Hmm..I wonder who are these buyers...maybe Mr Li's friends supporting him.Originally Posted by azeoprop
Hmm..I wonder who are these buyers...maybe Mr Li's friends supporting him.Originally Posted by azeoprop
All higher floors seems above $1k psf.. Wonder how much is the highest floor.Originally Posted by saab
I also asked about #32-03 829sqft....price after 5% discount is $1065300.Originally Posted by Lucas
CheungKong is famed for exquisite fine finish.
just past by n realize so many agents crowding around than customersOriginally Posted by azeoprop
http://www.h88.com.sg/article/Exclus...at+The+Vision/
Here's a look at the showroom.
For me, I think this project is overpriced. The mini 2 bedder should be around 700k to 900k to be a more "correct" price.
wah, according to the 2nd photo in this h88 link, 70+ already SOLD OUT!
crazy market, crazy people...
quote=azeoprop]http://www.h88.com.sg/article/Exclus...at+The+Vision/
Here's a look at the showroom.
For me, I think this project is overpriced. The mini 2 bedder should be around 700k to 900k to be a more "correct" price.[/quote]
Exclusive: Sneak peek at The Vision
H88
Friday, 12 March 2010, 17:50
The much-awaited West Coast condo - The Vision - has opened it's doors! We have an exclusive sneak peek at the showroom as well as the all important - PRICE!
Well, it wasn't as crowded as Yishun's The Estuary, but units were selling rather well. Just take a look at this (slightly-blurry) chart, most of the top floor units released were already sold. We think there's a bit of a demand for condos in the West.
Sales Chart:
Lot of red stickers.
The developers - Hong Kong's Cheung Kong Property Development - have decided to play the "lux" card with the finishing (marble floors) and the price (see below), which is quite surprising given that they bought this piece of land at a very low price back in May 2008. Kudos to them for excellent launch timing given the festive-buying climate we have seen in early 2010. The developers are, after all from the land of property - Hong Kong.
Here are some quick condo details:
District: 5
Tenure: 99 years
Estimated TOP: Mid 2013
Floors: 33
Units: 295 total, 2BR (93), 3BR (154), 4BR (32), PH (2), Strata House (14)
Typical Sizes:
2BR (853, 954, 949 sqft)
3BR (1304- 2200 sqft)
4BR (1641 - 2365 sqft)
Penthouse (2773 sqft)
Strata Houses (4467 - 4855 sqft)
Is condo mania here again?
View of from 25th floor of Blk 717 Clementi West St 2 (Facing East):
The Vision site and Blue Horizon in the background.
View from 8th floor of Blk 716 (Facing South):
West Coast park is the green you see. To your bottom right is the industrial area and the shipyard.
Here's the all important price:
You have heard right. Prices are going for around $1,100 psf on average for the condo units. The landed units are moving at about $600psf.
904sqft 2BR units are selling in the range of $1,120 psf - $1,260 psf, taking the total quantum to just over the $1M mark. A 1,259sqft 3BR is going for about $1,050psf, or about $1.3m.
So that's waaaay past the initial estimate of $750 - 800psf. This is no mass market unit!
Seeing that the developers bought the plot for about $305 psf ppr, they are making a very sizable profit here!
Looking at next door's Blue Horizon (2005, 99-year), URA caveats in Feb 2010 showed prices at an average of $797 psf. The Vision is asking for a good $300 psf more.
First thoughts
This pricing is rather ambitious for a 99-year condo in the West don't you think? IR or no IR, this is neither Caribbean at Keppel Bay nor Reflections at Keppel, this essentially is a condo in Clementi.
Originally Posted by azeoprop
Crazy buyers???
Luxury condominium at West Coast sells out all 100 units reserved for opening sale
http://www.channelnewsasia.com/stori...043248/1/.html
Luxury condominium at West Coast sells out all 100 units reserved for opening sale
Ryan Huang
Channel NewsAsia
Friday, 12 March 2010, 2155 hrs
The luxury seafront condominium The Vision at the West Coast has received good response.
All of the 100 units allocated for its first phase of sale on the opening day of its private preview have been sold.
Prices for the 2-bedroom to 4-bedroom units range from around S$1,000 psf to S$1,200 psf.
All the penthouse units have also been snapped up fetching S$3.6 million each.
The 99-year leasehold condominium by Hong Kong developer Cheung Kong offers a rare mix of strata terraces and 281 apartments.
Nearly half of the 14 strata terrace units were sold with the highest going for S$3.2 million.
Cheung Kong said that over 60% of the buyers were home upgraders while the remaining were long-term investors in the property leasing market.
In view of the strong demand, it will be release 20 specially selected units for sale this weekend on a first-come-first-served basis.
These will comprise 2-bedroom to 4-bedroom units.
