One Amber (D15, 999 years, UIC/Singland)

[jc]

East coast has one of the most recession defying prices. But don't forget, east coast rental sucks. For example, Esta 2+1 selling 1.1M. Rental only 3k. Pui. Can you imagine the yield? That is why East coast has a lot of home stayer and thus, the resistence. Got pros and cons.

Are u that unlucky landlord that get so low? The ones i heard at least $3.2k & above. And the most recent i heard a 3rm unit break lease got a new tenant at $500 more. Why? I reckon probably the bad timing when the lease was entered into when they TOP rite after Lehman.

Rental is better than the Sail rite? When it just TOP so difficult to get the studio rented out. Almost the whole project is begging for tenants. Then if non bay facing, studio rental can be as low as $3k or below, asking for similarly $1.1M.

[jc]

Yeap u r right. I have missed the boat . This is why my personal opinion is that anyone buying property now is commiting at very high price.

I don't understand the logic.

-Missed making $$ = Others are buying at high

Why don't u buy now as px will get higher as economy recovers?

[jwong71]

I don't understand the logic.

-Missed making $$ = Others are buying at high

Why don't u buy now as px will get higher as economy recovers?

Hoping for the worst to come,perhaps.?

Lower than the March.? Then all standby to buy in more soon.

[jc]

Hi all, last week I went into One Amber to view a few units which the contractors left the door open. I was very disappointed with the layout. The rooms are really small. Smaller than Seaview . Most of the units has the dining & living area separated by an air well. A 1300+ sqft unit looks cramp and small. Frankly, the layout is bad as compared to The Esta. Just sharing what I have seen with all. I will not consider One Amber due to the bad layout especially when most subsale units are asking for >$1160 psf. Not worth the $$.

Tks for sharing. It is what i believe from day 1 when i know OA that the layout sucks n i continue to believe so. If non-squarish layout are spacious & good Feng Shui, then the Forbidden City would be built non-squarish layout. The boxes & containers we use now would be non-squarish as well.

[proud owner]

That is why people miss the boat.

More than 10 years back, I can get a landed property for below a million. Now most landed properties are going for 1.5mil and up. What may sound high now may be normal in the future.

even at 1.5 mio now arent they cheaper than most LH condos ??

a nice house, FH, at 1.5 mio, though price appreciation is slow .. is better than a LH condo with volatile price fluctuation .. in my opinion

may not help me make quick money .. but at the end of the day .. i am happy with it and can afford it .. and its mine FOREVER

[proud owner]

East coast has one of the most recession defying prices. But don't forget, east coast rental sucks. For example, Esta 2+1 selling 1.1M. Rental only 3k. Pui. Can you imagine the yield? That is why East coast has a lot of home stayer and thus, the resistence. Got pros and cons.

i agree ...

i have many friends renting east coast becos they are much cheaper .. not becos they are good

[xebay11]

i agree ...

i have many friends renting east coast becos they are much cheaper .. not becos they are good

Cheaper only compared to prime, correct? Anyway when the EC MRT line is developed I am sure rentals will increase.

[proud owner]

Cheaper only compared to prime, correct? Anyway when the EC MRT line is developed I am sure rentals will increase.

east coast rental is lower than west coast ...

both condos and landed of similar size

[xebay11]

east coast rental is lower than west coast ...

both condos and landed of similar size

Really? I never knew this. Any stats?

[Squall8888]

I guess the difficult times for sail is over - when 1000+ units asking for rental. Using data from URA, Sail rental is one of the top. This kind of hearsay, friend rent out etc, shouldn't believe too much. East coast rental is really bad. Check out Cote A'zur or bayshore.

Are u that unlucky landlord that get so low? The ones i heard at least $3.2k & above. And the most recent i heard a 3rm unit break lease got a new tenant at $500 more. Why? I reckon probably the bad timing when the lease was entered into when they TOP rite after Lehman.

