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The Sea View (D15, Freehold, Wheelock Properties)
US April housing starts rise best since Jan 2006
WASHINGTON - Construction starts on new US homes rose by a surprisingly strong 8.2 per cent in April and applications for new building permits turned up for the first time in five months, the Commerce Department said on Friday in a report showing the hard-hit housing sector still had some spring vigor.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
All the talking down of the property market is not true as I get 4 calls a day from property agents and it starts from $1300 for Sea View.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
The condo looks packed. It makes the look looks crowding.
The road location to the condo seems congested. The road leading into Amber road maybe congested in the months when the units are TOP.
In addtion the traffic maybe slow when going into the condo and when passing through to parkway parade.
The small round-about circus may have to demolished and turn into a traffic light junction. A new condo on the former Amberville is also there.
The price is not sustain..
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by WEst apple
The condo looks packed. It makes the look looks crowding.
The road location to the condo seems congested. The road leading into Amber road maybe congested in the months when the units are TOP.
In addtion the traffic maybe slow when going into the condo and when passing through to parkway parade.
The small round-about circus may have to demolished and turn into a traffic light junction. A new condo on the former Amberville is also there.
The price is not sustain..
That's how its going to be if you want 6.5 million population...........
All condos are crowded and some are worse off if the land size is small.
In the case of SEAVIEW, the land is huge and well spaced out, unlike some newer developments where one could "shake the neighbour''s hand" across the blocks or "easily see what the neighbour is having for lunch in the dining room".
Suggest you take a good look once again at The SeaView and you will realise that its the best among all the new condos in Amber - Marine Parade road.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by 1registered
That's how its going to be if you want 6.5 million population...........
All condos are crowded and some are worse off if the land size is small.
In the case of SEAVIEW, the land is huge and well spaced out, unlike some newer developments where one could "shake the neighbour''s hand" across the blocks or "easily see what the neighbour is having for lunch in the dining room".
Suggest you take a good look once again at The SeaView and you will realise that its the best among all the new condos in Amber - Marine Parade road.
correct me if i am wrong
but most of the units facing the pool actually face each other,
although not in extreme proximity as you say, but i reckon you can get a pretty good look at what your neighbours across are doing on the balcony
and/or inside the living/dining area.
so unless you do not mind that, then you would probably buy a unit facing the direction of the sea, though not necessarily having much sea view, because of the cote d'azur across the road and the other due to be built very soon next to it on ex-amberville grounds
on the other side (rose garden site) you will probably have to contend with the noise and dust etc during construction of new condo and probably in close proximity as well if not closer than those units facing each other across the pool area.
so which part of The Seaview do you deem to be 'best' as opposed to real sea facing condos both around amber and marine parade areas?
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Re: The Sea View (D15, Freehold, Wheelock Properties)
I used to be a firm believer that if an apt has nice sea views, the price would appreicate or hold. Not any more.
I live in an apt with one of the nicest sea views in the east. This is not just my opinion. Anyone and everyone who has stepped into my apt is simply awed by the views.
But the price has dropped, and dropped quite a fair bit. Because unfortunately the whole project is not a very good one. Hint - its in district 16 and I get unparelled 360 degrees view of the sea.
So while sea views are important, one must also take into account other factors like freehold/leasehold, quality, location, facilities, etc. YOu can also check out the other condos in district 15 with unblocked sea views and I can tell you that most home buyers will not wanna buy (eg cote).
In the case of the SEAVIEW, it is true that you probably wont get much of a seaview. But the quality, the landsize and the location are superb. The Wheelock name carries a lot of prestige and weight.
At the end of the day, it is whether or not you think the price will hold or appreciate. I think the Seaview will do well in this regard.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
[QUOTE=Unregistered123]I used to be a firm believer that if an apt has nice sea views, the price would appreicate or hold. Not any more.
I live in an apt with one of the nicest sea views in the east. This is not just my opinion. Anyone and everyone who has stepped into my apt is simply awed by the views.
But the price has dropped, and dropped quite a fair bit. Because unfortunately the whole project is not a very good one. Hint - its in district 16 and I get unparelled 360 degrees view of the sea.
