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vinc1281
30-06-09, 02:27
Hi fellow forumers

Drove past AMK MRT today and saw a plot of land for a new project ~ Centro! :scared-4:

In a mature estate like AMK, just across AMK MRT along the same road as Grandeur8.

Anyone care to enlighten on this project? saw that showroom are almost up. Did a search but there was nothing. :D

proud owner
30-06-09, 02:33
Hi fellow forumers

Drove past AMK MRT today and saw a plot of land for a new project ~ Centro! :scared-4:

In a mature estate like AMK, just across AMK MRT along the same road as Grandeur8.

Anyone care to enlighten on this project? saw that showroom are almost up. Did a search but there was nothing. :D

if i am not wrong its FAR EAST project ...

sometime in 2007 they bought that piece of land at pretty high price and i remember their spokewoman said that they were confident they can sell the ready condo at above 1000 psf ...

gohsoonk
30-06-09, 10:02
if i am not wrong its FAR EAST project ...

sometime in 2007 they bought that piece of land at pretty high price and i remember their spokewoman said that they were confident they can sell the ready condo at above 1000 psf ...

Hmm...1000 psf. Sounds like a heady figure for me. At today prices, it has to be between 800psf - 850psf.

2004civic
11-07-09, 17:24
I hear that Far East is launching this project in a few weeks, prices start from $900 psf. Good for the area and surrounding Bishan and Upper Thomson as a whole.

Honesty
11-07-09, 17:50
I hear that Far East is launching this project in a few weeks, prices start from $900 psf. Good for the area and surrounding Bishan and Upper Thomson as a whole.

If I remember correctly Far East break even price around $950 psf, I guess they will launch at $1,100 psf.

Anyway, this is a good location, maybe can sell at that price.

mogyi
13-07-09, 10:34
If I remember correctly Far East break even price around $950 psf, I guess they will launch at $1,100 psf.

Anyway, this is a good location, maybe can sell at that price.

really? with granduer 8 resale tranasacting at 5xx - 6xx psf,
this one worth 1100? AMK boleh!

stanchan
14-07-09, 11:07
It is a 0.6 Ha plot of land ~ 65,000 SqFt. To give you a better perspective, Clover at Bishan stands on 235,000+ SqFt of land. Kovan Residences stands on 190,000+ SqFt.

CBD-type premium housing has finally arrived in the heartlands!

I am curious about the appeal of such developments being very close to commercial/transport hubs. A close reference would be The Compassvale in Seng Kang - it is directly above Compasspoint/MRT station/Bus interchange. But prices are transacting at 450-500+ psf. Perhaps the relatively crowded and noisy environment + lack of privacy from the above-ground LRT station are deemed as disadvantages. We should see more of such projects coming - thought there is a plot above Bishan MRT too.

But still, somehow I believe that this development will still draw buyers with very small units and good marketing. Any thoughts?

blueb
18-07-09, 11:57
It is a 0.6 Ha plot of land ~ 65,000 SqFt. To give you a better perspective, Clover at Bishan stands on 235,000+ SqFt of land. Kovan Residences stands on 190,000+ SqFt.
..... But still, somehow I believe that this development will still draw buyers with very small units and good marketing. Any thoughts?
Agreed, the draw will be there and in this supposedly "upbeat" sentiment environment, there will be many buyers with herd / speculative mentality.

Saw some advertisements already - prices from $1000 psf and $8xx upwards per unit (smaller ones). I predict a good take-up rate notwithstanding the very high prices wrt Grandeur 8 for example

cndomay
20-07-09, 21:14
CENTRO@ANG MO KIO
- Total 329 Units
- 3 Towers
- 12 Stacks each Tower
- 2/3/4 Bedrooms + Penthouses
- Floor Size range from 775 - 1025 sqft

What is so UNIQUE about the project?
- 50m Lap Pool is located on the 6th floor
- Aqua Chair and sofa jacuzzi
- Dinning Pavilions and Dinning Deck
- Spa Pavillions with Private Jacuzzi


What else?
- AMK Hub
- AMK MRT
- AMK Library
- Wet/Dry Market Nearby
- Good Schools (St.Nicholas School / Anderson JC , Nanyang Polytechnic)

VVIP preview on 24th July 2009.

propertysale01
21-07-09, 00:38
Centro Residences:
Downtown living in the heart of Neighborhood.

http://img188.imageshack.us/img188/5126/95479275.jpg

Relish the beat and pulse of the downtown.

A rare find that understands the urban dwellers who yearn to detach from the hectic and stressful city living into the more natural suburb, but never quite relish fully tearing themselves away from the conveniences and comfort of downtown city.

Well located in the heart of AMK Central, next to it lies bustling key transport node and commercial hub. Residences are enthralled to find themselves in the centre of the action.

Discover the Style and Prestige of modern living.
Filled yourself with endless possibilities and take pleasure for various social events right in the comforts of your unit. Transform it into a tropical private sanctuary for intimate family dining and lounging.

Take pride in the spectacular views of the lush park of Ang Mo Kio Garden East or the breathtaking panorama of the city skyline, right at your Verandah.

A diversified living for younger upgraders and family centric people for exclusivity of product quality and lastly style.

With these exhilaration and excitement, it will be hard to remember you are living in the suburbs.

Get the best of both worlds. Garden and City..the seemingly polarities that complement each other.


Facts:
Project: Centro Residences
Tenure: 99 years
District: 20
Total units: 329 units
Total Storeys: 34
Total stacks: 12
Carparks: 4 storey basement carparks
Tower: 1
Location: 59 Ang Mo Kio Ave 8 (Next to AMK Hub)
Expected TOP: TBA

http://img110.imageshack.us/img110/9121/16530470.jpg

(7th Storey Centro amenities)
1. 50m Lap pool
2. Aqua chair
3. Sofa Jacuuzi
4. Gymnasium
5. Changing Room
6. Lift Lobby
7. Dining deck
8. Dining Villa 1
9. Pool Deck
10. Elemental Spa
11. Dining Villa 2
12. Dining Villa 3
13. Spa Villa 2 with Private Jacuzzi
14. Spa Villa 1 with Private Jacuzzi

http://img8.imageshack.us/img8/9995/76997019.jpg

(33rd Storey Sky Villa)
1. Sun Tanning Deck
2. Pool or Aqua Seat
3. Bar
4. Lounge
5. Toilet
6. Jacuzzi

http://img188.imageshack.us/img188/2035/74977489.jpg


Nearby Amenities:
1. AMK Hub (Cinema, Shopping gallery, Food courts, Fairprice) 3 mins walk
2. AMK MRT 3 mins walk
3. AMK Bus Interchange in AMK Hub 3 mins walk
4. Schools: Jing Shan Primary School, Anderson Secondary School, Anderson Junior College, Nayang Polytechnic etc. (Within 1 km)
5. AMK Library (10 mins walk)
6. Multiple eateries nearby.
7. Courts: Furniture shopping (10 mins walk)

http://img9.imageshack.us/img9/2913/59245253.jpg


PSF: From $1000 onwards
Special Preview launch at end of the month July.
Interested personeel, please hurry.
Available sizes:
2BR | 3BR Compact |3BR |4BR compact
Kindly contact
Aaron | 90287921.
[email protected] ([email protected])
Direct Developer Sales Team:scared-5:

focus
21-07-09, 01:27
This property thing is really getting crazy...
even suburbs are starting to sell FROM $1000 Psf?..
gosh!...

tick
21-07-09, 07:23
Just 1 bus stop away, you have the same 99 year lease Grandeur8 which was launched at $475psf about 6 years ago...now the suburb calls for $1000psf?? Ridiculous pricing :scared-4: :scared-4: :scared-4:

bargain hunter
21-07-09, 10:28
far east mah...wah piang and this is ang mo kio not toa payoh. probably they thought eh, redhill also can 1200psf, ang mo kio 1000psf cheap mah...

cheerful
21-07-09, 12:15
far east mah...wah piang and this is ang mo kio not toa payoh. probably they thought eh, redhill also can 1200psf, ang mo kio 1000psf cheap mah...

LOL .... yalor yalor .. in relative terms only mah hor :D

But wingtai tt one got club hse at the top level .. this one dunno whether got like tt anot leh ... AscentiaSky to see Tanglin or Sentosa/Mt Faber view, this one see AMK Hub izit??
:p

bargain hunter
21-07-09, 13:25
"A diversified living for younger upgraders and family centric people for exclusivity of product quality and lastly style.

With these exhilaration and excitement, it will be hard to remember you are living in the suburbs.

Get the best of both worlds. Garden and City..the seemingly polarities that complement each other."





This one may or may not have the view cheerful mentioned but pay 1000psf you do get an illusion...

cheerful
21-07-09, 14:45
This one may or may not have the view cheerful mentioned but pay 1000psf you do get an illusion...


Yahh ... maybe a mirage on hot & dry days then perhaps can even see fantastic views from far far away :p

Anyway, an agent told me (as part of his job to mkt ASky) that the selling point is if u can imagine hosting parties at the club hse ... marciam like those posh posh clubs ... fwah on top of the world! This one at 1k psf perhaps should consider this kinda concept ;)

propertysale01
21-07-09, 16:31
Yahh ... maybe a mirage on hot & dry days then perhaps can even see fantastic views from far far away :p

Anyway, an agent told me (as part of his job to mkt ASky) that the selling point is if u can imagine hosting parties at the club hse ... marciam like those posh posh clubs ... fwah on top of the world! This one at 1k psf perhaps should consider this kinda concept ;)

Hi Cheerful,

The concept of Centro is somehow derived from the concept of Icon in Tanjong Pagar. With open sky terraces at 33rd floor, you can actually held parties there, in the subhurbs.in the heart of AMK.

If you are interested. Do let me know : Aaron | 90287921.

cheerful
21-07-09, 16:46
Oh, how many 'pockets' of such sky garden/terrace?

sumo22
21-07-09, 17:06
Are we the only ones who are saying $1000psf is crazy? Maybe will be another sold-out like Caspian then we have to shut-up.:banghead:

ozcraze
21-07-09, 17:09
Any floor plan for the units? All come with balcony/PES?

jitkiat
21-07-09, 17:11
Are we the only ones who are saying $1000psf is crazy? Maybe will be another sold-out like Caspian then we have to shut-up.:banghead:
To me, expensive or not based on HDB resale price. AMK 5-year old 118sqm HDB transacted at 600,000 which is about 500psf. They usually take the HDB resale price x 2 as the upper limit of condo price. At 1000psf, it will be more justified if close to MRT or freehold.

qianfugui
21-07-09, 19:04
To me, expensive or not based on HDB resale price. AMK 5-year old 118sqm HDB transacted at 600,000 which is about 500psf. They usually take the HDB resale price x 2 as the upper limit of condo price. At 1000psf, it will be more justified if close to MRT or freehold.

Far East crazy buy highest ppf at Suburb now want to sell 1,000 psf LH at AMK Hub . Plot is not that big also. At 34 storey not the highest dun no can see what City view ... neh Bishan has 40 stys. Toa Payoh Central has a high wall of 15 blocks of 40 storeys . Far East better sell Rafflesia and Bishan 8 first !!!!

This one can wait long long to sell !!! :doh: :doh: :doh: :doh:

Kenshinto80
21-07-09, 20:09
Far East crazy buy highest ppf at Suburb now want to sell 1,000 psf LH at AMK Hub . Plot is not that big also. At 34 storey not the highest dun no can see what City view ... neh Bishan has 40 stys. Toa Payoh Central has a high wall of 15 blocks of 40 storeys . Far East better sell Rafflesia and Bishan 8 first !!!!

This one can wait long long to sell !!! :doh: :doh: :doh: :doh:

Any chance can get it for $850psf 3 bedder?

focus
21-07-09, 20:30
if buying for own stay.. u decide the price..
but if you intend to move house after 5 yrs, please take a look at surrounding condos like grandeur or even bishan condos.. or Yio Chu Kang condos or your SengKang condo right on top of mrt and shopping mall ..and see how they performed...

A lot will like to buy new condos to stay near MRTs...
but not a lot will buy a OLD Condo to stay near MRTs.. and worse.. depreciating asset.

gfoo
21-07-09, 21:29
first $1300psf for ang sua, now $1100psf for angmor keo.

in 2003 prime properties were about 4x suburban properties (rafflesia vs ardmore). If angmor kio is now $1k, then prime should avg $4k liao

Easting
22-07-09, 00:55
The pricing is crazy! HDB upgraders can now only afford 2-room in condo. We are on the way to becoming Hong Kong soon

proud owner
22-07-09, 01:08
The pricing is crazy! HDB upgraders can now only afford 2-room in condo. We are on the way to becoming Hong Kong soon

thats why i always say ,,, buy BIG units... they are becoming a rarity

bargain hunter
22-07-09, 01:52
i think this project the size of each unit should be smaller than average, compact 3 bedrooms maybe even smaller than smaller than average. that accounts for the higher psf and yet still "affordable".

:doh:

azeoprop
22-07-09, 07:38
I think they are going to introduce studio units in this project to slaughter more buyers.....:hell-hath-no-fury:

Sea
22-07-09, 12:57
Breakdown of the bedroom sizes:

2br (847sqft)

3br (1214sqft)

4br (1305)

Private Preview will be on 29 July

Preview by Appt Only

Sms at 90686016 to register~~

cl0ver
22-07-09, 18:26
$1000psft! Is this going to break records in Ang Mo Kio?

cl0ver
22-07-09, 18:28
thats why i always say ,,, buy BIG units... they are becoming a rarity

BIG units still available at Clover!
:cool:

propertysale01
23-07-09, 01:06
Oh, how many 'pockets' of such sky garden/terrace?

There would only be one sky villa at the 33rd storey.
On the 6th floor there would be the swimming facilities and spa features. Interested, do let me know i would do my best to assist you.

Aaron

90287921.
Direct Developer Sale.

jasonlcl
23-07-09, 23:20
Mmmm..Centro's launch price starting from $1,200psf for low floor..high above 30th fl price can be $1,400-$1,500psf!Better consider Citylights which is so much nearer to town, 1 mins to MRT, 5 mins to town and IR and can ve good seaview!

dtrax
23-07-09, 23:34
Mmmm..Centro's launch price starting from $1,200psf for low floor..high above 30th fl price can be $1,400-$1,500psf!Better consider Citylights which is so much nearer to town, 1 mins to MRT, 5 mins to town and IR and can ve good seaview!

zhun bor 1.2k low floor is really crazy pricing :scared-4:

jhokc0007
23-07-09, 23:46
Have to pay mortgage until 80 years old to enjoy this development... maybe longer.:scared-5:

Is ok Singaporean lifespan is getting longer.

tick
24-07-09, 00:15
Centro $1,200 psf.

Grandeur 8, just a bus stop away, was launched @$475 psf 6 years ago..

Almost tripled!!

propertysale01
24-07-09, 00:44
The quoting price for Centro Residences is actually from $1150 and not $1200. Further updates would be highlighted in due time.

Thanks.
Aaron | 90287921.

august
24-07-09, 00:53
i really must kow tow to any buyers who pay 1150 or 1200psf for this project! LOL :cool:

bargain hunter
24-07-09, 10:54
FROM 1m for 2 bedder and 1.4m from 3 bedder in ang mo kio? :please-die: far east.



The quoting price for Centro Residences is actually from $1150 and not $1200. Further updates would be highlighted in due time.

Thanks.
Aaron | 90287921.

Serpent
24-07-09, 12:38
wah... imagine if i buy a 3 bedders at 1.3 or 1.4m....... 5yrs down the road want to upgrade, I must sell at least 1.5m or 1.6m to break even and also left only 92yrs to go. Can I fetch my asking?? :doh:

cl0ver
24-07-09, 12:48
Centro $1,200 psf.

Grandeur 8, just a bus stop away, was launched @$475 psf 6 years ago..

Almost tripled!!

rather buy a big unit in Grandeur8 and still got spare cash for a GTR.

mr funny
24-07-09, 12:57
http://www.businesstimes.com.sg/sub/news/story/0,4574,343095,00.html?

Published July 24, 2009

Preview of two condo projects planned for next week

One is next to Ang Mo Kio Hub and the other beside Tanah Merah MRT Station


TWO 99-year-leasehold condominium projects next to MRT stations are slated to be previewed next week - Far East Organization's Centro Residences next to Ang Mo Kio Hub and TID's Optima@Tanah Merah.

http://www.businesstimes.com.sg/mnt/media/image/launched/2009-07-24/BT_IMAGES_KROPTIMA24.jpghttp://www.businesstimes.com.sg/mnt/media/image/launched/2009-07-24/BT_IMAGES_KROPTIMA24-68G.jpg
Price expectations: Market watchers suggest Optima (above) could be priced at about $750-$800 psf on average, while prices at Centro Residences are tipped to start from $1,150 psf

Prices at the 34-storey Centro Residences are tipped to start from $1,150 per square foot (psf). Far East bought the site at a state tender in September 2007 for $601 psf per plot ratio. That was a record price for suburban condo land.

Analysts reckon Far East's breakeven cost for the project could be close to $1,000 psf.

They suggest that Far East is releasing the project, which is along Ang Mo Kio Avenue 8, to ride on the current home buying momentum but it may release only about 100 or so units initially and sell the rest as construction proceeds to extract higher prices progressively. The condo has a total of 329 units.

Far East is starting its preview on Wednesday evening and will release two and three-bedroom units.

A typical two-bedder of about 800 square feet could cost about $900,000, while a typical three-bedroom apartment of 950 sq ft may be priced on average at about $1.15 million.

As for Optima, beside the Tanah Merah MRT Station, market watchers suggest it could be priced at about $750-$800 psf on average.

They based this estimate on current average pricing for Waterfront Key in Bedok ($735 psf) and Dakota Residences ($900 psf) and adjusted for locational differences.

The 297-unit Optima will be a 14-storey project comprising one-bedroom studio apartments as well as two, three and four-bedroom apartments plus 18 penthouses.

Developer TID is a joint venture between Mitsui Fudosan of Japan and Hong Leong Group Singapore.

Another Hong Leong unit, Tripartite Developers, previewed The Gale along Upper Changi Road two weeks ago. The 329-unit freehold project, priced at $650 to $725 psf, is over 80 per cent sold.

With the release of Centro and Optima, the pipeline of suburban condos on 99-year-leasehold sites bought at state tenders will shrink further.

This will increase impetus on developers to trigger the release of sites on the government's reserve list, analysts say.

Already, the government has announced the release of two sites from this list this week - at Chestnut Avenue and Dakota Crescent.

DC33_2008
24-07-09, 13:04
Units having the city view will be affected by the noise from the MRT that is above ground.

qianfugui
24-07-09, 13:10
FROM 1m for 2 bedder and 1.4m from 3 bedder in ang mo kio? :please-die: far east.

Even "ICON" lookalike so what. No logic at all to fetch price abobe $1000 psf.
Might as well buy Vista Residences by Far East or The Arte.
Freehold, Full Condo and along Thomson road/ Balestier in CCR.

