Rainforest EC new launch

[flagship74]

how is the sales today ? i wonder

hearsay 40% SOLD!

[rattydrama]

WTH, the architecture is almost like The Palette's. CDL real cheapo, reuse the designs! SIGH!

cost savings. every cents counts!

[rattydrama]

hearsay 40% SOLD!

wow, I do expect good sales. If it is overall sales of 40% wow wow wow

[peterng8]

hearsay 40% SOLD!

it is considered good or not ? 2nd day 40% sold..

[jwong71]

hearsay 40% SOLD!

wah.. 40% taken away the pc segment..

well-done

[yjcai]

what the f***

[kane]

CM6 lai ah lai ah. haha.

[peterng8]

wah.. 40% taken away the pc segment..

well-done

those who are serious buyers wil buy on the first 2 days during launch as to select the units they want early to beat competition...40% sold(if it is true as mentioned by others)not so fantastic as compared to tennery and mi casa launch... what does that indicate?

[kane]

those who are serious buyers wil buy on the first 2 days during launch as to select the units they want early to beat competition...40% sold(if it is true as mentioned by others)not so fantastic as compared to tennery and mi casa launch... what does that indicate?

prive also started slowly, but steadily the buyers came and bought up the remaining units. there are some fence sitters after CM5 who can't make up their mind. if this market doesn't pullback to their desire level, those fellas may be tempted to pull the trigger.

[maisonjai]

Demand for luxury homes still upbeat despite economic uncertainty
By Hetty Musfirah | Posted: 07 January 2012 2010 hrs
SINGAPORE: Demand for luxury private and public homes in Singapore is still upbeat despite a gloomy economic outlook.

The first weekend of the new year saw crowds made up of mostly first-time buyers and families looking to upgrade flocking to several property launches.

Market watchers say the recent cooling measures have also affected demand from foreigners.

It is a busy first day of sales for Riversound Residence which is located off Sengkang East Drive.

Its private condominiums cost between S$453,000 and S$1.8 million.

By 2pm on Saturday, four penthouse units costing some S$1.5 million each were taken up - three by Singaporeans and the other by a foreigner.

The developer said this trend is not surprising as the recent cooling measures requiring foreigners to pay an extra 10 per cent in stamp duty have dampened demand from foreigners.

Despite a slowing economy, the overall take up rate is projected to be healthy with 60 to 70 per cent of the 250 units released in the first phase likely to be snapped up before the Lunar New Year.

Qingjian Realty's Deputy General Manager Li Jun said: "Judging from the response today, there are still many people visiting the showroom. They are mostly locals. The development is also targeting those in the Punggol-Hougang area."

One potential buyer said that the time may be right to upgrade.

Mr Garick Lim said: "This launch is quite good so I think I'm keen. That's why I am now looking at the financial area and see whether I can afford and upgrade. I have stayed in HDB for a number of years already so I think it is a good time for me to look into a new investment in a private condominium."
Near by at Parkland Residences - a Design, Build and Sell Scheme (DBSS) project - crowds doubled on the second day of its launch.

Low Keng Huat's Chief Operating Officer Lee Yoon Moi said: "Generally, there are a lot of young couples and also families. The more popular ones are the four and five rooms units."

Parkland Residences is the only DBSS project within the Hougang & Punggol area.

Parkland Residences is the first of only two DBSS projects this year after the government halted land sales for such developments last year.

Analysts say this is keeping demand up with flats here costing between S$359,000 and S$706,000.

"Most of it is done up so you don't need to pay much for renovation," said one potential buyer.

"The prices here are relatively cheap compared to the other DBSS projects," said another.

The final DBSS project will be launched at Pasir Ris in March or April 2012.

The Executive Condominium (EC) at The Rainforest, near Choa Chu Kang MRT station, is also proving to be a hit with young couples.

"The EC is kind of like the in-thing now these days and we think it is a good opportunity for us to pick up a first-time house," said one couple.

"We are in our 20s so we are looking at projects like this that are appealing to us. I think it is very good that the government is releasing projects in the mature estates instead of just Punggol and Sengkang," another couple said.

The last EC that was launched near Choa Chu Kang is now about 80 per cent sold.
This indicates a favourable demand for homes in this district.

And judging from the response, agents say there will be a strong take-up rate when bookings begin on January 11.

- CNA/fa
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1175373/1/.html

[apple3]

those who are serious buyers wil buy on the first 2 days during launch as to select the units they want early to beat competition...40% sold(if it is true as mentioned by others)not so fantastic as compared to tennery and mi casa launch... what does that indicate?

