How will the launch of The Wharf Residence affect condo price in D9?

[teddybear]

The doom-sayers will say that "the worst is over" is just forecast, have to wait and see (even though this forecast is by MAS, not any Tom, Dick & Harry analysts). Ops, didn't they trying to pester those forecasts where they say economy will get worse and regarded as golden words and will surely happen?

the worst is over for Singapore's economy, but a decisive rebound is not on the cards, said MAS on wednesday

[latour]

The doom-sayers will say that "the worst is over" is just forecast, have to wait and see (even though this forecast is by MAS, not any Tom, Dick & Harry analysts). Ops, didn't they trying to pester those forecasts where they say economy will get worse and regarded as golden words and will surely happen?

Ya... but its MOH alert Orange now, and WHO alert level 5 for the unhappy swine thingy... showflat crowded over the weekend ??? resales unit viewing for the time being??? lets see... better stay home and and avoid crowded places.

[teddybear]

Can't really tell right? Despite these swine-flu thing and MOH and WHO raising alert higher, stock market can also cheong 3.82% today after yesterday's rises. Sometimes have to expect the unexpected, otherwise nobody would have cheong into stock market for past few days and make a bundle while those who scare this scare that can only stare at other people counting the extra bundle 'easy' of money.

Ya... but its MOH alert Orange now, and WHO alert level 5 for the unhappy swine thingy... showflat crowded over the weekend ??? resales unit viewing for the time being??? lets see... better stay home and and avoid crowded places.

[kal]

well, in the first place, no agents know how much will capitaand relaunch wharf residence. There are some foolish agts can even advertise as low as $9xxpsf..etc !! Pls lah, don use this tactic to attract innocent buyer..

[ahlipp]

Can't really tell right? Despite these swine-flu thing and MOH and WHO raising alert higher, stock market can also cheong 3.82% today after yesterday's rises. Sometimes have to expect the unexpected, otherwise nobody would have cheong into stock market for past few days and make a bundle while those who scare this scare that can only stare at other people counting the extra bundle 'easy' of money.

stock market moving up... well it depends if the up swing is coming from institutional funds or individual investors.

i for one will never put my money into stocks right now in the midst of such uncertainties, not that i do not have a risk appetite but it simply doesn't make sense to go in at this point.

What comes easy goes easy... relationship is like this... high risk gambling too. I'm sure more people got burnt in this downturn than made money.

If the big funds are behind the up swing and not actually the private investors, then it speaks alot about the confidence of private investors.

Private properties investment right now in S'pore are more private investors, i dont see how private investors can be so full of confidence now about the next 6 months with the Swine flu... affecting US and now Europe (primary markets for S'pore exports), and with the rental market in such depressing mode... (just go check the classified " for rent")

Having said that, it is also an opportunity to invest in a good property ... and that is the trick..what is a good property and what is fair value... let the war of words begin...

[stalingrad]

stock market moving up... well it depends if the up swing is coming from institutional funds or individual investors.

i for one will never put my money into stocks right now in the midst of such uncertainties, not that i do not have a risk appetite but it simply doesn't make sense to go in at this point.

What comes easy goes easy... relationship is like this... high risk gambling too. I'm sure more people got burnt in this downturn than made money.

If the big funds are behind the up swing and not actually the private investors, then it speaks alot about the confidence of private investors.

Private properties investment right now in S'pore are more private investors, i dont see how private investors can be so full of confidence now about the next 6 months with the Swine flu... affecting US and now Europe (primary markets for S'pore exports), and with the rental market in such depressing mode... (just go check the classified " for rent")

Having said that, it is also an opportunity to invest in a good property ... and that is the trick..what is a good property and what is fair value... let the war of words begin...

just received an email from an agent that a unit of the Wharf has been sold at 936psf.

that is big drop from two years ago.

[jitkiat]

just received an email from an agent that a unit of the Wharf has been sold at 936psf.

that is big drop from two years ago.

Is it ground floor or 2nd floor? Even 99 LH SouthBank is transacted above that price

[stalingrad]

Is it ground floor or 2nd floor? Even 99 LH SouthBank is transacted above that price

4th floor. #04-10.

[jitkiat]

4th floor. #04-10.

Some 2 bedrooms priced at below 1kpsf, facing MSC i guess.

