View Full Version : The Sail @ Marina Bay (D1, 99 years, City Developments Limited)
robinsonscentrepoint
26-03-07, 16:27
My friend just sold her studio at $1,600 psf :eek::cool: That is almost 100% return on the original purchase price! And if only paid 20% downpayment... the returns are.. wow...
Unregistered
26-03-07, 17:04
Yes, that is currently slightly below the average asking price now for studios and 2 bedroom. The big units are asking for a lot more.
This price is a steal, compared to Marina Bay Residences and One Shenton. Furthermore, The Sail is an iconic building compared to the other 2, well maybe MBR is also iconic. The address of The Sail is Marina Boulevard, rather than Shenton Way. This could mean more prestige compared to One Shenton, although both are in similar locations.
13th nervous breakdown
26-03-07, 18:07
My vote goes also to The Sail! #1: much cheaper than MBR. #2: cheaper and better location than One Shenton. #3: the most "chio" looking in that area.
Unregistered
26-03-07, 21:03
$1600psf , cheap or expansive depends if the unit is Bay facing or City Facing and on which floor ?
Sail lover
07-07-07, 03:54
Dear all,
Tower 2
Abv 50 floor for sale.
Whole level - 6663sqft.
Last offer 2200psf rejected.
2300 psf secures.
Interested investors, pls reply through this thread.
Thanks.
Project Name ........... Price ........... Floor Area . Unit Price . Date
The Sail @ Marina Bay . $3,500,000 . 1,033sqft ... $3,387psf . April 2008
http://www.ura.gov.sg/DMP2008/video3.htm
Unregistered 13 14
28-05-08, 17:34
#14 -05 #14-05 #14-05 #14-05 #14-05.
#14-05 #14-05 #14-05 #14-05 #14-05
Unregistered 13 14
28-05-08, 17:45
#14 -05 #14-05 #14-05 #14-05 #14-05.
#14-05 #14-05 #14-05 #14-05 #14-05
Unregistered_noisy
15-06-08, 23:58
A lot of punters wanting to unload urgently. Some want to sell at cost they acquired at, but even at that price, it is hard to find buyers.
richardsng_era
02-07-08, 21:18
Hi The Sail Specialists
I have a client who offered a Studio #0X-07 (Below concourse level, No view at all) at max. S$1400psf, but was told by the agent that owner rejected the offer. It would be good if the owner of this studio unit can contact me, as I still holding on to his cheque. Thanks.
Contact:
Richard Sng
ERA Singapore
HP: +65-92993342
Email:
[email protected]
Skype: richardsng
Home Page: http://www.homes88.net, http://92993342.myweb.sg
My Space: http://richardsng-era.spaces.live.com
A lot of punters wanting to unload urgently. Some want to sell at cost they acquired at, but even at that price, it is hard to find buyers.
What is the price for a 2 bedder?
st michael
05-07-08, 16:49
Because hahaha, new launch at St michael Rd from 600psf, 999yr leasehold. Dakoda buyers are fxxking screwed now!!!!!!!!!!!
Haha.... look at the other thread, new launch at Kovan this weekend, 500+ units, 99-year, minimum $900psf, makes Dakota Residences a steal!
Unreg¡stered
05-07-08, 16:54
Because hahaha, new launch at St michael Rd from 600psf, 999yr leasehold. Dakoda buyers are fxxking screwed now!!!!!!!!!!!
Haha.... look at the other thread, new launch at Kovan this weekend, 500+ units, 99-year, minimum $900psf, makes Dakota Residences a steal!
2 idiots talking cock here!
Wake up! This thread is not for St Michael nor Dakota.
What is the price for a 2 bedder?
What is the going rate now?
It really depends on which stack, which floor, psf varies fr 1500-3500psf ! wow
idiots will buy now
09-07-08, 07:45
haha, you stupid fools that are still buying condos, singapore just narrowly escaped recession for this quater. Next quater and 1st quater 2009 confirmed go into recession, by then your idiotic purchases will drop by 40%.
Unregistered2
09-07-08, 08:25
haha, you stupid fools that are still buying condos, singapore just narrowly escaped recession for this quater. Next quater and 1st quater 2009 confirmed go into recession, by then your idiotic purchases will drop by 40%.
So? Property prices always go up and down.
Unreg¡stered
09-07-08, 11:14
haha, you stupid fools that are still buying condos, singapore just narrowly escaped recession for this quater. Next quater and 1st quater 2009 confirmed go into recession, by then your idiotic purchases will drop by 40%.
Talking cock again.
Can say "next quater and 1st quater 2009 confirmed go into recession".
Can also say "next quater and 1st quater 2009 confirmed go up further".
Can say anything.
Whatever it is. IRs will push Singapore GDP up further.
Only idiot like you talk cock here.
Went to see The Sail last weekend.
The 3 bedroom is a disaster! There is a support pillar in the master bedroom - so ugly and take up space. One of the rooms is too small to be called a room - due to the odd angle, it can only be a study or storage room. Really disappointing.
The 1 bedroom is nice and cosy but no bathtub.
The 2 bedroom is just right. At least there is no pillar and there is a bathtub. But the kitchen is small - no space for a double door fridge or a dryer.
The 1 and 2 bedrooms do not have a proper wall for the room. Just a see through closet type of door. Will need renovation to fix this "feature". Also the closet fixtures are hideous. Will also need major renovation.
Those with bayview lower than 50th floor will be blocked by an office coming up soon.
All this for 1.6k to 2k psf? You decide...
somemore the pool area is a disappointment.. The same area is much better, in terms of facilities..One of the worse CDL project..
Seeing is believing
23-07-08, 03:00
Whatever it is. IRs will push Singapore GDP up further.
Only idiot like you talk cock here.
Well Dude, good luck and have a another real deep puff from the crack pipe,...you gonna need it...
Hi,
I have a 3 room unit at The Sail for sale.
Built-in: 1313 sq.ft
Stack 22
Above 18 floorInterested can PM me or contact me at
[email protected] (http://forums.condosingapore.com/)
Caleb Koh
PropNex
(1) 657sq.ft Stack with the pool view & bay view! Worth for investment and looking @ 2150psf only! #52 Must Sell. Neg !!!
(2) 678Sq.ft Cheapest you can find! Pool view and great for own stay too! Looking @ only 1850psf! Serious seller! We can work on the offer that comes in! #12.
CALL/SMS FOR MORE INFO.
THANKS FOR VIEWING
BEN NG (HSR)
M: 97269210
E:
[email protected] (http://forums.condosingapore.com/)
W: http://dreamzproperty.spaces.live.com (http://forums.condosingapore.com/)
The whole classfieds has sooo many people trying to sell/rent units from The Sail.. woohooo..
This forum is for property savvy investors, not goondus and idiots. You want to market here, sell at $1,000psf if not get lost
Hey savvy investors,(sail sucks) anyone marketing @ $1000psf, for #12 up pls refer to me. You will be PAID 50% of what i get for close sale... Or i can help you market if you have a unit going @ $1000psf....
Cheers....
This forum is for property savvy investors, not goondus and idiots. You want to market here, sell at $1,000psf if not get lost
Wow bro, you expect to @@ $1K,PSF here.Got lobang post here leh.
This agent is just making a living,y ask for something you can't find now.
TheSailFieldReport
11-08-08, 03:05
went to visit The Sail earlier (8 units at one shot, one guy owned the entire floor). I gotta say I was pretty disappointed.
Well, The Sail looks gorgeous from ECP, it has a very prime city location. And Tower 1 has about 3 units with fantastic views. The gym is pretty good. And errr, that's about it.
1. The rest of the units are either flanked by existing project (One Raffles Quay) or upcoming ones (the new Marina Bay Financial Centre, One Shenton etc)
2. Tower 2 is East-West Facing, and the West Facing Unit was so hot when I went at 6pm.
3. The amount of defects found in the just completed unit is atrocious, I even saw cracked wall.
4. The pool and bbq area is pretty disappointing, not classy for the kinda of price you pay. You can't even find much jacuzzi areas.
5. The sky garden is a joke, just an empty area with a few tables and chairs (It pales in comparision to that of Icon)
6. The game/TV room is really small and bare
7. The glass canopy at the foyer was already leaking.
8. I wonder how residents of 1116 units would be sharing all the facilities?
I was quoted prices of between $1900-$2400 for the various sizes (1/2/3 bedrooms) for a high floor. For that prices, I was really expecting something better.
using colloquial language does nt make one uneducated. U agents should be professional and educated to differentiate between a discussion forum n a marketing website, but sadly enuf, u can't. It is not wrong to call u agents who try to mkt here cheebys (meaning cunt) as u r putting urselves in the position to get screwed here. Is this too unintelligible 4 u ?
Your advise is noted, but i guess you are educated enough to use your words wisely, i am not opening up a discussing who right who wrong, but promise yourself this, never let your family member be the next (prostitutes) here in the coming day. Whoever it's, forum member here would not welcome people like you MORE than anyone else. Trust me, .
Use your WORDS wisely
12-08-08, 14:05
using colloquial language does nt make one uneducated. U agents should be professional and educated to differentiate between a discussion forum n a marketing website, but sadly enuf, u can't. It is not wrong to call u agents who try to mkt here cheebys (meaning cunt) as u r putting urselves in the position to get screwed here. Is this too unintelligible 4 u ?
Thank you for your kind words, i am not in a position to say who is right and who is wrong and i don't even bother at all.Seeks the effect of speech does not need one to be educated. (Check all the the dictionary, what is the meaning of WISELY)
Recommending feedback to the admin would keep agents away from marketing here. It's your OWN assumption of me being an property agent. Lastly this forum is place for inventors and property related. And it's not for showing off your colloquial language. GET IT RIGHT.
In your OWN words!
14-08-08, 12:45
Sorry..I couldn't resist...this forum is for INVENTORS??!!!
Thank you for your kind words, i am not in a position to say who is right and who is wrong and i don't even bother at all.Seeks the effect of speech does not need one to be educated. (Check all the the dictionary, what is the meaning of WISELY)
Recommending feedback to the admin would keep agents away from marketing here. It's your OWN assumption of me being an property agent. Lastly this forum is place for inventors and property related. And it's not for showing off your colloquial language. GET IT RIGHT.
most agents are crackpots wth lousy english so u got to understand that.
Sorry..I couldn't resist...this forum is for INVENTORS??!!!
Kwek Leng Beng says..
17-08-08, 01:05
If Mr Kwek is still so bullish about the health of the property market, why then does Thakral Land(a wholly owned unit of Hong Leong Asia/Mr Kwek Leng Beng) want to dispose of the all the balance 17 units of The Sovereign it owns?
Thakral Land has been keeping the 17 units of The Sovereign since TOP more than a decade ago. So why sell now?
There is redevelopment potential as the site’s current Masterplan plot ratio - ratio of maximum potential gross floor area to land area - is 2.8, which is higher than the 1.8 plot ratio tapped by the existing property. So why should Mr Kwek sell now?
Is Mr Kwek saying one thing and doing the contrary?
Unregistered5
17-08-08, 01:28
sme developers say the 'right things' to protect the interest of future launches n personally act otherwise to protect their own interest.
If Mr Kwek is still so bullish about the health of the property market, why then does Thakral Land(a wholly owned unit of Hong Leong Asia/Mr Kwek Leng Beng) want to dispose of the all the balance 17 units of The Sovereign it owns?
Thakral Land has been keeping the 17 units of The Sovereign since TOP more than a decade ago. So why sell now?
There is redevelopment potential as the sites current Masterplan plot ratio - ratio of maximum potential gross floor area to land area - is 2.8, which is higher than the 1.8 plot ratio tapped by the existing property. So why should Mr Kwek sell now?
Is Mr Kwek saying one thing and doing the contrary?
the sail fan
21-08-08, 20:15
Hi,
A question -
For those owners on DPS, from when they will start to pay mortgage to their banks?
TOP - which is when?
Getting keys so that they can move-in - when will that be?
Thanks for your help.
http://www.straitstimes.com/News/Home/Story/STIStory_276105.html
Sep 7, 2008
The billionaire & The Sail penthouse
He came, he saw, he bought for a cool $15m
Whole-floor penthouse on 63rd storey is the most expensive buy so far at Marina Bay condo
By Joyce Teo
Even as the wind is being taken out of the sails in the high-end property market, one deal worth nearly $15.5 million was inked recently.
Dr Bhupendra Kumar Modi, global chairman and founder of Indian conglomerate Spice Corp, bought a whole-floor penthouse unit at The Sail @ Marina Bay for a cool $15.463 million last month.
The US$1.5 billion (S$2.2 billion) Spice Corp group makes cellphones and operates a chain of cellphone retail outlets and entertainment plazas in India.
Last month's deal makes the 5,834 sq ft penthouse - atop the 63-storey second tower of The Sail - the most expensive in the 1,111-unit condo, though not in Singapore.
The price for the 99-year leasehold apartment works out to $2,650 per sq ft (psf). Next door, a bigger penthouse in the 99-year leasehold Marina Bay Residences was sold for $26.9 million, or $2,446 psf in late 2006.
In Singapore, the record price is $5,600 psf for a 53rd-storey private apartment in The Orchard Residences. This works out to $28.27 million for the 5,048 sq ft, 99-year leasehold unit.
On an absolute basis, a freehold apartment on the 19th storey of The Marq on Paterson Hill was sold for a whopping $31 million, but at a lower psf price of $5,100. Both deals were done during last year's boom.
Price was never an issue for Dr Modi, 59. It was love at first sight when he viewed the penthouse at The Sail, which is the size of nearly six four-room HDB flats.
'You either like or don't like it,' he said of his property buy. 'The deal was closed in two hours. Even my wife didn't look at it.'
It comes with a lap pool, a private terrace, four bedrooms and sweeping views of the Marina Bay area.
Designed by architect Peter Pran, The Sail will be the tallest residential development in Singapore when completed this year. Its other tower has 70 storeys.
'I have a lot of global guests... I want to show them the best of Singapore and this flat allows me to do that,' said Dr Modi, who became a permanent resident here on Aug 15, India's Independence Day.
He has just relocated the global headquarters of the Mumbai-based Spice Corp here.
When renovation work at his penthouse is completed by the start of next year, he will move from his current base in Beverly Hills in the United States to Singapore.
Over there, Dr Modi has an 8,000 sq ft house with five bedrooms and a pool.
'There, I had my family with me. Here, my son wants to live separately,' he said.
His son Dilip, 32, is the group president for global operations at Spice Corp. One of his daughters Divya, 26, is its global director of finance.
His son will set up home at one of his two older properties here - a $12.5 million unit at The Claymore, bought six years ago, and a $10.5 million Ardmore Park unit bought in 2006.
Dr Modi has a fourth personal property in Singapore, a $10.5 million penthouse of around 5,000 sq ft in Sentosa Cove. He will use the unit, 'right by the sea', as a weekend home to get away from the madding crowd, 'to read and to meditate'.
All the four homes were bought in his personal capacity.
He has three other company-owned properties in Singapore: an office property and two small residential properties in East Coast used as company guesthouses.
Dr Modi said he will create an 'environment' in The Sail penthouse that is similar to that of his Beverly Hills house.
That means turning The Sail penthouse into a swish '24/7' entertainment zone.
'I like to be with people all the time,' said the man who led the world's largest delegation of spiritual leaders to The Millennium World Peace Summit held at the United Nations General Assembly, and who is also president of the Maha Bodhi Society of India, an organisation aimed at reviving Buddhism in India.
Dr Modi, a Buddhist, has reportedly demanded Indian citizenship for the Dalai Lama. He has a film-making firm called Buddha Films.
He has also announced his plans to help revive the shopping and entertainment scene here.
