but i hear people paying > $1.5M for Sky Habitat and all screaming the selling point is Bishan MRT ... lol
i would rather get a Kia K3 and live not near MRT ... muahahaha
�
if can afford to drop 1.5mil on a condo, why would one need an mrt and bus interchange to be so near?�
�
Edited by Wt_know, 07 April 2015 - 07:53 AM.
ok ... to be fair
but the question is after the euphoria has faded and those who want to buy already bought
then there is the challenge how to push sale ... hehe
�
To be fair, 1/3 sold on first weekend n at at high price(IMO) is quite good actually. It seems to me that there are still buyers out there despite the CM n general weaker sentiment.
We shall see if this is sustainable in other projects. That said Botanique also sold reasonable well.
�
You hv a valid point. The craziest part is that the developers normally want to sell the remaining units at a higher price! Their mentality is to push out the first batch at a lower price to show that there's interest n thereafter to cash in on the interest to push the remaining units pricier. But this has not worked for some time already unless the first batch was 90% sold or thereabouts.ok ... to be fair
but the question is after the euphoria has faded and those who want to buy already bought
then there is the challenge how to push sale ... hehe
�
�
In this market, I would hv sold all units at the same price but in batches so as not to let all the better units be taken up. But what do I know
�
one of my customers
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I tot is him...
Attached Thumbnails
Wt_know, on 07 Apr 2015 - 09:45 AM, said:awesome .. you can sell comb to monk ...
�
that is literally "shu ge lan" (comb wat f**k)
This kind invest kee lan lah, bro.
Lol. So you think it is mainly own stay?
Lol. So you think it is mainly own stay?
No, i mean invest kee lan.
Muayhahahaha
No, i mean invest kee lan.
Muayhahahaha
Hahahaha....now i get it...
�
yes can sell 1/3 in the opening weekend is truly amazing since many gurus have been telling me that market is dead, rather buy a city fringe condo with the same $1,300 psf
�
i find it quite amusing that many market watchers are benchmarking a normal market to one that can sell 80% in one weekend and no leftovers after one month??
�
Is that really supposed to be normal?�
�
�
if condo is on top of mall/ mrt - very convenient, can go bank, library. makan downstairs. walk 10 sec to MRT. rent out at $10 psf etc etc
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if condo is not near MRT/mall, but still walking dist - also very convenient with the added bonus of privacy and quietness. not so stressful like those who stay at centro, or northpark resi
�
if condo is not walking dist to MRT - also convenient to HDB neighbourhood markets, why pay the premium to stay near MRT? might as well buy a second car and drive�
�
if condo is facing other HDB blocks - very shiok, cos everyday can wake up and look across at the HDB blocks and remind yourself that you have "made it"�
�
![[rolleyes]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tEy1D4goEBphyY_xIhmhzWctzJCZN5pI12oSz37PVQdV_KYZIs2M4dQzNUjrnwxWUbreZNVXais1LoZ0jxcZzUiJDee41zZwHJDAMV7TynlwHdVj8zwo59odIdlEYpRuU2CMtZe71Pog=s0-d)
�
Sibei good!� Ah Q Spirit all the way!
�
If live in HDB facing condo, every day can stare at the condo residents and imagine how much instalments they have to foot every month, instead of enjoying all the garmen handouts�and driving�around is a nicer car!
�
�
�
Sibei good!� Ah Q Spirit all the way!
�
If live in HDB facing condo, every day can stare at the condo residents and imagine how much instalments they have to foot every month, instead of enjoying all the garmen handouts�and driving�around is a nicer car!
�
�
�
thanks, i can use this as a selling point for HDB in future!�
�
50 year old couple? Time for kids to move out la.
�
how to move out?
�
Now housing so expensive... parents will hope to pass down their 2 bedder to their 3 kids.�
�
In 10 yrs time, a 80sqm apartment will then become a multi-family apartment
�
Sibei good!� Ah Q Spirit all the way!
�
If live in HDB facing condo, every day can stare at the condo residents and imagine how much instalments they have to foot every month, instead of enjoying all the garmen handouts�and driving�around is a nicer car!
�
�
�
good mah.
�
overpriced condo in heartlands will helps to increase the valuation price of your HDB!
I think about a year ago?
Why now get VIPinvite to view leh?
Not sold out meh?!?
Aiyoh!!!!!
Attached Thumbnails
running out of time la
cannot sit and wait wait ... nobody come to buy
so must sent out VIP invitation lor ... next VVIP gourmet treat with wine and food ... lol
�
penalty penalty penalty ... all these greedy developers have been chopping roberts for the past 5 years liao
�
but they got dirty trick under their sleeve .... DE-LIST !!!
https://sg.finance.y...-025357163.html
�
�
Delisting�
"Penalties for unsold units under the qualification certificate (QC) ruling may persuade some developers to go down the de-listing path," Heng said in a note late last month.
�
The market has already picked its top candidate for de-listing: developer Wing Tai Holdings (Singapore Exchange: WTHS-SG), which is around 50 percent owned by the Cheng family. Its stock is up around 24 percent so far this year, compared with an around 7.4 percent rise in the FTSE ST Real Estate Index, of which it is a component, over the same period.
