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Thread: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

  1. #91
    Teacher Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by botak james
    Camelot , you an agent in reflections is it ? haha . You sound like a financial adviser for reflections . People believe in your shit , will burn like a pizza in an oven . The price launched is based on the believe that 2 years later this will be the price . I rather believe in GOD .

    Stop calling people agents lah.
    Investors used this forum to discuss and make decision.

    Not every investors have the same view. Some views are bullish, some are bearish. It doesn't mean those with bullish views are agents.

  2. #92
    Teacher Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by WoW
    IF this article is true , in other words , this whole market right now is based on speculation and not investment or staying . Wow , when the shit hits the fan , i will see where the foreigners run to . Rampant speculation = Super big bubble .

    Slow to lodge - not don't want to lodge.
    So a deal concluded at $2,000 psf today may take 2 to 9 months to appear on the URA data.
    If you look at the URA data, the highest may be $1,400 psf. This will lead you to say that the guy who bought at $2,000 psf is overpaying. In actual fact, he may not be because there might a deal at higher than $2,000 psf but not reflected on URA data.

  3. #93
    Teacher Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by botak james
    Ahhhh... yes but that is $1,000psf , this is $1,700-2500psf . Don't tell me there is no diff ?

    $1,000 psf is too high lah.
    Last time only $250 psf what!


    $250 psf is too high lah.
    Last time only $50 psf what!

  4. #94
    Teacher Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by botak james
    Nope , i do not agree with you . Go ahead and buy i dare you , haha . That is unless you are a property agent in reflections , haha , then i say , go ahead and sell .

    So just because you do not agree means everybody cannot buy?
    So when are you going clearance for us to buy?

  5. #95
    Observer Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by Teacher
    So just because you do not agree means everybody cannot buy?
    So when are you going clearance for us to buy?

    Ignore him!
    He is a sour-grape idoit!

  6. #96
    Bypasser Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Very outstanding exterior but interior doable.
    Keppel Land should have done a better job in the interior.

  7. #97
    botak james Guest

    Wink Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    haha , you guys say so much , you bought ? Tell me to verify . If not all talk no action .

  8. #98
    joe Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Sales Update on Reflections at Keppel Bay


    More than 80% of the 350 units released for sale at Reflections at Keppel Bay have been sold over the last few days. At the soft launch last week, Keppel released 1 pair of the tower blocks and 4 villa blocks. However, to cater to strong demand, Keppel released a few floors of another tower block over the weekend.

    The average price achieved for the units sold is about $1,900 psf. The highest price achieved is $2,520 psf for 2 prime 4-bedroom units in one of the villa blocks. So far, 60% of the buyers are Singaporean, with the remaining 40% coming from a wide spectrum of nationalities. These include Koreans, Indonesians, Malaysians, Chinese (PRC) as well as Americans, Australians, New Zealanders and British.

  9. #99
    Adviser Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    I don't need seaview so I give the most expensive units a miss.
    Those facing golf course are OK what! $1,3xx psf only! No need to kill myself to get an unit.

  10. #100
    joe Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    SALES UPDATE ON REFLECTIONS AT KEPPEL BAY
    Attached Files Attached Files

  11. #101
    Observer Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by joe
    Sales Update on Reflections at Keppel Bay


    More than 80% of the 350 units released for sale at Reflections at Keppel Bay have been sold over the last few days. At the soft launch last week, Keppel released 1 pair of the tower blocks and 4 villa blocks. However, to cater to strong demand, Keppel released a few floors of another tower block over the weekend.

    The average price achieved for the units sold is about $1,900 psf. The highest price achieved is $2,520 psf for 2 prime 4-bedroom units in one of the villa blocks. So far, 60% of the buyers are Singaporean, with the remaining 40% coming from a wide spectrum of nationalities. These include Koreans, Indonesians, Malaysians, Chinese (PRC) as well as Americans, Australians, New Zealanders and British.

    Wow! Cool!

  12. #102
    Observer Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by Adviser
    I don't need seaview so I give the most expensive units a miss.
    Those facing golf course are OK what! $1,3xx psf only! No need to kill myself to get an unit.

