*** New Launch: Coralis @ District 15 ***

[eng81157]

To each his own I guess. Some people like to buy landed, but I prefer to stay condo.

There are advantages and disadvantages to both.

well said, to each his own.

congrats on your purchase! by the way, any idea if construction for psb or coralis had begun yet?

[urban]

by the way, any idea if construction for psb or coralis had begun yet?

Yes. Foundation, i think.

[bullman]

Yes. Foundation, i think.

I think PSB will be up first before Coralis but the timing for TOP for both will be close. TA will want to maximize the use of manpower and allocation of building resources. Coralis still have to demolish the white color building so may take longer.

[CK]

I think PSB will be up first before Coralis but the timing for TOP for both will be close. TA will want to maximize the use of manpower and allocation of building resources. Coralis still have to demolish the white color building so may take longer.

White building demolished liao when I passed by it yesterday. Today, I saw a subsale advertisement for coralis for the 2 room stack 4. Asking for $1700psfaccording to agent.

[urban]

I think PSB will be up first before Coralis but the timing for TOP for both will be close. TA will want to maximize the use of manpower and allocation of building resources. Coralis still have to demolish the white color building so may take longer.

I think the legal TOP for PSB is almost 1 year ahead of Coralis, if i am not mistaken. But surely Coralis will be completed in a shorter time, since PSB launched for so long liao.

[CK]

Actually, Urban and Bullman, I think both of you made the right choices in buying coralis and PSB, for the simple reason that going forward, I think it'll be in the heart of where the "happenings" are. Behind would be the Katong food places, and Katong Mall(if it's done well) and in front is the Marine Central/ PP. So you have the best of 2 worlds. And I'm almost certain that the MRT station will be near your place, more prob there than the Silver Sea side. So for $1300-$1400 psf, it's actually value for money buy, considering the Shore Residence, etc, are all going for that price too and it's leasehold.

[eng81157]

I think the legal TOP for PSB is almost 1 year ahead of Coralis, if i am not mistaken. But surely Coralis will be completed in a shorter time, since PSB launched for so long liao.

my bank hasn't asked me for loan payments yet for my psb unit.....it's coming to almost a year since the purchase

[bullman]

my bank hasn't asked me for loan payments yet for my psb unit.....it's coming to almost a year since the purchase

Hi mate,

They are still preparing to start work on the basement carpark and the foundations. The next 10% will only be disbursed when the foundation is all done up. With one level of basement and considering the plot size of PSB, I estimate that it will be done in 6-9 months? I am not too sure of this as I am not an engineer so its just based on my guess.

Coralis should start work about the same time as PSB so as to maximise the use of manpower by TA. We have 2 levels of basement parking so I guess will take even longer.

[eng81157]

Hi mate,

They are still preparing to start work on the basement carpark and the foundations. The next 10% will only be disbursed when the foundation is all done up. With one level of basement and considering the plot size of PSB, I estimate that it will be done in 6-9 months? I am not too sure of this as I am not an engineer so its just based on my guess.

Coralis should start work about the same time as PSB so as to maximise the use of manpower by TA. We have 2 levels of basement parking so I guess will take even longer.

i'm not an engineer too so beats me. considering projects like waterfront, double bay or dakota residences that were launched about the same time period as psb, they are way ahead in their construction.

can only sigh........

[urban]

i'm not an engineer too so beats me. considering projects like waterfront, double bay or dakota residences that were launched about the same time period as psb, they are way ahead in their construction.

can only sigh........

Because their lease is running down already.

[eng81157]

Because their lease is running down already.

true true, no worries for FH

[sealover]

Hi Bullman, you may like to read this :

More en bloc sale activity expected as developers cater to mid-market segment
By Chris Howells | Posted: 27 April 2010 2207 hrs
Photos 1 of 1 ">
File picture


SINGAPORE: Analysts expect more en bloc sales activity from the city fringes and East Coast areas as developers cater to a growing mid-market segment.

They were responding to proposals tabled in Parliament on Monday to smooth out the collective sales process.

The new rules also seek to address the role of the Strata Titles Board and balance the interest of property owners.

Collective sales have bounced back this year after a poor showing last year when only one deal was done.

So far, four developments have been sold with another deal at Margate Road expected to be completed this week.

These five sales combined are worth S$275 million versus the lone S$101 million deal done for the whole of 2009.

Going forward, market watchers expect between 20 and 40 en bloc deals to take place this year.

Donald Han, managing director, Cushman & Wakefield, said: “I think what we're seeing now is more on the fringe of the central areas is looking more promising right now. Those we call the rest of the central core area. The East Coast area is looking interesting right now.

“Mainly there is a combination of investors, developers who are eager to come in and develop the mid-end segment of the market."

Observers said such developments will likely attract small-to-mid sized developers that are currently being priced out of the government land sales programme where land prices rose up to 20 per cent last year.

Observers said they're currently seeing appetite for en bloc sales worth under S$100 million on average and land sizes of around 15,000-50,000 square feet.

Karamjit Singh, managing director, Credo Real Estate, said: "There's also a vacuum to satisfy larger developers demand for land in mid and prime sectors of the market because government land sale programme basically satisfies developers' demand in mass market locations."

