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Thread: Dakota Residences (D14, 99 year Leasehold, Ho Bee & NTUC Choice Homes)

  1. #121
    God Guest

    Default

    Quote Originally Posted by idiots will buy now
    Prices will correct to early 2006 levels by 2010.
    DC will be $600-700psf by then.
    If that happens... I can't imagine what S'pore economy will be.

  2. #122
    Unregistered900 Guest

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    I find it appalling that the govt is spending billions of dollars building artificial rivers. Anyway, doesn't mean govt pumping water everywhere will mean canal become v clean water. Haha.

    As for older people (40+, 50+) buying the place. They could still be HDB upgraders. The good thing about the 50 yrs old is that firstly they bot really cheap HDB flat which could be easily sold for $300k profit, secondly, they hv substantial CPF of at least $400k (2 persons) and still hv savings of few hundred k after working for 30 years.So the price is definitely affordable for these pple. These group also usually go for devt near MRT.

    Quote Originally Posted by Vested
    You prob did not know... the whole area will be revamped... the geylang river will be part of the multi billion dolloar fresh water barrage.....

  3. #123
    SmartIdiots Guest

    Default

    Quote Originally Posted by God
    If that happens... I can't imagine what S'pore economy will be.
    Haha, if that happens, it will be across the board collapse.... Singapore will be down down down, even HDB, currency, cash will be devalued????

  4. #124
    Sage111 Guest

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    Quote Originally Posted by SmartIdiots
    Haha, if that happens, it will be across the board collapse.... Singapore will be down down down, even HDB, currency, cash will be devalued????
    The reality is that prices go up and go down but my view is that Singapore is forming a new base ie prices will go down and properties like Dakota Residences will fall in bad times but not by 30%, maybe 10%-15% to SGD900 psf and if one hold long enough, it will go up again. I do not think it will fall by 40% as suggested by a forumer. Just like prices in the early 80s, 99 leasehold going for SGD200 psf and shot up rapidly, even in the recession years, it never went down to that level===> new base. However, if it moves to another new base, some say, when casino is up, it will again be out of reach. Different school of thoughts. I think if you like the location, buy, prepared to hold and in the longer term, will not lose money. Market may come off but will move back ie do not buy with a view to trade or speculate.

  5. #125
    Unregistered100 Guest

    Default

    Quote Originally Posted by Sage111
    The reality is that prices go up and go down but my view is that Singapore is forming a new base ie prices will go down and properties like Dakota Residences will fall in bad times but not by 30%, maybe 10%-15% to SGD900 psf and if one hold long enough, it will go up again. I do not think it will fall by 40% as suggested by a forumer. Just like prices in the early 80s, 99 leasehold going for SGD200 psf and shot up rapidly, even in the recession years, it never went down to that level===> new base. However, if it moves to another new base, some say, when casino is up, it will again be out of reach. Different school of thoughts. I think if you like the location, buy, prepared to hold and in the longer term, will not lose money. Market may come off but will move back ie do not buy with a view to trade or speculate.
    Ya, I also think, prices will not drop by 30%. Maybe, 5% -10% and then up again.

  6. #126
    Unregistered11 Guest

    Default

    Quote Originally Posted by Unregistered100
    Ya, I also think, prices will not drop by 30%. Maybe, 5% -10% and then up again.
    agree. I believe property will hold steady... esp the mass to middle markets

  7. #127
    MrDakota Guest

    Default

    Quote Originally Posted by buyer88
    even by 30-50 psf.... still very much below citylights...also 99 LH..near lavender MRT..... which going 1200 psf
    So, potential upside, is that what you are suggesting?