    But seaview ones better leh.

  13. #103
    Join Date
    Feb 2007
    Posts
    366

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Keppel's Reflections ups the bar in the west

    By Jeana Wong, Channel NewsAsia | Posted: 09 April 2007 2305 hrs


    SINGAPORE: Keppel Land has sold more than 80 percent of the 350 units released for sale at its Reflections at Keppel Bay development.

    The units were sold for an average price of about S$1,900 per square foot.

    60 percent of the buyers are Singaporeans, with the rest from places like South Korea, Indonesia, Malaysia, China and the US.

    There is now talk of the west turning into another premier waterfront living enclave, beating its more established east coast counterpart.

    Augustine Tan, Director, Singapore Residential, Keppel Land, said: "I think we're certainly setting a benchmark for this area. And it's very much because of the architecture. After this launch, people will be looking at higher quality. They'll be looking at the lifestyle that we provide in terms of the waterfront housing."

    Reflections is Keppel Land's second of five planned developments in the HarbourFront area, after The Caribbean.

    Some analysts said there is pent-up demand for high-end projects in the area to rival traditionally popular areas like the east coast.

    Donald Han, Managing Director, Cushman & Wakefield, said: "With the introduction of Reflections, it's raising the profile of the west coast area as a preferred, quality, waterfront living.

    "In Orchard Road, you've got a catalyst in the form of the Orchard Turn residential project. In the east, you've got the catalyst of the Guocoland project.

    "In Sentosa, you've got a few catalysts like The Cove, which has all sold at record price. In the west coast now, the catalyst that will start reevaluation of all the prices around the area is going to be Reflections."

    But other market watchers wonder if a single, iconic project such as Reflections is enough to jazz up the entire west coast.

    Nicholas Mak, Consultancy & Research Director, Knight Frank, said: "This is something that is rather unique to the development because firstly, it will be an architectural icon. And secondly, this development is really right next to the seafront. And it also provides marina facilities, which is something that is not found in the other developments that are in districts 4 or 5."

    Districts 4 and 5 include the Sentosa Cove, HarbourFront and Telok Blangah areas.

    Knight Frank said private home prices in these areas are rising faster because of the hype over the Sentosa integrated resort.

    It said while the average sale prices of other 99-year leasehold condominiums further out in the Telok Blangah area has grown some 20 percent on year, the prices are still only around S$600 to S$650 per square foot.



    - CNA/so

  14. #104
    botak james Guest

    Wink Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by Adviser
    I don't need seaview so I give the most expensive units a miss.
    Those facing golf course are OK what! $1,3xx psf only! No need to kill myself to get an unit.
    $1,300psf for golf course unit ? Sure ?

  15. #105
    botak james Guest

    Wink Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Wow , this thread really has a lot of agents posting . Property agents are very hard working people i can see .

  16. #106
    Onlooker Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by botak james
    Wow , this thread really has a lot of agents posting . Property agents are very hard working people i can see .

    It's time to ignore these sour-grape idiots.

    Now even says The Straits Time, Business Times and Channel News Asia are agents!
    Crap!

    Loser bye bye!

  17. #107
    Adviser Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by botak james
    $1,300psf for golf course unit ? Sure ?

    That's what they offered me last week.
    These are low-floor ones.
    Not sure if there are any units left or the prices have increased.
    Best for you to call them and check with them.

  18. #108
    Wild Wild West Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Sales Update On Reflections At Keppel Bay

    Description More than 80% of the 350 units released for sale at Reflections at Keppel Bay have been sold over the last few days. At the soft launch last week, Keppel released 1 pair of the tower blocks and 4 villa blocks. However, to cater to strong demand, Keppel released a few floors of another tower block over the weekend.

    The average price achieved for the units sold is about $1,900 psf. The highest price achieved is $2,520 psf for 2 prime 4-bedroom units in one of the villa blocks. So far, 60% of the buyers are Singaporean, with the remaining 40% coming from a wide spectrum of nationalities. These include Koreans, Indonesians, Malaysians, Chinese (PRC) as well as Americans, Australians, New Zealanders and British.