MRT so-what ? AMK is still in suburb further than Novena, Toa Payoh or even Bishan outside of Circle-Line MRT. There are many condo next to MRT stop.
:banghead: :banghead: :banghead:

qianfugui
24-07-09, 13:15
Units having the city view will be affected by the noise from the MRT that is above ground.
At 34 sty It is consider low by today std.
There is no City-view from AMK really . Look at the no of 40 stys in Bishan
and even more at the Great Wall of Toa Payoh Central. Can not even have a glimpse of CBD or even Orchard beyong these wall unless you are at 50 sty high.:scared-4:

sleek
24-07-09, 13:20
At 34 sty It is consider low by today std.
There is no City-view from AMK really . Look at the no of 40 stys in Bishan
and even more at the Great Wall of Toa Payoh Central. Can not even have a glimpse of CBD or even Orchard beyong these wall unless you are at 50 sty high.:scared-4:

Yeah, nice terminology. :cool:

Can attest to that too as used to enjoy nice view of Raffles City Skyline from Bishan Heights until the Great Wall of Toa Payoh Central appears. :doh:

tantan
24-07-09, 19:25
Look like Clover By The Park is a good buy now at ave $750 psf with Centro selling above $1000 psf

Honesty
24-07-09, 20:00
wah... imagine if i buy a 3 bedders at 1.3 or 1.4m....... 5yrs down the road want to upgrade, I must sell at least 1.5m or 1.6m to break even and also left only 92yrs to go. Can I fetch my asking?? :doh:

Of course you can!!! there are a lot of suckers out there for you to choose.

So many, so many, so many, untill I also scared:scared-1: :scared-1: :scared-1: :scared-1: :scared-1:

jhokc0007
24-07-09, 23:26
The bubble is growing bigger with every launches....:hell-hath-no-fury:

Once burst, everyone is going to get hurt:scared-1:

Serpent
24-07-09, 23:40
Of course you can!!! there are a lot of suckers out there for you to choose.

So many, so many, so many, untill I also scared:scared-1: :scared-1: :scared-1: :scared-1: :scared-1:

Imagine 1.5 or 1.6m can get you a nice decent unit near city and freehold. :scared-4:
Dun dare to take the challenge even there's suckers.:tsk-tsk:

isaaclim
25-07-09, 00:46
Far east is so rich but still so _ _ _ _ . I am pretty those who help them to market their project. Just wasting time.

Let's agent and daring buyer earn leh...

Regulators
25-07-09, 05:18
Did you see the SHOE layouts of clover and the bay windows? :doh: :doh: :doh:



Look like Clover By The Park is a good buy now at ave $750 psf with Centro selling above $1000 psf

tantan
25-07-09, 08:06
Did you see the SHOE layouts of clover and the bay windows? :doh: :doh: :doh:

Hi,
Do u have any recommendation on which condo is better in district 19 & 20? Thanks.

Honesty
25-07-09, 19:24
Hi,
Do u have any recommendation on which condo is better in district 19 & 20? Thanks.


Nothing now...:tsk-tsk: wait till year end...plenty of project TOP...sure got good buy.:o :o :o

cl0ver
25-07-09, 21:40
Did you see the SHOE layouts of clover and the bay windows? :doh: :doh: :doh:

bay window argument overused till today... at least the ceiling is at 3m..

ClemenceLY
26-07-09, 01:33
It will be interesting to see how this project fare at the preview... it is also a test of the upper limit that HDB upgraders will pay for a typical 3 bdrm unit (at 1.4M).

Initially I was looking forward to this launch but with the pricing, can forget abt it... :mad:

If this project sells well, expect more new condo units to be priced at or above $1,000 in suburban area... :scared-5:

hovivi
26-07-09, 22:59
1.3m? My neighbour sold his 2sty fh terrace for 1.2m 2mths bk. Siao.

blueb
27-07-09, 00:31
FROM 1m for 2 bedder and 1.4m from 3 bedder in ang mo kio? :please-die: far east.

Well, I certainly hope so, though they have deep pockets. They put in a ridiculously high bid for the land and hence have to sell at a high price (I recall reading somewhere their breakeven is approximately $900-950psf).

Pricing from $1150? :scared-2:....but as always, there are crazy buyers out there :doh:

Condorich
27-07-09, 12:43
Some personal views and comments, this project is not meant to be marketed to Singaporeans.. it is meant for Foreign Talent with excess cash who are looking for
1. Near MRT
2. Near good amenities such as food centres, cinema, banks, grocery shops, etc
3. Couldn't buy a new HDB due to restrictions
4. Find HDB and already TOP 99 yr condo projects too old for comfort... i.e. Grandeur 8, Nuovo, Castle Green etc.
5. Working around these area such with Poly, even Khoo Tech Phuat Hospital (in Future etc)
Some exceptions would apply too, rich Singaporeans... I think this is going to be like Bishan 8 owners who bought at a high.

Far east can always price it up for poorer than expected sales and rent out the rest of the units, examples are ICON, Meadow Lodge, Lakeshore etc. Question is would you want to invest in this kind of property or stay in a condo with alot of tenants. However, there can be winners too. Icon buyers are a happy bunch (For a balanced view).

This project is also competing with other land parcels, Yishun. Bishan, Toa Payoh, Braddel. When this project is completed, it will capture more rental and thereby depressing the rental market at Grandeur 8 and other older projects (discount rate as compared to this project, even though there should be price appreciation generally). Anything goes, your guess is as good as mine. Take your bet and gamble (Disclaimer).

cl0ver
27-07-09, 13:25
why would foreign talent want to waste so much money on lodging?
they would probably be more concern in sending money back home.

furthermore, this will probably compete with Kovan Residences or Woodsville which are also at MRT doorstep but at least theirs is underground

bargain hunter
27-07-09, 15:39
anyone got any updates on this project? one agent called me and said some units were SOLD at 1200psf last weekend, tried to market me another project on relative attractiveness....:doh: i thought have not even previewed yet, how come some sold already?

tick
27-07-09, 16:22
over last weekend, already saw many cars parked outside Grandeur8 driveway...even the tent is set up to host these potential suckers to buy the highly priced property @ $1,200 psf!!
:scared-1: :scared-1: :scared-1:

bargain hunter
27-07-09, 16:32
good luck to these buyers. :) Don't call them suckers leh, they are already pathetic enough to be signing away their lives to finance this iconic acquisition.



over last weekend, already saw many cars parked outside Grandeur8 driveway...even the tent is set up to host these potential suckers to buy the highly priced property @ $1,200 psf!!
:scared-1: :scared-1: :scared-1:

august
27-07-09, 16:41
i respect courage


*kow tow* some more to the brave ones ... :ashamed1:

bargain hunter
27-07-09, 16:49
:not-worthy: :not-worthy: :not-worthy:



i respect courage


*kow tow* some more to the brave ones ... :ashamed1:

cl0ver
27-07-09, 17:52
maybe upgraders from Granduer8 who feel damn sian to walk so far to MRT everyday? :beats-me-man:

Daniel_Yee
27-07-09, 20:25
What about Icon? The Sail? MBR? The clift? Then the limit is x3 or x4? or even x5? I would say see surrounding Condo price, view and quality. Not so dependent on HDB. At 1100psf, only suckers will buy. Somemore in a cock location.



To me, expensive or not based on HDB resale price. AMK 5-year old 118sqm HDB transacted at 600,000 which is about 500psf. They usually take the HDB resale price x 2 as the upper limit of condo price. At 1000psf, it will be more justified if close to MRT or freehold.

Daniel_Yee
27-07-09, 20:39
So what is the great difference? Haha.. 50psf.

Any buyers for this property, may I reccommend my place - Twin Regency. Or even Regency @ Tiong Bahru / Meraprime / Regency Suite / Metropolitan / One Jervois. Same price but mine is a freehold. Seriously, this condo left how many years only? 96 years? By the time finish, left 93? For that price, go for freehold in a better location. Those condos which I mentioned are in a far better location at the same price. Most are freehold. Less than 5 mins away from Orchard or CBD and capital appreciation is there. I mean if River valley is selling at 2k psf, it is normal. But if AMK is selling at 2k psf? Anyone with a decent brain will say it's not possible unless RV is selling at 4k psf and Sail is selling at 7k psf. Then AMK got chance to hit 2k psf.

I am not promoting any condos but I just want to warn would be buyers to watch out. Do your homework. Go for a better location unless you die die want to stay AMK. Even near AMK, go for a cheaper ones and buy a Evo and still got 40% of money left. Always remember, AMK is a suburban location (or a cock location in my opinion). There are tons of new Condos selling at the same price but better district, better view, freehold etc..



The quoting price for Centro Residences is actually from $1150 and not $1200. Further updates would be highlighted in due time.

Thanks.
Aaron | 90287921.

thomastansb
28-07-09, 02:29
Fully agree.. Think lease starts from 2007. So 2012 TOP left 94 years. 1150psf can kiss my ass. Really only idiots will buy this. Even at 950psf, I think it is dumb. But 'ren ge you zi'. As long as not I lose money, I don't care. The warnings have been sound. Whether the idiot wants to buy or not, it depends on him/her.

Anyway, gfoo will know this better than anyone. At 1150psf, what if drop until 900psf? 900psf is still on the very high side for such lame location. When it hits 900psf, then all the best. Prepare your ass to receive letter from banks asking for top up. If drop until 800psf, your ass sure bleed. And at 800psf, it is only a fair pricing for such lousy location.

Also agree on the 7k psf theory. I think my sail can sell at 3000psf if AMK subsale selling at 1300psf. Assuming 5% profit after deducting bank loan penalty and stamp. But anyway, I will take this 1150psf to buy river valley anytime. No offence to those staying at AMK but seriously, it is only a suburban area. So far and perpetually jammed (both human and cars). But if anyone ass get burned, let me know. I will buy from you at 750psf - a fair price for this location.




So what is the great difference? Haha.. 50psf.

Any buyers for this property, may I reccommend my place - Twin Regency. Or even Regency @ Tiong Bahru / Meraprime / Regency Suite / Metropolitan / One Jervois. Same price but mine is a freehold. Seriously, this condo left how many years only? 96 years? By the time finish, left 93? For that price, go for freehold in a better location. Those condos which I mentioned are in a far better location at the same price. Most are freehold. Less than 5 mins away from Orchard or CBD and capital appreciation is there. I mean if River valley is selling at 2k psf, it is normal. But if AMK is selling at 2k psf? Anyone with a decent brain will say it's not possible unless RV is selling at 4k psf and Sail is selling at 7k psf. Then AMK got chance to hit 2k psf.

I am not promoting any condos but I just want to warn would be buyers to watch out. Do your homework. Go for a better location unless you die die want to stay AMK. Even near AMK, go for a cheaper ones and buy a Evo and still got 40% of money left. Always remember, AMK is a suburban location (or a cock location in my opinion). There are tons of new Condos selling at the same price but better district, better view, freehold etc..

proud owner
28-07-09, 03:43
Fully agree.. Think lease starts from 2007. So 2012 TOP left 94 years. 1150psf can kiss my ass. Really only idiots will buy this. Even at 950psf, I think it is dumb. But 'ren ge you zi'. As long as not I lose money, I don't care. The warnings have been sound. Whether the idiot wants to buy or not, it depends on him/her.

Anyway, gfoo will know this better than anyone. At 1150psf, what if drop until 900psf? 900psf is still on the very high side for such lame location. When it hits 900psf, then all the best. Prepare your ass to receive letter from banks asking for top up. If drop until 800psf, your ass sure bleed. And at 800psf, it is only a fair pricing for such lousy location.

Also agree on the 7k psf theory. I think my sail can sell at 3000psf if AMK subsale selling at 1300psf. Assuming 5% profit after deducting bank loan penalty and stamp. But anyway, I will take this 1150psf to buy river valley anytime. No offence to those staying at AMK but seriously, it is only a suburban area. So far and perpetually jammed (both human and cars). But if anyone ass get burned, let me know. I will buy from you at 750psf - a fair price for this location.

i think we can all try to save these buyers .. but we cant stop the herd instinct in them ..

i suggest just leave them alone .. if they want to buy at such prices .. let them ..

sometimes we need them to make us feel smarter ..

the higher they pay, the harder the fall next time .. imagine all are the same ..there will be no smart investors ..

thomastansb
28-07-09, 07:58
true also.. hahahaha




i think we can all try to save these buyers .. but we cant stop the herd instinct in them ..

i suggest just leave them alone .. if they want to buy at such prices .. let them ..

sometimes we need them to make us feel smarter ..

the higher they pay, the harder the fall next time .. imagine all are the same ..there will be no smart investors ..

isaaclim
28-07-09, 08:51
Warning! Please be aware those pushy agents. The agent served me was trying to convince me that Centro is at the better location then Soleil because the land cost more + next to AMK Hub. And the worst, he told me he would buy it if it is 1k psf. I almost can't control myself to ask him - "Are you sure you can buy at 1k psf?"

Acer
28-07-09, 08:59
now market hot.
Buyers dont think so much
when market bad , buyer will point finger tat agent mislead them
actually , they are the one who buy blindly wo any thoughts

I Agree how can AMK sell at 11XXpsf, siao mah
then those old D9 can fetch $300 more psf

jonleelk
28-07-09, 09:06
now market hot.
Buyers dont think so much
when market bad , buyer will point finger tat agent mislead them
actually , they are the one who buy blindly wo any thoughts

I Agree how can AMK sell at 11XXpsf, siao mah
then those old D9 can fetch $300 more psf

If Balistier FH is selling $900-$1k psf, AMK LH should be $800psf.

Daniel_Yee
28-07-09, 09:06
He is right... Caribbean should cost more than reflection because it is nearer to Vivo. And sixth ave houses are worthless because inaccessible, no MRT, no shopping mall.. And of course, if you buy a land for 3000psf at kranji or lor halus, then you can sell at 3800psf because you bought it sooooo high..

My stand is still the same. River valley cannot be a worse location than AMK. Neither is Tiong Bahru, Caribbean, Citylights, Southbank.. And the best part is all cost the same. Around 1150psf. Buyers, you make the choice. I don't even want to contact those agents because I will only issue a 750psf cheque.




Warning! Please be aware those pushy agents. The agent served me was trying to convince me that Centro is at the better location then Soleil because the land cost more + next to AMK Hub. And the worst, he told me he would buy it if it is 1k psf. I almost can't control myself to ask him - "Are you sure you can buy at 1k psf?"

blackswan
28-07-09, 09:15
i think we can all try to save these buyers .. but we cant stop the herd instinct in them ..

i suggest just leave them alone .. if they want to buy at such prices .. let them ..

sometimes we need them to make us feel smarter ..

the higher they pay, the harder the fall next time .. imagine all are the same ..there will be no smart investors ..

Why try to "save" them??? This is like people telling smokers dun smoke else will have lung cancer, throat cancer etc etc.

But the smokers' reply will be "My Ah Gong my father are all chain smokers for so many years and they never kenna, I smoke 10 sticks a day only how will kenna?"

Not that we did not try to "save" them, but their brains are shutting of their ears.

Property_Owner
28-07-09, 09:26
Warning! Please be aware those pushy agents. The agent served me was trying to convince me that Centro is at the better location then Soleil because the land cost more + next to AMK Hub. And the worst, he told me he would buy it if it is 1k psf. I almost can't control myself to ask him - "Are you sure you can buy at 1k psf?"

You can't blame the agent for pushing and talking cock. They are been paid to do so. Which car SE will tell you take MRT is better? Buyer walking in Showroom will comes in 2 mindset. To buy or not to buy.

tick
28-07-09, 10:31
anyone knows how much these agents make per unit sold?

i am interested to know how much it cost to buy their conscience...that means, when they claim that they would buy it @$1,000psf...DO THEY TRULY MEAN IT???

august
28-07-09, 10:32
i received 3 similar mailers for centro from FEO last night, three! LOL ~~

gfoo
28-07-09, 10:33
Also agree on the 7k psf theory. I think my sail can sell at 3000psf if AMK subsale selling at 1300psf. Assuming 5% profit after deducting bank loan penalty and stamp. But anyway, I will take this 1150psf to buy river valley anytime. No offence to those staying at AMK but seriously, it is only a suburban area. So far and perpetually jammed (both human and cars). But if anyone ass get burned, let me know. I will buy from you at 750psf - a fair price for this location.

You're too modest liao. If these type of heartland condos in amk, redhill etc can fetch $1150psf, wait till the central linear park, promontory park, underground shopping, IR, MRT, Gardens by the Bay, etc etc etc etc is built

Then see how much the sail will fetch. Btw median transactions is now above $2000psf when the surroundings are a construction site - before all the above have been truly priced in.

The more the market prices heartland condos at $1150psf, the happier we'll become. Let them buy. In the meantime, just have to entertain ourselves with all those bullish comments here.

august
28-07-09, 10:33
anyone knows how much these agents make per unit sold?

i am interested to know how much it cost to buy their conscience...that means, when they claim that they would buy it @$1,000psf...DO THEY TRULY MEAN IT???

claim and fact are 2 diff things ~ :o

believe them at ur own peril

bargain hunter
28-07-09, 10:35
hahaha, land cost more is developer's mistake, how can it mean its true value is more? AMK Hub vs velocity? i think the benefit is to retail store holders at AMK Hub for its 'wang wang' traffic rather than to the residents.:)


Warning! Please be aware those pushy agents. The agent served me was trying to convince me that Centro is at the better location then Soleil because the land cost more + next to AMK Hub. And the worst, he told me he would buy it if it is 1k psf. I almost can't control myself to ask him - "Are you sure you can buy at 1k psf?"

august
28-07-09, 10:40
from brochure pic looks like is multi-storey car park some more... hahahaha

Daniel_Yee
28-07-09, 10:46
Maybe 1% or 2%. Should be higher for this project since FEO is out to make a killing. You can't say buy their conscience. I mean in our everyday work, our conscience is not clear also mah. The contractor who pay a bangla $200 a month to dig the ground. It is hard job and not fair.. If the agent don't sell, they won't have $ to feed their family. They will lie to you, con you, slow talk you to make you buy. 1k psf for such a location, never... Unless citylights selling 2300psf.




anyone knows how much these agents make per unit sold?

i am interested to know how much it cost to buy their conscience...that means, when they claim that they would buy it @$1,000psf...DO THEY TRULY MEAN IT???

DC33_2008
28-07-09, 10:54
Maybe 1% or 2%. Should be higher for this project since FEO is out to make a killing. You can't say buy their conscience. I mean in our everyday work, our conscience is not clear also mah. The contractor who pay a bangla $200 a month to dig the ground. It is hard job and not fair.. If the agent don't sell, they won't have $ to feed their family. They will lie to you, con you, slow talk you to make you buy. 1k psf for such a location, never... Unless citylights selling 2300psf.

The prospective buyers should have just bought the point block HDB flat adjacent to the AMK hub maybe at half the $psf and get a better view minus the MRT noise.

tick
28-07-09, 10:56
from brochure pic looks like is multi-storey car park some more... hahahaha
yes it has to be multi-storey carpark..

1. to save construction cost so that they can milk more from $1,200 psf.

2. Levels 1-5 will have low occupancy rates since the MRT noise is gonna drive them nuts.

Condorich
28-07-09, 11:24
yes it has to be multi-storey carpark..

1. to save construction cost so that they can milk more from $1,200 psf.

2. Levels 1-5 will have low occupancy rates since the MRT noise is gonna drive them nuts.

How come no one mentioned about the bus interchange? The traffic can be quite bad at times, at the traffic junction too. This project will be similar to The Warren at CCK... near to interchange but much worst... plus nearer to MRT. Go to the Warran thread to find out more.

