Clementiwoods (D5, 99 years leasehold, Frasers Centrepoint)

[proud owner]

Did I see wrongly? There were 2 traffic wardens outside CW yesterday evening around 7pm. Wow thats nice right?

what happened ?

they have problem turning into the condo ?

ai ya ya

[luckytan]

Did I see wrongly? There were 2 traffic wardens outside CW yesterday evening around 7pm. Wow thats nice right?

I think it's for the Japanese school children crossing the road. Cars travelling there can be quite fast sometimes. Also noticed that recently a few road bumps were added to the stretch of road to West Coast Plaza.

I stay in VP by the way.

[proud owner]

I think it's for the Japanese school children crossing the road. Cars travelling there can be quite fast sometimes. Also noticed that recently a few road bumps were added to the stretch of road to West Coast Plaza.

I stay in VP by the way.

so the traffic warden has always been there ? or something new ?

but why 7pm ? isnt that a bit late to guide traffic for students ?

[luckytan]

so the traffic warden has always been there ? or something new ?

but why 7pm ? isnt that a bit late to guide traffic for students ?

Only saw it once last week, 2 wardens controlling traffic for the Japanese students around 7pm, not sure if it's permanent or ad hoc event.

[vipersiao888]

Hi LuckyTan,

Since you mention you are a owner of VP. I am always curious to know whats the rationale for owners to buy 99LH knowing for the fact that as the project becomes older, the value of the property will also depreciate as compared to FH. I have heard people telling me that they are buying for own stay but I am sure one would also like to see their property appreciate in prices rather than going down. To put on record, I have viewed VP a few time and I really fell in love with the greenery and big area which IMO is good for families like myself with young children. But I am still having 2nd thoughts about LH which I really don't feel comfortable to buy at the moment. Yr thoughts appreciated.

[luckytan]

Hi LuckyTan,

Since you mention you are a owner of VP. I am always curious to know whats the rationale for owners to buy 99LH knowing for the fact that as the project becomes older, the value of the property will also depreciate as compared to FH. I have heard people telling me that they are buying for own stay but I am sure one would also like to see their property appreciate in prices rather than going down. To put on record, I have viewed VP a few time and I really fell in love with the greenery and big area which IMO is good for families like myself with young children. But I am still having 2nd thoughts about LH which I really don't feel comfortable to buy at the moment. Yr thoughts appreciated.

Hi, my thoughts are very simple. When I bought VP in 06 I was buying for own stay (we also love the place as you did). Generally prices for FH is about 20% higher than 99LH at the same area. So I was thinking whether I should pay for the 20% premium upfront or just go for a lower priced LH. I intend to stay long term, 20-30 years maybe. I'm not sure how the price will 'depreciate' by then. Anyway time value of money tells me that I'm better off putting the 20% savings to other uses. Even if I were to rent it out the yield is higher for LH than FH (rental is dependent on location, condition and size, not so much on LH or FH).

I bought VP in 06 for S$4xx psf. I believe now is about S$900-1,000 psf on average. Even my next door project which is FH is selling about the same price. Barring any unforeseen circumstances, I don't think the price will fall below my cost in the next few years. In any case, since I have no intention of selling, appreciation or depreciation of price does not affect me at all, as these are just paper profit or loss.

Just my thoughts since you asked.

[august]

Hi, my thoughts are very simple. When I bought VP in 06 I was buying for own stay (we also love the place as you did). Generally prices for FH is about 20% higher than 99LH at the same area. So I was thinking whether I should pay for the 20% premium upfront or just go for a lower priced LH. I intend to stay long term, 20-30 years maybe. I'm not sure how the price will 'depreciate' by then. Anyway time value of money tells me that I'm better off putting the 20% savings to other uses. Even if I were to rent it out the yield is higher for LH than FH (rental is dependent on location, condition and size, not so much on LH or FH).

you are absolutely right ~

[vipersiao888]

Thanks for your thoughts and you are really indeed LuckyTan for having the foresight to go in at 4xxx psf which I also agreed that even with recession, the psf may probably fall to your breakeven price, ie more than 50% drop from the current asking of 900-1000psf.

Almost forgot about rental yield until you remind me and I believed with the proximity to NUS, Japs schools and polys, you should be confident about renting it out without much difficulty.

Saw a 2bedder (main pool facing) a couple of months back and owner is asking 1200psf which is IMO high but the view is really nice with such a cosy resort feel. I am actually in a dileama btwn FH and LH in choosing our dream home.

[luckytan]

Thanks for your thoughts and you are really indeed LuckyTan for having the foresight to go in at 4xxx psf which I also agreed that even with recession, the psf may probably fall to your breakeven price, ie more than 50% drop from the current asking of 900-1000psf.

Almost forgot about rental yield until you remind me and I believed with the proximity to NUS, Japs schools and polys, you should be confident about renting it out without much difficulty.

Saw a 2bedder (main pool facing) a couple of months back and owner is asking 1200psf which is IMO high but the view is really nice with such a cosy resort feel. I am actually in a dileama btwn FH and LH in choosing our dream home.

