Riverparc EC in Punggol is selling for about $700 to $800psf.
As such, TROVE imo, at least $900psf and up...
Newbie
Riverparc EC in Punggol is selling for about $700 to $800psf.
As such, TROVE imo, at least $900psf and up...
Newbie
But riverparc meant for couples <$10k. now with the $12k ceiling things have changed unfortunately negatively for trove, as they will find demend moving shifting to EC, somemore woth 800+ units (no mm), they must really price to clear.
Originally Posted by terence
Senior
Published September 2, 2011
8 bids for condo plot at Punggol Field Walk
By UMA SHANKARI
A CONDOMINIUM housing plot at Punggol Field Walk drew a higher than expected eight bids at the close of the state tender yesterday.
But analysts said that despite the good participation, the bid amounts signal developers' caution.
The top bid of $169.6 million or $323 per square foot per plot ratio (psf ppr) for the 99-year leasehold site came from Capital Development and ZACD Investments. Both companies are owned by individual shareholders.
Bidding was tight and the top four bids were in close range, with a tender bid price gap of just 6 per cent between the top and fourth highest bids.
The tender for the site, which can yield about 550 units, was launched on June 29. Then, analysts estimated that the plot could fetch as much as $420 psf ppr.
The bid prices show future pricing of suburban condominiums is consolidating, said Li Hiaw Ho, executive director at CB Richard Ellis.
Added Chia Siew Chuin, Colliers International's director of research & advisory: 'The tender bids received reflect a more cautious market outlook and possibly some level of opportunistic bidding.'
Credo Real Estate executive director Ong Teck Hui said that two factors could have led to cautious bidding.
'The recent financial market turmoil has led to increased uncertainties,' he said.
'In addition, the Punggol, Sengkang and Upper Serangoon area is getting more crowded with some 2,600 units coming from several new projects... Some of these projects are near MRT stations and will provide stiff competition for buyers.'
Analysts also noted that the top bid of $323 psf ppr offered for this site is around 20 per cent lower than the top bid of $406 psf ppr achieved for a nearby residential plot at the corner of Punggol Central and Punggol Walk, which was sold to Sim Lian Group in December 2010.
Based on a land cost of $323 per sq ft ppr, units at the new site could breakeven at about $660-680 psf and sell at around $860-900 psf, Colliers' Ms Chia said.
Exalted
treasure within 300m to mrt and land sold at 406psf
whereas this one super far from mrt at 323psf with amazing 8bids! wow.....why developers r eyeing punggol!?!?!?!
looks like developer prefer punggol more den places like pasir ris(seastrand i tink only 3 bids with similar bid price)
Senior
Maybe because if priced right at around 800psf, low quantum and efficient design, even if ulu location, people will still buy. 8cy and boathouse are just 2 examples.
treasure within 300m to mrt and land sold at 406psf
whereas this one super far from mrt at 323psf with amazing 8bids! wow.....why developers r eyeing punggol!?!?!?!
looks like developer prefer punggol more den places like pasir ris(seastrand i tink only 3 bids with similar bid price)
Newbie
Sometimes felt these property analyst are just like shares broker/analyst who always paint a rosy picture n buyers n sometimes developers are tricked into this bubble...common, papers lately already warned of more than 55% tat Singapore will go into recession... Let's be rational n set a win win 800psf tat can do good to reduce the bubble
Senior
too bad, the developers of those 2 projects came in 2nd, bidding 4% less.
the winner are 2 companies who have individual shareholders. no track record. dunno what will come out of it.
Maybe because if priced right at around 800psf, low quantum and efficient design, even if ulu location, people will still buy. 8cy and boathouse are just 2 examples.
Newbie
i beg to differ. look at the size of the a/c ledge. and the large drying ledge is also calculated as part of the area. imagine having to pay for the space u hang your clothes2 bedroom layout not bad.
Senior
if it's not punggol, it's pasir ris, or bedok, or jurong, or bukit batok. there isn't that many vacant land in the better spots to sell anyway, so we end up with punggol land sales hitting headlines.treasure within 300m to mrt and land sold at 406psf
whereas this one super far from mrt at 323psf with amazing 8bids! wow.....why developers r eyeing punggol!?!?!?!
looks like developer prefer punggol more den places like pasir ris(seastrand i tink only 3 bids with similar bid price)
punggol's vast stretches of open land is getting built up pretty rapidly, and same goes for pasir ris.
Senior
What would be the selling price of Treasure Trove then?Published September 2, 2011
8 bids for condo plot at Punggol Field Walk
By UMA SHANKARI
A CONDOMINIUM housing plot at Punggol Field Walk drew a higher than expected eight bids at the close of the state tender yesterday.
But analysts said that despite the good participation, the bid amounts signal developers' caution.
The top bid of $169.6 million or $323 per square foot per plot ratio (psf ppr) for the 99-year leasehold site came from Capital Development and ZACD Investments. Both companies are owned by individual shareholders.
