Saw property guru people selling 450k to 500k for this studio!Originally Posted by august
Saw property guru people selling 450k to 500k for this studio!Originally Posted by august
Pay by cash should be ok. Borrow 80% then may not make $. So save enough money b4 TOP & borrow as little as possible... unless u able to flip b4 TOP.Originally Posted by azeoprop
If I have signed up for 80% loan, I can reduce the loan amount at a later stage? Or maybe lump sum pay out without penalty? Mine is the uob SOR + 1.25% loan, no lock-in period.Originally Posted by jitkiat
Think some of the posts are just agents trying to get your contacts and don't think they actually marketing 8@W. Also, it may attracts those who had bought a unit to be tempted to sell at those price.Originally Posted by azeoprop
your 80% loan gives you a buffer against a 20% fall in property values. ie if psf falls to $800psf and below, banks have a right to ask for topups. in jan 09, prices for FH one amber in d15 for studios was $810psf thereabouts.Originally Posted by azeoprop
only you can decide your risk appetite and buffer capacity
Why do you said it is better than one leicester?Originally Posted by august
I am not an agent or owner of one leicester. This is just my observation:
The $psf paid by azeoprop can get you a freehold unit on the 15th floor at one leicester with a pool view, facing the north with a view to the park, 6 minutes to Potong Pasir MRT stn, 8 minutes walk to St Andrew's village, with amenitites like wet market, food court, ... If azeoprop is going to rent it to students of the future international school, it may be a wrong move. If you look at the American School, most of the students are fetched by their parents or take (AS) school bus. They do not stay near there as most of them are on expatriate pay package. The parents or their companies have to pay a large sum of money just to secure a place in those schools. In fact, it may be more prone to attacks these days given the recent incidents in Indonesia. Hence, the properties around that area is not hot and did not go upmuch.
The above is just my observation.
Just realized from the ura website, I've paid the highest psf in the whole of 8@woodleigh!
So far its only 2 out of 30 studio units and yours is high floor as compared to the the other published unit to date; #03-10 $927 psf 398 sqf $369k 29 Jun 09. And looking at the date the caveat is lodged, it could be an internal sale unit.Originally Posted by azeoprop
relax bro, better or worse is up to individual mah..Originally Posted by DC33_2008
American sch at woodlands rite? not so relevant bcos it is really outside outside furthest from CCR liao, how to go up much?
Most recent transaction at One Leicester :-Originally Posted by DC33_2008
1 Leicester Road #03-09
Freehold
$825psf
1152sqf
$950k
16 Jun 09
And this is the lowest price unit within the last 12 months.
1 Leicester Road #05-04
Freehold
$763psf
904sqf
$690k
21 May 09
Last edited by sleek; 02-08-09 at 10:42.
An advert on the Straits Times today asking for $455K on the 11 floor for a similar unit of 398sqf.Originally Posted by azeoprop
Yah saw also, lets hope somebody buy, then I won't be the one who bought at the highest psf .... haa haa.
As long as yours is bought direct from developer and not subsale, then it won't be the highest psf.Originally Posted by azeoprop
if u have not exercised yr option and havent taken a bank loan, i would qyit while i'm ahead and cancel the purchase.Originally Posted by azeoprop
My question is what will be the upside of 8 Woodleigh? What is the rental yield given the high $psf if everyone is hoping to get good rental demand from the expatriate family at the International School? There is no news about the opening of the Woodleigh MRT stn and it is quite a walk from there.Originally Posted by august
This means that azeoprop can get a larger unit for what he pays for Woodleigh at One leicester plus all the additional benefits.Originally Posted by sleek
'upside' as compared to???? D20? D9? where?Originally Posted by DC33_2008
safe to say not 'everyone' is buying for rental ~
mrt is a matter of time, & this project isnt going to TOP for at least 2 yrs ~
anyway u shld ask those who r vested in this project, they likely can tell u more~
Dun like that lah, depends on absolute budget oso lah....Originally Posted by DC33_2008
...if like that see in pure $psf, I would say buy landed.....$400+ psf oso have -but absolute amt will set u back like a couple of millions....
You do not need to go far. Just compare to those condos that are near Potong Pasir MRT stn. BTW, I am staying at the Sennet Estate area and not far from this place. The park (Cemetry site) opposite Woodleigh is year marked for HDBs flats and maybe more condos. The reason for not opening the station is because it is not economically viable due to the low population around that region. The Serangoon MRT station (one station before Woodleigh) will have large shopping malls and anchor tenant like Isetan, NTUC, etc. One of the planning strategies includes alternative station with business centre and malls. So! there will not be any at Woodleigh for now. So it is a better bet at Potong Pasir MRT stn as there is a large site infront of the station next to Woodsville 28.Originally Posted by august
When do you think the HDB flats will be built? 10 years or 20 years later. The 99 LH development will only left with 89 or 79 years and with competing new condos and HDB. Do you think there will still be upside to it?
well i gave the one leicester, woodsville 28, and surrounding area a cursory recce last yr.. suffice to say the entire area does not appeal to me ~Originally Posted by DC33_2008
but i'm sure wat u said arent irrelevant
Given everything being equal, it make more sense if people go for Euro Asia Condo (not far from Woodleigh) which is quite a old development and wait for enblock. A qualifier: A do not have a unit there. It is rather disheartened to see people follow the herd and have not done enough research before going in for the kill but to be slaughtered instead and work hard for the bank for the rest of their life.Originally Posted by august
Think the problem with resale is that the bank valuation is lower than the selling price, so you will need more cash upfront.Originally Posted by DC33_2008
Also, I've had been inside Euro Asia Condo recently and the layouts are quite cramps and amenities is only a tiny pool, which probably explains it lower value.
Yah, at 427k, this is the cheapest quantum i can find for new launch liao. (should have woke up more early on that preview day last time to get that 10% off ha ha). Even optima studios start from 470k on 2nd floor, and fully blocked view.Originally Posted by southpark2000
Likewise its the absolute quantum that makes me decides on 8@W.Originally Posted by azeoprop
And also its situated within a Private development cluster, had good space utilisation and walking distance to MRT and amenities.
Originally Posted by sleek
Euro Asia has the potential for enbloc... it was 4 or 5 storey high only and that area can build up to 15th storey... freehold land somemore.
rumor that the address is actually, 4, woodleigh.. Can anyone verify? Smart of developer to name it 8@w.
Yup, but only when all the available land there are taken up. How long will that take then?Originally Posted by Pizza88
The 3 towers are No. 2, 6 & 8 Woodleigh Close respectively and the Clubhouse(MC office?) is No. 4.Originally Posted by hovivi
actually in SG, land is so scare, no problem lah, 10 yrs later when u want to sell, u be surprise, price may be higher than what u buy. Look at the HDB pricing, example, north bridge road. 20 over yrs ago, definitely less than 100k. 10 yrs ago was around 300k, 5 yrs ago was around 400k, now worth 600k. Buying ppty in SG can't be wrong, if u can hold.
Originally Posted by DC33_2008
very smart..Originally Posted by sleek