  8. #128
    1975 Guest

    Default

    Quote Originally Posted by Sage111
    The reality is that prices go up and go down but my view is that Singapore is forming a new base ie prices will go down and properties like Dakota Residences will fall in bad times but not by 30%, maybe 10%-15% to SGD900 psf and if one hold long enough, it will go up again. I do not think it will fall by 40% as suggested by a forumer. Just like prices in the early 80s, 99 leasehold going for SGD200 psf and shot up rapidly, even in the recession years, it never went down to that level===> new base. However, if it moves to another new base, some say, when casino is up, it will again be out of reach. Different school of thoughts. I think if you like the location, buy, prepared to hold and in the longer term, will not lose money. Market may come off but will move back ie do not buy with a view to trade or speculate.
    I think the same. 30% too sharp, given the response read in newspapers, how to drop by 30% in the near term?

  9. #129
    MRT Guest

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    When is the Dakota MRT station ready?

  10. #130
    EastCoaster Guest

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    How's sales this weekend? Anyone knows?

  11. #131
    Abcde Guest

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    Quote Originally Posted by MRT
    When is the Dakota MRT station ready?
    2010 I believe.

  12. #132
    Unregistered3 Guest

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    Developer hasn't launch all stacks yet....so the project can't be 80% sold

  13. #133
    RJ1 Guest

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    Quote Originally Posted by Unregistered3
    Developer hasn't launch all stacks yet....so the project can't be 80% sold
    Which stack not launched? Is it the best stack? Interested, going down to showflat tomorrow.

  14. #134
    Investor88 Guest

    Default

    Quote Originally Posted by Unregistered3
    Developer hasn't launch all stacks yet....so the project can't be 80% sold

    Yah... the developer has not launched all the stack... but basically all the released stacks... almost sold out except for 4 bedrooms

    Was there in the evening.... super big crowd..... like those property fever days....

    I believe prices will be up in the subsequent launches....

  15. #135
    buyer88 Guest

    Default

    Quote Originally Posted by MrDakota
    So, potential upside, is that what you are suggesting?
    I thot 1050 to 1100 wld be fair value

  16. #136
    Interested Guest

    Default

    Quote Originally Posted by RJ1
    Which stack not launched? Is it the best stack? Interested, going down to showflat tomorrow.
    Anyone knows? So, really 80% if launched units are fully sold? 20% are the unlaunched stacks? $1050 seem to be reasonable.

  17. #137
    JR Guest

    Default

    Quote Originally Posted by buyer88
    I thot 1050 to 1100 wld be fair value
    At px of 1050 to 1100 might as well buy D15 FH, 5 min walk to Parkway, 10 min bus ride to suntec.

    OR

    Buy another project also LH99 in CBD going to TOP soon.

  18. #138
    Lily Guest

    Default

    Quote Originally Posted by JR
    At px of 1050 to 1100 might as well buy D15 FH, 5 min walk to Parkway, 10 min bus ride to suntec.

    OR

    Buy another project also LH99 in CBD going to TOP soon.
    Isn't this project going for lesser?

  19. #139
    Buyer88 Guest

    Default

    Quote Originally Posted by Lily
    Isn't this project going for lesser?
    going for around 1000 psf. High floors prob more than 1000 psf.

  20. #140
    Lily Guest

    Default

    Quote Originally Posted by EastCoaster
    How's sales this weekend? Anyone knows?
    Any updates?

  21. #141
    Unregistered3 Guest

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    Quote Originally Posted by RJ1
    Which stack not launched? Is it the best stack? Interested, going down to showflat tomorrow.
    The 4 stacks of 3 BDR facing river are all launched. 2 of which are fully sold. For the 4 BDR (all face the river), sales is not that robust.

    I believe the developer is still holding on to stacks not facing the river...

  22. #142
    Unregistered(dc) Guest

    Talking EXPERT'S VIEW NEEDED!!!

    Dakota at high floors (18 storeys) are selling beyond $1000 psf. Has anyone look at Southbank @ Lavender. Is it a better buy compared to Dakota Residences in terms of view, proximity to MRT station, proximity to Kallang Bay Area & CBD, height of the development (Max 40 storeys), design of development (like Canary Wharf in London), address, etc? The $psf in June caveat sale was slightly over $1000. Any views?