Rental is better than the Sail rite? When it just TOP so difficult to get the studio rented out. Almost the whole project is begging for tenants. Then if non bay facing, studio rental can be as low as $3k or below, asking for similarly $1.1M.

[xebay11]

Get used to the small size. More upcoming layouts will be heavily influnced by Disney's characters, especially Mickey Mouse. They will be much smaller.

Get used to compromises? Not at that kind of prices.

Then why bother to stay in new condos? The rooms are now already so small that once you put in a bed, there is no space for storage of text box, toys or study table, how are the older children supposed to study?

If the children have to study on dining table, might as well stay in HDB 4 room flat. I always believe that with the premium being paid for private property, life must be much better than HDB, or else just renovate HDB flat with killer interior design and you are good to go. Or else suffer all the snickers when your HDB friends visit your million dollar +++ cramped condo.

Most young families would be forced to move out of condos or upgrade / downgrade when children get older.

[Property_Owner]

East coast has one of the most recession defying prices. But don't forget, east coast rental sucks. For example, Esta 2+1 selling 1.1M. Rental only 3k. Pui. Can you imagine the yield? That is why East coast has a lot of home stayer and thus, the resistence. Got pros and cons.

East coast owner most are rich to thong the recession. So far so good. Costa Del Sol already cross 1300psf

[Property_Owner]

East coast owner most are rich to thong the recession. So far so good. Costa Del Sol already cross 1300psf

72 Bayshore Road #24-13
99 Yrs From 05/05/1997
$1311psf
1755sqft
$2300k
03 Sep 09

A leasehold 12 years old alr

[nochoice]

72 Bayshore Road #24-13
99 Yrs From 05/05/1997
$1311psf
1755sqft
$2300k
03 Sep 09

A leasehold 12 years old alr

the price v.nice but the unit number not very nice 2413 (die of hunger whole life).

[Reporter]

Yeap u r right. I have missed the boat . This is why my personal opinion is that anyone buying property now is commiting at very high price.

I think you are just being conservative (保守) - just like our government. Our government still continue to forecast a negative GDP growth for 2009.

"政府对全年经济预测的上调仍偏向保守。除波动较大的生物医药外，经济的其他领域都能维持增长势头，如电子业显示更多好转迹象，而服务业也出现转折。"

— 万德斯福德 (Robert Prior-Wandesforde)
... 汇丰银行经济师 (HSBC Economist)
... 星期二, 13-10-2009

[jc]

I guess the difficult times for sail is over - when 1000+ units asking for rental. Using data from URA, Sail rental is one of the top. This kind of hearsay, friend rent out etc, shouldn't believe too much. East coast rental is really bad. Check out Cote A'zur or bayshore.

If i don't trust my friends who are the owners of the condo, who can i trust better? U?

Why should i trust URA info better If i experience myself the agony of trying to rent out the studios, n knowing some studio owners in the same boat as me. Pls lah, good rental mostly for bay facing/ F/F units, need to cough out extra for the "good" tenants.

Lastly, why r u comparing apple vs orange? Might as well compare rental of Ardmore Park & Bayshore Park cos both of them have "Park"

[etml]

I guess the difficult times for sail is over - when 1000+ units asking for rental. Using data from URA, Sail rental is one of the top. This kind of hearsay, friend rent out etc, shouldn't believe too much. East coast rental is really bad. Check out Cote A'zur or bayshore.

How do u know east coast rental really bad? Hearsay? You got units in Cote d'Azur or bayshore? Guess not since u can't even spell CDA correctly.

[Property_Owner]

How do u know east coast rental really bad? Hearsay? You got units in Cote d'Azur or bayshore? Guess not since u can't even spell CDA correctly.

my TSV and Esta rental healthy leh. not bad

[venus]

my TSV and Esta rental healthy leh. not bad

Exactly! Ppl who talk down east coast properties are either ignorant or they hv hidden agenda.

[Squall8888]

URA data is the best. No hidden agenda and transparent. No hearsay. Actual data from the Singapore Government. Then again, people might say it is inaccurate or boast their unit is rented out at $7 psf but I guess URA shows an average. Not one off spectacular rental. And probably not for someone who say Government data is inaccurate.

