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Thread: Pavilion 11 at Novena (D11, Freehold, UOL)

  1. #31
    jonni Guest

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    Can they anyhow decide how much to pay upfront? I always thought you pay 20% and the remaining 80% on TOP? Does that mean additional borrowing costs since the bank loan starts earlier?

  2. #32
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    Jun 2008
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    Can check with UOL, for P11 it 20% down and 10% halfway (Sept/Oct 08) and final 70% on TOP. For subsale, buyer will need to pay 30% + profits and rest at TOP. Current owner-speculators trying to offload before the 10% kick in...

  3. #33
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    Aug 2008
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    Quote Originally Posted by primeboy
    I read somewhere online that the living room is not marble flooring, only homogeneous tiles. Remembered that only because I hardly know any decent condo that offers homogeneous tiles for living room flooring in this day and age.

    So, no gym and no marble flooring. All I can say is that UOL made big bucks...:-)
    Sure or not, i think i saw some adverts online where they said marble flooring... if true, quite sad. 1200 psf for tiles. How much is it to have contractor come in to re-do the flooring in marble anyway... mebbe can build that into purchase costs. But no gym... dunno how to rent out liao..

  4. #34
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    Jun 2008
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    Got the brochure - stated tiles, but there is a small gym. Owners are still holding their prices, the developer will ask for another 10% soon....

  5. #35
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    Aug 2008
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    Sorry, what are stated tiles.... sounds like something for the garden... is this for the living room?

    Are you sure that is a gym and not the outdoor fitness centre? I checked the site plan previously. Does the brochure mention an-indoor gym? Outdoor fitness centre is just a few poles for you to swing around...

  6. #36
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    Jun 2008
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    It porcelain tiles with painted timber skirting on living, dining, foyer, kitchen, Bedroom with timber strip..... only penthouse get marble tiles.... There is an indoor gym, beside the pool, in brochure it states the material used on gym flooring.

    Which stack you are looking at? 1485 or 958?

  7. #37
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    Aug 2008
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    Quote Originally Posted by keane
    It porcelain tiles with painted timber skirting on living, dining, foyer, kitchen, Bedroom with timber strip..... only penthouse get marble tiles.... There is an indoor gym, beside the pool, in brochure it states the material used on gym flooring.

    Which stack you are looking at? 1485 or 958?
    Was looking for a 1485 with the other agent ... no particular stack. Was turned off by the $1200 asking price.

  8. #38
    Join Date
    Aug 2008
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    Caveats for Pavillion 11 the last 10 months, as requested by a member of this forum;

    Unit, #__sqft___$psf____Price,$______Contract date

    26-0X__1485__1060___$1,574,100___18 Jun 2008
    21-0X__958___1180___$1,130,000___17 Jun 2008
    11-0X__958___1044___$1,000,000___21 May 2008
    10-0X__958___1050___$1,005,900___24 Mar 2008
    09-0X__958___923____$884,640____04 Mar 2008
    18-0X__958___1059___$1,015,000___28 Feb 2008
    22-0X__958___1275___$1,221,450___15 Jan 2008
    08-0X__1485__851____$1,263,315___11 Dec 2007
    09-0X__958___992____$950,000____11 Dec 2007
    03-0X__1485__840____$1,248,000___03 Dec 2007
    11-0X__1485__1145___$1,700,000___13 Nov 2007
    23-0X__1485__1280___$1,900,800___13 Nov 2007
    14-0X__1485__889____$1,320,000___30 Oct 2007
    16-0X__1485__1190___$1,767,150___23 Oct 2007

  9. #39
    Join Date
    Jun 2008
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    TQ, interested in 2 bedded 958sqft, agents quoted price range from 980-1100psf. Different price for Stack 6 and 2, stack 6 is facing pool while stack 2 overlook the city. Directly opp P11 another development coming up, land cleared and surely noisy when construction starts.

    The project will probably TOP end 1Q 2009 by looking at the construction progress, owners need to fork out another 10% coming sept/oct. Still have 7 more months to decide, no rush. By then economy good or bad will be clear shown.

  10. #40
    Interested Buyer Guest

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    Anyone got stack 7 unit to sell. i looking at 900psf. pls pm me if anyone have ready seller. i am interested to buy but i can wait if the price is too high because it is the buyers' market now. Thanks!

  11. #41
    Interested Buyer 2 Guest

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    Me too! Anyone got stack 7 unit to sell. i looking at 750psf. pls post here if anyone have ready seller. i am interested to buy but i can wait if the price is too high because it is the "buyers' market" now. So tell seller to let go at whatever I dictated. Thanks!

  12. #42
    to the pp fool Guest

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    don't be a ****ing fool. $750psf you can try geylang.

  13. #43
    Mah BT Guest

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    Even Geylang already transacted at $1,000 psf recently. You should go to Pasir Ris for $750 psf.

