View Full Version : Echelon (D3, 99 years, CDL)
When one chooses a condo to buy either to stay or invest, each of us have different measurement scale of preference.
If you ask me, I will not buy Echelon, becos of its small plot size vs its built-up, small swimming pool and many condo coming up within next few months in the area.
But then, yet, there are many buying into it. Reason? Location and proximity to MRT and city. Prices wise, it is high. Location is good.
So, just like choosing a gf to marry. One thinks she is not a wife-type. Others see her as worthy companion. While another may see her as good for looks, nothing else. But still the person who marry her will know her worth, in a long run. The full potential can only be seen years down the road. Right?
Those who buy into echelon, does their calculation already. They know what they going into. They maybe be the one laughing to the bank upto TOP!!.
GoodLife.
Profit margin at 40% for CDL
according to OCBC research.
Land cost $754, breakeven at $1.2k.
Ave selling price $1.7k:cool:
No wonder property stocks having a good time.
Tsunami has come and gone. Maybe buyers' remorse.
It's more like a flash flood. 200-300 pax throng the showroom but actually only damage of 10-20 pax after launch day.
Echelon is not even CCR ... may be top floors are :p
We may have a new system
LCCR, MCCR, UCCR
LRCR, MRCR, URCR
LOCR, MOCR, UOCR
L=lower
M=mid
U=upper
* in terms of height/level
lol ... 970k for 1br ... La Fiesta only 5xxk ... which one would u buy :p
buy next door Luxurie. :p
Top floors Echelon = CCCR (see CCR) :scared-1:
Kenshinto80
04-01-13, 04:40
When one chooses a condo to buy either to stay or invest, each of us have different measurement scale of preference.
If you ask me, I will not buy Echelon, becos of its small plot size vs its built-up, small swimming pool and many condo coming up within next few months in the area.
But then, yet, there are many buying into it. Reason? Location and proximity to MRT and city. Prices wise, it is high. Location is good.
So, just like choosing a gf to marry. One thinks she is not a wife-type. Others see her as worthy companion. While another may see her as good for looks, nothing else. But still the person who marry her will know her worth, in a long run. The full potential can only be seen years down the road. Right?
Those who buy into echelon, does their calculation already. They know what they going into. They maybe be the one laughing to the bank upto TOP!!.
GoodLife.
Hi Mate, I find your analogy of using women and "their full potential down the road" sexist and very MCP. How does Woman and condo equate? This reminds me of a milk advertisement whereby the advertiser says that they got more cows than the population of Singapore.
Any updates on the no. of units sold & has psf increase over day 1?
wats the latest? sold out already?
Home (http://www.propertyguru.com.sg/) » Market News (http://www.propertyguru.com.sg/market-news) » Latest (http://www.propertyguru.com.sg/property-management-news) » January 2013 (http://www.propertyguru.com.sg/property-management-news/2013/1) » Echelon now more than 75% sold
Echelon now more than 75% sold (http://www.propertyguru.com.sg/property-management-news/2013/1/34973/echelon-now-more-than-75-sold)
Jan 8, 2013 - PropertyGuru.com.sg
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http://www.propertyguru.com.sg/images/thumb/8/0/d/d/80dd0831062449_1_V235.jpg By Romesh Navaratnarajah (https://plus.google.com/100211889324198007685/about?hl=en):
Over 75 percent or 390 units at the 508-unit Echelon condominium have been sold as of Saturday, indicating a strong start for the property market in 2013.
It was earlier reported that 200 units were sold when the project was previewed on 28 December and this strong momentum continued up to the official launch in the first weekend of the year.
Developed in a joint venture led by City Developments Limited (CDL), the condo comprises two 43-storey towers with apartments ranging from one- to four-bedroom units and loft units.
In a statement, CDL said that 80 percent of buyers are Singaporeans while the rest are permanent residents (PRs) and foreigners “mainly from Malaysia, Indonesia, China, Australia, India, USA and Hong Kong”.
Keen interest for the project was mainly credited to its premium location at the fringe of the city.
Units were initially priced at an early bird average of S$1,700 psf, subsequently rising two to four percent.
“Echelon’s impressive showing reinforces the development’s attractiveness in terms of its location, value, architectural excellence, quality and potential appreciation. The overwhelming response is an endorsement by buyers that Echelon is a distinctive project with all the right ingredients that commands its demand and premium,” said Chia Ngiang Hong, Group General Manager, CDL.
Image: Artist's impression of the spacious loft units being offered at Echelon.
