Page 1 of 6 12345 ... LastLast
Results 1 to 10 of 51

Thread: Question on Murano and Estiva

  1. #1
    polityka
    Guest

    Default Question on Murano and Estiva

    I'm quite new to the property market so pardon my ignorance.

    I am intending to buy a property to rent out and have been looking at developments in Pasir Panjang. Two developments I am now focusing on are the Murano and the Estiva. The former seems to be asking for about $775psf while the latter is probably hovering around the $730psf to $750psf price range (these are all asking prices). These are prices for the so-called penthouses (3 bedrooms).

    To me, these prices seem relatively moderate but I could be mistaken. I would be grateful if anyone could kindly shed some light as to whether you think these two developments are good value at the current asking price.

    My view is that while the Murano seems to have better finishings, the Estiva's layout is better.

    Thanks guys.

  2. #2
    Newbie
    Join Date
    Mar 2008
    Posts
    33

    Default

    personally I like Murano cos the building looks more modern & the developer Novelty uses only branded finishings for all their projects. if u are looking at the west coast highway facing units, they face the west coast park. however, the units are very tight and small.

    estiva also looks good but the problem is that the unit do not have a yard. I bet you've seen many units hanging clothes at the balcony? also there is a bus stop right in front of the project. personally i think it is very noisy. the back of the project faces pasir panjang wholesale market, so there is not much greenery to look at, should u be looking at units at this facing.

    good luck in yr search!

  3. #3
    polityka
    Guest

    Default

    Quote Originally Posted by jt88
    personally I like Murano cos the building looks more modern & the developer Novelty uses only branded finishings for all their projects. if u are looking at the west coast highway facing units, they face the west coast park. however, the units are very tight and small.

    estiva also looks good but the problem is that the unit do not have a yard. I bet you've seen many units hanging clothes at the balcony? also there is a bus stop right in front of the project. personally i think it is very noisy. the back of the project faces pasir panjang wholesale market, so there is not much greenery to look at, should u be looking at units at this facing.

    good luck in yr search!
    My main problem with the penthouse unit I saw at the Murano was the layout. The living room is dark as the light sources are primarily at one end of the living room. Huge wall to your left as you walk in with the kitchen to the right. Also, I think it would have been better if they cut down the number of rooms. I know more rooms probably makes it more sellable but it just looks as if they tried to cram in as many rooms as possible. But the finishings and fittings are better than those in many other developments I have seen.

    Downstairs, the lap pool sort of puts me off as it just looks unsafe. I feel as if I will cut my legs on the sharp edges of the pool as I climb in as it is raised. Also, the kiddie playgound (which looks quite sad) is right next to a parking lot with no barriers. A tragedy waiting to happen.

    On the Estiva, I take your point about the lack of a yard but the penthouse unit I was looking at has plenty of balcony space if I need to hang any clothes, which I seldom do as I normally just use a dryer. Also noticed some BAD cracks on the walls.

  4. #4
    Newbie
    Join Date
    Mar 2008
    Posts
    33

    Default

    Quote Originally Posted by polityka
    My main problem with the penthouse unit I saw at the Murano was the layout. The living room is dark as the light sources are primarily at one end of the living room. Huge wall to your left as you walk in with the kitchen to the right. Also, I think it would have been better if they cut down the number of rooms. I know more rooms probably makes it more sellable but it just looks as if they tried to cram in as many rooms as possible. But the finishings and fittings are better than those in many other developments I have seen.

    Downstairs, the lap pool sort of puts me off as it just looks unsafe. I feel as if I will cut my legs on the sharp edges of the pool as I climb in as it is raised. Also, the kiddie playgound (which looks quite sad) is right next to a parking lot with no barriers. A tragedy waiting to happen.

    On the Estiva, I take your point about the lack of a yard but the penthouse unit I was looking at has plenty of balcony space if I need to hang any clothes, which I seldom do as I normally just use a dryer. Also noticed some BAD cracks on the walls.

    which one gives u good vibes when u walked in?

    personally i prefer murano's layout. the long wall looks big now, but once u put in furniture or hang pictures on the wall, it'll be different. btw, based on past transactions of murano, looks like u've got quite a good deal. estiva has not exceed $700psf so far.

  5. #5
    Potential Murano Owner
    Guest

    Wink

    Quote Originally Posted by polityka
    I'm quite new to the property market so pardon my ignorance.

    I am intending to buy a property to rent out and have been looking at developments in Pasir Panjang. Two developments I am now focusing on are the Murano and the Estiva. The former seems to be asking for about $775psf while the latter is probably hovering around the $730psf to $750psf price range (these are all asking prices). These are prices for the so-called penthouses (3 bedrooms).