During Spice Corp's opening here in the middle of last month, he said his group will invest US$200 million in a 24-hour entertainment and shopping complex, as well as a cellphone software development centre here.
His purchase of The Sail has netted the seller, Dr Sudhir Gupta, $6.6 million.
Dr Gupta, 50, is the New Delhi- born, Moscow-educated Singaporean businessman who made headlines when he bought the same unit in late 2005 for $8.8 million or $1,508 psf - then above the condo's average price of $1,080 psf.
Dr Gupta, who became a Singaporean in 1997, had also bought 21 other units at The Sail for an average price of $1,150 psf around that time.
He was born into a middle-class family in New Delhi but went on to start a tyre company in Moscow. He later acquired a Dutch tyre-maker and listed the merged entity in London in 2005.
Dr Modi, on the other hand, is the son of Mr Gujar Mal Modi, who founded one of India's largest industrial conglomerates, the Modi Group.
Dr Modi parted ways with his family in the early 1980s and, with the money from the split, started a series of joint ventures with global corporations, the first with Xerox.
'He is from Delhi city so he knows us for a long time,' said Dr Modi of Dr Gupta. Still, he bought his penthouse through a broker.
'I never use my personal relationship. He didn't know I bought it until later.'
Market watchers say the $15.463 million price tag is high given today's weak property market.
'This penthouse is unique as it's on a whole floor, offering a 360- degree view and on a very high 63rd floor,' said Knight Frank's director of research and consultancy, Mr Nicholas Mak, explaining its high price.
'But such transactions are rare and getting more so these days because the market has turned more cautious.'
There are many potential landlords at The Sail but few takers for now, market watchers said. Apart from possibly high asking rents, there is also construction work going on near the development.
Dr Modi now has 13 properties all over the world. Apart from the four here, the rest are in Bangalore, Beijing, Beverly Hills, Mumbai, Kuala Lumpur, London, New Delhi, New York and Shenzhen.
On his latest buy here, he said: 'Beauty is in the eye of the beholder. It is a location I like very much...It's not something I bought to sell. I never sell my houses.'
[email protected]
A place for 24/7 entertainment
Having coughed up nearly $151/2 million for his penthouse at The Sail @ Marina Bay, Dr Bhupendra Kumar Modi will plonk down another $2 million to do it up.
That $2 million can buy six four-room HDB flats or a fairly posh condo unit.
The money will go into making it a 'high-tech' penthouse with special lights, a home theatre system and even a spot for musicians to jam.
One of the four bedrooms will be for Dr Modi's own use.
The rest of the apartment will be used for entertaining up to 100 guests, from breakfast to dinner to supper.
'I am converting it into a sort of 24/7 entertainment place,' Dr Modi told The Sunday Times.
'Singapore will be a 24/7 city, so will be my flat. If it's breakfast, we can have a party by the pool. If it's the afternoon, we can have a movie in the hall.
'At night, we can create a disco in some areas. It's a lifestyle place.'
Its splendid view, location and spaciousness - a total of 5,834 sq ft - are why he bought the unit.
'I like the layout for the purpose I want. It's not a family penthouse, it's more a single's pad,' he said.
Joyce Teo
Unregistered11
12-09-08, 00:42
Hi, anyone who have units@ The sail twr 1 stack 04,05 or 06 going at 1800 - 2200psf #12 floor abv, pls sms / call me at 96337533. Have a serious indon buyer looking for one.
Thanks
Unregistered333
12-09-08, 03:18
haha, you stupid fools that are still buying condos, singapore just narrowly escaped recession for this quater. Next quater and 1st quater 2009 confirmed go into recession, by then your idiotic purchases will drop by 40%.
You wanch to buy lower issit? :p
u need a crack pipe
16-09-08, 14:19
All buyers of sail must be having a crack party before signing the papers. i bet 90% of these buyers are crack addicts....
Hi, anyone who have units@ The sail twr 1 stack 04,05 or 06 going at 1800 - 2200psf #12 floor abv, pls sms / call me at 96337533. Have a serious indon buyer looking for one.
Thanks
All buyers of sail must be having a crack party before signing the papers. i bet 90% of these buyers are crack addicts....
Why insult them? Did they offend you?
because there are sour grape eaters in this forum
like to put down on this and that properties
to make themselves feel better
This is the nature of human ya
Any idea what is the latest status of studio units at Sail now ? offer price for studio with seaview ? Thanks
construction_View
26-09-08, 08:01
probably you get construction view and a lot of noises and dust.. Should be going at much more reasonable prices now that the "wow" factor from the top floors is gone ! Hearing rentals have plunge for this project as well !
From Realis (sorry poor formating):
Project Name/Address Floor/Land Area (sqm)/Unit Price ($ psf)/Contract Date/Type of Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #11-06 158 1700 10-Oct-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #11-15 80 1550 10-Oct-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #19-22 122 1371 07-Oct-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #45-21 80 1968 30-Sep-08 Sub Sale
MARINA BAY RESIDENCES 18 Marina Boulevard #44-04 66 1760 22-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #14-06 163 1750 19-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #04-18 153 1500 16-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #48-18 185 2000 14-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #27-03 96 2449 13-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #27-18 153 1800 12-Sep-08 Sub Sale
MARINA BAY RESIDENCES 18 Marina Boulevard #49-07 97 2175 09-Sep-08 Sub Sale
MARINA BAY RESIDENCES 18 Marina Boulevard #39-04 66 2049 08-Sep-08 Sub Sale
MARINA BAY RESIDENCES 18 Marina Boulevard #39-05 68 2050 08-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #10-16 57 1661 28-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #50-18 180 2270 25-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #15-11 62 1579 25-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #52-16 57 1651 20-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #42-04 87 2563 13-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #30-03 96 2497 07-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #28-11 62 1549 07-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #63-18 542 2650 06-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #15-05 82 2389 01-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #52-17 63 1650 01-Aug-08 Sub Sale
sand_delay
31-10-08, 21:59
Sand delay...
So those who bt Sail have to endure further piling and dust for more mths to come.. Reckon what will happen to the price at Sail ?
Unreg¡stered
31-10-08, 23:48
Sand delay...
So those who bt Sail have to endure further piling and dust for more mths to come.. Reckon what will happen to the price at Sail ?
Huh! Really?
http://us.news2.yimg.com/us.yimg.com/p/fi/pr/44311.gif
Marina IR to open by end-2009 as planned
Reuters
Singapore
Friday, 31 October 2008
http://www.hotel-online.com/News/PR2006_3rd/MarinaSandsRenderingAug2006.jpeg
Las Vegas Sands plans to open its Singapore casino by the end of next year as scheduled, despite a report that the project will be delayed, a Singapore-based company executive said yesterday.
“We continue to target the end of 2009 for the opening of Marina Bay Sands,” Mr George Tanasijevich, general manager of Marina Bay Sands, said in a statement.
His comments follow a report in The Straits Times yesterday, which said the project was several months behind schedule due to construction issues and a shortage of labour.
According to the newspaper, event organisers said the casino had indicated that it would accept bookings only from April 2010.
Singapore legalised casino gaming in 2005 and licensed two multi-billion-dollar integrated resorts in a bid to attract more tourists and convention visitors.
The Marina Bay Sands is being built on reclaimed land near Singapore’s central business district and is scheduled to open late next year.
The second, Genting International’s Resorts World at Sentosa, is slated for completion in 2010. A Resorts World spokesman said it was “on track” for a “soft opening” in 2010, the paper reported.
Fire_Sail_900psf
03-11-08, 10:57
Heard 900 psf done for The Sail.. Can anyone confirm ?
Heard 900 psf done for The Sail.. Can anyone confirm ?
still ok no go down to 20$psf hehe
Unreg¡stered
03-11-08, 16:51
Heard 900 psf done for The Sail.. Can anyone confirm ?
Maybe $964psf?
Exactly the same as 99LH KR in D19?
Ha ha!
Anyway, it's not true! I'm just kiddin'.
Private Residential Units Sold in the Month of September 2008
Project Name ..... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Kovan Residences . OCR ....... 4 ............................... 964 ................ 940 ............... 860
Wow!
KR has just broken August record high of $954psf with this new record high of $964psf.
Bravo!
I am not kidding.. Am hearing whispers about 900ish psf sale.. Can anyone confirmed ?
Unreg¡stered
04-11-08, 11:49
I am not kidding.. Am hearing whispers about 900ish psf sale.. Can anyone confirmed ?
Forget about condo lah.
Go buy HDB flats better.
Many are buying HDB flats. So can't go wrong.
280 have booked Natura Loft during the weekends.
Natura Loft saw 280 bookings on first weekend
Monday, 3 November 2008, 1740 hrs
The property market may not be as bubbly but more than half of the units being offered in Singapore’s fourth condo-style public housing project at Bishan, have been snapped up.
Natura Loft at Bishan's developer, Qianjian Realty, says it received more than 280 bookings on the first weekend following its launch last Friday.
The project under the Housing Board's Design, Build and Sell Scheme or DBSS, will feature three 40-storey blocks of 160 four-room units and 320 five-roomers.
The developer says the take up rates for both the 4-room and 5-room flats are on par.
China-based QianJian says more than 4,700 people visited the Showflat over a three-day period.
The four-room units of about 1,020 square feet each are priced from $465,000 to $586,000.
The five-roomers of 1,290 square feet will go from $600,000 to $739,000.
That works out to between 450 and 570 dollrs per square fott.
The prices are a notch higher than HDB's third DBSS project, Park Central at Ang Mo Kio.
This was priced between $400,000 and $500,000 each for four-roomers, and $600,000 and $670,000 for five-roomers.
Unregistered11
04-11-08, 16:52
Any idea what is the latest status of studio units at Sail now ? offer price for studio with seaview ? Thanks
$1600psf for #34, seaview
Unregistered *****
04-11-08, 17:12
$1600psf for #34, seaview
nex time enbloc he aso wan hi pris becos hi flor an seaview?
When touring showflats, I enjoy Cyndi Lauper's Time-after-Time as background music. Hate the oldies like Frank Sinatra!
Knight Frank.
04-11-08, 20:09
nex time enbloc he aso wan hi pris becos hi flor an seaview?
excuse me, enbloc no such thing as more money for high floor.......or facing! same payout even unit face rubbish dump.......
Unreg¡stered
07-11-08, 21:14
Sand delay...
So those who bt Sail have to endure further piling and dust for more mths to come.. Reckon what will happen to the price at Sail ?
You heard something else lah!
http://www.channelnewsasia.com/images/CNAlogo.gif
Las Vegas Sands reaffirms commitment to Marina Bay Sands project
Channel NewsAsia
Friday, 7 November 2008, 2032 hrs
http://www.channelnewsasia.com/imagegallery/store/phpzGfcLE.jpg
The Marina Bay Sands
Las Vegas Sands said it is committed to completing the development of the Marina Bay Sands integrated resort in Singapore.
Concerns had been raised about the company's ability to finish the US$4 billion development after news broke out that it was struggling with a shortage of cash.
In a statement on Friday, Sands said it met with the Singapore government this week and gave the assurance that it will see the Marina Bay Sands project through.
It said the meeting covered a range of subjects, such as the pace of construction of the hotel towers in the resort and the strong response to the marketing efforts by Marina Bay Sands and the Singapore Tourism Board to bring more conventions, exhibitions, and corporate meetings to Singapore.
Sands also said it has complied with regulatory requirements that will allow it to have up to 1,000 gaming tables in the resort's casino – up from the original figure of 600 tables.
The company said it has received more than 10,000 responses from Singapore job-seekers to its joint recruitment initiative with the National Trades Union Congress' (NTUC) Employment and Employability Institute and the Singapore Workforce Development Agency.
Sand's statement comes as banks which provided loans for the project said all signs signal that it is on track. DBS said it has not had any indication that work on the project is faltering.
DBS is one of 40 banks that formed a syndicate to fund the Marina Bay Sands casino development, which is estimated to cost more than four billion US dollars.
"All signals I'm getting from the management of Las Vegas Sands is that they intend to finish the project and move on," DBS chief executive Richard Stanley said at a news conference on the bank's third-quarter earnings.
"I have to accept what they say and I have seen in recent days a strong commitment to the project from Las Vegas Sands... There's been no default, there's been no indication of default," he said, adding there was no need to provide for loan provisions.
"As of now, all the equity commitments have been made, the project is proceeding in pace."
Citi Singapore, which is also providing loans for the project, said the long-term viability of Marina Bay Sands has not changed.
Citi's head of corporate banking, Silas Lee, said the fundamentals of the project still stand although short-term uncertainty is expected given the current market conditions.
According to reports, Sands held talks this week with the Singapore government over the Marina Bay project.
The Singapore Tourism Board said last month that it was in talks with Marina Bay Sands to facilitate the successful completion of the project.
Reg¡stered
11-11-08, 19:56
You heard something else lah!
Yes, still on.
http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Marina IR is 'No. 1' priority
Lim WeiChean
The Straits Times
Tuesday, 11 November 2008
http://www.asiaone.com/A1MEDIA/news/11Nov08/images/20081111.200710_sands.jpg
The Marina Bay integrated resort remains the 'No 1' priority for Las Vegas Sands even as the casino operator suspends projects in its Macau headquarters and scales back on a development in Pennsylvania, its top suits promised.
Sands president and chief operating officer William Weidner said the Singapore IR is not only 'a very important project' which offers 'terrific returns on investment', but it is also 'probably the most important project' in their portfolio.
In a conference call early on Tuesday, the embattered company also said it is raising US$2.14 billion in capital, including new funding from its billionaire chief executive, Sheldon Adelson.
http://www.finehomeslv.com/stardust_hotel_las_vegas/las-vegas-sands.jpg
<LORD have MERCY>
12-11-08, 16:33
A persistent worry for the financial-crises cum property market??????
If you are experiencing symtoms such as fatigue,poor concentration,
restlessness, irritability, sleeping difficulty and headaches, do not be
scared to see your GP. If the description sounds like you, you may
be suffering from Generalised Anxiety Disorder!
PROPERTIES ARE IN SHACKLES! DO NOT PUT YOUR LIVES IN HANDCUFFS!
excuse me, enbloc no such thing as more money for high floor.......or facing! same payout even unit face rubbish dump.......
Unreg¡stered
12-11-08, 21:55
A persistent worry for the financial-crises cum property market??????
If you are experiencing symtoms such as fatigue,poor concentration,
restlessness, irritability, sleeping difficulty and headaches, do not be
scared to see your GP. If the description sounds like you, you may
be suffering from Generalised Anxiety Disorder!
PROPERTIES ARE IN SHACKLES! DO NOT PUT YOUR LIVES IN HANDCUFFS!
Are you sick or what?
What cocks are you talking about?
Go see a GP!
2 useless jerks talking cocks!
Project Name-THE SAIL @ MARINA BAY
Developer-Glengary Pte Ltd(AIG Global Investment Group / City Developments Limited)
Property Type-Apartment
Tenure - 99 Yrs From 12/08/2002
Total Units - 430
Completion Date - May-2008
District - 1
http://www.virtualhomes.sg/FileUpload/Project/207/Images/in1.jpg
http://www.virtualhomes.sg/FileUpload/Project/207/Images/floor_type1D.jpg
from:
http://www.virtualhomes.sg/thesail@marinabay
sgseriousbuyer
01-12-08, 15:10
Pls contact me at
[email protected] if there is any unit at the sail gng for <$1000psf.
Seriously lor... Why pay so much for a 99 leasehold when you can buy freehold on Orchard road like Visioncrest, Parc Emily, etc.
The Sail doesn't have a nice design also and good luck getting groceries, etc! And did you check out the pathetic pool?!
