Treasure Trove Punggol exceptionally CHEAP?

**FilthyRich** · 07-05-12, 10:55

Units at A Treasure Trove were sold at an average of $866 psf during its launch last September while Watertown's initial sales in January were transacted at an average of about $1,080 psf.

Not only so, 18 Volkswagen cars have been put up for grabs which is an exceptionally large amount. This can then help the buyers lower cost significantly.

It seems that the developer for this project is trying to prove a statement, this may lead to a chain of retaliation from other developers which may end up reducing prices of property in Singapore?

SOURCE

**evergreen** · 07-05-12, 11:17

If they can offer 18 cars, means other developers should sell Punggol units for even lower prices!

**FilthyRich** · 07-05-12, 11:25

Yep but i guess this is just a non-price measure to increase competitiveness.
For example, a restaurant does not decrease price but instead provide complementary drinks or wad ever.
Same concept.

I feel that this is a good start

**lajia** · 07-05-12, 11:39

Originally Posted by FilthyRich

Units at A Treasure Trove were sold at an average of $866 psf during its launch last September while Watertown's initial sales in January were transacted at an average of about $1,080 psf.

Not only so, 18 Volkswagen cars have been put up for grabs which is an exceptionally large amount. This can then help the buyers lower cost significantly.

It seems that the developer for this project is trying to prove a statement, this may lead to a chain of retaliation from other developers which may end up reducing prices of property in Singapore?

SOURCE

if they going to sell at ave S$850 then i think it is fairly cheap unless the location is much further in and ulu...if not, maybe the early bird lagi cheap....need to queue is it...

**Laguna** · 07-05-12, 11:57

Well, it is a Sim Lian project

**Arcachon** · 07-05-12, 12:21

Not for FEO.

**eng81157** · 07-05-12, 12:39

Originally Posted by evergreen

If they can offer 18 cars, means other developers should sell Punggol units for even lower prices!

cars are cheap. coe's the killer

**price** · 07-05-12, 13:34

Honestly, anyone of u investors/home buyers will make a purchase just because there's hope to win a <100k Car WITHOUT COE?

Your thoughts?

**Xan** · 07-05-12, 13:39

Originally Posted by price

Honestly, anyone of u investors/home buyers will make a purchase just because there's hope to win a <100k Car WITHOUT COE?

Your thoughts?

For those who have some intention to buy and still not sure, they will still fall into such gimmick.

**eng81157** · 07-05-12, 13:39

Originally Posted by price

Honestly, anyone of u investors/home buyers will make a purchase just because there's hope to win a <100k Car WITHOUT COE?

Your thoughts?

sorry, not me. not especially when a bloody COE is $90k.

**FilthyRich** · 07-05-12, 13:44

I mean firstly the price is significantly cheaper 850 vs 1k psf
secondly the car is not cheap by itself $75k and the probability of winning it is
> 5%. why not?

**Xan** · 07-05-12, 13:50

Originally Posted by FilthyRich

I mean firstly the price is significantly cheaper 850 vs 1k psf
secondly the car is not cheap by itself $75k and the probability of winning it is
> 5%. why not?

There are 3 types of buyers

1. Totally interested ones even with or without prize.
2. Uncertain buyers.
3. Totally not interested ones.

If prize or lucky draw is a VW, it gives type 2 buyers another reason/excuses to commit the property. Think developer targeting the type 2 buyers.

**eng81157** · 07-05-12, 13:51

Originally Posted by FilthyRich

I mean firstly the price is significantly cheaper 850 vs 1k psf
secondly the car is not cheap by itself $75k and the probability of winning it is
> 5%. why not?

firstly, it's gimmicky.

secondly, as a purchaser, what happens if i fail to win and see my neighbour beaming in glee for being the lucky one instead? pissed off, period

thirdly, 10 cars = $750,000. can that sum of money be utilized in a better way? e.g. direct discount to the listed price, furniture vouchers, etc. spread the goodness all around to leave a better taste in everyone's mouth

**radha08** · 07-05-12, 14:01

Originally Posted by eng81157

firstly, it's gimmicky.

secondly, as a purchaser, what happens if i fail to win and see my neighbour beaming in glee for being the lucky one instead? pissed off, period

thirdly, 10 cars = $750,000. can that sum of money be utilized in a better way? e.g. direct discount to the listed price, furniture vouchers, etc. spread the goodness all around to leave a better taste in everyone's mouth

Singaporeans are known to be suckers for lucky draw

**buttercarp** · 07-05-12, 14:07

Nowadays I don't even bother to fill up the contest form but throw away the piece of paper as I feel my info would be given to a 3rd party.
Anyway all these years, I have never won anything that is not due to hard work.

