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Thread: Tre Residences

  1. #11

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    agree for sure. but i'm sure a lot of buyers will blindly buy into the "Very near mrt" story.


  2. #12
    Junior
    Join Date
    Oct 2010
    Posts
    1,420

    Default

    How are sales?


  3. #13

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    20% of 250 units sold at TRE Residences' launch (i.e. 50 units sold)

    Units at the Geylang East condo fetch an average S$1,416 psf, including a 5% early bird discount

    Most of the TRE Residences units sold were one- and two-bedroom units, and buyers comprised house hunters and investors.

    Source: BT


  4. #14

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    Full article

    TRE RESIDENCES in Geylang East sold a fifth of its 250 units at its launch over the weekend. The units were sold at an average S$1,416 per square foot (psf) including a 5-per cent early bird discount.

    Its developer, marketing agent, and other consultants agreed that this was an encouraging result, very much in line with expectations given the current lukewarm market.

    A spokesman told BT that most of the units sold were one- and two-bedroom units, and the buyers were a mix of house hunters and investors.


    "In such times where the total debt servicing ratio framework plays a big part in many home purchasing decisions, we expect the sales momentum to pick up after a while as most potential buyers need some time to obtain their loan approvals," he said.

    But when asked whether prices will increase from hereon without the early bird discount, he declined to comment, saying this will be subject to a strategy review.

    The 250-unit condominium project is jointly developed by Sustained Land, MCC Land and Greatview Development. Their prices were originally at an average S$1,560 psf.

    Huttons and PropNex are its official marketing agents.

    Mohamed Ismail, chief executive of PropNex, said the sales result was positive, "given that there wasn't a major advertisement campaign like for Lake Life (an executive condo) where developers go on TV and radio". In contrast, TRE Residences had a relatively quiet campaign.

    The condo is located near Aljunied MRT station, several stops away from the city. The developers paid S$776 psf per plot ratio for the land, which translates into a breakeven price of about S$1,300 psf.

    Commenting on the market, Mr Ismail said: "Buyers today are extremely selective and price sensitive. They don't have an urgency that they used to have in a positive market. Many will only fully come in when they are very certain that there is not likely to be any further price correction."

    In a way, some developers have fuelled this buyers' mentality, he added, referring to aggressive price discounts at Wheelock's Panorama, as well as CapitaLand's Sky Habitat and D'Leedon. "Some of the buyers are fearful that if they rush to buy at the launch, they may end up paying a higher price when the developer gives a subsequent discount."

    He thinks that the developer of TRE Residences may continue to offer the condo at lower prices, but repackage it as something else other than "early bird discounts".

    R'ST Research director Ong Kah Seng said that the lower launch prices meant that investors could lower their asking rental prices to attract expats amid the weak leasing market.

    "The original S$1,560 price was probably a bit steep, given that Central Grove (another 99-year leasehold condo nearby) is reselling at about S$1,000 psf. The post-discount S$1,410 is more within buyers' expectations," he said.


  5. #15

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    What facing are those sold units?
    Quote Originally Posted by gadiny View Post
    20% of 250 units sold at TRE Residences' launch (i.e. 50 units sold)

    Units at the Geylang East condo fetch an average S$1,416 psf, including a 5% early bird discount

    Most of the TRE Residences units sold were one- and two-bedroom units, and buyers comprised house hunters and investors.

    Source: BT


  6. #16

    Cool

    Hi infor extracted from Business times. Have to let people who are on the grounds or attended the sales to enlighten


  7. #17

    Default

    Quote//
    Its developer, marketing agent, and other consultants agreed that this was an encouraging result, very much in line with expectations given the current lukewarm market.
    Unquote//
    Desperate attempt at saving grace.

    1-2 bedders layout are fine and with reduced price still a decent purchase.
    However i must really question those who buy into compact 3bedder and 4bedderDK! Where does their eyes grow?


  8. #18

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    Quote Originally Posted by AssetRichMoneyPoor View Post
    Quote//
    Its developer, marketing agent, and other consultants agreed that this was an encouraging result, very much in line with expectations given the current lukewarm market.
    Unquote//
    Desperate attempt at saving grace.

    1-2 bedders layout are fine and with reduced price still a decent purchase.
    However i must really question those who buy into compact 3bedder and 4bedderDK! Where does their eyes grow?
    Hi, can anyone tell me the pros and cons of Tre residences, I suppose to bring a friend to visit some showflats and recommend him a good buy, ....he is looking at 1 or 2 bedder, and I know little of tis project ... thanks


  9. #19

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    Quote Originally Posted by henryhk View Post
    Hi, can anyone tell me the pros and cons of Tre residences, I suppose to bring a friend to visit some showflats and recommend him a good buy, ....he is looking at 1 or 2 bedder, and I know little of tis project ... thanks
    I'm not trying to paint negative vibes but i will probably bring your friend to see other showrooms.
    No particular reason why but i just hated some of the units lay out.

    Can try lakeville, if there's 2 bedder? Ringgo claim buyers will stand to profit insanely if buy now. haha


  10. #20

    Default

    Quote Originally Posted by AssetRichMoneyPoor View Post
    I'm not trying to paint negative vibes but i will probably bring your friend to see other showrooms.
    No particular reason why but i just hated some of the units lay out.

    Can try lakeville, if there's 2 bedder? Ringgo claim buyers will stand to profit insanely if buy now. haha

    If you wish to quote lim peh's name you better to quote it with actual facts instead of twisting my words.

    Those seeking for property advise, better avoid this dude, who is a clone of Regulators and Patrickstar.

    Go check out the caspian thread if you wish to know who is Regulators.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."


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