hahaha, new launch at St michael Rd from 600psf, 999yr leasehold. Dakoda buyers are fxxking screwed now!!!!!!!!!!!
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!Originally Posted by st michael
you must be kidding right... someting must be wrong with this project then...
Honestly, with the current world economic scene, the above developer really thinks the market is desperate for property???
I think anyone who pays such price has little common sense imo.
2 idiots talking cock here!
Wake up! This thread is not for St Michael nor Dakota.
Any complaints please PM me
http://www.businesstimes.com.sg/sub/...87712,00.html?
Published July 15, 2008
Condo sales at showflats tapering off
One developer blames Livia's pricing for 'spoiling' other projects' sales
By KALPANA RASHIWALA
WHILE City Developments managed to sell 96 units last week at its Livia condo at Pasir Ris, developers of most other projects suffered rapidly declining sales at their showflats.
Woodsville 28: When Frasers Centrepoint previews its project this weekend, the stakes for nearby Kovan Residences are expected to go up
At least one developer blamed Livia's attractive pricing - $650 psf on average - for 'spoiling' sales of other projects, while others said a tapering off was to be expected given negative news flows from overseas on the state of the financial and stock markets.
Developers and property agents generally reported still strong turnouts at showflats last weekend, although take-up slowed.
Sim Lian sold 19 units last week at its Clover By The Park condo in Bishan, less than the 59-unit sales it achieved in the preceding week. To date, Sim Lian has sold 273 of the total 616 units in the project. 'That's almost 45 per cent of a large project in just three weeks; that's quite an achievement given current market sentiment,' Sim Lian Group executive director Diana Kuik said when approached by BT.
The 99-year leasehold project's average price remains at $750 psf.
Sim Lian also sold a unit at The Amery, a freehold project in the Telok Kurau area, last week - again a less sparkling performance than the four units it sold a week earlier.
Next to Geylang River, NTUC Choice Homes and Ho Bee found buyers for another nine units at Dakota Residences last weekend. This brings total sales to 170 units in the 99-year project, which has an average price of about $980 psf.
Over in the Kovan MRT Station vicinity, the developer of Kovan Residences sold about 20 units last week, bringing total sales to over 100 units since the 99-year project was previewed at a private party on June 28. The average price is somewhere in the $870-900 psf range. Nearby, MCL Land sold another three units at its D-Pavilion, a freehold project priced at $900 psf on average last week. This was a slower sales rate than initial sales of 10 units the preceding weekend.
The stakes will go up for these two developers when Frasers Centrepoint previews this weekend its Woodsville 28 near Potong Pasir MRT Station - which is three MRT stops closer to town than Kovan MRT Station.
The 110-unit condo will have an average price of $880 psf. The 99-year leasehold development comprises two 17-storey blocks.
'The two- and three-bedder units, with respective average sizes of 883 sq ft and 1,195 sq ft, are about 5 to 6 per cent smaller than conventional units as we've adjusted our sizes to fit the profile of the market we're targeting - those just starting their families or young couples who want to stay near the city and even retirees.
'Two-bedroom apartments start at $700,000 and three-bedders from just over $1 million,' says Frasers Centrepoint Homes chief operating officer Cheang Kok Kheong.
CDL's spokeswoman said Livia saw strong take-up of various unit types last week, especially two- and three-bedders. 'The four-bedroom apartments were purchased either for owner occupation or rental potential in view of United World College's East Campus coming up in the vicinity.
'The project's average price remains $650 psf, with prices for certain unit types and facing being upped by 1-3 per cent for the latest release of 120 units last weekend,' she added.
The 96 units sold at Livia last week contrasted with sales of 160 units in the preceding week when CDL previewed the 99-year leasehold project, resulting in total sales of 256 units. So far, 320 of the condo's total 724 units have been released.
A veteran property consultant said: 'Crowds were generally still very good at showflats last weekend, though take-up has slowed. In any development, demand for 30-40 per cent of units comes from the surrounding population catchment. Usually that's the case, good or bad times.
'Once sales in a project launch hits a certain percentage from this catchment demand, developers have to attract people from other parts of Singapore. That's a tougher job, with a lot more convincing to be done compared with selling to people who already know the area.'
