new launches.
actually new launches quantum per unit is lower den resale.....psf bubble for new launches whereas quantum bubble for resale
devilplate
24-03-12, 10:52
6 year SSD for new launches. 24% and 20% for the first 2 years respectively.
tats useless....more effective will be 4yrs 16% SSD flat rate starts from TOP date (almost like 4yr MOP) :D
devilplate
24-03-12, 10:54
Then everyone will start go back look for resale and resale price went up, bubble starts to form in resale segment.
Lppl. Forever, there's no end to this.
it wun.....resale quantum simply too high for upgradder to swallow and nid to fork out $ for reno
devilplate
24-03-12, 10:56
Impose additional property tax (APT)... 1 month household income for 1st property, 2 months household income for 2nd property, 3 months household income for 3rd property... :D
might as well impose 10% absd across all buyers :D
impose jialat jialat one and crash the market better :D
dun waste time wif cm6,7,8 etc
devilplate
24-03-12, 10:58
lifestyle I don't think so... more like mass mess housing:D :D
u cant deny the fact tat many of the older resale condos r rundown.....u can reno ur own interior of ur unit but u cant reno the common areas
Don't give ideas to the authority. You have sold of all your investment properties. Very hefty for multi-property owners. :scared-3:
Impose additional property tax (APT)... 1 month household income for 1st property, 2 months household income for 2nd property, 3 months household income for 3rd property... :D
devilplate
24-03-12, 17:49
Don't give ideas to the authority. You have sold of all your investment properties. Very hefty for multi-property owners. :scared-3:
Nobody in the forum would have predicted 10% absd for foreigners leh.....simply outta the world
Are these new? Ans: No. Older condos have are much more spacious than the new ones, more usable space (means you pay even less $PSF if you consider only the usable space, not those planter areas you can't use and access, those big big air-con ledges for what?!, those big balconies for what when your rooms are big enough for dwarfs and hobbits?!)
The real reason why new launch are popular:
1) 4 years SSD will be over by the time the properties about to TOP.
2) Pay 20% option can buy a property, the rest of 20% cash can wait for up to 2 years (better leverage, circumvent the 60% LTV problem), don't have to take up loan and pay interest for next 60% loan.
3) Buyers limited cash, no cash to renovate, so can't buy resale that is 35%-50% cheaper than new launch, die die must pay 35-50% more for new launch!
I think one significant factor pushing up new launches is better marketing and better concepts ie; spa pools, water features, lifestyle living viz soho, beach, reservoir, river, mall/mrt integrated. This new direction has made older properties look jaded and tired. To top all this, the quantum of mass property is not exactly out of reach either.
So buy new one won't become run-down 5 years down the road? :doh:
Actually if scare estate run-down, buy resale safer because after 10 years if estate still well-maintained means they will continue to be well maintained. I have seen relatively new condos of 3 years old that look worse than >10 years old condos because of poor maintenance!
u cant deny the fact tat many of the older resale condos r rundown.....u can reno ur own interior of ur unit but u cant reno the common areas
might as well impose 10% absd across all buyers :D
impose jialat jialat one and crash the market better :D
dun waste time wif cm6,7,8 etc
cannot lah, developers eat north west wind and fold up.
Are these new? Ans: No. Older condos have are much more spacious than the new ones, more usable space (means you pay even less $PSF if you consider only the usable space, not those planter areas you can't use and access, those big big air-con ledges for what?!, those big balconies for what when your rooms are big enough for dwarfs and hobbits?!)
The real reason why new launch are popular:
1) 4 years SSD will be over by the time the properties about to TOP.
2) Pay 20% option can buy a property, the rest of 20% cash can wait for up to 2 years (better leverage, circumvent the 60% LTV problem), don't have to take up loan and pay interest for next 60% loan.
3) Buyers limited cash, no cash to renovate, so can't buy resale that is 35%-50% cheaper than new launch, die die must pay 35-50% more for new launch!
Sorry but don't understand part 2... isn't the 40% to be paid upfront?
devilplate
25-03-12, 00:35
So buy new one won't become run-down 5 years down the road? :doh:
Actually if scare estate run-down, buy resale safer because after 10 years if estate still well-maintained means they will continue to be well maintained. I have seen relatively new condos of 3 years old that look worse than >10 years old condos because of poor maintenance!
Whr got tink 5yrs down the road....
Spend money to upgrade ....must get new new.....2nd hand bey gian....bey high mah
China buyers worse hor......mostly die die want brandnew homes one hor...no 2nd hand
I think one significant factor pushing up new launches is better marketing and better concepts ie; spa pools, water features, lifestyle living viz soho, beach, reservoir, river, mall/mrt integrated. This new direction has made older properties look jaded and tired. To top all this, the quantum of mass property is not exactly out of reach either.
That's because the floor area has shrunk! Honey I shrunk the condo!!!
In order to live in the new condos, you have to be very minimalist. Not one little bit of clutter. Cannot store or hoard anything. There is so little space....every year must throw out the old clothes and books before buying new ones.
I can see huge potential in those storage places that rent out storage rooms. Those hobbits staying in the new MM (mass market/mickey mouse) will need somewhere to put their "junk".
Sorry but don't understand part 2... isn't the 40% to be paid upfront?
Aha! Didn't you know that you DON'T need to pay the 40% upfront? That's one of the major reasons why the new launches are selling like hot cakes.
Sorry but don't understand part 2... isn't the 40% to be paid upfront?
Progressive Payment scheme
Aha! Didn't you know that you DON'T need to pay the 40% upfront? That's one of the major reasons why the new launches are selling like hot cakes.
But usually the whole 40% kicks in by the first 2 years. If they didn't have that kind of money to begin with, it's quite hard to save that much in such a short time.
But usually the whole 40% kicks in by the first 2 years. If they didn't have that kind of money to begin with, it's quite hard to save that much in such a short time.
What about they have only the remaining 10% , and banking on saving the rest in the next 2yrs ?
Or they have the remaining 20% but not in cash but other assets, so they have 2 yrs to manage the cash flow ?
Or even bettter, has no 20%, but will be selling their existing HDB for good profit in the next 2yrs?
Look this 40% is a big barrier for resale. Without this 40% cash right now you simply cannot do resale at all. With new, you can.
One thing gov can do as a CM, is to require buyers to put up 40% upfront in an escrow account.
Aha! Didn't you know that you DON'T need to pay the 40% upfront? That's one of the major reasons why the new launches are selling like hot cakes.
Really didn't know... But then again... I don't look at new launches... They are overpriced. Have always been looking at resale.
devilplate
25-03-12, 14:15
What about they have only the remaining 10% , and banking on saving the rest in the next 2yrs ?
Or they have the remaining 20% but not in cash but other assets, so they have 2 yrs to manage the cash flow ?
Or even bettter, has no 20%, but will be selling their existing HDB for good profit in the next 2yrs?
Look this 40% is a big barrier for resale. Without this 40% cash right now you simply cannot do resale at all. With new, you can.
One thing gov can do as a CM, is to require buyers to put up 40% upfront in an escrow account.
