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Thread: Waterford Residence (D9, 999 year, Hoi Hup)

  1. #1
    yktan
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    Default Waterford Residence (D9, 999 year, Hoi Hup)

    Total is 118 units. On Saturday, it was over 40% sold. One buyer walked into the show suite in the morning and bought 25 units!

    Cheap: only $1,300 psf. But please avoid the temple facing and the Aspen Heights facing.

  2. #2
    yktan
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    It is next to Chinese temple on Kim Yam Road. Opposite Kim Yam Heights.

  3. #3
    bubble
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Quote Originally Posted by yktan
    It is next to Chinese temple on Kim Yam Road. Opposite Kim Yam Heights.
    In a normal market, projects such as these next to temple, along small congested road, and directly overlooking another property, will not sell for much because it will not be very popular. But now is a boom market, so prices are inflated. If you buy this, do not regret when market drops and other more desirable condos are available for less.

  4. #4
    yktan
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Quote Originally Posted by bubble
    In a normal market, projects such as these next to temple, along small congested road, and directly overlooking another property, will not sell for much because it will not be very popular. But now is a boom market, so prices are inflated. If you buy this, do not regret when market drops and other more desirable condos are available for less.
    Well D9 will always be expensive. So how much can you lose if you buy at $1,300psf?

  5. #5
    Unregistered
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Quote Originally Posted by yktan
    Well D9 will always be expensive. So how much can you lose if you buy at $1,300psf?
    Ardmore park dropped from high of $1,600 psf to $1,000 psf. This happened less than 10 years ago. How quickly people forget.

  6. #6
    in the know
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Waterford is selling out fast. won't be long before they are all gone. Honestly, it is not bad.

  7. #7
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Quote Originally Posted by yktan
    Total is 118 units. On Saturday, it was over 40% sold. One buyer walked into the show suite in the morning and bought 25 units!

    Cheap: only $1,300 psf. But please avoid the temple facing and the Aspen Heights facing.
    25 units

  8. #8
    hedgefund
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Quote Originally Posted by Madeira
    25 units
    for an institutional buyer, that is CHEAP

  9. #9
    ryan
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Hmm, Hoi Hup? Kim Yam Road? I'm not so sure about this...

  10. #10
    Unregistered
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Quote Originally Posted by ryan
    Hmm, Hoi Hup? Kim Yam Road? I'm not so sure about this...
    why not? Kim Yam Rd is prime area..

  11. #11
    Unregistered
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Location: Kim Yam Road (D 9)
    Tenure: 877 years (wef 1963)
    Site area: 49079 sqft
    Expected TOP: 2010
    Total units: 118 in 2 blocks of 10 storey flats Unit types:
    *Studio ~ 506 sqft (2 nos)
    *2+1 BR ~ 980-1087 sqft (44 nos)
    *3 BR ~ 1195- 1636 sqft (60 nos)
    *Penthouse ~ 1647-2196 sqft (12 nos)
    Price: from $1200 psf
    Remarks: One of the "lowest priced" projects in the area with high potential capital gains and an attractive 5% + 5% + 10% one year later deferred payment scheme available

  12. #12
    Unregistered
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    ALREADY MORE THAN 60% SOLD!

  13. #13
    Unregistered
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Why is this selling so slowly? Despite being one of the cheapest new launch in D9?

  14. #14
    Unregistered
    Guest

    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Any idea what's the latest take-up rate (%) for this development?

  15. #15
    water leak
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Agent keep pestering me to buy. Looks like not very popular?

  16. #16
    Unregistered
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    I think around 75% or more unit sold. Should do well when a new condo on the Far East Mansion site is launched by Centrepoint and the old Peranakan conservation houses (to the right) are developed into funky apartments by Capitaland.

  17. #17
    Unregistered
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    Default Re: Waterford Residence (D9, 999 year, Hoi Hup)

    Latest news: Waterford Residence is 100% sold. But soldflat is still available for viewing for only one more week....

  18. #18
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    Quote Originally Posted by Unregistered
    Latest news: Waterford Residence is 100% sold. But soldflat is still available for viewing for only one more week....
    I was looking through URA website for past transacted prices. it seems that this development is not even listed. i wonder if it means that there was no transactions at all. but shouldnt there is prices based on developer launch?

  19. #19
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    URA only shows transactions for past 12 months and there were no transactions for waterford in the past 12 months, that's why did not show up in the list.


    Quote Originally Posted by eng00701
    I was looking through URA website for past transacted prices. it seems that this development is not even listed. i wonder if it means that there was no transactions at all. but shouldnt there is prices based on developer launch?

  20. #20
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    Quote Originally Posted by bargain hunter
    URA only shows transactions for past 12 months and there were no transactions for waterford in the past 12 months, that's why did not show up in the list.
    hmm thanks. so there were no subsales at all after launch.

    i have 1 question about ura site. it seems that it does not provide all units sold? for example illuminaire is supposed to be fully sold yet there are only 15 records??
    many other developments also.

