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Thread: Yishun ctrl Mixed development at $1076 psf ppr!!!

  1. #61
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    Jul 2013
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    Default Sembawang to have integrated Sports Hub

    http://www.channelnewsasia.com/news/...ve/838162.html

    Site likely to be next to the Sembawang MRT Station. 3 to 4 hectares.
    It could include integrating the sport complex with a park, a library and a hawker centre.

  2. #62
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    Quote Originally Posted by glpng View Post
    http://www.channelnewsasia.com/news/...ve/838162.html

    Site likely to be next to the Sembawang MRT Station. 3 to 4 hectares.
    It could include integrating the sport complex with a park, a library and a hawker centre.
    I'm glad they acknowledged that it's long overdue considering that the ward has been so supportive in terms of votes for the longest time.

    Having said that, another 10 years wait isn't very short either......

  3. #63
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    checked out nine residences yesterday.. actually not expensive.

    4BR is 900+ psf...
    3BR is 1000+ psf.

    i mean, compared to SM, or yishun hub, this is not exx. and depending on how you see it, there's the convenience of the shops just below. private lift for residents. and not too far from MRT.

    let's say, 2 bus stop from MRT - 1000+ psf... and on top of northpoint - 1,600 psf. choose which one better?

    anyway, not buying. but am surprised at the cheap price. and the loft units for #4 and #14 are really quite nice.
    There is no good or bad location. There is only good or bad price.

  4. #64
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    Quote Originally Posted by Shanhz View Post
    checked out nine residences yesterday.. actually not expensive.

    4BR is 900+ psf...
    3BR is 1000+ psf.

    i mean, compared to SM, or yishun hub, this is not exx. and depending on how you see it, there's the convenience of the shops just below. private lift for residents. and not too far from MRT.

    let's say, 2 bus stop from MRT - 1000+ psf... and on top of northpoint - 1,600 psf. choose which one better?

    anyway, not buying. but am surprised at the cheap price. and the loft units for #4 and #14 are really quite nice.
    Cheap price means it will not help much in pulling up price in Yishun.

  5. #65
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    Default NINE RESIDENCE VVIP PREVIEW DAY .

    will it be another hot project for oct ?

  6. #66
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    Default

    Quote Originally Posted by Noexit View Post
    will it be another hot project for oct ?
    Don't know if it is just me or the photo resolution is low but the ID looks cheap. Especially the kitchen and the wardrobe.

  7. #67
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    Quote Originally Posted by Noexit View Post
    will it be another hot project for oct ?
    you din take picture of the loft for the 3BR? i tot that was quite nice.
    There is no good or bad location. There is only good or bad price.

  8. #68
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    Default

    any live reporters here?

  9. #69
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    Quote Originally Posted by iridrium View Post
    Don't know if it is just me or the photo resolution is low but the ID looks cheap. Especially the kitchen and the wardrobe.
    The id material use is so so .

  10. #70
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    let me do the updates

    Residential - only 59 sold as of around 6pm

    Cheapest Now:
    1BR - $605k
    2BR - $781k
    2+S - $809k
    3BR - $920k
    4BR - $1.097mil
    5BR - $1.214mil
    Strata Terrace (Left 2) - $1.62mil
    http://SGNewCondoLaunch.com

    Feel free to take a look. Something new every month

  11. #71
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    Quote Originally Posted by ZeeWee View Post
    let me do the updates

    Residential - only 59 sold as of around 6pm

    Cheapest Now:
    1BR - $605k
    2BR - $781k
    2+S - $809k
    3BR - $920k
    4BR - $1.097mil
    5BR - $1.214mil
    Strata Terrace (Left 2) - $1.62mil
    Wow, sales is tepid hor ... even at these prices ...

  12. #72
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    as usual, u r our trustworthy resident agent.

    Quote Originally Posted by ZeeWee View Post
    let me do the updates

    Residential - only 59 sold as of around 6pm

    Cheapest Now:
    1BR - $605k
    2BR - $781k
    2+S - $809k
    3BR - $920k
    4BR - $1.097mil
    5BR - $1.214mil
    Strata Terrace (Left 2) - $1.62mil

  13. #73
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    Quote Originally Posted by bargain hunter View Post
    as usual, u r our trustworthy resident agent.
    lol

    just happened to have info la.. been slacking for so long liao
    http://SGNewCondoLaunch.com

    Feel free to take a look. Something new every month

  14. #74
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    maybe they didn't do enough marketing.

  15. #75
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    Agree but commercial units already 85% sold as of yesterday. Today maybe bo liao.

    Supermarket & Foodcourt sold to 1 party, should be ntuc. Based on $3500 psf, it will cost around $50 mil.

  16. #76
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    but wrong thread for nine res. & J9.

  17. #77
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    Quote Originally Posted by kane View Post
    maybe they didn't do enough marketing.
    Ya they should advertise in tv with mediacorp actor or actress. The SkyPark ec advertisement so interesting. Hahaha.

