Newbie
Originally Posted by lancelot
In all honesty, now that the government has use a stick to wack the head of the RE investor/ speculator, there better be some effect or reduction in the pace of growth. If it continue to rise at rubber burning speed, instead of a stick, MBT will use a baseball bat... then it would be worst.
Any complaints please PM me
http://www.straitstimes.com/Money/St...ry_432753.html
Sep 22, 2009 Tuesday
Private homes still seeing high demand
Cooling-off measures had little impact on weekend's sales
By Jessica Cheam
DEMAND for private homes remained strong over the weekend despite measures announced by the Government last week to take the froth off the market.
Property developers CapitaLand and Hotel Properties said yesterday that 233 units - or 65 per cent - of 360 units launched at The Interlace project, at the former Gillman Heights site in Alexandra Road, were sold in the past week.
A wide range of units from two-roomers to penthouses were sold at a price range of $850 per sq ft (psf) to $1,150 psf.
Guocoland, which held a preview launch of its freehold 119-unit Elliot At The East Coast project over the weekend, sold 45 - or 75 per cent - of 60 units launched at an average price of $970 psf.
At the upper-mid segment of the market, buyers snapped up another 5 per cent, or 14 units, at Singapore Land's 289-unit Trizon At Mount Sinai over the weekend.
The project, at the site of the former Himiko Court, is now 70 per cent sold at a price range of $1,300 to $1,500 psf.
The long weekend's sales seem to indicate that buying interest has not been dampened by the Government's moves to cool the market, which include scrapping the interest absorption scheme (IAS) and restarting confirmed list land sales in the first half of next year. The IAS allowed buyers to put a down payment and defer the bulk of the purchase payment until the project was completed.
Guocoland's spokesman told The Straits Times that fewer than 10 per cent of its buyers, four out of 45, took up the IAS, which adds another 2 per cent premium to the sale price. Elliot at the East Coast was approved for the IAS before the Government banned the scheme.
'Feedback from buyers indicates that they are not overly concerned with the Government's cooling-down measures, and are confident of the long-term capital appreciation potential for well-designed properties in ideal locations,' said the spokesman.
At The Interlace, however, CapitaLand decided not to offer the IAS despite having approval for the scheme.
Still, even without the scheme, 'home buyers have shown such strong support for The Interlace', said CapitaLand Residential chief executive Patricia Chia. The project's design by the Office for Metropolitan Architecture was a compelling draw for many buyers, she added.
The 1,040-unit project, which offers 807 to 5,877 sq ft units, saw a steady stream of visitors at its temporary River Valley Road sales office over the weekend, said CapitaLand.
At Trizon, it was a similar scenario with sales momentum continuing over the weekend as the IAS was never offered for this project, said a Singapore Land spokesman. Prices for all three projects were as indicated by developers before the Government's move.
Industry observers note that buying interest could have been boosted by buyers who emerged after the Hungry Ghost Festival ended prior to the weekend.
The property market typically goes into a lull during this period as many Chinese consider it inauspicious to make housing commitments at this time.
Ngee Ann Polytechnic real estate lecturer Nicholas Mak said he was not surprised by the weekend's turnout, adding that buyers supporting the market now are owner occupiers or long-term investors. As a premium is added to the sale price for the IAS, it was not very popular to begin with, so the government move has not had such a big impact, he noted.
'Of course, pure speculators would have been weeded out now, so sales numbers for this month might be lower because of the measures,' he said.
Home buyer J. Soh, 35, who visited The Interlace sales office yesterday, said the recent measures have not affected his buying appetite. 'I'm looking for a home to live in, and was drawn to the project's creative design. If I find a unit I like, I'll buy it regardless of the new rules,' he said.
Another buyer, Ms Sarah Tan, a 39-year-old marketing executive, said she was interested in buying a private property, but that 'prices have shot up a bit too high in recent months'.
'I fully support the Government's cooling-off measures. I hope that they deter speculators from pushing up prices so people like me can still afford a home,' she said.
