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Thread: Principal Garden

  1. #41
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    Dun even have indicative pricing yet. Let alone discount talk. Hillview peak lah. Got discount there. How about Kalimantan property? Haze there is the worst. Suits the budget also.

  2. #42
    Junior

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    Quote Originally Posted by MrTan View Post
    Dun even have indicative pricing yet. Let alone discount talk. Hillview peak lah. Got discount there. How about Kalimantan property? Haze there is the worst. Suits the budget also.
    Hillview peak is over-rated.

  3. #43
    Junior

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    Quote Originally Posted by Kelonguni View Post
    Haze more likely to make wrong judgement in pricing. Ha...
    That kind of haze is the one u smoke, is called ganja

  4. #44
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    Sep week 3 transactions just came out today. A couple of Alex Residences mid flr sold over 1.7k psf. Think this development gotta sell at 1.5k psf to make it a 'steal' or ~10% cheaper
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  5. #45
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    For those 1 bedders facing the canal, what is the proposed land use for the vacant land opposite the canal?

  6. #46
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    According to ura master plan, the plot of land between the canal and Alexandra rd would be used for residential. High rise probably, as max plot ratio is 3.5.

  7. #47
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    Default Future development at Redhill MRT vs Principal Garden?

    [url]http://www.channelnewsasia.com/news/singapore/two-land-parcels-for/2161402.html[/url]



    The Urban Redevelopment Authority (URA) has launched the residential site at Alexandra View for sale by tender. The residential plot at Alexandra View is sitting right next to Redhill MRT station. The 90,417 sq ft 99-year leasehold site has a maximum gross floor area of 442,967 sq ft and could yield 400 units. It is zoned for residential with 1st storey commercial use. The tender exercise will close on November 12, 2015 at 12pm.

    Based on URA caveat records in 2015 to date, the median price for comparable projects near the subject site is around $1,700 psf. However, as there is still a large balance of unsold units in the vicinity, the final selling price might fall on the conservative end of the range. In view of this, the bid price of the land is estimated to be in the region of $780 to $830 psf ppr.

    [url]http://www.theedgeproperty.com.sg/content/release-two-residential-sites-redhill-and-sembawang[/url]
    Last edited by MrTan; 30th September 2015 at 11:31 PM.

  8. #48
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    Quote Originally Posted by azeoprop View Post
    For those 1 bedders facing the canal, what is the proposed land use for the vacant land opposite the canal?
    Quote Originally Posted by MrTan View Post
    According to ura master plan, the plot of land between the canal and Alexandra rd would be used for residential. High rise probably, as max plot ratio is 3.5.
    Yes Mr. Tan is right. That's how it is under the current Masterplan.

  9. #49
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    Looks like a lot of potential 1 and 2 bedders in this area coming online. Might greatly depress the rental yield.

  10. #50
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    Quote Originally Posted by azeoprop View Post
    Looks like a lot of potential 1 and 2 bedders in this area coming online. Might greatly depress the rental yield.
    I tink the next crash after Sentosa will be this area, flood with high-priced condo and over supply....just wait for the interest rate to rise more, we will see how the owners jump

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