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Thread: Is Balestier worth $850 psf?

  1. #1
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    Default Is Balestier worth $850 psf?

    I like the area because it's near town. There are also a lot of good fnb options nearby. But there are a lot of motels in the area. Iwas told a couple of year ago, new projects were sold at only 600 psf. Many resale aota in the area are selling for 600 plus psf. So isn't 800 to 850 too expensive pike nova or the arte?

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    Quote Originally Posted by miya
    I like the area because it's near town. There are also a lot of good fnb options nearby. But there are a lot of motels in the area. Iwas told a couple of year ago, new projects were sold at only 600 psf. Many resale aota in the area are selling for 600 plus psf. So isn't 800 to 850 too expensive pike nova or the arte?
    good question

    those who love it will say that ARTE is thomson road ..not balestier .. despite the fact that they are near each other ...

    just like ... those FH condos along geylang ..near to korean school, paya lebar MRT ... prices still cheap ...

    people dont like it becos near 'animal farm' ..

    yet ARTE is FAR FAR away from Balestier's 'animal farm' ...

    strange

  3. #3
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    Default explain please

    hi, like to clarify what 'animal farm' means. Thanks

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    Rather than looking at the price few years ago, a better benchmark will be the current property prices in other areas. In those old days, Novena areas was around $900 - $1100 psf and now is $1100 - $1300 for new projects. Balestier areas was $600 - $800 psf before and the current price range is around $800 - $1000. Other mass market new projects are $150 - $200 psf more than 5 years ago... so there is no premium price in Balestier or The Arte but a reflection of currently property price market.

    Another benchmark will be the HDB price. Look at the HDB price + $150 - $200 will be 99 years LH condo price. For FH project, just add another $100 - $200 psf from 99 LH condo

  5. #5
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    So what you are saying is that it's normal appreciation of land price? But shouldn't prices be depressed in this Market?
    Is it more worth it buying a resale FH condo that's cheaper?

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    Quote Originally Posted by miya
    So what you are saying is that it's normal appreciation of land price? But shouldn't prices be depressed in this Market?
    Is it more worth it buying a resale FH condo that's cheaper?
    Make it this way. Why developer need to launch Arte at below 800psf since Caspian, Micasa, livia launch at 6xxpsf and hmm...wat's the one at hougang tat launch at 850psf.

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    What's "fnb options"? Fxxx and Blow? Balestier is ok area lah. Quaint. If only govt would remake the area....

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    few reasons i can think of why condo price keep rising is

    1) Land price keep rising
    2) HDB (house is a necessity) price keep rising partially maintained by government policy
    3) Singaporeans are very rich

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    Quote Originally Posted by Allthepies
    few reasons i can think of why condo price keep rising is

    1) Land price keep rising
    2) HDB (house is a necessity) price keep rising partially maintained by government policy
    3) Singaporeans are very rich
    agree on item 3]...

    so many ppl start buying at this time....

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    Quote Originally Posted by orange
    What's "fnb options"? Fxxx and Blow? Balestier is ok area lah. Quaint. If only govt would remake the area....
    haha of course.. Food and Bev. Although some find it complicated, I like it. It's like a mini Hong Kong, quite unlike Singapore. You get a lot of old, but quality food establishments here.

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    Quote Originally Posted by Property_Owner
    Make it this way. Why developer need to launch Arte at below 800psf since Caspian, Micasa, livia launch at 6xxpsf and hmm...wat's the one at hougang tat launch at 850psf.
    I thought the Arte was launched at over $800? At least, that's what my friend told me.

    Caspian and Micasa a little too far from town. There's still a lot of space in CCK and Jurong. Hougang? I'm not sure... I know The Quartz was doing $650 psf in the good old days.

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    Quote Originally Posted by tericia
    hi, like to clarify what 'animal farm' means. Thanks
    I think poultry farm to be exact. Just kidding!

