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

  1. #181
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    Quote Originally Posted by andy
    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
    Indeed ... tt's why don't even need to compare with Centro mah.

  2. #182
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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?
    Are these people buying earning 8K or 15K household income?

  3. #183
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    Quote Originally Posted by AaronChong, SkyscaperCity, Friday 18 September 2009
    Marina Bay Residences Hits $2,500 psf

    In the Marina Bay area, transactions at Marina Bay Residences have once again reached stratospheric levels, with prices returning to levels seen in 2H2007. Sub-sales of units at Marina Bay Residences have steadily crept up from a low of $1,433 psf in April to a high of $2,500 psf in August. This is the highest price per square foot achieved not just in 2009 but since May last year, when a 3,961 sq ft penthouse on the 52nd floor changed hands for $10.7 million, or $2,700 psf.

    The 55-storey, 428-unit luxury residential tower is part of the first phase of the Marina Bay Financial Centre (MBFC), a multi-billion-dollar mixed-use development jointly built by the consortium of Keppel Land, Hongkong Land and Cheung Kong (Holdings). When the 99-year upmarket condominium first previewed in December 2006, all the units were snapped up at an average price of $1,850 psf within days without the need for an official launch.

    ..........
    ..........
    ..........

    In June and July, three units at Tower One of The Sail had been transacted for around $2,500 psf. A 1,776 sq ft, 67th-floor apartment was sold in July for $4.53 million, or $2,549 psf, which was the highest price psf achieved this year. The other two transactions were in June: a 936 sq ft apartment went for $2.34 million, or $2,499 psf, and a 2,174 sq ft unit changed hands for close to $5.48 million, or $2,520 psf. This is in stark contrast to early this year when sentiment was still weak and transactions from February to April saw the prices of some units plummeting to levels below $1,200 psf.
    Now we know why CEO Liew tried hard to keep Interlace's pricing between $1,000psf to $1,300psf.

    He is making every effort to ensure it is no more than half of MBR's.

  4. #184
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    Quote Originally Posted by andy
    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
    trevista and centro prices cannot be used as market benchmarks one, doing so will make ppl think oh 1k psf is soooooooo reasonable..

  5. #185
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    Quote Originally Posted by august
    trevista and centro prices cannot be used as market benchmarks one, doing so will make ppl think oh 1k psf is soooooooo reasonable..
    they using Metropolitan & Ascentia Aky as reference?

  6. #186
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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 =)
    huh? i thought immediate effect? MBT statement doesn't include Trees & Containers?
    http://forums.condosingapore.com/showthread.php?t=8276

  7. #187
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    I just checked out the place where they put that big Interlace model. 200+ units sold for 430 units available for sale. Don't feel it is too hot but for units that are so big, i think the sale is pretty good already considering last monday's announcement. THERE IS NO IAS AVAILABLE FOR THIS PROJECT. 2 bedrooms are indeed almost all taken up.

  8. #188
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    hehehe, interlace is nearer to the sea and both the IRs than those 2. the other thing is although nearer to mrt, those 2 are near hdb heartlands. there are not so many hdb blocks near interlace AND land area divide by number of units already cannot compete. those 2 sitting on such small plots of land and have such small (maybe uncomfortable sized) units.

    i would say this is ex but still reasonable. at least not as crazy as the other 2.



    Quote Originally Posted by cheerful
    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?

  9. #189
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    Quote Originally Posted by bargain hunter
    I just checked out the place where they put that big Interlace model. 200+ units sold for 430 units available for sale. Don't feel it is too hot but for units that are so big, i think the sale is pretty good already considering last monday's announcement. THERE IS NO IAS AVAILABLE FOR THIS PROJECT. 2 bedrooms are indeed almost all taken up.
    Most of the early released units are near the ayer rajah expressway, correct?

    The site is over 800,000 sqft. This is a massive development, like a residential city with its own retail shops...3 tennis+1 multipurpose courts

    I wonder how it feels to live in a such a big site development with over 1000 units. Is there anyone who can share any similar experiences

  10. #190
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    Quote Originally Posted by andy
    Most of the early released units are near the ayer rajah expressway, correct?

    The site is over 800,000 sqft. This is a massive development, like a residential city with its own retail shops...3 tennis+1 multipurpose courts

    I wonder how it feels to live in a such a big site development with over 1000 units. Is there anyone who can share any similar experiences
    big projects got its cons...i.e. 1000 over households sharing the pool?

  11. #191
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    Quote Originally Posted by bargain hunter
    hehehe, interlace is nearer to the sea and both the IRs than those 2. the other thing is although nearer to mrt, those 2 are near hdb heartlands. there are not so many hdb blocks near interlace AND land area divide by number of units already cannot compete. those 2 sitting on such small plots of land and have such small (maybe uncomfortable sized) units.

    i would say this is ex but still reasonable. at least not as crazy as the other 2.
    In Singapore context, anythings more then 2km is consider "far".

    It is a good project for own stay provided it is not those block next to AYE. For investment, HBL is not doing very well lately.

  12. #192
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    yeah, below 1k would be attractive. then again, these high floor units with pocketed seaview (without big balconies/patio) are priced at "only" slightly above the psychologically important 1kpsf. in effect, maybe only 5% more if you can stomach that.

