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

  1. #241
    Buyer88 Guest

    Default

    Quote Originally Posted by Jessie
    Depending on whether you are a speculator or a investor, whether own stay or investment. Over a longer term, properties in Singapore will be OK, there may be short term correction (even 1-2 years) but in the long run, properties always come back stronger than before.
    Agree.

    Look at today ST.... the property market, on the contrary is heating up. Property is a good bet against inflation...

  2. #242
    Darius Guest

    Default

    Quote Originally Posted by Buyer88
    Agree.

    Look at today ST.... the property market, on the contrary is heating up. Property is a good bet against inflation...
    The reality is that Singapore will change with the govt"s plans to push up population base, there is that much space in Singapore and properties in the city fringe, city living will be more of a norm espeacially for the expatriates and foreigners. There will be support in the longer term, do not think the property market will crash.

  3. #243
    Shopper Guest

    Default

    Are all the stacks open for sale? if sold 150 over a fortnight, they have to open the remaining stacks this weekend? Anyone knows? If Kovan and Waterfront Waves priced more than $850 psf, $100 more psf for this project seems reasonable.

  4. #244
    PoorMan Guest

    Default

    Quote Originally Posted by Buyer88
    Agree.

    Look at today ST.... the property market, on the contrary is heating up. Property is a good bet against inflation...
    Are stocks and properties an inflation hedge?


    THE Manpower Ministry’s labour market report for the first quarter reveals that employees in manufacturing, transport and administrative jobs saw their real wages shrink, compared with the same period last year. Their pay increases did not quite match the 6.6 per cent inflation rate. On average, real earnings grew 3.6 per cent compared to the same three-month period last year. However, with annual inflation forecast at 6 per cent this year, a labour economist says it is a matter of time before real earnings dip for workers in other sectors.

    This, of course, is not good news for working adults who, in addition to having to meet their current financial obligations, also have to save and plan for their children’s education as well as their own retirement. With neither pay rises nor bank deposit rates adequate to cover inflation, and with the financial and property markets still fraught with uncertainties, there would appear to be few safe investment options.

    In normal circumstances, most people would want to maximise returns. However, in the current climate, many may want to change their risk preferences. Instead of maximising returns, the preferred objective may be to minimise risk.

    Even so, it is worth remembering that over the long term, equities and properties are the best hedge against inflation. Between 1975 and 2007, the Consumer Price Index (CPI) in Singapore rose 187 per cent. The Straits Times Index (as calculated by Thomson Financial Datastream) climbed 1,159 per cent, while the Urban Redevelopment Authority’s property price index increased 1,334 per cent. Over the same 32-year period, Singapore’s gross domestic product expanded 914 per cent.

    However, the key phrase to note here is ‘over the long term’.

    Of course, in the case of equities and properties, which are prone to big swings in prices, the returns one gets will depend a lot on one’s entry level. Investors entering at the wrong point in the cycle would be in for a rough ride. Out of the 28 rolling five-year holding periods in the last 32 years, the STI’s returns lagged the CPI in eight of those periods. Property prices rose less than general prices in 10 periods. But if the holding period is increased to 10 years, stocks failed to keep up with inflation in only three out of the 23 rolling ten-year periods between 1975 and 2007. For property, it was four. But for holding periods of 15 years and above, both properties and equities comfortably beat inflation for all the holding periods. Moreover, returns on properties exceeded those on equities.

    So for any investor who takes the long view - that is, 15 years or more - current market conditions should not be a deterrent to meeting long-term financial goals.

    Source : Business Times - 18 Jun 2008

  5. #245
    RJ Guest

    Default

    Quote Originally Posted by Shopper
    Are all the stacks open for sale? if sold 150 over a fortnight, they have to open the remaining stacks this weekend? Anyone knows? If Kovan and Waterfront Waves priced more than $850 psf, $100 more psf for this project seems reasonable.
    Apparently, no new stacks this weekend. Strange. Why hold back??

  6. #246
    st micheal Guest

    Default

    Because hahaha, new launch at St michael Rd from 600psf, 999yr leasehold. Dakoda buyers are fxxking screwed now!!!!!!!!!!!

