Just been texted. A 2 room sold 2300psf. Looks like Sail and MBR now is a steal!
Just been texted. A 2 room sold 2300psf. Looks like Sail and MBR now is a steal!
Can anyone tell me why Lincoln Residences, some 20 meters away sell at 1500psf still have unsold units?Originally Posted by Property_Owner
What's wrong with Lincoln Residences?
if you tell me it is #28-06, 1098sq ft 3 bedrooms (almost same design as the 2 bedrooms on lower floors in same stack except squeezed in 1 super small bedroom) sold at 2300psf i still believe.
if you say its #19-06, 1033sq ft 2 bedrooms sold at 2300psf, i find it unbelievable.
Originally Posted by Property_Owner
Regardless how come Novena selling more than Trilight for the same floor area? This is unnervingOriginally Posted by bargain hunter
Is it because all the mass market prices have pushed up the upper middle segment whereas the luxury market like Cairnhill and Orchard have been somewhat depressed with the lack of institutional buyers.
My guess at the end of the day, what matters is LOCATION. Amenities in the Novena area are more complete than Newton and its proximity to Orchard Road is not that different!Originally Posted by andy
Maybe "because of the absolute quantum that’s required to purchase such apartments, some people are waiting"?Originally Posted by andy
Maybe "buyers want to see the integrated resorts become fully operational because they’re targeted at bringing in the high-rollers and if they put Singapore in the limelight, more people will start putting their money in"?
Originally Posted by The Edge
on second thoughts, i still find it ridiculous. checked with my agent but she is unaware of the 2300psf deal it seems. maybe just developer selling the top floors to their friends to set these record prices so that other buyers think they are getting a good deal and rush in.
they say they brought down their cost to 1200psf because no development charge payable, "among various things". why don't they just say that the various things includes, BLATANT USE OF PLANTERS, BALCONIES, BAY WINDOWS AND AIR-CON LEDGES! to bring down their costs.
Originally Posted by andy
Regardless of the 2300psf, we now have 2 sources for the 23th floor for 2200psf. However I want to see more transactions around these figures to confirm. Nevertheless the combination of Location and Lifestyle seems to be working;-). Saw some adverts that Viva sub-sales is asking for 19xxpsf.Originally Posted by bargain hunter
Concerning planters, bay windows, aircon ledges which developer don't use these Ultimately it is the buyers that decide.
Last edited by andy; 26-10-09 at 12:18.
yes, every developer uses the P, BW, AL but not to such a ridiculous extent. planters outside toilets (for people after bath step out and dry in the sun is it?) and big deep planters outside windows and walls which are not accessible? bay windows in kitchens? totally blatant.
but big difference lah. 2200psf for 464sq ft studio is "affordable" but not for 1033sq ft 2 bedrooms.
speaking of lifestyle, the freshest idea from this showflat is that backside washer cum dryer. gimmicks! that sophisticated looking shower has yet to be approved, meaning they might use any other replacement if its not approved?
the transparent glass flooring of the sky gym might also give some people the creeps. Imagine that its 24 storeys up and a number of kids are jumping up and down on it and there you are trying to jog on the machine.
Originally Posted by andy
yea agreed with u on this one. this project is a little bit too much.Originally Posted by bargain hunter
For example Trilight's huge balcony, personally I still find it acceptable as it's like a nice outdoor terrace. Has some life style appeal. LS's case is really like squeezing every opportunity to increase the perceived unit size.
Actually no difference lah. Lincoln Suites should have just shown a 4BR 2200 sq ft show-flat just like Trilight and people will not perceive the smallness of the liveable area of the unit. Trilight 4BR 2200 sq ft unit also have too big balcony & planter areas. Because of these, the living room becomes much smaller than it really can be (& should be). Not that balcony should not exist but feel that the size is too exaggerated compared to size of the living room. The planter area is a real useless area (If I want to plant plants, I can put the pots on my balcony, no need for such useless space lah).
Originally Posted by amk
Wow! Didn't know that LS can hit 2000+psf. This will definitely bring up the price of the resales units around that area.
so only 46 of 56 launched units sold last weekend. out of which 15 are studios. the rest are 1 to 3 bedrooms. So they sold 39 on the first day and 7 over the next 3 days. hahaha
http://info.sgx.com/webcoranncatth.n...df?openelement
From another forumOriginally Posted by bargain hunter
"Lincoln Suites 1st Phase 60 units released... 70% Sold on 1st Day of VIP preview....$1,800-$2000 psf"
Whatever it is, these guys are good marketers. Hmm.....
