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orange
04-06-07, 23:29
6 River Valley Grove. Starting from $3000 psf.

75-units, 27 storeys.

TOP June 2011.

25 units of studio, 743sf.
25 units of 2 bedroom, 904sf.
25 units of 2 bedroom, 1173sf.

orange
04-06-07, 23:37
http://img530.imageshack.us/img530/6831/61867416pb4.jpg

http://img530.imageshack.us/img530/871/17096459zz7.jpg

http://img530.imageshack.us/img530/1705/93047410fy7.jpg

http://img530.imageshack.us/img530/7779/82778598bv9.jpg

http://img530.imageshack.us/img530/8273/41127352ug8.jpg

http://img530.imageshack.us/img530/7673/69491297er8.jpg

http://img530.imageshack.us/img530/1176/77220454rm3.jpg

http://img530.imageshack.us/img530/1473/29950039ye2.jpg

http://img530.imageshack.us/img530/1605/77545531dg9.jpg

http://img530.imageshack.us/img530/5822/lumafloor1wf0.jpghttp://img530.imageshack.us/img530/2773/lumafloor2eq4.jpg

http://img530.imageshack.us/img530/3631/lumafloor3mq7.jpg

http://img530.imageshack.us/img530/4078/10ho8.jpghttp://img530.imageshack.us/img530/2020/lumafloor4jz3.jpg

Unregistered
05-06-07, 01:26
is this project priced correctly? 3k psf in river valley?

Unregistered
05-06-07, 10:27
The design look like BLVD! Cool

arthur
05-06-07, 15:40
The tallest building in River Valley Grove.

arthur
05-06-07, 15:41
The design look like BLVD! Coolno leh, BLVD has 2 Sky Gardens.

Unregistered
05-06-07, 16:58
is this project priced correctly? 3k psf in river valley?

River Valley Grove is actually next to Leonie Hill, where prices are $3000 psf and up.

Really envy those 2RVG owners who bought at launch!

Unregistered
05-06-07, 17:32
River Valley Grove is actually next to Leonie Hill, where prices are $3000 psf and up.

Really envy those 2RVG owners who bought at launch!

We see new benchmarks each launch. $3000psf for River Valley is surely a first!

Unregistered
06-06-07, 16:29
$3000 psf River Valley. Sheer folly? Or sign of things to come?

Unregistered
06-06-07, 23:18
any sales done? i wonder who is biting.

mr funny
21-06-07, 23:34
Thursday, June 21, 2007

'Uber-premium living' with price to match

Coming to River Valley at above $2,500 psf

Christie Loh
[email protected]

Hoping to ride the current property wave, developer Novelty Group will soon launch a River Valley project that is asking for around double the prices in the area.

Named Luma, the 75-unit freehold development will be priced at above $2,500 per square foot (psf) when launched next month, said Novelty's chief operating officer Manoj Kalwani.

That would surpass the nearby 2RVG, which sold for about $1,100 psf of late, according to caveats lodged. A condo at Ardmore Park recently fetched around $2,100 to $2,600 psf.

"To justify a doubling of the price, the developer needs to have something very special," said Knight Frank's research director Nicholas Mak.

Novelty believes its brand-name imported finishes will call out to "connoisseurs" of "uber- premium living". Some agents were so bullish as to market Luma at $3,015 psf.

Luma, meaning "shrubs of small trees with evergreen foliage", sits on the land of the razed 50-unit Eng Tai Mansion, which was sold collectively for $810 psf late last year. The new development comprises 27 floors of one- and two- bedroom units of 743 sq ft to 1,173 sq ft each.

"It's for anyone with money and who appreciates the finer things in life," said Mr Kalwani.

Targetting the super rich has become the norm, said Cushman and Wakefield's managing director Donald Han. To come up with fresh ideas, developers have been travelling to fashion capitals to suss out novelties, he added.

The latest to hit the market with a unique feature is The Marq on Paterson Hill by SC Global Developments. The builder said yesterday that it expected an average $4,000 psf for the 66-unit freehold project, which is marketed as "ultra luxurious" with a Singapore-first — a 15m private heated lap pool jutting out of every apartment.

Should anyone buy the biggest units — each around 6,195 sq ft — for up to $30 million as SC Global hopes, the selling price would work out to a record $4,843 psf. That would beat the benchmark set last month, when someone paid $4,653 psf or $28 million for a penthouse at St Regis Residences along Tanglin Road.

But records these days tumble fast. The latest peak was reached shortly after a unit at Parkview Eclat at Grange Road fetched the then-record $4,200 psf.

But not everyone hits the headlines. "It is easy to say I'm gonna sell at X dollars, but not everyone can do it. You need to have the right developer's acumen and branding. You must have the track record and the snob appeal," said Mr Han.

andyttm
27-06-07, 14:35
Just heard that a unit was transacted at $3300 plus per sq ft.

condoinvestor
27-06-07, 20:10
wow thats amazing, lumos and lpv should up their remaining units to at least 4000psf in that case....

Unregistered
27-06-07, 20:49
wow thats amazing, lumos and lpv should up their remaining units to at least 4000psf in that case....

That's ridiculous pricing. Avoid...

Unregistered
27-06-07, 21:43
I think it is expensive. better stay in HDB and go to a public pool for a swim

unregistered
28-06-07, 01:59
Actually, I think all the boutique developments in the Grange belt and some in the Leonie Hill Rd (ones nearer to Taka) will hit S$4,000 psf by end of this year.

Unregistered
28-06-07, 02:10
Will this high price spread to the main river valley areas?

Unregistered
28-06-07, 10:24
Actually, I think all the boutique developments in the Grange belt and some in the Leonie Hill Rd (ones nearer to Taka) will hit S$4,000 psf by end of this year.


Grange road can hit $4000 but leonie cannot lah.

Unregistered
09-07-07, 21:52
Any info on how well this condo is selling?

Unregistered
09-07-07, 22:06
why they named the project Luma???

st8800
10-07-07, 11:23
Luma is currently being launched in Hong Kong for 3400 psf.

Unregistered
10-07-07, 14:26
why they named the project Luma???

sounds like a vulgar expression in dialect :D

Unregistered
10-07-07, 14:52
Luma is currently being launched in Hong Kong for 3400 psf.


At that price, I will take Parkview eclat lah more luxurios at more prestigious Grange road and tanglin area.

Luma is at river velley....different class for sure.

Unregistered
10-07-07, 15:46
At that price, I will take Parkview eclat lah more luxurios at more prestigious Grange road and tanglin area.

Luma is at river velley....different class for sure.

Different class but catching up.

Luma will sell because each unit's quantum amount is far less than Parkview Eclat. At Luma, we're talking about small 1, 2 bedrooms. At Parkview, we're talking >2000 sqft type of units. So the quantum amount is much different.

Unregistered
10-07-07, 16:01
HDB 4-room flat at Kim Tian is of better value.

Unregistered
11-07-07, 00:42
HDB 4-room flat at Kim Tian is of better value.

Above ^^ is a totally nonsensical statement that contributes zilch to the value of this thread.

Unregistered
11-07-07, 19:53
Our HDB flats are of good quality. Look at Kim Tian Place, high floor units all have sea view or CBD view. Just wonder what sort of view can Luma offer?

Unregistered
11-07-07, 20:31
Our HDB flats are of good quality. Look at Kim Tian Place, high floor units all have sea view or CBD view. Just wonder what sort of view can Luma offer?

HOW MUCH IS YOUR HDB FLATS COST??

$3000 psf???

Unregistered
11-07-07, 20:40
precisely, much cheaper than that and better value. HaHaaa!!11

Unregistered
15-07-07, 23:41
Dont be a joker to give such comparison! People is starting a thread for D09 property n you r comparing it with a HDB flat??!! Its of different league my friend, so wat if its offer a better view???????? No offence.

Just my 2cents worth.

Unregistered
16-07-07, 00:00
precisely, much cheaper than that and better value. HaHaaa!!11

The Luma developer must be very heart broken when they find their project is being compared to HDB. Ahhahahaha

Petmail
12-11-08, 17:08
D9 FREEHOLD Project

@

RIVER VALLEY GROVE

27 Storey ICONIC 106m(Equivalent to 36 Storey)

75 Exclusive units

EXPECTED TOP: June 2011

(FOREIGNERS ELIGIBLE)

Common Facilities: -

Sky Terrace (2nd Floor)
Swimming Pool
Wading Pool
Heated & Cold Water Jet Corner
Children's Playground
BBQ Area
Gymnasium
Changing Room

Sky Terrace (Roof)
Swimming Pool
Water Jet Corner
Roof Top Pavilion
Function Room
BBQ Area
Changing Room

Estimated Maintenance: $250/Mth


Type Of Size:

1 Bedroom - 743 sqft
2 Bedroom - 904 sqft & 1173sqft


$2500psf Worth TOP QUALITY Finishings/Fittings:-
Imported Italy LEMA Wardrobe with Colour Option White/Brown/Maroon
Imported Italy SCHIFFINI Kitchen Cabinet with Imported France SCHOLTES Integrated Fridge, Dishwasher, Cooker Hob, Cooker Hood, Oven/Microwave Oven
Imported Italy ANTONIO LUPI Sanitary Wares
Units Comes With PROGRAMMABLE LIGHTINGS!!!




SUPER UNBELIEVABLE SPECIAL VIP PRICE

@

$1445PSF

ONWARDS!!!

Normal Progressive with Interest Asorption Scheme!!!
5% + 15%
NO INSTALMENTS TILL TOP!!!
INTEREST During Construction Phase Will Be Asorbed By Developer!!!



CALL
82818888
FOR YOUR VIP INVITATION NOW!!!!!

