Celestia@Joo Chiat Terrace (D15-FH)

[Ah Lian]

No money buy D15, then go buy D17/D18 lah

Head not so big, don't wear so big hat

Also can consider D24. But is durian not condo.

[Unregistered2112]

I don't know what's wrong with Joo Chiat and Telok Kurau buyers. What the heck is "boutique developers"? Small developers with low capital base just say "small". These developers are in the WORST position in times of downturn. I find it amusing anyone can use the word "boutique" to describe developers. Even those tiny developments in Joo Chiat with no facilities and no theme no other merits to not qualify as boutique.

Currently, we are looking around at other boutique development especially at the katong area as we think there will still be a substantial upside in this area. (After Meyer and Amber)

Looking at the current situation, we are still bullish on the singapore property market from next year onward especially in the D15 area. But we are not sure whether will the current price head north or south? So we decided to make an appointment with the CEO of one of a boutique developer. He mentioned to us that at present moment, as most of the developer had a very healthy "books" in the last 1-2 years, they were actually not too worry unless the situation dragged for another 1-2 years.

Furthermore, from last year, in view of the sub prime crisis, most of the boutique developer had already prepared the necessary stock like lifts, electrical and plumbing accessories needed for the development. Thus most of them had strong holding power. He said at times, agents might accept cheques from potential buyers that were only willing to buy the unit at a discounted price of upto $50PSF to $100PSF. But he said for his development, he will never accept it when the cheques (with discounted prices) were presented to him. He also mentioned that in comparison to those units sold in the "prime time" to those unsold units, these were only a mere 10% or lower. Thus they had strong cash flow and would delay launches till situation improved, and that he said would probably very soon.

[Chindian]

East Coast is losing its charm amongst the expats. Check the ground. The Chindians are flooding the area but once the chindians move away, it will only go down.

Katong area is better than Telok Kurau, but not Joo Chiat.

[Unregistered1]

I think we should all take a step back and analyse the current situation.

Property prices averaging abt $1K ~ $1.2K would mean that a typical 3 Brm of abt 1200 SF would cost abt $1.3M on the average. How would a typical middle class Singaporean be able to afford such prices on the long run?? (let's not talk about exceptional items like en-bloc buyers.. silver spoon families..)

If the cost of property is $1.3M, our average joe would have to loan $1.17M (assume 90% financing). Stretching this over 30 years (with the lowest interest rate of 2.5%), the monthly instalment would amount to $4.6K.

Our average joe would then have to cough up $3.6K cash as the CPF would only cover $1K for home loan contribution (CPF ceiling of $4.5K @ 34.5% contribution @ 65% for ordinary account)

Taking into account credit card bills, home monthly maintenance, car maintenance, kids tution, insurance bills, utilities, income & property taxes, entertainment expenses... our average joe might end up living the Singapore Dream but nigger rich..

Got Credit Card, Condominium, Car, Career & Country Club.. but saving account only $10 dollars plus remaining every month end.. (or even worst.. surviving on credit card rolling to pass month by month)..

I believe some readers might pass sniggering remarks but sad to say, most of what I've commented refer to the common Singapore folk..

You know why we have low birth rate? because more women are working and some earn as much as men. Couples refuse to have babies nowadays. They would chase high paying careers hence, today's couples should have high combined income, hence they always complain cannot qualify for HDB ceiling. So, from your figure $4.6k a month, assuming both contribute CPF so the cash outlay is only $2.6k. Equivalent to $1.3k each. Quite easy to manage these days.

[propertyinvestor]

I am looking at trembling and Joo chiat area. Condo at trembling being very near to Katong mall command a higher price. I think PSF easily range above $1,000 to $1,200PSF (2 to 3 bedder) . However, Joo chiat about 5 minutes drive from Katong mall priced less than $800 (2 to 3 bedder) appear quite a good buy. I think with the enbloc of Katong mall, this area should be worth to look at.... my 2 cents.

Of course we cannot compare Joo chiat and other prime area D15 like meyer and amber or even trembeling.

Personally, I think it is quite worthwhile to invest in Joo Chiat due to much lower pricing as compared to the above prime D15. I also will foresee that after the revamp of Katong mall, (Joo chiat area being in close vicinityto Katong mall) this area should be ideal for investment.

