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richardsng_era
24-01-10, 14:01
Launching soon! Watch out for another EXCITING Condo Launch by Kheng Leong at former Minton Rise Condo Estate @ Lorong Ah Soo (Hougang Estate)

Location: http://www.streetdirectory.com/asia_travel/travel/travel_id_5771/travel_site_84291/

1000+ units Former Minton Rise by Kheng Leong.

Former Minton Rise Condo Estate Hotline: +65-92993342
Home Page: http://iPropertyFacebook.com

Eric.Leong
10-04-10, 18:29
Launching Soon !!!
Former Minton Rise Condominium @ Lorong Ah Soo





(Hougang St 11 off Lorong Ah Soo)
By Peak Garden Developer ( UOL Related developer)


(Target Launch Date: End May/ Early June 2010)

Exclusive 1144-unit 99 year Development
High-rise development 18 blocks nestled in matured private residential estate
Map by Google .Outline Rough sketch


Reputable Schools & Institutions
*Within 1km to Paya Lebar MGS *
Montfort Jr & Sec Sch, Zhonghua Pri Sch, CHIJ Our Lady Of Good Counsel Sch, Nanyang Junior College etc

Near International Schools => Rental Potential!
Near Australian International School, Lycée Français de Singapour & upcoming Stamford American International School at Upper Serangoon Road

Near Upcoming Mega Mall, Famous Eateries & Amenities
Future Mega shopping mall, Nex (equivalent to size of Parkway Parade & IMM) at Serangoon Central
Heartland Mall, AMK Hub, Hougang Mall wet markets, supermarkets
Serangoon Gardens, popular eateries at Chomp Chomp etc


Well-linked Transportation

Near Kovan MRT Station and Serangoon MRT Interchange (North-East Line & Circle Line)
Easily accessible to city centre and other parts of the island via CTE, PIE, KPE, SLE



Unit Types (First Draft)
2 Bedroom 884 – 1,144 sqft

3 Bedroom 1020 – 1661 sqft

4 Bedroom 1515 – 3087 sqft

Penthouses 1490 – 3237 sqft



Hurry Call Developer Sales Team to For VVIP PREVIEW
REGISTER NOW FOR LATEST NEWS AND PRICING
SALES HOTLINE: + 65 9671 1522

cheerful
11-04-10, 08:37
Errrr... what is UOL Related developer har? why can't give full name? so secretive, izit no confidence of some lousy name with no-std??
:scared-2:

amk
11-04-10, 11:02
there is only one UOL "related" developer lah, that's Mr. Wee's "private" vehicle :) . See he got this plot real cheap:

KHENG Leong, a privately owned property group controlled by the family of banker Wee Cho Yaw, has bought a privatised HUDC estate in Hougang for $209 million. The company inked a deal over the weekend to buy Minton Rise in a collective sale, according to sources.


http://img413.imageshack.us/img413/7618/bt547069216012007cr8.jpg
Sold: Owners of the privatised HUDC estate will receive about $611,000 on average


BT understands that Kheng Leong may team up with listed construction and property group Low Keng Huat in some way. But sources could not say for sure whether this would involve Low Keng Huat merely handling the construction of the project or taking an equity stake in the redevelopment as well.

Minton Rise has 342 apartments in total. Owners will receive about $611,000 on average. The deal will be subject to approval from the Strata Titles Board.

The $209 million that Kheng Leong has agreed to pay is the reserve price. NRA Real Estate brokered the sale. The unit land price works out to about $236 psf of potential gross floor area, inclusive of an estimated $84 million development charge and a $19.5 million sum (estimated last year but not confirmed by the authorities) for upgrading the site's lease from a then remaining term of 79 years to a fresh 99-year term.

The 472,378.5 sq ft site is zoned for residential use with a 2.8 plot ratio (ratio of potential gross floor area land area), which could mean a new condo with about 1,100 units averaging 1,200 sq ft.

cheerful
11-04-10, 11:49
Oh I see .. thanks amk for the info. Hmmm .. wonder if agent Leong finds it somewat "disgrace" to mention the actual name or wat? Perhaps it's a case of not able to get his info rite, or maybe the developer's name is not branded enuff ... else why hide behind as 'UOL related' neh :p :p

Latio
11-04-10, 20:38
OMG ! 1144 unit in one project, so CRAM :scared-3: :beats-me-man: :doh:

Sea
25-04-10, 11:15
**Lorong Ah Soo (Former Minton Rise)**

Preliminary Information Of The Development

Location
Lorong Ah Soo (Former Minton Rise)

Tenure of Land
Leasehold 99 years

Residential Site Area
Approx. half a million sf of land area (about size of 7 football fields)

Description
Proposed condominium development comprising 18 Blocks of 15 / 17 storey residential flats with facilities

Total No. of Units Approx. 1,150 units

From 1 to 4 bedrooms onwards

Sms at 90686016 for more details

august
26-04-10, 11:15
who is the developer?

Sea
26-04-10, 11:30
who is the developer?

Developer is
Kheng Leong Pte Ltd :)

richardsng_era
26-04-10, 13:18
New Launch in D19 The Minton Rise Residence. Registration starts now.
Floor & Site Plans available soon! For more information, please visit

http://www.rss-property.com/view-all-listings/showproperty/19-19-serangoon-hougang-punggol-sengkang/11-for-sale/18-project-launches/10053-d19-the-minton-rise-residence--lorong-ah-soo-developers-sale

propertyinvestor
26-04-10, 18:00
Developer is
Kheng Leong Pte Ltd :)

Any ideas what is the PSF?

Wild Falcon
26-04-10, 21:05
1150 units.... Former enbloc site usually means cut carrot price and squeeze in maximum units as developers need to recover the cut carrot price they paid to the enbloc beneficiaries. 99 LH some more with so many units.

2824
27-04-10, 10:22
When is the VIP preview and official launch expected?


Any ideas what is the PSF?

azeoprop
27-04-10, 17:21
This was the site of our old kampong house in the late 70s when I was still a small boy. :D

new2mondrian
27-04-10, 17:57
When is the VIP preview and official launch expected?


This was the site of our old kampong house in the late 70s when I was still a small boy. :D

azeoprop and 2824,

u guys interested in getting another property along lor ah soo after woodleigh/woodsville is it? :)

2824
27-04-10, 18:16
Interestingly some 40 years later some person might be saying that for this new development. who knows


This was the site of our old kampong house in the late 70s when I was still a small boy. :D

azeoprop
27-04-10, 19:57
azeoprop and 2824,

u guys interested in getting another property along lor ah soo after woodleigh/woodsville is it? :)

Haa haa, just kaypo only, no money. :p

2824
28-04-10, 09:14
abit curious at what kind of psf this will go for considering it is not near an MRT, 99 years, no water view (sea or reservoir view).

Who knows maybe one of the smaller units might be within reach? :beats-me-man:


azeoprop and 2824,

u guys interested in getting another property along lor ah soo after woodleigh/woodsville is it? :)

august
28-04-10, 15:23
my guess is breakeven around 5xx psf, so sell at 600psf at least?

2824
06-05-10, 08:50
See agents promoting this outside Serangoon MRT almost every evening.
Saw a few agents advertising in property guru @ $800+++ psf for the 3 bedders. So 2 bedders maybe at $900 psf and studios maybe even $1,000 psf or more :scared-1:

I guess gone are the days of $600 psf for new condos....

devilplate
06-05-10, 09:31
See agents promoting this outside Serangoon MRT almost every evening.
Saw a few agents advertising in property guru @ $800+++ psf for the 3 bedders. So 2 bedders maybe at $900 psf and studios maybe even $1,000 psf or more :scared-1:

I guess gone are the days of $600 psf for new condos....

Treehouse set a new benchmark for all mass market...Anywhr not too far flung and no MRT will be launching from 800psf+ However, this project still include baywindows/planter box, There is a chance they might launch from 7XXpsf+

richardsng_era
06-05-10, 18:32
D19 The Minton @ Lorong Ah Soo. Preview End May
2010. Registration starts now!


For more information, visit http://www.rss-property.com/view-all-listings/showproperty/19-19-serangoon-hougang-punggol-sengkang/11-for-sale/18-project-launches/10053-d19-the-minton-rise-residence--lorong-ah-soo-developers-sale

Komo
06-05-10, 21:23
this looks like a super mass market project. My bet is they will maximise on the number of units and minimise on floor area (hence maximise price psf) in order to make it very affordable... sound like a HDB formula? :doh:

devilplate
06-05-10, 22:13
My bet is they will maximise on the number of units and minimise on floor area (hence maximise price psf) in order to make it very affordable...

no nid to bet..its a known fact :D :D

Kenshinto80
09-05-10, 18:13
Just got informed by agent to register for early bird discount....very "competitive pricing"..only S$800psf to S$900psf. *Faints*

devilplate
09-05-10, 18:39
Just got informed by agent to register for early bird discount....very "competitive pricing"..only S$800psf to S$900psf. *Faints*

wow below 1kpsf!!

GRAB!:D

amk
09-05-10, 21:37
...Anywhr not too far flung and no MRT will be launching from 800psf+ ...

.. and why is that a bad thing ? ;)

devilplate
09-05-10, 23:21
.. and why is that a bad thing ? ;)

It's totally good! below 1kpsf will be sold out!!!:D :D :D

2824
10-05-10, 11:57
If launched near to $900 psf, some might be tempted to go for the site at Serangoon ave 3, which is very near to the Lorong Chuan station, especially now that the circle line is in operation.
Guess the very "competitive pricing".. was referring to ave 3 site?

One thing so far i liked about Minton (from what i read) is the aircon badMinton hall. At least that is unique. :D


Just got informed by agent to register for early bird discount....very "competitive pricing"..only S$800psf to S$900psf. *Faints*

devilplate
10-05-10, 19:02
If launched near to $900 psf, some might be tempted to go for the site at Serangoon ave 3, which is very near to the Lorong Chuan station, especially now that the circle line is in operation.
Guess the very "competitive pricing".. was referring to ave 3 site?

One thing so far i liked about Minton (from what i read) is the aircon badMinton hall. At least that is unique. :D

ave 3 site shd be from 1kpsf...so this one below 1kpsf can still sell...

badminton court is nice...i only noe changi green/court got such luxury.

august
10-05-10, 19:05
this road name not nice, shld change to Lorong Ah Huat!

Latio
10-05-10, 22:28
is like SUSUKI......

Choy !

:D :D :D

azeoprop
10-05-10, 23:56
http://www.mintoncondo.com/ found this with some floor plans, looks like the bay windows and planters are back. :rolleyes:

devilplate
10-05-10, 23:59
http://www.mintoncondo.com/ found this with some floor plans, looks like the bay windows and planters are back. :rolleyes:

planning approval b4 the new regulations kicks in

august
11-05-10, 00:01
http://www.mintoncondo.com/ found this with some floor plans, looks like the bay windows and planters are back. :rolleyes:

bay window is individual preference
planter if at balcony is still ok


but planter outside bedroom window, where bedroom itself already hv bay window, is a problem e.g. iirc ascentia sky :eek:

Property_Owner
11-05-10, 00:07
It's totally good! below 1kpsf will be sold out!!!:D :D :D


chong ah, once boon lay sells 1k psf will set new benchmark, no more 1k psf condo in singapore

peterng8
11-05-10, 08:30
chong ah, once boon lay sells 1k psf will set new benchmark, no more 1k psf condo in singapore


:D :D :D ......

sleek
11-05-10, 08:55
http://www.mintoncondo.com/ found this with some floor plans, looks like the bay windows and planters are back. :rolleyes:

http://www.mintoncondo.com/mintor%20condo/mintor%20condo%20pool%20view%20unit.jpg

cheerful
11-05-10, 08:56
planning approval b4 the new regulations kicks in

Eh thot the regulation already kicked in about a year ago?? So this project is a slow one .. or maybe the developer is slow :D

If this location also can sell slightly below $1K, then the rd name can change to 'huat' as suggested by someone :p

peterng8
11-05-10, 10:03
Eh thot the regulation already kicked in about a year ago?? So this project is a slow one .. or maybe the developer is slow :D

If this location also can sell slightly below $1K, then the rd name can change to 'huat' as suggested by someone :p


wow look at the landscape, it is so big walking one round the parameter is enough dont need to go gym and workout..:D

aLEX Soh
11-05-10, 11:25
From my memory, I think the Ave 3 site was bid at $563psf base on total gfa.
So the developer's breakeven should be about $900-$950psf. I do not think they will sell at $1000psf. Should be around $1100psf. Won't be surprise if they launch at $1200psf considering the current price of new launches.

Made me glad that i confirmed my Primo purchase in Mar which is below $1Kpsf and its Freehold and nearer to MRT. :)

devilplate
11-05-10, 11:32
From my memory, I think the Ave 3 site was bid at $563psf base on total gfa.
So the developer's breakeven should be about $900-$950psf. I do not think they will sell at $1000psf. Should be around $1100psf. Won't be surprise if they launch at $1200psf considering the current price of new launches.

Made me glad that i confirmed my Primo purchase in Mar which is below $1Kpsf and its Freehold and nearer to MRT. :)

but Primo is boutique devt....

bullman
11-05-10, 11:34
One of the touted selling point on this project is the "perceived" proximity to Serangoon MRT and the "happening" NEX which is opening this year and The Minton only TOPs in 2014?

With this thought, wouldn't it be better to go for projects like The Yardley or Sunglade with instant yield (not high though).

Reporter
11-05-10, 11:36
From my memory, I think the Ave 3 site was bid at $563psf base on total gfa.
So the developer's breakeven should be about $900-$950psf. I do not think they will sell at $1000psf. Should be around $1100psf. Won't be surprise if they launch at $1200psf considering the current price of new launches.

Made me glad that i confirmed my Primo purchase in Mar which is below $1Kpsf and its Freehold and nearer to MRT. :)
I think you may be right.

http://sg.yimg.com/i/sg/providers/cnalogo4.gif
15 bids received for residential site at Serangoon Aveune 3
Channel NewsAsia
Wednesday, 7 October 2009, 1900 hrs

The Urban Redevelopment Authority (URA) received 15 bids at the close of the tender for the residential site at Serangoon Avenue 3 on Wednesday.

The site, which was originally on the Reserve List of the Government Land Sales Programme, was launched for public tender on September 9. The 99-year leasehold site has an area of about 13,877 sqm and a maximum permissible GFA of 38,857 sqm.

Intrepid Investments submitted the highest bid of S$221.2 million, followed by Tuas Hi-Tech Park at S$195.9 million and Keppel Land at S$190 million. The lowest bid of S$120 million came from Lippo Estates.

Li Hiaw Ho, Executive Director, CBRE Research, said: "The popularity of the Serangoon Avenue 3 site is evidenced by the 15 bids that were submitted as well as their price quantum.

"Developers are very confident of this site because it is situated next to the Lorong Chuan MRT station and is close to the Australian International School. It is also close to amenities in Serangoon Gardens and the upcoming shopping mall, nex, at Serangoon Interchange station."