Brandon-Huttons-9852 5624
12-11-08, 17:22
LuMa @ 6 River Valley Grove

Tenure : Freehold TOP expected : 2nd-3rd Q 2011

http://sg.88dbmedia1.jobsdb.com/sg_UploadFiles/2008/11/11/2D8C873E-65CA-4620-965F-53A33D9799D4.jpg (http://www.sgre.com.sg/projects/Luma/index.aspx)

1 Building of 27 Storeys High comprising of 75 Residential units

[1 BR & 2 BR Niche High End Units]

Facilities : Pool, Gym, Jacuzzi & BBQ Area & Sky Pool & Function Room.

(From only $1445 psf)

[CLICK HERE FOR FULL LAYOUT PLANS] (http://www.sgre.com.sg/projects/Luma/index.aspx)

Special Payment Scheme
Only 5%+15% Downpayment & nothing till TOP with OCBC BANK Loan!!


Selling Points

1) Mins to Great World ( 6-8 mins walk )
2) High End Finishing From Italy & France
3) Mins To Orchard & Prestigious & Exlcusive Premier Singapore Address
4) High Rental Yield of above 5.5%!!!
5) Iconic Building with High-End Finishes


Showflat Preview on coming Friday-Sunday (10am - 6pm) 14th No'08
Via appointment only
(Call to avoid last min changes)

Regards,
Brandon Huttons
Hp: 9852 5624
Email : [email protected]
www.SGRE.com.sg

toaler
12-11-08, 20:05
14xx?! price it more towards 11xxpsf before buyer will even be interested

Unregˇstered
12-11-08, 21:51
14xx?! price it more towards 11xxpsf before buyer will even be interested
Price Freehold D9 condo at 99Leasehold D14 condo price?

Why not price it at HDB flat price?
Better for you what!


Private Residential Units Sold in the Month of September 2008

Project Name ....... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Dakota Residences . RCR ........ 5 ............................... 1,073 ............. 983 .............. 947

Hey! $1,07x psf again? Not bad what!

v2offer
13-11-08, 11:01
Cut Price Units On Sale This Weekend


Freehold

http://sg.88dbmedia1.jobsdb.com/sg_UploadFiles/2008/11/11/2D8C873E-65CA-4620-965F-53A33D9799D4.jpg (http://www.sgre.com.sg/projects/Luma/index.aspx)

27 Storeys High comprising of 75 Residential units

[1 BR & 2 BR Niche High End Units]

Facilities : Pool, Gym, Jacuzzi & BBQ Area & Sky Pool & Function Room.

Selling Points

1) Mins to Great World ( 6-8 mins walk )
2) High End Finishing From Italy & France
3) Mins To Orchard & away from Cramp River Valley Road
4) High Rental Yield of above 5.5%!!!
5) Iconic Building with High-End Finishes





Special Payment Scheme
Only 5%+15% Downpayment & nothing till TOP with OCBC BANK Loan!!


Showflat Preview on coming Saturday-Sunday (10am - 6pm) 15th No'08
Via appointment only
(Call to avoid last min changes)

Regards,
Norman Huttons
Hp: 9271 8723
Email : [email protected]

Brandon-Huttons-9852 5624
13-11-08, 12:55
14xx?! price it more towards 11xxpsf before buyer will even be interested


Hi Toaler,

Luma is in Prime D.09 River Valley Area.

psf $11xx will be quite impossible to achieve.

Please do let me know if you have any units of that psf.

I have quite a few buyers like yourself waiting to get that price.

cheers,

Sinclone
13-11-08, 23:50
http://assetomgt.com/realty/property/projects/Luma

mr funny
14-11-08, 09:21
http://www.businesstimes.com.sg/sub/news/story/0,4574,305764,00.html?

Published November 14, 2008

River Valley condo Luma relaunches with prices halved

Units going for $1,450 psf, down from $2,800 psf at launch last year

By SIOW LI SEN


(SINGAPORE) The big property sale has begun - although, in this case, it could reflect the situation of the developer rather than the state of the market.

http://www.businesstimes.com.sg/mnt/media/image/launched/2008-11-14/BT_IMAGES_LSLUMA14.jpg
Cheaper: Luma's relaunch is believed to be the first among luxury condos as other developers hold back

Prices have been slashed by half at Luma, a 75-unit freehold luxury condominium at River Valley Grove.

Relaunching this weekend, units at Luma are being offered at $1,450 per square foot, down almost 50 per cent from $2,800 psf when it was first launched last year.

About 10 units had been sold, mainly in Dubai and Hong Kong.

SISV-Realink data shows two units on the 25th floor changed hands at $2,837 psf and $2,586 psf in April this year.

These prices were already much lower than those for two units on the 20th and 26th floors, which went for $3,349 psf and $3,291 psf in August last year.

At the time, some speculated that prices could soon reach $4,000 psf.

Luma (which will be completed in 2011) has three units on each floor, ranging from 743 sq feet to 1,173 sq feet. The developer behind the project is the mid-sized Novelty Group, which is also in the department store business. Luma sits on an en-bloc site at St Thomas Walk which Novelty bought in 2006 for $76.5 million, or about $810 psf of potential gross floor area.

The relaunch of Luma is believed to be the first among luxury condominiums as other developers are holding back, given the weak market.

Nicholas Mak, director of research and consultancy at Knight Frank, said more of the smaller developers could be relaunching at lower prices.

'The bigger ones are discreetly offering soft discounts, such as lifestyle vouchers,' he said.

'I think the chief aim is to move units, to increase sales. They've probably done their sums - they expect to do a level of sales to achieve breakeven point, which will lower their borrowings and feel more comfortable,' Mr Mak added.

Banks are probably repricing loans, and some developers that have revolving facilities or variable- rate loans may feel the pinch.

'More smaller developers will be doing this if the economic situation worsens,' said Mr Mak.

The Novelty Group also bought White House Park Apartments in Stevens Road for $22 million from Asia General Holdings. It also has developments in Pasir Panjang, Geylang, Yio Chu Kang and Pasir Ris.

Real Estate Pundit
14-11-08, 11:25
Can someone in the know share the plot/land size?

BENTLY
17-11-08, 09:49
How's the sales over the weekend?

dtrax
17-11-08, 11:09
lol..showrm din open during the weekends

Sinclone
17-11-08, 13:03
THERE were some errors in our report, River Valley condo Luma relaunches with prices halved (BT, Nov 14).

The condominium is located at River Valley Grove and not St Thomas Walk. The number of units sold earlier was not 10, but six.

BT also understands that the developer, Novelty Group, purchased the site for around $27 million ($450 psf per plot ratio) and not $76 million, as reported. This brings down its breakeven price to a fairly low level, making it possible for the developer to offer some discounts if it decides to do so, while still keeping the project profitable. In fact, other projects in the area have also been strategically lowering their prices. In that sense, the lower prices could simply be a reflection of weaker market conditions and not of the developer. We are sorry for the errors.
--------------------------------------------------------------------------

For more info of LUMA please visit http://assetomgt.com/realty/property/projects/Luma

Petmail
17-11-08, 21:12
Land Size: 20923sqft

I sincerely apologise as this project wasn't available for the Super VIP Preview Launch last weekend thus no sales conducted. Will keep you guys updated pertaining this project.

Meanwhile, anybody who would like to register their interest to attend the Super VIP Preview Launch may drop me a line @ 82818888 so I may try and get you an appointment once Developer has confirmed the Preview date.

:)
Pet

Brandon-Huttons-9852 5624
18-11-08, 22:41
LuMa @ 6 River Valley Grove

Tenure : Freehold TOP expected : 2nd-3rd Q 2011

http://sg.88dbmedia1.jobsdb.com/sg_UploadFiles/2008/11/11/2D8C873E-65CA-4620-965F-53A33D9799D4.jpg (http://www.sgre.com.sg/projects/Luma/index.aspx)

1 Building of 27 Storeys High comprising of 75 Residential units

[1 BR & 2 BR Niche High End Units]

Facilities : Pool, Gym, Jacuzzi & BBQ Area & Sky Pool & Function Room.

(From only $1445 psf)

[CLICK HERE FOR FULL LAYOUT PLANS] (http://www.sgre.com.sg/projects/Luma/index.aspx)

Special Payment Scheme
Only 5%+15% Downpayment & nothing till TOP with OCBC BANK Loan!!


Selling Points

1) Mins to Great World ( 6-8 mins walk )
2) High End Finishing From Italy & France
3) Mins To Orchard & Prestigious & Exlcusive Premier Singapore Address
4) High Rental Yield of above 5.5%!!!
5) Iconic Building with High-End Finishes


Showflat Preview on coming Friday-Sunday (10am - 6pm) 14th No'08
Via appointment only
(Call to avoid last min changes)

Regards,
Brandon Huttons
Hp: 9852 5624
Email : [email protected]
www.SGRE.com.sg



Hi Guys,

Sorry for the psf,

Slight lookover from my side.

Starting psf$ should be starting from $15xx to $16xx.

given the quality of Novelty. Its still a steal.

Call for more info

Brandon Huttons
9852 5624

moonk123
19-11-08, 10:32
Project Name-LUMA(Former RIVERIA LODGE)
Developer-Novelty Holdings Pte Ltd(Novelty Group)
Property Type-Apartment
Tenure - Freehold
Total Units - 75
Completion Date - est 30jun 2011
District - 9

hi,u can take a tour to LUMA without going there
http://www.virtualhomes.sg/luma

mengwee
19-11-08, 12:05
Novelty also cuts its Evania project (freehold apartment at Paya Lebar road) to move sales....

Real Estate Pundit
19-11-08, 15:37
Hi Guys,

Sorry for the psf,

Slight lookover from my side.

