筍盤來了！！！Canninghill Piers

[scanner007]

Wah L, if AMK and JAB launch at $2-2.2kpsf, some 2/3 bedder at LM at $22,xx psf is damned cheap loh, city fringe some more, neighbor to CHP. LOL

BTW, MOR is which project?

 

[NiShiZhu]

Wah L, if AMK and JAB launch at $2-2.2kpsf, some 2/3 bedder at LM at $22,xx psf is damned cheap loh, city fringe some more, neighbor to CHP. LOL

BTW, MOR is which project?

Marina one residences.

 

[NiShiZhu]

Wah L, if AMK and JAB launch at $2-2.2kpsf, some 2/3 bedder at LM at $22,xx psf is damned cheap loh, city fringe some more, neighbor to CHP. LOL

BTW, MOR is which project?

Hehe, I also dunno what’s wrong with LM whereas pple seems more willing to pay 1.9-2kpsf for NP and yet kingsford still want to increase 5% price soon. Maybe the NP owners looking to sell NP at 2.2-2.4kpsf during resale?
if one thinks MOR is a ghost town, NP surrounding is no better either

 

[scanner007]

Hehe, I also dunno what’s wrong with LM whereas pple seems more willing to pay 1.9-2kpsf for NP and yet kingsford still want to increase 5% price soon. Maybe the NP owners looking to sell NP at 2.2-2.4kpsf during resale?
if one thinks MOR is a ghost town, NP surrounding is no better either

I was thinking whats wrong with LM too. I am attracted to its location and close vicinity to many great amenities nearby and many potential rejuvenation projects with some already ongoing, like CHP and Central mall just got re-acquired for redevelopment.

I can only think, could it be:
1. The current high price for those park facing 21/2 bedder units at $28xx, high floor?
2. Next to CTE?
3. Wife don't like nearby old HDB flats (but these are overdue for en-blocked, could be annouced for SER soon?).

But cannot be high crime rate hor like someone mentioned previously.
Police HQ is only walking distance away leh .


You are the seasoned property investor, what's your view? LOL

 

[NiShiZhu]

I was thinking whats wrong with LM too. I am attracted to its location and close vicinity to many great amenities nearby and many potential rejuvenation projects with some already ongoing, like CHP and Central mall just got re-acquired for redevelopment.

I can only think, could it be:
1. The current high price for those park facing 21/2 bedder units at $28xx, high floor?
2. Next to CTE?
3. Wife don't like nearby old HDB flats (but these are overdue for en-blocked, could be annouced for SER soon?).

You are the seasoned property investor, what's your view? LOL

If LM keep to 21xxpsf, I feel can move, 28xxpsf honestly I will go for CHP.

 

[ThinkCarefully]

Of coz lah, use kar chng and think also know. Unless got siao kia really love CHP Mickey Mouse unit so much until they die die want to squeeze in the one bedder for that 1.75mil quantum. Even if got such siao kia, what r the odds?

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these days, not one or two, but quite many siao Kia, just look at transactions can see those unprofitable. For every one or two unprofitable, there are a few who just held on as they believe ‘ since I bought at high price, cannot sell, never mind, no lose money’

Even those profitable, when they buy too high, they become the next siao Kia.

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[ThinkCarefully]

Trust me, no one will pay 3.5kpsf for small units and with no views. Paying near 3kpsf for such units is already steep. Maybe if lucky can find one or two at best who likely buy on impulse or didn’t do much research in resale.
Every project sure have one or two siao kia like we saw in PR8.

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you just confirmed his naked run?

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[ThinkCarefully]

Yes, I think some of us have seen too many of these “trophy” or overhyped projects that did not perform after TOP and faded away. Apart from your Reflection, KAP, DUO, MOR; there’s also Sky Habitat, Centro, Hamilton Scotts, Orchard Residences, etc. Either the actual product failed to live up or the novelty effect gone.

