Beacon Heights D12 , 999 yr

[XB]

just heard from my agent... actually still got stack 6 just released for sale by developes...hmm....i din know that until now.

so those who are interested still to be my neighbours....welcome...

[Regulators]

i also heard stack 6 releasing at 9xxpsf to 1000psf

just heard from my agent... actually still got stack 6 just released for sale by developes...hmm....i din know that until now.

so those who are interested still to be my neighbours....welcome...

[Windyblue]

Same same. Agent said the developer has been holding back to wait for the price to turn.

[Regulators]

IMHO the BH developer is rather brainless. They threw out some good remaining 2+1 units at dirt cheap prices this year and are now jacking up the prices for the worst stack (stack 6) and the psf pricing has gone somewhat haywire. Some 2+1 and 1+1 were sold off by developers for 8xxpsf just this year and now the developer is relaunching the lousiest stack of 3 bedders with west sun at up to 1000psf, don't you think they are one screw loose or perhaps one screw missing? Since BH is their 1st condo project, i think this developer is very inexperienced when it comes to pricing. To me, they are a nut....

[Regulators]

check the recent caveats and you know what i am talking about...what a brainless developer

[xtink]

maybe developers deperate to sell as many units as possible (for cashflow), so present the best units at the best price.

cashflow is important. If the mkt picks up, any lousy units will have suc-kers also. so in this aspect, the developers had strategise it this way.

but in your opinion, which stack is the best? at high floors, i think all views are equally good, but maybe the stack facing the CTE will be bad with the noise.

[Regulators]

i think the stack facing cte is the best coz there is totally no chance of blockage whatsoever and the view is very nice. the stacks facing city would sooner or later be blocked IMO. dont forget the stack facing cte also has nice view of the floating gymnasium and pool below. if you stay on the high floor, can easily take a lift a few floors up to level 27 and get a 360 degrres view of the surrounding skyline and city. The reason why I know this project so well is because i went to the showroom last year with a friend who was interested to buy a unit in BH. I have relatives staying in toa payoh and bendemeer as well so i am familiar with the area...

maybe developers deperate to sell as many units as possible (for cashflow), so present the best units at the best price.

cashflow is important. If the mkt picks up, any lousy units will have suc-kers also. so in this aspect, the developers had strategise it this way.

but in your opinion, which stack is the best? at high floors, i think all views are equally good, but maybe the stack facing the CTE will be bad with the noise.

[Regulators]

developer is stupid coz they are leaving the lousiest stack to clear only now at higher psf. they should always keep the premium stacks for later to be launched higher, not lousy stack. also look at the recent developer sales at 7xxpsf and 8xxpsf for BH. airstream is already selling at more than 1kpsf so the developer obviously wasnt doing their homework about upcoming launches in the area. all developers would want to maximise profits, only a stupid developer would throw out RCR condos at 7xxpsf or 8xxpsf when Jurong condos are already selling at 8xxpsf to 9xxpsf. Whoever is in charge of sales in St Michael Development should get sacked for making a stupid decision to throw out units at ridiculous prices this year. Anyone who bought at these ridiculous prices will be able to flip almost immediately for almost 300psf of profit so would you say the developer is stupid?

maybe developers deperate to sell as many units as possible (for cashflow), so present the best units at the best price.

cashflow is important. If the mkt picks up, any lousy units will have suc-kers also. so in this aspect, the developers had strategise it this way.

but in your opinion, which stack is the best? at high floors, i think all views are equally good, but maybe the stack facing the CTE will be bad with the noise.

[xtink]

wah chun bo? 300psf profit? u buy? i buy one now and sell to you at discount... charge u 200psf profit will do....

[Regulators]

one joker bought an 893sqft 2 bedder for $739psf (stupid developer). Now the lousiest stack 6 3 bedders launching at 900-1000psf. As smaller units are usually sold at higher psf, this joker just needs to offload his 2 bedder at $1039psf (still lower than airstream) and he will make a decent profit of $300psf or $267000. Now you know why i say the developer is brainless.....

wah chun bo? 300psf profit? u buy? i buy one now and sell to you at discount... charge u 200psf profit will do....

