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View Full Version : The Belvedere (D15, Freehold, Keppel Land)



Makelele
29-03-07, 21:43
How could you guys not have this thread? ;) Belvedere is one of the better developments on Meyer Road.

Ok thread started!

belvedere
29-03-07, 22:12
Belvedere now can ask for $1,200 psf to $1,300 psf :)

Unregistered
30-03-07, 17:03
There is a Belvedere ad in the ST classfied section today. Rare to see Belvedere ads.

Meyer
31-03-07, 22:11
There is a Belvedere ad in the ST classfied section today. Rare to see Belvedere ads.


Cos' there are only 168 units?

Bypasser
03-04-07, 14:04
Those 80 people queuing outside Seafront @ Meyer are welcome to pick up a unit at The Belvedere. The Belvedere offers the same facing if not better facing. Moreover, they can get rental returns 3 years earlier.

don't be hyped
03-04-07, 17:08
Those 80 people queuing outside Seafront @ Meyer are welcome to pick up a unit at The Belvedere. The Belvedere offers the same facing if not better facing. Moreover, they can get rental returns 3 years earlier.

Ah but the finishing is not as good as Seafront, no branded equipment. When the Belvedere first launched in 2005, it wasn't positioned to be a luxury condo, wasn't even supposed to be high end. Those days even when priced at $700 plus psf to $800 plus psf, Keppel were still finding it tough to finish selling all units.

The Belvedere showflat was very ordinary by today's standards, with ordinary furnishings. The facilities and landscaping I suppose would pale in comparison with those at Seafront. The design is also nothing to shout at. Just very...ordinary.

There is no way a similar unit at the Belvedere can be valued at the same price as an unit at Seafront. I would say 2/3 of the price of Seafront.

Showroom Hopper
03-04-07, 18:14
Ah but the finishing is not as good as Seafront, no branded equipment. When the Belvedere first launched in 2005, it wasn't positioned to be a luxury condo, wasn't even supposed to be high end. Those days even when priced at $700 plus psf to $800 plus psf, Keppel were still finding it tough to finish selling all units.

The Belvedere showflat was very ordinary by today's standards, with ordinary furnishings. The facilities and landscaping I suppose would pale in comparison with those at Seafront. The design is also nothing to shout at. Just very...ordinary.

There is no way a similar unit at the Belvedere can be valued at the same price as an unit at Seafront. I would say 2/3 of the price of Seafront.


I was there at the showroom. It was positioned as a luxury condo and the furnishings were good. Whether a 2007 development is better than a 2005 development, it is possible. However, that does not mean that a 2005 development is lousy.

Unregistered
03-04-07, 18:18
I was there at the showroom. It was positioned as a luxury condo and the furnishings were good. Whether a 2007 development is better than a 2005 development, it is possible. However, that does not mean that a 2005 development is lousy.

It is not lousy, but if you were aiming to match the price set by Seafront, then I would say it is not possible. Probably 2/3 of the price.

Showroom Hopper
03-04-07, 18:23
It is not lousy, but if you were aiming to match the price set by Seafront, then I would say it is not possible. Probably 2/3 of the price.


Sub-Sale price for sure will not match Primary Sale price.
The cash outlay for Primary Sale is lower than Sub-Sale.

I would say that the views are the same for both, excluding Seafront units facing Meyer Road.

One can give faster rental return while the other has much-much lower cash layout.

Buyer needs to decide.

Unregistered
03-04-07, 18:28
Sub-Sale price for sure will not match Primary Sale price.
The cash outlay for Primary Sale is lower than Sub-Sale.

I would say that the views are the same for both, excluding Seafront units facing Meyer Road.

One can give faster rental return while the other has much-much lower cash layout.

Buyer needs to decide.

True, I agree. Unless the project has an agreement with developer to hand over deferred payment scheme to the new buyer of the sub sale.

I would say that the best time to sell The Belvedere will be right after TOP. That is when rental income can be realised immediately for the loan repayments.

Snapper
04-04-07, 18:39
After I have finished my business with The Seafront @ Meyer, I will deal with you The Belvedere.

Whack! Whack! Whack!
Snap up the cheap subsales of The Belvedere.

Observer
05-04-07, 14:38
Wow! Getting hot man!
Asking prices have been raised to $1,250 to $1,550 psf.
Let's see what the Seafront @ Meyer can do to the price tomorrow.

The Other Belvedere Owner
08-04-07, 11:08
Wow! Getting hot man!
Asking prices have been raised to $1,250 to $1,550 psf.
Let's see what the Seafront @ Meyer can do to the price tomorrow.

Yes. Thanks to The Seafront On Meyer, one very high floor 05 unit was sold at more than $1,300 psf. This is good! very good! Keep it up!

Onlooker
08-04-07, 18:00
Yes. Thanks to The Seafront On Meyer, one very high floor 05 unit was sold at more than $1,300 psf. This is good! very good! Keep it up!

Why don't the owner wait a little bit longer?
High-floor stack 9/10 of The Seafront On Meyer cost almost $1,800 psf. The Belvedere stack 05, with better unblocked view, should be able to fetch closer to $1,700 psf.

Meyer
09-04-07, 20:30
Cos' they are calling up The Belvedere agents/owners.

The Belvedere has better and unblocked views.
But the pricing is cheaper by $100-300 psf.
Somemore, can get rental returns soon in Dec07/Jan08.


Not much news about The Belvedere.
Maybe it is the Meyer Road hidden secret.

Marina East
10-04-07, 14:15
Cos' there are only 168 units?


167 units - not 168 units.

Interest on The Belvedere has been rising since the launch of The Seafront On Meyer. The Belvedere offers better-unblocked view and costs lesser. With the TOP in Dec07/Jan08, you can receive your rental income sooner. You can say it is a better investment.

I am sure those attending the City Scape Asia 2007 conference may find the development a worthy investment.

www.cityscapeasia.com
http://www.cityscapeasia.com/Images/conferences/logo-cityscapeasia.png

Market Watcher
24-04-07, 10:10
Citibank: Property Prices Will Rise By 30%
Daryl Loo
Channel NewsAsia
23 April 2007 2042 hrs

Home prices in Singapore are expected to rise much more than those in Hong Kong, over the next two years, according to Citigroup.

Speaking at an Asia Pacific property conference in Singapore on Monday, Citigroup analysts say they see Singapore residential prices jumping by as much as 30% by 2008 compared to just 10% for Hong Kong.

Price tags for private homes in Singapore will be on the rise for at least the next two years, according to Citigroup.

It sees Singapore as being in the early stages of a cyclical upswing.

This is in contrast to Hong Kong, where the cycle is on the downtrend - and expected to end by 2009.

They say that Singapore prices are being driven by high occupancy rates, which have hit a record peak of 95.7%, and set to even climb higher over the next two years.

Wendy Koh, Director, Asia Pacific Equity Research, Citigroup, said: "If you look at the residential sector, occupancy rate right now is about 93.9% as at the end of 2006. If we take into account the completion this year which is only about 5,000 units, and last year's demand was about 9,000, and on annual basis the last 10-year average was about 8,000, occupancy rates should continue to rise.

"And if you take into account the 3,500 units that were sold en bloc last year, occupancy rate is actually closer to 95.5% last year. That is a record high as we have not seen that sort of levels before."

Citigroup expects occupancy to rise further to 96.8% this year, and 97.1% in 2008, as the level of demand far outstrips supply.

Over in the office sector, it is predicting rentals to rise 56% to $18.50 psf by the end of 2008, up from $11.80 currently.

And despite the recent run-up in property counters, Citigroup sees further upside in some choice picks.

Ms Koh said: "We like City Developments, Wing Tai, Allgreen. We also like Keppel Land for office play. For the first three stocks, it's more the residential exposure. If you look at City Dev and Wing Tai, they have been replenishing their land bank, and riding the upswing in the residential market."

Private home prices in Singapore rose 10.2% last year, and an estimated 4.6% in the first quarter of this year.



Residential Market In Initial Stage Of Upswing: Citigroup
Joyce Teo
24 April 2007

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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



Citigroup Sees 30-40% Home Rents Hike In 2007
Occupancy hitting record highs; home prices also seen rising 12-15%
Uma Shankari

Delivering a bullish outlook on Singapore's property market, Citigroup's research team yesterday said residential rents could rise 30-40% this year as occupancy hits record highs.

'Taking into account the recent en bloc sales, we believe real occupancy is already at a record high of 95.7% (as opposed to the official figure of 93.9%),' said Citigroup analyst Wendy Koh, who covers the Singapore property market.

And on the back of good demand, residential property prices could go up by another 12-15% this year, outstripping last year's 10.2% increase.

The increase is due to a supply shortfall. Just 5,000 units will be completed this year, and Ms Koh predicts that demand will be substantially higher. Last year, demand for new homes hit 9,000. And over the past 10 years, demand for homes has averaged about 8,000 units a year.

The shortage is expected to continue into 2008, when just 7,000 new homes will become available.

Ms Koh said the luxury market will see a 10-15% price upside in 2007, while prices in the mid-tier segment will grow by 10-20%.

Citigroup is also bullish on the HDB resale market - which has long been stagnant - seeing a 5-10% upside for resale prices of HDB flats. 'The HDB resale market will likely pick up in both volume and prices, which would in turn help support the mass market segment,' said the bank in its latest research note. Ms Koh predicted that mass market prices will climb by about 10% this year.

Office rents will also similarly rise, she said. Rents could hit $14.50 psf by end-2007 and $18.50 psf by 2008.

The bank recommended that investors buy shares of City Developments, Wing Tai, Allgreen Properties and Keppel Land.


30%!
No joke man!

Registered
24-04-07, 10:20
30%!
No joke man!


Wah!
Citigroup says this kind of thing in a Asia Pacific conference.
Like that all the foreigners will come here and buy our properties man!

DRSG
24-04-07, 13:00
Wah!
Citigroup says this kind of thing in a Asia Pacific conference.
Like that all the foreigners will come here and buy our properties man!


They sure have something big coming their way that we may know later.

Unregistered
24-04-07, 13:16
They sure have something big coming their way that we may know later.

As far as i know Citigroup do not have residential property portfolio. But maybe they have huge stake in certain developers.

Curious
24-04-07, 13:32
Anybody knows economists, analysts, etc. in Citibank? We need to get more first-hand information from them before they make another announcement. Citibank must have know something we don't. Otherwise, they dare not make such prediction.

Adviser
25-04-07, 14:03
Joyce Teo
The Straits Time
25 April 2007

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

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

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

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

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

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

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

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


Better grab some cheap units, that are below $1,700 psf, in The Belvedere fast before Seafront On Meyer sell out and Hong Leong launch.

Unregistered
25-04-07, 20:09
Better grab some cheap units, that are below $1,700 psf, in The Belvedere fast before Seafront On Meyer sell out and Hong Leong launch.

Sorry hor those are non sea facing. Those with sea view not $1700 psf hor.

Adviser
25-04-07, 22:26
Sorry hor those are non sea facing. Those with sea view not $1700 psf hor.


Grab those IR+SingaporeFlyer view at under $1,700 psf lor.

The Sunday Times
06-05-07, 10:24
Since The Belvedere is sold out some time back.
Here are some tips for owners on the type of foreigners who are your potential buyers.

Indonesians
- Katong
- River Valley
- Orchard Road
- Nassim Hill and Nissim Road
- Bukit Timah

Australians
- East Coast, near the Meyer Road area
- Holland Road
- Pasir Panjang
- Ang Mo Kio

Indians
- East Coast, especially around Meyer Road area and Tanjong Rhu area
- Nassim Hill and Nassim Road
- Binjai Park
- Serangoon Road

FO
06-05-07, 12:27
Since The Belvedere is sold out some time back.
Here are some tips for owners on the type of foreigners who are your potential buyers.

Indonesians
- Katong
- River Valley
- Orchard Road
- Nassim Hill and Nissim Road
- Bukit Timah

Australians
- East Coast, near the Meyer Road area
- Holland Road
- Pasir Panjang
- Ang Mo Kio

Indians
- East Coast, especially around Meyer Road area and Tanjong Rhu area
- Nassim Hill and Nassim Road
- Binjai Park
- Serangoon Road
This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.

DRSG
06-05-07, 12:29
We have a loser on the loose.

Helping Hand
06-05-07, 12:46
This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.


Hi loser,

Can let us know where you are staying?
I am surprise that your asset was not enhanced.
Perhaps we can start buying your place so that you asset can be enhanced.
It broke our hearts to see you acting like a pathetic maniac.

Good luck!

The Other Belvedere Owner
06-05-07, 19:35
Since The Belvedere is sold out some time back.
Here are some tips for owners on the type of foreigners who are your potential buyers.

Indonesians
- Katong
- River Valley
- Orchard Road
- Nassim Hill and Nissim Road
- Bukit Timah

Australians
- East Coast, near the Meyer Road area
- Holland Road
- Pasir Panjang
- Ang Mo Kio

Indians
- East Coast, especially around Meyer Road area and Tanjong Rhu area
- Nassim Hill and Nassim Road
- Binjai Park
- Serangoon Road


Cool!
So how could we reach out to these foreigners?

SAD TRUTH
08-05-07, 00:05
Singaporeans are brained wash by the media, this year can go up by 20%, next year by 30%. All these are ambiguous statements thru our Media by our polictitions and institutions that gain from it. They are just interested in making the broad public go into a buying frenzy and pick up all the overpriced launches. Because when the broad market picks up, guess you gain the most? We are just individuals. They are Gov, developers, institutions, banks and property transaction companies.

Gov gains by releasing land at extremly high prices that were either aquired cheap or even free.
Developers gains by selling new launches at ridiculous prices, plus raise the prices of TOPed projects that still have unsold units.
Instituions gains by buying up prime properties here and justify the purchaces by issuing shares(IPO) or diluting the share value by issuing more. Buy up more and more to push prices up as to wait for the right time for release. The best part is the money they use for these purchases are not even their money, haha, it is the public money again. Property Reits involved.
Banks needless to say. Property market boom = Super business for banks.
Raise interest rate, push out more bank loans....
Property companies will get their cut/commision on every sale. The more the transactions, the more the profit.
These are the people that say the market is booming. sounds like they have alot in stake to be un-bias when reporting news don't you think so?


SAD TRUTH

Keppel Land
08-05-07, 09:31
Singaporeans are brained wash by the media, this year can go up by 20%, next year by 30%. All these are ambiguous statements thru our Media by our polictitions and institutions that gain from it. They are just interested in making the broad public go into a buying frenzy and pick up all the overpriced launches. Because when the broad market picks up, guess you gain the most? We are just individuals. They are Gov, developers, institutions, banks and property transaction companies.

Gov gains by releasing land at extremly high prices that were either aquired cheap or even free.
Developers gains by selling new launches at ridiculous prices, plus raise the prices of TOPed projects that still have unsold units.
Instituions gains by buying up prime properties here and justify the purchaces by issuing shares(IPO) or diluting the share value by issuing more. Buy up more and more to push prices up as to wait for the right time for release. The best part is the money they use for these purchases are not even their money, haha, it is the public money again. Property Reits involved.
Banks needless to say. Property market boom = Super business for banks.
Raise interest rate, push out more bank loans....
Property companies will get their cut/commision on every sale. The more the transactions, the more the profit.
These are the people that say the market is booming. sounds like they have alot in stake to be un-bias when reporting news don't you think so?


SAD TRUTH


Friend! Our sympathy is with you.
I hope you understand, we can't do much.
The Belvedere is already sold out. What do you want us to do?
Create another unit (the 169th unit) in the development for you?
We are sorry! There is no way we can do it.

Why don't you look at other developments?

Please remember to buy early the next time.
Good luck!

Seng
08-05-07, 09:34
Friend! Our sympathy is with you.
I hope you understand, we can't do much.
The Belvedere is already sold out. What do you want us to do?
Create another unit (the 169th unit) in the development for you?
We are sorry! There is no way we can do it.

