The Inspira (D9, Freehold, Tiong Aik)

Viewed the showflat on Friday. Wow, great response by buyers.. especially for the 1 and 2 bedrooms. We were required to put blank cheques down first to "queue" up for the properties, as the developer has not released the prices yet. No brochure out either. Estimated to be around $1,100 psf upwards.

Nice development located just opposite the road from Robertson 100 (but the showflat is located opposite The Pier). 120 units. Longish plot. Sort of looks like Three Three Robin (SC Global high end condo at Robin Road).

Starts from the 7th floor upwards, so as to maximise views. The floors beow the 7th storey are reserved for car park, and other facilities.

Actually I think it looks more like The Grange.

here's a pic for you guys

http://img421.imageshack.us/img421/7387/inspirakg6.jpg

I went today to have a look. Not particularly impressed. :o Great response by buyers? No does not seem like it, as still are many units left.

Total units: 120 (1,2,3,4 bedrooms, and penthouse)

Sizes range from 667 sf to 2,315 sf

Average price is around $1,100 psf.

i saw this development a couple of weeks ago, during the preview/softlaunch. my comments are as such:

#1 property is too near a commercial building (wharehouse) and vaccant school. not very comforting.

#2 developer is tiong aik?? .... what track records do they have?

#3 property is rather deep in ... long walking distance from the main road (river valley).

#4 on the wrong side of the river. absolutely no view at all. remember rivergate is just opposite and its a 43-storey (400+ units) development.

lastly ... on the hindsight ... some units at rivergate has been sold at S$1,600 psf. a record .... in that area .... so maybe S$1,100 is a bargain?

i don't know ... what gives ...

agreed, not a good choice.... in terms of location... quite crammed too....rivergate much much better...

What do you think is a fair value for The Inspira?

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Originally Posted by col.kurtz

What do you think is a fair value for The Inspira?

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The fair value shd be such that the property generate a rental yield of 5% or better.

if u had bought during the launch, u will not regret

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Originally Posted by Unregistered

if u had bought during the launch, u will not regret

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If u have bought some land in Singapore after world war 2, u will also not regret.

Quote:

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Originally Posted by jack lemon

i saw this development a couple of weeks ago, during the preview/softlaunch. my comments are as such:

#1 property is too near a commercial building (wharehouse) and vaccant school. not very comforting.

#2 developer is tiong aik?? .... what track records do they have?

#3 property is rather deep in ... long walking distance from the main road (river valley).

#4 on the wrong side of the river. absolutely no view at all. remember rivergate is just opposite and its a 43-storey (400+ units) development.

lastly ... on the hindsight ... some units at rivergate has been sold at S$1,600 psf. a record .... in that area .... so maybe S$1,100 is a bargain?

i don't know ... what gives ...

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#1 Warehouse and vacant school will give way to more residential and commercial facilities. Depending on setback of the the buildings in plot, should provide pleasant view. Well none of the units in inspira have views anyway.

#2 Tiong Aik is a construction company. Build quality is usually excellent from these kind of developers. For example see Novelty, Chip Eng Seng, Hor Kew, Hoi Hup, Sim Lian, etc.

#3 so are the Pier, Robertson blue, Rivergate, and the rest. Mohd Sultan road is also deep in but that has not stopped people from visiting the clubs and pubs there. If you want to talk about jia luck, then you should see Aspen Heights which is uphill. Many Japanese expats housewives staying there complained about the jia luck walk up the hill.

#4 If Inspira have views, then the price will be also $1,600 psf like River gate.

understand this project will be TOP end of dec 2009. Has any owner recieved notice from developer to collect the key?