Qbay @ Tampines - By FEO, FCL and Seikisui House LH99

[newbie11]

Few joint developers need more time to reach consensus.. No time to react so fast

[kane]

Few joint developers need more time to reach consensus.. No time to react so fast

pity, otherwise they could have tapped on a couple of buyers in the queue for la fiesta. and have their own little fiesta.

[joeteo]

pretty mei2 agent says pricing still not out and cheque collection cut off time is monday 12pm. Obviously developers still wants to test market response to CM7 . 18th is launch date. Hold my cheque for 4 days to show interest ?? if $$$ remains sky hi means CM7 still a bluff?

[cactus]

may i know how many bedders are on display at showflat>?

[mcmlxxvi]

Quite a buzz in showflat today. All discussion areas full and good interest in number of visitors.

But not so bad and squeezy can walk freely amongst show flats units without stepping on others toes.

[jacelynchia]

It has been confirmed, if second property purchase, Qbay Developer giving 7% Discount.

[joeteo]

** cheque cutoff 14th Jan 12noon **

< Q Bay Residences>

Special Preview Discounts on Preview Day Only

1⃣ Early Bird Discount: 15%

2⃣ Special Discounts
Enjoy from 1 of the Discount Categories below:

2.1) 1% Loyalty discount for either FCL or FEO Customers

OR

2.2) 1% HDB Upgraders Discount

OR

2.3) 1% Special Vicinity Discount

OR

2.4) 2% Multiple / Family Purchase Discount

3⃣ Stamp Duty:
3.1) 7% - $5400 (Cash Voucher; upon full 1st 20% payment)

OR

3.2) 7% FULL Stamp Duty Discount

PRICE ESTIMATES
(after Maximum Possible Discounts)
1Br: fm $5xxK
1+S: fm $5xxK

2Br: fm $7xxK
2+S: fm $8xxK

3Br Compact: fm $8xxK
3Br Premium: fm $1.1xM

4Br: fm $1.40xM

5Br: fm $1.60xM

TRIO Homes
2+S TRIO: fm $9xxK
3Br TRIO: fm $1.1xM
4Br TRIO: fm $1.3xM

[joeteo]

** cheque cutoff 14th Jan 12noon **

< Q Bay Residences>

Special Preview Discounts on Preview Day Only

1⃣ Early Bird Discount: 15%

2⃣ Special Discounts
Enjoy from 1 of the Discount Categories below:

2.1) 1% Loyalty discount for either FCL or FEO Customers

OR

2.2) 1% HDB Upgraders Discount

OR

2.3) 1% Special Vicinity Discount

OR

2.4) 2% Multiple / Family Purchase Discount

3⃣ Stamp Duty:
3.1) 7% - $5400 (Cash Voucher; upon full 1st 20% payment)

OR

3.2) 7% FULL Stamp Duty Discount

PRICE ESTIMATES
(after Maximum Possible Discounts)
1Br: fm $5xxK
1+S: fm $5xxK

2Br: fm $7xxK
2+S: fm $8xxK

3Br Compact: fm $8xxK
3Br Premium: fm $1.1xM

4Br: fm $1.40xM

5Br: fm $1.60xM

TRIO Homes
2+S TRIO: fm $9xxK
3Br TRIO: fm $1.1xM
4Br TRIO: fm $1.3xM

same pricing as BEFORE CM7

[mcmlxxvi]

may i know how many bedders are on display at showflat>?

Various sizes from one bed to dual key TRIO.

[Rosy]

It has been confirmed, if second property purchase, Qbay Developer giving 7% Discount.

U have to check the total discounts given for those 1st timers.

[azeoprop]

No 388k for 1 bedder no buy.

[jacelynchia]

No 388k for 1 bedder no buy.

haha, this pricing is impossible to get!

[mcmlxxvi]

No 388k for 1 bedder no buy.

等久久一定有......

[azeoprop]

Yah loh, totally disabled liaoz. 10% ABSD, 25% downpayment and only 40% loan.

[mcmlxxvi]

Yah loh, totally disabled liaoz. 10% ABSD, 25% downpayment and only 40% loan.