QUOTE]
really sorry about that but i believe you are referring to costa del sol?
i reckoned costa del sol was overpriced to begin with when it was launched
so you cannot say that it has not appreciated, but it was
unfortunate that li ka shing had immense holding power and that he
refused to let his properties be sold below $1000 psf back in 2002 was it?
i went to see the project as well but was unimpressed by the small layouts and lack of balconies for alot of the units. Subsequently they lowered selling prices to around $700 psf if memory serves me right so it is inevitable that you will suffer a loss.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
No, I did not suffer a loss. My point is that even with great unrivaled seaviews, the prices did not hold. Same for the other projects with sea views. My point is that great views per se do not equal good buys. Must also look at quality, layout, facilities, freehold/leasehold, etc.
I reckon that the Sea View, even without the views, will hold its price. Wheelock has done a fantastic job there.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
What's the possible lowest price for the Sea View? some is asking 900psf already... worthy to wait?
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Re: The Sea View (D15, Freehold, Wheelock Properties)
All depends on the unit mate, if it is a good one go for it.....
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Try knocking on the doors in Seaview condo at 900 psf.I think they will knife you .:cheers6:
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Recovery hopes fading for Singapore
developers
By Daryl Loo
SINGAPORE, May 21 (Reuters) - Hopes that a slowdown in Singapore's
property market is temporary are fading as an uncertain economic
outlook
and a looming housing glut threaten to plunge the sector into a
prolonged
downturn.
Homebuilders such as CapitaLand <CATL.SI>, Keppel Land <KLAN.SI> and
GuocoLand <GUOC.SI> have delayed launching new projects in the moribund
market, taking a hit to first-quarter earnings as they hoped for a
rebound
later this year.
Prospects could be dented further in coming months if smaller
developers
face financing troubles and have to unload properties at massive
discounts.
Some have gorged themselves on expensive land acquisitions over the
past
two years.
With home prices expected to fall 30 to 40 percent over the next
three
years, Singapore's developers could be badly hit and analysts may slash
their earnings estimates further.
"This is the start of a multi-year price correction. Private
residential
property prices could easily fall by up to 30 percent by 2010," said
Barclays Capital economist Leong Wai Ho.
Credit Suisse in a report this month saw rents and property prices
falling even more steeply by as much as 40 percent, and downgraded its
investment recommendation for the sector to "underweight".
Warning signs have been flashing as first quarter 2008 sales volumes
slumped to the lowest in five years and price growth slowed for two
straight quarters, with concerns about a global economic slowdown and
the
U.S. subprime mortgage crisis scaring off potential homebuyers.
Leong said an impending oversupply will worsen the problem, with
66,000
new homes expected to be completed over the next four years, against
forecast demand for 50,000 in the same period.
The three-month Singapore Interbank Offered Rate <SISGD3MD=> -- a
benchmark for mortgage loans -- has fallen to near record lows below
1.3
percent, but that may not be enough to revive buyers' flagging
confidence,
economists say.
"Negative real interest rates will be at best a cushion, rather than
a
boost to housing demand in the near term, although they could lift
property
demand if and when sentiment turns," said Citi analyst Kit Wei Zheng.
STEEP DISCOUNTS
"The worst is yet to come and price cuts are imminent, as the
holding
power of property players is weakening and speculative demand is
diminishing," said ABN AMRO analyst Fera Wirawan.
BNP Paribas has flagged high financial risks for small developers
including Bukit Sembawang <BSES.SI>, Low Keng Huat <LKH.SI>, and Lian
Beng
<LIBG.SI>, which have almost all their debts due within a year.
Even major builders such as Allgreen <AGRN.SI>, KepLand and
GuocoLand
could face difficulties after steep drops in profit in the last quarter
as
they launch fewer projects, analysts say.
Slower sales and rising costs could raise developers' gearing or
debt-to-equity ratio to dangerous levels above 70 percent, up from the
industry average of about 62 percent.
"We identify three developers, namely Allgreen, GuocoLand and Keppel
Land, that could face some pressures on cash flow," JPMorgan analyst
Christopher Gee said in a report, noting that gearing levels could be
pushed up to between 80 and 130 percent.
