After Sept sales, still 8 units left. Has developer up-ed the price? the highest sold in Sept is 1800+psf
After Sept sales, still 8 units left. Has developer up-ed the price? the highest sold in Sept is 1800+psf
might have come from the 20 plus floor 2+study units. was quoted 1800+ when i went there last month.
Originally Posted by chenjdd
Slightly lower than August's high of $1,846 psf?Originally Posted by URA
[FONT='Times New Roman','serif']Found this on the web. Viva sold out now except penthouses.[/FONT]
[FONT='Times New Roman','serif'][/FONT]
[FONT='Times New Roman','serif']KF Property Network (Member of Singapore Knight Frank Group)[/FONT]</SPAN>[FONT='Times New Roman','serif']Congratulations to our team at VIVA! All typical units SOLD!!! The last 3 penthouses in the development are released for SALE! VIVA is probably the best selling development in its class! Well done, Knight Frankers![/FONT][FONT='Times New Roman','serif'][/FONT]
This is what happens when Lincoln Suities starts to be successful @ selling above $1800psf.Originally Posted by ekl2ekl2
Understand the last few units were all bought by foreigners. In fact, one foreigner bought 2 units 2 bedder + 1 high floor at one go last week. Looks like foreigners are beginning to come back in a big way!
Are these Indonesians who only buy new properties?Originally Posted by moneyspinner
When are the buyers of resale coming back?
Understand that there were some subsales transacted for this development but do not know the details. Have to wait for the caveats lodged to know the details.
Foreigners back in private home market
Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China
Joyce Teo
The Straits Times
Thursday, 5 November 2009
New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter. -- Photo: Desmond Foo, ST
Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China.
New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter – above the 19.7% average since the start of 2000.
Buyers from China have dislodged those from India for the No. 3 spot in the rankings this year with a contribution of nearly 15% of total foreign purchases. This puts China just behind Indonesia in the second spot and Malaysia at No. 1.
In the past two years, India had been in third spot, but it has slipped to fourth.
Last year, buyers from China had moved up to the No. 4 spot, dislodging buyers from Britain.
Buyers from Myanmar featured more strongly, coming in at No. 8. They did not make it to the top 10 last year, and were 10th in 2007.
In the July to September period, foreign buyers – including permanent residents – lodged 2,448 private home caveats, a key step to buying a home.
This is up from 1,807 caveats in the second quarter and just 498 in the first, according to data compiled by Savills.
In all, permanent residents bought 1,389 homes in the third quarter.
DTZ said its preliminary data for the third quarter showed that foreigners accounted for about 25% of total sales, compared with about 33% during the boom of 2007.
The most popular project sought by foreigners was Sophia Residence, a project launched in July. Then came Caribbean at Keppel Bay, Ascentia Sky, One Devonshire and Viva.
Permanent residents preferred Melville Park, a 99-year leasehold condominium in Simei, the recently launched Trevista, followed by Caribbean at Keppel Bay.
About 54% of the purchases by China buyers were for resale homes, said DTZ head of South-east Asia research Chua Chor Hoon.
Like Malaysian buyers, buyers from China tend to prefer homes priced between $500,000 and $1 million.
One-fifth of them bought homes costing $1.5 million to as much as $5 million.
Indonesians, however, tended to go for higher priced projects, particularly those priced $1.5 million to $5 million.
They like properties located at Novena, River Valley and the Singapore River.
They had been the biggest group of foreign buyers, taking first place from 2004 to 2007, only to lose the spot to Malaysia during the recent economic crisis, said Ms Christine Sun, Savills Singapore’s senior research & consultancy manager.
The latest figures featured a substantial rise in the number of foreign transactions for higher-priced properties.
A total of 86 properties priced above $5 million were sold in the quarter, up from 27 in the second and a mere six in the first.
Also, there was a 60% rise in deals for projects costing between $1.5 million and $5 million. Demand from foreigners for mass market homes was little changed from the second quarter.
Savills said recent data showed that foreigners who are not permanent residents tend to buy more pricey projects.
