> 75% sold
=
> 390 out of 520 units sold.
‼ IMPORTANT‼
ERA will be conducting a sale of the Returned Units
Tomorrow: 6th May’18
Venue: Showflat Tentage
❎No swapping of units for existing purchasers
❎No condition of sales. Only straight forward cases.
❎ no reissue cases
Mode of sales: Balloting
(Buyers preferably to be present)
Programme:
11:30am: Drop Ballot tickets & Briefing for Agts & Buyers
12pm: Price will be released
12:15pm: Commence booking
Units available.
#31-10
#33-10
#02-13
#28-11
#18-13
#12-05
#02-12
#15-12
#35-14
#34-15
#32-14
#35-07
#17-06
#24-01
#30-08
#29-11
*Be prepared for revised new higher pricing
1 day already overtake the total units sold since launch for both the tapestry and parc botannia so far even in absolute numbers.
next week amber 45 goes on sale then, le quest phase 2 the following week, then margaret ville another 2 weeks later i think.
Twin VEW announcement
Show flat will be closed from Mon to Fri
Re-open for sales next Sat (12th May) with new higher pricing so push for closing today.
Last 2 PH:-
PH1 $2,858,000
PH2 $3,098,000
All cheapest units:-
#29-06 $1,830,000
#29-02 $2,113,000
#25-05 $1,562,000
#14-09 $1,583,000
All above price only valid as at today.
Final Returned units
PN stocks
#29-01 $1,371,000 PDI drawn
#33-01 $1,402,000
#23-05 $1,548,000
ERA stocks
#31-10 $1,451,000
#33-10 $1,461,000
#18-02 $2,007,000
#34-15 $1,575,000 PDI drawn
KF stocks
#05-15 $1,408,000 PDI drawn
#27-10 $1,431,000 PDI drawn
#22-09 $1,651,000
#11-03 $1,791,000
#32-02 $2,143,000
Per ST,
Buyers snapped up 442 of the condominium's 520 apartments - including four of its six penthouses - for a take-up rate of 85 per cent.
They coughed up an average sales price of $1,399 per sq ft (psf) for the 99-year leasehold development, which is expected to be ready by the fourth quarter of 2021.
https://www.straitstimes.com/busines...vew-apartments
actually with the CDL plot, why does this developer seem to be in a hurry to sell out?
Make hay while the sun shine?
And it probably also reflects the business model of a foreign developer (maybe the Chinese developers) is different than that of the local developer or Malaysia developers who are more familiar with Singapore markets and is willing to take a longer term view of the business.
In a way, it's the same with us individual investor isn't it? when I first started investing on UK and Oz, I adopted a `hit and run' strategy. Over time, with greater familiarity, I became more confident and I'm willing to take a longer term view of my foreign investments and even sometimes willing to reject a lower price and wait for a better offer before selling it.
1399psf average is more or less maxed out for now for this project. CDL launch may be some time away. if market is bad then (although unlikely), CDL may sell at 14xxpsf and it may be difficult/uncertain for Twin Vew to sell. So better to sell as many as possible now before CDL launch. the developer, as with many of us, probably didn't expect a 1399psf average to be able to sell 85% mostly on the first day itself. as the lowest priced land cost projects start selling out at 13xxpsf, the base then becomes 14xxpsf. not sure which project is selling at this level except the sixteen35 at geylang. seems like many are targeting > 1500psf.
The cdl plot is fronting aye. On par with parc riviera. Twin vew slightly more superior. South facing units get school view and reservoir view.
CDL always pay more for land and sell higher, at the expense of the buyers. It happened in 2006 as well. In that year, CDL bought the plot of land for Botannia at a much higher price psf than what Sim Lian paid for the plot for Carabelle. Botannia was launched at an average price psf $100 higher than that for Carabelle. Specifically, Botannia was launched at $700 psft on average and Carabelle at less than $600 psf. But over the long run, buyers of Carabelle have proven to be the lucky ones, as the two projects now have basically the same market value per square foot, both at $1300.
Really a lot of kumgong sinkies
I see already, can't help but LOL
Ok, so the nearest mrt station will be pandan reservoir station just across the river.
Where can I find the CCL station location?
https://www.lta.gov.sg/content/ltawe...gion-line.html
Click on the related links to download the pdf file of all the station alignment.
Pandan reservoir station is beside commonwealth secondary school.