Starting psf$ should be starting from $15xx to $16xx.

given the quality of Novelty. Its still a steal.

Call for more info

Brandon Huttons
9852 5624

It is a steal? You gotta be kidding right?

Look at the plans on Page 1 of this thread. The bay windows, planters, AC ledge and balcony takes up to 30% of the strata area. The liveable space is like a hole-in-the-wall.

The bay windows and planters runs almost the whole open perimeter of the apt! $1,5xxpsf for bay windows and planter? :doh:

Brandon-Huttons-9852 5624
19-11-08, 16:26
It is a steal? You gotta be kidding right?

Look at the plans on Page 1 of this thread. The bay windows, planters, AC ledge and balcony takes up to 30% of the strata area. The liveable space is like a hole-in-the-wall.

The bay windows and planters runs almost the whole open perimeter of the apt! $1,5xxpsf for bay windows and planter? :doh:

Hi Real Estate Pundit,

Then what price should it be?
(Given Your nick name, please give a constructive answer)

regards,
Brandon Huttons

Bishan Kid
19-11-08, 16:27
It is a steal? You gotta be kidding right?

Look at the plans on Page 1 of this thread. The bay windows, planters, AC ledge and balcony takes up to 30% of the strata area. The liveable space is like a hole-in-the-wall.

The bay windows and planters runs almost the whole open perimeter of the apt! $1,5xxpsf for bay windows and planter? :doh:

River Valley close is a dead end road and the site is very small.
The orientation of the units are poor and sandwiched.
I would rather go for Cosmo and no way is worth $1600 even in a boom
market.

Farnie
19-11-08, 17:05
It is a steal? You gotta be kidding right?

Look at the plans on Page 1 of this thread. The bay windows, planters, AC ledge and balcony takes up to 30% of the strata area. The liveable space is like a hole-in-the-wall.

The bay windows and planters runs almost the whole open perimeter of the apt! $1,5xxpsf for bay windows and planter? :doh:

Hi REP,

It is a steal, but trying to steal from buyers :D Brandon, to me, a fair px is either take away from the floor area calculation all the baywindow, planter, and 50% off balcony, sky terrace and yard area, and than multiply by $1,500 psf, that to me is still ok. But to call it a steal, no way even if its base on my above suggestion.

To qualify as a steal, $800 psf AND base on taking away/ discounting away all those baywindows, planter, yard etc.

Brandon-Huttons-9852 5624
19-11-08, 18:33
Hi REP,

It is a steal, but trying to steal from buyers :D Brandon, to me, a fair px is either take away from the floor area calculation all the baywindow, planter, and 50% off balcony, sky terrace and yard area, and than multiply by $1,500 psf, that to me is still ok. But to call it a steal, no way even if its base on my above suggestion.

To qualify as a steal, $800 psf AND base on taking away/ discounting away all those baywindows, planter, yard etc.


Woah Farnie,

if prices drop to that low, den you won't look at that area already.
You will aim Orchard already.

$800 psf currently will be out of prime D.09 /D.10 / D.11

Prime District 09/10 & 11 will not hit $800psf. As investors would rather rent lower & lay low to fight till the next upturn.

Going for less than $1000 psf for River Valley Grove? Quite unlikely.

We have more or less hit the rock bottom already.
( Other than keeping cash, the other is to look out for a good buy )


Please do look at my other thread in D.09 Newton Edge @ Makeway Avenue.

NEWTON EDGE @ MAKEWAY AVE (http://forums.condosingapore.com/showthread.php?t=6113)

This is up & coming... can seriously consider as it is priced accordingly to market conditions & sentiments

kal
19-11-08, 18:59
Hi REP,

It is a steal, but trying to steal from buyers :D Brandon, to me, a fair px is either take away from the floor area calculation all the baywindow, planter, and 50% off balcony, sky terrace and yard area, and than multiply by $1,500 psf, that to me is still ok. But to call it a steal, no way even if its base on my above suggestion.

To qualify as a steal, $800 psf AND base on taking away/ discounting away all those baywindows, planter, yard etc.

$800psf, i think u better change yr name "farnie" to "funny" !! Such a joker !!

dtrax
19-11-08, 19:03
lol if 800 psf i rush in buy 2 units haha.. anw when the preview will be opened? this weekend?

Brandon-Huttons-9852 5624
19-11-08, 19:15
lol if 800 psf i rush in buy 2 units haha.. anw when the preview will be opened? this weekend?

Hi dtrax,

i was thinking the same too.

Foreign funds will "swallow'' the whole project b4 even being released to the public if its based on that price.

Well, we only had been informed that Preview for Luma will be delayed till further notice.

Will keep u posted further.

Or if you're interested do drop me an email @ [email protected]

with your name/mobile/project interested.

Good Day~~

Sell
19-11-08, 19:21
Hi REP,

It is a steal, but trying to steal from buyers :D Brandon, to me, a fair px is either take away from the floor area calculation all the baywindow, planter, and 50% off balcony, sky terrace and yard area, and than multiply by $1,500 psf, that to me is still ok. But to call it a steal, no way even if its base on my above suggestion.

To qualify as a steal, $800 psf AND base on taking away/ discounting away all those baywindows, planter, yard etc.


This farnie is so funny:rolleyes:

Farnie
19-11-08, 21:58
$800psf, i think u better change yr name "farnie" to "funny" !! Such a joker !!

When it becomes a reality, letz see if you still have the mood to joke. Somehow we humans never learn. Always think that history will not repeat itself.

Well, if some of you choose not to listen, I will be more than willing to profit from you guys. It has happened before in the late 90s, it will happen again.

Anyway this is still early days of the beginning of the down cycle. I reckon we still have at least 3 more years to go before we can smell any recovery.

dtrax
19-11-08, 22:10
When it becomes a reality, letz see if you still have the mood to joke. Somehow we humans never learn. Always think that history will not repeat itself.

Well, if some of you choose not to listen, I will be more than willing to profit from you guys. It has happened before in the late 90s, it will happen again.

Anyway this is still early days of the beginning of the down cycle. I reckon we still have at least 3 more years to go before we can smell any recovery.

LOL i wun say it will not happen but likelyhood to drop so much is not that high. But if it does like I said will chiong in buy 2 units.

Many pple still adopting wait and see attitude to see how far the drop in property prices will go... so let's pray hard.

Reporter
19-11-08, 22:12
lol if 800 psf i rush in buy 2 units haha.. anw when the preview will be opened? this weekend?
Before you do, I would have already poured all my profits back into the market.


Private Residential Units Sold in the Month of October 2008

Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Hillvista ........... OCR ........ 2 ............................... 1,050 ............. 1,047 ............ 1,043

Reporter
19-11-08, 22:28
Anyhow, let's be honest. The developer was greedy in the beginning. This place doesn't warrant $2,xxx psf. This is not Orchard Road. A fair value would be around $1,500-1.600psf.


http://www.straitstimes.com/Money/St...ry_303557.html

November 18, 2008 Tuesday

....................

There were a few quirks in the figures. For instance, a mass market condo, Lakeshore in Jurong West, sold for a relatively high $1,038 psf, said Savills Singapore's director of marketing and business development, Mr Ku Swee Yong.

Two posh 99-year leasehold bungalows at Sandy Island at Sentosa Cove were sold for a high $2,033 psf and a possible record price of $2,169 psf, or above $13 million each.

CBRE Research executive director Li Hiaw Ho said such deals last month seemed to show prices have remained fairly stable in the past two months.

....................

v2offer
19-11-08, 23:05
Stock market is hovering around 1600 points. It will not go under 1000. If not many companies will wind down and many jobs losses. Govt will not allow this to happen. Therefore, we may be seeing the rock bottom.. As investing in property is looking at 5-10yrs down the road, not now. Since now is almost at rock bottom, why not start come out bargain a good price?? Do u all want to wait till many people think can buy, then u buy?? By then do u think developers will still sell u at this price??? Ask yrself these questions first...I oredi had many buyers that missed the boat in 2007. Keep asking to buy if not price will shoot, still say wait... Then shoot up oredi cannot buy liao... Thus missing a boat of golden opportunity to earn money....

Farnie
19-11-08, 23:12
Woah Farnie,

if prices drop to that low, den you won't look at that area already.
You will aim Orchard already.

$800 psf currently will be out of prime D.09 /D.10 / D.11

Prime District 09/10 & 11 will not hit $800psf. As investors would rather rent lower & lay low to fight till the next upturn.

Going for less than $1000 psf for River Valley Grove? Quite unlikely.

We have more or less hit the rock bottom already.
( Other than keeping cash, the other is to look out for a good buy )


Please do look at my other thread in D.09 Newton Edge @ Makeway Avenue.

NEWTON EDGE @ MAKEWAY AVE (http://forums.condosingapore.com/showthread.php?t=6113)

This is up & coming... can seriously consider as it is priced accordingly to market conditions & sentiments

I think if an investor has to rely on agents to say an area is `up & coming', he better put his money under his pillow. I have heard so many `up & coming' areas from agents until I had to ask them, tell me, which area in sg is not `up & coming', I will invest there.

Pls, I think I know which is an area that has potential and value, not necessary `up & coming'. Judging from the floor plans, I think the `mickey mouse' houses in Little India area has spread to newton as well. Living room `big' enough to put a 2-seater sofa and that is for the biggest 3-bedder penthouse! So next time, for smaller units like studio, they might not even have rooms for sofa. Occupants should just get a beanbag and sit on the floor :D

And the bedrooms, they are just `big enough' to put just a single-size bed and a 2-door wardrobe. If this is px according to sentiments and mkt conditions, then I believe the developer either is insulated from all the happenings in the economy now or they are still trying to find some suckers out there.

