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Thread: KATONG REGENCY 70% SOLD AT AVERAGE $1600psf

  1. #1
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    Default KATONG REGENCY 70% SOLD AT AVERAGE $1600psf

    Finally you can see Geylang Serai condo selling for $1600psf..and mind u, this condo is located at the Geylang Serai area which will be bustling, crowded and noisy during the 30-days fasting month of Ramadan.

    This location is not really ideal for living. A smelly wet market is just like 50 metres away, and opposite is the run-down City Plaza complex. As an agent myself, I find it hard to believe that there are still people willing to commit big money to such location.

    As a responsible agent, I would not recommend any buyers to consider this judging by the steep psf prices. There are so many other better nicer choices like Fulcrum (near prime Tanjong Rhu area) which is launching today with a psf price expected from $1500-2300, or Meyer Rise which is located at the prime freehold district of Meyer Road and still have 100 over units left for sale. These 2 developments have nicer architecture and facilities and their design themes are far and above Katong Regency design/layout concepts.

    Guess if the property market corrects by 10-15%, this kind of development will see the most correction in price.

    I guess those who bought have not done a proper homework. They have been consumed by the tall words of some agents who over marketed the Paya Lebar HUB which is still years away. A home must always be a home and not a busy place to live. Some agents say good rental...but show me the $$$...the HUB is still not ready yet and not everyone wants to be living so close to their working place. And with that kind of $1.5-2.5 million price for 2 and 3 bedroom, can the tenants who work at the HUB afford to pay sky high rentals from $5-8k ??? If the buyers want to capture good quality tenants, most of these tenants work closer to city or prime districts and not near Geylang Serai unfortunately. Even in D15, this location is not even close in 'quality of living' rating compared to Meyer, Amber, Tanjong Rhu or Marine Parade.

    This is a fact but many less experienced investors fail to realise.

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    Quote Originally Posted by Shawn
    Finally you can see Geylang Serai condo selling for $1600psf..and mind u, this condo is located at the Geylang Serai area which will be bustling, crowded and noisy during the 30-days fasting month of Ramadan.

    This location is not really ideal for living. A smelly wet market is just like 50 metres away, and opposite is the run-down City Plaza complex. As an agent myself, I find it hard to believe that there are still people willing to commit big money to such location.

    As a responsible agent, I would not recommend any buyers to consider this judging by the steep psf prices. There are so many other better nicer choices like Fulcrum (near prime Tanjong Rhu area) which is launching today with a psf price expected from $1500-2300, or Meyer Rise which is located at the prime freehold district of Meyer Road and still have 100 over units left for sale. These 2 developments have nicer architecture and facilities and their design themes are far and above Katong Regency design/layout concepts.

    Guess if the property market corrects by 10-15%, this kind of development will see the most correction in price.

    I guess those who bought have not done a proper homework. They have been consumed by the tall words of some agents who over marketed the Paya Lebar HUB which is still years away. A home must always be a home and not a busy place to live. Some agents say good rental...but show me the $$$...the HUB is still not ready yet and not everyone wants to be living so close to their working place. And with that kind of $1.5-2.5 million price for 2 and 3 bedroom, can the tenants who work at the HUB afford to pay sky high rentals from $5-8k ??? If the buyers want to capture good quality tenants, most of these tenants work closer to city or prime districts and not near Geylang Serai unfortunately. Even in D15, this location is not even close in 'quality of living' rating compared to Meyer, Amber, Tanjong Rhu or Marine Parade.

    This is a fact but many less experienced investors fail to realise.
    You must be a terrible agent poor sales all these months?

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    Quote Originally Posted by price
    You must be a terrible agent poor sales all these months?
    Why u bother to reply him. He talks down other projects as smelly in order to make his vested one look good... Even a 3yo can tell his intention.

