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Thread: The Shore Residences (D15, 103 years leasehold, Far East Organization)

  1. #1
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    Default The Shore Residences (D15, 103 years leasehold, Far East Organization)

    Mins to Parkway Parade....

    Located Behind Seaview~~

    Near to East Coast beach~~

    Short Drive to City

    Near to Good schools~~

    Indicaition Price

    6XX k /1125 psf for 1 bedroom (590sf)

    1220 psf for 2 (900 sf)bedroom

    Take note that those gave cheques are given

    the pripority for viewing when is ready(eg siteplan,fl plans)

    Sms at 90686016 to for reservation now!

  2. #2
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    now it's not the time to buy D15.

  3. #3
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    is the showflat up already??

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    The price is not expensive for studio if is $1125psf. Is it freehold or 99LH?

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    why is 2 bedroom psf higher than studio?

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    The former Rose Garden was a FH plot. But $1125-1200psf is an unusually low price coming from FEO. That is, if you consider Seaview is selling for $1200 to$1400psf, One Amber (FH, not 999) is selling for $1100-1250psf in the subsale market. I would expect FEO to position The Shore at the same level as Seaview in terms of pricing.

    So, my suspicion is 99 leasehold.

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    Quote Originally Posted by G17
    The former Rose Garden was a FH plot. But $1125-1200psf is an unusually low price coming from FEO. That is, if you consider Seaview is selling for $1200 to$1400psf, One Amber (FH, not 999) is selling for $1100-1250psf in the subsale market. I would expect FEO to position The Shore at the same level as Seaview in terms of pricing.

    So, my suspicion is 99 leasehold.
    that means it is a freehold land but they sell it at 99 LH. But I don't understand why FEO would want to do that?

  8. #8
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    Smile

    Quote Originally Posted by nochoice
    that means it is a freehold land but they sell it at 99 LH. But I don't understand why FEO would want to do that?
    FE want to control D15 LH pricing. By selling $1,2xxpsf, many of us will feel that SliverSea are selling at good pricing !!! Todate SliverSea only sold less than 100 units. $1,3xxpsf next to parkway and The Shore Asking for $1,2xxpsf . Win win for FE la.
    FH land they sell 99 LH project, No en-block in future. FE will take it back again.
    Better buy SeaView man.

  9. #9
    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by East Coast Boy
    FE want to control D15 LH pricing. By selling $1,2xxpsf, many of us will feel that SliverSea are selling at good pricing !!! Todate SliverSea only sold less than 100 units. $1,3xxpsf next to parkway and The Shore Asking for $1,2xxpsf . Win win for FE la.
    FH land they sell 99 LH project, No en-block in future. FE will take it back again.
    Better buy SeaView man.
    Confirm that it is selling as 99LH status?

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    Quote Originally Posted by East Coast Boy
    FE want to control D15 LH pricing. By selling $1,2xxpsf, many of us will feel that SliverSea are selling at good pricing !!! Todate SliverSea only sold less than 100 units. $1,3xxpsf next to parkway and The Shore Asking for $1,2xxpsf . Win win for FE la.
    FH land they sell 99 LH project, No en-block in future. FE will take it back again.
    Better buy SeaView man.

    can like that meh ?

    launch a LH project on a FH land ?

  11. #11
    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by proud owner
    can like that meh ?

    launch a LH project on a FH land ?
    I don't see why not if you own the land.

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    Quote Originally Posted by xebay11
    I don't see why not if you own the land.

    if URA allows this ... then people better buy FH ...

    FEO damn smart ... if this is true and goes thru ...other developers will do the same ...

    ultimately the big developers will own the island ...

    so we die die buy FH .. and landed house

  13. #13
    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by proud owner
    if URA allows this ... then people better buy FH ...

    FEO damn smart ... if this is true and goes thru ...other developers will do the same ...

    ultimately the big developers will own the island ...

    so we die die buy FH .. and landed house
    That is why I say many times, property, whether landed or strata titled, FH is the only way to go. Next time even strata unit owners must be smart and enbloc their land to developers as 99yr LH and not FH.

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    Quote Originally Posted by proud owner
    can like that meh ?

    launch a LH project on a FH land ?
    Dunman View is a good example from FEO.

