View Full Version : The Metropolitan Condominium (D3, 99 years LH, Capitaland-Lippo JV)
Singapore Companies
Published November 3, 2006
CapitaLand, Lippo set to launch Redhill condo
By KALPANA RASHIWALA
CAPITALAND and Lippo begin previewing their 45-storey The Metropolitan Condominium next to Redhill MRT Station this weekend. Sources say the price has yet to be finalised but is expected to average between $750 per square foot and $800 psf.
The developers are building the 99-year leasehold project on a site that they clinched at a state tender which closed in November last year. Their nearly $180 million top bid worked out to $350 psf of potential gross floor area. Analysts estimate The Metropolitan Condo's break-even cost at about $550-580 psf.
The development will comprise two blocks which will be linked at at the sky gardens level. Units on upper levels are expected to boast scenic views of the Tanglin/Jervois Good Class Bungalow area.
The project will comprise 382 units in total. The bulk of the units are two- or three-bedroom apartments.
Property industry observers are keenly watching the final price CapitaLand and Lippo decide on for the latest indication on the health of the 99-year leasehold suburban condominium market.
UOL and United Industrial Corporation are currently said to be achieving an average price of $850 psf for their 35-storey The Regency at Tiong Bahru freehold condominium at the former Bo Bo Tan Gardens site near Tiong Bahru MRT Station (one station away from Redhill MRT).
yes, received SMS from agent about this.
TOP 2009
2/3/4 bedroom
45 storey
Average $750 per sq foot :scared-1:
I eagerly await your report on the buyer response of The Metropolitan :D
I eagerly await your report on the buyer response of The Metropolitan :D
ST reported today 100 buyers queue from 3am 4 nov to book a unit at The Metropolitan next to Redhill MRT. 99 years selling at $780 psf average.
Preview on 4 Nov, today already over 200 units sold(4days), not official launch yet! Out of 382 available. Ave px. done @780psf.
Nearby The Regency by UOL/UIC all sold except 8 units left! Ave px. done @ 850psf. Total 158 units; preview 6 wks ago.
CapitaLand sells 188 units of new condo in 2-day preview
By Fiona Chan
Nov 07, 2006
The Straits Times
DEMAND for a new condominium in Alexandra Road was so strong that a queue of more than 100 home-buyers started forming at 3am on Saturday.
Developers CapitaLand and Lippo Group saw 188 units at The Metropolitan snapped up during the weekend preview - more than the 180 units they had originally intended to release at this stage.
This makes the 99-year leasehold condominium one of the best-selling in a single weekend this year, beating The Centris in Jurong, which saw about 150 units sold in its three-day preview weekend in September.
Although it still ranks behind The Sail @ Marina Bay, which sold 250 units in a single day last year, the intense interest in The Metropolitan is seen as the latest sign that property fever is mounting in Singapore.
The high level of demand led CapitaLand to open the condominium's sales office an hour early at 9am on Saturday.
It also means that almost half of The Metropolitan's 382 units have been snapped up, even before its official launch this weekend.
CapitaLand said the overwhelming response led it to offer a second batch of 70 units on Sunday on top of the original 180 units slated for preview sale.
Prices at the project range from $511,000 for a 778 sq ft two-bedder on the fifth floor to $1.45 million for a 1,700 sq ft, four-bedroom unit on the 42nd floor.
This works out to an average of $780 per sq ft (psf), compared with about $750 psf for nearby Tanglin View, a 99-year leasehold condominium by Far East Organization that was launched in 1997 and still has 30 of its 384 units unsold.
But The Metropolitan's 11 penthouses, which have not yet been released for sale, are likely to have higher prices on a psf basis.
They will range from 2,454 sq ft to 3,412 sq ft and their prices will start at $2.5 million, CapitaLand said.
This confirms a trend noted by The Straits Times last Friday of bigger apartments fetching higher psf prices than smaller ones, as tight supply and strong demand from foreigners and large families push up the prices of such units.
About 30 per cent of The Metropolitan buyers were foreigners, mostly from China and Australia, said Ms Patricia Chia, CapitaLand Residential's chief executive.
The development caters specifically to large families, offering buyers options such as subdividing a three- or four-bedroom apartment or combining two two-bedroom units.
As well, its city-fringe location next to Redhill MRT Station, satisfies 'pent-up demand' in the market, added Ms Chia.
'In the last few years we haven't seen a project of this scale that is so near to the city,' she said.
Part of The Metropolitan's appeal may lie in an unusual discount that its developers are offering to buyers looking to upgrade from more remote suburban areas to the city-fringe.
Buyers who are currently living in districts such as Woodlands, Punggol and Pasir Ris get a 1 per cent 'moving closer' discount if they buy a unit. About 30 per cent of The Metropolitan buyers have taken advantage of the discount so far.
The Metropolitan is the latest in a series of condominiums drawing keen interest even before they are officially launched. As home prices climb and buyers try to get in on the action early, several condominiums across the board have seen successful pre-launch previews this year.
They range from high-end developments like Tate Residences in Claymore Road to entry-level projects such as The Centris.
Home prices in Singapore rose 6 per cent in the first nine months of this year. CapitaLand's Ms Chia expects this figure to reach close to 10 per cent by year-end and prices to climb by 10 per cent to 15 per cent next year.
[email protected]
sillyporeans!
18-11-06, 00:07
i think the people who paid $780 psf for M are very silly. M is 99 year lease hold and next to above ground MRT and surrounded by HDB flats.
i know of people who bought newton suites for only $800 plus psf. near MRT, cold storage, near orchard, now newton one and residence at evelyn are selling for $1,400psf.
I also know people who bought cliften for $800 psf. Cliften this one lagi best, freehold, near town, also near 33 Robin which is selling for $1,600 psf above.
I dunno why silliporeans so stupid to buy M at that price!
My wife & I were there at M's soft launch as well. People are crazy, buying units even before looking. Maybe they have done enough homework with their agent before the launch??
We are very curious, why not buy a property from Taglin View across the road which has a bigger footprint? If my intel is correct, there are left over units still in Tanglin View. Also, it is not next to the MRT but near enough.
The Metropolitan will not sub-sell well. There is going to be a shitload of sub-sale advertisements for the Metropolitan with few takers.
The heat is on over in the CBD/Marina Bay. Not here. If you want to flip or speculate, that is the area to be. NOT HERE. At least not in the near future.
I do agree with you. The prices had been driven up by people whom had "missed" the Twin Regency, Regency, etc that are 1 MRT stop away. Seems like speculators that need to flip soon may be burnt.
Unregistered
18-12-06, 21:55
http://www.themetropolitancondo.com.sg/main.swf
Any update on this project? e.g. percentage of units sold.
Someone posted at www.skyscrapercity.com that The Metropolitan has just been fully sold out.
1. Orchard residences 99yrs selling at $3600-4000 psf.:eek:
2. Draycott 8 99yrs selling at $ 2350 psf.
3. Mbfc 99yrs selling at $2500-3000 psf.:eek:
4. Sail 99yrs at $2000 psf.
5. Metro selling at only $850-$950 next to MRT :D OF COURSE SOLD OUT.
1. Orchard residences 99yrs selling at $3600-4000 psf.:eek:
2. Draycott 8 99yrs selling at $ 2350 psf.
3. Mbfc 99yrs selling at $2500-3000 psf.:eek:
4. Sail 99yrs at $2000 psf.
5. Metro selling at only $850-$950 next to MRT :D OF COURSE SOLD OUT.
Following beavis' logic, then it could be very fast that Casa Merah (99-year leasehold, next to Tanah Merah MRT, and even cheaper than Metropolitan) will sell out very soon.
Unregistered
03-05-07, 13:16
Following beavis' logic, then it could be very fast that Casa Merah (99-year leasehold, next to Tanah Merah MRT, and even cheaper than Metropolitan) will sell out very soon.
Beavis is talking about centrally located condos. Tanah Merah is far from that.
The government announced its "Government Land Sales for Second Half of 2007." One of the residential sites on the reserve list is located next to The Metropolitan.
Unregistered
24-06-07, 14:25
The government announced its "Government Land Sales for Second Half of 2007." One of the residential sites on the reserve list is located next to The Metropolitan.
I heard from an agent that there a lot of subsales done for metropolitan condo.
I heard from an agent that there a lot of subsales done for metropolitan condo.
Maybe the upcoming release of the adjacent plot of land is creating some excitement for Metropolitan.
The URA website shows a 1356 sq ft unit was recently sold in June for $1,356,000, that is for $1000 psf.
Any forummer here with access to URA's Realis database to help find out which floor this unit is located on?
Maybe the upcoming release of the adjacent plot of land is creating some excitement for Metropolitan.
You mean people get excited and worried that their views will be blocked?
District Project Name Location Unit # Type Flr SqFt Flr $PSF Cont Date Transacted Tenure
D03 THE METROPOLITAN 221 ALEXANDRA RD 35-01 APT 786 $1,050 30/05/2008 $825,300 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 26-09 APT 1,367 $942 26/05/2008 $1,288,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 18-02 APT 1,033 $682 23/04/2008 $704,880 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 37-10 APT 1,755 $1,187 01/04/2008 $2,083,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 28-06 APT 1,399 $766 01/04/2008 $1,071,900 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 12-07 APT 1,399 $786 31/03/2008 $1,100,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 44-05 APT 1,076 $998 05/03/2008 $1,074,600 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 13-08 APT 1,733 $742 28/02/2008 $1,285,160 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 18-02 APT 1,033 $880 27/02/2008 $909,040 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 02-03 APT 1,787 $723 18/02/2008 $1,291,390 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 02-03 APT 1,787 $723 18/02/2008 $1,291,390 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 28-06 APT 1,399 $1,020 05/02/2008 $1,426,980 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 21-03 APT 1,066 $1,150 21/01/2008 $1,225,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 43-01 APT 786 $971 28/12/2007 $763,200 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 29-04 APT 732 $1,154 19/12/2007 $845,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 09-05 APT 1,432 $949 18/12/2007 $1,358,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 41-02 APT 1,033 $1,080 14/12/2007 $1,115,640 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 03-10 APT 1,744 $935 07/12/2007 $1,630,640 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 29-07 APT 1,399 $735 26/11/2007 $1,028,840 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 11-07 APT 1,399 $935 23/11/2007 $1,308,065 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 28-02 APT 1,033 $760 23/11/2007 $785,700 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 21-03 APT 1,066 $1,096 19/11/2007 $1,168,000 99 YRS FR 17/02/2006
Page 1 of 3
We have 8 houses. All in the south.
am I seeing it right ? It appears to be there are quite a number of transactions in Metropolitan that is below 1000psf level!!
I thought that place will fetch more than that?
am I seeing it right ? It appears to be there are quite a number of transactions in Metropolitan that is below 1000psf level!!
I thought that place will fetch more than that?
What is the buy date? 2006? Of course original price lah.
blackjack21trader
16-06-08, 11:58
What is the buy date? 2006? Of course original price lah.
not 2006, the transactions are mostly recent 2008s. You saw the 2006 is the lease from 2006.
blackjack21trader
16-06-08, 12:13
looks like my prediction is right. Prices in D9,D10,D11 are set to fall while D5 and other districts will be rising.
looks like my prediction is right. Prices in D9,D10,D11 are set to fall while D5 and other districts will be rising.
This a D3 project, haha
blackjack21trader
16-06-08, 19:49
2 years ago I told You,
High end going up and up,
Missed the potty a year ago.
2 months ago I told You,
Mid end going up and up,
Now you goin to miss it all once again....
Unregistered_@@@
16-06-08, 20:46
2 years ago I told You,
High end going up and up,
Missed the potty a year ago.
2 months ago I told You,
Mid end going up and up,
Now you goin to miss it all once again....
U are quite arrogant, let's see how long this stand off (between sellers & buyers) can last, perhaps a clearer picture by end of this year...btw, mass market is not going up & up like what you say yet, perhaps it may but u never know.......
District Project Name Location Unit # Type Flr SqFt Flr $PSF Cont Date Transacted Tenure
D03 THE METROPOLITAN 221 ALEXANDRA RD 35-01 APT 786 $1,050 30/05/2008 $825,300 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 26-09 APT 1,367 $942 26/05/2008 $1,288,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 18-02 APT 1,033 $682 23/04/2008 $704,880 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 37-10 APT 1,755 $1,187 01/04/2008 $2,083,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 28-06 APT 1,399 $766 01/04/2008 $1,071,900 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 12-07 APT 1,399 $786 31/03/2008 $1,100,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 44-05 APT 1,076 $998 05/03/2008 $1,074,600 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 13-08 APT 1,733 $742 28/02/2008 $1,285,160 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 18-02 APT 1,033 $880 27/02/2008 $909,040 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 02-03 APT 1,787 $723 18/02/2008 $1,291,390 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 02-03 APT 1,787 $723 18/02/2008 $1,291,390 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 28-06 APT 1,399 $1,020 05/02/2008 $1,426,980 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 21-03 APT 1,066 $1,150 21/01/2008 $1,225,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 43-01 APT 786 $971 28/12/2007 $763,200 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 29-04 APT 732 $1,154 19/12/2007 $845,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 09-05 APT 1,432 $949 18/12/2007 $1,358,000 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 41-02 APT 1,033 $1,080 14/12/2007 $1,115,640 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 03-10 APT 1,744 $935 07/12/2007 $1,630,640 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 29-07 APT 1,399 $735 26/11/2007 $1,028,840 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 223 ALEXANDRA RD 11-07 APT 1,399 $935 23/11/2007 $1,308,065 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 28-02 APT 1,033 $760 23/11/2007 $785,700 99 YRS FR 17/02/2006
D03 THE METROPOLITAN 221 ALEXANDRA RD 21-03 APT 1,066 $1,096 19/11/2007 $1,168,000 99 YRS FR 17/02/2006
Page 1 of 3
No sure about the other units. But can confirm that one of the unit the stated transaction date is correct, however the stated transaction price is the original price from developer, and not the subsales price. The subsales price at the stated transaction date is way much higher.
Do read it with a pinch of salt on the accuracy of the information.
People buying are of Nerb feeling.
Look around, 10 mins walk with free hold are available in certain area with same $ psf.
Better do a detail study before buy.
For Stay or investment.
Loan, return of investment.
WAKE UP.
No sure about the other units. But can confirm that one of the unit the stated transaction date is correct, however the stated transaction price is the original price from developer, and not the subsales price. The subsales price at the stated transaction date is way much higher.
