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Thread: The SANTORINI - Tampines Ave 10/ Street 86 (Parcel B), 99 yrs LH, MCC Land

  1. #61
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    Quote Originally Posted by teddybear View Post
    So expect J Gateway to get same lousy quality workmanship as this condo people are complaining?
    Obviously the amateur investors like teddybear will confuse MCC LAND with MCL LAND...

    is this some kind of self pwned sunday or what?? LOL!!!
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  2. #62
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    Quote Originally Posted by Vpromax View Post
    MCC Land was on news yesterday for their lousy workmanship. Check it out at today online. Owners at Canopy complain about workmanship issues. The end product is not acceptable.
    They should have a what you see what you get showflat so that people can have a basis for what to expect for their end product, and can use it as a guide in case the real thing falls short of expectation.

    Current type of showflats with gimmicks ID masks the inferior workmanship that some developers will deliver.

  3. #63
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    Their showflat already quite a turn off... wardrobe door fake one, kitchen cabinet dummy one. I try to open cannot open. Shwroom quality already so lack of sincerity, can't believe how the actual product will look like.. so sad n left the place.

  4. #64
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    Is the showflat open today?

  5. #65
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    Quote Originally Posted by dtrax View Post
    Their showflat already quite a turn off... wardrobe door fake one, kitchen cabinet dummy one. I try to open cannot open. Shwroom quality already so lack of sincerity, can't believe how the actual product will look like.. so sad n left the place.
    First time I hear this. I would think showflat quality show be much better than actual unit. Maybe they launch in a hurry or they already taken it for granted that the project will sell very well...

  6. #66
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    Quote "Bounded by Tampines Avenue 10, 8, 5 and 1, The Santorini is fairly close to Tampines MRT station and bus interchange, as well as the Pan-Island and Tampines expressways. The upcoming Downtown Line and the Bartley Viaduct will also be within close proximity."

    Brings the term "fairly close" to the next level. haha.

    Now I can saw with confidence that Punngol is fairly close to Orchard Road too!

    Tampines condominium to launch on Saturday
    MCC Land's The Santorini is expected to cost $1,100 to $1,200 psf
    BYLEE MEIXIAN

    [email protected]
    PRINT |EMAIL THIS ARTICLE
    BT 20140327 LMXTAMPINES27 1017661
    Water everywhere: The Santorini is ringed by Bedok Reservoir and Tampines Quarry
    MCC Land, a unit of Hong Kong and Shanghai-listed Metallurgy Corporation of China, will be launching its Mediterranean-inspired condominium project, The Santorini, at Tampines Avenue 10 this Saturday.
    The 597-unit condominium in Tampines New Town is surrounded by two large water bodies, Bedok Reservoir and Tampines Quarry. "The Santorini will be ringed by a continuous and scenic waterline, evoking a coastal Mediterranean feel," the developer said.
    Market sources put the average price at $1,100 to $1,200 per square foot (psf).
    This was in line with consultants' price forecasts of "above $1,100 psf", given that the break-even price for the project is $940 to $1,050 psf.
    Nearby, Sim Lian Group's Waterview is selling at an average $1,014 psf, while Q Bay Residences - a joint development by Fraser and Neave, Far East Organization and Sekisui House - is selling at an average $1,030 psf.
    Commenting on The Santorini's comparably higher psf price, SLP International research head Nicholas Mak said: "The developer seems to be pushing the price envelope in this area."

    In quantum terms, prices range from $508,200 for the smallest unit (a 463 sq ft one-bedder) to $2 million for the largest unit, a 1,841 sq ft four-bedroom duplex.

    The Santorini will comprise eight 15-storey towers and one 14-storey tower of one to five-bedroom units.

    It will also feature two and three-bedroom dual-key units, three and four-bedroom garden duplex units, as well as penthouses with four and five-bedroom configurations.

    Tampines New Town has not seen a new condominium launch in a while, said MCC Land's senior manager, Richard Nah. "As such, we hope that The Santorini will satiate homebuyers' demand for a new home in this region."

    Bounded by Tampines Avenue 10, 8, 5 and 1, The Santorini is fairly close to Tampines MRT station and bus interchange, as well as the Pan-Island and Tampines expressways. The upcoming Downtown Line and the Bartley Viaduct will also be within close proximity.

    The condominium is also a five-minute drive to the Tampines Regional Centre, touted to be the "commercial hub of the east" housing many major banks and insurance companies such as AIA, UOB and DBS, as well as malls such as Tampines Mall and Century Square.