[bargain hunter]

4th floor for block 15 is actually that block's lowest floor and same height as the carpark of the other 3 blocks. #04-10 is 1066sq ft and has no view whatsoever except looking into other units of Robertson Edge next door.

Even Park Nautra and Hillvista in OCR had units sold at above 900psf in May.

Some 2 bedrooms priced at below 1kpsf, facing MSC i guess.

[bargain hunter]

Stalingrad, I think you have been badly mis-informed by your agent. 936psf? Not even for #04-10. Lowest psf $1300psf. From today's BT:


Published May 16, 2009

More property launches on buying interest
CapitaLand releases units at The Wharf Residence, Frasers Centrepoint to launch Woodleigh project in July or Aug
By EMILYN YAP




DEVELOPERS are riding the wave of buying interest to launch more units.

CapitaLand yesterday released 100 two and three-bedroom units at The Wharf Residence, a 999-year leasehold condominium near Mohamed Sultan Road which comprises 173 apartments and 13 shophouses.
The group sold 85 units - mostly two-bedders - at an average price of between $1,300 and $1,600 per square foot (psf).
Sizes of two-bedroom units start at 1,012 sq ft. Assuming a price of $1,300 psf, one would cost about $1.32 million.
Some of the 100 units released yesterday were the remainder from an earlier launch.
According to Urban Redevelopment Authority (URA) records, CapitaLand introduced 80 units to the market in July last year and sold 24 until September that year at median prices above $1,500 psf.
The Wharf Residence is expected to receive its temporary occupation permit in 2013. CapitaLand is offering buyers a package deal of stamp duty absorption and interest absorption. BT understands that those who do not take up this package may get to pay up to 8 per cent less.
CapitaLand could make more units available today as the launch stretches into the weekend.
The release of more units at The Wharf Residence comes as activity in the higher end of the property market is starting to stir. According to URA's April statistics, buyers snapped up 64 units out of 75 launched at Bukit Sembawang Estates' Verdure at Holland Road. The median price of the transactions was $1,416 psf.
'Sentiment is better now,' said Knight Frank executive director (residential) Peter Ow. Some buyers feel that property prices have dropped enough, he added.
And even if prices have not bottomed, they believe that there is probably 'no harm in going in now, rather than letting money sit in the bank'. Some buyers are also worried about missing out on a real estate recovery, he said.

just received an email from an agent that a unit of the Wharf has been sold at 936psf.

that is big drop from two years ago.

[qwertyuiop]

Was quoted 1.15M for #01-02 (1012sqft). Blk 15 was fully sold by the time I went y'day afternoon. Homo tiles for living/dining/bathroom..not a single slab of marble. Maintenance $530-620 for 2br.

Stalingrad, I think you have been badly mis-informed by your agent. 936psf? Not even for #04-10. Lowest psf $1300psf. From today's BT:

Published May 16, 2009

More property launches on buying interest
CapitaLand releases units at The Wharf Residence, Frasers Centrepoint to launch Woodleigh project in July or Aug
By EMILYN YAP




DEVELOPERS are riding the wave of buying interest to launch more units.

CapitaLand yesterday released 100 two and three-bedroom units at The Wharf Residence, a 999-year leasehold condominium near Mohamed Sultan Road which comprises 173 apartments and 13 shophouses.
The group sold 85 units - mostly two-bedders - at an average price of between $1,300 and $1,600 per square foot (psf).
Sizes of two-bedroom units start at 1,012 sq ft. Assuming a price of $1,300 psf, one would cost about $1.32 million.
Some of the 100 units released yesterday were the remainder from an earlier launch.
According to Urban Redevelopment Authority (URA) records, CapitaLand introduced 80 units to the market in July last year and sold 24 until September that year at median prices above $1,500 psf.
The Wharf Residence is expected to receive its temporary occupation permit in 2013. CapitaLand is offering buyers a package deal of stamp duty absorption and interest absorption. BT understands that those who do not take up this package may get to pay up to 8 per cent less.
CapitaLand could make more units available today as the launch stretches into the weekend.
The release of more units at The Wharf Residence comes as activity in the higher end of the property market is starting to stir. According to URA's April statistics, buyers snapped up 64 units out of 75 launched at Bukit Sembawang Estates' Verdure at Holland Road. The median price of the transactions was $1,416 psf.
'Sentiment is better now,' said Knight Frank executive director (residential) Peter Ow. Some buyers feel that property prices have dropped enough, he added.
And even if prices have not bottomed, they believe that there is probably 'no harm in going in now, rather than letting money sit in the bank'. Some buyers are also worried about missing out on a real estate recovery, he said.

