I will buy rivergate and the sail

[cartman]

Ha ha ha, the answer to your first question is very simple! - Not every bank is like some banks in USA by extending loan to any Tom, Dick & Harry. Therefore, some banks are willing to except higher risks to get their new deal while others don't and hence are asking for top-up and prepared to lose this perceived "risky" deal.

As regards to the second issue you raised on "why buy if prices are definitely going down? at times like these, only property agents, developers are asking you to buy...even bankers have advised customers not to buy", it is irrelevant to our discussion on "top-up". However, for curosity, may I ask how do you know the property prices are definitely going down? It is amazing that you can make such a strong and confident statement! Are you god? Only god will be so confident to say whether the property price will surely go up or go down in future. Now, who is the one really trying to mislead?

your first point is utter rubbish as those examples cited already had existing bank loans which they were servicing before being asked to topup. for sure, those banks which extended them those loans when valuations were higher did not think they were any tom dick and harry

the second point was meant to ruffle your feathers and it worked since you like to spread misinformation to mislead others into taking any loan without due consideration to future changes.

anyway, its true that bankers from 3 different banks had told me not to buy any property this year although they know from the idle deposits i have with them that i can easily pay for the property without any loan. one banker from a local bank did say that one should buy property anytime if one can afford it - sounds like the govt asking you to spend so that country can claw itself out of recession

to be fair, its possible they are saying that so that i can invest the idle funds with them

[cartman]

Can't even disclose whether its local banks or foreign banks?

it really shouldnt matter as there will always be some which are local banks and others which are foreign banks. just try to borrow within one's means and not overstretch.

[teddybear]

The reply to your rubbish reply is that it doesn't really matter whether they have existing loans or not. They may have been too lax previously and already loaning to the Tom, Dick & Harry but decided later to tighten their criteria.

I don't understand what you mean by the misinformation you are allegating that I am spreading. What misinformation?

There could be many reasons but the bankers having seen so many rich people before probably think your sum with them is really chicken-feed and ask you better don't risk your coffin money by taking the risks although it is always the case that only with risks than you can get better return. There is no such thing as "free lunch".

your first point is utter rubbish as those examples cited already had existing bank loans which they were servicing before being asked to topup. for sure, those banks which extended them those loans when valuations were higher did not think they were any tom dick and harry

the second point was meant to ruffle your feathers and it worked since you like to spread misinformation to mislead others into taking any loan without due consideration to future changes.

anyway, its true that bankers from 3 different banks had told me not to buy any property this year although they know from the idle deposits i have with them that i can easily pay for the property without any loan. one banker from a local bank did say that one should buy property anytime if one can afford it - sounds like the govt asking you to spend so that country can claw itself out of recession

to be fair, its possible they are saying that so that i can invest the idle funds with them

[cartman]

The reply to your rubbish reply is that it doesn't really matter whether they have existing loans or not. They may have been too lax previously and already loaning to the Tom, Dick & Harry but decided later to tighten their criteria.

I don't understand what you mean by the misinformation you are allegating that I am spreading. What misinformation?

There could be many reasons but the bankers having seen so many rich people before probably think your sum with them is really chicken-feed and ask you better don't risk your coffin money by taking the risks although it is always the case that only with risks than you can get better return. There is no such thing as "free lunch".

lol allegating?

better keep your own coffin money safe

[gfoo]

Collected my keys yesterday at the lawyers, and she said that yes - topups are happening and that there are many cases at her firm. here are some of the common characteristics of the topup cases at her firm:

- bought at high in 2007/2008
- mostly $2m and above
- TOP not till end 2009 or later. this affects disbursement.
- banks are not 'asking for TOP ups' per se - they are just refusing to disburse the rest after re-valuation

She said it doesn't matter what the profile of the customer is. As long as the gap between valuation and purchase price is too great, the bank can likely withhold disbursement.

She also said that once 100% disbursed and good repayment schedule, 'you'll be quite safe'

[teddybear]

Thanks for the valuable information. This again is in line with what I was told: "As long as you pay your instalment promptly, the bank will not request for top-up even if valuation falls below loan quantum". (Need to quantify that this is for 100% disinbursed case).

