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View Full Version : Kepland bids 1163psf ppr for kim tian plot



bargain hunter
18-04-13, 18:11
all our guesses of < 1000psf were wrong. hahahahahaha.

dtrax
18-04-13, 22:34
all our guesses of < 1000psf were wrong. hahahahahaha.

Of cse rah.. echelon sell 1.8k psf. Kim tian residence sell 1.6k psf laughing stock?

kane
18-04-13, 22:44
was there a thread to guess the price for this plot. Was I the lowest bidder. haha.

CM8 draws even nearer...... :hell-hath-no-fury:

bargain hunter
18-04-13, 22:56
its alright bro, this one really stuns all of us:

http://forums.condosingapore.com/showpost.php?p=376000&postcount=30

Kane 750psf
Lovelle 790psf
Pro888 828psf
Bargain Hunter & Rosy 850psf
Jeaprp 866psf
Phantom 868 or 900psf
Khng8 888psf
Amk & CCR 900psf
DKSG >920psf
CondoWe 930 to 980psf
Mcm 988psf

even MM King, the top bidder is lower than the top 5 developer bidders and the top bidder bid 17.7% above him. :scared-1:




was there a thread to guess the price for this plot. Was I the lowest bidder. haha.

CM8 draws even nearer...... :hell-hath-no-fury:

Khng8
18-04-13, 23:06
I will have to take a bow to Mr Market.
Sadly I will have to retreat as current place is way out of reach.
Guess it will be MM to Tiong Bahru area.
There's no small format condo around so a "Urban Vista" is a real possibility.

sunboy77
18-04-13, 23:29
Land bids so high. How to correct prices??
Units getting smaller and smaller to keep quantum affordable liao...

kane
18-04-13, 23:32
its alright bro, this one really stuns all of us:

http://forums.condosingapore.com/showpost.php?p=376000&postcount=30

Kane 750psf
Lovelle 790psf
Pro888 828psf
Bargain Hunter & Rosy 850psf
Jeaprp 866psf
Phantom 868 or 900psf
Khng8 888psf
Amk & CCR 900psf
DKSG >920psf
CondoWe 930 to 980psf
Mcm 988psf

even MM King, the top bidder is lower than the top 5 developer bidders and the top bidder bid 17.7% above him. :scared-1:

lol, my 750psf bid is a joke. if i was a developer, i will be eating west-north wind everyday.

hyenergix
18-04-13, 23:33
Prices of properties near MRT will continue to rise. COE price is a wild card tt many people r afraid of.

dtrax
18-04-13, 23:40
its alright bro, this one really stuns all of us:

http://forums.condosingapore.com/showpost.php?p=376000&postcount=30

Kane 750psf
Lovelle 790psf
Pro888 828psf
Bargain Hunter & Rosy 850psf
Jeaprp 866psf
Phantom 868 or 900psf
Khng8 888psf
Amk & CCR 900psf
DKSG >920psf
CondoWe 930 to 980psf
Mcm 988psf

even MM King, the top bidder is lower than the top 5 developer bidders and the top bidder bid 17.7% above him. :scared-1:

only pro dksg office boi is correct?

dtrax
18-04-13, 23:42
Land bids so high. How to correct prices??
Units getting smaller and smaller to keep quantum affordable liao...

"When awarded the site by the Urban Redevelopment Authority (URA), Keppel Land plans to develop about 500 homes, ranging between 500 sf and 1,350 sf in one- to four-bedroom configurations."

dtrax
18-04-13, 23:43
min no 900k no talk for 1rm?

bargain hunter
18-04-13, 23:51
actually may only be at a slight premium to echelon prices hor?


"When awarded the site by the Urban Redevelopment Authority (URA), Keppel Land plans to develop about 500 homes, ranging between 500 sf and 1,350 sf in one- to four-bedroom configurations."

dtrax
18-04-13, 23:56
Should be same or slight premium. 2k psf shld be the pyschological barrier imo.

bargain hunter
19-04-13, 00:06
the high floors facing MBS will have super unblocked view, sure to shoot past 2kpsf for those units.


