Why people buy FEO projects

**newbie11** · 19-11-12, 20:32

Wonder the reasons why people buy their projects despite the higher prices? I am asking bcos I am considering one at Seahill for stay but struggle to find the reasons on why I should pay 20-25% more than next door Vision. From price perspective, it's simply too exp. I don't believe price doesn't matter if its for own stay. After all, who wants to stay in a negative equity Home?

feo purchasers, pls share ok?

**price** · 19-11-12, 20:40

Originally Posted by newbie11

Wonder the reasons why people buy their projects despite the higher prices? I am asking bcos I am considering one for stay but struggle to find the reasons. From price perspective, it's simply too exp. I don't believe price doesn't matter if its for own stay. After all, who wants to stay in a negative equity Home?

feo purchasers, pls share ok?

blue chip vs penny stock

**radha08** · 19-11-12, 20:41

this going to be an interesting thread..

..stay tuned for the arrival of the gurus...

**yowetan** · 19-11-12, 20:44

I believe FEO will protect the pricing for the existing buyers. Hence FEO is favorable.

**radha08** · 19-11-12, 20:46

exactly what i said..the gurus have arrived..

mr chesnut out for dinner waiting his..

**Lovelle** · 19-11-12, 20:47

gurus all in Oz...hee hee ...

**buttercarp** · 19-11-12, 20:55

Originally Posted by radha08

exactly what i said..the gurus have arrived..

mr chesnut out for dinner waiting his..

He went on a holiday. He said he was at the airport earlier this morning.
So he may not reply so soon.

**Trigger** · 19-11-12, 20:57

Cos their agents wear thick make-up

and psycho you like crazy

**roly8** · 19-11-12, 20:59

one thing is the brand.

FEO is pretty established brand here already..
somemore, it is under new leadership..

but i don't like the pricing also la..

**lifeline** · 19-11-12, 20:59

newbie11,

pls clear your mailbox. cannot reply your pm this morning.

**radha08** · 19-11-12, 21:07

Originally Posted by buttercarp

He went on a holiday. He said he was at the airport earlier this morning.
So he may not reply so soon.

ya that guru living the good life...driving a lexus convertible..travelling the world...

**blackpepperj** · 19-11-12, 21:11

Because someone got to pay for all the mooncakes and BBQs

**wt_know** · 19-11-12, 21:22

good question. i went to check out hillsta too. overpriced.

**newbie11** · 19-11-12, 21:27

Lol.. Tell me which project is not considered as overpriced

**pengful** · 19-11-12, 21:31

I heard FEO quality is bad. Have they improved the quality as they have the price?

**hamachi** · 19-11-12, 21:32

Apart from the obvious like brand name, buyer's confidence and quality, FEO does have a strong team that handles not only unsold property, but also vacant offices.

That said, I will not buy into a new FEO development. The higher prices don't make sense to me and I am not swayed by their active advertising.

You could also partially attribute the rising property prices in certain areas to FEO's pricing.

**price** · 19-11-12, 21:36

Originally Posted by pengful

I heard FEO quality is bad. Have they improved the quality as they have the price?

but there are still many die hard FEO fans around

**kane** · 19-11-12, 21:53

Originally Posted by price

blue chip vs penny stock

if he uses Vision as a comparison, that isn't a penny stock, in fact it's blue chip vs a blue-er chip.

at 20% difference, i think you're better off with Vision. i didn't visit that showroom but I heard they're giving away pretty goof finishing, is that correct. they were pricing that at a premium at launch and i thought it was crazy. maybe i was the crazy one not to nick a unit there.

**price** · 19-11-12, 22:19

Originally Posted by kane

if he uses Vision as a comparison, that isn't a penny stock, in fact it's blue chip vs a blue-er chip.

at 20% difference, i think you're better off with Vision. i didn't visit that showroom but I heard they're giving away pretty goof finishing, is that correct. they were pricing that at a premium at launch and i thought it was crazy. maybe i was the crazy one not to nick a unit there.

it was just a quote

**kane** · 19-11-12, 22:28

Originally Posted by price

it was just a quote

right, anyway, whichever the developer, just don't be the carrot head.

**iwantgizmos** · 19-11-12, 23:07

actually the main reason is they have strong partnership....
FEO + FCL + Sekisui are powerhouse which adds to the credibility...
3 times the experience, and these parties cooperate to advance their mutual interests.