�
Wing Tai faces extension charges of around 25 million Singapore dollars (Exchange:SGD=) ($18.4 million) and 48 million Singapore dollars on its Le Nouvel Ardmore and Nouvel 18 projects respectively in 2016-17 if units remain unsold, according to data from CIMB (Kuala Lumpur Stock Exchange: CIMB-MY). More than 90 percent of units at the two projects are unsold. By comparison, Wing Tai's net profit for the fiscal year ended June 2014 was around 254 million Singapore dollars.
Edited by Wt_know, 10 April 2015 - 08:45 AM.
I remember when this development was launched and the agents say it will be sold out if i dont grab.
I think about a year ago?
Why now get VIPinvite to view leh?
Not sold out meh?!?
Aiyoh!!!!!
�
17 out of 52 units sold... <35% take up rate... price is sticky though... hovering at +/- 2.75k/psf
�
Can wait somemore... wonder what's the conservancy charge since plot ratio so low?
$1.3K psf for Yishun is a joke! I don't know what is going on in their mind. Have they actually try commuting in and out of Yishun during peak hour? I hope these owners enjoy the traffic at Lentor everyday. Good luck!
�
To add on, prices of Estuary seem coming down to $900+ psf, back to launch price level. Party is over?
I was wondering those sellers who are trying hard to offload now, what meat left to eat? Minus SSD and such...back to square one or even lose money. Jin song!
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it is a deterrence already
�
without it, market chiong even more
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hence better not remove it otherwise price will shoot through the roof
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even with all the CMs, yishun condo managed to sell 300+ units over one weekend at $1,300+ psf �
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if there were no CMs, i think FCL could have sold out 900 units in one weekend sia
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own stay jialat... i would choose larger units and not directly above a mega mall.. but that is my own preference...�
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Unless family members are living close by & you are working in Yishun ...
�
Otherwise, I see no reason to pay so much to live in Yishun ...
�
$1,300 + psf is a lot of money for Yishun ...
�
Maybe I'm out of touch ... Is there some new Gentlemen's Club over at Yishun that I'm not aware of ...
by 2030 with 6.9M population ... what do you expect
�
every estate every town is considered prime ... there is not an ulu place in spore anymore
just like people already start to treat jurong east like atas place ...
but not long ago ... people sing ... song song gao jurong
�
every town is bishan, amk, toa payoh price
no $1300psf no talk
every road leading town to expressway will be jammed ... i say one !
Edited by Wt_know, 10 April 2015 - 10:17 AM.
I remember when this development was launched and the agents say it will be sold out if i dont grab.
I think about a year ago?
Why now get VIPinvite to view leh?
Not sold out meh?!?
Aiyoh!!!!!
Which marketing agent will tell you "don't buy, don't buy. No good one. Its OK I don't want earn commission.". Lol
What? $1300 psf?
�
I would rather sink the money in Bukit Timah like Maplewood also 1300 psf freehold some more.
What? $1300 psf?
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I would rather sink the money in Bukit Timah like Maplewood also 1300 psf freehold some more.
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traffic too much lah. still prefer town at those prices.�
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BT traffic jam always scares the shit out of me. everyone and their mother got like 5 cars.
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traffic too much lah. still prefer town at those prices.�
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BT traffic jam always scares the shit out of me. everyone and their mother got like 5 cars.
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Which part of town got this kinda pricing?
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Which part of town got this kinda pricing?
�
Search Criteria:�
Jan - Mar 2015
D9,10
All properties except landed
�
183 transactions found based on the criteria above.
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On using the following constraints in red:
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23 (12.5%) of those at 13XX or below.
16 (8.7%) of those at 14XX to 1499
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you can find some good deals if you are patient enough. prices are coming down since people are losing their patience, or just want to lock in their profit due to rising sibor.
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Bro, I grew up in Yishun. It used to be an okay place 20 yrs ago. No so jam at lentor ave. I am so glad that I have moved out of that town now. Hahaha...
Each time when I visit my parents who are still living there, I will kpkb about the traffic. Weekend also jam, road widened but still�not much use. Haiz. �
And now I hear the condo going for $1.3K psf, I almost fall off my chair. I guess it is not difficult to find�suckers in the market.�Hahaha...
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now better liao lah.
But yes, i usually avoid lentor going towards yishun unless non peak hour.
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now better liao lah.
But yes, i usually avoid lentor going towards yishun unless non peak hour.
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now got new road from punggol to yishun through aerospace park
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Chowyunfatt, on 10 Apr 2015 - 09:57 AM, said:�
Unless family members are living close by & you are working in Yishun ...
�
Otherwise, I see no reason to pay so much to live in Yishun ...
�
$1,300 + psf is a lot of money for Yishun ...
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Maybe I'm out of touch ... Is there some new Gentlemen's Club over at Yishun that I'm not aware of ...
next to columbarium ... all cry papa cry mama
next to hospital ... sell like hot cakes?
�
is this guy for real or waiting to lowball? lol
Attached Thumbnails
Edited by Wt_know, 14 April 2015 - 01:24 PM.
sell your pinnacle and move into a cheapo resale hdb and buy a new c-class
https://sg.finance.y...14--sector.html
Attached Thumbnails
Edited by Wt_know, 15 April 2015 - 07:56 AM.
Hmmm... from what I've read so far I reckon most of the bros and sises here think North Park is not a good idea? I actually liked the "home above a mall / MRT / bus interchange" concept enough for me to go down and take a look at the show flats.
