Congrats BroOriginally Posted by PropertiesHunter
will be getting mine tomorrow
Congrats BroOriginally Posted by PropertiesHunter
will be getting mine tomorrow
Congrats...
My wife and I have some friends who are making the place their home. We viewed it because of their decision... almost ended up there but well.... perhaps another time.
Can somebody tell me what is the attraction of Botannia? I don't see anything, no mrt, far from town, very near industry and factroy, not near any heartland malls or town centre, no market, no bus interchange????? Wat??
erhmm... replace "Botannia" by "Infiniti", "Carabelle", "Montery Park", same qustionOriginally Posted by xebay11
(run and hide now... )
They all have shuttle bus to Clementi MRT, quite near to Nan Hua, and most importantly, highly affordable.
i) 999
ii) Affordable prices from $6xx onwards to $8xx...
iii) Alot of space as only a few blocks... agent was saying about 50% utilisation rate.
iv) Near Nan Hua
v) Reserviour view, pool view, no view
vii) Near Jap school.
Just a few.. maybe there will be more.
Sometimes lack of everything in itself is a good point too. Which also means quiet... Well, one man's pill is another man's poison. Some like quiet, some prefer lots of facilitiesOriginally Posted by Condorich
there are 2 kinds of rich people in spore ...Originally Posted by boeing777
smart and rich ... they buy and live in good class bungalow , nice and serence (quiet).
rich only ... they buy ION ..so expensive , so noisy ..maybe they are lonely ..need to be near crowd and noise
I think you misunderstood me or perhaps my posting is better direct to Propertieshunter. Let go back to our posting.Originally Posted by Condorich
1. I commented everything were spendid in Botannia except the lack of chute and emphasize it my humble opinion.
2. I'm answering a question when someone ask if there a in-house chute.
None of my posting are judgemental as in commenting if one should buy or not buy due to lack of chute. See the differences between your post & mine?
PS: Ya, thats a nice avatar. My son put it up for me. It from a Macdonald advertisment and the lady was related to us.
This posting is generally for sharing.Originally Posted by Condorich
1. The agent that say 50% utilsation rate is not true. Total resid-GFA is way far more than 50% of allowable GFA in this development. It mean the empty land around is not allow to build anymore under approve GFA unless the 12 storey go down to 6 storey. As far as I know, NO condo development in singapore had utilised less than 50% allowable GFA for sale. However, the unit to land ratio for botannia is 826 which is higher than Carabelle 701 (This is comparable as both sharing the same plot ratio). Which generally equal to less congestion for Botannia. But again, any condo that are more than 500 ratio is consider good in current context less those Newton condo aka office tower. The quartz which is mass-market is exceptional and will be very congested in view of resid to common ratio.
2. If I'm wasn't wrong, only infinity and carabelle are within 2km to Nan Hua. Not MP and Botannia. But again, chances are getting slimmer even if you are within 1km to Nan Hua.
Quiet? There are so many other condos near facilities and yet still quiet and serene. Besides these few condos all somehow face the expressways, albeit further in a little but still get noise and dust, there are other far quieter and more serene condos surrounded by lush greenery.Originally Posted by boeing777
But Botannia is near industries and factories which spill out so much pollution and also relatively near dusty expressways, I don't see GCBA environment there.Originally Posted by proud owner
. (You better hide in bomb shelter. )
Originally Posted by amk
Ok yes.. sometimes the replies crossed. Nevermind.. just comment and say what you believe in.Originally Posted by apple3
hhmm i am not an owner of Infiniti, carabelle or botanniaOriginally Posted by xebay11
BUT i went there about 2 mths ago before carabelle and botannia were TOP ..
i must say Botannia was my favorite ...
it is surprisingly quiet ...
why so opinionated? why don't you pay botannia and carabelle a visit to see for yourself. After the tours, which can be arranged by an agent if you pose as a potential buyer, you would not be so negative. In most parts of carabelle, you could hear a pin drop, and you would not hear any sound in and outside a unit. Botannia is also very quiet.Originally Posted by xebay11
it is quite funny to see how people who bought botannia fight for botannia and people who bought carabella fights for carabella.
