Forett

[bujingyun82]

Not too sure of the exact stacks.. just saw a few posts from the agents closing the deals and mention of new stacks being released..

Any idea which stack they released?

 

[4kenken4]

New home sales in Singapore for August surprise with 16% rise m-o-m

https://www.stproperty.sg/singapore...ith-16-rise-m-o-m?utm_medium=TheBusinessTimes

 

[Passerboy]

https://stackedhomes.com/editorial/neighbourhood-of-the-week-bukit-timah-district-21

Article on D21 for sharing by Stacked

 

[Zetrio2006]

Forett is the Champion in the month of August (Launch Month)!

 

[xirodspace]

Wa..haven't visited this forum for awhile and guess our fav 'undisputed' golden word NSZ member is still camping here 24/7 and propogating his condescending views as the golden word.

Let's do a recap of all his mistakes:

1) Not recognizing that FH commands a premium above LH. Trying to say FH D21 = LH D7/D9 when they are not even near.

this price tag is so close to kopar D9 and the M at D7 in CCR. Which one makes more finance sense?

Don’t u agree something not quite right if D21 and D9/D7 is priced almost similar?

Forett, the linq price reference was made and compared to D9/D7.

Correction to do:
Forett at 18xx-20xx (freehold) should vs D9 freehold like e.g. Pullman at 26xx-27xx (this is the fair pricing currently where units are moving; previous 30xx pricing was overpriced)
Leaseholds like Daintree at 15xx-17xx should vs Leasehold like Kopar / the M (23xx-25xx)
So ultimate conclusion should be that D21 is nowhere near D7/D9

2) Not doing enough homework with predictions being off by a mile

70units out of 633 units.

Wapiang, with this kinda pricing, I’m not sure can hit 70units or not, which is my original prediction.

Looks like my prediction of 70 units sold during this weekend is also quite high

Correction: Forett opening sales were ~200 units (i.e. 3x of this guy's prediction)

3) Failing to recognize actual demand and supply dynamics, loosely using the word "oversupply"

Didn’t I already quoted PE/Stirling/Park colonial as reference?

Hehe looks like the oversupply situation not only seen in D21, but also seen in Homeseeker forum. Suddenly with 4 active threads on forett, verdale, the linq and V@K.
Oh well, how could I miss Out daintree as well?

Correction: Again, not doing enough homework to understand that D21 new launches are all mid-sized developments so overall new supply is comparable with other fast-developing areas:

To provide info for TOP units between 2 year period:

Beauty World (TOP 2022-24):
Forett(633) + Daintree(327) + V@K(186) + Verdale (258) + Linq(120) = 1,524 units
*Excludes Mayfair as these are served by KAP MRT not Beauty World

Woodleigh (TOP 2022, all in 1 year):
Park Colonial(734) + Woodleigh Residences(667) + Tre Ver(729) = 2,130 units

Queenstown (TOP 2020-22):
Stirling Residences(1,259) + Queens Peak(700) + Margaret Ville(309) = 2,268 units

Eunos (TOP 2022):
Parc Esta(1,399) + Boutique developments like Tedge(42), Olloi(34) etc. = ~1,500 units

Conclusion: No oversupply, in fact D21 demand has been exceptionally strong to absorb the supply. Also, he fails to recognize that not everyone loves to stay in mega developments like Parc Esta, Stirling etc. where u have to compete with the crowd every day for facilities and jump into a pool full of kids. Will instead argue that the wide selection of new launches with low density in D21 is better than all these mega-devlp.

4) Wrong facts

Forett is 1/3 sold, which I think is pretty impressive based on its psf, but not forgetting there’s another 2/3 mileage yet to be seen. Let’s continue to observe further in order to draw a more conclusive judgement. Also need to observe other upcoming D21 projects sales to understand whether fatigue and oversupply has sets in.
While some are proud of daintree 60 plus % sales, do note that it has been in market for two years and its counterparts like PE, stirling, Tre ver, park colonial are all around 90% plus to near 100% sold. Comparatively, this is not really an impressive sales result for daintree tbh.