�
The other one I have in mind is Sky Vue in Bishan, supposedly 3 mins walk to the MRT and about 20% higher premium than North Park per similar units with similar floor areas.
�
Are either of these worth considering (for own stay), or should I wait a little longer (NP TOP end 2018, SV TOP end 2017) to see how things go? Any advises / thoughts / insights welcomed and appreciated, thanks.
Edited by efssc, 15 April 2015 - 08:41 AM.
if you drive ... NO POINT !
if you rely on public transport ... yes or no ... just take a look at JE and Bishan MRT and you will understand
�
Hmmm... from what I've read so far I reckon most of the bros and sises here think North Park is not a good idea? I actually liked the "home above a mall / MRT / bus interchange" concept enough for me to go down and take a look at the show flats.
�
The other one I have in mind is Sky Vue in Bishan, supposedly 3 mins walk to the MRT and about 20% higher premium than North Park per similar units with similar floor areas.
�
Are either of these worth considering (for own stay), or should I wait a little longer (NP TOP end 2018, SV TOP end 2017) to see how things go? Any advises / thoughts / insights welcomed and appreciated, thanks.
�
Edited by Wt_know, 15 April 2015 - 09:59 AM.
Hmmm... from what I've read so far I reckon most of the bros and sises here think North Park is not a good idea? I actually liked the "home above a mall / MRT / bus interchange" concept enough for me to go down and take a look at the show flats.
�
The other one I have in mind is Sky Vue in Bishan, supposedly 3 mins walk to the MRT and about 20% higher premium than North Park per similar units with similar floor areas.
�
Are either of these worth considering (for own stay), or should I wait a little longer (NP TOP end 2018, SV TOP end 2017) to see how things go? Any advises / thoughts / insights welcomed and appreciated, thanks.
�
Buy HDB in Bishan lor.
if you drive ... NO POINT !
if you rely on public transport ... yes or no ... just take a look at JE and Bishan MRT and you will understand
�
�
Hmmm... good point, the congested state of our public transport is one of the main reason why I kept driving despite there being MRT stations near both home and office, there are even direct buses too (though I doubt I will ever be able to get any seat at all where I would be boarding).
�
On the other hand I am also considering longer term, as in (hopefully) retiring in a few years' time and becoming less active. The proximity to a mall / MRT / buses is not so much for the public transport, but rather for the convenience of mall amenities; e.g. if I suddenly feel like having breakfast at Coffee Bean or dinner at Ding Tai Feng, all I need to do is to take the lift down instead of reaching out for the car keys or the MRT card.
�
But I am not sure if this "convenience" is really worth the hassle, or simply over-rated. If not for this, a condo's a condo, location (geographically) simply does not hold as much significant (at least not for me) when planning to wind down.�
�
Hmmm... good point, the congested state of our public transport is one of the main reason why I kept driving despite there being MRT stations near both home and office, there are even direct buses too (though I doubt I will ever be able to get any seat at all where I would be boarding).
�
On the other hand I am also considering longer term, as in (hopefully) retiring in a few years' time and becoming less active. The proximity to a mall / MRT / buses is not so much for the public transport, but rather for the convenience of mall amenities; e.g. if I suddenly feel like having breakfast at Coffee Bean or dinner at Ding Tai Feng, all I need to do is to take the lift down instead of reaching out for the car keys or the MRT card.
�
But I am not sure if this "convenience" is really worth the hassle, or simply over-rated. If not for this, a condo's a condo, location (geographically) simply does not hold as much significant (at least not for me) when planning to wind down.�
�
Having been a guy who has done both�
�
ie- stayed 2min (walk) to MRT �and �stay 10min (walk)
�
personally speaking, the premium attached to MRTs is not worth it... really.
within 1m.. everything looks same/boring... within �yr... u won't want to relac jack there liao.. rather drive further away...�
�
suggest get somewhere further away from MRT... pay lesser.. get car... whole sgp is ur oyster�
i have a different thought
if i am retiring and less active
i want to stay away from the hussle and bustle of shopping mall
i would eat breakfast at hdb kopitiam and kaypoh for hours
if i need to go shopping mall to dine or shopping, being retiree i should be travelling at non peak hour
no point to live above shopping mall and i hate shopping mall - lol
the "premium" paid for living above shopping mall just dont worth it
but for investment, it is a good selling point - should be no problem to find tenant or resale
investment and own stay is mutualy exclusive consideration - to me at least
but what do i know ... everyone saying yishun is no longer ulu
it's the new orchard ... future no $2k psf no talk
then buy at $1.3k psf huat liao
Edited by Wt_know, 15 April 2015 - 11:22 AM.
i have a different thought
if i am retiring and less active
i want to stay away from the hussle and bustle of shopping mall
i would eat breakfast at hdb kopitiam and kaypoh for hours
if i need to go shopping mall to dine or shopping, being retiree i should be travelling at non peak hour
no point to live above shopping mall and i hate shopping mall - lol
the "premium" paid for living above shopping mall just dont worth it
but for investment, it is a good selling point - should be no problem to find tenant or resale
investment and own stay is mutualy exclusive consideration - to me at least�
�
�
Having been a guy who has done both�
�
ie- stayed 2min (walk) to MRT �and �stay 10min (walk)
�
personally speaking, the premium attached to MRTs is not worth it... really.
within 1m.. everything looks same/boring... within �yr... u won't want to relac jack there liao.. rather drive further away...�
�
suggest get somewhere further away from MRT... pay lesser.. get car... whole sgp is ur oyster�
�
Hmmm... I now stay near an MRT station (5 mins mostly-sheltered-walk I think) with good neighbourhood amenities like eating places, shops and supermarkets, just not a mall. Haha, perhaps it's the "grass greener on the other side" syndrome ba, makes me think that perhaps staying on top or near a mall is not such a bad idea.
