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mr funny
26-02-09, 17:43
http://www.businesstimes.com.sg/sub/suite/story/0,4574,320953,00.html?

Published February 26, 2009

More mass market projects to launch

By UMA SHANKARI


(SINGAPORE) Developers are planning to launch more mass market projects this weekend to take advantage of a recent surge in buying interest.

Hiap Hoe Group, a niche developer, will officially launch its 118-unit The Beverly, located at Toh Tuck Road, this Saturday. The starting selling price is $648 per square foot (psf), which Hiap Hoe says is an 'attractive starting selling price'.

'We have designed The Beverly for those looking for affordable, high-quality residential developments in a good location,' said Teo Ho Beng, the company's managing director.

The Beverly's two, three and four-bedroom apartments range from 1,120 sq ft to 4,187 sq ft, while its double-storey penthouses range from 2,099 sq ft to 3,757 sq ft and are each outfitted with a private roof garden and pool.

On the other side of the island at Pasir Ris, Sustained Land Pte Ltd will also officially launch Coastal Breeze Residences come this weekend. Two and three-bedroom units at the 63-unit development will sell for $610-$660 psf.

Sustained Land has sold 13 units in Coastal Breeze Residences since the start of 2008 in a soft launch. The units, which were mostly prime apartments on higher floors, went at an average price of $690 psf.

The remaining units are mostly three-bedders between 1159 sq ft and 1356 sq ft in size and there are also duplex penthouses. In terms of absolute value, for example, the price for a three-room 1159 sq ft unit starts at $712,000.

Meanwhile, the UOL Group is expected to launch its 646-unit Double Bay Residences in Simei sometime next week. Market talk has it that the project could be launched at $650-680 psf.

The three projects are coming hot on the heels of two successful launches earlier this month. Units at Frasers Centrepoint's Caspian condominium near Jurong Lake and Alexis @ Alexandra, a project by joint venture partners Yi Kai Group and Fission Group, sold quickly upon the projects' launches.

One market insider said that developers are taking pricing cues from each other, and making sure their newly launched projects are priced to sell. 'There is a sense that people will only be willing to buy projects in the $600-plus psf range, and also only units that don't cost too much in total. People don't really want to pay more than $600,000 or $700,000-plus in these times,' he said.

Developers are also throwing in more upmarket features into their mass market offerings to entice buyers. Each of The Beverly's 118 apartments is served by private lifts that open into the lobby of its interior. UOL's Double Bay Residences will also offer extras such as full-length windows in the kitchen, the company has said.

mr funny
26-02-09, 19:55
http://www.todayonline.com/articles/304282.asp

Thursday, February 26, 2009

Hiap Hoe launches The Beverly


Niche residential property developer Hiap Hoe Group is to launch its latest residential development this Saturday with a starting selling price of $648 per square foot.

The Beverly is a low density development comprising 118 apartments and double-storey penthouses, with the larger units each outfitted with a private roof garden and pool.

Mr Teo Ho Beng, Hiap Hoe’s managing director, said: “We have designed The Beverly for those looking for affordable, high quality residential developments in a good location.”

The project is targeted for completion in 2013. Its show flat is in Toh Tuck Road.

august
26-02-09, 22:33
Toh Tuck quite a nice area, but definitely nowhere near mrt as claimed, lol :D

dtrax
26-02-09, 22:38
http://www.hiaphoe.com/home.html#beverly_main

lol i like the way the design the map - http://www.hiaphoe.com/map_beverly.html to make it look close to the upcoming MRT

gfoo
26-02-09, 23:06
i used to stay across the road at signature park. i love this place, very quiet, serene, and got bus plus :)

a nice atas neighbourhood within cycling distance to boon tong kee and such

posh project previously priced at $1200psf. i laughed at their face then.

dtrax
26-02-09, 23:12
lol its quite atas since i also stay round the corner and its my usual jogging route.. i was told the $648 psf is still nego... will probably drop by 2moro to check out the pricing and layout. Did this development even sell any units in their previous launch? Could not find any info on this though

magdalene
27-02-09, 08:08
Hi.. I've been looking for a property for my own stay for a while - and personally I like The Beverly when I went to their 'empty' showflat two months back. :)
I heard from the agent that the land + construction costs is abot $500+ psf.. so I guess the developer is only looking at small profit margin with this new re-launch price.
Too bad their apartment size are too big for a single person, otherwise, I'll negotiate a bit more and buy it.

fire
27-02-09, 10:04
http://www.hiaphoe.com/home.html#beverly_main

lol i like the way the design the map - http://www.hiaphoe.com/map_beverly.html to make it look close to the upcoming MRT

The map damn misleading. Dunearn Road nd BKT Rd looked so short.