[email protected]
A quick sales tally
# THE INTERLACE at the former Gillman Heights site
In the past week, 233 units, or 65 per cent, of 360 units launched were sold.
# ELLIOT AT THE EAST COAST
Over the weekend, 45, or 75 per cent, of 60 units launched were sold.
# TRIZON AT MOUNT SINAI
Another 14 units were sold over the weekend, and the project is now 70 per cent sold.
Senior
EXCELLENT!
From BT,
"Sales at projects that have been on the market longer have tapered off. For instance, NTUC Choice Homes last week sold five units at its 99-year leasehold Trevista condo in Toa Payoh bringing total units sold to 478 units in the 590-unit condo.
So far this month, the developer appears to have sold 65 units. The average price currently is $935 psf, higher than $898 psf initially. The price premium for IAS buyers is 2 per cent. So far 21 per cent of the total 478 units sold have been on IAS.
Far East Organization sold 24 units last week at its various projects across the island. Its top selling projects were Waterfront Keys and Waterfront Waves in Bedok, Floridian in Bukit Timah, and Mi Casa in Choa Chu Kang.
BT understands several other projects on the island saw sales of just one or two units over the weekend. Meadows @ Peirce is said to have seen sales of two units and Trizon in the Mount Sinai area, just one unit."
F01 N54 Sheer Driving Pleasure
I think he has forgotten to pay his subscription to The Business Times. That's why he received only half of the article.
Let me help him to post the full article here:
Hundred Trees defies market chill elsewhere
Sales taper off at many projects as cooling measures start to seep in
Kalpana Rashiwala
The Business Times
Tuesday, 29 September 2009
City Developments Ltd (CDL) sold a whopping 316 units last week at its Hundred Trees condo in the West Coast, a quarter of them on interest absorption scheme (IAS). Demand for most other projects, however, seemed to falter.
'Hundred Trees is amongst the last few developments where buyers may opt for IAS,' CDL noted in its press release yesterday. The developer has raised the 956-year leasehold condo's average price from $895 psf initially to about $910 psf. Those who buy on IAS pay a 2.5% price premium.
It was a different story elsewhere as house-hunters ponder the implications of the Sept 14 measures by the government to cool the market. These include scrapping IAS and restarting confirmed list government land sales in first half 2010.
One property consultant even hazarded a guess that 'a pull-back in demand of 10% is not unrealistic'.
BT understands that CapitaLand and its partners last week sold fewer than 20 units at The InterLace condo which will be developed on the Gillman Heights site, after selling 233 units the preceding week. No IAS is being offered for the 99-year leasehold condo.
Analysts point out that the project's pricing is also not compelling. Prices range from $850 to $1,150 psf though market watchers say that on average, the price is about $1,000 psf. The project's unique design may appeal to some but not others, they added.
InterLace also does not have any one-bedroom units, which typically involve a lower lump sum investment and tend to sell off fastest in projects, a market watcher said.
In the Marine Parade location, GuocoLand sold another 21 units at its freehold Elliot At The East Coast project last week. This brings total units sold to 66 units. The developer has released 80 of the total 119 units in the five-storey project at an average price of $970 psf. It is offering IAS in exchange for a 2 per cent price premium. So far four buyers have taken up the scheme. GuocoLand began selling the condo on Sept 19.
Sales at projects that have been on the market longer have tapered off. For instance, NTUC Choice Homes last week sold five units at its 99-year leasehold Trevista condo in Toa Payoh bringing total units sold to 478 units in the 590-unit condo.
So far this month, the developer appears to have sold 65 units. The average price currently is $935 psf, higher than $898 psf initially. The price premium for IAS buyers is 2%. So far 21% of the total 478 units sold have been on IAS.
Far East Organization sold 24 units last week at its various projects across the island. Its top selling projects were Waterfront Keys and Waterfront Waves in Bedok, Floridian in Bukit Timah, and Mi Casa in Choa Chu Kang.
BT understands several other projects on the island saw sales of just one or two units over the weekend. Meadows @ Peirce is said to have seen sales of two units and Trizon in the Mount Sinai area, just one unit.