  7. #247
    PM Guest

    Default

    Quote Originally Posted by Shopper
    Are all the stacks open for sale? if sold 150 over a fortnight, they have to open the remaining stacks this weekend? Anyone knows? If Kovan and Waterfront Waves priced more than $850 psf, $100 more psf for this project seems reasonable.
    For the location and MRT access, pricing looks decent. Next phase likely to move up by $30-$50 psf.

  8. #248
    Kovan Guest

    Default

    Quote Originally Posted by st micheal
    Because hahaha, new launch at St michael Rd from 600psf, 999yr leasehold. Dakoda buyers are fxxking screwed now!!!!!!!!!!!
    Haha.... look at the other thread, new launch at Kovan this weekend, 500+ units, 99-year, minimum $900psf, makes Dakota Residences a steal!

  9. #249
    RJ Guest

    Default

    Quote Originally Posted by Kovan
    Haha.... look at the other thread, new launch at Kovan this weekend, 500+ units, 99-year, minimum $900psf, makes Dakota Residences a steal!
    That is what I mean.

  10. #250
    Oldman Guest

    Default

    Quote Originally Posted by RJ
    That is what I mean.
    尺价千元以下新楼盘热卖

    (2008-07-01)

    早报导读

    突破两岸六十年隔阂 陆台首发团顺利对开
    [陆客兴奋抵达 台业者盛大接机] [直航起飞了 台股没有起]
    [直航不直飞是最大遗憾] [两岸包机直航创历史]
    中国:达赖私人代表:与北京最近一次谈判最困难
    国际:世行:生物燃料才是粮价暴涨罪魁祸首
    观点:奥运前如何研判美欧共性与差异?
    文萃:南航董事长:两岸如能真正直航票价可降三成
    ● 吴慧敏
      上个周末的楼市迎来了久违的旺热,几个尺价订在1000元以下的新楼盘都不约而同地传出捷报。

    单单是这几个楼盘在过去一个星期卖出的私宅单位总数,已超过270个。这将让今年6月有望成为自去年8月以来楼市最“热卖”的一个月。

      据消息透露,截至昨天傍晚,Kovan Residences已经卖出了大约100个单位。这个位于高文地铁站旁边的99年地契共管公寓,在上个周末举行了一个私人预览活动,只开放给发展商的商业伙伴和亲友订购,每平方英尺售价约900元。

      至于一个星期前预售的碧山共管公寓——Clover by the Park,也在过去一个星期再接再励,卖出另外95个单位。发展商森联集团发言人昨天告诉本报,目前这个以每平方英尺平均750元推出的项目,已总共卖出195个单位。

      森联在上个星期推出的The Amery,也在过去一个星期卖多11个单位,把售出单位提高到27个,即将近七成的销售率。这个位于直落古楼(Telok Kurau)的小型公寓只有39个单位,每平方英尺推出价格平均为860元。

      至于和美投资与职总安居在一个星期前预售的达高轩(Dakota Residences),也在过去一个星期卖出60多个单位,把售出单位提高到140个。这个位于旧机场路附近的共管公寓,每平方英尺平均售价约970元。

      莱坊研究部主管麦俊荣指出,这几个卖得不错的项目都属于中档至大众化档次。“这显示,每平方英尺平均价格订在1000元以下,而且大多数单位的售价不超过150万元的项目,还是有一定的购买力量在支持。”

      “这相信是因为去年和前年楼市高峰时,发展商推出的大多都是高档项目,可供选择的大众化项目不多,所以市场积累了一些需求量。”

  11. #251
    Expat Guest

    Default

    Quote Originally Posted by Oldman
    尺价千元以下新楼盘热卖

    (2008-07-01)

