Blossoms by the Park

[Lurkingaround]

Just went down to view today, wow everywhere I walk it’s all Chinese buyers in the showroom, seems like the Chinese peeps like this. Overheard one Chinese guy saying to his wife “Huh 3m only so cheap? Can buy more!”

No one found issue with the parking lots? Only 40% eh for parking lots and not sure how they’ll assign

 

[ThinkCarefully]

Just went down to view today, wow everywhere I walk it’s all Chinese buyers in the showroom, seems like the Chinese peeps like this. Overheard one Chinese guy saying to his wife “Huh 3m only so cheap? Can buy more!”

No one found issue with the parking lots? Only 40% eh for parking lots and not sure how they’ll assign

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that’s why certain countries ban China buyers like NZ

should make them pay 100% stamp duty since they find our properties so cheap in order to level the playing field

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[roflolmao]

Just went down to view today, wow everywhere I walk it’s all Chinese buyers in the showroom, seems like the Chinese peeps like this. Overheard one Chinese guy saying to his wife “Huh 3m only so cheap? Can buy more!”

No one found issue with the parking lots? Only 40% eh for parking lots and not sure how they’ll assign

The smart people will know they can go park at ntu alumni house, but cannot out right say. Not sure if you recce that area but it is very under utilised. Maybe add 2k per annum for parking? Not much compared to an increase of 50 psf

27 floors is nearly double the number of floors of one North at Eden and it is already very attractively priced (most say will launch at 2.4k) so something has to give.

 

[Lurkingaround]

The smart people will know they can go park at ntu alumni house, but cannot out right say. Not sure if you recce that area but it is very under utilised.

27 floors is nearly double the number of floors of one North at Eden and it is already very attractively priced (most say will launch at 2.4k) so something has to give.

Yeah but still quite sian to park there and walk back to the unit. Rather prefer park basement and take lift up directly to unit without all the hassle…

 

[ThinkCarefully]

Yes I did mention he also slam TG. Not sure which project does he recommend though? But at least it's a breathe of fresh air when someone plays devil advocate

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his logic was that ONE was 19xx to 20xx psf,
Why pay 23xx psf (his estimate) for blossom?

agree if TS price estimate of 22xx psf becomes 23xx psf... risk increases.

for comparison, NP in the middle of nothingness was launched 17xx to 18xx psf.
likely sub sale will be 20xx to 21xx psf

Therefore, I still maintain 22xx psf is a reasonable entry price for blossoms near BV mrt

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[ThinkCarefully]

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My estimate is blossoms will outdo TG 53% sale over launch weekend.

TC, GD and Lentor parcels 2 and 3 will be the ones to watch. Either one or all may sell below 53% on launch weekend and one may even become the worst performing new launch weekend sales in 2023 (for non boutique, > 250 units).... let’s see

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[VanquishShadow]

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My estimate is blossoms will outdo TG 53% sale over launch weekend.

TC, GD and Lentor parcel 2 will be the ones to watch. Either one or all may sell below 53% on launch weekend and may even become the worst performing new launch weekend sales in 2023.... let’s see

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I also think it'll be >53% driven by investor demand

For own stay maybe Blossoms less suitable, the living room 2.5m width versus most new launches at 2.8m

 

[De SantaClaus]

Just went down to view today, wow everywhere I walk it’s all Chinese buyers in the showroom, seems like the Chinese peeps like this. Overheard one Chinese guy saying to his wife “Huh 3m only so cheap? Can buy more!”

No one found issue with the parking lots? Only 40% eh for parking lots and not sure how they’ll assign

Let's see what % of the buyers are non-Singaporeans. I still believe that the majority of buyers would be SIngapoeans and not Chinese, mainly because of ABSD.

I think because of the proximity to One-North commercial buildings & Buona Vista MRT, the majority who stay here would not drive. The 40% parking is also made known upfront so those buying for own-stay and drives may avoid it.

Most units here would be rented out so probably not an issue.

 

[De SantaClaus]

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his logic was that ONE was 19xx to 20xx psf,
Why pay 23xx psf (his estimate) for blossom?

agree if TS price estimate of 22xx psf becomes 23xx psf... risk increases.

for comparison, NP in the middle of nothingness was launched 17xx to 18xx psf.
likely sub sale will be 20xx to 21xx psf

Therefore, I still maintain 22xx psf is a reasonable entry price for blossoms near BV mrt

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22x psf likely for the lower floor units. imo the average price for blossoms will be nearer to 2400psf and will be near fully sold on launch day.