A seasoned property consultant said: 'The market had cooled off slightly even before the Sept 14 measures as price resistance set in after rapid price increases between May and August. People throng showflats of newly released developments, looking for the best units and buy what they can afford. After that, it can be a slow climb in terms of sales volume.'
Most developers and agents have been arguing that the removal of IAS will not make a big dent on home sales as only a minority of buyers in projects where it is offered at a price premium have been taking up the scheme in recent months.
'However, it is not the removal of IAS but the overall message, that the government is monitoring the market closely and ready to do more if necessary, that is having a psychological impact,' reckons DTZ's South-east Asia research head Chua Chor Hoon.
'The Sept 14 package was a warning to market participants and a reminder to potential buyers to be careful,' she added.
A property agent told BT that some people have walked away from buying units in new condos from developers recently as prices at some just-completed developments nearby or projects which are nearing completion are about 20% less in some instances.
CDL said yesterday that 85% of Hundred Trees' buyers were Singaporeans.
'There was a balanced mix of HDB upgraders and buyers who hold private property addresses,' it added. All 22 one-bedroom units, priced from $500,000, and 66 two-bedroom apartments, priced from $701,000, have been sold,' it added.
All six penthouses costing between $2.4 million and $2.6 million have also been taken up. So far, CDL has soft launched 350 of Hundred Trees' total 396 units.
It will release the remaining units this weekend, when it does an official launch, involving an ad campaign.
F01 N54 Sheer Driving Pleasure
面积不到500平方英尺 迷你公寓销量今年创纪录
吴慧敏
联合早报
星期三, 7-9-2009
越小的单位越好卖。今年来小型单位公寓在本地楼市掀起一阵抢购热潮，截至9月份发展商已经卖出了412个面积不到500平方英尺的“迷你”单位，打破历来最高水平。
世邦魏理仕（CB Richard Ellis）的数字显示，1995年整个市场只有一个面积小于500平方英尺的单位成交。但随着楼价的攀升，人们对小型单位的接受程度也逐渐提高，到了2006年，已有171个迷你单位成功在这年内找到买家。
过去四年，迷你单位的成交量逐年升高。2007年楼市进入高峰期，迷你单位的成交量也跃增60％至275个单位。到了2008年，楼市虽然陷入低潮时，整个市场成交的新私宅单位由超过1万个单位剧跌至4264个，但迷你单位的成交量仍然逆流而上，达到299个。
今年虽然还有三个月才结束，但迷你单位的成交量已经再攀高峰，达到412个。至于面积介于500至800平方英尺的小型单位，成交量也高达908个。
房地产交易活跃 迷你单位销售火热
世邦魏理仕执行董事李晓和说：“过去几个月的交易异常活跃，其中一大部分的销售热度来自这些迷你单位。发展商虽然在2009年推出更多迷你单位，但它们往往都在推出的极短时间内被买家抢购一空。”
例如今年二月推出的Alexis，尺价虽然不低（约1100元），但仍然在当时淡市中卖个满堂红。这个项目的多数单位，面积都偏小，介于400平方尺（一卧房）至650平方尺（二卧房）之间，售价介于45万到65万元。
Alexis的销售报捷马上吸引了一些发展商跟风，纷纷改换设计图，将原本较大的单位改成较小面积。例如力宝集团的经禧路公寓The Laurels原本计划建造145个单位，但后来却改成290个较小的单位。
据了解，新加坡置地的Trizon原本也只是计划建造190个单位，但最近推出时却已经改为289个单位。
上个星期，位于芽笼的Suites @ Guillemard，也在推出的第一天就火速卖出80％的单位。这个项目最大的卖点是，最小的单位只有258平方英尺，也就是大约六张半乒乓桌大小，相信是本地至今最小的公寓单位。
虽然这些单位的尺价高达1288元至1450元，但由于单位价介于38万元至55万元，容易负担，所以很快就被买家扫光。这个价位也突破了芽笼一带所有项目的尺价，几乎可以媲美纽顿一带的水平。
李晓和指出，最近推出的一些新项目，甚至将顶层豪宅（penthouse）的面积设计得只有800至1200平方英尺，跟一般家庭式单位差不多，而不是传统的超大面积。
对于这样的一个潮流是否可以持久，李晓和语带保留：“一旦这些项目完工，原本打算买来自住的人得考虑他们是否能够在这种较小型的单位住得习惯？”
“至于那些买来投资的人，也必须想想，谁会向他们租用这些房子？虽然有些单身的外籍专业人士或者单身的本地雅皮士可能觉得这种房子符合他们的生活方式，不过这类族群的人数是否足够填满这类单位，至今还是个未知数。”
自1995年来，发展商已经卖出了1306个面积小于500平方英尺的迷你单位。至于面积介于500至800平方英尺的小型单位，过去十四年来则总共卖出了6193个。
Newbie
hmmm like quiet down a lot?