Should be same or slight premium. 2k psf shld be the pyschological barrier imo.

dtrax
19-04-13, 00:11
the high floors facing MBS will have super unblocked view, sure to shoot past 2kpsf for those units.

I SCREAM PSFFFF

proud owner
19-04-13, 00:11
the high floors facing MBS will have super unblocked view, sure to shoot past 2kpsf for those units.


a friend of mine staying at Regency @ Tiong Bahru ... 26th floor corner unit

unblock view of MBS and RWS ...

super strong wind ...

as for the Kepland plot ...

unless high enough the south side wud be blocked by HDBs ...

bargain hunter
19-04-13, 00:16
north side also they are building hdbs and have existing hdbs. its the east facing that will be valuable. takeover regency suites' view.


a friend of mine staying at Regency @ Tiong Bahru ... 26th floor corner unit

unblock view of MBS and RWS ...

super strong wind ...

as for the Kepland plot ...

unless high enough the south side wud be blocked by HDBs ...

sunboy77
19-04-13, 00:28
actually may only be at a slight premium to echelon prices hor?
$1163 psf ppr (Kepland) vs $754 psf ppr (Echelon). How can be slight premium? Land cost is already 54% more ex...

bargain hunter
19-04-13, 00:37
bro, ur mailbox is full.


a friend of mine staying at Regency @ Tiong Bahru ... 26th floor corner unit

unblock view of MBS and RWS ...

super strong wind ...

as for the Kepland plot ...

unless high enough the south side wud be blocked by HDBs ...

bargain hunter
19-04-13, 00:41
they can earn lesser mah. now so competitive...

the higher floors they can sell super premium while lower floors prob more sane pricing.


$1163 psf ppr (Kepland) vs $754 psf ppr (Echelon). How can be slight premium? Land cost is already 54% more ex...

mcmlxxvi
19-04-13, 08:57
its alright bro, this one really stuns all of us:

http://forums.condosingapore.com/showpost.php?p=376000&postcount=30

Kane 750psf
Lovelle 790psf
Pro888 828psf
Bargain Hunter & Rosy 850psf
Jeaprp 866psf
Phantom 868 or 900psf
Khng8 888psf
Amk & CCR 900psf
DKSG >920psf
CondoWe 930 to 980psf
Mcm 988psf

even MM King, the top bidder is lower than the top 5 developer bidders and the top bidder bid 17.7% above him. :scared-1:

And i thought i was bullish!!!

Laguna
19-04-13, 09:15
Finally, they wake up
More CM, price higher
So they're now experimenting no CM

kane
19-04-13, 09:18
I think need more resale units available to calm the market.

mcmlxxvi
19-04-13, 09:18
Finally, they wake up
More CM, price higher
So they're now experimenting no CM

Yessss.... evidence is the upcoming joint multi GLS.

More competiton = higher prices (where prized assets are concerned)

They are applying 'hawker centre economics' to real estate. Oh boy.

They never learn do they.

kane
19-04-13, 09:23
Yessss.... evidence is the upcoming joint multi GLS.

More competiton = higher prices (where prized assets are concerned)

They are applying 'hawker centre economics' to real estate. Oh boy.

They never learn do they.

I am of the opinioned that have simultaneous GLS will lower the price of the winning bid. But whether the developer will pass this cost savings to the buyer is another matter altogether.

bargain hunter
19-04-13, 09:24
they only experimenting with EC lands i hope? coz there's income cap, maybe it will work. but if try on PC land, end up all big boys bid high high lor and win multiple bids on same day also never mind.


Yessss.... evidence is the upcoming joint multi GLS.

More competiton = higher prices (where prized assets are concerned)

They are applying 'hawker centre economics' to real estate. Oh boy.

They never learn do they.

lionhill
19-04-13, 09:32
I think need more resale units available to calm the market.
Another reason is that the landbank of most of these listed developers are low, they need to build it up no matter how high the cost is. To them, zero project is much worse of than high-cost projects.

