Junior
I have no treehouse.
Hillvista - Brought my dog in and got chased out => bad impression. Land area so small. Pool so small. Park Natura even worse - one side so close to the road - commit suicide will also land outside the road. In comparison to some of the old condos in the vicinity with huge pool and land and tennis courts, Hillvista pales in comparison. Maybe I'm old school lah. I always believe in buying some old projects and do it up to your own liking.
Originally Posted by devilplate
Global recession is coming....
The new project sold out at >$1000-$1200 psf but the resale all like shit price over there, e.g. Hillington Green, mostly at $700+ psf. Signature Park, $800+ psf (big project but with really full facilities).
Junior
New projects any where now easily fetch 20%-30% premium lah. But at least one has comfort that the new projects in this locality do not have to resort to mickymousation to aritificially keep PSF high. In some part of Singapore, developers have to resort to very tiny units to keep PSF high to cater to the low-budget crowd. Hillington Green's (and other Hillview condos) biggest "drawback" is most units are large - most at Hillington are above 1350 sq ft if I'm not wrong which means most units will trade above $1.1 million. With the prevalence of small units of $400k e.g. D14 and D15, $1.1 million becomes an unattractive investment. Bear in mind nowadays new development you see in D15 can squeeze in 3 bedrooms with only 1000 sq ft. So if one can buy a new development at the SAME quantum at $1.1 million, why not?
So, only house owners who appreciate larger-sized units will buy the area - without speculators and without low-budget MM units - it is understandable why there is no wild swings in prices. Also MRT is too far away for it to be priced in today. My 2 cents.
Junior
it's just amusing to see 1350 sft is now considered "large" ....
once upon a time I thought 1500 sqft was the norm, and 2000 sqft is called large.
we are reaching HK standard soon: 1000 sqft is considered large there
Junior
Just checked caveats for Hillington Green:-
1 HILLINGTON GREEN 833000 990 841 Jul-20108 HILLINGTON GREEN 1580000 2465 Strata 641 May-2010
2 HILLINGTON GREEN 1055000 1356 778 Jun-2010
3 HILLINGTON GREEN 1038000 1356 765 Jun-2010
4 HILLINGTON GREEN 1551000 2314 Strata 670 May-2010
5 HILLINGTON GREEN 1080000 1356 Strata 796 May-2010
6 HILLINGTON GREEN 1350000 1927 Strata 701 May-2010
7 HILLINGTON GREEN 1380000 1927 Strata 716 May-2010
As you can see, units are too big lor.... It could be 700psf, but most easily hit $1.3 million to $1.5 million
Junior
By today's standards, Hillington Green units (see above 1356 to 2400 sq ft) are considered luxurious oredi lah
it's just amusing to see 1350 sft is now considered "large" ....
once upon a time I thought 1500 sqft was the norm, and 2000 sqft is called large.
we are reaching HK standard soon: 1000 sqft is considered large there
Global recession is coming....
No speculators because of large quantum? Or more like no speculators because they don't see much upside there? They rather buy Orchard Residences, The MarQ@Paterson, The Laurels at $3k-5k psf for total of >$3m than pay $700+ psf for a total of <$1.6m?
Just checked caveats for Hillington Green:-
1 HILLINGTON GREEN 833000 990 841 Jul-20108 HILLINGTON GREEN 1580000 2465 Strata 641 May-2010
2 HILLINGTON GREEN 1055000 1356 778 Jun-2010
3 HILLINGTON GREEN 1038000 1356 765 Jun-2010
4 HILLINGTON GREEN 1551000 2314 Strata 670 May-2010
5 HILLINGTON GREEN 1080000 1356 Strata 796 May-2010
6 HILLINGTON GREEN 1350000 1927 Strata 701 May-2010
7 HILLINGTON GREEN 1380000 1927 Strata 716 May-2010
As you can see, units are too big lor.... It could be 700psf, but most easily hit $1.3 million to $1.5 million
Junior
No low-end entry level speculators lah (where most middle class Singaporeans are). After all, if you are badge conscious, will be pay $1.5 million for a Hillview condo? The answer is NO. With $1.5 million, you can already get a smaller unit at say D10 or D11 that accord you higher "status". That's why I say, the market demand is probably not huge. The "low-end" entry level will find it "too expensive" due to the size of the units; the status conscious will want a bigger badge and more upmarket district befitting of a $1.5 million investment. In short, it is a niche market - which most would agree. BTW, my stand is not different from yours - purely as an investment is probably a no. But an excellent place for self-stay.
