筍盤來了！！！Canninghill Piers

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Verghez

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Passerboy said:
Think u got a gem. The Low floor views there got unobstructed views towards MBS yet psf below $3000psf..
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That’s what i’m hoping for, maybe some fine connoisseurs will come and offer me an offer i cant refuse but worst case, just stay also shiok lol.
 
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rlskyline

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scanner007 said:
Though I can afford to buy another one but this will locked down my liquidity to invest in other more lubricative investment , returns don't matched up.

For its location, address and amenities, no complain. I like the surroundings area and quite near Chinatown.
Maybe when my current property TOP, might consider sell away and hunt 1 unit at CHP, 3 bedder premium (Fort Canning Facing + MBS :love: ) or 2 bedder MBS facing for own stay.

Congrats to all bros who got the units.
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but if u buy resale CHP, maybe not much meat left
 
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rlskyline

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Verghez said:
Yeah good stack, i was really keen on this but too small for own stay. If bought this, only can be for investment. In the end, must listen to wife too, haha.
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can I ask if u have children? I guess not since it will be small for own stay
 
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scanner007

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rlskyline said:
but if u buy resale CHP, maybe not much meat left
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It will be own stay if I am going for CHP. I doubt the price will appreciate much at this price point for the next few years. I could be wrong though.

With this budget of over 2 mils to 4 mils, depends on 2 or 3 bedder, my options will be much more. If CHP price appreciated more, I congrats current buyer and I might considered what’s my option, or to move on to other projects.
If resale for certain CHP units is lower than launch price , my window of opportunities is open.

I am not in a hurry. No FOMO 😉
 
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ThinkCarefully

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Verghez said:
Fort canning, straight train to hwa chong. Chiong ah
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###

Summarising,


1. Pricing trophy project is different from ‘lady lisa’ painting from another shop across the street.

2. Buyers of art pieces do appreciate the art and value and the demand is actually high.

(Can this explain why other nearby launches seem to be value buys, delta about 800 psf but sales performance different?) I disagree with those who thinks CHP pricing is too Low.

Note: I am just as surprised with the results and findings



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Verghez

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ThinkCarefully said:
###

Summarising,


1. Pricing trophy project is different from ‘lady lisa’ painting from another shop across the street.

2. Buyers of art pieces do appreciate the art and value and the demand is actually high.

(Can this explain why other nearby launches seem to be value buys, delta about 800 psf but sales performance different?)

Note: I am just as surprised with the results and findings

####
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I was frankly of this opinion but wasn’t sure myself until it actually happened.

as shared before balloting here, the market segment here is really different. They arent really looking for value buys but really buys that have enough unique selling points. This one ticks many boxes. Others around the area are cheaper but not good comparables.
 
䏣炆玧示老太

䏣炆玧示老太

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Verghez said:
I was frankly of this opinion but wasn’t sure myself until it actually happened.

as shared before balloting here, the market segment here is really different. They arent really looking for value buys but really buys that have enough unique selling points. This one ticks many boxes. Others around the area are cheaper but not good comparables.
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That’s why thread title was put very clearly shunpoon lai liao
 
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CaptainSGP

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ThinkCarefully said:
###

Summarising,


1. Pricing trophy project is different from ‘lady lisa’ painting from another shop across the street.

2. Buyers of art pieces do appreciate the art and value and the demand is actually high.

(Can this explain why other nearby launches seem to be value buys, delta about 800 psf but sales performance different?) I disagree with those who thinks CHP pricing is too Low.

Note: I am just as surprised with the results and findings



####
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Spot on - Buyers of trophy project are like buyers of art pieces.


On the nearby launches - OPB did well also, iconic project near CBD & right beside SGH & Outram Park MRT. OPB is also a nice piece of art.

For CBD/near CBD projects, it’s important to understand buyer & tenant (since most buyers r investors) profiles.

Most have $$$, want to live in a prestigious development, around atas neighbourhood & want convenience. Canninghill Piers fits this perfectly.

Assess those nearby ‘value’ buys on the criteria above & it’s obvious why they r struggling to sell.
 
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