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Thread: Carissa Park (D17, Freehold, Tripartite<Hong Leong>)

  1. #1
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    Default Carissa Park (D17, Freehold, Tripartite<Hong Leong>)

    Analysts’ views on prices of non-landed private homes in suburban areas

    Posted by luxuryasiahome on April 1, 2011 · Leave a Comment


    Prices of non-landed private homes in suburban areas have picked up the fastest in the first quarter this year.
    Flash estimates from the Urban Redevelopment Authority (URA) showed that price increases in suburban homes beat the overall private property price index, which rose 2.1 per cent to 198.8 points in the quarter.
    Analysts said that suburban condominiums may continue to see price increases of around 2 per cent in the coming quarters.
    Buying a suburban private home might still be more expensive.
    Analysts said the demand in that region is much more resilient than they have anticipated, leading to strong price growth.
    Property prices in the suburban areas were up by 3.1 per cent in the first quarter, compared to the 2.1 per cent rise in the fourth quarter of last year.
    This is followed by prices in the city fringe areas which grew 2.2 per cent.
    And in comparison, the prime city areas only edged up 0.9 per cent.
    Colin Tan, head of research and consultancy at Chesterton Suntec International, said: “The fact that the suburban market probably is the most affordable for the moment, also for the fact that I think it represents that people still have this upgrading dream, there is still a lot of demand. And possibly one effect is we have also seen apartments going progressively smaller and that could in a sense raise prices on a per square foot basis. “
    Analysts said the launch of fewer high-end projects in the prime areas for the quarter also contributed to its weaker price increase.
    They also said that the suburban region might be more of a developers’ market.
    They explained that looking at the NUS Singapore Residential Price Index (SRPI), which tracks the resale market, private homes prices for the non-central region dipped by 1.5 per cent in February on-month, after a 2.8 per cent appreciation in January.
    While it is still early stages, analysts said that this suggest the growth in the suburban or non-central region is likely being propped up by high launch prices set by developers.
    Looking ahead, they add that new cooling measures are unlikely as the government is taking a wait-and-see approach for now.
    Donald Han, vice chairman of Cushman & Wakefield, said: “In the last three months of the first quarter, we saw a lot of big events that affect the Singapore market and the global market as well, with the uncertainty that is happening in Japan and in the Middle East.
    “The true effect on the property market will probably be felt only in the second quarter…so I think the government will not be too hasty in wanting to introduce any more measures.”
    Overall, observers said the slower price growth shows that previous cooling measures have kept a lid on rising home prices in the private sector.
    And having moderated for six straight quarters, analysts believe that home prices here are in for a soft landing.
    URA also said that there was a total supply of 65,699 uncompleted units from private housing projects in the pipeline.
    Of these, 33,000 units were still unsold.
    This supply also does not take into account new sites that were recently sold or will be made available for development through the Government Land Sales programme.
    Source : Channel NewsAsia – 1 Apr 2011

  2. #2
    Junior

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    With Hedges Park's LH99 pre-booking activites going-on now, before its launch in (was told) 2 to 3 weeks time, and the number of activities between agents and buyer/investors, looks like its a benchmarketing exercise for the development to decide finally which portion will be initial phase launch and at how much $psf. At the moment, its said to be around/about $831psf.

    With this $psf for Hedges, and the Pasir Ris side's LH99 project $psf also going up, there must be some good buys around at the Flora area's FH projects A to F (Gale, being the last FH is still building, when this TOP initial buyes will all be laughing like anything!). There must be further upside for these FH projects i think.

    What do you bro/sis think about Carissa Park? have been checking around and still overall like this one better. Juz check that most recent listing on web for 3+1 are now asking for 1.1 to 1.2mil now! More upside in the next 2 to 3 years?

  3. #3
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    Quote Originally Posted by latour
    With Hedges Park's LH99 pre-booking activites going-on now, before its launch in (was told) 2 to 3 weeks time, and the number of activities between agents and buyer/investors, looks like its a benchmarketing exercise for the development to decide finally which portion will be initial phase launch and at how much $psf. At the moment, its said to be around/about $831psf.

    With this $psf for Hedges, and the Pasir Ris side's LH99 project $psf also going up, there must be some good buys around at the Flora area's FH projects A to F (Gale, being the last FH is still building, when this TOP initial buyes will all be laughing like anything!). There must be further upside for these FH projects i think.

    What do you bro/sis think about Carissa Park? have been checking around and still overall like this one better. Juz check that most recent listing on web for 3+1 are now asking for 1.1 to 1.2mil now! More upside in the next 2 to 3 years?
    Its krazy price lah for the 3bedders.... just in 1st half of 2010 it was only transacting low 800k leh... For 3bedrms the best layout imo are those with 1324sqf...very bright with poolview in all the rooms + living room...dont get those facing west sun ya...else west sun in all the rooms + living room... lol ... If u dont like odd shapes then avoid 3bedders that are 1302sqf(Bedroom oddshape) or 1237(toilet very oddshape)...

    like most of the projects in flora drive/road.....prices now are at record levels...upside in the nxt 2 to 3yrs..its anyone's guess..i think the meat for most 3bedrms in carissa is off the table liao..