  7. #67
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    1 Bedroom Price Start From $508,000
    2 Bedrooms Price Start From $737,000
    2 Bedrooms Dual Key Price Start From $960,000
    3 Bedrooms Price Start From $941,000
    3 Bedrooms Dual Key Price Start From $1,159,000
    4 Bedrooms Price Start From $1,290,000
    4 Bedrooms Dual Key Price Start From $1,516,000
    5 Bedrooms Price Start From $1,439,000
    Penthouse Price Start From $1,448,000

  8. #68
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    Quote Originally Posted by dtrax View Post
    1 Bedroom Price Start From $508,000
    2 Bedrooms Price Start From $737,000
    2 Bedrooms Dual Key Price Start From $960,000
    3 Bedrooms Price Start From $941,000
    3 Bedrooms Dual Key Price Start From $1,159,000
    4 Bedrooms Price Start From $1,290,000
    4 Bedrooms Dual Key Price Start From $1,516,000
    5 Bedrooms Price Start From $1,439,000
    Penthouse Price Start From $1,448,000
    not bad compare to the land price

  9. #69
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    VIP launch today? Anyone bought?

  10. #70
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    https://www.facebook.com/photo.php?f...7292112&type=1

    The crowd today taken from Facebook.

  11. #71
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    Quote Originally Posted by nickq View Post
    https://www.facebook.com/photo.php?f...7292112&type=1

    The crowd today taken from Facebook.
    You call this crowd? I can straight away count and see they arr not buyers by their look

  12. #72
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    mass market suburban condo of course have sizeable crowd lah.

  13. #73
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    since it was crowded! How many units sold today?

  14. #74
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    Quote Originally Posted by 4wheels View Post
    since it was crowded! How many units sold today?
    I'm interested to find out also.

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    the sales must be very poor

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    Quote Originally Posted by terrynfs View Post
    the sales must be very poor
    Heard only 15% sold.

  17. #77
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    Quote Originally Posted by nickq View Post
    Heard only 15% sold.
    yup news reported. 40% of 200 units launched sold

  18. #78
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    Quote Originally Posted by dtrax View Post
    yup news reported. 40% of 200 units launched sold
    Not too bad lah considering the negative publicity (on the developer) prior to this launch.

  19. #79
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    I went to the showroom today at 4.30pm, was told all 1-bedder sold out.

  20. #80
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    Buyers better buy for own-stay.
    If buy for investment, good luck to them!
    Heard there isn't much demand for rental in the OCR areas nowaday.

    Quote Originally Posted by VS View Post
    I went to the showroom today at 4.30pm, was told all 1-bedder sold out.

  21. #81
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    Quote Originally Posted by VS View Post
    I went to the showroom today at 4.30pm, was told all 1-bedder sold out.
    Most probably only those released stacks, not all.

  22. #82
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    Quote Originally Posted by azeoprop View Post
    Most probably only those released stacks, not all.
    Was told one bedder still available leh. Just 30 mins ago.

    Anyway the flooring is not marble, but some marble lookalike tiles. The enclosed kitchen for one bedder seems nice though. The planter box very ugly.

  23. #83
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    Quote Originally Posted by felicia_sg View Post
    Buyers better buy for own-stay.
    If buy for investment, good luck to them!
    Heard there isn't much demand for rental in the OCR areas nowaday.
    I known some very rich folks who snapped up 4 units of Qbay for investments....they believe this area got excellent potential. Investments do not have to be just for rental. These investors also made lots of money before from investing in many units at a condo near Buangkok MRT at 650psf and then reselling them later on. So if they say got potential, then worthwhile to reassess.

  24. #84
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    Quote Originally Posted by sunboy77 View Post
    Launching soon in March!

    Draft floor plans are available! Call/SMS me at 96882200 for more info.

    THE SANTORINI

    Most units get either quarry lake view, or pool view, or both.
    Beautiful landscaping - theme is "Modern Contemporary Mediterranean".
    Good amenities.

    8 block x 15 storeys.

    165 units x 1BR (43 sqm - 49 sqm)
    172 units x 2BR (67 sqm - 85 sqm)
    206 units x 3BR (85 sqm - 117 sqm)
    27 units x 4BR (115 sqm - 132 sqm)
    14 units x 5BR (127 sqm - 128 sqm)
    6 UNITS X Garden Duplex (166 sqm - 185 sqm)
    7 units x penthouse (122 sqm - 149 sqm)

    See also URA land sales info: http://www.ura.gov.sg/uol/land-sales...-10-pb-cl.aspx





    I noticed the development is next to future place of worship. Fengshui wise... Hmm

  25. #85
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    Official website with full floor plans
    http://www.thesantorini.sg/

    e brochure
    http://www.thesantorini.sg/e-brochure.pdf

  26. #86
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    http://www.businesstimes.com.sg/spec...point-20140401

    Published April 01, 2014

    Sales at The Santorini disappoint

    Only 80 of the 200 units released at the 597-unit condo's weekend launch sold

    By lee meixian [email protected]


    OF the 200 units released at The Santorini's launch over the weekend, only 80, or 40 per cent, have been sold, leading analysts to suggest that the market is tiring of too much supply of similar mass-market projects, particularly ones with low-quantum compact units.

