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.Originally Posted by jonleelk
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.Originally Posted by jonleelk
That's the problem. Morning you wake up you step out of your house don;t know to turn left or rightOriginally Posted by proud owner
Labrador nearer. Just very slightly above 1km and walking down slope on the way out no problem. Coming back home better take a bus.
Originally Posted by Property_Owner
If enbloc lose money, which developer want to do?Originally Posted by august
let them flip...at a BIG LOSS!Originally Posted by xebay11
Totally agree. They are too greedy and have no bounds.Originally Posted by jonleelk
Originally Posted by Channel NewsAsiaThat ex-owner lady bought a unit at $1,000psf even as she claimed the facing is lousy.Originally Posted by Channel NewsAsia
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.Originally Posted by Reporter
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!
buy property stocks better =) can immediately "flip" and keep the money
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?!
Originally Posted by bargain hunter
wow
thats it ... clear sign to me ...
STAY OUT
LOL. What had you told me.Originally Posted by proud owner
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
Sigh..........Singaporean, Singaporean..........really super kiasu........never die before even after so many warning.........must wait untill bubble burst then happy.....sigh......Originally Posted by bargain hunter
Originally Posted by Property_Owner
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 ..
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 describeOriginally Posted by xtink
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
Perhaps we should credit CEO Liew for keeping Interlace's pricing below Centro's?Originally Posted by dtrax
As least Interlace has not hit $1,289psf yet!
Originally Posted by URA
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.
Originally Posted by dtrax
Just b'cos Interlace priced just below record high Centro we have to give credit to CEO liew.Originally Posted by Reporter
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!!!!!
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.
Originally Posted by Honesty
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)?
Originally Posted by Honesty
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
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?Originally Posted by Honesty
You are right man, I will save every of my single cent to live in my dream container.........Originally Posted by dtrax
And look like a miilionaire.........
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.
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" ...Originally Posted by bargain hunter
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?
Errr... think this one got IAS leh .. same as 100 Trees which a Hutton agent juz buzz me to confirm wor =)Originally Posted by maisonjai
LOL ... like the way u describe it .. MENTALITYOriginally Posted by dtrax
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 CentroOriginally Posted by cheerful