Amber Park

[Zetrio2006]

Next big thing will be former Pearl Bank Apartments also by CDL

One Pearl Bank is by Capitaland (Not CDL)

 

[Zetrio2006]

Just Besides Amber Skye and priced lower than it which is now a resale condo. Progressive payment available.

 

[holasingapura]

Just checked the caveats, sales decreasing month on month. Less than 10 sold in Nov. No wonder sherman kwek is crying. His hot sengkang grand also stagnating

I guess people are starting to wake up to the oversupply although this issue is known all along. Or perhaps the enbloc millionaires have already found their homes so support for the overpriced new launches is dwindling?

 

[daheigou999]

Just checked the caveats, sales decreasing month on month. Less than 10 sold in Nov. No wonder sherman kwek is crying. His hot sengkang grand also stagnating

I guess people are starting to wake up to the oversupply although this issue is known all along. Or perhaps the enbloc millionaires have already found their homes so support for the overpriced new launches is dwindling?

Haus on Handy (CDL) also dying in sales

Uncle Sherman also confirmed that the developer ABSD is imposed on the full land value (not pro-rata). Hopefully this is actually imposed in 3 years time

 

[chopra]

govt wont let developers die la.

 

[holasingapura]

govt wont let developers die la.

Don't worry, developers won't die because of a $100m one-off loss. They have many other projects overseas.

 

[Passerboy]

Just checked the caveats, sales decreasing month on month. Less than 10 sold in Nov. No wonder sherman kwek is crying. His hot sengkang grand also stagnating

I guess people are starting to wake up to the oversupply although this issue is known all along. Or perhaps the enbloc millionaires have already found their homes so support for the overpriced new launches is dwindling?

Amber Park sales is actually the best out of those at Meyer/Amber Road area though.

I would reckon out of those at that area that caters to sea front living, Amber Park is the most popular and it’s comparatively cheaper (avg 2500$psf) compared to its counterparts like Meyer Mansions or Meyerhouse.

And its Dec now, sales are supposedly slower cos ppl are on holiday, can’t expect all projects to have consistent sales like One Holland V right, even Ave South only 1 transaction for first week Dec.

 

[Forever84]

Haus on Handy (CDL) also dying in sales

Uncle Sherman also confirmed that the developer ABSD is imposed on the full land value (not pro-rata). Hopefully this is actually imposed in 3 years time

Then all the developer will uplorry and government will have a crisis on their hands

Don't underestimate the importance of our local developers to the economy. There are many good jobs there.

 

[NiShiZhu]

Releasing of CMs is almost impossible such as 12% ABSD, TDSR, SSD. They are confirm to stay to prevent marginal buyers from speculating.

In current over supply situation, perhaps the only miracle they can wish for is Govt to consider lengthening the 5 years deadline to 7 years before ABSD imposed on unsold units. 5 yrs timeline penalty honestly is quite harsh.

 

[holasingapura]

Then all the developer will uplorry and government will have a crisis on their hands ��

Don't underestimate the importance of our local developers to the economy. There are many good jobs there.

There will not be any crisis. At most, just 10 to 20% discount. No big deal. Developers make slightly less, jobs will still be around, just a smaller bonus for the year.

If the government "saves" them, they will be bolder and more daring next time. Bid $5000 psf ppr, knowing that the government will always be there for them.

 

[NiShiZhu]

Amber Park sales is actually the best out of those at Meyer/Amber Road area though.

I would reckon out of those at that area that caters to sea front living, Amber Park is the most popular and it’s comparatively cheaper (avg 2500$psf) compared to its counterparts like Meyer Mansions or Meyerhouse.

And its Dec now, sales are supposedly slower cos ppl are on holiday, can’t expect all projects to have consistent sales like One Holland V right, even Ave South only 1 transaction for first week Dec.

Reason for amber park sales not performing well is also due to too many condos in amber area.
On top of those existing projects like one amber, esta, sea view, Amber skye, Not forgetting there’s also other new projects like nyon, coastline and last year project, amber 45 all sprung up. Competition there is bound to be stiff.

 

[holasingapura]

Amber Park sales is actually the best out of those at Meyer/Amber Road area though.

