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Makelele
04-01-07, 13:38
http://img242.imageshack.us/img242/8638/reflections2id1.jpg


The Daniel Libeskind showcase

Libeskind’s first residential showcase in Asia has its platform in Singapore in Keppel Bay. His iconic design for Reflections at Keppel Bay will put Singapore on the world map for luxury waterfront homes.

Rising at the water’s edge and as ‘beacons of light’, the Libeskind showcase will be the epitome of premier waterfront living in Singapore.

Set in lush and expansive grounds, the waterfront development features six high-rise towers, some linked by skybridges, and spacious low-rise villas. The Libeskind development will sit on a land size of approximately 84,000 sq metres with an extensive shoreline of 750 metres.

Every detail and aspect of design will optimise interaction with the sea and the commanding panoramic views of its scenic surrounds including Mount Faber, Keppel Club Golf Course, Labrador Park, Sentosa and its upcoming Integrated Resort and the city skyline.


http://img242.imageshack.us/img242/7100/reflections1xp9.jpg



http://reflectionsatkeppelbay.com.sg/home.html

hehe
04-01-07, 14:24
wow! what a work of art. The 4 page ad in the Straits Times today says it all. this will be a hugely prestigious development.

joe
04-01-07, 16:21
:jaw-dropping: it is beautiful!

slave
06-01-07, 06:23
Absolutely stunning. If only it were freehold... what a contrast from all the copycat full blue glass facade condos we see today.

Architectural wonder aside, do u think $1500-2000psf for a 99yr is worth it being on the wrong side of Sentosa? Will the new price pull up Carribean then?

mr funny
01-02-07, 10:44
Property
Published February 1, 2007

Keppel Bay condo leads string of launches near Chinese New Year

By ARTHUR SIM


THE run-up to Chinese New Year should see plenty of property launches, with developers drumming up interest in advance.


http://img366.imageshack.us/img366/9692/bt557435231012007165eb0bv1.jpg
Reflections at Keppel Bay: An indicative price for the development will be $1,500 to $1,900 psf


The biggest launch will probably be Keppel Land's 1,129-unit Reflections at Keppel Bay, which, according to Keppel Land director (Singapore residential) Augustine Tan, has already attracted 'more than 600 parties registering their interest'.

Willy Shee, chairman of Reflections' marketing agent CB Richard Ellis (Asia), says that even though prices in the Core Central Region have risen 24 per cent in the past two years, compared to other gateway cities, 'they certainly have more room to grow'.

Edmund Tie, executive chairman of DTZ Debenham Tie Leung (South-east Asia), which is also marketing Reflections, says: 'Based on the response so far, we are confident that Reflections by Libeskind will achieve a sell-out performance.'

An indicative price for Reflections would be $1,500 to $1,900 per square foot - the going prices for projects at Marina Bay and Sentosa Cove.

Orange Grove Residences by Ho Bee Group, which will be launched this weekend, was already soft launched earlier and 60 per cent of the units have been sold. Of these, about 40 per cent were bought by foreigners, says marketing consultant DTZ Debenham Tie Leung's executive director Margaret Thean.

The 60-unit freehold development is expected to be completed by 2010 and launch prices this weekend are from $1,900 to $2,200 psf.

Prices for Botanika by Tuan Sing Group will not be available, because the units on sale will only be available through auction by Colliers International and Christie's Great Estates exclusive affiliate Ken Jacobs.

Grace Ng, deputy managing director (agency and business services) and auctioneer at Colliers International, says that this is probably the first time a new non-landed residential development has been sold by auction.

Colliers was also behind the recent auction of bungalow plots at Sentosa Cove, and Ms Ng notes that prices climbed steadily after opening bids. Indeed, she says that for Sentosa Cove, closing bids were almost double opening bids, shooting up from about $500 psf to end at $800-$900 psf.

So far, 18 units of the 34-unit Botanika near the Singapore Botanic Gardens have been sold through private previews, with the highest transacted price about $2,000 psf.

The auction of 12 units will be held on March 31 at Goodwood Park Hotel and international bids through the Christie's network are expected.

Mr Jacobs says: 'As an exclusive affiliate of Christie's Great Estates, I look forward to presenting Botanika to our international client base.'

An indicative price for the units is $1,700-$2,400 psf.

Hoi Hup Realty has also already sold 40 per cent of its Waterford Residences at Kim Yam Road after having 'presented' the project last weekend at a special preview.

The average price for the 118-unit, 999-year-leasehold development is $1,350 psf.

Kellie Liew, executive vice-president (projects) of HSR International, says prices of condo units in the vicinity are about $1,500 psf.

freeform
01-02-07, 15:39
Absolutely stunning. If only it were freehold... what a contrast from all the copycat full blue glass facade condos we see today.

Architectural wonder aside, do u think $1500-2000psf for a 99yr is worth it being on the wrong side of Sentosa? Will the new price pull up Carribean then?

I guess leasehold or freehold matters little in locations like these, esp Marina Bay and Sentosa area. Will the new price pull up Caribbean? Well secondary market prices for choice units at the Caribbean have been rising steadily. With the launch of Reflections, Keppel Land will definitely be able to sell out the currently unsold units (not so choice units) at the Caribbean, because of relatively much lower prices.

Rental-wise, Caribbean is looking set to go sky high due to Reflections and the coming Sentosa IR. Let's hope the area doesn't turn out tacky, like Sydney, Melbourne, and Perth in neighbourhoods where the cities' casinos are located.

Madeira
01-02-07, 16:12
I think Reflections will be the project to finally kill off the the speculation in luxury segment of the property market. Speculators would scoop up all the 1129 units in record time, but will soon discover that flipping these 1000+ units in the sub-sale mkt will be very difficult, because everyone is selling the same thing. It would also make the classified ads in the Straits Times very thick.

selling koyok
01-02-07, 16:34
I think Reflections will be the project to finally kill off the the speculation in luxury segment of the property market. Speculators would scoop up all the 1129 units in record time, but will soon discover that flipping these 1000+ units in the sub-sale mkt will be very difficult, because everyone is selling the same thing. It would also make the classified ads in the Straits Times very thick.

I really hope it kills off speculation in the luxury segment. For Singapore is long overdue for a property boom. Without rampant speculation and gambling on the property market, this boom can last longer and have more solid fundamentals.

ryan
01-02-07, 19:52
Ooooh what I would give to be living here! :cool: If I were an investor who bought this place and am unable to sell, I would not mind living here staring at the sea every day and enjoying my apartment. But of course that is assuming I can afford anything here. :p

Madeira
02-02-07, 13:27
When the bubble burst, the buyers of Reflections at Keppel Bay, would be left reflecting on how dumb they were.

Unregistered
06-02-07, 15:16
COME ON GUYS LET'S HAVE SOME NEWS ON THIS! I CAN'T WAIT

Unregistered
06-02-07, 15:17
COME ON GUYS LET'S HAVE SOME NEWS ON THIS! I CAN'T WAIT FOR IT TO BE PREVIEWED. VERY EXCITED!

and also because i can't wait to sell my unit at Caribbean. :)

ryan
22-02-07, 17:54
Property
Published February 22, 2007

Keen interest in Keppel Land's Reflections

By ARTHUR SIM


KEPPEL Land's upcoming residential development - Reflections at Keppel Bay - has received over 700 expressions of interest with some wanting to buy whole floors or even a whole block.


http://img251.imageshack.us/img251/8584/bt570540721022007ue5ri9.jpg
Reflections at Keppel Bay: The project has already received offers from prospective buyers to buy whole floors or even an entire block


The 1,129-unit development is expected to be launched in March or April. Keppel Land would not reveal the launch price but a spokesman said that it had already received offers from prospective buyers to buy whole floors or even an entire block. There will be six glass towers of 41 storeys and 24 storeys and 11 blocks of six- to eight-storey villa apartments.

Prices for Reflections have been estimated at between $1,500 and $2,000 psf.

CB Richard Ellis (CBRE) and Debenham Tie Leung are the appointed agents for Reflections. CBRE managing director Pauline Goh said: 'With the development of the Sentosa IR (integrated resort), recreational and entertainment facilities around our southern shoreline, waterfront properties in this precinct will be prime choices for expatriate living in Singapore.'

One of these recreational attractions will be Keppel Land's $30 million marina at Keppel Bay, targeted for completion in 2007. Keppel Land says future owners of Reflections will be given 10 years of free membership and five years' free subscription to the marina.

Facilities at the marina include a clubhouse, restaurants, a spa and charter services to neighbouring islands.

Unregistered
05-03-07, 12:13
Can't imagine how many sporeans will lose not only all their CPF , but all their cash , plus top up until god knows when ? All these prices are too ridiculous for 99 projects with more than 1000 units . As of now , caribbean still has 250+ units sold back to KEppel . Can you imagine , this is called sold out ???????

Unregistered
07-03-07, 12:40
Location: Keppel Bay/Sentosa (D 3)
Detail: 6 tower blocks (combination of 41 storeys / 24 storeys) and 11 blocks of low rise villas (6/7/8 storeys)
Tenure: 99-years leasehold
Site Area: 84,000 sq m
Expected TOP: 2011
Units Types:
*1 BR + study ~ 732 - 800 sqft
*2 BR & 2 BR + study ~ 743 - 1,001 sqft & 947 - 1,335 sqft
*3 BR ~ 1,109 - 2,142 sqft
*4 BR & 4 BR + study ~ 1,938 - 2,831 sqft & 2,530 - 2,874 sqft *Penthouses ~ 3,488 - 12,900 sqft
Price: expected $1500psf onwards
Remarks: The development is designed by renowned architect Daniel Libeskind - who is designing the masterplan for New York's Ground Zero site - the six glass towers offer panoramic views of Sentosa, the city and Mount Faber, while the 11 villa blocks are situated less than 150 metres from the Keppel Bay shoreline.

Unregistered
18-03-07, 13:50
If the Government stop the Deferred payment Scheme , then we shall see the true value of properties and not rampent flipping . Reflections will be a major flipping counter . We shall see tons of ads for resale on the next day after reflections have their soft launch . Gov. will have their play in the rampant speculations unless they stop the deferred payment scheme . Untill that day comes , prices will be artifical . 2010 will be the D-day when most of the ridiculous priced projects have TOPed . Till then , only a recession or terrorist attack or SARS can correct the market .

Unregistered
22-03-07, 18:40
from BT:

"Meanwhile, Keppel Corp yesterday revealed that the super penthouse at its upcoming Reflections at Keppel Bay condo launch will be 13,300 sq ft in size, spread across the top three levels of the 41-storey project. The project is slated for release early next month."

ahlahdin
23-03-07, 02:01
from http://press.keppelland.com.sg/article.asp?id=1476


4 bedroom living room
http://img410.imageshack.us/img410/2163/4brlivingim9uz6.jpg

Super penthouse living room
http://img410.imageshack.us/img410/8236/superpenthouselivingvh8dk8.jpg

Villa panoramic
http://img410.imageshack.us/img410/3222/villapanoramiczv6bx7.jpg

Reflecting pools
http://img410.imageshack.us/img410/4042/reflectingpoollf4.jpg

Observer
25-03-07, 00:06
If the Government stop the Deferred payment Scheme , then we shall see the true value of properties and not rampent flipping . Reflections will be a major flipping counter .......... the D-day when most of the ridiculous priced projects have TOPed . Till then , only a recession or terrorist attack or SARS can correct the market .

Why say it is overpriced?

Why not say it is underpriced?
Like for example, in Miami it would have cost you $4,000 psf but it is only $2,000 psf here.

What are we comparing it with?

hello
29-03-07, 02:19
When is the soft launch?

Makelele
29-03-07, 21:56
When is the soft launch?

How soft is soft? :D VVVIP preview, VVIP preview, VIP preview? Which one? :D

hello
29-03-07, 22:37
How soft is soft? :D VVVIP preview, VVIP preview, VIP preview? Which one? :D

Any one of the 3 will do, preferably the VVIP preview.

Unregistered
29-03-07, 23:27
It will be the death of flippers to buy reflections . 1200+units . See how they gonna flip at the ridiculous asking prices already . LOoking at the US economy . let us see the how strong the buyers really are .

investor not flipper
30-03-07, 00:11
Death to the flippers means death to the mid-tier market as we know it. Better sell your property now when you still have chance to.

hello
30-03-07, 18:32
The preview is on 5 April 2007 (Thursday) 10am.

Unregistered
31-03-07, 13:28
If US market so unstable , can the property prices in Sg sustain if there is a US recession ? Scary though , somemore property prices now are like pre-1993 but basic population not rich like those days .... Unless really lots of real rich foreigners are coming in the hordes .... are they ?? Many questions in our minds ..

Unregistered
31-03-07, 13:33
If property market is doing so well , so why still holding to the deferred payment ? (deferred payment only fuel speculation that can lead to disastorious ending ) . Many players are banging on the fact that they can flip within 2 years . But at this prices nowadays can they ? If the true market is soo good , how come TOPed projects have left stock ? Something is not right . Hopefully i will not become a post 2009 victim if what the predictions are right . For now wait and see is still the best policy . As elvis sang ( Wise men says only fools rush in ) .

Unregistered
31-03-07, 13:37
Someone told me . Vip for preview stands for Very idiotic person . VVip stands for Very vain idiotoc person . The last one you decide .

Unregistered
31-03-07, 13:54
Re: One Shenton Way (D1, 99 year leasehold, CDL)

--------------------------------------------------------------------------------

I can confirm the rumour that agents are finding hard to sub sell all the One Shenton units. Only the big and good units were able to sub sell. The rest of the hundreds of small units very very hard to sell These people may have to sub sell at a loss, if they cannot pay up in time. The deadline for full 20% downpayment is coming up.

To anyone holding One Shenton... good luck!

Reflection buyers will face the same thing , worst of it all is that now property market has laready cooled down somemore . Wonder how many flippers dare to play reflections . Very interested to see how many suckers are there in the market . Tue will be reflections of the number of flippers in SG , haha .

Unregistered
02-04-07, 13:01
soft launch tue 3rd apr... strictly by invitation only.. if interested, can pm me...

only 2 towers and some blocks of villas will be released...

Unregistered
02-04-07, 17:32
soft launch tue 3rd apr... strictly by invitation only.. if interested, can pm me...

only 2 towers and some blocks of villas will be released...

Hello? How to PM you? You don't even have a ID?

Unregistered
03-04-07, 02:48
tue 3rd april for keppel's invited guests... wed 4th april for other invited guests... friday is the launch to general public...

if interested, pls buzz me....

Unregistered
03-04-07, 02:54
buzz 91068917...Please note that all purchases can only be made in the name of the registered invited guests (not transferable) and each buyer is entitled to purchase only 3 units (max one 4-bedroom unit per buyer).

Unregistered
03-04-07, 13:03
Wow , this reflections is going to be good for property agents . After the sale they will reflect on their commisions . The buyer on the other hand will reflect on how stupid the were , after the prices are corrected . So much for reflections .

Unregistered
03-04-07, 16:56
Long queue now for reflecttions.

Observer
03-04-07, 22:48
Yah. More than 100 units sold. Average price is around $1,900 psf. The highest one so far is more than $2,300 psf.

reflect
04-04-07, 00:42
Reflections at Keppel Bay hits average sale price of S$1,900 psf
By Jeana Wong, Channel NewsAsia | Posted: 04 April 2007 0013 hrs

SINGAPORE : Keppel Land's latest waterfront home project - Reflections at Keppel Bay - is set to transform Singapore's west side into a premium waterfront living enclave.

The property developer is seeing strong demand for the project, which is setting a new benchmark at an average price of S$1,900 per square foot.

Tuesday was Day One of the soft launch, and already, transacted prices for units at Reflections at Keppel Bay surpassed those at Marina Bay Residences - the most recent waterfront property launched.

Reflections is Keppel Land's latest waterfront residential development - and the second of five planned residential projects in the area.

The developer said it expected at least three-quarters of the units up for sale during Tuesday's soft launch to be taken up.

Augustine Tan, Director, Singapore Residential, Keppel Land, added, "And we've done very well. Initially, we wanted to just launch 80 units. But because of the demand...to satisfy our customers, we've actually increased to about 150 units.

"We've yet to tally our prices. But I think it'll be in the range of S$1,900 per square foot to S$1,950 per square foot."

Keppel Land plans to sell the units in phases of about 200 to 300 units each.

Mr Tan said, "We're very mindful that we do not disappoint our customers. So we will review the plans when we come to it. If we can sell over 500 units in a very short period, then we have to review our plans again on whether we want to immediately sell the rest or to wait for a while."

With direct access to a marina, analysts have said Reflections is the catalyst needed for the West Coast to turn into the new East Coast.

This was despite properties on the East Coast, especially near the Tanjung Rhu and Meyer Road area, being the conventional choice for waterfront living.

Donald Han, Managing Director, Cushman & Wakefield, said, "For the West Coast, you're targeting on a pent-up demand, something that has never been there. So we expect a fairly good launch. We expect good take-up. We expect the developers to control the supply, not to release everything at one go.

"The West Coast is now playing catch up with the East Coast. And depending on the sell out, whether this project is going to be a sell-out, or the reception from the investors, overall, prices are being re-evaluated quite comparative to the East Coast market for premier, desired, quality lifestyle residential projects."

Although the recreational community and food and beverage outlets in the area are not as established as the ones in the East Coast, analysts have said there are a few other things going for the area.

There is the Sentosa Integrated Resort, as well as business enclaves like the HarbourFront Centre, the Alexandra Technopark and conglomerates like the PSA and NOL to offer a steady stream of corporate tenants.

Keppel Land plans to open Reflections at Keppel Bay for sale to the public this Friday. - CNA/ms

mr funny
04-04-07, 16:44
April 4, 2007

Reflections condo preview fetching up to $2,400 psf

By Joyce Teo, Property Correspondent


http://img403.imageshack.us/img403/9625/stimagesmnyjtreflectionzi1.png
DOING WELL: Keppel said it has sold around 124 out of 150 released units at the condo, designed by American architect Daniel Libeskind. The prices averaged $1,900 psf to $1,950 psf.


SALES for the latest 99-year leasehold waterfront condominium - Reflections at Keppel Bay - started yesterday with the highest price recorded at just over $2,400 per sq ft (psf).

Developer Keppel group said it has sold around 124 out of 150 released units at the condo, which was designed by renowned American architect Daniel Libeskind.

The prices averaged $1,900 psf to $1,950 psf - a new benchmark for the HarbourFront/ Sentosa area.

Another waterfront condo Marina Bay Residences in Marina Bay had achieved an average price of $1,950 psf last December.

Yesterday was the preview for directors, staff, business associates and a small group of very important guests.

At least 30 per cent of those who bought into the 1,129-unit project were foreigners, said Keppel Land director (Singapore residential) Augustine Tan.

Today and tomorrow will be the preview for invited guests, followed by the public launch on Friday.

'The plan is to release about 500 units progressively,' Mr Tan said at the 30,000 sq ft showflat last night, but more will be released if demand is strong.

The highest-priced unit so far - at just over $2,400 psf - was for a villa unit in a low-rise block. It cost around $8 million.

