OLA EC @ Anchorvale

[Path-Finder]

Not considering sembawang at all so din do much homework on Parc Canberra

Would Parc Canberra be a good buy? Looking at the 3ec development this year

 

[pyro009]

Would Parc Canberra be a good buy? Looking at the 3ec development this year

I checked out parc Canberra. I would say the surrounding could be better. But then again, it’s very empty around the area and development is not really up in par with D19. Its really a new town with nothing at the moment. EC wise, they manage to squeeze in 3 bed room and store and yard for a 947 unit.

 

[Passerboy]

Would Parc Canberra be a good buy? Looking at the 3ec development this year

Personally feel Parc Canberra is in the best location amongst the 3 ECs , mentioned this in the Parc Canberra thread preciously. It is the only EC within walking distance to mrt and could benefit from upcoming transformation plans in Canberra.

 

[Passerboy]

I checked out parc Canberra. I would say the surrounding could be better. But then again, it’s very empty around the area and development is not really up in par with D19. Its really a new town with nothing at the moment. EC wise, Canberra has slightly bigger room. They manage to squeeze in 3 bed room and store and yard for a 947 unit.

Agreed, but with new GLS sites sold and new HDB coming up at that area, I would think it wouldn’t take long before more amenities come up around that area.

 

[pyro009]

It usually take 10 or more year to have all the amenities in the area. When we first moved to SK, it was so bare. After 10 years, things got better and now into the 18th year, I would say it is pretty much ok. So imagine the time it takes to build up.

 

[iceraider]

Can see u try very hard to convince ppl.. dun be enticed by those facilities.. few years down e road.. owner pay high mcst to maintain it..

If everyone start to have the mentality of "pay liao must use" then u see issue of unable to book it..

To put into perspective, the next plot at Fernvale (cannot walk to any MRT) bought by FCL, will sell as the same price as Ola. Ola is in a better location and with much better facilities than neighbouring developments. It’s really more like a condo than an EC, just that they are blinded by EC rulings

 

[iceraider]

Curious hw u define canberra area being empty or nth ar e moment? Jus wana know e comparison make.

I checked out parc Canberra. I would say the surrounding could be better. But then again, it’s very empty around the area and development is not really up in par with D19. Its really a new town with nothing at the moment. EC wise, they manage to squeeze in 3 bed room and store and yard for a 947 unit.

 

[pyro009]

Curious hw u define canberra area being empty or nth ar e moment? Jus wana know e comparison make.

I just drove around the area. The nearby got empty plots of land. For me, I am not saying the place is not good, just thinking once all the buildings are up, It’ll be cramp also and meanwhile, need to drive around to get things...

 

[SethNg]

Would Parc Canberra be a good buy? Looking at the 3ec development this year

I think Parc Canberra stands out in terms of potential capital appreciation based on the following reasons:

North corridor development
Bukit Canberra(?)(if i nv rmb wrongly will have mega hawker centre/gym/polyclinic etc)
Upcoming mall beside
Residential land beside PC sold at higher price
White Site nearby

but yeah if you're looking at convenience then there prolly wont be much of it....till a few years later

 

[Path-Finder]

Similar to when i first moved to punggol. Traffic became bad when more things start to pop up. But it also means the upside potential is there

I just drove around the area. The nearby got empty plots of land. For me, I am not saying the place is not good, just thinking once all the buildings are up, It’ll be cramp also and meanwhile, need to drive around to get things...

 

[Passerboy]

I think Parc Canberra stands out in terms of potential capital appreciation based on the following reasons:

North corridor development
Bukit Canberra(?)(if i nv rmb wrongly will have mega hawker centre/gym/polyclinic etc)
Upcoming mall beside
Residential land beside PC sold at higher price
White Site nearby

but yeah if you're looking at convenience then there prolly wont be much of it....till a few years later

Yup my exact sentiments to why Parc Canberra is the best option out of the three ECs in current market. The next plot of GLS for EC is also further away from Canberra MRT than Parc Canberra.

 

[momoeagle]

To put into perspective, the next plot at Fernvale (cannot walk to any MRT) bought by FCL, will sell as the same price as Ola. Ola is in a better location and with much better facilities than neighbouring developments. It’s really more like a condo than an EC, just that they are blinded by EC rulings

It will be interesting as neighbouring Greenwich and Seletar Park Residences are going for around 1.2k psf at the moment.

 

[holasingapura]

It will be interesting as neighbouring Greenwich and Seletar Park Residences are going for around 1.2k psf at the moment.

New launch is not linked to resales, some say.

 

[ThinkCarefully]

New launch is not linked to resales, some say.

Eventually (without fail) new launch becomes resale...

 

[ThinkCarefully]

https://www.google.com.sg/amp/s/amp...rus-global-recession-2020-now-seen-guaranteed

With such headlines, would like to see what kind of OLA these buyers experience in due course.

 

[zero_hero]

I think recession is relative. Some see it as a crisis, some see it as an opportunity. I have also begin picking up cheap stocks already.

Most importantly, if you have kept a basket of funds ready. What’s wrong? The worst thing that could happen is that you are not ready, overleveraging or overspending and resulting in negativity and depression. That’s the last time we want.

 

[iceraider]

Yeah. Not pinpointing you on the matter. Jus curious on your perspective of the area.

Tbh.. from e location of PC, there are two supermarkets (sheng shiong n ang mo) within 5-7mins walk. The upcoming canberra plaza got NTUC. Then theres SSC (Giant)tat is abt 10-15mins walk. Clincs n foodcourts also within these area

For parents, theres 3 childcare centres also within 5-7mins walk.

So theres actually not really a need to drive ard much to get necessities unless u r going to buy a month supplies

I just drove around the area. The nearby got empty plots of land. For me, I am not saying the place is not good, just thinking once all the buildings are up, It’ll be cramp also and meanwhile, need to drive around to get things...

 

[momoeagle]

New launch is not linked to resales, some say.

If the new launch value is higher, the resale value will also be higher, some others say.

 

[Polar Bear King]

New launch is not linked to resales, some say.

Everything is not linked
Each has own luck
Pls don’t compare

 

[momoeagle]

https://www.google.com.sg/amp/s/amp...rus-global-recession-2020-now-seen-guaranteed

With such headlines, would like to see what kind of OLA these buyers experience in due course.

https://www.channelnewsasia.com/new...owth-slows-advance-estimate-covid-19-12577146

This headline too.

And the problem is, this is still the start.

Already have 4 friends, from early to mid 40s, who got retrenched and with not much savings. All switched to Grab driving or delivery at the moment. Brother in law lost his job as he was swim instructor for children, and has no more students due to cancellations.

Data from companies are from previous quarters. A whole lot of Singaporeans underestimated the economical fallout, and I think this is a result of our government being extremely good in handling of the situation so far.