Thats not surprising...I was there in the morning and the chart already has alot of "sold out" sticker, then h88 photo shows even more, so by tonight should be all gone. Crazy buyers indeed.Originally Posted by Lucas
SO FUNNY, before there are still people saying high here high there...and land how much....plus construction how much....blah blah blah....and before even they understand what they saying and the thread get any longer....all 100 units preview gone!!! AiyoOriginally Posted by azeoprop
hey reports said that majority are hdb upgraders... Mr Li has hdb friends meh?Originally Posted by Avatar
Mr Li Ka-shing used to be quite poor, selling plastic flowers for a living, maybe these hdb friends are from those days and they come to support him now.Originally Posted by Lucas
People may talk down the development as too expensive , lousy location ,too noisy , lousy view & so forth. But ultimately its the market that decides whether a development is worth buying at that price.Originally Posted by saab
So the sales figures have proven that people find this property worth buying for whatever reasons they think.
in 2006 i predicted that district 1-5 would catch up with 9 10 11Originally Posted by jsh
so far it has proven right .. D1 surpassed 9 10 11 and 3/4/5, esp D4 is doing very well ..
Isnt there's some upcoming business district in jurong and paya lebar in 2015..?? Perhap the future projection is pushing up prices in the west as well..Originally Posted by proud owner
with or without ... the west has its charm ..Originally Posted by jwong71
near city .. partial coastal view .. hilly .. LOW PLOT RATIO .. virgin, unexplored ..
singapore is slowly but surely moving away from too much manual activities kind of industries ...
i even believe SHIPPING will eventually disappear completely in singapore .. not immediately but will be .. in my life time
Yup, West Coast that is.Originally Posted by proud owner
Side track abit. Ever stayed at Centris @ Jurong Point before and it was a mess over there. Heavy traffic (buses, lorries, endless honks, noise from MRT) and far from any civilization. If you work in the city and drive, AYE or PIE takes almost 30mins every morning due to the distance and jams outside JP and before the highway. The only good thing there is the mall
It's much faster from West Coast to the Lakeside District than from Centris
1 thing for sure - the Jurong Island refineries and chemical manufacturing complexes will not disappear for the next 30 years! (Because of the heavy capital expenditure, these plants once built will have to remain for at least 30 years). The reason why the Western side will never match the price of the central and the East Coast (even though there is a West Coast) are because of the pollutions coming from there.
Originally Posted by proud owner
I am speechless.
Cos I am one of those who thought sure cannot sell at that price.
Did not know there are so many people who like the West Coast so much.
Blue Horizon can up their asking now.
And so can I.
...double post...
Did you see how they whacked The Shore Residences and Estuary?Originally Posted by jsh, 13 March 2010 5.32 am
I almost wanted to tell them off in that 2 related threads. Anyway, I managed to control myself and subtlely hinted them in both threads.
i posted in the forum before ...Originally Posted by teddybear
once an industry has no future ..even if a lot of money has been spent on it ... when its time to go, it willl go ..
how much money have we spent on Soo Zhou project ?
in the end what happened ? we still L L 'get the hell out of there' ..
At 1200psf, wouldn't resale units at SouthBank, Metropolitan, Citylights (near MRT for the above) or even freehold One Amber a better choice. If want to buy new @ west side can get 99LH Interlace high floor with seaview right? The HDB upgraders there definitely bought too ex.
192 Depot Road #14-24
99 Yrs From 11/02/2009
$964
1744
$1680k
19 Jan 10
222 Depot Road #16-79
99 Yrs From 11/02/2009
$1056
1873
$1977k
18 Jan 10
Anybody with floor plan, is the layout decent?
Haha..ok..I underestimated these hdb upgraders who are keen to pay such prices at this location. Maybe they have some info we are not aware of?Originally Posted by Lucas
Congrats to all Blue Horizon owners..you can certainly ask for higher price than before..
The most important part of LKS's strategy: low quantum PLUS a false sense of "luxury". Higher PSF never mind. Even at 1k+ psf, a high floor 3bd is barely 1.3M. That's quite affordable for upgraders, and in total sum still cheaper than all the projects you mentioned above. In HK they can even make a 1000 sqft 3bd, and people already accepted it. Sooner or later SG will be like HK, where 1000 sqft 3bd is a norm, and S$1000 psf is mass market.Originally Posted by jitkiat
HongKong announcer: "The Vision at West Coast Crescent is now ...... percent sold!"Originally Posted by cnud, SkyscarperCity, 13 March 2010 3.38 pm
Showroom: Clap! Clap! Clap!
Based on fundamentals, mass market should start converging with prime prices because rental yields is still much higher than prime. Future potential is also higher which means greater upside for capital appreciation. So from both yield + capital appreciation perspective, the suburbs currently will outperform prime condos where all the developments are realised. Fundamentals esp yields, have to take over at some point. At least this project has good size units that are still moving. One should only be worried if the developer starts building 100% mickey mouse units or 2-bedders to keep quantum low and push up PSF = > that is the biggest indicator of bubbly prices as developers themselves are not confident of selling normal units anymore.
Originally Posted by amk
Just came back from the showflat. Tower 2 has been almost completely sold out. Tower 1, which houses all those 3 bedders, are about 60% sold out.
The cluster houses are more than 50% gone.
I was amazed by how wealthy singaporeans are.