[dtrax]

Was quoted 1.15M for #01-02 (1012sqft). Blk 15 was fully sold by the time I went y'day afternoon. Homo tiles for living/dining/bathroom..not a single slab of marble. Maintenance $530-620 for 2br.

plus flanked by template left and right and pple still buy?? Amazing

[qwertyuiop]

Yep. Quite amazing.

plus flanked by template left and right and pple still buy?? Amazing

[teddybear]

Wah, that area near Mohamed Sultan, one of the least favorable area in RV can also sell at between $1300-1600 psf? Prime property market stirring up again? In this case, those prime of the prime locations such as Suites@Central could probably now fetch >$2000 psf?

Stalingrad, I think you have been badly mis-informed by your agent. 936psf? Not even for #04-10. Lowest psf $1300psf. From today's BT:


Published May 16, 2009

More property launches on buying interest
CapitaLand releases units at The Wharf Residence, Frasers Centrepoint to launch Woodleigh project in July or Aug
By EMILYN YAP




DEVELOPERS are riding the wave of buying interest to launch more units.

CapitaLand yesterday released 100 two and three-bedroom units at The Wharf Residence, a 999-year leasehold condominium near Mohamed Sultan Road which comprises 173 apartments and 13 shophouses.
The group sold 85 units - mostly two-bedders - at an average price of between $1,300 and $1,600 per square foot (psf).
Sizes of two-bedroom units start at 1,012 sq ft. Assuming a price of $1,300 psf, one would cost about $1.32 million.
Some of the 100 units released yesterday were the remainder from an earlier launch.
According to Urban Redevelopment Authority (URA) records, CapitaLand introduced 80 units to the market in July last year and sold 24 until September that year at median prices above $1,500 psf.
The Wharf Residence is expected to receive its temporary occupation permit in 2013. CapitaLand is offering buyers a package deal of stamp duty absorption and interest absorption. BT understands that those who do not take up this package may get to pay up to 8 per cent less.
CapitaLand could make more units available today as the launch stretches into the weekend.
The release of more units at The Wharf Residence comes as activity in the higher end of the property market is starting to stir. According to URA's April statistics, buyers snapped up 64 units out of 75 launched at Bukit Sembawang Estates' Verdure at Holland Road. The median price of the transactions was $1,416 psf.
'Sentiment is better now,' said Knight Frank executive director (residential) Peter Ow. Some buyers feel that property prices have dropped enough, he added.
And even if prices have not bottomed, they believe that there is probably 'no harm in going in now, rather than letting money sit in the bank'. Some buyers are also worried about missing out on a real estate recovery, he said.

[bargain hunter]

So did #01-02 get sold at 1.15m or they raised the price? Or maybe offered at 1300psf and discount back to 1136psf?

Was quoted 1.15M for #01-02 (1012sqft). Blk 15 was fully sold by the time I went y'day afternoon. Homo tiles for living/dining/bathroom..not a single slab of marble. Maintenance $530-620 for 2br.

[bargain hunter]

Apparently there is some stirring. But with Orchard Road prices at around 2000psf, Suites@Central asking prices probably capped at 1700 to 1900psf but perhaps buyers won't bite at those prices either.

Wah, that area near Mohamed Sultan, one of the least favorable area in RV can also sell at between $1300-1600 psf? Prime property market stirring up again? In this case, those prime of the prime locations such as Suites@Central could probably now fetch >$2000 psf?

[teddybear]

Frankly speaking IMHO, if somebody is willing and can afford to buy $1600 psf for The Wharf Residence, it probably makes better investment sense to pay $2000 psf to buy Suites@Central.

Apparently there is some stirring. But with Orchard Road prices at around 2000psf, Suites@Central asking prices probably capped at 1700 to 1900psf but perhaps buyers won't bite at those prices either.

[qwertyuiop]

I guess $1300psf is just an average. No loyalty discount somemore.

