Newbie
Managed to get a unit but because I was balloted late i didn't managed to get the floor i wanted . It is a 2 bedder on the quieter facing.Originally Posted by bargain hunter
Great job jsh! did you get a unit?hmm, around 800k for 2 bedder, 1m for 3 bedder and 1.25m for 4 bedder?
Junior
Wow Jsh
Thank you so much for the info
Newbie
Yes! Your guesses are around there. The showroom is indeed very packed the 4 bedder which is on the 2nd floor of the showroom you cannot happy happy just walk up and view. You need to queue because they scared too many people on the 2nd floor wait the floor collapse! Sort of like waiting for the corresponding number of audience to come down before you and your friends / agent can go up! Wah Lan A!
But having said that, I was a bit disappointed they giving Homo Tiles for the flooring; the 2nd bedroom is a tad smaller and overall impression of the project and its finishing is so-so only...
Newbie
Wah, this kind of news will make headlines tomorrow alredi!!!!!! Property prices - Cheong Arhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!Yes! Your guesses are around there. The showroom is indeed very packed the 4 bedder which is on the 2nd floor of the showroom you cannot happy happy just walk up and view. You need to queue because they scared too many people on the 2nd floor wait the floor collapse! Sort of like waiting for the corresponding number of audience to come down before you and your friends / agent can go up! Wah Lan A!
But having said that, I was a bit disappointed they giving Homo Tiles for the flooring; the 2nd bedroom is a tad smaller and overall impression of the project and its finishing is so-so only...
F01 N54 Sheer Driving Pleasure
Perhaps tomorrow headline is heavily influenced by today's "premium" headline?Wah, this kind of news will make headlines tomorrow alredi!!!!!! Property prices - Cheong Arhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!
Anyway, let those reporters work out tomorrow headline while I let those "premium" F1 cars zoom pass me by.
Got to go. The Porsche Carrera Cup Asia practise is on now.
Singapore's safe-haven premium
The Business Times
Friday, 25 September 2009
Amid the debate about the current state of the property market in Singapore, a survey report which came out this week might shed some light on why real estate here has rebounded faster than most pundits expected. The survey was commissioned by Reach, the Singapore government's feedback unit, and polled 360 new Singapore citizens and permanent residents, who were asked a number of questions about their newly adopted country. Among the survey's key findings were that:
® 95% would recommend Singapore as a place to live in
® 93.3% find the overall experience in Singapore better than expected
® 87.5% have no problems adjusting to Singapore's political system
® 80.6% find the cost of living here manageable.
Taken at face value, the survey results are a ringing endorsement for Singapore as a highly livable city. But yes, as noted by some, the positive findings are perhaps not surprising, given that the sample was drawn from those attending their citizenship certificate presentation ceremonies. 'They wouldn't be new citizens if they don't enjoy living in Singapore,' said sociologist Terence Chong of the Institute of Southeast Asian Studies.
But informal discussions with expatriates and permanent residents generally also yield similar responses: Singapore is a very easy-to-live city. Against the backdrop of Singapore's attractiveness as a city to citizens of the world, and our liberal immigration policies, it is little wonder that the number of residents in this small island has been rising at a steady clip in the last few years. As a direct consequence of that, demand for housing has also been rising. This explains, to some extent, the continued firmness of rentals as well as property prices.
While Prime Minister Lee Hsien Loong has - in part, responding to sections of the community which have voiced misgivings about the growing number of foreigners - said that there would be a slowdown in the influx of immigrants, that by no means suggests that the tap will be turned off. PM Lee also made clear that Singapore will 'need new immigrants for the indefinite future'. Wooing foreign talent to sink roots here will therefore remain a key policy, even if the numbers are calibrated from time to time. The existing bigger population base, and continued inflow of new residents, will ensure a minimum level of demand for new housing every year.
Meanwhile, Singapore has emerged from the economic crisis relatively unscathed, as a safe haven, an oasis of stability and a well-functioning 'hub city' in the world's fastest growing region. It will continue to attract human and financial capital from the region and the world. In a sense, ultimately, owning a property in Singapore can be likened to having a stake in a company run by the Singapore government. Just like bluechip stocks, it is not inconceivable that well-managed countries and livable cities too should enjoy a premium.