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    *yawn*
    I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)

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    I am not sure what Shawn's interest was, I do however, agree with him that KR as compare with other parts of D15 is not ideal for comfort residential living. For much lower price, one could buy Butterworth 8 or Haig Court. One could also buy condo at Amber area (200m from KR) for less and probably for the same price around Meyer area.

    I am not even sure for investment, KR can be better than The Seaview or other FH condo such as The Esta etc which are also close to Parkway Parade and town centre.

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    Same here, agenda aside, i totally agreed what he said. But KR to me is still ok. I dont understand Sky Habitat...

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    Quote Originally Posted by Akira Fudou
    Same here, agenda aside, i totally agreed what he said. But KR to me is still ok. I dont understand Sky Habitat...
    Am concerned about the spill over effect from City Plaza once 1KM mall is ready. Drove by one Sunday afternoon and noticed CP was a hangout for maids and their bf.

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    Quote Originally Posted by Shawn
    Finally you can see Geylang Serai condo selling for $1600psf..and mind u, this condo is located at the Geylang Serai area which will be bustling, crowded and noisy during the 30-days fasting month of Ramadan.

    This location is not really ideal for living. A smelly wet market is just like 50 metres away, and opposite is the run-down City Plaza complex. As an agent myself, I find it hard to believe that there are still people willing to commit big money to such location.

    As a responsible agent, I would not recommend any buyers to consider this judging by the steep psf prices. There are so many other better nicer choices like Fulcrum (near prime Tanjong Rhu area) which is launching today with a psf price expected from $1500-2300, or Meyer Rise which is located at the prime freehold district of Meyer Road and still have 100 over units left for sale. These 2 developments have nicer architecture and facilities and their design themes are far and above Katong Regency design/layout concepts.

    Guess if the property market corrects by 10-15%, this kind of development will see the most correction in price.

    I guess those who bought have not done a proper homework. They have been consumed by the tall words of some agents who over marketed the Paya Lebar HUB which is still years away. A home must always be a home and not a busy place to live. Some agents say good rental...but show me the $$$...the HUB is still not ready yet and not everyone wants to be living so close to their working place. And with that kind of $1.5-2.5 million price for 2 and 3 bedroom, can the tenants who work at the HUB afford to pay sky high rentals from $5-8k ??? If the buyers want to capture good quality tenants, most of these tenants work closer to city or prime districts and not near Geylang Serai unfortunately. Even in D15, this location is not even close in 'quality of living' rating compared to Meyer, Amber, Tanjong Rhu or Marine Parade.

    This is a fact but many less experienced investors fail to realise.
    Agree that areas surrounding KR not the most ideal for young families esp during weekends but this is FH and near mRT and city and price is relatively cheaper than some LH.

    For rental yields, which FH condos in Amber, MP and Meyer will be better than KR?

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    Quote Originally Posted by ekl2ekl2
    Agree that areas surrounding KR not the most ideal for young families esp during weekends but this is FH and near mRT and city and price is relatively cheaper than some LH.

    For rental yields, which FH condos in Amber, MP and Meyer will be better than KR?
    KR is not even built yet, so how to compare rental yield? Best case projection for KR is rental yield may be comparable to Marine Parade or slightly better because it is new (when TOP years later) and next to MRT station. Marine Parade, Amber and Meyer areas are proven residential areas with town centre facilities and come at lower prices. Ease of rental is key.

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    is paya lebar lor, what katong? lol

    next time someone build a condo in ponggol with a small garden/orchard theme also can name it Orchard Regency hahaha.

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    Quote Originally Posted by Leeds
    I am not sure what Shawn's interest was, I do however, agree with him that KR as compare with other parts of D15 is not ideal for comfort residential living. For much lower price, one could buy Butterworth 8 or Haig Court. One could also buy condo at Amber area (200m from KR) for less and probably for the same price around Meyer area.

    I am not even sure for investment, KR can be better than The Seaview or other FH condo such as The Esta etc which are also close to Parkway Parade and town centre.
    mixed developments always demand a premium

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    Quote Originally Posted by august
    is paya lebar lor, what katong? lol

    next time someone build a condo in ponggol with a small garden/orchard theme also can name it Orchard Regency hahaha.
    It is next to tanjong katong road.

