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Thread: The Vision coming soon

  1. #41

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    Quote Originally Posted by proud owner
    3.5 mio ?

    can buy a FH landed semi D ...of 4500 sqft land ..at many choice location leow .. why buy LH ? seow
    Crazy pricing The higher it is priced, the stronger is the signal that their units cannot move in the market. Thus that kind of pricing.
    At this pricing, you might want to try FH cluster housing costing less than 2 million... some landed in D5 is also going for much less than 3.5 miliion. The best comparision is westside33 or something, FH and near to it and lss than 2 million... those folks are the biggest winners.

  2. #42
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    Quote Originally Posted by Allthepies
    Quote Originally Posted by sfwoo
    I don't understand the developers.

    West Coast Highway is overwhelmed by heavy vehicles, all three lanes sometimes.

    West Coast Park has no beach to speak of.

    The water there is nothing like in their advert, visibility in the water is one foot on good days.

    The air is filled with whatever spews from the smoke stacks in the refineries offshore.

    The scenery is punctuated by container cranes.

    Like that, still can price at a premium???
    u don't understand;
    i don't understand;
    in the end at >1100psf;
    it will still sell out;
    Property is a very simple investment, because property prices will always go up in the long term.

    That's why properties are for simple-minded, uneducated people like Mr. Ng Teng Fong or Mr. Li Kashing.

    Those who are too intelligent and try to analyse too much ended up in the Straits Times complainers' forum writing letters to complain about very high property prices.

    There is nothing to analyse, just buy.

    You will never be able to predict exactly which place is going to outperform another, relatively.

    Look at the 1980's classfieds below.

    Would you like this West Coast Jalan Mas Kuning terrace filled with heavy vehicles, no beach, poor visibility, smoke stacks for $455,000 ?



    Or grab this Grange Heights for $650,000 even though it was not in the prime part of River Valley (as some people pointed out) and too far from the main road?



    Or these landed properties for around $400k, even though the rental yield for landed was always miserable?



    Propertism Rule No. 1 - Properties should only be bought. Not sold.

    Property prices will always go up in the long term simply because paper money will eventually lose all its value.

    “The modern banking process manufactures currency out of nothing.”.
    - Lord Josiah Stamp, Former Director of the Bank of England (1937)

    “At the end fiat money returns to its inner value—zero.”
    - Voltaire (21 November 1694 – 30 May 1778)

  3. #43

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    Quote Originally Posted by sumo22
    If Blue Horizon is not doing well in the resale market, can i expect this Vision to do well?
    rental for blue horizons 2 rms is 3.5k, resale psf is abv$750, so i dun understand why is it not doing well? Last time, my frd bought a 3 rm psf is below $600.

  4. #44

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    [quote=jlrx]Property is a very simple investment, because property prices will always go up in the long term.

    That's why properties are for simple-minded, uneducated people like Mr. Ng Teng Fong or Mr. Li Kashing.

    Those who are too intelligent and try to analyse too much ended up in the Straits Times complainers' forum writing letters to complain about very high property prices.

    There is nothing to analyse, just buy.

    hahaha, i really like what u have said, so true!!!

  5. #45

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    Quote Originally Posted by JXCHIA
    rental for blue horizons 2 rms is 3.5k, resale psf is abv$750, so i dun understand why is it not doing well? Last time, my frd bought a 3 rm psf is below $600.
    becos its neither here nor there location ...

  6. #46

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    Quote Originally Posted by proud owner
    becos its neither here nor there location ...
    Actually, the demand (sale and rental) has move out from blue horizon to the newer projects like clementi woods, varsity park, botannia, carabella and even 100 trees, the parc etc.... neither here or there locations too but at least newer... Anyway problems with accessibility could be solved by shuttle service to MRT or own transport.

    BH is by Far East with multi storey carpark... perhaps that is the reason.

  7. #47

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    Quote Originally Posted by Condorich
    Actually, the demand (sale and rental) has move out from blue horizon to the newer projects like clementi woods, varsity park, botannia, carabella and even 100 trees, the parc etc.... neither here or there locations too but at least newer... Anyway problems with accessibility could be solved by shuttle service to MRT or own transport.

    BH is by Far East with multi storey carpark... perhaps that is the reason.
    The fact you can't even open the windows fully is another reason. It is not helping that someone wrote a scary story about an encounter with ghosts at BH. Credible or not, it is not helping.

    Wonder whether the vision will have windows that cannot be fully opened.

  8. #48

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    One of the agents for The Vision told me, preview prices adjusted downwards, to about $950 psf.

    I am hoping for prices to fall some more.

    Will wait.

  9. #49
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    Buzz in private housing sales continues
    Weekend sales of about 45 units at Waterscape at Cavenagh and over a dozen units at L'VIV
    Kalpana Rashiwala
    The Business Times
    Thursday, 25 February 2010

    The buzz in private home sales appears to be continuing even after last Friday evening’s government announcement of new measures to cool the property market.