Govt shd just do it.....to prove u wrong....:p
felicia_sg
25-03-12, 16:00
All the China's Chinese I know that buy for own stay buy resale instead! I ask them I thought you people like to buy new? The reply I get is that "only China speculators & idiots buy new & pay >30% premium!"! :o
Whr got tink 5yrs down the road....
Spend money to upgrade ....must get new new.....2nd hand bey gian....bey high mah
China buyers worse hor......mostly die die want brandnew homes one hor...no 2nd hand
felicia_sg
25-03-12, 16:06
Why you think the average middle income working class buying OCR properties willing to pay >30% premium for new launch? Won't the new property be old once they take possession to live in? Is it not like they are so rich that they so happy to burn money just to want new things? ;)
Govt shd just do it.....to prove u wrong....:p
What about they have only the remaining 10% , and banking on saving the rest in the next 2yrs ?
Or they have the remaining 20% but not in cash but other assets, so they have 2 yrs to manage the cash flow ?
Or even bettter, has no 20%, but will be selling their existing HDB for good profit in the next 2yrs?
Look this 40% is a big barrier for resale. Without this 40% cash right now you simply cannot do resale at all. With new, you can.
One thing gov can do as a CM, is to require buyers to put up 40% upfront in an escrow account.
They are running a tight ship if they were trying to raise 20% in those 2 years by selling stuff.
devilplate
25-03-12, 18:35
All the China's Chinese I know that buy for own stay buy resale instead! I ask them I thought you people like to buy new? The reply I get is that "only China speculators & idiots buy new & pay >30% premium!"! :o
oooo i dun hf any close china chinese frens wor
wat i gather is from FEO agts.....alot of their carrot projects r bot by china buyers hor......
devilplate
25-03-12, 18:38
Why you think the average middle income working class buying OCR properties willing to pay >30% premium for new launch? Won't the new property be old once they take possession to live in? Is it not like they are so rich that they so happy to burn money just to want new things? ;)
u misunderstood me la
wat i mean was: i do not believe many buyers bot into new launches without ready 40% cash/cpf.....i wud believe they r just the minority......wif 4yrs SSD....cannot flip/subsale......only brainless hero buy without ready cash/cpf of 40%
Devil, in contrary to your believe, I believed that the majority buyers bot new launches without really 40%cash/CPF. I believed that they are buying the time now to get funds for these 40% cash/CPF. Why with 4 SSD cannot flip/subsale? These people believed that the property price will always be up and believed that they still can flip when they had served 4 y ssd even before they take loan for the remaining 60% .... From initial buying new launches to paying full 40% , it is going to take more than 3 years for most if not all new launches and I know some even take 5 years (last time).
Even upon TOP, you just need to pay up to 85%, the rest are after CIC which is 1 yr later.
Here you are for progressive payment:
Progress Payment (New Condo)
Standard Payment Scheme
No Existing Mortgage Loans (80% Bank Loan) StagePayment ( % of purchase price )Upon the grant of Option to Purchase (Booking fee)5% - 10%(Cash only)Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date20% less booking fee(CPF)Completion of foundation work (Start of loan payments)10%Completion of reinforced concrete framework of unit10%Completion of brick walls of unit5%Completion of roofing/ceiling of unit5%Completion of electrical wiring, internal plastering, plumbing and installation of door and window frames of unit5%Completion of car park, roads and drains serving the housing project5%Notice of Vacant Possession25%On Completion Date15%
Until now, I still have not heard your concreate view about why new launches fare 30% more than the resale? Is it just as simple as all buyers want new thing/house?
u misunderstood me la
wat i mean was: i do not believe many buyers bot into new launches without ready 40% cash/cpf.....i wud believe they r just the minority......wif 4yrs SSD....cannot flip/subsale......only brainless hero buy without ready cash/cpf of 40%
devilplate
25-03-12, 19:48
tats y i said....
govt shd just impose the cm suggested by amk and see whether ocr new launches still remain hot or cool down
devilplate
25-03-12, 19:54
Until now, I still have not heard your concreate view about why new launches fare 30% more than the resale? Is it just as simple as all buyers want new thing/house?
how to haf concrete views rite?
or lets go and interview or check those buyers who bot watertown to see whether they haf ready 40% cpf/cash for those taking 60% ltv loan?
I challenge the govt to introduce the following & prove us wrong:
1) 40% cash must be paid upfront (can be in escrow with govt or law society) & 60% loan must be secured before people can buy new launch.
2) 4-years SSD start from date that 100% of property price has been paid just like resale properties & before that is 16%.
3) Transparency of valuations from banks because there are just too many cases where their valuation Cannot match selling price of resale but yet they can match selling price of developers' new launch at price >30% premium of the resale! :doh:
tats y i said....
govt shd just impose the cm suggested by amk and see whether ocr new launches still remain hot or cool down
devilplate
25-03-12, 20:00
I challenge the govt to introduce the following & prove us wrong:
1) 40% cash must be paid upfront (can be in escrow with govt or law society) & 60% loan must be secured before people can buy new launch.
2) 4-years SSD start from date that 100% of property price has been paid just like resale properties & before that is 16%.
3) Transparency of valuations from banks because there are just too many cases where their valuation Cannot match selling price of resale but yet they can match selling price of developers' new launch at price >30% premium of the resale! :doh:
only point number 1 is needed to prove ur theory of new launch buyers 'buying' time
I challenge the govt to introduce the following & prove us wrong:
1) 40% cash must be paid upfront (can be in escrow with govt or law society) & 60% loan must be secured before people can buy new launch.
2) 4-years SSD start from date that 100% of property price has been paid just like resale properties & before that is 16%.
3) Transparency of valuations from banks because there are just too many cases where their valuation Cannot match selling price of resale but yet they can match selling price of developers' new launch at price >30% premium of the resale! :doh:
I support :cheers4:
I'm saying your view. you mean you have no view?
how to haf concrete views rite?
or lets go and interview or check those buyers who bot watertown to see whether they haf ready 40% cpf/cash for those taking 60% ltv loan?
I am tailoring for a whole package of my view about why new launches are higher than resale by > 30%.
Buying time is just a factor, SSD is also another factor. Very often, the same buyer cannot secure a loan from the bank for the resale but they can get the loan for buying new launches at sky high price (higher than resale price). What say you? so, securing a loan is also another factor.
only point number 1 is needed to prove ur theory of new launch buyers 'buying' time
We are all assuming that a lot of the upgraders have outstanding loans. But perhaps a lot already paid off their HDB loan so very comfortable with the 20% downpayment.
devilplate
25-03-12, 20:59
I'm saying your view. you mean you have no view?
Last time we debate b4 liao....dunwan repeat....sian oredi
Some said that the next CM will be for the commercial and industrial buildings.
I challenge the govt to introduce the following & prove us wrong:
1) 40% cash must be paid upfront (can be in escrow with govt or law society) & 60% loan must be secured before people can buy new launch.
2) 4-years SSD start from date that 100% of property price has been paid just like resale properties & before that is 16%.
3) Transparency of valuations from banks because there are just too many cases where their valuation Cannot match selling price of resale but yet they can match selling price of developers' new launch at price >30% premium of the resale! :doh:
devilplate
25-03-12, 21:02
I am tailoring for a whole package of my view about why new launches are higher than resale by > 30%.
