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Old 21-05-2020, 10:20 PM   #1906
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Bro, coz just few hundred metres away, Mont botanik around similar psf. Freehold dev. On side note,somehow Midwood help Mont botanik to move.

Both showflat next to each other too.
March-May
> Mont botanik 8 sold
> Midwood 0

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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Last edited by 1993newbie; 21-05-2020 at 10:24 PM..
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Old 21-05-2020, 10:24 PM   #1907
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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.
I think Hillview is in OCR (correct me if I’m wrong) and not very near the city centre. Its going for 16xxpsf

While you can get an OCR condo like Clavon, Penrose (I think penrose is ocr right?) at 15xxpsf
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Old 21-05-2020, 10:25 PM   #1908
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Hillview area > OCR
Beauty world area > RCR

Penrose > RCR
Clavon > OCR

I think Hillview is in OCR (correct me if I’m wrong) and not very near the city centre. Its going for 16xxpsf

While you can get an OCR condo like Clavon, Penrose (I think penrose is ocr right?) at 15xxpsf
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Old 21-05-2020, 10:25 PM   #1909
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Bro, coz just few hundred metres away, Mont botanik around similar psf. Freehold dev. On side note,somehow Midwood help Mont botanik to move.

Both showflat next to each other too.
March-May
> Mont botanik 8 sold
> Midwood 0
Ohhh so that’s one reason
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Old 21-05-2020, 10:26 PM   #1910
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Penrose > RCR
Clavon > OCR
Tksssss
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Old 21-05-2020, 10:35 PM   #1911
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Hillview area > OCR
Beauty world area > RCR

Penrose > RCR
Clavon > OCR
Normanton still better. In the end, people will still forgive Kingsford and buy Normanton which should be RCR.

One of the Propnex chiefs sold off his Normanton park 1 year before enbloc and miss oUT on additional 1 mil profit.
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Old 21-05-2020, 10:36 PM   #1912
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Normanton still better. In the end, people will still forgive Kingsford and buy Normanton which should be RCR.

One of the Propnex chiefs sold off his Normanton park 1 year before enbloc and miss oUT on additional 1 mil profit.
Ommmmggg how saddenin for him

Imagine the regret


1 mil is like Toto 1st price
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Old 21-05-2020, 10:36 PM   #1913
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Lol... so u r an agent or not
Yes I am agent

2006 doesn't mean anything for me. Maybe the year I met my gf?
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Old 21-05-2020, 10:39 PM   #1914
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Yup, Whistler Grand, parc clem, clavon, normanton , one north are all in district 5.

Just that Normanton and one north is in RCR.
Whistler grand , clavon , parc clem is in OCR.
Normanton still better. In the end, people will still forgive Kingsford and buy Normanton which should be RCR.

One of the Propnex chiefs sold off his Normanton park 1 year before enbloc and miss oUT on additional 1 mil profit.
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Old 21-05-2020, 10:40 PM   #1915
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Yup, Whistler Grand, parc clem, clavon, normanton , one north are all in district 5.

Just that Normanton and one north is in RCR.
Whistler grand , clavon , parc clem is in OCR.
I’m starting to feel that my likes are becoming more mass market
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Old 21-05-2020, 11:45 PM   #1916
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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.
***

Remember, this is a game of the last man holding the hot potato.

If the market can accept 1,300 and developer sells you 1,200 (break even at 1050), it means the developer is happy with making some money and allowing buyers (for their efforts, absd, legal fees, etc) to make some money and so we share.

However, sometimes greed knows no limit. This is after all profit for business.

For example, for TV, the land was bought much lower than next-door WG, but the China developer sold at much higher psf, about 1,450 to 1,480 psf, estimated 35 to 50% margin, leaving the hot potatoes in the hands of 87% of buyers.

Early Buyers of CDL (reputable) WG, bought at about 1,380 to 1,420 psf, lower than those of TV, even though CDL margins were estimated to be 6 to 10%.

Margins based on article below:

https://stackedhomes.com/editorial/n...land-price/#gs.

At the end of the day, willing buyer, willing seller, there is no pity for buyers of overpriced property as they paid the high prices willingly and the potatoes are now in their hands...

Also, Developers will just laugh all the way to the banks if they announce record profits... too bad if buyers think they have become carrot heads..


##
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Last edited by ThinkCarefully; 22-05-2020 at 12:15 AM..
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Old 21-05-2020, 11:52 PM   #1917
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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..
With your money, buy as you please. (Remember, not my advice ah)

There are about 1,100 units available.

Once you move in, you find another 2200 households in your friendly Neighbourhood...
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Old 21-05-2020, 11:57 PM   #1918
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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.
****

Listen to video by Stephen. He predicted oversupply in some district...

https://m.youtube.com/watch?v=jDbjZCOTQDc

***

Last edited by ThinkCarefully; 22-05-2020 at 12:06 AM..
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Old 22-05-2020, 12:11 AM   #1919
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***

Remember, this is a game of the last man holding the hot potato.

If the market can accept 1,300 and developer sells you 1,200 (break even at 1050), it means the developer is happy with making some money and allowing buyers (for their efforts, absd, legal fees, etc) to make some money and so we share.

However, sometimes greed knows no limit. This is after all profit for business.

One example is China developer for TV, the land was bought much lower than next-door WG, but the developer sold at much higher psf, about 1,450 to 1,480 psf, estimated 35 to 50% margin, leaving the hot potatoes in the hands of 87% of buyers.

Early Buyers of CDL (reputable) WG, bought at about 1,380 to 1,420 psf, lower than those of TV, even though CDL margins were estimated to be 6 to 10%.

Margins based on article below:

https://stackedhomes.com/editorial/n...land-price/#gs.

At the end of the day, willing buyer, willing seller, there is no pity for buyers of overpriced property as they paid the high prices willingly and the potatoes are now in their hands...

Also, Developers will just laugh all the way to the banks if they announce record profits... too bad if buyers think they have become carrot heads..


##

Bro, I summarize your whole example in one word. “Timing”


Try asking TV to sell at 15xxpsf if it’s launch after the July 2018 CM and see if they can get 87% sales.

If WG manage to launch before July 2018 CM, do u think they will price their unit at 13xxpsf?
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Old 22-05-2020, 12:18 AM   #1920
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Bro, I summarize your whole example in one word. “Timing”


Try asking TV to sell at 15xxpsf if it’s launch after the July 2018 CM and see if they can get 87% sales.

If WG manage to launch before July 2018 CM, do u think they will price their unit at 13xxpsf?

###


We hear very often. No need to time your purchase.

ANY TIME is a GOOD time to buy property..��

####
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Last edited by ThinkCarefully; 22-05-2020 at 12:22 AM..
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