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elements
07-03-07, 12:46
http://img90.imageshack.us/img90/2051/376092888a579590847msd5.jpg

Location: South Bouna Vista/Pasir Panjang (D 5)

No. of Units: 405 (75 SOHO)

Unit sizes/types: 1/2/2+S/3/4/PH with sizes from 558 to 3,200 sf (8 storey SOHO block and 14 storey residential block)

Type of Development: Mixed residential/SOHO

Tenure: Leasehold 99 years

Expected Completion: 2009/2010

Expected Prices: $850 psf

Remarks: Similar to recent Southbank Project

Unregistered
07-03-07, 23:28
Kheng Leong's One North project hit 50% sales today, just VVIP invites only. Apparently prices have hit $1000psf from what I heard.

that's sick
08-03-07, 00:58
Kheng Leong's One North project hit 50% sales today, just VVIP invites only. Apparently prices have hit $1000psf from what I heard.

oh my god that IS sick.. $1,000psf for 99 year LH in clementi... and i thought Metropolitan prices were unbelievable... this One North really takes the cake.. like all markets, the higher we climb the harder we fall...

mr funny
08-03-07, 14:59
Published March 8, 2007

About 10% of One North Residences sold: sources

Prices range from $800 to $900 psf during preview

By UMA SHANKARI


ABOUT 10 per cent of apartments at the 405-unit One North Residences have been sold so far this week at prices of $800 to $900 per square foot, BT understands.

Sources say that units in the project, which is a joint venture between UOL Group and privately held Kheng Leong, started previewing to invited guests earlier this week, and since then, about 10 per cent have been snapped up.

Prices can be expected to climb slightly during the official launch, market watchers said.

The good response means that United Engineers (UE), which was originally planning to launch its nearby 368-unit One Rochester later this month, can now be expected to push out the project quite soon.

Right now, the showflats for One Rochester are being built, and UE will launch the project once everything is ready, BT understands.

One Rochester is part of a mixed development that includes a hotel, serviced apartment block and a retail complex. It has units ranging from 770 square feet to 2,900 sq ft, though most are 1,500 sq ft three-bedders.

Industry players had earlier speculated that both UE and the UOL-Kheng Leong partnership were waiting for the other to launch its project, with the second project taking its pricing cue from the first.

This was especially important for the developers when it comes to the $15 billion 200-ha research hub one-north, which is relatively untested when it comes to its residential potential. One-north can accommodate about 20,000 residential units in all.

With One North Residences setting the tone, One Rochester will likely be launched at prices higher than the $800-$900 range, said one observer.

Also this weekend, Bukit Sembawang Estates will launch the final phase of Mimosa Terrace on Mimosa Road in the Yio Chu Kang/Seletar area.

Some 44 units are available in this phase, with 'intermediate' units going for $1.3 million each, and corner terraces offered at $1.5 million apiece.

Unregistered
08-03-07, 15:44
This article's 10% was actually 2 days ago. Right now it is close to 80% sold already!

Unregistered
09-03-07, 00:24
This article's 10% was actually 2 days ago. Right now it is close to 80% sold already!

ARE YOU SURE?! 80% SOLD OF 405 UNITS? OR PHASE 1 RELEASE? DUN CAUSE PANIC LEH!

mr funny
09-03-07, 11:06
March 9, 2007

Over 80% of One North Residences sold in 3 days

Prices for units up as high as over $1,000 psf, with average cost now at $885 psf

By Joyce Teo, Property Correspondent


http://img249.imageshack.us/img249/7931/stimagesjtone1t36aeb7ok4.png
NEW KID ON THE BLOCK: The 99-year leasehold condominium (above) is the first to be marketed at the 200ha research hub one-north at Buona Vista. Coming up next in the area is the 368-unit One Rochester, which developer United Engineers expects to release for sale in mid-April.



ALL but 70 units of the 405-unit One North Residences have been snapped up in just three days at private previews.

It is the first condominium to be marketed at the $15 billion 200ha research hub one-north at Buona Vista.

Units were sold at prices ranging from about $550,000 to $2.4 million. The highest transaction was done yesterday at over $1,000 per sq ft (psf), market watchers said.

On average, prices are now hovering around $885 psf, up from $850 psf on Tuesday.

Most of the buyers - possibly around 80 to 90 per cent - are Singaporeans, market watchers said.

As of last night, around 70 units were unsold, most of them one-bedroom units, now priced at about $950 psf.

The soft launch of One North Residences was planned for tomorrow. Sales started on Tuesday with a staff preview, when directors, staff and other buyers picked up 60 units and prices were raised by 2 to 5 per cent, said market sources.

These buyers included those on an elite list, such as senior civil servants and prominent businessmen.

Wednesday was reserved for the bulk purchasers, including funds interested in buying several units at one ago.

Invited home buyers packed the show-flat yesterday, picking up many more units of the 99-year leasehold condo.

All the nine penthouses ranging from 1,970 sq ft to 3,251 sq ft, as well as all the two-bedroom units have been sold.

The condo will be developed by a joint venture between UOL Group, Low Keng Huat and privately-held Kheng Leong.

While its apartments come in a wide range of sizes, most of them are the one- and two-bedroom apartments, ranging from 592 sq ft to 1,259 sq ft.

There are also 85 single-level and duplex small-office, home-office units, which range from 517 sq ft to 1,281 sq ft, and 20 shops.

Market watchers say some home buyers bought to speculate, while others bought into the area's prospect as a thriving research hub.

The condo is marketed by Knight Frank and Savills Singapore.

Next up at one-north is the 368-unit One Rochester, which developer United Engineers expects to release for sale in mid-April.

The condo is part of a mixed development that includes a block of about 300 hotel rooms and service apartments, and a retail podium with about 100,000 sq ft of space.

The hotel rooms, service apartments and shops are only for lease.

[email protected]

Unregistered
12-03-07, 14:46
Left a few units.

Rumours say that One Rochester will be launching at above $1,000 psf, given the tremendous response generated by sales of one-north residences.

one-north
19-03-07, 14:11
one-north is the next pillar and the happening place. One-North Residences just sits right in the middle of one-north. The launch was a success. It was very smart of One Rochester to launch after One-North Residences. One Rochester can now make more profits.

One Rochester will be launching at above $1,200 psf. This is cool! Anyway, I have just rejected a $900psf offer for my 3-bedroom unit.

WHAM
19-03-07, 14:40
It may be the 'next happening place' but does that warrant a pricing like $1k psf? Please note: this $1k psf is for something totally untried and untested! here has not been a benchmark for residential property here! The nearest condo, Dover Parkview, is DIRT CHEAP!

Wee Cho Yaw and co. must be laughing their way to the bank now man!!!! :D :D

one-north
19-03-07, 14:44
It may be the 'next happening place' but does that warrant a pricing like $1k psf? Please note: this $1k psf is for something totally untried and untested! here has not been a benchmark for residential property here! The nearest condo, Dover Parkview, is DIRT CHEAP!

Wee Cho Yaw and co. must be laughing their way to the bank now man!!!! :D :D

The highest psf done for One-North Residences is $1,100 psf.
Does One-North Residences warrant $1,100 psf? Perhaps nobody here can answer this question. Only the launch of One Rochester will answer this question. Let's wait 2 more weeks for the answer.

Rochester Park
19-03-07, 14:47
Is there a thread on One Rochester? We need more information.

Grandfather Clock
19-03-07, 21:32
Is there a thread on One Rochester? We need more information.


There is one now. Go check it out.

Rookie
20-03-07, 18:25
Which stack(s) in One-North Residences has/have the best facing?

Biopolis
20-03-07, 20:35
By Daryl Loo, Channel NewsAsia
20 March 2007 1613 hrs

Drugmaker GlaxoSmithKline (GSK) is boosting its operations in Singapore with a new Medicinal Chemistry laboratory.

The S$20 million lab at the Biopolis complements GSK's existing biology facility here.

The new lab will turn GSK's scientific discoveries into usable drugs for cognitive and degenerative ailments like Alzheimer's disease.

GSK's new Medicinal Chemistry lab will have 27 chemists working side by side with GSK's existing biologists in the same building.

The area of 900 square metres more than doubles the space that GSK takes up in the Biopolis complex.

Dr Paul Chapman, Head, GSK Centre for Research, said: "We felt from the start that it is absolutely essential for us to have an integrated facility in which all the important aspects of making medicines are located in one place.

"So the opportunity to have this state-of-the art medicinal chemistry laboratory here, integrated completely with our biology laboratories within this fantastic environment in Singapore in which we have enthusiastic young scientists to combine with our experienced scientists, has really made it possible for us to do drug discovery."

Chemists at the lab will conduct work such as synthesising and purification of chemical compounds, with the aim of making them suitable for treating human patients.

The target is to have one such compound ready for clinical trials by the end of this year.

"We intend to develop drugs that will treat both the progress of the disease – that is we want to slow the degeneration in the brain that causes Alzheimer's – and also to treat the symptoms, so that people who are currently suffering from Alzheimer's disease will have an improved quality of life," said Dr Chapman.

The lab was launched by A*Star Chairman Philip Yeo on Tuesday.

He noted that Singapore is stepping up its training of specialised chemists to meet the needs of pharmaceutical companies like GSK to create drugs.

Mr Yeo said: "Chemistry is critical to drug discovery efforts as it is used to identify and optimise small molecule drug candidates. Due to the specialised skill sets required, the industry is currently facing a global shortage of good chemists.

"To address this issue, Singapore has been actively expanding our chemistry manpower through a comprehensive range of training programmes."

These include a programme at A*Star's Chemical Synthesis Laboratory, now training 20 post-doctorate researchers.

one-north
03-04-07, 14:08
I just past by One-North Residences on my way to NTU Alumni Club. The location is good, especially those facing Nepal Park. Nowaday, where to find a place that faces the green?

Observer
07-04-07, 21:50
There is a subsale done at $1,100 psf lately. Hopefully, the price can move further up.

The target is around $1,500 psf.

Unregistered
08-04-07, 00:14
There is a subsale done at $1,100 psf lately. Hopefully, the price can move further up.

The target is around $1,500 psf.

Relatively speaking, in comparing to bankers, top lawers or CEO of MNC, Sicentists and academics don't make money at all. Ironically, one north is right next to Biopolis, all the doctors friends at biopolis told me that they can't even afford Dover Parkview. I guess you have to go to shenton way to pursuade the tp earners to move to one north. My advice is if you can make a small profit, get out fast!

camelot
08-04-07, 10:40
I just past by One-North Residences on my way to NTU Alumni Club. The location is good, especially those facing Nepal Park. Nowaday, where to find a place that faces the green?

Check out The Raintree (new development within the Bukit Timah Nature Reserve). Price is just half of what One North is asking.....

camelot
08-04-07, 10:44
Relatively speaking, in comparing to bankers, top lawers or CEO of MNC, Sicentists and academics don't make money at all. Ironically, one north is right next to Biopolis, all the doctors friends at biopolis told me that they can't even afford Dover Parkview. I guess you have to go to shenton way to pursuade the tp earners to move to one north. My advice is if you can make a small profit, get out fast!

I totally agree on what you said. The rent one needs to ask for to get a decent yield will be just TOO HIGH for most of the people working in the area to rent... What happens then? Many units will be left vacant. Scientists (usually older folks) whom made a lot of $$ (tho not many of them) will choose to live in the B/W houses provided by the government.... I already know a few of them living there. These people will never wanna stay in a condo like One North.

Big Whale
08-04-07, 11:16
There is a subsale done at $1,100 psf lately. Hopefully, the price can move further up.

The target is around $1,500 psf.


Don't listen to these fools.
I can bet with you/them that $1,500 psf can be reached for One-North Residences subsales.
Let's mark this post and revisit it when the price is reached.

$550 psf, they say it's too high.
$750 psf, they say it's too high.
$1,200 psf, they say it's too high.
Would they not say $1,500 psf is too high?

Would they not say $4,000 psf is too high?
Would they not say $6,000 psf is too high?

Teacher
08-04-07, 11:17
Check out The Raintree (new development within the Bukit Timah Nature Reserve). Price is just half of what One North is asking.....


What's do good about The Raintree?
If it is so good, why is nobody buying?

Unregistered
08-04-07, 11:24
What's do good about The Raintree?
If it is so good, why is nobody buying?

FYI,
Two months ago, it was 80% sold
As of yesterday, it was 97% sold (and price alrady increased by more than 15% since two months ago)
It will not surprise me if it is 100% sold by next week

Unregistered
08-04-07, 11:27
Don't listen to these fools.
I can bet with you/them that $1,500 psf can be reached for One-North Residences subsales.
Let's mark this post and revisit it when the price is reached.

$550 psf, they say it's too high.
$750 psf, they say it's too high.
$1,200 psf, they say it's too high.
Would they not say $1,500 psf is too high?

Would they not say $4,000 psf is too high?
Would they not say $6,000 psf is too high?

If the game of "musical chair" is on, take adavtage of it, but beware, the music could be very short. Greed can make you reach, but it can get you burnt as well, be prepared to face the consequence of your decision

Big Whale
08-04-07, 11:42
If the game of "musical chair" is on, take adavtage of it, but beware, the music could be very short. Greed can make you reach, but it can get you burnt as well, be prepared to face the consequence of your decision


5 years musical chair? Then it should be OK. Still have enough time to make more. Made some already. I will let you know how much more I can make. Thanks.

Teacher
08-04-07, 11:43
FYI,
Two months ago, it was 80% sold
As of yesterday, it was 97% sold (and price alrady increased by more than 15% since two months ago)
It will not surprise me if it is 100% sold by next week


So you think a project that needs 2-3 months to sell out is great compared to one that needs only 2-3 days?

Unregistered
08-04-07, 11:56
So you think a project that needs 2-3 months to sell out is great compared to one that needs only 2-3 days?

Real investors look for values, speculators look for quick returns
This would explain despite all the terrible downturns in the past decades (financial meltdown in asia, SARS, 911), the wealthy folks emerge far wealthier than before. These are the folks who invest heavily into undervalue "assets". When castrophic events strike, "undervalue" assets are everywhere, but in boom time like this, undervaule assets are still aplenty, but just need to do homework.

Everyone thought they know the golden rule in investment is, "buy low, sell high", but in reality, most folks practicing to "buy high, sell low"
just my two cents worth

Unregistered
08-04-07, 11:57
5 years musical chair? Then it should be OK. Still have enough time to make more. Made some already. I will let you know how much more I can make. Thanks.

Good to hear you already made some,
don't be greedy now

camelot
08-04-07, 12:00
Don't listen to these fools.
I can bet with you/them that $1,500 psf can be reached for One-North Residences subsales.
Let's mark this post and revisit it when the price is reached.

$550 psf, they say it's too high.
$750 psf, they say it's too high.
$1,200 psf, they say it's too high.
Would they not say $1,500 psf is too high?

Would they not say $4,000 psf is too high?
Would they not say $6,000 psf is too high?

No one can exactly predict how far this prop boom will go... But ask yourself this - Do you wanna be holding on to the "highest" priced development in a vicinity which is selling half the price of what you're holding? No risk no gain I suppose... but do consider the risk/reward ratio. Worth it? I doubt....

camelot
08-04-07, 12:06
So you think a project that needs 2-3 months to sell out is great compared to one that needs only 2-3 days?

The property was first launched in Jan 2006 when the market was very preoccupied with just the high end developments. Tho mass market projects were not flying then, Raintree managed to sell reasonably well. Then as the market picks up... the developer started to slow down on marketing the project becoz they know it can fetch better pricing later on. Mind you the proj was just priced from S$450+psf upwards when it was first launched.... Today, it's S$600+psf... and only 10 units left. Development has 315 units.

Unregistered
08-04-07, 12:21
The property was first launched in Jan 2006 when the market was very preoccupied with just the high end developments. Tho mass market projects were not flying then, Raintree managed to sell reasonably well. Then as the market picks up... the developer started to slow down on marketing the project becoz they know it can fetch better pricing later on. Mind you the proj was just priced from S$450+psf upwards when it was first launched.... Today, it's S$600+psf... and only 10 units left. Development has 315 units.

Are you one of the property agents based at showflat trying to push the remaining 10 units? or you are one of the buyer trying to talk up the project to get ready to do a subsale to make some money?

Unregistered
08-04-07, 14:16
Are you one of the property agents based at showflat trying to push the remaining 10 units? or you are one of the buyer trying to talk up the project to get ready to do a subsale to make some money?

Hmm, IMO don't think there's a need to talk up the project? With just 10 units left, it will likely move by itself given that it is still lower priced that other new developments in the area.

As for subsale, approx 17% inc in price so far is already enough to make a small profit even after fees. Doubt people who buy this development has intentions of making big bucks from it.

Give that guy a break, why are people always so sceptical? He only shared about this development after someone brought up the scarcity of greens near condo devlpts. Not like he floods all diff threads to talk about it, that WOULD show intention of talking it up then!

Having said that, if there's a need for further analysis, perhaps its better to keep discussions here about One North! :)

Unregistered
08-04-07, 14:34
Hmm, IMO don't think there's a need to talk up the project? With just 10 units left, it will likely move by itself given that it is still lower priced that other new developments in the area.

As for subsale, approx 17% inc in price so far is already enough to make a small profit even after fees. Doubt people who buy this development has intentions of making big bucks from it.

Give that guy a break, why are people always so sceptical? He only shared about this development after someone brought up the scarcity of greens near condo devlpts. Not like he floods all diff threads to talk about it, that WOULD show intention of talking it up then!

Having said that, if there's a need for further analysis, perhaps its better to keep discussions here about One North! :)

I agree,
the thread on RT is already ranked number one in terms of visit (since late Jan, more than 9000 hits), I don't even know which thread is even come close.
Let's don't talk about RT at this or any other site.

camelot
08-04-07, 15:54
Are you one of the property agents based at showflat trying to push the remaining 10 units? or you are one of the buyer trying to talk up the project to get ready to do a subsale to make some money?