    Quote Originally Posted by dtrax
    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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    the quality of life of people staying at caribbean with almost 1000 units seem to be doing quite ok it seems. $ value also keeps appreciating.

    actually, i checked out gillman heights and was surprised to find that alexander road facing is actually more noisy than AYE! Alexander road has a traffic light junction and is uphill. when the lorries accelerate up the slope, I could hear the loud noise from 10th floor which is about mid floor. AYE could only hear light humming. Between noisy Alexander Road + tennis + basketball court with west sun but with greenery view and "light humming" AYE, north east facing with open view, I'd rather pick the AYE hee. Lesser of 2 evils but i think down to personal preference.



    Quote Originally Posted by andy
    Most of the early released units are near the ayer rajah expressway, correct?

    The site is over 800,000 sqft. This is a massive development, like a residential city with its own retail shops...3 tennis+1 multipurpose courts

    I wonder how it feels to live in a such a big site development with over 1000 units. Is there anyone who can share any similar experiences

  14. #194
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    Quote Originally Posted by maisonjai
    huh? i thought immediate effect? MBT statement doesn't include Trees & Containers?
    http://forums.condosingapore.com/showthread.php?t=8276
    You are right. The recent policy changes do not affect the following:

    trees, containers, pavilions, watermarks, rivergates etc.


    Pavilion




    Watermark..............................Rivergate

  15. #195
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    yup, my conversation with cheerful was with regards to why other people are comparing centro/trevista with interlace. anyway, free shuttle provided for 5 years to vivocity. still couldn't convince myself to buy though. 800+k for a small 2 bedder a bit hard to stomach, let alone 1m+ for the bigger 2 bedder!



    Quote Originally Posted by isaaclim
    In Singapore context, anythings more then 2km is consider "far".

    It is a good project for own stay provided it is not those block next to AYE. For investment, HBL is not doing very well lately.

  16. #196
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    suddenly, pavillion becomes the number 1 choice project

    Quote Originally Posted by jlrx
    You are right. The recent policy changes do not affect the following:

    trees, containers, pavilions, watermarks, rivergates etc.


    Pavilion




    Watermark..............................Rivergate

  17. #197
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    LOL!!!!!!!

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    Quote Originally Posted by jlrx
    .

    haha ur this tree looks funny, i would think in the morning it will stand straight....101 Trees...should use this as a door gift during VIP preview.

  19. #199
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    $15k household can afford $3.3m property (the last time I calculated). These will go for core Orchard properties.

    Quote Originally Posted by andy
    Are these people buying earning 8K or 15K household income?

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    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by teddybear
    $15k household can afford $3.3m property (the last time I calculated). These will go for core Orchard properties.
    Are you sure?

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    Quote Originally Posted by teddybear
    $15k household can afford $3.3m property (the last time I calculated). These will go for core Orchard properties.
    Ya how u calculate one? Assuming 30% of monthly pay, take 80% loan for 30yrs.. should be around >1.5m < 2.5m

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    Quote Originally Posted by maisonjai
    haha ur this tree looks funny, i would think in the morning it will stand straight....101 Trees...should use this as a door gift during VIP preview.

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    Quote Originally Posted by jlrx
    OMG

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    Ops, can't find my calculator now. Think I taking 35%-40% monthly pay (treating property as investment).

    Quote Originally Posted by dtrax
    Ya how u calculate one? Assuming 30% of monthly pay, take 80% loan for 30yrs.. should be around >1.5m < 2.5m

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    Quote Originally Posted by teddybear
    Ops, can't find my calculator now. Think I taking 35%-40% monthly pay (treating property as investment).
    Are your calculations based on 3-4% interest? Had a friend who bought property in Australia, when the rates went up to almost 9% before the economic downturn, he almost literally 'tng-kor'. No entertainment, no eating out was the minimum.

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    thats one of the main reason the whole world like to buy properties in Singapore. Bank interest super low !!

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    An agent told me there will be a final release of 2 bedroom units at 10am this morning. After that, there will be no more release of 2 bedrooms until the showflat is up in February 2010.

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    Quote Originally Posted by bargain hunter
    An agent told me there will be a final release of 2 bedroom units at 10am this morning. After that, there will be no more release of 2 bedrooms until the showflat is up in February 2010.
    Why Feb 2010? to coincide with IR opening?

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    the showroom is only under construction now and will only be up in Feb 2010! People buying now are buying off plan and one impressive model, i must say, located opposite The Cosmopolitan at River Valley Road.

    Quote Originally Posted by xebay11
    Why Feb 2010? to coincide with IR opening?

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    Talk to the guys staying in caribbean, you will know. Caribbean is sitting on a land area in excess of 1 MILLION square feet with its own 24-hour 7-11 outlet in the basement carpark with 969 units.



    Quote Originally Posted by andy
    Most of the early released units are near the ayer rajah expressway, correct?

    The site is over 800,000 sqft. This is a massive development, like a residential city with its own retail shops...3 tennis+1 multipurpose courts

    I wonder how it feels to live in a such a big site development with over 1000 units. Is there anyone who can share any similar experiences

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