Farnie
19-11-08, 23:30
Stock market is hovering around 1600 points. It will not go under 1000. If not many companies will wind down and many jobs losses. Govt will not allow this to happen. Therefore, we may be seeing the rock bottom.. As investing in property is looking at 5-10yrs down the road, not now. Since now is almost at rock bottom, why not start come out bargain a good price?? Do u all want to wait till many people think can buy, then u buy?? By then do u think developers will still sell u at this price??? Ask yrself these questions first...I oredi had many buyers that missed the boat in 2007. Keep asking to buy if not price will shoot, still say wait... Then shoot up oredi cannot buy liao... Thus missing a boat of golden opportunity to earn money....

I'm glad the trusted agents that serve me doesnt give me advice like the way you are dishing out to people here. Missed the boat in 2007? I think many would agree these people should really thank their lucky stars that they havnt bought anything in the past 12 mths. In fact, all the places I have been monitoring from Residences @ Evelyn, Rivergate, The Sail has all seen asking px AND transactions px drop in the past 12 mths.

To suggest that we are now at rock bottom prices, would you dare to guarantee the buyer if the prices drop further? If you can't, please do not write such irresponsible comments. Its better for your career, and it will serve you well to just say nothing than to say something stupid.

Real Estate Pundit
19-11-08, 23:46
Hi Real Estate Pundit,

Then what price should it be?
(Given Your nick name, please give a constructive answer)

regards,
Brandon Huttons

Is there a showflat? I doubt the showflats will look or feel anything like what is quoted as the strata area. The ID will probably have the balcony and planter intergrated into the living space to fool the not-so-clever to think that the useable is larger than it really is. This is clearly apparent in the showflat of LUCIDA, another of Novelty's project near Owen Rd.

Also how many carpark lots in the development? Will 2 lots be reserved for handicap parking?

The sad thing will be, a few people will be suckered by the sales talk that the new price is a 'steal' and will put their deposit down. Good luck to them.

Real Estate Pundit
19-11-08, 23:56
Stock market is hovering around 1600 points. It will not go under 1000. If not many companies will wind down and many jobs losses. Govt will not allow this to happen. Therefore, we may be seeing the rock bottom.. As investing in property is looking at 5-10yrs down the road, not now. Since now is almost at rock bottom, why not start come out bargain a good price?? Do u all want to wait till many people think can buy, then u buy?? By then do u think developers will still sell u at this price??? Ask yrself these questions first...I oredi had many buyers that missed the boat in 2007. Keep asking to buy if not price will shoot, still say wait... Then shoot up oredi cannot buy liao... Thus missing a boat of golden opportunity to earn money....

The stock market has come off from 3,800+ points to 1,800+points in 13 months. Do you think the Govt can do anything about it?

Temasek already lost A$415M (or S$500Mil * exchange rate 1 year ago) for 15% share of ABC Learning! How much more of Sing$ is tied up in 'Long Term Investments'? Banks in US, companies in Hong Kong, commercial buildings in Korea & Japan.....all this will prove to be very, very long term investments!

Don't forget that the property price index will lag behind the STI by 6-9 months, so it will only mean that the PPI has a very big drop coming. Who will dare to say that prices won't go below 2005/2006 levels?

Real Estate Pundit
20-11-08, 00:01
v2offer, in case you have not heard, the COE for small car is at $2!

We are heading into a storm that will be more turbulent than SARS and Asian currency crissis. It will probably make the 1929 Great Depression a molehill.

dtrax
20-11-08, 00:05
Let's all do a part for the world the economic troubles and use the $2 COE and buy Chrysler cars to save them b4 they collapse

Bishan Kid
20-11-08, 07:48
Let's not confused with D9 /D10 location.
Paterson Residences (D9) site was enblocked in 1996 at price close to
$1000ppr as compared to Luma(9) site at 450+ .
The both sites are world of difference.
If the site is good , the big boys will be there.

buy
20-11-08, 08:46
aiya everything to farine also not good one lar

suggest she so rich should go buy one plot of land

and build a castle

in forum talk is free one

LoL

Teana
20-11-08, 13:03
aiya everything to farine also not good one lar

suggest she so rich should go buy one plot of land

and build a castle

in forum talk is free one

LoL
I am not keen to respond to Farnie. From her comments in the various threads, one can see that she is so narrow-minded. She is only keen to say what she wanted to say, but refuse to answer questions or listen to comments which are not in her interest.

The forum is not only meant for discussion but also for individual to voice their opinions. So, she has the right to voice her opinion while we continue our discussion.

kal
20-11-08, 13:45
playing LEGO is more suitable for her lah :scared-4:

Brandon-Huttons-9852 5624
20-11-08, 14:28
I think if an investor has to rely on agents to say an area is `up & coming', he better put his money under his pillow. I have heard so many `up & coming' areas from agents until I had to ask them, tell me, which area in sg is not `up & coming', I will invest there.

Pls, I think I know which is an area that has potential and value, not necessary `up & coming'. Judging from the floor plans, I think the `mickey mouse' houses in Little India area has spread to newton as well. Living room `big' enough to put a 2-seater sofa and that is for the biggest 3-bedder penthouse! So next time, for smaller units like studio, they might not even have rooms for sofa. Occupants should just get a beanbag and sit on the floor :D

And the bedrooms, they are just `big enough' to put just a single-size bed and a 2-door wardrobe. If this is px according to sentiments and mkt conditions, then I believe the developer either is insulated from all the happenings in the economy now or they are still trying to find some suckers out there.


Hi Farnie,

I will tend to disagree with you since I'm the marketing agent of this project.

SIZE issue

Using 1 Bedroom as comparison
Lets Say, 1 Bedroom 700 sqft. (Acceptable?)

700 sqft x 13xx psf = $9xx,xxx/-

$910,000 for a 1 Bedroom for Investment? Rental yield @ 5% you will need to rent it @ $3500 - $4000/- per month for a Expats who come home & treat it as a place to rest & sleep.


Whereas a smaller size 1 Bedroom unit 463 sqft x $13xx psf = $6xxk- $650k
Rental Yield @ 5% will need to be rent out @ $2500-$2700 per month.

Same returns / same usage / more affordable


Any way, units are getting smaller rather than getting bigger in the market nowadays to make it more AFFORDABLE due to land cost/construction cost / development charges.



if really want it big?? Then aim all the penthouses/Cluster Housing/Strata Housing.....BIG & Cheaper than penthouses/landed.



Or what is it that is preferable? HDB & PTE & LANDED are all a different ball game.
Attack each ball game with different tactics, if not a single goal will be scored.


Reasons to buy

1) Bad times are good times to buy isn't it??

2) As the old saying goes, buy while its low & sell while its high?

3) Don't buy while everybody are buying, & Buy when all are staying away?

"Disagreeing with comment on finding some suckers out there"

I think maybe you should be a Developer & make BIG Spacious units & Price it $500-$700psf so that ALL the property buyers can buy from you.

i Think your stand is to buy when its Free!
( Happy Waiting for the time to come )

Farnie
20-11-08, 14:57
I am not keen to respond to Farnie. From her comments in the various threads, one can see that she is so narrow-minded. She is only keen to say what she wanted to say, but refuse to answer questions or listen to comments which are not in her interest.

The forum is not only meant for discussion but also for individual to voice their opinions. So, she has the right to voice her opinion while we continue our discussion.

Pls highlight which questions you raised that I did not answer. I remember in our previous conversation in the One-North thread, I have explained my pov on your 3 assumptions. But you did not have a reply to them. Thus I'm wondering who is the one who `refuse to answer questions but is only willing to listen to comments which supports your arguement :rolleyes:

At the end of the day, I'm not really concerned if you think I'm narrow-minded or if I'm an Angel. All I know and see is developers and agents are still trying to drum up interest with claims that NOW is the bottom, asking the govt for concessions and support etc so that they can continue to push units at sky-high prices and also earn super-normal profits by looking for every possible loop-hole in the building guidelines to squeeze every cent out of buyers.

As for me, I'm pretty happy with this stand-off since I'm in no urgent need to share/ return my profits to the developers after I managed to earn from their greed in 98-00. And hearing all you people trumpet the same things now brings back an eerie sense of deja-vu, stories that I have heard years ago, and I can smell history repeating itself again.

This is certainly sad, because greed is what kills people. And I sense some of you participating by instilling fear.

Teana
20-11-08, 15:12
Public housing prices will not drop due to economic reasons. I am sure you know the reasons behind since you sound like one that can make a good government with good policy.

....................

I am interested in the policy you would implement if you are the government.
Hi forumers, I am keen to find out what policy you would implement if you are the government in this period.

Narrow-minded or boastful individuals are excused from answering.

Property_Owner
20-11-08, 15:17
Want to buy then buy loh, why post in so many threads and bring down all properties. To you which property is good? Seems that nothing suits you! Complain this and that, what bay window, planters, ac ledge and so on. Buy old HDB flats then, don't have these 3 things u mentioned. Which developers don't want to make profits? Who want to sell at cost or at loss. If you think all things should sell at cost or loss, then go tell everyone to sell their products at cost or loss to you, chicken rice 50cents, taxi ride $2, bus fare 20cents. If can't get that price don't buy!

Lastly, you ever drink a glass of coke at USD25? Bet you never and ever!

Good luck for your cheap buy!

Farnie
20-11-08, 15:39
Hi Farnie,

I will tend to disagree with you since I'm the marketing agent of this project.

SIZE issue

Using 1 Bedroom as comparison
Lets Say, 1 Bedroom 700 sqft. (Acceptable?)

