Now left about 45+ units avail as from yesterday when i submitted my selection form to Far east agent
Newbie
Now left about 45+ units avail as from yesterday when i submitted my selection form to Far east agent
Newbie
Did you choose 'cool' or 'warm'?Originally Posted by SP specialist
I personally prefer the old-fashioned beigey marble and warm wood finish but I chose cool white and black as I think this would be more appealing to the young.
Also chose loft above kitchen; I heard that some buyers are opting for two lofts (extra charge but still cheaper than getting your own ID to do)...
Senior
i think the upper deck in the master bedroom serves better than above the kitchen. usually cooking area better to have higher ceiling.
Newbie
I don't think there is going to be much cooking going on in this place, and the loft in the bedroom compromises privacy if it needs to be used for some purpose.
The 2-bedders can do two lofts and that would be quite a good arrangement but for the 1-bedder the effect I feel would be claustrophobic...
Senior
kitchen usually a smokey area, not advisable to have a loft there. lofts are usually used as rest or relaxation area, to have a relaxation or rest area above the kitchen just doesnt fit, just my opinion.
Senior
skyhigh, did you get the south-east unit facing outside or the north-west unit facing outside? Those on the 5th floor and below all priced more reasonably compared to those priced on higher floors. i was also quite shocked when the FEO salesgirl told me each floor price dif is 13k plus. It is also quite strange that stacks closer to woodlands rd are more expensive than those away from woodlands rd.
Junior
I think I should head down to see why this tingy is selling so well at this kind of prices. Bukit Panjang leh! I know got MRT but then Cashew and Hillview and beauty world also got MRT and not this kind of PSF wor. I think I'll wait for the mixed development in Hillview then....
Senior
as of yesterday, only 40 odd units left. prices now are from 11xxpsf to 12xxpsf. FEO staff also very on, just now just received a call from the same chio FEO girl.
Go for Smallest Unit
It should sell out by 2nd quarter 2011.
Senior
The SOHO concept and high ceiling are still novelties for MM. However Bukit Panjang area is predominantly residential, so I feel that the record psf may be difficult to break by other new projects. Unless the government develops it into a business district (unlikely for the next 10 years).
Newbie
IMHO, the pricing now is pure sentiments driven. I believe there is still $$$ to be earned and seasoned investors here know what they getting into.
However, for people like me with smaller resources, it's prudent to hold cash ready to pounce when market corrects.
Call me evil if you would. I am quietly hopeful when I know many greedy people who do not even compute their installment obligations when interest rate move up to 2,3 and even 5%. I think they will be many panicky aunties and uncles around as many have not the experiences receiving from bank installment increase letter every month.
Regards
Junior
Maybe its the chio FEO girl that makes the differenceSome more everyday SMS you.... kekekeke....
Senior
i think this FEO girl should just be a property agent and market sentosa properties, throw a few ***y glances and smiles, sure can sell...
Maybe its the chio FEO girl that makes the difference
Newbie
LOL is that all you can offer with your "gut feel" and "hard facts"? I'm not impressed.
Indian expat couple with a kid of course wants at least a 2 bed-room, not your 1 bed-room for rent. I don't see your logic or gut feel here.
And your "hard fact", isn't it any real estate buyer or investor's common sense that he/she would want amenities nearby? I call this common sense, not a fact.
Flyover not an issue? Talk to more potential renters and see if that is an issue when you see and hear trucks, lorries, heavy vehicles from JB and Kranji industrial estate barreling up and down noisily the slopes of the flyover. Some of these JB trucks are notoriously smoky and noisy, and takes forever to climb even a gentle incline. And you'll get more of these trucks once the traffic gets smoothed out with flyovers closer to 2015.
All in, I'd put my money in the new mixed development sites in either the Jelebu/Petir road site or the Hillview site, not here. Tennery will in time be just a poor cousin of the Jelebu/Petir road mall/condo in terms of commercial tenant mix and the condo residents.
