Which Direction Will Property Prices Go ?

[oldchanggold]

kassia already doing preview.

Upcoming only emerald and chuan…..maybe norwood and parktown later

Not bad leh. From 1,700psf?!

 

[DevilPlate]

Not bad leh. From 1,700psf?!

This guy sells koyok

From 18xxpsf lah

 

[oldchanggold]

This guy sells koyok

From 18xxpsf lah

Unless I'm wrong, i don't think cross island line stations will be near Flora Drive area. Feel they suay sia.

 

[DevilPlate]

If Chuan park ave 2500psf (pre harmo) vs Emerald ave 2700psf (post harmo), which one to buy for let say 3BR?
I choose Chuan.

 

[DevilPlate]

Unless I'm wrong, i don't think cross island line stations will be near Flora Drive area. Feel they suay sia.

Not near any MRT…..doorstep bus stop whahaha

However Parc Komo already hitting ave 18xxpsf which faces Prison and next to petrol kisok and fronting busier road…….Kassia ave 19xxpsf OK lah……Parc Komo owners prolly sian 1/2

 

[applejack]

If Chuan park ave 2500psf (pre harmo) vs Emerald ave 2700psf (post harmo), which one to buy for let say 3BR?
I choose Chuan.

At such pricing both are competitive.

Ownstay i choose chuan. Coz i like the area coz im ocr guy. investment wise, will choose emerald.

 

[elvintay07]

As i said before, if EC MOP 8-9years later cannot even hit 18xxpsf, then GL to all those Lentor owners

If EC lose money, many ppl will chop kkj

 

[Blue_phantom]

kingsford CMI.

 

[cyberklan]

Katong is gfa harmony bear. 2800psf is reasonable

Tembusu grand already trading at 2550-2650
katong emerald need to price same ma.
Yes got land cheap. But dev not everytime also get land cheap, so must make use of opportunity

(sora also nv undercut lakegardens even though sora got land cheap, why would emerald undercut tembusu grand even though emerald got land cheap)

say gfa good layout
2b2b 600sqft

600*2800 = 1,680,000 very palatable for d15

Developers CEOs confirm got pakat pakat one lah…play golf together and remind one another not to sabo each other…

 

[applejack]

kingsford CMI

Normanton park quite okie right

 

[cyberklan]

I guess 50% sold at average price of 2650 for chuan

and 55% sold at average price of 2800 for katong emerald

propnex ceo will comment developer priced reasonably, reflect strong buying sentiment among discerning buyers

My friends even more bullish.. predict 70% sold on weekend launch for Chuan

 

[Blue_phantom]

Normanton park quite okie right

See my earlier comments. Quality issue aside. That project has a high % of one and two bedders for investors . Over 300 listings in guru and only 5-6 sales made per month. It will be hard for buyers to realize profit. Also hearsay my fren’s fren is offering 3% comm to agents to bring in buyers and push the unit since so many competitors and very hard to sell. Hear rental is competitive now too. The agents like trying to create alot of hype over this project on Chinese social media to rent out to the students making it look like some big huat but stats not showing .

This developer just don’t make competitive projects . Compare to other projects in same period the kingsford proj almost never do as well. You see waterbay and hill view peak perf so so only. Imagine if you bought like WG or treasures or JS or PE over the same period .

I am biased that way and feel free to prove me wrong. Still won’t be paying 2600 for chuan even if it’s cdl project. ( I stay close to that area too) .

 

[Advancer]

My friends even more bullish.. predict 70% sold on weekend launch for Chuan

Unless the 70% sold are all one bedroom. Haha

 

[Hyruga]

2500 psf for lorong chuan condo by developer Kingsford is too steep a price.

But there will always be desperate buyers who are not rational and they will be led to buy by their powerful agents.

 

[DevilPlate]

Btw forestwood hitting close to 2kpsf liao.....Chuan 2500psf OK imo apart from dev reputation

 

[Blue_phantom]

Btw forestwood hitting close to 2kpsf liao.....Chuan 2500psf OK imo apart from dev reputation

Is that a reasonable gap ? Like that water bank at 2000 to 2300psf makes GD at 2800psf a good buy. Since waterbank much older. I would argue forest woods has better location than chuan with sheltered walking distance to nex .

 

[DevilPlate]

Is that a reasonable gap ? Like that water bank at 2000 to 2300psf makes GD at 2800psf a good buy. Since waterbank much older. I would argue forest woods has better location than chuan with sheltered walking distance to nex .

I dislike forestwood land plot...flanked by major roads and flyover plus blocks super close to each other

Waterbank initially 1800psf when GD launched btw. Resale Prices caught up whahaha

 

[applejack]

See my earlier comments. Quality issue aside. That project has a high % of one and two bedders for investors . Over 300 listings in guru and only 5-6 sales made per month. It will be hard for buyers to realize profit. Also hearsay my fren’s fren is offering 3% comm to agents to bring in buyers and push the unit since so many competitors and very hard to sell. Hear rental is competitive now too. The agents like trying to create alot of hype over this project on Chinese social media to rent out to the students making it look like some big huat but stats not showing .

This developer just don’t make competitive projects . Compare to other projects in same period the kingsford proj almost never do as well. You see waterbay and hill view peak perf so so only. Imagine if you bought like WG or treasures or JS or PE over the same period .

I am biased that way and feel free to prove me wrong. Still won’t be paying 2600 for chuan even if it’s cdl project. ( I stay close to that area too) .

what i see on edgeprop is 32 sub-sale Normanton, all profitable
very decent profits

2 bedroom made 200-250k
3 bedroom made 350k

as a sinkie i believe in yellow ribbon project,

Hillview peak is an exception. Developer already 痛改前非

normanton 1800 units can deliver
Chuan 900units sup sup sui

Im not saying chuan 2650 cfm can earn money. Scala didnt do well, but chiltern and springbloom very strong.

again for own stay is really perfect, come out of mrt is there already.

 

[DevilPlate]

Im now leaning towards new launches vs resale liao....unlike 2years ago hahaha

 

[oldchanggold]

I dislike forestwood land plot...flanked by major roads and flyover plus blocks super close to each other

Waterbank initially 1800psf when GD launched btw. Resale Prices caught up whahaha

The resales in D15 benefitted from the new launches sia. Even Haig Court and Buttersworth 8 gained 100-150 psf (i agar agar eyeball) between 1Q last year to date sia.

Btw got 1 sickening transaction at Buttersworth 8 for 1345 sqft, a gain of 700k within 3 years of buying and selling. This guy masterfully scalped out the best of Covid-19 and new launches.