Wingtai forestkill profit margin aso higher at ard 400psf....
Terassee aso abt 400psf
So in fact feo haf been vy kind in recent launches like 8cy, woodhaven n seatsrand...so unlike their previous greenwich, the sound etc
Wingtai forestkill profit margin aso higher at ard 400psf....
Terassee aso abt 400psf
So in fact feo haf been vy kind in recent launches like 8cy, woodhaven n seatsrand...so unlike their previous greenwich, the sound etc
seaview + price = sure sell...Originally Posted by rainy
juz hope feo is not sparking some kinda 'developers firesales', and given current market/property situation hope its not a case of they know something that we dun know.Originally Posted by devilplate
975 - 1 bedder after discount..Originally Posted by linchong84
To me its expensive...
To me REITS giving 7% return is better than crazy property price.
Rationale:
500k house- rent u will get is 2500/m = 30K
- Agent/mainitance left with just 25K rental return.
500k in REITS return 35K.
Buying new house is not cheap have to pay 100k (loss of divident income) upfront and get rental return only after 4-5 years.
People are betting on price appreciation, which might not come. Also have to pay bank interest. It won't stay 1% forever.
My rationale is SG is becoming too expensive. People dont realize that if we become any more expensive company will pack bag and go back to US and UK.
We used to be low cost but now we have to compete with US,UK guys cause we are even more expensive then them now :-)
I think lot of foreigners SG is banking on to increase prices might have to leave to other locations if it becomes anymore expensive.
Guess might need to move to high crime US and UK..
Buggers.. hopefully SG sense will prevail.
FYI I work in IT in investment bank.
Don't be fooled by Agen't lies..Originally Posted by kingkong1984
There is no seaView..New condo coming up to block view..
+ its quite far from Downtown east.. Not walkable in Sun.. can walk in evening though.
+ EC and Another condo - closer to Downtown + seaview (people will preferred that).
Seastrand will be the only condo with no seaView.
Also land infront of Seastrand is Unknown.. If come up HDB Blk can sure cry cry.
Got seaview meh? I thought will tio block by another project to its north?Originally Posted by kingkong1984
I didn't check.... Goosh.... Many fools like me.Originally Posted by linchong84
Anyway I said sea stranded before so u know.
Feo got direct connections to first hand info. They are really in a hurry to sell.
I say good to wait.
Better go and buy developer's stock..rich rich..Originally Posted by devilplate
but everyone knows that hype won't live forever..if market crashes developer paid more will also suffer..
But they can hold for years and years..I can't
if labour cost stays low, they'll still stay here. if labour cost is too great, they would have outsourced your IT job to some offshore centre.Originally Posted by rockinsg
Agent SMS.. says negotioated 1% extra discount for "me only"
Funny how desperate developers and agents are becoming now.. they think buyer is fool..can tempt with 1% discount
300psf profit is normal. if u are developer, take out capital of 700psf, what percentage return will u look at. And remember, this profit is onlyreturnover 4 to 5years.Originally Posted by rockinsg
MCL not greedy? Terrasse profit super high leh, if according to your defination..
Large supply may means land price soften, that does not means selling price of new condos will drop. Developer just earn more loh....
Not saying MCL not greedy, but they might not be greedy if the supply keeps coming and there is no buyers...Rather give MCL 300psf than far east 300psf, if can get the seaview..Nothing good about this site compared to other new sites there,seaview and near to downtown east.Originally Posted by moomooteo
Also 1 bedder at east?What are they thinking.. If want expat rental look at city.. who want to live in far east?... if have to go party in town have to travel 20-25 min in cab..
Your date won't even come back with you so far.. hehe.. might get tired and sleep on the way.. thats coming from a single who has lived in both city and east..easier to get laid if you r in city ;-)
Also still 3more condo/EC
Issue is too much supply coming.. too much supply can lower developer margin too if new sites are sold at lesser price.
Think FEO made a big mistake by building showflat.
People can now really see how small the space is for 1 bedder.
My friend was adamant on buying 1 bedder and went for Preview.
Even from photos of showroom you will realize that noone will pay kind of rental developers are projecting..I would say 2K for 1 bedder in SeaStrand will be a far stretch.
From the photos he took. Finishing quality looks real cheap and space is terribly small even for a single person.
Especially the bathroom was miserable..Not enought space to Poo Poo in comfort .. hehe
Better FEO had sold it based on FloorPlan would have gotten much better response.
