Heard that developer is selling the Villas with unblocked sea view at a price tag of at least S$3200psf. & must purchase one whole floor to enjoy the price. So far no takers yet.
Heard that developer is selling the Villas with unblocked sea view at a price tag of at least S$3200psf. & must purchase one whole floor to enjoy the price. So far no takers yet.
This is for penthouse or all floors? I'm not sure the size of one floor, but assuming its 15,000 sqft that would be a $50 million cheque.
If this is true, I wonder if they are benchmarking SC Global...really suprised when Ho from the Banyan Tree said in an interview he wanted to do SC Global type developments.
SC Global really ballsy, nevers sells cheap...Marq units asking price is above $6K psf, take it or leave it. One Unit can be above $40 million.
buy it and repent for 20yrs
Actually, apart from the lack of schooling options, Reflections Villa would be my idea place in Singapore to live for own stay....can imagine living with the water right outside the window.
I know Sentosa offers the same, but the extra drive is not my cup of tea! Even the occasional drive to Azure or Oceanfront irritates me...traffic too slow and nothing to see...getting more lazy and impatient as I get older.
$4m (the minimum cost of the ocean facing Villas) is too much capital for me to tie up though....
can u remember initial launch how much they sell the villas for?Originally Posted by 8kenshin
i tink ard 2kpsf rite?
haha, in Penang, even a better seaview for only S$250-$350 psfOriginally Posted by richardsng_era
I'm not keen to stay in Penang thoughOriginally Posted by Laguna
I have friends living in Australia with a river by their doorstep...USD1m over there but this kind of property money cannot buy in Singapore...even $1billion for reconstruction may not be able to do it due to zoning.
Unblocked direct sea view cheapest $2300psf, blocked view (e.g. behind clubhouse) around $1950psfOriginally Posted by devilplate
tats vy ex during tat time...no wonder i was turned off.....i was eyeing the villas tooOriginally Posted by 8kenshin
It's for the entire floorOriginally Posted by 8kenshin
Thanks...so the information is confirmed?Originally Posted by richardsng_era
According to a paragraph from a Chinese site, a record price of almost $2,900 psf has already been acheived for a 2100sqft apartment at the reflections.
"根据新加坡野村证券(Nomura)最新的房地产报告,新加坡吉宝置业的吉宝湾映水苑(Reflections at Keppel Bay)的一个2100平方英尺单位,最近创下了每平方英尺近2900元的新售价纪录,买家为中国籍。以此计算,总成交价近604万元"
http://bbwdm.cn/show_info.asp?id=364954
Originally Posted by 8kenshin
a friend of mine bought a unit during on the very first day of launch ... paid like 19xx psf very close to 2000 psf ...high floor, facing IR , and unblocked view ....
hes been trying to sell at 2500 psf ... but no taker at all ... been marketing since then ...
yet we see higher psf transacted , BUT for new units ...
no one is buying subsale ...
guess the trend hasnt changed ... people only want to buy new units and not subsale
I always wondered if it had been FEO + Huttons rather than Keppel Land +DTZ, whether the development would have sold a lot faster.Originally Posted by proud owner
No offense to FEO or Silverseas supporters (which BTW is a good development), but as a comparision, it looks like Reflections will be quite close to what was marketed (quality, location) and renders, but Silverseas is quite different.
Does the unit got awkward column or odd shape? Otherwise, should be able to sell.Originally Posted by proud owner
TOP should be around end of 2013. Woh Hup is the main contractor for this project, as shown in this linkOriginally Posted by devilplate
http://www.wohhup.com/The-Interlace.htm
People would rather buy from the developers as this project offers deferred payment scheme. Hence, they would just need to foot 20% as down payment and pray hard that the government revises the LTV for second home ownership to a maximum of 80%.
This would be correct for a lot of developments, but may not apply to this one. TOP is supposed to be 1Q2012(I called Keppel 2 weeks ago) and buying defferred may not offer much bang for the buck.Originally Posted by JSVM
All units sold before the introduction for the 60% LTV cap (March 2011?) are also exempt fom this rules, which is probably 90% of sales to date.
If so, then it doesn't make complete sense why would people buy from the developers than sub-sale!
Can I ascertain that if someone were to opt for deferred payment scheme before the recent cooling measures that imposed 60% LVR (assuming the person has more than one property), then he is not subject to 60% LVR but still 80%? I thought otherwise...
Originally Posted by JSVM
Its even odder as this situation is a reverse of the Caribbean experience...here the developer was cheaper than the open market in 2006 &2007, prior to the announcement of the casino.
The only reason I can think of is that developer price and open market price are not much different....(10-20% higher than launch prices). That being the case,and as the show flat is still open, many would rather buy from the developer,who also has a wider range of units. So absent a fire sale or a very prime unit, buying from the developer may be preferred.
On your question, the date of the OTP determines whether the 60% LTV appliesor not, so whether deferred or otherwise is not a factor. However, the banks will not usually lend 80% though on a second property, their own credit policies mean that they will only lend 70-75% in most cases.
Last edited by 8kenshin; 05-06-11 at 21:15.
Thanks for the clarification. Just hope that the lower LVR does not force these people into selling prior to TOP!
While I think the sea-facing units are quite a good buy, one downside of this project is its distance from the MRT and Vivo City, although some may argue that a 10 to 15 mins walk is considered alright. And this situation is made worse if one's unit is at the far-side of the development, away from the main entrance which makes an even longer walking distance to the MRT or Vivo City.
Being a huge development with over 1000 units, the other downside is that rental is going to be very competitive in the first few months and owners must be prepared for a lower than expected rental in the first 2 years of tenancy. Somewhat similar to the Sail.
accept 1yr tenancy if its low rent lorOriginally Posted by JSVM
how far to walk to telok blangah mrt? within 7mins from the nearest end?
heard from agents tht marina residences having a lot of vacant units
with KBW's tip, it looks like we hv to be cautious
I think so... 1310 units advertised for sale
http://www.propertyguru.com.sg/searc...sidence/sale/2
Assuming a conservative duplicate listing of 6 times per unit, this works out to over 200 units unsold since TOP in 2010. Prices are too high. Maybe if cut by 30% then the units can move.
Unlikely but u r right. Units not moving.
A villas unit has hit a all time high of $3,025psf for 2,949sqft size. It must be a super nice unit to fetch this kind of price.Originally Posted by richardsng_era
must have regretted buying at this price..Originally Posted by dormer
maybe he can get it for 2000psf at present mkt condition..
You can test the water by offering 2000 psf for a similar unit?Originally Posted by fiat500
Why worry? Can pay almost 9mil for this unit.Originally Posted by fiat500
true! there's nothing to worry..at most lose $$$ only.Originally Posted by dormer
This is Blk 21 #05-69Originally Posted by dormer