View Full Version : Centro
Is this correct? 1 tower with 34 storeys and 329 units but only serviced by 4 lifts??
imagine the waiting time every morning. :banghead:
being singaporeans, want to vote also no chance. :doh:
so what's the diff?
Ya, same for medical. They used to enjoy similar subsidy as locals but recently think there's a change and now they enjoy lesser subsidy.
If PR can get so much benefits why would they want to give up their citizenship to be Singaporean????
Having the rights to vote in Spore is not that attractive to many ......... you know :tongue3:
District 84483535
14-08-09, 15:15
Centro Residences in Resale
2Bedroom at level 7-11, corner unit, 71msq, city viewing,
asking 1.09m only
call me for detail.
Project Inform
INTRODUCTION
3 Towers of 329 Units
Site Are :6397.2m2
Tenure : 103years
Car park : 255(TBC)
2BR 761 - 885sqft (124units)
3BR compact 914 - 1025sqft (136units)
3BR 1104 - 1208sqft (36units)
4BR compact 1305sqft (28units)
4BR penthouse 1740 - 2204sqft (5units)
Only launching from 7-17th storey
What???
It just 30 METRES TO ANG MO KIO(AMK) MRT
It just 50 METRES TO AMK HUB/AMK BUS INTERCHANGE
It just 10 min TRAVELLING TO TOWN --PIE
It is NEAR AMK REGIONAL LIBRARY
It is NEAR GOOD SCHOOLS(RAFFLES INSTITUTION/ANDERSON JC)
It is very NEAR DRY/WET MARKET
FACILITIES
• 50m Lap Pool• Gymnasium
2 Levels of Facilities
• Dining Pavilions• Spa Villas• Sofa jacuzzi• Hydrotherapy pools• Aqua chairs
AMENITIES
• Ang Mo Kio MRT• AMK Hub• Raffles Institution• Anderson Junior College• Nanyang Polytechnic• Ang Mo Kio Community Library• CHIJ St Nicholas Girls' School• Mayflower Primary School• Bishan Park
PHOTO
http://photos.friendster.com/photos/31/79/17179713/1_460579204l.jpg
Show flat Interior Design
http://photos.friendster.com/photos/31/79/17179713/1_261134907l.jpg
http://photos.friendster.com/photos/31/79/17179713/1_627443216l.jpg
http://photos.friendster.com/photos/31/79/17179713/1_945894854l.jpg
MAP
update soon..
HOT DEMAND!!! Hurry up!
Kindly make appointment with Andy, thanks
Hp 8448 3535 /82981266
E
[email protected] (
[email protected])
District 84483535
14-08-09, 15:19
Centro Residences in Resale
2Bedroom at level 7-11, corner unit, 71msq, city viewing,
asking 1.09m only
call me for detail.
Project Inform
INTRODUCTION
3 Towers of 329 Units
Site Are :6397.2m2
Tenure : 103years
Car park : 255(TBC)
2BR 761 - 885sqft (124units)
3BR compact 914 - 1025sqft (136units)
3BR 1104 - 1208sqft (36units)
4BR compact 1305sqft (28units)
4BR penthouse 1740 - 2204sqft (5units)
developer Only launching from 7-17th storey
What???
It just 30 METRES TO ANG MO KIO(AMK) MRT
It just 50 METRES TO AMK HUB/AMK BUS INTERCHANGE
It just 10 min TRAVELLING TO TOWN --PIE
It is NEAR AMK REGIONAL LIBRARY
It is NEAR GOOD SCHOOLS(RAFFLES INSTITUTION/ANDERSON JC)
It is very NEAR DRY/WET MARKET
FACILITIES
• 50m Lap Pool• Gymnasium
2 Levels of Facilities
• Dining Pavilions• Spa Villas• Sofa jacuzzi• Hydrotherapy pools• Aqua chairs
AMENITIES
• Ang Mo Kio MRT• AMK Hub• Raffles Institution• Anderson Junior College• Nanyang Polytechnic• Ang Mo Kio Community Library• CHIJ St Nicholas Girls' School• Mayflower Primary School• Bishan Park
PHOTO
http://photos.friendster.com/photos/31/79/17179713/1_460579204l.jpg
Show flat Interior Design
http://photos.friendster.com/photos/31/79/17179713/1_261134907l.jpg
http://photos.friendster.com/photos/31/79/17179713/1_627443216l.jpg
http://photos.friendster.com/photos/31/79/17179713/1_945894854l.jpg
MAP
update soon..
HOT DEMAND!!! Hurry up!
Kindly make appointment with Andy, thanks
Hp 8448 3535 /82981266
E
[email protected] (
[email protected])
level 7 to 10 where got city view? AMK hub view at most, see the bus interchange only....:doh:
asking "only" for 1400+ psf for lousy 99yr condo in AMK........... You are a funny guy.
Hope you find the greater fool out there :doh:
bargain hunter
14-08-09, 15:36
Hot demand? Hurry up? still got people buy meh? So fast got flipper liao ah? project is not even moving fast. 1150psf already people kao bei kao bu, you want to sell above 1400psf? :tongue2: in your dreams, flipper...
Centro Residences in Resale
2Bedroom at level 7-11, corner unit, 71msq, city viewing,
asking 1.09m only
call me for detail.
Project Inform
INTRODUCTION
3 Towers of 329 Units
Site Are :6397.2m2
Tenure : 103years
Car park : 255(TBC)
2BR 761 - 885sqft (124units)
3BR compact 914 - 1025sqft (136units)
3BR 1104 - 1208sqft (36units)
4BR compact 1305sqft (28units)
4BR penthouse 1740 - 2204sqft (5units)
developer Only launching from 7-17th storey
What???
It just 30 METRES TO ANG MO KIO(AMK) MRT
It just 50 METRES TO AMK HUB/AMK BUS INTERCHANGE
It just 10 min TRAVELLING TO TOWN --PIE
It is NEAR AMK REGIONAL LIBRARY
It is NEAR GOOD SCHOOLS(RAFFLES INSTITUTION/ANDERSON JC)
It is very NEAR DRY/WET MARKET
FACILITIES
• 50m Lap Pool• Gymnasium
2 Levels of Facilities
• Dining Pavilions• Spa Villas• Sofa jacuzzi• Hydrotherapy pools• Aqua chairs
AMENITIES
• Ang Mo Kio MRT• AMK Hub• Raffles Institution• Anderson Junior College• Nanyang Polytechnic• Ang Mo Kio Community Library• CHIJ St Nicholas Girls' School• Mayflower Primary School• Bishan Park
PHOTO
http://photos.friendster.com/photos/31/79/17179713/1_460579204l.jpg
Show flat Interior Design
http://photos.friendster.com/photos/31/79/17179713/1_261134907l.jpg
http://photos.friendster.com/photos/31/79/17179713/1_627443216l.jpg
http://photos.friendster.com/photos/31/79/17179713/1_945894854l.jpg
MAP
update soon..
HOT DEMAND!!! Hurry up!
Kindly make appointment with Andy, thanks
Hp 8448 3535 /82981266
E
[email protected] (
[email protected])
2Bedroom at level 7-11, corner unit, 71msq, city viewing,
Even at 39 sty, it is still Bishan view and at best only the Toa Payoh Central Great Wall view For that a million $$$ view from AMK. No wonder Far East is the greatest the bestest :doh: :doh:
bargain hunter
14-08-09, 15:51
this advert is not for far east, its for a flipper who bought from far east and still want to sell at > 1400psf somemore.
2Bedroom at level 7-11, corner unit, 71msq, city viewing,
Even at 39 sty, it is still Bishan view and at best only the Toa Payoh Central Great Wall view For that a million $$$ view from AMK. No wonder Far East is the greatest the bestest :doh: :doh:
My sympathies...$1.09m for 71sqm at AMK. Can wait outside Pools at Paradiz Centre. Maybe got chance to sell there :doh:
Hot DEMAND???
FEO already say they going to outdo TID's 3 day record @ Optima by selling Centro over 3 years...
1400psf for 99 yr suburban??? Siao boh?
DOn't get involved. Rather buy DBR at simei. Few units left. Gr8 investment n rental yield due to upcoming Changi Business Park.
Not to mention that the project haven't sell-out and maybe for $1.4K psf can get a real high-floor unit direct from developer summo. :D
Not to mention that the project haven't sell-out and maybe for $1.4K psf can get a real high-floor unit direct from developer summo. :D
I seriously doubt the 93 units sold as reported. Typically, they sell it to their own management & insiders for a huge discount in preview.... and you will not find it in caveat lodged bcos these people do not take bank loans. :banghead:
I seriously doubt the 93 units sold as reported. Typically, they sell it to their own management & insiders for a huge discount in preview.... and you will not find it in caveat lodged bcos these people do not take bank loans. :banghead:
Hmm... more test market? :rolleyes:
30m to MRT but 50m to AMK Hub which is next door?
mis-selling again???
You expect ppl to jump out of their windows onto the MRT track? :banghead:
30m to MRT but 50m to AMK Hub which is next door?
mis-selling again???
You expect ppl to jump out of their windows onto the MRT track? :banghead:
Bacause the main entrance will be located nearer to MRT and further away to AMK Hub lor. :rolleyes:
They keep selling as "new" (since vacant and nobody stay in before right)?
Those who bought always lu-gi because want to sell still have to compete with the developer's selling "new" units. Even if developer sell at same price as these owners they also win because theirs' are "new" and Singaporeans like buying "new". :p
My no 1 rule in buying property is not low floor or west sun. Its the developer cannot be FxO. Who spends the most money on advertising? You think they absorb the cost or pass to their customers?
Property_Owner
14-08-09, 19:26
I seriously doubt the 93 units sold as reported. Typically, they sell it to their own management & insiders for a huge discount in preview.... and you will not find it in caveat lodged bcos these people do not take bank loans. :banghead:
Kiat, any idea how many unit they had sold for SS?
I seriously doubt the 93 units sold as reported. Typically, they sell it to their own management & insiders for a huge discount in preview.... and you will not find it in caveat lodged bcos these people do not take bank loans. :banghead:
talking about caveat, can any expert tell me why cannot my find transaction(not this project) in ura nor businesstimes, regardless based on option date or completion date.
The funny thing is, i receive a letter from SLA saying a caveat have been lodge.
I wrote to both businesstimes and ura, quoting the caveat number, both say cannot find the caveat.
When i sold my previous condo, also the same, could not find the transaction.
This round i become buyer, took bank loan, still the same.
Then, my lawyer say i can request to lodge a caveat myself, $50++, but she say usually she dun advise buyer to do it (to save cost). She say bank will lodge.
I wonder how many people is same as me; meaning there may be a lot transactions for a completed project, but the public will not know.
you can find it in www.streetsine.com
bargain hunter
14-08-09, 21:24
"But weekend sales were slower at mid-tier projects closer to the city. Far East sold five units of Silversea in Amber Road at an average price of $1,380 psf, for a total of 59 units sold so far." That news report was on 28th July. 2 weekends and a lot of aggressive advertising on ch 5, 8, CNBC and Bloomberg later...dunno how effective they are in selling more units.
Kiat, any idea how many unit they had sold for SS?
Property_Owner
14-08-09, 21:54
"But weekend sales were slower at mid-tier projects closer to the city. Far East sold five units of Silversea in Amber Road at an average price of $1,380 psf, for a total of 59 units sold so far." That news report was on 28th July. 2 weekends and a lot of aggressive advertising on ch 5, 8, CNBC and Bloomberg later...dunno how effective they are in selling more units.
These 5?