CBRE said the top bid of S$221.2 million works out to S$529 psf ppr and is 164% above the reserve price of S$83.7 million.

"This price will likely translate into a breakeven price of about S$900 psf to S$950 psf for the future condominium project to be built on this site. Based on this breakeven estimate, the possible selling price could range from S$1,000 psf to S$1,100 psf," said Li.

Recent caveats of nearby properties - The Chuan, a 999-year leasehold condo development, and the freehold Goldenhill Park - showed selling prices ranging from S$830 to S$1,000 psf, while those in the 99-year leasehold The Springbloom were selling at S$600 to S$700 psf.

URA said a decision on the award of the tender for the Serangoon Avenue 3 site will be made after the bids have been evaluated.

TOP
11-05-10, 11:52
Any buying mood impact if the two famous budget hotels next door still serving hourly chicken essence?:gun3:

devilplate
11-05-10, 12:00
One of the touted selling point on this project is the "perceived" proximity to Serangoon MRT and the "happening" NEX which is opening this year and The Minton only TOPs in 2014?

With this thought, wouldn't it be better to go for projects like The Yardley or Sunglade with instant yield (not high though).

if u think this way...therefore concludes tat new project will benefit older resale projects nearby. HUAT!

Imagine new project launch at 800psf...den yardley/sunglade goto drop price to 600psf? :D

fclim
11-05-10, 12:29
With 1,150 units, I think it is too crowded. Can't imagine trying to use the facilities there. Also, there will be a jam every morning and evening when vehicles move in and out of the condo. The roads around it do not look like they can be widened much.

Former Minton Rise only had 342 apartments.

2824
11-05-10, 13:07
When i looked at the facilities, there is indeed quite a bit here. also remember reading that it is 7 football fields in space. Wonder how this stacks up in terms of land space and facility when compared to the interlace. (in terms of design, imho Interlace wins - no fight, in terms of price Minton is better)

azeoprop
11-05-10, 13:27
The 1 bedroom stack 43 seems quite good, overlooking the lush forest broadwalk and pools. :p

gohsoonk
11-05-10, 14:01
I must say that the facilities are comprehensive. However, with 1000+ households, not sure how it will pan out when it is fully occupied.


With 1,150 units, I think it is too crowded. Can't imagine trying to use the facilities there. Also, there will be a jam every morning and evening when vehicles move in and out of the condo. The roads around it do not look like they can be widened much.

Former Minton Rise only had 342 apartments.

devilplate
11-05-10, 18:42
THIS COULD BE THE LAST PROJECT LAUNCH BELOW 1K PSF!

bullman
11-05-10, 19:42
if u think this way...therefore concludes tat new project will benefit older resale projects nearby. HUAT!

Imagine new project launch at 800psf...den yardley/sunglade goto drop price to 600psf? :D

Hi there. We buy on facts dont we?
The new launch will be launched at 950 psf up given its high enbloc prices.
In this case, why do one need to imagine 800psf ? also, the concept of instant yield as compared to 4 years waiting time is a power play here IMHO

jitkiat
17-05-10, 21:38
Any idea what is the psf for 2br (936sqft)?

Komo
17-05-10, 22:10
I must say that the facilities are comprehensive. However, with 1000+ households, not sure how it will pan out when it is fully occupied.

I can think of Bayshore Park as an example of 1000+ household bu the two are worlds apart. This project is purely for upgraders in the neighbourhood.

devilplate
19-05-10, 19:19
any update on this project? isit launched oredi? nvr rec sms for this project...

azeoprop
19-05-10, 20:28
I got a sms saying cheque collection starts tomorrow and price from 880psf. :beats-me-man:

Komo
19-05-10, 21:10
I got a sms saying cheque collection starts tomorrow and price from 880psf. :beats-me-man:

will this gimmick work? :doh:

devilplate
20-05-10, 01:33
prices from 880psf seems exp...so may hit 1.1kpsf for smallest units....i wud expect 750-1kpsf range.

bullman
20-05-10, 12:16
The 880 psf gimmick is for the largest units with high quantum. I was enquiring on the studios and the rough guide is 1050 to 1150 psf. My eyes/ears nearly popped. :scared-4:

amk
20-05-10, 14:34
on the studios and the rough guide is 1050 to 1150 psf. My eyes/ears nearly popped. :scared-4:

why are you surprised ? this site is next to a MRT and a shopping mall, why can't it be priced 1150 ? Centro is 1200, waterbank also 1200.

bullman
20-05-10, 14:53
why are you surprised ? this site is next to a MRT and a shopping mall, why can't it be priced 1150 ? Centro is 1200, waterbank also 1200.

Dear Mr AMK,

When you mentioned that the site is "next" to the mrt and shopping centre "Nex", I question the definition of your "next" in terms of absolute walking distance.

When I use the word "next" , I expect a walking distance like the Yardley or Sunglade. :cheers1:

amk
20-05-10, 15:53
When I use the word "next" , I expect a walking distance like the Yardley or Sunglade. :cheers1:

of course u r right. ;)

"next" is pty agent speak.

but in all honesty, it's near enough.

2824
20-05-10, 16:02
I heard the preview for this is next friday, vesak day. Rec'd SMS saying prices from 850 psf to 950 psf but dunno for which size of units.

devilplate
20-05-10, 16:50
of course u r right. ;)

"next" is pty agent speak.

but in all honesty, it's near enough.

ard 900m away from NEX...considered near meh??? may take at least 10-12mins by foot. :beats-me-man:

devilplate
20-05-10, 16:54
why are you surprised ? this site is next to a MRT and a shopping mall, why can't it be priced 1150 ? Centro is 1200, waterbank also 1200.

both centro and waterbank have a better location den this minton.

I wud expect Minton pricing to be similar as treehouse...at most 5% more..

If it is within 500m away from srgn MRT....den studio at 1.1kpsf is reasonable...if not...:beats-me-man:

mantrix
20-05-10, 18:30
Hi there. We buy on facts dont we?
The new launch will be launched at 950 psf up given its high enbloc prices.
In this case, why do one need to imagine 800psf ? also, the concept of instant yield as compared to 4 years waiting time is a power play here IMHO

Hi, the fact is that the enbloc price was not high. Each unit on average got around 500K+ which averages to 4xx to 500psf - BUT there were only 200 to 300 units there.

However, they are not building 200-300 units, but more than 1000 on the same piece of land.

Even at 800 psf the profit is already massive.

devilplate
20-05-10, 18:36
i was told developer paid around 350psf ppr for this enbloc site.

devilplate
20-05-10, 18:49
just seen a video presentation from pptyguru website
http://www.propertyguru.com.sg/listing/1235697/for-sale-the-minton

i must admit the facilities r very impressive! for recent launches, double bay is considered very good in terms of facilities. however, minton cud be the best so far. nice.

mantrix
20-05-10, 20:54
just seen a video presentation from pptyguru website
http://www.propertyguru.com.sg/listing/1235697/for-sale-the-minton

i must admit the facilities r very impressive! for recent launches, double bay is considered very good in terms of facilities. however, minton cud be the best so far. nice.

Hi, 350psf could be about right including those with big PES - thought of buying in 2006 when it was 260psf - a decent 3 room cost around 300K back then but it was too shoddy to live in. Wouldn't have made much from enbloc anyway.

Agree facilities are good but with 1000+ families, you can be sure popular spots like the heated pool will always be chock full.

I prefer smaller developments with decent sized swimming pool, playground, etc etc essentially standard facilities without frills. And no BBQ pits for me cos their patrons just make too much noise :)

jasonyap
21-05-10, 02:59
why are you surprised ? this site is next to a MRT and a shopping mall, why can't it be priced 1150 ? Centro is 1200, waterbank also 1200.

Waterbank hit 1.45K...

azeoprop
24-05-10, 17:49
Got an sms, the vip preview is this coming friday. :)

devilplate
24-05-10, 18:55
great...i aso wana go down kaypoh

bargain hunter
24-05-10, 19:48
yay, keep those updates coming. :)



great...i aso wana go down kaypoh

Komo
24-05-10, 21:01
Just quickly put together to compare:

RankProjectArea (sqft)UnitsPer Unit1Livia


447,192 724 618 2DBR 346,700 646 537 3The Estuary 290,080 608 477 4Minton 500,000 1,145 437 5Casa Merah 236,000 556 424 6The Quartz 236,650 625 379 7Waterbank


180,000 616 292

Komo
24-05-10, 21:07
hope this is better :p



Rank

Project

Area (sqft)

Units

Per Unit

1
Livia


447,192

724

618

2
DBR


346,700

646

537

3
The Estuary
290,080
608
477


4
Minton
500,000
1,145
437


5
Casa Merah


236,000

556

424

6
The Quartz
236,650
625
379


7
Waterbank


180,000

616

292

sleek
24-05-10, 21:07
Something like this?


Just quickly put together to compare:

Rank ProjectArea(sqft) Units Per Unit
1 Livia 447,192 724 618
2 DBR 346,700 646 537
3 The Estuary 290,080 608 477
4 Minton 500,000 1,145 437
5 Casa Merah 236,000 556 424
6 The Quartz 236,650 625 379
7 Waterbank 180,000 616 292

Komo
24-05-10, 21:13
Many thanks.
Looks like Minton is not that cramp afterall, relatively speaking.
But I think the distance to Nex is about from Clover by the Park to the MRT. Anything more than 15 mins is far and probably no one want to walk.

amk
24-05-10, 21:54
Is Minton MSCP or basement CP ? this makes a little diff in the feel of "area per unit" thingy.

btw Livia has this one long stretch "jogging track" lookalike thing that's quite useless, even though the total area sounds bigger.

gohsoonk
25-05-10, 09:43
Well, it depends if you are a jogger. It is just the diversity of facilities to cater to different needs.

Based on your argument, the facilities in Minton is a waste of space.


Is Minton MSCP or basement CP ? this makes a little diff in the feel of "area per unit" thingy.

btw Livia has this one long stretch "jogging track" lookalike thing that's quite useless, even though the total area sounds bigger.

bigbertha
25-05-10, 14:57
Many thanks.
Looks like Minton is not that cramp afterall, relatively speaking.
But I think the distance to Nex is about from Clover by the Park to the MRT. Anything more than 15 mins is far and probably no one want to walk.
Can walk out to the bus stop along Upper Paya Lebar and hop on to a bus to the MRT ? No Sweat, mate !! :)

If need to pay > $900psf ... might as well try Tangerine Grove or Evania, both freehold ? I think TG latest transaction < $850 psf ... But of course, both these freehold projects are small as compared to Minton ...

amk
25-05-10, 15:27
Well, it depends if you are a jogger. It is just the diversity of facilities to cater to different needs.

it's not that. komo is trying to compare the "size per unit" for each project. I just want to highlight certain project's "total size" is not the same as the others. Imagine u have a plot of land 100k sqft. but out of the 100k, 20k sqft is a long narrow 4 meter width path that cannot be done for anything else other than a jogging track. like a "tail". effectively you are building on a 80k sqft land. Whereas another plot 100k sqft is more squarish, and you can build everything properly. for example the spacing of blocks could have been bigger.

gohsoonk
25-05-10, 17:18
In other words, the natural plot size is not optimal. That would be true.

The tail portion is used for the playground. The pro or Livia is that it has relatively huge and diverse facilities.

If you look closely, the distance between the stacks are okay (larger than most suburban development). It is the units within the stacks that are closely packed.

One cannot have everything I guess


it's not that. komo is trying to compare the "size per unit" for each project. I just want to highlight certain project's "total size" is not the same as the others. Imagine u have a plot of land 100k sqft. but out of the 100k, 20k sqft is a long narrow 4 meter width path that cannot be done for anything else other than a jogging track. like a "tail". effectively you are building on a 80k sqft land. Whereas another plot 100k sqft is more squarish, and you can build everything properly. for example the spacing of blocks could have been bigger.

bitebite
26-05-10, 05:28
In other words, the natural plot size is not optimal. That would be true.

The tail portion is used for the playground. The pro or Livia is that it has relatively huge and diverse facilities.

If you look closely, the distance between the stacks are okay (larger than most suburban development). It is the units within the stacks that are closely packed.

One cannot have everything I guess

It also depends on the height of the building. The higher it goes, the more land space there is for facilities. And the less crowded the place will look like.

Reporter
27-05-10, 21:26
Aiyo.. u actually "stalking" my caveat? :P
Having buyer's remorse now.. shouldn't have paid so much for a 99lh but can only chant.. "Ppty prices always go up in the long run. Ppty should be bought, not sold".

Oh btw, I received email about Minton's Launch tomorrow..
DAMN Cheap..





Project Description

Developer : Kheng Leong Pte Ltd

Project : Proposed Condominium Development Comprising of 10 Blocks of 15 Storey & 8 Blocks of 17 Storey Condominium Development

Address : 2 to 14 Hougang Street 11

Tenure : L99 years from 27 July 2007

Site Area : Approx. 500,000 sq ft (about size of 7 football fields)

Total No. of Units : 1145 units

No. of Carpark Lots : 1151 lots

Expected T.O.P. : 30 June 2015 (in S&P)
Targeted Completion Date : 31 Dec 2013 (subject to construction progressively)

Architect : DP Architects Pte Ltd

Interior Designer : Index Design Pte Ltd




Beautiful Landscape Garden in 3 Worlds - Wellness / Tranquil / Fun
Wellness World Tranquil World Fun World
- 50m Lap Pool - Cascading Waterfall - Badminton Dome (Indoor aircon)
- 90sqm Chipping Green - Library - Water Playground & Kids Pool
- Sun Decks - Relaxation Island - Dining Cabana
- 20m Heated Pool - Garden of Botanical Giants - Main Pool
- Jogging Trails - Tiger Orchid Pavillion - Pool Side Deck
- "Alice in Wonderland" Croquet Lawn - Amazonian Lily Pond - Grand Clubhouse
- Fitness Stations - Comtemporary Bridge function room
- Sky Terraces - Green Cabana yoga room
His & Hers Gym & Onsen Spas billiard & table soccer room
Hydro Massage karaoke room
Jacuzzi band room
Steams Room piano room
games room
Children's Palyground -
- 3 BBQ Pits
- Rock "N" Log Outdoor Chess Set
- Tennnis Court
- Dining Pavillion / BBQ
- BBQ Zones
- Treehouse Playground
1 BEDROOM

Stack 44 (2nd flr) : $560,000 ($800psf)
(8th flr) : $561,000 ($899psf)
(17th flr) : $606,000 ($971psf)

Stack 45 (2nd flr) : $494,000 ($752psf)
(8th flr ) : $495,000 ($902psf)
(16th flr) : $535,000 ($974psf)

Stack 61 (3rd flr ) : $602,000 ($848psf)
(5th flr) : $608,000 ($856psf)

Stack 67 (3rd flr) : $602,000 ($848psf)
$608,000 ($856psf)

