The Metropolitan Condominium (D3, 99 years LH, Capitaland-Lippo JV)

[justsoul]

Personally, I have visited several units last weekend to determine if the project was indeed suitable for investment. In my honest/humble opinion, I reckon the prices quoted (in excess of 1000psf) are way too high and definitely not worth the valuation of the sellers in the long term. My reasoning is as follows:

1) Leasehold

2) Quality of furnishing is poor; meant for the mass market no doubt (the launch price was also targeted at the upgrader community)

3) Some units have to share a common waste chute, which is very inconvenient in my opinion

4) Better bargains in the nearby RV/RQ district, especially considering the 1000-1200psf pricing; how much investment potential would there be? In any case, the upswing would definitely be much higher for the RV/RQ properties since both are essentially starting off from the same baseline now.

Hence, I urge potential buyers to seriously consider all the pros and cons before going ahead with your purchases, just to prevent yourself from being seriously duped by the profit-hungry Metro sellers. For one, in most business transactions, it is every man for himself.

[Daniel_Yee]

Sour grapes? It's just that this condo sucks so I use my brain and didn't buy. Went next door to find instead and found one better one.

Agree, so many sour grapes here. They didn't buy before and now trying to talk down the condo. By the way, it's "above" the MRT and not "below"/"under" the track. For those on higher floors, the noise is barely noticeable. Paying for location also means paying for convenience, and for those who prefers accessibility to MRT and proximity to the city, Metropolitan seems a very choice.

[Daniel_Yee]

You might need to visit the doctor to check your ears. I went to this open house at Metro. #35 or #36 stack 01 I think. Asking 1.2k psf. With not so beautiful 70% blocked seaview. Very windy. But the track noise is so unbearable. The owner also clever. On aircon and close everything. Still can hear MRT passing by. Won't say it is loud but is irritating. With the windows open, I couldn't bring myself to issue a $9000 cheque. Who on earth would on aircon when I am supposed to enjoy the breeze. Might as well buy a 2nd floor, on aircon, put sea wallpaper outside, on sea water soundtrack. Went for twin regency instead. The funny thing is same psf albeit higher price due to bigger area. No track noise. Unblocked high floor view. Best thing - freehold

I don't mind to comment at all. Mine is on a higher floor and faces the MRT side. I normally turn on the air-con anyway and when you close the windows, you cannot notice the noise at all. You only notice it if you open the balcony door, but even without the MRT there, you can hear some traffic, not different from many other condos in Singapore. The MRT noise is not high-pitch (even when braking I guess, I don't really make a note of it) and not annoying and drowns into the background. There are many different positive or negative comments here about Metropolitan but I am a happy owner and like the lay-out a lot too. So I do think I have the right to make a first-hand comment here.

[blackswan]

You might need to visit the doctor to check your ears. I went to this open house at Metro. #35 or #36 stack 01 I think. Asking 1.2k psf. With not so beautiful 70% blocked seaview. Very windy. But the track noise is so unbearable. The owner also clever. On aircon and close everything. Still can hear MRT passing by. Won't say it is loud but is irritating. With the windows open, I couldn't bring myself to issue a $9000 cheque. Who on earth would on aircon when I am supposed to enjoy the breeze. Might as well buy a 2nd floor, on aircon, put sea wallpaper outside, on sea water soundtrack. Went for twin regency instead. The funny thing is same psf albeit higher price due to bigger area. No track noise. Unblocked high floor view. Best thing - freehold

Congrats Bro........

[HP65]

You might need to visit the doctor to check your ears. I went to this open house at Metro. #35 or #36 stack 01 I think. Asking 1.2k psf. With not so beautiful 70% blocked seaview. Very windy. But the track noise is so unbearable. The owner also clever. On aircon and close everything. Still can hear MRT passing by. Won't say it is loud but is irritating. With the windows open, I couldn't bring myself to issue a $9000 cheque. Who on earth would on aircon when I am supposed to enjoy the breeze. Might as well buy a 2nd floor, on aircon, put sea wallpaper outside, on sea water soundtrack. Went for twin regency instead. The funny thing is same psf albeit higher price due to bigger area. No track noise. Unblocked high floor view. Best thing - freehold

Well done. Excellent choice! In time to come, Metro px can only drop while your FH TR can only go up. I also can't understand why do Metro owners would think detractors of Metro are sour grapes. Its so plain to see there is nothin special about it that it should command so much premium over the hdbs across the street. I have mentioned before, Queens is a great proxy of the future of Metro. Another 99LH surrounded by HDB whom original owners cant even sell at a profit even in the peak of property bullrun.