Only good thing is the view. That is if you have one - another building is going up to block whatever is there now. So stupid... they should have built the living to block the office not the other way ard. And no balcony/patio to enjoy the breeze/view.
Maybe if there is a fire sale and I got some extra cash... Nah. I will prob get Icon instead... :tongue3:
propertybingo
11-12-08, 17:08
Call Tom @ 9631-3193 Brand new The Sail, 600sf, Poolview, P/F, mid level, lowest in rent only 3.5k, next to Raffles Place MRT, immediate, Expats choice, don't miss
sgseriousbuyer
29-12-08, 09:50
Does the units at the sail come with free parking lot? If not how much does the owner have to pay for parking monthly?
if i'm not wrong, the sails hv around 1100 units. BUT, it only hv about 550 parking lots. U need to ballot for the season parking n of cos pay for it !!! The maintenance fee will not incl the parking ! :tsk-tsk:
I believe its more than enough. Most owner rent out their units to expat that do not drive, so separating parking from the maint fee is a good thing. I understand maint fee is quite low as a result.
Another CBD project Icon has the same scheme. The carpark there is more than enough as well.
if i'm not wrong, the sails hv around 1100 units. BUT, it only hv about 550 parking lots. U need to ballot for the season parking n of cos pay for it !!! The maintenance fee will not incl the parking ! :tsk-tsk:
i heard from friend..
890 sf at less than 600k
just dealt
true not? so low and lelong??
Very possible.. could be one of those investors who depend on "+ve" cashflow from rental to cover installment payment.
I went see my banker and when I looked down from One Raffles, you can see a lot of empty units at Sail... means.. no expats to rent from the investor.. and investor no means to service the loan.. so have to fire sale?
I wonder why anyone want to buy units there..
it's 99yrs LH.. and offices in One raffles can look directly into the units..haha.. which means they have to permanently pull the blind.. even AT NIGHT.. coz the bankers work late into the nite too.
Will buy higher floor with Bay view for about 1000+ psf . The project is a joke , small swimming pool for over 1,100 units , lousy facilities, no parking, ERP in and out cost you money everyday. to wait the lift takes ages. and too crampled. + 95 YEARS left only.. I just need the place for my in law to stay .. if oneone wants to sell at around 1000psf send me details , quick cash buy !!
Never was very impressed by The Sail. The residential property fundamentals of that condo is just wrong! For the same money, I'd rather buy freehold D9,10,11 and even then I won't even consider some parts of D 10/11, especially the Ghim Moh and Balestier parts. I'd rather take the D9 part that's near Little India if I am on a tight budget. If got a more flexible budget, probably a low floor, not so good facing unit in River Valley or Newton/Novena. Please note, I do not consider anything north east of Moulmein Rise to be Novena.
unregistered_user
23-01-09, 18:53
Who cares if you like anot?
Got $$$ then say. Talk is cheap.
Never was very impressed by The Sail. The residential property fundamentals of that condo is just wrong! For the same money, I'd rather buy freehold D9,10,11 and even then I won't even consider some parts of D 10/11, especially the Ghim Moh and Balestier parts. I'd rather take the D9 part that's near Little India if I am on a tight budget. If got a more flexible budget, probably a low floor, not so good facing unit in River Valley or Newton/Novena. Please note, I do not consider anything north east of Moulmein Rise to be Novena.
http://www.straitstimes.com/Life%2521/Life%2BDesign/Story/STIStory_329941.html
January 24, 2009 Saturday
Fashionably clad
Walls of 62nd-floor condo have timber veneer and tiles of varying widths for a modern yet cosy feel
http://www.straitstimes.com/STI/STIMEDIA/image/20090123/ST_LIFE_1_CURRENT_HDSAIL-AZW.jpg
Take in a sweeping view of the Benjamin Sheares Bridge and Singapore Flyer from the bright and modern master bedroom. -- TEXT: REBECKKA WONG, PHOTOGRAPHY: WINSTON CHUAN, ART DIRECTION: NICCO LIM
View more photos: http://www.straitstimes.com/gallery/Life%2521/Life%2BDesign/Story/STIStory_329941.html
When your apartment enjoys a million-dollar bird's-eye view of the Marina Bay area and beyond - overlooking the Singapore Flyer, the floating platform, the site of the future integrated resorts and all the way out to sea - the interior design of the space can rightfully take a back seat.
However, home owner Dato Resham Singh felt the interiors of his 62nd-storey 1,500 sq ft apartment at swanky new condominium The Sail, which was already kitted out for immediate occupation, could use a little aesthetic enhancement to make it feel more like a home.
'The apartment came with all the necessary finishes, but it looked pretty bare with plain white walls and no strong features,' says architect Lim Ai Tiong of Lato Design Architects, who was tasked with conceptualising the new look.
It was a challenge to create a style that Datok Resham and his wife, both in their 60s and who had never stayed in modern-style interiors, would feel comfortable with.
'Their previous home had a very ethnic style. I'm glad he was willing to let me try a more contemporary look,' explains Mr Lim, who does only modern design. The Malaysian couple do not live here. They use the 1,500 sq ft flat only when they are in Singapore.
The original plain walls of the living and dining areas made the space look bare and nondescript. By cladding various areas in different materials, the designer has created visual anchors to draw the eye towards the amazing view.
The new skins also add colour, decoration and warmth to the interiors.
In the living room, subtly streaked timber veneer in a warm toasty hue hugs one wall, complemented by false ceiling features that define the two spaces.
To keep the colour palette in the home consistent, Mr Lim matched the timber veneer to the one used on the existing bedroom doors.
A mirror wall installed at the dining area doubles the feel of the space and affords diners on both sides of the table a great sea view.
On the L-shaped wall that marks the footprint of the kitchen, Mr Lim has pieced together textured homogeneous tiles in different widths to create a feature wall with a sleek modern appeal.
The heavy curtain along a wall in the living room softens the hard edges of the apartment's interiors and hides the household bomb shelter and the shoe cabinet
The designer has also kept things simple in the master bedroom, which has an excellent sweeping view of the Benjamin Sheares Bridge, the Singapore Flyer and the floating platform where the last two National Day parades were held.
The 'jigsaw-like' theme used for the tiled feature wall in the kitchen is repeated here, but using panels of timber veneer instead, complementing the wood flooring. The wall doubles as a bedhead.
According to Mr Lim, the owners say they like their first modern-style home so much, 'they joke they will not stay in places with any other kinds of interiors from now on'.
This spread first appeared in this month's issue of Home & Decor, published by SPH Magazines.
Alan Shearer
17-02-09, 05:29
Is there any piped gas to any units?
Can use gas bottles?
http://www.businesstimes.com.sg/sub/suite/story/0,4574,324358,00.html?
Published March 19, 2009
The Sail generates top gains in subsale deals
Largest windfall of $6.7m achieved for a unit above the 60th floor
By KALPANA RASHIWALA
TRANSACTIONS at The Sail @ Marina Bay last year topped the subsales deals that generated the highest gains, both in absolute as well as in percentage terms, a caveats analysis by Savills Singapore shows.
http://www.businesstimes.com.sg/mnt/media/image/launched/2009-03-19/BT_IMAGES_KRBIG19-3C4.jpg
The Sail @ Marina Bay: In all, there were 74 instances of gains generated from subsale transactions at The Sail in 2008
In absolute dollar terms, the biggest gain of $6.66 million was achieved for a unit above the 60th floor of the 99-year leasehold project. It was bought for $8.8 million or $1,508 psf in November 2005 from the project's developer, and sold in the subsale market for $15.5 million or $2,650 psf in August last year.
The top percentage gain of 178 per cent was generated by a 49th floor unit at The Sail that was sold for $1.42 million or $2,400 psf in the subsale market in May last year. The seller had picked up the unit for $510,400 or $862 psf from the developer (a joint venture between City Developments and AIG) in December 2004.
Two other units at The Sail also yielded subsale profits of 176 per cent and 175 per cent; the sellers had bought their units from the developer.
In all, there were 74 instances of gains generated from subsale transactions at The Sail in 2008. Market watchers noted that this was because the project's launch in two phases in 2004 and 2005 was 'perfectly timed' before residential property prices shot up in 2006 onwards.
As for subsale deals that produced losses last year, the biggest loss in absolute quantum, $1.03 million, was suffered for a unit around the 20th floor at Scotts Square. It was sold in November last year for $3.7 million or $3,050 psf; the seller had bought it up in the primary market in August 2007 for nearly $4.8 million or $3,890 psf.
The largest percentage loss (36 per cent) was incurred by the owner of a 26th floor unit at Tribeca on Kim Seng Road who had paid the developer $885,800 or $1,553 psf in February 2007 and sold his unit at $570,000 or $999 psf in December last year.
Looking ahead, Savills Singapore director Steven Ming said: 'It's reasonable to expect that subsale losses may increase this year, unless macro and global economic problems are ironed out and financing eases,' he added.
Knight Frank executive director (residential) Peter Ow notes that what would usually make an investor cut losses in the subsale market is when it is time to pay up the developer. 'An investor exposed to a few properties he has bought on deferred payment scheme may want to cut losses on the first one or two to improve his cashflow, so that when it is time to pay up for the third one, he can afford it,' he added.
In the event that a buyer has difficulty getting a bank loan and footing the bill for a chunk of the purchase price to the developer when the project receives Temporary Occupation Permit (TOP), some developers may be prepared to repudiate the sale and purchase agreement and forfeit the 20 per cent initial payment collected from the buyer and proceed to resell the unit.
But other developers may sue the buyers and force them to complete the sale and purchase agreement at the contracted price. 'Most buyers wouldn't want to take the risk of defaulting because they don't know the position of the developer and risk being sued and even bankrupted,' Mr Ow said.
For projects completing in 2011/2012, most investors will tend to hold their units as there is a possibility of a property market recovery, he predicts. 'But for projects receiving TOP, say, this year, investors will have to weigh risks of whether they have the financial means to pay up. If not, it may be better to cut loss,' Mr Ow said.
Mr Ow estimates that most investors would be prepared to cut a loss of up to 20 per cent on their purchase price (assuming they have already paid an initial 20 per cent to the developer) since they will then not have to take a further hit.
However, if they subsell the property at, say, 70 per cent of their purchase price, they would have to fork out a further 10 per cent to the developer before the developer agrees to transfer the title to the new buyer.
http://www.businesstimes.com.sg/mnt/media/image/launched/2009-03-19/BT_IMAGES_SAIL19A.jpg
thomastansb
26-04-09, 12:20
Actually just bought a mid floor stack 11 (below #40) unit at the sail for 14xxpsf. I don't know if this happens to other sail owners. Have been repeatedly receiving calls from agents (how they get my number????). Asking if I want to sell for 1600psf as there are buyers willing to buy. I wonder how true is that? Can other owners comment? If it's true, might want to let go and make a good 6 digits profit :)
lol so you're the one who got that - i was also looking at that but tenant overseas so owner couldn't let me view.
i've already been approached by at least 5 agents so far - i think they get our details via REALIS or mgmt office. (which by the way, the service sucks)
Last i heard, a low floor 2 bdrm with great view transacted for $1700-$1800psf last week. true or not i also dunno.
It's only been in these past 2 weeks agents say got '$1600psf cheque in hand'. weeks prior to that it was hovering about $1400-$1450.
i am also thinking of whether to wait until the surroundings are completed and is seen in its full potential (all $22b worth) before selling, or sell now.
you bought to stay?
thomastansb
26-04-09, 12:38
Yup.. Bought to stay but it's rented out till next year Feb. I just can't wait to stay there. Anyway, the timing is just nice. When I move in, the IR will be up and there will be more shops around.
But it's kind of irritating to get calls from unknown people. I mean it's like invasion of my privacy. I don't mind if I make known to agents that I want to sell but I didn't !! I think I want to change my number already. Haha. I got 2 calls only. Not as much as you.
1st agent - Told her I will consider
2nd agent - Told him $2000 psf, I don't mind.
Hahahaha. But seriously, I won't sell unless it's over 2.5k psf. I want to stay for a few years first to enjoy. Not selling in the next 3 years.
Any idea when the shopping centre will be completed? The 2 level of basement shopping just beside sail. I hope that it will be up when I move in next year.
You buy for rent or stay?
The central linear park and basement shopping will be up same time as IR. Govt has already annced an 'open house' for sporeans 1H10 so the majority of facilities except for the Gardens will be up. They're opening a new bistro on grd floor of Twr 1 and basement of the Sail i heard Jason's opening up. In any case, there's tons of eateries at the link to ORQ to Raffles place. I was quite pleasantly surprised.
I bought for own stay, will want to also enjoy the surroundings at least for a few years before disposing it, if by then i have the heart to.
Yup.. Bought to stay but it's rented out till next year Feb. I just can't wait to stay there. Anyway, the timing is just nice. When I move in, the IR will be up and there will be more shops around.
But it's kind of irritating to get calls from unknown people. I mean it's like invasion of my privacy. I don't mind if I make known to agents that I want to sell but I didn't !! I think I want to change my number already. Haha. I got 2 calls only. Not as much as you.
1st agent - Told her I will consider
2nd agent - Told him $2000 psf, I don't mind.
Hahahaha. But seriously, I won't sell unless it's over 2.5k psf. I want to stay for a few years first to enjoy. Not selling in the next 3 years.
Any idea when the shopping centre will be completed? The 2 level of basement shopping just beside sail. I hope that it will be up when I move in next year.
You buy for rent or stay?
There is talk of the F1 being routed through Marina Blvd and past the IR as part of an agreement with Sands - dunno if this is true or not but if so, woohoo!
New Bistro, it's facing the Bay at tower 1 . Wah if all those shop categories really come to fruition, i'll be a happy camper. Esp the video & music part ;)
All they need to do now is to setup that spa that CDL promised on the 34th floor of twr 2
http://i221.photobucket.com/albums/dd266/babysgp/Sail1-12.jpg
stalingrad
27-04-09, 10:30
advise you guys to sell. there are 87 units on propertyguru to sell and 300 units to rent. rental per month is about 5 to 6k for a 3 bedder, translating a yield of only 3% at the price you mentioned. the yield is too low to support the price, suggesting the price will go much lower.
rental yield should be about 5 to 6% for the price to be sustainable. besides there are a lot of supply to come on the market. Skyline is now selling for 1,000psf, and it is no worse than the sail in location and tenure.
sell if you I were you, the sail is a lousy condo for own stay. It is a bubble inflated by speculators like yourselves. sell before you lose your shirt. haha.
thomastansb
27-04-09, 20:11
Haha.. It's ok lah..
I didn't buy it too expensive also. Bought it below launch price so I am perfectly happy with it. Moving in soon so not selling. With seaview somemore (maybe in 3 years time, blocked by MBS but who cares for now) so let me enjoy the seaview first lor.
Seriously, what is skyline? Haha. Forget about skyline lah. 1k for that low floor and 1.8k for high floor. I still rather get the sail.
The way I see it is:-
Some condo advertise near MRT
Some condo advertise near Shopping centre
Some condo advertise near IR
Some condo advertise near the sea
Some condo advertise near City
Some condo advertise near Prime district
Some condo advertise near eateries
Some condo advertise near this, near that.
Look here. The sail is AT TWO MRTs, Above shopping centre, Beside IR, Beside the bay and the sea, AT city, At Prime district, beside LPS etc.. Maybe sail owner can add on to this list.
If district one, beside IR is not prime, what is prime? Hmm..
