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Thread: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

  1. #1
    camelot Guest

    Default Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

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

  2. #2
    Join Date
    Mar 2007
    Posts
    377

    Default Re: Clementiwoods

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

  3. #3
    Join Date
    Mar 2007
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    377

    Default Re: Clementiwoods



























    Last edited by orange; 20-03-07 at 23:49.

  4. #4
    Unregistered Guest

    Default Re: Clementiwoods

    Quote Originally Posted by orange
    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.

  5. #5
    Unregistered Guest

    Wink Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    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 SKY@ELEVEN 147 $ 2,535,262 $ 992
    3 CLEMENTIWOODS CONDO 109 $ 785,912 $ 566

  6. #6
    Unregistered Guest

    Lightbulb Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    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!

  7. #7
    camelot Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

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

  8. #8
    Unregistered Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by camelot
    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?

  9. #9
    Unregistered Guest

    Talking Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    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!!

  10. #10
    Unregistered Guest

    Smile Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by 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.

  11. #11
    Registered Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by 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 SKY@ELEVEN 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?

  12. #12
    Unregistered Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by Registered
    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..

  13. #13
    Unregistered Guest

    Post Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)


  14. #14
    camelot Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by Unregistered
    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?

  15. #15
    camelot Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

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

  16. #16
    Unregistered Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by camelot
    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?

  17. #17
    camelot Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by Unregistered
    Hi Camelot,

    Are you one of the owners at Clementiwoods?
    Nope. You?

  18. #18
    Unregistered Guest

    Thumbs up Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by camelot
    Nope. You?
    Yeap! Got a unit in Clementiwoods. For the purpose of living in, not investment. Few friends bought Varsity Park last Oct.@ $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!

  19. #19
    Unregistered Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by camelot
    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.

  20. #20
    camelot Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by Unregistered
    Yeap! Got a unit in Clementiwoods. For the purpose of living in, not investment. Few friends bought Varsity Park last Oct.@ $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!

  21. #21
    camelot Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by Unregistered
    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.

  22. #22
    Unregistered Guest

    Smile Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by camelot
    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!

  23. #23
    Unregistered Guest

    Talking Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    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!!

  24. #24
    Unregistered Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by 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!

  25. #25
    Unregistered Guest

    Talking Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by 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.

  26. #26
    Unregistered Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by camelot
    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

  27. #27
    Tropical Fish Guest

    Smile Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    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.

  28. #28
    Unregistered Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by 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.
    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?

  29. #29
    Unregistered Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by 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

  30. #30
    camelot Guest

    Default Re: Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

    Quote Originally Posted by Unregistered
    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.

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