Lukewarm response - Half the 120 units at Panorama sold on first day

[princess_morbucks]

http://www.straitstimes.com/breaking...t-day-20140119

SALES at a mass-market condominium project in Ang Mo Kio drew a lukewarm response from homebuyers today, with just half of the 120 units released for sale being booked.
The Panorama, a 698-unit, 99-year leasehold project located at Ang Mo Kio Avenue 2 is developed by Wheelock Properties.
Still, Wheelock senior executive director Tan Bee Kim said in a statement that she is "encouraged by the market response."
The property market is still feeling the effects of the series of cooling measures, Ms Tan said, though she noted the World Bank has raised its forecast for global growth.

[radha08]

if cannot sell blame cm if can sell say value for money..all tcss one

[Eh]

if cannot sell blame cm if can sell say value for money..all tcss one

In another news, SMRT said it is the PTC who approved and made the decision on fare hike, not them.

[Astronotus oscellatus]

Actually if want to sell like hot cakes, very easy.

So many people waiting for the prices to drop.

15-20% will do the trick.

[onglai]

Actually if want to sell like hot cakes, very easy.

So many people waiting for the prices to drop.

15-20% will do the trick.

cannot la.. later other developers laugh at wheelock amateur...

[RCT]

cannot la.. later other developers laugh at wheelock amateur...

If drop the effect will be very big....

[RCT]

If drop the effect will be very big....

Go and see propertyguru headlines for this launch... That one more power... This use lukewarm... Propertyguru use the word "strong"

[azeoprop]

Go and see propertyguru headlines for this launch... That one more power... This use lukewarm... Propertyguru use the word "strong"

The link from yahoo news is worded as "Ang Mo Kio condo sells like hotcakes"

[Cyberknight]

Strange thing is.....BALLOT

60 buyers for 120 units launched....out of total 695 units.

I will walk out of the showflat for balloting in this mkt.

Developer trying to create "Sky Vue" effect...

[princess_morbucks]

According to OSK, half of the 120 units released for sale at The Panorama condominium were booked yesterday, developer Wheelock Properties said.

Here's more:

Located at Ang Mo Kio Avenue 2, The Panorama is Wheelock's first 99-year suburban condo project here in nearly two decades. Prices of the units sold ranged from $650,000 for the one bedroom units to nearly $2.4 million for the five bedroom units.

Majority of the units sold were two and three bedroom types, with sizes ranging from 678 square feet (sq ft) to 1,130 sq ft. Prices quoted by a Knight Frank agent ahead of the launch ranged from $1,265-$1,320 psf for the two bedroom units and $1,293-$1,307 for the three bedroom units.

Other 99-year projects comparable to The Panorama include Thomson Three on Bright Hill Drive, at an average price of about $1,350 psf, as well as Sky Vue at Bishan Central - both launched in September last year. Slated for completion in 2019, The Panorama is near the upcoming Mayflower station of the Thomson Line.

- See more at: http://m.sbr.com.sg/residential-prop....Rf7vWSWW.dpuf

[Komo]

In another news, SMRT said it is the PTC who approved and made the decision on fare hike, not them.

service so lousy increase price loh if still lousy increase somemore loh people still angry increase even more loh

[teddybear]

Obviously can't sell lah, with all those ABSD, TDSR going on and the cheapest unit is almost a Million $, obviously can't sell!
Quick, apply to URA to become "retirement housing" and change size to super MM max 495 sqft sure can sell!

According to OSK, half of the 120 units released for sale at The Panorama condominium were booked yesterday, developer Wheelock Properties said.

Here's more:

Located at Ang Mo Kio Avenue 2, The Panorama is Wheelock's first 99-year suburban condo project here in nearly two decades. Prices of the units sold ranged from $650,000 for the one bedroom units to nearly $2.4 million for the five bedroom units.

Majority of the units sold were two and three bedroom types, with sizes ranging from 678 square feet (sq ft) to 1,130 sq ft. Prices quoted by a Knight Frank agent ahead of the launch ranged from $1,265-$1,320 psf for the two bedroom units and $1,293-$1,307 for the three bedroom units.

Other 99-year projects comparable to The Panorama include Thomson Three on Bright Hill Drive, at an average price of about $1,350 psf, as well as Sky Vue at Bishan Central - both launched in September last year. Slated for completion in 2019, The Panorama is near the upcoming Mayflower station of the Thomson Line.

- See more at: http://m.sbr.com.sg/residential-prop....Rf7vWSWW.dpuf

[Ringo33]

Wheelock didnt activate the phantom and ghost buyer for balloting?

[princess_morbucks]

The Business Times ‏@BTBreakingnews 13s

#WheelockProperties sold 58 units at $1,343 psf median price in Jan 2014 at #ThePanorama condo in Ang Mo Kio: #URA data #SingaporeProperty

[princess_morbucks]

http://www.businesstimes.com.sg/brea...d-jan-20140217

Wheelock Properties (Singapore) sold 58 units of The Panorama at a median price of S$1,343 psf in January 2014, latest figures released on Monday by Urban Redevelopment Authority showed on Monday.
The units the the Ang Mo Kio condominium were sold at prices ranging from S$1,234 psf to S$1,591 psf.
The developer released 120 of the 99-year leasehold project's 698 units last month.
While the developer had made public sales for the project, it had remained mum about the prices it achieved.

[RCT]

I though is 60? How come become 58 now? hahahaha... 4D number 6058

[phantom_opera]

Give them a break lah, nowadays construction cost is around 250-300psf, land cost even EC also 350psf, condo will be 550-600psf, breakeven cost easily 900psf ... so price must start @ 1000psf

This is AMK leh, how not to sell 1300psf

[eminor82]

Agreed! If sengkang/punggol r selling at close to 1000psf for riverbank/rivertree, how can u not expect Amk to hav a premium to these places. My only guess is 1000 psf seems to be a cap for most buyers now. Juz my humble opinion...

Give them a break lah, nowadays construction cost is around 250-300psf, land cost even EC also 350psf, condo will be 550-600psf, breakeven cost easily 900psf ... so price must start @ 1000psf

This is AMK leh, how not to sell 1300psf

[lionhill]

Agreed! If sengkang/punggol r selling at close to 1000psf for riverbank/rivertree, how can u not expect Amk to hav a premium to these places. My only guess is 1000 psf seems to be a cap for most buyers now. Juz my humble opinion...

Sooner or later, those buying Sengkang/punggol will realize that their decisions are not wise.

[Ringo33]

Sooner or later, those buying Sengkang/punggol will realize that their decisions are not wise.

people who grew up in Sengkang Punggol will sure feel more comfortable living in that area than people else where. And as long as there is a growing population of high income earner in Sengkang Punggol area, it will sure help push up the property prices. Lets not forget that when couple have kids, most will also choose to live close to their parents, so it doesnt mean that if they have money they should be living else where

[lionhill]

people who grew up in Sengkang Punggol will sure feel more comfortable living in that area than people else where. And as long as there is a growing population of high income earner in Sengkang Punggol area, it will sure help push up the property prices. Lets not forget that when couple have kids, most will also choose to live close to their parents, so it doesnt mean that if they have money they should be living else where

what if they buy houses there to rent out and personally rent houses elsewhere to stay? finding an appropriate primary school is a headache for people staying there.