Just take seaview, the rental is $3.67 psf. One year is $44 psf. Taking today asking around 1400psf, what is the yield? 3.1%. Take citylights for comparison. $4.20psf. Asking around 1250psf. 4%. 1% yield difference is a lot.

I am not talking down east coast properties. In fact, I love to stay at east coast but it is a fact. Hard fact and real data from Government. A lot of home stayer love east coast that is why prices are high. But no MRT, that is why rental is lower. Got pros and cons. Unless you bought at low, if not your rental yield is like shit.

Exactly! Ppl who talk down east coast properties are either ignorant or they hv hidden agenda.

[echotrain]

URA data is the best. No hidden agenda and transparent. No hearsay. Actual data from the Singapore Government. Then again, people might say it is inaccurate or boast their unit is rented out at $7 psf but I guess URA shows an average. Not one off spectacular rental. And probably not for someone who say Government data is inaccurate.

Just take seaview, the rental is $3.67 psf. One year is $44 psf. Taking today asking around 1400psf, what is the yield? 3.1%. Take citylights for comparison. $4.20psf. Asking around 1250psf. 4%. 1% yield difference is a lot.

I am not talking down east coast properties. In fact, I love to stay at east coast but it is a fact. Hard fact and real data from Government. A lot of home stayer love east coast that is why prices are high. But no MRT, that is why rental is lower. Got pros and cons. Unless you bought at low, if not your rental yield is like shit.

You are right. That is why in my opinion, you buy the east to live in and buy the central regions for rental revenue. Different purposes.

[Laguna]

Exactly! Ppl who talk down east coast properties are either ignorant or they hv hidden agenda.

let's wait for the outcome of Laguna Park, we shall know what will be the price for the East like

[Property_Owner]

Hey, One Amber had cross 1200psf

[WolleyDragon]

amazing.. imagine 6~7 mths ago, it was trading 800plus psf (even then, there were scaremongers saying it'll drop, that prices cannot sustain )...

[Property_Owner]

amazing.. imagine 6~7 mths ago, it was trading 800plus psf (even then, there were scaremongers saying it'll drop, that prices cannot sustain )...

I'm damn surprise that #22-13 can be sold at 1236psf. 14-08 was only sold 797psf. Damn, how can a lousy stack sell so high!!!!

[shespawn]

amazing.. imagine 6~7 mths ago, it was trading 800plus psf (even then, there were scaremongers saying it'll drop, that prices cannot sustain )...

yah loh, my friends were complaining abt the prices then. She was hoping for it to drop below 780psf, but now... it's unreachable for her. at the end of the day, if you can afford for your own stay and you really like it, just buy it loh.

[Property_Owner]

yah loh, my friends were complaining abt the prices then. She was hoping for it to drop below 780psf, but now... it's unreachable for her. at the end of the day, if you can afford for your own stay and you really like it, just buy it loh.

Agree pal. Own stay buy within your means. Why bother 20psf. Once miss the window now even Casa Mera also hard to find 780psf.

[shespawn]

Agree pal. Own stay buy within your means. Why bother 20psf. Once miss the window now even Casa Mera also hard to find 780psf.

her budget of only 800k can't get her a new 3br condo in East Coast. Recommended Casa Merah, but she hiam the grilles, hiam the finishings.. now also regret neber buy.

[xebay11]

her budget of only 800k can't get her a new 3br condo in East Coast. Recommended Casa Merah, but she hiam the grilles, hiam the finishings.. now also regret neber buy.

Tana Mera Crest and Tropica are also part of the choices, anyway this type of ppl should remain in HDB as they do not have the financial clout for private properties.

[alamak]

Tana Mera Crest and Tropica are also part of the choices, anyway this type of ppl should remain in HDB as they do not have the financial clout for private properties.

Sometime not having financial clout may be a real blessing in disguise. Being too gungho against your affordability level can be deadly.