Do read it with a pinch of salt on the accuracy of the information.
the transaction date and price sld be accurate, barring human typo errors...
however, as mentioned before on other threads, if interested in particular unit's transaction, need to pull out all entries on it before interpretation..i believe the sequence of caveat logging to ura's/sla's dba is somewhat haywire with those bought from developer being logged even later than subsales...hence interpret with care, dont jump with joy or dread thinking prices went up or down (against market thread)...
eggsun, that's a very useful listing that u've posted. Do u also have the 2nd and 3rd page ?
Made a mistake. It's 737 who supplied the transaction listing. Anyone has info on the prices of the units sold during launch ?
Newbie Homebuyer
06-08-08, 12:54
this development is being offered for sub-sales at very cheap prices..(compared to say Dakota).. think i saw one at 800+ psf. any idea why?
this development is being offered for sub-sales at very cheap prices..(compared to say Dakota).. think i saw one at 800+ psf. any idea why?
This could be offered from 1st buyer who bought from the developer 2 years ago.
Depends on which floor, if lower level, the price was below $700 psf from developer, he is making profit and now he wants to let go and cash out!
This could be offered from 1st buyer who bought from the developer 2 years ago.
Depends on which floor, if lower level, the price was below $700 psf from developer, he is making profit and now he wants to let go and cash out!
I will buy at $500 psf.
Wow! $500 is way below maket rate for now. I will buy ard $800 psf for a unit abv #30...hiak hiak hiak
Pattern, u're too generous. I won't even pay anything above $700 psf for Metro units. With one side facing the tall HDB flats, the other side being blocked by future 40-storey design & build HDB flat on the left and the possibility of more high-rise condo projects (eg Wingtai site) on the right, there's no view left.
Plus the whole project is surrounded by roads & MRT tracks, it is not worth paying so much.
Moreover, heard news that the WingTai has no plans yet to launch the site next Metro. So there is no need for potential buyers to panic & rush to buy Metro now.
kongrealty
26-08-08, 19:54
Located on the fringe of district 10, The Metropolitan Condominium stands at 45 storeys tall next to the Redhill MRT Station. It is a stone's throw away from downtown Orchard Road. Whether you are getting to the CBD or having your favourite coffee at the local coffee stall, getting around the island just got more convenient.
2rm
#3x-02
3rm
#4x-09
#3x-07
#3x-05
#2x-05
#1x-07
#0x-07
4rm
#0x-10
Jacky +65 8168 0641
Located on the fringe of district 10, The Metropolitan Condominium stands at 45 storeys tall next to the Redhill MRT Station. It is a stone's throw away from downtown Orchard Road. Whether you are getting to the CBD or having your favourite coffee at the local coffee stall, getting around the island just got more convenient.
2rm
#3x-02
3rm
#4x-09
#3x-07
#3x-05
#2x-05
#1x-07
#0x-07
4rm
#0x-10
Jacky +65 8168 0641
How much is the 3 rm 3x and above?
peter frying pan
28-08-08, 23:28
cost u an arm and a leg
How much is the 3 rm 3x and above?
Hi, most owners quoting $1050 psf for units above #30. This is crazy! In the current softening property market, it is madness to be asking for sky high prices! In your case a 3BR unit above #30 will cost you $1.47 million!!! Unless you are cash rich, most of the buyers like myself would not be able to afford. So i will just wait for a suitable unit at the right timming. Commiting now would means my loan is around $1.2 million (80%)!!! Not to mention paying $290 000 (20%) up front!! Monthly payment is ard $5500 depending on your age. And not forgeting stamp duty of ard $35 000. I am a serious but certainly not crazy buyer.
$1000psf for Metro units ? I agree this is crazy. Who will be willing to pay so much in the current property market which is softening ? Might as well pay slightly more to get a FH condo/ terrace house. No wonder the subsales transactions are getting lesser and lesser recently, sellers have yet to realise that buyers could only afford that much.
they need crack pipe
30-08-08, 19:06
sellers have to make sure buyers have puffed the crack pipe several times before selling to them. Anyone in a sober state wud think it is nuts
$1000psf for Metro units ? I agree this is crazy. Who will be willing to pay so much in the current property market which is softening ? Might as well pay slightly more to get a FH condo/ terrace house. No wonder the subsales transactions are getting lesser and lesser recently, sellers have yet to realise that buyers could only afford that much.
Unregistered_0010
04-09-08, 10:22
sellers have to make sure buyers have puffed the crack pipe several times before selling to them. Anyone in a sober state wud think it is nuts
Saw an ad in Classified ST today asking for $800 psf for a bigger unit in Metro, showtime!!!
Show me the money
04-09-08, 11:05
Saw an ad in Classified ST today asking for $800 psf for a bigger unit in Metro, showtime!!!
800 psf for a 30 floor and above, good buy. Below 30 floor, wait for 700 psf. Below 20 floor, wait for below 600 psf. Below 10 floor, 500 psf can happen. These are for units not facing the MRT. For units facing the MRT, deduct 20% more from the above prices but for floor 2 to 20, below 450psf becos the MRT noise is really bad. On aircon whole day also can hear from 5 plus to about mid-night, two ways travelling interval at peak of every minute, non-peak 5 minutes each way, if average out with two ways travelling, 3 minutes, peak, 30 seconds. My goodness...
Pattern, u're too generous. I won't even pay anything above $700 psf for Metro units. With one side facing the tall HDB flats, the other side being blocked by future 40-storey design & build HDB flat on the left and the possibility of more high-rise condo projects (eg Wingtai site) on the right, there's no view left.
Plus the whole project is surrounded by roads & MRT tracks, it is not worth paying so much.
Moreover, heard news that the WingTai has no plans yet to launch the site next Metro. So there is no need for potential buyers to panic & rush to buy Metro now.
is this new site next to Metro 99 years too?
Heard that it's going to TOP in June 2009? Any buyers know the actual estimated date?
Have you read article in ST this week that Condo near MRT is in high demand and limited supply.
I just checked URA web-site and found :
TANGLIN REGENCY TANGLIN ROAD Condominium 620,000 710 873psf Sep-08
TANGLIN REGENCY TANGLIN ROAD Condominium 1 700,000 710 985psf Aug-08
TANGLIN VIEW PRINCE CHARLES CRESCENT Condominium 1 1,125,000 1,141 986sf Aug-08
Would it be still reasonable for valuation for The Metropolitan for $900-1,000 psf ? since it has better location than these two condos above as it's next door to Redhill MRT and will be brand new and has sky-suite
Would it be still reasonable for valuation for The Metropolitan for $900-1,000 psf ? since it has better location than these two condos above as it's next door to Redhill MRT and will be brand new and has sky-suite
Sky-suite ? Is there any ? Do u mean sky terrace or garden ? To me, each project has its own unique feature & the sky garden is a unique feature that this project has.
Let's do an analysis on Metropolitan :
1) Surrounded on 3 sides by roads {traffic noises}
2) Super near to MRT ==> super noisy from dawn till midnite
3) No privacy - MRT commuters/HDB dwellers looking into Metro units everyday unless u stay above #35, ie, 1 side of Metropolitan project is totally unappealing
4) On the side facing Tanglin/Orchard, anything below #25 ==> u're being blocked by Tanglin Regency/View. On the right, soon will be blocked by the upcoming Wingtai project (48 storeys high !!! - how to beat the view ??? )
5) Most unit layouts consist of minimum 2 planters, which is a waste of precious space
6) No bathtub for all units (except for penthouse) and only homogeneous tiles for living/dining (not even marble)
In contrast, Tanglin Regency/View will be quieter being walking distance to MRT & facing lesser traffic noise pollution. They are still closer to Tanglin area and relatively exclusive than Metropolitan.
The only good thing about Metro is that it is brand new. But sometimes staying too near to MRT station isn't exactly a good idea. There are too much human traffic (& they add to the noise) and there is a lack of exclusivity feel about the project.
On the other note, there's another HDB project currently building at Tanglin side. Soon, Tanglin area will be infested by new public and private skyscrapers, as there are pockets of land parcel available here and there in that area.
In my opinion, Metro is only worth 600 to 800 psf at the most. It was launched at average of $750 psf (high side).
Personally, I would prefer Tanglin View/Regency as they're definitely more exclusive and offer more privacy, and I still enjoy similar amenities within walking distance.
Yes, I mean sky-terrace, fantastic place to enjoy a view when resident wants it, like watching fireworks in Sentosa :-)
Let's just look at the facts, that Tanglin View/Regency is 99 years lease like Metropolitan and it's been more than 5-years old and still can fetch $900-1000 psf. So Metropolitan is new so don't you think it should be at least the same and as time is money, being able to just walk to MRT within 3-minutes is 'a real luxury' esp. for profesional people and also family with school-aged children, no worries even when it's raining, and no time waste, it's something that modern family are looking for right ?
Noise from MRT ? for units facing MRT line, off course there is some noise, but facing Tanglin should not hear the noise as it's blocked by the side facing MRT and lower than 25th. floor, noise from Alexandra road also blocked.
No bath-tub? for family without babies, it's actually better as it has bigger shower which most family members even children will enjoy !
Jumbo elephant
06-10-08, 13:22
Yes, I mean sky-terrace, fantastic place to enjoy a view when resident wants it, like watching fireworks in Sentosa :-)
Let's just look at the facts, that Tanglin View/Regency is 99 years lease like Metropolitan and it's been more than 5-years old and still can fetch $900-1000 psf. So Metropolitan is new so don't you think it should be at least the same and as time is money, being able to just walk to MRT within 3-minutes is 'a real luxury' esp. for profesional people and also family with school-aged children, no worries even when it's raining, and no time waste, it's something that modern family are looking for right ?
Noise from MRT ? for units facing MRT line, off course there is some noise, but facing Tanglin should not hear the noise as it's blocked by the side facing MRT and lower than 25th. floor, noise from Alexandra road also blocked.
No bath-tub? for family without babies, it's actually better as it has bigger shower which most family members even children will enjoy !
Wah, chr does sound like a potential buyer, or even owner or agent of Metro ! U mean u can see the fireworks at Sentosa at the sky garden in Metro ? Thought it'll be blocked by the taller HDB flats facing it..
I'm sure Tanglin Regency or Tanglin View have their own charm & advantages, that's why people are still willing to buy at such high prices and not choose the brand new Metro.
For me, I would choose neither projects and wait for property market to turn worse for more choices elsewhere. So long as any project is within walking distance to MRT station, it's fine with me. Gd exercise to walk to MRT station too. I do mind the MRT noise, would prefer projects next to underground MRT stations.
But I do love to have a bathtub at home to soak myself in after a hard day.
tie your neak
08-10-08, 07:46
All you losers talk so much cock also will not stop condo prices from falling.
Singapore will go into recession and all your properties will go under water.
Get a rope ready to tie around your neaks.
To all agents from different agencies.
Please Co-op, i know sales are getting very down.
No point coming here and vent frustration with
vulgarities and nonsense postings.
Thank you.
I'm quite shocked with the kind of reply i got when I tried to express my opinion.
I don't know if this is common in singapore, that people can be so rude when they're expressing their points.
Singapore as first world country or not will be seen thru what we say and what we do. Graciousness seems a very rare commodity here in Singapore.
My last comment is : Winning and losing is common in life and life goes on.
Being able to gracefully accept the other point of view is telling how mature is the person or the country is.
Thanks guys and good luck with your property in Singapore (I'm not an agent or property owner :-), so I'm not impacted hahaha.
I'm quite shocked with the kind of reply i got when I tried to express my opinion.
I don't know if this is common in singapore, that people can be so rude when they're expressing their points.
Singapore as first world country or not will be seen thru what we say and what we do. Graciousness seems a very rare commodity here in Singapore.
My last comment is : Winning and losing is common in life and life goes on.
Being able to gracefully accept the other point of view is telling how mature is the person or the country is.
Thanks guys and good luck with your property in Singapore (I'm not an agent or property owner :-), so I'm not impacted hahaha.
With current financial crisis and drop in property sales, sellers and agents are very sensitive to comments.
If you say something good about some other property esp if it is nearby, they have negative things to tell you.
If you say something bad about their properties, you get bombard.
You can't stop people from saying what they wanted. This is a forum, so be prepared to get negative feedbacks. It's part and parcel of life. It happens in Singapore and also in other parts of the world.
Unregisteredd
11-10-08, 15:28
With current financial crisis and drop in property sales, sellers and agents are very sensitive to comments.
If you say something good about some other property esp if it is nearby, they have negative things to tell you.
If you say something bad about their properties, you get bombard.
You can't stop people from saying what they wanted. This is a forum, so be prepared to get negative feedbacks. It's part and parcel of life. It happens in Singapore and also in other parts of the world.
Get lost lah.
Unregistered111
11-10-08, 15:31
With current financial crisis and drop in property sales, sellers and agents are very sensitive to comments.
If you say something good about some other property esp if it is nearby, they have negative things to tell you.
If you say something bad about their properties, you get bombard.
You can't stop people from saying what they wanted. This is a forum, so be prepared to get negative feedbacks. It's part and parcel of life. It happens in Singapore and also in other parts of the world.
Easy solution, shut the F U C K up
be careful
11-10-08, 15:39
I'm quite shocked with the kind of reply i got when I tried to express my opinion.
I don't know if this is common in singapore, that people can be so rude when they're expressing their points.
Singapore as first world country or not will be seen thru what we say and what we do. Graciousness seems a very rare commodity here in Singapore.
My last comment is : Winning and losing is common in life and life goes on.
Being able to gracefully accept the other point of view is telling how mature is the person or the country is.
Thanks guys and good luck with your property in Singapore (I'm not an agent or property owner :-), so I'm not impacted hahaha.
When you walk out of your home, watch out, if not you get knocked down and crashed by a lorry. Good luck.
u're watched
11-10-08, 15:45
When you walk out of your home, watch out, if not you get knocked down and crashed by a lorry. Good luck.
Wah. People here so violent. You got to be careful as well. Your god is watching your every move.
Wah. People here so violent. You got to be careful as well. Your god is watching your every move.
The next time you have dinner may you choke to death.
orange tee
11-10-08, 16:07
All property agents stop your nonsense postings please.
UnregĄstered
14-10-08, 17:32
All property agents stop your nonsense postings please.
Then what do we do?