Bro U come visit UV wit Me?

[azeoprop]

Bro U come visit UV wit Me?

Disabled liao, no face to go showflat anymore...haa haa haa.

[mcmlxxvi]

Disabled liao, no face to go showflat anymore...haa haa haa.

i disabled many cms ago and still 厚脸皮ing around....

[Inn0cent]

May I know what time will the show flat closes? I'm interested to go down and take a look.

[jandj]

Where got discount? B4 CM7, price range is 950 to 1100, now after discount, price range is 1000 to 1200.

It has been confirmed, if second property purchase, Qbay Developer giving 7% Discount.

[joeteo]

Where got discount? B4 CM7, price range is 950 to 1100, now after discount, price range is 1000 to 1200.

mark up then give disc. LPPL marketing method

[mcmlxxvi]

The so called discount is actually that the previous indicated range did not consider the new absd. The current range offsets the new absd so you don't pay too much abv prev range.

my interpretation....

[bakasa2002]

mark up then give disc. LPPL marketing method

There's nothing wrong, it's willing seller vs willing buyer... Just look at the risk that capland took w d'leedon n sky habitat. Developers must be prep that the proj won't sell as expected if they price it wrongly...

[Armstrong]

Totally agree with u.

Jandj, if price is so ex, better wait and see. Indeed paying $1000 and above PSF is too high for tampines

This CM come in time

Perhaps wait for awhile, Qbay may have to reduce to $900 to sell

There's nothing wrong, it's willing seller vs willing buyer... Just look at the risk that capland took w d'leedon n sky habitat. Developers must be prep that the proj won't sell as expected if they price it wrongly...

[akow]

Totally agree with u.
Perhaps wait for awhile, Qbay may have to reduce to $900 to sell

Just went to the Qbay showrm today at 130pm. Not crowded at all, many more agents than buyers.

For 2-bedrm mid-floor road-facing unit, estimate about $870K after deducting maximum discount for preview. Net price is equivalent to about $1090psf.
Still very expensive.

Better to be patient.

[jandj]

Wow wow wow, hence a 2 bdrm actual cost with the additional stamp duty (for second ppty owner) will be $957k, which is above $1200 psf

Just went to the Qbay showrm today at 130pm. Not crowded at all, many more agents than buyers.

For 2-bedrm mid-floor road-facing unit, estimate about $870K after deducting maximum discount for preview. Net price is equivalent to about $1090psf.
Still very expensive.

Better to be patient.

[akow]

Wow wow wow, hence a 2 bdrm actual cost with the additional stamp duty (for second ppty owner) will be $957k, which is above $1200 psf

Not $1200psf, developer reimburse the additional stamp duty (7%).

[Inn0cent]

Went down to the showroom today. Was quoted 1200 psf for 1 bedder. And thats after discount. So FEO is telling us if no CM they going to sell at 1400 psf?!?

[phantom_opera]

Went down to the showroom today. Was quoted 1200 psf for 1 bedder. And thats after discount. So FEO is telling is no CM they going to sell at 1400 psf?!?

[akow]

Went down to the showroom today. Was quoted 1200 psf for 1 bedder. And thats after discount. So FEO is telling us if no CM they going to sell at 1400 psf?!?

No.... the pricing is not determined mainly by FEO, cos it's small share holder (30%) within the joint venture.
Frasers is the main share holder.

The land cost is cheap for Qbay, they bid it at $417psf mid last year.
So...their breakeven is less than $800psf,
so they have enuf buffer to reimburse the 7% ABSD.

Still I think is overpriced for 1-bedder & 2-bedder.
No reservoir view, not near to MRT.
The new Tampine West MRT is abt 1.2km away, approximately 3 bus stops away.
During the preview, I think the 2-bedder will be first to sold out...

Only buy it if you really like the layout and design of bay concept.
Not forgetting there are simply many empty lands around it, and also many many other condos along the reservoir...
So it's difficult to see capital appreciation within few years..

[Eastboy]

don't be silly to pay $1,200 psf for an off location with dubious views.