  4. #4
    Junior

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    The project layout is one of the most spacious, blocks are arranged in figure of 8 shape and it looks very resort style. Finding the 1324sqft units is not easy, I think most ppl hold on for own stay. These units also have one not so good point, as the two unit's main door is side by side.
    1302 sqft units are actually quite ok, corner unit with privacy - do agree that one of the room has a slightly angled wall, other then that it looks overall fine. Hall and Masterroom pool facing which is good.
    And the latest posting are 1.1mil to 1.2mil asking...!

  5. #5
    Junior

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    Hyper-inflation kicking in effect, a bowl of noodlesoup for $2 in the past will never return. 3 bedrooms in some of the A to F Freehold projects are asking/calling for $1.2mil and above liao... At least 5 or more units is from Carissa project.

    This is in anticipation of the 'H' condo effect - launch price $/psf of around $830 to $850 average (and its LH99), and of course in time to come the 'G' TOP. IMHO freehold projects in the Flora Road/Drive area for $850 to $900 /psf is still a good buy... before everthing chiong to above $1,000 /psf. And in fact some smaller unit 1bed/2bedroom are testing the $1k psf level liao...

  6. #6
    Junior

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    My goodness, Avila condo highest is $1221 psf, I think it's a studio small unit

  7. #7
    Junior

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    was looking at some info over the weekend, hard to find a sizeable 2 or 3 bedder in Carissa Park for less then a million now, listings are all indicating at least $800plus /psf to $1,100plus /psf...

  8. #8
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    Quote Originally Posted by latour
    was looking at some info over the weekend, hard to find a sizeable 2 or 3 bedder in Carissa Park for less then a million now, listings are all indicating at least $800plus /psf to $1,100plus /psf...
    This area used to be low psf, now it's different. I wonder why...

  9. #9
    Junior

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    Quote Originally Posted by Yin Yin
    This area used to be low psf, now it's different. I wonder why...
    Its the whole area in D17/D18 being the most happening now. If you look at the D15 and D16 thread its like dead...

    The Flora area, Pasir Ris (Livia area) and JLB (Seastrand) area seems to be the hot spot now. Nothing in the Flora FH area is less then $900 /psf, asking are nearing the $1k /psf. Pasir Ris (Livia area) asking for $900 /psf. JLB FH all asking $1k above /psf. And of Course those LH99 years in the Simei area are all nearing the $1k /psf... this seems to be latest boom town yah...

  10. #10
    Junior

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    oh my goodness, new high quantum for a 3 bedders done in June.. above $1mil now.

    CARISSA PARK CONDOMINIUM 1,025,000 1,302 Jun-11

  11. #11
    Junior

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    waw... another new $/psf for this project... cross the $1,000/psf mark, and all those similar size units are adv for at least around $1,1000/psf...

    CARISSA PARK CONDOMINIUM FLORA DRIVE $680,000 624 $1,089/psf Jul-11
    CARISSA PARK CONDOMINIUM FLORA DRIVE $1,150,000 1,324 $869/psf Jul-11

  12. #12
    Junior

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    Quote Originally Posted by Yin Yin
    This area used to be low psf, now it's different. I wonder why...
    Someone posted this on one of the thread, take a look and also make reference to the URA masterplan...

    "Some informative online videos on Flora property.
    Good to know.

    http://www.propertyguru.com.sg/real-estate-video/688
    http://www.propertyguru.com.sg/real-estate-video/689
    http://www.propertyguru.com.sg/real-estate-video/690 ..."

  13. #13
    Newbie

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    Many thanks.

  14. #14
    Junior

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    Looks like the resale price for condo is holding up very well, more advert posting for 3 bedr good size units of $1.2mio to $1.3mio already.

  15. #15
    东方

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    V near airport... Flight steward(esse)s and their sugar mum/dads like to buy here...

  16. #16
    Junior

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    Quote Originally Posted by mcmlxxvi
    V near airport... Flight steward(esse)s and their sugar mum/dads like to buy here...
    Really... interesting.

  17. #17
    Junior

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    D17 really Huat Ah! 4bedrooms, $1,136 /psf.

    http://www.propertyguru.com.sg/listi...ssa-park-condo

  18. #18
    Singapore = $ingapore

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    Quote Originally Posted by latour
    D17 really Huat Ah! 4bedrooms, $1,136 /psf.

    http://www.propertyguru.com.sg/listi...ssa-park-condo
    Most likely this unit is not the one with the double maid murder case.
    http://www.streetsine.com/static/research/ghastly.htm

  19. #19
    Junior

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    Quote Originally Posted by iwantgizmos
    Most likely this unit is not the one with the double maid murder case.
    http://www.streetsine.com/static/research/ghastly.htm
    Nope, not that unit.

  20. #20
    Junior

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    Did a search again yesterday and realise 1bedrm here are now asking $700+K, and 2bedrm asking $1mil already... these are freehold good size unit project. Resale transactions here are also quite good compare to some projects in the area. Still good for investment/own stay?

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