I won't lose my shirt by NOT selling. So what if economy sinks, so what is swine flu hit Singapore badly. I got condo to stay, got facilities, got TWO MRTs, got shopping centres, got IR, got sea activities etc etc etc etc etc etc etc etc etc etc etc etc etc etc....... I would say, this is life. People like you maybe don't really like this location but to each his own. Maybe you find it too crowded or prices will drop drastically to 300psf. It boils down to one sentence and theory - Got money buy then talk ! I am just happy to be a sail owner - at least for the next 20 years :) So be it if it drops to 300psf. I don't care !
advise you guys to sell. there are 87 units on propertyguru to sell and 300 units to rent. rental per month is about 5 to 6k for a 3 bedder, translating a yield of only 3% at the price you mentioned. the yield is too low to support the price, suggesting the price will go much lower.
rental yield should be about 5 to 6% for the price to be sustainable. besides there are a lot of supply to come on the market. Skyline is now selling for 1,000psf, and it is no worse than the sail in location and tenure.
sell if you I were you, the sail is a lousy condo for own stay. It is a bubble inflated by speculators like yourselves. sell before you lose your shirt. haha.
ALL THESE WITHIN WALKING DISTANCE!
-the bay waters
- one of the windiest and coolest places in singapore
Transport:
- MRT - EW/NS (RP), DTL (Landmark)
- most major buses
- always within ERP, never need to pay when go work
Makan:
- Sail grd flr cafes (1 jap, 1 health bar, another can't remember)
- Lau Pa Sat
- Collyer Quay Boardwalk
- One Fullerton
- hundreds of other small restaurants dotted around the area
Shopping:
- RafflesLink-ORQ
- LandmarkLink
- Sail Basement Shoppes
- MBFC (3 basement levels)
Chillout & Relax:
- SailGrd Flr: Harry's, Raffles Bistro
- Twr 2 34 flr: Commercial Spa (tba)
Leisure & Entertainment:
- Gardens by the Bay
- Marina Promenade
- ArtScience Museum
- Marina Bay Sands
- Marina Promontory
Kids:
- 10-15 childcare centres within 1km
WITHIN CYCLING DISTANCE:
- Suntec City
- Esplanade
- Raffles City
- Boat Quay
- Empress Place Complex
- etc etc
and not to mention:
- the enbloc of this project is virtually guaranteed within time, 99yr lh status for CBD properties of marque are moot really
Guys guys.. please stop...
don't make me droool over MBR and Sail..
I am just waiting for the price to come down before I buy ..most probably MBR..
stalingrad
28-04-09, 09:52
Guys guys.. please stop...
don't make me droool over MBR and Sail..
I am just waiting for the price to come down before I buy ..most probably MBR..
Yes, me too. but I am waiting for it to drop to 800 psf before I will take a plunge.
likely to be a long wait bro.
stalingrad
28-04-09, 10:07
likely to be a long wait bro.
Won't be too long. If IRs turn out to be disappointments, may be end of year we will see Sail selling at 800 psf. Not that I want IRs to be disappointments, I wish they won't be.
But one must plan for the worst.
thomastansb
28-04-09, 10:40
Hopefully won't because i just bought one unit there :)
Hopefully won't because i just bought one unit there :)
Congrats, may I ask how much you got it for?
stalingrad
28-04-09, 10:48
Congrats, may I ask how much you got it for?
He got it at a higher price than what he would get it at if he had waited. that is for sure. hope he has holding power for at two to three years. Not that I wish he would lose money. but it seems he would.
Hopefully won't because i just bought one unit there :)
Doesnt matter, treat is as consumption costs. At least you get to enjoy the place and since you are not selling it anytime soon, it doesnt matter. If the price drop, you may not be able to get the exact unit.
Its a good project and I agree with all the points raised above about the merits of The Sail. Usually I only buy freehold projects but there are a few 99-LH that I will buy in Singapore. The Sail, The Reflection and Sentosa Cove.
Enjoy the place.
thomastansb
28-04-09, 11:05
Got mine at 13xx psf. Mid floor (#4x) with seaview for the time being (until MBS is up).
Those who buy recently, should be able to hold it well because of the low price. At least it's low enough for me. As for 800psf, congrats for buying the sail at 800psf. You wait for it, you time it well, it's your credit. As long as I don't sell, I won't lose money. Sometimes, it's just too hard to time the bottom. My CPF + my GF CPF should be enough to support this unit without any cash layout. Unless I/she lost our job, then it's a different story.
My advice to buyers for the sail (or any property) is that your finance must be sound. Have savings of at least 12 months of your pay in case anything happen. I make sure I have 2 years of my pay before committing to a unit at the sail. If not, I would not have gone for it !
Anyway, there is a unit #4x-17 asking 1650psf. Facing NTUC building and facing my unit as well. For interested parties, can take a look :)
Got mine at 13xx psf. Mid floor (#4x) with seaview for the time being (until MBS is up).
Those who buy recently, should be able to hold it well because of the low price. At least it's low enough for me. As for 800psf, congrats for buying the sail at 800psf. You wait for it, you time it well, it's your credit. As long as I don't sell, I won't lose money. Sometimes, it's just too hard to time the bottom. My CPF + my GF CPF should be enough to support this unit without any cash layout. Unless I/she lost our job, then it's a different story.
My advice to buyers for the sail (or any property) is that your finance must be sound. Have savings of at least 12 months of your pay in case anything happen. I make sure I have 2 years of my pay before committing to a unit at the sail. If not, I would not have gone for it !
Anyway, there is a unit #4x-17 asking 1650psf. Facing NTUC building and facing my unit as well. For interested parties, can take a look :)
Sometimes its not about the price, if buying for homestay at least you get to enjoy a better quality of life. 13XXpsf seems okish, 800 psf onie possible for prolong recession + piggy flu becomes sars (hope not) lol..
Well at least for me I'm getting for investment, so will probably hang out and see if there are any better deals if not just move on :)
Actually..i think around $1000 - $1200, I would be willing to get in for MBR that is.
I intend to buy for stay and after 5 years..can sell away.
most importantly, many of the units there don't have the 'waste time waste money' planter/balcony/baywindow crap, which in some developments like Aristo and Luma, can constitute almost 25% of chargeable PSF.
Even the aircon space can pirate some of the space, deck out with chengai wood, add some creepers on the grille, and i have a bay-facing smoking area. put a telescope there can beo from a distance somemore
most importantly, many of the units there don't have the 'waste time waste money' planter/balcony/baywindow crap, which in some developments like Aristo and Luma, can constitute almost 25% of chargeable PSF.
Even the aircon space can pirate some of the space, deck out with chengai wood, add some creepers on the grille, and i have a bay-facing smoking area. put a telescope there can beo from a distance somemore
This is VERI VERI important and though there is a lot of complaint about the quality of the project, this difference sets it apart for other projects.
The quality of the finishings and appliances sucks big time. But I ripped out everything during reno anyways so i won't really see it. But if one thinks he can move in immediately, just plonk some furnishings and live luxury - i've seen better HDB flats finishes
stalingrad
28-04-09, 17:42
most importantly, many of the units there don't have the 'waste time waste money' planter/balcony/baywindow crap, which in some developments like Aristo and Luma, can constitute almost 25% of chargeable PSF.
Even the aircon space can pirate some of the space, deck out with chengai wood, add some creepers on the grille, and i have a bay-facing smoking area. put a telescope there can beo from a distance somemore
You don't have all the crap because the building must look like a sail. but would a balcony add to the overall pleasure your unit provides? I am sure it would.
skyline has a lot of wasted space for balconies and baywindows. but the view from the balcony is spectacular.
Actually..i think around $1000 - $1200, I would be willing to get in for MBR that is.
I intend to buy for stay and after 5 years..can sell away.
MBR for 1000 psf? Not only would you be willing, but I think most here would buy 2 or 3 studio units for investment :D
Finance sector may be in a lull right now, but if you believe in Singapore's future as SE Asia's premier finance hotspot, then it is better than buying any blue chip stock.
You don't have all the crap because the building must look like a sail. but would a balcony add to the overall pleasure your unit provides? I am sure it would.
skyline has a lot of wasted space for balconies and baywindows. but the view from the balcony is spectacular.
yup, we're lucky in that sense. I'm not too worried about the view, as views from the full height windows are similarly spectacular. I like balconies too, that's why i'm converting my aircon area to be a wooddecked balcony, with the aircon units hidden behind a wooden lattice with creepers. Enough to put 2 chairs and an ashtray.
Bay windows are an issue for me though, whether this or other developments. While you can technically build over your bed/etc over this, it severely restricts walking space and the sense of spaciousness.
proud owner
28-04-09, 18:00
The quality of the finishings and appliances sucks big time. But I ripped out everything during reno anyways so i won't really see it. But if one thinks he can move in immediately, just plonk some furnishings and live luxury - i've seen better HDB flats finishes
i can see the Sail from my office
i remember they used to take only 1 week to complete one floor ... even at that height ..its not any slower ...
so the finishings cannot be so good lah ...
thomastansb
28-04-09, 18:36
I am also taking of converting my planter and aircon into a mini balcony. Just wondering, gfoo, do you have to relocate the compressor? If not, then won't it be too small? I am thinking of doing that. Can see seaview and relax there with a chair.
Also, the aircon side seems to have some metal grills blocking. What did you do to them?
thomastansb
28-04-09, 18:39
And also, the finishing don't sucks lah. It is just normal lor. Nothing spectacular, nothing near what 6 stars condo but enough for me liao. Heard the swimming pool lockers all damaged already. Too bad then.. MBR should be better right? But maintenance I heard for studio is around $500. WIthout carpark somemore. :doh:
p/s: The best finishing I have ever seen is at the seaview. That is really quality.
Daniel_Yee
28-04-09, 18:43
Last saturday offer a cheque for a unit at stack 10.. wa lao ! the owner asking 1650psf oredi ! i match the offer,issue the cheque and guess what?the owner say 1650 too low.ask me to offer 1700psf to consider...take my cheque for three days then tell me lan jiao wei.sail owners really knn one :simmering: :simmering: :simmering:
I am also taking of converting my planter and aircon into a mini balcony. Just wondering, gfoo, do you have to relocate the compressor? If not, then won't it be too small? I am thinking of doing that. Can see seaview and relax there with a chair.
Also, the aircon side seems to have some metal grills blocking. What did you do to them?
No need to relocate, seems big enough for me and wife (is yours a studio?). i'm not using armchairs btw, something like a barstool but much more comfy, and dun take up space. i got my guy to build a chengai wood platform, and a drop-down wooden table thingie for my kopi/roti. putting up those garden lattices on the aircon grilles, then weaving creepers through them so it looks better and to stave off any heat. but its so windy anyways, so no issues.
thomastansb
28-04-09, 18:55
Come on lah. Not all sail owners are like this one. At least mine went through successfully. Why don't you consider the 4x-17 unit? Asking 1650psf but you try 1600 first lor. Taking the area size into consideration, the price works out to be about the same right? That stack 10 high or low floor first? If low floor, then don't even bother a 1700 cheque. Might as well go for bay units by paying 300psf more. U go ask around see if got any 15xx units? Take your time. The unit will come at the right price one.
Last saturday offer a cheque for a unit at stack 10.. wa lao ! the owner asking 1650psf oredi ! i match the offer,issue the cheque and guess what?the owner say 1650 too low.ask me to offer 1700psf to consider...take my cheque for three days then tell me lan jiao wei.sail owners really knn one :simmering: :simmering: :simmering:
Last saturday offer a cheque for a unit at stack 10.. wa lao ! the owner asking 1650psf oredi ! i match the offer,issue the cheque and guess what?the owner say 1650 too low.ask me to offer 1700psf to consider...take my cheque for three days then tell me lan jiao wei.sail owners really knn one :simmering: :simmering: :simmering:
The seller thinks that you are a sucker wat! You matched his asking price without bargaining.
Daniel_Yee
28-04-09, 19:01
Come on lah. Not all sail owners are like this one. At least mine went through successfully. Why don't you consider the 4x-17 unit? Asking 1650psf but you try 1600 first lor. Taking the area size into consideration, the price works out to be about the same right? That stack 10 high or low floor first? If low floor, then don't even bother a 1700 cheque. Might as well go for bay units by paying 300psf more. U go ask around see if got any 15xx units? Take your time. The unit will come at the right price one.
i called the agents today oredi..agents tell me now dun haf units selling below 1600...but i see in the ura,all transacted at 13xx to 14xx PSF.those knn agents wan to increase their commission is it?talk cock sing song with me.
Daniel_Yee
28-04-09, 19:05
The seller thinks that you are a sucker wat! You matched his asking price without bargaining.
actually the agent tell me the price is firm,nett etc...so ok lor.like that unit so go for it.it is a low floor pool facing unit...on sat,went down to meet the agents..i only call two agents but both of them (different time of course) tell me apart from that stack 10,there are no studio unit selling below 1700psf...never mind..i go elsewhere to find my condo
i called the agents today oredi..agents tell me now dun haf units selling below 1600...but i see in the ura,all transacted at 13xx to 14xx PSF.those knn agents wan to increase their commission is it?talk cock sing song with me.
thanks because some muthabutoh china national bought a low floor at $1800, and another parapundae bought a mid floor studio at $1750 over last weekend. How true that is i dunno, but the agent who sold me my current and is looking out for me for a studio said so. i'm itching to see the caveats.
MBR for 1000 psf? Not only would you be willing, but I think most here would buy 2 or 3 studio units for investment :D
Finance sector may be in a lull right now, but if you believe in Singapore's future as SE Asia's premier finance hotspot, then it is better than buying any blue chip stock.
Ya.. I also think 1000psf is unlikely.. so I was aiming around 1000-1300psf.
But you know what.. u gave me an excellent idea..
I was looking for a 3 or 4 bedroom... but instead of buying one..
i might as well buy a 2bedroom and 1 studio.. then .i got more options to sell one and still have one to stay in.. :)
Btw, which are the stacks in the Sail that is having bayview but is not directly facing the 1 Raffles Quay building with the pte banks.
twr 1 - 4,5,6 (full Bay)
twr 2 - 18 (full bay and central park)
twr 2 - 19,20,21 (half bay and central park)
t1- 3 (1/4 ntuc view, 3/4 bay view)
t1 - 1,2 (ntuc view, half bay)
t2 - 22, (central park only)
t2 - 23,24 (half central park, skyline blocked by 2 towers of mbfc right outside the unit)
(inside units, anything 8flr and below, you see carpark - REALLY F-up)
t1 - 7,8 (left blocked by t2, 1/4 sliver port/sea view, center blocked by MBS, right blocked by ORQ)
t1 - 9,10, (half port/sea view, half blocked by MBS)
t1 - 11 (left port/sea view, center blocked by MBS, right blocked by ORQ)
t2 - 15,16,17 (the worst ever facing, ORQ, completely blocked off unless you are #60 and above. Left blocked by MBS, center blocked by ORQ, right blocked by T1)
Got mine at 13xx psf. Mid floor (#4x) with seaview for the time being (until MBS is up).
Those who buy recently, should be able to hold it well because of the low price. At least it's low enough for me. As for 800psf, congrats for buying the sail at 800psf. You wait for it, you time it well, it's your credit. As long as I don't sell, I won't lose money. Sometimes, it's just too hard to time the bottom. My CPF + my GF CPF should be enough to support this unit without any cash layout. Unless I/she lost our job, then it's a different story.
My advice to buyers for the sail (or any property) is that your finance must be sound. Have savings of at least 12 months of your pay in case anything happen. I make sure I have 2 years of my pay before committing to a unit at the sail. If not, I would not have gone for it !
Anyway, there is a unit #4x-17 asking 1650psf. Facing NTUC building and facing my unit as well. For interested parties, can take a look :)
Congrats to you and your GF. I am sure it is a nice unit. BTW, from my simple deduction, based on current 4500CPF cap and 14.5%/20% contribution ratio by employer/employee, it appears your loan would be rather low(assumption: Interest rate = 2.5% inc. margin spread, tenor = 30yrs, LTV =80%). To have CPF service debt without cash outlay, loan amount would be about 600K - 650K ?
you guys got a small unit ??
