Newbie
As mentioned by JohnTan, all stacks are released. 1 and 2 bdrm fully sold. 3 bdrm (04-25) and penthouse (12-18) left with 1 each. Remaining are all 2+1, 3+1 (stack 6 only left with 01-06) and 4 bdrm.Originally Posted by JohnTan
This development only has 396 units, cannot launch anymore.
According to jonleelk agent, 315 have been sold. that is 79.5% sold as of yesterday.
Newbie
Unless I'm wrong, it is not that easy to sell apartments that has TOPed. There is still a heavy premium for units not built yet versus units have been lived in eventhough they are a few months old.
Nevertheless it should improve the value of the surrounding estates.
Newbie
why 2+1 hard to sell ah?
also, i realize patio units are one of the least in demand?
Newbie
think the 2+1 balance are the extreme stacks and not much views.
Newbie
It depends on project. If only got 2+1 units or bigger, they are sure to be first to be sold out. You need to know the profile of buyers and whether it is for self stay or resale. For self stay, more fussy. For resale, cheaper ones will do better.
Junior
No leh.. most of the TOP properties are commanding more than their launch prices..Unless I'm wrong, it is not that easy to sell apartments that has TOPed. There is still a heavy premium for units not built yet versus units have been lived in eventhough they are a few months old.
Nevertheless it should improve the value of the surrounding estates.
The SeaView & The Sail as example
Newbie
Yeah, you are right. But is this for selected properties only? Seafront does not seem to be moving.
What resale properties are moving and what kind of properties are not moving?
Junior
#01-17 is going at only $795 with PES of 400 sq ft.
Good buy, facing the park and the 100 trees
Newbie
Just got a 1227sqft ground floor unit with patio (2+1 study) for around 960k. It's at the extreme end facing AYE. Works out to be around 782psf.
Good buy?
Newbie
Hi laguna, is that for 100 Trees? Care to share how u got that info pls..
About the TOP pricing, thot could be lower than launch price if firesales or owners change of mind. On the other hand, could be higher since potential buyers who really like the end product they see are willing to part by paying a premium (afterall, people 'queue' for them).
Any complaints please PM me
http://www.businesstimes.com.sg/sub/...95140,00.html?
Published September 26, 2009
CDL sells over 200 units at Hundred Trees
SALES at City Developments Ltd's (CDL) Hundred Trees condo in the West Coast area crossed the 200-unit mark by 6pm yesterday.
As at that time, CDL had released 280 of the total 396 units in the 956-year leasehold condo, the developer said in a release yesterday evening.
Earlier yesterday afternoon, CDL said that it had released a selected number of units for soft launch at an average price of $895 per square foot (psf).
However, BT understands that the above pricing was for the initial batch of about 150 units released on Thursday for a preview to former owners of Hong Leong Garden Condominium (from whom CDL bought the site for the project), CDL staff and a few special guests.
A further 130 units released yesterday were probably priced slightly higher, market watchers reckoned.
CDL is also offering interest absorption scheme (IAS) in exchange for a 2.5 per cent price premium. CDL did not provide a breakdown on how many buyers picked up their units on IAS.
Although IAS was scrapped on Sept 14, a developer can still offer the scheme if before that date, it had entered into an agreement on this with a partner bank and had already offered units in the development for sale under IAS before Sept 14.
BT understands that Hundred Trees' 200-unit sales figure as at 6pm yesterday includes nearly 40 units sold on Thursday. All 22 one-bedroom units have been sold and the two-bedders are substantially sold too.
One-bedders were priced from around $498,000 while prices of two-bedroom apartments began from about $655,000.
'The development has a high proportion of smaller units. That makes the lump-sum investment affordable,' observed Knight Frank chairman Tan Tiong Cheng. 'At that kind of price level, they have sold that many units . . . they've done a good job. The project has a nice name: Hundred Trees.
'Demand does not seem to be severely tempered by the recent government measures to cool the market,' he added.
DMG & Partners Securities analyst Brandon Lee said: 'In the mass market, anything priced between $800 psf and $900 psf will sell. Basically, there's a lack of alternative investment options out there amidst the current low interest rate environment and a lack of faith in financial products.'