I am a buyer who bot a very nice unit facing the reserve at just $480psf and NOT looking to sell and can't wait to live in there... thank you :)

hello
08-04-07, 16:27
I am a buyer who bot a very nice unit facing the reserve at just $480psf and NOT looking to sell and can't wait to live in there... thank you :)

Hi camelot,

Congrats on getting your unit at a good price!

Onepolis
08-04-07, 16:39
There is a unit just subsold for $1,100 psf. The highest psf for the primary sale is $1,200 psf. Let's hope subsale can break the $1,300 psf level fast, then $1,400 psf, then $1,500 psf ......

one-north is cool! One-North Residences is more cool!

Unregistered
08-04-07, 16:40
I agree,
the thread on RT is already ranked number one in terms of visit (since late Jan, more than 9000 hits), I don't even know which thread is even come close.
Let's don't talk about RT at this or any other site.

Wow, RT is hot, I read through many of the postings and I think folks who bought RT are really brainy and classy type. I keep my finger cross that my unit at one north can go through subsale soon. Hope by then there are still RT units available

Anyone know if deferred payment scheme still available?

Observer
08-04-07, 16:40
There is a unit just subsold for $1,100 psf. The highest psf for the primary sale is $1,200 psf. Let's hope subsale can break the $1,300 psf level fast, then $1,400 psf, then $1,500 psf ......

one-north is cool! One-North Residences is more cool!



$1,300 psf is not difficult lah.
$1,500 psf will need to wait for One Rochester launch.

Unregistered
08-04-07, 16:48
$1,300 psf is not difficult lah.
$1,500 psf will need to wait for One Rochester launch.

I got my 3-BR at 895psf, I can let go at 1050psf if interested
I need to raise cash in a hurry to get a unit at RT

Unregistered
09-04-07, 01:16
I got my 3-BR at 895psf, I can let go at 1050psf if interested
I need to raise cash in a hurry to get a unit at RT

I have a seller for a 3-bedrm facing the greenery on a high floor. Nice unit with no blockage. Asking $620psf. If interested, let me know.

One-North Residences
09-04-07, 12:51
I have a seller for a 3-bedrm facing the greenery on a high floor. Nice unit with no blockage. Asking $620psf. If interested, let me know.


3-bedder facing Nepal Park at $620 psf? So cheap?
I will buy 3 units. If you can find me another 2 more units.
I will sell it at $1,240 psf and make more than $2 millions.
This kind of opportunity don't come twice.

Observer
09-04-07, 13:10
3-bedder facing Nepal Park at $620 psf? So cheap?
I will buy 3 units. If you can find me another 2 more units.
I will sell it at $1,240 psf and make more than $2 millions.
This kind of opportunity don't come twice.


So cheap?
I want 1 unit too.
Thanks.

Onepolis
09-04-07, 13:11
So cheap?
I want 1 unit too.
Thanks.


Face Nepal Hill at $620?
Me too!

Unregistered
09-04-07, 14:18
Face Nepal Hill at $620?
Me too!

The $620 psf is about RT, not one north.
The interest in RT is so high that it even spill over to this one north site.
If you have money to speculate on one north, why not grab the unit at RT offered at 620, it can't go lower, but can shot up. Can't say the same thing about one north though since no one working at one north can afford to live at one north and big shot banker prefer to live at reflections

Onepolis
09-04-07, 18:50
The $620 psf is about RT, not one north.
The interest in RT is so high that it even spill over to this one north site.
If you have money to speculate on one north, why not grab the unit at RT offered at 620, it can't go lower, but can shot up. Can't say the same thing about one north though since no one working at one north can afford to live at one north and big shot banker prefer to live at reflections


Wah liao! I thought there were goodies to grab!
Make us happy for nothing!
Don't misled us lah!

We are all talking about One-North Residences in this One-North Residences thread and then suddently you mentioned something else.

There is a thread for RT what! Please be considerate lah!

joe
09-04-07, 18:52
SALE OF APARTMENTS IN "ONE-NORTH RESIDENCES" TO "INTERESTED PERSONS" AND/OR RELATIVES OF DIRECTORS AND CONTROLLING SHAREHOLDERS

Adobe PDF
09-04-07, 21:03
SALE OF APARTMENTS IN "ONE-NORTH RESIDENCES" TO "INTERESTED PERSONS" AND/OR RELATIVES OF DIRECTORS AND CONTROLLING SHAREHOLDERS


1. Mr Gwee Lian Kheng (President & CEO, Director of UOL) and Low Rowee (spouse):
- #12-02 (148 sq m), S$1,415,904 (nett of discount)
- #12-23 (123 sq m), S$1,167,964 (nett of discount)

2. Ms Wee Wei Ling
(Daughter of Wee Cho Yaw (Chairman & controlling
shareholder of UOL) and sister of Wee Ee Chao
and Wee Ee Lim (Directors of UOL) and Wee Ee
Cheong (controlling shareholder of UOL).)
- #13-17 (96 sq m), S$861,420 (nett of discount)
- #06-02 (148 sq m), S$1,333,584 (nett of discount)

3. Ms Wee Wei Chi
(Daughter of Wee Cho Yaw and sister of Wee Ee
Chao, Wee Ee Lim and Wee Ee Cheong.)
- #11-23 (123 sq m), S$1,159,144 (nett of discount)

Mr Eu Yee Tat David (Spouse of Ms Wee Wei Chi)
(Son-in-law of Wee Cho Yaw and brother-in-law of
Wee Ee Chao, Wee Ee Lim and Wee Ee Cheong.)
- #06-32 (133 sq m), S$1,267,140 (nett of discount)

4. Mr Gwee Lian Chok & Ms Shyong Yew Ming
(Brother and sister-in-law of Gwee Lian Kheng (President & CEO, Director of UOL).)
- #06-16 (103 sq m), S$941,191 (nett of discount)

A 2% discount is offered to Purchasers listed in 1 to 3 above pursuant to the preferential discount scheme of Vista subject to the terms therein. No discount was given to Purchaser No. 4.

Watcher
10-04-07, 11:28
1. Mr Gwee Lian Kheng (President & CEO, Director of UOL) and Low Rowee (spouse):
- #12-02 (148 sq m), S$1,415,904 (nett of discount)
- #12-23 (123 sq m), S$1,167,964 (nett of discount)

2. Ms Wee Wei Ling
(Daughter of Wee Cho Yaw (Chairman & controlling
shareholder of UOL) and sister of Wee Ee Chao
and Wee Ee Lim (Directors of UOL) and Wee Ee
Cheong (controlling shareholder of UOL).)
- #13-17 (96 sq m), S$861,420 (nett of discount)
- #06-02 (148 sq m), S$1,333,584 (nett of discount)

3. Ms Wee Wei Chi
(Daughter of Wee Cho Yaw and sister of Wee Ee
Chao, Wee Ee Lim and Wee Ee Cheong.)
- #11-23 (123 sq m), S$1,159,144 (nett of discount)

Mr Eu Yee Tat David (Spouse of Ms Wee Wei Chi)
(Son-in-law of Wee Cho Yaw and brother-in-law of
Wee Ee Chao, Wee Ee Lim and Wee Ee Cheong.)
- #06-32 (133 sq m), S$1,267,140 (nett of discount)

4. Mr Gwee Lian Chok & Ms Shyong Yew Ming
(Brother and sister-in-law of Gwee Lian Kheng (President & CEO, Director of UOL).)
- #06-16 (103 sq m), S$941,191 (nett of discount)

A 2% discount is offered to Purchasers listed in 1 to 3 above pursuant to the preferential discount scheme of Vista subject to the terms therein. No discount was given to Purchaser No. 4.


Wah liao!
2% discount!

Bypasser
10-04-07, 14:36
Wah liao!
2% discount!


What to do?
Wee Cho Yaw you know?

Biopolis
17-04-07, 14:28
Wow!
All subsales above $950 psf.
Good man!

Teacher
18-04-07, 10:54
If the game of "musical chair" is on, take adavtage of it, but beware, the music could be very short. Greed can make you reach, but it can get you burnt as well, be prepared to face the consequence of your decision


Published April 18, 2007

Penthouse may go for $5K psf


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

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

BLVD comprises 46 units housed in two towers.


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

$$$$
18-04-07, 11:04
What to do?
Wee Cho Yaw you know?


They should know how to make money.

Teacher
18-04-07, 12:43
Please ignore all my previous posts. I am sorry that I have acted like a fool.

Onepolis
18-04-07, 16:34
This is a lesson for those who keep saying that the property prices are too high. Is Murakami-san a fool who bought his penthouse at $2,xxx psf then? There are fools who keep saying these buyers are fools. Time has proven that he has made the right decision. Is he right or is he right? Double, you fool!


This is looking good!
Singapore property market will hit $5,000 psf before second half of the year!

one-north
18-04-07, 16:36
This is looking good!
Singapore property market will hit $5,000 psf before second half of the year!


Of course! Why do you think people pay $1,200 psf for a One-North Residences unit from developer?

Superman
18-04-07, 17:57
This is looking good!
Singapore property market will hit $5,000 psf before second half of the year!


Up up all the way!

one-north
19-04-07, 14:54
One-North Residences Retail Shops up for sale now!

Size: 291 - 1,841 sqft
Price: $1,700 - $1,841 psf

Unregistered
19-04-07, 19:14
One-North Residences Retail Shops up for sale now!

Size: 291 - 1,841 sqft
Price: $1,700 - $1,841 psf


Any restriction on the kind of business you can run in these shop units?

Registered
20-04-07, 11:17
Any restriction on the kind of business you can run in these shop units?


Don't have lah.

Registered
20-04-07, 14:55
The highest psf done for One-North Residences is $1,100 psf.
Does One-North Residences warrant $1,100 psf? Perhaps nobody here can answer this question. Only the launch of One Rochester will answer this question. Let's wait 2 more weeks for the answer.


Around $1,200 psf - not $1,100 psf.

One-North Residences
24-04-07, 14:15
Joyce Teo
24 April 2007

Despite benchmark prices at recent property launches, the upswing in Singapore home prices is only just beginning, according to an analyst at banking giant Citigroup.

Yesterday, Ms Wendy Koh told reporters that the residential market is still in an 'early phase' of a cyclical upswing.

The property market recovery starting this year is across the board, she said.

Prior to a pickup in the mid-market segment in the second half of last year, the upturn was clearly visible only in the luxury home sector.

According to Ms Koh, demand continues to outweigh supply and occupancy rates are likely to reach new highs.

Taking into account recent collective sales, real occupancy is already at a record high of 95.7% versus the reported 93.9%, and it will rise further, she said.

That means home prices are expected to keep rising this year and next, she said. The luxury home market will continue to rise by another 10% to 15% this year.

The mid-market segment may go up by 10 to 20%, the mass market by 10% and the Housing Board (HDB) market by 5 to 10%, she said.

The HDB market is helped by the lessening supply of unsold but completed HDB flats, she said. There are now 4,000 such flats, dramatically down from 25,000 units a few years ago.

Ms Koh also said the office market will be strong, with prime Grade A rentals rising from $11.80 psf to $14.50 psf by the end of the year and to $18.50 psf by the end of next year.

She was speaking yesterday at a media conference held alongside the Citigroup Asia Pacific Property Conference, which was closed to the media.

Trade and Industry Minister Lim Hng Kiang made the opening speech, distributed to the media.

He said: 'Singapore can play an important role as a gateway for global investors to access Asian opportunities via our capital markets.'

A property derivatives market is a potentially exciting area for innovation, he added. If such a market were developed, Singapore would need 'transparent, reliable and well-followed' direct property indexes.

Industry players are currently studying the construction of such indexes, he said. These indexes would enhance information on Singapore's property market and provide benchmarks for structuring property derivatives and other innovative products.

Derivatives are instruments taking their value from another underlying asset, such as a stock or even a stock index.

Generally positive sentiment suggests that this year and the years ahead will be exciting for Asia and its property sector, Mr Lim concluded.

'I am certain that with judicious planning and sound execution, the sector will see strong growth, sustained by liquidity from the capital markets,' he said.


Wow!
We are only in the early phase?
Market is going to "cheong" now.
What a cool 30% price increase by 2008!

Unregistered
24-04-07, 15:14
Wow!
We are only in the early phase?
Market is going to "cheong" now.
What a cool 30% price increase by 2008!

Be careful,
for those 10 yr old property, 30% upside is possible, for the new launch, be aware that developer has already taken your share of 30-50% upside, how much upside left for you, you figure and good luck

Registered
24-04-07, 16:28
Wow!
We are only in the early phase?
Market is going to "cheong" now.
What a cool 30% price increase by 2008!


What we need is 15% per year for the next 5-7 years!
In other words, a 75-105% ROI for this boom cycle.
This is going to be good!

Unregistered
24-04-07, 17:18
What we need is 15% per year for the next 5-7 years!
In other words, a 75-105% ROI for this boom cycle.
This is going to be good!

I bought heavily into property and contruction counters since end of 2005 and had passed my 100% ROI by comfortable margins in majority of counters that I bought a few months ago.

However, I would not use my profit to invest in new launch fancy project by big time developer at this momment even though it is possible that you can get 75-100% ROI in 5-7 yrs, but so as many other types of investment

Biopolis
24-04-07, 18:20
林婉诗
2007-04-24

外来人才纷纷落户新加坡,带动本地私人公寓的租赁需求和租金水平。今年第一季,黄金地区私人公寓租金的涨势,已逐渐蔓延到市区外的私人公寓,及一部分地点优越的政府组屋。

房地产顾问公司第一太平戴维斯(Savills)提供给本报的资料显示,第9、10及11邮区的私人公寓平均租金在今年第一季达每平方英尺2.95元,已超越2000年的高峰水平;其中,高档私人公寓每月租金已上升到每平方英尺5.12元。

资料显示,西部地区(5、21及23邮区)的公寓租金,季对季平均涨幅达10%左右;东北地区(19邮区)的私人公寓则呈现大约9%季对季涨幅。经过这轮上涨,西部和东北地区的两、三睡房式公寓租金将达到一个月2000元到3000元左右。

地点好组屋 租金也升20-40%

与此同时,由于私人公寓租金不断上涨,一些租户也把注意力转向政府组屋单位。第一太平戴维斯的资料显示,地点讨好的政府组屋租金同比上升了20%到40%左右。

由于租金上涨,有报道指出,部分雇主因此调高了在本地工作外籍人士的住宿津贴,调高幅度介于20%到30%。

目前,一个位于9、10或11邮区的一睡房式公寓,月租至少2500元到3500元;四睡房式公寓月租介于1万元到1万2000元。这个地区的有地住宅月租达至少9000元到1万3000元。

第一太平戴维斯说,在新加坡中部地区公寓租金不断上扬的情况下,加上这些地区的公寓供应量基于集体出售活动热潮而渐渐减少,因此东部、东北部及西部的私人公寓租赁交易状况有稳健增加的趋势。

西部的某些新公寓如The Jade、The Linear及The Warren越来越受到外籍人士的青睐,尤其是在国际商业园、 裕廊工业区及启奥生物医药园(Biopolis)工作的外籍人士。

喜欢住得靠近中央商业区及及地铁站的人士,则看好位于中峇鲁及女皇镇一带的公寓;例如,中峇鲁的City Regency及女皇镇的Queens由于交通便利,便吸引了许多潜在租户的租赁询问。

西部地区的公寓得到强劲需求,部分也因为本地的外国学生人数也增多了。去年本地有大约8万个外国学生,比前年增加11.6%左右。由于本地国际学生人数在2015年预料可增加到15万人,外国学生仍会对私人公寓租赁市场持续带来推动力。

由于接下来的需求仍然会是强劲的,第一太平戴维斯预料,本地住宅租金市场接下来仍会呈现良好的表现。随着新加坡朝金融枢纽的方向发展,不少外国金融公司纷纷到新加坡扩充业务。因此,来自外国的金融业专业人士人数预料将增多。

去年,在本地工作的外国人有75万6300人,同比增加了12.6%。这个数字可能会继续增加,因为接下来五年内,新加坡将制造出的45万个新工作,有一半预料将由外国人填满。

配合这个趋势,新加坡接下来五年预料会添加20万个永久居民及4万个公民,这会带动本地住宅市场的需求。

Wow! Biopolis is hot!
One-North Residences is sitting in a pot of gold.

Unregistered
24-04-07, 18:48
Wow! Biopolis is hot!
One-North Residences is sitting in a pot of gold.

Good luck to you,
When one rochester launch, who know, you may be able to make some more paper gains.
Let us know after you take profit, we are all here to celebrate with you

Biopolis
25-04-07, 12:53
Good luck to you,
When one rochester launch, who know, you may be able to make some more paper gains.
Let us know after you take profit, we are all here to celebrate with you


Thanks!
Was told One Rochester launch will be in early next month.
Already have some paper profit. Hopefully can be more with the launch.

Adviser
25-04-07, 14:01
Joyce Teo
The Straits Time
25 April 2007

The number of home buyers paying more than S$5 million for a residential property in Singapore is skyrocketing, a new report has found.

Property consultancy Savills Singapore said last year, 503 sales were done for homes costing more than S$5 million - an "astounding" 229.9% jump over 2005. About 60% of these high-end homes were bought by Singaporeans.

And already in the first quarter of this year, the 157 deals made have surpassed the 153 total for all of 2005. Foreigners accounted for a growing proportion - 55% - of the buyers. In 2005, Singaporeans accounted for about 85% of these deals.

The jump in buyers paying big prices corresponds, not surprisely, with a surge in the prices of high-end homes, particularly in the past 2 years.

In the first quarter of this year, the average price of super luxury homes has shot up to S$2,747 psf, from less than S$2,400 psf in the fourth quarter.

However, luxury homes in Singapore are still considered a bargain compared with other major gateway cities around the world, said Savills.

