Originally Posted by bargain hunter
he's referring to Cosmo, not metro rite? the one at the big cross junction of river valley.
anyone hear about any action at the launch yet? almost 12pm liao.
Pai seh, eyes getting old
Junior
he's referring to Cosmo, not metro rite? the one at the big cross junction of river valley.
anyone hear about any action at the launch yet? almost 12pm liao.
Pai seh, eyes getting old
Newbie
I don't understand. If i have to pay an additional 2.5 per cent more. I am actually paying the interests, why call the scheme Interest absorption scheme?From today's business times:
Published September 25, 2009
Hundred Trees condo priced at $895 psf
By KALPANA RASHIWALA
CITY Developments Ltd (CDL) is said to have begun selling the first phase of the 956-year leasehold Hundred Trees condo in the West Coast area at an average price of $895 per square foot.
Buyers can opt for an interest absorption scheme (IAS) - but they'll have to pay 2.5 per cent more.
About 150 of the project's total 396 units are believed to have been released under the first phase.
Sales to former owners of the Hong Leong Garden Condominium - from whom CDL bought the site through a collective sale in 2007 - began yesterday. CDL staff as well as special guests were also invited to purchase units at Hundred Trees yesterday.
Junior
There is no free lunch in this world.. that is why IAS is for those who do not have the cash but yet die die wanna buy 1mil property..juz down 20% and start service loan upon top. If you have the cash, it would obviously not make economic sense to do so
Junior
Haha ... you are not the only one confused by the two *politans.Pai seh, eyes getting oldOriginally Posted by bargain hunter
he's referring to Cosmo, not metro rite? the one at the big cross junction of river valley.
anyone hear about any action at the launch yet? almost 12pm liao.
Just checked ... Cosmopolitan is creeping back towards $2,000 psf. Latest transaction is $1,858 psf.
Developer price was $1,447 psf. I remember the land was the former Times House belonging to Singapore Press Holdings which they sold to Wheelock for only $400 psf ppr (if I remember correctly).
That made SPH so angry that later it developed its own condo Soleil@Sinaran on their other site, instead of selling the land to developers.
Newbie
if a buyer takes bank loan, the interest paid till TOP may exceed 2.5% already. say 80% loan, 2% interest, wait 3 yrs, that's 4.8% interest, so developer absorb the difference? IAS not attractive to stayers who are financially more prepared, why not pay back principal asap.
Junior
Should be Sky@Eleven. Soleil is FCL.Haha ... you are not the only one confused by the two *politans.
Just checked ... Cosmopolitan is creeping back towards $2,000 psf. Latest transaction is $1,858 psf.
Developer price was $1,447 psf. I remember the land was the former Times House belonging to Singapore Press Holdings which they sold to Wheelock for only $400 psf ppr (if I remember correctly).
That made SPH so angry that later it developed its own condo Soleil@Sinaran on their other site, instead of selling the land to developers.
BE CENTRED BY ALL AT THE FRINGE OF THE CITY @
Junior
breaking news: hey I heard this morning all launched units sold !
Newbie
wuowoo ... heard fr agent ah?
F01 N54 Sheer Driving Pleasure
Maybe it isn't so surprising.
If D16 99LH Optima can sell at $1,071psf, why can't D5 999LH sell below $1,000psf?
Newbie
Heard samething. 7 stacks all sold. Now see whether CDL will release the remaining stacks this afternoon or not.
But not suprising. 7 stacks of 12 floors = 84 units. Huttons already collected 120 cheques.
Last edited by jonleelk; 25-09-09 at 13:45.
Senior
Waaaa....maybe they can launch the sequel: Two Hundred Trees.
Newbie
Err is tt relevant comparison.. tt's Optima's highest psf for last mth rite?
Newbie
Hi jonleek, do u know exactly how many units being launched? That hutton agent who sms-ed me nvr gave such info
Junior
So does that mean it will appear in news headline or not?
100 Trees overwhelmed with Hundred queues
Junior
why so hot although there are no bathtubs?