As a buyer/owner, I'd prefer a potential Upper Bt Timah Road address at the new mixed site, rather than a 1 Woodlands Road address. Remember there will 3 malls within 1 km radius in this area in 2015 and beyond, retail competition will be extremely intense. Stores will gravitate to the best-connected and heaviest-traffic mall in this area, which is likely to be the new mixed development site (with bus-interchange, MRT, and 5 storeys of commecial space at least from what I've seen of the artist rendition if it's accurate enough), followed by existing BP Plaza and lastly Junction 10 (with only 2 floors of smallish retail space). Going by your new-age lifestyle dream tenant, it's not hard to argue that the outcome of retail/commercial competition will drive tenants to the new mixed development, and Tennery will just capture whatever residual demand left.
Junior
For bros considering BP area, i have lived 15 years of my life in BP, before i move to new place at tiong bahru..... So wanna share some of my experience for those considering Tennry.
U might wanna know that during peak hours in the morning and evening, the traffic is super heavy along the woodlands road leading up to upper bukit timah road. With tons of new flat building along woodlands road, and the endless roadworks going on, i dont think the situation will improve much. The traffic T junction at 10 mile juntion is very heavy. further up the woodlands road turning into MINDEF area is also adding to the woes, there is considerable cars waiting to turn at that junction.
Newbie
Newbie
Two New Flyovers to Improve Traffic Flow Along Upper Bukit Timah/Woodlands Road Corridor
1. The Land Transport Authority (LTA) is constructing two new flyovers and widening parts of Upper Bukit Timah Road & Woodlands Road to improve the overall traffic flow along this road corridor.
2. Upper Bukit Timah Road and Woodlands Road is as a key arterial road corridor for the north-western part of Singapore, serving the Kranji and Mandai industrial estates as well as the Bukit Panjang and Choa Chu Kang residential estates. Currently, the corridor experiences high traffic volumes, especially at key junctions and intersections during peak hours.
3. When the road widening and improvement works are completed in 2015, there will be three continuous lanes in both directions. Motorists travelling along this road corridor can expect shorter journey times by using the new flyovers to bypass the traffic junctions at Woodlands Road/Bukit Panjang Road and Upper Bukit Timah Road/Dairy Farm Road/Hillview Road.
4. Please refer to Annex A for the location map for this road improvement project.
Minimising Inconvenience to Road Users
5. The road widening and improvement works are expected to commence in the second half of 2011. To minimise the period of disruption to the residents and motorists, LTA will dovetail the road works with the ongoing construction of DTL2 stations and tunnels, so that the reinstatement of the road carriageway affected by the DTL2 construction will also incorporate the road improvement works. By taking this construction approach, the overall construction time will be shortened.
6. "When completed, the new road and rail infrastructural developments will greatly benefit residents and businesses in the north western parts of the island. By coordinating the schedules of work, we are able to ensure a smooth transition between the two projects and, at the same time minimise the disruption to nearby stakeholders," said Mr Lim Bok Ngam, Acting Chief Executive Land Transport Authority.
Land Acquisition
7. To facilitate the road improvement works and construction of the new flyovers, the Government will need to acquire private lands along the corridor under the Land Acquisition Act. The acquisition will involve a row of shop houses along Woodlands Road and part lots along Upper Bukit Timah Road. The Singapore Land Authority (SLA) has gazetted the lands affected by the acquisition.
Go for Smallest Unit
The mixed development is a good choice only if launched prices are attractive. 1500 psf if launched by next year sound good? Traffic bad take mrt lor. Not at home most of the time and as long as it's cool and quiet at night, good. This is a winner if that one is much much higher. I would think that the asking would be at least 1300 psf to 1600 psf by early next year. But I am just guessing.
This SOHO is a play on smaller size and quantum. It is less risky in tat sense. Since it's just 1 and 2 bedders, it will attract mainly single professionals or small families. Mixed development have a bigger mix and some may not prefer that.
Newbie
Not exactly confident that the flyover connecting woodlands road and upper BKT road will ease the traffic at that particular T-junction directly beside tennery. Lots of vehicles coming from CCK and bukit batok will use the t-junction and will miss the flyer completely since this caters to the traffic from woodlands side.
