You are most welcome.....i have been through all these 2 years ago.Originally Posted by hippopo
Now my elder kid in P2 - Red Swastika. Younger one will be attending the same school next year.
Newbie
You are most welcome.....i have been through all these 2 years ago.
Now my elder kid in P2 - Red Swastika. Younger one will be attending the same school next year.
Newbie
ur elder one went thru' ballot for Phase 2C?
I remember that year like left 41/42 seat and number Q until 8x/9x.
That's why I register Yu Neng instead of RS
Newbie
My registration was under Phase 2B as my wife is from RS too. Usually no balloting for this phase.
Wanted to enrol her in Temasek (i'm old boy there), but RS is nearer and more convenient to me.
Newbie
so good..
ballot, that's stress man..
Newbie
Looks like there are many parents here in waterfront waves. Feeling a little left out.
Hehe....
Newbie
We maybe parents but our heart are like kids.Looks like there are many parents here in waterfront waves. Feeling a little left out.
Hehe....
Junior
Don't worry... we are still kids inside... still can have crazy party! hulala...Looks like there are many parents here in waterfront waves. Feeling a little left out.
Hehe....
Newbie
Don't worry... we are still kids inside... still can have crazy party! hulala...
ya agreed...we are new age parent......we LIVE and PLAY....just like WFW motto....LIVE where you PLAY....
Looking forward to our CRAZY BBQ.......
Newbie
went jogging yesterday and took some pics of the construction site & reservoir park
Junior
Nice pics bro... Look like stacks 1 - 4 are progressing well... with the foundation done, they can build one floor in a week. So, average of 14 floors for the WFW, which may take up to 4 months to reach the top. You may see the penthouse in September, LOL...
Newbie
LovelyThats what we call lifestyle living.
When the time come nearer for the crazy BBQ, we'll gather everyone/
Newbie
Good and bad news.Nice pics bro... Look like stacks 1 - 4 are progressing well... with the foundation done, they can build one floor in a week. So, average of 14 floors for the WFW, which may take up to 4 months to reach the top. You may see the penthouse in September, LOL...
Good - building is on the way
Bad - bank loan kick in soon for the progessive payments
Newbie
I KNOW!!! One point, i am very happy cos the progress is good. On the other hand, i am nervous about the payment!!! WAH~~~~Good and bad news.
Good - building is on the way
Bad - bank loan kick in soon for the progessive payments
Junior
WFW is doing quite well in March 09!!! Sold 38 units!!!
Find out more in today's analyst reports, good night!
Pls. share your opinion here also...
Last edited by noblebaby; 16-04-09 at 22:31.
Newbie
Looking at the figure, total 196(abt 50%) sold and wonder they would reduce their price sell more before they launch WFK?WFW is doing quite well in March 09!!! Sold 38 units!!!
Find out more in today's analyst reports, good night!
Pls. share your opinion here also...
Newbie
Was told that the starbuy prices were probably the lowest. As they have already started building and progressive payment should be starting to come in.
WFK will be price higher than WFW so that WFW can be a sellout by the time it TOP.
Newbie
SOME good news to share for those who miss it. Please kindly bear with me for next few posts.
Home sales remain strong
Apr 16, 2009 - The Straits Times
Joyce Teo, Property Correspondent
THE bumper private property sales recorded in February were no fluke.
For a second straight month, home hunters defied the weakening economy to buy more than 1,000 units last month.
Property consultants say buyers are attracted to what they regard as good buys in the moderately priced mass market.
Still, they warn that these strong buying levels are probably not sustainable.
Last month, property developers sold 1,220 new private homes, just shy of the 1,332 units sold in February.
It was the first time in over a year that the market has seen two consecutive months with more than 1,000 units sold. Sales for both months were a stunning contrast to the dismal 108 in January.
Another striking figure: First-quarter new private home sales hit 2,660 units, representing 62 per cent of all new homes sold during the whole of last year.
February sales - boosted mainly by two new launches Alexis and Caspian - were the highest since August 2007.
Figures compiled by the Urban Redevelopment Authority also showed 832 new housing units were launched last month, compared with 1,072 units in February and just 204 units in January.
Most units sold last month were in the mass market, along with a few city-fringe small-format apartments at condominiums such as Domus and The Mercury.
HDB upgraders were the hottest group of buyers. CBRE Research said that last month alone, they bought 550 to 600 units at mass market projects such as Caspian, Double Bay Residences, Kovan Residences, Livia, Mi Casa and The Quartz at median prices of $610 per sq ft (psf) to $740 psf.
