Chuan Park for $938m?

[Passerboy]

No rush bro. You can always wait for subsale/resale then enter ASR if you really want a piece of the GSW story or like the development. Entering at 2.2kpsf, what is the possibility of exiting at 2.4-2.5kpsf, who is going to buy from you? Will future buyers choose to buy ASR at 2.5kpsf when they can get a premium unit at Landmark or OPB during resale at a lower price?

I personally won’t enter a project that is not within walking distance to MRT. But some r buying ASR for long term stay and $22xxpsf is about right for a CBD fringe new laugh proj I guess?

 

[NiShiZhu]

The condo next to the mrt already hitting 1.7k psf in resale market. So why cannot sell for 2k psf for new project?

Of coz can. Nowadays Even 2.5kpsf for new launch also no problem. It’s just a matter how these roberts exit next time
Bought the right deal Normal pple need to hold 3-4years. Bought the wrong deal maybe roberts need to hold 3-4 decades

 

[NiShiZhu]

I personally won’t enter a project that is not within walking distance to MRT. But some r buying ASR for long term stay and $22xxpsf is about right for a CBD fringe new laugh proj I guess?

Some bet on NE2

 

[scanner007]

Seems like it wor…

钻牛角尖 play at ASR:

Hmm…. Since this is more like a family staying development, If the father/mother drive but kids have to take bus or walk 15 mins to take mrt, how sad?

Good part is, it is near to expressway, convenient (with car) and noise as bonus.

Wait! The vicinity is surrounded by poor neighbourhoods, will there be concern on safety?

 

[bujingyun82]

Of coz can. Nowadays Even 2.5kpsf for new launch also no problem. It’s just a matter how these roberts exit next time
Bought the right deal Normal pple need to hold 3-4years. Bought the wrong deal maybe roberts need to hold 3-4 decades

It’s really a sleepy area.. I’ve been driving past the area consistently for the past 10 years.. besides that new tech park with some new eateries.. I didn’t notice any change at all.

 

[NiShiZhu]

It’s really a sleepy area.. I’ve been driving past the area consistently for the past 10 years.. besides that new tech park with some new eateries.. I didn’t notice any change at all.

Recently Noticed an interesting phenomenon.
Seems like many are starting to accept and getting used to exorbitant price.

2018 we still see PE/PC/Stirling transacting at 16xxpsf.
in 2021, pple began to accept sleepy town like Lorong Chuan,amk, lentor at 2kpsf.

 

[1993newbie]

Some bet on NE2

What if it never materialise?
Salah who?

 

[Passerboy]

What if it never materialise?
Salah who?

Salah own self la. For being too naive.

 

[Passerboy]

Recently Noticed an interesting phenomenon.
Seems like many are starting to accept and getting used to exorbitant price.

2018 we still see PE/PC/Stirling transacting at 16xxpsf.
in 2021, pple began to accept sleepy town like Lorong Chuan,amk, lentor at 2kpsf.

AMK not sleepy town wor, in fact very lively and convenient, AMK to anywhere also very convenient, next time AMK can travel to Pasir Ris in less than 30 mins by CRL and have TEL nearby at Mayflower. Can accept AMK for $18xxpsf but $20xxpsf abit stretched.

 

[NiShiZhu]

AMK not sleepy town wor, in fact very lively and convenient, AMK to anywhere also very convenient, next time AMK can travel to Pasir Ris in less than 30 mins by CRL and have TEL nearby at Mayflower. Can accept AMK for $18xxpsf but $20xxpsf abit stretched.

centros already making loses. Try launch ulu amk near 2kpsf and we shall see whether this town is exciting enough to help buyers exit at decent profit in near future.

 

[Passerboy]

centros already making loses. Try launch ulu amk near 2kpsf and we shall see whether this town is exciting enough to help buyers exit at decent profit in near future.

Centro Residence the land area too small, and when it was launched there was a disparity in psf price range some as Low as below $12xxpsf some touching $19xxpsf. Those unit below $15xxpsf still see profits in the resale market. But if launch $20xxpsf then can forget it alr haha. My guess is launch $17-18xxpsf..

One more thing is Centro Residence maintenance is pretty poor.. paint peeling can be seen.

