Parc Vera - New Riverfront Condo @ Hougang - Sim Lian Group

[ysyap]

Or fishing from balcony, just don't hit the cars on the road between water and condo.

[mcmlxxvi]

try searching for a non MM sized 2bdr at 700k

only parc vera and palette fits the bill.....LOL

i shd become agt!! u noe wat i gona tell my buyer? i will print out the tx at kovan grandeur as there is a 570sqft(MM 2bdr) subsold at 700k++

so parc vera being full condo and 710sqft with gd layout only selling for 6xxk!!!! ITS A STEAL!

...

When Parc Vera 710sf TOP it won't be 6xxK anymore la... compare apple to apple please...

[azeoprop]

Went to have a look just now. Very typical Sim Lian design except some unusual aspects:
-Some walls of the living room and bedroom are sunken in.
-Extra window at the passage way to the bedrooms and a side window at the dining area.
-4 bedroom unit got a small family area connecting to the back balcony.
-Some penthouses span 3 floors.
-Visual blocking fins for higher floor units.

Some pricing:
#05-15 2 bedroom 710sqft 644k 907psf
#13-03 2 bedroom 786sqft 714k 909psf

#04-12 2+study 872sqft 748k 858psf
#09-12 2+study 872sqft 770k 883psf

[DC33_2008]

Which facing?

Went to have a look just now. Very typical Sim Lian design except some unusual aspects:
-Some walls of the living room and bedroom are sunken in.
-Extra window at the passage way to the bedrooms and a side window at the dining area.
-4 bedroom unit got a small family area connecting to the back balcony.
-Some penthouses span 3 floors.
-Visual blocking fins for higher floor units.

Some pricing:
#05-15 2 bedroom 710sqft 644k 907psf
#13-03 2 bedroom 786sqft 714k 909psf

#04-12 2+study 872sqft 748k 858psf
#09-12 2+study 872sqft 770k 883psf

[OT]

stack 15 faces west (future BTO)
#09-15 2 beds 710sqft no balcony 661k 930psf

#13-03 2 beds 786sqft faces south (HDB land can be BTO or sold to developer)

#04-12 2+study 872sqft faces north partial pool view
#10-12 774k 888psf

Cheers!

Went to have a look just now. Very typical Sim Lian design except some unusual aspects:
-Some walls of the living room and bedroom are sunken in.
-Extra window at the passage way to the bedrooms and a side window at the dining area.
-4 bedroom unit got a small family area connecting to the back balcony.
-Some penthouses span 3 floors.
-Visual blocking fins for higher floor units.

Some pricing:
#05-15 2 bedroom 710sqft 644k 907psf
#13-03 2 bedroom 786sqft 714k 909psf

#04-12 2+study 872sqft 748k 858psf
#09-12 2+study 872sqft 770k 883psf

[bargain hunter]

said 76% of 240 released units sold = 182 units. not so hot huh.

[ysyap]

said 76% of 240 released units sold = 182 units. not so hot huh.

Yup... not so hot compared to ATT...

[kane]

Yup... not so hot compared to ATT...

No mall and mrt mah. 182 units average say 700k average per unit means about $127m worth of property changed hands there. I don't think sim lian could have asked for any more given the ongoing woes of Europe.

[ysyap]

No mall and mrt mah. 182 units average say 700k average per unit means about $127m worth of property changed hands there. I don't think sim lian could have asked for any more given the ongoing woes of Europe.

So is the piece of land where the old wet market sat slated for residential or commercial development?

[bargain hunter]

Warm responses have also been noted in other project launches located primarily in the heartland regions.
Notably, Sim Lian's 99-year-leasehold residential project, Parc Vera, has met with keen interest from local buyers and has sold about 200 out of 240 units since its launch on Oct 28 at an average price of $800 per sq ft.
Located along Hougang Avenue 7, the 452-unit development is also close to recreational sites such as the Serangoon Park Connector and Punggol Park.
According to a property consultant, most of the buyers of Parc Vera already reside in the North-Eastern part of Singapore, with many citing proximity to their parents' homes as a priority.
Despite concerns that residential prices are near a top, head of Residential at Knight Frank, Wendy Tang, continues to expect healthy sales in the heartland regions on the back of 'real demand from local buyers'.
Concurring with her view, Global Property Strategic Alliance CEO Jeffrey Hong expects 'healthy pick-up rates' going forward as HDB prices continue to soar, narrowing the price differential between public and private homes.

[devilplate]

i was told SL only pays their agts 0.1xx% comm!

[ysyap]

i was told SL only pays their agts 0.1xx% comm!

That's just miserable! A 1mil property will give them less than $2000 commission. Then again if that agent diligently works his/her heart out, he can easily secure 10 sales in the first month of launch or something and that can easily amount to $20 000 worth of commission in that one month. Still pretty decent.

[devilplate]

That's just miserable! A 1mil property will give them less than $2000 commission. Then again if that agent diligently works his/her heart out, he can easily secure 10 sales in the first month of launch or something and that can easily amount to $20 000 worth of commission in that one month. Still pretty decent.

one person only have 24hrs a day! Smart agts will focus their time and effort on other projects tat pays them 2-3times more....