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    Quote Originally Posted by HCL


    Rather than looking at the price few years ago, a better benchmark will be the current property prices in other areas. In those old days, Novena areas was around $900 - $1100 psf and now is $1100 - $1300 for new projects. Balestier areas was $600 - $800 psf before and the current price range is around $800 - $1000. Other mass market new projects are $150 - $200 psf more than 5 years ago... so there is no premium price in Balestier or The Arte but a reflection of currently property price market.
    Well said, HCL. I agree. The Mezzo, for example is asking approx $840 psf (depending on level of unit) whereas a friend bought the Park Infinia for $850 psf a few years back. So yes, prices are still higher than 5 years ago.

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    why can't belastier be worth 1k psf when hillview condos n upper bt timah condos are already selling for mre than 1k psf? Belastier also near town.

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    Quote Originally Posted by miya
    I thought the Arte was launched at over $800? At least, that's what my friend told me.

    Caspian and Micasa a little too far from town. There's still a lot of space in CCK and Jurong. Hougang? I'm not sure... I know The Quartz was doing $650 psf in the good old days.
    Arte on average 880psf. I mean why developer need to launch below 800 since those in jurong and simei launch at 6xxpsf

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    u did not read carefully. Why wud Arte launch at 880psf when Hillview condo (Hillvista) and Park Natura alng Old Jurong Rd sold at MORE THAN 1000PSF?
    Quote Originally Posted by Property_Owner
    Arte on average 880psf. I mean why developer need to launch below 800 since those in jurong and simei launch at 6xxpsf

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    Quote Originally Posted by Regulators
    u did not read carefully. Why wud Arte launch at 880psf when Hillview condo (Hillvista) and Park Natura alng Old Jurong Rd sold at MORE THAN 1000PSF?
    So you mean Arte should be launch above 1k?

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    wat i mean is if ulu upper bt timah condos can sell at 1k psf and more in these times, i dont see why thomson or belastier cannot sell at similar or higher psf. Hillvista was advertised last wk at 990psf up n many units sold at 1kpsf for park natura so i dont understand why people are kicking such a big fuss over 9xx to 1k psf ptys in belastier.
    Quote Originally Posted by Property_Owner
    So you mean Arte should be launch above 1k?

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    belastier will sooner or later be classified as prime in singapore n it wont take a decade to see the place like anthr novena

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    You should shortlist all the localities similar in pricing to balestier, then take a drive through them - some give u a great feeling, some don't.

    Balestier is a poor cousin to joo chiat. The conservation status of both mean that wysiwyg for the foreseeable future wo devt potential. The traffic and 'messiness' of the area will remain. If you like that, and the great food that comes along wif em, then go for it.

    For the same amount, i would start looking at potentially 'undervalued' areas w huge redevelopment potential - e.g southbank

  21. #21
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    i dont think price of southbank has correctd much n 99yr dnt appeal to me. I knw it is in gov plan to transform kallang so guillemard wud sound like a gd area.

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    Quote Originally Posted by Regulators
    why can't belastier be worth 1k psf when hillview condos n upper bt timah condos are already selling for mre than 1k psf? Belastier also near town.
    What I understand few new developments in upper bt timah and bt timah projects are NOT selling well. e.g. Hillvista and Floridian are asking D11 pricing. Floridian even asking S$1300 psf in 2H 2008. The developers, tried to project D21 as another Holland Road and whether buyers buy this it is another thing. This is a supply and demand game, and price will automatic adjusted in mid / long term.

  23. #23
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    how do u explain park natura which was selling quite well during launch at 1kpsf?
    Quote Originally Posted by HCL
    What I understand few new developments in upper bt timah and bt timah projects are NOT selling well. e.g. Hillvista and Floridian are asking D11 pricing. Floridian even asking S$1300 psf in 2H 2008. The developers, tried to project D21 as another Holland Road and whether buyers buy this it is another thing. This is a supply and demand game, and price will automatic adjusted in mid / long term.

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    Quote Originally Posted by gfoo
    You should shortlist all the localities similar in pricing to balestier, then take a drive through them - some give u a great feeling, some don't.

    Balestier is a poor cousin to joo chiat. The conservation status of both mean that wysiwyg for the foreseeable future wo devt potential. The traffic and 'messiness' of the area will remain. If you like that, and the great food that comes along wif em, then go for it.