Buying time is just a factor, SSD is also another factor. Very often, the same buyer cannot secure a loan from the bank for the resale but they can get the loan for buying new launches at sky high price (higher than resale price). What say you? so, securing a loan is also another factor.
I din disagree wif u on securing loan...i questioned last time b4 tat y banks always able to match developer asking px
devilplate
25-03-12, 21:03
Some said that the next CM will be for the commercial and industrial buildings.
Today got some new rules about shophouses....
Today got some new rules about shophouses....
Only for serangoon gardens right
C200 minus the tax as a MM2H resident is about $80,000. Not bad. ;)
Today got some new rules about shophouses....
I am referring to B1, B2 type of commercial units. Some unit are suppose to be light industry.
Today got some new rules about shophouses....
devilplate
25-03-12, 21:10
C200 minus the tax as a MM2H resident is about $80,000. Not bad. ;)
Seriously bro...u can afford it in sg.....dun hf to geng so deep rite? We only live once....
However if u really enjoy jb as ur retirement plc and not bcoz u wana save some coffin money, den its perfectly fine :D
Retirement is about peaceful and stress-free lifestyle. It is natural to doing a pros and cons analysis in making any decision. Tax free Car is just by the way another advantage.
Seriously bro...u can afford it in sg.....dun hf to geng so deep rite? We only live once....
However if u really enjoy jb as ur retirement plc and not bcoz u wana save some coffin money, den its perfectly fine :D
Only for serangoon gardens right
they mentioned a few areas. URA says subject to residents' complaints and URA's assessment.
devilplate
25-03-12, 21:36
Retirement is about peaceful and stress-free lifestyle. It is natural to doing a pros and cons analysis in making any decision. Tax free Car is just by the way another advantage.
Personal safety overrides everything....
No peace of mind for me
Some rich msians and indo wana retire in sg instead.....
Will meet the maker when the time is up no matter where one is.
Personal safety overrides everything....
No peace of mind for me
Some rich msians and indo wana retire in sg instead.....
Personal safety overrides everything....
No peace of mind for me
Some rich msians and indo wana retire in sg instead.....
with all these "mistaken identity" when they "accidently" drag the kids away from the parents, I'm not sure I feel as safe as before...
devilplate
25-03-12, 23:25
Will meet the maker when the time is up no matter where one is.
Sounds familiar! Agts selling geylang projects mentioned similar stuff like this b4!
Nice one!
devilplate
25-03-12, 23:26
with all these "mistaken identity" when they "accidently" drag the kids away from the parents, I'm not sure I feel as safe as before...
sorry....wat had happened? Sounds spooky
sorry....wat had happened? Sounds spooky
do a google search on ang mo kio hub and mistaken identity and kid. you'll find some discussion on it.
i wouldn't want my kid to go missing because of some mistaken identity.
devilplate
25-03-12, 23:39
do a google search on ang mo kio hub and mistaken identity and kid. you'll find some discussion on it.
i wouldn't want my kid to go missing because of some mistaken identity.
Icic
sg is small....tats the advantage.....
But den there r plans to build mrt link to jb rite? I hope it will not materalise
Icic
sg is small....tats the advantage.....
But den there r plans to build mrt link to jb rite? I hope it will not materalise
i think it's a matter of time, but it'll take a long time to materialise.
devilplate
25-03-12, 23:48
i think it's a matter of time, but it'll take a long time to materialise.
When it materalise....den i will tink abt migrating to jb since crime rate will be similar and hse and car alot cheaper there
If i can afford, i will go for oz
When it materalise....den i will tink abt migrating to jb since crime rate will be similar and hse and car alot cheaper there
If i can afford, i will go for oz
which city in oz? perth? melbourne?
devilplate
26-03-12, 00:45
which city in oz? perth? melbourne?
Duno....nvr tink of migrating now wor....
I love nz actually....but earthquake leh....so sad
nz too far from everything else.
felicia_sg
26-03-12, 07:56
Maybe you can repeat to let us new fellow forumer to understand why new launches are higher than resale by >30%
Last time we debate b4 liao....dunwan repeat....sian oredi
which city in oz? perth? melbourne?
Melb is exp! perth is catching up though. I think queensland is the best :sleep:
Duno....nvr tink of migrating now wor....
I love nz actually....but earthquake leh....so sad
there is no earthquake in auckland. Afffected area is christchurch and south part
devilplate
26-03-12, 10:51
Maybe you can repeat to let us new fellow forumer to understand why new launches are higher than resale by >30%
nonono
tat time i was debating y new launches r still hotter den resale after cm4-4yrs ssd announced
one of my reasons is: new launches r not even 20% higher den resale nrby(those just TOP and less den 5yo ones) and new launches quantum is comparable if not lower den resale....
enuff said....NEXT :p
Duno....nvr tink of migrating now wor....
I love nz actually....but earthquake leh....so sad
Migrate to China. :D
devilplate
26-03-12, 10:54
and nononono....
i noe u gona pick watertown and bedok residence and say they r 30% higher!!!
i can also pick att, palette, riversound, parc vera etc :p
sian liao....repeating all these over and over again :p
Migrate to China. :D
While they are all migrating over here :cheers5:
devilplate
26-03-12, 11:05
there is no earthquake in auckland. Afffected area is christchurch and south part
the problem is i love the southern parts.....i covered almost whole of NZ b4.....
auckland boring....zzzzzzzzzzzzzzzzzzzzzzzzzz
the problem is i love the southern parts.....i covered almost whole of NZ b4.....
auckland boring....zzzzzzzzzzzzzzzzzzzzzzzzzz
what do u do there? bungee jump and sky dive? :cheers5:
devilplate
26-03-12, 11:11
what do u do there? bungee jump and sky dive? :cheers5:
so so scenic :D
retirement paradise :D
one word: LOVELY :D
so so scenic :D
retirement paradise :D
one word: LOVELY :D
South, Queenstown bestiest.
... for a moment I thought we were discussing a project in NZ ... ;)
the problem is i love the southern parts.....i covered almost whole of NZ b4.....
auckland boring....zzzzzzzzzzzzzzzzzzzzzzzzzz
what people do is stay in auckland for most of their time but travel to their second home in the south .
u can have a cheap second home in the south. but i prefer to rent for eg. stay 2 mths in the mountain another 2 months near waterfall and another 2 mths near a lake..
i like the culture , people and their courtesy
devilplate
26-03-12, 14:18
what people do is stay in auckland for most of their time but travel to their second home in the south .
u can have a cheap second home in the south. but i prefer to rent for eg. stay 2 mths in the mountain another 2 months near waterfall and another 2 mths near a lake..
Great idea!
U sounds familiar wif nz...study or work there before?
Their people r bestestest :D
Great idea!
U sounds familiar wif nz...study or work there before?
Their people r bestestest :D
private and confidential...:cheers1:
i hope my rental here can fund my rental holiday in nz...
so so scenic :D
retirement paradise :D
one word: LOVELY :DIs it safe with earthquake?
devilplate
26-03-12, 20:31
Is it safe with earthquake?
