sounds like a great effort! :)
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actually I will be surprised. If at least 1.8m, like in clermont, will they be confident that they can sell the 1000 units? that only happens in superbull market with zero CMs. The quantum for a large size project is important.
Dleedon is an example.
If they follow Duo 900k to ave 1.1-1.3m studio/1bedder units, will be a sellout. Probably won't happen again.
Marina One is at a different league to DUO and developers already made it very clear that M1 will be a luxury urban concept, which will set a new standard. You just need to look at the type of anchor tenants occupying the office building around Marina Bay to those at Rochor Bugis area.
I wont be surprise if Temasek will occupy the top few floors of the commercial block.
And since developers are so cash rich, I am sure they will be in no hurry to off load at cheap price, or else, lose face leh.
I am sure it will not be duo pricing.... will be 20% higher but still sell out, coz the will provide price it from lowest 2.2k to 2.8k psf, sure sell out, coz clermont is 3k Psf and south beach is 3.5k psf
I think 1.5m entry after what sunboy said.
Lol... I also confuse to buy or not. Every few months Gov come out new CM.
I didn't buy Duo because I am already vested opposite.
I am very interested in OM and will buy if ~1.3m but based on Sunboy comment of higher quantum I think need to think twice.
Still must reserve some bullet for the rebuilding works so really depends on quantum lor.
Let say start from 600sqfeet and from 2200pfs, $1.3m is possible.
Maybe the same strategy will be used, build up expectation of a super high price and quantum but on actual launch day, quantum and prices much lower than expected and everyone will choing.
While everyone agrees that this one will be launched much higher than DUO. remember for DUo the market expectation was starting from 2000pfs and above but at launch acutal prices 1600pfs and above and suddenly all the low and mid floors ones looked so relatively cheap for a high quality development.
next door, those >1000sqft units are already selling at >2200psf to 3xxx psf in the resale market. How is it possible for this new launch; a project that comes with a price tag of $7b be sold at lower price? $2200psf for studio?
I would say if you dont have $1.8m budget, better look else where.
Haha Straits Times today just reported MO going at likely "$2,800 - $3,000 psf".
If we are referring to AVERAGE prices, I don't think it will be this high. But really, not far off la.
I think you should invest in property quickly as the prices of property tends to go higher in near future.
Clermont location is not as hip as Marina One and if you look at the tenant profile at the new marina bay area vs TP, you will be able to see why Marina Bay will command a higher premium. The same reason why Marina Bay Residence is selling above $3000psf while those in TP are only hovering around 2k+
Like I said before, once the road around Marina Bay area are realign Marina One site will become the heart of the new CBD. This is a very rare site, and justifiable to be sold at premium. Whether buyer makes money after that, its not really relevant to those who can afford it.
Agreed with R33's comparison of Marina Bay vs Tanjong Pagar. Both are not on the same rung of the ladder.
My guess is psf starting 2500-2600 for the MMs. From following latest v on Shenton transactions, much higher premiums hard to justify, given the relatively near proximity.
V ON SHENTON SHENTON WAY Apartment 01 CCR 99 yrs lease commencing from 2011 1 1,542,000 721 Strata 06 to 10 2,138 Feb-14
V ON SHENTON SHENTON WAY Apartment 01 CCR 99 yrs lease commencing from 2011 1 1,157,000 484 Strata 06 to 10 2,389 Jan-14
V ON SHENTON SHENTON WAY Apartment 01 CCR 99 yrs lease commencing from 2011 1 3,208,800 1,528 Strata 46 to 50 2,099 Jan-14
V ON SHENTON SHENTON WAY Apartment 01 CCR 99 yrs lease commencing from 2011 1 2,731,000 1,528 Strata 06 to 10 1,787 Dec-13
V ON SHENTON SHENTON WAY Apartment 01 CCR 99 yrs lease commencing from 2011 1 1,039,000 474 Strata 06 to 10 2,194 Dec-13
V ON SHENTON SHENTON WAY Apartment 01 CCR 99 yrs lease commencing from 2011 1 1,043,000 474 Strata 06 to 10 2,202 Dec-13
V ON SHENTON SHENTON WAY Apartment 01 CCR 99 yrs lease commencing from 2011 1 2,739,000 1,528 Strata 06 to 10 1,792 Nov-13
V ON SHENTON SHENTON WAY Apartment 01 CCR 99 yrs lease commencing from 2011 1 1,172,000 484 Strata 06 to 10 2,420 Nov-13
VOS is a condo, Marina One is a $7b integrate project consisting of 2 grade A commercial office block, retail F&B and residential project with green landscaping and direct access to MRT stations right in the heart of new CBD.
Sure it will have to command a premium over VOS.
Von and Clermont is not even close to the prestige and connectivity and the real integrated development concept....
So easily 20 to 30 percent higher than these two development.
If base on duo exp, they say release at 2000 psf, and it indeed re all close at 2000 psf....
So MO let's say it's 2800 psf, it means low floor will be 2300 psf and mid to high floor 3000 psf
got this from SSC
the marina one site is huge
http://i247.photobucket.com/albums/g...c/IMG_3070.jpg