Heard preview beginning this Friday.................. let's see the response.
Heard preview beginning this Friday.................. let's see the response.
Hong Kong luxury segment has already hit S$6,000 psf (HK$30,025 psf)Originally Posted by trump7
Let's see if Singapore CCR can catch up.
Originally Posted by Bloomberg
[quote=moneyspinner][quote=andy]Theoretically, not only leasehold, also freehold ones as well.Originally Posted by teddybear
There are so many eg. in the market, that old freehold condo in not attractive location and still never draw buyer`s attention than old leasehold one in good location.
When people want to buy house, only two reason.
Want to stay or for renting-out. All require good location with convenience.
People talk leasehold is depreciating but forget that actually they bought their leasehold condo 20-25% cheaper than freehold one...
The leasehold and FH premium is abt 16-18%.
If you find anything out of line, then can buy the cheaper one.
Originally Posted by DKSG
problem is now the LH are so expensive and in a bull market ... when LH is only 5 pct cheaper than FH in same area .. people will buy LH ..sad
Ho Bee prices Trilight at $1,650 psf
Far East sells 12 units at Alba in Cairnhill at average $2,300 psf
Kalpana Rashiwala
The Business Times
Wednesday, 7 October 2009
Ho Bee Investment will preview its Trilight condo at Newton Road this week at an average price of about $1,650 per sq ft, the group's chairman and CEO Chua Thian Poh told BT yesterday.
Ho Bee will not offer an interest absorption scheme (IAS) for the 30-storey freehold condominium project, located on the highest point in the Newton area.
The $1,650 psf average price will be for an initial batch of 60 units. The condo will have a total 205 units, up from 152 planned initially. The increase results from Ho Bee's decision to introduce two-bedroom units and reduce the number of four-bedders. Previously Trilight had only three- and four-bedroom apartments.
The latest scheme comprises 104 two-bedroom units ranging from 1,109 to 1,227 sq ft; 74 three-bedders in two sizes (2,099 and 2,110 sq ft) and 24 four-bedroom apartments of 2,336 sq ft. Trilight will have three penthouses - two units of 5,200 sq ft and one of 5,800 sq ft.
The typical two-bedder will cost under $2 million.
CB Richard Ellis and DTZ will market the project.
Market watchers say the $1,650 psf average price is within the range of recent transactions in the area. In nearby Bukit Timah Road, units at Ferrell Residences sold for between $1,556 psf and $1,931 psf in July-August.
And Madison Residences nearby sold at $1,567-1,745 psf in August, according to Urban Redevelopment Authority information on developer sales.
The high-end housing market is stirring again after Hungry Ghost Month. Far East Organization has sold a dozen units over the past couple of weeks at its Alba project in Cairnhill Rise. The unit sizes are 1,862, 2,066 and 2,250 sq ft.
They are among a clutch of 18 units Far East released on the second to seventh levels of the 18-storey freehold condo, which has a total of 50 units. The average price achieved for the 12 units sold is $2,300 psf, with the highest price being $2,500 psf.
Under the freehold project's 'white plan', Far East can customise apartment layouts to suit buyers' preferences.
Wow. look like some units could be cheaper than Viva and R@EOriginally Posted by Reporter
Trilight or R@E? What's your take given the huge planters?
[quote=andy]Wow. look like some units could be cheaper than Viva and R@E
Trilight or R@E? What's your take given the huge planters?[/quote
In terms of 3-bedders,
VIVA at 1.9x mio - 2.3 mio -- now subsale at how much? anybody knows?
Trilight must be above 3.3 mio! --main gain is only bigger balcony and planter
Of course VIVA make more sense esp it is more convenience for daily shopping/tuition/eating.
I've no idea about R@E
Precisely, andy, don't be focusing so much on only the psf. the sizes are vastly different and that makes the total quantum important. a 3 bedder at trilight is 2099 or 2110 sq ft. a 4 bedder is 2336 sq ft. I won't be surprised if the 4 bedder is priced at a higher psf than the 3 bedders since the 3 bedders are abnormally big and the 4 bedders are not that much bigger in sq ft and are rare at just 24 units vs 74 units of 3 bedders.
the 4 bedders would probably average at 1650psf but maybe the 3 bedders will average 1550psf. even then, i still think 3.25m for a 3 bedder is really expensive especially considering the big balcony, planter, bay windows and air-con ledge.
[quote=chenjdd]Originally Posted by andy
Trilight is of course more prime than Viva.
at least that's what ho bee is trying to market it as. targeting an even higher end segment with this kind of quantum.
