Primo Residences (D19, Jln Pelikat, Novelty Group, Freehold)

**mcmlxxvi** · 17-12-10, 15:52

120k in 6 mths for OCR .... Not bad.

**devilplate** · 17-12-10, 16:49

700k for a 1bedder very high quantum...cool

**kingkong1984** · 17-12-10, 18:00

Originally Posted by mcmlxxvi

120k in 6 mths for OCR .... Not bad.

Anywhere is gold when u have the gold

**Serendipity** · 17-12-10, 22:05

Considering he has only paid the first 20% at the point of sale which is abt $100K - $110K to get $120K profit in 6 mths. Even minus away the SSD, lawyer fees, cancellation charge and agent comm, it is still abt 80-90% ROI. Not bad indeed.

**ocoloco79** · 19-12-10, 07:11

Originally Posted by Serendipity

First sub-sale for this project after 6 months:

PRIMO RESIDENCES
JALAN PELIKAT
Apartment
1 unit
$698,560
592sqft
Strata
$1,180psf
Sep-10

Hi Serendipity,

Where and how did u get this info??? Have been wanting to know if there is any sub sales and how much can it fetch but to no avail.. Thanks!

**Serendipity** · 20-12-10, 13:03

Originally Posted by ocoloco79

Hi Serendipity,

Where and how did u get this info??? Have been wanting to know if there is any sub sales and how much can it fetch but to no avail.. Thanks!

I got it at the URA website : http://www.ura.gov.sg/realEstateWeb/...Controller.jpf

You need to select the project name in order to check but the URA website does not reveal the exact floor and unit number of the transacted unit.
I think some of the forumers got their info from Streetsine which indicates the unit number, the price purchased and sold. However i think Streetsine needs to pay/subscribe, i being a cheapskate S'porean prefers the free URA site though not as good.

**ay123** · 20-12-10, 13:22

Originally Posted by ocoloco79

Hi Serendipity,

Where and how did u get this info??? Have been wanting to know if there is any sub sales and how much can it fetch but to no avail.. Thanks!

use this better....can see exactly what unit transact at what price

http://www.streetsine.com/

**ocoloco79** · 20-12-10, 21:52

Thank you, but how come you know the unit number is #02-15???

Okok I just checked streetsine and saw the unit number

I din pay or subscribe, but I can see! But how come I cannot find my unit?

**ocoloco79** · 20-12-10, 22:15

Btw, Tho in the brochure TOP is in dec 2013, it is stated at the notice board completion by Aug 2011. Is this ever possible?? They only started the works in May 2010. Really possible to complete 64 units in just one year??

**devilplate** · 21-12-10, 00:16

Originally Posted by ocoloco79

Btw, Tho in the brochure TOP is in dec 2013, it is stated at the notice board completion by Aug 2011. Is this ever possible?? They only started the works in May 2010. Really possible to complete 64 units in just one year??

can....low rise possible

parc imperial launched in last april and completed in june

**ocoloco79** · 21-12-10, 08:14

Originally Posted by devilplate

can....low rise possible

parc imperial launched in last april and completed in june

Thank you, I kpo checked out Parc imperial in propertyguru. Very good Buy! Freehold and next to MRT 2br penthouse only at about 1kpsf. Moreover it is already subsale.

**kingkong1984** · 30-12-10, 17:13

Originally Posted by ocoloco79

Thank you, I kpo checked out Parc imperial in propertyguru. Very good Buy! Freehold and next to MRT 2br penthouse only at about 1kpsf. Moreover it is already subsale.

Yup, but better to go for the smallest unit..

**Serendipity** · 04-01-11, 22:52

Another 2 sub-sale in Dec.
Heard both were swallowed by a single buyer.

203 Jalan Pelikat #04-12
Freehold
$1178
603
$710k
09 Dec 10
203 Jalan Pelikat #02-06
Freehold
$1137
818
$930k
09 Dec 10

**ocoloco79** · 05-01-11, 16:55

OMG, why is everybody selling their primo away?