    To me, these prices seem relatively moderate but I could be mistaken. I would be grateful if anyone could kindly shed some light as to whether you think these two developments are good value at the current asking price.

    My view is that while the Murano seems to have better finishings, the Estiva's layout is better.

    Thanks guys.

    The price is OK but if you can afford such a budget, there are better developments to consider. We saw Murano but after driving there during the day and night, we concluded that the MRT is actually quite far away and Pasir Panjang Road is quite a narrow arterial road. Have you gone there during the night? It is quit dark and I don't think you will relish walking alone late at night. The finishing by the developer is excellent by any standards but ask yourself is there potential 5 years or 10 years down the road. The blocks are all quite near and we do not think the plot ratio could be increased any further. So our conclusion is that if you are buying to stay and you drive, it is probably OK but if you are looking for capital appreciation on a long term, we believe it is somewhat limited. Happy house hunting......

  6. #6
    Unregistered33332
    Guest

    Default

    Saw the Murano, quite like the entire development and the pool. Did a check on the caveat lodge, the penthouses (abt 2045 sq ft) were initially launched and sold for avg $500 psf. So if u intend to get it at $700 psf, that is an awesome $400K profit going into the 1st owner's pocket. Gd luck!

  7. #7
    Unregistered33332
    Guest

    Default

    Quote Originally Posted by Unregistered33332
    Saw the Murano, quite like the entire development and the pool. Did a check on the caveat lodge, the penthouses (abt 2045 sq ft) were initially launched and sold for avg $500 psf. So if u intend to get it at $700 psf, that is an awesome $400K profit going into the 1st owner's pocket. Gd luck!
    Sorry, threadstarter mentioned $775 psf which means $562K profit made by the 1st owner!!! Do u like to see pple laughing their way to the bank while u slog day and night just to cope with the hefty bank loan? Its ur life, ur money. U choose!

  8. #8
    qwq
    Guest

    Default

    Come on, nobody in the right state of mind is going to sell it to you at the price he bought it at i.e $500psf 2-3 years ago. Even bank valuation changes every month. Whoever got the guts to go in 3 years ago when mkt is bad should be rewarded, mkt rewards risk takers. What is impt is you should check what the valuation is now.


    Quote Originally Posted by Unregistered33332
    Saw the Murano, quite like the entire development and the pool. Did a check on the caveat lodge, the penthouses (abt 2045 sq ft) were initially launched and sold for avg $500 psf. So if u intend to get it at $700 psf, that is an awesome $400K profit going into the 1st owner's pocket. Gd luck!

  9. #9
    Unregistered9
    Guest

    Default

    wah, every house owner buy and sell at their price they bought, who would still want to invest in Singapore properties? market would have collapse. every location in SG including little india and geylang have appreciated. livia in pasir ris is now selling at $640psf. this is pasir panjang freehold land leh....

  10. #10
    Unregistered33332
    Guest

    Default

    Quote Originally Posted by qwq
    Come on, nobody in the right state of mind is going to sell it to you at the price he bought it at i.e $500psf 2-3 years ago. Even bank valuation changes every month. Whoever got the guts to go in 3 years ago when mkt is bad should be rewarded, mkt rewards risk takers. What is impt is you should check what the valuation is now.
    Well, I am not saying one should not make a profit. Of cos no one in the right state of mind will sell at cost price. A decent $300K profit for an investment made 2 to 3 yrs ago is quite reasonale. Futhermore, the 1st owner dun even need to fork out full amt, just a 20% downpayment to turn over a $560K profit in 2 yrs is a lot!!!

    But I just feel sorry for or warn the buyer who is going to buy it and stay there for long. Or maybe the buyer has already made a hefty sum through previous property flips, then he doesn't mind pumping in free money back in.

    There is always pros and cons. I for one would not look at subsale. so many choices ard, why linger on one? Wait 2 -3 yrs down the road when the unit gets older, see if the price comes down???

Page 1 of 6 12345 ... LastLast

Similar Threads

  1. TDSR question
    By wildfaye29 in forum Finance and Legal
    Replies: 4
    -: 02-09-13, 20:32
  2. The burning question for F&N
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 14-08-12, 20:27
  3. Burning question....
    By radha08 in forum Coffeeshop Talk
    Replies: 18
    -: 15-04-12, 12:18
  4. To buy or not to buy, that is the question
    By mr funny in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 25-08-11, 02:23
  5. The Estiva
    By gsurin in forum District 5
    Replies: 35
    -: 05-08-09, 10:11

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •