The 2 bedroom 700sqft only and comes with only 1 toilet.
The 2 bedroom 700sqft only and comes with only 1 toilet.
The three bd layout looks quite efficient though.Originally Posted by azeoprop
so how was the preview
In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...
Anyone went for preview and how was it?
2 BR 797 sq ft $11XX psf
3 BR 1087 sq ft $9XX psf-$11XX psf.
4 BR 1345 sq ft $10XX psf-$11XXpsf
Call me at 91087536 to find out more
www.vue8residence-pasir-ris.com
Check out the floor plans on my website
Tell us the response. ThanksOriginally Posted by yesnomaybe
I would think so tooOriginally Posted by mcmlxxvi
Pass by both Stratum and Vue8. More cars at Stratum than Vue8. Guess buyers turning back to the latter.Originally Posted by mcmlxxvi
Stratum giving 2%discountOriginally Posted by benpunggol
Personally I prefer Stratum and its low plot ratio.Originally Posted by 4wheels
What ia a good house?
It is a good house as long as you love it
Turning back to Stratum? heard stratum left only suites and penthouses? Vue 8 got SEAVIEW!Originally Posted by benpunggol
Stratum gives 2% discount? Price war?
Yes, seaview is delicious.Originally Posted by Zile
I still prefer Stratum due to low density development and resort feel.
Location wise, i think Stratum is nearer to amenities which is just across the road.
Take just about five mins or lesser to walk from vue 8 to elias mall. Will take longer to walk to pasir ris west plaza but still a comfortable 5-7 mins if you cut thru the block of flats.
Does not look v well received?
Was at the preview on fri and saw around 30 - 40 people at the show flat. Compared with the preview that I went a year ago at river isles...response seems to be weak...Originally Posted by bakasa2002
Originally Posted by bakasa2002
Cycle past Vua 8 at about 5pm, the carpark seems pretty full...
What ia a good house?
It is a good house as long as you love it
30 - 40 at vvip preview????Originally Posted by chenglinsu
A sign of oversupply? SEAVIEW leh
Eh...not all units have seaviewOriginally Posted by Zile
TDSR has impacted sales at Vue 8 Residence no doubt... but private condo launches in general are affected too.
Quite a contrast to the packed show flat at Lush Acres.
Perhaps buyers are taking a wait and see attitude.
Still, there are 3 bedroom units going for around $900 psf.
www.vue8residence-pasir-ris.com
There could be a lot of Sengkang HDB upgraders interested in Lush Acres.Originally Posted by yesnomaybe
How many launched and how many % sold?
Not so good - can read about it in the Business Times today (Page 4) - title of article is "Sales at Vue 8 launch tempered by new home loan curbs".Originally Posted by LiveYoung
50+ units sold out of slightly over 100 units released (there are 463 units in total).
Originally Posted by yesnomaybe
more exp den dnest
Hey bro, thanks for sharing. The sales indeed not impressive compared to Stratum. Was at the launch day of Stratum see look see look and the units released on that day were close to 100% sold. How is the price compared to Stratum though? Judging from the indicative price, it's higher.Originally Posted by rymccondo77
Originally Posted by LiveYoung
No problem.
The paper reported that the average prices of transacted units are in the $980 to $1,050 psf range, depending on unit types and facing or not facing the sea. Prices start from $540K for a 474 sq ft one-bedder (about $1,139 psf).
Higher than Stratum's average prices (Stratum is further from the beach).
I personally think Vue8 has better layout and is far less cramped both within and outside the development than D'nest. Surrounding areas of Vue 8 have no taller buildings which will in turn reward the residents with a more soothing and less cramped feeling. And somemore some of the mid to high floor units come with Serangoon harbor view. I mean yes, D'nest got pool view units. But nature view is far more precious. But location wise, D'nest is much nearer to mrt, at least within reach by walk. And D'nest is by a well known developer whereas Vue8 developer only has Flo in its private residential portfolio. So it's really boiled down to individual choices. I'm sure there are group of people who are willing to pay for a slight premium compared to D'nest to get a sea view unit at Vue8. But I guess it's a tough sell for those units without sea view and near to the main road at Vue8, if the price is not attractive enough.Originally Posted by mermaid
PUBLISHED JULY 15, 2013
Sales at Vue 8 launch tempered by new home loan curbs
50+ units sold so far as market watchers also point to general air of caution
[SINGAPORE] Just 50-plus units have been sold at Vue 8 Residence, a 99-year leasehold project in Pasir Ris. Market watchers attributed it to the general air of caution as well as the longer bank loan approval process under the new total debt servicing ratio (TDSR) framework that took effect on June 29.
A spokesman for SLP International, the marketing agent for Vue 8, said that the average prices of transacted units are in the $980-1,050 per square foot range, depending on unit types and whether or not units face the sea. Absolute prices start from $540,000 for a 474 sq ft one-bedder, said the spokesman.
Rising 17 storeys high, the 463-unit condo development will be a short distance from Pasir Ris Beach. Sales at Vue 8's showflat started on Friday, for people who had registered for the preview, and were extended to the public from Saturday. So far, the developers - a joint venture between Capital Development and ZACD Investments - have released slightly over 100 units.
Christine Li, research head of OrangeTee, described the pricing for Vue 8 as "within expectation", drawing reference to the around-$900 psf average price for Stratum, a five-storey project further away from Pasir Ris Beach. It was released in May with 190 units reported to be sold in the first weekend.
She reckons that prior to Monetary Authority of Singapore's announcements, a project such as Vue 8, priced at an average of around $1,000 psf and with the right marketing strategy, would have been able to clear 150-200 units in the first weekend.
The SLP spokesman said: "The developers are heartened to observe healthy interest but sales have been slow as potential buyers are waiting for banks' clearance of the housing loan before they commit to a purchase. It will take at least four to five working days for banks to satisfy a whole checklist under the MAS guidelines. Among other things, borrowers need their income tax returns as well as bank statements. Not many people carry such documents when visiting a showflat."
Effective June 29, MAS rolled out standardised guidelines for financial institutions to implement a total debt servicing ratio (TDSR) not exceeding 60 per cent of a borrower's gross monthly income, when granting property loans. At the same time, it acted to plug some loopholes used to circumvent tighter loan-to-value limits on second and subsequent housing loans and longer-tenure loans.
A property agent not involved with Vue 8 said that its pricing is within market expectations and that while buyers are still interested in property, the new measures mean that the loan approval process takes longer, about five days.
"Most potential buyers are cautious and want to be sure about the loan amount they qualify for before making a commitment. Previously, people were talking about loan-to-value, but now the loan assessment is based on the individual borrower's total monthly debt obligations including his car loan, credit card payments," said the agent.
Giving his take on Vue 8's first weekend of sales, Knight Frank chairman Tan Tiong Cheng said: "It could be a case of the measures kicking in and buyers could have genuinely turned cautious amid all the government calls for prudence and to take into account future interest rate hikes. However, the more detailed screening process for home loans also probably played a part.
"This is just the beginning and it will take time for both parties, that is, borrower and the lender, to shorten the loan process. Buyers will be anxious because a developer would not wait for a buyer with loan issues if he has another buyer ready to make a commitment. Likewise, banks can perhaps shorten the process through pre-screening loan applicants. However, borrowers may not have decided which banks offer better terms."
Ong Choon Fah, chief operating officer at DTZ Southeast Asia, said that in the near term, "more considered buying" and a slowdown in sales momentum can be expected at new launches - as banks also need time to seek clarification from MAS on the TDSR rules.
"However, well-located projects with attractive pricing will continue to draw buyers," she added.