Alexis @ Alexandra Road (D3, Freehold, Yi Kai Development and Fission Group) [Archive] - Page 2 - Condo Forum Singapore Property Review Mortgage Loan Buy Rent Sell Real Estate

sacramentoo

02-03-09, 10:21

Thanks all for your feedback. Really appreciate it. Sad to say but yes, I have already bought a unit at Alexis. I am thinking of sub-sale now and buy another place as the floor area is an issue to me now. Wonder why it is not at the point of sale. Sigh!

I have 2 kids - 6yo and 1yo. Both husband and I love D3, very convenient and we both grew up in that area. Now staying in the West is a nightmare and we cant wait to get out. Husband is trying to encourage me to hold and emphasis the small area does not matter. Obviously reading the forum here does not help either and I am kind of disturbed by the purchase.

Do you all think I can still sub-sale at the purchase price? Probably not?

Hi Gisele, I hope you have luck selling your Alexis unit and have selected your next property of choice, at the meantime could I trouble you to share your experience in picking the small unit Alexis, so we could learn from it. For eg:

Could you have overlooked the small floor area size because of the good marketing done by the Agent?

Was it because that units after units were snapped up amidst the crowded showroom, and that you have to quickly pick one before none's available?

Appreciate if you could share your experience on the hasty decision as I have been subjected to herd mentality and agents' marketing before....

Thanks!

propertyguru

09-03-09, 18:25

So I just got an sms informing me that there are returned units for Alexis. I don't understand why people would pay 5% option and then not exercise it? Surely they should have considered the purchase before handing over the cheques. Bizarre.

Gordon Yuen

09-03-09, 18:40

ulrich76

09-03-09, 19:58

I guess this has happened to many projects. Why?

It certainly does not make sense. Even for $400k one bedder, the buyer will lose $20k in a matter of weeks. One cannot help but suspect some sinister plot here. Was it really 100% "sold"?

Was it a fake q in front of the hawker stall :spliff: :spliff:

thomastansb

09-03-09, 20:09

Anyone want to sell Alexis? I am willing to buy a 2 bedders for $700-750 psf. PM me if got offer. If not, just pretend I never ask.

Gordon Yuen

09-03-09, 20:14

Anyone want to sell Alexis? I am willing to buy a 2 bedders for $700-750 psf. PM me if got offer. If not, just pretend I never ask.

The developer will sell you those returned units at this price.

sacramentoo

09-03-09, 21:16

I guess this has happened to many projects. Why?

1) Could it be that these are flippers who are dreaming to flip and can only afford the 5% option fee but not the 15% which will be due in few weeks time.......and for the past month realise that there is no buyers to flip to without incurring a loss...so cut lost before they have to fork out another 15%?

2) Could it be a ploy to hype up the popularity of this property through some fictitious purchase to make up the 100% fully sold just so to entice buyers, but now have to release it back?

Wish we could have more enlightenment on this...

09-03-09, 21:22

1) Could it be that these are flippers who are dreaming to flip and can only afford the 5% option fee but not the 15% which will be due in few weeks time.......and for the past month realise that there is no buyers to flip to without incurring a loss...so cut lost before they have to fork out another 15%?

2) Could it be a ploy to hype up the popularity of this property through some fictitious purchase to make up the 100% fully sold just so to entice buyers, but now have to release it back?

Wish we could have more enlightenment on this...

If I am not wrong, for any developer sales, the buyers only forfeit 25% of their 5% deposit (i.e. 25% x 5% = 1.25% of price), not the full 5%. This means that for a $400,000 unit, the buyer only forfeits $5000. Rather affordable way to cut loss... :)

ulrich76

09-03-09, 21:38

If I am not wrong, for any developer sales, the buyers only forfeit 25% of their 5% deposit (i.e. 25% x 5% = 1.25% of price), not the full 5%. This means that for a $400,000 unit, the buyer only forfeits $5000. Rather affordable way to cut loss... :)

wow really? so $5000 to gamble for flipping gains which could be much higher? Good try, just the wrong time I guess

ppty

09-03-09, 21:43

received sms from agents

"some units in Alexis available due to dropout "
"balloting tomorrow at 3pm "

those who bought the units must have realised their folly
at buying "barbie doll size units"

now regret and cut loss as later loss may be more - so that's why these buyers dropping out.......

hats off to great marketing by developer

thomastansb

09-03-09, 21:58

I don't mind buying from the sub-sellers. If got 700-750 psf, can PM me. I feel that is the fair value of Alexis. If anyone think otherwise, then ignore this message.

received sms from agents

"some units in Alexis available due to dropout "
"balloting tomorrow at 3pm "

those who bought the units must have realised their folly
at buying "barbie doll size units"

now regret and cut loss as later loss may be more - so that's why these buyers dropping out.......

hats off to great marketing by developer

cher

09-03-09, 22:04

Anyone want to sell Alexis? I am willing to buy a 2 bedders for $700-750 psf. PM me if got offer. If not, just pretend I never ask.

Ya you wait long long lor

thomastansb

09-03-09, 22:36

I already say pretend I never ask.

Actually I am looking for cheap buy in a not so good location. Alexis is one of my target.

Ya you wait long long lor

Gordon Yuen

09-03-09, 22:46

Gordon Yuen

09-03-09, 22:48

I already say pretend I never ask.

Actually I am looking for cheap buy in a not so good location. Alexis is one of my target.

You should not buy if it is not so good location.

Acer

09-03-09, 22:54

Let's welcome another "barbie doll size" project, Kembangan Suites.

is it that one 12 unit project?

Had agent ask to pass him the CHQ for ballot??? :tongue3:

Gordon Yuen

09-03-09, 22:59

is it that one 12 unit project?

Had agent ask to pass him the CHQ for ballot??? :tongue3:

12 units are for one room. Total 60 units, FH and just opposit MRT. 8 commercial units.

jwong71

09-03-09, 23:05

wow really? so $5000 to gamble for flipping gains which could be much higher? Good try, just the wrong time I guess

Flipping at wrong time and with so many of new launches coming up..
Totally oversupply of condos,buyers jolly go q and buy themselves to save their 50k. instead of putting into pockets of flippers

HP65

10-03-09, 07:35

Ya you wait long long lor

Yeah, your `long' is just round the corner. Even at $700 psf, I wouldnt consider such apt (read: not condo). Its good that so many people like you refuse to face reality as the fall will be greater and harder. I'm a landlord too but to be a successful landlord, you need to know to have entry or exit strategy, even if you are rich. Otherwise, its better off gambling at the IR as properties stakes are high.

But I guess, gamblers like you wouldnt understand.

Gordon Yuen

10-03-09, 08:26

Yeah, your `long' is just round the corner. Even at $700 psf, I wouldnt consider such apt (read: not condo). Its good that so many people like you refuse to face reality as the fall will be greater and harder. I'm a landlord too but to be a successful landlord, you need to know to have entry or exit strategy, even if you are rich. Otherwise, its better off gambling at the IR as properties stakes are high.

But I guess, gamblers like you wouldnt understand.

All the buyers of Alexis are gamblers.............:doh:

thomastansb

10-03-09, 08:54

Ya la. I know but don't want to pay too much. So have to look at those location which are not so good one lor. Also considering HDB flats but I think Alexis is fine if the PSF is $700. Anything more than 800, I think can kiss my ass. Who knows 6 months later, Alexis trading at 600 PSF? Hahaha.

For those who disagree, pretend I never post.

You should not buy if it is not so good location.