CDL said yesterday evening that it will be releasing more units in the development to cater to the 'overwhelming response'. Hundred Trees is being marketed by CB Richard Ellis and Huttons.
CDL, part of the Hong Leong Group, is familiar with the West Coast area. In recent years, it has developed Monterey Park Condominium. And recently, it completed Botannia condo, a joint development with CapitaLand. 'CDL knows it's not that easy selling larger units in that location,' a market watcher observed.
Sources said that potential buyers who had submitted blank cheques by Thursday night balloted for queue numbers issued yesterday morning when the showflat opened. The balloting however was for a queue number to enter the showflat, and not for selection of units, unlike the ballot conducted in late July for the sale of units at Optima@Tanah Merah condo.
F01 N54 Sheer Driving Pleasure
They should have planted more trees.
Singapore population hits 5M
Melissa Pang
The Straits Times
Monday, 28 September 2009, 6.00pm
If you feel that Singapore seems to be more crowded these days, it's because the population here has hit almost 5 million.
The Population Trends 2009 report released by the Department of Statistics on Monday, revealed that the Republic's total population as at end June was 4,987,600.
About 75% are Singapore citizens and Singapore Permanent Residents (PRs), otherwise known as Singapore residents, and the remaining 25% are non-residents.
100 trees aren't enough for 5M people.
Junior
If I can quote the unit number, u can verify it yourself. The price was given to me by an agent on site. The price is low due to the 400 sq ft pes. It was not yet launched when there yesterday around 4pm+
Newbie
oh noted, thks laguna. Don't think good buy then
lol @ the post by Reporter ... he's funny lah, really a 'reporter' ... counting trees & population
Junior
I think 99% of the buyers did not even know what sort of trees, and how big it can grow, 100 trees, crack every way of the ground. Collect drop leaves, death flowers only, not talk about other problems, when the trees fall sick. All thought we have the Jp sakura...LOL...oh noted, thks laguna. Don't think good buy then
lol @ the post by Reporter ... he's funny lah, really a 'reporter' ... counting trees & population
Near to Jp schools, the buyers forgot this thing call "school bus".
Anyway, the architect is very creative. Maintenance after all is not their problems.
Junior
Very good buy!
Patio is very cool!
Can put a lot of things, like this cable car in this SMU Professor's house's patio.
The Edge Singapore, 28 September 2009.
A fortnight ago, Jeremy Goh, a director (academic) at Singapore Management University's (SMU) Sim Kee Boon Institute for Financial Economics, attended the private preview of The Interlace, which will be a 1,040-unit development on the site of the former Gillman Heights ...
"It's like a piece of art perched on the hill, unlike so many of the high-rise projects in Singapore," says Goh, who purchased a two-bedroom unit for around $900,000 ... "Twenty five years ago, we were a population of 2.5 million, and now we are at 4.8 million and want to grow to 5.5 million - and real estate is all about demographics ..."
The family moved into Citylights last year ...
When Mount Faber Leisure Group announced a $36 million makeover of the Singapore cable cars, ... Goh asked if he could buy one and bid $2,888 for a red cabin. It was delivered to his patio with the help of a mobile crane a fortnight ago and is the latest attraction among residents at Citylights.
Newbie
Thanks jlrx. Although I know lots of uses for a patio (bbq, outdoor benches/swings, flower bed, grass, vegetables, tall plants and even small trees), this is the first time I've heard of ppl putting a cable car in their patio. What's next?
Btw, the patio area @ hundred trees is huge and spans across three rooms. Maybe decomission an old car and put it in your patio so guests can admire the "antique"?
Newbie
Huge 1800sqft unit with big quantum of around 1.4m!
F01 N54 Sheer Driving Pleasure
Hundred Trees sells another 116 units
Joyce Teo
The Straits Times
Tuesday, 29 September 2009
Weekend buyers again flocked to one of the most popular recent mass market condominium launches, though the frenzied pace of selling of late last week appeared to have slowed slightly.