Rosy
19-04-13, 09:35
This should be governed by the 70sqm rule?

How are they going to sell at the average of 2k psf?

bargain hunter
19-04-13, 09:44
PUBLISHED APRIL 19, 2013

KepLand's top bid sets new high for housing land

It bids $1,162.86 psf ppr for 99-year private housing site in Kim Tian Road

BYKALPANA RASHIWALA


'We are confident that we will see positive demand from home-owners who aspire to own a top quality home in the CBD's fringe'
- KepLand president (Singapore) Tan Swee Yiow


[SINGAPORE] A new high has been set for 99-year private housing land offered at a state tender.

The $1,162.86 per square foot per plot ratio (psf ppr) top bid from Keppel Land unit Harvestland Development for a plum site in Kim Tian Road was above expectations.

It also surpassed the previous high of $1,107.80 psf ppr that Far East Organization paid last August for a small plot next to Lutheran Towers along Farrer Road.

KepLand topped yesterday's tender for the plot near Tiong Bahru MRT Station and Tiong Bahru Plaza with a $550.28 million bid. This was 7.2 per cent more than the $513.33 million or $1,084.78 psf ppr from a Far East group-Sekisui partnership. The third highest bid, from a City Developments-led consortium, was $1,016.67 psf ppr. There were 11 bids in all.

Noting that the top three bids were above $1,000 psf ppr, SLP International executive director Nicholas Mak said that "some developers are still very bullish on the middle-high-end residential market segment, especially if there is limited new supply in that location".

KepLand's bid was 3.86 times what MCL Land paid for the previous 99-year private housing site sold by the state in the vicinity a decade ago - in March 2003. MCL paid $301 psf ppr for its site, which it has since developed into the MeraPrime condo. That tender had drawn 12 bids.

For the Kim Tian plot, property consultants had predicted bids of about $850-950 psf ppr when it was launched in late-February by the Urban Redevelopment Authority (URA).

CBRE associate director Desmond Sim notes that the site's proximity to the Tiong Bahru MRT station and established amenities outweighed the site's building restrictions.

These include maximum heights of 25, 30 and 40 storeys for different sections of the site and a maximum of 500 homes due to traffic issues in the locality. There is also a requirement for a basement carpark, which is more costly compared with a multi-storey carpark.

Market watchers' estimates of KepLand's breakeven cost range from $1,660 psf to $1,800 psf, with some suggesting that the group could be looking at an average selling price of around $2,000 psf.

They see KepLand taking the cue from Echelon, located near Redhill MRT Station, one stop away. Echelon's developer, City Developments, sold units at median prices of $1,836 psf and $1,832 psf in March and February respectively, according to URA data.

Meanwhile, the 500 homes stipulated for the Kim Tian project implies an average unit size of around 946 sq ft. Assuming a price of $2,000 psf, the average unit in the development would be priced around $1.9 million. This would be on the high side for a condo outside the Core Central Region that is targeted at the HDB upgrader market.

Still, Mr Sim argues that KepLand might be right in being optimistic, given the relatively high prices for HDB resale flats in the vicinity.

According to PropNex Realty CEO Mohamed Ismail, sellers of five-room HDB flats on high floors in the Kim Tian location are asking for well above $900,000. "For executive flats at Queenstown, two MRT stops away, sellers are asking for $1 million," he added.

KepLand president (Singapore) Tan Swee Yiow said: "We are confident that we will see positive demand from homeowners who aspire to own a top quality home in the CBD's fringe. . . Tiong Bahru is an established residential estate which is well-connected by public transportation and well-served by a wide range of facilities and amenities."

The Kim Tian site, in addition to being a stone's throw away from Tiong Bahru MRT Station on the East-West Line, will be 500 metres from the planned Havelock Station on the Thomson Line.

KepLand envisages a project with about 500 homes ranging from 500 sq ft to 1,350 sq ft in one to four-bedroom configurations.

