View Full Version : Twin Vew
Opens for preview this weekend with indicative price:
1 Bedroom From $650k
2 Bedroom From $898k
3 Bedroom From $1.18m
4 Bedroom Fro $1.55m
Those who bought Parc Riviera during their launch fixed price promo to 15th floor must be laughing to the bank now.
:scared-3:
bargain hunter
20-04-18, 20:24
even then, this is cheaper than i thought. i think psf could well be lower than the tapestry?! the newspaper reported average psf of the tapestry at 1310psf but i downloaded the 300+ caveats lodged and it showed average psf of 1360psf!
With the sengkang ec selling 965psf, normal condo sell over 1300psf is like a norm now. Most probably some sort of cooling measures may be applied if this trend continues for another year or 2.
With the sengkang ec selling 965psf, normal condo sell over 1300psf is like a norm now. Most probably some sort of cooling measures may be applied if this trend continues for another year or 2.
Yes. 15% ABSD should do the trick for 2nd time! 👏👏👏👏
bargain hunter
21-04-18, 10:14
With the sengkang ec selling 965psf, normal condo sell over 1300psf is like a norm now. Most probably some sort of cooling measures may be applied if this trend continues for another year or 2.
sorry bro. this is probably the last 13xxpsf plot. the developers are probably looking for >1400psf for the upcoming new launches because of the land price that they paid last year (and after)
sorry bro. this is probably the last 13xxpsf plot. the developers are probably looking for >1400psf for the upcoming new launches because of the land price that they paid last year (and after)
Not for D19, they going for 1700 psf
http://www.straitstimes.com/business/whats-the-top-bid-of-s44628-mil-for-serangoon-north-avenue-1-private-residential-site
EC selling price is their land price.
The price works out to about $964.8 per sq ft per plot ratio for the 99-year leasehold plot, which could yield 505 private homes.
Yes. 15% ABSD should do the trick for 2nd time! 👏👏👏👏
Usually when such rumours abound, people will panic and inevitably there will be kiasu buyers rushing in to buy before it comes true. This will have the effect of pushing the price even higher and at a quicker rate.
bargain hunter
21-04-18, 19:14
Not for D19, they going for 1700 psf
http://www.straitstimes.com/business/whats-the-top-bid-of-s44628-mil-for-serangoon-north-avenue-1-private-residential-site
EC selling price is their land price.
The price works out to about $964.8 per sq ft per plot ratio for the 99-year leasehold plot, which could yield 505 private homes.
precisely! Min. is 1400psf. no upside limit! SPH already said gonna sell Woodleigh at > 2000psf. even if the chip eng seng consortium want to undercut them, they can probably still sell at 1900psf. Serangoon Gardens as you say is looking at 1700psf. the HUDC plots won by oxley consortiums and logan min. 1400psf (very likely to be more and at a range from 1400 to 1600psf).
the lastest and currently only ec plot won by cdl at punggol is gonna be sold at > 1100psf.
back to Twin Vew, spotted agents posting videos of a full house and long queues to see the showflat. The caveats at The Tapestry average 1360psf, I think Twin Vew is attempting to sell cheaper than them for a quick sell out.
The last site bought at yesterday’s pricing.
precisely! Min. is 1400psf. no upside limit! SPH already said gonna sell Woodleigh at > 2000psf. even if the chip eng seng consortium want to undercut them, they can probably still sell at 1900psf. Serangoon Gardens as you say is looking at 1700psf. the HUDC plots won by oxley consortiums and logan min. 1400psf (very likely to be more and at a range from 1400 to 1600psf).
the lastest and currently only ec plot won by cdl at punggol is gonna be sold at > 1100psf.
back to Twin Vew, spotted agents posting videos of a full house and long queues to see the showflat. The caveats at The Tapestry average 1360psf, I think Twin Vew is attempting to sell cheaper than them for a quick sell out.
Usually when such rumours abound, people will panic and inevitably there will be kiasu buyers rushing in to buy before it comes true. This will have the effect of pushing the price even higher and at a quicker rate.
Yah the current trend of price increase is developer engineered. Then followed by kiasu miss the boat syndrome. Actual rental is still very weak and resale prices still lag behind by a large margin.
