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Thread: laguna park, neptune court, lagoon view condos...

  1. #6
    Junior
    Join Date
    Dec 2008
    Posts
    3,693

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    get this type of neighbours also ...


  2. #7

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    Quote Originally Posted by iemuhs
    Hi deljunk,

    I think we are in the same position. Am also looking for sea view unit and also viewed the $700k HDB flat (at blk 14 right? ). Was close to buying it, then went to check out the HDB resale flat price index, and seems silly to buy now cos it is as high as 1996 when the HDB resale market was red-hot. Also have the problem of reselling it later, I think... who will buy or be able to get a loan for a 50 year old flat?

    Anyway, I also went to view mandarin garden. Have not viewed any at Lagoon View or Neptune court cos no time... but I personally feel that these developments are too far from the marine Parade central. So now looking around at the condos ard St Patrick. Closer to Marine Parade central and many freehold... wait for prices to fall more first...

    Wanted a HDB cos for own stay, and thought can free up $$ for investment elsewhere... but the price difference between HDB and private aren't that much in the area... so personally think getting condo more worth while for mp... though the view sucks... no sea view!
    hi,
    have called the agent for blk 14 also but have not view the unit yet. but i believe the view should be fanstatic. but dunno the noise level will be bearable or not.
    wat you think of the unit?
    am looking at laguna as the price between this blk 14 and laguna is not too much difference. thats why in a delima... but i believe prices will drop further down the road so not really in a hurry to commit unless a good deal come also...


  3. #8

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    Quote Originally Posted by tkc2263
    I would like to offer my views and I hope you will find them helpful, but please dont hold me to it.

    Laguna Park (LP) already privatised and secured 80% to embark on the trail of going en bloc. Now, the residents will wait to see if any developers will "bite" .

    Both Neptune Court (NC) and Lagoon View (LV) both yet to be privatised. NC, as you may have read in the papers, the common areas and car park space belong to MOF and during the run up to enbloc, a sum of $144m was quoted to privatise the estate. Apparently this figure has been been slashed drastically recently. There is a committee that has been tasked to negotiate further with SLA in regards to this matter. LV, as far as I know, apparently the privatisation sum is "less than" as compared to NC based on per foot basis, I dont know why there is a difference really.

    I personally prefer NC amongst the 3. The schools and HDB amentities are much nearer to NC, more buses ply along Marine Parade Road than the other 2 and what I like most is that there is a "private" exit for NC via Marine Vista..

    Just my 2 cents' worth..Happy Hunting...
    hi,
    ya nc have better location as compared to the other 2 project. but i believe the view are not as directly seaview from the blocks layout.
    will carry on looking for the best possible unit...
    thanks


  4. #9

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    Quote Originally Posted by shespawn
    personally, i find that older developments means more renovation works involved. particularly for very old ones, because you need to rewire the whole hse to prevent short circuits. recently a unit at neptune court (dec 08) caught fire due to that reason. so just be prepared to fork out this money.

    I believe these properties u mention are all leasehold property, and it will be difficult for propesctive buyers to get cheap financing since they are quite old development. It will be a good investment if there is a prospect of enbloc sale in later years.
    actually i am looking a this few projects as they are mostly bigger in size as compared to newer project in this area. but being old, loan dunno will be an issue or not. as if few years down the road no enbloc, and i wanna sell, may be difficult for new buyer to get loan.
    as they have full seaview units. so most prob is buying for own stay and if in future enbloc, then will be heng heng tio jackpot...
    cheers


  5. #10

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    I guessed if you are looking to buy a unit from either of the 3, you must be prepared to spend some moolah for renovations, that means not only rewiring but also re-piping and the such. What I like about these developments is that the layout is not odd, but boxy and rectangular and also boast high ceiling.

    It took me about 2 months back in 1999 before I bought a good facing unit in NC. My balcony faces Mandarin Gardens and has a fairly commanding seaview although it is just below 11th floor. If you buy any units in blocks 1, 2 and 3, I am afraid to say that you will be very near the ECP, (prefably blk 4 and 5, if you can) but as time goes on, you will get used to the noise/sound from the ECP. Also if you have the patience, try not to buy those balconies facing VJC, otherwise you will have to face the hot blistering sun in the afternoon..and mind you its damn hot.

    Even if these developments dont go en bloc, I can assure you that the living environment is indeed pleasant. NC is very well kept and maintained till these days., I believe LV and LP are too..


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