2 BEDROOM

Stack 05 (3rd flr) : $766,000 ($774psf)
(8th flr) : $844,000 ($853psf)
(14th flr): $892,000 ($901psf)

Stack 08 (2nd flr) : $797,000 ($813psf)
(8th flr) : $841,000 ($858psf)
(14th flr) : $889,000 ($907psf)

Stack 22 (2nd flr) : $846,000 ($855psf)
(8th flr) : $890,000 ($899psf)
(14th flr) : $938,000 ($947psf)

Stack 23 (2nd flr) : $797,000 ($813psf)
(8th flr) : $841,000 ($858psf)
(14th flr) : $889,000 ($907psf)

Stack 46 (3rd flr) : $762,000 ($814psf)
(8th flr) : $798,000 ($853psf)
(16th flr): $862,000 ($921psf)

Stack 74 (2nd flr) : $821,000 ($838psf)
(8th flr) : $865,000 ($883psf)
(16th flr) : $929,000 ($948psf)

Stack 75 (2nd flr) : $837,000 ($854psf)
(8th flr) : $881,000 ($899psf)
(16th flr) : $945,000 ($964psf)


2 + STUDY

Stack 16 (2nd flr) : $886,000 ($799psf)
(8th flr) : $930,000 ($839psf)
(14th flr) : $978,000 ($882psf)

Stack 54 (2nd flr) : $895,000 ($823 psf)
(8th flr) : $939,000 ($864psf)
(16th flr) : $1,003,000 ($923psf)

Stack 55 (2nd flr) : $904,000 ($832 psf)
(8th flr) : $948,000($872psf)
(16th flr) : $1,012,000 ($931psf)

DUAL KEY

Stack 07 (2nd flr) : $1,088,000 ($749psf)
(8th flr) : $1,200,000 ($826psf)
(14th flr) : $1,272,000 ($875psf)

Stack 12 (2nd flr) : $1,088,000 ($749psf)
(8th flr) : $1,200,000 ($826psf)
(14th flr) : $1,272,000 ($875psf)


3 BEDROOM

Stack 06 (3rd flr) : $962,000 ($791psf)
(8th flr) : $1,010,000 ($831psf)
(14th flr) : $1,070,000 ($880psf)

Stack 09 (2nd flr): $1,010,000 ($831psf)
(8th flr): $1,070,000 ($880psf)
(14th flr): $1,130,000 ($929psf)

Stack 10 (2nd flr) : $1,010,000 ($831psf)
(8th flr) : $1,070,000 ($880psf)
(14th flr) : $1,130,000 ($921psf)

Stack 70 (2nd flr) : $991,000 ($815psf)
(8th flr) : $1,051,000 ($864psf)
(16th flr) : $1,131,000 ($930psf)

Stack 71 (2nd flr) : $1,010,000 ($831psf)
(8th flr) : $1,070,000 ($880psf)
(16th flr) : $1,150,000 ($946psf)


3 (PREMIUM) BEDROOM

Stack 61 (2nd flr) : $1,016,000 ($767psf)
(8th flr) : $1,134,000 ($849psf)
(16th flr) : $1,214,000 ($909psf)

Stack 67 (2nd flr): $1,037,000 ($783psf)
(8th flr): $1,146,000 ($858psf)
(16th flr): $1,226,000 ($918psf)

Stack 68 (2nd flr) : $1,090,000 ($823psf)
(8th flr) : $1,146,000 ($866psf)
(16th flr) : $1,226,000 ($926psf)


3 + STUDY

Stack 29 (2nd flr) : $1,176,000 ($786psf)
(8th flr) : $1,274,000 ($852psf)
(14th flr) : $1,346,000 ($900psf)

Stack 30 (2nd flr): $1,152,000 ($770psf)
(8th flr): $1,250,000 ($836psf)
(14th flr): $1,322,000 ($884psf)

4 BEDROOM

Stack 39 (2nd flr) : $1,306,000 ($788psf)
(8th flr) : $1,392,000 ($840psf)
(14th flr) : $1,482,000 ($894psf)

Stack 40 (2nd flr): $1,305,000 ($744psf)
(8th flr): $1,391,000 ($793psf)
(14th flr): $1,481,000 ($844psf)




A present from "focus" for those who need the pricing.

new2mondrian
28-05-10, 02:42
Minton is cheap. $8XXpsf for a studio. Decently priced for the number of facilities, and dollar quantum is low. What I heard was that the studios launched (stack 44 and stack 45) were all sold out (except for one unit) for tonight's closed door launch for ex-Minton residents.

This is one rare property launch where the studios are priced in the close psf proximity to the 2-bedders and 2+1 bedders. Which makes it for once, studios start to look attractive.

More action tomorrow. Let's wait and see. Anyone going down tmrw? Thinking of dropping by to KPO.

azeoprop
28-05-10, 08:08
OMG! The studios are so cheap!! :eek:

jitkiat
28-05-10, 08:28
OMG! The studios are so cheap!! :eek:

Same technique as TSR / Altez ... the psf seems to escalate quickly at 10psf per floor too :doh:

Reporter
28-05-10, 09:57
OMG! The studios are so cheap!! :eek:
Same technique as TSR / Altez ... the psf seems to escalate quickly at 10psf per floor too :doh:The pricing is really reasonable and the increase per floor is fair.

jitkiat
28-05-10, 11:21
The pricing is really reasonable and the increase per floor is fair.

Already priced in planter, balcony and bay windows for this project ...

jitkiat
28-05-10, 11:40
Anyone knows how big is planter + balcony for 2br? My guess will be 100sqft minimum:

http://3.bp.blogspot.com/__U-Yjnpad5g/S-97oxIyhRI/AAAAAAAAAuI/TKHFnDoE89A/s1600/BR2.JPG

Xan
28-05-10, 11:44
A present from "focus" for those who need the pricing.

I try to compare this project with two other similar project (tree house and estuary) - since they are launched recently.

(Minton 1 bedder and 2 bedders)-Priced very similar or slightly higher than estuary. 3/4 bedder priced much higher than estuary.
Definitely priced better than Tree House. (given its location)
But 3/4 bedders priced quite expensive tho. Dual Key units are priced quite attractively.
Attractive in terms of facilities but not sure what are the chances to book the dome badminton court when competing with over 1000 residence. (probably today book then next year can get?)
Dun seems to be within comfortable walking distance to MRT. Views nothing to shout about, seeing the low rise building mainly. I'm not quite sure abt this, prob need to go down to see & cfm.

I guess this project will be a sell out, probably 4 bedder and 3 bedder last to move.

devilplate
28-05-10, 15:37
Just went to the showflat.

Very packed today...goto queue to enter the carpark. Showflat is very packed and very HOT...like no aircon!

furnishing very mass market...soso and nothing to shout about. seems lots of HDB upgradders.

most units will have some unblocked views over landed areas or facing own pool/landscaping. Nice basement carpark, got extra visitors lots, lots of facilities and even a childcare centre(very gd plus point for families)

not possible to walk to srgn MRT however they giving free shuttle service.

I was told 2% discount for first 150buyers...duno whether its a gimmick anot..

pricing 850psf on average....it seems acceptable now and nobody will dare to say it is ridiculous. I wud say the mass market pricing has gone up from 6xxpsf to currently 8xxpsf oredi.

Wild Falcon
28-05-10, 16:45
Furnishings mass market is ok lah. After all, you have to buy your own furniture when you move in and u just get bare walls and some fixtures when TOP. I know of some recently-TOP projects, showflat look very nice but now TOP look like shit with popped and cracked tiles. Never ever buy a house based on the designer sofa or carpet....

But I don't like condos with >1000 units, just seem too crowded already - unless it has double the facilities of a 400+ units condo, e.g. 4-5 tennis courts instead of 2, 2 olympic sized pools - or else it will SURELY be crowded. The price is quite steep considering it's not near any MRT? But then, nowadays, it's hard to find condo launch at <900psf.

Looks like mass market is still HOT! Considering the mid-market has gone all ridiculous with $1500psf pricing - it is no wonder mass market is so popular because people no longer see value in paying $700psf more ($1500-$800) which mean $700k more for a 1000sqft unit at the city fringe which is only 2km away from "mass market" areas. The distinction between the "mass" market and "mid" market is becoming less important as people go for quality of life and try to reduce unnecessary debt burden of paying $700k more for essentially almost the same thing. $700k cash or debt burden can be saved for other things in life :)


Just went to the showflat.

Very packed today...goto queue to enter the carpark. Showflat is very packed and very HOT...like no aircon!

furnishing very mass market...soso and nothing to shout about. seems lots of HDB upgradders.

most units will have some unblocked views over landed areas or facing own pool/landscaping. Nice basement carpark, got extra visitors lots, lots of facilities and even a childcare centre(very gd plus point for families)

not possible to walk to srgn MRT however they giving free shuttle service.

I was told 2% discount for first 150buyers...duno whether its a gimmick anot..

pricing 850psf on average....it seems acceptable now and nobody will dare to say it is ridiculous. I wud say the mass market pricing has gone up from 6xxpsf to currently 8xxpsf oredi.

Xan
28-05-10, 18:31
Singaporean mostly go for affordability. In today's context when prices are sky high, you are right especially when mass market project (compared to mid range projects) starts with lower quantum and thus, more room in terms of profit margin. In bad times, this theory reversed.
Even in crisis, mass market price would not plunge too drastically and relatively safe to buy for own stay or investment.

I predict Minton will stand a better chance to sell out completely within a short time frame. This project is definitely more worth buying than Tree House and the vision. (sorry I might offend someone but its just my personal opinion.) But then, the trade-off is, I'm not comfortable to compete with more than 1000 units for facilities. (This make the project too mass market)

Waterbank has nice location, but its a mid range project and priced quite high. Can't see much room for profit in future.

Anyway, anything can happen, just like world cup.

Wild Falcon
28-05-10, 20:27
For 1 unit of mid-market condo launched at $1500psf, you can buy 2 units of mass market at $800psf (assuming a small second unit or resale second unit can be bought for $700psf). The second unit can be used to generate passive rental income. That is why mass is getting popular - people are no longer seeing value in paying so much more for essentially a condo just 2 km away - and worst still, the mid-market ones tend to have higher density, less landscape and poorer facilities :)


Singaporean mostly go for affordability. In today's context when prices are sky high, you are right especially when mass market project (compared to mid range projects) starts with lower quantum and thus, more room in terms of profit margin. In bad times, this theory reversed.
Even in crisis, mass market price would not plunge too drastically and relatively safe to buy for own stay or investment.

I predict Minton will stand a better chance to sell out completely within a short time frame. This project is definitely more worth buying than Tree House and the vision. (sorry I might offend someone but its just my personal opinion.) But then, the trade-off is, I'm not comfortable to compete with more than 1000 units for facilities. (This make the project too mass market)

Waterbank has nice location, but its a mid range project and priced quite high. Can't see much room for profit in future.

Anyway, anything can happen, just like world cup.

Komo
28-05-10, 20:31
Furnishing is disappointing. Maybe larger portion of the development & construction cost go to facilities and landscaping.
Some stacks seem very close to the opposite block. Otherwise distance between blocks generally look ok though about 30m to less than 50m away. (using the lap pool as a guide)
Location is not ideal. Need a car or use shuttle service.
I suppose overall not so much of a investment potential (my take is price upside from launch price is very limited) but rather for own stay (doesn't matter if value drop).

new2mondrian
28-05-10, 21:03
deleted post

focus
28-05-10, 21:22
Agreed. Not much investment value but very suitable for own stay.
Imagine a 3bedrm cost 1.1mil while a 4bedrm cost 1.4mil.. very affordable in today's context.

The landscape is massive! and facilities are damn good imho. and I think those high floor facing the landed will get a very beautiful cityview at night.

Maybe the hotness could be people looking at nearer city for own stay have given up and would rather save the $500-700k by being a little further away.. It makes more sense then.

Anyway.. not buying coz no investment value. I dunno who to rent to.

jitkiat
28-05-10, 21:26
I think the main pool (about X 2 50m lap pool) & 50m lap pool are not enough for 1100 units. Minton (Kheng Leong)'s design, facilities and internal furnishing look very similar to DBR (by Kheng Leong + UOL) :D

They made mistakes:

1. Actual showflat too far from actual site which has a much better feel
2. Aircon not working, showflat stuffy like sauna :beats-me-man:
3. They never put the "sold out" stickers
4. They put 2 single beds in the 2nd bedroom which shows how SMALL the room really is

azeoprop
28-05-10, 21:47
1 bedder still available? Maybe tomorrow go kaypo a bit. :rolleyes:

august
28-05-10, 22:27
did i miss it? what is the name of the project?

devilplate
28-05-10, 23:16
1 bedder still available? Maybe tomorrow go kaypo a bit. :rolleyes:

stack 43 will be nice if they release

there r 700sqft type 1bedder which cost ~600-650k...rental yield no gd...shd only expect ~1.8k/mth rite

azeoprop
28-05-10, 23:46
stack 43 will be nice if they release

there r 700sqft type 1bedder which cost ~600-650k...rental yield no gd...shd only expect ~1.8k/mth rite

700sqft ones not those with PES? :beats-me-man:

devilplate
29-05-10, 00:07
700sqft ones not those with PES? :beats-me-man:

apparently..no

new2mondrian
29-05-10, 00:53
Since I have been staring at Minton's studios all day, here's my inputs:

1) Stack 44 (624sqft) and Stack 45 (550sqft) released ytd were fully sold by last night, except for 12-44 ($569k). But anyway, heard that unit was gone before they even open for business today. And strangely enough, the Levels 3-5 for Stack 61 to 67 (both 710sqft) were also released last night.

2) Stack 48 (700sqft), 51 (700stft) and 52 (700sqft) were released this morning.

From the floor plan, there are slight differences.

(A) No internal chute (common chute) and no household shelter (common staircase is the HS) for stack 44 and 45. Can be good or bad, depending on how you look at it.

Stack 44 has a study (which potentially can be partitioned to become 1bedder+study). Stack 45 is a pure studio (without study). The cheapest unit at Stack 45 is #03-45, costing $464,520.

Stack 44 and 45 overlooks the garden and cascading waterfalls. East facing. Unblocked.

(B) Internal chute and household shelter for stack 48,51 and 52.

Actually the floor plans for these 3 stacks are roughly the same. Stack 52 has a smaller balcony/planter but comes with bay window in the MBR. PSF is also roughly the same. Approx $600-620k for a lower floor unit.

The PES units can go up to 797sqft. Not small for studios. The only good thing is that most studios with PES are on Level 2 (not 1). At least there's some privacy.

Acually people buying into the Minton should be looking from a self stay perspective and not an investment perspective. There is limited upside; but for self-stay, it is really quite comfortable. I never believed in studios that are 300-400sqft in size. There must be a minimum space for an individual to live comfortably. And for studio living, the devt should have sufficient common spaces/facilities and landscaping. Otherwise can get really claustrophobic.