  23. #143
    Vikrant Pandey Guest

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    Property by Vikrant Pandey

    Encouraging sales indicative of improving home buying sentiment
    Encouraging sales at recent project launches to boost June sales. We
    understand from City Development management that around 15 out of the 77
    units in the recent soft launch of the Shelford Suites project near the upcoming
    Botanic Gardens MRT have been sold at ASP around S$1500-1600 psf. Earlier,
    according to The Business Times, Sim Lian Group has sold around 100 units at
    its 99-year leasehold Clover By The Park condo last week out of the 308 units
    launched at an ASP of S$750 psf. Since the launch of Dakota Residences last
    Friday, Ho Bee has sold 95 units in the project at ASP of $976 psf. The sales of
    the 210 units in these three projects alone will boost the Jun sales numbers.


    Watch out for the upcoming launch of City Development’s Livia project.
    City Developments plans to launch 200 out of 724 units in the phase 1 of its Livia
    project at Pasir Ris Drive 1 this coming weekend. The units in the mass market
    project are expected to be priced at around S$650 psf. The pricing is attractive
    and expected to set a new benchmark of future launches in that area. The Livia
    project will be the first major project launch in recent months by a large cap
    developer in the mass-market segment. The sales in the project will serve as a
    barometer to test the home buying sentiment and to set the tone for the
    forthcoming launches for the other large cap developers.
    The encouraging sales this month is expected to maintain the sales momentum
    that gathered pace last month. A good sales performance next month as well
    could act as a catalyst to revive the overall home buying sentiment. We maintain
    our overweight call on the Singapore property developers. City Developments
    (Target: S$14.05) is our top pick among large-cap stocks and Ho Bee (Target:
    S$1.50) is our top pick among small/mid-cap stocks.

  24. #144
    Y Register Guest

    Default Singapore Improvement Trust flats

    Dakota Close, Dakota Crescent, Old Airport Road and Jalan Enam

    Then: The 17 intimate brick-clad blocks in the area were built by the Singapore Improvement Trust in 1958 and handed over to the HDB management in 1960. Some of the two- and three-room flats in the area come with breezy balconies. The cluster has an eye-catching variety of designs created out of low-cost materials, like crushed stones set in panels that line external walls.

    Now: Some of the flats are let out to lower-income residents, while others are under the care of managing agents. Resident and odd-job worker Choo Yew Seng, 46, has lived there all his life. He says: 'The rooms are bigger than what you can find in new flats, and the environment here is very nice. I hope they can conserve them.'

    Future: The HDB says it has no plans to redevelop the blocks, so it is safe for the immediate future.

  25. #145
    midtier Guest

    Default

    Ho Bee (BUY; S$0.92; Bloomberg HOBEESP)
    Ho Bee Dangles Dakota
    By: Singapore Research Team

    Story: In today's BT supplement on the Master Plan 2008, Ho Bee took out an
    advert that markets its 348-unit Dakota Residences for the first time. Ho
    Bee is capitalising on the plans for Kallang Riverside (the advert appears
    on the same page as the article discussing plans for Kallang Riverside) as
    well as Paya Lebar Central that were unveiled as part of the Master Plan
    2008.

    Point: Kallang Riverside will be transformed into a new lifestyle district
    comprising waterfront housing, hotels as well as a mix of office, retail
    and entertainment uses. Paya Lebar will become a fringe centre with largely
    commercial uses - office, retail and hotel. Dakota Residences is located
    close to both Kallang Riverside as well as Paya Lebar Central, and will be
    just next to the upcoming Dakota MRT station (part of the Circle Line). It
    is also around 5 minutes' drive from the CBD. Within its landbank, this is
    Ho Bee's only mid-tier property and its location has just been made more
    attractive with the unveiling of the Kallang Riverside and Paya Lebar
    plans.