Why don't you look at other developments?

Please remember to buy early the next time.
Good luck!


Wah! Like dat can meh?
Next time I missed a project I also cry father cry mother.
Lose lose lor. Can also try again wah!

Observer.
08-05-07, 15:35
Hong Leong has quietly soft-launched a new condo on former Eastern Mansion site and todate the development is 75% sold.

Prices range from $1,400 to $2,200 psf.


Based on the pricing and take-up of The Seafront On Meyer and this new condo on former Eastern Mansion, it is advisable to hedge against the pricing movement in Meyer Road with The Belvedere.

Moreover, one side of The Belvedere is surrounded by Katong Park instead of a condo.

Unregistered
08-05-07, 15:53
Based on the pricing and take-up of The Seafront On Meyer and this new condo on former Eastern Mansion, it is advisable to hedge against the pricing movement in Meyer Road with The Belvedere.

Moreover, one side of The Belvedere is surrounded by Katong Park instead of a condo.

Oh no! To think that I was patiently waiting for it to launch. Guess I am not in the inner circle of VIP. :( What is the Hong Leong condo called?

Observer.
10-05-07, 09:41
Everyday says this high that high!

$1,400 to $2,200 psf (for Seafront and former Eastern Mansion) high meh?
No wat!

So much lower than Scotts Tower $6,000 psf!
Wake up lah!

Insider
11-05-07, 14:12
Oh no! To think that I was patiently waiting for it to launch. Guess I am not in the inner circle of VIP. :( What is the Hong Leong condo called?

Don't worry!
Still got some units left for launch lah.

Registered
18-05-07, 19:52
Why Mr Liew buy Seafront On The Meyer?
Come and buy The Belvedere lah.

Thankful
21-05-07, 14:19
Singaporeans are brained wash by the media, this year can go up by 20%, next year by 30%. All these are ambiguous statements thru our Media by our polictitions and institutions that gain from it. They are just interested in making the broad public go into a buying frenzy and pick up all the overpriced launches. Because when the broad market picks up, guess you gain the most? We are just individuals. They are Gov, developers, institutions, banks and property transaction companies.

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



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

- 21 May 2007


What's the matter with you?
We are just slowly recovering from a 10-year depression. The property prices have just recovered slightly.
Why are you complaining now?
You want it to go down again? Are you sick?
You should cheer up and enjoy your asset enhancement.

Meyer
12-06-07, 18:34
What's the matter with you?
We are just slowly recovering from a 10-year depression. The property prices have just recovered slightly.
Why are you complaining now?
You want it to go down again? Are you sick?
You should cheer up and enjoy your asset enhancement.

Relax bro!
Anyone has picture of The Belvedere to share?
What is the progress of the construction now?

The Other Belvedere Owner
12-06-07, 18:35
Relax bro!
Anyone has picture of The Belvedere to share?
What is the progress of the construction now?


http://www.straitstimes.com/STI/STIMEDIA/image/20070609/ST_SUNTIMES_1_CURRENT_MNYMEYER.jpg
Still building. I think at the top level now.
Should TOP January 2008.

Meyer
26-06-07, 16:06
The latest URA shows $1,500 psf for The Belvedere.

What is the highest psf done for The Belvedere in the market now? $1,700 psf?

The Belvedere
26-06-07, 17:50
The Seafront On Meyer is quite pissed with The Belvedere cos' it is blocking its Marina Bay view.

Unregistered
26-06-07, 18:41
The Seafront On Meyer is quite pissed with The Belvedere cos' it is blocking its Marina Bay view.

Are you kidding? The Belvedere was there first!

Registered
27-06-07, 00:17
Are you kidding? The Belvedere was there first!

The Belvedere building has only 1 facing: seaview or marina-bay view.
So now The Seafront On Meyer just sit behind its backside.

Teacher
28-06-07, 18:40
This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.


28 June 2007
First Phase of The Marq Fully Sold
Units sold at an average S$4,137 psf, with a highest price of S$5,100 psf

SC Global Developments Ltd, one of Singapore’s leading developers of exclusive luxury residences, is pleased to announce that it received overwhelming response to the first phase of private previews for its ultra luxurious residential development, The Marq On Paterson Hill (‘The Marq’). Previews were by invitation only.

The first phase – about a third of all available apartments – comprising 21 units from the two blocks, Premier Tower and Signature Tower – have been fully sold. The average selling price achieved was $4,137 per square foot. Of the 21 units sold, eight apartments were within The Signature Tower, highly coveted for its signature 15-metre private lap pool in every unit. Prices for the entire development ranged from approximately S$11 million to S$31 million, with a unit in the Signature Tower achieving S$5,100 psf.

The Marq on Paterson Hill is 24 storeys high; the 3 penthouses which occupy the top two floors of the building and apartments on the higher floors were not released in the first phase of private previews. The Signature Tower will be home to 21 ultra spacious 5 –bedroom apartments averaging 6,195 sq ft, beside it will stand the Premier Tower with 42 luxuriously appointed 4 –bedroom apartments averaging 3,000 sq ft.

SC Global Developments has no confirmed date for the release of the second phase of units at this point.



Don't say people are gamblers or agents lah.
Don't use words like motherfxxking axxholes leh.

Relax!
Just do all your proper analysis and make money out of the market.

Go in at $3,000 psf and come out at $5,100 psf.
Make money and be happy!
No point scolding others.

Curious
29-06-07, 11:37
Don't say people are gamblers or agents lah.
Don't use words like motherfxxking axxholes leh.

Relax!
Just do all your proper analysis and make money out of the market.

Go in at $3,000 psf and come out at $5,100 psf.
Make money and be happy!
No point scolding others.


What price can MarQ penthouses fetch?
$6,000 psf? $7,000 psf?

ERA
01-07-07, 09:14
Your Friendly Neighbourhood Specialist!

Enjoy City / Pool / Sea View in the most sought after Freehold Residential Development in Prime District 15.

The Belvedere @ Meyer. TOP 2007!

All Units come with Private Lift.

Full Condo Facilities.

Minutes of walk to East Coast Park & next to Katong Park.

Minutes of driving to Central Business District (CBD), Marina Bay, Future Integrated
Resorts (IRs), Major Shopping & Entertainment Centres, Eateries.

High Rental Yield.

Contact:
Richard Sng
ERA Singapore

Unregistered
01-07-07, 10:31
Great advertisement but what do you have and at how much?

Bypasser.
01-07-07, 23:43
The Belvedere was fully covered by green net previously.

Just drove past it yesterday afternoon along ECP.
Most of the green net has been removed.
The condo looks awesome without the net.

Green Beret
03-07-07, 00:03
The Belvedere was fully covered by green net previously.

Just drove past it yesterday afternoon along ECP.
Most of the green net has been removed.
The condo looks awesome without the net.


The green net is the construction safety net.
Remember the Army days?

Unregistered
03-07-07, 00:13
In URA's press release today:

"...The increase in private housing prices in recent quarters is in line with greater economic growth and rising confidence. Private housing prices are now increasing at a faster pace because of good economic prospects going forward and the increasing attractiveness of Singapore as a global city."

Keen
03-07-07, 10:40
In URA's press release today:

"...The increase in private housing prices in recent quarters is in line with greater economic growth and rising confidence. Private housing prices are now increasing at a faster pace because of good economic prospects going forward and the increasing attractiveness of Singapore as a global city."


So ..... are there any Belvedere units for buying?
What is a good level to buy into?

Registered
03-07-07, 14:56
The latest URA shows $1,500 psf for The Belvedere.

What is the highest psf done for The Belvedere in the market now? $1,700 psf?

The latest shows $1,520 psf.
Dunno what is the latest sale psf.

Unregistered
03-07-07, 15:19
seafront@meyer straight from the developer is also worth considering. best of all by buying straight from the developer you can take up a deferred payment scheme. believe you can still get non seaview units there from as low as 1300+psf.

Watcher
03-07-07, 15:34
seafront@meyer straight from the developer is also worth considering. best of all by buying straight from the developer you can take up a deferred payment scheme. believe you can still get non seaview units there from as low as 1300+psf.

At $1,400 psf, I can get IR-view units at The Belvedere.
Somemore TOP end 2007, I can move in soon.

Unregistered
05-07-07, 14:26
i find the unit sizes fo the 3 bedrooms here at 1200+ sq ft a bit too small though.

Unregistered
05-07-07, 14:26
i find the unit sizes for the 3 bedrooms here at 1200+ sq ft a bit too small though.

Showroom Hopper
05-07-07, 14:32
i find the unit sizes for the 3 bedrooms here at 1200+ sq ft a bit too small though.


1238-1302 sqft is quite typical of 3 bedroom condo unit in Singapore.
Of course, some development have bigger 3 bedroom unit. These are exceptions.

The 3 bedroom units in The Belvedere is of typical size but not small.

Unregistered
05-07-07, 17:29
duchess residence and seafront both have 3 bedrooms at 1600sq ft much more comfortable.

Registered
05-07-07, 22:41
duchess residence and seafront both have 3 bedrooms at 1600sq ft much more comfortable.


As long as they pay their rental timely, why bother about comfort?

Anyway, you can also go for 2,000 sqft 3 bedroom in Tanjung Rhu. I wouldn't.

Buyer
06-07-07, 10:59
Since The Belvedere is sold out some time back.
Here are some tips for owners on the type of foreigners who are your potential buyers.

Indonesians
- Katong
- River Valley
- Orchard Road
- Nassim Hill and Nissim Road
- Bukit Timah

Australians
- East Coast, near the Meyer Road area
- Holland Road
- Pasir Panjang
- Ang Mo Kio

Indians
- East Coast, especially around Meyer Road area and Tanjong Rhu area
- Nassim Hill and Nassim Road
- Binjai Park
- Serangoon Road


Why only Indonesians, Australians and Indians stay here?
What about Middle Easten folks, Russians, Koreans, etc.?

The Straits Times
07-07-07, 02:52
The Straits Times
6 July 2007

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

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

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

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

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

He also cited the speculative activity that is boosting prices.

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

Alicia ERA
09-07-07, 14:05
An upcoming condo in Singapore D15 is awaiting you!

2 - 4 bedrooms units available!
Freehold, near the upcoming MRT circle line, full facilities!

Minutes to city, upcoming integrated resort (IR), airport & accessible to other parts of Singapore.

Grab the chance now to make a good investment!

Unregistered
09-07-07, 15:42
An upcoming condo in Singapore D15 is awaiting you!

2 - 4 bedrooms units available!
Freehold, near the upcoming MRT circle line, full facilities!

Minutes to city, upcoming integrated resort (IR), airport & accessible to other parts of Singapore.

Grab the chance now to make a good investment!
could we have more details thanks

Unregistered
09-07-07, 16:38
Is this the Hong Leong one?

Unregistered
09-07-07, 17:00
As the state develops into one of the most liveable cities in the world, residences by the water (especially the sea) will command a huge premium over any other residences. ECP is one seaside area. Marina Bay, Sentosa (but the Cove may be prone to Tsunami), Pasir Ris beachside, Tg Rhu Bay, and some scenic riverside towns. These will command even greater premium than central and downtown residences.

Unregistered
09-07-07, 17:45
Ya for now but the future plan is to reclaim the east coast.The whole bloody stretch from Marine Parade to Bedok!

Unregistered
09-07-07, 20:32
well that will be interesting, anyway does anyone have any info about far east org condo at former amberville site, heard lauch prices in the region of 1500 psf.

Registered
09-07-07, 23:08
Is this the Hong Leong one?

Don't think so lah.
I think this one is at Haig Road.

Hong Leong one should be doing at around $1,500 to $2,400 psf.

Meyer
09-07-07, 23:09
Don't think so lah.
I think this one is at Haig Road.

Hong Leong one should be doing at around $1,500 to $2,400 psf.


Wah!
Higher than Seafront On Meyer leh.
Seafront On Meyer from $1,300 to $2,200 psf only.

Unregistered
10-07-07, 09:11
If I am the government, I will take measures to slow the growth to 5 to 7% per year (not quarter). This is healthier and sustainable. An exception I will make is the luxury class condo (above 2500psf). For these, the buyers will be less price-sensitive. So the measures will be these:

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

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

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

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

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

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

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

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

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

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

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

If you are the gahment,we are bankrupt oledy.

Unregistered
10-07-07, 10:16
If you are the gahment,we are bankrupt oledy.

I agree. Kind of drastic lar. Need to scale it down abit to this -

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

2. Capital gain tax of 15% for sale of property bought within the last 1 year.

3. Luxury tax of 5% for those who bought property above $3000 psf. This is a way to give back to society.

rpf2
10-07-07, 12:55
If I am the government, I will take measures to slow the growth to 5 to 7% per year (not quarter). This is healthier and sustainable. An exception I will make is the luxury class condo (above 2500psf). For these, the buyers will be less price-sensitive. So the measures will be these:

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

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



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

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



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

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



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

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



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

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

G Ng
10-07-07, 12:56
Grace Ng
Finance Reporter
The Straits Times
10 July 2007

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

This is causing expatriates to move to cheaper districts.

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

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

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

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

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

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

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

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

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

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

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

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

Meyer Road Landlord
12-07-07, 22:00
They are coming fast. Quick, join me and be a landlord in Meyer Road too.

AFP Singapore
Wednesday, 11 July 2007

"The owners are getting greedy. It's really a landlord's market right now." - property agent.

Malaysian financial executive Ron Tan wasted no time in renewing his lease for a 3-bedroom apartment in Singapore when his landlord decided to raise the monthly rent by S$300 (US$199).

"I see no point in haggling. The way the market is right now, I think my landlord is very reasonable," said Tan, who counts himself among the lucky few to escape the pain of a red hot property market.

Other foreign executives have no such luck as they find themselves hit with rents that have increased by as much as 50%, or more, amid a property boom in the city-state.

At the Bayshore Park condominium, popular with foreigners because of its closeness to the beach, monthly rents for a 2-bedroom unit have doubled to US$2,800 from a year ago.

"The owners are getting greedy. It's really a landlord's market right now," said a property agent who wanted to be identified only as May.

Singapore is now the 8th most pricey city in Asia in terms of housing costs for expatriates, global human resources firm ECA International said.

The firm's latest survey of global accommodation costs showed rents for a three-bedroom apartment in residential areas popular with expatriates jumped 15% from 2005 to an average US$5,113 a month last year.

Fueling the rental boom is the huge influx of foreigners into the Southeast Asian state as the government seeks to recruit more skilled professionals to augment its local workforce.

Foreigners make up 18% of Singapore's 4.4 million population. The government is planning for a population of 6.5 million over the next 50 years and experts say the bulk of the additional 2 million people will come from abroad.

Singapore's robust economy is also a factor behind the current rental spike with more multinational companies (MNCs) relocating staff to the city-state, which serves as their regional headquarters, observers said.

"Basically, if we look at the causes of this, a lot of it is being driven by demand," said Lee Quane, general manager of ECA International.

"The economy in Singapore is doing very well. MNCs are expanding their operations and are bringing in more expatriates," he said.

Global property consultancy Savills expects the rental crunch to worsen with more foreigners expected to arrive as the government seeks to further entrench the city-state's status as a regional business hub.

"We expect the rental market to continue to perform well. The number of foreigners is expected to increase with the expansion of companies as well as the increasing number of new firms, especially from the financial sector," Savills said.

Despite the massive rental hikes, recruitment specialists do not expect Singapore to surrender its cost advantage over arch economic rival Hong Kong anytime soon.

The southern Chinese territory is still the world's most expensive city in which to rent a 3-bedroom apartment and living costs are generally regarded as higher than in Singapore.

"Rentals have also risen in Hong Kong and it is generally accepted to be a city that has a higher cost of living versus Singapore, so the differential still exists," said Mark Ellwood, a director with recruitment firm Robert Walters.

For foreign executives or companies planning to relocate staff to the region, accommodation cost is not the only factor taken into account, Ellwood said.