When the time is up to meet the maker, it doesnt matter where u r :D
go apply for NZ PR ... they welcome us
go apply for NZ PR ... they welcome us
That's correct. And their PR is for life unlike Australia, Canada, US.
i believed , many here can survived in nz with one or two rental income with either one fully paid off condos in sg...
That's correct. And their PR is for life unlike Australia, Canada, US.
now so many know this trick. I thought I was the only few who discovered their PR is valid for life unlike Australia.
best still convert to NZ passport can go to Aust anytime and any duration. they've a special agreement between NZ/Aust.
what do u do there? bungee jump and sky dive? :cheers5:
Yah... Bungee jump every morning
Then, sky dive every afternoon.... Then what? Shear sheep?
Boring!:sleep:
Better than listening to all the gov ranting and rat racing everyday
I hear agent briefing taking place this week.
I hear agent briefing taking place this week.
So they palnning an April launch then. Must check out their designer architecture.
So they palnning an April launch then. Must check out their designer architecture.CM6 depends on you, Sky Habitat! :rolleyes: Pls don't...
Yah... Bungee jump every morning
Then, sky dive every afternoon.... Then what? Shear sheep?
Boring!:sleep:
Their pace of life is much slower than SG. You will vegetate there. Nothing much to do. When you're older, you won't be able to bungee jump/sky dive/shear sheep. I have heard a few Singaporeans who migrated there but came back after a few years. I also have 2 colleagues from my line of work who emigrated to Australia but came back after a few years. The grass is always looking greener on the other side of the fence. But you aren't a sheep so you won't be eating grass yeah?
CM6 depends on you, Sky Habitat! :rolleyes: Pls don't...
You reckon they will price to move this project or go for record pricing?
Maybe another Interlace or D'Leedon.
You reckon they will price to move this project or go for record pricing?
CM6 depends on you, Sky Habitat! :rolleyes: Pls don't...
frankly, if they offered it at 1700psf and people still bite, it goes to show how deep the investors pockets are. so how do you cool that?
and if you put too high a tax on multiple properties, then it becomes a disincentive for people to strive higher. competition for jobs, limitations on investments. it really dulls the desire to climb.
You reckon they will price to move this project or go for record pricing?On a more selfish note, think they'll go for record pricing initially to test market but give huge discounts... if buyers are flocking in, they'll remove VVIP discounts by 3rd day and launch more units later... hmmm... if lousy response, they'll just continue with those discounts for another week or two before deciding the next move. :)
Maybe another Interlace or D'Leedon.Unlikely lah... :rolleyes:
frankly, if they offered it at 1700psf and people still bite, it goes to show how deep the investors pockets are. so how do you cool that?
and if you put too high a tax on multiple properties, then it becomes a disincentive for people to strive higher. competition for jobs, limitations on investments. it really dulls the desire to climb.3rd and subsquent properties must pay full (no bank loans). That'll be the litmus test on the depth of investor's pockets...
i think there'll be a wide range, the seemingly palatable psf, and the out of this world psf. just like watertown.
i think there'll be a wide range, the seemingly palatable psf, and the out of this world psf. just like watertown.
They need to keep in mind that if their prices are deemed too high, people may just want to wait out for the other 2 plots beside SH as alternatives.
They need to keep in mind that if their prices are deemed too high, people may just want to wait out for the other 2 plots beside SH as alternatives.
What if capitaland corners the market there? They have a deep cash warchest...
You sure ATT, Palette Riversound, Parc Vera cheaper than resale? Why not give some concrete real data instead? These must be cheap for a reason or there is something we don't know? :p
and nononono....
i noe u gona pick watertown and bedok residence and say they r 30% higher!!!
i can also pick att, palette, riversound, parc vera etc :p
sian liao....repeating all these over and over again :p
This project is better than Watertown, but will Capitaland resort to the same lame tactics like Far East?
Dangling complex discounts work for HDB upgraders but will look cheapo marketing if they are trying to appeal to the affluent.
Vicinity discount or hdb dweller discount is quite amusing.
devilplate
27-03-12, 00:03
You sure ATT, Palette Riversound, Parc Vera cheaper than resale? Why not give some concrete real data instead? These must be cheap for a reason or there is something we don't know? :p
Did i say cheaper?
U love to twist and turn like sissy b? :p
NEXT :D
devilplate
27-03-12, 00:10
nonono
tat time i was debating y new launches r still hotter den resale after cm4-4yrs ssd announced
one of my reasons is: new launches r not even 20% higher den resale nrby(those just TOP and less den 5yo ones) and new launches quantum is comparable if not lower den resale....
enuff said....NEXT :p
Teddybear either love to twist and turn or he getting senile liao
Did i say cheaper den resale?
Pls enlighten :p
No. I didn't twist! I just questioned u n confirm so that I can understand your view. Can't you see it is a question? You broke your view into a few short postings and it is difficult to follow! Now you know why it is so misleading.... :D
Firstly, why chosed those newly top units as resales in comparison with new launches? prices of these newly top units are the highest among all the resales n their prices are still relatively high? of course, you get <20% delta. Why not compare with majority resales within the same area? This will be more representative. You will get >30% delta between resales and new launches?
Secondly, why make you think that the resales<20%, the new launches will be hotter? I don't understand the logic n can u elaborate more?
BTW, I've very good memory and can type extremely fast. Even many youngsters can't beat me! Of which, I'm still very proud of todate
Let me get into the bottom to understand, once I get all your reasons and logics, I'll address one by one on why your views do not hold water leh:D
Teddybear either love to twist and turn or he getting senile liao
Did i say cheaper den resale?
Pls enlighten :p
devilplate
27-03-12, 09:06
teddybear.....
u can try looking at ocr resale condos at pptyguru.....and den u see whether u can find some good resale units which is better buy den those projects tat i listed. for MM new launches, perhaps u can also try finding cheaper resale MM compared with recent sold out MM projects like guillemard edge and casa cambio
i believe u will den understand y ppl still go for new launches.....;)
devilplate
27-03-12, 09:09
many read too much on headline news oredi.....
they only look at watertown and bedok residence to draw conclusions....
the fact is tat not all new launches r hot too.....many other projects r priced reasonably and they did not performed as gd as WT and BR
WT and BR both r integrated projects
devilplate
27-03-12, 09:15
dun ask me for concrete data to back up.....i dun earn a living by providing my own views and opinions here.....i come here tcss and learn at the same time
instead of asking me for concrete data, u can also show us some concrete data to prove me wrong....it will benefit many other bro/sis here :D
many read too much on headline news oredi.....
they only look at watertown and bedok residence to draw conclusions....
the fact is tat not all new launches r hot too.....many other projects r priced reasonably and they did not performed as gd as WT and BR
WT and BR both r integrated projects
And even then there are still available larger units in WT and BR
Issit their trend to build with famous designers ?
Make it premium - more 'Atas'. Command higher prices.
Can boast to your neighbours, who are mostly in government built flats or maybe Bishan Loft//Bishan8 dewellers.
Issit their trend to build with famous designers ?