Gordon Yuen

10-03-09, 13:09

Petmail

11-03-09, 15:54

wow really? so $5000 to gamble for flipping gains which could be much higher? Good try, just the wrong time I guess

buyers are not able to flip option when buying new primary project from developers. they can only sell it after exercising the s&p and payment of stamp duty.

:)
Pet

x11

11-03-09, 16:16

buyers are not able to flip option when buying new primary project from developers. they can only sell it after exercising the s&p and payment of stamp duty.

:)
Pet

mmm, if that's the case and if really people purchase to flip, then their cost price for the units will be at least developer selling price + stamp duty ...

Gordon Yuen

11-03-09, 16:53

mmm, if that's the case and if really people purchase to flip, then their cost price for the units will be at least developer selling price + stamp duty ...

Plus penalty imposed by the bank for termination of loan agreement plus opportunity cost..........

magdalene

11-03-09, 17:46

buyers are not able to flip option when buying new primary project from developers. they can only sell it after exercising the s&p and payment of stamp duty.

:)
Pet

Pardon my ignorance... can I know why there were advertisements the next day after the property was supposed to be fully sold? Does that mean the buyers immediately exercise s&p and pay the stamp duty?
just trying to know more... in case I want to flip property in future.. haha :)

mmmm.. I also saw an ad that says 'reserve units' will be released soon the week after

HP65

12-03-09, 04:11

buyers are not able to flip option when buying new primary project from developers. they can only sell it after exercising the s&p and payment of stamp duty.

:)
Pet

You are either a green horn, or you are not telling the truth about the industry. C'mon, who are you kidding about not being able to flip option? Green horn buyers? :)

i12buyhouse

13-03-09, 12:58

It is depend on the term and condition in the OTP whether it enpower an "Anomaly" holder to exercise the OTP.

You are either a green horn, or you are not telling the truth about the industry. C'mon, who are you kidding about not being able to flip option? Green horn buyers? :)

teddybear

13-03-09, 14:27

By the way, if my memory did not fail me (correct me if I am wrong), it seems the regulation has been changed a few months ago such that before you flip, you must also pay stamp duty first.

You are either a green horn, or you are not telling the truth about the industry. C'mon, who are you kidding about not being able to flip option? Green horn buyers? :)

taisan

14-03-09, 03:21

Hi can anyone post some photoes of the Alexis showflat? :)

taisan

18-03-09, 01:58

nobody have the photo of alexis? ;):scared-5:

Acer

18-03-09, 08:58

nobody have the photo of alexis? ;):scared-5:

U cannot go down and take photo urself mah?

proud owner

18-03-09, 11:29

U cannot go down and take photo urself mah?

ahahhaahahahhahahahahah

gfoo

18-03-09, 13:20

nobody have the photo of alexis? ;):scared-5:

dey, http://images.google.com

go search yourself lah

taisan

18-03-09, 19:25

I think evrything happened with a reason.. my reason is I am away from singapore for another few months... therefore I can't go and take the photo. I thought the peoples in this forum is helpful though?

Acer

18-03-09, 19:35

0412

31-03-09, 08:44

any buyer done sub sales for alexis??
is alexis so solid as it made out to be??
any comments??

teresa

31-03-09, 12:24

any buyer done sub sales for alexis??
is alexis so solid as it made out to be??
any comments??

It very much depends on individual buyer's need, ie. buying to invest, buying to stay, buying as a single occupant or just buy becos of the location. I would say if yr profile of buying as a single to stay, the super small size alexis would be okay as when the dark clouds are blown away in 3-5 years time, I would think the prices will go up when our population starts to trend upwards towards 6.5 mil. At this moment, many would think its a suicide to buy now.

Reporter

07-10-09, 23:59

http://www.zaobao.com/images1/zblogo.gif
面积不到500平方英尺迷你公寓销量今年创纪录
吴慧敏
联合早报
星期三, 7-9-2009

越小的单位越好卖。今年来小型单位公寓在本地楼市掀起一阵抢购热潮，截至9月份发展商已经卖出了412个面积不到500平方英尺的“迷你”单位，打破历来最高水平。

世邦魏理仕（CB Richard Ellis）的数字显示，1995年整个市场只有一个面积小于500平方英尺的单位成交。但随着楼价的攀升，人们对小型单位的接受程度也逐渐提高，到了2006年，已有171个迷你单位成功在这年内找到买家。

过去四年，迷你单位的成交量逐年升高。2007年楼市进入高峰期，迷你单位的成交量也跃增60％至275个单位。到了2008年，楼市虽然陷入低潮时，整个市场成交的新私宅单位由超过1万个单位剧跌至4264个，但迷你单位的成交量仍然逆流而上，达到299个。

今年虽然还有三个月才结束，但迷你单位的成交量已经再攀高峰，达到412个。至于面积介于500至800平方英尺的小型单位，成交量也高达908个。

房地产交易活跃迷你单位销售火热

世邦魏理仕执行董事李晓和说：“过去几个月的交易异常活跃，其中一大部分的销售热度来自这些迷你单位。发展商虽然在2009年推出更多迷你单位，但它们往往都在推出的极短时间内被买家抢购一空。”

例如今年二月推出的Alexis，尺价虽然不低（约1100元），但仍然在当时淡市中卖个满堂红。这个项目的多数单位，面积都偏小，介于400平方尺（一卧房）至650平方尺（二卧房）之间，售价介于45万到65万元。

Alexis的销售报捷马上吸引了一些发展商跟风，纷纷改换设计图，将原本较大的单位改成较小面积。例如力宝集团的经禧路公寓The Laurels原本计划建造145个单位，但后来却改成290个较小的单位。

据了解，新加坡置地的Trizon原本也只是计划建造190个单位，但最近推出时却已经改为289个单位。

上个星期，位于芽笼的Suites @ Guillemard，也在推出的第一天就火速卖出80％的单位。这个项目最大的卖点是，最小的单位只有258平方英尺，也就是大约六张半乒乓桌大小，相信是本地至今最小的公寓单位。

虽然这些单位的尺价高达1288元至1450元，但由于单位价介于38万元至55万元，容易负担，所以很快就被买家扫光。这个价位也突破了芽笼一带所有项目的尺价，几乎可以媲美纽顿一带的水平。

李晓和指出，最近推出的一些新项目，甚至将顶层豪宅（penthouse）的面积设计得只有800至1200平方英尺，跟一般家庭式单位差不多，而不是传统的超大面积。

对于这样的一个潮流是否可以持久，李晓和语带保留：“一旦这些项目完工，原本打算买来自住的人得考虑他们是否能够在这种较小型的单位住得习惯？”

“至于那些买来投资的人，也必须想想，谁会向他们租用这些房子？虽然有些单身的外籍专业人士或者单身的本地雅皮士可能觉得这种房子符合他们的生活方式，不过这类族群的人数是否足够填满这类单位，至今还是个未知数。”

自1995年来，发展商已经卖出了1306个面积小于500平方英尺的迷你单位。至于面积介于500至800平方英尺的小型单位，过去十四年来则总共卖出了6193个。

taisan

04-11-09, 15:54

fyi to those alexis owners, construction starting at the sites! Lot of materials and machinery at the sites and looks like they are doing the piling.

Reporter

12-11-09, 21:59

http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Record $653,000 for flat
Jessica Cheam
The Straits Times
Thursday, 12 November 2009, 10.12 pm

http://www.straitstimes.com/STI/STIMEDIA/image/20091112/flat-desmondlim.jpg
Chris Neo (left) and Kelvin Lim (right), seller of the flat Michael Nandakumaran (center), with sold a HDB flat at Blk 48, Strathmore Avenue for a record price of $653k. -- Photo: Desmond Lim, ST

A 4-room Queenstown HDB flat has sold for $653,000, setting a new record for psf, amid continuing red-hot demand for resale flats.

