Boathouse Residence

[ysyap]

What do you mean? Circle line goes to town also ma, in fact to so many different parts of town.

Agreed. I wrote 'not going to town only'...

[2824]

Agreed. I wrote 'not going to town only'...

One reason why developer could be anxious to launch this is because the site next to austville residences for private condo looks like they might be able to do a year end launch. Both sites are comparable in terms of location, views and amenties. and should be thereabout in terms of pricing. Thus if boathouse launch first they might have some first mover advantage at least.

[ysyap]

One reason why developer could be anxious to launch this is because the site next to austville residences for private condo looks like they might be able to do a year end launch. Both sites are comparable in terms of location, views and amenties. and should be thereabout in terms of pricing. Thus if boathouse launch first they might have some first mover advantage at least.

Agreed. They launch earlier to catch some fishes first before the Keppel launch plus this site beside Austville. This area will be met with a sudden surge of supply. Only the early birds catches the worm. Also, once interest rates climb in the years ahead, their pool of potential buyers will be further reduced. Everything is about timing plus packaging.

[2824]

Agreed. They launch earlier to catch some fishes first before the Keppel launch plus this site beside Austville. This area will be met with a sudden surge of supply. Only the early birds catches the worm. Also, once interest rates climb in the years ahead, their pool of potential buyers will be further reduced. Everything is about timing plus packaging.

The keppel launch is near an mrt site, think it's target market is slightly different. But this boat house can launch first, and when there will be some put off by the pricing of the keppel one they can turn away and still catch this boat.

Just like this other mega launch in D19, when another condo launch at lorong chuan, i noticed their sign board extended all the way there. and then recently when another launched at Hougang, they also had their signboards extend all the way there.

[ysyap]

The keppel launch is near an mrt site, think it's target market is slightly different. But this boat house can launch first, and when there will be some put off by the pricing of the keppel one they can turn away and still catch this boat.

Just like this other mega launch in D19, when another condo launch at lorong chuan, i noticed their sign board extended all the way there. and then recently when another launched at Hougang, they also had their signboards extend all the way there.

All in the name to spread out their catch.

[solsys]

One reason why developer could be anxious to launch this is because the site next to austville residences for private condo looks like they might be able to do a year end launch. Both sites are comparable in terms of location, views and amenties. and should be thereabout in terms of pricing. Thus if boathouse launch first they might have some first mover advantage at least.

The other site should have better views I think.

[solsys]

Sengkang fever running amok..... abit over the top liaoz in my opinion.

Should have more amenities, markets, makan places etc.... to make the current valuation worth it.

[2824]

Sengkang fever running amok..... abit over the top liaoz in my opinion.

Should have more amenities, markets, makan places etc.... to make the current valuation worth it.

Definitely a lack of amenties at sengkang, rivervale side rushing to build condos, fernvale & anchorvale side building BTOs like no tomorrow.

[ysyap]

Definitely a lack of amenties at sengkang, rivervale side rushing to build condos, fernvale & anchorvale side building BTOs like no tomorrow.

Well for the simple reason that you cannot build like there's no tomorrow for towns that are already saturated, like Toa Payoh and AMK so Seng Kang and Punggol lor... Yes I agree that more amenities should be injected into these new towns with rising number of residential projects. Make it a satellite town or something to attract buyers. Anyway, at the rate buildings are springing up in these estates, population will grow and prices will naturally climb when more people want to stay here because of relatives, etc. But that will probably take another 10 years to stabilize!

[azeoprop]

I think the site beside this boathouse is for EC, there is a "Land for Sale" signboard over there.

Also that "riverside living" bto thing like doing construction liao.

[linchong84]

One reason why developer could be anxious to launch this is because the site next to austville residences for private condo looks like they might be able to do a year end launch. Both sites are comparable in terms of location, views and amenties. and should be thereabout in terms of pricing. Thus if boathouse launch first they might have some first mover advantage at least.

I beg to differ.. Boathouse has no views at all as it'll be surrounded by residential, but the qingdao site has serangoon reservoir and sunggei pinang views on 2 sides.. Boathouse dun have lrt but the qingdao site has lrt.. Boathouse has no amenities plaza/shopping centre but the qingdao site has a plaza within walkable distance..

So they are not really 'comparable'.. This boathouse site is simply one of the worst site ever so feo needs to quickly get it off its books.. I wonder why had they bother to bid for this kind of mediocre site in the first place..

[azeoprop]

I beg to differ.. Boathouse has no views at all as it'll be surrounded by residential, but the qingdao site has serangoon reservoir and sunggei pinang views on 2 sides.. Boathouse dun have lrt but the qingdao site has lrt.. Boathouse has no amenities plaza/shopping centre but the qingdao site has a plaza within walkable distance..

So they are not really 'comparable'.. This boathouse site is simply one of the worst site ever so feo needs to quickly get it off its books.. I wonder why had they bother to bid for this kind of mediocre site in the first place..