"A wide range of shopping, dining and leisure amenities are a stone's throw away at Tiong Bahru Plaza, Tiong Bahru Food Centre, Tiong Bahru Conservation Area and Great World City," the group said.

Other bidders at yesterday's tender included CapitaLand unit Areca Investment which offered $993.42 psf ppr. Placing an identical bid was a tie-up between UOL Venture Investments and Kheng Leong Co.

Low Keng Huat partnered Sun Venture Homes for a $953.06 psf ppr bid. Wing Tai and Metro teamed up to bid $944.37 psf ppr. Frasers Centrepoint unit FCL Place bid $930 psf ppr.

Placing the lowest bid was Asset Legend, at $608.21 psf ppr.

bargain hunter
19-04-13, 09:47
the highlight of the article above:

CBRE associate director Desmond Sim notes that the site's proximity to the Tiong Bahru MRT station and established amenities outweighed the site's building restrictions.

These include maximum heights of 25, 30 and 40 storeys for different sections of the site and a maximum of 500 homes due to traffic issues in the locality. There is also a requirement for a basement carpark, which is more costly compared with a multi-storey carpark.

Market watchers' estimates of KepLand's breakeven cost range from $1,660 psf to $1,800 psf, with some suggesting that the group could be looking at an average selling price of around $2,000 psf.

They see KepLand taking the cue from Echelon, located near Redhill MRT Station, one stop away. Echelon's developer, City Developments, sold units at median prices of $1,836 psf and $1,832 psf in March and February respectively, according to URA data.

Meanwhile, the 500 homes stipulated for the Kim Tian project implies an average unit size of around 946 sq ft. Assuming a price of $2,000 psf, the average unit in the development would be priced around $1.9 million. This would be on the high side for a condo outside the Core Central Region that is targeted at the HDB upgrader market.


This should be governed by the 70sqm rule?

How are they going to sell at the average of 2k psf?

bargain hunter
19-04-13, 09:48
so there's even more restrictions! its an average 88 sq m (946 sq ft) rule!


This should be governed by the 70sqm rule?

How are they going to sell at the average of 2k psf?

phantom_opera
19-04-13, 10:00
sell gold buy land

mrt land is the new gold :p

phantom_opera
19-04-13, 10:09
btw, Keppel sold 15% stake in Tanah Merah plot to Wanke, China largest developer (probably in exchange of some deals in China)

Keppel land is so aggressive in land bid .. I must kowtow ... FEO is history liao :p

correction, 30% stake, not 15%

also from Keppel report:

Moving forward, the group will focus on the core markets of Singapore and China while strengthening its position in Vietnam and Indonesia.

bargain hunter
19-04-13, 10:12
this plot prob would invite Vanke in for partnership also.


btw, Keppel sold 15% stake in Tanah Merah plot to Wanke, China largest developer (probably in exchange of some deals in China)

Keppel land is so aggressive in land bid .. I must kowtow ... FEO is history liao :p

Pro888
19-04-13, 11:37
$1163 psf!!! :scared-1: :scared-1: :scared-1:

It was so easy for us all to put in the numbers. Some might be bullish but nowhere near these developers who are putting in real $$$.

I hold tight tight to my unit there. Waiting to reach at least $1.8k psf. :D

Rysk
19-04-13, 12:18
PUBLISHED APRIL 19, 2013

KepLand's top bid sets new high for housing land

It bids $1,162.86 psf ppr for 99-year private housing site in Kim Tian Road

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

Market watchers' estimates of KepLand's breakeven cost range from $1,660 psf to $1,800 psf, with some suggesting that the group could be looking at an average selling price of around $2,000 psf.


I thought it is a F'hold project.. till I read this page..
OMG!! Is a 99-year LH.. moreover will be selling at $2k psf.. :scared-1:

Suddenly have a feeling that those currently on the resale mkt is a underpriced..

bargain hunter
19-04-13, 13:50
as we had been discussing for quite awhile. several reasons why buyers prefer new launches vs resale right? i think all those reasons are still valid.