Just a wild guess on their expected sales and pricing model.
100% sold pricing could be $800 psf
90% sold pricing could be $850 psf
80% sold pricing could be at $900 psf
70% sold pricing could be at $950 psf
60% sold pricing could be at $1000 psf
50% sold pricing could be at $1050 psf
40% sold pricing could be at $1100 psf
30% sold pricing could be at $1150 psf
20% sold pricing could be at $1200 psf
10% sold pricing could be at $1250 psf.

tick
28-07-09, 11:29
Yes you are right.

Both the noise from MRT and Bus interchange will be deafening!

Good luck to those who invest $1,200psf to get these great experiences!!



---


How come no one mentioned about the bus interchange? The traffic can be quite bad at times, at the traffic junction too. This project will be similar to The Warren at CCK... near to interchange but much worst... plus nearer to MRT. Go to the Warran thread to find out more.

Just a wild guess on their expected sales and pricing model.
100% sold pricing could be $800 psf
90% sold pricing could be $850 psf
80% sold pricing could be at $900 psf
70% sold pricing could be at $950 psf
60% sold pricing could be at $1000 psf
50% sold pricing could be at $1050 psf
40% sold pricing could be at $1100 psf
30% sold pricing could be at $1150 psf
20% sold pricing could be at $1200 psf
10% sold pricing could be at $1250 psf.

Property_Owner
28-07-09, 11:50
anyone knows how much these agents make per unit sold?

i am interested to know how much it cost to buy their conscience...that means, when they claim that they would buy it @$1,000psf...DO THEY TRULY MEAN IT???

Talk cock la, talks are free. Why dun you join as agents. Make some quick bucks while market is hot.

DC33_2008
28-07-09, 12:43
yes it has to be multi-storey carpark..

1. to save construction cost so that they can milk more from $1,200 psf.

2. Levels 1-5 will have low occupancy rates since the MRT noise is gonna drive them nuts.

Noise travels in a radial manner, ie. all directions. It will be worst at higher floors as the roadside trees will absorb sound at the lower level. Pay more get more noise from the MRT trains.

Regulators
28-07-09, 13:46
i find it strange, why do u prime district owners always feel that rise in pty px must always be led by prime districts all the time? Could ths trend be slowly reversing whereby CCR pty pxs are stabalising while RCR n OCR are steadily increasing? IMO condos like Sail n MBR are artificially high n current pricing seems like forward pricing to me. Do those who bought the sail at 2kpsf seriously expect px to go up to 3kpsf when IR comes up? The Sail started off as a mass mkt condo in CCR n interior will always be mass mkt quality. The locatn for the sail may be fantastic to some but not everybody who goes to CBD for work likes to live in it.

teddybear
28-07-09, 13:51
$750 psf I also won't buy because if AMK $750 psf I rather buy some place in D9, D10, D11 at $1100-$1300 psf. Avoid the perpetual jam on roads leading to city and west-wards (unless you work in AMK or nearby).


Fully agree.. Think lease starts from 2007. So 2012 TOP left 94 years. 1150psf can kiss my ass. Really only idiots will buy this. Even at 950psf, I think it is dumb. But 'ren ge you zi'. As long as not I lose money, I don't care. The warnings have been sound. Whether the idiot wants to buy or not, it depends on him/her.

Anyway, gfoo will know this better than anyone. At 1150psf, what if drop until 900psf? 900psf is still on the very high side for such lame location. When it hits 900psf, then all the best. Prepare your ass to receive letter from banks asking for top up. If drop until 800psf, your ass sure bleed. And at 800psf, it is only a fair pricing for such lousy location.

Also agree on the 7k psf theory. I think my sail can sell at 3000psf if AMK subsale selling at 1300psf. Assuming 5% profit after deducting bank loan penalty and stamp. But anyway, I will take this 1150psf to buy river valley anytime. No offence to those staying at AMK but seriously, it is only a suburban area. So far and perpetually jammed (both human and cars). But if anyone ass get burned, let me know. I will buy from you at 750psf - a fair price for this location.

august
28-07-09, 14:08
i find it strange, why do u prime district owners always feel that rise in pty px must always be led by prime districts all the time? Could ths trend be slowly reversing whereby CCR pty pxs are stabalising while RCR n OCR are steadily increasing?

gd question..
imo such a situation can occur only when the social and wealth distribution of society changes i.e. a more equitable income distribution.. in this aspect SG is feudalistic to say the least, we are closer to the extreme end of capitalism than ever before, and at the rate pap is going things wont change any time soon


IMO condos like Sail n MBR are artificially high n current pricing seems like forward pricing to me. Do those who bought the sail at 2kpsf seriously expect px to go up to 3kpsf when IR comes up? The Sail started off as a mass mkt condo in CCR n interior will always be mass mkt quality. The locatn for the sail may be fantastic to some but not everybody who goes to CBD for work likes to live in it.
yes forward pricing.. they r more for investments than own stay IMO. When all the promised amenities e.g. garden, financial centres etc are up, which is still some yrs off, marina bay will be primed to take off.

gfoo
28-07-09, 18:30
The social divide unfortunately is only going to widen - it already has by quite a bit. The good news is that the middle class is slowly moving up the scale, and that's where we see them propping up ridiculous pricing in the suburbs. but the lower middle and below are getting further away from the middle as well. This will soon create social strife - perhaps that's why we see so many 'society harmony' stories nowadays in the papers


gd question..
imo such a situation can occur only when the social and wealth distribution of society changes i.e. a more equitable income distribution.. in this aspect SG is feudalistic to say the least, we are closer to the extreme end of capitalism than ever before, and at the rate pap is going things wont change any time soon


yes forward pricing.. they r more for investments than own stay IMO. When all the promised amenities e.g. garden, financial centres etc are up, which is still some yrs off, marina bay will be primed to take off.

jitkiat
28-07-09, 20:03
The social divide unfortunately is only going to widen - it already has by quite a bit. The good news is that the middle class is slowly moving up the scale, and that's where we see them propping up ridiculous pricing in the suburbs. but the lower middle and below are getting further away from the middle as well. This will soon create social strife - perhaps that's why we see so many 'society harmony' stories nowadays in the papers

May b u are right, 24% of employed household has income btn 8000-15000 per month.

http://www.singstat.gov.sg/pubn/papers/people/op-s15.pdf

cheerful
28-07-09, 21:56
Hope u aren't giving us those theories about what HDB simi flat size, etc. etc. justifying the trend (e.g. aga aga 5% from the air) .... blah blah ... then now simi hsehold income which band which band can explain the up up & away trend hor ....
:p

May b u are right, 24% of employed household has income btn 8000-15000 per month.

jitkiat
28-07-09, 22:22
Hope u aren't giving us those theories about what HDB simi flat size, etc. etc. justifying the trend (e.g. aga aga 5% from the air) .... blah blah ... then now simi hsehold income which band which band can explain the up up & away trend hor ....
:p

Stats is there, up to anybody to interpret.

blueb
29-07-09, 00:34
Just a wild guess on their expected sales and pricing model.
100% sold pricing could be $800 psf
90% sold pricing could be $850 psf
80% sold pricing could be at $900 psf
70% sold pricing could be at $950 psf
60% sold pricing could be at $1000 psf
50% sold pricing could be at $1050 psf
40% sold pricing could be at $1100 psf
30% sold pricing could be at $1150 psf
20% sold pricing could be at $1200 psf
10% sold pricing could be at $1250 psf.
Interesting model, but I don't think they would be happy with a take up rate of just 30% @ $1150psf as they would at least aim for 50% so that they can slowly adjust the price upwards having locked in a healthy sales number?

blueb
29-07-09, 00:38
May b u are right, 24% of employed household has income btn 8000-15000 per month.

http://www.singstat.gov.sg/pubn/papers/people/op-s15.pdf

Thanks for posting this, I didn't realize such a high % have household incomes between 8k-15k / month. That perhaps could be one of the reasons for the recent high take up rates (many with huge savings and deciding to take the plunge because of negative real rates of return by placing their $ in banks).

cheerful
29-07-09, 08:37
Stats is there, up to anybody to interpret.

That's right ... appreciate that u're doing this (i.e. simply post data without further analysizing it) ... afterall, household income is just an indication. How on earth to know abt the disposal portion .. :)

Condorich
29-07-09, 09:28
That's right ... appreciate that u're doing this (i.e. simply post data without further analysizing it) ... afterall, household income is just an indication. How on earth to know abt the disposal portion .. :)

Yes, they might have already committed to some big ticket items like houses or luxury cars (still paying)... Not uncommon to hear of people in the high income group, who spend more than what they earn. Perhaps the study could indicate the proportion of high income group owners who have already fully paid up their existing homes and segment by districts.

gohsoonk
29-07-09, 09:44
anyone got any updates on this project? one agent called me and said some units were SOLD at 1200psf last weekend, tried to market me another project on relative attractiveness....:doh: i thought have not even previewed yet, how come some sold already?

As conveyed by the other folks in the forum, I really advise staying off this at 1200psf. I received a SMS that for the 3 bedrooms, it is 1000psf. Still too expensive in my opinion

gohsoonk
29-07-09, 09:53
Thanks for posting this, I didn't realize such a high % have household incomes between 8k-15k / month. That perhaps could be one of the reasons for the recent high take up rates (many with huge savings and deciding to take the plunge because of negative real rates of return by placing their $ in banks).

I think the range is too wide. Is 8K considered middle income? Is 12K considered middle income? I think it is very subjective.

Based on my candid conversations with fellow citizens, there are 9 bands of income classifications.
Low, middle and high income group.
Within each group, there are another 3 bands called lower, middle and higher.
It is up to anyone to fit the various income ranges into the different bands. :P

jitkiat
29-07-09, 10:14
http://www.singstat.gov.sg/stats/themes/people/hes.pdf

Old stats from year 2003,
% of income spent on housing about 20+%
average household income staying at private flats ~ 10k per month

It makes sense, if monthly household income is $10,000, then if 25% goes to monthly down-payment of condo will be about $2,500. So, in general, household income of 10,000 per month will be financially comfortable to stay in 1 million dollar condo. If you exclude those > 15k, we are left with only 12% of households (btn 10k-15k). This explains why 80% of people stay in HDB.

bargain hunter
29-07-09, 10:55
so similar to Meadows @ Pierce and Optima, the new strategy is to create headlines with shockingly high psf, then tell people 3 bedroom psf is lower than 1 and 2 bedders and thus, relatively attractive? :doh:



As conveyed by the other folks in the forum, I really advise staying off this at 1200psf. I received a SMS that for the 3 bedrooms, it is 1000psf. Still too expensive in my opinion

proud owner
29-07-09, 22:27
so similar to Meadows @ Pierce and Optima, the new strategy is to create headlines with shockingly high psf, then tell people 3 bedroom psf is lower than 1 and 2 bedders and thus, relatively attractive? :doh:


for those looking to buy Centro ...perhaps they might want to revisit Castle Green ... opposite YCK station ..one station after AMK ..

see what happened to it now .. its a forgotten condo .. so what it is near MRT , surrounded by HDB .. and amenities ..

and what happens to its value ?


the same will happen to Centro

august
29-07-09, 22:31
for those looking to buy Centro ...perhaps they might want to revisit Castle Green ... opposite YCK station ..one station after AMK ..

see what happened to it now .. its a forgotten condo .. so what it is near MRT , surrounded by HDB .. and amenities ..

and what happens to its value ?


the same will happen to Centro

location location location
let's face it, hdb heartland condos upside very very limited relatively speaking

proud owner
29-07-09, 22:41
location location location
let's face it, hdb heartland condos upside very very limited relatively speaking


dont quite understand you

so is centro LOCATION good ?

if yes then why upside limited ?


whichever the case .. condos in HDB est never do well ..

good luck to those who have bought Centro.. at 1000 psf and higher ...
your neighbour in a HDB Maisonette is better off ... his value will go up becos of you .. but yours very very limited upset ..

francislkc
29-07-09, 23:44
Heard from one of my banker that that almost half of his bank valuers dare not value this property and their bank is quite unwilling to provide loan for this development. Any idea which bank is involved in this development?

august
30-07-09, 00:05
so is centro LOCATION good ?

if yes then why upside limited ?

no good, its OCR.. (of cos for own stay diff story)

upside limited bcos it is way overpriced :scared-5:

Regulators
30-07-09, 00:45
the most gungho bank i can think of now is ocbc
Heard from one of my banker that that almost half of his bank valuers dare not value this property and their bank is quite unwilling to provide loan for this development. Any idea which bank is involved in this development?

tick
30-07-09, 08:21
Heard from one of my banker that that almost half of his bank valuers dare not value this property and their bank is quite unwilling to provide loan for this development. Any idea which bank is involved in this development?

Worried about Loan defaults?
or the bubble is going to break anytime?:scared-4:

Daniel_Yee
30-07-09, 09:57
Actually, I feel that many people are wrong about OCR leading the rise. When I am looking at my TR, the price is 800-900psf. Started looking since Jan. Slowly, I feel the prices rise. I was looking at sail/MBR, icon, RV condos, orchard and some better suburban like casa merah, kovan residence, metropolitan, one north and even lakeshore.

What I feel is that prices suddenly rise at sail, MBR and to some extend, Icon. Then 2-3 weeks later, river valley also sprang to life. My gut feel is that it increase by 10 to 20% in one month. I was tempted to buy casa merah because still asking 650 to 700psf, it's new and going to TOP. There isn't any increase in pricing for CM at all. But was thinking of staying nearer to town so bought TR. Still monitor prices for a while and suddenly, those suburban also rise.. About 2 months delay. So my conclusion is that those suburban condos just hold well, did not fall too much but definitely not leading the rise. Prices just stay stagnant all the way but it's district 1 and to a lesser extend, district 2 that lead the increase. I might be wrong but this is what I feel from Jan - June when I was looking for a condo. You all can go URA to verify.

Regarding the sail, the interior sucks. The toilet is a joke. Look like some coffeeshop toilet. Living room and bedrooms are fine except some units got pillar and some don't. Don't know why also. Was really interested at one point of time but wasn't prepared to pay like 1700psf for a bayview unit. 1 week later, it was like 1800psf and going up 100psf every week so gave up in the end. Now regret big time :banghead::banghead:. Anyway, 2k is still cheap for the sail i feel. It's not only the CBD people who stay there. You just look around the sail. Although I don't stay there (and the interior sucks. look like some suburban condo design even they call themselves 6 stars), the location is fantastic. Shopping centres, MRT (think got 2 right?), IR, food, sea, bay etc.. Interior just put 20-30k in, and everything look 6 stars again. Seriously, if Sail is overpriced at 2k psf, Centro will be overpriced at 600psf. I don't stay at the sail, not an employee of CDL but this is my neutral comment.



i find it strange, why do u prime district owners always feel that rise in pty px must always be led by prime districts all the time? Could ths trend be slowly reversing whereby CCR pty pxs are stabalising while RCR n OCR are steadily increasing? IMO condos like Sail n MBR are artificially high n current pricing seems like forward pricing to me. Do those who bought the sail at 2kpsf seriously expect px to go up to 3kpsf when IR comes up? The Sail started off as a mass mkt condo in CCR n interior will always be mass mkt quality. The locatn for the sail may be fantastic to some but not everybody who goes to CBD for work likes to live in it.

Daniel_Yee
30-07-09, 09:58
Actually you can buy one.. Buy and sell to those 1200psf cocks lor :)


$750 psf I also won't buy because if AMK $750 psf I rather buy some place in D9, D10, D11 at $1100-$1300 psf. Avoid the perpetual jam on roads leading to city and west-wards (unless you work in AMK or nearby).

Regulators
30-07-09, 10:10
I think OCR has a strong support level currently at 6xxpsf. prime districts are more open to fluctuations as you have mentioned about the Sail, its peak was 3XXXpsf which i thought was absolutely ridiculous. Apart from location, don't valuators actually bother to look at interior to gauge whether the property is worth 2XXX or 3XXXpsf? They seem to place full emphasis on location and obliviate other factors for property pricing when it comes to the prime. At 2XXX or 3XXX psf, it is more befitting of a condo which is luxury class and The Sail clearly is not. It looks more like an office building in the same area and resembles little of a private residential apartment.

It is so ironical that the government is now talking about capital gains tax from property and "punishing" property speculators when they deliberately leave valuations of private property to fluctuate madly. I would like to hear what forumers think about this.



Actually, I feel that many people are wrong about OCR leading the rise. When I am looking at my TR, the price is 800-900psf. Started looking since Jan. Slowly, I feel the prices rise. I was looking at sail/MBR, icon, RV condos, orchard and some better suburban like casa merah, kovan residence, metropolitan, one north and even lakeshore.

What I feel is that prices suddenly rise at sail, MBR and to some extend, Icon. Then 2-3 weeks later, river valley also sprang to life. My gut feel is that it increase by 10 to 20% in one month. I was tempted to buy casa merah because still asking 650 to 700psf, it's new and going to TOP. There isn't any increase in pricing for CM at all. But was thinking of staying nearer to town so bought TR. Still monitor prices for a while and suddenly, those suburban also rise.. About 2 months delay. So my conclusion is that those suburban condos just hold well, did not fall too much but definitely not leading the rise. Prices just stay stagnant all the way but it's district 1 and to a lesser extend, district 2 that lead the increase. I might be wrong but this is what I feel from Jan - June when I was looking for a condo. You all can go URA to verify.

Regarding the sail, the interior sucks. The toilet is a joke. Look like some coffeeshop toilet. Living room and bedrooms are fine except some units got pillar and some don't. Don't know why also. Was really interested at one point of time but wasn't prepared to pay like 1700psf for a bayview unit. 1 week later, it was like 1800psf and going up 100psf every week so gave up in the end. Now regret big time :banghead::banghead:. Anyway, 2k is still cheap for the sail i feel. It's not only the CBD people who stay there. You just look around the sail. Although I don't stay there (and the interior sucks. look like some suburban condo design even they call themselves 6 stars), the location is fantastic. Shopping centres, MRT (think got 2 right?), IR, food, sea, bay etc.. Interior just put 20-30k in, and everything look 6 stars again. Seriously, if Sail is overpriced at 2k psf, Centro will be overpriced at 600psf. I don't stay at the sail, not an employee of CDL but this is my neutral comment.

Daniel_Yee
30-07-09, 10:33
I don't know what is OCR. But if you are talking about suburban, then yes. 600psf is a supporting level. And HDB is supporting this 600psf. So if HDB collapse, the whole property market will be in shit.

From my experience on valuation from buying TR, banks usually see the past 2-3 months transactions. Take an average and probably offer another 10-15% extra in valuation. They have to do it because of business needs and sense. And they don't see interior. They let the market guage the psf, take an average and offer you max. 15% extra. Probably flooring and facing play a small part but won't make a big difference. Anyway, location is the main factor for a condo price. Design is second so location is still king.

I don't agree with you on the sail. From outside, it looks really great. Tall, majestic with a very very nice curve. At night, the 2 pillar lights are so prominent and nice. When you walk in, the design is still great. I remember got some water thing at the main lobby. Nice! The lift lobby is still a class above my TR. When reach the corridor, still look great. But the moment the door open, look like ordinary condo. When reach the toilet, I thought I was in a HDB flat. The most distinctive thing I remember was the tiles even though I went there twice only. Really look like some coffeeshop toilet tiles. Facilities is normal for a city area condo. Same as my TR but should have more facilities since it brand itself 6 stars. But facilities and gym still look class enough. If sail don't look like a condo, wait till you see MBR. IMO, if my TR can fetch 1.2k psf, sail should be doubled. Don't own any unit at sail but it is a nice project in a nice location. Interior really need to put in some $. But if you can buy at 2000psf, don't tell me you cannot fork out 20k. We are talking about other condos in Centro thread. Hahahahahaaaa.

