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Old 15-12-2019, 11:44 PM   #1576
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I see your point, of course we were all once children and always hope to have private space especially during adolescent time. But this is parents' decision. If the parents want to give each child a room, I would say the parents are nice and thoughtful but if the parents choose not to, the kids got to just take it. No choice. By defending this part, I'm not living in 1 or 2 bedder FYI.

Generally yes. Children need their own study and play spaces. Of course, the alternative is to send your kids to the library to study for the entire day and only return at night. Few condos have reading rooms.

It depends whether their parents had a choice. WE definitely cannot blame parents who cannot afford a larger home, but those buying a 1 bedder condo can.
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Old 16-12-2019, 12:22 AM   #1577
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That's quite a ton of misrepresentation.

WLR price 'decrease' is optical when the average price of decent stacks are at 2k psf ar first launch weekend. Subsequently, those facing the main road and full west sun were launched at 1.7k psf.

Similarly, Florence residence 'decrease' was only applicable to larger units ~4/5BR ones. Prices of stacks moving had actually been increased once or twice.

If you think the market is crashing, and hope for 50% correction, no one's stopping you.
This one seemed very worked up.

Nowhere was there a mention of a 50% correction,

Don’t know what’s TJP’s problem.
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Old 16-12-2019, 01:24 AM   #1578
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This one seemed very worked up.

Nowhere was there a mention of a 50% correction,

Don’t know what’s TJP’s problem.
Did Florence decrease price? I check the transaction still hovers betw 14xx to 16xxpsf leh? (Due to different unit facing type i Guess?)

For WLR, the acceptable price tag should be around 17xxpsf to 19xxpsf. (Judging from park colonial transaction history). This is becoz SKG is already priced at 17xxpsf (which I feel is abit overpriced) and is on the same NEL mrt line, so WLR (which is nearer to city) should logically be priced above SKG.

For WLR, (even if after 10% discount was offered for premium/big size lake facing units), anything above 2kpsf for big size unit, imo is still not worth buying. Cos quantum will be quite high. That’s y we didn’t quite see any lake facing 4 bedder transacting at all. Thus, only the 17xxpsf/18xxpsf road facing small size units are moving only.

Garden from start till now already not a lot of pple buying due to its so-so location. In other words, whether got discount or not doesn’t make much difference cos units are still moving very slowly despite some price reduction offered by developer.

So In summary, sometimes even if there’s some discount offered by developer, units may still not be moving.
Whereas for projects like Parc esta, Stirling, riverfront, even w/o discount, units are still seeing healthy sales.
Thus, It’s all about pricing it right at different locations.
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Old 16-12-2019, 09:17 AM   #1579
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I am also wondering how parents can have their private time when the kid sleeping in the same room.
When you are married and have kids, that is the one of the most treasured moments. To open your eyes and see your younglings sleeping so soundly and peacefully.

Dont assume kids want bigger room and privacy. That is only true when they are much older. Dont you know that kids like to bunk in with their parents and refuse to leave the room?
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Old 16-12-2019, 09:50 AM   #1580
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Did Florence decrease price? I check the transaction still hovers betw 14xx to 16xxpsf leh? (Due to different unit facing type i Guess?)

For WLR, the acceptable price tag should be around 17xxpsf to 19xxpsf. (Judging from park colonial transaction history). This is becoz SKG is already priced at 17xxpsf (which I feel is abit overpriced) and is on the same NEL mrt line, so WLR (which is nearer to city) should logically be priced above SKG.

For WLR, (even if after 10% discount was offered for premium/big size lake facing units), anything above 2kpsf for big size unit, imo is still not worth buying. Cos quantum will be quite high. That’s y we didn’t quite see any lake facing 4 bedder transacting at all. Thus, only the 17xxpsf/18xxpsf road facing small size units are moving only.

Garden from start till now already not a lot of pple buying due to its so-so location. In other words, whether got discount or not doesn’t make much difference cos units are still moving very slowly despite some price reduction offered by developer.

