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Thread: The Interlace (D3, 99 years Leasehold, CapitaLand)

  1. #151
    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by jonleelk
    Exactly. Once enbloc, move on to other area.

    Why pay more and stay at the same place in a smaller home?
    They are not buying to stay, I believe many of them bought landed property or better units to stay, they want to buy to flip.

  2. #152
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    Quote Originally Posted by proud owner
    its between Queenstown MRT and future Labrador MRT

    can walk lah ...

    between 2 stations also means not near either of them
    That's the problem. Morning you wake up you step out of your house don;t know to turn left or right

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    Labrador nearer. Just very slightly above 1km and walking down slope on the way out no problem. Coming back home better take a bus.

    Quote Originally Posted by Property_Owner
    That's the problem. Morning you wake up you step out of your house don;t know to turn left or right

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    Quote Originally Posted by august
    but this is the nature of enbloc... if u wan to buy back same place sure got to pay a lot more
    If enbloc lose money, which developer want to do?

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    Quote Originally Posted by xebay11
    They are not buying to stay, I believe many of them bought landed property or better units to stay, they want to buy to flip.
    let them flip...at a BIG LOSS!

  6. #156
    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by jonleelk
    let them flip...at a BIG LOSS!
    Totally agree. They are too greedy and have no bounds.

  7. #157
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    Quote Originally Posted by Channel NewsAsia

    Experts warn bubble brewing in HK property market
    Leslie Tang
    Hong Kong Correspondent
    Channel NewsAsia
    Hong Kong SAR
    Thursday, 17 September 2009, 1909 hrs


    Private residential homes in Hong Kong

    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.

    But they believe there is a disconnection between what's happening in the property sector and the real economy.

    Some expect prices to plateau towards the end of 2009, and continue into 2010.

    "At best, a plateau for 2010, perhaps even a dip. Nothing dramatic, but just an adjustment or correction as reality prevails, if you like ... as people realise that the potential could be more job losses, and people feel vulnerable in terms of their employment. These sort of things could affect sentiment in the market," said Nicholas Brooke, chairman of Professional Property Services Ltd.

    Just this week, a local property agency announced it closed a sky-high deal on an apartment in a luxury development.

    A Hong Kong businessman paid US$3.2 million for a 816-square foot apartment in the Masterpiece development in Kowloon district.

    That is about US$3,850 psf - a record price for a one-bedroom apartment in Hong Kong.

    Realtors said that's enough to buy a second-hand luxury flat with three bedrooms in the city's prime mid-levels area.

    Economists warned that much of the prime property market has been buoyed by hot money from mainland buyers and investors, rather than end-users.

    "There's already a bubble, no doubt about it. But whether or not the bubble will burst away soon, or whether the bubble still goes on for a while, that's the issue," said Raymond So, Finance Department, Chinese University.

    The bubble is expected to burst once the hot money leaves the market, but when exactly that will happen is hard to predict.
    Quote Originally Posted by Channel NewsAsia

    Property prices in Taipei skyrocketing
    Christina Lo
    Taiwan Correspondent
    Channel NewsAsia
    Taipei, Taiwan
    Friday, 18 September 2009, 0028 hrs


    Taiwan property

    "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 are still experiencing a slump.

    Professor Chang Chin-eh, Land Administration Department, National Chengchi University, said: "The financial crisis should have lowered housing prices. It actually did for a while, but large sums of capital kept coming in as everyone expected greater cross-strait relations."

    Low interest rates have also boosted demand and attracted speculators to the property market.

    "Houses have become popular investment tools. News reports encourage people to put money into housing market since the interest rate is low. So, the prices go up," said Prof Chang.

    Residing in Metropolitan Taipei is not easy. A housing magazine's survey has showed that Taipei citizens will have to work over 23 years, without spending on eating or drinking, if they want to save up for a three-bedroom apartment.

    A 100-square metre home costs about US$630,000 in the Taiwanese capital – a huge sum, considering that the average income of people in their early 30s is just over US$2,000 a month.

    One said: "It's a huge gap. It's difficult to buy a house for a family that only makes US$1,600 per month."

    "The rich will get richer. They have more chances to invest, but the middle-class might suffer from limited income," another added.

    Prof Chang said: "You will become a mortgage slave if you buy an overpriced house. It's a heavy burden if you buy it. In Taiwan, there are too many over-consumption and over-investment. It's not healthy."

    Property prices are expected to go up by another 20 to 30% in the next two to three years.