The buyers, a male Indonesian permanent resident and a Singaporean woman, could have bought a condominium unit in an outlying area for the price.

But they were won over by the location, just five minutes walk from Queenstown MRT station, and on the top, 40th floor of the block, with unblocked views of greenery from all windows.

The 4-year-old 969sqft unit at Forfar Heights, Strathmore Avenue, sold for $68,000 above valuation - a level determined by an independent valuer.

This works out to $674 psf, smashing the previous record of $609 psf, achieved in January last year, by about 10%.

This may be an unusually high price but resale prices have been moving up.

Reporter

18-12-09, 21:33

Alexis
Address .................................... psf ................. Area ......... Price ........... Contract Date
356 Alexandra Road #02-61 ..... $1,276 psf ..... 420 sqft .... $535,000 ..... 13 Nov 09
356 Alexandra Road #04-27 ..... $1,345 psf ... 409 sqft .... $550,000 ....... 9 Nov 09
356 Alexandra Road #04-43 ..... $1,320 psf ..... 409 sqft .... $540,000 ...... 22 Oct 09
356 Alexandra Road #02-03 ..... $1,329 psf ..... 420 sqft .... $558,000 ..... 23 Sep 09

These lucky people!
I dunno watta say!

356 Alexandra Road #02-61 ..... $1,276 psf ..... 420 sqft .... $535,000 ..... 13 Nov 09
356 Alexandra Road #02-61 ..... $1,112 psf ..... 420 sqft .... $467,000 ....... 3 Mar 09

356 Alexandra Road #04-27 ..... $1,345 psf ... 409 sqft .... $550,000 ....... 9 Nov 09
356 Alexandra Road #04-27 ..... $1,110 psf ..... 409 sqft .... $454,000 ..... 10 Mar 09

356 Alexandra Road #04-43 ..... $1,320 psf ..... 409 sqft .... $540,000 ...... 22 Oct 09
356 Alexandra Road #04-43 ..... $1,198 psf ..... 409 sqft .... $490,000 ....... 10 Jul 09

356 Alexandra Road #02-03 ..... $1,329 psf ..... 420 sqft .... $558,000 ..... 23 Sep 09
356 Alexandra Road #02-03 ..... $1,112 psf ..... 420 sqft .... $467,000 ..... 10 Mar 09

Regulators

18-12-09, 22:01

AL THE MICKEY MICE, CHEONG AHHHHHHHH!!!!!:eek: :eek: :eek: :eek:

Alexis
Address .................................... psf ................. Area ......... Price ........... Contract Date
356 Alexandra Road #02-61 ..... $1,276 psf ..... 420 sqft .... $535,000 ..... 13 Nov 09
356 Alexandra Road #04-27 ..... $1,345 psf ... 409 sqft .... $550,000 ....... 9 Nov 09
356 Alexandra Road #04-43 ..... $1,320 psf ..... 409 sqft .... $540,000 ...... 22 Oct 09
356 Alexandra Road #02-03 ..... $1,329 psf ..... 420 sqft .... $558,000 ..... 23 Sep 09

These lucky people!
I dunno watta say!

356 Alexandra Road #02-61 ..... $1,276 psf ..... 420 sqft .... $535,000 ..... 13 Nov 09
356 Alexandra Road #02-61 ..... $1,112 psf ..... 420 sqft .... $467,000 ....... 3 Mar 09

356 Alexandra Road #04-27 ..... $1,345 psf ... 409 sqft .... $550,000 ....... 9 Nov 09
356 Alexandra Road #04-27 ..... $1,110 psf ..... 409 sqft .... $454,000 ..... 10 Mar 09

356 Alexandra Road #04-43 ..... $1,320 psf ..... 409 sqft .... $540,000 ...... 22 Oct 09
356 Alexandra Road #04-43 ..... $1,198 psf ..... 409 sqft .... $490,000 ....... 10 Jul 09

356 Alexandra Road #02-03 ..... $1,329 psf ..... 420 sqft .... $558,000 ..... 23 Sep 09
356 Alexandra Road #02-03 ..... $1,112 psf ..... 420 sqft .... $467,000 ..... 10 Mar 09

Reporter

02-03-10, 23:14

Alexis has just set a nëw hïgh of $1,360 psf!

Alexis
Address ............................. psf ............... Area ........ Price ......... Contract Date
356 Alexandra Road #04-07 .... $1,360 psf .... 388 sqft .... $527,000 .... 8 Feb 10

Bangquan

24-06-10, 06:40

I am looking to buy a studio at Alexis however I am not sure at this current market price it is still a good buy or if there are other projects that I should consider. My budget is $700k... what is the risk?
Any advice would be most appreciated.

Thanks!!!

DC33_2008

24-06-10, 09:21

The construction has reached 2nd floor. You should go to site and see if it is worth the current asking $psf. Check also on the likely rental to determine your yield if you are buying for investment.

bargain hunter

24-06-10, 09:23

if u buy the wrong unit, u could end up in a dormitory like setting. i think some units have only 1 window facing the common corridor and that's it.

I am looking to buy a studio at Alexis however I am not sure at this current market price it is still a good buy or if there are other projects that I should consider. My budget is $700k... what is the risk?
Any advice would be most appreciated.

Thanks!!!

august

24-06-10, 10:12

proud owner

24-06-10, 10:22

can consider Queens

if you are going to buy that area .... why dont buy FH ? like Anchorage ?

though its older .. but still FH

if want to buy LH at that area like Queens .. might as well buy HDB around there

august

24-06-10, 10:35

if you are going to buy that area .... why dont buy FH ? like Anchorage ?

though its older .. but still FH

if want to buy LH at that area like Queens .. might as well buy HDB around there

HDB too many rules & restrictions. Anchorage FH so more ex, otherwise is old & also surrounded by HDB, also further from mrt... depends what buyer wants lor.

DC33_2008

24-06-10, 10:40

HDB too many rules & restrictions. Anchorage FH so more ex, otherwise is old & also surrounded by HDB, also further from mrt... depends what buyer wants lor.

Do you think there is still potential in this area? Not much happening around this area.

august

24-06-10, 10:42

Do you think there is still potential in this area? Not much happening around this area.
got two 99LH plots behind Queens and Alexis slated under GLS in 2Q10. They wont be cheap, but who knows wait global crisis come again.

kane

24-06-10, 21:19

got two 99LH plots behind Queens and Alexis slated under GLS in 2Q10. They wont be cheap, but who knows wait global crisis come again.

the last crisis showed me how i've underestimated the savings of singaporeans. and now we have more millionaires in singapore.

wklibran

25-06-10, 09:02

the last crisis showed me how i've underestimated the savings of singaporeans. and now we have more millionaires in singapore.

i fully agree with your comments... recession or not, housing market in singapore will prevail.... there are just too many rich people locally and overseas....;)

proud owner

25-06-10, 09:08

the last crisis showed me how i've underestimated the savings of singaporeans. and now we have more millionaires in singapore.

it also showed me that the majority of singaporeans have no foresight ..
but followers ..

when properties were dirt cheap in 2005-6 where were they hiding ?

only when the experienced local investors started buying , further fuelled by foreign buyers ....then they jumped in ..

with their savings ...they could have bought alot alot more and alot alot cheaper ...

having said that ... i am happy we have them .. to help push up our portfolio

kane

25-06-10, 09:53

august

25-06-10, 11:10

it also showed me that the majority of singaporeans have no foresight ..
but followers ..

when properties were dirt cheap in 2005-6 where were they hiding ?

only when the experienced local investors started buying , further fuelled by foreign buyers ....then they jumped in ..

with their savings ...they could have bought alot alot more and alot alot cheaper ...

having said that ... i am happy we have them .. to help push up our portfolio

i suspect a lot of wealth was generated during the 2007 run up and the many enblocs ~

devilplate

25-06-10, 11:19

it also showed me that the majority of singaporeans have no foresight ..
but followers ..

when properties were dirt cheap in 2005-6 where were they hiding ?

only when the experienced local investors started buying , further fuelled by foreign buyers ....then they jumped in ..

with their savings ...they could have bought alot alot more and alot alot cheaper ...

having said that ... i am happy we have them .. to help push up our portfolio

err..u also fighting with me over cheap deals during 05-06 period? i started early 06 though...03-04 largi better...just snap up all u have for ICON and now just shake leg at hm...too bad, i was still studying my silly and useless degree:D

devilplate

25-06-10, 11:23

We're not as enterprising la. But if you have too many smart buyers, then this market will have less inefficiencies to exploit.

