Developers' Projects with Prices Slashed / ABSD Rebates / Re-Launch Discounts / etc.

[sunboy77]

This discussion thread is for sharing good lobangs with the forumers here. Please feel free to contribute any good lobangs that you had come across.
In the current low sale-volume climate, we foresee many developers' projects going to drop prices soon - especially for those unsold units that are near, or have even passed, their T.O.P dates.
In fact, some have already dropped prices. I shall start by contributing here:

27 July 2014

1) Vermont on Cairnhill
Cairnhill Rise (D09)
Freehold
Just T.O.P.
Many units went by more than half-million dollars discounts
Results: 31 units out of the last 34 units were sold in 2 weeks upon the start of the discount program.
Currently left with only 3 units of 3BR.
From $2.691m, or $2016psf nett.


2) Whitehaven
Pasir Panjang Road (D05)
Freehold
Last unit of 4BR DK ($1530psf) and 12 units of penthouses (from $1285psf)
Developer opened to negotiation!


3) The Skywoods
Dairy Farm Road (D23) near Hillview MRT Station
99-years LH
Prices have dropped to $1,1xx to $1,3xx psf
Results: 19 units sold in 2 weeks


4) The Crest
Prince Charles Crescent (D03)
99-years LH
Prices are averagely $1,6xx psf to $1,9xx psf. Already cheaper than the neighbouring Echelon, yet buyers will enjoy additional ABSD rebates.


5) Hallmark Residences
Ewe Boon Road (D10) near Stevens MRT
Freehold
T.O.P. coming soon
Prices slashed by 10%. Average prices dropped from $2,3xx psf to $1,8xx psf (for 3BR from $2.8m, 4BR from $3.5m) to $1,9xx psf (for 2BR, from $1.89m).
Results: 40% sold in 2weeks. For buyers looking for 4BR, there are only 2 units left.


6) The Trilinq
Jalan Lempeng (D05) near Clementi MRT
99-yrs LH
Developer opened to negotiation. But re-launch program coming soon. Stay tuned.




Need more info to the above projects? Feel free to contact me at 96882200 or [email protected].

[sunboy77]

Please feel free to contribute here if you come across any good discounts from developers.

Hopefully they are genuine discounts and not those gimmicky, 'mark-up-prices-but-give-discounts' types. Haha.

[august]

Panorama got discounts too...

[sunboy77]

Panorama got discounts too...

Thanks august.

8) The Panorama
Ang Mo Kio Ave 2 (D20) next to Mayflower MRT
99-yrs LH.
Prices slashed from ($13xx psf - $15xx psf) to ($11xx psf - $13xx psf)
Results: 63 units sold in June/July

[teddybear]

Wow! Developers can provide ABSD rebates! This is akin to exploiting loophole and evasion of the ABSD cooling measures and nothing is being done by MND and MAS? Are they sleeping or just closing one eye?

This discussion thread is for sharing good lobangs with the forumers here. Please feel free to contribute any good lobangs that you had come across.
In the current low sale-volume climate, we foresee many developers' projects going to drop prices soon - especially for those unsold units that are near, or have even passed, their T.O.P dates.
In fact, some have already dropped prices. I shall start by contributing here:

27 July 2014

1) Vermont on Cairnhill
Cairnhill Rise (D09)
Freehold
Just T.O.P.
Many units went by more than half-million dollars discounts
Results: 31 units out of the last 34 units were sold in 2 weeks upon the start of the discount program.
Currently left with only 3 units of 3BR.
From $2.691m, or $2016psf nett.


2) Whitehaven
Pasir Panjang Road (D05)
Freehold
Last unit of 4BR DK ($1530psf) and 12 units of penthouses (from $1285psf)
Developer opened to negotiation!


3) The Skywoods
Dairy Farm Road (D23) near Hillview MRT Station
99-years LH
Prices have dropped to $1,1xx to $1,3xx psf
Results: 19 units sold in 2 weeks


4) The Crest
Prince Charles Crescent (D03)
99-years LH
Prices are averagely $1,6xx psf to $1,9xx psf. Already cheaper than the neighbouring Echelon, yet buyers will enjoy additional ABSD rebates.


