The Lakefront Residences (D22, 99 years leasehold, Keppel Land)

[westman]

I guess it takes the gut feel to either move in or not after all analysing all the factors. Have heard from some property market analysts based statistical data a year ago that said the market is overheating and not sustainable as the risk is too high. But prices are still moving upwards.

Fully agreed.

The funny things, the more we know about somethings, the inertial to move get heaviers...

It's more like too much analysis and we get paralysis there after...

Perhaps my grandmother was right as she said "天公疼呆子"..... since 呆子 does not "know how to analysis".... they are oftenly blessed....

[westman]

wah, u started looking at condos so so early liao? u really missed alot of opportunities! tat time when lakeshore was launch, market was at the bottom....buy CCR ppty at tat time much better....mabe enbloc oredi...

If you want to include PV where it was selling around 2++ psf... shit manz!

Also, Parc Oasis was selling around 400k plus in the 90's..

I've missed out those too !!!!!!!!!!!!!!!!

[DC33_2008]

Still need to calculate the risk and personal exposure. Know people from buying and selling of properties initially to spotting enbloc and now moving on to buying of land. There are sleepless night initially due to over leveraging. The final decision to move is really gut feel. Never look back once decision is made.

Fully agreed.

The funny things, the more we know about somethings, the inertial to move get heaviers...

It's more like too much analysis and we get paralysis there after...

Perhaps my grandmother was right as she said "天公疼呆子"..... since 呆子 does not "know how to analysis".... they are oftenly blessed....

[ay123]

guess most LR buyers are not a reader of this forum. the more you read and hear the more confuse you will be. they believe in themselve. when they bought they already factor in all calculated risk and they are willing to bear it. i think importantly buyer must know what they want. i have a friend who bought 20 lots LV sands when it was trading at nearly bankrupt price of about USD5. he trust his gut feel and he willingly take any risk. now he is still holding on the 20 lots......how much is the profit????

[sfwoo]

Never look back once decision is made.

As a buyer, the bank you borrow from will not allow you to look back.
That is why have to be careful with our "bullets" and dun any oh how shoot...

[EBD]

If one buy at 950 FH. It is very difficult for them to part their money for a LH project at 1200psf.

Anyway, I wish all huat together.

You got that right. In fact even at current 1300psf prices now for my development, hard for me to look at 1200psf for this area 99LH as good.

Caspian launch people however really got themselves a good deal. Bought in the middle of fear and at the bottom. These people will almost certainly never experience negative equity. Good for them.

As for people paying 1200psf at LF I also say thank you. You have no doubt dragged up the price of my unit in the vicinity making it more profitable than before this weekend should I sell it when I move back to my kampong.

Only wish I had shares in Keppleland prior to this weekend.... Can't win them all.

[DC33_2008]

Better be a silver bullet which can kill or get killed.

As a buyer, the bank you borrow from will not allow you to look back.
That is why have to be careful with our "bullets" and dun any oh how shoot...

[DC33_2008]

First to TOP and secure the tenants from Canadian Int. Rental yield will be much better.

You got that right. In fact even at current 1300psf prices now for my development, hard for me to look at 1200psf for this area 99LH as good.

Caspian launch people however really got themselves a good deal. Bought in the middle of fear and at the bottom. These people will almost certainly never experience negative equity. Good for them.

As for people paying 1200psf at LF I also say thank you. You have no doubt dragged up the price of my unit in the vicinity making it more profitable than before this weekend should I sell it when I move back to my kampong.

Only wish I had shares in Keppleland prior to this weekend.... Can't win them all.

[extremme]

I was about to pick up a ground floor unit with 1800++sqf with only 865k during launch.

Withdrawn last minutes due to poor economics outlook...

Now

same ah.. i was contemplating a unit at botannia last year.. the 2nd floor showflat going at $700psf and maybe throw in some $$ for the reno they did... no balls haiz now

[stalingrad]

You got that right. In fact even at current 1300psf prices now for my development, hard for me to look at 1200psf for this area 99LH as good.

Caspian launch people however really got themselves a good deal. Bought in the middle of fear and at the bottom. These people will almost certainly never experience negative equity. Good for them.

As for people paying 1200psf at LF I also say thank you. You have no doubt dragged up the price of my unit in the vicinity making it more profitable than before this weekend should I sell it when I move back to my kampong.

Only wish I had shares in Keppleland prior to this weekend.... Can't win them all.

we are all happy for you. but bear in mind that prices from developers are always 20% highers than prices in resale market.

why, because people buying from developers are just buying options, not the whole condos. thus, there is a gamble element here.

if options are sold at 1,020psf, then the true price at your area is only about 800psf. not really a big deal.

[stalingrad]

same ah.. i was contemplating a unit at botannia last year.. the 2nd floor showflat going at $700psf and maybe throw in some $$ for the reno they did... no balls haiz now

yes, the developer couldn't sell the last few units, which were unloaded later in 2007 at 700psf. I remember those days.

[stalingrad]

understand that the lakefront residences are so close to the train track that some columns supporting the train track are within the premises of the condo. How noisy would that be?

[Lovelle]

why people are paying RCR price for a OCR location ?

There are 1000psf in town . what is so good abt kepland development ?

