Versilia on Haig - Ipoh Lane

[xebay11]

Balestiar also just as bad, I remember going there looking for lights and saw many chickens around.

[wqmai]

Balestiar also just as bad, I remember going there looking for lights and saw many chickens around.

But I like both area, not because of chicken. But because location not bad and got many places to eat.

[xebay11]

But I like both area, not because of chicken. But because location not bad and got many places to eat.

Both areas are good if you can accept the surroundings

[alxyan]

One of the plus points is the potential from the development of Paya Lebar Central. Hopefully sooner rather than later, Tg Katong Complex, Lion City Hotel and City Plaza will go.

Also the new apartments around e.g. Ritz Regency, Imperial Heights, and Worthington, all will be completed around the same time - after which the area looks unlikely to have new developments over the next few years since all the blocks are so new. Whereas in some developments e.g. The Sea View, residents have to put up with the dust and noise from the new Rose Garden development for the next 3 years from the back, and the pollution and noise of the SilverSea development from the front.

[BIC]

I also quite puzzled about this Tanjong Katong MRT. From what I know, no such MRT. From Paya Lebar MRT, the next one should be Dakota (near Dakota crescent) already before reaching the one at Mountbatten and then comes another at the stadium. However, at Paya Lebar site, whether they will dug an underpass which link the paya Lebar MRT to somewhere nearer to Butterworth lane and Ipoh lane, I got no idea. Maybe it could happened.

Hi wqmail,

Welcome to the thread.

Wow, it would be great if there is such an underpass. Even from Lion City Hotel etc would be good.

Cheers.

[BIC]

I had considered this development before last year, but the high pricing last year and many external factors turned me off...

Have u tried going to the development on Sunday? City Plaza and nearby areas are like a min lucky plaza... full of maids and foreign workers and they are camping on every single open spot they can find...

Another turnoff was the newspaper reports last year of red light district "happenings" at the HDB blocks just opposite the development due to its proximity to geylang.

No doubt there are many positives, mainly being city fringe, but the above two neg factors outweight them for me...

Just my view.

Hi den04,

Welcome to the thread and thank you for your comments.

I believed this is a case of being near enough but also far enough. This is what makes the area so interesting.

If one is staying in a HDB nearby, the fear of security etc would be a concern. However, we will be residing in the comfort of a protected surrounding.

The stretch of Ipoh lane and Butterworth lane will be transformed when all the new condo developements have completed. Will be quite a sight.

Cheers.

[mezo]

I had considered this development before last year, but the high pricing last year and many external factors turned me off...

Have u tried going to the development on Sunday? City Plaza and nearby areas are like a min lucky plaza... full of maids and foreign workers and they are camping on every single open spot they can find...

Another turnoff was the newspaper reports last year of red light district "happenings" at the HDB blocks just opposite the development due to its proximity to geylang.

No doubt there are many positives, mainly being city fringe, but the above two neg factors outweight them for me...

Just my view.

Agree with your comments on City Plaza. I had made a recce of the place on a sunday and was not too pleased. Hopefully, this would change with the "makeover" that may or may not come, and at least, it is restricted to the mall and did not spill into the butterworth condo area.

Last year price (2008) was high. I didnt buy it then too as i thought it wasnt sensible. If u had bought it this year, it would have been a almost 30% discount from 07/08 price.

[mezo]

One of the plus points is the potential from the development of Paya Lebar Central. Hopefully sooner rather than later, Tg Katong Complex, Lion City Hotel and City Plaza will go.

Also the new apartments around e.g. Ritz Regency, Imperial Heights, and Worthington, all will be completed around the same time - after which the area looks unlikely to have new developments over the next few years since all the blocks are so new. Whereas in some developments e.g. The Sea View, residents have to put up with the dust and noise from the new Rose Garden development for the next 3 years from the back, and the pollution and noise of the SilverSea development from the front.

Agree. Think Versilia would be the last in the area to be completed. Cross finger that the small stretch of terrace house remaining dont get enbloc....

Traffic is gonna get crowded and hope it dont become a daily headache...

[Chan F M]

OMG! A small unit at Imperial Heights was sold at $1,150 psf.

[BIC]

OMG! A small unit at Imperial Heights was sold at $1,150 psf.

Hi Chan FM,

Welcome to this thread and thank you for the GREAT news!!

Then the psf for Versilia should be thereabout or higher!!! The good old days are back and lets see whether there will be sub-sale units advert for Versilia soon.

Those bought recently can see rolling good times ahead and those bought earlier in 07/08 can also see light at the end of the tunnel.

Cheers to all.

[Chan F M]

Hi Chan FM,

Then the psf for Versilia should be thereabout or higher!!! The good old days are back and lets see whether there will be sub-sale units advert for Versilia soon.


Cheers to all.

$1,300 psf?

[BIC]

$1,300 psf?

Hi Chan F M,

I nearly fell off my chair!!!

That's a good one.

Cheers.

[Chan F M]

Hi Chan F M,

I nearly fell off my chair!!!

That's a good one.

Cheers.

What is life without hope...?

[mezo]

$1,300 psf?

