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Thread: Suites@Newton, Freehold, Launching Soon

  1. #31
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    Quote Originally Posted by Adva181
    developer seems to have drop price. Today paper write starting from 9xx.
    I tot all along starting at 10xx?

    Needs to go showroom to verify. But based on URA caveats last few months where $2100pfs ave prices were done, adverts today seem to suggest $1800 plus pfs for 600 sqft, so it appears they have dropped their prices.

  2. #32
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    Pls let us know if this is true.
    Quote Originally Posted by ekl2ekl2
    Needs to go showroom to verify. But based on URA caveats last few months where $2100pfs ave prices were done, adverts today seem to suggest $1800 plus pfs for 600 sqft, so it appears they have dropped their prices.

  3. #33
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    1 more sold at 2063psf in feb. 54 out of 67 to go.

  4. #34
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    better in mar. 9 sold at 2123psf median.

    still 67% unsold though.

  5. #35
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    any reason why this development is going so slowly? is the PSF too high?

  6. #36
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    Quote Originally Posted by Gregor
    any reason why this development is going so slowly? is the PSF too high?
    It didn't appeal to HDB upgraders...

  7. #37
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    Quote Originally Posted by Gregor
    any reason why this development is going so slowly? is the PSF too high?
    I believe it is facing a quantum resistance at these high psfs. With a reduction in foreign buying, locals with shallower pockets start to look outwards to places like Bishan.... I think Bishan is reaching that point soon too.

    Market self regulates.

  8. #38
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    Quote Originally Posted by howgozit
    I believe it is facing a quantum resistance at these high psfs. With a reduction in foreign buying, locals with shallower pockets start to look outwards to places like Bishan.... I think Bishan is reaching that point soon too.

    Market self regulates.
    Dont think quantum resistance is the main reason for this project. At bet 1-1.3m for studio/1 room, still can get around 3.5% yield. Lincoln suites hit 2700 pfs, Lviv majority were sold for > 2000pfs for quite big size 1 roomer 658sf and they went for 1.3-1.5m

    Think its the reduction of foreigners bec of ABSD and more importantly the project itself. This MM/small size 2rm project sits on a very small land with limited facilities. For the same pfs, there are many choices of studios in larger FH developments such as PI, LS, Lviv etc.

  9. #39
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    Can't be quantum issue because Newton Novena area got so many new launches with many small units 1-2 bedder available. Even if PSF is high, quantum is manageable. Even a project like Park Infinia with relatively larger units 2 bedder only 800+sqft.

  10. #40
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    Quote Originally Posted by Wild Falcon
    Can't be quantum issue because Newton Novena area got so many new launches with many small units 1-2 bedder available. Even if PSF is high, quantum is manageable. Even a project like Park Infinia with relatively larger units 2 bedder only 800+sqft.
    So the question is what is wrong with this development??

  11. #41
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    2 more sold at 1974 and 2123psf in may. 38 out of 67 to go.

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