i think u have not seen seefront b4. the belverde largest normal unit is less than 1400sqft while the smallest 3br is 1593sqft......Originally Posted by Registered
land size is surely better than belverde.
i think u have not seen seefront b4. the belverde largest normal unit is less than 1400sqft while the smallest 3br is 1593sqft......
land size is surely better than belverde.
Hello!
Of course I have been to Seafront showroom.
My point is size is not an issue here for investment.
Buy big, sell big.
Buy small, sell small.
would you pay 1400+psf for the rochester (99 years) or seafront (freehold)?
Would you pay 2000+psf for The Sail (99 years) or Seafront (Freehold)?
i own both the sail and seafront. i will rent the sail out (investment) and stay in the seafront.
oh and i do not intend to buy the rochester as i already have a unit at one north. it may be of interest that Capitaland has an upcoming new launch (advertised by agents in today's classifieds). It is opposite the waterside and next to dunman highschool. Prices from 1,800psf. That should push up prices along meyer.
Can you share more details of this new project, Capitaland recently sold out the Riveredge in that same area, did not know they had another launch there, will it be Lease/Freehold? Thanks
it was advertised in saturdays classifieds under district 15. and it is freehold. agent i called said it will launch at the end of this mth or next mth. more likely next mth if you ask me
think better verified with the developer cos i did not hear anything from the developer. they said that their next project will be at at river valley. let me verified and then post it online,
any update?
Hong Leong has launched the developement at the former eastern mansion site along meyer road in Hong Kong. The project name is Alto. Mid floor units with no seaview are going at 1,700 to 1,800+psf or about 200 to 300 psf higher than seafront. By the time this projects comes back to singapore for a "soft launch" i reckon prices would have gone even higher.
wow this makes the seafront looks relatively cheap man. How much further can prices go?
Re: Seafront @ Meyer (D15, Freehold, CapitaLand)
Still can invest in SeaFront with the current market condition? Unless seller is desperate else they will have to hold, Buyers have all the time to wait and see now.
hows the construction going?
Newbie
Best buy!! - Prime of the East Coast with prestigious Meyer Road address. Freehold 2 bedroom with floor area 1066sf. Spacious, beautiful layout with generous planter, quality finishes and thoughtful fittings.
Short drive to CBD, Changi Int'l Airport and city area. Easy access to highways like ECP, PIE and KPE.
Deferred Payment Scheme available. Estimated TOP in 2010. Price from $1320psf onwards. Choice units available, call now for Sales brochure and FREE discussion.
Dave Yong
ERA - Seafront on Meyer Project Specialist
Good unit. 1320 psf... that's cheap .
Newbie
Yes, value for money. Buy to stay or for investment return - both captial gain and rental return are positive, especially come nearer to TOP or when Intergrated Resorts is ready. Act fast, before it is sold.
Dave Yong
ERA - Project Specialist
for Seafront on Meyer
+65-96969033
[email protected]
www.sinproperty.com
it is not fully sold yet
Newbie
2 bedroom choice units on high floor at block 55 are still available. Non sea-facing.
Hi Dave,
No hard feelings ..act fast before it's sold,if it's really good,don't need to wait till now..should have been fully sold since launch last year...Mainly all those good facing units already sold out..left those low floor lousy stack etc still unsold for almost 11 months liao..
Newbie
Hello CX,
Thanks for posting and giving me the opportunity to clarify.
As we know everyone purchase property with different needs and reasons. Though majority prefer sea facing or pool facing but there are buyers that much prefer non-sea facing, non pool viewing or even high floor. Like old British says 'Every unit has its owner'. As a project specialist, I always qualify buyers' need and in many case we witness projects 100% fully sold. Misconception to say remaining units are low floor, lousy stack unsold for 11 months but rather city view facing and due to extension of foundation works the showflat need to be closed.
Oh i see..Individual preference..since it's in the east,sea view will be great!
Best of luck for your sales..
Cheers
Newbie
yes i agree
everyone have its own needs........