700 sqft x 13xx psf = $9xx,xxx/-

$910,000 for a 1 Bedroom for Investment? Rental yield @ 5% you will need to rent it @ $3500 - $4000/- per month for a Expats who come home & treat it as a place to rest & sleep.


Whereas a smaller size 1 Bedroom unit 463 sqft x $13xx psf = $6xxk- $650k
Rental Yield @ 5% will need to be rent out @ $2500-$2700 per month.

Same returns / same usage / more affordable


Any way, units are getting smaller rather than getting bigger in the market nowadays to make it more AFFORDABLE due to land cost/construction cost / development charges.



if really want it big?? Then aim all the penthouses/Cluster Housing/Strata Housing.....BIG & Cheaper than penthouses/landed.



Or what is it that is preferable? HDB & PTE & LANDED are all a different ball game.
Attack each ball game with different tactics, if not a single goal will be scored.


Reasons to buy

1) Bad times are good times to buy isn't it??

2) As the old saying goes, buy while its low & sell while its high?

3) Don't buy while everybody are buying, & Buy when all are staying away?

"Disagreeing with comment on finding some suckers out there"

I think maybe you should be a Developer & make BIG Spacious units & Price it $500-$700psf so that ALL the property buyers can buy from you.

i Think your stand is to buy when its Free!
( Happy Waiting for the time to come )

Pls pardon my comprehension, I fail to see what is your point or argument in the 1st half by presenting all the calculations above. I really `catch no balls' even though you tried to `play ball games' and `score goals'. If you would state your point or question, I will be glad to reply.

With regards to the 2nd half, where you stated 3 reasons to buy, let me share my ideas with you, if I may.

1) Bad times are good times to buy isn't it??

- Agree. But now is not `bad times' yet. Wait till the enbloc projects TOP in 2010/2011, where supply has tripled from pre-enbloc days, lets see if demand has tripled by 2010/2011 to absorb these new supply.

My take is even if the financial situation stablises in the next 12 mths, you will not see expats flocking back in droves, let alone 3x the number back to Sg in 2010/2011 to absorb this supply. Thus its clear to be there will be a supply glut and again history repeats itself.

Thus the arguement that land+construction+development costs is already so much, thus prices cannot go down is irrelevant because in an oversupply mkt, there will be plenty to choose from and its buyers who will call the shots, not sellers.

2) As the old saying goes, buy while its low & sell while its high?

-Very true maxim. And unless you have a different price index from mine, I think the price is still way too high now even if it has corrected somewhat in the past 12 mths.

I see the low in 2010/2011. And I'm not afraid to say this because as stated in point (1), there will be plenty of supply to go around for the patient buyers who waited till then to buy for investments.

3) Don't buy while everybody are buying, & Buy when all are staying away?

- Again, I agree. And I also see the developers not participating in govt land sales and enbloc tenders. So if even developers are staying away, isn't it a sure sign that something is amiss? If px is really going to continue to increase, wouldnt developers try to lock in the `low' land costs now?

Well, my stand has always been buy when its reasonable and I trust my own judgement which has serves me well. Never be driven by your own fear or greed. Overcome them instead.

While I respect that as the project's marketing agent, you are duty-bound to point out the +ve sides of a project. However, you still have a lot to learn in terms of being a professional agent. Otherwise, people will just view you as an order-taker.

Usually I wouldn't bother saying so much, let alone typing so much, in a forum. I only reserved these advices to my surbodinates during year-end evaluation. But market is quite quiet now, and I have also received a fair share of advice from my own mentors in the past so I'm quite happy to spend the last 45 min penning my thoughts.

Whether you listen or not, no loss or gain to me, cheers!

buy
20-11-08, 15:53
If farnie so clever

should be owing some huge plot of land leh

or giving adivse on CNA liao

or maybe working in govt dept as a super high

ranking officer

still got time to come here and post?

LoL

jurgen
20-11-08, 17:03
Quite agree with the points made by Farnee.

I sold my property at start of the year and am waiting to enter the market again. But this is certainly not the time. The prices in the condo where I sold my flat have barely fallen 5% since the time I sold. And I had achieved an appreciation of 60% in one and half year before I sold. So basically went up 60% and came down 5%. All in space of around 2 years. I would hardly call it a bottom.

Reporter
20-11-08, 17:33
Quite agree with the points made by Farnee.

I sold my property at start of the year and am waiting to enter the market again. But this is certainly not the time. The prices in the condo where I sold my flat have barely fallen 5% since the time I sold. And I had achieved an appreciation of 60% in one and half year before I sold. So basically went up 60% and came down 5%. All in space of around 2 years. I would hardly call it a bottom.
But did you realise every bottom is higher than the last?

Reporter
20-11-08, 17:39
Hi dtrax,

i was thinking the same too.

Foreign funds will "swallow'' the whole project b4 even being released to the public if its based on that price.

Well, we only had been informed that Preview for Luma will be delayed till further notice.

Will keep u posted further.

Or if you're interested do drop me an email @ [email protected]

with your name/mobile/project interested.

Good Day~~
Cheaper than Park Infinia in D11?


Private Residential Units Sold in the Month of October 2008

Project Name ................ Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Park Infinia at Wee Nam .. CCR ........ 1 ............................... 1,640 ............. 1,640 ............ 1,640

Property_Owner
20-11-08, 18:40
If farnie so clever

should be owing some huge plot of land leh

or giving adivse on CNA liao

or maybe working in govt dept as a super high

ranking officer

still got time to come here and post?

LoL

Agree, would have bought 10 unit of the Sail when launch and sell last year, then everyday will be very bz counting her money and no time to come here to post. Too bad she's didn't. So funny is the farnie.

Property_Owner
20-11-08, 19:57
v2offer, in case you have not heard, the COE for small car is at $2!

We are heading into a storm that will be more turbulent than SARS and Asian currency crissis. It will probably make the 1929 Great Depression a molehill.

Who? Who are we

jurgen
21-11-08, 01:44
But did you realise every bottom is higher than the last?

Normally I would agree. But the present crisis is like none we have seen before. So anything is possible. So its not unreasonable to expect a 30% drop from present valuations.

If you have bought any stocks off late, you would have realized that whenever you think its the bottom, you find prices falling even more. I wouldn't be surprised if that trend hits property prices as well.

If Citibank can sell at 5$/share, COE can be 2$......any property price is possible.

Farnie
21-11-08, 05:38
Normally I would agree. But the present crisis is like none we have seen before. So anything is possible. So its not unreasonable to expect a 30% drop from present valuations.

If you have bought any stocks off late, you would have realized that whenever you think its the bottom, you find prices falling even more. I wouldn't be surprised if that trend hits property prices as well.

If Citibank can sell at 5$/share, COE can be 2$......any property price is possible.

And Citi just closed at USD 4.71. What a busy day/ night for me and my team. Fine by me that you guys `debate' and mock me :spliff2: while the rest of the world is busy using this crisis to find opportunities that weren't there just 3 mths ago.

To Property_owner, I assume you realised you are behind a computer screen and thus spurt the nonsense about me not owning 10 units of The Sail and thus not counting my money. I'm pretty sure if you see me face to face, you will take back all that you wrote :)

Jurgen, you are wise to look at equities and not just confine to local stocks. Hint:-plenty of gems out there now.....but advice is not to go long on equities for too long. Sell on strength, make little but numerous gains, do not be greedy and you should be fine :cheers1:

Real Estate Pundit
21-11-08, 06:51
Who? Who are we

Dear Property_Owner,

Aren't WE all in the same boat? I am on planet earth, where are you at?

Or do you have a different economic indicator?

Bishan Kid
21-11-08, 07:53
Pls pardon my comprehension, I fail to see what is your point or argument in the 1st half by presenting all the calculations above. I really `catch no balls' even though you tried to `play ball games' and `score goals'. If you would state your point or question, I will be glad to reply.

With regards to the 2nd half, where you stated 3 reasons to buy, let me share my ideas with you, if I may.

1) Bad times are good times to buy isn't it??

- Agree. But now is not `bad times' yet. Wait till the enbloc projects TOP in 2010/2011, where supply has tripled from pre-enbloc days, lets see if demand has tripled by 2010/2011 to absorb these new supply.

My take is even if the financial situation stablises in the next 12 mths, you will not see expats flocking back in droves, let alone 3x the number back to Sg in 2010/2011 to absorb this supply. Thus its clear to be there will be a supply glut and again history repeats itself.

Thus the arguement that land+construction+development costs is already so much, thus prices cannot go down is irrelevant because in an oversupply mkt, there will be plenty to choose from and its buyers who will call the shots, not sellers.

2) As the old saying goes, buy while its low & sell while its high?

-Very true maxim. And unless you have a different price index from mine, I think the price is still way too high now even if it has corrected somewhat in the past 12 mths.

I see the low in 2010/2011. And I'm not afraid to say this because as stated in point (1), there will be plenty of supply to go around for the patient buyers who waited till then to buy for investments.

3) Don't buy while everybody are buying, & Buy when all are staying away?

- Again, I agree. And I also see the developers not participating in govt land sales and enbloc tenders. So if even developers are staying away, isn't it a sure sign that something is amiss? If px is really going to continue to increase, wouldnt developers try to lock in the `low' land costs now?

Well, my stand has always been buy when its reasonable and I trust my own judgement which has serves me well. Never be driven by your own fear or greed. Overcome them instead.

While I respect that as the project's marketing agent, you are duty-bound to point out the +ve sides of a project. However, you still have a lot to learn in terms of being a professional agent. Otherwise, people will just view you as an order-taker.