Make it premium - more 'Atas'. Command higher prices.
Can boast to your neighbours, who are mostly in government built flats or maybe Bishan Loft//Bishan8 dewellers.
Yea i know their rational bue seems like Cap land always building stuff like tat?
Well, if it works - though thats highly debatable with D'Leedon.
Perhaps they just want to differentiate their brand value thro' this type of differentiation. Good for conning the rich-China clientile.
Yea i know their rational bue seems like Cap land always building stuff like tat?
Yea i know their rational bue seems like Cap land always building stuff like tat?
Good wat. You need architectural diversity in a otherwise monotonous HDB landscape.
devilplate
27-03-12, 11:50
Good wat. You need architectural diversity in a otherwise monotonous HDB landscape.
yes i agree but it cud be a flop to hf designer condo in the heartlands.....
must be smthing like d4 reflections location la.....wakakakakaka
yes i agree but it cud be a flop to hf designer condo in the heartlands.....
must be smthing like d4 reflections location la.....wakakakakaka
Quite brave, I must say. But, u know, Sporeans always like to have distinctions; different from others to show off.
Capland banging on this "I am atas" mentality. TG tried to do it, but don't know whether it is successful anot.
bakasa2002
27-03-12, 12:21
Heard smallest unit start fr 840sqf up till abt 3000sqf for penthouse! Wow, it will cost close to 5mil for PH ... :)
devilplate
27-03-12, 12:26
Quite brave, I must say. But, u know, Sporeans always like to have distinctions; different from others to show off.
Capland banging on this "I am atas" mentality. TG tried to do it, but don't know whether it is successful anot.
this project really located within heartlands leh....
at least TG can be considered as upp thomson mah.....wakakaka
devilplate
27-03-12, 12:28
Heard smallest unit start fr 840sqf up till abt 3000sqf for penthouse! Wow, it will cost close to 5mil for PH ... :)
wow dun hf mms.....sure?
yes i agree but it cud be a flop to hf designer condo in the heartlands.....
must be smthing like d4 reflections location la.....wakakakakaka
Hahaha this is wat i wanted to say, this is bishan leh? use MBC designer :doh:
Hahaha this is wat i wanted to say, this is bishan leh? use MBC designer :doh:
what, u dun know bishan ppl also very atas one meh ? can match D15 siglap ok
what, u dun know bishan ppl also very atas one meh ? can match D15 siglap ok
Yes i know the recent highs of the HDB prices and condos there. What are u taking to match D15? the prices or amenities or people? :beats-me-man:
You have no data? Then how you know resale is expensive compared to new launch? Why you say att or Palette or whatever cheaper than resale? Any how suka suka say?
Why your newly TOP condos cannot even sell at same price as new launch? Shouldn't they sell at premium instead Because of risks like:
- developers run-road
- developers give you cheap quality while using best quality in showroom
- developers give you lousy workmanship
- actual unit much smaller than showroom
- most important of all, you can feel, touch, & see for yourself end product, you buy actual product & not promise by developers.
- you can live in immediately or get income.
Why why why people don't want all above benefits? I can think of 3 reasons which I already mentioned before, the reason people die die must buy new launch even if pay >30% premium to resale & even at premium to newly TOP ones (when common sense tells us that newly TOP units should sell at premium to new launch).
dun ask me for concrete data to back up.....i dun earn a living by providing my own views and opinions here.....i come here tcss and learn at the same time
instead of asking me for concrete data, u can also show us some concrete data to prove me wrong....it will benefit many other bro/sis here :D
You have no data? Then how you know resale is expensive compared to new launch? Why you say att or Palette or whatever cheaper than resale? Any how suka suka say?
Why your newly TOP condos cannot even sell at same price as new launch? Shouldn't they sell at premium instead Because of risks like:
- developers run-road
- developers give you cheap quality while using best quality in showroom
- developers give you lousy workmanship
- actual unit much smaller than showroom
- most important of all, you can feel, touch, & see for yourself end product, you buy actual product & not promise by developers.
- you can live in immediately or get income.
Why why why people don't want all above benefits? I can think of 3 reasons which I already mentioned before, the reason people die die must buy new launch even if pay >30% premium to resale & even at premium to newly TOP ones (when common sense tells us that newly TOP units should sell at premium to new launch).
so why why why? :D:cheers5:
devilplate
27-03-12, 16:39
i oredi told u to go and find better deals in the resale market and prove me wrong
devilplate
27-03-12, 16:40
so why why why? :D:cheers5:
teddybear fed up his ccr resale px keep dropping....but ocr new launches in punggol almost fully sold.....
den fed up and alot of yyyyyy lor....
waakakakkakaka
I can understand his feelings lar,
Now KBW wanna announce singles also can buy HDB. If tmr headline news i will also come here why why why liao :( all my plans are wrong now. :doh:
devilplate
27-03-12, 16:47
I can understand his feelings lar,
Now KBW wanna announce singles also can buy HDB. If tmr headline news i will also come here why why why liao :( all my plans are wrong now. :doh:
den u go to many other forums and shout big big everyday lor....shout why buy pte liao cannot buy bto? unfair!! wakakakaka
den u go to many other forums and shout big big everyday lor....shout why buy pte liao cannot buy bto? unfair!! wakakakaka
that 1 nvm, haha maybe last time rationale was pte pty = rich ma. they never expected MMs to come about. now 3xxk also can buy HDB 2 roomflat equivalent.
those 600sqft 3 bedders is like 4 room HDB liao leh! lol only wat? 6xx-8xxk right?
I feel more painful if someone with my profile now can buy HDB BTO :doh:
The reasons why many people die die must buy new launch at >30% premium to nearby resale are due to govt policy reasons and the buyers' not-enough-CASH (also due to the policy change to 60% LTV!). That is why I challenge the govt to introduce the following to cool the real property bubble (which is now occurring in OCR private properties) & prove us wrong that their policies are not the main cause of the OCR property bubble! :-
1) 40% cash must be paid upfront (can be in escrow with govt or law society) & 60% loan must be secured before people can buy new launch.
2) 4-years SSD start from date that 100% of property price has been paid just like resale properties & before that is 16%.
3) Transparency of valuations from banks because there are just too many cases where their valuation Cannot match selling price of resale but yet they can match selling price of developers' new launch at price >30% premium of the resale!
You have no data? Then how you know resale is expensive compared to new launch? Why you say att or Palette or whatever cheaper than resale? Any how suka suka say?
Why your newly TOP condos cannot even sell at same price as new launch? Shouldn't they sell at premium instead Because of risks like:
- developers run-road
- developers give you cheap quality while using best quality in showroom
- developers give you lousy workmanship
- actual unit much smaller than showroom
- most important of all, you can feel, touch, & see for yourself end product, you buy actual product & not promise by developers.
- you can live in immediately or get income.
