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Thread: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

  1. #901
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    Mar 2008
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    706

    Default

    Just saw the lease doc. Owner is a private Indon couple.

    I don't know the details of how it happened, but the landlord agreed to a price which is some hundred dollars lower than what my colleague was willing to pay. I guess our agent put in a slightly lower offer, and the landlord immediately accepted. Maybe cos the landlord is desperate to get a tenant, and did not want to bargain for fear of losing the "bird in hand"?

    Quote Originally Posted by bargain hunter
    could it be one of those which keppel is leasing out?

  2. #902
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    i thought indonesians rich, no need rental also can leave unit empty?

    Quote Originally Posted by starrynight
    Just saw the lease doc. Owner is a private Indon couple.

    I don't know the details of how it happened, but the landlord agreed to a price which is some hundred dollars lower than what my colleague was willing to pay. I guess our agent put in a slightly lower offer, and the landlord immediately accepted. Maybe cos the landlord is desperate to get a tenant, and did not want to bargain for fear of losing the "bird in hand"?

  3. #903
    Join Date
    Mar 2009
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    160

    Default about $1,500 psf for resale compared with developer psf ?

    Quote Originally Posted by richwang
    And you can see, once rental cannot cover monthly payment, high end owners don't have the holding power. (Who says half a million real loss is nothing?)

    Thanks,
    Richard
    Resale psf now more attractive than buying direct from developer ?

    around $1,500 psf or less ?

    23###15-72size1,518sq ft,,,,,$1,515psf,,,,,14/05/2012amount$2,300,000….....
    23###16-72size1,528sq ft,,,,,$1,531psf,,,,,14/05/2012amount$2,340,000….....
    25###04-79size1,313sq ft,,,,,$1,480psf,,,,,19/03/2012amount$1,943,240….....
    23###03-70size1,012sq ft,,,,,$1,513psf,,,,,01/03/2012amount$1,530,900….....
    25###14-75size1,152sq ft,,,,,$1,432psf,,,,,20/02/2012amount$1,650,000….....
    25###03-79size1,324sq ft,,,,,$1,473psf,,,,,09/02/2012amount$1,950,000….....
    31###04-90size1,302sq ft,,,,,$1,495psf,,,,,17/01/2012amount$1,946,700….....
    25###07-75size1,270sq ft,,,,,$1,557psf,,,,,09/01/2012amount$1,977,200….....
    23###03-70size1,012sq ft,,,,,$1,399psf,,,,,06/01/2012amount$1,415,400….....
    31###11-93size,,818sq ft,,,,,,$1,558psf,,,,,,06/01/2012amount$1,274,400….....
    31###06-93size,,872sq ft,,,,,,$1,393psf,,,,,04/01/2012amount$1,214,343….....

  4. #904
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    Jun 2008
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    1,569

    Default

    Quote Originally Posted by sh
    Huat till 2017! Then can drop 50% after go up 100%....
    1997 is peak, 2007 is peak.. so 2017 is peak.
    But in between, there is a big drop and then stay sideways.
    So now the question is "was 2009 the big drop and 2012-2014 is the sideway trend before the explosive uptrend?"

  5. #905
    Join Date
    Mar 2009
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    160

    Default JUNE 2012 LOSS : $86k for 1,076sq ft $1,749 psf $ 1,883,000

    Quote Originally Posted by richwang
    do we need to wait for so long for the next peak?