Reflections at Keppel Bay has six tall glass towers of 24 and 41 storeys and 11 shorter blocks of villa apartments.

Not all the blocks have sea views. Some units face the channel separating the project from Caribbean at Keppel Bay while others look over the Keppel Golf Course.

The project has 35 penthouses - including a 13,300 sq ft super penthouse - that are being kept back for sale at a later date, but bids are being sought. They will be priced higher than $2,400 psf, said Mr Tan, and will likely go to the highest bidders.

Keppel has received some offers from foreign funds for its tall glass towers but it has yet to decide if it will sell entire blocks this way.

Meanwhile, the positive vibes from Reflections has spilled over to Keppel's 969-unit Caribbean at Keppel Bay condo next door.

Recent resale deals have been done at close to or over $1,000 psf, with the highest being $1,314 psf, according to caveats lodged.

As recently as last November, there were deals made at as low as $600 psf to $800 psf.

Teacher
04-04-07, 18:30
Re: One Shenton Way (D1, 99 year leasehold, CDL)

--------------------------------------------------------------------------------

I can confirm the rumour that agents are finding hard to sub sell all the One Shenton units. Only the big and good units were able to sub sell. The rest of the hundreds of small units very very hard to sell These people may have to sub sell at a loss, if they cannot pay up in time. The deadline for full 20% downpayment is coming up.

To anyone holding One Shenton... good luck!

Reflection buyers will face the same thing , worst of it all is that now property market has laready cooled down somemore . Wonder how many flippers dare to play reflections . Very interested to see how many suckers are there in the market . Tue will be reflections of the number of flippers in SG , haha .


Did we not told you to buy? See what happened now? You missed the boat again! It's already over $2,400 psf now! Next time, open your ears and listen.

Unregistered
04-04-07, 18:34
yeah teacher say must listen ok? :D

Snapper
04-04-07, 18:44
Did we not told you to buy? See what happened now? You missed the boat again! It's already over $2,400 psf now! Next time, open your ears and listen.


Teacher, I have always being you good student. But, I can't join you at Reflection @ Keppel Bay this time. I am busy at The Seafront @ Meyer and The Belvedere.

See you next time!
Don't forget to Snap, Snap, Snap!
Snap up the Reflection.
I will Whack, Whack, Whack!
Whack up all the units in Seafront and Belvedere subsales.

joe
04-04-07, 18:46
:scared-4: :scared-4: :D


Teacher, I have always being you good student. But, I can't join you at Reflection @ Keppel Bay this time. I am busy at The Seafront @ Meyer and The Belvedere.

See you next time!
Don't forget to Snap, Snap, Snap!
Snap up the Reflection.
I will Whack, Whack, Whack!
Whack up all the units in Seafront and Belvedere subsales.

Timer
04-04-07, 19:03
Teacher, I have always being you good student. But, I can't join you at Reflection @ Keppel Bay this time. I am busy at The Seafront @ Meyer and The Belvedere.

See you next time!
Don't forget to Snap, Snap, Snap!
Snap up the Reflection.
I will Whack, Whack, Whack!
Whack up all the units in Seafront and Belvedere subsales.


Snap? Snap what?
Teacher you are late!

Whack? Whack what?
Many others will block you from whacking Seafront and Belvedere.

Bye! Bye!

decisive
05-04-07, 10:04
any latest update on number of units sold?

Unregistered
07-04-07, 10:43
Wow , this reflections is going to be good for property agents . After the sale they will reflect on their commisions . The buyer on the other hand will reflect on how stupid the were , after the prices are corrected . So much for reflections .买很容易,要卖的时候你就知道.

Unregistered
07-04-07, 16:40
Many diff people were at the showroom today . Very vast variant of peoples today . Ah pek , hbd , smart looking , gay couples , foriegners . All types , but they all have one thing in common , Please let me know what is their common thread .
Thanks .

Unregistered
07-04-07, 16:43
Just back from the reflections showroom , wow , quite a bit of people there , mix crowd of HDB looking type , chic sgporeans , gays and foreigners . Looks like the advertisment really helped , haha , i did not hang around too long as i am not interested in losing money . BTW did not visually see anybody close a deal during my hang around , i guess you need to really be convinced to swallow any unit of this price . Too much to have an upside , very easy to go downslide . But it was fun though looking at curiousity of people .

Jeez
07-04-07, 17:37
All I want to say is, good luck flipping! :D

Unregistered
07-04-07, 17:49
Was down at Reflections launch this morning, really has stunning views. Expensive until balls drop though, but CBRE agent said over 300 units sold so far. I heard a young guy boast about spending $7m on a Villa to his friends on the phone!

Supporter
07-04-07, 21:16
Was down at Reflections launch this morning, really has stunning views. Expensive until balls drop though, but CBRE agent said over 300 units sold so far. I heard a young guy boast about spending $7m on a Villa to his friends on the phone!


300 units sold?
Cool!
Keep going man.
Go go go!

Unregistered
08-04-07, 11:28
Really lots of stupid buyers out there , hahaha , check the classified papers , apparently ONE SHENTON has many many units for sale from developer , didn't ONE SHENTON sell out all at double quick time ? I give this senario to pick you simple minds .

Unregistered
08-04-07, 11:32
Really lots of stupid buyers out there , hahaha , check the classified papers , apparently ONE SHENTON has many many units for sale from developer , didn't ONE SHENTON sell out all at double quick time ? I give this senario to pick you simple minds .

Heard a lot of speculators jump ships as they couldn't unload their units.
With so many of the high end projects comes on board in just six months (many more in the pipeline in the next months), real buyers are not going to rush in, only Ah Pah, Ah Soh and those greedy yuppies rush in and trying to get a quick buck and ending up losing their hard earned saving

Unregistered
08-04-07, 11:34
How to speculate at such prices ? To stay it is also too expensive !!!! I salute to the buyers or flippers that have purchased reflections . I rather buy toto , higher chance of making money . To stay , i can buy 2 penthouses with spare change at subprime area . One to stay and One to rent . Crazy and nonsense prices , hahaha.

Teacher
08-04-07, 11:38
While you fools continue to talk nonsense, the market will not wait for you fools. It will continue its upclimb.
Bye bye losers!

The buyers are still buying. The prices are still moving up.
Stay down below, fools!
Bye bye losers!

sian
08-04-07, 11:46
You are right , if one shenton has left over units . Reflections will have a problem . In fact , by selling in phases , they will be cutting their own throats . 2 weeks later when the flippers dump the units back , the 2nd phase buyers will start to shiver . People are too optimistic with no substantial evidence to back up this so called property boom with a 85% hdb home owners society . During the 2 earlier booms , SGpoearns are really flushed and richer on a whole , now ???? Unless the foreigners are really coming in hordes , if not , this property boom is very artificial . I see one thread on deferred payment scheme . If there is a boom , there will be no use of deferred payment scheme , but why does it still exists ? Because , the deferred payment scheme is fueling the hype .

sian
08-04-07, 11:49
This so called teacher is a 100% property agent asshole that only cares about his 1 % . You are a true asswipe , teacher !

teacher(property agent)
08-04-07, 11:51
Really lots of stupid buyers out there , hahaha , check the classified papers , apparently ONE SHENTON has many many units for sale from developer , didn't ONE SHENTON sell out all at double quick time ? I give this senario to pick you simple minds .
Teacher , go and check about the ONE SHENTON project that supposed to be sold out , before you talk rubbish and try to hype here .

sian
08-04-07, 11:56
Many diff people were at the showroom today . Very vast variant of peoples today . Ah pek , hbd , smart looking , gay couples , foriegners . All types , but they all have one thing in common , Please let me know what is their common thread .
Thanks .
One thing in common is that they have consumer mentality . The advertistment may be good and classy , but this is no PRADA bag or GUCCI shoe , we are talking about ave 2 million dollars up . If you buy a branded item , maybe you stand to lose a few hundred to a thousand , but can use take it when you lose hundreds of thousands to even a million if you make the wrong move ?

wat a joke
08-04-07, 12:06
Saw some buyers walking in from the main road , if they can't even pay for a cab fare into reflections showroom , how the hell can they afford to buy reflections ? Too many wasting time people in the reflections showroom , must be the advertising , those that cannot afford still want to look at it .
Some with hdb addresses somemore , what a joke . Must have mistaken reflections or lakeshore .

sian
08-04-07, 12:13
Really lots of stupid buyers out there , hahaha , check the classified papers , apparently ONE SHENTON has many many units for sale from developer , didn't ONE SHENTON sell out all at double quick time ? I give this senario to pick you simple minds .
I checked the URA caveat website for ONE SHENTON . Based on what i see there , Only 81 units there have exercised the option . ONE SHENTON has how many units there ????
Check the URA CAVEATS . You guys will be shocked .

http://spring.ura.gov.sg/lad/ore/real_estate/proj_name_transac_action.cfm?survey=1

caveat
08-04-07, 12:41
I checked the URA caveat website for ONE SHENTON . Based on what i see there , Only 81 units there have exercised the option . ONE SHENTON has how many units there ????
Check the URA CAVEATS . You guys will be shocked .

http://spring.ura.gov.sg/lad/ore/real_estate/proj_name_transac_action.cfm?survey=1

Some buyers do not bother to lodge caveats because they intend to sell before TOP.

Unregistered
08-04-07, 13:14
Some buyers do not bother to lodge caveats because they intend to sell before TOP.

If that is the case, it is scary as this would show there are just too many speculators out there.

Only when folks with deep pockets can sustain the "push up" effect. There are plenty of folks out there with deep pockets, but these are the folks who invest heavily during the SARS and 911 time. No wonder "rich gets richer and poor gets poorer"

Unregistered
08-04-07, 13:35
After the newspaper reported that some people did not exercise their options for One Shenton (because unable to find buyers), I guess the level of speculative activity has probably decreased.

With the high psf prices for Reflections and the huge number of units, I think speculators would be deterred from trying. Of course there would still be some amount of speculation activity, because these speculators are super bullish about the property market and think that prices will go up.

camelot
08-04-07, 16:16
Was just at the showroom earlier. A lot of people but many were like me... just to look see. A lot of agents idling around too...Pricing is definitely on the high side. Developer is still holding back some blocks. It will definitely take a while to sell out. Risk/reward ratio is pretty high at this juncture. If you are looking to flip in the short term, pls stay out... you need min 2yrs to make money (provided the market is still healthy by then).

hello
08-04-07, 16:25
Hi Camelot,

While you were at the showflat, did they say how many units have been sold? Or how many units have sold today?

camelot
08-04-07, 16:49
Hi Camelot,

While you were at the showflat, did they say how many units have been sold? Or how many units have sold today?

Agent said moe than 50% of what was launched. So we are potentially looking at maybe 300+ units?

Art Garfunkel
08-04-07, 21:19
Agent said moe than 50% of what was launched. So we are potentially looking at maybe 300+ units?

Some crazy people are actually thinking of flipping the Reflections units that they bought! They are asking $2500psf for low floors. This is absolutely ridiculous! 1000 over units and they think they can flip... oh my god..

reflections overhyped
08-04-07, 23:37
Hi Camelot,

While you were at the showflat, did they say how many units have been sold? Or how many units have sold today?
Apparently on sat number of units sold were less then 20 based on reliable property agents there who said the truth . Looks like speculation has its limit , even flipper know you cannot flip up at the asking prices , only to lose money .

property BOOMED !!!
08-04-07, 23:45
Saw some buyers walking in from the main road , if they can't even pay for a cab fare into reflections showroom , how the hell can they afford to buy reflections ? Too many wasting time people in the reflections showroom , must be the advertising , those that cannot afford still want to look at it .
Some with hdb addresses somemore , what a joke . Must have mistaken reflections or lakeshore .
Yes , he is right , because smart investors or flippers know that reflections have no upside potential . So , they are staying out ! One shenton is the best example of overhyped and kena stuck , i checked the caveats for one shenton , only 81 units exercised . But the media said that all sold ? WTF???
After that said 10% withdrawn ??? WTF??? 81 consitutes what percentage of One shenton ? I think with need to speak to CASE to protect buyer's interest . This country getting a bit dangerous for wat i see . Very Scary .

camelot
08-04-07, 23:46
Apparently on sat number of units sold were less then 20 based on reliable property agents there who said the truth . Looks like speculation has its limit , even flipper know you cannot flip up at the asking prices , only to lose money .

Possibily. As I said earlier... most whom were thr today didnt hv the intention to buy. However, I believe they have sold at least 200-300 units so far coz there were long queues during the private previews (acc to friends who went). Many bot then thinking this will be another easy money... NOT!

Elvis 99
08-04-07, 23:53
CAVEAT EMPTOR , Buyers beware .
This is the new age , the new age of
The rich to be richer and the poor , poorer .
If you do not want to be the latter , be smart .
Use your brains , not your greed .
Use your knowledge , not your impulsiveness .
Finally and foremost , Wise men said , only fools rush in .

Elvis 99
08-04-07, 23:57
Possibily. As I said earlier... most whom were thr today didnt hv the intention to buy. However, I believe they have sold at least 200-300 units so far coz there were long queues during the private previews (acc to friends who went). Many bot then thinking this will be another easy money... NOT!

Wonder if keppels' own people can buy and transfer back to keppel later on ? Can it be done and if it is done , is it illegel ? Many questions nowadays in consumers mindsets . We live in dangerous times .

Unregistered
08-04-07, 23:57
Yes , he is right , because smart investors or flippers know that reflections have no upside potential . So , they are staying out ! One shenton is the best example of overhyped and kena stuck , i checked the caveats for one shenton , only 81 units exercised . But the media said that all sold ? WTF???
After that said 10% withdrawn ??? WTF??? 81 consitutes what percentage of One shenton ? I think with need to speak to CASE to protect buyer's interest . This country getting a bit dangerous for wat i see . Very Scary .

Lodging a caveat is optional. Some buyers choose not to lodge caveats because they are hoping to see the units before TOP.

hello
09-04-07, 00:00
300 units sold within a few days is a good achievement, considering that this project has over 1000 units.

botak james
09-04-07, 00:01
Wonder if keppels' own people can buy and transfer back to keppel later on ? Can it be done and if it is done , is it illegel ? Many questions nowadays in consumers mindsets . We live in dangerous times .
Wonder if there is an association to look into and protect the rights of consumers for high end products like property in SG ? Nowadays too much artificial hype and too much lies and deceit around , we consumers are getting a bit sick of this .

camelot
09-04-07, 00:06
300 units sold within a few days is a good achievement, considering that this project has over 1000 units.

Don't expect the proj to sell out in days. It has over 1000 units and pricing is not cheap too. There'll be buyers... slowly but surely. Just don't expect to make a killing in a short period. If you hv the stomach for a min 2-yr wait... then can take a plunge otherwise stay out.

property BOOMED !!!
09-04-07, 00:07
Lodging a caveat is optional. Some buyers choose not to lodge caveats because they are hoping to see the units before TOP.
Pls lah , only small percentage of buyers whether to invest or sell will not lodge caveat . Caveat lodge is very important to show that you are the owner . The true picture is not rosy , you just do not dare to admit it . You definately are an agent .

Unregistered
09-04-07, 00:07
Wonder if there is an association to look into and protect the rights of consumers for high end products like property in SG ? Nowadays too much artificial hype and too much lies and deceit around , we consumers are getting a bit sick of this .

The Consumer Association of Singapore (CASE).

botak james
09-04-07, 00:16
Don't expect the proj to sell out in days. It has over 1000 units and pricing is not cheap too. There'll be buyers... slowly but surely. Just don't expect to make a killing in a short period. If you hv the stomach for a min 2-yr wait... then can take a plunge otherwise stay out.
Camelot , you an agent in reflections is it ? haha . You sound like a financial adviser for reflections . People believe in your shit , will burn like a pizza in an oven . The price launched is based on the believe that 2 years later this will be the price . I rather believe in GOD .

Unregistered
09-04-07, 00:19
Buyers of luxury projects slow to lodge caveats

February 6th, 2007

Buyers of luxury apartments launched of late are not rushing to stake legal claim on the properties by lodging caveats on them, official data shows.

Figures from the Urban Redevelopment Authority’s (URA) Realis website shows that in some instances, fewer than a quarter of the units sold have seen caveats lodged on them even a few months after the launch.


Industry players attribute this to a variety of reasons, including speculators looking to sell their properties quickly, the newly introduced deferred payment scheme, and good buyer-developer relationships.

At Marina Bay Residences, for example, just 75 caveats for new sales had been filed as of Jan 31, although the 428-unit development was fully sold by mid-December last year. The project is by a consortium comprising Keppel Land, Cheung Kong Holdings and Hongkong Land.

Similarly, only 66 new sale caveats have been lodged for the 111 apartments sold in Wheelock Properties’ Ardmore II. The project has 118 units. Other recently launched developments where the number of new sale caveats lodged falls short of the number of units sold include City Developments’ St Regis Residences (87 new sale caveats lodged for around 128 units sold) and Tribeca By The Waterfront (29 caveats for more than 112 units sold) and Ho Bee’s The Coast at Sentosa Cove (98 caveats for more than 240 units), among others.


Lawyers BT spoke to said that while lodging a caveat when acquiring a new property is not mandated by law, new owners are usually advised to do so to stake their claims on their properties. One reason for this new trend could be due to buyers looking to resell their apartments soon after buying them.

Nowadays, there are a number of people who don’t lodge caveats when they buy,’ said DTZ Debenham Tie Leung executive director Ong Choon Fah. We suspect the caveats are popping up in the subsale market instead.


URA classifies caveats for new projects as either those for new sales or those for subsales.


Mrs Ong said she first started noticing the trend about 1-2 years ago. While historically, for every development, there have always been some buyers who choose not to lodge caveats, the proportion has increased over the past couple of years, she says.

Another reason is the deferred payment schemes offered by developers, which means there is no immediate need to get financing.


Deferred payment schemes have been a popular option for property buyers, accounting for more than 90 per cent of transactions in recent new Marina Bay and downtown projects, according to Citigroup. Such arrangements also favour buyers looking to resell their properties on the subsale market.


The deferred scheme may be encouraging the entry of speculators and fuelling stronger price increases in the primary residential market,’ said Citigroup economist Chua Hak Bin. Sub-sale transactions have quadrupled from two years ago. Median prices of uncompleted projects have risen by about 20 per cent from their recent lows, double that of the 10 per cent for completed projects.’ The scheme allows buyers to fork out only a 10 per cent or 20 per cent downpayment on a property, with the rest due upon completion - sometimes as much as three years later. Buyers need not worry about further payments during the construction phase and the ample period of three years also allows the buyer time to resell the property for a profit.

Buyers could also simply be letting the task of lodging caveats slide, since they are secure in the knowledge that big-name developers are not likely to sell the same unit twice, said Norman Ho, senior real estate partner with law firm Rodyk & Davidson. This is especially likely, he said, considering the volume and speed of recent high-end property launches.


They (buyers of new properties) are buying directly from the developers, so they are very, very safe - the developer is not going to sell the same property twice,’ said Mr Ho.

Despite this, lawyers will always advise clients to file caveats just to cover all bases.