Buyers may be screwed...once cooling measure announce again...thats it.
Yah the current trend of price increase is developer engineered. Then followed by kiasu miss the boat syndrome. Actual rental is still very weak and resale prices still lag behind by a large margin.
Who is looking at rental yield now when buying property?
If you look at landed it is even worst. PC buying is about preserving your wealth and capital appreciation.
Buyers may be screwed...once cooling measure announce again...thats it.
Are they more screwed buying before or after alleged new cooling measures?
stalingrad
21-04-18, 21:36
A china condo indeed. The paragraph below is cut and pasted from the Twin Vew website. This gives both lying and bad English new meanings.
"With a prime spot on West Coast Vale in District 5, Twin Vew location falls on the radar of many high profile and daily amenities with extremely short commute times. Residents can easily accessible any of these for their shopping or excursive needs, making Twin Vew an ideal place for the cosmopolitan generation."
stalingrad
21-04-18, 21:40
Another Doozy. A bad lie written in Chinese English.
"Buyers will also enjoy the magnificent facade of the orchard shopping area which is one of the major places of attraction for tourists in Singapore. Here, one will find a host of amenities which include fashion stores, jewellery, food, shopping markets, etc. It is truly one Singapore’s most urbane places to be."
West Coast is so far from Orchard it may as well be Paris.
Before new cooling measures... guess developers are pushing up the prices.
So better to buy before the cooling measures (2009) start or after all the cooling measures are lined up and implemented (2013)?
Not necessary to buy from Developers if one feels it is expensive.
Before new cooling measures... guess developers are pushing up the prices.
Do developer have a choice to buy cheap?
GLS set the base price, en-bloc when GLS is slow for the market.
With Billion of Dollar spend on the infrastructure anyone can suggest to sell land cheap cheap must be very good in his Math.
Money printing is out of control, you print I print everyone print.
The best printer is China, and they export it oversea.
The US export their inflation to the World, China keep buying their debt until they also want to export their debt.
Why is there need for new cooling measures?
The fundamental reason why property prices are increasing is because of money printing and escalating money in circulation, so they should tackle the real cause instead of treating symptoms?
Before new cooling measures... guess developers are pushing up the prices.
Why is there need for new cooling measures?
The fundamental reason why property prices are increasing is because of money printing and escalating money in circulation, so they should tackle the real cause instead of treating symptoms?
Not many believe Bank just print money and MAS (Central Bank) control the flow.
I like to use my example but people don't like to read.
https://tradingeconomics.com/singapore/money-supply-m2
More than 2,000 buyers thronged the Twin VEW show flat on the opening weekend. PropNexians were having fun helping customers place their interest & submit their cheques for the chance to ballot for a unit.
Don’t miss the best selling project in West Coast today, simply because it is priced very low for such a high premium product, in an excellent high growth location beside the 2nd CBD.
�� exciting new launch of the WEST ‼
1BR – from $650k
2BR – from $898k
3BR – from $1.18 mil
4BR – from $1.55 mil
Average psf from an amazingly low $12xx psf to $14xx psf. Probably the last private condo new launch that is selling in this price range for the rest of the year.
stalingrad
22-04-18, 22:25
More than 2,000 buyers thronged the Twin VEW show flat on the opening weekend. PropNexians were having fun helping customers place their interest & submit their cheques for the chance to ballot for a unit.
Don’t miss the best selling project in West Coast today, simply because it is priced very low for such a high premium product, in an excellent high growth location beside the 2nd CBD.
�� exciting new launch of the WEST ‼
1BR – from $650k
2BR – from $898k
3BR – from $1.18 mil
4BR – from $1.55 mil
Average psf from an amazingly low $12xx psf to $14xx psf. Probably the last private condo new launch that is selling in this price range for the rest of the year.
Haha, this is interesting. When we purchased our unit at Carabelle next door, with better location and tenure (ours is 956ys), we were among few potential buyers at the showflat, and we reluctantly agreed to purchase a unit after persistent begging by the agent, at more than $550 per square foot. Time indeed has changed.