Seems like Centro really sucks because we are comparing the psf with sail and the prime districts but centro is in such a lousy location:doh::doh::doh:. I pity those who fork out 1200psf because I paid 900+psf for my TR, freehold.




I think OCR has a strong support level currently at 6xxpsf. prime districts are more open to fluctuations as you have mentioned about the Sail, its peak was 3XXXpsf which i thought was absolutely ridiculous. Apart from location, don't valuators actually bother to look at interior to gauge whether the property is worth 2XXX or 3XXXpsf? They seem to place full emphasis on location and obliviate other factors for property pricing when it comes to the prime. At 2XXX or 3XXX psf, it is more befitting of a condo which is luxury class and The Sail clearly is not. It looks more like an office building in the same area and resembles little of a private residential apartment.

It is so ironical that the government is now talking about capital gains tax from property and "punishing" property speculators when they deliberately leave valuations of private property to fluctuate madly. I would like to hear what forumers think about this.

jitkiat
30-07-09, 11:10
I don't know what is OCR. But if you are talking about suburban, then yes. 600psf is a supporting level. And HDB is supporting this 600psf. So if HDB collapse, the whole property market will be in shit.

From my experience on valuation from buying TR, banks usually see the past 2-3 months transactions. Take an average and probably offer another 10-15% extra in valuation. They have to do it because of business needs and sense. And they don't see interior. They let the market guage the psf, take an average and offer you max. 15% extra. Probably flooring and facing play a small part but won't make a big difference. Anyway, location is the main factor for a condo price. Design is second so location is still king.

I don't agree with you on the sail. From outside, it looks really great. Tall, majestic with a very very nice curve. At night, the 2 pillar lights are so prominent and nice. When you walk in, the design is still great. I remember got some water thing at the main lobby. Nice! The lift lobby is still a class above my TR. When reach the corridor, still look great. But the moment the door open, look like ordinary condo. When reach the toilet, I thought I was in a HDB flat. The most distinctive thing I remember was the tiles even though I went there twice only. Really look like some coffeeshop toilet tiles. Facilities is normal for a city area condo. Same as my TR but should have more facilities since it brand itself 6 stars. But facilities and gym still look class enough. If sail don't look like a condo, wait till you see MBR. IMO, if my TR can fetch 1.2k psf, sail should be doubled. Don't own any unit at sail but it is a nice project in a nice location. Interior really need to put in some $. But if you can buy at 2000psf, don't tell me you cannot fork out 20k. We are talking about other condos in Centro thread. Hahahahahaaaa.

Seems like Centro really sucks because we are comparing the psf with sail and the prime districts but centro is in such a lousy location:doh::doh::doh:. I pity those who fork out 1200psf because I paid 900+psf for my TR, freehold.

HDB price will not collapse anytime soon due to tight supply. Many times when asked in Parliament why HDB price is so high, the gov's answer: "spare a thought for those who bought in 1996 ... they still have negative asset"

august
30-07-09, 11:26
Seems like Centro really sucks because we are comparing the psf with sail and the prime districts but centro is in such a lousy location:doh::doh::doh:. I pity those who fork out 1200psf because I paid 900+psf for my TR, freehold.

sorry what is TR ah??? :confused:

august
30-07-09, 11:32
I don't agree with you on the sail. From outside, it looks really great. Tall, majestic with a very very nice curve. At night, the 2 pillar lights are so prominent and nice. When you walk in, the design is still great. I remember got some water thing at the main lobby. Nice! The lift lobby is still a class above my TR. When reach the corridor, still look great. But the moment the door open, look like ordinary condo. When reach the toilet, I thought I was in a HDB flat. The most distinctive thing I remember was the tiles even though I went there twice only. Really look like some coffeeshop toilet tiles. Facilities is normal for a city area condo. Same as my TR but should have more facilities since it brand itself 6 stars. But facilities and gym still look class enough. If sail don't look like a condo, wait till you see MBR. IMO, if my TR can fetch 1.2k psf, sail should be doubled. Don't own any unit at sail but it is a nice project in a nice location. Interior really need to put in some $. But if you can buy at 2000psf, don't tell me you cannot fork out 20k. We are talking about other condos in Centro thread. Hahahahahaaaa.


for the Sail only bay view high floor is commanding best psf.. the rest is not so attractive liao & not touching 2k psf for now~

Sail exterior is impressive indeed, it stands out for sure.. but MBR imo and MBS will be more luxurious and arguably better (although MBS will be blocked on all sides) as the new downtown takes shape..

bargain hunter
30-07-09, 12:10
err...since this is a centro thread and i thought centro already previewed, how's the response har? what with all the blank cheques that have been handed in potentially to buy at 1200psf?

gohsoonk
30-07-09, 13:52
I don't know what is OCR. But if you are talking about suburban, then yes. 600psf is a supporting level. And HDB is supporting this 600psf. So if HDB collapse, the whole property market will be in shit.

From my experience on valuation from buying TR, banks usually see the past 2-3 months transactions. Take an average and probably offer another 10-15% extra in valuation. They have to do it because of business needs and sense. And they don't see interior. They let the market guage the psf, take an average and offer you max. 15% extra. Probably flooring and facing play a small part but won't make a big difference. Anyway, location is the main factor for a condo price. Design is second so location is still king.

I don't agree with you on the sail. From outside, it looks really great. Tall, majestic with a very very nice curve. At night, the 2 pillar lights are so prominent and nice. When you walk in, the design is still great. I remember got some water thing at the main lobby. Nice! The lift lobby is still a class above my TR. When reach the corridor, still look great. But the moment the door open, look like ordinary condo. When reach the toilet, I thought I was in a HDB flat. The most distinctive thing I remember was the tiles even though I went there twice only. Really look like some coffeeshop toilet tiles. Facilities is normal for a city area condo. Same as my TR but should have more facilities since it brand itself 6 stars. But facilities and gym still look class enough. If sail don't look like a condo, wait till you see MBR. IMO, if my TR can fetch 1.2k psf, sail should be doubled. Don't own any unit at sail but it is a nice project in a nice location. Interior really need to put in some $. But if you can buy at 2000psf, don't tell me you cannot fork out 20k. We are talking about other condos in Centro thread. Hahahahahaaaa.

Seems like Centro really sucks because we are comparing the psf with sail and the prime districts but centro is in such a lousy location:doh::doh::doh:. I pity those who fork out 1200psf because I paid 900+psf for my TR, freehold.

You are correct. I feel that the crux of the pricing support is provided by the HDB flats.

When the dotcom bubble burst, There were many unoccupied flats in newer estates. Big time. Contractors went bust and HDB flats were delayed.

The recent new HDB schemes (BTO) was excellent to mitigate the bleeding in economic cycles but it provided a strong support as a result.

It is really interesting to experience the cycle this time round.

- I started showroom shopping in Oct'09. Showrooms were like ghost towns and I had all the attention from the agent from Oct 09 - Jan 09. Once Alexis and Caspian (both perceived as value for money) were launched with success, everyone became ready to pounce on "value for money" deals.

- I also perceive that the banks were more willing to help those tide over the mortagage loans. Examples are interest paying, mortgage holidays, etc. No point repossess and sell in a bad market (lose lose situation). I guess that helped to ease the panic as well.

- Developers gave discounts and the price difference from suburban condos and the strong HDB price narrowed. The price difference is "affordable" for most HDB upgraders. Everyone started to pack the showroom in droves whenever there was a discount.


- Some developers realised this and increased the price of the suburban condos sometime in April 09. Suddenly, price between OCR and RCR narrowed. People buy RCR as it is more "worth it". Again, the price of RCR went up and the story continued for CCR in May 09.

- Some developers who have closed their showrooms during the crisis are relauching at pre-crisis levels (obnoxiously rich to do this). Some of them cut up the 4 bedrooms and 3 bedrooms into 1 bedrooms and 2 bedrooms (emulating the success of Alexis concept of small is beautiful). Really amazing.

When prices go up, the masses learnt about it from the mainstream media and everyone is going in now to earn a bit of the pie. Fear of losing out.

Today, official statement has come out on the papers that a "bubble" might be coming up. Hmm...Does that mean another new ruling coming out soon?

Unfortunately, cycles are always repeated and greed never fails to blind us. Sometimes, I am blinded as well :(.

Daniel_Yee
30-07-09, 14:22
Twin regency. It's at Tiong Bahru.



sorry what is TR ah??? :confused:

wkang1970
30-07-09, 18:47
However, paying $1000psf and above for OCR, i rather pay $1000psf and above for RCR. :tongue3:



You are correct. I feel that the crux of the pricing support is provided by the HDB flats.

When the dotcom bubble burst, There were many unoccupied flats in newer estates. Big time. Contractors went bust and HDB flats were delayed.

The recent new HDB schemes (BTO) was excellent to mitigate the bleeding in economic cycles but it provided a strong support as a result.

It is really interesting to experience the cycle this time round.

- I started showroom shopping in Oct'09. Showrooms were like ghost towns and I had all the attention from the agent from Oct 09 - Jan 09. Once Alexis and Caspian (both perceived as value for money) were launched with success, everyone became ready to pounce on "value for money" deals.

- I also perceive that the banks were more willing to help those tide over the mortagage loans. Examples are interest paying, mortgage holidays, etc. No point repossess and sell in a bad market (lose lose situation). I guess that helped to ease the panic as well.

- Developers gave discounts and the price difference from suburban condos and the strong HDB price narrowed. The price difference is "affordable" for most HDB upgraders. Everyone started to pack the showroom in droves whenever there was a discount.


- Some developers realised this and increased the price of the suburban condos sometime in April 09. Suddenly, price between OCR and RCR narrowed. People buy RCR as it is more "worth it". Again, the price of RCR went up and the story continued for CCR in May 09.

- Some developers who have closed their showrooms during the crisis are relauching at pre-crisis levels (obnoxiously rich to do this). Some of them cut up the 4 bedrooms and 3 bedrooms into 1 bedrooms and 2 bedrooms (emulating the success of Alexis concept of small is beautiful). Really amazing.

When prices go up, the masses learnt about it from the mainstream media and everyone is going in now to earn a bit of the pie. Fear of losing out.

Today, official statement has come out on the papers that a "bubble" might be coming up. Hmm...Does that mean another new ruling coming out soon?

Unfortunately, cycles are always repeated and greed never fails to blind us. Sometimes, I am blinded as well :(.

andy
30-07-09, 21:58
However, paying $1000psf and above for OCR, i rather pay $1000psf and above for RCR. :tongue3:

Anyone know if Centro in AMK has been launched. How many has bought and at what $psf?

bargain hunter
30-07-09, 22:15
just saw the advert on tv for centro, i guess it has been launched. i asked the same question earlier today as i thought the preview was yesterday but no one seems to know. perhaps everyone has been put off by the touted 1150psf.




Anyone know if Centro in AMK has been launched. How many has bought and at what $psf?

ClemenceLY
30-07-09, 23:39
"Capsian" effect started the ball rolling, hopefully it is not the "Centro" effect that spoil the show :D :D :D

jitkiat
30-07-09, 23:43
Meadow@P already more than 1,000 psf. Quoted from h88.com.sg:

While we were there, a 12th floor 3BR on the point block was going for S$1.275m, so it's $1,066 psf for the 1,195 sqft apartment. A 9th floor, 635sqft 1+1 BR was going for S$695k, which works out to $1,094psf. It's likely that the units in the point block were going for a higher price.

At the time of writing about 250 units were all sold, with most of the high floor 1+1BRs were gone.

bargain hunter
31-07-09, 00:06
this was already the price when it was launched for this special 14 storey tower (but its refurbished not rebuilt) and the rest of the blocks are 5 storey only.



Meadow@P already more than 1,000 psf. Quoted from h88.com.sg:

While we were there, a 12th floor 3BR on the point block was going for S$1.275m, so it's $1,066 psf for the 1,195 sqft apartment. A 9th floor, 635sqft 1+1 BR was going for S$695k, which works out to $1,094psf. It's likely that the units in the point block were going for a higher price.

At the time of writing about 250 units were all sold, with most of the high floor 1+1BRs were gone.

bargain hunter
31-07-09, 09:47
"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.



Anyone know if Centro in AMK has been launched. How many has bought and at what $psf?

jitkiat
31-07-09, 09:59
"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.
Sure cannot sell out lah... HDB upgraders & speculators are not fools. The psf pricing is almost double DBR @ Simei @ 650psf. HDB in Ang Mo Kio is only 20% more expensive than that of Simei. But I am shocked that people are buying Meadow@P at 1000psf.

bargain hunter
31-07-09, 10:10
well, the take up for that "special" tower for M@P is not as good as the rest which are priced at 8xx to 9xx. From the news, still got 80 suckers buy? actually the absolute $ quantum is not that high because the unit sizes are so small. definitely not comfortable size.


Sure cannot sell one lah... HDB upgraders & speculators are not fools. The psf pricing is almost double DBR @ Simei @ 650psf. HDB in Ang Mo Kio is only 20% more expensive than that of Simei. But I am shocked that people are buying Meadow@P at 1000psf.

jitkiat
31-07-09, 10:16
well, the take up for that "special" tower for M@P is not as good as the rest which are priced at 8xx to 9xx. From the news, still got 80 suckers buy? actually the absolute $ quantum is not that high because the unit sizes are so small. definitely not comfortable size.

News that 80 units @ Centro sold.

Property_Owner
31-07-09, 11:01
Ah Beng and Ah Seng was having their coffee break one morning.

Seng: Beng, I heard you buy a new condo. So rich ah..:scared-4:
Beng: How you know? condo only mah. I only told ah lian and ah hua.:D
Seng: Ai ya, property so hot now. I also bought too. I just a HDB 5 room in AMK near MRT. You?:)
Beng: Wow. So close to me? I bought Centro. How much you bought yours? I bought a 3 room @ about 1.4m ONLY. 11xxpsf only, after discount some more.:spliff2:
Seng: 1.4m for a 3 room? So expensive! :doh:I bought mine about 580K. You stupid is it? So expensive yet you buy? No brain or what? why don't buy DBR? So much cheaper.
Beng: You call me stupid? :mad:You also stupid! Pay 580K for a HDB, why dun you buy punggol, so much cheaper too!
Seng: Beng, you taking a risk la, buy so high you monthly installment so much how to tong? My HDB difference, I'm using CPF mah, as long as I have my job will be enough to pay e installment for next 30 years.:D
Beng: dun worry lah, I under IAS, only paid 20% mah. the rest I worry 3 years later when TOP. 3 years time if enconomy improve sure pay raise, btw now market so hot, what if I can sell with a good profit before TOP. huat tak already.:D:D:D
Seng: What talking you? 11xxpsf how much you can sell? 1300psf? How long you need to wait? What if market turns bad? We still in recession you know.:scared-5::scared-5::scared-5:
Beng: You sour grapes lah, your HDB can only sell after 2 years, mine is condo lei, tomorrow if got people want to buy I can sell mine already. :D:D
Seng: I know condo can sell anytime, but our location same same mah. We have everything in common except i know your's is condo. Maybe plus a pool, gym n tennis court. I dun play tennis. So why your condo must be in higher demand, there are so many condo area AMK at much cheaper price. :doh:
Beng: Hey, Dun forget I have sky terrace on #33 hor. I can hold my parties at the sky terrace you can only have yours at the void. Provided no one book before you for wedding funtion hor. :D:D:D Plus Centros is by FEO lei, then what if granduer 8 get enbloc, then launch it as Rentro? They got to launch at least 1600psf loh.
Seng: Granduer 8 how many years only, how to enbloc? You die lah, how much up side you can have?
Beng: Dun worry lah. today newspaper said already,
''No property bubble forming, say developers''

sorry folks, my 2 cents. Got to go now. dun flame me hor An agent just sms me. Optima launch last night already. Sold about 150 units. Better act fast. LOL

bargain hunter
31-07-09, 11:09
the 3 bedroom units are small sized, 1.1 or 1.2m "nia"...at 1150psf



Ah Beng and Ah Seng was having their coffee break one morning.

Seng: Beng, I heard you buy a new condo. So rich ah..:scared-4:
Beng: How you know? condo only mah. I only told ah lian and ah hua.:D
Seng: Ai ya, property so hot now. I also bought too. I just a HDB 5 room in AMK near MRT. You?:)
Beng: Wow. So close to me? I bought Centro. How much you bought yours? I bought a 3 room @ about 1.4m ONLY. 11xxpsf only, after discount some more.:spliff2:
Seng: 1.4m for a 3 room? So expensive! :doh:I bought mine about 580K. You stupid is it? So expensive yet you buy? No brain or what? why don't buy DBR? So much cheaper.
Beng: You call me stupid? :mad:You also stupid! Pay 580K for a HDB, why dun you buy punggol, so much cheaper too!
Seng: Beng, you taking a risk la, buy so high you monthly installment so much how to tong? My HDB difference, I'm using CPF mah, as long as I have my job will be enough to pay e installment for next 30 years.:D
Beng: dun worry lah, I under IAS, only paid 20% mah. the rest I worry 3 years later when TOP. 3 years time if enconomy improve sure pay raise, btw now market so hot, what if I can sell with a good profit before TOP. huat tak already.:D:D:D
Seng: What talking you? 11xxpsf how much you can sell? 1300psf? How long you need to wait? What if market turns bad? We still in recession you know.:scared-5::scared-5::scared-5:
Beng: You sour grapes lah, your HDB can only sell after 2 years, mine is condo lei, tomorrow if got people want to buy I can sell mine already. :D:D
Seng: I know condo can sell anytime, but our location same same mah. We have everything in common except i know your's is condo. Maybe plus a pool, gym n tennis court. I dun play tennis. So why your condo must be in higher demand, there are so many condo area AMK at much cheaper price. :doh:
Beng: Hey, Dun forget I have sky terrace on #33 hor. I can hold my parties at the sky terrace you can only have yours at the void. Provided no one book before you for wedding funtion hor. :D:D:D Plus Centros is by FEO lei, then what if granduer 8 get enbloc, then launch it as Rentro? They got to launch at least 1600psf loh.
Seng: Granduer 8 how many years only, how to enbloc? You die lah, how much up side you can have?
Beng: Dun worry lah. today newspaper said already,
''No property bubble forming, say developers''

sorry folks, my 2 cents. Got to go now. dun flame me hor An agent just sms me. Optima launch last night already. Sold about 150 units. Better act fast. LOL

proud owner
31-07-09, 11:13
Ah Beng and Ah Seng was having their coffee break one morning.

