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Thread: The Belvedere (D15, Freehold, Keppel Land)

  1. #1
    Makelele
    Guest

    Default The Belvedere (D15, Freehold, Keppel Land)

    How could you guys not have this thread? Belvedere is one of the better developments on Meyer Road.

    Ok thread started!

  2. #2
    belvedere
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Belvedere now can ask for $1,200 psf to $1,300 psf

  3. #3
    Unregistered
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    There is a Belvedere ad in the ST classfied section today. Rare to see Belvedere ads.

  4. #4
    Meyer
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by Unregistered
    There is a Belvedere ad in the ST classfied section today. Rare to see Belvedere ads.

    Cos' there are only 168 units?

  5. #5
    Bypasser
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Those 80 people queuing outside Seafront @ Meyer are welcome to pick up a unit at The Belvedere. The Belvedere offers the same facing if not better facing. Moreover, they can get rental returns 3 years earlier.

  6. #6
    don't be hyped
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by Bypasser
    Those 80 people queuing outside Seafront @ Meyer are welcome to pick up a unit at The Belvedere. The Belvedere offers the same facing if not better facing. Moreover, they can get rental returns 3 years earlier.
    Ah but the finishing is not as good as Seafront, no branded equipment. When the Belvedere first launched in 2005, it wasn't positioned to be a luxury condo, wasn't even supposed to be high end. Those days even when priced at $700 plus psf to $800 plus psf, Keppel were still finding it tough to finish selling all units.

    The Belvedere showflat was very ordinary by today's standards, with ordinary furnishings. The facilities and landscaping I suppose would pale in comparison with those at Seafront. The design is also nothing to shout at. Just very...ordinary.

    There is no way a similar unit at the Belvedere can be valued at the same price as an unit at Seafront. I would say 2/3 of the price of Seafront.

  7. #7
    Showroom Hopper
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by don't be hyped
    Ah but the finishing is not as good as Seafront, no branded equipment. When the Belvedere first launched in 2005, it wasn't positioned to be a luxury condo, wasn't even supposed to be high end. Those days even when priced at $700 plus psf to $800 plus psf, Keppel were still finding it tough to finish selling all units.

    The Belvedere showflat was very ordinary by today's standards, with ordinary furnishings. The facilities and landscaping I suppose would pale in comparison with those at Seafront. The design is also nothing to shout at. Just very...ordinary.

    There is no way a similar unit at the Belvedere can be valued at the same price as an unit at Seafront. I would say 2/3 of the price of Seafront.

    I was there at the showroom. It was positioned as a luxury condo and the furnishings were good. Whether a 2007 development is better than a 2005 development, it is possible. However, that does not mean that a 2005 development is lousy.

  8. #8
    Unregistered
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by Showroom Hopper
    I was there at the showroom. It was positioned as a luxury condo and the furnishings were good. Whether a 2007 development is better than a 2005 development, it is possible. However, that does not mean that a 2005 development is lousy.
    It is not lousy, but if you were aiming to match the price set by Seafront, then I would say it is not possible. Probably 2/3 of the price.

  9. #9
    Showroom Hopper
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by Unregistered
    It is not lousy, but if you were aiming to match the price set by Seafront, then I would say it is not possible. Probably 2/3 of the price.

    Sub-Sale price for sure will not match Primary Sale price.
    The cash outlay for Primary Sale is lower than Sub-Sale.

    I would say that the views are the same for both, excluding Seafront units facing Meyer Road.

    One can give faster rental return while the other has much-much lower cash layout.

    Buyer needs to decide.

  10. #10
    Unregistered
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by Showroom Hopper
    Sub-Sale price for sure will not match Primary Sale price.
    The cash outlay for Primary Sale is lower than Sub-Sale.

    I would say that the views are the same for both, excluding Seafront units facing Meyer Road.

    One can give faster rental return while the other has much-much lower cash layout.

