Originally Posted by Adva181
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.
Originally Posted by Adva181
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.
Pls let us know if this is true.Originally Posted by ekl2ekl2
1 more sold at 2063psf in feb. 54 out of 67 to go.
better in mar. 9 sold at 2123psf median.
still 67% unsold though.
any reason why this development is going so slowly? is the PSF too high?
It didn't appeal to HDB upgraders...Originally Posted by Gregor
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.Originally Posted by Gregor
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 1.3-1.5mOriginally Posted by howgozit
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.
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??Originally Posted by Wild Falcon
2 more sold at 1974 and 2123psf in may. 38 out of 67 to go.