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Thread: Caribbean At Keppel Bay (D4, 99-year Leasehold, by Keppel Land)

  1. #61

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    Now sellers are asking 1200psf for 2 bedrm units, damn!

  2. #62

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    Based on the run-up of Genting share price (2x from 6 months ago), there is a lot of renewed optimism about the Sentosa casino development.

    Pricing of the Carribbean and Refelections could continue to rise as a result. I believe the mainland side is a better proposition than the island itself for reasons of convenience as access to the casino is comparable (e.g. Azure, Oceanfront and Carribbean are 10 minutes away from the casino) while access to anywhere else on the mainland is faster (e.g. 15 minutes to Orchard vs 30 minutes from Azure). Its a big consideration for families.

    On one posters comment that lifts are in GFA, there are many tricks used by developers but this is not one of them. Lifts are included in GFA of the development, but not of the unit. This applies to all condominiums in Singapore with private lifts.

    Wheelock is praised by those in the building trade as there are one developer that does not resort to such "efficiency" tricks, and CDL and FEO are notorious for it. (This is a side comment, as Carribbean is developed by Keppel Land)
    Last edited by 8kenshin; 1st June 2009 at 07:48 PM.

  3. #63

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    This is what I was referring to with the above post.

    From UOB KAY HIAN RESERACH 3 June 2009:

    Property developers have more upside. In Macau's case, residential
    property prices shot up before the opening of Sandsí casinos and rose further by 30% within the first 18 months after the opening of the casinos.

    We expect foreign buyers to return to the Singapore residential property market. Property developers with a high exposure to this segment will benefit. Although property stocks are more than double their March lows, the property sector still offers 39% upside to its long-term P/B mean. We remain BUYers of property stocks. Our top picks are City Developments (CIT SP/BUY/Target: S$10.90) and Allgreen Properties (AG SP/BUY/Target: S$1.30)

  4. #64

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    Quote Originally Posted by 8kenshin
    On one posters comment that lifts are in GFA, there are many tricks used by developers but this is not one of them. Lifts are included in GFA of the development, but not of the unit. This applies to all condominiums in Singapore with private lifts.
    I thank you for your remark, I have to admit that i have never seen the actual floor plan and the sales sqft of the units in carribean. However, unless you can confirm that the sqft per unit does not include the private lift in the carribean, it still means that developers are basically selling you space that couldn't not be sold under normal circumstance.

    also note that my previous comments was not referring to Carribean, but projects with private lifts in general.

    thanks and cheers

  5. #65

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    Quote Originally Posted by pweesng
    I thank you for your remark, I have to admit that i have never seen the actual floor plan and the sales sqft of the units in carribean. However, unless you can confirm that the sqft per unit does not include the private lift in the carribean, it still means that developers are basically selling you space that couldn't not be sold under normal circumstance.

    also note that my previous comments was not referring to Carribean, but projects with private lifts in general.

    thanks and cheers
    Hi pweesng

    Thanks for your reply. It's an important point and perhaps someome here could clarify whether lifts are included in the unit floor area? I imagine private lift lobbbies are.

    My comment that this is not a developers scam referred to lifts and lift lobby areas being in the developers GFA. As far as I know, there is no GFA concession on these, so developers are free to sell this as unit space if they wanted.

    This contrasts to balconies and planter boxes, where deveopers were able to get "bonus" GFA for installing them until recently.

    Perahps someone with an architectual background could enlighten?

  6. #66

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    Quote Originally Posted by 8kenshin
    Hi pweesng

    My comment that this is not a developers scam referred to lifts and lift lobby areas being in the developers GFA. As far as I know, there is no GFA concession on these, so developers are free to sell this as unit space if they wanted.
    this is exactly what i mean. Under normal circumstances, would you pay for the space outside your lift that you probably will have no use for? If it is a private lift lobby, i would be paying for those space.

    If there are not private lift lobbies, the developers will have to construct a common lift lobby and a corridor leading to your unit. Those space i don't have to pay at all.

    That is why i am not very keen on private lift lobbys.

    But your point with planters and balcony is a valid point. I don't care about planters, but i am a real sucker for PES and Balconies... especially big ones.. unfortuantely... ha aha

  7. #67

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    Quote Originally Posted by Junction
    Now sellers are asking 1200psf for 2 bedrm units, damn!
    Was inform a 2Bedroom 893sf was sold last Thurs at 1280psf. More seller is asking higher px now.

    Not sure if buyers is comparing with Reflections where the lowest cost 2 Bedroom was sold a $1.5mil back then, hence making Caribbean appears reasonable if selling at 1.2mil.

    Just guessing....

  8. #68

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    Was told 1066 2 bdr sold at 1090psf on Sat.

    Neg still going on on 15-03 1894sqft at 920psf.

    Crazy price coming from sellers on 3 &2 bdr but 4bdr & bigger units seem quiet on offer.

    Any way will let the tide to come down in 3 mths. Then go for bargain hunting.

    Rental market have just being slap again this month in residence unit.

  9. #69
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    Is it worth buying a old 99LH in Vivo since that area has a lot of land that can be redeveloped unlike those in sail and mbr.

  10. #70

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    Quote Originally Posted by focus
    Is it worth buying a old 99LH in Vivo since that area has a lot of land that can be redeveloped unlike those in sail and mbr.
    IMO, caribbean is unique in its own way.

