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urpas
24-06-07, 10:19
http://www.soleil.sg/

anyone knows about Soleil launch? price range..?

it looks situated in quite strategic location with MRT station, hospital, shopping center, (coming) hotel, etc. at door step...it is also the biggest project with full facilities, and boasting a landmark of novena for its tallest twin tower of residential in singapore.

however, condo supply in the area is also soaring..other than the existing projects in surrounding area, allgreen potential new launch, next to united square, will add another hundreds units of supply to flood the area. an old apartment just opposite the soleil's site is apparently another en bloc target? easily, new supply can hit 1,000 units in the near future in the proximity area.

also, a friend said that locals/chinese do not like house next to hospital..

any thought?

Unregistered
24-06-07, 12:30
anyone knows about Soleil launch? price range..?


Heard that it is about $1300 psf.

Unregistered
24-06-07, 13:13
http://www.soleil.sg/

anyone knows about Soleil launch? price range..?

it looks situated in quite strategic location with MRT station, hospital, shopping center, (coming) hotel, etc. at door step...it is also the biggest project with full facilities, and boasting a landmark of novena for its tallest twin tower of residential in singapore.

however, condo supply in the area is also soaring..other than the existing projects in surrounding area, allgreen potential new launch, next to united square, will add another hundreds units of supply to flood the area. an old apartment just opposite the soleil's site is apparently another en bloc target? easily, new supply can hit 1,000 units in the near future in the proximity area.

also, a friend said that locals/chinese do not like house next to hospital..

any thought?


Its very true.... " locals/chinese do not like house next to hospital "

Unregistered
24-06-07, 14:20
Its very true.... " locals/chinese do not like house next to hospital "

Is it because they are afraid that germs will fly into their condos?

Unregistered
24-06-07, 15:39
Is it because they are afraid that germs will fly into their condos?

Bad feng shui.... hospitals are associated with illnesses and deaths... so...

urpas
24-06-07, 17:42
Bad feng shui.... hospitals are associated with illnesses and deaths... so...
given this 'fengshui' issue and the fact that most of the buyers will be chinese, either local or indonesians... do you think the condo will be valued at 'discount' than its instrinsic value?

when they start to launch? saw its ad in paper today.

btw, which one should be valued better..is it viva since it can be considered part of newton's neighboorhood...or soleil for the location and amenities: MRT, etc.

Unregistered
24-06-07, 21:51
given this 'fengshui' issue and the fact that most of the buyers will be chinese, either local or indonesians... do you think the condo will be valued at 'discount' than its instrinsic value?

when they start to launch? saw its ad in paper today.

btw, which one should be valued better..is it viva since it can be considered part of newton's neighboorhood...or soleil for the location and amenities: MRT, etc.

Soleil is a 99 yrs leasehold. Metropolitan also is a 99 yrs leasehold. Both just next to MRT. Draw a straight line to Orchard, both almost equal.

For me personally, I will take Metropolitan because it only cost $1000 psf subsale while soleil is about $1350. Novena square is just next door but so does thiong bahru mall is just 1 mrt stop away.
Another reason is the hospital. It is true I find several investors really dont like hospital next to home because of certain believe and will have a hard time to sell because of the hospital.

Unregistered
24-06-07, 21:57
Soleil is a 99 yrs leasehold. Metropolitan also is a 99 yrs leasehold. Both just next to MRT. Draw a straight line to Orchard, both almost equal.

For me personally, I will take Metropolitan because it only cost $1000 psf subsale while soleil is about $1350. Novena square is just next door but so does thiong bahru mall is just 1 mrt stop away.
Another reason is the hospital. It is true I find several investors really dont like hospital next to home because of certain believe and will have a hard time to sell because of the hospital.
I agree with you, remember SARS time the property over there are badly affected.

urpas
24-06-07, 22:48
Soleil is a 99 yrs leasehold. Metropolitan also is a 99 yrs leasehold. Both just next to MRT. Draw a straight line to Orchard, both almost equal.

For me personally, I will take Metropolitan because it only cost $1000 psf subsale while soleil is about $1350. Novena square is just next door but so does thiong bahru mall is just 1 mrt stop away.
Another reason is the hospital. It is true I find several investors really dont like hospital next to home because of certain believe and will have a hard time to sell because of the hospital.
but, metropolitan is just situated in a different class of neighborhood, tiong bahru/bukit merah, hdb flats are around, mrt is above ground (noisy). talking about orchard, unless yu drive, no direct access from metroplitan to orchard by public transportation, taking MRT you need to transfer in raffles city, it can take 20 minutes or more with transfer time. there is one bus only from opposite of redhill MRT station, 132, but much less frequency than MRT, and it doenst go through main orchard road (it turns left to scott road). it is a short 5-minute MRT travel from novena to orchard; also several direct buses.

no doubt, soleil -- situated in middle-up class neighborhood, with better amenities, access, etc. but minus hospital! -- must be priced at premium vs metropolitan...the question is how much the premium is..30%, 40%, 10%...i guess around 25%-35% sounds alright. personally, for my own living purpose, at 35% premium i'll go to metropolitan, because i cant afford anything above 1,000 psf!

Metro
25-06-07, 00:08
no doubt, soleil -- situated in middle-up class neighborhood, with better amenities, access, etc. but minus hospital! -- must be priced at premium vs metropolitan...the question is how much the premium is..30%, 40%, 10%...i guess around 25%-35% sounds alright. personally, for my own living purpose, at 35% premium i'll go to metropolitan, because i cant afford anything above 1,000 psf!

Hi urpas,

If you eventually buy Metropolitan, please let us know if you bought a low, mid or high floor unit and the stack (i.e. which unit) and the psf price.

I am a Metro owner and is very keen to know the current subsales situation for Metro.

Thanks in advance.

Unregistered
25-06-07, 10:58
I think there will be a 35%-40% difference between Metropolitan and Soleil.
Thats quite a lot.
MRT is electric operated so I dont think it will be noisy.

Unregistered
25-06-07, 16:18
MRT is very noisy, every 5 minute or so, one long six-cabin electric train with the gloon-gloon sound (every floor can hear and it radiates diagonally towards 10th or 11th floor - usually the loudest). Metro also near to the station, so trains stopping and leaving will add to further noise and pollution. Not a good idea to face an open MRT. Don't believe, go and see those hdb near to mrt and you will understand. Soleil got undergrnd mrt so it is much better in this aspect.

urpas
25-06-07, 16:29
Hi urpas,

If you eventually buy Metropolitan, please let us know if you bought a low, mid or high floor unit and the stack (i.e. which unit) and the psf price.

I am a Metro owner and is very keen to know the current subsales situation for Metro.

Thanks in advance.
hi metro, i didnt buy the metropolitan condo. wanted to book one before, but my friend -- and my agent as well -- didnt recommend saying that price was elevated already ...but it is now higher. i dont blame anyone, property price is always not easy to predict.

metro
25-06-07, 20:00
hi metro, i didnt buy the metropolitan condo. wanted to book one before, but my friend -- and my agent as well -- didnt recommend saying that price was elevated already ...but it is now higher. i dont blame anyone, property price is always not easy to predict.

Hi urpas,

Have you considered Tanglin View condo, which on the other side of the road from Metropolitan? Tanglin View is further away from the MRT station, noise should be less.

Unregistered
01-07-07, 03:20
Developer : Riverside Investments Pte Ltd
Location : LOT 931T TS 29 at Sinaran Drive, beside Novena MRT
Tenure : Leasehold 00 years W.E.F 23 October 2006
Expected TOP : 30 September 2012
Expected Legal Completion : 30 September 2015
CSC : 30 September 2013
No. of Blocks / Storeys : 2 Blocks / 36 Storeys
Total No. of Units : 427
Site Area : Approx 134,160 sq ft / Plot ratio 3.5
Unit Types :
Type No. of Units Unit size range
1-Bedroom 94 509 - 579 sq ft
2-Bedroom 109 926 - 958 sq ft
2-Bedroom + study 60 1110 sq ft
2-Bedroom loft 32 1370 sq ft (include void)
3-Bedroom 64 1467 sq ft
4-Bedroom 64 1727 sq ft
5-bedroom penthouse 4 4972 - 5262 sq ft
TOTAL 427

Unregistered
10-07-07, 23:53
Anybody know what is the selling price for this project???

My Opinion
11-07-07, 00:33
Indicative pricing to be $1700 psf for this 99 year leasehold project.

For that, you get a great location (although it is not Orchard, but still a great location nonetheless), MRT, shopping malls, 3 supermarkets, schools, marvellous views, access to high-end medical suites next door. Premium developer like Frasers Centrepoint will always give you high quality construction and finishes.

Make no mistake: this isn't a chic location like Orchard or Mohd Sultan, but as far as amenities and functionalities go, this location is hard to beat.

You get high rental yield paid for by those middle-management expats coming into Singapore by the thousands every year.

And there is medical tourism: I can see the just think of all those rich arabs, indians, and indonesians who come here for healthcare. They may very well buy a unit here to stay for their annual visit to their specialist doctor.

I definitely see an upside to this project, and the intrinsic value of this location will be evident even during a recession.

My Opinion
11-07-07, 00:40
Almost forgot.

Novena is also a great location for early childhood education. Besides serving as a base for several international Embassies and Consulates, United Square is a "kid's mall", with lots of private tuition and specialist tuition facilities, some of them very high-end charging premium fees.

All around Novena there is Pat's Schoolhouse, Eton House, Kumon, and a host of other education facilities for young children. It is no wonder expat families love this area.

Location, location, location? Intrinsic value contributes greatly to what makes a location prime. Intrinsic value has nothing to do with fashion or whether it is the "in" place to stay. Intrinsic value is fundamentals - facilities and stuff.

Disclaimer: hip, happening, and swinging singles should look past this area and head for River Valley and MacKenzie Road. For this area, only couples with young kids need apply.

Unregistered
11-07-07, 15:45
I think the modern Chinese are not as pantang to not live next to hospital.

Plus it is not a full govt hospital, it has johns hopkins (dunno whether still there?), novena medical suites, singapore's top neurology department, etc. So it is more "high class" lah, ha ha...

ahlahdin
11-07-07, 17:30
http://img329.imageshack.us/img329/7717/soleilhg8.jpg

Unregistered
14-07-07, 00:30
I dont think this one will be priced at $1700. Developers will give carefull consideration when they come to pricing. Yes they can sell it at $1700 but only 20% will be sold.

Once price have been set they cannot change their mind and say : ok lets lower by $300. This will disappoint the 1st 20% buyers and decrease the developers image. THIS IS DANGEROUS. Once people dont trust the developers, they hard to make a living next time.

At $1700 people can add $100-200 and get the Subsale condos like Trillium, cosmo, Newton one, visioncrest, Rivergate, Tribeca, watermark, urbana, and these condos are freehold and located very near to orchard.

Wiser price will be $1300-$1500. earn lesser but sell amolst all units. Dont forget their break even price is approx only at $750. Multiply by 2 will be fair at $1400.

Unregistered
19-07-07, 00:16
my opinion... u almost hit it.. i think we'll see prices of $1600-1800psf... actually they intended to test $1500psf...

mr funny
24-07-07, 07:10
Published July 19, 2007

Condos-on-columns the in thing in S'pore

Soleil@Sinaran is latest in new trend for high-rises that enhances privacy


By ARTHUR SIM


THE upcoming Frasers Centrepoint Homes condo Soleil@Sinaran is the latest to reflect the trend for soaring buildings raised high on columns.

http://www.businesstimes.com.sg/mnt/media/image/launched/2007-07-19/BT_IMAGES_ASSOLEIL19.jpg
Bigger landscape: For Soleil@Sinaran, Frasers Centrepoint Homes' upcoming condo, raising the building has allowed to free more space for landscaping

Architects 61, which also designed The Cosmopolitan in the River Valley area, said that by elevating the 417-unit Soleil@Sinaran, 'the privacy of the units is enhanced to greater heights'.

Considerations in the design of Soleil@Sinaran included a high plot ratio of 3.5, a height restriction of about 40 storeys and high-density living.

The architects also felt that adjacent mid-rise private flats and Novena Square commercial development had large footprints and, therefore, views were minimised.

Architects 61 said: 'Privacy of the lowest level of units is further enhanced by locating it as high from the ground as possible.'

Like The Cosmopolitan - and many other new condominiums - Soleil@Sinaran will rise from above street level.

But will columns be the only thing visible from street level?

Asked about the impact on the streetscape from buildings raised on columns, the Urban Redevelopment Authority said: 'Generally, in certain areas within the city centre, urban design guidelines are put in place where the context requires buildings to relate to the street and their surrounding developments.

'In the case of The Cosmopolitan, it is located in a residential area where the relation of the building to the street is not as critical. Hence the guidelines do not specifically require the building to do so.'

For Soleil@Sinaran, raising the building has allowed Architects 61 to free more space for landscaping that will include lagoons, pool lounges, entertainment pavilions with spa alcoves and spa pavilions to create a 'green podium'.

'The landscaping extends into the depth of the tower footprint,' the architects said. 'Trees grown within the covered first-

storey terrace provide a human scale to the tower rising above, 'dissolving' the boundary between the inside and the outside. It is this landscaped podium that provides the human scale at street level.'

Soleil@Sinaran is expected to be launched mid-August. Prices have not be fixed yet.

Weekend Today
17-03-08, 15:50
Hsien Yang's in-laws buy F&N-developed condo
Cheow XinYi
Weekend Today
Saturday-Sunday, 26-27 January 2008

http://bp1.blogger.com/_YlvEjlIelzk/R5szvLgwj4I/AAAAAAAAIbA/4pouXuZ54Ws/s400/F%26N+Chairman,+Former+SingTel+CEO,+Mr+Lee+Hsien+Yang+7.jpg

Fraser and Neave (F&N) has sold a unit of its Soleil @ Sinaran residential development for $2.66 million to the relatives of its chairman Lee Hsien Yang.

Mrs Lim Chong Yah, who is Mr Lee's mother-in-law, and Ms Lin Xueling, his sister-in-law, bought the unit, located in the Novena area, during the public launch of the project, F&N said in a filing with the Singapore Exchange. The project is developed by Riverside Investments, a wholly-owned subsidiary of F&N's property arm Frasers Centrepoint. F&N said no discount was given to Mrs Lim and Ms Lin, who were "walk-in customers".

"The Audit Committee is satisfied that the number and terms of the sale are fair and reasonable, and the Audit Committee and Board are satisfied that the terms of the sale are not prejudicial to the interests of the company and its minority shareholders," said F&N in the statement.

Mr Lee joined the company as its non-executive chairman last October, replacing Dr Michael Fam. Its announcement that Mr Lee stood to earn an annual fee of $1 million a year as part of a consultancy agreement raised eyebrows at the time. But F&N has since said the consultancy agreement will be dissolved at the end of this month "with a view to simplifying matters". The $1 million will be paid as director's fees, subject to a shareholder vote.

The Sunday Times
17-03-08, 15:51
Lee Hsien Yang's in-laws buy unit in F&N-built condo
The Sunday Times
Sunday, 27 January 2008

http://i266.photobucket.com/albums/ii268/kcc0002/Soleil1.jpg
Mr Lee's Mother-in-law and sister-in-law paid $2.66 million, the prevailing price, for a unit in the Soilel @ Sinaran in Novena.

Fraser & Neave (F&N) chairman Lee Hsien Yang's in-laws have bought a unit in one of the company's condominium projects.

Mrs Lim Chong Yah, who is Mr Lee's mother-in-law, and his sister-in-law, Ms Lin Xueling, paid $2.66 million for an apartment in the 99-year leasehold Soleil @ Sinaran in Novena.

The 417-unit twin block project is being developed by Riverside Investments, a wholly-owned subsidiary of F&N's property arm, Frasers Centrepoint.

In a filing with the Singapore Exchange on Friday, F&N said Mr Lee's relatives were walk-in customers during the public sale.

According to the statement, no discount was given and the price was based on the prevailing approved price list at the time of sale.

"The audit committee is satisfied that the number and terms of the sale are fair and reasonable, and the audit committee and board are satisfied that the terms of the sale are not prejudicial to the interests of the company and its minority shareholders," said the company.

URA
17-03-08, 15:56
Private Residential Units Sold in the Month of February 2008

Project Name .. Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Soleil @ Sinaran . CCR ....... 3 ............................... 1,676 ............. 1,524 ............ 1,492

The Straits Times
17-03-08, 17:56
http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Space crunch in Orchard pushes docs to Novena
The area could turn into medical hub as more private doctors set up clinics there
Jessica Jaganathan
The Straits Times
Wednesday, 12 March 2008

http://i266.photobucket.com/albums/ii268/kcc0002/NovenMedicalHub.jpg

Private doctors are flocking to the Novena area as the squeeze on clinic space in the Orchard Road belt tightens.

The migration could turn the area into Singapore's newest centre for private health services, some believe.

In the space of two years, developer Far East Organization has already sold or leased 92% of the 145 medical suites at its new Novena Medical Centre (NMC).

Private doctors at the centre, which opened last October, are allowed to use some X-ray machines and labs in Tan Tock Seng Hospital (TTSH), which is just across the street.

Developers in the area are also setting space aside for private doctors, as well as accommodation for patients and their families.

The spill-over of demand has prompted Far East to house another 64 clinics in its 28-storey hotel in nearby Sinaran Drive. The group plans to either sell or lease the suites when ready, which is likely to be by 2010.

In Newton Road, SC Global Developments will also save space for medical suites in its upcoming office building, Newton 200.

Private specialists can also look to the Parkway Group's new hospital in Irrawaddy Road, which is scheduled to open in July 2011. The group is setting aside 30% of its space for them.

Medical suites in Novena occupy about one-third of the space that clinics in Orchard do. At about 24,154 sqm in total, they cover about the same area as Clarke Quay.

This spate of activity is fuelled by the Government's plan to attract one million foreign patients a year by 2012.

Mr G.L. Yap, executive director for Far East Organization's property services, said: 'The infrastructure has to keep pace with expectations of growth.'

Foreign patients number more than 400,000 a year and come mainly from Indonesia and Malaysia, with increasing numbers from China, the Middle East and developed countries. They come for a range of treatments, including day surgery and routine health checks.

Spending on so-called medical tourism averaged about $1.3 billion in 2006 and is expected to double by 2012, according to Dr Jason Yap, director of health-care services at the Singapore Tourism Board.

The space crunch is already being felt by medical centres at Mount Elizabeth, Gleneagles, Paragon and Camden.

Company officials say that, save for three units, the buildings have been totally sold or leased out. While Paragon declined to say how many units it has, the three other centres have more than 540 suites.

The demand for medical suites has been pushing rents up, said property analysts. In the Mount Elizabeth Medical Centre, a suite was last sold for $5,000 psf, up from $4,017 last March.

Colorectal surgeon Francis Seow-Choen bought a unit at Novena two years ago because of high rents. For the past four years, he has also been renting a unit at the Mount Elizabeth Medical Centre, where rents have risen to about $18 psf, from about $8 psf four years ago.

'The rents here have risen astronomically,' said Dr Seow-Choen. 'Instead of being subjected to market forces, I've decided to buy a unit in Novena, which as an area has a lot of potential.'

The Singapore Medical Group moved its Sports Medicine Centre from Paragon to the NMC this year, because of the space crunch and the area's attraction as a sports and medical hub.

Dr Jimmy Lim, a cardiologist who crossed over from TTSH to set up his own clinic at the NMC, said the new clinic allows his previous patients to visit him.

'Having a restructured hospital and now a private hospital nearby is basically going to give my patients a wider choice when they use the in-patient facility,' he said.

Medical suites in Orchard
- Gleneagles Medical Centre: 164 medical suites
- Mount Elizabeth Medical Centre: 232
- Lucky Plaza: 56
- Paragon Medical Centre: Did not reveal exact number of suites but occupies 160,000 sqft
- Camden Medical Centre: 150
- Ngee Ann City: 10
- Shaw House: 4
- Shaw Centre: 1

Medical Tourism
Foreign patients number more than 400,000 a year and come mainly from Indonesia and Malaysia, with increasing numbers from China, the Middle East and developed countries.

Unregistered
18-03-08, 16:24
Went to the show house and a lot of returned units!!!

Unregistered
18-03-08, 17:43
Went to the show house and a lot of returned units!!!
HsienYang's in-laws also bought a returned unit.
You should get one too.

Unregistered
20-03-08, 13:25
Leading Economic Indicators in U.S. Probably Fell in February

By Courtney Schlisserman

March 20 (Bloomberg) -- The index of U.S. leading economic indicators fell for a fifth month in February, reflecting mounting signs that a recession has begun, economists said before a report today.

The Conference Board's gauge, which points to the direction of the economy over the next three to six months, fell 0.3 percent last month, according to the median forecast in a Bloomberg News survey. The last time the index dropped for as many months was in 1990, when the economy was shrinking.

The leading index dropped as building permits, stock prices and consumer sentiment sank and first-time claims for jobless benefits jumped. Federal Reserve policy makers this week said risks to growth remain even after lowering the benchmark interest rate and making billions of dollars available to banks and securities firms to try to stabilize financial markets.