Market watchers expect overall land prices to rise around five to 15 per cent this year.

They said good conditions and demand for property will drive developers into the collective market. - CNA/vm

[Douk]

It will be more interesting if the old apartment stretch at marine parade got enbloc.

Hi Bullman, you may like to read this :

More en bloc sale activity expected as developers cater to mid-market segment
By Chris Howells | Posted: 27 April 2010 2207 hrs
Photos 1 of 1 ">
File picture


SINGAPORE: Analysts expect more en bloc sales activity from the city fringes and East Coast areas as developers cater to a growing mid-market segment.

They were responding to proposals tabled in Parliament on Monday to smooth out the collective sales process.

The new rules also seek to address the role of the Strata Titles Board and balance the interest of property owners.

Collective sales have bounced back this year after a poor showing last year when only one deal was done.

So far, four developments have been sold with another deal at Margate Road expected to be completed this week.

These five sales combined are worth S$275 million versus the lone S$101 million deal done for the whole of 2009.

Going forward, market watchers expect between 20 and 40 en bloc deals to take place this year.

Donald Han, managing director, Cushman & Wakefield, said: “I think what we're seeing now is more on the fringe of the central areas is looking more promising right now. Those we call the rest of the central core area. The East Coast area is looking interesting right now.

“Mainly there is a combination of investors, developers who are eager to come in and develop the mid-end segment of the market."

Observers said such developments will likely attract small-to-mid sized developers that are currently being priced out of the government land sales programme where land prices rose up to 20 per cent last year.

Observers said they're currently seeing appetite for en bloc sales worth under S$100 million on average and land sizes of around 15,000-50,000 square feet.

Karamjit Singh, managing director, Credo Real Estate, said: "There's also a vacuum to satisfy larger developers demand for land in mid and prime sectors of the market because government land sale programme basically satisfies developers' demand in mass market locations."

Market watchers expect overall land prices to rise around five to 15 per cent this year.

They said good conditions and demand for property will drive developers into the collective market. - CNA/vm

[bullman]

Hi Bullman, you may like to read this :

More en bloc sale activity expected as developers cater to mid-market segment
By Chris Howells | Posted: 27 April 2010 2207 hrs
Photos 1 of 1 ">
File picture


SINGAPORE: Analysts expect more en bloc sales activity from the city fringes and East Coast areas as developers cater to a growing mid-market segment.

They were responding to proposals tabled in Parliament on Monday to smooth out the collective sales process.

The new rules also seek to address the role of the Strata Titles Board and balance the interest of property owners.

Collective sales have bounced back this year after a poor showing last year when only one deal was done.

So far, four developments have been sold with another deal at Margate Road expected to be completed this week.

These five sales combined are worth S$275 million versus the lone S$101 million deal done for the whole of 2009.

Going forward, market watchers expect between 20 and 40 en bloc deals to take place this year.

Donald Han, managing director, Cushman & Wakefield, said: “I think what we're seeing now is more on the fringe of the central areas is looking more promising right now. Those we call the rest of the central core area. The East Coast area is looking interesting right now.

“Mainly there is a combination of investors, developers who are eager to come in and develop the mid-end segment of the market."

Observers said such developments will likely attract small-to-mid sized developers that are currently being priced out of the government land sales programme where land prices rose up to 20 per cent last year.

Observers said they're currently seeing appetite for en bloc sales worth under S$100 million on average and land sizes of around 15,000-50,000 square feet.

Karamjit Singh, managing director, Credo Real Estate, said: "There's also a vacuum to satisfy larger developers demand for land in mid and prime sectors of the market because government land sale programme basically satisfies developers' demand in mass market locations."

Market watchers expect overall land prices to rise around five to 15 per cent this year.

They said good conditions and demand for property will drive developers into the collective market. - CNA/vm

Yes my dear friend. All these news are music ( ka-ching $) to my ears. Made a gamble to follow my heart and move my focus from D9,10 to East Coast. Hopefully its pays off.

[Wild Falcon]

Enbloc speculators and raiders will be eyeing D12 Balestier and D15 East Coast again Let the speculation and fights begin! There is no boundaries to greed.

[Blue]

Actually, Urban and Bullman, I think both of you made the right choices in buying coralis and PSB, for the simple reason that going forward, I think it'll be in the heart of where the "happenings" are. Behind would be the Katong food places, and Katong Mall(if it's done well) and in front is the Marine Central/ PP. So you have the best of 2 worlds. And I'm almost certain that the MRT station will be near your place, more prob there than the Silver Sea side. So for $1300-$1400 psf, it's actually value for money buy, considering the Shore Residence, etc, are all going for that price too and it's leasehold.

Well said!

[eng81157]

by the way, newspaper reported poor sales at the sound. did forumer go down to the showroom to have a look? any comments?

[bullman]

by the way, newspaper reported poor sales at the sound. did forumer go down to the showroom to have a look? any comments?

I am planning to go down this weekend to have a look see. But the prices quoted to me so far by agents are really

[devilplate]

I am planning to go down this weekend to have a look see. But the prices quoted to me so far by agents are really

How much they selling? 1.5kpsf?

