Residences @ Evelyn (D11, Freehold, CDL)

[proud owner]

I opened up a kitchen, knockdown walls & hack floors. Put in new floor tiles and wall to ceiling tiles + new cooker+new sink+ new hob +new wall2celing glass cabinets+ new kitchen top + new stove + 2xnew invertor branded aircons + designer taps + new dryer+new washer all for less than 20K. I am not a contractor either.

My point is that a new kitchen does not get you the tenants who would go for new development and new units. Own stay is entirely different.

so its the mentality of sporeans ... new is good ...

so old project will never have any value?

so sad

some of us have to think differently ..

[andy]

so old project will never have any value?

so sad

some of us have to think differently ..

Oh yes, the land value will appreciate and may double or triple in the next 2 decades. The space over the land just depreciates after TOP.
So much wastage and how can SG be "green" Look @ Anderson 18

I don't know why we design and build buildings using cheap labour or cheap material to only last 10 years and then take it down. They build them superfast after project sold. Look at the Arte and Sky11. Is it really nice to look at as you drive past?

This baywindow GFA is going to cost a lot of greenhouse gases!

Overseas where I've bought/sold real estates the building lasts decades and appreciates in value. People just renovate and they do it themselves brick by brick every weekend. Go for enbloc....you crazy

[proud owner]

Oh yes, the land value will appreciate and may double or triple in the next 2 decades. The space over the land just depreciates after TOP.
So much wastage and how can SG be "green" Look @ Anderson 18

I don't know why we design and build buildings using cheap labour or cheap material to only last 10 years and then take it down. They build them superfast after project sold. Look at the Arte and Sky11. Is it really nice to look at as you drive past?

This baywindow GFA is going to cost a lot of greenhouse gases!

Overseas where I've bought/sold real estates the building lasts decades and appreciates in value. People just renovate and they do it themselves brick by brick every weekend. Go for enbloc....you crazy

yep

i used to live in a very cosy 1 bedroom in sweden ... its over 100 yr old

enbloc ??? they asked ? never heard of such word

[teddybear]

We are comparing [email protected], PI, and NS which are all projects more than 1 year old. Which one is the new one you are referring to?
We have not even talked about the new ones yet. Lincoln Suites at about $2k psf?

[quote=proud owner]

Are you sure? Let's look at the cold hard facts:
(we have to factor in floor level and facing and size of units - Both seem almost same to me, which means Residences @ Evelyn has no price premium to Park Infinia despite before so-called "more exclusive" with 200+ units vs PI 486 units. In fact, Newton Suites, being much closer to Novena MRT station, is transacted at higher prices than [email protected] which is closer to Newton MRT station).


so what does that tell us ??

people are paying high prices without realising ? or people are only willing to pay higher for newer development ?

or people are being 'cheated' by developers ?

why are all the newer projects costing mroe ? has construction cost gone up ?

or are buyers stupid ?

[andy]

yep

i used to live in a very cosy 1 bedroom in sweden ... its over 100 yr old

enbloc ??? they asked ? never heard of such word

Ah yes. Love Sweden, which part of Stockholm?

Saw the "tradesman" repairing a stone wall. Just one person with precision cutting tools and machinery. These are professionals not truckloads of unskilled workers.

Would have taken the whole day to replace 1meter square slab of stone wall.

[dmonddd]

Are you sure? Let's look at the cold hard facts:
(we have to factor in floor level and facing and size of units - Both seem almost same to me, which means Residences @ Evelyn has no price premium to Park Infinia despite before so-called "more exclusive" with 200+ units vs PI 486 units. In fact, Newton Suites, being much closer to Novena MRT station, is transacted at higher prices than [email protected] which is closer to Newton MRT station).

Residences @ Evelyn:
#15-07
Freehold
$1451
1539
$2233k
31 Jul 09
#13-01
Freehold
$1580
1528
$2415k
29 Jul 09
#09-01
Freehold
$1413
1528
$2160k
10 Jul 09
#22-08
Freehold
$1432
1033
$1480k
11 Jun 09
#19-05
Freehold
$1290
1109
$1430k
21 May 09
#17-05
Freehold
$1290
1109
$1430k
13 May 09
#18-05
Freehold
$1328
1109
$1472k
11 May 09
#27-08
Freehold
$1210
1033
$1250k
05 May 09

Park Infinia:
#18-13
Freehold
$1399
850
$1190k
20 Aug 09
#16-12
Freehold
$1402
1582
$2218k
19 Aug 09
#16-14
Freehold
$1500
1335
$2002k
17 Aug 09
#11-09
Freehold
$1580
1001
$1581k
17 Aug 09
#15-11
Freehold
$1498
2002
$3000k
15 Aug 09
#21-08
Freehold
$1475
1464
$2159k
11 Aug 09
#25-06
Freehold
$1317
1442
$1900k
03 Aug 09
#15-16
Freehold
$1466
893
$1310k
28 Jul 09
#04-05
Freehold
$1290
1464
$1888k
28 Jul 09
#09-01
Freehold
$1450
1464
$2122k
20 Jul 09
#15-12
Freehold
$1420
1582
$2246k
15 Jul 09
#14-09
Freehold
$1558
1001
$1560k
10 Jul 09
#06-07
Freehold
$1450
1001
$1451k
08 Jul 09