Prices in that area has been increasing with every new project. Infiniti was the cheapest, followed by:
Carabelle
Botannia
Hundred trees
NeWest
Parc Rivera reversed the trend during the initial launch due to cooling measures, and probably due to 99 years status also.
99 years for a the price of a 999 at that area. Why is it a rush at this property . Is it due to a new mrt station nearby ? Or the up n coming HSR( it's also not very near )
bargain hunter
30-04-18, 22:33
99 years for a the price of a 999 at that area. Why is it a rush at this property . Is it due to a new mrt station nearby ? Or the up n coming HSR( it's also not very near )
because of quantum and other factors previously discussed on why some buyers choose brand new launch vs resale. 3 bedders at the 956 botannia are around 1300 sq ft and asking 1200psf = $1.56m thereabouts. 3 bedders at twin vew are 9xx sq ft and 10xx sq ft which would cost from $1.18m. $1.56m can get buyers a 4 bedder at twin vew.
Wow huge crowd turn out today at Twin Vew.
Wow huge crowd turn out today at Twin Vew.
Really a big contrast to Parc Riviera launch one year plus ago. Cheap 1 tier pricing to 15th floor not much people want. Now sell more expensive everybody come. :scared-5:
Per link below, seem like half sold as at 1pm!
https://www.facebook.com/AskRealtorMani/photos/a.623458067809310.1073741828.567076070114177/1007161792772267/?type=3&theater
bargain hunter
05-05-18, 15:39
Really a big contrast to Parc Riviera launch one year plus ago. Cheap 1 tier pricing to 15th floor not much people want. Now sell more expensive everybody come. :scared-5:
cannot compare with inferior product which has half the units facing expressway and the other half having not much view but a lot of VEW. :congratulatory:
bargain hunter
05-05-18, 17:54
Per link below, seem like half sold as at 1pm!
https://www.facebook.com/AskRealtorMani/photos/a.623458067809310.1073741828.567076070114177/1007161792772267/?type=3&theater
from another fb post after 5pm..."Awesome turnout this morning for the balloting! All 1 and 2 bedders sold. Limited 3 and 4 bedders left!" :jaw-dropping:
bargain hunter
05-05-18, 19:14
> 75% sold
bargain hunter
05-05-18, 19:15
=
> 390 out of 520 units sold.
https://www.facebook.com/VincentLavenaPropnex/photos/pcb.637864569885937/637864359885958/?type=3&theater
https://www.facebook.com/VincentLavenaPropnex/photos/pcb.637864569885937/637864359885958/?type=3&theater
What is the average psf?
https://scontent.fsin3-1.fna.fbcdn.net/v/t1.0-9/31945726_10213207800202500_4528292996378001408_n.jpg?_nc_cat=0&oh=52a7b01270beb94619f8e02704dccc15&oe=5B8F7CBF
What is the average psf?
From Agent at TV Pls take 1400psf as guide
Final score:
454/520 Bal 66
87.3% sold in 1 day.
‼ IMPORTANT‼
ERA will be conducting a sale of the Returned Units
Tomorrow: 6th May’18
Venue: Showflat Tentage
❎No swapping of units for existing purchasers
❎No condition of sales. Only straight forward cases.
❎ no reissue cases
Mode of sales: Balloting
(Buyers preferably to be present)
Programme:
11:30am: Drop Ballot tickets & Briefing for Agts & Buyers
12pm: Price will be released
12:15pm: Commence booking
Units available.
#31-10
#33-10
#02-13
#28-11
#18-13
#12-05
#02-12
#15-12
#35-14
#34-15
#32-14
#35-07
#17-06
#24-01
#30-08
#29-11
*Be prepared for revised new higher pricing
bargain hunter
06-05-18, 11:53
1 day already overtake the total units sold since launch for both the tapestry and parc botannia so far even in absolute numbers.
bargain hunter
06-05-18, 11:54
next week amber 45 goes on sale then, le quest phase 2 the following week, then margaret ville another 2 weeks later i think.
From Agent at TV Pls take 1400psf as guide
Final score:
454/520 Bal 66
87.3% sold in 1 day.