``A losing streak of five months is usually reserved for recessionary periods,'' said Jonathan Basile, an economist at Credit Suisse Holdings in New York. ``Once the labor market cracks, like it did last month, it shows the cycle is starting to turn down.''

The Conference Board, a New York-based non-profit research group, is scheduled to issue the report at 10 a.m. local time. The 58 estimates in the Bloomberg News survey ranged from a 0.7 percent decline to an increase of 0.2 percent.

Reports so far this month signal the leading index will keep falling. A report from the Labor Department due at 8:30 a.m. in Washington is forecast to show that initial jobless claims rose to 360,000 last week, according to the median survey projection.

Rising Claims

Applications for unemployment benefits last month averaged 359,200, compared with 326,500 in January, according to Labor Department figures.

A 10:00 a.m. report from the Fed Bank of Philadelphia is forecast to show manufacturing in the region contracted for a fourth month in March.

Seven of the 10 components of the leading index are known ahead of time: stock prices, jobless claims, building permits, consumer expectations, the yield curve, supplier delivery times and factory hours. The Conference Board estimates the remaining three: new orders for consumer goods, new orders for non-defense capital goods and the money supply.

Building permits for February fell 7.8 percent to an annual pace of 707,000, the lowest level in more than 16 years, the Commerce Department said on March 18.

The Reuters/University of Michigan index of consumer expectations dropped to the lowest level since 1992 last month and a preliminary reading for March, issued last week, showed the measure is still declining.

Spending Cools

Americans are spending less as pessimism grows. AnnTaylor Stores Corp., the clothing retailer geared toward women ages 25 to 55, last week reported a fourth-quarter loss and said same- store sales may decline in 2008.

The deteriorating economy had a ``major impact'' on store traffic, Chief Executive Officer Kay Krill said in a March 14 conference call.

``Downside risks to the economy remain,'' Fed policy makers said in a March 18 statement announcing the central bank lowered its target for the benchmark rate by three-quarters of a point to 2.25 percent. The Fed has cut the rate by three percentage points since September.

On March 16, the central bank also lowered the rate on direct loans to banks and said it will provide up to $30 billion to JPMorgan Chase & Co. to help finance the purchase of Bear Stearns Cos. after a run on the fifth-largest U.S. securities dealer.

More Funding

Less than a week earlier, the Fed said it would make up to $200 billion in Treasuries available through weekly auctions in exchange for other securities that for the first time will include those backed by mortgages issued by private lenders.

Companies are counting on gains overseas as the U.S. economy slows. General Electric Co. Chief Executive Officer Jeffrey Immelt told investors on March 13 that demand for the company's products from infrastructure projects and growth in Europe, Asia and Africa is helping offset any drag from a slump in the U.S.

``I still believe in the strength of the global economy now, but the U.S. consumer is in a tougher patch,'' Immelt said in a forum on the company's Web site.

Unregistered
20-03-08, 16:03
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Wall Street Jumps as Goldman Sachs and Lehman Brothers Beat Forecasts
Caroline Valetkevitch
Reuters
New York, New York, U.S.
10:25am U.S. ET

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Traders work on the floor of the New York Stock Exchange March 17, 2008. - Photo: Brendan McDermid, Reuters

Stocks jumped on Tuesday as stronger-than-expected earnings from Goldman Sachs Group Inc's and Lehman Brothers Holdings Inc provided some reassurance about the ailing financial sector.

All three major indexes were up close to 2%.

Investors also looked forward to what is expected to be a steep interest rate cut from the Federal Reserve's policy-setting committee around 2:15 pm U.S. Eastern Time on Tuesday.

Goldman and Lehman shares jumped in early trading, leading a rebound in financial stocks, which tumbled on Monday after JPMorgan Chase & Co's deal to buy struggling brokerage Bear Stearns at a rock-bottom price. A broker dealer index surged 5.9%.

"Today's a day for good news, with Goldman and Lehman results beating estimates. Right now the focus is that these earnings weren't as bad as they could have been," said Giri Cherukuri, head trader at OakBrook Investments LLC in Lisle, Illinois.

The Dow Jones industrial average rose 231.78 points, or 1.94%, to 12,204.03. The Standard & Poor's 500 Index gained 28.18 points, or 2.21%, to 1,304.78. The Nasdaq Composite Index jumped 44.25 points, or 2.03%, to 2,221.26.

Shares of Fannie Mae and Freddie Mac rose on expectations their regulator will ease restrictions on the government-chartered companies and help them increase spending in the U.S. housing market. Fannie was up 11.8% at $24.86, while Freddie Mac was up 12.3% at $23.15.

Shares of Goldman were up 8.5% at $163.70 while Lehman was up 17% at $37.12 after reporting results that beat Wall Street estimates.

On the Nasdaq, Yahoo Inc shares rose 4.7% to $27.07 after the Internet search company affirmed its outlook for the first quarter and full year.

Interest rate futures show investors are fully pricing in a one percentage-point cut in U.S. short-term rates, which would take the benchmark fed funds target rate down to 2%.

Over the weekend, the Fed made an emergency quarter-point cut to its discount rate to 3.25% and expanded lending to a wider range of big financial firms, in the first such move since the Great Depression of nearly 80 years ago.

Data before the opening on U.S. housing starts was stronger than expected, adding further support to the market.
Goldman, Lehman and whatman!

Unregistered
20-03-08, 16:09
http://www.ap.org/media/images/logo.gif
Morgan Stanley 1Q profit tops estimates
Joe Bel Bruno
Business Writer
Associated Press
Wednesday, 19 March 2008, 4:43 PM U.S. ET

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The Morgan Stanley headquarters is seen in New York 30 January 2008. - Photo: Shannon Stapleton, Reuters

Morgan Stanley posted better-than-expected quarterly earnings on Wednesday, joining those from two of its rivals and indicating that Wall Street may be getting a better grip on the credit crisis.

The nation's second-largest investment bank was able to parlay aggressive stock and bond trading into offsetting more losses linked to subprime mortgages. Morgan Stanley — like Lehman Brothers and Goldman Sachs on Tuesday — was also able to top Wall Street's reduced expectations by a wide margin.

Morgan Stanley's results came during a tumultuous week. Just a few days earlier, rival Bear Stearns Cos. sold itself at a fire-sale $2 per share price to JPMorgan Chase & Co. in order to avoid declaring bankruptcy. That sent a shockwave through Wall Street as investors wondered if other investment banks might be in the same predicament.

But the strong results from Morgan Stanley, Goldman and Lehman helped assuage fears of a wider meltdown in the financial system — at least for now.

"Fact is, like it or not, this is an inherently risky business where the returns will shift to those willing to take the most leverage," said Jack Ablin, chief investment officer of Harris Private Bank. "Expectations had us in a tailspin."

The earnings results not only helped shares of the investment banks recover from the lows they hit Monday in the aftermath of Bear's sale, but also backed claims by the companies' chief executives that they could take advantage of the market's dislocation.

John Mack, Morgan Stanley's CEO, said the investment house known for its trading prowess "effectively capitalized on market opportunities and aggressively managed our positions." The company had about $2.3 billion worth of write-downs linked to the credit and housing market crisis, but one of its best trading performances in history.

Morgan Stanley wrote down about $9.4 billion during last year's second half. Global banks and brokerages have so far claimed about $200 billion worth of write-downs since last year.

"While many of our businesses are facing challenging market conditions that we expect to continue in the months ahead, we are satisfied with how Morgan Stanley navigated the ongoing market turbulence," Mack said in a statement.

The company said it earned $1.53 billion after preferred dividends, or $1.45 per share, down 42% from $2.66 billion, or $2.17 per share, a year earlier. Revenue fell 17% to $8.3 billion from $10 billion a year earlier.

But the lower results easily topped analysts' expectations for a profit of $1.03 per share on $7.19 billion of revenue, according to Thomson Financial.

Its shares closed up 59 cents at $43.45, following a 17% gain in Tuesday's market rally.

Morgan Stanley's institutional securities business — which includes investment banking and trading — posted $6.2 billion of revenue. The results marked the division's third-best quarter ever.

Meanwhile, volatility in the bond market pushed fixed-income sales and trading revenue to their second-best showing with $2.9 billion of revenue.

Though offset by mortgage write-downs, Morgan Stanley relied on robust commodities and currency markets to drive results.

"We believe (Goldman and Morgan Stanley) have shown their ability to trade challenging markets this quarter," said Roger Freeman, an analyst with Lehman Brothers. "There is hope that the Federal Reserve's aggressiveness will begin to unclog the fixed-income markets. ... This could push the group still higher over the next few sessions."

Goldman Sachs, Lehman and Morgan Stanley said they began to test a new program this week that allows them to borrow directly from the central bank to help improve the financial market's liquidity. On Sunday the Fed gave investment banks permission to borrow from its discount window, which had previously been restricted to commercial banks.

The Fed also cut the rate at which financial institutions borrow at its "discount window" to 2.5 percent from 3.5 percent in two separate actions this week.

Though all seemed to be positive steps for Wall Street, that doesn't mean the concerns about the rest of the year have been alleviated.

The fiscal first-quarter for the three banks ended Feb. 29, before most of the market turbulence that rocked Bear Stearns last week. Investors are also still waiting for Merrill Lynch & Co. to finish its first quarter at the end of the month.

And then there's the biggest worry on investors' minds.

"We remain concerned with the deteriorating economy and its impact on the results at these firms, despite (the Fed's) aid with near-term funding," said Standard & Poor's equity analyst Matthew Albrecht.
Modern and steady!

Unregistered
23-03-08, 15:19
Went to the show house and a lot of returned units!!!

People forgoing their options? I wonder whether that will ever be published in the news?

Unregistered
24-03-08, 01:00
People forgoing their options? I wonder whether that will ever be published in the news?

That happened in Q4 07. It was published in the news. Perhaps you missed the news.

Since Nov 07 till now, there are no more additional returned units.

Unregistered
24-03-08, 10:30
If Iam correct, the 1st payment is 1% right? then second payment is 4%.

Can someone returned the unit after they paid 5%?
By the time they paid the 4%, i believe it is already in the caveat lodged.

I believe those that paid 1% still can return the unit but if 4 % have been paid. units cannot be returned is it???.

Unregistered
24-03-08, 11:30
If Iam correct, the 1st payment is 1% right? then second payment is 4%.

Can someone returned the unit after they paid 5%?
By the time they paid the 4%, i believe it is already in the caveat lodged.

I believe those that paid 1% still can return the unit but if 4 % have been paid. units cannot be returned is it???.
Primary sale (direct from developer)?
- 5%
- 15% (return unit if don't pay 15%, 75% of 5% will be refunded)
- the remaining progressive or deferred

Don't play this return-unit game. Nobody has been doing it since Nov 07.

Unregistered
24-03-08, 12:28
Primary sale (direct from developer)?
- 5%
- 15% (return unit if don't pay 15%, 75% of 5% will be refunded)
- the remaining progressive or deferred

Don't play this return-unit game. Nobody has been doing it since Nov 07.

If they bought from the developer they still can return the unit. What happen if they buy in the secondary market??

Unregistered
24-03-08, 12:51
If they bought from the developer they still can return the unit. What happen if they buy in the secondary market??
Secondary sale / Subsale?
- 1%
- 4% (return unit if don't pay 4%)
- the remaining by completion date

Unregistered
31-03-08, 12:25
Where are all the @SS's?

Unregistered
31-03-08, 17:45
Where are all the @SS's?
You may be a dirt in the society.
Hsien Yang's in-laws are not @SS.

CSR Police
31-03-08, 17:58
Where are all the @SS's?
:****you: :asshole: :please-die:

Unregistered
01-04-08, 16:59
You may be a dirt in the society.
Hsien Yang's in-laws are not @SS's.
Agree.
Please strictly discuss property matters and refrain from cracking jokes on PM's relatives.
They are respectable people who knows the market price movement.


http://www.channelnewsasia.com/images/CNAlogo.gif
HDB and private property prices up in Q1 flash estimates
Channel NewsAsia
Tuesday, 1 April 2008, 1345 hrs

http://www.channelnewsasia.com/imagegallery/store/phpqVz7c1.jpg

Private residential property prices in Singapore rose 4.2% in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority.

The pace was slower than the 6.8% clip recorded in the fourth quarter of last year.

On a quarter on quarter basis, the biggest rise in property prices for non-landed properties came from the central districts just outside the prime postal districts of 9, 10 and 11.

Prices in these central areas (i.e. RCR) increased 7.7% in January to March, compared with the October to December period.

Properties in the prime districts of 9, 10 and 11, as well as the downtown area and Sentosa (i.e. CCR), rose 7.5% on quarter.

And those in the rest of Singapore (i.e. OCR) advanced about 7% in the first quarter from the previous three months.

The preliminary estimates are based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, as well as the number of new units sold.

Meantime, the Housing and Development Board says prices of HDB resale flats rose 3.4% in the January to March period over the previous three months.

This is lower than the 5.7% increase in the fourth quarter.

Both the URA and HDB will release final figures at the end of April.

The URA said in its release, that as at 4th Quarter 2007,there are about 64,900 private residential units in the pipeline, of which about 56,100 new private housing units are expected to be completed between 2008 and 2011.

There are also some 38,300 units that have yet to be put on sale by developers.

As for the supply of government flats, the HDB said it had made available in the first quarter of this year, some 1,100 new flats in two Build-To-Order (BTO) projects in Punggol and Yishun.

It said that depending on demand, there could be another 5,000 new BTO flats in towns such as Punggol, Sengkang, Woodlands and Bukit Panjang.

The total planned BTO supply of 6,100 new flats for January till September 2008 will surpass the annual BTO flat supply in 2007 and 2006.

This new supply of flats will be in addition to those offered under Balloting Exercises for surplus replacement SERS and other flats, as well as the planned release of three Design-and-Build sites in Simei, Toa Payoh and Bedok with some 1,500 flats in the 1st half of 2008.

Unregistered
09-04-08, 11:48
NO SIGN OF THE SPECULATORS.....THEY ARE FINISHED!!! MAD RUSH AT THE EXITS....OTHERS PLEASE AVOID THE EXITS....SPECULATORS FLEEING...WATCH OUT FOR YOUR OWN SAFETY.

Unregistered
09-04-08, 13:30
NO SIGN OF THE SPECULATORS.....THEY ARE FINISHED!!! MAD RUSH AT THE EXITS....OTHERS PLEASE AVOID THE EXITS....SPECULATORS FLEEING...WATCH OUT FOR YOUR OWN SAFETY.

Went to soleil so many return units. Option fee and stamp fee gone. Pissed for sure

Unregistered
09-04-08, 14:15
SG subprime is here!

Unregistered
09-04-08, 18:43
Published April 9, 2008

Private bankers upbeat despite credit crunch

By GENEVIEVE CUA


(SINGAPORE) The world may be mired in a credit crunch, economic slowdown and rocky stock markets. But bankers catering to the well-heeled in Asia expect growth almost akin to that of last year, as they hunker down to squeeze yet more productivity out of their relationship managers.

Credit Suisse managing director and head of private banking Marcel Kreis, for instance, says revenues and assets under management have been growing by 20-30 per cent annually. 'Our Asia Pacific private banking operations have been enjoying very strong momentum and this is expected to continue in the next two years, with the objective of doubling the Asian business.'

Merrill Lynch head of global wealth management (Asia Pacific) Rahul Malhotra says the bank saw growth of 30-40 per cent in assets last year. 'I would be surprised if we didn't see those numbers this year . . . There is growth overall in Asian economies. Even with what is happening in the US, inherently we will see growth come through.'

Private banks' relatively low penetration of Asian markets presents opportunities, says Tjun Tang, Boston Consulting Group director. BCG is currently compiling data for its annual wealth survey. 'We're seeing assets sitting in private banks of less than US$1 trillion. But household wealth across Asia comes to US$16 trillion . . . Many banks are growing 20-30 per cent a year. If the underlying wealth is growing at an 8 per cent rate, there must be an increasing penetration of services.'

Market volatility, however, could impact banks' revenue streams as a substantial proportion comprises income that is transactional in nature. 'In Asia, a lot of revenues are generated through private banks selling transactional products. Now that there is less of a single directional trend, one risk is that private banking income may decline or be less stable,' says Mr Tang.

Still, he expects margins in Asia to remain healthy. 'We're still fairly bullish on Asia despite compensation levels having gone up a lot. Pre-tax margins are still in good territory.'

On the hiring front, the appetite for junior bankers appears to have abated, but almost all the banks say they are on the lookout for mature bankers with a book of business.

Nick Hughes of Fox Partnership, which specialises in placing top-level hires in wealth management, says: 'A bank may suffer sub-prime woes. But if there is a strong banker talent, he or she is an asset, regardless of the current situation.' Banks, he adds, will demand more accountability.

The firm continues to work on a number of 'interesting' projects, which includes placing Asian bankers in posts in Switzerland, for instance, to serve Asia from Europe, as well as the reverse - the hiring of European bankers for Asia.

On investments, bank strategists continue to see opportunities in emerging markets, particularly the Middle East and Latin America, and selected Asian markets. JP Morgan Private Bank chief investment strategist Ivan Leung believes regional stock markets are 'excellent long- term investments'. He singles out Thailand and Taiwan, which have underperformed Asia ex-Japan for four years, but are at the start of a domestic turnaround. Singapore and Korea are cheap, he adds, 'but will likely require some patience'.

On a 12-month view, Deutsche Bank Private Wealth Management forecasts a return of 10-16 per cent for US equities; 8-13 per cent for Euroland; and a higher 10-17 per cent for Latin America and Asian equities due to higher growth and earnings.
Stop wasting your time on the forum or this thread. The forum will not make you rich.
Have a break. Let me buy you a cup of coffee.

- Your private banker

Unregistered
10-04-08, 09:25
Stop wasting your time on the forum or this thread. The forum will not make you rich.
Have a break. Let me buy you a cup of coffee.

- Your private banker
PISSED MORONS ARE BLANK. HAVE RUN OUT OF IDEAS. RUSHING BACK TO RETURN UNITS AND FORFEIT THE INITIAL SIGNING AMOUNT AND STAMP FEES.

Unregistered
10-04-08, 09:33
NO SIGN OF THE SPECULATORS.....THEY ARE FINISHED!!! MAD RUSH AT THE EXITS....OTHERS PLEASE AVOID THE EXITS....SPECULATORS FLEEING...WATCH OUT FOR YOUR OWN SAFETY.
Looking back I regret having ridiculed you and not having followed your advice to get out of the market back in October. I am trying to get whatever is left since I trust that you are good at predicting about the market. Back in August you said it was falling and I didn't trust you then. See what bad state I am in today. Please send me contact detail so I can take some advice. Once again thank you so much.

Unregistered
10-04-08, 12:46
PISSED MORONS ARE BLANK. HAVE RUN OUT OF IDEAS. RUSHING BACK TO RETURN UNITS AND FORFEIT THE INITIAL SIGNING AMOUNT AND STAMP FEES.
This is a serious misrepresentation!

There is no returned units since Nov 07.

Stop misleading others!

Unregistered
10-04-08, 12:46
Looking back I regret having ridiculed you and not having followed your advice to get out of the market back in October. I am trying to get whatever is left since I trust that you are good at predicting about the market. Back in August you said it was falling and I didn't trust you then. See what bad state I am in today. Please send me contact detail so I can take some advice. Once again thank you so much.
Don't reply your own message.

Unregistered
10-04-08, 12:48
This is a serious misrepresentation!

There is no returned units since Nov 07.

Stop misleading others!
Of course no more returned unit since Nov07 lah.
Cos' the economy is doing extremely well in Q1'08 mah.


http://www.afp.com/english/home/imgs/logo.gif
Singapore's GDP Rebounds By 16.9% In Q1
MAS moves to curb inflation as growth rebounds
Agence France-Presse
Singapore
Thursday, 10 April 2008

Singapore's central bank unexpectedly further tightened monetary policy on Thursday, pushing the Singapore dollar to a record high against the U.S. dollar, in a move aimed at keeping a lid on soaring prices.

Singapore's economy grew at an annualised, seasonally adjusted rate of 16.9% in the first quarter, beating economists' expectations, government data showed on Thursday, after a surprise 4.8% contraction in the fourth quarter of 2007.

The data beat a median forecast from economists polled by Reuters for growth of 11.5% because of a recovery in pharmaceutical and electronics manufacturing.

"The GDP figures were stronger than what the market had predicted and that gave the Monetary Authority confidence to tighten the policy," said Joseph Tan, an economist at Fortis.

"Strength of GDP quarter-on-quarter came from domestic sources. Where we go from here is a step in time approach but the one-up shift of the band, as opposed to the steepening of the Singapore dollar, shows that MAS recognises inflation is an imminent danger."

The Monetary Authority of Singapore conducts policy through the exchange rate, steering the Singapore dollar within a secret trade-weighted band against a basket of currencies, rather than by adjusting interest rates.