The risk of price falls has been heightened by property speculators
buying in recent years with little upfront cash, relying on a deferred
payment scheme. The government scrapped the scheme last October in a
bid to
cool down the sector.
Analysts expect speculators will dispose of about 700 units on the
cheap
this year, and another 2,000 next year, as the properties near
completion
and installments are due.
"Forced selling may become widespread next year as speculators with
weak
bargaining power may not be able to afford the installment payments,"
said
Wirawan.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
if the above news is true
then i suggest singapore will be left with nothing
Govt will not let it happen, if it happens, it will afffect singapore growth
too
so i have doubts that prices will fall
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by IUnregistered
What's the possible lowest price for the Sea View? some is asking 900psf already... worthy to wait?
Love laguna quote:
The cheapest now in the project is asking $1190, I think is stack 15...
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by Unregistered123
Love laguna quote:
The cheapest now in the project is asking $1190, I think is stack 15...
Well, there are many types of units at The SeaView, not only the size, but most important are the facing, eg BBQ, MP road, Rose Garden, morning / afternoon sun, children pool, playground, low/high floor etc.
I know of a group of 4 indians, bought at least 3 Type E units facing MP road, are trying to swap their units with better ones. Asking is around $1100. But would u buy? of course not, for own staying or even for rental and for sales subsequently, choice unit, even u pay a premium, is still worth it at the end of the day.
I saw a couple of units, high floor, but with pocket of seaview. Even those high floor with seaview, eventually, will be blocked by SilverSea. This is no value to have pocket seaview at all. It is simply not grand as compare with those with true seaview at the Meyer or Eastern coastal line, but of course, come with a high price of non-stop noise pollution.
SeaView is a great project, but I doubt it will go down much further. The current replacement cost is simply too high. U can see from the Breeze@Joo Chiat and next Silver Sea. All these projects indicate Seaview, with its top nod quality, is a place worth to stay or invest.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by Unregistered123
Love laguna quote:
The cheapest now in the project is asking $1190, I think is stack 15...
21/05/08 15 THE SEAVIEW
AMBER RD APT FH 1410
$1,080 $1,522,800
Mandate
90059630
13/05/08 15 THE SEAVIEW
AMBER RD APT FH 1410
$1,060 $1,494,600
SIM
90614489
just did a quick check and i found these 2 sellers ...
probably bad-facing units etc (i did not bother to call)
if the analysts in the above article i posted are right,
then prices could come lower, so no need to rush i think
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by unconvinced
21/05/08 15 THE SEAVIEW
AMBER RD APT FH 1410
$1,080 $1,522,800
Mandate
90059630
13/05/08 15 THE SEAVIEW
AMBER RD APT FH 1410
$1,060 $1,494,600
SIM
90614489
just did a quick check and i found these 2 sellers ...
probably bad-facing units etc (i did not bother to call)
if the analysts in the above article i posted are right,
then prices could come lower, so no need to rush i think
These above units are probably facing Rose Garden and at time of launch
developer sold at 700 psf - so even at 1060psf - its very high for such a
facing.
Early last year high floor units were sub-sold at price range 1K to 1080psf
and the developer cost for those high floor range approx 800-850psf max.
So which is a better deal ?
I suppose those units with poor facing must call for sub 1K in order to attract buyers.
High floor Units facing MP road - no doubt they get pocket seaviews but the
level of privacy is good vs units facing inside the development.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by SeaView Lover
Well, there are many types of units at The SeaView, not only the size, but most important are the facing, eg BBQ, MP road, Rose Garden, morning / afternoon sun, children pool, playground, low/high floor etc.
I know of a group of 4 indians, bought at least 3 Type E units facing MP road, are trying to swap their units with better ones. Asking is around $1100. But would u buy? of course not, for own staying or even for rental and for sales subsequently, choice unit, even u pay a premium, is still worth it at the end of the day.
I saw a couple of units, high floor, but with pocket of seaview. Even those high floor with seaview, eventually, will be blocked by SilverSea. This is no value to have pocket seaview at all. It is simply not grand as compare with those with true seaview at the Meyer or Eastern coastal line, but of course, come with a high price of non-stop noise pollution.
SeaView is a great project, but I doubt it will go down much further. The current replacement cost is simply too high. U can see from the Breeze@Joo Chiat and next Silver Sea. All these projects indicate Seaview, with its top nod quality, is a place worth to stay or invest.
