Clementi Ridges - Discussion here!

[sendohadr]

Feel free to correct me if I'm wrong, but I don't think BTO prices have dropped very much. It's just that this clementi ridges prices are high, because:

1) it's a prime estate. square meter for square meter, it's even more expensive than my current flat, which is near to town.

2) it's under SOBF, means it's already under construction. you'll find that prices of flats under SOBF, depending on it's stage of completion, will rise as it nears to completion date. The most expensive flats (after accounting for location) tend to be the ones which are already ready for occupation.


Also, I'd like to suggest a possible reason why there are so many empty flats in this project:

1) it's not because of lack of popularity. You'll find that the 5-rooms are ALL SOLD out, and most 4-rooms have been taken up too. This is really partly because at the time of the BTO, Clementi Ridges offered a much better price compared to our DBSS neighbour. For those who have been eyeing Clementi, it's a no brainer, really.
2) mostly 3 rooms are the ones unsold. My guess is that it's because it's expensive compared to the other 3-rooms in the neighbouring blocks. As I remember it, there wasn't much of a discount over the resale price of neighbouring 3-room resale flats.

Agreed with limestone's comments. the flats for 4 rooms from SOBF cost about 6k - 10k more than the BTO launch price so i don't think that the price has dropped at all.

 

[Limestone]

I have not been following the SOBF exercises by HDB recently, but I wonder what's the take-up rate for Clementi Ridges as of now...

 

[Limestone]

Latest status of Clementi Ridges Availability as of Nov 14 BOSF:

5-room : 1 unit available (312A)
4-room : 1 unit for 312A, 1 unit for 312B, 1 unit for 312C(2nd floor)

 

[168168happy]

Hi,

Seem like there's issue with the link to The CREO Community Forum.