Just to add, recently the papers mentioned that Jalan Besar is in line to be the new Tiong Bahru. should this really happen, then boonkeng will surely benefit. look at how redhill prices have soared.. with the rise in profile of tiong bahru. so much so that is is probably on pars with TB now.
Jalan besar may seem v messy and old now (even i agree with this), but again, such aspects are temporary and may change over time. should it become developed and attract the crowds, the focus may gradually shift to boonkeng.
I've had enough. I'm done!!!
I bought it on the 2nd last day of soft launch and was told it would increase another 2-3% on official launch. Not sure how true but looking at current pricing, it is still reasonably priced. Higher pricing is because the lower floors have been taken up and left the high floors.
True. UE marketing strategy really cannot make it. if anything, that has resulted in only 70% sales so far. like u said, should fareast have been the developer 8RS would be likely fully sold, and at a much higher price, taking into account prices at potong pasir which is further away from the city.
in a way this is a good thing which means that buyers have bought at a lower price than it should be. look at OCR prices - sengkang 1000-1200psf. tanah merah 1300-1500psf. bukit panjang 1000-1100psf. kovan 1200-1300psf. and JURONG - dont have to say much more.
so this boonkeng project, at 1300-1400psf, sounds rather reasonable. as close to the city as redhill, where echelon is going for 1700-1800psf. of course i agree redhill is definitely more atas, but convenience wise they are both on par. so the 400psf difference to me, is not justified.
I've had enough. I'm done!!!
Absoutley agree. After all, it is the marketing strategy. I am surprised ppl are willing to pay for what you have mentioned above for areas in Sengkang & Bukit Panjang. When my agent asked if I am interested in Echelon, I shaked my head. That 400psf really a Big difference to me too!
Hi, anyone knows if the showflat is still open for viewing? and the current price for the 3 & 4 bedders?
buy buy buy
IMHO, the following factors will help 8RS realise its value. Some factors are more immediate than the others:
- completion of sports hub
- en-bloc of the old private estates (e.g. Euro- Asia, st Francis court)
- new HDB flats at BOon keng reach 5-yr MOP
- site at serangoon road get launched
- new mrt line with bendemeer station open
i like your analysis timmy. and hyenergix - thanks for your expert opinion.
in my amateur opinion, i think points no. 2/3/4/5 will have significant impact on boonkeng house prices. however, the biggest and most important factor is still the overall upgrading of the estate, ie, getting rid of the 1 room HDBs.
I've had enough. I'm done!!!
yes getting rid of the old hdbs with ground floor retail will have one of the largest impact to 8 riversuites
As the HDBs are zoned residential with ground floor retail, if sold to private developers it will be relaunch as something similar to The Venue Residences.. perhaps at a larger scale. The price will also be higher than The Venue as it is at a better location and closer to mrt/city. 8 riversuites prices will naturally appreciate when the surroundings get enhanced and also when the new launches in close proximity are priced higher.
Imagine in future walking from 8 riversuites to Mrt is not thru the old HDB but new condo development with new retails shops... the vibe is whole lot different!
Wow that's really expensive for lakeside, which is actually considered jurong west, not even jurong east. And yes it's pretty much the same price as eight riversuites! Location wise really it's no comparison. So either one is underpriced or the other is overpriced. Ppl don't seem to think j gateway was overpriced, so all I can say is that 8RS is underpriced. What's the price for 2 bedder btw?
I've had enough. I'm done!!!
......cannot upload photo