I thought it is a F'hold project.. till I read this page..
OMG!! Is a 99-year LH.. moreover will be selling at $2k psf.. :scared-1:

Suddenly have a feeling that those currently on the resale mkt is a underpriced..

Kampongboy
07-03-14, 14:42
anyone can agar when launching? another thread by agent say Highline Residences. i wonder how much will Keppel price it...

sunboy77
03-04-14, 12:13
It will happen in late May.

Allthepies
03-04-14, 20:45
Huat ah....$2500psf for Kim Tian?

Esso99
08-05-14, 01:03
A record high land price of $1,162.86 was set by Keppel Land in April 2013 for a Kim Tian Road residential site. The winning bid of $550.28 million dollars was (we think almost reckless) 7.2% above the next highest bidder. Made amidst the still bullish market in early 2013 just before the Government jammed the brakes using the TDSR measures in June 2013, Highline Residences is expected to launch within the second quarter of 2014 to a lukewarm property market.

Just for a quick site price comparison, the troubled South Beach project site was won with a bid of $1,069 psf ppr in July 2007 and the more recent Clermont Residences at Tanjong Pagar Centre’s land price was $1,006 psf ppr in November 2010. These two developments are facing strong headwinds in selling their high end luxury projects, with South Beach repeatedly delaying launch until even today. Will Highline Residences face the same headwinds as these two premium ultra luxury projects, or will Keppel Land launch their units and price them according to the current market conditions after realizing their folly in paying such a high price for this Kim Tian road site?


Wow even more expensive than clermont land. I will be very surprised if anyone buys into this development as it is akin to helping developers to pay for land costs. Even the glades at tenah merah has problem moving units, much less at this plot.

sunboy77
07-09-14, 19:49
Highline Residences sales gallery officially closed, until the first-day sales that will happen next Saturday 13 Sep.
So far 200+ cheques submitted. Dunno how much discounts will be given though...

Sales gallery was very very packed over the last 2 weekends.

081828
07-09-14, 19:57
What is the indicative pricing?

sunboy77
07-09-14, 20:43
What is the indicative pricing?
Below Guide PRICES are BEFORE EARLY BIRD DISCOUNT:

1bd 506- Est $1mil to $1.2mil (1976-2371psf)

2bd 635/667/700- Est $1.25mil to $1.6mil (1968-2285psf)

3bd 915- Est $1.6mil to $2mil (1748-2186psf)

3bd(deluxe) 1076/1109/1152- Est $2mil to $2.5mil (1803-2170psf)

4bd 1292- Est $2.4mil to $2.8mil (1857-2167psf)

3/4DK1130/1227- Est $2.5mil to $2.6mil(2212-2119psf)

Penthouses - $5 mil

thomastansb
08-09-14, 22:30
635 sq ft 2 bedroom. For dogs. And 1076 is deluxe 3 bedroom. Maybe deluxe for dogs again.

august
08-09-14, 23:08
635 sq ft 2 bedroom. For dogs. And 1076 is deluxe 3 bedroom. Maybe deluxe for dogs again.

welcome to hong kong.

azeoprop
08-09-14, 23:30
Below Guide PRICES are BEFORE EARLY BIRD DISCOUNT:

1bd 506- Est $1mil to $1.2mil (1976-2371psf)

2bd 635/667/700- Est $1.25mil to $1.6mil (1968-2285psf)

3bd 915- Est $1.6mil to $2mil (1748-2186psf)

3bd(deluxe) 1076/1109/1152- Est $2mil to $2.5mil (1803-2170psf)

4bd 1292- Est $2.4mil to $2.8mil (1857-2167psf)

3/4DK1130/1227- Est $2.5mil to $2.6mil(2212-2119psf)

Penthouses - $5 mil

So early bird discounts will be 50%? :rolleyes:

gadiny
13-09-14, 15:53
Some nett prices to share share from today sales:
1 br (506 sqf)
I. #08-09 = $935K (1,848psf)
II. #11-09 = $953K (1,883psf)