Which are the 7 stacks released?
F01 N54 Sheer Driving Pleasure
These Two Hundred Trees will probably be snapped up too.Waaaa....maybe they can launch the sequel: Two Hundred Trees.
Most likely these buyers know that Singapore market cannot act differently from its bigger brothers, namely South Korea, Hong Kong and Taiwan.
South Korea: Housing market sizzles again
Lee JunBok
The Straits Times
Friday, 25 September 2009
It is hard to miss the upbeat mood in South Korea these days. The latest economic indicators coming out of Asia’s fourth-largest economy show that the country is edging out of the financial doghouse that the world was thrown into late last year.
One indicator that analysts have pointed to is the slowly but steadily rising housing prices. The appetite to buy property has returned on the back of record low borrowing costs.
Since April, housing prices have climbed for 5 consecutive months, according to market data by Kookmin Bank. Last month, prices rose another 0.3% above the previous month.
Housing prices in Seoul, the economic heart of the country, have a bearing on prices nationwide, and they went up by 0.5%. Transactions also picked up.
'People are confident enough to buy houses because they sense they don’t need to hold on to cash any more,' said Mr Lee Chung Yeol, .....
..........
..........
..........
..... all that liquidity.’
Property prices in Taipei skyrocketing
Christina Lo
Taiwan Correspondent
Channel NewsAsia
Taipei, Taiwan
Friday, 18 September 2009, 0028 hrs
"To Let" or "For Sale" signboards were everywhere in Taipei when the global financial crisis hit in the fourth quarter last year.
The real estate industry was among the most badly affected. Weak demand for residential property and office space also caused a sharp fall in prices.
But a year later, property prices in Taipei have skyrocketed, while home sales in the West .....
..........
..........
..........
..... a housing bubble.
Experts warn bubble brewing in HK property market
Channel NewsAsia
Hong Kong SAR
Thursday, 17 September 2009, 1909 hrs
Hong Kong's residential property prices have rebounded this year by up to 30%, despite continued economic uncertainty.
Consultants said the property market is disconnected from the wider economic reality, while economists warned that a property bubble has formed.
Developers attribute the rise to record-low mortgage costs, near-zero interest rates and tightened supply.
Consultants predict property transactions will be around 20% higher in 2009, compared to the previous year.
..........
..........
..........
..... hard to predict.
Junior
Then can have trilogy sequel.. three hundred trees, it rhymes too
Junior
2 years later also head line, bubble burst. 100 tress sell @ loss
Newbie
No idea. Only know 7 stacks. 84 was just my guess as most are 12 floors.Hi jonleek, do u know exactly how many units being launched? That hutton agent who sms-ed me nvr gave such info
Senior
i think developer's sales price was sub 1000psf at the bottom of the market in 2005. sph later developed sky @ eleven not soleil @ sinaran.
Haha ... you are not the only one confused by the two *politans.
Just checked ... Cosmopolitan is creeping back towards $2,000 psf. Latest transaction is $1,858 psf.
Developer price was $1,447 psf. I remember the land was the former Times House belonging to Singapore Press Holdings which they sold to Wheelock for only $400 psf ppr (if I remember correctly).
That made SPH so angry that later it developed its own condo Soleil@Sinaran on their other site, instead of selling the land to developers.
Senior
strange, at around 2pm the sms i received was 150+ units released, all 1 bedrooms snapped up, some 2 bedders still available. No updates since then.
Junior
Yes after reading through
A bit confusing
understand and really appreciate the eagerness for the sharing
but forumer must bear some responsibility in their post
especially between fact and assumption.
Junior
Should be Sky@Eleven. Soleil is FCL.Alamak!
Pai seh ...
I also getting old.
Senior
Forest fire, all the 100 trees burn down haa haa....
Newbie
If combining both updates, likely CDL released additional units. Initial 7 stacks were "supposed" to be "all sold" within 3 hrs.
But again, we are just sharing what we get from agents.