    $2,520 psf?
    This is a new record for the area man!
    How soon will this record be broken?
    Incredible!

  19. #109
    Suntec Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by Wild Wild West
    $2,520 psf?
    This is a new record for the area man!
    How soon will this record be broken?
    Incredible!

    $2,520 psf is nothing.
    The penthouses will cost much more than that.

    Anyway, no biggie! Those attending the City Scape Asia 2007 conference in Suntec may just grab the penthouses away. These people/funds have tons of cash.

    www.cityscapeasia.com

  20. #110
    showroom on sun Guest

    Post Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Saw many people there , but onlookers a many , buyers ..... not really . Hear from what people say . " Wah so beautiful " , " Very nice view " and most comment " Too expensive " . After the first vip preview launch , advertistments were placed the next day for reflections units for sale . Wonder how many of the 280 so called units sold are buying to flip ? based on what many agents have told me , One shenton has not many secondary transactions . Wonder how reflections will fare in the secondary market .

  21. #111
    Kiasu King Guest

    Default RE: Minister Mah:Property Sector Doing Well Across All Sectors, Foreign Demand Strong

    Quote Originally Posted by Frederick Lim
    Frederick Lim
    Channel NewsAsia
    10 April 2007

    The Singapore property market has been performing well on a broad front across all sectors over the last two years to three years.

    And according to National Development Minister Mah Bow Tan, a good part of it is due to strong foreign investment in Singapore's real estate.

    Speaking at the Cityscape Asia property exhibition, he cited private sector figures which showed that Singapore's property market attracted a five-fold increase in foreign investment to S$5.4 billion last year, compared with 2004.

    The Minister also said that the government is furthering its efforts to make Singapore more vibrant and exciting to attract even more overseas real estate investors.

    Figures showed Singapore's property market is on the roll.

    In the office sector, demand for space hit a six-year high in 2006.

    Demand for shop space last year also grew by the highest annual increase since 1993.

    And in the private housing market, a total of 10,300 uncompleted residential units were sold by developers in 2006 - a historical high surpassing the previous record of 9,800 set in 1994.

    Of these, a quarter was bought by foreigners, including permanent residents.

    And, foreign companies poured S$5.4 billion into Singapore's real estate market last year compared to just S$900 million in 2004.

    National Development Minister Mah Bow Tan said: "More than just a good place to do business, I believe the other reason why we have been successful in attracting investments is that Singapore is, I submit, a great place to live in. We welcome people from different cultures, we offer a good quality living environment."

    Mr Mah said that the government would continue to make Singapore's cityscape more beautiful and exciting so as to attract even more overseas property investors.

    Singapore's city planner, the Urban Redevelopment Authority, says it is approaching this on two fronts.

    URA's Chief Executive, Cheong Koon Hean, said: "What we now need to do is to add the vibrancy, give more variety. And I think we have to leverage on our strengths. Two things we need to capitalise on. The fact that we are an island, so we capitalise on water - the use of the water. And let water bring value and enhancement to the city. The second thing is our tropical-ness. Because our weather plants grow very well, we are already a garden city. But we can do better to make ourselves a city in a garden."

    The URA has been releasing more land sites in the city to cater for greater demand for office, hotel, residential and mixed development use.

    And these will be targeted at transforming the city into a better work-live-play environment.

    Like that don't wait already!
    Better go buy something now!

  22. #112
    AsiaOne Guest

    Default S'pore is the place to invest in: Minister

    AsiaOne
    10 April 2007

    Singapore is now the centre of attention among regional and global investment industries as it hosts its first Cityscape Asia 2007 - an international convention and exhibition in the property, investment and development sectors.

    This global networking event, which opened at Suntec City this morning, is similar to last year's Cityscape Dubai, which drew thousands of participants.

    Cityscape Asia, opened by Minister for National Development Mah Bow Tan, will highlight regional investment opportunities, iconic architecture and best practices in development to an international investment industry. The event will end on April 12.