    早报导读

    突破两岸六十年隔阂 陆台首发团顺利对开
    [陆客兴奋抵达 台业者盛大接机] [直航起飞了 台股没有起]
    [直航不直飞是最大遗憾] [两岸包机直航创历史]
    中国:达赖私人代表:与北京最近一次谈判最困难
    国际:世行:生物燃料才是粮价暴涨罪魁祸首
    观点:奥运前如何研判美欧共性与差异?
    文萃:南航董事长:两岸如能真正直航票价可降三成
    ● 吴慧敏
      上个周末的楼市迎来了久违的旺热,几个尺价订在1000元以下的新楼盘都不约而同地传出捷报。

    单单是这几个楼盘在过去一个星期卖出的私宅单位总数,已超过270个。这将让今年6月有望成为自去年8月以来楼市最“热卖”的一个月。

      据消息透露,截至昨天傍晚,Kovan Residences已经卖出了大约100个单位。这个位于高文地铁站旁边的99年地契共管公寓,在上个周末举行了一个私人预览活动,只开放给发展商的商业伙伴和亲友订购,每平方英尺售价约900元。

      至于一个星期前预售的碧山共管公寓——Clover by the Park,也在过去一个星期再接再励,卖出另外95个单位。发展商森联集团发言人昨天告诉本报,目前这个以每平方英尺平均750元推出的项目,已总共卖出195个单位。

      森联在上个星期推出的The Amery,也在过去一个星期卖多11个单位,把售出单位提高到27个,即将近七成的销售率。这个位于直落古楼(Telok Kurau)的小型公寓只有39个单位,每平方英尺推出价格平均为860元。

      至于和美投资与职总安居在一个星期前预售的达高轩(Dakota Residences),也在过去一个星期卖出60多个单位,把售出单位提高到140个。这个位于旧机场路附近的共管公寓,每平方英尺平均售价约970元。

      莱坊研究部主管麦俊荣指出,这几个卖得不错的项目都属于中档至大众化档次。“这显示,每平方英尺平均价格订在1000元以下,而且大多数单位的售价不超过150万元的项目,还是有一定的购买力量在支持。”

      “这相信是因为去年和前年楼市高峰时,发展商推出的大多都是高档项目,可供选择的大众化项目不多,所以市场积累了一些需求量。”
    Translation?

  12. #252
    Buyer88 Guest

    Default

    Quote Originally Posted by Expat
    Translation?
    Essentially, the news say... prices of condo attractive... strong take up. Current wave of buying... started by Dakota

  13. #253
    Unregistered08 Guest

    Default Tony

    Quote Originally Posted by PM
    For the location and MRT access, pricing looks decent. Next phase likely to move up by $30-$50 psf.
    Anyone knows when the new units will be released?

  14. #254
    Stupid people killer Guest

    Wink

    I think folks who pay thru the nose for a 99yr property are just plain stupid. What else is there to say?

  15. #255
    Stupid people killer Guest

    Thumbs down

    Cons: 99 leasehold project, no tennis court, near many HDB flats, D14 location, too large balconies = wasted space, near smelly river = bad feng shui, pay thru the nose pricing of $1000psf

    Pros: Near MRT, in good company with many other stupid people who do not know about fair pricing.

    It's a total no brainer for me.

    Quote Originally Posted by MND
    URA already gave a statement few days ago that Singapore will not have over supply in residential ppty. That's why govt always prepare a reserve list, even during this slowing period, to anticipate an explosive demand once the market sentiment turn around with thousand of pent-up demand (kiasu buyer) on the sideline like you.

    The market situation right now is very clear. The demand side is massive but still clouded with negative sentiment, while the supply side is actually the real concern for the govt, because they know that with the skyhigh construction cost it might derail the developer ability to complete the project as scheduled. In fact, many developers hv delayed their launching due to thin margin. So, for them the business risk now is very high to the extent that might force them out from business altogether. Once that happen, a serious severe property crunch will be inevitably. Ask yourself now with this fact and detail, where will our ppty market heading in time to come?

  16. #256
    Stupid people killer Guest

    Default

    Hello... no tennis court either. For such a big project and no tennis court? The developers are simply laughing at these silly buyers all the way down to their toes. Bwahahahaha.

    Quote Originally Posted by why r sinkies suckers?
    FEEL????