Anyhow, is Toh Tuck area any good? I hardly see the prices of the Condos going up much.

xtink
27-02-09, 10:14
mind sharing what was the price quoted two months back when you were there in terms of psf and the size of the room ? (i presume u looked at 2-br since u are single owner)


Hi.. I've been looking for a property for my own stay for a while - and personally I like The Beverly when I went to their 'empty' showflat two months back. :)
I heard from the agent that the land + construction costs is abot $500+ psf.. so I guess the developer is only looking at small profit margin with this new re-launch price.
Too bad their apartment size are too big for a single person, otherwise, I'll negotiate a bit more and buy it.

magdalene
27-02-09, 10:53
$1000+ psf.. although the agent said I could try no lower than $700+ psf..

xtink
27-02-09, 12:20
wow... from 1000psf (lion mouth) to >700psf ("can try") ... that's a very huge gap :scared-4:

1000 psf can buy alot of other better units at better locations loh....

if this is to sell, i expect the launch to be ard 700psf....and my gut feel is this is expensive...

fire
27-02-09, 12:59
wow... from 1000psf (lion mouth) to >700psf ("can try") ... that's a very huge gap :scared-4:

1000 psf can buy alot of other better units at better locations loh....

if this is to sell, i expect the launch to be ard 700psf....and my gut feel is this is expensive...

A bit confused here....The launch price for this unit is around S$648psf as highlighted by the TS...

I think magdalene was referring to his/her previous enquiry.

august
27-02-09, 12:59
not 700psf lah, already reported they re-launching at $648psf ~

propertyguru
27-02-09, 13:05
I had a friend who went down last weekend and was quoted 1000 psf. She thought it was absurd, and now the relaunched prices reflect that. Frankly, I don't understand how the agents who attended to my friend could have in good conscience quoted her the 1000 psf price. Unbelievable. I think property agents have overtaken lawyers as the real sharks. Haha.

bargain hunter
27-02-09, 13:38
I had a friend who went down last weekend and was quoted 1000 psf. She thought it was absurd, and now the relaunched prices reflect that. Frankly, I don't understand how the agents who attended to my friend could have in good conscience quoted her the 1000 psf price. Unbelievable. I think property agents have overtaken lawyers as the real sharks. Haha.

I think they are just following what nearby Hillvista and Park Natura had been doing, quoting around 1000psf as recent as 2009 ie their 2007 peak prices. Now that prices have adjusted to a more normal 648psf, anyone finding this attractive?

In terms of location Toh Tuck is superior to hillview right? I wonder if there will be a drastic drop in Park Natura and Hillvista prices...hmm...but those are estabished big developers who may not bother.

xtink
27-02-09, 15:00
it's stated from 648psf....those are usually the very big units, prob the penthouse etc... for a normal 2/3br... i easily expect min $700psf...


I had a friend who went down last weekend and was quoted 1000 psf. She thought it was absurd, and now the relaunched prices reflect that. Frankly, I don't understand how the agents who attended to my friend could have in good conscience quoted her the 1000 psf price. Unbelievable. I think property agents have overtaken lawyers as the real sharks. Haha.

magdalene
27-02-09, 16:21
Well.. the Beverly had 1-2 small advertisement back in Nov08 (I think).. my guess is no buyers since I couldn't find the caveat lodged in URA site. So now.. the developer has to lower the price. :)

AK47
27-02-09, 18:31
Average 648psf and starting 648psf is easily a 100psf different.....

Party
27-02-09, 20:37
Heard $648psf is ground floor unit........Normal unit starts fr $750psf....:banghead:

xtink
27-02-09, 22:12
if indeed ard 750psf... would be interesting to see if there can be another success frontpage story on the papers.... and developers would have reason to test 'higher low' in coming projects....

to pay >$750k for a 2-br is expensive in this case for such a location, abeit you have pvt lift to your doorstep.

dtrax
27-02-09, 23:21
I was there this afternoon, almost like ghost town lol.. price is way too high imo. 2rms are at mid $7XXpsf and the penthse is from $648psf.
Nowhere near mrt or any shopping malls and amenities nearby, for 700 plus psf seems to be quite a rip off price at this current market.

eng71503
28-02-09, 15:07
it is priced at S$840psf for blk 5 & 9 mid floor, pool view. Would there be any buyer?

bargain hunter
28-02-09, 16:29
I thought at 648psf average can at least move some units. From 648psf and going up to 800+psf? These prices are too high. Hiap Hoe is still dreaming. Their signature Lewis launched last year already fell flat with zero sales, now still advertise at gimmick price of 648psf. What a letdown.

xtink
28-02-09, 22:55
yes, i went to the showflat to take a look....nice... but the pricing didnt attract me...

they indeed have one unit from $648 psf.. and i was right ==> for the big unit, one the ground floor with a huge patio ... and the unit cost >$2mil...