"From our perspective, we are not seeing this as a reason for people to relocate either as individuals or as corporates," he said. "It's a consideration but it isn't the major driving factor and Singapore is very much an attractive city for people to live and work and for organizations to headquarter into."

Hong Kong's worsening pollution problem has also worked to Singapore's advantage, Ellwood said.

"What we are experiencing more and more is that many people, particularly with young families, would like to relocate from Hong Kong to Singapore because they perceive Singapore to be a cleaner city and they are concerned about the levels of pollution in Hong Kong especially if they have young children," he said.

Interested
14-07-07, 09:59
They are coming fast. Quick, join me and be a landlord in Meyer Road too.

AFP Singapore
Wednesday, 11 July 2007

"The owners are getting greedy. It's really a landlord's market right now." - property agent.

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

"What we are experiencing more and more is that many people, particularly with young families, would like to relocate from Hong Kong to Singapore because they perceive Singapore to be a cleaner city and they are concerned about the levels of pollution in Hong Kong especially if they have young children," he said.



Which units do you recommend?
What is a reasonable price?

Unregistered
27-03-08, 10:37
What is a realistic resale price for Belvedere ? now.

Real Estate Pundit
21-07-08, 17:36
#17-07 1238sqft $1260psf $1,559,880 01Jul08
#05-01 1378sqft $1200psf $1,653,600 9Jun08
#22-03 1367sqft $1430psf $1,954,810 5Jun08
#14-02 1367sqft $1353psf $1,850,000 29May08
#21-02 1367sqft $1683psf $2,300,000 12May08
#02-03 1367sqft $1180psf $1,613,060 23Apr08
..
..
..
..
#19-04 1302sqft $1610psf $2,096,220 22Dec07
#23-04 1302sqft $1640psf $2,135,280 26Oct07
#21-01 1378sqft $1727psf $2,380,000 15Oct07
#15-05 1367sqft $1550psf $2,118,850 5Oct07
#21-03 1367sqft $1600psf $2,187,200 22Aug07
#18-01 1378sqft $1650psf $2,273,700 7Aug07

potential buyer
04-08-08, 06:00
what do you guys think....any further drop expected?

Real Estate Pundit
04-08-08, 07:33
what do you guys think....any further drop expected?

The writing is on the wall! The worst will happen before any recovery....

Why? There are still a lot of early buyer holding on to purchases they made in 2005 and 2006 at around the high $700 to low $800 psf. Even if they sell now 'below' market at $1000 psf, they still gain 15 to 25%.

In fact, these groups of owners are the ones most feared by the developers.

CX
09-08-08, 00:40
Is High floor above 20storey for stack 5 @ $1200.00psf a good buy?

Real Estate Pundit
10-08-08, 13:56
Is High floor above 20storey for stack 5 @ $1200.00psf a good buy?

If you look at the recent caveats (see pg 4 of this thread) for The Belvedere, $1200 will set a new low psf for high floor units for this year.

bel
10-08-08, 20:35
#17-07 1238sqft $1260psf $1,559,880 01Jul08
#05-01 1378sqft $1200psf $1,653,600 9Jun08
#22-03 1367sqft $1430psf $1,954,810 5Jun08
#14-02 1367sqft $1353psf $1,850,000 29May08
#21-02 1367sqft $1683psf $2,300,000 12May08
#02-03 1367sqft $1180psf $1,613,060 23Apr08
..
..
..
..
#19-04 1302sqft $1610psf $2,096,220 22Dec07
#23-04 1302sqft $1640psf $2,135,280 26Oct07
#21-01 1378sqft $1727psf $2,380,000 15Oct07
#15-05 1367sqft $1550psf $2,118,850 5Oct07
#21-03 1367sqft $1600psf $2,187,200 22Aug07
#18-01 1378sqft $1650psf $2,273,700 7Aug07

15-05 is only 1259sqft right?

Tellis
10-08-08, 20:45
If you look at the recent caveats (see pg 4 of this thread) for The Belvedere, $1200 will set a new low psf for high floor units for this year.

But during low times,is this considered high price?

latour
11-08-08, 09:20
How much lower will it go, what will be trend for rest of year ?

Real Estate Pundit
11-08-08, 09:45
But during low times,is this considered high price?

Yes, this is high compared to 2005/2006 where owners paid the developer between $750 - $850 psf for this development.

I doubt we will see $800psf again for this development....but I could be wrong. This will hinge on Singapore's ability to attract new expat that will be able to take up the slack in the rental market.

Real Estate Pundit
11-08-08, 09:48
How much lower will it go, what will be trend for rest of year ?

I have no crystal ball but my guess is this downward trend will continue well into next year.

Property prices are a reflection in buyers confidence.....and this is very lacking this whole year.

jaded
11-08-08, 15:03
I have no crystal ball but my guess is this downward trend will continue well into next year.

Property prices are a reflection in buyers confidence.....and this is very lacking this whole year.

actually interested in this project . agents please give mi a call at 98260546 . Thanks . .

BH LOVER
11-08-08, 15:17
u can buy Beacon Heights on the 26th flr wth city view and near town for $900+psf.
Is High floor above 20storey for stack 5 @ $1200.00psf a good buy?

Real Estate Pundit
11-08-08, 16:05
actually interested in this project . agents please give mi a call at 98260546 . Thanks . .

Dear jaded, hope you find your perfect Belvedere home.

In Suze Orman's words, "......... the decision to buy a home hits like love at first sight: After endless rounds of dating, you finally find that special one.".....so I wish you will find your love.

Real Estate Pundit
11-08-08, 16:51
Latest caveat reflected for The Belvedere.

#16-0X__1302sqft__$1267psf__$1,650,000__Contract dd 31 July 2008

jaded
11-08-08, 17:40
Latest caveat reflected for The Belvedere.

#16-0X__1302sqft__$1267psf__$1,650,000__Contract dd 31 July 2008

thank you . xie xie .

CX
11-08-08, 20:36
If you look at the recent caveats (see pg 4 of this thread) for The Belvedere, $1200 will set a new low psf for high floor units for this year.

Thanks for the update..:)

PL
11-08-08, 21:28
Yes, this is high compared to 2005/2006 where owners paid the developer between $750 - $850 psf for this development.

I doubt we will see $800psf again for this development....but I could be wrong. This will hinge on Singapore's ability to attract new expat that will be able to take up the slack in the rental market.

$800 is virtually impossible,though not totally.the market will dip ,but the properties in meyer road will stay quite strong i believe.To fall below $1100 for Very high floors is a bit hard

Real Estate Pundit
12-08-08, 14:40
$800 is virtually impossible,though not totally.the market will dip ,but the properties in meyer road will stay quite strong i believe.To fall below $1100 for Very high floors is a bit hard

I have learn from experience not to use the word 'impossible'. I bought a unit at Costa Rhu on the #16 for $500+psf during the Asian crisis in Dec 2008 and sold 2 years later for $610psf. I also thought that it will not be possible to go back to $500+psf!

But I was wrong, most Tg Rhu properties did hit even lower in 2005 and 2006. In fact alot of Costa Rhu transactions in 2005 and early part of 2006 were below $500 psf!

Granted that Tg Rhu are mostly 99yr LH compared to Meyer Rd FH, I have learn not to say impossible. No one knows how long this buyer-seller impasse will last and the lack of economic good news is not helping....

deadsure
12-08-08, 17:12
in 2006 ? 500 psf ?? sure or not ?

Real Estate Pundit
12-08-08, 19:35
in 2006 ? 500 psf ?? sure or not ?

Below are some sampling of caveats for Costa Rhu ....... RC is Rhu Cross.

Add.__Unit_____sqft___$psf__Transact____Date
5 RC__#03-08__1012__499__$505,000___10 Jul 2006
9 RC__#02-04__1399__443__$620,000___27 Jun 2006
3 RC__#04-16__1970__477__$940,000___09 Jun 2006
9 RC__#02-01__1841__473__$870,000___01 Jun 2006
1 RC__#15-14__2056__482__$990,000___09 May 2006
1 RC__#13-01__1346__539__$725,000___04 May 2006
1 RC__#02-01__1346__479__$645,000___02 May 2006
3 RC__#08-03__1970__500__$985,000___05 Apr 2006
5 RC__#09-12__1776__456__$810,000___02 Mar 2006
9 RC__#10-06__2056__512__$1,052,880__16 Feb 2006
9 RC__#12-10__2164__462__$1,000,000__25 Jan 2006
3 RC__#12-07__1647__492__$810,000___19 Jan 2006
5 RC__#13-12__1776__472__$838,000___28 Dec 2005
1 RC__#16-03__1399__486__$680,000___15 Dec 2005
5 RC__#11-19__1776__472__$838,000___02 Nov 2005
1 RC__#07-02__1346__401__$540,000___15 Sep 2005
9 RC__#09-06__2056__467__$960,000___29 Aug 2005
3 RC__#13-07__1647__486__$800,000___24 Aug 2005

Just too many to list......are you convinced yet?

CX
12-08-08, 21:57
Hmm..you're really a real estate pundit..

Real Estate Pundit
12-08-08, 22:08
Anyone else need some more caveat details? :)

PL
12-08-08, 22:41
Anyone else need some more caveat details? :)

When property was low,how was makena prices ?

Cosa
12-08-08, 22:43
I have learn from experience not to use the word 'impossible'. I bought a unit at Costa Rhu on the #16 for $500+psf during the Asian crisis in Dec 2008 and sold 2 years later for $610psf. I also thought that it will not be possible to go back to $500+psf!

But I was wrong, most Tg Rhu properties did hit even lower in 2005 and 2006. In fact alot of Costa Rhu transactions in 2005 and early part of 2006 were below $500 psf!

Granted that Tg Rhu are mostly 99yr LH compared to Meyer Rd FH, I have learn not to say impossible. No one knows how long this buyer-seller impasse will last and the lack of economic good news is not helping....

Thats why i stated" Virtually impossible"..

Real Estate Pundit
12-08-08, 23:06
When property was low,how was makena prices ?

Caveats for Makena during the “low period”; and 12 June 2006 wasn’t too long ago.

Unit, #__sqft___$psf____Price,$______Contract date

10-05__1636__660___$1,080,000___12 Jun 2006
14-09__1518__679___$1,030,000___24 May 2006
07-01__1152__641___$738,800____19 May 2006
26-05__1647__777___$1,280,000___21 Apr 2006
05-07__1615__610___$985,000____26 Jan 2006
11-06__1152__648___$747,000____25 Jan 2006
22-02__1636__733___$1,200,000__30 Nov 2005
15-02__1636__642___$1,050,000__25 Nov 2005
06-06__1615__594___$960,000____29 Apr 2005

Posh
12-08-08, 23:08
Need experts advice.When IR comes up,will The Belverdere's prices shoot up most likely???Is the Belvedere (unit with sea view and facing spore flyer) a good investment?Abe to sell at good price when IR comes up?

Real Estate Pundit
12-08-08, 23:19
Need experts advice.When IR comes up,will The Belverdere's prices shoot up most likely???Is the Belvedere (unit with sea view and facing spore flyer) a good investment?Abe to sell at good price when IR comes up?

Everyone would like to think that the casinos will bring properity to Singapore. But will the casinos actually be a positive effect? Who can say? It may go the way of the Singapore flyer....after the initial hurrah, it fizzled like a flat coke.

The problem I foresee with the IR/casinos is that Singapore is too 'clean' for an inherently 'colourful' business like gambling. Gambling in my view is always laced with 'SXX'....very much like the casinos in Macao.

CX
13-08-08, 21:16
Everyone would like to think that the casinos will bring properity to Singapore. But will the casinos actually be a positive effect? Who can say? It may go the way of the Singapore flyer....after the initial hurrah, it fizzled like a flat coke.

The problem I foresee with the IR/casinos is that Singapore is too 'clean' for an inherently 'colourful' business like gambling. Gambling in my view is always laced with 'SXX'....very much like the casinos in Macao.

Sir,

from what i know,macao property prices increase by 5-6 times more when their casino is up..Do you see spore economics & property will follow suit as well when the IR is up?let's not think about 5-6 times more,perhaps 1-2 times more since the property market is so slow now as compare to last year,the peak & hottest period for property june 07-oct 07 where alot of people couldn't afford to buy their dream home just like me..So sad..:(

CX
25-08-08, 22:27
Where's Real Estate Pundit?

Finally I have found My Dream House in Meyer Road..:)

Thank You!

Real Estate Pundit
26-08-08, 12:29
Where's Real Estate Pundit?

Finally I have found My Dream House in Meyer Road..:)

Thank You!

Hello CX,

Have been busy with real work so no time to visit this site.

I am glad that you found you dream home. Share with us what you found? And at what price.

And to answer your previous post, it is important to note that a lot of new wealth were created between 2002 till the end of 2006. These new wealth were realised by those who actually traded in real estate and financial market during these period.

These new wealth was moved around globally seeking markets that was still underpriced compared to major 1st world econoomy cities. (Eg, UK went on a 13-year property appreciation without any hiccup! A lot of people had gotten very rich during that period.) So these new wealth started to move around globally and caused an upward movement in property prices in almost every major cities. We are now witnessing the end of this and major correction is happening as these funds try to pull out.

The next scenario is......how low can prices go now that the world is facing major destruction of wealth?

I can see less expat coming to Singapore.....let's not talk about those that have to leave. So rental will slowly buy surely move downwards.

Also, when I drive pass PSA at Pasir Panjang, I see that there are less containers stacked a mile high like last year. Even the cranes are less manic this period. Economy in slowdown.

Do most people actually feel rich? Not many will dare to spend unnecessarily.

Unregistered99
26-08-08, 13:53
how much is a high floor sea facing unit now?

CX
26-08-08, 15:09
Hello CX,

Have been busy with real work so no time to visit this site.

I am glad that you found you dream home. Share with us what you found? And at what price.



My email [email protected]

Thanks

CX
26-08-08, 15:11
how much is a high floor sea facing unit now?


Alot of seller calling around 1350-1450psf for high floor sea facing now for The belvedere..:)

registered
26-08-08, 15:52
Hello CX,

Have been busy with real work so no time to visit this site.

nice to hear from you again! welcome back, Real Estate Pundit!

Casino
26-08-08, 21:02
Agreed. I hope the garmen will allow SXX to thrive together with casinos - the last thing is want is for garment to stop SXX actitivies and kill off the casino's potential and destroy Singapore's economy. As long as the activities are contained within the casino vicinity and the existing red light areas like Geylang, Balestier, Joo Chiat, Katong. It should be okay.


Everyone would like to think that the casinos will bring properity to Singapore. But will the casinos actually be a positive effect? Who can say? It may go the way of the Singapore flyer....after the initial hurrah, it fizzled like a flat coke.

The problem I foresee with the IR/casinos is that Singapore is too 'clean' for an inherently 'colourful' business like gambling. Gambling in my view is always laced with 'SXX'....very much like the casinos in Macao.

Real Estate Pundit
27-08-08, 10:14
Alot of seller calling around 1350-1450psf for high floor sea facing now for The belvedere..:)

Latest transaction for Belvedere,

31 Jul 08__1X-04__1302sqft__$1267psf__$1,650,000
01 Jul 08__1X-07__1238sqft__$1238psf__$1,559,880
09 Jun 08__0X-01__1378sqft__$1200psf__$1,653,600
05 Jun 08__2X-02__1367sqft__$1430psf__$1,954,810

In sales, the golden adge of "ask high, sell high! ask low, sell low!" will prevail. So all sellers must shout very high price and then give discount. I think realistic sellers will settle for 10% off the asking price.

esta_700psf
27-08-08, 11:20
Latest transaction for Belvedere,

31 Jul 08__1X-04__1302sqft__$1267psf__$1,650,000
01 Jul 08__1X-07__1238sqft__$1238psf__$1,559,880
09 Jun 08__0X-01__1378sqft__$1200psf__$1,653,600
05 Jun 08__2X-02__1367sqft__$1430psf__$1,954,810

In sales, the golden adge of "ask high, sell high! ask low, sell low!" will prevail. So all sellers must shout very high price and then give discount. I think realistic sellers will settle for 10% off the asking price.
Hi Real Estate Pundit, do you have the new transaction for the Esta? thanks!