Senior
The website is up.
http://www.hundredtrees.sg/
"Start your day with a hundred trees, end it with a thousand memories."
Newbie
Ok this is fact . Left the showroom at 2pm . 19 stacks were launched & 11 stacks were sold out by the time i left. All the 1 & 2 bedders launched were sold out within 2-3 hours.
Prices for 2 bedders ranged from $900 to $1045psf. Didn't have time to record prices for 1 bedder. It went in a blur. However prices for the bigger units are quite reasonable at $850-$950psf depending on level & facing.
Junior
2br is really small at 786sqft ... even at 1000psf still below 800k ... guess this is the selling point
Any complaints please PM me
http://www.businesstimes.com.sg/sub/...51777,00.html?
Published September 25, 2009
Hundred Trees condo priced at $895 psf
By KALPANA RASHIWALA
CITY Developments Ltd (CDL) is said to have begun selling the first phase of the 956-year leasehold Hundred Trees condo in the West Coast area at an average price of $895 per square foot.
In full bloom: The development takes its name from some 100 pink mempat trees that will line the project's walkways
Buyers can opt for an interest absorption scheme (IAS) - but they'll have to pay 2.5 per cent more.
About 150 of the project's total 396 units are believed to have been released under the first phase.
Sales to former owners of the Hong Leong Garden Condominium - from whom CDL bought the site through a collective sale in 2007 - began yesterday. CDL staff as well as special guests were also invited to purchase units at Hundred Trees yesterday.
The preview for other buyers who had pre-registered interest in the development begins today.
BT understands that one and two-bedroom apartments, and two bedroom-plus-study units make up around 40 per cent of total units in the 12-storey condo.
Prices of one-bedders, which are about 485 square feet, begin from over $500,000. Two bedders range from 690 to 786 sq ft while two-plus-study units are between 915 and 1,227 sq ft.
'With a relatively large proportion of smaller units, the absolute price quantum per unit has been kept relatively affordable,' a market watcher said.
Hundred Trees' average price is below earlier expectations in some quarters of about $930-$980 psf.
However, it is higher than the recent transactions in the West Coast area, noted analysts. Over the past few months, units at Botannia and Carabelle (both completed this year) have sold at a median price of about $800 psf while units at The Parc Condo, which is still under construction, have changed hands at a median price of about $850 psf, according to caveat data.
Analysts' estimates of CDL's pre-tax earnings from Hundred Trees vary widely, from about $75 million to $135 million, depending on the efficiency ratio (ratio of the project's total saleable area to gross floor area) and construction cost assumptions.
CDL paid $131.5 million for the 266,076 sq ft Hong Leong Garden Condominium plot. This worked out to about $363 psf of potential gross floor area inclusive of development charge, which was reported at about $23 million at the time.
The site is zoned for residential use with a 1.6 plot ratio. Some analysts have suggested that CDL's breakeven cost could be below $700 psf.
Hundred Trees takes its name from some 100 pink mempat trees, dubbed the local version of Japan's sakura or cherry blossoms, that will line the project's walkways. The location is popular with the Japanese community; there are Japanese schools nearby and Japanese restaurants in the Hong Leong Garden Shopping Centre next to the Hundred Trees site.
Although IAS was scrapped on Sept 14, a developer can still offer the scheme for a project if the developer and its partner bank have entered into an agreement before that date to offer IAS for the project and the developer has already offered units in the development for sale under IAS before the same date.
Other projects expected to be previewed in the coming weeks include Far East Organization's Alba, a 50-unit project at Cairnhill Rise that will have a 'white plan' similar to the group's Boulevard Vue project at Cuscaden Road where apartment layouts can be customised to individual buyers' preferences.
Far East is also expected to preview soon its 278-unit freehold Cyan condo at Keng Chin Road in Bukit Timah.
Starlight Suites at River Valley Close and Ho Bee's Trilight at Newton Road are also expected to be released soon.
Senior
Great job jsh! did you get a unit?
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