Why why why people don't want all above benefits? I can think of 3 reasons which I already mentioned before, the reason people die die must buy new launch even if pay >30% premium to resale & even at premium to newly TOP ones (when common sense tells us that newly TOP units should sell at premium to new launch).
devilplate
27-03-12, 16:59
remove 10% absd for d9 orchard rd condos too! bcoz locals aso cannot afford in the first place wat....y sabo teddybear :D
Huh? i really dont think people buy new projects because LTV 60% so they can pay the 40% later leh. How much later only? Not all projects like watertown and Centra Residences TOP 2017 Dec leh
Huh? i really dont think people buy new projects because LTV 60% so they can pay the 40% later leh. How much later only? Not all projects like watertown and Centra Residences TOP 2017 Dec leh
a combination of factors, delayed 40% payments, SSD started later, shrewd developers "hello-kitty" marketing combined with banks' tacit valuation approvals... all favor new sale.
plus low quantum "brand new" appeal.
although devil's point of "resale also no cheap" is valid too, because resale is also benchmarking new sale's psf to sell, and by nature of that quantum is almost automatically higher (even sometimes its psf still lower).
so you all can make peace ?
a combination of factors, delayed 40% payments, SSD started later, shrewd developers "hello-kitty" marketing combined with banks' tacit valuation approvals... all favor new sale.
plus low quantum "brand new" appeal.
although devil's point of "resale also no cheap" is valid too, because resale is also benchmarking new sale's psf to sell, and by nature of that quantum is almost automatically higher (even sometimes its psf still lower).
so you all can make peace ?
I'm at peace :cheers4: just absorbing ur point of view. :D
I think the above reasons are probably just a small % of buyers?
The price factor is true, due to low quantum (higher psf doesnt matter anymore) and less space
Devi's resales are those newly TOP one, not those majority resales. Due to inflation, resales have no choice but to benchmark new sale's psf to sell.
a combination of factors, delayed 40% payments, SSD started later, shrewd developers "hello-kitty" marketing combined with banks' tacit valuation approvals... all favor new sale.
plus low quantum "brand new" appeal.
although devil's point of "resale also no cheap" is valid too, because resale is also benchmarking new sale's psf to sell, and by nature of that quantum is almost automatically higher (even sometimes its psf still lower).
so you all can make peace ?
The reasons why many people die die must buy new launch at >30% premium to nearby resale are due to govt policy reasons and the buyers' not-enough-CASH (also due to the policy change to 60% LTV!). That is why I challenge the govt to introduce the following to cool the real property bubble (which is now occurring in OCR private properties) & prove us wrong that their policies are not the main cause of the OCR property bubble! :-
1) 40% cash must be paid upfront (can be in escrow with govt or law society) & 60% loan must be secured before people can buy new launch.
2) 4-years SSD start from date that 100% of property price has been paid just like resale properties & before that is 16%.
3) Transparency of valuations from banks because there are just too many cases where their valuation Cannot match selling price of resale but yet they can match selling price of developers' new launch at price >30% premium of the resale!
No need the complexity. Just increase interest rate by 1% and another 1% 6 months later enough already.
devilplate
27-03-12, 18:36
Devi's resales are those newly TOP one, not those majority resales. Due to inflation, resales have no choice but to benchmark new sale's psf to sell.
less den 5yo aso can....
pls help us find gd ocr resale deals
kum sia :D
I don't bother to look at OCR at all. Reserved them for you to buy:D
less den 5yo aso can....
pls help us find gd ocr resale deals
kum sia :D
devilplate
27-03-12, 18:53
I don't bother to look at OCR at all. Reserved them for you to buy:D
u keep saying there r better resale deals den ocr new launches....but many bro/sis cannot find ended up go for new launches wor
help help la :D
devilplate
27-03-12, 19:10
teddybear:
look at ocr ripplebay!! their indicative pricing so attractive wor....
but u say resale px cheap cheap wor....pls help many bro/sis find gd lobang in D18 b4 they commit on ripplebay
kum sia :D
If people are willing to pay new launch price, and if there are no other factors to deter them to buy the nearby resale at >30% discount from these new launch price, then the resale deal is not a good deal to them than what is it? The fact that they are willing to pay >30% premium are obviously due to some reasons, 3 of which I had already mentioned, and all due to govt policies and banks unfair valuation practice and no govt regulation to prevent unfair practice (bank valuation can match new launch price of >30% premium but cannot match resale selling price at >30% discount to new launch even for relatively new units?!). There are a 4th reason which has been highlighted by amk: affordable absolute quantum - 3BRs at <$1m (because 6xx sqft only)!
You can disagree, but can you provide reasonable and valid reasons why so all these buyers willing to buy new launch at >30% premium vs nearby resale? Just because New? Nah! :tongue3: I already proved that newly TOP unit also selling at discount to new launch, and they are fresh new with ZERO risks vs those associated with new launch!
I challenge you to come out with good reasons rather than engage in personal attack and silly retort that has nothing to do with what we are debating here. It just make you look silly, immature, can't engage in proper and meaningful debate on the issue here and have zero substance to speak of :banghead:.
u keep saying there r better resale deals den ocr new launches....but many bro/sis cannot find ended up go for new launches wor
help help la :D
devilplate
27-03-12, 19:15
teddybear:
look at ocr ripplebay!! their indicative pricing so attractive wor....
but u say resale px cheap cheap wor....pls help many bro/sis find gd lobang in D18 b4 they commit on ripplebay
kum sia :D
teddybear:
i believe wat u said!!
but i simply cannot find gd lobang now in the resale market tat is potentially better deal den ripplebay.....
the preview is near and many bros here goto submit chq oredi.....
pls advise :D
devilplate
27-03-12, 19:31
If people are willing to pay new launch price, and if there are no other factors to deter them to buy the nearby resale at >30% discount from these new launch price, then the resale deal is not a good deal to them than what is it? The fact that they are willing to pay >30% premium are obviously due to some reasons, 3 of which I had already mentioned, and all due to govt policies and banks unfair valuation practice and no govt regulation to prevent unfair practice (bank valuation can match new launch price of >30% premium but cannot match resale selling price at >30% discount to new launch even for relatively new units?!). There are a 4th reason which has been highlighted by amk: affordable absolute quantum - 3BRs at <$1m (because 6xx sqft only)!
You can disagree, but can you provide reasonable and valid reasons why so all these buyers willing to buy new launch at >30% premium vs nearby resale? Just because New? Nah! :tongue3: I already proved that newly TOP unit also selling at discount to new launch, and they are fresh new with ZERO risks vs those associated with new launch!
I challenge you to come out with good reasons rather than engage in personal attack and silly retort that has nothing to do with what we are debating here. It just make you look silly, immature, can't engage in proper and meaningful debate on the issue here and have zero substance to speak of :banghead:.
dun banghead my dearest teddybear
i am convinced about ur theory liao
there r couple of bros here looking at new launches.....a few looking at ripplebay....got one bro look at flamingo valley.....need ur expert advice .....resale cheaper by 30%!! they will be vy grateful! :D
Oh my god! New launch in Pasir Ris with 20% useless space! After deducting 20% useless space, the actual $PSF of usable area needs to be multiplied by 1.2! You buyers go count the real $PSF is how much?