Address
Tenure
PSF
Area Sqft
Price
Contract Date
52 Marine Parade Road #14-21
99 Yrs From 20/07/2007
$1585
1679
$2662k
23 Jul 09
46 Marine Parade Road #01-01
99 Yrs From 20/07/2007
$1150
1582
$1820k
21 Jul 09
52 Marine Parade Road #08-21
99 Yrs From 20/07/2007
$1290
1507
$1944k
20 Jul 09
52 Marine Parade Road #13-22
99 Yrs From 20/07/2007
$1550
2497
$3870k
17 Jul 09
52 Marine Parade Road #05-21
99 Yrs From 20/07/2007
$1198
1485
$1780k
15 Jul 09
"But weekend sales were slower at mid-tier projects closer to the city. Far East sold five units of Silversea in Amber Road at an average price of $1,380 psf, for a total of 59 units sold so far." That news report was on 28th July. 2 weekends and a lot of aggressive advertising on ch 5, 8, CNBC and Bloomberg later...dunno how effective they are in selling more units.
Yes, Effective advertisement, I saw it but too expensive now, wait till 900 psf.
May ask developer to save advertisement cost and pass on to consumer.
http://www.h88.com.sg/article/Condo%20Review:%20Centro%20Residences/
hi guys, i not doing ad for h88, but i really find this review interesting and will like to share it ...
bargain hunter
14-08-09, 22:47
caveats for those 5 units so fast out meh?
These 5?
Address
Tenure
PSF
Area Sqft
Price
Contract Date
52 Marine Parade Road #14-21
99 Yrs From 20/07/2007
$1585
1679
$2662k
23 Jul 09
46 Marine Parade Road #01-01
99 Yrs From 20/07/2007
$1150
1582
$1820k
21 Jul 09
52 Marine Parade Road #08-21
99 Yrs From 20/07/2007
$1290
1507
$1944k
20 Jul 09
52 Marine Parade Road #13-22
99 Yrs From 20/07/2007
$1550
2497
$3870k
17 Jul 09
52 Marine Parade Road #05-21
99 Yrs From 20/07/2007
$1198
1485
$1780k
15 Jul 09
Property_Owner
15-08-09, 00:18
caveats for those 5 units so fast out meh?
http://www.streetsine.com/
you can find it in www.streetsine.com (http://www.streetsine.com)
thanks, my caveat is also not on this website....
but i really received a letter from letter from SLA, got the caveat number, lodged date....
There's a time lag.... what is see is usually reflected only after some time. If you or your lawyers lodge a caveat successfully.. you will surely see it later. If not, what is the purpose of caveats? Wait for the data update.
Geylang OKT
15-08-09, 08:37
No 2000psf No Sell! :D :D :D :D
OMG. after lookin at h88 site, didn't realise it was that close to the bus terminal.
wonderful aroma of smokey diesel fumes all day and night.
And tennis court is right next to it. You couldn't pay me to live there.
There's a time lag.... what is see is usually reflected only after some time. If you or your lawyers lodge a caveat successfully.. you will surely see it later. If not, what is the purpose of caveats? Wait for the data update.
hi Condorich, that is why i find it so funny; and happening to me for the 2nd time.
Paid 1% to seller and got the "option to purchase" dated 16-Apr-2009
Option to purchase exercise on 28-Apr-2009
received letter from SLA saying caveat IB/25????P lodged on 25-may-2009
Property purchase completion date(get key) : 23-jun-2009
until now, caveat not in businesstimes, ura, nor streetsine
http://www.h88.com.sg/article/Condo%20Review:%20Centro%20Residences/
hi guys, i not doing ad for h88, but i really find this review interesting and will like to share it ...
Nice review that FEO will not be too pleased with. Seriously, not sure who bot the "sold out" 2BRs. Maybe some people are out to create an illusion?
DOn't get involved. Rather buy near singapore 4th uni. Few units left. Gr8 investment n rental yield due to upcoming Changi Business Park.
Alamak, why you keep promoting MSCP project in every thread????:doh:
Can't flip your unit?:scared-1:
DOn't get involved. Rather buy near singapore 4th uni. Few units left. Gr8 investment n rental yield due to upcoming Changi Business Park.
DOn't get involved. Rather buy near singapore 4th uni. Few units left. Gr8 investment n rental yield due to upcoming Changi Business Park.
are you speaking as a property agent
A very desperate agent trying to promote a MSCP project!!:tongue3:
are you speaking as a property agent
Nice review that FEO will not be too pleased with. Seriously, not sure who bot the "sold out" 2BRs. Maybe some people are out to create an illusion?
It missed out on the mosque view....
I find the empty plot of land beside the show room a better choice... hope that land price will be low if sold by government and developer are more realistic.
i wish all benefit by buying at reasonable price.......:scared-2:
A very desperate agent trying to promote a MSCP project!!:tongue3:
It missed out on the mosque view....
I find the empty plot of land beside the show room a better choice... hope that land price will be low if sold by government and developer are more realistic.
In fact, according to the singapore famous feng-shui master, the BEST plot of land in AMK is the one that is next to the existing Grandeur-8 site. the one that is closer to the garden and the traffic junction opposite Mayflower Pri.
oh tat one has a nice parkview and not as close to mrt but still within walking distance. The carpark spaces are also possible if mcp are built to replace them. You are right.
Daniel_Yee
20-08-09, 15:41
Anyone selling at 900psf, let me know. High floor only.
Daniel Foo
20-08-09, 15:55
Anyone selling at 900psf, let me know. High floor only.
Bro, this is a crap project. You are paying 1000 psf+ to be beside the Ang Mo Kio bus interchange. You can enjoy the bus moving in and out from the AMK bus interchange
The location is okay but at that price, I would encourage you to get more prime districts or east side (FH) projects if you can afford.:2cents:
Daniel_Yee
20-08-09, 16:18
That is why I asking for 900psf for high floor. See whether anyone want to subsale to me lor.
I buy to rent out one. I calculate based on 3.5% rental yield, 900k for a 2 bedders and 3k a month rental. After that, maybe sell back at 1100psf to some idiots lor.
Of course, those who bought at 1200psf are looking at 2% rental yield lor.
Bro, this is a crap project. You are paying 1000 psf+ to be beside the Ang Mo Kio bus interchange. You can enjoy the bus moving in and out from the AMK bus interchange
The location is okay but at that price, I would encourage you to get more prime districts or east side (FH) projects if you can afford.:2cents:
Anyone selling at 900psf, let me know. High floor only.
Thought you bought your Twin Regency liao???
Daniel_Yee
20-08-09, 16:22
Rental then sell to some cocks at 1100psf.
Thought you bought your Twin Regency liao???
Daniel Foo
20-08-09, 16:44
Rental then sell to some cocks at 1100psf.
Not worth the risk lah as you will have no buffer when you flip.
99 Year project now asking at such ridiculous price is just a passing fade. Once the market hype or property bubble burst, we will be back to reality pricing again.
Realistic price to call for Centro is 850psf-950psf max.
I think 800-900psf for a high floor unit is resasonable for this development....waiting for starbuys haa haa.... :rolleyes:
I think 800-900psf for a high floor unit is resasonable for this development....waiting for starbuys haa haa.... :rolleyes:
Starbuy at their FEO's cost price? Wait long long. If they really sell below 950psf, the demand will be so high that it probably needs to ballot like Optima. See how is the response to 1000psf Trevista first. And our Mr Kwek from CDL is confident he can sell Chestnut Avenue's inside-jungle-99LH condo for 700psf so how can AMK be priced at 800psf??
Starbuy at their FEO's cost price? Wait long long. If they really sell below 950psf, the demand will be so high that it probably needs to ballot like Optima. See how is the response to 1000psf Trevista first. And our Mr Kwek from CDL is confident he can sell Chestnut Avenue's inside-jungle-99LH condo for 700psf so how can AMK be priced at 800psf??
Starbuy will come when something bad happens, such as TOP up call by bank when valuation falls to more than 20%... but then again... there will be people queing up when it is really cheap...
Why would anyone exercise their option and sell at a loss? Might as well lose part of the downpayment and let it lapse. Wait a while to catch the fall if lucky.
I think 800-900psf for a high floor unit is resasonable for this development....waiting for starbuys haa haa.... :rolleyes:
Clever, very smart indeed, I think everyone now read this forum knew about the real market condition, waiting for STARBUY....
If this is the case, the property market will be falling very soon...:scared-3:
So....I really pity those who bought recently at the high price.:doh:
How to sell in future...:banghead:
Daniel_Yee
21-08-09, 13:56
Don't worry. I remember everybody was rushing to buy Aristo at east coast @ $1700psf in 2007 peak and some say will reach 2k+ psf. Even if drop, buy for own stay also ok one. 3 months ago, drop to 900psf. Now i think 1k psf. So I think it is just a matter of time before Centro starts selling at 800psf. And I don't think those who say "buy for own stay doesn't matter" really mean it. I mean when your neighbour is paying $2000 p/m and you paying $2800 a month, doesn't it matters?
Congrats to the 87 buyers of the 1.2k psf, bus fumes infested and perpetually jammed Condo.. I will pay 1k psf anytime to stay at East coast to enjoy sea breeze and probably a stone throw away from the sea.
I change my buying condition. Anyone want to sell 800psf and below, let me know.
Starbuy at their FEO's cost price? Wait long long. If they really sell below 950psf, the demand will be so high that it probably needs to ballot like Optima. See how is the response to 1000psf Trevista first. And our Mr Kwek from CDL is confident he can sell Chestnut Avenue's inside-jungle-99LH condo for 700psf so how can AMK be priced at 800psf??
Daniel_Yee
21-08-09, 13:58
I always maintain this.
If AMK is selling at 1300psf, what will be the price for East coast? 2000psf? River valley at 3000psf? Orchard and Marina bay at 4000psf?
Clever, very smart indeed, I think everyone now read this forum knew about the real market condition, waiting for STARBUY....
If this is the case, the property market will be falling very soon...:scared-3:
So....I really pity those who bought recently at the high price.:doh:
How to sell in future...:banghead:
Regulators
21-08-09, 14:59
What gives you the impression that AMK should be worse than East Coast in terms of pricing?
I always maintain this.
If AMK is selling at 1300psf, what will be the price for East coast? 2000psf? River valley at 3000psf? Orchard and Marina bay at 4000psf?
I always maintain this.
If AMK is selling at 1300psf, what will be the price for East coast? 2000psf? River valley at 3000psf? Orchard and Marina bay at 4000psf?
Right, Agreed fully with your example.
Very high price for HDB upgraders.
Wait for real price to come.
bargain hunter
21-08-09, 15:44
won't fall so soon, ppty market normally takes longer to react, probably a slide in the initial stage then panic after a few years nearer to completion. No need to worry about how to sell in future or pity those buyers, they will naturally be forcesold. Die Die don't want to sell also one backside of debt to pay for 30 or 35 years.
Clever, very smart indeed, I think everyone now read this forum knew about the real market condition, waiting for STARBUY....
If this is the case, the property market will be falling very soon...:scared-3:
So....I really pity those who bought recently at the high price.:doh:
How to sell in future...:banghead:
Daniel_Yee
21-08-09, 16:02
I thought this should be quite common sense. If you really want to find out, there are 2 ways.
1) Go HDB website, check on the resale price for HDB.
2) Go to URA website, check out the difference between district 20 and district 15. You should see an overall 30% difference in pricing.
Anyway, if you try to market a Condo, do you think it sound nicer to say "It is near AMK central with MRT" or "It is near the sea".
What gives you the impression that AMK should be worse than East Coast in terms of pricing?
thomastansb
21-08-09, 16:10
I think AMK cannot even smell East Coast smoke. 1200psf is for idiots. Luckily there are 87 idiots.