City Developments (CDL) said it had sold another 116 units at the weekend preview of its latest condo project Hundred Trees, bringing total sales to 316 units.
That is nearly 80% of the development, or more than 90% of the 350 launched units. The condo, which sits on the 267,598 sq ft former Hong Leong Garden condo site in West Coast Drive, has 396 units.
The average price achieved is about $910 psf, up from the initial price of $895 psf for the first 151 units sold, the developer said yesterday.
There was a ’slight adjustment of 1 to 2% increase in price’ for the subsequent phases, it said.
As with many recent launches, the smaller units were the first to be snapped up. CDL started the preview last Thursday and sold 200 units, including all the 22 one-bedders and most of the two-bedders, within two days.
The 66 two-bedders priced from $701,000 as well as the six penthouses costing $2.4 million to $2.6 million were sold out after the weekend.
CDL will be formally launching the 956-year leasehold condo for sale this weekend even though most units were sold in the preview.
About 25% of the buyers paid 2.5% on top of their purchase price in order to take up the interest absorption scheme.
The scheme allows them to defer the bulk of the purchase price until the condo is completed. This option was removed by the Government earlier this month, though projects that were offered for sale with the scheme before the removal can continue to do so.
CDL said 85% of the buyers were locals, and that they were a balanced mix of HDB upgraders and buyers who already live in private residential property.
Its group general manager Chia Ngiang Hong said the company observed that some buyers were keen to hold their units for investment or rental income in view of the upcoming redevelopment projects like Clementi Town Centre.
Any complaints please PM me
http://www.businesstimes.com.sg/sub/...52251,00.html?
Published September 29, 2009
Hundred Trees defies market chill elsewhere
Sales taper off at many projects as cooling measures start to seep in
By KALPANA RASHIWALA
(SINGAPORE) City Developments Ltd (CDL) sold a whopping 316 units last week at its Hundred Trees condo in the West Coast, a quarter of them on interest absorption scheme (IAS). Demand for most other projects, however, seemed to falter.
'Hundred Trees is amongst the last few developments where buyers may opt for IAS,' CDL noted in its press release yesterday. The developer has raised the 956-year leasehold condo's average price from $895 psf initially to about $910 psf. Those who buy on IAS pay a 2.5 per cent price premium.
It was a different story elsewhere as house-hunters ponder the implications of the Sept 14 measures by the government to cool the market. These include scrapping IAS and restarting confirmed list government land sales in first half 2010.
One property consultant even hazarded a guess that 'a pull-back in demand of 10 per cent is not unrealistic'.
BT understands that CapitaLand and its partners last week sold fewer than 20 units at The InterLace condo which will be developed on the Gillman Heights site, after selling 233 units the preceding week. No IAS is being offered for the 99-year leasehold condo.
Analysts point out that the project's pricing is also not compelling. Prices range from $850 to $1,150 psf though market watchers say that on average, the price is about $1,000 psf. The project's unique design may appeal to some but not others, they added.
InterLace also does not have any one-bedroom units, which typically involve a lower lump sum investment and tend to sell off fastest in projects, a market watcher said.
In the Marine Parade location, GuocoLand sold another 21 units at its freehold Elliot At The East Coast project last week. This brings total units sold to 66 units. The developer has released 80 of the total 119 units in the five-storey project at an average price of $970 psf. It is offering IAS in exchange for a 2 per cent price premium. So far four buyers have taken up the scheme. GuocoLand began selling the condo on Sept 19.
Sales at projects that have been on the market longer have tapered off. For instance, NTUC Choice Homes last week sold five units at its 99-year leasehold Trevista condo in Toa Payoh bringing total units sold to 478 units in the 590-unit condo.
So far this month, the developer appears to have sold 65 units. The average price currently is $935 psf, higher than $898 psf initially. The price premium for IAS buyers is 2 per cent. So far 21 per cent of the total 478 units sold have been on IAS.
Far East Organization sold 24 units last week at its various projects across the island. Its top selling projects were Waterfront Keys and Waterfront Waves in Bedok, Floridian in Bukit Timah, and Mi Casa in Choa Chu Kang.