Seng: Beng, I heard you buy a new condo. So rich ah..:scared-4:
Beng: How you know? condo only mah. I only told ah lian and ah hua.:D
Seng: Ai ya, property so hot now. I also bought too. I just a HDB 5 room in AMK near MRT. You?:)
Beng: Wow. So close to me? I bought Centro. How much you bought yours? I bought a 3 room @ about 1.4m ONLY. 11xxpsf only, after discount some more.:spliff2:
Seng: 1.4m for a 3 room? So expensive! :doh:I bought mine about 580K. You stupid is it? So expensive yet you buy? No brain or what? why don't buy DBR? So much cheaper.
Beng: You call me stupid? :mad:You also stupid! Pay 580K for a HDB, why dun you buy punggol, so much cheaper too!
Seng: Beng, you taking a risk la, buy so high you monthly installment so much how to tong? My HDB difference, I'm using CPF mah, as long as I have my job will be enough to pay e installment for next 30 years.:D
Beng: dun worry lah, I under IAS, only paid 20% mah. the rest I worry 3 years later when TOP. 3 years time if enconomy improve sure pay raise, btw now market so hot, what if I can sell with a good profit before TOP. huat tak already.:D:D:D
Seng: What talking you? 11xxpsf how much you can sell? 1300psf? How long you need to wait? What if market turns bad? We still in recession you know.:scared-5::scared-5::scared-5:
Beng: You sour grapes lah, your HDB can only sell after 2 years, mine is condo lei, tomorrow if got people want to buy I can sell mine already. :D:D
Seng: I know condo can sell anytime, but our location same same mah. We have everything in common except i know your's is condo. Maybe plus a pool, gym n tennis court. I dun play tennis. So why your condo must be in higher demand, there are so many condo area AMK at much cheaper price. :doh:
Beng: Hey, Dun forget I have sky terrace on #33 hor. I can hold my parties at the sky terrace you can only have yours at the void. Provided no one book before you for wedding funtion hor. :D:D:D Plus Centros is by FEO lei, then what if granduer 8 get enbloc, then launch it as Rentro? They got to launch at least 1600psf loh.
Seng: Granduer 8 how many years only, how to enbloc? You die lah, how much up side you can have?
Beng: Dun worry lah. today newspaper said already,
''No property bubble forming, say developers''

sorry folks, my 2 cents. Got to go now. dun flame me hor An agent just sms me. Optima launch last night already. Sold about 150 units. Better act fast. LOL




come to think of it ...

other than MRT noise .. if HDB void desk got wedding or funeral .. Centro can also "celebrate" at the same time ...

Property_Owner
31-07-09, 11:15
the 3 bedroom units are small sized, 1.1 or 1.2m "nia"...at 1150psf

example only. Optima or Centro I dun bother. :cheers1:

bargain hunter
31-07-09, 11:21
that's true, anyway, they are playing on "low" absolute quantum,small size and high psf...1.4m for Meadows, around 1.1m for Optima and Centro. in any case, above 1m for 3 bedrooms above these areas are really big commitments. Soon many people will have a >1m asset financed with 800k of debt or more. Good luck to buyers.



example only. Optima or Centro I dun bother. :cheers1:

Regulators
31-07-09, 11:30
So at some point when St Regis's selling price is on par with The Sail, it is justified?



And they don't see interior. They let the market guage the psf, take an average and offer you max. 15% extra. Probably flooring and facing play a small part but won't make a big difference. Anyway, location is the main factor for a condo price. Design is second so location is still king.

Daniel_Yee
31-07-09, 14:11
It's up to the buyers to judge. After all, it's their money. There is no such thing call justified or not. If want to justify, then property prices should be going down now since it is recession.

I have said people who buy Centro are dumb but if they make $50k or 100k in 2 weeks, do you think they are? Do you think they give a damn?

People say Metropolitan only worth 900psf. But those metro owners who sell 1200psf, you think they care?

If people say Sail should be lower than St regis, but selling way above St regis, you think the sail sellers give a shit?

So ultimately, it is the majority of the market that drive it. The minority like me can just talk and talk and say Centro not worth it, no rental yield etc......... But it is the majority of the market who determine and say "It is worth it". If not, why do you think Centro got takers at 1.2k psf and Sail is selling on par with Orchard now? Bay view even sell 50% higher than Orchard? Both got MRT but Sail is like a slum now.




So at some point when St Regis's selling price is on par with The Sail, it is justified?

Honesty
31-07-09, 22:11
Sure cannot sell out lah... HDB upgraders & speculators are not fools. The psf pricing is almost double DBR @ Simei @ 650psf. HDB in Ang Mo Kio is only 20% more expensive than that of Simei. But I am shocked that people are buying Meadow@P at 1000psf.

They are many type of people in this world, some are smart and some are stupid. So please don't be shocked.

proud owner
31-07-09, 22:15
They are many type of people in this world, some are smart and some are stupid. So please don't be shocked.


precisely

we need stupid people ... otherwise we cant be smart

we need people to buy high ... otherwise we cant unload

jc
31-07-09, 22:16
Just heard the Chinese news 1 "expert" claimed that real estate bubble has started to form cos Centro launched at prices higher than any other projects that were sold in AMK during the good times in 2007.

This naive guy forgot that this piece of land was bought during the good times at high px and bearing in mind the developer doesn't really have a history of making provisions, if not launch at this px then what px to even break even? Not forgetting u can't "keep" LH99 land for long...

How can one make a cause & effect conclusion just based on this?? :doh:

proud owner
31-07-09, 22:22
Just heard the Chinese news 1 "expert" claimed that real estate bubble has started to form cos Centro launched at prices higher than any other projects that were sold in AMK during the good times in 2007.

This naive guy forgot that this piece of land was bought during the good times at high px and bearing in mind the developer doesn't really have a history of making provisions, if not launch at this px then what px to even break even? Not forgetting u can't "keep" LH99 land for long...

How can one make a cause & effect conclusion just based on this?? :doh:

then again

just becos they were stupid enuff to buy the land at peak .. its a bad investment decision .. what justification do they have to sell higher ??

so its always a win win situation for developer ?? then everyone would want to be a develoeper ..it doesnt matter how much you pay for the land .. you are RIGHT to sell even higher .. no such thing as bad investment in developer's world ??

Honesty
31-07-09, 22:30
then again

just becos they were stupid enuff to buy the land at peak .. its a bad investment decision .. what justification do they have to sell higher ??

so its always a win win situation for developer ?? then everyone would want to be a develoeper ..it doesnt matter how much you pay for the land .. you are RIGHT to sell even higher .. no such thing as bad investment in developer's world ??

Very well said, there's always profit or loss in any investment.

But luckily.... there are suckers to support them...HENG AH!!!!!

proud owner
31-07-09, 22:35
Very well said, there's always profit or loss in any investment.

But luckily.... there are suckers to support them...HENG AH!!!!!

i said many times developers have close link with govt

once all finish launching and selling .. then the subsale war starts .. pushing it higehr ... THEN govt will come in

jc
31-07-09, 22:36
then again

just becos they were stupid enuff to buy the land at peak .. its a bad investment decision .. what justification do they have to sell higher ??

so its always a win win situation for developer ?? then everyone would want to be a develoeper ..it doesnt matter how much you pay for the land .. you are RIGHT to sell even higher .. no such thing as bad investment in developer's world ??

Haha... I am not disputing the fact developer bought high... They can write down value like Capland did for Char Yong Gdns or they can launch at high px. But even if there are takers, that does not equate bubble.

proud owner
31-07-09, 22:44
Haha... I am not disputing the fact developer bought high... They can write down value like Capland did for Char Yong Gdns or they can launch at high px. But even if there are takers, that does not equate bubble.


i m not saying anything about bubble


but a mere fact that its the mentality of the average sporeans that help make the Rich richer ..

thank you very much ..

i am torn between making money , and helping tom dick and harry make good decisions ..

$ vs conscience

Regulators
31-07-09, 23:01
hi daniel, it is not about having buyers to judge and decide the prices, coz that would be akin to property market manipulation. hypothetically, does it mean that if a rich Arab comes along and agrees to spend $2k psf buying up an few projects in jurong just because he likes jurong, jurong properties would be worth that much in future? Likewise if a goondu is going to pay $3kpsf for the Sail, does that put the sail, st regis and orchard scotts to be on par? i say not. Some condos like Seasons Park, Cairnhill Crest, Ardmore, St Regis, Orchard Scotts and many more are built for class and luxury living which is the reason why people pay that kinda price to live with people of the same strata and class at the very first instance. The Sail is a different animal. If it is being personified, it would be like a rags to riches story. At launch you get all kinds of hdb upgraders buying it and even aunties and uncles with hdb addresses get to queue up to buy the sail at cheap cheap prices. today, with that same mass market quality, it is being sold like a "luxury condo" just becoz it is near to the IR.
I think valuators in banks have become irrational and bonkers when it comes to valuations coz they cannot differentiate between luxury and mass market condos....:doh:


It's up to the buyers to judge. After all, it's their money. There is no such thing call justified or not. If want to justify, then property prices should be going down now since it is recession.

I have said people who buy Centro are dumb but if they make $50k or 100k in 2 weeks, do you think they are? Do you think they give a damn?

People say Metropolitan only worth 900psf. But those metro owners who sell 1200psf, you think they care?

If people say Sail should be lower than St regis, but selling way above St regis, you think the sail sellers give a shit?

So ultimately, it is the majority of the market that drive it. The minority like me can just talk and talk and say Centro not worth it, no rental yield etc......... But it is the majority of the market who determine and say "It is worth it". If not, why do you think Centro got takers at 1.2k psf and Sail is selling on par with Orchard now? Bay view even sell 50% higher than Orchard? Both got MRT but Sail is like a slum now.

cl0ver
31-07-09, 23:26
Clearly the Sail was marketed for its location and view, not really class or luxury. Otherwise, Modi would not have paid 15mil for the penthouse.
I do not think he is a goondu paying $2650psft. He bought it for a reason, to entertain clients.

If you compare this to the record price of $5,600 psf for a 53rd-storey private apartment in The Orchard Residences at $28.27 million which is 99-year leasehold unit, its hard to argue who is the bigger goondu?

Of course you can say that Orchard is a different league compared to Marina Bay but with the future developments, its not that far off...

focus
01-08-09, 00:13
hi daniel, it is not about having buyers to judge and decide the prices, coz that would be akin to property market manipulation. hypothetically, does it mean that if a rich Arab comes along and agrees to spend $2k psf buying up an few projects in jurong just because he likes jurong, jurong properties would be worth that much in future? Likewise if a goondu is going to pay $3kpsf for the Sail, does that put the sail, st regis and orchard scotts to be on par? i say not. Some condos like Seasons Park, Cairnhill Crest, Ardmore, St Regis, Orchard Scotts and many more are built for class and luxury living which is the reason why people pay that kinda price to live with people of the same strata and class at the very first instance. The Sail is a different animal. If it is being personified, it would be like a rags to riches story. At launch you get all kinds of hdb upgraders buying it and even aunties and uncles with hdb addresses get to queue up to buy the sail at cheap cheap prices. today, with that same mass market quality, it is being sold like a "luxury condo" just becoz it is near to the IR.
I think valuators in banks have become irrational and bonkers when it comes to valuations coz they cannot differentiate between luxury and mass market condos....:doh:

Why do you guys equate HDB address as poor people or low class people and Pte address as rich people and high class people?

I think those mass market condo pte address are the same as HDB.. and even if u live in luxury market address, it does not mean u got class, It just mean you are rich.

I think it's speaks volume of your class when you think you are above the HDB crowd.

thomastansb
01-08-09, 01:00
Talking about Sail will interest me.

1) Sellers and buyers set the price. If not, who do you think will set the price? Government? Remember in 2008 and Q1 2009, buyers retreat so badly because economic crisis worsen? Seller lan lan have to sell to me.

2) That stupid Arab shouldn't be rich in the first place. Where got people so dumb to buy Jurong at 2k? You are talking about the impossible. Have you heard of anyone buying at 2k?

3) Now, Sail is the same price as St regis. SR win in quality but Sail win in location. So now PSF almost on par. SR transacted price is 2k to 2.5k. 1 year later, SR can only smell the smoke but see no light. Sail carpark facing = St Regis best facing, best floor.

4) I remember my dad bought a big big HDB flat in bukit merah 30 years ago. Cost him about 20k I think. After 10 years, he rent his flat out (that time, need to close one door). Then he bought Llyod court. A super old house nobody want to take a look now. Think he bought less than 50k. Beside old lee house there and we stay there for close to 20 years. When my dad bought that house, got a lot of poor people, HDB upgraders and all people from all walk of life buying. My dad was one of the poor people. Guess the value now? Whether it is luxury or not, does it matter? So old and you should take a look at the lift. My friends all say look like haunted house. But who cares.. Might not be as nice as st. regis but I am very very sure it is worth at least 2 million now. Do you still think valuators gone berserk? Should value my dad's HDB at 30k and the Llyod apartment at 75k? Lastly, should Icon be valued at 450k? The price I bought a unit in 2003 SARS period.

5) During Sail launch, orchard was selling at 1k psf. Sail also. It is one of the highest PSF at that time. When it reaches 1.7k psf for tower 2, it is setting new benchmark for Singapore. You must use 2004 to do comparison and not compare today price with 2004 prices. Like this how to compare? You have been in the forum for so long, you should know prices go up and down. Sometimes, prices go up more because there are better things coming up there, eg: MRT, shopping centre. Sometimes, prices go down more because got workers dorm like Serangoon garden. Sometimes, high rental yield like Icon will drive the prices crazy. Good location will be always good location. It doesn't change. Look at Llyod court.

I think you are more irrational to think that Sail is actually overpriced. Or you are simply jealous that you don't own a unit there and prices have moved beyond your ability?



hi daniel, it is not about having buyers to judge and decide the prices, coz that would be akin to property market manipulation. hypothetically, does it mean that if a rich Arab comes along and agrees to spend $2k psf buying up an few projects in jurong just because he likes jurong, jurong properties would be worth that much in future? Likewise if a goondu is going to pay $3kpsf for the Sail, does that put the sail, st regis and orchard scotts to be on par? i say not. Some condos like Seasons Park, Cairnhill Crest, Ardmore, St Regis, Orchard Scotts and many more are built for class and luxury living which is the reason why people pay that kinda price to live with people of the same strata and class at the very first instance. The Sail is a different animal. If it is being personified, it would be like a rags to riches story. At launch you get all kinds of hdb upgraders buying it and even aunties and uncles with hdb addresses get to queue up to buy the sail at cheap cheap prices. today, with that same mass market quality, it is being sold like a "luxury condo" just becoz it is near to the IR.
I think valuators in banks have become irrational and bonkers when it comes to valuations coz they cannot differentiate between luxury and mass market condos....:doh:

Regulators
01-08-09, 01:04
no offense to hdb upgraders and i never say hdb dwellers are poor people. i am just trying to say you never get to see people living in hdbs queuing up to buy super luxury condos, more often finding them in mass market projects, The Sail having started off as that....



Why do you guys equate HDB address as poor people or low class people and Pte address as rich people and high class people?

I think those mass market condo pte address are the same as HDB.. and even if u live in luxury market address, it does not mean u got class, It just mean you are rich.

I think it's speaks volume of your class when you think you are above the HDB crowd.

thomastansb
01-08-09, 01:08
I agree with you but let's be realistic here lah..

You go 1 showflat and write HDB address and another showflat write MBR. Do you think you will have different treatment?

Today was at the sail. Saw some phamplets hanging on the car door. Then I take a closer look see it is a free leather card holder. It is from RBS and asking them to join as preferred customer. Coincidentally, only BMW, Merz, Audi and those expensive cars got. Japan car don't have. Korean cars of course no. It is just human nature to judge. This is life.



Why do you guys equate HDB address as poor people or low class people and Pte address as rich people and high class people?

I think those mass market condo pte address are the same as HDB.. and even if u live in luxury market address, it does not mean u got class, It just mean you are rich.

I think it's speaks volume of your class when you think you are above the HDB crowd.

thomastansb
01-08-09, 01:11
The Sail started off with psf close to Orchard condos... Now overtake most already.. 1 year later, as I mentioned earlier, smell smoke.



no offense to hdb upgraders and i never say hdb dwellers are poor people. i am just trying to say you never get to see people living in hdbs queuing up to buy super luxury condos, more often finding them in mass market projects, The Sail having started off as that....

Regulators
01-08-09, 01:29
St Regis was never launched at 1kpsf and the fact that The Sail could fluctuate so much speaks more of the mkt forces determining the prices rather than what it is worth. basing on ur argument about letting the market set the price, then the Arab who decides to buy into jurong at 2000psf would be setting the trend for such pricing in jurong as well, wouldnt it? You may say only an idiot would pay 2k psf for jurong, but what if that rich arab likes only the area and nowhere else in singapore so who are you to call him an idiot? A Prince who intends to settle in Singapore may even have to buy over hectares of land in Tuas, Sembawang or some ulu part of singapore to build his castle coz there isnt much land elsewhere with that kind of size in singapore. some foreigners would be calling those who pay $2k psf for any property a nut when commuting from east to west of singapore via PIE takes less than an hour.

btw nothing to get jealous about coz i have lived in much nicer places overlooking lakes and beautiful untainted natural surroundings in Edinburgh (Crammond) and as for singapore, I have been a neighbour to people of the Command House as my hilltop house overlooks it (you probably wouldnt even know what the name of the road is coz there are only 5 bungalows along that stretch of road). I dont like to brag, but i do not like people saying that i am jealous, get my point?


Talking about Sail will interest me.

1) Sellers and buyers set the price. If not, who do you think will set the price? Government? Remember in 2008 and Q1 2009, buyers retreat so badly because economic crisis worsen? Seller lan lan have to sell to me.

2) That stupid Arab shouldn't be rich in the first place. Where got people so dumb to buy Jurong at 2k? You are talking about the impossible. Have you heard of anyone buying at 2k?

3) Now, Sail is the same price as St regis. SR win in quality but Sail win in location. So now PSF almost on par. SR transacted price is 2k to 2.5k. 1 year later, SR can only smell the smoke but see no light. Sail carpark facing = St Regis best facing, best floor.

4) I remember my dad bought a big big HDB flat in bukit merah 30 years ago. Cost him about 20k I think. After 10 years, he rent his flat out (that time, need to close one door). Then he bought Llyod court. A super old house nobody want to take a look now. Think he bought less than 50k. Beside old lee house there and we stay there for close to 20 years. When my dad bought that house, got a lot of poor people, HDB upgraders and all people from all walk of life buying. My dad was one of the poor people. Guess the value now? Whether it is luxury or not, does it matter? So old and you should take a look at the lift. My friends all say look like haunted house. But who cares.. Might not be as nice as st. regis but I am very very sure it is worth at least 2 million now. Do you still think valuators gone berserk? Should value my dad's HDB at 30k and the Llyod apartment at 75k? Lastly, should Icon be valued at 450k? The price I bought a unit in 2003 SARS period.

5) During Sail launch, orchard was selling at 1k psf. Sail also. It is one of the highest PSF at that time. When it reaches 1.7k psf for tower 2, it is setting new benchmark for Singapore. You must use 2004 to do comparison and not compare today price with 2004 prices. Like this how to compare? You have been in the forum for so long, you should know prices go up and down. Sometimes, prices go up more because there are better things coming up there, eg: MRT, shopping centre. Sometimes, prices go down more because got workers dorm like Serangoon garden. Sometimes, high rental yield like Icon will drive the prices crazy. Good location will be always good location. It doesn't change. Look at Llyod court.

I think you are more irrational to think that Sail is actually overpriced. Or you are simply jealous that you don't own a unit there and prices have moved beyond your ability?

thomastansb
01-08-09, 06:29
Because SR wasn't launched in 2004. That is why. Might as well you compare with Llyod court in 1980s.

Actually, I feel tired explaining simple market theory to you. The Sail fluctuate so much because it is in a super prime, investment grade district. As you go further and further, the price doesn't fluctuate that much. MBR also goes up and down fast. So are Icon, Citylights, Clift etc but to a lesser extend. Of course, we won't see Livia up and down so fast because most are family occupied and doesn't attract many investors/flippers etc.