Growth Support

"Against backdrop of continuing external and domestic cost pressures, an upward shift of the policy band at this point will help to moderate inflation going forward, while providing support for sustainable growth in the economy," the central bank said in a twice-yearly monetary policy statement.

"MAS will therefore re-centre the exchange rate policy band at the prevailing level of the S$NEER. There will be no change to the slope or width of the policy band."

The Singapore dollar hit a record high, up 0.9% on the news to 1.3683 per U.S. dollar. The currency has gained around 5% this year.

Ten out of the 12 economists polled by Reuters had expected the MAS to refrain from tightening monetary policy due to concerns about slower economic growth.

The other two had expected the MAS to tighten policy to fight inflation, which stood at 6.5% in February. In January it hit 6.6%, the highest since March 1982.

The MAS said it expected inflation in the upper half of its 4.5% to 5.5% forecast range this year.

Singapore is one of the first Asian countries to report GDP data each quarter. The health of its exports is seen by analysts as a barometer of demand for Asian goods.

Despite concern about slower global growth, most central banks in Asia have refrained from easing monetary policy due to high inflation.

Some analysts said a stronger Singapore dollar would further cut demand for the island's exports by making them more expensive at a time when demand in the key U.S. market is weakening.

They also said a stronger Singapore dollar may not be as effective as before in reining in inflation because domestic factors such as a tight labour market, high wages and elevated property prices were factors as well.

The MAS tightened policy slightly at its last meeting in October as asset prices spiralled higher.

Singapore's economic growth is largely fuelled by manufacturing of products such as electronics, pharmaceuticals and oil rigs. However, the economy also relies increasingly on tourism, financial services and construction.

Unregistered
10-04-08, 12:56
Of course no more returned unit since Nov07 lah.
Cos' the economy is doing extremely well in Q1'08 mah.
wooooohahaha maddog/tigersee woke up seeing some number. unfortunately going down down down property.

Unregistered
10-04-08, 16:49
wooooohahaha maddog/tigersee woke up seeing some number. unfortunately going down down down property.
wooooohahaha poor maddog/tigersee, the foreigner, can't afford to buy condo but keep barking here.

Unregistered
10-04-08, 16:51
wooooohahaha poor maddog/tigersee, the foreigner, can't afford to buy condo but keep barking here.
Ignore that maddog. He don't even know that prices are moving.


http://www.channelnewsasia.com/images/CNAlogo.gif
HDB And Private Property Prices Up In Q1 Flash Estimate
Channel NewsAsia
Tuesday, 1 April 2008, 1345 hrs

Private residential property prices in Singapore rose 4.2% in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority.

The pace was slower than the 6.8% clip recorded in the fourth quarter of last year.

On a quarter-on-quarter basis, the biggest rise in property prices for non-landed properties came from outside central region - up 4.8% in the January-March quarter compared with the October-December period.

Properties in the prime districts of 9, 10 and 11, as well as the downtown area and Sentosa, rose 4.4% on quarter.

Prices in the rest of the central region increased 3.9% in the first quarter from the previous three months.

The preliminary estimates were based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, as well as the number of new units sold.

Meantime, the Housing and Development Board (HDB) said prices of HDB resale flats rose 3.4% in the January to March period over the previous three months. This was lower than the 5.7% increase in the fourth quarter.

Both the URA and HDB will release final figures at the end of April.

The URA said that as at 4th Quarter 2007, there are about 64,900 private residential units in the pipeline, of which about 56,100 new private housing units are expected to be completed between 2008 and 2011.

There are also some 38,300 units that have yet to be put on sale by developers.

As for the supply of government flats, the HDB said it had made available in the first quarter of this year some 1,100 new flats in two Build-To-Order (BTO) projects in Punggol and Yishun.

It said that depending on demand, there could be another 5,000 new BTO flats in towns such as Punggol, Sengkang, Woodlands and Bukit Panjang.

The total planned BTO supply of 6,100 new flats for January till September 2008 will surpass the annual BTO flat supply in 2007 and 2006.

This new supply of flats will be in addition to those offered under Balloting Exercises for surplus replacement SERS and other flats, as well as the planned release of three Design-and-Build sites in Simei, Toa Payoh and Bedok with some 1,500 flats in the first half of 2008.

Teana
15-04-08, 14:41
Private Residential Units Sold in the Month of March 2008

Project Name .. Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Soleil @ Sinaran . CCR ....... 1 ............................... 1,521 ............. 1,521 ............ 1,521

Business Times
06-05-08, 14:14
http://www.businesstimes.com.sg/mnt/static/image/images/topMasthead_small.gif
New Master Plan expected to see selective changes
Key sectors seen benefiting include hotels, aerospace, healthcare, transport
Kalpana Rashiwala
The Business Times
Tuesday, 6 May 2008

Urban Redevelopment Authority's Master Plan 2008 - which will be exhibited soon - will see changes in land use and increases in plot ratios, but these will be selective and focused on growth areas, rather than a widespread upgrade in densities, DBS Vickers Securities said in a report dated yesterday.

The strategic initiatives from the Master Plan will filter down to improved growth fundamentals for various economic sectors. While the property sector will be a key and obvious beneficiary, also standing to benefit from the strategic outline are the hotels, aerospace, healthcare, transport and construction sectors, the report said.

More land will be provided for development of the aerospace industry and the establishment of a designated hub near Seletar Airport will continue to provide strong fundamentals for the sector's continued growth. For the healthcare sector, DBS Vickers sees a medical hub developing around the Novena area and 'we could see rezoning of land parcels in this area to facilitate the development of this medical hub'.

It also suggests plot ratio increases in some mature HDB estates, as part of the rejuvenation plan. With Jurong and Paya Lebar earmarked as new business hubs outside the CBD, 'we are likely to see a concentration of Government Land Sale projects in these two areas in the medium term'.

Noting that the authorities have revealed plans for new residential enclaves such as the area around Marina South Gardens and Kallang Basin, it said, 'we expect rezoning and plot ratio adjustments in these areas'.

'We expect much of the key significant land use and plot ratio changes to be concentrated in certain strategic areas - Seletar (aerospace industrial use), Jurong (new regional centre), Paya Lebar (commercial hub near city fringe), Marina Bay (white sites and residential), Novena (medical and healthcare), Kallang Basin (residential) and Ophir-Rochor (mixed development).'

The report added: 'With the phased opening of the Circle Line from 2009 onwards, we also expect to see an increase in plot ratios for undeveloped state land sites that are close to Circle Line MRT stations, and in particular those that intersect with existing MRT stations.'

'With interchange stations planned at Paya Lebar, Serangoon, Bishan, Buona Vista, Harbourfront and Dhoby Ghaut, we believe that the highest potential for plot ratio changes could come at the Paya Lebar and Serangoon stations, given that the area around the remaining interchange stations are already relatively built up,' DBS Vickers said.

http://www.businesstimes.com.sg/mnt/media/image/launched/2008-05-06/060508_krmaster6.jpg

URA
15-05-08, 23:32
Private Residential Units Sold in the Month of April 2008

Project Name .. Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Soleil @ Sinaran . CCR ....... 1 ............................... 1,683 ............. 1,683 ............ 1,683

Unregistered R59483
20-05-08, 01:37
Private Residential Units Sold in the Month of April 2008

Project Name .. Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Soleil @ Sinaran . CCR ....... 1 ............................... 1,683 ............. 1,683 ............ 1,683


Price is high. It is near hospital. Eek.. Some say they dont like to be so near to the hosptial. The air is no good, they said. They imagine Sars tentage outside of the hospital whe nthey look out o the window. The hospital mortuary is also there.

wake
20-05-08, 01:46
I dont think this one will be priced at $1700. Developers will give carefull consideration when they come to pricing. Yes they can sell it at $1700 but only 20% will be sold.

Once price have been set they cannot change their mind and say : ok lets lower by $300. This will disappoint the 1st 20% buyers and decrease the developers image. THIS IS DANGEROUS. Once people dont trust the developers, they hard to make a living next time.

At $1700 people can add $100-200 and get the Subsale condos like Trillium, cosmo, Newton one, visioncrest, Rivergate, Tribeca, watermark, urbana, and these condos are freehold and located very near to orchard.

Wiser price will be $1300-$1500. earn lesser but sell amolst all units. Dont forget their break even price is approx only at $750. Multiply by 2 will be fair at $1400.


Hmmm. the price is not sustainable.. This was becos the location next to the hospital. Maybe you can see the annex building of the hospital mortuary. Price may have to trim more.

value
20-05-08, 09:50
Hmmm. the price is not sustainable.. This was becos the location next to the hospital. Maybe you can see the annex building of the hospital mortuary. Price may have to trim more.
IDIOT!! Novena is a medical hub in SEA. Moron like you never understand the value of Soleil.

Unregˇstered
20-05-08, 19:23
Hmmm. the price is not sustainable.. This was becos the location next to the hospital. Maybe you can see the annex building of the hospital mortuary. Price may have to trim more.

IDIOT!! Novena is a medical hub in SEA. Moron like you never understand the value of Soleil.
I don't think wake is a moron. He is just not aware of URA announcing details of the Novena Hub in the MasterPlan 2008 this Friday. Once the Novena Hub plan is out, wake will see his Novena property appreciate even more.

URA
09-06-08, 12:40
Private Residential Property Transactions with Caveats Lodged

Project Name .. Price .......... Floor Area .. Price ........ Date Of Option
Soleil @ Sinaran . $2,898,360 . 1,722sqft ... $1,683psf . Apr 08
Soleil @ Sinaran .... $752,960 .... 495sqft ... $1,521psf . Apr 08
Soleil @ Sinaran .... $974,000 .... 581sqft ... $1,676psf . Mar 08
Soleil @ Sinaran . $1,460,160 .... 958sqft ... $1,524psf . Mar 08
Soleil @ Sinaran . $1,350,000 .... 958sqft ... $1,409psf . Mar 08
Soleil @ Sinaran . $2,166,720 . 1,464sqft ... $1,480psf . Mar 08

Unregˇstered
26-06-08, 13:53
Private Residential Property Transactions with Caveats Lodged

Project Name .. Price .......... Floor Area .. Price ........ Date Of Option
Soleil @ Sinaran . $2,898,360 . 1,722sqft ... $1,683psf . Apr 08
Soleil @ Sinaran .... $752,960 .... 495sqft ... $1,521psf . Apr 08
Soleil @ Sinaran .... $974,000 .... 581sqft ... $1,676psf . Mar 08
Soleil @ Sinaran . $1,460,160 .... 958sqft ... $1,524psf . Mar 08
Soleil @ Sinaran . $1,350,000 .... 958sqft ... $1,409psf . Mar 08
Soleil @ Sinaran . $2,166,720 . 1,464sqft ... $1,480psf . Mar 08
It's quite good leh.

Singapore
26-06-08, 14:40
NO SIGN OF THE SPECULATORS.....THEY ARE FINISHED!!! MAD RUSH AT THE EXITS....OTHERS PLEASE AVOID THE EXITS....SPECULATORS FLEEING...WATCH OUT FOR YOUR OWN SAFETY.

Let me ask you a question? How many high-end ppty can you buy if prices really drop by 40%? At most, I believe you can only afford to buy one. But, do you know what will be the impact if ppty prices really drop by that much? Surely, many local developers, contractors, financial institutions, etc, will lose big or probably some may be made bankrupt. What next? Companies close down, ppl lose their jobs and Singapore economy will be badly hurt.

Having said that who would you think will benefit most from such situation? It won't be you, but the billion dollars foreign funds, especially those who are currently backed by the natural rich countries. These foreign funds are prepared to attack our ppty market soon. Maybe you will ask, why don't they attack it now? Because, they want to wait for you to help them building up a strong negative sentiment and pulling down the market, so they can buy at huge bargain prices.

Guess what? Eventually, years down the road, these assets will have to be bought back by my children and your grandchildren at prices that probably many folds from now. Is this a wise thing to do?

Come on, bro! Ppty prices know no limit, to be honest. By saying it's too high is a speculative statement, at best.

Let's change your mindset. We can share our value with the world, but not to sell our pride to others. We want to be cost effective economy, not a low cost factory. We are proud when nations come to us for a quality, sophisticated and high value society, not because we are cheap.

We are the first world nation, not a third world country. Majulah Singapura.

jaded
26-06-08, 15:07
Let me ask you a question? How many high-end ppty can you buy if prices really drop by 40%? At most, I believe you can only afford to buy one. But, do you know what will be the impact if ppty prices really drop by that much? Surely, many local developers, contractors, financial institutions, etc, will lose big or probably some may be made bankrupt. What next? Companies close down, ppl lose their jobs and Singapore economy will be badly hurt.

Having said that who would you think will benefit most from such situation? It won't be you, but the billion dollars foreign funds, especially those who are currently backed by the natural rich countries. These foreign funds are prepared to attack our ppty market soon. Maybe you will ask, why don't they attack it now? Because, they want to wait for you to help them building up a strong negative sentiment and pulling down the market, so they can buy at huge bargain prices.

Guess what? Eventually, years down the road, these assets will have to be bought back by my children and your grandchildren at prices that probably many folds from now. Is this a wise thing to do?

Come on, bro! Ppty prices know no limit, to be honest. By saying it's too high is a speculative statement, at best.

Let's change your mindset. We can share our value with the world, but not to sell our pride to others. We want to be cost effective economy, not a low cost factory. We are proud when nations come to us for a quality, sophisticated and high value society, not because we are cheap.

We are the first world nation, not a third world country. Majulah Singapura.


What to say ?
WELL said brother.
Strong SIngapore spirit .

Unregˇstered
27-06-08, 00:12
What to say ?
WELL said brother.
Strong SIngapore spirit .
I think listen to Mr Li is better.

http://www.todayonline.com/articles/261453.asp

Wednesday, June 25, 2008

Cheung Kong Holdings keen on Singapore


MR LI Ka Shing’s Cheung Kong Holdings, Asia’s second-largest developer by market value, said it is keen to invest in Hong Kong, China and Singapore as the region’s property market is undergoes a “small consolidation”.

Prime offices and industrial parks offer investment opportunities because of economic “fundamentals” in the region, Cheung Kong’s Executive Director Justin Chiu said at a property conference in Singapore yesterday. He said he doesn’t expect “significant” price declines in the next 18 months.

Added Mr Chiu: “We’re just at the low tide of the economic cycle. When we clear the sub-prime issues, :I’m fairly confident Asia will come back.”

Property developers are seeking more investments to meet rising demand in China and India, the two fastest-growing major economies in the world. China’s economy is forecast by the World Bank to expand by 9.8 per cent this year, even though gains in home prices slowed.

“Across all three markets in the world — America, Europe and Asia — the best prospects, in my view, are for Asia right now,” said Mr Sameer Nayar, head of real estate finance at Credit Suisse. “It is just because you are talking about half the world’s population and most of the world’s :growth in gross domestic product is coming from Asia.”

Mr Chiu said that residential developments may be riskier because they are more dependent on the domestic economy. Home prices in Singapore are easing after rising to record highs last year as a global credit squeeze damped demand, while Hong Kong’s home sales fell for a second month as prices cooled.

Sales by value of residential units in Hong Kong slumped 31.1 per cent in May from a year earlier to HK$26.3 billion($4.6 billion), the biggest drop in 19 months, after falling 30.1 per cent in April.

China’s home prices rose 9.2 per cent in May, the slowest gain since September 2007. New home prices increased 10.2 per cent last month from a year earlier. — Bloomberg

URA
15-07-08, 12:47
Private Residential Units Sold in the Month of June 2008

Project Name .. Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Soleil @ Sinaran . CCR ....... 1 ............................... 1,675 ............. 1,675 ............ 1,675

Kandinsky
24-07-08, 00:59
Novena condos are overly priced, especially being a hospital town. in feng shui terms, who the hell wants to live within close proximity to hospitals? i will get beacon heights in boon keng over any darn project in novena. moreover beacon heights at st michael is an undervalued area with a lot of potential (being very near town). if you are looking for good underrated areas in singapore, boon keng and st michael area is one of them.

reg
24-07-08, 01:27
Novena condos are overly priced, especially being a hospital town. in feng shui terms, who the hell wants to live within close proximity to hospitals? i will get beacon heights in boon keng over any darn project in novena. moreover beacon heights at st michael is an undervalued area with a lot of potential (being very near town). if you are looking for good underrated areas in singapore, boon keng and st michael area is one of them.

Wow, really? St Michael's vs Novena?

Novena is a D11 location, 3 shopping malls at doorstep, 5 mins either by MRT or car to Orchard, no HDBs, good eateries and amenities nearby, and you prefer St Michael's? Well done and wise choice. Better snap up a few units at St Michael's quickly then! Go quick, before everyone else realises how undervalued they are! Quickly now! :)

Unregˇstered
24-07-08, 10:15
Novena condos are overly priced, especially being a hospital town. in feng shui terms, who the hell wants to live within close proximity to hospitals? i will get beacon heights in boon keng over any darn project in novena. moreover beacon heights at st michael is an undervalued area with a lot of potential (being very near town). if you are looking for good underrated areas in singapore, boon keng and st michael area is one of them.

Wow, really? St Michael's vs Novena?

Novena is a D11 location, 3 shopping malls at doorstep, 5 mins either by MRT or car to Orchard, no HDBs, good eateries and amenities nearby, and you prefer St Michael's? Well done and wise choice. Better snap up a few units at St Michael's quickly then! Go quick, before everyone else realises how undervalued they are! Quickly now! :)
In fact, you should also avoid Orchard and D9, and buy more St Micheal.

Is there anything that is cheaper than St Michael? If there is, let me know. I will avoid St Michael and buy more of the cheaper one. The objective here is to buy the cheapest condo or apartment.

Who cares about D9, D10 or D11? So what if the St Michael or the cheaper one is a shˇt? We are shˇts anyway. Why bother to stay in D9, D10 or D11? People will still view us as shˇts. Might as well get more value out of our purchase.

Curious
24-07-08, 10:21
Private Residential Units Sold in the Month of June 2008

Project Name .. Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Soleil @ Sinaran . CCR ....... 1 ............................... 1,675 ............. 1,675 ............ 1,675
What type is this?

kandinsky
24-07-08, 12:12
St Michael is near Boon Keng MRT and it takes a mere 5 min to get to Dhoby Ghaut by MRT. If you drive, it takes 5 min if traffic is good. woodsville interchange will be up before TOP of Beacon Heights and the govt didnt spend $130mil for nothing. If you study the map of singapore carefully, boon keng area is accessible to the north south east and west of singapore anytime more efficiently than novena. Woodsville interchange makes it even more efficient. Boon Keng and Toa Payoh area are the true central locations on the singapore map, not orchard. you can praise novena area to high heaven just because of the district number, but dont you know that novena is marked as a medical hub of singapore more than a shopping district or a district of entertainment? if feng shui is crap to you, then probably you might want to consider living in vutton with the edge of the hospital building cutting right thru the development (meaning curse in sickness and in death). My relatives and father has visited novena umptine times, but never to shop there, except to visit the hospital. Go ahead and pay those precious thousands of dollars in psf for a condo in a hospital hub. Maybe it will take u lesser travelling time to the hospital when u want to be the first in the queue to see a specialist there...


Wow, really? St Michael's vs Novena?

Novena is a D11 location, 3 shopping malls at doorstep, 5 mins either by MRT or car to Orchard, no HDBs, good eateries and amenities nearby, and you prefer St Michael's? Well done and wise choice. Better snap up a few units at St Michael's quickly then! Go quick, before everyone else realises how undervalued they are! Quickly now! :)

Give BH A Miss
24-07-08, 12:23
St Michael is near Boon Keng MRT and it takes a mere 5 min to get to Dhoby Ghaut by MRT. If you drive, it takes 5 min if traffic is good. woodsville interchange will be up before TOP of Beacon Heights and the govt didnt spend $130mil for nothing. If you study the map of singapore carefully, boon keng area is accessible to the north south east and west of singapore anytime more efficiently than novena. Woodsville interchange makes it even more efficient. Boon Keng and Toa Payoh area are the true central locations on the singapore map, not orchard. you can praise novena area to high heaven just because of the district number, but dont you know that novena is marked as a medical hub of singapore more than a shopping district or a district of entertainment? if feng shui is crap to you, then probably you might want to consider living in vutton with the edge of the hospital building cutting right thru the development (meaning curse in sickness and in death). My relatives and father has visited novena umptine times, but never to shop there, except to visit the hospital. Go ahead and pay those precious thousands of dollars in psf for a condo in a hospital hub. Maybe it will take u lesser travelling time to the hospital when u want to be the first in the queue to see a specialist there...
With scum like kandinsky, who cursed others to die, staying in BH. Better give BH a miss.

If Boon Keng and Toa Payoh are the centres of Singapore, many would be rushing to stay in the areas. Why are they not doing it? Something is wrong! Better stay clear of BH.

So many others following me in avoiding BH. That's good!