�
For me I think I can still keep part of the "investment" element if I really do go for this purchase; as in I will likely still keep and rent out my current place, so if in a few years I get bored or find living atop a mall not my "thing", I can still do a switch and come back to stay at my current place and rent out the mall place instead.
�
But of course all these are just plans, still have to work out the finances first, don't want to end up having to re-enter the workforce after my planned retirement just so that I can service a miserable mortgage.�
Edited by efssc, 15 April 2015 - 11:14 AM.
i have a different thought
if i am retiring and less active
i want to stay away from the hussle and bustle of shopping mall
i would eat breakfast at hdb kopitiam and kaypoh for hours
if i need to go shopping mall to dine or shopping, being retiree i should be travelling at non peak hour
no point to live above shopping mall and i hate shopping mall - lol
the "premium" paid for living above shopping mall just dont worth it
but for investment, it is a good selling point - should be no problem to find tenant or resale
investment and own stay is mutualy exclusive consideration - to me at least
but what do i know ... everyone saying orchard is no longer ulu
it's the new orchard ... future no $2k psf no talk
then buy at $1.3k psf huat liao
Agree. Unless one can give up car ownership totally, why pay the premium for own stay? To derive maximum benefit from the integrated location, it means not owning a car, other LPPL. The thought of not having the option to drive when I want to make that decision for me.
Rather stay in a condo like Kovan Residences, opposite shopping mall and hawker centre but still have some peace and exclusivity (not in the elite sense).
If for retirement own stay better stay away from investor project. When building become old need top up money investor most likely veto. And tenants odds of using facilities will be higher.
Agreed on some bros comment. Best is places near enough but dun be direct or beside. Eg amk centro is not idea for someone to stay long term in my opinion.
Edited by Bacteria83, 15 April 2015 - 11:21 AM.
�
�
�
Hmmm... I now stay near an MRT station (5 mins mostly-sheltered-walk I think) with good neighbourhood amenities like eating places, shops and supermarkets, just not a mall. Haha, perhaps it's the "grass greener on the other side" syndrome ba, makes me think that perhaps staying on top or near a mall is not such a bad idea.
�
For me I think I can still keep part of the "investment" element if I really do go for this purchase; as in I will likely still keep and rent out my current place, so if in a few years I get bored or find living atop a mall not my "thing", I can still do a switch and come back to stay at my current place and rent out the mall place instead.
�
But of course all these are just plans, still have to work out the finances first, don't want to end up having to re-enter the workforce after my planned retirement just so that I can service a miserable mortgage.�
�
I'm unable to see your push factor. I say stay put and take your pick when prices drop further.
Agree. Unless one can give up car ownership totally, why pay the premium for own stay? To derive maximum benefit from the integrated location, it means not owning a car, other LPPL. The thought of not having the option to drive when I want to make that decision for me.
Rather stay in a condo like Kovan Residences, opposite shopping mall and hawker centre but still have some peace and exclusivity (not in the elite sense).�
Why cannot pay premium for own home and own a car at the same time? Throttle say one muayhahahaha�
Integrated Development Projects will have it's own Fan base one. Not for everyone i agree.
Dun believe, look at North Park Residence take up % in current poor market.
Look back at all others IDPs which are sold out relatively fast.
Statistics dun lie. Good luck. NPR moving fast.
Hope u get ur Choiced unit.
�
�
Hmmm... good point, the congested state of our public transport is one of the main reason why I kept driving despite there being MRT stations near both home and office, there are even direct buses too (though I doubt I will ever be able to get any seat at all where I would be boarding).
�
On the other hand I am also considering longer term, as in (hopefully) retiring in a few years' time and becoming less active. The proximity to a mall / MRT / buses is not so much for the public transport, but rather for the convenience of mall amenities; e.g. if I suddenly feel like having breakfast at Coffee Bean or dinner at Ding Tai Feng, all I need to do is to take the lift down instead of reaching out for the car keys or the MRT card.
�
But I am not sure if this "convenience" is really worth the hassle, or simply over-rated. If not for this, a condo's a condo, location (geographically) simply does not hold as much significant (at least not for me) when planning to wind down.�
Only a MAD MAN would want that.
The noise, congestion hustle bustle is just nice to make one go crazy.
Totally ridiculous.
I would choose to live at least 10mins away from MRT if i didnt drive.
Its more peaceful and liveable overall.
This is not hotel it is a residence.
Think thrice before buying such developments as homes.�
Why cannot pay premium for own home and own a car at the same time? Throttle say one muayhahahaha�
Can can.
Muayhahahahaha
�
I'm unable to see your push factor. I say stay put and take your pick when prices drop further.