More caveats for newly launched upmarket developments are likely to be filed in the coming weeks. Mr Ho explained that in every transaction, there is a time lag of about five weeks between the time the option-to-purchase is granted by the developer and the time the sale-and-purchase agreement is signed by both parties. The sale-and-purchase agreement is needed before a caveat can be filed.


However, with the high levels of resale and subsale activity on the market now - aided in part by the deferred payment scheme - the proportion of new sale caveats lodged is unlikely to climb by too much, market watchers said. Source: The Business Times, 06

CASE
09-04-07, 00:19
The Consumer Association of Singapore (CASE).
Sorry to say but based on many incidents that i see , CASE is very ineffective even in handling small cases < $5000 . As a very forward , open and clean country , looking at consumer rights ....... i can say , we ...are ....truly .......XXXXed !!!!

camelot
09-04-07, 00:21
Camelot , you an agent in reflections is it ? haha . You sound like a financial adviser for reflections . People believe in your shit , will burn like a pizza in an oven . The price launched is based on the believe that 2 years later this will be the price . I rather believe in GOD .

Botak! I am no agent. Not a buyer of this proj too. Just an investor who happens to make a lot of money in buying the right properties :)

Remember the time when The Sail was launched at close to S$1000psf? Many then said... crazy to pay so much for 99yr leasehold... look at it now.

WoW
09-04-07, 00:24
Buyers of luxury projects slow to lodge caveats

February 6th, 2007

Buyers of luxury apartments launched of late are not rushing to stake legal claim on the properties by lodging caveats on them, official data shows.

Figures from the Urban Redevelopment Authority’s (URA) Realis website shows that in some instances, fewer than a quarter of the units sold have seen caveats lodged on them even a few months after the launch.


Industry players attribute this to a variety of reasons, including speculators looking to sell their properties quickly, the newly introduced deferred payment scheme, and good buyer-developer relationships.

At Marina Bay Residences, for example, just 75 caveats for new sales had been filed as of Jan 31, although the 428-unit development was fully sold by mid-December last year. The project is by a consortium comprising Keppel Land, Cheung Kong Holdings and Hongkong Land.

Similarly, only 66 new sale caveats have been lodged for the 111 apartments sold in Wheelock Properties’ Ardmore II. The project has 118 units. Other recently launched developments where the number of new sale caveats lodged falls short of the number of units sold include City Developments’ St Regis Residences (87 new sale caveats lodged for around 128 units sold) and Tribeca By The Waterfront (29 caveats for more than 112 units sold) and Ho Bee’s The Coast at Sentosa Cove (98 caveats for more than 240 units), among others.


Lawyers BT spoke to said that while lodging a caveat when acquiring a new property is not mandated by law, new owners are usually advised to do so to stake their claims on their properties. One reason for this new trend could be due to buyers looking to resell their apartments soon after buying them.

Nowadays, there are a number of people who don’t lodge caveats when they buy,’ said DTZ Debenham Tie Leung executive director Ong Choon Fah. We suspect the caveats are popping up in the subsale market instead.


URA classifies caveats for new projects as either those for new sales or those for subsales.


Mrs Ong said she first started noticing the trend about 1-2 years ago. While historically, for every development, there have always been some buyers who choose not to lodge caveats, the proportion has increased over the past couple of years, she says.

Another reason is the deferred payment schemes offered by developers, which means there is no immediate need to get financing.


Deferred payment schemes have been a popular option for property buyers, accounting for more than 90 per cent of transactions in recent new Marina Bay and downtown projects, according to Citigroup. Such arrangements also favour buyers looking to resell their properties on the subsale market.


The deferred scheme may be encouraging the entry of speculators and fuelling stronger price increases in the primary residential market,’ said Citigroup economist Chua Hak Bin. Sub-sale transactions have quadrupled from two years ago. Median prices of uncompleted projects have risen by about 20 per cent from their recent lows, double that of the 10 per cent for completed projects.’ The scheme allows buyers to fork out only a 10 per cent or 20 per cent downpayment on a property, with the rest due upon completion - sometimes as much as three years later. Buyers need not worry about further payments during the construction phase and the ample period of three years also allows the buyer time to resell the property for a profit.

Buyers could also simply be letting the task of lodging caveats slide, since they are secure in the knowledge that big-name developers are not likely to sell the same unit twice, said Norman Ho, senior real estate partner with law firm Rodyk &amp; Davidson. This is especially likely, he said, considering the volume and speed of recent high-end property launches.


They (buyers of new properties) are buying directly from the developers, so they are very, very safe - the developer is not going to sell the same property twice,’ said Mr Ho.

Despite this, lawyers will always advise clients to file caveats just to cover all bases.

More caveats for newly launched upmarket developments are likely to be filed in the coming weeks. Mr Ho explained that in every transaction, there is a time lag of about five weeks between the time the option-to-purchase is granted by the developer and the time the sale-and-purchase agreement is signed by both parties. The sale-and-purchase agreement is needed before a caveat can be filed.


However, with the high levels of resale and subsale activity on the market now - aided in part by the deferred payment scheme - the proportion of new sale caveats lodged is unlikely to climb by too much, market watchers said. Source: The Business Times, 06
IF this article is true , in other words , this whole market right now is based on speculation and not investment or staying . Wow , when the shit hits the fan , i will see where the foreigners run to . Rampant speculation = Super big bubble .

botak james
09-04-07, 00:26
Botak! I am no agent. Not a buyer of this proj too. Just an investor who happens to make a lot of money in buying the right properties :)

Remember the time when The Sail was launched at close to S$1000psf? Many then said... crazy to pay so much for 99yr leasehold... look at it now.
Ahhhh... yes but that is $1,000psf , this is $1,700-2500psf . Don't tell me there is no diff ?

botak james
09-04-07, 00:29
Ahhhh... yes but that is $1,000psf , this is $1,700-2500psf . Don't tell me there is no diff ?
I have been playing this game already with profits , that is why i become botak , hahaha , overthink , but , now the prices cannot be supported anymore . All pure and simple speculation . If Indonesians do not touch it , i will also not touch it , even with a long stick .

camelot
09-04-07, 00:31
Ahhhh... yes but that is $1,000psf , this is $1,700-2500psf . Don't tell me there is no diff ?

I didn't say that it's cheap. Pricing is rich... but if the economy keeps growing and foreigners keep coming in. With the new IRs.... Hey, a few yrs from now, we may look back and say... this proj is not so expensive after all :) Just like now you wud say of The Sail :) Right?

botak james
09-04-07, 00:52
I didn't say that it's cheap. Pricing is rich... but if the economy keeps growing and foreigners keep coming in. With the new IRs.... Hey, a few yrs from now, we may look back and say... this proj is not so expensive after all :) Just like now you wud say of The Sail :) Right?
Nope , i do not agree with you . Go ahead and buy i dare you , haha . That is unless you are a property agent in reflections , haha , then i say , go ahead and sell .

camelot
09-04-07, 00:59
Nope , i do not agree with you . Go ahead and buy i dare you , haha . That is unless you are a property agent in reflections , haha , then i say , go ahead and sell .

Nope! I won't buy coz I find the risk/reward ratio is not worth the while. Having said that, am not saying that those who bought hv made the wrong move. They are simply betting that the market will go higher.... This is just like stock market.... A year ago, Keppel Land was just at $3+... last Thur, it closed at $9.30. Will you still buy at this level? :)

botak james
09-04-07, 01:15
Nope! I won't buy coz I find the risk/reward ratio is not worth the while. Having said that, am not saying that those who bought hv made the wrong move. They are simply betting that the market will go higher.... This is just like stock market.... A year ago, Keppel Land was just at $3+... last Thur, it closed at $9.30. Will you still buy at this level? :)
What do you think ? hahaha , i am still thinking of when to sell 10 lots of $4.20 which i bought , hahaha .

SouthBeach Miami Florida
09-04-07, 12:59
What do you think ? hahaha , i am still thinking of when to sell 10 lots of $4.20 which i bought , hahaha .


Market will prove that you are wrong to say Reflection price has no potential to move higher. Let's wait 6 months and see.

Market will prove you that there will be sufficient buyers for Reflection. Let's wait and see.

It's Market vs Botak James. Cool!

Teacher
09-04-07, 13:02
Camelot , you an agent in reflections is it ? haha . You sound like a financial adviser for reflections . People believe in your shit , will burn like a pizza in an oven . The price launched is based on the believe that 2 years later this will be the price . I rather believe in GOD .


Stop calling people agents lah.
Investors used this forum to discuss and make decision.

Not every investors have the same view. Some views are bullish, some are bearish. It doesn't mean those with bullish views are agents.

Teacher
09-04-07, 13:05
IF this article is true , in other words , this whole market right now is based on speculation and not investment or staying . Wow , when the shit hits the fan , i will see where the foreigners run to . Rampant speculation = Super big bubble .


Slow to lodge - not don't want to lodge.
So a deal concluded at $2,000 psf today may take 2 to 9 months to appear on the URA data.
If you look at the URA data, the highest may be $1,400 psf. This will lead you to say that the guy who bought at $2,000 psf is overpaying. In actual fact, he may not be because there might a deal at higher than $2,000 psf but not reflected on URA data.

Teacher
09-04-07, 13:07
Ahhhh... yes but that is $1,000psf , this is $1,700-2500psf . Don't tell me there is no diff ?


$1,000 psf is too high lah.
Last time only $250 psf what!


$250 psf is too high lah.
Last time only $50 psf what!

Teacher
09-04-07, 13:08
Nope , i do not agree with you . Go ahead and buy i dare you , haha . That is unless you are a property agent in reflections , haha , then i say , go ahead and sell .


So just because you do not agree means everybody cannot buy?
So when are you going clearance for us to buy?

Observer
09-04-07, 13:09
So just because you do not agree means everybody cannot buy?
So when are you going clearance for us to buy?


Ignore him!
He is a sour-grape idoit!

Bypasser
09-04-07, 20:33
Very outstanding exterior but interior doable.
Keppel Land should have done a better job in the interior.

botak james
09-04-07, 21:36
haha , you guys say so much , you bought ? Tell me to verify . If not all talk no action .

joe
09-04-07, 22:46
Sales Update on Reflections at Keppel Bay


More than 80% of the 350 units released for sale at Reflections at Keppel Bay have been sold over the last few days. At the soft launch last week, Keppel released 1 pair of the tower blocks and 4 villa blocks. However, to cater to strong demand, Keppel released a few floors of another tower block over the weekend.

The average price achieved for the units sold is about $1,900 psf. The highest price achieved is $2,520 psf for 2 prime 4-bedroom units in one of the villa blocks. So far, 60% of the buyers are Singaporean, with the remaining 40% coming from a wide spectrum of nationalities. These include Koreans, Indonesians, Malaysians, Chinese (PRC) as well as Americans, Australians, New Zealanders and British.

Adviser
09-04-07, 22:47
I don't need seaview so I give the most expensive units a miss.
Those facing golf course are OK what! $1,3xx psf only! No need to kill myself to get an unit.

joe
09-04-07, 22:48
SALES UPDATE ON REFLECTIONS AT KEPPEL BAY

Observer
09-04-07, 22:48
Sales Update on Reflections at Keppel Bay


More than 80% of the 350 units released for sale at Reflections at Keppel Bay have been sold over the last few days. At the soft launch last week, Keppel released 1 pair of the tower blocks and 4 villa blocks. However, to cater to strong demand, Keppel released a few floors of another tower block over the weekend.

The average price achieved for the units sold is about $1,900 psf. The highest price achieved is $2,520 psf for 2 prime 4-bedroom units in one of the villa blocks. So far, 60% of the buyers are Singaporean, with the remaining 40% coming from a wide spectrum of nationalities. These include Koreans, Indonesians, Malaysians, Chinese (PRC) as well as Americans, Australians, New Zealanders and British.


Wow! Cool!

Observer
09-04-07, 22:49
I don't need seaview so I give the most expensive units a miss.
Those facing golf course are OK what! $1,3xx psf only! No need to kill myself to get an unit.


But seaview ones better leh.

ahlahdin
09-04-07, 23:49
Keppel's Reflections ups the bar in the west

By Jeana Wong, Channel NewsAsia | Posted: 09 April 2007 2305 hrs


SINGAPORE: Keppel Land has sold more than 80 percent of the 350 units released for sale at its Reflections at Keppel Bay development.

The units were sold for an average price of about S$1,900 per square foot.

60 percent of the buyers are Singaporeans, with the rest from places like South Korea, Indonesia, Malaysia, China and the US.

There is now talk of the west turning into another premier waterfront living enclave, beating its more established east coast counterpart.

Augustine Tan, Director, Singapore Residential, Keppel Land, said: "I think we're certainly setting a benchmark for this area. And it's very much because of the architecture. After this launch, people will be looking at higher quality. They'll be looking at the lifestyle that we provide in terms of the waterfront housing."

Reflections is Keppel Land's second of five planned developments in the HarbourFront area, after The Caribbean.

Some analysts said there is pent-up demand for high-end projects in the area to rival traditionally popular areas like the east coast.

Donald Han, Managing Director, Cushman & Wakefield, said: "With the introduction of Reflections, it's raising the profile of the west coast area as a preferred, quality, waterfront living.

"In Orchard Road, you've got a catalyst in the form of the Orchard Turn residential project. In the east, you've got the catalyst of the Guocoland project.

"In Sentosa, you've got a few catalysts like The Cove, which has all sold at record price. In the west coast now, the catalyst that will start reevaluation of all the prices around the area is going to be Reflections."

But other market watchers wonder if a single, iconic project such as Reflections is enough to jazz up the entire west coast.

Nicholas Mak, Consultancy & Research Director, Knight Frank, said: "This is something that is rather unique to the development because firstly, it will be an architectural icon. And secondly, this development is really right next to the seafront. And it also provides marina facilities, which is something that is not found in the other developments that are in districts 4 or 5."

Districts 4 and 5 include the Sentosa Cove, HarbourFront and Telok Blangah areas.

Knight Frank said private home prices in these areas are rising faster because of the hype over the Sentosa integrated resort.

It said while the average sale prices of other 99-year leasehold condominiums further out in the Telok Blangah area has grown some 20 percent on year, the prices are still only around S$600 to S$650 per square foot.



- CNA/so

botak james
10-04-07, 09:29
I don't need seaview so I give the most expensive units a miss.
Those facing golf course are OK what! $1,3xx psf only! No need to kill myself to get an unit.
$1,300psf for golf course unit ? Sure ?

botak james
10-04-07, 09:30
Wow , this thread really has a lot of agents posting . Property agents are very hard working people i can see .

Onlooker
10-04-07, 10:45
Wow , this thread really has a lot of agents posting . Property agents are very hard working people i can see .


It's time to ignore these sour-grape idiots.

Now even says The Straits Time, Business Times and Channel News Asia are agents!
Crap!

Loser bye bye!

Adviser
10-04-07, 10:51
$1,300psf for golf course unit ? Sure ?


That's what they offered me last week.
These are low-floor ones.
Not sure if there are any units left or the prices have increased.
Best for you to call them and check with them.

Wild Wild West
10-04-07, 11:25
Sales Update On Reflections At Keppel Bay

Description More than 80% of the 350 units released for sale at Reflections at Keppel Bay have been sold over the last few days. At the soft launch last week, Keppel released 1 pair of the tower blocks and 4 villa blocks. However, to cater to strong demand, Keppel released a few floors of another tower block over the weekend.

The average price achieved for the units sold is about $1,900 psf. The highest price achieved is $2,520 psf for 2 prime 4-bedroom units in one of the villa blocks. So far, 60% of the buyers are Singaporean, with the remaining 40% coming from a wide spectrum of nationalities. These include Koreans, Indonesians, Malaysians, Chinese (PRC) as well as Americans, Australians, New Zealanders and British.



$2,520 psf?
This is a new record for the area man!
How soon will this record be broken?
Incredible!

Suntec
10-04-07, 14:10
$2,520 psf?
This is a new record for the area man!
How soon will this record be broken?
Incredible!


$2,520 psf is nothing.
The penthouses will cost much more than that.

Anyway, no biggie! Those attending the City Scape Asia 2007 conference in Suntec may just grab the penthouses away. These people/funds have tons of cash.

www.cityscapeasia.com
http://www.cityscapeasia.com/Images/conferences/logo-cityscapeasia.png

showroom on sun
10-04-07, 17:04
Saw many people there , but onlookers a many , buyers ..... not really . Hear from what people say . " Wah so beautiful " , " Very nice view " and most comment " Too expensive " . After the first vip preview launch , advertistments were placed the next day for reflections units for sale . Wonder how many of the 280 so called units sold are buying to flip ? based on what many agents have told me , One shenton has not many secondary transactions . Wonder how reflections will fare in the secondary market .

Kiasu King
10-04-07, 19:17
Frederick Lim
Channel NewsAsia
10 April 2007

The Singapore property market has been performing well on a broad front across all sectors over the last two years to three years.

And according to National Development Minister Mah Bow Tan, a good part of it is due to strong foreign investment in Singapore's real estate.

Speaking at the Cityscape Asia property exhibition, he cited private sector figures which showed that Singapore's property market attracted a five-fold increase in foreign investment to S$5.4 billion last year, compared with 2004.

The Minister also said that the government is furthering its efforts to make Singapore more vibrant and exciting to attract even more overseas real estate investors.

Figures showed Singapore's property market is on the roll.

In the office sector, demand for space hit a six-year high in 2006.

Demand for shop space last year also grew by the highest annual increase since 1993.

And in the private housing market, a total of 10,300 uncompleted residential units were sold by developers in 2006 - a historical high surpassing the previous record of 9,800 set in 1994.

Of these, a quarter was bought by foreigners, including permanent residents.

And, foreign companies poured S$5.4 billion into Singapore's real estate market last year compared to just S$900 million in 2004.

National Development Minister Mah Bow Tan said: "More than just a good place to do business, I believe the other reason why we have been successful in attracting investments is that Singapore is, I submit, a great place to live in. We welcome people from different cultures, we offer a good quality living environment."

Mr Mah said that the government would continue to make Singapore's cityscape more beautiful and exciting so as to attract even more overseas property investors.

Singapore's city planner, the Urban Redevelopment Authority, says it is approaching this on two fronts.

URA's Chief Executive, Cheong Koon Hean, said: "What we now need to do is to add the vibrancy, give more variety. And I think we have to leverage on our strengths. Two things we need to capitalise on. The fact that we are an island, so we capitalise on water - the use of the water. And let water bring value and enhancement to the city. The second thing is our tropical-ness. Because our weather plants grow very well, we are already a garden city. But we can do better to make ourselves a city in a garden."

The URA has been releasing more land sites in the city to cater for greater demand for office, hotel, residential and mixed development use.

And these will be targeted at transforming the city into a better work-live-play environment.


Like that don't wait already!
Better go buy something now!

AsiaOne
10-04-07, 22:47
AsiaOne
10 April 2007

Singapore is now the centre of attention among regional and global investment industries as it hosts its first Cityscape Asia 2007 - an international convention and exhibition in the property, investment and development sectors.

This global networking event, which opened at Suntec City this morning, is similar to last year's Cityscape Dubai, which drew thousands of participants.

Cityscape Asia, opened by Minister for National Development Mah Bow Tan, will highlight regional investment opportunities, iconic architecture and best practices in development to an international investment industry. The event will end on April 12.

