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taggy
02-01-09, 10:11
hi Everyone.

with budget of around 800k (the most i can stretch maybe is 850k), for own stay, do u think is it possible to find a 2 bedroom unit within walking distance Novena MRT? I find those condos in Moulmein Rise very appealing.

Welcome all to comment (even if u insist that with my little budget, i m dreaming)

:doh:

repanse71
02-01-09, 10:49
Hi

I have been eye-ing this area for more than a year. Despite price drops, I still can't find anything within my budget(900psf, ~$1m) and sensible design/floorspace and free-hold.

Many new development have IMHO non-liveable, poorly design....
I can't even put std fridge, std WM.... in some units...

Those with better designs way way beyond 1k psf. Asked many times by many people to "tan ku ku", but I am still hopeful. Afterall, been waiting a year, can wait longer.

BTW, went to see Newton Edge. Selling like hotcakes..almost sold out I heard... IMHO, not suitable for own stay.

Regards

isaaclim
02-01-09, 12:04
hi Everyone.

with budget of around 800k (the most i can stretch maybe is 850k), for own stay, do u think is it possible to find a 2 bedroom unit within walking distance Novena MRT? I find those condos in Moulmein Rise very appealing.

Welcome all to comment (even if u insist that with my little budget, i m dreaming)

:doh:

I think it defend on how far is your walking limit + the age of the condo?

repanse71
02-01-09, 13:37
I think it defend on how far is your walking limit + the age of the condo?

I guess definition of "close by MRT" means walk normally within 10-15 mins limit without breaking a sweat. So, Thomson Euro, Park Infinia, Lincoln... would qualify. Condo like vutton is really pushing the limit - uphill, downhill, thru' hospital corridors....

Even consider older ones like birmingham mansions.... but can't do. In 2 years' time when economy recovers, en-bloc nightmare....

regards

ahlahdin
02-01-09, 14:21
Hi

I have been eye-ing this area for more than a year. Despite price drops, I still can't find anything within my budget(900psf, ~$1m) and sensible design/floorspace and free-hold.

Many new development have IMHO non-liveable, poorly design....
I can't even put std fridge, std WM.... in some units...

Those with better designs way way beyond 1k psf. Asked many times by many people to "tan ku ku", but I am still hopeful. Afterall, been waiting a year, can wait longer.

BTW, went to see Newton Edge. Selling like hotcakes..almost sold out I heard... IMHO, not suitable for own stay.

Regards

Newton Edge only got 1 and 2 bedroom. For investment only! For own stay must choose something like Park Infinia.

ahlahdin
02-01-09, 14:23
I guess definition of "close by MRT" means walk normally within 10-15 mins limit without breaking a sweat. So, Thomson Euro, Park Infinia, Lincoln... would qualify. Condo like vutton is really pushing the limit - uphill, downhill, thru' hospital corridors....

Even consider older ones like birmingham mansions.... but can't do. In 2 years' time when economy recovers, en-bloc nightmare....

regards

I think the Birmingham Mansions is attractive if lower priced. Location is quite good. Even if no enbloc, renovate it to your own specifications also good. Can enjoy staying there long time.

repanse71
02-01-09, 14:35
I think the Birmingham Mansions is attractive if lower priced. Location is quite good. Even if no enbloc, renovate it to your own specifications also good. Can enjoy staying there long time.

Yes, it's a good place I hope to buy and stay long long, if no en-bloc risk.

regards

taggy
02-01-09, 16:18
Birmingham Mansions ... added this to my shortlist... but this one no 2bedroom unit... and also no unit for sale in propertyguru.... maybe every owner waiting for enbloc :D

so now can only wait wait wait wait wait.... see if really 2009 the price can come down....

by then maybe really can buy Moulmein Rise :o

I also went to see Newton Edge... was quite tempted to buy the 700sqft unit....

repanse71
02-01-09, 17:23
Birmingham Mansions ... added this to my shortlist... but this one no 2bedroom unit... and also no unit for sale in propertyguru.... maybe every owner waiting for enbloc :D

so now can only wait wait wait wait wait.... see if really 2009 the price can come down....

by then maybe really can buy Moulmein Rise :o

I also went to see Newton Edge... was quite tempted to buy the 700sqft unit....

The prices vary greatly among the 4 quarters by the x-junction - thomson road and newton. Most expensive is the quarter(1) where revenue house is, followed by (2)goldhill/UE, then (3)thomson-euro-birmingham and lastly (4)novena square.

Base on budget, I only lookout for (2) and (3). (4) is too near hospitals/hospice for own stay. (4) is for investment to rent out to doctors?????

Good luck to both of us.

regards

Petmail
04-01-09, 05:00
Birmingham Mansions ... added this to my shortlist... but this one no 2bedroom unit... and also no unit for sale in propertyguru.... maybe every owner waiting for enbloc :D

so now can only wait wait wait wait wait.... see if really 2009 the price can come down....

by then maybe really can buy Moulmein Rise :o

I also went to see Newton Edge... was quite tempted to buy the 700sqft unit....


So why didn't you buy? Waiting for me to serve you then you buy? lolz...

:p
Pet

taggy
04-01-09, 07:49
reason is bec 700 sqft may be a bit too small....
and the price was around 1200psf, waiting for price to fall further.

CondoSearch
04-01-09, 12:39
hi taggy, "be patient".. perhaps you may want to have a view at this blog.. http://smartpropertybuyer.blogspot.com/2008/05/mixed-market-signals-property-buyers.html#comment-form

taggy
04-01-09, 16:48
hi taggy, "be patient".. perhaps you may want to have a view at this blog.. http://smartpropertybuyer.blogspot.com/2008/05/mixed-market-signals-property-buyers.html#comment-form
hi CondoSearch, thanks for the blog link... it is really informative...

CondoSearch
04-01-09, 19:41
i also have an interest in gettng one around Novena or balestier area...but the price still very steep at the moment...

so will wait though not sure when and will the price this area come down...hope not tun ku ku haha :)..

dtrax
04-01-09, 20:16
reason is bec 700 sqft may be a bit too small....
and the price was around 1200psf, waiting for price to fall further.