Akang Datang... more to come... all projects launched in D3 in the near future will sell like hotcakes. It's now D3's turn to huat! :p
Akang Datang... more to come... all projects launched in D3 in the near future will sell like hotcakes. It's now D3's turn to huat! :p
I do agree that CDL did a great job in the layout for the 2 bedder units. Given the not so big nor small 732sqf area, it can comfortably put 1 queen bed and 1 single bed in both bedrooms and yet still have space for a squarish hall and no frill side open concept kitchen.
Well done!
I think the sales will slow down as those unsold are big units or haven't launched.
When would singland & wing tai launch new condo? By then Echelon could cross $2000 psf for most units.
hanafi_d2000
08-01-13, 22:32
I think the sales will slow down as those unsold are big units or haven't launched.
When would singland & wing tai launch new condo? By then Echelon could cross $2000 psf for most units.
So this development will escape any new ruling on PES?
capitaland is rubbing their hands with glee. there is some hope for their d'leedon afterall.
402 units sold as of today
bakasa2002
10-01-13, 23:04
capitaland is rubbing their hands with glee. there is some hope for their d'leedon afterall.
But not sky habitat ...:doh:
402 units sold as of today
Thanks for the update. Do you have any further breakdown by bed type?
What would b the impact to Echelon with new cooling measure? Lots of units to be returned to CDL? More ppl rush down to show flat to sign OTP?
What would b the impact to Echelon with new cooling measure? Lots of units to be returned to CDL? More ppl rush down to show flat to sign OTP?
Why should they return? Esp if have gotten loan approval.
for new launches, sign OTP by tonight, will still be under old loan rules
Why should they return? Esp if have gotten loan approval.
Mkt might go for major correction as not many ppl will buy 2nd property. Ppl could get cheaper price for those return units fr CDL as no taker.
jacelynchia
11-01-13, 21:53
Mkt might go for major correction as not many ppl will buy 2nd property. Ppl could get cheaper price for those return units fr CDL as no taker.
No matter how the market moves, It is insane to price cheaper....
Then what is the purpose of preview day discounts and it is not fair.
By any means, This practice is not acceptable and I don't think developer will do that.
Anyone think that got ppl backup in Echelon after this CM? Or more ppl sign OTP tonight?
UltimateAro888
11-01-13, 22:06
No matter how the market moves, It is insane to price cheaper....
Then what is the purpose of preview day discounts and it is not fair.
By any means, This practice is not acceptable and I don't think developer will do that.
BR residence launch VVIP at 20%. Shortly after, for a limited period they give additional 2%.. The developer say nothing to do with them, it is from their marketing agency fees..
Mkt might go for major correction as not many ppl will buy 2nd property. Ppl could get cheaper price for those return units fr CDL as no taker.
I agree that after CM the pool of buyers are smaller now. If drop 10% from current price, additional 7% stamp duty for Singaporeans and 5% more stamp duty for PR and foreigners are nothing. Those cash rich will still buy after 10% price correction. Is 10% major correction?
jacelynchia
11-01-13, 22:15
BR residence launch VVIP at 20%. Shortly after, for a limited period they give additional 2%.. The developer say nothing to do with them, it is from their marketing agency fees..
Never seen BR but this practice Not acceptable to me but 2% is still okay given if leftover units are affected eg noise or no views
but if not the case then I will be very angry, why specially go down and ballot and be promised with the best price when latecomers got the real deal?
Never seen BR but this practice Not acceptable to me but 2% is still okay given if leftover units are affected eg noise or no views
but if not the case then I will be very angry, why specially go down and ballot and be promised with the best price when latecomers got the real deal?
This is an open mkt, cannot assume price will go upwards forever. Who says buy later must be more expensive? If no taker for a while & developer can't hold, price has to drop to attract customers.
jacelynchia
11-01-13, 22:26
This is an open mkt, cannot assume price will go upwards forever. Who says buy later must be more expensive? If no taker for a while & developer can't hold, price has to drop to attract customers.
Agreed to a certain extend, but makes no sense to go preview then.
2% is fine, good units probably taken up.
If the discount is a lot more than preview then isn't it spoiling the market in some way and unfair?
FEO always holds up their prices, buyers feel safe when buying.
Heard one new launch tonight just to get some buyers before CM kicks in rmr, any idea which one? Sounds like tsunami coming, developer running for their life.
Heard one new launch tonight just to get some buyers before CM kicks in rmr, any idea which one? Sounds like tsunami coming, developer running for their life.
La Fiesta in Sengkang.
any last min rush at echelon?