Daintree is another clear indication. If buy for self stay, it’s fine and no comment, if buy for short to mid term cap gain do think again.
In the market for 2 years already only sold about 2/3 out of 327units.

Correction: As of today, Daintree is 82% sold.

5) General condescending attitude - calling places slums etc. (too many so not bothering to give examples)

Remember to do correction and submit homework on time ah

 

[NiShiZhu]

Lol the undisputed “truth” holy grail voice of the forum has spoken again.
Yeah oversupply everywhere to u la. Even in the face of strong (and increasing) demand and property upgraders across West and east (as seen from past few months of strong non-landed private property sales), so long as there are empty units unsold, it’s oversupply to u. U suggesting that Govt never do homework keep tendering out multiple land plots without expectations of corresponding population growth? U suggesting that Developers will price their bids not doing homework on competing surrounding developments supply or potential buyer receptiveness to their sales pricing? U suggesting that URA/BCA should not plan years in advance to manage projected residential trends in each area?

Hehe, Don’t be ignorant la, since when Govt tender out so many land in D21? Don’t u not know many of these sites in D21 are the results of enbloc sales during euphoric times? Just to name you a few:
Mayfair garden and modern (Former mayfair enbloc site), the linq (Former Goh and Goh building), ki residence (former brookvale park), forett (former goodluck garden), view@kimis (former kimis view enbloc site).....

That’s why an insecure buyer like u have to constantly guarding your turf w/o understanding the background facts and probably didn’t even do enough homework to understand the oversupply situation in D21 is due to euphoric enbloc sales instead of Govt tendering out these lands non stop. Thus, resulting the govt to introduce 2018 CM to clamp down on all these enbloc sales by slapping the developer with ABSD deadline.

Hehe, sorry to say this but I can tell that u know nothing about property
Did u even think through before u comment which sites are released by govt vs the total number of enbloc sites in D21?

Oh on a side note, u should also pray that penrose to launch higher than 17xxpsf onwards or else your daintree entry pricing may eventually turn out to be a fallen tree pricing

Haha, quote so many post for what? Can tell u very insecure
Hehe, who’s facts is wrong when jokers like u say D21 land is mostly Govt GLS when u don’t even know most site are enbloc sales. And since when population is growing?

If D21 no oversupply then verdale should sell very well on first day. No?
Did verdale first day lousy sales give u a big shock?
Still in your dreams hoping daintree to have cap gain in short term when surrounding projec not selling well plus many new upcoming launches coming? Lmao

Buy already just move on lah, regret also no use

 

[Ohw123]

3) Failing to recognize actual demand and supply dynamics, loosely using the word "oversupply"


Correction: Again, not doing enough homework to understand that D21 new launches are all mid-sized developments so overall new supply is comparable with other fast-developing areas:

To provide info for TOP units between 2 year period:

Beauty World (TOP 2022-24):
Forett(633) + Daintree(327) + V@K(186) + Verdale (258) + Linq(120) = 1,524 units
*Excludes Mayfair as these are served by KAP MRT not Beauty World

Woodleigh (TOP 2022, all in 1 year):
Park Colonial(734) + Woodleigh Residences(667) + Tre Ver(729) = 2,130 units

Queenstown (TOP 2020-22):
Stirling Residences(1,259) + Queens Peak(700) + Margaret Ville(309) = 2,268 units

Eunos (TOP 2022):
Parc Esta(1,399) + Boutique developments like Tedge(42), Olloi(34) etc. = ~1,500 units

Conclusion: No oversupply, in fact D21 demand has been exceptionally strong to absorb the supply. Also, he fails to recognize that not everyone loves to stay in mega developments like Parc Esta, Stirling etc. where u have to compete with the crowd every day for facilities and jump into a pool full of kids. Will instead argue that the wide selection of new launches with low density in D21 is better than all these mega-devlp.