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    Quote Originally Posted by price
    It is next to tanjong katong road.
    Tanjong Regency suits better esp considering the type of crowds the mall gonna be drawing...

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    Quote Originally Posted by carbuncle
    Tanjong Regency suits better esp considering the type of crowds the mall gonna be drawing...
    I honestly don't think this area is that bad. Especially by the time KR is built and all the other nearby commercial buildings are done up.

    Why is everyone here so racist? Do you think every forumer here are of your race? Do u think every reader are Singaporean?

    Not targeting this at u cabuncle, just in general. Over at Millage, before the launch, people were giving all sort of racist remarks just because of its location and proximity to the Geylang Serai Market.

    A great investor will invest anywhere as long as it makes good $. Why be bothered about the race and nationalities of the people in that area? In that case these people will never venture into the global market. Narrow minded .

    My is, the people who are talking down projects or investments decisions because of race/nationalities are people who will never be successful. Great people should have a great heart.

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    Quote Originally Posted by price
    mixed developments always demand a premium
    But whether it will sell at a premium later on in the lifecycle.
    Look at opposite.. Lion City Plaza.. similar concept but build ages ago.

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    Quote Originally Posted by price
    I honestly don't think this area is that bad. Especially by the time KR is built and all the other nearby commercial buildings are done up.

    Why is everyone here so racist? Do you think every forumer here are of your race? Do u think every reader are Singaporean?

    Not targeting this at u cabuncle, just in general. Over at Millage, before the launch, people were giving all sort of racist remarks just because of its location and proximity to the Geylang Serai Market.

    A great investor will invest anywhere as long as it makes good $. Why be bothered about the race and nationalities of the people in that area? In that case these people will never venture into the global market. Narrow minded .

    My is, the people who are talking down projects or investments decisions because of race/nationalities are people who will never be successful. Great people should have a great heart.
    You sound all high and mighty young man. I salute you. Your thinking is still straight as an arrow. Most of your opinions I same frequency except this one. I follow MIW policy. Now they shut out foreigners, I also anti-foreigner. If and when they open doors again I will also welcome with wide open arms. I am a good citizen. You opposition supporter? ;-) (pls note satire)

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    Quote Originally Posted by price
    mixed developments always demand a premium
    It is only now that there is a high demand for mixed developments because the thinking is that such developments are easier to rent out.

    If we look at some older mixed developments such as Queensway Shopping Centre, City Plaza and Crescendo Building (at Siglap). The demand for these developments is low and cost less than other full residential developments nearby. There is no premium for these older mixed developments unless they have en bloc potential. Then again, en bloc for mixed developments can be very difficult as we all know.

    These new mixed developments will become old someday and their fate are likely to be similar to that of older mixed developments we see today. Are they really worth the premium in the longer term?????

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    Quote Originally Posted by carbuncle
    You sound all high and mighty young man. I salute you. Your thinking is still straight as an arrow. Most of your opinions I same frequency except this one. I follow MIW policy. Now they shut out foreigners, I also anti-foreigner. If and when they open doors again I will also welcome with wide open arms. I am a good citizen. You opposition supporter? ;-) (pls note satire)

    Haha thanks for the compliments!

    I am a policy supporter. I used to be quite narrow minded but as i step into society, I realised how important some of our countries' policies are. Most Singaporeans I know however like to complaint about every single policy. Good or bad. All they know is to receive free GST$ it is good. Some still complain because their parents live in Condo, thus, lower sum of free $.

    Policies that doesnt bother them, they rebuke. Just like how Singapore Govt is able to help the poor afford HDB, when our MP mentioned that in his budget, netizens went crazy.

    How many of such netizens were under the <$1000 household income category? These citizens probably don't own internet connection or a simple netbook at all.