Because if they priced it right, there will still be tonnes of upgraders snatching the units like no tomorrow.

Just like 8cy, around 750-850psf the lowest psf new launch, also selling well in today's context.

[2824]

I beg to differ.. Boathouse has no views at all as it'll be surrounded by residential, but the qingdao site has serangoon reservoir and sunggei pinang views on 2 sides.. Boathouse dun have lrt but the qingdao site has lrt.. Boathouse has no amenities plaza/shopping centre but the qingdao site has a plaza within walkable distance..

So they are not really 'comparable'.. This boathouse site is simply one of the worst site ever so feo needs to quickly get it off its books.. I wonder why had they bother to bid for this kind of mediocre site in the first place..

So if boathouse really so bad even more they better launch b4 the qingdao site orelse they really stand no chance when the later site is launched.

[linchong84]

So if boathouse really so bad even more they better launch b4 the qingdao site orelse they really stand no chance when the later site is launched.

So this boathouse price becomes critical already as it is the lousiest of all.. If it is 900psf avg and managed to sell, it will set a new benchmark for sengkang as all the other sites should sell at higher prices due to location, views or amenities..

[kingkong1984]

Because if they priced it right, there will still be tonnes of upgraders snatching the units like no tomorrow.

Just like 8cy, around 750-850psf the lowest psf new launch, also selling well in today's context.

8 cy not to bad lah.... got MRT lottery...

this boat is a sinking boat... the waves is going to block all views.

[linchong84]

8CY, seastrand, boathouse.. All 3 same developer (feo, fcl)..

All 3 lousiest sites this year (NON-MRT in outskirt OCR with NO views)

Why feo and fcl like to joint bid for lousiest site? Profit margin quite low isn't it.. Worth it meh..

[ysyap]

8CY, seastrand, boathouse.. All 3 same developer (feo, fcl)..

All 3 lousiest sites this year (NON-MRT in outskirt OCR with NO views)

Why feo and fcl like to joint bid for lousiest site? Profit margin quite low isn't it.. Worth it meh..

Nothing strange. Its precisely such land parcels that big players want to diversify their risks. Also those smaller players need to borrow the names of these big boys to lend support to the sales of that project. Win win for both!

[iwantgizmos]

Nothing strange. Its precisely such land parcels that big players want to diversify their risks. Also those smaller players need to borrow the names of these big boys to lend support to the sales of that project. Win win for both!

True that. This is a marketing strategy called diversification. It's also a form of risk management I would say. As the saying goes, don;t put all eggs in one basket.

Big players don't just focus on one District/area or a specific target audience. This also plays an advantage to them as in; to have the name (branding) penetrate various markets opportunities.

Just look at Apple as example, they have iPod (e.g nano/touch/classic/shuffle) for various people to suit their different lifestyles. That's why they are the main players in portable music devices.

It's "Marketing 101".

[ysyap]

VVIP preview this weekend... hmmm... wonder how the take up will be like?

[azeoprop]

VVIP preview this weekend... hmmm... wonder how the take up will be like?

Actually it starts tomorrow at 5.30pm for those who submitted cheques.

[ysyap]

Actually it starts tomorrow at 5.30pm for those who submitted cheques.

So u going tomorrow evening?

[azeoprop]

So u going tomorrow evening?

Maybe, see what is the base price for the ultimate ulu cmi location.

[azeoprop]

Download latest floorplan here:
http://www.theboathouseresidences.com/floor-plans.html

[ysyap]

Maybe, see what is the base price for the ultimate ulu cmi location.

Good idea. Do share what the base price is! So what psf justifies this cmi location?

[rockinsg]

Good idea. Do share what the base price is! So what psf justifies this cmi location?

Are they still gonna do preview after yesterday's US markets performance? Very brave.

I thought developers gonna close showrooms for a while.

[kingkong1984]

Are they still gonna do preview after yesterday's US markets performance? Very brave.

I thought developers gonna close showrooms for a while.

better do it fast. The perfect storm is coming.

[mantrix]

better do it fast. The perfect storm is coming.

Many singaporeans tend to be rather myopic...

[azeoprop]

Haa haa STI dropped more than 3.5% so far....will they still proceed with their preview? If yes they better price the preview wisely....

700psf

[rockinsg]

Haa haa STI dropped more than 3.5% so far....will they still proceed with their preview? If yes they better price the preview wisely....

700psf

Nah, think 850psf will still work....cause SG is immume to Global crisis
Buy fast before SG run out of land soon .. and SG property can never go down

[ysyap]

Haa haa STI dropped more than 3.5% so far....will they still proceed with their preview? If yes they better price the preview wisely....

700psf

Developer will just rush in the grab potential buyers who are still ignorant of the global economic atmosphere. They probably will still launch at 800+ psf if anything and see how many will happily sign on the dotted line thinking they got a good deal before reality strikes. After that, developer may adjust prices based on market conditions and sentiments!

The rest of us, hold your horses and buckle your seat belts. The ride is about to begin!