Are the layouts there good ?
Thanks Gfoo...
very comprehensive..
I will go take a look .
Actually although monthly contribution to OA for both is $2100 combined, u can still instruct cpf to use cpf balances wholly to settle mortgage repayments up to withdrawal limit. The difference between in & out is a few hundred bucks, which my cpf can afford to trickle bleed out indefinitely, hence at least for the next 25 years or so (my CPFWL breakeven) i fork out zero cash assuming i do not revalue/refinance. If at refinance say 10years down the road and valuation is higher, my CPFWL can b reset to that higher range, giving me more breathing space. With conservancy at $250 for 2 bedder and $190 for studio, the sail is to me quite affordable.
gfoo which studio stack u got ah?
thomastansb
29-04-09, 00:31
My CPF + my GF CPF is not $4500 lah. Where got earn so much. From our CPF statement, only $2070 max. can be used. But it's enough to pay for my monthly installment with extra back to CPF.
I bought a studio that's why my loan is low (yup, around 650k). I paid upfront 20% + 3% stamp + around 0.5% Misc etc.. Got the maybank deal which is first year 1.6% fixed so the installment is rather low now. Third year might have to fork out cash I think. But I will just adjust my CPF accordingly so that I won't have to pay any cash.
gfoo, you mentioned that studio maintenance is $190? how come so low one? I thought is $267? I have not completed my purchase yet so cannot confirm.
Congrats to you and your GF. I am sure it is a nice unit. BTW, from my simple deduction, based on current 4500CPF cap and 14.5%/20% contribution ratio by employer/employee, it appears your loan would be rather low(assumption: Interest rate = 2.5% inc. margin spread, tenor = 30yrs, LTV =80%). To have CPF service debt without cash outlay, loan amount would be about 600K - 650K ?
you guys got a small unit ??
Are the layouts there good ?
Got a 2 bedder, renovated into a 2+study+shittyasssmall balcony coz my wife dun allow me to smoke in the house. If i'd known that earlier, i would hv stayed put in the old place where i cd smoke wherever i liked
My CPF + my GF CPF is not $4500 lah. Where got earn so much. From our CPF statement, only $2070 max. can be used. But it's enough to pay for my monthly installment with extra back to CPF.
I bought a studio that's why my loan is low (yup, around 650k). I paid upfront 20% + 3% stamp + around 0.5% Misc etc.. Got the maybank deal which is first year 1.6% fixed so the installment is rather low now. Third year might have to fork out cash I think. But I will just adjust my CPF accordingly so that I won't have to pay any cash.
gfoo, you mentioned that studio maintenance is $190? how come so low one? I thought is $267? I have not completed my purchase yet so cannot confirm.
You tobalek liao. 267 is 2 bedder incl gst. I just paid till july dey
Got a 2 bedder, renovated into a 2+study+shittyasssmall balcony coz my wife dun allow me to smoke in the house. If i'd known that earlier, i would hv stayed put in the old place where i cd smoke wherever i liked
hAHAHa... All your riches belong to Her..
You are Pwned by her ....
______
pwned 8231 up (http://www.urbandictionary.com/define.php?term=pwned#), 1267 down (http://www.urbandictionary.com/define.php?term=pwned#) http://static0.urbandictionary.com/images/thumbsup.gif?1240881929 (http://www.urbandictionary.com/define.php?term=pwned#) http://static3.urbandictionary.com/images/thumbsdown.gif?1240881929 (http://www.urbandictionary.com/define.php?term=pwned#)
A corruption of the word "Owned." This originated in an online game called Warcraft, where a map designer misspelled "owned." When the computer beat a player, it was supposed to say, so-and-so "has been owned."
thomastansb
29-04-09, 01:38
Oh.. That means more savings. Hahaha. Can anyone let me know what is the maintenance fee for studio? For all stacks or different stacks, different price one?
My CPF + my GF CPF is not $4500 lah. Where got earn so much. From our CPF statement, only $2070 max. can be used.
Bro it is not a matter of earn so much or not. CPF board has a cap on CPF contributions of high earners. And looks like you and your GF are in that segment. $1035 every month put into each of your Ordinary Accounts by your employers (combined contb. of $2070) means you're both past the maximum cap liao. You're both making at least $15,000 a month each?
If i am not wrong, even if you earn $50,000 or $100,000 a month, your CPF monthly contribution will still be $1000++ every month. Any CPF experts out there can let me know if i'm correct on this?
As far as monthly loan repayment using CPF, there is no limit. As long as your Ordinary Accounts can supprt, no problem!
proud owner
29-04-09, 08:35
Bro it is not a matter of earn so much or not. CPF board has a cap on CPF contributions of high earners. And looks like you and your GF are in that segment. $1035 every month put into each of your Ordinary Accounts by your employers (combined contb. of $2070) means you're both past the maximum cap liao. You're both making at least $15,000 a month each?
If i am not wrong, even if you earn $50,000 or $100,000 a month, your CPF monthly contribution will still be $1000++ every month. Any CPF experts out there can let me know if i'm correct on this?
As far as monthly loan repayment using CPF, there is no limit. As long as your Ordinary Accounts can supprt, no problem!
correct
also to add...if this is your second property ... you have to keep 60k in the acc ...cannot touch ..same for your wife/gf
i was lucky ..bought a house and a condo in 2006 june ..just before they implemented this rule in July 2006
proud owner
29-04-09, 08:37
Got a 2 bedder, renovated into a 2+study+shittyasssmall balcony coz my wife dun allow me to smoke in the house. If i'd known that earlier, i would hv stayed put in the old place where i cd smoke wherever i liked
ahhaha
bro .. me smoker too .. but still .. i never smoke indoor .. used to the fragrance of ciggy ..but not the smell of it from the sofa fabric or pillow
thomastansb
30-04-09, 18:51
Anyone knows if there is any car decal available?
Anyone knows if there is any car decal available?
No there isnt and thank god for that. It's almost like putting on a neon sign 'scratch my car'
With your kind of offer, you can find some place better. i look at the crass of some of the new sail owners in this forum, you are better off finding some place else. You probably know who i am talking about...:doh: :doh: :doh:
actually the agent tell me the price is firm,nett etc...so ok lor.like that unit so go for it.it is a low floor pool facing unit...on sat,went down to meet the agents..i only call two agents but both of them (different time of course) tell me apart from that stack 10,there are no studio unit selling below 1700psf...never mind..i go elsewhere to find my condo
thomastansb
12-05-09, 15:08
The highest PSF for this year...
Project Name http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (javascript:setSortBy('PROJECT_NAME');) Street Name http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (javascript:setSortBy('STREET_NAME');) Type http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (javascript:setSortBy('PROPERTY_TYPE');) No. of Units http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (javascript:setSortBy('COVER');) Price
($) http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (javascript:setSortBy('PRICE');) Land/
Floor Area (Sqft) http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (javascript:setSortBy('FLOOR_LAND_AREA_SQF');) Unit Price ($psf) http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (javascript:setSortBy('PRICE_PSF');) Date of Option Exercised / Sales Agreement Signed http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (javascript:setSortBy('CONTRACT_DATE');) THE SAIL @ MARINA BAY (javascript:popUp('submitSISV.do?project_name=THE%20SAIL%20@%20MARINA%20BAY&street_name=MARINA%20BOULEVARD&property_type_code=04');) MARINA BOULEVARD Apartment 1 1,721,850 883 1,951 Apr-09
Property_Owner
12-05-09, 15:21
ahhaha
bro .. me smoker too .. but still .. i never smoke indoor .. used to the fragrance of ciggy ..but not the smell of it from the sofa fabric or pillow
Haha. Me smoke too. I keep one room for myself. At night drink martell smoke my cigar. Relax:)
proud owner
12-05-09, 15:25
Haha. Me smoke too. I keep one room for myself. At night drink martell smoke my cigar. Relax:)
cool
i cant do that ... shes too sensitive to ciggy smell ...
thomastansb
13-05-09, 01:36
Just want to confirm something.
My maintenance is $267 a month for my studio unit. Is there any $19x maintenance for studio in the sail?
Regulators
13-05-09, 02:58
wat psf did u pay 4 ur studio n on what floor?
Just want to confirm something.
My maintenance is $267 a month for my studio unit. Is there any $19x maintenance for studio in the sail?
thomastansb
13-05-09, 09:05
13xx
#4x-1x
some recent transactions of SAIL@MARINA
extracted from URA web-site
==============================
Price ($)
Land/Floor Area (Sqft)
Unit Price ($psf)
Date of Option Exercised / Sales Agreement Signed
$765,000 667sq ft $1,146 psf Apr-09
$767,050 667sq ft $1,149 psf Feb-09
$700,000 592sq ft $1,182 PSF Mar-09
$1,070,000 904sq ft $1,183 PSF Feb-09
$1,071,600 893sq ft $1,199 PSF Dec-08
some recent transactions of SAIL@MARINA
extracted from URA web-site
==============================
Price ($)
Land/Floor Area (Sqft)
Unit Price ($psf)
Date of Option Exercised / Sales Agreement Signed
$765,000 667sq ft $1,146 psf Apr-09
$767,050 667sq ft $1,149 psf Feb-09
$700,000 592sq ft $1,182 PSF Mar-09
$1,070,000 904sq ft $1,183 PSF Feb-09
$1,071,600 893sq ft $1,199 PSF Dec-08
i suspect the Mar/Apr transactions were enacted in Feb, and only just got caveated. I'm also trying to get another studio at the sail, and the lowest flr with cock facing so far is $1400,
cool
i cant do that ... shes too sensitive to ciggy smell ...
Neither can i. Nvm, have chengai decked and bought outdoor furni for my smoking deck liao. Moving in this week, can't wait.
The stock finishings and equipment is really substandard though, had to get my ID to redo almost everything.
thomastansb
13-05-09, 10:44
Yup. These transactions are the studios with cock facing (subjected to individual opinion). Those 4th/5th floor facing carpark. I was looking around the past few months and saw those ads but choose to get the high floor instead. But even with cock facing, I guess the location is still one of the best in Singapore.
It is really good buy for them because now, #07-0x is asking for 1400psf. And that is the only studio on the market now. Ask 1500psf also can because no more supply already. Unless you offer beyond 1700psf+++. No more high floor/mid floor liao. Heard from my agent, #3x-0x also sold over the weekend for 1620psf. I know because I am looking for another one to stay in.
some recent transactions of SAIL@MARINA
extracted from URA web-site
==============================
Price ($)
Land/Floor Area (Sqft)
Unit Price ($psf)
Date of Option Exercised / Sales Agreement Signed
$765,000 667sq ft $1,146 psf Apr-09
$767,050 667sq ft $1,149 psf Feb-09
$700,000 592sq ft $1,182 PSF Mar-09
$1,070,000 904sq ft $1,183 PSF Feb-09
$1,071,600 893sq ft $1,199 PSF Dec-08
thomastansb
13-05-09, 10:46
Seems like there is some competition here... I am also trying to get another studio. Capital appreciation :) Rental is just a bonus.
i suspect the Mar/Apr transactions were enacted in Feb, and only just got caveated. I'm also trying to get another studio at the sail, and the lowest flr with cock facing so far is $1400,
Seems like there is some competition here... I am also trying to get another studio. Capital appreciation :) Rental is just a bonus.
lol. grrrrrr....fight! fight! fight!
but seriously, i think we're already sitting on paper profits for our existing. I'm looking for a place to house my mom for her retirement, so that we can technically live under one roof, but still have our privacy.
actually bought Horizon Hills in Johor for her, but reconsidering and might wanna sell that.
The highest PSF for this year...
Project Name http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (http://javascript<b></b>:setSortBy('PROJECT_NAME');) Street Name http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (http://javascript<b></b>:setSortBy('STREET_NAME');) Type http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (http://javascript<b></b>:setSortBy('PROPERTY_TYPE');) No. of Units http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (http://javascript<b></b>:setSortBy('COVER');) Price
($) http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (http://javascript<b></b>:setSortBy('PRICE');) Land/
Floor Area (Sqft) http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (http://javascript<b></b>:setSortBy('FLOOR_LAND_AREA_SQF');) Unit Price ($psf) http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (http://javascript<b></b>:setSortBy('PRICE_PSF');) Date of Option Exercised / Sales Agreement Signed http://www.ura.gov.sg/WebResources/images/common/sortIcon.jpg (http://javascript<b></b>:setSortBy('CONTRACT_DATE');) THE SAIL @ MARINA BAY (http://javascript<b></b>:popUp('submitSISV.do?project_name=THE%20SAIL%20@%20MARINA%20BAY&street_name=MARINA%20BOULEVARD&property_type_code=04');) MARINA BOULEVARD Apartment 1 1,721,850 883 1,951 Apr-09
#62-04$1,634.0093620Feb9$1,529,424.00#48-03$1,729.00103311Mar9$1,786,057.00#39-03$1,899.0010333Nov8$1,961,667.00#58-03$1,899.00103322Nov8$1,961,667.00#30-05$1,951.0088321Apr9$1,722,733.00
Congrats! very good price indeed.
This time last year it would have been 17xx/18xx.
13xx
#4x-1x
Regulators
13-05-09, 14:54
a good deal in this current market situation. But I was just wondering what the competition would be like when it comes to rental for owners looking to rent...
13xx
#4x-1x
a good deal in this current market situation. But I was just wondering what the competition would be like when it comes to rental for owners looking to rent...
from what i understand from the mgmt office, the majority of units of the sail have since been rented out, or owner occupied.
wats the parking situation like? auto allocate each unit 1 lot or extra to pay for?
Regulators
14-05-09, 00:43
i am just wondering if majority of sail owners are 1st owners or have 90% of 1st owners thrown out their units last 2 years to buyers like u guys. Btw how many times has ur unit changed hands?
from what i understand from the mgmt office, the majority of units of the sail have since been rented out, or owner occupied.
i am just wondering if majority of sail owners are 1st owners or have 90% of 1st owners thrown out their units last 2 years to buyers like u guys. Btw how many times has ur unit changed hands?
i'm the 2nd owner
wats the parking situation like? auto allocate each unit 1 lot or extra to pay for?
not auto allocation, but owners have priority over first lot. a lot of parking space still
How much is the season parking per mth for a parking lot? Are we allow 2 lots if we have 2 cars eg. for a 3 bedder unit?
no, first lot is given priority, and to owners first, then to tenants. 2nd lots are almost double the price, and given only if there are available lots. lots are 'balloted' every quarter based on the above system.
first lots are $120
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_376509.html
May 14, 2009
Man with the $15m view
Spice Group chief to invest $100m in entertainment and real estate in S'pore
By Joyce Teo
http://www.straitstimes.com/STI/STIMEDIA/image/20090513/jtmodi.jpg
Dr Modi yesterday moved into an apartment at The Sail @ Marina Bay which he bought last August for $15.46 million. He plans to live in it with his family. -- ST PHOTO: NG SOR LUAN
http://www.straitstimes.com/STI/STIMEDIA/image/20090514/bk2.jpg
http://www.straitstimes.com/STI/STIMEDIA/image/20090514/bk3.jpg
http://www.straitstimes.com/STI/STIMEDIA/image/20090514/bk4.jpg
INDIAN billionaire Bhupendra Kumar Modi moved into his $15.46 million penthouse at Marina Bay on Wednesday and immediately set about unpacking some ambitious plans for his new home country.
The founder and chairman of conglomerate Spice Group - it has interests in telecommunications, technology, financial services and entertainment - has set up two funds worth more than $100 million to invest here.
