Heard it's a ghost town at balloting today.
Anyone can verify?
It's not as full as Commonwealth Towers but sales should be reasonable. Averaging 1250+. Afterall, it's quite a niche place. Not everyone can accept.
Sold 88 units today. Not bad!
Average price how much psf?
Was there at the balloting yesterday. The tentage is full. But this is why:
- Tentage is small. Unlike most projects, developers will normally enlarge the tentage the day prior to the balloting. This project? Nope they did not do that and that tells you something
- It was full also partly because agents were sitting to help customers "chompe" seats. I am one of those who benefited from this kind of "arrangement"
- Many of those who are buying; are obviously and undoubtedly buying for own stay. So the whole kampong comes. Many times, I see Q number being called and a large family of 5 to 8 walked up to the counter with their agents
- In today's market, many deals are closed by 2 or more agents working together. So the agents there almost matched the buyers 1 to 1. Carpark was already full when we reached; thinking the turnout was nothing short of spectacular. But I told my wife I'm willing to bet 30 to 50pct of the cars in the carpark belongs to agents. And I was right!
- Buyers who submitted cheques but didn't turn up is about 30 to 40 pct of the total number of cheques collected. Not bad actually...
- The balloting schedule had been postponed once with strata landed moved into yesterday morning's schedule instead of Friday night's slot. And that pushes the whole schedule for the day backwards. And when I received that message from the agent on Fri, I already know the response turnout will not be overwhelming or rather in HDB term; "Oversubscribed". But still, for a project with no amenities and neither near to any train station, achieving 40 over percent sold on the launch day in today's mkt is seriously bey pie liao
Yes. I couldn't accept it either. We walked out empty handed after that. I pity my agent who has to serve us on 3 different days because we brought different family members back to view again and again. I lived in Clementi Ave 4 and I jogged along the track and past that site almost every other day. I love the extremely functional layout and I can accept everything including the location, lack of amenities and transportation woes.But what I cannot accept is the pricing. $1,250psf and a $1.3xxM price tag for a 3 bedder in such a site is unacceptable. I don't want to pay through my nose every month for this kind of quantum
Yes we were. Quantum to range from 1.14 to 1.3 plus. We came in expecting 1.18 to 1.2 for a no view 3bedder on 2nd floor. But they ask 1.27. Even a future condo facing stack 9 that should be cheaper came out more exp at 1.35. Every price we asked is 100k abv our expectations. We couldn't accept it and we walked off. 1.3xx can get me a crappy lakeville 3br for abt the same size same price. Bt at least amenities n transportation is not an issue there. My wife and I felt that we have already compromised so much but we are still asked to pay 100psf abv our original expectation price. 1150 to 1180psf is our max acceptable price range and that is only available in the 3br dual keys. Nope that doesnt fancy us either as the layout is not family friendly and we view sharp corners of the opposite block (fengshui thingy). So no choice we gotta give up lor
I see I see.
Yes not comfortable with the purchase should just walk. So many choices out there, especially resale.
Oh yes... Precisely choices galore that's why we set a target price and if we don't get it, we need to walk off. We really like the quiet and serenity of WF. But we may be better off with resale in the botannia or varsity park clusters. Just waiting out I guess... Anyway our gal is in JC 2 and gg Uni next year. We would like to see which uni is she really heading before firming up anything la...
I thought Lakeville is better.
LV has its merits and fair share of drawbacks. The competition to sell or rent out in 10-15 yrs time will be intense with the number of condos and ECs that are sprouting up in the Taman Jurong area. Additionally the coco smell does matters to us too! (Very picky hor )
Nonetheless LV is also under our radar screen in case the gal chooses to go NTU. So we are playing by ear. At the moment, she is expressing interest to go NUS instead so it is still D5 for us for now...
quite surprised that this dev managed to sell quite well despite the price...guess there are still many buyers out there buying for stay...
Home stay buyers have different needs and criterias when choosing which condo to buy as compared to investment buyers. That explained the difference in purchase decisions. I stayed in a condo with 600+ units on top of a commercial development near bus interchange n mrt station. Condo are always full of visitors and facilities are usually packed with users. Driving back home during peak hours its a chore as I have to squeeze with buses or shoppers who parked at the commercial development. I would appreciate a quieter environment if I am looking for another unit just for a change. Of course I know I have to pay equivalent or higher price for it knowing I will miss the convenience of transport and amenities. To each his own.
Ya SMU atas and bey pee. Lagi more reason to have passive income soon to help soothe the monetary impact on us. Right now she is under a lot of stress trying to handle her prelims and A Lvl and she told us she won't accompany us anymore on any showflat viewing till its over. Very cham seeing the younger generations so stressed out over academics nowadays.