Guoco Midtown

[daheigou999]

I’ve checked, small units still transact at 3kpsf.
Simi 20+2% discount? How come I smell nothing?

It transacted as high as 3.8k psf for the high floor, bay facing 1BR...

If that was the “20% discounted price”, then they’re saying that the “original price” is 4.7k psf? This must be some real fine wine that I can’t appreciate

 

[snoopydog]

Apparently Guocoland operate against the norm, instead of increasing price, they reduce the discounts. The transacted price is already the discounted price

Looks like Guocoland wont price Midtown Modern cheaply, probably similar to Midtown Bay...wait and see in Q4.

 

[daheigou999]

Apparently Guocoland operate against the norm, instead of increasing price, they reduce the discounts. The transacted price is already the discounted price

Looks like Guocoland wont price Midtown Modern cheaply, probably similar to Midtown Bay...wait and see in Q4.

I wonder if they’d eventually sell the final units at 4.7k psf

Recession? What recession

 

[NiShiZhu]

I wonder if they’d eventually sell the final units at 4.7k psf

Recession? What recession

4.7kpsf if there’s no covid or recession.
3kpsf is because of covid/recession.

Yes, property price is crashing now

 

[daheigou999]

https://www.edgeprop.sg/property-n...ises-liveability-and-sustainability-features

lai liao lai liao

 

[snoopydog]

https://www.edgeprop.sg/property-n...ises-liveability-and-sustainability-features

lai liao lai liao

 

[Passerboy]

https://www.edgeprop.sg/property-n...ises-liveability-and-sustainability-features

lai liao lai liao

Super chio project, looks like Bugis is one to look out for in the next 5-7 years.

 

[shadow84]

https://www.edgeprop.sg/property-n...ises-liveability-and-sustainability-features

lai liao lai liao

The other issue that Cheng has been thinking about is the location of power points within the home. “Typically, because they are on the walls, you will have to drag a cable from the power point to the dining area if you’re working there and need to charge your laptop,” he says. “It’s dangerous because you might trip.” The solution? Power points integrated with the dining space which can be used for work devices and equally, for the hotpot, he adds.

This is more important than the psf that he needs to consider? lol

 

[daheigou999]

This is more important than the psf that he needs to consider? lol

Ok what, give you an “integrated power point” but charge you 200 psf more

 

[shadow84]

Ok what, give you an “integrated power point” but charge you 200 psf more

Give me $400 and i can buy and integrate power track with 8 plugs onto their dining table liao.... No need to up 200psf. lol

 

[saintgtril]

https://www.asiaone.com/lifestyle/5-reasons-why-guoco-midtown-bugis-set-be-next-hangout-spot-town

The bedroom units span from 409 sq ft to 1,324 sq ft, with a starting price of $1.38 million for a one-bedder and $2.08 million for two-bedder units, while the Tan Quee Lan Street site will see larger units to cater to families.

A bad news for investors whom are quantum sensitive - mid town modern.

 

[daheigou999]

https://www.asiaone.com/lifestyle/5-reasons-why-guoco-midtown-bugis-set-be-next-hangout-spot-town

The bedroom units span from 409 sq ft to 1,324 sq ft, with a starting price of $1.38 million for a one-bedder and $2.08 million for two-bedder units, while the Tan Quee Lan Street site will see larger units to cater to families.

A bad news for investors whom are quantum sensitive - mid town modern.

For 2BR, perhaps 750-850 sqft like Martin Modern? Would investors bite at ~$2.2m (2.6k psf)?

 

[Passerboy]

https://www.asiaone.com/lifestyle/5-reasons-why-guoco-midtown-bugis-set-be-next-hangout-spot-town

The bedroom units span from 409 sq ft to 1,324 sq ft, with a starting price of $1.38 million for a one-bedder and $2.08 million for two-bedder units, while the Tan Quee Lan Street site will see larger units to cater to families.

A bad news for investors whom are quantum sensitive - mid town modern.

That is $3300psf for the one bedroom units.. now we know why the M is a super value buy.

 

[Passerboy]

For 2BR, perhaps 750-850 sqft like Martin Modern? Would investors bite at ~$2.2m (2.6k psf)?

It’s likely closer to 3K psf.

 

[snoopydog]

Its on CNA..

https://www.channelnewsasia.com/new...-units-to-attract-families-in-second-13038898

 

[sinequa88]

sizes has already been indicated to be higher to cater to family living needs.

i believe psf will be lower than MB, but maybe higher quantum.

it will likely be priced in a way that wont cannibalise its existing projects.

MB: "lower" quantum, higher psf
MM: higher quantum due to larger sizes, relatively lower psf.

 

[Passerboy]

Its on CNA..

https://www.channelnewsasia.com/new...-units-to-attract-families-in-second-13038898

In the video, it was mentioned that in the Bugis area there are many good schools, polytechnic and universities. Which poly is near Bugis?

 

[saintgtril]

sizes has already been indicated to be higher to cater to family living needs.

i believe psf will be lower than MB, but maybe higher quantum.

it will likely be priced in a way that wont cannibalise its existing projects.

MB: "lower" quantum, higher psf
MM: higher quantum due to larger sizes, relatively lower psf.

Will Guoco Land's strategy then enable Bugis's residential projects to sell faster? e.g. Duo and The M?

 

[daheigou999]

Will Guoco Land's strategy then enable Bugis's residential projects to sell faster? e.g. Duo and The M?

Perhaps. As of now, Duo resale is moving very slowly as there’s a huge mismatch between seller’s ask (pegged to new projects) and buyers trying to lowball

 

[NiShiZhu]

Perhaps. As of now, Duo resale is moving very slowly as there’s a huge mismatch between seller’s ask (pegged to new projects) and buyers trying to lowball

What I always learn is when a few nearby projects go head on head, sure got some bled profusely while another kenna bruises