Lakepoint En Bloc

[page||]

###

Need to add...time to mrt, very subjective... should indicate distance to mrt because some people can fly and glide when commuting to Mrts, just like throwing stones from condo to mrts, suddenly we see Olympic level of prowess


PC and Calvon, about 1 km
NP, about 1.5 km
LP, about 0.3 km

Recent new launches nearer to JLD, TV and WG (D5) from 12xx psf...

(About 1 km from upcoming reservoir mrt station.
Rumoured crl station about 500m)

###

I don’t believe the distance. Go by # of steps to mrt … to mall … I base on that …

sometimes 600m but when walk twist here n there , around the garden.. become 1km.

 

[ThinkCarefully]

I don’t believe the distance. Go by # of steps to mrt … to mall … I base on that …

sometimes 600m but when walk twist here n there , around the garden.. become 1km.

###

possible as well
Best is try for yourself.

Who knows some are Olympic masters in the making when it comes to throwing stones or covering distances..

Anyway, the one buying with his money.. it is the persons call...if don’t even do such legwork... I never trust those description provided by sellers.

your 5 mins can be my 15 mins, like one presenter said, my legs are longer and faster than yours...

###

 

[CaptainSGP]

###

Need to add...time to mrt, very subjective... should indicate distance to mrt because some people can fly and glide when commuting to Mrts, just like throwing stones from condo to mrts, suddenly we see Olympic level of prowess


PC and Calvon, about 1 km
NP, about 1.5 km
LP, about 0.3 km

Recent new launches nearer to JLD, TV and WG (D5) from 12xx psf...

(About 1 km from upcoming reservoir mrt station.
Rumoured crl station about 500m)

###

Personally, I prefer time because distance does not include time taken to cross a traffic junction or time taken to cross overhead bridge. But It's better to have both. Anywhere above 500m is not considered near, and most likely will take a bus to MRT.

TV & WG launched in 2018 at average 1399 psf & 1388psf respectively. That was >3 years ago, and is no longer representative of today's market. The MRT station is only 'rumoured', even if it goes through it is likely only to be completed in 2040s, too far away.

WG most recent transaction for 2b already hit 17xx. So this is another point that favors this en bloc going through. As it was already fully sold, I did not include it earlier.

 

[ThinkCarefully]

Personally, I prefer time because distance does not include time taken to cross a traffic junction or time taken to cross overhead bridge. But It's better to have both. Anywhere above 500m is not considered near, and most likely will take a bus to MRT.

TV & WG launched in 2018 at average 1399 psf & 1388psf respectively. That was >3 years ago, and is no longer representative of today's market. The MRT station is only 'rumoured', even if it goes through it is likely only to be completed in 2040s, too far away.

WG most recent transaction for 2b already hit 17xx. So this is another point that favors this en bloc going through. As it was already fully sold, I did not include it earlier.

###

wow.. good news, from 12xx, now 17xx!!
Huat to everyone...
prices seem to be hitting new highs

The thing is recent gls and en bloc. While prices seem high... they are not excessively high (like slim barracks and Thiam siew, JAB etc are in the reasonable range, IMO) and developers are smart enough to spurn those overpriced land...

Like in my last post, buyers should try out distances themselves...indeed those 1 km and above are seldom considered near..



###

 

[bujingyun82]

Tender closes today at 2pm.

 

[Oftheseas]

Tender closes today at 2pm.

I hope they are successful. The reserve price shows that the owners are realistic in their asking. And, hope to see a new development in that area.

 

[bujingyun82]

Waiting for good news (hopefully) too.

 

[CaptainSGP]

6pm & no news yet..

 

[NiShiZhu]

If this one still not successful, it would signal a rather bleak enbloc outlook Liao

 

[Passerboy]

6pm & no news yet..

Usually one day later, unless there are existing owners from Lake Point to provide real time info like Chuan Park.

 

[jywy2005]

Heard from friend that there were a few offers but all below RP. Entering into private treaty phase.

 

[bujingyun82]

Developers also low balling lol.

 

[NiShiZhu]

So next year buyers can Low ball Lentor and amk 9696 or not?

 

[Passerboy]

Think the fair value for this Lakepoint site is closer to $8xxpsf/ppr, expected selling price $15xxpsf.

 

[ThinkCarefully]

###

2022 will be the king of wait and see
(You can quote me)

Sellers try to play high balls
Buyers Low balls
In the end, many catch no balls...

###

 

[bujingyun82]

https://www.edgeprop.sg/property-ne...FSP1v12oRsYnP3OjAe4Ol2MeLqRleI3VNBhCYWJ-Nc3C0

 

[CaptainSGP]

Think the fair value for this Lakepoint site is closer to $8xxpsf/ppr, expected selling price $15xxpsf.

If Lakepoint 15xx then Lentor 14xx psf ?

 

[CaptainSGP]

https://www.edgeprop.sg/property-ne...FSP1v12oRsYnP3OjAe4Ol2MeLqRleI3VNBhCYWJ-Nc3C0

“We remain cautiously optimistic about the collective sale tender given the attractive site location and the limited new private housing supply in the immediate areas.”

If Low supply area, near major employment hub land sale can’t hit a reasonable 9xx psf. High supply area Dairy Farm & Lentor are in trouble.

Guocoland & UOL can start to plan how much fair value loss provision to set aside for their Lentor & AMK land

 

[Passerboy]

If Lakepoint 15xx then Lentor 14xx psf ?

I would say Lakepoint $15xxpsf Lentor $17xxpsf.. Lentor is more central, but $20xxpsf it’s a far stretch.

 

[NiShiZhu]

get ready your milo tin for those thinking of buying prop next year. This CM probably only cause temporary knee jerk effect. Don’t miss the chance of entering at reasonable price during this short timeframe
Thank me later