I disagree with point 3. Clearly, you didn’t bother to take a look at the demand for the area and only focused on the supply. Queenstown, Paya Lebar vicinity, Woodleigh area... although having more new launch units than Beauty World, has much higher demand. That’s one main reason why new launches there are selling so much faster than those in Beauty World. Also you should add in Mayfair Gardens and Modern, and Hillview condos as they would be alternative option for resale buyers in the future, adding on to the competition. Not to mention there’s like 15+ more empty plots of land in Hillview, and many more in Beauty World (beside Verdale alone there’s already another 4 plots of empty land as pointed out by uncle newbie). There would also be the upcoming integrated development which would add so much more units into beauty world.

 

[1993newbie]

OUCH!! Me and you only 14 years apart...

My youngest sis is your age Lel....

(pointed out by uncle newbie).

 

[NiShiZhu]

I disagree with point 3. Clearly, you didn’t bother to take a look at the demand for the area and only focused on the supply. Queenstown, Paya Lebar vicinity, Woodleigh area... although having more new launch units than Beauty World, has much higher demand. That’s one main reason why new launches there are selling so much faster than those in Beauty World. Also you should add in Mayfair Gardens and Modern, and Hillview condos as they would be alternative option for resale buyers in the future, adding on to the competition. Not to mention there’s like 15+ more empty plots of land in Hillview, and many more in Beauty World (beside Verdale alone there’s already another 4 plots of empty land as pointed out by uncle newbie). There would also be the upcoming integrated development which would add so much more units into beauty world.

Hehe are u really 13yo? I think u can debate more convincingly than him.
He conveniently disregard signature park, creek, the Mayfair’s, etc and says no oversupply. What a joke

Verdale first day sales already show clear signs there no true demand in D21 and he still live in denial

 

[xirodspace]

Haha, quote so many post for what? Can tell u very insecure
Hehe, who’s facts is wrong when jokers like u say D21 land is mostly Govt GLS when u don’t even know most site are enbloc sales. And since when population is growing?

If D21 no oversupply then verdale should sell very well on first day. No?
Did verdale first day lousy sales give u a big shock?
Still in your dreams hoping daintree to have cap gain in short term when surrounding projec not selling well plus many new upcoming launches coming? Lmao

Buy already just move on lah, regret also no use

LOL please la, look at which comment I’m replying previously. I was replying to your comment on oversupply in the EAST side. Of course I’m aware that D21 are en-blocs duh.

Lmao you really don’t understand buyers mindset. If I am looking for a LH in D21 why would I buy Verdale when I can buy Daintree (better finishings, better location, cheaper). Of course Verdale won’t be selling well?? Look at the sales of Daintree at 82% (Verdale launch has further driven up Daintree sales when buyers compare)

 

[Ohw123]

OUCH!! Me and you only 14 years apart...

My youngest sis is your age Lel....

 

[xirodspace]

I disagree with point 3. Clearly, you didn’t bother to take a look at the demand for the area and only focused on the supply. Queenstown, Paya Lebar vicinity, Woodleigh area... although having more new launch units than Beauty World, has much higher demand. That’s one main reason why new launches there are selling so much faster than those in Beauty World. Also you should add in Mayfair Gardens and Modern, and Hillview condos as they would be alternative option for resale buyers in the future, adding on to the competition. Not to mention there’s like 15+ more empty plots of land in Hillview, and many more in Beauty World (beside Verdale alone there’s already another 4 plots of empty land as pointed out by uncle newbie). There would also be the upcoming integrated development which would add so much more units into beauty world.

Dude u may as well add bukit panjang and Bukit Batok in also if u want to add hillview and KAP? I’m talking about NEW launches served by a single primary MRT (Beauty world) not an entire West-side district. Also, I haven’t considered the other land plots as these are so far down the road. I’m limiting to TOP within 2yr range. If u want, there are also landplots in the other said locations...

