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Old 21-06-2020, 09:03 AM   #1246
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Ola launch in March 2020.
Parc Canberra launch in Feb 2020.
Piermont launch in July 2019.
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Cannot comment about Piermont.
But if compare Canberra with OLA, the worse performer is obvious.

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Old 21-06-2020, 09:23 AM   #1247
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OLA caveat, from launch till 14 June 2020.
176 out of 548 sold. 32.1%.
April > 8 units sold
May > 1 unit sold
June > 1 unit sold

Piermont Grand caveat:
530 out of 820 sold. 64.6%.
April > 3
May > 17
June > 4

Parc Canberra caveat:
361 out of 496 sold. 72.8%.
April > 4
May > 5
June > 7
1/3 sales as expected
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Old 21-06-2020, 10:22 AM   #1248
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Blame it on the overly aggressive advertising.

Broke the basic marketing rule of consumer fatigue.
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Old 21-06-2020, 12:04 PM   #1249
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Blame it on the overly aggressive advertising.

Broke the basic marketing rule of consumer fatigue.
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In the good old days, projects sold out within weeks without advertising.

Today, advert like crazy also...

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Old 22-06-2020, 11:30 PM   #1250
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Ola’s current sale is another horror story altogether
This indeed a horror story... but im surprised its still clocking in at around 32% sold...

Started seeing the adverts on buses again while driving... guess more air time coming soon on TV and radio with sf reopening...
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Old 23-06-2020, 08:32 AM   #1251
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1. What are the factors for low sales of this project?
2. If this low sales continue eg. for a year or two, will it effect the construction progress as amt received from progressive payment not enough to pay off come construction works?
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Old 23-06-2020, 09:30 AM   #1252
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U only see this proj aggressively advertising n using alot of celebs to market it but the response/take up rate dont corresponde to their marketing effort

Blame it on the overly aggressive advertising.

Broke the basic marketing rule of consumer fatigue.
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Old 23-06-2020, 10:07 AM   #1253
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U only see this proj aggressively advertising n using alot of celebs to market it but the response/take up rate dont corresponde to their marketing effort
Guess its the marketing style of the developer... they did it with Gem Residences as well isnt it? thou i dont remember it to be as annoying....
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Old 23-06-2020, 01:37 PM   #1254
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I'm quite sure it turned away many serious buyers.

If can fark up a simple thing such as marketing, shudder to think wat else.
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Old 27-06-2020, 11:11 PM   #1255
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Watching Conjuring 2 on Channel 5...

Suddenly OLA ad in mandarin pop up...
Ohhhh OLA commercial back lo!
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Watching annebel when
Chen Hanwei appeared marketing Dairy Farm Residence...
Remembered him marketing OLA during the run of conjuring 2 above

Same artists appearing to recommend many different projects during horror movie slots...


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Old 15-07-2020, 11:01 PM   #1256
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Wow.. Seems like OLA sales are back on track.

6units sold in 10days after Phase 2 opens up..
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Old 15-07-2020, 11:37 PM   #1257
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Eventually someone’s going to look at the project right. Can’t be unsold forever hahas

Wow.. Seems like OLA sales are back on track.

6units sold in 10days after Phase 2 opens up..
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Old 16-07-2020, 10:19 AM   #1258
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Wow.. Seems like OLA sales are back on track.

6units sold in 10days after Phase 2 opens up..
Was tracking it. Amazing.

So many sinkies willing to pay ~$1.2k psf for an EC to stay near a hospital.
And if they have resale levy, it is even higher.

I'm quite impressed actually, although 2 of the units are pretty small, and 3 of them are almost a 4-rm flat size. I would guess that these 5 buyers are probably first timers, who are not hit by resale levy, and have a grant.
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Old 16-07-2020, 10:40 AM   #1259
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Im actually looking at it and Parc Canberra.
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Old 16-07-2020, 11:29 AM   #1260
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Was tracking it. Amazing.

So many sinkies willing to pay ~$1.2k psf for an EC to stay near a hospital.
And if they have resale levy, it is even higher.

I'm quite impressed actually, although 2 of the units are pretty small, and 3 of them are almost a 4-rm flat size. I would guess that these 5 buyers are probably first timers, who are not hit by resale levy, and have a grant.
If non pool view, 3rm psf<$1.1k psf, and the size are honestly reasonable, as compared to Resale Condo ard Compassone which are already $1.3k psf at @ 5yrs og age. Worse still, cant even fit in a queen size bed for non -mbr.

Hospital wise imo is a double edge sword, personally had an incident with aging parents requiring emergency warding,and I'm thankful to it.
As long as dont take the blocks directly opposite the Community Hospital, I think its acceptable.. just my 2c woth


Im actually looking at it and Parc Canberra.
Me too, and also resale condo around Compassone.. but more keen towards OLA

Last edited by 1oriYagami; 16-07-2020 at 11:45 AM..
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