    We should favor good macro and micro policies as well as social ones. Not just rebuke everything the govt is doing. Of course every organisation needs constant checks and balances. Nothing is perfect. Instead of rebuking, why not provide solutions?

    Ok sidetrack too much.

    Indeed foreigners affect property prices for us investors. I'm not saying i favor them cutting down the numbers. But I have nothing against Katong, Geylang area just because of its crowd. Look at rochor road, farrer park, owen road area. Used to be somewhere people stay away from. Look at prices of City Sq now. First batch buyers are sitting on more than 3 fold gains now. Tell me why do you bother if you are a savvy investor? you'd have missed out the boat just because you wanna stay away from certain group of people!

    Will we avoid duxton, chinatown area? A few years from now, the MOP of duxton hdb will be satisfied. By then, we will see HDB prices soaring above 1mil. Are we stupid to avoid that area because there're too many certain group of people in Chinatown?

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    this could become a lucky plaza or golden mile

    but business can always adapt to the crowd. Money remittance service, Pinoy restaurant or Golden Mile, Thai food specialist

    as long as it make money, everyone's happy.

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    Quote Originally Posted by speculator
    this could become a lucky plaza or golden mile

    but business can always adapt to the crowd. Money remittance service, Pinoy restaurant or Golden Mile, Thai food specialist

    as long as it make money, everyone's happy.
    There is an inherent unknown about this development. UOL is controlling the retail. What if they decide to sell? what would be the profile of the buyers? Also, what if they unilaterally decide to enbloc? Can residents object? Remember they hold ownership over the mall and I am sure their shares in this development is high. By they way, resident carpark at 6th floor is kinda tedious.

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    Quote Originally Posted by Shawn
    Finally you can see Geylang Serai condo selling for $1600psf..and mind u, this condo is located at the Geylang Serai area which will be bustling, crowded and noisy during the 30-days fasting month of Ramadan.

    This location is not really ideal for living. A smelly wet market is just like 50 metres away, and opposite is the run-down City Plaza complex. As an agent myself, I find it hard to believe that there are still people willing to commit big money to such location.

    As a responsible agent, I would not recommend any buyers to consider this judging by the steep psf prices. There are so many other better nicer choices like Fulcrum (near prime Tanjong Rhu area) which is launching today with a psf price expected from $1500-2300, or Meyer Rise which is located at the prime freehold district of Meyer Road and still have 100 over units left for sale. These 2 developments have nicer architecture and facilities and their design themes are far and above Katong Regency design/layout concepts.

    Guess if the property market corrects by 10-15%, this kind of development will see the most correction in price.

    I guess those who bought have not done a proper homework. They have been consumed by the tall words of some agents who over marketed the Paya Lebar HUB which is still years away. A home must always be a home and not a busy place to live. Some agents say good rental...but show me the $$$...the HUB is still not ready yet and not everyone wants to be living so close to their working place. And with that kind of $1.5-2.5 million price for 2 and 3 bedroom, can the tenants who work at the HUB afford to pay sky high rentals from $5-8k ??? If the buyers want to capture good quality tenants, most of these tenants work closer to city or prime districts and not near Geylang Serai unfortunately. Even in D15, this location is not even close in 'quality of living' rating compared to Meyer, Amber, Tanjong Rhu or Marine Parade.

    This is a fact but many less experienced investors fail to realise.
    i dont want to stay in a stretch of road where in condos 60% n more could be rich snobbish pple whom back ground came from a caste system. i heard in 1 condo, 60% of them petition to management to bar maids from taking lift and can only use cargo lift.

    the quality of life is indeed very high on that road. not hard to guess y they all like to stay on 1 road. if you belong to the "caste", look for shawn, he will show u membership into this highest quality of living among your peers. your unit will also get lots of sunshine to enhance the quality of living.

