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SP specialist
17-01-10, 18:51
New Launch @ West Coast coming soon

High rise 36sty contains 295 units overlooking west coast park

Guaranteed sea view for high floor premium units

1 - 4brm units

Interested buyers, please email to [email protected]

Allthepies
18-01-10, 07:36
New Launch @ West Coast coming soon

High rise 36sty contains 295 units overlooking west coast park

Guaranteed sea view for high floor premium units

1 - 4brm units

Interested buyers, please email to [email protected]

Where is it? Can post a map?

stalingrad
18-01-10, 14:45
I think it is coastal heights, developed by Far East and located next to blue horizon.

Since it is by FEO, it is probably not going to be cheap, and parking is in a multi-story car park. Thus, I would not be interested.

xebay11
18-01-10, 15:20
I think it is coastal heights, developed by Far East and located next to blue horizon.

Since it is by FEO, it is probably not going to be cheap, and parking is in a multi-story car park. Thus, I would not be interested.

How come the title says The Vision and you are discussing Coastal Heights?

unregistered881
18-01-10, 20:37
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/336051/1/.html

Project most likely not by FEO lah.

stalingrad
19-01-10, 08:58
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/336051/1/.html

Project most likely not by FEO lah.

Then, I would be mildly interested. can't stand FEO projects. Just look at blue horizon. it is just a terrible project.

als0n
22-01-10, 21:16
Exciting New Launch @ West Coast


Full Sea View
Opp West Coast Park
High Rise Development
295 Units
Full Condo Faculties
Near Good Schools
Sports Stadium
MRT / AYE
NUS / Science Park
Renowned DeveloperRegister With Us Now To Get Latest Information And Update!!
Call 90036690

Regulators
22-01-10, 22:29
The Vision of west coast being as hot as east coast will never become reality. The container terminal spoils the entire facade of the seaview and not much of a beach for recreational activities as well:doh:

Allthepies
23-01-10, 00:01
MRT / AYEnear MRT???? which one, u mean Marina Bay MRT! :doh:

proud owner
23-01-10, 00:12
near MRT???? which one, u mean Marina Bay MRT! :doh:


MRT/ AYE

based on the info in his posting ..

i would say its Clementi MRT ...

stalingrad
23-01-10, 16:26
MRT/ AYE

based on the info in his posting ..

i would say its Clementi MRT ...

If this project is near clementi MRT, then I can say my home is near orchard road MRT. these developers are getting sillier by the day.

Lucas
23-01-10, 21:01
Exciting New Launch @ West Coast

Full Sea View
Opp West Coast Park
High Rise Development
295 Units
Full Condo Faculties
Near Good Schools
Sports Stadium
MRT / AYE
NUS / Science Park
Renowned DeveloperRegister With Us Now To Get Latest Information And Update!!
Call 90036690

Coastal height will be called The Vision? The showroom is still not completed and don't think it will be in time before CNY. Any info on the psf?

als0n
26-01-10, 14:54
Exciting New Launch @ West Coast

Full Sea View
Opp West Coast Park
High Rise Development
295 Units
Full Condo Faculties
Near Good Schools
Sports Stadium
AYE / NUS / Science Park
Renowned DeveloperRegister With Us Now To Get Latest Information And Update!!
Call 90036690

PropertiesHunter
28-01-10, 14:02
Anything above 500Metre away is NOT Near MRT. Anyway they will say Private Bus service from Condo to MRT.

Price look like above 950psf (PenthHse), 1200psf (studio) according to inside source.

If I am NOT wrong it belong to Lee KS sub company group of Cheung Kong holding.

Is will NOt occupy the whole bare land of what u see maybe 1/3

JXCHIA
03-02-10, 03:20
Exciting New Launch @ West Coast

Full Sea View
Opp West Coast Park
High Rise Development
295 Units
Full Condo Faculties
Near Good Schools
Sports Stadium
MRT / AYE
NUS / Science Park
Renowned DeveloperRegister With Us Now To Get Latest Information And Update!!
Call 90036690

invite me for viewing when the showroom is ready tks. [email protected]

Avatar
05-02-10, 11:32
Hmm..wonder what is the psf range for this project for 3bdrm and above.

Sinclone
05-02-10, 13:48
The Vision @ West Coast Drive
Launching Soon

Register for 1st Priority Preview Invitation and Updates

An Excellent Rare West Seaview development
Tallest Waterfront Landmark Residence

A Definite well worth Project
A New Pinnacle with Modern and Prestige Design

2 Towers of 33/32 Storeys, 281 units of luxurious condo units
and 14 units of 3 Storey Strata Houses

Consist of Spacious 2, 3, 4 bedrooms units, Penthouses and Houses

Register Online now for Preview Invitation and latest update

Visit http://www.propertylaunch.sg/The%20Vision.php for information.

Any enquiries, please call 6100 8090

Foreigners are eligible for purchase of the Strata Houses

JXCHIA
06-02-10, 01:09
The Vision @ West Coast Drive

Launching Soon


Register for 1st Priority Preview Invitation and Updates


An Excellent Rare West Seaview development



Tallest Waterfront Landmark Residence




A Definite well worth Project



A New Pinnacle with Modern and Prestige Design


2 Towers of 33/32 Storeys, 281 units of luxurious condo units
and 14 units of 3 Storey Strata Houses


Consist of Spacious 2, 3, 4 bedrooms units, Penthouses and Houses


Register Online now for Preview Invitation and latest update


Visit http://www.propertylaunch.sg/The%20Vision.php for information.


Any enquiries, please call 6100 8090



Foreigners are eligible for purchase of the Strata Houses


but hear from agent psf is around 1100 - 1200 and no tennis court, so ex!

Avatar
06-02-10, 10:10
but hear from agent psf is around 1100 - 1200 and no tennis court, so ex!
[/center]

I think the developer is trying to maximise its return by building strata houses instead of condo facilities.:doh:

noblebaby
06-02-10, 16:53
Must wait beyond 2027 :p


The Vision of west coast being as hot as east coast will never become reality. The container terminal spoils the entire facade of the seaview and not much of a beach for recreational activities as well:doh:

Sinclone
09-02-10, 12:12
New Launch Freehold Property coming to West Coast

http://www.propertylaunch.sg/images/vision/logo2.jpg

The Vision @ West Coast Cres
Beside Blue Horizon

http://www.propertylaunch.sg/images/vision/mainpic.jpg

Launching Soon
Call or Register Now for 1st Priority Preview Invitation, Prelaunch Presentation and Updates

An Excellent Rare West Seaview development
Tallest Waterfront Landmark Residence
A Definite well worth Project
A New Pinnacle with Modern and Prestige Design

2 Towers of 33/32 Storeys, 281 units of luxurious condo units
and 14 units of 3 Storey Strata Houses
Consist of Spacious 2, 3, 4 bedrooms units, Penthouses and Houses

http://www.propertylaunch.sg/images/vision/long2.jpg


Located in Rare West Coast Waterfront Area
Outstanding Iconic Twin Tower designs with Strata Houses
Tallest and most prominent Landmark to be in the Area
70% of the units will enjoy sea view living
First ever glass clubhouse designed to enjoy panoramic sea view
Designed with harmonious, relax and peaceful concept in mind
Next to West Coast Park, offering serenity and views of lush greenery
Close Proximity to Kent Ridge Park and Clementi Woods
Excellent spacious unit layout and facing
Excellent Superb Quality Contemporary interior finishes
5 mins drive to Biopolis and future Jurong Business Hub
10 mins drive to Sentosa Integrated Resort and Theme Park
10 mins drive to Vivocity shopping and entertainment mall
20 mins drive to Orchard, CBD and Marina IR
Close promixity to One North and New Clementi Mall
Close proximity to Future Jurong Gateway - CBD in the west
Close proximity to Japanese Kindergarten and Secondary School
Close proximity to many Institutes - NUS, NTU, SP, Ngee Ann
Many Amenities and Eateries within 1 km of Development
Excellent Accessibility - Mins to Major Expressway - AYE
High Rental Demand from neighboring MNC and Institutes
Great potential once Sentosa IR and Jurong Business hub is ready
Excellent high potential Returns for Resale and Rental
Developed by Singapore’s prestigious Developer


Call 6100 8090 now for enquiries or presentation.
Visit http://www.propertylaunch.sg/The%20Vision.php for floorplans and details

sumo22
09-02-10, 19:00
If Blue Horizon is not doing well in the resale market, can i expect this Vision to do well?

august
09-02-10, 22:20
i find the various stacks' layouts and direction-facings not ideal and rather restrictive.

sfwoo
11-02-10, 09:53
Condo pricing from $1100-1200 psf.
Villas not yet priced.
Showflat opening after CNY.
Li Ka Shing's...so, finishing shud be better than FEO's.

jsh
11-02-10, 10:03
Condo pricing from $1100-1200 psf.
Villas not yet priced.
Showflat opening after CNY.
Li Ka Shing's...so, finishing shud be better than FEO's.

:doh: $1100-$1200 psf . thats really expensive. Li Ka Shing following the footsteps of FEO. Anyone care to speculate on the response at these prices.

sfwoo
11-02-10, 10:10
I also think it is too expensive, considering the neighbourhood is INDUSTRIAL.

Lucas
11-02-10, 10:15
:doh: $1100-$1200 psf . thats really expensive. Li Ka Shing following the footsteps of FEO. Anyone care to speculate on the response at these prices.
:scared-4: :scared-4: :scared-4: :confused: :confused: :confused: :rolleyes: :rolleyes: :rolleyes:

I will go n see but unlikely to buy if really Over $1000 psf!

sfwoo
11-02-10, 10:47
I don't understand the developers.

West Coast Highway is overwhelmed by heavy vehicles, all three lanes sometimes.

West Coast Park has no beach to speak of.

The water there is nothing like in their advert, visibility in the water is one foot on good days.

The air is filled with whatever spews from the smoke stacks in the refineries offshore.

The scenery is punctuated by container cranes.

Like that, still can price at a premium???

Allthepies
11-02-10, 12:59
I don't understand the developers.

West Coast Highway is overwhelmed by heavy vehicles, all three lanes sometimes.

West Coast Park has no beach to speak of.

The water there is nothing like in their advert, visibility in the water is one foot on good days.

The air is filled with whatever spews from the smoke stacks in the refineries offshore.

The scenery is punctuated by container cranes.

Like that, still can price at a premium???

u don't understand;
i don't understand;
in the end at >1100psf;
it will still sell out;

DC33_2008
11-02-10, 13:13
u don't understand;
i don't understand;
in the end at >1100psf;
it will still sell out;

Recent Caveat lodge for Blue Horizon. It is not even close to 900psf. How can it launch at 1100-1200psf? Better to get the The Peak @ Balmeg (http://sg.wrs.yahoo.com/_ylt=A3xsfC3BnnNLdxcB9rAj4gt.;_ylu=X3oDMTByaW1zcjRxBHNlYwNzcgRwb3MDMQRjb2xvA3NnMQR2dGlkAw--/SIG=12g9egqqu/EXP=1265954881/**http%3a//www.mclland.com.sg/currentlaunches/page.asp%3faid=187) as it is freehold, nearer to the West Coast stn, less noise and soot, etc for the same launch price.

27 West Coast Crescent #23-24
99 Yrs From 14/08/2000
$785
1216
$955k
20 Jan 10
25 West Coast Crescent #19-15
99 Yrs From 14/08/2000
$781
1152
$900k
30 Dec 09
23 West Coast Crescent #10-08
99 Yrs From 14/08/2000
$747
1163
$868k
28 Dec 09
27 West Coast Crescent #07-23
99 Yrs From 14/08/2000
$757
1163
$880k
28 Dec 09
25 West Coast Crescent #21-17
99 Yrs From 14/08/2000
$779
1216
$948k
22 Dec 09
25 West Coast Crescent #05-13
99 Yrs From 14/08/2000
$748
1163
$870k
18 Dec 09

Lucas
11-02-10, 20:08
Come 2027, just another 17 years, the whole PSA port will move to Tuas :)
The developer is far-sighted enough... afterall he is one of the richest man in the world... Mr Li


I don't understand the developers.

West Coast Highway is overwhelmed by heavy vehicles, all three lanes sometimes.

West Coast Park has no beach to speak of.

The water there is nothing like in their advert, visibility in the water is one foot on good days.

The air is filled with whatever spews from the smoke stacks in the refineries offshore.

The scenery is punctuated by container cranes.

Like that, still can price at a premium???

sfwoo
11-02-10, 20:11
Come 2027, just another 17 years, the whole PSA port will move to Tuas :)
The developer is far-sighted enough... afterall he is one of the richest man in the world... Mr Li
OK.
But I may not have 17 yrs.
So, looks like I will give this a miss.
I liked the idea of the villas, there are only 14, but the neighbourhood and the pricing may get in the way.

sleek
11-02-10, 21:03
Come 2027, just another 17 years, the whole PSA port will move to Tuas :)
The developer is far-sighted enough... afterall he is one of the richest man in the world... Mr Li

The port may move but the anchorage areas will still remains off the coast from East to West. ;)

teddybear
11-02-10, 22:04
If the developer is so far-sighted enough, he should buy and hold for 17 years and launch when PSA announce their port's move to Tuas so that they can sell at 3x the price. :p


Come 2027, just another 17 years, the whole PSA port will move to Tuas :)
The developer is far-sighted enough... afterall he is one of the richest man in the world... Mr Li

cher
12-02-10, 05:56
Recent Caveat lodge for Blue Horizon. It is not even close to 900psf. How can it launch at 1100-1200psf? Better to get the The Peak @ Balmeg (http://sg.wrs.yahoo.com/_ylt=A3xsfC3BnnNLdxcB9rAj4gt.;_ylu=X3oDMTByaW1zcjRxBHNlYwNzcgRwb3MDMQRjb2xvA3NnMQR2dGlkAw--/SIG=12g9egqqu/EXP=1265954881/**http%3a//www.mclland.com.sg/currentlaunches/page.asp%3faid=187) as it is freehold, nearer to the West Coast stn, less noise and soot, etc for the same launch price.

27 West Coast Crescent #23-24
99 Yrs From 14/08/2000
$785
1216
$955k
20 Jan 10
25 West Coast Crescent #19-15
99 Yrs From 14/08/2000
$781
1152
$900k
30 Dec 09
23 West Coast Crescent #10-08
99 Yrs From 14/08/2000
$747
1163
$868k
28 Dec 09
27 West Coast Crescent #07-23
99 Yrs From 14/08/2000
$757
1163
$880k
28 Dec 09
25 West Coast Crescent #21-17
99 Yrs From 14/08/2000
$779
1216
$948k
22 Dec 09
25 West Coast Crescent #05-13
99 Yrs From 14/08/2000
$748
1163
$870k
18 Dec 09



Peak@Belmeg is a totally different location altogether. You want to leave need har pa villa?????????? :)

DC33_2008
12-02-10, 07:44
Peak@Belmeg is a totally different location altogether. You want to leave need har pa villa?????????? :)

Balmeg is relatively better than Vision on relative term. However, I will not go for Balmeg either as there is an oil refinery view plus soot too.

Condorich
12-02-10, 08:37
If the developer is so far-sighted enough, he should buy and hold for 17 years and launch when PSA announce their port's move to Tuas so that they can sell at 3x the price. :p

He cannot hold that long... there's a completion time line of about 5 years... check conditions of tender

What he can do is to build it, sell it to himself and then hold it for the remaining 99 years if he wished to.

At this kind of pricing, clearly you would expect that he is looking at 30% to 50% sales at the most (condo units). The villas are a different animal altogether. I woluld be surprised if the condo can sell beyond 75%.

sfwoo
12-02-10, 08:49
...At this kind of pricing, clearly you would expect that he is looking at 30% to 50% sales at the most (condo units). The villas are a different animal altogether. I woluld be surprised if the condo can sell beyond 75%.

