Centro

**tokbooncheng** · 16-10-09, 21:35

Originally Posted by proud owner

who is that ??

Richest man in Singapore!

**Property_Owner** · 16-10-09, 21:45

Originally Posted by proud owner

who is that ??

http://www.forbes.com/lists/2007/79/...Fong_QUOZ.html

**Property_Owner** · 16-10-09, 21:48

Originally Posted by tokbooncheng

Richest man in Singapore!

http://www.forbes.com/lists/2009/10/...mily_QUOZ.html

World #87. Sweet

**Reporter** · 16-11-09, 14:00

Originally Posted by Reporter

Err ... missed August's high of $1,289 psf by $39 psf leh.

Aiyoh!
Still missed August's high of $1,289 psf leh.
This time by $60 psf.

Originally Posted by URA

Private Residential Units Sold in the Month of October 2009

Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . RCR ........ 94 ............................ 4 ............................... 1,229 ............ 1,217 ............. 1,134

**focus** · 16-11-09, 14:46

Gosh.. Am I missing something here...
Here I am complaining about a FH landed at $1000psf in seletar as being overvalued ... but someone is so happy to snap up a 99LH condo for $1200++...

**lancelot** · 16-11-09, 20:06

Originally Posted by focus

Gosh.. Am I missing something here...
Here I am complaining about a FH landed at $1000psf in seletar as being overvalued ... but someone is so happy to snap up a 99LH condo for $1200++...

Location, location, location. There are plenty of FH condos in Upper Bukit Timah Rd and Upper Serangoon Rd that are priced below $800psf. If you are buying a LANDED property in Seletar, $1k psf is definitely overpriced. Landed is always cheaper than condo in the same location on a psf basis.

**focus** · 17-11-09, 00:01

Originally Posted by lancelot

Location, location, location. There are plenty of FH condos in Upper Bukit Timah Rd and Upper Serangoon Rd that are priced below $800psf. If you are buying a LANDED property in Seletar, $1k psf is definitely overpriced. Landed is always cheaper than condo in the same location on a psf basis.

Thanks.. will take a look at those. ..though preference is serangoon gardens and seletar hills for now

**proud owner** · 17-11-09, 00:36

Originally Posted by lancelot

Location, location, location. There are plenty of FH condos in Upper Bukit Timah Rd and Upper Serangoon Rd that are priced below $800psf. If you are buying a LANDED property in Seletar, $1k psf is definitely overpriced. Landed is always cheaper than condo in the same location on a psf basis.

like you said ...location location location

upp bkt timah ??? hillview-ish area ?

thats dist 23 i think ...

you think that location better than balestier ? if yes then you should buy there ..

and yes landed there is cheap too ...

**proud owner** · 17-11-09, 00:38

Originally Posted by focus

Thanks.. will take a look at those. ..though preference is serangoon gardens and seletar hills for now

between the 2 i would choose seletar hill est ...

serangoon gardens ..so so cramp ..tiny lanes ...
cant get a seat at the old fame CHomp chomp ..
potential workers quarter ...

Seletar hill ...serene ... peaceful .. prata ...

**proud owner** · 17-11-09, 03:35

Originally Posted by focus

Gosh.. Am I missing something here...
Here I am complaining about a FH landed at $1000psf in seletar as being overvalued ... but someone is so happy to snap up a 99LH condo for $1200++...

by the way ..who told you taht 1000 psf is expensive for seletar hill ?

you have to look at the condition of the house ..

for the old / original ..thats 600 psf (land) ..if it is brand new or 1-2 yr old .. you have to take into consideration the construction cost of 250-350 psf

so that makes it close to 1000 psf ..

otherwise you go buy the original 30 yr old house on a FH land and pay 600 psf and rebuild it yourself ..

the cost all in will still be 600+(250-350 psf) = 850-950 psf ...

not forgetting kitchen appliances, lightings etc are not included in construction cost

**focus** · 17-11-09, 14:39

Originally Posted by proud owner

by the way ..who told you taht 1000 psf is expensive for seletar hill ?

you have to look at the condition of the house ..

for the old / original ..thats 600 psf (land) ..if it is brand new or 1-2 yr old .. you have to take into consideration the construction cost of 250-350 psf

so that makes it close to 1000 psf ..

otherwise you go buy the original 30 yr old house on a FH land and pay 600 psf and rebuild it yourself ..

the cost all in will still be 600+(250-350 psf) = 850-950 psf ...

not forgetting kitchen appliances, lightings etc are not included in construction cost

The banks valuation is $1.8mil to $2mil versus the asking price of $2.4mil (even when i told the bank it is new).. So i guess it is a bit overpriced? I

Anyway, another property which is new but with 4000sqft land is going for $2.8mil (which is around $700-800psf).. also seletar hills. That's why now i move my target up to 2.8mil .. I rather pay mor to guarantee a profit at the time of purchase .. 700psf.. how to lose money..

But still looking around.. it's for staying.. my parents are the one who decidewhere to live..

**lancelot** · 17-11-09, 19:39

Originally Posted by proud owner

like you said ...location location location

upp bkt timah ??? hillview-ish area ?

thats dist 23 i think ...

you think that location better than balestier ? if yes then you should buy there ..

and yes landed there is cheap too ...

You missed the point. I am not recommending people to buy in Upper Bkt Timah area. I was responding to PP who asked why anyone would pay $1200psf for 99yr condo next to AMK MRT station compared to a 1,000psf FH property in the middle of nowhere. My answer is location. FH status is not everything. If it were, then FH condos in Upper Bkt Timah wldn't be so 'cheap'.