Proud owner, like your thoughts on resale, if a 5 year old resale sells at 30% below a new launch in it's vicinity. Is there value? It seems no one loves resale in Singapore.

if after 50-100k massive reno and still 30% below average new launches prices...y not...go for it

many using resale prices to compare with the highest psf launched at new projects which is inaccurate...use similar sizes and average prices and factor in 50k at least for reno:D

bargain hunter

25-06-10, 11:28

aiyah, 2006 u buy is best liao. no need holding opportunity cost and participate in 2007 run up immediately.

agree with august, 2007 all the right ingredients were there, apart from ppty, stock and economy also at its biggest boom.

err..u also fighting with me over cheap deals during 05-06 period? i started early 06 though...03-04 largi better...just snap up all u have for ICON and now just shake leg at hm...too bad, i was still studying my silly and useless degree:D

Wild Falcon

25-06-10, 14:02

Property frying and showflat/resale viewing wasn't a pastime back in 03-04 :cool: Now, it's like everyone's #1 pastime. Everythime some gathering sure got someone bring up their property gains to hao lian. So all the green eye monster join the fun - now everyone wans to be an investor. sigh!

it also showed me that the majority of singaporeans have no foresight ..
but followers ..

when properties were dirt cheap in 2005-6 where were they hiding ?

only when the experienced local investors started buying , further fuelled by foreign buyers ....then they jumped in ..

with their savings ...they could have bought alot alot more and alot alot cheaper ...

having said that ... i am happy we have them .. to help push up our portfolio

proud owner

25-06-10, 14:09

devilplate

25-06-10, 14:22

Property frying and showflat/resale viewing wasn't a pastime back in 03-04 :cool: Now, it's like everyone's #1 pastime. Everythime some gathering sure got someone bring up their property gains to hao lian. So all the green eye monster join the fun - now everyone wans to be an investor. sigh!

its definitely not a past time for everyone...my circle of frens...only me treat it as a hobby. so, i always goto visit showflats alone...lol

smtimes, the agts can recognise me den i say no nid to serve me..i just come down kaypohing:D

devilplate

25-06-10, 14:23

when a topic becomes the favorite topic ... then you know i know lah .. its about time

apparently, ppty only hot in this forum

so dead in the real world...BORING!:D

i missed 2007 peak peak days...every sat got write up on ppty...goto any resale or even HDB....tons of buyers! FUN:D

kane

25-06-10, 14:44

The crowd in this forum has also disappeared lu. The post is Gehrig less frequent.

kane

25-06-10, 15:02

The crowd in this forum has also disappeared lu. The post is Gehrig less frequent.

getting less frequent I mean.

maisonjai

25-06-10, 17:05

kane

25-06-10, 21:02

03 is SARS period, everyone scare to die lor how to go showflats. haha

best time to shop for anything, no one to crowd with you. i remember taka had more staff than customers back then.

maisonjai

26-06-10, 13:30

best time to shop for anything, no one to crowd with you. i remember taka had more staff than customers back then.

haha...cough a few times & seller will give in to your counter offer price.

DKSG

28-06-10, 17:45

Just to give u some information when there may not be too much information.

Transactions at this development is near all time low of just ONE transaction done in Apr and ONE in May. Now is end of June, not sure how many done in June ?

Low volume usually precedes price correction, but I maybe wrong.

Just my observations (the hypothesis that low vol precedes xxxx), and hard facts (the volume part).

DKSG

mcmlxxvi

28-06-10, 17:49

mcmlxxvi

28-06-10, 17:50

when a topic becomes the favorite topic ... then you know i know lah .. its about time

no, when it becomes favorite topic, usually its too late to hop on the van.

devilplate

28-06-10, 18:23

usually the case for any other projects under BUC

immed after project sold out and 6mths b4 TOP will see more transactions...if not, simply dead....

proud owner

28-06-10, 22:51

usually the case for any other projects under BUC

immed after project sold out and 6mths b4 TOP will see more transactions...if not, simply dead....

one exception is Riverine .... TOP already ... still dead

bargain hunter

29-06-10, 01:14

alamak, becoz got someone found dead right beside it mah, soon after TOP...not counted...:)

one exception is Riverine .... TOP already ... still dead

Wild Falcon

29-06-10, 10:26

You should find other hobbies :)

its definitely not a past time for everyone...my circle of frens...only me treat it as a hobby. so, i always goto visit showflats alone...lol

smtimes, the agts can recognise me den i say no nid to serve me..i just come down kaypohing:D

mcmlxxvi

23-07-11, 13:58

ALEXIS* ALEXANDRA ROAD Apartment 1 685,000 388 Strata 1,768 Jul-11

DC33_2008

23-07-11, 14:15

When will it TOP?

azeoprop

08-12-11, 14:21

Update 8th Dec 2011. :)

mcmlxxvi

08-12-11, 15:06

omg new factory near top?

hyenergix

08-12-11, 16:02

Very likely some buildings along the stretch of car showrooms is going to be changed hands and developed into something else. Car industry is coming down in the next few years.

mi5mi6

15-04-12, 15:17

Alexis Developer Shops For Sale!
Residential-Shop
(District 03)
356 Alexandra Road Singapore 159949
Developed By EC Prime Pte Ltd
More Info @ www.property-in-singapore.biz
Freehold – Part 5-storey / part 6-storey commercial and residential development with attic comprising of 293 residential units, 1 level of shops at 1st storey and 2 levels of basement car parks and swimming pool
Expected T.O.P. Date: 31 Dec 2012
From
UNIT MIX :
HIGH HUMAN TRAFFIC
ALEXIS commercial and residential development with comprising of 293 residential units, 1 level of shops at 1st storey and 2 levels of basement car parks and Sky swimming pool

F&B RESTAURANT/CAFE
452 SQF
990 SQF
1012 SQF
1281 SQF
1475 SQF
1744 SQF
1755 SQF
2110 SQF
2164 SQF
2390 SQF
2465 SQF
2809 SQF

RETAIL SHOP SPACE :
140 SQF
151 SQF
194 SQF

(***Info subject to changes)
FREEHOLD Retail Commercial Shops!!! Immediate Occupancy!!!

3 MINUTES WALK TO QUEENSTOWN MRT

EXCELLENT FRONTAGE, HIGH HUMAN TRAFFIC!!! PLENTY OF CAR PARK SPACE!!!

