More developers launching properties during LNY festive season

[princess_morbucks]

http://www.channelnewsasia.com/news/...medium=twitter

SINGAPORE: More developers are choosing to launch properties during the Lunar New Year period.


Real estate analysts said they are seeing more launches in recent years, with at least two private condominiums set for viewing this week.


Lunar New Year is usually considered an off-peak period, as property agents may be away on holiday.


But in recent years, developers are taking advantage of the fact that interested buyers view showflats after their Lunar New Year visiting.


Riverbank @ Fernvale will be launched on the seventh day of the Lunar New Year, on Thursday.


While its showflat is not yet open, members of the public were already at its premises on Sunday for a sneak peek.


Rivertrees Residences, which is located in the same area, will open for preview on 8 February, the ninth day of the Lunar New Year.

Indicative prices of both projects range between S$900 to S$1,100 per square foot.


Chris Koh, director of Chris International, said: "We've seen before in the past where developers did launch condos during the Chinese New Year and they did receive quite a lot of people, they had quite good sales. Perhaps maybe the perception of some buyers is that buying during Chinese New Year is an auspicious thing.”


- CNA/xq

[princess_morbucks]

While its showflat is not yet open, members of the public were already at its premises on Sunday for a sneak peek.

Wow...follow movie...lol...got sneak preview !

[mcmlxxvi]

So many projects name starting with River ... confusion overload!

[azeoprop]

So which river will win?

Riverbank vs Rivertrees......

[Xan]

So which river will win?

Riverbank vs Rivertrees......

My guess is riverbank.
Most buyers still go for cheaper price, despite the fact it has poorer layout compared to rivertree.

[4wheels]

My guess is riverbank.
Most buyers still go for cheaper price, despite the fact it has poorer layout compared to rivertree.

i think so too.

PSF and quantum!

[babyt]

its a nicer name for staying beside longkang.

[DC33_2008]

Expensive Longkang. $1000psf. No more Longkang fish but carp.

its a nicer name for staying beside longkang.

[princess_morbucks]

http://www.straitstimes.com/breaking...other-20140205

Developers are back in launch mode after the Lunar New Year holiday, with two new projects in Fernvale slated to go on sale likely within weeks of each other.


The first to make its move is the 555-unit Riverbank @ Fernvale by UOL Development, which will launch on Feb 14.

That is likely to be followed by Rivertrees Residences, which is expected to launch soon after.


The 99-year leasehold Riverbank @ Fernvale is at Sengkang West Way, overlooking the Punggol River. It is next to the Lush Acres executive condominium project, which is under construction.

[princess_morbucks]

Refer to the first report.
Means delay in launch of both projects.

[azeoprop]

Haa haa must be not enough interests collected.

H2O took some time to sell and till now still not fully sold. 1000 plus units to digest in fernvale might take a lot more time.