$1000psf for landed property in Seletar is definitely overpriced. No need to argue about it. Check URA website. The facts are there.

**danieltangtc** · 06-12-09, 03:04

still reckon centro is overpriced.

For 1200psf, you may as well get freehold D10 (more central location) at holland, mount sinai area. Relatively new developments. New devs in the area would include Lush@holland, Parvis, 6th Ave residences...to name a few...

**Reporter** · 15-12-09, 18:36

Originally Posted by URA

Private Residential Units Sold in the Month of November 2009

Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . RCR ........ 98 ............................ 4 ............................... 1,272 ............ 1,215 ............. 1,144

What a waste!
CR missed August's high of $1,289 psf by just $17 psf!

**Regulators** · 15-12-09, 23:51

people who buy CR are stuck for good with their units unless they sell at a loss. 99yr leasehold also a depreciating asset for areas not considered prime.

Originally Posted by Reporter

What a waste!
CR missed August's high of $1,289 psf by just $17 psf!

**Eldenfirefly** · 22-12-09, 11:54

sorry wrong post

**Reporter** · 16-01-10, 17:13

Originally Posted by URA

Private Residential Units Sold in the Month of December 2009

Project Name ...... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . OCR ....... 100 ...................... 2 ........................... 1,237 ........... 1,193 ........... 1,149

Can't break August's high of $1,289 psf.

**tokbooncheng** · 17-01-10, 08:26

Originally Posted by Reporter

Can't break August's high of $1,289 psf.

Maybe on the next up cycle....

Anyway FE can always rents out all their units even after
the project is ready & sell slowly....
If sell 2 units per month after 10 years also can sell all ma...
cos FE so rich & not listed... no need to answer to shareholders

**mantrix** · 17-01-10, 21:41

prices all falling below 1000psf when you do a search on google...

http://centroresidences.com/

http://www.iproperty.com.sg/property...minium-ForSale

the reversal has come?

**2824** · 18-01-10, 11:17

Dun think FE will cut prices. Guess they rather have centro be a slow sell rather than sell out and see others flip and earn "their" margin.

**dtrax** · 18-01-10, 11:23

Originally Posted by 2824

Dun think FE will cut prices. Guess they rather have centro be a slow sell rather than sell out and see others flip and earn "their" margin.

Haha correction I think imo it souhld be:

Guess they rather have centro be a no sales rather than sell out and see others flip and earn "their" margin.
Amaze how some of their condos like rafflesia almost 10yrs still not sold out?

**Reporter** · 18-01-10, 11:33

Originally Posted by mantrix

prices all falling below 1000psf when you do a search on google...

http://centroresidences.com/

http://www.iproperty.com.sg/property...minium-ForSale

the reversal has come?

Centro Residences has launched for quite some time now and yet these 2 websites are still talking about preview?

Are you posting these 2 not-updated/outdated websites to imply that URA lied in their data?
I suggest you think carefully before you answer. It has very serious implication.

**kane** · 18-01-10, 19:28

don't scare our friend la, anyway, maybe these 2 guys are tell you whether the prices are coming down since they're advertising at prices below the norm:

http://www.propertyguru.com.sg/listi...tro-residences
http://www.propertyguru.com.sg/listi...tro-residences

**mantrix** · 18-01-10, 20:19

Originally Posted by Reporter

Centro Residences has launched for quite some time now and yet these 2 websites are still talking about preview?

Are you posting these 2 not-updated/outdated websites to imply that URA lied in their data?
I suggest you think carefully before you answer. It has very serious implication.

LOL.

I did not imply anything, you did - I suggest also you think carefully before you answer then.

Go Google Centro Condo and this 2 websites appear on main page.

My suspicion is that if you care so much, and keep posting psf drops and increases on other threads, you are probably another of those agents who represent Centro and other properties - nice try but sorry I don't think anyone is going to bite.

**Reporter** · 02-02-10, 10:50

Originally Posted by Property_Owner, 16 October 2009

http://www.forbes.com/lists/2009/10/...mily_QUOZ.html

World #87. Sweet

I think Mr Ng has just passed away at 81.

**focus** · 04-02-10, 19:56

think they are really trying to move units at Centro..

just got a letter from FEO inviting all to Centro to attend a Fengshui talk..

and the letter talks about how amk have been transforming into a vibrant town...

so i guess the fengshui master will be talking about the fengshui features of amk to push sales

**Reporter** · 18-02-10, 00:41

Missed August 2009 all-time high of $1,289 psf by $56 psf.

Private Residential Units Sold in the Month of January 2010
Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . OCR ....... 107 ...................... 7 ........................... 1,233 ............ 1,170 ........... 1,164

**2824** · 28-02-10, 06:02

Heard that price is going to increase on 1st march, anyone to confirm?

**Reporter** · 28-02-10, 22:53

Originally Posted by 2824, 28 February 2010 7.02 am

Heard that price is going to increase on 1st March, anyone to confirm?

I guess the two of you will have to ask FEO.

Originally Posted by DKSG, The Shore Residences, 27 Febraury 2010 10.42 pm

I heard FEO is upping the price of The Shore ... Is this true ?

Any agents here to shed some light ?

**eddiehu** · 06-03-10, 16:41

There will be a price increase all across the island, if you still in 2008/2009 mood, please look at the prices all other developers is pushing.

Contact me 91881715 for an non-obligation equiries.

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