Would be interested if the 753sq ft can get for $1100 psf

repanse71
04-01-09, 20:58
Would be interested if the 753sq ft can get for $1100 psf

Price was ~1k psf during preview launch. Upon good response price went up, up,up...

Prices for some condo launch still maintains, but with some reno vouchers. Woodsville 28???

Off threat. Anyone following those ANAL-ysts' reports published in ST/BT...
During good times, they project higher higher... During recession, they project greater gloom and doom... No accountability whatsoever... Really TCSS.
I heard they are paid handsomely as well.

dtrax
04-01-09, 20:59
Price was ~1k psf during preview launch. Upon good response price went up, up,up...

Prices for some condo launch still maintains, but with some reno vouchers. Woodsville 28???

Off threat. Anyone following those ANAL-ysts' reports published in ST/BT...
During good times, they project higher higher... During recession, they project greater gloom and doom... No accountability whatsoever... Really TCSS.
I heard they are paid handsomely as well.

LOL was referring to newton edge

Petmail
05-01-09, 04:33
LOL was referring to newton edge


Hi there, When was it you went to Newton Edge? Which unit of the 753saft were you considering then? Currently only 3units available for the 753sqft.

Also to comment on the reply you guys have mentioned earlier in the thread... Just like to share my personal thoughts and feelings about human greeds and mindset.

Its always that little greed that we have that when we ought to be taking profits ended up having lesser or even incurring loses cos of greed and also due to our human nature of greed that we thought of having a little more savings that we often ended up paying more... In fact most of us are guilty of such acts including myself. :ashamed1:

if we do analyse TOPed projects & projects under construction carefully, the price indication are of a different level. TOPed project price level are motivated or demotivated by the market sentiments depending on individual owner's confidence in the particular moment while projects underconstruction are often priced in such a way that it is actually selling as a future price buying at current time. TOPed project have units available are defintely affected positive or negative basing of market changes while projects underconstruction do not have units available and will only very much affected by the market changes when the units are physically available to be affected if so we decided to call it.

Take an example for projects underconstruction like Newton Edge. If current price @ $1100-$1300psf (AVG $1200psf) and will only TOP by 2nd qtr 2011 then in that case whatever happens in the market within the next two and a half year should relatively have no connections to the units as long as the loan was secured in the first place unless it so called sold with Deferred Payment Scheme. And relatively cos its bought @ future price means its being priced in consideration of the next two years of inflation rate. and if the market does take two and a half years to recover and by then Newton Edge TOP. What should be the rightful fair market value of Newton Edge? Market Competitiveness against neighbouring projects with similar types/sizes/tenure etc should also come in place. say being conservative about the pricing by then and we do a estimation to the market basing on the current so called bad market sentiment against projects like Park Infinia for example. The latest average transaction of Park Infinia since launch till today takes an avg pricing of 1400psf conservatively. And now we assume that the fair market value of Newton Edge be of the current avg price of Park Inifinia which is located in D11. on thaty basis there should be already an avg capital appreciation of $200psf. Even by being conservative by taking price indication of D9 using the guage of D11 with the consideration of market diorecovery in place yet pricing before market recovery; we clearly can see that we are looking at a property which have definite upside potential. Despite the fact of a price increment of 2% by developer, we are still able to enjoy a pretty good profit outt it. On that basis, do you think both the developer who did priced it at such unreasonable off-market price as well as the person who does recommended us the property be commented???

Just my two cents worth with open-mind and positive thoughts on your earlier current discussion pertaining to price drops in Newton endge. I knew for sure there will be never similiar project asking any better then what Newton Edge is currently offering to us right this moment.

:)
Pet

dtrax
05-01-09, 09:43
Oh which ones are left? The last time I went there balance only left 3rd, 5th and the high floors and prices still around 11XX, I was looking for a buy at $1100psf at the time lol. Yes the prices are pretty attractive, location wise not bad but not the best. But looking ahead, prices for the property sector has still not taken a big hit and unless the prices are priced at a super attractive I would rather wait to get a more variety of choices at bargain prices a few Quarters down the road.

repanse71
05-01-09, 13:30
Oh which ones are left? The last time I went there balance only left 3rd, 5th and the high floors and prices still around 11XX, I was looking for a buy at $1100psf at the time lol. Yes the prices are pretty attractive, location wise not bad but not the best. But looking ahead, prices for the property sector has still not taken a big hit and unless the prices are priced at a super attractive I would rather wait to get a more variety of choices at bargain prices a few Quarters down the road.

Warren Buffett's "buy when they's fear" holds true in this market.
Many of my friends stash 2 years' worth of CPF installment for their purchase. I believe in 2 years' time, profits will be there. Esp for projects like Beacon Hieghts with OCBC tie-up, requiring cash/CPF 10% each, no installment till TOP. Any such tie-up for Newton Edge??? Or other property in the vacinity?

Regards

dtrax
05-01-09, 13:36
Warren Buffett's "buy when they's fear" holds true in this market.
Many of my friends stash 2 years' worth of CPF installment for their purchase. I believe in 2 years' time, profits will be there. Esp for projects like Beacon Hieghts with OCBC tie-up, requiring cash/CPF 10% each, no installment till TOP. Any such tie-up for Newton Edge??? Or other property in the vacinity?

Regards

Same but its 20% + %3 stamp duty upfront and no installment and payment till TOP

Douk
05-01-09, 13:49
Warren Buffett's "buy when they's fear" holds true in this market.
Many of my friends stash 2 years' worth of CPF installment for their purchase. I believe in 2 years' time, profits will be there. Esp for projects like Beacon Hieghts with OCBC tie-up, requiring cash/CPF 10% each, no installment till TOP. Any such tie-up for Newton Edge??? Or other property in the vacinity?

Regards

The sentence "Warren Buffett's "buy when they's fear" holds true in this market." is true but not at the current market. Look around, there are still many people holding cash waiting to buy, so in term of fear factor, it is not there yet and not the time to buy yet...