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    $1125psf for 1 bedder - $666k for 590sqft

    $1220psf for 2 bedder - $1.15Mil for 900sqft


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    shesellsseashellsontheseashore

    say fast fast 100 times perfectly then feo will give $100psf discount

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    Quote Originally Posted by proud owner
    can like that meh ?

    launch a LH project on a FH land ?
    Livia by City Dev is one example. You have to en-bloc back to them, so no bargaining power...

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    Quote Originally Posted by proud owner
    can like that meh ?

    launch a LH project on a FH land ?
    Example:
    HDB owns all the public housing as freehold but sells as leasehold.

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    Quote Originally Posted by East Coast Boy
    FE want to control D15 LH pricing. By selling $1,2xxpsf, many of us will feel that SliverSea are selling at good pricing !!! Todate SliverSea only sold less than 100 units. $1,3xxpsf next to parkway and The Shore Asking for $1,2xxpsf . Win win for FE la.
    FH land they sell 99 LH project, No en-block in future. FE will take it back again.
    Better buy SeaView man.
    I don't see the point, even if is LH, a developer has to wait for 30-40 yrs, before enbloc, if then the seller don't agree with the price, then what? the developer has to wait until 90 yrs before FE will take it back?

  20. #20
    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by nochoice
    I don't see the point, even if is LH, a developer has to wait for 30-40 yrs, before enbloc, if then the seller don't agree with the price, then what? the developer has to wait until 90 yrs before FE will take it back?
    Thank about it, wait 90 years also still better than not at all.

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    Quote Originally Posted by nochoice
    I don't see the point, even if is LH, a developer has to wait for 30-40 yrs, before enbloc, if then the seller don't agree with the price, then what? the developer has to wait until 90 yrs before FE will take it back?
    99lh, enbloc years down the road, pay govt to top up for new devt- usually govt will okay applications in line w urban renewal plans.

    in this case, what if feo refuses to extend lease which is in their right? are future owners stuck?

  22. #22
    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by gfoo
    99lh, enbloc years down the road, pay govt to top up for new devt- usually govt will okay applications in line w urban renewal plans.

    in this case, what if feo refuses to extend lease which is in their right? are future owners stuck?
    Ah bu den.

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    Later when the project turns 20 years, the value will drop drastically, as only FEO can dictates the prices of the premium to top up the lease or who to enbloc to

    FEO is the only winner here

    Buy Seaview

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    Yup, buy Seaview is better then the other 2 by FEO, never support Mr Ng

  25. #25
    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by Property_Owner
    Yup, buy Seaview is better then the other 2 by FEO, never support Mr Ng
    Problem with Seaview is that it is blocked front and back by FEO projects

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    Quote Originally Posted by xebay11
    Problem with Seaview is that it is blocked front and back by FEO projects
    For enbloc which one will go first?

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    Quote Originally Posted by xebay11
    Thank about it, wait 90 years also still better than not at all.
    then, if thats the case, I don't think is fair to the buyer.... wonder will the buyer know that its a FH land selling as 99LH. Anyway we talk so much also don't know confirm or not, can any agent confirm that it is selling as 99LH? Who knows, maybe at this price, FEO is selling as FH?

  28. #28
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    Quote Originally Posted by xebay11
    Quote Originally Posted by nochoice
    I don't see the point, even if is LH, a developer has to wait for 30-40 yrs, before enbloc, if then the seller don't agree with the price, then what? the developer has to wait until 90 yrs before FE will take it back?
    Thank about it, wait 90 years also still better than not at all.
    I think everyone, including developers, is beginning to see that land in Singapore is too precious to sell away.

    Hong Leong made the mistake of selling away their land together with Hong Leong Garden in 1982, and end up having to buy back from the en blockers to develop Hundred Trees. In the process, Hong Leong helped to create many en bloc millionaires who were not even related to them by blood.

    I foresee that in future, no more condos will be sold freehold together with the land (especially family-owned developers who have to look after the long-term interests of their descendants).

  29. #29
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    Anyone know how big this plot of land is? If it is $6xxk for studio, think is quite a good buy. But I still prefer FEO to sell it as FH, even if is $100-$200 more psf.

  30. #30
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    I suppose launching 99 leasehold allows them to lower the quantum a bit, since this is the trend of the moment. At the same time, it does not make it harder for FEO to sell Silversea. And of course, there is residual value to the lease, and this value will increase as the years go by.

    And in 30 years, they will make the owners an offer they can't refuse.

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