I am informed it is around 12xx to 13xx psf.
bargain hunter
06-05-18, 12:30
I am informed it is around 12xx to 13xx psf.
i think started FROM 12xx but average should be 13xxpsf ba.
��Twin VEW announcement��
Show flat will be closed from Mon to Fri
Re-open for sales next Sat (12th May) with new higher pricing so push for closing today.
Last 2 PH:-
PH1 $2,858,000
PH2 $3,098,000
All cheapest units:-
#29-06 $1,830,000
#29-02 $2,113,000
#25-05 $1,562,000
#14-09 $1,583,000
All above price only valid as at today.
Final Returned units
PN stocks
#29-01 $1,371,000 PDI drawn
#33-01 $1,402,000
#23-05 $1,548,000
ERA stocks
#31-10 $1,451,000
#33-10 $1,461,000
#18-02 $2,007,000
#34-15 $1,575,000 PDI drawn
KF stocks
#05-15 $1,408,000 PDI drawn
#27-10 $1,431,000 PDI drawn
#22-09 $1,651,000
#11-03 $1,791,000
#32-02 $2,143,000
Per ST,
Buyers snapped up 442 of the condominium's 520 apartments - including four of its six penthouses - for a take-up rate of 85 per cent.
They coughed up an average sales price of $1,399 per sq ft (psf) for the 99-year leasehold development, which is expected to be ready by the fourth quarter of 2021.
https://www.straitstimes.com/business/property/strong-take-up-of-twin-vew-apartments
actually with the CDL plot, why does this developer seem to be in a hurry to sell out?
actually with the CDL plot, why does this developer seem to be in a hurry to sell out?
Collect money and build next plot!
actually with the CDL plot, why does this developer seem to be in a hurry to sell out?
Make hay while the sun shine?
And it probably also reflects the business model of a foreign developer (maybe the Chinese developers) is different than that of the local developer or Malaysia developers who are more familiar with Singapore markets and is willing to take a longer term view of the business.
In a way, it's the same with us individual investor isn't it? when I first started investing on UK and Oz, I adopted a `hit and run' strategy. Over time, with greater familiarity, I became more confident and I'm willing to take a longer term view of my foreign investments and even sometimes willing to reject a lower price and wait for a better offer before selling it.
bargain hunter
07-05-18, 12:10
1399psf average is more or less maxed out for now for this project. CDL launch may be some time away. if market is bad then (although unlikely), CDL may sell at 14xxpsf and it may be difficult/uncertain for Twin Vew to sell. So better to sell as many as possible now before CDL launch. the developer, as with many of us, probably didn't expect a 1399psf average to be able to sell 85% mostly on the first day itself. as the lowest priced land cost projects start selling out at 13xxpsf, the base then becomes 14xxpsf. not sure which project is selling at this level except the sixteen35 at geylang. seems like many are targeting > 1500psf.
The cdl plot is fronting aye. On par with parc riviera. Twin vew slightly more superior. South facing units get school view and reservoir view.
bargain hunter
07-05-18, 19:06
The cdl plot is fronting aye. On par with parc riviera. Twin vew slightly more superior. South facing units get school view and reservoir view.
do note that the reservoir view is NOT permanent. part of the giant field (nearer to west coast road) is actually zoned residential.
stalingrad
07-05-18, 20:11
The cdl plot is fronting aye. On par with parc riviera. Twin vew slightly more superior. South facing units get school view and reservoir view.
CDL always pay more for land and sell higher, at the expense of the buyers. It happened in 2006 as well. In that year, CDL bought the plot of land for Botannia at a much higher price psf than what Sim Lian paid for the plot for Carabelle. Botannia was launched at an average price psf $100 higher than that for Carabelle. Specifically, Botannia was launched at $700 psft on average and Carabelle at less than $600 psf. But over the long run, buyers of Carabelle have proven to be the lucky ones, as the two projects now have basically the same market value per square foot, both at $1300.
Really a lot of kumgong sinkies
I see already, can't help but LOL
Really a lot of kumgong sinkies
I see already, can't help but LOL
Just like when I buy, people like to say near Golden Mile got lot of Thai worker, near Geylang got lot of chicken, near HDB, near HDB rental flat........