A survey of first-quarter caveats lodged for this market segment indicated an average price of $695,000, said CBRE Research executive director Li Hiaw Ho. 'This is probably a good time for HDB home owners to upgrade to private property as the price gap between private properties and HDB resale flats has narrowed.'
Said Colliers International director for research and advisory Tay Huey Ying: 'Developers have lowered their price expectations for new launches and generally cut prices of unsold units. Buyers are biting as there is pent-up demand.'
The top three sellers in March were Double Bay Residences, Mi Casa and The Arte. About 85 per cent of units sold last month were priced below $1,000 psf, said PropNex chief executive Mohd Ismail.
The high-end showed some life with 70 units launched and some sales, including one Orchard Scotts unit at $2,220 psf.
But overall, only 100 prime units were launched in the first quarter, or just 4.7 per cent of all units launched, well down from the 39.4 per cent of all units launched in the fourth quarter last year.
Knight Frank director of research and consultancy Nicholas Mak said this was partly due to the retreat of foreigners from the luxury market.
Preliminary data suggests foreign deals stood at 16.8 per cent in the first quarter - a level last seen when Sars badly hit the market in 2003, he said.
Market analysts say it is a good start to the year, but they do not expect the strong buying to continue long-term.
'In the short term, this rate of buying can continue provided developers lower or maintain their prices,' Chesterton Suntec International's research and consultancy head Colin Tan said of March sales.
But in the long term, it is not sustainable, he said. 'The last time the market sold so many new units (14,811 units) was in 2007. That was when the deferred payment scheme was available. And it has since caused indigestion in the top end of the market.'
Unless the Singapore economy and employment market improve significantly this year, only 6,000 to 7,000 new private homes are expected to be sold, said Mr Mak.
He said healthy demand for mass market homes is likely to continue only as long as average HDB resale prices do not fall by more than 7 per cent year on year.
'Many in the mass market segment are buying now and banking on their future earnings to service their loans as they are afraid of missing the boat,' said Mr Mak
The Link :-
http://www.propertyguru.com.sg/news/...-remain-strong
Last edited by roger168; 17-04-09 at 11:27.
Newbie
Home sales set to rise in 3 to 12 months: CDL
Apr 17, 2009 - The Straits Times
Jessica Cheam
PROPERTY developer City Developments (CDL) said yesterday that it expects increasing numbers of homebuyers to enter the market in the next three to 12 months.
Its optimism stems from the sale of more than 80 per cent - or 150 units - of its newly-launched development, The Arte at Thomson. CDL has put 180 units of the 336-unit project on sale.
It said The Arte was 'a record breaker of sorts', being one of the few large projects launched in the global economic meltdown 'that has tasted success'.
CDLs' statement comes on the heels of newly released data that showed 1,220 new private homes sold last month, just shy of the 1,332 units sold in February.
This makes two consecutive months with more than 1,000 units sold - the first time it has happened in a year.
First-quarter private home sales have hit 2,660 units - about 62 per cent of all of last year's new home sales.
It has led some to speculate that the market has indeed turned a corner.
CDL said that 'after absorbing news of forecasts of a steep decline in GDP growth for 2009, the upbeat in sales volume could mean that there is greater confidence that a turnaround is in sight - with a steady rise expected in the property market within the next three to 12 months'.
But analysts maintain that this level of buying may not be sustainable.
Knight Frank director of research and consultancy, Mr Nicholas Mak, has estimated that only 6,000 to 7,000 new private homes are expected to be sold this year, unless the Singapore economy and employment market improve significantly.
However, CDL's group general manager, Mr Chia Ngiang Hong, said that recent launches have shown that 'buyers are still willing to spend when they see value and see a good deal'.
Developers, prompted by the challenging economic conditions, have lowered selling prices - by between 5 to 25 per cent - and these factors have contributed to larger transaction volumes, said CDL.
Some good news to share
Last edited by roger168; 17-04-09 at 11:27.
Newbie
Developers' sales carry note of hope
Apr 16, 2009 - The Business Times
Emilyn Yap
(SINGAPORE) A ray of hope dispelled some gloom in the private home market yesterday when new data showed developers selling 1,220 new units in March. This brings the number sold in Q1 2009 to 2,660 - the best quarterly performance since Q3 2007.
But could this be a false dawn? Citing weak economic fundamentals, several industry watchers believe that it is still too early to say if a nascent recovery has begun.
According to Urban Redevelopment Authority (URA) figures from developer submissions, private home sales held up in March and dipped just 8 per cent below the 1,332 units sold in February. Both months' showings were markedly better than in January, when buyers took up just 108 units.
