Just held VIP preview today with pretty good sales, do not know the exact number though
1300 psf upwards to the 10th floor, 1700 psf uwards from 11th floor onwards
Cote D Azur owners......Congratulations
Just held VIP preview today with pretty good sales, do not know the exact number though
1300 psf upwards to the 10th floor, 1700 psf uwards from 11th floor onwards
Cote D Azur owners......Congratulations
Originally Posted by registered
That explain the launch before OCT. From next month on bay window and planters must be counted into the GFA, that will have eat into developers profit. Think in future we might not see anymore bay window and planters for new projects.
No wonder dear to rollout in such a low period. I think the $$$ FEO earned from wasted big big baywindows and huge balcony weight heavily towards to possible low response from market.Originally Posted by Joe6816
Avg $1500psf for LH99 with non-stop ECP noise, really go so many fool hah!!?
good sales ?? heard its only 7 to 8 units sold !!Originally Posted by condoinvestor
That's what i heard from my friend 2day as well..not more than 10 units sold according from him..Originally Posted by egistered
We are launching SilverSea, it's open for preview on this coming weekend. If you have cheque ready. Kindly contact me for appt.
Here is some information for the SilverSea:
Tenure: 99 years leasehold
TOP: Est. 2011
Site Area: 218,435sqt
Total Unit: 383
Car Park Slot: 500
We are launching the tower 4, units with unblocked seaview
2 Bedroom: 869-1152sqt
3 Bedroom: 1485-1582sqt
3+ Study: 1647-1701sqt
4 Bedroom: 2497-2776 sqt
Location: Marine Parade Road
- 8 min drive to Marina Bay Sands Integrated Resorts, Singapore Flyer, Marina Bay Financial Centre
- 10 min drive to changi International Airport
- 10 min drive to Water Sports Centre & Sport Hub in Kallang
- 15 min drive to CBD
- 20 min drive to Orchard Road
- 5 min walk to Parkway Parade Shopping Mall
- 5 min walk to East Coast Park (Via underpass)
- Minutes walk to probable future Marine Parade MRT station
Price:
From $1400p.s.f onwards or $1.4mil for 2 bedroom.
From $1350p.s.f onwards or $2 mil for 3 bedroom.
From $1700p.s.f onwards or $4.4 mil for 4 bedroom.
(Notice: Price quoted may be changed by management without prior notice)
Thank you!
Caleb
Mobile: 96907212
http://calebkoh-private-properties.blogspot.com
Aiyah .. no need to complain about expressway la ... this is Singapore ... sooner or later there will be an expressway built near your house also ...Originally Posted by Unregistered.
REAL Estate Developers Association of Singapore (Redas) president Simon Cheong says private home prices are unlikely to drop much from current levels as selling prices are close to replacement costs, inclusive of construction costs.
Also, developers had a good year last year and ‘a lot of buffer’, he added, suggesting that they will be under less pressure to lower prices to chalk up further sales. ‘So I don’t anticipate that the drop will be too severe if there is one,’ Mr Cheong told reporters on the sidelines of Redas’ Mid-Autumn Festival Celebration yesterday.
However, some market watchers point out that developers are not uniform in financial strength.
DTZ senior director (research) Chua Chor Hoon agreed that the established developers who have made supernormal profits in the last few years have more holding power. ‘However, some new players who bought sites at high prices last year may not have enjoyed big profits. And there are smaller developers who may need to roll projects one after another to generate cashflow,’ she said.
Analysts say weaker players may be more inclined to trim prices if necessary to dispose of their projects. Another factor affecting price levels is the secondary market, including subsale transactions.
The median subsale prices of Citylights and The Sail @ Marina Bay eased about 2 and 14 per cent respectively in the second quarter of 2008 from the preceding quarter, according to a recent caveats analysis by DTZ.
Mr Cheong also said that high-end home prices have peaked but will probably achieve a new high ‘eventually when the sentiment improves, the economy improves, come 2010 when the integrated resorts come into play and with Singapore being a successful wealth management centre’.
Mr Cheong also said he continued to be upbeat about the Singapore property market in the long term, citing the Republic’s political stability and strong fundamentals, as well as upcoming projects/events that will further position Singapore as a global city. ‘I think when the whole storm blows over, the market should be able to accept the situation better and hopefully by next year, say 12 months’ time, we will be in a better state than now,’ he said.
Despite the generally upbeat tone of Mr Cheong’s comments, there is no denying the uncertainty in the short term.
Frasers Centrepoint CEO Lim Ee Seng, when quizzed on where the property market is headed in the next six months, said: ‘I don’t know. I hope that the market will be better. It’s all sentiment-driven. But I believe if there is good news in the market, the good sentiment will come back very quickly.’
Gwee Lian Kheng, group chief executive of UOL Group, said that there may be a tendency for some developers to slow down on the construction of their projects given that holding cost (interest cost) is 3 to 5 per cent, much lower than the 30 per cent rise in construction costs in the past nine months. ‘So there’s an advantage by slowing down.’ On a more positive note, Mr Gwee noted that prices of some construction materials like steel have started to stabilise.
Others like City Developments can ride on the advantage of having a diverse residential landbank comprising low-, mid- and high-end sites, said the company’s group general manager Chia Ngiang Hong. ‘We can pull out projects for which there is demand in the market. For the time being, the low- and mid-ends are still quite resilient,’ he added.
Any updates on the actual sales so far?
