Chuan Park for $938m?

[applejack]

https://www.google.com/amp/s/www.ed...uan-park-2024s-best-performing-weekend-launch

Beat lentor mansion both in terms of absolute and percentage. Truly a great buy

Our fav ceo said:

"Generally, we think the developer has priced the project sensitively in view of the overwhelming demand, including from prospective buyers within District 19"

 

[Kunkka]

It has always been like that. All governed under COH regulations

What's the benefit of doing this

 

[Pukunara]

Singaporeans comprised about 93% of the total number of homebuyers, while permanent residents and foreigners accounted for the remaining 7%.

 

[applejack]

What's the benefit of doing this

Separate project account.
Separate finances.
Cleaner and safer

Developer cannot siphon funds away from down payment and progressive payments for other purposes other than project related purposes.

 

[DevilPlate]

Separate project account.
Separate finances.
Cleaner and safer

Developer cannot siphon funds away from down payment and progressive payments for other purposes other than project related purposes.

Yes and without proper regulations will end up like China last time…..

Now i think CCP put in measures for developer project acct liao

 

[wanker88]

> 50% is a given bro. Question is > 70%, > 80% or > 90%

Fantastic to see a 76% sales rate and the best performing new launch for the year!

 

[marshmallow96]

https://www.google.com/amp/s/www.ed...uan-park-2024s-best-performing-weekend-launch

Beat lentor mansion both in terms of absolute and percentage. Truly a great buy

Our fav ceo said:

"Generally, we think the developer has priced the project sensitively in view of the overwhelming demand, including from prospective buyers within District 19"

LOL think next time can use AI to write speeches for this favourite CEO... very easy to train hahaha

 

[CrunchTime]

https://www.google.com/amp/s/www.ed...uan-park-2024s-best-performing-weekend-launch

Beat lentor mansion both in terms of absolute and percentage. Truly a great buy

Our fav ceo said:

"Generally, we think the developer has priced the project sensitively in view of the overwhelming demand, including from prospective buyers within District 19"

Is it when can’t find the right and tactful word for expensive, “sensitively” is the most apt

 

[danedane79]

Did not see any CP news on its sale at all.

 

[jouhyo]

What I read from the ground is that the developer is unscrupulous and only priced a few units at the indicative. The next jump is 100k.

I hope this won’t extend to the construction process (ie. cheap materials, quality issue). No problem for investors who sell after 3 years. Good luck to those who buy for own stay.

 

[danedane79]

Then people who buy for own stay should band together and raise to housing authority to scrutinise the CP development work from start to finish

 

[roflolmao]

What I read from the ground is that the developer is unscrupulous and only priced a few units at the indicative. The next jump is 100k.

I hope this won’t extend to the construction process (ie. cheap materials, quality issue). No problem for investors who sell after 3 years. Good luck to those who buy for own stay.

This is very normal. Same everywhere, they will tell you the price while you are queueing to see the units available and tell you, you not happy then don't buy and let the person behind you buy. Most people see will suck thumb and buy.

One north eden marketed at 1.7k psf, day before they say price at 1.8k psf, the day itself 1.9k to 2k psf. Pretty sure every new launch is the same.

 

[applejack]

What I read from the ground is that the developer is unscrupulous and only priced a few units at the indicative. The next jump is 100k.

I hope this won’t extend to the construction process (ie. cheap materials, quality issue). No problem for investors who sell after 3 years. Good luck to those who buy for own stay.

Unscrupulous dev is not just Chinese. Sinkie dev and bolehland dev also equally unscrupulous

 

[applejack]

Did not see any CP news on its sale at all.

https://www.edgeprop.sg/property-ne...uan-park-2024s-best-performing-weekend-launch

https://www.businesstimes.com.sg/pr...6-units-sold-launch-weekend-average-s2579-psf

 

[pcmdan]

It’s the BTS (bishan, toa payoh, serangoon) vicinity that is very popular and great for home stay in terms of connectivity, schools and amenities.

This I agree. So shouldn't even bring things like almost RCR...since the price for this project nth to do with the RCR thingy

 

[pcmdan]

Unscrupulous dev is not just Chinese. Sinkie dev and bolehland dev also equally unscrupulous

Last I heard reserve residence developer, was it Fraser? very nice leh

 

[applejack]

Last I heard reserve residence developer, was it Fraser? very nice leh

Far east v nice for reserve
Fraser was v nice for northpoint too, but i dont think fraser will be nice for oreo, coz cdl joint venture

 

[recruit]

Hope workmanship for Chuan Park will be good.

My friend who bought Stirling Residences kpkb so many times on the poor workmanship and high density of units in the development. Think it was a China jv developer. Can’t rmb.

 

[pcmdan]

Hope workmanship for Chuan Park will be good.

My friend who bought Stirling Residences kpkb so many times on the poor workmanship and high density of units in the development. Think it was a China jv developer. Can’t rmb.

I stay in SR now. Cui lol
Longan

Units ok leh..the facilities also seems sufficient except for the 1 and only function room and bbq pit

To be fair, the neighbours are very nice and the common area vibes very good

But for the px can't complain

 

[applejack]

I stay in SR now. Cui lol
Longan

Units ok leh..the facilities also seems sufficient except for the 1 and only function room and bbq pit

To be fair, the neighbours are very nice and the common area vibes very good

But for the px can't complain

Stirling profits quite decent leh.
4-5% annualised on average