Yes, the rental is quite good in VP, demand is quite high, my 3 bedroom unit can get about S$5k+ rental income. Considering my cost, the yield is actually quite decent. Too bad we love the place very much and don't intend to rent it out

Assuming pricing is reasonable and doesn't create additional financial burden, if you are buying your dream home which you intend to stay for the next phase of your life, I think getting one you really like is more important than considering whether it's LH or FH. The 'depreciation' may or may not happen and anyway it's many years down the road. Just enjoy the present.

[vipersiao888]

Yes, the rental is quite good in VP, demand is quite high, my 3 bedroom unit can get about S$5k+ rental income. Considering my cost, the yield is actually quite decent. Too bad we love the place very much and don't intend to rent it out

Assuming pricing is reasonable and doesn't create additional financial burden, if you are buying your dream home which you intend to stay for the next phase of your life, I think getting one you really like is more important than considering whether it's LH or FH. The 'depreciation' may or may not happen and anyway it's many years down the road. Just enjoy the present.

Wow, the rental yield at VP is pretty handsome. Yes, the agent also told us about the good rental yield at VP.

We also noticed during our last visit that the ethnic mix is rather good, saw Caucasians, Japs, Indians, Chinese etc etc which is a plus for VP. I was hanging too long at the main pool watching the bikini babes suntanning until my wife had to pull my ears to move off. Joke aside, I will consider now LH which will give us more options in getting our dream home.

[kumkeet]

VP is VERY nice. Just take a walk inside and you'll understand why people pay more/equivalent for it than Stellar which is FH. CW needs some more life injected into it as people start to move in. IMO Stellar layout and decor really lose out. The proximity of units is also a big turn off.

[vipersiao888]

VP is VERY nice. Just take a walk inside and you'll understand why people pay more/equivalent for it than Stellar which is FH. CW needs some more life injected into it as people start to move in. IMO Stellar layout and decor really lose out. The proximity of units is also a big turn off.

Hi kumkeet, yes I agree that the surrounding greenery for VP against Stella is miles apart as I have view both VP and Stella on a few occassions. And you have just reminded me about the freehold status of stella which I am puzzled cos the psf between the 2 is unusually no diff. Pardon me for my shallow knowledge on condos, I thought it should be about 20% diff between FH and LH and the fact that both projects are just sitting next to each other. But I must say VP's many strength beats Stella miles away.

One more thing I must admit that the residents at VP are very friendly. I had bump into a few strangers there and they just say Hi and smile which is rather surprisingly pleasant. Usually, you will get those dirty strange looks during viewing.

[luckytan]

Wow, the rental yield at VP is pretty handsome. Yes, the agent also told us about the good rental yield at VP.

We also noticed during our last visit that the ethnic mix is rather good, saw Caucasians, Japs, Indians, Chinese etc etc which is a plus for VP. I was hanging too long at the main pool watching the bikini babes suntanning until my wife had to pull my ears to move off. Joke aside, I will consider now LH which will give us more options in getting our dream home.

Hopefully you can find your dream home soon in VP or CW, either way we'll be neighbours

[luckytan]

Hi kumkeet, yes I agree that the surrounding greenery for VP against Stella is miles apart as I have view both VP and Stella on a few occassions. And you have just reminded me about the freehold status of stella which I am puzzled cos the psf between the 2 is unusually no diff. Pardon me for my shallow knowledge on condos, I thought it should be about 20% diff between FH and LH and the fact that both projects are just sitting next to each other. But I must say VP's many strength beats Stella miles away.

One more thing I must admit that the residents at VP are very friendly. I had bump into a few strangers there and they just say Hi and smile which is rather surprisingly pleasant. Usually, you will get those dirty strange looks during viewing.

The launch price of Stellar was initially about 20% over VP, but the gap soon closed up after Stellar got TOP. Maybe the location also played a part (Stellar is closer to the road junction).

Ya the residents in VP are generally very friendly. I guess the open concept and resort feel makes people more relaxed, like strolling in a park

[vipersiao888]

The launch price of Stellar was initially about 20% over VP, but the gap soon closed up after Stellar got TOP. Maybe the location also played a part (Stellar is closer to the road junction).

Ya the residents in VP are generally very friendly. I guess the open concept and resort feel makes people more relaxed, like strolling in a park

Thats a good closeup of 20% between a FH and LH "side by side" project in a short span of 2 years and I am sure all the VP residents will be pleased about it. FengShiu wise, I saw some positive write up from a master about VP which is also good for the future of VP.

Yes, the agent took us for a long stroll at VP and I must the complex is very huge. I noticed the plants are very green and nice, guess the mgmt have done a good job maintaining the plants. I particularly like the main pool and it reminds me of a lovely resort we have been to in Hawaii.

Too bad, the asking price at above 1000psf is on the high side for us but we will continue to look out for good bargains, if any. Hope my waiting will not be futile and short.

[kumkeet]

Only saw it once last week, 2 wardens controlling traffic for the Japanese students around 7pm, not sure if it's permanent or ad hoc event.

The traffic controllers actually stopped traffic to allow me to turn right into the condo... wow...

[spn25]

we are the owner of the unit and are relocated.
looking for serious tenant to rent the fully furnished unit.....
well renovated

interested party please reply privately to me!!!

[phantom_opera]

no interest in this project?! price hit 1358psf liao

2013-02-08 #XX-XX 560sqft 1,358psf 2007-02-06 679 380,240 2,194 12.2