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Thread: The Cape by FEO breaking psf in D15

  1. #1
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    Default The Cape by FEO breaking psf in D15

    Received a SMS from FEO, they are launching this FH project next to SilverSea with expected asking price ~$2000psf. That makes Seaview and other surrounding properties look cheap. I believe the takeup rate should be high as FEO projects are doing very well so far.
    Last edited by TOP; 09-01-11 at 17:00.

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    Quote Originally Posted by TOP
    Received a SMS from FEO, they are launching this FH project next to SilverSea with expected asking price ~$2000psf. That makes Seaview and other surrounding properties look cheap. I believe the takeup rate should be high as FEO projects are doing very well so far.
    another FEO project setting for record prices.... wonder if people are going to be stupid enough to buy.... which FEO has been successful.

    Just remember Bishan 8. launched and sold at record 1k psf in the mid 90s. (by guess who...) The current prices hasn't caught up yet.

    At least Cape is FH, price will eventually catch up. Bishan 8 may not be that lucky and age and 99yrs running out....

  3. #3
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    what an interesting historical parallel, are we reaching there soon?

    2000 psf in that area.... it's nice and sea facing but that's still a bit too much considering that it's quite a high dense area?

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    I think it is time the media interviews all these goons and ask them what motivation they have to pay these ridiculous prices

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    the logic seems to be .... seaview or one amber also 1400-1600 psf, silversea can't go wrong with the super seaview, good quality finish and iconic landmark, so now they are like asking 1800-1900psf. was told that silversea is a bargain since The Cape is going to push the price in the area further!

    they may need to add conceirge service (can't even spell the word), free pickup from airport .. etc and whole lots of value added to complete the 2000psf story

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    silversea is 99yr LH and facing highway too.... Cape too small to command that kind of premium.

    Will go for sea view, any time

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    Quote Originally Posted by sh
    silversea is 99yr LH and facing highway too.... Cape too small to command that kind of premium.

    Will go for sea view, any time
    Actually I found out that the smaller units (1 bedders, 2 bedders) in silversea are facing Sea View condo (not 'sea view' as in the view of the sea). If that is the case, Sea View is definitely much much nicer and more worth the price. $1,800psf for a condo at that little plot of land is not worth it. Sea View is so huge and also freehold. Much better location.

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    To justify $2000 psf, the Cape comes with:

    76 units, 16 storeys, 4 LIFTS SERVICE!
    76 car park lots on 1st level AND EXTRA 2 BASEMENT CARPARKs! Meaning every unit can own 3 cars each? This is rare

    I am sure Seaview owners can't wait to see the successful launch 0f their neighbour. They will change their asking from S$1400psf to S$1800psf

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    This is kind of ridiculous justification.... well at least for 2000psf. who's going to buy that argument?

    Shall be watching the take-up rate with keen interest.

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    Quote Originally Posted by TOP
    To justify $2000 psf, the Cape comes with:

    76 units, 16 storeys, 4 LIFTS SERVICE!
    76 car park lots on 1st level AND EXTRA 2 BASEMENT CARPARKs! Meaning every unit can own 3 cars each? This is rare

    I am sure Seaview owners can't wait to see the successful launch 0f their neighbour. They will change their asking from S$1400psf to S$1800psf
    I feel that Sea View has been under-noticed recently because of the upcoming developments but once all are built up, people will notice Sea View's well-maintained estate and its upmarket lobbies and build quality trump the projects around that area.

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    Quote Originally Posted by reuters
    I feel that Sea View has been under-noticed recently because of the upcoming developments but once all are built up, people will notice Sea View's well-maintained estate and its upmarket lobbies and build quality trump the projects around that area.
    Well, The Seaview is a great project to stay in. However, there are also good and lousy units in this project.

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    feo stategy is:-
    1st - sell silversea at record price (with many unsold units). some bite some stay one side
    2nd - bid the surronding land and sell another record price higher than silversea. this will make silversea attractive. buyer will bite silversea.

    the cycle go on and on.......one pricier after another. feo need not achieve 100%, they adopt sell less earn more strategy. as long they can sell until breakeven, any extra unit sold will be their bottom line

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    Quote Originally Posted by ay123
    feo stategy is:-
    1st - sell silversea at record price (with many unsold units). some bite some stay one side
    2nd - bid the surronding land and sell another record price higher than silversea. this will make silversea attractive. buyer will bite silversea.

    the cycle go on and on.......one pricier after another. feo need not achieve 100%, they adopt sell less earn more strategy. as long they can sell until breakeven, any extra unit sold will be their bottom line
    is there a new law that says they have to sell all ??

    i know FEO over the years have kept alot of unsold units for rent ...