Not sure why some people are still spreading rumour that "banks will ask for top-up if valuation falls below loan quantum"? There may be hidden agenda? Just like in some forum, people are saying that prime luxury property prices will fall to $400 psf and keep asking people don't buy property until property prices fall to $400 psf blah blah blah. They are hoping that nobody will buy property so that the price will collapse for them to buy cheap cheap?

Collected my keys yesterday at the lawyers, and she said that yes - topups are happening and that there are many cases at her firm. here are some of the common characteristics of the topup cases at her firm:

- bought at high in 2007/2008
- mostly $2m and above
- TOP not till end 2009 or later. this affects disbursement.
- banks are not 'asking for TOP ups' per se - they are just refusing to disburse the rest after re-valuation

She said it doesn't matter what the profile of the customer is. As long as the gap between valuation and purchase price is too great, the bank can likely withhold disbursement.

She also said that once 100% disbursed and good repayment schedule, 'you'll be quite safe'

[gfoo]

She might be referring to my case where i bought close to launch price, that's why 'should be safe' (coz mathematically due to deposit, i have 30% devaluation to go before a topup is necessary). i can't say the same for those who bought 07/08 and are now staring at 20-30% valuation declines.

Thanks for the valuable information. This again is in line with what I was told: "As long as you pay your instalment promptly, the bank will not request for top-up even if valuation falls below loan quantum". (Need to quantify that this is for 100% disinbursed case).

Not sure why some people are still spreading rumour that "banks will ask for top-up if valuation falls below loan quantum"? There may be hidden agenda? Just like in some forum, people are saying that prime luxury property prices will fall to $400 psf and keep asking people don't buy property until property prices fall to $400 psf blah blah blah. They are hoping that nobody will buy property so that the price will collapse for them to buy cheap cheap?

[new2mondrian]

Anyone of you saw the advert on last Sat's papers? Rivergate 2-bedder (1055sqft) asking for $985k cos owner is migrating. This works out to abt $930psf as being the owner's ASKING price.

Since there are so many Rivergate owners here, anyone bagged this deal? Very curious as to how much it was eventually sold for.

[new2mondrian]

Anyone of you saw the advert on last Sat's papers? Rivergate 2-bedder (1055sqft) asking for $985k cos owner is migrating. This works out to abt $930psf as being the owner's ASKING price.

Since there are so many Rivergate owners here, anyone bagged this deal? Very curious as to how much it was eventually sold for.

Oops... not "owners", BUT aspiring-owners. heheheee....

[proud owner]

Oops... not "owners", BUT aspiring-owners. heheheee....

so many people here say they WILL BUY RG .. and that 1000 is already a DAMN good price ... if at 933 psf i am sure it has been sold ....

or has it not ?

[august]

so many people here say they WILL BUY RG .. and that 1000 is already a DAMN good price ... if at 933 psf i am sure it has been sold ....

or has it not ?

930psf? Any agents can PM me, interested ~

[new2mondrian]

930psf? Any agents can PM me, interested ~

I think the unit was sold. not sure though. I still have the agent contacts in my hp. wanted to call on Sunday but forgot all abt it till now.

but anyway, hubby and I am not interested. rather invest the funds in other instruments than property. For those interested, here are the agent's contacts: 9122-8535. Cannot remember the name though.

[proud owner]

930psf? Any agents can PM me, interested ~

someone 'heard/saw' in paper that a 2 bedder going at around 933 psf owner migrating wo ... ?


strange that got such thing but NOT a single agent in this forum commented ...

[proud owner]

someone 'heard/saw' in paper that a 2 bedder going at around 933 psf owner migrating wo ... ?


strange that got such thing but NOT a single agent in this forum commented ...

becos the RG agents have more seller on hand than buyers ?

so when theres a 933 psf unit on sale ..all agents disappeared ? becos cannot explain to the exclusive rights seller clients ?

[new2mondrian]

someone 'heard/saw' in paper that a 2 bedder going at around 933 psf owner migrating wo ... ?


strange that got such thing but NOT a single agent in this forum commented ...

