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Thread: The Sail @ Marina Bay (D1, 99 years, City Developments Limited)

  1. #181
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    Quote Originally Posted by Property_Owner
    6) Is MBR studio a good buy at $2000psf? or Sail studio at $1500psf?
    I would say MBR, sails too many units. Too many sellers, when I sold my sails i never look back to buying another. Also ...gfoo, don't get angry, finishing is bad. ask gfoo about it and also how long he waits for his lift every morning. MBR you have balcony, a must for expats when comes to rental. Plus some others factors too. Too many to list down.
    no no, you are perfectly correct! The finishing of the Sail is terrible - focked up laminate kitchen finishing, uneven floor tiles, even the cornices suck. even the lift lobbies are not airconed (mgmt said is a 'heat-transfer system' - watever) I just gave up and renovated everything. Even my soho at Central is far far superior (and that's by FEO). Haven't really experienced the lift thing as i don't really go to work that early.

    My considerations for buying this is perhaps diff from regular investors. I was on the look out for the best possible living at the lowest possible price for my family. I was tired of sleepy landed neighbourhoods i was brought up in, and i wasn't that dumb as to pump in $700-800psf for the likes of suburban condos. At the $10xx-$11xx psf range, the usual suspects in River Valley, Newton, Lincoln came up. All were just overhyped localities charging 2x historical because they were 'close to Orchard'.

    It just so happened that a particular unit was offering 2004 launch price at the Sail when i was shopping. Although tis a construction site now, the thought of having all the amenities of the Gardens, and the new Downtown right at my doorstep was nice. This and the fact that the conservancy is only $2xx, was the clincher. I've moved in all of one week now, and i do not regret the living (even with the construction site). Lunchtime i will go down to the basement MRT RetailLink to tahpow chicken rice from Asian Kitchen in my rags amidst well dressed bankers and their accompanying minders. Weekends i will cycle to my usual smoking corner at Conrad for kopi with friends - i save tons on parking/valet.

    For what i paid, i think it's good value

  2. #182
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    I did hear that the interior sucked but until like that? Some of the walls are not concrete but gypsum?

    But it does make a lot of sense from your lifestyle and psf viewpoint.

  3. #183
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    Yup it's bad. I dunno about the spice king's beverly hills ID, but my ubi ind estate lor abcd ID went thru a lot of pain

  4. #184
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    THANKS PROPERTY_OWNER for your Views!

    With your 40 units , it seems you are generating a lot of cash.. and you could really pay off at least 1 unit every 2-3 years.. so it does seems to be compounding.

    May I asked how you got started to build up to 40 units?

    Is it by this method? (assuming I have $2mil for property)
    1) Buy a $1mil unit fully paid up and get around 3% Net Operating Income(NOI).
    2) Buy Another 2 units of $1mil with 50% loan.
    3) Use all rental cashflow to loans in #2 (in this case, there's a net positive cashflow of $60k annually after deducting loan installments).
    4) If any apartments got buyer with at least 30% capital gain, then sell and pay off any loans.
    5) If not, just accumualte the $60k for 8 years and you will be able to pay off 1 more property. and in which case, the net positive cashflow increase to $90k and the remaining property can be paid off in under 5yrs.
    6) And repeat the process till you got 3 fully paid properties? and then buy another 1 property?


    So, what is your views on Stocks? Do you think it's easier to make money from Stocks or Properties? .. I've dabbled in stocks recently..and got burnt.. and now am thinking of just building a property portfolio instead.. it's got recurrent income and potential captial gains.. and most important is it is under your control.