In London, the world's most expensive city in the high-end market, the average price of high-end homes hovers around S$8,900 psf, it said.

In New York, such homes cost about S$4,500 psf on average. And apartments in Roppongi Hills in Tokyo cost about S$3,400 psf on average.


Better grab some cheap sub-sale before One Rochester launch.
One Rochester price will be above $1,200 psf.
There are many One-North Residences sub-sales below $1,100 psf.

Unregistered
25-04-07, 14:10
Better grab some cheap sub-sale before One Rochester launch.
One Rochester price will be above $1,200 psf.
There are many One-North Residences sub-sales below $1,100 psf.

Where is the "beef"?

I doubt anyone will be that stupid to get the baby from flipper at this point in time. Agree?

Big Whale
25-04-07, 16:38
Home Prices Seen Rising Further This Year
Building, financial services sectors to benefit as well
Uma Shankari
25 April 2007

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

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

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

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

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

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

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

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

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

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


Buy buy buy!

Buy at $1,050 psf then sell off at $1,350 later when One Rochester reach $1,400 psf or even higher if you want to hold a bit longer.

UBS says up. Citigroup says up.
MAS says up. MM also says ......

The more you wait, the smaller the beef.

Onepolis
25-04-07, 17:11
Be careful,
for those 10 yr old property, 30% upside is possible, for the new launch, be aware that developer has already taken your share of 30-50% upside, how much upside left for you, you figure and good luck


The more you wait, the smaller the profit.
Do it now and laugh 1 year later.

richard mcbeef
25-04-07, 17:13
Hello how are you.

i'm the beef.

property prices will not start going down until 2010. cos that's when the elections will be held.

The Party Animal
25-04-07, 17:20
Hello how are you.

i'm the beef.

property prices will not start going down until 2010. cos that's when the elections will be held.


While it is true that we are in the process of enhancing your asset. Please do not tie property prices to election. Property prices are determined by market forces. We are doing our best to have minimum interference on the market and have nothing to do with property prices.

Unregistered
25-04-07, 17:33
Hello how are you.

i'm the beef.

property prices will not start going down until 2010. cos that's when the elections will be held.

Hi Mr. Beef

Developer has already decided to launch One Rochester 100% higher that they first intended

So Citicorp is only talking about price is going up by 30% from here to 2010. So, where is the beef?

Unregistered
25-04-07, 17:35
Buy buy buy!

Buy at $1,050 psf then sell off at $1,350 later when One Rochester reach $1,400 psf or even higher if you want to hold a bit longer.

UBS says up. Citigroup says up.
MAS says up. MM also says ......

The more you wait, the smaller the beef.

I can see many flippers are getting nervous and start to panic

Clapper
25-04-07, 17:40
I can see many flippers are getting nervous and start to panic


Sitting on $200 psf profit needs to panic meh?

Showroom Hopper
27-04-07, 14:22
One-North Residences Retail Shops up for sale now!

Size: 291 - 1,841 sqft
Price: $1,700 - $1,841 psf


More like $1,900 psf leh.

Unregistered
27-04-07, 14:50
Sitting on $200 psf profit needs to panic meh?

Real Investors only talk about gains when a deal is done and the money is in the bank. Remember, even someone said he/she is willing offer X dollars for your unit, it doesn't count until the money is in your hand because he/she can change mind.

Clapper
27-04-07, 15:08
Real Investors only talk about gains when a deal is done and the money is in the bank. Remember, even someone said he/she is willing offer X dollars for your unit, it doesn't count until the money is in your hand because he/she can change mind.


Does that mean that I should panic?

Unregistered
27-04-07, 15:19
Does that mean that I should panic?

No it means you should sit back relax and forget about it until at least One Rochester is launched.

Unregistered
27-04-07, 15:22
Does that mean that I should panic?

You should take profit and tell us you have the money in the bank, but not everyone tell us you are sitting on paper gains. Paper gain is not real!

Clapper
28-04-07, 00:11
You should take profit and tell us you have the money in the bank, but not everyone tell us you are sitting on paper gains. Paper gain is not real!



But should I panic?

But should I panic?

Do you need me to ask again?
I can ask again!

Happy Feet
28-04-07, 02:20
But should I panic?

But should I panic?

Do you need me to ask again?
I can ask again!



Hello!
No need to engage in a argument here.
Market is going up. Everybody is making money.
Everybody is happy!

Curious
06-05-07, 19:37
So is One-North Residences subsale prices going up now that One Rochester is launching?

Williams BMW
12-05-07, 23:27
Be careful,
for those 10 yr old property, 30% upside is possible, for the new launch, be aware that developer has already taken your share of 30-50% upside, how much upside left for you, you figure and good luck


Be careful of what?
No upside left? My foot!

Pending IRs and F1 decision, you say it's dangerous.
IRs confirmed but F1 pending, you again say it's dangerous.
Now IRs and F1 both confirmed, you still say it's dangerous!
When will it be safe?
When IRs are built and F1 running?
By then it's too late lah!

You will be priced out of the market by then!
Now is safe, then will be dangerous.

Unregistered
12-05-07, 23:34
Be careful of what?
No upside left? My foot!

Pending IRs and F1 decision, you say it's dangerous.
IRs confirmed but F1 pending, you again say it's dangerous.
Now IRs and F1 both confirmed, you still say it's dangerous!
When will it be safe?
When IRs are built and F1 running?
By then it's too late lah!

You will be priced out of the market by then!
Now is safe, then will be dangerous.


Nothing is 100% for sure. Better to be slightly conservative then overly confident.

Williams BMW
13-05-07, 00:05
Nothing is 100% for sure. Better to be slightly conservative then overly confident.


Yah but at the bottom of the cycle (or when they just announce IRs and F1), you go in and not complain high. You only complain at the later part.

Unregistered
13-05-07, 00:34
Be careful of what?
No upside left? My foot!

Pending IRs and F1 decision, you say it's dangerous.
IRs confirmed but F1 pending, you again say it's dangerous.
Now IRs and F1 both confirmed, you still say it's dangerous!
When will it be safe?
When IRs are built and F1 running?
By then it's too late lah!

You will be priced out of the market by then!
Now is safe, then will be dangerous.

I can't buy anymore because I spent every cents that I had on buying properties in 2004 and 2005, and I bought my last property in 2006. Hope you all still got plenty money to buy. Initially, I thought I need to wait 5-10 yrs to cash in, but I guess I should be start doing the selling soon. Life is full of surprise and it is important not to be greedy.

Observer.
13-05-07, 10:08
I can't buy anymore because I spent every cents that I had on buying properties in 2004 and 2005, and I bought my last property in 2006. Hope you all still got plenty money to buy. Initially, I thought I need to wait 5-10 yrs to cash in, but I guess I should be start doing the selling soon. Life is full of surprise and it is important not to be greedy.


You last bought in 2006 but the One-North Residences was launched in 2007. Wah! You are in the wrong thread leh!

Unregistered
13-05-07, 12:25
You last bought in 2006 but the One-North Residences was launched in 2007. Wah! You are in the wrong thread leh!

Don't you know by the time of launching of many projects, 25% of the units were already reserved. Don't complaining "life is not fair" all the times and start working harder. One day, you may be good enough to be invited to have the first pick in property and stocks.

Observer.
13-05-07, 16:22
Don't you know by the time of launching of many projects, 25% of the units were already reserved. Don't complaining "life is not fair" all the times and start working harder. One day, you may be good enough to be invited to have the first pick in property and stocks.


I boughts 2 units during the Director launch leh.
That is 2007 - not 2006.
Don't smoke please!

Unregistered
13-05-07, 17:25
I boughts 2 units during the Director launch leh.
That is 2007 - not 2006.
Don't smoke please!

Yes, I know what Director Launch is.
Do you think this is what I am talking about.
Work harder and someday you may understand what I am talking about. Director and soft launch or whatever fancy name they come up with, as long there is this word "launch" in it, these sales activities is more or less for the masses and don't fool yourself that you are given any special treatment. You have some way to go.

Registered
13-05-07, 23:06
Yes, I know what Director Launch is.
Do you think this is what I am talking about.
Work harder and someday you may understand what I am talking about. Director and soft launch or whatever fancy name they come up with, as long there is this word "launch" in it, these sales activities is more or less for the masses and don't fool yourself that you are given any special treatment. You have some way to go.


1. Mr Gwee Lian Kheng (President & CEO, Director of UOL) and Low Rowee (spouse):
- #12-02 (148 sq m), S$1,415,904 (nett of discount)
- #12-23 (123 sq m), S$1,167,964 (nett of discount)

2. Ms Wee Wei Ling
(Daughter of Wee Cho Yaw (Chairman & controlling
shareholder of UOL) and sister of Wee Ee Chao
and Wee Ee Lim (Directors of UOL) and Wee Ee
Cheong (controlling shareholder of UOL).)
- #13-17 (96 sq m), S$861,420 (nett of discount)
- #06-02 (148 sq m), S$1,333,584 (nett of discount)

3. Ms Wee Wei Chi
(Daughter of Wee Cho Yaw and sister of Wee Ee
Chao, Wee Ee Lim and Wee Ee Cheong.)
- #11-23 (123 sq m), S$1,159,144 (nett of discount)

Mr Eu Yee Tat David (Spouse of Ms Wee Wei Chi)
(Son-in-law of Wee Cho Yaw and brother-in-law of
Wee Ee Chao, Wee Ee Lim and Wee Ee Cheong.)
- #06-32 (133 sq m), S$1,267,140 (nett of discount)

4. Mr Gwee Lian Chok & Ms Shyong Yew Ming
(Brother and sister-in-law of Gwee Lian Kheng (President & CEO, Director of UOL).)
- #06-16 (103 sq m), S$941,191 (nett of discount)

A 2% discount is offered to Purchasers listed in 1 to 3 above pursuant to the preferential discount scheme of Vista subject to the terms therein. No discount was given to Purchaser No. 4.


Stop smoking here.
These folks also bought theirs in 2007 - not 2006.

If you did not buy any One-North Residences, just keep you mouth shut and get lost! This is the One-North Residences thread - not your talk-cock thread!

Unregistered
13-05-07, 23:22
Stop smoking here.
These folks also bought theirs in 2007 - not 2006.

If you did not buy any One-North Residences, just keep you mouth shut and get lost! This is the One-North Residences thread - not your talk-cock thread!

I guess most flippers were buying one north because everyone is telling them one rochester is going to launch at much higher price and one north is sure win "get-rich-quick" proposal. Good luck to you if you are one of those flippers.

From investment point of view, I just don't see any investment sense to spend over one million for a 2BR even without bath tub in that location. Mark my words: The rental yield is going to be less than 3% (assuming you bought at 1000 psf) at 2010 in that location. It is a stinky investment. Even a high qualty bond will be doing better than this sort of yield anytime anywhere.

Registered
14-05-07, 16:55
I guess most flippers were buying one north because everyone is telling them one rochester is going to launch at much higher price and one north is sure win "get-rich-quick" proposal. Good luck to you if you are one of those flippers.

From investment point of view, I just don't see any investment sense to spend over one million for a 2BR even without bath tub in that location. Mark my words: The rental yield is going to be less than 3% (assuming you bought at 1000 psf) at 2010 in that location. It is a stinky investment. Even a high qualty bond will be doing better than this sort of yield anytime anywhere.


Luckily all the folks know your words cannot be trusted.

Unregistered
14-05-07, 17:10
Luckily all the folks know your words cannot be trusted.

He sounds like a pro in investing.
Don't worry,
If you are not so sure whether you made a right decision, just sell it off ASAP and I am sure you stand a good chance to lose only a few percents
What is few percents of a million anyway

Wee Wei Ling
14-05-07, 20:01
He sounds like a pro in investing.
Don't worry,
If you are not so sure whether you made a right decision, just sell it off ASAP and I am sure you stand a good chance to lose only a few percents
What is few percents of a million anyway


Stop your nonsense.
Shut up!

Unregistered
14-05-07, 20:12
Stop your nonsense.
Shut up!

You are losing it,
You must be really worrying?

Wee Wei Ling
14-05-07, 22:41
You are losing it,
You must be really worrying?


Losing? Me never! You ever!
My brother who has just become the bank CEO will help me.

Unregistered
14-05-07, 22:46
Losing? Me never! You ever!
My brother who has just become the bank CEO will help me.

The phrase, "you are losing it" usually
means "you are losing your cool"
It got nothing to do with money
No offense, just want to help

Registered
15-05-07, 11:08
The phrase, "you are losing it" usually
means "you are losing your cool"
It got nothing to do with money
No offense, just want to help


Friend, you have a problem with her? Go beat her up or kidnap her lah.
Don't waste our thread here for your personal argument with her.
This thread is meant for discussion on One-North Residences condo.

P.S.: Kidnap her and you will be rich. No need to spend any more time on the forum or doing investment.

Observer.
21-05-07, 14:13
I guess most flippers were buying one north because everyone is telling them one rochester is going to launch at much higher price and one north is sure win "get-rich-quick" proposal. Good luck to you if you are one of those flippers.

From investment point of view, I just don't see any investment sense to spend over one million for a 2BR even without bath tub in that location. Mark my words: The rental yield is going to be less than 3% (assuming you bought at 1000 psf) at 2010 in that location. It is a stinky investment. Even a high qualty bond will be doing better than this sort of yield anytime anywhere.



All the hand-wringing about asset/property price surges may be a little unwarranted. Having had a depressed market for 10 years, everyone should just cheer up and enjoy the boom.

- 21 May 2007


Up a little bit only, cry father cry mother.
Market have only just started to move, no need to get so excited.

Cheer up!
Properties in one-north will continue to "recover" or move up from the 10-year depression.

St.
24-05-07, 09:23
It started from $780psf at pre-pre-launch for VVVIP and had gone up some 20% (to $950psf) in less than a week (even before public launch). I think the flippers are too daring and just too many. One must be a fool to buy now from these flippers. Well, wish the flippers wait long long...

Investor.
24-05-07, 10:40
It started from $780psf at pre-pre-launch for VVVIP and had gone up some 20% (to $950psf) in less than a week (even before public launch). I think the flippers are too daring and just too many. One must be a fool to buy now from these flippers. Well, wish the flippers wait long long...


They are not daring. They learnt their lesson since 2005.
In 2005: "It's foolish to buy at these prices."
In 2006: "It's foolish to buy at these prices."
In 2007: They do not want to say "It's foolish!" again.
Cos if they do, they will be foolish when they look back in 2008, 2009, ....

St.
24-05-07, 15:21
They are not daring. They learnt their lesson since 2005.
In 2005: "It's foolish to buy at these prices."
In 2006: "It's foolish to buy at these prices."
In 2007: They do not want to say "It's foolish!" again.
Cos if they do, they will be foolish when they look back in 2008, 2009, ....

I can't disagree with you in principle. But the question is that what are 'these prices'. If $780 is that price, is $950 after just several days of soft-launch still that price? The developers raised price everyday so leave little room for future appreciation to the buyers, I question the wisdom of speculating at these prices. The slow or no subsale so far proves it...

pte banker
24-05-07, 16:14
as long as there are sceptics the market can still go up. when everybody is bullish and thinks this is the new era for singapore property then it is the top. hence judging from some people's reactions to current prices, the market is still bullish.

Unregistered
24-05-07, 17:54
as long as there are sceptics the market can still go up. when everybody is bullish and thinks this is the new era for singapore property then it is the top. hence judging from some people's reactions to current prices, the market is still bullish.

I just sold my last investment property today. I hope price can go up somemore and glad to see everyone make some including the purchaser of my property today. In fact, if price can go up 20% or more from here in next few months, I don't mind to sell off my last property and rent one instead. I have a feeling that there will be sharp correction ahead and am looking forward to fire sale in property and stocks in the coming days

Curious
24-05-07, 18:14
I just sold my last investment property today. I hope price can go up somemore and glad to see everyone make some including the purchaser of my property today. In fact, if price can go up 20% or more from here in next few months, I don't mind to sell off my last property and rent one instead. I have a feeling that there will be sharp correction ahead and am looking forward to fire sale in property and stocks in the coming days


Which district is your sale in?
What is the percentage gain over purchase price?

Unregistered
24-05-07, 19:59
Which district is your sale in?
What is the percentage gain over purchase price?

district 5,
gain 25%, but the property was purchased in 2003.

one-north
26-06-07, 16:04
Time for this District-5 and one-north-centric project to fly in July.
The Rochester is going to lift One-North Residences to a new high.

St.
26-06-07, 17:38
fly from the crazy sky-high launch price ($1000 psf)? wait long long...

Happy Man
26-06-07, 17:42
fly from the crazy sky-high launch price ($1000 psf)? wait long long...

No need to wait lah.
Just sold mine and made a small profit of $200k.

If wait a bit longer, it will be $300k.
Yes!

St.
26-06-07, 18:35
No need to wait lah.
Just sold mine and made a small profit of $200k.

If wait a bit longer, it will be $300k.
Yes! If your 200k profit is based on the initial psf of $78x, then it's not news b's the psf had already gone up to around $1000 at the end of soft-launch. We all knew the insiders had gotten a handsome profit, you just cash in. But I think the buyer of your unit (if he flips) will have to wait long long...

Happy Man
27-06-07, 00:14
If your 200k profit is based on the initial psf of $78x, then it's not news b's the psf had already gone up to around $1000 at the end of soft-launch. We all knew the insiders had gotten a handsome profit, you just cash in. But I think the buyer of your unit (if he flips) will have to wait long long...


Why so negative?
Keep saying 'high', 'high', 'high' everyday!
Say 'hi' lah.
Still can go up some more.

Just buy and make money mah.
Talking can't make money one.

Onepolis
06-07-07, 17:01
In URA website, there is a 1,615sqft 4-bedroom done at $1,115psf in May. Which unit is this?

Also, there is a 3,089sqft penthouse done at $1,100psf in June. Which unit is this?

