I think these prices are the correct prices, looking at the rentals of these units on the ura site they go for 6k-7.5k for the 3 bed , 2.8 mio is probably the right price for this rental level. These 2 recent trades will establish 2150 as the benchmark.
I used to live in a landed property the other side of paterson road on Jalan Arnap and found Paterson road very busy and noisy all day and night, for the same psf I would buy a unit at cuscaden residences, much quieter built to the same standard and also trading at 2150 psf .
You need to go into the respective estates and units to see for yourself than you will know......
And by the way, that is the reason why I only look at Stack 06 because it is facing the estate's own swimming pool and inward facing, no noisy main road, quiet, windy, fully built up in front at a very comfortable far distance (no nasty surprise that some weird towering building will spring up in front and spoil the 风水)...
On the other hand, Paterson Suites and The Paterson beside each other and very close-by, sort of cramp in there...
Paterson Residence $1500 psf in May 2009 how can be fake price? That was the time when few people were buying even when they are loaded and cash rich, because they are waiting for durian to drop lower and harder (much like now those forumers still shouting for crash now!). The buyer who bought at $1500 psf is like pick up a $1m from the floor!
I am telling you that the few smaller units transacted at less than $1500 psf for Paterson Residence are not open market transactions (I know very well because I was actively in the market at that time, and I was telling people to buy property!).
Holland Residences developer fire sale, any takers?
2 bedroom + Roof Terrace 1754 sq ft $11xxpsf
Previous similar penthouse unit caveat:
22 Feb 2010 #05-11 1722 sq ft 1466psf $2,525,400
Recent standard unit (without roof terrace) caveat:
29 Aug 2013 #02-14 980 sq ft 1909psf $1.87m
oops... and I cant remove the pic from tinypic! hahaha...
====== disclaimer start =====
we (both bargain hunter and myself) are not affiliated and does not have any commercial interest in the above property or with the agents.
this is purely sharing of information only and all investment decision comes with risks.
please do assess the risk by yourself or other certified professionals before making any decision to part with your hard earned monies.
====== disclaimer end =====
*gulp* hope we are off the hook now...
is it because the developer will kena "fine" if they hold on unsold units for too long?
What the QC and ABSD policies mean for developers
http://forums.condosingapore.com/showthread.php?t=18167
standard unit is 980 sq ft. u can minus off from the 1754 sq ft.
the unit for sale should be #05-13.
http://www.propertyguru.com.sg/listi...and-residences
just a few days ago still advertised at pre discount price by another agency.
Chelsea Gardens
Blk 2 #01-01 2228 sq ft
Bought 22 Jul 2010 1526psf
Sold 5 Feb 2014 1543psf
couldn't cover 3% stamp duty
http://www.propertyguru.com.sg/listi...helsea-gardens
interestingly, the ad on 24 Jan has still not been taken down. The buyer had a fun time BARGAINING down a few hundred k.
asked for $3.838m 1723psf. done at $3.4m+ 1543psf.
St Thomas Suites #15-01 2605 sq ft
Bought 18 Dec 2007 2200psf
Sold 18 Feb 2014 1892psf
total losses likely close to $1m
Don't mind me asking, how much SPF? Lower than jurong east?
refer to limfc and my unintentional free advert for them:
http://forums.condosingapore.com/sho...postcount=1813
$2m 2 bedders are very hard to sell now.
The Promont #16-01 2013 sq ft
Bought 9 Feb 2010 2122psf
Sold 21 Feb 2014 1540psf
losses in excess of $1.3m for a $4.27m purchase.
anyone want to put forward any de-coupling theory?