Newbie
Good Good..guess CDL share should jump next week...waiting for more capital gain...
Senior
hehehe, i managed to make it to the showroom at 9+, it was still open but just about to close by the time i left at 9.30. no more queue for 4 bedder showroom.latest is 200+ units sold out of less than 300 released. don't have exact figures. however, 2 whole stacks of 2+study on the 2 ends of the development released but ZERO takers. only the 1 bedrooms are sold out. 2, 2+study, 3 and 4 bedders still have available units. not as hot as optima but not too bad considering last monday's announcement. Headline but not really that attention grabbing i feel. i think it won't be so easy to sell out judging from the 2 whole stacks of 2+ study no takers at all.
Yes! Your guesses are around there. The showroom is indeed very packed the 4 bedder which is on the 2nd floor of the showroom you cannot happy happy just walk up and view. You need to queue because they scared too many people on the 2nd floor wait the floor collapse! Sort of like waiting for the corresponding number of audience to come down before you and your friends / agent can go up! Wah Lan A!
But having said that, I was a bit disappointed they giving Homo Tiles for the flooring; the 2nd bedroom is a tad smaller and overall impression of the project and its finishing is so-so only...
Junior
Why no takers for the 2 whole stacks of 2+study at the two ends of the development? Is there something wrong with them?hehehe, i managed to make it to the showroom at 9+, it was still open but just about to close by the time i left at 9.30. no more queue for 4 bedder showroom.
Junior
i'm interested to know how this will affect the price in the surrounding area; 2 bedders at 786sqft only going for ~900psf.
Think owners of Carabelle, Botannia, Infiniti owners can reduce their selling prices to less than 800psf given tat these 3 locations r far worse than Hundred Trees, more crowded and older
Newbie
i'm interested to know how this will affect the price in the surrounding area; 2 bedders at 786sqft only going for ~900psf.
Think owners of Carabelle, Botannia, Infiniti owners can reduce their selling prices to less than 800psf given tat these 3 locations r far worse than Hundred Trees, more crowded and older
well...u can wait long longbb
Junior
why??implying that demand in that area is not as strong as expected, bubbble bursting first at clementi AYE?
Newbie
stacks 3,8,11,15,19,20 & 24 are 2+study . They only launched stacks 8,15 &19 in the morning when i was there. WHEN I left at 2 pm stacks 8 & 19 were sold out with maybe 2-3 units left on stack 15. So unless they release new stacks at the last minute before closing I am not sure what you mean by no takers for 2 whole stacks.Why no takers for the 2 whole stacks of 2+study at the two ends of the development? Is there something wrong with them?
Newbie
Can you guys please get your facts right before posting. I was there in the morning & early afternoon. I noted the no. of stacks released & sold by the time I left at 2pm today. 11 stacks out of 19 stacks released completely sold out . So I would conservatively estimate that at least 65-70% of units were sold. I believe this is good demand by any standard.why??
Junior
It will be good if u can furnish us with the take-up rate for 3,3+S and 4 bedders. These are the units with >1mil quantum. The take-up rate of these larger units is a better reflection of the demand.
Senior
sorry to have started the confusion guys.let me clarify post by post.
I was there at 9.30 just before the close so maybe mine is a little more updated.
I believe more stacks have been released but the take up rate is still the same 65 to 70% of released units sold and forgot to congratulate you on your purchase.
Senior
the two 2+study stacks which are released (probably after you left) but zero take up are stacks 3 and 24. I think the reason for this is that they are at 2 extreme ends facing AYE yet not much of a pool view.
Senior
i only saw 4 bedders released 35 units, about half are sold. not sure about the other 2 categories (but take up rate should be better). ave price is around 1.3m or just under 900psf.
Senior
the 786sq ft 2 bedders are going for 940psf to 10xxpsf so average is around just under 800k. But yeah, i think those other condos 2 bedders prices should be capped below 800k as well.
i'm interested to know how this will affect the price in the surrounding area; 2 bedders at 786sqft only going for ~900psf.