  21. #21
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    there may have been 1 or 2 in 2007 (soon after it was sold out) or early 2008 but i recall not too many subsales after the launch. URA caveats are lagging the actual sales. It could take as early as about 3 weeks ie soon after options are exercise to as late as 3 months, after the completion of the sale. Some people who did not take loan ie paid or going to pay normal progressive payment in cash may also not have their caveats lodged.



    Quote Originally Posted by eng00701
    hmm thanks. so there were no subsales at all after launch.

    i have 1 question about ura site. it seems that it does not provide all units sold? for example illuminaire is supposed to be fully sold yet there are only 15 records??
    many other developments also.

  22. #22
    F01 N54 Sheer Driving Pleasure Reporter's Avatar
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    Foreigners back in private home market
    Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China
    Joyce Teo
    The Straits Times
    Thursday, 5 November 2009


    New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter. -- Photo: Desmond Foo, ST

    Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China.

    New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter – above the 19.7% average since the start of 2000.

    Buyers from China have dislodged those from India for the No. 3 spot in the rankings this year with a contribution of nearly 15% of total foreign purchases. This puts China just behind Indonesia in the second spot and Malaysia at No. 1.

    In the past two years, India had been in third spot, but it has slipped to fourth.

    Last year, buyers from China had moved up to the No. 4 spot, dislodging buyers from Britain.

    Buyers from Myanmar featured more strongly, coming in at No. 8. They did not make it to the top 10 last year, and were 10th in 2007.

    In the July to September period, foreign buyers – including permanent residents – lodged 2,448 private home caveats, a key step to buying a home.

    This is up from 1,807 caveats in the second quarter and just 498 in the first, according to data compiled by Savills.

    In all, permanent residents bought 1,389 homes in the third quarter.

    DTZ said its preliminary data for the third quarter showed that foreigners accounted for about 25% of total sales, compared with about 33% during the boom of 2007.

    The most popular project sought by foreigners was Sophia Residence, a project launched in July. Then came Caribbean at Keppel Bay, Ascentia Sky, One Devonshire and Viva.

    Permanent residents preferred Melville Park, a 99-year leasehold condominium in Simei, the recently launched Trevista, followed by Caribbean at Keppel Bay.

    About 54% of the purchases by China buyers were for resale homes, said DTZ head of South-east Asia research Chua Chor Hoon.

    Like Malaysian buyers, buyers from China tend to prefer homes priced between $500,000 and $1 million.

    One-fifth of them bought homes costing $1.5 million to as much as $5 million.

    Indonesians, however, tended to go for higher priced projects, particularly those priced $1.5 million to $5 million.

    They like properties located at Novena, River Valley and the Singapore River.

    They had been the biggest group of foreign buyers, taking first place from 2004 to 2007, only to lose the spot to Malaysia during the recent economic crisis, said Ms Christine Sun, Savills Singapore’s senior research & consultancy manager.

    The latest figures featured a substantial rise in the number of foreign transactions for higher-priced properties.

    A total of 86 properties priced above $5 million were sold in the quarter, up from 27 in the second and a mere six in the first.

    Also, there was a 60% rise in deals for projects costing between $1.5 million and $5 million. Demand from foreigners for mass market homes was little changed from the second quarter.

    Savills said recent data showed that foreigners who are not permanent residents tend to buy more pricey projects.

    This group was also more likely to buy homes in prime districts than permanent residents, said Ms Sun. ‘We are hearing that more of these super-rich mainland Chinese buyers have come in recent weeks to buy prime properties like the bungalows in Sentosa Cove.’

    But the big influx of foreigners to the luxury market in the 2006-2007 boom has not quite returned, consultants said.

    Still, support from regional buyers could rise further. Jones Lang LaSalle’s head of residential, Ms Jacqueline Wong, said the firm has had rising interest from new potential buyers from India, China and Russia in the past four months.

    ‘We are one of the places they are considering. They see Singapore as a safe haven,’ said Ms Wong.

    A senior private banker at a foreign bank said: ‘We are seeing some clients consider buying a Singapore property as one of a string of homes they have around the world. Luxury homes have come down 30% from the peak, so they are better value now.’

    DTZ’s Ms Chua said foreign buyers see the growing attraction of Singapore as a global city and expect prices to keep rising as the economy strengthens.

    ‘Prices of prime and luxurious units have not reached 2007 levels and there is still the potential of capital appreciation depending on the rate of economic recovery,’ she said.


  23. #23
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    hmm...you said you would drop subtle hints, does this mean you are going to buy waterford later today?

    Quote Originally Posted by Reporter

    Foreigners back in private home market
    Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China
    Joyce Teo
    The Straits Times
    Thursday, 5 November 2009


    New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter. -- Photo: Desmond Foo, ST

    Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China.