Usually I wouldn't bother saying so much, let alone typing so much, in a forum. I only reserved these advices to my surbodinates during year-end evaluation. But market is quite quiet now, and I have also received a fair share of advice from my own mentors in the past so I'm quite happy to spend the last 45 min penning my thoughts.

Whether you listen or not, no loss or gain to me, cheers!

I hate to agree with your observations cos I still holding few properties.
Why am I so free to post?
Business is so quiet and the stocks are heading south every day where I usually don't even have time for meals let's alone posting.

Reporter
21-11-08, 16:10
Normally I would agree. But the present crisis is like none we have seen before. So anything is possible. So its not unreasonable to expect a 30% drop from present valuations.

If you have bought any stocks off late, you would have realized that whenever you think its the bottom, you find prices falling even more. I wouldn't be surprised if that trend hits property prices as well.

If Citibank can sell at 5$/share, COE can be 2$......any property price is possible.
Go ahead and make Citi cheaper. I will not complain. I will buy Citi at the cheap price that you set and sell it off into smaller parts and make money.

Go ahead and make the properties cheaper. I will not complain. I will buy them and sell them for a profit.

Oh! Thanks for making them cheaper! The cheaper the better!

Brandon-Huttons-9852 5624
21-11-08, 17:56
Pls pardon my comprehension, I fail to see what is your point or argument in the 1st half by presenting all the calculations above. I really `catch no balls' even though you tried to `play ball games' and `score goals'. If you would state your point or question, I will be glad to reply.

With regards to the 2nd half, where you stated 3 reasons to buy, let me share my ideas with you, if I may.

1) Bad times are good times to buy isn't it??

- Agree. But now is not `bad times' yet. Wait till the enbloc projects TOP in 2010/2011, where supply has tripled from pre-enbloc days, lets see if demand has tripled by 2010/2011 to absorb these new supply.

My take is even if the financial situation stablises in the next 12 mths, you will not see expats flocking back in droves, let alone 3x the number back to Sg in 2010/2011 to absorb this supply. Thus its clear to be there will be a supply glut and again history repeats itself.

Thus the arguement that land+construction+development costs is already so much, thus prices cannot go down is irrelevant because in an oversupply mkt, there will be plenty to choose from and its buyers who will call the shots, not sellers.

2) As the old saying goes, buy while its low & sell while its high?

-Very true maxim. And unless you have a different price index from mine, I think the price is still way too high now even if it has corrected somewhat in the past 12 mths.

I see the low in 2010/2011. And I'm not afraid to say this because as stated in point (1), there will be plenty of supply to go around for the patient buyers who waited till then to buy for investments.

3) Don't buy while everybody are buying, & Buy when all are staying away?

- Again, I agree. And I also see the developers not participating in govt land sales and enbloc tenders. So if even developers are staying away, isn't it a sure sign that something is amiss? If px is really going to continue to increase, wouldnt developers try to lock in the `low' land costs now?

Well, my stand has always been buy when its reasonable and I trust my own judgement which has serves me well. Never be driven by your own fear or greed. Overcome them instead.

While I respect that as the project's marketing agent, you are duty-bound to point out the +ve sides of a project. However, you still have a lot to learn in terms of being a professional agent. Otherwise, people will just view you as an order-taker.

Usually I wouldn't bother saying so much, let alone typing so much, in a forum. I only reserved these advices to my surbodinates during year-end evaluation. But market is quite quiet now, and I have also received a fair share of advice from my own mentors in the past so I'm quite happy to spend the last 45 min penning my thoughts.

Whether you listen or not, no loss or gain to me, cheers!


Hi Farnie,

Well true everyday agents are still learning, new things happens / new rules have been made.

Well all i can say is that i'm not Yesterday agent.:)

Anyway Farnie which industry you're in?
(Just Curious)

Well this is still anybody's guess, no right no wrong on market bottoms timing.
It still all depends on a person's courage to buy while its low.

I will sincerely though encourage home stayers who felt that 07 prices were too costly. Now is the time, to pick & buy & get a good discount for your dream home.

Investors

In my opinion, Buying a newly launch project might be the best choice.

just a 5%+15% downpayment & rest upon T.O.P with a secure bank loan upfront [Interest Absorption Scheme].

Buying something which TOP in End 2011 / Early 2012 allows you gets higher rental yield, higher capital appreciation if you do sell/rent upon TOP time.
( Your property will bypass this 2-3 years of bad economy & emerge as a newly completed property upon TOP time by then market more or less will be recovering )

Whether market improves or still declining, its up to individual.

Last advice
Using News as source of analysis is not really that advisable.

v2offer
24-11-08, 16:02
Only the most courageous investors gain the most...

Reporter
24-11-08, 22:56
Normally I would agree. But the present crisis is like none we have seen before. So anything is possible. So its not unreasonable to expect a 30% drop from present valuations.

If you have bought any stocks off late, you would have realized that whenever you think its the bottom, you find prices falling even more. I wouldn't be surprised if that trend hits property prices as well.

If Citibank can sell at 5$/share, COE can be 2$......any property price is possible.

Go ahead and make Citi cheaper. I will not complain. I will buy Citi at the cheap price that you set and sell it off into smaller parts and make money.

Go ahead and make the properties cheaper. I will not complain. I will buy them and sell them for a profit.

Oh! Thanks for making them cheaper! The cheaper the better!
Thanks for making the market lower for me, Jurgen!

I don't trade in stocks. The last time I traded in NYSE was like almost 5 years ago. But you sounded like someone who can make the market lower. So I believed you and bought Citi at $3.50 last Friday.

I will be asking for your help in both the NYSE and the property market again soon. I act on my words but I need your help.

Once again, thanks so much!

Petmail
27-11-08, 02:23
hi guys & gals... sorry to have interupted into your power debates on the current market situation and market sentiments. somehow I just can't resist to make just humble comments of my own and hopefully you guys will not be bombarding me when you see my postings.. haha.. :p

Okie, let's start with the current stock market, the uncertainties in the current stock markets has caused a lot of fear, confusion as mentioned by a few of our fellow forumers has said, USD $5 for citi shares...who would have expect that their shares could be so dirt cheap today? who can guarantee that citi shares can still worth even $0.50 by tomorrow? nobody can!!! they have even nearly gone bust! Have we asked ourselves why did such things happened to the united states that actually affected most of the countries globally? Sub-prime issues resulted all these... in fact if we look at the market carefully, sub-prime has its existence since many years back.. it was never a problems till the us exchange against most other currencies weaken tremendously. six months back we were talking about the exchange against sgd is 1.3++. US has always been regarded as one of the major importer & exporter of most commodities/industries. if we look at the US exchange rate 4-5years back then was approx. 1.7-1.8 and people were even taolking about it shooting above 1.9. eventually it just kept dropping till we gets 1.4-1.3. over these 4-5years, many companies in US either chose to haul their production or shift their factories into the asian while those who cannot afford simply reduce their imports and price their product higher which made it not competitive in the market and eventually have to shut their factories, live on with existing stocks available and eventually go bust resulting in high unemployment rate.

high unemployment rates resulted in high loan repayment defaults to the bank, finance companies. Repossession taken place in extremely high pace and flooded in the entire property market. banks and financing companies were not able to recover the full value of the properties and thus also have to follow suit to sell them to retrieve whatever they can so as to make payment to bigger banks or investment banks like lehmann bros. when they were not able to they goes into trouble too. big companies and banks like lehmann bros also have a loan to pay off to the international banks etc and that's when they can't pay it off and realised that the income were not even enough to pay of the existing debts thus gone bust. major banks who buy loan application from such companies starts to get affected and slowly gone into troubles. rest of the world starts to get hit more or less may not be at all related to this issue but still gets the waves of it as fears injects into the general public which causes them into panic selling and cashing out whatever they can retrieve from their stocks. prices starts falling too!!!

The current market situation may seems to be kinda deep well for most of us looking down and wonder when will we actually reach the end of it. but looking back did we also realise something? there are no lowest and highest in the entire stock market or even their brokers can never tell you when its gonna hit the lowest or the highest till such time when it really did and eventually past and recorded in the history. that's where the newspapers reports come in and tells everyone that the market is at its peak and the general public goes into it and tries to be the first but realised they will never be the one who gets the best profits or even the best deal cos most of the profits had already been pocketed by wise investors.

Looking back into our property market, its a similar cycle as the stock market except for one fact. property will never go bust like the stocks where overnight your property is worth a single cent at all unless the entire singapore sinks into the sea. stock are mainly generated due to the demand and supply of it while property do not simply depends on such theory. Property is also very much depends on the inflation rates. Inflations are not somehow a simple issue where anybody or any country can control. as long as the world is still advancing and keeps going into the modernisation inflation will just keep snowballing.

A simple example, I was 14 when my mum bought our first hdb 4rm in tampines. back then she was screaming that it was really such an expensive purchase as it cost us sgd $66k. expensive then but totally dirt cheap to us now! How much is a brand new hdb 4rm cost us now? I remember able to buy an ice-cream for $0.10-0.20 then but I almost fainted just now when I went to a store to pick up some groceries and saw the price of $0.90-1.00 for a simple ice-cream when I was craving for one. haiz.. what a childhood comparison, seems cruel and useless but if we really think hard enough, why would a property investment a good investment? cos property are simply too prone to inflation rates thru out the entire globe where the resources are not forever! price goes up for a reason! if the demand and supply factor are so strong to curb the inflation rates then let's ask ourselves, how much was a pack of chicken rice when you knew how to buy? the day I buy the first pack of chicken rice was $1.20 cos I am not a rice person. there was already a lot of stalls selling chicken rice back then with tonnes of competition but yet is there anything we can do to stop the price from going up? none! the average chicken rice price today is about $2.50-3.00. did the price goes up cos there were significantly drop of chicken rice stall owners? in fact there were even more! some coffeeshop even have two rice stall selling normal chicken rice and the other selling roasted chicken rice. even boon tong kee and 5star chicken set up their own so called the chicken rice restaurant. Are they really that good that we are willing to pay easily 100% more just to eat? eating is to give you energy but do we really need to go to that extend of paying so much more?