Unregˇstered
24-07-08, 12:26
St Michael is near Boon Keng MRT and it takes a mere 5 min to get to Dhoby Ghaut by MRT. If you drive, it takes 5 min if traffic is good. woodsville interchange will be up before TOP of Beacon Heights and the govt didnt spend $130mil for nothing. If you study the map of singapore carefully, boon keng area is accessible to the north south east and west of singapore anytime more efficiently than novena. Woodsville interchange makes it even more efficient. Boon Keng and Toa Payoh area are the true central locations on the singapore map, not orchard. you can praise novena area to high heaven just because of the district number, but dont you know that novena is marked as a medical hub of singapore more than a shopping district or a district of entertainment? if feng shui is crap to you, then probably you might want to consider living in vutton with the edge of the hospital building cutting right thru the development (meaning curse in sickness and in death). My relatives and father has visited novena umptine times, but never to shop there, except to visit the hospital. Go ahead and pay those precious thousands of dollars in psf for a condo in a hospital hub. Maybe it will take u lesser travelling time to the hospital when u want to be the first in the queue to see a specialist there...

With scum like kandinsky, who cursed others to die, staying in BH. Better give BH a miss.

If Boon Keng and Toa Payoh are the centres of Singapore, many would be rushing to stay in the areas. Why are they not doing it? Something is wrong! Better stay clear of BH.

So many others following me in avoiding BH. That's good!
Please be considerate and discuss Beacon H. in the Beacon H. thread. Thanks.

kandinsky
24-07-08, 12:54
Hi,

i am not cursing people to die and won't discuss beacon heights in this forum. You will be asking if toa payoh is central, why are there not many people flocking to stay there. The answer is very simple. There are not many condos in toa payoh but there soon will be. the govt has marked out a plot of land in lorong 2 i think for building of private property. If people are flocking to live into novena just because it is D11, then they have to accept the fact that they are living in a hospital hub. When I called up an agent about a condo last time, the first thing she told me was that novena would become a future up and coming medical hub. i queried her if she was really serious about having that as a selling point as to any sane chinese, that is really bad feng shui. it is like having a cemetary in d9 and living in a condo just beside the cemetary. ya, it is a good district number but who in the right frame of mind would want to live within close proximity to places that reeks of death and sickness. Of course everywhere in singapore has to have people inhabiting, but would recommend novena only to those who are old, cash rich and want to get to the hospital fast in the event of an emergency...

maybach
24-07-08, 13:38
The future Singapore is not going to be so many Chinese any more.

Look at who are majority living in these D9,10,11 districts including Novena: Ang moh, Indonesian, expat Indian, Middle Eastern. Look who are majority living in D15 Meyer Rd: expat Indian, and some ang moh. There are some local Chinese but a minority compared to all these foreigners.

Local Chinese are already a minority in Singapore's choiciest districts. And it is going to become even worse because Ah Tiong, Ah Kow, and Ah Ngiao don't stay in these areas, they prefer suburbs or Dakota/Geylang/Boon Keng/MarThorma. So get ready for that!

Hence, hospital or not doesn't matter because foreigners are not pantang about hospital, in fact they think it is convenient! Unlike the stupid Chinese!

Trust me, looking at the marketing and positioning of these Novena condos, they are definitely not targeted at local Chinese or foreign Chinese. I think even the developers do not give a fcuk about marketing to Chinese. There are many more Ang Mohs, Indonesians and Indians staying at Novena than Chinese!

stupid chinese
24-07-08, 13:39
You fcuking narrow minded Chinese can't afford to buy any condo here anyway, so fcuk off back to your Geylang/Dakota/Mar Thorma slums!

Proud to be Singaporean
25-07-08, 00:29
If people are flocking to live in novena just because it is D11, then they have to accept the fact that they are living in a hospital hub. When I called up an agent about a condo last time, the first thing she told me was that novena would become a future up and coming medical hub. i queried her if she was really serious about having that as a selling point as to any sane chinese, that is really bad feng shui. it is like having a cemetary in d9 and living in a condo just beside the cemetary. ya, it is a good district number but who in the right frame of mind would want to live within close proximity to places that reeks of death and sickness (unless an Ah Seow or has the name Boh Kia Si). Of course everywhere in singapore has to have people inhabiting, but would recommend novena only to those who are old, cash rich and want to get to the hospital fast in the event of an emergency. Good district or not, Novena is now synonymous to "Hospital Hub" and it is indeed for the rich who can't wait to spend their millions on hospital bills and getting to the hospital faster than anyone else...


You fcuking narrow minded Chinese can't afford to buy any condo here anyway, so fcuk off back to your Geylang/Dakota/Mar Thorma slums!

Unregistered222
25-07-08, 11:53
I think it is very naive to believe in Feng shui

Remember the last WC? 4 FSM were interviewed for their picks of WC champion..Only one smart FSM says the ball is round.

Only those weak minded fellows have to rely on fengshui ..simply becoz they r lack of confidence and self esteem...

Many ppl go n change their names etc...but in the end..their life still sux...WAT A JOKE!

still proud to be sinkie?
25-07-08, 12:06
Temasek
Selling Merrill Lynch
Half or total of 87m shares have been sold off at a loss, according to US recorded filings. By Seah Chiang Nee
Jul 24, 2008

Temasek Holdings has sold off half its ill-timed investment in Merrill Lynch - or about 87m shares, according to a mutual funds report on institutional trades on US stocks.

The online report, MFFAIRS (Mutual Fund Facts About Individual Stocks), reported it sold off 86,949,594 shares (50%), leaving a current holdings of 86,949,594 shares (50%), according to the filings made public.

The report gave no exact date or price of the sale.

Neither has there been any confirmation from Temasek, which had paid US$48 a share last year. http://www.mffais.com/newsarticles/2008-07-22/2473637-211738.html

Last week Merrill Lynch was traded at $31.

At that price Temasek would have suffered a loss of $17 a share - or a total loss of about US$1.48b for the 87mil shares.

Despite massive write-downs and capital injection, Merrill Lynch's outlook remains uncertain, reports Bloomberg.

The company's equity capital position is weak relative to competitors, said Brad Hintz, a New York-based analyst at Sanford C Bernstein, reports Ambereen Choudhury.

"With $19.9b in CDOs still frozen on the balance sheet and with counterparty risk rising on the hedges underlying these troubled positions, the potential for additional material write-downs remains a concern,” Hintz said.

The New York-based firm's credit rating was cut last week by Moody's Investors Service to A2 from A1.

The third-biggest US securities firm probably will report a loss of $6.57 a share this year, compared with an earlier forecast of $1.07, Hintz said.

The revised estimate assumes the company generates no earnings in the second half.

Merrill may have to take an additional $10 billion of pre-tax write-downs related to its holdings of mortgage securities, Moody's estimates.

Huge paper losses

The disposal leaves Temasek Holdings and the Government Investment Corporation (GIC) still holding substantial parts of big troubled Western banks.

Its remaining investments in UBS (Switzerland), Citigroup, Barclays and Merrill Lynch - at an original cost of US$21.88b - have declined on by some 47 percent in value.

That is a paper loss of US$10.28b. However, Minister Mentor Lee Kuan Yew had said these investments were made as a long-term strategy of 30 years.

But as the Merrill Lynch sale shows, Temasek is not inflexible about cutting losses, if things threaten to get worse.

The political leadership has defended its investment of these sub-prime banks as “an opportunistic” foray that can happen once in a long while.

It believes these companies will survive the crisis and emerge stronger.

Some experts believe that Temasek has made an error of judgment.

Investment guru Jim Rogers said in July he believed that US bank stocks could fall further and predicted that Singapore's state investors would lose money on Citigroup and Merrill Lynch.

"I'm shorting investment banks on Wall Street," the successful investor said. "It grieves me to see what Singapore is doing. They are going to lose money."

At the Nomura Dialogue recently, Minister Mentor Lee Kuan Yew reported to investment mistakes, but that no one had benefited from it.

Singaporeans who want to see greater transparency in the government’s investments in troubled companies are unhappy with this vague answer to a serious problem.

One writer said, “Should we just move on? I do not think so. The patently huge mistake is not merely the result of recklessness but rather a systemic lack of accountability in making some of our largest investments.

“Let it be clear, the harm is terminally done. The entire reserves system must be re-examined and audited.”

Said slohand, "I saw the interview on TV last night and felt shortchanged.

"He brushed aside the issues with the logic that since the officers who made the decisions were not the beneficiaries in any sense of the word, such lapses are mistakes and are therefore acceptable...

"..The size indicates that it can only come from the very top."

The skies are dark but the storm has not broke yet.
By Seah Chiang Nee



If people are flocking to live in novena just because it is D11, then they have to accept the fact that they are living in a hospital hub. When I called up an agent about a condo last time, the first thing she told me was that novena would become a future up and coming medical hub. i queried her if she was really serious about having that as a selling point as to any sane chinese, that is really bad feng shui. it is like having a cemetary in d9 and living in a condo just beside the cemetary. ya, it is a good district number but who in the right frame of mind would want to live within close proximity to places that reeks of death and sickness (unless an Ah Seow or has the name Boh Kia Si). Of course everywhere in singapore has to have people inhabiting, but would recommend novena only to those who are old, cash rich and want to get to the hospital fast in the event of an emergency. Good district or not, Novena is now synonymous to "Hospital Hub" and it is indeed for the rich who can't wait to spend their millions on hospital bills and getting to the hospital faster than anyone else...

Unregistered888
25-07-08, 14:12
Fengshui is an impt consideration for buying properties to the chinese, believe it or not. even american companies get their expensive offices structured to meet with feng shui and thousands of millionaires in this world have their houses examined by feng shui masters, whether they believe it or not. People tend not to risk not believing in something and they usually prefer to play safe, not relying on feng shui as what u mentioned. If feng shui is crap to you, u might want to consider buying a landed property beside a cemetary which is peaceful and quiet for your living. the psf will be gauranteed low.


I think it is very naive to believe in Feng shui

Remember the last WC? 4 FSM were interviewed for their picks of WC champion..Only one smart FSM says the ball is round.

Only those weak minded fellows have to rely on fengshui ..simply becoz they r lack of confidence and self esteem...

Many ppl go n change their names etc...but in the end..their life still sux...WAT A JOKE!

Unregisterd
25-07-08, 16:48
Private Residential Units Sold in the Month of June 2008

Project Name .. Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Soleil @ Sinaran . CCR ....... 1 ............................... 1,675 ............. 1,675 ............ 1,675

ONE TRANSACTION IN JUNE? WHERE ARE ALL THE BUYERS? FLEEING SPECULATORS ARE GETTING NO ONE TO BUY.

Unregistered000
25-07-08, 23:41
Soleil is 99 years and frnakly at 1.6k psf, it is not worth it. Novena is also hospital town, who in the sane mind would pay 1.6k psf for a condo in a hospital town...


ONE TRANSACTION IN JUNE? WHERE ARE ALL THE BUYERS? FLEEING SPECULATORS ARE GETTING NO ONE TO BUY.

Unregˇstered
28-07-08, 12:20
Temasek
Selling Merrill Lynch
Half or total of 87m shares have been sold off at a loss, according to US recorded filings. By Seah Chiang Nee
Jul 24, 2008

Temasek Holdings has sold off half its ill-timed investment in Merrill Lynch - or about 87m shares, according to a mutual funds report on institutional trades on US stocks.

....................

The skies are dark but the storm has not broke yet.
By Seah Chiang Nee

Please do not spread rumours here. Anything you mentioned is totally factless and wrong.

Please check your facts before you post.

Unregˇstered
28-07-08, 12:24
ONE TRANSACTION IN JUNE? WHERE ARE ALL THE BUYERS? FLEEING SPECULATORS ARE GETTING NO ONE TO BUY.
Choice units all sold. How to get buyers for the remaining units?

Not pantang
15-08-08, 11:44
You sure? The area is a hospital HUB - Tan Tock Seng, Renci Hospital, Communicable Disease Centre, Raffles Hospital, Novena Hospital, National Skin Center, John Hopkins, Nerological Institues, medical suites for the terminally ill and still counting. It is not about being pantang. Most hospitals are under construction. Hospitals are associated with illness, death, sadness and grieve. Nobody steps into a hospital unless he's feeling unwell. With the highest concerntration of hospitals in the near future, this area undoubtedly will have the highest per capita death rate - I'm not surprised if people die and grieve on a daily basis here. It's about looking around you and surrounded by illness and unhappy people, it's about going to the foodcourt and wondering if the person beside u just came from the disease center. If you're buying for investment, then nevermind, because some "regulars" at the hospitals may prefer to rent in the area, for for own stay, there're better places.


I think the modern Chinese are not as pantang to not live next to hospital.

Plus it is not a full govt hospital, it has johns hopkins (dunno whether still there?), novena medical suites, singapore's top neurology department, etc. So it is more "high class" lah, ha ha...

smart man
22-08-08, 13:38
You want to know who is modern chinese??
Read below.
Loser only become worse loser and this world is no space for loser.


Hsien Yang's in-laws buy F&N-developed condo
Cheow XinYi
Weekend Today
Saturday-Sunday, 26-27 January 2008

http://bp1.blogger.com/_YlvEjlIelzk/R5szvLgwj4I/AAAAAAAAIbA/4pouXuZ54Ws/s400/F%26N+Chairman,+Former+SingTel+CEO,+Mr+Lee+Hsien+Yang+7.jpg

Fraser and Neave (F&N) has sold a unit of its Soleil @ Sinaran residential development for $2.66 million to the relatives of its chairman Lee Hsien Yang.

Mrs Lim Chong Yah, who is Mr Lee's mother-in-law, and Ms Lin Xueling, his sister-in-law, bought the unit, located in the Novena area, during the public launch of the project, F&N said in a filing with the Singapore Exchange. The project is developed by Riverside Investments, a wholly-owned subsidiary of F&N's property arm Frasers Centrepoint. F&N said no discount was given to Mrs Lim and Ms Lin, who were "walk-in customers".

"The Audit Committee is satisfied that the number and terms of the sale are fair and reasonable, and the Audit Committee and Board are satisfied that the terms of the sale are not prejudicial to the interests of the company and its minority shareholders," said F&N in the statement.

Mr Lee joined the company as its non-executive chairman last October, replacing Dr Michael Fam. Its announcement that Mr Lee stood to earn an annual fee of $1 million a year as part of a consultancy agreement raised eyebrows at the time. But F&N has since said the consultancy agreement will be dissolved at the end of this month "with a view to simplifying matters". The $1 million will be paid as director's fees, subject to a shareholder vote.



You sure? The area is a hospital HUB - Tan Tock Seng, Renci Hospital, Communicable Disease Centre, Raffles Hospital, Novena Hospital, National Skin Center, John Hopkins, Nerological Institues, medical suites for the terminally ill and still counting. It is not about being pantang. Most hospitals are under construction. Hospitals are associated with illness, death, sadness and grieve. Nobody steps into a hospital unless he's feeling unwell. With the highest concerntration of hospitals in the near future, this area undoubtedly will have the highest per capita death rate - I'm not surprised if people die and grieve on a daily basis here. It's about looking around you and surrounded by illness and unhappy people, it's about going to the foodcourt and wondering if the person beside u just came from the disease center. If you're buying for investment, then nevermind, because some "regulars" at the hospitals may prefer to rent in the area, for for own stay, there're better places.

Seow!Seow!
22-08-08, 14:09
Paying 1.6 to 1.7k psf for Soliel, must be Seow with capital S. 99 yr and not even in D9 or 10. Those jokers who bought it at 1.6k psf are sadly to say, STUCK!!! Anyone reading this thread, don't be fooled and get stuck!


ONE TRANSACTION IN JUNE? WHERE ARE ALL THE BUYERS? FLEEING SPECULATORS ARE GETTING NO ONE TO BUY.

HAHAHA!!!
22-08-08, 14:13
LOL...LOL....prime district is designated as hospital hub...LOL...Goondus, go ahead and pay $1.7k psf or even $2k psf for a property in the hospital hub...LOL...anyway all these goondus will cause the condos in other areas to rise, so why not? LOL


You sure? The area is a hospital HUB - Tan Tock Seng, Renci Hospital, Communicable Disease Centre, Raffles Hospital, Novena Hospital, National Skin Center, John Hopkins, Nerological Institues, medical suites for the terminally ill and still counting. It is not about being pantang. Most hospitals are under construction. Hospitals are associated with illness, death, sadness and grieve. Nobody steps into a hospital unless he's feeling unwell. With the highest concerntration of hospitals in the near future, this area undoubtedly will have the highest per capita death rate - I'm not surprised if people die and grieve on a daily basis here. It's about looking around you and surrounded by illness and unhappy people, it's about going to the foodcourt and wondering if the person beside u just came from the disease center. If you're buying for investment, then nevermind, because some "regulars" at the hospitals may prefer to rent in the area, for for own stay, there're better places.

smart man
22-08-08, 14:41
Stupid people like you never understand what kind of world those PM Lee and his relatives are living.

Do you think their information about this area is same like your rubbish?

Loser!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



Lee Hsien Yang's in-laws buy unit in F&N-built condo
The Sunday Times
Sunday, 27 January 2008

http://i266.photobucket.com/albums/ii268/kcc0002/Soleil1.jpg
Mr Lee's Mother-in-law and sister-in-law paid $2.66 million, the prevailing price, for a unit in the Soilel @ Sinaran in Novena.

Fraser & Neave (F&N) chairman Lee Hsien Yang's in-laws have bought a unit in one of the company's condominium projects.

Mrs Lim Chong Yah, who is Mr Lee's mother-in-law, and his sister-in-law, Ms Lin Xueling, paid $2.66 million for an apartment in the 99-year leasehold Soleil @ Sinaran in Novena.

The 417-unit twin block project is being developed by Riverside Investments, a wholly-owned subsidiary of F&N's property arm, Frasers Centrepoint.

In a filing with the Singapore Exchange on Friday, F&N said Mr Lee's relatives were walk-in customers during the public sale.

According to the statement, no discount was given and the price was based on the prevailing approved price list at the time of sale.

"The audit committee is satisfied that the number and terms of the sale are fair and reasonable, and the audit committee and board are satisfied that the terms of the sale are not prejudicial to the interests of the company and its minority shareholders," said the company.



LOL...LOL....prime district is designated as hospital hub...LOL...Goondus, go ahead and pay $1.7k psf or even $2k psf for a property in the hospital hub...LOL...anyway all these goondus will cause the condos in other areas to rise, so why not? LOL

nicenice
22-08-08, 15:08
LOL...LOL....prime district is designated as hospital hub...LOL...Goondus, go ahead and pay $1.7k psf or even $2k psf for a property in the hospital hub...LOL...anyway all these goondus will cause the condos in other areas to rise, so why not? LOL

then why not let us know where are u staying currently

I hope it will be district 09....

cheers to the goondus
22-08-08, 22:21
no need to know where i stay lah. I strongly encourage u guys to pay as high as $3k psf for a property in D11. Even if they sell u $1.7k psf, tell sellers D11 too upmkt to be priced that low and u would pay $3k psf. We need people like u guys to flog the mkt back to life...lol
then why not let us know where are u staying currently

I hope it will be district 09....

Bolt
02-09-08, 21:52
I'm no fan of Novena area cos whenever i drive there, i get stressed..conjested..But this condo's selling point is doorstep MRT..hard to go wrong..

.adgjmptw
02-09-08, 23:36
i drive past novena and it reminds me of my grandmother's hospital appt
I'm no fan of Novena area cos whenever i drive there, i get stressed..conjested..But this condo's selling point is doorstep MRT..hard to go wrong..

relatives of lee
03-09-08, 16:13
mr lee's mthr in law bought soleil maybe 4 proximity to hospitals and medical facilities. That is probably her number 1 priority in buying soleil. Wat is 2 mil to them, they prob wouldnt mind payng even 3mil 4 a property worth only 1 mil or less so long as the unit is smackd in the middle of hospital hub.

J-Dog
13-10-08, 11:10
One must be mad to pay more then 1100 psf for Soleil , even Mt@Sophie by the plaza Singapore far more prestigious area can be bought at 1100-1200 psf and it's completed already .. Sometimes I do not understand how ppl driven by such a stupidity .. ?? I was there at the launch and heard that ppl stayed in the line throughout the night just to get in first and buy at S1,700 psf .. I guess it's something beyond understanding what we call "Wolf tribe instinct" when all buy we got to buy too.. what loosers they are , now they stuck with high price which they will never sell for ..

Unregˇstered
13-10-08, 13:21
One must be mad to pay more then 1100 psf for Soleil , even Mt@Sophie by the plaza Singapore far more prestigious area can be bought at 1100-1200 psf and it's completed already .. Sometimes I do not understand how ppl driven by such a stupidity .. ?? I was there at the launch and heard that ppl stayed in the line throughout the night just to get in first and buy at S1,700 psf .. I guess it's something beyond understanding what we call "Wolf tribe instinct" when all buy we got to buy too.. what loosers they are , now they stuck with high price which they will never sell for ..
I know what you are trying to say but you have used the wrong project to compare.
You shouldn't use that $1,100-1,200psf project at Mt Sophie to compare cos' that "lousy project" in D9 is cheaper than all projects in D9, D10, D11 and some D15.
It is cheap because it is lousy.