 

[CaptainSGP]

Recently I starting to feel ASR fairly valued alr if below $22xxpsf though it’s shortcoming is not within walkable distance to mrt, it appeals to those who just want to drive. Some prefer ASR to Landmark too..

There’s a chance that ASR may fall in the next few years as some buyers who bought on GSW got impatient with no news announced. My personal guess is that Govt priority is to build more BTO & catch up on the infrastructure delays first then think abt GSW.

There’s potentially Fuji Xerox, Maxwell house & Marina View white site to ‘steal’ demand away from ASR.

 

[CaptainSGP]

Centro Residence the land area too small, and when it was launched there was a disparity in psf price range some as Low as below $12xxpsf some touching $19xxpsf. Those unit below $15xxpsf still see profits in the resale market. But if launch $20xxpsf then can forget it alr haha. My guess is launch $17-18xxpsf..

One more thing is Centro Residence maintenance is pretty poor.. paint peeling can be seen.

Would u prefer to live in Panorama or Centros ? Both in AMK. Centros better location, Panorama bigger land size & more facilities/landscape space

 

[Passerboy]

There’s a chance that ASR may fall in the next few years as some buyers who bought on GSW got impatient with no news announced. My personal guess is that Govt priority is to build more BTO & catch up on the infrastructure delays first then think abt GSW.

There’s potentially Fuji Xerox, Maxwell house & Marina View white site to ‘steal’ demand away from ASR.

My guess is ASR prices would fall slightly.. haha… but if u buy for own stay long run 10 years and beyond should be ok. Not everyone is ok w the lack of amenities and MRT station imo.

 

[Passerboy]

Would u prefer to live in Panorama or Centros ? Both in AMK. Centros better location, Panorama bigger land size & more facilities/landscape space

Panorama of cos! More amenities, nice gym and facilities. I been to this condo before, it’s chio! Not forgetting there’s upcoming Mayflower mrt within walking distance and it’s opp St Nick which favours families w sch going girls.

 

[CaptainSGP]

SU DD

$6xxpsf lower than EC land bid, not possible bah. How come u also put in so much price buffer for profit margin.

Due to uncertainty regarding labour cost & material cost. Only certainty is 5years ABSD deadline. It’s easier to guess average launch price (based on surrounding launches) then to guess land bid prices.

 

[ThinkCarefully]

Mandarin garden failed how many times already and yet owners keep increasing the asking price. Dunno what’s the thinking with the owners there.
Everyone now keeps thinking rising tides sure lift all boats. This is lorong chuan, not midtown chuan.

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Majority in mandarin rather see their lease run down than en bloc..

The condo very well maintained despite age

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[normoh]

What if it never materialise?
Salah who?

Salah Liverpool la.

NE2 might materialize at the edge of Keppel Distripark nearer to the highway as that location is slated for public housing and near to bukit purmei estate. Higher pop density then ASR there.

 

[ThinkCarefully]

It’s really a sleepy area.. I’ve been driving past the area consistently for the past 10 years.. besides that new tech park with some new eateries.. I didn’t notice any change at all.

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Are you aware that Lorong Chuan can walk to Nex mall in 10-15 mins? Very pleasant walk along the canal/ school and under hdb Void Decks.

Also, with mrt at door step, can reach Bishan or Nex if take train, just one stop.

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[Falafell]

I personally won’t enter a project that is not within walking distance to MRT. But some r buying ASR for long term stay and $22xxpsf is about right for a CBD fringe new laugh proj I guess?

The acceptance of 22xx psf of ASR is also largely speculating on GSW transformation to be their exit strategy and partially on NE2 station, should any of these take longer than speculated or does not happen, its a risk for ASR’s pricing.

Given that NE2 station was not mentioned as a pipeline project in LTMP 2040, the chance of NE2 station being developed before 2040 is very slim. Secondly, plans can change. There was no infill station box/ unoperational station provided for NE2, unlike Woodleigh and Buangkok which had stations that remained closed for a decade.

With CCL’s Keppel and Cantonment stations being built, NE2 becomes almost completely redundant as the aforementioned stations will serve the GSW and the residential catchment and theres no need for another NEL-CCL interchange since Harbourfront does the job.