In fact, the number of units sold in Q1 2009 has already reached around 60 per cent of that for the whole of 2008.
'Most of the demand in the first three months of the year was from Singaporeans and permanent residents, a significant proportion of whom comprised HDB upgraders,' said CBRE Research executive director Li Hiaw Ho.
Indeed, new launches in mass-market to mid-tier projects contributed to the bulk of sales in March. The most popular was Double Bay Residences in Simei - developers UOL Group and Kheng Leong sold 264 units at a median price of $659 psf.
Far East Organization also sold 101 units at its Mi Casa condominium in Choa Chu Kang at a median price of $617 psf, while 90 units at City Developments' The Arte fetched a median price of $874 psf.
There is 'strong demand for lower-range properties in the outer areas that are priced below $1,000 psf,' observed PropNex CEO Mohamed Ismail.
The mass-market and mid-tier sectors also dominated recent launches. DTZ senior director of research Chua Chor Hoon noted that 95 per cent of all launches in Q1 09 were outside the prime districts 9, 10 and 11. Developers brought out 832 new units in March, down 22 per cent from the 1,072 in February.
In contrast, activity in the Core Central Region continued to lag behind in March. Reception to The Mercury at Shanghai Road was the strongest, with buyers taking up 62 units at a median price of $1,148 psf.
The retreat of foreigners from the luxury property market could be one reason for the weak performance, said Knight Frank's director of research and consultancy Nicholas Mak. 'Preliminary figures suggest that the percentage of foreign transactions stood at 16.8 per cent in Q1 2009, settling at levels observed in Q2 2003 when the Sars outbreak badly affected the market.'
On the whole, most observers BT spoke to believe that the property market still faces downside risks - the coming months may see prices stay flat or fall and the number of units sold may decrease.
'Historically, economic recovery precedes property market recovery,' said DTZ's Ms Chua. 'Right now, there is no economic fundamental to support a bottoming of the property market.'
Just on Tuesday, the government cut its 2009 economic growth forecast again to a range of minus 6 to minus 9 per cent.
Already, there are signs of developers lowering prices to push sales. For instance, 6 units in Kovan Residences went for $782-$865 psf in February, achieving a median price of $809 psf. By March, 56 units were sold at a median price of $705 psf, with overall prices ranging from $597-$823 psf.
In fact, price cuts and the relatively affordable costs of smaller units could have spurred demand in the last few months, said DMG & Partners Securities analyst Brandon Lee. CIMB analyst Donald Chua also expects more price adjustments to happen at projects that have not been fully taken up.
In terms of new units that can be sold in the next nine months, few market watchers were confident of seeing the 1,000-a-month mark being crossed often. Some estimate that the transaction volume this year may range from 6,000-8,000 units in total. This would still be an improvement on 2008, when 4,264 units were sold.
Still, it's not smooth sailing. Even some popular projects are taking back units. URA data indicates that buyers returned 20 units at the Caspian and 10 units at the Alexis between February and March.
URA will release more concrete data on home sales on April 24. Among other factors, its real estate statistics for Q1 2009 will take into account options on units sold that subsequently lapsed later.
Last edited by roger168; 17-04-09 at 11:28.
Newbie
Property valuers feel the buzz
Apr 14, 2009 - The Business Times
Kalpana Rashiwala
(SINGAPORE) Away from the glare of the market, valuations departments of property consultancy groups here have been quietly doing brisk business despite the property slump.
Valuers attribute this in part to a pick-up in sales at private residential property launches since February. Also contributing to demand are buyers who are getting loans for units bought earlier on Deferred Payment Schemes (DPS), and borrowers who are seeking better refinancing packages and switching banks.
Some property consultants say banks are requesting more frequent valuations of properties in their loans portfolio, given declining property values. 'It's not just for housing loans, but offices, factories, etc. I suppose banks have to monitor if the properties are in negative equity,' says DTZ Southeast Asia's CEO Ho Tian Lam.
Said Joseph Wong, OCBC Bank's group chief credit officer (consumer credit risk), group risk management: 'We conduct regular reviews on our loan portfolio which cover various factors including update of valuation of properties.'
Mr Ho said the volume of valuations at DTZ has risen more than 10 per cent in the past one or two months compared with the same year- ago period. The firm has redeployed two senior marketing executives from its investment sales department to its valuations department.
