Sky Habitat - Bishan

[DC33_2008]

Another Capitaland project to be stalled.

https://www.ura.gov.sg/realEstateWeb...Controller.jpf

Sky Habitat Units Sold in the Month of Sep 2012

Month ... Total Launched .. Cumulative Sales .. Median PSF
Apr 12 .. 180 / 509 ....... 131 (131 sold) .... $1,583
May 12 .. 180 / 509 ....... 129 (8 sold) ...... $1,585
Jun 12 .. 180 / 509 ....... 125 (2 sold) ...... $1,582
Jul 12 .. 180 / 509 ....... 130 (5 sold) ...... $1,618
Aug 12 .. 180 / 509 ....... 131 (1 sold) ...... $1,659
Sep 12 .. 180 / 509 ....... 131 (0 sold) ...... NA

Translates to 25.74% sold.

[pinkpolkadot]

How How How!

[Laguna]

How How How!

short capland lor!

[taggy]

How How How!

who knows, maybe the coming bishan land sale will save it ? http://forums.condosingapore.com/showthread.php?t=15280

[alamak]

who knows, maybe the coming bishan land sale will save it ? http://forums.condosingapore.com/showthread.php?t=15280

The bids would not be as competitive as Sky Habitat. Fear is that there were be as no takers if price is as good as Sky Habitat.

[Pikachu1245]

Another Capitaland project to be stalled.

Have the potential buyer move to Sky Miltonia instead , as there is fantastic reservoir view there and believe fengshui of Yishun is very good?

Last heard Sky Miltonia is more than 70% sold within few days of launching

[kane]

wait for some other developer to sell their project for $1700psf around the area. ha.

[dtrax]

Have the potential buyer move to Sky Miltonia instead , as there is fantastic reservoir view there and believe fengshui of Yishun is very good?

Last heard Sky Miltonia is more than 70% sold within few days of launching

End of the day is still quantum especially for home stay owners. Mun mun made a mistake by seeing MM size no up insist on "humane" size units:
1 bedroom + study – 66 units (635 – 969 sqft)
2 bedroom – 149 units (721 – 1485 sqft)
3 bedroom – 218 units (1216 – 1862 sqft)
4 bedroom – 68 units (1539 – 2250 sqft)
Penthouse – 8 units (2562 – 3638 sqft)

Make 1 bedder so big at >1.Xmil. 2bedder even laggi best if I am not wrong only 200k+ more expensive but it is still easily 1.3mil. Comparing with other 100% sell outs like stellar rv 1.1mil can get 2 bedders CCR/FH/MRT/Mall, Kovan regency etc..

That is the reason why despite Sep strong sales, SH failed to moof any units or any agents will dare to swing their buyers over. The entry level for buying a unit there in terms of quantum is simply too high liao.

[dtrax]

wait for some other developer to sell their project for $1700psf around the area. ha.

Yes when the bar is set higher.. it will eventually moof n sell these units. Just like pple see the vision @ west coast 1k psf siao, thomson grand 1.2k psf siao, skies miltonia 1.3k psf siao. Worse case just turn it into service apartments

[Ringo33]

Capitaland must be scratching their head on this. if the dont bid and other developers bid too low, SH will get hit. If they bid high, how to sell?

[Pro888]

Capitaland must be scratching their head on this. if the dont bid and other developers bid too low, SH will get hit. If they bid high, how to sell?

Have to write off. Bcoz of previous mistake made, dun make another.

[focus]

End of the day is still quantum especially for home stay owners. Mun mun made a mistake by seeing MM size no up insist on "humane" size units:
1 bedroom + study – 66 units (635 – 969 sqft)
2 bedroom – 149 units (721 – 1485 sqft)
3 bedroom – 218 units (1216 – 1862 sqft)
4 bedroom – 68 units (1539 – 2250 sqft)
Penthouse – 8 units (2562 – 3638 sqft)

Make 1 bedder so big at >1.Xmil. 2bedder even laggi best if I am not wrong only 200k+ more expensive but it is still easily 1.3mil. Comparing with other 100% sell outs like stellar rv 1.1mil can get 2 bedders CCR/FH/MRT/Mall, Kovan regency etc..

That is the reason why despite Sep strong sales, SH failed to moof any units or any agents will dare to swing their buyers over. The entry level for buying a unit there in terms of quantum is simply too high liao.

Any chance the incoming Capland chairman will change that?
Maybe they will be submitting changes to BCA to reconfigure some of the units layouts and sizes. Possibly like what you mentioned.. they might start creating MMs of 500sqft.

[dtrax]

Capitaland must be scratching their head on this. if the dont bid and other developers bid too low, SH will get hit. If they bid high, how to sell?

they have to bid. I think they have too much unsold units to take this risk and I believe their cashflow is super gao. They do not have to bid too high.. juz slightly below the psf of the bid prce for the sky habitat plot will do

[Ringo33]

they have to bid. I think they have too much unsold units to take this risk and I believe their cashflow is super gao. They do not have to bid too high.. juz slightly below the psf of the bid prce for the sky habitat plot will do

the can should join force with FEO to bid for this. With FEO around, sure can make money..