    Buyer needs to decide.
    True, I agree. Unless the project has an agreement with developer to hand over deferred payment scheme to the new buyer of the sub sale.

    I would say that the best time to sell The Belvedere will be right after TOP. That is when rental income can be realised immediately for the loan repayments.

  11. #11
    Snapper
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    After I have finished my business with The Seafront @ Meyer, I will deal with you The Belvedere.

    Whack! Whack! Whack!
    Snap up the cheap subsales of The Belvedere.

  12. #12
    Observer
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Wow! Getting hot man!
    Asking prices have been raised to $1,250 to $1,550 psf.
    Let's see what the Seafront @ Meyer can do to the price tomorrow.

  13. #13
    The Other Belvedere Owner
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by Observer
    Wow! Getting hot man!
    Asking prices have been raised to $1,250 to $1,550 psf.
    Let's see what the Seafront @ Meyer can do to the price tomorrow.
    Yes. Thanks to The Seafront On Meyer, one very high floor 05 unit was sold at more than $1,300 psf. This is good! very good! Keep it up!

  14. #14
    Onlooker
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by The Other Belvedere Owner
    Yes. Thanks to The Seafront On Meyer, one very high floor 05 unit was sold at more than $1,300 psf. This is good! very good! Keep it up!
    Why don't the owner wait a little bit longer?
    High-floor stack 9/10 of The Seafront On Meyer cost almost $1,800 psf. The Belvedere stack 05, with better unblocked view, should be able to fetch closer to $1,700 psf.

  15. #15
    Meyer
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by Observer
    Cos' they are calling up The Belvedere agents/owners.

    The Belvedere has better and unblocked views.
    But the pricing is cheaper by $100-300 psf.
    Somemore, can get rental returns soon in Dec07/Jan08.

    Not much news about The Belvedere.
    Maybe it is the Meyer Road hidden secret.

  16. #16
    Marina East
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by Meyer
    Cos' there are only 168 units?

    167 units - not 168 units.

    Interest on The Belvedere has been rising since the launch of The Seafront On Meyer. The Belvedere offers better-unblocked view and costs lesser. With the TOP in Dec07/Jan08, you can receive your rental income sooner. You can say it is a better investment.

    I am sure those attending the City Scape Asia 2007 conference may find the development a worthy investment.

    www.cityscapeasia.com

  17. #17
    Market Watcher
    Guest

    Default Citigroup: Property Prices Will Rise 30% By 08 And Rents Will Rise By 30-40% In 07

    Quote Originally Posted by Citibank
    Citibank: Property Prices Will Rise By 30%
    Daryl Loo
    Channel NewsAsia
    23 April 2007 2042 hrs

    Home prices in Singapore are expected to rise much more than those in Hong Kong, over the next two years, according to Citigroup.

    Speaking at an Asia Pacific property conference in Singapore on Monday, Citigroup analysts say they see Singapore residential prices jumping by as much as 30% by 2008 compared to just 10% for Hong Kong.

    Price tags for private homes in Singapore will be on the rise for at least the next two years, according to Citigroup.

    It sees Singapore as being in the early stages of a cyclical upswing.

    This is in contrast to Hong Kong, where the cycle is on the downtrend - and expected to end by 2009.

    They say that Singapore prices are being driven by high occupancy rates, which have hit a record peak of 95.7%, and set to even climb higher over the next two years.

    Wendy Koh, Director, Asia Pacific Equity Research, Citigroup, said: "If you look at the residential sector, occupancy rate right now is about 93.9% as at the end of 2006. If we take into account the completion this year which is only about 5,000 units, and last year's demand was about 9,000, and on annual basis the last 10-year average was about 8,000, occupancy rates should continue to rise.

    "And if you take into account the 3,500 units that were sold en bloc last year, occupancy rate is actually closer to 95.5% last year. That is a record high as we have not seen that sort of levels before."