Agent Joe
Bro, as a fellow agent, I started this line in a hard hard way. I was lost when I started out. Wanted to sell everything i see, sell everything people tell me. You must focus. Only sell what you know and what you can remember. Know what is your product first before you talk to buyer or owner. Btw what is so great about generous planters? Plant tree instead of potted plant? Cheers
Agent Joe
Developers appeal to Govt over bay window ruling
Posted: 12 Sep 2008 08:39 PM CDT
THEY might look innocuous, but bay windows and planter boxes have become a hot topic of discussion between property developers and the Government.
The talks centre on a controversial decision by the Urban Redevelopment Authority (URA) to include the area of such design features in gross floor area (GFA) calculations.
Bay window and planter boxes, which often make up about 5 per cent of a condo's saleable area, used to be exempt from GFA calculations. But buyers paid developers for this area as it was provided with the unit.
The URA caught the industry by surprise on July 7 when it stated that the revised guidelines would take effect from Oct 7. It was reported at the time that the move would close a 'loophole' that developers had been exploiting.
Planter boxes were originally introduced to provide greenery and visual relief to high-rise condos.
However, the URA said feedback and its own investigations found extensive unauthorised conversions of planter boxes into balcony space or extensions of the living room - which defeated the original purpose.
This also led to the buildings being less energy efficient, said the URA.
But developers said yesterday it was a 'misconception' that they were profiting from it.
UOL Group chief operating officer Liam Wee Sin told The Straits Times that contrary to general perception, developers did not 'have it free'.
'There's a reason why it's there in the first place,' he said. 'It costs money to construct these features, and it is not given to us free.'
It is part of the 'residual land value' and developers factor this when bidding for a site, he said.
A Lianhe Zaobao report quoted market sources who suggested the change might lead developers to pay less for land.
It cited the sale of a site next to Tanah Merah MRT station that was awarded recently at $282 per sq ft per plot ratio (psf ppr). This was 11 per cent less than the $318.50 psf ppr attained by a neighbouring site before the GFA change was announced.
The president of the Real Estate Developers' Association of Singapore (Redas), Mr Simon Cheong, said he could not comment further because talks were 'in process'.
Mr Cheong, who was speaking at Redas' annual Mid-Autumn Festival celebration, said that developers were cautious in their short-term outlook due to high construction costs.
'Hopefully in 12 months' time, we'll be in a better state than now,' he said.
He cited Singapore's low interest rates and upcoming events such as the Formula One race and Youth Olympics for his bullish outlook.
On the price of real estate, he said that 'if it drops, it will not be much more'.
The replacement cost of apartments, including cost of construction, is very close to selling prices already, he added.
Mass market home prices are dependent on local demand and 'this is subjective to how the economy is'.
DN
I have made a couple of enquiry on Belvedere and Seafront and from preliminary discussion from a number other investors, I understood Belvedere was one of the most controversial investment which Keppel Land (the developer) made and it was almost by sheer luck they managed to get away with this (or what it appears to be the case). I understand this was in some way or another, in what seems to be a mistake on the developer, whom back then purchased the land, not knowing there is/was another plot of land in front which could potentially block off Belvedere’s view completely (and potentially also block part of SeaFront's view??). I understand a number of buyers was sold the idea that the plot of land immediately next to Belvedere was actually a Park (which, apparently, is not the case based on the Master Plan 2008), and I believe most owners and prospective buyers continue to be under this belief still (which seems to be rather shocking!!).
I attached extract of the Master Plan 2008 (annotated) which is widely circulated amongst the investor community whom are looking at buying Belvedere and SeaFront. This will have an impact on our view of the pricing of this development, given the risk of another development in front, which is not unlikely at all!!
I wonder if anyone here can confirm the same or shed some light on this?
Newbie
see exciting 720 degree virtual tour of THE SEAFRONT ON MEYER from
http://www.virtualhomes.sg/theseafrontonmeyer
Owner
Here's some construction pics for the Seafront @ Meyer
Agent Joe
Look slow, how come
Owner
It's really slowbut lately the construction starts work very early in the morning.Damn
was disturbing my sleep every morning now
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