    About 45 units at Hiap Hoe’s Waterscape at Cavenagh are said to have been sold since Saturday – the bulk of them 1-bedders although some 2- and 3-bedroom units were also sold. Hiap Hoe is understood to have offloaded 61 units so far in the 200-unit project, which will be officially launched soon. The majority of buyers are understood to be Singaporeans; foreigners made up about 15%-20% of purchasers.

    The freehold project is 5 to 7 storeys high. The average price achieved is understood to be about $1,873 psf, with prices ranging from $1,738 to $2,010 psf. The lowest-priced unit sold was a 1-bedder of 581 sqft on the 2nd level that fetched $1.03 million or $1,778 psf.

    Wing Tai is also understood to have sold slightly more than a dozen units over the weekend at L’VIV at Newton Road. This takes total sales to about 35 units.

    The 147-unit freehold project comprises almost entirely of 1- and 2-bedroom units (both with study). The average price is said to be about $2,000 psf and buyers have to purchase on the old deferred payment scheme (DPS). They pay 20% of the purchase price initially with the rest deferred till the 32-storey project receives Temporary Occupation Permit, which is expected around 2013.

    Developers that had obtained approval from the authorities to sell projects on DPS prior to the scheme being scrapped in October 2007 are still allowed to offer DPS.

    Last Friday, just hours before the government’s announcement, a joint venture between Sing Holdings and Forum Partners is said to have sold more than 40 units at The Laurels on Cairnhill Road, which is being developed on the former Hillcourt Apartments site.

    The units were sold at a 1-day private preview held for former owners of Hillcourt Apartments as well as the developers’ staff and business associates. Those who turned up for the preview were quoted a price range of $2,500 to $2,900 psf, although a one-bedder on the 18th floor is said to have sold at just a shade below $3,000 psf. In absolute quantum, the highest-priced unit transacted was a penthouse with 4 bedrooms and a garden that fetched almost $9.9 million or about $2,040 psf, BT understands.

    The buyers were mostly Singaporeans, although some Indonesians who had formerly lived in Hillcourt are also said to have bought. The Laurels will be next previewed in a fortnight, on March 13.

    The project is near Capitaland’s Urban Suites, where 88 units were sold last month at prices ranging from $2,213 psf to $2,921 psf.

    The landed housing market also continues to teem with activity. RealStar Premier Property Consultant managing director William Wong says that his firm has brokered or co-brokered 4 bungalow deals in the past few days. These include a 2½-storey property at Berrima Road off Dunearn Road that sold for $8.75 million or $1,944 psf, based on its land area of about 4,500 sqft. The bungalow was completed a few months ago.

    At Kheam Hock Road nearby, a brand new bungalow sold for $8.5 million or $1,577 psf. The other 2 transactions were at Namly Grove ($10.8 million or $1,125 psf) and Coronation Road West ($10.4 million or $906 psf).

    Mr Wong does not expect the measures announced by the government last Friday – which include a seller’s stamp duty for those who sell a residential property within a year of purchase – to affect landed property buyers. Those who buy bungalows often renovate them and this could take 6 months to a year; so they’re unlikely to have been planning to resell within a year, according to Mr Wong. Besides, bungalow buyers usually have more holding power, he added.

    Mr Wong forecasts a 5-10% rise in landed home prices this year, citing limited supply; the stock of landed homes on the island is much smaller than condos/apartments.

    Singaporeans make up about 60% of Mr Wong’s bungalow buyers these days; the other 40% are permanent residents, who are allowed to buy bungalows with land areas up to around 15,000 sqft.

    Meanwhile, at West Coast Crescent, agents marketing Thë Vïsïön are said to be collecting chëqüës ahead of the 99-year leasehold project’s preview planned in the 2nd week of March.

    Those issuing cheques are said to have been told prices could be in the $1,000 psf to $1,200 psf range, although there will be an early bird discount.

    The Vision, being developed by a Singapore unit of Cheung Kong Holdings, comprises 281 apartments housed in 2 33-storey towers and 14 strata houses. The development will not have any 1-bedroom apartments, which typically are the first to be snapped up these days because of the lower entry barrier in terms of a smaller lumpsum investment.

    Instead, The Vision’s apartments will be 2-, 3-, and 4-bedders as well as penthouses. The majority of units are 3-bedroom apartments – mostly ranging from 1,259 to 1,313 sqft, with 3 ground floor units (inclusive of private enclosed space) of 1,776 sqft to over 2,000 sqft.

    Summing up the continued enthusiasm of home buyers, a seasoned property consultant said: ‘Buyers are quite confident prices wön’t fäll; in fact, they’re likely to rise because of the improving economy and the completion of the IRs.

    Agreeing, an agent says: ‘There’s still a lot of mönëy; if you can’t put it in property, where else can you put it?

  10. #50

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    Quote Originally Posted by Reporter
    Agreeing, an agent says: ‘There’s still a lot of mönëy; if you can’t put it in property, where else can you put it?
    Meanwhile, subsales in mass market condos continue to be sluggish, even at prices below $600 psf.

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