UnregĄstered
16-10-08, 18:51
$1000psf for Metro units ? I agree this is crazy. Who will be willing to pay so much in the current property market which is softening ? Might as well pay slightly more to get a FH condo/ terrace house. No wonder the subsales transactions are getting lesser and lesser recently, sellers have yet to realise that buyers could only afford that much.
This is a D3 condo you are talking about.
Are you expecting it to be cheaper than DR in D14?
No right?
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!
Registered
17-10-08, 12:06
QUOTE: This is a D3 condo you are talking about.
Are you expecting it to be cheaper than DR in D14?
No right?
Quote:
Originally Posted by URA
Project Name ....... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Dakota Residences . RCR ........ 5 ............................... 1,073 ............. 983 .............. 947
Why was DR picked as a comparison? Why not any other district? Do u mean the lower the district, the higher the psf??
District 9,10,11,12 cost a lot higher.
District
UnregĄstered
18-10-08, 00:17
Why was DR picked as a comparison? Why not any other district? Do u mean the lower the district, the higher the psf??
District 9,10,11,12 cost a lot higher.
District
Err ... maybe compare with this 99-year-leasehold KR in D19?
D3 vs D19!
Private Residential Units Sold in the Month of September 2008
Project Name ..... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Kovan Residences . OCR ....... 4 ............................... 964 ................ 940 ............... 860
Wow!
KR has just broken August record high of $954psf with this new record high of $964psf.
Bravo!
Registered
21-10-08, 14:20
Err ... maybe compare with this 99-year-leasehold KR in D19?
D3 vs D19!
I dun get your point! D3 Vs D14 and now D3 Vs D19? Are you saying the higher D the lower or higher PSF? I am totally confused...
Pessimistic
21-10-08, 16:37
I dun get your point! D3 Vs D14 and now D3 Vs D19? Are you saying the higher D the lower or higher PSF? I am totally confused...
Ai ya, when the market crash, you will not have any fundamentals to talk about pricing. Even orchard condos will drop to 1000psf.
UnregĄstered
21-10-08, 17:20
Ai ya, when the market crash, you will not have any fundamentals to talk about pricing. Even orchard condos will drop to 1000psf.
Your "if" is not answering his question.
Have been observing the average selling price for Metropolitan for last 9 mths and seems that currently the average asking price has been dropping gradually to around $850 - $900 psf from $1000 psf. Looks like folks holding on to these units are getting the jitters with TOP drawing nearer. Seeing similar trend with Regency Suites, Beacon etc.
Looking at gloomy economic situation right now, which many think would worsened in the next 6 - 9 mths and likely to last 2 - 3 years or more, the prices would definitely fall much more steeply than the last couple of months. Even SM Lee said that it would take at least 3 to 5 years to recover.
Unless the current owners are able to rent at the current monthly rental rates, they would have to start digging into their pockets to top up the monthly mortgage. Example, taking from URA site, Q3 08 25th and median percentile $ rental psf pm for Tanglin Regency is $3.61 and $4.22 psf respectively, a Metropolitan 1076 sqft unit rental is likely to yield around $4K rental per mth, which is barely enough to cover the mortgage. If the economy is to continue heading south in the next couple of months, the buyer would be considered fortunate if he/she is able to fetch similar Q2 07 price which is $3.11 psf pm to $3.30 psf pm for 25th and median percentile rental pm. With the additional surpluses of condominium available in 2009 onwards plus gloomy economy, likely the rental $ psf pm would be lower than that. With all that taken into consideration, it would be very high chance that the buyer would need to top up from his own pocket to finance the mortgage.
To make things worst, banks would definitely ask the buyer to top up the difference if the current property valuation is lower that the price he/she paid for at the pt of purchase.
To sum up, it looks like a ticking time bomb waiting to explode in a matter of time.
I can't help but agree with your observation. The market is definitely going south. Hopefully it will not crash...Ouch...Those who bought during the launch can still breakeven at this point of time. But if they choose to wait for market to improve, it may take 2 years or more. With the TOP coming up very soon, well...anyone can guess what will happen.Those good old days of $900 to $1000 psf are gone. The most recent transaction of a 1033 sqft unit was at $682 psf!!! Still I think the seller was smart. If he was to hold on to the unit, he would definitely have lost more $$$. I think the current support level is $800. By next year, it may drop to $700.
Many people have lost a lot of money in the stock market. Big ticket items like cars and condo will have to wait indefinitely. They are of very low priority now.
The recession has yet to hit the man in the street, so the worst effect has yet to be seen. I predict the market will slow to a crawl if not a standstill next year. Jobs will be lost, expect salary freeze if not cut. Living day to day will be a struggle. Even after the recession ends, people will have to earn and save for a long long time before they are ready to consider buying cars and condo...Alas...the worst is yet to be...:-(
Correction
29-10-08, 15:49
I can't help but agree with your observation. The market is definitely going south. Hopefully it will not crash...Ouch...Those who bought during the launch can still breakeven at this point of time. But if they choose to wait for market to improve, it may take 2 years or more. With the TOP coming up very soon, well...anyone can guess what will happen.Those good old days of $900 to $1000 psf are gone. The most recent transaction of a 1033 sqft unit was at $682 psf!!! Still I think the seller was smart. If he was to hold on to the unit, he would definitely have lost more $$$. I think the current support level is $800. By next year, it may drop to $700.
Many people have lost a lot of money in the stock market. Big ticket items like cars and condo will have to wait indefinitely. They are of very low priority now.
The recession has yet to hit the man in the street, so the worst effect has yet to be seen. I predict the market will slow to a crawl if not a standstill next year. Jobs will be lost, expect salary freeze if not cut. Living day to day will be a struggle. Even after the recession ends, people will have to earn and save for a long long time before they are ready to consider buying cars and condo...Alas...the worst is yet to be...:-(
The $682psf transaction was the original purchase from the developer.
UnregĄstered
29-10-08, 15:50
Have been observing the average selling price for Metropolitan for last 9 mths and seems that currently the average asking price has been dropping gradually to around $850 - $900 psf from $1000 psf. Looks like folks holding on to these units are getting the jitters with TOP drawing nearer. Seeing similar trend with Regency Suites, Beacon etc.
Looking at gloomy economic situation right now, which many think would worsened in the next 6 - 9 mths and likely to last 2 - 3 years or more, the prices would definitely fall much more steeply than the last couple of months. Even SM Lee said that it would take at least 3 to 5 years to recover.
Unless the current owners are able to rent at the current monthly rental rates, they would have to start digging into their pockets to top up the monthly mortgage. Example, taking from URA site, Q3 08 25th and median percentile $ rental psf pm for Tanglin Regency is $3.61 and $4.22 psf respectively, a Metropolitan 1076 sqft unit rental is likely to yield around $4K rental per mth, which is barely enough to cover the mortgage. If the economy is to continue heading south in the next couple of months, the buyer would be considered fortunate if he/she is able to fetch similar Q2 07 price which is $3.11 psf pm to $3.30 psf pm for 25th and median percentile rental pm. With the additional surpluses of condominium available in 2009 onwards plus gloomy economy, likely the rental $ psf pm would be lower than that. With all that taken into consideration, it would be very high chance that the buyer would need to top up from his own pocket to finance the mortgage.
To make things worst, banks would definitely ask the buyer to top up the difference if the current property valuation is lower that the price he/she paid for at the pt of purchase.
To sum up, it looks like a ticking time bomb waiting to explode in a matter of time.
Bank will not aks you to top up lah.
Prof Lilian Ng (NBS, NTU)
29-10-08, 15:51
Ai ya, when the market crash, you will not have any fundamentals to talk about pricing. Even orchard condos will drop to 1000psf.
Are we near the kind of economic difficulty faced during the Great Depression? The US economy today is much stronger than it was in 1929 and the fundamentals are still pretty strong regardless of the crisis we're in.
If you look at the numbers, they are so dramatically different. GDP growth in the US is about 1% and I'm sure it will fall but it is nothing like the -27% during the Great Depression. Unemployment is about 6.1%, but during the Great Depression it was 25%.
Today's world is very different from the Great Depression period - there is greater linkage between fiscal policies and the economy than before and all policymakers are working together. So we are not even close to the level of difficulties faced then.
UnregĄstered
29-10-08, 15:52
Are we near the kind of economic difficulty faced during the Great Depression? The US economy today is much stronger than it was in 1929 and the fundamentals are still pretty strong regardless of the crisis we're in.
If you look at the numbers, they are so dramatically different. GDP growth in the US is about 1% and I'm sure it will fall but it is nothing like the -27% during the Great Depression. Unemployment is about 6.1%, but during the Great Depression it was 25%.
Today's world is very different from the Great Depression period - there is greater linkage between fiscal policies and the economy than before and all policymakers are working together. So we are not even close to the level of difficulties faced then.
So?
Don't be too happy lah!
Everyone is a loser here!
Only IRAS is the big winner who is smiling now!
http://sphreg.asiaone.com/RegAuth2/images/mainST(b).gif
Property sub-sales net $95m profits
Third-quarter showing still strong but market will soften soon: Experts
Fiona Chan
Property Reporter
Wednesday, 22 October 2008
http://www.thesailmarinabay.com/sail.jpg
Private home prices may have slid in the third quarter but the sub-sale market was still going strong.
Ninety-six per cent of owners who resold an uncompleted home between July and last month pocketed profits from the deals, according to new data by property consultancy Savills Singapore.
These transactions, officially known as sub-sales, occur when you buy a home and resell it before it is built. They are used as a proxy for property speculation because the owner resells the home without ever living in it.
Only 12 sub-sale transactions out of the 306 that Savills analysed in the quarter incurred a loss, amounting to just under $1 million of red ink. The rest made a total of $95.1 million in gains, Savills said.
This continues the trend in the first half of the year, when 97% of such deals turned in profits. But the profits seen in the third quarter were considerably narrower as home prices started softening more quickly.
Profitable sub-sellers made an average of $323,420 in the third quarter, but this was skewed upwards by a single large deal: a whopping $6.7 million profit from the sale of a 63rd-storey penthouse at The Sail @ Marina Bay.
Excluding this sale, the average gain was $301,784 - almost 40% lower than the average gain in the first half of the year. It works out to an average profit for each seller of about 30% over the purchase price.
Still, 'to be able to achieve such gains in a year when the property market has gone into a standstill is highly commendable', said Mr Ku Swee Yong, director of business development and marketing at Savills Singapore.
But in case would-be speculators become tempted by these gains, other consultants noted that the bulk of these deals probably occurred before the Sept 14 collapse of United States investment bank Lehman Brothers, which caused the financial crisis to take a sudden turn for the worse.
'The real estate market typically lags behind the stock market by six months or more, so we will probably start to see the real effect early next year,' said Mr Nicholas Mak, director of research and consultancy at Knight Frank.
'These profitable sub-sale transactions took place before the market hit the skids. It is extremely risky to go and speculate in the market right now.'
Most sellers who made a profit in the third quarter had originally bought their units in the last two years and benefited from the sharp run-up in prices in the period, said Mr Ku. While values have weakened somewhat this year, they are still generally higher than in 2006.
Sellers who held on to their units for a longer time before reselling them in the third quarter made more gains, Savills' data showed. Even those who had bought a unit as late as this year and offloaded it in the third quarter made an average gain of $98,600.
If they had sold the unit in the first half of the year, however, they would probably have doubled their gain.
The biggest profits of more than $1 million each were for units at The Sail @ Marina Bay, St Regis Residences and Cairnhill Residences.
On the flip side, sub-sale losses for the quarter averaged $76,820 for each loss-making deal. A unit at Watermark Robertson Quay chalked up the biggest loss of $207,552, while units at Soleil @ Sinaran, 8 @ Mt Sophia and One Amber were also sold at losses of more than $100,000 each.
All the losses were for units that had been bought last year or this year, according to Savills' data. Sub-sellers who had bought their units at the peak of property fever, between June and September last year, bled the most.
'In any case, there are always desperate sale cases even during good times,' Mr Ku noted.
The Sail @ Marina Bay had the largest number of sub-sales in the quarter - 19 - with each deal netting its seller an average profit of $1.1 million. There was one loss, of $62,890, for a second-floor unit.
Other projects with more than 10 sub-sales included Parc Emily in Dhoby Ghaut, Park Infinia at Wee Nam, Riveredge in Tanjong Rhu and The Esta in Marine Parade.
But the profits were not just confined to developments in the prime districts.
At Casa Merah in Tanah Merah, 10 sub-sales yielded an average profit of $100,351, while Atrium Residences in Geylang saw four sub-sales with an average gain of $54,556.
The $682psf transaction was the original purchase from the developer.
I am not too sure abt that! $682 from developer??
1)Why would the caveat be filed 2 years after it was bought? Very strange...
Very fishy...
2)Unless the website listing the transaction was wrong, it was clearly
stated "RESALE"! Contract Date: Oct 2008!
I could only sensed Denial...
Bank will not aks you to top up lah.
His point is THIS:
Unless the current owners are able to RENT at the current monthly rental rates, they would have to start digging into their pockets to top up the monthly mortgage... A Metropolitan 1076 sqft unit rental is likely to yield around $4K rental per mth, which is barely enough to cover the mortgage... With the additional surpluses of condominium available in 2009 onwards plus gloomy economy, likely the rental $ psf pm would be lower than that. With all that taken into consideration, it would be very high chance that the buyer would need to top up from his own pocket to finance the mortgage.
I totally agree on the above point.
But:
To make things worst, banks would definitely ask the buyer to top up the difference if the current property valuation is lower that the price he/she paid for at the pt of purchase.
I am not so sure about this. But I doubt the bank will ask owner to top up the difference...(speaking with caution).
To sum up, it looks like a ticking time bomb waiting to explode in a matter of time.
This, I agree too...
[QUOTE=Prof Lilian Ng (NBS, NTU)]Are we near the kind of economic difficulty faced during the Great Depression? The US economy today is much stronger than it was in 1929 and the fundamentals are still pretty strong regardless of the crisis we're in.
US economy today is indeed stronger, but so are the fear factor. The psychological effect is something you can't control. Numbers and figures dont have much effect over fears...
"If you look at the numbers, they are so dramatically different. GDP growth in the US is about 1% and I'm sure it will fall but it is nothing like the -27% during the Great Depression. Unemployment is about 6.1%, but during the Great Depression it was 25%."
It is hard to tell the future. Like I said, The Worst Is Yet To Be. It has not hit the man in the street hard enough yet. Only time can tell...(With respect)
His point is THIS:
But:
To make things worst, banks would definitely ask the buyer to top up the difference if the current property valuation is lower that the price he/she paid for at the pt of purchase.