  5. #185
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    Quote Originally Posted by Regulators
    Many of the men in white walk with sway
    or shld i say sashay ~~ woohoo yo ah yo ~~ so gay ~

  6. #186
    mr funny is offline Any complaints please PM me
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    Default Raising the Sail

    http://www.straitstimes.com/Money/St...ry_384313.html

    June 1, 2009 Monday

    Raising the Sail


    The Sail@Marina Bay, Singapore's tallest residential building, recently won the Building and Construction Authority's Design and Engineering Safety Excellence Award. the unprecedented challenges of this unique project were overcome through pioneering features in the design and construction. The Straits Times takes a look at how these were achieved.
    Attached Files Attached Files

  7. #187
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    Just looking through the threads... Saw this post.. Just sold my unit. Phew! Hahaha.. I am glad I didn't wait and I am glad that I didn't have to hold for 2 to 3 years.. 18xx psf

    It was a risk actually.. I bought another unit #50 and above for 15xx psf in Apr so it was the kind of 2 units without securing loan scenario. But managed to get 4 + 12 option with 1% + 10k option fee. Then sell off my unit to get a better floor, better view and more $$. Hahahahaha...



    Quote Originally Posted by stalingrad
    He got it at a higher price than what he would get it at if he had waited. that is for sure. hope he has holding power for at two to three years. Not that I wish he would lose money. but it seems he would.

  8. #188
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    Quote Originally Posted by thomastansb
    Just looking through the threads... Saw this post.. Just sold my unit. Phew! Hahaha.. I am glad I didn't wait and I am glad that I didn't have to hold for 2 to 3 years.. 18xx psf

    It was a risk actually.. I bought another unit #50 and above for 15xx psf in Apr so it was the kind of 2 units without securing loan scenario. But managed to get 4 + 12 option with 1% + 10k option fee. Then sell off my unit to get a better floor, better view and more $$. Hahahahaha...
    congrats dude! so the big question - do you smoke?

  9. #189
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    I used to smoke.. Not for the past week.. Just stopped..



    Quote Originally Posted by gfoo
    congrats dude! so the big question - do you smoke?

  10. #190
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    Default The Sail (looking for units)

    Looking for 2 units (L10 and higher) and sea facing.
    Interesting owners please PM me.... urgent local buyer.

    Thank you.

  11. #191
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    #50++ stack 7.
    2200psf nett. PM me if interested. If not, then ignore this.



    Quote Originally Posted by ostralek
    Looking for 2 units (L10 and higher) and sea facing.
    Interesting owners please PM me.... urgent local buyer.

    Thank you.

  12. #192
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    wah, u act damn fast sia. you sold ur 2x floor unit recently and now selling ur 5x unit u just bought.


    Quote Originally Posted by thomastansb
    #50++ stack 7.
    2200psf nett. PM me if interested. If not, then ignore this.

  13. #193
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    Quote Originally Posted by Regulators
    wah, u act damn fast sia. you sold ur 2x floor unit recently and now selling ur 5x unit u just bought.

    Willing buyer, happy seller scenario mah.. Hahaha..

    I am also looking around for a second unit at the Sail but looks unlikely. Now, everybody asking 2k psf at least. Those facing carpark also asking 1650psf. Pui. But unlikely that I will be tempted to sell. The location is just too good to miss... Life is short man. Enjoy while you can...

  14. #194
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    Default The Sail is not for sale

    Opinion and Analysis - 30/06/09 The Sail is not for sale


    The Luxury Expert finds out why business is still swift at one of Singapore’s new icons.
    by The Luxury Expert

    When the media is quoting various real estate analysts saying that real estate markets are up by 10% or so from the beginning of this year, buyers and agents, who are involved in The Sail resale market don´t even have time to stop and read such nonsense. They are too busy trying to get more units on the market as demand by far outstrips supply. As one agent told me, there are many buyers but never enough serious sellers. It also means that selling a unit there is just a matter of price and the deal can be done very fast – it´s almost like commodity dealing, and that makes the ownership in The Sail more exciting as there is lots of liquidity, compared to other real estate projects.

    Just about three months ago some Marina Bay front view units were offered as low as 1,450-1,500psf. Some even sold at just above 1,000psf around the beginning of the year. Now some high floor choice units were sold at 2,550psf around early June, and the price is pushing higher by day. Don´t even try to calculate the percentage increase. it will leave you breathless.

