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Thread: The Clift (D1, 99 years, Far East Org)

  1. #301
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    Quote Originally Posted by DC33_2008
    But gross rental yield is annual rental income/purchase price of condo. Every time when one change, the condo price will be higher unless you catch the lows of the cycle. Sometimes older ones even though with lower rent has better yield than new ones.
    I base my rental yields on CURRENT price of the condo. Can't use purchase price because that's the old price, from too long ago.

    Always have to compare with the alternatives investment opportunities after cashing out at current price.

    Flipping has several advantages. Used to be able to get cash after getting another property (20% down) if the original unit has appreciated. Not so easy now with 40% down.

    Transaction cost is the other concern....

  2. #302
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    FEO selling all their 72 fully furnished loft units at the clift....from 2700psf onwards


  3. #303
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    Sure know how to generate $. Good for residents in Clift.
    Quote Originally Posted by devilplate
    FEO selling all their 72 fully furnished loft units at the clift....from 2700psf onwards


  4. #304
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    Quote Originally Posted by devilplate
    FEO selling all their 72 fully furnished loft units at the clift....from 2700psf onwards

    What were be rental and rental yield be like for loft units? Must be terrible.

  5. #305
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    Quote Originally Posted by hopeful
    What were be rental and rental yield be like for loft units? Must be terrible.
    eventually there will be carrot head being lured into the trap....

    u can check out The Cape.....how do u explain ???

    back to peak peak 07 prices...FEO managed to sell non-loft units 1bedder at around 22xxpsf.......while subsale was only ard 15xx-16xxpsf....LOL

  6. #306
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    Quote Originally Posted by devilplate
    eventually there will be carrot head being lured into the trap....

    u can check out The Cape.....how do u explain ???

    back to peak peak 07 prices...FEO managed to sell non-loft units 1bedder at around 22xxpsf.......while subsale was only ard 15xx-16xxpsf....LOL
    Interesting, I remembered FEO a few times promote in Indonesia. Also got give rental guarantee. But not sure whether it is Cape or other projects. Perhaps carrotheads is fellow indons.
    Anyway by FEO price high, does it pull subsale prices higher?

  7. #307
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    Quote Originally Posted by hopeful
    Interesting, I remembered FEO a few times promote in Indonesia. Also got give rental guarantee. But not sure whether it is Cape or other projects. Perhaps carrotheads is fellow indons.
    Anyway by FEO price high, does it pull subsale prices higher?
    not much effect but at least providing some price support

  8. #308
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    Just heard from my relatives.
    FEO launched Clift loft units in Indonesia. from 2600-2900.
    Rental guarantee 2 years at 5%.

    At 2600psf, that is rental 10.83psf. .
    Either that or FEO used your own money to pay you back .

  9. #309
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    They will use the cash from the Indo to invest in higher returns investment tool to pay partially for the 10.83psf. I am sure they have the muscle and opportunities.
    Quote Originally Posted by hopeful
    Just heard from my relatives.
    FEO launched Clift loft units in Indonesia. from 2600-2900.
    Rental guarantee 2 years at 5%.

    At 2600psf, that is rental 10.83psf. .
    Either that or FEO used your own money to pay you back .

  10. #310
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    Far East always like this, sell at sky prices and take it or leave it. They can sell 20 years and don't care if got buyer or not.

    Btw, Altez already transacting > 2 million for studio loft. Some are as high as 2.3 million. 2 bedroom loft just sell one last month at 3.2 million. Wondering how come people can have that much money




    Quote Originally Posted by hopeful
    Just heard from my relatives.
    FEO launched Clift loft units in Indonesia. from 2600-2900.
    Rental guarantee 2 years at 5%.

    At 2600psf, that is rental 10.83psf. .
    Either that or FEO used your own money to pay you back .

  11. #311
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    Quote Originally Posted by DC33_2008
    They will use the cash from the Indo to invest in higher returns investment tool to pay partially for the 10.83psf. I am sure they have the muscle and opportunities.
    Hehe
    2600 @ 5% yield = 130psf per year = 10.83psf per month
    2900 @ 5% yield = 145psf per year = 12.08psf per month

    people don't smell a fish?
    highest floor or lowest floor of loft units still same yield.
    Big size or small size loft units also same yield.
    Idespair of my countrymen if they really purchase from FEO.

  12. #312
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    Currently, how much psf rental at Clift? If currently already $10 psf, then it is easy for far east to get $12 corporate lease.



    Quote Originally Posted by hopeful
    Hehe
    2600 @ 5% yield = 130psf per year = 10.83psf per month
    2900 @ 5% yield = 145psf per year = 12.08psf per month

    people don't smell a fish?
    highest floor or lowest floor of loft units still same yield.
    Big size or small size loft units also same yield.
    Idespair of my countrymen if they really purchase from FEO.

  13. #313
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    Quote Originally Posted by hopeful
    Hehe
    2600 @ 5% yield = 130psf per year = 10.83psf per month
    2900 @ 5% yield = 145psf per year = 12.08psf per month

    people don't smell a fish?
    highest floor or lowest floor of loft units still same yield.
    Big size or small size loft units also same yield.
    Idespair of my countrymen if they really purchase from FEO.
    Treat it as a form of rebate la....