Got a lot of enquiries about the villas acording to mkting agent, and there are only 14 of them, hence, developer don't want to set price yet, I suspect they will up it cos of the interest in the 3 storey villas
(4500 sq ft).

sfwoo
12-02-10, 19:20
Villas pricing about $3.5 million each!

I think $3.5million got a lot of choices all over Singapore.

I have given up looking at the villas, out of reach, way out of reach.

proud owner
14-02-10, 00:34
Villas pricing about $3.5 million each!

I think $3.5million got a lot of choices all over Singapore.

I have given up looking at the villas, out of reach, way out of reach.

3.5 mio ?

can buy a FH landed semi D ...of 4500 sqft land ..at many choice location leow .. why buy LH ? seow

Condorich
15-02-10, 14:39
3.5 mio ?

can buy a FH landed semi D ...of 4500 sqft land ..at many choice location leow .. why buy LH ? seow

Crazy pricing :) The higher it is priced, the stronger is the signal that their units cannot move in the market. Thus that kind of pricing.
At this pricing, you might want to try FH cluster housing costing less than 2 million... some landed in D5 is also going for much less than 3.5 miliion. The best comparision is westside33 or something, FH and near to it and lss than 2 million... those folks are the biggest winners.

jlrx
17-02-10, 01:11
I don't understand the developers.

West Coast Highway is overwhelmed by heavy vehicles, all three lanes sometimes.

West Coast Park has no beach to speak of.

The water there is nothing like in their advert, visibility in the water is one foot on good days.

The air is filled with whatever spews from the smoke stacks in the refineries offshore.

The scenery is punctuated by container cranes.

Like that, still can price at a premium???
u don't understand;
i don't understand;
in the end at >1100psf;
it will still sell out;

Property is a very simple investment, because property prices will always go up in the long term. :cheers1:

That's why properties are for simple-minded, uneducated people like Mr. Ng Teng Fong or Mr. Li Kashing. :spliff:

Those who are too intelligent and try to analyse too much ended up in the Straits Times complainers' forum writing letters to complain about very high property prices. :doh:

There is nothing to analyse, just buy.

You will never be able to predict exactly which place is going to outperform another, relatively.

Look at the 1980's classfieds below.

Would you like this West Coast Jalan Mas Kuning terrace filled with heavy vehicles, no beach, poor visibility, smoke stacks for $455,000 ?

http://i305.photobucket.com/albums/nn211/jlrx_bucket/WestCoast19840713.jpg

Or grab this Grange Heights for $650,000 even though it was not in the prime part of River Valley (as some people pointed out) and too far from the main road?

http://i305.photobucket.com/albums/nn211/jlrx_bucket/IncredibleOffers.jpg

Or these landed properties for around $400k, even though the rental yield for landed was always miserable?

http://i305.photobucket.com/albums/nn211/jlrx_bucket/LandedHousesForSale19850521.jpg

Propertism Rule No. 1 - Properties should only be bought. Not sold.

Property prices will always go up in the long term simply because paper money will eventually lose all its value.

“The modern banking process manufactures currency out of nothing.”.
- Lord Josiah Stamp, Former Director of the Bank of England (1937)

“At the end fiat money returns to its inner value—zero.”
- Voltaire (21 November 1694 – 30 May 1778)

JXCHIA
23-02-10, 21:58
If Blue Horizon is not doing well in the resale market, can i expect this Vision to do well?

rental for blue horizons 2 rms is 3.5k, resale psf is abv$750, so i dun understand why is it not doing well? Last time, my frd bought a 3 rm psf is below $600.

JXCHIA
23-02-10, 22:05
[quote=jlrx]Property is a very simple investment, because property prices will always go up in the long term. :cheers1:

That's why properties are for simple-minded, uneducated people like Mr. Ng Teng Fong or Mr. Li Kashing. :spliff:

Those who are too intelligent and try to analyse too much ended up in the Straits Times complainers' forum writing letters to complain about very high property prices. :doh:

There is nothing to analyse, just buy.

hahaha, i really like what u have said, so true!!!

proud owner
25-02-10, 03:23
rental for blue horizons 2 rms is 3.5k, resale psf is abv$750, so i dun understand why is it not doing well? Last time, my frd bought a 3 rm psf is below $600.

becos its neither here nor there location ...

Condorich
25-02-10, 05:22
becos its neither here nor there location ...

Actually, the demand (sale and rental) has move out from blue horizon to the newer projects like clementi woods, varsity park, botannia, carabella and even 100 trees, the parc etc.... neither here or there locations too but at least newer... Anyway problems with accessibility could be solved by shuttle service to MRT or own transport.

BH is by Far East with multi storey carpark... perhaps that is the reason.

stalingrad
25-02-10, 10:22
Actually, the demand (sale and rental) has move out from blue horizon to the newer projects like clementi woods, varsity park, botannia, carabella and even 100 trees, the parc etc.... neither here or there locations too but at least newer... Anyway problems with accessibility could be solved by shuttle service to MRT or own transport.

BH is by Far East with multi storey carpark... perhaps that is the reason.

The fact you can't even open the windows fully is another reason. It is not helping that someone wrote a scary story about an encounter with ghosts at BH. Credible or not, it is not helping.

Wonder whether the vision will have windows that cannot be fully opened.

sfwoo
25-02-10, 10:43
One of the agents for The Vision told me, preview prices adjusted downwards, to about $950 psf.

I am hoping for prices to fall some more.

Will wait.

Reporter
25-02-10, 12:38
http://bhtest.asia1.com.sg/mnt/static/image/images/topMasthead_small.gif
Buzz in private housing sales continues
Weekend sales of about 45 units at Waterscape at Cavenagh and over a dozen units at L'VIV
Kalpana Rashiwala
The Business Times
Thursday, 25 February 2010

The buzz in private home sales appears to be continuing even after last Friday evening’s government announcement of new measures to cool the property market.

About 45 units at Hiap Hoe’s Waterscape at Cavenagh are said to have been sold since Saturday – the bulk of them 1-bedders although some 2- and 3-bedroom units were also sold. Hiap Hoe is understood to have offloaded 61 units so far in the 200-unit project, which will be officially launched soon. The majority of buyers are understood to be Singaporeans; foreigners made up about 15%-20% of purchasers.

The freehold project is 5 to 7 storeys high. The average price achieved is understood to be about $1,873 psf, with prices ranging from $1,738 to $2,010 psf. The lowest-priced unit sold was a 1-bedder of 581 sqft on the 2nd level that fetched $1.03 million or $1,778 psf.

Wing Tai is also understood to have sold slightly more than a dozen units over the weekend at L’VIV at Newton Road. This takes total sales to about 35 units.

The 147-unit freehold project comprises almost entirely of 1- and 2-bedroom units (both with study). The average price is said to be about $2,000 psf and buyers have to purchase on the old deferred payment scheme (DPS). They pay 20% of the purchase price initially with the rest deferred till the 32-storey project receives Temporary Occupation Permit, which is expected around 2013.

Developers that had obtained approval from the authorities to sell projects on DPS prior to the scheme being scrapped in October 2007 are still allowed to offer DPS.

Last Friday, just hours before the government’s announcement, a joint venture between Sing Holdings and Forum Partners is said to have sold more than 40 units at The Laurels on Cairnhill Road, which is being developed on the former Hillcourt Apartments site.

The units were sold at a 1-day private preview held for former owners of Hillcourt Apartments as well as the developers’ staff and business associates. Those who turned up for the preview were quoted a price range of $2,500 to $2,900 psf, although a one-bedder on the 18th floor is said to have sold at just a shade below $3,000 psf. In absolute quantum, the highest-priced unit transacted was a penthouse with 4 bedrooms and a garden that fetched almost $9.9 million or about $2,040 psf, BT understands.

The buyers were mostly Singaporeans, although some Indonesians who had formerly lived in Hillcourt are also said to have bought. The Laurels will be next previewed in a fortnight, on March 13.

The project is near Capitaland’s Urban Suites, where 88 units were sold last month at prices ranging from $2,213 psf to $2,921 psf.

The landed housing market also continues to teem with activity. RealStar Premier Property Consultant managing director William Wong says that his firm has brokered or co-brokered 4 bungalow deals in the past few days. These include a 2½-storey property at Berrima Road off Dunearn Road that sold for $8.75 million or $1,944 psf, based on its land area of about 4,500 sqft. The bungalow was completed a few months ago.

At Kheam Hock Road nearby, a brand new bungalow sold for $8.5 million or $1,577 psf. The other 2 transactions were at Namly Grove ($10.8 million or $1,125 psf) and Coronation Road West ($10.4 million or $906 psf).

Mr Wong does not expect the measures announced by the government last Friday – which include a seller’s stamp duty for those who sell a residential property within a year of purchase – to affect landed property buyers. Those who buy bungalows often renovate them and this could take 6 months to a year; so they’re unlikely to have been planning to resell within a year, according to Mr Wong. Besides, bungalow buyers usually have more holding power, he added.

Mr Wong forecasts a 5-10% rise in landed home prices this year, citing limited supply; the stock of landed homes on the island is much smaller than condos/apartments.

Singaporeans make up about 60% of Mr Wong’s bungalow buyers these days; the other 40% are permanent residents, who are allowed to buy bungalows with land areas up to around 15,000 sqft.

Meanwhile, at West Coast Crescent, agents marketing Thë Vïsïön are said to be collecting chëqüës ahead of the 99-year leasehold project’s preview planned in the 2nd week of March.

Those issuing cheques are said to have been told prices could be in the $1,000 psf to $1,200 psf range, although there will be an early bird discount.

The Vision, being developed by a Singapore unit of Cheung Kong Holdings, comprises 281 apartments housed in 2 33-storey towers and 14 strata houses. The development will not have any 1-bedroom apartments, which typically are the first to be snapped up these days because of the lower entry barrier in terms of a smaller lumpsum investment.

Instead, The Vision’s apartments will be 2-, 3-, and 4-bedders as well as penthouses. The majority of units are 3-bedroom apartments – mostly ranging from 1,259 to 1,313 sqft, with 3 ground floor units (inclusive of private enclosed space) of 1,776 sqft to over 2,000 sqft.

Summing up the continued enthusiasm of home buyers, a seasoned property consultant said: ‘Buyers are quite confident prices wön’t fäll; in fact, they’re likely to rise because of the improving economy and the completion of the IRs.’

Agreeing, an agent says: ‘There’s still a lot of mönëy; if you can’t put it in property, where else can you put it?’

sfwoo
25-02-10, 12:43
Agreeing, an agent says: ‘There’s still a lot of mönëy; if you can’t put it in property, where else can you put it?’

Meanwhile, subsales in mass market condos continue to be sluggish, even at prices below $600 psf.

Condorich
25-02-10, 14:14
Meanwhile, subsales in mass market condos continue to be sluggish, even at prices below $600 psf.

Yup, mass market has reach around its 2007 peak... so fresh buyers are reluctant to commit.

This group is extrememly price sensitive and would be very cautious in their bet, so it is not unusal to see them at the side lines. For those who bought low, during a time of crisis post Oct 2008... no reason to let go at a low profit because they are not going to get those prices again. Unless a major supply of land by government, flooding the market or that major foreign investors decides to leave Singapore... it is very unlikely for the prices to go down.

More Stamp Duties = Pass on to buyers
More Development Cost = Pass on to buyers
More property tax = pass on to tenants
More expansive new releases = lift the baseline pricing... = pass on to buyers
Plus inflation = do nothing will also enjoy price appreciation.

However, it is not a definite state, must be careful of 1996/1997 experience resurfacing. Just buy within your comfort zone.

BBelle
25-02-10, 15:31
One of the agents for The Vision told me, preview prices adjusted downwards, to about $950 psf.

I am hoping for prices to fall some more.

Will wait.


$950psf is for 4bdrm?

Reporter
25-02-10, 17:46
http://www.h88.com.sg/images/h88_masthead_logo.jpg
Property market still buzzing
H88
Thursday, 25 February 2010, 12:48

Sales of condominiums appear to be strong, despite last Friday's cooling measures by the Government. High-end units like Waterscape at Cavenagh, L'VIV and The Laurels are doing well, while agents at the much anticipated The Vision at West Coast are already collecting cheques.

Prices for The Vision at West Coast Crescent are rumoured to be around $1,000 to $1,200 psf.

sfwoo
25-02-10, 19:40
$950psf is for 4bdrm?
Yes.

The villas are about $3.5 million each.(4500 sq ft)

gohsoonk
25-02-10, 22:46
If the developer is so far-sighted enough, he should buy and hold for 17 years and launch when PSA announce their port's move to Tuas so that they can sell at 3x the price. :p

Ha Ha...what a skewed argument...but I like it...

Allthepies
25-02-10, 23:07
$950psf is for 4bdrm?

don't understand, far north estuary 2 bedder with reservior view selling for 800-900 psf, this far west 2 bedder (with partial sea view) want to sell 1200psf??? :eek:

proud owner
25-02-10, 23:35
don't understand, far north estuary 2 bedder with reservior view selling for 800-900 psf, this far west 2 bedder (with partial sea view) want to sell 1200psf??? :eek:


price issue aside ..

driving from west coast to CBD/town .. is MUCH MUCH fastest then from Yishun ...

pmet
26-02-10, 03:37
price issue aside ..

driving from west coast to CBD/town .. is MUCH MUCH fastest then from Yishun ...

Yep, 10mins for West Coast compared to 20mins is a huge difference. No ERP and Jam makes cruising down West Coast Highway a pleasure :)

proud owner
26-02-10, 03:53
Yep, 10mins for West Coast compared to 20mins is a huge difference. No ERP and Jam makes cruising down West Coast Highway a pleasure :)

thank you for agreeing

i used to drive to raffles place .. door to door 10 mins .. 8 mins was the record .. without using the highway

and yes no ERP .. except until CBD ..

however Carribean dwellers who drive will agree its a nightmare .. they cant use the highway and have to get into the crowd before vivo/sentosa ..

they could however take the highway ..exit alexandra ..and do a U turn ... will be faster ...

proud owner
26-02-10, 03:57
don't understand, far north estuary 2 bedder with reservior view selling for 800-900 psf, this far west 2 bedder (with partial sea view) want to sell 1200psf??? :eek:

yishun has speed camera .. other areas dont .. so they deserve a price premium :tongue3:

Allthepies
26-02-10, 07:42
yishun has speed camera .. other areas dont .. so they deserve a price premium :tongue3:

oh im enlightened now :) thanks:cool:

Condorich
26-02-10, 07:55
don't understand, far north estuary 2 bedder with reservior view selling for 800-900 psf, this far west 2 bedder (with partial sea view) want to sell 1200psf??? :eek:

This is different...
One cannot sell to investors well and the other could...
The one at Yishun is mainly for Yishun and Marsiling or Woodlands Folks... upgrading from their HDB...
The one at West Coast, for students, lecturers, expatriates and rich investors. But the demand may not be as strong as desired so they have to try to raise price to offset the lower volume.

Maybe $1000 psf could sell 50% but actual demand is probably 30% so they have to adjust the price upwards in that way.. Just a opinion.

jdm
26-02-10, 10:03
the view will come with HOT WEST SUN!!!

jonleelk
26-02-10, 12:42
thank you for agreeing

however Carribean dwellers who drive will agree its a nightmare .. they cant use the highway and have to get into the crowd before vivo/sentosa ..

they could however take the highway ..exit alexandra ..and do a U turn ... will be faster ...

The ramp up to the highway, just in front of Carribean, has been converted to a down ramp. A new up ramp was built, in front of the cable car towers.

So now west travelling vehicles can exit and make a U-turn at henderson road. No need to go all the way to alexandra road. Lagi faster.