CX
27-08-08, 21:35
Latest transaction for Belvedere,

31 Jul 08__1X-04__1302sqft__$1267psf__$1,650,000
01 Jul 08__1X-07__1238sqft__$1238psf__$1,559,880
09 Jun 08__0X-01__1378sqft__$1200psf__$1,653,600
05 Jun 08__2X-02__1367sqft__$1430psf__$1,954,810

In sales, the golden adge of "ask high, sell high! ask low, sell low!" will prevail. So all sellers must shout very high price and then give discount. I think realistic sellers will settle for 10% off the asking price.

IMHO,Those owners that have holding power,will hold till the IR n see how the market goes rather than selling it cheap now..unless those owners is really in need of money n have no holding power will sell @ any reasonable offer by the buyers..:)

Let's not forget,the belvedere launching price is around est $700-$850psf..even if they sell any price higher than that,they will still earn..overall it depends on whether how much they wanna earn..lol:p

Hokkien says,earn more earn less,Earn Confirm..hahaha..:p too bad i miss the launch,if not i'll be laughing all the way to the bank..kekeke

Let's wait n see how the IR fare during 2010..:)

Joe6816
01-09-08, 14:28
Hi Real Estate Pundit, do you have the new transaction for the Esta? thanks!


#04-1x 1399sqft sold @ 815psf
#19-0x 1346 sqft sold @ 938psf
#11-15 1173 sqft sold @9xxpsf

joe
01-09-08, 15:05
Hello Joe6816!:D

My name is also Joe.

Do you have the latest transactions for One Amber?

Thanks!

Real Estate Pundit
01-09-08, 16:10
Latest transaction for Belvedere,

18 Aug 08_13-0X__1012sqft__$1325psf__$1,340,900
31 Jul 08__1X-04__1302sqft__$1267psf__$1,650,000

C X
01-09-08, 22:56
Latest transaction for Belvedere,

18 Aug 08_13-0X__1012sqft__$1325psf__$1,340,900
31 Jul 08__1X-04__1302sqft__$1267psf__$1,650,000

Always nice to see you back in action..you must be busy with your work last week right?lol

Real Estate Pundit
02-09-08, 09:40
Always nice to see you back in action..you must be busy with your work last week right?lol

Have been tied up at work and my home 'Super' computer blew the power supply. So have been experiencing internet withdrawal symtoms.

C X
02-09-08, 20:34
Have been tied up at work and my home 'Super' computer blew the power supply. So have been experiencing internet withdrawal symtoms.

Busy is always a good sign..:) how come the power supply blew off?got ask any electrician to check your house power supply?

Real Estate Pundit
16-09-08, 15:09
Latest transaction for Belvedere,

18 Aug 08_13-0X__1012sqft__$1325psf__$1,340,900
31 Jul 08__1X-04__1302sqft__$1267psf__$1,650,000

No new caveats lodged for Belvedere after 18 August till the latest reflected date 05 Sept 2008

C X
19-09-08, 12:33
Admin,

Thank You Very Much for getting rid of that stupid OKT..:p

Joe6816
19-09-08, 12:37
Admin,

Thank You Very Much for getting rid of that stupid OKT..:p


didn't know there a admin here. But how come D14 still have their posting

C X
19-09-08, 22:37
didn't know there a admin here. But how come D14 still have their posting

Every forum sure have admin..maybe it's deleted by Mr.Funny?lol:p

DW
20-09-08, 17:51
I have made a couple of enquiry on Belvedere and from preliminary discussion from a number other investors, I understood this was one of the most controversial investment which Keppel Land (the developer) made and it was almost by sheer luck they managed to get away with this (or what it appears to be the case). I understand this was in some way or another, in what seems to be a mistake on the developer whom back then purchased the land, not knowing there is/was another plot of land in front which could potentially block off Belvedere’s view completely (and potentially also block part of SeaFront). I understand a number of buyers was sold the idea that the plot of land immediately next to Belvedere was actually a Park (which, apparently, is not the case), and I believe most owners and prospective buyers continue to be under this belief still (which seems to be rather shocking!!).

I attached extract of the Master Plan 2008 (annotated) which is widely circulated amongst the investor community whom are looking at buying Belvedere and SeaFront. This will have an impact on our view of the pricing of this development, given the risk of another development in front, which is not unlikely at all!!



I wonder if anyone here can confirm the same or shed some light on this?

DW
20-09-08, 17:52
I have made a couple of enquiry on Belvedere and from preliminary discussion from a number other investors, I understood this was one of the most controversial investment which Keppel Land (the developer) made and it was almost by sheer luck they managed to get away with this (or what it appears to be the case). I understand this was in some way or another, in what seems to be a mistake on the developer whom back then purchased the land, not knowing there is/was another plot of land in front which could potentially block off Belvedere’s view completely (and potentially also block part of SeaFront). I understand a number of buyers was sold the idea that the plot of land immediately next to Belvedere was actually a Park (which, apparently, is not the case), and I believe most owners and prospective buyers continue to be under this belief still (which seems to be rather shocking!!).

I attach extract of the Master Plan 2008 (annotated) (see attached file Belvedere.pdf) which is widely circulated amongst the investor community whom are looking at buying Belvedere and SeaFront. This will have an impact on our view of the pricing of this development, given the risk of another development in front, which is not unlikely at all!!

I wonder if anyone here can confirm the same or shed some light on this?

Joe6816
20-09-08, 20:49
I have made a couple of enquiry on Belvedere and from preliminary discussion from a number other investors, I understood this was one of the most controversial investment which Keppel Land (the developer) made and it was almost by sheer luck they managed to get away with this (or what it appears to be the case). I understand this was in some way or another, in what seems to be a mistake on the developer whom back then purchased the land, not knowing there is/was another plot of land in front which could potentially block off Belvedere’s view completely (and potentially also block part of SeaFront). I understand a number of buyers was sold the idea that the plot of land immediately next to Belvedere was actually a Park (which, apparently, is not the case), and I believe most owners and prospective buyers continue to be under this belief still (which seems to be rather shocking!!).

I attach extract of the Master Plan 2008 (annotated) (see attached file Belvedere.pdf) which is widely circulated amongst the investor community whom are looking at buying Belvedere and SeaFront. This will have an impact on our view of the pricing of this development, given the risk of another development in front, which is not unlikely at all!!

I wonder if anyone here can confirm the same or shed some light on this?


hmmmmmm....

DW
20-09-08, 20:55
Dear Joe,
Thanks for your reply. I understand you are quite up to date with the property market ongoings (from your other postings) and would be grateful if you can share on your insights in respect on the below. Any inputs will be most helpful.
Thanks!

Joe6816
20-09-08, 21:20
Dear Joe,
Thanks for your reply. I understand you are quite up to date with the property market ongoings (from your other postings) and would be grateful if you can share on your insights in respect on the below. Any inputs will be most helpful.
Thanks!

I try to see how. Been rather bz these fews days after someone mentioned I should be bz closing deals not bz posting here.....haha...try to get back to you. Cheers

C X
20-09-08, 21:29
I have made a couple of enquiry on Belvedere and from preliminary discussion from a number other investors, I understood this was one of the most controversial investment which Keppel Land (the developer) made and it was almost by sheer luck they managed to get away with this (or what it appears to be the case). I understand this was in some way or another, in what seems to be a mistake on the developer whom back then purchased the land, not knowing there is/was another plot of land in front which could potentially block off Belvedere’s view completely (and potentially also block part of SeaFront). I understand a number of buyers was sold the idea that the plot of land immediately next to Belvedere was actually a Park (which, apparently, is not the case), and I believe most owners and prospective buyers continue to be under this belief still (which seems to be rather shocking!!).

I attach extract of the Master Plan 2008 (annotated) (see attached file Belvedere.pdf) which is widely circulated amongst the investor community whom are looking at buying Belvedere and SeaFront. This will have an impact on our view of the pricing of this development, given the risk of another development in front, which is not unlikely at all!!

I wonder if anyone here can confirm the same or shed some light on this?

Hi DW,

When i see your posting,i was shock to read the above..As a belvedere owner,from what i know it's a historical Katong Park..Goverment sold that pcs of land away???i tried logging in with my nick CX,i got problems logging in & not able to see your attached master plan..

condoinvestor
20-09-08, 21:41
Hi guys, you can view that from the ura website, just looked at it to make sure, DW is right, it is just matter of time when they decide to sell the land, thanks DW for the heads up......

BENTLY
20-09-08, 21:46
I have made a couple of enquiry on Belvedere and from preliminary discussion from a number other investors, I understood this was one of the most controversial investment which Keppel Land (the developer) made and it was almost by sheer luck they managed to get away with this (or what it appears to be the case). I understand this was in some way or another, in what seems to be a mistake on the developer whom back then purchased the land, not knowing there is/was another plot of land in front which could potentially block off Belvedere’s view completely (and potentially also block part of SeaFront). I understand a number of buyers was sold the idea that the plot of land immediately next to Belvedere was actually a Park (which, apparently, is not the case), and I believe most owners and prospective buyers continue to be under this belief still (which seems to be rather shocking!!).

I attach extract of the Master Plan 2008 (annotated) (see attached file Belvedere.pdf) which is widely circulated amongst the investor community whom are looking at buying Belvedere and SeaFront. This will have an impact on our view of the pricing of this development, given the risk of another development in front, which is not unlikely at all!!

I wonder if anyone here can confirm the same or shed some light on this?

Bro, master plan 2003 also the same leh so no new changes to 2008 master plan.

DW
20-09-08, 21:48
Hi guys, you can view that from the ura website, just looked at it to make sure, DW is right, it is just matter of time when they decide to sell the land, thanks DW for the heads up......

To be honest, I was hoping that I am reading the maps incorrectly as I am really quite keen on Belvedere. I once heard of someone whom was sold the property during launch and made the same enquiry with the developer. She was apparently, repeatedly verbally re-assured by the developer representative, her understanding (as presented herein below) is not true.

I am now seriously considering the development and is conducting my due diligence on the same... ...

Any other views ??

p/s: I have viewed some units at this development with some agents, enquired on the same with some other agents on the phone, discussed at length with a number of owners (whom are selling their units). It appears they are all absolutely certain about the plot of land infront of Belvedere is marked as a Park and not eligible for future developments (I tend to believe they are genunie believers, as they have been faithfully told / advised by the developers/agents during their purchase).

DW
20-09-08, 21:53
Hi DW,

When i see your posting,i was shock to read the above..As a belvedere owner,from what i know it's a historical Katong Park..Goverment sold that pcs of land away???i tried logging in with my nick CX,i got problems logging in & not able to see your attached master plan..

Dear CX,
Given you are the owner of Belvedere, are you able to verify the lot number of Belvedere in the attached PDF file (below post) as per indicated ?? From the Master Plan, it appears Belvedere is not sitting on the plot that nearest to the sea front (i.e. there is another plot in front of Belvedere, which will completely block its view).

You can probably refer to your title deed (which will specify the land parcel number) and cross check with SLA website to confirm the same?

To be honest, I am hoping the circulated attachment of Belvedere potentially being completely block is incorrect, as I am very keen to get something there as well!!

DW
20-09-08, 21:59
Bro, master plan 2003 also the same leh so no new changes to 2008 master plan.

Dear Bently,
Thanks for your reply. I believed I might have miss out/not understanding your post as intended. Grateful if you can kindly elaborate a little more on the relevance of Master Plan 2003 being the same as Master Plan 2008 in respect of my query below?

Thanks!

BENTLY
20-09-08, 22:03
To be honest, I was hoping that I am reading the maps incorrectly as I am really quite keen on Belvedere. I once heard of someone whom was sold the property during launch and made the same enquiry with the developer. She was apparently, repeatedly verbally re-assured by the developer representative, her understanding (as presented herein below) is not true.

I am now seriously considering the development and is conducting my due diligence on the same... ...

Any other views ??

p/s: I have viewed some units at this development with some agents, enquired on the same with some other agents on the phone, discussed at length with a number of owners (whom are selling their units). It appears they are all absolutely certain about the plot of land infront of Belvedere is marked as a Park and not eligible for future developments (I tend to believe they are genunie believers, as they have been faithfully told / advised by the developers/agents during their purchase).

The map is correct and the zoning has not change since 2003, so most likely the piece next lot will be sold for furture development sharing same plot raito of 2.8. But given that this plot of land is bigger than bel, the development can be higger. As for the small piece fronting directly bel, there cant be any building except facilities.

C X
20-09-08, 22:07
Dear CX,
Given you are the owner of Belvedere, are you able to verify the lot number of Belvedere in the attached PDF file (below post) as per indicated ?? From the Master Plan, it appears Belvedere is not sitting on the plot that nearest to the sea front (i.e. there is another plot in front of Belvedere, which will completely block its view).

You can probably refer to your title deed (which will specify the land parcel number) and cross check with SLA website to confirm the same?

To be honest, I am hoping the circulated attachment of Belvedere potentially being completely block is incorrect, as I am very keen to get something there as well!!

Dear DW,

Maybe you should ask yourself whether the small plot of land beside belvedere big enough to build a condo?:)

C X
20-09-08, 22:11
Sorry i mean Katong park..

Joe6816
20-09-08, 22:13
Hi DW,

When i see your posting,i was shock to read the above..As a belvedere owner,from what i know it's a historical Katong Park..Goverment sold that pcs of land away???i tried logging in with my nick CX,i got problems logging in & not able to see your attached master plan..

The land in between Belvedere and the road entering ECP is only about 60 meters. What can they built? Play soccer also have problem. Use google to do measurement lah, I didn't go there bringing measuring tape...:)

DW
20-09-08, 22:13
Dear DW,

Maybe you should ask yourself whether the small plot of land beside belvedere big enough to build a condo?:)

Dear CX,
Thanks for your reply. This is something which I will have to qualify my views, being subject to further due diligence and consultation with a qualified land surveyor or architect as this is outside my area of expertise.

Based on the Master Plan 2008 on the website, it appears to me the plot (it is one continuous L-shape plot completely flanking, in what seems to be Belvedere plot of land) of land next to Belvedere is approximately 2 times the size of what appears to be the plan occupied by Belvedere. A quick cross-comparison of the plot length and width seems to make it quite comparable with Belvedere along both arms of the L-shape.

Seems like it is possible to develop something there?? Any other views ?

BENTLY
20-09-08, 22:17
The land in between Belvedere and the road entering ECP is only about 60 meters. What can they built? Play soccer also have problem. Use google to do measurement lah, I didn't go there bringing measuring tape...:)

My fren, 60m is very wide liao, about 10 terrace houses frontage.

DW
20-09-08, 22:31
The land in between Belvedere and the road entering ECP is only about 60 meters. What can they built? Play soccer also have problem. Use google to do measurement lah, I didn't go there bringing measuring tape...:) Dear Joe,
Thanks for your google maps picture and that has been very helpful.

When I saw your google map, I cannot help but to also compare what was marked (yellow line) in your map against the development area of Belvedere. It could be that I am missing or misreading your map, but it appears to me the width or area taken up by Belvedere is comparable with

(i) the empty plot of land infront of Belvedere, and
(ii) the plot of land immediate west of Belvedere

I am not an expert in land survey and I would like to qualify my observations here being subject to further comments or inputs from such other expert opinions. I believe the google map is consistent with what is depicted in the Master Plan 2008 on the website and this is a good starting point for me (or us, to whomever might be interested in this specific topic of discussion). Belvedere has 7 stacks, two of which is facing the sea perpendicularly, and the other 5 are facing with a slant towards the sea.