J-Dog
13-10-08, 18:47
Yes, I know it is lousy and craftmanship of interior sucks .. BUT !! it is greatest location , and delivers very healthy rental yeild 4.5% easy .. same 99 years leasehld, but location is definately better then Soleil .. I'd rather pay 1,000 for mt Sophie then even 1,200 for Soleil .. Time will be the judge but now you still have to wait paying interest versus Mt Sophie as a ready project at cheaper price given stable cash flow .. and Soleil gonna be totally blocked from every angle.. by That very last time before sudden stop in activities the developer just got too greedy raising the prices up to 1,700 and shockingly the punters fell for it .. This is what I call "No Brain" .. I should admit I would have bought there as well , but by that time for no more then 1,300 on higher floor

K-Cat
13-10-08, 23:28
Yes, I know it is lousy and craftmanship of interior sucks .. BUT !! it is greatest location , and delivers very healthy rental yeild 4.5% easy .. same 99 years leasehld, but location is definately better then Soleil .. I'd rather pay 1,000 for mt Sophie then even 1,200 for Soleil .. Time will be the judge but now you still have to wait paying interest versus Mt Sophie as a ready project at cheaper price given stable cash flow .. and Soleil gonna be totally blocked from every angle.. by That very last time before sudden stop in activities the developer just got too greedy raising the prices up to 1,700 and shockingly the punters fell for it .. This is what I call "No Brain" .. I should admit I would have bought there as well , but by that time for no more then 1,300 on higher floor
You buying at $1,000psf?
Aiyah! Wasted!

I sold that Dakota Residences in D14 at $1,048 about a month ago.
Never mind! I will find you another DR unit.

police
13-10-08, 23:31
He changed his name to J-Dog!!!

Unregˇstered
13-10-08, 23:41
Yes, I know it is lousy and craftmanship of interior sucks .. BUT !! it is greatest location , and delivers very healthy rental yeild 4.5% easy .. same 99 years leasehld, but location is definately better then Soleil .. I'd rather pay 1,000 for mt Sophie then even 1,200 for Soleil .. Time will be the judge but now you still have to wait paying interest versus Mt Sophie as a ready project at cheaper price given stable cash flow .. and Soleil gonna be totally blocked from every angle.. by That very last time before sudden stop in activities the developer just got too greedy raising the prices up to 1,700 and shockingly the punters fell for it .. This is what I call "No Brain" .. I should admit I would have bought there as well , but by that time for no more then 1,300 on higher floor

You buying at $1,000psf?
Aiyah! Wasted!

I sold that Dakota Residences in D14 at $1,048 about a month ago.
Never mind! I will find you another DR unit.
DR in D14 is selling at $1,000psf.
J-Dog is buying Mt Sophie in D9 at $1,000psf.

Either J-Dog is mad or the market is mad.

A Liar
13-10-08, 23:48
DR in D14 is selling at $1,000psf.
J-Dog is buying Mt Sophie in D9 at $1,000psf.

Either J-Dog is mad or the market is mad.
J-Dog is just a Con Dog, trying to bullshit the forumers here. The example above is too obvious.

J-Dog
14-10-08, 00:13
Hey, I did not say I am buying , I said I would rather buy ! the latest transaction were around 1250-1300 but it will probably go down to 1000-1100 "Lease Hold" my friend , you do not own it ! You are just allowed to stay there temporarily , so you are renting in other words !!! Go to Australia or NZ no one would even touch lease hold properties , they are impossible to sell there .. but ppl here see no difference :spliff2: :spliff:

Maddog
14-10-08, 00:20
He changed his name to J-Dog!!!
.. and his is an Aussie run dog ..

J-Dog
14-10-08, 09:08
You can bark to the wind unlimitely , but the fact remains the same , Buying Soleil at $1700 psf I call "Stupido" it's real value is 1200 at the most .. :cheers1: :2cents:

soleil waste of time
14-10-08, 12:20
this project overly priced n goondus fell for it. 99y leasehd waste of time.
You can bark to the wind unlimitely , but the fact remains the same , Buying Soleil at $1700 psf I call "Stupido" it's real value is 1200 at the most .. :cheers1: :2cents:

Maddog
14-10-08, 15:32
You can bark to the wind unlimitely , but the fact remains the same , Buying Soleil at $1700 psf I call "Stupido" it's real value is 1200 at the most .. :cheers1: :2cents:
$1,200psf is your fact.

My fact is $120psf.

All these are facts.

Unregˇstered
15-10-08, 00:05
there isn't a set-in-stone progression in property prices that says district 9 properties MUST be more expensive than district 11 properties as there is considerable overlap in prices.

so your assertion that "even D11 prices are at such and such prices, so how can any D9 property at those same price be any worse" is fundamentally flawed.

many D11 properties in bukit timah are actually more expensive and desirable than an emily, sophia or mackenzie property in D9.

you have to stop thinking that D11 applies only tp novena and balestier area. those two are but only a small part of D11. the bulk of D11 is the low rise housing areas along and inside dunearn road. some of these are so prime that D9 emily and the rest pales in comparison. for example: barker and chancery area (ACS), trevose area (SCGS and opp. botanical gardens), shelford area (opp. nanyang pri and HCI) watten area (RGPS), and hillcrest area (opposite sixth ave, and has all landed housing, plus greenwood dining area).

the only thing no good about this big part of D11 is that there are relatively fewer condos.
Let me tell you something. This guy talks sense.

Unregˇstered
15-10-08, 16:38
.. and his is an Aussie run dog ..
Run Dog as in Traitor?

god.
15-10-08, 16:42
The world has been pretty bad lately and you feel that wherever you turn it is awful. Its like everyoneis sitting on a ledge not sure what to do or where to turn. It may be ships passing in the night, start laying the foundations for a better life. Only we ourselves can do something for OURSELVES and god will take care the rest.

Question
15-10-08, 17:00
The world has been pretty bad lately and you feel that wherever you turn it is awful. Its like everyoneis sitting on a ledge not sure what to do or where to turn. It may be ships passing in the night, start laying the foundations for a better life. Only we ourselves can do something for OURSELVES and god will take care the rest.
You sounded like Tony Tan. Are you ...?

Unregˇstered
16-10-08, 11:27
You buying at $1,000psf?
Aiyah! Wasted!

I sold that Dakota Residences in D14 at $1,048 about a month ago.
Never mind! I will find you another DR unit.
Ah Cat, you lousy lah!
People sell DR at $1,073psf leh. Yours only $1,048psf.
Must work harder mah!

Private Residential Units Sold in the Month of September 2008

Project Name ....... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Dakota Residences . RCR ........ 5 ............................... 1,073 ............. 983 .............. 947

Hey! $1,07x psf again? Not bad what!

Unregˇstered
16-10-08, 12:04
Ah Cat, you lousy lah!
People sell DR at $1,073psf leh. Yours only $1,048psf.
Must work harder mah!
Are you OK?
Do you know D11 is different from D14?
How can you sell them at the same price?
People in D7 are laughing at you with their $1,871psf.

Private Residential Units Sold in the Month of September 2008

Project Name ...... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Concourse Skyline . RCR ........ 68 ............................. 1,871 ............ 1,592 ............ 1,272

Wah lau erh!
Seow liao ah!
$1,871psf.

Unregisterd
16-10-08, 13:43
$1,200psf is your fact.

My fact is $120psf.

All these are facts.
Who is the crazy one paying 1700psf for 99LH?

What?
16-10-08, 14:49
$1,200psf is your fact.

My fact is $120psf.

All these are facts.

Who is the crazy one paying 1700psf for 99LH?

$1,871psf - not $1,700psf.

Dunno! Maybe your relatives or your friends? Maybe they like Concourse Skyline?


Are you OK?
Do you know D11 is different from D14?
How can you sell them at the same price?
People in D7 are laughing at you with their $1,871psf.

Private Residential Units Sold in the Month of September 2008

Project Name ...... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Concourse Skyline . RCR ........ 68 ............................. 1,871 ............ 1,592 ............ 1,272

Wah lau erh!
Seow liao ah!
$1,871psf.

Unregˇstered
16-10-08, 17:31
Who is the crazy one paying 1700psf for 99LH?
Quite a number of people staying in D15 do so. Silversea, the latest 99LH launch in D15, hits $1,780psf.

D11 should never be lower than D15.

Private Residential Units Sold in the Month of September 2008

Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Silversea .......... RCR ........ 11 ............................. 1,780 ............. 1,400 ........... 1,307

Oh no! Look at this! $1,780psf!

J-Dog
16-10-08, 21:44
I do not understand then ?? Does not make any sence !! How could they pay such a higher price for D15 ? Are they jacking up the price to get finance ?

Unregˇstered
16-10-08, 22:44
I do not understand then ?? Does not make any sence !! How could they pay such a higher price for D15 ? Are they jacking up the price to get finance ?
No big deal lah! Lower than D7 $1,871psf.

J-Dog
17-10-08, 09:17
Ha-Ha, at this price they might be having promotion "Buy one Condo get one free " :spliff:

Regˇstered
17-10-08, 10:22
No big deal lah! Lower than D7 $1,871psf.
D7's $1,871psf can't match D15's $2,5xxpsf along Meyer Road lah.

Unregˇstered
17-10-08, 10:23
No big deal lah! Lower than D7 $1,871psf.

D7's $1,871psf can't match D15's $2,5xxpsf along Meyer Road lah.
But the point is D11 in general should be higher than D15.

Unregˇstered
17-10-08, 16:29
D7's $1,871psf can't match D15's $2,5xxpsf along Meyer Road lah.
D15 record is $2,5xxpsf?
Wrong lah!

D15 record is $2,902psf, set by Aalto this year.

5608 sqft, 2902psf, $16,275,000 Aalto

Unregˇstered
18-10-08, 00:03
DR in D14 is selling at $1,000psf.
J-Dog is buying Mt Sophie in D9 at $1,000psf.

Either J-Dog is mad or the market is mad.
Don't be mad and get confused.
We should compare D11 with D4.


Private Residential Units Sold in the Month of September 2008

Project Name ................ Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Reflections @ Keppel Bay . RCR ........ 8 ............................... 2,367 ............. 2,086 ........... 1,695

Wow! $2,367psf!

What?
20-10-08, 11:15
D15 record is $2,5xxpsf?
Wrong lah!

D15 record is $2,902psf, set by Aalto this year.
Wow! $2,902psf!!!

Regˇstered
20-10-08, 17:15
Wow! $2,902psf!!!
This is for that penthouse. Not counted!

Unregˇstered
21-10-08, 11:48
This is for that penthouse. Not counted!
Then count the next highest $2,5xxpsf lor!

What?
21-10-08, 12:13
Then count the next highest $2,5xxpsf lor!
Crap! Crap! Crap!

Knight Frank.
21-10-08, 14:41
Special preview this weekend of the new Himiko Court. Pls contact Knight Frank!

What?
21-10-08, 15:03
Special preview this weekend of the new Himiko Court. Pls contact Knight Frank!
Err ..... wrong thread leh!

Regˇstered
21-10-08, 15:06
Special preview this weekend of the new Himiko Court. Pls contact Knight Frank!
Don't be lazy! Go start another thread lah.

Unregˇstered
21-10-08, 15:33
Special preview this weekend of the new Himiko Court. Pls contact Knight Frank!
A description please!

Unregˇstered
13-11-08, 12:48
D15 record is $2,5xxpsf?
Wrong lah!

D15 record is $2,902psf, set by Aalto this year.
Wah!
So expensive!

I rather buy Jurong one at $1,000psf.
One-third the price!


To all condo owners in Jurong West,


Congrats to all of us. The $1000 psf price has come to town!


Saw this advert on the new development at Lakeside by Frasers Centrepoint.

http://www.propertyguru.com.sg/listi...de-new-project

Regˇstered
13-11-08, 13:13
Wah!
So expensive!

I rather buy Jurong one at $1,000psf.
One-third the price!
Err ... your link malfunctioned leh.

Here is the correct link:
http://www.propertyguru.com.sg/listing/254296/for-sale-lakeside-new-project

moonk123
19-11-08, 10:12
Project Name-SOLEIL @ SINARAN
Developer-Riverside Investments Pte Ltd(Frasers Centrepoint Homes)
Property Type-Condominium
Tenure - 99 Yrs From 23/10/2006
Total Units - 417
Completion Date - Est 30 Sep 2012
District - 11

1 bedroom / Studio (495 - 581sf)
2 bedroom (936 - 1098sf)
Loft Units (1432 - 1464sf)
3 bedroom (1453 - 1485sf)
4 bedroom (1722 - 0sf)
Penthouse (4715 - 4930sf)

source from:


http://www.virtualhomes.sg/soleil@sinaran

flxcat
27-06-09, 01:26
Need some advise, this condo is a 99LH amount many many FH around District 11. Any advise if it is worth looking at and at what kind of price for high floor above Novena SQ and hotel next to it. Thanks.

isaaclim
27-06-09, 23:26
Need some advise, this condo is a 99LH amount many many FH around District 11. Any advise if it is worth looking at and at what kind of price for high floor above Novena SQ and hotel next to it. Thanks.

For own stay - Delete it from your consideration list.
For investment - Grab it for any price below launching price. Sure win if you have holding power.

Regulators
27-06-09, 23:28
many who bought soleil are stuck coz they bought at ridiculously high px during the peak in 2007. U wont hope to get it cheap.
Need some advise, this condo is a 99LH amount many many FH around District 11. Any advise if it is worth looking at and at what kind of price for high floor above Novena SQ and hotel next to it. Thanks.

isaaclim
27-06-09, 23:43
Sure. Agree. Most of the flipper should have being killed by now.

trump7
27-06-09, 23:44
Need some advise, this condo is a 99LH amount many many FH around District 11. Any advise if it is worth looking at and at what kind of price for high floor above Novena SQ and hotel next to it. Thanks.
IMO, there will be no other new development like Soleil within Novena in terms of height(36 stories) and land size, that means it can be one of landmark in Novena area, and it is one of good point already.

Although it is 99LH, but it does have good points, especially its location and scale, comparing to other FH condos there.
BTW, how many story-building is this hotel next to Soeil?

Regulators
28-06-09, 00:13
i think many wud rather pay 1700psf for the sail than a 36 storey cndo in a hospital town
IMO, there will be no other new development like Soleil within Novena in terms of height(36 stories) and land size, that means it can be one of landmark in Novena area, and it is one of good point already.

Although it is 99LH, but it does have good points, especially its location and scale, comparing to other FH condos there.
BTW, how many story-building is this hotel next to Soeil?

flxcat
28-06-09, 12:33
i think many wud rather pay 1700psf for the sail than a 36 storey cndo in a hospital town
Thanks for all ur inputs. At 1700 is too high for tis area as there r much better projects asking lower around 1300+ EH like RG or sail LH in a much desired location. Will give tis project a missed.

ginseng1
21-08-09, 16:59
Hmm...so many negative comments.

Reminds me of Toa Payoh HDB The Peak.

Everyone said price too high and they will give it a miss. Yet all 4 rooms were sold out by the 5th day. Read everything with a pinch of salt. Everyone has his own agenda for the posts made.

isaaclim
21-08-09, 21:30
i think many wud rather pay 1700psf for the sail than a 36 storey cndo in a hospital town

Many people is hoping The Sail to go back 3kpsf again. So why can't Soleil go above 2kpsf. :spliff:

dunatos
21-08-09, 21:42
Many people is hoping The Sail to go back 3kpsf again. So why can't Soleil go above 2kpsf. :spliff:

If Soleli go up, will the other developments in the area go up as well?

flxcat
24-08-09, 23:34
Many people is hoping The Sail to go back 3kpsf again. So why can't Soleil go above 2kpsf. :spliff:

Soleil and the Sail different IMO.

Sail is where the action are and future downtown area in the making, hitting $3K psf is possible esp the Bay facing units. Alternative condo to Sail is limited to MBR only.

Soleil tho also near MRT, but cannot hold a candle to Sail in terms of location and future potential and also its price is constantly pressed down by all the nearby condo/apt which are normally FH. Many FH condo around Newton is also selling at 1.2k-1.5k psf, which is very close to the high price owner of Soliel paid during the peak 2007. So to sell at $2k is a far fetching at this juncture.

To pay $2k and above for Soliel, I will shoot for Reflections at Keppel Bay with much better potential.

proud owner
24-08-09, 23:45
Soleil and the Sail different IMO.

Sail is where the action are and future downtown area in the making, hitting $3K psf is possible esp the Bay facing units. Alternative condo to Sail is limited to MBR only.

Soleil tho also near MRT, but cannot hold a candle to Sail in terms of location and future potential and also its price is constantly pressed down by all the nearby condo/apt which are normally FH. Many FH condo around Newton is also selling at 1.2k-1.5k psf, which is very close to the high price owner of Soliel paid during the peak 2007. So to sell at $2k is a far fetching at this juncture.

To pay $2k and above for Soliel, I will shoot for Reflections at Keppel Bay with much better potential.


hahah i am surprised issac actually compared Sail to Soilel

just becos the both start with an Ass ?

then i can also ask why cant Sembawang be same as Sails ... got shopping centre ...near MRT ... good malay food ..

august
24-08-09, 23:57
Sail is part of marina bay, a NEW location where its full potential is yet to be realised, so upside many many ~

Soleil is part of an established location that is more or less fully developed.. its upside has been seen back during peak 07 or 08.. to hit a new high will be tough

proud owner
25-08-09, 00:16
Sail is part of marina bay, a NEW location where its full potential is yet to be realised, so upside many many ~

Soleil is part of an established location that is more or less fully developed.. its upside has been seen back during peak 07 or 08.. to hit a new high will be tough

punggol also new location ... so how ? got same potential ?

i doubt

august
25-08-09, 00:22
punggol also new location ... so how ? got same potential ?

i doubt

that one is OCR location leh

isaaclim
25-08-09, 07:28
I am not stating that Soleil will match with Sail. Sails hits 3.3k when it is about TOP or just TOP'ed. That is one of the best time to cash up a LH property. Once TOP'ed, it would depend on surrounding development or much later - enblock.

So, when Sail go back to 3.3kpsf. Soleil at 2kpsf will be consider relatively cheap liaw... Some more.. prime is still prime.

trump7
12-09-09, 14:06
it reminds me of 2 years back, 2007, when Soleil started its launching there had been hundreds of posts in this Forum site.(Sombody hacked this forum site, so all of posts were gone that time.)

At that time, so many nagetive people about Soleil and NOVENA AREA had critisized with "Hospital town" "Sars thing" "ghost town" etc, etc.
But now look at the newspaper ads, D11 section, you will surprisingly realized that codos in Newton side, even new lauching projects also put ads with "near Novena mrt, near to USQ, Velocity, near Future medical Hub" etc.
People`s perception of the novena has been changing rapidly than my expectation, guess convenience of Novena is getting favors for majorities and also one of reason is redevelopment of Orchard, and Novena is getting on the stretch of Orchard.

andy
12-09-09, 15:49
it reminds me of 2 years back, 2007, when Soleil started its launching there had been hundreds of posts in this Forum site.(Sombody hacked this forum site, so all of posts were gone that time.)

At that time, so many nagetive people about Soleil and NOVENA AREA had critisized with "Hospital town" "Sars thing" "ghost town" etc, etc.
But now look at the newspaper ads, D11 section, you will surprisingly realized that codos in Newton side, even new lauching projects also put ads with "near Novena mrt, near to USQ, Velocity, near Future medical Hub" etc.
People`s perception of the novena has been changing rapidly than my expectation, guess convenience of Novena is getting favors for majorities and also one of reason is redevelopment of Orchard, and Novena is getting on the stretch of Orchard.

Yes I've noticed that as well. Even Newton Road condos ads say Novena MRT. USQ & Velocity has done a great job with 2 cold storages, air conditioned eateries and kids stuff. USQ is also planning a new carpark lift.

Really I am kind of disappointed with the Newton MRT surrounding development. Just low rise offices and then the hawker center whose only headlines has been ripping off foreigners. There should have been a balance of work, home and play facilities.:doh:

Think soliel will be doing better than expected and sooner rather than later.;)

Teana
15-09-09, 22:42
My friends just came back form the developer private preview tonight.

They are selling those with west sun and facing highway units.

The crowd are about 200+ they need to ballot to get a unit.

Pricing for 2 bedrm are selling above $1K. :banghead: :banghead: :banghead:
The Interlace at West Coast has just started burning.


Not sure if Soleil at Novena can made a bigger flame.

proud owner
15-09-09, 22:47
The Interlace at West Coast has just started burning.


Not sure if Soleil at Novena can made a bigger flame.


you are sending the same message to so many threads ,,, whats your intention ?