2 bedders easily cost >900k... thou too huge for a 2-bedders anyway in terms of floor area.

one asked abt the response, and the agent was frank with me... no unit sold yet thou there had been cheques seen (???) wonder what it means

august
01-03-09, 00:15
friend went, said showroom completely crowded ~

stalingrad
02-03-09, 08:53
it's a joke. Most of the space is taken up by bay windows and a huge balcony. If you buy a unit with 1800 plus square feet, the actual living space is about only 1300 square feet.

And they ask for 700-840 psf, equivalent to 1,000 psf for available living space.

Who will buy? not me. No one has bought actually. the developer is too greedy.

august
02-03-09, 14:24
so how was the public response over the wkend?

Windyblue
02-03-09, 14:41
Each private lift serves 2 units. So it's not really private... you need nice opposite neighbours.

And I think it was a mistake to put the showflat within the old condo...my partner didn't have a good impression of the site as he couldn't shake off the awful feeling of being among abandoned buildings.

mr funny
02-03-09, 16:22
http://www.straitstimes.com/Invest/Story/STIStory_344386.html

March 1, 2009

property

Property market starting to stir

Success of two new launches encourages a few developers to release their projects

By Joyce Teo, Property Correspondent

http://www.straitstimes.com/STI/STIMEDIA/image/20090228/ST_SUNTIMES_1_CURRENT_JTLAUNCH.jpg
Over the weekend, 30 units of the 102-unit St Patrick's Residences in St Patrick's Road in the East were launched. The 646-unit Double Bay Residences in Simei should go on sale soon, with prices set at around $650 psf to $680 psf. -- PHOTO: TG DEVELOPMENT PHOTO: UOL GROUP

View more photos (http://www.straitstimes.com/gallery/Invest/Story/STIStory_344386.html)

Thanks to the mini-buzz created by two new successful launches - Caspian in Jurong and Alexis @ Alexandra - a few developers have decided to release their projects for sale.

It is an improvement, even if it is just a slight one, from the very sombre mood a month ago, when market watchers were expecting the lull in the market to continue.

Over the weekend, TG Development launched 30 units of the freehold, 102-unit St Patrick's Residences in St Patrick's Road in the East.

On average, prices start at around $675 per sq ft (psf) for a two-bedroom unit and rise to about $900 psf for a four-bedroom penthouse.

Unit sizes range from 1,152 sq ft for the two-bedroom units to 3,423sqft for the four-bedroom penthouses. Some three-bedroom units can cost just under $1 million.

The interest absorption scheme, which allows buyers - if they take a loan from the start - to defer making any payments beyond the initial down payment until the project is completed, is offered at a 3 per cent premium.

Marketing agent Savills said the condominium offers quality furnishings and fittings usually associated with prime projects, and that a few units have been sold since the preview a week ago.

Near Upper Bukit Timah, Hiap Hoe has launched The Beverly, its 118-unit condo in Toh Tuck Road.

Each unit is served by a private lift. Prices start at $648 psf; the average price is $750 psf. This means that the total price per unit should start from just below $1 million.

Unit sizes range from 1,120 sq ft for the two-bedders to 4,187 sq ft for the four-bedders. There are also double-storey penthouses from 2,099 sq ft to 3,757 sq ft. Hiap Hoe is not offering the interest absorption scheme.

Other projects expected this month include Double Bay Residences in Simei, The Arte in Thomson, Domus in Irrawaddy Road and an 18-storey project in River Valley.

These are in the mass- to mid-market categories that, unlike the high-end segment, are still attracting buyers.

New home sales in January had plunged to a new low as developers and buyers kept to the sidelines.

The two new projects that sold very well about two to three weeks ago - Caspian and Alexis - helped revive the market mood to a certain extent.

The Caspian showflat was packed during the preview, when 300 out of 712 units were sold at average prices starting from $580 psf. So far, more than 500 units have been sold.

