I guess I was lucky. Always bought at a time when my price was lower or average instead.
My neighbour downstairs (same stack) paid 10K more than I did for one bought on first day of release. For the other, I bought at a decent discount after developer cut prices to move stocks. So I did not pay more than the average for it, even though it was not the lowest. Another was bought on 2006 when there was huge stocks available - no need to say more right?
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Ura recorded 366 units sold which is about 50%
378 caveats lodged means another 12 units sold in the past week.
Now like panic buying has started.
yah, suddenly in april, they are selling > 10 units every week. after people saw tapestry (sold at 1361psf average), rivercove ec snapped up. thousands throng twin vew showflat (prob 1350psf average?), even the price raised 1299psf parc botannia sounds psychologically attractive haha.
Can't believe people are paying close to 1500psf for this location. lol
Actually quite alot of 5xxk 1 bedders resale listed in property guru.
but to be more accurate, there are still 12xxpsf bigger units that they are selling. the highest psf is 1463 and 1452 for the last 2 1 bedders and 1435 for a 2 bedder. the 377 units sold so far have a weighted average psf of 1276psf but i think most of the remaining units should be asking for > 1300psf by now.
PARC BOTANNIA FERNVALE STREET Condominium 28 OCR 99 years leasehold New Sale 1 $1,248,112 - 872sq ft Strata 16 to 20 1,432psf Jun-18
buyers are willing to pay a premium even though Riverfront is launching at 12xxpsf.
I guess riverfront will only sell at that indicated price on the first day to create the hype. Then they will inch up the prices to slowly sell till top. Their land cost is 669psf ppr including the 10% balcony bonus. Their profit margin will be razor thin if all their units sell at that indicated price.
with this being their only project, they seem really happy to let it ride with the tide as still have 3+ years to sell from now.
on the other hand, riverfront should be as you said. they need to sell fast as they NEED to so they will use the first phase to entice buyers. chances are that the bulk of the remaining units will be sold from 13xxpsf.
new high quantum for this project set in July 2018:
PARC BOTANNIA FERNVALE STREET Condominium 28 OCR 99 yrs lease commencing from 2016 New Sale 1 $1,900,000 - 1,453sq ft Strata 16 to 20 1,308psf Jul-18
new high psf for this project set in July 2018:
PARC BOTANNIA FERNVALE STREET Condominium 28 OCR 99 yrs lease commencing from 2016 New Sale 1 $855,000 - 581sq ft Strata 16 to 20 1,471psf Jul-18
Sengkang Central project could help this project clear more units at 13xxpsf.
I've notice extensive land clearing at the seletar west farmway area. Wonder what industrial area is coming up there.
Propnex has been officially appointed for Parc Botannia. Huttons is no longer the exclusive agency.
Propnex says Final Phase Released and All Units For Sales. Looks like they had some sort of deal with the developer to stop the "Not Released" veil. put all units on the market then we sell for u haha.
https://scontent.fsin4-1.fna.fbcdn.n...7e&oe=5CD0330A
but PB's own studios are already sold out and most of the 1+study are also sold out. there are only 9 units of 1+study left at PB and they are from 713k.
there are 20 sub sales at high park residences in 2018 ranging from 1081psf to 1350psf. 6 tiniest 1 bedders at 388 and 398sq ft were resold at between 480k to 515k.
Sing Holdings' announced that about 81% of Parc Botannia has been sold. Pace of sales seem to have improved tremendously since the introduction of Propnex as a competing marketing agency to Huttons. lol.