That indicate nothing. It E-application period now.
I got no vested interest there but see your posts also buay tahan.
At first still got logic then become insanely han tum CCK only, most likely going to disappoint you. Do you want to know how many ballot number has been generated?

Opening hours for E-Application : From 9.30 am
Showflat is open for public to view on E-application day
Eligibility checks will be performed at E-application counters
Applicants to bring along all original relevant documents
- Proof of Identification
- Proof of Relationship
- Proof of Income
- Other relevant documents

Successful Applicants will be provided with the followings:
1. Letter of Acknowledgement
2. Sales Registration number will be auto-generated from system
3. Successful Applicants will proceed to the Balloting Counter
4. A Ballot Ticket will be issued by the Officer in-charge to be clipped with Letter of Acknowledgement
5. Balloting Ticket and Letter of Acknowledgement MUST be brought
along on Booking Day
6. A portion of the Ballot Ticket will be deposited into the Balloting Box
on booking day before balloting starts

Important Note

 Only Successful E-Applications with a Ballot Number will be balloted to
enter the showflat first on Booking Day
 Public without Ballot Number will only enter the Showflat after ALL Ballot
Numbers have been called
 Ballot Numbers will be considered VOID if Applicants are not present when
Ballot Number is called. They can only join the booking queue after the
ballot ends
 Second Timer Buyers are subjected to availability in accordance with EC
quota of 5%

[yjcai]

Nah if it is based on ballot number. 40% e-app equals only 186 units means it is still undersubscribed. It can also mean 40% applicants are first timer and guarenteed sold, still got second timer and public.

That indicate nothing. It E-application period now.
I got no vested interest there but see your posts also buay tahan.
At first still got logic then become insanely han tum CCK only, most likely going to disappoint you. Do you want to know how many ballot number has been generated?

Opening hours for E-Application : From 9.30 am
Showflat is open for public to view on E-application day
Eligibility checks will be performed at E-application counters
Applicants to bring along all original relevant documents
- Proof of Identification
- Proof of Relationship
- Proof of Income
- Other relevant documents

Successful Applicants will be provided with the followings:
1. Letter of Acknowledgement
2. Sales Registration number will be auto-generated from system
3. Successful Applicants will proceed to the Balloting Counter
4. A Ballot Ticket will be issued by the Officer in-charge to be clipped with Letter of Acknowledgement
5. Balloting Ticket and Letter of Acknowledgement MUST be brought
along on Booking Day
6. A portion of the Ballot Ticket will be deposited into the Balloting Box
on booking day before balloting starts

Important Note

 Only Successful E-Applications with a Ballot Number will be balloted to
enter the showflat first on Booking Day
 Public without Ballot Number will only enter the Showflat after ALL Ballot
Numbers have been called
 Ballot Numbers will be considered VOID if Applicants are not present when
Ballot Number is called. They can only join the booking queue after the
ballot ends
 Second Timer Buyers are subjected to availability in accordance with EC
quota of 5%

[peterng8]

Nah if it is based on ballot number. 40% e-app equals only 186 units means it is still undersubscribed. It can also mean 40% applicants are first timer and guarenteed sold, still got second timer and public.

let the number speaks itself and the market take its course...

it may indicate nothing to some but that does not mean it indicate nothing to others...maybe that is why some can buy high and why some can buy low... and that is maybe why CM keeps on rolling out one after the other...

[mygeemeel]

NOticed alot of people visiting showflat but I must say the design is so much better than mi casa.

[ecimbew]

The carpark is full and it is jamming the narrow road. Other than shopping centres, this could be Singaporeans next past time - visiting showrooms

[mcmlxxvi]

The carpark is full and it is jamming the narrow road. Other than shopping centres, this could be Singaporeans next past time - visiting showrooms

For many people I think it already is...

[apple3]

Nah if it is based on ballot number. 40% e-app equals only 186 units means it is still undersubscribed. It can also mean 40% applicants are first timer and guarenteed sold, still got second timer and public.

Wat 186? Where u pluck this number from? As of 2pm today, 581 qualify application number issued. A lot of ppl still put on hold until tmr where pricing will be release.

[peterng8]

wow a good start for EC developers? are they mostly first timers or majority upgraders?

It seems that the ERA project sales manager is rite during the interview in news on thursday nite. he implies that this EC has no problem to attract more potential buyers esp from those PC segment in CCK to EC..

[kane]

wow a good start for EC developers? are they mostly first timers or majority upgraders?

