Silversea (D15, 99 years Leasehold, Far East Organization)

[zimmer]

FEO never cut prices. They only cut quality. They are still selling bayshore park

Still selling Tanglin View as well.

[lbb]

FEO never cut prices. They only cut quality. They are still selling bayshore park

Hmmmm, really? I thought they were selling The Bayshore and not Bayshore Park. 20+ years already le! (okay la The Bayshore is about 10+also)

[Reporter]

Private Residential Units Sold in the Month of August 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Silversea ........ RCR ....... 70 ....................... 12 .......................... 1,576 ........... 1,386 .......... 1,255

Quite slow leh.

[Reporter]

占私宅成交量22％　外国人又涌入购房地产
吴慧敏
联合早报
29-9-2009

全球股市大反弹不但吸引了本地人蜂拥抢购私人房产，外国人也在过去几个月来大举涌入，到新加坡“扫货”。

根据第一太平戴维斯(Savills)整理的数字，外国人(包括新加坡永久居民)在去年8月，买下大约300个私宅单位，占所有私宅成交量的22％。

当美国投资银行雷曼兄弟破产、引发全球金融大海啸时，外国人骤然消失。去年11月12月期间，外国人所购买的私宅单位剧跌至70、80个，所占的买家比率也下跌至16％。

今年3月全球股市大回弹后，外国买家又迅速回流。到了6月份，外国人在一个月内买下的私宅单位已回升至876个，比去年11月最低潮时的需求量暴增十倍。所占的买家比率，也回升至全球金融大海啸之前的22％、23％水平。

戴德梁行(DTZ)研究部主管蔡楚芬说：“外国买家确实回来了。不单单是中国人，马来西亚人和印尼人这两个本地楼市的传统上最大买家，也都在过去几个月显著增加。”

她透露，马来西亚和印尼人仍然是新加坡楼市最大的买家。本地每卖出100间私人房子，约22间由外国人或永久居民买下。其中，六间由马来西亚人买下、五间由印尼人买下、三间由印度人买下、三间由中国人买下。

仲量联行私宅部主管黄洁玲说：“新加坡本来就是马来西亚人和印尼人喜欢置业的地点，第一是新元的币值强劲，第二是政治和社会稳定。他们也喜欢将子女送到新加坡求学、在新加坡求医，在新加坡买房子还可以防万一，一旦国内发生了什么事情，总算有个安身之所。”

一名房地产人士也指出，去年发生金融大海啸后，许多外国人，包括马来西亚人和印尼人，已经将钱转到新加坡来，以对冲其国家货币的贬值。当楼市在三四月份开始“动”起来，更多的外汇更是涌入本地楼市中。

一名房地产观察家认为，由于中国和香港的楼价升得比新加坡更快、更高，过去两三个月来，很可能有一些投资者开始将钱从中国和香港股市和楼市套出来，转到新加坡。

ERA产业经纪王德金并没有听到这种情况，不过他表示，近年来进场的一些中国买家已经跟过去有很大的不同。

“过去，在新加坡买楼的中国人，一般都是买一些单位价比较低廉的房子，预算在50万元至80万元之间。”

有一些中国大客户

但是，现在他手头上的十多个[b]大客户，七八个是中国人。这些中国买家最近分别授权他500万元至1000万元的预算，代他们在新加坡买房子。

“这一类中国买家通常对新加坡非常熟悉，有的孩子在新加坡念书或工作，也有的打算在新加坡做生意。他们来到新加坡，只住六星级酒店，买的都是劳力士名表和名牌手袋。看的房子，通常在市区，售价在一两百万元，甚至两三百万元左右。”

他透露，以500万元至1000万元的预算来说，他通常会帮这些中国买家购买三五个单位，其中一两个短持，只要有钱赚就代他们放手，其他的则留作长线投资。


市场消息说，远东机构最近推出的中高档公寓Silversea就吸引了不少中国买家进场。

戴德梁行的数字也显示了中国买家的购买能力相当两极化。资料显示，50万元至100万元的房子，中国买家的比率相当高。其次，就是售价在500万元以上的房子。

市场消息说，远东机构最近推出的中高档公寓Silversea就吸引了不少中国买家进场。这个位于马林百列录的99年地契公寓，共有383个单位，截至8月底卖出了70个，每平方英尺中位价约1386元。

远东机构房地产销售营运总裁谢文华证实，这个项目的中国买家比率确实较高，达到17％。他相信，一览无余的无敌海景应该是吸引他们进场的一大因素，而且交通也非常方便，距离滨海湾只有5分钟车程。

不过，位于中部的The Arte却吸引了较多的印尼买家进场。城市发展的这个公寓共有336个单位，每平方英尺推出价格约880元，它自3月推出以来已卖出330个，城市发展发言人说，其中15％由印尼人买下。

戴德梁行的数字也可以看到，所有外国买家中，印尼人的购买力还是最强的。今年第二季，售价在150万元以上的房子，有大约14％是外国人购买的。当中，印尼人就占了三分之一。售价在500万元以上的房子，印尼人也是最大的外国买家。

至于马来西亚人所买的房子，价格一般在50万元以下，所占的比率超过一半。至于售价在50万元至100万元的房子，马来西亚人也是最大的外国买家。

[Property_Owner]

Hmmmm, really? I thought they were selling The Bayshore and not Bayshore Park. 20+ years already le! (okay la The Bayshore is about 10+also)

Pai seh. It's The Bayshore. Really getting old

[wreckwrx]

Pai seh. It's The Bayshore. Really getting old

The Bayshore is not that new anyway..... and they are still taking forever to sell it....

