Owners in the West beware!!

[k00L]

The straits times reported that

"These are tough times, the supply of homes for rent is more than demand," said property agent Peter Wan, 49.

A client, who owns a two-bedder at The Lakefront Residences in Lakeside Drive near Jurong, found a tenant only after he dropped asking rents from $3,800 a month to "below $3,000", said Mr Wan. There were 762 rental listings on online portal PropertyGuru for the 629-unit project.

- See more at: http://business.asiaone.com/property....gw4Giuz4.dpuf

Looks like 3k MM in OCR Jurong is going to be a tough call...
Lakefront MM transacted rental going as low as 2400 recently as seen in URA

You are contradicting yourself here. The same MM in JLD is going at close to $3k.

If you still insist WRC has got better potential, then go start a thread. (which I doubt you would, because you are just an empty vessel)

[Ringo33]

The straits times reported that

"These are tough times, the supply of homes for rent is more than demand," said property agent Peter Wan, 49.

A client, who owns a two-bedder at The Lakefront Residences in Lakeside Drive near Jurong, found a tenant only after he dropped asking rents from $3,800 a month to "below $3,000", said Mr Wan. There were 762 rental listings on online portal PropertyGuru for the 629-unit project.

- See more at: http://business.asiaone.com/property....gw4Giuz4.dpuf

Looks like 3k MM in OCR Jurong is going to be a tough call...
Lakefront MM transacted rental going as low as 2400 recently as seen in URA

Cherry picking data is pointless.

CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,200 800 to 900 Aug-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,800 1200 to 1300 Aug-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,800 1200 to 1300 Aug-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,700 1200 to 1300 Aug-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,500 1200 to 1300 Aug-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,500 800 to 900 Aug-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,600 1200 to 1300 Aug-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,600 900 to 1000 Aug-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 2,900 900 to 1000 Aug-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,400 800 to 900 Jul-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,800 1200 to 1300 Jul-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 4 5,200 1500 to 1600 Jul-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 5,000 1400 to 1500 Jul-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,600 900 to 1000 Jul-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 4,000 900 to 1000 Jul-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties na* 3,000 400 to 500 Jul-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 5,000 1400 to 1500 Jun-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 5,000 1400 to 1500 Jun-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,300 1200 to 1300 Jun-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,550 1000 to 1100 Jun-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,750 1000 to 1100 Jun-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,750 1400 to 1500 Jun-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,350 1000 to 1100 Jun-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,350 1300 to 1400 May-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,600 1000 to 1100 May-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,200 1100 to 1200 May-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,000 1100 to 1200 May-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,300 1200 to 1300 May-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,700 900 to 1000 May-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,800 1200 to 1300 May-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 4 5,500 1600 to 1700 May-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,800 900 to 1000 May-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,600 1200 to 1300 May-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties na* 3,200 400 to 500 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,300 1000 to 1100 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,200 1100 to 1200 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,600 1000 to 1100 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,100 800 to 900 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,600 900 to 1000 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,500 900 to 1000 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,800 1200 to 1300 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,000 1200 to 1300 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,800 800 to 900 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,200 800 to 900 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,000 1100 to 1200 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,200 1200 to 1300 Apr-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,000 1200 to 1300 Mar-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 4 4,800 1300 to 1400 Mar-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,300 1200 to 1300 Mar-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,800 1000 to 1100 Mar-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,300 1200 to 1300 Mar-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 4 5,800 1300 to 1400 Mar-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,400 800 to 900 Mar-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,500 1000 to 1100 Mar-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,100 800 to 900 Feb-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,500 900 to 1000 Feb-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 4 4,600 1500 to 1600 Feb-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties na* 2,700 400 to 500 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,280 1200 to 1300 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties na* 2,800 400 to 500 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,850 1200 to 1300 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 3,800 1100 to 1200 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,600 900 to 1000 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,700 1000 to 1100 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 4,200 800 to 900 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 4,200 1000 to 1100 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties na* 2,700 400 to 500 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties na* 2,600 400 to 500 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,600 900 to 1000 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,400 1000 to 1100 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,700 900 to 1000 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 2 3,600 900 to 1000 Jan-14
CASPIAN LAKESIDE DRIVE 22 Non-landed Properties 3 4,400 1200 to 1300 Jan-14

[k00L]

cherry-picking? Then you can read this "median rentals of non-landed private homes in Jurong have fallen about 8 per cent as at Q2 2014 since the start of 2013 despite the current limited private housing stock in Jurong. This decline was larger than the 3.2 per cent fall in overall suburban rentals, against the backdrop of a large number of completions island- wide."

[Ringo33]

cherry-picking? Then you can read this "median rentals of non-landed private homes in Jurong have fallen about 8 per cent as at Q2 2014 since the start of 2013 despite the current limited private housing stock in Jurong. This decline was larger than the 3.2 per cent fall in overall suburban rentals, against the backdrop of a large number of completions island- wide."

Jurong is a big place. Which part of jurong you talking about?

I am still waiting for you to start a thread of Woodland Regional Center. What talking you so long? Lack of substance and content?

