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Thread: Lincoln Suites (D11, Freehold, Koh Brothers / Heeton / KSH / Lian Beng)

  1. #181
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    Just been texted. A 2 room sold 2300psf. Looks like Sail and MBR now is a steal!

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    Quote Originally Posted by Property_Owner
    Just been texted. A 2 room sold 2300psf. Looks like Sail and MBR now is a steal!
    Can anyone tell me why Lincoln Residences, some 20 meters away sell at 1500psf still have unsold units?

    What's wrong with Lincoln Residences?

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    if you tell me it is #28-06, 1098sq ft 3 bedrooms (almost same design as the 2 bedrooms on lower floors in same stack except squeezed in 1 super small bedroom) sold at 2300psf i still believe.

    if you say its #19-06, 1033sq ft 2 bedrooms sold at 2300psf, i find it unbelievable.

    Quote Originally Posted by Property_Owner
    Just been texted. A 2 room sold 2300psf. Looks like Sail and MBR now is a steal!

  4. #184
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    Quote Originally Posted by bargain hunter
    if you tell me it is #28-06, 1098sq ft 3 bedrooms (almost same design as the 2 bedrooms on lower floors in same stack except squeezed in 1 super small bedroom) sold at 2300psf i still believe.

    if you say its #19-06, 1033sq ft 2 bedrooms sold at 2300psf, i find it unbelievable.
    Regardless how come Novena selling more than Trilight for the same floor area? This is unnerving

    Is it because all the mass market prices have pushed up the upper middle segment whereas the luxury market like Cairnhill and Orchard have been somewhat depressed with the lack of institutional buyers.

  5. #185
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    Quote Originally Posted by andy
    Regardless how come Novena selling more than Trilight for the same floor area? This is unnerving

    Is it because all the mass market prices have pushed up the upper middle segment whereas the luxury market like Cairnhill and Orchard have been somewhat depressed with the lack of institutional buyers.
    My guess at the end of the day, what matters is LOCATION. Amenities in the Novena area are more complete than Newton and its proximity to Orchard Road is not that different!

  6. #186
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    Quote Originally Posted by andy
    Regardless how come Novena selling more than Trilight for the same floor area? This is unnerving

    Is it because all the mass market prices have pushed up the upper middle segment whereas the luxury market like Cairnhill and Orchard have been somewhat depressed with the lack of institutional buyers.
    Maybe "because of the absolute quantum that’s required to purchase such apartments, some people are waiting"?

    Maybe "buyers want to see the integrated resorts become fully operational because they’re targeted at bringing in the high-rollers and if they put Singapore in the limelight, more people will start putting their money in"?

    Quote Originally Posted by The Edge

    Singapore’s home prices rebound on cheap money, better economy
    The Edge
    Friday, 23 October 2009

    Singapore’s private home prices rose 15.8% in the third quarter, the most in 28 years, as cheap money and improving economic conditions lured buyers.

    The price index of private residential property jumped to 154.3 from 133.3 the previous quarter, the Urban Redevelopment Authority said on its Web site today. The increase was the first in more than a year and the biggest quarter-on-quarter gain since March 1981, according to the authority.

    “Asset values were knocked down considerably in the global financial crisis and nervous investors pulled out of the market,” Chris Fossick, South East Asia managing director for Jones Lang LaSalle Inc., said in a phone interview. “But unlike the U.K. and U.S., where people were overstretched and had way too high debt levels, in Asia that wasn’t the case.”

    Singapore marked its biggest private residential sale in two years yesterday near the main Orchard Road shopping strip. The government raised its forecast for economic growth this month, and Moody’s Investors Service today reiterated the city- state’s top grade Aaa rating, noting Singapore’s “very high economic resilience and robust government finances” derived in part from its high per-capita income.

    Singapore’s overnight interbank rate, the rate at which banks lend to each other, is 0.25%, down from 2% in January 2008, according to data compiled by Bloomberg.

    Hot Property Deal

    Gains were most pronounced for non-landed properties in the quarter.