But the traffic in front of sentosa gateway is ~!@#$% with the opening of the IR.

jonleelk
26-02-10, 12:45
don't understand, far north estuary 2 bedder with reservior view selling for 800-900 psf, this far west 2 bedder (with partial sea view) want to sell 1200psf??? :eek:

West Coast is not far west yet lah. That title goes to Jurong West or Choa Chu Kang.

Yishun/Woodlands/Sembawang, far enough in the north liao.

Avatar
27-02-10, 19:06
Hmm..How come sale of this condo so quiet? Thought alot of advertisement going around? Estuary is selling quite well but this one is so quiet...not yet launched?

jonleelk
27-02-10, 21:12
Not launched yet. I drive past the site quite frequently. They are currently still in progress of fencing up the site.

Condorich
27-02-10, 22:19
Not launched yet. I drive past the site quite frequently. They are currently still in progress of fencing up the site.

Strange... maybe they are waiting for the 1st quarter results...
maybe they are waiting to launch it at a better time, say third quarter? The sentiments just keep on getting better day by day... Maybe with the completion of the 2nd IR in Apr 10 and thereafter the youth olympics... it will reach its new peak? Anyway the prices are clearly not cheap.

:eek:

cher
28-02-10, 08:15
Strange... maybe they are waiting for the 1st quarter results...
maybe they are waiting to launch it at a better time, say third quarter? The sentiments just keep on getting better day by day... Maybe with the completion of the 2nd IR in Apr 10 and thereafter the youth olympics... it will reach its new peak? Anyway the prices are clearly not cheap.

:eek:

How could that be? Agents already collected many cheques.:scared-2:

jonleelk
28-02-10, 08:44
Maybe waiting for MCL to test market first? :)

I believe this week possible as they have been advertising in the papers aggressively these few days.

sfwoo
28-02-10, 10:25
How could that be? Agents already collected many cheques.:scared-2:
If you go to West Coast Park to walk, got agents stationed at the carpark giving out flyers advertising The Vision. Very aggressive.

Dunno about collecting cheques, though.

Condorich
28-02-10, 10:41
How could that be? Agents already collected many cheques.:scared-2:

Yup. that's why I have stated it as Strange.....
Should be out pretty soon if not less than a month away, but it is really up to developers..

DC33_2008
28-02-10, 16:06
the view will come with HOT WEST SUN!!!

Hot sun from the west and "giraffes-like structure" on the east as there is a port with numerous cranes. Worst still! Jurong island on the west can be like a time-bomb.

BBelle
01-03-10, 08:51
thank you for agreeing

i used to drive to raffles place .. door to door 10 mins .. 8 mins was the record .. without using the highway

and yes no ERP .. except until CBD ..

however Carribean dwellers who drive will agree its a nightmare .. they cant use the highway and have to get into the crowd before vivo/sentosa ..

they could however take the highway ..exit alexandra ..and do a U turn ... will be faster ...

yeah I agree too..
its quite a smooth traffic if you take west coast highway other than seeing those heavy vehicles..

BBelle
01-03-10, 08:55
Yup. that's why I have stated it as Strange.....
Should be out pretty soon if not less than a month away, but it is really up to developers..

heard launch on 12mar

Snail
01-03-10, 11:54
Come 2027, just another 17 years, the whole PSA port will move to Tuas :)
The developer is far-sighted enough... afterall he is one of the richest man in the world... Mr Li


Going back to this...... I don't actually believe the PSA will move to Tuas so quickly and then only to move Tanjong Pagar, Brani and Keppel Terminals whilst this Pasir Panjang one will stay.

There has been too much money pumped into Pasir Panjang Terminal in the last couple of years, and more going in over the next two that any move within the next 20-yrs will not make it an ecconomical decision.

More so given current reclaimation works between Pasir Panjang and Keppel, to house a new PSA Terminal in a few years.

The Vision, overlooking Pasir Panjang Terminal and the shipyards off to the West will not have any outlook at any time. More than 900/sqft won't make too much sense unless you like watchin industry, and being close enough to smell/hear it.

teddybear
01-03-10, 12:05
My guess is more like Tajong Pagar terminals shifted more to Western sides, but the rest in Pasir Panjang & West Coast will stay put after 2017. Too high costs & disruptions to shift everything.


Going back to this...... I don't actually believe the PSA will move to Tuas so quickly and then only to move Tanjong Pagar, Brani and Keppel Terminals whilst this Pasir Panjang one will stay.

There has been too much money pumped into Pasir Panjang Terminal in the last couple of years, and more going in over the next two that any move within the next 20-yrs will not make it an ecconomical decision.

More so given current reclaimation works between Pasir Panjang and Keppel, to house a new PSA Terminal in a few years.

The Vision, overlooking Pasir Panjang Terminal and the shipyards off to the West will not have any outlook at any time. More than 900/sqft won't make too much sense unless you like watchin industry, and being close enough to smell/hear it.

sfwoo
01-03-10, 14:00
The Vision, overlooking Pasir Panjang Terminal and the shipyards off to the West will not have any outlook at any time. More than 900/sqft won't make too much sense unless you like watchin industry, and being close enough to smell/hear it.
Yeah.
Have a friend in Blue Horizon facing Highway, warned me against buying one facing the Highway, the incessant roar of traffic is terrible. Of course, one can put up heavy curtains and aircond on 24/7 to try to dull the din.

JohnTan
01-03-10, 14:26
My guess is more like Tajong Pagar terminals shifted more to Western sides, but the rest in Pasir Panjang & West Coast will stay put after 2017. Too high costs & disruptions to shift everything.

With trade loads expected to increase year on year, my gut feel is all will shift at 2017 to the mega port to free up road congestion and improve the vessels turn around time for unloading and reloading containers for transhipment between the 2 local ports.

stalingrad
01-03-10, 14:45
With trade loads expected to increase year on year, my gut feel is all will shift at 2017 to the mega port to free up road congestion and improve the vessels turn around time for unloading and reloading containers for transhipment between the 2 local ports.

Hope you are right. But if the port is moving, then why is the government building this overpass at the entrance of the port. And, if the port is moving, shouldn't the government start dismantling the ship berths, but instead more berths are being added. a cooler head says you are just dreaming.

JohnTan
01-03-10, 15:17
Hope you are right. But if the port is moving, then why is the government building this overpass at the entrance of the port. And, if the port is moving, shouldn't the government start dismantling the ship berths, but instead more berths are being added. a cooler head says you are just dreaming.

Becuase trade loads are increasing!. 2017 still a 7 years away from now, they need to ease congestion now and plan for handle the expected existing increasing volume, now till then.

Nobody is going to shift 2 ports simultenously, they will stagger it over a few years. Not an inducment to buy vision though unless you plan to hold for 10 years plus for the ports to go.

xiaoyuan
01-03-10, 16:41
Seriously... I don't think the ports would go anywhere in the next 20 years. Although I think the factories around pandan loop might shift out within the next 10 years.

I think the attraction of Vision or living in thr west for that matter is that it's near NUS, Biopolis and Jurong regional center.

Condorich
01-03-10, 17:51
Seriously... I don't think the ports would go anywhere in the next 20 years. Although I think the factories around pandan loop might shift out within the next 10 years.

I think the attraction of Vision or living in thr west for that matter is that it's near NUS, Biopolis and Jurong regional center.

Yup, and when the ports do move... they are prime condo lands which are new 99 LH... who would want a 20 yr old condo that is visionary to the buyers who bought them to 20 yrs ago. Perhaps they are saved if the new condo land were to be sold at a very very high cost, which results in the baseline pricing of condo to be raised until the visionaries are winners too. Must wait long long though..

Reporter
04-03-10, 09:02
http://www.sph.com.sg/images/logo_st.png
Property launches to go into high gear
Joyce Teo
Property Correspondent
The Straits Times
Thursday, 4 March 2010

http://www.straitstimes.com/STI/STIMEDIA/image/20100303/ST_IMAGES_JTWATER1_8.jpg
Waterscape At Cavenagh: prices average at $1,886 psf

http://www.straitstimes.com/STI/STIMEDIA/image/20100303/ST_IMAGES_JTWATER2.jpg
Aalto: prices start from $2,000 psf

Developers are gearing up to launch more projects - especially prime ones - into a thriving property market driven by confident buyers keen to splash out on the back of the improving economy and a low interest rate environment.

The Government's anti-speculation moves last month are having little effect on genuine home hunters, who have ever wider real estate options.

Potential buyers will certainly have no lack of choices when it comes to new launches this month with 'easily half a dozen launches' coming up, said CB Richard Ellis (CBRE) executive director of residential services Joseph Tan.

Mass-market projects have been setting the pace for months but prime developments, which began inching back into the market late last year, are becoming more prevalent.

A CBRE Research report yesterday said that Singapore's luxury residential market is expected to make a strong rebound.

It noted that new luxury projects recorded launch prices of between $2,500 psf and $3,400 psf in the 4th quarter of last year.

This beats the $2,100 psf to $2,700 psf range achieved at the end of 2008, demonstrating a strong turnaround, it said.

In January and February, 88 units of CapitaLand's prime Urban Suites were sold at $2,500 psf on average while about 35 units of The Laurels in Cairnhill Road went at $2,500 psf to $2,900 psf, it said.

The launches coming up on the weekend include the Hiap Hoe Group prime estate Waterscape At Cavenagh, and Hong Leong Holdings' Aalto.

The Waterscape At Cavenagh will house 200 1- to 4-bedroom units and penthouses ranging from 581 sqft to 2,992 sqft. Prices at this weekend's launch will average about $1,886 psf.

Hiap Hoe gave a preview of the project in late November and sold just 3 units at a median price of $1,909 psf. Another 5 units were sold in December. But this year it has sold 88 units, with the bulk transacted over the weekend after Chinese New Year, from $1,715 psf to $2,020 psf or $1.03 million to $3.15 million.

This weekend will also see Hong Leong Holdings release 60 high-floor units at the freehold 196-unit Aalto in Meyer Road. Prices will start from $2,000 psf.

A handful of lower-floor units are also available, from $1,500 psf. Absolute pricing ranges from $3.1 million for a 1,442 sqft 3-bedder to $5.3 million for a 1,959 sqft 4-bedroom unit.

The Aalto was first released in 2007 with units selling for around $1,950 psf. It was then launched in January 2008.

One unit was sold in January this year at $2,011 psf, leaving 78 unsold units in the condo, which will receive its temporary occupation permit in September.

A Hong Leong Holdings spokesman said: 'We have maintained the original selling price of the Aalto in light of premium value and location.'

Next weekend, buyers can look forward to Cheung Kong Holdings' The Vision in West Coast Crescent, The Laurels and Tiong Aik's Coralis in Joo Chiat Road. The Vision, a 99-year leasehold condo, is said to be priced about $1,100 psf.

Coralis is a freehold condo featuring 1-bedders as small as 495 sqft and penthouses of up to 3,089 sqft. Indicative pricing is from $1,350 psf to $1,550 psf.

The pace will quicken over the next 2 to 3 months with possible launches including 76 Shenton Way, Seascape and Residences at W in Sentosa Cove, The Waterline on the former Toho Gardens site in Yio Chu Kang, UOL Group's Dakota Crescent project, and Starlight Suites in River Valley Close.

CBRE Research said the luxury projects Ardmore 3 and those on the sites of the old Grangeford, Hillcourt and Parisian estates are likely to be marketed in the first half of the year. Prices and rents of luxury properties are expected to rise by 10% to 15% and 5% to 10% respectively this year.

Overall, prices will continue to rise but at a much less frenetic pace, said Mr Tan. 'If you look at the recent land tenders, there's a certain replacement cost that developers need to look at. Some developers may want to put a forward price on their projects now as they don't want to run out of their landbank too quickly.'

Snail
04-03-10, 15:45
Becuase trade loads are increasing!. 2017 still a 7 years away from now, they need to ease congestion now and plan for handle the expected existing increasing volume, now till then.

Nobody is going to shift 2 ports simultenously, they will stagger it over a few years. Not an inducment to buy vision though unless you plan to hold for 10 years plus for the ports to go.


Remember that the bulk of Singapore's numbers are only in transit, neither import or export so actual truck volume would not increase so much even if Singapore itself doubles output.

We have just gone through a year where volume dropped around 30% regardless of what numbers you read. At a 5% increase per year you can work out it how long it will take only to get back up to the volumes of 2008 and our ports have more than enough capacity to handle all that.

And all the while, they are reclaiming land just East of Pasir Panjang for the next terminal!

wesing
08-03-10, 10:27
I have recently completed a research paper on the Ports of Singapore for my Master degree in NUS. The construction of Pasir Panjang MEGA Container Terminal (which started land-reclamation in the early 1990s) is divided into 4 phases over 30 years.

Only phase 2 is completed so far and land reclamation work is being done slowly for phase 3 due to the economic downturn which impact drastically container throughput.

So, when it is about 2020, Pasir Panjang Mega Container Terminal will only be fully operational. It will probably handle more container traffic as by then Tanjong Pagar Terminal would have closed and Tuas terminal will still be under construction.

Dun expect the govt to write-off the entire mega terminal in 2020. Tanjong Paga terminal served Singapore from 1972 till probably 2020 ie about 50 years. So I think Pasir Panjang container port will be around at least until 2070!

Allthepies
08-03-10, 11:48
Dun expect the govt to write-off the entire mega terminal in 2020. Tanjong Paga terminal served Singapore from 1972 till probably 2020 ie about 50 years. So I think Pasir Panjang container port will be around at least until 2070!

Thanks for sharing. So those who bought into this area thinking the port will be shifted have to wait till 2070! :scared-4:

xiaoyuan
08-03-10, 12:53
Actually, I don't think the ports in Tanjiong Pagar are going anywhere too. Why is everyone getting so excited over recommendation? Guys, shifting a port ost billions of dollars. In the case of TP ports, probably 100s of billions.

Anyway, ports or not, the value of land I think is still going up I'm the west.

There's a bloomberg report that says they are attracting hedge funds to operate at one north area. Financial district for alternative investments in the west? =D

Snail
08-03-10, 14:58
Actually, I don't think the ports in Tanjiong Pagar are going anywhere too. Why is everyone getting so excited over recommendation? Guys, shifting a port ost billions of dollars. In the case of TP ports, probably 100s of billions.



Tanjong Pagar, Keppel and Brani sit on the primest of prime land. So, there will be huge amounts of decontamination to be done after closure but moving this "industry" away from downtown is key in the long term prosperity of the city.

These terminals are getting older and older and it won't be long before they have past their useful life, costing more in upkeep than investing in new ones. The machinery cannot be maintained forever.


wesing: interesting......brings me further up to speed as well, thanks.

Condorich
08-03-10, 15:15
It will go for sure.. just when.

No need to Decontaminate.. its not that they have nuclear waste or something.. maybe small oils spills here and there..

The wait could be a generation or two or more or almost immediate if the planners want them to be immediate. Have a bet.

stalingrad
08-03-10, 15:23
It will go for sure.. just when.

No need to Decontaminate.. its not that they have nuclear waste or something.. maybe small oils spills here and there..

The wait could be a generation or two or more or almost immediate if the planners want them to be immediate. Have a bet.

Anything is possible, if course. the fact they are expanding the port rather than shrinking it makes it a child's play to guess that the planners intend to keep the port running for many many years to come.

Snail
08-03-10, 15:27
It will go for sure.. just when.

No need to Decontaminate.. its not that they have nuclear waste or something.. maybe small oils spills here and there..



You have to look at the old Kai Tak airport in Hong Kong for what i mean about decontamination. Whilst there was not much physical waste to speak of it took a long time to clear the way for redevelopment.

There was a lot of nasty chemicals and stuff, and toxic sludge just off the sides so it would be the same with the older port berths here.

wesing
08-03-10, 16:11
Tanjong Pagar will be the first to go since the lease will be up soon. There are already much talk on redeveloping this area and that prime office area will be relocated there eventually from Shenton Way.