Knight Frank managing director Tan Tiong Cheng told BT the number of valuation instructions for private residential properties clinched by his firm has increased 36 per cent in Q1 this year compared with the preceding quarter. For March alone, the figure has gone up 59 per cent from the preceding month. These instructions, which are requested either by lending banks or borrowers, refer to paid valuations and not indicative ones, which are often provided to banks for free or for a token sum.
Jones Lang LaSalle's head of valuation advisory services Tan Keng Chiam said his firm has seen a 10-20 per cent rise in the number of weekly valuation enquiries since late March compared with the January-February period. 'But this has not translated to huge volumes of business,' he added.
Mr Tan said there have been 'more enquiries for refinancing purposes as well as a noticeable, though slight, increase related to home purchases'.
Despite higher business volumes, none of the firms, citing competition, has any plans to raise its valuation fees, which can be as little as $300 to $500 for valuing small apartments. Commercial buildings cost several thousands to tens of thousands of dollars to value, depending on the size and complexity of the valuation required, which also depends on the lender's profile. Package fees for valuing an entire portfolio of buildings for a property group or real estate investment trust (Reit) can run into hundreds of thousands of dollars.
'For Reits, in particular, valuations are a lot more meticulous. We have to go through individual tenancies and do more checks in general. And we don't just use the comparables method but also discounted cashflow to arrive at the property valuations,' Knight Frank's Mr Tan said.
Most valuers BT spoke to say a key reason they have been kept busier lately is the gush of private residential property launches of affordably priced mass- market and small-sized apartments. With fewer launches these days offering DPS, buyers have to sign up for a housing loan soon after their purchase - whether they are opting for interest absorption or taking a normal progress payment scheme.
For projects sold earlier on DPS that are nearing completion (when DPS expires), buyers need to get their home loans in place, and this has also led to more valuations required, explains Mr Tan of Knight Frank.
In addition, the increase in primary market home sales by developers has spilled over into the secondary market, and this has been another source of higher demand for valuations.
The head of another property consulting group told BT that some real estate funds have been asking for monthly valuations of their property portfolio to 'track the market more closely instead of relying just on annual valuations'.
DTZ's Mr Ho says Reits seeking refinancing have also contributed to an increase in valuation requests at the firm.
Valuers note that besides Reits, other property owners who have opted to refinance mortgages - for their homes, for instance - because of more attractive packages offered by rival banks have also raised demand for valuation services.
DTZ's Mr Ho said that the firm's professional services - which besides valuation include research and consultancy, property management and project/ facilities management - account for about 30-40 per cent of revenue in normal times, with agency activities like property sales, leasing and investment sales taking the lead
Newbie
Sorry for the lond thread. Hope you like the Positive news from the local papers.
Hope to see more buyers @ Waterfront Waves snapping up the units.
Roger Tan - 9061-9884
Junior
Mr. Roger, all of us here are actually more interested on the updated sales figure of Waterfront Waves than the news articles...
Please update us... or the sales figure is P&L?!?
Newbie
Just only know 60+ units sold over last 6-7 weeks. Some of the units sold recently have not lodged caveat so you cannot see them in URA. Total around 209 units have been sold as what I last checked. More are coming and soon....
Newbie
is there any website for URA? OK to share here?Just only know 60+ units sold over last 6-7 weeks. Some of the units sold recently have not lodged caveat so you cannot see them in URA. Total around 209 units have been sold as what I last checked. More are coming and soon....
Newbie
Hi Roger, how many starbuy units still available?Just only know 60+ units sold over last 6-7 weeks. Some of the units sold recently have not lodged caveat so you cannot see them in URA. Total around 209 units have been sold as what I last checked. More are coming and soon....
Newbie
Hi Roger, the positive news from the paper is the private property in Singapore will be going down another 10 to 20%. Pls update us when the price is coming down. Thanks
Newbie
stock mkt rally up for the past few weeks. most saying economy has bottomed out. wfw 50% sold ( developer most likely already breakeven ).
i think price unlikely to come down. if stock mkt can sustain at current level for the next few months. i think property prices will move up slowly again.
Senior
so for those who has lost their jobs ... should they be punting stock mkt or buy property ?
i think price unlikely to come down. if stock mkt can sustain at current level for the next few months. i think property prices will move up slowly again.
Newbie
use leverage. buy good stock below a dollar and wait for the next bull run.
easily can make more than 100%. but must be discipline.
Junior
In the time like this, I rather buy Capitaland shares than buy property for investment... More liquidity and so many buyers and sellers out there, you can sell and buy back any time... In term of yield, also got 5%.
For those who lost their job, better keep the money in the bank. Don't buy any thing...!
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