Let's take another important factor to consider... how about our every month end salary, if you start your first job with $1k after working for 20 years or even more can you still be contented drawing $1k every end of the month? I doubt so!!! just in case some of us is not aware, salary is part of the cause contributing to higher inflation rate. I used to draw barely $500 per month as a army regular but just 5 years later I realised all my junior who entered army for barely 2 years has salary that is almost catching up with mine!!! what a ironic!

Modernisation in life has a cost and the cost is resulting in just simply higher and higher cost! I honeslty wish I can also turn the clock back and live in the kinda life where I can get $1.20 for a pack of chicken rice, $0.10 for an ice-cream and of course $1.20 for a pack of cigarette but lets face it... its never possible unless another meteor drops on the entire earth to create and total mass distruction and we simply have to start all over again primitively. even with that I believe with our current adaptivity the modernisation could even evolve much faster then the rate our ancestors had experienced.

Back into the real life, since these are simply never gonna be possible then taking consideration of the inflation rates that keep on going higher and higher and higher. property prices which is mainly driven by the inflation will definitely be higher and higher. Of course due to certain global finance crisis and economical situation, we will see some drop in the prices. As an agent I cannot assure you it will not drop further or even when it will drop, I also cannot assure how much its will drop.. but similarly, nobody can deny the fact that property price will definitely shoot up to it next high again! am sure farnie and the rest of you will also agree with me by then you cannot assure me whether the price really at its peak or will go further more and how much further it will go. In fact as an agent we do look at the property more carefully then anybody else in the world just like those brokers will definitely analyse the stock market more carefully then the rest of us who are not in the industry cos its their job to advise their client. To be fair to us agents, we are definitely not in a better industry then the stock brokers. Most often we get penalised and badmouthed by a lot of people due to some wrong doings or misguidings from other agents and likely to be registered and bombarded in the forums etc. as compared to the brokers, they can simply just tell us 'no choice leh, nobody expected that also.. I also lose a lot of money in this stocks also..' they ended with a sad face and most often forgiven by us. but unfortunately in property you will never hear us telling you this reason cos whoever tells you that is simply being irresponsible! We are also human beings trying to earn a living to feed our family too. but i am sure most of us agents are definitely trying to give you the best and am defnitely sure again that none of them wanna see anyone of their clients loses money in their property!!!

Lastly, whenever we market a project we personally also look at the nearby project and advise our clients on our projects why it is a good buy and of course being a consumer you can choose to buy or not to buy.

Remember, you can never sell a 4year old bmw at the price of a brand new bmw even with a new coe... similarly, you can never sell a brand new bmw at the price of a 10 years old bmw just because somebody is selling at that kinda of price on the papers. If you can understand the logic of the buying and selling of cars, I am sure most of you guys and gals can understand why do we have to advise our client what is a good buy and what's not.

Just my two long cents and hope to hear some positive or constructive feedbacks from the rest of the forumers so we may all learn from one another.

:)
Pet

Teana
28-11-08, 11:09
lol if 800 psf i rush in buy 2 units haha.. anw when the preview will be opened? this weekend?
HDB price is still going up.
Just look at these Punggol BTO. Prices may been went up but applications have not fallen.

Mass-market condo price will not be lower than HDB price.
D9 condo price, in general, will not be lower than mass-market condo price.


http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Punggol BTO flats in hot demand
Michelle Tay
The Straits Times
Thursday, 27 November 2008

In these leaner economic times, the cheapest public housing option for newly-wed couples has been three times subscribed.

The Housing Board's latest Build-To-Order (BTO) flats, Punggol Arcadia, closed yesterday with 2,344 applications for just 750 units. The final update will be made today at 2pm.

The overwhelming response 'demonstrates that there is still a high demand for public housing', said the chief executive of property consultancy PropNex, Mr Mohamed Ismail.

gfoo
03-12-08, 10:03
seems like this forum is chock full of agents

I'm in the market for a nice place for me, wife and maybe baby (fingers crossed). Luma's one of them in my shortlist.

I've been actively going to showflats in a bid to shortlist the places i like. And every single succeeding weekend, prices keep going down and down and down.

The massive amount of layoffs to be announced at the start of the new FY will wake these developers up - factories are now only producing at 10% capacity and some of my mates are wondering why keep staff when my machines only operate a week a month at most?

We have not seen the end yet. I agree with farnie. those that think that $1500psf for places like the luma, or even $1200 for #4x floor of icon are steals, are utter idiots. Global deleveraging hasn't event started yet - we've only seen some fallout from CDOs. we haven't even gotten to mainstreet credit defaults yet. if the market doesn't fall below 2002 levels, we should already be laughing. i think it'll get much worse.

The fear now is not whether a property price will freefall. the fear is the solvency of the developer. even those that bought 'steals' like newtonedge and chuan hoe, good luck to you.

So i'm keeping my cash in gold and silver, will probably do up my existing place with some nice pantagonian walnut flooring and stuff, and I'll see you all again in 2010.

mengwee
03-12-08, 10:39
Buyers talk down price. Seller talk up price.
I try to use this forum to understand the market. Hope others do the same...

gfoo
03-12-08, 11:13
Buyers talk down price. Seller talk up price.
I try to use this forum to understand the market. Hope others do the same...
True, but that's the point of forums - free speech, free points of view, so all can learn.

I would like to say that as a buyer, i wish my posts will talk down price. but this is a small forum, will hardly make any dent. I will just let Mr Market dictate the price. and over the past few weeks at least, Mr Market has cut prices somewhat.

You may think i'm talking rot - i probably am. But 1 year down the road, do revisit this thread. farnie, me and other pessimists might just be right.

this reminds me of the CNA forums. in 2007 all the kateks slammed, pple thinking they are mad. today they laugh to the bank. the problem is that many still think the kateks are mad and wrong. human psychology dey

take my mom for example. keppel corp dropped like rock last week, all her taitai friends buy so she also buy against my advice. now it's even lower - waste money

mengwee
03-12-08, 11:21
I use forum to understand the market.
I was hoping that there will be more discussion here.
I did not say anything about anyone talking rot.
Whoever makes a call, whether to buy or to wait, he or she has her reason.
I am keen to hear/discuss/debate those reasons.

Petmail
03-12-08, 11:38
To be honest, I do agree price may drop further somehow due to many other factors around, like the panic or motivated selling from the owners and or due to the credit tightening measures from the banks for valuation and loans. The current situation is in such a way that banks aqre already taking precationary measures in lowering their valuation for the resale properties as well. I would suppose the confidence and intention to buy is really up to individual buyers. I believe, those who have the intention, interest asw well as budget to buy will still buy while those who wishes to hold will still hold.

Price mays drop for some projects/developers for their previously marketed properties and that is if they do have an allowance for reduction. However if the price from developers is priced in such where its almost cost to cost with minimal profit, how much can they reduce? Buyers who wishes to wait and go in the market when evidences of market improvement are prudent may choose to wait go in by then when they read or sees the news. By then I am sure many projects are still up for grab at pretty good prices but I am sure it will never be at or even close to the price of the the last properties peak. If there is a new hdb to be launch besides newton edge, what do you think will be the kinda price? Do you think it will be fully sold in split second? I personally do feel that it will be at least the region around $550-650k and it will be fully sold in no time. In my entire life, i have never seen private properties prices lower than hdb within the same area and I firmly think it will never happen due to, 1) 99years leasehold, 2) public housing were never mend to be for investment.

Thus I believe by then most people who have chose to wait will still get good deal but will never get anything near to what newton edge is going at... I would also like to know what kinda good deal are we looking at by then. If the properties market in Singapore is really so not stable and strong, would any foreign investors prefers to invest into Singapore still? Can we still get into the scoresheer of the world Top 4 most intented country for investment which eve3n had overtaken hong kong in the region?

I look at the whole situation in a very open mind and thus such personal opinion. I am not pro-government but at this point of time I do understand why in election those area with more private properties are the are who usually supposes the government.. DUe to what the government had done for the country financially and econmically, I really have to say that the government had really did a good job in giving anfd bringing us what we have today in the short frame of 50years from proverty to one of the most competitive and leading country yet still with one of the lowest inflation and living expense.

Just my two humble cents though.

:)
Pet

mengwee
03-12-08, 11:59
I am observing that property prices in US, UK, Australia, NZ has dropped quite a fair bit (>10%?).
In Beijing, Shanghai, price is moderating while in Shenzhen, Guangzhou price has plummeted.
HK property price has also come down.

But I may be just seeing what I want to see.

gfoo
03-12-08, 12:12
architecturally and location wise, newton edge is a great development priced fairly in today's context - but my wife doesn't like it as its surrounding is dismal, and access roads clogged up. it's like a lone daisy in a field of weeds.

i completely agree about the HDB prices bit - it will get immediately snapped up in a jiffy. but come early 2009, this might be a different scenario. why don't HDB prices fluctuate as much - coz people buy them to stay. almost half of private property sales since 05 are investment-related so when they smell smoke, they can dump fast.

let's take the icon for example. launch price was $450psf in 03. Today it's 1200. that's a 200% ROE. or 40% annualized using simple calc). so going by this, we are still far far away from a correction. i expect another 40% correction in 2009. Citibank private banking report out last week predicts 30% correction in 09. i think they are optimistic.

in hk, barca, london, prices have already halved 2007 highs as much as they previously doubled to 2007 highs. it will be the same for sgp

gfoo
03-12-08, 12:15
I look at the whole situation in a very open mind and thus such personal opinion. I am not pro-government but at this point of time I do understand why in election those area with more private properties are the are who usually supposes the government.. DUe to what the government had done for the country financially and econmically, I really have to say that the government had really did a good job in giving anfd bringing us what we have today in the short frame of 50years from proverty to one of the most competitive and leading country yet still with one of the lowest inflation and living expense.