If my reading of the Master Plan 2008 is correctly, and based on the visual approximation/comparison of Belvedere's plot against the plot next to it, it seems like buildings can be built along BOTH arms of the L-shape (the goggle map marking only show one arm of the L-shape parcel, I believe the other arm of the L-shape would also flank/block Belvedere's sea/city view completely) parcel which is sitting adjacent to Belvedere, which might potentially completely block Belvedere?

Or am I missing/misunderstanding something here. Grateful for more views and inputs.

C X
20-09-08, 22:32
Dear CX,
Thanks for your reply. This is something which I will have to qualify my views, being subject to further due diligence and consultation with a qualified land surveyor or architect as this is outside my area of expertise.

Based on the Master Plan 2008 on the website, it appears to me the plot (it is one continuous L-shape plot completely flanking, in what seems to be Belvedere plot of land) of land next to Belvedere is approximately 2 times the size of what appears to be the plan occupied by Belvedere. A quick cross-comparison of the plot length and width seems to make it quite comparable with Belvedere along both arms of the L-shape.

Seems like it is possible to develop something there?? Any other views ?


Hi DW,

It might happen as im not an expert in this..before i bought belvedere,i have check with my friend that work in URA n see if there's any projects coming up that will block my high floor seaview,according from him,he says NO..Even if the plot of land which is bigger than belvedere really build a high floor condo,i won't blame him as well coz im very happy staying here now..:)

BENTLY
20-09-08, 22:36
Dear CX,
Thanks for your reply. This is something which I will have to qualify my views, being subject to further due diligence and consultation with a qualified land surveyor or architect as this is outside my area of expertise.

Based on the Master Plan 2008 on the website, it appears to me the plot (it is one continuous L-shape plot completely flanking, in what seems to be Belvedere plot of land) of land next to Belvedere is approximately 2 times the size of what appears to be the plan occupied by Belvedere. A quick cross-comparison of the plot length and width seems to make it quite comparable with Belvedere along both arms of the L-shape.

Seems like it is possible to develop something there?? Any other views ?

Given that the plot is bigger than bel., the development will be much bigger than bel. and also since the plot with lenght fronting expressway
cannot be built in any other way 'cos of buffer set back from expressway'
the main building will be concentrate in the middle portion of the land, thus pushing up the development to as high as 36 storey allowed. therefor e the next development will definitely be higher than bel. and surely this future development, if have, will be the best development in whole of east coast with no blockage from front and city view. my thought, u says?

Joe6816
20-09-08, 22:40
My fren, 60m is very wide liao, about 10 terrace houses frontage.


true. The cheapest unit will be the one just 2 meter next to the road. Early bird can still get 20% more discount.

BENTLY
20-09-08, 22:46
true. The cheapest unit will be the one just 2 meter next to the road. Early bird can still get 20% more discount.

In condo development, u cant build very next to the road but u can built in the very extreme away from the road n push up ur building as high as allowed. the rest of the land fronting will be built for facilities.

DW
20-09-08, 22:57
true. The cheapest unit will be the one just 2 meter next to the road. Early bird can still get 20% more discount.

Dear Joe,
Thanks for your input and insight. That has been helpful.

I noted the Master Plan 2008 is a scaled drawing. My visual comparison of the Width (i.e. Belvedere's plot being a rectangular plot, the shorter sides being referred to as "Wdth" and the longer side of the plot being referred to as "Length" herein) do compares with the dimension of the plot of land immediately fronting Belvedere (the "Blocking Plot") towards the sea.

If my observation of the above is correct, it appears it might be possible to build something in those dimension without having to be 2 meters from the road. This observation stems from my recent visit to Belvedere. I believe Belvedere's development have quite a far bit of space from the units to the boundary of its plot of land. I was just wondering

(i) if Belvedere can manage to build units within that plot of land with that dimension, and yet allowing their units to enjoy such certain space from their windows to the boundary of their parcel perimeter, and
(ii) it appears the Belvedere's land plot's Width is comparable with the Blocking Plot's Width

perhaps the proposed future development in the Blocking Plot may not have to be 2 meters from the expressway. Again, this is enitrely based on my layout observation of the Master Plan 2008, and recent visitation to Belvedere. Any experts in land surveys of property development inputs will be grateful.

Granted that Belvedere development has 7 stacks and only 2-3 stacks are facing perpendicular to the sea. The other 4-5 stacks may not be entirely blocked by the portion of the Blocking Plot that is direct facing the sea ("Blocking Plot Sea Facing Arm").

I further observe the Blocking Plot has two arms, forming an L-shape. The other arm of the L-shape ("Blocking Plot City Facing Arm") is perpendicular to the Blocking Plot Sea Facing Arm, flanking the other 4-5 stacks of Belvedere not facing the sea. If this Blocking Plot City Facing Arm (which on the Master Plan 2008 is a even larger plot of land than Belvedere), this will completely block off all units in Belvedere ??

Any ideas ??

Joe6816
20-09-08, 23:25
Dear Joe,
Thanks for your input and insight. That has been helpful.

I noted the Master Plan 2008 is a scaled drawing. My visual comparison of the Width (i.e. Belvedere's plot being a rectangular plot, the shorter sides being referred to as "Wdth" and the longer side of the plot being referred to as "Length" herein) do compares with the dimension of the plot of land immediately fronting Belvedere (the "Blocking Plot") towards the sea.

If my observation of the above is correct, it appears it might be possible to build something in those dimension without having to be 2 meters from the road. This observation stems from my recent visit to Belvedere. I believe Belvedere's development have quite a far bit of space from the units to the boundary of its plot of land. I was just wondering

(i) if Belvedere can manage to build units within that plot of land with that dimension, and yet allowing their units to enjoy such certain space from their windows to the boundary of their parcel perimeter, and
(ii) it appears the Belvedere's land plot's Width is comparable with the Blocking Plot's Width

perhaps the proposed future development in the Blocking Plot may not have to be 2 meters from the expressway. Again, this is enitrely based on my layout observation of the Master Plan 2008, and recent visitation to Belvedere. Any experts in land surveys of property development inputs will be grateful.

Granted that Belvedere development has 7 stacks and only 2-3 stacks are facing perpendicular to the sea. The other 4-5 stacks may not be entirely blocked by the portion of the Blocking Plot that is direct facing the sea ("Blocking Plot Sea Facing Arm").

I further observe the Blocking Plot has two arms, forming an L-shape. The other arm of the L-shape ("Blocking Plot City Facing Arm") is perpendicular to the Blocking Plot Sea Facing Arm, flanking the other 4-5 stacks of Belvedere not facing the sea. If this Blocking Plot City Facing Arm (which on the Master Plan 2008 is a even larger plot of land than Belvedere), this will completely block off all units in Belvedere ??

Any ideas ??

Till now nothing is mentioned on that plot of land. BUT we can't rule out the possibility of something being built there in the future.

DW
20-09-08, 23:43
Till now nothing is mentioned on that plot of land. BUT we can't rule out the possibility of something being built there in the future.

Dear all,
Thanks for your input and inputs thus far. Any further inputs, and preferably from expert persons in respect of the various issues, will be most welcome.

On a side note, wonder if any of the active market players (i.e. agents, serial property investors...etc) can provide an opinion if the current price of Belvedere has priced in the below consideration??

Given property market is entirely a perfectly competitive and efficient market (as compared to stock market as the true investment theorist always argue that current stock prices always factored in all available information, at the point in time, in the stock price), I am not sure if the price already factors this consideration, to in the worse case, I am not sure if the wider public is actually aware of this (I hope this is not the case, being so, would mean the property is currently mis-priced?).

Any thoughts?

SLA_Are_Gd
21-09-08, 00:28
Land is very very precious in Singapore. You can rest assured that SLA, URA are going to make use of very inch of usable land. Esp those with seafront or sea view !

DW
21-09-08, 00:46
Land is very very precious in Singapore. You can rest assured that SLA, URA are going to make use of very inch of usable land. Esp those with seafront or sea view !

What does this mean for Belvedere??
Any ideas if the current price of Belvedere have already priced in this consideration / information ?

Of the 3 owners and 5 agents whom I have spoken with, most are not aware of this plot of land in front of Belvedere being "developable" land. Two of owners made very firm statements that they have received very clear representations during the launch that these plots of land are part of the park and in no way, would be developed in the future.

Petmail
21-09-08, 03:25
we cannot deny the fact that the architectural design are so wonderful that almost everthing can be possible. so there may still be chance where a residential tower may be build there especially so if you take a close look at Fortredale along fort road or it could probably just simply be the actual site the condo facilities are situated. Just my 2 cents!

Cheers!
:)
Pet

DW
21-09-08, 03:30
we cannot deny the fact that the architectural design are so wonderful that almost everthing can be possible. so there may still be chance where a residential tower may be build there especially so if you take a close look at Fortredale along fort road or it could probably just simply be the actual site the condo facilities are situated. Just my 2 cents!

Cheers!
:)
Pet

Dear Petmail,
Thanks for your response. I could be misreading/not understanding your response correctly.

If you are responding to my query below, please could you kindly elaborate on your response in respect of my query ? Thanks!

DW
21-09-08, 12:04
Dear all,
I am cross-posting an extract of an existing discussion in another thread, also discussing on Belvedere in the midst of the recent circulated attachment on Belvedere. For those whom might be interested and also welcome any inputs or views on the same.


Hi there DW, seems like you are pretty right. however I feel that any future development on that particular plot of land is definitely not an immediate issue as most of the time it will take at least 5-10 years before URA will release the land for sale while keeping it under the stateland control till such time. Just my 2 cents worth!

:)
Pet


Dear Pet,
Thanks for your message and input.

You have made a valid comment which set me thinking how best to approach the valuation of the Belvedere property. Here are some of my views:- It appears to me,

1. views on property market tend to be like the stock market, a leading indicator of the economy. More often than not, the perception of the value of the property by the buyers reflects their view on the future cashflow/value which the property is likely to promise;

2. property market is similar to a stock market, in that ideally, it should factor in all the information available to the market place - that is, in an efficient market price reflects all the information available and KNOWN to each participants at that point in time; save for the property market being more illiquid than stock markets in general - one may argue a property market is not as efficient as stock market resulting in what we sometimes observe as pricing latency.

3. The view available to a particular property affects its price. If the view available to a property is adversely affected/blocked or changed, the value of the property will be depressed.


If my above proposed hypothesis of the property market is correct, it would then seem to be the price of Belvedere should, rationally, price in the information and prospect of being completely blocked. In my mind, I envisage Belvedere's value to be split into two phase over time

Phase 1: From now to the time URA officially announces their intention to put up the plot of land infront for sale ("Event 1"); and
Phase 2: From end of Phase 1 to the time a developer have successful purchased that plot of land ("Event 2").


I believe we are now in Phase 1. To my view, this is in effect Belvedere issuing an "option" to the property market to exercise a depression of its price, when Event 1 occur. Belvedere has in effect issued a call "option" to the general public, in that, subject to URA executing Event 1 - their price will fall in such time in the future. This "option" did not come in free, the price of the property should have been rightly been factored at the time the information was available to the public - in this case, during the project launch years back (the land parcel demarcation was already known back then during launch). I am not sure if the market have already priced this information in their purchase back then. If they did, they should have purchased Belvedere cheaper than other similar properties with the possibility of being blocked in the future.

If the current buyers have bought it at a discount during the launch compared to similar projects, (which I understand is the case) and now is trying to sell at a similar price as with neightbouring similarly priced properties, I think this is a case of an quasi-arbitrage, simply because the current buyers community is not aware of this information - this points to me the seller is not pricing it fairly/right now.

When Event 2 happen, price drop would be a foregone conclusion and it will not be necessary for us to outline the obvious here.

Back to your comment, I tend to think the value and indirectly (note : I make a difference between value and price, they being not always the same) the price of the property is not only affected by what will happen in the near term as the market should always factor in all the available information at this time, to price it correctly. If the public/universe of potential Belvedere buyers is NOT aware of such potential completely blockage in future, the price now probably does not reflect such information as I have presented in the earlier paragraph above.

My view is, the value of Belvedere now should rightly price in such future possibility (perhaps discounted by a factor of time, at best) as the property has in effect granted an "option" and that "option" did not come free - it came at a cost to the owners of Belvedere whom will be selling the property in future, even though the prospect of it being developed in the next few years may appear to be slim. Again, I understand the owners of Belvedere appears to have got the project relatively cheaper back then.

As we would have observed by now, we are dealing with the possibility/probablility and chances of development of the plot of land blocking Belvedere. If issues of probability in the time horizon are involved, it is then even more evident that the price of Belvedere should be no different from option pricing model - having Belvedere issued an option to the general public for future price depression.

It seems to be most buyers or even owners are not aware of the plot of land infront of Belvedere could potentially be developed into another condominum and thereby potentially completely blocking its view (and consequently, as a result of Event 2, driving Belvedere's prices to what I believe would be substantially below current levels). If my postulation is correct, Belvedere is probably mispriced now simply due to an apparent ignorance by buyers, which unfairly caused them to price it at a level which they may not consider to pay for, if they are made aware of such potential blockage and undeveloped land parcel in front of Belvedere.

My questions are:-
1. Is the information on the flanking land parcels which will potentially and completely block off Belvedere's view already factored in the current price levels (I understand most owners/agents and buyers are not aware of this yet!)?
2. If no to Q1 above, does this mean Belvedere is currently mis-priced ?

Grateful for any views on the above will be most appreciated.

C X
21-09-08, 13:05
Hi DW,

The L-Shape in the master plan never show the plot ratio..care to elaborate more? The plot ratio of 2.8 is that big plot of land..

http://www.ura.gov.sg/dmp08/map.jsf?goToRegion=SIN#

Sorry im not an expert in land..:)


Thanks

DW
21-09-08, 13:22
Hi DW,

The L-Shape in the master plan never show the plot ratio..care to elaborate more? The plot ratio of 2.8 is that big plot of land..

http://www.ura.gov.sg/dmp08/map.jsf?goToRegion=SIN# (http://forums.condosingapore.com/)

Sorry im not an expert in land..:)


Thanks
Dear CX,
Thanks for your post. The link you have provided is a JSP link and apparently, does not direct me to the Meyer Road stretch. I have attached a screenshot of the Meyer Road stretch plot ratio marking as provided in the Master Plan 2008 URA website. See attached.

I am not a land surveyor expert and ideally, I would like to have URA to mark each and every plot of land's plot ratio - but it appears that URA is not doing that. I refer to the attachment.

The entire stretch of land bounded by Fort Road, Meyer, ECP and Peach Garden road has 12 plots of land which size appears to be usable for development - the L-shape plot being one of them. The plot of land marked as green, refered as part of the National Parks is not counted in the aforesaid 12 plots. In the Master Plan 2008, URA have assigned a 2.8 plot ratio marking on the 7th plot, counting from the left. It is then clear and without doubt this plot should have a ratio of 2.8.

We then observed, URA appears not to make any marking on the remaining 11 plots of land - I then draw the inference that it is perhaps a convention of URA that they do not mark each and every plot of land's plot ratio in the same group on the Master Plan 2008 (if they do, it will probably be very cluttered). From a logical and practical point of view, it would also be appropriate and reasonable if the plot ratio for land plots within the same group/area be the same.

I then extend my observations to a larger area, the entire east coast area. Further, I observe plot ratio markings convention in Northern, Western and the rest of the Singapore. Land plots do not have their each and individual plot ratios marked on the Master Plan 2008. It is observed that areas bounded by similar roads, in neighbouring areas, have only one plot ratio number assigned to the entire group of land plots in that area (bounded by some common roads or facilities/amenities perimeter).

From my layman observation and inference, it appears logical to me that the plot of land blocking Belvedere would share the same plot ratio as Belvedere (which, by the way is also not marked or indicated on the URA Master Plan 2008), which is reflected as 2.8 as described above.

Any views ? or am I missing something ??

DW
21-09-08, 15:23
Dear all,
Thank you for your inputs and various point of view in respect of the foregoing discussion below.