What gives you the impression that AMK should be worse than East Coast in terms of pricing?
bargain hunter
21-08-09, 16:42
87 in july...somemore (i hope not too many more) in aug.
I think AMK cannot even smell East Coast smoke. 1200psf is for idiots. Luckily there are 87 idiots.
i'M Still optimistic that a correction in property prices will come end of year and 1h 2010 as the number of TOP units increases and rental vacancy probably should increase.
Though i think selective bluechip properties will withstand the fall like those in marinabay or sentosa and the truly prime area in d9-11.
Daniel_Yee
21-08-09, 16:55
I think those buay gan condo like Centro, Aristo asking rocket high PSF will gonna the worst. That is when I will go in and snap 1 more for rental. The 2 IR locations should be safe.
i'M Still optimistic that a correction in property prices will come end of year and 1h 2010 as the number of TOP units increases and rental vacancy probably should increase.
Though i think selective bluechip properties will withstand the fall like those in marinabay or sentosa and the truly prime area in d9-11.
I think those buay gan condo like Centro, Aristo asking rocket high PSF will gonna the worst. That is when I will go in and snap 1 more for rental. The 2 IR locations should be safe.
FEO projects unlikely right? They sure can hold long-long one. ;)
Regulators
21-08-09, 23:51
i wud nt pay 1200psf for AMK but I wud like to see such estates being able to compete with D15 in terms of pricing n desirability. I am still a sucker for prime but on the flipside the pty scene wud be really boring if only prime districts witness big movement in prices.
I think AMK cannot even smell East Coast smoke. 1200psf is for idiots. Luckily there are 87 idiots.
I think those buay gan condo like Centro, Aristo asking rocket high PSF will gonna the worst. That is when I will go in and snap 1 more for rental. The 2 IR locations should be safe.
Why IR locations should be safe? U mean Sail? Studio now rental only $2.6k... Furthermore with hundreds of units of supply... Do u think the Big shots of who & who will come n rent this office project where your window can only open 4 inches?
proud owner
22-08-09, 02:17
Why IR locations should be safe? U mean Sail? Studio now rental only $2.6k... Furthermore with hundreds of units of supply... Do u think the Big shots of who & who will come n rent this office project where your window can only open 4 inches?
read my comment on Sentosa IR hiring 5000 this weekend
5000 chambermaids and drivers etc ..
you think they going to rent? or even pay 2.5k for a studio ?
what kind of pay does a chambermaid commands ?
good luck to all who bought studios in anticipation of IR hiring
lol this thread is damn entertaining. guys, why bother to waste yr breadth? let these fellas think all they want. if they think amk is worth 1200, so be it. i'm certainly not complainin - centro is so infamous it has become the 'benchmark' for prices of all other property in singapore
Not worth the risk lah as you will have no buffer when you flip.
99 Year project now asking at such ridiculous price is just a passing fade. Once the market hype or property bubble burst, we will be back to reality pricing again.
Realistic price to call for Centro is 850psf-950psf max.
Would you buy AMK at $850psf? Those condo near paya lebar is selling abt 900psf. I rather buy paya lebar than AMK.
87 in july...somemore (i hope not too many more) in aug.
In the stock market, one way the syndicates suck in buyers for their shares is to buy up a huge volume of their own shares at the sell queue. The retail investors upon seeing this will rush in and buy up the rest, thinking the shares are in high demand and will move up soon. Once all their shares are "distributed", the syndicates will exit and the trading volume will fall as there are no buyers. Retail investors who cannot pay up for the shares will then be forced to sell at much lower prices
lol this thread is damn entertaining. guys, why bother to waste yr breadth? let these fellas think all they want. if they think amk is worth 1200, so be it. i'm certainly not complainin - centro is so infamous it has become the 'benchmark' for prices of all other property in singapore
Centro.. errr.. CHEONG AHHHH???!!! :rolleyes:
All the best to those who got a unit there:)
Regulators
22-08-09, 20:33
pay more than 1 mil for a 570sqft studio in the sail and get some cock 2.6k rental? that is a joke indeed. HDB flats or OCR properties can do a lot better in terms of rental yield. Let those idiots who pay more than 2k psf for the sail burn big time....:doh:
Why IR locations should be safe? U mean Sail? Studio now rental only $2.6k... Furthermore with hundreds of units of supply... Do u think the Big shots of who & who will come n rent this office project where your window can only open 4 inches?
Daniel_Yee
22-08-09, 21:10
I don't know how is the rental there at sail but I just saw in newspaper 3.2k to 5k for studio. Not bad I feel considering it is a 'slum' now. I think after IR and MBFC are up, things will be very different. Anyway, who cares about the windows can open how big? My TR 2 bedroom in a lousy-with-nothing-around location can fetch 5k liao.
Why IR locations should be safe? U mean Sail? Studio now rental only $2.6k... Furthermore with hundreds of units of supply... Do u think the Big shots of who & who will come n rent this office project where your window can only open 4 inches?
Daniel_Yee
22-08-09, 21:16
I don't think buyers care about the rental yield there. One time capital appreciation is your 20 years rental already. Don't believe, go URA and check the differences at Jan and now. Think got 500 psf difference. So 500 x 650sq ft = 300 over k. Where in Singapore has got such appreciation like MB and Orchard?
Anyway, you don't always sound so jealous leh. Seriously, I don't think anyone is going to sell to you at 1500psf anymore. If at 1600psf, I will buy one for myself already.
pay more than 1 mil for a 570sqft studio in the sail and get some cock 2.6k rental? that is a joke indeed. HDB flats or OCR properties can do a lot better in terms of rental yield. Let those idiots who pay more than 2k psf for the sail burn big time....:doh:
thomastansb
22-08-09, 23:41
You all can argue big time and I don't give a shit. There are 2 facts, like it or not:-
1) Centro sucks. It really trigger your senses. Smell the bus. Blasted by the train noise. See the super crowds. Feel the super jams. Maybe taste the feeling of 1200psf for such a crap location?
2) I am at 44th floor overlooking the bay, enjoying my beer, surfing net and seeing jealous people saying the Sail sucks while I am looking at Marina bay, overlooking the flyer, suntec and the almost done up IR. Rental or no rental, I don't care.
Daniel is right about the capital appreciation. People like regulator only look at short term. Never look far enough. That is why he/she can only say rental, rental and rental and the sail sucks blah blah blah. No long term view and of course, no money to buy. Remind me of Merrill Lynch who focus on short term goals of inflating CEO bonus by playing subprime bonds. Never see far enough. Who cares about that miser 2-3% rental yield when one shot, I earn 30-40%.
I don't think buyers care about the rental yield there. One time capital appreciation is your 20 years rental already. Don't believe, go URA and check the differences at Jan and now. Think got 500 psf difference. So 500 x 650sq ft = 300 over k. Where in Singapore has got such appreciation like MB and Orchard?
Anyway, you don't always sound so jealous leh. Seriously, I don't think anyone is going to sell to you at 1500psf anymore. If at 1600psf, I will buy one for myself already.
Dan, everyone has a mindset and this fella definitely has his own fixed mindset. Prices aside, i think one really has to live in the place for a bit before coming to finalities - with property prices reaching such heights, maybe for the buyer-stayer it makes good sense to do a short term rent of the target condo before buying (there is this online service that rents out studios at different areas on a per week basis). For e.g., since some people say RCR areas like beacon heights are great. Great, so now stay at both the sail and bh and judge what you get from the $1k psf for BH vs $1.8kpsf for the sail. From there, one can easily gauge rent potential, and growth potential.
Since i'm a buyer-stayer, let me start with some of the stuff residents here enjoy now and in a year's time.
In the Sail: 2nd Floor, First Floor & Basement facilities/shops:
- Harry's (L1)
- Blarneys (L1)
- Coffee Bean (L1)
- Hokkaido Sandwich (L1)
- Juice Bar (L1)
- Raffles Takeaways (L1)
- Hot Grill French Dining (L2)
- Da Paolos Gastronomia (L1)
- Creative Hairworks (B1)
- A convenience store (B1)
- Some florist (B1)
- Another Jap restaurant (B1)
- A tailor (B1)
Within 50m radius (right next door)
Now:
- 7-11, and 5 other cafes/restaurant like TCC etc
- Clinic and dentist
in 2010:
- Central linear park, central promontory, and new boardwalk
- 4 levels of shopping beneath the park
- Landmark MRT Station
- Proposed redirection of F1 route past Marina Blvd and the Sands
Within 150-200m radius (4-5mins)
Now:
- Lau Pa Sat
In 2010:
- Clifford Pier boardwalk, shoppes and restaurants
Within 500-600m radius (10mins)
Now:
- Raffles MRT & Retail Link
- Marina Bay MRT
- One Fullerton (& my fave butter!)
In 2010:
- IR
- Entrance of Gardens by the Bay
- Marina Promenade
- Marina Bay Central Park
Within 1km (16min)
Now:
- Esplanade
- St Andrew's and other churches
- Boat Quay, Vic and waterfront eateries / park
2010:
- ArtScience Museum
- DNA bridge
Within 1.5km (7 min cycling distance which i do now)
- Suntec (Carrefour) where i now do my grocery shopping
True, as it is right now, the interior finishings of the lobbies and lifts of the sail is far less than the 6-star condo CDL markets it to be. But with almost 500k per month in conservancy fees it has to spend, trust me - once the MCST is up and running, we'll prob ask ECC to piss off, and get some much needed improvements and overhauls done.
To sum up, staying at the Sail has got nothing to do with the IR. Rather, its got everything to do with the shopping, makan, entertainment and recreational facilities that the whole place offers. Not to mention, there are only 2 condos (Sail and MBR) that are directly fronting the Bay today, and there's only room for one more small one where the govt's visitor center is supposed to be, but that's at least 7-10 years away IF anything's planned.
So, is this area overpriced today? You guys be the judge - for us, we're enjoying having all the above at our doorstep.
P.s. The above is JUST the land based facilities. We haven't even gone into the water based stuff. See the below:
http://www.straitstimes.com:80/STI/STIMEDIA/sp/PLAN/PLAN.jpg
The minister also said the URA wanted to bring more activity and vibrancy to the Greater Marina Bay, comprising Marina Bay, Marina Channel, Kallang Basin/Kallang River and the Singapore River.
The Bay will host the inaugural International Pink Dragon Boat Council World Championships in September.
It will also be the place for high-speed sporting events such as jet-ski, wakeboarding and water-ski championships. A 2.5 km long power-sporting circuit has been earmarked for these races.
At the Kallang Basin, a 35 hectare zone of water has been earmarked for non-motorised sports such as canoeing and dragon boating. Nearby, a 5 ha zone at the Kallang River will be used for motorised water sports.
Over at the Marina Channel, there will be a new 1 km race course for dragon boat, canoeing and rowing competitions, in a 30 ha water sports zone.
Mr Mah added that to enhance the accessibility to and in the Bay, water taxi services will be extended with 13 new stops to the various attractions and water bodies.
Property_Owner
23-08-09, 00:52
I don't think buyers care about the rental yield there. One time capital appreciation is your 20 years rental already. Don't believe, go URA and check the differences at Jan and now. Think got 500 psf difference. So 500 x 650sq ft = 300 over k. Where in Singapore has got such appreciation like MB and Orchard?
Anyway, you don't always sound so jealous leh. Seriously, I don't think anyone is going to sell to you at 1500psf anymore. If at 1600psf, I will buy one for myself already.
Want rental yield buy geylang. Captital gain buy Orchard or Marina.