    We know you can wait but the prices may not. If you don't buy this year, then you probably need to end up settling on the HDB rental waiting list. Good luck.

  14. #44
    Unregistered2 Guest

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    Quote Originally Posted by Mah BT
    Even Geylang already transacted at $1,000 psf recently. You should go to Pasir Ris for $750 psf.

    We know you can wait but the prices may not. If you don't buy this year, then you probably need to end up settling on the HDB rental waiting list. Good luck.
    Hahaha, think you are simply too optimistics. With Lehman Brothers failing, credit crisis issue and liquidity issues in US, manufacturing down by 13.8% and GDP revised growth of less than 4% for Singapore, do you think the property price will hold at this level.

    We are technically in a recession now because our growth now is lesser than inflation rate. Good luck to those who still dont want to dispose off their unit. Even Alan Greenspan this crisis is worse than the Great Depression. If you dont dispose now, you might have to see value falling quickly........

  15. #45
    Hunter1 Guest

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    Quote Originally Posted by Unregistered2
    Hahaha, think you are simply too optimistics. With Lehman Brothers failing, credit crisis issue and liquidity issues in US, manufacturing down by 13.8% and GDP revised growth of less than 4% for Singapore, do you think the property price will hold at this level.

    We are technically in a recession now because our growth now is lesser than inflation rate. Good luck to those who still dont want to dispose off their unit. Even Alan Greenspan this crisis is worse than the Great Depression. If you dont dispose now, you might have to see value falling quickly........
    Think not every development will drop their prices across the board. Was told when I was looking that many units in this development are held by "strong hands".. "long term buyers". Maybe cos it is iconic in that area...

  16. #46
    Unregistered2 Guest

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    Quote Originally Posted by Hunter1
    Think not every development will drop their prices across the board. Was told when I was looking that many units in this development are held by "strong hands".. "long term buyers". Maybe cos it is iconic in that area...
    True, but no matter how strong your hands are, when u see global economy is coming down and your other investments is losing value, u will just need to let go. Some may have to sell assets to top up margin call from their investment. No one can escape a economy slow down. A strong hand will also become a weak hand if they dont do some re-balancing and cut loss.

  17. #47
    Hunter1 Guest

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    That is true for property in general. But I was told for this development, not so easy for prices to fall compared to others... at the end of the day, it is a limited commodity. There are only so many units. So I started looking elsewhere.

  18. #48
    Join Date
    Aug 2008
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    Caveats for Pavillion 11 the last 10 months, as requested by a member of this forum. The latest caveats lodged in red;

    Unit, #__sqft___$psf____Price,$______Contract date

    03-02__958___968____$927,344_____08 Sep 2008
    02-03__1485__900____$1,336,000___04 Sep 2008
    02-03__1485__896____$1,330,000___14 Aug 2008

    02-03__1485__837____$1,243,000___02 May 2007 this caveat provided for comparison to the 2 caveats above
    06-02__958___970____$929,260_____04 Jul 2008
    12-02__958___1023___$980,000_____23 Jun 2008
    26-0X__1485__1060___$1,574,100___18 Jun 2008
    21-0X__958___1180___$1,130,000___17 Jun 2008
    11-0X__958___1044___$1,000,000___21 May 2008
    10-0X__958___1050___$1,005,900___24 Mar 2008
    09-0X__958___923____$884,640____04 Mar 2008
    18-0X__958___1059___$1,015,000___28 Feb 2008
    22-0X__958___1275___$1,221,450___15 Jan 2008
    08-0X__1485__851____$1,263,315___11 Dec 2007
    09-0X__958___992____$950,000____11 Dec 2007
    03-0X__1485__840____$1,248,000___03 Dec 2007
    11-0X__1485__1145___$1,700,000___13 Nov 2007
    23-0X__1485__1280___$1,900,800___13 Nov 2007
    14-0X__1485__889____$1,320,000___30 Oct 2007
    16-0X__1485__1190___$1,767,150___23 Oct 2007


    Unit 02-03 shows a very interesting transaction. How much $$ would the 14 August buyer have lost in 2.5 weeks?

  19. #49
    Unregistered1 Guest

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    fwah, kena flipped 3 times... are these caveats lodged for the option to purchase or for the actual sale? mebbe just didn't exercise option since it is such a short period of time of 2.5 weeks. Lose only 1% then?

  20. #50
    Join Date
    Aug 2008
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    Quote Originally Posted by Unregistered1
    fwah, kena flipped 3 times... are these caveats lodged for the option to purchase or for the actual sale? mebbe just didn't exercise option since it is such a short period of time of 2.5 weeks. Lose only 1% then?
    $13,300 is a lot of bread to throw away

  21. #51
    Join Date
    Mar 2008
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    Quote Originally Posted by Real Estate Pundit
    $13,300 is a lot of bread to throw away
    maybe he bery rich

  22. #52
    123 Guest

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    Quote Originally Posted by Unregistered1
    fwah, kena flipped 3 times... are these caveats lodged for the option to purchase or for the actual sale? mebbe just didn't exercise option since it is such a short period of time of 2.5 weeks. Lose only 1% then?
    I suspect could be a case of 1st buyer flipped to 2nd buyer because cannot raise sufficient funds for the purchase?