As for nearby Keppel (started operation in the 80s) and Brani (operational in the early 90s), these 2 terminals are newer and probably their initial construction costs will not be fully depreciated in the short run. It takes billions to construct the port terminals and also dredging to maintain appropriate depth for the huge container vessels to berth. So I expect PSA to continue running them at least for another 20 years. There is no pressing demand to re-use the land there anyway.

Phase 3 & 4 of Pasir Panjang Terminal will probably create the capacity to handle the container volume from Tanjong Pagar. So when Pasir Panjang is fully operational in 2020 with phase 3 & 4 completed, Tanjong Pagar will definitely close by then.

In my opinion, the current study on the feasibility of constructing a future container terminal in Tuas is more to replace Keppel and Brani in may be 2030-2050.

xiaoyuan
08-03-10, 17:54
Tanjong Pagar, Keppel and Brani sit on the primest of prime land. So, there will be huge amounts of decontamination to be done after closure but moving this "industry" away from downtown is key in the long term prosperity of the city.

These terminals are getting older and older and it won't be long before they have past their useful life, costing more in upkeep than investing in new ones. The machinery cannot be maintained forever.


wesing: interesting......brings me further up to speed as well, thanks.

I don't think HK or NY has shifted their ports? They are on valuable land too...

Anyway, I don't think distance to ports has any implications on property value. Otherwise, Pasir Panjiang area would not be selling at current price levels now. =)

Snail
08-03-10, 18:08
I don't think HK or NY has shifted their ports? They are on valuable land too...



Actually it might not be too long before HK also considers moving some of its terminals from the Kwai Chung area.....especially after building the new bridge that limits the size of vessels that can enter the harbour.

They can consider moving spase to Lantau Island and there is talk alive yet that T10 is continuing in their plans. It is the shift from "city" ports to outlaying areas following the general trend of airports worldwide. Also consider that the owners of the bulk of HK terminals are also major investors and owners of ports in Southern China....Shenzhen, Chiwan etc. and this would be similar to PSA buying PTP in JB.

Stranger things have happened.

azeoprop
10-03-10, 19:10
So confirm the preview this coming weekend? :beats-me-man:

East Coast Boy
10-03-10, 19:36
Just heard that Horizon in Pasir Panjang will be launching at more than 1500psf ! I banged my head for not grabbing a unit in Maylea

Is this true ??? :doh: :doh: :doh:

Reporter
10-03-10, 21:20
http://sg.yimg.com/i/sg/providers/cnalogo4.gif
Cheung Kong launching luxury condominium at West Coast
Ryan Huang
Channel NewsAsia
Wednesday, 10 March 2010, 2142 hrs

http://www.channelnewsasia.com/imagegallery/store/php0o69v2.jpg

Hong Kong property giant Cheung Kong is launching a luxury condominium at West Coast.

It is hoping to ride on the bright outlook for the high-end residential property segment, with an expected pickup in the leasing market and demand from expatriates.

This latest project by Cheung Kong promises to stand out from neighbouring developments.

When completed, the waterfront condominium will be the only luxury residence in the area. And it will comprise an unusual mix of strata terrace homes and apartment units.

Cheung Kong is optimistic the project will attract interest.

Cannas Ho, sales manager, Cheung Kong, said: "We see this need and demand for high-end residences in this area. And also, there are new developments coming up, just like Sentosa Resorts World, which is just 10 minutes drive from our site, and also there will be a new commercial hub called One North nearby, and there are lot of international companies, IT companies.

"The leasing market is very strong in this area. There will also be the new Circle Line station just around, and this also further enhances the leasing value of this property."

While small-sized units are popular among investors, they will not be found at The Vision. Cheung Kong has opted for relatively larger units with 3- to 5-bedrooms.

Some analysts said this may make it less attractive to investors.

Colin Tan, Head of Research and Consultancy, Chesterton Suntec International, said: "The market now is dominated by investors, so if your project is tailored towards investors, you will do well. In this market, I wouldn't say the price is too much of a hurdle, but maybe the unit sizes.

"Normally for developers who are aiming at the investors market, they tend to make the unit smaller. In this case, these units are a bit larger than the usual sizes, so that may pose a problem for some investors. Investors generally tend to prefer smaller projects, because they feel that it is easier to flip over."

The Vision is sold on a 99-year leasehold and will be initially priced at about S$1,000 psf to S$1,200 psf.

The strata terraces will be sold on a "best offer" basis from interested parties.

The first phase of some 100 units will be launched this Friday, and completion is scheduled for 2015.

Reporter
10-03-10, 21:22
Just heard that Horizon in Pasir Panjang will be launching at more than 1500psf ! I banged my head for not grabbing a unit in Maylea

Is this true ??? :doh: :doh: :doh:
Compared with Horizon's $1,500 psf, The Vision seems cheap now.

azeoprop
10-03-10, 22:05
Compared with Horizon's $1,500 psf, The Vision seems cheap now.

Most probably this price is valid for the first 10 floors only....:rolleyes:

Lucas
10-03-10, 22:45
This evening I dont see agents lining West Coast Cresent anymore:spliff:

proud owner
10-03-10, 22:50
Yup, and when the ports do move... they are prime condo lands which are new 99 LH... who would want a 20 yr old condo that is visionary to the buyers who bought them to 20 yrs ago. Perhaps they are saved if the new condo land were to be sold at a very very high cost, which results in the baseline pricing of condo to be raised until the visionaries are winners too. Must wait long long though..


agree

the same argument goes to that Altez ? at tanjong pagar ...selling at a future price ... one where Keppel is no longer where it is now ... which would be say another 15-20 yrs ?

jlrx
11-03-10, 00:39
Yup, and when the ports do move... they are prime condo lands which are new 99 LH... who would want a 20 yr old condo that is visionary to the buyers who bought them to 20 yrs ago. Perhaps they are saved if the new condo land were to be sold at a very very high cost, which results in the baseline pricing of condo to be raised until the visionaries are winners too. Must wait long long though..

Congratulations! :cheers1:

You have seen the light http://www.carbonlogic.co.uk/track/artwork/5417/thumb/bright-light-16250.jpg in Propertism - the belief that property prices will always go up in the long term, simply because paper money will lose all its value.

Let me help all here to visualise a future post appearing in CONDOSingapore.com ...


http://www.theedgesingapore.com/images/logo_s.png
Prices of The Vision cross $6000psf on 'PSA-Centro-effect'
The Edge
5 October 2059

There’s been a spurt in sales at The Vision in West Coast recently with prices crossing $6000 psf.

Owners who sold recently are taking advantage of the “PSA-Centro-effect”, caused by the launch of giant property developer Far East Organization’s 329-unit PSA-Centro Residences in West Coast Road.

Units there have been sold at an average of $11,790 psf from its launch in August to Sept 11, according to figures from URA Realis.

Far East had successfully tendered for this plot of land in 2056 for $5,000 psf ppr, after the PSA vacated the port and shifted to Tuas.

Reporter
11-03-10, 09:02
Congratulations! :cheers1:

You have seen the light http://www.carbonlogic.co.uk/track/artwork/5417/thumb/bright-light-16250.jpg in Propertism - the belief that property prices will always go up in the long term, simply because paper money will lose all its value.

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Prices of The Vision cross $6000psf on 'PSA-Centro-effect'
The Edge
5 October 2059

There’s been a spurt in sales at The Vision in West Coast recently with prices crossing $6000 psf.

Owners who sold recently are taking advantage of the “PSA-Centro-effect”, caused by the launch of giant property developer Far East Organization’s 329-unit PSA-Centro Residences in West Coast Road.

Units there have been sold at an average of $11,790 psf from its launch in August to Sept 11, according to figures from URA Realis.

Far East had successfully tendered for this plot of land in 2056 for $5,000 psf ppr, after the PSA vacated the port and shifted to Tuas.
Err ... will this forum still be around for my grandson to participate? :spliff:

Property_Owner
11-03-10, 09:08
luxury or crap finishing does not warrant e price factor of the property. why don't launch Ardmore 4 @ Woodlands and sells 2000psf.

At e end of e day, still location.

pearly
11-03-10, 11:14
Just heard that Horizon in Pasir Panjang will be launching at more than 1500psf ! I banged my head for not grabbing a unit in Maylea

Is this true ??? :doh: :doh: :doh:

Haven launched yet though. and its by FEO. so pricing tentatively on the higher end.

stalingrad
11-03-10, 11:27
luxury or crap finishing does not warrant e price factor of the property. why don't launch Ardmore 4 @ Woodlands and sells 2000psf.

At e end of e day, still location.

Location is excellent. 10 minutes to vivocity and 20 minutes to raffles place.

The only thing bad is that it is right next to the highway. and the view is marred by all those cranes in the harbour.

august
11-03-10, 11:37
for me my definition of excellent location is CCR ~~

amk
11-03-10, 11:50
luxury or crap finishing does not warrant e price factor of the property. .
hey nowadays, S$1000 psf *IS* the mass market pricing ;)

In HK, HK$5500 is the price for Yuen Long. You know how far it is ? Compared with that, Vision's location is considered "RCR" already :D

Property_Owner
11-03-10, 12:04
Location is excellent. 10 minutes to vivocity and 20 minutes to raffles place.

The only thing bad is that it is right next to the highway. and the view is marred by all those cranes in the harbour.

My refection is 5 mins away(on foot) to vivocity, MBR is 2 mins(on foot) away from Sands.

Reporter
11-03-10, 13:12
i guess horizon is refering to Far East project: Horizon Residences, close to the recently launched Parc Imperial:
(Picture attached)

Is this the Horizon?

maisonjai
11-03-10, 21:45
this is damn scary, land cost $305psf according to ST, yet launching at $1k-1.2kpsf if this is a sold out proj. then will other developers follow the lead & increase their appetite for margins? If they managed to pull it off then get ready for HK prices in Sg. Let's see whether ppl will bite this 'high-end' in the west. What an exciting week ahead, is HK developer smarter or are we fools? :spliff2:

The Vision - dont know it's Sunrise or Sunset view...haha :spliff:

teddybear
11-03-10, 22:19
Since they are "selling" this as a "high-end" project, wonder whether their construction costs will also be "high-end"? (May be >$600 psf?)


this is damn scary, land cost $305psf according to ST, yet launching at $1k-1.2kpsf if this is a sold out proj. then will other developers follow the lead & increase their appetite for margins? If they managed to pull it off then get ready for HK prices in Sg. Let's see whether ppl will bite this 'high-end' in the west. What an exciting week ahead, is HK developer smarter or are we fools? :spliff2:

The Vision - dont know it's Sunrise or Sunset view...haha :spliff:

sfwoo
12-03-10, 07:59
this is damn scary, land cost $305psf according to ST, yet launching at $1k-1.2kpsf if this is a sold out proj. then will other developers follow the lead & increase their appetite for margins? :spliff:
Yeah man, after I read how little they paid for the land, and how much they are charging for 99 yrs leasehold...confirmed showroom I also don't want to go and see.

maisonjai
12-03-10, 10:43
Since they are "selling" this as a "high-end" project, wonder whether their construction costs will also be "high-end"? (May be >$600 psf?)

wonder if there is any italian marble at all, sanitary fittings dont cost much...as what some are asking, if land cost is cheap will they still sell high? This proj answers to that......more GLS will only increase developers bottom line....no wonder quite a number of Forbes chinese rich list are HK developers. They really Huat Ah.

maisonjai
12-03-10, 10:48
Yeah man, after I read how little they paid for the land, and how much they are charging for 99 yrs leasehold...confirmed showroom I also don't want to go and see.

must see, must see, otherwise we got no Vision...i am curious to know what is HK's definition/vision of high-end @ west or are they trying to pull a fast one....:D

sfwoo
12-03-10, 10:54
must see, must see, otherwise we got no Vision...i am curious to know what is HK's definition/vision of high-end @ west or are they trying to pull a fast one....:D

Showroom standard not equal to actual unit finish.
Showroom, everything tip top one.
But no guarantee your unit will be like that.

I ever heard of people takeover keys, go and paste masking tape all over the shop to highlight defects that needed rectification.

jwong71
12-03-10, 10:56
Yeah man, after I read how little they paid for the land, and how much they are charging for 99 yrs leasehold...confirmed showroom I also don't want to go and see.

Which businessman doing business,not for profits money..?
Willing seller,happy buyer.

If to you is little money they paid for the land.. U can be a developer and buy other plot of land and get stuck with money in it.. And price it at a your "reasonable" price to the buyers.

azeoprop
12-03-10, 14:41
Went to view today, sales is quite good, looking at the board about 1/2 of those released units were sold when I was there this morning.

The cheapest is of course the small 2 bedder type A3 #03-03 818sqft, after 5% early bird discount is $809400. Same stack #15-03 is $879400.

3 bedder, #06-06 is 1.34mil, #02-06 is 1.236mil, both 1302sqft.

Finishing is good with marble everywhere, 3 bedders come with those special rain showers and the bathroom comes with hanging crystals as decor. Everything is included in the kitchen including the fridge.

:)

saab
12-03-10, 14:54
Went to view today, sales is quite good, looking at the board about 1/2 of those released units were sold when I was there this morning.

The cheapest is of course the small 2 bedder type A3 #03-03 818sqft, after 5% early bird discount is $809400. Same stack #15-03 is $879400.

3 bedder, #06-06 is 1.34mil, #02-06 is 1.236mil, both 1302sqft.

Finishing is good with marble everywhere, 3 bedders come with those special rain showers and the bathroom comes with hanging crystals as decor. Everything is included in the kitchen including the fridge.

:)

So #15 high 2 bdroom = $1075 psf..... not so bad right? If for own stay after comparing closeness to CBD (sentosa and marina)....about 8-10 mins drive away...but others are snatching up altez at around $2000 psf at around #15....i tot quite reasonable lah....

Avatar
12-03-10, 15:35
Went to view today, sales is quite good, looking at the board about 1/2 of those released units were sold when I was there this morning.

The cheapest is of course the small 2 bedder type A3 #03-03 818sqft, after 5% early bird discount is $809400. Same stack #15-03 is $879400.

3 bedder, #06-06 is 1.34mil, #02-06 is 1.236mil, both 1302sqft.

Finishing is good with marble everywhere, 3 bedders come with those special rain showers and the bathroom comes with hanging crystals as decor. Everything is included in the kitchen including the fridge.

:)

Hmm..I wonder who are these buyers...maybe Mr Li's friends supporting him.

Lucas
12-03-10, 15:44
So #15 high 2 bdroom = $1075 psf..... not so bad right? If for own stay after comparing closeness to CBD (sentosa and marina)....about 8-10 mins drive away...but others are snatching up altez at around $2000 psf at around #15....i tot quite reasonable lah....

All higher floors seems above $1k psf.. Wonder how much is the highest floor.

azeoprop
12-03-10, 16:14
All higher floors seems above $1k psf.. Wonder how much is the highest floor.

I also asked about #32-03 829sqft....price after 5% discount is $1065300. :scared-3:

louisebrown
12-03-10, 16:18
CheungKong is famed for exquisite fine finish.

Lucas
12-03-10, 17:41
I also asked about #32-03 829sqft....price after 5% discount is $1065300. :scared-3:

just past by n realize so many agents crowding around than customers

azeoprop
12-03-10, 18:24
http://www.h88.com.sg/article/Exclusive%3A+Sneak+peek+at+The+Vision/

Here's a look at the showroom.

For me, I think this project is overpriced. The mini 2 bedder should be around 700k to 900k to be a more "correct" price.

icer_sun
12-03-10, 20:11
wah, according to the 2nd photo in this h88 link, 70+ already SOLD OUT!
crazy market, crazy people...



quote=azeoprop]http://www.h88.com.sg/article/Exclusive%3A+Sneak+peek+at+The+Vision/

Here's a look at the showroom.