Reporter
15-09-09, 22:54
you are sending the same message to so many threads ,,, whats your intention ?
Since you can misrepresent "3" threads as "many" threads, her/his intention must be the same as yours. So what is your intention?

proud owner
15-09-09, 22:57
Since you can misrepresent "3" threads as "many" threads, her/his intention must be the same as yours. So what is your intention?


my intention is to guide idiots who post same message in other threads ..

stay within each thread


and you must be agent like him/her as well


it is irritating ...if i want to read Soilei i read soilei


i dont need to read INTERLACE in soilei thread


thats my intention

proud owner
15-09-09, 22:58
Since you can misrepresent "3" threads as "many" threads, her/his intention must be the same as yours. So what is your intention?


more than 2 is many



go check with your english teacher Reporter .. ?? reporter in chinese paper ?

jlrx
15-09-09, 23:09
Actually I think this condo's name is very bad.

Firstly, everytime I have to check the spelling ... is it "Soleil" or "Soliel" or "Soilei" or "Soilel" or "Soiliel" or "Sioleil" or "Siolel"? :doh:

Secondly, how do you pronounce it, especially to a taxi driver? :doh:

Is it "Soh-Liao" as in Ah Soh has lost money?

or "Soh-Liew" as in Ah Soh has run away quietly?

or "Sor-Liao" as in Stupid guy is finished?

or "Sor-Liew" as in Stupid guy has run away quietly?

:banghead:

Reporter
15-09-09, 23:20
more than 2 is many



go check with your english teacher Reporter .. ?? reporter in chinese paper ?
There is nothing wrong being an agent. Many agents (e.g. 8), some agents (e.g. 5), a few agents (e.g. 2), ... doesn't matter.

Anyhow, if I am an agent, which is perfectly fine, you must be a sour-grape loser! Ha ha ha!

Now go get your yourself busy in making more money from the market. Shouting and finding fault with others doesn't help.



19th November 2008, LUMA
lol if 800 psf i rush in buy 2 units haha.. anw when the preview will be opened? this weekend?


19th November 2008, LUMA
Before you do, I would have already poured all my profits back into the market.

proud owner
15-09-09, 23:25
There is nothing wrong being an agent. Many agents (e.g. 8), some agents (e.g. 5), a few agents (e.g. 2), ... doesn't matter.

Anyhow, if I am an agent, which is perfectly fine, you must be a sour-grape loser! Ha ha ha!

Now go get your yourself busy in making more money from the market. Shouting and finding fault with others doesn't help.


the way he post the same message in unrelated thread is irritating ..

i didnt say if being an agent is wrong .. it was a simple question but you had to twist it

and it was my question to him and not to you but you had to put your foot in ...

and sour grapes ??? hahah go read all the thread from 2008 onwards and see if I need to be sour grapes


anyway not planning to waste time with you ... cos Teana whatever has wasted enuff of my time , making me read unrelated news

isaaclim
18-09-09, 02:05
Actually I think this condo's name is very bad.

Firstly, everytime I have to check the spelling ... is it "Soleil" or "Soliel" or "Soilei" or "Soilel" or "Soiliel" or "Sioleil" or "Siolel"? :doh:

Secondly, how do you pronounce it, especially to a taxi driver? :doh:

Is it "Soh-Liao" as in Ah Soh has lost money?

or "Soh-Liew" as in Ah Soh has run away quietly?

or "Sor-Liao" as in Stupid guy is finished?

or "Sor-Liew" as in Stupid guy has run away quietly?

:banghead:

It is Soleil @ Sinaran...

Don't need to show off your creativity. In fact, it make you look very dump.

proud owner
18-09-09, 02:11
It is Soleil @ Sinaran...

Don't need to show off your creativity. In fact, it make you look very dump.


hahaha

you are quite innovative yourself ...


how does one look ' quite dump' ??

isaaclim
18-09-09, 02:44
hahaha

you are quite innovative yourself ...


how does one look ' quite dump' ??

Too me, he is just bull shitting. So all mouth full of shit...

proud owner
18-09-09, 02:47
Too me, he is just bull shitting. So all mouth full of shit...


oh

you mean to say that he looked 'quite DUMB ' and not Dump ...

Reporter
19-09-09, 01:31
Private Residential Units Sold in the Month of August 2009

Project Name .. Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Soleil @ Sinaran . CCR ...... 1 ........................... 1,307 ........... 1,307 .......... 1,307
Buyers returning to Novena?

Reporter
19-09-09, 01:59
Private Residential Units Sold in the Month of August 2009

Project Name ....... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Centro Residences . OCR ....... 17 ......................... 1,289 ........... 1,231 ........... 1,134
CCR Soleil looks like a disgrace in front of OCR Centro.

isaaclim
19-09-09, 08:40
oh

you mean to say that he looked 'quite DUMB ' and not Dump ...

Dumb = Stupidity
Dump = Shit...

It is bad to call someone stupid. But it is a fact to state that he is bull shitting.

trump7
19-09-09, 23:52
Actually I think this condo's name is very bad.

Firstly, everytime I have to check the spelling ... is it "Soleil" or "Soliel" or "Soilei" or "Soilel" or "Soiliel" or "Sioleil" or "Siolel"?

Secondly, how do you pronounce it, especially to a taxi driver?

Is it "Soh-Liao" as in Ah Soh has lost money?

or "Soh-Liew" as in Ah Soh has run away quietly?

or "Sor-Liao" as in Stupid guy is finished?

or "Sor-Liew" as in Stupid guy has run away quietly?

:banghead:

"Soleil" is from French and the meaning is "Sun".
Correct pronunciation of "Soleil" is actually like [soleju:], but think most of people just pronounce it as it is, as [soleil], with English style.

I thought this name is quite good and meaningful, because I am always thinking Novena is sunny with full of sun-shine.

Different people show different reaction..maybe because of different grade of knowledge??

Bionic Leek
26-09-09, 17:36
"Soleil" is from French and the meaning is "Sun".
Correct pronunciation of "Soleil" is actually like [soleju:], but think most of people just pronounce it as it is, as [soleil], with English style.

I thought this name is quite good and meaningful, because I am always thinking Novena is sunny with full of sun-shine.

Different people show different reaction..maybe because of different grade of knowledge??

I love this post. Its such a succint way of saying that he thinks jlrx is an idiot. It is classic.

Now in response to my post, he'll probably write in to say that it wasn't his intention at all. Touche.

I think the name is definitely one of the better ones around and very fitting. Even the alliteration is pleasing. Just a shame about the tenure, else it'll really be a gem in this entire residential zone

Reporter
30-09-09, 09:37
"Soleil" is from French and the meaning is "Sun".
Correct pronunciation of "Soleil" is actually like [soleju:], but think most of people just pronounce it as it is, as [soleil], with English style.

I thought this name is quite good and meaningful, because I am always thinking Novena is sunny with full of sun-shine.

Different people show different reaction..maybe because of different grade of knowledge??
Soleil is a cool French name.
But I think both Wee Hur and Villas @Gilstead need French names too.
Maybe Novena MRT station also needs a French name?



http://www.channelnewsasia.com/stori...008137/1/.html (http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1008137/1/.html)

Wee Hur Holdings to buy 70% stake in Villas@Gilstead development

By Irene Chan, Channel NewsAsia | Posted: 29 September 2009 2112 hrs


SINGAPORE : Wee Hur Holdings said it plans to buy a 70 per cent stake in the Villas@Gilstead development for S$9 million.

It said the proposed acquisition is in line with its growth strategy to diversify into the property development business.

Villas@Gilstead is a residential property project at Gilstead Road, near Novena MRT station.

It is a strata housing development comprising 10 semi-detached houses, 6 terrace houses and 2 bungalows.

It is around 50 per cent sold and is expected to obtain Temporary Occupation Permit (TOP) in the third quarter of 2011. - CNA /ls

hk2313
12-10-09, 10:16
am looking at both

Soleil 2 BR or 2 +1 subsale market around 1280 - 1320 psf , LH, units below 20 F

Viva 2 BR or 2 +1 s subsale around 1600-1670 below 20 F, last units from developer (high floors) 1760 - 1800 psf approx, FH

Not sure which one to give the preference. Access to Novena MRT seems shorter from Soleil. Any opinions ?

Reporter
12-10-09, 10:58
am looking at both

Soleil 2 BR or 2 +1 subsale market around 1280 - 1320 psf , LH, units below 20 F

Viva 2 BR or 2 +1 s subsale around 1600-1670 below 20 F, last units from developer (high floors) 1760 - 1800 psf approx, FH

Not sure which one to give the preference. Access to Novena MRT seems shorter from Soleil. Any opinions ?
Both are near to Novena MRT station. However, if you want to be very very near then Soleil is the nearer one as it is about 5 metres away.

Next-to-MRT Soleil in CCR selling at Ang Mo Kio ($1,289 psf), Toa Payoh ($1,222 psf) and Serangoon ($1,200+ psf) prices? And some more near to 20th storey?
Wow! Cheap man!
I didn't know market can be so imbalanced.



http://www.businesstimes.com.sg/mnt/static/image/images/topMasthead_small.gif
Serangoon residential site draws 15 bids
Top bid of $221.2m comes from Intrepid Investments, a unit of Hong Leong
The Business Times
Thursday, 8 October 2009

Fierce competition for residential land shows no signs of abating as 15 developers submitted bids for a 99-year-leasehold site in Serangoon Avenue 3.

This is the highest number of bids put in for government residential land so far this year. The last three tenders had drawn 12 to 13 bids each.

The Urban Redevelopment Authority (URA) closed the tender for the Serangoon site yesterday, and the top bid of $221.2 million or $529 psf of gross floor area (GFA) came from Intrepid Investments Pte Ltd, a unit of Hong Leong Holdings.

Tuas Hi-Tech Park Pte Ltd, a Far East Organization unit, came in second with a bid of $195.9 million or $468 psf of GFA. The highest offer was some 13% more than this.

The top bids for the site markedly surpassed property consultants’ predictions – they had expected the numbers to fall closer to $400-$450 psf of GFA.

Other developers which put up offers for the site include Keppel Land, Frasers Centrepoint, Times Properties and Sim Lian Land.

The lowest bid came from Lippo Estates, at $120 million or $287 psf of GFA. The spread between the top and bottom bids was around 84%.

The results show that ‘market sentiments are still very positive’, says Colliers International research and advisory director Tay Huey Ying. They also reflect the attractiveness of the site, she adds.

The plot is next to Lorong Chuan MRT Station and is close to several schools including Australian International School. It is also near Serangoon Gardens and the CTE.

CB Richard Ellis Research executive director Li Hiaw Ho believes the site’s breakeven cost will be around $900-$950 psf. This works out to a selling price of some $1,000-$1,100 psf.

Ngee Ann Polytechnic real estate lecturer Nicholas Mak expects the breakeven cost to reach $950-$990 psf, translating to a selling price of $1,100-$1,200 psf.

Near the site, a 99-year-leasehold condominium, The Springbloom, has seen transactions priced from $633-$706 psf, going by caveats lodged since August.

The Serangoon area is an established residential estate and tends to draw families which would need larger apartments. But some market watchers predict that Hong Leong may work more small units into its project to achieve the estimated selling prices.

Also, the site’s proximity to the MRT station may draw some single professionals or potential landlords who would not mind smaller units, they say.

This is the second government residential land tender to close since the authorities announced several measures to cool the property market last month. There was also aggressive bidding at the previous tender for a residential and commercial plot at the corner of Yio Chu Kang Road and Seletar Road. Twelve bids came in, and the top bid was 35% more than the second.

The Real Estate Developers’ Association of Singapore said last week that it is in talks with URA to seek an increase in the supply of affordable sites outside ‘hotspots’.

andy
12-10-09, 11:45
am looking at both

Soleil 2 BR or 2 +1 subsale market around 1280 - 1320 psf , LH, units below 20 F

Viva 2 BR or 2 +1 s subsale around 1600-1670 below 20 F, last units from developer (high floors) 1760 - 1800 psf approx, FH

Not sure which one to give the preference. Access to Novena MRT seems shorter from Soleil. Any opinions ?

Wow didn't know viva subsale already so high.

Take note
Viva=FH, Soleil=LH
Land area about the same
Soleil # of units=427; Plot ratio = 3.5; height=36 stories
Viva # of units=235; Plot ratio =2.8; height = 30 stories

Soleil peak prices = $1600. So $1300 seems good
Downside = too near to hospital which could still be a stigma although attitudes are changing.

Reporter
12-10-09, 11:54
Wow didn't know viva subsale already so high.

Take note
Viva=FH, Soleil=LH
Land area about the same
Soleil # of units=427; Plot ratio = 3.5; height=36 stories
Viva # of units=235; Plot ratio =2.8; height = 30 stories

Soleil peak prices = $1600. So $1300 seems good
Downside = too near to hospital which could still be a stigma although attitudes are changing.
Err ... I think Soleil's peak price isn't $1,600 psf.

It's $1,845 psf for the very high floor with very good view and $1,000+ psf for the very low floor with no view.



Private Residential Units Sold in the Month of August 2007

Project Name .. Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Soleil @ Sinaran . CCR ........ 394 ............................ 1,845 ............ 1,411 ............ 1,109

isaaclim
12-10-09, 13:15
Chiong Liaw lah...

Just visited the site yesterday. 99% chance that the stack facing the hotel will also have pool view - hotel pool view... 2kpsf is no longer a dream!!!

Kenshinto80
12-10-09, 13:26
Chiong Liaw lah...

Just visited the site yesterday. 99% chance that the stack facing the hotel will also have pool view - hotel pool view... 2kpsf is no longer a dream!!!

Eeeerrr....if seaview then okie....but is other people's pool.....so to call it pool view seems weird...haha

Reporter
13-10-09, 16:01
Many people is hoping The Sail to go back 3kpsf again. So why can't Soleil go above 2kpsf. :spliff:

I am not stating that Soleil will match with Sail. Sails hits 3.3k when it is about TOP or just TOP'ed. That is one of the best time to cash up a LH property. Once TOP'ed, it would depend on surrounding development or much later - enblock.

So, when Sail go back to 3.3kpsf. Soleil at 2kpsf will be consider relatively cheap liaw... Some more.. prime is still prime.
Err ... it seems like your prediction is getting more and more real by the day.


a stack 3 unit was sold at $2699 psf in September ...
... slowly but surely crawing towards $3000 psf again

Oh my goodness!

The Sail resale has hit $2,699 psf in September?

Wow! Congratulations!

Reporter
14-10-09, 00:57
Chiong Liaw lah...

Just visited the site yesterday. 99% chance that the stack facing the hotel will also have pool view - hotel pool view... 2kpsf is no longer a dream!!!
Wow!
Your prediction of $3,300 psf for The Sail is really getting closer and closer by the day.

Guess what?
It's now $2,850 psf!
It's almost there.


Reporter is a bit slow this time ...

The Sail @ Marina #61-04 at 2, Marina Boulevard

Transacted on 18/09/2009

936 sf @ $2,850 psf for $2,667,600 :scared-4: :scared-4: :scared-4:

Originally bought on 24/11/2004

936 sf @ $1,051 psf for $983,340 :doh: :doh: :doh:

isaaclim
14-10-09, 10:14
Maybe it is time to call agent liaw...

No... I will wait until that condo at Serangoon Ave 3 launched. If a condo near foreign worker hostel selling around 1.2psf... Why can't Soleil selling above 2k!

Reporter
14-10-09, 10:43
Maybe it is time to call agent liaw...

No... I will wait until that condo at Serangoon Ave 3 launched. If a condo near foreign worker hostel selling around 1.2psf... Why can't Soleil selling above 2k!
Err ... you may want to consider calling that agent after Christmas regarding your CCR/prime Soleil ... maybe next July, just like the old days back in July 2007?


DO NOT SELL your property especially prime ones OR you shall regret by Christmas 2009.

".... 2 months to Christmas 2009 ... let's see if 2010 will be like 2007 bull run....

US$ depreciating fast.... government like China spending (get rid of ) their depreciating US$ reserve as fast as possible all over the places on resource, asset.... assume the fund and the rich will be doing similar ? ...."

That is correct. You can see how China is spending by the scale of their massive infrastructural projects all around the mainland- this does not include the huge subsidies given to their people for property, cars and even computers. Those who qualified for the benefits are not the poor only. It is like a bloated stomach, you need to release the darn stuffs anyhow and quick !

Reporter
14-10-09, 18:56
Err ... you may want to consider calling that agent after Christmas regarding your CCR/prime Soleil ... maybe next July, just like the old days back in July 2007?
Let's give China some time to do its dragon fireball magic.

Let's give China hot money some time to reach our CCR/prime area.



http://www.reuters.com/resources/images/logo_reuters_media_us.gif
Strong China trade, loan figures back recovery case
Zhou Xin and Simon Rabinovitch
Reuters
Beijing, China
Wednesday, 14 October 2009, 5.58pm CCT

http://d.yimg.com/a/p/fi/25/17/63.jpg
A worker melts a structure of a billboard at a construction site in Hefei, Anhui province. - Photo: Reuters

China reported surprisingly strong trade figures on Wednesday, providing fresh evidence that the world's third-largest economy is firmly on the path to recoveryand that global demand is improvingtoo.

Exports in September fell 15.2% from a year earlier, beating forecasts of a 21% fall, while imports fell just 3.5% -- well short of expectations of a 15.3% decline, the General Administration of Customs said.

Brian Jackson, an economist at Royal Bank of Canada in Hong Kong, said the slower pace of decline was good news for China's recovery because growth this year has depended too much on the government's 4 trillion yuan ($585 billion) stimulus package.

Indeed, after adjustments to take account of the number of working days in each month, exports rose 6.3% in September from August and imports rose 8.3%, Customs said.

"Stronger external demand will provide an alternative source of support for growth and provide scope for Beijing to start tightening policy gradually from early 2010," Jackson said.

With imports showing strength, China's trade surplus fell to $12.9 billion last month from $15.7 billion in August. Markets had expected a figure of $17.0 billion.

Economists expect the year-on-year readings in exports to keep improving. Trade slumped after a shock to confidence from the collapse of investment bank Lehman Brothers in September 2008, creating an increasingly favorable statistical base of comparison as 2009 wears on.
Nomura said it expected the year-on-year change in exports to turn positive by December, while Barclays Capital said it could be as early as November.

"Overall, export performance will be much better in the months to come. I think it's going to be sustainable and it's going to accelerate. There are some rush orders coming to China for Christmas, so I expect probably a pretty strong reboundin November and December," said Dong Tao, chief China economist for Credit Suisse in Hong Kong.

Demand At Home And Abroad

Yu Song and Helen Qiao at Goldman Sachs said calendar quirks -- there were more working days this September than last -- were not the only explanation for the relatively robust data.

"We believe the underlying growth momentum of exports and imports has been improving, on the back of continued strength in the domestic economy as well as the increasingly visible signs of recovery in external demand," they said in a note to clients.

Mingchun Sun with Nomura in Hong Kong agreed. He said China was busy buying more investment goods to implement the infrastructure-centered stimulus package, as well as consumer goods following an unexpected spending boom.

Commodities were a driving force behind the sharp improvement in imports. China bought a record 64.55 million tons of iron ore in September, up 30% from August; imports of copper rose 23%.

The China data helped fuel gains in domestic and global stock and in commodities. The Shanghai stock market halved its gains to end up 1.17%, a four-week closing high, while copper futures rose in Shanghai and London.

"The Chinese economy is obviously strong and that has created demand for copper," said David Moore, a commodity strategist at the Commonwealth Bank of Australia.

Annual economic growth probably accelerated to 8.9% in the third quarter, from 7.9% in the second, according to economists polled by Reuters. The figures are due on October 22.

Strong Loans, Leap In Reserves

New loans, the lifeblood of any economy, rose a surprisingly strong 516.7 billion yuan ($75.7 billion) in September. Money supply also expanded faster than forecast, signaling that consumers and
firms were spending and investing freely.

"Economic activity, especially in the corporate sector, has picked up, exports are recovering and bank loans to small and medium-sized enterprises are on the rise," said Zhao Qingming, an economist with China Construction Bank in Beijing.

Currency traders started building in expectations of renewed appreciation in the yuan.

China halted the currency's three-year climb against the dollar in July 2008 to protect the country's vast export sector.

But economists say that Beijing will eventually want to let the yuan resume its rise to boost domestic demand and so help rebalance both the Chinese and the global economies -- a key aim of the Group of 20 forum, where Beijing is an influential voice.

In a potent reminder of the scale of today's imbalances, China's central bank said its holdings of foreign exchange reserves, the world's largest stockpile, jumped $141 billion in the third quarter to $2.27 trillion.

The reserves have ballooned in recent years because the central bank buys most of the dollars flowing into China -- from the trade surplus, for example -- in order to hold down the yuan's exchange rate.

Reporter
14-10-09, 23:41
Let's give China some time to do its dragon fireball magic.

Let's give China hot money some time to reach our CCR/prime area.
The China hot money has reached S$13,000 psf in Hong Kong. It is now aiming for S$20,000 psf.

Will Singapore CCR/prime be the next stop?
Let's stay tuned to find out.



http://www.thestandard.com.hk/images/std_logo.gif
Top of the Pile
Alfred Liu
The Standard
Hong Kong
Wednesday, 14 October 2009


http://www.thestandard.com.hk/newsimage/20091014/5_2009101322544694573conduit.jpg

Prices for luxury properties in Hong Kong are now firmly at a sky-high level, a fact confirmed yesterday as a developer slapped a price of more than HK$63,000 psf on a premium apartment in Mid-Levels.