That property agent ask you all to go buy his new launch because got 20% discount so very cheep cheep! :scared-1::p
You all better check out the surrounding resale condos first! Oh I forgot, most of the buyers just got not enough CASH or want to flip before TOP! Oh my! Never mind.... :o
All the talk by govt wanting to cool the property bubble are just talk only? They only know how to target resale properties, foreigners, except those OCR new launch because they derive huge benefits from the high price land sale? :doh:
dun banghead my dearest teddybear
i am convinced about ur theory liao
there r couple of bros here looking at new launches.....a few looking at ripplebay....got one bro look at flamingo valley.....need ur expert advice .....resale cheaper by 30%!! they will be vy grateful! :D
look at ocr ripplebay!! their indicative pricing so attractive wor....
Livia about 8xx psf right ? Better ?
Ok folks...heard the floorplans are out. Go check with your favourite agent
Oasis @Elias even better, just newly TOP and transacting at S$8xx psf! Brand NEW and ZERO developer's risk and don't need to wait!
Or cheaper ones, Elias Green, got transacted less than $600 psf! Furthermore, very little useless space compared to new launch of 20% useless space (so their $PSF of usable space must be multiplied by 1.2!). If new launch sell you at $1000 psf means is equivalent to $1200 psf of usable space compared to Elias Green! Wow! The new launch selling at 100% premium to nearby resale properties in terms of usable space! :scared-1: :doh:
Livia about 8xx psf right ? Better ?
devilplate
27-03-12, 20:32
Livia about 8xx psf right ? Better ?
I m surprised u use livia....
I used livia last time to show palette is a much better buy wor...
Check out their quantum and asking px :D
devilplate
27-03-12, 20:34
Oasis @Elias even better, just newly TOP and transacting at S$8xx psf! Brand NEW and ZERO developer's risk and don't need to wait!
Or cheaper ones, Elias Green, got transacted less than $600 psf! Furthermore, very little useless space compared to new launch of 20% useless space (so their $PSF of usable space must be multiplied by 1.2!). If new launch sell you at $1000 psf means is equivalent to $1200 psf of usable space compared to Elias Green! Wow! The new launch selling at 100% premium to nearby resale properties! :scared-1: :doh:
Lol
Guys ....teddybear expert advice is elias green and oasis
Go buy them! :D
Oh my G! Resale selling at 50% discount to new launch! Don't that shut up your big mouth for saying there is no resale property in same neighbourhood that sell at >30% discount to new launch price? :tongue3:
How? Your said your RippleBay very cheap and you said can't find cheaper resale than RippleBay? Even newly TOP with ZERO developer's risks cheaper than RippleBay! :doh: Like that how to sell RippleBay if without the 3 govt rules in favor of new launch? You new launch property agent is it?
Lol
Guys ....teddybear expert advice is elias green and oasis
Go buy them! :D
dun banghead my dearest teddybear
i am convinced about ur theory liao
there r couple of bros here looking at new launches.....a few looking at ripplebay....got one bro look at flamingo valley.....need ur expert advice .....resale cheaper by 30%!! they will be vy grateful! :D
they are setting up stall outside the mrt... lelong lelong:doh:
they are setting up stall outside the mrt... lelong lelong:doh:
those agents will lelong anywhere... who is the agent handling the launch?
those agents will lelong anywhere... who is the agent handling the launch?
there is only one "expert" in bishan:D :D
maybe betting on them to bring in upgraders:D :D
The Frank Knight Rider
Was KF doing bedok residences?
I m surprised u use livia....
I used livia last time to show palette is a much better buy wor...
Check out their quantum and asking px :D
Cause livia top very recently, as good as new. Quantum for a 3bd both about 1mil right ? But one gets u a 1200 sqft, one gets u a 9## sqft hence psf 20% more. But more ppl will still buy the 9## one just because of the various CMs favoring new sale. No meh ??? I thought really very obvious ?
Oh my god! New launch in Pasir Ris with 20% useless space! After deducting 20% useless space, the actual $PSF of usable area needs to be multiplied by 1.2! You buyers go count the real $PSF is how much?
That property agent ask you all to go buy his new launch because got 20% discount so very cheep cheep! :scared-1::p
You all better check out the surrounding resale condos first! Oh I forgot, most of the buyers just got not enough CASH or want to flip before TOP! Oh my! Never mind.... :o
All the talk by govt wanting to cool the property bubble are just talk only? They only know how to target resale properties, foreigners, except those OCR new launch because they derive huge benefits from the high price land sale? :doh:
20% useless space meh? ur layout from where 1?
Anyway dont need to argue, Ripple bay sold 200 units today :cheers4: Launch brought forward a day earlier
This really supports my view of various Government policies favoring new sale! Resale price is lower than new realse price by 30% -100%, yet people still buy new sale. :doh:
Anyway dont need to argue, Ripple bay sold 200 units today :cheers4: Launch brought forward a day earlier
sky habitat size looks reasonable. I guess the balcony space made up the design of the place.
but psf $ is another story.
Here we go again...
Dec 2011 - New CM
- experts say market will correct big time
- forummers had a poll and some even say 40% correction
Jan 2012 - All waiting eagerly and still anticipating
- While watching with amazement FEO's WaterTown making waves
Feb 2012 - Preliminary figures reveal slowing down of activities
- prices are still climbing amid slower rate.
- Bartley Residences stirred up some disturbances too (not very much though)
Mar 2012 - COE hits above $80k.
- Oil prices continue to soar.
- 18 Woodsville set off another impressive asking price in D13.
- Reports that landed prices are still going up
- Citizens get absolute priority over PRs in P1 registration
- Project that prices of properties near good schools will shoot up even more.
- KBW panic big time and no choice but to launch 8000 HDB units at one go.
- Annoucement that 5000 more will be launched in May.
April 2012 - Prices continue to climb?
- Crowds return to showflat again?
- Resale activities start heating up again?
Wake up wake up wake up... stop talking in your dreams... :sleep:
devilplate
29-03-12, 00:54
Cause livia top very recently, as good as new. Quantum for a 3bd both about 1mil right ? But one gets u a 1200 sqft, one gets u a 9## sqft hence psf 20% more. But more ppl will still buy the 9## one just because of the various CMs favoring new sale. No meh ??? I thought really very obvious ?
Er....both sama psf but palette lower quantum leh...
Livia 3 bdr all above 1mil....
Nvm la....wats the point of guessing the real reasons? Only buyers noe y they buy new launches....
U and teddybear happy can liao....
I totally agree with u and teddybear :D
devilplate
29-03-12, 00:59
20% useless space meh? ur layout from where 1?
We just goto learn to agree and believe expert teddybear :D
devilplate
29-03-12, 01:00
This really supports my view of various Government policies favoring new sale! Resale price is lower than new realse price by 30% -100%, yet people still buy new sale. :doh:
Yes.....
Govt totally bey song ccr.....sabo
bargain hunter
29-03-12, 08:27
A NEW Bishan project expected to be launched in the middle of next month could turn out to be the priciest suburban condominium ever to hit the market.
The Straits Times understands that the indicative average prices for CapitaLand's Sky Habitat at Bishan Street 14 are between $1,700 and $1,800 per sq ft (psf).
But these were only the preliminary prices that marketing agents received yesterday. They could well go higher - or lower - depending on buyer interest as the target launch date of mid-next month nears.