    And you can see, once rental cannot cover monthly payment, high end owners don't have the holding power.
    Thanks,
    Richard
    Villa unit #08-18 June 2012 sold at loss by first owner
    =========================================

    Sold on : 2012-06-27

    Address : #08-18
    Unit area (sq ft) : 1,076
    Sale price : 1,749($psf)
    -----------------------
    Bought on :2007-08-27
    Purchase price ($psf) : 1,829 psf

    LOSS ($) -$86,080
    =================


    5 #08-18 sold for $1,883,000

  6. #906
    Join Date
    Nov 2008
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    131

    Default Increase in sales of HDB resale flats and Private properties

    Increase in sales of HDB resale flats and Private properties

    Demand for property is still going strong. So strong it might have already overpowered the attempts by the government to cool the market. Now it remains to be seen if the recent moves to restrict subletting of HDB flats for permanent residents will lower prices in this sector.
    More buyers have snapped up resale Housing Board flats and condo units in the second quarter even as prices have reached record highs. Experts said this marks a reversal in the resale market that had seen a downward trend in transaction volume in previous quarters. They added that reasons ranged from pent-up demand, to lowercash premiums asked by sellers of HDB flats. On the private-property front, the 3,487 resale transactions in the second quarter, up from 2,206 in the first, represented a rise of close to 60per cent. HDB resale deals rose 19 per cent to 7,011 from 5,892.

    PropNex chief executive Mohamed Ismail said the wait- and-see attitude adopted by buyers due to the Government’s cooling measures – including the additional buyers stamp duty – seems to have dissipated. ‘It appears that the strength of property demand has outweighed concerns over the slowing economy, the worrying global economic situation and the dampening effect of multiple rounds of government measures,’ he said.

    ERA Realty key executive officer Eugene Lim noted that buyers who are not going for expensive, new, top-end condo units in the suburban areas are instead turning to the core central area and ‘finding good bargains’. Citing an example, he said an 800sqft apartment at the 99-year-leasehold Watertown in Punggol recently sold for $1.1 million.

    Brisk sales for private homes,

    Brisk sales by developers for private homes continued last week. In the CBD, United Industrial Corporation (UIC) is said to have moved close to 50 units at its V on Shenton project, taking total sales in the project to over 140 units. The 54-storey tower was launched on 20 July with 190 out of its …



    China home prices rise for 2nd month in July,
    AUGUST 2, 2012
    The average home price in China’s 100 major cities edged up in July for the second consecutive month, reinforcing signs of a recovery in the property market even as the government seeks to spur broader economic growth, a private sector survey showed on Wednesday. The average price of 8, 717 yuan (S$1,700) per square metre in … Continue reading

    Australian house prices enjoy surprise rise in Q2,
    AUGUST 2, 2012
    House prices in Australia’s major cities recorded a surprise increase last quarter, the first in more than a year and perhaps an early sign that recent cuts in interest rates are stabilising demand in what has been a very subdued market. Wednesday’s figures from the government showed prices for established houses in the major cities … Continue reading

  7. #907
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    May 2012
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    Default

    Is there another plot near Reflections that may be a condo launch soon?

  8. #908
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    Default Keppel Bay Plot 3

    Yes, it will be a waterfront project of 367 high-end homes along the historic King's Dock, and nearest to Harbourfront, designed by Daniel Libeskind, the architect behind Reflections at Keppel Bay.

    http://www.kepcorp.com/en/news_item.aspx?sid=3274

    http://www.heintges.com/project.php?...pel-bay-plot-3

  9. #909
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    Quote Originally Posted by earthling
    Yes, it will be a waterfront project of 367 high-end homes along the historic King's Dock, and nearest to Harbourfront, designed by Daniel Libeskind, the architect behind Reflections at Keppel Bay.

    http://www.kepcorp.com/en/news_item.aspx?sid=3274

    http://www.heintges.com/project.php?...pel-bay-plot-3
    completion date slated for 2013.

  10. #910
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    Default

    Developer still waiting for the right time to launch Plot 3?

  11. #911
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    131

    Default

    Sub Sales unit...
    29 Keppel Bay View #24-XX SVL 2,432 $7,000k $2,877psf Jul 28, 2012

  12. #912
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    Quote Originally Posted by East Coast Boy
    Sub Sales unit...
    29 Keppel Bay View #24-XX SVL 2,432 $7,000k $2,877psf Jul 28, 2012
    This buyer will jump to the roof when it hits over S$3000psf next month.