    The units sold at the "Mediterranean-inspired" Tampines condominium were mostly one and two-bedroom units, a spokesman for developer MCC Land (Singapore) Pte Ltd told BT. This was expected, since over half of the condominium's 597 units are one and two-bedders.

    Compact units have become the rage since the Total Debt Servicing Ratio (TDSR) framework rolled out last June lowered the loan-to-value limits for buyers who have an existing home mortgage and are still looking to buy more residential properties.

    Buyers have therefore had to scale down their sights to lower-quantum investment property purchases.

    "For most middle-class buyers, this is all they can afford as a second property. The TDSR framework has restricted the liquidity in the market," said SLP International research head Nicholas Mak.

    Prices at The Santorini start from $508,200 for the smallest unit, a 463-sq-ft one-bedder.

    From the developer's point of view, selling units at "small quantum with higher-dollar per square foot prices" will also help it to break even more easily, given the high price at which it bid the land for - at $562.01 per square foot per plot ratio - for a plot not walking distance to the MRT station and in an area with quite a lot of new supply, Century 21 chief executive Ku Swee Yong said.

    He estimates that more than 25,000 units will come onstream in the Punggol, Sengkang, Tampines and Pasir Ris area in the next three to four years.

    Price at The Santorini's units average $1,100 per sq ft, slightly higher than the nearby Waterview and Q Bay Residences condominiums.

    Looking ahead, most consultants believe that the appetite for one and two-bedders will dwindle.

    Mr Ku said: "It will be tougher to find additional new sources of buyers even at the $500,000 mark. This segment of mass market buyers buying at low quantum may have been exhausted already."

    He added that compact investment units are also untested in terms of rentals. Referring to The Santorini development, he said: "How many people will be looking to rent a one-bedroom of about 500 sq ft? What sort of rents can you get? Would a renter rather take a three-room HDB flat that he can share with a colleague for $2,000 a month, or pay for a much smaller room with more facilities? It's a bit of a struggle."

    But Chesterton Singapore managing director Donald Han thought otherwise. He sees the trend of developers releasing and buyers snapping up low-quantum small units continuing.

    "The sweet spot is really $800,000 and below - which is what one- and two-bedroom units are targeting at," he said. "The fact that The Santorini can sell 80 units is deemed a fairly good number to achieve in a slowing market."

  27. #87
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    unattractive development. dont talk about their pricing just look at the location in comparison to other developments.

    Waterview has fantastic view, Qbay also in front of quarry, this one is at the side and next to demarcated plot for place of worship.

    but got to say the greek resort theme is not bad.

  28. #88
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    Quote Originally Posted by bubblez View Post
    unattractive development. dont talk about their pricing just look at the location in comparison to other developments.

    but got to say the greek resort theme is not bad.
    Track record is important. MCC land is foreign developer.

    Their project Canopy condo, from the TODAY newspaper report quote:
    "the standard is definitely not up to the mark”. He claimed that he found more than 500 defects, including a gas pipe that is not connected to the stove."

    Why would one spend $1100psf to buy from developer without proven track record.

    See the TODAY paper link:
    http://www.todayonline.com/singapore...ampaign=buffer

  29. #89
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    Yah loh, 1100psf for a lemon. Best wait for it to be completed and see the actual unit before buying. Like that they will be more careful with quality control.

  30. #90
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    Talking The Santorini | D18

    Nearby MRT:
    Tampines MRT Station

    Nearby Schools:
    Temasek Polytechnic
    Junyuan Secondary School
    St Hilda’s Secondary School
    St Hilda’s Primary School
    Poi Ching School
    Tampines JC
    ITE College East
    United World College of South East Asia (East Campus)
    Singapore University of Technology & Design
    East View Primary School

    Why The Santorini Condo:
    Close proximity to the Tampines MRT Station.
    Upcoming developing condo in Tampines area .
    The Santorini Condo TOP is expected to be in August 2018.
    Drivers are well served by major expressways such as AYE, PIE & KJE.
    Enjoy recreational activities & want to have a healthy lifestyle? Tampines Quarry, Bedok Reservoir Park, Pasir Ris Park, SAFRA Tampines,Tanah Merah Country Club & Laguna National Golf Course are not too far away to provide a breather from the hustle and hustle bustle of life.
    Plenty amenities such as the Tampines Mall, Tampines One, Century Square, IKEA Tampines, Courts Tampines & GIANT Tampines are within a short driving distance.

    Credits: The Santorini Condo Official Homepage: View The Santorini Condo prices or The Santorini Condo Floor Plan now!
    Also view other developments by MCC Land: The Poiz Residences

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