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Thread: Livia (D18, 99 years Leasehold, CDL)

  1. #181
    Unregistered007 Guest

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    Quote Originally Posted by Unregistered123
    Totally agree! There is an adv this saturday, a semi-D at simei is selling at $800K only, as it left only 55 years lease! Spoken to that agent, it's surely no renewable/extendable... checked the CPF website, not allowed to use CPF to pay the installment fully! that likes a $800K rental for 55 years, it's no way to gain back the capital when you are old, want to retire, want to down grade, as nobody can purchase it!
    Will it apply the same logic for 99 LH cond?
    beggars cannot be choosers. if you only have $10, you can only look around for $10 items.

  2. #182
    Unregistered7 Guest

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    people still made money from selling 99LH either as en bloc or subsales...ask those selling Kovan Melody and The Quartz how much they make...so not all 99LH are lousy

  3. #183
    Hello Hi Guest

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    Quote Originally Posted by Unregistered123
    Totally agree! There is an adv this saturday, a semi-D at simei is selling at $800K only, as it left only 55 years lease! Spoken to that agent, it's surely no renewable/extendable... checked the CPF website, not allowed to use CPF to pay the installment fully! that likes a $800K rental for 55 years, it's no way to gain back the capital when you are old, want to retire, want to down grade, as nobody can purchase it!
    Will it apply the same logic for 99 LH cond?
    That works out to only $1,212 per month, and its way below rental for a semi-d. And it's inflation-proof. But there will be property tax and other amount to maintain the place but no land-lord and tenant worry or a sudden hike in rental and got to mov again. It is a buy for those looking for alternative rental for a long time but can't afford to pay so much for a semi-d but don't wish to live in a shoe-box.

  4. #184
    Unregistered7 Guest

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    someone from TQ thread was asking about prices for 4 bdrm unit. I thot I would share the info here.

    All 4 bedrms less ground floor and PH are 1539 sq ft. My agent said 5 floors and below still can get at 991K and above. the stack 15 which is 4 - bdrm and was the first batch launched during preview has been sold out.

  5. #185
    Unregistered6 Guest

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    anyone bought over the weekend?

  6. #186
    Unregistered8 Guest

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    Quote Originally Posted by Hello Hi
    That works out to only $1,212 per month, and its way below rental for a semi-d. And it's inflation-proof. But there will be property tax and other amount to maintain the place but no land-lord and tenant worry or a sudden hike in rental and got to mov again. It is a buy for those looking for alternative rental for a long time but can't afford to pay so much for a semi-d but don't wish to live in a shoe-box.
    hehe...i think you are looking at it too superficially. Unless one has 800K to dump without requiring any loan. try factoring in the bank interest for say 20 or even 30 years and see what you will get.

    Then again, supposedly the person in question is rich and has 800k in cash to spare, do you think he/she will get a semi-d with 55 years left? I wouldn't, for one. just doesn't make sense to me......

    This is a good example of the problems faced by old 99 yrs LH developments...

  7. #187
    IMHO Guest

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    Quote Originally Posted by Unregistered8
    hehe...i think you are looking at it too superficially. Unless one has 800K to dump without requiring any loan. try factoring in the bank interest for say 20 or even 30 years and see what you will get.

    Then again, supposedly the person in question is rich and has 800k in cash to spare, do you think he/she will get a semi-d with 55 years left? I wouldn't, for one. just doesn't make sense to me......

    This is a good example of the problems faced by old 99 yrs LH developments...
    Believe location still one of the main selling factor even if is LH.

  8. #188
    Passerby Guest

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    Quote Originally Posted by IMHO
    Believe location still one of the main selling factor even if is LH.
    How's the sales? The crowd was definitely there....

  9. #189
    kl Guest

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    how much commmision must i pay if i bought a unit through you .....

  10. #190
    kl Guest

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    [QUOTE=kl]how much commmision must i pay if i bought a unit through you .....richard

  11. #191
    Join Date
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    buyer no need to pay commission.. now already publicly advertise, u can even walk in showrm anytime...

  12. #192
    mr funny is offline Any complaints please PM me
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    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.'

  13. #193
    UWC Guest

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    Quote Originally Posted by mr funny
    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.'
    On the comment that the United World College (UWC) is in the vincity of Livia is taken the distance too close which is not right. UWC will be in Tampines st 72 which next the Pinesvale Condo (a HDB EC). Given the choice, the students (or their family) would prefer renting from The Tropica which just a stone throw to Bedok Reservoir. Breezy and unblock.

  14. #194
    The Tropica Guest

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    Quote Originally Posted by UWC
    On the comment that the United World College (UWC) is in the vincity of Livia is taken the distance too close which is not right. UWC will be in Tampines st 72 which next the Pinesvale Condo (a HDB EC). Given the choice, the students (or their family) would prefer renting from The Tropica which just a stone throw to Bedok Reservoir. Breezy and unblock.
    Yeah, The Tropica is walking distance to UWC.

  15. #195
    Wait Long long Guest

    Default

    Quote Originally Posted by smarian
    Agreed......

    It's the beginning of the end of the property boom, soon the developer will start a price war to attract more buyers.....and the only way to go is to cut the prices down.
    U r talking abt CDL. U think they are like small developers who has no money to hold / finance and will reduce the price if gather not enuf buyers? U can wait long long for the price to come down. I can bet u for tat. ;-)

  16. #196
    Wait long long Guest

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    Quote Originally Posted by st michael
    Because hahaha, new launch at St michael Rd from 600psf, 999yr leasehold. Dakoda buyers are fxxking screwed now!!!!!!!!!!!
    I can imagine you have to wait 15 mins to get through the heavy traffic jams to get in and out of St Micheal's Rd. And within a good 1km, u can hardly find nice food and grocery stores ard.