I am not so sure about this. But I doubt the bank will ask owner to top up the difference...(speaking with caution).
To sum up, it looks like a ticking time bomb waiting to explode in a matter of time.
This, I agree too...
You will be in for a surprise my friend. Banks are not your friend. They are money making business.
If your current outstanding loan is higher than the valuation of the property, YOU NEED TO TOP IT UP WITH CASH.
That is why those who bought high are at risk if the property price drops by a high %. You can get bankrupt bcause of this if you can't top it up.
UnregĄstered
30-10-08, 19:27
You will be in for a surprise my friend. Banks are not your friend. They are money making business.
If your current outstanding loan is higher than the valuation of the property, YOU NEED TO TOP IT UP WITH CASH.
That is why those who bought high are at risk if the property price drops by a high %. You can get bankrupt bcause of this if you can't top it up.
By the way, valuations have just went up a little.
The $682psf transaction was the original purchase from the developer.
I am not too sure abt that! $682 from developer??
1)Why would the caveat be filed 2 years after it was bought? Very strange...
Very fishy...
2)Unless the website listing the transaction was wrong, it was clearly
stated "RESALE"! Contract Date: Oct 2008!
I could only sensed Denial...
Why would these folks buy Livia when The Metro is selling at the same price?
Private Residential Units Sold in the Month of September 2008
Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Livia ................. OCR ....... 9 ............................... 702 ................ 677 ............... 646
UnregĄstered
30-10-08, 19:55
Why would these folks buy Livia when The Metro is selling at the same price?
Why?
... cos' DaZZled is a conman telling a lie here ...
If your current outstanding loan is higher than the valuation of the property, YOU NEED TO TOP IT UP WITH CASH.
That is why those who bought high are at risk if the property price drops by a high %. You can get bankrupt bcause of this if you can't top it up.[/QUOTE]
Thanks for info...
Why would these folks buy Livia when The Metro is selling at the same price?
There are thousands and one reasons...Price is only one factor
Why?
... cos' DaZZled is a conman telling a lie here ...
There is no need to resort to name calling. Just go and chk up www.nationproperty.sg
mortgage rule
30-10-08, 21:28
You will be in for a surprise my friend. Banks are not your friend. They are money making business.
If your current outstanding loan is higher than the valuation of the property, YOU NEED TO TOP IT UP WITH CASH.
That is why those who bought high are at risk if the property price drops by a high %. You can get bankrupt bcause of this if you can't top it up.
This is something which Bank don't explain to you when you take up the mortgage. It is important for buyers to do research and ask around. Many people I spoke to who have bank mortgage do not know of this rule.
UnregĄstered
30-10-08, 22:32
There is no need to resort to name calling. Just go and chk up www.nationproperty.sg
"I could only sensed Denial..."
What?
There is no need to resort to name calling. Just look at the Livia URA transaction.
If The Metro is selling at the same price as Livia, why are so many buying Livia?
Your thousand reasons are these buyers are stupid.
There is one more reason.
There must be a conman here.
Why would these folks buy Livia when The Metro is selling at the same price?
Because DaZZle conned them into buying. Ha ha ha!
"I could only sensed Denial..."
What?
There is no need to resort to name calling. Just look at the Livia URA transaction.
If The Metro is selling at the same price as Livia, why are so many buying Livia?
Your thousand reasons are these buyers are stupid.
There is one more reason.
There must be a conman here.
Come out Novena dumbass, come out... stop hiding here :D
u r the crazy nut that goes around contaminating the forum with your nonsense
Come out Novena dumbass, come out... stop hiding here :D
Unregistered2
31-10-08, 14:53
Regarding the top up for loan above valuation, I heard from my father in-law he know of people who was asked to do so at the time when the Regent Heights 3+1 unit he bought tumbled from $765K to to $550K. FYI, the lowest rental he received for that unit was ~ $1700/month during 2004 to 2005 period. His studio unit at Harbor View only yield a rental of ~ $1400/month for same period.
Unregistered2
31-10-08, 15:06
Found this discussion on a forum regarding the topping up, seems true when there is a "negative equity". See details in following website: http://forum.channelnewsasia.com/viewtopic.php?p=2308864&sid=3401dbded0a4094fcc3076b5da87baee
UnregĄstered
31-10-08, 16:12
Found this discussion on a forum regarding the topping up, seems true when there is a "negative equity". See details in following website: http://forum.channelnewsasia.com/viewtopic.php?p=2308864&sid=3401dbded0a4094fcc3076b5da87baee
As per the forum discussion, it is not true when there is a "negative equity".
Hi,
I have asked my bank whether will they force me to pay the difference when my property valuation goes down say from 500k to 200k, a diff. of 300k. My banker says in theory, yes but so far, they have not done so but I will need to fulfill my monthly loan obligation.
Can anyone help to verify whether the bank can do that. thanks.
The key issue is how much you owe the bank. If you owe the bank $150K, and the property valuation goes down to $200K, you still have enough value in the collateral to cover the loan.
If you owe the bank $400k and the property valuation goes down to $200K, then your collateral is not enough to cover the loan and the Bank has the right to call for a top up of collateral.
However, in practice, for long term loans such as housing loans, most banks would not call for additional collateral so long as you can service your monthly loan obligation. That is the advantage of long term loans.
Do watch out for your credit record though as the Banks monitor it through the Credit Bureau. So if you default on your credit cards payment thereby affecting your credit score adversely, the Bank would be alerted and would review all your credit facilities, including your housing loan. One default in one credit or loan could trigger a review / recall of all loans.
Take care.
RegĄstered
31-10-08, 16:12
As per the forum discussion, it is not true when there is a "negative equity".
So we must go for long-term loan lah!
So we must go for long-term loan lah!
Aiyah! Buy with as much cash as possible lah.
This is first-world cash-rich Singapore. Please lah! Don't always depends on loan.
PropertiesHunter
20-11-08, 13:32
As long as your loan balance is NOT lower than the property valuation price at current. You are NOT call on by Bank to TOP up or you should say lower your loan balance. In this case Local bank are more relax than foreign bank. If you are call by them to drink coffee, all you need is provide your strong saving statement or CPF OA + SA account (2nd property must always be above 52K).
So another word do not pay down your loan fast in order to capitalise on low interest mortgage loan. Reserve more opportunity funds (Cash or CPF OA) do buy somemore at another 15% -20% down.
Although many say is bottom, but I think wait for bottom bottom.
Is my own opinion, please do NOT get agigated.
I am looking to buy Metropolitan 2brm 775sf (no low floor). If you have such units, appreciate if you can send me a private email <
[email protected]>.
PropertiesHunter
02-04-09, 15:48
Looking for stack 3 1066sqft any floor below 820psf last done on Mar 09 in same stack is 800psf. Can PM me
Looking for stack 3 1066sqft any floor below 820psf last done on Mar 09 in same stack is 800psf. Can PM me
Hi, my guess is that its the original price that the owner purchase 3yrs ago and is only now lodging the caveat. This is usual for projects under deferred payment schemes as owners will only lodge the caveats near TOP. I understand that this project will TOP in June/July 09.
Quite interested in getting a small unit at M, what is the best stack and price ? thanks
Quite interested in getting a small unit at M, what is the best stack and price ? thanks
For the 2bdrm, there is the 700+sqft and the 1000+sqft kind. The best stack for the 700+sqft kind is stack 4 and the best stack for the 1000+sqft is stack 3. Both are facing the tanglin good class bungalow. There are only 11 of each of these units, from 17flr to 29 flr (22-23 flr is the sky garden). The remaining floors are the 1700+sqft types. The stack facing Tanglin are going at $900 to $1000psf. This is consistent with the Ascentia Sky which will be launch in the second half of this year starting at $1000+psf.
Hi, my guess is that its the original price that the owner purchase 3yrs ago and is only now lodging the caveat. This is usual for projects under deferred payment schemes as owners will only lodge the caveats near TOP. I understand that this project will TOP in June/July 09.
Is this the case - For deferred payment schemes, owners will only lodge the caveats near TOP? I thought as long as the option balance 15% is made, the caveats will be lodged?
For the 2bdrm, there is the 700+sqft and the 1000+sqft kind. The best stack for the 700+sqft kind is stack 4 and the best stack for the 1000+sqft is stack 3. Both are facing the tanglin good class bungalow. There are only 11 of each of these units, from 17flr to 29 flr (22-23 flr is the sky garden). The remaining floors are the 1700+sqft types. The stack facing Tanglin are going at $900 to $1000psf. This is consistent with the Ascentia Sky which will be launch in the second half of this year starting at $1000+psf.
I agree that for those stack facing tanglin will be a good buy at below $850psf as long as Ascentia Sky is launch at $1000+psf. In addition, it is CapitaLand Vs WingTai property - Who has a better name in terms of finishing and quality?
proud owner
06-04-09, 12:16
I agree that for those stack facing tanglin will be a good buy at below $850psf as long as Ascentia Sky is launch at $1000+psf. In addition, it is CapitaLand Vs WingTai property - Who has a better name in terms of finishing and quality?
check the floor plan for layout also lah ...
so what if it is CDL / WingTAi is the unit is Triangle shape ? or have toilet facing main door etc ..
its a lot to look out for ... layout , facing, etc
i dont believe in whatever neighbour selling at 1000 psf so you must be at par or close to it ...
over the years i have seen too many cases of huge price differences between 2 neighbouring projects ... even between FH and 99 yr...
check the floor plan for layout also lah ...
so what if it is CDL / WingTAi is the unit is Triangle shape ? or have toilet facing main door etc ..
its a lot to look out for ... layout , facing, etc
i dont believe in whatever neighbour selling at 1000 psf so you must be at par or close to it ...
over the years i have seen too many cases of huge price differences between 2 neighbouring projects ... even between FH and 99 yr...
I agree on the point that "neighbour selling at 1000psf, you need not be at par or close to it". That's why I say at Metropolitan, those units facing tanglin at below $850psf is a good buy. It is not near $1000psf, facing is fine and layout is consider not bad.
However, in terms of finishing, try comparing between developers. You can ask around those with property more that 5 years old to check how is the quality of the unit after five years. There is a reason behind choose a better developer for better finishing and less problem after 5 years of stay (Look at the key word - "Less problem").
going by since March deals
psf ranges from 782 to 939
so correct level to me around 870-880 psf
going by since March deals
psf ranges from 782 to 939
so correct level to me around 870-880 psf
This will need to depend on the unit size, upper or lower floor, facing.
Stack 04 very high floor premium 2br at Metropolitan for sale. TOP in June. asking price $850K. Interested pls call me at 9787 77701
732sf - sorry my contact number is 9787 7701
Noticed that the MRT track is running through the condo premise. Will the condo value be affected?
Anyone knows if they have plans to block up the MRT Track?
Stack 04 very high floor premium 2br at Metropolitan for sale. TOP in June. asking price $850K. Interested pls call me at 9787 77701
$850k is way overpriced! Most this is only worth $700 psf, assuming this faces orchard rd. $1110 psf, is daylight robbery. Only a fool would buy at this price :scared-4:
$850k is way overpriced! Most this is only worth $700 psf, assuming this faces orchard rd. $1110 psf, is daylight robbery. Only a fool would buy at this price :scared-4:
I think the launch price for that unit size is around $850 to $1K psf and you cannot buy that as it is to be purchased with the unit next door. In addition, there are only 14 such units and this unit is supposed to be on the higher floor. So the seller is asking for around $100psf profit. Depending on how you look at it, if market goes up further, then this asking price may be reasonable. However, under current situation, I don't find it realistic. Maybe $950 to $1050 psf still reasonable.
Actually i dont like the way you put it "Daylight Robbery"! This is what other sellers is selling lower floor asking for $1000 to $1100psf! I did not force you to buy. This is what i am looking at! To buy or not is up to you! In the first place, i am not in a hurry to sell!
Actually i dont like the way you put it "Daylight Robbery"! This is what other sellers is selling lower floor asking for $1000 to $1100psf! I did not force you to buy. This is what i am looking at! To buy or not is up to you! In the first place, i am not in a hurry to sell!
Well, I didnt force you to read my post either. And for those who are not in need to get a place to stay, I see no reason why this should be worth $1,100 psf and imo is akin to daylight robbery. Might as well buy those Freehold Condos at Tiong Baru area like Twin Regency vs 99LH.
End of the day, you have a right to ask, but buyers also have a right to offer and reject your price. Remember, your unit is not the only house in Singapore. So in terms of negotiation, we are the one with cash and its now a buyer's market. Regardless of what the media is potraying. If you are not in a rush to sell, then might as well keep it and wait for Ascentia Sky to be launched first and see if you can sell at $1,100 psf :D
Whether its for investment or for own stay, it doesnt make sense to buy at $1100 psf since with the inpending supply glut in 2010-2011, if I'm buying:-
1) for investment, buy Ascentia Sky and wait for the project to TOP in time for market recovery or
2) for own stay, I will rent instead since there are plenty of choices available, both new and old units.
Why would i want to pay $1,100 psf and pass the profits to you and then subsidise my tenants since I will have to compete to find a reducing number of tenants.
If you are a first hand buyer, then you probably wouldnt need to subsidise the tenant and thus will not be in hurry to sell since yield will be decent anyway. But if you bought sub-sale.....all the best.
PS: My post is not meant to please you, but to warn people that prices, esp in the past 4 weeks, has risen without justifications at all. So I cant help you if you dislike my usage of `Daylight Robbery'.
Well, I didnt force you to read my post either. And for those who are not in need to get a place to stay, I see no reason why this should be worth $1,100 psf and imo is akin to daylight robbery. Might as well buy those Freehold Condos at Tiong Baru area like Twin Regency vs 99LH.
End of the day, you have a right to ask, but buyers also have a right to offer and reject your price. Remember, your unit is not the only house in Singapore. So in terms of negotiation, we are the one with cash and its now a buyer's market. Regardless of what the media is potraying. If you are not in a rush to sell, then might as well keep it and wait for Ascentia Sky to be launched first and see if you can sell at $1,100 psf :D
Whether its for investment or for own stay, it doesnt make sense to buy at $1100 psf since with the inpending supply glut in 2010-2011, if I'm buying:-
1) for investment, buy Ascentia Sky and wait for the project to TOP in time for market recovery or
2) for own stay, I will rent instead since there are plenty of choices available, both new and old units.
Why would i want to pay $1,100 psf and pass the profits to you and then subsidise my tenants since I will have to compete to find a reducing number of tenants.