Petmail
06-01-09, 00:26
Oh which ones are left? The last time I went there balance only left 3rd, 5th and the high floors and prices still around 11XX, I was looking for a buy at $1100psf at the time lol. Yes the prices are pretty attractive, location wise not bad but not the best. But looking ahead, prices for the property sector has still not taken a big hit and unless the prices are priced at a super attractive I would rather wait to get a more variety of choices at bargain prices a few Quarters down the road.


Brought a friend/client down couple of days ago where he is looking to buy either #11-03 or #13-03, besides that only left with #14-03. I personally am pretty confident that the price will not be down any further for Newton Edge since they were priced to sell. By the way, the price already went up by 2% from the VIP price. Only those projects that were or are price much higher may drop if the developers still have rooms for further discount.

if you wish to know what's the latest units available and price, please do not hesitate to drop me a line @ 82818888.

:)
Pet

Petmail
06-01-09, 00:29
you should have taken the 2+S 915sqft instead. one of the best layout I have seen, it was launched at 1090psf. now already increased 2%.

Petmail
06-01-09, 00:38
Warren Buffett's "buy when they's fear" holds true in this market.
Many of my friends stash 2 years' worth of CPF installment for their purchase. I believe in 2 years' time, profits will be there. Esp for projects like Beacon Hieghts with OCBC tie-up, requiring cash/CPF 10% each, no installment till TOP. Any such tie-up for Newton Edge??? Or other property in the vacinity?

Regards

Yes repanse71, there is a special payment scheme tie up with UOB. 5% cash booking plus 15% cash/cpf or both. 80% finance with interest absorbed by developer while instalment will only starts upon TOP. Most of our projects or Huttons logo you can almost be sure that scheme are available except maybe for one of our project OLA in D15 which is under Normal Progressive Payment scheme only.

Any further clarification about this project or any of our projects can feel free to drop me a line anytime, anywhere @ 82818888.

:)
Pet

dtrax
06-01-09, 00:38
Brought a friend/client down couple of days ago where he is looking to buy either #11-03 or #13-03, besides that only left with #14-03. I personally am pretty confident that the price will not be down any further for Newton Edge since they were priced to sell. By the way, the price already went up by 2% from the VIP price. Only those projects that were or are price much higher may drop if the developers still have rooms for further discount.

if you wish to know what's the latest units available and price, please do not hesitate to drop me a line @ 82818888.

:)
Pet

Yes 3,5,11-14 were the balance. I do agree with what you say about the price dropping unless the balance units have no takers after many months. If you think 1100 psf is achievable do let me know :)

dtrax
06-01-09, 00:40
you should have taken the 2+S 915sqft instead. one of the best layout I have seen, it was launched at 1090psf. now already increased 2%.

I would have no issues getting back the 30% since I made a counter-offer for a unit which the developer rejected. The 2+1 left with the lowest floor one i suppose

Petmail
06-01-09, 00:44
I would have no issues getting back the 30% since I made a counter-offer for a unit which the developer rejected. The 2+1 left with the lowest floor one i suppose

Yes... 2+S only #03-02. which unit did you made offer and how much did you offer that was rejected?

orange
06-01-09, 01:59
Newton Edge 2 bedroom at $1100 to $1300 psf?

You can get Newton Suites 2 bedroom for slightly above that price if you bargain hard enough. If you do not mind being blocked by the skyscraper that is going to be on the Lincoln Lodge site. But seeing as how Liang Beng now decided to rent Lincoln Lodge out instead of tearing down and rebuilding a skyscraper, your 2 bedroom unblocked view could possibly still be there in a few years time.

The 3 bedrooms though are of a different pricing scale because of the unblocked view of Bukit Timah landed property. Price? Don't ask. :mad:

Personally think Newton Suites is a better condo overall and location is better too with regards to MRT, Cold Storage and offices. If you go to Skyscrapercity, you will see that the forummers there love Newton Suites and they are all the trendy and well educated kind of people.

Petmail
06-01-09, 02:24
You will also have to compare the price against the size to be exactly accurate. I agrees that the profiles of the owner in the projects are relatively important too but looking at Newton Edge, the owners are mainly Businessman, Bankers as well as Doctors. It does gives you some time to reconsider if Newton Edge is not a better buy than Newton Suites since Newton Edge is within D9 compared to Newton Suites in D11 and that area is always being associate as novena instead of Newton by itself, MRT station being Newton MRT and we knows for sure if it Newton MRT also means it will be part of orchard as well. transport access to town & orchard are within minutes. Competition is another factor to consider since we are comparing a low density area against a really high density area like novena.

Anyhow, these are just some of my personal opinions though.

:)
Pet

HP65
06-01-09, 08:49
You will also have to compare the price against the size to be exactly accurate. I agrees that the profiles of the owner in the projects are relatively important too but looking at Newton Edge, the owners are mainly Businessman, Bankers as well as Doctors. It does gives you some time to reconsider if Newton Edge is not a better buy than Newton Suites since Newton Edge is within D9 compared to Newton Suites in D11 and that area is always being associate as novena instead of Newton by itself, MRT station being Newton MRT and we knows for sure if it Newton MRT also means it will be part of orchard as well. transport access to town & orchard are within minutes. Competition is another factor to consider since we are comparing a low density area against a really high density area like novena.

Anyhow, these are just some of my personal opinions though.

:)
Pet

Personally, I think NS is significantly better located than NE as NE requires driving through single lane roads (for drivers) and walking through some dark, poorly-lit roads. Trying to go to that area around NE at night and you will know what I mean. Plus some of those old duplex houses are rented out to students from China and other foreign workers so the profile of residents may not necessary be your businessman, doctors etc.

On the other hand NS is located near the main road and shorter walking distance to Novena MRT.

As for whether D9 or D11 is more desirable, I leave it to the buyers to decide coz I personally feel that some of the so-called D9 projects like Parc Emily and NE seems more like a D8 area. So I will gladly take a D11 project over these `D9' projects, but this just my own opinion.

