New EC at Sumang Walk

[annetyu]

45k is 4.5% of 1m, not 0.045%.

I know you property agent but you are pushing these new launches too hard, you don't even make any sense now.

New launch market is only a tiny fraction of the overall housing stock, its a poor indicator of the health of the property market, I think new sale market is only hot because agents like you are pushing them to people who cannot tell the difference between 0.045% and 4.5%.

Hopefully it is an unintentional mistake. I myself really thought the 45k resale levy was immaterial and negligible because of the number he gave...

 

[civicguy]

Well said. I agreed

Most people just see the news, look at the adverts, listen to property agents, so they only know about new launches and little about "hidden gems".

Rather than call resale undervalued, the new launches are overvalued. Simply because of land bids.

 

[AlohaBeach]

Let me stick my neck out.

I expect the sales for this EC to be poor given the gloomy economic outlook.

 

[Merg91]

Don't you want this 'hidden gem' too?

Springhill is 80 years left landed & 鸟不生蛋location.
Far from MRT.
It has been 'undervalued' for years.
Even CapitalMallTrust gave up & sold off freehold Sembawang Shopping Centre. Its only sale among all its malls which are 99 years lease.

.... they only know about new launches and little about "hidden gems".

 

[Merg91]

Private home prices rose unexpectedly to a five-year high in the second quarter, driven by Singaporeans who make up the bulk of the market. But a detailed analysis of transaction data also shows a rise in foreign demand.
Read more at https://www.channelnewsasia.com/news/business/property-market-singapore-foreign-buyer-dyson-11715158

Let me stick my neck out.

I expect the sales for this EC to be poor given the gloomy economic outlook.

 

[NiShiZhu]

Lol, you keep cutting out sections of my post to suit yourself. Appropriate family size, a 3 bedder for a family of 4 is appropriate, siblings don't have to share rooms and parents have their own space. But you may define it differently, to each his own.


I didn't say undervalued, as long as it's of value, then why not? Look at Springhill in Sembawang, avg prolly about $500 psf, 2500sqft, near shopping centre and various eateries around you, ok mah, value lor


Anyway, maybe we define differently, I looking for own stay, not renting out, so again, to each his own

Don’t say brother never introduce u good Lobang, u want cheap and big ones I got plenty to recommend. There’s another cluster house cheaper and bigger than springhill cluster house, it’s called the Shaughnessy. 3300sqft for just 1.368 mil, 417psf nia, 5 Storey high per unit, cheaper than most HDB in psf some more. Right next to orchid country club with breath taking and peaceful golf course greenery view.
Can Dine, go bowling, play golf and do any sports at orchid country club at your doorstep.
But how come only one transaction for this year since the space is so big and price so cheap? Think again. Sometimes it’s not about the size and the price. PM me if anyone wants to know why.

Does Springhill still has any further upside after comparing to this? It’s up to the readers to decide for yourself.

 

[annetyu]

Don’t say brother never introduce u good Lobang, u want cheap and big ones I got plenty to recommend. There’s another cluster house cheaper than springhill cluster house, it’s called the Shaughnessy. 3300sqft for just 1.368 mil, 417psf nia, 5 Storey high per unit, cheaper than most HDB in psf some more. Right next to orchid country club with breath taking and peaceful golf course greenery view.
Can Dine, go bowling, play golf and do any sports at orchid country club at your doorstep.
But how come only one transaction for this year since the space is so big and price so cheap? Think again. Sometimes it’s not about the size and the price. PM me if anyone wants to know why.

Does Springhill still has any further upside after comparing to this? It’s up to the readers to decide for yourself.

Is it because maintenance fee is $1,000 a month?

 

[NiShiZhu]

Is it because maintenance fee is $1,000 a month?

Nope, maintenance 350 to 400 per month only.
Comes with 2 private parking lots per unit some more.
Maybe this one suitable for broad walk with tight budget

 

[annetyu]

Don't you want this 'hidden gem' too?

Springhill is 80 years left landed & 鸟不生蛋location.
Far from MRT.
It has been 'undervalued' for years.
Even CapitalMallTrust gave up & sold off freehold Sembawang Shopping Centre. Its only sale among all its malls which are 99 years lease.

That area not under my radar. You can take it.

 

[sgpropertyblog]

First day of launch at 6pm friday..


Opps .. failed my maths.. how i get 0.045%? My apology..

 

[Eraval]

Don’t say brother never introduce u good Lobang, u want cheap and big ones I got plenty to recommend. There’s another cluster house cheaper and bigger than springhill cluster house, it’s called the Shaughnessy. 3300sqft for just 1.368 mil, 417psf nia, 5 Storey high per unit, cheaper than most HDB in psf some more. Right next to orchid country club with breath taking and peaceful golf course greenery view.
Can Dine, go bowling, play golf and do any sports at orchid country club at your doorstep.
But how come only one transaction for this year since the space is so big and price so cheap? Think again. Sometimes it’s not about the size and the price. PM me if anyone wants to know why.

Does Springhill still has any further upside after comparing to this? It’s up to the readers to decide for yourself.

I visited inside, I hate it LOL!

I can't say exactly why but I got a vibe when I'm there that tells me no way I really want to stay here.