This group was also more likely to buy homes in prime districts than permanent residents, said Ms Sun. ‘We are hearing that more of these super-rich mainland Chinese buyers have come in recent weeks to buy prime properties like the bungalows in Sentosa Cove.’
But the big influx of foreigners to the luxury market in the 2006-2007 boom has not quite returned, consultants said.
Still, support from regional buyers could rise further. Jones Lang LaSalle’s head of residential, Ms Jacqueline Wong, said the firm has had rising interest from new potential buyers from India, China and Russia in the past four months.
‘We are one of the places they are considering. They see Singapore as a safe haven,’ said Ms Wong.
A senior private banker at a foreign bank said: ‘We are seeing some clients consider buying a Singapore property as one of a string of homes they have around the world. Luxury homes have come down 30% from the peak, so they are better value now.’
DTZ’s Ms Chua said foreign buyers see the growing attraction of Singapore as a global city and expect prices to keep rising as the economy strengthens.
‘Prices of prime and luxurious units have not reached 2007 levels and there is still the potential of capital appreciation depending on the rate of economic recovery,’ she said.
according to the table provided, Novena still fav among Indo and Malaysians. Chinese budget, "Mostly between $500k and $1m and prefer Jurong West, Bedok and Kallang."
Originally Posted by Reporter
Confirm a 3 bedder resale was transacted at S$1,749 psf in Oct 2009!
Level 17th?Originally Posted by moneyspinner
Don't know. Can anybody help? But looking at the transacted prices, this development is already at the same level or even surpassing those at Newton!Originally Posted by andy
Wah, looking back, the somebody who bought at $1385 psf had got a big bargain & profit already! (never mind which floor or stack - better ones even greater value).
Originally Posted by moneyspinner
Heard that subsales were done from 16xxpfs to 17xxpfs.Originally Posted by moneyspinner
Current adverts asking prices from 1650pfs to 18xxpfs, comparable with developer sale prices at trilight.
Latest 3 transactions listed in streetsine.com AddressOriginally Posted by andy
Tenure
PSF
Area Sqft
Price
Contract Date
8 Suffolk Walk #24-10
Freehold
$1699
1528
$2597k
19 Oct 09
8 Suffolk Walk #17-09
Freehold
$1749
1324
$2315k
12 Oct 09
6 Suffolk Walk #29-05
Freehold
$1829
958
$1752k
08 Oct 09
Foreign property buyers go outside prime areas
Districts 9, 10 and 15 still rule, but Novena, Jurong, Balestier pick up
Joyce Teo
The Straits Times
Monday, 16 November 2009
Savills said district 12 - which includes the Balestier (pictured), Serangoon and Toa Payoh areas - has emerged as one of the top new choices among foreigners this year. -- Photo: ST
Foreign property investors are venturing out of traditional prime areas to snap up homes in other parts of the island.
A new study has found overseas buyers have become keen on district 12, which includes the Balestier area and which is associated with karaoke bars and lighting shops.
A Savills Singapore study found that districts 9, 10 and 15 have remained the top spots for foreign buyers over the past three years.
District 9 includes the Orchard and River Valley areas; 15 covers Katong, Joo Chiat and Amber Road, and 10 includes the posh Ardmore area, and the Bukit Timah, Holland Road and Tanglin neighbourhoods.
Districts 11 and 22 have become more popular thanks to the higher number of launches there, Savills said.
In the past three years, there have been at least 30 major launches in district 11 – Novena and Thomson – alone, including Viva, Park Infinia at Wee Nam, and Miro at Lincoln Road.
District 22 – it is centred on Jurong – has hosted launches of The Centris, The Caspian and The Lakeshore.
Savills said district 12, which includes the Balestier, Serangoon and Toa Payoh areas, has emerged as one of the top new choices among foreigners this year.
Its new projects include The Arte, Trevista, Vista Residences, Nova 48, Nova 88 and Domus.
‘These city-fringe projects are near to the city and yet relatively more affordable compared to core central projects,’ said Savills’ senior manager of research and consultancy, Ms Christine Sun.