If u are interested, the advert was in Sat's 11 Apr Classifieds, under district 9,10 private apts for sale section. Hence shd be pretty easy to find.

The hp number attached at the end of the advert was what I posted above. The listing did not mention whether it was the owner or the agent advertising. Go take a look yourself. But agree that the price is very attractive.

I am just curious as to how much that unit was eventually sold for. Anyone knows, plse let me know. Thanks in advance!

[qwertyuiop]

Saw that listing too. >28 floor. Honestly, that price is too good to be true. It's not even difficult to find buyers if they listed it at 1.1mil. But anyways, I have a feeling that this is a hoax as nobody answers that line since saturday, or maybe it had been sold

If u are interested, the advert was in Sat's 11 Apr Classifieds, under district 9,10 private apts for sale section. Hence shd be pretty easy to find.

The hp number attached at the end of the advert was what I posted above. The listing did not mention whether it was the owner or the agent advertising. Go take a look yourself. But agree that the price is very attractive.

I am just curious as to how much that unit was eventually sold for. Anyone knows, plse let me know. Thanks in advance!

[cartman]

tried calling but no reply think posted in error. maybe left out a 1 in front or a potential buyer trying to shake the sellers...doesn't cost much to post the advert.

[spetnez]

I wish to purchase a unit at RG or watermark @ $1000 psf for own stay but was told by agents price is unrealistic. But I think River Valley area will soon be swamped with condos in the next 2 years so prices should stabilise or drop. TOP in 2009 and 2010 are Tribeca, One Jervois, The Inspira, Trillium... Saw one unit of watermark sold for $736 psf (1711 sqft unit sold for $1.26 mil) in March on URA website. Is RG really selling like hot cakes, like what the agents claim? Am very confused... How to buy with prices climbing again?

[kalumder]

I am waiting to see the caveats lodged for rivergate in April. people can make lots of claims without backing up the information

[Acer]

I am waiting to see the caveats lodged for rivergate in April. people can make lots of claims without backing up the information

just for Mar 09

Project Name Street Name Type No. of Units Price($) Land/
Floor Area (Sqft) Unit Price ($psf) Date of Option Exercised / Sales Agreement Signed

RIVERGATE ROBERTSON QUAY Apartment 1 1,854,495 1,539 1,205 Mar-09
RIVERGATE ROBERTSON QUAY Apartment 1 2,118,000 1,496 1,416 Mar-09
RIVERGATE ROBERTSON QUAY Apartment 1 1,967,650 1,711 1,150 Mar-09
RIVERGATE ROBERTSON QUAY Apartment 1 1,239,600 1,033 1,200 Mar-09
RIVERGATE ROBERTSON QUAY Apartment 1 1,250,000 1,033 1,210 Mar-09

[DW]

just for Mar 09

Project Name Street Name Type No. of Units Price($) Land/
Floor Area (Sqft) Unit Price ($psf) Date of Option Exercised / Sales Agreement Signed

RIVERGATE ROBERTSON QUAY Apartment 1 1,854,495 1,539 1,205 Mar-09
RIVERGATE ROBERTSON QUAY Apartment 1 2,118,000 1,496 1,416 Mar-09
RIVERGATE ROBERTSON QUAY Apartment 1 1,967,650 1,711 1,150 Mar-09
RIVERGATE ROBERTSON QUAY Apartment 1 1,239,600 1,033 1,200 Mar-09
RIVERGATE ROBERTSON QUAY Apartment 1 1,250,000 1,033 1,210 Mar-09

I wonder if any guidance can be given on the nature of the caveats above. Are these caveats reflective of sub-sale transactions that was done in March 2009 ? Or, are these transactions an ordered filing of the caveat (so as to secure the bank's security interest as part of the loan (disbursement) process) as part of a bank's financial accomodation for the original buyers (launch purchases) loan drawdown now ??

[blackswan]

any agent bro here can enlighten me how come there's always quite some discrepancy between the data from SISV-Realink and URA data?