Pet

Of course high net worth individuals support the PAP lah. they are pro-business mah. i disagree on inflation and living expenses. i don't need to say anything here, just google for other's views.

Acer
16-04-09, 11:44
Does anyone know what is the current pricing for this project?



Thks

nusnam
23-04-09, 18:28
Heard from an agent that they are going to relaunch it this saturday at approx 1500psf.. still sama sama..

home-run
23-04-09, 22:37
Yes this will be the next hottest property wave to hit town !!
Pricing starts from 1500-1650psf.
Priced to sell given that early transactions are at double the current asking.
Appreciation potential : Definitely Very high
Defered Payment : Yes ( pay 4% more from selling price)
Interest Absorption : Yes

For more details, pls contact me @ 81835132 or visit my website @ www.lusholmz.com (http://www.lusholmz.com) for more info :spliff:

gfoo
24-04-09, 12:20
i thought it was once $1250 that novelty was secretly selling until it got found out by the papers?

anyways i do love the location and was considering the two bedroom last year UNTIL i found out that the size of baywindow/planter/balcony was already 1/4 of the livable space!

Unless you're telling me that its $1500psf livable space only. :cheers1:

Acer
24-04-09, 12:59
i thought it was once $1250 that novelty was secretly selling until it got found out by the papers?

anyways i do love the location and was considering the two bedroom last year UNTIL i found out that the size of baywindow/planter/balcony was already 1/4 of the livable space!

Unless you're telling me that its $1500psf livable space only. :cheers1:


if 1250, that will be a good buy lor

1500 is rather x

Sinclone
24-04-09, 17:03
Hi all,

Luma private preview has been set on 25 April 2009 Saturday from 10 am to 7pm. If you are keen to look at this excellent investment development with very quality finishes and fittings, please call me at 97999757

The Showflat is not at the actual location please give me a call at 97999757 before coming so that i can guide you to the showflat which is nearby.

This development has very good potential. Price starting from 1500psf up with Interest absorption or deferred payment scheme.

For more info of this development, please see here (http://assetomgt.com/realty/property/projects/Luma)

See you all and have a wonderful weekend ahead. Cheers

Regards
Jerry Lim

Property_Owner
24-04-09, 20:48
Those people that bought it on 25th will find their 20% down payment is gone forever. Sigh...that's property. So win, so lose!

home-run
25-04-09, 01:47
if 1250, that will be a good buy lor

1500 is rather x

if 1500 is ex , den i wonder how those who bought at 2800-3300psf must be feeling now ~~

maybe come down n buy some more n cheong for the next property wave den sub-sale n exit on a high?

this actually happened @ lincoln residences where a owner who bought @ 1600-1700psf @ the peak den came back to showflat complain complain complain...in the end ended buying another unit @ a much cheaper price...:scared-1:

cartman
25-04-09, 04:59
if 1500 is ex , den i wonder how those who bought at 2800-3300psf must be feeling now ~~

maybe come down n buy some more n cheong for the next property wave den sub-sale n exit on a high?

this actually happened @ lincoln residences where a owner who bought @ 1600-1700psf @ the peak den came back to showflat complain complain complain...in the end ended buying another unit @ a much cheaper price...:scared-1:
wah, like that also can :D

hmmm....wonder if it works with cars too :p

kal
25-04-09, 09:04
Price is ok, but the layout is walau.. Tats the problem of NOvelty group project. Unless u r gardener, then u will like the plant pot of flowers all over the super big planters/bay windows all over...:tongue3:

ahlipp
26-04-09, 22:24
those above $2000Kpsf will be gone for a while i'm sure...

RV area not worth that much in present circumstances...too many choices and competition in that area to warrant that kind of pricing at $1500psf, further more, rental return is way too low these days to support that price level... of coz tht project is not readuy now.. but still..

Acer
27-04-09, 08:41
if 1500 is ex , den i wonder how those who bought at 2800-3300psf must be feeling now ~~

maybe come down n buy some more n cheong for the next property wave den sub-sale n exit on a high?

this actually happened @ lincoln residences where a owner who bought @ 1600-1700psf @ the peak den came back to showflat complain complain complain...in the end ended buying another unit @ a much cheaper price...:scared-1:


that's too bad lor
buying property is dependent on individual
What I feel may not be wat peopl feel
mayb at that time when ppl bought a unit , they felt that was the right time to buy

to me I feel 1500 at this time is the rite price.
I wont buiy cos I personally feel is on high side and it may go down unless it is fully sold
based on all property sentiment, I sure those property expert will agree with me

xtink
28-04-09, 23:21
is Luma ard same area as Wharf?

If yes, this project really can go f- spider liao... at 1600psf....how to fight? maybe buy 2 get 1 free got chance...

Acer
06-05-09, 11:12
does anyone has any latest updates?

cysnotts
16-06-09, 21:50
Heard all one bedroom sold out. Smaller 2 bedrms left a few. Understand future Kim Seng MRT going to be at the site opposite Luma, beside Cosmo condo. May be a gd buy now for future capital appreciation. Going down this wkend to see see.

bargain hunter
16-06-09, 22:40
they provided the option to convert one bedroom to a tiny 2 bedder (converting part of living room into a small bedroom) :doh: that's why sales were good for the "1 bedder". I think both the $ quantum and the psf are too huge. the showflat is located on leonie hill road but the actually location is river valley grove road so don't be conned. Just because 3300psf drop to 2700psf drop to 1600psf doesn't mean its cheap imho.




Heard all one bedroom sold out. Smaller 2 bedrms left a few. Understand future Kim Seng MRT going to be at the site opposite Luma, beside Cosmo condo. May be a gd buy now for future capital appreciation. Going down this wkend to see see.

DKSG
16-06-09, 22:48
I agree with bargain hunter's observation ...

But I think, a few weeks back, $1,600 may seem damn ex for this location...

But now a few weeks later, I would deem it as slightly overpriced ...

A reasonable sell out price would be in the range of $1,450-$1,550 ...

YFG

cysnotts
17-06-09, 13:26
thks for the advise. True , few months ago, $1600psf may be ex. But now, looking at how One devonshire asking price, $1600psf become reasonable:banghead: , that's life.

But the attractive things on Luma is that the quality of the finishing and equipment given is GREAT. Heard got plates and cup washer as well :eek:

I am more interested in the development on the MRT opposite Luma along Kim Seng rd which might push up the nearby condo price once announce by LTA.

Will update once back fr showrm.:spliff:

proud owner
28-01-10, 10:39
any idea how much is Luma going for now ?

saw the sign outside the construction site ..says TOP march 2010

is that right ?

HP65
28-01-10, 17:02
any idea how much is Luma going for now ?

saw the sign outside the construction site ..says TOP march 2010

is that right ?

PO, u back for cny hols or for good? Anyway, welcome back!

cheerful
28-01-10, 17:34
PO, u back for cny hols or for good? Anyway, welcome back!
Think could be back for CNY bah ... if short stay, then so 'on' hor, still checking out properties ... anyway, welc back ;)

proud owner
29-01-10, 11:52
Think could be back for CNY bah ... if short stay, then so 'on' hor, still checking out properties ... anyway, welc back ;)


hi hi friends

no i am still not back in spore ... but soon .. lunar new year mah .. sure must come home for reunion dinner

my 'advance party' and 'recce team' managed to take a picture of the sign board and mms me lah ..

wll be back by next weekend ... and .. if you see someone viewing properties in the middle of the night .. outside your condo..that could be me ..ahaha jet lag mah.. might as well do soemthing useful right ??

cheerful
31-01-10, 10:13
hi hi friends

no i am still not back in spore ... but soon .. lunar new year mah .. sure must come home for reunion dinner

my 'advance party' and 'recce team' managed to take a picture of the sign board and mms me lah ..

wll be back by next weekend ... and .. if you see someone viewing properties in the middle of the night .. outside your condo..that could be me ..ahaha jet lag mah.. might as well do soemthing useful right ??

Oh oh .. then i betta alert the guide to beware of lurking strangers outside :D :D :D

proud owner
31-01-10, 12:51
Oh oh .. then i betta alert the guide to beware of lurking strangers outside :D :D :D


relac bro

my friends said spore changed alot ... and that i may not recognise already ... so if i cant sleep then drive around and admire new condos lor

Regulators
31-01-10, 16:18
when will you be returning to singapore for good?


relac bro

my friends said spore changed alot ... and that i may not recognise already ... so if i cant sleep then drive around and admire new condos lor

proud owner
01-02-10, 00:02
when will you be returning to singapore for good?

hhhmmm earliest 2012 otherwise 2015

zhiming1
07-02-10, 22:35
heard that this project is fully sold

Reporter
07-02-10, 22:56
heard that this project is fully sold
You mean they sold the remaining 12 units in January 2010?



Private Residential Units Sold in the Month of July 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Luma ............. CCR ....... 51 ....................... 4 ........................... 1,820 .......... 1,757 ........... 1,704

Private Residential Units Sold in the Month of December 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Luma ............. CCR ....... 63 ....................... 1 ........................... 1,722 ........... 1,722 ........... 1,722

cysnotts
18-02-10, 21:26
Yup Fully SOLD!