In his welcoming speech this morning, Mr Mah listed major Singapore achievements to show why this is "a global city of opportunities."

He also said the event is an excellent opportunity for major investors, developers and governmental authorities involved in major property developments to share their plans and network with other key movers and shakers.

It was timely to have the event in Asia as this region has been thriving, led by strong and sustained growth in China and India and the much-anticipated revival in Japan, Mr Mah added.

"General sentiments are positive and upbeat, and these have in turn led to positive spin-offs in other sectors of the regional economies, including the real estate sector," he added.

On Singapore as a strategic link and important gateway for global investors, he said: "With our central location, political stability and cosmopolitan character, we are well positioned to provide social and economic links between the East and the West.

"Financial institutions based in Singapore trade around the clock, with Asia-Pacific centres, European and American markets, thus making Singapore a significant hub for 24-hour trading in foreign exchange and securities."

Participants also heard Mr Mah list Singapore's new areas for growth.

Said Mr Mah: "We have restructured our economy to ride the wave of globalisation. In the manufacturing sector, we are focusing on developing key industries such as petrochemicals and wafer fabrication. We are also investing heavily in R&D, especially in the areas of biomedical, water technology, and interactive and digital media.

"We have built up a strong base in biotechnology and biomedicine, with a healthy international reputation and a good concentration of scientists based here. Going forward, more investment will be put into clinical research.

"Singapore is already one of the leading global players in water technology. Two of the largest water companies in the world, General Electric Water and Siemens Water Technologies, have established R&D centres here. Led by home grown firms like Keppel, Sembawang and Hyflux, Singapore will remain focused on exporting our water technology to countries that have increasing demand for water, such as those in the Middle East and China.

"In interactive and digital media, our technological university has already tied up with a Japanese company to produce Japanese anime, and going forward, there will be many other areas in this industry that we can develop.

"Being a major global air hub, Singapore will also focus on growing the aerospace industry. We have plans for a big aerospace park to be built in Seletar.

"With the Marina Bay Financial Centre (MBFC) in place, we aim to attract even more financial institutions and business services, to further strengthen our position as an international financial centre.

"As the range of financial products and services grows, Singapore will leverage on its sound economic and financial fundamentals, conducive regulatory and business environment, as well as skilled and educated workforce to play an even larger role in global finance and business. Many multinational companies have already chosen to base their regional headquarters in Singapore, and today we are Asia's leading hub for finance, bioscience, aviation, transport and logistics.

"Tourism is another priority sector for growth. We have embarked on a number of high impact tourism projects such as the two Integrated Resorts - one at Marina Bay, another at Sentosa; the Singapore Flyer - a 165m giant observation wheel at Marina Bay; and the Gardens by the Bay - three waterfront gardens with a combined area of 100Ha right in the heart of the city. Our target is to double annual visitor numbers to 17 million and triple tourism receipt to $30 billion by 2015."

Mr Mah added that another key strategy to boost economic growth in Singapore is to strengthen economic ties with key trading partners to achieve greater market access for exports.

"For example, in March 2006, we established the Korea-Singapore FTA (KSFTA), which is a milestone in Singapore's free trade efforts as it is the first comprehensive economic pact between Korea and an Asian partner. We also started negotiations for the China-Singapore FTA in October last year. We have previously concluded major bilateral trade agreements with other key economies throughout the world, including the US, Japan, India, New Zealand and Chile.

"Singapore's extensive network of Free Trade Agreements, Avoidance of Double Taxation Agreements and Investment Guarantee Agreements, as well as its comprehensive air, sea and IT infrastructures, provides for the seamless flow of goods and services to markets around the world."

He said the continued expansion of the Singapore economy will underpin and drive the growth of the property market. Our property market has been performing well over the last two to three years over a broad front across all sectors. Demand for all property sectors have been rising. Annual increase in demand for office space rose to a six year high of 290,000 sq m in 2006. Demand for shop space also grew strongly by 127,000 sq m in 2006, the highest annual increase since 1993.

"The hotel Average Room Rate (ARR) for 2006 was estimated to reach $164, an increase of 19.6 per cent over 2005. The Average Occupancy Rate (AOR) for hotels in 2006 was estimated at 85 per cent, registering a growth of 1.4 percentage point over that in 2005.

"Private housing also saw good take-up, with a total of 10,360 uncompleted private residential units sold by developers in 2006, a historical high annual take-up that surpassed the previous record of 9,860 units in 1994. Of these, 24.5% were bought by foreigners, including permanent residents."

Mr Mah said consultants have estimated that the total transaction value of investment by foreign companies in Singapore's real estate amounted to some S$5.4 billion in 2006, as compared to S$900 million in 2004.

"The investors in our real estate include companies based in the many countries, namely, the US, Hong Kong, Australia, Germany, Japan, Middle East and Indonesia," he added.

"Driven by positive sentiments the attractiveness of the Singapore Government's plans for key development areas, both local and foreign developers have been buying up development sites sold under the Government's sale of site programme over the past few years."

For example, development of the Marina Bay area has accelerated with the sale of sites for the Marina Bay Integrated Resort, the Marina Bay Financial Centre and the Collyer Quay lifestyle hotel and commercial development.

The announcement of the Government's plans to remake Orchard Road one of the world's premium shopping streets, has attracted investors to take up three prime sites in Orchard Road over the last two years.

"These developments will add vibrancy to the Orchard area and enhance its position as a premier shopping destination," he added.

REIT (Real Estate Investment Trust) is another growth area. Since the first REIT was launched in Singapore in 2002, it now has the largest REIT market outside Japan. Over the past four years, 15 REITs were listed on the Singapore stock exchange.

"Singapore has several key advantages for the continued development of REITs. Our pro-investor tax environment aside, Singapore's REITs are also well-diversified, offering investors exposure to income streams from the office, retail, industrial, hotel and logistics sectors. Several of the REITs listed in Singapore have also diversified offshore to Hong Kong, Australia and other Asia- Pacific countries. With these factors in place, Singapore has the potential to be the hub for REIT listings in the region."

Mr Mah also said that Singapore's pro-business environment is supported by a well-respected government with transparent and consistent policies that protect companies' physical and IP investments.

"These efforts have not gone unnoticed. Singapore, said Merrill Lynch in a recent report dated 30 Mar 2007, is 'becoming the Zurich and Monaco - not just of Southeast Asia - but of all Asia' as it develops into a premier private banking centre and a tourist destination with its casino resorts.

"More than just a good place to do business, Singapore is also a great city to live in. We welcome people from different cultures and offer a good quality living environment. We are ranked the best city to live in Asia by Mercer HR Consultants."

He pledged that Singapore will continue to step up its efforts to enhance the city as a great place to live, work and play.

"Our vision is to make Singapore a vibrant, global economy - a City in a Garden, with exciting developments, distinctive architecture, and enhanced greenery and waterfront access. Singapore will be an important destination, not only for business and travel, but also for international events and celebrations. With the development of many strategic areas, we believe that there are many opportunities for developers to invest in Singapore.

"This is also a good time to invest in Singapore. Our economy is structurally and fundamentally strong, which in turn supports a healthy recovery in all sectors of the property market. With prime and strategic sites being made available now and in the near future, we look forward to increased participation from local and foreign investors," he added.

Unregistered
12-04-07, 12:14
Published April 12, 2007

Homes: concern over deferred payment plans

Fears that such schemes are shifting financing burden from households to developers and builders

By SIOW LI SEN


(SINGAPORE) Deferred payment schemes - said to be one of the factors fuelling the local property market - are drawing the attention of the Monetary Authority of Singapore (MAS).

Such schemes are so popular with buyers that while the property market is red hot, it has not translated into healthy home loans growth.

Instead, deferred payment schemes have shifted the burden of financing to developers and construction companies, and away from households. The schemes also encourage speculators to buy property they have no intention of hanging on to.

And MAS is taking notice. Some bankers say it has been raising questions about banks' exposure to deferred payment schemes.

'MAS recognises that such deferred payment schemes may pose additional risks to the developer and its bank, and expects banks which finance such property developers to take this into account in their management of exposure to the developer,' an MAS spokeswoman said in response to BT queries.

According to MAS data on bank loans, building and construction loan growth rose a sizzling 18.1 per cent in February, following a 19 per cent gain in January. But home loans grew only 2.7 per cent in February and 2.1 per cent in January.

Among the local banks, OCBC and DBS grew their building and construction loans 27 per cent and 21 per cent respectively in 2006. UOB increased its building and construction loans 4 per cent.

OCBC spokeswoman Koh Ching Ching said the increase was due mainly to new drawdowns and loans to finance property development in Singapore, Malaysia and Greater China, with Singapore accounting for the bulk.

'OCBC has a traditional strength in real estate financing,' said Ms Koh. 'We have dedicated real estate departments within our business banking division for both large and small and medium real estate companies.

'The property sector is an important part of the Singapore economy and there are regulatory as well as internal guidelines to ensure that our exposure to this sector does not exceed certain limits.'

Citigroup economist Chua Hak Bin said deferred payment schemes have become prevalent in the local property market, accounting for more than 90 per cent of transactions at recent new Marina and downtown projects.

And he feels there is growing concern that this may be fuelling speculation and eventually will have a material impact on system-wide banking loans.

'Price increases in new home sales which offer deferred payment hit much higher levels,' Dr Chua said. This is because buyers on such schemes have time to flip or resell the property for a profit.

'The returns on capital can be substantial because of the implicit leverage,' he said. 'A 20 per cent increase in property value, for example, generates a 100 per cent return on the initial capital outlay.'

Deferred payment schemes that allow buyers to fork out only a 10-20 per cent downpayment, with the balance due on completion usually three years later, are not new. They were introduced in the early 1990s and offered again in the early 2000s. 'But it wasn't prevalent then,' Dr Chua said.

Not all developers offer deferred payment schemes. And some banks say overall progressive payment schemes are still more popular. This could be due to the higher cost of a property of at least 2-3 per cent if deferred payment is offered.

UOB head of loans Kevin Lam said: 'Progressive payment borrowers, while more, are not significantly more, than deferred payment borrowers.'

But an HSBC spokeswoman said that among its customers who have bought properties under construction, 60 per cent have opted for deferred payment schemes while 40 per cent have chosen progressive payment schemes.

Citibank business director Tan Chia Seng said: 'For those properties where deferred payment schemes are made available, we have seen an increase in interest from home buyers. 'The nature of the deferred payment scheme generally makes new projects more attractive to investors. However, home buyers who intend to occupy the properties may be interested in deferred payment schemes as well if the property they purchase is priced at an imputed interest rate lower than the home loan rate.'

Dr Chua warns though that buyers may be biting off more than they can chew, especially if the market tanks or the economy falters. The prevalence of deferred payment schemes suggests a mortgage surge will come eventually, he said. 'The day of reckoning will likely occur in 2009 when completions are expected to soar to 18,447 - more than double the typical annual supply.'

Maybank's head of consumer banking Helen Neo said deferred payment loans are more risky.

'Yes, as repayment only starts from TOP (temporary occupation permit),' she said. 'There could be changes in the borrower's income prior to TOP.'

Unregistered
12-04-07, 12:28
Like that don't wait already!
Better go buy something now!


Too late already.
The Thais are more agressive than the Indonesians now.
They grab entire development with asking for discount.
How to fight them?

Unregistered
12-04-07, 14:13
Too late already.
The Thais are more agressive than the Indonesians now.
They grab entire development with asking for discount.
How to fight them?


Don't go and fight with the Thai lah.
Wait they ban rice exports to Singapore, then we will have nothing to eat.

Don't go and fight with the Indonesian too.
Wait they ban all the sand, granite, etc., then we will have nowhere to stay.

Unregistered
12-04-07, 19:28
It seems like all the recent media releases on property were carefully orchestrated. The impression they want to give us is: "Tycoons coming in and buying up property. Tycoons no need deferred payment. Therefore developers must scrap deferred payment scheme. To all Singaporeans, if you got no money, don't buy." Sounds good. At least it will prevent a bubble.

No sales
13-04-07, 14:21
Published April 13, 2007

'Hotspot' auction nets no sale

By KALPANA RASHIWALA


NOT a single property sold yesterday at a highly touted auction for owner-sales of apartments in the hot spots of Marina Bay/CBD and Sentosa Cove.

Twenty-one properties were offered. And in most cases the opening prices sought by the auctioneers were not even met. In a few cases there were some bids, but these were below the owners' reserve prices.

However, CKS Property Consultants, which conducted the auction, is unfazed by the result and confident of selling the properties post-auction through private treaty deals.

CKS spokeswoman Valerie Ho attributed the poor response at yesterday's auction to bidder shyness. 'Bidders were predominantly local and they may still not be used to the idea of buying a home at an auction,' she said. 'And this is the first attempt to have an auction featuring solely properties put up for sale by owners.

'There has been a lot of interest after the auction. We expect a lot of negotiations and transactions over the weekend for this batch of properties. We also have a few potential buyers from Indonesia who are coming to our office next week for discussions.'

Ms Ho reckons the asking prices set by owners are reasonable.

A long-time market watcher who attended yesterday's auction generally agreed, pointing for instance to the $1.3 million or $1,050 psf opening price sought for a 40th floor two-bedroom unit with a study/loft at Icon at Tanjong Pagar, and the $2.5 million ($1,408 psf) opening asking price for a three-bedroom, 12th floor unit at The Oceanfront @ Sentosa Cove. 'The thing to remember is that these are all sub-sale properties and usually their asking prices are lower than what is being charged by developers for newer project launches in the location,' the market watcher said.

'But the problem right now is that there are so many sub-sale units in these so called hot-spot locations that, frankly, you can easily pick one up from the classifieds. No need to come to an auction looking for such units - unless the pricing or facing is very attractive.'

Also, from a potential buyer's perspective there is a disincentive in buying in the sub-sale market as developers will not extend deferred payment schemes they may have given to initial buyers to sub-sale buyers, the market watcher added.

Properties on offer yesterday included the entire 57th floor, comprising seven apartments, at The Sail @ Marina Bay Tower 2.

The auctioneer's opening asking price was $10 million but there were no takers.

Three units at One Shenton were also offered.

botak james
13-04-07, 14:23
apparently 100% of seaview@meyer are deferred payment buyers . If i am one of them i would piss my pants now , come TOP , we shall see who can dump cheaper .

Unregistered
13-04-07, 14:24
apparently 100% of seaview@meyer are deferred payment buyers . If i am one of them i would piss my pants now , come TOP , we shall see who can dump cheaper .

Dr Chua warns though that buyers may be biting off more than they can chew, especially if the market tanks or the economy falters. The prevalence of deferred payment schemes suggests a mortgage surge will come eventually, he said. 'The day of reckoning will likely occur in 2009 when completions are expected to soar to 18,447 - more than double the typical annual supply.'

only fools rush in
13-04-07, 14:39
Only Fools rush in .

Teacher
16-04-07, 11:33
apparently 100% of seaview@meyer are deferred payment buyers . If i am one of them i would piss my pants now , come TOP , we shall see who can dump cheaper .


Botak, you have no money to pay up or to invest and you still dare to pose in this forum about property investment. Get lost. Don't block our opportunity to made a return from the market.

Supporter
16-04-07, 11:34
Botak, you have no money to pay up or to invest and you still dare to pose in this forum about property investment. Get lost. Don't block our opportunity to made a return from the market.

Ignore Botak lah. He is a loser.
Let's watch how Reflection's prices go up.

UBS Investment Research
16-04-07, 14:02
Dr Chua warns though that buyers may be biting off more than they can chew, especially if the market tanks or the economy falters. The prevalence of deferred payment schemes suggests a mortgage surge will come eventually, he said. 'The day of reckoning will likely occur in 2009 when completions are expected to soar to 18,447 - more than double the typical annual supply.'


We are projecting an overall price rise of 20% this year.

We think it is unlikely that residential prices in Singapore will decrease as seen in the US market. This is mainly because we believe Singapore residential prices are still in a catch-up stage, compared to GDP.

Unregistered
16-04-07, 15:01
We are projecting an overall price rise of 20% this year.

We think it is unlikely that residential prices in Singapore will decrease as seen in the US market. This is mainly because we believe Singapore residential prices are still in a catch-up stage, compared to GDP.

I was told by an industry insider (no he wasn't trying to sell me any condo) that in the next few years, properties especially in District 1 (Marina Bay, Shenton Way) and District 9 (Orchard, Cairnhill, River Valley, Singapore River) will continue to boom because these 2 districts are where the foreigners and global funds are always looking at.

At this level, foreign players are only looking for the best because they have no time to scratch the surface and look for other districts or even properties in D10/D11/D15 that are further from town (ie:- Bukit Timah, Meyer Road). Don't forget Singapore is not the only country they invest in.

Bukit Timah and East Coast/Meyer Road will still have buyer interest, but mainly from Singaporeans and certain resident expats, but to a lesser extent foreigners (who don't live here). Districts 1 and 9 are still the high profile hotspots that the rest of the world looks at when they look at buying Singapore property.

Wallace Chu, DBS Vickers
16-04-07, 17:43
As Singapore has entered a new phase of development, higher property prices are inevitable.

People need to take a view that historical Singapore is no longer the same as the future Singapore. The economic drivers have changed. So you have to have a new mindset and accept the new price levels.

chua mui hoong
16-04-07, 17:49
hahahahaa wallace you joker!

joe
16-04-07, 18:04
You all very funny huh. Careful don't get sued for impersonation.:tsk-tsk:
:D :D

see u in hell
16-04-07, 23:36
Dr Chua warns though that buyers may be biting off more than they can chew, especially if the market tanks or the economy falters. The prevalence of deferred payment schemes suggests a mortgage surge will come eventually, he said. 'The day of reckoning will likely occur in 2009 when completions are expected to soar to 18,447 - more than double the typical annual supply.'
I see your reflections will be worth how much come 2009 , FOols rush in whe n they don't think , property agents hype everything for the 1% , developers give deferred payments for suckers to come in , when 2009 kicks in , u guys better hope USA is in booming economy state.

dist 9
16-04-07, 23:39
I was told by an industry insider (no he wasn't trying to sell me any condo) that in the next few years, properties especially in District 1 (Marina Bay, Shenton Way) and District 9 (Orchard, Cairnhill, River Valley, Singapore River) will continue to boom because these 2 districts are where the foreigners and global funds are always looking at.

At this level, foreign players are only looking for the best because they have no time to scratch the surface and look for other districts or even properties in D10/D11/D15 that are further from town (ie:- Bukit Timah, Meyer Road). Don't forget Singapore is not the only country they invest in.

Bukit Timah and East Coast/Meyer Road will still have buyer interest, but mainly from Singaporeans and certain resident expats, but to a lesser extent foreigners (who don't live here). Districts 1 and 9 are still the high profile hotspots that the rest of the world looks at when they look at buying Singapore property.
district 9 will always be where the money is , during sars , dist 9 residents held on the prices , elswhere goes down , after 2009 dist 9 will still hold , but i will feel sorry for the rest of u guys .

hayata1972
17-04-07, 10:14
To be fare, Reflec has a good view and location, but the price tag is too much for dist4. We shall see where the direction will go for them. Actually i prefer sentosa cove.:spliff:

Observer
17-04-07, 11:57
district 9 will always be where the money is , during sars , dist 9 residents held on the prices , elswhere goes down , after 2009 dist 9 will still hold , but i will feel sorry for the rest of u guys .