There is a Minton Shuttle Bus to Serangoon MRT station (interchange station for Circle Line and NE Line) and Nex Mall. Hopefully that should make living there a little more convenient.

devilplate
29-05-10, 01:03
Since I have been staring at Minton's studios all day, here's my inputs:

1) Stack 44 (624sqft) and Stack 45 (550sqft) released ytd were fully sold by last night, except for 12-44 ($569k). But anyway, heard that unit was gone before they even open for business today. And strangely enough, the Levels 3-5 for Stack 61 to 67 (both 710sqft) were also released last night.

2) Stack 48 (700sqft), 51 (700stft) and 52 (700sqft) were released this morning.



stack 44 and 43 mirror image....they have the best layout and best unblock view of own landscaping, can partition up the master bedrm to become a proper 1bedder. i only keen in stack 43..but not release...high chance they will up the price later...so stack 44 buyers shd be happy now..haha

it seems ppl here r mostly gunning at 1bedder for investment...if wana invest in Minton, shd go for 2bedder...easier to sell to genuine home buyers later on :2cents:

by the way, any sales update as of today?

new2mondrian
29-05-10, 01:26
stack 44 and 43 mirror image....they have the best layout and best unblock view of own landscaping, can partition up the master bedrm to become a proper 1bedder. i only keen in stack 43..but not release...high chance they will up the price later...so stack 44 buyers shd be happy now..haha

it seems ppl here r mostly gunning at 1bedder for investment...if wana invest in Minton, shd go for 2bedder...easier to sell to genuine home buyers later on :2cents:

by the way, any sales update as of today?

Agree. Too bad missed the stack 44 launch ytd. Common sentiment at the showflat is that the developer is trying to move the larger studios first, the smaller ones will only be launched later with price increase. But sales talk is sales talk. Can never be trusted.

Personally I prefer the studio unit not to have an internal chute and HS. Takes up precious space in a small unit. Well. =p

Sales look good. Tonnes of HDB upgraders. But the strategy was bad. Very disorganised and agents seem quite confused. And the floorplans went out of stock after 2pm. With so many different layouts, even the agents were confused as to how the layout for each stack is like, not to say whether it comes with HS/internal chute as well. And there are no "SOLD" stickers. No one is even sure whether a unit is still available or not. Not to mention that there are 3 groups of hungry agents from ERA/CBRE/KF going after the same pie.

The cheapest 2-bedders launched are at Stack 46. $746k for a 3rd floor unit. Agree also that 2 bedders are better invt than 1 bedders, for those buying for investment and not for self consumption. But stack 46 looks right into the retail shops (one of which is a childcare) for all rooms in the unit. Hence it is priced this way for a reason as well.

august
29-05-10, 11:49
so what is the name of this project???

Xan
29-05-10, 12:11
I remember when Estuary was launched at $8xx psf for 1 bedder/2bedders, many people are cynical abt the price. Now the reverse is seen and people began to accept Minton's launch at $8xx psf is reasonable and cheap. Such an interesting difference in opinion when it just occur 3mths ago. :doh:

Komo
29-05-10, 15:02
I was puzzled why the ceiling height not "even". eg. the kitchen is only 2.4m. I don't see this in other development. It's already quite cramp and worse with a lower height.

Komo
29-05-10, 15:09
I remember when Estuary was launched at $8xx psf for 1 bedder/2bedders, many people are cynical abt the price. Now the reverse is seen and people began to accept Minton's launch at $8xx psf is reasonable and cheap. Such an interesting difference in opinion when it just occur 3mths ago. :doh:

Minton's 1/2 bedder is too expensive. Any rental yeild (if there is anyone still interested in leasing) will be very lower. Investment potential not there.
I believe the target group is mainly retiress and families who want to stay close with their parents. I heard that 1/2 bedders are mainly taken up by the previous Minton owners (heard they had 2-3% discount).
Estuary will likely attract good rental yield from good demand.
I can't see how Minton can be comparable at all to Estuary.

azeoprop
29-05-10, 15:12
Was there this morning, not much people. But most of those released were sold. 1 bedder left those big big ones. 2 bedders the cheapest was 03-46 936sqft $762k, 04-46 768k facing the walls of the shops. 03-08 980sqft facing main road is $803k.

The cheapest psf is the 2 bedder PES 01-08, 01-23 $876k 594psf.

I don't really like the dark flooring they provide. :beats-me-man:

jitkiat
29-05-10, 15:40
So far 150 + units sold according to agent.

Xan
29-05-10, 16:01
Minton's 1/2 bedder is too expensive. Any rental yeild (if there is anyone still interested in leasing) will be very lower. Investment potential not there.
I believe the target group is mainly retiress and families who want to stay close with their parents. I heard that 1/2 bedders are mainly taken up by the previous Minton owners (heard they had 2-3% discount).
Estuary will likely attract good rental yield from good demand.
I can't see how Minton can be comparable at all to Estuary.

My sentiment shares. Even in terms of views outside, Estuary overlooks the reservior and much nearer to mrt. But i must say Minton's facility is quite attractive.
So far any more 1/2 bedder @ Minton? But then, I feel that the price is still quite reasonable lah compared to Tree house and Vision.
Was surprised the crowd today was not so pack as compared to previous days. Is it because all smaller units have been taken up which expains y lesser crowd?

Wild Falcon
29-05-10, 19:08
Not fantastic performance compared to Treehouse or Vision. But I think the close to 1200 units is quite a turn off for some - cannot imagine how crowded the pool will be. And somehow I suspect many believe the "wild wild west" has greater potential in the future.


So far 150 + units sold according to agent.

ulrich76
30-05-10, 18:55
My sentiment shares. Even in terms of views outside, Estuary overlooks the reservior and much nearer to mrt. But i must say Minton's facility is quite attractive.
So far any more 1/2 bedder @ Minton? But then, I feel that the price is still quite reasonable lah compared to Tree house and Vision.
Was surprised the crowd today was not so pack as compared to previous days. Is it because all smaller units have been taken up which expains y lesser crowd?

Just went today. Din know its by appointment only :-P Anyway, an agent set up an instant "appointment" for me at the entrance.

Was looking at 2 bedders. Some comments;

1. 2nd room cannot put queen bed (In fact in the floor plans, all the non master bedrooms of all types of units can only put in single bed, which is puzzling)

2. Master rm toilet no bathtub

3. Balcony easily took up about 120sqft of space

4. 2+ study's "study" looks pathetic, only a strip of space, cannot even put sofa bed.

Price for a 2BR 980 sqft 12th flr unit is about 900psf or about $880k, which is rather steep. Begs the question whether one shd go for Kovan Residences, whose 890sqft 2 bedders would probably cost abt $850k on the secondary mkt now.

Wildcard is the facilities, which are very impressive. Having a spa, heated pool and jogging track is quite appealing. But other drawbacks include a high level of road traffic in the paya lebar, hougang ave 3 area. Also having 1000 sets of neighbours may be a little too cosy :-P

maisonjai
30-05-10, 20:49
can't believe it they only provide ceramic tiles for 2bedders, like that no difference from a hdb. Must say it's good for upgraders around that area. Basement carpark got those green/red light indicators :scared-5:. Is this Sg 1st for residential?

when TOP, the spa likely to have long queue.

acewee
30-05-10, 20:57
Anyone thinks that The Minton is bad? Well, the developer does. That's why they have a 'Bad' Minton court. :doh:

Sorry for the lame joke. Just thought of brightening up whats left of the long weekend. :scared-2:

Wild Falcon
30-05-10, 23:46
You thought of this "cold" joke yourself? How creative.

BAD Minton Court :)


Anyone thinks that The Minton is bad? Well, the developer does. That's why they have a 'Bad' Minton court. :doh:

Sorry for the lame joke. Just thought of brightening up whats left of the long weekend. :scared-2:

Regulators
31-05-10, 00:12
:D hahaha...i find that really funny even though it is lame...



Anyone thinks that The Minton is bad? Well, the developer does. That's why they have a 'Bad' Minton court. :doh:

Sorry for the lame joke. Just thought of brightening up whats left of the long weekend. :scared-2:

Wild Falcon
31-05-10, 00:17
Hard to say Minton is much better value than Treehouse or The Vision - very different areas - Hougang vs West Coast vs Chestnut - how to compare? Minton has close to 1200 units while Treehouse has 400+ units and Vision 280 units. Treehouse is a green building surrounded by nature reserves and while West Coast has "sea" view (albeit Singapore polluted sea) - both are good "concept" condos that sell well. I actually find Minton prices quite steep for Hougang and >1000 units - might feel more like a HDB estate - nowadayds HDB estate outside also got landscaping and water features.


Singaporean mostly go for affordability. In today's context when prices are sky high, you are right especially when mass market project (compared to mid range projects) starts with lower quantum and thus, more room in terms of profit margin. In bad times, this theory reversed.
Even in crisis, mass market price would not plunge too drastically and relatively safe to buy for own stay or investment.

I predict Minton will stand a better chance to sell out completely within a short time frame. This project is definitely more worth buying than Tree House and the vision. (sorry I might offend someone but its just my personal opinion.) But then, the trade-off is, I'm not comfortable to compete with more than 1000 units for facilities. (This make the project too mass market)

Waterbank has nice location, but its a mid range project and priced quite high. Can't see much room for profit in future.

Anyway, anything can happen, just like world cup.

Regulators
31-05-10, 00:45
HDB design and private are equally nice and some hdb designs are even better than a lot of the private i see. IMO I would rather live in the future Dawson estate or the current pinnacle @ duxton than to live in let's say Case Aereta at Geylang, Suites @ Guillamard, Siglap V, The Lenox etc (including the whole lot of buay gxx MM apartments) or some ugly slab blocks above some shopping centre like some ugly so-called condo beside Boon Lay MRT :doh: :doh:


Hard to say Minton is much better value than Treehouse or The Vision - very different areas - Hougang vs West Coast vs Chestnut - how to compare? Minton has close to 1200 units while Treehouse has 400+ units and Vision 280 units. Treehouse is a green building surrounded by nature reserves and while West Coast has "sea" view (albeit Singapore polluted sea) - both are good "concept" condos that sell well. I actually find Minton prices quite steep for Hougang and >1000 units - might feel more like a HDB estate - nowadayds HDB estate outside also got landscaping and water features.

august
31-05-10, 00:50
HDB design and private are equally nice and some hdb designs are even better than a lot of the private i see. IMO I would rather live in the future Dawson estate or the current pinnacle @ duxton than to live in let's say Case Aereta at Geylang, Suites @ Guillamard, Siglap V, The Lenox etc (including the whole lot of buay gxx MM apartments) or some ugly slab blocks above some shopping centre like some ugly so-called condo beside Boon Lay MRT :doh: :doh:

ah but u see Dawson is queenstown leh, good location ~

devilplate
31-05-10, 01:14
pinnacle and dawson cfm hit 1mil in future

most exp HDB liao...

minton ok mah...ppl can only criticise 1k+ units/not near MRT...tats all...no major resistance. most units r quiet and not too far to city...mai hiam bey pai la....EC oredi gona launch ard 650-700psf...8xxpsf ok liao..6mths later u will find minton price ok liao...just like now estuary 7xxpsf become cheap

kane
31-05-10, 01:27
HDB design and private are equally nice and some hdb designs are even better than a lot of the private i see. IMO I would rather live in the future Dawson estate or the current pinnacle @ duxton than to live in let's say Case Aereta at Geylang, Suites @ Guillamard, Siglap V, The Lenox etc (including the whole lot of buay gxx MM apartments) or some ugly slab blocks above some shopping centre like some ugly so-called condo beside Boon Lay MRT :doh: :doh:

the dawson sky terrace or skyville, i remember there's one, looks really nice and cutting edge. but the 5 room really quite small. then again, it's probably in line with all those new condos. only enough room for one single bed in the secondary bedrooms.

Regulators
31-05-10, 02:40
i thought the lofts for the sky terrace look cool, especially if you are above 30 floors and facing the city.


the dawson sky terrace or skyville, i remember there's one, looks really nice and cutting edge. but the 5 room really quite small. then again, it's probably in line with all those new condos. only enough room for one single bed in the secondary bedrooms.

2824
31-05-10, 08:33
I think overall the performance was not helped by the governement releasing so many sites in 2nd half. Most (all) of those sites are similar to Minton all not near to the MRT. So maybe some pple held back especially if they are not among the first 1XX++ who are entitled to the extra discount.


So far 150 + units sold according to agent.

jitkiat
31-05-10, 09:48
180 units sold as reported in Biz Times, not that fantastic considered ex-owners form large portion of the buyers ....

IMO, 2br price (850-900psf, quantum above 800k) is too steep given the 10% unusable space & relatively small main pool for 1,144 units. Might as well buy subsale from Kovan Melody/Residences ,8@W, WFW, WFK or DBR.

urban
31-05-10, 10:22
180 units sold as reported in Biz Times, not that fantastic considered ex-owners form large portion of the buyers ....


Do the ex-owners, now buyers of the new units earn from their enbloc?
Or do they just swap old for newer but smaller units?

DC33_2008
31-05-10, 10:37
180 units sold as reported in Biz Times, not that fantastic considered ex-owners form large portion of the buyers ....

IMO, 2br price (850-900psf, quantum above 800k) is too steep given the 10% unusable space & relatively small main pool for 1,144 units. Might as well buy subsale from Kovan Melody/Residences ,8@W, WFW, WFK or DBR.

It is so near to mrt stn. Anyone knows how many minutes walk?

jitkiat
31-05-10, 10:43
It is more than 1km walk from Serangoon MRT with no shelter. Ex owner given 600+k each only so they need to top up 200k for 2br, 400k for 3br.

See the map below:

http://www.streetdirectory.com/asia_travel/travel/travel_id_5771/travel_site_84291/

DC33_2008
31-05-10, 11:00
It is more than 1km walk from Serangoon MRT with no shelter. Ex owner given 600+k each only so they need to top up 200k for 2br, 400k for 3br.

See the map below:

http://www.streetdirectory.com/asia_travel/travel/travel_id_5771/travel_site_84291/

It is a bad deal for the ex-owner. Better to buy for Kovan residences. Even better to buy FH Primo residences.

devilplate
31-05-10, 11:05
KR oni left with big units mah.. 2bedder subsale shd b close to 1kpsf liao

maisonjai
31-05-10, 11:09
HDB design and private are equally nice and some hdb designs are even better than a lot of the private i see. IMO I would rather live in the future Dawson estate or the current pinnacle @ duxton than to live in let's say Case Aereta at Geylang, Suites @ Guillamard, Siglap V, The Lenox etc (including the whole lot of buay gxx MM apartments) or some ugly slab blocks above some shopping centre like some ugly so-called condo beside Boon Lay MRT :doh: :doh:

is it this one? i like it too. Skyterrace@dawson

http://i1029.photobucket.com/albums/y358/maisonjai/sky.jpg

devilplate
31-05-10, 11:12
tats the dual key layout

devilplate
31-05-10, 11:14
govt goto raise up the income ceiling soon

jitkiat
31-05-10, 11:44
KR oni left with big units mah.. 2bedder subsale shd b close to 1kpsf liao

Quantum about the same, Kovan Melody can immediately move in, has more efficient / usable layout and less crowded at the pool/gym, next to MRT/mall so better rental yield. I will take Kovan Melody subsale anytime.

