Forett

[sgpropertyblog]

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?

Yes, trully agree that market is so uncertain.. with the covid issue and wat nots.. thats why the pricing now is at the low curve.. imagine if 2 yrs later when market picks up, do you think developer will still sell low? This is just my opinion or rather, my ‘sales-talk’ as wat someone loves to quote.. buy within your means.. like what i always mentioned, your safety net is very important! Once u got tat covered, covid no covid u wont be stressed up...

 

[sgpropertyblog]

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.

Lolss.. ya man, can never predict one.. rabbit vs tortoise doesnt mean rabbit will win...

 

[momoksan]

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.

Maybe Forett was used to boost the sales of Daintree...

If Forett will be priced @ 1.8 to 1.9K psf, maybe will make the buyers feel that Daintree is a better buy especially the TOP is few years ahead?

 

[Ohw123]

Maybe Forett was used to boost the sales of Daintree...

If Forett will be priced @ 1.8 to 1.9K psf, maybe will make the buyers feel that Daintree is a better buy especially the TOP is few years ahead?

But Daintree is 99yr leasehold while Forett is freehold. So naturally, Forett should have a price premium of 30%. However, if Forett launch at 1900psf, it would only have a 12% premium over Daintree. So I actually feel that Forett is a better buy compared to Daintree... so Forett can’t be a marketing tool to push sales at Daintree...

 

[SunnyCo]

But Daintree is 99yr leasehold while Forett is freehold. So naturally, Forett should have a price premium of 30%. However, if Forett launch at 1900psf, it would only have a 12% premium over Daintree. So I actually feel that Forett is a better buy compared to Daintree... so Forett can’t be a marketing tool to push sales at Daintree...

I am bewildered by the buyers behavior and mindset. I can't fathom why would buyers buy into Daintree with that psf, not withstanding uncertainties with tighter monetary measures. I'm baffled that appetite is not tailed by all the negative sentiment and news globally. Perhaps there are really many affluent singaporean, PR and foreigners standing by the sidelines.

 

[Passerboy]

I am bewildered by the buyers behavior and mindset. I can't fathom why would buyers buy into Daintree with that psf, not withstanding uncertainties with tighter monetary measures. I'm baffled that appetite is not tailed by all the negative sentiment and news globally. Perhaps there are really many affluent singaporean, PR and foreigners standing by the sidelines.

Ppl buy into Daintree for that Bukit Timah status I guess.

 

[NiShiZhu]

Ppl buy into Daintree for that Bukit Timah status I guess.

Plus the fact that 2018 newly launched projects are mostly 80-95% sold. Not much choice units left. So some buyers will turn into looking at those projects that still offers many available units.
Thus, Daintree, Kent ridge hill, Parc clematis, Florence, treasure, Jadescape are still seeing an increase in take up rate recently.
Also, penrose launch is still no where in sight.

 

[Passerboy]

Plus the fact that 2018 newly launched projects are mostly 80-95% sold. Not much choice units left. So some buyers will turn into looking at those projects that still offers many available units.
Thus, Daintree, Kent ridge hill, Parc clematis, Florence, treasure, Jadescape are still seeing an increase in take up rate recently.
Also, penrose launch is still no where in sight.

Yes.. went by Penrose site recently, no signs its going to launch soon despite initial speculations for an August launch.

 

[sinequa88]

off topic but from what i've heard from agents penrose might even be starting sales in september with preview late august so that sales dont coincide with hungry ghost festival.

"they" also looking for good bargain.. low psf.. good location. wahahaha

 

[SunnyCo]

off topic but from what i've heard from agents penrose might even be starting sales in september with preview late august so that sales dont coincide with hungry ghost festival.

"they" also looking for good bargain.. low psf.. good location. wahahaha

The hungry ghost window is between 19 Aug to 17 Sept 2020. Will this period affect the sales across all board? Btw, may I know when is the launch date for Forett?

 

[Passerboy]

The hungry ghost window is between 19 Aug to 17 Sept 2020. Will this period affect the sales across all board? Btw, may I know when is the launch date for Forett?