No need to argue lah.
Just turn District 4 into another District 9 lor. (That is what the government is doing anyway.)
Then both are good districts. Everybody will be happy. Cool!

observer can't see
17-04-07, 13:28
No need to argue lah.
Just turn District 4 into another District 9 lor. (That is what the government is doing anyway.)
Then both are good districts. Everybody will be happy. Cool!
Might as well turn the whole singapore including tuas to become a big dist 9 right? Talking rubbish this guy.

Fedup!
17-04-07, 14:26
Might as well turn the whole singapore including tuas to become a big dist 9 right? Talking rubbish this guy.


Why must we turn Tuas into District 9? Tuas is designated as industrial area. Without Tuas, where can we accomodate the Manufacturing MNCs? Without Tuas, where will one of Singapore economic pillars be?

You are talking rubbish!

Marina Bay, Sentosa and Keppel Bay are newly developed areas where we have the flexibility to designate them as high-end residential areas. So, it is up to us. If we need another District 9, we can turn them into another District 9. Having another District 9 means having another area for FDI. We stand to gain - not lose. It is good for us. Everyone should happy.

You are talking rubbish!

Tuas view
17-04-07, 17:36
Chill lah. Most likely the shipping industry will move to Tuas. You know Tuas View Extension? Very huge plot of reclaimed land jutting out from Tuas. Big enough for the entire shipping industry.

Teacher
18-04-07, 10:51
I see your reflections will be worth how much come 2009 , FOols rush in whe n they don't think , property agents hype everything for the 1% , developers give deferred payments for suckers to come in , when 2009 kicks in , u guys better hope USA is in booming economy state.


Published April 18, 2007

Penthouse may go for $5K psf


MAINBOARD-listed SC Global Developments is selling a penthouse in The Boulevard Residence (BLVD) by auction next month. .......... note this is more than double the $16 million an identical penthouse in the freehold development's other tower was sold for in May last year to high-flying Japanese fund manager Yoshiaki Murakami, who was later indicted for insider trading.

Both penthouses .......... will be conducted on May 20 jointly by Colliers and Christie's Great Estates exclusive affiliate Ken Jacobs.

BLVD comprises 46 units housed in two towers.


This is a lesson for those who keep saying that the property prices are too high. Is Murakami-san a fool who bought his penthouse at $2,xxx psf then? There are fools who keep saying these buyers are fools. Time has proven that he has made the right decision. Is he right or is he right? Double, you fool!

Madeira
18-04-07, 12:19
Penthouses, because of their rarity, can command a premium that is way above market value. This cannot be said of other type of units, although they may be in the same area.

Showroom Hopper
19-04-07, 22:22
Size and luxury fittings meant to impress prospective buyers for flats at Reflections at Keppel Bay
AsiaOne
19 April 2007
http://news.asiaone.com.sg/a1news/pics/20070419_story21_1b.jpghttp://news.asiaone.com.sg/a1news/pics/20070419_story21_1c.jpg

A leading Singapore property developer has built a show flat at the princely sum of S$8 million - four times the average price of the flats in a condominium it is offering for sale.

Although show flats are what prospective buyers base a large part of their decisions on, surely such a splurge by Keppel Land for its Reflections at Keppel Bay project is extravagant since the show unit would be torn down eventually?

No, says Knight Frank's research director Nicholas Mak. He adds that the showflat creates awareness and is aimed at impressing well-heeled buyers. "In the bigger scheme of things, how much is this expense compared to their potential earnings from the project?"

New York's Daniel Libeskind, who is known as the architect's architect in the industry, has been roped in to design the 1,129-unit project. He is also involved in the design of the showflat, which boasts expensive European designer furniture, fixtures and even a Japanese baby grand piano.

The showflat, at 29,000 sq ft, is about the size of 10 basketball courts and took 4 1/2 months to build. Keppel Land's corporate communications assistant, Ms Catherine Tan, told The New Paper that it has received positive feedback about the showflat, with many visitors simply struck by its sheer size.

At an average unit price of about $1,900 psf, a 1,109 sq ft three-bedroom unit at Reflections could set you back by at least $2m. About 90 per cent of the 350 units launched so far have been sold.

Said Ms Tan: "This is something that befits the property. If we're getting a world-renowned architect for the project, the showflat can't be lacking."
[IMG]http://news.asiaone.com.sg/a1news/pics/20070419_story21_1d.jpghttp://news.asiaone.com.sg/a1news/pics/20070419_story21_1e.jpg

Unregistered
19-04-07, 22:25
Size and luxury fittings meant to impress prospective buyers for flats at Reflections at Keppel Bay
AsiaOne
19 April 2007
http://news.asiaone.com.sg/a1news/pics/20070419_story21_1b.jpghttp://news.asiaone.com.sg/a1news/pics/20070419_story21_1c.jpg

A leading Singapore property developer has built a show flat at the princely sum of S$8 million - four times the average price of the flats in a condominium it is offering for sale.

Although show flats are what prospective buyers base a large part of their decisions on, surely such a splurge by Keppel Land for its Reflections at Keppel Bay project is extravagant since the show unit would be torn down eventually?

No, says Knight Frank's research director Nicholas Mak. He adds that the showflat creates awareness and is aimed at impressing well-heeled buyers. "In the bigger scheme of things, how much is this expense compared to their potential earnings from the project?"

New York's Daniel Libeskind, who is known as the architect's architect in the industry, has been roped in to design the 1,129-unit project. He is also involved in the design of the showflat, which boasts expensive European designer furniture, fixtures and even a Japanese baby grand piano.

The showflat, at 29,000 sq ft, is about the size of 10 basketball courts and took 4 1/2 months to build. Keppel Land's corporate communications assistant, Ms Catherine Tan, told The New Paper that it has received positive feedback about the showflat, with many visitors simply struck by its sheer size.

At an average unit price of about $1,900 psf, a 1,109 sq ft three-bedroom unit at Reflections could set you back by at least $2m. About 90 per cent of the 350 units launched so far have been sold.

Said Ms Tan: "This is something that befits the property. If we're getting a world-renowned architect for the project, the showflat can't be lacking."
http://news.asiaone.com.sg/a1news/pics/20070419_story21_1d.jpghttp://news.asiaone.com.sg/a1news/pics/20070419_story21_1e.jpg


Why waste the $8M? Still can sell without the showroom what!

hayata1972
20-04-07, 09:57
Out of 1129 units, 350 launched so far and not all sold yet. All my (flipping)Masters are staying clear of reflections. With all due respect to the developer, wonder how the top management of keppel feel having bought into their baby. hmmmm..... then again their monthly pay can cover their add. expenses. These few days are D-day for the short term buyers. VVip , Vip flippers will be due today, tomm and sun after 2 weeks of agonizing stress trying to sell their 1% investment. Wonder how does it feel to be in their position.:doh:

Registered
20-04-07, 11:16
Out of 1129 units, 350 launched so far and not all sold yet. All my (flipping)Masters are staying clear of reflections. With all due respect to the developer, wonder how the top management of keppel feel having bought into their baby. hmmmm..... then again their monthly pay can cover their add. expenses. These few days are D-day for the short term buyers. VVip , Vip flippers will be due today, tomm and sun after 2 weeks of agonizing stress trying to sell their 1% investment. Wonder how does it feel to be in their position.:doh:


Don't flip lah. Just buy, hold a little while and sell later.

Gay central
21-04-07, 12:18
Don't flip lah. Just buy, hold a little while and sell later.
Was at reflections friday late afternoon again (2nd time) to look at the current situation. Saw the addresses of the visitors book, mainly landed addresses. Only 3 groups excluding me was in the showroom. One SG family , one indian (NRI must be) and a gay couple(arty farty). This time another agent served me, told me the same old BS story regarding some unknown dubai company wanting to buy up 2 buildings. I told him then why didnt keppel sell them, he couldn't answer. Went through whole process again to look the the showrooms. This 2nd time, i felt bland, no special feeling or impressive emotions anymore. Lucky for me i didn't commit anything the 1st time i was there 2 weeks ago. Apparently the champange served the other time had positive effects on the sales, hahaha. Smart move by keppel. After that we sat down and looked at the units for sale. I was taking the longest time, going through most of the units and prices. The rest where gone without anyone closing a deal with a new batch of people in the showroom, and i was still there. Basically i stayed for 2n1/2 hrs and left with no signature or cheque invovled, i figured, with this amount of capital put in... i'll place my bets elsewhere(safer).

Registered
21-04-07, 15:04
Colin Ng
Dow Jones Newswires
Singapore
19 April 2007

Singapore's private property market is on the rise after years in the doldrums. It looks like the boom times are back for real estate, given strong demand from locals and expatriates alike.

There's talk it's just speculation behind the frothy market - with reports of investors flipping purchases for hefty profits and anecdotal evidence of wealthy expatriates snapping up a half dozen or so luxury apartments at property launches.

Sellers haven't been complaining, with prices of non-landed private properties in the heart of Singapore's prime area up by 17% in 2006, while prices outside that area are up 3-4.2%.

The bulk of the price increases have been in the luxury segment, but that's expected to filter down to the rest of the market, with some analysts tipping as much as a 20% increase in prices this year.

While there may be a speculative element to these price gains, data also suggest there's strong underlying demand for property - and that demand is set to grow in the next few years.

According to the 2003 master plan from the Urban Redevelopment Authority, Singapore's land-use planning agency, there are 324,000 homes in what it defines as Central Singapore. Stripping out public-housing flats from the Housing Development Board in the region - about 196,000 - leaves about 128,000 private condominiums and houses in the Central region.

That's not very many, when you consider there are 55,000 high net worth individuals (net assets of at least S$1.5 million, excluding their primary residence) in Singapore, according to the 2006 Merrill Lynch/Capgemini report. The current supply of properties looks even smaller given there are about 140,000 households with monthly incomes of above S$10,000, according to the government's 2005 household survey.

At the very least, this suggests the current supply of private property in the Central area should be met by demand.

But there's also demand coming from people who've participated in en bloc sales, from those pocketing windfalls from the booming stock market amid relatively low mortgage rates, and from foreign investors in the property market.

Even more demand can be expected given Singapore's plans for an eventual population of 6.5 million from about 4.5 million now; the total population grew about 142,000 or 3% in 2006, helped by the government's efforts to woo skilled foreign workers.

Expatriate workers have already helped push rentals to their highest levels since 1999. Demand from this group will increase - last year Singapore's nonresident workforce grew about 10%, and there were about 90,000 skilled workers and professionals among them.

Savills Singapore says rents for private homes were up 18.5% in the past year. Citigroup thinks rental rates could rise 30-40% this year as occupancy hits record highs.

Recent data show a shortage of supply looming with the number of private residential units due for completion at just 5,000 for 2007 and 7,000 for 2008, according to Citigroup. In 2006, there was demand for 9,000 units while 10-year average demand is at 8,000.

All told, local and foreign demand for private property in Singapore is set to grow, which coupled with shortages in supply put the real estate market on a path for red hot growth over the next few years.


What's the big deal?
Reports like this from Dow Jones, UBS, etc. are no big deal!

Everybody knows the property market is going up.
That's why everybody is buying.
They are just stating the facts.

buytodie
22-04-07, 07:29
What's the big deal?
Reports like this from Dow Jones, UBS, etc. are no big deal!

Everybody knows the property market is going up.
That's why everybody is buying.
They are just stating the facts.
Cool, buy high sell low that must be your formula in making money. Good for you.

Registered
22-04-07, 10:41
Cool, buy high sell low that must be your formula in making money. Good for you.


Wah!
Are you a property owner?
Prices go up, you will benefit.
Now you want your property value to depreciate?
I don't see your logic!

Stock market goes up, everybody happy!
Property market goes up, everybody also happy!
Aren't you happy?

buytodie
22-04-07, 20:07
Wah!
Are you a property owner?
Prices go up, you will benefit.
Now you want your property value to depreciate?
I don't see your logic!

Stock market goes up, everybody happy!
Property market goes up, everybody also happy!
Aren't you happy?
No wonder all you singaporeans can never have a true free and democratic society, people like you are the fat cats that the ruling party needs to carry on. Raise the Gst, you complain. Raise the price of cars, you complain. Raise the cost of living, you complain. Raise their own salary, you complain.
But once, they raise the prices of your property you immediately stop complaining. Looks like (everyone for himself) is the true core of Singapore society. Good that i am not staying here for good. Good luck to you.

Market Watcher
23-04-07, 10:49
No wonder all you singaporeans can never have a true free and democratic society, people like you are the fat cats that the ruling party needs to carry on. Raise the Gst, you complain. Raise the price of cars, you complain. Raise the cost of living, you complain. Raise their own salary, you complain.
But once, they raise the prices of your property you immediately stop complaining. Looks like (everyone for himself) is the true core of Singapore society. Good that i am not staying here for good. Good luck to you.


Property prices and stock prices can only be determined by the market forces. Since when can the government push up these prices? Go study your economic before making a fool of yourself here. The whole world is laughing at you.

Registered
23-04-07, 10:57
No wonder all you singaporeans can never have a true free and democratic society, people like you are the fat cats that the ruling party needs to carry on. Raise the Gst, you complain. Raise the price of cars, you complain. Raise the cost of living, you complain. Raise their own salary, you complain.
But once, they raise the prices of your property you immediately stop complaining. Looks like (everyone for himself) is the true core of Singapore society. Good that i am not staying here for good. Good luck to you.


Don't know what crap you are talking about.
If a currency have potential, we buy.
If a property have potential, we buy.
If a stock have potential, we buy.
The subject is Singapore property here. We see potential, so we buy.

It must be you have acted against the market. You are a loser and you are unhappy. Don't give all sorts of nonsense excuses (e.g. GST, high minister pay, etc.) to justify your wrong decision.

We know you are a loser and is not planning to stay here. Since you are blaming others for your wrong decision, we are glad to hear that since. Leave now! Get out! Now!

bad investment
23-04-07, 11:23
Was at reflections friday late afternoon again (2nd time) to look at the current situation. Saw the addresses of the visitors book, mainly landed addresses. Only 3 groups excluding me was in the showroom. One SG family , one indian (NRI must be) and a gay couple(arty farty). This time another agent served me, told me the same old BS story regarding some unknown dubai company wanting to buy up 2 buildings. I told him then why didnt keppel sell them, he couldn't answer. Went through whole process again to look the the showrooms. This 2nd time, i felt bland, no special feeling or impressive emotions anymore. Lucky for me i didn't commit anything the 1st time i was there 2 weeks ago. Apparently the champange served the other time had positive effects on the sales, hahaha. Smart move by keppel. After that we sat down and looked at the units for sale. I was taking the longest time, going through most of the units and prices. The rest where gone without anyone closing a deal with a new batch of people in the showroom, and i was still there. Basically i stayed for 2n1/2 hrs and left with no signature or cheque invovled, i figured, with this amount of capital put in... i'll place my bets elsewhere(safer).
Was there yesterday. Agree totally with what GAY CENTRAL said, one agent i personally know as a friend showed me the number of units that the flippers did not exercise. Not a very good senario. Units facing golf course on low floors going at around $1400+psf, high floor main blocks looking over the sea is over $2,000psf. Looks like reflections flippers are in trouble, investment wise, buying reflections is very unwise. To put in so much money for potentially very slight gain, but very big loss is not my cup of tea.

Registered
23-04-07, 12:10
I heard that Keppel Land has sold the better units in Tower 2A/2B in Indonesia. If that is the case, the next launch will not be so soon, probably in about a month's time. We can guess the kind of price level it will be by then.

Sale is slow now because they have reserved the better units for later launches.

Keppel Land did the wise move in following other developers to launch their project overseas. There are so many friendly foreigners who are eagerly waiting to buy a piece of Singapore property. Why spend $8M on a showroom and so much time to explain Reflection values when there are so much ready demand?

bad investment
23-04-07, 13:34
I heard that Keppel Land has sold the better units in Tower 2A/2B in Indonesia. If that is the case, the next launch will not be so soon, probably in about a month's time. We can guess the kind of price level it will be by then.

Sale is slow now because they have reserved the better units for later launches.

Keppel Land did the wise move in following other developers to launch their project overseas. There are so many friendly foreigners who are eagerly waiting to buy a piece of Singapore property. Why spend $8M on a showroom and so much time to explain Reflection values when there are so much ready demand?
For your information, my agent(that i personally know) told me reflections did not go well with indonesians. Indonesians are only interested in 1).freehold or 999 and 2).Prime district(Orchard, newton and river valley). Your information is fake, please prove it or we take it as rumours, like the dubai people they claimed that wanted to swallow 2 blks.

Citibank
23-04-07, 23:17
Citibank: Property Prices Will Rise By 30%
Daryl Loo
Channel NewsAsia
23 April 2007 2042 hrs

Home prices in Singapore are expected to rise much more than those in Hong Kong, over the next two years, according to Citigroup.

Speaking at an Asia Pacific property conference in Singapore on Monday, Citigroup analysts say they see Singapore residential prices jumping by as much as 30% by 2008 compared to just 10% for Hong Kong.

Price tags for private homes in Singapore will be on the rise for at least the next two years, according to Citigroup.

It sees Singapore as being in the early stages of a cyclical upswing.

This is in contrast to Hong Kong, where the cycle is on the downtrend - and expected to end by 2009.

They say that Singapore prices are being driven by high occupancy rates, which have hit a record peak of 95.7%, and set to even climb higher over the next two years.

Wendy Koh, Director, Asia Pacific Equity Research, Citigroup, said: "If you look at the residential sector, occupancy rate right now is about 93.9 percent as at the end of 2006. If we take into account the completion this year which is only about 5,000 units, and last year's demand was about 9,000, and on annual basis the last 10-year average was about 8,000, occupancy rates should continue to rise.

"And if you take into account the 3,500 units that were sold en bloc last year, occupancy rate is actually closer to 95.5% last year. That is a record high as we have not seen that sort of levels before."

Citigroup expects occupancy to rise further to 96.8 percent this year, and 97.1 percent in 2008, as the level of demand far outstrips supply.

Over in the office sector, it is predicting rentals to rise 56% to $18.50 psf by the end of 2008, up from $11.80 currently.

And despite the recent run-up in property counters, Citigroup sees further upside in some choice picks.

Ms Koh said: "We like City Developments, Wing Tai, Allgreen. We also like Keppel Land for office play. For the first three stocks, it's more the residential exposure. If you look at City Dev and Wing Tai, they have been replenishing their land bank, and riding the upswing in the residential market."

Private home prices in Singapore rose 10.2% last year, and an estimated 4.6% in the first quarter of this year.


Wah! 30%!!
No joke man!!!

Registered
24-04-07, 10:17
Wah! 30%!!
No joke man!!!