As for the Arab (I am getting tired), it is not going to happen. Your 'what if' is too ridiculous. Might as well you say what if suddenly Government say IR cannot commence then Sail drop to 30psf. So many 'what if', how do we go predicting all of them? I rather we see the fact, see the figures in URA, see the past trend and see some substantial thing, rather than what if here, what if there. The fact is that Sail is selling on average, 2000psf++. Go URA to see the hard figures. So are SR and most orchard properties. That is when Sail is still in a slum whereby Orchard is already fully developed. No doubt, Sail quality is no where near 6 stars but the common area like facilities, lobby, corridor is still acceptable to me. Only the unit interior is bad but spend some $ (maybe the same amount as the stamp duty), it will look great again. The curvy outlook is fantastic and I feel it has to be one of the best in Singapore.

Okok, I know you are really very rich and stay in a lot of good properties but you do sound like some sour grape hinting that sail price should drop back so that you can buy a couple of them and you sound like a kid with never-ending-ridiculous-never-happened-before what if here, what if there. The reality is - open today's straits time classified section and you get what I mean. Call any sail agent and ask them the psf for stack 1-6. Then you call SR agent and ask for the psf for the best stack, best floor.


St Regis was never launched at 1kpsf and the fact that The Sail could fluctuate so much speaks more of the mkt forces determining the prices rather than what it is worth. basing on ur argument about letting the market set the price, then the Arab who decides to buy into jurong at 2000psf would be setting the trend for such pricing in jurong as well, wouldnt it? You may say only an idiot would pay 2k psf for jurong, but what if that rich arab likes only the area and nowhere else in singapore so who are you to call him an idiot? A Prince who intends to settle in Singapore may even have to buy over hectares of land in Tuas, Sembawang or some ulu part of singapore to build his castle coz there isnt much land elsewhere with that kind of size in singapore. some foreigners would be calling those who pay $2k psf for any property a nut when commuting from east to west of singapore via PIE takes less than an hour.

btw nothing to get jealous about coz i have lived in much nicer places overlooking lakes and beautiful untainted natural surroundings in Edinburgh (Crammond) and as for singapore, I have been a neighbour to people of the Command House as my hilltop house overlooks it (you probably wouldnt even know what the name of the road is coz there are only 5 bungalows along that stretch of road). I dont like to brag, but i do not like people saying that i am jealous, get my point?

tantan
01-08-09, 07:28
Talking about Sail will interest me.

1) Sellers and buyers set the price. If not, who do you think will set the price? Government? Remember in 2008 and Q1 2009, buyers retreat so badly because economic crisis worsen? Seller lan lan have to sell to me.

2) That stupid Arab shouldn't be rich in the first place. Where got people so dumb to buy Jurong at 2k? You are talking about the impossible. Have you heard of anyone buying at 2k?

3) Now, Sail is the same price as St regis. SR win in quality but Sail win in location. So now PSF almost on par. SR transacted price is 2k to 2.5k. 1 year later, SR can only smell the smoke but see no light. Sail carpark facing = St Regis best facing, best floor.

4) I remember my dad bought a big big HDB flat in bukit merah 30 years ago. Cost him about 20k I think. After 10 years, he rent his flat out (that time, need to close one door). Then he bought Llyod court. A super old house nobody want to take a look now. Think he bought less than 50k. Beside old lee house there and we stay there for close to 20 years. When my dad bought that house, got a lot of poor people, HDB upgraders and all people from all walk of life buying. My dad was one of the poor people. Guess the value now? Whether it is luxury or not, does it matter? So old and you should take a look at the lift. My friends all say look like haunted house. But who cares.. Might not be as nice as st. regis but I am very very sure it is worth at least 2 million now. Do you still think valuators gone berserk? Should value my dad's HDB at 30k and the Llyod apartment at 75k? Lastly, should Icon be valued at 450k? The price I bought a unit in 2003 SARS period.

5) During Sail launch, orchard was selling at 1k psf. Sail also. It is one of the highest PSF at that time. When it reaches 1.7k psf for tower 2, it is setting new benchmark for Singapore. You must use 2004 to do comparison and not compare today price with 2004 prices. Like this how to compare? You have been in the forum for so long, you should know prices go up and down. Sometimes, prices go up more because there are better things coming up there, eg: MRT, shopping centre. Sometimes, prices go down more because got workers dorm like Serangoon garden. Sometimes, high rental yield like Icon will drive the prices crazy. Good location will be always good location. It doesn't change. Look at Llyod court.

I think you are more irrational to think that Sail is actually overpriced. Or you are simply jealous that you don't own a unit there and prices have moved beyond your ability?

Agree. When my father brought a property before S'pore build the mrt. Price fluctuate up & down within certain low band width. After S'pore built the mrt, all the properties prices were upgraded to the medium band width (fluctuate up & down within this medium band) but never go back to the prices seen before mrt time. Now, with the remaking of S'pore (IR, all the different hubs, Garden by the bay, new orchard & etc), we will be moving towards the high band width, price fluctuation up & down within this high band width. Prices will never go back to the previous era. Just look at the recent drop in property prices, economic is the worst in S'pore history but prices never drop below the prices seen before the remaking of S'pore.

cheerful
01-08-09, 11:41
Clap clap .... well said!
& can understand why u feeling tired ... seems like only arab buying jurong is not called crazy (but the others buying centris wld be considered as stupid) :p

*thumbs up*


Because SR wasn't launched in 2004. That is why. Might as well you compare with Llyod court in 1980s.

Actually, I feel tired explaining simple market theory to you. The Sail fluctuate so much because it is in a super prime, investment grade district. As you go further and further, the price doesn't fluctuate that much. MBR also goes up and down fast. So are Icon, Citylights, Clift etc but to a lesser extend. Of course, we won't see Livia up and down so fast because most are family occupied and doesn't attract many investors/flippers etc.

As for the Arab (I am getting tired), it is not going to happen. Your 'what if' is too ridiculous. Might as well you say what if suddenly Government say IR cannot commence then Sail drop to 30psf. So many 'what if', how do we go predicting all of them? I rather we see the fact, see the figures in URA, see the past trend and see some substantial thing, rather than what if here, what if there. The fact is that Sail is selling on average, 2000psf++. Go URA to see the hard figures. So are SR and most orchard properties. That is when Sail is still in a slum whereby Orchard is already fully developed. No doubt, Sail quality is no where near 6 stars but the common area like facilities, lobby, corridor is still acceptable to me. Only the unit interior is bad but spend some $ (maybe the same amount as the stamp duty), it will look great again. The curvy outlook is fantastic and I feel it has to be one of the best in Singapore.

Okok, I know you are really very rich and stay in a lot of good properties but you do sound like some sour grape hinting that sail price should drop back so that you can buy a couple of them and you sound like a kid with never-ending-ridiculous-never-happened-before what if here, what if there. The reality is - open today's straits time classified section and you get what I mean. Call any sail agent and ask them the psf for stack 1-6. Then you call SR agent and ask for the psf for the best stack, best floor.

jitkiat
01-08-09, 12:06
Any investment grade instrument with high volatility, just let the market decide, it is like buying Apple stock in anticipation of launch of iPhone. When iPhone launched, if beyond expectation, will go up more. If meet expectation, could go down or go sideway. If cannot meet expectation, crash. The Sail's price is very much tied to success of IR. If IR not that successful, then naturally The Sail's price will crash. High risk high gain, no risk no gain.

august
01-08-09, 14:34
I agree with you but let's be realistic here lah..

You go 1 showflat and write HDB address and another showflat write MBR. Do you think you will have different treatment?

Today was at the sail. Saw some phamplets hanging on the car door. Then I take a closer look see it is a free leather card holder. It is from RBS and asking them to join as preferred customer. Coincidentally, only BMW, Merz, Audi and those expensive cars got. Japan car don't have. Korean cars of course no. It is just human nature to judge. This is life.

this is true, i drive a continental make & parked at the wheelock ura car park.. when i came back saw a piece of paper stuck to wiper.. wah piang! thot jialat liao tio summon... then see oh its a pamphlet for some newton pty preview, the other cars around (jap or korean make) dun have ~ :o

Regulators
01-08-09, 14:47
the Arab example was just a hypothetical situation to illustrate ur flawed theory. Ur theory is mkt forces decide pxs so effectively u need just a few rich players to turn Jurong into a prime district by manipulatng the mkt in that area
Because SR wasn't launched in 2004. That is why. Might as well you compare with Llyod court in 1980s.

Actually, I feel tired explaining simple market theory to you. The Sail fluctuate so much because it is in a super prime, investment grade district. As you go further and further, the price doesn't fluctuate that much. MBR also goes up and down fast. So are Icon, Citylights, Clift etc but to a lesser extend. Of course, we won't see Livia up and down so fast because most are family occupied and doesn't attract many investors/flippers etc.

As for the Arab (I am getting tired), it is not going to happen. Your 'what if' is too ridiculous. Might as well you say what if suddenly Government say IR cannot commence then Sail drop to 30psf. So many 'what if', how do we go predicting all of them? I rather we see the fact, see the figures in URA, see the past trend and see some substantial thing, rather than what if here, what if there. The fact is that Sail is selling on average, 2000psf++. Go URA to see the hard figures. So are SR and most orchard properties. That is when Sail is still in a slum whereby Orchard is already fully developed. No doubt, Sail quality is no where near 6 stars but the common area like facilities, lobby, corridor is still acceptable to me. Only the unit interior is bad but spend some $ (maybe the same amount as the stamp duty), it will look great again. The curvy outlook is fantastic and I feel it has to be one of the best in Singapore.

Okok, I know you are really very rich and stay in a lot of good properties but you do sound like some sour grape hinting that sail price should drop back so that you can buy a couple of them and you sound like a kid with never-ending-ridiculous-never-happened-before what if here, what if there. The reality is - open today's straits time classified section and you get what I mean. Call any sail agent and ask them the psf for stack 1-6. Then you call SR agent and ask for the psf for the best stack, best floor.

thomastansb
01-08-09, 16:07
Location good = Buyer willing to pay more = Seller want to sell higher = More money come in = Property up

Jurong = Suburban = Buyer willing to pay less = Seller knows the situation and likely to sell for lesser = Lesser money = Property up lesser


Let's use your Arab case then. Assumption = Got 10 stupid arabs looking at Jurong area. Let's say got ten properties sold at 3k psf in Jurong. You think can change anything? People still continue to buy < 1k psf because got a lot of Condos around willing to sell lesser because they know the location is not good and is far from prime areas. Although many sellers now know their property can fetch 3k psf, geniune sellers will still sell below 1k psf when they wait too long and no buyers.

For Sail, sellers know the location is good and are not willing to let it go cheap. Buyer also know the location is good and are willing to pay more. Buyers can look elsewhere but only got Sail and MBR now. Nearest will be Icon, clift, orchard etc. So slowly, prices will move up until 3k+ in 2007 and 2008.

Supply and demand logic.



the Arab example was just a hypothetical situation to illustrate ur flawed theory. Ur theory is mkt forces decide pxs so effectively u need just a few rich players to turn Jurong into a prime district by manipulatng the mkt in that area

august
01-08-09, 16:25
Mkt forces is never perfect. Correct me if i am wrong, but luxury and top projects e.g. mbr, orchard (less for sail cos sail got 1000 units hehe) usually have agents operating in groups to corner or manipulate price. Owners also tend to own several units in the project too.. but this can work for owners in the sense that the high psf acts as an entry barrier, and their interests r protected. Even when mkt crashes the price still remains high enough out of reach of the masses. And when mkt booms & foreign funds flood in the owners hor say liao ~

anyway i think once u hit the prime segment league, the asset wealth more or less is protected to a large extent barring no unforeseen factors like war or natural disasters etc. :2cents:

gfoo
01-08-09, 16:46
thomas, dun bother lah. 6 more months and we'll see lor.

meanwhile, am sitting by the window looking at the boats with their funny hello kitty balloons. gg go tahpow pasta fr da paolos in time for the 820pm fireworks.

eh when we having a beer at harrys?

gfoo
01-08-09, 17:41
Many things decide price. Aspiration is one of them. It is human nature to aspire to better things in the future, sometimes even when it doesn't make sense.

A young girl would aspire to own a bottega bag one day. A young man would aspire to own a veyron. Some aspire to be a lawyer. Such aspirations are rooted in history, tradition, and human nature is shallow. But society will always continue to perpetuate this.

Whether you like it or not, the sail is a present day icon. People aspire to stay at the sail, just as they aspire to stay at other icons like st regis, or ion orchard, are deemed representations of singapore's success, and is and will continue to pepper TV screens everytime the PAP shouts how wonderful we have become. There are reasons why these properties become icons, thomastansb and others have already given many.

no one aspires to stay at beacon heights bordered by expressways, longkangs in the heartlands, or centro or optima. Even taxi drivers will say 'har? simi lai eh?' a kid at marina bay watching ndp fireworks, sees the sail and mbr will say: 'one day i wanna become doctor, drive ferrari, stay there' he's not gonna dream of: 'doctor, ferrari, beacon heights'

so tune in the NDP live telecast next sunday and do enjoy the telecast - because ever so often, you will see the sail in the near distance, and probably reflections of the fireworks off the glass facade.

orange
01-08-09, 19:25
fk lah, seasons park is in yio chu kang lah. the orchard one is called four seasons park.... want to argue also get your facts right lah.

Property_Owner
01-08-09, 22:27
Many things decide price. Aspiration is one of them. It is human nature to aspire to better things in the future, sometimes even when it doesn't make sense.

A young girl would aspire to own a bottega bag one day. A young man would aspire to own a veyron. Some aspire to be a lawyer. Such aspirations are rooted in history, tradition, and human nature is shallow. But society will always continue to perpetuate this.

Whether you like it or not, the sail is a present day icon. People aspire to stay at the sail, just as they aspire to stay at other icons like st regis, or ion orchard, are deemed representations of singapore's success, and is and will continue to pepper TV screens everytime the PAP shouts how wonderful we have become. There are reasons why these properties become icons, thomastansb and others have already given many.

no one aspires to stay at beacon heights bordered by expressways, longkangs in the heartlands, or centro or optima. Even taxi drivers will say 'har? simi lai eh?' a kid at marina bay watching ndp fireworks, sees the sail and mbr will say: 'one day i wanna become doctor, drive ferrari, stay there' he's not gonna dream of: 'doctor, ferrari, beacon heights'

so tune in the NDP live telecast next sunday and do enjoy the telecast - because ever so often, you will see the sail in the near distance, and probably reflections of the fireworks off the glass facade.

Guess you love Sail more then wifey.

gfoo
01-08-09, 22:39
Guess you love Sail more then wifey.

no lah, pple cheesiow here so my kah chng also chior. me and wifey already agreed on profit tgt - once met sell, dun look back. then buy a houseboat at one15, morning wake up mari kita and empty into cove waterways, sing hallelujah to neighbours in the condos. :)

august
01-08-09, 22:42
no lah, pple cheesiow here so my kah chng also chior. me and wifey already agreed on profit tgt - once met sell, dun look back. then buy a houseboat at one15, morning wake up mari kita and empty into cove waterways, sing hallelujah to neighbours in the condos. :)

urs is tower 1 non bay view rite? how much now ah??

gfoo
01-08-09, 23:00
urs is tower 1 non bay view rite? how much now ah??

from living rm sofa, can see artscience museum to visitor cte. fr mini balcony, the full ndp floating platform. stick head out, see marina sq (luckily the sail architecture has a curvature). 2/3 fireworks from living room nia, but at the price i paid (same price as centro) i ain't complaining - although i sometime kick myself for being kiam kana - shdve gotten the twr 2 super high flr full bay view at 1.5k psf

dunno nvr chk, but i know twr 2 asking now 2.5k avg. mine maybe 1.7-2k?

august
01-08-09, 23:10
from living rm sofa, can see artscience museum to visitor cte. fr mini balcony, the full ndp floating platform. stick head out, see marina sq (luckily the sail architecture has a curvature). 2/3 fireworks from living room nia, but at the price i paid (same price as centro) i ain't complaining - although i sometime kick myself for being kiam kana - shdve gotten the twr 2 super high flr full bay view at 1.5k psf

dunno nvr chk, but i know twr 2 asking now 2.5k avg. mine maybe 1.7-2k?
sounds like tower 2 leh.. which stack isit?

ya tower 1 bay view (stack 1 to 6) now 2.5k and above liao

gfoo
01-08-09, 23:17
sounds like tower 2 leh.. which stack isit?

ya tower 1 bay view (stack 1 to 6) now 2.5k and above liao

sorry i got it tobalek.

we are thinking of waiting to see how the whole locale turns out in 6 months before we start marketing for sale. kinda fun imagining ourselves in segways zip here zip there. see how lah, 6 more months nia, let mr market decide.

Property_Owner
02-08-09, 01:38
from living rm sofa, can see artscience museum to visitor cte. fr mini balcony, the full ndp floating platform. stick head out, see marina sq (luckily the sail architecture has a curvature). 2/3 fireworks from living room nia, but at the price i paid (same price as centro) i ain't complaining - although i sometime kick myself for being kiam kana - shdve gotten the twr 2 super high flr full bay view at 1.5k psf

dunno nvr chk, but i know twr 2 asking now 2.5k avg. mine maybe 1.7-2k?

I see, know e stack already.
Pal, who knows. If I had known the market now, would had bought those ardmore II @ 1700psf without thinking.

august
02-08-09, 10:20
sorry i got it tobalek.

we are thinking of waiting to see how the whole locale turns out in 6 months before we start marketing for sale. kinda fun imagining ourselves in segways zip here zip there. see how lah, 6 more months nia, let mr market decide.

6 mths? MBFC, gardens, retail belt etc not up yet leh. In 2 to 3 yrs when all is up then hor say liao ~ :o

Regulators
02-08-09, 20:27
go back to your slum lah....i was talking about luxury condo here so only someone of ur class would associate the four seasons park i was talking about to the one in yio chu kang. :doh: :doh:


fk lah, seasons park is in yio chu kang lah. the orchard one is called four seasons park.... want to argue also get your facts right lah.

Regulators
02-08-09, 20:42
i can understand ur over-enthusiasm in staying at ur new place, but picture a tired working professional who works in a high-rise office in shenton way, faces concrete all day and can't wait to get out of that concrete jungle to go home to a quiet and exclusive place with plenty of greenery around, a short walk to the nature park or a short walk to the beach. Not everybody aspires to live in the place you deem people as aspiring to live. Unlike some guy you picture staring up at the "office building-like private apartment" salivating, I would rather return home to my balcony which overlooks a garden with a few rambutan trees and take a nice walk in my peaceful neighbourhood with lots of lush greenery and natural landscaping.




Many things decide price. Aspiration is one of them. It is human nature to aspire to better things in the future, sometimes even when it doesn't make sense.

A young girl would aspire to own a bottega bag one day. A young man would aspire to own a veyron. Some aspire to be a lawyer. Such aspirations are rooted in history, tradition, and human nature is shallow. But society will always continue to perpetuate this.

Whether you like it or not, the sail is a present day icon. People aspire to stay at the sail, just as they aspire to stay at other icons like st regis, or ion orchard, are deemed representations of singapore's success, and is and will continue to pepper TV screens everytime the PAP shouts how wonderful we have become. There are reasons why these properties become icons, thomastansb and others have already given many.

no one aspires to stay at beacon heights bordered by expressways, longkangs in the heartlands, or centro or optima. Even taxi drivers will say 'har? simi lai eh?' a kid at marina bay watching ndp fireworks, sees the sail and mbr will say: 'one day i wanna become doctor, drive ferrari, stay there' he's not gonna dream of: 'doctor, ferrari, beacon heights'

so tune in the NDP live telecast next sunday and do enjoy the telecast - because ever so often, you will see the sail in the near distance, and probably reflections of the fireworks off the glass facade.

