FYI, above #13 level 4BedRm & 4BedRm + family with sea facing unit are sold out !
2 BedRm low floor with pool view are mostly sold out also.
Total should be 50% sold already.
Newbie
FYI, above #13 level 4BedRm & 4BedRm + family with sea facing unit are sold out !
2 BedRm low floor with pool view are mostly sold out also.
Total should be 50% sold already.
Senior
So hot everywhere!
Originally Posted by East Coast Boy
Newbie
Juz drove by , Showflat quite crowded, seem to be nearby residents taking a strolls type that visit the Showflat
Bricks & Mortar
Nearby residents probably silently laughing and say BUY, Good Buy..., up , chiong ah...
Senior
It will get hotter because year end bonus is coming! Stocks market is too risky, and gold is too expensive and bubbly for investors. Our properties are one of the rare AAA investment options left for individuals and global fundsSo hot everywhere!
http://www.todayonline.com/Business/...ole-AAA-rating
Senior
Do you think there will still be good bonuses this year. We may be in technical recession at the end of this year.
It will get hotter because year end bonus is coming! Stocks market is too risky, and gold is too expensive and bubbly for investors. Our properties are one of the rare AAA investment options left for individuals and global funds
http://www.todayonline.com/Business/...ole-AAA-rating
Bricks & Mortar
Confirmed President, PM, Ministers, MP and all civil servants will have, they will continue to buy and push up prices....Do you think there will still be good bonuses this year. We may be in technical recession at the end of this year.
Senior
Yes, industries like oil and gas, marine, construction, F&B, health care, education and civil service will definitely have since they are still doing quite well.Do you think there will still be good bonuses this year. We may be in technical recession at the end of this year.
http://www.todayonline.com/Business/...prices--Keppel
Senior
Sad to say, not for electronics industry though...
Go for Smallest Unit
hmm....
someone mentioned hot money coming into Singapore because of US devaluation....
I expect one day... our currency will depreciate against US when all the problems are cleared. Then what will happen to our property prices? Any clue?
Newbie
People from US will buy Sg properties lor
Senior
Only the rich ones can buy outside US. Lots of people are buying land or properties into US. Rather risky in the long run.
Senior
I think we are in the midst of a property bubble. However like China in the last few years, it will be difficult to deflate and the high price could persist for a few more years.
But I doubt prices will correct more than 10%, because regional population is still growing fast but their countries' infrastructure and services cannot catch up. They are also less stable politically and geographically. Singapore is a modern city and safe haven for the richer ones to be educated in and set up a base for business.
Exalted
No interest on this project?
I tink roughly abt 30%sold so far.
3/4bdr quite decent size and high end fittings.
High flr seaview 4bdrs r selling fast....
Cant really draw any conclusion bcoz i noticed buyers go for either premium sea facing units or low flr cheapest units....
Low flr 3bdr from 14xxpsf and high flr sea facing 4bdr going for abt 2400psf
Per flr difference quite huge abt 20-70k diff
Doesnt look like we r having a economic turmoil....lol
Newbie
I went to the showflat last evening to take a look.No interest on this project?
I tink roughly abt 30%sold so far.
3/4bdr quite decent size and high end fittings.
High flr seaview 4bdrs r selling fast....
Cant really draw any conclusion bcoz i noticed buyers go for either premium sea facing units or low flr cheapest units....
Low flr 3bdr from 14xxpsf and high flr sea facing 4bdr going for abt 2400psf
Per flr difference quite huge abt 20-70k diff
Doesnt look like we r having a economic turmoil....lol
Quite crowded.
Price difference is indeed very significant for good facing and high floor units.
Actually, the sea facing units jump at almost $100K per floor...
Junior
Was there over the weekend. Pretty packed and quite a few of the high floor seaview stacks (mainly stack 1) were already taken up at >$2K psf.