The 293 Alexis units were all sold at $950 psf to $1,250 psf, but the absolute prices were reasonable, given that most units are small.

At a results briefing last Thursday, City Developments' Kwek Leng Joo cited the good take-up at the two projects as proof that there is still demand.

'The good response to recent launches is true,' he said.

Still, the stock market and buying sentiment remain weak.

Ms Phylicia Ang, director of Savills Residential, said: 'The affordability threshold is key at this point. In the current market, it is important to price projects at an attractive level to attract buyers.'

The UOL group should start selling the 646-unit Double Bay Residences near the Simei MRT station soon. It declined to give pricing details of the 99-year leasehold condo until the launch, but there is talk that prices will be around $650 psf to $680 psf.

The one-bedders start at 538 sq ft, the two-bedroom units from 915sq ft, while the big units can go up to 3,703 sq ft.

Along Thomson Road, The Arte is expected to be released for preview sale by the middle of the month.

Property agents have advertised the preview of the 336-unit, freehold condo at prices starting at more than $950 psf.

About half of the project, or 164 units, are three-bedroom units from 1,399 sq ft to 1,625 sq ft. Another 100 units are 1,873 sq ft four-bedders.

There are also advertisements for the preview of the 18-storey, 67-unit project in River Valley, which offers the interest absorption scheme. It has mostly small units - 32 are 635 sq ft apartments and 30 are 1,044 sq ft units.

A Chinese developer, Lakeview Developments, may also push out its 104-unit Domus this month.

High-end launches will likely be few and far between this year, as current demand is coming only from owner-occupiers or very small investors, according to a developer.

There should be more mass- to mid-market projects coming up in the next few months. These could include projects like the 99-year leasehold Ascentia Sky next to the Redhill MRT station. It offers two- to four-bedroom units from approximately 1,000 sq ft to 1,800 sq ft.

[email protected]

beverly
05-03-09, 22:16
I was at the pre-launch last friday, a day before the official launch, and the price for a 3 bedder ( not the 3 bedder penthouse with pool ) is 740 psf at best. Developer refused to lower the price. Was told that they en-bloc the place at 480 psf thereabouts, and factoring in construction cost of bet 200-300 psf, no wonder they can't sell lower.
There were cheques submitted but rejected by the developer.
The agent kept asking me to try giving her a cheque for the unit i wanted, citing a 1% discount may be possible .. no way, 1% off is still over 700 psf.

mr funny
09-03-09, 12:38
http://www.straitstimes.com/Money/Story/STIStory_347025.html

March 7, 2009 Saturday

Fairly brisk sales for new condos

Attractive prices draw buyers to entry-level and mid-priced projects

By Fiona Chan, Property Reporter


THE show-flat crowd - that rarest of species these days - has been lured back into the market by two new developments that held soft launches this week.

Hundreds of people turned up at the Double Bay Residences showroom in Simei when its doors opened for a private preview yesterday.

Developer UOL Group said more than 80 units have been sold so far, at an average price of $600 per sq ft (psf) to $650 psf. The development's six retail units have all been sold as well.

Chief operating officer Liam Wee Sin noted that the response was strong ahead of the 99-year leasehold condominium's official launch next weekend.

UOL has so far released 250 of the 646 units in Double Bay for sale. One-bedroom units in the Simei Street 4 project start from $420,000, while four-bedders cost at least $930,000.

The crowds were also out for The Mercury in Shanghai Road, which was said to be more than 60 per cent sold since it started previews on Thursday.

The 67-unit freehold project is priced from about $1,040 psf. One-bedroom units at the River Valley estate start from $740,000, while two-bedders are going for about $1.1 million.

The fairly brisk sales for these projects come on the heels of a few successful launches recently, which appear to have boosted sentiment in the badly battered property market.

Last month, Frasers Centrepoint said it sold over 300 units in three days at its Caspian condominium in Jurong. To date, over 500 of the 712 units have been sold.

Caspian's success was mirrored at The Alexis in Alexandra Road, which sold out within a few days of its preview.

Property consultants say the main draw for these projects is their attractive prices, which, at well under $1 million, are affordable for HDB upgraders. Even mid-tier projects such as The Alexis and The Mercury feature smaller units to offset their higher per square foot prices.

'These days, it looks like the total quantum of price is more important than the price per square foot,' said Knight Frank director of research and consultancy Nicholas Mak. 'In some areas, prices have come down 20 per cent to 30 per cent from the peak, and there are probably people who see these buys as good bargains.'