2BR (667sqf)
#10-14 = $1,208,000 (1,811 psf)

3BR (915 sqf)
#8-13 = $1,570.2K (1,716psf)
#15-13 = $1,634.2K (1,786psf)
#6-11 = $1,462.7K (1,598psf)
#9-11 = $1,488K (1,626psf)

lionhill
13-09-14, 16:17
Some nett prices to share share from today sales:
1 br (506 sqf)
I. #08-09 = $935K (1,848psf)
II. #11-09 = $953K (1,883psf)

2BR (667sqf)
#10-14 = $1,208,000 (1,811 psf)

3BR (915 sqf)
#8-13 = $1,570.2K (1,716psf)
#15-13 = $1,634.2K (1,786psf)
#6-11 = $1,462.7K (1,598psf)
#9-11 = $1,488K (1,626psf)

the price looks very attractive.

gadiny
13-09-14, 16:36
Ya from a high level comparison, Highline pricing is
- comparable to echelon's units of similar floor eg Echelon's 2BR (732sf) #10-10 is 1,867psf and #10-4 is 1,831psf, #10-7/14=$1,778psf
- about 100psf higher than Alex Resi eg Alex's 2 BR #10-11 is 1,683sf and #10-2 is 1,742sf

bargain hunter
13-09-14, 16:37
how many sold?

DC33_2008
13-09-14, 17:08
What will be the likely rental yield?
the price looks very attractive.

dtrax
14-09-14, 01:47
how many sold?

Let the pic do the talking

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-xap1/v/t1.0-9/q83/p480x480/10649576_10152384157195678_2349775385955069569_n.jpg?oh=bd68c886acf7535a8f2d0c6e65fc5cc6&oe=549EDCFC&__gda__=1418830391_419f04fdda1260070074731f5364444b

gadiny
14-09-14, 19:29
SINGAPORE - Home buyers picked up about 80 per cent of the first 160 units launched at Highline Residences in Kim Tian Road over the weekend, developer Keppel Land said on Sunday.
The average price of the units sold on Saturday and Sunday was $1,900 per sq ft (psf), in line with property watchers' expectations.
Keppel Land had previously given an indicative price of $2,000 psf for homes in the 500-unit condominium, located within walking distance of Tiong Bahru MRT Station and the Tiong Bahru Plaza mall. But this was before taking into account a "special preview discount" that was not disclosed.

bargain hunter
14-09-14, 20:49
glad u provided us with the disclosed discounted prices. :cheers1:

http://www.straitstimes.com/news/business/property/story/keppel-land-sells-80-first-160-units-launched-highline-residences-20140


SINGAPORE - Home buyers picked up about 80 per cent of the first 160 units launched at Highline Residences in Kim Tian Road over the weekend, developer Keppel Land said on Sunday.
The average price of the units sold on Saturday and Sunday was $1,900 per sq ft (psf), in line with property watchers' expectations.
Keppel Land had previously given an indicative price of $2,000 psf for homes in the 500-unit condominium, located within walking distance of Tiong Bahru MRT Station and the Tiong Bahru Plaza mall. But this was before taking into account a "special preview discount" that was not disclosed.

Maxim1
14-09-14, 21:40
glad u provided us with the disclosed discounted prices. :cheers1:

http://www.straitstimes.com/news/business/property/story/keppel-land-sells-80-first-160-units-launched-highline-residences-20140

Wow all the Twin Regency owners can laugh to the bank now.

bargain hunter
14-09-14, 22:25
i think the psf of new launches have very limited impact on the neighbouring existing developments, especially when we are not in comparing the same sizes. 2 bedroom comparison: 6xx sq ft vs 9xx sq ft. 3 bd 9xx sq ft vs 12xx to 14xx sq ft. 4 bd 1292 sq ft vs 1776 sq ft.