I don't know how is the rental there at sail but I just saw in newspaper 3.2k to 5k for studio. Not bad I feel considering it is a 'slum' now. I think after IR and MBFC are up, things will be very different. Anyway, who cares about the windows can open how big? My TR 2 bedroom in a lousy-with-nothing-around location can fetch 5k liao.
Asking rental not equal to transacted... So what is the difference if IR is up? Tenant profile vastly different? What is or where is TR?
Want rental yield buy geylang. Captital gain buy Orchard or Marina.
PO do u reckon Orchard or Marina or Sentosa has more upside $$. When the misic stops, which area will px goes :scared-1:
Daniel_Yee
23-08-09, 02:01
Twin Regency. It's opposite Tiong Bahru Plaza. I went to the sail before but didn't buy because too expensive. Now want to buy also cannot buy already.
Asking rental not equal to transacted... So what is the difference if IR is up? Tenant profile vastly different? What is or where is TR?
You all can argue big time and I don't give a shit. There are 2 facts, like it or not:-
1) Centro sucks. It really trigger your senses. Smell the bus. Blasted by the train noise. See the super crowds. Feel the super jams. Maybe taste the feeling of 1200psf for such a crap location?
2) I am at 44th floor overlooking the bay, enjoying my beer, surfing net and seeing jealous people saying the Sail sucks while I am looking at Marina bay, overlooking the flyer, suntec and the almost done up IR. Rental or no rental, I don't care.
Daniel is right about the capital appreciation. People like regulator only look at short term. Never look far enough. That is why he/she can only say rental, rental and rental and the sail sucks blah blah blah. No long term view and of course, no money to buy. Remind me of Merrill Lynch who focus on short term goals of inflating CEO bonus by playing subprime bonds. Never see far enough. Who cares about that miser 2-3% rental yield when one shot, I earn 30-40%.
The Sail is a good buy if can get it at the price beginning of this year. Macau is a good example on how IR can boost the property price.
http://www.businesstimes.com.sg/sub/news/story/0,4574,347847,00.html?
Published August 28, 2009
Initial phase of Trevista condo going at $898 psf on average
By KALPANA RASHIWALA
NTUC Choice Homes Co-operative is pricing the initial phase of its Trevista condo at Toa Payoh, which previews today, at an average price of $898 per square foot. This is about 20 per cent lower than Far East Organization's Centro Residences next to Ang Mo Kio Hub, priced at $1,150 psf on average and released last month.
However, as Trevista's units are generally larger than Centro's, the price differential in absolute terms may be less.
Far East has sold only about 100 units - an outcome some market watchers see as due to price resistance.
Both projects are on 99-year leasehold.
Trevista is near Braddell MRT Station and within walking distance of shopping and other amenities at HDB Hub and Toa Payoh Central. Centro, a 34-storey project with 329 units, is right next to Ang Mo Kio Hub and opposite Ang Mo Kio MRT Station.
The $898 psf and $1,150 psf average prices for the two projects are for normal progress payment schemes. Buyers who opt for the interest absorption scheme will pay 2 per cent more at Trevista and 4 per cent more at Centro. So far, none of Centro's buyers has opted for interest absorption.
NTUC Choice Homes said yesterday that the absolute price quantums at Trevista on average are about $830,000 for a two-bedroom unit, $1.065 million for a three-bedder, and $1.43 million for a four-bedroom apartment, on a normal progress payment scheme.
The developer is releasing 210 units this weekend, comprising mostly two, three and four-bedroom apartments. The project has a total of 590 units in three 39-storey towers.
Choice Homes has invited business associates, NTUC union members and members of the public who have registered interest in the project for today's preview. The co-op is extending special benefits to union members for a 'limited period during the preview'.
Each member who buys a Trevista unit will be given 55,000 LinkPoints as well as one of three other benefits, each worth up to $6,000 - a free NTUC Income Mortgage Protection Plan; an integrated fridge; or a family cash rebate for union members living near their parents or children residing in Toa Payoh or for multiple family-purchases of units.
Trevista is being marketed by CB Richard Ellis and ERA.
Over in the Mount Sinai area, Singapore Land is previewing its freehold Trizon condo this weekend at between $1,300 and $1,500 psf. However, prices are likely to be lower for ground-floor units with private enclosed space.
SingLand is offering only a normal progress payment scheme. It is developing the 24-storey condo, which will have 289 units, on the former Himiko Court site that it bought in May 2007 for $336 million. This works out to $821 psf of potential gross floor area, including an estimated $1.07 million development charge.
So still no price reduction in face of competition from Trevista? Starbuys? :rolleyes:
can dream about it from F.E.O...
Perhaps fire sales later on but don't expect much from developer. They can lease it out later and no need to sell hard.
Y bother with FEO properties?
the high pricing, substandard quality and numerous unsold properties that are already donkey years old not enough to convince people?
So those who bought centro are confirmed doom? I believe there will be a chance since the base cost of construction is always moving north. You cannot find any cheaper units other than those old resales unit.
So still no price reduction in face of competition from Trevista? Starbuys? :rolleyes:
Don't hold out hope for starbuys. They can hold and hold and slowly sell. Look in the forums for past discussions on Bishan 8 and Rafflesia.
Best bet is subsale.
So those who bought centro are confirmed doom? I believe there will be a chance since the base cost of construction is always moving north. You cannot find any cheaper units other than those old resales unit.
The construction is going north but is your wages also going north????
If not, nobody can afford to pay those prices.
Soon the developer will need to match what the maket can afford.
Looks like this project is the current pricing benchmark for bad sales...haa haa. :rolleyes:
moneyspinner
01-09-09, 17:48
Looks like this project is the current pricing benchmark for bad sales...haa haa. :rolleyes:
No problem. Uncle Ng TF can afford! :)
So those who bought centro are confirmed doom? I believe there will be a chance since the base cost of construction is always moving north. You cannot find any cheaper units other than those old resales unit.
being objective, I think Centro will be like Bishan 8, you need at least 10/15ys horizon to be even. Centro land price 600, estimate construction cost 270, the total cost is about 870. FEO could have sold it at 1000psf, at this price, although still high, will not be so atrocious, and for some there might have a value. But FEO did it 1150. At this price it fully prices in the future potential upside. So as a buyer, you straight away give back you potential capital gain to FEO, and that's already on the premise pty market is going up. This is the problem of FEO projects. Always 20% above the market. And they really can hold for 15 years no problem.
Daniel_Yee
02-09-09, 22:19
that is why dun buy lor.. got so many more condos around, why must buy centro? not as if the location damn great like this nor it is having some spectacular view.
being objective, I think Centro will be like Bishan 8, you need at least 10/15ys horizon to be even. Centro land price 600, estimate construction cost 270, the total cost is about 870. FEO could have sold it at 1000psf, at this price, although still high, will not be so atrocious, and for some there might have a value. But FEO did it 1150. At this price it fully prices in the future potential upside. So as a buyer, you straight away give back you potential capital gain to FEO, and that's already on the premise pty market is going up. This is the problem of FEO projects. Always 20% above the market. And they really can hold for 15 years no problem.
tokbooncheng
12-09-09, 23:05
that is why dun buy lor.. got so many more condos around, why must buy centro? not as if the location damn great like this nor it is having some spectacular view.
What i notice for FEO project is that they will price their homes
much higher than the market & sell slowly. If can't sell well... they
can hold (rent out the units when ready) until the next round when people go
crazy again. They have so much $$$ so no worries if slow sale there
is always the next cycle...
What i notice for FEO project is that they will price their homes
much higher than the market & sell slowly. If can't sell well... they
can hold (rent out the units when ready) until the next round when people go
crazy again. They have so much $$$ so no worries if slow sale there
is always the next cycle...
Any idea how many units sold so far?
I stay in G8 and everyday when i drive past the show room, it seems like the showroom is a deadtown...the agents are sitting there to "beat mosquitos"...
Some recents deals at G8 are at a record high price. Time to cash out before the tides change?
tokbooncheng
13-09-09, 22:05
Any idea how many units sold so far?
Base on URA records slightly more than half of units launch are being sold.
Launch is about 180+ units of what i remember. This imo quite good sale
already.
tokbooncheng
13-09-09, 22:09
I stay in G8 and everyday when i drive past the show room, it seems like the showroom is a deadtown...the agents are sitting there to "beat mosquitos"...
No worries for FEO... as their Chairman is again name Singapore richest man with estimate US$8Billions of assets. Correct me if i am wrong. :)
No worries for FEO... as their Chairman is again name Singapore richest man with estimate US$8Billions of assets. Correct me if i am wrong. :)
Good Luck man...anyway, so rich no hurry to sell....but poor agents....waste time everyday.
Good Luck man...anyway, so rich no hurry to sell....but poor agents....waste time everyday.
Think of it....who's gonna pay for the agents to sit there, and the showflat......it's all factor into the cost price of the condo, correct? which means are the potential suckers....:tongue3:
Think of it....who's gonna pay for the agents to sit there, and the showflat......it's all factor into the cost price of the condo, correct? which means are the potential suckers....:tongue3:
Maybe the core sales team do get abit of fees for being the main agent, else for some projects that have more than an agency to do the mkting, who wanna go in unless it's a sure-sell?
Think agents generally have their other biz outside the showflats, else can die rotting liao ... the core sales team can station at one showflat & then do up their own roster :)
Base on URA records slightly more than half of units launch are being sold.
Launch is about 180+ units of what i remember. This imo quite good sale
already.
For the mth of July, 87/180 pretty good ... perhaps by now, slightly more?
bargain hunter
14-09-09, 12:16
:) let's see tomorrow's monthly sales update. maybe some returned units?
For the mth of July, 87/180 pretty good ... perhaps by now, slightly more?
:) let's see tomorrow's monthly sales update. maybe some returned units?
yup, maybe can get some 4D new idea :D .. but don't think can set another record lah :tongue3:
bargain hunter
14-09-09, 12:21
the number sure smaller, but sure 4D, maybe we can attempt to guess, 1818? hee i feel no. should be below 2000. :o
yup, maybe can get some 4D new idea :D .. but don't think can set another record lah :tongue3:
For the mth of July, 87/180 pretty good ... perhaps by now, slightly more?
Do you know what would be the rental one can get for these 800-900sqft units?
Do you know what would be the rental one can get for these 800-900sqft units?
beats me ... is this abt Centro? Not exactly interested leh :)
with Marlboro Tan's annoucement of the latest schemes to curb property speculations, think the showroom can close down already as there will be no more suckers who can speculate and buy Centro at $1,200 psf ridiculous pricing !!:scared-4:
I stay in G8 and everyday when i drive past the show room, it seems like the showroom is a deadtown...the agents are sitting there to "beat mosquitos"...