F01 N54 Sheer Driving Pleasure
Quiet but steady like a TT?
Senior
shouldn't u take the median price?
Newbie
LOL! Must have been reading different kind of fairy tale.
F01 N54 Sheer Driving Pleasure
Too bad! TT missed high of $1,570 psf by just $50 psf.
Newbie
Fancy living with the nouveau riche of Singapore? Having an address at Mount Sinai?
The TRIZON is a new exciting development that offers more than an exclusive residence. It offers a great investment opportunity - for both local Singaporeans and expatriates! Yes, foreigners are welcome to purchase a piece of this little heaven in Singapore. Whats more - you don't have to pay a single cent in brokerage fee towards the brokering agent. In fact, I will better it. Let's meet, consider this investment, let me show you around and if you do invest in this - you will get free airline tickets or free petrol vouchers (on top of the fact that I will go my extra length to assist in your move) (terms & conditions apply).
So check out the details:
a. Tenure: FREEHOLD
b. Expected date of physical completion: 2013
c. Expected date of legal completion: 2016
d. Recreational activities: lap pool, children's pool, children's waterplay area, sundeck, entertaintment pavilions with private pool, chidren's playground, multipurpose court, entertainment deck with BBQ station, landscape spa alcoves with jacuzzi, infinity reflective pool, mediation deck, jogging track, outdoor fitness stations, multipurpose function room, gymnasium and steam rooms (the features are so good that it is literally self-contained!!)
e. 289 Units (but snapping up fast!!): 2 bedroom, 2+study, 3 bedroom, 4 bedroom, Penthouse!
So what are you waiting for!? Call me at 91119432 (Aidil, Knight Frank) to discuss this great investment opportunity.
Newbie
Fancy living with the nouveau riche of Singapore? Having an address at Mount Sinai? Call me at 91119432!
The TRIZON is a new exciting development that offers more than an exclusive residence. It offers a great investment opportunity - for both local Singaporeans and expatriates! Yes, foreigners are welcome to purchase a piece of this little heaven in Singapore. Whats more - you don't have to pay a single cent in brokerage fee towards the brokering agent. In fact, I will better it. Let's meet, consider this investment, let me show you around and if you do invest in this - you will get free airline tickets or free petrol vouchers (on top of the fact that I will go my extra length to assist in your move) (terms & conditions apply).
So check out the details:
a. Tenure: FREEHOLD
b. Expected date of physical completion: 2013
c. Expected date of legal completion: 2016
d. Recreational activities: lap pool, children's pool, children's waterplay area, sundeck, entertaintment pavilions with private pool, chidren's playground, multipurpose court, entertainment deck with BBQ station, landscape spa alcoves with jacuzzi, infinity reflective pool, mediation deck, jogging track, outdoor fitness stations, multipurpose function room, gymnasium and steam rooms (the features are so good that it is literally self-contained!!)
e. 289 Units (but snapping up fast!!): 2 bedroom, 2+study, 3 bedroom, 4 bedroom, Penthouse!
So what are you waiting for!? Call me at 91119432 (Aidil, Knight Frank) to discuss this great investment opportunity.
Junior
what is the promotion about?
Senior
you can have a nice condo but once it is in the middle of nowhere n neither here nor there, it is a waste of time.