I am taking a slight departure from the argument of Value to Price (note that these may not necessarily be the same, save for the case of a perfectly competitive and efficient market, which will be rather unusual for property markets in general).

In this respect, I would be grateful if anyone can provide the REALIS print outs of the Belvedere transacted prices from as early as launch prices to the most recent transacted prices.

I believe we can bring forward our analysis a step further with grounded actual transacted data from URA, if these can be made available.

Thanks in advance!

Petmail
21-09-08, 18:25
Dear all, the plot ratio determines the building storey height restriction of the development and usually the same within that specific area. 2.8 plot ratio gives you a max of 36storey.

Owen
21-09-08, 21:38
Dear all,
Thank you for your inputs and various point of view in respect of the foregoing discussion below.

I am taking a slight departure from the argument of Value to Price (note that these may not necessarily be the same, save for the case of a perfectly competitive and efficient market, which will be rather unusual for property markets in general).

In this respect, I would be grateful if anyone can provide the REALIS print outs of the Belvedere transacted prices from as early as launch prices to the most recent transacted prices.

I believe we can bring forward our analysis a step further with grounded actual transacted data from URA, if these can be made available.

Thanks in advance!

To make it simpler,if you think price is too high now,don't buy then.Many areas have high plot ratio but all left untouched for years..Feel scared,don't buy.

DW
21-09-08, 22:02
To make it simpler,if you think price is too high now,don't buy then.Many areas have high plot ratio but all left untouched for years..Feel scared,don't buy.

Dear Owen,
Thank you for your reply and grateful for your insightful analysis.
Noted with thanks!

recession
22-09-08, 08:37
Whoo hoo!!!!!!!!!!! Thaman says that SG will go into technical reccession soon!!!!!!!!!!!

T. Shanmugaratnam
22-09-08, 09:46
Whoo hoo!!!!!!!!!!! Thaman says that SG will go into technical reccession soon!!!!!!!!!!!
It is wrong of you to misquote me. Please be a responsible netizen.

I said "it is possible". I did not say "it will" or "it will soon".

I did say "it is too early to make a prediction and much depends on developments in the U.S.".

Truth
23-09-08, 11:14
Please do not attempt to play with words.. Be truthful.. Be honest.. Be responsible for what you said !

Real Estate Pundit
24-09-08, 15:31
No new caveats lodged for Belvedere for contract date between 19Aug2008 to 12Sept2008

13-0X__1012__1325__$1,340,900___18Aug08
22-0X__1259__1200__$1,510,800___15Aug08
16-0X__1302__1267__$1,650,000___31Jul08
17-0X__1238__1260__$1,559,880___01Jul08
05-0X__1378__1200__$1,653,600___09Jun08
22-0X__1367__1430__$1,954,810___05Jun08

DW
24-09-08, 22:25
No new caveats lodged for Belvedere for contract date between 19Aug2008 to 12Sept2008

13-0X__1012__1325__$1,340,900___18Aug08
22-0X__1259__1200__$1,510,800___15Aug08
16-0X__1302__1267__$1,650,000___31Jul08
17-0X__1238__1260__$1,559,880___01Jul08
05-0X__1378__1200__$1,653,600___09Jun08
22-0X__1367__1430__$1,954,810___05Jun08

Dear Pundit,
I was hoping that you would have access to REALIS for provision of the initial launch sale prices as well. Whilst the data provided are pretty recent, unfortunately, it would not be able to present a statistical analysis with the level of significance that is robust enough to form an opinion/assessment. The above data can be considered as gaussian in the grand scheme of things and would not substantial as statistically significant. Nonetheless, its very useful to know.

If you have access to REALIS, grateful if you can provide the original caveats launched from the original launch, up to and including those most recently transacted ones as well. That will be helpful. Thanks!

KG
24-09-08, 23:16
Dear Pundit,
I was hoping that you would have access to REALIS for provision of the initial launch sale prices as well. Whilst the data provided are pretty recent, unfortunately, it would not be able to present a statistical analysis with the level of significance that is robust enough to form an opinion/assessment. The above data can be considered as gaussian in the grand scheme of things and would not substantial as statistically significant. Nonetheless, its very useful to know.

If you have access to REALIS, grateful if you can provide the original caveats launched from the original launch, up to and including those most recently transacted ones as well. That will be helpful. Thanks!

Hope your neck won't grow longer n longer for the launching price..

DW
24-09-08, 23:38
Hope your neck won't grow longer n longer for the launching price..
Dear KG,
Thank you for your reply.

I refer to my request for launch prices information which I am inclined to think the intention of such request remains clear, to the extent these launch price information are available, it was sought with a view to provide the basis as the starting point for statistical analysis and testing for significance.

The information requested is certainly available in the data sources of REALIS and I tend to believe such launching price data do exist, subject to persons who have the access to such data.

Your reply appears to suggest such certain member group, which perhaps includes but not limited to myself, is expecting prices to fall to levels as of launch price level; and subject to the presumption herein is correct, it remains, however, unclear to me which part of my earlier response seems to motivate the same.

Thank you for your contribution for which they certainly has been very insightful and an excellent depth of analysis, backed by detailed substantiation and useful facts. That has been most helpful.
Cheers!!

Real Estate Pundit
25-09-08, 10:58
DW, are you a lawyer by profession?



Dear KG,
Thank you for your reply.

I refer to my request for launch prices information which I am inclined to think the intention of such request remains clear, to the extent these launch price information are available, it was sought with a view to provide the basis as the starting point for statistical analysis and testing for significance.

The information requested is certainly available in the data sources of REALIS and I tend to believe such launching price data do exist, subject to persons who have the access to such data.

Your reply appears to suggest such certain member group, which perhaps includes but not limited to myself, is expecting prices to fall to levels as of launch price level; and subject to the presumption herein is correct, it remains, however, unclear to me which part of my earlier response seems to motivate the same.

Thank you for your contribution for which they certainly has been very insightful and an excellent depth of analysis, backed by detailed substantiation and useful facts. That has been most helpful.
Cheers!!

Cass
25-09-08, 11:58
DW, are you a lawyer by profession?
He's a cheap buyer looking for cheap gains only.

C.X
25-09-08, 12:06
DW, are you a lawyer by profession?

His English so good & powerful..:cheers6:

Joe6816
25-09-08, 12:08
His English so good & powerful..:cheers6:


Ha, bro you are back now as C.X:)

C.X
25-09-08, 12:11
Ha, bro you are back now as C.X:)

yes..Got problems logging in from the previous nick for the past few weeks & gotta register with C.X but i still got problems logging in last night @ home..how's your sales man?:cheers6:

C.X
25-09-08, 12:18
Dear KG,
Thank you for your reply.

I refer to my request for launch prices information which I am inclined to think the intention of such request remains clear, to the extent these launch price information are available, it was sought with a view to provide the basis as the starting point for statistical analysis and testing for significance.

The information requested is certainly available in the data sources of REALIS and I tend to believe such launching price data do exist, subject to persons who have the access to such data.

Your reply appears to suggest such certain member group, which perhaps includes but not limited to myself, is expecting prices to fall to levels as of launch price level; and subject to the presumption herein is correct, it remains, however, unclear to me which part of my earlier response seems to motivate the same.

Thank you for your contribution for which they certainly has been very insightful and an excellent depth of analysis, backed by detailed substantiation and useful facts. That has been most helpful.
Cheers!!

Hi DW,

The market price for Belvedere is about $1***+ psf..depends on stack & level of that unit..as for very high unit,market price range from $1350-$1400++psf..Overall it depends on the seller how much profit he/she wanna make from there..;) How to see you in Belvedere as a neighbour..lol:)

Joe6816
25-09-08, 12:19
yes..Got problems logging in from the previous nick for the past few weeks & gotta register with C.X but i still got problems logging in last night @ home..how's your sales man?:cheers6:


Can't tell you too much here about my sale. If not some sour grapes reply non stop again. haha. SO course must close deal, if not how to put food on the table. There are lots of buyers out there, not just 1. :)

C.X
25-09-08, 12:23
Can't tell you too much here about my sale. If not some sour grapes reply non stop again. haha. SO course must close deal, if not how to put food on the table. There are lots of buyers out there, not just 1. :)

True..but market is very slow & quiet,this year can see more locals buying private property in D15..:) every forums sure got sour grapes as usual..:sleep:

Joe6816
25-09-08, 12:33
Hi DW,

The market price for Belvedere is about $1***+ psf..depends on stack & level of that unit..as for very high unit,market price range from $1350-$1400++psf..Overall it depends on the seller how much profit he/she wanna make from there..;) How to see you in Belvedere as a neighbour..lol:)


All depends on the stack and level, stack 1,2,3 high floor are the premier. Btw, C.X told me before, some of the units there are still vacant. Is it still the same now?

C.X
25-09-08, 12:38
All depends on the stack and level, stack 1,2,3 high floor are the premier. Btw, C.X told me before, some of the units there are still vacant. Is it still the same now?


Alot of units still vacant now,maybe some owner is rich & wanna leave it vacant..:D just my personal opinion..Stack 1,2,3 can hear loud noise coming from the ECP highway..:tongue3:

Joe6816
25-09-08, 12:55
Alot of units still vacant now,maybe some owner is rich & wanna leave it vacant..:D just my personal opinion..Stack 1,2,3 can hear loud noise coming from the ECP highway..:tongue3:


Agree the road noise, same like Costa Del Sol. But these 3 stack is direct seaview.

C.X
25-09-08, 13:16
Agree the road noise, same like Costa Del Sol. But these 3 stack is direct seaview.

Stack 4,5 & 6 High Floor 18 storey onwards also can see direct seaview but less noise coming from the highway;)

Nelli
25-09-08, 14:10
Agree the road noise, same like Costa Del Sol. But these 3 stack is direct seaview.

But stack one is terrible..Tennis court is directly below.. N sea view is only for those very high floor.

C.X
25-09-08, 20:15
But stack one is terrible..Tennis court is directly below.. N sea view is only for those very high floor.

You're right Nelli..Imho,low floor for stack 1 is really terrible.no seaview for the low floor,noise from the tennis court & highway:doh: Infact high floor will be more noisy as compare to the low floor as noise travel up high..:)

DW
25-09-08, 23:56
He's a cheap buyer looking for cheap gains only.

Dear Cass,
Thanks for your reply and your attempt at a very well substantiated analysis and opinion. You have provide great insights and also substantiated your view of my intent with solid basis and well grounded arguments for which I can only acclaim you seems to be an professional in your case presented therein.

Unfortunately, I beg to differ from your reading, if I may. My primary intention has always been focused on valuation of Belvedere and if market dynamics have indeed priced the property herein as what we would expect an efficient market to do. My views remains factual and supported by quoted references and, as the case may be suitable, I try to provide attachments, in hope of providing a more illustrative, backed by grounded evidence and hopefully substantiated discussion.

To the extent I can best help it, I try to avoid putting hand waving statements, unjustified and unsubstantiated claims or opinions as doing so would only contradiction my intentions and much less to say, says a lot of the actual thought process that actually went within; a characteristic which I do not desire.

This, I must congratulate and appraise you; for you clearly do not fall within this category of wandering minds and your remarkably well-supported opinion above puts you clearly way ahead of the many average being, me included.

I hope to contribute to this forum by providing fruitful discussions, with a view to achieving a sound and reasoned assessment. I apologise for the anguish and desperation for those whom appears to misunderstand my intents, to whom I can understand why certain response invited often generate more heat than light.

To the extent I can understand the exaperation and unrest in these selected group, I offer my sincerest apologies, once again, on the same to whomever I might have offended.

Joe6816
26-09-08, 00:04
Dear Cass,
Thanks for your reply and your attempt at a very well substantiated analysis and opinion. You have provide great insights and also substantiated your view of my intent with solid basis and well grounded arguments for which I can only acclaim you seems to be an professional in your case presented therein.

Unfortunately, I beg to differ from your reading, if I may. My primary intention has always been focused on valuation of Belvedere and if market dynamics have indeed priced the property herein as what we would expect an efficient market to do. My views remains factual and supported by quoted references and, as the case may be suitable, I try to provide attachments, in hope of providing a more illustrative, backed by grounded evidence and hopefully substantiated discussion.

To the extent I can best help it, I try to avoid putting hand waving statements, unjustified and unsubstantiated claims or opinions as doing so would only contradiction my intentions and much less to say, says a lot of the actual thought process that actually went within; a characteristic which I do not desire.

This, I must congratulate and appraise you; for you clearly do not fall within this category of wandering minds and your remarkably well-supported opinion above puts you clearly way ahead of the many average being, me included.

I hope to contribute to this forum by providing fruitful discussions, with a view to achieving a sound and reasoned assessment. I apologise for the anguish and desperation for those whom appears to misunderstand my intents, to whom I can understand why certain response invited often generate more heat than light.

To the extent I can understand the exaperation and unrest in these selected group, I offer my sincerest apologies, once again, on the same to whomever I might have offended.
:cheers1: :cheers1: :cheers1:

Real Estate Pundit
29-09-08, 17:31
No new caveats lodged for Belvedere for contract date between 19Aug2008 to 19Sept2008

13-0X__1012__1325__$1,340,900___18Aug08
22-0X__1259__1200__$1,510,800___15Aug08
16-0X__1302__1267__$1,650,000___31Jul08
17-0X__1238__1260__$1,559,880___01Jul08
05-0X__1378__1200__$1,653,600___09Jun08
22-0X__1367__1430__$1,954,810___05Jun08

DW
30-09-08, 00:03
No new caveats lodged for Belvedere for contract date between 19Aug2008 to 19Sept2008

13-0X__1012__1325__$1,340,900___18Aug08
22-0X__1259__1200__$1,510,800___15Aug08
16-0X__1302__1267__$1,650,000___31Jul08
17-0X__1238__1260__$1,559,880___01Jul08
05-0X__1378__1200__$1,653,600___09Jun08
22-0X__1367__1430__$1,954,810___05Jun08

Hi Real Estate Pundit,
Thanks for the information.
Any chance you can reveal the stack as well ?
I am inclined to think the stack would be one of the load factors in its price correlation, though qualified to the extent, such information is available and is supportive of the same.

C.X
30-09-08, 00:41
Hi Real Estate Pundit,
Thanks for the information.
Any chance you can reveal the stack as well ?
I am inclined to think the stack would be one of the load factors in its price correlation, though qualified to the extent, such information is available and is supportive of the same.

DW,

No Hard Feelings..:) The reason why Real Estate Pundit never reveal out which stack etc.it's sort of confidential..i really don't understand why you wanna know which stack since he aready indicate which level..does it really matter so much to you on which stack?i suggest you arrange with an agent n view all different stack of low n high floor,feel it yourself n ask yourself how much it's worth psf for low n high floor rather than asking him to post out which stack..:2cents:

reccession
30-09-08, 01:01
If most of the owners in Belvedere have the holding power,don't expect to get the price of less than $1000psf although we are going into reccession soon..

No recession
30-09-08, 06:59
If most of the owners in Belvedere have the holding power,don't expect to get the price of less than $1000psf although we are going into reccession soon..


Told everyone already, Rich man don't care about recession or going into a recession.

Cheap Agent
30-09-08, 10:16
DW,

No Hard Feelings..:) The reason why Real Estate Pundit never reveal out which stack etc.it's sort of confidential..i really don't understand why you wanna know which stack since he aready indicate which level..does it really matter so much to you on which stack?i suggest you arrange with an agent n view all different stack of low n high floor,feel it yourself n ask yourself how much it's worth psf for low n high floor rather than asking him to post out which stack..:2cents:


He's just another cheap agent. Ask agent joe to employ him lah. he will make it to VP of Cheap agent pte ltd. haha.

Cheap Buyer
01-10-08, 11:42
He's just another cheap agent. Ask agent joe to employ him lah. he will make it to VP of Cheap agent pte ltd. haha.

