Sky Habitat - Bishan

**testtest** · 09-04-12, 10:10

i think what will happen is they will launch at 1500-1600 psf and it will be a sell out...

**insigina** · 09-04-12, 10:21

Originally Posted by testtest

i think what will happen is they will launch at 1500-1600 psf and it will be a sell out...

It is not likely for anyone to pay 1500 psf for low floors (below 10). It probably need to be 1400 - 1450 psf max for 3 bedder and under. Its even more unlikely at 1500 psf for 4 bedder. The quantum would be over $2.6 mil

**Wild Falcon** · 09-04-12, 10:24

Bishan 8 owners bought the place 14 years ago at 1100psf. Up till today, lease is running down, the owners hardly breakeven. I believe this is the ONLY condo in SG hasn't broken even after so long. And considering the lease has run down 15%, its only downhill from here.

So I'm not surprised if the next "history" is going to repeat at Sky Habitat. Buyers buy at 1800psf, maybe 14 years later still 1800psf. Or worse still, considering lease depreciation for a 99LH property, the probability of it being worth less is quite high.

Or perhaps the Bishan 8 owners decide to "rebalance" their portfolio and switch to SkyHabitat instead. Same bunch of people may have same mentality....Buy high and hope to sell higher.

Originally Posted by phantom_opera

1700psf into 600sqft is 1 million ... at this quantum many other alternatives can be considered

I think history will repeat itself, Bishan 8 @ 1100psf, Sky Habitat @ 1,700psf

**kane** · 09-04-12, 10:56

If correction comes, i wait to buy over from subsale at 1000psf. Heh.

**lufu** · 09-04-12, 11:07

Originally Posted by kane

If correction comes, i wait to buy over from subsale at 1000psf. Heh.

EC support level at $750 psf and mature estate HDB at $500 psf it will be difficult to see $1000 psf for sky habitat. I will buy without hesitant if it's $1000 psf. haha...

**kane** · 09-04-12, 11:11

1000psf is 2x hdb and 250psf higher than EC. That sounds fairly reasonable in a economy under stress.

**dh13660** · 09-04-12, 21:54

Any chance of Bishan8 getting enbloc now that SH has taken over its mantle?

1100 psft looks real cheap now

**mantrix** · 09-04-12, 22:07

Originally Posted by lufu

EC support level at $750 psf and mature estate HDB at $500 psf it will be difficult to see $1000 psf for sky habitat. I will buy without hesitant if it's $1000 psf. haha...

dun forget Centro Residences @ AMK hovering at 1500psf+...and those are for 2 bedders...

if SH launched at same psf for 2 bedders then they will be a better buy IMO

**testtest** · 09-04-12, 22:22

Originally Posted by insigina

It is not likely for anyone to pay 1500 psf for low floors (below 10). It probably need to be 1400 - 1450 psf max for 3 bedder and under. Its even more unlikely at 1500 psf for 4 bedder. The quantum would be over $2.6 mil

Let's see....never know how deep people pockets are nowadays

**insigina** · 09-04-12, 22:29

Originally Posted by testtest

Let's see....never know how deep people pockets are nowadays

Discounts just released.

3% early bird (Sat & Sun)
1% neighbouthood
1% return customer
1% multiple purchase (2 units and above).

So max discount is 6%. Those hoping for 15+10+3+ etc...forget it.

**kane** · 09-04-12, 22:51

Originally Posted by insigina

Discounts just released.

3% early bird (Sat & Sun)
1% neighbouthood
1% return customer
1% multiple purchase (2 units and above).

So max discount is 6%. Those hoping for 15+10+3+ etc...forget it.

that's not a lot, let see how the response is this weekend.

**amk** · 09-04-12, 22:55

Hey 1700 6% off is exactly 1600 psf.

**hyenergix** · 09-04-12, 22:56

To qualify for 1% more discount, the condition is to wear this attire to the showroom:
http://jessicachivers.com/wp-content...carrot-top.jpg

**kane** · 09-04-12, 22:58

Originally Posted by hyenergix

To qualify for 1% more discount, the condition is to wear this attire to the showroom:
http://jessicachivers.com/wp-content...carrot-top.jpg

for self admission, maybe you're entitled to extra absd absorption.

**lufu** · 09-04-12, 23:11

Originally Posted by kane

for self admission, maybe you're entitled to extra absd absorption.

Or anyone named Robert could also get extra discount.

(no disrespect to any genuine Robert)

**Rosy** · 09-04-12, 23:24

Originally Posted by insigina

Discounts just released.

3% early bird (Sat & Sun)
1% neighbouthood
1% return customer
1% multiple purchase (2 units and above).

So max discount is 6%. Those hoping for 15+10+3+ etc...forget it.

i was told prices start from 1500psf.

Congrats to homeowners in the vicinity.

**kane** · 09-04-12, 23:50

how bishan estate could be smiling.

**amk** · 10-04-12, 09:55

Originally Posted by Rosy

i was told prices start from 1500psf.

really 1500 ? goodie... a lot of interest at this level I think...