    In his welcoming speech this morning, Mr Mah listed major Singapore achievements to show why this is "a global city of opportunities."

    He also said the event is an excellent opportunity for major investors, developers and governmental authorities involved in major property developments to share their plans and network with other key movers and shakers.

    It was timely to have the event in Asia as this region has been thriving, led by strong and sustained growth in China and India and the much-anticipated revival in Japan, Mr Mah added.

    "General sentiments are positive and upbeat, and these have in turn led to positive spin-offs in other sectors of the regional economies, including the real estate sector," he added.

    On Singapore as a strategic link and important gateway for global investors, he said: "With our central location, political stability and cosmopolitan character, we are well positioned to provide social and economic links between the East and the West.

    "Financial institutions based in Singapore trade around the clock, with Asia-Pacific centres, European and American markets, thus making Singapore a significant hub for 24-hour trading in foreign exchange and securities."

    Participants also heard Mr Mah list Singapore's new areas for growth.

    Said Mr Mah: "We have restructured our economy to ride the wave of globalisation. In the manufacturing sector, we are focusing on developing key industries such as petrochemicals and wafer fabrication. We are also investing heavily in R&D, especially in the areas of biomedical, water technology, and interactive and digital media.

    "We have built up a strong base in biotechnology and biomedicine, with a healthy international reputation and a good concentration of scientists based here. Going forward, more investment will be put into clinical research.

    "Singapore is already one of the leading global players in water technology. Two of the largest water companies in the world, General Electric Water and Siemens Water Technologies, have established R&D centres here. Led by home grown firms like Keppel, Sembawang and Hyflux, Singapore will remain focused on exporting our water technology to countries that have increasing demand for water, such as those in the Middle East and China.

    "In interactive and digital media, our technological university has already tied up with a Japanese company to produce Japanese anime, and going forward, there will be many other areas in this industry that we can develop.

    "Being a major global air hub, Singapore will also focus on growing the aerospace industry. We have plans for a big aerospace park to be built in Seletar.

    "With the Marina Bay Financial Centre (MBFC) in place, we aim to attract even more financial institutions and business services, to further strengthen our position as an international financial centre.

    "As the range of financial products and services grows, Singapore will leverage on its sound economic and financial fundamentals, conducive regulatory and business environment, as well as skilled and educated workforce to play an even larger role in global finance and business. Many multinational companies have already chosen to base their regional headquarters in Singapore, and today we are Asia's leading hub for finance, bioscience, aviation, transport and logistics.

    "Tourism is another priority sector for growth. We have embarked on a number of high impact tourism projects such as the two Integrated Resorts - one at Marina Bay, another at Sentosa; the Singapore Flyer - a 165m giant observation wheel at Marina Bay; and the Gardens by the Bay - three waterfront gardens with a combined area of 100Ha right in the heart of the city. Our target is to double annual visitor numbers to 17 million and triple tourism receipt to $30 billion by 2015."

    Mr Mah added that another key strategy to boost economic growth in Singapore is to strengthen economic ties with key trading partners to achieve greater market access for exports.

    "For example, in March 2006, we established the Korea-Singapore FTA (KSFTA), which is a milestone in Singapore's free trade efforts as it is the first comprehensive economic pact between Korea and an Asian partner. We also started negotiations for the China-Singapore FTA in October last year. We have previously concluded major bilateral trade agreements with other key economies throughout the world, including the US, Japan, India, New Zealand and Chile.

    "Singapore's extensive network of Free Trade Agreements, Avoidance of Double Taxation Agreements and Investment Guarantee Agreements, as well as its comprehensive air, sea and IT infrastructures, provides for the seamless flow of goods and services to markets around the world."

    He said the continued expansion of the Singapore economy will underpin and drive the growth of the property market. Our property market has been performing well over the last two to three years over a broad front across all sectors. Demand for all property sectors have been rising. Annual increase in demand for office space rose to a six year high of 290,000 sq m in 2006. Demand for shop space also grew strongly by 127,000 sq m in 2006, the highest annual increase since 1993.