    Analysts said if nothing is done about it, continued strong demand could lead to over-inflated prices, developing into a housing bubble.
    That ex-owner lady bought a unit at $1,000psf even as she claimed the facing is lousy.

    Just look at Hong Kong and Taiwan and you will know why she is undeterred by Minister Mah's latest actions.

    She has no choice. Singapore has no choice. We have to follow the market.

  8. #158
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    Quote Originally Posted by Reporter
    That ex-owner lady bought a unit at $1,000psf even as she claimed the facing is lousy.

    Just look at Hong Kong and Taiwan and you will know why she is undeterred by Minister Mah's latest actions.

    She has no choice. Singapore has no choice. We have to follow the market.
    You are right. Everyone has no choice now.

    All the governments in the world have no choice but to lower interest rates and flood the market with money.

    All the money have no choice but flow into the property market.

    All of us have no choice but to keep buying properties otherwise the market will leave us behind.

    All the governments have no choice but to keep emphasizing at the G20 summit that they have no choice but to continue flooding the market with more money because the "real economy" is still very sick.

    So this property bubble has no choice but to grow bigger and bigger while the "real economy" gets sicker and sicker ...

    And the the governments throughout the world have no choice but to keep pumping money into the sick "real economy" but instead the money is going into the property market.

    There is something wrong ... similar to the Jobs Credit Scheme which is supposed to save jobs but now the money has ended up in guess what ...

    Properties!

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    buy property stocks better =) can immediately "flip" and keep the money

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    An agent sent me a message saying 2 bedrooms for phase 1 have been sold out and only some units left for 3 and 4 bedrooms. He also said phase 2 will be launched tomorrow at noon. Unbelievable. Really can clear 300 units in a day?!

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    Quote Originally Posted by bargain hunter
    An agent sent me a message saying 2 bedrooms for phase 1 have been sold out and only some units left for 3 and 4 bedrooms. He also said phase 2 will be launched tomorrow at noon. Unbelievable. Really can clear 300 units in a day?!


    wow


    thats it ... clear sign to me ...

    STAY OUT

  12. #162
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    Quote Originally Posted by proud owner
    wow


    thats it ... clear sign to me ...

    STAY OUT
    LOL. What had you told me.

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    according to my agent @ DTZ he claims the era had 300 checks on hand. If that is true and not including the checks by DTZ, that is not surprising

    Looks like those who bot do not care whether the CEO tried to keep it below $1k psf.. they will still chiong to showrm to show support

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    Quote Originally Posted by bargain hunter
    An agent sent me a message saying 2 bedrooms for phase 1 have been sold out and only some units left for 3 and 4 bedrooms. He also said phase 2 will be launched tomorrow at noon. Unbelievable. Really can clear 300 units in a day?!
    Sigh..........Singaporean, Singaporean..........really super kiasu........never die before even after so many warning.........must wait untill bubble burst then happy.....sigh......

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    Quote Originally Posted by Property_Owner
    LOL. What had you told me.

    i was planning to buy a small unit there ..becos i like the design and location (greenery) .. and the fact that the CEO said he would not be greedy ..


    the way buyers are behaving .. is a clear sign to me .. when Aunties are chionging to buy .. i will stay out ... not that i thnk aunties are stupid , but simply becos i dont want to be part of a herd ..

    i dont want to be a victim of a stampede ...


    giving it a miss now ..

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    maybe look at it this way lor.... u like the place and project very much (subjective here, so no right or wrong).... and hearing that the price would be ard 900psf you are happy, and coupled with the dampening news, you were actually hoping that there would be less people to compete with you...you hope you awaits enviously to get your dream home... but then you realised the truth is far from what you had imagined, what do you do? chiong arhhhhhh.....human nature... at the back of your mind you think your own analysis is wrong, so you make a change to your original decision to follow the herd whom you suppose now are probably more 'correct'.

    well, me in no position to comment they are right or wrong... time will tell. if the mkt continues to chiong non-stop, those bears now will be obviously wrong, and vice versa.

    Akin to those who thought the rally from STI 1300 points till almst 2700 now... i bet those bears at ard 2000 would be 'wrong' on hindsight now and probably have turned bull also...