[teddybear]

Jurong is a big place indeed, inclusive of Jurong Island!
We sure know Jurong this region itself contains 96% of all SO2 in Singapore!

Jurong is a big place. Which part of jurong you talking about?

I am still waiting for you to start a thread of Woodland Regional Center. What talking you so long? Lack of substance and content?

[Ringo33]

Jurong is a big place indeed, inclusive of Jurong Island!
We sure know Jurong this region itself contains 96% of all SO2 in Singapore!

There is already a thread of pollution., any reason why are you not using that as a platform for showcase you knowledge on pollution?
Perhaps the lack of facts and substance?

http://forums.condosingapore.com/sho...ight=Pollution

[Jem]

Lakelife avg price 850psf
Lakeville avg price 1200psf
J Gate ave price 1500psf

all are just 99 year condominiums, different regulations but the same after 10 years.
The truth is out there, i feel the most for one particular set of buyers.


How many "we"? Do your maths and you will understand. It's not too difficult really.

Personally I also find J Gateway overpriced and expensive. However in all fairness J Gateway's premium pricing isn't anything new. There are just some people who can afford to buy overpriced properties and the importance is to determine IF there are still demand from people who wants to buy a piece or prime development/over priced or whatever you call it.


So let's do a comparison with:

Paterson Residence or The Paterson SGD2,200 to ,2300 average psf

The Metz SGD2,600 average psf

The Orchard Residence SGD3,700 average psf


Plus the former projects are all FH whereas the Orchard Residence is LH99~ Sometimes it's not just about $ and cents. Demand can come in many form.

[Sandiwara]

My stake on this is "Human is not always logical Creature". As long as Ringo33 happy with the purchase then the case is closed. He has all the right to spend His money they way He want it. We have no right to judge Him.

[sunrise]

My stake on this is "Human is not always logical Creature". As long as Ringo33 happy with the purchase then the case is closed. He has all the right to spend His money they way He want it. We have no right to judge Him.

Trumpet carrier.

[Ringo33]

Its important to point out that J Gateway average price is around 1450psf and its only a handful of MM units located at the top floors with unblock view of the lake that are
being sold at $1700psf.

If you study the masterplan for JLD you will know that J Gateway is perhaps the one and only residential site which is located within the Jurong Gateway; a commercial enclave
which is to become the 2nd CBD of Singapore. J Gateway overpriced or not, that is for the market to decided however judging by the overwhelming response., limited supply
of residential property around JLD and the wave of new companies and jobs moving into JLD, there is no reason why believe what some are saying that J Gateway price will fall by 20-30%. in 2 to 3 years.

When J Gateway TOP, it will become a residential landmark of the west. BEWARE

As we all know, OCR private condos are seriously OVER-PRICED!
should see JGateway drop another 20-30% below $1400 psf in next 2-3 years!

[fiat500]

Its important to point out that J Gateway average price is around 1450psf and its only a handful of MM units located at the top floors with unblock view of the lake that are
being sold at $1700psf.

If you study the masterplan for JLD you will know that J Gateway is perhaps the one and only residential site which is located within the Jurong Gateway; a commercial enclave
which is to become the 2nd CBD of Singapore. J Gateway overpriced or not, that is for the market to decided however judging by the overwhelming response., limited supply
of residential property around JLD and the wave of new companies and jobs moving into JLD, there is no reason why believe what some are saying that J Gateway price will fall by 20-30%. in 2 to 3 years.

When J Gateway TOP, it will become a residential landmark of the west. BEWARE

I doubt!
Probably only people living in jurong will agree but not the rest of the majority living elsewhere.
Imo,jurong will always be jurong perceived to be far, not so conveniently located n less atas..

[Patfish]

I doubt!
Probably only people living in jurong will agree but not the rest of the majority living elsewhere.
Imo,jurong will always be jurong perceived to be far, not so conveniently located n less atas..

Otherwise why do always say song song gao jurong! And no other place.

[Ringo33]

I doubt!
Probably only people living in jurong will agree but not the rest of the majority living elsewhere.
Imo,jurong will always be jurong perceived to be far, not so conveniently located n less atas..

Like in any investment, there will always be first mover and late comers.

Jurong and Jurong Lake District has already been transformed, and thats the reason why government is pumping so much money and effort into developing the entire JLD.
Having said that, i dont blame you for not having foresight because if everyone has got the foresight then there will be very little opportunity to make money.

[k00L]

The first mover are those who purchased Jurong condos in 2008 when the JLD is first announced, and they have done well.

Unfortuately, Jgateway is the late comer of the JLD. The property index peaked at the point when jgateway is sold in jul 2013, and has been declining. More "meaningful" correction needed according to Tharman.

2008- be greedy when others are fearful
2013- be fearful when others are greedy

Foresight may or may not correct, but timing definitely wrong

Like in any investment, there will always be first mover and late comers.

Jurong and Jurong Lake District has already been transformed, and thats the reason why government is pumping so much money and effort into developing the entire JLD.
Having said that, i dont blame you for not having foresight because if everyone has got the foresight then there will be very little opportunity to make money.