Think owners of Carabelle, Botannia, Infiniti owners can reduce their selling prices to less than 800psf given tat these 3 locations r far worse than Hundred Trees, more crowded and older
Junior
I get the picture now. Stacks 3 and 24 were released later, after jsh has left in the afternoon.the two 2+study stacks which are released (probably after you left) but zero take up are stacks 3 and 24. I think the reason for this is that they are at 2 extreme ends facing AYE yet not much of a pool view.
Maybe in the evening the showroom has run out of buyers, or the buyers have run out of steam ...
How times have changed. Now even West Coast and Ang Mo Kio are talking about $1000+ psf !!!???
Last time that was supposed to be prime district pricing.
Very soon, even Johor Bahru will be $1,000+ psf.
Newbie
I've always been puzzled, now somehow convinced that Singaporean are quite ok with road traffic noise, it appears to me that near highway projects are not discounted vs. quieter projects.
New Launch Project Specialist
Yep now there is one seller and many buyers, so everyone get caught up with the hype, they will be heavily discounted vis a vis quieter projects in the resale market, when all the hype has died and there are many sellers and few buyers. Economics 101.
New Launch Project Specialist
So any buyers on this forum buy for own stay? I am trying to find out why they buy? It is already stated by a former resident that this location is not convenient as it is not near MRT at all, it is diffferent if you try to walk once or twice to try out and having to walk to MRT everyday. All amenities also must walk so far, or must drive out.
Also why must buy this development? All units AYE facing or afternoon sun facing, if it was me I would just walk away as no facing is good, so why compromise? You may stay there for life if you cant get sellers, aircon the whole day? Electricity bill will kill you, don't open windows for the source of discomfort? Why pay so much to suffer in stuffy house? Unless I can afford a no compromises private property, I would rather stay in quiet, breezy and nice HDB, with market and food stalls and all amenities imaginable at your door step.
I am curious, to why people buy into such developments for own stay.
Banned
People buy for different reasons. Some people value privacy and do not like markets, foodstalls or Kopi Tiam at doorstep. Anyway, the marketing of the landscaping and facilities by CDL is excellent. The marketing team of CDL did a good job....just look at the website on how they crave out "Hundred Trees" concept and associated it with memories. It is a very unique home no doubt... this Hundred Trees.
Newbie
The marketing is indeed good. But I still can't get over the fact that it does not have a rubbish chute in the unit. I wonder why CDL start off with this design, just like Botannia.People buy for different reasons. Some people value privacy and do not like markets, foodstalls or Kopi Tiam at doorstep. Anyway, the marketing of the landscaping and facilities by CDL is excellent. The marketing team of CDL did a good job....just look at the website on how they crave out "Hundred Trees" concept and associated it with memories. It is a very unique home no doubt... this Hundred Trees.
Newbie
The other 2 condo 2 bedders are bigger by 100 to 200 sq ft. if the reference price of hundred trees is any guide, those other condos should exceed 800k
Newbie
I still dont understand why is there a rush for new condos. You buy now with 20% and only enjoy it 3 yrs later. For current offerings, they give you planter boxes, balcony (somemore 2 in this development for 4 bedder), bay window and worse of all homo tiles. For 900psf price level, there are lots of value buy out there if we are not fixated on spanking new condos.
Junior
Who understand? The 3 project near 100 tress are selling cheaper, who no one rush to buy?
Optima was launch 8xx to 9xx right? Casa Merah was selling 7xx then, why people still choose optima?
Junior
I don't think so, now sellers at these 3 projects (botannia/carabelle/infiniti) are asking for similar prices to Hundred Trees even though these 3 projects are even further from Clementi central and amenities. So which will u choose if u die die have to buy here?
Junior
did they sell 200 units within hours?I don't think so, now sellers at these 3 projects (botannia/carabelle/infiniti) are asking for similar prices to Hundred Trees even though these 3 projects are even further from Clementi central and amenities. So which will u choose if u die die have to buy here?
Newbie
at current interest rate and over valued HDB prices, most pple will be comfortable to launch into new condos pushing 1000psf. let see how will they react when interest creep up to 4% at TOP. Similarly if 200 units can be snapped up in a matter of hours, let reverse the scenario that pple can also exit in masses when things turn bad. well for me i am not a risk taker so i never dare venture into 800 psf leashold let alone 1000psf fh.
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