U see tat genius agt shawn.....close a deal at cape....i tink feo pay quite high comm....can be 1-1.5%

[OT]

yes miserable rite? 0.175% still subject to company cut
if other agents come and cobroke we only get 0.035%!!!

that's why we seldom get cobrokers from other agencies

but the good thing is only OrangeTee markets SL projects since SL is a big shareholder of us.

[azeoprop]

Their 2 + study seems quite a good deal.... can almost turn into a compact 3 bedder.

[kane]

Cos they cut price and people flock to their launch more, so they probably think they won't have to pay them much.

[ysyap]

Give and take lah... They sell us low coz they take comm away from agents... LOL! Agents give and buyers take! LOL!

[reporter2]

http://www.businesstimes.com.sg/sub/...87140,00.html?

Published November 15, 2011

Two-thirds of previewed Palette units snapped up

Sim Lian also sells about 200 of 240 units at Parc Vera since Oct28 launch

By MICHELLE TAN


(SINGAPORE) The Palette residential development at Pasir Ris Grove saw a brisk take-up of 200 units at its preview launch last weekend.


Price range and layouts: The average selling price of the 892-unit Palette was in the range of $870 per square foot. Unit layouts in the 12-block residential development range from one-bedders to four-bedders. The project also has 10 penthouses

City Developments Ltd (CDL) released a total of 300 units in the 99-year-leasehold development at the preview.

The average selling price of the 892-unit residential project, located within walking distance to Pasir Ris MRT Station, was in the range of $870 per square foot, with prices beginning at $561,000 for a 495-sq-ft one-bedder on a low floor and $1.8 million for a 2,217-sq-ft penthouse.

Unit layouts in the 12-block project range from one-bedders (up to 700 sq ft) to four-bedders (up to 1,798 sq ft).

The residential development also has a total of 10 penthouses (from 2,217 sq ft to 2,562 sq ft), of which all four units launched last weekend have already been taken up.

Warm responses have also been noted in other project launches located primarily in the heartland regions.

Notably, Sim Lian's 99-year-leasehold residential project, Parc Vera, has met with keen interest from local buyers and has sold about 200 out of 240 units since its launch on Oct 28 at an average price of $800 per sq ft.

Located along Hougang Avenue 7, the 452-unit development is also close to recreational sites such as the Serangoon Park Connector and Punggol Park.

According to a property consultant, most of the buyers of Parc Vera already reside in the North-Eastern part of Singapore, with many citing proximity to their parents' homes as a priority.

Despite concerns that residential prices are near a top, head of Residential at Knight Frank, Wendy Tang, continues to expect healthy sales in the heartland regions on the back of 'real demand from local buyers'.

Concurring with her view, Global Property Strategic Alliance CEO Jeffrey Hong expects 'healthy pick-up rates' going forward as HDB prices continue to soar, narrowing the price differential between public and private homes.

Going into the month of Christmas, developers are rushing to dish out a final spread of new launches before the year's end to tap the buying momentum and capitalise on the festive spending mood of buyers.

According to agents, CapitaLand is tentatively set to launch its 99-year-leasehold development, Bedok Residences, as early as this week.

Expected to draw a fair bit of attention due to its prime location and proximity to Bedok MRT Station, the 583-unit project will form part of CapitaLand's plan to transform the Bedok Bus Interchange and the land surrounding it into a 15-storey mixed development comprising residential and retail components.

Other projects expected to be launched in December include a 400 plus-unit residential project in Sembawang by MCC Land and a 577-unit development by UOL and SingLand by Bedok Reservoir.

[azeoprop]

3rd floor 872sqft 2+study face outside no view for 698k, 800psf, can buy?

[kane]

3rd floor 872sqft 2+study face outside no view for 698k, 800psf, can buy?

so what does it face outside? park? main road? bus stop?

[devilplate]

3rd floor 872sqft 2+study face outside no view for 698k, 800psf, can buy?

if no EU debt crisis, cfm can buy

[kane]

if no EU debt crisis, cfm can buy

if no EU debt crisis, SL also won't sell you at this price lah.

[devilplate]

if no EU debt crisis, SL also won't sell you at this price lah.

hahaha u got it

[kane]

if crisis hits home, maybe can see 700psf. provided some ludicrous amount of money supply doesn't come online.

[devilplate]

if crisis hits home, maybe can see 700psf. provided some ludicrous amount of money supply doesn't come online.

bio other projects better

viva/1devon selling at breakeven px

[azeoprop]

see see look look only .... At least this one still quite walkable to hougang mrt.

[kane]

bio other projects better

viva/1devon selling at breakeven px

one devonshire that area quite congested with high rise.

I think Viva sounds a bit more attractive.

[kane]

see see look look only .... At least this one still quite walkable to hougang mrt.

how long is the walk to MRT?

[devilplate]

see see look look only .... At least this one still quite walkable to hougang mrt.

i tot further to hg mrt den KG to kv mrt?

[Eastboy]

3rd floor 872sqft 2+study face outside no view for 698k, 800psf, can buy?

if you are buying for own stay and don't mind facing HDB flats...it is a good buy la. i mean, will views affect you? if not, then i think it's very affordable for the space.