    You gotta be kidding.

    How does it FEEL to pay almost $1000 psf to live among HDB flats and a big smelly hawker centre? With char kway teow fumes coming in every day?

    How does it FEEL to pay almost $1000 psf to live in a 99yr condo that is not even in a prime district???

    Whatever feel there is living here in Dakota Crescent, I can tell you that all the HDB dwellers living around you will be pointing their fingers laughing at your car whenever you drive thorugh the gates of your Dakota Residence "See? Look at that SUCKER!" HAHAHAHHAA

  17. #257
    Stupid people killer Guest

    Thumbs down

    Quote Originally Posted by registeredforwhat
    I can many sour grades around here
    Not sour... but practical and shrewd. You can pay HDB prices of less than half the price of Dakota Residences and still be in the exact same location. What is the difference? Just the facilities. You want to pay $500k more just for using the facilities? Don't forget you still have to pay maintenance fees every single month for the use of the facilities when it TOPs too. Who wants to pay skyhigh prices comparable to good location 99LH districts for a building with the same District number as Geylang and has no tennis court some more? Tsk. Tsk.

    The only folks gunning for Dakota Residences are the property agents here. They only sell to you the property. They collect their commissions and FO from there. The buyers suffer instead. Bwahahahaha.

  18. #258
    Stupid people killer Guest

    Wink

    Quote Originally Posted by dakoda sucks.
    100% many units will be thrown back to developer mark my words... After they realised that they bought shit in the midst of low class hdb area with geylang the nearest entertainment spot.
    Please donch insult the ah peks and china mei mei ok? They do not anyhow throw their money away. Anyway, spend $100 or $200 on china mei mei is better than spending $1,000,000 on a geylang vicinity private condo with no tennis court and small lap pool hor.

  19. #259
    ILoveDakota Guest

    Default

    Came across this old article:

    Published June 13, 2007

    Ho Bee/Choice Homes top bidder for site

    Joint venture offers $524 psf ppr, a level not seen for such plot since '97

    By KALPANA RASHIWALA


    REFLECTING developers' confidence in the mid-tier residential sector, a joint venture between Ho Bee and NTUC Choice Homes yesterday cast the top bid of $524 psf per plot ratio for a 99-year leasehold condo plot at Dakota Crescent in the Mountbatten Road/Old Airport Road area fronting Geylang River.

    The state tender attracted 15 bids, most of them at above $400 per square foot per plot ratio.

    Market watchers recalled that the last time 99-year condo sites outside the prime districts and Sentosa Cove fetched such high price levels was in 1997. In that year, the plots that were subsequently developed into the Rafflesia condo in Bishan and Costa del Sol in the Bayshore area were sold at $403 psf per plot ratio and $457 psf ppr respectively, according to CB Richard Ellis data.

    Ho Bee Investment executive director Ong Chong Hua estimates the break-even cost for a new condo on the Dakota Crescent site will be about $850 psf and that it could sell for about $1,000 to $1,100 psf on average. 'There's currently a shortage of such condos in this sort of price range,' he observed.

    'The project will be pitched as a mid-market condo located in the city-fringe, Mountbatten/East Coast area. If you cannot afford the Sentosa Cove lifestyle, this is a very good alternative,' Mr Ong said.

    Going by current market prices, Ho Bee/NTUC Choice Homes should not find it challenging to achieve their target selling prices. Wing Tai is said to have achieved an average price of $1,500-1,600 psf for its freehold condo near Kallang Riverside which it began selling in April and which is now fully sold.

    Ho Bee's and NTUC Choice Homes' proposed condo at Dakota Crescent will be 18 to 20 storeys high and have about 370 apartments comprising two, three and four-bedders. The project is slated for launch by mid-2008.

    'This is not a traditional upgrader's market if you look at the site's attributes - it fronts the Geylang River, is across the low-rise Goodman Road area and just about 100 metres from the Dakota MRT Station which will be linked by the Circle Line to Suntec City,' Mr Ong said.

    'The site is also near the future Sports Hub and is easily connected to Nicholl Highway, PIE and ECP.'