    Citigroup expects occupancy to rise further to 96.8% this year, and 97.1% in 2008, as the level of demand far outstrips supply.

    Over in the office sector, it is predicting rentals to rise 56% to $18.50 psf by the end of 2008, up from $11.80 currently.

    And despite the recent run-up in property counters, Citigroup sees further upside in some choice picks.

    Ms Koh said: "We like City Developments, Wing Tai, Allgreen. We also like Keppel Land for office play. For the first three stocks, it's more the residential exposure. If you look at City Dev and Wing Tai, they have been replenishing their land bank, and riding the upswing in the residential market."

    Private home prices in Singapore rose 10.2% last year, and an estimated 4.6% in the first quarter of this year.



    Residential Market In Initial Stage Of Upswing: Citigroup
    Joyce Teo
    24 April 2007

    Despite benchmark prices at recent property launches, the upswing in Singapore home prices is only just beginning, according to an analyst at banking giant Citigroup.

    Yesterday, Ms Wendy Koh told reporters that the residential market is still in an 'early phase' of a cyclical upswing.

    The property market recovery starting this year is across the board, she said.

    Prior to a pickup in the mid-market segment in the second half of last year, the upturn was clearly visible only in the luxury home sector.

    According to Ms Koh, demand continues to outweigh supply and occupancy rates are likely to reach new highs.

    Taking into account recent collective sales, real occupancy is already at a record high of 95.7% versus the reported 93.9%, and it will rise further, she said.

    That means home prices are expected to keep rising this year and next, she said. The luxury home market will continue to rise by another 10% to 15% this year.

    The mid-market segment may go up by 10 to 20%, the mass market by 10% and the Housing Board (HDB) market by 5 to 10%, she said.

    The HDB market is helped by the lessening supply of unsold but completed HDB flats, she said. There are now 4,000 such flats, dramatically down from 25,000 units a few years ago.

    Ms Koh also said the office market will be strong, with prime Grade A rentals rising from $11.80 psf to $14.50 psf by the end of the year and to $18.50 psf by the end of next year.

    She was speaking yesterday at a media conference held alongside the Citigroup Asia Pacific Property Conference, which was closed to the media.

    Trade and Industry Minister Lim Hng Kiang made the opening speech, distributed to the media.

    He said: 'Singapore can play an important role as a gateway for global investors to access Asian opportunities via our capital markets.'

    A property derivatives market is a potentially exciting area for innovation, he added. If such a market were developed, Singapore would need 'transparent, reliable and well-followed' direct property indexes.

    Industry players are currently studying the construction of such indexes, he said. These indexes would enhance information on Singapore's property market and provide benchmarks for structuring property derivatives and other innovative products.

    Derivatives are instruments taking their value from another underlying asset, such as a stock or even a stock index.

    Generally positive sentiment suggests that this year and the years ahead will be exciting for Asia and its property sector, Mr Lim concluded.

    'I am certain that with judicious planning and sound execution, the sector will see strong growth, sustained by liquidity from the capital markets,' he said.



    Citigroup Sees 30-40% Home Rents Hike In 2007
    Occupancy hitting record highs; home prices also seen rising 12-15%
    Uma Shankari

    Delivering a bullish outlook on Singapore's property market, Citigroup's research team yesterday said residential rents could rise 30-40% this year as occupancy hits record highs.

    'Taking into account the recent en bloc sales, we believe real occupancy is already at a record high of 95.7% (as opposed to the official figure of 93.9%),' said Citigroup analyst Wendy Koh, who covers the Singapore property market.

    And on the back of good demand, residential property prices could go up by another 12-15% this year, outstripping last year's 10.2% increase.

    The increase is due to a supply shortfall. Just 5,000 units will be completed this year, and Ms Koh predicts that demand will be substantially higher. Last year, demand for new homes hit 9,000. And over the past 10 years, demand for homes has averaged about 8,000 units a year.

