TOP is dec 2016... Ain't no hurry.Originally Posted by ysyap
After 1 year, only still at first phase? Hmmm... ok... Suites@PL owners should be very grateful man...
必ず
TOP is dec 2016... Ain't no hurry.After 1 year, only still at first phase? Hmmm... ok... Suites@PL owners should be very grateful man...
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Space @ Kovan residential and commercial property Location: quiet and a peacful place.
Within walking distance, straight and direct road to MRT.
Last edited by NV2010; 18-10-12 at 21:01.
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First Stage
必ず
Did you get to see the signboard put up by the developer as to when is the expected construction end date?
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SpaceKovan
Foundation work:
Work completion expected
between 4Q 2012 and 1Q 2013.
TOP:
Estimated 4Q 2014. (most slightly be earily then expected)
必ず
Thanks NV2010, did you get to see how is Vibes progressing nearby or Casa Cambio?
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Vibes@Kovan
is still in the process of working on the basements.
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Top 10 comparable estates
必ず
What are the criteria for being 'comparable'?
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Based on latest or last transaction.
必ず
http://sbr.com.sg/commercial-propert...de-drive-grabs
Good for nearby rental market...
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2013 is another year of exciting property market. The prices will continue to head north but the risk is getting higher.
Happy New Year to all of you here!
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last Saturday went to check on the way to Kovan for breakfast. Saw the project was started building up to 3rd floor at one corner.
必ず
I was there on Saturday evening. Looks like its being built stack by stack from the left side.
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On the board stated TOP expected on 2Q 2014.
The opposite side Vibes looks like ready to TOP end of 2013 or early 2014.
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Subsales data
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BREAKING NEWS: New private home sales in Singapore for the month of June rose 24 percent month-on-month to reach 1,806 units, according to data from the Urban Redevelopment Authority (URA). Compared to the same period last year, this is a 32 percent spike.
Including executive condominiums (ECs), home sales in the month hit 2,119 units compared to 1,912 in May. Meanwhile, developers launched 1,768 new homes compared to the previous month’s 1,521.
In the first six months of 2013, 11,826 new units were sold, 19 percent lower than the 14,689 recorded in the same period last year.
As usual, the suburban region saw the majority of home sales with 1,674 transactions recorded, followed by the city fringe with 326 units and the core city centre at 119.
J Gateway was the highest-selling project in the month. Only one unit remains unsold at the 738-unit condominium project. Its median price is S$1,486 psf.
Other popular projects in the month were Jewel @Buangkok, which sold 282 units at a median price of S$1,183 psf. Forestville, an EC in Woodlands, sold 226 units at a median price of S$730 psf.
Recent monthly new private home sales for 2013:
May 2013: 1,455 (1.912 including ECs)
April 2013: 1,380 (1,552 including ECs)
March 2013: 2,793 (3,072 including ECs)
February 2013: 712 (921 including ECs)
January 2013: 2,028 (2,284 including ECs)
Number of new private units (including EC units) launched:
May 2013: 1,521
April 2013: 1,162
March 2013: 3,489
February 2013: 261
January 2013: 1,814
Newbie
Project selling below $1000 psf..........
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Analyst: 9,000 troubledunits could be on market
Up to9,000 Singapore private property owners could be forced to sell their homes ifinterest rates rise in the city-state, according to an analyst report publishedtoday.
On the back of news that up to 10 percent of Singapore households may havealready over-leveraged their private property purchases beyond the new 60percent limit that was recently imposed by the Monetary Authority of Singapore(MAS), wealth management firm Religare Enterprises has cautioned its clients toavoid investing in Singapore property developers.
In its ASEAN Property Pulse report released today, the research arm of theIndia-based firm explained that between 10 -15 percent of borrowers could be infinancial trouble should interest rates rise in Singapore.
MAS has reported that between five to 10 percent of Singapore households couldhave over-extended themselves, fuelled by low interest rates and stretched loantenures. The majority of mortgage loans in Singapore are floating ratepackages, according to the company, which means households will face highermonthly repayments when interest rates normalise.
Religare has predicted that a rise in interest rates could see more than 9,000financially troubled properties being listed on the market – assuming a figureof 10 percent of the 90,000 private homes that are scheduled to be completedbetween now and 2016.
The authors of the report said: “Another worrying statistic is that only 70percent of the loans are for owner-occupied homes, meaning investor demand inprivate homes is running quite high.”
Housing Development Board (HDB) properties and executive condominiums (ECs)have to be purchased for self-occupation, the company noted, so all propertyinvestment demand is in the private property sector.
“A little wobble in prices combined with higher interest rates might shake up afew property investors as well and add to the possible troubled units on themarket,” the report said.
The company has advised its clients to be cautious on the Singapore residentialproperty market and against investing in Singapore property developer shares.
“We expect prices and rents to correct over 2014-15 on the back of completionof more than 90,000 units between 2H 2013 and 2016,” it predicted.
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The private property market could face some headwinds over the next few months, with sales volumes and housing prices moderating a little, said property giant CapitaLand.
“Prices and sales volume of Singapore residential property are expected to moderate as the cumulative impact of the various property measures continue to be played out in the coming months,” it added.
CapitaLand Singapore Chief Executive Wen Khai Meng, said: “It's difficult for us to make a call at this point, but it may flow to lower volumes. We have no crystal ball.”
These comments come a month after the Monetary Authority of Singapore's (MAS) total debt servicing ratio (TDSR) framework was put in place to encourage financial prudence.
“On the whole, our households are still fairly prudent”, with the Singapore market still fairly resilient despite the new policies, said Lim Ming Yan, Group Chief Executive of CapitaLand.
While Singapore households are considered 'fairly prudent', it came as no surprise that up to 10 percent of borrowers are overstretched, said Lim, adding that the proportion of borrowers at risk is expected to rise by up to 10 to 15 percent should mortgage rates climb up three percentage points.
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Latest News Vibes TOP in Nov 2013
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VIBES launched in 2011. only take 2 years to built?
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anyone can post pic of SPACE?
it has similar color theme n feel of my 1loft.
必ず
Quite similar. Space has colored vertical lines while 1loft has rectangular.
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Space @ Kovan Statue
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那现在到底是否是进场的好时机呢？我的答案其实很直接、很简短——是的。
为什么呢？理由同样很直接、很简短，因为空间短缺，以及以下几个理由：
1. 低利率环境将扶持资产增值
2. 亚洲市场的现金流动充沛
3. 人口增长
4. 房价负担得起
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Sold
$870,000
614sqft
1,418p/sq ft
四月-13
$900,000
581sqft
1,548 p/sq ft
三月-13
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new updates Feb 3, 2014
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Failed to upload images.. tried many times.
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