Global recession is coming....
They also compare Punggol Waterfront supposed to be even better than East Coast wah, never see Punggol property prices become more expensive than East Coast??????
Originally Posted by Ringo33
When our ministers start comparing JLD to Marina Bay you will need to pay attention.
Senior
Wah someone from this forum register a forum account using ringo33 and post nonsence in sky scraper city forum.
This must be the same person who registered nultiple fake forum account to troll in this forum.
What a loser
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Junior
if that the case you have to beware!
Newbie
HSR to start service only in 2022 or 2023?
It may take even longer judging from Malaysia airport episode
Malaysia’s Land Public Transport Commission Chairman Syed Hamid Albar said completion of a high-speed rail link between KL and Singapore may take 6-7 years once construction starts by 2016, finishing two to three years later than the 2020 deadline announced earlier. The project will use government land as much as possible to avoid property- acquisition disputes. The high- speed rail may operate four times hourly with two services, one non-stop and the other that will transit cities and towns in four Malaysian states.
Newbie
Selling price of lakelife lower than expected
857psf JLD EC vs 17xx psf JLD condo . A EC psf that is less than half price of Jgateway !!
No other district has such wide differentials between new EC and new condo...
Beware!
SINGAPORE — Lake Life, the first executive condominium (EC) offering in Jurong in 17 years, has been priced at an average of S$857 per square foot (psf) for the 546-unit project, well below the indicative pricing as its developers seek to secure demand amid stricter financing rules.
The consortium of developers led by Evia Real Estate had earlier said units at Lake Life EC could be priced at S$880psf to S$890psf amid strong interest in the project. However, after analysing the profiles of its 1,853 e-applicants — a record high for an EC development — it found that the purchasing ability of the potential buyers was lower than expected.
“Most developers would target at least a 10 per cent margin, but then today we have the MSR (Mortgage Servicing Ratio), and looking at the buyers’ income levels and ability to borrow, I’m very reluctant to cross S$1.1 million for most units,” Evia’s managing partner Vincent Ong said yesterday.
“There’s also the risk that there’s still a lot of stock in the market — for private units, BTO (Build-to-Order) flats and ECs. I could have taken the position to price higher after receiving a record number of applications, but after our calculations, we have to price with buyers’ affordability in mind,” he added.
Mr Ong said the price level translates to a margin of around 6 per cent. The consortium paid S$272.84 million in July last year for the 217,298 sq ft site at Yuan Ching Road/Tao Ching Road that Lake Life sits on. At around S$418 psf per plot ratio, it is the most expensive EC land to date.
Several months after the record bid, the government announced in December last year that EC purchases would be subject to the 30 per cent MSR cap, a rule that many property analysts said would hit demand for the hybrid public-private homes.
Lake Life’s show flats will open tomorrow and Mr Ong hopes to secure buyers for at least half of the units on offer this weekend.
“While Lake Life is on the higher end of the spectrum, its lower selling price as compared to that of a private condominium means buyers will stand to reap even more returns in the future when taking into account the anticipated appreciation in market value when the EC is fully privatised,” he said.
Senior
This has got nothing to do with JLD, it has got to do with the holding power of developer. What this mean is that buyer who buy this project is going to HUAT when they complete the 5 years MOP.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Global recession is coming....
Really? You give them GUARANTEE that they will HUAT when they complete the 5 years MOP?
Let's see, after complete 5 years MOP means some time in 2022, wah lau!
By then, the govt's focus is now on developing some other "regional CBDs", like example Woodlands, or Changi ! People and the MEDIA will be talking and blowing trumpet and how much people will HUAT and how the QUALITY of life will be by "investing" in WLD, CLD, who will still remember JLD???
Senior
Before that....Really? You give them GUARANTEE that they will HUAT when they complete the 5 years MOP?
Let's see, after complete 5 years MOP means some time in 2022, wah lau!
By then, the govt's focus is now on developing some other "regional CBDs", like example Woodlands, or Changi ! People and the MEDIA will be talking and blowing trumpet and how much people will HUAT and how the QUALITY of life will be by "investing" in WLD, CLD, who will still remember JLD???
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Senior
Maybe they worried those who are interested may not be able to get loan if it is $psf is higher. It could also be a marketing gimmick to drop price just before sale commences.