Lucky I still buy.
Ok, so the nearest mrt station will be pandan reservoir station just across the river.
Where can I find the CCL station location?
https://www.lta.gov.sg/content/ltaweb/en/public-transport/projects/jurong-region-line.html
Click on the related links to download the pdf file of all the station alignment.
Pandan reservoir station is beside commonwealth secondary school.
bargain hunter
09-05-18, 18:55
https://www.lta.gov.sg/content/ltaweb/en/public-transport/projects/jurong-region-line.html
Click on the related links to download the pdf file of all the station alignment.
Pandan reservoir station is beside commonwealth secondary school.
min. 900m walk?
stalingrad
09-05-18, 19:33
min. 900m walk?
No, about 500m.
stalingrad
09-05-18, 19:56
No, about 500m.
If they could swim.:highly_amused:
bargain hunter
09-05-18, 20:08
If they could swim.:highly_amused:
ah yes, 500m walk, 400m swim.
stalingrad
09-05-18, 20:42
ah yes, 500m walk, 400m swim.
I believe a bridge will be built across the canal. If so, 400m without getting their shirts wet.:highly_amused:
Most probably this line will extend to join haw par villa mrt next time to serve west coast community.
bargain hunter
09-05-18, 21:39
Most probably this line will extend to join haw par villa mrt next time to serve west coast community.
but we're looking at 2030 or even another further delay for that.
Strong take-up of Twin VEW apartments
May 7, 2018
CSC Land's West Coast Vale project fetches average price of $1,399 psf, with 85% snapped up
Annabeth Leow
CSC Land Group saw a "strong response" at the weekend launch of Twin VEW in West Coast Vale, the Chinese developer's head honcho has said.
Buyers snapped up 442 of the condominium's 520 apartments - including four of its six penthouses - for a take-up rate of 85 per cent.
They coughed up an average sales price of $1,399 per sq ft (psf) for the 99-year leasehold development, which is expected to be ready by the fourth quarter of 2021.
Just down the road, EL Development's Parc Riviera debuted at an average of $1,150 psf in late 2016.
CSC Land chairman Li Xiao Qian said in a media statement: "We are very encouraged by the strong response this weekend...
"From this weekend's sales figures alone, all unit types have been very well received, demonstrating the diversity offered by Twin VEW. We are confident that this momentum will continue."
Two 36-storey towers will house one-to four-bedders from 484 sq ft to 1,518 sq ft, as well as the penthouses. Indicative prices started at $650,000 for a one-bedroom apartment.
Promotional materials have also advertised two shops and a childcare centre on site, along with "sky terraces" and other amenities such as swimming pools and a gym.
Twin VEW is the maiden residential project from CSC Land. Its parent, construction juggernaut China Construction (South Pacific) Development, paid $592 psf per plot ratio (ppr) for the site in a nine-way fight last year.
Most of the home buyers at Twin VEW's launch were Singapore citizens and permanent residents, with nine units bagged by foreign nationals from China, Indonesia and Europe.
ERA property agent Jason Chen, who said he has sold two one-bedroom units, noted the project's proximity to both the Jurong Lake District and the planned Kuala Lumpur-Singapore high-speed rail's terminus.
"One other selling point is that an adjacent land parcel was bought by City Developments Ltd (CDL) for about $200 higher" on a unit basis, Mr Chen added.
CDL paid $800 psf ppr for a West Coast Vale site at a state tender in January. CSC Land was the runner-up in that auction.
Mr Nicholas Mak, ZACD Group's research head, said at the time that CDL "would need to launch the residential units at above $1,400 psf to make decent profit".
Mr Chen said the higher price tag for the recent parcel might have induced bargain hunters to snap up Twin VEW units while they could.
Industry watchers are expecting at least 12,000 new private homes to be sold islandwide this year, excluding executive condominiums - up on the 10,566 units moved last year.
Ms Tricia Song, the Singapore research head for Colliers International, last month said stronger new launch prices have "continued to affirm the resilience in mass market residential segment".
bargain hunter
25-05-18, 15:53
454 units sold at a weighted average price of 1380psf.
stalingrad
25-05-18, 21:25
454 units sold at a weighted average price of 1380psf.
