Brooks collection @ Springside

[yowetan]

I happened to see a brochure on this project while browsing through my daily morning papers.

I am tempted to buy. I will borrow from friends/relatives/company(bank).

Any view(s) on this project.

[land118]

Very nice 2 page pullout in colour....

[yowetan]

Very nice 2 page pullout in colour....

Yes. The layout and space(s) are impressive.

[hopeful]

I happened to see a brochure on this project while browsing through my daily morning papers.

I am tempted to buy. I will borrow from friends/relatives/company(bank).

Any view(s) on this project.

buy a FH condo instead of this project.

[buttercarp]

Finally they advertised.
Was not aware of this project until recently.
Is the new phase facing the park?
This Brookes collection does not have a full roof terrace but an attic which is practical and I like it alot. The bulit up is very well utilised.
There is no household shelter.
Should cost about slightly more than 2.4 mil
Have not been down there yet.
But looks impressive.

[yowetan]

buy a FH condo instead of this project.

What are the reason(s) then?

What are the issue(s) or foreseen problem(s) for this project?

[yowetan]

Finally they advertised.
Was not aware of this project until recently.
Is the new phase facing the park?
This Brookes collection does not have a full roof terrace but an attic which is practical and I like it alot. The bulit up is very well utilised.
There is no household shelter.
Should cost about slightly more than 2.4 mil
Have not been down there yet.
But looks impressive.

I will dispose my HDB and go all out for this if possible.

[buttercarp]

What are the reason(s) then?

What are the issue(s) or foreseen problem(s) for this project?

I don't think there is any issue with this project.
It is a lovely project (from the advert) and situated in a place of greenery.
It is ideal for those who are confident and comfortable in financing it.

[azeoprop]

If u have young children, do note that there are no primary schools within 2km from this location.

But if u like peace and quiet then this is the place for u.

[yowetan]

If u have young children, do note that there are no primary schools within 2km from this location.

But if u like peace and quiet then this is the place for u.

I have 2 infant kids. However, singapore is small that Yishun/AMK primary schools are abundant.

This place is really serene and peaceful. I may plunge my whole fortune in it and take a 90% with my bank.

[Astronotus oscellatus]

I don't think there is any issue with this project.
It is a lovely project (from the advert) and situated in a place of greenery.
It is ideal for those who are confident and comfortable in financing it.

Any problem with flooding in that area?
I remember an agent showing me a house near there years ago...and flooding was a problem in some of the nearby roads cos of topography, and if you are near bottom of slope or not.

[phantom_opera]

Dun buy, u will regret

[azeoprop]

Any problem with flooding in that area?
I remember an agent showing me a house near there years ago...and flooding was a problem in some of the nearby roads cos of topography, and if you are near bottom of slope or not.

Not too sure about now, but the whole springside estate is in a low "valley" area between upper seletar and lower seletar reservoir.

[hopeful]

What are the reason(s) then?

What are the issue(s) or foreseen problem(s) for this project?

well, it being landed, I cannot buy it.
When economy downturns, there will be many vultures circling around looking for firesales. You are a known weakhand (if what you declared in the forum is true, in reality, you may very well be a billionaire, laughing at us poor fools trying to get rich via real estate).

If you buy FH condo, I can buy it from you at 30% off. If you buy landed, even if you offer to sell me at 50%, I also cannot buy.

Furthermore, there is bigger pool of buyers for condo.
If the best price Singaporean offer to you is 50%, you have to accept.
If the best price foreigner offer to you is 30%, you can accept.
Generally, foreigners are richer and more willing to buy during downturn, so easier for you to sell when you firesale, you can get higher price.

As for project itself, the length is not proportional to the width. I am staying in shophouse and it is a hassle if width not wide. get something more squarish.

so please plunge your whole fortune and your friends/relatives/parents fortune into a FH condo now. Can start by sell your HDB, sell your parents property (the one that generate 2000 rental income)

[yowetan]

well, it being landed, I cannot buy it.
When economy downturns, there will be many vultures circling around looking for firesales. You are a known weakhand (if what you declared in the forum is true, in reality, you may very well be a billionaire, laughing at us poor fools trying to get rich via real estate).

If you buy FH condo, I can buy it from you at 30% off. If you buy landed, even if you offer to sell me at 50%, I also cannot buy.

Furthermore, there is bigger pool of buyers for condo.
If the best price Singaporean offer to you is 50%, you have to accept.
If the best price foreigner offer to you is 30%, you can accept.
Generally, foreigners are richer and more willing to buy during downturn, so easier for you to sell when you firesale, you can get higher price.

As for project itself, the length is not proportional to the width. I am staying in shophouse and it is a hassle if width not wide. get something more squarish.

so please plunge your whole fortune and your friends/relatives/parents fortune into a FH condo now.