�
Yeah.. that's the other thing I seem to pick up from reading this pages as well as another thread, that most people feel property prices will drop further? Honestly I have no clue with regards to the local property market trend (haven't been keep tabs except what I read from the news), only thing I know is; a friend of mine bought at the Estuary (also Yishun) a few years ago and has been complaining ever since (value dropping since he bought, much further to the MRT station than he imagined etc.). �
�
Actually how does / will a further drop in private property resale prices affect new launches (both NP and SV are new)? Will developers start to offer discounts if they are not able to achieve certain sales targets? Once saw a "condo re-launch" listing on propertyguru which promised "new, better pricing"; what leads to a condo being re-launched? Really bad sales? And will the new pricing really be significantly better?
�
And yes, you are right, there isn't any real push factor in my case. My current place is perfectly alright for me to continue staying so there's no real hurry for me to act or anything, but buying a second property has always been in the pipeline to help diversify my investments and perhaps even generate some rental income (be it stay new and rent out old or vice versa) when I retire.�Just so happened that NP was launched during this time and its "mall condo" concept aroused my curiosity and interest enough to find out more (I actually came across SV while searching for other mall condos), but that's about it.�
Only a MAD MAN would want that.
��
Singapore need to Greatly improve and built up it's Psychatric Hospitals/Homes to store the ten of thousands of people who had bought their homes within or mins from IDPs assuming they are all MAD Man� LOLOL
�
�
�
And yes, you are right, there isn't any real push factor in my case. My current place is perfectly alright for me to continue staying so there's no real hurry for me to act or anything, but buying a second property has always been in the pipeline to help diversify my investments and perhaps even generate some rental income (be it stay new and rent out old or vice versa) when I retire.�Just so happened that NP was launched during this time and its "mall condo" concept aroused my curiosity and interest enough to find out more (I actually came across SV while searching for other mall condos), but that's about it.�
�
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Hi, If u have an eye on invest/rent, u won't go wrong with an IDP.
�
Cheers
Integrated Development Projects will have it's own Fan base one. Not for everyone i agree.
Dun believe, look at North Park Residence take up % in current poor market.
Look back at all others IDPs which are sold out relatively fast.
Statistics dun lie. Good luck. NPR moving fast.
Hope u get ur Choiced unit.
�
�
Hmmm... If the information I received (from the agent) is correct and updated, they sold 300 out of the 400 units released during pre-launch, but only another 100+ units during the actual launch itself (?). Anyway if really sold out or the units I fancy no longer available, then just have to forget it lor.
�
Same principle as when I do stocks; no need to chase a losing trade as there will always be other trades, so no need to settle for a not-so-ideal condo as there will always be other launches (I think?).
Edited by efssc, 15 April 2015 - 01:08 PM.
Only a MAD MAN would want that.
The noise, congestion hustle bustle is just nice to make one go crazy.
Totally ridiculous.
I would choose to live at least 10mins away from MRT if i didnt drive.
Its more peaceful and liveable overall.
This is not hotel it is a residence.
Think thrice before buying such developments as homes.�
Actually I went to see a resale at the Centris, and saw Jurong Point at the same time, I think I know what you mean on the congestion part; the noise part I find it still ok once you are up there (provided your floor is high and far away enough from the mall).
�
Not sure if NP will be the same. In fact I am thinking, with the new mall planned so much bigger than the existing one (100+ shops), and another new mall ("Nine Residence" or something, also another mall condo) just a few blocks away, will they even be able to fill up all the 500+ shops?�
�
Hmmm... If the information I received (from the agent) is correct and updated, they sold 300 out of the 400 units released during pre-launch, but only another 100+ units during the actual launch itself (?). Anyway if really sold out or the units I fancy no longer available, then just have to forget it lor.
�
Same principle as when I do stocks; no need to chase a losing trade as there will always be other trades, so no need to settle for a not-so-ideal condo as there will always be other launches (I think?).
�
Correct. Ur info so far is quite accurate. In current market, i dunno about u but i would classify NPR sales as brisk. No point chasing after units/stocks i agree. If u missed one that is a performer u can always pick another one. Any property in SG to me is a good stock if u looking at 15yrs UP. Some will do better (Rentability/Yield/Appreciation) than others that's all.
�
Cheers
�
Correct. Ur info so far is quite accurate. In current market, i dunno about u but i would classify NPR sales as brisk. No point chasing after units/stocks i agree. If u missed one that is a performer u can always pick another one. Any property in SG to me is a good stock if u looking at 15yrs UP. Some will do better (Rentability/Yield/Appreciation) than others that's all.
�
Cheers
�
You are obviously more familiar with the property market than I am, hope you don't mind I tap your expertise a little with a layman question.
�
Between North Park and Sky Vue, which do you think would be a better choice for investment? Following is a simple comparison I did;
�
1) Sky Vue = cost around 20% more than North Park based on same unit type and similar floor area.
�
2) SV TOP in Oct 2017 vs NP TOP in end 2018.
�
3) Junction 8 and Bishan MRT / Bus Interchange more or less matured and fixed, whereas Yishun / Northpoint City still developing, not to mention the new hospitals, expressways etc.
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4) Bishan MRT has 2 separate lines and is closer to City.
�
5) SV, though near, is not exactly on top of Junction 8 whereas NP is part of Northpoint City (though honestly speaking, the NP development is so dxxn big I'm not sure if I buy a unit in a "wrong" corner it wouldn't be a further walk to Yishun MRT than it is from SV to Bishan).
�
Thanks in advance.�
Edited by efssc, 15 April 2015 - 01:36 PM.