Newbie
When we talk about Malaysia government land development and oil&gas production, we always talk about budget burst and project delay.
With HSR, it's no surprise. It is still a good addition thou. Concentration in the west can take HSR while concentration in the east can take flights.
Newbie
Lakelife avg price 850psf
Lakeville avg price 1200psf
J Gate ave price 1500psf
all are just 99 year condominiums, different regulations but the same after 10 years.
The truth is out there, i feel the most for one particular set of buyers.
Newbie
http://m.stproperty.sg/property-news...tions/a/186347
In HDB market, Jurong east HDB flats psf is one of the low end among Singapore HDB district, even lower than punggol
In Condo market, Jgateway is one of the most expensive OCR condo ever launched in Singapore history.
Serious mispricing here.... if JLD is so enticing, all Jurong real estate market will reprice higher, irregardless of HDB, EC or Condo.
Not so. Jgateway valuation is like a sore thumb sticking out.... astute investors beware
Senior
HDB surrounding JE MRT station are all over 25-30 years old while those in punggol are mostly new.
If you want to know what newer HDB flat near JE MRT cost, go check out Toh Guan. many are selling >$500psf.
http://www.stproperty.sg/view/hdb-di...tions/21696813
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Junior
What talking u? HDB flats in marine parade are equally old if not older n yet they are still selling @ premium prices...
Regardless of how old the HDB flats, if it's in good location, people will still buy @ premium prices..
Senior
a) Would a new HDB flat in Marine Parade cost more than the old one?
b) Have you not read the below comparison before "what talking you"?
In HDB market, Jurong east HDB flats psf is one of the low end among Singapore HDB district, even lower than punggol
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Junior
I was talking about a 30yr old HDB flat in marine parade compared to a 30yr old HDB in jurong..
GET IT?
Senior
I was talking about 30 years old Jurong East HDB vs 10 years old Punggol flat. GET IT?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Newbie
More and more foreign workers housed in Jurong dorms... Huat for the dormitory operators!
As the sun sets on Tuas, a remote area in a remote industrial estate gets busy.
Male workers clad in T-shirts or overalls stained with mud and grime get off covered lorries and file into factory buildings.
They are not reporting for work but going home after calling it a day at shipyards and construction sites all over Singapore.
Welcome to Tuas View Square, a 500m stretch of road where more than 10 factories have been refurbished into dormitories for foreign workers. It has become a kind of mini dormitory town and a home away from home to more than 5,000 workers, mainly from India and Bangladesh. It's almost a little Little India.
About five years ago, the scene at sunset would have been one of workers from Singapore and Malaysia filing out of the factories in casual attire after changing out of grey, white and blue uniforms.
Then, factories owned by multinational companies churned out goods like electronic parts and chemicals, said shopkeepers in the area.
But as companies relocated to cheaper locations overseas, the factories were turned into dorms by construction and marine firms over the last five years.
There are about 700 factory-converted dorms for foreign workers in industrial estates across Singapore. They house an estimated 100,000 or more foreign workers - about 25 per cent of the work permit holders in lower-skilled jobs in sectors such as construction and marine.
This dorm town in Tuas View Square, where Singapore's largest rubbish incinerator is in sight, is as far from anyone's backyard as can be. While barbed wire on fences or gantries remain, the security measures are unnecessary: Hardly anyone from outside visits.
In the evenings, some denizens of this nearly all-male town - there are only a handful of women, mainly shopkeepers - sit cross-legged on roadside kerbs to chat and drink beer.
The men, some clad in shirts and sarongs, also go on bicycles to visit friends in other dorms.
"I like the quiet," said an Indian shipyard worker. "I am around languages and people I know."
Some dorms have canteens where curries and rice are served round the clock; others house mini-marts and phone shops.
Some Singaporeans do brisk business here selling groceries and mobile phone cards. Mr Jonathan Koh, who is in his late 30s, said each night he and his two staff serve a few hundred workers, who spend $20 to $30 each to top up their phone cards.
"Business is quite good. There are few mobile phone shops here and it takes too long for the workers to travel outside," he said.
Dorm operators have had good business too. A bed in dorms here now costs around $250 a month per worker, up from $100 to $150 five years ago, say employers.