[eng81157]

How much they selling? 1.5kpsf?

yes, apparently so. between 1400-1600psf

[devilplate]

I guess they nid to support their silversea prices...

So, coralis at 1400-1500psf looks like a much better deal now...

But hor, not all FEO not worth buying....Those who bot the first phase of Shore residences r SMILING!

Lakeshore aso goodie last time!!!

[CK]

by the way, newspaper reported poor sales at the sound. did forumer go down to the showroom to have a look? any comments?

Firstly, the name "The Sound" .....doesn't quite suit a condo. If buy already, want to say where you live also "pai sei". What was the developer thinking? FEO would prob want buyers to think it's a SOUND investment at $1400psf up. For that price and not in the best location, the facilities etc, is only so so. So, I'm not at all surprised that it's not selling well. Maybe, $1200psf would be a much fairer price in today's market.

[eng81157]

I guess they nid to support their silversea prices...

So, coralis at 1400-1500psf looks like a much better deal now...

But hor, not all FEO not worth buying....Those who bot the first phase of Shore residences r SMILING!

Lakeshore aso goodie last time!!!

personally, "the shore" is a big scam. i don't think it's fair to buyers when the development is sitting on a FH plot but units are sold at leasehold. Plus, prices are not exactly cheap either, at 1200-1400psf. how to enbloc in the future? must get permission from FEO to do so? or can only enbloc back to FEO at whatever price the developer quotes, simply because they own the land?

then again, if we compare "the sound" to "the shore", the latter looks like a steal though the former is FH (if i remember correctly)

[devilplate]

personally, "the shore" is a big scam. i don't think it's fair to buyers when the development is sitting on a FH plot but units are sold at leasehold. Plus, prices are not exactly cheap either, at 1200-1400psf. how to enbloc in the future? must get permission from FEO to do so? or can only enbloc back to FEO at whatever price the developer quotes, simply because they own the land?

then again, if we compare "the sound" to "the shore", the latter looks like a steal though the former is FH (if i remember correctly)

very first initial launch price of Shore is below 1.1kpsf for 1bedder....my fren got it and oredi flipped....after he flip...he say crazy to buy...99LH sitting on a FH land...

[eng81157]

very first initial launch price of Shore is below 1.1kpsf for 1bedder....my fren got it and oredi flipped....after he flip...he say crazy to buy...99LH sitting on a FH land...

and still your friend bought......???

[marktkt22]

and still your friend bought......???

Eng81157...ha ha...very sharp and interesting observation, we alway see such pple (like the friend in above) quote in the forum. praise the project, then sell it and then condemn the project like hell...

[bullman]

Hi guys,

Went to the sound showflat to look see and found the finishing quite good(for the showflat at least). The asking for the studios is ard 1500+ psf. Over there, I can sense the sound of silence as the show flat is relatively empty for a weekend.

My take is that FEO got too greedy this time round and has priced above what the market is willing to accept. They must have took cue from the pricing and response of Coralis but the location is obviously very different. However, being FEO, they can always keep till TOP and beyond with no problems at all.

I also went to check out the newly opened showflat at the Serrenia and was sorely disappointed with the quality of finishing. Noticed that there is boarding done up at the Koon Seng Court that just got approved for the enbloc. Seems like the developer is ready to move into launch state very soon.

Just a thought, the project between these 2 launches, one@pulasan seems like a good investment. Checked that there were already quite a few transactions there lately , seems like Singaporean investors are really sharp.

[devilplate]

Eng81157...ha ha...very sharp and interesting observation, we alway see such pple (like the friend in above) quote in the forum. praise the project, then sell it and then condemn the project like hell...

exactly, there r oredi such ppl here

[Wild Falcon]

Imagine u tell taxi driver "I stay at Sound" and taxi driver ask huh "simi sound? I cannot hear leh" This area is getting overwhemingly crowded. I drove there last weekend (near Parkway) and took me like 15 min to turn out to ECP . Traffic so bad during weekend. I heard weekdays are worse. And with so many projects completing, the crowd and congestion and density will only get worse.

Firstly, the name "The Sound" .....doesn't quite suit a condo. If buy already, want to say where you live also "pai sei". What was the developer thinking? FEO would prob want buyers to think it's a SOUND investment at $1400psf up. For that price and not in the best location, the facilities etc, is only so so. So, I'm not at all surprised that it's not selling well. Maybe, $1200psf would be a much fairer price in today's market.

[eng81157]

Imagine u tell taxi driver "I stay at Sound" and taxi driver ask huh "simi sound? I cannot hear leh" This area is getting overwhemingly crowded. I drove there last weekend (near Parkway) and took me like 15 min to turn out to ECP . Traffic so bad during weekend. I heard weekdays are worse. And with so many projects completing, the crowd and congestion and density will only get worse.

15 mins?? u took the marine parade or amber exit??

this ain't causeway or cbd. on a bad day, would probably take about 2 traffic light changes at the junction turning out to marine parade exit. that's hardly 15mins, unless there was an accident or unforeseen road works.