Newton Suites:
#10-02
Freehold
$1696
1238
$2100k
17 Jul 09
#34-01
Freehold
$1631
797
$1299k
14 Jul 09

wow....i see PI transactions from Jul-Aug more than [email protected] transactions May-Jul. PI seems like "flipper" project. such project wld c wide fluctuations on prices as buyers may not be able to analyse. PI prices will correct itself - let's see

[andy]

wow....i see PI transactions from Jul-Aug more than [email protected] transactions May-Jul. PI seems like "flipper" project. such project wld c wide fluctuations on prices as buyers may not be able to analyse. PI prices will correct itself - let's see

Pls check the data below The facts don't lie. There is not a single flipper for this PI project since jan 2009.

Accept the facts man..that PI $psf has caught up to [email protected] $psf and not hope against the trend. I don't own either of the properties.

2A #23 -07 6 #31 -11 2A #14 -07 2A #08 -07 2A #24 -07 2A #22 -07 2A #28 -07 6A #26 -15 2A #27 -07 2A #02 -08 6A #19 -15 6 #26 -11 6A #31 -13 6A #23 -15 2A #10 -07 6A #24 -15 2A #02 -09 2A #18 -04 2A #18 -09 2A #14 -10 2A #14 -05 2A #04 -09 2A #14 -04 2A #17 -09 2A #17 -04 2A #24 -09 2A #23 -08 2A #03 -08 2A #06 -04 2A #07 -09 6A #04 -16 6 #07 -11 6A #11 -15 2A #26 -09 2A #06 -05 2A #26 -10 2A #27 -09 6A #16 -14 2A #24 -04 6A #09 -15 2A #15 -10 2A #08 -04 6A #18 -13 6 #16 -12 6A #16 -14 2A #11 -09 6 #15 -11 2A #21 -08 2A #25 -06 6A #15 -16 2A #04 -05 2 #09 -01 6 #15 -12 2A #14 -09 2A #06 -07 2A #21 -07

[lancelot]

i helped a friend renov his 1550 sqft 3 bedroom at pacific mansion ..

No offense to your friend but you are aware of the reputation of pacific mansion? Getting the desired tenant mix is difficult. That's why it's priced at a discount to other similar, neighbouring condos. The best way to extract value from pacific mansion is through enbloc, which was what it tried to do at the peak of the market in 2007 but failed to achieve due to its ridiculous high asking price.

[andy]

No offense to your friend but you are aware of the reputation of pacific mansion? Getting the desired tenant mix is difficult. That's why it's priced at a discount to other similar, neighbouring condos. The best way to extract value from pacific mansion is through enbloc, which was what it tried to do at the peak of the market in 2007 but failed to achieve due to its ridiculous high asking price.

absolutely agree with you. It's not only the inside that tenants look at but also the type of tenants, the neighbourhood, the facilities and even the quality of the security guards and mgmt who can police the do's and dont's

[dmonddd]

Pls check the data below The facts don't lie. There is not a single flipper for this PI project since jan 2009.

Accept the facts man..that PI $psf has caught up to [email protected] $psf and not hope against the trend. I don't own either of the properties.

2A #23 -07 6 #31 -11 2A #14 -07 2A #08 -07 2A #24 -07 2A #22 -07 2A #28 -07 6A #26 -15 2A #27 -07 2A #02 -08 6A #19 -15 6 #26 -11 6A #31 -13 6A #23 -15 2A #10 -07 6A #24 -15 2A #02 -09 2A #18 -04 2A #18 -09 2A #14 -10 2A #14 -05 2A #04 -09 2A #14 -04 2A #17 -09 2A #17 -04 2A #24 -09 2A #23 -08 2A #03 -08 2A #06 -04 2A #07 -09 6A #04 -16 6 #07 -11 6A #11 -15 2A #26 -09 2A #06 -05 2A #26 -10 2A #27 -09 6A #16 -14 2A #24 -04 6A #09 -15 2A #15 -10 2A #08 -04 6A #18 -13 6 #16 -12 6A #16 -14 2A #11 -09 6 #15 -11 2A #21 -08 2A #25 -06 6A #15 -16 2A #04 -05 2 #09 -01 6 #15 -12 2A #14 -09 2A #06 -07 2A #21 -07

are you an agent? i've been looking for one at [email protected]

the data facts may not accurately reflect the prices of PI. I see as overpriced given the higher no of units in PI, interior materials used. I viewed both projects. It's either PI is overly priced or [email protected] is underpriced.