Guess how many buyer will not exercise S&P? Will CDL drop the selling price?
phantom_opera
13-01-13, 20:13
very few will backout ... you can checkin anytime you want, but you can nver leave :scared-3:
very few will backout ... you can checkin anytime you want, but you can nver leave :scared-3:
Heard one case liao, but before CM.
phantom_opera
13-01-13, 21:16
爷爷娶奶奶只用了半斗米；爸爸娶妈妈只用了半头猪；我结婚却要用爹娘半条命！
Will be surprised if many pull out bec of CM.
Unlike the ABSD 1 year ago, this new CM introduces a hefty CM 7% increase and those who have signed OTP would likely think they must be very very lucky and psychologically its 7% saving right on, and not forgetting the LTV reduction. So theoretically, as long as prices do not fall beyond 7-10%, its still sensible to stick on.
However, if there is a major correction, then these"lucky" ones may count themselves "unlucky" retrospectively, but nobody can predict accurately whats going to happen in the next few years, whether the massive oversupply, interest rates increase will affect prices to what extent.
Now the buyer has to bet whether the price in 2016 will not go down by 7 to 10%, then, holding on will be a gd bet, any increase in price is a bonus. There r still singland & wing tai to push up the price or they will cut throat causing this area to drop price. 1800 to 2000 psf can hold for 4 yrs?
爷爷娶奶奶只用了半斗米；爸爸娶妈妈只用了半头猪；我结婚却要用爹娘半条命！
Like. Well said.
儿子娶媳妇要了我的命！
Echelon highest pfs achieved 2382pfs. Beats Sky Habitat by a mile.
Echelon highest pfs achieved 2382pfs. Beats Sky Habitat by a mile.
So is it echelon astronomical and sky habitat ex or is it echelon ex and sky habitat is cheap.
Is it the finishing or the location that separate the two?
Finishing cannot cost that much more for an apartment.
Echelon highest pfs achieved 2382pfs. Beats Sky Habitat by a mile.
Wondering will the buyer earn a profit when he or she sell, crazy price!
Is it the finishing or the location that separate the two?
In my opinion, both played apart. In addition, the recent land sale price to the later projects gave CDL the opportunity to push up prices as they wish, to test the market.
And apparently, they succeeded. more than 70% sold within 2 weeks. Lucky counter and good timing.
In my opinion, both played apart. In addition, the recent land sale price to the later projects gave CDL the opportunity to push up prices as they wish, to test the market.
And apparently, they succeeded. more than 70% sold within 2 weeks. Lucky counter and good timing.
Yes, Luck and Timing and Location.
Gave everyone the very atas feeling to belong to the highest Echelon.
May have triggered CM7.
Finishing cannot cost that much more for an apartment.
its is not the cost of goods but quality, image and feels of luxury that make people want to pay more. Same goes to luxury goods, you dont ask what is the cost, you check the quality and gauge how it makes you feel.
its is not the cost of goods but quality, image and feels of luxury that make people want to pay more. Same goes to luxury goods, you dont ask what is the cost, you check the quality and gauge how it makes you feel.
That is true.
Bishan after all is HDB town. This one can claim to be tanglin fringe. Look at the advert, what kind of image it s portraiting.
It's all the same : Asians tend to like "face".
its is not the cost of goods but quality, image and feels of luxury that make people want to pay more. Same goes to luxury goods, you dont ask what is the cost, you check the quality and gauge how it makes you feel.
yes, that's why most 2nd hand luxury goods end up being sold at a loss, with the exception of Rolex and maybe a few others. It made them feel very good at the point of purchase. then when resell that time...
The so called expert expect mkt to correct 10 to 20%, how will Echelon price to drop? Who will sell? May as well don't exercise the option.
Wild Falcon
21-01-13, 08:56
Even Rolex also sold at a loss - just how much loss.
Don't think d'Leedon can be considered luxury though with its poor fittings, normal size, 99LH, beside HDB flats and high density etc.
I think those that bought immediately after the first round of discounts must be peeved. This 15% second round discount is obviously way better for the 3-bedder.
yes, that's why most 2nd hand luxury goods end up being sold at a loss, with the exception of Rolex and maybe a few others. It made them feel very good at the point of purchase. then when resell that time...
Even Rolex also sold at a loss - just how much loss.
Don't think d'Leedon can be considered luxury though with its poor fittings, normal size, 99LH, beside HDB flats and high density etc.
I think those that bought immediately after the first round of discounts must be peeved. This 15% second round discount is obviously way better for the 3-bedder.
how many years left before the balance unsold will be taxed? capitaland is now holding many unsold units. fear is creeping in.