  14. #14
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    Quote Originally Posted by proud owner
    is there a new law that says they have to sell all ??

    i know FEO over the years have kept alot of unsold units for rent ...
    they r not foreign coy

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    Quote Originally Posted by devilplate
    they r not foreign coy
    IC so it applies to foreign coy only


    FEO very smart ... if they enbloc themselves ...their land at watten also can build and sell alot alot ..


    eveytime price drop ..or theres anyone selling cheap ( landed ) at watten ..they will buy ...

    i tell you soon the entire watten est will belong to their family

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    Quote Originally Posted by proud owner
    IC so it applies to foreign coy only


    FEO very smart ... if they enbloc themselves ...their land at watten also can build and sell alot alot ..


    eveytime price drop ..or theres anyone selling cheap ( landed ) at watten ..they will buy ...

    i tell you soon the entire watten est will belong to their family
    this is how they accumulate USD6b wealth as long they don let their feo cycle stop.......

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    Quote Originally Posted by ay123
    this is how they accumulate USD6b wealth as long they don let their feo cycle stop.......
    garmen soon have to kow tow to them.

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    Quote Originally Posted by patricia
    garmen soon have to kow tow to them.
    thats why they are not listed .. NO one can speculate on them .. but themselves

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    Pro targeting the Indian and PRC crowd. Look at the the way FEO non-stop marketing of Silversea on SQ Krisworld. The Indians are quite prepared to pay a premium for East Coast. Concierge also comes with ridiculous monthly maintenance sometimes.

  20. #20
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    Quote Originally Posted by reuters
    Actually I found out that the smaller units (1 bedders, 2 bedders) in silversea are facing Sea View condo (not 'sea view' as in the view of the sea). If that is the case, Sea View is definitely much much nicer and more worth the price. $1,800psf for a condo at that little plot of land is not worth it. Sea View is so huge and also freehold. Much better location.
    All units will have sea view, some of them the Seaview... get it, get it?

    Actually, there a piece of land between silversea and sea view. The non sea facing units will be facing something a lot closer that the seaview in the future.

    There's no reason to buy silversea other than the sea view (which comes with highway noise). There's absolutely no reason to buy the non sea facing units at that kind of price, LH somemore.

  21. #21
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    So far everyone has responded negatively to this project... Anyone in this forum bullish about it???

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    Quote Originally Posted by art10626
    So far everyone has responded negatively to this project... Anyone in this forum bullish about it???
    can't say anymore until the design and pricing is revealed.

  23. #23
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    once again, FEO with their landmark asking psf.

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    FEO recently won the bid for Paramount Hotel also at Marine Parade site. They ARE aggressive!!! Now they have a hotel, a boutique condo (Cape), Silversea and Shore Residences, all around the same area. Can't anyone smell a rat??? Could be some new developments around that area.

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    None of them are selling particularly well. Maybe FEO trying to use ridiculous pricing at The Cape to move units at Silversea, The Sound etc?

    Quote Originally Posted by reuters
    FEO recently won the bid for Paramount Hotel also at Marine Parade site. They ARE aggressive!!! Now they have a hotel, a boutique condo (Cape), Silversea and Shore Residences, all around the same area. Can't anyone smell a rat??? Could be some new developments around that area.

  26. #26
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    Quote Originally Posted by reuters
    FEO recently won the bid for Paramount Hotel also at Marine Parade site. They ARE aggressive!!! Now they have a hotel, a boutique condo (Cape), Silversea and Shore Residences, all around the same area. Can't anyone smell a rat??? Could be some new developments around that area.
    FEO everywhr got stake

  27. #27
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    you mean a tiny project like the sound still not sold out? tennery beat their D15 projects by a big margin. FEO setting historical highs in every location, macham like spoiling the market.


    Quote Originally Posted by Wild Falcon
    None of them are selling particularly well. Maybe FEO trying to use ridiculous pricing at The Cape to move units at Silversea, The Sound etc?

  28. #28
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    Quote Originally Posted by Regulators
    you mean a tiny project like the sound still not sold out? tennery beat their D15 projects by a big margin. FEO setting historical highs in every location, macham like spoiling the market.
    bcoz The Sound is selling at UnSound prices.....i am actually very surprised they can sell so many units oredi....

    a 1bedder almost a mil....its actually telok kurau area with east coast road address leh....haha

    541 East Coast Road #05-09
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  29. #29
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    plus the land banker of sound is FEO and not the govt.

  30. #30
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    paying that kind of price for TK is ridiculous
    Quote Originally Posted by devilplate
    bcoz The Sound is selling at UnSound prices.....i am actually very surprised they can sell so many units oredi....

    a 1bedder almost a mil....its actually telok kurau area with east coast road address leh....haha

    541 East Coast Road #05-09
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