Thanks for the input. Good insight from your perspective.

[evergreen]

Ulu place. Anyone who lives here must be able to afford one car for each family member.

I wonder how much was paid to develop the flash website. I hate it.

[yowetan]

Which FH condo will be a good one these days then?

[evergreen]

You are in a better financial health status than me. I am 35 year old this year.

I have two infant kids, one is 11+ months old, the other is coming soon. I have a 4.5 year old car too, but still financing with outstanding loan of 30kSGD.

Our family saving is around 100kSGD (cash/shares) in total, and our HDB flat in Central West area has an outstanding bank loan of 460kSGD.

Given the financial situation you wrote (and from what I recall, your household income is not high), I don't think you should buy private property.

[hopeful]

Which FH condo will be a good one these days then?

buy river valley resale condos, because that is the area I am playing. Not too high class, not too low class, just right

Why resale condo in RV?
bigger area - no wasted space - just nice for your family
lower psf - lower quantum - just nice for your budget

[phantom_opera]

Yowetan is the typical product of sg education, wait to be spoon fed

He always started by lamenting his 10k income, boasting about renting out his parents or parents in law hdb, dreaming to stay freehold big big house, continue asking for advice after forumers told him countless time that he can't afford freehold big condo or big house near bukit timah

Goodwill exhausted Liao

[yowetan]

Given the financial situation you wrote (and from what I recall, your household income is not high), I don't think you should buy private property.

Chiaberry in other thread did commented that in days ahead the price can only goes up in view of inflation.

This is to say a dollar today may not get the same thing tomorrow.

I am taking a bold step to beat the inflation.

[hopeful]

Given the financial situation you wrote (and from what I recall, your household income is not high), I don't think you should buy private property.

Yowetan, dont listen to the naysayers.
1) You want to follow the rich on how to be rich?
or 2) you want to follow people like yourself who currently CMI?

Albert Einstein definition of insanity:
Insanity: doing the same thing over and over again and expecting different results.

You expect to get rich by continuing the same way of doing things you have been doing for 15 years? You are insane indeed.

[phantom_opera]

Sigh try summer garden near tanah merah, my last post to u

[yowetan]

buy river valley resale condos, because that is the area I am playing. Not too high class, not too low class, just right

Why resale condo in RV?
bigger area - no wasted space - just nice for your family
lower psf - lower quantum - just nice for your budget

River Valley seems cluttered with old folks and sleaky businesses. It is in a good location but too urban; I prefer greenary and serene environment.

Nonetheless, I will scout around River Valley again to see if there is any opportunity there.

[focus]

I have 2 infant kids. However, singapore is small that Yishun/AMK primary schools are abundant.

This place is really serene and peaceful. I may plunge my whole fortune in it and take a 90% with my bank.

Sound very scary from your last statement. You have to take 90% loan even when you plunge your whole fortune into a $2.4mil house?

You got only $240k ??

[yowetan]

Sigh try summer garden near tanah merah, my last post to u

Your contribution is insignificant and unconstructive.

If you cannot see eye-to-eye with me, you can simply ignore me like I did.

Thanks for your kind consideration.

[yowetan]

Sound very scary from your last statement. You have to take 90% loan even when you plunge your whole fortune into a $2.4mil house?

You got only $240k ??

I am intending to leveraging from my bank's staff loan scheme.

I am looking at loaning 35-40 years if possible. My wife is 30 years old.

[buttercarp]

Any problem with flooding in that area?
I remember an agent showing me a house near there years ago...and flooding was a problem in some of the nearby roads cos of topography, and if you are near bottom of slope or not.

Not too sure about now, but the whole springside estate is in a low "valley" area between upper seletar and lower seletar reservoir.

Did not know about that.
Does that explain why the price is lower than Luxus Hills and Pavilion Park?
Or is it because it is in a relatively ulu area compared to the other 2 projects?
Got a friend who lives in Springleaf which is quite near springside.
He has been living there for 10 years with no issues of flooding.

[focus]

I am intending to leveraging from my bank's staff loan scheme.

I am looking at loaning 35-40 years if possible. My wife is 30 years old.

Then I have to agree with hopeful. Rather you go looked at FH condo below $2mil and rent it out. You can beat inflation too with an investment condo instead of a landed for you to stay.

[yowetan]

Then I have to agree with hopeful. Rather you go looked at FH condo below $2mil and rent it out. You can beat inflation too with an investment condo instead of a landed for you to stay.

This is why I thanked hopeful for his/her insight.

I am still sourcing for a place for my growing members, consolidating all family members under a roof, maximising and controlling the expenditure flow.