They have two blocks. As the land plot is deep, its one block in front of the other so the back block will have limited views. Finishings are not bad but they still have a big balcony in the living and the dreaded baywindows in all rooms. Master bedroom is ok but the rest feel a bit cramped. Enough carparks but only one tennis court.
Full seaview units are only limited to stack 1 and 2 but at >$4m a pop for the seaview units, think I would rather stick to landed.
Go for Smallest Unit
actually its a different game there.
you have the flyer views and the casino views. I suppose you can see it unblocked if u follow the expressway lines.
next thing is a gamble on the disney land plot... never know what is going to be made there in time to come...
then the next thing is another gamble on mrt station...
anyway, if landed can never offer you the kind of views, its pretty safe. However, price must be right... I think riverine by the park could be more attractive in terms of pricing. To each his own.
Junior
Its just my personal opinion. There are good and bad points for both condos as well as landed which is why I am vested in both. Don't mean to start another long-winded "landed vs condo discussion". For landed , its rarely about the view.The play is on location, exclusivity and most important of all, scarcity since new supply is virtually non-existent.
For this development, you can gamble on all the factors that you mentioned but wouldn't be it be a better bet placing your money on cheaper options like the whole stretch of condos lining Meyer road. That's where it differs. Scarcity and exclusivity doesn't really come into play. You have cheaper options ranging from belvedere to seafront at meyer to older options like Atria and Sovereign. Lots of alternative supply. All these have sea/flyer/IR view, possibility of MRT and proximity to disneyland plot. In terms of supply, many of the older apts along Meyer (Hawaii/Peach) could en-bloc which may result in a whole lot more supply of competing developments coming on-stream.
As I mentioned, its just my personal preference. For a investment of >$4m, would rather place it on a landed in view of its scarcity.
Last edited by proper-t; 06-09-11 at 01:18.
Go for Smallest Unit
very good points made. I agree.
Senior
The Meyerise, a freehold development in Meyer Road, has racked up about 80 sales since it started last Friday. Singaporeans and permanent residents comprised about 90 per cent of all buyers. The project has 239 units, a mix of two-bedroom, three-bedroom, four-bedroom and penthouse units. The average price was $1,950 psf, with three-bedroom units the most popular among buyers.
Senior
There are still quite a lot of deep-pocket Singaporeans and SPRs.
Junior
Haha..my thoughts exactly when I visited the showroom. $4m is no joke and what's more is that this has no deferred payment or IAS. If this is their 2nd property @ 60% financing, 40% cash is already $1.6m !!!There are still quite a lot of deep-pocket Singaporeans and SPRs.
Mebbe...SG is becoming a safe-haven in view of all the economic uncertainty.
Newbie
On a couple of developments I watch closely, some transactions don't even have caveats lodged ...paid in cold hard cash!
Junior
Good points. For you forgot to mention one important point: The Indian factor. Many of the NRIs are fairly wealthy and they like to congregate around Meyer and Tg Rhu. So some who buy for investments are looking to flip to Indians or rent to Indians at higher than market rates. I've been to some of the small developments in Meyer; every time I only see Indians in the swimming pool. The Indians are not so much into landed property than sea view and around their own type.
Senior
Must have coconut trees.
Junior
Yep, agree. Don't think it just the condos in Meyer/Tg rhu. I see quite a few of them buying the landed around that area as well(either new citizens or applied for permission from SLA). This is especially so if they have a large extended family.
Junior
the paper did not say many buyers are indians, NRI or otherwise..
and an Indian agent closed like 10 deals or something. (heard from one disgruntled agent)
Junior
Yes.. around that area.. got an indian built a "Taj Mahaj" for his family there. I heard from someone who lived among the landed says there are quite a number of NRI(turned pr or sinkie) bought the landed and living there
Senior
Are they painted yellow?
Junior
Not only that. If you observe when driving around Meyer area, you will see some signs saying "Private roads". When I asked my agent, he said the roads and all the houses along the road are owned by a well known Indian family group in Singapore.
Posting Permissions
Reply With Quote