 

[De SantaClaus]

Maybe Normanton park, because he thanked Blossom buyers for pulling up prices for his clients.

Yes, he has a subsale listing for NP at 24xx psf.

 

[roflolmao]

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his logic was that ONE was 19xx to 20xx psf,
Why pay 23xx psf (his estimate) for blossom?

agree if TS price estimate of 22xx psf becomes 23xx psf... risk increases.

for comparison, NP in the middle of nothingness was launched 17xx to 18xx psf.
likely sub sale will be 20xx to 21xx psf

Therefore, I still maintain 22xx psf is a reasonable entry price for blossoms near BV mrt

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If that's his reasoning, it's retarded. Private non landed prices have been inching up. Since 2021. Think 2.2k (even 2.4k) is within market benchmarks, especially considering what the other condos have went at recently in lousier neighbourhoods

 

[marshmallow96]

Just went down to view today, wow everywhere I walk it’s all Chinese buyers in the showroom, seems like the Chinese peeps like this. Overheard one Chinese guy saying to his wife “Huh 3m only so cheap? Can buy more!”

No one found issue with the parking lots? Only 40% eh for parking lots and not sure how they’ll assign

Yesterday i went got Chinese buyers but mostly local families, some more is grandparents parents children all went together… really like excursion

 

[De SantaClaus]

Yesterday i went got Chinese buyers but mostly local families, some more is grandparents parents children all went together… really like excursion

Which layout are you going for ?

Interesting to see grandparents, parents & children given that Blossoms would not be the natural 'first choice' for the bigger family units. Only 110 parking lots are available here.

I would have expected to see more 1st time buyers and local investors.

 

[sellipad2]

Yes, he has a subsale listing for NP at 24xx psf.

Don't think Blossam can help push his NP to $2.4k psf lah lol. The lack of carpark lots and white goods really a turn off for me, plus developer reputation.

 

[De SantaClaus]

Don't think Blossam can help push his NP to $2.4k psf lah lol. The lack of carpark lots and white goods really a turn off for me, plus developer reputation.

I wouldn't buy it for my own stay for the lack of carpark lots, and high maintenance fees. For the lack of white goods, I will just add a $5 psf on top of the price to account for it.

But it is an attractive investment, especially if the investor is primarily looking at rental income. Would make a lot of sense for those decoupling and planning to use this as a form of retirement or passive income.

TT made a strong case for Capital Gains over rental yield. But for those who are retired or/and have low taxable income, it would make a lot of sense !

One North Eden had almost every unit sold on launch day in early 2021. If the actual price follows indicative, this could be the new launch that sold one of the most units (in % terms) this year on launch day.

 

[roflolmao]

Which layout are you going for ?

Interesting to see grandparents, parents & children given that Blossoms would not be the natural 'first choice' for the bigger family units. Only 110 parking lots are available here.

I would have expected to see more 1st time buyers and local investors.

Grandparents might be helping to top up, that's why they must also go see lor

Fairfield methodist isn't a top school in terms of psle results, even though there is reasonably strong demand, maybe bring kid to see sch also

 

[lovemyself123]

Grandparents might be helping to top up, that's why they must also go see lor

Fairfield methodist isn't a top school in terms of psle results, even though there is reasonably strong demand, maybe bring kid to see sch also

Fairfield methodist is ahbeng pai kia school

 

[holasingapura]

Just went down to view today, wow everywhere I walk it’s all Chinese buyers in the showroom, seems like the Chinese peeps like this. Overheard one Chinese guy saying to his wife “Huh 3m only so cheap? Can buy more!”

No one found issue with the parking lots? Only 40% eh for parking lots and not sure how they’ll assign

Must be the chinese SWE working next door at SEA group and Grab.

 

[ThinkCarefully]

Must be the chinese SWE working next door at SEA group and Grab.

#%##

welcome back…

like more old friends coming back

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[ThinkCarefully]

I wouldn't buy it for my own stay for the lack of carpark lots, and high maintenance fees. For the lack of white goods, I will just add a $5 psf on top of the price to account for it.

But it is an attractive investment, especially if the investor is primarily looking at rental income. Would make a lot of sense for those decoupling and planning to use this as a form of retirement or passive income.

TT made a strong case for Capital Gains over rental yield. But for those who are retired or/and have low taxable income, it would make a lot of sense !

One North Eden had almost every unit sold on launch day in early 2021. If the actual price follows indicative, this could be the new launch that sold one of the most units (in % terms) this year on launch day.

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think the worst performer till date is Terra hill
Some say rhymes with terrible sales, but 3x% also not too bad…

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