Junior
self stay is good for those young and possess transport....too ulu that place, no amenities and public transport...cannot la...
Exalted
aiya stay HDB lah!
Junior
aiya stay HDB lah!
yeah agree...if you need amenities and transport , there are alot of HDBs which are near shopping and public transports...if got transport , own stay at treehouse is good, alot of trees around treehouse...fresh air and peaceful as ulu...
Newbie
Yup good place to stay after retirement
Newbie
don't think so.. I think Bukit Villas area is much better.... cheaper and better. Its like out of this world, isolated... need cars and servants.Yup good place to stay after retirement
Newbie
wise words...it's just amusing to see 1350 sft is now considered "large" ....
once upon a time I thought 1500 sqft was the norm, and 2000 sqft is called large.
we are reaching HK standard soon: 1000 sqft is considered large there
using HDB as standard.. the size is getting smaller also...
the new standard now in my opinion will be
1 bedder 500 sqf +s + what not
2 bedder 750 sqf
3 bedder 1000 sqf
4 bedder 1250 sqf
Penthosues 1500 sqf
it will get smaller again.
Newbie
Ya not only smaller in sqft but bigger psf to pay
Global recession is coming....
There also some private estates near shopping and MRT stations (but just less). Aren't these just more valuable if people want to living in private? Why buy ulu private unless they are bungalows?
Global recession is coming....
Not only that,
the new standard new are with:
1 bedder 500 sqf +s + what not (include 75 sqft planter areas & balconies & bay windows)
2 bedder 750 sqf (include 113 sqft planter areas & balconies & bay windows) => usable area = 637 sqft!
3 bedder 1000 sqf (include 150 sqft planter areas & balconies & bay windows) => usable area = 850 sqft!
4 bedder 1250 sqf (include 188 sqft planter areas & balconies & bay windows)
Penthosues 1500 sqf (include 225 sqft planter areas & balconies & bay windows)
Newbie
Woo.... been away for a while... have to agree with teddybear and cashrich... cash is king now.... durians are falling....
Newbie
Looking for Cash? :P
Newbie
anyone know the construction work progress?
Senior
SINGAPORE : The Urban Redevelopment Authority (URA) has received nine bids at the close of a tender on Thursday for a residential site at Petir Road.
The highest bid of about S$177.4 million came from Wincheer Investment.
This was followed by Sim Lian Land and Kwan Hwee Investment, which both submitted a bid of around S$173.8 million.
The lowest bid came from Teambuild Land at S$103 million.
Real Estate consultancy CBRE Research said the tender for the land parcel, which is about 10 minutes' walk from Pending LRT station, received a good response.
Leonard Tay, director of CBRE Research, said: "The quantum of the bids indicates that the developers are optimistic about the location of this site, given the sell-out of 429-unit Tree House condominium – adjacent to the subject property – during the second quarter of 2010.
"The top bid of S$177.4 million reflects S$345 psf/plot ratio and translates to a breakeven cost of S$680 psf to S$700 psf."
He added that units in the new development will likely sell for above S$800 psf. The adjacent Tree House project was launched at an average S$830 psf in April 2010, while units at Mi Casa, a new project at Choa Chu Kang Avenue 3, were sold at S$700-850 psf in July-September 2010, Mr Tay said.
The Petir Road site has an area of some 22,744 square metres and a maximum permissible gross floor area of 47,763 square metres.
The site was launched for public tender on August 31 and has a lease period of 99 years.
URA said it will award the tender after the bids have been evaluated.
Go for Smallest Unit
The breakeven price is like new EC prices. Looks attractive already.
Newbie
Update
Completed % : 2.5
Expected TOP: 1Q 2013
wait long long
Newbie
I thought the expected TOP date is 2014?Update
Completed % : 2.5
Expected TOP: 1Q 2013
wait long long
Senior
construction tends to be faster than the earliest expected TOP date given.
I thought the expected TOP date is 2014?
Newbie
But dont you think abit too early..Proposed T.O.P End 2014?
Newbie
They adjusted again... now is 4Q 2013But dont you think abit too early..Proposed T.O.P End 2014?
Newbie
Oh.. Thanks for the info
Newbie
I guess none will come onto the market despite the optimistic pricing in the neighbouring development unless the owners are desprate to offload...with the stamp duty penalty at a hefty 16%.
Go for Smallest Unit
Existing owners will ask themselves, why sell and get another and be caught with SSD. No choice then sell lor or if profit margin reached.
It's a step ahead from those who have exercised after 13 Jan 11.
Posting Permissions
Reply With Quote