    "The hotel Average Room Rate (ARR) for 2006 was estimated to reach $164, an increase of 19.6 per cent over 2005. The Average Occupancy Rate (AOR) for hotels in 2006 was estimated at 85 per cent, registering a growth of 1.4 percentage point over that in 2005.

    "Private housing also saw good take-up, with a total of 10,360 uncompleted private residential units sold by developers in 2006, a historical high annual take-up that surpassed the previous record of 9,860 units in 1994. Of these, 24.5% were bought by foreigners, including permanent residents."

    Mr Mah said consultants have estimated that the total transaction value of investment by foreign companies in Singapore's real estate amounted to some S$5.4 billion in 2006, as compared to S$900 million in 2004.

    "The investors in our real estate include companies based in the many countries, namely, the US, Hong Kong, Australia, Germany, Japan, Middle East and Indonesia," he added.

    "Driven by positive sentiments the attractiveness of the Singapore Government's plans for key development areas, both local and foreign developers have been buying up development sites sold under the Government's sale of site programme over the past few years."

    For example, development of the Marina Bay area has accelerated with the sale of sites for the Marina Bay Integrated Resort, the Marina Bay Financial Centre and the Collyer Quay lifestyle hotel and commercial development.

    The announcement of the Government's plans to remake Orchard Road one of the world's premium shopping streets, has attracted investors to take up three prime sites in Orchard Road over the last two years.

    "These developments will add vibrancy to the Orchard area and enhance its position as a premier shopping destination," he added.

    REIT (Real Estate Investment Trust) is another growth area. Since the first REIT was launched in Singapore in 2002, it now has the largest REIT market outside Japan. Over the past four years, 15 REITs were listed on the Singapore stock exchange.

    "Singapore has several key advantages for the continued development of REITs. Our pro-investor tax environment aside, Singapore's REITs are also well-diversified, offering investors exposure to income streams from the office, retail, industrial, hotel and logistics sectors. Several of the REITs listed in Singapore have also diversified offshore to Hong Kong, Australia and other Asia- Pacific countries. With these factors in place, Singapore has the potential to be the hub for REIT listings in the region."

    Mr Mah also said that Singapore's pro-business environment is supported by a well-respected government with transparent and consistent policies that protect companies' physical and IP investments.

    "These efforts have not gone unnoticed. Singapore, said Merrill Lynch in a recent report dated 30 Mar 2007, is 'becoming the Zurich and Monaco - not just of Southeast Asia - but of all Asia' as it develops into a premier private banking centre and a tourist destination with its casino resorts.

    "More than just a good place to do business, Singapore is also a great city to live in. We welcome people from different cultures and offer a good quality living environment. We are ranked the best city to live in Asia by Mercer HR Consultants."

    He pledged that Singapore will continue to step up its efforts to enhance the city as a great place to live, work and play.

    "Our vision is to make Singapore a vibrant, global economy - a City in a Garden, with exciting developments, distinctive architecture, and enhanced greenery and waterfront access. Singapore will be an important destination, not only for business and travel, but also for international events and celebrations. With the development of many strategic areas, we believe that there are many opportunities for developers to invest in Singapore.

    "This is also a good time to invest in Singapore. Our economy is structurally and fundamentally strong, which in turn supports a healthy recovery in all sectors of the property market. With prime and strategic sites being made available now and in the near future, we look forward to increased participation from local and foreign investors," he added.

  23. #113
    Unregistered Guest

    Thumbs down Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Published April 12, 2007

    Homes: concern over deferred payment plans

    Fears that such schemes are shifting financing burden from households to developers and builders

    By SIOW LI SEN


    (SINGAPORE) Deferred payment schemes - said to be one of the factors fuelling the local property market - are drawing the attention of the Monetary Authority of Singapore (MAS).

    Such schemes are so popular with buyers that while the property market is red hot, it has not translated into healthy home loans growth.