Daniel_Yee
02-08-09, 21:56
I don't stay at the sail but I understand there is a sea there, a bay, garden by the bay, another garden beside the sail. Shit man, should have bought a unit there. knn. Walk finish the garden, can walk across to marina south in future and continue walking the garden. Walk until leg want to break can go IR shop and eat a bit. Then come out and continue to walk along the bay and smell the breeze. After walking tired again, can go eat at lau pa sat or shop below the garden. But it is really therapeutic to watch the sea or bay.




i can understand ur over-enthusiasm in staying at ur new place, but picture a tired working professional who works in a high-rise office in shenton way, faces concrete all day and can't wait to get out of that concrete jungle to go home to a quiet and exclusive place with plenty of greenery around, a short walk to the nature park or a short walk to the beach. Not everybody aspires to live in the place you deem people as aspiring to live. Unlike some guy you picture staring up at the "office building-like private apartment" salivating, I would rather return home to my balcony which overlooks a garden with a few rambutan trees and take a nice walk in my peaceful neighbourhood with lots of lush greenery and natural landscaping.

cl0ver
03-08-09, 12:59
why is the Sail a hot topic on almost every forum here?
This is about Centro!

Anyway, visited the showroom. Agents told me that 2bedders are expected to rent out about $2.5k! :doh:
what kind of yield is that when you are paying $1150psft.

bargain hunter
03-08-09, 14:19
yeah...i was trying to steer pple back to discuss centro to no avail in my earlier post a few days back hee. so how was the take-up rate in addition to the initial 80 units taken up?





why is the Sail a hot topic on almost every forum here?
This is about Centro!

Anyway, visited the showroom. Agents told me that 2bedders are expected to rent out about $2.5k! :doh:
what kind of yield is that when you are paying $1150psft.

richwang
03-08-09, 14:35
Not to worry, Far East can launch it again when it is TOP 2 or 3 years later. By then, 1XXX psf might be the right price.
Plus, if AMK can sell at 1200 psf, surely SilverSea can sell at 1400 psf, Rafflisian should all sold out, and Blue Horizon, etc, etc. Enough money made elsewhere.
That's why they build the show room not at the site - for LONG Term investors.
By the way, with the rule change of bank loan for HDB from 60 remaining years to 30 remaining years, are banks changing rules for private property as well? I mean can the 2nd buyer get a loan when the building has 30 years lease left? Thanks,

cl0ver
03-08-09, 15:14
take up rate is quite mixed.
almost all 2bedders were taken, which i would think purely for investment hence more speculators. but was shocked when the agents predicted rental of only 2.5k max.

plenty of 3 and 4 bedders as of Sunday evening, with only less than 10 units sold.
therefore, its hard to convince families or hdb upgraders to buy it for own stay.

tick
03-08-09, 16:48
Few months back, Grandeur8, of 3-bedder can fetch around $3,5-$4k rental, and it was costing about $600 psf then.

What kind of rental yields is the Centro trying to con suckers?:scared-4:


why is the Sail a hot topic on almost every forum here?
This is about Centro!

Anyway, visited the showroom. Agents told me that 2bedders are expected to rent out about $2.5k! :doh:
what kind of yield is that when you are paying $1150psft.

qianfugui
03-08-09, 16:55
Not to worry, Far East can launch it again when it is TOP 2 or 3 years later. By then, 1XXX psf might be the right price.
Plus, if AMK can sell at 1200 psf, surely SilverSea can sell at 1400 psf, Rafflisian should all sold out, and Blue Horizon, etc, etc. Enough money made elsewhere.
That's why they build the show room not at the site - for LONG Term investors.
By the way, with the rule change of bank loan for HDB from 60 remaining years to 30 remaining years, are banks changing rules for private property as well? I mean can the 2nd buyer get a loan when the building has 30 years lease left? Thanks,

Potential Centro buyers/suckers mightv as well consider FEO more grandisose FH project better condo facilities at Jalan Datoh/ Thomson (next to CDL The Arte) if die die must buy at above $1.1 k psf. More prestigious location FH some more.:doh:

cl0ver
03-08-09, 17:35
true, although they are technically balestier in terms of postcode, i thought the Arte was a good buy at launch of 850psft

teddybear
03-08-09, 18:52
Thought Belestier anyhow also better than AMK? AMK is just a big HDB estate basically. Too crowded, roads always jammed badly, is in OCR (far away from city) etc.


true, although they are technically balestier in terms of postcode, i thought the Arte was a good buy at launch of 850psft

cl0ver
03-08-09, 19:33
Centro is exactly ICON build in AMK.
it remains to be seen how many are taking up the bigger units.

FEO are really good at marketing.
2+1 brm they call 3brm.
Difference between 3brm premium and 3brm is less than 200sft.

bargain hunter
03-08-09, 20:40
that's terrible, I thought Centro being in AMK would be more targeted for the 3 bedroom family upgraders.

Like you said, if for real investment (ie buy with intention to rent out) the rent is too low to support the psf and if many of these buyers are out to flip the units then it will be a total disaster.



take up rate is quite mixed.
almost all 2bedders were taken, which i would think purely for investment hence more speculators. but was shocked when the agents predicted rental of only 2.5k max.

plenty of 3 and 4 bedders as of Sunday evening, with only less than 10 units sold.
therefore, its hard to convince families or hdb upgraders to buy it for own stay.

bargain hunter
03-08-09, 20:43
FEO won't cannibalise their own projects. They are sure to increase the psf for future Vista release to a premium above Centro. :doh:



Potential Centro buyers/suckers mightv as well consider FEO more grandisose FH project better condo facilities at Jalan Datoh/ Thomson (next to CDL The Arte) if die die must buy at above $1.1 k psf. More prestigious location FH some more.:doh:

gfoo
03-08-09, 22:21
A 297- UNIT condominium Optima@ Tanah Merah has sold out three days after its public preview on Thursday.
Units were sold at an average sales price of about $810 per sq ft, said developer TID in a statement on Monday.

The 99-year leasehold condo, to be built right next to Tanah MRT station, had attracted a queue days before its launch.

Demand for it was so strong that the developer TID had to hold two rounds of balloting. About 600 ballots were cast.

There was a good mix of buyers, including HDB and private property owners, said TID.

Optima is expected to receive its temporary occupation permit by 2014.

In a separate statement on Monday, Far East Organisation said it has sold 93 out of 144 units released at Centro Residences in Ang Mo Kio. Prices at the 34-storey, 329-unit condo started from $1,100 psf.

bargain hunter
03-08-09, 22:36
so after the 1st day preview euphoria of 80 units, ONLY 13 UNITS SOLD SINCE ADVERTS FROM LAST THURS TO SUN? wahahaha...:cheers4: another silversea style of "thanks for good response and support."

on a sidetrack, i had a friend who went to silversea and was told there were few units left. when i told him that they had only sold less than 100 units, he said he felt the agent was representing to him that not many units left rather than many units not released. anyway, he said its crazy to pay 1300 for non seaview or 1600 for seaview.

i don't see silversea ads around anymore. :tongue3:



A 297- UNIT condominium Optima@ Tanah Merah has sold out three days after its public preview on Thursday.
Units were sold at an average sales price of about $810 per sq ft, said developer TID in a statement on Monday.

The 99-year leasehold condo, to be built right next to Tanah MRT station, had attracted a queue days before its launch.

Demand for it was so strong that the developer TID had to hold two rounds of balloting. About 600 ballots were cast.

There was a good mix of buyers, including HDB and private property owners, said TID.

Optima is expected to receive its temporary occupation permit by 2014.

In a separate statement on Monday, Far East Organisation said it has sold 93 out of 144 units released at Centro Residences in Ang Mo Kio. Prices at the 34-storey, 329-unit condo started from $1,100 psf.

gfoo
03-08-09, 22:44
so after the 1st day preview euphoria of 80 units, ONLY 13 UNITS SOLD SINCE ADVERTS FROM LAST THURS TO SUN? wahahaha...:cheers4: another silversea style of "thanks for good response and support."

on a sidetrack, i had a friend who went to silversea and was told there were few units left. when i told him that they had only sold less than 100 units, he said he felt the agent was representing to him that not many units left rather than many units not released. anyway, he said its crazy to pay 1300 for non seaview or 1600 for seaview.

i don't see silversea ads around anymore. :tongue3:

The scary part is that they actually managed to convince 13 morons to pay $1100psf and up for AMK 99yr. That's 2 morons a day. At this rate, 3 more months and it'll be fully sold.

Trust me, at this price, no facing silversea at 1300psf is considered a steal compared to hdb facing Centro. it's like comparing hard sai to lao sai - both are still sai, but one is less chialat.

bargain hunter
03-08-09, 22:57
i guess there is some differentiation needed here. the 1300psf for silversea comes with larger unit size for say 3 bedder, thus, the absolute quantum is much higher even though psf difference is "not so great", thus, higher resistance to buy.

centro's so called "compact 3 bedder", (clover pointed out that its actually a 2 + 1) repackaged con job, is much smaller than a silversea 3 bedder and the quantum is "much more affordable". so i guess we can't make a direct psf comparison.

as clover also pointed out, the hot 1, 2 and maybe 2+1? already snapped up and there is resistance out there to buy the higher $ quantum bigger 3 and 4 bedders at high psf so maybe not so many people will be conned.

its not just the 13, the first 80 were the first excited bunch who maybe thought they could flip and probably grabbed all these small units. good luck to all 93 buyers.



The scary part is that they actually managed to convince 13 morons to pay $1100psf and up for AMK 99yr. That's 2 morons a day. At this rate, 3 more months and it'll be fully sold.

Trust me, at this price, no facing silversea at 1300psf is considered a steal compared to hdb facing Centro. it's like comparing hard sai to lao sai - both are still sai, but one is less chialat.

proud owner
03-08-09, 23:04
i guess there is some differentiation needed here. the 1300psf for silversea comes with larger unit size for say 3 bedder, thus, the absolute quantum is much higher even though psf difference is "not so great", thus, higher resistance to buy.

centro's so called "compact 3 bedder", (clover pointed out that its actually a 2 + 1) repackaged con job, is much smaller than a silversea 3 bedder and the quantum is "much more affordable". so i guess we can't make a direct psf comparison.

as clover also pointed out, the hot 1, 2 and maybe 2+1? already snapped up and there is resistance out there to buy the higher $ quantum bigger 3 and 4 bedders at high psf so maybe not so many people will be conned.

its not just the 13, the first 80 were the first excited bunch who maybe thought they could flip and probably grabbed all these small units. good luck to all 93 buyers.


in short the buyers are POOR people who can only afford tiny units .. as long as the quamtum is low ..then they can buy, can afford ..

isnt that risky ? and speculative ?

gfoo
03-08-09, 23:07
in short the buyers are POOR people who can only afford tiny units .. as long as the quamtum is low ..then they can buy, can afford ..

isnt that risky ? and speculative ?

shhhh... nvm, let it continue. my LTV dropped to 20%. gonna refinance a bit, free up some cash, buy a nice toy. market MUST continue to rise these 2 months until i get my moolah.

sleek
03-08-09, 23:09
in short the buyers are POOR people who can only afford tiny units .. as long as the quamtum is low ..then they can buy, can afford ..

isnt that risky ? and speculative ?

Think lately the news had also been highlighting that such small units are easier to rent and sell, as compared to the larger units. :doh:

bargain hunter
03-08-09, 23:24
don't say people poor, they can commit $1m to buy a condo financed by 800k loan only wor. guess that also answers your risky/speculative part. :D a tiny small 3 bedroom for 1m? hmm...


in short the buyers are POOR people who can only afford tiny units .. as long as the quamtum is low ..then they can buy, can afford ..

isnt that risky ? and speculative ?

gfoo
03-08-09, 23:26
Think lately the news had also been highlighting that such small units are easier to rent and sell, as compared to the larger units. :doh:

okayyyy, so say a person paid $500k for a 500sqft studio in the suburbs, stretch 35 years 80% loan. his breakeven w/o profit is $1700 after conservancy and taxes.

Who would pay $1700 p.m to rent a 500sqft studio in the suburbs?

jitkiat
03-08-09, 23:26
don't say people poor, they can commit $1m to buy a condo financed by 800k loan only wor. guess that also answers your risky/speculative part. :D a tiny small 3 bedroom for 1m? hmm...

Yalor, dun say ppl poor. They are CASH POOR but high income to get that 800k loan and probably CPF enough to pay 15% ... not POOR ... otherwise lots of highly educated young new condo owners will get offended :D This trend started with DBSS flats BTW.

proud owner
03-08-09, 23:27
don't say people poor, they can commit $1m to buy a condo financed by 800k loan only wor. guess that also answers your risky/speculative part. :D a tiny small 3 bedroom for 1m? hmm...


its something new ..

call UPGRADE , DOWNSIZE

even Mcdonald's havent thought of that

proud owner
03-08-09, 23:31
CASH POOR but high income to get that 800k loan and probably CPF enough to pay 15% ... not POOR ... otherwise lots of highly educated young new condo owners will get offended :D This trends started with DBSS flats BTW.

ok ok sorry sorry

to all HDBians moving to Centros / Optima (optimum return? for developers, ahha)

bargain hunter
04-08-09, 01:06
because Mcdonald's don't allow credit mah...UPGRADE, DOWNSIZE only applicable when you plonk in 200k to buy 1 backside of debt.




its something new ..

call UPGRADE , DOWNSIZE

even Mcdonald's havent thought of that

bargain hunter
04-08-09, 01:11
since its fun with names time again, Centro = Cent Throw? but take a long time to throw cents away leh, why not Miltro, throw away a million more applicable to this project.

but at least we can see from A. Sky and Centro response that not all buyers are completely crazy. Ironically, or rather expectedly, these 2 are the most heavily advertised projects.





ok ok sorry sorry

to all HDBians moving to Centros / Optima (optimum return? for developers, ahha)

jitkiat
04-08-09, 09:11
since its fun with names time again, Centro = Cent Throw? but take a long time to throw cents away leh, why not Miltro, throw away a million more applicable to this project.

but at least we can see from A. Sky and Centro response that not all buyers are completely crazy. Ironically, or rather expectedly, these 2 are the most heavily advertised projects.

1150psf ... almost the same price as the Balmoral FH condo that the fund bought (1250psf) as reported today. How about the MCL Land condo facing Lower Seletar Reservoir? Coming at 1000psf soon for Khatib? Looking at the buying momentum, we are either in the quantum leap of 1992-1996 bull run or shit is going to happen soon.

mr funny
04-08-09, 09:50
http://www.straitstimes.com/Money/Story/STIStory_411987.html

August 4, 2009 Tuesday

Sold out in 3 days

297-unit Optima homes sold for around $810 psf; other launches also see strong demand

By Joyce Teo, Property Correspondent


SINGAPORE may still be mired in recession, but tell that to the home hunters who are flocking to the latest launches.

In the east, a new 297-unit condominium development on the doorstep of Tanah Merah MRT station completely sold out in the three days that followed its preview last Thursday.

Units at Optima went for an average price of around $810 per sq ft, or from $470,000 to $2.06million per unit.

Demand remained strong even after developer TID - a joint venture between Hong Leong Group and Mitsui Fudosan - raised prices by 5per cent, from $790 psf on Thursday to $830 psf by Friday.

Keen buyers were already seen queueing days before the launch of the 99-year leasehold condominium.

And TID had to conduct a ballot of 120 units for 300 buyers just before midnight on Thursday to prevent them having to camp out overnight for the public launch the next day.

Buyers were a good mix of HDB upgraders and investors, said the Hong Leong Group spokesman.

City Developments has now put on fast track the launch of its 396-unit project at the former Hong Leong Garden condominium site.

Over in Ang Mo Kio, another new suburban launch has attracted relatively strong demand, though some price resistance may have settled in over the weekend.

The 329-unit Centro Residences has sold 93 out of the 144 units that were released for sale last week.

Most of the units sold were two- to three-bedders. The smallest two-bedders have been sold, leaving those from 872sqft and above, and priced from $1million.

Far East Organization said yesterday that 50per cent of the buyers are HDB upgraders from nearby towns, while the rest are residents from private estates.

Prices at the 99-year leasehold condominium started from $1,100 psf - a price level more typical of city-fringe or prime projects, property watchers observed.

'Such prices can get you a freehold condo in Upper Bukit Timah,' said Mr Nicholas Mak, a former property consultant. 'Buyers should be a bit more rational. Demand at such price levels shows that some buyers may be getting carried away by the current euphoria.

'If they are hoping for capital appreciation, they must ask themselves who is going to buy from them at an even higher price when a three-bedroom unit in a suburban project is usually priced less than $1,000 psf,' he added.

Elsewhere, some other fairly new launches continued to attract buyers, but at a much slower pace.

Waterfront Key in Bedok Reservoir sold another eight units at an average price of $735 psf, bringing total sales to 193 out of 278 released units.

At the 329-unit The Gale in Flora Road, sales remained around the 90per cent level cited late last week.

[email protected]

bargain hunter
04-08-09, 10:02
i believe Sui Generis 1250psf is understated, probably included penthouses and ground floor units. the normal units average is probably closer to 1500psf.

in any case, the whole idea now is that centro and a few OCR new launches are commanding high psf combined with small sq ft which makes the quantum affordable while prime areas relaunches are full of big big units from the 2007 peak era and the seemingly "low" 1200 to 1500psf combined with big sq ft makes it a bit harder for locals to buy (with the exception of Volari which went for close to 2000psf, who knows what those buyers are thinking).

nowadays, the psf seems overhyped. the market is actually hot because developers have found a sweet spot in terms of $ quantum. 3 bedrooms at 1.1 to 1.5m, whatever the area, whatever the psf will sell well and they are taking full advantage of that.




1150psf ... almost the same price as the Balmoral FH condo that the fund bought (1250psf) as reported today. How about the MCL Land condo facing Lower Seletar Reservoir? Coming at 1000psf soon for Khatib? Looking at the buying momentum, we are either in the quantum leap of 1992-1996 bull run or shit is going to happen soon.

cl0ver
04-08-09, 12:18
and developers are smart to market 2+1 as 3bedders.
At Meadows, the agent mentioned 3+1 where the extra 1 was actually the bomb shelter!! :doh:

Condorich
04-08-09, 12:33
Centro will be released over 3 years
05:55 AM Aug 04, 2009
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.

