Blossoms by the Park

[ktyandkyc]

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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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Maybe that could make Sunway think twice about its.pricing for continuim

 

[roflolmao]

Fairfield methodist is ahbeng pai kia school

How come demand is decent then even though results quite cui?

 

[De SantaClaus]

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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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Have to say Terra Hill achieved below 40% launch day sales because Hoi Hup wants to maximise profits. Land cost is 1318 psf ppr. The average launch price is 2650 psf

Interestingly, Continuum developer is also Hoi Hup. Land cost is higher at 1440 psf ppr. Assuming similar margins, the average launch price could be 2800 psf. Around a 13-14% premium to TG.

For Blossoms, land cost is 1246psf, i think EL is trying to move more units for capital management reasons, so we should expect more units sold on launch day. I am expecting at least 75% of units sold with an average price close to 2400 psf.

Would be interesting to see demand for DK, especially after the recent IRAS audit of 99/1 after OTP was exercised.

 

[ThinkCarefully]

Have to say Terra Hill achieved below 40% launch day sales because Hoi Hup wants to maximise profits. Land cost is 1318 psf ppr. The average launch price is 2650 psf

Interestingly, Continuum developer is also Hoi Hup. Land cost is higher at 1440 psf ppr. Assuming similar margins, the average launch price could be 2800 psf. Around a 13-14% premium to TG.

For Blossoms, land cost is 1246psf, i think EL is trying to move more units for capital management reasons, so we should expect more units sold on launch day. I am expecting at least 75% of units sold with an average price close to 2400 psf.

Would be interesting to see demand for DK, especially after the recent IRAS audit of 99/1 after OTP was exercised.

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thank you for your insights.
looks like HH is fighting for the number 1 spot.
no 1 for the least % of units sold over launch weekend… maybe can even sweep 2 of the top spots.
congrats


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[De SantaClaus]

https://www.edgeprop.sg/property-news/el-development-draws-4000-three-day-preview-blossoms-park
Pretty impressive for an under 300 units launch that is mainly rental play.

The launch is scheduled on April 29. I think average price should be slightly below 2,400psf

 

[De SantaClaus]

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thank you for your insights.
looks like HH is fighting for the number 1 spot.
no 1 for the least % of units sold over launch weekend… maybe can even sweep 2 of the top spots.
congrats


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30% to 40% sold on launch day is a sweet spot for developers. Leave them room to stage the price upwards. If the top 2 spot means more profits - why not haha

 

[ThinkCarefully]

30% to 40% sold on launch day is a sweet spot for developers. Leave them room to stage the price upwards. If the top 2 spot means more profits - why not haha

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need to fall to 2x% and below for them to feel the heat…


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[marshmallow96]

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.

My thought is same as you.. not a natural first choice for big extended families, but perhaps the elders are there to look see and give opinions to their adult children I’m interested in 3BR for own stay (kinda) but the 110 lots still bothers me (want something that I’ll stay and have the potential to become an investment property)

 

[ktyandkyc]

Have to say Terra Hill achieved below 40% launch day sales because Hoi Hup wants to maximise profits. Land cost is 1318 psf ppr. The average launch price is 2650 psf

Interestingly, Continuum developer is also Hoi Hup. Land cost is higher at 1440 psf ppr. Assuming similar margins, the average launch price could be 2800 psf. Around a 13-14% premium to TG.

For Blossoms, land cost is 1246psf, i think EL is trying to move more units for capital management reasons, so we should expect more units sold on launch day. I am expecting at least 75% of units sold with an average price close to 2400 psf.

Would be interesting to see demand for DK, especially after the recent IRAS audit of 99/1 after OTP was exercised.

I also think so for Continuum unless it wants to follow a maximise profit strategy that of Terra. One article said if follow the same profit margin as Terra, Continuum will be ard 29xx. If lower than 2800, the price surely is very palatable and may make ppl give up 1.25% for those booked TG lol

 

[marshmallow96]

Fairfield methodist is ahbeng pai kia school

The primary school is popular though

 

[roflolmao]

https://www.edgeprop.sg/property-news/el-development-draws-4000-three-day-preview-blossoms-park
Pretty impressive for an under 300 units launch that is mainly rental play.

The launch is scheduled on April 29. I think average price should be slightly below 2,400psf

This is quite impressive. Think like one North Eden, will get more than 1k cheques and indication of interest

 

[marshmallow96]

How come demand is decent then even though results quite cui?

Fairfield Methodist primary is quite popular and ballot every year for 2B and 2C, comments on the school seem good too and it’s affiliated to the sec school. For Fairfield sec, they have both Express and Normal streams la, Express stream is not bad actually and again it’s affiliated to ACJC. So once you are in the primary school, you basically have affiliation all the way to JC

 

[roflolmao]

Fairfield Methodist primary is quite popular and ballot every year for 2B and 2C, comments on the school seem good too and it’s affiliated to the sec school. For Fairfield sec, they have both Express and Normal streams la, Express stream is not bad actually and again it’s affiliated to ACJC. So once you are in the primary school, you basically have affiliation all the way to JC

Haha psle results cui leh, that's a key consideration of mine

Henry park also like not very impressive but at least can mix and network with the elites that live around that area

 

[ThinkCarefully]

30% to 40% sold on launch day is a sweet spot for developers. Leave them room to stage the price upwards. If the top 2 spot means more profits - why not haha

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yes, why not?... that’s why congratulate them

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[marshmallow96]

Haha psle results cui leh, that's a key consideration of mine

Henry park also like not very impressive but at least can mix and network with the elites that live around that area

Now still got PSLE results to see meh? Never announced for like 8 years already. My friends kids there do quite well. Now even harder to get in after all the BTOs around the area

 

[roflolmao]

Now still got PSLE results to see meh? Never announced for like 8 years already. My friends kids there do quite well. Now even harder to get in after all the BTOs around the area

I hear is tiagong one, so not confirm

 

[Hyruga]

Bukit panjang, woodleigh, Geylang also have blossom.

 

[moneyspinner]

This is going to be a sell out project!

 

[De SantaClaus]

I like how PLB make it very casual. Plus a slightly different perspective from Melvin who is a resale expert.

And very nice sharing from Grayce who stays there and has loads of friends who work there. The 'hottest' sector for fresh grads to work in now is tech, which is mostly located in One North & Science Park.

Exit audience would be younger professionals rather than HDB upgraders. I think this could be the launch which has the lowest average buyer age

I think 1+S/2b/2+S and 3b dual key would likely be almost/fully sold on launch day.

Fun fact - the 3b dual key is only 915 sqft, resulting in a (relatively) low quantum.

 

[ktyandkyc]

I like how PLB make it very casual. Plus a slightly different perspective from Melvin who is a resale expert.

And very nice sharing from Grayce who stays there and has loads of friends who work there. The 'hottest' sector for fresh grads to work in now is tech, which is mostly located in One North & Science Park.

Exit audience would be younger professionals rather than HDB upgraders. I think this could be the launch which has the lowest average buyer age

I think 1+S/2b/2+S and 3b dual key would likely be almost/fully sold on launch day.

Fun fact - the 3b dual key is only 915 sqft, resulting in a (relatively) low quantum.

Given TG also gd perf for 990 sqft, Ur predictions shld be there. Location actually blossom is very good.. I feel any region neutral person would likely rank blossom area environment no worse off than tg area