Still, most of the sales activity are confined to the entry-level and mid-priced market. High-end projects are still facing a very challenging time, consultants say.

And while transactions are being steadily chalked up, there remain clear signs that not everything is fine and dandy in this economic recession.

At The Mercury, for instance, agents marketing the project said they had expected it to be fully sold within one day.

In Toh Tuck Road, off Upper Bukit Timah, boutique developer Hiap Hoe was said to have sold only a handful of units in The Beverly condominium, although news reports said more than 300 people turned up for its launch last weekend.

Hiap Hoe released 31 of the 118 units at an average price of $750 psf. The apartments are a bit bigger than average, starting from 1,120 sq ft for the smallest two-

bedroom units, which translates into somewhat higher prices per unit.

The developer is also not offering the interest absorption scheme for The Beverly, which was on offer for the Caspian and The Alexis and is available for Double Bay and The Mercury.

Under the scheme, buyers who take out a loan immediately on purchase pay only a down payment and defer remaining instalments until the project is finished.

Mr Liam of UOL, however, said more of Double Bay's buyers opted for the normal payment schemes rather than taking up interest absorption.

The buyers so far have been a mixed bag - HDB upgraders, private home owners and owner-occupiers, and investors.

On the whole, the smaller units have proven more popular, he said, underscoring the importance of affordability. But he said an 'encouraging' sign was that buyers were also going for units on higher floors, which are more expensive.

'We are seeing a flight to quality,' he told The Straits Times. 'If the price is within their budget, they will gun for the better units and the higher floors.'

[email protected]

stalingrad
09-03-09, 12:53
Yeah, a handful. Probably, one or two, sold to insane people.

The developer needs to wake up and smell the coffee. There is a recession going on now.

fire
09-03-09, 13:05
I was at the pre-launch last friday, a day before the official launch, and the price for a 3 bedder ( not the 3 bedder penthouse with pool ) is 740 psf at best. Developer refused to lower the price. Was told that they en-bloc the place at 480 psf thereabouts, and factoring in construction cost of bet 200-300 psf, no wonder they can't sell lower.
There were cheques submitted but rejected by the developer.
The agent kept asking me to try giving her a cheque for the unit i wanted, citing a 1% discount may be possible .. no way, 1% off is still over 700 psf.

I was kinda interested in the 4bedroom (3rd level0 Block 21 or 23 (Can't remember all I know is one of the premium blocks) was quoted 833 psf. Thats 1.5million for a unit at Toh Tuck. Maintenance is around S$400.00 per month...so it got me thinking...lets say someone bought the unit, pays a 20% (300k) deposit and secure an 80% loan (3-yrs) from the bank. I calculated that he/she has to pay a monthly deposit around S$4.7k p/m + 400 thats 5.1k. Are Singaporeans that loaded to begin with?

My 2.5cents

stalingrad
11-03-09, 14:02
friend went, said showroom completely crowded ~

completely crowded. Yes, crowed with agents and people who went to see who are the morons that pay that kind of price for that kind of lousy housing.

We visited the showflat on a weekend, and the traffic was so horrible that it took us forever to get out of that area and returned to west coast. Imagine how horrible the traffic will be in that area on a weekday. Heard that the bukit timah area is notorious for bad traffic.

focus
11-03-09, 23:59
I was kinda interested in the 4bedroom (3rd level0 Block 21 or 23 (Can't remember all I know is one of the premium blocks) was quoted 833 psf. Thats 1.5million for a unit at Toh Tuck. Maintenance is around S$400.00 per month...so it got me thinking...lets say someone bought the unit, pays a 20% (300k) deposit and secure an 80% loan (3-yrs) from the bank. I calculated that he/she has to pay a monthly deposit around S$4.7k p/m + 400 thats 5.1k. Are Singaporeans that loaded to begin with?

My 2.5cents

It does seem that a lot of graduate couple household have a combined income of at least $10k monthly (excl. bonus) after 5yrs of work (around 30yrs old).

They might be stretching it at $10k mthly which is around 50% installment payment to income. But I am quoting the min. they get.. most get around $12k and above.. so that reduce it to 40% installment to income ratio.

So , I am sure they are alot of couples who can afford it.. but it is totally dependent on their ability to have a job for 30yrs (and assuming their pay remains stagnant ..which is unlikely since they will move up the ladder).

mr funny
13-03-09, 15:02
http://www.businesstimes.com.sg/sub/companies/story/0,4574,323391,00.html?