URL http://www.todayonline.com/Business/EDC090804-0000075/Centro-will-be-released-over-3-years
Copyright 2009 MediaCorp Pte Ltd | All Rights Reserved

cl0ver
04-08-09, 12:37
this is what i call SAVING FACE statements....
im sure the developer at Optima has a different message:

"It was so hot, we decided to open balloting at midnight. Demand was unexpected and we had to release all units"

:tongue3:

Condorich
04-08-09, 12:39
Address : 59 Ang Mio Kio Avenue 8


Tenure : Leasehold

T.O.P : To be advised

Site Area : 68,834 sqft

No.of Tower : 1

No.of Storeys : 34

No.of Units : 329 units
- 124 two bedroom
- 136 three bedroom (compact)
- 36 three bedroom
- 28 four bedroom (compact)
- 5 Penthouse

2 bedroom 3 bedroom compact 3 bedroom 4 bedroom compact 775 - 911 sqf 921 - 1,025 sqft 1,214 - 1,583 sqft 1,305 sqft


No. of Lifts : 4 residential lifts, 2 fire lifts

Facilities

Playground
Tennis Court
Basketball Court
Fitness AreaAmenities 6th Storey

50m Lap Pool
Aqua Chair
Sofa Jacuzzi
Gymnasium
Dining Deck
Dinning Villa
Pool Deck
Elemental Spa
Spa Villa with Private JacuzziAmenities 33rd Storey

Suntanning Deck
Aqua Seat
Bar
Lounge
Jacuzzi

Condorich
04-08-09, 12:47
If we take 93 and divide by 329, its about 30 per cent... enough to start foundation liao... if lucky... can achieve 40% the most by end of this year, if only :)

Requoting my earlier wild guess on their expected sales and pricing model. Just a wild guess.. nothing scientific.

100% sold pricing could be $800 psf
90% sold pricing could be $850 psf
80% sold pricing could be at $900 psf
70% sold pricing could be at $950 psf
60% sold pricing could be at $1000 psf
50% sold pricing could be at $1050 psf
40% sold pricing could be at $1100 psf
30% sold pricing could be at $1150 psf
20% sold pricing could be at $1200 psf
10% sold pricing could be at $1250 psf.

teddybear
04-08-09, 13:16
Wah! How to manage to squeeze 329 units into 68,834 sqft of land? Do they still have land for facilities? Ops, I just realize many of the facilities on high level! Still can't get use to swimming pool not on ground floor.


Address : 59 Ang Mio Kio Avenue 8


Tenure : Leasehold

T.O.P : To be advised

Site Area : 68,834 sqft

No.of Tower : 1

No.of Storeys : 34

No.of Units : 329 units
- 124 two bedroom
- 136 three bedroom (compact)
- 36 three bedroom
- 28 four bedroom (compact)
- 5 Penthouse

2 bedroom 3 bedroom compact 3 bedroom 4 bedroom compact 775 - 911 sqf 921 - 1,025 sqft 1,214 - 1,583 sqft 1,305 sqft


No. of Lifts : 4 residential lifts, 2 fire lifts

Facilities
Playground
Tennis Court
Basketball Court
Fitness AreaAmenities 6th Storey
50m Lap Pool
Aqua Chair
Sofa Jacuzzi
Gymnasium
Dining Deck
Dinning Villa
Pool Deck
Elemental Spa
Spa Villa with Private JacuzziAmenities 33rd Storey
Suntanning Deck
Aqua Seat
Bar
Lounge
Jacuzzi

Condorich
04-08-09, 14:18
http://singapore.gumtree.sg/c-Apartment-House-Real-Estate-condos-apartments-units-houses-Centro-AMK-for-sale-by-Vince-Seng-94242411-W0QQAdIdZ143822806

bargain hunter
04-08-09, 20:08
like i said, 80 units on wednesday preview before adverts and a pathetic 13 units over the next 4 days (including 1 weekend) and intensive tv/newspaper adverts...that response is so damn poor, that's the way buyers, boycott obscene pricing :)



Centro will be released over 3 years
05:55 AM Aug 04, 2009
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.

URL http://www.todayonline.com/Business/EDC090804-0000075/Centro-will-be-released-over-3-years
Copyright 2009 MediaCorp Pte Ltd | All Rights Reserved

bargain hunter
04-08-09, 20:11
zero en-bloc potential lor in the long long future. its The Icon in AMK, The Icon in District 2 has no ground floor land facilities either, all "in the sky".



Wah! How to manage to squeeze 329 units into 68,834 sqft of land? Do they still have land for facilities? Ops, I just realize many of the facilities on high level! Still can't get use to swimming pool not on ground floor.

jasonlcl
04-08-09, 20:46
Went to e showroom on last Sat. Was surprised that the price starts from $1,180 psf from first floor to $1,250 psf plus for 17th floor (Far East only released up to 17th floor). The monthly maintenance fee is $180 for 2 bedrooms n if want a carpark lot, the fee is an additional of $100. There are only 200 plus carpark lots for the 300 plus units project!E agent told me that it is becos it is next to e MRT hence no need a car. Same concept as Icon but Icon is located in town!Most of e valuers can only valued Grandeur 8 at $700 psf plus at most hence was surprised that they can value Centro at $1,250. I wonder if Far East is going to sell e higher floor (20 floor n above) from $1,300psf to $1,500 psf.

proud owner
04-08-09, 20:48
Went to e showroom on last Sat. Was surprised that the price starts from $1,180 psf from first floor to $1,250 psf plus for 17th floor (Far East only released up to 17th floor). The monthly maintenance fee is $180 for 2 bedrooms n if want a carpark lot, the fee is an additional of $100. There are only 200 plus carpark lots for the 300 plus units project!E agent told me that it is becos it is next to e MRT hence no need a car. Same concept as Icon but Icon is located in town!Most of e valuers can only valued Grandeur 8 at $700 psf plus at most hence was surprised that they can value Centro at $1,250. I wonder if Far East is going to sell e higher floor (20 floor n above) from $1,300psf to $1,500 psf.

where is grandeur 8 ?

teddybear
04-08-09, 20:54
Why 1st floor to 17th floor only $70 difference? Is it because 17th floor and below all blocked so no difference?


Went to e showroom on last Sat. Was surprised that the price starts from $1,180 psf from first floor to $1,250 psf plus for 17th floor (Far East only released up to 17th floor). The monthly maintenance fee is $180 for 2 bedrooms n if want a carpark lot, the fee is an additional of $100. There are only 200 plus carpark lots for the 300 plus units project!E agent told me that it is becos it is next to e MRT hence no need a car. Same concept as Icon but Icon is located in town!Most of e valuers can only valued Grandeur 8 at $700 psf plus at most hence was surprised that they can value Centro at $1,250. I wonder if Far East is going to sell e higher floor (20 floor n above) from $1,300psf to $1,500 psf.

jasonlcl
04-08-09, 21:10
Becos it is just beside e MRT tracks! I used to stay in Grandeur 8 (located beside Centro showroom, 10 mins walk to AMK MRT). Although my unit is on a high floor n at the corner blk, quite far away from e MRT track, even if i closed my window n switch on the air-con, i can still hear e MRT every 5 mins!Everyday, I took 45 mins, passed 3 ERPs (CTE), to reach my office in town. I took almost an hr n passed 2 ERPs (CTE) to reach hme from town. E jam was all e way to AMK Hub too!

cl0ver
04-08-09, 22:11
there are no 1st floor.
1-5 are carparks
6 is the pool and gym floor.
7 will be the so called ground floor units with PES.
and all 2bedder from 7-10 are sold out.
you can still get 4bedder starting from 7 floor which is facing the park (more like hawker centre and jubilee)

and all i can say is NO ONE IS BUYING those big units....
FEO has to come out with lame stories that they will continue to launch in phases over 3 yrs...
its all bull lah.... the agent said if u want the penthouse also can, just quote a price.....:tongue3:

teddybear
04-08-09, 22:55
Can understand the frustrations of living in AMK. Hougang, Sengkang, Punggol etc even worse. :banghead:


Becos it is just beside e MRT tracks! I used to stay in Grandeur 8 (located beside Centro showroom, 10 mins walk to AMK MRT). Although my unit is on a high floor n at the corner blk, quite far away from e MRT track, even if i closed my window n switch on the air-con, i can still hear e MRT every 5 mins!Everyday, I took 45 mins, passed 3 ERPs (CTE), to reach my office in town. I took almost an hr n passed 2 ERPs (CTE) to reach hme from town. E jam was all e way to AMK Hub too!

bargain hunter
04-08-09, 23:08
i know the traffic is real bad but shame on far east to cut down on parking lots and assuming everyone will take mrt. need to pay $100 more for carpark somemore??!



Can understand the frustrations of living in AMK. Hougang, Sengkang, Punggol etc even worse. :banghead:

teddybear
05-08-09, 00:53
Buy condo already pay so much still need to pay for parking? Ha ha ha!


i know the traffic is real bad but shame on far east to cut down on parking lots and assuming everyone will take mrt. need to pay $100 more for carpark somemore??!

sabian
05-08-09, 10:11
and all i can say is NO ONE IS BUYING those big units....
FEO has to come out with lame stories that they will continue to launch in phases over 3 yrs...
its all bull lah.... the agent said if u want the penthouse also can, just quote a price.....:tongue3:

optima sell out in 3 days
centro maybe will sell out in 3 years???

Condorich
05-08-09, 10:22
optima sell out in 3 days
centro maybe will sell out in 3 years???

That's the difference between price to sell and price to kill... it takes longer to make a killing. Be patient... it could only go up as it is very unlikely to be priced down due to developer's strategy. So investors who bought now can look back later and claim that they have made the right investment choice when FEO keep increasing the asking prices.

It's controlled and manipulated in that sense.

There will always be suckers around... just need to look harder for the suckers. For ur Eyes Only. @@

cl0ver
05-08-09, 12:30
provided the buyer can secure a loan lah.
if cannot, then firesale liao.....

amk
05-08-09, 14:43
centro maybe will sell out in 3 years???

You guys completely underestimated FEO's "capability".
You think 1200 in centro today is crazy...
In 1997, FEO launched Bishan 8, at $1050 psf.
How many years does it take for FEO to completely sell out Bishan 8 ?

For centro, dun worry, FEO will sell it for another 10 yrs no problem.

teddybear
05-08-09, 14:49
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


You guys completely underestimated FEO's "capability".
You think 1200 in centro today is crazy...
In 1997, FEO launched Bishan 8, at $1050 psf.
How many years does it take for FEO to completely sell out Bishan 8 ?

For centro, dun worry, FEO will sell it for another 10 yrs no problem.

EBD
05-08-09, 20:58
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

So all those people who bought Bishan 8 on the basis that property can never go down in land limited Singapore got "served" big time.

History maybe about to repeat itself.

wqmai78
05-08-09, 21:08
Becos it is just beside e MRT tracks! I used to stay in Grandeur 8 (located beside Centro showroom, 10 mins walk to AMK MRT). Although my unit is on a high floor n at the corner blk, quite far away from e MRT track, even if i closed my window n switch on the air-con, i can still hear e MRT every 5 mins!Everyday, I took 45 mins, passed 3 ERPs (CTE), to reach my office in town. I took almost an hr n passed 2 ERPs (CTE) to reach hme from town. E jam was all e way to AMK Hub too!

No point living in AMK if you drive and work in central. The jam is so long from central at CTE all the way to AMK. The ERP is so expensive. The gantry is on till 1030p.m. for those going home every evening unless you leave the office early. Unless all your family is there etc, etc else live in elsewhere better.

Honesty
05-08-09, 21:12
So all those people who bought Bishan 8 on the basis that property can never go down in land limited Singapore got "served" big time.

History maybe about to repeat itself.

So many suckers out there...already repeat liao...

Regulators
05-08-09, 21:17
property buyers got to hop onto some boat mah. if they miss the boat last time, they got no choice but to hop onto the boats now, however lousy the boats are...



So many suckers out there...already repeat liao...

EBD
05-08-09, 21:42
Just checked the old prices. It's now around 800 psf. For most of the early 2000's it was between 500-600 psf. Everyone must have faced a top up call from the bank.

Honesty
05-08-09, 22:29
property buyers got to hop onto some boat mah. if they miss the boat last time, they got no choice but to hop onto the boats now, however lousy the boats are...

Wrong boat lah...

This boat got hole...

It will sink very soon...

SL
05-08-09, 22:35
huh? If these people buy at 500-600psf, and now it is 800psf, why would banks ask for top up ?


Just checked the old prices. It's now around 800 psf. For most of the early 2000's it was between 500-600 psf. Everyone must have faced a top up call from the bank.

bargain hunter
05-08-09, 22:37
13 years u mean?



optima sell out in 3 days
centro maybe will sell out in 3 years???

Condorich
06-08-09, 09:07
Just checked the old prices. It's now around 800 psf. For most of the early 2000's it was between 500-600 psf. Everyone must have faced a top up call from the bank.

Prices not too good... below $600 also have for Bishan 8 in the past months.... I've read about a young couple being burnt by investing in that project years ago... anyway this is Centro... glimpsed it today while taking MRT to work... so many HDB point blocks around it... and those old point blocks are so much better in my view... space and design.. but not within reach of foreigners.. :)

teddybear
06-08-09, 09:12
Why not? Foreigners so easy to get PR and then they can buy resale HDB already.


Prices not too good... below $600 also have for Bishan 8 in the past months.... I've read about a young couple being burnt by investing in that project years ago... anyway this is Centro... glimpsed it today while taking MRT to work... so many HDB point blocks around it... and those old point blocks are so much better in my view... space and design.. but not within reach of foreigners.. :)

Condorich
06-08-09, 10:26
Well... I meant to qualify it as foreigners who do not wish to become Singapore Citizens or Permanent Residents and are out of the eligibity criteria for HDB new or resale.

Singapore welcomes rich foreigners, if not all... not rich also welcome but must contribute to Singapore. Rich ones can take a piece of our priced for the rich landed or condo but have to be prepared to lose if making an early exit. But most of time, they will earn and the cycle repeats itself for the benefit for Singapore. The more the merrier....

:)

teddybear
06-08-09, 10:57
Frankly speaking, foreigners have no qualm becoming PR since they generally don't lose anything (especially those employed on local terms) and yet get to enjoy almost all benefits that Singapore Citizens can get, minus the new HDB flat and National Service. Try asking them to convert to Citizens and many excuses will come out such as "Mmm, Ahhh, Nooooo, all my relatives, parents all still in home country", "too attached to home country, emotion burden, cannot lah", ... :banghead: (Most of them also register their kids borned in Singapore as their own native country's citizen rather than Singapore citizen). If that is the case, why their kids also have priority for registration to primary school etc? Give people impression that Singapore Citizen is the cheapest thing on earth? (their own countries' citizen is more valuable since by being a Singapore PR they already can enjoy almost all the benefits without being a Singapore Citizen).


Well... I meant to qualify it as foreigners who do not wish to become Singapore Citizens or Permanent Residents and are out of the eligibity criteria for HDB new or resale.

Singapore welcomes rich foreigners, if not all... not rich also welcome but must contribute to Singapore. Rich ones can take a piece of our priced for the rich landed or condo but have to be prepared to lose if making an early exit. But most of time, they will earn and the cycle repeats itself for the benefit for Singapore. The more the merrier....

:)

Condorich
06-08-09, 11:09
Ok, I take your point. The resale HDB flats are available to foreigners. Provided that they take up PR or SG Citizenship. Before that... HDB flats are not available to them.

These are the group that I am talking about and the main targeted customers for Centro.


Frankly speaking, foreigners have no qualm becoming PR since they generally don't lose anything (especially those employed on local terms) and yet get to enjoy almost all benefits that Singapore Citizens can get, minus the new HDB flat and National Service. Try asking them to convert to Citizens and many excuses will come out such as "Mmm, Ahhh, Nooooo, all my relatives, parents all still in home country", "too attached to home country, emotion burden, cannot lah", ... :banghead: (Most of them also register their kids borned in Singapore as their own native country's citizen rather than Singapore citizen). If that is the case, why their kids also have priority for registration to primary school etc? Give people impression that Singapore Citizen is the cheapest thing on earth? (their own countries' citizen is more valuable since by being a Singapore PR they already can enjoy almost all the benefits without being a Singapore Citizen).

EBD
06-08-09, 14:39
Sorry, wasn't clear enough.

Bishan 8 launch 1050psf. mid 2000's was 500-600 psf on resale. so 40-50 % drop from launch for many years. I think banks will have called for top up dont you?


huh? If these people buy at 500-600psf, and now it is 800psf, why would banks ask for top up ?

jonleelk
06-08-09, 15:55
Sorry, wasn't clear enough.

Bishan 8 launch 1050psf. mid 2000's was 500-600 psf on resale. so 40-50 % drop from launch for many years. I think banks will have called for top up dont you?

Will this happen to Centro... :rolleyes:

sleepy
06-08-09, 17:04
Frankly speaking, foreigners have no qualm becoming PR since they generally don't lose anything (especially those employed on local terms) and yet get to enjoy almost all benefits that Singapore Citizens can get, minus the new HDB flat and National Service. Try asking them to convert to Citizens and many excuses will come out such as "Mmm, Ahhh, Nooooo, all my relatives, parents all still in home country", "too attached to home country, emotion burden, cannot lah", ... :banghead: (Most of them also register their kids borned in Singapore as their own native country's citizen rather than Singapore citizen). If that is the case, why their kids also have priority for registration to primary school etc? Give people impression that Singapore Citizen is the cheapest thing on earth? (their own countries' citizen is more valuable since by being a Singapore PR they already can enjoy almost all the benefits without being a Singapore Citizen).

I know this is a forum for property......but i have to side track a bit.....
Talking abt the PRs have the same rights in P1 registration makes me boil :simmering: If we were to go to other country as a PR, do we get this priority???

These PRs came here and compete with the locals and after a while they leave and go back to their own country. Isn't the best education shd be given to citizen first !!! :banghead: If they want to have the best education, then they shd commit and take up our citizenship lah. #($)#*)#(*@&

SL
06-08-09, 21:45
Got you now.. these folks are in trouble..:eek:


Sorry, wasn't clear enough.

Bishan 8 launch 1050psf. mid 2000's was 500-600 psf on resale. so 40-50 % drop from launch for many years. I think banks will have called for top up dont you?

tick
06-08-09, 22:29
Will this happen to Centro... :rolleyes:

I drive past the CENTRO showflat daily.

Everyday, the crowd seems to dwindle...there are more agents in the showflat than potential buyers..

I think FEO can wait to drop price so that more people will commit

jc
07-08-09, 00:07
I know this is a forum for property......but i have to side track a bit.....
Talking abt the PRs have the same rights in P1 registration makes me boil :simmering: If we were to go to other country as a PR, do we get this priority???

These PRs came here and compete with the locals and after a while they leave and go back to their own country. Isn't the best education shd be given to citizen first !!! :banghead: If they want to have the best education, then they shd commit and take up our citizenship lah. #($)#*)#(*@&

Rite... not too long ago, i believe foreigners pay the same rate as locals for university education, ie. they enjoy similar subsidy as locals here. Since university get grants from govt, and govt gets some of the funds from taxpayers, why are foreigners being subsidised by local taxpayers??

Can we get similar subsidy as the native when we study abroad like in US/UK/Aust? :banghead:

Condorich
07-08-09, 08:54
This is sensitive leh... got to do with policy stand.

Anyway they are welcome and we would not progress at such a rate if not for them. Take Malaysia as an example. Some foreigners do get burnt also... especially in 1997 years... you never view it as such? And if the prime area premium projects crash... who will get more hurt? Got pros and cons lah. No right answer.

sleepy
07-08-09, 15:55
Rite... not too long ago, i believe foreigners pay the same rate as locals for university education, ie. they enjoy similar subsidy as locals here. Since university get grants from govt, and govt gets some of the funds from taxpayers, why are foreigners being subsidised by local taxpayers??

Can we get similar subsidy as the native when we study abroad like in US/UK/Aust? :banghead:

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:

teddybear
07-08-09, 16:01
Trying asking them to do National Service Ha ha ha! :hell-hath-no-fury:


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: