View Full Version : Capitaland's Marine Blue
The colourful signage are up.
Comments, views?
The colourful signage are up.
Comments, views?
prob 1800-2000 psf.
Parc Seabreeze already 1500-1700psf.
clemdale24
09-03-14, 22:39
prob 1800-2000 psf.
Parc Seabreeze already 1500-1700psf.
my take is 1900-2000psf. with the inevitable marine parade station across the road, this will not be cheap.
down the road, UOL also has another launch along st pat's road. not sure when the launch will be, but my guess for that is 1700-1800psf. about 200psf cheaper than marine blue.
what do u guys think?
It is a good location and there is always crowd around that area, from Parkway parade to I12. Which is positive in my view.
However it is not a big development and the sea view is limited.
Further away to St Patrick road and onwards, it is almost like a different segment from the "marine parade / katong" area. Not even mentioning the amber road area. Which is not comparable to this area of launch. Try walking from St Patrick's road to Parkway parade and can feel the distance.
If it is priced at 2,000 psf, then it is pricing into the future with MRT, which i don't like. I prefer to pay for what is available now, not for future and "possibilities". Well again, the argument can be around foresight and start endless debate.
good location, only question is how much.
Amber Woods
10-03-14, 10:54
If CapitaLand wants a sell out for this small development instead of keeping the show flat open for years, it may sell at $1600 to $1700. Even at this price, the units have to be small to keep price affordable.
They bought the land for about $1046 psf ppr. Since CapitaLand has no other development in Katong unlike Far East, they have no incentive to defence prices in Katong.
As a listed company, Capitaland may just decide to sell off all units at one go and move on unlike its other two bigger development in Bishan.
clemdale24
10-03-14, 11:18
If CapitaLand wants a sell out for this small development instead of keeping the show flat open for years, it may sell at $1600 to $1700. Even at this price, the units have to be small to keep price affordable.
They bought the land for about $1046 psf ppr. Since CapitaLand has no other development in Katong unlike Far East, they have no incentive to defence prices in Katong.
As a listed company, Capitaland may just decide to sell off all units at one go and move on unlike its other two bigger development in Bishan.
haha, unfortunately i dont think thats a possibility. 1600-1700psf is so yesterday. come on even jurong is 1400-1700psf. lets not kid ourselves.
Amber Woods
10-03-14, 11:40
haha, unfortunately i dont think thats a possibility. 1600-1700psf is so yesterday. come on even jurong is 1400-1700psf. lets not kid ourselves.
Just curious, will you buy at $1800 psf?
clemdale24
10-03-14, 12:35
Just curious, will you buy at $1800 psf?
haha my pockets are too empty to buy, as much as i like to. but even so, i guess i will pick seaview over this as it just seems more luxurious than this project.
but then again, 1900-2000psf is definitely not pushing the limit. looking at bishan's skyvue/sky habitat, redhill's echelon, jurong's j gateway, kovan's tembusu, telok blangah's skyline residences - what do you think?
same goes for UOL's st pat's road potential launch. 1700-1800psf is justified.
Amber Woods
10-03-14, 12:45
haha my pockets are too empty to buy, as much as i like to. but even so, i guess i will pick seaview over this as it just seems more luxurious than this project.
but then again, 1900-2000psf is definitely not pushing the limit. looking at bishan's skyvue/sky habitat, redhill's echelon, jurong's j gateway, kovan's tembusu, telok blangah's skyline residences - what do you think?
same goes for UOL's st pat's road potential launch. 1700-1800psf is justified.
If you do not want to buy at $1800, my guess is many will also not buy at this price for this development.
The point here is if CapitaLand wants to clear inventory and given the bleak outlook for property market going forward, do you think CapitaLand will want to try selling for $1900 and risk incurring more costs to keep the show flat open for the next 3 years and increasing their inventory?
I think it will be at $2000psf range.
:D
$1800-$2000 pdf then give discount later if cannot move.
From the signage 'photo', it appears to be loft units with double storey.
$1800-$2000 pdf then give discount later if cannot move.
Yeah, I think so too. Capitaland is quite big and rich anyway, they can afford to hold onto units.
IMO, at least $1900. I'm sure there are a lot of deep pocket foreigners and locals are waiting for this launch. This is mid to long term investment, definitely will be higher than the launch price after 5 yrs for this good location.
IMO, at least $1900. I'm sure there are a lot of deep pocket foreigners and locals are waiting for this launch. This is mid to long term investment, definitely will be higher than the launch price after 5 yrs for this good location.