To me, it is really one man's meat and another man's poison. its it really matter if one is more expensive then the other? they are right next to each other, for goodness sake...
i like both, in fact i like montary park as well... and i am looking to pick up a unit there for own stay...
my 2 cents worth, they are all about the same, with minor difference in between each of them, but nothing worth killing each other for. i like that location and that area. doesn't matter if they are not exactly near shopping center bus interchange etc..etc...
it is a decent area that is not too expensive still...
exactly... after a while... all will look the same.... and price should be quite similar except for those west sun units and units facing the expressway (softer asking). Otherwise, it makes a little difference after a while (owner will try to beat each other's offer price).
well, i dont understand why there is so much about whether which property is better.
As in you buy because you think it is good and you are willing to pay that kind of money for it. So why do you have to belittle others' decision...
I am sure there are factors whereby some think that botannia is better, some think that carabelle is better but they are both so different so how do you want to compare...
At the end of the day, i am sure no one will admit that their decision to buy the property they owned now is wrong. enough said.
Some Views
Any stack in Botania is in a true N-S orientation?
Just got off the phone with an agent. He said that the former hong leong garden condo will be launched by CDL at 1100 to 1200 psf. All the naysayers about botannia and carabelle should sit up and notice.
By the way, most units at the new condo will not be of the studio type. So the high prices can not be attributed to most units being the chicken coop mickey mouse type.
By the way, what I heard about pricing is from one agent only. Please take it with a grain of salt. but they should be some truth to it.
How to have upside in future when there are so many developments so close by in the future?
Developer can ask for what they want.. wait for market results.. which is the take up rate. Sometimes the market is irrational.Originally Posted by xebay11
The area used to be classified as low end condo... quoting from http://forums.condosingapore.com/showthread.php?t=8116
Can have upside when it becomes the norm... so the gains goes to the earlier batch of buyers.
Originally Posted by Condorich
Think there is a mistake in the quote. Launch price for Botannia was already 700psf and during the March period this year, the aver was 680 psf
Hey pal, from my source, it won't be in the range of 1100 to 1200 as stated by you. Most likely won't be passing the 1000psf mark on the average 3 bedders. My guess would be 850 to 950 with some early bird gimmick going for 800+-. Any punter?Originally Posted by stalingrad
Time would tell.
Last edited by apple3; 19-08-09 at 06:49.
does anyone knoe what is reasonable $/psf for leveling(decking) the planter area? i rec'd a quote for $20/psf for chenai wood.Originally Posted by dormer
I asked for cheaper alternative like synthetic materials (like those used for the benches at the bbq area) but contractor says cannot be done...sounds credible?
You may like to try to contact these 2 companies for composite decking.Originally Posted by Newton
http://www.nanoteakwood.com/compositeW.html
http://www.polydeck.biz/
Chengal decking has its pros and cons. I am using Chengai decking on my patio and i find slight cupping effect on some of the strips after half a year. Another common problem would be fading of the vanishing after a few months of sun and rain, depending on the type of varnish and layers applied.
I was keen on the composite decking but in the end we still go for Chengal wood because it shows the wood grains make makes it looks natural. And somehow it has a more natural feel on your feet.
I suggest you source around before confirming what type of decking you like to do. Bc if your area is big, it can be quite a investment.
The risk of a double-dip recession is rising
By Nouriel Roubini
Published: August 23 2009 18:55 | Last updated: August 23 2009 18:55
function floatContent(){var paraNum = "3"paraNum = paraNum - 1;var tb = document.getElementById('floating-con');var nl = document.getElementById('floating-target');if(tb.getElementsByTagName("div").length> 0){if (nl.getElementsByTagName("p").length>= paraNum){nl.insertBefore(tb,nl.getElementsByTagName("p")[paraNum]);}else {if (nl.getElementsByTagName("p").length == 3){nl.insertBefore(tb,nl.getElementsByTagName("p")[2]);}else {nl.insertBefore(tb,nl.getElementsByTagName("p")[0]);}}}}The global economy is starting to bottom out from the worst recession and financial crisis since the Great Depression. In the fourth quarter of 2008 and first quarter of 2009 the rate at which most advanced economies were contracting was similar to the gross domestic product free-fall in the early stage of the Depression. Then, late last year, policymakers who had been behind the curve finally started to use most of the weapons in their arsenal.