�
Actually I went to see a resale at the Centris, and saw Jurong Point at the same time, I think I know what you mean on the congestion part; the noise part I find it still ok once you are up there (provided your floor is high and far away enough from the mall).
�
Not sure if NP will be the same. In fact I am thinking, with the new mall planned so much bigger than the existing one (100+ shops), and another new mall ("Nine Residence" or something, also another mall condo) just a few blocks away, will they even be able to fill up all the 500+ shops?�
�
Since u touch on Centris, I believe centris offers u better value than NPR.�
�
1) Rentability. (Huge expat tenants mkt. Esp Japs/Koreans/Ang mo).
2) Yield. (Gross yield is 4% upwards currently) Excellent in current mkt.
3) Immediate Rental returns as TOP. NPR TOP estimated 2019.
4) Jurong undergoing Massive transformation (Billions invested).
5) Limited residential land in Jurong for New Condos in future. (Extremely developed).
6) Jurong Point 1 & 2 is very well managed and wide arrays of shops, banks, amenities.
7) Piece of Mix use residential land opp Centris. Possible integrate with existing JP1 & JP2 to form JP3? (Potential Biggest IDP in SG)�
�
* Hustle & Bustle is standard like NPR. All IDPs have these issues. SG in future 7m ppl. No JAMS??? Just need take note of the Planes flying weekdays. All westerners used to it. And maybe some claims Air Pollution? lol
�
You are obviously more familiar with the property market than I am, hope you don't mind I tap your expertise a little with a layman question.
�
Between North Park and Sky Vue, which do you think would be a better choice for investment? Following is a simple comparison I did;
�
1) Sky Vue = cost around 20% more than North Park based on same unit type and similar floor area.
?Actually i think at 1.5-1.6k�pst for Sky Vue is overpriced.
�
2) SV TOP in Oct 2017 vs NP TOP in end 2018.
Sky Vue will be able generate rental faster. Will be much more rentable as central location with Circle line & NS line MRT.
As for Gross yield due to 20% higher capital outlay. Could be quite close.
�
3) Junction 8 and Bishan MRT / Bus Interchange more or less matured and fixed, whereas Yishun / Northpoint City still developing, not to mention the new hospitals, expressways etc.
Do note that Bishan within that proximity there are still plots of land slated for resi. So i predicts more Condos to come. I dunno if that will cause more competition for tenants. Own stay will be fine thou.
�
4) Bishan MRT has 2 separate lines and is closer to City.
Location wise no doubt Sky Vue is better �than NPR. But in 20yrs time, Woodlands/Seletar/North will have exciting catalyst too. Might bridge the GAP in location premium.
�
5) SV, though near, is not exactly on top of Junction 8 whereas NP is part of Northpoint City (though honestly speaking, the NP development is so dxxn big I'm not sure if I buy a unit in a "wrong" corner it wouldn't be a further walk to Yishun MRT than it is from SV to Bishan).
�
Both are good buys actually. NPR more for longer term. And rentability might be abit more challenging near future. But like u say, it's 20% cheaper. I�actually will suggest u also seriously consider Centris resale at appx $1.1-$1.2k�psf. Their 2 bedders are fetching a rent figure from $3.5 - $4k there�abouts. And ur rentals comes in IMMEDIATE.�
�
Thanks in advance.�
�
�
Hi,
�
Im no guru. Neither am i more experienced than u. I believe you are savvy enough to be able point out these 5 Qns.
I will thou try share my 0.02cents. Hope it resonates with u enough.
�
Cheers!
�
�
Singapore need to Greatly improve and built up it's Psychatric Hospitals/Homes to store the ten of thousands of people who had bought their homes within or mins from IDPs assuming they are all MAD Man LOLOL
�
�
�
Hi, If u have an eye on invest/rent, u won't go wrong with an IDP.
�
Cheers
Thats correct, i Do Not adopt herd instinct.
Thousands of people farking up doesnt mean i have to follow them to fark up even more.
I prefer my sanctuary away from all the hustle and bustle.
This is my personal opinion.
�
Since u touch on Centris, I believe centris offers u better value than NPR.�
�
1) Rentability. (Huge expat tenants mkt. Esp Japs/Koreans/Ang mo).
2) Yield. (Gross yield is 4% upwards currently) Excellent in current mkt.
3) Immediate Rental returns as TOP. NPR TOP estimated 2019.
4) Jurong undergoing Massive transformation (Billions invested).
5) Limited residential land in Jurong for New Condos in future. (Extremely developed).
6) Jurong Point 1 & 2 is very well managed and wide arrays of shops, banks, amenities.
7) Piece of Mix use residential land opp Centris. Possible integrate with existing JP1 & JP2 to form JP3? (Potential Biggest IDP in SG)�
�
* Hustle & Bustle is standard like NPR. All IDPs have these issues. SG in future 7m ppl. No JAMS??? Just need take note of the Planes flying weekdays. All westerners used to it. And maybe some claims Air Pollution? lol
�
Thanks Bro for your insights and sharings.
��
Thats correct, i Do Not adopt herd instinct.
Thousands of people farking up doesnt mean i have to follow them to fark up even more.
I prefer my sanctuary away from all the hustle and bustle.
This is my personal opinion.�
I respect ur Sanctuary and ur decision not to Fark Up.
Hope u oso respect the HERDs and dun stereotype them as MAD MAN.
