筍盤來了！！！Canninghill Piers

dareaper

dareaper

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Climber said:
I would say 80% sold over a week is very impressive. But is that what is good for the buyers?

A project which sells 30%-50% on launch weekend instead would allow developers to increase pricing over the remaining units over time. This forms the ‘uptrend’ everyone looks at (historical psf). And gives future buyers an added confidence in the project. My 2 cents.
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I believe the developers would have considered their pricing very thoroughly. Hindsight is 20/20 but demand forecasting is not the easiest thing to do.

There's always flipsides to leaving too much unsold inventory after the launch weekend. Maybe the developers foresee cooling measures coming soon? Considering that CHP is already at an average of 3K psf, I don't think there are many new launches at the same or higher PSF over the next 2-3 years that can "help" CHP revise their price upwards.
 
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CaptainSGP

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dareaper said:
I believe the developers would have considered their pricing very thoroughly. Hindsight is 20/20 but demand forecasting is not the easiest thing to do.

There's always flipsides to leaving too much unsold inventory after the launch weekend. Maybe the developers foresee cooling measures coming soon? Considering that CHP is already at an average of 3K psf, I don't think there are many new launches at the same or higher PSF over the next 2-3 years that can "help" CHP revise their price upwards.
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From a developer's perspective, they may be more concerned about 'Return on Capital' rather than maximising profit (though they are correlated).

For CDL, they still have the Fuji Xerox redevelopment & Central Mall redevelopment. Both require huge amounts of capital. Plus not forgetting their massive losses in China.

For CLD, they just delisted & need capital for Science Park 1 redevelopment.

So selling out 80% over a launch weekend is a good idea. Price it much higher (try to be greedy) is a risky move & can backfire in many aspects.
 
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CaptainSGP

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Climber said:
I would say 80% sold over a week is very impressive. But is that what is good for the buyers?

A project which sells 30%-50% on launch weekend instead would allow developers to increase pricing over the remaining units over time. This forms the ‘uptrend’ everyone looks at (historical psf). And gives future buyers an added confidence in the project. My 2 cents.
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Very good point. Selling only 30% to 50% on launch weekend is the easy part. Increasing pricing over the remaining units over time while consistently selling units is the difficult part.

Only 1 new launch in 2021 manage to do it this year.
 
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Passerboy

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CaptainSGP said:
Very good point. Selling only 30% to 50% on launch weekend is the easy part. Increasing pricing over the remaining units over time while consistently selling units is the difficult part.

Only 1 new launch in 2021 manage to do it this year.
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Which new launch? Normanton Park?
 
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Passerboy

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ThinkCarefully said:
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I thought you would say Florence...
started 14xx psf ..
According to TT, today seeing 19xx psf ...😱

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Oh I didn’t know what’s the context haha!

I thought he meant this “Selling only 30% to 50% on launch weekend is the easy part. Increasing pricing over the remaining units over time while consistently selling units is the difficult part.” And it’s a 2021 new launch
 
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ThinkCarefully

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Passerboy said:
Oh I didn’t know what’s the context haha!

I thought he meant this “Selling only 30% to 50% on launch weekend is the easy part. Increasing pricing over the remaining units over time while consistently selling units is the difficult part.” And it’s a 2021 new launch
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###

Oh, so many criteria...
I tot just increase prices since launch,
After 3 y ssd, can huat big is best...

If we take Florence exit at 17xx, entered14xx
gain is .. 20-25% already...

###
 
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Passerboy

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ThinkCarefully said:
###

Oh, so many criteria...
I tot just increase prices since launch,
After 3 y ssd, can huat big is best...

If we take Florence exit at 17xx, entered14xx
gain is .. 20-25% already...

###
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But Florence isn’t a 2021 project.. I think he was referring to Normanton Park.
 
NiShiZhu

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bujingyun82 said:
buy no scared.. scared no buy.. lol. Every project is a good project just like every school is a good school hahaha..
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hehe how true. No need get defensive when pple point out certain cons of certain projects. Every projects got its cons and merits.
Trust me, after u buy sell a few more rounds, u won’t even bother to defend your purchase anymore, too tiring.
There r more impt things in life money can’t buy like good health and family time.
let’s not turn this forum into a feel good session and only want to hear nice things. The real test is still on how it performed in resale.
we r all here for good bargains. :o
 
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dareaper

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seems like another 2 units moved today, left 140 units unsold out of 696 (79.89%). This weekend likely will cross the 80% mark. Yesterday jogged past the showroom, the tentage already being removed.
 
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ThinkCarefully

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NiShiZhu said:
hehe how true. No need get defensive when pple point out certain cons of certain projects. Every projects got its cons and merits.
Trust me, after u buy sell a few more rounds, u won’t even bother to defend your purchase anymore, too tiring.
There r more impt things in life money can’t buy like good health and family time.
let’s not turn this forum into a feel good session and only want to hear nice things. The real test is still on how it performed in resale.
we r all here for good bargains. :o
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###

Sad people have to do this...
Some even made me use English dictionary to explain because they are too defensive about their purchase.

exactly.. just wait for ssd. Then even if you dun believe in your own purchase, if it is indeed good, people will bring up and discuss ...

There are far too many presenters wanting to show positive examples and use your purchase project to showcase to others, (if it is indeed a Huat project)

like TT mentioned TV and seaside...
Someone else gave the example of PGA (Poiz, GEM and Alps)
Etc


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If one has purchased a unit, do you think it's wiser to lock in the spread for the mortgage now, or wait closer to Foundation? We have to arrange for floating anyway so fixed is not an option. If interest rate does rise in the short term, will spread compress a bit?
 
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