BT understands several other projects on the island saw sales of just one or two units over the weekend. Meadows @ Peirce is said to have seen sales of two units and Trizon in the Mount Sinai area, just one unit.
A seasoned property consultant said: 'The market had cooled off slightly even before the Sept 14 measures as price resistance set in after rapid price increases between May and August. People throng showflats of newly released developments, looking for the best units and buy what they can afford. After that, it can be a slow climb in terms of sales volume.'
Most developers and agents have been arguing that the removal of IAS will not make a big dent on home sales as only a minority of buyers in projects where it is offered at a price premium have been taking up the scheme in recent months.
'However, it is not the removal of IAS but the overall message, that the government is monitoring the market closely and ready to do more if necessary, that is having a psychological impact,' reckons DTZ's South-east Asia research head Chua Chor Hoon.
'The Sept 14 package was a warning to market participants and a reminder to potential buyers to be careful,' she added.
A property agent told BT that some people have walked away from buying units in new condos from developers recently as prices at some just-completed developments nearby or projects which are nearing completion are about 20 per cent less in some instances.
CDL said yesterday that 85 per cent of Hundred Trees' buyers were Singaporeans.
'There was a balanced mix of HDB upgraders and buyers who hold private property addresses,' it added. All 22 one-bedroom units, priced from $500,000, and 66 two-bedroom apartments, priced from $701,000, have been sold,' it added.
All six penthouses costing between $2.4 million and $2.6 million have also been taken up. So far, CDL has soft launched 350 of Hundred Trees' total 396 units.
It will release the remaining units this weekend, when it does an official launch, involving an ad campaign.
Junior
Good idea!
The Goh family above plans to turn the cable car into "a little dining space for the family".
Are you allowed to put a ship in the patio? Maybe a small one, similar to this Hong Kong housing estate Whampoa Garden. Imagine one of this in your patio ...
Then you can use it as an additional bedroom and sleep in it ...
Wonder whether URA will allow?
Senior
a development like carribean or reflections probably can house one of these in their seaside patio.
Junior
Maybe small patio can put a small yacht like this ...
Quite cool to have this on your patio ...
Can hold a dinner party inside and entertain friends while imagining yourself out at sea.
F01 N54 Sheer Driving Pleasure
Just "snapped up" 2 trees with "hot money"?I think this price upswing is an asia wide event.
Properties across asia ( HK, China, Malaysia, Vietnam) have all increased in value these few years due to speculation & inflation.
My friends 320k 2 bed room at Kuala Lumpur Malaysia seri bukit celyon somerset almost thriple in value over 2 years. While my brother's 3 unit at Icon was bough at 800psf but sold at 1600psf.
My investment in Shenzhen Futian also increased from 7000yuan psm to over 18000psm now.
As long as the "HOT" money keeps pouring into asia, this property party never seems to end.
In singapore, the fever looks to be going on for many more years. I've just snapped up 2 units at hundred trees...now waiting for the money to grew on these trees
What kind of trees?
Money trees? Never heard of. Only know money plants.
Newbie
Some updates regarding balance units:
2+1 : 6
3+1 : 33
4 : 28
Junior
What are the prices psf for 3+1 units? I am interested in owning one.
Junior
just below 900 for bigger units. just got back from showflat.
the project pricing was really a shocker for me and the "sell out" was another shocker for me. bought botannia at 760psf and now it looks like a steal.
the smaller 915sq ft going for 900+ psf.
left about 30+ units in total not sold
Newbie
You can't compare 100 trees with Botannia, 100 Trees closer to Clementi and hence the premium.just below 900 for bigger units. just got back from showflat.
the project pricing was really a shocker for me and the "sell out" was another shocker for me. bought botannia at 760psf and now it looks like a steal.
the smaller 915sq ft going for 900+ psf.
left about 30+ units in total not sold
Newbie
200metres nearer??You can't compare 100 trees with Botannia, 100 Trees closer to Clementi and hence the premium.
Newbie
More than that, Botonnia can only compare to Infiniti, both near to Food industries and hence the air pollution.
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