Jadescape by Qing Jian

[NiShiZhu]

Boss, powerful forces are at work with millions at stake. I'm a small timer can only suck thumb.

Maybe you can fight the market, not me haha.

Hehe bro, property is sentiment driven, no one can fight it.
Property soul’s Mao Shan Wang analogy no matter how convincing it sounds also got to LL suck thumb

Covid/recession all happening right now....penrose launching soon....
While I have been giving negative feedback abt this project, u want to make a Guess whether I alone can talk it down or not? :S13:

 

[NiShiZhu]

Thanks dude... asking this qn cuz if we noticed other further away OCR developments like SKG (Integrated factor i guess) selling at similar price points to these RCR projs, and the take up rate is slow... does it mean that these projs are more susceptible to pricing adjustments?

Besides the sales volume, I will also look at who is the developer to gauge the chances of these proj with possibility of price adjustment.
Haven’t past case studies taught us something?
Small boutique developer and some china developer are the biggest sabo kings

 

[NewHerePlz]

Besides the sales volume, I will also look at who is the developer to gauge the chances of these proj with possibility of price adjustment.
Haven’t past case studies taught us something?
Small boutique developer or china developer are the biggest sabo kings

wa bro Ni... you giving us the hard truths again ha ha ha

Sky Habitat was far east right?

 

[NiShiZhu]

wa bro Ni... you giving us the hard truths again ha ha ha

Sky Habitat was far east right?

CapitaLand.
This one big developer wrong strategy, price sky Habitat too high initially then in the end reduce price Also useless. Too late already.
Singaporean very funny, no queue no buy, got queue then buy

 

[drkcynic]

Hehe bro, property is sentiment driven, no one can fight it.
Property soul’s Mao Shan Wang analogy no matter how convincing it sounds also got to LL suck thumb

Covid/recession all happening right now....penrose launching soon....
While I have been giving negative feedback abt this project, u want to make a Guess whether I alone can talk it down or not? :S13:

Haha you not powerful enough leh. I see every other day on that thread got people ask when launch where floorplan!?

I think the chequebook burning in their pockets need to release.

 

[Passerboy]

wa bro Ni... you giving us the hard truths again ha ha ha

Sky Habitat was far east right?

Sky Habitat is Capitaland project.

 

[holasingapura]

Developers can launch at whatever price they want. Once buyers come in, it will make the price "true". So far, these projects are selling, which makes it the new market price in a way, meaning the market is not likely to come down. For sure you won't see a new launch around RCR area near mrt going below 1.5k psf anytime soon that's for sure.

IMO, these are driven by strong marketing, with exceptionally high commission going to the agents, to raise sentiment and to drive up the market artificially. I do not think it represents the true value, but you can't fight the market. You have to accept it, or stay out of the game. It's your call.

On a side note, whether those developments you mentioned are all "near mrt" i don't know. WLR definitely is, JS and Stirling still ok, but P Clementis is definitely not near imo. Don't be fooled by marketing tactics.

Don't forget the thousands of RICH enbloc millionaires who set the good start for some of the new launches. The "RICH" no choice or blur blur or FOMO got to follow and buy.

We just have to wait for time to tell. Once yields drop to below 2% and/or people start to default, I believe prices will adjust itself.

 

[Passerboy]

How about similar size projects that are located nearby MRT like Stirling, Woodleigh, P.Clematis? If all of these projs are hovering around 1.5-1.7k psf right now, is it safe to assume that this is the market trend/pricing for new launches?

Parc Clematis is definitely not near MRT, take a walk there yourself to experience and not just listen to agents or marketing tools.

 

[drkcynic]

Don't forget the thousands of RICH enbloc millionaires who set the good start for some of the new launches. The "RICH" no choice or blur blur or FOMO got to follow and buy.

We just have to wait for time to tell. Once yields drop to below 2% and/or people start to default, I believe prices will adjust itself.

Properties are like in an alternate universe, detached from reality. Everyday is new launch at new highs.

Meanwhile everyday news is about retrenchments, businesses making losses, airlines in trouble, covid 2nd wave, general doom and gloom.

I think the poor peasants should stand 1 side and let the rich people crack on with their purchases.

 

[NewHerePlz]

Properties are like in an alternate universe, detached from reality. Everyday is new launch at new highs.

Meanwhile everyday news is about retrenchments, businesses making losses, airlines in trouble, covid 2nd wave, general doom and gloom.

I think the poor peasants should stand 1 side and let the rich people crack on with their purchases.

i can't agree more. was in the market to get something new (during Jan-Feb) and then covid came along... thought it was naturally adjust prices down the next couple of months... but nothing!

very different universe indeed.