Once the mrt is up, I expect the traffic to become further congested as it is very near to this particular juncture (<100 - 200m).
Hoping the MRT will ease the traffic once it is up, when drivers like me may eventually give up driving altogether due to the heavy traffic situation...
Senior
Those buying Tennery or hillview area will have to make sure that you are not driving towards the city direction. There is an ERP + A usual queue to PIE at the Anak Bukit Flyover + Slow traffic towards Clementi Road. The heavy trucks along woodlands and upper bukit timah are really a pain. If you are taking future MRT, I guess it's fine.
Exalted
MRT definitely faster den driving during peak hrs for tat area
Junior
Hillview part is fine because Anak Bukit jam has disappeared for years. But I think Woodlands road side more jialat. But Hillview should be fine in terms of traffic - both to an fro because the southern part of Upper Bukit Timah is fine. And ERP is 50 cents anyway and Hillview will not kena due to many different possible routes. I know of some areas like Bishan everyday kena $10 ERP. But I think those buying Tennery probably will take the MRT bah, esp when it hits town in like 18min?
Senior
Even if the interest rate doesn't move up, it could be a case of too many landlords look for too few quality tenants. When the yield disappoints or landlord ends up subsidising the tenants, then people will start to sell.
For e.g. Looking at The Parc that already TOP for 6 months, many units are still looking for tenants. At other relatively new condos, I'm starting to see some 'For Rental' banners, which means the owner couldn't find a good new tenant before the previous tenant vacated.
Exalted
look at The Sail.....always tons of rental ads in pptyguru....but tat doesnt mean prices will go south mah rite?
chanced upon this ad...looks cheap hor...below 2kpsf wor
http://www.propertyguru.com.sg/listi...ail-marina-bay
Senior
When we have many more of these new condos like The Parc then it will create more downward pressure on the rental, and maybe the prices.
Exalted
Oversupply story been there since 2007
Senior
From 2006 to 2010, there was a serious lack of HDB yet the immigration numbers climbed up very fast (although it gradually moderated downwards towards 2010 due to political pressure).
This drove up the selling price and rental of HDB tremedously. The fat profit quickly allowed HDB upgraders to move into mass market condos to absorb the supply. Many developers also pushed back their launch by a few years to reduce over-supply e.g. D'Leedon.
I would expect the condo over-supply (especially for rental) issue to be more problematic this time.
Junior
the problem with Sohos is that the final reality may not be as initially advertised. Look at Central Soho. When took keys there were quite a bit of residents, the rest were empty units. now residents make up 10-15% with the rest leased out to offices. quite funny as next door to you might be a singing school, or chiropractor, shipping company etc. common areas were swarmed with employees of commercial tenants that the mcst had to clamp down on access, but no use as even up to today, you find employees smoking enmasse in the sky garden, and god knows who using the gym etc. Elevators also cannot cope with the load and break down once a month.
Today, Central is no longer residential, it's a commercial office development and residents are an afterthought. luckily, it was launched at 700psf so owners are not complaining as rental yield is now 8-9psf
Newbie
A vicious cycle. The price increase is due to BTO and land price peg to market, not foreigners.
Imagine.
HDB releases in tampines, price is based on formula on surrounding properties - public and private.
Private developers takes cue and price accordingly.
If BTO is not successful, demand pent up and those who can't wait pay higher for resale.
As a result, price of next BTO increases, so does private....
Ever wonder why MBT and HDB staunchly refuse to be transparent on formula and land prices...
What ever that happens that results in price increase is deliberate and in line with gahmen official propoganda on asset appreciation equating growing wealth of singaporeans.....
When gahmen saves calibrated measures to cool market... I wanna laugh... it's really monopolistic profit maximising given HDB is a price setter and dominant supplier with >80% of market share.
Regards
Senior
Holding cost and potential of the area are different. The Sail launch price was around $1k psf. Now MM at suburbs are launched around $1.2k psf. The marina bay is still under development into a massive financial hub and The Sail is just one of the rare condos in that area. I'm not aware of any major plans for Bukit Panjang but I do know that there are many condos in that area to compete.
Posting Permissions
Reply With Quote