Vista Residences (D12, Freehold, Far East Organization)

[azeoprop]

So what kind of pricing (total cost) are we looking at for a 1 bedroom or 2 bedroom unit? (the cheapest one left)

[yokoosi]

at least 1000psf. easily above a million for 3 bedders

[BenziT77]

1.2 mil for a 3 bed room.

[yokoosi]

is it really worth the money? the prices not only seems to holding but is also going up. sigh

[azeoprop]

1.2 mil for a 3 bed room.

Wow!...Sorry no money haa haa....

[wskua]

officially launched today....

[Sea]

For updating of avil of units,

Do contact me at 90686016

Thanks

[jonleelk]

1.2 mil for a 3 bed room.

Better than AS. D3 99LH. 1.2M for a 2 bedder.

For once, FEO's project looks "cheap".

[cheerful]

Better than AS. D3 99LH. 1.2M for a 2 bedder.

For once, FEO's project looks "cheap".

AGREE ... WT can beat FEO hands down for this one lor ... lol

[wskua]

go see this evening.. wonder how is the take up rate...

[bargain hunter]

yeah, do update us on how well the sales are going.

go see this evening.. wonder how is the take up rate...

[Sea]

For Updating of stacks info

Feel free to sms 90278987

[mr funny]

http://www.businesstimes.com.sg/sub/...91940,00.html?

Published June 30, 2009

Robust private home sales in June

But it is too early to call a recovery, cautions OCBC Investment Research

By UMA SHANKARI


(SINGAPORE) Private home sales stayed strong in June.


Freehold property: Artist's impression of Vista Residences; Far East Organization's Mr Chia says that buyers are mainly Singaporeans and there is strong interest from young professional managers, teachers and civil servants

Far East Organization sold 74 apartments in its 280-unit Vista Residences at a private preview last weekend, the developer said yesterday.

And Frasers Centrepoint said that it has fully sold two of its projects - the 330-unit 8@Woodleigh and the 110-unit Woodsville 28. Homes at 8@Woodleigh went for an average of $790 per sq ft (psf), while units at Woodsville 28 sold for an average price of $775 psf.

8@Woodleigh was launched just two weeks ago. Woodsville 28 was launched in July 2008 but most units languished until the buying momentum returned to the market this year.

Over at the freehold Vista Residences - on Jalan Dusun and Jalan Datoh at the corner of Thomson Road - prices start at $960 psf. The project will be officially launched tomorrow, but Far East released 88 units at a weekend preview, and 85 per cent of them were snapped up.

'Buyers are mainly Singaporeans and there is particularly strong interest from young professional managers, teachers and civil servants who are buying to occupy,' said Chia Boon Kuah, chief operating officer of Far East Organization's property arm.

While units at Vista Residences have sold for more than homes in the nearby The Arte - a City Developments project where units were launched at an average price of $880 psf in March - the difference in pricing is due to the difference in unit sizes and floor plans, analysts say.

'Vista Residences offer smaller size units that command higher psf pricing and also smaller balcony space than The Arte,' OCBC Investment Research analyst Foo Sze Ming said in a note yesterday. 'As such, we caution that the strong buying momentum at higher psf pricing for the new launch should not be viewed as a new uptrend for property prices.'

Mr Foo said that it is too early to call a recovery in the property market. 'We remain unconvinced by the recent 'recovery' in the physical property market,' he said.

'We believe buying strength over the recent weeks could have been driven by the spillover effect from earlier pent-up demand that drew cash rich local investors back into the market. In our view, potential catalysts for price increase will have to come from an inflow of foreign funds into the property market, as well as a pick up in employment opportunities.'

Foreign funds were the driving force of the property boom in 2007, but have not come back to the market in a big way.

Looking ahead, more mass-market and mid-market launches are expected in the coming weeks, including Oasis@Elias, a 388-unit, 99-year leasehold project at Elias Road by Chip Eng Seng, and The Gale, a 329-unit, freehold project at Flora Road by Tripartite Developers.

