Hundred Palms Residences

[Dakashi]

Totally understand where you are coming from.. i hope u can get your dream home soon in your preferred location..

Thanks! Praying for better luck and keep searching for the dream home in my area!

 

[isaacngre]

Hi @josh123

There are a couple other developments in the area that are approaching TOP.

PM me if you are keen to find out more about these developments as well as the latest pricing, information and balance units available.

I’m also unsuccessful in the recent balloting for HPR, now thinking if regentville is a good alternative as my work place is nearby. Anyone has insight on the value of this older condo holding up compared to getting a resale hdb nearby instead?

 

[windwaver]

From 800psf ec when launch to 1600psf pc now how many can really buy haha.

Decades ago when bishan was first launched, there were also a lot of people say cannot buy.

We all know by now that was pretty wrong (I was one of those).

 

[holasingapura]

Decades ago when bishan was first launched, there were also a lot of people say cannot buy.

We all know by now that was pretty wrong (I was one of those).

Is singapore still a developing country like decades ago? Is our economy still growing at more than 5% a year? Jealous of the windfall that your grandparents or friends' grandparents made from property and hope to replicate that?

 

[Merg91]

STI doesn't show the end of Singapore economy is near.

 

[isaacngre]

STI doesn't show the end of Singapore economy is near.

Neither do majority of job reports.

The recent news (just 2 days ago) of Far East Organisation (FEO) voluntarily paying an ABSD of 15% on their land acquisition of Chancery Court (so they are not limited by a deadline to sell) is also a clear signal from one of the biggest players of where they expect Property Prices in SG to be heading.

As the next US presidential elections approaches, we should see the beginning of a regression of the URA Property Private Index (PPI) to its historical tracking of GDP (current PPI undertracking 24%).

 

[Don_Corleone]

I am buying for long stay as my parents are staying really close by. No girl to buy with me when HPR was launched, so I missed the opportunity.
Based on current market price, HPR is lower in psf (yes, it is higher when it launched) and lower quantum as compared to Affinity/Florence/Gardens. And also bigger space than the private condos.

As for Sengkang, personally, i think the projects there are overprice. No point buying there for the sake of staying in EC or Condo. I would rather look for resale HDB around my area. Having staying in Serangoon/Kovan area, Sengkang is really a "S hit" place (sorry for my choice of word). Not a place to stay in terms of food/convenient/environment/accessibility. I sure i will regret.

I have same thinking as u. Hundred Palms is the only EC I have tried cos parents living in AMK. Too bad didn't get the bounced out units.

 

[Don_Corleone]

Between the two- Gardens and Affinity, prices do not differ much, both are close to 1600psf. Thus it is individual choice.

I personally can't justify that price for gardens and affinity in that area. Apart from the upcoming mrt, what would make these a good investment?

 

[endlssorrow]

Nearer to chomp chomp?
Can go eat supper every night lor

 

[endlssorrow]

I have same thinking as u. Hundred Palms is the only EC I have tried cos parents living in AMK. Too bad didn't get the bounced out units.

This EC is not near to Amk lei

 

[Pokémon]

This EC is not near to Amk lei

It is the only newer EC launches nearer to AMK, if you understand what he meant.

 

[birmingham123]

Amk is very big. Last time got 2 EC nearer to yck area, signature and criterion at yishun/khatib area

 

[RMCWMR]

Is singapore still a developing country like decades ago? Is our economy still growing at more than 5% a year? Jealous of the windfall that your grandparents or friends' grandparents made from property and hope to replicate that?

Our population is growing. Incomes are growing. Land can't increase that fast. And everyone needs a home. So when demand outstrips supply, prices go up. I thought i told you before? You don't believe now you see for yourself lo.

 

[momoeagle]

Decades ago when bishan was first launched, there were also a lot of people say cannot buy.

We all know by now that was pretty wrong (I was one of those).

2 decades + ago, 1996. I have 2 aunts who bought new launches because they say property prices will still go up.

They never broke even on the purchase, or at best, just broke even.

 

[momoeagle]

Our population is growing. Incomes are growing. Land can't increase that fast. And everyone needs a home. So when demand outstrips supply, prices go up. I thought i told you before? You don't believe now you see for yourself lo.

Ah gong says economy very weak. Until can only give 0.1 month bonus.

Ah gong also says sales of new launches is much higher than resale. So demand for resale how? If cannot sell, then how can consider as earn?

If many want to sell, then suddenly avalanche of supply of resale condo how? Can demand really outstrip supply?

