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Thread: Capitaland's Marine Blue

  1. #31
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    Some may like Cote A'Zur, others prefer Seaview, etc..........it sound like that there are still a lot of interest in the Katong and Amber area, more than the meyer road area. I guess the proximity to amenities is still an advantage, especially for rental?

    When is Marine Blue launching?

  2. #32
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    From searching the web, it looks like this will be 99 yr leasehold. Another 99 yr leasehold on freehold land?

  3. #33
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    probably taking cue from what FEO is doing in the vicinity. then parc seabreeze and coralis would look really attractive

  4. #34
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    wow are u sure this is gonna be 99LH? If it is, the prices may not be as high as predicted, ie it will be <1800-2000psf.
    however, that said, look at silversea and the shore. silversea i get it, but the shore - 1600-1700psf for a 103LH condo? plus, the location of marine blue is definitely (not arguably) better than the shore.
    so then again, should this be 99LH and not FH, prices will not be lower than 1700psf in my humble amateur opinion.

    at the end of the day, if the following condos can be sold at the prices they were sold/ are being sold at, then what more marine blue:
    1. sky habitat/sky vue
    2. j gateway
    3. echelon
    I've had enough. I'm done!!!

  5. #35
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    Already see alot of agents walkin around the parkway vicinity canvassing interests...

    The time has come....

    *I didnt ask, cos duno why no mood at the moment.... but may dropby showroom when they launch to go kaypoh abit...

  6. #36
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    It will remain as freehold, unlike PUI FEO.

    http://www.themarineblue.com/


  7. #37
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    Good project. Good time to buy now.

  8. #38

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    Marine Blue floor plan / E - Brochure here
    http://newlaunch-sgcondo.com/marine-blue-condo/
    (Near bottom, PDF file)
    Click on it to view or download.

  9. #39
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    Sales Gallery Open for Viewing from This Saturday, 29th November 2014, 11am to 6pm.
    Sales Gallery located along Bedok South Road (Near Siglap CC)

    floor plan / E - Brochure
    http://themarineblue.sg

  10. #40
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    if the price is 2Kpsf ... why wont the buyer grab those Orchard freehold condos?

  11. #41
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    Quote Originally Posted by kellogs View Post
    if the price is 2Kpsf ... why wont the buyer grab those Orchard freehold condos?
    Agreed! With CCR prices already crashing, it is a matter of time for prices in RCR and OCR to come down hard. Why buy at this price?

  12. #42
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    Quick Updates for Marine Blue Launch @ Marine Parade Road D15:

    Project Details
    Name: Marine Blue
    Location: Marine Parade Road
    Tenure: Freehold
    Site Area: 4,755.2 sqm
    Expected TOP Date: 15 Oct 2017

    Unit Mix
    1+1 bedroom with balcony 95 units (636 - 1,271 sqft)
    2 bedroom with balcony 13 units (1,045 sqft)
    1+ 1 bedroom with terrace 7 units (969 - 1,594 sqft)
    2 bedroon with terrace 1 unit (1,141 sqft)
    Penthouse 4 unit (3,036 - 3,262 sqft)
    Strata Terrace 4 units (3,682 - 4,015 sqft)

    Sales Gallery open tomorrow 29th November 2014.

    For more information, please contact Kaeden @ 9048 0660.

    Cheerios

  13. #43
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    How much psf?

  14. #44
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    Quote Originally Posted by kellogs View Post
    How much psf?
    HI Kellogs,

    Thank you for your enquiry in Marine Blue. Actual pricing is not released by developer yet as it is still under preview launch.

    For showflat viewing invitation, please contact Kaeden @ 9048 0660. All enquiry most welcome.

    Thank you

    Cheerios

  15. #45

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    <Preview Timeline>
    Sales Gallery Viewing and LOA submission: 29th Nov 2014 (Sat) to 14th Dec 2014 (Sun)
    11am to 6pm daily
    (Sales Gallery will be closed from 15th Dec 2014)
    Targeted Booking Date: 2nd week of Jan 2015
    Sales Gallery located along Bedok South Road (Near Siglap CC)
    Please let me know if you intend to view the showflats.
    Thanks

  16. #46
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    any indicative psf?

  17. #47

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    No information on the prices. I will update once it is out. Thanks

  18. #48
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    the floorplan http://www.themarineblue.com/wp-cont...-EBrochure.pdf

    im shocked if someone willing to pay for 50+sqm of void space because of 1 furniture deck at upper level for a Type A unit.

  19. #49
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    Quote Originally Posted by bigbear View Post
    the floorplan http://www.themarineblue.com/wp-cont...-EBrochure.pdf

    im shocked if someone willing to pay for 50+sqm of void space because of 1 furniture deck at upper level for a Type A unit.
    Yup, strange pricing. Usable space psf will be almost 4k based on indicative 2k psf.
    I think at this market sentiments, difficult to find carrot heads. Even the psf is higher than neighboring developments, will be a challenge to sell.
    "How to make a fool useful for your properties? Let him continue to blow up Jurong prices and all other areas will keep up"

  20. #50

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    Can buy resale properties nearby.

  21. #51
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    Marine Blue Super Attractive Prices after 10% Discount
    1 + Study units from $1,116,900 ($1,759psf)!
    2 Bedroom units from $1,863,800 ($1,785psf)!
    Loft units from $1,556,100 ($1,225psf)!