  18. #78
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    Quote Originally Posted by Shanhz View Post
    checked out nine residences yesterday.. actually not expensive.

    4BR is 900+ psf...
    3BR is 1000+ psf.

    i mean, compared to SM, or yishun hub, this is not exx. and depending on how you see it, there's the convenience of the shops just below. private lift for residents. and not too far from MRT.

    let's say, 2 bus stop from MRT - 1000+ psf... and on top of northpoint - 1,600 psf. choose which one better?

    anyway, not buying. but am surprised at the cheap price. and the loft units for #4 and #14 are really quite nice.

    Just visited the show room this afternoon. Personally, I find the price quite is very reasonable but no extra budget to buy another unit.

  19. #79
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    Quote Originally Posted by ZeeWee View Post
    lol

    just happened to have info la.. been slacking for so long liao
    \

    Hi ZeeWee, any idea on the sales for 9R & J9 ?

  20. #80
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    Quote Originally Posted by ZeeWee View Post
    let me do the updates

    Residential - only 59 sold as of around 6pm

    Cheapest Now:
    1BR - $605k
    2BR - $781k
    2+S - $809k
    3BR - $920k
    4BR - $1.097mil
    5BR - $1.214mil
    Strata Terrace (Left 2) - $1.62mil
    Wow, bro ZeeWee, you are zhun!

    60 units of Nine Residences sold
    Chip Eng Seng also sells 124 strata retail units in Yishun mixed-development project
    BYKALPANA RASHIWALA [email protected]
    BT 20131012 KRNINE12 793298
    AT THE LAUNCH
    Many of the retail units and even some of the residential units were balloted due to demand from more than one potential buyer
    CHIP Eng Seng yesterday sold about 60 apartments in Nine Residences, the residential component of its 99-year leasehold Yishun mixed-development project. It priced the initial 100 units

    at $1,070 per square foot on average. Nine Residences comprises 186 units.

    The developer has also sold some 124 of the total 146 strata retail units in Junction Nine, which will occupy the first two levels of the 14-storey project about 750 metres from Yishun MRT Station. The 124 strata unit sales include more than 10 units that had been sold before yesterday's launch - inclusive of the 10,527 sq ft supermarket unit and a 4,209 sq ft unit approved for foodcourt use, both acquired by the same party.

    As for the strata retail units that were sold yesterday, many had to be balloted due to demand from more than one party.

    Garnering the highest level of interest was a 118-sq ft shop unit on the second level priced at $551,000 or about $4,670 psf. Fifty-two cheques were understood to have been submitted for its ballot.

    Prices of the retail units range from $4,500 psf to $5,500 psf on the first level and $3,000-4,500 psf on the second level. Even some of the apartments had to be balloted.

    Raymond Chia, group CEO of Chip Eng Seng, said: "Given the current cautious market conditions as well as the fact that there are many launches, we're happy to have achieved this result on the first day of sales."

    "Following TDSR (total debt servicing ratio), we priced both the residential and retail components at around 10-15 per cent lower than our original expectation," he added.

    Under the TDSR framework rolled out in late-June, financial institutions, when granting property loans to individuals, have to ensure that a borrower's monthly total debt repayments do not exceed 60 per cent of his gross monthly income.

    Nine Residences comprises one to five-bedroom apartments as well as six duplex strata units. Four of the duplex units have been sold at $1.6-1.7 million. Each duplex unit has four bedrooms and a family area, with 1,905 sq ft strata area inclusive of void area due to a double-volume living room.

    Absolute prices of apartments start from around $600,000 for a one-bedder of 495 sq ft. Three bedders - which range from 915-1,001 sq ft - are priced mostly at under $1 million. Chip Eng Seng is developing the mixed development on a site that it clinched at a state tender in January this year.

    The property and construction group's winning bid of $794.44 per square foot per plot ratio was 9.5 per cent above the second highest offer. The tender drew 13 bids. By some market estimates, Chip Eng Seng's breakeven cost could be around $850 psf for the residential component and in the region of $2,500 psf for the retail.

  21. #81
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    Quote Originally Posted by iridrium View Post
    "Following TDSR (total debt servicing ratio), we priced both the residential and retail components at around 10-15 per cent lower than our original expectation," he added.


    The property and construction group's winning bid of $794.44 per square foot per plot ratio was 9.5 per cent above the second highest offer. The tender drew 13 bids. By some market estimates, Chip Eng Seng's breakeven cost could be around $850 psf for the residential component and in the region of $2,500 psf for the retail.
    how much really is their margin planned to be before TDSR? lower 10-15% and still can make 200psf?
    There is no good or bad location. There is only good or bad price.

  22. #82
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    Quote Originally Posted by Shanhz View Post
    how much really is their margin planned to be before TDSR? lower 10-15% and still can make 200psf?
    They can also reduce cost to keep their margins mah.

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