Page 6 of 6 FirstFirst 123456
Results 51 to 56 of 56

Thread: Laurel Tree @ Hillview

  1. #51

    Default

    Quote Originally Posted by tonymontana View Post
    Yup its nice, but its lh bro... Among all the fh condo there. And take note of the long walk uphill and distance to MRT. Other than that its a nice condo. Great for those who drive and love peace and quiet . how much they asking?
    they ask 850k negotiable. I doubt they worth this price. For me, 750k is reasonable given the main reason it is LH. With the asking price, it is better to consider the few projects along the hill like 128 and montrosa.

  2. #52

    Default

    Hi!
    Don't like 128 , its got a very apartment like feel to it, small pool, lacking of grounds and amenities , too. For that price you can check out hillrbrooks or even hill view park , two bedder can find about that price (800k +) and both are nearer to MRT and amenities at hillv2\ cc

  3. #53

    Default

    Quote Originally Posted by tonymontana View Post
    Hi!
    Don't like 128 , its got a very apartment like feel to it, small pool, lacking of grounds and amenities , too. For that price you can check out hillrbrooks or even hill view park , two bedder can find about that price (800k +) and both are nearer to MRT and amenities at hillv2\ cc
    Hillbrooks and hillview park both ask more than 1 mil leh.
    Agree 128 is running down even look from outside. Montrosa is a better choice for the similar price range given of it's location on the hilltop. Some people may like the ambient and greenery.

  4. #54

    Default

    Quote Originally Posted by jayson_cheong View Post
    Hillbrooks and hillview park both ask more than 1 mil leh.
    Agree 128 is running down even look from outside. Montrosa is a better choice for the similar price range given of it's location on the hilltop. Some people may like the ambient and greenery.
    No lah u look for the smaller 2 bedders , currently the price not more than 900k. Wait for a good deal, in the meantime keep looking. Yes motrosa better tha n 128 but hilltop grove is better than the two in terms of environment and I suspect , build quality. Its a trade off, difficult decision.

  5. #55

    Default

    Quote Originally Posted by tonymontana View Post
    No lah u look for the smaller 2 bedders , currently the price not more than 900k. Wait for a good deal, in the meantime keep looking. Yes motrosa better tha n 128 but hilltop grove is better than the two in terms of environment and I suspect , build quality. Its a trade off, difficult decision.
    Yes difficult decision. Both projects ask almost same price for 2+1 unit with size slightly different by 100 sf.
    Hilltop Grove: full condo facilities, better environment, but only left 80 yr lifespan. Definitely difficult to sell off next time.
    Montrosa: basic condo facilities but 999y.

    But anyway, I think Natura and Laurel Tree are facing hard time to sub off. The units are too small as to compare with both projects above and yet they ask for similar price. Actually that day wanted to view few units in Natura but was told that only can view in the day time cause those unit power have been cut off due to empty occupied.

  6. #56
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    8,038

    Default

    https://forums.hardwarezone.com.sg/e...5919370-4.html

    In May 2012, Ms Emmeline Ho's parents bought a studio apartment at the Sycamore Tree condominium in Joo Chiat, due to be completed by end-2016, on her recommendation.

    Her parents, who are in their 60s and run a drinks stall at Old Airport Road Food Centre, invested most of their life savings into the unit.

    It is almost 350 sq ft and cost nearly $500,000. Since then, Ms Ho, 34, who does administrative work in a finance company, has regretted her advice to them.

    The project, which was supposed to obtain its Temporary Occupation Permit (TOP) by Dec 31, 2016, has been delayed.

    "I had thought that since (the developer) is a Singapore-registered company, it should be one that I can trust," said Ms Ho.

    "Almost every fortnight, we will go down to check on the construction. My parents are very anxious. This is their investment. It was going to be their source of income." Her parents had been hoping to rent out the unit.

    Ms Ho's parents are among a small group who bought units in new projects that faced delays in completion.

    Such cases are very uncommon, property lawyers tell The Straits Times, as developers typically have to complete by a certain deadline to avoid getting into trouble with their lenders.

    They say developers also want to avoid compensating home buyers liquidated damages - which are calculated daily - for delays.

    Ms Ho said she heard little from Astoria Development over the cause of delay for Sycamore Tree, which has 96 residential units and 17 shop units, until June this year, when she received a letter.

    In the letter seen by ST, Astoria wrote that the delay was due to changes in its construction methods and a dispute between the project's contractors over the installation of a mechanised carpark system.

    On a visit last month, the project looked partially completed, with scaffolding and blue tarpaulin draped over much of the building.

    Buyers at the 70-unit Laurel Tree condominium project in Hillview Terrace also face an uncertain future. Laurel Tree was also due to obtain its TOP by December 2016, but construction has yet to be completed.

    Buyers said the project's developer, Lerida, has not given any explanations for the delay.

    Checks by ST showed that the project's main contractor, Bravo Building Construction, is facing a winding-up application by a creditor at the High Court this month.

    This means it could be dissolved, and the developer might have to look for another main contractor to take over.

    Hard to get updates from developers, say buyers

    Accounting and Corporate Regulatory Authority checks found that Astoria, Lerida and Bravo have the same company secretary and major shareholder.

    Close to 40 Laurel Tree buyers have banded together to share information in a WhatsApp group.

    Some buyers said Lerida had agreed to give monthly progress reports after a meeting in May, but has not done so since August.

    A 40-year-old home buyer who works in sales said he has to continue renting a room for $500 a month while waiting for his 463 sq ft unit - his first property - to be completed.

    He bought it in 2013 for about $600,000, and has since paid off about 60 per cent of the loan.

    "I feel very frustrated and helpless," said the man who declined to be named.

    The Urban Redevelopment Authority (URA) said the Controller of Housing - which administers regulations related to developers, among other property issues - has received feedback from several buyers on the Sycamore Tree and Laurel Tree projects.

    A URA spokesman said it has asked the developers to update the buyers on the progress.

    Laurel Tree home buyers said selling their units is not an option, as prospective buyers would want to inspect completed units. They might also incur losses if they sell now.

    Real estate lawyer Subra M. Suppiah said that while the authorities might look into the issue, it is ultimately between the buyers and developers, adding that buyers are the agreeing party in the contract after all.

    "If the delay continues indefinitely, affected buyers might have to turn to the court to seek legal redress," he said.

    Ms Ho said she has tried to get answers from Astoria and its law firm for over two years.

    But one party would refer her to the other or to the letters they sent out, Ms Ho claimed. "I felt like a ball being bounced between the parties," she added.

    Astoria's latest letter to Ms Ho on Sept 21 said the TOP would be obtained by end-December.

    The management of Astoria, Lerida and Bravo have not responded to queries despite multiple attempts to reach them over three weeks.


    These things because of the contracts and nature of the business have little hope. All developers for every single project register a new company and this will be the liable party and if it goes into liquidation, the developers assets and main company is protected and not the buyers.

    The only things going for the buyers is that the developer has sunk cost from land leased or bought and need a return so eventually it will come thru. The other is the progress payments would have stopped.

Page 6 of 6 FirstFirst 123456

Posting Permissions