If its $1300psf, I will sell my unit now....hehehe....

[den04]

Agree with your comments on City Plaza. I had made a recce of the place on a sunday and was not too pleased. Hopefully, this would change with the "makeover" that may or may not come, and at least, it is restricted to the mall and did not spill into the butterworth condo area.

Last year price (2008) was high. I didnt buy it then too as i thought it wasnt sensible. If u had bought it this year, it would have been a almost 30% discount from 07/08 price.

Agree with ur comment on the pricing... I would also consider this development if the pricing is ard $800psf, definitely not above $1k psf. however, if the city plaza and red light district is removed, then its a different story.

The silly agent who served me last year told me..."the developer definitely won't lower the price" Seems like either the agent was lying or the developer had to eat their own words...

Anyways, for this area, besides geylang, butterworth area and dakota area is the best bet already. However dakota area is slightly further from geylang and nearer to the upcoming MRT.

[centrico]

I don't understand why they need to build mountbatten and dakota so close to each other.
It would be nice if they move dakota to tanjong katong
As for the price, maybe somebody should test the market by posting a unit for sale in versilia hehe

[mezo]

Agree with ur comment on the pricing... I would also consider this development if the pricing is ard $800psf, definitely not above $1k psf. however, if the city plaza and red light district is removed, then its a different story.

The silly agent who served me last year told me..."the developer definitely won't lower the price" Seems like either the agent was lying or the developer had to eat their own words...

Anyways, for this area, besides geylang, butterworth area and dakota area is the best bet already. However dakota area is slightly further from geylang and nearer to the upcoming MRT.

I have checked out Dakota Residence too. Both Versilia and Dakota was in my sights but finally i chose Versilia and not Dakota. Its freehold (Dakota 99yrs), link to main East West MRT line (Dakota nearer to Circle line), and cheaper compared (Dakota was nearly $1000psf and lower floor).

The new condo that will be built besides Dakota residence may be a good buy if the developer dont overpay for the land..its up for tendering now. Wait and see....

[alxyan]

Agree. Think Versilia would be the last in the area to be completed. Cross finger that the small stretch of terrace house remaining dont get enbloc....

Traffic is gonna get crowded and hope it dont become a daily headache...

If I dont recall wrongly, according to the latest Masterplan, those landed properties will remain landed properties even if enbloc because of the designated plot ratio of those land parcels.

Also I dont think traffic will be bad - even if you add up all the units in Ritz Regency, Imperial Heights, Worthington and Versilia - it's not even 500 units.

Compared to One Amber alone it's alr more than 500 units. Add The Esta, The Sea View, the new Rose Garden, SilverSea - these are all huge projects -do your maths and omg.

[jc]

If I dont recall wrongly, according to the latest Masterplan, those landed properties will remain landed properties even if enbloc because of the designated plot ratio of those land parcels.

Also I dont think traffic will be bad - even if you add up all the units in Ritz Regency, Imperial Heights, Worthington and Versilia - it's not even 500 units.

Compared to One Amber alone it's alr more than 500 units. Add The Esta, The Sea View, the new Rose Garden, SilverSea - these are all huge projects -do your maths and omg.

Then Novena River Valley & Ardmore area must be "bad" cos all around r high rise condos. But at least these areas including Amber area are not around HDBs...

U forgot to add the HDB household to the Butterworth area...

[xebay11]

Then Novena River Valley & Ardmore area must be "bad" cos all around r high rise condos. But at least these areas including Amber area are not around HDBs...

U forgot to add the HDB household to the Butterworth area...

Reminds me of the Class 95 advertisement......hear only the good things.....same with any property owner on a budget, they only see the good side of their purchase......only the truly rich can buy property with zero compromises.

[BIC]

Then Novena River Valley & Ardmore area must be "bad" cos all around r high rise condos. But at least these areas including Amber area are not around HDBs...

U forgot to add the HDB household to the Butterworth area...

Hi jc,

Welcome to the thread and thank you for your feedback.

Leaving close to HDB also provide some advantages. It will come with amenities like coffee shops, clinics, wet market, convenience stalls etc etc, all at your door-step without the need to drive.

Projects in Amber road area are exclusive but for me, its the convenience to amenities thats important.

Sometimes looking out to the HDB flats from our windows will remind us how fortunate we are staying in a private estate!!

Cheers.

[xebay11]

Hi jc,

Welcome to the thread and thank you for your feedback.

Leaving close to HDB also provide some advantages. It will come with amenities like coffee shops, clinics, wet market, convenience stalls etc etc, all at your door-step without the need to drive.

Projects in Amber road area are exclusive but for me, its the convenience to amenities thats important.

Sometimes looking out to the HDB flats from our windows will remind us how fortunate we are staying in a private estate!!

Cheers.

Amber Road has PP and Marine Parade, so amenities beats a couple of HDB blocks at Haig Road anyday.

[kEN9170]

Hihi, it can be the other way round. Nowsaday, HDB dwellers are very cash rich. They may feel that why people want to pay 2 to 3 times more for a pte apt in the same location as theirs.

