Bedok Residences (D16, 99 YEARS LH, Capitaland)

[AgentStLee]

Just face it, all great nations died in the hands of property bubble, people never learn from history ... mighty Japan go from "Rising sun" to "sunset" once Tokyo psf hit 10k psf, Spain became PIIGS after property market crash, US banks nearly go bust when subprime bubble burst

The question is when, how fast. A million HDB in 2y time is probaby "The Sign" ... can Singapore government impose rules like China ... I doubt

The Singapore government maybe able to "control" the price of HDB.
For private property, i'm not too sure about that. Given the population grow and the land availability in Singapore. Even if they control, the price still will go up.
Mark Twain: "Buy land, they're not making it anymore."

USA subprime is a totally different story.

[latour]

But its new and has MRT....and its a Capitaland development...huat ar

very nice 2 bedroom unit layout, with no bomb shelter, no yard and big balcony (aka known as the 'third' room) the size of the common bedroom plus about 50% of living hall. Can use super long bamboo stick for maximum cloths drying efficiency. Or, 2 to 3 single beds with some working space is no problem.

[DC33_2008]

Started collecting cheques.

[kane]

Started collecting cheques.

What's the price guidance?

[Regulators]

Bedok is not marina bay and for hdb condos, upside is limited. If hdb condo can go from 1.3k psf to 2.6k psf, then the surrounding hdb should likewise triple in price as well, which is what the govt is trying to prevent, so what do you think is the upside for this hdb cindi u r marketing?

Some people laugh when The Sail @ Marina Bay launch at $900+ psf.
They say the price at $900+ is "very high". It is now going at a average price of at least $2k psf.

Quote from some forumer, when The Sail @ Marina Bay was launch:

"Went to the showflat liao. The 1 bedroom is super small, going for half a million. 2-room for 1plus million, 3-room for 2plus million. Very expensive, but very nice view."

"Well, that's the definetely one of the most expensive 99 year development in the world."

"MIght as well buy a landed properties with koi garden in it."

"两百万...非常重的乌龟壳"

"true...why live next to the city feels rather streesful leading a hectic lifestyle and to live to the source....humm better drive round with the $$$ left after buying a simple condo out of the city area."

[howgozit]

583 units on such a small plot of land in such a congested part of Bedok. Totally surrounded by HDB with no open breathing space. As it is, Bedok central is already super crowded. For me it feels very squeezy for $1300psf.

[thomastansb]

Well, you cannot write off this project. Investment wise, really limited upside. Based on 1200 psf, rental yield should be damn lousy. Capital gain should be very little. Gone case if coincide with a crisis.

For own stay, I thought it is a pretty good one. Interchange below, shopping mall below, MRT 3 mins walk away.

[East Coast Boy]

FYI ... SIMEI condo near MRT already sold for $1,400+psf
$1,300psf are consider cheap, I thought they will be selling $1,500psf

[howgozit]

FYI ... SIMEI condo near MRT already sold for $1,400+psf
$1,300psf are consider cheap, I thought they will be selling $1,500psf

That's why prices are escalating, in the first place should Simei even be $1400psf?

Btw are you sure Simei sold for $1400psf? As far as I know the priciest of the lot there My Manhattan MM units has only transacted for ard $1250psf. Most around there like Modena, Double Bay, Tropical Spring....etc are hovering < $1000psf.

[Laguna]

That's why prices are escalating, in the first place should Simei even be $1400psf?

Btw are you sure Simei sold for $1400psf? As far as I know the priciest of the lot there My Manhattan MM units has only transacted for ard $1250psf. Most around there like Modena, Double Bay, Tropical Spring....etc are hovering < $1000psf.

I think u need to be updated. The MM units were done .$1350

My Manhanttan
33 Simei Street 3 #01-19 506 $685k $1,354 Sep 23, 201
35 Simei Street 3 #11-25 560 $762k $1,361 Jun 15, 2011