He's A CHEAP BUYER looking for CHEAP BUY from D5-D15..

DW
01-10-08, 14:58
He's A CHEAP BUYER looking for CHEAP BUY from D5-D15..
Dear Cheap Agent and Cheap Buyer,
I mean no offense nor any insinuating intentions to refer you to the above, but, simply out of respect of the name and address which you have decided what is right apt and appropriate for your goodself.

I must applaud you for your remarkably intelligent, well-thought out, clearly presented ideas and argument substantiating your comments herein.

I enjoy the conversations here in this forum, particularly with intellect individuals like your goodself, often sharing highly reasoned comments rooted with solid arguments. Your laudable contributions have proven to belong to an highly intellectual, sophisticatedly well reasoned, almost always without fail, support your claims and views on grounded observations, facts in a most constructive manner. Your contribution clearly stands out from those whom comes in the forums with the intent of making (in the likes of annoying flies whom would probably swing by your ears only sufficient to make annoyance to one on a hot outdoor afternoon and often wondered if these pests do have any meanings in life or constructive role in environment you work in. Having said this, flies do have a role in the food chain and perhaps by the grace of nature, annoyance and apparent silly ignorance, much to the fact their primary motive appears to be buzzing around the community which it operates in itself is an role) nuisance and non-constructive discussions, reflecting the frustrations and inadequate reconciliation within their inner selves coping with an argument which they cannot stand up to (refer to Inadequately Frustrated below).

Bringing this point forward, I should perhaps highlight how impactful and different your contribution has been as compared to perhaps another group of contributors whom comes in,
(i) one-liners and
(ii) glaringly accusatory statements but unsubstantiated,
(iii) often hidding behind anonymous identities for the avoidance responsibility for the comments they have made,

whom I can only make certain guess of their intentions and, most importantly, but sadly their thought process incapability in articulation.

Pleaes do not get me wrong as it is not the intention of any persons herein and certainly not my intention, to downplay or downcast such contributions/persons or such perceived and what appears to be a lacking in articulation (capability) to a specific accusation. I can understand their frustrations within themselves, and their inadequacy and thus leading to such socially intolerant behaviour. It is not unusual when one is not able to reason or form a cohesive argument for their case, particularly when knowing the end appears to be near for their stand and stance (which might also explain the reason, they would often avoid being identified, in what they already know themselves to be a futile struggle and fight they have to put up themselves but not knowing how to defend the same)-its at times, a form of defence mechanism and almost comes in the following fashion:-

1. Make glaring statements about a certain view
2. Not able to substantiate or support such views
3. For avoidance of responsibility, one would also often try to "hide" behind the veil of anonymity, without specific recognition or ability to identify to itself (i.e. by means of anonymous login)
4. Guerrilla tactics (hitting and hiding away, again, almost most effective when deployed in connection with Pt. 1,2 and 3 above).

Again, I applause you for your superior contributions to this forum for which you clearly do not belong to the above category ("Inadequately Frustrated").

So, what is the point of my writing in so far as is in concerned with this forum?

I have observed there are varied groups of people and persons, as one would certainly unsurprisingly expect. Whilst the primary intention (as far as I am aware of) is to share views and thoughts on a certain property, they do come in various guises, which is not particularly out of line or completely malicious in nature. Perhaps at this juncture, I would like to clarify as a matter of record, I am not an agent by profession (someone else has asked the same question on my profession in such relevant thread which I have contributed on the same). Whilst agents may, to some extent but not always the case, have such relevant vested interest as certain persons may have deemed them to be, their contributions and provision of information have also benefitted many in the forum. For those keenly interested ones amongst us, certainly should not deny that.

In my own opinion, we should try to embrace the diversity of forrummers in this community and even certainly more so for the Inadequately Frustrated (which brings me to the next point). Again, I stress my intention is to not to outcast and ostracise the Inadequately Frustrated.

In fact, I urge everyone in our community herein to be more tolerant, patient and supportive towards our fellow Inadequately Frustrated forummers. They are probably undergoing tremendous stress and inner reconciliation with themselves. Think about your school days or child's day at school: there are days where certain child whom lapses on certain discussion or argument or not being able to get things the way they want -> they jumped into a string of unreasonable and unreasoned behaviours but at the same time also tried to hide and distance itself from such illogical behaviours. This is a defence mechanism particularly, when one understands its futile to fight reason and its inability to persist a argument which he/she cannot stand up and would eventually fail. Children do that all the time, by the same token, some people do that too. Inadequately Frustrated do as well.

We should embrace such behaviours of Inadquately Frustrated with care and empathy. Let's all try to understand they have their inner frustrations, they have their inner difficulties which, unfortunately might never be known to others out of their inner thoughts and inner struggles. Most are in denial of such certain behaviours and continue to engage in such defence mechanisms and socially feared behaviours.

We can only pray and hope support for them will befall soon and hopefully, they will be able to spiral outwards of the vicious cycle and resume to normality in good time.

I thank Cheap Agent and Cheap Buyer for your contribution. A case in point.

Petmail
01-10-08, 18:19
Dear Cheap Agent and Cheap Buyer,
I mean no offense nor any insinuating intentions to refer you to the above, but, simply out of respect of the name and address which you have decided what is right apt and appropriate for your goodself.

I must applaud you for your remarkably intelligent, well-thought out, clearly presented ideas and argument substantiating your comments herein.

I enjoy the conversations here in this forum, particularly with intellect individuals like your goodself, often sharing highly reasoned comments rooted with solid arguments. Your laudable contributions have proven to belong to an highly intellectual, sophisticatedly well reasoned, almost always without fail, support your claims and views on grounded observations, facts in a most constructive manner. Your contribution clearly stands out from those whom comes in the forums with the intent of making (in the likes of annoying flies whom would probably swing by your ears only sufficient to make annoyance to one on a hot outdoor afternoon and often wondered if these pests do have any meanings in life or constructive role in environment you work in. Having said this, flies do have a role in the food chain and perhaps by the grace of nature, annoyance and apparent silly ignorance, much to the fact their primary motive appears to be buzzing around the community which it operates in itself is an role) nuisance and non-constructive discussions, reflecting the frustrations and inadequate reconciliation within their inner selves coping with an argument which they cannot stand up to (refer to Inadequately Frustrated below).

Bringing this point forward, I should perhaps highlight how impactful and different your contribution has been as compared to perhaps another group of contributors whom comes in,
(i) one-liners and
(ii) glaringly accusatory statements but unsubstantiated,
(iii) often hidding behind anonymous identities for the avoidance responsibility for the comments they have made,

whom I can only make certain guess of their intentions and, most importantly, but sadly their thought process incapability in articulation.

Pleaes do not get me wrong as it is not the intention of any persons herein and certainly not my intention, to downplay or downcast such contributions/persons or such perceived and what appears to be a lacking in articulation (capability) to a specific accusation. I can understand their frustrations within themselves, and their inadequacy and thus leading to such socially intolerant behaviour. It is not unusual when one is not able to reason or form a cohesive argument for their case, particularly when knowing the end appears to be near for their stand and stance (which might also explain the reason, they would often avoid being identified, in what they already know themselves to be a futile struggle and fight they have to put up themselves but not knowing how to defend the same)-its at times, a form of defence mechanism and almost comes in the following fashion:-

1. Make glaring statements about a certain view
2. Not able to substantiate or support such views
3. For avoidance of responsibility, one would also often try to "hide" behind the veil of anonymity, without specific recognition or ability to identify to itself (i.e. by means of anonymous login)
4. Guerrilla tactics (hitting and hiding away, again, almost most effective when deployed in connection with Pt. 1,2 and 3 above).

Again, I applause you for your superior contributions to this forum for which you clearly do not belong to the above category ("Inadequately Frustrated").

So, what is the point of my writing in so far as is in concerned with this forum?

I have observed there are varied groups of people and persons, as one would certainly unsurprisingly expect. Whilst the primary intention (as far as I am aware of) is to share views and thoughts on a certain property, they do come in various guises, which is not particularly out of line or completely malicious in nature. Perhaps at this juncture, I would like to clarify as a matter of record, I am not an agent by profession (someone else has asked the same question on my profession in such relevant thread which I have contributed on the same). Whilst agents may, to some extent but not always the case, have such relevant vested interest as certain persons may have deemed them to be, their contributions and provision of information have also benefitted many in the forum. For those keenly interested ones amongst us, certainly should not deny that.

In my own opinion, we should try to embrace the diversity of forrummers in this community and even certainly more so for the Inadequately Frustrated (which brings me to the next point). Again, I stress my intention is to not to outcast and ostracise the Inadequately Frustrated.

In fact, I urge everyone in our community herein to be more tolerant, patient and supportive towards our fellow Inadequately Frustrated forummers. They are probably undergoing tremendous stress and inner reconciliation with themselves. Think about your school days or child's day at school: there are days where certain child whom lapses on certain discussion or argument or not being able to get things the way they want -> they jumped into a string of unreasonable and unreasoned behaviours but at the same time also tried to hide and distance itself from such illogical behaviours. This is a defence mechanism particularly, when one understands its futile to fight reason and its inability to persist a argument which he/she cannot stand up and would eventually fail. Children do that all the time, by the same token, some people do that too. Inadequately Frustrated do as well.

We should embrace such behaviours of Inadquately Frustrated with care and empathy. Let's all try to understand they have their inner frustrations, they have their inner difficulties which, unfortunately might never be known to others out of their inner thoughts and inner struggles. Most are in denial of such certain behaviours and continue to engage in such defence mechanisms and socially feared behaviours.

We can only pray and hope support for them will befall soon and hopefully, they will be able to spiral outwards of the vicious cycle and resume to normality in good time.

I thank Cheap Agent and Cheap Buyer for your contribution. A case in point.

Good views and comments DW!

:)
Pet

DW
01-10-08, 23:01
Good views and comments DW!

:)
Pet
Dear Pet,
Thank you for your kind words.

I do feel for our fellow forummers, the Inadequately Frustrated. A number of them may be trying their best to deal with their own inadequacies and struggles within themselves, as they find it difficult to quantify their thoughts, position their arguments in a cohesive fashion. I believe they do have good intentions but perhaps due to their incapacities to do so, they often, out of frustration with themselves and their inadequacies, make comments and statements which are glaringly myopic and perhaps inappropriate.

Let's try to help them along.

It saddens me further when they continues to engage in their vicious cycles of Inadequately Frustrated behaviours, hidding behind a veil of unidentified (and often using different names, in line with what we would normally observed as an attempt to distant themselves from the seemingly unreasoned behaviours) identities in the forums.

These behaviours often transcend beyond their cyberselves and do take a toll on their social lives at large as well (subject such other nature and nurturing factors, as may be applicable. Perhaps this should be caveated, to the extent, such extension of such inadequate behaviours, would be usually be subject to various other factors and should not be, in any case taken as a generality on its own).

I pray for the best in their well-being and hope all will be well for them in time to come.

Case in point of such extended Inadequately Frustrated behaviours in other threads as follows:-
http://forums.condosingapore.com/showthread.php?p=33069

DW
03-10-08, 00:12
Dear Pet,
Thank you for your kind words.

I do feel for our fellow forummers, the Inadequately Frustrated. A number of them may be trying their best to deal with their own inadequacies and struggles within themselves, as they find it difficult to quantify their thoughts, position their arguments in a cohesive fashion. I believe they do have good intentions but perhaps due to their incapacities to do so, they often, out of frustration with themselves and their inadequacies, make comments and statements which are glaringly myopic and perhaps inappropriate.

Let's try to help them along.

It saddens me further when they continues to engage in their vicious cycles of Inadequately Frustrated behaviours, hidding behind a veil of unidentified (and often using different names, in line with what we would normally observed as an attempt to distant themselves from the seemingly unreasoned behaviours) identities in the forums.

These behaviours often transcend beyond their cyberselves and do take a toll on their social lives at large as well (subject such other nature and nurturing factors, as may be applicable. Perhaps this should be caveated, to the extent, such extension of such inadequate behaviours, would be usually be subject to various other factors and should not be, in any case taken as a generality on its own).

I pray for the best in their well-being and hope all will be well for them in time to come.

Case in point of such extended Inadequately Frustrated behaviours in other threads as follows:-
http://forums.condosingapore.com/showthread.php?p=33069
Dear all,
I have made a humble but interesting (at least to myself personally) observation and I thought I would like to share with such relevant interested parties as whom may be keen in respect of the discussion we held above.

Again, I raised this point in hope of greater understanding amongst the forummers towards the Inadequately Frustrated as I genuinely believe their, what appears to be, socially deficient behaviour is potentially something beyond their mental control and probably a result of lack of intellectual dexterity.

In our review and observation of the Inadequately Frustrated, we have previously postulated such behaviour might stem from their incapacity and weakness in articulation and expressing themselves - this made them upset and perhaps frustrated with themselves not being able to present a reasoned and well thought through argument in the face of adversity. In response - they behave beyond reason much akin to young children losing their cool and throwing their tantrums. Like most of us would be aware, logic and reason may not hold at this state.

I reproduce certain comments from such certain who appears to be Inadequately Frustrated, again typical of them to be using unidentified IDs (anonymous) as follows:-

Cass - "He's a cheap buyer looking for cheap gains only."
Cheap Buyer - "He's A CHEAP BUYER looking for CHEAP BUY from D5-D15.."
Cheap Agent - "He's just another cheap agent. Ask agent joe to employ him lah. he will make it to VP of Cheap agent pte ltd. haha."
Cheapo - "He's a cheapo with no buying power asking all round the forum..propertyhunter dun need to reply him,simply waste of time.."

The strength and depth of their vocabulary compares with that of the expanse of the ocean. Interestingly, while originated from what appears to be different forummers (different unidentified login names), they do have a common vocabulary of "cheap". Such appalling command of the language and expansive use of adjective is remarkable.

The interest lesson I drew from such different forummers but having such strikingly similar sentence of grammatical construct leads me to thoughts of their common identity. If it is indeed the same person, why might one want to use such different unidentified logins in the same forum in different threads (or even in the thread but come in at different times). Are they trying to hide? If yes, why?

I have my own porpositions but would like to hear from others as well.
Fear or shame of being identified as such specific individual? Avoidance of responsibility offered by the veil of anonymity?

Your views or inputs will be most valued.

Petmail
03-10-08, 03:46
DW,

Just ignore them about their unconstructive comment then.. no point brooding over what they had said. In this market, its always willing buyer and willing seller. they can say what they wanna but as long as you not doing the wrong things you can simply don't even need to response to them. Its a forum thus you can always bring up any issues which you might have doubts or wanna clarify. am sure sooner or later someone will just share their wise opinions with us and the rest who are interested in the topic.

Cheers!
:)
Pet

Cass
03-10-08, 12:00
Dear all,
I have made a humble but interesting (at least to myself personally) observation and I thought I would like to share with such relevant interested parties as whom may be keen in respect of the discussion we held above.

Again, I raised this point in hope of greater understanding amongst the forummers towards the Inadequately Frustrated as I genuinely believe their, what appears to be, socially deficient behaviour is potentially something beyond their mental control and probably a result of lack of intellectual dexterity.

In our review and observation of the Inadequately Frustrated, we have previously postulated such behaviour might stem from their incapacity and weakness in articulation and expressing themselves - this made them upset and perhaps frustrated with themselves not being able to present a reasoned and well thought through argument in the face of adversity. In response - they behave beyond reason much akin to young children losing their cool and throwing their tantrums. Like most of us would be aware, logic and reason may not hold at this state.

I reproduce certain comments from such certain who appears to be Inadequately Frustrated, again typical of them to be using unidentified IDs (anonymous) as follows:-

Cass - "He's a cheap buyer looking for cheap gains only."
Cheap Buyer - "He's A CHEAP BUYER looking for CHEAP BUY from D5-D15.."
Cheap Agent - "He's just another cheap agent. Ask agent joe to employ him lah. he will make it to VP of Cheap agent pte ltd. haha."
Cheapo - "He's a cheapo with no buying power asking all round the forum..propertyhunter dun need to reply him,simply waste of time.."