  13. #913
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    Always liked this project.

  14. #914
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    Default Still got 269 unsold units with developer : URA site

    No rush... if you like ..

    still got close to 269 unsold units with developer...

    as seen in latest available search from URA website.

    see attached gif from ura search as of today

  15. #915
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    Hi, understand there's a developer penalty for unsold units 2yrs after TOP?

    Does anyone know how much is the penalty and when does it kicks in?

    Wonder how this condo will be affected as it has top for close to a year now?

  16. #916
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    Quote Originally Posted by Heng
    No rush... if you like ..

    still got close to 269 unsold units with developer...

    as seen in latest available search from URA website.

    see attached gif from ura search as of today
    Waiting. Wats developing asking now?

  17. #917
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    13 more units sold by developer in sep at 1841psf median. there are still affordable units available from developer it seems?


    Quote Originally Posted by minority
    Waiting. Wats developing asking now?

  18. #918
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    Good to know. Will explore bur rentl is pretty weak now

  19. #919
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    Curious. Why would potential buyers buy this at say $1,8xx psf when there are more choices (subsale) in better locations? Share your thoughts?

  20. #920
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    靠山面海 .... is well sought by those who believe in fengshui?

    Fantastic seaview (to each his own) without noise pollution from ECP (unlike those in east coast)?

  21. #921
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    Quote Originally Posted by zeamybro
    靠山面海 .... is well sought by those who believe in fengshui?

    Fantastic seaview (to each his own) without noise pollution from ECP (unlike those in east coast)?
    Your next target bro?

  22. #922
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    Quote Originally Posted by zeamybro
    靠山面海 .... is well sought by those who believe in fengshui?

    Fantastic seaview (to each his own) without noise pollution from ECP (unlike those in east coast)?
    agreed. If not for the 99LH, these will be sold out at launch.
    You must go to the showroom to experience the real bay-side living especially the villas.

  23. #923
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    Quote Originally Posted by carbuncle
    Your next target bro?
    Oops haha, you can really read ppl's mind. But wondering if developer will lower the prices

  24. #924
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    Go to the keppel by the margina for dining and exprerience the marina.
    Quote Originally Posted by focus
    agreed. If not for the 99LH, these will be sold out at launch.
    You must go to the showroom to experience the real bay-side living especially the villas.

  25. #925
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    Quote Originally Posted by zeamybro
    Oops haha, you can really read ppl's mind. But wondering if developer will lower the prices
    buy up half a tower. sure no problem

  26. #926
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    Quote Originally Posted by carbuncle
    buy up half a tower. sure no problem
    Ya possible only in my dreams.

    But The Caribbeans was indeed my dream home many yrs ago when i was still an undergrad, but now no more.

  27. #927
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    Quote Originally Posted by zeamybro
    靠山面海 .... is well sought by those who believe in fengshui?

    Fantastic seaview (to each his own) without noise pollution from ECP (unlike those in east coast)?
    Went to Henderson wave last Sunday. From on birdge, this project looks so outstanding.

    Immediately chech guru the living hall looks so spacious!

    Still have so many unsold?

  28. #928
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    Quote Originally Posted by East Lover
    Went to Henderson wave last Sunday. From on birdge, this project looks so outstanding.

    Immediately chech guru the living hall looks so spacious!

    Still have so many unsold?
    I think easily 200-250 unsold units

  29. #929
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    Waiting for correction and fire sale here.

  30. #930
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    Quote Originally Posted by DC33_2008
    Waiting for correction and fire sale here.
    This project is the most unprofitable.. A lot of losses and lousy profits.
    But check out this guy.. Bought in 2012 and within 2 mths, sold at the 600k profit , annuallised is 180%!..lol.. the rest annualised ist <5%.





    And the unprofitable sales.. and counting... Almost all the transactions were those who bought IN YEAR 2007.

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