Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

[revieli]

Subsale for CW is not that high, just talked to agent a few days ago, he got a few units from 620-650 psf. He told me that these units were bought by syndicate trying to make a quick profit for 50K or so per unit. Even at that price, it doesn't seem to move like "hot cakes" since CW sold out almost two months ago and yet they still holding a number of units.

CW is much better location and layout than VP. If subsale for VP doesn't move like hotcake, it is a bit strange to hear there is a lin-up for buying subsale for VP?

Why do you feel CW is in a better location? VP has a side exit to Clementi Rd. CW and Stellar dont have. VP also has units facing clementi woods.

[camelot]

Why do you feel CW is in a better location? VP has a side exit to Clementi Rd. CW and Stellar dont have. VP also has units facing clementi woods.

Personally, both are just next to each other so I won't say one is better located than the other. However, CW has units facing the park which VP can't offer. Privacy comes with a premium.

[revieli]

Personally, both are just next to each other so I won't say one is better located than the other. However, CW has units facing the park which VP can't offer. Privacy comes with a premium.

What I meant was VP has units facing the park too (CW park). However agree with you that location wise it doesnt make much difference, except for the side gate which means slightly more convenience. Cheers.

Saw in another thread that you bought One-North. Can I ask for stay or for investment?

[camelot]

What I meant was VP has units facing the park too (CW park). However agree with you that location wise it doesnt make much difference, except for the side gate which means slightly more convenience. Cheers.

Saw in another thread that you bought One-North. Can I ask for stay or for investment?

You probably mistaken me for another person. I didn't buy anything at One North. Find it a bit too pricey. However, I do own a unit at The Raintree. Cheers.

[Unregistered]

Subsale prices will normally rise as construction progresses. So it may be worthwhile buying these units now before they start climbing higher. New launches at West Coast Park (WCP) are already asking "new" high prices.... e.g. some units at Botania going for over $830psf!!!!


CW is in a most desirable location compared to WCP.

Hi Camelot:
You seem sure CW is a good buy even at subsale level and good chance to go higher before TOP, wondering are you considering buying a unit at CW yourself?

Assuming you only have money for investing in one more property, which one will you buy now at the current level?

[Tropical Fish]

If subsale for VP doesn't move like hotcake, it is a bit strange to hear there is a lin-up for buying subsale for VP?

The reason for the line-up is because not many sub-sale units available on the market right now. More buyers than sellers.

VP wasn't sold out till the weekend when CW had the soft launch. People who went to CW soft launch started to notice the VP, which is just right next to CW. VP sold the last few units in one day (Sat.) and put up the sold-out sign next day (Sunday).

[Unregistered]

VP also has units facing clementi woods.

According to the siteplan of VP, only the units at #52,49,48 and 45 facing clementi woods. However, these units are also VERY close to Clementi Rd.
Nosie from traffic can be a problem.

[camelot]

What I meant was VP has units facing the park too (CW park). However agree with you that location wise it doesnt make much difference, except for the side gate which means slightly more convenience. Cheers.

Saw in another thread that you bought One-North. Can I ask for stay or for investment?

I don't think VP has units facing the park as the adjacent plot is ClementiW condo. Only CW has units facing the park. Correct me if am wrong...

[camelot]

Hi Camelot:
You seem sure CW is a good buy even at subsale level and good chance to go higher before TOP, wondering are you considering buying a unit at CW yourself?

Assuming you only have money for investing in one more property, which one will you buy now at the current level?

If you're looking at this area then I will go for CW. Having said that, I will only be interested in the units facing the park. If it faces inside and looking into another block opposite then must as well buy VP which is cheaper.

If a unit facing the park (Block 88) comes along, I will seriously consider it.

[Unregistered]

Quote from Opinion and Analysis - 20/04/07
Regional experts
Dr Chua Yang Liang and Christopher Fossick of JLL discuss the thriving residential property market in Singapore.
By John Higginson


"Which other areas with good growth potential should savvy buyers also consider?
CYL: Developments in the East Coast and West Coast with good growth potential are being well received by buyers. Boutique developments such as Axis @ Siglap, The Mint Residences, Robertson Edge and Tessa Lodge received good take-up, even in the absence of any showflats. ClementiWoods also had a positive response due to its location. With a number of collective sales in East Coast transacted in 2005 and 2006, we can expect more new launches in 2007. "

"Do you see the ‘mass’ residential market ever keeping pace with the high-end, and what factors dictate growth in this sector?
CYL: The mass market continues to lag behind the high end. Currently there are no major urban policy shifts nor draconian fiscal measures that would help spur the upgrader market. However, there´s the filtering-down effect from the high prices in the luxury sector, which has helped pull up some of the prices, particularly the mid-tier projects and we expect this filtering-down effect to continue. We´ve seen some improvements in the average pricing of mass-market projects such as Yew Tee Residences, The Centris and ClementiWoods. Projects with good accessibility such as near major transportation nodes such as MRT and bus interchange, and near to amenities such as schools continue to be well sought after. Overall, we predict that the mass market will rise between 6-8% in 2007."

For the complete article, please go to:
http://www.property-report.com/print...archives&id=71

[Joyland]

Anyone can advised on the Stellar? very interested in this, how is the response and psf? Thanks.

[Unregistered]

Anyone can advised on the Stellar? very interested in this, how is the response and psf? Thanks.

