Rivercove Residences

[Advancer]

For combine income of 14k monthly, the maximum loan you can get is probably 850k.

Hypothetically, if they go for the 5 BR, they will still need to come up with 490k of CPF and Cash. It’s quite a crazy amount to be honest. But of course, if they go for 3 BR or 4 BR, it will still be manageable.

To be honest, those who are eyeing 5 bedder are probably older folks or families who are going to move their parents in as well.
Hence, there will be firepower up front with cash/cpf on hand.
Imagine sell both hdb then buy 1 EC or sell 1 and rent 1.

 

[fotoudavid]

At min 900psf isn't Rivercove going to be same or even more expensive than High Park at launch? Those who bought must be laughing their way to the bank now..

My cousin bought high park about $900 plus PSF, he is very happy that Parc Bottania beside at $1200 plus PSF.

 

[birmingham123]

Tapestry is actually not expensive at $1300 psf when other non core central area project is selling at $1900 psf and beyond.

So u think cdl should sell Tapestry at 1600psf instead ?

I guess developers should all join hands and sell all above 2000psf better...

 

[Mergui219067]

Many believe the $$ comes from the couples’
limited CPF & savings.

The top secret :
Some $parents$ ‘sponsor’
these Lexus-at-Toyota-price for their qualified children.

$900-1k psf is lol lol in non ECs nowadays.

 

[Mergui219067]

Parents can pool their savings + young couples’ savings.
三代同堂 & care for grandchildren

To be honest, those who are eyeing 5 bedder are probably older folks or families who are going to move their parents in as well.
Hence, there will be firepower up front with cash/cpf on hand.
Imagine sell both hdb then buy 1 EC or sell 1 and rent 1.

 

[OwningNothing]

So u think cdl should sell Tapestry at 1600psf instead ?

I guess developers should all join hands and sell all above 2000psf better...

LOL, then those who buy really Carrot head.

 

[Mergui219067]

Why not if the developers believe so ?
Wake up & face the reality.

So u think cdl should sell Tapestry at 1600psf instead ?
I guess developers should all join hands and sell all above 2000psf better...

 

[Zetrio2006]

So u think cdl should sell Tapestry at 1600psf instead ?

I guess developers should all join hands and sell all above 2000psf better...

cdl will increase price to $1400-1500 psf very soon.

Nothing to do with what I think. I cannot control market forces.


Martin Modern price went up from $2200 to $2700+ in six months and has now halted sales because the sales is too good due to enbloc.

https://www.srx.com.sg/condo/martin-modern-78792/last-transacted-prices

 

[birmingham123]

Why not if the developers believe so ?
Wake up & face the reality.

Already facing reality and putting my money in 5% yield bond ma... easier and more flexible

 

[Mergui219067]

I went house hunting early last year.
The Star of Kovan showroom was quiet with
mostly many agents playing with handphones Most units were unsold.
Even the agent who showed around said it
was overpriced as my belief too at that time.

But it has since almost completely sold up by now. Possibly even at higher price than early last year.

Other ‘overpriced to me at that time’ ones in Tiong Bahru, Commonwealth & Queensway
are mostly gone now.

The moral of the story .......

N.B. I am not a property agent

LOL, then those who buy really Carrot head.

 

[Mergui219067]

What has that to do with properties?

I have stocks & bonds .
Property is another class of asset.

Already facing reality and putting my money in 5% yield bond ma... easier and more flexible

 

[the bees]

Many believe the $$ comes from the couples’
limited CPF & savings.

The top secret :
Some $parents$ ‘sponsor’
these Lexus-at-Toyota-price for their qualified children.

$900-1k psf is lol lol in non ECs nowadays.

Parents sponsor - very fortunate. So lucky.

""Where the willingness is great, the difficulties cannot be great."" HardwareZone Forums app

 

[Mergui219067]

$2 millions @ 4xxxx sq ft EC https://youtu.be/1x4pAozbKdg

Parents sponsor - very fortunate. So lucky.

 

[Clazav]

My cousin bought high park about $900 plus PSF, he is very happy that Parc Bottania beside at $1200 plus PSF.

So you think high Park resale can sell at 1200psf like Parc botannia? I don't think so.

 

[Mergui219067]

If the market improves further......
You would be the only one who say not .

So you think high Park resale can sell at 1200psf like Parc botannia? I don't think so.

 

[Clazav]

If the market improves further......
You would be the only one who say not .

You are wrong, there are many competition around in sk who can resell for a better price than high Park. I don't need to tell you which projects, you can think of it yourself. For high Park owners to laugh to the bank, it is not now yet just because Parc botannia is selling at 1200psf. Need to wait several years more when overall market sentiment improved.

 

[Clazav]

You are wrong, there are many competition around in sk who can resell for a better price than high Park. I don't need to tell you which projects, you can think of it yourself. For high Park owners to laugh to the bank, it is not now yet just because Parc botannia is selling at 1200psf. Need to wait several years more when overall market sentiment improved.

There is a human mindset that will stop resale property from going too high within a short time, that is the mindset of not allowing the previous owners to have an immediate windfall. Most people are fine with developers earning but not the previous owners. You ask yourself, do you want to buy Parc botannia at 1200psf or high Park at 1200psf?

 

[Mergui219067]

Several more years for the market to improve ?

N.B. I am not a property agent.

 

[Clazav]

Several more years for the market to improve ?

N.B. I am not a property agent.

Don't worry buddy, I'm a fellow bull just like you. But just pointing out some observation.

 

[kiatme]

There is a human mindset that will stop resale property from going too high within a short time, that is the mindset of not allowing the previous owners to have an immediate windfall. Most people are fine with developers earning but not the previous owners. You ask yourself, do you want to buy Parc botannia at 1200psf or high Park at 1200psf?

depends on the mindset of people bah, some like new things, some dont mind second hand, this is what i like to tell my friends.

Tapestry 1.3k PSF, the ALPS / Santorini /Q bay just beside them going for 950-1.2k PSF right besidea and already built - why get Tapestry ?
and 1.3k is the 'discounted price' as advertised by agencies. so is the price of tapestry going to rise to 1.4 or something ? will alps / santorini rise to match tapestry ?

maybe the place of worship beside tapestry will bless tapestry/surrounding condos and get more buyers when they want to flip their property - if i want to buy the area