ECHELON 9 Alexandra View #27-13 1 42 Strata 932,400 22200 2062 10-JAN-2013 Condominium 99 Yrs From 06/03/2012 Uncompleted New Sale Private 03 15 158742 Central Region Bukit Merah
ECHELON 9 Alexandra View #27-13 1 42 Strata 932,400 22200 2062 10-JAN-2013 Condominium 99 Yrs From 06/03/2012 Uncompleted New Sale Private 03 15 158742 Central Region Bukit Merah
Good Luck:doh:
ECHELON 9 Alexandra View #27-13 1 42 Strata 932,400 22200 2062 10-JAN-2013 Condominium 99 Yrs From 06/03/2012 Uncompleted New Sale Private 03 15 158742 Central Region Bukit Merah
Posted earlier that Echelon highest pfs achieved is 2382pfs.
bargain hunter
23-01-13, 00:42
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_012B0D5BFFA0072448257AFB002F5B34/$file/22012013_Echelon.pdf?openelement
sold to kwek eik sheng: #03-10 $1,325,520 and #28-05 $2,504,887
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_012B0D5BFFA0072448257AFB002F5B34/$file/22012013_Echelon.pdf?openelement
sold to kwek eik sheng: #03-10 $1,325,520 and #28-05 $2,504,887
Hi, may i know the prices sold is after or before discount?
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_012B0D5BFFA0072448257AFB002F5B34/$file/22012013_Echelon.pdf?openelement
sold to kwek eik sheng: #03-10 $1,325,520 and #28-05 $2,504,887
No choice, need own people to support prices and give confidence as prices are set too high...
Skyville @ Dawson and SkyTerrace @ Dawson are iconic HDB developments in park-like environments. HDB will complete these two developments by 2015, with more to come in the following years.
Greenery will be brought to the doorsteps of residents through mid-level sky gardens and roof-top gardens. This is part of HDB’s landscape master plan to promote connectivity and environmental sustainability by linking housing areas via the Alexandra Canal Linear Park and a future Eco-Corridor.
Multi-generation living is facilitated to encourage extended family living and foster closer family ties. In addition, the rich heritage of Dawson will be accentuated through the preservation of older buildings such as the popular food centre along Commonwealth Avenue.
http://www.mnd.gov.sg/landuseplan/theme/default/image/ctn_more_homes_in_existing_estates_2.pngCascading terrace gardens at SkyTerrace@ Dawson
http://www.mnd.gov.sg/landuseplan/theme/default/image/ctn_more_homes_in_existing_estates_3.pngSky Garden at Skyville@Dawson
phantom_opera
05-02-13, 22:03
highest psf so far
$2,308 PSF IN JAN 2013 FOR A 452-SQFT UNIT
bargain hunter
06-02-13, 09:48
maybe the buyer of this should have let the option lapse:
$2,014,659 1001 sq ft 2013psf Jan-13
surely, a 14xx sq ft 3 bedder at the same quantum and 12xxpsf is a better deal? :)
Dleedon or interlace would be a better choice.
bargain hunter
06-02-13, 10:50
yah, i meant for d'leedon but forgot to write it down. hahaha. :ashamed1:
Dleedon or interlace would be a better choice.
phantom_opera
15-03-13, 14:22
top echelon?? :scared-5:
2013-02-28 ECHELON 7 ALEXANDRA VIEW #XX-XX 3 99 YRS FROM 2012 4,080 $6,900,000 1,691
thomastansb
15-03-13, 17:02
If this buyer is thinking of renting the unit out, how much will this unit fetch? Metropolitan 2 bedroom is going about 4 - 4.5k.
This unit (and also many other similar studios) monthly installment will be around 3k to 3.5k depending on interest rate. Add maintenance and property tax, will be 3.5 to 4k easily.
ECHELON ALEXANDRA VIEW Condominium 1 1,106,556 452 Strata 2,448 Jan-13
If this buyer is thinking of renting the unit out, how much will this unit fetch? Metropolitan 2 bedroom is going about 4 - 4.5k.
This unit (and also many other similar studios) monthly installment will be around 3k to 3.5k depending on interest rate. Add maintenance and property tax, will be 3.5 to 4k easily.
That means you can rent it out and let others (i.e. tenants) build your asset for you easily...
not to mention that the vacant land next to MRT and in front of Echelon and Asky will be up for tender soon...
Wierd looking shape....and so close to the MRT! wonder why they dont designate it to be a shopping plaza instead (like Tiong Bahru). would be nicer ,no
2013-06-05
452sqft
2,474psf
$1,118,600
HDB buyer.
