La Fiesta @ Sengkang

[LaFiestaOwner]

Looks like the la fiesta owners are growing.

I asked my agent how were sales at La Fiesta recently and she said that it has been good, and it seems that they are down to the last 200 units or so.

Hope most of the people who buy are families and not investors. My agent said a few was 2nd property and foreigners. I guess not as fast as J Gateway, the soldout project during preview. But yes, looking forward to new neighbours.

[Good house]

One of the bro share this photo update with me, he stay at SengKang, Hope you guys like it

[Eh]

Agent say agent say, of course agent will say that stack good, the sales good, the project they are selling good.

[yowetan]

All of you are singing praises of La Fiesta; Is the show room still available? I like to visit the show room.

[Violinbite]

Looks like the la fiesta owners are growing.

I asked my agent how were sales at La Fiesta recently and she said that it has been good, and it seems that they are down to the last 200 units or so.

Not too bad at all for having sold 600 units since the beginning of the year. Consider a project with hugh number of units exceeding 800 units. Any idea if the prices has been moving slightly up and are most of the later buyers are paying above $1200psf? These days seems harder to find below $1100 with such short walking distance from MRT. One of the few is like Maysprings but recently hitting almost $1000psf for the two-bedder. But its already almost 20 years old.

[Regulators]

La fiesta is far away from ur mt sinai. Think you are running out of options.

All of you are singing praises of La Fiesta; Is the show room still available? I like to visit the show room.

[LaFiestaOwner]

Not too bad at all for having sold 600 units since the beginning of the year. Consider a project with hugh number of units exceeding 800 units. Any idea if the prices has been moving slightly up and are most of the later buyers are paying above $1200psf? These days seems harder to find below $1100 with such short walking distance from MRT. One of the few is like Maysprings but recently hitting almost $1000psf for the two-bedder. But its already almost 20 years old.

The prices is about $1100 to $1239 (for higher floors and facing). They opened up some of the not so good stacks already, so the prices are cheaper. if you don't mind the facing, it is a good deal. Some of the new projects have lower priced psf because it is not near an MRT (this is the norm) but they build a bigger size so that the amount you pay will still be about 1 million plus minus depending on 2 or 3 room. I was very tempted to buy the cheaper ones. The Luxurie started around Aug 2011 and sold out at Mr 2013, so almost 2 years. La Fiesta started in Jan 2013, so should be 2014 year end sellout based on similar timing?

[yowetan]

La fiesta is far away from ur mt sinai. Think you are running out of options.

My Mt Sinai will be affordable soon. The QE tapering and economy correction is on schedule.

I like visiting showflat and read the concept that each project has to offer, this will enrich my knowledge and exposure to the market trend.

[yowetan]

The prices is about $1100 to $1239 (for higher floors and facing). They opened up some of the not so good stacks already, so the prices are cheaper. if you don't mind the facing, it is a good deal. Some of the new projects have lower priced psf because it is not near an MRT (this is the norm) but they build a bigger size so that the amount you pay will still be about 1 million plus minus depending on 2 or 3 room. I was very tempted to buy the cheaper ones. The Luxurie started around Aug 2011 and sold out at Mr 2013, so almost 2 years. La Fiesta started in Jan 2013, so should be 2014 year end sellout based on similar timing?

Hi...Is the show room still available for visiting? TIA.

[Regulators]

Unless u live near sengkang, otherwise waste of petrol driving there. Can just get agent to email u info. Were u one of the thousands that queued tIll mIdnight before the cm kick in ?

My Mt Sinai will be affordable soon. The QE tapering and economy correction is on schedule.

I like visiting showflat and read the concept that each project has to offer, this will enrich my knowledge and exposure to the market trend.

[ecimbew]

My Mt Sinai will be affordable soon. The QE tapering and economy correction is on schedule.

I like visiting showflat and read the concept that each project has to offer, this will enrich my knowledge and exposure to the market trend.

Good for you, Yowe! In fact, you should try visiting during weekdays if possible. Less crowded and you get to really see the interior and bask in the luxury. I like going to more upmarket ones and look at their decor.

[yowetan]

Unless u live near sengkang, otherwise waste of petrol driving there. Can just get agent to email u info. Were u one of the thousands that queued tIll mIdnight before the cm kick in ?

Hi...this is why I am asking in this forum, particulary this thread if show flat is opening or not; I do not plan to waste, but plan to gain.

[LaFiesta]

Hope most of the people who buy are families and not investors. My agent said a few was 2nd property and foreigners. I guess not as fast as J Gateway, the soldout project during preview. But yes, looking forward to new neighbours.

So u plan to stay or rent out?
But so near to mrt I tink will be expecting more rent out especially one n two bedded room.

[LaFiestaOwner]

So u plan to stay or rent out?
But so near to mrt I tink will be expecting more rent out especially one n two bedded room.

To stay. The hospital is up 2018, so by then TOP 1 year, so those renting should have lobang.

[LaFiestaOwner]

Hi...this is why I am asking in this forum, particulary this thread if show flat is opening or not; I do not plan to waste, but plan to gain.

Showflat is still open. It occupies the tennis court of the map and hence, can be removed later. Only about 5 lots for parking at showflat. Currently, the norm is declared a certain price -$20000, cut 2% off and if you are good (or say a lot of stuff), they give you 1% more off(this one is upon request). At least that was the deal I have last month. I think that is the best price.

[Violinbite]

Showflat is still open. It occupies the tennis court of the map and hence, can be removed later. Only about 5 lots for parking at showflat. Currently, the norm is declared a certain price -$20000, cut 2% off and if you are good (or say a lot of stuff), they give you 1% more off(this one is upon request). At least that was the deal I have last month. I think that is the best price.