Wow all the Twin Regency owners can laugh to the bank now.

Maxim1
14-09-14, 23:47
i think the psf of new launches have very limited impact on the neighbouring existing developments, especially when we are not in comparing the same sizes. 2 bedroom comparison: 6xx sq ft vs 9xx sq ft. 3 bd 9xx sq ft vs 12xx to 14xx sq ft. 4 bd 1292 sq ft vs 1776 sq ft.

Heh the never ending debate between psf vs. quantum. I still think psf matters more than quantum in the long run for capital appreciation - especially for properties <3m. I wonder how much capital appreciation can someone who pays 1900psf for leasehold tiong bahru expect? But 100+ buyers don't agree with me, so maybe I am wrong!

henryhk
15-09-14, 06:36
Heh the never ending debate between psf vs. quantum. I still think psf matters more than quantum in the long run for capital appreciation - especially for properties <3m. I wonder how much capital appreciation can someone who pays 1900psf for leasehold tiong bahru expect? But 100+ buyers don't agree with me, so maybe I am wrong!

tis is bullish news for property market , especially after TDSR, ...as long as the location is right, there will be people seeing value in it! I believe TDSR will create alot of ammunition for some in 2 to 3 years time, and property is still the way for investment , unless stock market is attractive!

bargain hunter
15-09-14, 07:01
i agree with you with regards to the importance of psf in the long run. but rather than say twin regency owners laugh all the way to the bank, what u said below may be more fair.

anyway 1900psf is before discount, but we can safely say standard units average > 1700psf for this new project.



Heh the never ending debate between psf vs. quantum. I still think psf matters more than quantum in the long run for capital appreciation - especially for properties <3m. I wonder how much capital appreciation can someone who pays 1900psf for leasehold tiong bahru expect? But 100+ buyers don't agree with me, so maybe I am wrong!

kane
15-09-14, 08:51
Surprising to see this amount of interest in such a market.

DC33_2008
15-09-14, 10:10
I suppose this could be the group who have waited on sideline for a long while to invest. Believe most of them are locals. Like I share with R33 in the forum 'Land storm is coming', there is quite a lot of HNW in Singapore and do not underestimate them even with TDSR.
tis is bullish news for property market , especially after TDSR, ...as long as the location is right, there will be people seeing value in it! I believe TDSR will create alot of ammunition for some in 2 to 3 years time, and property is still the way for investment , unless stock market is attractive!

bargain hunter
15-09-14, 11:11
TDSR rules still allow showing of cash to secure loans. as long as the HNW can show the cash, they can get the loans. as long as they feel its a good deal after paying ABSD, they will still make a purchase.



I suppose this could be the group who have waited on sideline for a long while to invest. Believe most of them are locals. Like I share with R33 in the forum 'Land storm is coming', there is quite a lot of HNW in Singapore and do not underestimate them even with TDSR.

VAR
15-09-14, 20:11
i agree with you with regards to the importance of psf in the long run. but rather than say twin regency owners laugh all the way to the bank, what u said below may be more fair.

anyway 1900psf is before discount, but we can safely say standard units average > 1700psf for this new project.

Think the sold price of 1900psf is already after discount.

triproton
15-09-14, 20:28
Fact of the matter is that they only launched about 1/3 of the available units in the development. So, although 80% of the first phase is sold, that amounts to about 120+ units out of 500 units. So, only 25% is sold. Judging by past experience, the sales will slow down after the initial launch. Keppel still have 75% of the units to sell. Still a long way to go. I think they will end up like Alex Residences which up to now is about 50% sold after one year. But at least they are better than Crest.

bargain hunter
16-09-14, 15:03
Think the sold price of 1900psf is already after discount.

several units had developer net prices of below 1900psf


Some nett prices to share share from today sales:
1 br (506 sqf)
I. #08-09 = $935K (1,848psf)
II. #11-09 = $953K (1,883psf)

2BR (667sqf)
#10-14 = $1,208,000 (1,811 psf)

3BR (915 sqf)
#8-13 = $1,570.2K (1,716psf)
#15-13 = $1,634.2K (1,786psf)
#6-11 = $1,462.7K (1,598psf)
#9-11 = $1,488K (1,626psf)

VAR
16-09-14, 17:59
several units had developer net prices of below 1900psf

I see, you are right. I was referring to the 1 bedder of 1900 psf for low unit only as I thought developer only launch the 1 bedroom at the start.