The Straits Times
07-07-07, 02:54
The Straits Times
6 July 2007

The booming property market will drive prices for private housing above the 1996 peak by the middle of next year, according to an HSBC economist.

Senior Asian economist, Robert Prior-Wandesforde, said on Friday, "The real estate market has probably further to run. We may be in some of the earliest stages of a bubble, but there is more for prices to go."

"The private residential market is nowhere near that of mid-1996, so there is still room (for prices) to appreciate further even if we're in the early stages of a bubble."

Mr Prior-Wandesforde believes that property prices will go higher partly because the ratio of home prices to income is only half that of 1996.

Wage growth is also running at multi-year highs and interest rates are low.

He also cited the speculative activity that is boosting prices.

And while prices in strict number terms may pass 1996 levels soon, once factors including wage levels are accounted for, the real catch-up will be some way off.

Registered
09-07-07, 12:25
The Straits Times
6 July 2007

The booming property market will drive prices for private housing above the 1996 peak by the middle of next year, according to an HSBC economist.

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

And while prices in strict number terms may pass 1996 levels soon, once factors including wage levels are accounted for, the real catch-up will be some way off.


Still have at least 30% more upside.
Good!

Unregistered
09-07-07, 13:13
The Straits Times
6 July 2007

The booming property market will drive prices for private housing above the 1996 peak by the middle of next year, according to an HSBC economist.

Senior Asian economist, Robert Prior-Wandesforde, said on Friday, "The real estate market has probably further to run. We may be in some of the earliest stages of a bubble, but there is more for prices to go."

"The private residential market is nowhere near that of mid-1996, so there is still room (for prices) to appreciate further even if we're in the early stages of a bubble."

Mr Prior-Wandesforde believes that property prices will go higher partly because the ratio of home prices to income is only half that of 1996.

Wage growth is also running at multi-year highs and interest rates are low.

He also cited the speculative activity that is boosting prices.

And while prices in strict number terms may pass 1996 levels soon, once factors including wage levels are accounted for, the real catch-up will be some way off.

The transactions in the last 6-8 weeks have reached 1996 level already in most areas. The numbers from URA are way behind the reality and evryone knows it.

HSBC Economist
09-07-07, 13:47
The transactions in the last 6-8 weeks have reached 1996 level already in most areas. The numbers from URA are way behind the reality and evryone knows it.


District 5 has yet to reach its 1996 level.

Anthony Liew
09-07-07, 14:07
One-North Residences

980 sqft
ASKING FOR $1.35 (NEG)
SERIOUS SELLER

Unregistered
09-07-07, 16:39
This one sure firesale one, sure can buy one. Got money can buy. I predict can hit 5000psf in the future. So this one can buy one. Later got nobel laureate from the area, then rich lo, can buy. Pay 10,000psf also can. So can buy. I sell you at 1500psf. Good bargain now. Want or not? Next time 5000 or 10,000psf possible.

Low Kheng Huat
09-07-07, 16:43
This one sure firesale one, sure can buy one. Got money can buy. I predict can hit 5000psf in the future. So this one can buy one. Later got nobel laureate from the area, then rich lo, can buy. Pay 10,000psf also can. So can buy. I sell you at 1500psf. Good bargain now. Want or not? Next time 5000 or 10,000psf possible.


Buy?
Buy your head lah?
Sold out o'lready lah!
Aftonoon o'lready start dreamin'. Not night time yet.

Unregistered
09-07-07, 17:19
Buy?
Buy your head lah?
Sold out o'lready lah!
Aftonoon o'lready start dreamin'. Not night time yet.

Buy from sub-sellers la. Buy high high from them. let them shiok shiok earn big bucks. Buyers got money what. Pay to give them a high lor.

Registered
09-07-07, 22:58
Buy from sub-sellers la. Buy high high from them. let them shiok shiok earn big bucks. Buyers got money what. Pay to give them a high lor.


It's a sellers' world. They've got choice.
When they see your idiotic face, they will not sell to you, even if your bid is high. (From your message, we can see you are an idoit!)
Too bad for you!

Unregistered
09-07-07, 23:03
It's a sellers' world. They've got choice.
When they see your idiotic face, they will not sell to you, even if your bid is high. (From your message, we can see you are an idoit!)
Too bad for you!

Just ignore him. He writing nonsense in every forum!

SOS
09-07-07, 23:32
Just ignore him. He writing nonsense in every forum!


Ignore him?
No lah. We should help him.

Do you want a Virginia shooting case in Singapore?
When we sense somebody is going down, we must do something before it is too late.

Unregistered
10-07-07, 09:17
If I am the government, I will take measures to slow the growth to 5 to 7% per year (not quarter). This is healthier and sustainable. An exception I will make is the luxury class condo (above 2500psf). For these, the buyers will be less price-sensitive. So the measures will be these:

1. Scrap deferred payment schemes and return to progressive payments.

2. No bank loan amount above 80% of property value.

3. Capital gain tax of 25% for sale of property bought within the last 2 years. If foreigner, the tax should be 35%.

4. Additional foreigners stamp duty tax of 3 to 5% for buying property in Singapore. PR excluded.

5. Luxury tax of 10% for those who bought property above $2500 psf. This is a way to give back to society.

rpf2
10-07-07, 11:58
If I am the government, I will take measures to slow the growth to 5 to 7% per year (not quarter). This is healthier and sustainable. An exception I will make is the luxury class condo (above 2500psf). For these, the buyers will be less price-sensitive. So the measures will be these:

1. Scrap deferred payment schemes and return to progressive payments.


The interesting question is which authority will implement the scrapping. Property developers are not under MAS since they are not financial institutions. hence the only avenue MAS could do was to monitor/intervene via banks extending loans to property developers. Maybe this falls under Ministry of Finance purview...




2. No bank loan amount above 80% of property value.


Not sure if they will do this since retail mortgages arent exactly growing at the moment. Also curbing this may not necessary curb the speculation since majority of them do not take loans in the first place under deferred payment scheme




3. Capital gain tax of 25% for sale of property bought within the last 2 years. If foreigner, the tax should be 35%.


Govt implemented cap gains in 90s then removed it few years ago. For them to reinstate this may seem too much of a flip-flop. Not very pro-investor friendly to keep doing this.




4. Additional foreigners stamp duty tax of 3 to 5% for buying property in Singapore. PR excluded.


This could happen. but last thing u want to do is stem the Foreign flows. Plus it would not address most of the flipping that is done by locals if restrict to foreigners only.




5. Luxury tax of 10% for those who bought property above $2500 psf. This is a way to give back to society.


Not sure how much government wants to be perceived to be practicing discriminated taxing esp if they're cutting highest income tax bracket to attract talent i.e.

G Ng
10-07-07, 12:51
Grace Ng
Finance Reporter
The Straits Times
10 July 2007

The overall exposure of Singapore banks to property-related loans taken out by investment buyers and financial institutions amid the property boom is rising. But experts are not worried. A new Citigroup report says the percentage is set to climb from 27% of total loans currently to 'closer to 30%' by year-end.

But this is 'still comfortably below' a regulatory limit of 35%, it said. Foreign banks may be nearer to the limit than local ones, said Citigroup economist Chua Hak Bin yesterday.

All these figures exclude property loans taken out by owner-occupiers - about 80% of all bank loans.

If banks approach the limit, customers could be charged higher interest rates for investment- related mortgages compared to owner-occupied ones, suggested Dr Chua.

Mr Paul Kwee, Citigroup Singapore's corporate bank director and head of real estate, noted: 'In view of the recent increase in lending activity, it may well be that certain banks have less appetite, and may become more selective in granting loans, as well as in reviewing the terms that go with the loans.'

Dr Chua also pointed out that while speculative buying of property has risen and may climb further over the next few years, it is still well below the level seen in the property boom of the mid-1990s.

So bank-loan exposure to the property sector 'is likely to remain within tolerable limits'.

In May, about 25% of mortgages taken out by investment buyers and 33% of loans to financial institutions were property-related, estimated Citigroup. This works out to an overall property-related loan exposure for the banking sector of 28.7%, well below the 35% limit.

The limit was introduced by the MAS in May 2001, as a safeguard to limit the risks of the banking system's exposure to property loans, especially speculative activity.

But Dr Chua expects 'mortgage growth to accelerate' to near 30% in the next 6 months, as more new property projects are completed and some homebuyers on the deferred payment scheme apply for loans.

A higher proportion of new mortgages are likely to be investment-related, given the 'already high home ownership in Singapore of about 93%'.

OCBC Bank has seen the ratio of new applications for investment properties to owner-occupied ones rise, but the latter is still the 'key driver of overall sales', noted head of consumer secured lending Gregory Chan.

DBS Bank and Maybank said about a fifth of their Singapore mortgages are for investment properties, while Standard Chartered Bank said the percentage is between 15 and 20%. The rest are owner-occupied ones.

A Maybank spokesman argued that 'there is no direct relationship between loan rates and the 35% limit'. The pricing of mortgage rates and corporate loan rates depends on a combination of factors, such as the risk profile of the borrower, the purpose of the loan and the type of property mortgaged, she said.

In his report, Dr Chua also noted that property speculation may have increased, as reflected in the rise in sub-sale deals to about 10.5% of total transactions for the April to May period, compared with about 3% 3 years ago. But this is still much lower than the 1990s peak.

J Wong
10-07-07, 13:09
Jeana Wong
Channel NewsAsia
9 July 2007 2126 hrs

Rising rentals in Singapore have led to more expatriates buying properties here.

Property market watchers say a growing number of foreign executives are choosing to trade off living in upscale locations for bigger properties outside the city area and home ownership.

According to some calculations, average rents in Singapore went up by 35% in the first 6 months of this year over the same period last year.

This is causing expatriates to move to cheaper districts.

And anecdotal evidence is suggesting that of late, more are thinking of buying their flats.

Nicholas Mak, Consultancy and Research Director, Knight Frank, said: "Another group of expatriate tenants are actually considering buying properties - either buying the apartments they are renting, ... or considering asking for their rental package - their housing accommodation package - to be paid as a lump sum so that they can use that to purchase a home, maybe even a landed property."

Flats in prime districts now rent for an average of S$3.26 per square foot a month, while those just outside of the central areas are letting for $2.30 per square foot a month.

The districts of 9, 10 and 11 may be rental hotspots for most higher-end expats.

But analysts say those seeking to buy tend to go for the upper-mid level properties between 15 to 20 years old in outlying areas like Clementi, Toh Tuck and even Loyang and Pasir Ris.

Such expats, some of whom are permanent residents, typically have a budget of just over a million dollars.

Donald Han, Managing Director, Cushman and Wakefield, said: "We've actually started to see out of 10 expatriates that we serve, at least one will be looking into either leasing or potentially even buying. And quite a fair bit of those will ultimately decide to purchase rather than lease. Typically they'll look into the fringe of Districts 9, 10, and 11.

"They will look into properties which are not the top end, more into the upper-mid level, potentially within the S$800 to as much as S$1,200 psf. And the units could be of the size of one- to two-bedroom kind of apartments. For landed property, typically perhaps a District 21, landed terrace houses which might go in the region of a million to S$1.2 million."

Property market watchers say the upward pressure on rental prices is unlikely to let up over the next 12 months.

Mr Mak said: "Private home rentals are still going to face a lot of upward pressure for the rest of this year and probably for the first half of next year. This year alone, we could easily see average rentals go up by anywhere from 15% to even as much as 25%."

Mr Han said: "Rental will continue to rise by virtue that it's really a landlord's market. I suspect rental in the next 12 months will probably continue to rise between the range of about 20% to 25% from current levels."

This comes as demand continues to grow and collective sales aggravate the already limited supply available.

Unregistered
18-07-07, 14:04
Over at the rochester it was the sohos that sold at the highest psf prices - 1,600psf. One interesting observation when I was scanning through the ads for One North. I do not see any sohos? Was there no SOHOs at one north?

Business Times
20-03-08, 18:37
http://www.businesstimes.com.sg/mnt/static/image/images/topMasthead_small.gif
JLL sees more intensive land use near Buona Vista Station
Area undergoing development to turn it into commercial and R&D hub
Kalpana Rashiwala
Business Times
Thursday, 10 January 2008

http://bp2.blogger.com/_YlvEjlIelzk/R4VvTiB1D-I/AAAAAAAAH8M/3ey0FTuNcgM/s1600/1.jpg
Lush greenery: 'The whole place will be very vibrant, like university towns in the US and UK,' says DTZ executive director Ong Choon Fah

Land use around Buona Vista Station is likely to be intensified to maintain the buzz from the development of one north and optimise the area's improved accessibility when the new Circle Line intersects with the existing East-West Line.

Lush greenery: 'The whole place will be very vibrant, like university towns in the US and UK,' says DTZ executive director Ong Choon Fah

Making the point in a study on likely changes in Master Plan 2008, Jones Lang LaSalle's head of research (South-east Asia) Chua Yang Liang says: 'Buona Vista is fast becoming the next sub-regional centre for the western region'.

The area is undergoing intensive development to turn it into 'a commercial and R&D hub' with social and recreational amenities, as envisaged by official planners.

Property consultants expect more intense land use to be confined largely to the areas close to the existing and adjacent new (Circle Line) MRT stations and to sensitively integrated with lush greenery and colonial-type buildings in places like Rochester Park and Wessex Estate to create a blend of the old and new.

'In other words, this is not going to be a sterile environment,' says DTZ executive director Ong Choon Fah. 'The whole place will be very vibrant, like university towns in the US and UK. MNCs tend to be attracted to where the talent is, where universities are.'

JLL identified several sites in the immediate vicinity of the existing and new Buona Vista MRT stations for its study on anticipated plot ratio changes in Master Plan 2008.

Two vacant state sites flanking the MRT stations, which are currently zoned for commercial use but without plot ratios specified in Master Plan 2003, could see plot ratios of 4.8-5.6 in Master Plan 2008, Dr Chua suggests, comparing them to the URA and MND buildings near Tanjong Pagar MRT Station and Revenue House near Novena MRT Station.

A reserve site - part of which is now used as a bus interchange - could be rezoned for commercial use integrated with a new bus interchange, JLL suggests in its study.

This would be akin to similar commercial buildings with bus interchanges near Ang Mo Kio and Toa Payoh MRT stations.

Two sites now zoned for Business 1 use (clean and light industrial/warehouse use) could have plot ratios raised from 2.5 to 2.8 to maximise their potential, JLL reckons.

New developments at one-north include Biopolis (the first two phases of which are already up) and Fusionopolis (phase 1 will be ready by the end of this quarter); a mixed use development by United Engineers that will include The Rochester condo, retail podium and business hotel; One North Residences by UOL, Low Keng Huat and Kheng Leong; and right next to the new Circle Line MRT Station, a civic, cultural and retail complex with a 5,000-seat theatre and a mall with mostly food and beverage and entertainment outlets, developed jointly by CapitaLand and Rock Productions. All of these are part of one north, which is positioned as an icon of a knowledge-based economy.

As well, Buona Vista is close to trendy areas like Holland Village and Rochester Park and several academic institutions including National University of Singapore, Insead, Anglo Chinese Junior College and Anglo Chinese School (Independent), and United World College, plus the emerging high-tech area of Tanglin Halt Industrial Estate.
http://bp2.blogger.com/_YlvEjlIelzk/R4VvGiB1D9I/AAAAAAAAH8E/H8RgDEGO0uQ/s1600/2.jpg

Unregistered
25-03-08, 12:30
Wah! one-north is hot man!

Teana
26-04-08, 23:48
http://img.photobucket.com/albums/v133/RafflesCity/onenorth.jpg

angelizm
27-04-08, 01:04
http://img.photobucket.com/albums/v133/RafflesCity/onenorth.jpg

i must say, its a good area. eh, anyone seen the fusionopolis building? very impressive.. there's this bomb look-alike thing in the middle. :D

Business Times
06-05-08, 14:07
http://www.businesstimes.com.sg/mnt/static/image/images/topMasthead_small.gif
New Master Plan expected to see selective changes
Key sectors seen benefiting include hotels, aerospace, healthcare, transport
Kalpana Rashiwala
The Business Times
Tuesday, 6 May 2008

Urban Redevelopment Authority's Master Plan 2008 - which will be exhibited soon - will see changes in land use and increases in plot ratios, but these will be selective and focused on growth areas, rather than a widespread upgrade in densities, DBS Vickers Securities said in a report dated yesterday.

The strategic initiatives from the Master Plan will filter down to improved growth fundamentals for various economic sectors. While the property sector will be a key and obvious beneficiary, also standing to benefit from the strategic outline are the hotels, aerospace, healthcare, transport and construction sectors, the report said.

More land will be provided for development of the aerospace industry and the establishment of a designated hub near Seletar Airport will continue to provide strong fundamentals for the sector's continued growth. For the healthcare sector, DBS Vickers sees a medical hub developing around the Novena area and 'we could see rezoning of land parcels in this area to facilitate the development of this medical hub'.

It also suggests plot ratio increases in some mature HDB estates, as part of the rejuvenation plan. With Jurong and Paya Lebar earmarked as new business hubs outside the CBD, 'we are likely to see a concentration of Government Land Sale projects in these two areas in the medium term'.

Noting that the authorities have revealed plans for new residential enclaves such as the area around Marina South Gardens and Kallang Basin, it said, 'we expect rezoning and plot ratio adjustments in these areas'.

'We expect much of the key significant land use and plot ratio changes to be concentrated in certain strategic areas - Seletar (aerospace industrial use), Jurong (new regional centre), Paya Lebar (commercial hub near city fringe), Marina Bay (white sites and residential), Novena (medical and healthcare), Kallang Basin (residential) and Ophir-Rochor (mixed development).'

The report added: 'With the phased opening of the Circle Line from 2009 onwards, we also expect to see an increase in plot ratios for undeveloped state land sites that are close to Circle Line MRT stations, and in particular those that intersect with existing MRT stations.'