Published March 13, 2009

UOL sells 70 more units in Double Bay over weekend

By UMA SHANKARI


UOL Group and Kheng Leong sold about 70 units of their new Simei condominium Double Bay Residences over the past weekend - fewer than what it was aiming for, sources said.

UOL said last Friday after it sold over 80 units on the first day of the project's soft launch that it expected to sell at least 200 units in all by the end of the weekend.

But so far, the developers have sold about 150 apartments in the 646-unit project.

Sources also said that prices are higher than what the developers had previously quoted.

The companies said last Friday that units in the 99-year leasehold development will be sold for $600-650 per square foot (psf). However, BT understands that most of the units sold so far are either smaller apartments, and/or apartments on the higher floors - which means that they were sold for higher than average prices. For example, a one-bedroom apartment in the development sold for more than $800 psf, BT understands.

UOL and Kheng Leong released 250 units during the soft launch over the weekend, and hundreds of people turned up at the showroom in Simei. The project will be officially launched on Saturday.

One market observer said that the two developers could be pricing units higher to ensure a respectable profit margin. UOL and Kheng Leong paid some $296 psf per plot ratio for the site in January 2008.

Elsewhere, boutique developer Hiap Hoe Group has sold just a few units of its 118-unit The Beverly at Toh Tuck Road since the project was soft-launched at the end of February.

The units sold for an average price of $730-$740 psf, BT understands. Hiap Hoe released just 31 units in the project, and is aiming to sell enough homes to start construction.

jonleelk
17-04-09, 10:51
With D5 FH (Carabelle, Botannia, etc...) recently all increased to $700++psf...I wonder why The Beverly still looks unattractive? :beats-me-man:

Personally, I don't like the feeling of Beverly also...the deserted old units should be demolished first.

proud owner
17-04-09, 10:54
With D5 FH (Carabelle, Botannia, etc...) recently all increased to $700++psf...I wonder why The Beverly still looks unattractive? :beats-me-man:

Personally, I don't like the feeling of Beverly also...the deserted old units should be demolished first.

where is BEVERLY ?

august
17-04-09, 11:55
where is BEVERLY ?

toh tuck ....

franzmark
17-04-09, 12:03
i was wondering since beverly is on a hill, why dont they call it beverly hills? maybe the project not luxurious enough to be called beverly hills.

proud owner
17-04-09, 13:14
toh tuck ....

if it is not so popular i would get its the location ...

toh tuck is not convenient even for drivers ... jam jam jam

stalingrad
17-04-09, 13:17
if it is not so popular i would get its the location ...

toh tuck is not convenient even for drivers ... jam jam jam

a grand total of 4 units have been sold after launch. joke of the century. after advertisements on ST. day after day.

franzmark
17-04-09, 14:12
where did you get the info? i am not surprised coz the developer did not downsize the units and the cheapest one in the development is at least 900k. most units are going for above 1 mil so who would want to buy a 1 mil property in d21 when they can get a 1 mil property in better districts near town.



a grand total of 4 units have been sold after launch. joke of the century. after advertisements on ST. day after day.

proud owner
17-04-09, 14:17
where did you get the info? i am not surprised coz the developer did not downsize the units and the cheapest one in the development is at least 900k. most units are going for above 1 mil so who would want to buy a 1 mil property in d21 when they can get a 1 mil property in better districts near town.

aiyo ...

in order to sell below 1 mio ...they have to build pigoen hole ... where got demand for such unit in those areas ?

if all developers does that .. we wil have ntg but studio units eveywhere ...

cannot lah ... it works for some area ..but not others ...

franzmark
17-04-09, 14:36
chicken coops are sprouting up everywhere even in jurong (caspian). I think developer for beverly did not do enuf homework.


aiyo ...

in order to sell below 1 mio ...they have to build pigoen hole ... where got demand for such unit in those areas ?

if all developers does that .. we wil have ntg but studio units eveywhere ...

cannot lah ... it works for some area ..but not others ...

stalingrad
17-04-09, 15:03
where did you get the info? i am not surprised coz the developer did not downsize the units and the cheapest one in the development is at least 900k. most units are going for above 1 mil so who would want to buy a 1 mil property in d21 when they can get a 1 mil property in better districts near town.