Wah liao!
The gahmen hint not obvious ah!
Need Citibank to draw the picture meh?

dangerous hype
24-04-07, 10:45
Wah liao!
The gahmen hint not obvious ah!
Need Citibank to draw the picture meh?
During the property height last time, the media, banks and analysts were saying that HDB flats can go up to 1 million. What happened then?
What are the most expensive HDB flat worth now? About high-end of $300K?
They hyped up prices of hillview area until prices crossed $1mill for a typical 3bedroom. How much is it worth now? About $600+K?
The last few property booms had
1). Many affluent singaporeans joining in the fray. During those days, GOV jobs were still iron rice bowls, private sector jobs were easy to find with high pay packages.
2). No deferred payment.
3). No mass usage of internet and majority of the buyers are not well informed.
This new "property boom" has
1). Much less affluent Singaporeans joining in the fray. Jobs are simply unstable now. No such thing as iron rice bowl or forever getting good pay packages. About 40% of the buyers of new releases in prime areas are foreign players.
2). Deferred payment to fuel speculation, creating a gambling culture in Singapore, as one person said "the casino are not open yet, but the gambling has started".
3). This is the internet age, people can now check URA caveats with a touch of the keyboard and check the latest projects and what-so-ever.
If this bubble can still grow 30% bigger, i am afraid that the bubble will burst very soon. When Hongkong clears the air pollution, when Thailand stabalises.
There will be a clear sign whether our prices can still hold anymore, because that is when the foreigners will leave for better pastures.

Unregistered
24-04-07, 11:00
During the property height last time, the media, banks and analysts were saying that HDB flats can go up to 1 million. What happened then?
What are the most expensive HDB flat worth now? About high-end of $300K?
They hyped up prices of hillview area until prices crossed $1mill for a typical 3bedroom. How much is it worth now? About $600+K?
The last few property booms had
1). Many affluent singaporeans joining in the fray. During those days, GOV jobs were still iron rice bowls, private sector jobs were easy to find with high pay packages.
2). No deferred payment.
3). No mass usage of internet and majority of the buyers are not well informed.
This new "property boom" has
1). Much less affluent Singaporeans joining in the fray. Jobs are simply unstable now. No such thing as iron rice bowl or forever getting good pay packages. About 40% of the buyers of new releases in prime areas are foreign players.
2). Deferred payment to fuel speculation, creating a gambling culture in Singapore, as one person said "the casino are not open yet, but the gambling has started".
3). This is the internet age, people can now check URA caveats with a touch of the keyboard and check the latest projects and what-so-ever.
If this bubble can still grow 30% bigger, i am afraid that the bubble will burst very soon. When Hongkong clears the air pollution, when Thailand stabalises.
There will be a clear sign whether our prices can still hold anymore, because that is when the foreigners will leave for better pastures.

If the hype, where got "bubble"?
As to infomation flow and transparency, Singapore is still operating like a "third world " country. The information at the URA website is a couple months old at least. There is no way to monitor of in-flow and out-flow of foreign funds for property investment. As such, it is rather risky as you will not know who is still in and who is already cash-out and you may leave holding the baby and going into the free fall last last boom

Unregistered
24-04-07, 11:05
The information at the URA website is a couple months old at least.

That is because completion of sale is at least 10 to 12 weeks after option is exercised, which can be 2 or 3 weeks after option is purchased.

Which gives us a 12 to 15 week lag for transaction caveats to be lodged.

ERA man
24-04-07, 11:21
That is because completion of sale is at least 10 to 12 weeks after option is exercised, which can be 2 or 3 weeks after option is purchased.

Which gives us a 12 to 15 week lag for transaction caveats to be lodged.
Talking rubbish, i was monitoring my clients' sale and purchase. He sold on 1st feb, the caveat got lodge from the new owner as of 2 week from the option to purchase. The URA caveats reflected 3 weeks from the sale. When he in turn bought a developer's unit, his lawyer lodge the caveat for him bought early march, caveat was shown end of march. 3 weeks is the max.time frame. check the caveats, right now, there are april caveats, so how can the caveats show april now if you say there is such a long delay?

Unregistered
24-04-07, 11:25
Talking rubbish, i was monitoring my clients' sale and purchase. He sold on 1st feb, the caveat got lodge from the new owner as of 2 week from the option to purchase. The URA caveats reflected 3 weeks from the sale. When he in turn bought a developer's unit, his lawyer lodge the caveat for him bought early march, caveat was shown end of march. 3 weeks is the max.time frame. check the caveats, right now, there are april caveats, so how can the caveats show april now if you say there is such a long delay?

Then how come many transactions in march and april still haven't show up?

Registered
24-04-07, 11:45
I heard that Keppel Land has sold the better units in Tower 2A/2B in Indonesia. If that is the case, the next launch will not be so soon, probably in about a month's time. We can guess the kind of price level it will be by then.

Sale is slow now because they have reserved the better units for later launches.

Keppel Land did the wise move in following other developers to launch their project overseas. There are so many friendly foreigners who are eagerly waiting to buy a piece of Singapore property. Why spend $8M on a showroom and so much time to explain Reflection values when there are so much ready demand?


Another reason is that Keppel Land is taking its time to sell in anticipation of further price hike. As long as it can recover its entire project cost through 40% sale, it does not need sell cheap knowing prices will rise by 30% by 2008.

Bypasser
24-04-07, 11:47
Wah liao!
The gahmen hint not obvious ah!
Need Citibank to draw the picture meh?

Hello!
We need clear instruction like "Please buy now. We are in the process of enhancing your assets."
Reports from UBS, Citigroup, etc. are too technical. Layman don't understand.

hayata1972
24-04-07, 12:36
Another reason is that Keppel Land is taking its time to sell in anticipation of further price hike. As long as it can recover its entire project cost through 40% sale, it does not need sell cheap knowing prices will rise by 30% by 2008.
Wow, if what you are saying is true, then i will wait for the left over units then. After all anything after 40% sales is expendable to them. What makes you think they can sell the left over higher? My agent over there keeps on calling my handphone to buy the same unit which i saw 1 week plus already. 1 week plus mind you, and the unit is still there asking me to buy at less than $1,500 psf, still the same price as of launch.:doh:
I will buy into investments that will make me money, if the Profit margin VS Risk is
Low VS High, my sifus'(Masters) tell me to lay off. Fippers of reflections will be in for a rude shock. There is no way they can flip at this prices.

Curious
24-04-07, 13:29
Wah! 30%!!
No joke man!!!


Unbelievable!
Who would have thought that we would have this kind of growth a year ago?
Simply amazing!

Snapper
25-04-07, 10:29
Published April 25, 2007
Profitable ways to ride out the year

We seem to still be at mid-cycle in our current bull market, so you'll lose out if you sit on the sidelines. Just jump in cautiously

By LIM SAY BOON

Much water has flowed under the bridge since my last column in Executive Money but not many of the fundamentals have changed.

I was an equities bull last July when the emerging markets meltdown looked to some like the end of the bull market. Around Christmas and again early this year, I turned a cautious equities bull, speaking of higher prices but warning of turbulence along the way - around the issues of the US economic slowdown and the downturn in the housing sector; the American equities market's need for an interest rate cut 'fix'; periodic spikes in volatility and resultant stock sell-offs; jitters surrounding the yen carry trade; and equities looking just plain overbought.

...........

And if you don't think you can tolerate the volatility of an outright long position on equities given the near-term volatility possibility, you can consider structured products that give you partial participation on the upside while protecting against some of the downside. There are also products that pay you relatively high yields on the basis of relative outperformance rather than outright market upside.

And there are also funds that offer long-short strategies to hedge against short-term equities downside or even funds that offer low correlation, multi-asset exposures, focusing on absolute returns.


Stop dreaming and start buying now before it is too late!

Adviser
25-04-07, 10:33
Published April 25, 2007
Home prices seen rising further this year

Building, financial services sectors to benefit as well

By UMA SHANKARI

The Monetary Authority of Singapore (MAS) yesterday said home prices are expected to continue to grow this year - after climbing 4.6% in the first quarter, the highest growth seen in 7 years.

The gain, which has so far been greatest for the luxury market, could also filter down to other mid to high-end segments which could benefit from the steady stream of buyers who have sold their houses in en bloc sales, Singapore's central bank said in its latest Macroeconomic Review.

MAS expects the property upturn to spill over to the construction and financial services sectors.

'Contracts awarded have trended up steadily from 2003 to reach $16.1 billion last year, a level not seen since 2000. This is expected to translate into higher certified payments and value added for the sector in the near term,' says MAS. 'Indeed, the recovery of the construction sector continued in early 2007, underpinned by ongoing work in the residential segment.'

A number of ongoing major projects including the Marina Bay Financial and Business Centre, the integrated resorts and the downtown MRT extension, are also expected to further fuel the recovery in the construction sector.

The recent spike in raw material costs caused by disruptions to the supply of sand has not resulted in delays in building projects, MAS says. But the bank warns that in the future, new developments could be slowed or delayed if sand and concrete become more difficult to obtain.

The large number of upcoming new commercial developments should also see more credit being extended to the building and construction industry, MAS says. This is expected to benefit the financial services sector.

And on the consumer loans front, while mortgage loan growth has remained tepid in recent quarters, some upside could be seen in the months ahead as the residential property uptick at the luxury end begins to spread to the broader market.

MAS also says that the recent upswing in property prices will have only a small impact on inflation this year. This is mainly because substantial price increases in the near term should be largely confined to the upper and middle segments of the private residential market, MAS predicts.

'On balance, the impact of rising property prices on consumer price index (CPI) inflation is likely to be modest, with the direct impact contributing only 0.1% point in 2007, compared with the average of negative 0.2% points over the past three years,' says MAS.


UBS says buy.
Citigroup says buy.
Now MAS also says buy.
Let's go make some money! Hurray!

X-Ray
25-04-07, 17:06
Hello!
We need clear instruction like "Please buy now. We are in the process of enhancing your assets."
Reports from UBS, Citigroup, etc. are too technical. Layman don't understand.


Layman don't understand?
OK, how about MAS report?
Still not clear?
How about MM .......

Clear now?

路透社的市区新办事处开幕
25-04-07, 18:35
Wow, if what you are saying is true, then i will wait for the left over units then. After all anything after 40% sales is expendable to them. What makes you think they can sell the left over higher? My agent over there keeps on calling my handphone to buy the same unit which i saw 1 week plus already. 1 week plus mind you, and the unit is still there asking me to buy at less than $1,500 psf, still the same price as of launch.:doh:
I will buy into investments that will make me money, if the Profit margin VS Risk is
Low VS High, my sifus'(Masters) tell me to lay off. Fippers of reflections will be in for a rude shock. There is no way they can flip at this prices.


XXXX李XX:

.......... 本地最新一波房地产价格上涨的原因和过去有所不同,从前都是由区域投资者带动,这次进场的却有很多国际投资者,甚至包括来自欧洲西南部国家摩纳哥的投资者。

“我认为这是一种赞扬。因为如果你是住在摩纳哥,还把钱存放在这里,证明你对新加坡会和摩纳哥一样历久不衰有信心。”

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

.......... 至于租金上涨的问题,李资政虽表示不认为租金会下调,但新加坡是透过不断推出新住宅和办公楼,使房地产价格的上涨幅度受到控制。

他指出,这一波热潮主要是因为投资者和分析师都对新加坡看好。

他笑着说:“你看圣淘沙濒水的高档住宅区升涛湾,几乎都被抢购一空。我根本无法想象有谁会支付那样高的价格去买间房子。”

据市区重建局本月初发表的初步数据显示,滨海湾、圣淘沙、乌节路等核心中央区的私人豪华公寓销售热潮,带动了今年第一季度的私人住宅价格指数攀升4.6%,达136.2点。 这是本地私人房地产价格连续第12个季度 上扬,此涨幅也是近七年来最大的季度涨幅。

如果我国接下来的经济势头保持良好,而投资者也持续保持乐观情绪,房地产顾问预料本地私人住宅价格今年全年的涨幅可高达20%,比去年的10.2%涨幅高出近一倍。

mr funny
26-04-07, 06:28
April 26, 2007

Going strong


THE highest price achieved for Keppel Land's (KepLand's) Reflections at Keppel Bay was $2,550 per sq ft (psf), the company said yesterday.

Three hundred and fifty units of the 1,129-unit, 99-year leasehold development were released earlier this month and about 90 per cent of the homes have been sold at prices averaging around $1,900 psf.

KepLand expects to launch another 189 units of Reflections at Keppel Bay, which was designed by American architect Daniel Libeskind, soon.

It will also release a further 102 units of Park Infinia at Wee Nam, 15 units of The Crest @ Cairnhill and 34 units of The Tresor on Duchess Road.

李李
26-04-07, 10:42
April 26, 2007
Going Strong

The highest price achieved for Keppel Land's (KepLand's) Reflections at Keppel Bay was $2,550 psf, the company said yesterday.

Three hundred and fifty units of the 1,129-unit, 99-year leasehold development were released earlier this month and about 90% of the homes have been sold at prices averaging around $1,900 psf.

KepLand expects to launch another 189 units of Reflections at Keppel Bay, which was designed by American architect Daniel Libeskind, soon.

It will also release a further 102 units of Park Infinia at Wee Nam, 15 units of The Crest @ Cairnhill and 34 units of The Tresor on Duchess Road.


Quick! Buy now before the next release!

Makelele
26-04-07, 12:13
Quick! Buy now before the next release!

When is the next release?

Newspaper
26-04-07, 16:55
When is the next release?


According to the report, soon.

agents n buyers suck
26-04-07, 23:47
There are so many agents and buyers of reflections posting here, thinking that real investors will be stupid enough to belief that reflections is a good investment. I say go to hell with you guys, investors will look at ads in the classifieds and then they will know the true situation. Talking up the market, is all you guys can say. How about give me some idea on how reflections can still increase in price?

Unregistered
27-04-07, 00:50
There are so many agents and buyers of reflections posting here, thinking that real investors will be stupid enough to belief that reflections is a good investment. I say go to hell with you guys, investors will look at ads in the classifieds and then they will know the true situation. Talking up the market, is all you guys can say. How about give me some idea on how reflections can still increase in price?

Agree,
The developers are the one who cash in on the property boom, developer set record prices for many of new launched projects and amazingly there are still so many flippers out there willing to take the risk thinking that there should be some leftover......

Buyer
27-04-07, 09:42
There are so many agents and buyers of reflections posting here, thinking that real investors will be stupid enough to belief that reflections is a good investment. I say go to hell with you guys, investors will look at ads in the classifieds and then they will know the true situation. Talking up the market, is all you guys can say. How about give me some idea on how reflections can still increase in price?

If buyers cannot post, then who can post in this thread?
Parties who are not keen or have no interest in the project?

Adviser
27-04-07, 09:50
There are so many agents and buyers of reflections posting here, thinking that real investors will be stupid enough to belief that reflections is a good investment. I say go to hell with you guys, investors will look at ads in the classifieds and then they will know the true situation. Talking up the market, is all you guys can say. How about give me some idea on how reflections can still increase in price?


Small boy, don't be so naive to think that postings in forum can talk up the market lah.

Even reports from UBS, Citigroup, MAS, etc. or MM's assessment cannot talk up the market. Market is determined by market forces - supply and demand. If it go up, it can't it. If it go down, it can't stop it too.

Unregistered
27-04-07, 10:39
Agree,
The developers are the one who cash in on the property boom, developer set record prices for many of new launched projects and amazingly there are still so many flippers out there willing to take the risk thinking that there should be some leftover......

For those flippers who have no holding powers could be in trouble. However, once option is not exercised, the unit will go back to developer and there is a good chance developer may sell at higher price. So, if you have unsold units on hand and if can wait a year or so, there is a good chance that you will make some money

investor/flipper
27-04-07, 10:40
There are so many agents and buyers of reflections posting here, thinking that real investors will be stupid enough to belief that reflections is a good investment. I say go to hell with you guys, investors will look at ads in the classifieds and then they will know the true situation. Talking up the market, is all you guys can say. How about give me some idea on how reflections can still increase in price?
Yes agree. In fact there are many flippers/investors from the 1st release that have thrown back their units thus losing the 1%. Lucky for me i have invested my money elsewhere with confirmed high returns. I personally know 1 flipper that is shitting his pants right now with his purchase at reflections.
This market has a lot of traps right now. Beware when you buy, because investors buying now have a higher probability to lose money(a lot of it) than to make money(a little bit).

Roy
30-04-07, 10:01
I know this person who has made many mistakes in property purchase. Actually he is one of my good friends. Dunno why? He always buys the wrong property.

First his mistake is to buy Kerrisdale last time. Big mistake cos until now Kerrisdale not sold out due to its red light district location. Also the leasehold Kerrisdale city view will be totally blocked by freehold City Sq. Kerrisdale has not seen its price rising even in this kind of hot property market. What else can u say abt this kind of condo?

Second his mistake is to buy Caribbean condo, but non elite unit. Means no view, and no good facing one. Now he is seeing others units selling for $1200 psf while his own asking for $900 psf also nobody want to buy. Have to beg people to buy.

Third his mistake is to buy Reflections. This one I no need to say any more lah. 1000 over units, lukewarm response, units thrown back, good luck to my dear friend lah.

With people like my dear friend, there will always be winners and losers in this property game.

beavis
30-04-07, 10:33
Which one will you buy???

$2200 psf 99 years Refelections at keppel or $2000 psf freehold light @ cairnhill orchard???

For me, developmnet above 500 units is not Luxiorious and exclusive. It is MASS MARKET.
Orchard and surrounding area will be my choice. as they are considered High end since long time ago.

Unregistered
30-04-07, 10:42
Which one will you buy???

$2200 psf 99 years Refelections at keppel or $2000 psf freehold light @ cairnhill orchard???

For me, developmnet above 500 units is not Luxiorious and exclusive. It is MASS MARKET.
Orchard and surrounding area will be my choice. as they are considered High end since long time ago.

good point,
In ST today, they are talkiing about some super luxorious condo units at KL with 4000-12000 sqf each. Each floor surely has only one unit, with exclusively access by private lift. Some of the units even has its own lap pool. They are only going for 10 million each
Can developer in Singapore can match that? Is there a tycon out there willing to pay 50 million for it?

Unregistered
30-04-07, 10:44
$2200 psf 99 years Refelections at keppel or $2000 psf freehold light @ cairnhill orchard???

I find it ridiculous to even consider Reflections in the same league as Cairnhill, much less compare $psf prices. Absolutely ridiculous question. But what is even more ridiculous is the fact that the prices above are real! Leasehold Reflections more expensive than freehold Orchard!

I only want to know one thing: who are the ridiculous people buying Reflections at $2200 psf?

Unregistered
30-04-07, 10:45
good point,
In ST today, they are talkiing about some super luxorious condo units at KL with 4000-12000 sqf each. Each floor surely has only one unit, with exclusively access by private lift. Some of the units even has its own lap pool. They are only going for 10 million each
Can developer in Singapore can match that? Is there a tycon out there willing to pay 50 million for it?

Yes. Cliveden at Grange by CDL. One unit per floor.

Unregistered
30-04-07, 10:49
Yes. Cliveden at Grange by CDL. One unit per floor.

How big is the unit? any lap pool inside? Is there a need to share a lift with other unit? What is the going price psf?

beavis
30-04-07, 11:01
If Reflection at keppel can sell for $2550 psf at the highest, Cliveden, being at more prestigious GRANGE area can sell at $3000 psf isnt it???:rolleyes: Freehold somemore:D !!

