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Thread: Robin Residences Freehold | T.O.P. Soon

  1. #11

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    Bro, u are good.
    at 2300pfs how to have upside in next 10 years, MRT already up, another interchange no difference
    If there is a big mall, cinemas, etc etc, maybe
    Look at Glyndebourne opposite, bigger land area, exclusive units
    2000-2300pfs in 2010 before bull run, look at prices now.


    Quote Originally Posted by bargain hunter View Post
    the selling point of this project is proximity to the future stevens mrt interchange.

    do note that i m vested in the developer, sing holdings, so whatever i write here may be biased.

    by buying the developer, i'm effectively buying robin residences at 230psf, not 2300psf. 90% discount. hahahaha.

  2. #12

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    Quote Originally Posted by Singleton View Post
    Bro, u are good.
    at 2300pfs how to have upside in next 10 years, MRT already up, another interchange no difference
    If there is a big mall, cinemas, etc etc, maybe
    Look at Glyndebourne opposite, bigger land area, exclusive units
    2000-2300pfs in 2010 before bull run, look at prices now.
    indeed glyndebourne looks more comfortable in a sense (if not facing the road) but the current market favours smaller units and closer proximity (even crossing that big junction does make a difference with regards to proximity to the mrt interchange). In the end, Robin Resi is competing with those along robin road area and turns out that this project is the least boutique and the tennis court which they managed to squeeze in on the rooftop actually makes it the most "complete" condo in the area. 2mins walk to cold storage and subway also helps i guess. looking at the caveats, most of the units were rented out rather quickly (albeit at very low rental yield, at least can easily be rented out).

  3. #13

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    agree current market favours the 3 roomers at 700-800 sfeet or 2 roomers at 500 sqfeet
    still puzzled at robin's prices, low rise with limited open space
    those condos right next to united square down the road are even cheaper

    as for that scgs junction, there should be exits at SCGS when new mrt interchange is up

    Quote Originally Posted by bargain hunter View Post
    indeed glyndebourne looks more comfortable in a sense (if not facing the road) but the current market favours smaller units and closer proximity (even crossing that big junction does make a difference with regards to proximity to the mrt interchange). In the end, Robin Resi is competing with those along robin road area and turns out that this project is the least boutique and the tennis court which they managed to squeeze in on the rooftop actually makes it the most "complete" condo in the area. 2mins walk to cold storage and subway also helps i guess. looking at the caveats, most of the units were rented out rather quickly (albeit at very low rental yield, at least can easily be rented out).

  4. #14

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    Quote Originally Posted by Singleton View Post
    agree current market favours the 3 roomers at 700-800 sfeet or 2 roomers at 500 sqfeet
    still puzzled at robin's prices, low rise with limited open space
    those condos right next to united square down the road are even cheaper

    as for that scgs junction, there should be exits at SCGS when new mrt interchange is up
    those are more mass market at 700 sq ft 3 bedders?

    there are a group of buyers who only want brand new. ie first hand from developer. there are no brand new condos near united square although most are relatively new.

  5. #15

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    Quote Originally Posted by bargain hunter View Post
    6 Oct 2016 #04-08 1,066sq ft 2,398psf $2,555,000 list price $2,594,000 $39k discount
    5 Oct 2016 #04-01 1,830sq ft 2,328psf $4,260,000 list price $4,347,000 $87k discount

    left with final 1 5 bedder #03-01 asking for the same price.

    discount is not a lot but seems enough to start moving some of the units. The current discount seems like up to $100k (of course $100k off is for the penthouses).
    the peak psf for this project so far was 2518psf for a 409 sq ft studio

    ROBIN RESIDENCES 07 Robin Drive #05-21 38sq m $1030000 2518psf 14-JAN-2016

    and for 3 bedder:

    ROBIN RESIDENCES 01 Robin Drive #04-02 104sq m $2767000 2472psf 11-DEC-2015

    so there is already some discount. they actually sold the project at 22xxpsf to 24xxpsf in 2014 and much of 2015. the top 8 psfs from 2479psf to 2518psf were actually achieved in 2016 albeit all on 409 sq ft studios.

    for the next 18 highest psf from 2421psf to 2477psf, only 1 unit was sold in 2014 and the rest were in 2015 and 2016. this included the 3 bedder mentioned above and a 4 bedder which cost 3.586m.

    they had sold about 70% of the project before deciding to offer these small discounts for the remaining 30% this month.

  6. #16

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    Quote Originally Posted by Singleton View Post
    Bro, u are good.
    at 2300pfs how to have upside in next 10 years, MRT already up, another interchange no difference
    If there is a big mall, cinemas, etc etc, maybe
    Look at Glyndebourne opposite, bigger land area, exclusive units
    2000-2300pfs in 2010 before bull run, look at prices now.
    bro, Robin Resi is better value compared to this not even freehold lol:

    HIGHLINE RESIDENCES KIM TIAN ROAD Condominium 03 RCR 99 yrs lease commencing from 2013 New Sale 1 $1,143,700 - 506sq ft Strata 31 to 35 2,261psf Jun-16

  7. #17

    Smile

    Agree that Highline is expensive
    But comparison high risk condo vs low rise condo always debatable
    A super high floor in a very high rise condo pfs will naturally be very high based on views and top of the world feeling that might excite some
    Based on FH and LH, robin definitely more worth it
    But both are expensive nonetheless

    its all relative
    If we compare with Echelon at Alexandre 1 stop away from Highline, their studio unit at 41st floor is almost 2500pfs
    Then these 2 before cheap

    Quote Originally Posted by bargain hunter View Post
    bro, Robin Resi is better value compared to this not even freehold lol:

    HIGHLINE RESIDENCES KIM TIAN ROAD Condominium 03 RCR 99 yrs lease commencing from 2013 New Sale 1 $1,143,700 - 506sq ft Strata 31 to 35 2,261psf Jun-16

  8. #18
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    Super high floor condo unit can commend super high psf???

    That give me an an idea though, that is developers should just build 50 or more storeys high OCR condos and sell at super high price (higher than CCR and much better profits)!


    Quote Originally Posted by Singleton View Post
    Agree that Highline is expensive
    But comparison high risk condo vs low rise condo always debatable
    A super high floor in a very high rise condo pfs will naturally be very high based on views and top of the world feeling that might excite some
    Based on FH and LH, robin definitely more worth it
    But both are expensive nonetheless

    its all relative
    If we compare with Echelon at Alexandre 1 stop away from Highline, their studio unit at 41st floor is almost 2500pfs
    Then these 2 before cheap

  9. #19

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    Proof of concept already

    If not how did Echelon 41st floor hit almost 2500pfs from 2nd floor onwards 1800pfs+

    In future, condos probably 50 to 80 stories high

    Nearer the clouds, higher the pfs, better than going under the ground


    Quote Originally Posted by teddybear View Post
    Super high floor condo unit can commend super high psf???

    That give me an an idea though, that is developers should just build 50 or more storeys high OCR condos and sell at super high price (higher than CCR and much better profits)!

  10. #20
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    8,032

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    Quote Originally Posted by Singleton View Post
    Proof of concept already

    If not how did Echelon 41st floor hit almost 2500pfs from 2nd floor onwards 1800pfs+

    In future, condos probably 50 to 80 stories high

    Nearer the clouds, higher the pfs, better than going under the ground
    Possible to go up to 90 floors only because above this height Singapore is blinded by the Building.

    You also don't want to stay there because you will receive a lot of radio wave.

    https://en.wikipedia.org/wiki/List_o...s_in_Singapore

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