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    Quote Originally Posted by DaytonaSS
    i dont want to stay in a stretch of road where in condos 60% n more could be rich snobbish pple whom back ground came from a caste system. i heard in 1 condo, 60% of them petition to management to bar maids from taking lift and can only use cargo lift.

    the quality of life is indeed very high on that road. not hard to guess y they all like to stay on 1 road. if you belong to the "caste", look for shawn, he will show u membership into this highest quality of living among your peers. your unit will also get lots of sunshine to enhance the quality of living.

    that's a disgraceful petition.

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    Quote Originally Posted by DaytonaSS
    i dont want to stay in a stretch of road where in condos 60% n more could be rich snobbish pple whom back ground came from a caste system. i heard in 1 condo, 60% of them petition to management to bar maids from taking lift and can only use cargo lift.

    the quality of life is indeed very high on that road. not hard to guess y they all like to stay on 1 road. if you belong to the "caste", look for shawn, he will show u membership into this highest quality of living among your peers. your unit will also get lots of sunshine to enhance the quality of living.

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    Quote Originally Posted by DaytonaSS
    i dont want to stay in a stretch of road where in condos 60% n more could be rich snobbish pple whom back ground came from a caste system. i heard in 1 condo, 60% of them petition to management to bar maids from taking lift and can only use cargo lift.

    the quality of life is indeed very high on that road. not hard to guess y they all like to stay on 1 road. if you belong to the "caste", look for shawn, he will show u membership into this highest quality of living among your peers. your unit will also get lots of sunshine to enhance the quality of living.
    Well go ahead and buy Geylang Serai Regency then. I heard the studio at 581 sq.ft has been sold at $980k...and most of the buyers are people who have shops there or stay close to that location. They buy through advanced booking system, as such, there were trapped into buying it thinking that this condo wont be that expensive when launch but since they have issued a blank cheque to the agent, agent just proceed with the bookings.

    I am curious how many will just forfeit their 1% deposit. I got the feeling quite a good handful.

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    Quote Originally Posted by price
    It is next to tanjong katong road.
    It is more like in Geylang Serai than Tanjong Katong cause its located right at the edge of Geylang Serai and TK road.

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    Quote Originally Posted by Shawn
    It is more like in Geylang Serai than Tanjong Katong cause its located right at the edge of Geylang Serai and TK road.
    So? still TK road right?

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    Quote Originally Posted by Shawn
    Well go ahead and buy Geylang Serai Regency then. I heard the studio at 581 sq.ft has been sold at $980k...and most of the buyers are people who have shops there or stay close to that location. They buy through advanced booking system, as such, there were trapped into buying it thinking that this condo wont be that expensive when launch but since they have issued a blank cheque to the agent, agent just proceed with the bookings.

    I am curious how many will just forfeit their 1% deposit. I got the feeling quite a good handful.
    I don't believe this. This is a serious offence of the agents, They'll get their licenses revoked. I dropped a cheque and i was at the VVIP preview. You're full of nonsense.

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    Quote Originally Posted by Shawn
    Well go ahead and buy Geylang Serai Regency then. I heard the studio at 581 sq.ft has been sold at $980k...and most of the buyers are people who have shops there or stay close to that location. They buy through advanced booking system, as such, there were trapped into buying it thinking that this condo wont be that expensive when launch but since they have issued a blank cheque to the agent, agent just proceed with the bookings.

    I am curious how many will just forfeit their 1% deposit. I got the feeling quite a good handful.
    Buyers still have to sign OTP which is a legal document to confirm the deal. Agents cannot just bank in the blank cheque.

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    Beware developer can sue u for spreading Negative untrue remark
    Ride at your own risk !!!

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    Quote Originally Posted by Kanarazu
    Buyers still have to sign OTP which is a legal document to confirm the deal. Agents cannot just bank in the blank cheque.
    Agents don bank in cheque. Its developer that bank in cheque. Without OTP signed, don think Dev will bank in cheque la... Buyer so stupid meh, if didnt sign OTP and can't get back the cheque, cannot stop the cheque meh??

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