Just check the URA website. You will find how many units have been launched at each condo, and how many sold. I am not an agent, and I use public information.

cheerful
17-04-09, 17:32
Yup it's four under 'sold' .. at 755 739 823 (755 being the median)

Think the school-box aka chicken-coup aka mickey-mouse aka barbie-doll unit size may work for some prime areas but not nec for all bah ... some pp going all the way to toh tuck may juz want some peace (else why pay 823psf??) ....
:2cents:

beverly
20-04-09, 09:03
With D5 FH (Carabelle, Botannia, etc...) recently all increased to $700++psf...I wonder why The Beverly still looks unattractive? :beats-me-man:

Personally, I don't like the feeling of Beverly also...the deserted old units should be demolished first.

I believe Carabelle is more for the rental market, I have a collegue who is buying that for renting out purposes.

One of the minus point about beverly is that it is 2 bus stop away from the main road - the first bus stop is near Green Lodge (after high oaks), and the next is the bus stop in front of beverly. Which means, it is still some distance to the future MRT, unlike what is claimed in the ST advertisement.

Told hubby that I am not keen on Beverly anymore in that case, given that only 10% sold and I doubt the price will drop furthre given that the en bloc price was already 480 psf plus factoring in construction cost of 200-300 psf it's hard for them to lower the price unless they take a huge cut in profit margin or sell at loss ??

franzmark
20-04-09, 13:11
it is walkable to the main road frm beverly but i do not like the triangular shape of the entire project. The area is however very peaceful and conditioned for family living. With Pei Hwa and the Canadian Intl school and other amenities nearby, it is not a bad investment.
I believe Carabelle is more for the rental market, I have a collegue who is buying that for renting out purposes.

One of the minus point about beverly is that it is 2 bus stop away from the main road - the first bus stop is near Green Lodge (after high oaks), and the next is the bus stop in front of beverly. Which means, it is still some distance to the future MRT, unlike what is claimed in the ST advertisement.

Told hubby that I am not keen on Beverly anymore in that case, given that only 10% sold and I doubt the price will drop furthre given that the en bloc price was already 480 psf plus factoring in construction cost of 200-300 psf it's hard for them to lower the price unless they take a huge cut in profit margin or sell at loss ??

stalingrad
20-04-09, 13:31
it is walkable to the main road frm beverly but i do not like the triangular shape of the entire project. The area is however very peaceful and conditioned for family living. With Pei Hwa and the Canadian Intl school and other amenities nearby, it is not a bad investment.

Canadian school is moving away soon. The move was originally planned for August this year, but has been delayed because of the construction delay for its new campus in jurong east. But it will be moved within one year.

Autonomy
20-04-09, 16:58
Canadian school is moving away soon. The move was originally planned for August this year, but has been delayed because of the construction delay for its new campus in jurong east. But it will be moved within one year.

I think the new campus is at jurong west, next to Lakeshore.

proud owner
20-04-09, 17:02
I think the new campus is at jurong west, next to Lakeshore.

so lets all chiong to west side ...

then hor ... if expats move to west becos of canadian school ..then those who purchase tiny units like caspian ..rent to who ??

better buy penthouse with at least 4 bedrooms ..

if expat cant find those in Jurong..they will buy west coast in dist 5

Snail
08-05-09, 12:17
I think the new campus is at jurong west, next to Lakeshore.

Yes it's next to Lakeshore but still a flat piece of dirt, like construction has stopped.

CS were supposed to move this year, then planned for next year but i don't see how anybody can build a whole school from the ground up in one year.

Once CS moves, then their old ground in Toh Tuck will surely be built on.

proud owner
08-05-09, 12:33
Yes it's next to Lakeshore but still a flat piece of dirt, like construction has stopped.

CS were supposed to move this year, then planned for next year but i don't see how anybody can build a whole school from the ground up in one year.

Once CS moves, then their old ground in Toh Tuck will surely be built on.

cebtral to east are getting ready congested ...west is still unexplored ..

novel
08-05-09, 23:58
i visited the showroom recently too and yes really dun like the feeling of the old places not fully take down yet...look so eery :P

anyway, this place is out for me as it is quite inconvenient IMO

Cactus72
09-05-09, 11:22
Went to the show room abt 1 mth ago too...didn't like the big balcony, inconvenience and the psf....overall, i will not consider buying at all..

Regulators
09-05-09, 11:24
big balcony open to unobstructed greenery view is okay, but big balcony open to the noisy swimming pool or main road is ridiculous..



Went to the show room abt 1 mth ago too...didn't like the big balcony, inconvenience and the psf....overall, i will not consider buying at all..

beverly
28-05-09, 10:30
it is walkable to the main road frm beverly but i do not like the triangular shape of the entire project. The area is however very peaceful and conditioned for family living. With Pei Hwa and the Canadian Intl school and other amenities nearby, it is not a bad investment.

