Just returned from the FEO dinner. Was raining very heavily. Some updates:
1) Over 90% sold. Left 40 something units unsold, mostly in Tower 9 which is the tower right at the main entrance.
2) Units are still moving and FEO maintain that they have not and will not cut prices as they are confident of sales.
3) There is strong hint that there are number of potential buyers wanting to buy choice units which have already been sold. Owners looking to sell should check with their agents.
4) Foundation for towers 17, 15 and 11 was completed in October. Foundation for towers 5, 7 and 9 was completed in November. Foundation for remaining towers 1 and 3 will be completed by end December.
5) FEO is confident that construction will be completed by Q1 2016 or earlier.
6) Was told ceiling height is 3m.
7) FEO is firm that they will not be able to accede to any special requests with regards to modifying the fittings of the units (eg. Change floor tiles, don't build cabinets etc.).
Presentation focused a lot on the future developments in the east (eg. Terminal 4, sutd, tampines north, tampines lifestyle hub, shifting of PLAB etc and how these benefit QBay owners.
That's all folks.![]()