Angullia Road holds fond memories for me 20 years ago when it was so scary to walk at night. Wheelock place used to be a mosque. Now the noise generated by the incessant construction is driving me crazy. Orchard View is the most blatant of all, working 24/7. And worst, there are now 3 more sites coming up. How I longed for the peace. Why can't these developers purchase the whole stretch and build a super freehold condo just like 4 seasons?Originally Posted by jlrx
Whatever the price, in 20 years time, it will look so cheap when one factors in inflation!Originally Posted by andy
The Parisian cost only $1m in the 80s.
4 seasons also cost around 1.xx mil when it was launched. Look at the prices now.
So, just buy if you have the $$$.
the official launch figure is 56 units (as stated last tuesday before the launch in BT) and 70% on first day = 39 units is correct as confirmed by property owner. So that also confirms only 7 units sold in the ensuing 3 days hahaha.
by huttons' normal standard in selling MM units all over the island, this must be one of their worst sales. anyway, they are trying to rebrand themselves away from pure sellers of MM units starting with The Arte earlier this year till Lincoln Suites now.
save your compliments for later if they are able to sell the rest of the units at the same pace.
Originally Posted by andy
Yup, by looking back you should be aware how much was Ardmore Pk launch price.Originally Posted by ginseng1
The Sail? People call me crazy when I purchase 5 units.
This time round they hv propnex fighting but I was told huttons collected more cheques. Same like 101 tress. Guess developers also testing out new agencies for marketing but imho, huttons still e best to sell new launches.Originally Posted by bargain hunter
I believe Ardmore Pk was 3m.Originally Posted by Property_Owner
You would be considered weathly by most standards around the world.
What more do you hope for from reading these forums?
Originally Posted by andy
Yup, ardmore was around 3m plus.
Me? Just sharing and kapo a bit. Old man nothing much to do.
the way u number off your purchases has convinced me you are a collector, shld change your nick to Property_Collector ~Originally Posted by Property_Owner
Originally Posted by august
Chey. My humble. This is nothing compare to this http://www.savills.com.sg/news/conte...news&category=
Originally Posted by dormer
i really doubt so ..
for the past 3 mths , sales of new launches were great .. but not resale.. people are just not buying resale or old projects ..
one can raise the price of resale afor all they want .. no one biting
I'd like to give sale/marketing ppl credit when due. Given the high price of the land they have bought and the small land area, I believe they have done a decent job to get the interest going and able to command record $psf for that area. The same with NS with its stunning design over such a small plot and now commanding high rental yields.Originally Posted by bargain hunter
Look at coke. It's only sugar and water and it kills your body. The cost price is next to nothing and yet it's one of the highest cap companies in the world
No development is perfect and the finished product may be less or more than expected. That's a gamble buyers take.
I'm not one of the 46 owners but this would certainly be a candidate, not because it is a top tier best value "products" but it makes you want one (e.g. iphone)
Continuous talking down or up any one project create a credibility issue amongst readers.
Originally Posted by proud owner
bingo pal. My phone also went dead. No agents been calling me for weeks.
Got lah, not as much as before.
Yep that's true. Actually they are not even looking let alone biting at resale.Originally Posted by proud owner
Ppl are only enriching the developers...
just spoke with a friend who has a unit at Cairnhill residences ..TOPing 2010 Q1 i think .. and he is letting go at 2100 psf ..Originally Posted by andy
yet no sound no picture .. and i see in this forum ..people buying LS is 2200 psf ? or even 2300 psf ??
Sssshhhhh....Originally Posted by proud owner
Wow! Does anyone still say you are crazy?Originally Posted by Property_Owner
I bought a property shortly before The Sail was launched, and remember asking my agent for his view of the market.
He told me that if The Sail could break above $1,000 psf, then my property should also be all right.
A few weeks after, he called me to "congratulate me" on my purchase. He said "The Sail managed to break above $1,000 psf. That's a good sign."
That's because people have a choice of units when viewing new projects. They can choose this stack or that stack, but resale units are usually offered one at a time and they cannot choose.Originally Posted by proud owner
I also notice that after the initial wave of buying, some projects have no more buyers and the developers just keep the project on their books as an asset at "market price" and feel very happy and contented about it.
Last edited by jlrx; 26-10-09 at 23:22.