View Full Version : eCO sees bustling sales at launch
http://www.businesstimes.com.sg/specials/property/eco-sees-bustling-sales-launch-20120921
Published September 21, 2012
eCO sees bustling sales at launch
Over 220 of the 262 units released for sale sold on Day 1
By Mindy Tan
MORE than 220 of the 262 units released for sale at the 99-year-leasehold eCO in Bedok South Avenue 3 were snapped up on Wednesday, the first day of its preview, following pre-marketing efforts which kicked off just more than a month ago.
Marketing agents BT spoke with said units in the 748-unit project were selling at an average of $1,250 per square foot (psf). Buyers who committed to purchase on the first day enjoyed discounts of up to 18 per cent, based on a mix of early-bird, vicinity and loyalty discounts. The discounts have since been scaled back by about 4 per cent, pushing average selling prices up to about $1,300 psf.
The project, jointly developed by Far East Organization, Frasers Centrepoint and Sekisui House, comprises 246 suites, 220 Soho (small-office-home-office) apartments, 34 townhouses and 248 condominium units.
The developers said Singaporeans and Singapore permanent residents made up 95 per cent of the buyers.
Prices start at $745,000 for a 549-sq-ft suite with one bedroom.
Of the five towers launched, three are almost fully sold. While a good mix of one, two and three-bedroom units have been sold, the two-bedroom ones sold the fastest, said agents. Such units range from 581 sq ft to 1,098 sq ft, depending on the unit type.
"eCO's average selling price psf is very competitive relative to Optima, which, based on caveats lodged with the Urban Redevelopment Authority (URA), is averaging $1,200 to $1,250 psf. Smaller units at Optima go for as high as $1,500 psf," noted Lee Sze Teck, DWG's senior manager, training, research and consultancy.
He was referring to the nearby Optima@Tanah Merah developed by TID, a tie-up between Hong Leong Group and Japan's Mitsui Fudosan.
eCO is estimated to get its TOP in 2017.
http://www.straitstimes.com/sites/straitstimes.com/files/ST_20120921_ETECO21_3308613e.jpg
By Esther Teo, Property Reporter
More than 220 apartments at eCO in Bedok South were snapped up at a preview on Thursday as projects close to MRT stations continue to enjoy strong interest.
Homes at the 748-unit project were sold for about $1,250 per sq ft (psf), with prices starting from $745,000 for a 549 sq ft one-bedder. These prices include early-bird discounts.
About 95 per cent of buyers were Singaporeans and permanent residents. They cited the project's proximity to Tanah Merah MRT station, Changi Airport, Bedok Central and good schools as reasons for picking up a unit.
Retiree Soh Poh Neo, 56, said she bought a 1,152 sq ft three-bedder for $1.37 million, or $1,188 psf, as an investment for her son.
Madam Soh found the location in Bedok South Avenue 3, the reasonable pricing and the nature-inspired concept of eCO, such as its 100m-long boardwalk through conservation trees, appealing.
"The draw is also the value and the potential upside I can get from the project. In comparison, other condos in the area like Optima and Casa Merah have units that are selling at higher prices," Madam Soh added.
News that a Queenstown HDB flat sold for $1 million also helped spur her into buying, as she fears prices could rise further on the back of costlier land and higher construction costs.
Businessman K.C. Seah, 38, who picked up a 1,038 sq ft three-bedroom investment unit for about $1.24 million - or about $1,200 psf - said the location was the clincher. He lives in a landed home near the area and is familiar with the amenities nearby.
"It's not close enough to the MRT station that you get the noise but also not that far. The green concept is also interesting," he said. "I hope to rent out the completed unit but if not, I can still leave it for my children and since I can afford something now, I might as well buy something I like."
yeah we shud also speculate who is mr seah... not only give mrs soh the honor. mr seah also buy for son leh
phantom_opera
22-09-12, 10:10
US debt is increasing at 50,000 per second, QE3 is pumping 40b per month (my own calculation shows this is equivalent to 15,432 per second)
So is our property increasing at 1psf per day?
The above numbers are not verified ..
yeah we shud also speculate who is mr seah... not only give mrs soh the honor. mr seah also buy for son leh
so the million dollar question again...Male or Female...:D
Siow liao.....:confused:
Ppl still say landed peak and look at the condo, 1152sqft for 1.37mil, isn't it better to get something like The Shaughnessy for eg, 3283sqft for 1.58mil?? Anyway, just my personal opinion....:doh: :2cents:
http://www.straitstimes.com/sites/straitstimes.com/files/ST_20120921_ETECO21_3308613e.jpg
By Esther Teo, Property Reporter
Retiree Soh Poh Neo, 56, said she bought a 1,152 sq ft three-bedder for $1.37 million, or $1,188 psf, as an investment for her son.
Wonder how old is Mr Seah's son now as he is 38. Lease will run down when his son is married if he is only 10 now.
yeah we shud also speculate who is mr seah... not only give mrs soh the honor. mr seah also buy for son leh
phantom_opera
22-09-12, 11:59
Wonder how old is Mr Seah's son now as he is 38. Lease will run down when his son is married if he is only 10 now.
Us debt up 1trillion in 10m, printing will accelerate to counter the debt increase so even holding 99lh is better than cash
Siow liao.....:confused:
Ppl still say landed peak and look at the condo, 1152sqft for 1.37mil, isn't it better to get something like The Shaughnessy for eg, 3283sqft for 1.58mil?? Anyway, just my personal opinion....:doh: :2cents:
hdb selling 1 million so whats 1.37mil...with NO restrictions can rent or do whatever you want...somemore BRAND new....superb location...good concept....can afford just buy:cheers5:
Landed will never peak landed is like FINE WINE those who have it are sitting on a pot of gold the value can only go up...:cheers5:
Enjoy the HELICOPTER ride...:cheers5:
http://www.marketoracle.co.uk/images/HelicopterBenSmall.jpg
phantom_opera
22-09-12, 12:07
Ponzi will all end up in smoke, US from police to hooligans? If hitler like mad man take over imagine what will happen so Obama is still a safe choice of the world
Ponzi will all end up in smoke, US from police to hooligans? If hitler like mad man take over imagine what will happen so Obama is still a safe choice of the world
helicopter easy to go up in the air..but if dunno how to fly...:scared-1:
http://2.bp.blogspot.com/-Y4WuRiB96eQ/Tlptp4OuJuI/AAAAAAAAAbA/yaVCMeMiYtU/s1600/helicopter-crash-missouri-liberty.jpg
Since everybody buying like no tomorrow, the best investment now is cash at hand? :D :rolleyes:
Hahaha...nice pic.....
财神到。。。:cheers4:
hdb selling 1 million so whats 1.37mil...with NO restrictions can rent or do whatever you want...somemore BRAND new....superb location...good concept....can afford just buy:cheers5:
Landed will never peak landed is like FINE WINE those who have it are sitting on a pot of gold the value can only go up...:cheers5:
Enjoy the HELICOPTER ride...:cheers5:
http://www.marketoracle.co.uk/images/HelicopterBenSmall.jpg
bakasa2002
22-09-12, 12:39
helicopter easy to go up in the air..but if dunno how to fly...:scared-1:
http://2.bp.blogspot.com/-Y4WuRiB96eQ/Tlptp4OuJuI/AAAAAAAAAbA/yaVCMeMiYtU/s1600/helicopter-crash-missouri-liberty.jpg
Apache at Sembawang?
Apache at Sembawang?
maybe but singapore small matter helicopter crash nevermind the land still can sell to developer...hahaha:D
phantom_opera
22-09-12, 13:01
Ten plots of lands at prince Charles can support US for one day only
Apache at Sembawang?
No.
http://www.youtube.com/watch?v=mlF9IyIiGa0
http://www.youtube.com/watch?v=K136AYc8G-w&feature=related
http://www.youtube.com/watch?v=K38I52HibFA&feature=relmfu
Wonder how old is Mr Seah's son now as he is 38. Lease will run down when his son is married if he is only 10 now.
This is just the beginning, in China two family need to help the children to get the roof over their head.
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