5) Hallmark Residences
Ewe Boon Road (D10) near Stevens MRT
Freehold
T.O.P. coming soon
Prices slashed by 10%. Average prices dropped from $2,3xx psf to $1,8xx psf (for 3BR from $2.8m, 4BR from $3.5m) to $1,9xx psf (for 2BR, from $1.89m).
Results: 40% sold in 2weeks. For buyers looking for 4BR, there are only 2 units left.


6) The Trilinq
Jalan Lempeng (D05) near Clementi MRT
99-yrs LH
Developer opened to negotiation. But re-launch program coming soon. Stay tuned.




Need more info to the above projects? Feel free to contact me at 96882200 or [email protected].

[minority]

Wow! Developers can provide ABSD rebates! This is akin to exploiting loophole and evasion of the ABSD cooling measures and nothing is being done by MND and MAS? Are they sleeping or just closing one eye?

Why? u jealous but cannot afford? LOL!

[sunboy77]

I suspect Commonwealth Towers will be next to lelong. Haha.

[minority]

i prefer resale. lower psf. ready to be rented out.

[bargain hunter]

this means that if buyer is paying 15% they rebate 15% and if buyer is paying 10%, they rebate 10% and likewise if buyer is paying 7%, they will rebate 7%?

4) The Crest
Prince Charles Crescent (D03)
99-years LH
Prices are averagely $1,6xx psf to $1,9xx psf. Already cheaper than the neighbouring Echelon, yet buyers will enjoy additional ABSD rebates.

[sherlock]

i prefer resale. lower psf. ready to be rented out.

My sentiments exactly. I never buy any new since my 1st purchase years years ago

[cartman]

is the vermont such a great deal after the discounts? all the units were taken up

[bargain hunter]

seems like brand new 1400 sq ft 3 bedders at 2000psf or around 2.7m is attractive to the buyers.

is the vermont such a great deal after the discounts? all the units were taken up

[thomastansb]

Same here. It makes more financial sense. I collect 3-4 years of rental more. And after 10 years, the price of a new unit is more or less the same as the older one. As a buyer, do you really care if the property TOP in 1995 or 1999? Both are old.

i prefer resale. lower psf. ready to be rented out.

[smellyfish]

D'leedon - 15% for all units.

anymore new discounts?

[august]

is the vermont such a great deal after the discounts? all the units were taken up

very good for own stay!

[bargain hunter]

but this one is after mark up then discount back 15%. my friend bought the true discount in jan 2013. since then, similar units had been marked up then discounted back 15%, which is still more ex than the jan 2013 sale. similarly so for interlace, 19% is not really a great discount price because it is after mark up.

D'leedon - 15% for all units.

anymore new discounts?

[Rosy]

Same here. It makes more financial sense. I collect 3-4 years of rental more. And after 10 years, the price of a new unit is more or less the same as the older one. As a buyer, do you really care if the property TOP in 1995 or 1999? Both are old.

It depends on the timing and 'lobang'

For resale u need 'lobang' and hardwork and can be very time consuming.

[Rosy]

is the vermont such a great deal after the discounts? all the units were taken up

I think it is a good deal especially it has TOPed. Psf about the same as older condos nearby.

[sunboy77]

is the vermont such a great deal after the discounts? all the units were taken up

D09, brand new, just TOP, with many units at $2,0xx psf or even lower ley.

Vermont was 100% SOLD since last Monday. Even the show suites with extra ID costs were sold.

The power of price slashes. Shows that it's not all about affordability. It's about buyers looking for value-buys.

[sunboy77]

9. The Cascadia
Bukit Timah Road next to King Albert Park MRT and the new KAP mall.
FREEHOLD
T.O.P. since 2010
11 units of penthouses, 7 units of 2+S, 4 units of 3BR and 1 unit of 4BR remaining.
Prices were slashed from ($1,7xx psf - $2,0xx psf) range to current averagely $1,6xx psf (referring to typical units. Not penthouses or patio units).
We still have one more 2+S unit at $1,5xx psf.
Results: 8 units sold in the months of June/July. Good-facing 3BR units all gone (less the show suite).