'With interchange stations planned at Paya Lebar, Serangoon, Bishan, Buona Vista, Harbourfront and Dhoby Ghaut, we believe that the highest potential for plot ratio changes could come at the Paya Lebar and Serangoon stations, given that the area around the remaining interchange stations are already relatively built up,' DBS Vickers said.

http://www.businesstimes.com.sg/mnt/media/image/launched/2008-05-06/060508_krmaster6.jpg

Pink4
13-05-08, 21:20
The developer already sold way, way into the future. Any plot ration revision has already been factored into selling price. A "high" class condo in the midst of an industrial town? Actually walking distance from the factories at Ayer Rajah. Save transport costs.

Unreg¡stered
15-05-08, 13:10
The developer already sold way, way into the future. Any plot ration revision has already been factored into selling price. A "high" class condo in the midst of an industrial town? Actually walking distance from the factories at Ayer Rajah. Save transport costs.
12-storey is high plot ratio?

one-north is industrial park? You wanna mock Philip Yeo or EDB? He don't read this forum. Write to him or EDB directly.

A blurr **** (or pink ****) amongst the smart forumers?

One North SOHO owner
27-05-08, 19:06
Over at the rochester it was the sohos that sold at the highest psf prices - 1,600psf. One interesting observation when I was scanning through the ads for One North. I do not see any sohos? Was there no SOHOs at one north?


Sure there are SOHO units at One North Residences. Limited units on top of the sold out (for $2000+psf) handful of shop houses facing the media school. I have one of the only two units in the whole development with 710 sq ft space in best stand alone block #59 (Other units are 500-600 sq ft) Are you interested? As second buyer you can qualify for deferred payment too. I want to change to a bigger 4 bedrm unit for own use. This place will surely be one very unique classy development.

cash
27-05-08, 21:24
Sure there are SOHO units at One North Residences. Limited units on top of the sold out (for $2000+psf) handful of shop houses facing the media school. I have one of the only two units in the whole development with 710 sq ft space in best stand alone block #59 (Other units are 500-600 sq ft) Are you interested? As second buyer you can qualify for deferred payment too. I want to change to a bigger 4 bedrm unit for own use. This place will surely be one very unique classy development.

haha trying to cash out right ....

One North SOHO owner
28-05-08, 10:23
haha trying to cash out right ....


Nope not at all. I will swop units with anyone who has a 3 bedder and wants to take some cash out. At first I bought for investment but now I'd like to move in myself and the SOHO is too small to move in with family.

mr funny.
02-06-08, 18:25
Published May 27, 2008

@ one-north

A place for a meeting of minds

one-north, encompassing Biopolis and Fusionopolis, is Singapore's icon of the knowledge economy, reports CLARISSA TAN


THERE I was, standing in the middle of a gleaming complex of buildings, with blocks bearing names like Chromos, Proteos, Genome and Matrix. I was, of course, at Biopolis, conceived to put Singapore on the global map of the biomedical sciences industry. Biopolis itself is only one part of a vast development called one-north that is emerging around the Buona Vista area.

This 200 ha area is 'Singapore's icon of the knowledge economy', according to the one-north website. It encompasses Biopolis and Fusionopolis, a sprawling area dedicated to the media and information businesses.

In its widest interpretation, one-north includes Rochester Park, Insead business school and one campus of the Nanyang Technological University. Clearly, it is planned to be a kind of 'brain space' and creative nerve for Singapore.

But does the talent really like working here? I approached a man and a woman chatting to each other and posed them that question.

The woman's answer was emphatic. 'Yes, it's convenient. It's got everything - there are restaurants, cafes, shops. There's a shared system among all the corporations here, to take care of all our grocery and other needs.' They declined to give their names but said that they work at the Institute of Bioengineering and Nanotechnology.

And for those who think that the location is somewhat out of the way, there is the view of Edison Liu, executive director of the Genome Institute of Singapore (GIS). one-north is practically 'in the middle of the city', he said, speaking to BT in a phone interview as he was travelling in the US.

'We are only some 20 minutes from all the major hospitals and universities. It's not like some other research centres, where you're stuck in the outskirts of suburbia.'

GIS is the national flagship programme for genomic sciences, and occupies - of course - the Genome block at Biopolis.

'Of course I'm biased, but we are always counted among the top 10 genome centres in the world,' said Prof Liu. 'Within a 25-hundred-mile radius in Asia, there is no centre with better firepower than us.' He said that the institute has made its mark in the areas of stem cell genomics, systems pharmacology (which is research related to cancer) and genomic technology.

Slightly more than half of GIS staff is of foreign origin, said Prof Liu, who himself is from the US but is now a Singapore permanent resident. In that sense, the institute shares the international flavour of other big research institutes.

As I walked along the paved streets of Biopolis, it seemed to me that the place, barring the occasional person in a business suit, has the feel of a large university. There is a big food court for the more budget-minded, but also espresso pit-stops and several restaurants.

These eateries are not only great places to grab a meal, but also to swap ideas and contacts, according to Paul Chapman of GlaxoSmithKline. He is head of GSK's Centre for Research in Cognitive and Neurodegenerative Disorders.

'While it is certainly possible to have this kind of interaction if you are located on a separate campus, there is no substitute for bumping into someone at the food court or the cafe,' he said. 'Those casual interactions, where people get to know each other and then discover their mutual scientific interests, just happen more easily at a place like Biopolis.'

Opportunity for study

Novartis, another global pharmaceuticals corporation, houses its Novartis Institute for Tropical Diseases (NITD) at Chromos.

The institute 'is dedicated to discovering treatments for the diseases of the developing world, including tuberculosis, malaria and dengue fever', said Paul Herrling, NITD's head of corporate research and chairman.

'Biopolis's location in Singapore, a place where dengue is endemic, gives researchers the opportunity to study first-hand the epidemiology of the disease, and enables access to affected patients.'

one-north is not entirely about the medical and biotech sectors. Swissnex Singapore describes itself as a platform of the Swiss Embassy, 'facilitating knowledge and competencies' in science, education, art and innovation between Switzerland, Singapore and South-east Asia.

'Being at Biopolis brings us closer to the stakeholder,' said executive director Suzanne Hraba-Renevey. 'We are more visible and accessible to our users and have easy access to our partners from academia, research, government and business.'

The entire Biopolis project itself is yet to be completed, and consists of several phases. Across the road looms Fusionopolis 1, comprising 24 floors, two towers and 120,000 square metres of floor area.

The building, which represents phase one of the Fusionopolis project, is dedicated to infocomms, or media-related firms that use the latest in technology. It is equipped with satellite access and the necessary power and bandwith for intensive computer use. There are also service apartments, a roof-top swimming pool and a performance theatre.

Fusionopolis 1 has just opened its doors to tenants, and Asian Food Channel was the first to make it its home. When I visited the premises of the cable-and-satellite channel on the 12th floor, there were still boxes to be unpacked and everything was spanking new.

'We think three to five years ahead,' said managing director Hian Goh. 'In 12 months' time, there's going to be an MRT at the bottom of this building. There will be a Cold Storage and shops. There's a sky garden - it's beautiful.'

The new office is bright, airy and full of glass partitions. There is a room at the rear to be turned into a kitchen-cum-studio.

'That's where we'll have people like Gordon Ramsay doing his shows,' said Maria Brown, managing director of acquisitions and programming. 'We'll also be able to invite people over.'

I imagined the celebrity chef, brow furrowing, expletives flying, sticking a knife in a roasted carcass and calling it done.

'Please invite me,' I said.

kaza
07-06-08, 22:15
Nope not at all. I will swop units with anyone who has a 3 bedder and wants to take some cash out. At first I bought for investment but now I'd like to move in myself and the SOHO is too small to move in with family.

How much are you looking at for your studio?

Unregistered........
09-06-08, 09:32
1288psf nett

URA
09-06-08, 12:43
Private Residential Property Transactions with Caveats Lodged

Project Name ........... Price .......... Floor Area . Price ........ Date Of Option
one-north Residences . $1,490,000 . 1,324sqft .. $1,125psf . May 08

Unregistered1
18-08-08, 16:24
Well i guessed now the market has turned sour and there is not much buyers out there who are willing to buy from subsale

Tuery
18-08-08, 16:29
The market is going to get worse from now. Price has fallen. Growth has slowed. US going into recession. Even PM lee is not optimistic. Bumpy ride ahead.And it is going to TOP soon as well. So those who bought earlier shld start selling soon..before it gets down further

agentsale
20-08-08, 07:49
hmm.. some agents whom bt it cheap at launching are trying to sell around 1200psf ! So if u wait a while, am sure you can pick up cheap from firesale !

Unregistered8
20-08-08, 08:57
You sounds like one of those panic flippers to me.
I would not even look at this project for anything above 800psf. You can easily get it at 1000-1050 psf at the momment. DOn't be fooled by asking price and it won't mean that much in a buyer market.


hmm.. some agents whom bt it cheap at launching are trying to sell around 1200psf ! So if u wait a while, am sure you can pick up cheap from firesale !

Favor
20-08-08, 10:41
The market is going to get worse from now. Price has fallen. Growth has slowed. US going into recession. Even PM lee is not optimistic. Bumpy ride ahead.And it is going to TOP soon as well. So those who bought earlier shld start selling soon..before it gets down further


A friend had just emailed me this article as a gentle reminder to be cautious of the times ahead. I share the same sentiment that property prices will fall in the coming months especially for those going to be TOP soon. Not everybody has that strong holding power ;so you may be able to get some good buys down the months instead of rushing into it now. Having said that, sometimes it is not easy to find another unit that has all the qualities that one like within a short span of time . As long as it is not for investment, guess it is still ok to buy now if money is not the main issue !



Recession is here!

Recession is coming ... make your own judgment, don't panic !! Do what is wise.
The recession looks very eminent. It is really time to take pro active steps to avoid a painful time in the next two years which is how long the recession is expected to last.

Suggestions:
1. Don't take any loans, buy homes, properties with loans, or even cash. Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities.
6. Don't invest in new capital.
7. If you are selling homes/ properties/ cars , do it now, when you can get good prices, they are going to fall.
8. Don't invest in new business proposals.
9. Cancel holiday plans using credit cards.
10. Don't change jobs, as companies will retrench based on 'last in first out'.


Stay cool, wait, and if you took all of the above actions and more, you probably will be better off then many.
This is not a rumor. Bear Stearns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole world.
US economy falls, the rest will crumble. India and all those self economies will be the most protected, but not gullible. Europe may be a little stronger, but not China , another giant! Malaysia will see significant impact.



Cheers !

MM
20-08-08, 12:54
If you believe in our founding father, think Spore gonna be all right !
Have faith... This one base price still around 900 psf ..

Mah BT
20-08-08, 16:38
A friend had just emailed me this article as a gentle reminder to be cautious of the times ahead. I share the same sentiment that property prices will fall in the coming months especially for those going to be TOP soon. Not everybody has that strong holding power ;so you may be able to get some good buys down the months instead of rushing into it now. Having said that, sometimes it is not easy to find another unit that has all the qualities that one like within a short span of time . As long as it is not for investment, guess it is still ok to buy now if money is not the main issue !



Recession is here!

Recession is coming ... make your own judgment, don't panic !! Do what is wise.
The recession looks very eminent. It is really time to take pro active steps to avoid a painful time in the next two years which is how long the recession is expected to last.

Suggestions:
1. Don't take any loans, buy homes, properties with loans, or even cash. Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities.
6. Don't invest in new capital.
7. If you are selling homes/ properties/ cars , do it now, when you can get good prices, they are going to fall.
8. Don't invest in new business proposals.
9. Cancel holiday plans using credit cards.
10. Don't change jobs, as companies will retrench based on 'last in first out'.


Stay cool, wait, and if you took all of the above actions and more, you probably will be better off then many.
This is not a rumor. Bear Stearns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole world.
US economy falls, the rest will crumble. India and all those self economies will be the most protected, but not gullible. Europe may be a little stronger, but not China , another giant! Malaysia will see significant impact.



Cheers !

You sound like a little pet dog that is trying to teach the tigers how to survive in a mountain.

Enough being naive for yourself, don't spread it. It makes you sound very foolish, indeed!

Favor
20-08-08, 20:54
You sound like a little pet dog that is trying to teach the tigers how to survive in a mountain.

Enough being naive for yourself, don't spread it. It makes you sound very foolish, indeed!


Thanks for the advice. Btw, what do you think of the property market since you seem to position yourself as very knowledgeable ?

Newbie22
26-08-08, 10:49
I am interested in getting a unit at One North. Preferably small units. Interested seller pls email me at [email protected]

Curious
22-09-08, 09:54
I am interested in getting a unit at One North. Preferably small units. Interested seller pls email me at [email protected]
What is "smaller unit"?

Unreg¡stered
30-09-08, 17:50
What is "smaller unit"?
1- or 2-bedder lah.

Unreg¡stered
02-10-08, 13:49
Private Residential Property Transactions with Caveats Lodged

Project Name ........... Price .......... Floor Area . Price ........ Date Of Option
one-north Residences . $1,490,000 . 1,324sqft .. $1,125psf . May 08
ONR is more for rental than stay?

Supporter
02-10-08, 14:09
ONR is more for rental than stay?
Not true! A lot bought for stay lah.

warren follower
03-10-08, 17:47
If you believe in our founding father, think Spore gonna be all right !
Have faith... This one base price still around 900 psf ..
This is the bottom liao lah for the economic malaise.

When big fish such as Warren Buffett starts whacking companies and assets left and right, you know that bottom already here or close to it liao. Most likely we are in the middle of the bottom and the turnaround is round the corner maybe in the next 1 or 2 years.

What that means for Singapore property is something else. Surely there is no way people can sell $5000 psf properties anymore, but for those mid priced CCR condos like $1200 psf to $2000 psf, there is fair value in them, for the very reason that many of these mid priced ones are located just down the road (or very near) those $4000/$5000 psf properties which are going to be experiencing a 20% drop in price.

If you can buy a condo at half the price of a high end one, and yet live on the same street as that high end one, why not?

Think!n Think value!

For me, I feel mid priced condos have been quite resistant in their prices and haven't dropped very much. Perhaps 2009 or 2010 will be a good time to buy those mid priced condos in CCR. But I won't touch the high end CCR ones like Nassim or the Marq or Hilltops... those are reserved for the super rich.

Unregistered12345
03-10-08, 17:48
This is the bottom liao lah for the economic malaise.

When big fish such as Warren Buffett starts whacking companies and assets left and right, you know that bottom already here or close to it liao. Most likely we are in the middle of the bottom and the turnaround is round the corner maybe in the next 1 or 2 years.

What that means for Singapore property is something else. Surely there is no way people can sell $5000 psf properties anymore, but for those mid priced CCR condos like $1200 psf to $2000 psf, there is fair value in them, for the very reason that many of these mid priced ones are located just down the road (or very near) those $4000/$5000 psf properties which are going to be experiencing a 20% drop in price.

If you can buy a condo at half the price of a high end one, and yet live on the same street as that high end one, why not?

Think!n Think value!

For me, I feel mid priced condos have been quite resistant in their prices and haven't dropped very much. Perhaps 2009 or 2010 will be a good time to buy those mid priced condos in CCR. But I won't touch the high end CCR ones like Nassim or the Marq or Hilltops... those are reserved for the super rich.
I think we are near bottom. The question is whether the recovery is U or V shape. Also, some much money has been taken out of equities and funds... it's a matter of time before they need to be parked somewhere.

In a market like singapore, where the government is very very proactive in managing demand, esp powerful hands in controlling HDB supply/price and LTA land sales, property prices might soften, but will not crash...

Get your checkbook ready, be alert for good bargains, seek around for good value... for the next few quarters' the time for investment... Once we are on track for recovery, the developers will start launching, driving up hype and sentiments., the surge will be on again.

BTW. The current price might drop 5-10%. But this will be the new price floor. The price of concrete, steel, manpower.... is increasing... recession or not. Tata is building hundred thousands of nano car for eager indians... and China with dampened growth has yet to fill basic infrastructure needs...

About equity. Timing/catching the market is important, despite all those anal-ysts telling you otherwise. All those bozo analyst are professionals, professionally earning your fees and tcss you. During the 2002-2003 downturn, I invested and when I divested 1 year ago, I earned 80% gain ~20% return a year. example DBS at $12, sold at >$20, SIA $10, sold at $18... so minimum attention and good returns....

I am ready to jump...anyone with me... hopefully to greater wealth :-P
May the force be with us.

Pink4
19-10-08, 22:41
12-storey is high plot ratio?

one-north is industrial park? You wanna mock Philip Yeo or EDB? He don't read this forum. Write to him or EDB directly.

A blurr **** (or pink ****) amongst the smart forumers?

Now that a lot of trees have been cleared, a road has been built. Can you see the Ayer Rajah Industrial Estate? Can walk. Isn't it in the middle of an industrial town? Even if they tear down all the old JTC walk up factories and rebuild, it is still an industrial town. Who is blur now?

Pink4Fùck
20-10-08, 11:25
Now that a lot of trees have been cleared, a road has been built. Can you see the Ayer Rajah Industrial Estate? Can walk. Isn't it in the middle of an industrial town? Even if they tear down all the old JTC walk up factories and rebuild, it is still an industrial town. Who is blur now?
Pink cùnt, you can also say your house sits on a cemetry. No worry! You can say anything. When will you say something about EDB or P. Yeo? Do it soon please!

Unregggg
20-10-08, 11:48
http://www.tnp.sg/news/story/0,4136,180640,00.html?


FIRE SALE: OWNERS DUMP CONDOS
Agents: Some clients give as much as 20 per cent discount
By Elysa Chen

October 20, 2008

FOR sale: Luxurious multi-million-dollar apartments, not quite for a steal, but with a hefty discount.

Stock market losses have forced some property owners to resort to 'fire sales' for a quick return to liquidity.