The tycoon also wants to open a 24/7 'Hollywood meets Bollywood' entertainment centre at one of two floating crystal pavilions coming up at the Marina Bay Sands integrated resort.
Speaking to The Straits Times at his 63rd storey apartment at The Sail @ Marina Bay, Dr Modi said he plans to spend 'tens of millions' on the project and is in talks with Sands to either buy or lease a pavilion.
'We are getting designers from Hollywood and from Bollywood to design it,' he said, adding that the IR could use his design or do its own. But the idea is to entice Hollywood and Bollywood stars to entertain crowds here on a regular basis.
Dr Modi, 60, also owns a film production company and wants to attract directors. Indian star Anil Kapoor has been lined up to act in a movie to be shot here. The businessman, who relocated the global headquarters of Mumbai-based Spice Corp to Singapore last year, said he is here to stay.
Dr Modi said that his two new funds involve nuts and bolts investment strategy and their share of risk-taking. One fund is a special-situation real estate vehicle. This will target half-completed projects here or projects that are delayed due to a lack of funds.
'The world is going through a special situation...you need people to take special risks,' he said. 'We are looking for 25 per cent returns...high risks, high returns. We are not looking for immediate returns. We are willing to wait two, three years.'
His team is assessing about 20 possible projects. Dr Modi said they are keen on joint ventures, and Marina Bay Sands is certainly on his radar screen. He also said he is discussing a deal to buy a residential building in the eastern part of Singapore. The other fund will focus on investment in entertainment.
'Singapore is very much the right place for me,' said Dr Modi. It is cosmopolitan, secular, very secure, has a growing population, well-connected.'
Penthouse 'like a hotel suite'
HIS new home sprawls across 5,834 sq ft and has spectacular Marina Bay views that match the apartment's colour scheme of cream and baby blue.
Everything in the apartment - from the interior design, custom-made furniture, prints, paintings and even the coffee-table books in the living room - was planned by a design team from Beverly Hills, where he was based previously.
An integrated high-tech system ensures round-the-clock entertainment at a click.
Dr Modi is moving here with his family, but says his son Dilip, 33, who is the group president for global operations at Spice Corp, wants to stay on his own at a family owned apartment in The Claymore, a condominium in the Orchard Road area.
Dr Modi bought the The Sail apartment last August, but his investment took a huge hit with the slump in the property market here.
Unfazed, he said: 'It is a home. I am not here to sell it. I will be using it also to entertain people. That way, I can justify the cost.'
Dr Modi plans to hold meetings as well as parties at his penthouse. He even broached the idea of inviting girl band Pussycat Dolls to a party, although he does not know them personally.
While Dr Modi himself expects to spend about 100 days a year in Singapore, his penthouse - 'like a hotel suite' and a 24/7 entertainment zone - will be open 365 days of the year to friends, business associates and celebrities, he said.
Regulators
14-05-09, 14:51
wow, you guys are neighbours with a billionaire. Many millionaires living in condos, but few billionaires around. I think this could push Sail prices up.
no, first lot is given priority, and to owners first, then to tenants. 2nd lots are almost double the price, and given only if there are available lots. lots are 'balloted' every quarter based on the above system.
first lots are $120
proud owner
14-05-09, 15:12
wow, you guys are neighbours with a billionaire. Many millionaires living in condos, but few billionaires around. I think this could push Sail prices up.
aiya ... he foreigner mah
cannot buy landed ... bopian then buy condo ...
Regulators
14-05-09, 15:37
i think he is stuck with his buy coz he paid something like $2k plus psf for his unit. IMO although it boasts of spectacular view, i think most singaporeans would rather buy a landed bungalow with that money...A more than 15000 sqft good class bungalow in Astrid Hill costs around 10-15 million and if you happen to drive past 7 Astrid hill, you will see our very own Minister for Law's house perched on the hilltop overlooking lush greenery...
aiya ... he foreigner mah
cannot buy landed ... bopian then buy condo ...
proud owner
14-05-09, 15:41
i think he is stuck with his buy coz he paid something like $2k plus psf for his unit. IMO although it boasts of spectacular view, i think most singaporeans would rather buy a landed bungalow with that money...A more than 15000 sqft good class bungalow in Astrid Hill costs around 10-15 million and if you happen to drive past 7 Astrid hill, you will see our very own Minister for Law's house perched on the hilltop overlooking lush greenery...
wait till you see Lily Neo's ... she acquired 80 000 sqft land ...and built 3 more GCB .. sold one , 15000 sqft land .. and the remaining 65000 sqft stands 3 GCB ..one for herself + hubby, and 1 for each of her 2 daughters ... thats 35000 + 15000+15000 = 65 000
Regulators
14-05-09, 15:45
Taxpayers >>>:banghead:
wait till you see Lily Neo's ... she acquired 80 000 sqft land ...and built 3 more GCB .. sold one , 15000 sqft land .. and the remaining 65000 sqft stands 3 GCB ..one for herself + hubby, and 1 for each of her 2 daughters ... thats 35000 + 15000+15000 = 65 000
Regulators
14-05-09, 15:47
where is her house, sembawang?
wait till you see Lily Neo's ... she acquired 80 000 sqft land ...and built 3 more GCB .. sold one , 15000 sqft land .. and the remaining 65000 sqft stands 3 GCB ..one for herself + hubby, and 1 for each of her 2 daughters ... thats 35000 + 15000+15000 = 65 000
proud owner
14-05-09, 15:50
where is her house, sembawang?
Leedon .... walking distance to future MRT ...opps ... poor people like me always relate to near MRT as good ...
Regulators
14-05-09, 15:59
It is no surprise our MPs live in such places coz they are among the highest paid MPs in the world with more than 1 mil a year in ministerial salaries (tax free) and many more millions from their private businesses and many more millions from sitting as boards of directors....What can i say, Tong Ren Bu Tong Ming, can go to same uni as them but your income will always only be a fraction of theirs.....
Leedon .... walking distance to future MRT ...opps ... poor people like me always relate to near MRT as good ...
Uh.. i think Lily Neo is already rich before becoming MP..
80,000 sqft ... even at $500psf is around $40million..
*Gulp*... how rich is lily ..or is it her husband?
Uh.. i think Lily Neo is already rich before becoming MP..
80,000 sqft ... even at $500psf is around $40million..
*Gulp*... how rich is lily ..or is it her husband?
I heard that lily is rich from inheritance ie family business in indon palm oil.
Her daughter drives to med sch in a porche boxster...wat do u expect.
Property_Owner
14-05-09, 20:18
aiya ... he foreigner mah
cannot buy landed ... bopian then buy condo ...
Can, buy Sentosa loh. But he mentioned he don't like staying too near the Sea.
Property_Owner
14-05-09, 20:20
i'm the 2nd owner
I'm 1st owner.....used to be.:D
Property_Owner
14-05-09, 20:28
It is no surprise our MPs live in such places coz they are among the highest paid MPs in the world with more than 1 mil a year in ministerial salaries (tax free) and many more millions from their private businesses and many more millions from sitting as boards of directors....What can i say, Tong Ren Bu Tong Ming, can go to same uni as them but your income will always only be a fraction of theirs.....
They will tell us, expect more job cuts, deeper recession....and so on. What they know???? They are not in the front line. Recession take a bit pay cut only mah, but still have a FIX pay day every month!!!!!
I heard that lily is rich from inheritance ie family business in indon palm oil.
Her daughter drives to med sch in a porche boxster...wat do u expect.
Without proper family value, 富不过三代 .. Lehman Brothers a good example
You supposedly educated and informed people cannot tell the difference between Minister and MP....
Regulators
15-05-09, 14:11
i wish i cud be 1st owner for sale. I thot a lady i knw was seow for buying the sail during launch but guess she is having the final laugh nw.
I'm 1st owner.....used to be.:D
Property_Owner
15-05-09, 14:16
i wish i cud be 1st owner for sale. I thot a lady i knw was seow for buying the sail during launch but guess she is having the final laugh nw.
That's wat my wife called me when I told her I had bought 5 units. We were in NZ holiday then. She asked had the weather freezed my brain?:doh:
proud owner
15-05-09, 14:42
Can, buy Sentosa loh. But he mentioned he don't like staying too near the Sea.
dont like to be near the sea .. ??? but by a lagoon is ok ?
talk cxxk sing song
Regulators
16-05-09, 00:11
5 units means at about 2 mil in deposit payments. How did u manage that?
That's wat my wife called me when I told her I had bought 5 units. We were in NZ holiday then. She asked had the weather freezed my brain?:doh:
Regulators you mountain tortoise or what? 2 million cash only.... many people have... why, you see him no up ah?
Regulators
16-05-09, 01:55
May people have but you don't :)
Regulators you mountain tortoise or what? 2 million cash only.... many people have... why, you see him no up ah?
Regulators
16-05-09, 02:05
Orange, forgot to ask you earlier. How are you getting on with your gay movement in Bukit Timah? Maybe you can have a chat with Siew Kum Hong and concentrate on how you can advance your gay movement there.....LOL
Regulators you mountain tortoise or what? 2 million cash only.... many people have... why, you see him no up ah?
Property_Owner
16-05-09, 14:47
5 units means at about 2 mil in deposit payments. How did u manage that?
I mentioned before, I'm a property investor. My rice bowl 40% comes from property. 07 alone I make more then 20m. Most of my kakis same, we can hold about 30 to 50 units at a time. :)
Regulators
16-05-09, 16:19
oic, very impressive. I am definitely not in the same league as u. U got any gd recommendations for small investors out there?
I mentioned before, I'm a property investor. My rice bowl 40% comes from property. 07 alone I make more then 20m. Most of my kakis same, we can hold about 30 to 50 units at a time. :)
I mentioned before, I'm a property investor. My rice bowl 40% comes from property. 07 alone I make more then 20m. Most of my kakis same, we can hold about 30 to 50 units at a time. :)
Woo! Your Ricebowl is property? :) I'm a newbie.
Got any tips to impart on :-
1) What are the consideration that goes thru your head when you make a purchase?
2) Is it better to buy and hold for rental?
3) Or would it be better to buy at Launch and just flipped it.
4) How much must you put in for 30-50units? Is your banker structuring a different deal for you or the same 20% downpayment, 80% LTV?
5) How do you determine the fair price for a unit?
6) Is MBR studio a good buy at $2000psf? or Sail studio at $1500psf?
Appreciate your advice. Thanks! :)
Orange, forgot to ask you earlier. How are you getting on with your gay movement in Bukit Timah? Maybe you can have a chat with Siew Kum Hong and concentrate on how you can advance your gay movement there.....LOL
siew kum hong?? shld be LHL lah, remember he loves to wear pink and walk with a certain sway ~~ lol
:ashamed1:
Regulators
17-05-09, 00:42
Many of the men in white walk with sway
siew kum hong?? shld be LHL lah, remember he loves to wear pink and walk with a certain sway ~~ lol
:ashamed1:
Property_Owner
18-05-09, 12:04
Woo! Your Ricebowl is property? :) I'm a newbie.
Got any tips to impart on :-
1) What are the consideration that goes thru your head when you make a purchase?
2) Is it better to buy and hold for rental?
3) Or would it be better to buy at Launch and just flipped it.
4) How much must you put in for 30-50units? Is your banker structuring a different deal for you or the same 20% downpayment, 80% LTV?
5) How do you determine the fair price for a unit?
6) Is MBR studio a good buy at $2000psf? or Sail studio at $1500psf?
Appreciate your advice. Thanks! :)
Got any tips to impart on :-
1) What are the consideration that goes thru your head when you make a purchase?
Capital gain mainly. Or rental yield. All depends. Private properties are mainly for capital gain, sell when you have a 30% gain. Or 10% loss. For rental yield, private properties are the worst to me! Orchard condo how much can you get for rental? below $5 psf? I have some shops and shop houses that are rented out, yield is about 10% at least. I can rent out both level, downstair for shops and upstair for hair salon or tuition agency. Best rental yield property!
2) Is it better to buy and hold for rental?
Demand and supply is the answer. Also if you are the first owner your yield is much more attractive. Market not good rent out loh. Still about 4% yield at least. Also depends on holding power! If the property have upside protenial can you can hold then wait.
3) Or would it be better to buy at Launch and just flipped it.
I prefer to flip it if I can make good money. But now is not a good time to buy new launches. Why! Did you see much sub sale for new launches? Buying sub sale may not be bad, remember I mentioned I bought one amber, now agents calling me telling me got buyers willing to pay 950psf for my unit. Well, i can sell now but making 50 to 80psf is not attractive to me. Why buy and sell when mine profit is only 10%. Hold and wait.
4) How much must you put in for 30-50units? Is your banker structuring a different deal for you or the same 20% downpayment, 80% LTV?
Don't have some much units with me right now. Less then 40 units. For me only 30% of my properties are with loans. The rest fully paid. Out of the 30%, those TOP and rented out are with 50% loan. Non TOP I covered with 35% down. This way it's safe to me. Goes for all banks, in case anything happens.
5) How do you determine the fair price for a unit?
Depends, for units sell @ loss I would say 100 to 200psf below launch prices I will commit! Why! let's compare Sky@11, guess most of them bought at 1000psf, if I buy at 1000psf, I would have to sell at least 1200psf to make my sale attractive. But let's say there's are some other sellers willing to sell @ cost or loss, then my unit will not sell till those units are sold. Also never buy expressway, noisy road facing. Read my other post and you understand. This one proud_owner agrees with me. Pay a bit more if can afford a better stack, selling it off also easiler.
6) Is MBR studio a good buy at $2000psf? or Sail studio at $1500psf?
I would say MBR, sails too many units. Too many sellers, when I sold my sails i never look back to buying another. Also ...gfoo, don't get angry, finishing is bad. ask gfoo about it and also how long he waits for his lift every morning. MBR you have balcony, a must for expats when comes to rental. Plus some others factors too. Too many to list down.
All these are my :2cents: comments. I might be wrong. Correct me if you have others thoughts. Have a nice week :)
6) Is MBR studio a good buy at $2000psf? or Sail studio at $1500psf?
I would say MBR, sails too many units. Too many sellers, when I sold my sails i never look back to buying another. Also ...gfoo, don't get angry, finishing is bad. ask gfoo about it and also how long he waits for his lift every morning. MBR you have balcony, a must for expats when comes to rental. Plus some others factors too. Too many to list down.
no no, you are perfectly correct! The finishing of the Sail is terrible - focked up laminate kitchen finishing, uneven floor tiles, even the cornices suck. even the lift lobbies are not airconed (mgmt said is a 'heat-transfer system' - watever) I just gave up and renovated everything. Even my soho at Central is far far superior (and that's by FEO). Haven't really experienced the lift thing as i don't really go to work that early.
My considerations for buying this is perhaps diff from regular investors. I was on the look out for the best possible living at the lowest possible price for my family. I was tired of sleepy landed neighbourhoods i was brought up in, and i wasn't that dumb as to pump in $700-800psf for the likes of suburban condos. At the $10xx-$11xx psf range, the usual suspects in River Valley, Newton, Lincoln came up. All were just overhyped localities charging 2x historical because they were 'close to Orchard'.
It just so happened that a particular unit was offering 2004 launch price at the Sail when i was shopping. Although tis a construction site now, the thought of having all the amenities of the Gardens, and the new Downtown right at my doorstep was nice. This and the fact that the conservancy is only $2xx, was the clincher. I've moved in all of one week now, and i do not regret the living (even with the construction site). Lunchtime i will go down to the basement MRT RetailLink to tahpow chicken rice from Asian Kitchen in my rags amidst well dressed bankers and their accompanying minders. Weekends i will cycle to my usual smoking corner at Conrad for kopi with friends - i save tons on parking/valet.