That will make it the highest-priced penthouse in Asia - and it is not even on top of the building.

The top-of-the-pile tab was revealed as Henderson Land Development (0012) released the first price list for its residential project 39 Conduit Road yesterday. On it was the HK$357.7 million, 5,636-sq-ft duplex. That means a square- foot record of HK$63,473.

Another duplex, 5,131 sq ft and also on the 66th floor of the 88-story building, is listed at HK$311.4 million, or HK$60,696 psf.

In June last year, Sun Hung Kai Properties (0016) sold a 5,497-sq-ft penthouse at The Arch, atop Kowloon MTR Station for HK$41,100 psf - a record for Asia.

The pattern of soaring prices is setting off alarms as well as expressions of amazement.

Lui Hon-kwong, associate professor of marketing and international business at Lingnan University, warned of the danger of a price bubble in the property market, which is drawing huge inflows of cash from super-rich mainlanders.

"A price bubble is determined by the mainland government's policy direction," he said. "If it does not support people in investments, our property market will lose ground and prices will plunge."

Still, Eddie Hui Chi-man of Polytechnic University's department of building and real estate notes that the sale of expensive homes by Henderson is at the upper extremes of the property market and should not have a bearing on the mass market.

"Some super-rich people are chasing luxury homes like others collect paintings and wine because they are rare," Hui said.

"The property market is recovering ahead of the real economy, however, and people can afford mortgage payments."

Besides the two premium duplex homes, Henderson also set prices for 18 "regular" homes in the block - sized at 2,808 and 3,284 sq ft - from HK$73.4 million to HK$137.9 million. The developer's sales general manager, Thomas Lam Tat-man, said the company will set about securing sales as early as this afternoon.

Customers have shown interest in 20 to 30 apartments, Lam said. They are negotiating up to HK$70,000 psf for the most expensive unit.

The project has a total of 66 homes sized from 2,800 to about 7,600 sq ft, with two penthouses on the 88th floor still to be priced. Henderson has suggested it could be seeking a staggering HK$100,000 psf for the loftiest pair.

The firm intends to sell 40% of the homes this year, which would bring in about HK$4 billion. Lam predicts a 10% increase in prices for homes sold later.
Midland Realty regional sales director Jimmy Lee said the prices asked by Henderson will not deter buyers. "Housing supply in Mid-Levels is very limited and investors have long been waiting for new units."

jlrx
15-10-09, 01:49
Maybe it is time to call agent liaw...

No... I will wait until that condo at Serangoon Ave 3 launched. If a condo near foreign worker hostel selling around 1.2psf... Why can't Soleil selling above 2k!


Err ... you may want to consider calling that agent after Christmas regarding your CCR/prime Soleil ... maybe next July, just like the old days back in July 2007?


DO NOT SELL your property especially prime ones OR you shall regret by Christmas 2009.

I don't see why anyone should sell his properties, unless he is short of money?

Keeping money in the bank to count the number of zeros is not as good a pass time as inspecting properties. :p

And some more ... Obama can't print properties! :tongue3:

Property_Owner
15-10-09, 10:11
I don't see why anyone should sell his properties, unless he is short of money?

Keeping money in the bank to count the number of zeros is not as good a pass time as inspecting properties. :p

And some more ... Obama can't print properties! :tongue3:

Selling doesn't mean you need money. Cashing out and leverage to get a better buy. Upgrade your portfolio.

Reporter
15-10-09, 10:39
I don't see why anyone should sell his properties, unless he is short of money?

Keeping money in the bank to count the number of zeros is not as good a pass time as inspecting properties. :p

And some more ... Obama can't print properties! :tongue3:
Maybe sometime you have no choice?

When your super-rich cousin from above (i.e. the North) wants your properties, you gotta to give/sell it to him rite?

You gotta give him face - not slap his face. Agree?


"... Imagine Cheung Keung start marketing Marina Bay Suites penthouses to those super rich from mainland China ... wah, so cheap at RMB 50,000 psf only :cheers3: ..."


"... this is a real case, hv encountered many mainland chinese in Sandy Island. They are not shock when i told them that the villas cost at least $15mil or $200psf up. the only comment is villa not big enough. they want something bigger! ..."


Don't worry, in a few month's time, I think they will want to grab anything big or small. Just follow on with them gently, but don't press them. These people do not like to feel pressured or hard selling. Keep the connection with them by talking about other topics rather the villas. Just my 2 cents. You know, last year before Sheldon raised the billions for LVS through private placement. He actually made a trip here to assure us that LVS is sound and well. He stopped short of boasting his connection with the elites as he does not want to appear arrogant. That is how important he view the Singapore project. That time, many thought he Kia-Si. But who expected his straight FLUSH a few days later?! I think this guy will be a true great marketer for Singapore after his baby is completed here. Who is more effective in convincing the elites about the Singapore story, through Sheldon's mouth directly or through our media ? I mean, you can scream in their ears how great Singapore is, they will not be moved unless they hear it from within their own circle.

jlrx
15-10-09, 15:21
Selling doesn't mean you need money. Cashing out and leverage to get a better buy. Upgrade your portfolio.

"Cashing out" to "Upgrade" is different. You still stay invested in properties. :cheers1:


Maybe sometime you have no choice?

When your super-rich cousin from above (i.e. the North) wants your properties, you gotta to give/sell it to him rite?

You gotta give him face - not slap his face. Agree?

Agree, but I'll do what Property_Owner did above - upgrade my portfolio. :spliff:

andy
15-10-09, 17:47
I don't see why anyone should sell his properties, unless he is short of money?

Keeping money in the bank to count the number of zeros is not as good a pass time as inspecting properties. :p

And some more ... Obama can't print properties! :tongue3:

I don't get it. Resales properties are not getting any offers from buyers.

So why shouldn't one sell if resale property get a decent offer.

Do you mean it is better to see paper value of property going up & not being able to sell versus cash in hand?

lancelot
15-10-09, 22:27
I don't get it. Resales properties are not getting any offers from buyers.

So why shouldn't one sell if resale property get a decent offer.

Do you mean it is better to see paper value of property going up & not being able to sell versus cash in hand?
Precisely. There is a saying, don't fall in love with your investments. If you like a property you are living in, fair enough. For others that are meant as investments, you have to be more objective. There are opportunity costs in hanging on to a property indefinitely. It's not as simple as choosing between putting your cash in property or in a savings account where the value of your cash gets eroded.

jlrx
15-10-09, 22:29
I don't get it. Resales properties are not getting any offers from buyers.

So why shouldn't one sell if resale property get a decent offer.

Do you mean it is better to see paper value of property going up & not being able to sell versus cash in hand?

Of course it is better to see the paper value of property going up than cash in hand.

Cash is a fast depreciating asset and you cannot touch or feel it, unless you draw the money out in dollar notes and count them every day. :p

Whenever I hold lots of cash (like now) it is because I am preparing to make a move.


It's not as simple as choosing between putting your cash in property or in a savings account where the value of your cash gets eroded.

There is also the alternative of contributing to charitable causes like Richard Fuld's or Bernie Madoff's retirement fund.

andy
16-10-09, 10:21
Of course it is better to see the paper value of property going up than cash in hand.

Cash is a fast depreciating asset and you cannot touch or feel it, unless you draw the money out in dollar notes and count them every day. :p

Whenever I hold lots of cash (like now) it is because I am preparing to make a move.


Good point. Sell if you have something else you want to buy;)

Alternatively, buy first if you want to sell to upgrade. But buy already cannot sell then how?:banghead:

lancelot
16-10-09, 15:22
Of course it is better to see the paper value of property going up than cash in hand.

Cash is a fast depreciating asset and you cannot touch or feel it, unless you draw the money out in dollar notes and count them every day. :p

Whenever I hold lots of cash (like now) it is because I am preparing to make a move.



There is also the alternative of contributing to charitable causes like Richard Fuld's or Bernie Madoff's retirement fund.
Nonsense! Lots of equity investments make money. If you want to take the example of failed investments, there are plenty including properties. You need to look no further than one big property investor unnamed here who is going to get burnt soon. Do a google search under "peter cooper village" if you want to find out more instead of sticking one's head in the sand.

wqmai
16-10-09, 16:38
Nonsense! Lots of equity investments make money. If you want to take the example of failed investments, there are plenty including properties. You need to look no further than one big property investor unnamed here who is going to get burnt soon. Do a google search under "peter cooper village" if you want to find out more instead of sticking one's head in the sand.

What the heck has peter cooper village got to do with whatever you are talking about? Anyone understand??? Kindly enlighten.

hk2313
17-10-09, 12:01
hmm...can we get back to the topic SOLEIL in this thread i.o. whatever else comes to mind ?

Purchased a lower floor one (slighly below 10) now at 1265 psf for 936 sqf size

teddybear
17-10-09, 13:40
Care to share why you choose Soleil vs the like of e.g. Novena Suites, Strata, Thomson Euro-Asia, Viva, Park Infinia etc near-by?


hmm...can we get back to the topic SOLEIL in this thread i.o. whatever else comes to mind ?

Purchased a lower floor one (slighly below 10) now at 1265 psf for 936 sqf size

Reporter
17-10-09, 17:57
http://img329.imageshack.us/img329/7717/soleilhg8.jpg
Err ...
Is it because it sits on a proper-sized land with full-condo facilities?
Or is it because it is next to Novena MRT station?

hk2313
18-10-09, 10:12
I was looking at Viva at alternatiive, but the last remaining units 2 B on 27 - 29 Floor priced above 1800 psf, which seemed too expensive, even for FH, at least in my opinion.

Wanted something in good location (wchih Soleil has on top of MTR), with good facilities, which I think is relaitively easy to rent come TOP. Also feel that given current price and launching price, these is maybe some room for the price tomove upwards

moneyspinner
18-10-09, 10:20
I was looking at Viva at alternatiive, but the last remaining units 2 B on 27 - 29 Floor priced above 1800 psf, which seemed too expensive, even for FH, at least in my opinion.

Wanted something in good location (wchih Soleil has on top of MTR), with good facilities, which I think is relaitively easy to rent come TOP. Also feel that given current price and launching price, these is maybe some room for the price tomove upwards

There is a very important advantage for VIVA. Deferred payment is available. If you have better alternative use of the funds meanwhile this option is excellent.

proud owner
18-10-09, 10:21
I was looking at Viva at alternatiive, but the last remaining units 2 B on 27 - 29 Floor priced above 1800 psf, which seemed too expensive, even for FH, at least in my opinion.

Wanted something in good location (wchih Soleil has on top of MTR), with good facilities, which I think is relaitively easy to rent come TOP. Also feel that given current price and launching price, these is maybe some room for the price tomove upwards

not long ago .. when all rushing to bye near MRT .. i mentioned about a condo in seng kang that sits on top of MRT station ..

i kana slam big time

now you buy one above mrt ..

lets see if you also kana slam

Reporter
18-10-09, 10:35
There is a very important advantage for VIVA. Deferred payment is available. If you have better alternative use of the funds meanwhile this option is excellent.
I think Soleil has DPS during launch. I am not sure if it is still available from the developer.

moneyspinner
18-10-09, 10:58
I think Soleil has DPS during launch. I am not sure if it is still available from the developer.

Normally, its only available to the direct buyer of the developer and its not transferable.

hk2313
18-10-09, 11:14
@ proud owner : sorry, i am not singaporean, so I dont know those expressions. I bought this as an investment only

@ moneyspinner .... yes, you are right. But even with 7% discount for Viva, for the remaining united the price was between 1760 - 1830 psf, and was actually raised by another 3 - 4% Monday. I prefer not to pay the absolute highest price for a condo, unless its really for my own use. Think Soleil is better bet , for same size at 30% cheaper, and probably with same monthly rental in the future

As fpr DPS, then one could also buy Interlace, with TOP only 2015

bargain hunter
18-10-09, 12:09
given the price differences, I agree with you that Soleil is the better buy. Given the current circumstances, I think this is the best you can get because Park Infinia sellers would be asking for a lot more.

Personally, I dislike Soleil because it is 99 year leasehold, right beside Tan Tock Seng and the land area is much smaller than Park Infinia even though it has a similar number of units. I agree with you that rental will be about the same though. :) So for investment purposes, I think you made a good decision.

The Interlace does not have DPS or IAS.



@ proud owner : sorry, i am not singaporean, so I dont know those expressions. I bought this as an investment only

@ moneyspinner .... yes, you are right. But even with 7% discount for Viva, for the remaining united the price was between 1760 - 1830 psf, and was actually raised by another 3 - 4% Monday. I prefer not to pay the absolute highest price for a condo, unless its really for my own use. Think Soleil is better bet , for same size at 30% cheaper, and probably with same monthly rental in the future

As fpr DPS, then one could also buy Interlace, with TOP only 2015

andy
18-10-09, 12:54
hmm...can we get back to the topic SOLEIL in this thread i.o. whatever else comes to mind ?

Purchased a lower floor one (slighly below 10) now at 1265 psf for 936 sqf size

Hmm.. I think this is a good buy given that the launch price is much higher about 1500 or 1600 and also TPY and AMK have reached similar levels.

I agree that rental is probably about the same viva ;) since it has sky terraces and gym.

You should thank some of the forumers who have adamantly sell down Soleil (e.g, near hospitals, further from newton)

Another parkway specialist hospital is coming up near Square2. Next to Soleil is another 18th story hotel.

moneyspinner
18-10-09, 13:49
given the price differences, I agree with you that Soleil is the better buy. Given the current circumstances, I think this is the best you can get because Park Infinia sellers would be asking for a lot more.

Personally, I dislike Soleil because it is 99 year leasehold, right beside Tan Tock Seng and the land area is much smaller than Park Infinia even though it has a similar number of units. I agree with you that rental will be about the same though. :) So for investment purposes, I think you made a good decision.

The Interlace does not have DPS or IAS.

What is the land/unit size between Parc Infinia vs VIVA?

bargain hunter
18-10-09, 16:44
Lincoln Suites 59,986 sq ft/175 units = 343.
Soleil 134,160sq ft/427 units = 314.
Park Infinia 233,000/486 =479.
VIVA 128,105/235 = 545

Although I do not advocate using such ratios strictly, I guess we can use it as a guide. Afterall each unit does own a part of the land area.

Note also that, as Lincoln Suites' land area is so small, a larger proportion of it goes to building the 2 blocks itself and that eats into the remaining land area. They are countering this with facilities 'in the sky' just as Ascentia Sky did.





What is the land/unit size between Parc Infinia vs VIVA?

Reporter
18-10-09, 20:41
@ proud owner : sorry, i am not singaporean, so I dont know those expressions. I bought this as an investment only

@ moneyspinner .... yes, you are right. But even with 7% discount for Viva, for the remaining united the price was between 1760 - 1830 psf, and was actually raised by another 3 - 4% Monday. I prefer not to pay the absolute highest price for a condo, unless its really for my own use. Think Soleil is better bet , for same size at 30% cheaper, and probably with same monthly rental in the future

As fpr DPS, then one could also buy Interlace, with TOP only 2015
I think this is a very very good buy simply because it is next to (0m away from) Novena MRT. You mentioned MTR, I guess you probably understand that "location, location, location" is more important than if the property have only 50 years of lease.

F.Y.I., Soleil higher-floor units with unblocked City view (i.e. Marina South direction) are in the $1,700-$1,800 psf range. From URA records, I believe Soleil was launched with units ranging from $1,0xx psf to $1,8xx psf on day 1. Thusfar, the developer's pricelist has remained unchanged. The best way to get a good buy would be through resale, where the seller is selling near or at a loss.

As to why should the seller sell at a loss, that is a different subject altogether.



not long ago .. when all rushing to bye near MRT .. i mentioned about a condo in seng kang that sits on top of MRT station ..

i kana slam big time

now you buy one above mrt ..

lets see if you also kana slam
Are you talking about Compass Heights?

Were you slammed for recommending it?
If you are, you should be laughing now cos' you are having the last laugh.

Err ... I think you should pity those who are unaware of "location, location, location" or "MRT, MRT, MRT", or ..........
They probably don't know what they are missing.

andy
18-10-09, 23:09
Lincoln Suites 59,986 sq ft/175 units = 343.
Soleil 134,160sq ft/427 units = 314.
Park Infinia 233,000/486 =479.
VIVA 128,105/235 = 545

Although I do not advocate using such ratios strictly, I guess we can use it as a guide. Afterall each unit does own a part of the land area.

Note also that, as Lincoln Suites' land area is so small, a larger proportion of it goes to building the 2 blocks itself and that eats into the remaining land area. They are countering this with facilities 'in the sky' just as Ascentia Sky did.

Very scientific method.
Then how about Laguna Park @ 670000/528=1269.
How come rushing to sell?

bargain hunter
19-10-09, 10:01
because the psf it is commanding is more than its aged psf without the en-bloc. Also proves the point that 99 year leaseholds lose value over time as the lease runs down if there is no en-bloc.


Very scientific method.
Then how about Laguna Park @ 670000/528=1269.
How come rushing to sell?

andy
19-10-09, 10:15
because the psf it is commanding is more than its aged psf without the en-bloc. Also proves the point that 99 year leaseholds lose value over time as the lease runs down if there is no en-bloc.

Not true only for LH.
FH @ The balmoral at 250,000/81= 3086

Nevertheless an interesting hypothesis:cool:

bargain hunter
19-10-09, 10:28
which freehold project is that for balmoral?


Not true only for LH.
FH @ The balmoral at 250,000/81= 3086

Nevertheless an interesting hypothesis:cool:

andy
19-10-09, 10:35
which freehold project is that for balmoral?
The Balmoral:cool:

bargain hunter
19-10-09, 10:40
anyone selling cheap? I want, I want! fits my criteria of 3m+ for a 4 bedder. :)


The Balmoral:cool:

isaaclim
19-10-09, 10:51
Lincoln Suites 59,986 sq ft/175 units = 343.
Soleil 134,160sq ft/427 units = 314.
Park Infinia 233,000/486 =479.
VIVA 128,105/235 = 545

Although I do not advocate using such ratios strictly, I guess we can use it as a guide. Afterall each unit does own a part of the land area.

Note also that, as Lincoln Suites' land area is so small, a larger proportion of it goes to building the 2 blocks itself and that eats into the remaining land area. They are countering this with facilities 'in the sky' just as Ascentia Sky did.

You miss out one of the important parameter - Plot ratio.

ginseng1
19-10-09, 14:51
It will be interesting to see how the rental market goes once TOP.

Will everyone be rushing to rent out?

If so, it really becomes a tenant market. I believe that half the units in Soleil are bought as investment and will be rented out while waiting for price to appreciate.

andy
19-10-09, 15:00
It will be interesting to see how the rental market goes once TOP.

Will everyone be rushing to rent out?

If so, it really becomes a tenant market. I believe that half the units in Soleil are bought as investment and will be rented out while waiting for price to appreciate.

I believe Lincoln Lodge (old apartment where LS will be built) has a lot of casual tenants and it's a tenants market now. No sure if these are normal 2 years lease but could be shorter.

Very convenient for tenants without cars to go to work and to shop around MRT.

isaaclim
19-10-09, 15:31
It will be interesting to see how the rental market goes once TOP.

Will everyone be rushing to rent out?

If so, it really becomes a tenant market. I believe that half the units in Soleil are bought as investment and will be rented out while waiting for price to appreciate.

If it do turn up to be as you stated, it is still targeting those from upmarket... eg. Doctors + Family members of RICH patient seeking threatment nearby.

proud owner
19-10-09, 21:36
If it do turn up to be as you stated, it is still targeting those from upmarket... eg. Doctors + Family members of RICH patient seeking threatment nearby.

just for info .. how many rich family seek treatment at TTS hospital ?


i know for a fact alot of oversea rich families bought and left units empty until they come to spore, at cairnhill area, becos of Mt E Hospital ...

not so sure about TTS hospital though

sleek
19-10-09, 21:42
FEO has a Private Medical Center cum Hotel right beside Soleil, while
Parkway Medical Center will be across from Novena Square 2.

proud owner
19-10-09, 21:45
FEO has a Private Medical Center cum Hotel right beside Soleil, while
Parkway Medical Center will be across from Novena Square 2.

if these people cum for treatment and theres a hotel at the same location, why would they need to buy soleil ?

unless they so rich and dont want to stay hotel even ..

if thats the case, then the could buy any condo, still not necessary soleil

so this treatment generated demand for soleil theory doesnt quite make sense

tamp81
19-10-09, 23:14
Bearing in mind that when Soleil gets completed, it would be a least 5 years old, 99-yr lease starts from 2006. Not sure it is such a good buy in the long-run, but certainly the rental potential is good.