Ah gong also opening GSW and Paya Lebar air base for space. A lot of land coming.

Yes everyone needs a home. But here in sg, we have among the highest home ownership rates in the world. And with a falling birth rate... Can only hope more and more foreigners come here to buy buy buy. They buy up all the CCR and RCR at higher and higher price, locals can only fight for OCR.

All these are on my list of considerations as well.

 

[RMCWMR]

Ah gong says economy very weak. Until can only give 0.1 month bonus.

Ah gong also says sales of new launches is much higher than resale. So demand for resale how? If cannot sell, then how can consider as earn?

If many want to sell, then suddenly avalanche of supply of resale condo how? Can demand really outstrip supply?

Ah gong also opening GSW and Paya Lebar air base for space. A lot of land coming.

Yes everyone needs a home. But here in sg, we have among the highest home ownership rates in the world. And with a falling birth rate... Can only hope more and more foreigners come here to buy buy buy. They buy up all the CCR and RCR at higher and higher price, locals can only fight for OCR.

All these are on my list of considerations as well.

Holland V condo take up rate very good going into the first week at $2500 psf. You say leh? Results speaks for itself

 

[holasingapura]

Our population is growing. Incomes are growing. Land can't increase that fast. And everyone needs a home. So when demand outstrips supply, prices go up. I thought i told you before? You don't believe now you see for yourself lo.

I thought I told you before. Worldwide population growth is stagnating. Use your brains, you think it is possible for population (and economy) to grow infinitely? One day it will just fall, question is when, but the fact is growth is getting slower.

Go check out the data instead of constantly claiming that demand outstrip supply. Take a tour around SG and see how much available land we have. I dont think we will finish using it in the next century.

 

[momoeagle]

Holland V condo take up rate very good going into the first week at $2500 psf. You say leh? Results speaks for itself

Good is relative. Most developments claim their first day launch is good anyway in their own creative ways.

Who defines that 30% take up on first day is very good?

In fact, a 2014 business time article stated that
"The average take-up rate in condominium launches has also fallen to 32.3 per cent this year, down from 67.2 per cent in 2013 and 96.9 per cent in 2012, based on the study."

So is 31.2% very good?
Might be to you.
Definitely not me.

Then again, we talk so much. Most of us can't afford those with ease, so we probably don't know the strategies of those buyers. It's at a different level and scale already. Someone I know was aiming to buy a condo unit a year as part of his investment portfolio before ABSD. He inherited a massive amount and is following a consistent strategy.

 

[RMCWMR]

I thought I told you before. Worldwide population growth is stagnating. Use your brains, you think it is possible for population (and economy) to grow infinitely? One day it will just fall, question is when, but the fact is growth is getting slower.

Go check out the data instead of constantly claiming that demand outstrip supply. Take a tour around SG and see how much available land we have. I dont think we will finish using it in the next century.

You can argue all you want. The result is bare for all to see. SKG at $1800 psf, 77% take up rate during initial launch. Holland V launch at $2500 psf healthy take up rate at launch. The majority of buyers 93% for both project are Singaporeans. Meanwhile S&P and DJ at all time high, people are getting richer.

Worwide population growth is growing at 1.08% from a base of 7.7 billion people. That means every year there is an additional 83 million people added every single year. The entire population of Singapore + PR+ Foreigner is only 5-6 million. There are more and more people in the world. Open your eyes.

 

[RMCWMR]

Good is relative. Most developments claim their first day launch is good anyway in their own creative ways.

Who defines that 30% take up on first day is very good?

In fact, a 2014 business time article stated that
"The average take-up rate in condominium launches has also fallen to 32.3 per cent this year, down from 67.2 per cent in 2013 and 96.9 per cent in 2012, based on the study."

So is 31.2% very good?
Might be to you.
Definitely not me.

Then again, we talk so much. Most of us can't afford those with ease, so we probably don't know the strategies of those buyers. It's at a different level and scale already. Someone I know was aiming to buy a condo unit a year as part of his investment portfolio before ABSD. He inherited a massive amount and is following a consistent strategy.

I do. 30% take up rate ON FIRST DAY OF LAUNCH is tremendously good. Name me one other country aside from maybe HK whose property launch can achieve a take up rate of 30% on the first day of sale in today's context?

Don't forget 90+% of buyers for both SKG and Holland V are Singaporeans. So your statement that most of us cannot afford is untrue. Maybe just you and me. Other Singaporean can easily afford.