i think he should get those ugly looking warts on his face removed ...
Originally Posted by proud owner
Senior
i think he should get those ugly looking warts on his face removed ...
F01 N54 Sheer Driving Pleasure
No biggie!
If more-than-11-year-old former-EC in District 18 can break high, surely WRQ can too.
Senior
no lah ... maybe his ang mo wife likes the warts leh ...
or maybe those arent warts .. but his facial nipples ... his pleasure points
F01 N54 Sheer Driving Pleasure
Again, no biggie!
If EC can break high, why shouldn't a full condo like Simei Green?
Park Green in District-19 Sengkang is one such EC that brökë hïgh very recently.
How I wish I am vested in Simei Green or Park Green or Nuovo or .....!
Copyright © 2010
Reporter, CONDOsingapore.com
It looks like the Battle of the ECs has continued. Each EC has been working hard to break its last high.
- Almost-10-year-old The Rivervale (TR) hit $580 psf in October 2009.
- Going-6-year-old Nuovo hit $674 psf in December 2009.
- TR's neighbour, the going-6-year-old Park Green hit $591 psf in December 2009. That is $11 psf higher than TR!
- As a reference, going-12-year-old former-EC Simei Green hit $653 psf in January 2010.
Park Green
Address ........................ psf ............. Area ........... Price .......... Contract Date
8 Rivervale Link #13-15 ..... $591 psf ..... 1,184 sqft .... $700,000 ..... 15 Dec 09
The Quartz's owners must be feeling lucky with strong price support from its neighbouring EC's - The Rivervale and Park Green.
Unfortunately I am not vested!
Copyright © 2010
Reporter, CONDOsingapore.com
F01 N54 Sheer Driving Pleasure
Nëw hïgh for The Floravale EC in District 22 and Lilydale EC in District 27 too.
If only I have bought any one of or both of them!
Copyright © 2010
Reporter, CONDOsingapore.com
Junior
The $1M HDB becoming a reality earlier than expected?
S$ 990,000 Negotiable | 3 beds | HDB Type 5A
1,313 sqft / 122 sqm | S$ 754.00 psf (built-in)
For SALE-5 room point block, Marine Terrace
High floor, panoramic seaview!!
BE CENTRED BY ALL AT THE FRINGE OF THE CITY @
New Launch Project Specialist
That view is not from very high floor view to begin with and secondly, that circa HDB flats cannot see any view if you are sitting down in the living room, you have to stand in order to see any seaview, due to the tiny, tiny living room windows, how to truly enjoy sea views?The $1M HDB becoming a reality earlier than expected?
S$ 990,000 Negotiable | 3 beds | HDB Type 5A
1,313 sqft / 122 sqm | S$ 754.00 psf (built-in)
For SALE-5 room point block, Marine Terrace
High floor, panoramic seaview!!
Anyway, good luck to the seller, for private property owners, high HDB prices would just be fuel to push up private property prices.
Senior
If the flat is 5 yr old, maybe some idiots will consider, but for the age of the unit and the asking, it is ridiculous...
The $1M HDB becoming a reality earlier than expected?
S$ 990,000 Negotiable | 3 beds | HDB Type 5A
1,313 sqft / 122 sqm | S$ 754.00 psf (built-in)
For SALE-5 room point block, Marine Terrace
High floor, panoramic seaview!!
Junior
The Straits Times
Feb 1, 2010
Tg Pagar is next Marina Bay
The Economic Strategies Committee (ESC) has suggested the Government redevelop the port land at Tanjong Pagar, Keppel and Pulau Brani into a new waterfront city. -- PHOTO: URBAN REDEVELOPMENT AUTHORITY
EVEN before Singapore's Marina Bay is completed, the next iconic development has been identified by the Economic Strategies Committee (ESC) - Tanjong Pagar.
Senior Minister of State Grace Fu said on Monday that the port could be transformed 'into a another Marina Bay and it can offer immense opportunities to support future growth'.
This is an example of the 'bold and imaginative urban planning and redevelopment' that the ESC report said is necessary to develop the infrastructure necessary to provide 'the highest quality of life in Asia'.
The port's lease is up in 2027.
'We have to make more efficient use of our land, to maximise optimise its economic value and preserve a sense of space in our residential neighbourhoods,' said the report, released on Monday.
'We must also expand our land bank. by investing in the creation of underground space, especially around our transport nodes,' it added.
The end-goal of such infrastructure development is to position Singapore as a global city.