    China Sonangol International Ltd.’s purchase of a site that can accommodate a 36-storey development for $283 million yesterday was Singapore’s biggest private residential sale in two years, according to CB Richard Ellis Group Inc. The site can house 52 three- and four-bedroom apartments and two penthouses. The price equals about $2,058 psf.

    CB Richard Ellis is the world’s largest publicly traded commercial-property broker, followed by Jones Lang LaSalle.

    Many investors, after losing faith in the financial system, have come back to basics, which is bricks and mortar and things they understand,” Joseph Poon, head of Macquarie Private Wealth Asia, said in an interview in Singapore today. “Real estate provides good leverage and when asset inflation takes hold you benefit.

    Clients of Macquarie Private Wealth Asia must have liquid assets of at least US$30 million ($41.8 million).

    Gambling Boost

    Kim Eng Holdings Ltd.’s Singapore-based property analyst Wilson Liew said price increases were more subdued for landed and luxury properties only because buyers in that segment typically tend to exercise more caution.

    “Because of the absolute quantum that’s required to purchase such apartments, some people are waiting,” Liew said in a phone interview before today’s price statistics. “Buyers want to see the integrated resorts become fully operational because they’re targeted at bringing in the high-rollers. If they put Singapore in the limelight, more people will start putting their money in.”

    Genting Bhd., Asia’s biggest publicly traded casino operator, may open its $6.6 billion resort in Singapore before the end of 2009, CIMB Investment Bank Bhd. said Aug. 4 after a recent visit to the site, while Las Vegas Sands Corp. aims to open its casino-resort on the island by February.

    Singapore Tourism Board Oct. 12 stuck to its forecast of attracting 17 million tourists to the city-state by 2015 and tripling tourism revenue to $30 billion.

    Improving Economy

    Singapore’s economy is forecast to shrink between 2% and 2.5% this year, the government said Oct. 12, raising a previous prediction for a contraction of as much as 6%.

    The total wealth of millionaires in the Asia-Pacific region shrank 22% to US$7.4 trillion in 2008, compared with the global average drop of 19.5%, according to a report by Cap Gemini SA and Merrill Lynch Wealth Management this month.

    Rents for offices dropped 4.1% after declining 7.7% in the second quarter, the Urban Redevelopment Authority said. Those for retail spaces fell 0.9%, compared with a decline of 2% the previous quarter.

    “The office space is in complete contrast to the residential market, but I would think that’s stabilizing now,” Li Hiaw Ho, Singapore-based executive director of CB Richard Ellis, said in a phone interview.

    Rents for private homes fell 2.2% during the quarter, versus a fall of 5.2% the previous three months, the authority said.

  7. #187
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    on second thoughts, i still find it ridiculous. checked with my agent but she is unaware of the 2300psf deal it seems. maybe just developer selling the top floors to their friends to set these record prices so that other buyers think they are getting a good deal and rush in.

    they say they brought down their cost to 1200psf because no development charge payable, "among various things". why don't they just say that the various things includes, BLATANT USE OF PLANTERS, BALCONIES, BAY WINDOWS AND AIR-CON LEDGES! to bring down their costs.

    Quote Originally Posted by andy
    Regardless how come Novena selling more than Trilight for the same floor area? This is unnerving

    Is it because all the mass market prices have pushed up the upper middle segment whereas the luxury market like Cairnhill and Orchard have been somewhat depressed with the lack of institutional buyers.

  8. #188
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    Quote Originally Posted by bargain hunter
    on second thoughts, i still find it ridiculous. checked with my agent but she is unaware of the 2300psf deal it seems. maybe just developer selling the top floors to their friends to set these record prices so that other buyers think they are getting a good deal and rush in.

    they say they brought down their cost to 1200psf because no development charge payable, "among various things". why don't they just say that the various things includes, BLATANT USE OF PLANTERS, BALCONIES, BAY WINDOWS AND AIR-CON LEDGES! to bring down their costs.
    Regardless of the 2300psf, we now have 2 sources for the 23th floor for 2200psf. However I want to see more transactions around these figures to confirm. Nevertheless the combination of Location and Lifestyle seems to be working;-). Saw some adverts that Viva sub-sales is asking for 19xxpsf.