Didn't notice the triangular shape of the project , you mean the land was triangular ? Is it bad ? I mean, if the land itself is triangular, there was Goodluck garden sitting on it for last 15-20 yrs.

Saw the price drop a little, $720 psf for a 15++ sq ft.

HCL
28-05-09, 11:19
Didn't notice the triangular shape of the project , you mean the land was triangular ? Is it bad ? I mean, if the land itself is triangular, there was Goodluck garden sitting on it for last 15-20 yrs.

Saw the price drop a little, $720 psf for a 15++ sq ft.

I was in the showroom one month ago. There was a special promotion unit quoted $740 / SQF. Other units pricing ranges were above $800. With a plot ratio just 1.4, $740/sqf is quite attractive. However, the whole development looks crowed, one of the reasons could be the triangular shape. It makes some units so close to each other. There is no tennis court and short of garden space. My wife quite like the space of the bed rooms but find it a bit far remote. The agent told us is about 10 mins to future MRT station at Beautworld but i did a search of interest, the straight line distance is around 1km or around 20 mins walk.

beverly
28-05-09, 11:33
I was in the showroom one month ago. There was a special promotion unit quoted $740 / SQF. Other units pricing ranges were above $800. With a plot ratio just 1.4, $740/sqf is quite attractive. However, the whole development looks crowed, one of the reasons could be the triangular shape. It makes some units so close to each other. There is no tennis court and short of garden space. My wife quite like the space of the bed rooms but find it a bit far remote. The agent told us is about 10 mins to future MRT station at Beautworld but i did a search of interest, the straight line distance is around 1km or around 20 mins walk.

the price i was given when they did a soft launch was 760 psf for a 13xx size.
I like the space and the dry /wet kitchen concept. Maintenance is 380 i think. It is 2 bus stops away from the main road where high oak sits. first bus stop is located at greenlodge. not sure how long it takes to walk to the main road, but i will think not less than 5 mins. and from the main road to beauty world mrt, another 5 mins at least. 10 mins sounds about right.

whoh757
05-06-09, 23:21
My 2cents worth

Was at the showroom when first launched... key thing that strikes me and wife is triangle site. we are not comfortable with it.. along with the price quoted then as well.

Regulators
05-06-09, 23:53
i think this project si kiao kiao one. i believe many buyers are buying for own stay, investment forget it....

cheerful
06-06-09, 11:55
ura site still only showing those 4 caveats lodged in record (but cumulative sales to date is 8 wor) .... still .... :tsk-tsk:

stalingrad
12-06-09, 15:17
i think this project si kiao kiao one. i believe many buyers are buying for own stay, investment forget it....

another project that is si kiao kiao is the peak@belmeg. very few are buying.

beverly
12-06-09, 16:39
I thot the peak is selling well ? Price is high 9xx psf.

jonleelk
15-06-09, 13:23
Based on URA's latest records for new projects, Beverly sold 26 units in May, ranging from $715-$872 psf. All 34 units launched till date are sold! :scared-1:

cheerful
15-06-09, 14:15
Based on URA's latest records for new projects, Beverly sold 26 units in May, ranging from $715-$872 psf. All 34 units launched till date are sold! :scared-1:

Yah scary mannn ... saw the total sales plus this one .. WOW!

Regulators
15-06-09, 15:30
residents at balmeg can visit 18 gates of hell as leisure pastime. Really a smack head project
another project that is si kiao kiao is the peak@belmeg. very few are buying.

badzman
09-08-09, 23:17
what's the price for the 2 bedders?

Cactus72
25-10-09, 11:21
Yah scary mannn ... saw the total sales plus this one .. WOW!
Not bad siah, URA website shows 88 units launched to-date, 78 units sold with remaining 10units! But with these 10 units, total units yet to sell is 30 out of 118 units for this project.

Latest PSF was S$888 in Oct 09! :doh:

Reporter
25-10-09, 21:01
Private Residential Units Sold in the Month of July 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
The Beverly ....... RCR ........ 66 ........................... 12 ............................... 921 ............... 900 ................ 745


Private Residential Units Sold in the Month of August 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
The Beverly ....... RCR ........ 77 ........................... 11 ............................... 969 ............... 890 ................ 666


Private Residential Units Sold in the Month of September 2009

Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
The Beverly ....... RCR ........ 78 ............................ 1 ................................ 908 ............... 908 ................ 908
October has a $888 psf transaction? Any more?

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10-01-13, 11:48
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