21 Kovan Road #10-13
99 Yrs From 20/01/2004
$893
893
$798k
19 Mar 10

DC33_2008
31-05-10, 11:48
Quantum about the same, Kovan Melody can immediately move in, has more efficient / usable layout and less crowded, near MRT/mall so better rental yield. I will take Kovan Melody subsale anytime.

21 Kovan Road #10-13
99 Yrs From 20/01/2004
$893
893
$798k
19 Mar 10

Developer has kept it for a while before starting to develop it as the lease started in Jan 2004.

2824
31-05-10, 12:21
But some want brand new, while some can't bear the thot of enriching the present owners, they rather enrich the developer. :confused:


Quantum about the same, Kovan Melody can immediately move in, has more efficient / usable layout and less crowded at the pool/gym, next to MRT/mall so better rental yield. I will take Kovan Melody subsale anytime.

21 Kovan Road #10-13
99 Yrs From 20/01/2004
$893
893
$798k
19 Mar 10

Regulators
31-05-10, 12:36
should be this one. i heard the size of the lofts for the 4 bedder is only 97sm, not sure what the sizes are for the 5 bedroom lofts. IF you compare this to many condo projects, i think it can out those condos to shame, so hdb is really upping the ante for private property designs.


is it this one? i like it too. Skyterrace@dawson

http://i1029.photobucket.com/albums/y358/maisonjai/sky.jpg

devilplate
31-05-10, 14:01
But some want brand new, while some can't bear the thot of enriching the present owners, they rather enrich the developer. :confused:

given a choice...i always buy from developer...unless firesale resale.

let say 500units...still got 100units 1st owner who bot at 5xxpsf...den u 2 or 3rd owner who buy at 9xxpsf..during downturn...some of those 100units 1st owners may gancheong and anyhow throw their units....tats the problem.

however, i dun mind if buying resale if 1st owner sell at loss...:D :D :D

teddybear
31-05-10, 15:03
:confused:???
Regardless of whether buy resale or buy from Developer, if got 100 units 1st owners want to sell cheap still will sell cheap right?
In this case why not buy cheap from 1st owner rather than higher price from developer?


given a choice...i always buy from developer...unless firesale resale.

let say 500units...still got 100units 1st owner who bot at 5xxpsf...den u 2 or 3rd owner who buy at 9xxpsf..during downturn...some of those 100units 1st owners may gancheong and anyhow throw their units....tats the problem.

however, i dun mind if buying resale if 1st owner sell at loss...:D :D :D

novel
31-05-10, 16:08
may I know this is basement or multistorey carpark? :confused:

Autonomy
31-05-10, 16:24
may I know this is basement or multistorey carpark? :confused:

Its basement carpark.

novel
31-05-10, 16:36
surprisingly this one has basement carpark even thou it has 1000+units, for some projects of 600-800+ units they will have multistorey carparks. :rolleyes:

new2mondrian
31-05-10, 17:06
Developer has kept it for a while before starting to develop it as the lease started in Jan 2004.

Tenure of land: 99 years from 27 July 2007
Expected date of completion: 31 Dec 2013


It is so near to mrt stn. Anyone knows how many minutes walk?

Approx 1km from Serangoon/Bartley/Kovan MRT. Not walkable in my opinion. There is shuttle bus service to Serangoon MRT and NEX Mall.


180 units sold as reported in Biz Times, not that fantastic considered ex-owners form large portion of the buyers ....

IMO, 2br price (850-900psf, quantum above 800k) is too steep given the 10% unusable space & relatively small main pool for 1,144 units. Might as well buy subsale from Kovan Melody/Residences ,8@W, WFW, WFK or DBR.

I think it may not be an apple to apple comparison. The size of the land plot and the range of facilities/landscaping for Minton is far more extensive than any of the rest of the projects mentioned.

new2mondrian
31-05-10, 17:19
surprisingly this one has basement carpark even thou it has 1000+units, for some projects of 600-800+ units they will have multistorey carparks. :rolleyes:

There is guided parking system (similar to large shopping complexes such as Suntec/Raffles City/Vivo to show real time updates of how many lots at each level/car park direction; with vacant lots being marked with a green light above). More than 1150 carpark lots. The underground parking complex itself will be pretty massive.

Ceiling height is for each unit is 2.9m, or 2.7m for areas where there is false ceiling to conceal aircon piping.

novel
31-05-10, 17:32
There is guided parking system (similar to large shopping complexes such as Suntec/Raffles City/Vivo to show real time updates of how many lots at each level/car park direction; with vacant lots being marked with a green light above). More than 1150 carpark lots. The underground parking complex itself will be pretty massive.

Ceiling height is for each unit is 2.9m, or 2.7m for areas where there is false ceiling to conceal aircon piping.

wow that's cool!! But the development is too big not to my comfort zone.

new2mondrian
31-05-10, 18:34
wow that's cool!! But the development is too big not to my comfort zone.

Agree. The AGM/EGM will be a thousand-people affair. :doh:

I like smaller devts that are less than 200 units. But since my parents are moving into a studio to collect some rental income out of their HDB 5-rm flat in Queenstown, it makes sense to find a large devt that has comprehensive facilities and large land plot such that they can walk around the estate without feeling cramped.

devilplate
31-05-10, 19:29
Agree. The AGM/EGM will be a thousand-people affair. :doh:

I like smaller devts that are less than 200 units. But since my parents are moving into a studio to collect some rental income out of their HDB 5-rm flat in Queenstown, it makes sense to find a large devt that has comprehensive facilities and large land plot such that they can walk around the estate without feeling cramped.

gd for oldies....can make lots of frens

azeoprop
31-05-10, 21:58
What happened to the days of 600psf? :( 2 bedder for 800k is a bit difficult for me to digest.

3C
31-05-10, 22:23
What happened to the days of 600psf? :( 2 bedder for 800k is a bit difficult for me to digest.

It is not a question of never but when.
Just need patient to wait for the next down phase.
"when" is the million dollar question. Maybe not
new launch as developer can hold back. Maybe the
resale market. Small developer also scare that they launch
at the wrong time. If u are not hurry... then sit back & :cheers1:

august
31-05-10, 23:15
Agree. The AGM/EGM will be a thousand-people affair. :doh:

I like smaller devts that are less than 200 units. But since my parents are moving into a studio to collect some rental income out of their HDB 5-rm flat in Queenstown, it makes sense to find a large devt that has comprehensive facilities and large land plot such that they can walk around the estate without feeling cramped.

u can also look at Interlace, even larger land plot, not to mention the southern ridges and park trails

Autonomy
01-06-10, 09:36
u can also look at Interlace, even larger land plot, not to mention the southern ridges and park trails

Interlace left with only bigger units from 3 bedroom onwards. The smallest 3 bedroom is asking for around $1.4mil.

cheerful
01-06-10, 09:43
Interlace left with only bigger units from 3 bedroom onwards. The smallest 3 bedroom is asking for around $1.4mil.

Hi .. is its smallest 3 bedder comparable to this minton in size?

bargain hunter
01-06-10, 09:48
yo, cheerful! the smallest 3 bedder at interlace is larger than the ones at the minton. it is comparable in size to the "premium" 3 bedders at the minton. location, design and quality accounts for the 30% difference in price. :)

on a side note, i think we don't have 4D number to buy for May sales liao. :(


Hi .. is its smallest 3 bedder comparable to this minton in size?

cheerful
01-06-10, 10:08
yo, cheerful! the smallest 3 bedder at interlace is larger than the ones at the minton. it is comparable in size to the "premium" 3 bedders at the minton. location, design and quality accounts for the 30% difference in price. :)

on a side note, i think we don't have 4D number to buy for May sales liao. :(

Oh ok, thanks for the info ... juz curious although the two are not comparable at all. Interlace is definitely much much betta in terms of location lah (plus a more reputable developer).

Kekekeee ... perhaps perhaps ... nvr see gd of this minton :p .. large no. of units but don't think will contribute to the sales even if it were to launch earlier ..
:tongue3:

azeoprop
01-06-10, 10:15
Maybe got chance for "Starbuys". With so many units, it will take a long long time to sell. :)

bargain hunter
01-06-10, 10:17
obviously the interior/exterior design also way superior for interlace.

i dun understand developers these days, not only this project, city dev also, 3 bedroom units, usually at worst is 1 small bedroom, nowadays only the masterbedroom can fit in a queen bed. its such a downgrade in space for hdb upgraders.

don't say until like that leh, 180 units snapped up in 1 weekend wor hahaha...funny, the press stopped using the phrase "snapped up" already and i forgot where i read, was it in this thread or by some agent that this will be a sold out project? :D



Oh ok, thanks for the info ... juz curious although the two are not comparable at all. Interlace is definitely much much betta in terms of location lah (plus a more reputable developer).

Kekekeee ... perhaps perhaps ... nvr see gd of this minton :p .. large no. of units but don't think will contribute to the sales even if it were to launch earlier ..
:tongue3:

new2mondrian
01-06-10, 10:18
u can also look at Interlace, even larger land plot, not to mention the southern ridges and park trails

Agree that Interlace is nice... but dollar quantum is too high. The Minton studio (700sqft) cost me about $59Xk. Not too bad... in exchange for a condo lifestyle for them in the suburbs and the ability to monetise their HDB 5-room. Monthly maintenance is $190, comparable to HDB (conservancy plus car-parking).

Anyway, I am vested at the Minton. I bought a unit for my parents to live their retirement days there. Different folks, different strokes. I am bullish on the Serangoon/Woodleigh sector too. As more land gets tendered out, there will be more amenities there over the medium/long term.

Anyone vested at the Minton too?

2824
01-06-10, 10:20
Wah may sales is so poor. :eek: Maybe the G shd reconsider the massive GLS. think the GLS is abit overdone at this stage.

on a side note, i think we don't have 4D number to buy for May sales liao. :([/quote]

bargain hunter
01-06-10, 10:21
i think the studio is the only good buy in this project. :) for the other types of units, design is bad for hdb upgraders.



Agree that Interlace is nice... but dollar quantum is too high. The Minton studio (700sqft) cost me about $59Xk. Not too bad... in exchange for a condo lifestyle for them in the suburbs and the ability to monetise their HDB 5-room. Monthly maintenance is $190, comparable to HDB (conservancy plus car-parking).

Anyway, I am vested at the Minton. I bought a unit for my parents to live their retirement days there. Different folks, different strokes. I am bullish on the Serangoon/Woodleigh sector too. As more land gets tendered out, there will be more amenities there over the medium/long term.

Anyone vested at the Minton too?

cheerful
01-06-10, 10:23
As what azeopop says, maybe can wait for 'starbuy' lor :D ... how to sell such a large plot which furthermore, wasn't exactly acquired at a gd price :rolleyes:
Guess some dev really slow .. wait & wait, then wait until bad news come out then launch big big projects ..:confused:


Another 2 wks to go ... maybe 9xx this time :sleep:

bargain hunter
01-06-10, 10:27
LOL, that's just my guess. I simply added Cascadia, Flamingo Valley and The Minton sales numbers to estimate a total of 300+ units max. i don't think the other projects sold 600+ units so we probably won't get a 4D number. :ashamed1:

GLS cannot be an on and off thing. Else, G will lose policy credibility. can't just look at one poor month of sales then reconsider the GLS. If we look at it this way, then the govt should flood the market with GLS sites after April's boom numbers and then stop after May's weaker numbers. Policy flip flop is a no-no. :tsk-tsk:



Wah may sales is so poor. :eek: Maybe the G shd reconsider the massive GLS. think the GLS is abit overdone at this stage.

on a side note, i think we don't have 4D number to buy for May sales liao. :([/quote]

new2mondrian
01-06-10, 10:28
i think the studio is the only good buy in this project. :) for the other types of units, design is bad for hdb upgraders.

Totally agree too. The studios are the only ones that got me excited. Not easy to find studios priced at $840-$850 psf anywhere in Singapore.... The entry price is very comfortable. Which makes it hard to beat. Even the 8@W studios were priced around $1kpsf at their launch in June 2009.

Good for retirees. My folks are totally excited. And there is minimart/cafe/laundromat within the devt to cater to their needs also.

Autonomy
01-06-10, 10:34
Oh ok, thanks for the info ... juz curious although the two are not comparable at all. Interlace is definitely much much betta in terms of location lah (plus a more reputable developer).

Kekekeee ... perhaps perhaps ... nvr see gd of this minton :p .. large no. of units but don't think will contribute to the sales even if it were to launch earlier ..
:tongue3:

Interlace land size is bigger than Minton also. But Interlace furnishing nothing to shout about. Also the agent keeps stressing that the unique exterior of Interlace will soon be featured in our Singapore Post Cards :)

bargain hunter
01-06-10, 10:36
aiyah i wanted to say 9xx but u chope liao, let you win, i say 899. :tongue2:

i thought developer got a good price for minton?

could it be that big development needed more time to prepare?

my personal guess is that because this developer is a WCY private vehicle, it has to wait until waterbank is almost sold out before in can launch, else it would be fighting with its publicly listed entity as a competitor during the same month.


As what azeopop says, maybe can wait for 'starbuy' lor :D ... how to sell such a large plot which furthermore, wasn't exactly acquired at a gd price :rolleyes:
Guess some dev really slow .. wait & wait, then wait until bad news come out then launch big big projects ..:confused:


Another 2 wks to go ... maybe 9xx this time :sleep:

devilplate
01-06-10, 10:37
Agree that Interlace is nice... but dollar quantum is too high. The Minton studio (700sqft) cost me about $59Xk. Not too bad... in exchange for a condo lifestyle for them in the suburbs and the ability to monetise their HDB 5-room. Monthly maintenance is $190, comparable to HDB (conservancy plus car-parking).

Anyway, I am vested at the Minton. I bought a unit for my parents to live their retirement days there. Different folks, different strokes. I am bullish on the Serangoon/Woodleigh sector too. As more land gets tendered out, there will be more amenities there over the medium/long term.

Anyone vested at the Minton too?

filial daughter! ur old folks will love minton! 1xxx over neighbours and plenty of facilities for them to enjoy and exercise :cheers1:

den they can rent out their 5rm flat and dun hf to take pocket $ from u...not a bad ideal

stack 43 released liao?

bargain hunter
01-06-10, 10:40
filial daughter not son.


filial son! ur old folks will love minton! 1xxx over neighbours and plenty of facilities for them to enjoy and exercise :cheers1:

den they can rent out their 5rm flat and dun hf to take pocket $ from u...not a bad ideal

stack 43 released liao?

cheerful
01-06-10, 10:44
i thought developer got a good price for minton?