Its a fault their own now that this development received bad
impressions...:tongue3:
bargain hunter
15-09-09, 13:42
new 4D no. 1699. i am slightly off the mark with my 1818 guess. :ashamed1:
yup, maybe can get some 4D new idea :D .. but don't think can set another record lah :tongue3:
new 4D no. 1699. i am slightly off the mark with my 1818 guess. :ashamed1:
LOL ... bro, a bit off only lah ... but the number is stil somewat 'encouraging' mah; to think half of last mth actually lunar seventh mth leh, not bad liao lor :rolleyes:
tokbooncheng
15-09-09, 22:29
with Marlboro Tan's annoucement of the latest schemes to curb property speculations, think the showroom can close down already as there will be no more suckers who can speculate and buy Centro at $1,200 psf ridiculous pricing !!:scared-4:
Already got 87 suckers liao... not bad already:tongue3:
bargain hunter
15-09-09, 22:32
but still can chicken out mah...hopefully the 87 suckers are wise and dun exercise option. let them malu, centro sales drop to only 9 suckers exercise :ashamed1:
Already got 87 suckers liao... not bad already:tongue3:
bargain hunter
15-09-09, 22:36
so this month 3 weeks of seventh month + govt cooling measures...harder to guess the 4D no. leh. but with Hundred Trees and Interlace, surely won't drop to 3D?!?!?! :D
LOL ... bro, a bit off only lah ... but the number is stil somewat 'encouraging' mah; to think half of last mth actually lunar seventh mth leh, not bad liao lor :rolleyes:
so this month 3 weeks of seventh month + govt cooling measures...harder to guess the 4D no. leh. but with Hundred Trees and Interlace, surely won't drop to 3D?!?!?! :D
Eh, pal .. not so many launches liao mah ... wat do u expect? Well, if juz three digits, then throw in zero to buy 4D lor :D :D
bargain hunter
16-09-09, 13:39
if 3 digits, start saving hard, get ready to buy firesale properties :)
Eh, pal .. not so many launches liao mah ... wat do u expect? Well, if juz three digits, then throw in zero to buy 4D lor :D :D
hmmm .. got firesales anot dunno leh .. but personally dun think so leh .. coz 3 digits cld be less launches. Already in news some property 'guru' already said Q4 is usually a low season mah. Perhaps year-end, most pp busy celebrating festivals like Xmas, etc. etc. July was really a peak with several new launches lah :2cents:
if 3 digits, start saving hard, get ready to buy firesale properties :)
bargain hunter
16-09-09, 16:08
From today's Straits Times,
At some projects, people returned units they intended to buy, possibly because they felt the price was too high or they had problems securing loans. They lose 25 per cent of their deposit in such a situation.
This has occurred at some new launches like Centro Residences in Ang Mo Kio. It sold 87 units as of end-July and another 17 units last month at a median price of $1,231 per sq ft (psf). Total sales now are at only 91, indicating that 13 units have been returned.
So there were 13 sensible people last month. Maybe more will let their options lapse this month. :)
if 3 digits, start saving hard, get ready to buy firesale properties :)
Get ready guys! Firesales on the way !!! Thanks MBT!
From today's Straits Times,
At some projects, people returned units they intended to buy, possibly because they felt the price was too high or they had problems securing loans. They lose 25 per cent of their deposit in such a situation.
This has occurred at some new launches like Centro Residences in Ang Mo Kio. It sold 87 units as of end-July and another 17 units last month at a median price of $1,231 per sq ft (psf). Total sales now are at only 91, indicating that 13 units have been returned.
So there were 13 sensible people last month. Maybe more will let their options lapse this month. :)
This is why I always remind the buyers to be careful before they commit their purchase at this tme....too high already....generally people can't afford to pay the monthly loan.:tsk-tsk:
Why waste your hard earn money...25%...just like that....so wasted....:scared-3:
thomastansb
17-09-09, 03:13
Some use their cock shit brains to think. Chiong like stupid idiots. Cock buyers. AMK 2 rooms high floor close to 1300psf. No view somemore. Track noise is jia lat. Might as well buy Citylights 2 bedders. Just pay a bit more (maybe 1400psf can get you a good unit) but is high floor with complete unblocked seaview. Nearer to city as well. If not for these shit brainers around, how FEO become so big? 1250psf also got people buy :doh:
This is why I always remind the buyers to be careful before they commit their purchase at this tme....too high already....generally people can't afford to pay the monthly loan.:tsk-tsk:
Why waste your hard earn money...25%...just like that....so wasted....:scared-3:
proud owner
17-09-09, 03:47
Some use their cock shit brains to think. Chiong like stupid idiots. Cock buyers. AMK 2 rooms high floor close to 1300psf. No view somemore. Track noise is jia lat. Might as well buy Citylights 2 bedders. Just pay a bit more (maybe 1400psf can get you a good unit) but is high floor with complete unblocked seaview. Nearer to city as well. If not for these shit brainers around, how FEO become so big? 1250psf also got people buy :doh:
for 1300 psf i rather also buy FH Balmeg .. MRT just at foothill or 99 LH Tanglin View ,,,just across Metropolitan for much much lower psf ...
OR even 950 psf for Horizon tower at grangeford ..
for 1300 psf i rather also buy FH Balmeg .. MRT just at foothill or 99 LH Tanglin View ,,,just across Metropolitan for much much lower psf ...
OR even 950 psf for Horizon tower at grangeford ..
Or "Sui Generis @ Balmoral" at $1,260 psf (although that was a bulk purchase). :p
Actually there are so many better things to buy ...
Paying $1,300 psf for Centro is like paying $130,000 for a Toyota Corolla Altis. There are so many better choices of cars if you have $130,000 ...
Or "Sui Generis @ Balmoral" at $1,260 psf (although that was a bulk purchase). :p
Actually there are so many better things to buy ...
Paying $1,300 psf for Centro is like paying $130,000 for a Toyota Corolla Altis. There are so many better choices of cars if you have $130,000 ...
Great analogy. Paying $130,000 for a Thai made car
Right price should be about 800-900 psf given present market
condition...:scared-1:
Right price should be about 800-900 psf given present market
condition...:scared-1:
99LH in HDB heartlands should not be more than $700psf
tokbooncheng
17-09-09, 22:51
Some use their cock shit brains to think. Chiong like stupid idiots. Cock buyers. AMK 2 rooms high floor close to 1300psf. No view somemore. Track noise is jia lat. Might as well buy Citylights 2 bedders. Just pay a bit more (maybe 1400psf can get you a good unit) but is high floor with complete unblocked seaview. Nearer to city as well. If not for these shit brainers around, how FEO become so big? 1250psf also got people buy :doh:
Frankly quite curious what are in the heads of these buyer or are they really damn rich :)
99LH in HDB heartlands should not be more than $700psf
should be like AMK grandeur8...launch at $475 psf
Allessi123
18-09-09, 19:18
ya ...i also also curious how come still got people buy Centro AMK at such an bullish psf prices !!!!!!!!! :scared-4: at the early launch !!!
i tot singporiean are damm good in calculation !! wan cheap wan good loc wan good price blah blah ...
but still go ppl bend down to FEO !! :doh:
Private Residential Units Sold in the Month of August 2009
Project Name ....... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . OCR ....... 17 ......................... 1,289 ........... 1,231 ........... 1,134
Centro seems to be doing well so far.
LH99 OCR developments used to be around 500psf too. Now they are easily 600-700 psf. So maybe this is the new price point?
time to move on liao... now, breakeven cost is not even at $475 for SELETAR!....it's the next gen that really needs to worry abt now.
Those in current gen surfing this forum, are probably rich enough (i'm assuming) for present times HDB already...else wouldnt even be looking at condos.
should be like AMK grandeur8...launch at $475 psf
ya ...i also also curious how come still got people buy Centro AMK at such an bullish psf prices !!!!!!!!! :scared-4: at the early launch !!!
i tot singporiean are damm good in calculation !! wan cheap wan good loc wan good price blah blah ...
but still go ppl bend down to FEO !! :doh:
I think maybe because I sold a shophouse at $1700psf during the property peak in AMK...
Centro seems to be doing well so far.
Are you sure doing well!!!
Only 17 units ........
tokbooncheng
19-09-09, 14:23
Are you sure doing well!!!
Only 17 units ........
Considering the price of 1150psf in AMK... still good IMO :)
FEO strategy is to win most if not all future tender for land and sell them to us at their disgusting pricing. In this way, property hunters will have no choice but forced to accept the price they set. Lets all collaborate and boycott their launches and dont buy so that they can sell nothing. Sooner or later, they will have to bend when they found their cash reserves running out.:cool:
FEO strategy is to win most if not all future tender for land and sell them to us at their disgusting pricing. In this way, property hunters will have no choice but forced to accept the price they set. Lets all collaborate and boycott their launches and dont buy so that they can sell nothing. Sooner or later, they will have to bend when they found their cash reserves running out.:cool:
Support you!
Regulators
19-09-09, 17:54
we cant beat them coz idiot buyers make up the majority. FEO is preying on the stupidity of the general pty buying public so the only way to beat them is thru public educatn
Support you!
FEO strategy is to win most if not all future tender for land and sell them to us at their disgusting pricing. In this way, property hunters will have no choice but forced to accept the price they set. Lets all collaborate and boycott their launches and dont buy so that they can sell nothing. Sooner or later, they will have to bend when they found their cash reserves running out.:cool:
That is why current completed project pricing is affected by future anticipated prices.... replacement theory. If I sell to you at $x... the price must at least try to match the future new property prices.
New land will forever be high if not matching the previous ones... why I say so? cause of government intervention via the reserve pricing system. What the term is reserved for? It means reserved - minimum.
It's controlled and manipulated in that sense.. Take on FE? Not so easy.. and quite likely to fail... it is a big ship where those who needs a roof will commit even though it may be a titanic.
Let the property prices sail away... slowly and gradually... and not to be so 'jerky'. Then everyone will be happier.
LH99 OCR developments used to be around 500psf too. Now they are easily 600-700 psf. So maybe this is the new price point?
Unfortunately this seems to be the case. With high government intervention and the reserved prices as mentioned by condorich, the only way is up.
suddenly mute, no wind no sound
Yes..
I'm already beginning to feel (at least personally) that the price point below is considered fair value :-
1) 600-800psf - Mass market
2) 1200-1400psf - mid-tier
3) > 2000psf - high end..
Yes..
I'm already beginning to feel (at least personally) that the price point below is considered fair value :-
1) 600-800psf - Mass market
2) 1200-1400psf - mid-tier
3) > 2000psf - high end..
I think Hong Leong just disagree with you with their $1,200+ psf in Serangoon Avenue 3.
Beside Centro $1,289 psf, they seems to like Trevista $1,222 psf too.
http://www.businesstimes.com.sg/mnt/static/image/images/topMasthead_small.gif
Serangoon residential site draws 15 bids
Top bid of $221.2m comes from Intrepid Investments, a unit of Hong Leong
The Business Times
Thursday, 8 October 2009
Fierce competition for residential land shows no signs of abating as 15 developers submitted bids for a 99-year-leasehold site in Serangoon Avenue 3.
This is the highest number of bids put in for government residential land so far this year. The last three tenders had drawn 12 to 13 bids each.
The Urban Redevelopment Authority (URA) closed the tender for the Serangoon site yesterday, and the top bid of $221.2 million or $529 psf of gross floor area (GFA) came from Intrepid Investments Pte Ltd, a unit of Hong Leong Holdings.
Tuas Hi-Tech Park Pte Ltd, a Far East Organization unit, came in second with a bid of $195.9 million or $468 psf of GFA. The highest offer was some 13% more than this.
The top bids for the site markedly surpassed property consultants’ predictions – they had expected the numbers to fall closer to $400-$450 psf of GFA.
Other developers which put up offers for the site include Keppel Land, Frasers Centrepoint, Times Properties and Sim Lian Land.
The lowest bid came from Lippo Estates, at $120 million or $287 psf of GFA. The spread between the top and bottom bids was around 84%.
The results show that ‘market sentiments are still very positive’, says Colliers International research and advisory director Tay Huey Ying. They also reflect the attractiveness of the site, she adds.
The plot is next to Lorong Chuan MRT Station and is close to several schools including Australian International School. It is also near Serangoon Gardens and the CTE.
CB Richard Ellis Research executive director Li Hiaw Ho believes the site’s breakeven cost will be around $900-$950 psf. This works out to a selling price of some $1,000-$1,100 psf.
Ngee Ann Polytechnic real estate lecturer Nicholas Mak expects the breakeven cost to reach $950-$990 psf, translating to a selling price of $1,100-$1,200 psf.