SUITS ANY TRADE. ALMOST ALL WITH GREASE TRAP PROVISION

DC33_2008

15-04-12, 15:46

My sis-in-law already cashed out on this project with quite handsome profit. Not sure about future potential.:D

dtrax

07-05-12, 18:48

My sis-in-law already cashed out on this project with quite handsome profit. Not sure about future potential.:D

TOP soon? Looks not bad:

http://www.propertyguru.com.sg/listing/9561309/for-sale-alexis

carbuncle

07-05-12, 19:05

TOP soon? Looks not bad:

http://www.propertyguru.com.sg/listing/9561309/for-sale-alexis

U mean the agent or....?

dtrax

07-05-12, 19:07

U mean the agent or....?

!!!!
The development, the agent chio meh, cant see very clearly?

dtrax

07-05-12, 19:08

Huat like no 2moro, i remember the tv got interview 1 chiobu bot muliple alexis units

ALEXIS 356 Alexandra Road #02-32 1 39 Strata 715,000 18333 1703 19-JAN-2012 Apartment Freehold Uncompleted Sub Sale HDB 03 15 159949 Central Region Queenstown

ALEXIS 356 Alexandra Road #02-32 1 39 Strata 458,000 11744 1091 10-MAR-2009 Apartment Freehold Uncompleted New Sale HDB 03 15 159949 Central Region Queenstown

carbuncle

07-05-12, 22:05

!!!!
The development, the agent chio meh, cant see very clearly?
Development not that much better than those car showroom across the street leh

Hiroaki27

10-05-12, 17:43

Looks like people are still buying

ALEXIS ALEXANDRA ROAD Apartment 1 700,000 388 Strata 1,806 Apr-12
ALEXIS ALEXANDRA ROAD Apartment 1 1,520,000 1,033 Strata 1,471 Apr-12
ALEXIS ALEXANDRA ROAD Apartment 1 700,000 398 Strata 1,758 Apr-12

DC33_2008

10-05-12, 17:49

What kind of rental for a MM ?
Looks like people are still buying

ALEXIS ALEXANDRA ROAD Apartment 1 700,000 388 Strata 1,806 Apr-12
ALEXIS ALEXANDRA ROAD Apartment 1 1,520,000 1,033 Strata 1,471 Apr-12
ALEXIS ALEXANDRA ROAD Apartment 1 700,000 398 Strata 1,758 Apr-12

dtrax

10-05-12, 17:56

It's damn wfwt.. all asking 3k n above? - http://www.propertyguru.com.sg/project-listings/alexis-1403/rent/1?maxbed=1

Imagine last time HDB folks buy 4xxk, now hold tight tightish n rent for "potential" >3k?

Hiroaki27

10-05-12, 18:04

dtrax

10-05-12, 18:12

If they can rent out.... hahaha....

why not? parc imperial beside MRT can hit 2.8k p.m. Alexis, got anchorpoint, got FnB below, got MRT, got ikea in queenstown area, got supposedly singapore's longest "residential" sky pool... why nottt? haha

dtrax

10-05-12, 18:15

lol i envy those pple hoot these units at 4xxk last time.. so much potential n i fell in love with the facade when i drove past a couple of times.. howww these days onie can get parc rosewood/ripplebay at this price n 99LH. Really regret neber hoot tat time

Hiroaki27

10-05-12, 18:54

Timing might be key difference. Parc Imperial was completed earlier before the euro crisis, while there were still rental demand. Yes, it was sub prime but govts were bailing out here and there....

Now the govts are reaching their limits liao.... EU expats stop coming to singapore some more...

Probably Alexis has good or even better potential compared to Parc Imperial, but the timing is really bad now....

carbuncle

10-05-12, 19:05

why not? parc imperial beside MRT can hit 2.8k p.m. Alexis, got anchorpoint, got FnB below, got MRT, got ikea in queenstown area, got supposedly singapore's longest "residential" sky pool... why nottt? haha

ARE YOU SERIOUS?

For the money I would rather be renting this

http://www.propertyguru.com.sg/listing/9403793/for-rent-wilkie-road

or this

http://www.propertyguru.com.sg/listing/9692207/for-rent-attitude-kim-yam

(oh, btw, at least now we have a 1.2m sky pool after the two 1.0m ones haha)

carbuncle

10-05-12, 19:08

dtrax

10-05-12, 19:15

Timing wise the downside risk is very low for Alexis considering the initial low quantum purchase price for 1st owners. Assuming firesale rental at 2k p.m,owners can still breakeven even if interest rates shoot up 3% @ 20% down-payment. Rental wise, from the rental contracts for the last few months it is been holding quite strong and there is still a uptrend

Will probably update once there is confirm rental transactions to see how much this MM can really command :)

maisonjai

10-05-12, 20:22

During alexis launch the whole market was saying price will crash further, many were waiting & watched the boat row pass.

At that time 850~1100psf, there are better buys elsewhere right?

dtrax

10-05-12, 20:36

During alexis launch the whole market was saying price will crash further, many were waiting & watched the boat row pass.

At that time 850~1100psf, there are better buys elsewhere right?

For MM it will be about quantum play already, not just pure psf.

ALEXIS 356 Alexandra Road #02-32 1 39 Strata 715,000 18333 1703 19-JAN-2012 Apartment Freehold Uncompleted Sub Sale HDB 03 15 159949 Central Region Queenstown

ALEXIS 356 Alexandra Road #02-32 1 39 Strata 458,000 11744 1091 10-MAR-2009 Apartment Freehold Uncompleted New Sale HDB 03 15 159949 Central Region Queenstown

Profit ~$248k [after deduct stamp duty]
Holding period ~3yrs
Downpayment @ 20%: 92k

Profit per annum: ~83k
ROI: ~90% p.a

hehe 90% p.a mai hiam buay pai lai for a small quantum unit. Other than caspian, one-north etc.. I cant find any investment bot at that time can command such high ROI

maisonjai

10-05-12, 20:44

10% down & IAS, those were the gd times :cheers5: It was a luxury boat. haha

dtrax

10-05-12, 21:01

10% down & IAS, those were the gd times :cheers5: It was a luxury boat. haha

just imagine hoot 1 row of alexis MM... can already retire with rentals

yjcai

10-05-12, 21:05

yup all you need is 4x alexis. 458k x 4 = 1.832 mil generating 2.5k x 4 / month.

How about 4x parc rosewood?

Hiroaki27

10-05-12, 21:09

There would be people waiting for the market to crash again for good deals then....

When would the next "Alexis" come???

dtrax

10-05-12, 21:11

There would be people waiting for the market to crash again for good deals then....

When would the next "Alexis" come???

I guess potential is ripple bay n parc rosewood, for those 400k MM units. If Alexis people are willing to pay 7xxk now, these 400k MM should still have another 100k upside upon TOP but then again only time will tell becoz for most MM comparision in different district, I then to compare MMs that have MRT within walking distance

carbuncle

10-05-12, 21:26

I guess potential is ripple bay n parc rosewood, for those 400k MM units. If Alexis people are willing to pay 7xxk now, these 400k MM should still have another 100k upside upon TOP but then again only time will tell becoz for most MM comparision in different district, I then to compare MMs that have MRT within walking distance

Location already worlds apart... Prw 100k upside possible. Abv that takes miracle

dtrax

10-05-12, 21:30

Location already worlds apart... Prw 100k upside possible. Abv that takes miracle

ya i do agree so to be fair if i wanna test if a particular MM in a district is under or over value, I will have the same base criteria.. near MRT, LH/FH etc..

