just like GV asking for the sky, looking for suckers...Originally Posted by Unregistered
unless it is non rail facing, more bargaining power.
HT
just like GV asking for the sky, looking for suckers...
unless it is non rail facing, more bargaining power.
I beg to differ....
GV now asking for over $1000psf.
These are only 600+ psf.
Which offer better value? You decide....
HT
well, I wish you are right.... I do think that the RT has more value than what it is commanding right now.
I bought it to stay. So even if it goes up to $1000psf, doubt I will sell.
If I do, will still need to buy back something unless am planning to rent.
With rents going up, not a good idea too. So, will just enjoy my stay at RT
Hi have a 3BR unit 1324sf in blk 97 unit 36 mid floor. Looking at 900k. Any interest?
I thought same unit, but at high floor is only asking for 870K. Are you pricing yourself out of market?
Well actually mine is a high floor unit if we consider that there are only 7 floors in that stack. Caveat lodged already achieved 660 psf so I am quite sure we will see 700 psf in the next two months. in that context, priced to sell.
Easily $750-800psf by TOP. Mark my word!
By then, wondering how much GV will be selling at?
1200 psf? I guess you can always ask, if get lucky, you may find a buyer
Cascadia (next to Nexus/Maplewoods) is launching around $1300psf.
Maplewoods & King Albert Park. Both over 10 yrs old. Now transacting over $1000psf. Mad!
Based on what???
Dun try to hype up the prices.
It would be within $600-$700psf only. $800psf ??? lol
Re: The Raintree (D21, 99 years leasehold, Frasers Centrepoint)
Hi, have been following this thread for some time now and also visited the site. Really impressed with the location. Am interested in a ground floor, 3BR unit. Anyone can advise how much does one cost now and if there are any listing in the market?
Maplewood is a quality project and near top schools.
People would pay top dollars for it.
RT offers different things and is value for money.
Last trans at RT already at $660psf.
Over $700psf is a matter of time....
Lets see has the last laugh dude!
Last trans at RT already at $660psf.
Over $700psf is a matter of time....
Lets see who has the last laugh dude!
King Albert Park? Also another quality proj?
The last three units sold by developer at 660-670 psf were all 1335 3+1 low floor pool facing units. Since then, in the subsale market, the 3+1 (1335 psf) unit actually has trouble beating the bench mark price set by developer. I think buyers are very cautious and knowing that most owners pay only about 500 psf for these units and counting on owners will let go at 630-650 psf for a decent profit. Other size units did not go higher than 620 psf in subsale market. In fact, for the rail facing unit, you can get one at 560-580 psf.
True & logical analysis.
"I think buyers are very cautious and knowing that most owners pay only about 500 psf for these units and counting on owners will let go at 630-650 psf for a decent profit"
IMHO however, we will need to perhaps what follows this phenomenon.It would only be a matter of time (unless the market crashes) before these "cautious buyers" realised that they are priced out of the market. In this vicinity anyways, perhaps the better "caution" may be to grab a unit at this price point than to wait (lest the rising cost of purchase of the surroundings pushes RT owners' expectations up higher) if this development suits their budget & lifestyle that is. B'cos the truth is I do believe that most RT buyers bought because this place truly appeals to them and they wont mind staying in it.
The seemingly eagerness to sell their unit could logically be due to positive market sentiments tempting them to part with their unit should the price be right.
Most things can be bought at a price, even something that one loves may be given up to another should the price be right. Its cynical and perhaps sweeping statement, but imho I do believe this is the reality.
So unless the owners stop liking their unit, lower price points may not tempt them to sell, hence limiting the availability of units at the price point that is deemed "reasonable" by current buyers. Would the price move up by TOP?? The million dollar question still depends on market forces and the demand for it. With limited sellers willing to sell at lower prices and sufficient demand for the unit, I'd say why not?!? Buyers would eventually have to come with terms that the overall property, market has gone up and accept the new benchmarked prices of RT, weighing against other developments.
I believe that at worse, buyers dont bite. Then RT price would stay where it is now, on the premise that most owners would be unwilling to release their units which they personally desire at a lower price than what they think its worth.
We can only wait and see!
If the owners' compelling reason that led them to purchase RT was to make a profit, then it may perhaps be true that they would let go at 630-650 for decent profit (minus opportunity cost of investment, lawyer fees, stamp, bank interest charges serviced thus far and penalty). But if the owners' push factor for purchase was cos they love the development and originally intended it for homestay...hmmm tough choice!
over time, more will learn that the property market today is DIFFERENT from 2 years ago. if RT was launched today, what do you think they will be selling at? definitely NOT $500+psf. once buyers hv accepted that there has been a structural change to the property market, RT will have no problem reaching $800psf.... maybe not in the next few months but just a matter of time. not an impossibility.
Heard that Hong Leong gardens at west coast is launching at $900psf. Wow!
New benchmarks everywhere!
can you imagine the asking price of Gillman Heights? At least $1500psf.
HPL is invloved in this project so I don't expect them selling below $1K psf. Should set a new benchmark for 99yr in that area.
HT
I would say this is a pretty accurate assesment of the current market sentiments for RT.
You must have done quite abit of homework
Raintree price will go pass $700-$800 psf. The price can only go upward as TOP is drawing nearer. Gardenvista has already got pass $1,000 psf. For raintree owners who let go at $650 psf or below, they were indeed too hasty in action.I would say this is a pretty accurate assesment of the current market sentiments for RT.
You must have done quite abit of homework
At current prices, I would think that these are reasonable.
For RT to go beyond $700psf you would need to be in a crazy market like in 1996.
Will it happen? I think unlikely.
Kovan melody also TOP 3-4mths back. The prices also did not go skyhigh. The prices went up a bit during TOP but that was in tandem with overall property market up trend.
Newbie
Kovan Melody sounds bengish.
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