Near the site, a 99-year-leasehold condominium, The Springbloom, has seen transactions priced from $633-$706 psf, going by caveats lodged since August.
The Serangoon area is an established residential estate and tends to draw families which would need larger apartments. But some market watchers predict that Hong Leong may work more small units into its project to achieve the estimated selling prices.
Also, the site’s proximity to the MRT station may draw some single professionals or potential landlords who would not mind smaller units, they say.
This is the second government residential land tender to close since the authorities announced several measures to cool the property market last month. There was also aggressive bidding at the previous tender for a residential and commercial plot at the corner of Yio Chu Kang Road and Seletar Road. Twelve bids came in, and the top bid was 35% more than the second.
The Real Estate Developers’ Association of Singapore said last week that it is in talks with URA to seek an increase in the supply of affordable sites outside ‘hotspots’.
I think Hong Leong just disagree with you with their $1,200+ psf in Serangoon Avenue 3.
Beside Centro $1,289 psf, they seems to like Trevista $1,222 psf too.
Haha.. No way am I going to pay $1200psf for a Serangoon condo..
THIS IS CRAZY...
You are a reporter? Can quote me ? :)
Haha.. No way am I going to pay $1200psf for a Serangoon condo..
THIS IS CRAZY...
You are a reporter? Can quote me ? :)
I am Reporter - not a reporter. :D
I know what you mean. They say it is crazy to pay $1,450 for an unit in Guillemard/Geyland too. In the end, within 90 minutes, ...
Regulators
09-10-09, 23:15
1450psf 4 mickey mouse unit near geylang still has low quantum so mickey mouse fans will still cheong. Nobody would pay 1450psf for a 2000sf apartment in guillemard so using psf of a 2xxsf unit is not a gd gauge
I am Reporter - not a reporter. :D
I know what you mean. They say it is crazy to pay $1,450 for an unit in Guillemard/Geyland too. In the end, within 90 minutes, ...
proud owner
09-10-09, 23:16
I am Reporter - not a reporter. :D
I know what you mean. They say it is crazy to pay $1,450 for an unit in Guillemard/Geyland too. In the end, within 90 minutes, ...
actually guys
to me guillemard / geylang is a good lcation
i believe we will see alot of developments there soon .. c'mon govt wont spend money and have a highway there right ?? to facilitate and promote prostitution ??
those old shop houses have HUGE value and potential ...
serangoon ave 3 ?? hahah yes thats too expensive ..
i rather pay 1100 psf for Balmeg (so near to town) than 1400 psf for serangoon ave 3 (near errr ... ? no dont near what ..near CTE maybe)
actually guys
to me guillemard / geylang is a good lcation
i believe we will see alot of developments there soon .. c'mon govt wont spend money and have a highway there right ?? to facilitate and promote prostitution ??
those old shop houses have HUGE value and potential ...
serangoon ave 3 ?? hahah yes thats too expensive ..
i rather pay 1100 psf for Balmeg (so near to town) than 1400 psf for serangoon ave 3 (near errr ... ? no dont near what ..near CTE maybe)
Geylang certain lorongs cannot loan. Few bank willing to loan too.. Maybe 50-60% loan nia..
Got consider there. Prostitution not badly affected even in recession.:D
Regulators
09-10-09, 23:25
what is the correlation betwn loan eligibility n places of vice? R banks afraid owners who live there contract aids n later default on loan?
Geylang certain lorongs cannot loan. Few bank willing to loan too.. Maybe 50-60% loan nia..
Got consider there. Prostitution not badly affected even in recession.:D
proud owner
09-10-09, 23:26
Geylang certain lorongs cannot loan. Few bank willing to loan too.. Maybe 50-60% loan nia..
Got consider there. Prostitution not badly affected even in recession.:D
its a stigma ... but when the whole area is cleaned up .. geylang is a very good location ..
hopefully when that happens ..they move the red latern but keep the good food ...
proud owner
09-10-09, 23:27
what is the correlation betwn loan eligibility n places of vice? R banks afraid owners who live there contract aids n later default on loan?
ahhaha
banks wont know if you buy to stay or to continue and flourish the business ... they dont really want to be known to be financing vices
Regulators
09-10-09, 23:29
u hv mentioned there is a stigma so it doesnt matter how they clean up, geylang will always naturally be linkd to vice
its a stigma ... but when the whole area is cleaned up .. geylang is a very good location ..
hopefully when that happens ..they move the red latern but keep the good food ...
what is the correlation betwn loan eligibility n places of vice? R banks afraid owners who live there contract aids n later default on loan?
Maybe banks are concern,if any of properties were upz for auction. None takers for these red district area.
*Even numbers lorongs are tougher to loan, only odd numbers lorong no problem
Regulators
09-10-09, 23:37
thats new to me thx 4 sharing. I didnt knw odd and even number lor can affect loan. Do okts target only even number lor?
Maybe banks are concern,if any of properties were upz for auction. None takers for these red district area.
*Even numbers lorongs are tougher to loan, only odd numbers lorong no problem
thats new to me thx 4 sharing. I didnt knw odd and even number lor can affect loan. Do okts target only even number lor?
I viewed some units there,agents being straight forward. TOld me there be an issue with loan,on the even nos lorong.
Odd no lorong no problem. The banks just wan stay away the HOT AREAS, just in case auction for these units. There be lesser takers. Or the auction price lower than the default mortgage loan amount.
But still is FH,Near city,and rental is good.
Few weeks there a unit sold at 430k, rental for 3k. Why not.
proud owner
09-10-09, 23:48
I viewed some units there,agents being straight forward. TOld me there be an issue with loan,on the even nos lorong.
Odd no lorong no problem. The banks just wan stay away the HOT AREAS, just in case auction for these units. There be lesser takers. Or the auction price lower than the default mortgage loan amount.
But still is FH,Near city,and rental is good.
Few weeks there a unit sold at 430k, rental for 3k. Why not.
very good return ..
a 1500 sqft in dist 9 pacific mansion priced at 1.5 mio at least rental only 4.8k
very good return ..
a 1500 sqft in dist 9 pacific mansion priced at 1.5 mio at least rental only 4.8k
I had frzs bought neptune court 1.2m,rental 2.5k. Barely can cover the mortgage. And its LH, further more enbloc chance are far away. As part of some land belong to some government state land..smthing like that.
Each unit need to fork out 144k, to buy over the LJ land. In order to proceed for enbloc.
*did i missed out any impt pts,thats as far i know
http://www.theedgesingapore.com/images/logo_s.png
Prices of Nuovo EC cross $600psf on 'Centro-effect'
The Edge
Monday, 5 October 2009
There’s been a spurt in sales at Nuovo in Ang Mo Kio recently, after the executive condominium (EC) crossed the five-year minimum-occupation period. Seven units changed hands from Sept 4 to 11, according to caveats lodged with URA Realis. In 2006 and 2008, there was only one transaction each, and two deals in 2007. Owners who sold recently are taking advantage of the “Centro-effect”, caused by the launch of giant property developer Far East Organization’s 329-unit Centro Residences in Ang Mo Kio Avenue 8. Units there have been sold at an average of $1,179 psf from its launch in August to Sept 11, according to figures from URA Realis. Between Sept 4 and 11, an 893 sq ft unit sold for $1.07 million, or $1,199 psf.
Given that it’s a private condominium, Centro Residences doesn’t have the same restrictions that Nuovo, an EC, has. Under HDB rules, owners of ECs are only allowed to sell their units to Singapore citizens or permanent residents five years after the project receives Temporary Occupation Permit (TOP), which, for the 297-unit Nuovo, was in 2004. It’s only 10 years after TOP that units in ECs can be traded like any other private condominium in the resale market, with sales to foreigners allowed as well.
However, the owners of Nuovo should be delighted at transaction prices in the range of $477 to $637 psf, as they are the highest achieved since the property was launched at end-2001. Prices at that time were hovering at $400 psf.
For instance, a 1,119 sq ft unit on the ninth floor went for $710,000, or $634 psf. This is a gain of 52% for the original owner, who had purchased it from developer City Developments Ltd (CDL) for $467,276 in 2002. A larger unit on the 17th floor went for $1.2 million, or $477 psf. The 2,594 sq ft condominium was purchased for $812,746 in 2001.
Other condominiums along Ang Mo Kio Avenue 9 have also benefited from the Centro effect, with a unit at Far Horizon Gardens, a condominium completed in the 1980s, changing hands in the resale market at $508 psf last month, the highest price psf achieved in the project this year.
Sellers are also benefiting from the recovery in the residential sector, which saw a marked 15.9% jump in the 3Q residential price index — the largest q-o-q increase seen in the index since 1981, according to URA’s 3Q flash estimate last week. As a result of this big increase, the 3Q price index is now 5.1% below that in 4Q2008 even though it registered a total decline of 18.1% in the first two quarters of 2009. The residential price index is more or less at the levels seen in 2Q2007.
I had frzs bought neptune court 1.2m,rental 2.5k. Barely can cover the mortgage. And its LH, further more enbloc chance are far away. As part of some land belong to some government state land..smthing like that.
Each unit need to fork out 144k, to buy over the LJ land. In order to proceed for enbloc.
*did i missed out any impt pts,thats as far i know
Neptune court belongs to MOF and not HDB.
MOF, unlike HDB, is not in the business of making millionaires out of heartlanders. :spliff:
I had frzs bought neptune court 1.2m,rental 2.5k. Barely can cover the mortgage. And its LH, further more enbloc chance are far away. As part of some land belong to some government state land..smthing like that.
Each unit need to fork out 144k, to buy over the LJ land. In order to proceed for enbloc.
*did i missed out any impt pts,thats as far i know
given the prospect of successful enbloc is slim and yield is non existent, why do buyers pay such a high price?
given the prospect of successful enbloc is slim and yield is non existent, why do buyers pay such a high price?
Even if enbloc is there, how much can you get? I know of a case in Finland Gardens, owner paid $1.2m in 1996, enbloc negotiation in 2008 only $1.28 m, no profit at all, in fact such buyers rather no enbloc.
given the prospect of successful enbloc is slim and yield is non existent, why do buyers pay such a high price?
Heard NC was offered enbloc @2.4 mil for a unit during the 2007/8. Not sure this refers to big or small units.
Just based on hearsay, so far from 2 persons quoting the same figure.
Definitely a negative point with land belongs to someone else like MOF and not URA. The consolation, at least the land does not belongs to FEO. :D
Even if enbloc is there, how much can you get? I know of a case in Finland Gardens, owner paid $1.2m in 1996, enbloc negotiation in 2008 only $1.28 m, no profit at all, in fact such buyers rather no enbloc.
They wanted to try their luck for the enbloc jackpot. Given budget of 1.2m can just jolly get 2-3unit of 400k-600k sururban condos with rental more that 2.5k. Ard 5k. or more..
Plus just wait for the rally in capital appreciation.
Than to get stuck in a situation.
Private Residential Units Sold in the Month of September 2009
Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . OCR ........ 91 ............................ 4 ............................... 1,250 ............ 1,184 ............ 1,178
Err ... missed August's high of $1,289 psf by $39 psf leh.
This one hanta taki already ah?.. no news liao...
really interested to know how those buyers feeling now
bargain hunter
15-10-09, 22:00
With the residential market picking up strongly, Far East Organization yesterday said it had decided to launch Centro Residences in Ang Mo Kio in phases over the next three years.
The reason, it said, was the Government’s plan to rejuvenate Ang Mo Kio into a vibrant town. “We see vast potential for the enhancement of real estate values in this area,” Far East said in a statement.
So far, it has sold about 65 per cent – or 93 of the 144 units launched – of phase one since a preview last week.