And the last factor I consider NS being superior to NE, its landscaping by WOHA. Beautiful.

HP65
06-01-09, 09:00
Hi there, When was it you went to Newton Edge? Which unit of the 753saft were you considering then? Currently only 3units available for the 753sqft.

Also to comment on the reply you guys have mentioned earlier in the thread... Just like to share my personal thoughts and feelings about human greeds and mindset.

Its always that little greed that we have that when we ought to be taking profits ended up having lesser or even incurring loses cos of greed and also due to our human nature of greed that we thought of having a little more savings that we often ended up paying more... In fact most of us are guilty of such acts including myself. :ashamed1:

if we do analyse TOPed projects & projects under construction carefully, the price indication are of a different level. TOPed project price level are motivated or demotivated by the market sentiments depending on individual owner's confidence in the particular moment while projects underconstruction are often priced in such a way that it is actually selling as a future price buying at current time. TOPed project have units available are defintely affected positive or negative basing of market changes while projects underconstruction do not have units available and will only very much affected by the market changes when the units are physically available to be affected if so we decided to call it.

Take an example for projects underconstruction like Newton Edge. If current price @ $1100-$1300psf (AVG $1200psf) and will only TOP by 2nd qtr 2011 then in that case whatever happens in the market within the next two and a half year should relatively have no connections to the units as long as the loan was secured in the first place unless it so called sold with Deferred Payment Scheme. And relatively cos its bought @ future price means its being priced in consideration of the next two years of inflation rate. and if the market does take two and a half years to recover and by then Newton Edge TOP. What should be the rightful fair market value of Newton Edge? Market Competitiveness against neighbouring projects with similar types/sizes/tenure etc should also come in place. say being conservative about the pricing by then and we do a estimation to the market basing on the current so called bad market sentiment against projects like Park Infinia for example. The latest average transaction of Park Infinia since launch till today takes an avg pricing of 1400psf conservatively. And now we assume that the fair market value of Newton Edge be of the current avg price of Park Inifinia which is located in D11. on thaty basis there should be already an avg capital appreciation of $200psf. Even by being conservative by taking price indication of D9 using the guage of D11 with the consideration of market diorecovery in place yet pricing before market recovery; we clearly can see that we are looking at a property which have definite upside potential. Despite the fact of a price increment of 2% by developer, we are still able to enjoy a pretty good profit outt it. On that basis, do you think both the developer who did priced it at such unreasonable off-market price as well as the person who does recommended us the property be commented???

Just my two cents worth with open-mind and positive thoughts on your earlier current discussion pertaining to price drops in Newton endge. I knew for sure there will be never similiar project asking any better then what Newton Edge is currently offering to us right this moment.

:)
Pet

The numbers of $1400 psf ave are mainly for the smaller developer units. If you were to buy from sub-sale, its closer to $1000-1200 psf. So I would say good luck to the 80% buyers of NE. And for others looking at NE or thought they have missed the boat for NE, fret not. There are better value and nicer projects just across the canal by more established developers. After seeing the layout of NE, I'm totally disgusted that somebody actually think this sort of holes are fit for human stay! 2-seater sofa in the living room PH? Doh? How to entertain friends? Bring them to Newton Hawker Centre?? What a joke.

In the pursuit of pure short term profits, designing smaller area units so as to make it affordable for more people to push sales, that is not a wise decision imo.

repanse71
06-01-09, 12:53
The numbers of $1400 psf ave are mainly for the smaller developer units. If you were to buy from sub-sale, its closer to $1000-1200 psf. So I would say good luck to the 80% buyers of NE. And for others looking at NE or thought they have missed the boat for NE, fret not. There are better value and nicer projects just across the canal by more established developers. After seeing the layout of NE, I'm totally disgusted that somebody actually think this sort of holes are fit for human stay! 2-seater sofa in the living room PH? Doh? How to entertain friends? Bring them to Newton Hawker Centre?? What a joke.

In the pursuit of pure short term profits, designing smaller area units so as to make it affordable for more people to push sales, that is not a wise decision imo.

Not unimaginable in the future. My friend was stationed in HK for 2 years. Rented a smallish(big by HK std for a couple) 1+1 500sf place in wanchai for S$4/mth, considered a steal, 20min walk to MTR. I believe SG slowly, but surely, moving in same directions.

@Pet.
For UOB deal, is it cash 5% only, with 15% + ~3-4% stamp duty all CPF???? For 2+S, 9xxsf @$1.1k psf, only need ~50k????

Regards

dmonddd
06-01-09, 16:50
no matter how low the prices are coming down to...banks have sharply reduced financing margin and are very selective. This means that buyer needs to come up with higher down payment. If sellers don't see this soon, they may have to hold on to vacant properties.

repanse71
06-01-09, 17:34
no matter how low the prices are coming down to...banks have sharply reduced financing margin and are very selective. This means that buyer needs to come up with higher down payment. If sellers don't see this soon, they may have to hold on to vacant properties.

Yeah man. Just a few months ago, I got myself a starting rate 0.75%+SIBOR, annual reduction of 0.1% till 0.55%+SIBOR. Now, starting rate is 0.9%.

Anyone know the difference between SOR and SIBOR ????

Regards

dmon
06-01-09, 22:54
Yeah man. Just a few months ago, I got myself a starting rate 0.75%+SIBOR, annual reduction of 0.1% till 0.55%+SIBOR. Now, starting rate is 0.9%.

Anyone know the difference between SOR and SIBOR ????

Regards


the reply by G-man would explain your query. SOR is higher
http://www.expatsingapore.com/forum/index.php?topic=39276.msg1367511

Petmail
07-01-09, 02:58
The numbers of $1400 psf ave are mainly for the smaller developer units. If you were to buy from sub-sale, its closer to $1000-1200 psf. So I would say good luck to the 80% buyers of NE. And for others looking at NE or thought they have missed the boat for NE, fret not. There are better value and nicer projects just across the canal by more established developers. After seeing the layout of NE, I'm totally disgusted that somebody actually think this sort of holes are fit for human stay! 2-seater sofa in the living room PH? Doh? How to entertain friends? Bring them to Newton Hawker Centre?? What a joke.