[tiks]

I finally went to see Vista Residences on Sunday. Some observations:

1. Pricing: 10-15% higher than Arte. Even the 14th flr 3+1 1288 sqf was going at above 1100+. What a change in just a couple of months/weeks! The CDL folks must be wishing they had priced their units higher
2. Finishing: the finishing is definitely a poor cousin compared to the Arte. The marble in the living are were in cheaper small slabs size. The toilets were also a let down compared to the Arte
3. Layout: the living & dining area were tiny and the balcony is huge. The dry kitchen really eats into the living area space.
4. Facilities: I like the villas with private dip pool (which you can book) and there is much more swimming areas than any other devpt in the area. It feels more like a old style full-condo

The interesting thing is that they are NOT selling the 1400+ units (which I am keen on) till closer to TOP. Wor, they much be thinking that they can make a killing when the economy recovers. Are we going to see Novena prices in Balestier?

[jonleelk]

The interesting thing is that they are NOT selling the 1400+ units (which I am keen on) till closer to TOP. Wor, they much be thinking that they can make a killing when the economy recovers. Are we going to see Novena prices in Balestier?

Very typical FEO...

[yokoosi]

i doubt they are selling well. Overpriced. Have been receiving calls for FEO sales executive...i suspect it is going to end up like the Floridian.

[jitkiat]

i doubt they are selling well. Overpriced. Have been receiving calls for FEO sales executive...i suspect it is going to end up like the Floridian.

Last heard, only 1 2br left in the released 180+ units.

[tiks]

I think FEO by raising the psf , they might be pricing a lot of buyers out - I think even for people buying city fringe there's a quantum threshold of about 1.2 to 1.3 mil .... But then again, there are a lot of cash rich people out there thinking that they missed the bottom

[sleek]

http://www.channelnewsasia.com/stori...441252/1/.html

More than 70 per cent of the 182 apartments released for sale at Vista Residences have been sold within a week of its launch.

The 280-unit development in Balestier offers one-bedroom units and penthouses ranging from 617 square feet to 2,575 square feet.

Prices started at S$960 per square foot and the average selling price was S$1,070 per square foot.

The 130 apartments taken up were mostly bought by Singaporeans, with three in four buyers locals.

Developer Far East Organization said about half of the buyers are HDB upgraders.

Despite the encouraging sales, Far East said there are no immediate plans to release the remaining apartments on the 24th to 36th floors

However, it will launch another property, Silversea, this weekend.

Silversea is located at Amber Road, one of the last available plots in East Coast.

It is a few minutes' drive from New Downtown at Marina Bay and Changi Airport.

The 21-storey high development promises a good view of the central business district and the South China Sea.

The 383-unit development will offer two-bedroom units and four-bedroom penthouse units ranging from 968 square feet to 4962 square feet, with prices starting from S$1,300 per square foot.

[Geylang OKT]

They try to make Silversea sound like its the last piece of land up for grabs in East Coast. Well..... BULLSHEET.... there is always the good old ex Rose Gardens huge plot of land at Amber Road that has not even be launched yet.

[Geylang OKT]

Very typical FEO...

Well.... they can keep the units till nobody wants them anymore, like those "premium" units but of leasehold tenure over at Hillview Regency.

Luckily Balestier area boasts of FREEHOLD land

[bargain hunter]

no lah, still got 17 year old premium units at orchird park for sale you know? that is probably the record for far east. anyway many of their developments still will have units for sale be it 17 year old or 3 year old 99 year leasehold completed far east projects.

Well.... they can keep the units till nobody wants them anymore, like those "premium" units but of leasehold tenure over at Hillview Regency.

Luckily Balestier area boasts of FREEHOLD land

[mogyi]

another city fringe priced at CCR ...
i think i gona stay in JB very soon

singapore is indeed the world NO 10
most expensive city to live in.

[nig]

Pool view units at Vista



Garden Vista above the car park




Overall view of the development

[Easting]

balestier also selling 1000+psf. this is not city or east coast! kaoz!!
waste of money

[august]

carpark is multi story one ah?

[bargain hunter]

copy hdb's concept leh, multi storey carpark with garden on top of it.

carpark is multi story one ah?

[Newbie Homebuyer]

Any news on the sales? Quite quiet recently ... no more buying?

[wskua]

think last week update is sold 130 units... high floor not launched...

[nig]

I have just attended a Vista Residences Party last Friday. Currently, only the units below the 23rd floor are released for sale. FEO are keeping those units above the sky terrace for release at a later date. At this point in time, all the 2 bedders are sold. For the one bedder, only two units (19th and 22nd) are unsold.