I think you may be rite ... could be something like total sum of S$312.5m (S$236psf on GFA) as read fr somewhere ... so perhaps not too bad a profit lah.

Whatever reasons not sure .. maybe it's related to waterbank, or maybe not ... but thot this land parcel existed long before UOL bidded the latter?? So by rite should be ready earlier for the mass mkt (esp. since last yr was the mass being 'feverish').

Okie noted your 899 lah .. we shall see v soon :p

azeoprop
01-06-10, 10:49
Any Great Singapore Sales at Minton? :p

bargain hunter
01-06-10, 10:58
where got so fast?

they are rich lah, won't cut price one, at most say launch phase 1 only, phase 2 sell next year.


Any Great Singapore Sales at Minton? :p

bargain hunter
01-06-10, 11:05
usually WCY time zun zun to maximise the profits one leh. feb to aug last year, mass market was feverish but that's becoz price is low and Kheng Leong would never be contented to sell at the market prices then so after the sep measures, i guess the best time would have been in mar, maybe that's where waterbank's impending launch came in (die die must run fast coz land cost is high) and they could only launch minton now. :D



I think you may be rite ... could be something like total sum of S$312.5m (S$236psf on GFA) as read fr somewhere ... so perhaps not too bad a profit lah.

Whatever reasons not sure .. maybe it's related to waterbank, or maybe not ... but thot this land parcel existed long before UOL bidded the latter?? So by rite should be ready earlier for the mass mkt (esp. since last yr was the mass being 'feverish').

Okie noted your 899 lah .. we shall see v soon :p

devilplate
01-06-10, 11:11
tats y ppty is sentiment driven...all those oversupply story simply crappppp

jchong
01-06-10, 11:14
Agree that it is hard to find studios at less than $1K psf anywhere and good amenities at the Minton.




Totally agree too. The studios are the only ones that got me excited. Not easy to find studios priced at $840-$850 psf anywhere in Singapore.... The entry price is very comfortable. Which makes it hard to beat. Even the 8@W studios were priced around $1kpsf at their launch in June 2009.

Good for retirees. My folks are totally excited. And there is minimart/cafe/laundromat within the devt to cater to their needs also.

maisonjai
01-06-10, 11:22
usually WCY time zun zun to maximise the profits one leh. feb to aug last year, mass market was feverish but that's becoz price is low and Kheng Leong would never be contented to sell at the market prices then so after the sep measures, i guess the best time would have been in mar, maybe that's where waterbank's impending launch came in (die die must run fast coz land cost is high) and they could only launch minton now. :D

maybe they let market sink in that 1150psf for WB, so that 850psf for Minto is a bargain.

btw these Dual Keys units, any pros & cons of such layout?

new2mondrian
01-06-10, 11:25
filial daughter! ur old folks will love minton! 1xxx over neighbours and plenty of facilities for them to enjoy and exercise :cheers1:

den they can rent out their 5rm flat and dun hf to take pocket $ from u...not a bad ideal

stack 43 released liao?

okie lah..... I have other siblings too. I contribute a place for them to stay, the rest of the siblings give whatever they can for their monthly allowance lor. Add that to the monthly rental from the Queenstown HDB, they should be able to finance their retirement for years to come (hopefully).

Minton is not just for them. Since they are looking after my child in the daytime after school, my child also benefits from the facilities. Quite a lot of stuffs for children to play with. Also the space is large enough for my child to run around.

Actually Minton sits on a plot ratio of 2.8. The surroundings mainly plot ratio 1.4 (based on URA Masterplan). Pretty unblocked and windy esp if one faces the landed housing.

Showed my contractor the floor plan. He managed to partition out a bedroom and a small study with that 700sqft. So well...

Stack 43 not released yet. Think they are still trying to clear the rest. Popped by on Sun at 4pm. The developer has put up the board with the "SOLD" stickers. Did a rough count. They sold 192 units at that point. Most of the studios and 2-bedders released were gone.

devilplate
01-06-10, 11:31
maybe they let market sink in that 1150psf for WB, so that 850psf for Minto is a bargain.

btw these Dual Keys units, any pros & cons of such layout?

i got one Dk in 8wood

devilplate
01-06-10, 11:47
maybe they let market sink in that 1150psf for WB, so that 850psf for Minto is a bargain.

btw these Dual Keys units, any pros & cons of such layout?

minton 8xxpsf acceptable bcoz treehse 8xxpsf and almost sold out oredi...both OCR and not near MRT

Treehse agts r alot more aggressive den this Minton

i rec like 20smses from different agts for Treehse but less den 5 for Minton

new2mondrian
01-06-10, 12:23
i got one Dk in 8wood

You are vested in 8@Woodleigh? Good for you! :)

Anyway, for all vested in Minton and reading this forum, the main contractor is Low Keng Huat. Hopefully it will deliver a good job out of Minton. :)

Some trivial about the main contractor:


About Low Keng Huat (Singapore) Ltd. Established in 1969 and listed
on the SGX in 1992, LKH has an establish track record in the construction
industry in Singapore. Some of its landmark construction projects include
OCBC Centre, UOB Headquarters Building, Plaza Singapura and most
recently Hard Rock Hotel at Resorts World Singapore. LKH is an A1
registered general building contractor, the highest grade under the Building
and Construction Authority of Singapore classification, and is qualified to
tender for public sector contracts with unlimited tender sums. LKH had
also ventured into property developments through partnerships with UOL
Group and Kheng Leong. Some of its JV residential projects include
Regency Suites (LKH's share: 20%), South Bank (30%), One-north
Residences (20%) and Duchess Residences (30%). LKH also owns and
operates hotels in Perth (Australia) and Ho Chi Minh (Vietnam) under the
in-house brand - Duxton Hotel. It previously managed hotels under this
brand in Singapore, Melbourne, Sydney, Wellington, Auckland and Rotoura.
Its other hospitality-related business is the food and beverages business
in Singapore such as the Carnivore group of restaurants.

2824
01-06-10, 12:29
700 sq ft is quite large for a 1 bedder or 1+1, by today's standards, can actually fit 2 studios of 300++ sqft. no wonder the papers reported the 2 bedders as being more popular.

Have not visited the showflat, but overall think it is a good place to buy to stay.


okie lah..... I have other siblings too. I contribute a place for them to stay, the rest of the siblings give whatever they can for their monthly allowance lor. Add that to the monthly rental from the Queenstown HDB, they should be able to finance their retirement for years to come (hopefully).

Minton is not just for them. Since they are looking after my child in the daytime after school, my child also benefits from the facilities. Quite a lot of stuffs for children to play with. Also the space is large enough for my child to run around.

Actually Minton sits on a plot ratio of 2.8. The surroundings mainly plot ratio 1.4 (based on URA Masterplan). Pretty unblocked and windy esp if one faces the landed housing.

Showed my contractor the floor plan. He managed to partition out a bedroom and a small study with that 700sqft. So well...

Stack 43 not released yet. Think they are still trying to clear the rest. Popped by on Sun at 4pm. The developer has put up the board with the "SOLD" stickers. Did a rough count. They sold 192 units at that point. Most of the studios and 2-bedders released were gone.

maisonjai
01-06-10, 13:39
i got one Dk in 8wood

swee la, u are one of those first few to grab those units:) . i kind of like the idea, but FC developments only have 1 bath for 2bedder side. I wonder if this trend will catch on in the future. Even hdb is offering such layout.

new2mondrian
01-06-10, 14:11
700 sq ft is quite large for a 1 bedder or 1+1, by today's standards, can actually fit 2 studios of 300++ sqft. no wonder the papers reported the 2 bedders as being more popular.

Have not visited the showflat, but overall think it is a good place to buy to stay.

Their 2 bedders are at least 930sqft (for Blk 12C only - the only block without internal chute and HS); mainly 990sqft. And the pricing is between $750-$850psf; not substantially lower than the studios. Which means dollar quantum is much higher.

Their studios are really one of the biggest I have seen in all recent launches. Some even go up to 710-797sqft. For some MM units in Newton/Novena/Balestier area, this can even be a 2-bedder size or even a 2+S size. :( How to sell a studio that is so big??? Really have to partition it out ourselves.

Minton units are larger than 8@W. The dual key units are 1400sqft, compared to 8@W's 1100sqft. Hence the dollar quantum makes everything less attractive even though the psf pricing is alright. My 2 cents.

bargain hunter
01-06-10, 14:18
Treehouse uses the Huttons army mah, well known for aggression/desperate tactics whatever you call them. :)




minton 8xxpsf acceptable bcoz treehse 8xxpsf and almost sold out oredi...both OCR and not near MRT

Treehse agts r alot more aggressive den this Minton

i rec like 20smses from different agts for Treehse but less den 5 for Minton

bargain hunter
01-06-10, 14:19
Low Keng Huat has worked well with UOL/Kheng Leong before so shouldn't be a problem for this project either.


You are vested in 8@Woodleigh? Good for you! :)

Anyway, for all vested in Minton and reading this forum, the main contractor is Low Keng Huat. Hopefully it will deliver a good job out of Minton. :)

Some trivial about the main contractor:



About Low Keng Huat (Singapore) Ltd

. Established in 1969 and listed


on the SGX in 1992, LKH has an establish track record in the construction
industry in Singapore. Some of its landmark construction projects include
OCBC Centre, UOB Headquarters Building, Plaza Singapura and most
recently Hard Rock Hotel at Resorts World Singapore. LKH is an A1
registered general building contractor, the highest grade under the Building
and Construction Authority of Singapore classification, and is qualified to
tender for public sector contracts with unlimited tender sums. LKH had
also ventured into property developments through partnerships with UOL
Group and Kheng Leong. Some of its JV residential projects include
Regency Suites (LKH's share: 20%), South Bank (30%), One-north
Residences (20%) and Duchess Residences (30%). LKH also owns and
operates hotels in Perth (Australia) and Ho Chi Minh (Vietnam) under the
in-house brand - Duxton Hotel. It previously managed hotels under this
brand in Singapore, Melbourne, Sydney, Wellington, Auckland and Rotoura.
Its other hospitality-related business is the food and beverages business
in Singapore such as the Carnivore group of restaurants.

devilplate
01-06-10, 17:08
swee la, u are one of those first few to grab those units:) . i kind of like the idea, but FC developments only have 1 bath for 2bedder side. I wonder if this trend will catch on in the future. Even hdb is offering such layout.

at tat time, Dk was a new concept with caspian being the pioneer

rental yield shd be good hopefully if i rent it out as 2 separate units :D

new2mondrian
01-06-10, 17:39
at tat time, Dk was a new concept with caspian being the pioneer

rental yield shd be good hopefully if i rent it out as 2 separate units :D

I was very keen on getting a dual key unit at 8W during the launch. Too bad hubby was on overseas biz trip at that time (he doesn't see the layout/facing/pricing, no way I can buy... he definitely needs a LOT of convincing to buy a 99-year leasehold in a non CCR location) and I have a young toddler at home (which means tough to join the showflat queue even though 8W was less than 10mins WALK from my previous home). :(

But I was so keen! So near but yet so far. Sigh.....

Dual key concept is not bad. Can rent out separately; can sell to multi-generation families. Not many of such units available in the market too.

devilplate
01-06-10, 17:41
I was very keen on getting a dual key unit at 8W during the launch. Too bad hubby was on overseas biz trip at that time (he doesn't see the layout/facing/pricing, no way I can buy... he definitely needs a LOT of convincing to buy a 99-year leasehold in a non CCR location) and I have a young toddler at home (which means tough to join the showflat queue even though 8W was less than 10mins WALK from my previous home). :(

But I was so keen! So near but yet so far. Sigh.....

Dual key concept is not bad. Can rent out separately; can sell to multi-generation families. Not many of such units available in the market too.

glad to noe u appreciate this concept as well...

nonetheless, u still got ur parc mondrian to look forward to :cheers1:

new2mondrian
01-06-10, 17:54
glad to noe u appreciate this concept as well...

nonetheless, u still got ur parc mondrian to look forward to :cheers1:

yup sure! when I get PM's keys, I go in and take pic of the 8W site for all those vested at 8W to see. :)

8W dual key layout is more efficient than Minton's. For Minton, I'd rather buy a studio (550sqft) and a 2 bedder (930sqft). Adds up to be almost the same in dollar quantum as a DK unit (1453sqft); not to mention my stamp duty will be lower (since it is tiered); easier to sell next time (can always sell in part and not as a whole); and also easier to tenant. My 2 cents.

azeoprop
01-06-10, 19:32
yup sure! when I get PM's keys, I go in and take pic of the 8W site for all those vested at 8W to see. :)

8W dual key layout is more efficient than Minton's. For Minton, I'd rather buy a studio (550sqft) and a 2 bedder (930sqft). Adds up to be almost the same in dollar quantum as a DK unit (1453sqft); not to mention my stamp duty will be lower (since it is tiered); easier to sell next time (can always sell in part and not as a whole); and also easier to tenant. My 2 cents.

Take more pics of 8W please. Thanks. :)

mr funny
01-06-10, 19:46
http://www.businesstimes.com.sg/sub/news/story/0,4574,388209-1275335940,00.html?

Published May 31, 2010

The Minton sells 180 units over weekend

Observers say sales below figures achieved during March/April height

By KALPANA RASHIWALA


(SINGAPORE) In a widely watched property release, developer Kheng Leong had sold about 180 units of The Minton condo in Hougang as of 6 pm yesterday.

http://www.businesstimes.com.sg/mnt/media/image/launched/2010-05-31/BT_IMAGES_KRMINTON31.jpg
Huge area: Buyers appear to be drawn by The Minton's lush landscaping and generous facilities afforded by the large site area of close to half a million square feet

This is out of a batch of more than 300 units that Kheng Leong has released since last Friday in the 1,145-unit development at Lorong Ah Soo/Hougang Street 11 at an average price of $850 per square foot.

Property agents marketing the project told BT that the sales result, while encouraging, was below what they would have expected during the recent height of the property market in March/April. The peak was prior to the fallout from Europe's economic problems and the Singapore government's announcement in May that it will deliver a bumper land sales programme for the second half of this year to meet hot demand in the residential property market.

A new release like The Minton would have sold closer to 300 units in its first weekend and at about 5-8 per cent higher pricing, said CB Richard Ellis executive director Joseph Tan.

Knight Frank managing director (residential services) Peter Ow, also reckoned the 99-year leasehold project could have sold about 300 units in its initial weekend had it been put on the market a couple of months ago. He said: 'The government land sales announcement has definitely had an impact. When we talk to (potential) buyers, they're now taking a bit longer to decide. They're worried that with the new supply coming up, prices might fall.'

As has been the case with other launches, the most popular units at The Minton's holiday-extended weekend preview were one and two-bedroom units.

Kheng Leong's general manager (property) Luk Kwok Wing said prices of one bedders sold (as of 6 pm yesterday) ranged from about $480,000 to $590,000 per unit. Two bedders cost $750,000 to $870,000. The project also has three and four bedders, penthouses as well as dual-key units.