2013-06-05
452sqft
2,474psf
$1,118,600
HDB buyer.
Beat the last 2 psf transactions of the Clift! With similar size too.
THE CLIFT MCCALLUM STREET Apartment 1 1,200,000 495 Strata 2,424 Jun-13
THE CLIFT MCCALLUM STREET Apartment 1 1,180,000 495 Strata 2,383 May-13
how is the sales for this project? sold out already?
Beat the last 2 psf transactions of the Clift! With similar size too.
THE CLIFT MCCALLUM STREET Apartment 1 1,200,000 495 Strata 2,424 Jun-13
THE CLIFT MCCALLUM STREET Apartment 1 1,180,000 495 Strata 2,383 May-13
The rental competition will be very strong here.
I would rather get one more unit of Clift with immediate rental.
The rental competition will be very strong here.
I would rather get one more unit of Clift with immediate rental.
People buying Echelon are looking at both rental yield as well as capital appreciation potential due to higher GLS land prices.
In terms of rental yield, I think Echelon will lose to many surburb PCs.
with $2400 psf, is there still potential apprenciation, say, in 5 to 10 years? how about we take Icon as benchmark?
Coral is moer reasonable.
In terms of rental yield, I think Echelon will lose to many surburb PCs.
with $2400 psf, is there still potential apprenciation, say, in 5 to 10 years? how about we take Icon as benchmark?
Coral is moer reasonable.
$2400psf will probably be a unit that is very high floor with a good view. Considering what Singland had paid for the other site, as well as potential higher land price, this project should appreciate by another 10 to 15% when it TOP.
For such projects, new and trendy is always better than old. Better to buy at launch, sell at TOP, instead of holding on to something that is already past 10 years old.
5 units of 4-br and 3 penthouses left.
5 units of 4-br and 3 penthouses left.
JGateway makes echelon looks cheap?
JGateway makes echelon looks cheap?
JGatway highest psf1700+, Echelon highest psf 2400+, difference 700psf, or say echolon is 40% more expensive than JGateway. Isn't the difference big enough?
Jgateway made everything looks cheap, including GCBs :banghead: :banghead: :banghead:
Jgateway made everything looks cheap, including GCBs :banghead: :banghead: :banghead:
There are 2 ways to look at it actually. You can either believe what you just said, or you could believe that JLD has become a attractive place for investors.
Personally I choose the latter.
well, you are right. and i am right too.
JLD has become a catalytic play.
Same as the Iskandar area where condo prices have exceeded even some part of KL.
Compare the these with the big picture in Asia? We are still below that of HK in terms of prime..so i'd say -> Singapore prime still has a long way to go towards that of 5000 Sgd psf (current HK prime prices)
:banghead: :banghead: :banghead:
Thanks to all for the support.
Echelon typical units are FULLY SOLD! :cheers5:
Only last 3 penthouses (triplex with private pools) remaining.
Thanks to all for the support.
Echelon typical units are FULLY SOLD! :cheers5:
Only last 3 penthouses (triplex with private pools) remaining.
Omgggg another thank q for ur support red font big big.. so scary. Must be jgatewayiers effect
Thanks to all for the support.
Echelon typical units are FULLY SOLD! :cheers5:
Only last 3 penthouses (triplex with private pools) remaining.
Congrats:)
What was the highest pfs? must have set the record for the area, and forming the base for the newer launches there. All the lucky buyers must be happy.
Congrats:)
What was the highest pfs? must have set the record for the area, and forming the base for the newer launches there. All the lucky buyers must be happy.
With the impending reduction in GLS, it is likely that the developers experience slower sales and foresee lesser supplies/competitions, therefore there is a good chance that those with land continue to raise the prices since buyers tend to go for new houses.
Congrats:)
What was the highest pfs? must have set the record for the area, and forming the base for the newer launches there. All the lucky buyers must be happy.
record PSF should be 2474psf for a 1 bedder 452sqft
Looking forward to move in...TOP (3 years).:cheers1: The north view should be spectacular:banana:
http://www.bluta.com.sg/blog/2013/01/how-to-avoid-property-blunders-part-3/
Echelon, the last condo launch the day before the last CM has TOP 2 weeks ago.
Echelon @ Alexandra View D3 - https://www.facebook.com/groups/1706525386234448/
Hi, for those whom had collected your keys to your home recently, feel free to download a copy of the defect inspection checklist here to guide you along.
http://ngidstudio.com/defect-inspection/defect-inspection-checklist/
Hows the rental demand so far?
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