Only possible for unit size around 70sqm and below. Or else will not move at current market condition.
freehold leh. sld be good buy.
might as well buy resale unit at Cote D'Azur at the right time. ;)
might as well buy resale unit at Cote D'Azur at the right time. ;)
That lousy condo is 99yrs lease and is on reclaimed soil.
The good condo worth buying there is the seaview...
The good condo worth buying there is the seaview...
seaview is the best in that area. u walk in u won't feel like u have building intruding on u.
seaview is the best in that area. u walk in u won't feel like u have building intruding on u.
Quote from Propertyguru review on sea view:
"it is a miserable and terrible place to live. It is falling to bits and is nick named "cone do" because there are so many cones placed where the wooden decking is rotting and coming away.
The gardens are in terrible shape and they are forever cutting all the trees back to nothing.
"
Quote from Propertyguru review on sea view:
"it is a miserable and terrible place to live. It is falling to bits and is nick named "cone do" because there are so many cones placed where the wooden decking is rotting and coming away.
The gardens are in terrible shape and they are forever cutting all the trees back to nothing.
"
Surprised at so many bad reviews of seaview at ppty guru. can the reviews be trusted? what happened to the law suits, settled already?
it has a big land area, swim pool areas look nice
Very common to see broken glass at balcony, covered with plywood while waiting for repair.
best is visit the place yourself to tell.
seaview is the best in that area. u walk in u won't feel like u have building intruding on u.
i find seaview somewhat overrated. this marine point location is arguably better.
i find seaview somewhat overrated. this marine point location is arguably better.
For me I dont fancy staring at the hotel cooling towers from the marine Blue aka marine point.
Everyone of course will go after the new and upcoming FH condo like Marine Blue. Let you all cheong first and digest later.
If there is a LH unit in cote-d-azur at a much cheaper/distressed price, i may go for it. Rental yield there is not bad actually. More room to appreciate. It is just beside parkway parade.
That lousy condo is 99yrs lease and is on reclaimed soil.
How much is the "distressed" price?
You can easily search at propertyguru or iproperty for the current selling price n rental. Distressed price for this "lousy condo"? Hope to see 10-15% lower. Still got time to look look see see.
How much is the "distressed" price?
Some may like Cote A'Zur, others prefer Seaview, etc..........it sound like that there are still a lot of interest in the Katong and Amber area, more than the meyer road area. I guess the proximity to amenities is still an advantage, especially for rental?
When is Marine Blue launching?
From searching the web, it looks like this will be 99 yr leasehold. Another 99 yr leasehold on freehold land?
probably taking cue from what FEO is doing in the vicinity. then parc seabreeze and coralis would look really attractive
clemdale24
17-03-14, 22:28
wow are u sure this is gonna be 99LH? If it is, the prices may not be as high as predicted, ie it will be <1800-2000psf.
however, that said, look at silversea and the shore. silversea i get it, but the shore - 1600-1700psf for a 103LH condo? plus, the location of marine blue is definitely (not arguably) better than the shore.
so then again, should this be 99LH and not FH, prices will not be lower than 1700psf in my humble amateur opinion.
at the end of the day, if the following condos can be sold at the prices they were sold/ are being sold at, then what more marine blue:
1. sky habitat/sky vue
2. j gateway
3. echelon
Already see alot of agents walkin around the parkway vicinity canvassing interests...
The time has come.... :D:D:D
*I didnt ask, cos duno why no mood at the moment.... but may dropby showroom when they launch to go kaypoh abit...
It will remain as freehold, unlike PUI FEO.
http://www.themarineblue.com/
http://www.capitalandresidential.com/images/future_img.jpg
Good project. Good time to buy now.
Marine Blue floor plan / E - Brochure here :)
http://newlaunch-sgcondo.com/marine-blue-condo/
(Near bottom, PDF file)
Click on it to view or download.
Sales Gallery Open for Viewing from This Saturday, 29th November 2014, 11am to 6pm.
Sales Gallery located along Bedok South Road (Near Siglap CC)
floor plan / E - Brochure
http://themarineblue.sg
if the price is 2Kpsf ... why wont the buyer grab those Orchard freehold condos?
Amber Woods
26-11-14, 10:18
if the price is 2Kpsf ... why wont the buyer grab those Orchard freehold condos?
Agreed! With CCR prices already crashing, it is a matter of time for prices in RCR and OCR to come down hard. Why buy at this price?