'Being a global city and a meeting point in Asia for enterprise, talent, cultures and ideas, will be a source of competitiveness and growth in its own right.' said the report.
F01 N54 Sheer Driving Pleasure
Err ... some people are a little unhappy about your 5-room asking price leh.The $1M HDB becoming a reality earlier than expected?
S$ 990,000 Negotiable | 3 beds | HDB Type 5A
1,313 sqft / 122 sqm | S$ 754.00 psf (built-in)
For SALE-5 room point block, Marine Terrace
High floor, panoramic seaview!!
5-room Marine Parade HDB flat asking for nearly S$1 million
Correspondent
Temasek Review
Monday, 1 February 2010
The day when HDB flats will cost no less than $1 million may be closer than what Singaporeans think.
A property agent has put up a 5-room HDB flat in Marine Parade for sale at a shocking price of $990,000 on an internet property portal:
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Junior
excellent! hopefully by then can upgrade to a nice waterfront landed.
The Straits Times
Feb 1, 2010
Tg Pagar is next Marina Bay
The Economic Strategies Committee (ESC) has suggested the Government redevelop the port land at Tanjong Pagar, Keppel and Pulau Brani into a new waterfront city. -- PHOTO: URBAN REDEVELOPMENT AUTHORITY
EVEN before Singapore's Marina Bay is completed, the next iconic development has been identified by the Economic Strategies Committee (ESC) - Tanjong Pagar.
Senior Minister of State Grace Fu said on Monday that the port could be transformed 'into a another Marina Bay and it can offer immense opportunities to support future growth'.
This is an example of the 'bold and imaginative urban planning and redevelopment' that the ESC report said is necessary to develop the infrastructure necessary to provide 'the highest quality of life in Asia'.
The port's lease is up in 2027.
'We have to make more efficient use of our land, to maximise optimise its economic value and preserve a sense of space in our residential neighbourhoods,' said the report, released on Monday.
'We must also expand our land bank. by investing in the creation of underground space, especially around our transport nodes,' it added.
The end-goal of such infrastructure development is to position Singapore as a global city.
'Being a global city and a meeting point in Asia for enterprise, talent, cultures and ideas, will be a source of competitiveness and growth in its own right.' said the report.
Senior
watch the first resale transaction of pinnacle duxton in 5 years time... the figure will be mind boggling.
Senior
honestly those flats are easily 30 yrs old ,,
hard to get a commercial loan with 65-70 yr remaining ..
if it had been a private FH condo (maybe even leasehold) ..at least got chance of enbloc ..
HDB ...hhhmm when it gets too old .. HDB may just vacate them .. re-offer owners with alternatibe location .. citing old building= dangerous as a reason to move them .. then leave the plot empty for 5 years ..and then sell to private developers to build condo .. just like Metropolitan and Ascentia at red hill ...those plots were HDB before ..
so i would seriously caution buyers of those marine parade HDB .. you may not get back as much as you paid for them .. shold HDB decides to take them back ... if HDB says they are too old and need to be torn down .. you think owners have a say in that ?
F01 N54 Sheer Driving Pleasure
US$3.83 trillion?
Obama unveils US$3.83T budget with massive deficits
Martin Crutsinger
AP Economic Writer
Associated Press
Monday, 1 February 2010, 7.57 am U.S. EST
In this Jan. 27, 2010, file photo President Barack Obama delivers the first State of the Union address of his presidency on Capitol Hill in Washington. To the joint session of Congress Obama said, 'So, as temperatures cool, I want everyone to take another look at the plan we've proposed ... if anyone from either party has a better approach that will bring down premiums, bring down the deficit, cover the uninsured, strengthen Medicare for seniors and stop insurance company abuses, let me know ... I'm eager to see it.' Vice President Joe Biden and House Speaker Nancy Pelosi are seen in the background. -- Photo: Tim Sloan, AP
President Barack Obama sent Congress a US$3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.
The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year's then unprecedented $1.41 trillion gap. The deficit would remain above $1 trillion in 2011 although the president proposed to institute a three-year budget freeze on a variety of programs outside of the military and homeland security as well as increasing taxes on energy producers and families making more than $250,000.
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..........
Also on the deficit front, the president has endorsed a pay-as-you-go proposal that passed the Senate last week. It would require any new tax cuts or entitlement spending increases to be paid for, and he has promised to create a commission to recommend by year's end ways to trim the deficits. Administration officials briefing reporters on Sunday declined to say when the commission would be appointed.
Not sure how he can do it.
Unless ... he upgrade his printer to handle the heavier volume.
Junior
The same people who are unhappy over COV too?
