Parc SeaBreeze (D15, Freehold, Tiong Aik)

[Ed Wong]

I passed by psb today and saw major soil testing work at the grass patch in front!
The mrt station should be along the stretch of road opposite parkway!
You can still see the soil test over the next few days as tent is built around the test equipment!

[Shawn]

So do you foresee that price of D15 will overtake D10 and D11?

Its unlikely that District 15 will overtake District 10 in psf price, but D11 probably in the next 5 years. In fact, those new developments in Meyer/Amber Road are already transacting above $2000psf for some of their good facing units easily surpassing some of the new developments in D11.

I guess with the upcoming Marina Expressway and the new MRT, D15 will effectively surpass D11 and be on par with D10.

As of now D15 prices are still below average market performance. I give u one example, Makena and Costa Rhu was launched 15 years back at a psf price of $1000 but presently, new developments in the same area are only transacting at $1600-2000psf, which is still less than 100% appreciation.

Whereas, areas like Lavender for eg. City Lights and Southbank condo have appreciated by 300% from $500psf just 6 years ago to $1500psf on average now. Even neighborhood condos like Savannah at Simei have appreciated more than 100% from $400psf to $800psf.

As such, D15 still has a long way to go to see further appreciation in its prices as compared to other neighborhoods.

[Jonathan0503]

Its unlikely that District 15 will overtake District 10 in psf price, but D11 probably in the next 5 years. In fact, those new developments in Meyer/Amber Road are already transacting above $2000psf for some of their good facing units easily surpassing some of the new developments in D11.

I guess with the upcoming Marina Expressway and the new MRT, D15 will effectively surpass D11 and be on par with D10.

As of now D15 prices are still below average market performance. I give u one example, Makena and Costa Rhu was launched 15 years back at a psf price of $1000 but presently, new developments in the same area are only transacting at $1600-2000psf, which is still less than 100% appreciation.

Whereas, areas like Lavender for eg. City Lights and Southbank condo have appreciated by 300% from $500psf just 6 years ago to $1500psf on average now. Even neighborhood condos like Savannah at Simei have appreciated more than 100% from $400psf to $800psf.

As such, D15 still has a long way to go to see further appreciation in its prices as compared to other neighborhoods.

Don't quite agree with you.

Depends on which project in D15 you are refering to and when they were bought. Some have definitely increased 100% or more.

I bought mine about 5.5 years ago and has since increased about 100%

[Shawn]

Don't quite agree with you.

Depends on which project in D15 you are refering to and when they were bought. Some have definitely increased 100% or more.

I bought mine about 5.5 years ago and has since increased about 100%

Well has it increased to 300%?? Areas like Lavender (Citylights, Southbank etc) have all gone up by 300%. East Coast is still lagging by a huge margin.

[sh]

Well has it increased to 300%?? Areas like Lavender (Citylights, Southbank etc) have all gone up by 300%. East Coast is still lagging by a huge margin.

don't have lah... not for SB anyway.... 230% if you're lucky....

Citylights if you're the very first buyers.... maybe...

[DC33_2008]

What will the sites in front of CL and SB be selling at?

don't have lah... not for SB anyway.... 230% if you're lucky....

Citylights if you're the very first buyers.... maybe...

[sh]

What will the sites in front of CL and SB be selling at?

Don't think the sites will be sold any time soon. it's marked as "reserve" on URA's masterplan. The parcels likely to be sold 1st are in front of riverine by the park. At least those are in the masterplan.

[DC33_2008]

Not sure if there will be any revision to this area in the coming up Concept Plan 2011.

Don't think the sites will be sold any time soon. it's marked as "reserve" on URA's masterplan. The parcels likely to be sold 1st are in front of riverine by the park. At least those are in the masterplan.

[eng81157]

Any fellow owners of PSB have knowledge when the development is gonna TOP?

[eng81157]

just got news from developer that project is likely to TOP by the end of the year

[Jonathan0503]

just got news from developer that project is likely to TOP by the end of the year

Thought it looks more or less like completed? Still need to wait till year end, another 10 months?

[eng81157]

Thought it looks more or less like completed? Still need to wait till year end, another 10 months?

your guess is as good as mine. i can only re-gurgitate what the developer mentioned.

hey bro, are you a fellow owner too?

[Jonathan0503]

your guess is as good as mine. i can only re-gurgitate what the developer mentioned.

hey bro, are you a fellow owner too?

No, I'm not.

I wish I am though

[eng81157]

hi fellow bros, got agents calling me up the last few days with offers between $1500-$1550psf for my 3BR unit.

is this a good price to let go? any comments?

[Rosy]

hi fellow bros, got agents calling me up the last few days with offers between $1500-$1550psf for my 3BR unit.

is this a good price to let go? any comments?