Hiroaki27

10-05-12, 21:31

I guess potential is ripple bay n parc rosewood, for those 400k MM units. If Alexis people are willing to pay 7xxk now, these 400k MM should still have another 100k upside upon TOP but then again only time will tell becoz for most MM comparision in different district, I then to compare MMs that have MRT within walking distance

in future probably there are so many MRT stations in singapore such that it is no longer a selling point as all condos are "within walking distance to XXX MRT"....

price

10-05-12, 21:46

Oh but for investors, I think Fission projects are very good value for money. I owned one of their projects the maintenance only $140.... damn cheap... got pool and gym and bbq and mechanical carpark somemore...
which project was that you bought?

What other projects do they have? are they the developers of Centra Suites+Studio+resi and Casa Cambio?

carbuncle

10-05-12, 22:19

which project was that you bought?

What other projects do they have? are they the developers of Centra Suites+Studio+resi and Casa Cambio?

Lalalala lalala la lala

DaytonaSS

10-05-12, 22:46

in future probably there are so many MRT stations in singapore such that it is no longer a selling point as all condos are "within walking distance to XXX MRT"....

so good luck to those who are not next to 1. For every 1 condo that i next to MRT, there are probably 10 which are not.

maisonjai

10-05-12, 23:25

just imagine hoot 1 row of alexis MM... can already retire with rentals
That time got 1 buyer dp for 5 units, later bank approve only 4 so 1 return back to developer. I don't know whether to thank the bank or him...kekeke
PS:not referring to alexis

DKSG

11-05-12, 11:56

Anyone knows what is the rental of the 389 sf units ?

DKSG

price

11-05-12, 12:58

Anyone knows what is the rental of the 389 sf units ?

DKSG
3.3k?:beats-me-man:

DKSG

11-05-12, 15:15

3.3k?:beats-me-man:

PropGuru got some asking $3.2.

So I deduce that some units can get at $2.9 ?

Just my deduction. Hopefully owners wont be offended.

carbuncle

11-05-12, 15:17

PropGuru got some asking $3.2.

So I deduce that some units can get at $2.9 ?

Just my deduction. Hopefully owners wont be offended.

Maybe they will pay premium just for that looooooooooooooooooooooong poool and imagine themselves staying MBS sky suites...

Untill they look across the street

dtrax

11-05-12, 16:03

If I am not wrong, the condo fee per mth for Alexis is $80 right? w/o carpark. So i guess even 2.8k or 3k, it doesnt really matter coz I would think alexis owners will be happily laughing to the bank regardless even 20% down or 10% with IAS. Easily over 1k in net rental even if interest rates shoots up to 3%

carbuncle

11-05-12, 16:08

fiat500

11-05-12, 16:09

in future probably there are so many MRT stations in singapore such that it is no longer a selling point as all condos are "within walking distance to XXX MRT"....
Only those with "DOOR STEP MRT" n a mall will b more sought after..
Eg: soleil, modena, compass heights etc...

TheOnlyGayInTheVillage

10-06-12, 09:10

OMG units so fraking close to one another.... Super claustrophobic.

No better than a workers dorm.

http://www.propertyguru.com.sg/listing/10032686/for-rent-alexis

http://cdn-sg2.pgimgs.com/images/thumb/1/7/3/4/1734e021568068_1_V550.jpg

http://cdn-sg2.pgimgs.com/images/thumb/7/f/8/b/7f8bc321568024_1_V550.jpg

Can play tissue paper wars. Plus the hot air from all your neighbours compressor blowing into your house.

phantom_opera

10-06-12, 09:57

Freehold next to petrol stations, opposite car showroom ... very good for car lovers mah ... ;)

Kanarazu

10-06-12, 10:03

293 units on a GFA of 92128 sq ft... That's really cramped.

Komo

10-06-12, 10:53

wonder if it is only me but seems that most freehold condo design cmi. blower and compressor facing each other's bedroom and that close means bad air circulation is very bad, almost 24hrs noise and dust. if there is a yard and dryers even worse. there will be dust balls getting into your rooms as well. no good if have kids with allergy. :doh:

Komo

10-06-12, 11:02

...but with noise, dust and smokes from foreign smokers all time round just need to close up all windows on aircon 24hrs pull down blinds problems solved:D :D

phantom_opera

10-06-12, 11:30

It is only matter of time distance between blocks of 10m becomes the norm

Jonathan0503

10-06-12, 13:42

293 units on a GFA of 92128 sq ft... That's really cramped.

They are small units so cannot count this way I think

Jonathan0503

10-06-12, 13:43

kane

10-06-12, 13:50

This is horrible? How to live in this if you're constantly under the watchful eye of our neighbours.

TheOnlyGayInTheVillage

10-06-12, 13:58

It is only matter of time distance between blocks of 10m becomes the norm

From photo looks like less than 5m.

TheOnlyGayInTheVillage

10-06-12, 13:59

This is horrible? How to live in this if you're constantly under the watchful eye of our neighbours.

Become war of who blinks first loses.

phantom_opera

10-06-12, 14:24

From photo looks like less than 5m.

Have you been to My Manhattan site? About 10m as it is about half the length of tennis court

http://manhattansimei.com/My_Mahattan_Site_Plan/files/page7-manhattan-site-plan-water.jpg

phantom_opera

10-06-12, 14:31

WOW !!! OMG, this is worse than Hong Kong

http://www.alexiscondo.com/images/m004.jpg

Looks like a Okamoto the layout of 48/49 damn funny

TheOnlyGayInTheVillage

10-06-12, 14:36

WOW !!! OMG, this is worse than Hong Kong

Good luck to all the owners who celebrated when they bought cheep cheep and looking for tenants now.

Maybe 1.5-1.8k people will still rent.

phantom_opera

10-06-12, 14:44

Hong Kong typical site plan:

http://l.yimg.com/bt/api/res/1.2/bfodrJPkkt2s.ggE7nmKdA--/YXBwaWQ9eW5ld3M7cT04NTt3PTMxMA--/http://media.zenfs.com/zh-Hant-HK/blogs/tokuhon/20120530prop1.JPG

richwang

10-06-12, 18:26

Good luck to all the owners who celebrated when they bought cheep cheep and looking for tenants now.

Maybe 1.5-1.8k people will still rent.

The rental asking price has dropped from 3.5k to 3k.
The lowest advertised on ST is 2.98K.

Let's see how things develop.

Thanks,
Richard

richwang

10-06-12, 19:14

http://www.propertyguru.com.sg/listing/10021417/for-rent-alexis

420 sqft, asking for 2.8k monthly rental.

Getting realistic now ...

Thanks,
Richard

hyenergix

10-06-12, 19:54

http://www.propertyguru.com.sg/listing/10021417/for-rent-alexis

420 sqft, asking for 2.8k monthly rental.

Getting realistic now ...

Thanks,
Richard

Assuming each unit is $500k, at 80% loan and 1.5% interest plus maintenance, the break-even cost is around $1.6k. So even if it is $2k also no sweat lah.

dtrax

10-06-12, 20:39

Assuming each unit is $500k, at 80% loan and 1.5% interest plus maintenance, the break-even cost is around $1.6k. So even if it is $2k also no sweat lah.

alexis is damn no sweat to the max even <2k, maintenance only 80 / mth.. thanks to the 2xxunits in 1 small long strip of land

richwang

10-06-12, 22:21

Well, if you use the "market price" of 700K+, the break even rental required will be

2K+ / month.

Thanks,
Richard

hyenergix

10-06-12, 22:25

Well, if you use the "market price" of 700K+, the break even rental required will be

2K+ / month.

Thanks,
Richard

Original owners bought around $500k for 1 bedder right?

rattydrama

10-06-12, 22:31

Original owners bought around $500k for 1 bedder right?
its like 4xxk, slight more ex than caspian. some buyer grap 2-3 units from memory. sold out pretty quickly.

