Lakepoint En Bloc

[Passerboy]

i rem there is a female youtube agent who was promoting Ki, she bought 1 unit herself and target exit on TOP with conservative $200k profit. Nowadays its very difficult to huat regardless of location due to market runup.

I saw that clip, her analysis was quite sound, her emphasis was more from comparing neighbouring projects and its 999y tenure.

 

[sellipad2]

I saw that clip, her analysis was quite sound, her emphasis was more from comparing neighbouring projects and its 999y tenure.

it depends how one draw the radius for a neighbouring project, some feel its 5km, while rest set it at 1km. For me personally a project has to be within 1km of any new launch or transformation to get effect of price uplift, anything beyond that is a stretch.

Comparing Ki to the bt timah enclave with the 2 mayfair or LINQ/forett (5-6km) is akin to midwood or DFR promoting themselves as next beauty world (3km)

 

[sellipad2]

Yap, the agent is joy. Quite milfy, Not bad your memory
I think she got it at 16xxpsf 3 bedder compact if I recalled

you already stated the reason for my good memory lol. I cant remember the price she bought but nowadays anything near to 1.6K LH or FH is considered a good deal. With exception of sembawang i dont think one can find any new launches at this price point already

 

[LWZ]

Private treaty means another round of voting to get 80% ?

 

[ThinkCarefully]

i rem there is a female youtube agent who was promoting Ki, she bought 1 unit herself and target exit on TOP with conservative $200k profit. Nowadays its very difficult to huat regardless of location due to market runup.

Looking at entry of $1800+ PSF, i agree Ki should be safe enough to hold long term, there are many FH projects with launch price near to $2.5-3K PSF but corrected downwards, there is no guarantee a buy and hold FH strategy works over long term. Try to apply buy and hold on FH perfect 10 at 3.5k PSF...

###

Some bro shared that the best time to buy fh/999 y is during resale. Find those weak hands who bought at 18xx and willing to sell at 16xx Or 17xx as they cannot hold for long and need to pass on to 2nd owner to hold... free to hold.. haha



###

 

[ThinkCarefully]

Private treaty means another round of voting to get 80% ?

###

This is no longer a sellers market.
Unlikely owners can 如愿以偿


Not happy, blame the CMs
Happy, thank the CMs

###

 

[CaptainSGP]

###

Some bro shared that the best time to buy fh/999 y is during resale. Find those weak hands who bought at 18xx and willing to sell at 16xx Or 17xx as they cannot hold for long and need to pass on to 2nd owner to hold... free to hold.. haha

###

There is data to show that 99y leasehold outperform freehold condo in the first 5-10 years since launch.

1 possible explanation could be that the general buyer profile of a <5 year condo is tilted towards for own stay only. Such buyers are not keen for FH status. With the latest CM, buyer may be more quantum constrained and cannot afford to pay the FH premium.

There is also around 90+ years remaining on the lease such that there’s no lease decay concerns

 

[kengwee95]

Yap, the agent is joy. Quite milfy, Not bad your memory
I think she got it at 16xxpsf 3 bedder compact if I recalled

joy shi?

 

[sellipad2]

There is data to show that 99y leasehold outperform freehold condo in the first 5-10 years since launch.

1 possible explanation could be that the general buyer profile of a <5 year condo is tilted towards for own stay only. Such buyers are not keen for FH status. With the latest CM, buyer may be more quantum constrained and cannot afford to pay the FH premium.

There is also around 90+ years remaining on the lease such that there’s no lease decay concerns

one is the base effect, LH is usually 15% lower than a FH, so a $200 gain on a lower base give higher % return. Second is there are many successful LH that got enbloc at 50-60yo mark, so lease decay is unlike their HDB counterpart which in theory will drop to zero, providing an exit point. FH in my opinion tend to outperform along 20-40 year mark vs their LH counterpart, so good for those who want to stay longer term or leave a legacy to their kids

Of course there are projects like river place in robertson which have went up over last 20+ years even with lease decay.

 

[kengwee95]

Good news coming out from Lakepoint Condo and the owners are having pool party !

do u mean that there is a buyer?

 

[Oftheseas]

do u mean that there is a buyer?

Sorry post wrong project on the wrong thread.

 

[LWZ]

Sorry post wrong project on the wrong thread.

a lot of mysterious en bloc parties around SG that even the residents don't know of.

 

[Oftheseas]

a lot of mysterious en bloc parties around SG that even the residents don't know of.

Nowadays in the older large condos, even securing 80% mandate is worthy of an all-night long party !

But most owners will have to wake up from their dream ultimately.

 

[CaptainSGP]

1.141* 1077psf = 1228 psf ppr land cost

Another 21xx psf launch. Thanks to the overwhelming demand at Liv@MB. This gave Wing Tai confidence to bid at a massive 14% premium to reserve price

https://www.businesstimes.com.sg/co...partments-for-s2739m-above-reserve-price?amp=

 

[发哨子2020]

Lakeside Apt is not Lakepoint Apt .

My uncle bought a unit @ Lakeside Apt 9F many many years ago for probably around $200-300k.

 

[kwleesg]

is Lakeside Tower residents not tempted?

 

[发哨子2020]

1.141* 1077psf = 1228 psf ppr land cost

Another 21xx psf launch. Thanks to the overwhelming demand at Liv@MB. This gave Wing Tai confidence to bid at a massive 14% premium to reserve price

https://www.businesstimes.com.sg/co...partments-for-s2739m-above-reserve-price?amp=

Well it could be $2400 .

 

[Rxgn]

now hope 2nd june PINE GROVE GLS can do the same.

then we will see another above $2400psf at ocr.

 

[发哨子2020]

is Lakeside Tower residents not tempted?

Why not ?
Suddenly Jurong has many many multimillionaires soon .

 

[Bubble2030]

1.141* 1077psf = 1228 psf ppr land cost

Another 21xx psf launch. Thanks to the overwhelming demand at Liv@MB. This gave Wing Tai confidence to bid at a massive 14% premium to reserve price

https://www.businesstimes.com.sg/co...partments-for-s2739m-above-reserve-price?amp=

i generally like wingtai products but the premium is way too high, surrouding resale maybe at 1.5-1.6k psf and a new launch at $21xx psf like 30% higher..i also agree it will launch around $21xx

Looks like 2K PSF is the norm now.