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Thread: Strong demand for all categories of D'Nest units

  1. #1
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    Default Strong demand for all categories of D'Nest units

    http://www.businesstimes.com.sg/arch...units-20130319

    Published March 19, 2013

    Strong demand for all categories of D'Nest units

    By jasmine ng


    SOME 500 of the 650 units released for sale at D'Nest, a 99-year leasehold condominium in Pasir Ris Grove, have been sold since its preview launch last Friday.

    The 912-unit project, jointly developed by City Developments (CDL), Hong Leong Holdings, and Hong Realty, has a site area of 444,284 square feet.

    CDL said yesterday that it had released more units progressively across all unit-type configurations to cater to the "overwhelming positive demand".

    The units were going for an intended average price of $990 per square foot (psf), but CDL had offered buyers an early-bird discount to make up for the Additional Buyer's Stamp Duty which some buyers had to pay.

    This brought down the average price to about $920 psf, but this has since been adjusted up by about 2 per cent, CDL said.

    D'Nest comprises 12 blocks of 11- to 13-storey apartments and three clubhouses.

    It has a range of one- to four-bedroom units, five- bedroom dual-key apartments, and 10 dual-key penthouses with five or six bedrooms. The one-bedroom units each cost about $498,000, and two bedders, some $680,000.

    Prices for three-bedroom units start at $820,000, and four-bedroom apartments, at $1.15 million.

    CDL said about 80 per cent of the buyers are Singaporeans, while foreigners and permanent residents are mainly from Malaysia, China, and Indonesia.

    The developer added: "Some already live in the Pasir Ris vicinity and/or are buyers of CDL's other nearby developments such as the Livia and NV Residences; they are confident of D'Nest's potential capital appreciation and rental yield."

    D'Nest is located within walking distance of Pasir Ris MRT station and White Sands shopping mall. It is slated to be completed in 2017.

  2. #2
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    huat ah pasir ris...
    In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...

  3. #3
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    How many % sold?

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    teddybear is offline Global recession is coming....
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    You are 24601

    [quote=WhoAmI?]

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    [QUOTE=teddybear]You are 24601

    Jean Valjean? lol

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    I wonder how many of 912 buyers will cry when it (market) finally crashes.

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    Ah yeotan, it will not crash la.....garment will not crash it and destroy people's wealth.....they are just doing balancing act......don't worry

  8. #8
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    Quote Originally Posted by yowetan
    I wonder how many of 912 buyers will cry when it (market) finally crashes.
    When most of the buyers bought below $1000psf, how much you expect the market to crash? 20% to EC price or 50% to 5rm HDB price?
    DNest is the last few new launch below $1kpsf mark.

  9. #9
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    For own stay, i think thats fine and good buy.

    But the only concern here is those who have purchased for Investment purposes & thinking of renting out in the coming years.The big supply of units and the slower rental demand will put some pressure on the yield. Not forgetting the possible increase of Interest hikes which potentially will eat up some of the already very marginal yield. Hong Kong has already increased their rates.


    Quote Originally Posted by beepbeep
    When most of the buyers bought below $1000psf, how much you expect the market to crash? 20% to EC price or 50% to 5rm HDB price?
    DNest is the last few new launch below $1kpsf mark.

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    Rental? hahaha.. Do you know how many units are there near D'Nest? The 4 new launch alone push almost 3000 unit into the market.. How about Flora Drive? Another 2000 plus unit from Hedges Park, Palm Isles and Parc Olympics. How about Seastrand, Sea Esta, etc.... I think easily more than 7000 to 8000 new units rowing out in the next few years.. For own stay, I feel it is ok... But for rental, they must really pray that the government take in a lot of foreigners with good allowances.

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    or pray for more money printing
    Ride at your own risk !!!

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    Quote Originally Posted by RCT
    Rental? hahaha.. Do you know how many units are there near D'Nest? The 4 new launch alone push almost 3000 unit into the market.. How about Flora Drive? Another 2000 plus unit from Hedges Park, Palm Isles and Parc Olympics. How about Seastrand, Sea Esta, etc.... I think easily more than 7000 to 8000 new units rowing out in the next few years.. For own stay, I feel it is ok... But for rental, they must really pray that the government take in a lot of foreigners with good allowances.
    Agreed.. not to forget the Elias road side... thats another few thousand units of competition..

  13. #13
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    Quote Originally Posted by RCT
    Rental? hahaha.. Do you know how many units are there near D'Nest? The 4 new launch alone push almost 3000 unit into the market.. How about Flora Drive? Another 2000 plus unit from Hedges Park, Palm Isles and Parc Olympics. How about Seastrand, Sea Esta, etc.... I think easily more than 7000 to 8000 new units rowing out in the next few years.. For own stay, I feel it is ok... But for rental, they must really pray that the government take in a lot of foreigners with good allowances.
    thats why ur condo must have a niche factor to attract tenants...like sea-view...
    In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...

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