DC33_2008

11-06-12, 08:37

What is the montyly maintenance fee for a one bedder unit?

thomastansb

11-06-12, 10:24

My investor friend bought 5 units at one go during launch. Sold off 3 when TOP. Think make at least 200k nett per unit I guess. Now trying to rent out the other 2 at 2.5k a month. So far, no takers. He keep two smallest ones (3xx sf). I haven't been to the units yet but according to him, the bedroom size is alright. Pretty much similar to other bedroom in the market now. Just that the living room is pathetic but still, at his purchase price, easily 6% yield even at 2.3k rental. For those who bought at 700k, good luck.

http://www.propertyguru.com.sg/listing/10021417/for-rent-alexis

420 sqft, asking for 2.8k monthly rental.

Getting realistic now ...

Thanks,
Richard

eng81157

11-06-12, 11:28

From photo looks like less than 5m.

lai lai, time to practice our parkfour liao.

TheOnlyGayInTheVillage

11-06-12, 11:39

lai lai, time to practice our parkfour liao.
Appalling thought! Imagine having some of Jack Sparrow calibre as neighbour... Skip right through your window when you not looking. Serial theft and burglary whole stack lol

richwang

16-06-12, 21:18

Just checked today's ST advertisements.
The highest asking has come down to S$2.8k now.

There is one joker with 24 units, only asking for S$2.xk

Let's see how long the queue can be cleared.

Thanks,
Richard

Noexit

26-07-12, 15:16

my friend just bought a penthouse the for 2 bedder at 1.38million . ---890sqf

thomastansb

26-07-12, 16:25

Rental not as good as expected. My friend rented out his 344 sq ft at 2.3k. 7.1% yield. First buyer. Prices went up almost 80% since launch. But his unit is one of the smallest so not fair to gauge.

Just checked today's ST advertisements.
The highest asking has come down to S$2.8k now.

There is one joker with 24 units, only asking for S$2.xk

Let's see how long the queue can be cleared.

Thanks,
Richard

JuzMe

28-07-12, 12:14

Those units are so small. How to stay in such a small place :doh: Can't believe people are paying such prices :doh:

thomastansb

28-07-12, 12:25

The price at launch is attractive. I mean, 450k for a 409 sq ft 1+1. Sound alright to me. Now 850k, of course is ridiculous.

Those units are so small. How to stay in such a small place :doh: Can't believe people are paying such prices :doh:

hopeful

28-07-12, 13:42

Those units are so small. How to stay in such a small place :doh: Can't believe people are paying such prices :doh:

it is JuzYou that think like dat.

phantom_opera

17-08-12, 14:53

ALEXIS ALEXANDRA ROAD Apartment 1 740,000 409 Strata 1,809 Jul-12
ALEXIS ALEXANDRA ROAD Apartment 1 775,000 398 Strata 1,946psf Jul-12

:money-faced1: :money-faced1: :not-worthy:

mygeemeel

17-08-12, 15:29

I remember there was a young lady whose parents bought her four units during launch.

bargain hunter

17-08-12, 16:13

sold 1809 one bought at launch for 1100psf.

sold 1946psf one bought in 2010 at 1381psf.

ALEXIS ALEXANDRA ROAD Apartment 1 740,000 409 Strata 1,809 Jul-12
ALEXIS ALEXANDRA ROAD Apartment 1 775,000 398 Strata 1,946psf Jul-12

:money-faced1: :money-faced1: :not-worthy:

phantom_opera

17-08-12, 16:27

sold 1809 one bought at launch for 1100psf.

sold 1946psf one bought in 2010 at 1381psf.

yes, annualized 15% profit ... low floors some more

2012-07-27 #03-XX 409 1,809 2009-03-05 1,100psf 289,981 1,240 15.8
2012-07-13 #05-XX 398 1,946 2010-03-25 1,381psf 224,870 841d 16%

DC33_2008

18-08-12, 17:38

How high can it go?

dtrax

18-08-12, 22:04

How high can it go?

should be damn high... considering shop units r high like the sky

carbuncle

18-08-12, 22:53

a real joke if surge past 2000psf

Gordon Yuen

21-08-12, 00:15

a real joke if surge past 2000psf
Let's look forward for the real joke to come.

DC33_2008

21-08-12, 10:13

My sis-in-law sold her unit early this year. :banghead:
a real joke if surge past 2000psf

propertychap

21-08-12, 17:36

why bang head?

DC33_2008

21-08-12, 17:47

Price gone higher after she sold it and left the money in the bank with low interest rate.
why bang head?

phantom_opera

21-08-12, 18:04

Price gone higher after she sold it and left the money in the bank with low interest rate.

she will soon buy another MM

DC33_2008

21-08-12, 18:06

A few of her friends off load their properties just like Mr B except for the one over the roof.
she will soon buy another MM

azeoprop

21-08-12, 18:28

This means there are many many cash rich prople out there waiting for the price to drop. If that is the case the price will increase haa haa.... :rolleyes:

Price will only drop when nobody dares to buy property :rolleyes:

phantom_opera

10-09-12, 17:52

lol just by looking the face of agents

http://cdn-sg2.pgimgs.com/images/thumb/6/9/4/5/6945d925211307_1_V550.jpg

http://cdn-sg2.pgimgs.com/images/thumb/e/2/4/1/e2415c25211321_1_V550.jpg

http://cdn-sg2.pgimgs.com/images/thumb/4/b/3/2/4b32f525356875_1_V550.jpg

hmm.. aircon view ?!

http://cdn-sg2.pgimgs.com/images/thumb/8/1/7/d/817d7025355836_1_V550.jpg

what is this?

http://cdn-sg2.pgimgs.com/images/thumb/c/6/0/3/c6032e25349639_1_V550.jpg

drink kopi looking at car showroom?
http://cdn-sg2.pgimgs.com/images/thumb/3/9/c/0/39c0d925344941_1_V550.jpg

carbuncle

10-09-12, 18:08

Those are the Jacuzzi in the 'spa pods'. They use potted plants on the ground floor??? So cheap skate. No wonder maintenance only 80 bucks.

phantom_opera

30-10-12, 14:21

ALEXIS ALEXANDRA ROAD Apartment 1 830,000 420 Strata 1,977psf Oct-12

:jaw-dropping:

azeoprop

30-10-12, 14:32

Unbelievable... over 800k for a 420sqft unit. :scared-1:

leesg123

30-10-12, 16:26

ALEXIS ALEXANDRA ROAD Apartment 1 830,000 420 Strata 1,977psf Oct-12

:jaw-dropping: ALEXIS ALEXANDRA ROAD 03 Non-landed Properties na* 3,485 400 to 500 Sep-12

Even at 830k, is 5% gross yield! Not Bad!

cavaliver

30-10-12, 18:47

leesg123

30-10-12, 20:43

[QUOTE=leesg123]ALEXIS ALEXANDRA ROAD 03 Non-landed Properties na* 3,485 400 to 500 Sep-12

Even at 830k, is 5% gross yield! Not Bad![

The rental is very good because there are a lot of young expats who are not on relocation packages.:)
What does it mean? Pai seh i newbie.

Meaning they fork out from their own pocket? If so, dont feel pain? They could have gotten a bigger unit at that rent at rcr.

leesg123

30-10-12, 20:52

Interesting when we look back at past comments:
http://www.h88.com.sg/article/All+gone!+The+Alexis@Alexandra!/

The strong demand and the location are perhaps why the Alexis@Alexandra's units are going for about $850 - $1,000 per square foot, which is we think is high considering this gloomy economic climate. If you look at nearby condos, units at The Anchorage are going for about $848 - $929 per square foot in the 4th quarter 2008.

thomastansb

30-10-12, 21:04

And some Orchard condos resale was at 1,500 psf during that time. Tg Pagar Clift was at 1,200 psf. Sail 1,300 psf. So 1k psf at that place is considered as high.

