The Tembusu Kovan

[ZeeWee]

Which are the phase 1 release stacks? Thanks

That one also never say... Hopefully we will know before the preview

[mcmlxxvi]

bro zeewee, mm proj by roxy coming up right beside at former yi mei gdns....

how do u reckon it will affect Tembusu as an investment purchase?

[ZeeWee]

bro zeewee, mm proj by roxy coming up right beside at former yi mei gdns....

how do u reckon it will affect Tembusu as an investment purchase?

I think if roxy comes up with Dual Key 2br at $1million, 1 br @ Tembusu sure hard fight for rental in future. 3br and bigger should be safe from roxy MM 'assault'

[gwlip]

Hmmm Kovan Grandeur is asking for 2.5K rental for 1 bedder?
That means potential yield for Tembusu (750K for i bedder) is only about 4%?

[Eh]

Hmmm Kovan Grandeur is asking for 2.5K rental for 1 bedder?
That means potential yield for Tembusu (750K for i bedder) is only about 4%?

Maybe can ask for higher rental because nearer to MRT?

[mcmlxxvi]

Hmmm Kovan Grandeur is asking for 2.5K rental for 1 bedder?
That means potential yield for Tembusu (750K for i bedder) is only about 4%?

Tembusu mm should be asking 3k in light of the facilities.

As for nearer mrt, its a moot point when one needs to spend 5mins or more to cross that busy junction.

[ZeeWee]

no comments from anyone about Tembusu showflat ah....

anyway showflat is closed till 9th August.. 10th Aug (sat) then open.. in case anyone decides to pop by over the long weekend

[ecimbew]

Is this a open for all preview? I'm thinking... Can also say it is near to Ikea Courts and Giant. It's a straight/curvy road down if they drive.

[ecimbew]

Tembusu mm should be asking 3k in light of the facilities.

As for nearer mrt, its a moot point when one needs to spend 5mins or more to cross that busy junction.

Are you still holding on to K.G?

[mcmlxxvi]

Are you still holding on to K.G?

yes. ssd 3yrs completed in few mths time.

i will assess whether worth to sell after Yi Mei Gdns site launch.

do u think defu revamp will have any effect?

[thomastansb]

I wouldn't dare to bet on 2.5k.

Rental is softening and I will estimate a more realistic rent at maybe 2k in 3 years time. And an interest rate of 2 to 2.5% by then. I will be surprised if there is any cash back after paying for the house.

Hmmm Kovan Grandeur is asking for 2.5K rental for 1 bedder?
That means potential yield for Tembusu (750K for i bedder) is only about 4%?

[ecimbew]

yes. ssd 3yrs completed in few mths time.

i will assess whether worth to sell after Yi Mei Gdns site launch.

do u think defu revamp will have any effect?

It's still in infancy stage. Hardly able to tell. Maybe in 15-20 years.

[mcmlxxvi]

It's still in infancy stage. Hardly able to tell. Maybe in 15-20 years.

True that. Do you foresee any further upside to projects around there such as this Tembusu and Parc Vera in the next 5 years?

[greenhorn]

Anyone went to view Tembusu show flat last weekend? Was really very crowded and heard that many (few hundreds) cheques were collected. Think the agents/developer are aiming for 1000 cheques before Preview. Hence think the developer is trying to emulate the J Gateway sales success story. All eyes are on Tembusu now...May be a sell out project in short time.

What are the selling points for Tembusu? Would you buy into this condo at $1500 psf?

[star]

True that. Do you foresee any further upside to projects around there such as this Tembusu and Parc Vera in the next 5 years?

I see huge rental potiential.
See this:
http://www.hbiz.gov.sg/web/aa17/corporate/DMP/DMP1.pdf

[dtrax]

soooo scary.. checks still flying around nonstop even after TDSR

[dvovod]

Anyone went to view Tembusu show flat last weekend? Was really very crowded and heard that many (few hundreds) cheques were collected. Think the agents/developer are aiming for 1000 cheques before Preview. Hence think the developer is trying to emulate the J Gateway sales success story. All eyes are on Tembusu now...May be a sell out project in short time.

What are the selling points for Tembusu? Would you buy into this condo at $1500 psf?

D19 $1.5k psf cheques still flying around.. many rich ppl. I think generally not a bad place to live at... but quite ex at that price.

now still need invitation then can go right?

[greenhorn]

I think the developer is positioning this project as a non-mass market condo. Can see in the design concept, finishing and facilities of the condo. Its a FH @ kovan hence the pricing. Some agents are saying that this piece of land has good feng shui as how Wing Tai became so successful over 50 years...

[Cyberknight]

I think the developer is positioning this project as a non-mass market condo. Can see in the design concept, finishing and facilities of the condo. Its a FH @ kovan hence the pricing. Some agents are saying that this piece of land has good feng shui as how Wing Tai became so successful over 50 years...

If Feng shui is so good, wing tai will not move

[mcmlxxvi]

I think maybe they give away foc mm lee new book....

[mcmlxxvi]

I see huge rental potiential.
See this:
http://www.hbiz.gov.sg/web/aa17/corporate/DMP/DMP1.pdf

Ya but... 15 to 20yrs... wait till neck longer than camel leh....

[ulrich76]

Good location for own stay. Mins walk to kovan mrt which is 20 mins from cbd. Near amenities and good food. Short drive to kpe. Better value than jurong gateway, considering it is freehold. Frankly, how many malls do you need next to your house

[beepbeep]

yes. ssd 3yrs completed in few mths time.

i will assess whether worth to sell after Yi Mei Gdns site launch.

do u think defu revamp will have any effect?

K.G highest was transacted at $1612psf for a 366sqft in March. Quite a challenging place as its a LH and its side by side with a mosque.

[mcmlxxvi]

K.G highest was transacted at $1612psf for a 366sqft in March. Quite a challenging place as its a LH and its side by side with a mosque.

It is also the closest and newest private apartment nearest future defu biz park with whole units available for rent at <2.5k pm.

[LiveYoung]

This is a sold out project for bigger size units, period

[kane]

what was the crowd like during today's preview?

[Lovelle]

Heard today is the balloting day, any news ?

[ZeeWee]

Heard today is the balloting day, any news ?

Some price for you all to crunch on.. if you all know what stack it is

1Bedroom:
#10-10 - $78xK (484sqft)
#15-10 - $800K

3Bedroom:
#04-17 - $1.546mil (1055sqft)
#04-18 - $1.583mil (1044sqft)
#17-17 - $2.169mil (1389sqft with PES)
#17-18 - $2.24mil (1378sqft with PES)

4Bedroom:
#15-06 - $2.233mil (1367sqft)
#15-07 - $2.268mil (1367sqft)

Sales just started.. will update later if got more news but take up rate for stack 18 3 Bedroom pretty good

[Noexit]

Some price for you all to crunch on.. if you all know what stack it is

1Bedroom:
#10-10 - $78xK (484sqft)
#15-10 - $800K

3Bedroom:
#04-17 - $1.546mil (1055sqft)
#04-18 - $1.583mil (1044sqft)
#17-17 - $2.169mil (1389sqft with PES)
#17-18 - $2.24mil (1378sqft with PES)

4Bedroom:
#15-06 - $2.233mil (1367sqft)
#15-07 - $2.268mil (1367sqft)

Sales just started.. will update later if got more news but take up rate for stack 18 3 Bedroom pretty good

2bedroom ?

[ecimbew]

I think this one is nice. Very garden-like and it's freehold by Wing Tai. I heard their board members will be getting a few units.