If you are a first hand buyer, then you probably wouldnt need to subsidise the tenant and thus will not be in hurry to sell since yield will be decent anyway. But if you bought sub-sale.....all the best.
PS: My post is not meant to please you, but to warn people that prices, esp in the past 4 weeks, has risen without justifications at all. So I cant help you if you dislike my usage of `Daylight Robbery'.
Hi HP,
Sorry to hijack and off thread a bit on the above... Just like to ask: if A.Sky is really launching at $1,000-$1,100 psf, do you, in your opinion, seriously think that it's worth the deal? A 2 bedder would cost 1 Mil and up while Alexis sellers may probably be willing to offload theirs at same price for a Freehold status... A 3 bedder in AS would probably ask for 1.5-1.8 mil. A stone throw away at the entrance of RV (after delta house) the projects there are going at 1100-1200 psf (as witnessed by RV Suites and Mercury) and these are Freehold. To top it up, there are tons of FH condos in the same stretch. 3 bedder 1.5-1.8 Mil who is gonna buy even after you stayed for 2-3 years and try to sell; assuming the market had recovered by then... Is A.Sky really a lucarative option from an investment view? What's your POV?
Hi HP,
Sorry to hijack and off thread a bit on the above... Just like to ask: if A.Sky is really launching at $1,000-$1,100 psf, do you, in your opinion, seriously think that it's worth the deal? A 2 bedder would cost 1 Mil and up while Alexis sellers may probably be willing to offload theirs at same price for a Freehold status... A 3 bedder in AS would probably ask for 1.5-1.8 mil. A stone throw away at the entrance of RV (after delta house) the projects there are going at 1100-1200 psf (as witnessed by RV Suites and Mercury) and these are Freehold. To top it up, there are tons of FH condos in the same stretch. 3 bedder 1.5-1.8 Mil who is gonna buy even after you stayed for 2-3 years and try to sell; assuming the market had recovered by then... Is A.Sky really a lucarative option from an investment view? What's your POV?
No worries. My comparison with A.Sky was only in reference to earlier postings that stated it maybe launched at around $1k psf. I really have no better information since I'm not the CEO of Wingtai. And its only because its meant to compare with Metropolitan. From an investment POV, I prefer to stick to Districts 1,9,10,11, and sentosa area...old school thinking.
I remember when Queens was launched back in the 90s. A lot of my friends think its a great project. Unfortunately it TOP after the financial crisis and only recently during the recent market bull-run did it managed to breakeven. And now, it has to compete with numerous newer condos that are located near to MRT: Meraprime, Metropolitan, A.Sky etc and yet its older by at least 10yr. Imo, these are only good for own stay, not investment grade properties.
good advice .... yes, some people can hold now, but with the loads of supply coming till 2011 .... there will be selling pressure. ....
Well, I didnt force you to read my post either. And for those who are not in need to get a place to stay, I see no reason why this should be worth $1,100 psf and imo is akin to daylight robbery. Might as well buy those Freehold Condos at Tiong Baru area like Twin Regency vs 99LH.
End of the day, you have a right to ask, but buyers also have a right to offer and reject your price. Remember, your unit is not the only house in Singapore. So in terms of negotiation, we are the one with cash and its now a buyer's market. Regardless of what the media is potraying. If you are not in a rush to sell, then might as well keep it and wait for Ascentia Sky to be launched first and see if you can sell at $1,100 psf :D
Whether its for investment or for own stay, it doesnt make sense to buy at $1100 psf since with the inpending supply glut in 2010-2011, if I'm buying:-
1) for investment, buy Ascentia Sky and wait for the project to TOP in time for market recovery or
2) for own stay, I will rent instead since there are plenty of choices available, both new and old units.
Why would i want to pay $1,100 psf and pass the profits to you and then subsidise my tenants since I will have to compete to find a reducing number of tenants.
If you are a first hand buyer, then you probably wouldnt need to subsidise the tenant and thus will not be in hurry to sell since yield will be decent anyway. But if you bought sub-sale.....all the best.
PS: My post is not meant to please you, but to warn people that prices, esp in the past 4 weeks, has risen without justifications at all. So I cant help you if you dislike my usage of `Daylight Robbery'.
good advice .... yes, some people can hold now, but with the loads of supply coming till 2011 .... there will be selling pressure. ....
Can you quote example where the supply coming from? What is the possible launching price of the loads of supply?
do you not read the news ... "http://www.asiaone.com/Business/Story/A1Story20080727-79020.html".
Can you quote example where the supply coming from? What is the possible launching price of the loads of supply?
Wow in this case I should thank u on behalf of all buyers. So what if I m cash rich to hold on to my properties n not in any keen to sell if the px is not up to my expectation. If everyone think like u, then there will b no buyer who is willing to fork out for a premium unit. I would think it is more important to buy a place u like n enjoy staying than to sting on the price. If this is so then go n buy stack 01 or 02 cheap n everyday hear the mrt noise!
If it wat u say worth $700psf, get as many units as possible for me! I make sure I get it all from u! Anyway if I m willing to sell at 1000psf many people queuing!
Probably u r interested in buying a unit at Metro. By condeming the price hoping some sellers will dump their units n u get a steal out of it. This is called sour grape!
Property_Owner
02-06-09, 20:32
Probably u r interested in buying a unit at Metro. By condeming the price hoping some sellers will dump their units n u get a steal out of it. This is called sour grape!
Relax bro. In this forum is like that. All the properties not good. Sure have something to condemn. Just take it as a way for them to let go their Frustrations loh.
Who can name which is the best condo in Singapore? All stacks unblock view, no west sun, no road noise, no heavy traffic, no wasted spaces(bay window/planters), no bad fengshui, and most importantly! At the price of 1980s.
Yup, this post sure kena suay again. But tonight still :spliff: and :cheers6:and :sleep:.
Probably u r interested in buying a unit at Metro. By condeming the price hoping some sellers will dump their units n u get a steal out of it. This is called sour grape!
Dun worry, this condo doesn't interest me the least bit. First its not freehold/ 999LH, and secondly its not in a location which I consider blue-chip. Nothing to sour grape about. I have sold off all my properties by early 2008 save for 3 properties in D9/10. 1 own stay, 1 each for both my sons. I'm thus still on a lookout for good properties at a good price. And at $1100 psf, its definitely not worth it at all. At $1,100 or less, one can easily pick up Marbella for instance. Metro? Not even if its $700, let alone $1,100 psf.
There could be suckers out there to line your wallets, but it certainly wouldnt be from me.
Btw, you dun sound like a `bro', no offence, but you sound like how a woman typically (not all woman though) will argue a case.
thomastansb
02-06-09, 22:20
Don't argue lah.. Willing buyer, happy seller mah.. 1100psf? Haha. We know it's a joke but who cares. If got idiot buy at 2500psf, better for the seller mah. I don't mind if anyone match my asking price of 4k psf for my Sail.
I will go straight for Twin Regency / Regency Suite. Redhill location is good but TB is much better. Anyway, banks only offer 800+ psf for their valuation. The remaining 300psf you have to fork out yourself. Assuming 775 sqft, you need about 200k cash + 20% downpayment lor. Don't forget, some freehold at river valley/LH tanjong rhu selling around 900+ only. But again, willing buyer, happy seller.
such strong reaction. Good for you if you manage to sell at this price.
:cool: :cool: :cool:
If it wat u say worth $700psf, get as many units as possible for me! I make sure I get it all from u! Anyway if I m willing to sell at 1000psf many people queuing!
Thanks cadenza n Thomastansb...u guys sounds decent n human talk. Let's b more gracious n don't wish to act like some crazy people go around n bark n boast about their wealth! My grandpa days real rich people don't need to tell, only those with little dollar will go around n talk big!!!
There could be suckers out there to line your wallets, but it certainly wouldnt be from me.
Btw, you dun sound like a `bro', no offence, but you sound like how a woman typically (not all woman though) will argue a case.
ya.. is like a dead giveaway ~ hehe :D
ya.. is like a dead giveaway ~ hehe :D
hahaha, usually i dun really laugh at such things, but this just bro/ sis thingy stands out like a sore thumb that I wanted to point it.
Anyway, bak to topic.
PropertiesHunter
03-06-09, 11:07
If you want to BUY metropolitan, you are arriving at a wrong timing. TOP time of all development is always the highest. You should have come 6 months ago or maybe you does but keep on lowering your price then.
There is many stronghold owner in Singapore. The only way you stand a chance in getting TOP project is after 3 mths onward. The weak link will appear that they cannot Rent at time running out or sell at their desire price. Keep a look with some agents who are expert on the projects and set your reasonable target price. Work with bank mortgauge specialist as and when so you would not miss when time arise.
I did not mention only Metro, it does happen on TOP projects.
My 2 cents worth of contribution you may defer.
Am looking for 2BR units at metro. Pls PM for PSF price?
Heard that Metropolitan just TOP on thursday (4 jun)
do you not read the news ... "http://www.asiaone.com/Business/Story/A1Story20080727-79020.html".
My goodness, what you are quoting is last year news. And based on the fact of the news, this year pte housing price should go down even further. Now is already Jun 2009 with many supplies going to TOP. May I ask if you are seeing prices going down?
Heard that Metropolitan just TOP on thursday (4 jun)
It has TOP. But exact date not sure. I believe the developer is now serving the notice of TOP to the lawyer.
out of curiousity went to see The Metro
it has TOPed
Comments :
1. TOP is the worst time to buy. Prices being asked so ridiculous now. A lot of em asking 1100 psf
2. Build quality is rather poor. For this price, u get not even marble flooring. The layout is poor. Most kitchens dont have proper place for sitting the fridge. The cabinets are all dullish coloured.
3. The gym is very small. The pool is amazingly small.
4. Those facing the HDB - asking price is like 900 psf now is pretty noisy. The MRT noise is not so funny.
5. Those facing the Tanglin side - the bedrooms gets noon sun at an angle.
FINAL CONCLUSION : AVOID AT THIS PRICE Broker said units switching hands ard 1000 psf - till we see the caveats it is hear say.
Over next 3 years if there is decline like 20pct may consider.
out of curiousity went to see The Metro
it has TOPed
Comments :
1. TOP is the worst time to buy. Prices being asked so ridiculous now. A lot of em asking 1100 psf
2. Build quality is rather poor. For this price, u get not even marble flooring. The layout is poor. Most kitchens dont have proper place for sitting the fridge. The cabinets are all dullish coloured.
3. The gym is very small. The pool is amazingly small.
4. Those facing the HDB - asking price is like 900 psf now is pretty noisy. The MRT noise is not so funny.
5. Those facing the Tanglin side - the bedrooms gets noon sun at an angle.
FINAL CONCLUSION : AVOID AT THIS PRICE Broker said units switching hands ard 1000 psf - till we see the caveats it is hear say.
Over next 3 years if there is decline like 20pct may consider.
this is true ~
market has picked up in the last few weeks, at a frenetic pace in fact ...
This place is worth at most $700+psf. To the south, MRT track noise. To the North, adjacent to Utility & Religious instituition :doh: LH pty surrounded by HDB. It is better value getting Central Grove besides Aljunied MRT. MRT travel time to city is the same. Best thing is it cost only around $600psf.
propertyguru
20-06-09, 06:59
Don't know about finishings, views, etc, but was coming around the bend near Metro and noticed that the condo is very exposed to the public eye. Not sure if they are going to fence up the area eventually, but at the moment, anybody can look in. Kinda feel the condo is too near the main road; lack of exclusivity about the place.
With that said, it's super near the MRT station, so noise notwithstanding, it's a very convenient location and near to Orchard as well. I guess it's a trade off.
out of curiousity went to see The Metro
it has TOPed
Comments :
1. TOP is the worst time to buy. Prices being asked so ridiculous now. A lot of em asking 1100 psf
FINAL CONCLUSION : AVOID AT THIS PRICE Broker said units switching hands ard 1000 psf - till we see the caveats it is hear say.
Over next 3 years if there is decline like 20pct may consider.
The TOP part is partly true, the other part is the current market price already moved upwards. However, if you are intended to stay around that area (Within 2-3KM), there are no other new developments selling cheaper than $1000psf. This could be the reason for the high asking price especially with the coming launch from AS. Reasonsable price in the current market should be $850-900psf depending on facing and size.
plenty of viewings available these few days
for myself, I think I will go nuts listening to the MRT noise and next the dirt and noise when A.Sky is built over next two years
convenience of next to MRT is simply not good enuf to overcome the setbacks
its one of the worst projects in my opinion
the MRT track actuallys goes rite thru, where the kiddie wadding pool is
its a joke that people are asking these prices - suckers are born each day :hell-hath-no-fury:
plenty of viewings available these few days
for myself, I think I will go nuts listening to the MRT noise and next the dirt and noise when A.Sky is built over next two years
convenience of next to MRT is simply not good enuf to overcome the setbacks
its one of the worst projects in my opinion
the MRT track actuallys goes rite thru, where the kiddie wadding pool is
its a joke that people are asking these prices - suckers are born each day :hell-hath-no-fury:
Just thought of this. Since ownership of a Landed pty includes the airspace above the land, does ownership of a unit at a condo includes joint ownership with other condo owners of the land of the condo? If so, if the tracks go thru the project, who owns the part of the mrt track above the grounds of the condo? Anybody has knowledge of this? Pls advise. Tks :)
plenty of viewings available these few days
for myself, I think I will go nuts listening to the MRT noise and next the dirt and noise when A.Sky is built over next two years
i work around this area, totally agreed with u...1st train starts at what time? the residents will wake up the same time as well :doh:
bargain hunter
22-06-09, 15:35
i agree. my friend viewed a >#40 unit. he said asking price 1000 to 1100psf. i said, hey, that's prime district prices, not 99 year leasehold, can hear mrt even at >#40 kind of prices. good view of sea and sentosa but err...its just a port view isn't it? and in between all you see are blocks and blocks of hdb. indeed, A.Sky construction going to be noisy as well. not to mention there is a plot of land beside these 2 which is zoned for residential but has yet to be released for sale.
i wonder how relaxing it is to be dipping in the swimming pool and listen to the mrt go buy every few minutes. :doh:
plenty of viewings available these few days
for myself, I think I will go nuts listening to the MRT noise and next the dirt and noise when A.Sky is built over next two years
convenience of next to MRT is simply not good enuf to overcome the setbacks
its one of the worst projects in my opinion
the MRT track actuallys goes rite thru, where the kiddie wadding pool is
its a joke that people are asking these prices - suckers are born each day :hell-hath-no-fury:
Property_Owner
22-06-09, 15:54
i work around this area, totally agreed with u...1st train starts at what time? the residents will wake up the same time as well :doh:
Not forgetting sometimes in the middle of the night they do their line checking and maintenance.
stalingrad
22-06-09, 16:50
plenty of viewings available these few days
for myself, I think I will go nuts listening to the MRT noise and next the dirt and noise when A.Sky is built over next two years
convenience of next to MRT is simply not good enuf to overcome the setbacks
its one of the worst projects in my opinion
the MRT track actuallys goes rite thru, where the kiddie wadding pool is
its a joke that people are asking these prices - suckers are born each day :hell-hath-no-fury:
really, MRT track actualy goes above this project? It is just incredible. I don't think that there would be projects as bad as this one. I didn't believe that this was possible.
stalingrad
22-06-09, 17:04
residents have as much right as homeless people around the world to say "I live under a railroad track." How is that for someone who paid 1 plus million to pay to condo there?