    While the mass media was reporting around late March – early April that real estate is in the doldrums, I was asked by my friend, a serious investor from Taiwan, to take him to look at what The Sail is about. After seeing just one unit with the full Marina View, he paused for a minute, then asked me why I didn´t push him much earlier to buy into such a postcard view. He and his fellow business partner from Cambodia, apparently one of the richest men there, both in the luxury and branded perfumes and cosmetics business, are avid real-estate investors, especially looking for choice units with spectacular views, be it a Hong Kong Harbour view or a Shanghai Pudong view.

    In Singapore only the Marina Bay view can match such world class vistas and for now its only the Tower 1 in The Sail that got such units. My friend and his business partner, giving instructions over the phone, tried to buy some 6 units on the spot but most of their cheques were rejected at around just under 1,900psf.

    In the lobby I met my acquaintance agent. She, like a few others, is specialising in nothing but The Sail. She told me that she is accompanying a small group of Indonesian buyers, who have a combined budget to buy 10-15 units and are hunting for mostly Marina Bay view units. She added that there is another group of Indonesian investors as well, searching for units with the total budget of $15mil, and looking for units only with full Bay view. That was only one weekend that I went there and saw it with my own eyes over just an hour or so on the site. There were barely a few choice units on the market and these were all snatched up in no time at around 1,850-1,950psf and now some of these are back on the market at 25-40% higher in a matter of two months.

    The Sail, with its 1,111 units is the biggest condo in Singapore and probably in the region. The project comprises 2 towers with some 30 different units configurations. The 70 story Tower 1 is facing the Marina Bay. The front facing units are only stacks 1 to 6. The stack 1´s (most northern side) view is not bad, but partially obstructed by the NTUC building so the choice units will be above the 53rd floor. Stack 6 together with stack 1 are the bigger units. Both have got some back facing rooms and pillars. The best stack out of these 30 is a two-bedroom stack 4, right in the middle of the building, as it got a total net space without any pillars. Note that only some 10-15% of the total number of units in The Sail are actually facing the Marina Bay. The shorter Tower 2 is facing the ´pool view´, the upcoming MBFC and the One Raffles office building. Its not a bad investment at all and its stack 18 is the only one that has got a decent Marina Bay view, but the prime choice units will be in Tower 1, hence the stratospheric prices achieved.

    The relatively few choice units with penthouses are owned by tycoons such as Dr. Modi, the Chairman of Spice Corp, Sam Goi the local popiah king and Thai Beverage tycoon billionaire Charoen Sirivadhanabhakdi.

    The major selling point of The Sail is its, rare for Singapore, unobstructed views of Marina Bay and the surroundings. In most of the flatland Singapore there are basically no spectacular views. Therefore most of the people here are not aware of the major attraction and investment power that a spectacular view can deliver. Every taxi driver in HK knows that the higher you go on The Victoria Peak, the price is climbing higher and the units facing the harbor can command as much as 30-50% premium. But this concept is still relatively new for Singapore.

    Mark my words, in 2-3 years the epicenter of life, fun and shopping will shift significantly to the Marina Bay and the surrounding area and the location will become a regional icon.

    Alex Shlaen, founder of Panache Management Pte Ltd, represents ultra luxury branded products, furnishings and interiors by Tonino Lamborghini and Formitalia in Singapore and is a serial real
    estate investor.

  15. #195
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    Would The Sail's bay view be blocked by upcoming buildings eventually?

  16. #196
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    Quote Originally Posted by jitkiat
    Would The Sail's bay view be blocked by upcoming buildings eventually?
    Don't think so. But I prefer MBR stack 1 and 10. But I go for stack 1

  17. #197
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    The full extent of the mbay area has not been priced in yet for mbr and the sail simply coz it's right now a huge ugly mess of a construction site - a mini war zone. when everything starts to get landscaped over and the shopping, recreational and entertainment amenities fall into place, let's revisit this article again.

    i read with a lot of interest in other threads the view once the IR is up, property in other areas throughout singapore will boom and rentals will rise. Casino earnings will most stay within the coffers of Sands and the govt, leaving only the entertainment, infrastructure and MICE areas that really count. The additional jobs created are going mostly to service staff, and while it may initially go to singaporeans, i betcha like everything else its slowly gonna change towards PRs and PRCs sooner or later.