If I have those units facing the track AND would like to stay in Metro no matter what, I would suggest selling the track facing and buy a Tanglin facing unit. Now is the best time to swap. If its me however, I will abandon Metro and probably go for something else that is freehold around Tiong Baru if i need to be in this area.

[jitkiat]

One man meat another man poison. To each his own.

Why are they people staying next to MRT track?
Why are they people staying at Sentosa?
Why are they people staying at CSR?
Why are they people staying at woodland?
Why are they people staying at JB?
Why am I staying at Villa Marina?

Why people pay 1.5mil (600-700psf) to stay at terraced house at Sembawang beach 99LH while you can buy freehold Semi-D at Upper East Coast Road for 500psf ?!

[wklibran]

Why people pay 1.5mil (600-700psf) to stay at terraced house at Sembawang beach 99LH while you can buy freehold Semi-D at Upper East Coast Road for 500psf ?!

i am kind of amazed to see metro owners asking for over $1200 psf at one of the on line condo sales website...

i wonder how are they going to sell?

[housewife]

i am kind of amazed to see metro owners asking for over $1200 psf at one of the on line condo sales website...

i wonder how are they going to sell?

that means it's not transact price lah.

[sumo22]

I used to stay in a HDB flat very near to Redhill MRT when I was young. Though my flat's proximity to the MRT is further than Metropolitan, already the noise from the track was really unbearable & can really get one our nerves sometimes.

The only pro was when I see the train leave the station, I will leave my house to catch the next train just in time. No need to wait. Maybe this is worth $1200psf bah.

[wklibran]

I used to stay in a HDB flat very near to Redhill MRT when I was young. Though my flat's proximity to the MRT is further than Metropolitan, already the noise from the track was really unbearable & can really get one our nerves sometimes.

The only pro was when I see the train leave the station, I will leave my house to catch the next train just in time. No need to wait. Maybe this is worth $1200psf bah.

haha.. u r right.. time is money...

happy selling, metro owners...

[NoodyGirl]

asking prices softening as response to ASky is muted

[joyride]

I used to stay in a HDB flat very near to Redhill MRT when I was young. Though my flat's proximity to the MRT is further than Metropolitan, already the noise from the track was really unbearable & can really get one our nerves sometimes.

The only pro was when I see the train leave the station, I will leave my house to catch the next train just in time. No need to wait. Maybe this is worth $1200psf bah.

The MRT track is 300m away from my home, my 10 month old son can hear and recognize the MRT sound... when i shout "cling clong cling clong", he will look out of the window.

[Regulators]

i am just curious why developers these days go for plain white buildings, izzit becoz they want to cut cost on painting?

[august]

oh man, the balcony railings very ugly leh.. is trying to be retro or what?

[wklibran]

oh man, the balcony railings very ugly leh.. is trying to be retro or what?

the furniture and fittings also not quite up to the mark, given it is a newly TOP condominium .. is it metropolitian or retropolitian?

[NoodyGirl]

the furniture and fittings also not quite up to the mark, given it is a newly TOP condominium .. is it metropolitian or retropolitian?

this condo was sold on first launch 760+ rite?
U expecting what for that base price?
U buy when u have this condition - either very rich or very not savvy about property cycles

re examine only when those asking 1200-1300 melt to 900 ++

[chanelprincess34]

frankly I am not impressed with this metropolitan

1) so near to MRT and the MRT track seems to be "hanging inside and above of the condo which is seems very ugly. The MRT is intergrated with the Condo.

2) doesnt make sense to pay so much psf to live within the HDB area. Might as well stay at the top of the HDB Flat to enjoy the nice view and windy feel of coz only lacking the condo facilities but get to hv more spare cash in yr bank

3) boring white block of condo. not impress with the design

4) Miserable tiny playground under the MRT Track.

Tanglin view / meraprime and twin regency are better choices than this....

[richardsng_era]

Dear all,

My clients from overseas are coming to Singapore on Mid October to invest in private residential properties. Metropolitan is one of their choice condo.