    For the same amount, i would start looking at potentially 'undervalued' areas w huge redevelopment potential - e.g southbank
    Wise advice. I stayed in Balestier more than 10 years ago, and thought that it one day too would be "gentrified". However, the place has changed very little over the years.

    As a point I find facsinating, when I stayed on Mandalay Road people used to praise me for having such a prime address. Later I moved over the other side of the Road, and suddenly the commenst were either 'sleazy place', "lotta fights" or "Oh, good food". Any my first place was actually closer to the road itself than the second!!!!

    To paraphase a more famous saying, district is what you pay for, but location is what you get. Or in other words, there are bad locations in good districts, and good loactions in bad districts.

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    Quote Originally Posted by Regulators
    how do u explain park natura which was selling quite well during launch at 1kpsf?
    If I can recall that Park Natura was launch during property peak time around $1K - $1.1K psf. Hillvista was launch much later and the price was $100+ psf more than Park Natura during launch. The take up rate was quite low compare with Park Natura as people felt with similar price, it can pick a better location. In late 2007 / early 2008, some of the projects in Balestier was about $1200+ psf and was fully sold. e.g. Pannacle 16.

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    so balestier is in a better location than hillvista, jardin, park natura when comparing amenities (park natura only has 1 nature park n 1 petrol kiosk opp, that is all) and proximity to town so that justifies my point that balestier condos deserves higher than 900psf at least. It makes very little sense to tell me that condos in the central ie RCR or CCR dont deserve 850psf when condos in the suburbs can sell for 1kpsf.
    Quote Originally Posted by HCL
    If I can recall that Park Natura was launch during property peak time around $1K - $1.1K psf. Hillvista was launch much later and the price was $100+ psf more than Park Natura during launch. The take up rate was quite low compare with Park Natura as people felt with similar price, it can pick a better location. In late 2007 / early 2008, some of the projects in Balestier was about $1200+ psf and was fully sold. e.g. Pannacle 16.

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    Quote Originally Posted by Regulators
    so balestier is in a better location than hillvista, jardin, park natura when comparing amenities (park natura only has 1 nature park n 1 petrol kiosk opp, that is all) and proximity to town so that justifies my point that balestier condos deserves higher than 900psf at least. It makes very little sense to tell me that condos in the central ie RCR or CCR dont deserve 850psf when condos in the suburbs can sell for 1kpsf.
    Yes, I agree with you. If you compare The Arte (full condo facilities) with other D21 projects and Nature Park, it is a reasonable price. That is why The Arte is selling well!

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    But ironically there are some nutheads in this forum who say D12 priced at 800psf is expensive and 700 or 800psf in jurong is okay....


    Quote Originally Posted by HCL
    Yes, I agree with you. If you compare The Arte (full condo facilities) with other D21 projects and Nature Park, it is a reasonable price. That is why The Arte is selling well!

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    I 100% agree with you that if condos in the OCR can be priced at 1000psf, why should condos in the central be pulled down to below 900psf? The whole load of condos in upper bt timah like nexus, mapplewood, floridian, garden vista, hillvista, etc are selling at 1k psf, so why should belastier be worse off in terms of location and amenities? I think this thread should be titled "It is time belastier be priced above 1000psf"


    Quote Originally Posted by Regulators
    so balestier is in a better location than hillvista, jardin, park natura when comparing amenities (park natura only has 1 nature park n 1 petrol kiosk opp, that is all) and proximity to town so that justifies my point that balestier condos deserves higher than 900psf at least. It makes very little sense to tell me that condos in the central ie RCR or CCR dont deserve 850psf when condos in the suburbs can sell for 1kpsf.

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    Quote Originally Posted by franzmark
    I 100% agree with you that if condos in the OCR can be priced at 1000psf, why should condos in the central be pulled down to below 900psf? The whole load of condos in upper bt timah like nexus, mapplewood, floridian, garden vista, hillvista, etc are selling at 1k psf, so why should belastier be worse off in terms of location and amenities? I think this thread should be titled "It is time belastier be priced above 1000psf"
    those in Bkt timah are expensive beocs of the SCHOOLS ..havent we all acknowledged it all these years ?

    if i get voted into PAP .. i will propose to move the so call good schools to balestier and move the shops, eateries, and what have you to Bkt Timah ...

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