In the pursuit of pure short term profits, designing smaller area units so as to make it affordable for more people to push sales, that is not a wise decision imo.


if we do look at the pricing carefully, the 1400psf avg are not just smaller development but also bigger developments. if comparing the sizes between singapore and the other neighbouring competitive countries, the sizes in singapore are relatively much more spacious. on top of that, the showflat layout that you have seen is one of the smallest 1bedroom layout. if you do take the avg 2bedroom layout for comparison, you realise that most of the layout are still comparable to the hdb 3rm flat. lets not get too personal about whether it does seems fit for human to stay as by quoting there it will generally means most of the hdb 3rm owners are no longer human being in that case. even the sizes for hdb flat has also came down quite substantially over the last decade too.

:)
Pet

Petmail
07-01-09, 03:04
Not unimaginable in the future. My friend was stationed in HK for 2 years. Rented a smallish(big by HK std for a couple) 1+1 500sf place in wanchai for S$4/mth, considered a steal, 20min walk to MTR. I believe SG slowly, but surely, moving in same directions.

@Pet.
For UOB deal, is it cash 5% only, with 15% + ~3-4% stamp duty all CPF???? For 2+S, 9xxsf @$1.1k psf, only need ~50k????

Regards

hi repanse71,

yes.. 5% booking fee to be paid in cash, 15% can be by cpf/cash or both. stamp duty of 3% on purchase price minus $5400 can be by cpf or cash. thus your booking fee in cash will work out approx. $50k.

If you do need further clarification on the payment scheme or related issues like financing. please do not hesitate to drop me a line @ 82818888.

Cheers!
:)
Pet

HP65
07-01-09, 16:16
if we do look at the pricing carefully, the 1400psf avg are not just smaller development but also bigger developments. if comparing the sizes between singapore and the other neighbouring competitive countries, the sizes in singapore are relatively much more spacious. on top of that, the showflat layout that you have seen is one of the smallest 1bedroom layout. if you do take the avg 2bedroom layout for comparison, you realise that most of the layout are still comparable to the hdb 3rm flat. lets not get too personal about whether it does seems fit for human to stay as by quoting there it will generally means most of the hdb 3rm owners are no longer human being in that case. even the sizes for hdb flat has also came down quite substantially over the last decade too.

:)
Pet

Er, I don't think it's personal at all and its just facts. In fact, you have chosen a good comparison in HDB 3-Rm because at least HDB quoted floor area doesn't have as much wasted space like bay-windows AND the psf is 20% of NE.

So I think its definitely more liveable, so to speak, than NE and also without needing to pay an arm and leg to the developer who has paid very little for the small plot of land to the previous landed house owners. Thus I feel residents of HDB 3-roomers actually have a much better quality of life than living in pigeon holes of NE. Unless of coz one derives pleasure and associate quality of live with having a condo address, no matter how small the unit is.

In short, buyers of NE and and some of the recent developments, are getting short-changed due to the extreme profit orientation of developers. I for sure will never buy, stay nor rent such units. And buyers should boycott new developments like these so that developers better start designing bigger units.

And lets not compare Singapore with Hong Kong. Just becoz they choose to live in pigeon holes doesn't mean residents of Singapore has to do the same.

Petmail
07-01-09, 23:44
yes bro.. #3 & #5 is already taken... actually the 700sqft does not really gets affected by the west sun and there are chances of some orchard views as well. pretty ideal for rental. I seriously do not know why the agent attending to you did not follow up wit you on it.

:)
Pet

Petmail
08-01-09, 00:02
do you think if today hdb is to announce building a hdb flat in a similar plot of land, they will sell them cheap? what kinda of price would they sell? $600k onwards or would they launch @ 300k? should pte apt be cheaper than hdb? if so then why should we bother buying pte since the lifestyle of hdb would be a better choice to made in that case?

I would think if we would like to make any comparison, we have to look all round rather than looking at it in one angle which I personally feels that its not comprehensive enough to support your statement though. If most of us are simply waiting for opportunity from developer on fire sale and eventually sell say @ 800psf then I personally doubt so it will ever happen in D9 ever.

If you have any preference in other projects and feels that other projects is better than its all pretty fine too since one man's meat is another man's poison. there are people who have the money but will never choose to buy pte while some will never buy apt and insist landed only. people who loves a particular development will always thinks that development is better no matter what happens... In every development, there are always pros and cons to everyone. you wanna bigger units you have to pay a higher quantum while you prefers a bigger projects you have to undertake the fact that you will be facing a lot of people utilising the facilities, maintenance etc.

I also wish price for housing will drop back to the level and time where we could buy a hdb at only less than 100k for a brand new hdb flats but that could never happens anymore. cos that will only means that singapore is taking steps in going back towards the fishing village time where we used to be..

:)
Pet

CondoSearch
08-01-09, 00:22
indeed a property agent talk...anyway it only right for one to defend own rice bowl... but i getting bored though...and personally think it overpriced still...

hope those jump in are in within their own mean...

Farnie
08-01-09, 00:34
indeed a property agent talk...anyway it only right for one to defend own rice bowl... but i getting bored though...and personally think it overpriced still...

hope those jump in are in within their own mean...

They can talk all they want, end of the day, money is in our pockets. We dun buy, they can't force us to. Sooner or later, when they understand why they are not closing sales, they will realise its because they have been serving the wrong master.

Tried to explain to the agent so as to pass the message to developer, instead try to do typical sales talk. Indeed, boring.

Petmail
08-01-09, 01:04
this is not a typical agent talk.. I am giving my personal opinion as I have said. I do welcome feedbacks and constructive comments from all here though.. if you choose to get too personal then its entirely up to you.

:)
Pet

Petmail
08-01-09, 01:20
They can talk all they want, end of the day, money is in our pockets. We dun buy, they can't force us to. Sooner or later, when they understand why they are not closing sales, they will realise its because they have been serving the wrong master.