If you are not cash tight and do not need the cash, it is an excellent project to hold on.

[Ed Wong]

Is your unit on high floor and sea facing?

[eng81157]

Is your unit on high floor and sea facing?

high but not sea-facing.

[bullman]

hi fellow bros, got agents calling me up the last few days with offers between $1500-$1550psf for my 3BR unit.

is this a good price to let go? any comments?

Thats a good price to let go bro. You bought at around $1000 psf for high floor non-sea facing? I sense a sudden interest in that area as coincidentally, I am also getting offers for my high floor mini pocket seaview 2 BRs in the region of $1550 psf even when I am not putting them up for sale.

[eng81157]

Thats a good price to let go bro. You bought at around $1000 psf for high floor non-sea facing? I sense a sudden interest in that area as coincidentally, I am also getting offers for my high floor mini pocket seaview 2 BRs in the region of $1550 psf even when I am not putting them up for sale.

my purchase was close to $1200psf. considering to let go if the offers hit $2mil, though considering at current's market prices, there is no way i can get a replacement unit at between $1500-$1600psf.

punggol LH already hitting $1000-1100psf . moreover, marine point (post enbloc) should be hitting at least $1600 to breakeven.

[bullman]

my purchase was close to $1200psf. considering to let go if the offers hit $2mil, though considering at current's market prices, there is no way i can get a replacement unit at between $1500-$1600psf.

punggol LH already hitting $1000-1100psf . moreover, marine point (post enbloc) should be hitting at least $1600 to breakeven.

$1200 psf is still a good price. My entry price was around $1400 psf. I am also waiting eagerly for CapLand to launch that project. My guesstimate is that the launch price could be $1900 psf up as they are launching it MM style, unless there is a change in plan to launch bigger units.

Let's wait together while harvesting capital appreciation as more news n that area come online.

[Rosy]

$1200 psf is still a good price. My entry price was around $1400 psf. I am also waiting eagerly for CapLand to launch that project. My guesstimate is that the launch price could be $1900 psf up as they are launching it MM style, unless there is a change in plan to launch bigger units.

Let's wait together while harvesting capital appreciation as more news n that area come online.

Just for discussion.

I personally do not think higher psf new launches shoebox will help to push up other bigger size projects nearby. I have personally seen a disparity of 500-600psf

[price]

Just for discussion.

I personally do not think higher psf new launches shoebox will help to push up other bigger size projects nearby. I have personally seen a disparity of 500-600psf

I do think it will affect, but of course not a dollar to dollar effect.

[Rosy]

I do think it will affect, but of course not a dollar to dollar effect.

the effect can be insignificant in today's market condition. 80% LTV will have a much greater impact.

[eng81157]

Just for discussion.

I personally do not think higher psf new launches shoebox will help to push up other bigger size projects nearby. I have personally seen a disparity of 500-600psf

the disparity is huge. for new launches, the difference is normally $200-300psf

[Rosy]

the disparity is huge. for new launches, the difference is normally $200-300psf

yes for similar size.

Imagine 4xxsqft 1bdr, 800sqft 2bdr, 1k sqft 3bdr? similar to coralis sizing

perhaps 4xxsqft-1ksqft new launches selling for 2.3-2.5kpsf and it is well received. Then bigger units nearby can rise up to 1800psf?

[Rosy]

my purchase was close to $1200psf. considering to let go if the offers hit $2mil, though considering at current's market prices, there is no way i can get a replacement unit at between $1500-$1600psf.

punggol LH already hitting $1000-1100psf . moreover, marine point (post enbloc) should be hitting at least $1600 to breakeven.

I am just curious, I would thought 1550psf for a 3bdr will hit 2mil already?

[eng81157]

I am just curious, I would thought 1550psf for a 3bdr will hit 2mil already?

yup, though i don't think i can get a replacement unit in the same vicinity at the same price.

however, i personally think it's insanity to pay $2m for a 3BR condo.

[dtrax]

yes for similar size.

Imagine 4xxsqft 1bdr, 800sqft 2bdr, 1k sqft 3bdr? similar to coralis sizing

perhaps 4xxsqft-1ksqft new launches selling for 2.3-2.5kpsf and it is well received. Then bigger units nearby can rise up to 1800psf?

2.3/2.5k psf can easily buy orchard,CBD near MRT areas already regardless FH/LH

[bullman]

Just for discussion.

I personally do not think higher psf new launches shoebox will help to push up other bigger size projects nearby. I have personally seen a disparity of 500-600psf

Maybe you can share of an example of a disparity of 500-600 psf? I have personally not seen such a huge disparity.

[Rosy]

Maybe you can share of an example of a disparity of 500-600 psf? I have personally not seen such a huge disparity.

The Cape vs amber residences