What a long wait till the official launch on the 23rd. Interest can wane if the buyers have to wait so long.
What a long wait till the official launch on the 23rd. Interest can wane if the buyers have to wait so long.
Looks like they are rusty having not launch a project for some time. Think must learn from CDL bah
Most probably will be another flop and another write down will be needed.
Curious
3+Study
stack 32 @ 1109sqft is identical to
stack 8 & 18 @ 1130sqft
except you don't pay for 21 sqft of AC ledge.
In the first place why is 1 need other 1 dont?????
Units are moving... nearly 90 units sold in 1 day after relaunch.
Price asking is realistic...
So previous buyers bang wall??
http://newlaunch-sgcondo.com/the-panorama/
Come here to look at prices for The Panorama for 23 May 2014.
The-Panorama-Floor-Plan.pdf
Click to view floor plan
The Panorama – 23 May Price Stack 23 (1BR) & 24 (1BR)
Click to view
The Panorama – 23 May Price Stack 13 (2BR) & 21(2+S)
Click to view
The Panorama – 23 May Price Stack 14 (3BR) & 22 (3BR)
Click to view
this project is so far from city....dunno why it can claim to be city fringe. its at the corner beside sembanwang hill. gosh.
... Or 1997 discounts . Duchess Crest by Wingtai, started with 1000 psf, then 20% off 2yrs later, then another 10% for the final batch
You see, *every* generation there are a new batch of buyers who had no past knowledge or experience in the market, and every time "this time is different". Ppl usually reaches their peak earning capacity in 30-40y age group. There is always a new group available for this pty market.
Wow even Far East cut prices. .. is there by any chance any developer who hasn't cut price before?
If prices go up, do these VVIP buyers send champagne to developers office as thanksgiving? Market forces at play. Ppty is a game not for everyone, must be able to withstand losses. One must also be able to walk away and cut loss and move on. In a way, that's what Wheelock did, overpaid for the land, write it down, and launch at lower price. Since Wheelock 'overpaid' for the land sold by government, can they knock on URA office to ask for rebate?
Hi property expert and guru, let me add on to your list. The Quartz and even Clover by the Park during the GFC are also victims.
But those happen during major crisis. Most folks can understand price cutting across all asset classes during such year of hardship. But bear in mind now that the recession has not even started but due to govt TDSR. Fact is these developers such as Wheelock and Capitaland are too greedy. I do not think it is right to be sabotaging the initial buyers without some form of goodwill compensation. Even a few hundred dollars rebate as goodwill gesture shld be considered...else they are just damaging their reputation.
I am happy that the greedy developers have cut prices but they shld also compensate the initial buyers to show sincerity. Personal view. Those who talk crap about market forces and attribute blame to the initial buyers for their bad decisions surely and obviously have lack of empathy and suffering from the great effective divide syndrome.
I believe the next mantra for property investment beside locattion, location, location will be timing, timing and timing...
There are many hints from Gov/ Gurus in forum that 2014-2016 will be years of correction and reigning in of the runaway market so we can expect more to come given the dwindling liquidity of cash and loan out there.
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
If you do not agree with my point, can just ignore
Point being, in any game, there are winners & losers. Can't afford to lose, dun play. You are the joker who asked if VVIP buyer can ask for Reno rebatess or not and I'm giving you a retort
Wonder how you deduce I'm a speculator? Really really strange off tangent comment.
So there is nothing special for the first 60 who bought in 1st launch, phase 1? They must be rather disappointed.
Anyway, at $1200 psf, WL still have margins, tho reduced. WL bought land $790 psf + $350psf build = $1140; still got $60 margin. So there is no need to worry for WL.
That is why I think you are a joker, anything including buying big ticket item property for own stay is a "game" to you. OMG....I can't believe you even dare say that. We are not talking about high net worth ultra rich buying Sentosa Coves or Prime areas. Many of the folks here work hard to accumulate their blood n sweat money to fulfill their dreams of owning a private property.
There is definitely no legal obligation for the developers to give anything back. But as I mentioned, pple understand significant price cutting during recession or huge loss of jobs due to economic crisis but at this juncture, it means that the initial pricing is way too high due to greed of the developers. There is definitely a reputational cost to Wheelock. Wheelock is lucky that they are in Singapore. If they dare repeat such sale tatics in China, the initial buyers would have stormed in and trash their showflat and main office.....surely these are not games. Or probably you watched too much HBO Games of Throne?
Agree too.
Anyway..buyers all at the mercy of the developers..anyway I find it very frustrating that the government took so long to implement the last measures....
Harmed all the geninue hpmebuyers...
If developer cut more than 20 percent..wouldn't that mean the valuation dropped before they even get the keys??!