 

[NiShiZhu]

LOL please la, look at which comment I’m replying previously. I was replying to your comment on oversupply in the EAST side. Of course I’m aware that D21 are en-blocs duh.

Lmao you really don’t understand buyers mindset. If I am looking for a LH in D21 why would I buy Verdale when I can buy Daintree (better finishings, better location, cheaper). Of course Verdale won’t be selling well?? Look at the sales of Daintree at 82% (Verdale launch has further driven up Daintree sales when buyers compare)

For a more accurate fact, Daintree all along did not sell well only after **.
Daintree has a total of only 327units and PE has a total of 1399units.
If I’m going to compare absolute number of units sold, even if DT is 82% sold, it’s only 26x units sold till date after 2 years in the market. It’s counterpart like PE/Stirling/park colonial has already sold more than 5 times more units than daintree and nearing 90-100% sold. U are deceiving yourself by telling everyone here daintree got more demand? Lmao and Try harder.

 

[xirodspace]

For a more accurate fact, Daintree all along did not sell well only after **.
Daintree has a total of only 327units and PE has a total of 1399units.
If I’m going to compare absolute number of units sold, even if DT is 82% sold, it’s only 26x units sold till date after 2 years in the market. It’s counterpart like PE/Stirling/park colonial has already sold more than 5 times more units than daintree and nearing 90-100% sold. U are deceiving yourself by telling everyone here daintree got demand? Lmao and Try harder.

I don’t understand your point on comparing actual units. You’re saying u need Daintree to sell 1000+ units even though the development is 327 units???

Why were the sales slower before **? Let me educate you:
1) People were aware of other new launches/land in the vicinity upcoming and wanted to wait to compare the finishings / price. That’s why after ** when Forett and Verdale launched, Daintree sales shot up because people viewed it as the best choice for leasehold in this area
2) beauty world transformation was not fully disclosed yet. Post-confirmation of the integrated development / transport hub tendering, and announcements on green/rail corridor, people started to see how the area was going be enhanced with increased liveability. That’s why they chose to buy after that

 

[NiShiZhu]

I don’t understand your point on comparing actual units. You’re saying u need Daintree to sell 1000+ units even though the development is 327 units???

Why were the sales slower before **? Let me educate you:
1) People were aware of other new launches/land in the vicinity upcoming and wanted to wait to compare the finishings / price. That’s why after ** when Forett and Verdale launched, Daintree sales shot up because people viewed it as the best choice for leasehold in this area
2) beauty world transformation was not fully disclosed yet. Post-confirmation of the integrated development / transport hub tendering, and announcements on green/rail corridor, people started to see how the area was going be enhanced with increased liveability. That’s why they chose to buy after that

Why not let me educate u the actual fact why daintree is not selling well in the first place and why it’s sale slowly pick up later.
1) at 16xxpsf-17xxpsf, buyers all know that it’s better off to buy PC/Stirling/PE. Thus DT became a spare tyre.
2) when the good ones are near 100% sold, buyers are left with limited choices in choosing those hot projects (plus price increase seen in Stirling/PE/PC) and that’s why some turn to the “spare tyre” like Daintree who has not been selling well all along. With ** and 2 months of no sales for all condos, Giving u a false impression DT has real demand. In actual fact, if it’s so good, it would be like PPR 100% sold out long ago. Why is it still struggling at 26xunits sold?

 

[xirodspace]

Why not let me educate u the actual fact why daintree is not selling well in the first place and why it’s sale slowly pick up later.
1) at 16xxpsf-17xxpsf, buyers all know that it’s better off to buy PC/Stirling/PE. Thus DT became a spare tyre.
2) when the good ones are near 100% sold, buyers are left with limited choices in choosing those hot projects and that’s why some turn to the “spare tyre” like Daintree who has not been selling well all along. With ** and 2 months of no sales for all condos, Giving u a false impression DT has real demand. In actual fact, if it’s so good, it would be like PPR 100% sold out long ago. Why is it still struggling at 26xunits sold?