And because the property market is almost flat, they have had to let go of their property at huge discounts.

Property agent Henry Neo receives one SMS a day from different clients asking him to sell their homes.

Mr Neo, who has been a property agent for close to 20 years, said: 'The Asian financial crisis of 1997 and this crisis are real challenges.

'It's a tsunami of the stock market.'

Two or three of the 50 clients he is servicing now are what he calls 'desperados' - people who had their fingers burnt so badly in the stock market they need to sell their houses.

The situation is worse for those who opted for deferred payment schemes, said Mr Neo, because some are no longer eligible for loans, and cannot meet payments once the developers issue the Temporary Occupation Permit (TOP).

'They have to get rid of their properties before TOP, so they would be giving even more discounts.'

Noting that the high-end property market seems to be hit the hardest, Mr Neo said: 'My colleagues who specialise in high-end properties are not doing well. They do not have any transactions at all.'

Mr David Cheang, senior vice-president of the Resale Division at HSR Property Group, noted that two out of every 10 clients are affected by the stock market crash, and are selling their property investments to 'get more liquidity'.

A property agent who declined to give his full name said one of his clients had made such losses on the stock market that he was selling his 27th floor freehold apartment at the Twin Regency for a mere $1.05 million, though its market price is $1.3 million.

Last year, he had sold another unit, on the 29th floor of the same condominium, for $1.4 million.

It is the same story for Mr Felix Young, 35, a property agent specialising in high-end condominiums. Some of his clients are prepared to go as low as 20 per cent below their offer price.

He had taken out an advertisement for five properties, all high-end condominium units in the city.

Apartments at The Sail at Marina Bay, which were going for $2,000 psf are now being offered for sale at $1,450 psf, said Mr Young.

But even such a huge discount is failing to entice buyers, who are asking for $1,100 psf. That is because even with such discounts, the two-room apartment costs about $1.3 million.

In the current climate, not many people would be able to shell out that kind of money because they could be sitting on huge paper losses in the stock market.

Mr Young said: 'Buyers have the sentiment that the property market will cool even more, and prices will drop further.'

And because of this, said Mr Young, there has been a significant drop in transactions - up to 70 per cent for high-end properties that people buy for investments.

Most buyers also know developers' launch price for the condominiums and are holding out until they can get a unit at that price.

He said: 'These days, when buyers call me, they ask me if I have any owners who are 'bleeding'.'

Bleeding is a term that is used to describe owners who over-committed themselves financially and need to sell their properties in a hurry.

Mr Young said: 'Many of my clients' bank loans are kicking in soon, so they need to release the properties quickly, before TOP.

'They are stuck because they can neither sell their property, nor rent it out to cover their mortgages, as the rental market has slowed down a lot.'

Fúck You
20-10-08, 11:54
http://www.tnp.sg/news/story/0,4136,180640,00.html?

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

'They are stuck because they can neither sell their property, nor rent it out to cover their mortgages, as the rental market has slowed down a lot.'[/b]
Asshole, be considerate!
Don't post same message everywhere!

Reg¡stered
20-10-08, 11:55
ONR is more for rental than stay?
A lot bought for own stay.

Condo hunter
20-10-08, 11:56
Wow!!! the dumping has begun.

Unreg¡stered
20-10-08, 11:58
Wow!!! the dumping has begun.
Got people dumping ONR meh? Bought for staying. Dump already sleep on the street?

Condo hunter
20-10-08, 12:00
Glad I will get a 30% discount.

Reg¡stered
20-10-08, 12:01
Glad I will get a 30% discount.
You got 30% discount on ONR? From where? Nobody is selling at 30% discount? From the sky?

Yes its coming
20-10-08, 12:07
You got 30% discount on ONR? From where? Nobody is selling at 30% discount? From the sky?
Wait and watch brother. It is coming. Firesales left right and centre.

Reg¡stered
20-10-08, 12:10
Wait and watch brother. It is coming. Firesales left right and centre.
You are bullshiting.
Fire sales are from the few speculators in the expensive CCR.
You mean speculators are interested in a cheap project like ONR, where people buy to stay.
Nobody is dumping ONR.
You are talking cock.

ONR
20-10-08, 12:15
You are bullshiting.
Fire sales are from the few speculators in the expensive CCR.
You mean speculators are interested in a cheap project like ONR, where people buy to stay.
Nobody is dumping ONR.
You are talking cock.

Nobody buy ONR for stay, all for rent or speculation only.
Prepare to die.

What?
20-10-08, 12:17
Nobody buy ONR for stay, all for rent or speculation only.
Prepare to die.
Rent? Rent to who?
Speculate? Speculate what? Near IR? Near F1? Don't have OR or F1 what.

You are the one speculating.

Finished
20-10-08, 12:21
Rent? Rent to who?
Speculate? Speculate what? Near IR? Near F1? Don't have OR or F1 what.

You are the one speculating.
Everyone knows price tumbling down at a furious pace. Market sentiment too bad. People sitting on huge paper losses in stock market. have to dump condo and run.

Reg¡stered
20-10-08, 12:26
Everyone knows price tumbling down at a furious pace. Market sentiment too bad. People sitting on huge paper losses in stock market. have to dump condo and run.
Price tumbling at furious pace?
URA overall Q3 price down by only 1.8%. OCR is still up!

So everyone must dump HDB flats and condos? Are you dumping?

Getting very obvious now that you are making wild claims.

Unregisterrrr
20-10-08, 12:55
Price tumbling at furious pace?
URA overall Q3 price down by only 1.8%. OCR is still up!

So everyone must dump HDB flats and condos? Are you dumping?

Getting very obvious now that you are making wild claims.

Yes even then can't find buyers. TOP approaching and soon many have no choice but to dump. Accept that the market is finished brother.

Unreg¡stered
20-10-08, 13:21
Yes even then can't find buyers. TOP approaching and soon many have no choice but to dump. Accept that the market is finished brother.
Find buyer? For what?
Sell the house then they have no place to stay.

Market finished? I don't think so.
Why? You still can talk cock here. If it is finished, you would have been finished too.

Cannot tahan
20-10-08, 13:25
Find buyer? For what?
Sell the house then they have no place to stay.

Market finished? I don't think so.
Why? You still can talk cock here. If it is finished, you would have been finished too.
Haha whole world knows recession has arrived. You have put your head in the sand or what?

Unreg¡stered
20-10-08, 13:29
Haha whole world knows recession has arrived. You have put your head in the sand or what?
If there is recession, then why are you still so happy?

It is like you telling us tomorrow is the end of the world but you acting tomorrow is a better day.

The logics doesn't match.

Try harder!

Reg¡stered
20-10-08, 13:29
Haha whole world knows recession has arrived. You have put your head in the sand or what?
Hello!
Technical recession is not recession.

how to tahan
20-10-08, 13:38
If there is recession, then why are you still so happy?

It is like you telling us tomorrow is the end of the world but you acting tomorrow is a better day.

The logics doesn't match.

Try harder!
You are really stupid! Your value is dropping while mine is not. That's why I am so happy to see your sour face. Ha ha! Loser!

Geÿlang 0KT
20-10-08, 14:13
hi forumers, ignore the few to-and-fro nonsensical posts above from me. i still can't get over the Novena dumbass that bonked my mother FOC. Please give me my medicine......:banghead:

Fedup!
20-10-08, 14:15
hi forumers, ignore the few to-and-fro nonsensical posts above from me. i still can't get over the Novena dumbass that bonked my mother FOC. Please give me my medicine......:banghead:
for heaven sake, get lost !!

Prof Lilian Ng (NBS, NTU)
21-10-08, 15:27
You are really stupid! Your value is dropping while mine is not. That's why I am so happy to see your sour face. Ha ha! Loser!
Are we near the kind of economic difficulty faced during the Great Depression? The US economy today is much stronger than it was in 1929 and the fundamentals are still pretty strong regardless of the crisis we're in.

If you look at the numbers, they are so dramatically different. GDP growth in the US is about 1% and I'm sure it will fall but it is nothing like the -27% during the Great Depression. Unemployment is about 6.1%, but during the Great Depression it was 25%.

Today's world is very different from the Great Depression period - there is greater linkage between fiscal policies and the economy than before and all policymakers are working together. So we are not even close to the level of difficulties faced then.

Reg¡stered
21-10-08, 15:28
for heaven sake, get lost !!
Ha ha! He will be back!

Unreg¡stered
23-10-08, 15:13
Are we near the kind of economic difficulty faced during the Great Depression? The US economy today is much stronger than it was in 1929 and the fundamentals are still pretty strong regardless of the crisis we're in.

If you look at the numbers, they are so dramatically different. GDP growth in the US is about 1% and I'm sure it will fall but it is nothing like the -27% during the Great Depression. Unemployment is about 6.1%, but during the Great Depression it was 25%.

Today's world is very different from the Great Depression period - there is greater linkage between fiscal policies and the economy than before and all policymakers are working together. So we are not even close to the level of difficulties faced then.
Yah!
Don't be too happy!
Everyone is a loser here.
Only IRAS is the big winner who is smiling now!


http://sphreg.asiaone.com/RegAuth2/images/mainST(b).gif
Property sub-sales net $95m profits
Third-quarter showing still strong but market will soften soon: Experts
Fiona Chan
Property Reporter
Wednesday, 22 October 2008

http://www.thesailmarinabay.com/sail.jpg

Private home prices may have slid in the third quarter but the sub-sale market was still going strong.

Ninety-six per cent of owners who resold an uncompleted home between July and last month pocketed profits from the deals, according to new data by property consultancy Savills Singapore.

These transactions, officially known as sub-sales, occur when you buy a home and resell it before it is built. They are used as a proxy for property speculation because the owner resells the home without ever living in it.

Only 12 sub-sale transactions out of the 306 that Savills analysed in the quarter incurred a loss, amounting to just under $1 million of red ink. The rest made a total of $95.1 million in gains, Savills said.

This continues the trend in the first half of the year, when 97% of such deals turned in profits. But the profits seen in the third quarter were considerably narrower as home prices started softening more quickly.

Profitable sub-sellers made an average of $323,420 in the third quarter, but this was skewed upwards by a single large deal: a whopping $6.7 million profit from the sale of a 63rd-storey penthouse at The Sail @ Marina Bay.

Excluding this sale, the average gain was $301,784 - almost 40% lower than the average gain in the first half of the year. It works out to an average profit for each seller of about 30% over the purchase price.

Still, 'to be able to achieve such gains in a year when the property market has gone into a standstill is highly commendable', said Mr Ku Swee Yong, director of business development and marketing at Savills Singapore.

But in case would-be speculators become tempted by these gains, other consultants noted that the bulk of these deals probably occurred before the Sept 14 collapse of United States investment bank Lehman Brothers, which caused the financial crisis to take a sudden turn for the worse.

'The real estate market typically lags behind the stock market by six months or more, so we will probably start to see the real effect early next year,' said Mr Nicholas Mak, director of research and consultancy at Knight Frank.

'These profitable sub-sale transactions took place before the market hit the skids. It is extremely risky to go and speculate in the market right now.'

Most sellers who made a profit in the third quarter had originally bought their units in the last two years and benefited from the sharp run-up in prices in the period, said Mr Ku. While values have weakened somewhat this year, they are still generally higher than in 2006.

Sellers who held on to their units for a longer time before reselling them in the third quarter made more gains, Savills' data showed. Even those who had bought a unit as late as this year and offloaded it in the third quarter made an average gain of $98,600.

If they had sold the unit in the first half of the year, however, they would probably have doubled their gain.

The biggest profits of more than $1 million each were for units at The Sail @ Marina Bay, St Regis Residences and Cairnhill Residences.

On the flip side, sub-sale losses for the quarter averaged $76,820 for each loss-making deal. A unit at Watermark Robertson Quay chalked up the biggest loss of $207,552, while units at Soleil @ Sinaran, 8 @ Mt Sophia and One Amber were also sold at losses of more than $100,000 each.

All the losses were for units that had been bought last year or this year, according to Savills' data. Sub-sellers who had bought their units at the peak of property fever, between June and September last year, bled the most.

'In any case, there are always desperate sale cases even during good times,' Mr Ku noted.

The Sail @ Marina Bay had the largest number of sub-sales in the quarter - 19 - with each deal netting its seller an average profit of $1.1 million. There was one loss, of $62,890, for a second-floor unit.

Other projects with more than 10 sub-sales included Parc Emily in Dhoby Ghaut, Park Infinia at Wee Nam, Riveredge in Tanjong Rhu and The Esta in Marine Parade.

But the profits were not just confined to developments in the prime districts.

At Casa Merah in Tanah Merah, 10 sub-sales yielded an average profit of $100,351, while Atrium Residences in Geylang saw four sub-sales with an average gain of $54,556.

Unregistered123
24-10-08, 20:44
Waiting for One-North to hit $500...!

Unreg¡stered
24-10-08, 23:21
Waiting for One-North to hit $500...!
Aiyah! Go queue up and buy a HDB flat at $500psf lah. More practical!

conservative
07-11-08, 15:04
$500psf for One North not possible lah.....$700 - $750psf looks on track.

Unreg¡stered
07-11-08, 15:29
$500psf for One North not possible lah.....$700 - $750psf looks on track.
Wah!
A project in the midst of one-north and next to one-north MRT station selling at the same price as a lousy project in Pasir Ris?
If this is true, no need to wait.
I "on" liao lah!


Private Residential Units Sold in the Month of September 2008

Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Livia ................. OCR ....... 9 ............................... 702 ................ 677 ............... 646

Haha
07-11-08, 16:20
Wah!
A project in the midst of one-north and next to one-north MRT station selling at the same price as a lousy project in Pasir Ris?
If this is true, no need to wait.
I "on" liao lah!
dun talk big la !!
before u can do anything, i would have grabbed already !!
siow !!
one-north MRT project sells at 75% of D19 99leasehold project price, still wait for you ??


Private Residential Units Sold in the Month of September 2008

Project Name ..... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Kovan Residences . OCR ....... 4 ............................... 964 ................ 940 ............... 860

Wow!
KR has just broken August record high of $954psf with this new record high of $964psf.
Bravo!

Unreg¡stered
11-11-08, 13:06
dun talk big la !!
before u can do anything, i would have grabbed already !!
siow !!
one-north MRT project sells at 75% of D19 99leasehold project price, still wait for you ??
Exactly! Some cocks just like to talk cock!

Conservative
12-11-08, 23:29
Looks like the property prices will hold for a while due to interest rate cuts

Farnie
13-11-08, 10:40
Wah!
A project in the midst of one-north and next to one-north MRT station selling at the same price as a lousy project in Pasir Ris?
If this is true, no need to wait.
I "on" liao lah!

So simple also dunno, coz the lousy proj at PR that were sold for $650 psf were over-priced. A more reasonable px would be $400 psf for such projects. Thus $700-750 psf for One-North is possible.

Unreg¡stered
13-11-08, 12:08
So simple also dunno, coz the lousy proj at PR that were sold for $650 psf were over-priced. A more reasonable px would be $400 psf for such projects. Thus $700-750 psf for One-North is possible.
Private condo sell at HDB's $400psf?

What happened to your peanut brain?
Stopped working?

Why not say private condo sell below HDB price?

Use your brain lah, idiot!
Talk cock here!

What?
13-11-08, 12:15
Private condo sell at HDB's $400psf?

What happened to your peanut brain?
Stopped working?

Why not say private condo sell below HDB price?

Use your brain lah, idiot!
Talk cock here!
$400 psf ??
sure or not ??
that is hdb price you know ??

so many queuing for hdb flats now
if condo same price as hdb they would have bought condo .
don't joke lah !!


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

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

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


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

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

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

Sales will close on November 15 and Qingjian expects demand for the new flats to be robust. Natura Loft is the Housing and Development Board's fourth condo-style public housing project.

Similarly, interest for public resale flats has not slowed. Property agents said the number of viewings for resale units jumped by 15 per cent in the last six weeks.

Eric Cheng, executive director, HSR Property Consultants, said: "I did an interview with one of the consumers, they were sharing with me that 'In today's market, I don't know how long my job will last, so to safeguard, I would rather go for subsidised (a) house, that is HDB, because how low could HDB go, HDB houses always will have a valuation to support the base value of the units'."

Market watchers expect prices of resale flats to grow by about 4 per cent in the fourth quarter, slightly slower than the third quarter - which saw a 4.2 per cent growth.

ERA real estate agency projects price growth in the HDB resale flats segment to be at between 15 and 17 per cent for the whole of 2008. And it also said it is going to be a buyer's market for now, due to the challenging economic conditions.

Eugene Lim, associate director, ERA Asia Pacific, said: "Most of the buyers will start their negotiations at below valuation... by and large, most of the deals are pretty realistic nowadays, and cash over valuation very rarely will be more than S$40,000 to S$50,000. ... the days of S$100,000 or S$120,000 cash over valuation... are over."

Market players said the outlook for Singapore's property sector may be hazy in the short term, but the prospects still look bright beyond 2010. They said that is because Singapore has plans in place that will help to create jobs and boost the economy. - CNA/ms

Wah!
Only 480 units but 500 has already booked since last weekends.

HDB DBSS flats so hot meh?

Unreg¡stered
13-11-08, 12:53
$400 psf ??
sure or not ??
that is hdb price you know ??

so many queuing for hdb flats now
if condo same price as hdb they would have bought condo .
don't joke lah !!
Relax! Just joking with you lah!

Anyway, all eyes are on the next Jurong condo selling at $1,000psf.


To all condo owners in Jurong West,


Congrats to all of us. The $1000 psf price has come to town!


Saw this advert on the new development at Lakeside by Frasers Centrepoint.

http://www.propertyguru.com.sg/listi...de-new-project

Haha
13-11-08, 13:03
Relax! Just joking with you lah!