I'll say this, the rooms on lvl 2, 3 are really big, can put 2 King Size and still build a fort in between no problem but I cannot pinpoint exactly why I got a bad feeling about it

 

[captain huat]

Don’t say brother never introduce u good Lobang, u want cheap and big ones I got plenty to recommend. There’s another cluster house cheaper and bigger than springhill cluster house, it’s called the Shaughnessy. 3300sqft for just 1.368 mil, 417psf nia, 5 Storey high per unit, cheaper than most HDB in psf some more. Right next to orchid country club with breath taking and peaceful golf course greenery view.
Can Dine, go bowling, play golf and do any sports at orchid country club at your doorstep.
But how come only one transaction for this year since the space is so big and price so cheap? Think again. Sometimes it’s not about the size and the price. PM me if anyone wants to know why.

Does Springhill still has any further upside after comparing to this? It’s up to the readers to decide for yourself.

Why huh. I really curious to know

 

[stiffzzzz]

I visited inside, I hate it LOL!

I can't say exactly why but I got a vibe when I'm there that tells me no way I really want to stay here.

I'll say this, the rooms on lvl 2, 3 are really big, can put 2 King Size and still build a fort in between no problem but I cannot pinpoint exactly why I got a bad feeling about it

Could it be the layout / floor plan of the unit?

 

[Scylla]

I buying!!!!

 

[birmingham123]

Nope, maintenance 350 to 400 per month only.
Comes with 2 private parking lots per unit some more.
Maybe this one suitable for broad walk with tight budget

Any idea Springhill maintenance fees?

 

[NiShiZhu]

I visited inside, I hate it LOL!

I can't say exactly why but I got a vibe when I'm there that tells me no way I really want to stay here.

I'll say this, the rooms on lvl 2, 3 are really big, can put 2 King Size and still build a fort in between no problem but I cannot pinpoint exactly why I got a bad feeling about it

So may I ask why u like spring hill instead of Shaughnessy when both of their layout are rather similar? In fact, Shaughnessy’s layout is much spacious than spring hill.
I visited both Shaughnessy and spring hill, spring hill is even worse in terms of facing. Some units are facing big trees right in front of their unit.
Shaughnessy on the other hand has a number of units facing the Golf course view and quite a number are pool facing.
What is Sembawang shopping mall by the way? It’s just another small ulu mall.
I rather stay next to a country club, more peaceful and atas feel.

Anyway that’s besides the point.
My point is, how come such a good bargain and no one is buying?
With 1.36 mil, you probably can’t even get a 4 bedder sumang EC that comes with decent bedroom size.

How come terrasse only 10xxpsf near to upcoming mrt but yet, not a lot are buying? Are we sure these are the hidden gems?
Sometimes, I wish buying property is that simple and so straight forward to understand but in many cases, it is not so. While many are preaching to buy cheap big size resale, if u buy the wrong resale, your profit gain will remain flattish or could even end up making huge loses and could take you a very Long time to repent. Same for buying new launches.

Just offering my balance view between buying resale and new launches.

 

[Zetrio2006]

Any idea Springhill maintenance fees?

$500 per month for each strata house.

 

[Passerboy]

So may I ask why u like spring hill instead of Shaughnessy when both of their layout are rather similar? In fact, Shaughnessy’s layout is much spacious than spring hill.
I visited both Shaughnessy and spring hill, spring hill is even worse in terms of facing. Some units are facing big trees right in front of their unit.
Shaughnessy on the other hand has a number of units facing the Golf course view and quite a number are pool facing.
What is Sembawang shopping mall by the way? It’s just another small ulu mall.
I rather stay next to a country club, more peaceful and atas feel.

Anyway that’s besides the point.
My point is, how come such a good bargain and no one is buying?
With 1.36 mil, you probably can’t even get a 4 bedder sumang EC that comes with decent bedroom size.

How come terrasse only 10xxpsf near to upcoming mrt but yet, not a lot are buying? Are we sure these are the hidden gems?
I hope buying property is that simple and so straight forward to understand but in many cases, it is not so. While many are preaching to buy cheap big size resale, if u buy the wrong resale, your profit gain will remain flattish or could even make huge loses and could take you a very Long time to repent. Same for buying new launches.

Just offering my balance view between buying resale and new launches.

This is indeed true. There is a reason why some projects sell better than others.

When the cross island line is ready, it will surely benefit condos like terrassee but that is in 10 years time (a pretty long horizon). In comparison, Punggol MRT is already in operation for the Sumang EC, thus bringing about greater convenience and accessibility.

 

[Merg91]

There are very few 'hidden gems'.
There are reasons why those are so cheapo.

Many eye cheap in auctions but rarely get them.
Nowadays the hidden gems are those cheap old condo & later have successful EN BLOC.

 

[annetyu]

How come terrasse only 10xxpsf near to upcoming mrt but yet, not a lot are buying? Are we sure these are the hidden gems?
Sometimes, I wish buying property is that simple and so straight forward to understand but in many cases, it is not so. While many are preaching to buy cheap big size resale, if u buy the wrong resale, your profit gain will remain flattish or could even end up making huge loses and could take you a very Long time to repent. Same for buying new launches.

Just offering my balance view between buying resale and new launches.

Definitely not all resales are good. If you say Terrasse is not good then Affinity and garden should not be good either. THey are all in the same area with Terrasse arguably in the better location. If you dislike Terrasse then there is still luxurie and la fiesta and quartz and many more! All that I am recommending are beside or near mrt. If I am looking to buy, I will definitely not be so kind to share here.

Imo why resales are dead is because the new launch hype is too strong. As I said before, mass market / ec buyers are far from the most savvy ones. That is why there will always losers and winners.