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Thread: The Sterling

  1. #91
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    Quote Originally Posted by ymgsterling
    of the opinion that the fair value now should be $1,300psf
    definitely reaching there soon but the construction works outside are going to stifle rental demand in the short term

  2. #92
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    Was in the neighbourhood last weekend. An agent
    told me that rental will shooot up upon completion
    of the MRT. He expects the price to hit $1,500psf.
    If so, should purchase one now and hold till 2015.





    Quote Originally Posted by spikey69
    definitely reaching there soon but the construction works outside are going to stifle rental demand in the short term

  3. #93
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    Quote Originally Posted by ymgsterling
    Was in the neighbourhood last weekend. An agent
    told me that rental will shooot up upon completion
    of the MRT. He expects the price to hit $1,500psf.
    If so, should purchase one now and hold till 2015.
    value may go up but rental really depends on availability ..

    and seriously i dont like it when agents use terms like " SHOOT UP"

    it gives a wrong impession ...

    he shold have said ' rental should go up ' and not ' shoot up'..

  4. #94
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    Quote Originally Posted by proud owner
    value may go up but rental really depends on availability ..

    and seriously i dont like it when agents use terms like " SHOOT UP"

    it gives a wrong impession ...

    he shold have said ' rental should go up ' and not ' shoot up'..
    haha! fully agreed. Agents remarks are also dependent on which side is he on. Whether he is talking to the seller or buyer.

  5. #95
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    Quote Originally Posted by ymgsterling
    Was in the neighbourhood last weekend. An agent
    told me that rental will shooot up upon completion
    of the MRT. He expects the price to hit $1,500psf.
    If so, should purchase one now and hold till 2015.
    certainly the appreciation will be huge...the sky is indeed the limit for FH properties on top/immediately next to mrt stations...especially in bt timah

  6. #96
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    Quote Originally Posted by spikey69
    certainly the appreciation will be huge...the sky is indeed the limit for FH properties on top/immediately next to mrt stations...especially in bt timah
    the flooding potential is also huge. and the risk of losing your lambo to flooding is also huge.

  7. #97
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    Quote Originally Posted by stalingrad
    the flooding potential is also huge. and the risk of losing your lambo to flooding is also huge.
    the condo u should avoid is tessarina
    thats the only one that has flooding issues

  8. #98
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    Quote Originally Posted by leslens
    the condo u should avoid is tessarina
    thats the only one that has flooding issues
    though flooded, the price is still holding strong.
    Wonder why?

  9. #99
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    Quote Originally Posted by ymgsterling
    though flooded, the price is still holding strong.
    Wonder why?
    That kind of flooding only occurs every 50 year, so next one will occur in 2060. time for enbloc and new development to build multi-storey carpark.
    If flooding occurs every year then different story.

  10. #100
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    Quote Originally Posted by leslens
    the condo u should avoid is tessarina
    thats the only one that has flooding issues

    not true. Some of Maplewood's carparks were also flooded.

  11. #101
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    so which condo in that stretch doesn't have flooding issues? Nexus? Cascadia?

  12. #102
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    Quote Originally Posted by stalingrad
    not true. Some of Maplewood's carparks were also flooded.
    is that so?
    where your source
    i have been looking around this stretch for a while and have stayed in this area for 30 years

    my relatives stay in maplewoods, no flood issues reported by them

    well it looks now that tessarina and cascadia are the ones affected

  13. #103
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    Quote Originally Posted by leslens
    is that so?
    where your source
    i have been looking around this stretch for a while and have stayed in this area for 30 years

    my relatives stay in maplewoods, no flood issues reported by them

    well it looks now that tessarina and cascadia are the ones affected
    this is revealed by a resident of maplewoods in a review of maplewoods in propertyguru.com

    "it is not true that the basement carpark are well designed as mentioned by THG. We live in seraca court. The basement carpark in our building have been flooded 3 times these year alone."

  14. #104
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    Quote Originally Posted by stalingrad
    this is revealed by a resident of maplewoods in a review of maplewoods in propertyguru.com

    "it is not true that the basement carpark are well designed as mentioned by THG. We live in seraca court. The basement carpark in our building have been flooded 3 times these year alone."
    how about this
    "We have live here for 2 years. The recent flood did not affect Maplewoods at all. Maplewoods car park was designed to allow natural sun light to come in and fresh air ventilation. On the rainny days, the exposed areas will be wet as expected but have never been flooded.. We are lucky to have this design"

    i think i will trust my relatives on this one
    have been to maplewoods many times during heavy rain
    the car park is wet but never flooded
    but i didnt buy maplewoods cos it was run down, dont think u will see FLOODS in maplewood
    there are pools of water in the car park but not flooded like those u see in cascadia
    now that is a flood, and teh ones in tessarina major flooding