Price in this area is still reasonable at the moment. (Less than $800 PSF for a 3 bedder). This pricing is even lower than some D19 LH99. eg. Kovan residence (3 bedder price around $880PSF)

[Star Investor]

Hi Folks, may I know what is Katong Mall going to be developed onto?

[Katong Lover]

Katong Mall sold to Tuan Sing Group for S$219m
Posted: 30 June 2008 1917 hrs


Photos 1 of 1





SINGAPORE : Katong Mall has been sold in a collective transaction to property developer Tuan Sing Group for S$219 million.

Including a premium of S$24.5 million to top up the site's lease, the price works out to about S$865 per square foot of gross floor area.

The tender for the 99-year leasehold commercial development in the Marine Parade area was launched in May.

Katong Mall, located at the junction of East Coast Road and Joo Chiat Road, is currently a four-storey building with three basements.

Under the Master Plan, the 78,158 square foot site is zoned for commercial use. It has a gross plot ratio of up to 3.6, with the allowable building height subject to evaluation.

Outline planning permission has been obtained for either a full commercial development or a mixed development with residential and commercial space.

The new development could yield some 100 residential units of 1,200 square feet each, and 185 commercial or retail units with an average size of 400 square feet. - CNA/ms

[Star Investor]

Hmm, Katong Mall sold for $865 psf...it means it will later sell for at least $1200 psf to reap in the profits..good! hehe..luckily I bgt my unit near there..

[propertyinvestor]

Hmm, Katong Mall sold for $865 psf...it means it will later sell for at least $1200 psf to reap in the profits..good! hehe..luckily I bgt my unit near there..

The Beacon edge being very near to Katong Mall is already marketing at $1,100 to $1,200PSF. I will foresee a at least $1,300 to $1,400PSF at the "residential@Katongmall" for developer to bring in profit of around $50 to $100PSF.

Another area you can consider is towards Joo chiat (3-5 minutes drive from Katong mall) if you have lower budget and which is currently priced at least 20% below The beacon edge. From Joo Chiat, another 3-5 minutes drive, you will be able to reach the future Paya Lebar Business Hub. Another good upside potential to tag on..

[5 C Slaver]

I think we should all take a step back and analyse the current situation.

Property prices averaging abt $1K ~ $1.2K would mean that a typical 3 Brm of abt 1200 SF would cost abt $1.3M on the average. How would a typical middle class Singaporean be able to afford such prices on the long run?? (let's not talk about exceptional items like en-bloc buyers.. silver spoon families..)

If the cost of property is $1.3M, our average joe would have to loan $1.17M (assume 90% financing). Stretching this over 30 years (with the lowest interest rate of 2.5%), the monthly instalment would amount to $4.6K.

Our average joe would then have to cough up $3.6K cash as the CPF would only cover $1K for home loan contribution (CPF ceiling of $4.5K @ 34.5% contribution @ 65% for ordinary account)

Taking into account credit card bills, home monthly maintenance, car maintenance, kids tution, insurance bills, utilities, income & property taxes, entertainment expenses... our average joe might end up living the Singapore Dream but nigger rich..

Got Credit Card, Condominium, Car, Career & Country Club.. but saving account only $10 dollars plus remaining every month end.. (or even worst.. surviving on credit card rolling to pass month by month)..

I believe some readers might pass sniggering remarks but sad to say, most of what I've commented refer to the common Singapore folk..

I just read an article this weekend, for $1 mil house, the conform level is with combine income must be $12K per mth..., so for $1.3 mil house, the combine income should be $15K at least? i don't think many of the middle class Singaporean can earn that much... further more, stretching over 30 years is a crazy idea, that make your actual payment double, in fact, you have to pay $2.5 mil for a cond flat. with your whole life!! by then you are at least 60 years old liao! Wow! don't be the 5 C Slaver!

[propertyinvestor]

I just read an article this weekend, for $1 mil house, the conform level is with combine income must be $12K per mth..., so for $1.3 mil house, the combine income should be $15K at least? i don't think many of the middle class Singaporean can earn that much... further more, stretching over 30 years is a crazy idea, that make your actual payment double, in fact, you have to pay $2.5 mil for a cond flat. with your whole life!! by then you are at least 60 years old liao! Wow! don't be the 5 C Slaver!

Yes. I fully agree that you should not be stretching yourself too much if you do the have the ability to do so.