Hi LFowner,

Did you take an 80% loan since its your first home, and tenure of max going to age 65?

[2824]

To stay. The hospital is up 2018, so by then TOP 1 year, so those renting should have lobang.

They should further expedite the construction of hospital, anyway that area mostly construction now. The NE area (punggol, sengkang & hougang) with its expanding population could really do with a hospital soon.

[LaFiestaOwner]

Hi LFowner,

Did you take an 80% loan since its your first home, and tenure of max going to age 65?

Yes. No choice, money not enough.

[Violinbite]

Yes. No choice, money not enough.

Hi LFOwner,

Did your monthly repayment workout $3k+? If two working adults with CPF still ok la. My Maysprings unit under a loan of $450k work out to be monthly less than $1500 under current interest float rate w max tenure given still allowable in 2010 purchase. Try to pay down eventually, it will be fine.

[LaFiestaOwner]

Hi LFOwner,

Did your monthly repayment workout $3k+? If two working adults with CPF still ok la. My Maysprings unit under a loan of $450k work out to be monthly less than $1500 under current interest float rate w max tenure given still allowable in 2010 purchase. Try to pay down eventually, it will be fine.

Borrowing so much money for the 1st time for me. So scared. But yes, about $3000 plus. Huttons advertised for La Fiesta, more than 70% sold... Releasing I think final units, hope they don't sell way cheaper. But I have to say lousy advert. The main attraction seems to be the 1 min to MRT when there is so much more. At least the Jewel one, say 4 mins drive to where where, by train etc... I will pop over to the showflat to check out the prices.

[Violinbite]

Borrowing so much money for the 1st time for me. So scared. But yes, about $3000 plus. Huttons advertised for La Fiesta, more than 70% sold... Releasing I think final units, hope they don't sell way cheaper. But I have to say lousy advert. The main attraction seems to be the 1 min to MRT when there is so much more. At least the Jewel one, say 4 mins drive to where where, by train etc... I will pop over to the showflat to check out the prices.

No worries about their advertisement. My mentality is that good stuffs sell by words of mouth and not excessive advertisement. I think LF didn't do very much advertisement on News or TV to my observation (unlike Jewel or One Canberra) and base on today sales numbers, that is fantastic already for a whopping 810 units hugh project. EL developers probably humble enough not like bigger developers (eg. Capitaland) to rip people off when seeing sales are good, jacking up their price. Price will definitely hold.

[Autumnwinds]

Borrowing so much money for the 1st time for me. So scared. But yes, about $3000 plus. Huttons advertised for La Fiesta, more than 70% sold... Releasing I think final units, hope they don't sell way cheaper. But I have to say lousy advert. The main attraction seems to be the 1 min to MRT when there is so much more. At least the Jewel one, say 4 mins drive to where where, by train etc... I will pop over to the showflat to check out the prices.

3000+ is an Okay amount. Since I take you and your spouse are both working, it should be fine and manageable. Don't worry too much about it.

[yowetan]

Hi LaFiestaOwner...

How much is your household income? How many years of loan are you taking? Care to share? Thanks.

[kirchhoff_liz]

Results extracted from URA: Total sold to date 585 units in Jun.

Released units: 600

Last sun, we visited the showroom. In actual, 705 units were released. Why URA 's data was only 600???

[kirchhoff_liz]

Hi LaFiestaOwner...

How much is your household income? How many years of loan are you taking? Care to share? Thanks.

Our purchasing price : 900+k ( included 7%)
Loan amount 75%
Loan period 30yrs

We have fully paid our HDb.
We don own a car and have 2 kids.
I am a home-maker.
We have no worries in paying the loan as we have an asset which is fully-paid.
We really like LF as it is so accessible and if u intend to rent out, location is very important.


Conclusion: ALWAYS Buy or invest within ur means.

[kirchhoff_liz]

Hi LaFiestaOwner...

How much is your household income? How many years of loan are you taking? Care to share? Thanks.

Our purchasing price : 900+k ( included 7%)
Loan amount 75%
Loan period 30 yrs

We have fully paid our HDb.
We don own a car and have 2 kids.
I am a home-maker.
We have no worries in paying the loan as we have an asset which is fully-paid.
We really like LF as it is so accessible and if u intend to rent out, location is very important.


Conclusion: ALWAYS Buy or invest within ur means.

[LiveYoung]

Results extracted from URA: Total sold to date 585 units in Jun.

Released units: 600

Last sun, we visited the showroom. In actual, 705 units were released. Why URA 's data was only 600???

There's a lagging effect whereby it takes some time to get data fed to and refreshed on URA. In other words, what you see on URA is not the most updated info. Maybe someone can shed light on how long it lags behind.

[Autumnwinds]

Our purchasing price : 900+k ( included 7%)
Loan amount 75%
Loan period 30 yrs

We have fully paid our HDb.
We don own a car and have 2 kids.
I am a home-maker.
We have no worries in paying the loan as we have an asset which is fully-paid.
We really like LF as it is so accessible and if u intend to rent out, location is very important.


Conclusion: ALWAYS Buy or invest within ur means.

Am I right to say that your loan is about 1.3k a month?

[LiveYoung]

Am I right to say that your loan is about 1.3k a month?

Since it's a project just commencing on construction, for a start, I think is far less than that. And what interest rate you use to calculate also makes much difference at later stage after majority of the loan is disbursed. Can't really predict the future anyway.

[kirchhoff_liz]

Am I right to say that your loan is about 1.3k a month?

Just checked with hubby. Loan amount should be 70%.
Amount should be more than tat.
We have factor in the worst scenario if interest rate is 4.5%.