Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

[camelot]

The development was sold out in about 2 weeks! Any idea what kinda asking prices in the resale market?

[orange]

Subsales asking for above $600 - $650 psf at least.

[orange]

[Unregistered]

Subsales asking for above $600 - $650 psf at least.

I have a buyer looking to sell a 3-bedrm unit (1389sqft) facing the park (best facing in the whole development). Asking price is $650psf. If interested, let me know.

[Unregistered]

Most Popular Projects for 2007 YTD
There are a total of 904 Projects in Singapore that have had at least one sale year-to-date.

Rank Project Name Total Units Sold Avg Price PSF
1 MARINA BAY RESIDENCES 158 $ 2,638,861 $ 1,926
2 [email protected] 147 $ 2,535,262 $ 992
3 CLEMENTIWOODS CONDO 109 $ 785,912 $ 566

[Unregistered]

A friend bought a unit at Clementiwoods on the second weekend after it launched. 3 weeks later, a week after the project sold out, my friend got an offered from a buyer who was willing to pay $60K more than the purchase price.

For those who went to the showflat, any thoughts about this projects?...thanks!

[camelot]

A friend bought a unit at Clementiwoods on the second weekend after it launched. 3 weeks later, a week after the project sold out, my friend got an offered from a buyer who was willing to pay $60K more than the purchase price.

For those who went to the showflat, any thoughts about this projects?...thanks!

Nice layout. Certainly the best project (my opinion) in the vicinity. If you wanna buy, get those facing the park....

[Unregistered]

Nice layout. Certainly the best project (my opinion) in the vicinity. If you wanna buy, get those facing the park....

What about the 99 yr factor?

[Unregistered]

This is a condo worth buying....anybody has a unit facing clementi woods park and looking to sell.....I'm interested! Reasonable price.....no hard core optimists please. Ideally 2+S ....if not 2 rooms.

looking forward to good replies!!

[Unregistered]

This is a condo worth buying....anybody has a unit facing clementi woods park and looking to sell.....I'm interested! Reasonable price.....no hard core optimists please. Ideally 2+S ....if not 2 rooms.

looking forward to good replies!!

As I know, there are no 2+S units facing Clementiwoods Park. All the units facing park are either 3 or 4 bedrooms.

[Registered]

Most Popular Projects for 2007 YTD
There are a total of 904 Projects in Singapore that have had at least one sale year-to-date.

Rank Project Name Total Units Sold Avg Price PSF
1 MARINA BAY RESIDENCES 158 $ 2,638,861 $ 1,926
2 [email protected] 147 $ 2,535,262 $ 992
3 CLEMENTIWOODS CONDO 109 $ 785,912 $ 566

How to you rate a project as popular? Number of units sold?
If a project only have 10 units, does it mean it is unpopular?

[Unregistered]

How to you rate a project as popular? Number of units sold?
If a project only have 10 units, does it mean it is unpopular?

The info is quoted from www.condo.com.sg. Don't know how they rate it. Sorry..

[Unregistered]

http://www.fraserscentrepointhomes.c...oods/index.htm

[camelot]

What about the 99 yr factor?

if it's freehold, the price wud hv been much higher.
wud u rather buy a property based on location and layout... or on tenure of land?

[camelot]

This is a condo worth buying....anybody has a unit facing clementi woods park and looking to sell.....I'm interested! Reasonable price.....no hard core optimists please. Ideally 2+S ....if not 2 rooms.

looking forward to good replies!!

nah... all 2+S units do not face the park.
the smallest one facing the park is a 3-bedder.

[Unregistered]

nah... all 2+S units do not face the park.
the smallest one facing the park is a 3-bedder.

Hi Camelot,

Are you one of the owners at Clementiwoods?

[camelot]

Hi Camelot,

Are you one of the owners at Clementiwoods?

Nope. You?

[Unregistered]

Nope. You?

Yeap! Got a unit in Clementiwoods. For the purpose of living in, not investment. Few friends bought Varsity Park last [email protected] $450~470 psf, not long before the condo sold out. And the sub-sale price is about 15% higher now. However, they all bought for living in, so no sale, no gain.

Totally agree what you said about the property market at west coast area in the thread of Carabelle. ~~ Cheers!

[Unregistered]

if it's freehold, the price wud hv been much higher.
wud u rather buy a property based on location and layout... or on tenure of land?

As an expat here in SG, really have no idea how the tenure of land will effect the price of a condo in the future.

Will appreciate any thoughts on this.

[camelot]

Yeap! Got a unit in Clementiwoods. For the purpose of living in, not investment. Few friends bought Varsity Park last [email protected] $450~470 psf, not long before the condo sold out. And the sub-sale price is about 15% higher now. However, they all bought for living in, so no sale, no gain.

Totally agree what you said about the property market at west coast area in the thread of Carabelle. ~~ Cheers!

Between VP and Clementiwoods, I will choose the latter anytime. The former is too big a project.... over 500 units? Clemetiwoods also has a better layout. Congrats!

[camelot]

As an expat here in SG, really have no idea how the tenure of land will effect the price of a condo in the future.