While the area has a relaxed atmosphere, the conditions in the factory dorms are not as good as those in purpose-built dorms, which cost more and have better facilities.
There is an obvious lack of recreational facilities, an issue also raised by a committee that looked into the Dec 8 Little India riots.
A Malaysian who works for a drinks company in Tuas View Square said: "The workers spend most of their free time sitting outside the dorms. There should be sports facilities for them."
Mr K. Ganesh, 49, who runs a mini-mart and canteen, said every night, hundreds of workers come by to buy a few cans of beer each. They munch on murukku as they watch old Tamil movies on large screens. "The workers do hard work. They have a few cans of beer to relax," he said.
The Straits Times wanted to go inside the rooms, but a few owners of the buildings in Tuas View Square declined requests to visit.
Some of the dorms look neat and clean from the outside. However, most of the factory-converted premises appear cramped.
Rows of damp uniforms hang on dusty window louvres. Some windows are boarded up, others show double-decker beds.
Of 20 workers interviewed, only a few said their living areas were clean. Most complained of filth. There are rats, ants and mosquitoes in their rooms, said the men. The pests are drawn to the food left around as there are no storage areas or refrigerators.
A Bangladeshi worker said: "The rats bite our feet when we sleep at night. We set up rat traps but haven't caught any so far."
Another worker said: "My home in India is much cleaner."
Others are frustrated by the lack of toilets, which often get choked. "We have to wait for more than an hour every night and in the morning to use the toilet," said a worker from India.
Some of the dorms have kitchens, which the men say are dirty most of the time. Cleaners wash the dorms infrequently.
But it's not all bad.
While this dormitory town is far from residential areas, it is near workplaces such as the shipyards in Jurong.
[email protected]
[email protected]
- See more at: http://www.straitstimes.com/news/sin....c7l4Lkdh.dpuf
Junior
30yrs old hdb flat in jurong resale price vs 30yrs old hdb flat in marine parade ...this is a no brainer as to which will command a much higher resale price !
Senior
I know, its like comparing Jurong condo to Nassim, CCR vs RCR vs OCR. Then again, who doesnt know. You think you smart? Or just pointlessly childish?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Senior
When forummer start making racist and degrading remarks about foreigners who help build this country, you need to BEWARE.
As the saying goes, leopard will not change it spot regardless of which forum account they use.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Newbie
Which part of the strait times article is making racist and degrading remarks about foreigners?
I am very happy to see more and more foreign workers housed in good dormitories in Jurong.
More and more foreign workers, after hard day of work, can now enjoy their off-day in Westgate and JEM shopping centres, or Jurong lake. There are now buses ferrying them from dormitories to Westgate and JEM on weekends for shopping.
As the sun sets on Tuas, a remote area in a remote industrial estate gets busy.
Male workers clad in T-shirts or overalls stained with mud and grime get off covered lorries and file into factory buildings.
They are not reporting for work but going home after calling it a day at shipyards and construction sites all over Singapore.
Welcome to Tuas View Square, a 500m stretch of road where more than 10 factories have been refurbished into dormitories for foreign workers. It has become a kind of mini dormitory town and a home away from home to more than 5,000 workers, mainly from India and Bangladesh. It's almost a little Little India.
About five years ago, the scene at sunset would have been one of workers from Singapore and Malaysia filing out of the factories in casual attire after changing out of grey, white and blue uniforms.
Then, factories owned by multinational companies churned out goods like electronic parts and chemicals, said shopkeepers in the area.
But as companies relocated to cheaper locations overseas, the factories were turned into dorms by construction and marine firms over the last five years.
There are about 700 factory-converted dorms for foreign workers in industrial estates across Singapore. They house an estimated 100,000 or more foreign workers - about 25 per cent of the work permit holders in lower-skilled jobs in sectors such as construction and marine.
This dorm town in Tuas View Square, where Singapore's largest rubbish incinerator is in sight, is as far from anyone's backyard as can be. While barbed wire on fences or gantries remain, the security measures are unnecessary: Hardly anyone from outside visits.
In the evenings, some denizens of this nearly all-male town - there are only a handful of women, mainly shopkeepers - sit cross-legged on roadside kerbs to chat and drink beer.
The men, some clad in shirts and sarongs, also go on bicycles to visit friends in other dorms.
"I like the quiet," said an Indian shipyard worker. "I am around languages and people I know."