For what i paid, i think it's good value
I did hear that the interior sucked but until like that? Some of the walls are not concrete but gypsum?
But it does make a lot of sense from your lifestyle and psf viewpoint.
Yup it's bad. I dunno about the spice king's beverly hills ID, but my ubi ind estate lor abcd ID went thru a lot of pain
THANKS PROPERTY_OWNER for your Views! :)
With your 40 units , it seems you are generating a lot of cash.. and you could really pay off at least 1 unit every 2-3 years.. so it does seems to be compounding.
May I asked how you got started to build up to 40 units?
Is it by this method? (assuming I have $2mil for property)
1) Buy a $1mil unit fully paid up and get around 3% Net Operating Income(NOI).
2) Buy Another 2 units of $1mil with 50% loan.
3) Use all rental cashflow to loans in #2 (in this case, there's a net positive cashflow of $60k annually after deducting loan installments).
4) If any apartments got buyer with at least 30% capital gain, then sell and pay off any loans.
5) If not, just accumualte the $60k for 8 years and you will be able to pay off 1 more property. and in which case, the net positive cashflow increase to $90k and the remaining property can be paid off in under 5yrs.
6) And repeat the process till you got 3 fully paid properties? and then buy another 1 property?
So, what is your views on Stocks? Do you think it's easier to make money from Stocks or Properties? .. I've dabbled in stocks recently..and got burnt.. and now am thinking of just building a property portfolio instead.. it's got recurrent income and potential captial gains.. and most important is it is under your control.
Many of the men in white walk with sway
or shld i say sashay ~~ woohoo yo ah yo ~~ so gay ~ :o
http://www.straitstimes.com/Money/Story/STIStory_384313.html
June 1, 2009 Monday
Raising the Sail
The Sail@Marina Bay, Singapore's tallest residential building, recently won the Building and Construction Authority's Design and Engineering Safety Excellence Award. the unprecedented challenges of this unique project were overcome through pioneering features in the design and construction. The Straits Times takes a look at how these were achieved.
thomastansb
27-06-09, 01:00
Just looking through the threads... Saw this post.. Just sold my unit. Phew! Hahaha.. I am glad I didn't wait and I am glad that I didn't have to hold for 2 to 3 years.. 18xx psf :)
It was a risk actually.. I bought another unit #50 and above for 15xx psf in Apr so it was the kind of 2 units without securing loan scenario. But managed to get 4 + 12 option with 1% + 10k option fee. Then sell off my unit to get a better floor, better view and more $$. Hahahahaha...
He got it at a higher price than what he would get it at if he had waited. that is for sure. hope he has holding power for at two to three years. Not that I wish he would lose money. but it seems he would.
Just looking through the threads... Saw this post.. Just sold my unit. Phew! Hahaha.. I am glad I didn't wait and I am glad that I didn't have to hold for 2 to 3 years.. 18xx psf :)
It was a risk actually.. I bought another unit #50 and above for 15xx psf in Apr so it was the kind of 2 units without securing loan scenario. But managed to get 4 + 12 option with 1% + 10k option fee. Then sell off my unit to get a better floor, better view and more $$. Hahahahaha...
congrats dude! so the big question - do you smoke? ;)
thomastansb
27-06-09, 05:59
I used to smoke.. Not for the past week.. Just stopped..
congrats dude! so the big question - do you smoke? ;)
Looking for 2 units (L10 and higher) and sea facing.
Interesting owners please PM me.... urgent local buyer.
Thank you.
thomastansb
28-06-09, 08:07
#50++ stack 7.
2200psf nett. PM me if interested. If not, then ignore this.
Looking for 2 units (L10 and higher) and sea facing.
Interesting owners please PM me.... urgent local buyer.
Thank you.
Regulators
29-06-09, 02:44
wah, u act damn fast sia. you sold ur 2x floor unit recently and now selling ur 5x unit u just bought.
#50++ stack 7.
2200psf nett. PM me if interested. If not, then ignore this.
thomastansb
29-06-09, 05:09
wah, u act damn fast sia. you sold ur 2x floor unit recently and now selling ur 5x unit u just bought.
Willing buyer, happy seller scenario mah.. Hahaha..
I am also looking around for a second unit at the Sail but looks unlikely. Now, everybody asking 2k psf at least. Those facing carpark also asking 1650psf. Pui. But unlikely that I will be tempted to sell. The location is just too good to miss... Life is short man. Enjoy while you can...
Property_Owner
03-07-09, 10:27
Opinion and Analysis - 30/06/09 The Sail is not for sale
The Luxury Expert finds out why business is still swift at one of Singapore’s new icons.
by The Luxury Expert
When the media is quoting various real estate analysts saying that real estate markets are up by 10% or so from the beginning of this year, buyers and agents, who are involved in The Sail resale market don´t even have time to stop and read such nonsense. They are too busy trying to get more units on the market as demand by far outstrips supply. As one agent told me, there are many buyers but never enough serious sellers. It also means that selling a unit there is just a matter of price and the deal can be done very fast – it´s almost like commodity dealing, and that makes the ownership in The Sail more exciting as there is lots of liquidity, compared to other real estate projects.
Just about three months ago some Marina Bay front view units were offered as low as 1,450-1,500psf. Some even sold at just above 1,000psf around the beginning of the year. Now some high floor choice units were sold at 2,550psf around early June, and the price is pushing higher by day. Don´t even try to calculate the percentage increase. it will leave you breathless.
While the mass media was reporting around late March – early April that real estate is in the doldrums, I was asked by my friend, a serious investor from Taiwan, to take him to look at what The Sail is about. After seeing just one unit with the full Marina View, he paused for a minute, then asked me why I didn´t push him much earlier to buy into such a postcard view. He and his fellow business partner from Cambodia, apparently one of the richest men there, both in the luxury and branded perfumes and cosmetics business, are avid real-estate investors, especially looking for choice units with spectacular views, be it a Hong Kong Harbour view or a Shanghai Pudong view.
In Singapore only the Marina Bay view can match such world class vistas and for now its only the Tower 1 in The Sail that got such units. My friend and his business partner, giving instructions over the phone, tried to buy some 6 units on the spot but most of their cheques were rejected at around just under 1,900psf.
In the lobby I met my acquaintance agent. She, like a few others, is specialising in nothing but The Sail. She told me that she is accompanying a small group of Indonesian buyers, who have a combined budget to buy 10-15 units and are hunting for mostly Marina Bay view units. She added that there is another group of Indonesian investors as well, searching for units with the total budget of $15mil, and looking for units only with full Bay view. That was only one weekend that I went there and saw it with my own eyes over just an hour or so on the site. There were barely a few choice units on the market and these were all snatched up in no time at around 1,850-1,950psf and now some of these are back on the market at 25-40% higher in a matter of two months.
The Sail, with its 1,111 units is the biggest condo in Singapore and probably in the region. The project comprises 2 towers with some 30 different units configurations. The 70 story Tower 1 is facing the Marina Bay. The front facing units are only stacks 1 to 6. The stack 1´s (most northern side) view is not bad, but partially obstructed by the NTUC building so the choice units will be above the 53rd floor. Stack 6 together with stack 1 are the bigger units. Both have got some back facing rooms and pillars. The best stack out of these 30 is a two-bedroom stack 4, right in the middle of the building, as it got a total net space without any pillars. Note that only some 10-15% of the total number of units in The Sail are actually facing the Marina Bay. The shorter Tower 2 is facing the ´pool view´, the upcoming MBFC and the One Raffles office building. Its not a bad investment at all and its stack 18 is the only one that has got a decent Marina Bay view, but the prime choice units will be in Tower 1, hence the stratospheric prices achieved.
The relatively few choice units with penthouses are owned by tycoons such as Dr. Modi, the Chairman of Spice Corp, Sam Goi the local popiah king and Thai Beverage tycoon billionaire Charoen Sirivadhanabhakdi.
The major selling point of The Sail is its, rare for Singapore, unobstructed views of Marina Bay and the surroundings. In most of the flatland Singapore there are basically no spectacular views. Therefore most of the people here are not aware of the major attraction and investment power that a spectacular view can deliver. Every taxi driver in HK knows that the higher you go on The Victoria Peak, the price is climbing higher and the units facing the harbor can command as much as 30-50% premium. But this concept is still relatively new for Singapore.
Mark my words, in 2-3 years the epicenter of life, fun and shopping will shift significantly to the Marina Bay and the surrounding area and the location will become a regional icon.
Alex Shlaen, founder of Panache Management Pte Ltd, represents ultra luxury branded products, furnishings and interiors by Tonino Lamborghini and Formitalia in Singapore and is a serial real
estate investor.
Would The Sail's bay view be blocked by upcoming buildings eventually?
Property_Owner
03-07-09, 12:09
Would The Sail's bay view be blocked by upcoming buildings eventually?
Don't think so. But I prefer MBR stack 1 and 10. But I go for stack 1
The full extent of the mbay area has not been priced in yet for mbr and the sail simply coz it's right now a huge ugly mess of a construction site - a mini war zone. when everything starts to get landscaped over and the shopping, recreational and entertainment amenities fall into place, let's revisit this article again.
i read with a lot of interest in other threads the view once the IR is up, property in other areas throughout singapore will boom and rentals will rise. Casino earnings will most stay within the coffers of Sands and the govt, leaving only the entertainment, infrastructure and MICE areas that really count. The additional jobs created are going mostly to service staff, and while it may initially go to singaporeans, i betcha like everything else its slowly gonna change towards PRs and PRCs sooner or later.
Tourists will mostly either stay within the IR hotels, whales will get comped, or at the very most buy super luxe apartments or waterfront villas. Even The Sail or MBR won't be within the radar of the whales, but rather the immediate junket brokers and money managers of these whales. These guys are not going to stay or rent in the ang suahs of singapore. The areas that will benefit the most will be D1, 2 and 15 (to an extent)
It's almost like saying the completion of the big 3 in Orchard like Ion is going to affect rentals in Woodleigh and Redhill. They similarly add service jobs, huge construction spillover, huge draw of tourist monies - like the IRs.
Too many buyers in outlying areas are being conned by the 'close to IR' in marketing brochures when really, it's too far out to benefit from the IR halo. Don't fall for developer tricks please
marina bay area's full potential will not be immediate but some yrs away.. in fact sentosa cove too. Buyers for this two areas must be able to hold at least 5 yrs to reap potential rewards ~ :o
For what i paid, i think it's good value
gfoo, u put ur unit on the mkt liao? how's the response? :o
Buay pai, can buy 2nd hand gallardo or a new cayman s liao, but wife dun wanna sell - she says wait for everything to be up first (at least mbfc, central park, shoppes and IR) then see how much market prices it. That'll be mid 2010. Meantime, trying to dispose my damn msia properties while the market is up - maybe should sell to singaporeans that are looking at angsuah and cemetaries, they're obviously retarded enuff
helping out a friend (who's also a forummer here) get a 2bedder, dun care abt flr or view. Last week advertised at $1380psf - was a fake ad, agent say now starting from $1730psf for cock units and avg $2k psf for the rest. $2.5k for bay view
Buay pai, can buy 2nd hand gallardo or a new cayman s liao, but wife dun wanna sell - she says wait for everything to be up first (at least mbfc, central park, shoppes and IR) then see how much market prices it. That'll be mid 2010. Meantime, trying to dispose my damn msia properties while the market is up - maybe should sell to singaporeans that are looking at angsuah and cemetaries, they're obviously retarded enuff
hehee i thinking same as ur wife, think no point unloading now ~~ :D
No leh, my mantra always has been sell when people buy and buy when there blood in e streets. I suspect my wife fell in love with the lifestyle here liao. Imagine once everything is up and LV Prada in her backyard and high tea places within walking distance - i think give her a silver ghost also she'll say wait for spaceport build finish then sell.
But thank god the market for this place rose quite a bit. Even if prices correct 30%, can still buy an LS or cayman no S. ;)
No leh, my mantra always has been sell when people buy and buy when there blood in e streets. I suspect my wife fell in love with the lifestyle here liao. Imagine once everything is up and LV Prada in her backyard and high tea places within walking distance - i think give her a silver ghost also she'll say wait for spaceport build finish then sell.
the current buying not full fledge yet leh... :o
this silver ghost?
http://www.rrab.com/rolls/sg-12.jpg
:scared-4:
Alan Shearer
07-07-09, 21:20
Anyone know what's the going rate for a tower 1, 2 brm, pool view, 2x-09?:beats-me-man:
thomastansb
09-07-09, 11:15
Anyone knows where to find food after 7pm at The Sail? I mean except Lau Pa Sat. Probably along the stretch of underpass to Raffles Place MRT? Anyone can advise?
Anyone knows where to find food after 7pm at The Sail? I mean except Lau Pa Sat. Probably along the stretch of underpass to Raffles Place MRT? Anyone can advise?
The retaillink - all closed. only LPS, One Fullerton, or the make-your-pasta at da paolos downstairs - they have excellent desserts!~ I think harrys and the new irish pub sells some finger food
you moved in liaoz?
Daniel_Yee
09-07-09, 12:25
Nope.. Just planning what to eat next time. I can only move in next year.. Tenanted unit..
Property_Owner
09-07-09, 12:46
Nope.. Just planning what to eat next time. I can only move in next year.. Tenanted unit..
When you bought?
proud owner
09-07-09, 20:57
Anyone knows where to find food after 7pm at The Sail? I mean except Lau Pa Sat. Probably along the stretch of underpass to Raffles Place MRT? Anyone can advise?
if you walk a little .. there are tonnes at china town , club street, tanjong pagar ... not too far really ..
if you walk a little .. there are tonnes at china town , club street, tanjong pagar ... not too far really ..
around golden shoe..
Regulators
14-07-09, 04:58
kannin nah last saturday one joker advertised to sell a 645sf #34 sail at 645k (1kpsf) which i thought was impossible. I think the idiot just want to test the market and solicit response and tell the potential buyer it is a typo error and ask for the sky. not sure if anyone called up this joker....
Daniel_Yee
14-07-09, 09:43
yup.. this knnbccb mother fuc*er has been posting since May. Bay view sometimes. Stupid mother fuc*er.
kannin nah last saturday one joker advertised to sell a 645sf #34 sail at 645k (1kpsf) which i thought was impossible. I think the idiot just want to test the market and solicit response and tell the potential buyer it is a typo error and ask for the sky. not sure if anyone called up this joker....
Regulators
14-07-09, 23:24
i think such people jia pah bo sai pang. luckily i did not call him i just sms'ed him. he didnt not reply me so i know it is a bogus. i was thinking if it is real (0.01% chance), I will go down the next day and give him the cheque for the unit, but it would be like gold falling from the sky...lol
yup.. this knnbccb mother fuc*er has been posting since May. Bay view sometimes. Stupid mother fuc*er.
i think such people jia pah bo sai pang. luckily i did not call him i just sms'ed him. he didnt not reply me so i know it is a bogus. i was thinking if it is real (0.01% chance), I will go down the next day and give him the cheque for the unit, but it would be like gold falling from the sky...lol
I wouldn't deal with this type of agent.. need to resort to tricks like these to entice people.. so you can be sure he got more tricks up his sleeves to fleece you.
a lot of agents still think buyers nowadays are stupid cannot see thru their tricks.. some will tell you got offer above $x price.. some say already got cheque ..blah blah blah..
I always tell them.. oh like that ah.. i think about it.. they also lan lan..ha..
i think it is direct seller ad.
I wouldn't deal with this type of agent.. need to resort to tricks like these to entice people.. so you can be sure he got more tricks up his sleeves to fleece you.
a lot of agents still think buyers nowadays are stupid cannot see thru their tricks.. some will tell you got offer above $x price.. some say already got cheque ..blah blah blah..