Cliveden is surrounded by many luxury condo like Parkview eclat, beverly hill, the grange, grange residences, colonade. This is a very exclusive place I think.

not rich
30-04-07, 12:14
There are many rich people who make lousy investments but the $$$ is nothing to them. They do not depend on property prices to make their main income.

The moral of the story is: if you want to play with rich men's toys (property, stocks, and cars), make sure your main source of income is from somewhere else.



I know this person who has made many mistakes in property purchase. Actually he is one of my good friends. Dunno why? He always buys the wrong property.

First his mistake is to buy Kerrisdale last time. Big mistake cos until now Kerrisdale not sold out due to its red light district location. Also the leasehold Kerrisdale city view will be totally blocked by freehold City Sq. Kerrisdale has not seen its price rising even in this kind of hot property market. What else can u say abt this kind of condo?

Second his mistake is to buy Caribbean condo, but non elite unit. Means no view, and no good facing one. Now he is seeing others units selling for $1200 psf while his own asking for $900 psf also nobody want to buy. Have to beg people to buy.

Third his mistake is to buy Reflections. This one I no need to say any more lah. 1000 over units, lukewarm response, units thrown back, good luck to my dear friend lah.

With people like my dear friend, there will always be winners and losers in this property game.

keppel insider.
30-04-07, 12:30
I find it ridiculous to even consider Reflections in the same league as Cairnhill, much less compare $psf prices. Absolutely ridiculous question. But what is even more ridiculous is the fact that the prices above are real! Leasehold Reflections more expensive than freehold Orchard!

I only want to know one thing: who are the ridiculous people buying Reflections at $2200 psf?
I am a close associate with keppel top people. This i shouldn't say, but most people would already speculate this already. Keppel is a very large organisation with lots and lots of business contacts and partners be it here and overseas. If you have a lot of dealings and money made with keppel, sometimes you have to contribute something back. Like give free services, give high end Ktv sessions and dinners and sometimes pressured to buy properties launched by keppel. Take a guess who are the ones that buy the ridiculous priced units set by keppel? Even then, reflections have still not finished selling the first lot of 350units. Even with so much power and push behind the giant (keppel) they have a problem selling reflections. It goes to show, buyers are not blind, dumb and stupid. Overpriced with no upside, even ultra rich people will not be sucked in.

bungholio
03-05-07, 13:19
If Reflection at keppel can sell for $2550 psf at the highest, Cliveden, being at more prestigious GRANGE area can sell at $3000 psf isnt it???:rolleyes: Freehold somemore:D !!

Cliveden is surrounded by many luxury condo like Parkview eclat, beverly hill, the grange, grange residences, colonade. This is a very exclusive place I think.

Cliveden IS going to sell for MORE THAN $3000psf!

Very exclusive, considering each unit is so big, one per floor. But most of us can only dream about it lah.

beavis
04-05-07, 00:02
Ya lah. Dreaming only:rolleyes: . If I got TOTO 1st prize :p , I will book 1 unit cliveden penthouse:D .

As for know, I am dreaming only.

Supporter
04-05-07, 09:16
Ya lah. Dreaming only:rolleyes: . If I got TOTO 1st prize :p , I will book 1 unit cliveden penthouse:D .

As for know, I am dreaming only.


Buy TOTO or invest in the market to realise your dream.

Slow uptake
04-05-07, 15:34
Reflections uptake is very slow. Any news about how the units are selling now?

Adviser
04-05-07, 19:44
I know this person who has made many mistakes in property purchase. Actually he is one of my good friends. Dunno why? He always buys the wrong property.

First his mistake is to buy Kerrisdale last time. Big mistake cos until now Kerrisdale not sold out due to its red light district location. Also the leasehold Kerrisdale city view will be totally blocked by freehold City Sq. Kerrisdale has not seen its price rising even in this kind of hot property market. What else can u say abt this kind of condo?

Second his mistake is to buy Caribbean condo, but non elite unit. Means no view, and no good facing one. Now he is seeing others units selling for $1200 psf while his own asking for $900 psf also nobody want to buy. Have to beg people to buy.

Third his mistake is to buy Reflections. This one I no need to say any more lah. 1000 over units, lukewarm response, units thrown back, good luck to my dear friend lah.

With people like my dear friend, there will always be winners and losers in this property game.



Minister is bullish about growth potential but says land and labour costs must stay competitive
Geert De Clercq + Mia Shanley
Reuters
Singapore
4 May 2007

Singapore can exceed its 3 to 5% growth potential over the next five to eight years, .................... that the government is not worried about inflation despite a planned two percentage point increase in the goods and services tax, a tight labour market, and a red-hot property market.

He said .................... said that rising property prices and higher salaries were a logical consequence of such policies, but added Singapore would remain competitive with other financial centres.

"We are quite confident that we will remain a lower-cost city among the high-value cities of the world. Amongst the financial centres of the world, we will remain lower cost for quite some time to come," he said, adding that office space costs were still about a third of those in London, 40% of those in Hong Kong and about 60% of those in Tokyo.

He said that the planned new financial centre at the city's waterfront Marina Bay would ease price pressure on office space. He also said that the government would not be shy to intervene in the property market to curb excessive price inflation but said "we are not anywhere near that yet."

"We are quite comfortable with the present stage of the cycle because the mass market is not involved in the frenzy," he said.


Roy, no mistake in buying lah. You should also buy some more.

1. The government is not worried about the red-hot property market.

2. Rising property prices are a logical consequence of good economy policies.

3. We are still a lower-cost city among the global financial centres. We are about a 1/3 of London, 40% of HongKong and about 60% of Tokyo.

4. We are not anywhere near the point of excessive price inflation in property market.

5. The government is comfortable as the mass market is not involved in the frenzy.

This is a golden opportunity for you to increase you wealth. Do it now!

FO
06-05-07, 12:26
This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.

Unregistered
06-05-07, 13:20
This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.

What is the point getting so angry?
As the saying goes, "rich gets richer and poor gets poorer"
Those can be persuaded easily to take the plunge, probably derserve to be poor. It is good for them any way. Believe me, poor man has less stressful life than welthy man. If they are poor, they can just focus on buying toto and 4D every week

As to the property, in mid-90s, many lost money, in 2000-01, many thought the rebound had arrived and decided to jump in and lost some more again. This time, everyone thinks it is safe, let's see

Seng
06-05-07, 19:28
This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.


You want to fight, we fight.
You want to scold, we scold.
I not scare of you. Come!

You want to be poor, don't drag me into water.
$$$$$$
Ha ha ha!

Reflection! Reflection! Reflection!
$! $! $!

Unregistered
06-05-07, 20:59
You want to fight, we fight.
You want to scold, we scold.
I not scare of you. Come!

You want to be poor, don't drag me into water.
$$$$$$
Ha ha ha!

Reflection! Reflection! Reflection!
$! $! $!

So need to talk like that
As long as you are prepared to loose
You got nothing to worry
Who knows, you may make a bundle from your unit at Reflection

ďnsider
06-05-07, 22:34
Mr Ku Swee Yong of Savills says, NO BUBBLE!

Why? Cos only rich people buying. Even the speculation, which forms only a small fraction of total transactions, is confined only to the rich. Losing the 1% option money is not a problem for them.


Don't worry so much Reflection owners.
Please come back to this posting 12 months from now and tell me if your property value have gone up.
It will!

PropNex head has already said "can buy"!
Savills chief has just said "no bubble"!

You would rather listen to loses?
I guess not.

Unregistered
07-05-07, 00:59
reflections is not any condo project... this value of this project is condo+golf+marine+ir... the value will probably set in when sentosa IR is completed... unfortunately a lot of retail potential investors were priced out of this project ...

SAD TRUTH
08-05-07, 00:05
Singaporeans are brained wash by the media, this year can go up by 20%, next year by 30%. All these are ambiguous statements thru our Media by our polictitions and institutions that gain from it. They are just interested in making the broad public go into a buying frenzy and pick up all the overpriced launches. Because when the broad market picks up, guess you gain the most? We are just individuals. They are Gov, developers, institutions, banks and property transaction companies.

Gov gains by releasing land at extremly high prices that were either aquired cheap or even free.
Developers gains by selling new launches at ridiculous prices, plus raise the prices of TOPed projects that still have unsold units.
Instituions gains by buying up prime properties here and justify the purchaces by issuing shares(IPO) or diluting the share value by issuing more. Buy up more and more to push prices up as to wait for the right time for release. The best part is the money they use for these purchases are not even their money, haha, it is the public money again. Property Reits involved.
Banks needless to say. Property market boom = Super business for banks.
Raise interest rate, push out more bank loans....
Property companies will get their cut/commision on every sale. The more the transactions, the more the profit.
These are the people that say the market is booming. sounds like they have alot in stake to be un-bias when reporting news don't you think so?


SAD TRUTH

LB Kwek
08-05-07, 09:23
"We may be witnessing the biggest real estate boom in the history of Singapore."

- Tuesday, 8 May 07

Adviser
08-05-07, 09:27
Singaporeans are brained wash by the media, this year can go up by 20%, next year by 30%. All these are ambiguous statements thru our Media by our polictitions and institutions that gain from it. They are just interested in making the broad public go into a buying frenzy and pick up all the overpriced launches. Because when the broad market picks up, guess you gain the most? We are just individuals. They are Gov, developers, institutions, banks and property transaction companies.

Gov gains by releasing land at extremly high prices that were either aquired cheap or even free.
Developers gains by selling new launches at ridiculous prices, plus raise the prices of TOPed projects that still have unsold units.
Instituions gains by buying up prime properties here and justify the purchaces by issuing shares(IPO) or diluting the share value by issuing more. Buy up more and more to push prices up as to wait for the right time for release. The best part is the money they use for these purchases are not even their money, haha, it is the public money again. Property Reits involved.
Banks needless to say. Property market boom = Super business for banks.
Raise interest rate, push out more bank loans....
Property companies will get their cut/commision on every sale. The more the transactions, the more the profit.
These are the people that say the market is booming. sounds like they have alot in stake to be un-bias when reporting news don't you think so?


SAD TRUTH


Aiyoh! That day I told you to buy what!
In fact, the whole world told you to buy what!
See what happened now?

If you buy then, you would not crying now.
Anyway, not too late for you lah. Luckily, you still have time.
Don't repeat the same mistake again!
Go grab something.
Go now!

hayata1972
08-05-07, 11:50
I just recieved a call from my agent doing detail at reflections. He just told me of 3 more units thrown back by the preview buyers.
1 unit 17flr facing IR, seaview, no blockage going @ $1900+psf
1 unit 10 flr semi IR view, partial blockage @ $1700+psf
1 unit 8 flr golf view, full view @ $1400+psf
Anyone desperate to buy this can go down and check with them. Personally i wouldn't even bother. Go luck to all reflections investors and flippers, you will really need it.:spliff:

Showroom Hopper
08-05-07, 11:58
I just recieved a call from my agent doing detail at reflections. He just told me of 3 more units thrown back by the preview buyers.
1 unit 17flr facing IR, seaview, no blockage going @ $1900+psf
1 unit 10 flr semi IR view, partial blockage @ $1700+psf
1 unit 8 flr golf view, full view @ $1400+psf
Anyone desperate to buy this can go down and check with them. Personally i wouldn't even bother. Go luck to all reflections investors and flippers, you will really need it.:spliff:

On!
Take the 8th-floor golf-course-view one.
Seeya!

LB Kwek
10-05-07, 15:39
"Retaining a portion of units in residential developments makes sense also because residential rentals are set to appreciate further on the back of leasing demand created by the influx of foreign talent into Singapore."

- 10 May 2007

Unregistered
11-05-07, 13:30
"Retaining a portion of units in residential developments makes sense also because residential rentals are set to appreciate further on the back of leasing demand created by the influx of foreign talent into Singapore."

- 10 May 2007
Lots of excuses for everything. Haha'. lame

LB Kwek
11-05-07, 13:54
Lots of excuses for everything. Haha'. lame


You are not even worth to lick my Maybach tires!

Unregistered
12-05-07, 02:00
anybody heard when keppel is launching phase 2

Unregistered
12-05-07, 21:33
anybody heard when keppel is launching phase 2


not anytime soon. still have plenty of unsold units from phase 1

Buyer
13-05-07, 10:12
anybody heard when keppel is launching phase 2

No need to check.
Just go down showroom and buy one.
If you wait, it will go into the next gear and may hit 300 km/h soon.
Must do it before that.

bullish
13-05-07, 16:06
light at cairnhill no more $2K psf. more like $2600-2800psf.even leonie going for $2500psf already. when scotts square launches at >$4Kpsf orchard will see a revision of prices again.

99 yr sentosa, marina are all concept plays whereas orchard will always be blue-chip.

Unregistered
13-05-07, 18:00
light at cairnhill no more $2K psf. more like $2600-2800psf.even leonie going for $2500psf already. when scotts square launches at >$4Kpsf orchard will see a revision of prices again.

99 yr sentosa, marina are all concept plays whereas orchard will always be blue-chip.
but recent caveats for the light are all below 2k psf... asking prices are just ridiculous. no wonder no transactions.

Observer.
13-05-07, 23:01
but recent caveats for the light are all below 2k psf... asking prices are just ridiculous. no wonder no transactions.

Caveats have a few months delay.

Unregistered
13-05-07, 23:15
Caveats have a few months delay.
last year, the caveats seem to take longer to show up but this year, my latest experience shows that caveats are appearing at ura site within 3 weeks. exercised my option in early apr and the caveat showed up before may.

sian...
16-05-07, 12:44
Yesterday after work i went dwn to the shwrm at keppel bay. The place was virtually only agts, no customers. Agts see me like saw walking gold. Chiong to me. Very patietic senario. Last time newspaper write wah, funds and arabs want to buy the whole block. Talking cock, nobody there. Only stupid arab like osama would buy the whole block. Somemore say got indonesian buyers. I think the only indonesian there is some maid boiling water for the agents. Worst of it all, agts try to hard sell me, sian... this is not buying computer or stereo set. One word for reflections. Reflect on your price and relaunch again, if not you will have to sell at 50% discount in a few years time.

Investor.
16-05-07, 12:47
Yesterday after work i went dwn to the shwrm at keppel bay. The place was virtually only agts, no customers. Agts see me like saw walking gold. Chiong to me. Very patietic senario. Last time newspaper write wah, funds and arabs want to buy the whole block. Talking cock, nobody there. Only stupid arab like osama would buy the whole block. Somemore say got indonesian buyers. I think the only indonesian there is some maid boiling water for the agents. Worst of it all, agts try to hard sell me, sian... this is not buying computer or stereo set. One word for reflections. Reflect on your price and relaunch again, if not you will have to sell at 50% discount in a few years time.

Nobody there?
Wah! That's mean it is a good time to accumulate man!

sian...
16-05-07, 12:58
Siow ah you? Think you using monopoly money to buy it is? Unless you want to have a underwater portfolio then go ahead and buy reflections. End of the day you will reflect how stupid you are to buy an overpriced project. My portfolio very clean and nice, everything i buy is not based on projections. It is based on fundamentals. I buy using warren buffet techniques. Reflection buyers are buying like dot com buyers. Rash and dunno how to calculate.

Investor.
16-05-07, 13:44
Siow ah you? Think you using monopoly money to buy it is? Unless you want to have a underwater portfolio then go ahead and buy reflections. End of the day you will reflect how stupid you are to buy an overpriced project. My portfolio very clean and nice, everything i buy is not based on projections. It is based on fundamentals. I buy using warren buffet techniques. Reflection buyers are buying like dot com buyers. Rash and dunno how to calculate.


Different investors buy for different needs. Why say I am siow and stupid? Just to prove that you are smart?

I have different kinds of portfolio, including your kind of portfolio.

If the buyers are shy of Reflection .....
To you: you will stay far away from it.
To me: it is an opportunity.

Q&A
16-05-07, 13:56
"Who is the US fund that bought an entire block of Wing Tai's Draycott 8 project in May 2006?"

Unregistered
16-05-07, 14:28
"Who is the US fund that bought an entire block of Wing Tai's Draycott 8 project in May 2006?"
citadel? think they also bought units at one tree hill.

Unregistered
16-05-07, 14:32
citadel? think they also bought units at one tree hill.

They also bought 25% of Chip Eng Seng.

Big time, man!

Q&A
16-05-07, 14:35
citadel? think they also bought units at one tree hill.

Wrong!
It is not Citadel.

No mark for you!

Q&A
16-05-07, 14:38
"Which US hedge fund snapped up 25 units of Soilbuild's One Tree Hill Residence in December 2006?"

Unregistered
21-05-07, 18:54
Doreen Siow
Reuters
Singapore
21 May 2007

A Singapore government agency on Monday announced a temporary ban on converting offices in its central business district for other uses such as housing, because strong demand has resulted in a shortage of office space.

Singapore developers United Industrial Corp. (UIC) and City Developments (CityDev) , which own old office properties in the downtown district, could be affected by the decision, analysts said.

The city-state's real estate market has rebounded sharply, with strong demand for luxury properties ensuring that many new projects are snapped up within just a few days.

CityDev sold its One Shenton residential project, a converted office block in the business district, within two days of its launch in January.

The growth in the financial services sector has also led to a significant increase in demand for office space over the past two years.

Prime office rents have jumped 77 percent in the first quarter of this year to S$10.60 ($7) per square foot a month from a year ago, according to CBRE Research.

The ban on conversions, which takes place with immediate effect, is "to curb further depletion of the existing stock of office space," the Urban Redevelopment Authority (URA) said in a statement.

URA said the demand for office space is expected to continue to grow, especially in the central area as Singapore strengthens its position as an international financial and business centre.

About 330,000 sq metres (3.6 million sq ft) of new office space is expected to be completed between now and the end of 2009, the URA said.

"This new supply will be insufficient to meet the projected increase in demand between now and end 2009," it added.

However, the situation is expected to improve in 2010 when further new supply, of about 330,000 sq metres in total is expected to come on stream. This includes 180,000 sq metres of office space in the first phase of Singapore's new downtown business district, the Marina Bay Financial Centre.

shalorsar
24-05-07, 17:27
When Caribbean was released everyone said it was over priced. Now price increase nearly 50% in 12 months. Anyone entering this market has the sense to know you need at least three years committment, in 3 years time I guarantee Reflections buyers will be easy to spot...........by the huge smiles on their faces!

Keppel are a smart and responsible developer........they can also wait if they need to, just like they did in Caribbean.

Any fool with money can buy in Orchard, it's value is static and rises or drops based on general trend. Smart investors look for un-locked value. From Vivo City, to new Marina, circle line, Reflections and IR......so much is happening in this region that is why the smart investors are there.

You wanna go with the market....10% or 15% go to Orchard. You want to be an investor 30%+ you got to use your head to look ahead!

Trump
25-05-07, 10:06
Shalorsar said: "Any fool with money can buy in Orchard, it's value is static and rises or drops based on general trend". I beg to differ. Prime locations hold their value better than any other locations.