**Sleepyhead** · 19-11-12, 23:08

Originally Posted by pengful

I heard FEO quality is bad. Have they improved the quality as they have the price?

I disagree! Having lived in an older FEO condo for a few years, I cannot fault the build quality. The place may be old, but the marble finishes, solid wood carpentry etc is still holding strong! Can keep going for many decades more I should think. What more a brand new FEO development!

Premium of 20% IMHO due to:

Superior locations (usually);
Seperior materials and finishes;
A bomb on marketing and having their own sales team;
Protection of existing buyers;
Superior after sales (upon ToP, you can ask them to do anything, and they would usually oblige. Eg. changing marble tile on floor because you think the color cannot match the next piece exactly - in other words hacking up and redoing th entire floor!)

Disclaimer: I am not vested.

**lifeline** · 20-11-12, 00:37

just researching... did not know their portfolio is that large.

http://www.fareast.com.sg/images/feo...edium-2012.pdf

so many can get that loyalty discount...

**DKSG** · 20-11-12, 00:39

Dont know who ask this kinda of question ?

If you cannot see why there are thousands of people willing to fork out more for FEO projects, then you should visit more showflats la!

Why does people willing to pay more for SCGlobal projects ?

Why Martin 38 sell for $2,600+ psf when Martin Place Resi goes for slightly more than $2,000 ?

See more then u will know lor!

Office Boy can contribute a bit bit here.

1) FEO sells you more space, the loft, SOHO, whatever unit. You get more space, better feel. Having stayed in 3.3m ceiling apt and the normal 2.9m, I can feel the difference.

2) Price protection. Do you know FEO still hold some Bayshore (is it Park or something units?) ? The saying is FEO will NEVER drop price, at most they HOLD. Or give u some more furniture vouchers to make u happy. Developer's responsibility to buyers give people a lot of comfort. Though this theory may not be true if market really crashes. But we all know FEO holds some pieces of land for eons and eons.

Thats all I can and willing to say.

Office Boy not affliated or related to FEO.

DKSG

**DKSG** · 20-11-12, 00:41

Originally Posted by lifeline

just researching... did not know their portfolio is that large.

http://www.fareast.com.sg/images/feo...edium-2012.pdf

so many can get that loyalty discount...

If people buy a million dollar property because of some stupid 1% more discount, I think our property market has some deep problems. Haha!

DKSG

**DKSG** · 20-11-12, 00:56

Originally Posted by lifeline

just researching... did not know their portfolio is that large.

http://www.fareast.com.sg/images/feo...edium-2012.pdf

so many can get that loyalty discount...

If people buy a million dollar property because of some stupid 1% more discount, I think our property market has some deep problems. Haha!

DKSG

**lifeline** · 20-11-12, 01:10

Originally Posted by DKSG

If people buy a million dollar property because of some stupid 1% more discount, I think our property market has some deep problems. Haha!

DKSG

I am sure people buy for other valid reasons. The additional loyalty discount is useful if you already intend to invest with them.

**minority** · 20-11-12, 01:38

i never like FEO. only buy those ard where FRO will plan to build. FEO always 20-30% more

**timmy** · 20-11-12, 06:08

Originally Posted by newbie11

Wonder the reasons why people buy their projects despite the higher prices? I am asking bcos I am considering one at Seahill for stay but struggle to find the reasons on why I should pay 20-25% more than next door Vision. From price perspective, it's simply too exp. I don't believe price doesn't matter if its for own stay. After all, who wants to stay in a negative equity Home?

feo purchasers, pls share ok?

There are many reasons but one of the less well-known one is that FEO does not have to get a Qualifying Certificate from the Controller of Housing when it buys land for development (unlike foreign companies or publicly listed ones like Capland, CDL etc).

Since FEO is not subject to guidelines such as having to sell all units within two years from TOP, it can technically take as long as it wants to slowly sell its products. Just price higher and take its time to release the units. Its forward pricing horizon is definitely longer.

**chestnut** · 20-11-12, 06:20

Originally Posted by DKSG

If people buy a million dollar property because of some stupid 1% more discount, I think our property market has some deep problems. Haha!

DKSG

Bro, can I ask u a question? This is not a loaded question but a real frank opinion from u... D u think far east show room is nice?

Among all the showrooms u visited, can u ranked whose show room comes in the top 3?

No 1.
No2.
No3.

I ask u because I think u visit a lot of showrooms and get really give a ground answer. Wild feo be in the top 3?

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