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Thread: Coastal Breeze Residences (D18, 99 year leasehold, Sustained Land)

  1. #1
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    Default Coastal Breeze Residences (D18, 99 year leasehold, Sustained Land)

    Any views on this? Price about $700+psf.
    What would be a good price for it?
    The location is very near to Downtown east.

  2. #2
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    Freehold? Yes then I guess price is alright.

  3. #3
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    It's a 99yr lease. Even if it's freehold, I wouldn't even think of paying 700+ psf for this side of the world.

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    In light of plunging sales and falling construction costs, and prospect of retrenchment and pay cut, buyers should really expect more .. Below $550 psf than worth considering

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    What $550psf???????? you guys are crazy should go below $450psf......... then it is worth buying.

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    I like that place cos it is quiet and all my friends stay around there. My wife family stay near there too.

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    I totally agree. With the current economic situation, prices of private properties (in the premium areas) have been coming down fast and furious over the past 2 months. I'd rather take a peek there.

    Realistically if you take a look at Bluewater2 (the showroom is just next to Coastal Residences), up till now, the project is not totally sold out and that's a 999 LH. Just imagine if you were to do a resale...how long is it going to take you to do it.

    Anyway, I can understand Allen's situation. Coastal is nice with private lift access and all. I was also tempted to book a unit in 08 stack over the weekend. But when I sat down long and hard, it's really not worth it with the price they're marketing.

    Allen, if you can wait, hold on a liitle longer cuz I'm sure the prices will tumble even further.

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    Thanks for your advise. I think i will wait and meanwhile monitor the situation of the property market.

  9. #9
    Any complaints please PM me

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    Default Coastal Breeze Residences (D18, Sustained Land)

    http://www.businesstimes.com.sg/sub/...20953,00.html?

    Published February 26, 2009

    More mass market projects to launch

    By UMA SHANKARI


    (SINGAPORE) Developers are planning to launch more mass market projects this weekend to take advantage of a recent surge in buying interest.

    Hiap Hoe Group, a niche developer, will officially launch its 118-unit The Beverly, located at Toh Tuck Road, this Saturday. The starting selling price is $648 per square foot (psf), which Hiap Hoe says is an 'attractive starting selling price'.

    'We have designed The Beverly for those looking for affordable, high-quality residential developments in a good location,' said Teo Ho Beng, the company's managing director.

    The Beverly's two, three and four-bedroom apartments range from 1,120 sq ft to 4,187 sq ft, while its double-storey penthouses range from 2,099 sq ft to 3,757 sq ft and are each outfitted with a private roof garden and pool.

    On the other side of the island at Pasir Ris, Sustained Land Pte Ltd will also officially launch Coastal Breeze Residences come this weekend. Two and three-bedroom units at the 63-unit development will sell for $610-$660 psf.

    Sustained Land has sold 13 units in Coastal Breeze Residences since the start of 2008 in a soft launch. The units, which were mostly prime apartments on higher floors, went at an average price of $690 psf.

    The remaining units are mostly three-bedders between 1159 sq ft and 1356 sq ft in size and there are also duplex penthouses. In terms of absolute value, for example, the price for a three-room 1159 sq ft unit starts at $712,000.

    Meanwhile, the UOL Group is expected to launch its 646-unit Double Bay Residences in Simei sometime next week. Market talk has it that the project could be launched at $650-680 psf.

    The three projects are coming hot on the heels of two successful launches earlier this month. Units at Frasers Centrepoint's Caspian condominium near Jurong Lake and Alexis @ Alexandra, a project by joint venture partners Yi Kai Group and Fission Group, sold quickly upon the projects' launches.

    One market insider said that developers are taking pricing cues from each other, and making sure their newly launched projects are priced to sell. 'There is a sense that people will only be willing to buy projects in the $600-plus psf range, and also only units that don't cost too much in total. People don't really want to pay more than $600,000 or $700,000-plus in these times,' he said.

    Developers are also throwing in more upmarket features into their mass market offerings to entice buyers. Each of The Beverly's 118 apartments is served by private lifts that open into the lobby of its interior. UOL's Double Bay Residences will also offer extras such as full-length windows in the kitchen, the company has said.

  10. #10
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    Default We are tempted too!

    Quote Originally Posted by allenng
    I like that place cos it is quiet and all my friends stay around there. My wife family stay near there too.
    My wife and I went down recently to have a look at Coastal Breeze.

    Initially not much feelings for it as the showflat leave much to be desired. Funny layout and Services from Agents were not exactly what you are expecting.

    But we have been looking around for a private property and having considered Livia for quite a while I do think Coastal Breeze is a better buy. As mentioned, private lift access, pool / sea view and exclusivity are all plus points. Given both projects are about the same prices for 3bedrooms.

    Bad points are close to Costa Sands very noisy. Insects and creepy crawlers. Pointed roof of adjacent properties (Loyang Gardens). Bad Feng shui. Looking at sea view unit but was afriad view will be blocked by trees.

    Still thinking. Headache.

    Dunno what are the options.

    Pls feel free to email me @ [email protected] or call me at 91462776 to discuss and share pointers.

    For all you know we all might end up as neighbours.

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