    Instead, deferred payment schemes have shifted the burden of financing to developers and construction companies, and away from households. The schemes also encourage speculators to buy property they have no intention of hanging on to.

    And MAS is taking notice. Some bankers say it has been raising questions about banks' exposure to deferred payment schemes.

    'MAS recognises that such deferred payment schemes may pose additional risks to the developer and its bank, and expects banks which finance such property developers to take this into account in their management of exposure to the developer,' an MAS spokeswoman said in response to BT queries.

    According to MAS data on bank loans, building and construction loan growth rose a sizzling 18.1 per cent in February, following a 19 per cent gain in January. But home loans grew only 2.7 per cent in February and 2.1 per cent in January.

    Among the local banks, OCBC and DBS grew their building and construction loans 27 per cent and 21 per cent respectively in 2006. UOB increased its building and construction loans 4 per cent.

    OCBC spokeswoman Koh Ching Ching said the increase was due mainly to new drawdowns and loans to finance property development in Singapore, Malaysia and Greater China, with Singapore accounting for the bulk.

    'OCBC has a traditional strength in real estate financing,' said Ms Koh. 'We have dedicated real estate departments within our business banking division for both large and small and medium real estate companies.

    'The property sector is an important part of the Singapore economy and there are regulatory as well as internal guidelines to ensure that our exposure to this sector does not exceed certain limits.'

    Citigroup economist Chua Hak Bin said deferred payment schemes have become prevalent in the local property market, accounting for more than 90 per cent of transactions at recent new Marina and downtown projects.

    And he feels there is growing concern that this may be fuelling speculation and eventually will have a material impact on system-wide banking loans.

    'Price increases in new home sales which offer deferred payment hit much higher levels,' Dr Chua said. This is because buyers on such schemes have time to flip or resell the property for a profit.

    'The returns on capital can be substantial because of the implicit leverage,' he said. 'A 20 per cent increase in property value, for example, generates a 100 per cent return on the initial capital outlay.'

    Deferred payment schemes that allow buyers to fork out only a 10-20 per cent downpayment, with the balance due on completion usually three years later, are not new. They were introduced in the early 1990s and offered again in the early 2000s. 'But it wasn't prevalent then,' Dr Chua said.

    Not all developers offer deferred payment schemes. And some banks say overall progressive payment schemes are still more popular. This could be due to the higher cost of a property of at least 2-3 per cent if deferred payment is offered.

    UOB head of loans Kevin Lam said: 'Progressive payment borrowers, while more, are not significantly more, than deferred payment borrowers.'

    But an HSBC spokeswoman said that among its customers who have bought properties under construction, 60 per cent have opted for deferred payment schemes while 40 per cent have chosen progressive payment schemes.

    Citibank business director Tan Chia Seng said: 'For those properties where deferred payment schemes are made available, we have seen an increase in interest from home buyers. 'The nature of the deferred payment scheme generally makes new projects more attractive to investors. However, home buyers who intend to occupy the properties may be interested in deferred payment schemes as well if the property they purchase is priced at an imputed interest rate lower than the home loan rate.'

    Dr Chua warns though that buyers may be biting off more than they can chew, especially if the market tanks or the economy falters. The prevalence of deferred payment schemes suggests a mortgage surge will come eventually, he said. 'The day of reckoning will likely occur in 2009 when completions are expected to soar to 18,447 - more than double the typical annual supply.'

    Maybank's head of consumer banking Helen Neo said deferred payment loans are more risky.

    'Yes, as repayment only starts from TOP (temporary occupation permit),' she said. 'There could be changes in the borrower's income prior to TOP.'

  24. #114
    Unregistered Guest

    Default Re: Minister Mah:Property Sector Doing Well Across All Sectors, Foreign Demand Strong

    Quote Originally Posted by Kiasu King
    Like that don't wait already!
    Better go buy something now!

    Too late already.
    The Thais are more agressive than the Indonesians now.
    They grab entire development with asking for discount.
    How to fight them?

