1BR - 5 units onlyOriginally Posted by Wild Falcon
2BR - 32 units only
nobody knows the psf?
1BR - 5 units onlyOriginally Posted by Wild Falcon
2BR - 32 units only
nobody knows the psf?
Heard about $2100 psf. All 1 & 2 Bedders fully sold. Left about 20-30 units.
Originally Posted by coolchoc
wow...... so it'll be abt $2.2mil for the 2BR...... like rivergate's price alrdyOriginally Posted by teddybear
3br abt 21xxpsf...very limited units left except stack 18 and 19
3br PES abt 2k+ psf
Most of the 4br shld still be avail....the overall quantum for 3br is abt 3.1x-3.5x mil if u are talking abt 3br(including the PES units)
~The psf exceeded my personal expectations .
~The last 3 units by developer of Ferrell Residences will be a slightly better buy then in my personal opinion given that it is high-rise (better views) & in terms of psf is though comparable with The Glyndenbourne & higher quantum but bigger size n nearer to Stevens MRT.
not all prime launches r well received...tat CES goto sell at bulk discount....but this one gd gd response
still a quantum game mah. the smallest CES unit is a 3 bedroom of 2000+ sq ft so still costs 4m+ each at the discounted 19xxpsf leh. this one 3 bedders cost 3m+ mah so more "affordable" as u can see, 4 bedrooms still widely available coz cost 4m+.
Originally Posted by devilplate
u very calculativeOriginally Posted by bargain hunter
gd point there...so threshold limit is 3mio now?
last time i mentioned before rite. 3m is the barrier. now apparently not lor, since supposedly the 3 bedders here at 3 to 3.5m seems to be snapped up. so new barrier is 3.5m.
not calculative, but i always like to point out that cannot juz look at psf. MM psf really the sky is the limit mah. shrink MM to 300 sq ft, above 3000psf also affordable. on the other hand, in CCR, 2007 sold big unit projects consisting of mainly BIG 3 and 4 bedders, even below 2000psf also not many can afford. need to look at and hope to get a good mix of both psf and quantum to be comfortable.
Originally Posted by devilplate
so whr is the hot monies?? lolOriginally Posted by bargain hunter
cant imagine if govt further reduce the ltv to 60%...threshold becomes 2.5-3mio and den D9,10,11 all start to have smaller 'luxurious' units and those big big units launched in 07 will suffers from 'functional obsolence'?
many categories of hot money. as u can see, there are the 3 to 3.5m hot monies here too. but a lot prefer the 1, 1+study, 2 bedders at other launches. see how spottiswoode also become whole project like this? so there is buying demand for 1 and 2 bedders using hot money at the moment.
hk reduced ltv to 60% for apts > 1000sq ft ie luxurious apts liao rite?
sg i doubt it will happen since the hot money is targeting the 1 to 2m units.
actually its good that there is a mix of choices isn't it. but a bit too extreme lor. either super big or super small. can't these pple moderate their designs? always aim for max profit these developers, that's why come out with such extreme designs.
Originally Posted by devilplate
Between super small and super big? That's HDB lor....Originally Posted by bargain hunter
As mentioned in some other treads... Why upgrade from a HDB unit to a smaller private unit? So people buy MM for investment or their kids if they have limited funds OR large "luxurious" units for upgrading if they can afford it.
which i agree. but i always wonder why developers can't build units which are similar in size to hdb these days. more comfortable to upgrade to.
Originally Posted by sh
as u said, it will hurt their profit margin...Originally Posted by bargain hunter
i begin to like fragrance MMs' layout (not project itself) and FEO's 2/3bedder layout....the rest simply cut throat....fraser ctrpt not too bad...still ok
although FEO pricing always the most horrible but their layout is da best and worth every cent u paid for...
Why don't buy Trevose Park down the road at half price? Also FH. Or equatorial at $1500psfOriginally Posted by teddybear
New Mah and reputable Developer!
What should be the premium for new projects vs resale in the same area?Originally Posted by DC33_2008
I don't see any premium between Ardmore Park (15years old) and Ardmore 2 (just TOP)
There are many factors:-Originally Posted by andy
1) FH or LH. If LH, obviously, the older, the less time left.