Source : Today – 4 Aug 2009
According to URA data, in July it sold total of 93. In August, after selling a further 17 units, total sold is 91. That means 19 units were returned. In Sep, after selling a further 4 units, total is still 91. That means 4 more units were returned in Sep. So you are right about Hanta Kaki. Actually no, sales can actually go backwards. LOL! We know the 23 who returned the units must feel miserable...hmm...maybe not, only lost 1.25%. But really wonder how the 91 remaining owners are feeling with the project moving like that.
This one hanta taki already ah?.. no news liao...
really interested to know how those buyers feeling now
proud owner
15-10-09, 22:05
With the residential market picking up strongly, Far East Organization yesterday said it had decided to launch Centro Residences in Ang Mo Kio in phases over the next three years.
The reason, it said, was the Government’s plan to rejuvenate Ang Mo Kio into a vibrant town. “We see vast potential for the enhancement of real estate values in this area,” Far East said in a statement.
So far, it has sold about 65 per cent – or 93 of the 144 units launched – of phase one since a preview last week.
Source : Today – 4 Aug 2009
According to URA data, in July it sold total of 93. In August, after selling a further 17 units, total sold is 91. That means 19 units were returned. In Sep, after selling a further 4 units, total is still 91. That means 4 more units were returned in Sep. So you are right about Hanta Kaki. Actually no, sales can actually go backwards. LOL! We know the 23 who returned the units must feel miserable...hmm...maybe not, only lost 1.25%. But really wonder how the 91 remaining owners are feeling with the project moving like that.
maybe the 91 owners are staffs of FEO ???
bargain hunter
15-10-09, 22:11
cannot be, FEO staff how can let their options expire?! at most the first 74 buyers are FEO staff. but the 4 returned and 4 sold in Sep is such a fishy number. So add it in, 78 FEO staff, 13 genuine buyers. :)
maybe the 91 owners are staffs of FEO ???
http://nosheteria.com/uploaded_images/SourGrapesCluster-784575.jpg http://www.justsharethis.com/wp-content/uploads/2009/09/1NgTengFong3.jpg
proud owner
15-10-09, 22:29
http://nosheteria.com/uploaded_images/SourGrapesCluster-784575.jpg http://www.justsharethis.com/wp-content/uploads/2009/09/1NgTengFong3.jpg
who is that ??
who is that ??
Mr Ng Teng Fong, the man, and his dessert.
tokbooncheng
16-10-09, 21:35
who is that ??
Richest man in Singapore!
Property_Owner
16-10-09, 21:45
who is that ??
http://www.forbes.com/lists/2007/79/biz-cz_07singapore_Ng-Teng-Fong_QUOZ.html
Property_Owner
16-10-09, 21:48
Richest man in Singapore!
http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Ng-Teng-Fong-family_QUOZ.html
World #87. Sweet:spliff:
Err ... missed August's high of $1,289 psf by $39 psf leh.
Aiyoh!
Still missed August's high of $1,289 psf leh.
This time by $60 psf.
Private Residential Units Sold in the Month of October 2009
Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . RCR ........ 94 ............................ 4 ............................... 1,229 ............ 1,217 ............. 1,134
Gosh.. Am I missing something here...
Here I am complaining about a FH landed at $1000psf in seletar as being overvalued ... but someone is so happy to snap up a 99LH condo for $1200++...
Gosh.. Am I missing something here...
Here I am complaining about a FH landed at $1000psf in seletar as being overvalued ... but someone is so happy to snap up a 99LH condo for $1200++...
Location, location, location. There are plenty of FH condos in Upper Bukit Timah Rd and Upper Serangoon Rd that are priced below $800psf. If you are buying a LANDED property in Seletar, $1k psf is definitely overpriced. Landed is always cheaper than condo in the same location on a psf basis.
Location, location, location. There are plenty of FH condos in Upper Bukit Timah Rd and Upper Serangoon Rd that are priced below $800psf. If you are buying a LANDED property in Seletar, $1k psf is definitely overpriced. Landed is always cheaper than condo in the same location on a psf basis.
Thanks.. will take a look at those. ..though preference is serangoon gardens and seletar hills for now
proud owner
17-11-09, 00:36
Location, location, location. There are plenty of FH condos in Upper Bukit Timah Rd and Upper Serangoon Rd that are priced below $800psf. If you are buying a LANDED property in Seletar, $1k psf is definitely overpriced. Landed is always cheaper than condo in the same location on a psf basis.
like you said ...location location location
upp bkt timah ??? hillview-ish area ?
thats dist 23 i think ...
you think that location better than balestier ? if yes then you should buy there ..
and yes landed there is cheap too ...
proud owner
17-11-09, 00:38
Thanks.. will take a look at those. ..though preference is serangoon gardens and seletar hills for now
between the 2 i would choose seletar hill est ...
serangoon gardens ..so so cramp ..tiny lanes ...
cant get a seat at the old fame CHomp chomp ..
potential workers quarter ...
Seletar hill ...serene ... peaceful .. prata ...
proud owner
17-11-09, 03:35
Gosh.. Am I missing something here...
Here I am complaining about a FH landed at $1000psf in seletar as being overvalued ... but someone is so happy to snap up a 99LH condo for $1200++...
by the way ..who told you taht 1000 psf is expensive for seletar hill ?
you have to look at the condition of the house ..
for the old / original ..thats 600 psf (land) ..if it is brand new or 1-2 yr old .. you have to take into consideration the construction cost of 250-350 psf
so that makes it close to 1000 psf ..
otherwise you go buy the original 30 yr old house on a FH land and pay 600 psf and rebuild it yourself ..
the cost all in will still be 600+(250-350 psf) = 850-950 psf ...
not forgetting kitchen appliances, lightings etc are not included in construction cost
by the way ..who told you taht 1000 psf is expensive for seletar hill ?
you have to look at the condition of the house ..
for the old / original ..thats 600 psf (land) ..if it is brand new or 1-2 yr old .. you have to take into consideration the construction cost of 250-350 psf
so that makes it close to 1000 psf ..
otherwise you go buy the original 30 yr old house on a FH land and pay 600 psf and rebuild it yourself ..
the cost all in will still be 600+(250-350 psf) = 850-950 psf ...
not forgetting kitchen appliances, lightings etc are not included in construction cost
The banks valuation is $1.8mil to $2mil versus the asking price of $2.4mil (even when i told the bank it is new).. So i guess it is a bit overpriced? I
Anyway, another property which is new but with 4000sqft land is going for $2.8mil (which is around $700-800psf).. also seletar hills. That's why now i move my target up to 2.8mil .. I rather pay mor to guarantee a profit at the time of purchase .. 700psf.. how to lose money.. :) But still looking around.. it's for staying.. my parents are the one who decidewhere to live..
like you said ...location location location
upp bkt timah ??? hillview-ish area ?
thats dist 23 i think ...
you think that location better than balestier ? if yes then you should buy there ..
and yes landed there is cheap too ...
You missed the point. I am not recommending people to buy in Upper Bkt Timah area. I was responding to PP who asked why anyone would pay $1200psf for 99yr condo next to AMK MRT station compared to a 1,000psf FH property in the middle of nowhere. My answer is location. FH status is not everything. If it were, then FH condos in Upper Bkt Timah wldn't be so 'cheap'.
$1000psf for landed property in Seletar is definitely overpriced. No need to argue about it. Check URA website. The facts are there.
danieltangtc
06-12-09, 03:04
still reckon centro is overpriced.
For 1200psf, you may as well get freehold D10 (more central location) at holland, mount sinai area. Relatively new developments. New devs in the area would include Lush@holland, Parvis, 6th Ave residences...to name a few...
Private Residential Units Sold in the Month of November 2009
Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . RCR ........ 98 ............................ 4 ............................... 1,272 ............ 1,215 ............. 1,144
What a waste!
CR missed August's high of $1,289 psf by just $17 psf!
Regulators
15-12-09, 23:51
people who buy CR are stuck for good with their units unless they sell at a loss. 99yr leasehold also a depreciating asset for areas not considered prime.
What a waste!
CR missed August's high of $1,289 psf by just $17 psf!
Eldenfirefly
22-12-09, 11:54
sorry wrong post
Private Residential Units Sold in the Month of December 2009
Project Name ...... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . OCR ....... 100 ...................... 2 ........................... 1,237 ........... 1,193 ........... 1,149
Can't break August's high of $1,289 psf.
tokbooncheng
17-01-10, 08:26
Can't break August's high of $1,289 psf.
Maybe on the next up cycle....:)
Anyway FE can always rents out all their units even after
the project is ready & sell slowly....
If sell 2 units per month after 10 years also can sell all ma...
cos FE so rich & not listed... no need to answer to shareholders
prices all falling below 1000psf when you do a search on google...
http://centroresidences.com/
http://www.iproperty.com.sg/propertylisting/773053/Centro_Residences-Condominium-ForSale
the reversal has come? :scared-3:
Dun think FE will cut prices. Guess they rather have centro be a slow sell rather than sell out and see others flip and earn "their" margin.
Dun think FE will cut prices. Guess they rather have centro be a slow sell rather than sell out and see others flip and earn "their" margin.
Haha correction I think imo it souhld be:
Guess they rather have centro be a no sales rather than sell out and see others flip and earn "their" margin.
Amaze how some of their condos like rafflesia almost 10yrs still not sold out?
prices all falling below 1000psf when you do a search on google...
http://centroresidences.com/
http://www.iproperty.com.sg/propertylisting/773053/Centro_Residences-Condominium-ForSale
the reversal has come? :scared-3:
Centro Residences has launched for quite some time now and yet these 2 websites are still talking about preview?
Are you posting these 2 not-updated/outdated websites to imply that URA lied in their data?
I suggest you think carefully before you answer. It has very serious implication.
don't scare our friend la, anyway, maybe these 2 guys are tell you whether the prices are coming down since they're advertising at prices below the norm:
http://www.propertyguru.com.sg/listing/619486/for-sale-centro-residences
http://www.propertyguru.com.sg/listing/525256/for-sale-centro-residences
Centro Residences has launched for quite some time now and yet these 2 websites are still talking about preview?
Are you posting these 2 not-updated/outdated websites to imply that URA lied in their data?
I suggest you think carefully before you answer. It has very serious implication.
LOL. :D I did not imply anything, you did - I suggest also you think carefully before you answer then.
Go Google Centro Condo and this 2 websites appear on main page.
My suspicion is that if you care so much, and keep posting psf drops and increases on other threads, you are probably another of those agents who represent Centro and other properties - nice try but sorry I don't think anyone is going to bite. :beats-me-man:
http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Ng-Teng-Fong-family_QUOZ.html
World #87. Sweet:spliff:
I think Mr Ng has just passed away at 81.
think they are really trying to move units at Centro..
just got a letter from FEO inviting all to Centro to attend a Fengshui talk..
and the letter talks about how amk have been transforming into a vibrant town...
so i guess the fengshui master will be talking about the fengshui features of amk to push sales
Missed August 2009 all-time high of $1,289 psf by $56 psf.
Private Residential Units Sold in the Month of January 2010
Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . OCR ....... 107 ...................... 7 ........................... 1,233 ............ 1,170 ........... 1,164
Heard that price is going to increase on 1st march, anyone to confirm? :scared-4:
Heard that price is going to increase on 1st March, anyone to confirm? :scared-4:
I guess the two of you will have to ask FEO.
I heard FEO is upping the price of The Shore ... Is this true ?
Any agents here to shed some light ?
There will be a price increase all across the island, if you still in 2008/2009 mood, please look at the prices all other developers is pushing.
Contact me 91881715 for an non-obligation equiries.
Centro Residences missed its all-time hďgh of $1,289 psf.