I feel that Montebleu offers a better value, given it is freehold, with full condo facilities, but a good 10 mins away from Novena Mrt.

teddybear
19-10-09, 23:18
Stay in hotel, well, over-charged and no return and not worth it for long stay & no freedom. Self-purchase a property for own stay while coming for treatment is better & also for children's stay when they attend schools here (and still can hedge against inflation & diversify from holding the volatile Rupiah).
May be the rich bought not for being close to TTSH but for being close to Novena Medical Centre and the new up-and-coming Parkway Hospital just opposite Square 2?


if these people cum for treatment and theres a hotel at the same location, why would they need to buy soleil ?

unless they so rich and dont want to stay hotel even ..

if thats the case, then the could buy any condo, still not necessary soleil

so this treatment generated demand for soleil theory doesnt quite make sense

proud owner
19-10-09, 23:24
Stay in hotel, well, over-charged and no return and not worth it for long stay & no freedom. Self-purchase a property for own stay while coming for treatment is better & also for children's stay when they attend schools here (and still can hedge against inflation & diversify from holding the volatile Rupiah).
May be the rich bought not for being close to TTSH but for being close to Novena Medical Centre and the new up-and-coming Parkway Hospital just opposite Square 2?

just for my information .. have anyone heard or known of any rich indonesians who bought properties in Novena ? OTHER than Scotts /Orchard /Somerset, Cairnhill, Newton ?

teddybear
19-10-09, 23:30
I know that there are many Indonesian owners in some of these condos in Novena. Recently it was reported that many Indonesians bought The Arte.


just for my information .. have anyone heard or known of any rich indonesians who bought properties in Novena ? OTHER than Scotts /Orchard /Somerset, Cairnhill, Newton ?

proud owner
19-10-09, 23:33
I know that there are many Indonesian owners in some of these condos in Novena. Recently it was reported that many Indonesians bought The Arte.

cool ..

are they getting poorer ? buying outside Orchard ?

or they more picky on price now ?

sometimes i feel these money from rich people ( dont mention country) .. could well be laundered money ... how does our govt view this ? or they close both eyes ?

proud owner
19-10-09, 23:37
I know that there are many Indonesian owners in some of these condos in Novena. Recently it was reported that many Indonesians bought The Arte.

actually i have friends who are agents .. and they said they have indo clients, looking not necessarily prime districts, but any units/location with 2-5 yr tenancy ...

so they park their $$ here and get returns immediately and not so keen on new or projects thats not TOP ..

have anyone heard this ?

jc
20-10-09, 00:12
Lincoln Suites 59,986 sq ft/175 units = 343.
Soleil 134,160sq ft/427 units = 314.
Park Infinia 233,000/486 =479.
VIVA 128,105/235 = 545

Although I do not advocate using such ratios strictly, I guess we can use it as a guide. Afterall each unit does own a part of the land area.

Note also that, as Lincoln Suites' land area is so small, a larger proportion of it goes to building the 2 blocks itself and that eats into the remaining land area. They are countering this with facilities 'in the sky' just as Ascentia Sky did.

This calculation makes The Sail looks like shit hole: Land area: 97,854sqft Units: 1,111 = 88

jc
20-10-09, 00:39
This calculation makes The Sail looks like shit hole: Land area: 97,854sqft Units: 1,111 = 88

How do we calculate projects that sits on no land, like Centris, Orchard Residences, etc.?

bargain hunter
20-10-09, 01:15
that's why i was saying just use it as guide for people who love land. People who only feel secure owning more land (i guess more for en-bloc in the long run), can use this as a guide.


How do we calculate projects that sits on no land, like Centris, Orchard Residences, etc.?

teddybear
20-10-09, 07:37
Orchard still their perennial favorite. Not only Indos but the rich Chinese too. Novena also seems to be their another favorite spot (may be because still within D09-D11 and still very close to City and convenient + the medical factor + good schools nearby). Don't think they are so interested in OCR though (since never heard agents said they have rich Indos or Chinese clients looking at OCR - they only look at selected regions in D09-D11).


cool ..

are they getting poorer ? buying outside Orchard ?

or they more picky on price now ?

sometimes i feel these money from rich people ( dont mention country) .. could well be laundered money ... how does our govt view this ? or they close both eyes ?

teddybear
20-10-09, 10:20
Soleil vs Montebleu? Soleil's location obviously more superior. Have you tried walking from Montebleu to Novena MRT station? Because you can't walk in a straight line, so the walking distance is much more than the 10 minutes you mentioned. Also, Montebleu has no tennis court, how to be considered to have full condo facility?


Bearing in mind that when Soleil gets completed, it would be a least 5 years old, 99-yr lease starts from 2006. Not sure it is such a good buy in the long-run, but certainly the rental potential is good.

I feel that Montebleu offers a better value, given it is freehold, with full condo facilities, but a good 10 mins away from Novena Mrt.

Property_Owner
20-10-09, 10:49
Soleil vs Montebleu? Soleil's location obviously more superior. Have you tried walking from Montebleu to Novena MRT station? Because you can't walk in a straight line, so the walking distance is much more than the 10 minutes you mentioned. Also, Montebleu has no tennis court, how to be considered to have full condo facility?


montebleu got tennis court. But location not ideal to me. Unless you like bak kuat teh

isaaclim
20-10-09, 14:01
just for info .. how many rich family seek treatment at TTS hospital ?


i know for a fact alot of oversea rich families bought and left units empty until they come to spore, at cairnhill area, becos of Mt E Hospital ...

not so sure about TTS hospital though

Just for info with "?"... I am completely lost.

Novena is having more then just TTS.

isaaclim
20-10-09, 14:03
just for my information .. have anyone heard or known of any rich indonesians who bought properties in Novena ? OTHER than Scotts /Orchard /Somerset, Cairnhill, Newton ?

No info about Indo. But at least xxxxx Juntai got a FLOOR in Soleil.

Reporter
26-10-09, 10:55
Maybe it is time to call agent liaw...

No... I will wait until that condo at Serangoon Ave 3 launched. If a condo near foreign worker hostel selling around 1.2psf... Why can't Soleil selling above 2k!
Maybe you don't need to bother with that condo at Serangoon Aveune 3 anymore?

Maybe Novena is already "doing" at $1,800 psf to $2,300 psf now?


Just been texted. A 2 room sold 2300psf. Looks like Sail and MBR now is a steal!

Between 10-15th floor, 1033 => $18xxpsf
Between 10-15th floor, studio => $20xxpsf

Reporter
05-11-09, 12:27
http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Foreigners back in private home market
Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China
Joyce Teo
The Straits Times
Thursday, 5 November 2009

http://www.straitstimes.com/STI/STIMEDIA/image/20091105/homesales-st.jpg
New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter. -- Photo: Desmond Foo, ST

Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China.

New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter – above the 19.7% average since the start of 2000.

Buyers from China have dislodged those from India for the No. 3 spot in the rankings this year with a contribution of nearly 15% of total foreign purchases. This puts China just behind Indonesia in the second spot and Malaysia at No. 1.

In the past two years, India had been in third spot, but it has slipped to fourth.

Last year, buyers from China had moved up to the No. 4 spot, dislodging buyers from Britain.

Buyers from Myanmar featured more strongly, coming in at No. 8. They did not make it to the top 10 last year, and were 10th in 2007.

In the July to September period, foreign buyers – including permanent residents – lodged 2,448 private home caveats, a key step to buying a home.

This is up from 1,807 caveats in the second quarter and just 498 in the first, according to data compiled by Savills.

In all, permanent residents bought 1,389 homes in the third quarter.

DTZ said its preliminary data for the third quarter showed that foreigners accounted for about 25% of total sales, compared with about 33% during the boom of 2007.

The most popular project sought by foreigners was Sophia Residence, a project launched in July. Then came Caribbean at Keppel Bay, Ascentia Sky, One Devonshire and Viva.

Permanent residents preferred Melville Park, a 99-year leasehold condominium in Simei, the recently launched Trevista, followed by Caribbean at Keppel Bay.

About 54% of the purchases by China buyers were for resale homes, said DTZ head of South-east Asia research Chua Chor Hoon.

Like Malaysian buyers, buyers from China tend to prefer homes priced between $500,000 and $1 million.

One-fifth of them bought homes costing $1.5 million to as much as $5 million.

Indonesians, however, tended to go for higher priced projects, particularly those priced $1.5 million to $5 million.

They like properties located at Novena, River Valley and the Singapore River.

They had been the biggest group of foreign buyers, taking first place from 2004 to 2007, only to lose the spot to Malaysia during the recent economic crisis, said Ms Christine Sun, Savills Singapore’s senior research & consultancy manager.

The latest figures featured a substantial rise in the number of foreign transactions for higher-priced properties.

A total of 86 properties priced above $5 million were sold in the quarter, up from 27 in the second and a mere six in the first.

Also, there was a 60% rise in deals for projects costing between $1.5 million and $5 million. Demand from foreigners for mass market homes was little changed from the second quarter.

Savills said recent data showed that foreigners who are not permanent residents tend to buy more pricey projects.

This group was also more likely to buy homes in prime districts than permanent residents, said Ms Sun. ‘We are hearing that more of these super-rich mainland Chinese buyers have come in recent weeks to buy prime properties like the bungalows in Sentosa Cove.’

But the big influx of foreigners to the luxury market in the 2006-2007 boom has not quite returned, consultants said.

Still, support from regional buyers could rise further. Jones Lang LaSalle’s head of residential, Ms Jacqueline Wong, said the firm has had rising interest from new potential buyers from India, China and Russia in the past four months.

‘We are one of the places they are considering. They see Singapore as a safe haven,’ said Ms Wong.

A senior private banker at a foreign bank said: ‘We are seeing some clients consider buying a Singapore property as one of a string of homes they have around the world. Luxury homes have come down 30% from the peak, so they are better value now.’

DTZ’s Ms Chua said foreign buyers see the growing attraction of Singapore as a global city and expect prices to keep rising as the economy strengthens.

‘Prices of prime and luxurious units have not reached 2007 levels and there is still the potential of capital appreciation depending on the rate of economic recovery,’ she said.

http://i266.photobucket.com/albums/ii268/kcc0002/ForeignBuyersOnTheRise.jpg

gn108
06-11-09, 08:26
Can someone please let me know of the finishing of this development.
I didn't get to see the showflat. Looking for investment only.
Marble or tile for the living?
Toilet fitting?
Kitchen fitting?

Thanks.

Reporter
06-11-09, 08:56
Can someone please let me know of the finishing of this development.
I didn't get to see the showflat. Looking for investment only.
Marble or tile for the living?
Toilet fitting?
Kitchen fitting?

Thanks.
How can they sell without showroom? It's not right!

Reporter
06-11-09, 09:52
Selling doesn't mean you need money. Cashing out and leverage to get a better buy. Upgrade your portfolio.
Sir! I can't reply you. Your mailbox is full.

Property_Owner
06-11-09, 10:00
Sir! I can't reply you. Your mailbox is full.


Just clear some mails. Sorry, inbox is always full everyday. :)

Reporter
16-11-09, 09:13
http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Foreign property buyers go outside prime areas
Districts 9, 10 and 15 still rule, but Novena, Jurong, Balestier pick up
Joyce Teo
The Straits Times
Monday, 16 November 2009

http://business.asiaone.com/A1MEDIA/business/11Nov09/images/20091115.205853_property.jpg
Savills said district 12 - which includes the Balestier (pictured), Serangoon and Toa Payoh areas - has emerged as one of the top new choices among foreigners this year. -- Photo: ST

Foreign property investors are venturing out of traditional prime areas to snap up homes in other parts of the island.

A new study has found overseas buyers have become keen on district 12, which includes the Balestier area and which is associated with karaoke bars and lighting shops.

A Savills Singapore study found that districts 9, 10 and 15 have remained the top spots for foreign buyers over the past three years.

District 9 includes the Orchard and River Valley areas; 15 covers Katong, Joo Chiat and Amber Road, and 10 includes the posh Ardmore area, and the Bukit Timah, Holland Road and Tanglin neighbourhoods.

Districts 11 and 22 have become more popular thanks to the higher number of launches there, Savills said.

In the past three years, there have been at least 30 major launches in district 11 – Novena and Thomson – alone, including Viva, Park Infinia at Wee Nam, and Miro at Lincoln Road.

District 22 – it is centred on Jurong – has hosted launches of The Centris, The Caspian and The Lakeshore.

Savills said district 12, which includes the Balestier, Serangoon and Toa Payoh areas, has emerged as one of the top new choices among foreigners this year.

Its new projects include The Arte, Trevista, Vista Residences, Nova 48, Nova 88 and Domus.

‘These city-fringe projects are near to the city and yet relatively more affordable compared to core central projects,’ said Savills’ senior manager of research and consultancy, Ms Christine Sun.

Consultants say that in district 12, average prices have been lower, at about $900 psf compared with the over $1,000 psf that Novena, only a few hundred metres away, can fetch. However, the gap is closing, partly due to district 12’s increased popularity as well as the small units offered which have a higher per unit asking price.

A closer look at the sales data from the three most popular districts of 9, 15 and 10 shows that most of the foreign buyers came from Malaysia, Indonesia, mainland China and India.

In fact, they accounted for 73.9% of total foreign private property purchases in the first nine months, compared with 59.1% for the whole of 2007 when the market was booming.

A lot of foreigners came to Singapore to buy back then.

Many of the high net-worth buyers from Europe, Russia and elsewhere have not quite returned, property experts said.

But Malaysian buyer numbers have risen by 10% this year compared with 2007, although Indonesian investor numbers have fallen by 4%.

Mainland Chinese buyers are also up 7.4%, while Indian buyers rose 1.1%.

A recent Savills study showed that foreigners, especially those from China, were returning to the market.

Foreigners formed about 22.7% of private home sales in the third quarter – above the 19.7% average since the start of 2000.

‘Malaysians and Indonesians prefer prime districts 9 and 10, which tend to be higher-priced projects,’ said Ms Sun.

She added that mainland Chinese and Indian buyers bought more homes in the city fringe and outside of central regions, such as districts 15, 16, 18 and 22.

The properties in these regions tend to be relatively less pricey and more mass market.

Western buyers, including those from Australia, Britain and the United States, tend to congregate in certain districts, such as districts 9, 10 and 15.

The Japanese prefer district 9, while the Koreans are keen on districts 9 and 10, as well as 16, which includes Bedok and Upper East Coast.
District 9 has the highest concentration of foreign buyers, at 31%.

The other top districts popular with foreigners had a proportion of between 19 and 25%.

Reporter
14-12-09, 21:41
http://www.sph.com.sg/images/logo_sunt.png
Medical tourism on the mend
Shuli Sudderuddin
The Sunday Times
Sunday, 14 December 2009

http://www.straitstimes.com/STI/STIMEDIA/image/20091212/ssmedical.jpg
The medical tourism industry looks to be in the pink of health again, after suffering the recession. - Photo: Chew Seng Kim, ST

The medical tourism industry looks to be in the pink of health again.

Things are looking up after the recession — which hit last year and continued for much of this year — caused some pain.

As many countries’ economies have stabilised, industry folk like Dr Wong Seng Weng are more upbeat.

Wong, medical director at The Cancer Centre, said the end of last year was “a quiet period but there’s been a return of confidence”.

Over at Parkway Health, its spokesman said it has seen a “steady recovery” since the middle of this year.

“Generally, in a downturn, patients tend to postpone non-critical surgery,” noted the spokesman.

In the 4th quarter of last year, Parkway’s 3 hospitals saw a 7% to 8% drop in the number of Indonesian patients.

At Pacific Healthcare Holdings, which runs specialist centres and clinics, things are also looking up. It suffered a 10% fall in medical tourists last year.

“Indonesians form the largest group of medical tourists. The financial crisis last year weakened the rupiah, and there were also uncertainties about the economy and when it would rebound,” said Dr William Chong, chief executive of Pacific Healthcare.

Those in the industry noted that while treatments in Singapore are not cheap, our reputation as a hub of medical excellence continues to be a draw.

Comparing prices, Nanyang Technological University’s Professor David Reisman said a procedure for cardiac bypass costs US$18,500 here, versus US$9,000 at a reputable hospital in Malacca or Penang.

“The same procedure would cost US$130,000 in the US, so Asia is still a good buy,” he added.

Medical groups are targeting patients from places as far away as Russia, Germany and Sweden. They are also attracting patients from the US who are covered by their companies, or personal health insurance.

“The medical travel sector is fairly resilient, given that health-care treatments are often a matter of necessity, and we continue to work towards the 2012 target,” said a spokesman for the Singapore Tourism Board.

It aims to attract 1 million patients by 2012.

Figures from SingaporeMedicine show that last year, 646,000 visitors were associated with the nation’s health-care services, up from 571,000 in 2007.

This number counts both patients and those who accompanied them here, as well as tourists who received incidental health care.

SingaporeMedicine is a government-industry partnership to promote the country as a world-class health-care destination.

Efforts include that of Dr Wei Siang Yu, who founded medical tourism portal Fly Free For Health. Users can get opinions from doctors and nurses online so that they feel reassured about travelling here, said Wei, who has also seen heavier traffic over the last 4 months.

Certainly, while many people may still be careful about spending, even as the global economy is mending, they take health — a matter of life and death — seriously.

Take the case of Dzung Nguyen, 30, who took his father Nguyen Van Hung, 53, to The Cancer Centre when the latter was diagnosed with gastro-intestinal cancer 3 months ago.

So far, Dzung, a letter carrier in Vietnam, has spent about $10,000 on chemotherapy, lodging and airfare.

“We’ve been tightening our budget because of the recession, but we decided to come to Singapore. While it’s the most expensive place in South-east Asia, it’s also one of the best and one of the closest to us,” he said.

Reporter
15-12-09, 22:45
Private Residential Units Sold in the Month of November 2009

Project Name .. Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Soleil @ Sinaran . CCR ......... 373 ......................... 1 ................................ 1,511 ............. 1,511 ........... 1,511
This long-awaited primary sale should officially mark the end of the fire sale in the sub-sale market.

Congratulations to those who have grabbed yourselves a good bargain in the sub-sale market.

andy
23-01-10, 19:43
This long-awaited primary sale should officially mark the end of the fire sale in the sub-sale market.

Congratulations to those who have grabbed yourselves a good bargain in the sub-sale market.

I know of rich people from VN and other South East Asia coming to SG for medical health check.

Does this mean this bad "feng shui" thing around centre of excellence for medical care will eventually pass?

teddybear
23-01-10, 20:01
Feng Shui is something that many people assume they know and yet is actually almost totally ignorant of or completely misinterpret. The study itself is deep, and in the olden days people who practise feng shui are the very well-educated (but can't make it to the top 3 scholars). Even nowsdays, there may be quite many people purporting to be 'feng shui' masters but not really sure they are actually the got 'substance' type.


I know of rich people from VN and other South East Asia coming to SG for medical health check.

Does this mean this bad "feng shui" thing around centre of excellence for medical care will eventually pass?

Newbie Homebuyer
26-01-10, 17:50
This long-awaited primary sale should officially mark the end of the fire sale in the sub-sale market.

Congratulations to those who have grabbed yourselves a good bargain in the sub-sale market.

How come still got primary sale? I thought this was launched long ago?

Reporter
26-01-10, 18:13
How come still got primary sale? I thought this was launched long ago?
It was launched long ago but was not sold out. Many loft units could not find buyers. As of 31 December 2009, there are 44 unsold units.

Here is the latest primary sale - a 2-bedder:
Soleil @ Sinaran
Address ........................ psf .............. Area ......... Price ............. Contract Date
6 Sinaran Drive #29-14 ..... $1,511 psf ..... 958 sqft .... $1,448,000 ..... 26 Nov 09

hk2313
29-01-10, 11:34
i thnk its all loft units they have left. advertising those around 1150 - 1200 psf a while back, but if you calculate the "real floorspace" u get, its more like 1500 ++

still think one can get lower floor one bedders for this below 1300 (no loft), which in my personal opinion is a good price for this location and project (I did buy a few months back)

trump7
17-02-10, 19:19
Private Residential Units* Sold in the Month of January 2010
Soleil @ SinaranSinaran DriveRiverside Investments Pte Ltd Non-Landed CCR 4174173754202 1,645 (http://www.ura.gov.sg/realEstateWeb/realEstate/pageflow/price/submitPriceDetails.do?hdl_no=C0256) 1,614 1,675

Here is the latest deal made for Soleil !
It seems to be recovering more faster since last month`s highest price is 1675psf.

Is there anybody knowing which level and size of Soleil unit was sold for 1675psf?

hk2313
23-02-10, 16:30
I cant find that alleged sale at 1675 in URA, r u sure ? In any case, it must have been a very high floor

Reporter
23-02-10, 17:58
I cant find that alleged sale at 1675 in URA, r u sure ? In any case, it must have been a very high floor
Very-high-floor unit for this $1,675 psf? Could be ... but for non-city-facing stack.

Above-30th-floor city-facing units start from slightly below $1,800 psf to the highest $1,845 psf.


Private Residential Units Sold in the Month of January 2010
Project Name .. Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Soleil @ Sinaran . CCR ....... 375 ....................... 2 ........................... 1,675 ........... 1,645 ........... 1,614