Waterbank (D14, 99 years leasehold, UOL)

[Lovelle]

Latest update

[jasonyap]

Latest update

So damn fast... almost reach 14th floor...

[Lovelle]

there was one transaction done in dec 2010.
is there a way to check if this is the last unit ?

[tkc2263]

there was one transaction done in dec 2010.
is there a way to check if this is the last unit ?

Lovelle, there is one transaction done in Jan 2011;
a 1141 sq ft unit sold for $1.415m, $1240psf not bad...

Apparently, WB is a 100% sold out project, but based on URA's site, total transactions so far only shows 570. WB is a 616 unit development, anyone care to comment why the balance of 46 sales/transactions not lodged?

Thank you.

[Lovelle]

tink the last unit was the transaction in dec 2010.

yeah, think they didn't lodge all the caveat.


First subsale
80 Dakota Crescent #14-22
99 Yrs From 07/12/2009
$1161
1141
$1325k
12 May 10

90k profit - SSD (??)

[2824]

Can wait for the 100% sold out avertisment / sign by the developer at the construction site. But think developer not eager too update since they have limited landbank in S'pore.

there was one transaction done in dec 2010.
is there a way to check if this is the last unit ?

[jasonyap]

tink the last unit was the transaction in dec 2010.

yeah, think they didn't lodge all the caveat.


First subsale
80 Dakota Crescent #14-22
99 Yrs From 07/12/2009
$1161
1141
$1325k
12 May 10

90k profit - SSD (??)

Profit <$40K after SSD.

[tkc2263]

Profit <$40K after SSD.

Well, seller definitely having cold feet..

Well, then again the seller may have the last laugh.

[devilplate]

72 Dakota Crescent #07-08
99 Yrs From 07/12/2009
$1345
624
$840k
31 Jan 11

scanned thru....cant find caveat...perhaps haven take bank loan....original purchase price shd be around 76xk.....breakeven shd be ard 810-820k region....shd wait after april den sell rite? .......or getting panicky?

in any case, it helps to push up the valuation by ~10%

[Lovelle]

72 Dakota Crescent #07-08
99 Yrs From 07/12/2009
$1345
624
$840k
31 Jan 11

scanned thru....cant find caveat...perhaps haven take bank loan....original purchase price shd be around 76xk.....breakeven shd be ard 810-820k region....shd wait after april den sell rite? .......or getting panicky?

in any case, it helps to push up the valuation by ~10%

more like at $840k it's still a bargain to buyer, since seller willing to let go. Buyer moved in but seller shld wait a while to get more....

new buyer will hold abv that price liao..

[jasonyap]

more like at $840k it's still a bargain to buyer, since seller willing to let go. Buyer moved in but seller shld wait a while to get more....

new buyer will hold abv that price liao..

I smell fishy on this deal !!!

I would ask for $1.6k - $1.7k psf...

[hopeful]

I smell fishy on this deal !!!

I would ask for $1.6k - $1.7k psf...

you want to buy at $1.6k - 1.7k psf?
I am willing to sell to you

[kEN9170]

[jasonyap]

you want to buy at $1.6k - 1.7k psf?
I am willing to sell to you

I mean selling la... I own a unit there... Anyone planning to sell your unit di?

[hopeful]

I mean selling la... I own a unit there... Anyone planning to sell your unit di?

i dont any unit in Waterbank, but if you willing to buy one at 1600-1700. I am willing to pay 1500psf there so that i can sell to you at 1600-1700psf. Arbitrage and risk free transaction.

[tkc2263]

Re photos of progress at WaterBank by Ken9170, I am very impressed by
the construction progress, so much has been built near the entrance.

Correct me if I am wrong, Block 70 is on the right and the other block should be Block 76.

At the rate its being constructed, TOP should be in between late 2012 and 1st half 2013.

[phantom_opera]

The success of this project will depend on what is the quality of product delivered at TOP ... if middle end quality ok, if like mass market jialat already How is the quality of Dakota Residences? TOP already?

[devilplate]

The success of this project will depend on what is the quality of product delivered at TOP ... if middle end quality ok, if like mass market jialat already How is the quality of Dakota Residences? TOP already?

Have u seen southbank? Worse den some mass market quality but prices keep hitting new high after TOP.... whereas better quality like lumiere prices stay stagnant..... Location n view comes first.... Build quality become more impt later on

[amk]

The success of this project will depend on what is the quality of product delivered at TOP ...

I can attest to what devil said. look at One Amber, with all the complaints, the psf is still going up

[mcmlxxvi]

Have u seen southbank? Worse den some mass market quality but prices keep hitting new high after TOP.... whereas better quality like lumiere prices stay stagnant..... Location n view comes first.... Build quality become more impt later on

Bad finishing and workmanship, as long as not structural or serious, can change in future. Location and facing cannot...

[phantom_opera]

Location/view of Waterbank as good as Southbank and One Amber (freehold) meh?!

I have a nagging feeling 1.4kpsf near MRT will be the peak of this cycle.

Not much upside, also not much downside, that's why good quality may help

[devilplate]

Location/view of Waterbank as good as Southbank and One Amber (freehold) meh?!

I have a nagging feeling 1.4kpsf near MRT will be the peak of this cycle.

Not much upside, also not much downside, that's why good quality may help

u mean waterbank;s location = any other mass market location like simei/lakeside/bedok reservoir?

[phantom_opera]

u mean waterbank;s location = any other mass market location like simei/lakeside/bedok reservoir?

In terms of distance to town, it is probably comparable to Metropolitan/Ascentia Sky ... so Metropolitan resale could indicate the future price of Waterbank. Good luck

[focus]

u mean waterbank;s location = any other mass market location like simei/lakeside/bedok reservoir?

I wouldn't mind buying the bigger units in Waterbank if it's on Firesale! as compared to those in simei/bedok.

[devilplate]

I wouldn't mind buying the bigger units in Waterbank if it's on Firesale! as compared to those in simei/bedok.

the penthses at WB quite nice

[focus]

the penthses at WB quite nice

Haha.. not that big.. 3/4 bedders ok. Penthouse I no money to afford.

[DC33_2008]

Resale price at Dakota residences will be a good estimate of Waterbank's sale price. Some of the units with private lots and overlooking the pool may have more demand.

In terms of distance to town, it is probably comparable to Metropolitan/Ascentia Sky ... so Metropolitan resale could indicate the future price of Waterbank. Good luck

[bargain hunter]

UOL indicated 2Q2013 TOP in its presentation slides today. likely to be earlier?

[jasonyap]

I believe the other side of the building are higher than this ... Should be able to complete b4 2013...

[Lovelle]

still long way to go...