Originally Posted by Serendipity

Another 2 sub-sale in Dec.
Heard both were swallowed by a single buyer.

203 Jalan Pelikat #04-12
Freehold
$1178
603
$710k -- They bought at $606400
09 Dec 10
203 Jalan Pelikat #02-06
Freehold
$1137
818
$930k -- They bought at $814700
09 Dec 10

**kingkong1984** · 05-01-11, 16:57

Not bad right? Got buyers mah.

**ocoloco79** · 05-01-11, 17:00

#04-12 profit =$103600

#02-06 profit = $115300

**mantrix** · 05-01-11, 17:43

Originally Posted by ocoloco79

#04-12 profit =$103600

#02-06 profit = $115300

that's gross profit...haven't minus off lawyer fees, stamp duties, penalties (bank and government measures) etc right?

If not then profit maybe 70-80K (which is still not bad!!)

**Serendipity** · 05-01-11, 22:35

[quote=ocoloco79]OMG, why is everybody selling their primo away?

I think its normal for them to sell.
This project got a lot of 1/1+1 units and i think majority of those who bought into such units are for investments; either for rental yield or they wished to flip before TOP due to low quantum.

Got sub-sale means this project has its own selling points that appeal to the new buyer and allow these investors to do flipping thus I think there's no need to be alarmed.

**ocoloco79** · 17-01-11, 20:44

Latest progress...

**Serendipity** · 19-01-11, 10:21

Thanks for the update...
Judging from the progress and the current incessant rain recently, I wonder if the stated end August TOP date is really achievable...

Ocoloco, by the way, have you received the bank's call for the 1st 10% for installment payment?
I find it weird that i have not received anything yet.
Free IAS without paying additional 3% more?

**ocoloco79** · 19-01-11, 17:35

NO, I didn't receive anything too! I tot it is becos I have moved and just updated my address thru the lawyers. Shall we update each other once we got it? Relieved to know that it is normal... Hopefully Primo can be completed by august..

**Serendipity** · 19-01-11, 22:23

Sure, if I received it, i'll be sure to inform you.
Meanwhile lets wait patiently...

**ocoloco79** · 20-01-11, 17:02

Happened to pass by Kovan Grandeur and after checking it out, 99 yrs, further away from MRT plus more expensive, I am certain that I must keep Primo. I will ask my agent to shut up if he calls to tempt me to sell again.

**devilplate** · 20-01-11, 19:04

Originally Posted by ocoloco79

Happened to pass by Kovan Grandeur and after checking it out, 99 yrs, further away from MRT plus more expensive, I am certain that I must keep Primo. I will ask my agent to shut up if he calls to tempt me to sell again.

self comforting? re-assurance?

**kingkong1984** · 20-01-11, 19:19

It's call siting on the fence, no backbone, led by the nose by agent friend. Dun be surprised it is sold later.

**ocoloco79** · 21-01-11, 19:39

Originally Posted by kingkong1984

It's call siting on the fence, no backbone, led by the nose by agent friend. Dun be surprised it is sold later.

Cos agent saying that many's strategy is selling now and buying later lor.. But anyway, I will stay firm.

**kingkong1984** · 21-01-11, 20:08

Agent get commission, why buy and sell and kana stamp? Your eyes got stamp? In love with stamp? Just hold till top then decide. Like it keep it, dun like it get rid of it and move on.

**ocoloco79** · 24-01-11, 17:01

Comparing Primo's progress with Kovan grandeur http://www.facebook.com/photo.php?pi...5&id=673175243

Think Primo progress is reali slow.. Better dun pin too high hopes that it will be completed this Aug..

**kingkong1984** · 11-06-11, 11:36

how's the progress?

**hyenergix** · 11-06-11, 15:44

Prob TOP by end of this year or early next year. The blocks are really close to one another. And the swimming pool is really baby pool size.

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