Forett

[momoksan]

Attended an ERA consumer seminar for Forett recently. They gave some more hints on pricing.

Expected price starting from
1br + study - $88Xk
2br - $1.08mil

Maintenance fee likely $52 per share
1br + study - $260
2br - $312

Preview starts on 18th July but must register with an agent with a blank cheque.

Can extend OTP??

 

[lucario1806]

Can extend OTP??

Not sure leh. Next time I ask. @Zetrio2006 seems to have some insider knowledge and resources on things haha. Maybe he can tell us

 

[Zetrio2006]

I am a property agent so I will have some insider knowledge.
I cannot talk much about extend OTP.

The authorities are looking to clamp down on this so it is bad for buyers. This is all.

 

[momoksan]

I am a property agent so I will have some insider knowledge.
I cannot talk much about extend OTP.

The authorities are looking to clamp down on this so it is bad for buyers. This is all.

Also bad for developers and agents I guess.

 

[Zetrio2006]

Because every transaction will be recorded and your option money is at stake(1% for resale condo, 1.25% for new launch) so every documents that you signed must be treated seriously.

 

[sgpropertyblog]

How to attend the seminar?

The marketing agency usually will conduct Consumer Seminars for the different projects.. If you would like to be invited to the next upcoming seminar, I put you in our mailing list ok ?

 

[sgpropertyblog]

Can extend OTP??

No, you cant extend the OTP, but there are other ways to go about extending your exercise period. But please bear in mind, there are risks of doing it. Depending on the reasons why you need to 'extend', there are other better options of going around it..

 

[SunnyCo]

I'm looking out around I also need to exercise due diligence if I can afford the property. I understand the economy is not faring well now, this economy stagnation will last 2-3 years based on analyst prediction. I'm wondering if there will be price correction and calibrate to a more affordable range?

 

[sgpropertyblog]

I'm looking out around I also need to exercise due diligence if I can afford the property. I understand the economy is not faring well now, this economy stagnation will last 2-3 years based on analyst prediction. I'm wondering if there will be price correction and calibrate to a more affordable range?

of cos, property is probably the biggest ticketed item that you are buying, therefore, financial calculation, affordability as well as your safety net is very important.. so you will know what are your risks is and choose the most suitable options for yourself..

 

[momoksan]

Why Daintree sales so good in June? Because TOP soon?

 

[lucario1806]

Maybe got huge developers discounts. I remember seeing their adverts recently but can’t remember the amount of discounts

 

[SunnyCo]

I'm wonder how will be the reception for this project. What will be the sales figure like?

 

[that_twd]

I'm wonder how will be the reception for this project. What will be the sales figure like?

I think depends on the unit type. The smaller ones which results in smaller quantum will be easier to sell like those 1 to 2 bedders. For the 3 bedder onwards, since the starting price is from 1.7xmm that means the better units maybe in the range of 1.8mm to 2.1xmm + depending on the size. Considering the Daintree is selling okay, people may be enticed to this since it is a FH. IMO. But of course anything more than 2mm will take some time to sell of course.

 

[SunnyCo]

I think depends on the unit type. The smaller ones which results in smaller quantum will be easier to sell like those 1 to 2 bedders. For the 3 bedder onwards, since the starting price is from 1.7xmm that means the better units maybe in the range of 1.8mm to 2.1xmm + depending on the size. Considering the Daintree is selling okay, people may be enticed to this since it is a FH. IMO. But of course anything more than 2mm will take some time to sell of course.

Just for discussion, the recent retrenchment news, MAS warning, and other red flags, will there still be appetite for 1.8 mil and above for a compact 3 room?

 

[sgpropertyblog]

Just for discussion, the recent retrenchment news, MAS warning, and other red flags, will there still be appetite for 1.8 mil and above for a compact 3 room?

yes, those that in need to buy a place for own stay, they will still buy.. but of cos, the sales wont be as good as the smaller units as the quantum for the smaller units are easier to 'swallow'

 

[that_twd]

yes, those that in need to buy a place for own stay, they will still buy.. but of cos, the sales wont be as good as the smaller units as the quantum for the smaller units are easier to 'swallow'

Yes and buyers at Daintree seems to be biting at 1.7 to 1.8mm for a 3 bedder at 1055sqft. So a compact at forett which is at ard 950sqft for 1.8mm seems reasonable. Only if they price at 1.8 to 1.9mm range Hence I also do share the same opinion.

 

[NiShiZhu]

Last week I was just laughing at daintree poor sales volume in D21.
This week we saw June and July sales for daintree starts to pick up.

Hehe, looks like no one can really talk up or talk down the market.

 

[bolster]

interestingly, some of the 1BR D21 in prime area not doing well for the past 1 yr. Even the bound unit, they did not manage to sell higher.

I'm very surprise Cascadia 1Br selling at a loss.

http://www.ytreporp.com/propertyinvestment.php

 

[SunnyCo]

Yes and buyers at Daintree seems to be biting at 1.7 to 1.8mm for a 3 bedder at 1055sqft. So a compact at forett which is at ard 950sqft for 1.8mm seems reasonable. Only if they price at 1.8 to 1.9mm range Hence I also do share the same opinion.

Let's assume those buyers who bite Daintree offer from 1.7 to 1.8 mil during covid circuit breaker period that was from April to May 2020, were they made an informed decision what would be the covid development, geopolitical, economy, and possibly the mass exodus retrenchments ahead? Do you reckon those buyers had committed with optimism; realizing they might have a hindsight to all the above mentioned situation?

Next with lesser population ahead, muted globalization and connectivity, as well as considering other private developments surrounding Toh Tuck, Toh Yi, Hillview area. Is the price 1.8 mil and above for a compact 3 room really a prized catch?

 

[that_twd]

Let's assume those buyers who bite Daintree offer from 1.7 to 1.8 mil during covid circuit breaker period that was from April to May 2020, were they made an informed decision what would be the covid development, geopolitical, economy, and possibly the mass exodus retrenchments ahead? Do you reckon those buyers had committed with optimism; realizing they might have a hindsight to all the above mentioned situation?

Next with lesser population ahead, muted globalization and connectivity, as well as considering other private developments surrounding Toh Tuck, Toh Yi, Hillview area. Is the price 1.8 mil and above for a compact 3 room really a prized catch?

With the assumption that our discussion is about new launches and not resale, because new launches will always be more expensive due to higher land price procured by the developers and probably i will leave Hillview out of the equation as well, since Hillview is in district 23 and Toh Tuck or the beauty world area is considered district 21 which is the upper bukit timah district, hence the difference in prices are expected, even though they are really quite close to one another.

There arent any new FH launches in the beauty world area for the past 1 year i think, hence forett will be the first and judging how the 99yrs LH properties are selling in the beauty world area, hence forett should be able to command a 10% to 20% premium over these LH properties, reason for saying 10% is given the expected weak economic environment. I also doubt the developer for forett can go alot lower, since they have their margin to look after as well.

Cant comment on the buyers who bought daintree at that price point, i assume they have the holding power and have done their own necessary financial assessments.

However if you look around those FH resale in beauty world or new FH launches in hillview, their prices will be lower and more affordable for sure, but of course with some trade-offs. Actually hillview area is quite a nice area with low density if you dont mind, can explore. Distance wise really not far from beauty world and from downtown line perspective, its only 1 stop away. Most importantly, buy at your own comfort level always.