The strength and depth of their vocabulary compares with that of the expanse of the ocean. Interestingly, while originated from what appears to be different forummers (different unidentified login names), they do have a common vocabulary of "cheap". Such appalling command of the language and expansive use of adjective is remarkable.

The interest lesson I drew from such different forummers but having such strikingly similar sentence of grammatical construct leads me to thoughts of their common identity. If it is indeed the same person, why might one want to use such different unidentified logins in the same forum in different threads (or even in the thread but come in at different times). Are they trying to hide? If yes, why?

I have my own porpositions but would like to hear from others as well.
Fear or shame of being identified as such specific individual? Avoidance of responsibility offered by the veil of anonymity?

Your views or inputs will be most valued.

First of all,no one will be as cheap as you to ask "Questions " like that.This is a forum for everyone to discuss on various properties and not for people like you to ask for extensive details od caveats lodged since TOP,blah blah blah.The agents pay to see the lodged caveats.Do not expect them to post all caveats lodged for a particular project...Spare a thought for others.

DW
03-10-08, 13:33
First of all,no one will be as cheap as you to ask "Questions " like that.This is a forum for everyone to discuss on various properties and not for people like you to ask for extensive details od caveats lodged since TOP,blah blah blah.The agents pay to see the lodged caveats.Do not expect them to post all caveats lodged for a particular project...Spare a thought for others.
Case in point. For starters, you chose to keep to your Cass identity and thats an improvement in dealing with the inadequacy.
Congratulations. I wish you well.

Real Estate Pundit
06-10-08, 21:19
No new caveats lodged for Belvedere for contract date between 9Sep2008 to 26Sept2008

15-0X__1259__1160__$1,460,000___08Sep08 --- Just appeared
13-0X__1012__1325__$1,340,900___18Aug08
22-0X__1259__1200__$1,510,800___15Aug08
16-0X__1302__1267__$1,650,000___31Jul08
17-0X__1238__1260__$1,559,880___01Jul08
05-0X__1378__1200__$1,653,600___09Jun08
22-0X__1367__1430__$1,954,810___05Jun08

CX, this 15-0X is the same stack as yours.

C.X
06-10-08, 22:00
No new caveats lodged for Belvedere for contract date between 9Sep2008 to 26Sept2008

15-0X__1259__1160__$1,460,000___08Sep08 --- Just appeared
13-0X__1012__1325__$1,340,900___18Aug08
22-0X__1259__1200__$1,510,800___15Aug08
16-0X__1302__1267__$1,650,000___31Jul08
17-0X__1238__1260__$1,559,880___01Jul08
05-0X__1378__1200__$1,653,600___09Jun08
22-0X__1367__1430__$1,954,810___05Jun08

CX, this 15-0X is the same stack as yours.

Yes..:) i saw the caveats on friday night as well..Hope to invite you over on Nov for a coffee/tea :)

Unregistered321
06-10-08, 22:34
@@@@@@ !!!!!!!

C.X
06-10-08, 22:50
@@@@@@ !!!!!!!

What does the above mean?:)

Joe6816
07-10-08, 01:37
Yes..:) i saw the caveats on friday night as well..Hope to invite you over on Nov for a coffee/tea :)


Is yours a B5 or B5a layout.

Yup, you be asking, so late again. Haha, I been bz recently:)

C.X
07-10-08, 11:03
Is yours a B5 or B5a layout.

Yup, you be asking, so late again. Haha, I been bz recently:)

Mine is the B5a Layout:)

Joe6816
07-10-08, 12:56
Mine is the B5a Layout:)

wow, high floor

buy
07-10-08, 13:08
The problem that the world market become like that

is everyone have this constant mindset call "Fear"

haiz

Joe6816
07-10-08, 13:16
The problem that the world market become like that

is everyone have this constant mindset call "Fear"

haiz

Fear? Read today's paper: BMW new 7 series already been booked in advance.

esta_650psf
07-10-08, 15:18
Fear? Read today's paper: BMW new 7 series already been booked in advance.
so what, that only target to 7 series ppl which less impact one. for those 3 series, or non-BMW owner, or no-car ppl, of course FEAR lah. STI 2216 only today

Unreg¡stered
07-10-08, 15:47
so what, that only target to 7 series ppl which less impact one. for those 3 series, or non-BMW owner, or no-car ppl, of course FEAR lah. STI 2216 only today
Those no-car want to fear, let them fear lor!
Most important is that we go for a 6-series cos' 3-series and 7-series are ugly.
Can buy, buy. Can't buy don't buy.

C.X
07-10-08, 20:47
so what, that only target to 7 series ppl which less impact one. for those 3 series, or non-BMW owner, or no-car ppl, of course FEAR lah. STI 2216 only today

True man.The rich don't care..wanna buy,they will just buy.:2cents:

C.X
07-10-08, 22:36
wow, high floor

How about the highest floor for you?:tongue3:

Joe6816
07-10-08, 23:27
How about the highest floor for you?:tongue3:


serious? tat's my guess

buy
07-10-08, 23:41
World stock markets stabilised Tuesday despite a tumbling banking sector across Europe, as Asia pulled back from the brink on the prospect of cuts to global interest rates, dealers said.
.............

Supporter
08-10-08, 01:06
Those no-car want to fear, let them fear lor!
Most important is that we go for a 6-series cos' 3-series and 7-series are ugly.
Can buy, buy. Can't buy don't buy.
Buy buy buy!
upcoming E-class Coupe (formerly CLK-class)
upcoming S-class Coupe (formerly CL-class)

buy
08-10-08, 01:15
Buy buy buy!
upcoming E-class Coupe (formerly CLK-class)
upcoming S-class Coupe (formerly CL-class)

Not everyone is poor in Sg

Some people too rich jsut dun know where to park their money

Thats why some normal people will never understand

why the rich spent so much on cars etc

Unreg¡stered
08-10-08, 01:20
Buy buy buy!
upcoming E-class Coupe (formerly CLK-class)
upcoming S-class Coupe (formerly CL-class)
aiyah ! wasted !
why merc change CLK back to E coupe ? CLK quite successful leh .
change CL back to S coupe i can understand
but not CLK lah

/////AMG
08-10-08, 01:58
from a local car forum:

"The responses in this thread proves that Singaporeans are really behind the rest of the world when it comes to cars.

Go Google the internet: most people who tested the new M3 felt that it did not live up to the M3 legend. BMW really lost the plot with this one, the blah design, the so-so V8, the less than perfect balance, the "small and weak" engine.

You all should take note of the C63 AMG. It is the definitive must-have car at the moment according to many car fans around the world. This is one Mercedes-Benz that has previous M3 drivers and fans worldwide converting to the 3 pointed star. Google for proof. Even our beloved BMW-SG forum has current BMW owners choosing the C63 AMG over the new M3 in the poll.

Only in Singapore do suakoos go "ahhhhh... M3!" The overwhelming majority in the rest of the world go BLAH.

BMW are losing the plot and getting from bad to worse, ever since the E90. The "new" 7 series is a joke! And what's with the downgrading of their entire lineup to turbocharged 4 cylinders? That certainly is not what BMW is all about. They are seriously diluting their brand and image now, making the same mistake Mercedes-Benz made in the 1990s and early 2000s.

While BMW are going down the road to ruin, Mercedes-Benz are getting it right again: ditching Chrysler, streamlining their product range, putting serious thought and an empahsis on performance, striking looks and style, without forgetting luxury. The C63 AMG is but the first of the new direction Mercedes-Benz is taking, the other noteworthy cars being the uncompromising over-the-top CLK63 Black Series and the demonic SL65 Black Series. Wait till they roll out the rest of their new range starting with the new E class, E class coupe (replacing CLK), S class coupe (replacing CL): search autoblog and the rest of the automotive news forums, all plaudits for the new direction Mercedes-Benz are taking. Mercedes-Benz are starting to reclaim their lost position in Teutonic car stakes."

Unreg¡stered
08-10-08, 10:54
from a local car forum:

"The responses in this thread proves that Singaporeans are really behind the rest of the world when it comes to cars.

Go Google the internet: most people who tested the new M3 felt that it did not live up to the M3 legend. BMW really lost the plot with this one, the blah design, the so-so V8, the less than perfect balance, the "small and weak" engine.

You all should take note of the C63 AMG. It is the definitive must-have car at the moment according to many car fans around the world. This is one Mercedes-Benz that has previous M3 drivers and fans worldwide converting to the 3 pointed star. Google for proof. Even our beloved BMW-SG forum has current BMW owners choosing the C63 AMG over the new M3 in the poll.

Only in Singapore do suakoos go "ahhhhh... M3!" The overwhelming majority in the rest of the world go BLAH.

BMW are losing the plot and getting from bad to worse, ever since the E90. The "new" 7 series is a joke! And what's with the downgrading of their entire lineup to turbocharged 4 cylinders? That certainly is not what BMW is all about. They are seriously diluting their brand and image now, making the same mistake Mercedes-Benz made in the 1990s and early 2000s.

While BMW are going down the road to ruin, Mercedes-Benz are getting it right again: ditching Chrysler, streamlining their product range, putting serious thought and an empahsis on performance, striking looks and style, without forgetting luxury. The C63 AMG is but the first of the new direction Mercedes-Benz is taking, the other noteworthy cars being the uncompromising over-the-top CLK63 Black Series and the demonic SL65 Black Series. Wait till they roll out the rest of their new range starting with the new E class, E class coupe (replacing CLK), S class coupe (replacing CL): search autoblog and the rest of the automotive news forums, all plaudits for the new direction Mercedes-Benz are taking. Mercedes-Benz are starting to reclaim their lost position in Teutonic car stakes."
Err .... AMG fan .... you are also outdated leh!

AMG will be replacing their 6.2 na V8 (e.g. in C63 AMG) with a 5.5 twin-turbo V8 soon lah.

156hp C180 is already selling in Germany with a new 1.6 turbo.

BMW has confirmed no inline4 for 7-series but Mercedes-Benz will introduce a 238hp-400Nm 1.8 turbo in S-class (probably called S280) soon.

orangetee
08-10-08, 10:56
To all agents from different agencies.

Please Co-op, i know sales are getting very down.

No point coming here and vent frustration with

vulgarities and nonsense postings.

Thank you.

buy
08-10-08, 11:03
To all agents from different agencies.

Please Co-op, i know sales are getting very down.

No point coming here and vent frustration with

vulgarities and nonsense postings.

Thank you.

My friend..post one time will do

Why keep on posting so many times

orangetee
08-10-08, 11:24
My friend..post one time will do

Why keep on posting so many times

Looks like they realised their foolishness and kept quiet already.

Esta_Owner
10-11-08, 16:02
Err .... AMG fan .... you are also outdated leh!

AMG will be replacing their 6.2 na V8 (e.g. in C63 AMG) with a 5.5 twin-turbo V8 soon lah.

156hp C180 is already selling in Germany with a new 1.6 turbo.

BMW has confirmed no inline4 for 7-series but Mercedes-Benz will introduce a 238hp-400Nm 1.8 turbo in S-class (probably called S280) soon.


HA, this becomes a car forum.

Reg¡stered
10-11-08, 21:41
Err .... AMG fan .... you are also outdated leh!

AMG will be replacing their 6.2 na V8 (e.g. in C63 AMG) with a 5.5 twin-turbo V8 soon lah.

156hp C180 is already selling in Germany with a new 1.6 turbo.

BMW has confirmed no inline4 for 7-series but Mercedes-Benz will introduce a 238hp-400Nm 1.8 turbo in S-class (probably called S280) soon.

HA, this becomes a car forum.
Wah!
Even Ferrari is replacing their 4.3 V8 in F430 with 3.0Turbo V8.
Smaller and smaller.

moonk123
19-11-08, 12:30
Project Name-THE BELVEDERE(Former VIEWPOINT CONDO)
Developer-Sherwood Development Pte Ltd(Keppel Land Limited)
Property Type-Condominium
Tenure - Freehold
Total Units - 167
Completion Date - Nov-2007
District - 15

http://www.virtualhomes.sg/FileUpload/Project/166/Images/a1.jpg


Hi,
see the 720 degree virtual tour from this website,u view know the environment
better.

visit :http://www.virtualhomes.sg/thebelvedere

jaded
19-11-08, 15:18
Project Name-THE BELVEDERE(Former VIEWPOINT CONDO)
Developer-Sherwood Development Pte Ltd(Keppel Land Limited)
Property Type-Condominium
Tenure - Freehold
Total Units - 167
Completion Date - Nov-2007
District - 15

http://www.virtualhomes.sg/FileUpload/Project/166/Images/a1.jpg


Hi,
see the 720 degree virtual tour from this website,u view know the environment
better.

visit :http://www.virtualhomes.sg/thebelvedere



Any listings for this project ?

mr funny
14-05-09, 13:28
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_376239.html?vgnmr=1

May 13, 2009

Man exposed self in pool

By Elena Chong, Courts Correspondent


A CHARTERED accountant who exposed himself at a condominium pool was fined $1,500 on Wednesday.

Tan Koon Wah, 58, admitted to exposing his private part intending to insult the modesty of a 37-year-old woman at The Belvedere at Meyer Road in Katong on Dec 1 last year .

The woman called the police and reported that a man had insulted her modesty.

The court that she was swimming alone at the condominium pool when she saw Tan pull down his swimming trunks and expose himself to her.

A second similar charge was taken into consideration.

Pleading for leniency, Tan's lawyer, Mr Amolat Singh, said his client's actions were unintentional. Tan, he said, had worked in England for about 20 years.

In 2007, he decided to spend at least six months with his aged parents. It was on such a visit that the offence was committed.

Counsel said his client, a polio victim, swam for exercise to decelerate the bone loss and for physiotherapy as he was diagnosed with osteoporosis recently.

Tan could have been jailed for up to one year and fined for the offence.

Reporter
08-10-09, 23:48
If I am the government, I will take measures to slow the growth to 5 to 7% per year (not quarter). This is healthier and sustainable. An exception I will make is the luxury class condo (above 2500psf). For these, the buyers will be less price-sensitive. So the measures will be these:

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

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

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

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

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

If you are the gahment,we are bankrupt oledy.
Interesting conversation then.

Of course DRSG did not go bankrupt!

http://www.singaporeexpats.com/singapore-property-pictures/properties/the-belvedere/01the-belvedere.jpg . . . http://www.itrealtor.com/images/listing_photos/118_facade.jpg

electron
20-11-13, 15:19
There used to be a concern that part of Katong Park (in front of Belvedere) would one day be developed into a high-rise condo, because a portion of it was returned to the Land Office by NParks.

Realised that in the 2013 Draft Masterplan, the portion of Katong Park that was previously zoned Residential/Interim Green (i.e. temporary park), has now been revised to being of permanent park status.

Seems like Katong Park is here to stay.

clemdale24
20-11-13, 15:36
There used to be a concern that part of Katong Park (in front of Belvedere) would one day be developed into a high-rise condo, because a portion of it was returned to the Land Office by NParks.

Realised that in the 2013 Draft Masterplan, the portion of Katong Park that was previously zoned Residential/Interim Green (i.e. temporary park), has now been revised to being of permanent park status.

Seems like Katong Park is here to stay.

Good news. Katong park must stay. Its the park that represents katong. The others closer to the amber side of meyer road are smaller.

More parks, means more open space and less crowded.

Btw I think Meyer station will be at katong park, or nearby.

TravieJackie
16-07-17, 09:01
Anyone staying there can share if it's very hot in the afternoon for stack 4-7?

Laguna
16-07-17, 09:57
Anyone staying there can share if it's very hot in the afternoon for stack 4-7?

Yes, it is...I have an unit at stack 5.

If you are interested, take stack 2 or 3, these are the best....if not stack 1....but all the rooms hit morning sun directly