Nope, not mine but will be nice if it is.
BE CENTRED BY ALL AT THE FRINGE OF THE CITY @
Senior
i am more than happy for those HDB dwellers if their flats can go to 1 mioThe same people who are unhappy over COV too?
Nope, not mine but will be nice if it is.
but those at marine parade .. as i pointed out in earlier post.. are just too old .. and risk being ' forced to be taken back" by HDB ... vacate the land ..only to be sold to private developers later ..
and the high premium paid for 30-35 yr old HDB there may be lost .. when HDB offer them other location ..IF my opinion that HDB may take back old HDB there .. better income if sold to private
Newbie
I am renting my 20year old HDB flat (bought from open market 8 years ago). Wonder when HDB building is en-block taken back by HDB, what's the compensation for owners like us? Market price? Valuation price?
Can I buy a new flat under HDB enblock scheme ? I am staying in private property and no intention to move back to HDB just in order to own one new flat. If you have any idea, thanks!
F01 N54 Sheer Driving Pleasure
Good question.
Any kind-hearted soul, please reply him in a new/separate thread.
Thanks!
F01 N54 Sheer Driving Pleasure
So COV's high is currently standing at $150,000?$1mil would require at least $350-400k COV man... Don't tell me the HDB's valuation of a 5 rm around Marine Terrace vicinity is $850k?
What's the valuation of that 5-room flat at 14 Marine Terrace? $850,000?
Junior
Obama doesn't seem to realise that the US unemployment problem cannot be solved.US$3.83 trillion?
Not sure how he can do it.
Unless ... he upgrade his printer to handle the heavier volume.
There is simply an oversupply of human capital due to the world human population explosion.
Whereas in the past, third world labour had different skill sets from those of Americans, what is there today to differentiate an Indian programmer from an American programmer, or a Chinese engineer from an American engineer?
If Obama insists on printing money until America's unemployment problem is solved, he is going to fulfill Voltaire's prophecy made 300 years ago.
“The modern banking process manufactures currency out of nothing.”.
- Lord Josiah Stemp, Former Director of the Bank of England (1937)
“At the end fiat money returns to its inner value—zero.”
- Voltaire (21 November 1694 – 30 May 1778)
So hold tightly to your properties! No matter what, don't sell!
Just my 2 cent worth..
Neptune court (5-rm HDB size unit) is selling at below $1 mil.. (with enbloc potential)... what is the benefit to get a HDB at same price along the same stretch and with similar view ?
Agreed with Proud Owner, the HDB along marine parade will go. Probably before the MRT plan is released. HDB owners at marine parade is unlikely to gain much from the so-called enbloc, (how much gain can you expect, buying back your "prime property" with some premium and let you buy a less prime location at market rate ?)
Better to sell the HDB at current crazy price, get a private along marine parade to take advantage of marine parade revamp.
F01 N54 Sheer Driving Pleasure
Developers brimming with new launches
Far East said to be top seller in January; Lippo and MCL may release some units
Kalpana Rashiwala
The Business Times
Tuesday, 2 February 2010
On the rise: The average price for Centennia Suites is being touted at $2,000 psf or even higher, beating prices in secondary market for nearby projects.
Even as developers have gotten off to a good start this year, selling well over 1,000 private homes in January, their launch machinery remains well oiled for more roll-outs in the near future.
Lippo Group is expected to preview Centennia Suites on the former Kim Seng Plaza site, diagonally opposite Great World City, later this week. The average price for the District 9 freehold project is being touted at $2,000 psf or even higher.
This is higher than recently achieved prices in the secondary market for nearby projects such as The Trillium and The Cosmopolitan but Lippo is probably banking on the exclusivity factor to market its latest offering. The 36-storey freehold Centennia Tower comprises a single tower with just 97 units, comprising 2-, 3- and 4-bedroom apartments and 2 penthouses.
The 2-bedders are relatively large at slightly over 1,200 sqft. 3-bedders come in 5 variations but all around 1,800 sqft; 4-bedroom apartments also have 5 variations of roughly 2,250 sqft. Centennia’s 2 penthouses are around 3,300 sqft and 4,400 sqft. BT understands that the project is being marketed by CB Richard Ellis and Jones Lang LaSalle.
Agents are also busy gathering interest for MCL Land’s The Estuary, a 608-unit condo at Yishun Ave 1/2. Some market watchers say that they would not be surprised if MCL releases some units before the Chinese New Year break.
