hmmm will D leedon buyers today be looking at same fate of Interlace, where close to TOP, CApland will lelong the rest of the units, like people sell CNY goodies this weekend?
Newbie
hmmm will D leedon buyers today be looking at same fate of Interlace, where close to TOP, CApland will lelong the rest of the units, like people sell CNY goodies this weekend?
Newbie
Still not really lelong yet.. Another 15% discount, will qualify as lelongOriginally Posted by smellyfish
Senior
no scare no scare
didnt we all read in this forum ... that most buyers of D Leedon are for OWN STAY ???
if in future price shoot up they sell they wud say they bought for investment
if price drop .. they say for own stay lor....
Senior
newspaper reported that interlace sold 15 last weekend out of the 300 units after the relaunch.
Senior
d'leedon already had discount ahead of interlace.
weekend sold 47 d'leedon, 15 interlace. 600+ d'leedon and 200+ interlace to go.
Junior
Interlace left with all the huge units, difficult to sell.
Senior
d'leedon now in the same position. <1400psf 3 bedders lower than #20 have all been sold.
so now either high floor, high psf, high quantum 3 bedders or low floor, low psf but still high quantum 4 bedders. lol!
Junior
even at $1300psf, a 150sqm unit at d'leedon will be almost $2.1m. This kind of quantum and unit size puts it in a different league and category of buyers.
in HK, one of the definition of luxury is unit size must be over 1,000 sqft. I think we are heading in the same direction. Size will be a premium.
Senior
at this rate, many hdbs will be luxury apartments by that definition and many suburban condos will not. lol!
Junior
and this is why u see buyers willing to pay over a million for those huge executive flats that hdb no longer builds.
Senior
the more 3 bedder compacts there are, the more bigger units will be desired.
Junior
look at urban vista, 4 bedder at 1044 to 1109 sqft. To even call it a condo is downright laughable, LOL.
Senior
they should call it 4 bed-let.
that's just ridiculous. you roll out of bed and you end up in the corridor shared by the rooms. another roll and you end up in the kitchen. madness.
Senior
guys, that urban vista "4 bed-let" is really a 3 bedder + a platform
Junior
So why tenants rent a 400sqft studio where they can rent a 3rm flat with some savings?
I am pretty amazed by the rentals of those geylang MM.
Junior
really? they are marketing it plainly as a 4 bedroom. Why is URA allowing such gross misrepresentation?
Senior
http://urbanvistasg.org/wp-content/u...Bedroom-DK.jpg
no no no no, they under-represent. it should be called a 4+study!
or more correctly a 3+study+furniture deck which can squeeze in a double bed and stare at a ceiling pretty close, more like a coffin.
Senior
oh, its dual key somemore, u name it, they have it. complete with double balcony and double a/c ledge lor.
Senior
This design if you roll off the bed you roll down the stairs.
Newbie
What are the differences between condo/apt and HDB besides size? That should be the reason
Senior
Is it possible to carry a queen bed up the platform?
Junior
For big projects with nice facilities and security, yes i can understand the difference. Trade off space for better lifestyle.
But for geylang mm boutique apartments?
Junior
some interlace bedrooms have FS issue. It is hanging by the air...
tdy STimes, show some owners not happy because of discount
Senior
http://www.stproperty.sg/articles-pr...-cuts/a/104432
Homing in on property price cuts
Earlier buyers may feel they lost out; others accept market conditions change
The Straits Times - February 8, 2013
By: Esther Teo, Property Correspondent
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CapitaLand projects such as The Interlace at Alexandra Road (above) have slashed prices by an additional 10 per cent, while d'Leedon in the former Farrer Court estate offered discounts of up to 15 per cent for some units. -- PHOTOS: FILE, SEAH KWANG PENG
DEVELOPERS who have been cutting prices following the new cooling measures risk angering buyers who bought at the earlier levels, say experts.
But developers claim that the recent discounting does not necessarily disadvantage early buyers.
Property experts say some buyers who have just shelled out on a new home will inevitably be unhappy when they see units at the same development suddenly going cheaper.
An industry player, who declined to be named, said price cuts are a sensitive issue and unhappiness with the developer can be expected with some buyers "banging tables".
"But you can't expect the best deal all the time, especially if the market has turned... When developers raise prices after a launch, they don't ask the earlier buyers to cough up more money instead," he said.
Some developers have cut prices amid concerns of a deluge of housing supply in the pipeline, coupled with the risk of the market slowing on the back of the tough new curbs.
CapitaLand projects such as 1,040-unit The Interlace at Alexandra Road have slashed prices by an additional 10 per cent, while 1,715-unit d'Leedon in the former Farrer Court estate offered discounts of up to 15 per cent for some units.
Far East Organization also offered further discounts of up to 5 per cent at eCO in Bedok and Seastrand in Pasir Ris recently, after the seventh round of curbs kicked in on Jan 12.
When asked if earlier buyers had expressed unhappiness at the discounts, A CapitaLand spokesman told The Straits Times: "Our buyers, in general, are aware that we consider the prevailing market conditions and offerings at other developments within the same area when coming up with promotional schemes.
"In fact, some buyers who purchased units earlier enjoyed more attractive pricing despite the current promotional discounts."
He pointed out that these buyers also paid lower stamp duties and had higher loan quantums so once these factors are taken into consideration, it would not be meaningful to compare prices of units bought at different times.
Another developer, who declined to be named, said the firm explains to earlier buyers that the price premium they might have paid is due to the choicer units being offered to them at the earlier launch date.
Even with discounts, prices rarely fall below the launch level, he added, as prices are typically inched up gradually as the project sells more units.
Price cutting is certainly not new.
Melrose Park, a 999-year leasehold project in the River Valley area, for instance, cut prices by as much as 40 per cent during the Asian financial crisis as the market bottomed out.
Mr Desmond Tan, who bought a one-plus-study unit for about $1 million at d'Leedon in early 2011, said the discounts on offer now are fair from the point of view of the developer.
"They want to clear more stock before more units enter the market. Of course, I would have liked to save some money but in life, you can't always get the best deal," he said.
"I'm resigned to the contract that I've signed and realistic about it."
Senior
it is quite funny how they use melrose park as an e.g. coz its also a capitaland project. its like re-emphasising, we have a track record of cutting prices during downturns.
Junior
They never mention Wharf Residence also cut prices in '09 crisis.
Actually times have changed. In the past the price cut in terms of percentage was quite significant. today it is a quantum game, after the past years of run up in prices, a delicious discount still means high quantum especially for big units.
Newbie
And if I may add, they did it with Floravale in 2001. Price cut and rebates in terms of unit trusts from SCB.
Recruit
I received agent's SMS, it says "...Interlace@ Alexandra Rd Mins to Labrador Mrt..."
Why can't they provide more accurate information?
Newbie
They never say by walking what...I received agent's SMS, it says "...Interlace@ Alexandra Rd Mins to Labrador Mrt..."
Why can't they provide more accurate information?
Such a mega project...want to provide shuttle service also not easy. one bus not enough haha
Newbie
5 years shuttle bus to harbourfront provided.
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