**evergreen** · 07-05-12, 14:59

Originally Posted by price

Honestly, anyone of u investors/home buyers will make a purchase just because there's hope to win a <100k Car WITHOUT COE?

Your thoughts?

Yes. Just like many people buy insurance products to get free ipad...

Originally Posted by radha08

Singaporeans are known to be suckers for lucky draw

Ya lo

Love gambling

Originally Posted by buttercarp

Nowadays I don't even bother to fill up the contest form but throw away the piece of paper as I feel my info would be given to a 3rd party.
Anyway all these years, I have never won anything that is not due to hard work.

If you earn money from your investments, do you consider that "not due to hard work"?

**Beebot** · 07-05-12, 17:27

If I had not committed to a condo already, I will buy this project because of the following reasons:
1. I like the estate
2. I have intention to upgrade to a condo anyway
3. If I win, I will sell the car as I don't have a driving license; hence the COE is immaterial

The lure of the prize just adds to #1 and #2

**babyworm** · 07-05-12, 18:07

Did you guys mix up the 2 projects?

A Treasure Trove - Sim Lian
Location: Diagonally opposite WaterTown (near MRT)
Launched: Sep/Oct 2011
Average psf: $866
Units Sold: 820/882

Flo Residence - CDPL ZACD
Location: Near to Punggol Promenade (Tebing Lane) (LRT only)
Launching: 12 May 2012
Average psf: $850
Units Sold: 0/530
18 VW Cars giveaway

There will be another one launching in Punggol soon called River Isles by Qing Jian

**radha08** · 07-05-12, 19:04

Originally Posted by babyworm

Did you guys mix up the 2 projects?

There will be another one launching in Punggol soon called River Isles by Qing Jian

what they giving away...MOTORBOAT...

**House** · 07-05-12, 20:32

Originally Posted by radha08

what they giving away...MOTORBOAT...

motorboat cheaper cars......

**babyworm** · 08-05-12, 07:06

But this River Isles surrounded by roads, no River to put your motorboat

**eng81157** · 08-05-12, 08:50

if jet skis are thrown in, might consider

**FilthyRich** · 08-05-12, 09:17

LOL encouraging gambling here.
800k lucky draw lot....
HUAT ah...

**CCR** · 08-05-12, 14:09

actually the best gimmick would be to price you project higher.... say 100 psf higher... and give away a brand new car with COE...

Can use home loan to finance a car haha... sure got a lot of people buy...

**realestates1** · 08-05-12, 14:52

Sory i dont understand your comment.
Thanks.

**FilthyRich** · 08-05-12, 17:49

I think what he ment was that he would not mind slightly higher price of the house, given that they include the Car with COE

**babyworm** · 08-05-12, 18:06

Originally Posted by CCR

actually the best gimmick would be to price you project higher.... say 100 psf higher... and give away a brand new car with COE...

Can use home loan to finance a car haha... sure got a lot of people buy...

This is an idea worth considering! Spread out your car loan over 30 years, with super low interest rate, unlike car loans!

**CCR** · 08-05-12, 20:37

I would definitely consider it as its one loan for two biggest item in your life... although it will make singaporeans more highly leverage and more singaporeans over stretching

**kane** · 08-05-12, 22:10

Originally Posted by CCR

actually the best gimmick would be to price you project higher.... say 100 psf higher... and give away a brand new car with COE...

Can use home loan to finance a car haha... sure got a lot of people buy...

fantastic idea! Effective interest rate at under 1.5%. There'll be definitely more BMs on the road!

COE will cheong pass 100k though...

**maisonjai** · 08-05-12, 22:51

Loan - Furni voucher must deduct fm selling price, if car+coe also must deduct right?

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