But if you are middle income (around 10K to 12K range), in your early or mid fourties. With double income and normal salary, said starting working twenty years back with a initial combine income of around 4K to 5K and with small salary increment every year till now with a combine income of around 10K to 12K, you should have accumulated at least 500K to 600K(combine CPF) by now. To manage a 1mil to 1.1mil house should not be a very big problem.

[ANG MOH'S FLACID COCK]

ANG MOH HAS FLACID TUA LAM PAR AND ALWAYS DEPENDING ON VIAGRA. HO KUA BO HO CHIA. LOCAL GIRLS THAT ARE UGLY AND REJECTS IN SINGAPORE THROW THEMSELVES TO ANG MOHS. U THINK YOU ANG MOH GUYS GET THE BEST GIRLS, BUT THEY ARE REJECTS BY US CHINESE, ESPECIALLY THOSE STUPID BIMBO SARONG PARTY GIRLS THAT ARE DESPISED AND FIT FOR ONLY MALE DOGS TO US.

HELLO I AM ANG MOH. U ALL TALK COCK HERE WHILE I AM ****ING YOUR GIRLFRIENDS AND WIVES BEHIND YOUR BACK. THOSE LOCAL WOMEN LOVE MY BIG WHITE TUAKEE, AS WELL AS HANDSOME FACE AND STRONG BODY, PLUS MY BIG AND THICK WALLET. HAHAHHAHAHHAHAHAHAHAA YOU POOR LOCAL WIMPS HAVE NO CHANCE. LAH! HOR! HAH! SOUR LOCAL GRAPES SUCK. YOU CANNOT GET YOUR LOCAL GIRL THEN YOU BLAME ANGMOH. HELLO IT IS THE LOCAL GIRLS WHO THROW THEMSELVES AT US, NOT OUR FAULTS, RIGHT?

[ANTI-CORWARD]

ANG MOH HAS FLACID TUA LAM PAR AND ALWAYS DEPENDING ON VIAGRA. HO KUA BO HO CHIA. LOCAL GIRLS THAT ARE UGLY AND REJECTS IN SINGAPORE THROW THEMSELVES TO ANG MOHS. U THINK YOU ANG MOH GUYS GET THE BEST GIRLS, BUT THEY ARE REJECTS BY US CHINESE, ESPECIALLY THOSE STUPID BIMBO SARONG PARTY GIRLS THAT ARE DESPISED AND FIT FOR ONLY MALE DOGS TO US.

STOP USING VULGARITIES IN THIS FORUM. YOU ARE SPOILING THE IMAGE OF CONDOSINGAPORE.COM AND PEOPLE LIVING IN THESE CONDOS. WATCH YOUR MOUTH. REGISTER YOURSELF IF YOU HAVE THE GUTS BEFORE YOU POST THIS. COWARD!

[ANTI-CORWARD]

HELLO I AM ANG MOH. U ALL TALK COCK HERE WHILE I AM ****ING YOUR GIRLFRIENDS AND WIVES BEHIND YOUR BACK. THOSE LOCAL WOMEN LOVE MY BIG WHITE TUAKEE, AS WELL AS HANDSOME FACE AND STRONG BODY, PLUS MY BIG AND THICK WALLET. HAHAHHAHAHHAHAHAHAHAA YOU POOR LOCAL WIMPS HAVE NO CHANCE. LAH! HOR! HAH! SOUR LOCAL GRAPES SUCK. YOU CANNOT GET YOUR LOCAL GIRL THEN YOU BLAME ANGMOH. HELLO IT IS THE LOCAL GIRLS WHO THROW THEMSELVES AT US, NOT OUR FAULTS, RIGHT?

STOP USING VULGARITIES IN THIS FORUM. YOU ARE SPOILING THE IMAGE OF CONDOSINGAPORE.COM AND PEOPLE LIVING IN THESE CONDOS. WATCH YOUR MOUTH. REGISTER YOURSELF IF YOU HAVE THE GUTS BEFORE YOU POST THIS. COWARD!

[Star Investor]

I just read an article this weekend, for $1 mil house, the conform level is with combine income must be $12K per mth..., so for $1.3 mil house, the combine income should be $15K at least? i don't think many of the middle class Singaporean can earn that much... further more, stretching over 30 years is a crazy idea, that make your actual payment double, in fact, you have to pay $2.5 mil for a cond flat. with your whole life!! by then you are at least 60 years old liao! Wow! don't be the 5 C Slaver!