Tried to explain to the agent so as to pass the message to developer, instead try to do typical sales talk. Indeed, boring.


For your information, I am a business person and talk in business point of view. I do not serve any master cos I dun work for anyone.. Being in Real Estate is the choice I made in establishing my own career and business. When I share my views or even invited them down for any new launch, I treat them as my business partner and thus am only interested in making sure they make profits out from it in time to come. I dun take a listing from anybody and tries to market it when I think its not realistically and sensible for me to do so. if you think you like to have agents who will only know how to suck up to you like your workers/staffs then there are plenty of them available out there.. But I certainly do not.. I certainly think that you are one wise & sensible investor though since you also do not choose to invest as you would like to.

:)
Pet

Petmail
08-01-09, 01:23
indeed a property agent talk...anyway it only right for one to defend own rice bowl... but i getting bored though...and personally think it overpriced still...

hope those jump in are in within their own mean...


Am sure all the 80 over buyers are buying within their means.. I certainly do not wish to see them buying when they do not have the means to too..

:)
Pet

repanse71
08-01-09, 08:53
Er, I don't think it's personal at all and its just facts. In fact, you have chosen a good comparison in HDB 3-Rm because at least HDB quoted floor area doesn't have as much wasted space like bay-windows AND the psf is 20% of NE.

So I think its definitely more liveable, so to speak, than NE and also without needing to pay an arm and leg to the developer who has paid very little for the small plot of land to the previous landed house owners. Thus I feel residents of HDB 3-roomers actually have a much better quality of life than living in pigeon holes of NE. Unless of coz one derives pleasure and associate quality of live with having a condo address, no matter how small the unit is.

In short, buyers of NE and and some of the recent developments, are getting short-changed due to the extreme profit orientation of developers. I for sure will never buy, stay nor rent such units. And buyers should boycott new developments like these so that developers better start designing bigger units.

And lets not compare Singapore with Hong Kong. Just becoz they choose to live in pigeon holes doesn't mean residents of Singapore has to do the same.

Pigeon holes. We got no choice here. A few years back, even our dear PM LHL said it's inevitable.

My parent's first HDB 5 room was 140sqm, and next one was 13X sqm. My own is 118sqm. Similar downsizing for HDB 3 and 4 rooms as well.

The downsizing is more severe for private housing. Looking at the various brochures/showflats in T.Kurau, Newton/Novena/Balestier, Woodsville/Intero, BH/OSM, rangoon/farrer park... it's now "rabbit cage" stage, gradually progressing into pigeon holes :-p

I seriously doubt how much buyers could influence home sizes.
BTW, I tot URA has disallowed adding baywindows into area computation???

Regards

ahlahdin
08-01-09, 10:19
aiyah talk so much for what. which salesman will say his wares suck? you know I know can already lah.

smart people can see how pathetic NE units are.

as for the stupid ones who bought... well we are a zero-sum economy that is rapidly shrinking. in order to have winners we must have more losers, right?

Petmail
08-01-09, 13:08
Pigeon holes. We got no choice here. A few years back, even our dear PM LHL said it's inevitable.

My parent's first HDB 5 room was 140sqm, and next one was 13X sqm. My own is 118sqm. Similar downsizing for HDB 3 and 4 rooms as well.

The downsizing is more severe for private housing. Looking at the various brochures/showflats in T.Kurau, Newton/Novena/Balestier, Woodsville/Intero, BH/OSM, rangoon/farrer park... it's now "rabbit cage" stage, gradually progressing into pigeon holes :-p

I seriously doubt how much buyers could influence home sizes.
BTW, I tot URA has disallowed adding baywindows into area computation???

Regards


its downsizing cos of the scarce land available in singapore that we have to eventually accept it. even my own 5rm in tampines is only 124sqm.

btw, the bay window computation is not disallowed but is currently now chargeable according to ura.

Anyhow, its up to individual what they prefers to buy.. if they choose to buy a bigger size and pay a larger quantum then its their choice though there are people who prefers to have smaller units nowadays too.

:)
Pet

repanse71
08-01-09, 13:40
its downsizing cos of the scarce land available in singapore that we have to eventually accept it. even my own 5rm in tampines is only 124sqm.

btw, the bay window computation is not disallowed but is currently now chargeable according to ura.

Anyhow, its up to individual what they prefers to buy.. if they choose to buy a bigger size and pay a larger quantum then its their choice though there are people who prefers to have smaller units nowadays too.

:)
Pet

For property, this downturn is different from next downturn. Both buyer and seller are smarter.

For buyers, many work their finances such that their reserve, CPF or other means, could cover installment for long time. There will be always be stupid and greedy ones playing beyond their means.

For developers, burnt badly last round, have sizeable cash hoard to just sit tight for 2 years. Like wise, some non-the-wiser ones will be facing cahflow problems.

So, there will be some fire sales, but definitely not broad price collapse.

Enter the market with your eyes big big....

While there are many black sheeps among the prop agents, most are just trying to make a living, like you and me. Be nice.

Regards

taggy
10-01-09, 20:42
hi hi...
anyone went to see the I-RESIDENCES ? today full page ad in ST.
I went to see this and nova 88/48 today, looking at 2 rm unit.

personally i prefer IR, cos think can walk to novena mrt, measure myself ard 500m. And also Interior seems better.
The agent say can try offering 900psf to developer...

What do u guys think about these 2 developments ?
investment value ?
or wait further to see 800+++ psf? :ashamed1:

taggy
10-01-09, 21:25
hi hi...
anyone went to see the I-RESIDENCES ? today full page ad in ST.
I went to see this and nova 88/48 today, looking at 2 rm unit.

personally i prefer IR, cos think can walk to novena mrt, measure myself ard 500m. And also Interior seems better.
The agent say can try offering 900psf to developer...

What do u guys think about these 2 developments ?
investment value ?
or wait further to see 800+++ psf? :ashamed1:

forget to mention.... IR is not without short coming, the unit i m looking, the balcony is half the size of the living room!

ahlahdin
11-01-09, 02:39
forget to mention.... IR is not without short coming, the unit i m looking, the balcony is half the size of the living room!

