Agree, location is more impt. But, having said that, the general feel from people is that they place more "value" on a FH property...no right or wrong.Originally Posted by friends
Agree, location is more impt. But, having said that, the general feel from people is that they place more "value" on a FH property...no right or wrong.Originally Posted by friends
Originally Posted by Unregistered3
Yes, I believe ppl who bought the Verve is more for investment ie rental to expats. Units are typically small. Studios sizes are ard 441sqf only for about $500K. Psf is about $900 to 1100 in today's prices.
Anyone can advise?Originally Posted by Unregistered3
At the end of the day, it is still many Singapore dream to ultimately stay in FH properties. Many pple go through this life cycle 99LH HDB ->LH condo ->FH condo/landed. Of course one may argue that rich people buy 99LH properties too, but mostly as investment. Most of the truly-rich's primary residence is FH property because the rich cannot spend all their money in their lifetime and will bother to save their estate for future generations. Having said that, I think many HDB upgraders will not bother with FH vs LH since they take a short term interest in their property - like what someone say earlier, if they plan to sell and upgrade shortly, who cares as long as someone willing to take the shorter end of the stick? Do always bear in mind that 99LH condos will usually have a high proportion of HDB upgraders, the neighbours would be more HDB-like, which can be both a boon and a bane. Also, there is a high probably that 99LH leases may not be extended - which has happened already in 3 cases. So the property value will start to decline when the lease term is near.
Originally Posted by Unregistered3
Did the developer increase price? Going to the showflat tomorrow.
The showroom was packed today. Some units above $1000 psf.
Wow, the fever is BACK!
pent-up demand over the last 8-9 months after the scrap of deferred payment scheme and some small consolidation of prices, more realistic prices. This project is in good location, near city and with mrt. Quiet surroundings, off main road. If I got the dough, I will buy too.
Somehow, NTUC projects sell well. 50,000 link points = ??
There are a lot of High Net Worth individuals currently waiting on the sideline waiting to buy. So, once there is a signal these people will rush in to snap up supposedly hot properties. I am sure there are also a lot of enbloc home owners who have not got a replacement home yet waiting for more attractive prices. All these HNW will help support the property market.
I was at the showroom.... somehow I do not think the project attract the younger HDB upgraders crowd but more the more established, older crowd ie those that already own private properties with say teen or grown up children?? also, the buyers seem to be buying for investment, just my observation.Originally Posted by Old Money
At 1000 psf.... obviously... it is out of reach of upgraders...
assuming a loan of $1m..... over 35 years.... you are looking at 4-5K installment a month
anyone there today? how's the sales?
So it's the older crowd buying for investment? Very garang for specuinvestors now to buy now for investment, esp when every indication out there is property prices will correct. At 1000psf, rental yield can't be too great right? Anyway, good news that volume is coming back in droves.Originally Posted by Martin
Oh they are merely window shoppers. Haven't had a chance to do that due to low number of launches. Kids bored at home so they go around. Dont read too much into it.Originally Posted by Investment
I just visited the show flat earlier, lots of people, reminds me of the last yr craze. But after studing the project, decided against buying as:
1) The supposedly nice Geylang River on site plan is actually a big dirty canal. Brownish water flowing thru when i was there in the afternoon. I fail to appreciate brownish canal view or landed property rooftop view.
2) All the stacks facing the school would have no end of Marikita in the morning as it is so near.
3) All the stacks facing sch will be hit by the west sun badly as they are unblocked.
4) The distance bet stack 1 & 5 and stack 16 & 20 is so close. It does matter cos bedrm 2 of Type B2 bedrm actually face each other for stack 1 & 5 and stack 16 & 20. It would be very hot as wind just can't come in and one have to bear wif the glare from the reflection of light of the wall of the opp. stack.
This is different from another D15 project i saw. Although 2 of the stacks appear quite close but they have no bedrm or window facing each other.
5) Stack 1 & 20 is the worst, Master bedrm staring into stack 8 or 13 masterrm balcony if lucky, else would be partially blocked by bedrm 3 of type C1. If the residents of stack 8 or 13 grow some tall plants in in the balcony to avoid pple staring into them as they sit in the balcony, Stack 1 & 20 Masterbedrm = no view at all.
6) Overall it would be a relatively congested project, as land area is approx only 125k sqft shared by 20 stacks.
7) LH99yrs
8) Another larger plot of land approx 193k sqft is already on the reserve site. Huge supply available.
In short, despite near Dakota MRT, it is a no go for me.
Gd luck to those who bought
Not vested.Originally Posted by JR
(1) Masterplan talks of beautifying the whole Geylang to Kallang Basin. Actually, very serene I find as it is.
(2) Even properties in Bukit Timah got schools, very difficult to escape?
(4) and (5) and (6) - then choose other units in the project lor. reflection from glare... such detailed analysis.
(7) if freehold, then would price higher mah.
(8) lower plot ratio hor. Better still, the whole stretch become private residential area.
Every project got good and bad, to me, proximity to city and MRT are the biggest plus points. Others, depending on individuals, close to hdb amenities and schools are must.
Whatever, the whole project now 80% sold.
http://www.myhometown.sg/Forum/tabid...ult.aspx#25607Originally Posted by SueEllen
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.....Originally Posted by JR
80% sold of the 300 plus units?Originally Posted by SueEllen
Yes, my agent told me too, today probably up to 90%. Yippee to those who have the FORESIGHT. previous army camp rumoured to be developed intoo a shopping mall like parkway parade.Originally Posted by Curious
Anyone has any idea if the developer has increased price since preview?
Originally Posted by JR1
You mean the site was an army camp.... going down later....
Aiyoh... what did I miss..!!!!
Previously, this site was old HDB blocks...where is the army camp?
Near dunman road.... not on the site, I think what the person mean is that that site will be developed into a mall and benefit properties in that area... but walking distance. People of the east would know the camp, no longer active but bare piece of land now. Yes, buying property is all about foresight.... there is where all the old monies are made.... buying in an area which is developed, you have to pay a premium. who does not know orchard road is better..?????Originally Posted by Unregistered3
I just called Far East, Dunman View still have units, TOP since 1994 (probably lease starts from 1991), asking for 1,000 psf and very funny, say Dakota mrt is near. Cannot be as near as Dakota Residence and I agree, the sports hub redevelopment makes the latter a better project and the price is OK, not cheap but not astronomically priced.Originally Posted by mr funny
Agent says, yes by about $30 - $50 psf. Anyway, the higher floors, better facing were going above $1000 at the preview. I think the developers hoping to sell everything on average above $1000 psf since their breakeven is already $900 psf. Anyone can verify what the agent told me?Originally Posted by Unregistered3
even by 30-50 psf.... still very much below citylights...also 99 LH..near lavender MRT..... which going 1200 psfOriginally Posted by Darius
I prefer Dakota Crescent to Lavender, tucked away behind Old Airport Road in a predominant residential area. Yes, price is reasonable as long as below $1000 psf.Originally Posted by buyer88
Prices will correct to early 2006 levels by 2010.
DC will be $600-700psf by then.