  17. #197
    hah! Guest

    Default

    Quote Originally Posted by Unregistered2
    Hey Bravo,

    You know, I absolutely agree with you. I have friends working as approving officers in HDB and banks and I was told many Singaporeans can barely afford to stay in exec flats and condos. Buying such properties for them is really living on the edge. If anything unexpected turns up, things get very ugly.

    The interest payment of half a million when you service the loan is scary, but very real indeed! Imagine what you can do with that sum. To some people, it is worth paying for the luxury. This is a lifestyle decision and I have nothing against it. However, one should know that 99 year LH projects becomes more of a liability the longer you stay in them. They just do not retain value very well in the long run, whether you like it or not.

    I feel it is not that one cannot stay in a 99 yr LH or is bound to make a loss staying in a 99 yr LH. You just have to be a little more mindful of the market and consider selling it off when market is good....
    500K u so worried about OTHER people for what? FYI, A LOT OF PEOPLE IN SPORE got easily that money so they can afford it. If u can't afford it, go cry somewhere else. No need to be a sneaky git and 'pretend' pretend to be soo noble.

  18. #198
    hah! Guest

    Default

    Quote Originally Posted by Unregistered123
    Totally agree! There is an adv this saturday, a semi-D at simei is selling at $800K only, as it left only 55 years lease! Spoken to that agent, it's surely no renewable/extendable... checked the CPF website, not allowed to use CPF to pay the installment fully! that likes a $800K rental for 55 years, it's no way to gain back the capital when you are old, want to retire, want to down grade, as nobody can purchase it!
    Will it apply the same logic for 99 LH cond?
    those semi-D original price 100K only u know. so who's laughing now. dumm dumm.

  19. #199
    hah! Guest

    Default

    Quote Originally Posted by Unregistered8
    hehe...i think you are looking at it too superficially. Unless one has 800K to dump without requiring any loan. try factoring in the bank interest for say 20 or even 30 years and see what you will get.

    Then again, supposedly the person in question is rich and has 800k in cash to spare, do you think he/she will get a semi-d with 55 years left? I wouldn't, for one. just doesn't make sense to me......

    This is a good example of the problems faced by old 99 yrs LH developments...
    hehe yourself. u r also looking at it too superficially. u r looking at it from the viewpoint of a greedy person but got no money. go earn money first, litter boy. don't talk so much in this forum. u should be working!!!

  20. #200
    Unregistered123 Guest

    Default

    Quote Originally Posted by hah!
    hehe yourself. u r also looking at it too superficially. u r looking at it from the viewpoint of a greedy person but got no money. go earn money first, litter boy. don't talk so much in this forum. u should be working!!!
    halo! don't look down at poor ppl, ok? heard that a lot of ppl went to that area during the weekend, site visit on every semi-D, as they can't get the actual address yet from agent... they are so excited for the price, 800K only for a semi-D leh, who care 55 years later... they talk loud loud, see house one by house. such a good family outing! i guess the owner must be happy + angry...

  21. #201
    KL Guest

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    i called up an agent few weeks ago after i found a leaflet at my car ....then the agent keep calling me back asking if i wanna buy and persuading me to buy ...thats why i wonder if their commsion so good till the try all their luck to push for sales .....

  22. #202
    Join Date
    Mar 2008
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    Reflections at Keppel Bay
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    Default New Pasir Ris Condo @ Along Pasir Ris Drive 1 (+65-92993342)

    Hi KL

    Actually, the agents are not earning much from developer as the price for Livia is already very attractive. You can read about this article from BT. One developer also blamed CDL for spoiling the market. But the fact is Livia is different from other launches as mentioned earlier. Livia in fact benefitted buyers.


    www.businesstimes.com.sg/sub/suite/story/0,4574,287712,00.html?
    Business Times - 15 Jul 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.
    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.'

  23. #203
    Join Date
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    Quote Originally Posted by KL
    i called up an agent few weeks ago after i found a leaflet at my car ....then the agent keep calling me back asking if i wanna buy and persuading me to buy ...thats why i wonder if their commsion so good till the try all their luck to push for sales .....
    Well, they're just providing u the service mah.. If they didnt call u, then u will also complaint they don bother la, lousy service la....

  24. #204
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    How is the sales after the official launch? Any increased in price say a 3BR unit?

  25. #205
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    Default New Pasir Ris Condo @ Along Pasir Ris Drive 1 (+65-92993342)

    [quote=kl]
    Quote Originally Posted by kl
    how much commmision must i pay if i bought a unit through you .....richard
    Hi KL

    It's not necessary.

  26. #206
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    Quote Originally Posted by propertyinvestor
    How is the sales after the official launch? Any increased in price say a 3BR unit?
    Hi Propertyinvestor

    Prices only increased for new unit release.
    Last edited by richardsng_era; 19-07-08 at 00:03. Reason: New Pasir Ris Condo @ Along Pasir Ris Drive 1 (+65-92993342)

  27. #207
    Unregistered9 Guest

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    how many units of 3 and 4 brdrms are still at preview prices please?

  28. #208
    eritia Guest

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    me .bot a 3BR .

  29. #209
    Join Date
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    Default congrats

    Quote Originally Posted by eritia
    me .bot a 3BR .
    Hi, congrats on your buy...please join us in the other thread for Livia owners

  30. #210
    mk1 Guest

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    how much is the 3 br u bought??? whats the livia website ?

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