Private Residential Units Sold in the Month of February 2010
Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . OCR ....... 112 ...................... 5 ........................... 1,223 ........... 1,220 ........... 1,161
gosperence
16-03-10, 15:17
Wow...can't believe FEO still able to sell 5 units in Feb. I passed thru almost daily showroom so quiet. Heard this project is 57% sold last month.
Wow...can't believe FEO still able to sell 5 units in Feb. I passed thru almost daily showroom so quiet. Heard this project is 57% sold last month.
where got 57% ? more like 34%: (112 over 329 total, although FEO can claim "not all released")
Personally I find the showroom is really a failure. It doesn't give u the urge to buy. Had the showflat been as impressive as The Vision, it would probably have done better
Means doing up the show-flat with marbles everywhere (except in the brochure)?
What other branded stuffs they use in show-flat? (sorry, didn't view the show-flat, only heard from friends about the marbles but when they asked the agent, agent said marbles not included).
where got 57% ? more like 34%: (112 over 329 total, although FEO can claim "not all released")
Personally I find the showroom is really a failure. It doesn't give u the urge to buy. Had the showflat been as impressive as The Vision, it would probably have done better
Development on small land...
http://www.goimageshare.com/out.php/i32347_Centro.jpg
Private Residential Units Sold in the Month of March 2010
Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . OCR ...... 113 ....................... 3 ........................... 1,282 ........... 1,253 ........... 1,194
Going-6-year-old Nuovo EC has a nëw hďgh of $692 psf!
When will this old EC reach $700 psf?
Nuovo
Address ................................... psf ............ Area .......... Price .......... Contract Date
25 Ang Mo Kio Avenue 9 #15-15 .... $692 psf .... 1,119 sqft .... $775,000 .... 26 Mar 10
shauntanzs
17-04-10, 20:39
Hi reporter, where did u get these info from?
Heard about Centro but not really bother the location until I passed by today via MRT.
Noticed it is next to the bus interchange. Well. good luck to all buyers if you want to wake up early - even on weekends. The buses will definitely help you if you are an early bird.
:scared-1: :sleep:
Going-6-year-old Nuovo EC has a nëw hďgh of $692 psf!
When will this old EC reach $700 psf?
Nuovo
Address ................................... psf ............ Area .......... Price .......... Contract Date
25 Ang Mo Kio Avenue 9 #15-15 .... $692 psf .... 1,119 sqft .... $775,000 .... 26 Mar 10
Bishan Loft almost 8yrs resale around 800psf already....
Oh! By the way, our favourite OCR $1,200+ psf Club may need to be renamed to OCR $1,300+ psf Club soon!
If there indeed is a name change, we hope to see The Vision, Horizon Residences and Centro Residences joining its pioneer members, The Rochester, Siglap V and Residences Botanique, soon. Others are welcomed!
It is very easy to join. You just need to be a OCR and hit above $1,300 psf.
For your info, we are in the midst of preparing a new club called EC $700+ psf Club.
You became the first OCR condo to consistently hit above $1,200 psf on a monthly basis and also setting the iconic $1,289 psf. Instead of enjoying appreciation and praises for your great effort, you were being mocked at and insulted at. You hanged on because you know the disbelivers were so foolish and so wrong! They have no idea that your ultimate aim is joining the OCR $1,300 psf+ Club - not some ordinay OCR $1,200+ Club.
Well congratulations! You have proven these disbelievers were fools by joining the OCR $1,300 psf+ Club with a nëw hďgh of $1,325 psf!
Private Residential Units Sold in the Month of April 2010
Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . OCR ....... 116 ...................... 3 ........................... 1,325 ........... 1,256 ........... 1,256
so long did'nt hear news on centro le. just curious hows the sales now?
It's at an excellent location. But project really tests the price limit for LH. I doubt if there is any investment value and rather risky with long term exposure. It just take anytime for the market may pull back and the bank may call for top-up. Buyer better keep some cash buffer or liquid asset. Just my take.
i used to think suburban Centro was a real stretch at 1250-1300psf. the buyers of Waterbank for reasons known only to themselves, took that perception of benchmarks for suburban development, and blew it right out of the water.
Going-6-year-old Nuovo EC has a nëw hďgh of $698 psf!
When will this old EC clear the $700-psf hurdle?
Nuovo
Address ................................... psf ............ Area .......... Price ............ Contract Date
23 Ang Mo Kio Avenue 9 #07-08 .... $698 psf .... 1,550 sqft .... $1,082,000 .... 20 May 10
for Resale EC's, Look at new ECs island wide... plus some premium for better locations. Age does not matter in LH99 properties except when it is too old such as less than 30 years lease?
EC is a good choice for entry level investors. Lower quantum and better chances of becoming a winner.
for Resale EC's, Look at new ECs island wide... plus some premium for better locations. Age does not matter in LH99 properties except when it is too old such as less than 30 years lease?
EC is a good choice for entry level investors. Lower quantum and better chances of becoming a winner.
What do u think of bishan loft? Bad quality bad design excellent location. Good buy?
Contradictory statements :doh:
If age does not matter in LH99 properties, why it cannot be older than 59 years old? :p
Even when the LH99 is 30 years old, I doubt buyers can easily find banks to finance the purchase. :simmering:
for Resale EC's, Look at new ECs island wide... plus some premium for better locations. Age does not matter in LH99 properties except when it is too old such as less than 30 years lease?
EC is a good choice for entry level investors. Lower quantum and better chances of becoming a winner.
devilplate
20-07-10, 09:44
i used to think suburban Centro was a real stretch at 1250-1300psf. the buyers of Waterbank for reasons known only to themselves, took that perception of benchmarks for suburban development, and blew it right out of the water.
den how come D8 and D5(jus to name a few) ppty can hit more den 1300psf? ur comments sounds funny:D
Contradictory statements :doh:
If age does not matter in LH99 properties, why it cannot be older than 59 years old? :p
Even when the LH99 is 30 years old, I doubt buyers can easily find banks to finance the purchase. :simmering:
Who needs the bank? When they don't need the bank, they can do magic.
Age really don't matter lah... it only matters to those who needs loans.
Contradictory statements :doh:
If age does not matter in LH99 properties, why it cannot be older than 59 years old? :p
Even when the LH99 is 30 years old, I doubt buyers can easily find banks to finance the purchase. :simmering:
Who needs the bank? When they don't need the bank, they can do magic.
Age really don't matter lah... it only matters to those who needs loans.
What do u think of bishan loft? Bad quality bad design excellent location. Good buy?
Totally agree... really bad small corridor... get a real beating from rain... and you have floods in front of your door hahahah
Location is good....
Design so so...
I would think that it is not worth to buy now. Its a great deal in 04/05's... but well, all can say so on hinesight. Missed the boat in a rising tide? Don be too eager to jump in on a subsiding tide.
Regulators
20-07-10, 14:29
there are practically no listings for any 1119sf units at Nuovo, have you come across any so far?
Going-6-year-old Nuovo EC has a nëw hďgh of $698 psf!
When will this old EC clear the $700-psf hurdle?
Nuovo
Address ................................... psf ............ Area .......... Price ............ Contract Date
23 Ang Mo Kio Avenue 9 #07-08 .... $698 psf .... 1,550 sqft .... $1,082,000 .... 20 May 10
25 Ang Mo Kio Avenue 9 #15-16
99 Yrs From 02/05/2001
$717
1119
$803k
15 Jun 10
Done deal there.
At least 2 1119 available for rent at property guru. One unit is available for sale at valuation price at $780k. "Faster Grabbb" hahaha.
the facing for the 1119sqft units are the poorer ones.
where are they facing? west sun?
the facing for the 1119sqft units are the poorer ones.
Recently Centro release high floor units
(above 28) ... anyone know the price?
20 Nov 2011 :beats-me-man:
20 Nov 2011 :beats-me-man:
Didn't realize centro was that broad when position with grandeur 8 in the view.
AMK is starting to look like toa payoh with all the ultra high rise building popping up everywhere.
:beats-me-man:
There are plenty of slab blocks to SERS in AMK...
CENTRO RESIDENCES ANG MO KIO AVENUE 8 Condominium1 1,839,150 1,206 Strata 1,526 Oct-11
CENTRO RESIDENCES ANG MO KIO AVENUE 8 Condominium1 1,338,880 872 Strata 1,536 Oct-11
:scared-3:
1500 for amk pte condo? That takes the cake. So much is Capitaland selling their bedok MRT project?
FEO must be giggling to themselves having seen the queues at bedok.
Passed by on mrt and took quick snap...
Update 6th March 2012. :)
Update 6th March 2012. :)
Today bro venture to the North ey...
Eldenfirefly
06-03-12, 16:53
So Sky Habitat will sell 1600 psf? :eek:
Just like Bedok Residence, Centro is facing the mrt track. Bishan mrt track at Sky Habitat is at least in a tunnel.
Update 6th March 2012. :)
Just like Bedok Residence, Centro is facing the mrt track. Bishan mrt track at Sky Habitat is at least in a tunnel.
but even with the noise and vibrations and dust, this has passed 1500psf already...
Sky Habitat, with circle line and proper mall would seem a steal at 1600psf :eek:
Update 28th March 2012. :)
The showroom has just been demolished.
The site sign still says "more than 80% sold".
I guess it is almost sold out.
I can still remember when this AMK project was selling at S$1000 psf, many of us (including me) was predicting buyers would be burnt.
Now Bishan S$1700 psf, some of us (me included again) predict the buyers will be burnt.
Will we get it wrong again this time?
Thanks,
Richard
bargain hunter
27-06-12, 21:51
was it ever 1000psf? i was of the impression it was 1300psf, that's why we said overpriced. :ashamed1: if it was indeed 1300psf, then upside was still not so fantastic afterall.:D
The showroom has just been demolished.
The site sign still says "more than 80% sold".
I guess it is almost sold out.
I can still remember when this AMK project was selling at S$1000 psf, many of us (including me) was predicting buyers would be burnt.
Now Bishan S$1700 psf, some of us (me included again) predict the buyers will be burnt.
Will we get it wrong again this time?
Thanks,
Richard
bargain hunter
27-06-12, 22:01
FROM 1150psf
"the 329-unit Centro Residences (http://luxuryasiahome.wordpress.com/2009/07/20/centro-ang-mo-kio/) in Ang Mo Kio apparently attracted more than 80 buyers, even though it is priced at $1,150 psf and above – levels more suitable for prime or city-fringe projects."
that's all that was mentioned in today's straits times.
FROM 1150psf
after all the discounts i recall it was around 1000psf...but those were not the premium units...
The showroom has just been demolished.
The site sign still says "more than 80% sold".
I guess it is almost sold out.
I can still remember when this AMK project was selling at S$1000 psf, many of us (including me) was predicting buyers would be burnt.
Now Bishan S$1700 psf, some of us (me included again) predict the buyers will be burnt.
Will we get it wrong again this time?
Thanks,
Richard
I tot it was the CEO who got burnt?
CENTRO RESIDENCES ANG MO KIO AVENUE 8 Condominium 1 2,180,000 1,281 Strata 1,702 May-12 CENTRO RESIDENCES ANG MO KIO AVENUE 8 Condominium 1 2,018,600 1,281 Str:doh:ata 1,576 May-12
CENTRO RESIDENCES ANG MO KIO AVENUE 8 Condominium 1 2,180,000 1,281 Strata 1,702 May-12 CENTRO RESIDENCES ANG MO KIO AVENUE 8 Condominium 1 2,018,600 1,281 Str:doh:ata 1,576 May-12
The recent few are all high floors. I never thought they could pull it off.
FEO project is powerful.
The recent few are all high floors. I never thought they could pull it off.
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