This one really good lobang. For all the ai-phee-ai-cyee buyers who "want freehold, want central location, want MRT, want mall, want good layout (all come with enclosed kitchen and yard and queen-size bedrooms), yet cheap". Haha dunno where else to find liao.

[bargain hunter]

this is from developer?

what about the fund which is trying to unload the units it bought from the developer? did they manage to sell well and/or are they slashing prices as well?

9. The Cascadia
Bukit Timah Road next to King Albert Park MRT and the new KAP mall.
FREEHOLD
T.O.P. since 2010
11 units of penthouses, 7 units of 2+S, 4 units of 3BR and 1 unit of 4BR remaining.
Prices were slashed from ($1,7xx psf - $2,0xx psf) range to current averagely $1,6xx psf (referring to typical units. Not penthouses or patio units).
We still have one more 2+S unit at $1,5xx psf.
Results: 8 units sold in the months of June/July. Good-facing 3BR units all gone (less the show suite).

This one really good lobang. For all the ai-phee-ai-cyee buyers who "want freehold, want central location, want MRT, want mall, want good layout (all come with enclosed kitchen and yard and queen-size bedrooms), yet cheap". Haha dunno where else to find liao.

[thomastansb]

Which investments don't need? Unless you go with the flow, go in the bank and buy minibonds. Lose money, then blame everyone else. No pain, no gain.

It depends on the timing and 'lobang'

For resale u need 'lobang' and hardwork and can be very time consuming.

[sunboy77]

this is from developer?

what about the fund which is trying to unload the units it bought from the developer? did they manage to sell well and/or are they slashing prices as well?

Hi bargain hunter. Indeed, these units are owned by the fund. The developer do not hold any more units.

[Pug]

Developers are giving 'discounts' based on marked-up prices. Know of someone who bought direct from fund awhile back - 3br, 4th flr, pool-facing @ just over $1,400 psf, quantum ard $1.8M+.

9. The Cascadia
Bukit Timah Road next to King Albert Park MRT and the new KAP mall.
FREEHOLD
T.O.P. since 2010
11 units of penthouses, 7 units of 2+S, 4 units of 3BR and 1 unit of 4BR remaining.
Prices were slashed from ($1,7xx psf - $2,0xx psf) range to current averagely $1,6xx psf (referring to typical units. Not penthouses or patio units).
We still have one more 2+S unit at $1,5xx psf.
Results: 8 units sold in the months of June/July. Good-facing 3BR units all gone (less the show suite).

This one really good lobang. For all the ai-phee-ai-cyee buyers who "want freehold, want central location, want MRT, want mall, want good layout (all come with enclosed kitchen and yard and queen-size bedrooms), yet cheap". Haha dunno where else to find liao.

[bargain hunter]

ic. its good that the fund has cleared most of its units then.

Hi bargain hunter. Indeed, these units are owned by the fund. The developer do not hold any more units.

[sunboy77]

Developers are giving 'discounts' based on marked-up prices. Know of someone who bought direct from fund awhile back - 3br, 4th flr, pool-facing @ just over $1,400 psf, quantum ard $1.8M+.

I went through all the caveats lodged. No such transaction in my records.
The only $1,4xx psf units are all ground floor patio units.

[Kelonguni]

I went through all the caveats lodged. No such transaction in my records.
The only $1,4xx psf units are all ground floor patio units.

Possible to be unlogged or unrecorded you think?

[czk04]

I went through all the caveats lodged. No such transaction in my records.
The only $1,4xx psf units are all ground floor patio units.

The Cascadia saw 72 units transacted in the primary market at $1,464 psf median price.

I found this from a blog on 15 June 2010: http://thecascadia.wordpress.com/

[Pug]

Thinking out loud and sharing what I know first hand. No idea abt your sources. Cheers.

I went through all the caveats lodged. No such transaction in my records.
The only $1,4xx psf units are all ground floor patio units.

[sunboy77]

The Cascadia saw 72 units transacted in the primary market at $1,464 psf median price.

I found this from a blog on 15 June 2010: http://thecascadia.wordpress.com/

Not surprising about the median price cos penthouses can go as low as $8xx psf.