looks like those spoke negatively shld be slamming their heads agst the wall.
Junior
looks like those spoke negatively shld be slamming their heads agst the wall.
Junior
phew
since i've gone into the mkt hope this is a point of no return for price downtrend for another 5 yrs.
Junior
since i've gone into the mkt hope this is a point of no return for price downtrend for another 5 yrs.
F01 N54 Sheer Driving Pleasure
Signs of a mild property fever as private home sales gather pace
Developers have sold over 900 units this month as bullish sentiment returns
Kalpana Rashiwala
The Business Times
Tuesday, 26 January 2010
Developers have sold more than 900 private homes so far this month - based on BT's poll of developers and property agents - and with another week to go, the tally is easily expected to cross 1,000 units by month's end.
Besides Allgreen Properties' Holland Residences, which will be previewed this week, Wing Tai is said to be at an advanced stage of preparation for an imminent preview for L'Viv at Newton Road. The average price is touted at about $1,900 psf - $2,000 psf - significantly higher than the $1,700 psf average price at which Ho Bee is selling its Trilight condo nearby.
Wing Tai is eyeing a higher psf price by offering smallish units (thus keeping the absolute lump sum price per unit 'affordable' to potential buyers). The developer is said to be packaging its project with Deferred Payment Scheme as it had clinched approval for it before the scheme was scrapped in 2007.
L'Viv comprises a total of 147 units - 72 units have 1 bedroom and a study and these come in 2 sizes, both 600-sq ft plus; another 72 units have 2 bedrooms and a study (all about 1,000 sqft); and there are 3 penthouses (all 3-bedders).
Trilight does not have any 1-bedders. It has 2-, 3- and 4-bedders as well as penthouses. 2-bedders range from 1,100 to 1,200 sqft.
'Frankly, it's very hard to deter people from buying, if you look at how strong the HDB resale market is. There's very strong bottom-up support.'
- Knight Frank chairman Tan Tiong Cheng,
. when asked if the authorities are likely to come up with
. fresh measures to cool the market if another round of
. buying frenzy builds up
Fortune Development is also slated to begin previewing this week RV Edge in the River Valley/Shanghai Road vicinity. The 108-unit freehold project, being marketed by Huttons, comprises mostly smallish apartments ranging from 1-bedders to 2-bedroom with study units. The smallest unit is about 400 sqft. Prices are expected to start from $600,000-plus per apartment.
City Developments Ltd (CDL) said yesterday evening that it has sold about 85% or about 150 of the the total 177 units at its Cube 8 condo at Thomson Road, which it began previewing last week.
Singaporeans bought 75% of the units sold. The other 25% were picked up by permanent residents (PRs) and other foreigners - mainly from Malaysia, Indonesia, Hong Kong, Korea, India, China and Europe.
The District 11 freehold project was initially priced at $1,250 psf on average but prices were upped 2-3% for subsequent releases.
CDL group general manager Chia Ngiang Hong said in a statement that the buyers were an 'equal mix of owner-occupiers and investors' and that this pointed to the development's appeal to both home owners and investors.
Some market watchers suggest, however, that the project has probably also drawn a fair number of specuvestors. Slightly over half of the total 177 units comprised one and two bedders and these were the first to go, mirroring the pattern for other projects that were launched in Districts 9, 10 and 11 last year.
Trilight
In addition to the buying buzz created this month from the release of new projects, some developers have been pleasantly surprised with a steady stream of activity even for existing projects that have been on the market for at least a few months. For instance, Ho Bee Investment has sold about 60 units at its Parvis condo at Holland Hill and 10 units at Trilight since the start of the year.
CDL is also understood to have sold more than 50 units at its Livia condo in Pasir Ris this month and the 724-unit project is now left with about 10 units.
'Sentiment has picked in the mid and high-end markets because of the improvement in the economy; the imminent opening of the two integrated resorts (IRs) may also have given a psychological boost to foreign buying interest, which seems to be returning,' says Ho Bee executive director Ong Chong Hua.
Agreeing, a fellow developer said: 'We're seeing a bigger variety of buyers from the region this round - including markets like Myanmar and Laos.'
UOL Group has sold this month 25 units at Double Bay Residences in Simei and 18 units at Meadows @ Peirce along Upper Thomson Road. The group plans to launch two projects in the first half of this year - a 99-year-leasehold condo with about 600-plus units at Dakota Crescent and a project with some 170 units on the Rainbow Gardens site in the Toh Tuck area. The latter will be a joint development with LaSalle Asia Opportunity II fund.
Developers' home sales slipped below the 1,000-unit per month mark in Q4 last year as they wound down their launch activities towards year-end. Some potential buyers had also grown cautious following the government's measures in September to cool the property fever.
However, fear of missing the boat appears to be re-igniting with strong signs of another round of price hikes this year.
'For the economy, the worst is over and much of the physical infrastructure investment like the IRs is close to completion,' says Knight Frank chairman Tan Tiong Cheng.
Asked if the authorities are likely to come up with fresh measures to cool the market if another wave of buying frenzy builds up, Mr Tan said: 'Frankly, it's very hard to deter people from buying, if you look at how strong the HDB resale market is. There's very strong bottom-up support.'
F01 N54 Sheer Driving Pleasure
Trilight's all-time high of $1,842 psf, set in December 2009, has been broken.
The nëw hïgh is now $1,869 psf!
Private Residential Units Sold in the Month of January 2010
Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Trilight ............ CCR ....... 90 ........................ 18 .......................... 1,869 ........... 1,754 ........... 1,669
F01 N54 Sheer Driving Pleasure
Wow!
Trilight has a nëw hïgh of $1,921 psf now!
Private Residential Units Sold in the Month of January 2010
Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Trilight ............ CCR ....... 108 ....................... 18 ......................... 1,921 ........... 1,738 ........... 1,670
F01 N54 Sheer Driving Pleasure
Sorry! Prices above are for February 2010 - not January 2010.
F01 N54 Sheer Driving Pleasure
Private Residential Units Sold in the Month of March 2010
Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Trilight ............ CCR ....... 122 ...................... 14 .......................... 1,848 ........... 1,741 ........... 1,701
F01 N54 Sheer Driving Pleasure
Trilight in District 11 has a nëw hïgh of $2,002 psf!
Private Residential Units Sold in the Month of April 2010
Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Trilight ............ CCR ....... 147 ....................... 25 ......................... 2,002 ........... 1,793 ........... 1,702
Newbie
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Junior
MR B said 1000x.. must not hide the fact & information..Originally Posted by Reporter
TRILIGHT NEWTON ROAD Condominium 2,660,000 1,195 Strata 2,226psf Dec-12
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Newbie
Not much capital appreciation.
200-300 psf profits for d11 only
Senior
already not bad. some other ccr fared worse.
Newbie
Good to buy now since most prime districts d10 d9 r below their prime prices
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