Then, units at Botannia and Carabelle should be going for at least $1,450 psf. These condos are virtually free hold and have low density.
bargain hunter
25-05-18, 23:26
Then, units at Botannia and Carabelle should be going for at least $1,450 psf. These condos are virtually free hold and have low density.
'live' prices at botannia are at 12xxpsf (those facing future cdl project) and 13xxpsf for some other units. so there has been some positive impact for sure.
Then, units at Botannia and Carabelle should be going for at least $1,450 psf. These condos are virtually free hold and have low density.
You forgot to price in a premium for newness.
stalingrad
26-05-18, 08:22
You forgot to price in a premium for newness.
I did. If Botannia and Carabelle were new, they would be going for $1600 psf. And since these projects are only 8 years old, they deserve only a 10% discount for not being brand new.
Another consideration is total quantum rather than psf.
I believe those two mentioned (Carabelle is 999 LH), the base price will be over 1.5mil based on their sizes. They may be good buys for longer term investment but not sexy enough because of quantum.
stalingrad
26-05-18, 21:11
Another consideration is total quantum rather than psf.
I believe those two mentioned (Carabelle is 999 LH), the base price will be over 1.5mil based on their sizes. They may be good buys for longer term investment but not sexy enough because of quantum.
999LH is not FH. Technically, you are right. But economically speaking, you are wrong.
Second, Carabelle is not a warren for mickey mouse condos. That means residents of a higher social class.
999LH is not FH. Technically, you are right. But economically speaking, you are wrong.
Second, Carabelle is not a warren for mickey mouse condos. That means residents of a higher social class.
In this vicinity there are also 15-20 year old LH99 properties going for around 900-1000 psf. Maybe buyers are generally willing to pay 200psf more for FH or LH999 tenure.
bargain hunter
17-08-18, 20:40
i didn't notice the record psf for this project is > 1700psf lol.
TWIN VEW WEST COAST VALE Apartment 05 OCR 99 yrs lease commencing from 2017 New Sale 1 $836,000 - 484sq ft Strata 31 to 35 1,726psf May-18
but this record quantum set AFTER the cooling measures is simply mind-blowing:
TWIN VEW WEST COAST VALE Apartment 05 OCR 99 years leasehold New Sale 1 $3,278,000 - 2,088sq ft Strata 36 to 40 1,570psf Aug-18
the 2088sq ft includes some airspace i think.
i didn't notice the record psf for this project is > 1700psf lol.
TWIN VEW WEST COAST VALE Apartment 05 OCR 99 yrs lease commencing from 2017 New Sale 1 $836,000 - 484sq ft Strata 31 to 35 1,726psf May-18
but this record quantum set AFTER the cooling measures is simply mind-blowing:
TWIN VEW WEST COAST VALE Apartment 05 OCR 99 years leasehold New Sale 1 $3,278,000 - 2,088sq ft Strata 36 to 40 1,570psf Aug-18
the 2088sq ft includes some airspace i think.
But it is still a leasehold...
In the west coast area, maybe you want to consider the Parc Condo, Freehold. It is the only condo nearest to the Clementi MRT.
bargain hunter
29-08-18, 12:25
But it is still a leasehold...
In the west coast area, maybe you want to consider the Parc Condo, Freehold. It is the only condo nearest to the Clementi MRT.
yup, i was just updating the data on this thread that's all. :)
midnightclub2
20-10-18, 15:01
Twin Vew buyers who FOMO prepare to get rekt. Whistler grand (nearby) selling cheaper yo
bargain hunter
31-10-18, 13:40
the average price based on the 454 caveats is 1382psf. Whistler Grand's launch announcement is 1380psf. However, the units are smaller which makes the quantum more affordable. agents would emphasise that this project will be one of the last with small units/small unit sizes in the west coast. twin vew land cost 500+psf. Whistler Grand's land cost 800psf. what the cooling measures has done is taken the bulk of developer profits to give to buyers. prices would have been at least 100psf more if not for the measures.
Powered by vBulletin® Version 4.2.2 Copyright © 2024 vBulletin Solutions, Inc. All rights reserved.