My friend at the end of the day, every condo has its pros and cons and we cannot get everything. The same goes with life.
In meyer road, yes full seaview but noise from ecp and no amenities - mall, wet market, food ctr - BUT in amber road, amenities are all within walking distance.( Parkway Parade, food ctr, wet market and in 10yrs MRT line !! )
So its all personal likings - i would not trade Amber-MP road amenities with a Meyer rd View of the sea - its a choice which differs from each person.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Some agent quoted me 1410 unit low floor at $1015psf only @ stack 18, is it a good buy?
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by Unregistered123
Some agent quoted me 1410 unit low floor at $1015psf only @ stack 18, is it a good buy?
Go for it....come with Four Season PoolView & the unit no. is 18 better than 14. ...opportunity that can't be miss.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by Unregistered123
Some agent quoted me 1410 unit low floor at $1015psf only @ stack 18, is it a good buy?
Check out the layout of 1410sqft as in my view i personally did not like it
due to the wasted space used in the foyer entrance.
The Type E seems to be the best in terms of layout and space and room sizes.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by Unregistered123
Go for it....come with Four Season PoolView & the unit no. is 18 better than 14. ...opportunity that can't be miss.
but got strong afternoon sun... and the rooms, including the master bed room, are supper tiny! can't make up mind...
maybe wait to 1.2M???
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by UnregisteredMe
but got strong afternoon sun... and the rooms, including the master bed room, are supper tiny! can't make up mind...
maybe wait to 1.2M???
Blk 35 1st floor is changing room, will be noisy.
Blk 33 1st floor is the Gym Room, will be noisy also. Those who on the Gym room will have direct view on Blk 35 low floor unit. No privacy at all time.
Low floor unit will have privacy issue, if the unit you are interested is not on 2nd floor should be fine.
No point buy it cheap for poor facing unit & No privacy unit as you will have big big problem of selling it next time, or you will have to sell it below market price. That why low floor unit always sell with less premium discount and high floor unit always come with a premium.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by Unregistered123
Blk 35 1st floor is changing room, will be noisy.
Blk 33 1st floor is the Gym Room, will be noisy also. Those who on the Gym room will have direct view on Blk 35 low floor unit. No privacy at all time.
Low floor unit will have privacy issue, if the unit you are interested is not on 2nd floor should be fine.
No point buy it cheap for poor facing unit & No privacy unit as you will have big big problem of selling it next time, or you will have to sell it below market price. That why low floor unit always sell with less premium discount and high floor unit always come with a premium.
Take a look yourself between high floor and low floor. There was this couple concentrating on high floor, but after seeing low floor, changed their mind...
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Re: The Sea View (D15, Freehold, Wheelock Properties)
High or Low floor - depend on what level of privacy one needs.
Would you want all eyes in the pool to be staring at you while you laze
around in your balcony ?
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Just heard from my agent that latest transaction in Seaview is a whopping $1,450 psf for block 35 stack 14. Just done last week.
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by Unregistered123
Just heard from my agent that latest transaction in Seaview is a whopping $1,450 psf for block 35 stack 14. Just done last week.
any idea which unit
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Re: The Sea View (D15, Freehold, Wheelock Properties)
PRICE GONNA DROP FOR SURE. READ THE PAPER REPORTS. 1450 WOULD BE DOWN TO 750 SOON. ITS COMING..
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by BOW WOW
PRICE GONNA DROP FOR SURE. READ THE PAPER REPORTS. 1450 WOULD BE DOWN TO 750 SOON. ITS COMING..
'
Bow wow - need a bone to pick - or just sour grapes will do.....meow
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Re: The Sea View (D15, Freehold, Wheelock Properties)
Quote:
Originally Posted by Unregistered888
Take a look yourself between high floor and low floor. There was this couple concentrating on high floor, but after seeing low floor, changed their mind...
That is because some people like to buy cheap unit la.
Cheap unit will lost privacy & good view !!!
You will never get low floor unit more expensive than high floor unit.
Developer also price high floor unit more expensive than low floor unit. Low floor units is always available in most of the non-sold out project.