It's true .. there was once I didn't drive but took a train to Tiong Bahru Plaza .. went past & saw a development coming up .. it has to be this one! Think most pp passing by would think OMG!?!
Though not directly running thru' but the track is indeed "above" as in v close-by ....
residents have as much right as homeless people around the world to say "I live under a railroad track." How is that for someone who paid 1 plus million to pay to condo there?
Just let market decide loh ... I also don't understand why people pay > 1kpsf in 99LH SouthBank rubbing shoulders with crowd from Golden Mile, one side is smelly hawker centre, two sides are noisy roads, and a smelly canal (river ?!). But willing buyer willing seller, I respect the market. IF really sucks, after TOP price will fall to more sustainable level. May be these condos appeal to singles/couples without children who work at city centre until past midnight, by the time they take a taxi home, no more MRT noise :sleep:
BTW, I know one guy renting an HDB flat room 10m from the MRT track .. unbearable noise for him.
i agree. my friend viewed a >#40 unit. he said asking price 1000 to 1100psf. i said, hey, that's prime district prices, not 99 year leasehold, can hear mrt even at >#40 kind of prices. good view of sea and sentosa but err...its just a port view isn't it? and in between all you see are blocks and blocks of hdb. indeed, A.Sky construction going to be noisy as well. not to mention there is a plot of land beside these 2 which is zoned for residential but has yet to be released for sale.
i wonder how relaxing it is to be dipping in the swimming pool and listen to the mrt go buy every few minutes. :doh:
above 40floor asking price is 1200 psf lah
a lot of brokers are saying hey A. Sky when built asking price could be like so and so high, so my Metro should sell this price so and so
A.Sky if I guess rite the land size is twice the size of Metro...Metro buyers at low price they are OK, they can sell to the unsuspecting
the pple that buy at these asking prices...ask yourself can you see 1500psf coming?
of course not lah
upside potential limited
downside potential to 700psf !:tsk-tsk:
why pple so dumb
if u like the place go buy Tanglin View, Queens, Anchorage, the Tiong Bahru new condos...why buy so high for so much risks
also noticed the developer chiak-ed the buyers
they got huge planter balconies
who is paying for this? the buyers lor
bargain hunter
23-06-09, 13:18
i don't even think 1200psf can be transacted, it just sounds so ridiculous.
the site area is about the same. in fact, A. Sky is 92,128 sq ft, Metro is 104,863 sq ft in land area. 346 units for A. Sky and 382 units for metropolitan so density is about the same. A. Sky can be built higher to 163m though, metro height capped at 153m.
above 40floor asking price is 1200 psf lah
a lot of brokers are saying hey A. Sky when built asking price could be like so and so high, so my Metro should sell this price so and so
A.Sky if I guess rite the land size is twice the size of Metro...Metro buyers at low price they are OK, they can sell to the unsuspecting
the pple that buy at these asking prices...ask yourself can you see 1500psf coming?
of course not lah
upside potential limited
downside potential to 700psf !:tsk-tsk:
i don't even think 1200psf can be transacted, it just sounds so ridiculous.
the site area is about the same. in fact, A. Sky is 92,128 sq ft, Metro is 104,863 sq ft in land area. 346 units for A. Sky and 382 units for metropolitan so density is about the same. A. Sky can be built higher to 163m though, metro height capped at 153m.
thanks for the info
agree
those that even buy 1000 psf are at risk of losing money
Sold mine slightly above $1000psf but heard some people sold even higher :banghead: hahaha
Seems like the trend now is the nearer to MRT (or maybe mrt track in some cases .. OMG!) the better ....
Else, how to explain this one > 1K psf when other FH projects around tiong bahru area selling for less? In fact, even a FH project (e.g. The Regency @ TB) also already appearing expensive (maybe cost less for being further away fr MRT, more tuck-in?) .. haiz.. talk about LH99 with a track hugging it!
bargain hunter
23-06-09, 19:30
i guess there may be some attributes in addition to distance from mrt which determines the psf:
1) some of the 2 bedroom units at metropolitan are really small at less than 800 sq ft, in comparison, the 3 regency series at tiong bahru are all easily 900+ to 980 sq ft.
2) some units at metropolitan indeed have sea/port/sentosa view. in comparison, 1 block of R@TB will be blocked by upcoming 40 storey hdb right behind it so no seaview for them.
3) because of recent completion for metro and nice "hot" timing now, prices get chased up at metro. the same might happen at R@TB when its completed but for now, interest is still low.
Seems like the trend now is the nearer to MRT (or maybe mrt track in some cases .. OMG!) the better ....
Else, how to explain this one > 1K psf when other FH projects around tiong bahru area selling for less? In fact, even a FH project (e.g. The Regency @ TB) also already appearing expensive (maybe cost less for being further away fr MRT, more tuck-in?) .. haiz.. talk about LH99 with a track hugging it!
i don't even think 1200psf can be transacted, it just sounds so ridiculous.
the site area is about the same. in fact, A. Sky is 92,128 sq ft, Metro is 104,863 sq ft in land area. 346 units for A. Sky and 382 units for metropolitan so density is about the same. A. Sky can be built higher to 163m though, metro height capped at 153m.
Pal where did u get the info on height capped at how many metres. Do u mind sharing? Tks :)
bargain hunter
24-06-09, 00:16
i had to go to the ura website and dig back their site launch info when ura launched the sites for sale to developers. it is stated then how big the land size is and how tall it can be built up to. i can't remember for metro its 2005 or 2006 archive and A. Sky is prob 2007 archive.
Pal where did u get the info on height capped at how many metres. Do u mind sharing? Tks :)
i guess there may be some attributes in addition to distance from mrt which determines the psf:
1) some of the 2 bedroom units at metropolitan are really small at less than 800 sq ft, in comparison, the 3 regency series at tiong bahru are all easily 900+ to 980 sq ft.
2) some units at metropolitan indeed have sea/port/sentosa view. in comparison, 1 block of R@TB will be blocked by upcoming 40 storey hdb right behind it so no seaview for them.
3) because of recent completion for metro and nice "hot" timing now, prices get chased up at metro. the same might happen at R@TB when its completed but for now, interest is still low.
oic ... hmmmm .. But R@TB is FH rite ... maybe it's less 'favourable' due to its proximity to CTE oso ...
yah, lol @ 'hot' timing ..
bargain hunter
24-06-09, 09:26
yup, i don't know why but many people are not differentiating between FH and 99 these days. Oh yeah, the block which is not blocked by the upcoming hdb is beside the CTE :D . BUT UOL did promise 270 degree view lah. So for that block beside CTE still have 270 degree view. that block which will have hdb blocking one side left 180 degree view :o
oic ... hmmmm .. But R@TB is FH rite ... maybe it's less 'favourable' due to its proximity to CTE oso ...
yah, lol @ 'hot' timing ..
i guess there may be some attributes in addition to distance from mrt which determines the psf:
1) some of the 2 bedroom units at metropolitan are really small at less than 800 sq ft, in comparison, the 3 regency series at tiong bahru are all easily 900+ to 980 sq ft.
2) some units at metropolitan indeed have sea/port/sentosa view. in comparison, 1 block of R@TB will be blocked by upcoming 40 storey hdb right behind it so no seaview for them.
3) because of recent completion for metro and nice "hot" timing now, prices get chased up at metro. the same might happen at R@TB when its completed but for now, interest is still low.
The reason for the price difference is the total cost for the unit.
Eg. Metro Samll 2 bedroom unit at 786 sqft unit at $1000psf is $786K. R@TB 980sqft unit at $1000psf is $980K. Due to the high quantum, many are not willing to commit above $850K, therefore, asking price of R@TB will be lower.
The reason for the price difference is the total cost for the unit.
Eg. Metro Samll 2 bedroom unit at 786 sqft unit at $1000psf is $786K. R@TB 980sqft unit at $1000psf is $980K. Due to the high quantum, many are not willing to commit above $850K, therefore, asking price of R@TB will be lower.
Agree with this. The buyers are sensitive to absolute quantum. This is the same why 99LH 2br 840sqft at 8@W can sell at > 800psf with absolute quantum btn 650-720k. You can also buy at 850psf for FH units at same area but those units are larger so you must fork out > 850k. The smaller the unit the higher the psf. Stuido at 8@W and SouthBank are transacting at > 1,000 psf.
Anyone had stepped into the completed units of metro? How's the mrt noise for the tangling facing units?
Anyone had stepped into the completed units of metro? How's the mrt noise for the tangling facing units?
I never notice the mrt noise at all for the units facing tanglin.
reckon you really have to go for a viewing of this "Madtropolitan" to get a overall feel of the surroundings and the property.
standing on the ground level near the children playground u will be subjected to noise of timely (thanks to "world-class" SMRT) arrivals and departures of the trains.
yes, you can feel the breeze but i bet half of those come from the bulleting trains.
and yes its quite a daunting task keeping the scores for a game of tennis.
finally yes, you might be in a "sound-proof" (subject to changes) gym but once u step out to the outside, welcome to Madtropolitan!
I went for one viewing of a high-floor unit(stack 1) and i promise u hardly hear anything from the trains below. But ask yourself do u really want to spend all your spare time hole up in your sky-view appartment?
just from my experience which i think is quite difficult to forget...
the quieter the surroundings especially say at nite, for sure the more pronounced the mrt noise will be..
kinda contradictory right? the noisier the surroundings the less obvious the mrt noise haha
bargain hunter
03-07-09, 00:51
then must buy metro liao. with construction of Ass censure Sai starting soon, the surroundings will be noisy enough so you won't hear the mrt noise :jump-for-joy:
the quieter the surroundings especially say at nite, for sure the more pronounced the mrt noise will be..
kinda contradictory right? the noisier the surroundings the less obvious the mrt noise haha
and yes its quite a daunting task keeping the scores for a game of tennis.
I used to play tennis opposite Yio Chu Kang Station. The place was always packed! I wonder why some many tennis player like to play opposite a MRT station? :rolleyes:
I agree with those people that highlight the sound from MRT. I was there last night at 10+. Every few mins there is a train to and fro. It is really disturbing. I was wondering how are the families at 2-6 floors facing the playground direct view MRT track going to cope? hmmm
proud owner
03-07-09, 14:27
I agree with those people that highlight the sound from MRT. I was there last night at 10+. Every few mins there is a train to and fro. It is really disturbing. I was wondering how are the families at 2-6 floors facing the playground direct view MRT track going to cope? hmmm
so cool .... every few minutes ...the view outside changes ... :doh:
I went to view a few units at The Metropolitan this weekend. Must say the high floors facing the north have impressive view and windy. As for the units facing the South, unless the units are super high enough to clear the HDB and MRT trembling noise, many will find them undesirable.
Finishing wise, living room flooring appears like homogeneous tiles to me. The construction quality appears reasonably good to my untrained eye although the material may not be the premium choice (like marble) but still tastfully designed.
I didn't see for myself but was told that MRT tracks actually run above the children's playground through the property. Mmmm...
I went to view a few units at The Metropolitan this weekend. Must say the high floors facing the north have impressive view and windy. As for the units facing the South, unless the units are super high enough to clear the HDB and MRT trembling noise, many will find them undesirable.
Finishing wise, living room flooring appears like homogeneous tiles to me. The construction quality appears reasonably good to my untrained eye although the material may not be the premium choice (like marble) but still tastfully designed.
I didn't see for myself but was told that MRT tracks actually run above the children's playground through the property. Mmmm...
Ya, you are right. The children playground are right under the MRT tracks. Metropolitan is the nearest to MRT condo in singapore.
How much is the asking psf?
Ya, you are right. The children playground are right under the MRT tracks. Metropolitan is the nearest to MRT condo in singapore.
How much is the asking psf?
Caspian certain block is also very near to mrt track.
Caspian certain block is also very near to mrt track.
near, but still not under.
Hi I am new here and find the discussion very interesting. I am actually quite keen on the Metro as it serves my family's needs quite well (near town and near MRT, we do not intend to get a car). We are now living overseas and plan to return early next year... just wondering if anyone can advise: how much psf is Metro asking now? we are interested in a large unit 3 or 4 BR...how much rent is Metro asking now?
Thanks for your help!
Hi I am new here and find the discussion very interesting. I am actually quite keen on the Metro as it serves my family's needs quite well (near town and near MRT, we do not intend to get a car). We are now living overseas and plan to return early next year... just wondering if anyone can advise: how much psf is Metro asking now? we are interested in a large unit 3 or 4 BR...how much rent is Metro asking now?
Thanks for your help!
I think the asking price is $900psf to $1100psf depending of stack and floor.
