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Thread: Piermont Grand EC at Sumang Walk By CDL

  1. #11
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    Default Re: Piermont Grand EC at Sumang Walk By CDL

    Pay so much $1,080 psf to face opposite Pasir Gudang in Johor.... Really crazy

  2. #12
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    Default Re: Piermont Grand EC at Sumang Walk By CDL

    It all has to do with increased land prices. CDL is also using its name to name a premium to the sticker price....for an EC no less.

    "The break-even price for units at the development was estimated at around $1,000 psf." -STimes, 29th July 2019

    In relation to price movements, RCR has broken $2,000+ psf crica 2017/18 for new developments like PPR, Woodleigh, Amber Park etc to name a few.

    Currently, sitting opposite me is transacting up to $2,700psf for MeyerHouse for RCR in 2019. Hitting $3K psf one day is hard to imagine?
    https://www.ura.gov.sg/realEstateIIWeb/transaction/submitSearch.action;jsessionid=QFI8vxt5kZt3Z-aCfpOlit37hz4L4-tnZF7adoBjjdocfLB9sdfq!-602517481!-1504692120

  3. #13
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    Default Re: Piermont Grand EC at Sumang Walk By CDL

    the land cost of most of the ECs r at similar prices to this CDL plot. brand new ECs look set to stay above 1000psf.

  4. #14
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    Default Re: Piermont Grand EC at Sumang Walk By CDL

    Still remember last time 2009 a 3 bedder 12xx sqft waterfront waves or Caspian or Mi Casa were selling around 600 psf or around 750k
    Inter terrace was around 1.5mil

    10 years later now like this....

  5. #15
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    Default Re: Piermont Grand EC at Sumang Walk By CDL

    Quote Originally Posted by azeoprop View Post
    Still remember last time 2009 a 3 bedder 12xx sqft waterfront waves or Caspian or Mi Casa were selling around 600 psf or around 750k
    Inter terrace was around 1.5mil

    10 years later now like this....
    same formula: shrink size up psf. 10years on,

    CASPIAN LAKESIDE DRIVE Condominium 22 OCR 99 yrs lease commencing from 2008 Resale 1 $1,200,000 - 1,195sq ft Strata 06 to 10 1,004psf Apr-19

  6. #16
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    Default Re: Piermont Grand EC at Sumang Walk By CDL

    Quote Originally Posted by azeoprop View Post
    Still remember last time 2009 a 3 bedder 12xx sqft waterfront waves or Caspian or Mi Casa were selling around 600 psf or around 750k
    Inter terrace was around 1.5mil

    10 years later now like this....
    4BR 1250sqft now....lol

  7. #17
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    Default Re: Piermont Grand EC at Sumang Walk By CDL

    Some factors that is going to affect H2 property sales till end of 2019.
    1) Land prices already north, sticker prices too. What is fair value for buyers where demand meet supply?
    2) Watching this line https://www.abs.org.sg/rates-sibor# Banks will have to re-look their loan strategy moving forward.
    3) Foreign buyers returning to market?
    4) Singapore currency adjustment to support export growth
    5) Election sweeteners but not going as far as adjusting CMs since prices are labelled as 'stable'.
    6) Increased government spending

  8. #18
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    Default Re: Piermont Grand EC at Sumang Walk By CDL

    Major correction could be coming soon since the subprime crisis in 2008.

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