Orchard, like any other major city's main shopping belt, will always be prime of the prime. Think Park Avenue near Fifth Ave NY, Mayfair near Oxford St London, Causeway Bay HK. Even when the condos there are old there is demand for them and developers will always buy them to re-develop as can be seen in Leonie and Cairnhill.

Keppel Bay is a "casino concept play". It is like Southbank in Melbourne. Carribean was previously unwanted despite its seafrontliving and great architecture. It recently gained attn cos of the casino. W/o the casino, Caribbean wld still be unwanted- between the port and a huge flyover hardly an ideal location. Its proximity to Vivo is not a plus. Vivo is just like any other shoping centre. It is the casino which is its drawing card.

I like Reflections and I'm an admirer of Libeskind. However it being 99 yr old is a big deterrant. While a rising tide lifts all boats like presently, it'll be difficult to find buyers once Carribean or Reflections becomes > 10 yrs old. And There is the perennial problem of value decay as the lease runs out.

It'll be a long time before reflections become en-bloc if ever at all. It prob has maximised its plot ratio for the next 20 yrs. I have no problem seeing Orchard at $7000psf in a couple of years while Keppel Bay will be half that. (cos of the 99 yr element).

shalorsar
25-05-07, 10:46
It depends on your investment outlook. If I want 20 years, I would pick Orchard. If I want 3 to 10 years I would (and did) pick Keppel area.

I am not knocking Orchard, it always has and always will be a prime area. I can also stick $1m in the bank and be sure I will get 2% interest!

Call it casino, vivo or whatever you want, fact of the matter is people could not see the potential in this area as little as 1 year ago, and now they can! And will continue to until at least the IR opens.

Only in Singpoare do you get this ridiculous argument about 99 year lease. What age are the sites going en bloc at the moment? How many 40 year old condo's are in prime areas in Singapore? Are you worried about your grand kids inheritance?

Anyway this mentaility is fine by me. Some pick safe blue chips others find hidden value.

trump
25-05-07, 22:49
ah you re talking your book.. it is not the longevity of 99 yr lease which bothers me but the time decay of its value.

if it is FH i wld close eyes and buy Keppel Bay. just look at the old glories 99yr projects like Bayshore Park, The Bayshore, Mandarin Gardens.. selling for half the price of its FH neighbours while new 99yr ones are only 20% discount from FH. Once it passes 10 yrs on the lease the value drops dramatically.I know cos my prev condo was a 99yr and i had a tough time selling when the land reached 10 yrs.

I guess for prime 99yr, en bloc is a possibility like Horizon Towers, Grangeford, Farrer Ct, Pine Grove, etc. but outside prime, en-bloc is virtually unheard of.

in China and London where all properties are Leasehold it doesnt matter but in a dual tenure mkt like Singapore it matters a lot.

in financial speak, FH is like a perpetual. leasehold is like a bond with a call back feature.

if you bought Reflections congrats i'm sure u can make money. if you bought caribbean you shld be ok if you sell before it reaches 10 yr old. anyway that is an excellent location!

Unregistered
25-05-07, 23:47
ah you re talking your book.. it is not the longevity of 99 yr lease which bothers me but the time decay of its value.

if it is FH i wld close eyes and buy Keppel Bay. just look at the old glories 99yr projects like Bayshore Park, The Bayshore, Mandarin Gardens.. selling for half the price of its FH neighbours while new 99yr ones are only 20% discount from FH. Once it passes 10 yrs on the lease the value drops dramatically.I know cos my prev condo was a 99yr and i had a tough time selling when the land reached 10 yrs.

I guess for prime 99yr, en bloc is a possibility like Horizon Towers, Grangeford, Farrer Ct, Pine Grove, etc. but outside prime, en-bloc is virtually unheard of.

in China and London where all properties are Leasehold it doesnt matter but in a dual tenure mkt like Singapore it matters a lot.

in financial speak, FH is like a perpetual. leasehold is like a bond with a call back feature.

if you bought Reflections congrats i'm sure u can make money. if you bought caribbean you shld be ok if you sell before it reaches 10 yr old. anyway that is an excellent location!

SOmething must be wrong here that you live by the one of the busiest container port in the world and you called those "sea View" are fantanstic? I guess you dn't have to go far to find out what "sea view" condos are supposed to be. I guess if you live at the penthouse, the container ships from a distance could be quick nice looking and may even be mistaken as a super luxury jumbo size yacht

Unregistered
26-05-07, 15:03
SOmething must be wrong here that you live by the one of the busiest container port in the world and you called those "sea View" are fantanstic? I guess you dn't have to go far to find out what "sea view" condos are supposed to be. I guess if you live at the penthouse, the container ships from a distance could be quick nice looking and may even be mistaken as a super luxury jumbo size yacht

That is the power of advertisement. Some people will buy into the idea that it's design by renown designer and honestly it looks great. The so call sea view becomes less of important to these people.

architecture lover
26-05-07, 16:28
Big name architects dont necesarily mean success for the project. Look at Orchard Scotts(arquitectonica) and The Linear(kenzo tange) trying so hard to push but to no avail. Scotts is becos of 99 yr status amidst a FH area.. Linear is cos of the bad location.

There'll be more big name architect projects coming soon namely Cliveden (Carlos Ott), Pintjoe Court (Norman Foster) & Scotts Tower (OMA) which I think will sell out cos of their excellent location and FH status.

Unregistered
29-05-07, 19:21
True!

What is most important is the location location location. With a top location, high price is possible to ask for. By top location I don't mean just D1,4,9,10,11,15. I mean even within those districts, the vicinity, the roads leading to it, the surroundings, etc.

Unregistered
31-05-07, 22:15
That is the power of advertisement. Some people will buy into the idea that it's design by renown designer and honestly it looks great. The so call sea view becomes less of important to these people.

Personally, I think the sea view is worth big bucks. Its both i) very nice (much better than East Coats) and ii) guarenteed to be unblocked

Design is nice but I am more interested in what I see when I look out of my apartment than what it looks like to someone looking in!

shalorsar
04-06-07, 11:35
SOmething must be wrong here that you live by the one of the busiest container port in the world and you called those "sea View" are fantanstic? I guess you dn't have to go far to find out what "sea view" condos are supposed to be. I guess if you live at the penthouse, the container ships from a distance could be quick nice looking and may even be mistaken as a super luxury jumbo size yacht

Tell me where in Singapore is better?

East Coast has ships at anchor as far as the eye can see, and a plane landing every second.

Marina will have a reservoir, casino, skyscrapers and a huge wheel......and ships at anchor as far as the eye can see.

Sentosa is right beside the shipping channel with a container ship coming in or out every second......and ships at anchor as far as the eye can see.

West coast has more container terminals and oil refineries.......and ships at anchor as far as the eye can see.

Or perhaps North Island and the delights of JB!

Singapore aint Sydney or Monaco, so whatever sea view you have is relevant to living on a tiny island that conducts a huge amount of commerce.

A sea view in Singapore is relative only...... to a sea view in Singapore. May not be the prettiest but it certainly is dynamic.

Madeira
04-06-07, 13:29
Based on these arguments, then Tuas also very good. Got sea view also. Can also see the Jurong islands and some of the mountains in Malaysia.

Unregistered
04-06-07, 16:41
Why not Sembawang. Thats also a seaview and no traffic jam??
Cheap somemore with big trees surrounding and plenty of fresh air. A lot of craps somemore for dinner.

crab you mean?
04-06-07, 17:34
Why not Sembawang. Thats also a seaview and no traffic jam??
Cheap somemore with big trees surrounding and plenty of fresh air. A lot of craps somemore for dinner.

Crap or crab? hehe

Madeira
04-06-07, 22:56
Of all new projects in the core central region, I think Reflections at Keppel Bay is the hardest to make money because of the sheer size of the project (>1000 units). People who want to make a quick buck in properties shd buy other new projects that are more niche and have fewer units.

Unregistered
05-06-07, 10:23
Crap or crab? hehe

Hahahah. Interestingly both are present in sembawang.

However in sembawang there are more crabs than craps. As for kepple area will be full of craps gambling out thier money in years to come.

sentosa?
06-06-07, 19:50
Sentosa IR is a family resort kind of thing right? If i'm not wrong, catering to the 3rd world tourists from Southeast Asia and China? So where is the glamour in living so close to the IR? How to justify Reflections' $2000 psf prices? I can think of several other fundamentally stronger locations to spend my $2000 psf on! By "fundamentally stronger" I mean where the rich global citizens shop, work, and play. You know where lah.

Unregistered
06-06-07, 20:36
Sentosa IR is a family resort kind of thing right? If i'm not wrong, catering to the 3rd world tourists from Southeast Asia and China? So where is the glamour in living so close to the IR? How to justify Reflections' $2000 psf prices? I can think of several other fundamentally stronger locations to spend my $2000 psf on! By "fundamentally stronger" I mean where the rich global citizens shop, work, and play. You know where lah.


Where ahh??? :D

shalorsar
07-06-07, 16:23
Sentosa IR is a family resort kind of thing right? If i'm not wrong, catering to the 3rd world tourists from Southeast Asia and China? So where is the glamour in living so close to the IR? How to justify Reflections' $2000 psf prices? I can think of several other fundamentally stronger locations to spend my $2000 psf on! By "fundamentally stronger" I mean where the rich global citizens shop, work, and play. You know where lah.

Reflections may seem high now.........so did Caribbean and there average prices have increased c.50% in 12 months.

Couldn't care less what class of world the money is coming from......but it's coming to distrcit 4 over the next few years.

Teacher
07-06-07, 18:07
Reflections may seem high now.........so did Caribbean and there average prices have increased c.50% in 12 months.

Couldn't care less what class of world the money is coming from......but it's coming to distrcit 4 over the next few years.

Relax!
Doesn't matter lah.
If you think it is high, everywhere is high.

When we look back later, everywhere would have gone up.

mr funny
02-09-08, 10:04
http://www.straitstimes.com/Money/Story/STIStory_274328.html

Sep 2, 2008 Tuesday

Developers starting to preview projects

With Hungry Ghost month over, condo projects being launched to test market

By Fiona Chan, Property Reporter

http://www.straitstimes.com/STI/STIMEDIA/image/20080901/ST_IMAGES_FIOLAUNCH.jpg
An artist's impression of Reflections at Keppel Bay. Units in a new tower block there were released for sale over the weekend. -- PHOTO: KEPPEL CORP

NOW that Hungry Ghost month is over, property developers are starting to line up project previews and launches to test the market.

Keppel Land released a new high-rise tower block at its Reflections at Keppel Bay on the weekend, putting up a third of the block's 83 units for sale in Singapore and Hong Kong.

About 10 apartments have been sold since Saturday, at an average of just over $2,000 per sq ft (psf). Prices range from $1,500 to $2,300 psf, depending on the floor and the view.

A two-bedroom apartment on a low floor would cost about $1.5 million, according to property agents. Reflections has a total of 1,129 units in six high-rise tower blocks and 11 low-rise villa blocks.

Also on the weekend, Far East Organization invited interested buyers to its showflat for Miro in Lincoln Road, which sources say will be launched in about two weeks.

The freehold 85-unit development is priced at around $1,700 per sq ft (psf) on average, they said. Prices start at about $1.6 million for a one-bedroom studio loft of 990 sq ft.

Also available in the 32-storey tower are two-bedroom units of 1,302 sq ft and three-bedroom lofts at more than 1,600 sq ft.

A boutique project at nearby Moulmein Road starts previews this weekend with plans for a launch next Monday.

Mulberry Tree has 32 freehold units and a 'retro-style' facade, said an agent marketing the development. Indicative prices have been set at $1,300 to $1,500 psf. They start at less than $700,000 for the smallest apartment.

Agents said the two-bedroom flats, of about 710 sq ft each, would cost around $900,000. The project is forecast to be completed at the end of 2011.

Developer Hong Fok is expected to preview its Concourse Skyline in Beach Road later this month. Prices are likely to range from $1,600 to $2,000 psf, with two-bedroom units priced upwards of $1.8 million, The Straits Times understands.

The 360-unit development is slated to be completed in 2013.

Tat Aik Group has also started to preview its Nathan Residences, which will be developed on the former Nathan Court in Nathan Road.

Sales are expected to start this week, with prices in the region of $2,000 psf, said marketing agents. One-bedroom units will start at $1.2 million and two-bedroom apartments are likely to go for $1.6 million.

[email protected]

asspan sengupta
10-10-08, 22:19
south west sea view of reflection is full of oil refineries n storage tanks. Its jus like jurong industry est on water. Eyesore! I know cos i work nearby in hv this daily view.

URA
17-10-08, 23:50
Private Residential Units Sold in the Month of September 2008

Project Name ................ Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Reflections @ Keppel Bay . RCR ........ 8 ............................... 2,367 ............. 2,086 ........... 1,695

Supporter
17-10-08, 23:56
Private Residential Units Sold in the Month of September 2008

Project Name ................ Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Reflections @ Keppel Bay . RCR ........ 8 ............................... 2,367 ............. 2,086 ........... 1,695
Wow! $2,367psf!

Cluster Housing.
31-10-08, 17:58
Fantastic New FH Cluster Project in D4! $5plus psf!!!!! Mins to City/Future Casino/IR/Sentosa/HabourFront/Vivio/Mt. Fabour.
Modern stylish concept with private jacuzzi & designer fittings. Preview launch
this Sat @ 10 am. 1st come 1st serve. Call now to book your appt!!!!
Katherine Tan. HUTTONS 9782-4677.

min 3mil
31-10-08, 19:29
Fantastic New FH Cluster Project in D4! $5plus psf!!!!! Mins to City/Future Casino/IR/Sentosa/HabourFront/Vivio/Mt. Fabour.
Modern stylish concept with private jacuzzi & designer fittings. Preview launch
this Sat @ 10 am. 1st come 1st serve. Call now to book your appt!!!!
Katherine Tan. HUTTONS 9782-4677.

Ya but you should mentioned that this is from 5500 to 8600 Sqft bungalow means minimum is 3million onwards.

Question
07-11-08, 21:18
Wow! $2,367psf!
What kind of unit is this?

Unregˇstered
10-11-08, 10:50
What kind of unit is this?
Unit for the rich and famous?


http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Gong Li becomes a Singaporean
The Straits Times
Monday, 10 November 2008

http://www.asiaone.com/a1media/news/11Nov08/images/20081110.071736_gongli.jpg

Three months after her no-show at a citizenship ceremony here kicked up a storm, Chinese actress Gong Li showed up at one on Saturday to collect her Singapore identity card. The 43-year-old got her citizenship certificate from MP Lee Bee Wah at a ceremony held at the Teck Ghee Community Club along with 149 other new citizens. She stood, with her right fist on her chest, and recited the pledge.

The actress, who was born in east China's Shandong province, had applied for Singapore citizenship earlier this year and was supposed to collect her pink IC in August. However, she was not in Singapore at the time as she was filming a movie overseas, said her close Singaporean friend and celebrity hairstylist David Gan.

She raised the ire of some Singaporeans over her no-show at the ceremony in August, with some questioning whether she was showing disrespect to her new country. In 1996, she married Singaporean tobacco businessman Ooi Hoe Seong, 57.

Haha
11-11-08, 13:22
Unit for the rich and famous?
She is among the 500 eyeing for 1 of the 480 HDB DBSS flats lah!


http://www.channelnewsasia.com/stories/singaporebusinessnews/view/388925/1/.html

Demand for and prices of public housing flats expected to stay resilient

By Wong Siew Ying, Channel NewsAsia | Posted: 10 November 2008 2054 hrs


SINGAPORE : The demand for and prices of public housing flats are expected to remain fairly resilient despite the economic downturn. Market watchers said this applies to both resale and new units.

Close to 9,000 people have visited the Natura Loft showflat since it was launched for sale on October 31.

Its developer, Qingjian Realty, has already received 500 applications, mostly for four-room units there. But only 480 units are being offered, and these are going for between S$450 and S$570 per square foot.

Sales will close on November 15 and Qingjian expects demand for the new flats to be robust. Natura Loft is the Housing and Development Board's fourth condo-style public housing project.

Similarly, interest for public resale flats has not slowed. Property agents said the number of viewings for resale units jumped by 15 per cent in the last six weeks.

Eric Cheng, executive director, HSR Property Consultants, said: "I did an interview with one of the consumers, they were sharing with me that 'In today's market, I don't know how long my job will last, so to safeguard, I would rather go for subsidised (a) house, that is HDB, because how low could HDB go, HDB houses always will have a valuation to support the base value of the units'."

Market watchers expect prices of resale flats to grow by about 4 per cent in the fourth quarter, slightly slower than the third quarter - which saw a 4.2 per cent growth.

ERA real estate agency projects price growth in the HDB resale flats segment to be at between 15 and 17 per cent for the whole of 2008. And it also said it is going to be a buyer's market for now, due to the challenging economic conditions.

Eugene Lim, associate director, ERA Asia Pacific, said: "Most of the buyers will start their negotiations at below valuation... by and large, most of the deals are pretty realistic nowadays, and cash over valuation very rarely will be more than S$40,000 to S$50,000. ... the days of S$100,000 or S$120,000 cash over valuation... are over."

Market players said the outlook for Singapore's property sector may be hazy in the short term, but the prospects still look bright beyond 2010. They said that is because Singapore has plans in place that will help to create jobs and boost the economy. - CNA/ms

What?
11-11-08, 16:43
She is among the 500 eyeing for 1 of the 480 HDB DBSS flats lah!
You siow or what?

More for these employees lah.


http://www.channelnewsasia.com/images/CNAlogo.gif
Resorts World at Sentosa starts hiring for Universal Studios
May Wong
Channel NewsAsia
Singapore
Monday, 10 November 2008, 2201 hrs

http://www.channelnewsasia.com/imagegallery/store/php30s8lD.jpg
Universal Studios, Orlando, Florida, U.S.

Resorts World at Sentosa wants to hire 2,300 people for its theme park operations by the second quarter of next year.

Its assistant vice-president for Communications, Robin Goh said the company has started to fill 300 managerial and supervisory positions for the Universal Studio operations here.

The integrated resort will send 100 of them to the Universal Studios in Orlando, US for about four months of training. Mr Goh said some of the 200 managers will spend about two weeks there.

He said this will cost Resorts World at Sentosa about S$5 million and is part of the company's training budget.

This news comes less than a month since Marina Bay Sands Resort announced its massive recruitment drive.

Resorts World at Sentosa confirms it is on track to open in early 2010.

Mr Goh said the integrated resort will also keep its promise of offering 10,000 jobs where Singaporeans will get priority in the hiring. Of the 10,000 jobs, 30 per cent or 3,000 jobs will go to the Universal Studios operations here.

In addition, Resorts World is also working with four polytechnics - Temasek, Ngee Ann, Nanyang and Singapore Polytechnics.

They are planning to send about 100 of the poly students to the Universal Studios in Orlando for internships starting next year. They will spend about four months there.

When the students return home, they may get a job at the Universal Studios in Singapore.

Reporter
17-11-08, 13:41
Private Residential Units Sold in the Month of October 2008

Project Name ................ Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Reflections @ Keppel Bay . RCR ........ 1 ............................... 2,306 ............. 2,306 ........... 2,306
About the same.