Another problem is that buyers are unsure of the property market's direction. 'Even when there are attractively priced projects, potential buyers worry if property prices will go down further. They also ask themselves whether they really need to upgrade; they worry about the economy and their jobs. The bad news coming out from financial institutions in the US is a big concern,' a property agent said.
On a more positive note, Sim Lian's Ms Kuik said: 'If you have a good product in a location where there's a pool of buyers and if your pricing is reasonable, there will be take-up.'
what is the going price NOW ?
any guys could share ?
Newbie
i also want to know what price the agents are offering now.
from the newspapers report on the sales figures, seems it is about 40% sold, wonder if the developer will drop the price further?
Newbie
wats the psf now?
3-room unit is ard 860-900psf.
Newbie
thats attractive price
In a year's time you might think otherwise.
Yes, agreed.
You may think it is a dirt-cheap steal.
haha...u might just be right...and hopefully this feeling won't go away after another year from then.
any kind soul here have the floor plan to share?
quite pricey IMO. given that its facing away from the main road, which may be a plus point + the layout and finishing are very good, this looks to be quite a good buy if the prices fall a further 10-15%. unfortunately, most of the choice units have been taken up (8 will have some aftnoon sun, 6 and 13 taken up).
Sim Lian projects seems to have high ceiling as Signature. Can anyone share the floor plans? Went past the area and saw this project while going to drink Old Town White Coffee.
yes, ceiling around 3.15m makes it look spacious!
more airy with high ceiling
Newbie
Now is S$815psf
IMO is going to drop further after year 2008
Too bad!
Too far from RWS.
Otherwise, they can stay here.
Resorts World at Sentosa starts hiring for Universal Studios
May Wong
Channel NewsAsia
Singapore
Monday, 10 November 2008, 2201 hrs
Universal Studios, Orlando, Florida, U.S.
Resorts World at Sentosa wants to hire 2,300 people for its theme park operations by the second quarter of next year.
Its assistant vice-president for Communications, Robin Goh said the company has started to fill 300 managerial and supervisory positions for the Universal Studio operations here.
The integrated resort will send 100 of them to the Universal Studios in Orlando, US for about four months of training. Mr Goh said some of the 200 managers will spend about two weeks there.
He said this will cost Resorts World at Sentosa about S$5 million and is part of the company's training budget.
This news comes less than a month since Marina Bay Sands Resort announced its massive recruitment drive.
Resorts World at Sentosa confirms it is on track to open in early 2010.
Mr Goh said the integrated resort will also keep its promise of offering 10,000 jobs where Singaporeans will get priority in the hiring. Of the 10,000 jobs, 30 per cent or 3,000 jobs will go to the Universal Studios operations here.
In addition, Resorts World is also working with four polytechnics - Temasek, Ngee Ann, Nanyang and Singapore Polytechnics.
They are planning to send about 100 of the poly students to the Universal Studios in Orlando for internships starting next year. They will spend about four months there.
When the students return home, they may get a job at the Universal Studios in Singapore.
Nope....$815psf got reason de. Look at the size of the apartments sold.
$815 will be just slightly above land + construction cost.
Newbie
Yes i know the bigger the area, the cheaper the psf.
Understand they bought the land at high price too. They probably earning only S$10psf when sell S$815psf and chances for them to drop price is slim.
But still, price is not gg to be up in the coming months (IMO)
Newbie
Anyone knows the updated price for Amery and Poshgrove?
Newbie
Yes, anyone got the latest price update?
Newbie
Did anyone see Amery recently? Appears no sales for the past few months. Still only 50% sold.
Heard their prices have come down to ard 800psf neg recently. Coming down further? Any comments
Newbie
Is it 50% sold? I thought only 1 3-bedroom unit left and the rest are penthouse units.
Newbie
Anyone knows whether there is any more units left for Amery? If yes, where can I get the info? Thanks.
Junior
Acccording to URA website, there's still 35 units as at end June 2009. You can check with streetsine for the latest transactions.
Newbie
Thanks for the info. Looks like the price has shoot up a lot recently.
Do you have the July's info as well?
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