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Thread: Seafront @ Meyer (D15, Freehold, CapitaLand)

  1. #1
    mr funny is offline Any complaints please PM me
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    Default Seafront @ Meyer (D15, Freehold, CapitaLand)

    Published March 17, 2007

    Seafront @ Meyer prices start from $1,400 psf

    Penthouses go for $2,100 to $2,200 psf, sources say


    CAPITALAND is said to be pricing its freehold The Seafront @ Meyer condo at prices ranging from about $1,400 psf to $1,800 psf, excluding penthouses, say sources.

    Sea-facing penthouses, of about 4,000 sq ft, are believed to be priced around $2,100 to $2,200 psf.

    One penthouse, of about 4,100 sq ft, is said to be priced at about $9 million. CapitaLand is developing the 24-storey freehold project on the former Meyer Tower and First Mansion sites at Meyer Road.

    Former owners of units in these developments who sold their homes to the former DBS Land in 1999 are said to have received invitations this week to have the first pick of units in the new development. DBS Land merged with Pidemco Land in late 2000 to form CapitaLand.

    CapitaLand has appointed ERA to market the 327-unit Seafront @ Meyer condo. Sources suggest that previews for the development could start later this month. The project will have three blocks. The bulk of units will have three bedrooms, and range in size from about 1,500 to 2,000 sq ft. There will also be two-bedders and four-bedders, plus six penthouses. Market watchers say the pricing for The Seafront @ Meyer is in line with the $1,500 to $1,800 psf that GuocoLand has achieved for its nearby project, The View @ Meyer, on the former Katong Park Hotel site. The 23-storey freehold development will have 45 apartments.

  2. #2
    Unregistered Guest

    Thumbs down Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    crazy prices that will make buyers go underwater again , re-enactment of post 1993 . People never learn .

  3. #3
    Observer Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    This project is between The Belvedere and The Atria At Meyer. $1,400-$1,800 psf is in line with prices of The View @ Meyer. The Belvedere has better view and is the better buy.

  4. #4
    Meyer Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by Observer
    This project is between The Belvedere and The Atria At Meyer. $1,400-$1,800 psf is in line with prices of The View @ Meyer. The Belvedere has better view and is the better buy.
    Is there a thread on The Belvedere?

  5. #5
    Unregistered Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by Meyer
    Is there a thread on The Belvedere?
    Not yet but you can start one!

    Preview of Seafront will begin in the first week of April but expect good units snapped up before that... due to CONNECTIONS...

  6. #6
    Bypasser Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    So ..... when is the preview? This Friday?

  7. #7
    Insider Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by Bypasser
    So ..... when is the preview? This Friday?
    No. Probably next Friday.

  8. #8
    eastcoast Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Is this even worth this price? Ah, stupid question. It's probably gonna be sold out on the first day.

  9. #9
    Meyer Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by eastcoast
    Is this even worth this price? Ah, stupid question. It's probably gonna be sold out on the first day.

    Probably sold out during the few days of preview.

  10. #10
    Bypasser Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    About 80 people were spotted queuing outside Seafront @ Meyer. A tent has been set up for them.

  11. #11
    Unregistered Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by Bypasser
    About 80 people were spotted queuing outside Seafront @ Meyer. A tent has been set up for them.
    Yes that is amazing. Looks like Meyer is getting hotter and hotter. Just last month, saw some units at the Makena and The Atria asking for $800 plus psf. At that time I thought it was pretty expensive, considering that The Belvedere was selling for the same price at launch. Never knew Meyer Road would come this far.

  12. #12
    Unregistered Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    this afternoon

  13. #13
    Meyer Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    The owners of The Belvedere will benefit from Seafront @ Meyer sale. The Belvedere offers the same view as Seafront @ Meyer.

  14. #14
    joojube Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Are these people rich? Or are they being paid to queue up? They don't look very well to do, they look like more of the ah pek ah soh kind of variety. Anyway if they were earning huge salaries I don't think they have the time to sit down there.

  15. #15
    Observer Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Better go and queue now. Otherwise have to buy 10% higher.