Originally Posted by Joe6816
Developers appeal to Govt over bay window ruling
Posted: 12 Sep 2008 08:39 PM CDT
THEY might look innocuous, but bay windows and planter boxes have become a hot topic of discussion between property developers and the Government.
The talks centre on a controversial decision by the Urban Redevelopment Authority (URA) to include the area of such design features in gross floor area (GFA) calculations.
Bay window and planter boxes, which often make up about 5 per cent of a condo's saleable area, used to be exempt from GFA calculations. But buyers paid developers for this area as it was provided with the unit.
The URA caught the industry by surprise on July 7 when it stated that the revised guidelines would take effect from Oct 7. It was reported at the time that the move would close a 'loophole' that developers had been exploiting.
Planter boxes were originally introduced to provide greenery and visual relief to high-rise condos.
However, the URA said feedback and its own investigations found extensive unauthorised conversions of planter boxes into balcony space or extensions of the living room - which defeated the original purpose.
This also led to the buildings being less energy efficient, said the URA.
But developers said yesterday it was a 'misconception' that they were profiting from it.
UOL Group chief operating officer Liam Wee Sin told The Straits Times that contrary to general perception, developers did not 'have it free'.
'There's a reason why it's there in the first place,' he said. 'It costs money to construct these features, and it is not given to us free.'
It is part of the 'residual land value' and developers factor this when bidding for a site, he said.
A Lianhe Zaobao report quoted market sources who suggested the change might lead developers to pay less for land.
It cited the sale of a site next to Tanah Merah MRT station that was awarded recently at $282 per sq ft per plot ratio (psf ppr). This was 11 per cent less than the $318.50 psf ppr attained by a neighbouring site before the GFA change was announced.
The president of the Real Estate Developers' Association of Singapore (Redas), Mr Simon Cheong, said he could not comment further because talks were 'in process'.
Mr Cheong, who was speaking at Redas' annual Mid-Autumn Festival celebration, said that developers were cautious in their short-term outlook due to high construction costs.
'Hopefully in 12 months' time, we'll be in a better state than now,' he said.
He cited Singapore's low interest rates and upcoming events such as the Formula One race and Youth Olympics for his bullish outlook.
On the price of real estate, he said that 'if it drops, it will not be much more'.
The replacement cost of apartments, including cost of construction, is very close to selling prices already, he added.
Mass market home prices are dependent on local demand and 'this is subjective to how the economy is'.
Source : Straits Times - 13 Sep 2008
Originally Posted by condoinvestor
10 is what i heard.....might be wrong
any sold by you?Originally Posted by Joe6816
Originally Posted by buy
Not yet. My buyers only going for premier stack/level and willing to pay premier prices. Waiting for #14 and above to launch. See how loh
heard that stack 21 is the bestOriginally Posted by Joe6816
all rooms sea facing one.
Originally Posted by buy
you buying one?
no not buyingOriginally Posted by Joe6816
frankly speaking it is truly nice project
hope to stay there one day
hmmmmm....up to youOriginally Posted by buy
SS is way way above market value - 99yr LH - so what if its by the ECP with
view of sea. Why pay so much and end up being in trouble later ?
Developer has maximized profits and left no room for buyers to gain any upside profit - now or even in the future ,,,,,, just think at 1300psf or 1700psf what could be the upside(for a 99LH).
Even Meyer rd condos that are FH being sold at lower psf than this,,,,,
Just a word of caution - be careful and think a thousand times before you
sign the dotted line.
Originally Posted by Uregistered
hmmmmm...........
We were told that #09-22 will have seaview and no afternoon sun ?
What is your take on this ?
Heard the enbloc vultures of previous Amverwille are not buying. They are amongst VIP guest invited for early preview. They must be doing their sums right and feel not a compelling buy ?
To pay $1500psf for ECP road noise is very stupid, very foolish. There are better choices out there with Seaview without the never ending road noise.
$800 psf will be the corrected price for Silversea next year when Singapore goes into recession.
you property tycoon who can create waves in the property market orsome officials of the government? you can tell it will go at a corrected price at $800 psf? hahaha...Originally Posted by 2009
if recession, everything will collapse, including the roof over your own head now.
i think you must be dreamingOriginally Posted by 2009
continue to dream on boy
Please wake up...
yeah they must be doing their sums and realizing how much they haveOriginally Posted by Ambervile
been short changed.....
they received one million dollars plus loose change for their units and now
if they want to stay on that same land, its 2.5 times more......
oh dear u should be the one to wake up ---- anything is possible now.Originally Posted by buy
the global financial climate is bad...very very bad.
did any one ever thought that Lehman Brothers would be in trouble.....
Anyone know when will the other towers be launched?
Indeed, to pay $2k psf for SS, I might as well buy The Reflection at similar PSF and do w/o the ECP Road Noise if sea view is really what I want. The Reflection is definitely a much nicer project that SS.Originally Posted by 2009
They cant finish selling the first tower and you r asking when the other three are to be launched - putting salt on the wounds i suppose.....haha.Originally Posted by Unregistered123
Read papers or not? Confirm and chop Singapore is no longer immuned to earthquake and fault lines will have close. It was reported that all the buildings along the reclaimed land along Marine Parade are the MOST VULNERABLE and not definitely NOT earthquake proof which means in the event of an earthquake, these buildings will fall. The damage would be terrible. Worse still, there is spillover effect which means all surrounding areas will not be spared. Insurance companies are already contemplating increasing premiums earthquake prone area. The entire area is on soft sand soil.
Originally Posted by 007