  25. #115
    Unregistered Guest

    Default Re: Minister Mah:Property Sector Doing Well Across All Sectors, Foreign Demand Strong

    Quote Originally Posted by Unregistered
    Too late already.
    The Thais are more agressive than the Indonesians now.
    They grab entire development with asking for discount.
    How to fight them?

    Don't go and fight with the Thai lah.
    Wait they ban rice exports to Singapore, then we will have nothing to eat.

    Don't go and fight with the Indonesian too.
    Wait they ban all the sand, granite, etc., then we will have nowhere to stay.

  26. #116
    Unregistered Guest

    Default Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    It seems like all the recent media releases on property were carefully orchestrated. The impression they want to give us is: "Tycoons coming in and buying up property. Tycoons no need deferred payment. Therefore developers must scrap deferred payment scheme. To all Singaporeans, if you got no money, don't buy." Sounds good. At least it will prevent a bubble.

  27. #117
    No sales Guest

    Thumbs down Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Published April 13, 2007

    'Hotspot' auction nets no sale

    By KALPANA RASHIWALA


    NOT a single property sold yesterday at a highly touted auction for owner-sales of apartments in the hot spots of Marina Bay/CBD and Sentosa Cove.

    Twenty-one properties were offered. And in most cases the opening prices sought by the auctioneers were not even met. In a few cases there were some bids, but these were below the owners' reserve prices.

    However, CKS Property Consultants, which conducted the auction, is unfazed by the result and confident of selling the properties post-auction through private treaty deals.

    CKS spokeswoman Valerie Ho attributed the poor response at yesterday's auction to bidder shyness. 'Bidders were predominantly local and they may still not be used to the idea of buying a home at an auction,' she said. 'And this is the first attempt to have an auction featuring solely properties put up for sale by owners.

    'There has been a lot of interest after the auction. We expect a lot of negotiations and transactions over the weekend for this batch of properties. We also have a few potential buyers from Indonesia who are coming to our office next week for discussions.'

    Ms Ho reckons the asking prices set by owners are reasonable.

    A long-time market watcher who attended yesterday's auction generally agreed, pointing for instance to the $1.3 million or $1,050 psf opening price sought for a 40th floor two-bedroom unit with a study/loft at Icon at Tanjong Pagar, and the $2.5 million ($1,408 psf) opening asking price for a three-bedroom, 12th floor unit at The Oceanfront @ Sentosa Cove. 'The thing to remember is that these are all sub-sale properties and usually their asking prices are lower than what is being charged by developers for newer project launches in the location,' the market watcher said.

    'But the problem right now is that there are so many sub-sale units in these so called hot-spot locations that, frankly, you can easily pick one up from the classifieds. No need to come to an auction looking for such units - unless the pricing or facing is very attractive.'

    Also, from a potential buyer's perspective there is a disincentive in buying in the sub-sale market as developers will not extend deferred payment schemes they may have given to initial buyers to sub-sale buyers, the market watcher added.

    Properties on offer yesterday included the entire 57th floor, comprising seven apartments, at The Sail @ Marina Bay Tower 2.

    The auctioneer's opening asking price was $10 million but there were no takers.

    Three units at One Shenton were also offered.

  28. #118
    botak james Guest

    Wink Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    apparently 100% of seaview@meyer are deferred payment buyers . If i am one of them i would piss my pants now , come TOP , we shall see who can dump cheaper .

  29. #119
    Unregistered Guest

    Wink Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Quote Originally Posted by botak james
    apparently 100% of seaview@meyer are deferred payment buyers . If i am one of them i would piss my pants now , come TOP , we shall see who can dump cheaper .
    Dr Chua warns though that buyers may be biting off more than they can chew, especially if the market tanks or the economy falters. The prevalence of deferred payment schemes suggests a mortgage surge will come eventually, he said. 'The day of reckoning will likely occur in 2009 when completions are expected to soar to 18,447 - more than double the typical annual supply.'

  30. #120
    only fools rush in Guest

    Unhappy Re: Reflections at Keppel Bay (D4, 99 Years, Keppel Land)

    Only Fools rush in .

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