�
Peace
Thats correct, i Do Not adopt herd instinct.
Thousands of people farking up doesnt mean i have to follow them to fark up even more.
I prefer my sanctuary away from all the hustle and bustle.
This is my personal opinion.�
Thank you too Bro, for your honest and frank opinions.�
�
Thanks to all others who had taken the time to reply my query as well.�
�
Why cannot pay premium for own home and own a car at the same time? Throttle say one muayhahahaha�
If got money to buy 7 new Bentley and with 50% financing, a 15-seater Bombardier private jet (shit can fly one), I won't feel secure to stay in an integrated development.
I can't afford even 1 old Bentley, so must trade off a little.
if able to pay full cash, �buy any property also correct
�
if unable, buy any property also wrong
�
just remember MCF golden rule
�
�
�
Buy these full cash
�
Singapore need to Greatly improve and built up it's Psychatric Hospitals/Homes to store the ten of thousands of people who had bought their homes within or mins from IDPs assuming they are all MAD Man� LOLOL
�
�
�
Hi, If u have an eye on invest/rent, u won't go wrong with an IDP.
�
Cheers
... will be a very lucrative business because those MAD Man are mostly VERY RICH MAN.
... will be a very lucrative business because those MAD Man are mostly VERY RICH MAN.
Is yield and rental at Compass Point (Sengkang) better than Kovan Residence or Kovan Melody?
Yishun location better than Compass Point? I think same same but at 1400 psf, sorry, it is madness for investment.
Is yield and rental at Compass Point (Sengkang) better than Kovan Residence or Kovan Melody?
Yishun location better than Compass Point? I think same same but at 1400 psf, sorry, it is madness for investment.... sorry... I don't know much about Compass point and Kovan.
�
.
.
When mention IDP, what appears in my mind is Ion...
Ya, only "MAD MAN" pays $4000 psf for a 99 years condo with 3000+sqf...
�
I respect ur Sanctuary and ur decision not to Fark Up.
Hope u oso respect the HERDs and dun stereotype them as MAD MAN.
�
Peace
thats solely my opinion of matters.
Does it hurt you if i stereotype them as mad men?
If it does, i would say plse try not to feel that way.
There will always be differences in opinions
My ex girlfren may look like a princess to me but a witch to me.
So We agree to disagree.
And it is exactly this disagreement that makes every single market in this world continue the frenzy.
if able to pay full cash, �buy any property also correct
�
if unable, buy any property also wrong
�
just remember MCF golden rule
�
�
�
Bro, i'll hv to disagree.
I have enough cash to buy properties in full.
But it still doesnt mean any property at any time is correct.
For investments in property, timing is really the difference.
If your timing is good, you start making money on day two
If your timing sucks, you dont make money even after day two thousand.
Of course in the long run, you will make money but you may also be dead.
So its best to try to make sure that you make earlier than later.
My ex girlfren may look like a princess to me but a witch to me.
So We agree to disagree.
How often do you disagree with yourself in a day?
How often do you disagree with yourself in a day?
Well despite me typing too quickly and putting the me instead of you, i am pretty sure that you are not that Sabian to miss what i am driving at , right?
Ok, 5 points and a cigar for pointing out my typo mistake.
Well despite me typing too quickly and putting the me instead of you, i am pretty sure that you are not that Sabian to miss what i am driving at , right?
Ok, 5 points and a cigar for pointing out my typo mistake.�
I know what you mean. Just pulling your leg. Mai so serious leh.
Only a MAD MAN would want that.
The noise, congestion hustle bustle is just nice to make one go crazy.
Totally ridiculous.
I would choose to live at least 10mins away from MRT if i didnt drive.
Its more peaceful and liveable overall.
This is not hotel it is a residence.
Think thrice before buying such developments as homes.
Can can.
Muayhahahahaha�
You not heartlander lor...
We heartlanders love the "heartland's buzz"
Edited by L_club23, 16 April 2015 - 11:28 AM.
�
You not heartlander lor...
We heartlanders love the "heartland's buzz"
Well whadayanoe!
I grew up in the heartlands and am living in the heartlands today.
On the contrary, all these new developments are not heartlandish at all.
They are trying to bring Orchard Road to the heartlands.
Something which to me is a lost cause.
You can easily take the boy out of the kampung but it is very difficult to take the kampung out of the boy.
Ok, 5 points and a cigar for pointing out my typo mistake.
�
soon we can have a mass MCF cigar meetup with you providing all the cigars
�
I can't tell u if ppty prices up or down
�
but can tell u that yishun condo going to increase price soon
�
lucky first batch buyers
�
already huat from day 1 =)
buy is easy ... ahem (some say full cash)
but can sell and make money or not?I can't tell u if ppty prices up or down
�
but can tell u that yishun condo going to increase price soon
�
lucky first batch buyers
�
already huat from day 1 =)
Edited by Wt_know, 16 April 2015 - 04:15 PM.
huat from day 1? can sell or not?
buy is easy ... ahem (some say full cash)
but can sell and make money or not?
��
is that impt? many people like to feel shiok with paper gain
�
next batch buyer will also scared to miss the boat and buy
�
then FCL can raise price even more during the third phase�
�
is that impt? many people like to feel shiok with paper gain
�
next batch buyer will also scared to miss the boat and buy
�
then FCL can raise price even more during the third phase�
�
This kind of development doesnt come easily. How many condo projects can have mall/MRT/interchange together? Is like buy 1 get 3 free
�
This kind of development doesnt come easily. How many condo projects can have mall/MRT/interchange together? Is like buy 1 get 3 free
�
crazy... �these sub-urb prices hit until so high in such climates... downside too huge imo...