    Concerning planters, bay windows, aircon ledges which developer don't use these Ultimately it is the buyers that decide.
    Last edited by andy; 26-10-09 at 12:18.

  9. #189
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    yes, every developer uses the P, BW, AL but not to such a ridiculous extent. planters outside toilets (for people after bath step out and dry in the sun is it?) and big deep planters outside windows and walls which are not accessible? bay windows in kitchens? totally blatant.

    but big difference lah. 2200psf for 464sq ft studio is "affordable" but not for 1033sq ft 2 bedrooms.

    speaking of lifestyle, the freshest idea from this showflat is that backside washer cum dryer. gimmicks! that sophisticated looking shower has yet to be approved, meaning they might use any other replacement if its not approved?

    the transparent glass flooring of the sky gym might also give some people the creeps. Imagine that its 24 storeys up and a number of kids are jumping up and down on it and there you are trying to jog on the machine.



    Quote Originally Posted by andy
    Regardless of the 2300psf, we now have 2 sources for the 23th floor for 2200psf. However I want to see more transactions around these figures to confirm. Nevertheless the combination of Location and Lifestyle seems to be working;-). Saw some adverts that Viva sub-sales is asking for 19xxpsf.

    Concerning planters, bay windows, aircon ledges which developer don't use these Ultimately it is the buyers that decide.

  10. #190
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    Quote Originally Posted by bargain hunter
    yes, every developer uses the P, BW, AL but not to such a ridiculous extent.
    yea agreed with u on this one. this project is a little bit too much.
    For example Trilight's huge balcony, personally I still find it acceptable as it's like a nice outdoor terrace. Has some life style appeal. LS's case is really like squeezing every opportunity to increase the perceived unit size.

  11. #191
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    Actually no difference lah. Lincoln Suites should have just shown a 4BR 2200 sq ft show-flat just like Trilight and people will not perceive the smallness of the liveable area of the unit. Trilight 4BR 2200 sq ft unit also have too big balcony & planter areas. Because of these, the living room becomes much smaller than it really can be (& should be). Not that balcony should not exist but feel that the size is too exaggerated compared to size of the living room. The planter area is a real useless area (If I want to plant plants, I can put the pots on my balcony, no need for such useless space lah).

    Quote Originally Posted by amk
    yea agreed with u on this one. this project is a little bit too much.
    For example Trilight's huge balcony, personally I still find it acceptable as it's like a nice outdoor terrace. Has some life style appeal. LS's case is really like squeezing every opportunity to increase the perceived unit size.

  12. #192
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    Wow! Didn't know that LS can hit 2000+psf. This will definitely bring up the price of the resales units around that area.

  13. #193
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    so only 46 of 56 launched units sold last weekend. out of which 15 are studios. the rest are 1 to 3 bedrooms. So they sold 39 on the first day and 7 over the next 3 days. hahaha


    http://info.sgx.com/webcoranncatth.n...df?openelement

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    Quote Originally Posted by bargain hunter
    so only 46 of 56 launched units sold last weekend. out of which 15 are studios. the rest are 1 to 3 bedrooms. So they sold 39 on the first day and 7 over the next 3 days. hahaha


    http://info.sgx.com/webcoranncatth.n...df?openelement
    From another forum
    "Lincoln Suites 1st Phase 60 units released... 70% Sold on 1st Day of VIP preview....$1,800-$2000 psf"

    Whatever it is, these guys are good marketers. Hmm.....

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    Quote Originally Posted by jlrx
    Wow ... what will happen if China Sonangol sell-out their entire project to China tycoons at $8,888 psf? (Since China/ Hong Kong people like the number '8' so much).

    Let me create a fictitious news headline:

    The Singapore Times

    Oct 24, 2010

    Sonangol @ Angullia Park Sold Out at $8,888 psf

    China Sonangol, which last year bought The Parisian at 21 Angullia Park from OUE for $283 million, or a unit land price of $2,058 psf ppr, has sold out their new project before launch. The average selling price was $8,888 psf.

