Double Bay Residences, Simei St4 (D18, 99LH, 646units, UOL/Kheng Leong)

[louisebrown]

A ground floor unit at Tropical Spring has gone for @$779 psf. This is a frenzy for a 10 year old condo.

[jasonyap]

Now that Casa Merah has broken high. Let's see if Optima can break $1,071 psf high.

Tanah Merah and Simei are diff...

[peterng8]

Hi, owners of doublebay,

could advise what is the offer price by specialised agent of doublebay on studio unit now? As understand caveat may not be the latest pricing...thanks...

my children love doublebay's facilities after seeing the brochures shown by some friends...

[jitkiat]

Hi, owners of doublebay,

could advise what is the offer price by specialised agent of doublebay on studio unit now? As understand caveat may not be the latest pricing...thanks...

my children love doublebay's facilities after seeing the brochures shown by some friends...

U can check on propertyguru ... I think asking ~ 1000psf. The best studio units should be at stack 18.

[peterng8]

U can check on propertyguru ... I think asking ~ 1000psf. The best studio units should be at stack 18.

ok thanks....
btw what is the rental latest now....

[peterng8]

U can check on propertyguru ... I think asking ~ 1000psf. The best studio units should be at stack 18.

ok, thanks

btw, what is the latest market rental rate in the field at Simei?

thanks/rgds,

[jitkiat]

ok, thanks

btw, what is the latest market rental rate in the field at Simei?

thanks/rgds,

Studio is new to Simei/Tanah Merah so not sure how much can fetch. Rental for 2br @ Tropical Spring next door completed in 2002 should be about 2.8k per month.

[devilplate]

ok, thanks

btw, what is the latest market rental rate in the field at Simei?

thanks/rgds,

My take is around 1.5-1.8k for a studio(its not a proper 1bedder)

If ur budget allows, personally feels tat u may wan to consider 2/3bedder afterall it is a mass market condo and it is easier to sell to homebuyers when it TOP if u nid to.

[jasonyap]

Studio is new to Simei/Tanah Merah so not sure how much can fetch. Rental for 2br @ Tropical Spring next door completed in 2002 should be about 2.8k per month.

Its definitely less than that... 2.5K max...

[jasonyap]

U can check on propertyguru ... I think asking ~ 1000psf. The best studio units should be at stack 18.

Propertyguru is not reliable and the price is no way to be a reference... there are too much dummy advs and repost from the same repeated sellers...

I doubt it fetches 1K pfs now... nearby old condo is only $750... giving another $150 on top would be the max to go... and not to forget the price during launch is bout $700+ pfs...

[devilplate]

Its definitely less than that... 2.5K max...

I agree..shd be around 2-2.5k for 2bedder tropical springs. However the new plot of land shd be launching close to 1kpsf...sounds high...well, waterfront gold maybe trying to break the 1kpsf soon...we shall see.

Condo near to simei mrt only fetch 2.5-2.8k presently for 2bedders.

[devilplate]

Propertyguru is not reliable and the price is no way to be a reference... there are too much dummy advs and repost from the same repeated sellers...

I doubt it fetches 1K pfs now... nearby old condo is only $750... giving another $150 on top would be the max to go... and not to forget the price during launch is bout $700+ pfs...

He is toking about studio units asking prices. studio units was launched at 8XXpsf...1kpsf is the price to go.

[devilplate]

I agree..shd be around 2-2.5k for 2bedder tropical springs. However the new plot of land shd be launching close to 1kpsf...sounds high...well, waterfront gold maybe trying to break the 1kpsf soon...we shall see.

Condo near to simei mrt only fetch 2.5-2.8k presently for 2bedders.

I got mixed up...I am referring to The tropical 2bedder rental 2-2.5k

Tropical spring shd be able to fetch 2.5-2.8k

[The_Way_I_See_It]

Wah ! Looking at the actual construction can sense the clutterness once the project is completed !

[EBD]

Propertyguru is not reliable and the price is no way to be a reference... there are too much dummy advs and repost from the same repeated sellers...

I doubt it fetches 1K pfs now... nearby old condo is only $750... giving another $150 on top would be the max to go... and not to forget the price during launch is bout $700+ pfs...

You are right about propertyguru.

Those are just asking price.
I look at how much prices for rent & sale for my condo vs what transactions and rental actually are. Big discrepancy.

[devilplate]

You are right about propertyguru.

Those are just asking price.
I look at how much prices for rent & sale for my condo vs what transactions and rental actually are. Big discrepancy.

In the current bull market...nobody is in the right mind to sell/rent at transacted prices.