Consultants say that in district 12, average prices have been lower, at about $900 psf compared with the over $1,000 psf that Novena, only a few hundred metres away, can fetch. However, the gap is closing, partly due to district 12’s increased popularity as well as the small units offered which have a higher per unit asking price.
A closer look at the sales data from the three most popular districts of 9, 15 and 10 shows that most of the foreign buyers came from Malaysia, Indonesia, mainland China and India.
In fact, they accounted for 73.9% of total foreign private property purchases in the first nine months, compared with 59.1% for the whole of 2007 when the market was booming.
A lot of foreigners came to Singapore to buy back then.
Many of the high net-worth buyers from Europe, Russia and elsewhere have not quite returned, property experts said.
But Malaysian buyer numbers have risen by 10% this year compared with 2007, although Indonesian investor numbers have fallen by 4%.
Mainland Chinese buyers are also up 7.4%, while Indian buyers rose 1.1%.
A recent Savills study showed that foreigners, especially those from China, were returning to the market.
Foreigners formed about 22.7% of private home sales in the third quarter – above the 19.7% average since the start of 2000.
‘Malaysians and Indonesians prefer prime districts 9 and 10, which tend to be higher-priced projects,’ said Ms Sun.
She added that mainland Chinese and Indian buyers bought more homes in the city fringe and outside of central regions, such as districts 15, 16, 18 and 22.
The properties in these regions tend to be relatively less pricey and more mass market.
Western buyers, including those from Australia, Britain and the United States, tend to congregate in certain districts, such as districts 9, 10 and 15.
The Japanese prefer district 9, while the Koreans are keen on districts 9 and 10, as well as 16, which includes Bedok and Upper East Coast.
District 9 has the highest concentration of foreign buyers, at 31%.
The other top districts popular with foreigners had a proportion of between 19 and 25%.
Slightly lower than August's high of $1,846 psf.Originally Posted by URA
Still have 3 units unsold as of end October.
Message deleted.
Viva
Address ........................... psf ................ Area ............. Price .............. Contract Date
6 Suffolk Walk #16-05 ..... $1,733 psf ........ 958 sqft .... $1,660,000 ..... 1 Dec 09
6 Suffolk Walk #29-06 ..... $1,801 psf ..... 1,044 sqft .... $1,880,000 ..... 9 Nov 09
Wah lau!
Flipped just before 3 months!
6 Suffolk Walk #16-05 ..... $1,733 psf ........ 958 sqft .... $1,660,000 ..... 1 Dec 09
6 Suffolk Walk #16-05 ..... $1,606 psf ........ 958 sqft .... $1,538,000 ..... 2 Sep 09
Small time flipper. After stamp duty it is like a xmas bonus. Do you think he would have done better to wait?Originally Posted by Reporter
I agree, Andy. Should have waited. Economy is picking up. Should be able to do better in FY2010. VIVA is a great project in a great location!
This X'mas bonus is quite small.Originally Posted by andy
Its value is smaller than $127,000 psf!
Can you believe it?
Why not wait for a profit of at least $127,000?
Even that is small.
I think he should hold for a longer period for a bigger gain.
Originally Posted by AFP
Hi Reporter,Originally Posted by Reporter
I like all your bullish news.
But don't you have any bearish news? We need some balancing acts as well.
You mean like "PAP I vs PAP II" instead of "PAP vs WP"?Originally Posted by andy
Just call up some agents. Sounds like quite a bit of people are looking around to buy. Should see some activities in the coming days!!!!!!!!!!!!
Heard a mid floor unit was transacted at $1,850 psf at this development recently!
Primary sale or subsale?Originally Posted by moneyspinner
Higher than August's all-time high of $1,846 psf?
Originally Posted by URA
Just advised from agent that buyers from Shanghai and Indonesia are looking for units in VIVA. Willing to pay above market prices. Sellers are welcome.
What price is considered 'above market prices'?
Originally Posted by moneyspinner