Typically developers avoid Hungry Ghost Festival though, haven’t seen projects launch during Hungry Ghost Festival last year.

 

[sinequa88]

Typically developers avoid Hungry Ghost Festival though, haven’t seen projects launch during Hungry Ghost Festival last year.

got covid they also scared la.. wont come out

 

[xirodspace]

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.

I was actually doing some homework during the ** period and found that Daintree actually has quite a few plus points. Location-wise, nearer to beauty world than Forett (100–200m makes a diff when walking I tried). Also, overall landscaping doesn’t look as cramped as Forett. Even for 2BR, they are providing natural marble vs compressed marble (e.g. in Mayfair). Appliances-wise is de-Dietrich vs Forett using SMEG. Layout-wise also makes more sense than Forett (which wastes space for household shelter + has a kitchen beside Master BR -.-). Coupled with nearer TOP, lower quantum (but 99y) and existing discounts, think these are all reasons that contributed to post-Covid interest in Daintree. What do u think?

 

[NiShiZhu]

I was actually doing some homework during the ** period and found that Daintree actually has quite a few plus points. Location-wise, nearer to beauty world than Forett (100–200m makes a diff when walking I tried). Also, overall landscaping doesn’t look as cramped as Forett. Even for 2BR, they are providing natural marble vs compressed marble (e.g. in Mayfair). Appliances-wise is de-Dietrich vs Forett using SMEG. Layout-wise also makes more sense than Forett (which wastes space for household shelter + has a kitchen beside Master BR -.-). Coupled with nearer TOP, lower quantum (but 99y) and existing discounts, think these are all reasons that contributed to post-Covid interest in Daintree. What do u think?

Obviously Can see u had done quite a fair bit of research.
The only concern some of pple here has is the oversupply situation in D21.
Self stay of coz no prob because it’s more of personal liking, but investment wise probably may not be a good idea.

Cheers

 

[xirodspace]

Obviously Can see u had done quite a fair bit of research.
The only concern some of pple here has is the oversupply situation in D21.
Self stay of coz no prob because it’s more of personal liking, but investment wise probably may not be a good idea.

Cheers

Yeah agree with u. Own stay ok but investment-wise, Rental yield not super attractive when looking at neighbouring projects. But could also be becos of all the construction for new projects going on (think may be better few yrs down when Daintree/kismis fully constructed?) but post-that will commence the transport hub construction...think maybe capital appreciation for these D21 projects will only come 5-10yrs down the road?

 

[NiShiZhu]

Yeah agree with u. Own stay ok but investment-wise, Rental yield not super attractive when looking at neighbouring projects. But could also be becos of all the construction for new projects going on (think may be better few yrs down when Daintree/kismis fully constructed?) but post-that will commence the transport hub construction...think maybe capital appreciation for these D21 projects will only come 5-10yrs down the road?

Personally felt too many projects around D21, kismis,, daintree, the two mayfairs, creek, ki, linq, and the new Jalan anak site, signature park......

If daintree alone can take quite Long to sell, I doubt other new condos in D21 can find so many buyers in short time frame to really see cap appreciation in 5 years.

 

[Simplicity.]

Saw an agent posting about Daintree sales online, 35 sold in June, 38 sold in July.

That's like more than 22% sold in the last 1.5 months. Might really need to thank the upcoming new launches pricing for that

 

[Forever84]

Personally felt too many projects around D21, kismis,, daintree, the two mayfairs, creek, ki, linq, and the new Jalan anak site, signature park......

If daintree alone can take quite Long to sell, I doubt other new condos in D21 can find so many buyers in short time frame to really see cap appreciation in 5 years.

Just look at KAP residences, many buy laio cannot resell, stuck and some sold for loss

 

[The_Davis]

Saw an agent posting about Daintree sales online, 35 sold in June, 38 sold in July.

That's like more than 22% sold in the last 1.5 months. Might really need to thank the upcoming new launches pricing for that

I saw the same post

 

[sgpropertyblog]

The hungry ghost window is between 19 Aug to 17 Sept 2020. Will this period affect the sales across all board? Btw, may I know when is the launch date for Forett?

Targetting 8th August open for sales..