For me, I think this project is overpriced. The mini 2 bedder should be around 700k to 900k to be a more "correct" price.[/quote]

Reporter
12-03-10, 20:52
http://www.h88.com.sg/images/h88_masthead_logo.jpg
Exclusive: Sneak peek at The Vision
H88
Friday, 12 March 2010, 17:50

http://www.h88.com.sg/images/content/2010-03-12/the_vision_model.jpg

The much-awaited West Coast condo - The Vision - has opened it's doors! We have an exclusive sneak peek at the showroom as well as the all important - PRICE!

Well, it wasn't as crowded as Yishun's The Estuary, but units were selling rather well. Just take a look at this (slightly-blurry) chart, most of the top floor units released were already sold. We think there's a bit of a demand for condos in the West.

Sales Chart:
http://www.h88.com.sg/images/content/2010-03-12/the_vision_units_sold.jpg
Lot of red stickers.

The developers - Hong Kong's Cheung Kong Property Development - have decided to play the "lux" card with the finishing (marble floors) and the price (see below), which is quite surprising given that they bought this piece of land at a very low price back in May 2008. Kudos to them for excellent launch timing given the festive-buying climate we have seen in early 2010. The developers are, after all from the land of property - Hong Kong.

Here are some quick condo details:
District: 5
Tenure: 99 years
Estimated TOP: Mid 2013
Floors: 33
Units: 295 total, 2BR (93), 3BR (154), 4BR (32), PH (2), Strata House (14)
Typical Sizes:
2BR (853, 954, 949 sqft)
3BR (1304- 2200 sqft)
4BR (1641 - 2365 sqft)
Penthouse (2773 sqft)
Strata Houses (4467 - 4855 sqft)

Is condo mania here again?

http://www.h88.com.sg/images/content/2010-03-12/the_vision_crowd.jpg

View of from 25th floor of Blk 717 Clementi West St 2 (Facing East):
http://www.h88.com.sg/images/content/2010-03-12/the_vision_view_east.jpg
The Vision site and Blue Horizon in the background.

View from 8th floor of Blk 716 (Facing South):
http://www.h88.com.sg/images/content/2010-03-12/the_vision_view.jpg
West Coast park is the green you see. To your bottom right is the industrial area and the shipyard.

Here's the all important price:

You have heard right. Prices are going for around $1,100 psf on average for the condo units. The landed units are moving at about $600psf.

904sqft 2BR units are selling in the range of $1,120 psf - $1,260 psf, taking the total quantum to just over the $1M mark. A 1,259sqft 3BR is going for about $1,050psf, or about $1.3m.

So that's waaaay past the initial estimate of $750 - 800psf. This is no mass market unit!

Seeing that the developers bought the plot for about $305 psf ppr, they are making a very sizable profit here!

Looking at next door's Blue Horizon (2005, 99-year), URA caveats in Feb 2010 showed prices at an average of $797 psf. The Vision is asking for a good $300 psf more.

First thoughts

This pricing is rather ambitious for a 99-year condo in the West don't you think? IR or no IR, this is neither Caribbean at Keppel Bay nor Reflections at Keppel, this essentially is a condo in Clementi.

Lucas
12-03-10, 21:18
I also asked about #32-03 829sqft....price after 5% discount is $1065300. :scared-3:

:scared-4:
Crazy buyers???

Luxury condominium at West Coast sells out all 100 units reserved for opening sale

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1043248/1/.html

Reporter
12-03-10, 21:26
http://sg.yimg.com/i/sg/providers/cnalogo4.gif
Luxury condominium at West Coast sells out all 100 units reserved for opening sale
Ryan Huang
Channel NewsAsia
Friday, 12 March 2010, 2155 hrs

http://www.channelnewsasia.com/imagegallery/store/php0o69v2.jpg

The luxury seafront condominium The Vision at the West Coast has received good response.

All of the 100 units allocated for its first phase of sale on the opening day of its private preview have been sold.

Prices for the 2-bedroom to 4-bedroom units range from around S$1,000 psf to S$1,200 psf.

All the penthouse units have also been snapped up fetching S$3.6 million each.

The 99-year leasehold condominium by Hong Kong developer Cheung Kong offers a rare mix of strata terraces and 281 apartments.

Nearly half of the 14 strata terrace units were sold with the highest going for S$3.2 million.

Cheung Kong said that over 60% of the buyers were home upgraders while the remaining were long-term investors in the property leasing market.

In view of the strong demand, it will be release 20 specially selected units for sale this weekend on a first-come-first-served basis.

These will comprise 2-bedroom to 4-bedroom units.

azeoprop
12-03-10, 21:26
:scared-4:
Crazy buyers???

Luxury condominium at West Coast sells out all 100 units reserved for opening sale

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1043248/1/.html

Thats not surprising...I was there in the morning and the chart already has alot of "sold out" sticker, then h88 photo shows even more, so by tonight should be all gone. Crazy buyers indeed.:scared-4:

saab
12-03-10, 22:26
Thats not surprising...I was there in the morning and the chart already has alot of "sold out" sticker, then h88 photo shows even more, so by tonight should be all gone. Crazy buyers indeed.:scared-4:

SO FUNNY, before there are still people saying high here high there...and land how much....plus construction how much....blah blah blah....and before even they understand what they saying and the thread get any longer....all 100 units preview gone!!! Aiyo:doh:

Lucas
12-03-10, 22:45
Hmm..I wonder who are these buyers...maybe Mr Li's friends supporting him.

hey reports said that majority are hdb upgraders... Mr Li has hdb friends meh?

jlrx
13-03-10, 01:52
Hmm..I wonder who are these buyers...maybe Mr Li's friends supporting him.hey reports said that majority are hdb upgraders... Mr Li has hdb friends meh?

Mr Li Ka-shing used to be quite poor, selling plastic flowers for a living, maybe these hdb friends are from those days and they come to support him now.

jsh
13-03-10, 04:32
SO FUNNY, before there are still people saying high here high there...and land how much....plus construction how much....blah blah blah....and before even they understand what they saying and the thread get any longer....all 100 units preview gone!!! Aiyo:doh:

People may talk down the development as too expensive , lousy location ,too noisy , lousy view & so forth. But ultimately its the market that decides whether a development is worth buying at that price.

So the sales figures have proven that people find this property worth buying for whatever reasons they think.

proud owner
13-03-10, 04:40
People may talk down the development as too expensive , lousy location ,too noisy , lousy view & so forth. But ultimately its the market that decides whether a development is worth buying at that price.

So the sales figures have proven that people find this property worth buying for whatever reasons they think.

in 2006 i predicted that district 1-5 would catch up with 9 10 11

so far it has proven right .. D1 surpassed 9 10 11 and 3/4/5, esp D4 is doing very well ..

jwong71
13-03-10, 04:44
in 2006 i predicted that district 1-5 would catch up with 9 10 11

so far it has proven right .. D1 surpassed 9 10 11 and 3/4/5, esp D4 is doing very well ..

Isnt there's some upcoming business district in jurong and paya lebar in 2015..?? Perhap the future projection is pushing up prices in the west as well..

proud owner
13-03-10, 04:49
Isnt there's some upcoming business district in jurong and paya lebar in 2015..?? Perhap the future projection is pushing up prices in the west as well..

with or without ... the west has its charm ..

near city .. partial coastal view .. hilly .. LOW PLOT RATIO .. virgin, unexplored ..

singapore is slowly but surely moving away from too much manual activities kind of industries ...

i even believe SHIPPING will eventually disappear completely in singapore .. not immediately but will be .. in my life time

pmet
13-03-10, 05:15
with or without ... the west has its charm ..

near city .. partial coastal view .. hilly .. LOW PLOT RATIO .. virgin, unexplored


Yup, West Coast that is.

Side track abit. Ever stayed at Centris @ Jurong Point before and it was a mess over there. Heavy traffic (buses, lorries, endless honks, noise from MRT) and far from any civilization. If you work in the city and drive, AYE or PIE takes almost 30mins every morning due to the distance and jams outside JP and before the highway. The only good thing there is the mall :beats-me-man:

It's much faster from West Coast to the Lakeside District than from Centris :spliff:

teddybear
13-03-10, 07:42
1 thing for sure - the Jurong Island refineries and chemical manufacturing complexes will not disappear for the next 30 years! (Because of the heavy capital expenditure, these plants once built will have to remain for at least 30 years). The reason why the Western side will never match the price of the central and the East Coast (even though there is a West Coast) are because of the pollutions coming from there.


with or without ... the west has its charm ..

near city .. partial coastal view .. hilly .. LOW PLOT RATIO .. virgin, unexplored ..

singapore is slowly but surely moving away from too much manual activities kind of industries ...

i even believe SHIPPING will eventually disappear completely in singapore .. not immediately but will be .. in my life time

sfwoo
13-03-10, 07:59
I am speechless.
Cos I am one of those who thought sure cannot sell at that price.
Did not know there are so many people who like the West Coast so much.
Blue Horizon can up their asking now.
And so can I.

sfwoo
13-03-10, 08:01
...double post...

Reporter
13-03-10, 08:40
SO FUNNY, before there are still people saying high here high there...and land how much....plus construction how much....blah blah blah....and before even they understand what they saying and the thread get any longer....all 100 units preview gone!!! Aiyo:doh:
People may talk down the development as too expensive , lousy location ,too noisy , lousy view & so forth. But ultimately its the market that decides whether a development is worth buying at that price.

So the sales figures have proven that people find this property worth buying for whatever reasons they think.
Did you see how they whacked The Shore Residences and Estuary?

I almost wanted to tell them off in that 2 related threads. Anyway, I managed to control myself and subtlely hinted them in both threads.

proud owner
13-03-10, 10:32
1 thing for sure - the Jurong Island refineries and chemical manufacturing complexes will not disappear for the next 30 years! (Because of the heavy capital expenditure, these plants once built will have to remain for at least 30 years). .

i posted in the forum before ...

once an industry has no future ..even if a lot of money has been spent on it ... when its time to go, it willl go ..

how much money have we spent on Soo Zhou project ?

in the end what happened ? we still L L 'get the hell out of there' ..

jitkiat
13-03-10, 12:00
At 1200psf, wouldn't resale units at SouthBank, Metropolitan, Citylights (near MRT for the above) or even freehold One Amber a better choice. If want to buy new @ west side can get 99LH Interlace high floor with seaview right? The HDB upgraders there definitely bought too ex.

192 Depot Road #14-24
99 Yrs From 11/02/2009
$964
1744
$1680k
19 Jan 10
222 Depot Road #16-79
99 Yrs From 11/02/2009
$1056
1873
$1977k
18 Jan 10


Anybody with floor plan, is the layout decent?

Avatar
13-03-10, 13:37
hey reports said that majority are hdb upgraders... Mr Li has hdb friends meh?

Haha..ok..I underestimated these hdb upgraders who are keen to pay such prices at this location. Maybe they have some info we are not aware of?

Congrats to all Blue Horizon owners..you can certainly ask for higher price than before..

amk
13-03-10, 13:45
At 1200psf, wouldn't resale units at ....
The most important part of LKS's strategy: low quantum PLUS a false sense of "luxury". Higher PSF never mind. Even at 1k+ psf, a high floor 3bd is barely 1.3M. That's quite affordable for upgraders, and in total sum still cheaper than all the projects you mentioned above. In HK they can even make a 1000 sqft 3bd, and people already accepted it. Sooner or later SG will be like HK, where 1000 sqft 3bd is a norm, and S$1000 psf is mass market.

Reporter
13-03-10, 15:57
Just came back from Vision showroom. Nicely done. Everytime a sale transact the HK announcer will blare over the PA system and all the agents clap clap clap...

But really selling very well. Like hot cakes man!
HongKong announcer: "The Vision at West Coast Crescent is now ...... percent sold!"

Showroom: Clap! Clap! Clap!

Wild Falcon
13-03-10, 16:56
Based on fundamentals, mass market should start converging with prime prices because rental yields is still much higher than prime. Future potential is also higher which means greater upside for capital appreciation. So from both yield + capital appreciation perspective, the suburbs currently will outperform prime condos where all the developments are realised. Fundamentals esp yields, have to take over at some point. At least this project has good size units that are still moving. One should only be worried if the developer starts building 100% mickey mouse units or 2-bedders to keep quantum low and push up PSF = > that is the biggest indicator of bubbly prices as developers themselves are not confident of selling normal units anymore.


The most important part of LKS's strategy: low quantum PLUS a false sense of "luxury". Higher PSF never mind. Even at 1k+ psf, a high floor 3bd is barely 1.3M. That's quite affordable for upgraders, and in total sum still cheaper than all the projects you mentioned above. In HK they can even make a 1000 sqft 3bd, and people already accepted it. Sooner or later SG will be like HK, where 1000 sqft 3bd is a norm, and S$1000 psf is mass market.

stalingrad
13-03-10, 18:14
Just came back from the showflat. Tower 2 has been almost completely sold out. Tower 1, which houses all those 3 bedders, are about 60% sold out.

The cluster houses are more than 50% gone.

I was amazed by how wealthy singaporeans are.:scared-5::scared-4::banghead:

Lucas
13-03-10, 18:28
Just came back from the showflat. Tower 2 has been almost completely sold out. Tower 1, which houses all those 3 bedders, are about 60% sold out.

The cluster houses are more than 50% gone.

I was amazed by how wealthy singaporeans are.:scared-5::scared-4::banghead:

Clap clap clap. 150 units already sold!
The showroom decor n marble floorings are indeed impressive but still can't believe it worth that high, close to $1100 psf for the 2 bedders.
Many aspired to be LKS!!! Banzai :jump-for-joy: :jump-for-joy: :jump-for-joy: :jump-for-joy: :jump-for-joy: :not-worthy: :cool1:

melodies
13-03-10, 20:14
What industry has no future? Some of these companies just completed building their chemical plants in Jurong Island and some planing more new plants. Once these plants are built, they would have to operate for at least 30 years because of the high capital expenditure (which they would have already taken into consideration over 30 years). Anybody who hopes or want to get these heavy industries out of Jurong will have to wait at least another 30 years. :beats-me-man:


i posted in the forum before ...

once an industry has no future ..even if a lot of money has been spent on it ... when its time to go, it willl go ..

how much money have we spent on Soo Zhou project ?

in the end what happened ? we still L L 'get the hell out of there' ..

jlrx
13-03-10, 22:35
Just came back from the showflat. Tower 2 has been almost completely sold out. Tower 1, which houses all those 3 bedders, are about 60% sold out.

The cluster houses are more than 50% gone.

I was amazed by how wealthy singaporeans are.:scared-5::scared-4::banghead:
Clap clap clap. 150 units already sold!
The showroom decor n marble floorings are indeed impressive but still can't believe it worth that high, close to $1100 psf for the 2 bedders.
Many aspired to be LKS!!! Banzai :jump-for-joy: :jump-for-joy: :jump-for-joy: :jump-for-joy: :jump-for-joy: :not-worthy: :cool1:

Despite my faith in the Propertism religion, I am surprised.

It's a strange feeling to see West Coast launched successfully at $1,100 psf.

There seem to be a fountain of buyers that gush out of nowhere, whenever a new condo is launched.

http://www.gifs.net/Animation11/Everything_Else/Fountains/Purple_fountain.gif

dtrax
14-03-10, 00:46
Despite my faith in the Propertism religion, I am surprised.

It's a strange feeling to see West Coast launched successfully at $1,100 psf.

