OLA EC @ Anchorvale

M

momoeagle

Master Member
Joined
Nov 1, 2007
Messages
2,800
Reaction score
519
bllimus said:
Nono to increase ceiling for EC. It’s one of the factor psf keep on increasing because more buyers can afford when ceiling increase from 14k to 16k.
Click to expand...

Must have assets progression mah.

multiple advantages

1. Late buyers regret, so buy now
2. More people can pay and can buy
3. Higher psf means more stamp duty collected
4. Higher psf means dev earn more means investors earn more
5. Higher psf means higher property tax. More properties above AV and so less people qualify for help
6. Higher psf means asset progression for older folks!

Bad is just for people who haven't buy any. Not many. Most can't vote yet.

Up ceiling!
 
B

bllimus

Member
Joined
Nov 27, 2007
Messages
413
Reaction score
82
momoeagle said:
Must have assets progression mah.

multiple advantages

1. Late buyers regret, so buy now
2. More people can pay and can buy
3. Higher psf means more stamp duty collected
4. Higher psf means dev earn more means investors earn more
5. Higher psf means higher property tax. More properties above AV and so less people qualify for help
6. Higher psf means asset progression for older folks!

Bad is just for people who haven't buy any. Not many. Most can't vote yet.

Up ceiling!
Click to expand...

GG for your future generation....
 
M

momoeagle

Master Member
Joined
Nov 1, 2007
Messages
2,800
Reaction score
519
momoeagle said:
Ok mah. Asset progression mah. Can sell property much higher and they have more $$.

Like buy Ola $1.2k psf, 40 years later sell $2k psf.
Click to expand...

Should add. $400 psf gain in 5 years between the new launch ECs.

That $800 more psf gain should be within 10 years.

$2k psf in year 2032 for Ola.
 
B

birmingham123

Master Member
Joined
Aug 3, 2011
Messages
3,014
Reaction score
77
momoeagle said:
Simple mah.

Think in terms of buyer

$1000 psf for 10 year old condo (Bellewaters & Treasure Crest)

or $1200 psf for 5 year old condo (Ola, premium because Spanish theme, nearer by 5 mins walk to LRT)

Assuming $200 psf earnings for the others and no earning for Ola.


Or if wait longer, 10 years vs 15 years
or 15 years vs 20 years

Buy which one?

Just for 5 years diff and pay $400 psf more. Probably really rich sinkie willing.

Or probably too many sinkie families too rich unable to get HDB, so no choice but to pay more.

Govt should help these "no choice" familows by raising HDB ceiling to $18k and EC ceiling to $20k.
Click to expand...

Just curious, has treasure crest resold at 1000psf already ? I remember the balance units are selling around 900psf where the initial launch is selling 700psf. Just curious what price will be the resales market
 
M

momoeagle

Master Member
Joined
Nov 1, 2007
Messages
2,800
Reaction score
519
birmingham123 said:
Just curious, has treasure crest resold at 1000psf already ? I remember the balance units are selling around 900psf where the initial launch is selling 700psf. Just curious what price will be the resales market
Click to expand...

Not MOP yet I believe. But the Vales is selling about there.
 
B

bllimus

Member
Joined
Nov 27, 2007
Messages
413
Reaction score
82
发哨子2020;131985869 said:
Because of the salary ceiling ,and adjustable anyway.
No fear :o
Click to expand...

No fear, unlikely Gov going to change salary ceiling again for next 3 years. 😂
 
M

momoeagle

Master Member
Joined
Nov 1, 2007
Messages
2,800
Reaction score
519
bllimus said:
Data from somewhere....

40.51% (222) Sold ! Bal 327 Units !
Click to expand...

https://www.edgeprop.sg/property-ne...y-become-reality-covid-19-looms-over-launches

Sales at the Spanish-themed EC, located at Anchorvale Crescent, amounted to 167 units, which translates to a take-up rate of 30% of a total of 548 units in the development by Anchorvale Pte Ltd, a joint venture between Singapore-based Evia Real Estate and Malaysia-based Gamuda Land.

Of the units sold, first-time buyers made up about 61% (102 units), with second-time buyers or HDB upgraders making up the remaining 39% (65 units).


And

Propnex CEO said
“We thought that OLA would have been able to achieve sales of at least 300 units.”
 
B

bllimus

Member
Joined
Nov 27, 2007
Messages
413
Reaction score
82
momoeagle said:
https://www.edgeprop.sg/property-ne...y-become-reality-covid-19-looms-over-launches

Sales at the Spanish-themed EC, located at Anchorvale Crescent, amounted to 167 units, which translates to a take-up rate of 30% of a total of 548 units in the development by Anchorvale Pte Ltd, a joint venture between Singapore-based Evia Real Estate and Malaysia-based Gamuda Land.

Of the units sold, first-time buyers made up about 61% (102 units), with second-time buyers or HDB upgraders making up the remaining 39% (65 units).


And

Propnex CEO said
“We thought that OLA would have been able to achieve sales of at least 300 units.”
Click to expand...


Oh no, only 55 (222-167) units sold since March 2020 launch.

GG
 
M

momoeagle

Master Member
Joined
Nov 1, 2007
Messages
2,800
Reaction score
519
holasingapura said:
So strange? Expected it to be 80% sold by now. Propnex CEO very bullish on this project.
Click to expand...

For me, only if <$1k psf then maybe maybe consider. Hospital is a big turn off.

Then again, impossible for Ola to be that low, because "developer must make money".

I think they will still finish selling though.
 
H

holasingapura

Master Member
Joined
Oct 19, 2019
Messages
3,271
Reaction score
464
发哨子2020;132043769 said:
Take pity the developer and request -20% .
Sure can !
Click to expand...

Nah. Sinkies very philanthropic, they want to help developer not to lose money. So that the shareholders and wider sinkie community can earn money. :s8:
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top