  23. #53
    Unregistered1 Guest

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    Saw this development. Looks quite impressive. Looks quite advanced in construction. Any idea when TOP is expected?

    Actually, how do you tell when TOP is expected for any development? I was told the official TOP date they tell you at the showflat is usually very conservative and the development usually will TOP before that so cannot rely on that anymore. Then how do you tell?

  24. #54
    Join Date
    Oct 2008
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    Well, I am interested to see what happens when developer sends TOP notice to pay 70% in few weeks and for those who has not had the loan arranged it is going to be disastrous day. The Banks are so tight now given loans out .. Realistically , I do not think I would pay more then 800psf in that area.. I guess I will wait till TOP notice when all rush to the market to sell their units.. so I can buy at realistic and reasonable price..
    If anyone wants to sell at 800psf let me know I can do it quick . either 2 bed, 3 bed or a pent.
    Cheers

  25. #55
    Wow Guest

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    Quote Originally Posted by J-Dog
    Well, I am interested to see what happens when developer sends TOP notice to pay 70% in few weeks and for those who has not had the loan arranged it is going to be disastrous day. The Banks are so tight now given loans out .. Realistically , I do not think I would pay more then 800psf in that area.. I guess I will wait till TOP notice when all rush to the market to sell their units.. so I can buy at realistic and reasonable price..
    If anyone wants to sell at 800psf let me know I can do it quick . either 2 bed, 3 bed or a pent.
    Cheers
    Hi,

    Me too want to buy a unit there. Anyone around 800-900 can pm me, i willing to offer the cheque for 3 rooms.

  26. #56
    UnregĄstered Guest

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    Quote Originally Posted by Wow
    Hi,

    Me too want to buy a unit there. Anyone around 800-900 can pm me, i willing to offer the cheque for 3 rooms.
    Aiyah! Now then say.
    Already sold that The Quartz unit at $830psf lah.
    Anyway, I will find another unit for you.

  27. #57
    Good news!!! Guest

    Default

    Recession was a april fools joke. tommorow everything back

    to normal, relax everyone. MBS2 tommorow launching at

    $5000psf, all new hdb units will be sold at $1000psf.

    Everyone rejoice.

  28. #58
    Unregistered1 Guest

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    Quote Originally Posted by J-Dog
    Well, I am interested to see what happens when developer sends TOP notice to pay 70% in few weeks and for those who has not had the loan arranged it is going to be disastrous day. The Banks are so tight now given loans out .. Realistically , I do not think I would pay more then 800psf in that area.. I guess I will wait till TOP notice when all rush to the market to sell their units.. so I can buy at realistic and reasonable price..
    If anyone wants to sell at 800psf let me know I can do it quick . either 2 bed, 3 bed or a pent.
    Cheers
    actually, you would be surprised. Singapore banks are still lending well. so owners are unlikely to sell because they cannot get loans... if they sell, its more because of job losses etc which will only hit us a few months down the road.

  29. #59
    Join Date
    Oct 2008
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    Ha-ha, Do not think so .. Look at some premier units at river value and Newton , they are all down from $2,200 psf to $1,400 - 1,600 psf and no body buying them.. Take any project which comes to TOP and see how many owners are desperately trying to sell competing each others .. jobless rate goes higher with everyday, ppl unwilling to spend money , and more to it .. now it makes more sence to convert S$ to Ozzi at 0.90 and buy there , more money to be made .. Singapore has to go down for a few years now.. So I am very sure The Pavillion will go down to below developer's cost .. $750-800 and you would be lucky to sell before the keys are out caz those dudes who do not realise there is no marble there may buy that .. whereas after viewing tell me who would pay Condo price for "HDB" tiles on the floor and do not forget that's ballestier which is hated area !!

  30. #60
    UnregĄstered Guest

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    Quote Originally Posted by J-Dog
    Ha-ha, Do not think so .. Look at some premier units at river value and Newton , they are all down from $2,200 psf to $1,400 - 1,600 psf and no body buying them.. Take any project which comes to TOP and see how many owners are desperately trying to sell competing each others .. jobless rate goes higher with everyday, ppl unwilling to spend money , and more to it .. now it makes more sence to convert S$ to Ozzi at 0.90 and buy there , more money to be made .. Singapore has to go down for a few years now.. So I am very sure The Pavillion will go down to below developer's cost .. $750-800 and you would be lucky to sell before the keys are out caz those dudes who do not realise there is no marble there may buy that .. whereas after viewing tell me who would pay Condo price for "HDB" tiles on the floor and do not forget that's ballestier which is hated area !!
    ... you seem to wish that your house value could go down ...

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