That effort worked and the free-fall of economic activity eased. There are three open questions now on the outlook. When will the global recession be over? What will be the shape of the economic recovery? Are there risks of a relapse?
On the first question it looks like the global economy will bottom out in the second half of 2009. In many advanced economies (the US, UK, Spain, Italy and other eurozone members) and some emerging market economies (mostly in Europe) the recession will not be formally over before the end of the year, as green shoots are still mixed with weeds. In some other advanced economies (Australia, Germany, France and Japan) and most emerging markets (China, India, Brazil and other parts of Asia and Latin America) the recovery has already started.
On the second issue the debate is between those – most of the economic consensus – who expect a V-shaped recovery with a rapid return to growth and those – like myself – who believe it will be U-shaped, anaemic and below trend for at least a couple of years, after a couple of quarters of rapid growth driven by the restocking of inventories and a recovery of production from near Depression levels.
There are several arguments for a weak U-shaped recovery. Employment is still falling sharply in the US and elsewhere – in advanced economies, unemployment will be above 10 per cent by 2010. This is bad news for demand and bank losses, but also for workers’ skills, a key factor behind long-term labour productivity growth.
Second, this is a crisis of solvency, not just liquidity, but true deleveraging has not begun yet because the losses of financial institutions have been socialised and put on government balance sheets. This limits the ability of banks to lend, households to spend and companies to invest.
Third, in countries running current account deficits, consumers need to cut spending and save much more, yet debt-burdened consumers face a wealth shock from falling home prices and stock markets and shrinking incomes and employment.
Fourth, the financial system – despite the policy support – is still severely damaged. Most of the shadow banking system has disappeared, and traditional banks are saddled with trillions of dollars in expected losses on loans and securities while still being seriously undercapitalised.
Fifth, weak profitability – owing to high debts and default risks, low growth and persistent deflationary pressures on corporate margins – will constrain companies’ willingness to produce, hire workers and invest.
Sixth, the releveraging of the public sector through its build-up of large fiscal deficits risks crowding out a recovery in private sector spending. The effects of the policy stimulus, moreover, will fizzle out by early next year, requiring greater private demand to support continued growth.
Seventh, the reduction of global imbalances implies that the current account deficits of profligate economies, such as the US, will narrow the surpluses of countries that over-save (China and other emerging markets, Germany and Japan). But if domestic demand does not grow fast enough in surplus countries, this will lead to a weaker recovery in global growth.
There are also now two reasons why there is a rising risk of a double-dip W-shaped recession. For a start, there are risks associated with exit strategies from the massive monetary and fiscal easing: policymakers are damned if they do and damned if they don’t. If they take large fiscal deficits seriously and raise taxes, cut spending and mop up excess liquidity soon, they would undermine recovery and tip the economy back into stag-deflation (recession and deflation).
But if they maintain large budget deficits, bond market vigilantes will punish policymakers. Then, inflationary expectations will increase, long-term government bond yields would rise and borrowing rates will go up sharply, leading to stagflation.
Another reason to fear a double-dip recession is that oil, energy and food prices are now rising faster than economic fundamentals warrant, and could be driven higher by excessive liquidity chasing assets and by speculative demand. Last year, oil at $145 a barrel was a tipping point for the global economy, as it created negative terms of trade and a disposable income shock for oil importing economies. The global economy could not withstand another contractionary shock if similar speculation drives oil rapidly towards $100 a barrel.
In summary, the recovery is likely to be anaemic and below trend in advanced economies and there is a big risk of a double-dip recession.
The writer is professor of economics at the Stern School of Business, NYU
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Hi Guys,
Any update on this development? seem like the asking price for the pool facing unit had gone higher and higher.
look like really had to invest in the TOTO this friday in order to get a unit here.