Interesting when we look back at past comments:
http://www.h88.com.sg/article/All+gone!+The+Alexis@Alexandra!/

The strong demand and the location are perhaps why the Alexis@Alexandra's units are going for about $850 - $1,000 per square foot, which is we think is high considering this gloomy economic climate. If you look at nearby condos, units at The Anchorage are going for about $848 - $929 per square foot in the 4th quarter 2008.

cavaliver

31-10-12, 07:42

[QUOTE=cavaliver]
What does it mean? Pai seh i newbie.

Meaning they fork out from their own pocket? If so, dont feel pain? They could have gotten a bigger unit at that rent at rcr.

I guess it is brand new & within walking distance to Queenstown MRT.
I understand that a lot of people complained that it is too small, but I know of tenants from New York, Hong Kong & Tokyo who finds the space acceptable. A man's meat is another man's poison. As long as the tenant is happy, it is a win-win situation for everyone. :cheers4:

azeoprop

24-11-12, 13:12

Passed by just now, most of the shops on the ground floor are empty... I wonder what will be the potential of the commercial spaces in the new hotel development further down the road?

:beats-me-man:

http://farm9.staticflickr.com/8198/8213335452_bd45e72e8e_b.jpg (http://www.flickr.com/photos/83477613@N08/8213335452/)
CAM00385[1] (http://www.flickr.com/photos/83477613@N08/8213335452/) by AzeoP (http://www.flickr.com/people/83477613@N08/), on Flickr

carbuncle

24-11-12, 13:58

diff target segments. hotel guests vs car showflat patrons. lol

Santro

12-12-12, 12:37

Does anyone own a unit here. Is the facilities ok. How much is the monthly maintenance for studio units.

Santro

13-12-12, 09:52

Was told that the monthly maintenance for studio units here is below $100 per month. Very hard to believe. Is this true :confused: .

Noexit

13-12-12, 09:58

Wow that quiet cheap. But that also does not include the parking lot right? :scared-4:

Was told that the monthly maintenance for studio units here is below $100 per month. Very hard to believe. Is this true :confused: .

Santro

13-12-12, 10:11

Not sure. hope someone who owns a unit here can comment :D

phantom_opera

31-12-12, 13:10

ALEXIS ALEXANDRA ROAD 03 Non-landed Properties na* 3,600 900 to 1000 Nov-12
ALEXIS ALEXANDRA ROAD 03 Non-landed Properties na* 3,000 300 to 400 Nov-12
ALEXIS ALEXANDRA ROAD 03 Non-landed Properties na* 3,500 500 to 600 Nov-12
ALEXIS ALEXANDRA ROAD 03 Non-landed Properties na* 3,550 600 to 700 Nov-12
ALEXIS ALEXANDRA ROAD 03 Non-landed Properties na* 3,500 400 to 500 Nov-12

3k rental min

hovivi

31-12-12, 13:20

Wow that quiet cheap. But that also does not include the parking lot right? :scared-4:

Heard parking lot extra $80/mth

ecimbew

04-01-13, 12:30

http://www.propertylaunch.sg/Singapore-Property-New-Launch/[email protected]

Yes the old safra site next to Ikea is going to be developed into a hotel + shopping mall. But y hotel? There's demand?

Allthepies

04-01-13, 12:35

http://www.propertylaunch.sg/Singapore-Property-New-Launch/[email protected]

Yes the old safra site next to Ikea is going to be developed into a hotel + shopping mall. But y hotel? There's demand?

look at genting hotel bid at JLD and you will have the answer!

mcmlxxvi

16-01-13, 11:23

Reico Wong
My Paper
Wednesday, Jan 16, 2013
CONDOMINIUM developers in Singapore have been in the spotlight lately.
They've been trying to outshine their competitors by launching offerings with more posh and exotic facilities, attracting buyers to their developments like bees to honey.
But, while unique facilities certainly add the wow factor to projects, buyers often forget that this means they would have to fork out higher-than-usual maintenance fees each month - even if they don't utilise them.
Each unit in most mass-market private condominiums is charged around $200 to $350 each month for maintenance. For luxury-end condominiums, such fees can even go above $1,000.
Property analysts said that maintenance fees for condominiums have been increasing over the last few years and the trend is expected to continue. This is not only due to facilities of better quality, but also due to additional material and manpower costs.
However, My Paper found that one newly-built condominiums is bucking this trend.
Maintenance fees at the Alexis in Alexandra Road, which comes with many facilities, are as low as $59 each month, excluding carpark fees - quite possibly the lowest for a private residential development here.
Developer EC Prime said that seasonal parking, at an additional $85 per parking space, is optional, as the development is a stone's throw away from Queenstown MRT station.
At such a low rate, this private condominium's maintenance fees is highly competitive, even compared to what HDB dwellers pay.
Analysts estimate that those living in a relatively-new four-room HDB flat, for example, pay between $50 and $55 per month in conservancy charges, not including carpark charges.
A freehold development with 293 units, the Alexis was launched in February 2009 and gained its temporary-occupation permit (TOP) around the middle of last year.
Common facilities there, while by no means exotic, are pretty decent. They include a gymnasium, a steam room, barbecue areas, heated spa pods, a hydro-jet pool, a sky deck and a 75m-long sky pool.

Most of the units in the development are shoebox apartments. According to EC Prime, the lowest maintenance fees of $58.75 at the Alexis is for a one-bedroom unit of about 452 sq ft.
Its highest maintenance fees of $82.25, meanwhile, is for its penthouses, with a size of about 1,195 sq ft.
These rates are guaranteed for at least the first year of the development's TOP, after which the residents' appointed management committee will decide on whether the rates should be changed.
Even then, EC Prime director Melvin Poh said that he does not expect the maintenance rates of the development to go up drastically.
"Typically, we have been very accurate with the projection of the maintenance fees for our projects," he said.
"We're able to charge such rates as there is a large number of units to share the maintenance cost, and the grounds of the development are not large and thus require little maintenance. Also...most of the maintenance works are done in-house."
Analysts My Paper spoke to were surprised at how low the maintenance rates at the Alexis are, even after taking into account that they are guaranteed only in the first year.
Mr Alan Cheong, senior director of research at Savills in Singapore, observed that if an average of $75 maintenance fees per unit per month is assumed, the monthly collection works out to only $21,975.
But he said that given that the development is brand new with a small, compact compound, this is not impossible, if budgeting was done "water tight".
Mechanical and electrical equipment in the development are unlikely to break down, given their newness, while defective fittings will still be under a liability period, he observed.
Additionally, residents access their units via secured cards, which means less security personnel than that at regular condominiums is required.
"What this has shown is that developers of standard condominiums may want to consider an alternative marketing concept," said Mr Cheong.
"It is in vogue to offer unique facilities for new launches, but would it also be possible to offer 'smart' minimalist features and sell (such developments) well?"
Other analysts, however, were more sceptical about the low maintenance rates.
Mr Lee Sze Teck, senior manger of research and consultancy at Dennis Wee Group, said: "The key pitfall is that owners will have to cough up a...lump sum when it is time to carry out re-painting and replacement works, as there is little contribution to the sinking fund.
"For those who buy the units just for investment and cash out in time, they will not be affected. But buyers who hold the units will have to be prepared to pay."