There seem to be a fountain of buyers that gush out of nowhere, whenever a new condo is launched.

http://www.gifs.net/Animation11/Everything_Else/Fountains/Purple_fountain.gif

When buyers start to throng showrooms in herds, they have the tendency to buy with their heart and not their brains. Kudos to LKS for their relentless effort on their ID and superb marble furnishing...i would say judging with the sales result it is akin to glue sniffing, see marble flooring everywhere, one becomes damn high and felt the urge to offer cheque to buy a unit otherwise will regret for life. Surprised to see so many local buyers and onslaught of red army making a killing in this development :eek:

chestnut
14-03-10, 07:27
The selling point was rental. The rental for 2 bdrm at blue horizon is ave 3.4k. That works out to >4% pa after deducting misc for blue horizon. So the target is about 4% as well for vision. ROI works out to be good. So rental in Pasir Panjang area is pretty good. Because plot ration around that area is 1.4 with max height of 5. except for blue horizon and vision, thus fewer condos and less competition. Watch out for horizon residence by FEO.

mcmlxxvi
14-03-10, 09:12
The selling point was rental. The rental for 2 bdrm at blue horizon is ave 3.4k. That works out to >4% pa after deducting misc for blue horizon. So the target is about 4% as well for vision. ROI works out to be good. So rental in Pasir Panjang area is pretty good. Because plot ration around that area is 1.4 with max height of 5. except for blue horizon and vision, thus fewer condos and less competition. Watch out for horizon residence by FEO.

Large mass market condo units don't always offer the most bang for the buck. City Regency high floor 1BR (484sf) was offered rental 2.75k and guess how much it was bought for only < 500k.

Most buyers are not certain whether they are buying for investment or own stay - they think either way is fine. The truth is one can't sit on the fence if he expects to milk the greatest return from his choice.

amk
14-03-10, 12:23
Kudos to LKS for their relentless effort on their ID and superb marble furnishing...
exactly! that's what I said earlier. LKS's marketing strategy is very successful : " sure we are 40% more expensive than Blue Horizon next door. OF COURSE WE ARE, because WE ARE A LUXURY development, yours is NOT". In HK he successfully sold many overpriced projects in areas dominated by relatively cheaper alternatives. The way to do it is to plant that "we are higher class than you" image into the buyers. Hongkongers are very snobbish. So that idea works very well. The same formula seems to be working well here too.

I'm keenly looking forward to his next "high class" development in Upper Thomson road. I want to see what kind of spin he will be doing.

xiaoyuan
14-03-10, 12:32
This just means one thing.

Blue horizon owners would probably increase their selling price 900 and above.

All the properties in the west is going up!! Suddenly 1400psf for
the west area doesn't look too far off.

august
14-03-10, 15:18
exactly! that's what I said earlier. LKS's marketing strategy is very successful : " sure we are 40% more expensive than Blue Horizon next door. OF COURSE WE ARE, because WE ARE A LUXURY development, yours is NOT". In HK he successfully sold many overpriced projects in areas dominated by relatively cheaper alternatives. The way to do it is to plant that "we are higher class than you" image into the buyers. Hongkongers are very snobbish. So that idea works very well. The same formula seems to be working well here too.

I'm keenly looking forward to his next "high class" development in Upper Thomson road. I want to see what kind of spin he will be doing.

but his marina bay suites did not sell expensive leh

Wild Falcon
14-03-10, 15:54
Well, another City Regency unit of 585 sq ft only gets rented at $1,200 per month in Jan-10. The owner bought for $630k - the yield is 1.8%. Most 1 bedder rental market is in the $1k+ range. Do check your facts and numbers. Mass market units fetch higher rental yields generally. You can check actual rental data from SISV.


Large mass market condo units don't always offer the most bang for the buck. City Regency high floor 1BR (484sf) was offered rental 2.75k and guess how much it was bought for only < 500k.

Most buyers are not certain whether they are buying for investment or own stay - they think either way is fine. The truth is one can't sit on the fence if he expects to milk the greatest return from his choice.

jsh
14-03-10, 16:25
Well, another City Regency unit of 585 sq ft only gets rented at $1,200 per month in Jan-10. The owner bought for $630k - the yield is 1.8%. Most 1 bedder rental market is in the $1k+ range. Do check your facts and numbers. Mass market units fetch higher rental yields generally. You can check actual rental data from SISV.

$1200 per month seems rather low for a studio in City Regency. Went to check propertyguru website. Average advertised rate for rent of studio apartment is about $2400 pm.

Can someone verify which figure is correct as the discrepancy is simply too large.

Wild Falcon
14-03-10, 16:29
Why not u go SISV or streetsine? These websites will show the actual transacted rentals - and yes, the studios are only fetching that low a rental. Propertyguru is just asking price for goodness sake - u can also ask whatever u want.


$1200 per month seems rather low for a studio in City Regency. Went to check propertyguru website. Average advertised rate for rent of studio apartment is about $2400 pm.

Can someone verify which figure is correct as the discrepancy is simply too large.

DC33_2008
14-03-10, 16:47
Clap clap clap. 150 units already sold!
The showroom decor n marble floorings are indeed impressive but still can't believe it worth that high, close to $1100 psf for the 2 bedders.
Many aspired to be LKS!!! Banzai :jump-for-joy: :jump-for-joy: :jump-for-joy: :jump-for-joy: :jump-for-joy: :not-worthy: :cool1:

The buyers may be carried away by the high quality finishing. There are no high-rise buildings for them to view the surroundings. Refineries and container ports are in close proximity that they can experience the soot on their glass, windscreen and balcony. Some buildings on the ridge in NUS has a perfect view to these chimneys. It is rather scary with flaring at night.

jitkiat
14-03-10, 18:48
$1200 per month seems rather low for a studio in City Regency. Went to check propertyguru website. Average advertised rate for rent of studio apartment is about $2400 pm.

Can someone verify which figure is correct as the discrepancy is simply too large.

It is true, just check streetsine ... range from 1k to 1272 (Jan 2010) for rental of a City Regency studio. $2400pm can rent 2br Astoria Park @ Kembangan just next to MRT ...or slightly above $3k can get you a 678sqft Citylights near Lavender MRT

teddybear
14-03-10, 19:01
To buy a suburb at $1100 psf and smell the chemicals and gases from Jurong Island and get only 4% yield, might as well buy something like say Amaryllis Ville, current transactions $1100-$1300 psf. If take ave $1200 psf, median rental is about $4.35 psf pm or 4.35% and you get to live in prime D11 and 2 mins by car to Orchard Road, 5 mins to CBD. (This is 1 of the few really undervalued properties in D11 if you look at nearby Lincoln Suites selling $1800-$2200+ psf, L'ViV selling $1900-$2200 psf, Trilight selling $1700-1900 psf... :beats-me-man:)


The selling point was rental. The rental for 2 bdrm at blue horizon is ave 3.4k. That works out to >4% pa after deducting misc for blue horizon. So the target is about 4% as well for vision. ROI works out to be good. So rental in Pasir Panjang area is pretty good. Because plot ration around that area is 1.4 with max height of 5. except for blue horizon and vision, thus fewer condos and less competition. Watch out for horizon residence by FEO.

mcmlxxvi
14-03-10, 22:06
Well, another City Regency unit of 585 sq ft only gets rented at $1,200 per month in Jan-10. The owner bought for $630k - the yield is 1.8%. Most 1 bedder rental market is in the $1k+ range. Do check your facts and numbers. Mass market units fetch higher rental yields generally. You can check actual rental data from SISV.

Sorry bro but my info is first hand and not from SISV. There is no 585sf size in City Regency. Talk about 'check your facts and numbers'. I rest my case, period.

mcmlxxvi
14-03-10, 22:13
It is true, just check streetsine ... range from 1k to 1272 (Jan 2010) for rental of a City Regency studio. $2400pm can rent 2br Astoria Park @ Kembangan just next to MRT ...or slightly above $3k can get you a 678sqft Citylights near Lavender MRT

That's just one case of 'fire rent'. If you look at the graph for the whole year period that is the ultra exception - plus I really doubt it is accurate.

In any case, if you guys insist to refer to inaccurate data, go ahead. Check out the screenshot below of the exact 'SISV' data you referred to. FYI City Regency TOP only in Dec 09. Where are the figures for rent obtained from prior to that - I really wonder. Go figure.

Reporter
15-03-10, 12:04
Yesterday, went to The Vision to investigate and kaypoh a bit...

When I step out of the car, I immediately hear PRC standing outside the showflat talking on his mobile phones... more PRCs were heard in the showflat...

strange thing... all the higher and bigger units gone first... the 4 bedders only left with 2nd and 4th floor and the terrace houses only left with 1 unit...

the agent from Savills told me majority (more than 70%) of buyers are Singaporeans... so many rich Singaporeans around...
Wow! 70%? Bravo!
We have so many rich NSmen to challenge the PLA(Property Liberation Army)'s comrades?

Reporter
15-03-10, 15:09
Well! Congratulations! Your wish has certainly come true.

With a hïgh of $1,246 psf, Residences Botanique has not only set a nëw hïgh for District 19 but has also just joined the OCR $1,200+ psf Club (whose members include Centro Residences, Trevista, Hundred Trees, Meadows @ Pierce, Serangoon Avenue 3 and Upper Thomson Road).



Private Residential Units Sold in the Month of January 2010
Project Name .......... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Residences Botanique . OCR ........ 42 ........................ 32 ......................... 1,246 ........... 1,015 ............ 844

Sorry! My bad!
Glasgow Residence has the honour of setting the nëw hïgh for District 19 with $1,285 psf - not Residences Botanique.


Private Residential Units Sold in the Month of January 2010
Project Name ...... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Glasgow Residence . OCR ....... 6 .......................... 6 ........................... 1,285 ........... 1,219 ........... 959

Please be prepare to vacate the OCR $1,200+ psf Club (whose members include Residences Botanique, Glasgow Residences, The Vision, Centro Residences, Trevista, Hundred Trees, Meadows @ Pierce, Serangoon Avenue 3 and Upper Thomson Road) soon!

We may need to rename it to OCR $1,300+ psf Club soon!

Why? What do you mean by why?
Look!
The nëw hïgh for District 19 is now $1,333 psf - not $1,2xx psf!


Private Residential Units Sold in the Month of February 2010
Project Name .......... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Residences Botanique . OCR ....... 135 ....................... 11 .......................... 1,333 ........... 1,063 ........... 910
I seriously do not understand why some forumers questioned The Vision hitting high of $1,2xx psf!
Is that such a big deal?

Let me ask these forumers 2 questions:
1. Is District-5 The Vision inferior to District-19 Residences Botanique?
2. Why should The Vision's high be lower than Residences Botanique's high of $1,333 psf?

Why?
Why?

kumkeet
15-03-10, 17:12
Anyone knows who did the ID for the showflat? Looks quite nice...

Lucas
15-03-10, 18:10
Anyone knows who did the ID for the showflat? Looks quite nice...

FYI the marble on the walls of all rooms will not be included in the actual unit The showroom decor n finishing somehow deceiving if you don't ask the detail .

bargain hunter
15-03-10, 19:08
wow, normally buyers wouldn't expect marble walls to be included so i hope no one bought thinking that it would.



FYI the marble on the walls of all rooms will not be included in the actual unit The showroom decor n finishing somehow deceiving if you don't ask the detail .

teddybear
15-03-10, 20:25
So The Vision is selling $1200 psf with no marble floor in living and dining rooms, kitchen & bathrooms & bathrooms walls? Wow! RCR price at OCR furnishing?


FYI the marble on the walls of all rooms will not be included in the actual unit The showroom decor n finishing somehow deceiving if you don't ask the detail .

stalingrad
15-03-10, 20:33
FYI the marble on the walls of all rooms will not be included in the actual unit The showroom decor n finishing somehow deceiving if you don't ask the detail .

The sale brochure says that the floors are made of "selected stones." huh?

sfwoo
15-03-10, 20:51
... Some buildings on the ridge in NUS has a perfect view to these chimneys. It is rather scary with flaring at night.

The flaring is quite pretty.

What is dangerous are the particles too small to see.

Lucas
15-03-10, 20:52
The sale brochure says that the floors are made of "selected stones." huh?
Hey interesting... I just looked at my copy of brochure n noticed the description for the flooring is overlayed by a label saying "Selected stones". When I peeled that label off it was printed "tiles"!!!
Now I m wondering if LKS strategy of luxury brand was a last minute inclusion...

sfwoo
15-03-10, 20:53
Of the villas only one left.
The condo sold 225 units out of 280(?).
And I thought CK would not be able to pull it off.

sfwoo
15-03-10, 20:55
Hey interesting... I just looked at my copy of brochure n noticed the description for the flooring is overlayed by a label saying "Selected stones". When I peeled that label off it was printed "tiles"!!!
Now I m wondering if LKS strategy of luxury brand was a last minute inclusion...

Stones, hmmm...got many types...I wonder what type of "stone" the buyers finally get to walk on?

stalingrad
15-03-10, 21:22
Stones, hmmm...got many types...I wonder what type of "stone" the buyers finally get to walk on?
kidney stones

or gemstones?

Lucas
15-03-10, 21:26
kidney stones

or gemstones?

sparkling stones in the showroom's kitchen very impressive though

kumkeet
15-03-10, 22:05
FYI the marble on the walls of all rooms will not be included in the actual unit The showroom decor n finishing somehow deceiving if you don't ask the detail .

thanks. Anyone know which ID they use for the showflat?

2824
15-03-10, 22:05
The results speak for themselves. Throw in some stones and buyers are sold, as the location is not something to shout about.

This would allow them to price their Thomson condo, which they bid @ $500+ at similar pricing with acomfortable level. All in all, i would say a good thing for the market as it adds another dimension, not just location.

proud owner
15-03-10, 23:53
Hey interesting... I just looked at my copy of brochure n noticed the description for the flooring is overlayed by a label saying "Selected stones". When I peeled that label off it was printed "tiles"!!!
Now I m wondering if LKS strategy of luxury brand was a last minute inclusion...

in an interview in the paper ..it is said that they throw in HIGH END stuff ... i presume its Grohe shower head, sink faucet etc

but seriously people .. when you order in BULK .. they are cheap ..

i did my house and still got 20 pct disc for those stuff ..

how about a developer ? who orders say 100 units of each item .. ? its cheap ..

Property_Owner
16-03-10, 10:58
in an interview in the paper ..it is said that they throw in HIGH END stuff ... i presume its Grohe shower head, sink faucet etc

but seriously people .. when you order in BULK .. they are cheap ..

i did my house and still got 20 pct disc for those stuff ..

how about a developer ? who orders say 100 units of each item .. ? its cheap ..

As I feel, finishing is something you can always change. I can do renovation every year if I like. Location is something you can never ever change. Unless like this http://www.youtube.com/watch?v=ts5uLUXeHqY

jdm
16-03-10, 19:11
It is true, just check streetsine ... range from 1k to 1272 (Jan 2010) for rental of a City Regency studio. $2400pm can rent 2br Astoria Park @ Kembangan just next to MRT ...or slightly above $3k can get you a 678sqft Citylights near Lavender MRT


If you had read streetsine carefully you would have noticed that there is a * next to which means these are estimates from all projects along the same street. Basically there is NO date yet. It's even got rentals for Vetro and Airstream and they're not even completed yet. 1,200 is WAY WAY too low.

maisonjai
16-03-10, 23:30
in an interview in the paper ..it is said that they throw in HIGH END stuff ... i presume its Grohe shower head, sink faucet etc ..

HANSA shower head.
Appliances SMEG :o


Hey interesting... I just looked at my copy of brochure n noticed the description for the flooring is overlayed by a label saying &quot;Selected stones&quot;. When I peeled that label off it was printed &quot;tiles&quot;!!!
Now I m wondering if LKS strategy of luxury brand was a last minute inclusion...

my brochure no sticker leh, 'Typical Units in Towers-Selected tiles' 'PH & Terrace Units-Selected stones'.. :scared-5: got sticker & no sticker makes a big difference here, better confirm with ur agent if buying a tower unit.