Maxim1
16-09-14, 21:17
This project is absolutely perfect for young first-time buyers who are unaffected by ABSD: small quantum, "hipster" location (lots of cafes where they can take selfies and post instagram pics), near mrt etc.
This should be a sellout even at 1900 psf. :cheers4:

bargain hunter
17-09-14, 08:30
wow, so optimistic!

1 bedders seem so ex in psf terms. if they can afford it, they should go for 2 bedders or bigger which are better value.


This project is absolutely perfect for young first-time buyers who are unaffected by ABSD: small quantum, "hipster" location (lots of cafes where they can take selfies and post instagram pics), near mrt etc.
This should be a sellout even at 1900 psf. :cheers4:

safetyfirst
17-09-14, 23:36
I went to the show flat and was told that 1900+ psf for 1 bedder was after a 15% + 7% discount. And the discount will be taken off after last weekend. Anyone can confirm on the latest? Personally, I dare not commit on the smaller size unit. The 3 bedder psf seems more reasonable

henryhk
18-09-14, 06:40
I went to the show flat and was told that 1900+ psf for 1 bedder was after a 15% + 7% discount. And the discount will be taken off after last weekend. Anyone can confirm on the latest? Personally, I dare not commit on the smaller size unit. The 3 bedder psf seems more reasonable

May i ask Why u interested in the 1 bed room unit? Is it for stay or rental? Wat your take is tis project compared to lakeville in Jurong which goes for $1300 psf , so much cheaper, also find rental easier!

safetyfirst
18-09-14, 07:22
I went down more for fact finding only. To be honest, have not really looked at west area so far.

Jem
18-09-14, 18:15
Sometimes it's not just the $$ and what returns you will get. Some people will only stay in a certain neighbourhood. I have a friend who grew up in redhill and he cannot imagine living anywhere not around that area. He eventually bought a 30 year plus walkup apartment there. Plus TBB is now consistently regarded as one of the hippest neighbourhood in the world.

http://www.vogue.com/slideshow/1080625/fifteen-coolest-street-style-neighborhoods/

http://travel.cnn.com/singapore/life/tiong-bahru-singapore%E2%80%99s-oldest-and-hippest-hood-980850

All these intangible appeal will raise the demand for these places and there will be people who are willing to pay more to stay in a part of history and hype.

bargain hunter
18-09-14, 19:39
u just gave agents very good tips on how to market this project. :)


Sometimes it's not just the $$ and what returns you will get. Some people will only stay in a certain neighbourhood. I have a friend who grew up in redhill and he cannot imagine living anywhere not around that area. He eventually bought a 30 year plus walkup apartment there. Plus TBB is now consistently regarded as one of the hippest neighbourhood in the world.

http://www.vogue.com/slideshow/1080625/fifteen-coolest-street-style-neighborhoods/

http://travel.cnn.com/singapore/life/tiong-bahru-singapore%E2%80%99s-oldest-and-hippest-hood-980850

All these intangible appeal will raise the demand for these places and there will be people who are willing to pay more to stay in a part of history and hype.

Jem
18-09-14, 19:50
u just gave agents very good tips on how to market this project. :)

LOL, actually I also think I should perhaps become an agent for a retirement job. I can probably market a property better than those agents whom I have come into contact with :p

bargain hunter
18-09-14, 20:18
yes indeed, a lot of the forumers here are so passionate about property. sure to be better than many agents. :cheers1:


LOL, actually I also think I should perhaps become an agent for a retirement job. I can probably market a property better than those agents whom I have come into contact with :p