筍盤來了！！！Canninghill Piers

[earthred]

What's so good about NP ah? I think it's so so only lei

It is really just so so. But in a market of low supply in the OCR-RCR, it became the prettiest girl in the party. Also, some assume that since BCA will do the final check, they don't have to worry about Kingsford anymore.

 

[scanner007]

It is really just so so. But in a market of low supply in the OCR-RCR, it became the prettiest girl in the party. Also, some assume that since BCA will do the final check, they don't have to worry about Kingsford anymore.

But what BCA will check for?
100% check or sampling?

 

[earthred]

But what BCA will check for?
100% check or sampling?

https://www.businesstimes.com.sg/re...to-open-for-preview-after-no-sale-ban-dropped"For Normanton Park, one of the sale-licence conditions imposed is that all its units must pass the BCA's Quality Mark assessment before Kingsford can apply for a TOP.

Kingsford noted in its statement on Thursday that Normanton Park will seek to obtain the Quality Mark certification, which measures the quality of workmanship in every dwelling unit of a newly completed private residential project, after which it may become one of the largest residential developments in the country to achieve this for all its units."

Sounds like 100% check?

 

[scanner007]

https://www.businesstimes.com.sg/re...to-open-for-preview-after-no-sale-ban-dropped"For Normanton Park, one of the sale-licence conditions imposed is that all its units must pass the BCA's Quality Mark assessment before Kingsford can apply for a TOP.

Kingsford noted in its statement on Thursday that Normanton Park will seek to obtain the Quality Mark certification, which measures the quality of workmanship in every dwelling unit of a newly completed private residential project, after which it may become one of the largest residential developments in the country to achieve this for all its units."

Sounds like 100% check?

LOL, on paper they said 100% checks. In reality what would be checked and how throughout will be the check?
Sidenote: I know I won't touch Kingford developed project.

 

[Verghez]

LOL, on paper they said 100% checks. In reality what would be checked and how throughout will be the check?
Sidenote: I know I won't touch Kingford developed project.

Lol, bca check cannot be the gatekeeper. It’s only the extra measure for comfort. Otherwise wont see so many disputes in condos with excellent bca assessment.

i also cannot really understand why NP so hot haha. It’s like expensive hdb maybe design a bit better with some facilities nia.

 

[daheigou999]

i also cannot really understand why NP so hot haha. It’s like expensive hdb maybe design a bit better with some facilities nia.

Up to 4% commission leh Agents will talk it into a top project

 

[diminishin]

Someone should write to Stackedhomes ask them analyse NP sales

 

[NiShiZhu]

Lol, bca check cannot be the gatekeeper. It’s only the extra measure for comfort. Otherwise wont see so many disputes in condos with excellent bca assessment.

i also cannot really understand why NP so hot haha. It’s like expensive hdb maybe design a bit better with some facilities nia.

Haha bro, u r not alone. At least CHP sells well I understand, location, amenities, atas-ness and renowned developer all there. Just feel some unit type pricing slightly too high nia esp those 3xxxpsf. NP at 2kpsf I still struggle to understand the logic

 

[Oftheseas]

LOL, on paper they said 100% checks. In reality what would be checked and how throughout will be the check?
Sidenote: I know I won't touch Kingford developed project.

I agree with you that they might not do 100% checks. Come on, they already waived the policy for Kingsford to start selling way before TOP !

Anyway, some construction defects will only surface after 2~5 years later.

 

[normoh]

Think NP will be one of those self sufficient township cos got critical mass to support their own shop and community, A kampung if you will. So the surrounding may be dead but the place itself will not.

 

[Verghez]

Haha bro, u r not alone. At least CHP sells well I understand, location, amenities, atas-ness and renowned developer all there. Just feel some unit type pricing slightly too high nia esp those 3xxxpsf. NP at 2kpsf I still struggle to understand the logic

Haha, yeah NP at 2k is crazy.

I been to almost all new launches and their showrooms for 2021 and only put cheques for jervois mansion and CHP. So maybe i’m picky but NP wouldn’t even be anywhere close.

it’s not like the layout very efficient some more. most of them can do long shuttle run in the walkway to the bedrooms.

 

[bolster]

ASR and NP probably the view command a premium. Plus unsafe feeling going home at night is a plus point for NP, else they will be charging $3k psf.

 

[sellipad2]

Yes, It’s the same reasoning, while some feel NP and ASR r not that bad, there r also quite a lot who feels these 2 projects r overpriced and not near to mrt/amenities. These r valid concerns and I feel everyone is entitled to their opinions.

