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Thread: One Shenton (D1, 99 year leasehold, CDL)

  1. #41
    GURU
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    Default Re: One Shenton (D1, 99 year leasehold, CDL)

    If you can get a unit at below average price, do it! Good mid to long term holding. Now may not be obvious but in 3 years time, ho ho ho. Can laugh to the bank already.

  2. #42
    Unregistered
    Guest

    Default Re: One Shenton (D1, 99 year leasehold, CDL)

    i think many investors are just waiting for the price to go down, which i think is unlikely.

  3. #43
    2009
    Guest

    Thumbs down Re: One Shenton (D1, 99 year leasehold, CDL)

    Quote Originally Posted by GURU
    If you can get a unit at below average price, do it! Good mid to long term holding. Now may not be obvious but in 3 years time, ho ho ho. Can laugh to the bank already.
    Before 3 yrs time the bubble has burst already .

  4. #44
    Unregistered
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    Default Re: One Shenton (D1, 99 year leasehold, CDL)

    CDL took back all the units whose options have lapsed and sold them in HK and Jakarta! For higher prices.

    - from an insider.

  5. #45
    nonsense
    Guest

    Default Re: One Shenton (D1, 99 year leasehold, CDL)

    Quote Originally Posted by Unregistered
    CDL took back all the units whose options have lapsed and sold them in HK and Jakarta! For higher prices.

    - from an insider.
    Talking rubbish, i have a friend working there so cut the crap. There is still stuck units(many).

  6. #46
    insider
    Guest

    Default Re: One Shenton (D1, 99 year leasehold, CDL)

    Quote Originally Posted by nonsense
    Talking rubbish, i have a friend working there so cut the crap. There is still stuck units(many).
    There will be many more stuck units, had CDL not sold them overseas. Is your friend a lowly secretary? Does she know what she's talking about?

    -insider

  7. #47
    Reuters
    Guest

    Default Limited Residential Supply

    Singapore to disallow conversion of office buildings (to residential buildings) in central area.

  8. #48
    Unregistered
    Guest

    Default Re: One Shenton (D1, 99 year leasehold, CDL)

    This means Kwek LB will be very happy to auction the remaining One Shenton units off at record high prices.

  9. #49
    Newbie

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    Default Re: One Shenton (D1, 99 year leasehold, CDL)

    This project was sold out in Jan 07. However, in the latest update to URA, the developer reported that only 260 out of 341 are sold. That means 81 units (24%) were returned to the developer. What happened????? How come rich people cannot foot the deposit?

  10. #50
    Unregistered
    Guest

    Default Re: One Shenton (D1, 99 year leasehold, CDL)

    Quote Originally Posted by Madeira
    This project was sold out in Jan 07. However, in the latest update to URA, the developer reported that only 260 out of 341 are sold. That means 81 units (24%) were returned to the developer. What happened????? How come rich people cannot foot the deposit?
    isn't it pretty obvious some are pure gamblers out to make quick bucks simply by flipping the units before having to exercise the options? not all who picked up units on launch day are able to afford the units.

    anyways, it has worked out well for cdl. get to pocket the deposits and now have good chance to sell the units at higher prices given that there is a ban on conversion of office buildings into residential ones.

  11. #51
    beavis
    Guest

    Default Re: One Shenton (D1, 99 year leasehold, CDL)

    It is a good lesson to speculators. People/investors not that stupid to buy from secondary market. If you can snatch a newly launch unit, so can the investors. They can also wait for another launch if they did not get it.
    1st class speculators are high net worth individual who are willing to pay in full even if the unit is not sold.

    Thats why many devps prefer private launch. They target real investors not speculators.

  12. #52
    Newbie

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    Default ONE SHENTON

    Project Name-ONE SHENTON
    Developer-CDL Land Pte Ltd(City Developments Limited)
    Property Type-Apartment
    Tenure - 99 Yrs From 14/10/2005
    Total Units - 341
    Completion Date - Est 30 Sep 2011
    District - 1

    source from:
    http://www.virtualhomes.sg/oneshenton

  13. #53
    Newbie

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    Default Looking for a one to two bed room unit

    Any one has leads selling these units? emails to me: [email protected]

  14. #54
    F01 N54 Sheer Driving Pleasure

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    Pssst, want to buy ‘fraction’ of a condo?
    The Business Times
    Monday, 28 September 2009

    A new way of selling condominium units here has emerged amid the recent resurgence in the property market.

    Registered three months ago, Primespace Investments Pte Ltd is marketing ’shares’ in apartments to investors with at least $62,000 to spare.

    It has two studio units available – one at One-North Residences in Buona Vista and the other at One Shenton near Raffles Place.

    While Primespace says it is selling ‘fractional ownership’, investors will not own the properties directly. The apartments will be bought and held by other private limited companies, and what investors pay for are shares in those vehicles. BT understands investors will not lodge caveats on the properties.