So did #01-02 get sold at 1.15m or they raised the price? Or maybe offered at 1300psf and discount back to 1136psf?

[爱屋及乌]

It is not true , I was there in the show house yesterday. I guess the average should be ard $1200psf (plus or minus)

I guess $1300psf is just an average. No loyalty discount somemore.

[kal]

Sunday times reporter is sleeping !! the highest floor of 2bedder in wharf is only less than 1300psf !! where got 1300-1600psf??? heard now is already more than 85% sold ! next door martin place residences also sell like hot cakes ! So market is .....

[denverusa]

not sure where straits times get the info. was there in the morning stk 9 mid floor is about 1090 psf, stk 8 mid floor close to 1200 psf. overall abt 1100 to 1200+ psf. think the px is attractive as u c less prime places like balestier, alexandra going for 900 psf plus. river valley brand new less than 1100 psf , i can't think of anywhere else. saw the previous transactions was at 1500 psf so close to 30% discount.

[rogerang]

Yes, 2br ave 1100-1200psf. This morning only 3 2br left and with only few 3br taken. By lunch time, all 2br gone. Most buyers are targetting 2 br for investment as the price is resonable.

BTW, a Q was form the night before launch.

[qwertyuiop]

Wow. ERA agents are so diligent to queue the night before? Thumbs up

Yes, 2br ave 1100-1200psf. This morning only 3 2br left and with only few 3br taken. By lunch time, all 2br gone. Most buyers are targetting 2 br for investment as the price is resonable.

BTW, a Q was form the night before launch.

[bargain hunter]

went to take a look early this morning for myself. Less than 30 of the 173 units remaining, mostly 3 bedrooms and prices range from 11xx to 12xxpsf for the remaining 3 bedrooms. Capitaland does not seem interested in selling their only 4 big big 4 bedrooms (2200sq ft). I asked out of curiosity and was quoted 1500psf saying high floor and because formerly they asked for 2000psf so now proportionate decrease in price. Don't see the logic at all, bigger than average size and yet ask for higher psf?! So concluded that they are not interested to sell. Excluding the 5 P/H, 4 4 bedrooms and 13 conservation shophouses, left around 20 3 bedders. Looks like buyers going to shift to Martin Place Residences very soon.

[august]

went to take a look early this morning for myself. Less than 30 of the 173 units remaining, mostly 3 bedrooms and prices range from 11xx to 12xxpsf for the remaining 3 bedrooms. Capitaland does not seem interested in selling their only 4 big big 4 bedrooms (2200sq ft). I asked out of curiosity and was quoted 1500psf saying high floor and because formerly they asked for 2000psf so now proportionate decrease in price. Don't see the logic at all, bigger than average size and yet ask for higher psf?! So concluded that they are not interested to sell. Excluding the 5 P/H, 4 4 bedrooms and 13 conservation shophouses, left around 20 3 bedders. Looks like buyers going to shift to Martin Place Residences very soon.

Capitaland got holding power, so for big units they rather wait for the big foreign buyers to return rather than sell them to the 2-bedder pricing crowd ~

[bargain hunter]

http://info.sgx.com/webcoranncatth.n...df?openelement

Strange, its Capitaland itself which says the apartments are priced at 1300 to 1600psf, not the journalist who was sleeping. Any project agent care to explain the discrepancy between this offer price and the prices we are quoted at the showflat?

[kal]

i know someone bought a #2X 2bdrm unit at only 1275psf ! Quite a good deal though

[teddybear]

I am puzzled too by the different stories about this Wharf. Anybody is able to put the question directly to Capitaland and ask them to clarify?

http://info.sgx.com/webcoranncatth.n...df?openelement

Strange, its Capitaland itself which says the apartments are priced at 1300 to 1600psf, not the journalist who was sleeping. Any project agent care to explain the discrepancy between this offer price and the prices we are quoted at the showflat?

[爱屋及乌]

CapLand must have included those unit sold during the peak

http://info.sgx.com/webcoranncatth.n...df?openelement

Strange, its Capitaland itself which says the apartments are priced at 1300 to 1600psf, not the journalist who was sleeping. Any project agent care to explain the discrepancy between this offer price and the prices we are quoted at the showflat?