[xtink]

if the developers really launch the stack 6 at 900-1000 psf, then by comparison, the units at airstream selling at 1050 psf is CHEAP!

[Regulators]

but remember a 3 bedder at BH with psf of $880 has a quantum of almost $1 million. For airstream, even if psf is $1200, a mickey mouse unit of around 500sft would only be $600000.

if the developers really launch the stack 6 at 900-1000 psf, then by comparison, the units at airstream selling at 1050 psf is CHEAP!

[XB]

spotted probably the 1st subsale of BH... abt 100% gross capital return assuming initial outlays of abt 20%

#18-08
$868
667
$579k
11-Aug-08


#18-08
$1,004
667
$670k
2-Oct-09

[Regulators]

wow the 1st unit in BH to cross $1kpsf.

[Reporter]

Five Regent Court units sold for more than $650 psf
The Edge
Monday, 19 October 2009

There was a flurry of transactions at the 25-year-old Regent Court recently. The 49-unit freehold condominium failed to sell en bloc for $34 million, or $528 psf, after it surfaced last December that the stamp duty for the en-bloc sale agreement in 2007 had not been paid by Regent Development, a nominee of Landquest Pte Ltd. Earlier, some owners also opposed the deal as they claimed that the sales proceeds could not cover their purchase price.

As it turns out, the failed en-bloc deal has enabled owners to ride on the recent rise in property prices. In particular, Regent Court has benefited from the strong take-up rate of new mass-market projects like Airstream @ St Michael’s Road. Property buyers who had come to view Airstream’s showflat would have driven past Regent Court, which is located along Serangoon Road, the main road leading to St Michael’s Road. In August, all 70 units at Airstream, which is developed by Millennium Homes, were sold within day, via balloting at an average price of $1,100 psf. Nearby, developments such as St Michael Regency, One St Michael’s and yet-to-be-completed Beacon Heights have been sold for an average of $800 psf this year, although latest sales saw some units breach $900 psf.

Regent Court, which is located near the Boon Keng MRT station, has had a total of eight transactions from August to Sept 25, according to caveats lodged with URA Realis. Only three units changed hands over the seven years before 2007.

For the period of Sept 18 to 25, there were five transactions priced from $670 to $707 psf. For instance, a 1,108 unit on the eighth floor went for $780,000, or $704 psf.

With prices breaching the $650 psf level, several homeowners were able to sell at a profit. For instance, a 1,528 sq ft unit on the third floor went for $1.08 million, or $707 psf. The original owner had purchased it for $805,000, or $527 psf, in 1997. In August, a 968 sq ft unit on the sixth floor was sold for $700,000, or a high of $723 psf. The original owner had purchased it for only $555,000, or $573 psf, in 1995.

A property agent, who recently sold a unit at Regent Court, notes that demand for mass-market projects with good amenities remains strong.

[Regulators]

St Michael area is an up and coming area as I have predicted since the start. Balestier is also becoming the next big hit in time to come. mountbatten and guillemard can try hard but the latter two are still too close to vice.

[xtink]

wow, 25yr old condo can transact at 700psf. those who bought into new projects in the same vincinty must be happy. Even if enbloc really goes thru in Dec 08 for this condo, the eventually selling price in order to have a healthy margin would have been easily >1000psf! (500psf + 400psf for rebuilding + 300psf margin, approx).

the buyer who bought at 707psf hoping for enbloc? but the gain wouldnt be alot then right?

[jlrx]

With prices breaching the $650 psf level, several homeowners were able to sell at a profit. For instance, a 1,528 sq ft unit on the third floor went for $1.08 million, or $707 psf. The original owner had purchased it for $805,000, or $527 psf, in 1997. In August, a 968 sq ft unit on the sixth floor was sold for $700,000, or a high of $723 psf. The original owner had purchased it for only $555,000, or $573 psf, in 1995.

