Cityscape @ Farrer Pk (Mergui Road)

[azeoprop]

So how was the preview over the weekend? Anybody went down to see?

[bargain hunter]

today's BT quote probably explains why no responses to your questions.

"Meanwhile, sales are said to have been tepid at The Cityscape at Farrer, a 250-unit freehold condo at Mergui Road (near Rangoon Road, facing the Central Expressway) by IOI Group and KSH Holdings.
The project was previewed last week and about 15 units are said to have been sold.
Potential buyers may have found the price, understood to be about $1,400 psf on average, steep."

So how was the preview over the weekend? Anybody went down to see?

[devilplate]

today's BT quote probably explains why no responses to your questions.

"Meanwhile, sales are said to have been tepid at The Cityscape at Farrer, a 250-unit freehold condo at Mergui Road (near Rangoon Road, facing the Central Expressway) by IOI Group and KSH Holdings.
The project was previewed last week and about 15 units are said to have been sold.
Potential buyers may have found the price, understood to be about $1,400 psf on average, steep."

MM over at Farrer can sell 13xxpsf....but not normal sized units

the reporter dun like this project....y highlight it is facing CTE?

[azeoprop]

Wow! even at 1300psf, the cheapest 2 bedder will cost at least 1.2mil... no wonder poor sales.

[Scary]

Does anyone has updates on the progress of the sales of this project?

[Rysk]

today's BT quote probably explains why no responses to your questions.

"Meanwhile, sales are said to have been tepid at The Cityscape at Farrer, a 250-unit freehold condo at Mergui Road (near Rangoon Road, facing the Central Expressway) by IOI Group and KSH Holdings.
The project was previewed last week and about 15 units are said to have been sold.
Potential buyers may have found the price, understood to be about $1,400 psf on average, steep."

Is quite sheep at average $1400psf!!
Pristine Hgts beside Cityscape.. eventhrough is not full condo status.. transacted ard $1 to $1.2psf.. big units like 2000sf asking below $900psf

[devilplate]

Is quite sheep at average $1400psf!!
Pristine Hgts beside Cityscape.. eventhrough is not full condo status.. transacted ard $1 to $1.2psf.. big units like 2000sf asking below $900psf

if no baywindows and planters....den 1400psf ok

took a 2nd look on the layout....this developer really too greedy

[Rysk]

if no baywindows and planters....den 1400psf ok

took a 2nd look on the layout....this developer really too greedy

But anyone guess what is their breakeven..

[Scary]

But anyone guess what is their breakeven..

breakeven at $900 psf?

[Rysk]

breakeven at $900 psf?

I tot is ard $1000psf?
If is $900psf.. developer very greedy loh

[devilplate]

I tot is ard $1000psf?
If is $900psf.. developer very greedy loh

orchard suites (allgreen) largi more greedy....breakeven ard 1kpsf and sell at 2kpsf

[Rysk]

orchard suites (allgreen) largi more greedy....breakeven ard 1kpsf and sell at 2kpsf

Suites @ Orchard 99-yr LH 2kpsf
Cityscape F'hold (2 km away from Suites @ Orchard) 1.4psf

You choose?

[Wild Falcon]

It would have achieved better sales had the developer downsize each unit to 300 sq ft. Wrong strategy.

[teddybear]

Obviously if got money sure buy [email protected]
No money no choice lah have to buy Cityscape that lousy location even though it is about 2km away but traffic jam all the way to Orchard.

Suites @ Orchard 99-yr LH 2kpsf
Cityscape F'hold (2 km away from Suites @ Orchard) 1.4psf

You choose?

[teddybear]

Obviously if got money sure buy [email protected]
No money no choice lah have to buy Cityscape that lousy location but traffic jam all the way to Orchard (much more than 2km away?)

Suites @ Orchard 99-yr LH 2kpsf
Cityscape F'hold (2 km away from Suites @ Orchard) 1.4psf

You choose?

[Rysk]

Obviously if got money sure buy [email protected]
No money no choice lah have to buy Cityscape that lousy location even though it is about 2km away but traffic jam all the way to Orchard.

Don't think will get traffic jam.. cos I ever tried using tat stretch of road during morning & evening peak hour.. from Norfolk rd towards Cavenagh rd / turn right to Bt Timah rd / left to Winstedt rd / turn left towards Paragon.. reach Paragon 5-7mins, didn't see any traffic jam

[devilplate]

Don't think will get traffic jam.. cos I ever tried using tat stretch of road during morning & evening peak hour.. from Norfolk rd towards Cavenagh rd / turn right to Bt Timah rd / left to Winstedt rd / turn left towards Paragon.. reach Paragon 5-7mins, didn't see any traffic jam

hows cityscape sales? very bad still?

[teddybear]

Smack in Balestier, not really a good location over there at Mergui Rd and the place give people a feeling of a bit messy. Traffic to get out onto Norfolk Road is smooth? I am not sure. Balestier Road is real bad and inner area is real bad. Still, $1.4k new one & FH, price Ok lah, better than those OCR selling S$1.2k+ psf and 99LH some more!

Don't think will get traffic jam.. cos I ever tried using tat stretch of road during morning & evening peak hour.. from Norfolk rd towards Cavenagh rd / turn right to Bt Timah rd / left to Winstedt rd / turn left towards Paragon.. reach Paragon 5-7mins, didn't see any traffic jam

[Rysk]

hows cityscape sales? very bad still?

Not sure but tink is slow due to steep in price

[Rysk]

Smack in Balestier, not really a good location over there at Mergui Rd and the place give people a feeling of a bit messy. Traffic to get out onto Norfolk Road is smooth? I am not sure. Balestier Road is real bad and inner area is real bad. Still, $1.4k new one & FH, price Ok lah, better than those OCR selling S$1.2k+ psf and 99LH some more!

Traffic flow is good at Norfolk rd each & everytime I drove past.. maybe in the future when that place is more develop with more & more projects completed.. jam will begin