On the same note, we have seen Park Infinia, VIVA, Sky Eleven, Golden Hill Park, Panorama, Signature Park, all doing very well even 10/20 years on.

They just turn out to be much better than the sales pitch.

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paronama is a different case.
Developer cannot sell, need to write off losses in their report to sell at ‘acceptable’ prices.

of course, buyers make money...

buy-sell is a win lose relation. If seller can sell until lose money, buyers likely will make and vice versa.

therefore, when buying new launch, make sure the seller sells you are near or even lower than break even price, then you have higher chances to Make (still no guarantee if your unit is not a popular one)

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[rlskyline]

I was thinking whats wrong with LM too. I am attracted to its location and close vicinity to many great amenities nearby and many potential rejuvenation projects with some already ongoing, like CHP and Central mall just got re-acquired for redevelopment.

I can only think, could it be:
1. The current high price for those park facing 21/2 bedder units at $28xx, high floor?
2. Next to CTE?
3. Wife don't like nearby old HDB flats (but these are overdue for en-blocked, could be annouced for SER soon?).

But cannot be high crime rate hor like someone mentioned previously.
Police HQ is only walking distance away leh .


You are the seasoned property investor, what's your view? LOL

I walk past chin swee hdbs very often, that place is so dirty with all the old people just sitting at the void decks. very depressing place

 

[ThinkCarefully]

I walk past chin swee hdbs very often, that place is so dirty with all the old people just sitting at the void decks. very depressing place

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Your description reminds me of Whampoa- Balestier area (also RCR) ...

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[rlskyline]

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Your description reminds me of Whampoa- Balestier area (also RCR) ...

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haha yeah all the old estates.
and those old people, they just litter and spit on the floor. disgusting

 

[scanner007]

I walk past chin swee hdbs very often, that place is so dirty with all the old people just sitting at the void decks. very depressing place

Old HDB, yes (overdue for SER)
Dirty, No. I don’t see it dirty, no at all.

I often visited the site, the place is not in such sorry state. Lol

 

[Passerboy]

I walk past chin swee hdbs very often, that place is so dirty with all the old people just sitting at the void decks. very depressing place

Depressing meh? Dirty I don’t think so.

I jus took a walk there at night not long ago. The only issue I thought was the walk from mrt being upslope, unshelthered and not lit at night, could also be abit tough to navigate at night if u are unsure of the path to take. There is also the main road/expressway that separates Landmark from the other flats at Jalan KuKoh.

From Landmark, less than 15 mins by foot to Clarke Quay area.

 

[rlskyline]

Old HDB, yes (overdue for SER)
Dirty, No. I don’t see it dirty, no at all.

I often visited the site, the place is not in such sorry state. Lol

try visiting that place on Sunday, especially when there is horse racing.

 

[scanner007]

try visiting that place on Sunday, especially when there is horse racing.

Ok, I did my visits during weekdays, Saturday, but didn’t try Sunday. You mean every Sunday it’s dirty? At what time?

 

[scanner007]

Depressing meh? Dirty I don’t think so.

I jus took a walk there at night not long ago. The only issue I thought was the walk from mrt being upslope, unshelthered and not lit at night, could also be abit tough to navigate at night if u are unsure of the path to take. There is also the main road/expressway that separates Landmark from the other flats at Jalan KuKoh.

From Landmark, less than 15 mins by foot to Clarke Quay area.

Bro, 7 mins can reach Clarke Quay, must know where the short cut is. Lol

No need walk by the upslope, take the alternative route from the HDB to cut across to the commercial building, add <3 mins will do.
I believe when the LM has TOP, the rejuvenation of Perl hill park will be also be completed, the area should be brightly light up or at least in a much better shape.

 

[sellipad2]

Forett is FH my dear. And quite a no. of units go for as Low as 16xx-18xxpsf during launch
It is the linq that is overpriced.
If JAB really launch above 2kpsf, very simple…..passed

Forett is far from MRT, i was driving around the landed area and noticed projects like nottinghill, kismis and forett all located at top of upslope, only suit a fit zai. If i remember correctly those at 1.6k probably have strata void space.