So In summary, sometimes even if there’s some discount offered by developer, units may still not be moving.
Whereas for projects like Parc esta, Stirling, riverfront, even w/o discount, units are still seeing healthy sales.
Thus, It’s all about pricing it right at different locations.
That was why I wrote that some projects give discount for whatever reasons. Therefore, no need to rush to buy as you never know if your unit is the one going to be discounted at a later date.

Projects like riverfront, whistler grand etc did not give discount.

Therefore need to decide if the project/ developer will offer discount before moving.

Also, those who cannot clear 5 year absd, likely to give ‘discount’ in terms of vouchers and preferential payment terms, which I feel the authorities should put an end to as they are also ‘benefits’. The way for Developers to sell is to bid responsibly and sell at the right pricing and not look for ways to wriggle out of the rules.
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Old 16-12-2019, 09:58 AM   #1581
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That was why I wrote that some projects give discount for whatever reasons. Therefore, no need to rush to buy as you never know if your unit is the one going to be discounted at a later date.

Projects like riverfront, whistler grand etc did not give discount.

Therefore need to decide if the project/ developer will offer discount before moving.

Also, those who cannot clear 5 year absd, likely to give ‘discount’ in terms of vouchers and preferential payment terms, which I feel the authorities should put an end to as they are also ‘benefits’. The way for Developers to sell is to bid responsibly and sell at the right pricing and not look for ways to wriggle out of the rules.
Treasure at Tampines is one project that is unlikely to give any forms of discount and should sell out within the 5 year period though it is a mega development, reason being its already priced v lowly some bigger units at Treasures are as low as 11xxpsf, which in psf terms is cheaper or equal to EC pricing for a private condo project, and the same rationale why riverfront sold so quickly with 1000 units snapped up in a year.

Treasures is also in the town of Tampines which would likely appeal to HDB upgraders.
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Old 16-12-2019, 10:03 AM   #1582
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Treasure’s lowest PSF and median PSF




Last edited by 1993newbie; 16-12-2019 at 10:07 AM..
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Old 16-12-2019, 10:06 AM   #1583
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As a comparison,

This year’s one and only EC launch, highest PSF.



Median PSF for the only EC launch in 2019.
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Old 16-12-2019, 10:13 AM   #1584
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Treasure at Tampines is one project that is unlikely to give any forms of discount and should sell out within the 5 year period though it is a mega development, reason being its already priced v lowly some bigger units at Treasures are as low as 11xxpsf, which in psf terms is cheaper or equal to EC pricing for a private condo project, and the same rationale why riverfront sold so quickly with 1000 units snapped up in a year.

Treasures is also in the town of Tampines which would likely appeal to HDB upgraders.
Park colonial, Riverfront and sterling are the 3 lucky condos that manage to escape the new rulings before midnight. THose projects sold off a huge number of units that night.

If the overpriced lower their pricing, theres a chnce treasure will lower too. RIght now is all the overpriced helping the less overpriced sell.
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Old 16-12-2019, 10:17 AM   #1585
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When you are married and have kids, that is the one of the most treasured moments. To open your eyes and see your younglings sleeping so soundly and peacefully.

Dont assume kids want bigger room and privacy. That is only true when they are much older. Dont you know that kids like to bunk in with their parents and refuse to leave the room?
There are always 101 ways to reason with and console oneself for making a bad decision, though flawed. I am not referring to you, but in general: people who overpaid for condos, people who move from prime HDBs to ulu condos, families who squeeze into 1 bedders etc.

If a family of 4 has to squeeze into a 1-bedder, it is indisputable that they don't belong to condo in the first place.

Last edited by holasingapura; 16-12-2019 at 10:48 AM..
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Old 16-12-2019, 10:58 AM   #1586
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Park colonial, Riverfront and sterling are the 3 lucky condos that manage to escape the new rulings before midnight. THose projects sold off a huge number of units that night.

