If that happens... I can't imagine what S'pore economy will be.Originally Posted by idiots will buy now
If that happens... I can't imagine what S'pore economy will be.Originally Posted by idiots will buy now
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.
Originally Posted by Vested
Haha, if that happens, it will be across the board collapse.... Singapore will be down down down, even HDB, currency, cash will be devalued????Originally Posted by God
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.Originally Posted by SmartIdiots
Ya, I also think, prices will not drop by 30%. Maybe, 5% -10% and then up again.Originally Posted by Sage111
agree. I believe property will hold steady... esp the mass to middle marketsOriginally Posted by Unregistered100
So, potential upside, is that what you are suggesting?Originally Posted by buyer88
I think the same. 30% too sharp, given the response read in newspapers, how to drop by 30% in the near term?Originally Posted by Sage111
When is the Dakota MRT station ready?
How's sales this weekend? Anyone knows?
2010 I believe.Originally Posted by MRT
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.Originally Posted by Unregistered3
Originally Posted by Unregistered3
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....
I thot 1050 to 1100 wld be fair valueOriginally Posted by MrDakota
Anyone knows? So, really 80% if launched units are fully sold? 20% are the unlaunched stacks? $1050 seem to be reasonable.Originally Posted by RJ1
At px of 1050 to 1100 might as well buy D15 FH, 5 min walk to Parkway, 10 min bus ride to suntec.Originally Posted by buyer88
OR
Buy another project also LH99 in CBD going to TOP soon.
Isn't this project going for lesser?Originally Posted by JR
going for around 1000 psf. High floors prob more than 1000 psf.Originally Posted by Lily
Any updates?Originally Posted by EastCoaster
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.Originally Posted by RJ1
I believe the developer is still holding on to stacks not facing the river...
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?
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.
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.
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.
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.
Originally Posted by Y Register
Wow, that is fantastic!Originally Posted by midtier
I thought developer normally keep the best facing units...Originally Posted by Unregistered3
Those 4 bedders.... easily 1.8m to 2m.... not so easy to sell lah...Originally Posted by Wow1
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?Originally Posted by Buyer88