Agreed. I wrote 'not going to town only'...Originally Posted by linchong84
Agreed. I wrote 'not going to town only'...Originally Posted by 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.Originally Posted by ysyap
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.Originally Posted by 2824
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.Originally Posted by ysyap
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.Originally Posted by 2824
The other site should have better views I think.Originally Posted by 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.Originally Posted by solsys
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!Originally Posted by 2824
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.
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..Originally Posted by 2824
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.Originally Posted by linchong84
Just like 8cy, around 750-850psf the lowest psf new launch, also selling well in today's context.
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.Originally Posted by linchong84
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..Originally Posted by 2824
8 cy not to bad lah.... got MRT lottery...Originally Posted by azeoprop
this boat is a sinking boat... the waves is going to block all views.
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!Originally Posted by linchong84
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.Originally Posted by ysyap
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".
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.Originally Posted by ysyap
So u going tomorrow evening?Originally Posted by azeoprop
Maybe, see what is the base price for the ultimate ulu cmi location.Originally Posted by ysyap
Download latest floorplan here:
http://www.theboathouseresidences.com/floor-plans.html
Good idea. Do share what the base price is! So what psf justifies this cmi location?Originally Posted by azeoprop
Are they still gonna do preview after yesterday's US markets performance? Very brave.Originally Posted by ysyap
I thought developers gonna close showrooms for a while.
better do it fast. The perfect storm is coming.Originally Posted by rockinsg
Many singaporeans tend to be rather myopic...Originally Posted by kingkong1984
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 crisisOriginally Posted by azeoprop
Buy fast before SG run out of land soon .. and SG property can never go down
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!Originally Posted by azeoprop
The rest of us, hold your horses and buckle your seat belts. The ride is about to begin!