    Nthing new from feo la...

    Better den buying 2600psf without rental guarantee rite? Hahaha

  14. #314
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    FEO is reducing the selling price for loft units as responses so so fr buyers. Non loft units (< 30 floor) interest @ even stack 2, 4, 6 seem to have good demand but minimum seller. Rental is dropping due to competition fr one shenton & other supplies in the mkt.

  15. #315
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    What is the rental ($psf) as URA release on rental would not have included clift?
    Quote Originally Posted by Tay EG
    FEO is reducing the selling price for loft units as responses so so fr buyers. Non loft units (< 30 floor) interest @ even stack 2, 4, 6 seem to have good demand but minimum seller. Rental is dropping due to competition fr one shenton & other supplies in the mkt.

  16. #316
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    $4.8k to $5.5k for 2 bedder @ 775 - 818 sf. $3.8k to $4k for 1 bedder @ about 500 sf.

  17. #317
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    What is the maintenance for a two bedder? Does it include carpark space?
    Quote Originally Posted by Tay EG
    $4.8k to $5.5k for 2 bedder @ 775 - 818 sf. $3.8k to $4k for 1 bedder @ about 500 sf.

  18. #318
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    Quote Originally Posted by DC33_2008
    What is the maintenance for a two bedder? Does it include carpark space?
    Fee not incl car park. About $240 for 2 bedder.

  19. #319
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    Not bad. How many parking lots in total?
    Quote Originally Posted by Tay EG
    Fee not incl car park. About $240 for 2 bedder.

  20. #320
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    Quote Originally Posted by DC33_2008
    Not bad. How many parking lots in total?
    Don't know but plenty. 2 to 9 floor all parking lot. Likely to sell to public @ $230.

  21. #321
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    Probably need to seek consent of the owners/MC when it is formed. Good revenue generation for the sinking fund.
    Quote Originally Posted by Tay EG
    Don't know but plenty. 2 to 9 floor all parking lot. Likely to sell to public @ $230.

  22. #322
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    Quote Originally Posted by DC33_2008
    Probably need to seek consent of the owners/MC when it is formed. Good revenue generation for the sinking fund.
    For clift, carpark owned by feo....just like icon

    Owners will apply season parking at special rate. Ard 150...cant rmb exact figure

  23. #323
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    FEO is smart. FEO own quite substantial shares in the development with about 8 storeys of carpark and generate income for themselves. Besides the consent of the owners, FEO will need to agree to make up the required % for the place to be enbloc.
    Quote Originally Posted by devilplate
    For clift, carpark owned by feo....just like icon

    Owners will apply season parking at special rate. Ard 150...cant rmb exact figure

  24. #324
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    Quote Originally Posted by DC33_2008
    FEO is smart. FEO own quite substantial shares in the development with about 8 storeys of carpark and generate income for themselves. Besides the consent of the owners, FEO will need to agree to make up the required % for the place to be enbloc.
    5shop lots aso owned by them

    How to enbloc....i surely sell by den oredi....hehe

  25. #325
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    The shops are still empty last week. Usually have breakfast with my wife at amoy street hawker centre. Rental should be quite steep.
    Quote Originally Posted by devilplate
    5shop lots aso owned by them

    How to enbloc....i surely sell by den oredi....hehe

  26. #326
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    Quote Originally Posted by DC33_2008
    The shops are still empty last week. Usually have breakfast with my wife at amoy street hawker centre. Rental should be quite steep.
    All rented out liao....
    One guardian, one bakery, 2shop lot become a Restaurant...

    the last one...cant rmb....

  27. #327
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    Residents / tenants at clift can walk to club street for pubbing and dining at night. I did not know it was a happening place when I was there at 6pm. People have already started toggoing away. Very relax ambience.
    Quote Originally Posted by devilplate
    All rented out liao....
    One guardian, one bakery, 2shop lot become a Restaurant...

    the last one...cant rmb....

  28. #328
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    Quote Originally Posted by DC33_2008
    Residents / tenants at clift can walk to club street for pubbing and dining at night. I did not know it was a happening place when I was there at 6pm. People have already started toggoing away. Very relax ambience.
    Yes....i recce the whole vicinity in 09 Even walk to nite market at chinatown for supper....within 10min lau pasat 5min walk too

    Shortcut via ann xiang park is a bonus....can reach maxwell food ctr within 5mins but not for weak knees

  29. #329
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    Do not use the stairs. Walk along amoy street and turn left. You will find telok ayer mrt stn, just next to club street.
    Quote Originally Posted by devilplate
    Yes....i recce the whole vicinity in 09 Even walk to nite market at chinatown for supper....within 10min lau pasat 5min walk too

    Shortcut via ann xiang park is a bonus....can reach maxwell food ctr within 5mins but not for weak knees

  30. #330
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    Quote Originally Posted by devilplate
    For clift, carpark owned by feo....just like icon

    Owners will apply season parking at special rate. Ard 150...cant rmb exact figure
    Car park lots as good as actual units. In some countries, parking lots are also for sale.

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