This argument has zero logic.
You are comparing different buyer dynamics.
Someone looking out for a property in D21 or more generally central-west area near to the main stretch of top schools in Singapore won’t be equally considering options in the east.
Also, buyers looking out for mega-developments where they love to squeeze with others to compete for facilities / Swimming pool are probably a different group from buyers looking for well-sized Low density developments where they can reside comfortably.
So these are not equal alternatives I’m sorry to say...

 

[Iandao]

chill man.. gentlemen..no prizes for getting your facts 'right'.

 

[NiShiZhu]

This argument has zero logic.
You are comparing different buyer dynamics.
Someone looking out for a property in D21 or more generally central-west area near to the main stretch of top schools in Singapore won’t be equally considering options in the east.
Also, buyers looking out for mega-developments where they love to squeeze with others to compete for facilities / Swimming pool are probably a different group from buyers looking for well-sized Low density developments where they can reside comfortably.
So these are not equal alternatives I’m sorry to say...

Haha, zero logic? If really so, u won’t be arguing until cows come home.
Facts has again proven not many pple buys in your DT story. Even I compare non mega projects like PPR (428 units), similar size project like DT, it already exposed all DT weakness in demand. I don’t even need to just use mega projects to prove my point in terms of absolute numbers.

Since u already bought, why still need to defend so aggressively?
U should have confident you can sell it with decent capital gain when TOP instead of wasting your time here convincing the unconvinced

 

[xirodspace]

Haha, zero logic? If really so, u won’t be arguing until cows come home.
Facts has again proven not many buys in your DT story. Even I compare non mega projects like PPR (428 units), similar size project like DT, it already exposed all DT weakness in demand.

Since u already bought, why still need to defend so aggressively?
U should have confident you sell it with capital gain when TOP instead of wasting your time here convincing the unconvinced

Correct, zero logic.

I see you’ve accepted my stance that buyers comparing PE/Stirling/colonial are a different group from DT and raised a new example PPR. Thank you for acknowledging this.

I spend time here to educate you so that you will realise all your mistakes. Another lesson for you. Each development has its fair share of 1BR, 2BR, 3BR, 4BR, 5BR units. So when comparing sales, one should definitely recognise that diff unit types sell at diff rates. Which is why we should be comparing % sold not actual units sold because every development has a different size. I acknowledge that DT @82% isn’t as strong as your favourite blockbuster examples like PE/Stirling/Colonial (even though diff buyer groups are looking at these, but if u really want to compare), it’s like comparing a kid scoring 82 with a kid scoring 90+. Both are graded A standard but u are the crazy mother that keeps berating the kid who scored 82 marks and reminding him how he has not performed well in the past despite him showing tremendous improvement?

 

[NiShiZhu]

Correct, zero logic.

I see you’ve accepted my stance that buyers comparing PE/Stirling/colonial are a different group from DT and raised a new example PPR. Thank you for acknowledging this.

I spend time here to educate you so that you will realise all your mistakes. Another lesson for you. Each development has its fair share of 1BR, 2BR, 3BR, 4BR, 5BR units. So when comparing sales, one should definitely recognise that diff unit types sell at diff rates. Which is why we should be comparing % sold not actual units sold because every development has a different size. I acknowledge that DT @82% isn’t as strong as your favourite blockbuster examples like PE/Stirling/Colonial (even though diff buyer groups are looking at these, but if u really want to compare), it’s like comparing a kid scoring 82 with a kid scoring 90+. Both are graded A standard but u are the crazy mother that keeps berating the kid who scored 82 marks and reminding him how he has not performed well in the past despite him showing tremendous improvement?

Hmm let me guess, u first time buyer?
Can see u r trying very hard to give acknowledgement to a kid who scored 82% but Only answer 5 questions but disregard another kid who scored 100% but attempting 20 questions.
Good job in your warp logic and comparison and do keep it coming. Haha.