    1) Many water feature and relatively strong moat - the water channel from ex-dry dock

    2) land span of the condo is large

    3) at city fringe

    4) south ridge walk, mt faber, keppel marina

    Even is older, will buy if price is right as it still attractive for to potential tenants.

    Believe any new condo in this area tends to be more expensive.

  11. #71

    Default Looking for a unit

    My friend is looking for a unit in the Carribean - please PM me if you are keen to sell, but no agents please. Flat owner only. Thanks!

  12. #72

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    Quote Originally Posted by flxcat
    IMO, caribbean is unique in its own way.

    1) Many water feature and relatively strong moat - the water channel from ex-dry dock

    2) land span of the condo is large

    3) at city fringe

    4) south ridge walk, mt faber, keppel marina

    Even is older, will buy if price is right as it still attractive for to potential tenants.

    Believe any new condo in this area tends to be more expensive.
    Went down to visit a friend staying at this wonderful development. I was stunned to find that Caribbean was already 10years old. It is still very well maintained inside and very classy. The view just awesome.....spectacular. The pools inside are big- larger than most....and a distinctive feature to separate it from other projects. And the unit I visited was on the low floor of 4th storey only...one can only imagine how beautiful the higher level floor got to view Keppel Bay.

    For those that says private lifts generate dust, I do not find it so. The unit I visited was very clean and as a matter of fact, the private lift make it so exclusive. Visitors will only be able to access basement carpark and at most level 1 groundfloor units using the private lift. The owner has to send the private lift down to bring visitors up. And walking out of the lift lobby one will automatically be in the living room...that is so special feel. For those that only want to pay for "livable" space, they will not be able to appreciate the kind of lifestyle at Caribbean.

    I would think this development is very attractive not just for living but also for investment as it has very good location...being so near Vivo and Harbourfront as well as easy access to public transport. It would be easy to rent out to Expatriates (saw a lot of them during my visit)...the view offered by Caribbean is simply awesome. And just to add on, one should try to look out the view offered by Keppel Bay at around 6pm to 6.30pm....indescribably splendid and beautiful. The land parcel is also gigantic. Try walking around the whole Caribbean.

  13. #73

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    Despite being 10 yr old, think this classy one should worth alot more than A Sky ... lol

  14. #74

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    Quote Originally Posted by cheerful
    Despite being 10 yr old, think this classy one should worth alot more than A Sky ... lol
    Once the promenade walkway is up n ready it will be much more attractive can walk to vivo along the water front. But have to wait till reflection n the parcel of cluster houses between harbour front mall n caribbean is ready. Being LH n older by then the price hopefully may become more affordable. Just my wild dream as may not come thru. As of now paying 1350 i will go for caribbean then AS for caribbean potential.

  15. #75
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    Quote Originally Posted by flxcat
    Once the promenade walkway is up n ready it will be much more attractive can walk to vivo along the water front. But have to wait till reflection n the parcel of cluster houses between harbour front mall n caribbean is ready. Being LH n older by then the price hopefully may become more affordable. Just my wild dream as may not come thru. As of now paying 1350 i will go for caribbean then AS for caribbean potential.
    There's cluster houses between the mall and carribean? Is that a new development?

  16. #76

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    Quote Originally Posted by focus
    There's cluster houses between the mall and carribean? Is that a new development?
    Is another development by keppel. My understanding is should be 2 to 3 storeys landed houses spanning across the kings dock. Hope the use of cluster houses is correct. Anybody have further info do share.

  17. #77

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    Quote Originally Posted by flxcat
    Was inform a 2Bedroom 893sf was sold last Thurs at 1280psf. More seller is asking higher px now.

    Not sure if buyers is comparing with Reflections where the lowest cost 2 Bedroom was sold a $1.5mil back then, hence making Caribbean appears reasonable if selling at 1.2mil.

    Just guessing....
    Wow finally the caveat is lodged for the above 2bedroom unit transacted at $1287psf, hope it does not follow the trend like some newer projects and raise to $1400psf. Hope to buy a unit in this project. sigh....

  18. #78

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    Quote Originally Posted by flxcat
    Wow finally the caveat is lodged for the above 2bedroom unit transacted at $1287psf, hope it does not follow the trend like some newer projects and raise to $1400psf. Hope to buy a unit in this project. sigh....
    I went to see Caribbean last weekends and the agent told me that there are some units already transacted between $1300psf to $1400psf last week. Most of owner are asking for $1400psf to $1600psf now.

  19. #79

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    The developer is offloading some of their service apartment at Caribbean now. It is quite a good offers because it comes with furniture and 10 yrs free Marina Bay membership.

    They are releasing a few units at each time so that they can raise the price level at Caribbean for Reflection to relaunch again before the IR open next year.

    I thought their current offer price of around $1400psf is still reasonable compare to current mass market leasehold project.

    What do you think about buying a unit now?

  20. #80
    Join Date
    Dec 2008
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    3,678

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    Quote Originally Posted by dormer
    The developer is offloading some of their service apartment at Caribbean now. It is quite a good offers because it comes with furniture and 10 yrs free Marina Bay membership.

    They are releasing a few units at each time so that they can raise the price level at Caribbean for Reflection to relaunch again before the IR open next year.

    I thought their current offer price of around $1400psf is still reasonable compare to current mass market leasehold project.

    What do you think about buying a unit now?
    get resale likely can get cheaper than the 1.4k psf from developer

    buy for investment? rental yield is a major concern
    for own stay own self happy can liao

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