[dtrax]

Any chance the incoming Capland chairman will change that?
Maybe they will be submitting changes to BCA to reconfigure some of the units layouts and sizes. Possibly like what you mentioned.. they might start creating MMs of 500sqft.

There is a possibility. Afterall a new ceo might mean new directions. They do not have to make the units super sMaLl. At the end of the day, it is all about figures and values. They just need to build units small [but not too small] to make the overall price attractive. Most developers have a profit margin based on the bid price when they tender for a land.

This is not a magic formula: For example if my MIN is 30% profit margin I want to attain for this project for my company, I just get my first class scholars to give me a break-down:
- Average psf (1)
- psf based on MIN profit margin of 30% (2)
- psf land price (3)
- construction + other cost (4)

(3) + (4) + (2) = (1)

If let's say my land price 1k psf that I wanna bid for this plot, I will be able to derive the average selling price since all the above equations are already in place. The next step will be to get my scholar to devise the unit distribution chart based on this average psf that he must adhere to with the GFA I am allowed to built. IMO the land price is ok but the problem is that Mun Mun gave his directive to his kar kia scholar that I want no INHUMANE units thinking that market can easily absorb.

All developer's will have their ideal profit margin (2), of course CCR will always be higher because the land price they bidded is higher and it makes sense to have a higher profit margin for the risk they are taking. Based market situation on the ground during cheque collection phase.. the profit margin (2) will ALWAYS toggle up if it is oversubscribe. The bottomline is that a developer will not lower its MIN profit margin unless the market is so damn bad. This is the reason why a lower land bid does not always mean lower selling price.

That's why MAI GAN CHEONG.. dun fight for the same units and gave developer a positive vibe to up their av psf.

[kane]

Have to write off. Bcoz of previous mistake made, dun make another.

with centro selling at 1600psf, they are really not that far off from moving their units, albeit slowly.

[Super]

https://www.ura.gov.sg/realEstateWeb...Controller.jpf

Sky Habitat Units Sold in the Month of Sep 2012

Month ... Total Launched .. Cumulative Sales .. Median PSF
Apr 12 .. 180 / 509 ....... 131 (131 sold) .... $1,583
May 12 .. 180 / 509 ....... 129 (8 sold) ...... $1,585
Jun 12 .. 180 / 509 ....... 125 (2 sold) ...... $1,582
Jul 12 .. 180 / 509 ....... 130 (5 sold) ...... $1,618
Aug 12 .. 180 / 509 ....... 131 (1 sold) ...... $1,659
Sep 12 .. 180 / 509 ....... 131 (0 sold) ...... NA

Translates to 25.74% sold.

Just curious, can they still go ahead with the build if it is only 25.74% sold?

[chestnut]

Just curious, can they still go ahead with the build if it is only 25.74% sold?

Of course. This is not BTO.

[bargain hunter]

131 seems to be a magic number. after launch in april, it declared 131 sold. after the last few months of more sales and returns, the number has "stabilised" at 131.

https://www.ura.gov.sg/realEstateWeb...Controller.jpf

Sky Habitat Units Sold in the Month of Sep 2012

Month ... Total Launched .. Cumulative Sales .. Median PSF
Apr 12 .. 180 / 509 ....... 131 (131 sold) .... $1,583
May 12 .. 180 / 509 ....... 129 (8 sold) ...... $1,585
Jun 12 .. 180 / 509 ....... 125 (2 sold) ...... $1,582
Jul 12 .. 180 / 509 ....... 130 (5 sold) ...... $1,618
Aug 12 .. 180 / 509 ....... 131 (1 sold) ...... $1,659
Sep 12 .. 180 / 509 ....... 131 (0 sold) ...... NA

Translates to 25.74% sold.

[bargain hunter]

1) capitaland has the resources, regardless of 26% or 0% sold.
2) they have a time limit to keep, not sure if they bought it under the 4 years or 5 years from winning bid rule.

Just curious, can they still go ahead with the build if it is only 25.74% sold?

[Night]

What are the chances of them lowering the price to move the units?

[kane]

1 in the last 2 months. no wonder showroom so quiet, even security guard i think only left 1. heh.

[bakasa2002]

What are the chances of them lowering the price to move the units?

It all depends on how much the plot next to them actually goes for.

[kane]

i like the architecture but the price is a big stumbling block.

[Kanarazu]

i like the architecture but the price is a big stumbling block.

Whenever I view the Mandarin Oriental Hotel from the top, it reminds me of SH. Believe there's another one at Balestier Road that looks similar.

[kane]

Whenever I view the Mandarin Oriental Hotel from the top, it reminds me of SH. Believe there's another one at Balestier Road that looks similar.

but that one in balestier is quite small. does make one look at in awe.

[Komo]

but that one in balestier is quite small. does make one look at in awe.

very soon all the skyline will be gone and you can only catch it from sky habitat or a cheaper alternative from the one beside

[kane]

very soon all the skyline will be gone and you can only catch it from sky habitat or a cheaper alternative from the one beside

Which is that cheaper alternative?

[Komo]

Which is that cheaper alternative?

the plot beside just released lah....should be cheaper, hopefully

[kane]

Hopefully. Keppel land seems to be going on the aggressive of late, the big boys are starting to flex their muscle after letting the newer upstarts dominate the playground.