I would reckon out of those at that area that caters to sea front living, Amber Park is the most popular and it’s comparatively cheaper (avg 2500$psf) compared to its counterparts like Meyer Mansions or Meyerhouse.

And its Dec now, sales are supposedly slower cos ppl are on holiday, can’t expect all projects to have consistent sales like One Holland V right, even Ave South only 1 transaction for first week Dec.

Don't believe in ghost month or holidays. Holidays sales are usually lower because there are no new launches. Holidays are in fact the best time to bring the whole family to the show flats.

 

[Forever84]

There will not be any crisis. At most, just 10 to 20% discount. No big deal. Developers make slightly less, jobs will still be around, just a smaller bonus for the year.

If the government "saves" them, they will be bolder and more daring next time. Bid $5000 psf ppr, knowing that the government will always be there for them.

Not every developer is as well capitalised as CDL or Capital Land

Property very hard to predict. But I still do forsee government making tweaks to policy in the near future

 

[Passerboy]

Reason for amber park sales not performing well is also due to too many condos in amber area.
On top of those existing projects like one amber, esta, sea view, Amber skye, Not forgetting there’s also other new projects like nylon, coastline and last year project, amber 45 all sprung up. Competition there is bound to be stiff.

Yup, rightly so.

But out of those projects named that were new launches, Amber45 and Amber Park saw stronger sales than the rest.

 

[NiShiZhu]

Yup, rightly so.

But out of those projects named that were new launches, Amber45 and Amber Park saw stronger sales than the rest.

Amber 45 is lucky because it was launched much earlier.
I wouldn’t say amber park sales is jialat compared to Nyon and coastline.
Amber park is roughly near 200 units sold though.

 

[NiShiZhu]

Not every developer is as well capitalised as CDL or Capital Land ******************

Property very hard to predict. But I still do forsee government making tweaks to policy in the near future

Govt may do some tweaking but unlikely major tweak.
During property lull period from 2014-2016, all they did was reduce 4 years SSD to 3 years SSD.
Too much tweaking will invite a flood gate of those waiting on sideline which is not healthy. Then it will end up another round of buying frenzy, resulting rocket-up the price.

 

[Passerboy]

Amber 45 is lucky because it was launched much earlier.
I wouldn’t say amber park sales is jialat compared to Nyon and coastline.
Amber park is roughly near 200 units sold though.

Amber Park sales is actually good in comparison to Nyon and Coastline, can make a comparison and you would be able to tell why. (Hola don’t flame me ya, take a look if you don’t believe)

And yes, cos Amber45 was launched much earlier, heard many agents bought into Amber45 because of the frenzied enbloc activity in the Amber, Meyer area enclave.

 

[NiShiZhu]

Amber Park sales is actually good in comparison to Nyon and Coastline, can make a comparison and you would be able to tell why. (Hola don’t flame me ya, take a look if you don’t believe)

And yes, cos Amber45 was launched much earlier, heard many agents bought into Amber45 because of the frenzied enbloc activity in the Amber, Meyer area enclave.

Bear in mind amber 45 maintenance fee is a turn off, about 600 per month for smallest 2bedder unit.
Amber park smallest unit maintenance starts from $295.

 

[Forever84]

Govt may do some tweaking but unlikely major tweak.
During property lull period from 2014-2016, all they did was reduce 4 years SSD to 3 years SSD.
Too much tweaking will invite a flood gate of those waiting on sideline which is not healthy. Then it will end up another round of buying frenzy, resulting rocket-up the price.

Depends... My feel is that the policy will shift in tandem to interest rate movement, but will be lagging for sure.

 

[Clazav]

Don't think cm will be reduced. Current situation is just right for government. If wanna reduce, will probably tweak those doesnt-benefit-gov cm. Like reducing ssd, increase the max loan age from 65 to 70 etc.

Govt may do some tweaking but unlikely major tweak.
During property lull period from 2014-2016, all they did was reduce 4 years SSD to 3 years SSD.
Too much tweaking will invite a flood gate of those waiting on sideline which is not healthy. Then it will end up another round of buying frenzy, resulting rocket-up the price.