For the month of January, Far East Organization (FEO) is believed to have been the top seller, with sales of close to 300 units. Its bestseller was The Shore Residences, a 103-year-old condominium project on the former Rose Garden site in Katong. Far East is understood to have sold over 140 units in the project last month.
City Developments (CDL) sold 243 units in January, the bulk of which were in Cube 8 at Thomson Road (167 units) and Livia in Pasir Ris (59 units), a CDL spokeswoman said.
Fellow property giant CapitaLand also did brisk sales. Its 165-unit Urban Suites condo in the Cairnhill area is said to be left with fewer than 30 units.
Frasers Centrepoint sold a total 102 units last month, including 43 units at its Residences Botanique in the Yio Chu Kang/Sirat roads area.
Frasers Centrepoint’s and Far East’s sales numbers are inclusive of about 35 units sold at their 2 joint-venture condominium projects along Bedok Reservoir, Waterfront Waves and Waterfront Keys.
Allgreen Properties is also believed to have sold a total 62 units from its preview of Holland Residences last week. The average price is $1,625 psf.
CB Richard Ellis executive director (residential) Joseph Tan says: ‘Generally, buyers are showing more interest and there’s acceptance that prices have bottomed out with a strong likelihood of growth. Developers in their pricing policy should also leave room for capital appreciation for investors.’
A Morgan Stanley report dated Jan 27, on a survey of the Singapore private residential sector involving Singapore-based respondents, concluded that, generally, respondents are expecting prices to trend upwards gradually in the medium term rather than spiking in the next 12 months.
As for developers, DTZ executive director Ong Choon Fah says: ‘When there’s a window of opportunity like what we’re seeing now, developers want to capitalise on it and try to push out projects as soon as possible; they can always restock land at government tenders.
‘After all, most economists are still calling for a note of caution on the sustainability of the global economic economy – for instance, if interest rates rise and as governments withdraw their stimulus measures.’
F01 N54 Sheer Driving Pleasure
OK, enough highs from the ECs. Let's turn our attention back to the CCR.
One Jervois in District 10 has a nëw hïgh at $1,600 psf!
Someone claimed he can buy around $1,000 psf. He must be one lucky guy smiling to the bank now!
F01 N54 Sheer Driving Pleasure
Double Bay Residences in District 18 has a nëw hïgh - $966 psf - too!
OJ is resale while DBR is subsale.
F01 N54 Sheer Driving Pleasure
Robust growth in manufacturing
Robin Chan
The Straits Times
Tuesday, 2 February 2010, 9.01 pm
Electronics production climbed 57.3% last month from a year earlier, following a revised 13.9% gain in November. Electronics make up about 26% of total manufacturing output. -- Photo: NEC
Experts have been stunned by the strength of Singapore's factory output in December after an electrifying performance by the electronics sector.
After disappointing figures in October and November, output surged 14.4% in December from the same month in 2008, powered by a spectacular 57.3% rise in electronics.
The signs for a good month had been duly noted by experts: stronger leading indicators and better trade numbers.
But even upbeat economists could not anticipate the fastest pace of growth from the manufacturing sector in 5 months - nearly double their expectations of a 7.4% increase.
With the strong numbers in manufacturing, which contributes about a quarter to the economy, economists now expect an upward revision to Singapore's full year economic forecast for 2009.
The Government's advance estimate is for a contraction of 2.1%.
Senior
Robust growth in manufacturing
Robin Chan
The Straits Times
Tuesday, 2 February 2010, 9.01 pm
Electronics production climbed 57.3% last month from a year earlier, following a revised 13.9% gain in November. Electronics make up about 26% of total manufacturing output. -- Photo: NEC
Experts have been stunned by the strength of Singapore's factory output in December after an electrifying performance by the electronics sector.
After disappointing figures in October and November, output surged 14.4% in December from the same month in 2008, powered by a spectacular 57.3% rise in electronics.
The signs for a good month had been duly noted by experts: stronger leading indicators and better trade numbers.
But even upbeat economists could not anticipate the fastest pace of growth from the manufacturing sector in 5 months - nearly double their expectations of a 7.4% increase.
With the strong numbers in manufacturing, which contributes about a quarter to the economy, economists now expect an upward revision to Singapore's full year economic forecast for 2009.
The Government's advance estimate is for a contraction of 2.1%.
precisely ...
if everyone has a low estimate .. anything above it becomes ROBUST ?
F01 N54 Sheer Driving Pleasure
OK. Back to District 9 now and this time is The Tate Residences with a nëw hïgh of $2,946 psf!