    The shortage is expected to continue into 2008, when just 7,000 new homes will become available.

    Ms Koh said the luxury market will see a 10-15% price upside in 2007, while prices in the mid-tier segment will grow by 10-20%.

    Citigroup is also bullish on the HDB resale market - which has long been stagnant - seeing a 5-10% upside for resale prices of HDB flats. 'The HDB resale market will likely pick up in both volume and prices, which would in turn help support the mass market segment,' said the bank in its latest research note. Ms Koh predicted that mass market prices will climb by about 10% this year.

    Office rents will also similarly rise, she said. Rents could hit $14.50 psf by end-2007 and $18.50 psf by 2008.

    The bank recommended that investors buy shares of City Developments, Wing Tai, Allgreen Properties and Keppel Land.

    30%!
    No joke man!

  18. #18
    Registered
    Guest

    Default Re: Citigroup: Property Prices Will Rise 30% By 08 And Rents Will Rise By 30-40% In 07

    Quote Originally Posted by Market Watcher
    30%!
    No joke man!

    Wah!
    Citigroup says this kind of thing in a Asia Pacific conference.
    Like that all the foreigners will come here and buy our properties man!

  19. #19
    Newbie
    Join Date
    Apr 2007
    Posts
    62

    Default Re: Citigroup: Property Prices Will Rise 30% By 08 And Rents Will Rise By 30-40% In 07

    Quote Originally Posted by Registered
    Wah!
    Citigroup says this kind of thing in a Asia Pacific conference.
    Like that all the foreigners will come here and buy our properties man!

    They sure have something big coming their way that we may know later.

  20. #20
    Unregistered
    Guest

    Default Re: Citigroup: Property Prices Will Rise 30% By 08 And Rents Will Rise By 30-40% In 0

    Quote Originally Posted by DRSG
    They sure have something big coming their way that we may know later.
    As far as i know Citigroup do not have residential property portfolio. But maybe they have huge stake in certain developers.

  21. #21
    Curious
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Anybody knows economists, analysts, etc. in Citibank? We need to get more first-hand information from them before they make another announcement. Citibank must have know something we don't. Otherwise, they dare not make such prediction.

  22. #22
    Adviser
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by Joyce Teo (Ms)
    Joyce Teo
    The Straits Time
    25 April 2007

    The number of home buyers paying more than S$5 million for a residential property in Singapore is skyrocketing, a new report has found.

    Property consultancy Savills Singapore said last year, 503 sales were done for homes costing more than S$5 million - an "astounding" 229.9% jump over 2005. About 60% of these high-end homes were bought by Singaporeans.

    And already in the first quarter of this year, the 157 deals made have surpassed the 153 total for all of 2005. Foreigners accounted for a growing proportion - 55% - of the buyers. In 2005, Singaporeans accounted for about 85% of these deals.

    The jump in buyers paying big prices corresponds, not surprisely, with a surge in the prices of high-end homes, particularly in the past 2 years.

    In the first quarter of this year, the average price of super luxury homes has shot up to S$2,747 psf, from less than S$2,400 psf in the fourth quarter.

    However, luxury homes in Singapore are still considered a bargain compared with other major gateway cities around the world, said Savills.

    In London, the world's most expensive city in the high-end market, the average price of high-end homes hovers around S$8,900 psf, it said.

    In New York, such homes cost about S$4,500 psf on average. And apartments in Roppongi Hills in Tokyo cost about S$3,400 psf on average.

    Better grab some cheap units, that are below $1,700 psf, in The Belvedere fast before Seafront On Meyer sell out and Hong Leong launch.

  23. #23
    Unregistered
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by Adviser
    Better grab some cheap units, that are below $1,700 psf, in The Belvedere fast before Seafront On Meyer sell out and Hong Leong launch.
    Sorry hor those are non sea facing. Those with sea view not $1700 psf hor.