  15. #105
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    Quote Originally Posted by leslens
    how about this
    "We have live here for 2 years. The recent flood did not affect Maplewoods at all. Maplewoods car park was designed to allow natural sun light to come in and fresh air ventilation. On the rainny days, the exposed areas will be wet as expected but have never been flooded.. We are lucky to have this design"

    i think i will trust my relatives on this one
    have been to maplewoods many times during heavy rain
    the car park is wet but never flooded
    but i didnt buy maplewoods cos it was run down, dont think u will see FLOODS in maplewood
    there are pools of water in the car park but not flooded like those u see in cascadia
    now that is a flood, and teh ones in tessarina major flooding
    I think what the reviewer tried to tell us is that maplewoods have more than one carparks, some of which have flooding problems and some may not. I guess it makes sense. Carparks on higher grounds may not easily flooded. but carparks on lower grounds can be easily flooded. so, if you like to buy a unit at maplewoods, keep your eyes wide open. I am not interested in this area in general. I find it very troublesome to get around during downpours on the streets in the area. even if my condo's carparks were not flooded during downpours, I'd still get my shoes and socks wet every time, even if it is just a minor rain.
    Last edited by stalingrad; 28-01-11 at 09:18.

  16. #106
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    http://www.youtube.com/watch?v=v-lp78QLJ7A

    watch this video shot outside maplewoods.

    see the guys walking by and the water is up to his calves. even if the carparks are not flooded, you want to live in this condo?

  17. #107
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    Default anybody keen?

    BANK SALE BY PRIVATE TREATY
    Maplewoods, District 21
    * Along Bukit Timah Road
    * 3 bedrooms + study
    * Freehold
    * 1,787 sq ft approx
    *Asking $2.05 million ($1,147 psf)


  18. #108
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    Quote Originally Posted by bargain hunter
    BANK SALE BY PRIVATE TREATY
    Maplewoods, District 21
    * Along Bukit Timah Road
    * 3 bedrooms + study
    * Freehold
    * 1,787 sq ft approx
    *Asking $2.05 million ($1,147 psf)

    not cheap....fair price

  19. #109
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    Quote Originally Posted by leslens
    not cheap....fair price
    Agreed! Must be those so so unit, not the premium

  20. #110
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    Quote Originally Posted by leslens
    not cheap....fair price
    this season, bank sale don't come cheap, just like the nexus unit that was bidded away by a slight premium to market average.

  21. #111
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    Quote Originally Posted by leslens
    not cheap....fair price
    yup...the 1787 sq ft units closed for 2m or less previously. But Maplewoods tends to have much more larger sized units than the other condos in the area, especially the 1787 sq ft units...

    As for Sterling, although I am vested, the floods have been kind to the devt. I now wait and see what the MRT devt next to it will do to possibly aggravate the flood situation over the next few years until the MRT is completed.

  22. #112
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    Floods seem to wreak havoc in developments along bukit timah. However, prices have not been affected. I am waiting for $1000 - $1100 psf.

  23. #113
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    Quote Originally Posted by mygeemeel
    Floods seem to wreak havoc in developments along bukit timah. However, prices have not been affected. I am waiting for $1000 - $1100 psf.
    Happy Waiting !

  24. #114
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    Received a call from an agent.
    He told me that there are rumours going that Sterling management is in talk with developers to go en-bloc.
    Have you guys hear this news?

  25. #115
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    Quote Originally Posted by ymgsterling
    Received a call from an agent.
    He told me that there are rumours going that Sterling management is in talk with developers to go en-bloc.
    Have you guys hear this news?
    not possible.....dun trust agts.....cud be just a few greedy owners trying their luck....totally not possible to enbloc for a gd profit

  26. #116
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    didn't hear anything abt sterling...now checking with guys living there.

    but it doesn't make sense to en bloc - sterling is just 10 yrs old and what kind of premium price can they draw anyway?

  27. #117
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    hi

    i am interested at staying at the sterling ( rental) but as I am away from Singapore, i can't view the place. Can some residents share with me how you find the condo? facilities good? not too rundown? and do your kids enjoy living there? thanks

  28. #118
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    Quote Originally Posted by mamum
    hi

    i am interested at staying at the sterling ( rental) but as I am away from Singapore, i can't view the place. Can some residents share with me how you find the condo? facilities good? not too rundown? and do your kids enjoy living there? thanks
    nice condo.....big pool and gym....not run down at all

  29. #119
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    Default Maplewoods

    Just my first hand experience to share. Have been living in a rental unit at maple woods since April 2010 saraca court. Can confirm that no floods happened here, at least at this car park block, since then.

  30. #120
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    Yield seem bad for this area. Barely 3%.

    $4,500 for 1500sqft...

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