Same goes to during a bear market, no buyers r in the right mind to buy/rent at transacted prices.

[peterng8]

Studio is new to Simei/Tanah Merah so not sure how much can fetch. Rental for 2br @ Tropical Spring next door completed in 2002 should be about 2.8k per month.

Hi, thanks for the info...

rgds,

[peterng8]

My take is around 1.5-1.8k for a studio(its not a proper 1bedder)

If ur budget allows, personally feels tat u may wan to consider 2/3bedder afterall it is a mass market condo and it is easier to sell to homebuyers when it TOP if u nid to.

hi, thanks for the advise....


rgds,

[EBD]

In the current bull market...nobody is in the right mind to sell/rent at transacted prices.

Same goes to during a bear market, no buyers r in the right mind to buy/rent at transacted prices.

Actual rental price is below asking by a margin and beginning to fall, not rise.
Asking price for purchase is of course above latest transactions, but transactions are thin. Seems more sellers than buyers in secondary market.

[devilplate]

Actual rental price is below asking by a margin and beginning to fall, not rise.
Asking price for purchase is of course above latest transactions, but transactions are thin. Seems more sellers than buyers in secondary market.

There will always be a period of consolidation in every bull run once a certain price resistance is hit. Life will be so simple if everything goes up/down in a straight linear line

[jitkiat]

Tender result out for GLS Simei St 3.

The top 5 bidders all submit bids higher than 5000psm/GFA !!!

http://www.ura.gov.sg/pr/graphics/2010/pr10-58a.pdf

DBR owners, let's celebrate 152,688,000

[2824]

Wow, all together 18 bids with top bid at $523 psf, looks like they will have to sell at $1k psf.

Tender result out for GLS Simei St 3.

The top 5 bidders all submit bids higher than 5000psm/GFA !!!

http://www.ura.gov.sg/pr/graphics/2010/pr10-58a.pdf

DBR owners, let's celebrate 152,688,000

[Reporter]

Tender result out for GLS Simei St 3.

The top 5 bidders all submit bids higher than 5000psm/GFA !!!

http://www.ura.gov.sg/pr/graphics/2010/pr10-58a.pdf

DBR owners, let's celebrate 152,688,000

Based on my calculation, the breakeven cost for the winning developer would be between $875 psf to $925 psf. I may be wrong. Can someone correct me please? Thanks.

So, what is the selling price?

[devilplate]

Based on my calculation, the breakeven cost for the winning developer would be between $875 psf to $925 psf. I may be wrong. Can someone correct me please? Thanks.

So, what is the selling price?

waterbank 506psf ppr, boonlay 499psf ppr, SIMEI 523psf ppr!!!

with all 3 land price almost similar, so boonlay and simei gona launch same price as dakota?

[jitkiat]

waterbank 506psf ppr, boonlay 499psf ppr, SIMEI 523psf ppr!!!

with all 3 land price almost similar, so boonlay and simei gona launch same price as dakota?

2br Centris @ Jurong West already selling > 900psf last month. Optima @ Tanah Merah is asking 1000psf .... Property_Owner is right, sooner or later nothing is below 1000psf for those close to MRT.

67 Jurong West Central 3 #13-06
99 Yrs From 21/06/2006
$929psf
936sqft
$870k
26 Apr 10

[devilplate]

2br Centris @ Jurong West already selling > 900psf last month. Optima @ Tanah Merah is asking 1000psf .... Property_Owner is right, sooner or later nothing is below 1000psf for those close to MRT.

67 Jurong West Central 3 #13-06
99 Yrs From 21/06/2006
$929psf
936sqft
$870k
26 Apr 10

now prices in OCR almost similar to RCR....hahaha

so imagine if dakota land is tendered today, may fetch 650-700psf! haha

[ay123]

now prices in OCR almost similar to RCR....hahaha

so imagine if dakota land is tendered today, may fetch 650-700psf! haha

MARKET IS GOING VERY WILD NOW!!!!

[sleek]

Highest bid came from CEL Development, developer of Oasis@Elias.

Wow, all together 18 bids with top bid at $523 psf, looks like they will have to sell at $1k psf.

[Komo]

MARKET IS GOING VERY WILD NOW!!!!

my take is most often than not, wildness will not last long, the more extreme it goes, the sooner the correction

[Wild Falcon]

Looks like developers more keen on government land sales than enbloc. Looking at the map - this is the farthest away from city center anyone can be already and 99LH and still will sell at 1000psf on a smallish plot If you're holding on to freehold development near future MRT, I think "huat" already.