My contact 98738540Originally Posted by Unregistered
My contact 98738540Originally Posted by Unregistered
a lot depends on the floor.. which unit type etc. may i know what kinda psf you paid? and when did u buy it?Originally Posted by Unregistered
It is on the 8th floor, I paid 495 psf for itOriginally Posted by camelot
Are you interested?
Bought a unit at mid floor, living room facing pool and rms facing deck garden.. intend to stay but prepare to let go at a good price..any takers?
Is this a 4, 3 or 3+1 unit?Originally Posted by Unregistered
How much how you asking?
Bought only a few weeks back..hence price on the high side. it is 3 bedrooms unit..anyone can advise what is the fair value today?
There is no such thing as fair value.Originally Posted by Unregistered
Who would have guessed someone is willing to pay 650 psf to get a second floor 3+1 pool facing unit from developer this week. Developer only asked for 525 psf for the unit in mid Feb
As long as someone is willing to pay for whatever reason, that is the fair value
any idea how long does it usually take for a condo to TOP (from 50% completion)?
Nah!... not for me. I already hv a high floor unit facing the greenery on the side... can't wait to move in.Originally Posted by Unregistered
You must hv bot later coz I remember the high units facing the rail were going for abt $460psf thrabts when they were first launched. You should be able to ask for ~$580psf today.
Originally Posted by camelot
You guys are a bunch of jokers...I was initially interested in a unit in Raintree... but after looking at the ridiculous prices sellers are asking for... I'm walking away...Seriously, I'm sure you guys who've been to the army will definately enjoy the mosquitoes every evening at last light...hahaha
Take heed , any of you thinking of jumping into a property commitment in this "frenzy buying" environment espeicially 99year projects....the last time this kind of panic illogical buying happened was in 1995/6...and prices stayed down for a good 11-12 years!!!
The only way these prices are sustainable is only when the Singapore population gets to the Hong Kong levels.....7-8 million.... (inclusive expats)
Otherwise, with every conglomerate jumping in... oversupply... what the hell does IRs have to do with Raintree hahaha... Tg Rhu ...yes! East Coast ...Yes!
west Coast.....Maybe.....Bukit Timah....nah!!! long shot for a bunch of optimist! happy dreaming... A lot of high prices.... don't see no takers.
Thank god,Originally Posted by Unregistered
I certainly will not appreciate to have you as neighbour
Hahahahaha...................That guy sounds like a sour grape who has missed the boat.
let's just enjoy the property ride when it going up, whether got IR hype or not, a lot of hot $$ coming into s'pore's stock and property mkt, so naturally prices in the broader mkt will trend up
Even sleezy joo chiat prices have gone up (close to $700psf); over at Telok Kurau Lor M, heard got another smallish development launching soon at $950psf (!!??!!). My friend had just bought a unit around there last month at $680psf
Gardenvista most recent transaction in URA in Mar 07: $1240000 for 1346 sqft at S$921psf
Raintree last unit sold by developer in Mar 07: $872 000 for 1335 sqft at S$653psf
Can Gardenvista's location be compared with RT's?
Gardenvista is right in the middle of road junction wheras RT nestled right next to the nature reserve.
Which is a better buy? Which is a steal? Come TOP, Will RT stay at $650psf or will it beat Gardenvista?
Let's wait and see.... HeeeHeeeHeee
Raintree 3+1 BR's price jump from $530psf to $650psf from early Feb07 to mid April 07 in less than 2 months time....
A price increase of 23% in less than 2 months..... Is this not enough to show there is potential for RT?
It is indeed peanuts if you compare most market condos to carribean, it went from 760 last year to 1200-1500, even just last month, it was near 1000 only,Originally Posted by Unregistered
I guess, once you pass a 1000 psf, the condo will no longer be labelled as mass market project, at least for now
I wish I bought one unit at carribean for investment last year
Of course i will buy Raintree lah! Goes without saying. Even if same price $psf i will also choose Raintree!
Why?
The location and the whole concept of Raintree is unique in whole of Singapore. The whole concept is based on the rain forest, nature, and BKT hill. No one can take it away from you, and no one can emulate you. Unless they start building condo inside McRitchie/Pierce reservoir. Unlikely.
Garden vista is just like any other suburban condo with cheapo and corny gimmicks.
For both, traveling time to the CBD is about the same give and take 2 mins.
Live within nature, still in Bukit Timah, and only 10 mins to the city. Nowhere else in Singapore can you get that. They can try doing that in Woodlands, Sembawang or Mandai but that will be very very very far from city.
To conclude, in terms of concept (thankfully not in price - yet) Raintree is just like Tanjong Rhu or Marina Bay or Sentosa Cove. Where the others emphasize water, we emphasize the rain forest. The key similarities here are: UNIQUE and NATURAL.
Originally Posted by Unregistered
Raintree sellers, beware of this young buyer interested in raintree.
He gave me a 1% cheque as deposit to buy my property but stopped the cheque the next day giving some crap excuse that his wife has not seen the property and refuse to talk or see the agent to get the option form after that.
I believed that 1% of the agreed sales price is a sum of money. Do seek legal advice (your agent should be able to refer) to recover this amount for fustrating the agreement after the agreed conditions' time has lapsed.
As long as option not signed, you can still market your property to other interested buyers. Don't waste time. Don't worry, he is not the only interested buyer. There are many.Originally Posted by Unregistered
not worried, actually I don mind staying in raintree, cos it is such a nice place, just don like the behaviour of that nasty buyer, may sue him for the deposit just to teach him a lesson.
this isn't construed as a legal agreement until you sign a definitive contract with him, it works both ways, u could accept his cheque then later reject it n take another buyer's chequeOriginally Posted by Unregistered
That's exactly what happen to my contact who passed agent a cheque as deposit to buy a property, but the owner held on and accepted another buyer who paid slightly more couple of days later
Isn't it a legal agreement? I received his cheque and signed the option to purchase form. What I understand was, even if he doesn't want the apartment anymore, he can chose not to exercise the option and I can forfeit the 1% deposit. How can he just stopped the cheque the next day? Please advice.
did you sign an option with him tho?Originally Posted by Unregistered
Oh you mean he also signed the option form? Has to be you and him both sign then the option is binding. If both of you sign, then if 14 days (or whatever time period agreed in the option) he doesn't exercise the option (ie:- pay up the remaining 4%), then he forfeits the option money and you can cash it.Originally Posted by Unregistered
U certainly hv a case against him. SUE!!!Originally Posted by Unregistered
Buyer don't have to sign the option to purchase on the onset. If you remember when you purchase the Raintree, FCL would have given you an option to purchase, and you give them a non-refundable deposit of 5% of purchase price (only 75% refundable). When the buyer signs on the option to purchase, he is exercising his option to purchase, which will then seal the entire S&P transaction.
The intention to purchase is evidenced by the issuance of cheque by the buyer, hence the forfeiture of deposit will be based on the issuance of the cheque from the buyer as well as issuance of option to purchase from the seller (note that buyer do not have to sign anything at this point).
I think in this case no option to purchase was issued by the seller and the buyer also did not take any legal recourse.Originally Posted by Unregistered