Bling bling everywhere, ID makes u feel u are at ION Orchard....ID is nice if u like the rich feel...except the bathrooms tiles, too retro. Entrance of both show units' walls are armour clad with stones, kilat kilat.

proud owner
16-03-10, 23:40
As I feel, finishing is something you can always change. I can do renovation every year if I like. Location is something you can never ever change. Unless like this http://www.youtube.com/watch?v=ts5uLUXeHqY

precisely ..

so all those stuff they throw in ..bet they get a good discount for bulk purchase .. .

with or without .. still doesnt add up to 1200 psf ..

can only say they are many rich people with no where to throw their money

Property_Owner
16-03-10, 23:54
precisely ..

so all those stuff they throw in ..bet they get a good discount for bulk purchase .. .

with or without .. still doesnt add up to 1200 psf ..

can only say they are many rich people with no where to throw their money

Tat's why. Why not launch Ardmore 4 @ woodland and launch it 3000psf. Thrown in gold taps, italian marble......you name it they do it.

Reporter
17-03-10, 00:43
So The Vision is selling $1200 psf with no marble floor in living and dining rooms, kitchen & bathrooms & bathrooms walls? Wow! RCR price at OCR furnishing?
Can we say $1,2xx psf is cheap for The Vision?

If The Estuary in "ulu" Yishun with "not-so-luxurious" fittings can do $9xx psf, what is $1,2xx psf for "super-luxurious" The Vision?

Agree?

Oh my god!
The Estuary starts with a hïgh of $921 psf!
What was it thinking?
It wants to join the OCR $1,000+ psf Club?


Private Residential Units Sold in the Month of February 2010
Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
The Estuary ..... OCR ....... 386 ....................... 386 ........................ 921 ............. 757 .............. 633

stalingrad
18-03-10, 16:25
looks like interest in the Vision has died down in this forum.

does any one have an update? Has the project sold out?

sfwoo
21-03-10, 10:38
Watching to see what sub-sales can achieve.
To make the effort worth it, people will want to sell at $1200-$1400 psf.
Achievable?
I think not.
But, of course, I may be proven wrong.
Wait and see.

cher
21-03-10, 11:47
Watching to see what sub-sales can achieve.
To make the effort worth it, people will want to sell at $1200-$1400 psf.
Achievable?
I think not.
But, of course, I may be proven wrong.
Wait and see.


Why not? If the west coast area is going to be develop in the future. Give it at least 1 yr i think can be achieve of course not in 3 months time:)

teddybear
21-03-10, 14:40
Don't understand why some properties in D5 with homogeneous tiles and no-name sanitary wares, taps, and cheap-skate appliances etc can commend even $1200 psf? (let alone more than that?).


Why not? If the west coast area is going to be develop in the future. Give it at least 1 yr i think can be achieve of course not in 3 months time:)

chestnut
21-03-10, 17:40
Don't understand why some properties in D5 with homogeneous tiles and no-name sanitary wares, taps, and cheap-skate appliances etc can commend even $1200 psf? (let alone more than that?).

because your mind is close. you have already drawn a conclusion. what you see as poision, others see as meat.

amk
21-03-10, 20:51
looks like interest in the Vision has died down in this forum.

does any one have an update? Has the project sold out?
when I visited last Sat (20 Mar), most of the released units are sold. left a few low floor 4bd and some 2bds. surprisingly the top floor 2bds have no takers. there is one entire stack of 3bd not launched. and that's the worst stack. houses all sold except 2 units. so by and large, a very successful project. impressive LKS!

the 4bd showflat has the most misleading floor marbles. That marble in the show flat is the huge 1200x1200 textured marble. what's given, as mentioned in the brochure, is "Tiles". Well at least the agent is not dishonest when I ask her if that marble is given ("No that's ID"). The thing is you have to ask every single finishing and ask if it's ID or given. This kind of defeats the purpose of showflat. Floor is one of the most important thing you look at a show flat. I think this is the 1st time I see floor marbles in showflat "are ID only".

amk
21-03-10, 20:53
no-name sanitary wares, taps...
let's be fair to LKS lah, Hansa is not no-name brand .
I was actually expecting a builtin sub-zero fridge :cool: but well, it wasn't luxurious enough :D

TOP
21-03-10, 21:40
when I visited last Sat (20 Mar), most of the released units are sold. left a few low floor 4bd and some 2bds. surprisingly the top floor 2bds have no takers. there is one entire stack of 3bd not launched. and that's the worst stack. houses all sold except 2 units. so by and large, a very successful project. impressive LKS!

the 4bd showflat has the most misleading floor marbles. That marble in the show flat is the huge 1200x1200 textured marble. what's given, as mentioned in the brochure, is "Tiles". Well at least the agent is not dishonest when I ask her if that marble is given ("No that's ID"). The thing is you have to ask every single finishing and ask if it's ID or given. This kind of defeats the purpose of showflat. Floor is one of the most important thing you look at a show flat. I think this is the 1st time I see floor marbles in showflat "are ID only".

I was there too, I knew about the tile thing from reading this post but purposely asked the agent whether the marble as shown is given, he replied "yes, it is Italian". I am not sure how many units sold by this guy and buyers are "expecting" the beautiful Italian marble when collecting keys...

gohsoonk
21-03-10, 21:56
Correct. It should be what you see if what you get...(does not include the "accessories"). That is the purpose of the showflat.


The thing is you have to ask every single finishing and ask if it's ID or given. This kind of defeats the purpose of showflat. Floor is one of the most important thing you look at a show flat. I think this is the 1st time I see floor marbles in showflat "are ID only".

jwong71
21-03-10, 22:34
Watching to see what sub-sales can achieve.
To make the effort worth it, people will want to sell at $1200-$1400 psf.
Achievable?
I think not.
But, of course, I may be proven wrong.
Wait and see.

Wad subsale.? Speculators wont touch at high psf for the location,for flipping. Most are home stay buyers.

Even if they are sitting on negative sale. They just stay put, bcoz their obejctive is to stay.

Can speculator stomach the risk to buy 1100psf at the west for flipping.?

jwong71
21-03-10, 22:54
Wad subsale.? Speculators wont touch at high psf for the location,for flipping. Most are home stay buyers.

Even if they are sitting on negative sale. They just stay put, bcoz their obejctive is to stay.

Can speculator stomach the risk to buy 1100psf at the west for flipping.?

Typo,shld be.. Which siao kia wanna touch the project and try to flip 1200-1400psf,when they purchase at 1100psf..? For this location.
Are they blind to see the upside,or downside for flipping at such psf.?

teddybear
21-03-10, 22:55
Pay $1200 psf for homogeneous tiles everywhere in the house in D5 facing the polluted port and pollution from Jurong Island?

Might as well pay $1200 psf for Cube 8 and you get marbles on the floors in the living room, dinning room, kitchen and Master bathroom and also marbles on the walls from floor to ceiling in the Master Bathroom!

How much can those Hansa taps and shower system costs vs replacing with these marbles?


because your mind is close. you have already drawn a conclusion. what you see as poision, others see as meat.

Laguna
22-03-10, 06:18
I was at the show flats yesterday and very surprised to see the huge crowd despite of the rain.

1. Location : very inconvenient, cannot find market / shopping areas to settle the daily needs
2. Misrepresented showflats : The ID work is terribly misleading. What a good gesture from the developer to have "Crystal" light in the bathroom? I called the crystal as glass. The marble is a truly misrepresentation.
3. The taste of the wallrobe : with that odd type of colour skin, how is one going to design the bedrooms?
4. Site plan : the road around the estate is a very cheap design, why the basement carpark is not entrance at the gate and still there are some carparks at the ground level.
5. Finish quality of the LKS's project : take a good look of the past project, hopefully, this one is not a repeat of the past.
6. The view is nothing great to shut about, containing area, air is of sub-quality

Squall8888
22-03-10, 10:38
Well, I went down but I have a different opinion though.

The finishing is good but doesn’t justify its price tag. Don’t forget, a suburban is always a suburban.
For its 2 bedroom, nice layout. Not much space wasted as compared to some other developments.
IMO, no view. Those who say is seaview do not know what is seaview.
Containers are a big turn off in front of your condo and not forgetting the pollution from the tankers.
Easy supper. 24 hours mac just opposite and 24 hours prata shops within walking distance.
Near to AYE but sad to say, no where near the MRT which I was told by the agent. In fact, they shouldn’t even use the word near to MRT. There is NO MRT around.
Upside potential if the port in front is redeveloped but have to take note that Punggol 21 has been announced for more than 10 years but still nothing yet.
Quiet estate which I prefer but it means not much amenities around.

I guess it caters for different market.

Lucas
22-03-10, 11:24
Agree. It is for different market.
The surrounding in West Coast Area is a vast contrast from Clement town and you cab walk to the west coast park to jog or watch sunset in the evening or Sort of layback lifestyle.Nevermind if no mrt because most familiea there would have car/s.

That's is probably why condo like Varsity park, Blue Horizon, Stellar and soon Clementiwoods are attracting many expats and locals to stay. They must have like the convenience.. If not they will not be paying high rent or price for their unit, right?

stalingrad
22-03-10, 11:47
I don't know why people keep saying the west coast area is no good, because of jurong island.

how about pulau bukom, the site of the shell refinery and chemical plants? this island is very close to sentosa island and tanjong pagar. but that does not deter rich people from buying bungalows and luxury condos there.

I just saw a big flare up at the chimney on Pulau bukom. I think it is as bad as jurong island.

Not saying that west coast area is perfect for bringing up kids. but you guys must be fair when you criticize the west coast area.

sfwoo
24-03-10, 09:09
Cheung Kong spokesperson said property bubble is good. No bubble they cannot sell and cannot up their prices.

Pity the people holding the baby when bubble burst.

But then developers have no responsibility towards buyers.

Caveat emptor. Albeit a little late, as 210 units sold already.

Buyers better hope bubble don't burst.

Condorich
24-03-10, 09:25
I don't know why people keep saying the west coast area is no good, because of jurong island.

how about pulau bukom, the site of the shell refinery and chemical plants? this island is very close to sentosa island and tanjong pagar. but that does not deter rich people from buying bungalows and luxury condos there.

I just saw a big flare up at the chimney on Pulau bukom. I think it is as bad as jurong island.

Not saying that west coast area is perfect for bringing up kids. but you guys must be fair when you criticize the west coast area.

obviously you don't understand the wind direction.. anyway if anything bad happens, they could be both affected. The folks buying Sentosa are probably rich folks who use them as vacation homes... how about west coast?

Same goes for Jurong West... and Taman Jurong area... they are considered no no by some.

stalingrad
24-03-10, 09:54
obviously you don't understand the wind direction.. anyway if anything bad happens, they could be both affected. The folks buying Sentosa are probably rich folks who use them as vacation homes... how about west coast?

Same goes for Jurong West... and Taman Jurong area... they are considered no no by some.

yes, I know nothing about directions of wind in Singapore. but I know this: If there is an industrial accident at one of those islands, the whole island will be affected. In fact, given how high the smokestacks are, it can be argued that the further away, the great will be the fallout. the safest place is the spot right under the smokestacks.

proud owner
24-03-10, 10:35
Well, I went down but I have a different opinion though.

The finishing is good but doesn’t justify its price tag. Don’t forget, a suburban is always a suburban.
For its 2 bedroom, nice layout. Not much space wasted as compared to some other developments.
IMO, no view. Those who say is seaview do not know what is seaview.
Containers are a big turn off in front of your condo and not forgetting the pollution from the tankers.
Easy supper. 24 hours mac just opposite and 24 hours prata shops within walking distance.
Near to AYE but sad to say, no where near the MRT which I was told by the agent. In fact, they shouldn’t even use the word near to MRT. There is NO MRT around.
Upside potential if the port in front is redeveloped but have to take note that Punggol 21 has been announced for more than 10 years but still nothing yet.
Quiet estate which I prefer but it means not much amenities around.

I guess it caters for different market.


i agree that the so called seaview is no big deal ...

similarly ..some of the houses/condos in sentosa ..has view of PSA shipyard .. that doesnt stop the price from going higher

strange right ?

teddybear
24-03-10, 10:52
Just take my example of "Vision" vs "Cube 8" both selling at about same price (or even if Cube 8 sells at 10% more than Vision), which is a better choice?

Vision vs Cube 8
District = D5 (OCR) vs D11 (CCR)
Drive to Orchard = 30 mins? vs 3 mins
Drive to CBD = 25 mins? vs 8 mins
Drive to Vivocity = 20 mins? vs 15 mins
Walk to MRT? = Too far vs ~1km walk (Novena MRT station)
Amenites? = Not sure vs ~1km (Novena Square, United Square, Square 2)
Quality of flooring = Mass market (homo tiles) vs Mid-market (marbles mostly)

"Pay $1200 psf for homogeneous tiles everywhere in the house in D5 facing the polluted port and pollution from Jurong Island?

Might as well pay $1200 psf for Cube 8 and you get marbles on the floors in the living room, dinning room, kitchen and Master bathroom and also marbles on the walls from floor to ceiling in the Master Bathroom!

How much can those Hansa taps and shower system costs vs replacing with these marbles? "



I don't know why people keep saying the west coast area is no good, because of jurong island.

how about pulau bukom, the site of the shell refinery and chemical plants? this island is very close to sentosa island and tanjong pagar. but that does not deter rich people from buying bungalows and luxury condos there.

I just saw a big flare up at the chimney on Pulau bukom. I think it is as bad as jurong island.

Not saying that west coast area is perfect for bringing up kids. but you guys must be fair when you criticize the west coast area.

august
24-03-10, 10:56
Cheung Kong spokesperson said property bubble is good. No bubble they cannot sell and cannot up their prices.

Pity the people holding the baby when bubble burst.

But then developers have no responsibility towards buyers.

Caveat emptor. Albeit a little late, as 210 units sold already.

Buyers better hope bubble don't burst.

i read the zaobao, he said something like Chueng Kong "if buy low will sell low, buy high will sell high" hahaha... Vision certainly is not the case. :D

DC33_2008
24-03-10, 10:59
Just take my example of "Vision" vs "Cube 8" both selling at about same price (or even if Cube 8 sells at 10% more than Vision), which is a better choice?

Vision vs Cube 8
District = D5 (OCR) vs D11 (CCR)
Drive to Orchard = 30 mins? vs 3 mins
Drive to CBD = 25 mins? vs 8 mins
Drive to Vivocity = 20 mins? vs 15 mins
Walk to MRT? = Too far vs ~1km walk (Novena MRT station)
Amenites? = Not sure vs ~1km (Novena Square, United Square, Square 2)
Quality of flooring = Mass market (homo tiles) vs Mid-market (marbles mostly)

"Pay $1200 psf for homogeneous tiles everywhere in the house in D5 facing the polluted port and pollution from Jurong Island?

Might as well pay $1200 psf for Cube 8 and you get marbles on the floors in the living room, dinning room, kitchen and Master bathroom and also marbles on the walls from floor to ceiling in the Master Bathroom!

How much can those Hansa taps and shower system costs vs replacing with these marbles? "



Should include one more:

Soot from industry (Vision) Vs soot and noise from traffic (Cube 8)

Which is worst?

stalingrad
24-03-10, 11:00
i read the zaobao, he said something like Chueng Kong "if buy low will sell low, buy high will sell high" hahaha... Vision certainly is not the case. :D

I read the english version of his remarks. something was lost in the translation, perhaps. but the cheung Kong guy is a clown at best and a con artist at worst.

azeoprop
24-03-10, 11:24
Should include one more:

Soot from industry (Vision) Vs soot and noise from traffic (Cube 8)

Which is worst?

Thats why cube 8 is almost sold out and the showroom is already closed.
:)

Might as well say buy The Arte last March, only 850psf during preview... more MIB in the showroom than shoppers. :banghead:

Lucas
24-03-10, 13:59
Cheung Kong spokesperson said property bubble is good. No bubble they cannot sell and cannot up their prices.

Pity the people holding the baby when bubble burst.

But then developers have no responsibility towards buyers.

Caveat emptor. Albeit a little late, as 210 units sold already.

Buyers better hope bubble don't burst.