For those who bought in 1995 / 1997 and yet "able to sell at a profit", that can only mean one thing ...

The property market has surpassed the previous peak !!!

I just checked on the unit mentioned above. It is #03-06 transacted on 14 July 1997 for $805,000 or $527 psf. The latest transaction was on 24 Sep 2009 for $1,080,000 or $707 psf.

In July 1997, the Singapore property price index was at 162.9 points (compared to the all-time-high in Q2 1996, which was 181.4 points).

Hence if we take (707 / 527) x 162.9 points = 218.5 points, that means the property market is now 20.5% higher than the previous all-time high of 181.4 points in Q2 1996 !!!

Of course, one transaction doesn't make the market. Nevertheless, it could be an indicator that the property market has already overshot its previous peak!

[Sinclone]

Developer Units still available.

Call developer's sales team @ 6100 8090 for enquiries

[xtink]

wah... this one still selling? havent sold out? surprising....price too high or really lousy project?

[Regulators]

I think only the stack facing west sun not sold out yet. all those leftover units are in excess of $1 mil so I think they take longer to sell out. This is Kim Eng's first condo project, so pricing quite haphazard comparing this and last year. Developer very inexperienced IMO.

wah... this one still selling? havent sold out? surprising....price too high or really lousy project?

[alamak]

I think only the stack facing west sun not sold out yet. all those leftover units are in excess of $1 mil so I think they take longer to sell out. This is Kim Eng's first condo project, so pricing quite haphazard comparing this and last year. Developer very inexperienced IMO.

This project no hopers oredi . Possibly Securiy broker first and last foray into property. Got after sales service or not since not a seasoned property developer. What is the progress like hah ? seems like donkey years - still ground zero isizt ? . somemore so far inside St Michael area , at nite and early morning so ulu and dark no wonder no family want to stay, that's why in excess $1 million no takers. Yeah, definiotly need the free security guard services from OSM to escort these folks at nite & wee morning.

[Reporter]

Err ... only less than 88% sold ... 27 units are still available for interested buyers.
8 xxx 8 xxx 8 but $1,004 psf has 4 not 8! Why?


Beacon Heights
Address ........................... psf .............. Area ......... Price ............ Contract Date
8 Mar Thoma Road #18-08 .... $1,004 psf ..... 667 sqft ..... $670,000 ...... 2 Oct 09
8 Mar Thoma Road #26-06 ...... $947 psf .... 1,109 sqft ... $1,050,000 .... 25 Sep 09

[Regulators]

Kim Eng has another project opposite Central somewhere near Hong Kong Street, wondering what the hell they are building there. As for BH, nothing wrong with the location, at least better than OSM which is just beside Serangoon Rd. I think not many people want to face the afternoon sun that is why still got stack 6 not completely sold. Yeah OSM looks like a prominent guardhouse guarding all the properties in St Michael ...LOL

This project no hopers oredi . Possibly Securiy broker first and last foray into property. Got after sales service or not since not a seasoned property developer. What is the progress like hah ? seems like donkey years - still ground zero isizt ? . somemore so far inside St Michael area , at nite and early morning so ulu and dark no wonder no family want to stay, that's why in excess $1 million no takers. Yeah, definiotly need the free security guard services from OSM to escort these folks at nite & wee morning.

[mcmlxxvi]

Latest progress.

[browser]

Residential apartmentsMar Thoma RoadGreen Bay Pte LtdNon-LandedRCR15300000- - - Residential apartmentsMar Thoma RoadEastwood Green Pte LtdNon-LandedRCR10500000- - -
Seems like there are some more new development in the mar thorma road area.. Seriously afraid that St michael road will be over crowded when all these new developments are up.

[mcmlxxvi]

Thank god I made and exited from St Michael's liao......

[vamtoppy]

Unblocked View!
19th Floor and Up!

[jondy77]

Look impressive!

[xtink]

when is this going to TOP? but this is not a popular project. probably launched at the wrong time. but this area has always been very quiet. anyway, it does look "giantic"...