I always tell them.. oh like that ah.. i think about it.. they also lan lan..ha..
Daniel_Yee
16-07-09, 00:29
Wait till you all see this agent (SP specialist (http://forums.condosingapore.com/member.php?u=252)). He said that TID bought the land for 400+ psf but later change to 282psf after being pointed out. Go Optima to see for yourself. Knn. No integrity.
http://forums.condosingapore.com/showthread.php?p=61225&posted=1#post61225
Regulators
16-07-09, 01:13
:doh: these agents think they can say whatever shite they want n get away with misrepresentation.
Nope.. Just planning what to eat next time. I can only move in next year.. Tenanted unit..
Aiya, by then you can drop by the casino and they will give you free food.:)
Property_Owner
16-07-09, 09:38
If a unit really on fire sale I dun think need to place adv for some long and still no taker. If e price so good most likely e agt would had bought it and flip.
Regulators
16-07-09, 15:33
that is why i said 0.01% chance of getting the unit. I think some owners just want to throw out bogus ads to test market and waste people's time. I think agents that throw out ads are genuine in wanting to sell, but if they throw ads to farm, i will just blast them over the phone for wasting my time....
If a unit really on fire sale I dun think need to place adv for some long and still no taker. If e price so good most likely e agt would had bought it and flip.
Property_Owner
17-07-09, 10:03
that is why i said 0.01% chance of getting the unit. I think some owners just want to throw out bogus ads to test market and waste people's time. I think agents that throw out ads are genuine in wanting to sell, but if they throw ads to farm, i will just blast them over the phone for wasting my time....
Do you think she will let go this unit?
http://www.the-sail.com/
Regulators
18-07-09, 01:32
broken link
Do you think she will let go this unit?
http://www.the-sail.com/
Eh..why no one interested in Sentosa's condo??
They are not as expensive as Sail or Marina bay ... the sentosa's condo is still selling for around $1400-1800...
I am thinking of living there.. coz Seaview and silversea also around that price now..sobsob...
proud owner
18-07-09, 02:35
Eh..why no one interested in Sentosa's condo??
They are not as expensive as Sail or Marina bay ... the sentosa's condo is still selling for around $1400-1800...
I am thinking of living there.. coz Seaview and silversea also around that price now..sobsob...
bro transport problem lah .. also no amenities ...YET
if you can tahan ..buy and hold ... once the whole island construction is complete .. proper transport, amenities , convenient stores etc ..
sure boom
Eh..why no one interested in Sentosa's condo??
They are not as expensive as Sail or Marina bay ... the sentosa's condo is still selling for around $1400-1800...
I am thinking of living there.. coz Seaview and silversea also around that price now..sobsob...
gd choice man, i also like! too bad i no enough moolah, otherwise wack 1 pty there ~ :ashamed1:
gd choice man, i also like! too bad i no enough moolah, otherwise wack 1 pty there ~ :ashamed1:
you all very funny. 6 months ago everybody saying sentosa what blakan mati lah crap lah, god forsaken lah, 800 psf also dowan lah... now everyone saying good value at 1400 1800 psf.
did the upturn in the stock market change sentosa's inaccessible location and fundamentals overnight?
damn weird lah human beings.
you all very funny. 6 months ago everybody saying sentosa what blakan mati lah crap lah, god forsaken lah, 800 psf also dowan lah... now everyone saying good value at 1400 1800 psf.
did the upturn in the stock market change sentosa's inaccessible location and fundamentals overnight?
damn weird lah human beings.
not me lah, i always maintained sentosa cove is got long term potential one...
hantu lah etc is qfoo say one lah :scared-2:
not me lah, i always maintained sentosa cove is got long term potential one...
hantu lah etc is qfoo say one lah :scared-2:
wah long term potential.... ok boss
True waht the hantus.
SC hard to gauge potential - u shd rent a villa stay there a week. It's like those post holocaust movies like silent hill. Wonderful landscaping, sweet expensive landed and condos - but feels like a ghost town and very very alone.
And they can widen the bridge as much as they want - traffic will always be a problem esp at the vivo/bridge junction
Daniel_Yee
30-07-09, 15:04
Over S$27.5b invested in Marina Bay from private and public sector
http://sg.yimg.com/i/sg/providers/cnalogo4.gif?x=170&y=40&sig=YKnxGJBqX9CHM5cwKI9.ig-- (http://sg.rd.yahoo.com/partners/channelnewsasia/SIG=11316e3fh/*http%3A//www.channelnewsasia.com/) Channel NewsAsia - Thursday, July 30
SINGAPORE: More than S$27.5 billion has been invested so far in the new business and financial district in Marina Bay and the government is planning to pump in a further S$1 billion in infrastructure works there over the next 10 to 15 years.
Singapore’s National Development Minister Mah Bow Tan announced this at the topping out ceremony for the construction of the Marina Bay Financial Centre on Wednesday morning.
He also said there are some signs of speculation in the recent frenzy in the property market.
The government announced in April that Marina Bay had attracted total investments of over S$22 billion of which S$5.7 billion was from the government, and S$16.5 billion was from the private sector.
And just three months later, that figure, which includes government and private sector investments, has risen to over S$27.5 billion.
The Urban Redevelopment Authority said the increase of S$1.8 billion in government investment is largely due to higher construction costs for the Marina Coastal Expressway.
It said more funds are also being pumped in by various developers for their projects which has seen private investments grow by over S$3.5 billion.
The new financial district is expected to generate quality office space to rival those in Tokyo, New York and London.
And the manager of the Marina Bay Financial Centre said more companies have been expressing interest in leasing office space in the area despite the recession.
Wilson Kwong, general manager, Raffles Quay Asset Management, said: “At the moment, phases 1 and 2, for the office section, it is 61 per cent pre—committed.
“Anchor tenants at the Marina Bay Financial Centre include Standard Chartered Bank, which is taking up 500,000 square feet, and DBS, which is taking up 700, 000 square feet. All in all, the Marina Bay Financial Centre will offer nearly 3 million square feet of office space.”
Speaking to reporters at the topping out ceremony for the centre, Singapore’s National Development Minister Mah Bow Tan also commented on the recent property market frenzy.
He said it’s unclear what is driving the demand.
A new residents forum has been set up at www.sailresidents.com !
Do feel free to come in and contribute!
wah! whatever happened to your immigration plans? I thought you were so outrageous and damned set to sell away your sail with the ridiculous run up in prices esp with the 'cemetery land'. And now, ur singing the praises of sail, with its multitude of advantages. err.. how credible ru? or u also 'changing' strategy like temasek?
A new residents forum has been set up at www.sailresidents.com !
Do feel free to come in and contribute!
lol as credible as ho ching lol.
nzd and prices there spiked up quite high. so even if i exit now, aint no nothing to buy. for now, gonna stay till at least the whole area is built. maybe i'll change my mind again, maybe not.
runup too fast and furious that the sg-nz spread disappeared - i was too damn slow. opinion of cemetary land still holds though, but that's juz me.
Buy at simei near singapore 4th uni and changi business park. Double bay condo left few units. Low price and high return n rental. gr8 opportunity
Newbie here and enjoy reading the posts.
Yes there are people here who thinks The Sail sucks whether it is the location, the developer, the furnishings or the price. All true, according to one's poison, and maybe some sour grapes.
But honestly, I can't deny the fact that the area and the view are pretty fantastic. I personally do not like living in Shenton Way. But I do like the fact that it is near Esplanade, Suntec, Boat Quay, etc - very lifestyle (for me lah). The view...I liken it to staying in an apt overseeing the Sydney Harbour (esplanade...can fight lah) or Statue of Liberty (ok merlion is a joke compared to this but you get my point). Or course I know we are not these icons and the murky sea water here is not much to rave about, but where else in Singapore you get such a splendid view, with a mix of seaview and nice city view and the greenery following soon? IR is like like an icing on the cake, with or without it, Sail is still a pretty cool place to live in. Everytime I am on the expressway passing by IR looking across to The Sail, I would always imagine the view these owners have, with much envy of course.
If I can afford it, who cares whether i like living in Shenton Way or not. The view can make me (or my guests) steam liao. If i can't afford it, I can only be happy for those who bought it at a good price, kick myself for not having enough $, and look somewhere else that makes me happy. For those who paid a high price, if you are happy with your purchase, then nothing else matters, even if tomorrow UOB Towers kenna 9/11.
Any price you pay for The Sail, can't be as goon as those who paid $1200 for Centro. At least you can say I pay for priceless view, well developed area and prime district. Even no $ to pay instalment I jumped down from my apt commit suicide also can do it in style and land in the sea. If I jumped down from Centro, I get hit by the train if I hit the tracks or splat on some pavement with aunties screaming.
Congrats to those who bought The Sail. Like the saying goes, you either love it or hate it but you can't ignore it.
lol as credible as ho ching lol.
nzd and prices there spiked up quite high. so even if i exit now, aint no nothing to buy. for now, gonna stay till at least the whole area is built. maybe i'll change my mind again, maybe not.
runup too fast and furious that the sg-nz spread disappeared - i was too damn slow. opinion of cemetary land still holds though, but that's juz me.
Regulators
25-08-09, 13:58
You may want to consider working as a domestic helper for one of the sail owners or apply for a job with security. In that way you can enjoy the place without necessarily being an owner. :doh:
Newbie here and enjoy reading the posts.
Yes there are people here who thinks The Sail sucks whether it is the location, the developer, the furnishings or the price. All true, according to one's poison, and maybe some sour grapes.
But honestly, I can't deny the fact that the area and the view are pretty fantastic. I personally do not like living in Shenton Way. But I do like the fact that it is near Esplanade, Suntec, Boat Quay, etc - very lifestyle (for me lah). The view...I liken it to staying in an apt overseeing the Sydney Harbour (esplanade...can fight lah) or Statue of Liberty (ok merlion is a joke compared to this but you get my point). Or course I know we are not these icons and the murky sea water here is not much to rave about, but where else in Singapore you get such a splendid view, with a mix of seaview and nice city view and the greenery following soon? IR is like like an icing on the cake, with or without it, Sail is still a pretty cool place to live in. Everytime I am on the expressway passing by IR looking across to The Sail, I would always imagine the view these owners have, with much envy of course.
If I can afford it, who cares whether i like living in Shenton Way or not. The view can make me (or my guests) steam liao. If i can't afford it, I can only be happy for those who bought it at a good price, kick myself for not having enough $, and look somewhere else that makes me happy. For those who paid a high price, if you are happy with your purchase, then nothing else matters, even if tomorrow UOB Towers kenna 9/11.
Any price you pay for The Sail, can't be as goon as those who paid $1200 for Centro. At least you can say I pay for priceless view, well developed area and prime district. Even no $ to pay instalment I jumped down from my apt commit suicide also can do it in style and land in the sea. If I jumped down from Centro, I get hit by the train if I hit the tracks or splat on some pavement with aunties screaming.
Congrats to those who bought The Sail. Like the saying goes, you either love it or hate it but you can't ignore it.
If I can afford it I buy, cannot afford don't buy lor. Don't have to stoop so low like you leh.
You may want to consider working as a domestic helper for one of the sail owners or apply for a job with security. In that way you can enjoy the place without necessarily being an owner. :doh:
Regulators
25-08-09, 14:42
i dont hate the sail, i just think 2000 to 3000psf is overly-priced for the project. let me tell you, i wouldnt buy it even if it dropped to 1500psf coz not everybody likes the project. I like condos with greenery and exclusivity, not the sea, bay and lots of shopping around... :D
If I can afford it I buy, cannot afford don't buy lor. Don't have to stoop so low like you leh. You really seemed very sore about people who are staying in The Sail. Just wondering why you are following this thread so regularly if you hate The Sail so much. Got many other threads here you know.
Than i think the best is to buy double bay residence at simei. Near singapore 4th uni, changi business park, changi airport and tourist hotel, expo.
Still left few units with prices quite low. High rental yield with many new facilities.
i dont hate the sail, i just think 2000 to 3000psf is overly-priced for the project. let me tell you, i wouldnt buy it even if it dropped to 1500psf coz not everybody likes the project. I like condos with greenery and exclusivity, not the sea, bay and lots of shopping around... :D
Daniel_Yee
25-08-09, 16:12
Mount everest?
i dont hate the sail, i just think 2000 to 3000psf is overly-priced for the project. let me tell you, i wouldnt buy it even if it dropped to 1500psf coz not everybody likes the project. I like condos with greenery and exclusivity, not the sea, bay and lots of shopping around... :D
Than i think the best is to buy double bay residence at simei. Near singapore 4th uni, changi business park, changi airport and tourist hotel, expo.
Still left few units with prices quite low. High rental yield with many new facilities.
Look at agent posts like this one http://www.propertyguru.com.sg/listing/506196/for-sale-double-bay-residences
How misleading. Check out his youtube. He calls DB as being in East Coast. Then he shows a bunch of flats and calls it City View. Then he zooms into the horizon for a sliver of sea and boats and calls it Sea View
LOL. agents agents, tsk tsk
Look at agent posts like this one http://www.propertyguru.com.sg/listing/506196/for-sale-double-bay-residences
How misleading. Check out his youtube. He calls DB as being in East Coast. Then he shows a bunch of flats and calls it City View. Then he zooms into the horizon for a sliver of sea and boats and calls it Sea View
LOL. agents agents, tsk tsk
Tanumy = Agent Joel??? :rolleyes:
Daniel_Yee
25-08-09, 16:19
Oh.. You mean that lame Condo with MRT track noise? Surrounded by HDB also? And you sure high rental yield? Simei all less than $3 psf. It's just normal 3-4% yield lor. Nothing close to 7% so how can you say it's high? And worse still, there won't be capital appreciation because it is a 99 years suburban surrounded by HDB and tons to track noise.
Than i think the best is to buy double bay residence at simei. Near singapore 4th uni, changi business park, changi airport and tourist hotel, expo.
Still left few units with prices quite low. High rental yield with many new facilities.
No need to say so much. A picture speaks a thousand words:
http://forums.condosingapore.com/attachment.php?attachmentid=972&stc=1&d=1251188665
Daniel_Yee
25-08-09, 17:19
Anyway, if I ever stay around that area (a big IF), I will buy at Tanah Merah or Kembangan instead. I mean that location is already cheap might as well spend a bit more and stay in somewhere which is private exclusive and no track noise. Tampines and Pasir Ris is HDB haven.
I liked both lah honestly. One smell sea, see city lights and go shopping, the other smell fresh air, see greenery and go for nice walk. I was just curious why so many people are slamming The Sail.
Yes it may be overpriced, but when I look at Centro, I don't know which is worse.
i dont hate the sail, i just think 2000 to 3000psf is overly-priced for the project. let me tell you, i wouldnt buy it even if it dropped to 1500psf coz not everybody likes the project. I like condos with greenery and exclusivity, not the sea, bay and lots of shopping around... :D
Daniel_Yee
25-08-09, 19:09
Sail is overpriced.. but not for long..
Centro is always overpriced, even in 2020. Property won't go up until 1200psf for that lousy location one.
I liked both lah honestly. One smell sea, see city lights and go shopping, the other smell fresh air, see greenery and go for nice walk. I was just curious why so many people are slamming The Sail.
Yes it may be overpriced, but when I look at Centro, I don't know which is worse.
proud owner
25-08-09, 21:17
Sail is overpriced.. but not for long..
Centro is always overpriced, even in 2020. Property won't go up until 1200psf for that lousy location one.
aiyo dont speak too soon
scarly govt stop land sale ... then all chiong ...
in 2007 i had a conversation with a friend ..old man .. property investor...he told me soon 1000 psf will be base line for private condos ...
scarey or not ? its almost true now
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