[sfwoo]

understand that the lakefront residences are so close to the train track that some columns supporting the train track are within the premises of the condo. How noisy would that be?

For those facing track, no need to sleep between 1 am and 5am. Unless you soundproof your windows and on air cond 24/7.
For those facing inwards, no issue.
Same with Parc Vista units...those face inside, you will be amazed by the quiet and serenity of the place. Until the F16s fly overhead...

[sfwoo]

why people are paying RCR price for a OCR location ?

There are 1000psf in town . what is so good abt kepland development ?

Good question.

Since I cannot answer, I saw but did not buy even though I had the bullets...

[stalingrad]

Good question.

Since I cannot answer, I saw but did not buy even though I had the bullets...

I can answer it. they are buying options, not the whole condos. they may get stuck with the option, but they have this hope that they can offload the condo on someone later at higher prices.

it is just another casino. don't take it seriously.

If I have $1 mio, I would add another half a million and buy something along bukit timah. why buy into something (lakeside district) that won't see the light of day for 10-20 years. insane!!!

[ay123]

why people are paying RCR price for a OCR location ?

There are 1000psf in town . what is so good abt kepland development ?

long term investment!!! this question has been asked 1000000 times!! i think there is no need to argue this point, there is no answer. time is the answer and those who have guts and holding power will be the winner to the bank. so wats is the upside potential for 1000psf in town?? kindly share.

[Lovelle]

long term investment!!! this question has been asked 1000000 times!! i think there is no need to argue this point, there is no answer. time is the answer and those who have guts and holding power will be the winner to the bank. so wats is the upside potential for 1000psf in town?? kindly share.

then if i owned a good local at 1000psf , would i be seeing more upside then jurong west ?

market rise in the town first then start to spread out to other local.. isn't it ?

[westman]

understand that the lakefront residences are so close to the train track that some columns supporting the train track are within the premises of the condo. How noisy would that be?

Have seen the project layout and estismate the narrowest from track to residences will between 34~36m apart. The widest would he around 40~45m.

Will check with agents to confirm.

I think inner sides wold have limited impact to noise while track facing units have special glass window to reduce noise pollution.

[stalingrad]

long term investment!!! this question has been asked 1000000 times!! i think there is no need to argue this point, there is no answer. time is the answer and those who have guts and holding power will be the winner to the bank. so wats is the upside potential for 1000psf in town?? kindly share.

what upside for lakefront? there will be more condo sites up for the sale in the future. there is a lot of land in the lake district.

another tulip bubble.

[jwong71]

Have seen the project layout and estismate the narrowest from track to residences will between 34~36m apart. The widest would he around 40~45m.

Will check with agents to confirm.

I think inner sides wold have limited impact to noise while track facing units have special glass window to reduce noise pollution.

glass window shattered in time to come.??

[EBD]

we are all happy for you. but bear in mind that prices from developers are always 20% highers than prices in resale market.

why, because people buying from developers are just buying options, not the whole condos. thus, there is a gamble element here.

if options are sold at 1,020psf, then the true price at your area is only about 800psf. not really a big deal.

That's understood by anyone who's not a newb.

But the current place I'm staying I bought so much lower than current prices even before LF was launched, anything added by LF is all gravy - so no complaints from me.

[Lovelle]

what upside for lakefront? there will be more condo sites up for the sale in the future. there is a lot of land in the lake district.

another tulip bubble.

he has big guts leh, if buy at 1200psf later price go down...wonder can sleep or not..

[westman]

glass window shattered in time to come.??

Hmmm not sure it'll happened....
Guess buyer would be happy to ask for refund if that really happened!

[EBD]

then if i owned a good local at 1000psf , would i be seeing more upside then jurong west ?

market rise in the town first then start to spread out to other local.. isn't it ?

That's my whole head problem too with this.

Sure long term you should win, but if you start off at a better location - won't you win even more?

[zen66]

glass window shattered in time to come.??

i think those units near MRT tracks will have tinted windows or thicker glass?

[DC33_2008]

WoW! Kepland has gone up by 10cent today. Thanks to all the buyers of LF.

[sfwoo]

Hmmm not sure it'll happened....
Guess buyer would be happy to ask for refund if that really happened!

I stay 4th level, nearly in line with MRT track before.
The noise is bad enough to disturb sleep, but not bad enough to rattle windows.

F16s are different kettle of fish. When they turn to land at Tengah, they do so over Blks 400+, Blks 500+ and Blks 600+ in Jurong West, can see undercarriage, for Blks 600+, can see rivets...nice if you love to see fighter jets close up, tough if you have a baby needing afternoon naps.

[extremme]

what upside for lakefront? there will be more condo sites up for the sale in the future. there is a lot of land in the lake district.

another tulip bubble.

all this discussion is making me jittery... if Im unable to offload the caspian at a good price as im not one of those lucky few who bought from developers.. then stay there bah... where else to find a condo so cheap now.. even EC also launching at $850psf and have to ballot siao prices...

[kane]

That's my whole head problem too with this.

Sure long term you should win, but if you start off at a better location - won't you win even more?

you will win, more or less is really down to selecting the right projects, it can be anywhere on the island.