Clavon@Clementi

[holasingapura]

4 years SSD over :
$50k loss

Plenty of unprofitable transactions for new launches purchased in 2013. I cannot imagine what it will be like for 2019-2020, where new launches are priced 20% to 40% higher.

 

[scanner007]

4 years SSD over :
$50k loss

Anyone know the breakeven price psf of the developer?

 

[Forever84]

In another series of
“BUY NEW LAUNCH SURE HUAT”, sure or not?

Trilinq launch in 2013, developer price from $769k. A one bedder transacted way below developer launch price in resale market.

First resale 1 bedder for TRILINQ since TOP!
Transacted $730k!!!!!!!

Resale Market still starting to accept $7xxk in Clementi enclave for 1 bedders.

Because quantum too big... Developer need to make 350 sqft 1 bedroom

 

[1993newbie]

Because quantum too big... Developer need to make 350 sqft 1 bedroom

Question is, is there truly a demand for 1 bedder in Clementi side?

> TRILINQ, launch in 2013 with 112 one bedders, so far only 1 entered resale market & it’s a negative sale. Even Lower than developer launch price!

> Quantum for 2019 launch PARC CLEM with 204units 1/1+S bedder starts from $696k.

> Quantum for 2020 launch CLAVON with 72 units 1+S starts from $807k.

Since 2013 (Trilinq launch) till now, market is still trying to accept $7xxk for one bedders in Clementi enclave. That’s a good 7 years.
Parc clem & Clavon will just add in to the supply.

 

[Forever84]

Question is, is there truly a demand for 1 bedder in Clementi side?

> TRILINQ, launch in 2013 with 112 one bedders, so far only 1 entered resale market & it’s a negative sale. Even Lower than developer launch price!

> Quantum for 2019 launch PARC CLEM with 204units 1/1+S bedder starts from $696k.

> Quantum for 2020 launch CLAVON with 72 units 1+S starts from $807k.

Since 2013 (Trilinq launch) till now, market is still trying to accept $7xxk for one bedders in Clementi enclave. That’s a good 7 years.
Parc clem & Clavon will just add in to the supply.

Got demand, just not at that price

Clementi always got rental demand one, the question is whether with a rental of 2.2k is it worth to buy a 800k 1br? Negative cash flow le

 

[8zaoyu]

Got demand, just not at that price

Clementi always got rental demand one, the question is whether with a rental of 2.2k is it worth to buy a 800k 1br? Negative cash flow le

If I have 800k to 900k, I will do other investments first till I get some property at least 1000 sq feet! When ECs gone over $1000 per square feet, that was the time I came into Forum to look look see see. I think these so called investors have never lived in a 1 room flat before! Renters stay a few months in these 1-bedder pte can actually get to rent a "relatively new" 4 - 5 rooms HDB to themselves!

 

[19931993]

If I have 800k to 900k, I will do other investments first till I get some property at least 1000 sq feet! When ECs gone over $1000 per square feet, that was the time I came into Forum to look look see see. I think these so called investors have never lived in a 1 room flat before! Renters stay a few months in these 1-bedder pte can actually get to rent a "relatively new" 4 - 5 rooms HDB to themselves!

for that amount, why not top up a few k more and stay at novena? better location for more than 2.2k

 

[19931993]

Plenty of unprofitable transactions for new launches purchased in 2013. I cannot imagine what it will be like for 2019-2020, where new launches are priced 20% to 40% higher.

ugh is this for clementi only?

 

[Passerboy]

for that amount, why not top up a few k more and stay at novena? better location for more than 2.2k

I think the issue is while Novena is a good location, the higher psf or price u enter, the more risk u are taking on. Given if u enter 22xxpsf u need to sell 24xxpsf to profit, ur target audience would be smaller as less ppl could afford it.

For a project like Clavon or other OCR projects, the entry price is lower, for Clavon about 15-16xxpsf, the exit price one need to achieve is about 17-18xxpsf, which is already tested in better located projects.

 

[noobkia]

Hehehe no need analyse so much. Clementi will eventually make money one, maybe not so or harder for 1-br but rental is there. Though I think Buyingg smth for rental yield and not easy to liquidate it is not v wise, might as well buy reits better.

 

[1993newbie]

 

[Falafell]

Hahaha to think Midwood is finally on the list!

 

[Hyruga]

Next time, the new site will build where?

Will the seaview units be blocked?

 

[TOKARA]

Hehehe no need analyse so much. Clementi will eventually make money one, maybe not so or harder for 1-br but rental is there. Though I think Buyingg smth for rental yield and not easy to liquidate it is not v wise, might as well buy reits better.

Exactly what u said

 

[sgpropertyblog]

Clavon bounced out unit
1+Study 527sqft
$881k
17-08
Balloting on 15th ..lai, anyone?

 

[jc_zone]

Ya, before jumping into resale (if you are not urgent), i think might be worthwhile to
1) wait for One North Eden showflat
2) Drop by Kent Ridge Hill Residences (think still have some 17xxpsf)
3) visits some of the D21 new launches (forett, daintree, verdale etc...)

At least can make a more informed decision.
my 2 cents

yes agreed, One North Eden is more strategically located compared to Clavon or Parc Clematis
Be it for investment r for own stayed, the area sparks more capital growth - my 2cents

Normanton will appeal to buyer/family looking for quiet/serene/resort living I guess

 

[Passerboy]

yes agreed, One North Eden is more strategically located compared to Clavon or Parc Clematis
Be it for investment r for own stayed, the area sparks more capital growth - my 2cents

Normanton will appeal to buyer/family looking for quiet/serene/resort living I guess

Surprisingly, I kept reading reviews that state one north eden is more for investment and rental than family living, and many stating that Normaton Park or Clavon would be more ideal for family living.

 

[xtinkz]

Appreciate some inputs.

I quite like the 4BR-P but a few things weigh on my mind:

1. At almost 2.4-2.5mil, is it a worthwhile investment considering you might have alot of other options for home stay at this budget?
2. AYE facing - how effective is that acoustic barrier thing at the balcony? Wonder if low floor (between 4-8th level) noise is still bad for Stack 6?
3. If u are a future buyer, will you pay 2.6mil++ for a resale unit like this? Ie. Exit strategy.

What I like about the project, is the layout, and the psf compared to nearby new projects, eg clematis.

 

[1993newbie]

3. If u are a future buyer, will you pay 2.6mil++ for a resale unit like this? Ie. Exit strategy.

At $2.6m quantum, that’s close to $600k more from neighbour’s project, CLEMENT CANOPY which I personally prefer it’s layout as compared to CLAVON’s 4 bedders.
I find $2.6m pricey TBH.

Here’s the transactions of 4 bedders in D5 in recent years projects. D5 resale market sees bigger units more popular as compared to smaller unit hence an indication of family own stay demographic.

CLEMENT CANOPY;

PARC RIVIERA:

TRILINQ:

 

[xtinkz]

The nearest direct comparison against clavon would be canopy. But the 4br is smaller than the 4br-p (1582sqft).

I quoted 2.6mil++ as the exit strategy, ie will anyone pay 2 6mil++ to buy a 4br condo from the 1st buyer in future? Topping up a couple hundred Ks could get u a simple landed with more space ?