Their requirements are as follows:

1) 2 bedrooms or smaller;
2) Regular shaped interior;
3) Attractive pricing;
4) Floor Plan required;
5) Interior photos provided will be wonderful

Call me at +65-92993342 or email property details including floor plan & interior pictures to [email protected] before Thursday, 8 Oct 2009 3pm.

[patricia]

Dear all,

My clients from overseas are coming to Singapore on Mid October to invest in private residential properties. Metropolitan is one of their choice condo.

Their requirements are as follows:

1) 2 bedrooms or smaller;
2) Regular shaped interior;
3) Attractive pricing;
4) Floor Plan required;
5) Interior photos provided will be wonderful

Call me at +65-92993342 or email property details including floor plan & interior pictures to [email protected] before Thursday, 8 Oct 2009 3pm.

richard, u should go and f*** your m*****. Spoilt all the thread with you stupid f*** advertisement

[sunburnsamsam]

I stay near queenstown MRT on very high floor. The noise from the tracks is unbearable these days. Tracks getting old + frequency of train increased.....last time I tot I build immunity to the sound but dunno why these days very sensitive.

one more thing...at night ....tracks maintainence....those that stay near tracks will know what i mean. you can hear the "knocking sound" and so on.

But I guess plus point is near MRT. Got to give and take

[Reporter]

Some buyers prefer the bigger units in TMC?


The Metropolitan Condominium
Address ............................... psf ................. Area ............ Price ............... Contract Date
8 Alexandra View #13-08 ..... $1,113 psf ..... 1,744 sqft .... $1,941,000 ... 18 Nov 09
6 Alexandra View #11-05 ..... $1,048 psf ..... 1,432 sqft .... $1,500,000 ..... 11 Nov 09
8 Alexandra View #15-08 ..... $1,043 psf ..... 1,744 sqft .... $1,819,000 ..... 11 Nov 09
8 Alexandra View #18-06 ..... $1,040 psf ..... 1,399 sqft .... $1,454,000 ...... 29 Oct 09
6 Alexandra View #37-02 ..... $1,250 psf ..... 1,033 sqft .... $1,291,000 ...... 23 Oct 09
8 Alexandra View #16-08 ..... $1,018 psf ..... 1,744 sqft .... $1,775,000 ...... 19 Oct 09
8 Alexandra View #34-06 ..... $1,051 psf ..... 1,399 sqft .... $1,470,000 ...... 15 Oct 09
8 Alexandra View #30-09 ..... $1,150 psf ..... 1,367 sqft .... $1,572,000 ........ 2 Oct 09
8 Alexandra View #12-09 ..... $1,050 psf ..... 1,356 sqft .... $1,423,000 ..... 30 Sep 09
8 Alexandra View #07-09 ..... $1,032 psf ..... 1,356 sqft .... $1,400,000 ..... 29 Sep 09
6 Alexandra View #24-04 ..... $1,332 psf ....... 732 sqft ....... $975,000 ..... 25 Sep 09

[Reporter]

The latest transaction for The Metropolitan.


The Metropolitan Condominium
Address .......................... psf ............... Area ........... Price ............ Contract Date
6 Alexandra View #24-03 .... $1,314 psf .... 1,066 sqft .... $1,400,000 .... 19 Mar 10

[zhiming1]

Hi,

I have a unit for sale at The Metropolitan.

13-02
840 sqft

wish to sell at 1300 psf

[marktkt22]

I am surprised that pple can bear with the mrt sound for long term and still pay 1000+psf...

[proud owner]

I am surprised that pple can bear with the mrt sound for long term and still pay 1000+psf...

hhhmmm

maybe these buyers are upgraders ...from Commonweath, Ghim Moh HDB where the rail train runs behind their blocks .. so this MRT noise is almost inaudible

also its in the genes of most singaporeans to only buy NEW stuff ..

around that area ..its the newest .. who wants old 999 lh Anchorage, 99lh Queens, tanglin view ?

i would have taken Tanglin view anytime ..

[devilplate]

resale prices also not cheap leh...almost comparable

[proud owner]

resale prices also not cheap leh...almost comparable

to me tanglin is closer to greenery and away from the mrt noise

personal preference lah

[mantrix]

to me tanglin is closer to greenery and away from the mrt noise

personal preference lah

How's the price now? Up or down?

[devilplate]

here u go

[loonymaloney]

Great, tks! so you vested in this projected?