  16. #16
    too late Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by Observer
    Better go and queue now. Otherwise have to buy 10% higher.
    too late already. the channel 8 news tonight already showed the queue, and many people would have flocked there by now.

  17. #17
    Observer Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by too late
    too late already. the channel 8 news tonight already showed the queue, and many people would have flocked there by now.
    Better late than never.

  18. #18
    queue counter Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by Observer
    Better late than never.
    TODAY newspaper (page 3) reported that at of last night, there were about 80 in the queue.
    Last edited by mr funny; 04-04-07 at 16:59. Reason: sorry, meant to click 'quote', but clicked edit instead :) Your post was not edited in any way

  19. #19
    mr funny is offline Any complaints please PM me
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    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by queue counter
    TODAY newspaper (page 3) reported that at of last night, there were about 80 in the queue.
    Thanks! http://forums.condosingapore.com/sho...=2765#post2765

  20. #20
    Unregistered Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by queue counter
    TODAY newspaper (page 3) reported that at of last night, there were about 80 in the queue.
    Heard that folks queue up there were hired by well connected folks who had already secured some of the best units. They certainly don't mind to buy onne more units when it was officially launched on Friday if this help to boost the sentiment and suck in the buyers and speculators. It is like playing the muscical chairs, as long as their will be music, you should do fine since they are holding the best units.

  21. #21
    Snapper Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Take leave and have a picnic there tomorrow. Snap up the units on Good Friday. What a Wonderful World!

    That' the way it should be! Whack! Whack! Whack!

  22. #22
    queue Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    How many people are there in the queue now?

  23. #23
    Unregistered Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by Unregistered
    Heard that folks queue up there were hired by well connected folks who had already secured some of the best units. They certainly don't mind to buy onne more units when it was officially launched on Friday if this help to boost the sentiment and suck in the buyers and speculators. It is like playing the muscical chairs, as long as their will be music, you should do fine since they are holding the best units.
    Back in the mid-90's when the king Albert Park was launched, the devloper was hosting a sale party at Shangrila Hotel for the 100-unit project and due to overwhelming response, lucky draw was conducted to select buyers. Those lucky ones are sitting on 40-50% loss today. SOme sell their units earlier during the SARS times were losing up to 60%. Lets play the muscical chair well and hope the game will be on?

  24. #24
    Unregistered Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by Unregistered
    Back in the mid-90's when the king Albert Park was launched, the devloper was hosting a sale party at Shangrila Hotel for the 100-unit project and due to overwhelming response, lucky draw was conducted to select buyers. Those lucky ones are sitting on 40-50% loss today. SOme sell their units earlier during the SARS times were losing up to 60%. Lets play the muscical chair well and hope the game will be on?
    40% to 50%? OK looks like it is time to buy King Albert Park!

    Thanks for the info!

  25. #25
    OMG Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    My god! This is scary... reminds me of the property crash ten years ago...

  26. #26
    Unregistered Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Quote Originally Posted by Unregistered
    40% to 50%? OK looks like it is time to buy King Albert Park!

    Thanks for the info!
    Only problem is very few sellers willing to let go to swallow the 40% loss. You will see a few sellers ask 30% more than the last transactions. It is a funny world. If you are interested, do keep an eye on it, may be a desperate seller will emerge to sell his/her unit to you at 5-10% above last transaction price.

  27. #27
    Property Cashier Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    Don't just buy King Albert Park unit.
    Do remember to buy The Seafront @ Meyer unit too.

    10 more hours to go before CapitaLand take cheques. Don't say I never remind you.

  28. #28
    101th Guest

    Default Re: Seafront @ Meyer (D15, Freehold, CapitaLand)

    There were about 100 people in the queue.

    Watch the news article and video clip at:

    http://www.xin.sg/article.php?article=4030

  29. #29
    Derrick Ho Guest

    Default Singaporeans Queue For Days Before Condo Launch; Private Property Prices Soaring

    Derrick Ho
    Associated Press
    6 April 2007

    SINGAPORE (AP) -- Retired businessman Tan Phong is not only willing to fork out more than 1,000 Singapore dollars (US$660; 500) psf for a condominium apartment, he will even queue overnight on the street just to get his dream unit.