  24. #24
    Adviser
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by Unregistered
    Sorry hor those are non sea facing. Those with sea view not $1700 psf hor.

    Grab those IR+SingaporeFlyer view at under $1,700 psf lor.

  25. #25
    The Sunday Times
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Since The Belvedere is sold out some time back.
    Here are some tips for owners on the type of foreigners who are your potential buyers.

    Indonesians
    - Katong
    - River Valley
    - Orchard Road
    - Nassim Hill and Nissim Road
    - Bukit Timah

    Australians
    - East Coast, near the Meyer Road area
    - Holland Road
    - Pasir Panjang
    - Ang Mo Kio

    Indians
    - East Coast, especially around Meyer Road area and Tanjong Rhu area
    - Nassim Hill and Nassim Road
    - Binjai Park
    - Serangoon Road

  26. #26
    FO
    Guest

    Thumbs down Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by The Sunday Times
    Since The Belvedere is sold out some time back.
    Here are some tips for owners on the type of foreigners who are your potential buyers.

    Indonesians
    - Katong
    - River Valley
    - Orchard Road
    - Nassim Hill and Nissim Road
    - Bukit Timah

    Australians
    - East Coast, near the Meyer Road area
    - Holland Road
    - Pasir Panjang
    - Ang Mo Kio

    Indians
    - East Coast, especially around Meyer Road area and Tanjong Rhu area
    - Nassim Hill and Nassim Road
    - Binjai Park
    - Serangoon Road
    This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
    This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.

  27. #27
    Newbie
    Join Date
    Apr 2007
    Posts
    62

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    We have a loser on the loose.

  28. #28
    Helping Hand
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by FO
    This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
    This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.

    Hi loser,

    Can let us know where you are staying?
    I am surprise that your asset was not enhanced.
    Perhaps we can start buying your place so that you asset can be enhanced.
    It broke our hearts to see you acting like a pathetic maniac.

    Good luck!

  29. #29
    The Other Belvedere Owner
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Quote Originally Posted by The Sunday Times
    Since The Belvedere is sold out some time back.
    Here are some tips for owners on the type of foreigners who are your potential buyers.

    Indonesians
    - Katong
    - River Valley
    - Orchard Road
    - Nassim Hill and Nissim Road
    - Bukit Timah

    Australians
    - East Coast, near the Meyer Road area
    - Holland Road
    - Pasir Panjang
    - Ang Mo Kio

    Indians
    - East Coast, especially around Meyer Road area and Tanjong Rhu area
    - Nassim Hill and Nassim Road
    - Binjai Park
    - Serangoon Road

    Cool!
    So how could we reach out to these foreigners?

  30. #30
    SAD TRUTH
    Guest

    Default Re: The Belvedere (D15, Freehold, Keppel Land)

    Singaporeans are brained wash by the media, this year can go up by 20%, next year by 30%. All these are ambiguous statements thru our Media by our polictitions and institutions that gain from it. They are just interested in making the broad public go into a buying frenzy and pick up all the overpriced launches. Because when the broad market picks up, guess you gain the most? We are just individuals. They are Gov, developers, institutions, banks and property transaction companies.

    Gov gains by releasing land at extremly high prices that were either aquired cheap or even free.
    Developers gains by selling new launches at ridiculous prices, plus raise the prices of TOPed projects that still have unsold units.
    Instituions gains by buying up prime properties here and justify the purchaces by issuing shares(IPO) or diluting the share value by issuing more. Buy up more and more to push prices up as to wait for the right time for release. The best part is the money they use for these purchases are not even their money, haha, it is the public money again. Property Reits involved.
    Banks needless to say. Property market boom = Super business for banks.
    Raise interest rate, push out more bank loans....
    Property companies will get their cut/commision on every sale. The more the transactions, the more the profit.
    These are the people that say the market is booming. sounds like they have alot in stake to be un-bias when reporting news don't you think so?


    SAD TRUTH

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