Originally Posted by DKSG
Let's see the picture?Originally Posted by moneyspinner
Is this FH pricing high or low compared to LH pricings in:Originally Posted by teddybear
- D12 Toa Payoh: $1,222 psf
- D20 Ang Mo Kio: $1,289 psf
- D19 Serangoon: $1,100 psf (or maybe higher?)
?
Originally Posted by CNA
Viewed the showflat today. In term of finishes and layout, Newton One is better. In term of price, quite close to each other.Originally Posted by bargain hunter
Yes I agree that Triglight finishes are not impressive at all. Not sure if N1 rounded corners layout is better.Originally Posted by jasonlcl
However no ISD frosted glass for Trilight. N1 is pretty much blocked by ISD frosted glass.
Trilight is slightly higher $psf I think for the same floor level.
How is PSF for 3rm and 4rm?Originally Posted by andy
How does it compare with Viva? If same level I don't go for viewing -))
Everything in Trilight starts at $1650 and above. Disappointed with the huge huge planters..... However the 2bedders are pretty ok at 1109sqft.Originally Posted by chenjdd
Viva was definitely cheaper. Not sure about now
ops, Tks.Originally Posted by andy
i didn't make myself clear, I was asking how is the interior finish compared with Viva, and how are facilities?
Viva better in both casesOriginally Posted by chenjdd
Tks! As such, I doubt Trilight, at such price tags, will go as fast as Viva.Originally Posted by andy
anyone got updates of sales figures? i seriously doubt it can even move at any pace close to viva's at all. the quantum is just so huge! 1.8m+ for trilight 2 bedders? i don't even dare to ask about the 3 bedder prices, how far above 3m is the cheapest 3 bedder?
Originally Posted by chenjdd
if ard 1200psf 4 condos area outside newton. i dun understand why 1.8m is expensive then.
Originally Posted by bargain hunter
its the quantum for the 3 bedders, not the psf that i find expensive.
Originally Posted by richie$$$
The units are just too large by today's standard. if only they could make the 2 b/r of ard 900sf & 3 b/r of 1300sf , then this project should sell like hotcakes at $1650psf.Originally Posted by bargain hunter
1200psf for 764sq ft 2 bedder at centro is "only" 920k while a similar category 2 bedder at trilight is at least 1109sq ft and costs at least twice as much. we should not be comparing like this at all but what i mean is the higher psf is combined with higher sq ft (made up mostly by a big balcony, bay windows and air con ledges) that makes it expensive but defenitely 3 bedders at above 3m are the ones that are harder to stomach.
Originally Posted by richie$$$
"The $1,650 psf average price will be for an initial batch of 60 units. The condo will have a total 205 units, up from 152 planned initially. The increase results from Ho Bee’s decision to introduce two-bedroom units and reduce the number of four-bedders. Previously Trilight had only three- and four-bedroom apartments."
the planning was done in the boom years of prime in 2007. looks like they kept the size of the 3 bedders and sliced two 4 bedroom stacks into 2 bedders. that led to the imbalance. i thought it would be better for them to slice the 3 bedders. 4 bedders at 2336sq ft are ok, its the 3 bedders which are too big.
your specs below are those of viva's winning formula.
Originally Posted by jsh
. just proved every one has diff taste. to me Trilight *showroom* finishes are definitely above Newton One. And it's as good as viva. Some areas better than Viva. I prefer Viva's wardrobe, but trilight's bath/kitchen. And trilight's flooring/wall finishes in general. Viva's 4bd dry kitchen layout/position is not very logical, too near the living dining. Trilight's huge balcony is part of the look and design of the unit. It's something that I'd love to stay in if I have the $4m.Originally Posted by andy
I think by the size of trilight, Ho Bee is trying to market this as something else. Those buying this project are not so calculative as "wasted balcony space" etc. I think it's trying to hit the luxury segment.
its defnitely targeted at the luxury segment. hit or not is another thing.
Originally Posted by amk
u r comparing based on budget.Originally Posted by bargain hunter
nt mkt practice. centro/bishan better buy 4 u.
i am telling you we can't compare like that. But I admit 3m+ for 3 bedder is out of budget for me. I'd rather get a 4 bedder elsewhere within prime.
you are obviously an amateur property buyer. going by market practice of solely focusing on psf. LOL. If you talk to the seasoned players, you will know that it is not their main consideration.
Originally Posted by richie$$$