Eight Riversuites @ Whampoa East Road (United Engineer Group LH 99 Years)

[TheOnlyGayInTheVillage]

热娜亚 38

Actually anything with 38 already 土化 the project liao hahahhaaha

[Noexit]

Allgreen to pay $24m for Hup Cheong Mansions
ALLGREEN Properties has secured an option to buy Hup Cheong Mansions, a condominium near St Michael's Road, for $24 million.The property is located on Mar Thoma Road. It has a 999-year leasehold tenure and has an area of 30,440 sq ft.

What is the reason that R38 land is cheap in the first place?

[fiat500]

Lower price, doesn't sound right bcos I too am looking at this project since the soft VIP launch and my friend who was the first few buyers who bough it had check the price recently compare back then and had no changed at all. The only different then and now is the absorber of the stamp duty, back last year it will be reinbused upon TOP but now is fully discounted off from property price directly, that was why there was an jump in the sales.

Best of all this developer is well know for their stubbornness on their price announced if you familiar with this developer.

Actually it is all gimmick lah,now they are just giving an additional 3% discount off the price n they say its stamp duty absorbtion for R38.
eventually, u will still hv to write out a chq to gahmen to pay the stamp duty..

[timmy]

At these prices, how much upside is there left when buyers finally decide to resell?

Lowest floor 2 br already $1,188 psf and 1 br already $1,300 psf... Just a few floors up on the 7th floor, 2 br already $1,409 psf!!!

I wonder how much mid floors and high floors would cost... $1,700 psf? Same league as Sky Habitat?

Heard there is a jump in prices above L15. So $1500-$1600 is a real possibility.
But this is the premium one has to pay for good view. There will be people who will bite at these kind of prices, esp given the large amt of liquidity floating around.

[Noexit]

Even for any other project that is selling saying duty stamp absopted, will required the owner to write cheque to pay for the stamp duty during meeting the lawyer time cos duty stamp issued by authority is to owner name and not the developer name on paper, that why duty stamp usually is absopted from the property price directly

Actually it is all gimmick lah,now they are just giving an additional 3% discount off the price n they say its stamp duty absorbtion for R38.
eventually, u will still hv to write out a chq to gahmen to pay the stamp duty..

[fiat500]

Even for any other project that is selling saying duty stamp absopted, will required the owner to write cheque to pay for the stamp duty during meeting the lawyer time cos duty stamp issued by authority is to owner name and not the developer name on paper, that why duty stamp usually is absopted from the property price directly

Isn't it the same? Like i mentiond,they are giving additional 3% discount to the list price n say its stamp duty absorbtion..so its LPPL..

[Noexit]

Since U know it make no different, why need to mention for serving no different at end of the day. Eventually what what all project is doing, even u see developer like FE love to give the most discount but who know how much higher they already mark up the price and discount off. anyway is the final discount price and final $/psf we had to be very careful and beware of. All these are just marketing strategy that all of us already knew.

Isn't it the same? Like i mentiond,they are giving additional 3% discount to the list price n say its stamp duty absorbtion..so its LPPL..

[timmy]

Anyone visited the showflat recently? Wonder if the take-up is still ok after the bout of weakness in stock markets.

[Leeds]

Anyone visited the showflat recently? Wonder if the take-up is still ok after the bout of weakness in stock markets.

Was rather quite on Sunday with lots more agents than potential buyers.

With 50% of the units facing south-west sun and the other 50% facing the noisy CTE/PIE MacPherson flyover flanked by two noisy main roads (Serangoon Road and Bendemeer Road); and with many more lower floor units facing the 5-storey mutli-storey carpark within the development, it is hard to find a unit that is good. With prices averaging $1450 psf, it does not make any sense to dip into your pocket for this development.

[fiat500]

Was rather quite on Sunday with lots more agents than potential buyers.

With 50% of the units facing south-west sun and the other 50% facing the noisy CTE/PIE MacPherson flyover flanked by two noisy main roads (Serangoon Road and Bendemeer Road); and with many more lower floor units facing the 5-storey mutli-storey carpark within the development, it is hard to find a unit that is good. With prices averaging $1450 psf, it does not make any sense to dip into your pocket for this development.

ya,fully agree..
with poor facing,its not worth paying so much for it...
poor facing units should be going for averaging 1200psf imo...

[Noexit]

Wow wondering how many units had been sold so far?

ya,fully agree..
with poor facing,its not worth paying so much for it...
poor facing units should be going for averaging 1200psf imo...

[hyenergix]

It is more cramp than a boutique MM.

[azeoprop]

They should have done more sky facilities on the 14th and 24th floor other than the top floors to increase the appeal.

Anyway standing only 30 floor high, this is dwarfed by the 2 new bto which are 40 floor tall.

[hyenergix]

They should have done more sky facilities on the 14th and 24th floor other than the top floors to increase the appeal.

Anyway standing only 30 floor high, this is dwarfed by the 2 new bto which are 40 floor tall.

Oh no, the HDB buyers will look down on the 8 RS buyers

[phantom_opera]

Alexis version 2

[timmy]

Oh no, the HDB buyers will look down on the 8 RS buyers

Haha. That's true. Good thing is that the city view from 8 RS is unblocked by the low intensity industrial area to the south. Regent residences buyers will surely be unhappy that the promised city view is now blocked by 8 RS.

[phantom_opera]

caveat fast coming out


EIGHT RIVERSUITES WHAMPOA EAST Condominium 1 610,700 441 Strata 1,384 May-12
EIGHT RIVERSUITES WHAMPOA EAST Condominium 1 989,000 700 Strata 1,414 May-12
EIGHT RIVERSUITES WHAMPOA EAST Condominium 1 1,230,400 936 Strata 1,314 May-12

2br 936sqft slightly more expensive than 8@W

[timmy]

caveat fast coming out


EIGHT RIVERSUITES WHAMPOA EAST Condominium 1 610,700 441 Strata 1,384 May-12
EIGHT RIVERSUITES WHAMPOA EAST Condominium 1 989,000 700 Strata 1,414 May-12
EIGHT RIVERSUITES WHAMPOA EAST Condominium 1 1,230,400 936 Strata 1,314 May-12

2br 936sqft slightly more expensive than 8@W

The 936 sqft unit should be 3br leh.

[DC33_2008]

Amazing to have three bedrooms in such size.

The 936 sqft unit should be 3br leh.

[Noexit]

Boon Keng DBSS better choice compare to this???

[timmy]

Boon Keng DBSS better choice compare to this???

Got income ceiling leh.

[bargain hunter]

192 sold in may at 1340psf median.

[Dragonfly]

Hi, am new here. Just bought a unit.
like the location but have to admit the surrounding has too many HDB.

[timmy]

192 sold in may at 1340psf median.

Is that considered strong sales?

[bakasa2002]

Is that considered strong sales?

Tepid sales IMO. This could be a major flop.

[timmy]

Tepid sales IMO. This could be a major flop.

Didnt benefit from the sky habitat effect?

[hyenergix]

Slightly. Main flops are the townhouses (too greedy for foreigners) and multi-storey carpark (cheapskate) that made the development too cramped.

[Komo]

...overpriced

[Noexit]

Might be overpriced for this period of time but who know years later when market in future all avarage will be this $/psf soon.

...overpriced

[CP5211]

Hi, am new here. Just bought a unit.
like the location but have to admit the surrounding has too many HDB.

Hello, I am stationed overseas now but heard of this launch. You buying for self stay or investment? If buy for investment, would it be easy to rent out? Thank you