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Thread: Cube 8 (D11, Freehold, CDL)

  1. #11

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    Quote Originally Posted by bargain hunter
    Feeling very disappointed with City Developments. They did a very good job with the design of The Arte. For Cube 8, they maintained similar luxurious sizes for the 3 and 4 bedrooms but they shrunk all the non master bedrooms such that they can only fit a single bed and replaced it with large balcony and air con ledge.
    At least there are no planters....

  2. #12

    Default This is a good project?

    Hi Everyone,

    I am interested in this project and will like to have your view on the fair psf. The agent told me its going to be priced at above $1300psf (The Arte only $900 ).
    Also, I only have a budget of 1mil and will like to get a 2 bedder in D9,10,11. Any other recommendation and advise?

    Thanks alot.

    Regards

    Shaun

  3. #13
    Join Date
    Aug 2009
    Posts
    3,911

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    Quote Originally Posted by shauntanzs
    Hi Everyone,

    I am interested in this project and will like to have your view on the fair psf. The agent told me its going to be priced at above $1300psf (The Arte only $900 ).
    Also, I only have a budget of 1mil and will like to get a 2 bedder in D9,10,11. Any other recommendation and advise?

    Thanks alot.

    Regards

    Shaun
    Avoid Micky Mouse units / studio or one-bedder, there will be a huge problem three years down the road. Foresee BIG over supply in the near term. Yield is going to be low

  4. #14

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    Quote Originally Posted by Laguna
    Avoid Micky Mouse units / studio or one-bedder, there will be a huge problem three years down the road. Foresee BIG over supply in the near term. Yield is going to be low
    Absolutely, there will be BIG BIG over supply of these MM units 3/4 years down the road. Yield is definitely very low to cover rates. Expected bank interest rate to move up. The location is in between neither here nor there for convenience of access to Toa Payoh /Novena MRT.

  5. #15
    Join Date
    Aug 2009
    Posts
    3,911

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    Checked, was told the entry price is between $1250 to $1300

  6. #16

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    Thanks everyone for the advise.
    I am stuck with only 1mil budget and any good recommendation for D9, D10 and D11 for a 2 bedder?

    Regards

    Shaun

  7. #17

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    I was driving past and there were some property agents pre-marketing teh development, so I decided to stop to ask. They said that even the mid-floor bigger 3 bedroom units are going to start at $1200+. This is consistent with what Vista and sub-sale Arte are pricing + a small premium. The agent claimed that people are already giving cheques to allow them priority on the preview queue. Wow, people here have BIG cheque books!

    If you have $1 million, you are probably better off looking at older developments (like Belleforte) or other developments built on smaller plots

  8. #18
    Join Date
    Mar 2009
    Posts
    10,798

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    $1200+ psf is expected since this place is really smack right in middle between Toa Payoh MRT station and Novena MRT station so not as convenient as Novena area. Novena area already >=$1400 psf even for not new condo apts.

    Quote Originally Posted by tiks
    I was driving past and there were some property agents pre-marketing teh development, so I decided to stop to ask. They said that even the mid-floor bigger 3 bedroom units are going to start at $1200+. This is consistent with what Vista and sub-sale Arte are pricing + a small premium. The agent claimed that people are already giving cheques to allow them priority on the preview queue. Wow, people here have BIG cheque books!

    If you have $1 million, you are probably better off looking at older developments (like Belleforte) or other developments built on smaller plots

  9. #19

    Default

    Quote Originally Posted by tiks
    I was driving past and there were some property agents pre-marketing teh development, so I decided to stop to ask. They said that even the mid-floor bigger 3 bedroom units are going to start at $1200+. This is consistent with what Vista and sub-sale Arte are pricing + a small premium. The agent claimed that people are already giving cheques to allow them priority on the preview queue. Wow, people here have BIG cheque books!

    If you have $1 million, you are probably better off looking at older developments (like Belleforte) or other developments built on smaller plots
    was in Balestier too and lots of property agents giving out phamplets on Cube 8. Was actually surprised that it was considered D11 even though The Arte is just right behind.. agent said this is because the entrance is at Thomson road, and that 1Brd going a at $1400 with an upside to $1600 since its a D11!?? OMG...

  10. #20

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    Quote Originally Posted by Number_9z
    was in Balestier too and lots of property agents giving out phamplets on Cube 8. Was actually surprised that it was considered D11 even though The Arte is just right behind.. agent said this is because the entrance is at Thomson road, and that 1Brd going a at $1400 with an upside to $1600 since its a D11!?? OMG...
    it's a marketin ploy..would people buy if they say the price will go down to $1000? gotta paint the rosy picture..then let the buyers take the risk..
    go up u win, go down u lose.

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