Anyway, all eyes are on the next Jurong condo selling at $1,000psf.

http://www.propertyguru.com.sg/listing/254296/for-sale-lakeside-new-project
Wow!
one-north MRT project selling at half the price of Jurong $1,000psf!
I want, I want!

Haha
13-11-08, 13:03
Relax! Just joking with you lah!

Anyway, all eyes are on the next Jurong condo selling at $1,000psf.

http://www.propertyguru.com.sg/listing/254296/for-sale-lakeside-new-project
Wow!
one-north MRT project selling at half the price of Jurong $1,000psf!
I want, I want!

Farnie
13-11-08, 13:25
Private condo sell at HDB's $400psf?

What happened to your peanut brain?
Stopped working?

Why not say private condo sell below HDB price?

Use your brain lah, idiot!
Talk cock here!

Getting nervous with hot potato or no property deals to close, now too free so go around scold people :)

Of coz the price of HDB will also drop lah. Guess u were too young to remember that people used to think with new EC px below Pte Condos back in the 90s, no way can Pte Condo px drop below EC. But it did happened and most EC owners still can't recover the capital plus interests costs if you were to buy at Peak.

The issue here is current asking px is still high but soon it will drop. I just viewed a 3 bedder unit at Park Infinia going for $1180 psf. Tell me, at this px, why would I want to buy all those West Coast (The Parc for eg) and One North Properties at above $1k psf? Another 2 bedder unit at Lincoln Modern going for $1,100 psf. There are just so many people trying to cash out AND at reduced asking price.

I'm rubbing my hands now, lets see who has the last laugh :spliff2:

RTT
13-11-08, 14:00
Getting nervous with hot potato or no property deals to close, now too free so go around scold people :)

Of coz the price of HDB will also drop lah. Guess u were too young to remember that people used to think with new EC px below Pte Condos back in the 90s, no way can Pte Condo px drop below EC. But it did happened and most EC owners still can't recover the capital plus interests costs if you were to buy at Peak.

The issue here is current asking px is still high but soon it will drop. I just viewed a 3 bedder unit at Park Infinia going for $1180 psf. Tell me, at this px, why would I want to buy all those West Coast (The Parc for eg) and One North Properties at above $1k psf? Another 2 bedder unit at Lincoln Modern going for $1,100 psf. There are just so many people trying to cash out AND at reduced asking price.

I'm rubbing my hands now, lets see who has the last laugh :spliff2:
So trying to tell the world you are very rich ah? By the time you have made enough to buy, we would have bought a few. People who can buy don't tell others they are buying. The one who uses his mouth never buy. Nowaday, people are getting more and more boastful. Sign!

Unreg¡stered
13-11-08, 14:03
Getting nervous with hot potato or no property deals to close, now too free so go around scold people :)

Of coz the price of HDB will also drop lah. Guess u were too young to remember that people used to think with new EC px below Pte Condos back in the 90s, no way can Pte Condo px drop below EC. But it did happened and most EC owners still can't recover the capital plus interests costs if you were to buy at Peak.

The issue here is current asking px is still high but soon it will drop. I just viewed a 3 bedder unit at Park Infinia going for $1180 psf. Tell me, at this px, why would I want to buy all those West Coast (The Parc for eg) and One North Properties at above $1k psf? Another 2 bedder unit at Lincoln Modern going for $1,100 psf. There are just so many people trying to cash out AND at reduced asking price.

I'm rubbing my hands now, lets see who has the last laugh :spliff2:
Can lower HDB selling price?
Wah! You seems powerful leh!
Which department in HDB are you from?


http://www.channelnewsasia.com/stories/singaporelocalnews/view/388725/1/.html

MM Lee believes property values will continue to rise in long term

By Pearl Forss, Channel NewsAsia | Posted: 09 November 2008 2341 hrs


SINGAPORE: VIPs including Minister Mentor Lee Kuan Yew had the chance to tour The Pinnacle@Duxton on Sunday, and they were impressed by what they saw.

All seven blocks at The Pinnacle are linked by sky-bridges.

On the top-most 50th storey is a sky garden with breathtaking views of the cityscape. HDB names it "The Contemplative Zone".

On the 26th storey, there is an 800-metre long jogging track as well as fitness centres.

The Pinnacle has the highest HDB blocks in Singapore. Prices are similarly high for late buyers.

When it went on sale in 2004, 4-room flats cost $288,400 to $392,100 and 5-roomers cost $343,100 to $451,100.

428 units were offered for sale in September 2008, and this time 4-room flats cost $450,000 to $550,000 while 5-room flats cost $550,000 to over $600,000.

The Pinnacle has 1,848 units in total.

HDB says the flats still cost less than what nearby flats are fetching on the resale market.

5-room flats in the vicinity cost $593,000 to $670,000.

Minister Mentor Lee said property values are bound to go up in the long run because the government is continuously building more infrastructure and attracting higher-value investments that provide higher wages to employees.

- CNA/ir

IBD
13-11-08, 14:07
Can lower HDB selling price?
Wah! You seems powerful leh!
Which department in HDB are you from?
He is the CEO of HDB. Don't play play with him!
When he feels like sabotaging the economy and 80% of the population, he will lower the HDB flat price.

Farnie
14-11-08, 16:17
So trying to tell the world you are very rich ah? By the time you have made enough to buy, we would have bought a few. People who can buy don't tell others they are buying. The one who uses his mouth never buy. Nowaday, people are getting more and more boastful. Sign!

Honestly, I'm not trying to tell the world I'm rich. I'm just speaking facts and I seriously think the asking px of many people are still very high. Well, just becoz you have bought at $900 or above $1k psf in D5, doesn't mean that you have to sell above the purchase px.

Just becoz developer tried to sell Pasir Ris at $650 psf AND haven't finish selling the remaining units or revised the px, doesn't mean that D5 px can't drop.

There is really nothing to <sign> about and I also dun think I'm boasting at all. All I know is developer is starting to slash px already. If Leonie Hill (Luma) can drop to $1,450, tell me why should I pay $1200-1500 for Newton. Soon Newton, Novena and River Valley will tread down to $1k or below. Then you tell me, how can D5 be asking $1k psf? Which explains my $700 psf px estimation for D5. And if D5 is going for $700 psf, I can only imagine Woodlands, Pasir Ris properties px to be below $500 psf.

If you're one of those stuck with a hot potato, it would be nice of you to recognise you were greedy before instead of getting angry with others who try to warn others or you that px can still go down.

If you're an agent, you should even encourage your sellers and developers that px should be revised down. Otherwise, you will not be able to close any deals as buyers are in no hurry to part with their cash.

And if you're a developer who has bought enbloc sites at 06-07 high px, then you better start informing your CFO to make provision for asset write-downs quickly. Bite the bitter pill now while all news are bad anyway, investors will understand.

Teana
14-11-08, 17:01
Honestly, I'm not trying to tell the world I'm rich. I'm just speaking facts and I seriously think the asking px of many people are still very high. Well, just becoz you have bought at $900 or above $1k psf in D5, doesn't mean that you have to sell above the purchase px.

Just becoz developer tried to sell Pasir Ris at $650 psf AND haven't finish selling the remaining units or revised the px, doesn't mean that D5 px can't drop.

There is really nothing to <sign> about and I also dun think I'm boasting at all. All I know is developer is starting to slash px already. If Leonie Hill (Luma) can drop to $1,450, tell me why should I pay $1200-1500 for Newton. Soon Newton, Novena and River Valley will tread down to $1k or below. Then you tell me, how can D5 be asking $1k psf? Which explains my $700 psf px estimation for D5. And if D5 is going for $700 psf, I can only imagine Woodlands, Pasir Ris properties px to be below $500 psf.

If you're one of those stuck with a hot potato, it would be nice of you to recognise you were greedy before instead of getting angry with others who try to warn others or you that px can still go down.

If you're an agent, you should even encourage your sellers and developers that px should be revised down. Otherwise, you will not be able to close any deals as buyers are in no hurry to part with their cash.

And if you're a developer who has bought enbloc sites at 06-07 high px, then you better start informing your CFO to make provision for asset write-downs quickly. Bite the bitter pill now while all news are bad anyway, investors will understand.
Public housing prices will not drop due to economic reasons. I am sure you know the reasons behind since you sound like one that can make a good government with good policy.

I don't believe condo prices can fall below public housing prices.

Will condo price fall? Yes.
Will public flat price fall? No.
Will condo price go below public flat price? No.

I am interested in the policy you would implement if you are the government.

Farnie
15-11-08, 07:34
Public housing prices will not drop due to economic reasons. I am sure you know the reasons behind since you sound like one that can make a good government with good policy.

I don't believe condo prices can fall below public housing prices.

Will condo price fall? Yes.
Will public flat price fall? No.
Will condo price go below public flat price? No.

I am interested in the policy you would implement if you are the government.

You really don't have to patronise me with the 1st para. But anyway, coming back to your 2 statements:-

1) Will public flat price fall? No.
2) Will condo price go below public flat price? No.

There is actually still a significant price gap in the plain vanillia public flats and mass condos px. Take executive flats in Pasis Ris as an eg. They are currently transacting at average $330 psf while Livia is asking $650 psf. Same for Woodlands. The Exec flats there are around $300 psf and Rose Suites are going for $600 psf.

While some people will point to the high asking px of DBSS flats like Natura Loft as support level, we all know these are just initial asking px set by the developer and not HDB. So give it some time, when there are no takers, px can only go down. And some people will argue that land px is X + the high construction costs will by Y so eventually property px will be a high Z. But we now know construction costs WILL go down. Even CDL is betting it will go down and thus deferring South Beach. As for land px bought from govt and enbloc people? Well, there is no guarantee clause in these contracts that provides for a min value. So if the developers cannot sell the properties, they will have to write down the land-values. This writing down of land banks happens all the time. It happened in 98, 2000, and 2003 to big and small developers.

The truth of the matter is plenty of people will lose their jobs and some of these stays in condos. They will have no choice but to downgrade to HDBs, either by selling their condo (if they have been keeping 2 properties) or just simply downgrade. While this may seem to point to increase demand for HDB flats, but the real situation is not so simple because some of the retrenched also stay in HDB and if they stay in 5rm or Exec flats, they can downgrade to 3-4rm or move further from town.

In addition, there will also be less demand from PR coming to Sg due to the global recession that is hitting us now and in the mid-term. Mind you, the real recession has not hit us actually. Its now mainly concentrated among the financial sectors. Once it hits main street, we will see the real recession when not just banks, but bricks and mortar companies also announce retrenchments.

At the end of the day, there is still room for condo px to go down closer to public px. It has happened before to EC flats px back in the late 90s-2000. And it will happen to DBSS flats.

Reporter
18-11-08, 23:28
Public housing prices will not drop due to economic reasons. I am sure you know the reasons behind since you sound like one that can make a good government with good policy.

I don't believe condo prices can fall below public housing prices.

Will condo price fall? Yes.
Will public flat price fall? No.
Will condo price go below public flat price? No.

I am interested in the policy you would implement if you are the government.
Government has learnt a lesson on HDB prices from last crisis.


http://www.straitstimes.com/Money/Story/STIStory_303557.html

November 18, 2008 Tuesday

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

There were a few quirks in the figures. For instance, a mass market condo, Lakeshore in Jurong West, sold for a relatively high $1,038 psf, said Savills Singapore's director of marketing and business development, Mr Ku Swee Yong.

Two posh 99-year leasehold bungalows at Sandy Island at Sentosa Cove were sold for a high $2,033 psf and a possible record price of $2,169 psf, or above $13 million each.

CBRE Research executive director Li Hiaw Ho said such deals last month seemed to show prices have remained fairly stable in the past two months.

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

moonk123
19-11-08, 10:36
hi,
u can see the construction progress through this website.It is 720 degree virtual tour.

http://www.virtualhomes.sg/one-northresidences

Reporter
20-11-08, 17:41
Public housing prices will not drop due to economic reasons. I am sure you know the reasons behind since you sound like one that can make a good government with good policy.

I don't believe condo prices can fall below public housing prices.

Will condo price fall? Yes.
Will public flat price fall? No.
Will condo price go below public flat price? No.

I am interested in the policy you would implement if you are the government.
No way condo can go below HDB flat.


Private Residential Units Sold in the Month of October 2008

Project Name ................ Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Park infinia at Wee Nam .. CCR ........ 1 ............................... 1,640 ............. 1,640 ............ 1,640

chipng74
01-12-08, 14:20
Anyone have any idea when the expected TOP of OneNorth will be? Little concerned about getting financing for the property especially after reading today's article in Straits Times which mentions that Banks may not loan the amount you wish to take for the property due to them revising down property prices in the current market condition.

ERNIE
01-12-08, 21:32
got reliable sources its later part of Q2 2009.

Conservative
03-12-08, 08:51
Last friday there was a 2 bedroom apartment (980 square feet) going at $780psf. TOP date according to the agent was 4Q 2009. Bank loan is approved up to 70% only nowadays.

chipng74
03-12-08, 09:02
Yah, i'm a little concerned about the way prices are dropping. Guess that's one of the risks of property investing.

With regards to the bank loan, it's not just the quantum they are willing to loan. It's also their valuation of the property. If the value of the property is still the same as it was when it was launched, then 70% will not pose a problem since most buyers prob opted for the 30% deferred payment and the rest on TOP. However, if the valuation of the property drops (and it's most likely to have dropped) then those who have paid 30% already will need to top up some more cash since the banks won't be loaning the full amount of the 70% balance...


Last friday there was a 2 bedroom apartment (980 square feet) going at $780psf. TOP date according to the agent was 4Q 2009. Bank loan is approved up to 70% only nowadays.

Conservative
06-12-08, 14:59
Couldn't agree with you more. Banks are known to request owners to top up whenever the valuation of the property drops. Thus if we are not able to fulfill 50% of the property value at any time, it's best not to invest at all.

jyapch
13-12-08, 22:06
I am looking for 1BR or studio for investment.

Whether you are a owner or agent. You can PM me on the details eg. asking price, stake # and your contact details.

new2mondrian
10-02-09, 18:05
I am looking for 1BR or studio for investment.

Whether you are a owner or agent. You can PM me on the details eg. asking price, stake # and your contact details.

Look at today's Straits Times Classifieds.

Someone willing to sell a 1016sqft loft for $700k. I called up, owner is willing to release at $630K NETT.

So what is that? Less than $630psf!!!!

TOP is coming soon. A lot of pain is going around...

code01
10-02-09, 18:13
Look at today's Straits Times Classifieds.

Someone willing to sell a 1016sqft loft for $700k. I called up, owner is willing to release at $630K NETT.

So what is that? Less than $630psf!!!!

TOP is coming soon. A lot of pain is going around...

ya man... it seems like there is going to be alot of blood soon.. good luck to all :rolleyes:

new2mondrian
10-02-09, 18:15
yup... and that unit is on level 8, overlooking greenery. can just imagine what happens to the rest should this unit be sold and caveat lodged. valuations will be falling for sure.

cher
10-02-09, 19:18
Look at today's Straits Times Classifieds.

Someone willing to sell a 1016sqft loft for $700k. I called up, owner is willing to release at $630K NETT.

So what is that? Less than $630psf!!!!

TOP is coming soon. A lot of pain is going around...

If it is true, than what are you waiting for??? If it is too good to be true you better think twice.

dtrax
10-02-09, 19:42
If it is true, than what are you waiting for??? If it is too good to be true you better think twice.

I called up, owner is willing to release at $630K NETT.
- agent says owner will consider

Gd deal or not its really up to you.. i believe prices will still fall further. Probably a gd deal for small family who works near there. Would rather wait a few more months for better deals since its a 1000+sq ft duplex studio, If prices drop further it would be a better investment to top up a few hundred k for a 2rm at prime districts. Plus if some lucky guy really bot it, we can potentially look at 2bedders @ ONR with such psf after setting a new record low benchmark :)

new2mondrian
10-02-09, 20:04
I called up, owner is willing to release at $630K NETT.
- agent says owner will consider

Gd deal or not its really up to you.. i believe prices will still fall further. Probably a gd deal for small family who works near there. Would rather wait a few more months for better deals since its a 1000+sq ft duplex studio, If prices drop further it would be a better investment to top up a few hundred k for a 2rm at prime districts. Plus if some lucky guy really bot it, we can potentially look at 2bedders @ ONR with such psf after setting a new record low benchmark :)

Agree. Therefore I am sitting here, waiting for someone to grab that unit and lodge the caveat. Then prices will go into free fall....

That's when we can come in!

Anyone here wants to make that happen? Plse call the Knight Frank agents (Sophia/Jordan) at 94308653. Quick quick. ;)

august
10-02-09, 20:13
Agree. Therefore I am sitting here, waiting for someone to grab that unit and lodge the caveat. Then prices will go into free fall....

That's when we can come in!

Anyone here wants to make that happen? Plse call the Knight Frank agents (Sophia/Jordan) at 94308653. Quick quick. ;)


anywhere i can see site plan and floorplans first? :D

dtrax
10-02-09, 20:25
lol all waiting for the lucky buyer to break new record low.. haha

PN
10-02-09, 20:35
anywhere i can see site plan and floorplans first? :D

http://www.rochlow.com/ONR.htm

cher
10-02-09, 21:12
I called up, owner is willing to release at $630K NETT.
- agent says owner will consider

Gd deal or not its really up to you.. i believe prices will still fall further. Probably a gd deal for small family who works near there. Would rather wait a few more months for better deals since its a 1000+sq ft duplex studio, If prices drop further it would be a better investment to top up a few hundred k for a 2rm at prime districts. Plus if some lucky guy really bot it, we can potentially look at 2bedders @ ONR with such psf after setting a new record low benchmark :)

Even if this owner is willing to sell at $630psf doesn't mean ALL owners in ONR will follow. This owner could be desperate to cash out.

gonk
10-02-09, 21:16
Even if this owner is willing to sell at $630psf doesn't mean ALL owners in ONR will follow. This owner could be desperate to cash out.