For me, I don’t usually compare projects in the current state of time. That state of time could be just the peak and outlook may seems rosy for almost everything.
I prefer to look at history, trends, past neighbouring transactions, location vs entry price. We all know many good performing projects bought in 2013 peak are still waiting to break even (even after waiting for so many years) whereas those who bought in 2014-2018 are already seeing good resales performance. Bro, again, Florence, NP, midwood and ASR may had performed well now but does not mean it will be likewise in resale. Resale performance is still the ultimate litmus test imo.


Anyway, don’t be misled. The one who usually gives candid comments r mainly airing their balls here. The one who gets more serious r usually those who had already placed their bet or had a stake in it.
like some had said, “since I had no stake in it, my opinions will be the most truthful and most candid”

i remember echelon one of my favourites, did very well in 2013 post CM with 100% sell out, till date now still no upside, so to them this may be a lost decade. Thing is its very hard to predict a market, even super hot projects like stirling may do a echelon because all future gains may have been priced in. SImilar for Jurong Gateway, i remember buyers queued overnight and it was sold in one day, till now still zero upside.

i believe every buyer will look at location, price trends, resale price in vicinity etc when making a purchase, buyers are getting smarter and smarter as data go digital, but doesnt mean what i dont appreciate, others wont as well. i agree resale is a good litmus test, my point is when we want to comment on performance of projects as of today, NP, ASR etc indeed did very well, unlike all the dark clouds looming on launch.

How it perform in resale is another discussion, people can laugh at them when it enters resale but at least today they are sitting on paper gains compared to buyers of HV or Hau. I am sure by now you will know which are the new launches that are really underperforming, since most of the people here are seasoned

 

[sellipad2]

Haha, yeah NP at 2k is crazy.

I been to almost all new launches and their showrooms for 2021 and only put cheques for jervois mansion and CHP. So maybe i’m picky but NP wouldn’t even be anywhere close.

it’s not like the layout very efficient some more. most of them can do long shuttle run in the walkway to the bedrooms.

Same i been to 50% of new launches in CCR and RCR and only did a cheque for JM and Reef. CHP to me, is a good buy but not value buy.

 

[diminishin]

i remember echelon one of my favourites, did very well in 2013 post CM with 100% sell out, till date now still no upside, so to them this may be a lost decade. Thing is its very hard to predict a market, even super hot projects like stirling may do a echelon because all future gains may have been priced in.

The same is going to happen now to those who bought at the high last year. Like you said, already priced in

 

[sellipad2]

The same is going to happen now to those who bought at the high last year. Like you said, already priced in

thats why my point is no one is good enough to predict future market price movement, we can only at best mitigate our risks because even i also cant be sure how CHP or NP will perform in time.

For all we know CHP may trend down and NP goes up on TOP, my needs may differ from other homeowners in the market

 

[NiShiZhu]

May not be able to predict the future but for seasoned buyers who constantly had done their due diligence, still can roughly gauge which project carries higher risk than the others. Even one or two projects may hv predicted wrongly and eventually perform well in resales, I feel it’s ok. It’s perfectly fine to miss projects when u have doubts than to buy a wrong one that stuck with u for decades

 

[Verghez]

Buying a property is not a small investment, and I’m sure people have done a lot of due diligence before deciding. Many of them would likely be seasoned buyers, especially for the pricier projects unless they rich man son.

if the property paper loss, then the buyer has to live with it. Every project has its risks, but at what price levels it become interesting enough to take the risk?

For this forum, I see it as a place to discuss pros and cons in general for different perspectives.

even if all my past investments have been profitable, I wouldn’t dare dismiss others viewpoints. What one might view as risky could be seen as a no brainer buy for another person. And who knows who will be right?

i see the youtube property videos very funny. Always talk about this and that is bad. The rare time that they say one is good is with the benefit of hindsight after it has already performed well in the market.

 

[scanner007]

i see the youtube property videos very funny. Always talk about this and that is bad. The rare time that they say one is good is with the benefit of hindsight after it has already performed well in the market.

The game play they used is "See! I told you so...., I will share more insight ....."-> engaged them.

 

[NiShiZhu]

Buying a property is not a small investment, and I’m sure people have done a lot of due diligence before deciding. Many of them would likely be seasoned buyers, especially for the pricier projects unless they rich man son.

if the property paper loss, then the buyer has to live with it. Every project has its risks, but at what price levels it become interesting enough to take the risk?

For this forum, I see it as a place to discuss pros and cons in general for different perspectives.

even if all my past investments have been profitable, I wouldn’t dare dismiss others viewpoints. What one might view as risky could be seen as a no brainer buy for another person. And who knows who will be right?

i see the youtube property videos very funny. Always talk about this and that is bad. The rare time that they say one is good is with the benefit of hindsight after it has already performed well in the market.

Err…Not true. One don’t need to buy a pricier project to be a seasoned buyer.
mr dyson’s wallich penthouse is the priciest but also end up in record as highest loss.