It seems that the ERA project sales manager is rite during the interview in news on thursday nite. he implies that this EC has no problem to attract more potential buyers esp from those PC segment in CCK to EC..

CCK area hasn't seen a new condo since mi casa. lots of hdb upgraders there probably itching to move up.

[peterng8]

CCK area hasn't seen a new condo since mi casa. lots of hdb upgraders there probably itching to move up.

Agree buyers (dont know it is upgraders or first timers which is majority) probably itching to move up BUT I believe to project which the price they percieve is of good value reflecting the location(in other word lower pricing as they PERCEIVE)..

CCK has lots of resale PC, such as palm garden, warren, northvale, windermere, yew mei green, the qunitet, regent Grove, yew tee residence, NEW one very near TOP is mi casa, upcoming to be launched which is somewhere phoenix LRT...just as what the ERA project sales manager has implied the EC rainforest has no problem attracting potential buyers of PC in this area which price i think might have peaked... which is what the garmen wanted too which has more GLS for EC..

[yjcai]

Wat 186? Where u pluck this number from? As of 2pm today, 581 qualify application number issued. A lot of ppl still put on hold until tmr where pricing will be release.

Must be I calculate wrongly. Oh isn that great fully subscribed. Haha

[apple3]

Must be I calculate wrongly. Oh isn that great fully subscribed. Haha

You mean over subscribe? Nothing great or bad to me, just another condo in their own playing field.

The price release by CDL monday was quite high though.

[danntbt]

In flooding the market with EC in the coming months as announced, the government is creating a base for future PC owners who would have vested interest interest for price increase, as EC becomes semi-PC after 5 years.....and this will pass on to those who purchase these resale units , who would then likewise have vested interest... great way to defuse dissatisfaction amongst heartland's upgraders or newbies-wannabies to PC.

[peterng8]

In flooding the market with EC in the coming months as announced, the government is creating a base for future PC owners who would have vested interest interest for price increase, as EC becomes semi-PC after 5 years.....and this will pass on to those who purchase these resale units , who would then likewise have vested interest... great way to defuse dissatisfaction amongst heartland's upgraders or newbies-wannabies to PC.

in other word, another short term solution ..have noticed the the size of 3 bedder has been played around to achieve a low quantum to attract buyers...outskirts with smaller size units has becoming a norm which is not the case previosuly..

[peterng8]

More than 800 online applications for City Developments Ltd’s (CDL) The Rainforest EC project were received as of 5pm yesterday, the last day of applications for eligible EC buyers.

“We are receiving more e-applications progressively till the end of the day,” said a spokesman from CDL.

The median selling price for units at the development range from S$720 psf to S$730 psf, with 818 sq ft two-room-plus-study units starting from S$601,000. Meanwhile, bigger units, such as a 947 sq ft three-bedroom apartment, cost around S$688,000 and a 1,238 sq ft four-bedroom unit starts at S$896,000.

Located near Choa Chu Kang MRT station, the project is jointly developed by CDL and TID - a joint venture (JV) company between Mitsui Fudosan and Hong Leong Group. It comprises 466 units strategically located near shopping and entertainment areas such as Lot One Shoppers’ Mall and the upcoming Junction 10 shopping mall.

The project is also within close proximity to the Bukit Timah and Kranji expressways, as well as to the upcoming Downtown MRT line.

-------------------------------------------------------------------------------------

in other word, another short term solution ..have noticed the the size of 3 bedder has been played around to achieve a low quantum to attract buyers...outskirts with smaller size units has becoming a norm which is not the case previosuly..

cheap cheap leh compared to micasa 2 rooms already pricing at $900K(asking price only for TOP sellers recently)

[danntbt]

in other word, another short term solution ..have noticed the the size of 3 bedder has been played around to achieve a low quantum to attract buyers...outskirts with smaller size units has becoming a norm which is not the case previosuly..

...more a mid-term solution...should make constituency happy till next election or so....hahaha...just a conjecture, but seems logical...

[yjcai]

You mean over subscribe? Nothing great or bad to me, just another condo in their own playing field.

The price release by CDL monday was quite high though.

days of 600 psf condos are over?

[kane]

days of 600 psf condos are over?

hdb dbss has occupied that space apparently.

[azeoprop]

http://www.cdl.com.sg/therainforest/

floor plans and official info here.

[yjcai]

hdb dbss has occupied that space apparently.

Oh then look at this
http://www.trilliant.com.sg/
near 400 psf land price, near 2 MRT. How much will this EC costs.