[Rysk]

The first mover are those who purchased Jurong condos in 2008 when the JLD is first announced, and they have done well.

Unfortuately, Jgateway is the late comer of the JLD. The property index peaked at the point when jgateway is sold in jul 2013, and has been declining. More "meaningful" correction needed according to Tharman.

2008- be greedy when others are fearful
2013- be fearful when others are greedy

Foresight may or may not correct, but timing definitely wrong

Totally agreed!!

[Allthepies]

just buy if any scary cat wants to let go of JLD condo 10-20% below market price : ) the development plan for JLD is so loud and clear that it is very difficult to miss it : )

If u have more money, of course u should go for Marina One : )

[Sandiwara]

Trumpet carrier.

Most people hang around this forum because none of us have magical Crystal Ball.
We just want to share knowledge and learn from other people knowledge. No more and no Less.
Why make it so personal which is not good for our blood pressure

[Ringo33]

The first mover are those who purchased Jurong condos in 2008 when the JLD is first announced, and they have done well.

Unfortuately, Jgateway is the late comer of the JLD. The property index peaked at the point when jgateway is sold in jul 2013, and has been declining. More "meaningful" correction needed according to Tharman.

2008- be greedy when others are fearful
2013- be fearful when others are greedy

Foresight may or may not correct, but timing definitely wrong

This is a typical armchair big talk trying to act smart.

JLD Masterplan was first announce in 2008, since then only 4 projects was launched

Caspian was launch in 2009
Lakefront was launch in 2010
J Gateway was launch in 2013
Lakeville was launch in 2014

So I am not sure what 2008 project he is talking about here. Plus, there is only 1 residential site within Jurong Gateway, so I am not sure what exactly can you buy before J Gateway was launch.

Plus when you join this forum in May 2013, perhaps you have missed the golden years of property? Or is this just one of your many forum account that you are using to troll around this forum?

[AssetRichMoneyPoor]

Lakelife avg price 850psf
Lakeville avg price 1200psf
J Gate ave price 1500psf

all are just 99 year condominiums, different regulations but the same after 10 years.
The truth is out there, i feel the most for one particular set of buyers.

Readers should be reminded of these average pricing with Jgate MM going all the way to 17XX psf and facing MRT tracks what not.
Sold at the peak of last cycle and may have to wait out another 10-15 years. There's a long time counting your eggs to hatch.

[fiat500]

Like in any investment, there will always be first mover and late comers.

Jurong and Jurong Lake District has already been transformed, and thats the reason why government is pumping so much money and effort into developing the entire JLD.
Having said that, i dont blame you for not having foresight because if everyone has got the foresight then there will be very little opportunity to make money.

I wouldn't blame u also for having the wrong foresight. Doesn't mean that gahmen's pumping in $ into that area it will turn out to be successful. Maybe many many many years from now jurong may turn out to be good but not in the near foreseeable future i reckon.
Jurong will always be the jurong we all know, a far n less desirable place to many....

[Ringo33]

Readers should be reminded of these average pricing with Jgate MM going all the way to 17XX psf and facing MRT tracks what not.
Sold at the peak of last cycle and may have to wait out another 10-15 years. There's a long time counting your eggs to hatch.

readers? the last person who use the word readers has actually disappear from this forum after tell too us all that cock and bull story about deep pocket and holding power on landed property...

BEWARE!!

[Ringo33]

Heard Lake Life is almost fully sold. Another new record

[Ringo33]

BEWARE..

[sunrise]

don't see and luxury condo in that area. The road name its a turn off.

[Patfish]

Heard Lake Life is almost fully sold. Another new record

Lake Life is EC, priced cheaper and more reasonable than nearby PC. Fully sold does not translate to actual sales. Still need HDB approval then can proceed to excercise OTP.

[Ringo33]

Lake Life is EC, priced cheaper and more reasonable than nearby PC. Fully sold does not translate to actual sales. Still need HDB approval then can proceed to excercise OTP.

when the grapes are out of reach, that doesnt mean they are sour.

[Patfish]

readers? the last person who use the word readers has actually disappear from this forum after tell too us all that cock and bull story about deep pocket and holding power on landed property...

BEWARE!!

I think we have to be aware not beware that in geographic study, central and eastern part of Singapore has higher density of human population in terms of per sq km area. Its a plan to relocate more people to other areas of Singapore especially the most western part because the land there is very much under utilize. Jurong is too overhyped recently.

[Ringo33]

I think we have to be aware not beware that in geographic study, central and eastern part of Singapore has higher density of human population in terms of per sq km area. Its a plan to relocate more people to other areas of Singapore especially the most western part because the land there is very much under utilize. Jurong is too overhyped recently.

stop trolling in the forum with fake accounts.

[dudick]

Lake Life is EC, priced cheaper and more reasonable than nearby PC. Fully sold does not translate to actual sales. Still need HDB approval then can proceed to excercise OTP.

U forgot to mention this is one of the most expensive EC on the market now which only cater to people who are earning less than 12k per household

Any reason why the good performance?

[Patfish]

Lets see 5 years later properties around jurong can appreciate by how much. Especially JG.