�
people who really love the place.... please try not to have to take too large a loan on mortgage... interest rate go up to 3%... cannot be service loan... HAVE to sell house.. realize paper loss...
????�
�
only in sgp can developers be allowed to price property according to amenities and not location.. crazy profit margins.. well.. �????
�
crazy... �these sub-urb prices hit until so high in such climates... downside too huge imo...
�
people who really love the place.... please try not to have to take too large a loan on mortgage... interest rate go up to 3%... cannot be service loan... HAVE to sell house.. realize paper loss...
????�
�
only in sgp can developers be allowed to price property according to amenities and not location.. crazy profit margins.. well.. �????
�
Not our business. We are not buying anyway�
�
This kind of development doesnt come easily. How many condo projects can have mall/MRT/interchange together? Is like buy 1 get 3 free
�
yishun now is not for the average man on the street, so i can't afford it
�
even if i got money also have to ballot and depend on lucky stars to get a unit
�
i can only watch and congratulate those who are fortunate enough to buy�
�
yishun now is not for the average man on the street, so i can't afford it
�
even if i got money also have to ballot and depend on lucky stars to get a unit
�
i can only watch and congratulate those who are fortunate enough to buy�
�
Ballot? I thought you are property agent. Cannot jump queue meh?�
i have a different thought
if i am retiring and less active
i want to stay away from the hussle and bustle of shopping mall
i would eat breakfast at hdb kopitiam and kaypoh for hours
if i need to go shopping mall to dine or shopping, being retiree i should be travelling at non peak hour
no point to live above shopping mall and i hate shopping mall - lol
the "premium" paid for living above shopping mall just dont worth it
but for investment, it is a good selling point - should be no problem to find tenant or resale
investment and own stay is mutualy exclusive consideration - to me at least
but what do i know ... everyone saying yishun is no longer ulu
it's the new orchard ... future no $2k psf no talk
then buy at $1.3k psf huat liao�
last time, ppl also say tampines no more ulu........
�
pls lor.... when they have vested interests, they can say whatever.�
�
If they can say to buy Danga, Iskandar JB home coz its only a causeway away, what cannot be�sold in SG?��Everywhere is no more ulu liao.
�
Only the smart buyers are discerning about what is worth and what is�not.
�
yishun now is not for the average man on the street, so i can't afford it
�
even if i got money also have to ballot and depend on lucky stars to get a unit
�
i can only watch and congratulate those who are fortunate enough to buy�
Gx gx to all the buyers.
keep buying!
Mai scare.
Confirm huat ah....
:)
next to columbarium ... all cry papa cry mama
next to hospital ... sell like hot cakes?
�
is this guy for real or waiting to lowball? lol
�
This kind of development doesnt come easily. How many condo projects can have mall/MRT/interchange together? Is like buy 1 get 3 free
I am going to buy Compass Height tomorrow, 800 plus psf, cheap cheap. It is an integrated development in Central Sengkang, with MRT, shopping mall, library, coffee shop, hospital, community centre and even LRT thrown in for free. And less jam than Yishun and priced lower than 1200 psf at Kovan Residence, 900 psf at Quartz (also in Sengkang).
Well whadayanoe!
I grew up in the heartlands and am living in the heartlands today.
On the contrary, all these new developments are not heartlandish at all.
They are trying to bring Orchard Road to the heartlands.
Something which to me is a lost cause.
You can easily take the boy out of the kampung but it is very difficult to take the kampung out of the boy.�
Have to agree.
This is a heartland town.
Ask me pay $ for HDB here, sure no problem. Ask me pay $ for pte property here, no way.
I am going to buy Compass Height tomorrow, 800 plus psf, cheap cheap. It is an integrated development in Central Sengkang, with MRT, shopping mall, library, coffee shop, hospital, community centre and even LRT thrown in for free. And less jam than Yishun and priced lower than 1200 psf at Kovan Residence, 900 psf at Quartz (also in Sengkang).
image.jpg
Less jam meh. The morning to join TPE and evening queue to get back in from TPE is...
Less jam meh. The morning to join TPE and evening queue to get back in from TPE is...
Everything is relative, you go Yishun during peak hours and see for yourself.
I am going to buy Compass Height tomorrow, 800 plus psf, cheap cheap. It is an integrated development in Central Sengkang, with MRT, shopping mall, library, coffee shop, hospital, community centre and even LRT thrown in for free. And less jam than Yishun and priced lower than 1200 psf at Kovan Residence, 900 psf at Quartz (also in Sengkang).
You forgot police station too!
Everything is relative, you go Yishun during peak hours and see for yourself.
Sometimes going back to yishun direction by CTE even before you come down from the snake road to lentor already got jam waiting for you. C
�
soon we can have a mass MCF cigar meetup with you providing all the cigars
�
You should know by now that i dont do meetups unless you guys look like Angelababy or cecilia cheung , you know what i mean....
You should know by now that i dont do meetups unless you guys look like Angelababy or cecilia cheung , you know what i mean....
He said he looks like some Korean pop star chiobu
May be looking for a sugar daddy too
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