Even at these early indicative levels, the condo will set benchmark prices for the Bishan Central area and suburban projects across the island.
The $1,700 to $1,800 psf range is also well up from initial market expectations of a launch price of about $1,500 psf. CapitaLand earlier estimated the project's breakeven cost to be about $1,300 psf.
Mr Tan Kok Keong, OrangeTee's research and consultancy head, said the CapitaLand project's proximity to Bishan MRT interchange, the Junction 8 mall and popular schools such as Raffles Institution might have supported the higher-than-expected pricing.
Another potential selling point is that renowned Israeli architect Moshe Safdie, who drew up the Marina Bay Sands integrated resort, will be designing the project.
But an industry player, who declined to be named, said it would be 'a tough sell' for the 99-year leasehold Sky Habitat to be sold at $1,700 to $1,800 psf.
He pointed out that CapitaLand's d'Leedon on the former Farrer Court estate is selling for about $1,680 psf. The city fringe project is also helmed by a star architect - Ms Zaha Hadid - he said.
Sky Habitat will have 509 units across two 38-storey towers linked by bridging sky gardens. Units will range from 680 to 3,000 sq ft.
Experts said that if CapitaLand keeps to its pricing, Sky Habitat will be on a par with prime condos.
They did also note that developers often adjust indicative prices in line with market sentiment closer to the launch date.
Another 99-year leasehold project, Cheung Kong's Thomson Grand in Upper Thomson, set tongues wagging when some of its apartments were sold for about $1,600 psf when it previewed last July.
And in fact, units in completed condos in the prime areas of districts 9, 10 and 11 can be bought for less than that in the resale market.
Units have been sold at Spring Grove in Grange Road since the start of last year from between $1,400 and $1,600 psf. Some condo apartments in the River Valley area, including Aspen Heights and 2 RVG, were recently sold for about $1,600 psf or less.
Either the forum members are very good at guessing prices or the pricing team tunes in to this forum for indicative price and demand.
Either way, Setia did them a big favour with their potong pasir project. So bishan now = leedon?? ......
Mr Tan Kok Keong, OrangeTee's research and consultancy head, said the CapitaLand project's proximity to Bishan MRT interchange, the Junction 8 mall and popular schools such as Raffles Institution might have supported the higher-than-expected pricing.
Cheeze.. wat has RI got to do with this? No T-Score of 259, live here oso cannot get in. Agents dun know what they are talking about.
Cheeze.. wat has RI got to do with this? No T-Score of 259, live here oso cannot get in. Agents dun know what they are talking about.
They assuming some of those who can go RI may come from more well to do family mah. Those t score some times come from heavy investment in those tuition labs that only the more well to do can afford. So the next thing they do is plonk on a place closer to the school so the kid spends less time travelling.
They assuming some of those who can go RI may come from more well to do family mah. Those t score some times come from heavy investment in those tuition labs that only the more well to do can afford. So the next thing they do is plonk on a place closer to the school so the kid spends less time travelling.
ACS maybe.. RI? Not sure.
ACS maybe.. RI? Not sure.
Acs not maybe liao. Acs is almost confirmed. And that could well be their weekend home. Lol.
bargain hunter
29-03-12, 08:41
by saying this, will they push leedon sales first? then closer to launch then bring down to 1600? then bro amk will be right lor. :ashamed1:
Either the forum members are very good at guessing prices or the pricing team tunes in to this forum for indicative price and demand.
Either way, Setia did them a big favour with their potong pasir project. So bishan now = leedon?? ......
Acs not maybe liao. Acs is almost confirmed. And that could well be their weekend home. Lol.
haha.. never the best.. always yet to be.
GEEEZZZZ singapore is going for the biggest cuppa of bubble TEA...... When will it POP!?
by saying this, will they push leedon sales first? then closer to launch then bring down to 1600? then bro amk will be right lor. :ashamed1:
They should use the potong pasir phenomenon to oush their d'leedon first. No need to cannibalise on their own projects first. Lift the interest on d'leedon then give them more headroom on the pricing for sky habitat.
GEEEZZZZ singapore is going for the biggest cuppa of bubble TEA...... When will it POP!?
Wait for full house in showroom.
D Leedon city fringe, Bishan also RCR so city fringe mah :D
If this does well can upgrade Bishan to new prime status along with Marina Bay liao
They should use the potong pasir phenomenon to oush their d'leedon first. No need to cannibalise on their own projects first. Lift the interest on d'leedon then give them more headroom on the pricing for sky habitat.
They can't wait liao too many on hand. There is the one at beach road waiting to develop also. If POP have to firesale liao
They should use the potong pasir phenomenon to oush their d'leedon first. No need to cannibalise on their own projects first. Lift the interest on d'leedon then give them more headroom on the pricing for sky habitat.
i think they don't even bother with d'leedon sale. As they did not launch the other 2 blocks since ,,,probably wait for recovery before they relaunch again.
construction is at 4th level.
Setting $1800 psf net is too early. I only project 99LH will be around this psf closer to 2020. The developer might kamikaze. There should be some VVIP discount to bring it down to $1500 psf.
They can't wait liao too many on hand. There is the one at beach road waiting to develop also. If POP have to firesale liao
Their cash hoard quite gao ah.
Their cash hoard quite gao ah.
There is still a cost in holding so many unsold units. Now CCR developers are planning to rent out their unsold units. I'm of the view that Capland might have to do the same thing for its unsold units. Investors who depend on rental beware.
There is still a cost in holding so many unsold units. Now CCR developers are planning to rent out their unsold units. I'm of the view that Capland might have to do the same thing for its unsold units. Investors who depend on rental beware.
Join FEO. Then resell the units with full furnishing when tenancy is over.
perhaps, 3rd casino is located in Bishan.
Wild Falcon
29-03-12, 09:51
The fact that they can't sell so many units (some almost 90% of the development not sold) means the price point is WRONG and there are no buyers at the price point. Developers can say they will rent as consolation price but so many tenants meh? Also new rule says all units must be sold within 5 years or else kena slapped with more fines. I think if only 10-20% renting out is fine. Some of the luxury development can't even sell 50% of the units. Something is very wrong. PRICE is wrong and nobody's biting. Also some luxury development's fittings no longer look luxury and become dated as time goes by. Also reverse snobbery is happening around the world where its cooler staying in the suburbs and going for local brands and produce.
There is still a cost in holding so many unsold units. Now CCR developers are planning to rent out their unsold units. I'm of the view that Capland might have to do the same thing for its unsold units. Investors who depend on rental beware.
You guys seem to have missed out that Potong Pasir is freehold land?
Pricing this at $1.6-1.7kpsf will only make potong pasir <2mins walk to MRT, 8 mins to Orchard, Freehold piece looks VERY CHEAP!!!
Setting $1800 psf net is too early. I only project 99LH will be around this psf closer to 2020. The developer might kamikaze. There should be some VVIP discount to bring it down to $1500 psf.
By 2020 there should be another recession liao?:beats-me-man:
perhaps, 3rd casino is located in Bishan.
Covert the top 5 floors to Resturant n casino then! :)
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