    The entire project has been sold-out to China mainland buyers who came to Singapore on an all-expenses-paid property-buying tour.

    Local buyers who submitted their blank cheques through their agents, hoping to buy a unit, have had their cheques returned.

    The project, sitting on 21 Angullia Park, is 46 storeys tall but the highest floor is numbered the 88th floor. This is in keeping with Hong Kong's tradition of numbering the floors with auspicious numbers.

    The address has also been changed from 21 Angullia Park to 88 Angullia Park because China buyers like the number "8" very much.
    Angullia Road holds fond memories for me 20 years ago when it was so scary to walk at night. Wheelock place used to be a mosque. Now the noise generated by the incessant construction is driving me crazy. Orchard View is the most blatant of all, working 24/7. And worst, there are now 3 more sites coming up. How I longed for the peace. Why can't these developers purchase the whole stretch and build a super freehold condo just like 4 seasons?

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    Quote Originally Posted by andy
    From another forum
    "Lincoln Suites 1st Phase 60 units released... 70% Sold on 1st Day of VIP preview....$1,800-$2000 psf"

    Whatever it is, these guys are good marketers. Hmm.....
    Whatever the price, in 20 years time, it will look so cheap when one factors in inflation!

    The Parisian cost only $1m in the 80s.

    4 seasons also cost around 1.xx mil when it was launched. Look at the prices now.

    So, just buy if you have the $$$.

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    the official launch figure is 56 units (as stated last tuesday before the launch in BT) and 70% on first day = 39 units is correct as confirmed by property owner. So that also confirms only 7 units sold in the ensuing 3 days hahaha.

    by huttons' normal standard in selling MM units all over the island, this must be one of their worst sales. anyway, they are trying to rebrand themselves away from pure sellers of MM units starting with The Arte earlier this year till Lincoln Suites now.

    save your compliments for later if they are able to sell the rest of the units at the same pace.



    Quote Originally Posted by andy
    From another forum
    "Lincoln Suites 1st Phase 60 units released... 70% Sold on 1st Day of VIP preview....$1,800-$2000 psf"

    Whatever it is, these guys are good marketers. Hmm.....

  18. #198
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    Quote Originally Posted by ginseng1
    Whatever the price, in 20 years time, it will look so cheap when one factors in inflation!

    The Parisian cost only $1m in the 80s.

    4 seasons also cost around 1.xx mil when it was launched. Look at the prices now.

    So, just buy if you have the $$$.
    Yup, by looking back you should be aware how much was Ardmore Pk launch price.

    The Sail? People call me crazy when I purchase 5 units.

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    Quote Originally Posted by bargain hunter
    the official launch figure is 56 units (as stated last tuesday before the launch in BT) and 70% on first day = 39 units is correct as confirmed by property owner. So that also confirms only 7 units sold in the ensuing 3 days hahaha.

    by huttons' normal standard in selling MM units all over the island, this must be one of their worst sales. anyway, they are trying to rebrand themselves away from pure sellers of MM units starting with The Arte earlier this year till Lincoln Suites now.

    save your compliments for later if they are able to sell the rest of the units at the same pace.
    This time round they hv propnex fighting but I was told huttons collected more cheques. Same like 101 tress. Guess developers also testing out new agencies for marketing but imho, huttons still e best to sell new launches.

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    Quote Originally Posted by Property_Owner
    Yup, by looking back you should be aware how much was Ardmore Pk launch price.

    The Sail? People call me crazy when I purchase 5 units.
    I believe Ardmore Pk was 3m.

    You would be considered weathly by most standards around the world.

    What more do you hope for from reading these forums?

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    Quote Originally Posted by andy
    I believe Ardmore Pk was 3m.

    You would be considered weathly by most standards around the world.

    What more do you hope for from reading these forums?

    Yup, ardmore was around 3m plus.

    Me? Just sharing and kapo a bit. Old man nothing much to do.

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    Quote Originally Posted by Property_Owner
    Yup, by looking back you should be aware how much was Ardmore Pk launch price.