I wonder what is the attraction of brand new condo? They are grossly overpriced. Why not look at some fairly new ones that have TOP'ed, about one or 2 years old. Owners bought cheap during launch about 4 or 5 years ago so their selling price could be lower too.

Any condo you buy, whether brand new from developer or almost new from reseller, require some degree of renovation. So to me new or not is not an issue. It is not like a car, where age and mileage affects the wear and tear parts, which is 95% of the entire car. To me, a simple new paint job, polish and varnish of floors and installation of wardrobe/cabinets will make the whole apartment look brand new.

I love project work, so to me, heaven would be an old 15 - 20 year old apartment that I can renovate and customise to my heart's content. That may not be everyone's cuppa tea so a good alternative would be an almost new apartment with minimal reno needed.

But perhaps because this is Singapore, where 'new' is coveted over 'second hand' or 'used', many may not think the same way as I do.

Petmail
11-01-09, 03:03
I wonder what is the attraction of brand new condo? They are grossly overpriced. Why not look at some fairly new ones that have TOP'ed, about one or 2 years old. Owners bought cheap during launch about 4 or 5 years ago so their selling price could be lower too.

Any condo you buy, whether brand new from developer or almost new from reseller, require some degree of renovation. So to me new or not is not an issue. It is not like a car, where age and mileage affects the wear and tear parts, which is 95% of the entire car. To me, a simple new paint job, polish and varnish of floors and installation of wardrobe/cabinets will make the whole apartment look brand new.

I love project work, so to me, heaven would be an old 15 - 20 year old apartment that I can renovate and customise to my heart's content. That may not be everyone's cuppa tea so a good alternative would be an almost new apartment with minimal reno needed.

But perhaps because this is Singapore, where 'new' is coveted over 'second hand' or 'used', many may not think the same way as I do.

in that case, you might be really keen in one of the listings i have on hand in D15 though...

:p
Pet

taggy
11-01-09, 06:35
I wonder what is the attraction of brand new condo? They are grossly overpriced. Why not look at some fairly new ones that have TOP'ed, about one or 2 years old. Owners bought cheap during launch about 4 or 5 years ago so their selling price could be lower too.

Any condo you buy, whether brand new from developer or almost new from reseller, require some degree of renovation. So to me new or not is not an issue. It is not like a car, where age and mileage affects the wear and tear parts, which is 95% of the entire car. To me, a simple new paint job, polish and varnish of floors and installation of wardrobe/cabinets will make the whole apartment look brand new.

I love project work, so to me, heaven would be an old 15 - 20 year old apartment that I can renovate and customise to my heart's content. That may not be everyone's cuppa tea so a good alternative would be an almost new apartment with minimal reno needed.

But perhaps because this is Singapore, where 'new' is coveted over 'second hand' or 'used', many may not think the same way as I do.
eh.... actually i m looking at resale as well.... but i haven't found any that is "800k to 850k, 2 bedroom, near Novena MRT" :banghead:.
I do not mind tenanted or untenanted.
Untenanted I will move in.
Tenanted even better, i collect rent for 1 to 2 years first.

CondoSearch
11-01-09, 21:56
I personally think all current launches basically a good reflection of the current economic recession, as developer probably realised they can no longer wait to fetch the price with what they used to expect...

so, it's probably a last bid from developers to grap as many customers as possible with the price(overpriced still) before they no longer can get, once majority of developers can no loger hold their launch, and before the price get into a full swing of a decline. Again this is a personal opinion!

I personally would wait for probably 800 or below for places like I-Residence...this perhaps for their design and material used...but didn't like the need of cylinder gas, and a waste of living hall for a balcany...

dmonddd
12-01-09, 09:18
I personally think all current launches basically a good reflection of the current economic recession, as developer probably realised they can no longer wait to fetch the price with what they used to expect...

so, it's probably a last bid from developers to grap as many customers as possible with the price(overpriced still) before they no longer can get, once majority of developers can no loger hold their launch, and before the price get into a full swing of a decline. Again this is a personal opinion!

I personally would wait for probably 800 or below for places like I-Residence...this perhaps for their design and material used...but didn't like the need of cylinder gas, and a waste of living hall for a balcany...

Prices are coming down....as noted from few transactions lodged with URA. But I know some of the sellers - my friends, are ahead of the "dreamy and wishful" pack. They are moving much faster on seling their invested units. Their motto is to sell asap before the market shrinks further. The banks are expected to announce their Dec financial results and is everyone concerned? Hope not. If the market declines further, the "dreamy and wishful" pack would have to rent it out at much lower rent to reduce cashflow impact.

repanse71
12-01-09, 09:35
Prices are coming down....as noted from few transactions lodged with URA. But I know some of the sellers - my friends, are ahead of the "dreamy and wishful" pack. They are moving much faster on seling their invested units. Their motto is to sell asap before the market shrinks further. The banks are expected to announce their Dec financial results and is everyone concerned? Hope not. If the market declines further, the "dreamy and wishful" pack would have to rent it out at much lower rent to reduce cashflow impact.

Unless one could hold for 2 years without much rental support and has golden rice bowl, else I should not enter the market now. Once property price collapse, more economic misery, more job uncertainty. Be careful what you pray for, you might get your "dream" price, but no job as well.

dmonddd
12-01-09, 09:53
Unless one could hold for 2 years without much rental support and has golden rice bowl, else I should not enter the market now. Once property price collapse, more economic misery, more job uncertainty. Be careful what you pray for, you might get your "dream" price, but no job as well.

Some of the sellers who are within my circle of friends, fully agree with your last sentence. Hence they are moving fast to dispose of as they are aware of the abundant TOP units this Q1 2009. But your first comment does not hold for them. Why? because no investor will hold vacant units even though they have the financial capability.

august
12-01-09, 11:01
Unless one could hold for 2 years without much rental support and has golden rice bowl, else I should not enter the market now. Once property price collapse, more economic misery, more job uncertainty. Be careful what you pray for, you might get your "dream" price, but no job as well.