I havn't been to Showroom..anyone paid a visit?
i am surprised tat u say 5xxsqft 1bedder is small! have u visited 398sqft actual studio unit b4 anot? i suggest u go down to parc imperial/the cotz to take a look at those Mm and ask the agts to show u the actual tenancy agreements .....u can also try to find a 1bedder for less den 2k now and see if u can find one tat is relatively new....right now the asking rental for MM of 3xxsqft is 2-2.5k and dun tink u can find a 500sqft 1bedder at 2k now.....Originally Posted by rockinsg
dun tok about future rental bcoz we r not GOD.....hehe
Been to actual one in Kembangan area..Had to run out,so suffocating.. and earlier tenant staying there was a couple.. when I saw them, felt sorry for themOriginally Posted by devilplate
Think even HDB would be better than those small condos..dont know why people stay there..
Think if u live in one of these MM then your boss very happy.. u stay at work all the time.. never want to go home
Most MMs are for expats who came alone without family.. To them, they just need something like a hotel room to stay for short term 2 years posting, these MMs are still bigger than hotel rooms and much cheaper..Originally Posted by rockinsg
Don't think singaporean families will stay there.. Singles possible.. Married couples i doubt.. Mistress very possible!!
Hehe..makes me wonder what will happen to 3,4 bedder...Family staying in 3,4 bedder might have issues with singles lifestyle..Originally Posted by linchong84
mistreess...gf..all kind of trash and late night parties
Shouldn't mix the family and MM developments..
seastrand preview starts at 4pm today.
latest indicative pricing: 1bedder 570-600k, 2bedder 850k+-(after discount)
tats about 950-1kpsf for lousy facing stacks somemore!!!
and was told all the 'released units' (aka lousy facing units r fully booked)!!!
looks like we r headed for CM5? chiong ah, all buy buy buy.
Originally Posted by devilplate
Fully booked ah? Even I have booked..Originally Posted by devilplate
doesnt mean gonna buy..
And booking started months ago.. I booked months ago..
Have cheque book with no money in it.. want cheque take it..who cares..
Lousy location..HDB View.. only people who buy ... will have no idea what they buying...
Will be lucky to get 800 psf...
got sms say cheapest 2 bedroom unit from 787psf....
Ya, actual final pricing ard 800-850psf...units r flying off the shelves! Vy crowded now! But all facing hdb....lolOriginally Posted by azeoprop
Lots of water....2 big lap pools plus 2 smaller pools....and few more plunge pools....quite like the concept...layout vy typical far east which is similar to woodhaven.
If 800psf and not facing hdb can consider actually
The 1 bedroom layout is the same as waterfront isle minus the bay window. Copy and paste one.Originally Posted by devilplate
Looked at 1 bedder no facing HDB.. but facing inside unit/partial pool view..Originally Posted by devilplate
6 or 7th floor... 900psf..
Looks reasonable given its 1 bedder...
Wasn't sure if should buy or not.. but then so much supply coming in...especially the same pasir ris area..
Decided to wait and watch
1BR from $906 psf
2BR from $787 psf
3BRc from $810 psf
3BR from $890 psf
4BR from $961 psf
Prices out. Quite ex. Expensive for 4 bedders, psf wise. Looks like 4 bedders are hot now. Rare commodity. Heard at least 30 units sold within an hour!
tats bcoz of the poolview....2br and 3brc dun hf views at allOriginally Posted by fclim
pricing vy similar to woodhaven whereby poolview also cost 100-150psf more den non poolview units
but i tot 4br was abt 900psf....was quoted yday wor...
the newer designs recently for 4 bedrooms are more compact and absolute size are not much bigger than 3 bedrooms. hence the higher psf as quantum is still "affordable".
Originally Posted by fclim
seastrand special case....bcoz so far the released stacks...only 4bdr got full direct poolview....3bdr only got partial/angled poolview.....u goto go to the showflat to understand wat i meanOriginally Posted by bargain hunter
wat i like they hf 2 big lap pools in the middle of the project....however, most units dun hf much view for the released stacks now....
Originally Posted by devilplate
1 br and 2 br have no view watch wall or watch HDB....
I thought abt watching wall..but am scared of too much supply..
Afraid cannot find tenants who like watching wall
This might be an expection project where noone takes 1 bedder
funny leh.. usually the bigger it is, the cheaper it will be..Originally Posted by fclim
how come reversed? Bigger is better?
at least 1 Bedder is higher than 2 bedders... small is better...hahhaa.. smallest debt.