**Wild Falcon** · 10-04-12, 10:02

Purposely leak to newspapers its 1700 or 1800psf and most expensive suburban condo EVER for months. Now if 1500psf malu leh. Anyway, maybe marketing strategy lah. At first tell pple its supposed to be 1800psf, now "discounted" to 1600psf and people will bite. Nowadays Capitaland chut the most pattern when it comes to property launch. Even their overzealous agents also get in trouble for indiscriminate display of banners etc. Pattern more than badminton.

Marketing tagline: Be the one who buy the most expensive suburban condo EVER? 99LH.....

**insigina** · 10-04-12, 10:14

Originally Posted by Wild Falcon

Purposely leak to newspapers its 1700 or 1800psf and most expensive suburban condo EVER for months. Now if 1500psf malu leh. Anyway, maybe marketing strategy lah. At first tell pple its supposed to be 1800psf, now "discounted" to 1600psf and people will bite. Nowadays Capitaland chut the most pattern when it comes to property launch. Even their overzealous agents also get in trouble for indiscriminate display of banners etc. Pattern more than badminton.

Marketing tagline: Be the one who buy the most expensive suburban condo EVER? 99LH.....

Although leaked to papers, they also have many patterns to skirt it...early bird, average, median, high floor, smallest units, the list goes on.

**DaytonaSS** · 10-04-12, 11:34

very interesting to see the interest at $1400-$1500 psf range since Bedok residence was selling very well at $1200-$1400 range. The convenience factor is highly valued in today's environment.

If it sells well, it confirms my opinion that development in area ard 500m of MRT will continue to command a super premium. As COE and oil prices continue to intensifies, this premium will only continue to hold or expand.

With tons of units flooding the market in the next 3 years, it important to identify the gems so its values will hold in good or bad times.

clearly Bishan 8 prices are on the climb since feb 2011 from average 979 psf to $1265 psf for 1163 sqft unit in 1 year. So this SH is bring some happiness to condo owners area the area.

Btw if you check the original developer, WF is SPOT on. its coincides with my observation FEO development are priced 10 years in advance. So launch at 2000, now 2012. The FEO property owners finally can start to see some profits all thanks to SH.

Bishan condo owners must be looking damn happy now

**august** · 10-04-12, 11:50

Originally Posted by Wild Falcon

Purposely leak to newspapers its 1700 or 1800psf and most expensive suburban condo EVER for months. Now if 1500psf malu leh. Anyway, maybe marketing strategy lah. At first tell pple its supposed to be 1800psf, now "discounted" to 1600psf and people will bite. Nowadays Capitaland chut the most pattern when it comes to property launch. Even their overzealous agents also get in trouble for indiscriminate display of banners etc. Pattern more than badminton.

Marketing tagline: Be the one who buy the most expensive suburban condo EVER? 99LH.....

dont blame capitaland, they leave the marketing to the marketing agent lah.

**kane** · 10-04-12, 12:18

Still the forum here more chun on the pricing. 1700psf was just unbelieveable.

**lufu** · 10-04-12, 22:25

Just before their launch on the 14th, market is in a sea of red.
Would be interesting to see the response this Saturday

**ecimbew** · 10-04-12, 22:31

??!!??!!!!!

Source

**azeoprop** · 10-04-12, 22:33

Another Bishan 8 in the making?

**lufu** · 10-04-12, 22:50

Originally Posted by azeoprop

Another Bishan 8 in the making?

In earlier decline, it was a direct result of external factors like
Asian Crisis, Dotcom Bubble, Sept 11, SARS, IRAQ War, Global Financial Crisis

this time round the decline is caused by 5 rounds of cooling measures unlike earlier declines.

5 rounds of cooling measures, removal of FIS, removal of condo strata house
+ abundant global liquidity
+ easing monetary policy
+ deliberately keeping interest rates low

property is now a high stake bet... unlike anything we have seen before.

**fclim** · 10-04-12, 22:54

Originally Posted by DaytonaSS

its coincides with my observation FEO development are priced 10 years in advance. So launch at 2000, now 2012. The FEO property owners finally can start to see some profits all thanks to SH.
Bishan condo owners must be looking damn happy now

Dun think so. Nobody, including our gahmen could have predicted the current bull run 10 years ago. Otherwise, no need for CMs liao.. Had it not been for the sudden influx of immigrants, low interest rates, huge liquidity, the current bull run would not have happened.

FEO could not have predicted 911, SARS, Lehman crisis and subsequently QEs 1 and 2.

**DaytonaSS** · 11-04-12, 01:16

Originally Posted by fclim

Dun think so. Nobody, including our gahmen could have predicted the current bull run 10 years ago. Otherwise, no need for CMs liao.. Had it not been for the sudden influx of immigrants, low interest rates, huge liquidity, the current bull run would not have happened.

FEO could not have predicted 911, SARS, Lehman crisis and subsequently QEs 1 and 2.

Future pricing= very expensive in current day market , means buyer very hard to make $$$ in the near future. Not can predict the future. Y FEO want to predict for what..... Its the buyer buy Liao predict near future chong. That's y season players say resale more value. I only quote FEO as they set top price in most areas they r in, except bishan now.........

**flagship74** · 11-04-12, 08:42

i think SH can buy..buy call from me

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