Buyers were predominantly young Singaporeans, including families. Generally, buyers have HDB addresses, including Hougang, Serangoon and Tampines (all in the north-east part of Singapore).

Mr Luk said buyers were drawn by The Minton's lush landscaping and generous facilities afforded by the large site area of close to half a million square feet.

The Minton will have a 50-metre lap pool, a 20-metre heated pool, a treehouse playground, a tennis court and an air-conditioned badminton hall that doubles as a function room. It will also boast a big library, a sky-terrace and spas/gyms. The grand clubhouse will accommodate activities like yoga, karaoke and billiards/table soccer, apart from an indoor children's playground.

Kheng Leong, a privately owned property group controlled by the family of banker Wee Cho Yaw, is developing The Minton on the former Minton Rise site that it bought in 2007 through a collective sale.

maisonjai
01-06-10, 21:39
at tat time, Dk was a new concept with caspian being the pioneer

rental yield shd be good hopefully if i rent it out as 2 separate units :D

did you hoot DK at WB as well?
Was toying this idea, can stay at 2bedder unit & rent out studio. When retire shift over to studio unit & rent out the other. haha. maybe i think too much. How u going to split the balcony if renting out to 2 tenants?

devilplate
01-06-10, 22:50
did you hoot DK at WB as well?
Was toying this idea, can stay at 2bedder unit & rent out studio. When retire shift over to studio unit & rent out the other. haha. maybe i think too much. How u going to split the balcony if renting out to 2 tenants?

WB i bot smthing else

retire liao still stay in the 2bedder side lor...studio too small for comfort..no?

for 8W, i gona level up the planter area and may do a low partition wooden feature wall to divide....anyway, still got 3yrs till TOP...see hw it goes lor. hehe

azeoprop
04-06-10, 09:13
Full page advertisment today, I think more units will be launched. Also their website is up.
www.theminton.com.sg (http://www.theminton.com.sg)

new2mondrian
04-06-10, 09:24
I saw that too as I was having my breakfast this morning. More studios should be launched soon.... Maybe stack 43 might be one of them?

Got my S&P document couriered to me ytd. Pretty decent. 2 telephone points and 6 lighting points for a studio. Now I can partition the unit up properly. :)

Anyone knows how to formally apply for the relevant permits to convert the planter into a balcony? The S&P mentioned this can be done with relevant permits from the authority and written approval from Vendor. If it means paying up the Devt Charge for the conversion, I am willing to do so. Anyone done this before?

devilplate
04-06-10, 10:12
u shd worry about tat 4yrs later

rules/things might be changed by den

new2mondrian
04-06-10, 11:29
Full page advertisment today, I think more units will be launched. Also their website is up.
www.theminton.com.sg (http://www.theminton.com.sg)

Yup, just got a sms. More 2-bedders released... and Stack 42 (studio) cheque collection is going on from 10am this morning.

Ronan Loh
04-06-10, 16:05
Yup, just got a sms. More 2-bedders released... and Stack 42 (studio) cheque collection is going on from 10am this morning.



KF agt smsed me that odd stk 42 are released today.

#07-42 560ft 946psf 530k

azeoprop
04-06-10, 16:32
Review of Minton.
http://www.h88.com.sg/article/Condo%20Review:%20The%20Minton/

new2mondrian
04-06-10, 18:07
KF agt smsed me that odd stk 42 are released today.

#07-42 560ft 946psf 530k

#03-42 was priced at $511k; #05-42 was priced at $519k. And the odd levels were all gone by 5pm today. Heard they are collecting cheques for the even levels of stack 42 now...

devilplate
04-06-10, 18:47
hows the sales for 3bedders?

dun tell me all buy to flip ar?:scared-2:

azeoprop
04-06-10, 19:36
just realized the 700sqft studio is so big because of the household shelter and the big balcony....:beats-me-man:

Ultroman
05-06-10, 07:18
Agree that Interlace is nice... but dollar quantum is too high. The Minton studio (700sqft) cost me about $59Xk. Not too bad... in exchange for a condo lifestyle for them in the suburbs and the ability to monetise their HDB 5-room. Monthly maintenance is $190, comparable to HDB (conservancy plus car-parking).

Anyway, I am vested at the Minton. I bought a unit for my parents to live their retirement days there. Different folks, different strokes. I am bullish on the Serangoon/Woodleigh sector too. As more land gets tendered out, there will be more amenities there over the medium/long term.

Anyone vested at the Minton too?


Hi I'm new to this forum ;)

Jus gotten a 1 bedder Minton last week unit 52 (low floor). Mebbe abit too impulsive cos 1 brm really got snapped up fast last week. As it's my first pte home din really did much homework. Intend to buy for inv but look like most forumer said it's more for own stay. Anyone feel hw much can appreciate?

Anyway hope to see more vested interest ... Good day

Property_Owner
05-06-10, 10:53
Hi I'm new to this forum ;)

Jus gotten a 1 bedder Minton last week unit 52 (low floor). Mebbe abit too impulsive cos 1 brm really got snapped up fast last week. As it's my first pte home din really did much homework. Intend to buy for inv but look like most forumer said it's more for own stay. Anyone feel hw much can appreciate?

Anyway hope to see more vested interest ... Good day

congrats. always good to start somewhere.

Wild Falcon
05-06-10, 17:16
Fair review. The northeast has always been rather bland and known more for its NE or circle MRT line and no special attributes. As a mass market condo with mass market prices, I am surprised it cannot move more units than what was reported.


Review of Minton.
http://www.h88.com.sg/article/Condo%20Review:%20The%20Minton/

Wild Falcon
05-06-10, 17:21
Did you go for balloting? Nowadays 1-bedders everywhere is hot and first to sell out - mostly investors are buying. Good luck for your purchase! Buy already don't ever think back and regret- still many years to TOP :)


Hi I'm new to this forum ;)

Jus gotten a 1 bedder Minton last week unit 52 (low floor). Mebbe abit too impulsive cos 1 brm really got snapped up fast last week. As it's my first pte home din really did much homework. Intend to buy for inv but look like most forumer said it's more for own stay. Anyone feel hw much can appreciate?

Anyway hope to see more vested interest ... Good day

Ultroman
05-06-10, 18:16
Not really ballot. It's special preview but I guess too hard to resist $812psf for a 700 sqft 1 bedrm.

devilplate
05-06-10, 18:19
Not really ballot. It's special preview but I guess too hard to resist $812psf for a 700 sqft 1 bedrm.

but the smaller 5xxsqft studios r prices 9xxpsf...if aso 8xxpsf, i wud hf bot one..:D

Xan
05-06-10, 20:27
ultroman, your 1 bedder is which floor?

Ultroman
05-06-10, 21:51
Low floor which inc 2% discount at dat time so seems quite attractive den ;)

Xan
05-06-10, 23:10
The 1 bedder in Minton is quite generous in terms of space.
I like the sky 1 bedder....think 15th storey, comes with big balcony/terrace.

Don't worry ultroman, believe in what you have bought. I still find Minton's price quite acceptable. I will still prefer Minton over Tree House and the Vision.

azeoprop
05-06-10, 23:56
Low floor which inc 2% discount at dat time so seems quite attractive den ;)

yah, those who bought with discount got the best deal. :) Now no more discount.

Wild Falcon
06-06-10, 00:38
How's tis weekend sales performance? Any update? 1150 units - very cham - might take some time to offload.

3C
06-06-10, 00:53
yah, those who bought with discount got the best deal. :) Now no more discount.

All this discount thing is all bullshit. In the past the price is all displayed and very transparent to all. Now after months u go back to showroom agent still tell u discount 7% blah blah blah. How much they quoted during the first launch nobody know. VVIP invitation but all the so-called discount units are those "wonderful" units that hard to sell.

Gana b4, now I shall wait & see...... can sell no discount but if
cannot sell...ahh...u know what i know dont bluff urself.:cool:

noblebaby
06-06-10, 01:01
want to buy cheap cheap unit must wait until economy downturn... But when downturn come how many dare to buy?!


All this discount thing is all bullshit. In the past the price is all displayed and very transparent to all. Now after months u go back to showroom agent still tell u discount 7% blah blah blah. How much they quoted during the first launch nobody know. VVIP invitation but all the so-called discount units are those "wonderful" units that hard to sell.

Gana b4, now I shall wait & see...... can sell no discount but if
cannot sell...ahh...u know what i know dont bluff urself.:cool:

devilplate
06-06-10, 01:10
if so easy to time market, everybody millionairessssssss

azeoprop
06-06-10, 09:33
want to buy cheap cheap unit must wait until economy downturn... But when downturn come how many dare to buy?!

Starbuys! haa haa :rolleyes:

Komo
06-06-10, 10:57
Not really ballot. It's special preview but I guess too hard to resist $812psf for a 700 sqft 1 bedrm.

If the 700 sqft is for 2 bdr will be good price. Otherwise from space utilisation perspective and what you can make use of from investment perspective (i.e. leasing out), the money invested (approx $585k) may be difficult to fully optimise from leasing out. Selling as a unit may be difficult to get buyer as you may need to sell over $600k, which will be too much for the buyer, in quantum.
Just my opinion.

But I think can bargain further for this Minton project.
More probable for developer to give in as favourable market condition is now tilting towards buyers.
Just my take.

If I'm interested in the project I'll go all out to bargain.

new2mondrian
07-06-10, 09:38
Hi I'm new to this forum ;)

Jus gotten a 1 bedder Minton last week unit 52 (low floor). Mebbe abit too impulsive cos 1 brm really got snapped up fast last week. As it's my first pte home din really did much homework. Intend to buy for inv but look like most forumer said it's more for own stay. Anyone feel hw much can appreciate?

Anyway hope to see more vested interest ... Good day

Hi neighbour, good to find someone here vested in Minton! Like what propertyowner mentioned, it is always good to start somewhere. :)

Investment or not is really up to an individual. The most important (to me) is that one does not overpay. As long as the amount vested is fair, then it is also safe to assume that there will be some appreciation over the medium/long term. After all, Minton is not far from NEX mall, not far from Lor Chuan (where prices there are treading at $1kpsf), and 2km from Potong Pasir (I used to stay at Potong Pasir - from Potong Pasir to Novena each morning takes 8mins flat via Whampoa/Bendeemer). Location wise, certainly much better than a lot of the recent launches in the OCR.

$812psf for a studio is a good buy. A lot of facilities too. Enjoy your buy and don't look back. =)

As a side note, Minton has so MANY units that lots of banks have scrambled ard to put out a special Minton financing package over last week. Pretty interesting.

gohsoonk
07-06-10, 10:33
As a side note, Minton has so MANY units that lots of banks have scrambled ard to put out a special Minton financing package over last week. Pretty interesting.

Agreed. The packages were interesting and was very tempted to buy...

Ultroman
07-06-10, 11:07
Hi neighbour, good to find someone here vested in Minton! Like what propertyowner mentioned, it is always good to start somewhere. :)

Investment or not is really up to an individual. The most important (to me) is that one does not overpay. As long as the amount vested is fair, then it is also safe to assume that there will be some appreciation over the medium/long term. After all, Minton is not far from NEX mall, not far from Lor Chuan (where prices there are treading at $1kpsf), and 2km from Potong Pasir (I used to stay at Potong Pasir - from Potong Pasir to Novena each morning takes 8mins flat via Whampoa/Bendeemer). Location wise, certainly much better than a lot of the recent launches in the OCR.

$812psf for a studio is a good buy. A lot of facilities too. Enjoy your buy and don't look back. =)

As a side note, Minton has so MANY units that lots of banks have scrambled ard to put out a special Minton financing package over last week. Pretty interesting.

Hi there...

yup i quite like the location ; in bet serangoon, kovan, and paya lebar cos I'm currently staying in punggol. Oh coincidentally I oso travel to novena : ) In fact was thinking 700sqf was too big for 1brm (cassia view 2brm only 650sqf) hence oso pondering the idea to partition another brm

Good day to all Mintoners

Ultroman
07-06-10, 11:14
Agreed. The packages were interesting and was very tempted to buy...

Hi do you have any details of these packages... or any from hsbc?
cos i jus signed up with hsbc last week wish to know if I was short-changed tks

devilplate
07-06-10, 19:13
ultroman: y nvr consider 2bedder instead? i like those 2bedder facing the cityview..above 10flr shd be able to see a small tiny puny flyer as well..:D

or budget constraint?

new2mondrian
07-06-10, 19:37
Hi do you have any details of these packages... or any from hsbc?
cos i jus signed up with hsbc last week wish to know if I was short-changed tks

I know DBS, OCBC and UOB all have come up with "Special Minton packages". DBS package for example, is SIBOR+0% interest for the 1st year, SIBOR+0.2% for 2nd year, SIBOR+0.4% for 3rd year; and SIBOR+1% for the rest of the loan tenure. As far as I know, no lock-in period. Can always refinance after year 3.

Not too bad, but since my folks are staying at Minton over the long term, my RM at DBS customised something for me that is quite competitive and comparable with what HSBC is offering.

HSBC's rates are always quite competitive, so yours should be quite alright. :)

I have been scratching head on how to partition out the 700sqft unit... I need to have a bedroom and a study. But not sure what is the most optimal way to do it. I also wrote to URA last week on the process to pay DC and convert my planter into a balcony. So far also no response. Sigh.

gohsoonk
08-06-10, 00:01
Hi do you have any details of these packages... or any from hsbc?
cos i jus signed up with hsbc last week wish to know if I was short-
changed tks

New2mondrian is right that hsbc is pretty competitive.

Ultroman
08-06-10, 06:44
ultroman: y nvr consider 2bedder instead? i like those 2bedder facing the cityview..above 10flr shd be able to see a small tiny puny flyer as well..:D

or budget constraint?

ya agree the view fr top flr is nice for the price paid. But the 2 brm quite big size so budget constraint

Ultroman
08-06-10, 06:50
I know DBS, OCBC and UOB all have come up with "Special Minton packages". DBS package for example, is SIBOR+0% interest for the 1st year, SIBOR+0.2% for 2nd year, SIBOR+0.4% for 3rd year; and SIBOR+1% for the rest of the loan tenure. As far as I know, no lock-in period. Can always refinance after year 3.

Not too bad, but since my folks are staying at Minton over the long term, my RM at DBS customised something for me that is quite competitive and comparable with what HSBC is offering.

HSBC's rates are always quite competitive, so yours should be quite alright. :)

I have been scratching head on how to partition out the 700sqft unit... I need to have a bedroom and a study. But not sure what is the most optimal way to do it. I also wrote to URA last week on the process to pay DC and convert my planter into a balcony. So far also no response. Sigh.

hi new2mondrian ... Is the DBS package only avail for last weekend ?
cos I checked it's 0+sibor, 0.6+sibor ,0.8+sibor and 1+sibor for 1 to 3 yrs and 4th yr onward.