Quick Updates for Marine Blue (http://allpropertylaunches.sg/marine-blue-condo/) Launch @ Marine Parade Road D15:
Project Details
Name: Marine Blue (http://allpropertylaunches.sg/marine-blue-condo/)
Location: Marine Parade Road
Tenure: Freehold
Site Area: 4,755.2 sqm
Expected TOP Date: 15 Oct 2017
Unit Mix
1+1 bedroom with balcony 95 units (636 - 1,271 sqft)
2 bedroom with balcony 13 units (1,045 sqft)
1+ 1 bedroom with terrace 7 units (969 - 1,594 sqft)
2 bedroon with terrace 1 unit (1,141 sqft)
Penthouse 4 unit (3,036 - 3,262 sqft)
Strata Terrace 4 units (3,682 - 4,015 sqft)
Sales Gallery open tomorrow 29th November 2014.
For more information, please contact Kaeden @ 9048 0660.
Cheerios
How much psf?
HI Kellogs,
Thank you for your enquiry in Marine Blue (http://allpropertylaunches.sg/marine-blue-condo/). Actual pricing is not released by developer yet as it is still under preview launch.
For showflat viewing invitation, please contact Kaeden @ 9048 0660. All enquiry most welcome.
Thank you
Cheerios
<Preview Timeline>
Sales Gallery Viewing and LOA submission: 29th Nov 2014 (Sat) to 14th Dec 2014 (Sun)
11am to 6pm daily
(Sales Gallery will be closed from 15th Dec 2014)
Targeted Booking Date: 2nd week of Jan 2015
Sales Gallery located along Bedok South Road (Near Siglap CC)
Please let me know if you intend to view the showflats.
Thanks :)
No information on the prices. I will update once it is out. Thanks :)
the floorplan http://www.themarineblue.com/wp-content/uploads/MarineBlue-EBrochure.pdf
im shocked if someone willing to pay for 50+sqm of void space because of 1 furniture deck at upper level for a Type A unit.
the floorplan http://www.themarineblue.com/wp-content/uploads/MarineBlue-EBrochure.pdf
im shocked if someone willing to pay for 50+sqm of void space because of 1 furniture deck at upper level for a Type A unit.
Yup, strange pricing. Usable space psf will be almost 4k based on indicative 2k psf.
I think at this market sentiments, difficult to find carrot heads. Even the psf is higher than neighboring developments, will be a challenge to sell.
Can buy resale properties nearby. :)
Marine Blue Super Attractive Prices after 10% Discount
1 + Study units from $1,116,900 ($1,759psf)!
2 Bedroom units from $1,863,800 ($1,785psf)!
Loft units from $1,556,100 ($1,225psf)!
Agents say one...
bargain hunter
11-01-15, 22:18
attractive meh?
and this project is by capitaland? why one, two bedders and loft pre-dominantly?
Marine Blue Super Attractive Prices after 10% Discount
1 + Study units from $1,116,900 ($1,759psf)!
2 Bedroom units from $1,863,800 ($1,785psf)!
Loft units from $1,556,100 ($1,225psf)!
Agents say one...
This weekend is the balloting right? So quiet? Must be poor response.
princess_morbucks
11-01-15, 22:39
https://sg.finance.yahoo.com/news/capitaland-luxury-condo-marine-blue-043600293.html?linkId=11575144
The project is grappling with dim prospects.
CapitaLand’s luxury freehold condominium development Marine Blue, located in District 15’s Marine Parade area, is finally set to be launched this month, after weak market sentiments caused its soft launched to be delayed for over a year.
However, analysts are cautious about the project’s prospects, as the Marine Blue is substantially pricier compared to other developments in the area.
According to a report by Square Foot Research, Marine Blue’s launch price is expected to range from $1,800psf and $2,200psf, or an average of $2,000psf.
“This is 40% higher than the median price of units sold in the past 6 months from projects located within 250m. Within the immediate vicinity, there was only 1 transaction, a 1,378-sqft apartment unit from Parc Seabreeze sold in August this year, that broke the $2,000psf mark,” stated the report.
The report further cautioned that demand for Marine Blue may further be hit by declining interest from foreign buyers, who typically make up the bulk of buyers for projects in the area.
“In the case of (neighboring project) Silversea, Singaporeans only account for 26.5% of total purchases.
Demand for Marine Blue may be further dampened due to the declining interest from non-Singaporeans who will have to pay Additional Buyer’s Stamp Duty (ABSD) of up to 15% for purchases of residential properties,” the report noted.
Capitaland does not seem too good with new project development and sales. Hope not another boo - boo. They are better with REITs and Retail mall business.
thomastansb
12-01-15, 15:46
2 bedroom 1.86M. I rather buy D9. SIBOR news also came at the wrong time for CL. Happy selling..