Will appreciate any thoughts on this.

well if it's leasehold, you don't actually own the land... it's leased from the owner to build. however, if it's freehold then you own the unit plus the land. having said that.... who wud live longer than 99yrs? sporeans tend to prefer freehold over leasehold. also the banks used to stop financing leasehold projects which are over 30 yrs old.... think that has been removed now.

when the sail at marina bay was first launched at over $900psf... people were saying crazy to pay so much for leasehold land... now it's transacting at over $2000psf.... and the reflections at keppel bay... $1900psf. i think most people are now willing to accept leasehold prop provided they offer something the freehold can't... so the key is... look for unique leasehold proejcts! if it's no different from a freehold proj nearby then most wud definitely go for the freehold one.

[Unregistered]

Between VP and Clementiwoods, I will choose the latter anytime. The former is too big a project.... over 500 units? Clemetiwoods also has a better layout. Congrats!

Thanks!

Went to VP showflat with friends few times and didn't make the purchase. Feel the same about the size of VP ~~ a too big project (for me).

VP is a nice condo, but not for me loh!

[Unregistered]

Just bought a resale unit today .... 2 bedroom 1076 sqft... 690k ...
really happy with buy.... not concerned about prices at the moment... I feel Clementi woods has lots of headroom for upswing.

Went to Hillview Regency 2 days ago....Far East raised the price of this Bukit Batok Leasehold condo by $100 psf....11th floor selling at $720psf , 22nd floor selling at $920psf ....Crazy....how does bukit batok compare with Clementi woods!!!!???? and the Far East finishing as usual...sucks big time!!

No second thoughts....just took the plunge....wish me luck!!

[Unregistered]

Just bought a resale unit today .... 2 bedroom 1076 sqft... 690k ...
really happy with buy.... not concerned about prices at the moment... I feel Clementi woods has lots of headroom for upswing.

Went to Hillview Regency 2 days ago....Far East raised the price of this Bukit Batok Leasehold condo by $100 psf....11th floor selling at $720psf , 22nd floor selling at $920psf ....Crazy....how does bukit batok compare with Clementi woods!!!!???? and the Far East finishing as usual...sucks big time!!

No second thoughts....just took the plunge....wish me luck!!

Against Hillview Regency, your buy at Clementiwoods certanly looks like a bargain! Are you planning to live there?

Congrats!

[Unregistered]

Against Hillview Regency, your buy at Clementiwoods certanly looks like a bargain! Are you planning to live there?

Congrats!

31 dec 2010 is a long time to wait for TOP..... if a good offer comes along.... I guess I could be persuaded to take a profit.

[Unregistered]

well if it's leasehold, you don't actually own the land... it's leased from the owner to build. however, if it's freehold then you own the unit plus the land. having said that.... who wud live longer than 99yrs? sporeans tend to prefer freehold over leasehold. also the banks used to stop financing leasehold projects which are over 30 yrs old.... think that has been removed now.

when the sail at marina bay was first launched at over $900psf... people were saying crazy to pay so much for leasehold land... now it's transacting at over $2000psf.... and the reflections at keppel bay... $1900psf. i think most people are now willing to accept leasehold prop provided they offer something the freehold can't... so the key is... look for unique leasehold proejcts! if it's no different from a freehold proj nearby then most wud definitely go for the freehold one.

Many thanks for you thoughts on this matter.
Location + unique project = good buy

[Tropical Fish]

Heard that the rent for Blue Horizon is about $3500/month now. And also there is a line-up for buying sub-sale units at VP too. Not much info about the sub-sale at CW at this moment.

Congrats to those who bought VP or CW! Very good buy either for investment or live-ln, especially now the price at the other side of west coast are going up almost every week.

[Unregistered]

Heard that the rent for Blue Horizon is about $3500/month now. And also there is a line-up for buying sub-sale units at VP too. Not much info about the sub-sale at CW at this moment.

Congrats to those who bought VP or CW! Very good buy either for investment or live-ln, especially now the price at the other side of west coast are going up almost every week.

Subsale for CW is not that high, just talked to agent a few days ago, he got a few units from 620-650 psf. He told me that these units were bought by syndicate trying to make a quick profit for 50K or so per unit. Even at that price, it doesn't seem to move like "hot cakes" since CW sold out almost two months ago and yet they still holding a number of units.

CW is much better location and layout than VP. If subsale for VP doesn't move like hotcake, it is a bit strange to hear there is a lin-up for buying subsale for VP?

[Unregistered]

Subsale for CW is not that high, just talked to agent a few days ago, he got a few units from 620-650 psf. He told me that these units were bought by syndicate trying to make a quick profit for 50K or so per unit. Even at that price, it doesn't seem to move like "hot cakes" since CW sold out almost two months ago and yet they still holding a number of units.

CW is much better location and layout than VP. If subsale for VP doesn't move like hotcake, it is a bit strange to hear there is a lin-up for buying subsale for VP?

I talked to an agent about subsale for CW too. The 50K profit is for large units, for smaller units, they can let go with just 30K units. For VP, it is possible that the seller is asking more than CW because VP launched much earlier than CW and syndicate only active in mass market only recently

[camelot]

I talked to an agent about subsale for CW too. The 50K profit is for large units, for smaller units, they can let go with just 30K units. For VP, it is possible that the seller is asking more than CW because VP launched much earlier than CW and syndicate only active in mass market only recently

Subsale prices will normally rise as construction progresses. So it may be worthwhile buying these units now before they start climbing higher. New launches at West Coast Park (WCP) are already asking "new" high prices.... e.g. some units at Botania going for over $830psf!!!!

CW is in a most desirable location compared to WCP.