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Old 11-11-2019, 07:47 AM   #1
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Pullman Residences

https://www.edgeprop.sg/property-news/el-development-sells-12-units-pullman-residences-newton

12/350 = 3%? Is the market losing steam?
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Old 11-11-2019, 07:58 AM   #2
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If SKG can sell 216 units during launch at 17xxpsf, what do u think?

In here, we are talking about 3kpsf.
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Old 11-11-2019, 08:10 AM   #3
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If SKG can sell 216 units during launch at 17xxpsf, what do u think?

In here, we are talking about 3kpsf.
To be specific, I should refer to the CCR/CBD investment market instead of the HDB-upgraders precinct. Also saw the recent big price cut in M1, which failed to draw much interest

Of course, it didnít help that Pullman is launched at a significantly higher price than Neu and EL Development isnít exactly the most reputable
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Old 11-11-2019, 08:58 AM   #4
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this looks like a hotel
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Old 11-11-2019, 09:09 AM   #5
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https://www.edgeprop.sg/property-new...idences-newton

40% sold.
Encouraging !
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Old 11-11-2019, 09:41 AM   #6
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Only the hdb dwellers upstairs have steam remaining. But sooner or later, their heads will cool down too. Good luck all. Pullman is such a nice development, thought it would match neu at novena results.
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Old 11-11-2019, 11:17 AM   #7
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12 out of 350.. good or not?
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Old 11-11-2019, 01:32 PM   #8
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this looks like a hotel
Pullman is a hotel brand. In fact, their parent company is one of the largest hotel chains in the world.
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Old 11-11-2019, 02:24 PM   #9
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Pullman Residences and Neu@Novena are completely different products, aside from the fact that both are freehold.

Pullman lowest quantum starting at $1.341M for a 463sf 1BR ($2,896psf)

Neu@Novena lowest quantum starting at $1.355M for a 549sf compact 2BR ($2,468psf)

Besides this, the estimated maintenance fee for Pullman starts at $625 for 1BR and $750 for 2BR. Not an apple to apple comparison at all. But it’s not surprising for Pullman’s performance given that most D11 launches are still only doing $24xx to $25xx psf.
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Old 11-11-2019, 02:50 PM   #10
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Pullman Residences and Neu@Novena are completely different products, aside from the fact that both are freehold.

Pullman lowest quantum starting at $1.341M for a 463sf 1BR ($2,896psf)

Neu@Novena lowest quantum starting at $1.355M for a 549sf compact 2BR ($2,468psf)

Besides this, the estimated maintenance fee for Pullman starts at $625 for 1BR and $750 for 2BR. Not an apple to apple comparison at all. But itís not surprising for Pullmanís performance given that most D11 launches are still only doing $24xx to $25xx psf.
Wow thatís a sizable maintenance fees

Iím surprised that 12 units are actually sold, wonder if there are any returned units :p

Also, not sure if EL Development was the best brand name for such product. Guocoland might have been able to pull it off instead
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Old 11-11-2019, 03:21 PM   #11
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Quite a good location I must say. Not very scenic tho.
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Old 11-11-2019, 03:22 PM   #12
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This Friday we will be Able to see actual Caveat lodge for Pullman...will update once out.



Wow that’s a sizable maintenance fees

I’m surprised that 12 units are actually sold, wonder if there are any returned units :p

Also, not sure if EL Development was the best brand name for such product. Guocoland might have been able to pull it off instead
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Old 11-11-2019, 03:49 PM   #13
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Wow thatís a sizable maintenance fees

Iím surprised that 12 units are actually sold, wonder if there are any returned units :p

Also, not sure if EL Development was the best brand name for such product. Guocoland might have been able to pull it off instead
For that area 600+ is normal, maybe considered low.
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Old 11-11-2019, 03:51 PM   #14
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Maintenance fee starts at $625? That sounds crazy to me.
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Old 11-11-2019, 03:56 PM   #15
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Maintenance fee starts at $625? That sounds crazy to me.
I think itís cos itís an upscale development thus the high maintenance fee, and its in D11.
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