    Relevance: We understand from management that a private preview launch is on the cards and could take place around end-June. The remainder of the project will be launched in phases. Good sales for this project will be a catalyst for Ho Bee. We continue to like Ho Bee (BUY, TP S$1.24) as a valuation play, as it is currently trading below its NBV/share of around S$1.13.

  26. #146
    Low income Guest

    Default

    So this is a low-income HDB rental area for the long term? Complicated or not? But Dakota Crescent definitely is a HDB address, and unfortunately we're not allowed to include the condo name in the IC.

    Quote Originally Posted by Y Register
    Dakota Close, Dakota Crescent, Old Airport Road and Jalan Enam

    Then: The 17 intimate brick-clad blocks in the area were built by the Singapore Improvement Trust in 1958 and handed over to the HDB management in 1960. Some of the two- and three-room flats in the area come with breezy balconies. The cluster has an eye-catching variety of designs created out of low-cost materials, like crushed stones set in panels that line external walls.

    Now: Some of the flats are let out to lower-income residents, while others are under the care of managing agents. Resident and odd-job worker Choo Yew Seng, 46, has lived there all his life. He says: 'The rooms are bigger than what you can find in new flats, and the environment here is very nice. I hope they can conserve them.'

    Future: The HDB says it has no plans to redevelop the blocks, so it is safe for the immediate future.

  27. #147
    Wow Guest

    Default

    Quote Originally Posted by midtier
    Ho Bee (BUY; S$0.92; Bloomberg HOBEESP)
    Ho Bee Dangles Dakota
    By: Singapore Research Team

    Story: In today's BT supplement on the Master Plan 2008, Ho Bee took out an
    advert that markets its 348-unit Dakota Residences for the first time. Ho
    Bee is capitalising on the plans for Kallang Riverside (the advert appears
    on the same page as the article discussing plans for Kallang Riverside) as
    well as Paya Lebar Central that were unveiled as part of the Master Plan
    2008.

    Point: Kallang Riverside will be transformed into a new lifestyle district
    comprising waterfront housing, hotels as well as a mix of office, retail
    and entertainment uses. Paya Lebar will become a fringe centre with largely
    commercial uses - office, retail and hotel. Dakota Residences is located
    close to both Kallang Riverside as well as Paya Lebar Central, and will be
    just next to the upcoming Dakota MRT station (part of the Circle Line). It
    is also around 5 minutes' drive from the CBD. Within its landbank, this is
    Ho Bee's only mid-tier property and its location has just been made more
    attractive with the unveiling of the Kallang Riverside and Paya Lebar
    plans.

    Relevance: We understand from management that a private preview launch is on the cards and could take place around end-June. The remainder of the project will be launched in phases. Good sales for this project will be a catalyst for Ho Bee. We continue to like Ho Bee (BUY, TP S$1.24) as a valuation play, as it is currently trading below its NBV/share of around S$1.13.
    Wow, that is fantastic!

  28. #148
    Wow1 Guest

    Default

    Quote Originally Posted by Unregistered3
    The 4 stacks of 3 BDR facing river are all launched. 2 of which are fully sold. For the 4 BDR (all face the river), sales is not that robust.

    I believe the developer is still holding on to stacks not facing the river...
    I thought developer normally keep the best facing units...

  29. #149
    Buyer88 Guest

    Default

    Quote Originally Posted by Wow1
    I thought developer normally keep the best facing units...
    Those 4 bedders.... easily 1.8m to 2m.... not so easy to sell lah...

    I am surprised by the strong take up of the 3 bedder.... indicating there is good demand....

  30. #150
    Darius Guest

    Default

    Quote Originally Posted by Buyer88
    Those 4 bedders.... easily 1.8m to 2m.... not so easy to sell lah...

    I am surprised by the strong take up of the 3 bedder.... indicating there is good demand....
    I have a good feel of this project and potential for price appreciation is there..... good location. Ok pricing. So, how many units sold todate?

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