All sold.
Are you interested in this development?
Originally Posted by Reporter
All sold.
Are you interested in this development?
Originally Posted by Reporter
Project Name-Urban Lofts
Developer-ASCENDER CAPITAL PTE LTD(Ascend Group)
Property Type-Unknown
Tenure - Freehold
Total Units - 46
Completion Date - est 30 sep 2011
[IMG]http://www.virtualhomes.sg/FileUpload/Project/2815/Images/site.jpg[/IMG
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http://www.virtualhomes.sg/urbanlofts
Looks like a good development.
Whats the PSF in the current market?
Originally Posted by moonk123
Originally Posted by KT_Lim
Dear KT,
this project is currently fully sold. there are some units up in the subsale market if you would like to explore. alternatively, you may like to consider one of our hot selling d9 fh project like newton edge which is 80% sold. do drop me a line @ 82818888 should you like to explore more about our projects available.
Thank you!
Pet
Thanks.
Can you let me know indicatively, the PSF for Urban Loft vs the D9 Project? I want to have a feel of the mkt levels right now.
Originally Posted by Petmail
Hi there KT,Originally Posted by KT_Lim
Urban Loft was fully sold on average of 1050psf. D11 projects around Novena are currently maintaining an average of 1400-1600psf, D10 average 1500-1700psf while D9 projects are averagely around 1500psf onwards.
Looking at the above, it certainly makes our project in Newton looks totally outstanding and that was the reason why it was launched approx. 3 weeks yet yet already more than 80% sold with an average price between 1100-1300psf.
Should you need any further clarifications, please d0o not hesitate to drop me a line.
Pet
Agree that the pricing looks attractive.
But not too sure at 1050psf for a D8 and 1100-1300psf for Newton,
what are the downside - with a brooding economy? Should we defer till mid next year for pricing to slide further.
Originally Posted by Petmail
Originally Posted by KT_Lim
Dear KT,
If you ask most successful investors, they would have told you that no matter what kinda economical situation, as long as you buy in the right location, you will never go wrong! It doesn't matter whether how much you expect it to drop but rather if you are sure you will be able to catch it in time when it reaches the bottom since nobody will know or anticipate what would be the lowest it will go. But one thing for sure, whenever you tries to catch it, you realise you will never be able to strike in time to catch it and you ended up not buying and losing! Even those investors who bought their properties in the right locations during high time, in today's market, they are still making if they chooses to sell though most of them chooses to hold to sell them in order to reap better profits when the economical situation brightens up in the near future. As Donald Trump said, in properties investment in the right location, the longer you hold on to it, the more you make! This is in fact against and the opposite of the general public comments or even the paper reports of the longer you hold the more you lose.
Properties invesment unlike stocks & share which are purely built on the basis of demand & supply; do not just depends on the demand & supply factor but greatly affected by the growing inflation indices which can eventually gives you one ultimate outcome: Properties & Capital Appreciation.
Bad economical times will mainly affect panicked sellers as they might choose to cash out their properties even though they knew in the first place that they should have held on. Seller asking unrealistic prices in the initial stage end up selling much lower or even at a lost after listing their properties in the market for prolonged period of time. Price adjustment may also happens to certain projects which were literally 'over-priced' given price launched during different & difficult timing where unfortunate events take place.
With that, do you think there will be more upside or downside instead?
Cheers!
Pet
Address Tenure PSF Area Sqft Price Contract Date
89 Rangoon Road #02-03 Freehold $1239 420 $520k 11 Nov 09
Your last July "wait till prices tumbles next 2Q".. now ardy 3Q liao leh bro.. u got go MIA or not..Originally Posted by Bitch
Viewed a unit at Urban Lofts recently.
Absolutely unimpressed with the quality of the build and the management of the building. The 4 shops downstairs are nothing to shout about, in fact, one of them is a dodgy massage place - looks like those that offer extra services. The management should really do something about that! How can they rent out to such tenants? Really that desperate?
Constant water dripping down the front of the building (the part facing Rangoon Road).... what is that? Swimming pool overflowing? Or worse... leaking??!!
Rangood Road itself is sad.... a couple of old coffeeshops, some even older trader selling no idea what.... and some boarded up / locked up shophouses which have definitely seen better days. It's hard to believe this is city fringe prime area! Such a neglected part of town, so easily rejuvenated and revived. Why doesn't the government do something?
I guess the only redeeming point about the development is the location, a stone's throw from the MRT station. That's all I can say.
No idea why it's so popular, both in the selling and rental market!
Needless to say, I did not pursue the unit any further.