A low floor unit I viewed actually had a closeup view of the MRT tracks running across the bedroom window just metres away at eye level. Gosh, everyday, the MRT commuters can look closeup into that bedroom then.
proud owner
10-07-09, 23:42
A low floor unit I viewed actually had a closeup view of the MRT tracks running across the bedroom window just metres away at eye level. Gosh, everyday, the MRT commuters can look closeup into that bedroom then.
perfect for exhibitionist ...
market at 1200 psf quick .. not many units with this view .. in and out ...
people should seriously think again about Ascentia
seems after A Sky comes into the picture
the asking prices for Metro have weakened
which means not many flipping are successful
Metro's finishing is very poor for a project asking for 1100 psf +
it will return back to the 800s when market does correction
when, who knows! :doh:
seems after A Sky comes into the picture
the asking prices for Metro have weakened
which means not many flipping are successful
Metro's finishing is very poor for a project asking for 1100 psf +
it will return back to the 800s when market does correction
when, who knows! :doh:
i hv turned bearish from bullish .. correction coming soon ~~ :beats-me-man:
Exactly .. property stocks have broken 50d MA support. All these 99LH condos over 1000psf may be the first one to correct just because of too many flippers and less genuine stayers. I doubt HDB upgraders can afford this kind of price tag. After TOP, 99LH condos can only hold its value if rental yield can support it (one good example is Lakeshore with high rental yield after TOP). Since fundamental is not improving anytime soon and rental yield stays low ... really don't see how such high psf can sustain. SouthBank, Metro, A Sky, CSR ... very risky to hold .. it is like buying call options with time value
I am really worried a serious correction may come real soon to read the following from CSR owner posting in another forum that simply sounds like in total denial of problems and dreaming of prices keep going up:
Just some comments after reading the thread of negative comments abt CSR.. I myself is a owner here and has been staying here for past few months as well. Initially, we have been thinking of renting out, but after staying for couple of weeks, we have decided to make this our permanent home.. why, it's all about location, location and location...
There are good mix of crowd here, Caucacians, Koreans, Japanese, Chinese, Indians and local singaporean... Yes, there are units tenanted with 16 pples, but I don't really care as I don't share the unit with them. In fact, my neighbour may be one of those units, but generally, they are still quite low profile and I don't hear any noise or rowdiness, amid occasionally unpleasant habits like leaving trashes around the rubbish chute. Other than that, I don't see much problems.
In terms of outside environment, I'm more inclined to describe it as vibrant than chaos. I love staying in lively surrounding rather than dead, quiet place. I guess that goes with personal preference. For me, Mustapha is definitely a fun place to shop. I visited it almost every week and the experience is much better than those monotonous malls, though it's crowded most of the time. With the mall coming (in fact I'm more excited by the Mustapha extension than the mall), I see more positive than negative as it will make the surrounding more happening and will surely get the attention of would-be buyers. The management of the mall is lendlease, the same management team behind Parkway and the new mall in Orchard Somerset. I guess the mall will be positioned like Parkway, somewhere between heartland and the upmarket. Will those indian crowd go there? Probably, but I don't think they are the target market for the retails. Anyway, let see in few months time, no point speculating here.
In terms of surrounding eateries, not many condo can beat CSR. Scissors cut rice, Zhen Wen Ji pig organ soup, Ng Ah Soi Bak Kut Teh, Swee Choon, Lavender Food Market, Jalan Besar Food Market.. It just a food haven.. Let's share some good tips on the surrounding restaurants, foodstalls or shops to visits... http://www.skyscrapercity.com/images/smilies/wink.gif
BTW, I don't own a car (I don't really need one as the mrt and plenty of buses just by the side), so seldom venture into B1 carpark and thus yet to have those negative experience, but this is really a minor issue that the management need to dealt with.
Yes, probably the security is lax, the management is not responding, unprofessional agents.. but all these are just secondary problems. Look beyond that, I must say that CSR is definitely have much potential for future capital gain. The price has already gone up from 850psf in Jan to more than 1000psf in Jun (Just look at the caveat lodge).. The price speak the loudest. If the property market remain hot, CSR price will sure go in tandem.
All in all, I'm a happy owner here.. and will sell only when the price is really attractive.
I am really worried a serious correction may come real soon to read the following from CSR owner posting in another forum that simply sounds like in total denial of problems and dreaming of prices keep going up:
Hi Jitkiat,
Which forum is that? I would like to read more abt what ppl think abt CSR besides those mentioned in this forum.
I believe it depends very much on the success of the mall beside it but I have doubts on the crowds that frequent the mall. Let's wait and see how this project goes. For those investors in CSR, good luck to all of you!
thomastansb
13-07-09, 01:25
Happy smelling then..
I am really worried a serious correction may come real soon to read the following from CSR owner posting in another forum that simply sounds like in total denial of problems and dreaming of prices keep going up:
.........
Yes, probably the security is lax, the management is not responding, unprofessional agents.. but all these are just secondary problems. Look beyond that, I must say that CSR is definitely have much potential for future capital gain. The price has already gone up from 850psf in Jan to more than 1000psf in Jun (Just look at the caveat lodge).. The price speak the loudest. If the property market remain hot, CSR price will sure go in tandem.
All in all, I'm a happy owner here.. and will sell only when the price is really attractive.
proud owner
14-07-09, 11:07
Happy smelling then..
i realise after TOP ...metropolitan forum very quiet ..why ?
have the owners now realise how bad it is and not commenting ?
or what ?
common Metropolitanists ... give us some feed back ...
Property_Owner
14-07-09, 11:15
Hi Jitkiat,
Which forum is that? I would like to read more abt what ppl think abt CSR besides those mentioned in this forum.
I believe it depends very much on the success of the mall beside it but I have doubts on the crowds that frequent the mall. Let's wait and see how this project goes. For those investors in CSR, good luck to all of you!
Getting a condo next to a mall also depends on he location.
CSR, freehold but location?
Cote D Azur, LH but location?
Which one you preferred? One man meat, another man poison
Ya, you are right. The children playground are right under the MRT tracks. Metropolitan is the nearest to MRT condo in singapore.
How much is the asking psf?
I checked it out last night
It is singapore's one and only playgound that can boast to be under an MRT track! very fun to see trains zipping overhead!:scared-4:
Gordon Yuen
14-07-09, 12:19
i realise after TOP ...metropolitan forum very quiet ..why ?
have the owners now realise how bad it is and not commenting ?
or what ?
common Metropolitanists ... give us some feed back ...
Got owners comment here meh. Comment here are non-owners lah.
Daniel_Yee
14-07-09, 13:29
Owners now are doing 3 things:-
1) Testing sound proof insulator vigorously
2) Siam their house and go somewhere quiet. Waiting for 12.30am to go home
3) Queuing up at SMRT to lodge complaints
4) Anymore to add???
Got owners comment here meh. Comment here are non-owners lah.
Yes, i think it is indeed a sore point for metropolitian. The playground under track, circumstance not well conceal. One can see from the public pavement leading to the MRT station. Else, i think it is a good condo with its good location and relatively new design.
stalingrad
14-07-09, 13:51
Owners now are doing 3 things:-
1) Testing sound proof insulator vigorously
2) Siam their house and go somewhere quiet. Waiting for 12.30am to go home
3) Queuing up at SMRT to lodge complaints
4) Anymore to add???
(4) fighting with wives for not making enough money for you to live elsewhere
(5) popping sleeping pills
(6) buying ear plugs
(7) stick a chopstick into your ears to pierce the ear drums.
(8) to divorce wives to get money to live elsewhere
(9) go to speakers' corner to complain about the developers.
fwah .. didn't know this project being hated by some pp until can 'curse' some more ... lol
:p
fwah .. didn't know this project being hated by some pp until can 'curse' some more ... lol
:p
I wonder why so many people so sore about this condo. The only reason that I could think is that they wanted to buy but the price exceeded their expectation. Otherwise, they would not even checkout the Condo.
But if you are those first batch that bought from developer, you are laughing your heads out as you can make a decent profit from the launch of AS by selling even at $950psf.
Daniel_Yee
14-07-09, 18:22
The price is rising fast ah.. A lot of people bought at 900psf make a lot of money ah.. But that doesn't make the Condo good. It is still noisy. It is still below MRT track. It still sucks. It's okie if suckers continue to buy. Then you all make more money and laugh to the bank lor. At the end of the day, it still sucks and this doesn't change. Even it reaches 2000psf, that doesn't mean it is no longer below MRT. Hahaha.
stalingrad
14-07-09, 18:42
I wonder why so many people so sore about this condo. The only reason that I could think is that they wanted to buy but the price exceeded their expectation. Otherwise, they would not even checkout the Condo.
But if you are those first batch that bought from developer, you are laughing your heads out as you can make a decent profit from the launch of AS by selling even at $950psf.
not true. I made fun of this project because it is such an inviting target. who would in his right mind buy a condo under a train track? only in singapore populated by kiasu speculators.
Yes, even if the price hits 5000 psf, it doesn't change the fact if you need broken ear drums to have a good night's sleep.
proud owner
14-07-09, 22:42
not true. I made fun of this project because it is such an inviting target. who would in his right mind buy a condo under a train track? only in singapore populated by kiasu speculators.
Yes, even if the price hits 5000 psf, it doesn't change the fact if you need broken ear drums to have a good night's sleep.
saw in the online paper..they called Ascentia Sky 'HIGH END"....ahhahaa
i really hope potential Ascentia buyers are reading the Metropolitan forum ...
I wonder why so many people so sore about this condo. The only reason that I could think is that they wanted to buy but the price exceeded their expectation. Otherwise, they would not even checkout the Condo.
But if you are those first batch that bought from developer, you are laughing your heads out as you can make a decent profit from the launch of AS by selling even at $950psf.
Agree, so many sour grapes here. They didn't buy before and now trying to talk down the condo. By the way, it's "above" the MRT and not "below"/"under" the track. For those on higher floors, the noise is barely noticeable. Paying for location also means paying for convenience, and for those who prefers accessibility to MRT and proximity to the city, Metropolitan seems a very choice.
proud owner
14-07-09, 23:04
Agree, so many sour grapes here. They didn't buy before and now trying to talk down the condo. By the way, it's "above" the MRT and not "below"/"under" the track. For those on higher floors, the noise is barely noticeable. Paying for location also means paying for convenience, and for those who prefers accessibility to MRT and proximity to the city, Metropolitan seems a very choice.
seriously HMMM
are you an owner ?
i am seriously curious about the noise .. as Noise travels upward .. i used to live in a apt 16 floor .. and the MRT track was some 8 mins walk away ..within sight ..abnd i could hear it ..
so metro and the track and stn is so close ..the braking train i am sure can be heard .. just a question of how loud ...
care to comment >?
seriously HMMM
are you an owner ?
i am seriously curious about the noise .. as Noise travels upward .. i used to live in a apt 16 floor .. and the MRT track was some 8 mins walk away ..within sight ..abnd i could hear it ..
so metro and the track and stn is so close ..the braking train i am sure can be heard .. just a question of how loud ...
care to comment >?
I don't mind to comment at all. Mine is on a higher floor and faces the MRT side. I normally turn on the air-con anyway and when you close the windows, you cannot notice the noise at all. You only notice it if you open the balcony door, but even without the MRT there, you can hear some traffic, not different from many other condos in Singapore. The MRT noise is not high-pitch (even when braking I guess, I don't really make a note of it) and not annoying and drowns into the background. There are many different positive or negative comments here about Metropolitan but I am a happy owner and like the lay-out a lot too. So I do think I have the right to make a first-hand comment here.
proud owner
14-07-09, 23:37
I don't mind to comment at all. Mine is on a higher floor and faces the MRT side. I normally turn on the air-con anyway and when you close the windows, you cannot notice the noise at all. You only notice it if you open the balcony door, but even without the MRT there, you can hear some traffic, not different from many other condos in Singapore. The MRT noise is not high-pitch (even when braking I guess, I don't really make a note of it) and not annoying and drowns into the background. There are many different positive or negative comments here about Metropolitan but I am a happy owner and like the lay-out a lot too. So I do think I have the right to make a first-hand comment here.
thats a fair comment ..
the fact that its between a major road and a smaller inner road ..traffic noise is inevitable ..
so to those who prefer high floor, some natural breeze, Metro would not be suitable ..
the same noise will be heard at Ascentia i guess .. if not louder..
thanks again ..
Hi All
I just had my evening walk and passed by Met. As i understood, since this project has already TOP-ed, i only see about 5-6units occupied.
Does that means that almost all of these units are NOT owner-occupier but investors?
proud owner
14-07-09, 23:44
Hi All
I just had my evening walk and passed by Met. As i understood, since this project has already TOP-ed, i only see about 5-6units occupied.
Does that means that almost all of these units are NOT owner-occupier but investors?
its 11.43 pm most of them koon leow lah .. or making out .. scream loud loud no problem ... MRT will mask the scream ...good
its 11.43 pm most of them koon leow lah .. or making out .. scream loud loud no problem ... MRT will mask the scream ...good
Need to get the timing right. MRT doesnt come every sec...
proud owner
15-07-09, 00:17
Need to get the timing right. MRT doesnt come every sec...
you are right ..
need to learn to hold .. long term returns usually better and explosive
ok go to sleep now
Regulators
15-07-09, 00:46
actually that being said, even the most unlikely places you can still find people living there. Take a drive along through Kheam Hock Rd all the way through to Sime Rd and you can see people living in beautiful landed properties (considered prime district) beside the chinese cemetary. Drive through there at night and you feel goosebumps all over and can't wait to exit at the other end of the road, that is the kind of feeling you get...
Getting a condo next to a mall also depends on he location.
CSR, freehold but location?
Cote D Azur, LH but location?
Which one you preferred? One man meat, another man poison
Yes, even if the price hits 5000 psf, it doesn't change the fact if you need broken ear drums to have a good night's sleep.
Your comments are too extreme.
Hi All
I just had my evening walk and passed by Met. As i understood, since this project has already TOP-ed, i only see about 5-6units occupied.
Does that means that almost all of these units are NOT owner-occupier but investors?
Like you said, just TOP, rectification works & renovation, I guess you will see more units before the Chinese 7th month.
saw in the online paper..they called Ascentia Sky 'HIGH END"....ahhahaa
i really hope potential Ascentia buyers are reading the Metropolitan forum ...
It is called "high end" because they are poviding better quality items. Doesn't mean that their finishing must be high end.
Property_Owner
15-07-09, 10:33
One man meat another man poison. To each his own.
Why are they people staying next to MRT track?
Why are they people staying at Sentosa?
Why are they people staying at CSR?
Why are they people staying at woodland?
Why are they people staying at JB?
Why am I staying at Villa Marina?:D:D:D:D:D
Personally, I have visited several units last weekend to determine if the project was indeed suitable for investment. In my honest/humble opinion, I reckon the prices quoted (in excess of 1000psf) are way too high and definitely not worth the valuation of the sellers in the long term. My reasoning is as follows:
1) Leasehold
2) Quality of furnishing is poor; meant for the mass market no doubt (the launch price was also targeted at the upgrader community)
3) Some units have to share a common waste chute, which is very inconvenient in my opinion
4) Better bargains in the nearby RV/RQ district, especially considering the 1000-1200psf pricing; how much investment potential would there be? In any case, the upswing would definitely be much higher for the RV/RQ properties since both are essentially starting off from the same baseline now.