True..but this is the beginning...it will get worse. Temasek posted big losses...most who bought in the peak period will follow suit...

dtrax
10-02-09, 21:17
Even if this owner is willing to sell at $630psf doesn't mean ALL owners in ONR will follow. This owner could be desperate to cash out.

In this property market game, who has holding power rules. If owners have the holding power, they would not need to sell at this time in the first place. Anyone who is looking to liquidate at this current situation is definitely in urgent need of cash or for other reasons and we as buyers will have more negotiating power since the psf has dropped significantly.

code01
10-02-09, 22:33
Even if this owner is willing to sell at $630psf doesn't mean ALL owners in ONR will follow. This owner could be desperate to cash out.

What you say is very true. But the concern is once the caveat is lodged, bank will use this price as a indication for valuation. Buyers will use this as a benchmark to buy into ONR. This will create a standoff between buyer n seller n see who buay loon first lor. Matter of holding power actually. The problem now is there are buyers who are willing to match seller asking price, but the bank can't match seller asking price as tehy are very prudent now. So buyer give up and wait. Most buyer do not want to buy above valuation now and pay cash :(

On a brighter note, thought prices might/should continued to go lower BUT good units might not appear. So buyers will still buy if it is a good unit and the price is reasonable. So there are still transaction going on. Jan resale volume was very good after a very lacklustle Nov and Dec. For developer sale, just see Caspian. Very good sales. What recession :rolleyes:

code01
10-02-09, 22:34
Agree. Therefore I am sitting here, waiting for someone to grab that unit and lodge the caveat. Then prices will go into free fall....

That's when we can come in!

Anyone here wants to make that happen? Plse call the Knight Frank agents (Sophia/Jordan) at 94308653. Quick quick. ;)

lol very clever of u :D

new2mondrian
11-02-09, 16:34
lol very clever of u :D

Anyway, I called up HSBC ytd to check their valuations for ONR. They are currently pricing it at 700 plus psf, which is based on the lowest psf of the caveat lodged. Should the $630K unit be sold, I can only imagine what the bank valuation for the rest of the units be like.

If I am a ONR owner, I will get financing now, no matter what the loan quantum may be. Wait a month or so, when the caveat is lodged, I am not even sure how much financing I can get.

There is a lot of pain out there, esp among owners of multiple units. What I understand is that UOL sent a letter to all ONR owners recently, stating that the TOP of ONR is to be brought forward from 2011 to 3Q 2009. That evidently spooked a lot of owners out.

code01
12-02-09, 14:26
Anyway, I called up HSBC ytd to check their valuations for ONR. They are currently pricing it at 700 plus psf, which is based on the lowest psf of the caveat lodged. Should the $630K unit be sold, I can only imagine what the bank valuation for the rest of the units be like.

If I am a ONR owner, I will get financing now, no matter what the loan quantum may be. Wait a month or so, when the caveat is lodged, I am not even sure how much financing I can get.

There is a lot of pain out there, esp among owners of multiple units. What I understand is that UOL sent a letter to all ONR owners recently, stating that the TOP of ONR is to be brought forward from 2011 to 3Q 2009. That evidently spooked a lot of owners out.

I understand even if you get financing now, the bank can still ask you to top up if the price falls too much :(

Allthepies
15-05-09, 13:20
looking for 2, 2+S at 600-650psf :)

0412
16-05-09, 16:28
looking for 2, 2+S at 600-650psf :)

for that price range,I doubt so ....:doh:

richardtanhj
18-05-09, 00:14
Hey folks,
I am looking for a 2BR unit @ $750 to $780psf. I was told the recent caveat lodged was around $780psf in April.

dreamhome
20-05-09, 16:33
Anyone owns a unit facing Nepal Hill? Almost wanted to buy a unit there but realised in time that it's west facing ... meaning it will have hot afternoon sun! Wonder why the developer designed the project to have most units facing west.

Anyone with 3 + study or 4 bedroom unit that's non west-facing to sell? Looking at below $800 psf.

Teana
06-08-09, 22:55
Public housing prices will not drop due to economic reasons. I am sure you know the reasons behind since you sound like one that can make a good government with good policy.

I don't believe condo prices can fall below public housing prices.

Will condo price fall? Yes.
Will public flat price fall? No.
Will condo price go below public flat price? No.

I am interested in the policy you would implement if you are the government.

You really don't have to patronise me with the 1st para. But anyway, coming back to your 2 statements:-

1) Will public flat price fall? No.
2) Will condo price go below public flat price? No.

There is actually still a significant price gap in the plain vanillia public flats and mass condos px. Take executive flats in Pasis Ris as an eg. They are currently transacting at average $330 psf while Livia is asking $650 psf. Same for Woodlands. The Exec flats there are around $300 psf and Rose Suites are going for $600 psf.

While some people will point to the high asking px of DBSS flats like Natura Loft as support level, we all know these are just initial asking px set by the developer and not HDB. So give it some time, when there are no takers, px can only go down. And some people will argue that land px is X + the high construction costs will by Y so eventually property px will be a high Z. But we now know construction costs WILL go down. Even CDL is betting it will go down and thus deferring South Beach. As for land px bought from govt and enbloc people? Well, there is no guarantee clause in these contracts that provides for a min value. So if the developers cannot sell the properties, they will have to write down the land-values. This writing down of land banks happens all the time. It happened in 98, 2000, and 2003 to big and small developers.

The truth of the matter is plenty of people will lose their jobs and some of these stays in condos. They will have no choice but to downgrade to HDBs, either by selling their condo (if they have been keeping 2 properties) or just simply downgrade. While this may seem to point to increase demand for HDB flats, but the real situation is not so simple because some of the retrenched also stay in HDB and if they stay in 5rm or Exec flats, they can downgrade to 3-4rm or move further from town.

In addition, there will also be less demand from PR coming to Sg due to the global recession that is hitting us now and in the mid-term. Mind you, the real recession has not hit us actually. Its now mainly concentrated among the financial sectors. Once it hits main street, we will see the real recession when not just banks, but bricks and mortar companies also announce retrenchments.

At the end of the day, there is still room for condo px to go down closer to public px. It has happened before to EC flats px back in the late 90s-2000. And it will happen to DBSS flats.

Anyway, what you said was wrong!
And what I said was right!

Why am I so sure?
I just sold my ONR 3-bedroom at $1,0xx psf and make a decent profit.

Farnie
07-08-09, 18:08
Anyway, what you said was wrong!
And what I said was right!

Why am I so sure?
I just sold my ONR 3-bedroom at $1,0xx psf and make a decent profit.

I feel sad for you that after 9 mths, you still remember my comments and bother to reply me and try to wag your tail to prove how much money you have made? To bear a grudge for so long, to live a life of unforgiveness is both painful and harmful. Worst of all is I'm not even aware of your unforgiveness and my life goes on joyfully like normal. Is it so stressful holding the hot potato that you didnt even bother to pot a single post from Nov 08 until you finally sold it? But i'm kind hearted. I'm happy that you mange to pass your potato to somebody else coz I think you can't really handle big money.

While you might have made some profits, I'm pretty sure you will guard the profits closely as you seems to be like a novice in property investment and the last 9 mths must have been a hell of a ride for you to go through. So with a chance to make $100-200psf, quickly dump. If strong holder, you would have held on or even ask for more. You mean you also think the mkt is going to crash (my hypothesis is actually not proven wrong strictly speaking), if not why sell now?

Now that you have sold, I'm also quite sure you would join my camp and argue for prices to drop so you can buy back cheap.....or you will now stay out of property as you just can't afford to lose?

At the end of the day, its doesnt matter whether you are right or I'm wrong. What's important is to maintain our health without losing our wealth. By holding my horses back in 2008 and placing the right bets, I have made enough to fully paid off (if i wish to) 2 units of Cosmopolitan in early 2009.

So please watch your health, this is just a forum, no need to take the comments so seriously, take it as a source of tabloid news and do your own analysis.

Ciao :spliff:

teddybear
07-08-09, 23:02
Not sure anybody would like to buy such a project. I initially thought this is a HDB or some DBSS HDB flats. People walking past the ground floor unit can peek into the apartment and see clearly what is happening in there. Totally no privacy at all. Even higher floors are no better because being just beside main roads.


Anyone owns a unit facing Nepal Hill? Almost wanted to buy a unit there but realised in time that it's west facing ... meaning it will have hot afternoon sun! Wonder why the developer designed the project to have most units facing west.

Anyone with 3 + study or 4 bedroom unit that's non west-facing to sell? Looking at below $800 psf.

Teana
10-08-09, 01:44
I feel sad for you that after 9 mths, you still remember my comments and bother to reply me and try to wag your tail to prove how much money you have made? To bear a grudge for so long, to live a life of unforgiveness is both painful and harmful. Worst of all is I'm not even aware of your unforgiveness and my life goes on joyfully like normal. Is it so stressful holding the hot potato that you didnt even bother to pot a single post from Nov 08 until you finally sold it? But i'm kind hearted. I'm happy that you mange to pass your potato to somebody else coz I think you can't really handle big money.

While you might have made some profits, I'm pretty sure you will guard the profits closely as you seems to be like a novice in property investment and the last 9 mths must have been a hell of a ride for you to go through. So with a chance to make $100-200psf, quickly dump. If strong holder, you would have held on or even ask for more. You mean you also think the mkt is going to crash (my hypothesis is actually not proven wrong strictly speaking), if not why sell now?

Now that you have sold, I'm also quite sure you would join my camp and argue for prices to drop so you can buy back cheap.....or you will now stay out of property as you just can't afford to lose?

At the end of the day, its doesnt matter whether you are right or I'm wrong. What's important is to maintain our health without losing our wealth. By holding my horses back in 2008 and placing the right bets, I have made enough to fully paid off (if i wish to) 2 units of Cosmopolitan in early 2009.

So please watch your health, this is just a forum, no need to take the comments so seriously, take it as a source of tabloid news and do your own analysis.

Ciao :spliff:
Why continue to be so negative?

I disappeared for a long holiday.
I am going for another one this week again.

I believe the market will continue to go up!
You will be wrong again!

Reporter
04-09-09, 20:06
I feel sad for you that after 9 mths, you still remember my comments and bother to reply me and try to wag your tail to prove how much money you have made? To bear a grudge for so long, to live a life of unforgiveness is both painful and harmful. Worst of all is I'm not even aware of your unforgiveness and my life goes on joyfully like normal. Is it so stressful holding the hot potato that you didnt even bother to pot a single post from Nov 08 until you finally sold it? But i'm kind hearted. I'm happy that you mange to pass your potato to somebody else coz I think you can't really handle big money.

While you might have made some profits, I'm pretty sure you will guard the profits closely as you seems to be like a novice in property investment and the last 9 mths must have been a hell of a ride for you to go through. So with a chance to make $100-200psf, quickly dump. If strong holder, you would have held on or even ask for more. You mean you also think the mkt is going to crash (my hypothesis is actually not proven wrong strictly speaking), if not why sell now?

Now that you have sold, I'm also quite sure you would join my camp and argue for prices to drop so you can buy back cheap.....or you will now stay out of property as you just can't afford to lose?

At the end of the day, its doesnt matter whether you are right or I'm wrong. What's important is to maintain our health without losing our wealth. By holding my horses back in 2008 and placing the right bets, I have made enough to fully paid off (if i wish to) 2 units of Cosmopolitan in early 2009.

So please watch your health, this is just a forum, no need to take the comments so seriously, take it as a source of tabloid news and do your own analysis.

Ciao :spliff:

Why continue to be so negative?

I disappeared for a long holiday.
I am going for another one this week again.

I believe the market will continue to go up!
You will be wrong again!
Farnie, you are funny!
Wrong means wrong. Why try to save face?
Feel sad? Feel sad for yourself? We feel sad for you too!

By pointing out your weakness, others will be spared from following you and making the same mistake.

esurprise
24-09-09, 16:39
Anyone know how is the sales in ONR? the knightfrank agents are always hanging around project.

Any advice should we buy? Agents, pls do not reply, thanks

proud owner
26-09-09, 15:27
Anyone know how is the sales in ONR? the knightfrank agents are always hanging around project.

Any advice should we buy? Agents, pls do not reply, thanks

my friend rented a 4 bedroom unit there ... only 1700 -ish sqft ..very small

the concept of One north is good ... if govt really develope the whole area ..it will be a very good location ..but until then .. its a neither here nor there condo

dtrax
26-09-09, 15:43
my friend rented a 4 bedroom unit there ... only 1700 -ish sqft ..very small

the concept of One north is good ... if govt really develope the whole area ..it will be a very good location ..but until then .. its a neither here nor there condo

How much ur frend rented the 4 bedder for? 4 rm 1700 sq ft seems ok leh. Coz my sis told tat an agency contacted her for corporate lease for her studio @ $3k which seems to be a gd deal..she din follow up though coz buying for stay

Reporter
28-09-09, 13:12
http://www.businesstimes.com.sg/mnt/static/image/images/topMasthead_small.gif
Pssst, want to buy ‘fraction’ of a condo?
The Business Times
Monday, 28 September 2009

A new way of selling condominium units here has emerged amid the recent resurgence in the property market.

Registered three months ago, Primespace Investments Pte Ltd is marketing ’shares’ in apartments to investors with at least $62,000 to spare.

It has two studio units available – one at One-North Residences in Buona Vista and the other at One Shenton near Raffles Place.

While Primespace says it is selling ‘fractional ownership’, investors will not own the properties directly. The apartments will be bought and held by other private limited companies, and what investors pay for are shares in those vehicles. BT understands investors will not lodge caveats on the properties.

Each of these companies’ share capital will be split into 15 lots. An investor has to pay $62,000 for one lot in the company which owns the One-North unit, or $110,000 for one lot in the company that owns the One Shenton unit.

After the share capital is allotted to investors, Primespace will continue to manage and rent out the properties. It says it will distribute rental income to investors every year, and it is offering a guaranteed yield of 5% for the first year of investment. If an apartment’s value increases by ‘a certain level (usually 40%)’, Primespace will sell it and share the profit among investors.

Investors who wish to cash out before the homes are sold can sell their shares to other people. Or they can turn to Primespace, which says on its website that it guarantees repurchase of the shares ‘after a minimum commitment period (two years for most projects)… at fair market value less a re-marketing fee.’

The idea of pooling funds to invest in property is not new here – many friends and relatives already do it. But Primespace’s business is uncommon in that it lets strangers invest jointly in condominium units. It works like an unlisted property trust, which is more familiar to investors in countries such as Australia.

Primespace says its model allows those who ‘could not otherwise afford or choose to purchase’ property to still invest in it. Property consultants BT spoke to agree this is an advantage, especially in light of the downturn. But they also point out the drawbacks of investing in such private vehicles. For instance, investors may not have much say over the management, leasing and maintenance of the apartments, and they may find it hard to trade their shares.

Market watchers also urge investors to do thorough research. ‘Reputation, years of related experience and the track record of the offering company is critical,’ said Cushman & Wakefield Singapore managing director Donald Han. ‘Investors are depending on its capability and experience to generate maximum returns,’ said Mr Han.

Primespace’s website offers no details about its management. The firm is registered with the Accounting and Corporate Regulatory Authority and records show its director is Trisha Suresh, who could be 24.

The Consumers Association of Singapore (Case) executive director Seah Seng Choon said the investment model is not regulated and investors need to be cautious. For example, they should ensure that companies offering ‘fractional ownership’ cannot sell more than the agreed number of shares.

Chesterton Suntec International research and consultancy director Colin Tan says there are more safeguards for investors in listed real estate investment trusts. Those invested in private vehicles ‘may have to resort to costly litigation if things don’t pan out the way they expected,’ he says.

BT contacted Primespace to find out more about its business, but the firm declined to comment.

richardsng_era
07-10-09, 21:57
Dear all,

My clients from overseas are coming to Singapore on Mid October to invest in private residential properties. One North Residences is one of their choice condo.

Their requirements are as follows:

1) 2 bedrooms or smaller;
2) Regular shaped interior;
3) Attractive pricing;
4) Floor Plan required;
5) Interior photos provided will be wonderful

Call me at +65-92993342 or email property details including floor plan & interior pictures to [email protected] before Thursday, 8 Oct 2009 3pm.

patricia
08-10-09, 09:56
Dear all,

My clients from overseas are coming to Singapore on Mid October to invest in private residential properties. One North Residences is one of their choice condo.

Their requirements are as follows:

1) 2 bedrooms or smaller;
2) Regular shaped interior;
3) Attractive pricing;
4) Floor Plan required;
5) Interior photos provided will be wonderful

Call me at +65-92993342 or email property details including floor plan & interior pictures to [email protected] before Thursday, 8 Oct 2009 3pm.
richard, u should go and f*** your m*****. Spoilt all the thread with you stupid f*** advertisement:tongue3:

dtrax
27-02-10, 01:46
Looks like ONR just broke the $1300psf barrier today, amazing price level at this location :)

proud owner
27-02-10, 01:55
Looks like ONR just broke the $1300psf barrier today, amazing price level at this location :)


hhhmmm i am not sure about the fair value ...

but when i was back in spore last 2 weekls ..i actually stayed there at One North ..

i must say the environment is nice .. so near the main road and yet absolutely serene ...

on the other hand Rochestor will be super noisy

BillyCutie
28-02-10, 08:59
Oh, broke $1300 barrier? for a 3+1 rm?? Greater upside when One-Rochester and Rock-Capitaland shopping centres + Mediapolis hub complete. Definitely a better investment buy than The Vision.

cher
28-02-10, 09:23
Oh, broke $1300 barrier? for a 3+1 rm?? Greater upside when One-Rochester and Rock-Capitaland shopping centres + Mediapolis hub complete. Definitely a better investment buy than The Vision.


Why better than Vision???? No amenities, far walk from bus stop and MRT, further from NUS, Sentosa, IR, no seaview?? Need i say more?:)