2) Age difference
3) Design, if the older development looks dated
4) Level of maintenance of the older property.
But generally I find such a huge difference between new and relatively new developments, that buying a new development doesn't make sense.... especially for a long term investor. All projects become old at some point.
Should there be a price difference between a 20 and 25 yr old property?
By Channel NewsAsia, Updated: 01/11/2010
75% of units at The Glyndebourne snapped up over weekend
75% of units at The Glyndebourne snapped up over weekend
@import url( http://sgstc.msn.com/br/csl/css/3874.../fbutility.css );/*/*
artist's impression
SINGAPORE : A 150—unit freehold condominium, The Glyndebourne, met with good response over the weekend’s private preview.
City Developments (CDL) said in a statement that 75 per cent, or 112 units, of the development have been sold over the weekend.
The selling price ranged from S$1,900 to S$2,350 per square foot, giving an average price of about S$2,100 per square foot.
The development, which comprises eight towers of 5—storey residential apartments, is situated in District 11 on the site where the Copthorne Orchid Hotel Singapore currently stands on.
The site has an area of 180,000 square feet and is a mere 5—minute drive from the Orchard Road shopping belt, said CDL. It is also within walking distance to the upcoming Botanic Gardens and Stevens Road MRT Stations, which are scheduled for completion in 2015.
CDL’s group general manager, Chia Ngiang Hong, said: "Based on feedback from our buyers, the development’s excellent location and easy access to amenities is a key draw.
"Its freehold status, sizable plot of land and the array of well appointed, quality apartments with various sizes to cater to the differing needs of our clients are also plus points."
He added that "The Glyndebourne offers exceptional value for a prime property in District 11".
All 1—bedroom plus study, 2—bedroom and 3—bedroom plus study units have been snapped up. Ten out of the 23 penthouses have also been sold.
CDL said 70 per cent of the buyers are Singaporeans, with the remaining 30 per cent taken up by permanent residents and foreigners from Malaysia, US, Indonesia, China, India, Myanmar, Korea, Thailand, Taiwan and Brunei.
— CNA/al
overly priced project as usual
What cooling measures man! 75% of the entire project sold over the weekend at such high price. Looks like there are still many cash rich people out there. Will govt put in place more draconian measures after this
not so soon. but if buying persists too strongly then govt will likely announce more measures. but total oct sales should be well above 1000 units. maybe 1400+?!?!?!?!?!
Originally Posted by wesing
How to put in when these happen in CCR? Want to hit OCR as well? From now on, OCR launches will slow and CCR will pick up. (Developers already said that?).
Originally Posted by wesing
My guess is that Spottiewoode VIP preview this friday will have similar results and followed by Robinson S.
With the election coming, I think the government will introduce more measure. One reason is the QE2 and at the same time can say we fight for the wellfare of the majority ( middle income) and hence get support from most of eligible voters. Be careful!!Originally Posted by wesing
wah 1400?!Originally Posted by bargain hunter
depend on how many sellable big projects gona launch this mth....resale still slow and subsale is almost dead
that's what's worrying. even though resale and subsale low vol, big new sales no. could cause govt to worry about overheating again.
although the no. i anyhow humtum one, not difficult to achieve actually.
the major projects launched in oct: Esparina, Canopy, Lanai, Suites at orchard and this project. did i miss out any? not to forget the 100+ already launched big and small projects which could contribute quite a large number.
even last month after measures also managed 911 units leh.
Originally Posted by devilplate
Don't worry. Government not keen to control CCR. All the measures so far are targeted at mass market and HDB. Why would the Government control foreign funds from coming into Singapore? They welcome with both arms open. Anyway, the measures have impacted only the lower end, meaning HDB and mass market. The higher end is still hot.
u mean the higher end is getting hot? it nvr been hot since last yr lor...heheOriginally Posted by Squall8888
projects like Icon considered wat 'end'? mid-high?
the high end hot? the high end market has not moved since 2007, while low end and HDB have almost doubled.Originally Posted by Squall8888
The Glyndebourne would have been sold at higher prices in 2007.
Start guessing liao huh ... another two weeks to count down ..Originally Posted by bargain hunter