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    Quote Originally Posted by xtink
    maybe look at it this way lor.... u like the place and project very much (subjective here, so no right or wrong).... and hearing that the price would be ard 900psf you are happy, and coupled with the dampening news, you were actually hoping that there would be less people to compete with you...you hope you awaits enviously to get your dream home... but then you realised the truth is far from what you had imagined, what do you do? chiong arhhhhhh.....human nature... at the back of your mind you think your own analysis is wrong, so you make a change to your original decision to follow the herd whom you suppose now are probably more 'correct'.

    well, me in no position to comment they are right or wrong... time will tell. if the mkt continues to chiong non-stop, those bears now will be obviously wrong, and vice versa.

    Akin to those who thought the rally from STI 1300 points till almst 2700 now... i bet those bears at ard 2000 would be 'wrong' on hindsight now and probably have turned bull also...
    well hard for me to explain or describe

    just that i dislike crowd ...let alone follow others ..

    i do feel mkt has gone too far ..

    fact that poeple are chionging ..always turns me off and i wont want to be part of it ..

    i did make some money in property .. i buy what i can afford and feel is value for money , location that i like , need not be prime ...

    and yes last couple of years i made good money .. enouff for me ...

    and all these times i never once follow the herd ..in fact i always turn away when there is crowd .. i did miss a few big moves but never regretted ..

    my purchases were deemed lousy location, or cheap and no one likes .. .but i love them ..simply becos they are quiet .. serene .. and over the years many have agreed that they are indeed not bad location and last 2 yrs values are up almost 50 pct ..

    so just me and me alone .. i may miss the big move .. but i am happy to walk away from herd behaviour .. it hasnt failed me .. at least i dont regret

  18. #168
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    Quote Originally Posted by dtrax
    according to my agent @ DTZ he claims the era had 300 checks on hand. If that is true and not including the checks by DTZ, that is not surprising

    Looks like those who bot do not care whether the CEO tried to keep it below $1k psf.. they will still chiong to showrm to show support
    Perhaps we should credit CEO Liew for keeping Interlace's pricing below Centro's?

    As least Interlace has not hit $1,289psf yet!

    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of August 2009

    Project Name ....... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Centro Residences . OCR ....... 17 ......................... 1,289 ........... 1,231 ........... 1,134

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    actually 300 ERA cheques might have many duplicates for the "hotter" 2 bedrooms? Personally, I feel should only have sold 100+ or 200+ units yesterday but maybe by the end of this long weekend will clear off most of phase 1. Not sure how many they released but heard should be 300+ units so a sales number above 200+ should be quite good already given that there are many very very big units.

    Just got some updates from another agent, there are still 9 2 bedroom units available which will be available for sale in 1 1/2 hours time:

    the entire stack 26 #07 to #11 (north western most point of the development) nobody wants, $04-16, #11-27, #10-29 and #10-34 (the cheapest unit currently available at $1,059,600 or 1015psf). psf ranges from 1015 to 1089 and quantum from $1,059,600 to $1,124,200.

    the guide pricing for units available and sold yesterday:


    2 Bedrooms:#06-32 1302sqft $853psf to #12-18 807sqft $1170psf
    3 Bedrooms:#02-15 3477sqft $662psf to #12-24 1259sqft $1094psf
    3+1 Bedrooms: #02-36 3821sqft $650psf to #13-16 1604sqft $1050psf
    4 Bedrooms: #06-31 5808sqft 580psf to #16-24 2099sqft $1059psf

    Even though Mr. Liew disappointed most people, I feel the prices are not too unreasonable. The most expensive "budget" 1259 sq ft 3 bedder is 1.377m. The most expensive good sized 1,604 sq ft 3+1 is 1.684m and a few of these units come with pocketed seaview, so prices while expensive are not as exhorbitant as other projects after considering the good sizes.

    the so-called phase 2 launch is clarified as only throwing in those units which the ex-gillman owners did not take up. So I guess total would remain as 300+ units launched this week.

    actually, as there was no showroom or anything to see yesterday, not many buyers turned up. it was all agents ordely queuing up to get the units for their buyers.



    Quote Originally Posted by dtrax
    according to my agent @ DTZ he claims the era had 300 checks on hand. If that is true and not including the checks by DTZ, that is not surprising

    Looks like those who bot do not care whether the CEO tried to keep it below $1k psf.. they will still chiong to showrm to show support

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    Quote Originally Posted by Reporter
    Perhaps we should credit CEO Liew for keeping Interlace's pricing below Centro's?

    As least Interlace has not hit $1,289psf yet!
    Just b'cos Interlace priced just below record high Centro we have to give credit to CEO liew.

    What logic is this !!!

    But the Great thing is, there are still so many millionaires in Singapore.