Hence, I urge potential buyers to seriously consider all the pros and cons before going ahead with your purchases, just to prevent yourself from being seriously duped by the profit-hungry Metro sellers. For one, in most business transactions, it is every man for himself.
Daniel_Yee
15-07-09, 13:40
Sour grapes? It's just that this condo sucks so I use my brain and didn't buy. Went next door to find instead and found one better one.
Agree, so many sour grapes here. They didn't buy before and now trying to talk down the condo. By the way, it's "above" the MRT and not "below"/"under" the track. For those on higher floors, the noise is barely noticeable. Paying for location also means paying for convenience, and for those who prefers accessibility to MRT and proximity to the city, Metropolitan seems a very choice.
Daniel_Yee
15-07-09, 13:46
You might need to visit the doctor to check your ears. I went to this open house at Metro. #35 or #36 stack 01 I think. Asking 1.2k psf. With not so beautiful 70% blocked seaview. Very windy. But the track noise is so unbearable. The owner also clever. On aircon and close everything. Still can hear MRT passing by. Won't say it is loud but is irritating. With the windows open, I couldn't bring myself to issue a $9000 cheque. Who on earth would on aircon when I am supposed to enjoy the breeze. Might as well buy a 2nd floor, on aircon, put sea wallpaper outside, on sea water soundtrack. Went for twin regency instead. The funny thing is same psf albeit higher price due to bigger area. No track noise. Unblocked high floor view. Best thing - freehold :)
I don't mind to comment at all. Mine is on a higher floor and faces the MRT side. I normally turn on the air-con anyway and when you close the windows, you cannot notice the noise at all. You only notice it if you open the balcony door, but even without the MRT there, you can hear some traffic, not different from many other condos in Singapore. The MRT noise is not high-pitch (even when braking I guess, I don't really make a note of it) and not annoying and drowns into the background. There are many different positive or negative comments here about Metropolitan but I am a happy owner and like the lay-out a lot too. So I do think I have the right to make a first-hand comment here.
You might need to visit the doctor to check your ears. I went to this open house at Metro. #35 or #36 stack 01 I think. Asking 1.2k psf. With not so beautiful 70% blocked seaview. Very windy. But the track noise is so unbearable. The owner also clever. On aircon and close everything. Still can hear MRT passing by. Won't say it is loud but is irritating. With the windows open, I couldn't bring myself to issue a $9000 cheque. Who on earth would on aircon when I am supposed to enjoy the breeze. Might as well buy a 2nd floor, on aircon, put sea wallpaper outside, on sea water soundtrack. Went for twin regency instead. The funny thing is same psf albeit higher price due to bigger area. No track noise. Unblocked high floor view. Best thing - freehold :)
Congrats Bro........
You might need to visit the doctor to check your ears. I went to this open house at Metro. #35 or #36 stack 01 I think. Asking 1.2k psf. With not so beautiful 70% blocked seaview. Very windy. But the track noise is so unbearable. The owner also clever. On aircon and close everything. Still can hear MRT passing by. Won't say it is loud but is irritating. With the windows open, I couldn't bring myself to issue a $9000 cheque. Who on earth would on aircon when I am supposed to enjoy the breeze. Might as well buy a 2nd floor, on aircon, put sea wallpaper outside, on sea water soundtrack. Went for twin regency instead. The funny thing is same psf albeit higher price due to bigger area. No track noise. Unblocked high floor view. Best thing - freehold :)
Well done. Excellent choice! In time to come, Metro px can only drop while your FH TR can only go up. I also can't understand why do Metro owners would think detractors of Metro are sour grapes. Its so plain to see there is nothin special about it that it should command so much premium over the hdbs across the street. I have mentioned before, Queens is a great proxy of the future of Metro. Another 99LH surrounded by HDB whom original owners cant even sell at a profit even in the peak of property bullrun.
If I have those units facing the track AND would like to stay in Metro no matter what, I would suggest selling the track facing and buy a Tanglin facing unit. Now is the best time to swap. If its me however, I will abandon Metro and probably go for something else that is freehold around Tiong Baru if i need to be in this area.
One man meat another man poison. To each his own.
Why are they people staying next to MRT track?
Why are they people staying at Sentosa?
Why are they people staying at CSR?
Why are they people staying at woodland?
Why are they people staying at JB?
Why am I staying at Villa Marina?:D:D:D:D:D
Why people pay 1.5mil (600-700psf) to stay at terraced house at Sembawang beach 99LH while you can buy freehold Semi-D at Upper East Coast Road for 500psf ?!
Why people pay 1.5mil (600-700psf) to stay at terraced house at Sembawang beach 99LH while you can buy freehold Semi-D at Upper East Coast Road for 500psf ?!
i am kind of amazed to see metro owners asking for over $1200 psf at one of the on line condo sales website...
i wonder how are they going to sell?
i am kind of amazed to see metro owners asking for over $1200 psf at one of the on line condo sales website...
i wonder how are they going to sell?
that means it's not transact price lah.
I used to stay in a HDB flat very near to Redhill MRT when I was young. Though my flat's proximity to the MRT is further than Metropolitan, already the noise from the track was really unbearable & can really get one our nerves sometimes.
The only pro was when I see the train leave the station, I will leave my house to catch the next train just in time. No need to wait. Maybe this is worth $1200psf bah.
I used to stay in a HDB flat very near to Redhill MRT when I was young. Though my flat's proximity to the MRT is further than Metropolitan, already the noise from the track was really unbearable & can really get one our nerves sometimes.
The only pro was when I see the train leave the station, I will leave my house to catch the next train just in time. No need to wait. Maybe this is worth $1200psf bah.
haha.. u r right.. time is money... ;)
happy selling, metro owners...
asking prices softening as response to ASky is muted :scared-2:
I used to stay in a HDB flat very near to Redhill MRT when I was young. Though my flat's proximity to the MRT is further than Metropolitan, already the noise from the track was really unbearable & can really get one our nerves sometimes.
The only pro was when I see the train leave the station, I will leave my house to catch the next train just in time. No need to wait. Maybe this is worth $1200psf bah.
The MRT track is 300m away from my home, my 10 month old son can hear and recognize the MRT sound... when i shout "cling clong cling clong", he will look out of the window. :doh:
Regulators
29-07-09, 16:26
i am just curious why developers these days go for plain white buildings, izzit becoz they want to cut cost on painting?
oh man, the balcony railings very ugly leh.. is trying to be retro or what?
oh man, the balcony railings very ugly leh.. is trying to be retro or what?
the furniture and fittings also not quite up to the mark, given it is a newly TOP condominium .. is it metropolitian or retropolitian?:rolleyes:
the furniture and fittings also not quite up to the mark, given it is a newly TOP condominium .. is it metropolitian or retropolitian?:rolleyes:
this condo was sold on first launch 760+ rite?
U expecting what for that base price?
U buy when u have this condition - either very rich or very not savvy about property cycles
re examine only when those asking 1200-1300 melt to 900 ++ :banghead:
chanelprincess34
03-10-09, 00:16
frankly I am not impressed with this metropolitan
1) so near to MRT and the MRT track seems to be "hanging inside and above of the condo which is seems very ugly. The MRT is intergrated with the Condo.
2) doesnt make sense to pay so much psf to live within the HDB area. Might as well stay at the top of the HDB Flat to enjoy the nice view and windy feel of coz only lacking the condo facilities but get to hv more spare cash in yr bank
3) boring white block of condo. not impress with the design
4) Miserable tiny playground under the MRT Track.
Tanglin view / meraprime and twin regency are better choices than this....
richardsng_era
07-10-09, 21:51
Dear all,
My clients from overseas are coming to Singapore on Mid October to invest in private residential properties. Metropolitan is one of their choice condo.
Their requirements are as follows:
1) 2 bedrooms or smaller;
2) Regular shaped interior;
3) Attractive pricing;
4) Floor Plan required;
5) Interior photos provided will be wonderful
Call me at +65-92993342 or email property details including floor plan & interior pictures to
[email protected] before Thursday, 8 Oct 2009 3pm.
Dear all,
My clients from overseas are coming to Singapore on Mid October to invest in private residential properties. Metropolitan is one of their choice condo.
Their requirements are as follows:
1) 2 bedrooms or smaller;
2) Regular shaped interior;
3) Attractive pricing;
4) Floor Plan required;
5) Interior photos provided will be wonderful
Call me at +65-92993342 or email property details including floor plan & interior pictures to
[email protected] before Thursday, 8 Oct 2009 3pm.
richard, u should go and f*** your m*****. Spoilt all the thread with you stupid f*** advertisement:tongue3::tongue3: :tongue3: :tongue3: :tongue3:
sunburnsamsam
27-10-09, 11:00
I stay near queenstown MRT on very high floor. The noise from the tracks is unbearable these days. Tracks getting old + frequency of train increased.....last time I tot I build immunity to the sound but dunno why these days very sensitive.
one more thing...at night ....tracks maintainence....those that stay near tracks will know what i mean. you can hear the "knocking sound" and so on.
But I guess plus point is near MRT. Got to give and take
Some buyers prefer the bigger units in TMC?
The Metropolitan Condominium
Address ............................... psf ................. Area ............ Price ............... Contract Date
8 Alexandra View #13-08 ..... $1,113 psf ..... 1,744 sqft .... $1,941,000 ... 18 Nov 09
6 Alexandra View #11-05 ..... $1,048 psf ..... 1,432 sqft .... $1,500,000 ..... 11 Nov 09
8 Alexandra View #15-08 ..... $1,043 psf ..... 1,744 sqft .... $1,819,000 ..... 11 Nov 09
8 Alexandra View #18-06 ..... $1,040 psf ..... 1,399 sqft .... $1,454,000 ...... 29 Oct 09
6 Alexandra View #37-02 ..... $1,250 psf ..... 1,033 sqft .... $1,291,000 ...... 23 Oct 09
8 Alexandra View #16-08 ..... $1,018 psf ..... 1,744 sqft .... $1,775,000 ...... 19 Oct 09
8 Alexandra View #34-06 ..... $1,051 psf ..... 1,399 sqft .... $1,470,000 ...... 15 Oct 09
8 Alexandra View #30-09 ..... $1,150 psf ..... 1,367 sqft .... $1,572,000 ........ 2 Oct 09
8 Alexandra View #12-09 ..... $1,050 psf ..... 1,356 sqft .... $1,423,000 ..... 30 Sep 09
8 Alexandra View #07-09 ..... $1,032 psf ..... 1,356 sqft .... $1,400,000 ..... 29 Sep 09
6 Alexandra View #24-04 ..... $1,332 psf ....... 732 sqft ....... $975,000 ..... 25 Sep 09
The latest transaction for The Metropolitan.
The Metropolitan Condominium
Address .......................... psf ............... Area ........... Price ............ Contract Date
6 Alexandra View #24-03 .... $1,314 psf .... 1,066 sqft .... $1,400,000 .... 19 Mar 10
Hi,
I have a unit for sale at The Metropolitan.
13-02
840 sqft
wish to sell at 1300 psf
I am surprised that pple can bear with the mrt sound for long term and still pay 1000+psf...:)
proud owner
27-05-10, 00:22
I am surprised that pple can bear with the mrt sound for long term and still pay 1000+psf...:)
hhhmmm
maybe these buyers are upgraders ...from Commonweath, Ghim Moh HDB where the rail train runs behind their blocks .. so this MRT noise is almost inaudible
also its in the genes of most singaporeans to only buy NEW stuff ..
around that area ..its the newest .. who wants old 999 lh Anchorage, 99lh Queens, tanglin view ?
i would have taken Tanglin view anytime ..
devilplate
27-05-10, 00:25
resale prices also not cheap leh...almost comparable
proud owner
27-05-10, 00:52
resale prices also not cheap leh...almost comparable
to me tanglin is closer to greenery and away from the mrt noise
personal preference lah
to me tanglin is closer to greenery and away from the mrt noise
personal preference lah
How's the price now? Up or down?
devilplate
29-03-11, 12:12
here u go:cheers6:
loonymaloney
29-03-11, 12:14
Great, tks! so you vested in this projected?
loonymaloney
29-03-11, 12:27
feedback here not too great. mainly complaints about:
the proximity of mrt track which i think is quite hilarious. i mean unless it's a maglev train, for sure got sound if close to mrt. even maglev train got to worry about possible radiation.
the standard of finishings - seems fair based on the pics i've found
the demographics - i.e. mainly for upgraders nearby and might as well stayin hdb, blah blah, blah...
BUT all of these are useful info nonetheless. would really like to hear from the owners of the metro. Comments from owners, anyone?
feedback here not too great. mainly complaints about:
the proximity of mrt track which i think is quite hilarious. i mean unless it's a maglev train, for sure got sound if close to mrt. even maglev train got to worry about possible radiation.
the standard of finishings - seems fair based on the pics i've found
the demographics - i.e. mainly for upgraders nearby and might as well stayin hdb, blah blah, blah...
BUT all of these are useful info nonetheless. would really like to hear from the owners of the metro. Comments from owners, anyone?
Well sin is so warm at nights that u have to stitch on sitcom close the windows n sleep. Who would bother abt mrt noise
Well sin is so warm at nights that u have to stitch on sitcom close the windows n sleep. Who would bother abt mrt noise
Damn the iPhone so many spelling errors. Is switch on aircon and close windows
I thought Tanglin Regency is a nicer development. It has a Tanglin Road address (unlike the other devts in the vicinity). It's one street away from Mrt, the higher floors have good view (those facing the new Park Connector). High ceilings and nice balconies. And the Alexandra Park Connector is right at the doorstep. Can jog/cycle. Ambience seems better than the Met. Even though the Met is newer.
Any owners would like to rent out their 2BR unit directly to tenants? pls contact
[email protected]
Hi,
Just want to check with the condo owners here for Metropolitans if it is true that you were asked to removed the Invisible Window Grille installed for your balcony? Was told this information by one of my contractor for capentry, do not know if it is true so like to find out from you.
phantom_opera
23-08-13, 18:45
all time record high
$1,750 PSF IN AUG 2013 FOR A 721-SQFT UNIT
Can buy reflections and stay in luxury
thomastansb
23-08-13, 23:02
I rather pay 1750 for redhill than Jurong.
all time record high
$1,750 PSF IN AUG 2013 FOR A 721-SQFT UNIT
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