If the overpriced lower their pricing, theres a chnce treasure will lower too. RIght now is all the overpriced helping the less overpriced sell.
U may be telling the truth but not the entire truth. These 3 projects were indeed launch on the night before July 2018 CM, but need to analyse the breakdown betw % sold till now vs % sold during that CM night to get the full picture.

Stirling - currently near 75% sold. (200 out of 1259 units Was sold on that CM night, only 15.8%)
Riverfront - currently near 85% sold. (510 out of 1472 units Was sold on that CM night, only 34.6%)
Park colonial - currently near 90% sold. (310 out of 805 units was sold on that CM night, 38.5%)

Did u see the gap in terms of % sold betw now vs during that CM night was a rather big gap? Sales could have stagnated after the CM night for these 3 projects if buyers think they are overpriced. But from the data, they are still selling well even after that CM night.

Projects launched after CM that sold reasonably well includes:
Tre Ver - near 90%
Parc esta - 71%
Whistler grand - near 65%
Affinity - 65%
To be fair to the ill-fated treasure@ Tampines, it’s monthly transaction still looks healthy, but this project % sold remains Low (about 40%) due to too many units within the project. It is not as if it’s not moving, but probably takes more time to sell.
(Bear in mind some of the above are mega size projects, just quoting a few examples.)

I don’t even want to quote the figures for other projects that sells well which includes sky Everton, neu at Novena, Holland, Mayfair garden, the arena, the addition, sea pavilion because all these are rather small size projects. It will mislead others thinking that I’m trying to paint a rosy picture here.

Of coz, there are also quite a number of projects that are still below 20% sales, some even single digit.
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Old 16-12-2019, 02:00 PM   #1587
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Parents will make decisions for the family. And it is not you who can judge whether they make the right or wrong decision. The parents may think that condo investment is the right way compared to hdb. To be prudent, they bite the bullet and squeeze in a one bedder first for the time being, instead of a bigger unit. This is pretty common for family with young kids.

There are always 101 ways to reason with and console oneself for making a bad decision, though flawed. I am not referring to you, but in general: people who overpaid for condos, people who move from prime HDBs to ulu condos, families who squeeze into 1 bedders etc.

If a family of 4 has to squeeze into a 1-bedder, it is indisputable that they don't belong to condo in the first place.
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Old 16-12-2019, 02:42 PM   #1588
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When you are married and have kids, that is the one of the most treasured moments. To open your eyes and see your younglings sleeping so soundly and peacefully.

Dont assume kids want bigger room and privacy. That is only true when they are much older. Dont you know that kids like to bunk in with their parents and refuse to leave the room?
Before we had keys, in the late 60s/early 70s, to our HDB flats, there were no such things as "rooms" in our kampong houses or rented rooms above shophouses, we built our own plank-beds/loft beds and "cubicles" for privacy for the beyond puberty kids who definitely wants their own playrooms/personal rest/sleeping areas. Since this is in the thread of "Treasure at Tampines", which is less than 50% sold and around EC prices, can 50% of the balance units be sold to HDB for ECs? As noticed, so many HDB owners have "MOP-ed" and want Condo life. So many dual income families may have accepted to staying less than 1000 sq feet apts, no longer entertain guests in their Living Room, rather in Condo Functions Rooms/Entertainment Rooms, etc. No need to think where to build new BTOs, clear stock of existing units of Pte Condos. The HDB & the Pte Condo have to brainstorm to become back to "HUDC" era?
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Old 16-12-2019, 03:02 PM   #1589
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Newly TOP, District 18 ALPS RESIDENCES rental transaction for Nov 2019.
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Old 16-12-2019, 03:05 PM   #1590
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Newly TOP, District 18 ALPS RESIDENCES rental transaction for Nov 2019.
$1900 rental for studio/one bedder at that kinda location?
The power of new condo?
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