Btw, i used to have an apt just one street away from Haig Versilia. A nice place but peak hour traffic along Haig Road can be quite a challenge.

Hi jc,

Sometimes looking out to the HDB flats from our windows will remind us how fortunate we are staying in a private estate!!

Cheers.

[mezo]

Reminds me of the Class 95 advertisement......hear only the good things.....same with any property owner on a budget, they only see the good side of their purchase......only the truly rich can buy property with zero compromises.

Totally agree. There are always some things that one has to compromise when we buy a home, unless you are fabulously rich. For any condo, there will be some points that others will not like. Like in Versilia, others disliked being next to the Haig Road HDB flats, city plaza, etc...the issue is can u compromise and live with the things that are not perfect, otherwise dont buy.

These are some things that i have considered and personally to me, Versilia is one of the most affordable freehold condo(<$850psf) at city fringe, near MRT main line (not circle line).

[cheerful]

Have been hearing this for awhile. Actually wondering why there is such a thing about main or not main line ..... why is circle line not considered as main if it serves a purpose? Moreover, think every line will pass by a couple of major stations rt??

These are some things that i have considered and personally to me, Versilia is one of the most affordable freehold condo(<$850psf) at city fringe, near MRT main line (not circle line).

[jc]

No offence to any owners here... I am not against any HDB dwellers as i used to stay in a 4rm flat in Bedok I just want to correct the flawed argument that just becos an area has the presence of lots of condo, it is crowded n undesirable. Then by that standard, Seletar looks like prime spot n Ardmore, Novena, Cairnhill, Amber, looks inferior.

Prime or not boils down to the the value of the land... Look at it in another way, if the area is undesirable, then i suppose less condo would be built as it is expected to have less demand.

I am not vested in this project. Personally i don't think it is less desirable being near City Plaza, like the way i see Orchard Towers doesn't seem to bring down the value of condos in the vicinity.

In short I guess the purchase px of this project $800+ psf likely reflect the fact of some of the minuses like close proximity to HDB, traffic at Haig Rd, etc.

[jc]

Have been hearing this for awhile. Actually wondering why there is such a thing about main or not main line ..... why is circle line not considered as main if it serves a purpose? Moreover, think every line will pass by a couple of major stations rt??

Is it becos Circle & NE line does not reach the heart of the MRT interchange Raffles Place/ City Hall?

[alxyan]

No offence to any owners here... I am not against any HDB dwellers as i used to stay in a 4rm flat in Bedok I just want to correct the flawed argument that just becos an area has the presence of lots of condo, it is crowded n undesirable. Then by that standard, Seletar looks like prime spot n Ardmore, Novena, Cairnhill, Amber, looks inferior.

Prime or not boils down to the the value of the land... Look at it in another way, if the area is undesirable, then i suppose less condo would be built as it is expected to have less demand.

I am not vested in this project. Personally i don't think it is less desirable being near City Plaza, like the way i see Orchard Towers doesn't seem to bring down the value of condos in the vicinity.

In short I guess the purchase px of this project $800+ psf likely reflect the fact of some of the minuses like close proximity to HDB, traffic at Haig Rd, etc.

When I mentioned Amber Road area has a no of large projects, hence more units, hence congestion may be a more probable problem, relative to Ipoh Lane or Butterworth Lane - the word "undesirable" nor similar meaning was not mentioned nor intended.

[mezo]

Is it becos Circle & NE line does not reach the heart of the MRT interchange Raffles Place/ City Hall?

U are right. In my case, the "main" line is arbitrary defined as those that connect to the city area, which is the North South and East West line.

Personally I would prefer one on the main line compared to another station on the NE line (with all else being equal). Others may not agree as pointed out that all MRT stations are the same since they are connected.

This is a subjective point. U may or may not agree with my view but do note that there are people of this view when u consider buying a place near MRT.

[BIC]

No offence to any owners here... I am not against any HDB dwellers as i used to stay in a 4rm flat in Bedok I just want to correct the flawed argument that just becos an area has the presence of lots of condo, it is crowded n undesirable. Then by that standard, Seletar looks like prime spot n Ardmore, Novena, Cairnhill, Amber, looks inferior.

Prime or not boils down to the the value of the land... Look at it in another way, if the area is undesirable, then i suppose less condo would be built as it is expected to have less demand.

I am not vested in this project. Personally i don't think it is less desirable being near City Plaza, like the way i see Orchard Towers doesn't seem to bring down the value of condos in the vicinity.

In short I guess the purchase px of this project $800+ psf likely reflect the fact of some of the minuses like close proximity to HDB, traffic at Haig Rd, etc.

Hi jc,

No worries and thanks for your true comments.

As the owners in Versilia are aware, this place is a hidden gem. Like all things hidden, it will have to be slowly uncovered. ha ha ha.

Everyone knows about the value in Amber area already which is why the popularity, even in the sub-sale market.

We hope the same will happen in the Ipoh and Butterworth lane area.

If it happens, all the owners here will be happy, money-wise. If it doesn't, we went in eyes-open and will have to manage our own expectation!!

Cheers.