Bubble is good for Mr Chiu of course lah. Which developer want to sell only a few units in down period n yet have to throw in the goodies. So it is no good for us right? Like anyone from the fragrance habour, he really sounded very direct in that interview.

teddybear
24-03-10, 14:17
Cannot compare to Arte lah because Arte was launched at a time when market is still low last year. Cube 8 launched in Jan/Feb 2010 vs Vision is about 1 month apart and hence more comparable.


Thats why cube 8 is almost sold out and the showroom is already closed.
:)

Might as well say buy The Arte last March, only 850psf during preview... more MIB in the showroom than shoppers. :banghead:

Squall8888
24-03-10, 14:24
Location, my friend.



i agree that the so called seaview is no big deal ...

similarly ..some of the houses/condos in sentosa ..has view of PSA shipyard .. that doesnt stop the price from going higher

strange right ?

proud owner
25-03-10, 04:19
Location, my friend.

its subjective lah

for location ... sentosa is not a bit convenient .. at least not now .. other than the indonesia view (dont look the other side that faces shipyard) ..

what else ?

i am not saying vision is good ..

just feel this whole mkt .. when you have money .. you can say all you want and push a location from nothing to become prime ..

if FEO , CDL start to buy pungol ... in 6 mths pungol price will chiong also ,,

chestnut
25-03-10, 05:09
its subjective lah

for location ... sentosa is not a bit convenient .. at least not now .. other than the indonesia view (dont look the other side that faces shipyard) ..

what else ?

i am not saying vision is good ..

just feel this whole mkt .. when you have money .. you can say all you want and push a location from nothing to become prime ..

if FEO , CDL start to buy pungol ... in 6 mths pungol price will chiong also ,,

This I agree. Look at what centro did to graduer8/nuovo/amk, estuary will do to orchid park/yishun, trevista to tpy. kovan residence to kovan melody/d19.

It is about reference point. Think of what Horizon residence will do to pasir panjang.
Reference point.

proud owner
25-03-10, 05:22
This I agree. Look at what centro did to graduer8/nuovo/amk, estuary will do to orchid park/yishun, trevista to tpy. kovan residence to kovan melody/d19.

It is about reference point. Think of what Horizon residence will do to pasir panjang.
Reference point.

to me, a good location is one where you have the modern amenities around you, preferably within walking distance,

short commute to work,

and yet have good view, if no view, at least have some greenery, park ..

where in singapore can you find that ?

it all depends on where you work ..

if you work North... Seletar, springside is good

if you work west, Pasir panjang, south buona vista is good

if you work south (CDB) , river valley, tiong bahru, queenstown, tanglin , north and south buona vista, newton good

for me i prefer a good interior layout and space, as oppose to being near a shopping centre or MRT .. cos i dont feel good with the crowd and noise outside and tiny space inside ..

teddybear
25-03-10, 13:51
No problem with crowd even if near (near but not too near, like above the shopping mall or MRT) as the crowd won't walk to your estate.

Spacious and efficient layout is very important (because I don't want to pay for useless space). Unfortunately most (if not all?) properties built from 2003-2009 contains lots of un-usable space because developers can sell planter areas and bay windows which are not included in GFA and hence these areas are built exceedingly large to maximise profit. Exceedingly large balcony is another ploy as construction costs is half of what other built-up area costs.


to me, a good location is one where you have the modern amenities around you, preferably within walking distance,

short commute to work,

and yet have good view, if no view, at least have some greenery, park ..

where in singapore can you find that ?

it all depends on where you work ..

if you work North... Seletar, springside is good

if you work west, Pasir panjang, south buona vista is good

if you work south (CDB) , river valley, tiong bahru, queenstown, tanglin , north and south buona vista, newton good

for me i prefer a good interior layout and space, as oppose to being near a shopping centre or MRT .. cos i dont feel good with the crowd and noise outside and tiny space inside ..

DC33_2008
26-03-10, 14:08
You can see that Vision is very close to the Huge Jurong Island. Imagine with the pollution from the plant from it!

http://i332.photobucket.com/albums/m356/DC33_2008/MapJurongIslandPasirPanjang.jpg

cher
27-03-10, 08:58
I was at the show flats yesterday and very surprised to see the huge crowd despite of the rain.

1. Location : very inconvenient, cannot find market / shopping areas to settle the daily needs
2. Misrepresented showflats : The ID work is terribly misleading. What a good gesture from the developer to have "Crystal" light in the bathroom? I called the crystal as glass. The marble is a truly misrepresentation.
3. The taste of the wallrobe : with that odd type of colour skin, how is one going to design the bedrooms?
4. Site plan : the road around the estate is a very cheap design, why the basement carpark is not entrance at the gate and still there are some carparks at the ground level.
5. Finish quality of the LKS's project : take a good look of the past project, hopefully, this one is not a repeat of the past.
6. The view is nothing great to shut about, containing area, air is of sub-quality


You sure are not living in the west otherwise you will not make the comment about no ammenities. Don't you know that west coast plaza is just a stone throw away and opposite is the market. Check before you talk.

chestnut
27-03-10, 10:03
You can see that Vision is very close to the Huge Jurong Island. Imagine with the pollution from the plant from it!

http://i332.photobucket.com/albums/m356/DC33_2008/MapJurongIslandPasirPanjang.jpg


Check this out. Then please advise what are you talking about???
http://app2.nea.gov.sg/images/Regional_PSI_for_2009.pdf

teddybear
27-03-10, 10:48
What an interesting report! From the report, it seems that "Central" region usually has the lowest PSI and hence should have the lowest average PSI overall! :eek:
(This is really contrary to what people expects as they say central so crowded, so many cars, sure more polluted whereas the North and East should be most clean!).


Check this out. Then please advise what are you talking about???
http://app2.nea.gov.sg/images/Regional_PSI_for_2009.pdf

DC33_2008
27-03-10, 16:01
Check this out. Then please advise what are you talking about???
http://app2.nea.gov.sg/images/Regional_PSI_for_2009.pdf

THERE ARE 35 MONITORING STATIONS IN SINGAPORE. IT IS AN AVERAGE VALUE THAT YOU ARE GETTING IN THESE ZONES. FURTHERMORE, THE INSTRUMENTATIONS ARE ONLY MONITORING PARTICULATE MATTER OF SIZE 10 MICRON (PM10) AND LARGER. ANY PARTICULATE MATTER LESS THAN PM10 SUCH AS SOOT FROM TRAFFIC AND INDUSTRIAL IN THE REGION OF PM2.5 AND LESS ARE NOT CAPTURED. THESE ARE THE ONES THAT GO PASS OUR NOSTRIL HAIR AND PENETRATE INTO OUR LUNGS.

THIS IS WHAT HAPPENED!

chestnut
27-03-10, 16:42
THERE ARE 35 MONITORING STATIONS IN SINGAPORE. IT IS AN AVERAGE VALUE THAT YOU ARE GETTING IN THESE ZONES. FURTHERMORE, THE INSTRUMENTATIONS ARE ONLY MONITORING PARTICULATE MATTER OF SIZE 10 MICRON (PM10) AND LARGER. ANY PARTICULATE MATTER LESS THAN PM10 SUCH AS SOOT FROM TRAFFIC AND INDUSTRIAL IN THE REGION OF PM2.5 AND LESS ARE NOT CAPTURED. THESE ARE THE ONES THAT GO PASS OUR NOSTRIL HAIR AND PENETRATE INTO OUR LUNGS.

THIS IS WHAT HAPPENED!

Oh, so those NUS students need to suffer for 3 to 4 years. Those lecturers will need to suffer. Those NUH nurses and doctors need suffer their entire career should they decide to stay in NUH. I really think the doctors at NUH know better on this topic. I wonder how many doctors in NUH die of lung disease? Will check with my NUH dr friend.

DC33_2008
27-03-10, 16:55
Oh, so those NUS students need to suffer for 3 to 4 years. Those lecturers will need to suffer. Those NUH nurses and doctors need suffer their entire career should they decide to stay in NUH. I really think the doctors at NUH know better on this topic. I wonder how many doctors in NUH die of lung disease? Will check with my NUH dr friend.

You should check with those staying at Kent Vale (Housing for NUS professors). Their balcony is sooty if it not clean often. You can even smell it at NUS. You should also check with the maintenance people at NUS on the filters of air-conditioning plant room. NUH is too far from the source. Go to Environmental Protection Agency (US) to see what I meant.

SV88
27-03-10, 19:23
Excuse me fir being ignorant. What is all this "flare" that a few have mentioned? Some fire?
I don't know why people keep saying the west coast area is no good, because of jurong island.

how about pulau bukom, the site of the shell refinery and chemical plants? this island is very close to sentosa island and tanjong pagar. but that does not deter rich people from buying bungalows and luxury condos there.

I just saw a big flare up at the chimney on Pulau bukom. I think it is as bad as jurong island.

Not saying that west coast area is perfect for bringing up kids. but you guys must be fair when you criticize the west coast area.

Wild Falcon
27-03-10, 20:28
Based on the report, it appears that there's not much difference in PSI across the region and depending on days, sometimes different parts of SG have "better" air. All these lung cancer accusations are very immature - there are people staying in all parts of SG having lung cancer. So you should just ignore those ignorant comments. Anyway, a bit of pollution in this world is unavoidable and Singapore is already very good compared to say Hong Kong and its not as it we have a longer lifespan. The most ridiculous comment I've read before is water from Bedok Reservoir in the East taste better than Peirce Reservoir! That is the ultimate joke. West Coast is quite a nice and serene area :)



Oh, so those NUS students need to suffer for 3 to 4 years. Those lecturers will need to suffer. Those NUH nurses and doctors need suffer their entire career should they decide to stay in NUH. I really think the doctors at NUH know better on this topic. I wonder how many doctors in NUH die of lung disease? Will check with my NUH dr friend.

sleek
28-03-10, 05:19
Excuse me fir being ignorant. What is all this "flare" that a few have mentioned? Some fire?

That is the burning of the excess by-products gas before it gets discharged into the air. :D

Lucas
28-03-10, 09:30
Check this out. Then please advise what are you talking about???
http://app2.nea.gov.sg/images/Regional_PSI_for_2009.pdf

does this report says anything new that we don't know? No need an expert to analyse.... If looking at all the monthly statistic, it is not conclusive enough that East or Norrh is less polluted. Singapore is so small . The wind direction change now and then. So whether u in NSEW or Central, the pollution is same. The consolidation is that this same level is still much better than cities in China, SE Asia n others.

Reporter
30-03-10, 13:40
http://www.sph.com.sg/images/logo_btwkend.png
All units in phase1 of The Vision sold out
Emilyn Yap
The Business Times Weekend
Saturday, 13 March 2010

http://www.asiaone.com/a1media/business/03Mar10/others/20100312.162833_march1210_vision_350.jpg

Hong Kong Kong developer Cheung Kong has set record selling prices for residential projects in the West Coast area.

It managed to sell all 100 units released in the first phase of sale for the 99-year-leasehold The Vision yesterday. Of these, 2 penthouses went for $3.6 million each, which works out to around $1,332 psf.

Buyers paid around $1,000-$1,200 psf for 2-, 3- and 4-bedroom units, which start from 818 sq ft in size. Cheung Kong also sold several strata terrace units, and the highest price fetched was $3.2 million.

According to the developer's sales manager Cannas Ho, upgraders made up more than 60% of the buyers, and investors accounted for the remainder.

The Vision will have 281 apartments and 14 strata terrace units altogether. In view of the strong demand, the developer will release another 20 units of two to four-bedders for sale this weekend. Cheung Kong had planned to start the second phase of sale by Q4 this year. Whether it brings the release forward will depend on market response to the project, Ms Ho said.

..........
..........
Now that The Vision has set $1,332 psf hïgh in Phase 1, when are they launching Phase 2?

bargain hunter
30-03-10, 13:44
i thought already sold more than 200 units? no need phase 2 launch liao.




Now that The Vision has set $1,332 psf hïgh in Phase 1, when are they launching Phase 2?

Reporter
30-03-10, 14:29
i thought already sold more than 200 units? no need phase 2 launch liao.
Maybe still have 50 units not sold?

bargain hunter
30-03-10, 14:32
yup, maybe, but with the official launch with adverts in straits/sunday times last weekend, i guess that's your phase 2 launch already.



Maybe still have 50 units not sold?

2824
30-03-10, 14:38
Thought i read much earlier that they are going to launch only 100 units in Phase 1 and the rest will only be launch at year end or next year. Do they forsee something wrong next year?


yup, maybe, but with the official launch with adverts in straits/sunday times last weekend, i guess that's your phase 2 launch already.

bargain hunter
30-03-10, 14:55
if going by that theory, then maybe they foresee something wrong much earlier! LOL...they have already sold more than 200 units, got people chiong in they already readily sell to them! there is no holdback at all.


Thought i read much earlier that they are going to launch only 100 units in Phase 1 and the rest will only be launch at year end or next year. Do they forsee something wrong next year?

Condorich
30-03-10, 15:31
Thought i read much earlier that they are going to launch only 100 units in Phase 1 and the rest will only be launch at year end or next year. Do they forsee something wrong next year?

Under promise, over deliver... at least can claim 90% sold based on launched units.

Who would not take profit given the opportunity.... remember the wise words.. a bird in hand is better than two in the bush. They've caught as many birds as they could. But they are still trying to catch all the birds there.

If it gives you fair margins, why hold on to them... the trick is to sell the not so good ones first and the value of the remaining units (high floor, unblocked) will be preserved.

tanumy
30-03-10, 15:36
just invest in D18 double bay residence.....;)

2824
30-03-10, 15:38
Agree why not lock in the profit, anyway their margins are good.

Just think they shd not be putting out such things to give the impreesion that it is so exclusive. :eek:

tanumy
30-03-10, 15:39
lock profit n buy in d18.


Agree why not lock in the profit, anyway their margins are good.

Just think they shd not be putting out such things to give the impreesion that it is so exclusive. :eek:

cher
30-03-10, 15:50
lock profit n buy in d18.
That is the worst investment I have ever seen what so great

tanumy
30-03-10, 16:15
singapore 4th university so many foreigners n lecturers going to buy property in new project like double bay residence and upcoming developement at changi business park.



That is the worst investment I have ever seen what so great

cher
30-03-10, 21:04
singapore 4th university so many foreigners n lecturers going to buy property in new project like double bay residence and upcoming developement at changi business park.


So what no IR, MRT so far away???:scared-2:

shespawn
31-03-10, 09:34
So what no IR, MRT so far away???:scared-2:

it seems that you don't know east pretty well. DBR is just 4 min walk to mrt.

ay123
31-03-10, 10:12
So what no IR, MRT so far away???:scared-2:

ignore that tanumy.......he/she is a idiot who only know double bay

shespawn
31-03-10, 10:14
ignore that tanumy.......he/she is a idiot who only know double bay

yah lah, all he/she does is advertise DBR. nothing else. irritating fellow with nuts as his brain.

cher
31-03-10, 10:45
yah lah, all he/she does is advertise DBR. nothing else. irritating fellow with nuts as his brain.
What so good about that area so far from town no IR only got hospital n CBP you all think that people that work in CBP must stay there meh I tell you most of them stay in central n some in west so what so great after all???

calvenng
07-04-10, 20:49
Thought i read much earlier that they are going to launch only 100 units in Phase 1 and the rest will only be launch at year end or next year. Do they forsee something wrong next year?

Cheung Kong had learn their lesson, they were caught badly by Costa Del Sol. Launched in 1997 at very high price and they were stuck with 70% unsold units for 10 years. The carrying cost must have cost them a bomb.
Compare with Silversea's over 1500psf, they have price Vision extremely well.
FEO could take 10 years to clear their stock at Silversea + their other condos. If interest rates shoot up which could happen as soon as year end,causing a new property bubble,they will be in big trouble like what happened in 1997/98 where they almost go broke and has to beg every banks for money.