    New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter – above the 19.7% average since the start of 2000.

    Buyers from China have dislodged those from India for the No. 3 spot in the rankings this year with a contribution of nearly 15% of total foreign purchases. This puts China just behind Indonesia in the second spot and Malaysia at No. 1.

    In the past two years, India had been in third spot, but it has slipped to fourth.

    Last year, buyers from China had moved up to the No. 4 spot, dislodging buyers from Britain.

    Buyers from Myanmar featured more strongly, coming in at No. 8. They did not make it to the top 10 last year, and were 10th in 2007.

    In the July to September period, foreign buyers – including permanent residents – lodged 2,448 private home caveats, a key step to buying a home.

    This is up from 1,807 caveats in the second quarter and just 498 in the first, according to data compiled by Savills.

    In all, permanent residents bought 1,389 homes in the third quarter.

    DTZ said its preliminary data for the third quarter showed that foreigners accounted for about 25% of total sales, compared with about 33% during the boom of 2007.

    The most popular project sought by foreigners was Sophia Residence, a project launched in July. Then came Caribbean at Keppel Bay, Ascentia Sky, One Devonshire and Viva.

    Permanent residents preferred Melville Park, a 99-year leasehold condominium in Simei, the recently launched Trevista, followed by Caribbean at Keppel Bay.

    About 54% of the purchases by China buyers were for resale homes, said DTZ head of South-east Asia research Chua Chor Hoon.

    Like Malaysian buyers, buyers from China tend to prefer homes priced between $500,000 and $1 million.

    One-fifth of them bought homes costing $1.5 million to as much as $5 million.

    Indonesians, however, tended to go for higher priced projects, particularly those priced $1.5 million to $5 million.

    They like properties located at Novena, River Valley and the Singapore River.

    They had been the biggest group of foreign buyers, taking first place from 2004 to 2007, only to lose the spot to Malaysia during the recent economic crisis, said Ms Christine Sun, Savills Singapore’s senior research & consultancy manager.

    The latest figures featured a substantial rise in the number of foreign transactions for higher-priced properties.

    A total of 86 properties priced above $5 million were sold in the quarter, up from 27 in the second and a mere six in the first.

    Also, there was a 60% rise in deals for projects costing between $1.5 million and $5 million. Demand from foreigners for mass market homes was little changed from the second quarter.

    Savills said recent data showed that foreigners who are not permanent residents tend to buy more pricey projects.

    This group was also more likely to buy homes in prime districts than permanent residents, said Ms Sun. ‘We are hearing that more of these super-rich mainland Chinese buyers have come in recent weeks to buy prime properties like the bungalows in Sentosa Cove.’

    But the big influx of foreigners to the luxury market in the 2006-2007 boom has not quite returned, consultants said.

    Still, support from regional buyers could rise further. Jones Lang LaSalle’s head of residential, Ms Jacqueline Wong, said the firm has had rising interest from new potential buyers from India, China and Russia in the past four months.

    ‘We are one of the places they are considering. They see Singapore as a safe haven,’ said Ms Wong.

    A senior private banker at a foreign bank said: ‘We are seeing some clients consider buying a Singapore property as one of a string of homes they have around the world. Luxury homes have come down 30% from the peak, so they are better value now.’

    DTZ’s Ms Chua said foreign buyers see the growing attraction of Singapore as a global city and expect prices to keep rising as the economy strengthens.

    ‘Prices of prime and luxurious units have not reached 2007 levels and there is still the potential of capital appreciation depending on the rate of economic recovery,’ she said.


  24. #24
    F01 N54 Sheer Driving Pleasure Reporter's Avatar
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    Quote Originally Posted by bargain hunter
    hmm...you said you would drop subtle hints, does this mean you are going to buy waterford later today?
    ... done already ... but not Waterford ...

    ... I shy lah ...

  25. #25
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    say lah, you have made everyone so curious under the "which property will you invest..." thread. don't worry, we will support you. at least we promise to try not to say anything bad about what you have bought.

    Quote Originally Posted by Reporter
    ... done already ... but not Waterford ...

    ... I shy lah ...

  26. #26
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    Quote Originally Posted by bargain hunter
    hmm...you said you would drop subtle hints, does this mean you are going to buy waterford later today?
    How to buy waterford. Launch price quite high too.

  27. #27
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    Quote Originally Posted by eng00701
    hmm thanks. so there were no subsales at all after launch.

    i have 1 question about ura site. it seems that it does not provide all units sold? for example illuminaire is supposed to be fully sold yet there are only 15 records??
    many other developments also.
    I wonder who bought that last unit of Waterford Residence in June 2007?

    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of June 2007

    Project Name ........ Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Waterford Residence . CCR ........ 118 .......................... 1 ...............................
    1,372 ............. 1,372 ............ 1,372

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