    The top bid by Ho Bee/NTUC Choice Homes of $228.89 million or $524 psf ppr was just 3 per cent higher than the second highest offer of $508 psf ppr, which came from IOI Land unit Multi Wealth (Singapore). GuocoLand was in third position, with $475 psf ppr.

    CapitaLand teamed up with US-based Wachovia Development Corporation to cast a $466 psf ppr bid. Other contenders included Frasers Centrepoint ($451 psf ppr), Allgreen Properties & Hoe Seng Company ($430 psf ppr), City Developments, Sim Lian Land and Keppel Land. Wing Tai placed a joint bid with United Engineers unit Greatearth Developments.

  20. #260
    ILoveDakota Guest

    Default

    Quote Originally Posted by ILoveDakota
    Wing Tai is said to have achieved an average price of $1,500-1,600 psf for its freehold condo near Kallang Riverside which it began selling in April and which is now fully sold.
    Which condo is this? I see much POTENTIAL in Dakota Residences..... which I guess slip by most people

  21. #261
    Lily Guest

    Default

    Quote Originally Posted by ILoveDakota
    Which condo is this? I see much POTENTIAL in Dakota Residences..... which I guess slip by most people
    The Riverine By The Park at Kallang. Freehold but almost double Dakota Residences' prices.

  22. #262
    Lily Guest

    Default

    Quote Originally Posted by Lily
    The Riverine By The Park at Kallang. Freehold but almost double Dakota Residences' prices.
    Last transacted price in Mar 08: $1600 psf. Mmmm,,,, Dakota Residences price is not stretched especially as one earlier posting said, condos along Dunman Road is going above $850 psf, leasehold. This project has its pluses, negatives is that it has no tennis court. I believe The Riverine By The Park has no tennis court too. That is a minor negative, at least to me!

  23. #263
    Darius Guest

    Default

    Quote Originally Posted by Lily
    Last transacted price in Mar 08: $1600 psf. Mmmm,,,, Dakota Residences price is not stretched especially as one earlier posting said, condos along Dunman Road is going above $850 psf, leasehold. This project has its pluses, negatives is that it has no tennis court. I believe The Riverine By The Park has no tennis court too. That is a minor negative, at least to me!
    You are very convincing.... but I agree. 5 minutes drive home from work in Suntec, that is my BIGGEST attraction.

  24. #264
    Darius Guest

    Default

    Not related to roperty - in 2 weeks, this thread chalked up more than 6000 views.

  25. #265
    Tony Guest

    Default

    Quote Originally Posted by Unregistered08
    Anyone knows when the new units will be released?
    Released already?

  26. #266
    Hunter1 Guest

    Default

    Quote Originally Posted by Tony
    Released already?
    The showflat was packed!

  27. #267
    Buyer88 Guest

    Default

    Quote Originally Posted by Hunter1
    The showflat was packed!
    yes..yes.. but what is the sales like.

    went to Livia... packed ... traffic jam

  28. #268
    New launch craze Guest

    Default

    Waterfront waves when newly launches also packed and was the star rite? Now prices drop to $690psf already. - those who bot during launch sure curse and swear. There're lots of 99 years condo launching soon as developers cannot wait already. If you're looking for 99 years mass market, I think quite spoilt for choice.

    Quote Originally Posted by Buyer88
    yes..yes.. but what is the sales like.

    went to Livia... packed ... traffic jam

  29. #269
    Buyer88 Guest

    Default

    Quote Originally Posted by New launch craze
    Waterfront waves when newly launches also packed and was the star rite? Now prices drop to $690psf already. - those who bot during launch sure curse and swear. There're lots of 99 years condo launching soon as developers cannot wait already. If you're looking for 99 years mass market, I think quite spoilt for choice.
    Waterfront waves is simply priced too high...

    But if you're staying for medium term... should be fine. Afterall, you get the best units during initial launch.

  30. #270
    Curious Guest

    Default

    Quote Originally Posted by Tony
    Released already?
    Are all the stacks launched?

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