    Millionaires Chiong Ah..........BUY BUY BUY before all gone!!!!!

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    yeah, the number of millionaires in sg continues to baffle me.

    i keep pondering whether the interlace has been priced "right". it seems like most of the units were kept below 1100psf so i think for more normal sized units the psf would be between 900 to 1100psf. if we build in a deserved big discount from Caribbean @ Keppel Bay where Keppel Land is selling "used" units at $1300psf and above, the discount seems "enough" to attract buyers. you get a brand new product in 4 or 5 years time and can slowly save up to make the progressive payment, yet there is no "new project" premium.



    Quote Originally Posted by Honesty
    Just b'cos Interlace priced just below record high Centro we have to give credit to CEO liew.

    What logic is this !!!

    But the Great thing is, there are still so many millionaires in Singapore.

    Millionaires Chiong Ah..........BUY BUY BUY before all gone!!!!!

  22. #172
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    I thought the Big bubble only just burst 1 year ago? No air in the bubble how to burst again so fast? Would probably take another 5 years or more before the bubble is large enough to burst (else what is there to burst)?

    Quote Originally Posted by Honesty
    Sigh..........Singaporean, Singaporean..........really super kiasu........never die before even after so many warning.........must wait untill bubble burst then happy.....sigh......

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    Honestly speaking, I was expecting the 3/4bedders (other than units with big balconies/patio ) to be priced more reasonably i.e below $1k psf.. I dun understand why muz compare to Centro in fact I would consider that as an outliner for anything by FEO since its always 20-30% higher, further more it is in an entirely different location. Given a choice I would rather get places like One-North with better prospects and at least places with shopping centres/amenities nearby or in tiong bahru.

    If die die muz buy would rather w8 and pay slightly more for better views and layouts

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    Quote Originally Posted by Honesty
    Just b'cos Interlace priced just below record high Centro we have to give credit to CEO liew.

    What logic is this !!!

    But the Great thing is, there are still so many millionaires in Singapore.

    Millionaires Chiong Ah..........BUY BUY BUY before all gone!!!!!
    Where got need millionaire to buy million dollar condo? I tot juz need 200k downpayment, borrow 80%, pray hard dun get fired and reduce lifestyle to bread n water everyday?

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    Quote Originally Posted by dtrax
    Where got need millionaire to buy million dollar condo? I tot juz need 200k downpayment, borrow 80%, pray hard dun get fired and reduce lifestyle to bread n water everyday?
    You are right man, I will save every of my single cent to live in my dream container.........

    And look like a miilionaire.........

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    if this project is doing well, it goes to show that removal of IAS has not effect. So much talk about filtering marginal buyers, there are still lots of buyers wanting to fill up the 31 containers.

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    Quote Originally Posted by bargain hunter
    yeah, the number of millionaires in sg continues to baffle me.

    i keep pondering whether the interlace has been priced "right". it seems like most of the units were kept below 1100psf so i think for more normal sized units the psf would be between 900 to 1100psf. if we build in a deserved big discount from Caribbean @ Keppel Bay where Keppel Land is selling "used" units at $1300psf and above, the discount seems "enough" to attract buyers. you get a brand new product in 4 or 5 years time and can slowly save up to make the progressive payment, yet there is no "new project" premium.
    U can think that way lah, then it does sound like this is not ex lor .... ut those two nearer to MRT (or IR) rite? Yah, no new project premium hor (can aruge like tt lah), but all got abit of "sea view" ...
    This comparison at least makes more sense than comparing Interlace with Centro ... where got the same? Centro even if got mrt so wat ... still further from town compared to this one rite?

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    Quote Originally Posted by maisonjai
    if this project is doing well, it goes to show that removal of IAS has not effect. So much talk about filtering marginal buyers, there are still lots of buyers wanting to fill up the 31 containers.
    Errr... think this one got IAS leh .. same as 100 Trees which a Hutton agent juz buzz me to confirm wor =)

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    Quote Originally Posted by dtrax
    Where got need millionaire to buy million dollar condo? I tot juz need 200k downpayment, borrow 80%, pray hard dun get fired and reduce lifestyle to bread n water everyday?
    LOL ... like the way u describe it .. MENTALITY

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    Quote Originally Posted by cheerful
    Errr... think this one got IAS leh .. same as 100 Trees which a Hutton agent juz buzz me to confirm wor =)
    IAS or not, it does not matter as along as the buyers feel that 1000psf is reasonable. At least it does not cost more than Trevista or Centro

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