Junior
Business Times - 03 Feb 2010
Property industry loses towering figure
Ng Teng Fong of Far East Organization group dies, aged 82
(SINGAPORE) Property tycoon Ng Teng Fong's passing yesterday marks the end of an era of larger-than-life property titans.
He was one of the earliest to develop shopping centres on Orchard Road and until today, his Far East Organization group here is probably the largest property owner in the island's prime shopping belt. In Hong Kong, he made inroads into one of the world's most competitive property markets, battling local tycoons to establish his Sino Group as one of the biggest developers there.
Market players yesterday recalled the tenacity and resilience of a man who rose from humble beginnings to build a property empire over the past five decades, bouncing back from setbacks along the way, especially the mid-1980s property slump.
Today, Far East Organization and sister outfit Sino Group have a combined annual turnover of US$5.5 billion and total assets of over US$40 billion, according to information on Far East's website. Last September, the Forbes Asia magazine ranked the late Mr Ng as Singapore's richest person, with a fortune said to be US$8 billion (S$11.3 billion).
The 82-year-old suffered a brain haemorrhage on Jan 23 and underwent an operation before he died peacefully yesterday morning, a statement from Far East Organization said. He leaves behind his wife and eight children.
While Mr Ng still kept a keen interest in his business until recently - including determining prices of property launches and land bids - he had handed over the running of his business empire some time ago to his two sons. Elder son Robert is in charge of Sino Group in Hong Kong and younger son Philip oversees the Far East Organization group in Singapore.
Philip Ng, who holds degrees in civil and geotechnical engineering as well as city planning, has over the past decade or so spruced up the company in Singapore and hired many professionals. The group has developed many award-winning buildings.
Mr Ng's wake is being held at Ng's Mansion at 2 Watten Estate, with a nightly service at 8pm. The funeral will be on Saturday.
Many in property circles yesterday mourned the loss of Mr Ng, who they said, together with Kwek Hong Png, the late founder of the Hong Leong Group, was the pioneer of the private property market in Singapore. Mr Kwek died in 1994. His elder son Leng Beng yesterday said Mr Ng's passing was 'an immense loss for the industry and for Singapore'.
'He was a doyen of the property sector. He was a proven authority with a deep understanding of real estate and an innate talent of looking at the property market in a different way.'
United Overseas Bank Group chairman Wee Cho Yaw described Mr Ng as 'an old friend of more than 50 years' who had 'an intuitive flair for reading property cycles'.
CapitaLand Group president and CEO Liew Mun Leong highlighted Mr Ng's successful entry into Hong Kong, 'a very mature and competitive market, decades ahead of others in Singapore'.
'Even the largest property companies in Hong Kong take their hats off to his company in Hong Kong, where it enjoys a high standing,' Mr Liew added.
Redas president Simon Cheong said no other foreign player has entered the Hong Kong market like Mr Ng did. He said Mr Ng's 'master stroke' in Tsim Sha Tsui a few decades ago, mopping up a whole stretch of properties in the district, 'is still being talked about among market players today'.
Mr Ng entered the Hong Kong property market in the 1970s and continued to build his business there in the early 1980s when confidence in Hong Kong was shaken due to disputes on its future between the British government and China.
Admiring the late Mr Ng's acumen, Redas CEO Steven Choo said: 'He saw the enormous prospects for real estate in land-scarce prosperous cities like Singapore and Hong Kong. In Singapore, one of his most enduring legacies is that he laid down the foundation for Singapore's modern shopping street - Orchard Road. We can see the Far East emblem everywhere in Orchard/Scotts roads. Some of his projects were visionary at the time.'
Dr Choo noted that 'Far East has also helped establish condominium living in Singapore, through its continued participation in Government Land Sale tenders'.
Copyright © 2010 Singapore Press Holdings Ltd. All rights reserved.
Senior
i wonder how those that have been ripped off by FEO all these would feel about Mr Ng's demise
F01 N54 Sheer Driving Pleasure
Wow! Even going-to-be-24-year-old Yong An Park in District 9 can hit a nëw hïgh of $1,422 psf!If going-to-be-24-year-old Yong An Park can hit a nëw hïgh of $1,422 psf, surely new Centennia Suites can hit a high of $2,844 psf (double) and an average of $2,142 psf (number swap).
Results will be revealed soon. (Drum roll ...)
Yong An Park
Address ................................ psf ............... Area ........... Price ............ Contract Date
333 River Valley Road #04-03 ..... $1,422 psf .... 2,250 sqft .... $3,200,000 ..... 3 Nov 09
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