    Agents say one...

  22. #52
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    attractive meh?

    and this project is by capitaland? why one, two bedders and loft pre-dominantly?

    Quote Originally Posted by dtrax View Post
    Marine Blue Super Attractive Prices after 10% Discount
    1 + Study units from $1,116,900 ($1,759psf)!
    2 Bedroom units from $1,863,800 ($1,785psf)!
    Loft units from $1,556,100 ($1,225psf)!

    Agents say one...

  23. #53
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    This weekend is the balloting right? So quiet? Must be poor response.

  24. #54
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    https://sg.finance.yahoo.com/news/ca...inkId=11575144

    The project is grappling with dim prospects.
    CapitaLand’s luxury freehold condominium development Marine Blue, located in District 15’s Marine Parade area, is finally set to be launched this month, after weak market sentiments caused its soft launched to be delayed for over a year.
    However, analysts are cautious about the project’s prospects, as the Marine Blue is substantially pricier compared to other developments in the area.
    According to a report by Square Foot Research, Marine Blue’s launch price is expected to range from $1,800psf and $2,200psf, or an average of $2,000psf.
    “This is 40% higher than the median price of units sold in the past 6 months from projects located within 250m. Within the immediate vicinity, there was only 1 transaction, a 1,378-sqft apartment unit from Parc Seabreeze sold in August this year, that broke the $2,000psf mark,” stated the report.
    The report further cautioned that demand for Marine Blue may further be hit by declining interest from foreign buyers, who typically make up the bulk of buyers for projects in the area.
    “In the case of (neighboring project) Silversea, Singaporeans only account for 26.5% of total purchases.
    Demand for Marine Blue may be further dampened due to the declining interest from non-Singaporeans who will have to pay Additional Buyer’s Stamp Duty (ABSD) of up to 15% for purchases of residential properties,” the report noted.

  25. #55
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    Capitaland does not seem too good with new project development and sales. Hope not another boo - boo. They are better with REITs and Retail mall business.

  26. #56
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    2 bedroom 1.86M. I rather buy D9. SIBOR news also came at the wrong time for CL. Happy selling..

  27. #57

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    I think the demand of this condo may be only coming mainly from overseas cash rich investors e.g indonesians. The nearby hotel is quite popular among indonesians. Local investors may feel the pinch n stress at this kind of pricing.

  28. #58
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    http://www.businesstimes.com.sg/real...0-to-s2000-psf

    31 units at Marine Blue sold at an average of S$1,800 to S$2,000 psf

    By Lynette Khoo

    [email protected]@LynetteKhooBT

    13 Jan


    CAPITALAND Limited sold 31 of the 50 units released during the preview of its new freehold condo project Marine Blue over the weekend, at an average price of between S$1,800 and S$2,000 per square foot (psf).

    The units sold included one-bedroom-plus-study and two-bedroom ones and a penthouse, said a CapitaLand Singapore spokesman.

    The price list obtained by The Business Times showed a 10 per cent discount off the listed prices.

    Sited next to Grand Mercure Roxy Hotel along Marine Parade Road and within walking distance of the upcoming Marine Parade MRT station, Marine Blue comprises 120 condo units and four strata terrace houses.

    Construction has begun.

    The showflat in Bedok South Ave 3 first opened for viewing two weeks last month, and then closed for the year-end festive season; it was re-opened last week for the preview for buyers who had indicated interest for the project.

    The spokesman said the development would appeal to young professionals and families looking for a contemporary, well-designed home in the mature Marine Parade public housing estate. The development is also near the rich heritage charm of Katong, its vibrant food belt, a transport network and amenities such as shopping malls and schools.

    Recent transacted prices of freehold condo units in the vicinity, including 70 Saint Patrick's, Coralis, SeaView and Parc Seabreeze, have fallen within the range of S$1,630 to S$1,730 psf; rents have averaged at between S$3.20 to S$4 psf per month, said SLP International executive director Nicholas Mak.

    Property consultants noted that rental prospects for the project look promising, given its proximity to amenities such as Parkway Parade, Katong 112 and the East Coast Park.

    R'ST Research director Ong Kah Seng said the locality has generally enjoyed strong leasing interest from expatriates and foreign professionals, who find the location a "cost-effective option in an upmarket locality". He added that the the discounted prices were within reach of buyers, based on total debt servicing ratio limits.

    He pointed out that it was becoming a norm for developers to release units during the preview to test the market. Keppel Land, for example, started selling units at its Highline Residences in Tiong Bahru during its preview; 147 out of its 500 units had been sold by the end of November.

    He said: "An official launch does little to boost sales, as buyers are concerned only with pricing and discounts, not on the fanfare or other frills and sales incentives.

    "So long as pricing isn't matching up to buyers' expectations in this cooled market, buyers will not move on a purchase even it is launched officially (with fanfare)."

  29. #59
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    wait for fire sales. then.... anyway the units are all so small.
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
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    OUT WITH THE SHIT TRASH

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  30. #60
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    Some property experts can say rental is promising. What a joke. The rental will be around the same regardless how new or luxurious your condo is. Cote D'Azure or Silversea, rental is similar.

    2 bedroom 1.8M rent out around 4k. Never mind la. And rental is dipping. By the time it TOP, interest rate would have risen and rental will be like 3.5k if you are lucky? You will repent if interest is 3% and your rental is 3k.

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