    Singapore's private property market is booming, and the rising prices have not dissuaded Singaporeans and foreigners alike from snapping up prime real estate. Some condominiums have sold out within the first few hours of opening.

    Tan was first in line to purchase a unit in a yet-to-be-built condominium to be called Seafront @ Meyer, in the Marina Bay area, near where the city's first casino-resort will open in 2009.

    He hoped for a unit on the 18th floor or higher in the 24-storey building.

    "The location is good and I want something that faces the sea," said the 66-year-old. "I love the sea breeze and that's exactly why I want a unit here."

    Sales for the 300-unit Seafront launched Friday, but Tan and at least 80 others have camped out on the street since Monday morning, equipped with folding chairs, sleeping bags, umbrellas, playing cards and bottles of water. Many of them were hired by housing agents to retain a spot at the front of the line.

    "I only stayed on the first night," said Tan, who recruited four friends to take turns standing in line for him. "It's very uncomfortable."

    The condominium's developer, CapitaLand Limited - Southeast Asia's largest property developer - said the units will cost between S$1,400 (US$925; 689) to S$1,800 (US$1,190 ;887) psf.

    Singapore's Business Times reported last week the development's sea-facing penthouses may cost up to S$2,200 (US$1,455; 1,083) psf, with one to be priced at S$9 million (US$5.95 million; 4.5 million).

    Private residential property prices in the ultramodern city-state have been escalating recently. Several new projects away from the city center are being priced 50% more than what they would have fetched a year ago, led by strong interest in high-end homes, according to Li Hiaw Ho, executive director of real estate firm CB Richard Ellis Research.

    Condo prices in the nonprime areas of central Singapore rose 2.9% in the first quarter following a 2.2% rise in the fourth quarter of 2006, according to the government's flash estimate released Monday.

    On the broader market, private property prices in Singapore rose 4.6% from the fourth quarter after rising 3.8% quarter-on-quarter in the last three months of 2006.

    Singapore's property market stagnated in the wake of the Asian financial crisis, lagging other Asian cities like Hong Kong, but signs of a recovery began emerging in 2005, helped by the government relaxing rules such as borrowing limits.

    The market got a major lift from luxury developments like One Shenton, where hundreds of units were sold for about S$2,000 (US$1,322; 985) psf at a soft launch in January this year.

    An Orchard Turn development broke a record for residential properties in March, when penthouse units sold for more than S$4,000 (US$2,645; 1,970) psf.

    "Barring any unforeseen circumstances, it is likely that residential prices will rise by a total of 10 to 15% for the whole year, led by high-end projects," Li said in a statement.

    About 85% of Singaporeans live in public housing built by the government's Housing and Development Board. Private developers compete to provide housing for the remaining 15% of Singapore nationals, along with the sizable foreign population.

  30. #30
    黄伟敬 Guest

    Default 豪华公寓受欢迎 排队五日为买楼

    黄伟敬
    5 April 2007

    新传媒新闻报道,位于新加坡加东美雅路的一座豪华海景公寓引了许多购屋者的兴趣。尽管星期五才正式公开发售,买楼的人从星期一早上起就已经开始排队了。

    烈日当空,尽管有大帐篷为排队的人潮提供一些遮盖,却抵挡不住暑气的闷热。排在前头的几名公众表示,他们星期一早上就来排队。

    当时空地的闸门没有开,更没有帐篷,他们只能在篱笆外的人行道上排队。

    第二天开始,发展商才为排队的人潮搭建帐篷,同时也提供免费的食物。在场排队的,有将近100人,以年轻人居多。据了解,他们大多数是为房屋经纪排队的,而且也并非孤军作战。

    今天已经第四天了。我们会轮流一人执早班,一人执晚班。很辛苦,但是只要有游戏、有朋友陪就行了。

    人多有伴,一些人也准备了各种法宝,让日子好过一些。

    但有排队的人说,最辛苦的部分就是缺乏睡眠,因为有食物供应,所以睡眠不足最辛苦。

    现场也提供流动厕所。想要冲凉的公众则会到东海岸公园的公共厕所去。

    诸多的不便,就是为了想在星期五一早,选到心仪的公寓单位。

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