Hsbc quoted me 0.85+sibor all yrs

btw which stack is ur unit? Yup a bigger balcony will be great;)

new2mondrian
08-06-10, 09:38
hi new2mondrian ... Is the DBS package only avail for last weekend ?
cos I checked it's 0+sibor, 0.6+sibor ,0.8+sibor and 1+sibor for 1 to 3 yrs and 4th yr onward.

Hsbc quoted me 0.85+sibor all yrs

btw which stack is ur unit? Yup a bigger balcony will be great;)

My apologies. I went home to check ytd and noted that the DBS package is indeed SIBOR+0% (1st yr), SIBOR+0.6% (2nd yr), SIBOR+0.8%(3rd year) and SIBOR+1% (thereafter).

Actually HSBC has a current promotion for completed properties (not applicable to BUC); which is SIBOR+0.9% (1st year); SIBOR+0.8% (2nd year); SIBOR+0.7% (3rd year onwards till end of tenure). Pretty attractive, but Minton does not qualify. Anyway, DBS is willing to better HSBC's rates, so we are most likely to go with DBS. Still thinking....

bargain hunter
08-06-10, 16:57
Dozens of interested homebuyers are looking to acquire new homes, despite an unstable stock market affecting property market sentiment.
Over the weekend, another 120 units at The Minton project in Lorong Ah Soo had been sold, following the 180 units fetched last week, taking the total sales to 300 units for the recently released condo project.
Prices of units in The Minton were unchanged at around $850 psf, which was also the price set for units sold in the previous week.

bargain hunter
08-06-10, 16:58
Its moving! :) Been awhile since i hear people use the words "snapped up". LOL


Dozens of interested homebuyers are looking to acquire new homes, despite an unstable stock market affecting property market sentiment.
Over the weekend, another 120 units at The Minton project in Lorong Ah Soo had been sold, following the 180 units fetched last week, taking the total sales to 300 units for the recently released condo project.
Prices of units in The Minton were unchanged at around $850 psf, which was also the price set for units sold in the previous week.

devilplate
08-06-10, 17:21
i noticed increasingly interest to invest in mass market condos

jitkiat
08-06-10, 18:21
Stock market so bearish still people dare to buy, hats off to them.

Sometimes people just don't understand what is going on in Europe, only blinded by low interest rate :doh:

Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note:

Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.

That's pretty intense!

:scared-3:

new2mondrian
08-06-10, 19:36
Agreed. The packages were interesting and was very tempted to buy...

Not only the banks have a special Minton package; even law firms such as Ascentia Law also have a Minton special. The first time I heard of this. Economies of scale? :D

devilplate
08-06-10, 20:23
Stock market so bearish still people dare to buy, hats off to them.

Sometimes people just don't understand what is going on in Europe, only blinded by low interest rate :doh:

Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note:

Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.

That's pretty intense!

:scared-3:

to me, this EU crisis is a PAYBACK TIME!

we chinese been slave for centuries!!! now our turn to lift up our head and SHINE :cheers1:

Wild Falcon
08-06-10, 21:46
At 850-1000 psf, the price somewhat seems reasonable compared to the mid market ones at 1350-1500 psf. Imagine a 1000 sqft property, it's 850k vs 1.4 million. Why take up 550k worth of debt to be 2km nearer to the city? Some more traffic at city fringe is the worst, the travelling time saved may be just few min per trip. For every condo u invest in orchard, u can buy 3 in the lovely suburbs for wh 2 can generate passive income for u. Singapore is already a highly developed country- at some pt in time, rental yield shd precede capital gains in the investment decision.
i noticed increasingly interest to invest in mass market condos

jlrx
08-06-10, 21:51
Stock market so bearish still people dare to buy, hats off to them.

Sometimes people just don't understand what is going on in Europe, only blinded by low interest rate :doh:

Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note:

Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.

That's pretty intense!

:scared-3:

Richard Russell doesn't know anything about PROPERTISM.

PROPERTISM Rule No. 1 - Property prices always go up in the long term hence properties should only be bought and not sold.

If Russell doesn't know the dickens about the property market, he should ask Charles Dickens how much he bought his country home at Gads Hill Place.

http://upload.wikimedia.org/wikipedia/en/thumb/3/3e/Gadshillplace.jpg/400px-Gadshillplace.jpghttp://upload.wikimedia.org/wikipedia/en/2/2c/Hogarth-dickens.jpg

Dickens was later to write, " I used to look at it as a wonderful Mansion (which God knows it is not) when I was a very odd little child with the first faint shadows of all my books in my head - I suppose." Thirty-five years later, after Dickens had risen to fame and wealth, he discovered that the house was for sale and bought it for £1790 in March 1856 from Mrs Lynn Linton. Initially Dickens bought the house as an investment, intending to let it, but changed his mind and used it instead as a country retreat, moving into the house in June 1857.

teddybear
08-06-10, 22:01
Ai yah, all these so-called "famous" writers - they are just that "famous writers". :p
They so good they will make so much money and retire without needing to be "famous writers". :D
At any one time, there will always be some particular "famous writers" and more often than not, they will just fade away to be replaced by another "famous" writers but just for a short time period only. :doh:


Stock market so bearish still people dare to buy, hats off to them.

Sometimes people just don't understand what is going on in Europe, only blinded by low interest rate :doh:

Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note:

Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.

That's pretty intense!

:scared-3:

teddybear
08-06-10, 22:06
2km nearer the city can take 15 mins to drive in Singapore you know! :scared-1:
During the lows, for the 1 Orchard property you bought at $1500 psf, they are now probably >$2200 psf.
For the 1 suburb property you bought at $600 psf, they are probably only worth $800 psf. I doubt the mass market private properties are suitable for investment. We all know that the govt is only concerned about mass market prices and any significant increase will always be met with measures to temper the price.


At 850-1000 psf, the price somewhat seems reasonable compared to the mid market ones at 1350-1500 psf. Imagine a 1000 sqft property, it's 850k vs 1.4 million. Why take up 550k worth of debt to be 2km nearer to the city? Some more traffic at city fringe is the worst, the travelling time saved may be just few min per trip. For every condo u invest in orchard, u can buy 3 in the lovely suburbs for wh 2 can generate passive income for u. Singapore is already a highly developed country- at some pt in time, rental yield shd precede capital gains in the investment decision.

august
08-06-10, 22:26
2km nearer the city can take 15 mins to drive in Singapore you know! :scared-1:
During the lows, for the 1 Orchard property you bought at $1500 psf, they are now probably >$2200 psf.
For the 1 suburb property you bought at $600 psf, they are probably only worth $800 psf. I doubt the mass market private properties are suitable for investment. We all know that the govt is only concerned about mass market prices and any significant increase will always be met with measures to temper the price.

ya agree ~

it is location that determines the upside, not whether marketed as mass market or not.

Wild Falcon
08-06-10, 22:46
During the lows, the suburban properties is only 350-400psf (in 2006). Today, they are 800psf, the return is NOT insignificant lah. When you look at return, please look at Return on Equity - the return on your invested capital which exceeds 100%.

And the time saved from suburbs to city fringe is only at most few minutes. The worst traffic is from city fringe to city. I stayed near Orchard Road before - it still took me 15 min to drive to Tanjong Pagar during peak hours. Staying further away from Orchard in the suburbs, it took me maybe 18 min? What I'm trying to say is your WILL be surprised how little time you save driving in Singapore. That is assuming fairly wealthy middle class do not take MRT. Even MRT from Orchard to Tanjong Pagar + walking + waiting time is easily 30 min! So you will realise the time saved is over-hyped. Of course that's assuming you don't stay in crazily jammed up places along the CTE.

And I realise people shout Location Location Location without looking at VALUE. Is Orchard Road still undervalued at $3000psf? If you still think so, go ahead and buy. Once a location is overvalued, its about time to move on, take a bet at other locations that no one looks at. Its always more exciting to be first mover than to follow blindly.



2km nearer the city can take 15 mins to drive in Singapore you know! :scared-1:
During the lows, for the 1 Orchard property you bought at $1500 psf, they are now probably >$2200 psf.
For the 1 suburb property you bought at $600 psf, they are probably only worth $800 psf. I doubt the mass market private properties are suitable for investment. We all know that the govt is only concerned about mass market prices and any significant increase will always be met with measures to temper the price.

Wild Falcon
08-06-10, 22:54
That is a fair point. But it just shows if not for govt intervention in the past, suburban properties would have gone up even more. The potential is there - it's just waiting to be realised. And I suspect going forward, govt policies will be more targeted at specuvestors - just like China targeting 2nd or 3rd property investment while not hurting genunine owners-occupiers. Singaporeans are already unhappy that govt policies are always targeted to hurt the "masses" - if the govt is smart about the ground sentiments - new policies will be formulated to hit speculators which are more dominant in the prime districts, esp the mickey mouse units that have sprung up in the prime areas and city fringe.

Just observe recent policies on seller stamp duty etc. - who is this targeted at?


2km nearer the city can take 15 mins to drive in Singapore you know! :scared-1:
We all know that the govt is only concerned about mass market prices and any significant increase will always be met with measures to temper the price.

devilplate
08-06-10, 23:03
its like forumers flavors upp bukit timah over potong pasir.

pricing is not solely based on the pyhsical distance to the city.

orchard/sentosa will always attracts the rich and famous. they go for specific 'address.

when i m still studying, i used to tink those ppl who drives(even a hyundai getz/picanto) r not financially prudent. during peak hrs, MRT is actually faster!

when i own my first jap car, den i begin to tink y wud ppl want to spend 200k for a BMW/Merc....and the story goes on:D

edwinleeap
08-06-10, 23:06
"Developers MCC Land has put in the top bid of S$131.7 million for a land parcel at the corner of Sembawang Road and Canberra Drive.

The bid works out to S$387 per square foot per plot ratio.

The second highest bid from SP Setia International came in at S$122.6 million.

Nam Hee Contractor and OPH Marymount submitted the third highest bid of S$111 million.

The lowest bid of S$85 million came from Frasers Centrepoint.

All in, the Housing and Development Board received seven bids.

Analysts said projects at the site would have a breakeven cost of between S$650 and S$750 psf, with the units possibly selling at between S$700 and S$820 psf."

This may jolly well mean the baseline for new project leasehold properties is going to be starting from 800 psf onwards!

jencrs
09-06-10, 00:51
Hsbc quoted me 0.85+sibor all yrsthat package is off the shelf, not specific to any property. I think that's it's pretty good on it's own already, with 5 yrs fire insurance, Home Assist etc. Of course, can always squeeze for more, altho not sure how much more.

Squall8888
09-06-10, 01:05
Orchard at 3k of course is not under priced. Maybe fair pricing. But 350 to 400 psf, where in 2006 got such pricing? Which project? And today 800 psf? Even if there is any, it is limited. Maybe 1 or 2 only. I don't think many 350 in 2006 is 800 psf now. Then again, if you really want to compare, in 2006, Icon is 800 psf. The increase is the same %. But including rental, which one do you think make more $ over 4 years?





During the lows, the suburban properties is only 350-400psf (in 2006). Today, they are 800psf, the return is NOT insignificant lah. When you look at return, please look at Return on Equity - the return on your invested capital which exceeds 100%.

And the time saved from suburbs to city fringe is only at most few minutes. The worst traffic is from city fringe to city. I stayed near Orchard Road before - it still took me 15 min to drive to Tanjong Pagar during peak hours. Staying further away from Orchard in the suburbs, it took me maybe 18 min? What I'm trying to say is your WILL be surprised how little time you save driving in Singapore. That is assuming fairly wealthy middle class do not take MRT. Even MRT from Orchard to Tanjong Pagar + walking + waiting time is easily 30 min! So you will realise the time saved is over-hyped. Of course that's assuming you don't stay in crazily jammed up places along the CTE.

And I realise people shout Location Location Location without looking at VALUE. Is Orchard Road still undervalued at $3000psf? If you still think so, go ahead and buy. Once a location is overvalued, its about time to move on, take a bet at other locations that no one looks at. Its always more exciting to be first mover than to follow blindly.

Wild Falcon
09-06-10, 10:21
You still don't understand me lah. I'm trying to say please don't use the past performance to gauge future growth potential. It's like developed countries in Europe grew at an astounding rate in the past 20 years while developing countries like China and India lag behind. Look at Europe TODAY - do you think Europe still has greater runway to grow compared to China and India? In fact, some developed areas may have "overshoot" its true value due to overleverage and may start to correct. If you were an investment professional or property developer, would you prefer to invest your funds in Europe (because it is "blue chip" and grow faster in the past 20 years) or say "untested" Vietnam? It's just a rhetorical question - no need to answer. Similarly, would you prefer to invest your funds in areas that have all amenities and MRT stations and shopping malls and all would you just take a risk to move out? Does investing in developed countries/areas guarantee success? In short, it depends on when you enter the market - if you're late in the game - you better be creative and start to look out for "new" areas instead of just following the crowd.

Definitely got mass market at those prices in 2006 because I bought one mah :)


Orchard at 3k of course is not under priced. Maybe fair pricing. But 350 to 400 psf, where in 2006 got such pricing? Which project? And today 800 psf? Even if there is any, it is limited. Maybe 1 or 2 only. I don't think many 350 in 2006 is 800 psf now. Then again, if you really want to compare, in 2006, Icon is 800 psf. The increase is the same %. But including rental, which one do you think make more $ over 4 years?

devilplate
09-06-10, 10:29
Definitely got mass market at those prices in 2006 because I bought one mah :)

which project u bot? from 350psf till now 800psf?

cheerful
09-06-10, 11:55
its like forumers flavors upp bukit timah over potong pasir.

pricing is not solely based on the pyhsical distance to the city.

orchard/sentosa will always attracts the rich and famous. they go for specific 'address.

when i m still studying, i used to tink those ppl who drives(even a hyundai getz/picanto) r not financially prudent. during peak hrs, MRT is actually faster!

when i own my first jap car, den i begin to tink y wud ppl want to spend 200k for a BMW/Merc....and the story goes on:D

Got upp bt timah being favoured over potong pasir meh? If u mean 'upp' bt timah as in around hillview, pricing not tt fantastic as that city fringe leh ...

But you've illustrated a valid point lah ... yesh, desires also can change one ;) & nvr-ending ..

bargain hunter
09-06-10, 11:59
at the suites de laurel thread we were supporting the jalan anak bukit area ie toh tuck side vs potong pasir hehehe...hillview side is further off.


Got upp bt timah being favoured over potong pasir meh? If u mean 'upp' bt timah as in around hillview, pricing not tt fantastic as that city fringe leh ...

But you've illustrated a valid point lah ... yesh, desires also can change one ;) & nvr-ending ..

bargain hunter
09-06-10, 12:01
btw, ppty consultants still think May sales is a 4D number leh...i still dun think so.


Got upp bt timah being favoured over potong pasir meh? If u mean 'upp' bt timah as in around hillview, pricing not tt fantastic as that city fringe leh ...

But you've illustrated a valid point lah ... yesh, desires also can change one ;) & nvr-ending ..