[lbb]

The Bayshore is not that new anyway..... and they are still taking forever to sell it....

Yeah true, that's cause their pricing is pretty insane for a LH that's already more than 10yo! Crazy... But those people who actually buy at their prices are even crazier..

[jlrx]

The Bayshore is not that new anyway..... and they are still taking forever to sell it....

Mr. Ng spent his whole life preaching to people around him to buy and hang on to their properties. I remember a Straits Times article back in the 1980's when he said that people who listened to him "never regretted".

He is hanging on to his properties while buyers are hanging on to their cash. Which one depreciates faster?

He has the holding power; he can wait.

[Reporter]

When the 80% comes due, if ekonomi no good then "tng kor" lor...

I think the ekonomi is OK so far.

Singapore growth forecast revised up between -2.5% and -2.0%
Channel NewsAsia
Monday, 12 October 2009, 0811 hrs


The financial banking district in Singapore.

The economic growth forecast for 2009 has been revised upwards to between -2.5% and -2.0%, the Ministry of Trade and Industry said in a news release Monday.

It also said the Singapore economy expanded by 0.8% year-on-year in the third quarter of 2009 with growth driven by the biomedical and electronics sector and improvements in the trade-related and tourism sectors of the economy on the back of a gradual stabilisation in global economic conditions.

This is the first such growth in five quarters.

Advance estimates by the MTI show that in the third quarter of 2009, Singapore’s GDP expanded by 14.9% on a seasonally-adjusted quarter-on-quarter annualised basis, following a 22.0% expansion in the second quarter of the year.

In year-on-year terms, the economy grew by 0.8%, compared to a 3.2% contraction in the preceding quarter.

MTI noted that a clear but modest recovery is underway globally, at least for the next three or four quarters.

However it also cautioned that economic activity will probably remain below pre-crisis levels because a sustained recovery in private consumption and investment in the developed economies is needed to support growth momentum into the second half of 2010.

It added that Singapore’s economic prospects in 2010 will be closely tied to the conditions in the external environment with trade-dependent sectors more likely to continue to benefit from a gradual resumption in global and regional trade flows in 2010.

In its latest economic report card Singapore's manufacturing sector showed an expansion by 35% on a seasonally-adjusted quarter-on-quarter annualised basis, on the back of the previous quarter’s spike of 59%.

This increase was primarily due to demand in higher value active pharmaceutical ingredients in the biomedical manufacturing cluster, as well as greater electronics restocking activities as consumers bought more electronic products.

However, the construction sector declined by 0.6% compared to an expansion of 33% in the previous quarter as construction for industrial building projects slowed down.

The services producing industries expanded by 9.5% on a seasonally-adjusted quarter-on-quarter annualised basis in the third quarter of 2009, compared to 8.3% in the preceding quarter.

The trade-related and tourism sectors also improved while financial services sector posted modest growth.

[Reporter]

Burning as in very hot?

Burning as in red hot $2,850 psf Sailing by?

Reporter is a bit slow this time ...

The Sail @ Marina #61-04 at 2, Marina Boulevard

Transacted on 18/09/2009

936 sf @ $2,850 psf for $2,667,600

Originally bought on 24/11/2004

936 sf @ $1,051 psf for $983,340

[Reporter]

Private Residential Units Sold in the Month of September 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Silversea ........... RCR ........ 79 ............................ 9 ............................... 1,653 ............ 1,257 ............. 1,189

Err ... still short of the high of $1,780 psf by $127 psf.

[Reporter]

Err ... still short of the high of $1,780 psf by $127 psf.

Oh well!
Short again!
By $133 psf this time.

Private Residential Units Sold in the Month of October 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Silversea ........... RCR ........ 100 .......................... 21 .............................. 1,647 ............ 1,381 ............ 1,189

[joyride]

Oh well!
Short again!
By $133 psf this time.

If buyer purchasae on deferred payment, does it appear on URA "price of units sold in private residential properties" report?

[shespawn]

from my understanding, those who bought on deferrred payment in the past, will not have the transacted prices listed on URA. but after the deferrred payment was taken off, developers came out with interest absorption scheme that works quite similar to DPS, but you have to get a bank loan first. For DPS, you only get a bank loan when it's TOP.
under IAS, the sale price will be reflected on URA.

[Sea]

New Release!

Silversea Tower 3 Launch!!

With 2 bedroom facing Sea!!