Some dorms have canteens where curries and rice are served round the clock; others house mini-marts and phone shops.
Some Singaporeans do brisk business here selling groceries and mobile phone cards. Mr Jonathan Koh, who is in his late 30s, said each night he and his two staff serve a few hundred workers, who spend $20 to $30 each to top up their phone cards.
"Business is quite good. There are few mobile phone shops here and it takes too long for the workers to travel outside," he said.
Dorm operators have had good business too. A bed in dorms here now costs around $250 a month per worker, up from $100 to $150 five years ago, say employers.
While the area has a relaxed atmosphere, the conditions in the factory dorms are not as good as those in purpose-built dorms, which cost more and have better facilities.
There is an obvious lack of recreational facilities, an issue also raised by a committee that looked into the Dec 8 Little India riots.
A Malaysian who works for a drinks company in Tuas View Square said: "The workers spend most of their free time sitting outside the dorms. There should be sports facilities for them."
Mr K. Ganesh, 49, who runs a mini-mart and canteen, said every night, hundreds of workers come by to buy a few cans of beer each. They munch on murukku as they watch old Tamil movies on large screens. "The workers do hard work. They have a few cans of beer to relax," he said.
The Straits Times wanted to go inside the rooms, but a few owners of the buildings in Tuas View Square declined requests to visit.
Some of the dorms look neat and clean from the outside. However, most of the factory-converted premises appear cramped.
Rows of damp uniforms hang on dusty window louvres. Some windows are boarded up, others show double-decker beds.
Of 20 workers interviewed, only a few said their living areas were clean. Most complained of filth. There are rats, ants and mosquitoes in their rooms, said the men. The pests are drawn to the food left around as there are no storage areas or refrigerators.
A Bangladeshi worker said: "The rats bite our feet when we sleep at night. We set up rat traps but haven't caught any so far."
Another worker said: "My home in India is much cleaner."
Others are frustrated by the lack of toilets, which often get choked. "We have to wait for more than an hour every night and in the morning to use the toilet," said a worker from India.
Some of the dorms have kitchens, which the men say are dirty most of the time. Cleaners wash the dorms infrequently.
But it's not all bad.
While this dormitory town is far from residential areas, it is near workplaces such as the shipyards in Jurong.
Newbie
Valuation of 30yr old jurong east HDB is less than 10yr old Punggol flat.
Are you saying that, in next 25years when JLD is fully developed, valuation of 30yr old Jgateway will be less than 10yr old Punggol condo?
Senior
Only low life human beings will engage in such discussion and certainly speaks plenty of a low life person character.
The distant from Tuas to JLD is the same distant from JLD to Orchard.
So tell us what are you driving at?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Senior
I am saying that you should just shut up and stop sprouting nonsense in this forum,
300,000sqft of office space here is referring to Westgate Tower, which is just one of the many development within the JLD.
And here you are using 3,000,000 sq feet of office space coming to CBD to compare with Westgate.
Westgate vs CBD??? Does it even make sense.
Never mind if it doesnt.
Under the JLD masterplan, when completed, JLD will have more than 5,000,000 sqft of office space and
I think any sensible person who are vested around JLD area should be excited.
Again, this is a good example why I say its pointless for troll to operate so many fakes forum accounts when its always
the same nonsense again and again.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Newbie
Why lowly? Afterall, foreign workers build our nation
There are many foreign workers dormitories in Jurong, not just Tuas.
The nearest foreign workers dormitory is Jurong Penjuru Dormitory which is less than 3km from Jgateway..
With Tuas nearer to JLD than to Orchard, transport is provided for foreign workers to JEM and Westgate.. see more and more of them enjoying time off in JLD ...
Newbie
Under Woodland masterplan, when completed, Woodlands will have more than 7,000,000 sqft of commercial space..
So woodland residents should be more excited
Everone huat ah!
http://www.ura.gov.sg/uol/master-pla...n/north-region
Senior
You obviously can't tell the difference between commercial and office space right?
not surprising actually.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Global recession is coming....
Thought we will have another Singapore's regional CBD - Woodlands Lake District or WLD from 2022?
Junior
Just trying to point out to someone who thought he knows alot which in fact he's talking cock half the time n which no one listens to what he says.... LOL
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