    Tourists will mostly either stay within the IR hotels, whales will get comped, or at the very most buy super luxe apartments or waterfront villas. Even The Sail or MBR won't be within the radar of the whales, but rather the immediate junket brokers and money managers of these whales. These guys are not going to stay or rent in the ang suahs of singapore. The areas that will benefit the most will be D1, 2 and 15 (to an extent)

    It's almost like saying the completion of the big 3 in Orchard like Ion is going to affect rentals in Woodleigh and Redhill. They similarly add service jobs, huge construction spillover, huge draw of tourist monies - like the IRs.

    Too many buyers in outlying areas are being conned by the 'close to IR' in marketing brochures when really, it's too far out to benefit from the IR halo. Don't fall for developer tricks please

  18. #198
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    marina bay area's full potential will not be immediate but some yrs away.. in fact sentosa cove too. Buyers for this two areas must be able to hold at least 5 yrs to reap potential rewards ~

  19. #199
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    Quote Originally Posted by gfoo

    For what i paid, i think it's good value
    gfoo, u put ur unit on the mkt liao? how's the response?

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    Buay pai, can buy 2nd hand gallardo or a new cayman s liao, but wife dun wanna sell - she says wait for everything to be up first (at least mbfc, central park, shoppes and IR) then see how much market prices it. That'll be mid 2010. Meantime, trying to dispose my damn msia properties while the market is up - maybe should sell to singaporeans that are looking at angsuah and cemetaries, they're obviously retarded enuff

  21. #201
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    helping out a friend (who's also a forummer here) get a 2bedder, dun care abt flr or view. Last week advertised at $1380psf - was a fake ad, agent say now starting from $1730psf for cock units and avg $2k psf for the rest. $2.5k for bay view

  22. #202
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    Quote Originally Posted by gfoo
    Buay pai, can buy 2nd hand gallardo or a new cayman s liao, but wife dun wanna sell - she says wait for everything to be up first (at least mbfc, central park, shoppes and IR) then see how much market prices it. That'll be mid 2010. Meantime, trying to dispose my damn msia properties while the market is up - maybe should sell to singaporeans that are looking at angsuah and cemetaries, they're obviously retarded enuff
    hehee i thinking same as ur wife, think no point unloading now ~~

  23. #203
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    No leh, my mantra always has been sell when people buy and buy when there blood in e streets. I suspect my wife fell in love with the lifestyle here liao. Imagine once everything is up and LV Prada in her backyard and high tea places within walking distance - i think give her a silver ghost also she'll say wait for spaceport build finish then sell.

  24. #204
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    But thank god the market for this place rose quite a bit. Even if prices correct 30%, can still buy an LS or cayman no S.

  25. #205
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    Quote Originally Posted by gfoo
    No leh, my mantra always has been sell when people buy and buy when there blood in e streets. I suspect my wife fell in love with the lifestyle here liao. Imagine once everything is up and LV Prada in her backyard and high tea places within walking distance - i think give her a silver ghost also she'll say wait for spaceport build finish then sell.
    the current buying not full fledge yet leh...


    this silver ghost?



    Last edited by august; 05-07-09 at 13:05.

  26. #206
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    Question

    Anyone know what's the going rate for a tower 1, 2 brm, pool view, 2x-09?

  27. #207
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    Anyone knows where to find food after 7pm at The Sail? I mean except Lau Pa Sat. Probably along the stretch of underpass to Raffles Place MRT? Anyone can advise?

  28. #208
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    Quote Originally Posted by thomastansb
    Anyone knows where to find food after 7pm at The Sail? I mean except Lau Pa Sat. Probably along the stretch of underpass to Raffles Place MRT? Anyone can advise?
    The retaillink - all closed. only LPS, One Fullerton, or the make-your-pasta at da paolos downstairs - they have excellent desserts!~ I think harrys and the new irish pub sells some finger food

    you moved in liaoz?

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    Nope.. Just planning what to eat next time. I can only move in next year.. Tenanted unit..

  30. #210
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    Quote Originally Posted by Daniel_Yee
    Nope.. Just planning what to eat next time. I can only move in next year.. Tenanted unit..
    When you bought?

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