    The Sail? People call me crazy when I purchase 5 units.
    the way u number off your purchases has convinced me you are a collector, shld change your nick to Property_Collector ~

  23. #203
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    Quote Originally Posted by august
    the way u number off your purchases has convinced me you are a collector, shld change your nick to Property_Collector ~

    Chey. My humble. This is nothing compare to this http://www.savills.com.sg/news/conte...news&category=

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    Quote Originally Posted by dormer
    Wow! Didn't know that LS can hit 2000+psf. This will definitely bring up the price of the resales units around that area.

    i really doubt so ..

    for the past 3 mths , sales of new launches were great .. but not resale.. people are just not buying resale or old projects ..

    one can raise the price of resale afor all they want .. no one biting

  25. #205
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    Quote Originally Posted by bargain hunter

    save your compliments for later if they are able to sell the rest of the units at the same pace.
    I'd like to give sale/marketing ppl credit when due. Given the high price of the land they have bought and the small land area, I believe they have done a decent job to get the interest going and able to command record $psf for that area. The same with NS with its stunning design over such a small plot and now commanding high rental yields.

    Look at coke. It's only sugar and water and it kills your body. The cost price is next to nothing and yet it's one of the highest cap companies in the world

    No development is perfect and the finished product may be less or more than expected. That's a gamble buyers take.

    I'm not one of the 46 owners but this would certainly be a candidate, not because it is a top tier best value "products" but it makes you want one (e.g. iphone)

    Continuous talking down or up any one project create a credibility issue amongst readers.

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    Quote Originally Posted by proud owner
    i really doubt so ..

    for the past 3 mths , sales of new launches were great .. but not resale.. people are just not buying resale or old projects ..

    one can raise the price of resale afor all they want .. no one biting

    bingo pal. My phone also went dead. No agents been calling me for weeks.

    Got lah, not as much as before.

  27. #207
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    Quote Originally Posted by proud owner
    i really doubt so ..

    for the past 3 mths , sales of new launches were great .. but not resale.. people are just not buying resale or old projects ..

    one can raise the price of resale afor all they want .. no one biting
    Yep that's true. Actually they are not even looking let alone biting at resale.

    Ppl are only enriching the developers...

  28. #208
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    Quote Originally Posted by andy
    Yep that's true. Actually they are not even looking let alone biting at resale.

    Ppl are only enriching the developers...
    just spoke with a friend who has a unit at Cairnhill residences ..TOPing 2010 Q1 i think .. and he is letting go at 2100 psf ..

    yet no sound no picture .. and i see in this forum ..people buying LS is 2200 psf ? or even 2300 psf ??

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    Quote Originally Posted by proud owner
    just spoke with a friend who has a unit at Cairnhill residences ..TOPing 2010 Q1 i think .. and he is letting go at 2100 psf ..

    yet no sound no picture .. and i see in this forum ..people buying LS is 2200 psf ? or even 2300 psf ??
    Sssshhhhh....

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    Quote Originally Posted by Property_Owner
    Yup, by looking back you should be aware how much was Ardmore Pk launch price.

    The Sail? People call me crazy when I purchase 5 units.
    Wow! Does anyone still say you are crazy?

    I bought a property shortly before The Sail was launched, and remember asking my agent for his view of the market.

    He told me that if The Sail could break above $1,000 psf, then my property should also be all right.

    A few weeks after, he called me to "congratulate me" on my purchase. He said "The Sail managed to break above $1,000 psf. That's a good sign."

    Quote Originally Posted by proud owner
    i really doubt so ..

    for the past 3 mths , sales of new launches were great .. but not resale.. people are just not buying resale or old projects ..

    one can raise the price of resale afor all they want .. no one biting
    That's because people have a choice of units when viewing new projects. They can choose this stack or that stack, but resale units are usually offered one at a time and they cannot choose.

    I also notice that after the initial wave of buying, some projects have no more buyers and the developers just keep the project on their books as an asset at "market price" and feel very happy and contented about it.
    Last edited by jlrx; 26-10-09 at 23:22.

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