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Old 21-05-2020, 07:38 PM   #1891
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Sure

There were about 180 new launch sales since April 7.

Out of 30600 agents, 30420 agents starve.
wow mindd boggling
0.588% clinched a deal
wonder if any agent clinched >1 deal in Apr
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Old 21-05-2020, 07:41 PM   #1892
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Sure

There were about 180 new launch sales since April 7.

Out of 30600 agents, 30420 agents starve.
Zetrio, what does the 2006 stand for
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Old 21-05-2020, 07:45 PM   #1893
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@kidozzz im optimistic about prices increasing with such a long time frame, just a matter of how much



@ohw123 tbh i don't think that the costs are that low actually, land price's already 676psf. 10xx-1100psf should be closer to their breakeven
Thanks for your inputs!

Im seriously considering this project since in the med term its for self stay so the amenities around is definitely more attractive then the likes of florence etc.. and its also a really comfortable price for a 3br PC..
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Old 21-05-2020, 08:07 PM   #1894
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No problem

do take my input with a pinch of salt as i'm no expert, just sharing my views based on the data available

for me Treasure>Florence as well
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Old 21-05-2020, 08:10 PM   #1895
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No problem

do take my input with a pinch of salt as i'm no expert, just sharing my views based on the data available

for me Treasure>Florence as well
To me Treasures is better in terms of amenities and proximity to mrt

But Florence is better in terms of design, layout and facade
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Old 21-05-2020, 08:18 PM   #1896
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The sad thing is looking at treasures land price, developer could have priced units at 1100psf instead of 1300 - 1400psf
just because the developer bought the land cheap doesnt mean they will price the new launch cheap.

Kopar @ Newton bought land at S$1,100 ppr but they launched at at average of $2,350 psf anyway...

they are profit-driven and they will test the market as far as possible to achieve a price range that will earn them the most.. not blaming them but everyone just gotta earn their own dough
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Old 21-05-2020, 08:21 PM   #1897
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just because the developer bought the land cheap doesnt mean they will price the new launch cheap.

Kopar @ Newton bought land at S$1,100 ppr but they launched at at average of $2,350 psf anyway...

they are profit-driven and they will test the market as far as possible to achieve a price range that will earn them the most.. not blaming them but everyone just gotta earn their own dough
I know that, developers will try to sell at a higher price if possible
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Old 21-05-2020, 08:49 PM   #1898
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just because the developer bought the land cheap doesnt mean they will price the new launch cheap.

Kopar @ Newton bought land at S$1,100 ppr but they launched at at average of $2,350 psf anyway...

they are profit-driven and they will test the market as far as possible to achieve a price range that will earn them the most.. not blaming them but everyone just gotta earn their own dough
Ya. Kopar at newton despite having a land price of just 1100psf had an average selling price of 2350psf when it could have launched at an average of lass than 2000psf while still making profit

An example is SR which had a land price of 1050psf and launched at 1850psf while still making profit, so it is possible
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Old 21-05-2020, 09:20 PM   #1899
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Ya. Kopar at newton despite having a land price of just 1100psf had an average selling price of 2350psf when it could have launched at an average of lass than 2000psf while still making profit

An example is SR which had a land price of 1050psf and launched at 1850psf while still making profit, so it is possible
It just looks like there are discrepancies in land bid prices during the period of enbloc euphoria. Developer who overbid and surviving on thin margins are helping developers of kopar and SR sell. Woodleigh Residence is one good example that is helping the rest of the island sell at high prices.

However, if the economy and job losses turn out to be as bad as the forecasts, kopar and SR can afford to slash prices while the rest will incur losses.

Right now, sinkies still appear quite optimistic about the property market just like US equites in early feb.
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Old 21-05-2020, 09:20 PM   #1900
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just because the developer bought the land cheap doesnt mean they will price the new launch cheap.

Kopar @ Newton bought land at S$1,100 ppr but they launched at at average of $2,350 psf anyway...

they are profit-driven and they will test the market as far as possible to achieve a price range that will earn them the most.. not blaming them but everyone just gotta earn their own dough
Although we were celebrating Koparís low land price before launch, this same factor is now posing a big threat.

If sales slow, the higher margin simply means that Cheap Eng Seng can slash prices at the expense of earlier buyers without making an overall loss (Recall how they screwed CityVista Residences 8 years ago)
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Old 21-05-2020, 09:29 PM   #1901
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It just looks like there are discrepancies in land bid prices during the period of enbloc euphoria. Developer who overbid and surviving on thin margins are helping developers of kopar and SR sell. Woodleigh Residence is one good example that is helping the rest of the island sell at high prices.

However, if the economy and job losses turn out to be as bad as the forecasts, kopar and SR can afford to slash prices while the rest will incur losses.

Right now, sinkies still appear quite optimistic about the property market just like US equites in early feb.
SR can’t really decrease selling price a lot as they’re making a 13% profit compared to many other developers making 20 to 30% profit

Yea agree that some developers overbid for their land and helped other developers sell
To me SR shld be one of them that helps cause nearby Margaret Ville bid abt 950psf for their land but selling same psf as SR, translating to 27% profit

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Old 21-05-2020, 09:30 PM   #1902
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Although we were celebrating Koparís low land price before launch, this same factor is now posing a big threat.

If sales slow, the higher margin simply means that Cheap Eng Seng can slash prices at the expense of earlier buyers without making an overall loss (Recall how they screwed CityVista Residences 8 years ago)
Those whose land price were lower can afford to decrease prices and thatís one concern for some who buy into those projects during these uncertain times
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Old 21-05-2020, 09:41 PM   #1903
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Midwood land $1067ppr psf. Selling $16xxpsf.
So far 24 out of 564 sold. Launch since Oct 2019.
March-May 0 sold

Lowest psf is the 1 bedders from $1535psf onwards.

It just looks like there are discrepancies in land bid prices during the period of enbloc euphoria. Developer who overbid and surviving on thin margins are helping developers of kopar and SR sell. Woodleigh Residence is one good example that is helping the rest of the island sell at high prices.

However, if the economy and job losses turn out to be as bad as the forecasts, kopar and SR can afford to slash prices while the rest will incur losses.

Right now, sinkies still appear quite optimistic about the property market just like US equites in early feb.
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Old 21-05-2020, 09:43 PM   #1904
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Midwood land $1067ppr psf. Selling $16xxpsf.
So far 24 out of 564 sold. Launch since Oct 2019.

Lowest psf is the 1 bedders at $1535psf onwards.
If guessing construction cost + marketing cost is abt 500psf, they really selling just above breakeven or breakeven
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Old 21-05-2020, 10:16 PM   #1905
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Midwood land $1067ppr psf. Selling $16xxpsf.
So far 24 out of 564 sold. Launch since Oct 2019.
March-May 0 sold

Lowest psf is the 1 bedders from $1535psf onwards.
Curious case of midwood. Developer is ok, mrt short walk away. Perhaps priced too close to daintree at beauty world? But daintree is not selling well either. No one interested in west condos? East people more euphoric than west? Both daintree and midwood overpriced? Then what about the rest of the new launches?

I am actually very confused with this round of new launch pricing. Discrepancies everywhere. I will leave it to the experts to analyse.
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