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Treasure at Tampines

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Old 24-05-2020, 09:31 PM   #2011
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Just look at its land price. Its abt 730psf

Construction and marketing cost at most 550psf

Breakeven: 1280psf

115% x 1280psf = 1472psf

If profit even higher at 20%

120% x 1280psf = 1536psf

In this time of uncertainty, you think developer will price so high meh.
Those agents must be trying to convince you to buy Treasures at Tampines


i agree from a numbers perspective.

but look at Kopar, it was $1,100 ppr and est breakeven at $1,750. The average launch price at the START of announcement of CB was also $2,350, representing a 35% profit.

given that a) SUO resale is $1,500 and up, b) PE selling well at $1,600 psf average, and c) some more ridiculous RCR new launches at $1,800-$2,000 psf, Penrose may just price up a little bit more than what its land cost affords it.

Just my 2cents

i dont think deveopers will want to be seen as the go-to for dirty-cheap launches.. well dirt-cheap is relative. but $1,400-$1,500 for RCR nowadays is.. quite cheap
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Old 24-05-2020, 09:41 PM   #2012
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If penrose were to launch at $17xx, it may just help urban treasure to move its unit.

Same District, Freehold starting $17xxpsf.

Remember Midwood vs Mont Botanik. Same district with similar PSF pricing.
Freehold same price as 99YL.

When Midwood was launch, sudden surge in Mont Botanik transaction.

Urban treasures layout kinda sucks especially the a/c ledge that is placed infront of the common bedrooms instead of kitchen, bath area
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Old 24-05-2020, 09:54 PM   #2013
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A/C at the common bedroom is a common design esp for smaller unit type.

Even Stirling small unit type AC ledge is at the front.
Just that urban treasure bigger unit type Ledge is at the front too and itís Super Long!!

Urban treasures layout kinda sucks especially the a/c ledge that is placed infront of the common bedrooms instead of kitchen, bath area
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Old 24-05-2020, 09:56 PM   #2014
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A/C at the common bedroom is a common design esp for smaller unit type.

Even Stirling small unit type AC ledge is at the front.
Just that urban treasure bigger unit type Ledge is at the front too and itís Super Long!!
Ya I mean the bigger unit types like 3 bedroom and 4 bedroom
Thatís why I added in Ďinstead of kitchen, bath areaí
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Old 24-05-2020, 09:57 PM   #2015
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A/C at the common bedroom is a common design esp for smaller unit type.

Even Stirling small unit type AC ledge is at the front.
Just that urban treasure bigger unit type Ledge is at the front too and itís Super Long!!
Nowadays design of course all smaller units have a/c infront

But for urban treasures, even corner unit they decided to place a/c infront
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Old 25-05-2020, 09:29 AM   #2016
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Hoping for 2. But foresee its 3.

1993NB what do u think? 1, 2, 3, 4 or 5
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Last edited by 1993newbie; 25-05-2020 at 09:36 AM..
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Old 25-05-2020, 09:32 AM   #2017
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Hoping for 2. But foresee its 3.
Neeeewwwwbbbiiieee wheressss the article they talkin abtttt 😭😭😭
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Old 25-05-2020, 09:32 AM   #2018
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5 will just be in similar fate as Antares and might help to move urban treasure instead

Poll: how much do you think Penrose will be priced at on average

1) Below 1400psf

2) 1401 to 1500 psf

3) 1501 to 1600 psf

4) 1601 to 1700 psf

5) Above 1700 psf


Please answer with either 1, 2, 3, 4 or 5

Iím choosing 3 for earlier launch phrases
And 4 for later launch phrases
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Old 30-05-2020, 06:14 PM   #2019
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if compare Treasure @ Tampines with Florence residence @ hougang (both are lower psf compare to other projects), which one has a high potential for capital appreciation?
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Old 30-05-2020, 06:39 PM   #2020
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if compare Treasure @ Tampines with Florence residence @ hougang (both are lower psf compare to other projects), which one has a high potential for capital appreciation?
In the long run potential wise i think Treasure>Florence

*just my own opinion
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Old 30-05-2020, 07:17 PM   #2021
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if compare Treasure @ Tampines with Florence residence @ hougang (both are lower psf compare to other projects), which one has a high potential for capital appreciation?
I think Treasure Tampines > Florence Residences as they entry price is really low, those that bought Alps last few three bedder at 9xxpsf can really flip once SSD ends since the Parc Central EC rumoured to be 11xxpsf too.
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Old 30-05-2020, 07:40 PM   #2022
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I think Treasure Tampines > Florence Residences as they entry price is really low, those that bought Alps last few three bedder at 9xxpsf can really flip once SSD ends since the Parc Central EC rumoured to be 11xxpsf too.
##


Remembered when Alps was launched, prices started at 4xxk for 1 br...
Now that looked so long ago...


##
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Old 30-05-2020, 07:47 PM   #2023
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##


Remembered when Alps was launched, prices started at 4xxk for 1 br...
Now that looked so long ago...


##
Now 4xxk canít get any new launch one bedder already I guess? Even resale needs 500k?
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Old 30-05-2020, 08:11 PM   #2024
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Now 4xxk canít get any new launch one bedder already I guess? Even resale needs 500k?
Developers!
https://www.youtube.com/watch?v=Vhh_GeBPOhs
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Old 30-05-2020, 08:12 PM   #2025
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Developers!
https://www.youtube.com/watch?v=Vhh_GeBPOhs
What da hell?????????
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