Agree with you and dmonddd. The next 2 months will have clearer indication. The Singapore economy is faring much worse than expected. The upcoming slew of govt measures will signal how bad the situation is. I think it is prudent to wait-and-see. The consensus is this downturn will be unprecedented.

dmonddd
12-01-09, 17:41
the problem is when the property market tanks, bank financing may not be in place. genuine buyers can't buy without the bank financing. investors are stuck without real transaction. oh boy. can't imagine the future.

good news of US recovering in second half of 2009....but in US only? What about other countries?
:doh:

dmonddd
16-01-09, 09:13
old projects more than 10 years in this district - owners/sellers are asking for ridiculous pricing, 5% off the new projects/projects that are coming to TOP.

With the current environment, they are not bothered to see whether buyer can obtain financing or valuer is able to give that value they are asking.


Move on with life......the only thing I see in next one month is more and more vacant units within this district - can't be sold / rented.

:doh:

focus
16-01-09, 11:34
Actually, the choice is yours..
There are bigger units for similar price in Woodlands or Sembawang.. but most choose to live near city in smaller cages..

dmonddd
16-01-09, 14:11
my view is to just for owners/sellers within this district to be realistic of the current situation locally and globally. otherwise, don't put up the units for sale. or put up the units for sale and regret then...

Seen some units been left vacant for many months due to differences of $500 or less. the owners/landlords would have opportunity losses during the vacant period. Better to be selective with tenants than renting at higher rent to unreliable tenants. No matter how cashflow rich the owners/landlords are, this is what we see as inefficient use of resources.

repanse71
18-01-09, 21:48
my view is to just for owners/sellers within this district to be realistic of the current situation locally and globally. otherwise, don't put up the units for sale. or put up the units for sale and regret then...

Seen some units been left vacant for many months due to differences of $500 or less. the owners/landlords would have opportunity losses during the vacant period. Better to be selective with tenants than renting at higher rent to unreliable tenants. No matter how cashflow rich the owners/landlords are, this is what we see as inefficient use of resources.

This is market forces. Seller dreaming about price collapse to own dream home cheap cheap. Sellers praying that they sell good price or hold out as long as they could. Property clash is a zero sum game that only a small minority benefits. Are you so sure you are that minority? Just look at the last AFC and SARS...

Personally, I hope the coming budget will ensure economic stability.

dmonddd
19-01-09, 09:51
This is market forces. Seller dreaming about price collapse to own dream home cheap cheap. Sellers praying that they sell good price or hold out as long as they could. Property clash is a zero sum game that only a small minority benefits. Are you so sure you are that minority? Just look at the last AFC and SARS...

Personally, I hope the coming budget will ensure economic stability.

I am urging all sellers to be swift....esp. locals. please dont forget that there are other nationalities of sellers/owners. Do the local sellers/owners know what the majority of them is doing? Agents will be able to fill ya in...but the usual comments = overseas investors are able to hold on, high rental demand.

taggy
12-02-09, 06:14
hi everyone.

" 800k to 850k, can find a 2bedrm condo near Novena MRT?"
am i closer to the target price in d11 already or still long way to go.... :ashamed1:

isaaclim
12-02-09, 17:37
Yes and no. Depend on size + distance to Novena MRT.

taggy
15-03-09, 14:46
anyone did comparison ? kindly share your views... pros and cons... future potential? too crowded...?

am looking at the 2bedrm unit, they are within my budget now. :ashamed1:

kgchong
15-03-09, 15:00
anyone did comparison ? kindly share your views... pros and cons... future potential? too crowded...?

am looking at the 2bedrm unit, they are within my budget now. :ashamed1:

I like the Iresidences showroom.... have not been to Domus... or Arte....

how do you find domus?

taggy
15-03-09, 15:19
I like the Iresidences showroom.... have not been to Domus... or Arte....

how do you find domus?
at the moment, i think domus is more affordable, since they have 2bedrm at 904 sqft, while iresidences at 980sqft. Personally, i think both are quite similar projects, maybe i-residences given fixtures slightly better (this is my personal view).

heard domus 1 bedrm units all sold, but dun noe how is the 2bedrm sales.... anyone have news?

magdalene
15-03-09, 20:33
I think if you drive, then it's better to get a unit from I Residence. The reason being that you can either drive back to Novena via Shan Road, or balestier from Irrawaddy. For Domus - you definitely have to drive out to balestier - which may be a killer during peak hours.


However, I think both properties are still too highly priced - wait for it to drop further. :)

and i think both are under district 12.

DKSG
08-06-09, 19:21
Hi Magdalene,

Hope you are not waiting still ... price in the area has moved in tandem with the market ...

All the best!
YFG

magdalene
08-06-09, 21:30
hahaha.. we'll see

taggy
08-06-09, 22:43
hahaha.. we'll see

actually i gave up looking near novena mrt, and went to buy citylights, cos within my budget :p

dtrax
08-06-09, 22:54
It does not matter, as long as you like where you live and the price is within your means provided that the sale price has dropped reasonable enough :)

dmonddd
09-06-09, 09:15
doubt you will find any new project for that price with the current bull run. probably you can find something in east coast.

Newbie Homebuyer
09-06-09, 10:27
For 8xxk for 2 br, your best chance (for new developments) is Nova 48 or 88... but that's actually slightly out of Novena (actually in D12), though can walk.

If you don't mind older developments, try Mandale Heights, De Paradiso ...

DKSG
09-06-09, 19:00
For 8xxk for 2 br, your best chance (for new developments) is Nova 48 or 88... but that's actually slightly out of Novena (actually in D12), though can walk.

If you don't mind older developments, try Mandale Heights, De Paradiso ...

Is Nova sold out already ?
I went there 2 weeks back ... there were like handful of units left ..
Anyone got any information ?

YFG

dmonddd
07-07-09, 14:18
there will be. i did not check it out. it is obvious tht new projects launched recently will draw buyers from old projects with leftover units.