 

[NiShiZhu]

We just have to wait for time to tell. Once yields drop to below 2% and/or people start to default, I believe prices will adjust itself.

The problem is time and tides waits for no one.
Some even rented for a decade already

Pros of waiting:
1) probably for some reasons, cheap durian may drop one day. Then we can proudly boast to everyone “hey see, I told u price will crash, u should have listen to me....blah blah blah...
But when? 3 yrs later? 5 yrs? 10yrs?

Cons of waiting
1) now lowest interest rate, I think your friend lend u money also charge u higher interest rate than the bank
2) reduction of loan tenure and loan quantum as we aged.
3) Does 9 rounds of cooling measures still allows property price to crash? Does TDSR create high possibility for many to default their mortgage? and what’s the stake for so many home owners? Why Govt put in place to defer mortgage payment during critical times?

All these are the safety nets to prevent price from sky rocketing or crash overnight.
Well, u can always disagree, but I see until sick already. Thus, my current new signature below

 

[AdunHWZ]

Besides the sales volume, I will also look at who is the developer to gauge the chances of these proj with possibility of price adjustment.
Haven’t past case studies taught us something?
Small boutique developer and some china developer are the biggest sabo kings

I recall sometime back that Qingjiang and one of their OTPed condo hit the news with quality issues.

Was it Inez ? I could not find much in Google.

What happens to it now?

 

[NiShiZhu]

I recall sometime back that Qingjiang and one of their OTPed condo hit the news with quality issues.

Was it Inez ? I could not find much in Google.

What happens to it now?

A few hit headlines due to poor quality or breach of safety measures.
Some examples, La fiesta, the canopy, And the infamous kingsford series.

 

[1993newbie]

Reminds me of Woodleigh Residences.

CapitaLand.
This one big developer wrong strategy, price sky Habitat too high initially then in the end reduce price Also useless.

 

[NiShiZhu]

Reminds me of Woodleigh Residences.

Now WLR price quite close to SKG and is priced lower than park colonial but yet sales still not taking off.

 

[nydeidith]

i can't agree more. was in the market to get something new (during Jan-Feb) and then covid came along... thought it was naturally adjust prices down the next couple of months... but nothing!

very different universe indeed.

i think we are on the path to a situation where private property become more and more out of reach for most ppl...

 

[SethNg]

Now WLR price quite close to SKG and is priced lower than park colonial but yet sales still not taking off.

Sentiment's a strong factor. Prolly also because buyers who are looking at that area would have already purchased PC/Tre Ver

 

[Ohw123]

A few hit headlines due to poor quality or breach of safety measures.
Some examples, La fiesta, the canopy, And the infamous kingsford series.

La fiesta - EL Development

The Canopy - MCC Land

Kingsford series - Kingsford Huray

None of them are by Qingjian...

 

[holasingapura]

The problem is time and tides waits for no one.
Some even rented for a decade already

Pros of waiting:
1) probably for some reasons, cheap durian may drop one day. Then we can proudly boast to everyone “hey see, I told u price will crash, u should have listen to me....blah blah blah...
But when? 3 yrs later? 5 yrs? 10yrs?

Cons of waiting
1) now lowest interest rate, I think your friend lend u money also charge u higher interest rate than the bank
2) reduction of loan tenure and loan quantum as we aged.
3) Does 9 rounds of cooling measures still allows property price to crash? Does TDSR create high possibility for many to default their mortgage? and what’s the stake for so many home owners? Why Govt put in place to defer mortgage payment during critical times?

All these are the safety nets to prevent price from sky rocketing or crash overnight.
Well, u can always disagree, but I see until sick already. Thus, my current new signature below

Lol don't exaggerate, rent for a decade??

Not stopping anyone to buy if they need to, esp for self stay. Just a kind reminder to euphoric and newbie buyers not to buy just because of FOMO. Since they are paying top dollars and record psf for the new launches, they should be prepared for rental yield to be below <2%, something that the stretched rich buyers should consider if they are thinking that the rents will cover much of their mortgages.

 

[NiShiZhu]

Lol don't exaggerate, rent for a decade??

Not stopping anyone to buy if they need to, esp for self stay. Just a kind reminder to euphoric and newbie buyers not to buy just because of FOMO. Since they are paying top dollars and record psf for the new launches, they should be prepared for rental yield to be below <2%, something that the stretched rich buyers should consider if they are thinking that the rents will cover much of their mortgages.

You should know that since day 1 I joined this forum, I dont exaggerate and I always like to back up with facts.
And yes, I have a superb memory