    Each of these companies’ share capital will be split into 15 lots. An investor has to pay $62,000 for one lot in the company which owns the One-North unit, or $110,000 for one lot in the company that owns the One Shenton unit.

    After the share capital is allotted to investors, Primespace will continue to manage and rent out the properties. It says it will distribute rental income to investors every year, and it is offering a guaranteed yield of 5% for the first year of investment. If an apartment’s value increases by ‘a certain level (usually 40%)’, Primespace will sell it and share the profit among investors.

    Investors who wish to cash out before the homes are sold can sell their shares to other people. Or they can turn to Primespace, which says on its website that it guarantees repurchase of the shares ‘after a minimum commitment period (two years for most projects)… at fair market value less a re-marketing fee.’

    The idea of pooling funds to invest in property is not new here – many friends and relatives already do it. But Primespace’s business is uncommon in that it lets strangers invest jointly in condominium units. It works like an unlisted property trust, which is more familiar to investors in countries such as Australia.

    Primespace says its model allows those who ‘could not otherwise afford or choose to purchase’ property to still invest in it. Property consultants BT spoke to agree this is an advantage, especially in light of the downturn. But they also point out the drawbacks of investing in such private vehicles. For instance, investors may not have much say over the management, leasing and maintenance of the apartments, and they may find it hard to trade their shares.

    Market watchers also urge investors to do thorough research. ‘Reputation, years of related experience and the track record of the offering company is critical,’ said Cushman & Wakefield Singapore managing director Donald Han. ‘Investors are depending on its capability and experience to generate maximum returns,’ said Mr Han.

    Primespace’s website offers no details about its management. The firm is registered with the Accounting and Corporate Regulatory Authority and records show its director is Trisha Suresh, who could be 24.

    The Consumers Association of Singapore (Case) executive director Seah Seng Choon said the investment model is not regulated and investors need to be cautious. For example, they should ensure that companies offering ‘fractional ownership’ cannot sell more than the agreed number of shares.

    Chesterton Suntec International research and consultancy director Colin Tan says there are more safeguards for investors in listed real estate investment trusts. Those invested in private vehicles ‘may have to resort to costly litigation if things don’t pan out the way they expected,’ he says.

    BT contacted Primespace to find out more about its business, but the firm declined to comment.

  15. #55
    Newbie

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    Default

    Seems like there aren't many discussions about One Shenton here... isn't it going to TOP soon?

    Saw on another forum a photo of the almost completed towers and the surrounding buildings around it... especially the Asia Square tower which is huge! Apparently they are building a 2nd Asia Square tower?!

    Posing the same question here: Does this mean sellers should cash out soon before it becomes more apparent that the views will be gone and harder to convince prospective buyers?

    But buyers who bought at launch and paid a premium for the views would probably be reluctant to do so and hope the next buyers won't notice (at least in the short term) so that they can "pass on" the premium? That's my guess...

  16. #56
    Senior

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    Buyers of properties in this area have to be prepared for losing the good view in future unless it is next to the bay area. There will be a lot more development out the marina bay area. Why pay for view when you know that the view is temporarily.
    Quote Originally Posted by skeptikos
    Seems like there aren't many discussions about One Shenton here... isn't it going to TOP soon?

    Saw on another forum a photo of the almost completed towers and the surrounding buildings around it... especially the Asia Square tower which is huge! Apparently they are building a 2nd Asia Square tower?!

    Posing the same question here: Does this mean sellers should cash out soon before it becomes more apparent that the views will be gone and harder to convince prospective buyers?

    But buyers who bought at launch and paid a premium for the views would probably be reluctant to do so and hope the next buyers won't notice (at least in the short term) so that they can "pass on" the premium? That's my guess...

  17. #57
    CCR Only

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    Default

    I think this is a nice property, but if you are going for rental, maybe lumiere SOHO style can give better value?? For own stay, it's a pity for all the block views..

  18. #58
    Junior

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    Quote Originally Posted by shauntanzs
    I think this is a nice property, but if you are going for rental, maybe lumiere SOHO style can give better value?? For own stay, it's a pity for all the block views..
    Lumiere is going to be blocked pretty soon too....

  19. #59
    Senior

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    Where are all the 50 odd units that are unsold?
    Quote Originally Posted by sh
    Lumiere is going to be blocked pretty soon too....

  20. #60
    Newbie

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    Default One Shenton

    Quote Originally Posted by shauntanzs
    I think this is a nice property, but if you are going for rental, maybe lumiere SOHO style can give better value?? For own stay, it's a pity for all the block views..
    Lumiere a better buy?? you must be kidding me...cos as mentioned, if it is good..it should be fully sold....but there are still units available...

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