Private housing is meant for families with combined income of at least $8K/mth. If not why did HDB come out with the $8K ceiling for buying new HDB flats? If one is thinking of buying above $1M, combined income should be at least double digit.

Dun overstretch, but also dun underestimate the potential upside of property prices. It will go up over time as all may know. 20 yrs ago, no one expected that a 3 rm HDB flat will rise from $30K to the current $180K. Those private equity funds who bgt $2K - $3K psf in prime areas are not stupid. They have PHDs in Economics and actuarials working for them to calculate risks and returns. We'll just hv to wait and see when the mkt will rise again.

[haha]

STOP USING VULGARITIES IN THIS FORUM. YOU ARE SPOILING THE IMAGE OF CONDOSINGAPORE.COM AND PEOPLE LIVING IN THESE CONDOS. WATCH YOUR MOUTH. REGISTER YOURSELF IF YOU HAVE THE GUTS BEFORE YOU POST THIS. COWARD!

If you can't take the heat, get out of this forum.

This forum only speaks the truth, ugly or not. And all the better for it, as we buyers like to be fully informed of whatever faults a condo has.

If you have a lousy condo, better don't post it here, cuz will get slammed left and right.

If your condo is a good one, then it should have no problems here despite people slamming it because it speaks for itself.

We do not mince our words here at CONDOsingapore.com! We are sick of other forums that only carry balls and only describe good things but not the bad.

[buy]

those who cant own one

will have lots of things to said

.........

[propertyinvestor]

Empty vessels make the most noise.

[Petmail]

Those of you who are still interested in this project kindly drop me a line @ 82818888. Expected TOP in another quarter!!! Direct from developer!!! Attractive price!!!


Pet

[Ptyspecs]

Those of you who are still interested in this project kindly drop me a line @ 82818888. Expected TOP in another quarter!!! Direct from developer!!! Attractive price!!!


Pet

Are there any 1+1 studio/ 2 bed rooms available from developer? Please advise on the PSF and area. Thanks

[VIPCLUB2004]

We should buy property, save Singapore economy

[Petmail]

Are there any 1+1 studio/ 2 bed rooms available from developer? Please advise on the PSF and area. Thanks

yes.. 2bdrm still available as of today. you may wish to drop me a line @ 82818888 so i may share with you in detail.


Pet

[propertyinvestor]

Past by last sunday. Building already painted. Looks pretty nice.

Any ideas when will it TOP?

[alankc68]

hi folks,

just got myself a unit there and top in next month...

cant wait to see the view from mt roof-top pool

[propertyinvestor]

hi folks,

just got myself a unit there and top in next month...

cant wait to see the view from mt roof-top pool

Hi Neighbour,

you mean the TOP will be in Apr? Good, hope to see you soon.

[Petmail]

yes.. painted and TOP soon... expected april!

if i go for my clients open house i may just pop by you guys' place to ask for coffee...


Pet

[propertyinvestor]

yes.. painted and TOP soon... expected april!

if i go for my clients open house i may just pop by you guys' place to ask for coffee...


Pet

Yes. Welcome. Just to check whether do you aware how much can we fetch for renting out the units.

1+1 (studio) - My unit

and 2 bed room? - My friend's unit.

Thanks

[alankc68]

Yes. Welcome. Just to check whether do you aware how much can we fetch for renting out the units.

1+1 (studio) - My unit

and 2 bed room? - My friend's unit.

Thanks

yo just drove by today and it's already painted very soon will be ready.

u mind pm me how your fren paid for me 2br and whats the size??

[propertyinvestor]

yo just drove by today and it's already painted very soon will be ready.

u mind pm me how your fren paid for me 2br and whats the size??

Had just PM you. Last Sunday past by and hope to snap some photos. But unfortunately heavy rain at that moment. May pop by again this afternoon. Will try to snap some photos if weather permits.

[Petmail]

Yes. Welcome. Just to check whether do you aware how much can we fetch for renting out the units.

1+1 (studio) - My unit

and 2 bed room? - My friend's unit.

Thanks

am doing a market survey and revert the possible rental prices. i will be doing the rental and resale of celestia nearer to the TOP.


Pet