筍盤來了！！！One Bernam Condo

[kpkb]

Sales not too good. Less people want to stay in this part of CBD?

 

[䏣炆玧示老太]

Bro, not bad? Midtown Modern sold 60% and Irwell Hill Residences sold more than 50% on launch day, these two have similar price point to One Bernam, and 79/391 translates to less than 25%.

in current market would expect closer to 50% to be not bad I think?

just wait a while longer
sinkies very rich all will jump in to max loan to buy since now is their last chance in this lifetime

 

[Passerboy]

just wait a while longer
sinkies very rich all will jump in to max loan to buy since now is their last chance in this lifetime

Perhaps it’s the appeal of CBD living, cheaper alternatives could be found nearby at The Landmark, nearer chinatown.

next up, Pasir Ris 8, expecting that one to be fairly popular..

 

[zaclee]

MCC probably should have more 1 bedders for OB to move sales. There are some pretty good layouts/units (Stack 2, 3, 4, 5) which should do well with investors, but also some odd ones (Stack 8) which isn’t moving. The price loading for the higher floors seem large.

MTM benefitted from the wave of Bugis being in limelight, and recent launches skewed expectations. Maybe hitting ~30% (similar to Landmark) over first weekend would be quite respectable, not great but still decent.

 

[ThinkCarefully]

MCC probably should have more 1 bedders for OB to move sales. There are some pretty good layouts/units (Stack 2, 3, 4, 5) which should do well with investors, but also some odd ones (Stack 8) which isn’t moving. The price loading for the higher floors seem large.

MTM benefitted from the wave of Bugis being in limelight, and recent launches skewed expectations. Maybe hitting ~30% (similar to Landmark) over first weekend would be quite respectable, not great but still decent.

###

Yes, quite quiet and no trumpet blowing media reports of sales during launch weekend.

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[19931993]

just wait a while longer
sinkies very rich all will jump in to max loan to buy since now is their last chance in this lifetime

why so extreme - last chance in a lifetime?

 

[䏣炆玧示老太]

why so extreme - last chance in a lifetime?

spiral inflation everything double up price every 15 yrs
do you salary double up every 15 yrs too?

 

[mementomori]

Huh so how much is the sales for one bernam, didn't even know it was going on

 

[daheigou999]

Bro, not bad? Midtown Modern sold 60% and Irwell Hill Residences sold more than 50% on launch day, these two have similar price point to One Bernam, and 79/391 translates to less than 25%.

in current market would expect closer to 50% to be not bad I think?

Good projects for the developers doesn’t mean they have to sell out on day 1. Sometimes, selling too fast may also mean that you’re leaving money on the table and not conning sinkies enough.

But ok la, OB is lanpoon

 

[Passerboy]

Good projects for the developers doesn’t mean they have to sell out on day 1. Sometimes, selling too fast may also mean that you’re leaving money on the table and not conning sinkies enough.

But ok la, OB is lanpoon

True, but I guess from the take up rate it points that the project ain’t too popular. I have doubts that Fuji Xerox will launch 3000psf.. maybe closer to Sky Everton price point would help.

 

[䏣炆玧示老太]

the top floor 3 penthouse units sold?

 

[wetdreamx]

If can cut 1000sqft into 3BR in an excellent layout easily $3M can sell no problem

Ho seh laaaaaa how to exit then?

 

[Clazav]

just wait a while longer
sinkies very rich all will jump in to max loan to buy since now is their last chance in this lifetime

Only 83 out of 351 sold. Even with pasir ris 8 incident, still don't seems to move.

 

[NiShiZhu]

Only 83 out of 351 sold. Even with pasir ris 8 incident, still don't seems to move.

Now no one loves CCR.
Now Pple rather pay for OCR at CCR price

 

[Passerboy]

Only 83 out of 351 sold. Even with pasir ris 8 incident, still don't seems to move.

Funny ppl rather buy Avenue South Residence at similar psf, rather than Landmark or One Bernam.

 

[zaclee]

A large part I suspect may just be down to developers’ marketing efforts and also how hard agents push (commission related?)

From a couple of agents I interacted with, several projects were almost always pushed first… and the likes of LM, OB, Fourth Avenue, and another project near Holland, etc. seems to be mentioned only after the first round of preferred suggestions were turned down.

 

[zaclee]

https://www.google.com.sg/amp/s/www...-pagar-set-outperform-other-cbd-locations-jll
Think Tanjong Pagar is currently underrated and has potential in the mid term. No harm keeping an eye on. Marina Bay may be slightly more prestigious, but Tanjong Pagar has better amenities, mix and livability.

 

[Passerboy]

A large part I suspect may just be down to developers’ marketing efforts and also how hard agents push (commission related?)

From a couple of agents I interacted with, several projects were almost always pushed first… and the likes of LM, OB, Fourth Avenue, and another project near Holland, etc. seems to be mentioned only after the first round of preferred suggestions were turned down.

Bro u agent right, is ASR commission very high? I don’t understand how it sells so well compared to LM, OB and OPB on comparable psf yet perceived poorer attributes.

 

[zaclee]

Bro u agent right, is ASR commission very high? I don’t understand how it sells so well compared to LM, OB and OPB on comparable psf yet perceived poorer attributes.

Hahha unfortunately I am not an agent.

Early on ASR sell itself on affordable quantum, near CBD and first mover for GSW transformation. Think early days low/mid floor 2br at $1.2-1.3mil (~$2k psf), and that impression sticks with public even as prices adjust.

On its own ASR is not a bad project, the 2br dumbbell layout looks efficient too, maybe some like it being at a more “quiet” area.

Subjective - if I were to pick between the 4 today, ASR probably won’t be my top pick.

 

[daheigou999]

Bro u agent right, is ASR commission very high? I don’t understand how it sells so well compared to LM, OB and OPB on comparable psf yet perceived poorer attributes.

Tiagong ASR comm is 2.9% for 1-3BR, and 3.1% for 4BR

Disclaimer: I’m not an agent