[kalumder]

I have seen caveats lodged for other properties in April, but none for Rivergate yet in this month. Interesting, I guess resale demand for Rivergate is pretty low at current prices.

Where are all the sales that supposedly happened?

[Reporter]

Why not Skyline 360° @ St Thomas Walk?

Skyline 360° @ St Thomas Walk
68 St Thomas Walk
Singapore 238142



Most sought-after District-9 location:
- 36 Storey Freehold Development
- 2 Unit Per Level With Private Lift
- Minutes To Orchard Road and CBD
- Walk To Somerset MRT Station
- Near Supermaket / Eateries / Restaurant

61 luxurious units:
- 3 Bedroom: 1733 sqft (from $1,630 psf)
- 4 Bedroom: 2131 sqft (from $1,720 psf)
- 5 Bedroom Single Level Penthouse: 3929/4015 sqft (up to $2,100 psf)

Pleasurable Facilities:
- 34m Lap Pool
- Roof Garden
- Waterfall Feature partition Gymasium room
- Hydro Therapy Pool
- Aqua Gym
- Club House (with Kitchenette), BBQ & Outdoor Dinner pavilion
- Sun Tanning Deck
- Steam Rooms
- Water Feature & landscape
- Eco Biological Pond
- Basement Car park

Citigold is pleased to invite our clients to the launch event of the Skyline 360° at St. Thomas Walk.

Located at one of the most sought after locations in District 9, this is a development targeted at discerning purchasers. Designed to provide maximum visual impact, each unit allows a fascinating view of the city. Walking distance to Orchard Road and Somerset, it offers residents an urban lifestyle that is unmatched.

Event Details:
Date : . Tuesday, 20 October 2009
Time : . 6.30pm to 8.30pm
Venue: HSR Building
........... 3 Lorong 6 Toa Payoh
........... #01-01 Singapore 319378

[xebay11]

Why not Skyline 360° @ St Thomas Walk?

The bigger the area the higher the PSF?

[bargain hunter]

i think that's because the 3 bedder is unusually large even for a luxury 3 bedder while the 4 bedder is ok sized for a luxury 4 bedder.

The bigger the area the higher the PSF?

[august]

the lap pool only 34m ah ???

[bargain hunter]

checked out the area yesterday. its a small site beside the upcoming mother of all studios, the 237 unit Espada. that area is going to be one congested concrete jungle supported by 2 single lane roads. in future, Espada, St Thomas Suites and Skyline 360 will all use this road. Not to forget older condos like Grange Heights and Sam Kiang Mansion and other boutique condos. Go out to Kiliney Road, more single lane traffic with One Devonshire and Residences at Kiliney.

Skyline 360 named for its 360 degree view is not very apt it seems. In its view you will see Skypark, Espada, One Devonshire and in future Bukit Sembawang's en-bloc, Airview Towers.

the lap pool only 34m ah ???

[Reporter]

Why not Skyline 360° @ St Thomas Walk?

Citigold is pleased to invite our clients to the launch event of the Skyline 360° at St. Thomas Walk.

Located at one of the most sought after locations in District 9, this is a development targeted at discerning purchasers. Designed to provide maximum visual impact, each unit allows a fascinating view of the city. Walking distance to Orchard Road and Somerset, it offers residents an urban lifestyle that is unmatched.

Event Details:
Date : . Tuesday, 20 October 2009
Time : . 6.30pm to 8.30pm
Venue: HSR Building
........... 3 Lorong 6 Toa Payoh
........... #01-01 Singapore 319378

Is Skyline 360° @ St Thomas Walk selling now?

Heard skyline360 sold 20+ units on Sat.

Price up from $1800 Psf???

Anyone can confirm the news? Thks.

[Reporter]

Is Skyline 360° at St Thomas Walk selling now?

Skyline 360° at St Thomas Walk is selling now.
In fact, it has a nëw hïgh of $2,168 psf in January 2010!


Private Residential Units Sold in the Month of January 2010
Project Name ....................... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Skyline 360° at St Thomas Walk . CCR ....... 22 ........................ 18 .......................... 2,168 ........... 1,935 ........... 1,786