Current developer selling,pool face,$735 to $800psf.

[Unregistered]

Current developer selling,pool face,$735 to $800psf.

Start a Stellar thread?

[U2_Fan]

I have bought a 560 sqft unit at Clementiwoods and intend to keep it to rent it out later.
Any idea what kind of rate a unit of this size in this area commands at this point in time ?

[Unregistered]

I have bought a 560 sqft unit at Clementiwoods and intend to keep it to rent it out later.
Any idea what kind of rate a unit of this size in this area commands at this point in time ?

Based on current prices, I reckon you can easily get $1500-$2K.
If market continues to rise by the time it TOP... easily above $2K.

FYI, a 2-bed in this area already asking over $3K pm.

[Tropical Fish]

Ginza Plaza has a new name now called "West Coast Plaza".

[revieli]

It has been 2 months since it's sold out but they havent even torn down the showroom and start construction. What's going on??

[Unregistered]

Maybe haven't found the construction company, or not enough workers or materials yet? So this condo TOP may stretch to its estimated deadline if it doesn't start work anytime soon. Think that would be 2011. By then, not sure if Singapore would have recovered from the "big shock" and the "something's coming" of 2008/2009 or so? If history is correct, CW's resale price will be like the 99-yr leasehold of West Bay just about 1 year ago - about 450k for a 3-bedroom. My 2-cents to investor-sellers? - Sell now. My 2-cents to buyers? Don't buy unless less than 500psf or you may regret. Stayers? - Just stay. Quite nice. Nobody will be offering you a price you can't refuse. Not for this one - my 2-cents.

[Unregistered]

Oh please! This is a 5 storey development. The construction will be faster than those high blocks. No need strong foundation for such low blocks. Official TOP is Dec 2010. Even if they start end of this year, they will still make it before Dec 2010. Don't worry....

Oh btw, I have been in the construction industry a very long time

[Unregistered]

In URA's press release today:

"...The increase in private housing prices in recent quarters is in line with greater economic growth and rising confidence. Private housing prices are now increasing at a faster pace because of good economic prospects going forward and the increasing attractiveness of Singapore as a global city."

[Tropical Fish]

My 2-cents to buyers? Don't buy unless less than 500psf or you may regret. Stayers? - Just stay. Quite nice. Nobody will be offering you a price you can't refuse. Not for this one - my 2-cents.

Got an unit in CW @ $570 psf in January. Two weeks ago, an agent called and said a buyer is willing to pay $700 for our unit.

Very glad to see the value our condo has increased in such a short time ~ cheers to all the owners of CW.

[Unregistered]

Guess if you bot for investment then maybe you can consider selling it for a profit. However, like me, if you're buying to stay... sell high now, will need to buy high too. So am holding on to my unit

[Tropical Fish]

Guess if you bot for investment then maybe you can consider selling it for a profit. However, like me, if you're buying to stay... sell high now, will need to buy high too. So am holding on to my unit

We're also buying to stay. Agree with your point of view and not considering to sell in spite of the good price.

[Unregistered]

Someone wrote this in another forum:

"yes, do you want to be neighbors of six or seven foreign students squeezed into a 1,000 sf condo? that is a future waiting for you, if you buy a unit a varsity park.

You would smell odors from your next door unit. the kitchen would be a mess, and the toilet would be so thick with stuff, a corn will grow. yuck. Not me."

This is bad news for CWC too.

[L.]

hello.. im keen in cw.. when isit top.. i went past it today looks really empty.. construction barely started

[Unregistered]

looks like around 1 more year to go.. I was at a unit of Varsity Park which faces the CW site 2 weekends ago, and construction of the "above ground" stuff still looks very preliminary... apparently they were affected by the sand ban some time back...

[Unregistered]

Expected date of top is December 2010

[Unregistered]

Someone wrote this in another forum:

"yes, do you want to be neighbors of six or seven foreign students squeezed into a 1,000 sf condo? that is a future waiting for you, if you buy a unit a varsity park.

You would smell odors from your next door unit. the kitchen would be a mess, and the toilet would be so thick with stuff, a corn will grow. yuck. Not me."

This is bad news for CWC too.

Whether VP and CW becomes dormitory for students is really depend on the rental market. Many condos in the upper bukit timah areas were suffering the same fate betwen 1999 to 2005 during to very soft market. Since then, all the students had moved out, persumable to HDB because of hight rent. Yes, if the market turns soft in the next few years, VP and CW will be in demand for students since it is so close to NUS.

[Unregistered]

Whether VP and CW becomes dormitory for students is really depend on the rental market. Many condos in the upper bukit timah areas were suffering the same fate betwen 1999 to 2005 during to very soft market. Since then, all the students had moved out, persumable to HDB because of hight rent. Yes, if the market turns soft in the next few years, VP and CW will be in demand for students since it is so close to NUS.

Within 1Km radius of CW, there will be 3000 new condos being release in the next three to four years. It doesn't take a roket scientist what it means to rental rate in that area in a few years time.

[Unregistered]

Within 1Km radius of CW, there will be 3000 new condos being release in the next three to four years. It doesn't take a roket scientist what it means to rental rate in that area in a few years time.

Within 1Km radius of MBR, there will be 3000 new condos being release in the next three to four years. It doesn't take a roket scientist what the rental rate in that area will continue to go up in a few years time.