Dont miss it

Sms at 90686016 for more updates

[Reporter]

Private Residential Units Sold in the Month of November 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Silversea ........... RCR ........ 101 .......................... 2 ............................... 1,567 ............ 1,404 ............ 1,241

Goodness! Still short of the high of $1,780 psf by $213 psf.

[Reporter]

Private Residential Units Sold in the Month of December 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Silversea ......... RCR ....... 110 ....................... 9 ........................... 1,601 ........... 1,505 ........... 1,226

Can't break high of $1,780 psf.

[Reporter]

Silversea's all-time high of $1,780 psf has been broken!
The nëw hïgh is now $1,886 psf!


Private Residential Units Sold in the Month of January 2010
Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Silversea ......... RCR ....... 124 ....................... 14 .......................... 1,886 ........... 1,528 ........... 1,223

[Sea]

Silversea Updates:

Some of the 2 and 3 br

units for Silvesea will now have

Private Lift!

4 remaining units for 2br Pool and Seafacing

C with Premium Finish!

Sms at 90686016 for appt!!

[Blue]

Can Silversea break Aalto's $2011psf record?

[Reporter]

Can Silversea break Aalto's $2011psf record?

Aalto's record is $3,000 psf - not $2,011 psf nor $2,436 psf. Otherwise, I would have said "Aalto has a new high with $2,011 psf".

Since there is so much interest on the highest price for Aalto, below please find the 5 caveats lodged.

Unit____SQFT__PSF,$___Total, $______ Contract date
14-0X__1959___1664___$3,259,000____17/07/08
20-0X__1550___2436___$3,776,000____16/06/08
15-0X__1959___1974___$3,867,300____09/05/08
26-0X__5425___3000___$16,275,000___12/03/08
20-0X__1959___2336___$4,577,000____20/02/08

[Blue]

Awesome! $16m for a super penthouse at the Aalto. The buyer could easily use the same amount of money to buy a free good sized landed hses at Crescent Road / Goodman Rd. Nevertheless, it's gd news! D15 all the way!!!

[Laguna]

Awesome! $16m for a super penthouse at the Aalto. The buyer could easily use the same amount of money to buy a free good sized landed hses at Crescent Road / Goodman Rd. Nevertheless, it's gd news! D15 all the way!!!

Was told it was bot by a HL director, if so, then it is understood

[Blue]

Left pocket out, right pocket in yeah....just pay stamp duty to stir up demand and therefore price...seems like quite a number of developments use this trick

[Regulators]

went to silversea showflaty yesterday, must say that the interior is lixury class with nice layout for units. the interesting part is there are only 20 units for 2 bedders facing the sea and only 6 units of those being able to get sea view. The transacted prices of 3 of the seaview 2 beder units in tower 3 is $1580psf to $1600psf. The other 10 2 bedders facing the sea for tower has yet to be launched and i was told the prices will be between $1600-1700psf for the 2 bedders... Pay so much for sea view and enjoy expressway noise at the same time. But silversea is definitely a much better place to live than The Shore (sea view totally blocked by 2 projects in front including silversea). Coralis is a waste of time even though it is freehold coz totally no chance of getting sea view with Parc Seaview in front and possibly other upcoming projects around there waiting to enbloc.

[bullman]

Coralis is a waste of time even though it is freehold coz totally no chance of getting sea view with Parc Seaview in front and possibly other upcoming projects around there waiting to enbloc.

With all due respect, I beg to differ. I studied Coralis's siteplan very closely and even went down to reccee the place. They basically tilt it at an angle to prevent it from being blocked by Parc Sea breeze. If you look from that angle, the only thing that will block it is the point block HDB so must buy high floors(14 up) to enjoy the sea view.

[Condorich]

Left pocket out, right pocket in yeah....just pay stamp duty to stir up demand and therefore price...seems like quite a number of developments use this trick

We can always play musical chairs... you scratch my back and I scratch his.... then he scratch yours... complex method, 3 way, 4 way, multi-way but the only cost are the stamp duties and legal fees... the rest, just on paper.

[Blue]

We can always play musical chairs... you scratch my back and I scratch his.... then he scratch yours... complex method, 3 way, 4 way, multi-way but the only cost are the stamp duties and legal fees... the rest, just on paper.

With the new ruling on seller's stamp duty, it will be harder for them to play musical chairs yeah...

[Condorich]

With the new ruling on seller's stamp duty, it will be harder for them to play musical chairs yeah...

But they can still play.. albeit with less chairs or a limp... 3% not much really... should be less of it and more focused at rich areas...

[Reporter]

Silversea's all-time high of $1,780 psf has been broken!
The nëw hïgh is now $1,886 psf!


Private Residential Units Sold in the Month of January 2010
Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Silversea ......... RCR ....... 124 ....................... 14 .......................... 1,886 ........... 1,528 ........... 1,223

$1,886 psf is nice but that is history now!
Silversea's nëw hïgh is now $1,946 psf!

The big question is when can we see $2,000 psf?


Private Residential Units Sold in the Month of February 2010
Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Silversea ......... RCR ....... 135 ....................... 11 .......................... 1,946 ........... 1,486 ........... 1,273