yeah lah, was telling him in waterford thread that he has gotten many of us curious.
Originally Posted by Property_Owner
yeah lah, was telling him in waterford thread that he has gotten many of us curious.
Originally Posted by Property_Owner
Which one he buy? Did I miss the post?
Originally Posted by bargain hunter
Actually the way this forum is structured means Reporter done the right thing. If you are only interested in a particular development and the general news affects multiple developments in the same area, Reporter has no choice but to post it on multiple developments.Originally Posted by patricia
Not sure if there is another way when you can comment on news but relevant for a particular development
he hasn't said. Only clues are its in D9, not mickey mouse and possibly above 1,000sq ft in size.
Originally Posted by teddybear
was guessing him on D10, but the clue he gave on 9 makes me more curiousOriginally Posted by bargain hunter
yeah, reporter should give us more clues 1 by 1 until one of us gets it right, the game will be hotter than the mcdonald's one LOL!
Originally Posted by pearly
New or resale? If resale then difficult to guess.
Originally Posted by bargain hunter
Record $653,000 for flat
Jessica Cheam
The Straits Times
Thursday, 12 November 2009, 10.12 pm
Chris Neo (left) and Kelvin Lim (right), seller of the flat Michael Nandakumaran (center), with sold a HDB flat at Blk 48, Strathmore Avenue for a record price of $653k. -- Photo: Desmond Lim, ST
A 4-room Queenstown HDB flat has sold for $653,000, setting a new record for psf, amid continuing red-hot demand for resale flats.
The buyers, a male Indonesian permanent resident and a Singaporean woman, could have bought a condominium unit in an outlying area for the price.
But they were won over by the location, just five minutes walk from Queenstown MRT station, and on the top, 40th floor of the block, with unblocked views of greenery from all windows.
The 4-year-old 969sqft unit at Forfar Heights, Strathmore Avenue, sold for $68,000 above valuation - a level determined by an independent valuer.
This works out to $674 psf, smashing the previous record of $609 psf, achieved in January last year, by about 10%.
This may be an unusually high price but resale prices have been moving up.
even if you remove the COV, it still works out to be $585k just based on valuations alone.....affordable???
Originally Posted by Reporter
Very affordable if you realise that at this price u couldnt get a penthouse condo unit in that area the most u get is a MM or 1/2 a MM unit.Originally Posted by xtink
[.....affordable???
[/quote]
very subjective????
Wow!Originally Posted by URA
Ascentia Sky has set a new high of $1,477 psf in October!
Unbelievable!
ascend to the sky......... but looking at the past records, it is actually not surprising coz this one seems to be the small 2bedder, high floor unit. Maybe the owner really wants to ascend to the skyOriginally Posted by Reporter
Can't break November's new high of $1,477 psf.Originally Posted by URA
this seems to sell rather slow, doesnt it ??
Asking for 2 bedder now 1280 psf from developer, guess low floor (dont have the details yet)
wow, at this price, can get a decent unit in the CBD already...Originally Posted by Reporter
strangely, this project seems quiet... wonder why the developer is not actively promoting it... fully sold?
whoever buys at this price can do only 1 thing : get a rich husband or strike Toto
downside unlimited, upside limited
If a project in D19 OCR can do $1,333 psf, surely $1,477 psf is not too much for Ascentia Sky in D3 RCR right?Originally Posted by NoodyGirl, 4 April 2010 7.33 pm
If a project in D5 OCR can do $1,332 psf, surely $1,477 psf is not too much for Ascentia Sky in D3 RCR right?
How can RCR be the same as OCR right?
Originally Posted by Reporter, New project @ D19 Serangoon, 15 March 2010 2.57 pmOriginally Posted by Reporter, The Vision, 30 March 2010 1.44 pm
Originally Posted by Reporter
That is because this project is in Redhill. Why should i pay $1477 when i can get Metropolitan at $1000-1100 somemore nearer to MRT and i can move in immediately or to rent out to collect rental income instead of waiting for 3 years
It is not just D3 Ascentia Sky that has a cheaper-but-older alternative. D19 Residences Botanique has Kovan Melody while D5 The Vision has Blue Horizon.Originally Posted by cher, 4 April 2010 10.20 pm
It depends on what you are trying to compare? New RCR vs old RCR? New RCR vs new OCR?
If you compare new RCR with old RCR, then go ahead and buy almost-1-year-old The Metropolitan as it is cheaper.
Wrong. Properties should be downside limited, upside unlimited.Originally Posted by NoodyGirl
Although some members here are quite tired of my news clippings, I have to bring them up now and then to correct wrong statements.
What is the downside limit of Mr. Mootiah Chitty's $8,200 (or $1.13 psf) investment? $8,200.
What is the upside? Unlimited!
Shanghai One is today transacted at $1,260 psf (based on condo floor area, not land area). Assuming developer margin of $200 psf and construction cost of $300 psf, the land cost is $760 psf ppr or $760 psf ppr x 2.8 plot ratio = $2,128 psf of land cost.
From $1.13 psf in 1920 to $2,128 psf in 2010 is an increase of 188,218% in 90 years. Applying the same rate of increase to Ascentia Sky, in another 90 years (2100), the price of Ascentia Sky will be $2.37 million psf, or $2.37 billion for a 1,000 sq ft apartment. That's why it is called "Ascentia Sky"!
Deduct 10% due to the fact that it's on 99-years lease and a differential lease premium has to be paid to the Government to approve its future en bloc sale, it will be worth about $2.1 billion per apartment (one apartment is equal to the 6th richest man in Singapore today, Zhong Sheng Jian, Chairman of Yanlord Land).
“The modern banking process manufactures currency out of nothing.”.
- Lord Josiah Stamp, Former Director of the Bank of England (1937)
“At the end fiat money returns to its inner value—zero.”
- Voltaire (21 November 1694 – 30 May 1778)
Now that The Metropolitan is back at $1,3xx psf, we know you would consider Ascentia Sky cheap at $1,477 psf.Originally Posted by Reporter, 4 April 2010 10.31 pm
Originally Posted by Reporter, The Metropolitan Condo, 9 April 2010 4.00 pm
The seller must be laughing all the way to the bank ... such good price. Wonder will phase 2 of Ascentia Sky be pricing even higher given such market sentiment...Originally Posted by Reporter
If Wing Tai choose to keep the Ascentia-Sky's current price, which is about the same as The-Metropolitan-Condo's current price, then the buyers will be laughing all the way to the bank.Originally Posted by wklibran, 11 April 2010 12.25 am
Does anyone know when is the phase 2 launching? I will like to take a second look, given the rocket launch prices by some other development else where are not as good as this in terms of location and furnishing.Originally Posted by Reporter
i remember how the forumers here were criticising 1200psf as being ridiculous for this project, now people are starting to find that reasonable...
yap, those were the days... now anything below $1k seems so remote and faraway....Originally Posted by Regulators
$1,580 psf? A nëw hïgh for Ascentia Sky? Wow!Originally Posted by ayanami, SkyscraperCity-Ascentia Sky, 8 May 2010 5.15 pm
Noticed soil testing being carried out on the empty plot of land beside Ascentia Sky. Possible upcoming land sale?
wonder is it for residential or commerical land sale?Originally Posted by zimmer