I think the demand of this condo may be only coming mainly from overseas cash rich investors e.g indonesians. The nearby hotel is quite popular among indonesians. Local investors may feel the pinch n stress at this kind of pricing.
http://www.businesstimes.com.sg/real-estate/31-units-at-marine-blue-sold-at-an-average-of-s1800-to-s2000-psf
31 units at Marine Blue sold at an average of S$1,800 to S$2,000 psf
By Lynette Khoo
[email protected]@LynetteKhooBT
13 Jan
CAPITALAND Limited sold 31 of the 50 units released during the preview of its new freehold condo project Marine Blue over the weekend, at an average price of between S$1,800 and S$2,000 per square foot (psf).
The units sold included one-bedroom-plus-study and two-bedroom ones and a penthouse, said a CapitaLand Singapore spokesman.
The price list obtained by The Business Times showed a 10 per cent discount off the listed prices.
Sited next to Grand Mercure Roxy Hotel along Marine Parade Road and within walking distance of the upcoming Marine Parade MRT station, Marine Blue comprises 120 condo units and four strata terrace houses.
Construction has begun.
The showflat in Bedok South Ave 3 first opened for viewing two weeks last month, and then closed for the year-end festive season; it was re-opened last week for the preview for buyers who had indicated interest for the project.
The spokesman said the development would appeal to young professionals and families looking for a contemporary, well-designed home in the mature Marine Parade public housing estate. The development is also near the rich heritage charm of Katong, its vibrant food belt, a transport network and amenities such as shopping malls and schools.
Recent transacted prices of freehold condo units in the vicinity, including 70 Saint Patrick's, Coralis, SeaView and Parc Seabreeze, have fallen within the range of S$1,630 to S$1,730 psf; rents have averaged at between S$3.20 to S$4 psf per month, said SLP International executive director Nicholas Mak.
Property consultants noted that rental prospects for the project look promising, given its proximity to amenities such as Parkway Parade, Katong 112 and the East Coast Park.
R'ST Research director Ong Kah Seng said the locality has generally enjoyed strong leasing interest from expatriates and foreign professionals, who find the location a "cost-effective option in an upmarket locality". He added that the the discounted prices were within reach of buyers, based on total debt servicing ratio limits.
He pointed out that it was becoming a norm for developers to release units during the preview to test the market. Keppel Land, for example, started selling units at its Highline Residences in Tiong Bahru during its preview; 147 out of its 500 units had been sold by the end of November.
He said: "An official launch does little to boost sales, as buyers are concerned only with pricing and discounts, not on the fanfare or other frills and sales incentives.
"So long as pricing isn't matching up to buyers' expectations in this cooled market, buyers will not move on a purchase even it is launched officially (with fanfare)."
wait for fire sales. then.... anyway the units are all so small.
thomastansb
20-01-15, 09:16
Some property experts can say rental is promising. What a joke. The rental will be around the same regardless how new or luxurious your condo is. Cote D'Azure or Silversea, rental is similar.
2 bedroom 1.8M rent out around 4k. Never mind la. And rental is dipping. By the time it TOP, interest rate would have risen and rental will be like 3.5k if you are lucky? You will repent if interest is 3% and your rental is 3k.
For very tall giants who need lots of airspace.
Rental yield is rather low around this area with that kind of $psf.
Some property experts can say rental is promising. What a joke. The rental will be around the same regardless how new or luxurious your condo is. Cote D'Azure or Silversea, rental is similar.
2 bedroom 1.8M rent out around 4k. Never mind la. And rental is dipping. By the time it TOP, interest rate would have risen and rental will be like 3.5k if you are lucky? You will repent if interest is 3% and your rental is 3k.
Let it drops...Let it drops, dont hurrying to buy....
For very tall giants who need lots of airspace.
can put many chandeliers.
Some property experts can say rental is promising. What a joke. The rental will be around the same regardless how new or luxurious your condo is. Cote D'Azure or Silversea, rental is similar.
2 bedroom 1.8M rent out around 4k. Never mind la. And rental is dipping. By the time it TOP, interest rate would have risen and rental will be like 3.5k if you are lucky? You will repent if interest is 3% and your rental is 3k.
If every investor do their sums thoroughly now, all new condos will be ghost towns😀
Hi,
Marine Blue new attractive special prices:
- 1 + Study units from $1,116,900 ($1,759psf)
- Loft units from $1,556,100 ($1,225psf)
Thanks :)
http://newlaunch-sgcondo.com/marine-blue-condo/
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