F01 N54 Sheer Driving Pleasure
Some buyers have lodged their caveats.
Here are some recent ones:
The Trizon
Address ........................... psf .............. Area ........... Price ........... Contract Date
8 Ridgewood Close #04-10 .... $1,417 psf .... 1,044 sqft .... $1,479,000 ...... 4 Dec 09
8 Ridgewood Close #20-10 .... $1,523 psf .... 1,044 sqft .... $1,590,000 .... 12 Nov 09
6 Ridgewood Close #15-08 .... $1,352 psf .... 1,894 sqft .... $2,562,000 ...... 2 Nov 09
Senior
is it true ? ng teng fong died ?
Junior
Singapore property tycoon Ng Teng Fong dies
Posted: 02 February 2010 1156 hrs
SINGAPORE: Singapore billionaire property tycoon Ng Teng Fong has died.
Family friends have confirmed that the 81-year-old tycoon died on Tuesday.
Mr Ng and his family owns Singapore property developer Far East Organization and Hong Kong's Sino Group.
He was ranked Singapore's richest man in 2009 by Forbes magazine. His family net worth was estimated at US$8 billion in 2009, according to Forbes.
Mr Ng was said to have made his fortune on the property market, and owned at least a quarter of Singapore's housing market.
Far East Organisation developed more than 700 hotels, malls and condominiums in Singapore and Hong Kong, and owns Singapore's Fullerton Hotel.
Mr Ng was also one of Hong Kong's largest real estate developers. He was known for his frugal lifestyle, and till his death, still lived in his home of 30 years, off Dunearn Road.
Mr Ng had six children. His older son, Robert, and younger son, Philip, are in charge of the Hong Kong and Singapore businesses, respectively.
- CNA/sc
Junior
going by a certain old man's logic all Far East projects will become worthless!
Senior
is trizon a sold out project ???
why do i see the last caveat in dec 09 with 1417 psf transaction ,,.
and yet agents are advertising 1195 sqft FROM 1250 psf up ?
meaning still can get at 1250 psf ??
Senior
according to showflat agents, trizon has takeup rate of 60%. I went down to the showflat and must say the finishings were very impressive, with the Lladro toilet fittings and beautiful marble tiling in the toilets. Interior is definitely luxury which is why they are currently priced at 15xxpsf. I however find the area in a lousy part of D10 and nothing much to scream about other than the serene and peaceful surroundings. the project booklet is by far the best i have ever seen and marketing agents spend a lot to print those hardbacks to introduce the project. In comparing nearby projects, I still think Parvis is the best in terms of location and project as a whole...
Senior
but why is agent advertising 1200 ish psf for trizon ?
Senior
12xxpsf are for those mega units (more than 2xxxsf) with huge pes areas. 15xxpsf are for those 990sf 2 bedders and the psf reduces as the unit gets bigger.
Newbie
It is relaunched, at a higher price over last weekend. I went to take a look, very thin crowd.
F01 N54 Sheer Driving Pleasure
The Trizon has a nëw hïgh of $1,590psf!
Private Residential Units Sold in the Month of March 2010
Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
The Trizon ....... CCR ....... 146 ....................... 5 ........................... 1,590 ........... 1,478 ........... 1,310
Newbie
too hot to handle
http://www.flickr.com/photos/thekiwi/4690503060/
Newbie
This development doesnt seem very popular. 2 years out from launch and is still not yet sold out.
Junior
This is a very nice project and I like it very much.
The drawback is the double volume of the master bedroom, and the strata area is counted as twice.
Problem to hang curtain and window cleaning.
Exalted
quite nice...this projects is more for self stay rather den investment rite?
Senior
my wife loves this project ... i dunno why
but i didnt buy ... cos i rather buy a landed in that area ..
she thinks it will be popular next time among expats ..
she says it will be the only NEW condo there with big land ... expats will like it ..
Ridgewood, Pandan V both have big land but very old ...the other new condos have small plots..
she may be right ...
Exalted
looks like u r the MAN ....u calling the shots....hehe
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