Bidding was tight and the top four bids were in close range, with a tender bid price gap of just 6 per cent between the top and fourth highest bids.
The tender for the site, which can yield about 550 units, was launched on June 29. Then, analysts estimated that the plot could fetch as much as $420 psf ppr.
The bid prices show future pricing of suburban condominiums is consolidating, said Li Hiaw Ho, executive director at CB Richard Ellis.
Added Chia Siew Chuin, Colliers International's director of research & advisory: 'The tender bids received reflect a more cautious market outlook and possibly some level of opportunistic bidding.'
Credo Real Estate executive director Ong Teck Hui said that two factors could have led to cautious bidding.
'The recent financial market turmoil has led to increased uncertainties,' he said.
'In addition, the Punggol, Sengkang and Upper Serangoon area is getting more crowded with some 2,600 units coming from several new projects... Some of these projects are near MRT stations and will provide stiff competition for buyers.'
Analysts also noted that the top bid of $323 psf ppr offered for this site is around 20 per cent lower than the top bid of $406 psf ppr achieved for a nearby residential plot at the corner of Punggol Central and Punggol Walk, which was sold to Sim Lian Group in December 2010.
Based on a land cost of $323 per sq ft ppr, units at the new site could breakeven at about $660-680 psf and sell at around $860-900 psf, Colliers' Ms Chia said.
Senior
At least $850 psf. Knowing Sim Lian who's aggressive in their prices, it should be nearer to $900 psf. Just my guess!What would be the selling price of Treasure Trove then?
Go for Smallest Unit
I think priced to sell....At least $850 psf. Knowing Sim Lian who's aggressive in their prices, it should be nearer to $900 psf. Just my guess!
can consider 2 bedders...
http://www.atreasuretrove.com.sg/
Senior
Thx for the link. Not bad... my guess is quite accurate. Its going for indicative price of $880psf. May go up if take up is overwhelming. May come down a bit if take up is super lousy!
Senior
I stand by my guess 2 bedders (my reference) well above 900 psfThx for the link. Not bad... my guess is quite accurate. Its going for indicative price of $880psf. May go up if take up is overwhelming. May come down a bit if take up is super lousy!
Newbie
From CNA forum-
http://forum.channelnewsasia.com/viewtopic.php?t=460584
Stench from Punggol beach ......
STOMPer Irene is frustrated with the smoke emitted from the refinery at Johor, as she says this causes serious air pollution.
Says the STOMPer:
"There is serious air pollution in Punngol due to the refinery at Johor.
"It is pollution, day and night, for us Punggol residents."
STOMP found that it is standard practice for refineries to release exhaust gases to protect pipes from over-pressurisation. This controlled burning of waste gases is known as 'flaring' and the resulting smoke is a mixture of water and carbon dioxide.
=================================================
This shocking sight greeted sabil when the STOMPer took a walk along the Ponggol Marina PCN (Park Connector Network). The STOMPer thinks more efforts need to go into keeping our beaches clean.
sabil shares:
"This sight and accompanying odour greeted us as we took a walk along the Ponggol Marina PCN (Park Connector Network) walkway.
"More needs to be done to keep our shorelines and waterways clean."
Senior
prices out in 10 hours for ATT.
Senior
I raised this issue ages ago. Yes, the stench is still around
Senior
You mean prices for ATT will be out today in the morning? So is the VVIP preview today also?
Newbie
Yes VVIP preview this afternoon, price will be out!!!
Senior
do keep us updated, whoever gets the info first.
Senior
I think prices out between 11am to noon today, but showflat only can view between 6pm to 10pm. Those who have site plan don't actually need to see the showflat model. The interior a bit cheapskate, using homogeneous tiles and usual parquet flooring
Senior
do let us know if u get the prices. keen to know if its indeed significantly lower than luxurie as was touted.
Emeritus Senior
will be cheaper for sure...however layout just as packed as Luxurie...
Newbie
It is lower than Luxurie for sure. pm me your mobile number if you are keen. i can let u know the pricing later.do let us know if u get the prices. keen to know if its indeed significantly lower than luxurie as was touted.
Senior
price is out, 2 bedroom can get below 700k.
Exalted
wats the psf?price is out, 2 bedroom can get below 700k.
Senior
prices of 775sf two bedr starting at $907psf for stacks released. $907psf units are on second floor, facing pool. Every floor increase by $4psf. The 2+1 starting at $896psf not very far from 2 bedr. Pricing not very attractive imo, what do you guys think?
Newbie
2 bedder stack 775sf
02 $703k
08 $727k
15 $756k
2 + study stack 915sf
02 $811k
08 $842k
15 $877k
3 bedder stack 1044sf
02 $935k
08 $967k
15 $1022k
3 + study stack 1206sf
02 $1021k
08 $1058k
15 $1100k
4 bedder stack 1335sf
02 $1133k
08 $1171k
15 $1213k
Senior
Got site map?
Senior
Wow! Really priced to sell, spoil market! haa haa
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