JAB is an integrated right above interchange, forett is FH but non integrated and 900m from MRT, so it should cancel out. I think it caters to 2 different segment, forett is for peace and tranquility while JAB is for those with vibrant lifestyle.

the last bounced out LINQ unit was sold in dec at $2378 psf, if i combine that with the 2 mayfair and edgeprop projected breakeven of $1.7k psf, jab likely to launch above 2k psf. Somemore this is by FEO philip ng, known for their record in setting benchmark across all LH and FH in area.

if really launch near to 1.7k, professional fund manager, family office and people here will rush in with multi unit purchase, with enough names 4-5 units also no issue, maybe hedge fund mgr may even buy up whole stack

 

[sellipad2]

I walk past chin swee hdbs very often, that place is so dirty with all the old people just sitting at the void decks. very depressing place

yea the issue with LM is the vibes it generate, numbers aside property purchase decision sometimes is an emotional thing, you need to feel good about the project and buyers want to feel good about themselves buying the project.

For LM, buyers may associate it with Chinatown rather than the lifestyle brand offered in CHP or riverie, like i do enjoy going red star for yum cha but i wouldnt want to live there. i prefer a residential locale with good livability, nice view and positive vibes, like principal garden or echelon or domain 21, though the BTO may change this soon.

Fact that OPB and ASR have transactions at 2.4-2.5k psf every week while LM is stagnating means there is some product or pricing issue. i think after 3 year SSD there may even be LM subsale where owners try to undercut the developer price, because if developer cant achieve 100% sale, there will be no way for new launch buyers to sell higher on TOP, but then developer who is well versed with game theory may discount first before subsale owners have chance to do so, so developer is likely to watch out for the 3y SSD mark.

 

[NiShiZhu]

Forett is far from MRT, i was driving around the landed area and noticed projects like nottinghill, kismis and forett all located at top of upslope, only suit a fit zai. If i remember correctly those at 1.6k probably have strata void space.

JAB is an integrated right above interchange, forett is FH but non integrated and 900m from MRT, so it should cancel out. I think it caters to 2 different segment, forett is for peace and tranquility while JAB is for those with vibrant lifestyle.

the last bounced out LINQ unit was sold in dec at $2378 psf, if i combine that with the 2 mayfair and edgeprop projected breakeven of $1.7k psf, jab likely to launch above 2k psf. Somemore this is by FEO philip ng, known for their record in setting benchmark across all LH and FH in area.

if really launch near to 1.7k, professional fund manager, family office and people here will rush in with multi unit purchase, with enough names 4-5 units also no issue, maybe hedge fund mgr may even buy up whole stack

I have already lose touch if buyers still care for things like far away from mrt or amenities after looking at leasehold NP (sold at near 2kpsf) had emerged as the king of top sales in 2021 and tiagong going to increase another 5% in the next round.
Those bought FH forett at 16xx-18xxpsf looks like a steal to me now, lol

 

[sellipad2]

I have already lose touch if buyers still care for things like far away from mrt or amenities after looking at leasehold NP (sold at near 2kpsf) had emerged as the king of top sales in 2021 and tiagong going to increase another 5% in the next round.
FH forett at 16xx-18xxpsf looks like a steal to me now, lol

yea i was surprised by NP as well, but well its quite a tranquil location, face greeny and some units may even have water view. Maybe during covid, individual buyer preferences are changing and more want to live near greenery, i saw some surveys before and this is true..

Actually any projects that is around 1.6k+ in 2020 or 2021 is a steal, because its near to the floor of 1.5k psf islandwide. Moving forward i dont think it will be easy to find a new launch at this price point anymore..

when the 2 projects in sembawang are sold out, likely we wont see 1.5k psf for new launch again this year.