筍盤來了！！！One Bernam Condo

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Passerboy

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zaclee said:
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.
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Yes indeed early days they sold fast due to quantum play.. but I don’t think that would be the case now.
 
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1993newbie

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Passerboy said:
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.
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Well, to be fair. ASR construction progress is pretty fast as compared to the other two hence it attracts buyers especially upgraders that are looking for a new launch with shorter waiting timeline. ASR is also closer proximity to more schools hence attracting family own stay profile as compared to LM and OB.

Similarly for NP, the construction progress is pretty fast too! It has an extensive land plot hence they have a PPVC yard right on site! Hence factor like shorter waiting time do matter to some.
 
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Strange comparison ‘ broad view analysis’ at about 40:35,

he lumped NP together with ASR, OB, OPB, LM, Sky Everton in his psf analysis and concluded that since NP is lowest... he entered... as upside assured?
really did not follow his logic leh...





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Passerboy

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1993newbie said:
Well, to be fair. ASR construction progress is pretty fast as compared to the other two hence it attracts buyers especially upgraders that are looking for a new launch with shorter waiting timeline. ASR is also closer proximity to more schools hence attracting family own stay profile as compared to LM and OB.

Similarly for NP, the construction progress is pretty fast too! It has an extensive land plot hence they have a PPVC yard right on site! Hence factor like shorter waiting time do matter to some.
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fair statement. Mayb that’s why Landmark and One Bernam is not selling as well, to be fair I think One Pearl Bank is selling well now, perhaps cos of the discount.
 
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ThinkCarefully

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Passerboy said:
fair statement. Mayb that’s why Landmark and One Bernam is not selling as well, to be fair I think One Pearl Bank is selling well now, perhaps cos of the discount.
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Yes, OPB offering discount... heard up to 5xxk... dunno how true...

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ThinkCarefully said:
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Yes, OPB offering discount... heard up to 5xxk... dunno how true...

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I think OPB not bad, but more for long term own stay, don’t mind whether got make money not.

Fantastic location, great architecture, magnificent view if high floor and reputable developer. Now w discount somemore, nothing to complain abt, except perhaps odd layout, but that’s a compromise to the architecture.
 
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zaclee

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Passerboy said:
Bro the M at $21xxpsf no more liao… need find the next Best Buy.
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Haha, my 2cents, assuming want to buy in current market and choice is just between these few projects:
  • Using 2Br as a guide, below $2.5k psf for One Bernam and One Pearl Bank, and below $2.2k psf for The Landmark still ok, can consider. Another $100+psf off to be attractive. ASR should be lower than LM.
  • OPB, OB would command higher rents than LM and ASR; hence mitigate their higher psf.
  • Given their location proximity, any GSW transformation would likely lift these projects similarly. Hence, not key differentiating factor.
  • On micro level, OPB/LM may benefit more re. SGH/Outram transformation while OB more on TP/CBD transformation.
  • Entry price, rentability and locational attributes more important than facilities / design / view (unless own stay) - as long as no obvious flaws
Nothing new really, but will narrow down to just selected units in each development as worthwhile buys.

Assuming meeting above psf targets, possible options would be LM’s stack 8 (dumbbell 2br w/ green view), OB’s stack 2 (700sf 2br efficient, cheaper than stack 7) and stack 5 (1br separate kitchenette), OPB’s stack 15/16 (2br w/ green view) and 9 (1br w/ green view). :D
 
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daheigou999

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scanner007 said:
No wonder NP sale so fast. Agent at work. LOL
How about OPB, LM and Bernam, HeiGou Ge. :unsure:
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Not sure about OPB and LM leh :o I didn't track these new launches due to personal preference on layout and location :o

One Bernam is 2.2%, but they definitely need a higher comm to push those lanpoon units :o
 
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zaclee said:
Haha, my 2cents, assuming want to buy in current market and choice is just between these few projects:
  • Using 2Br as a guide, below $2.5k psf for One Bernam and One Pearl Bank, and below $2.2k psf for The Landmark still ok, can consider. Another $100+psf off to be attractive. ASR should be lower than LM.
  • OPB, OB would command higher rents than LM and ASR; hence mitigate their higher psf.
  • Given their location proximity, any GSW transformation would likely lift these projects similarly. Hence, not key differentiating factor.
  • On micro level, OPB/LM may benefit more re. SGH/Outram transformation while OB more on TP/CBD transformation. See which
  • Entry price, rentability and locational attributes more important than facilities / design / view (unless own stay) - as long as no obvious flaws
Nothing new really, but will narrow down to just selected units in each development as worthwhile buys.

Assuming meeting above psf targets, possible options would be LM’s stack 8 (dumbbell 2br w/ green view), OB’s stack 2 (700sf 2br efficient, cheaper than stack 7) and stack 5 (1br separate kitchenette), OPB’s stack 15/16 (2br w/ green view) and 9 (1br w/ green view). :D
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I am personally in favour of Landmark below $2200psf, think this project offers best value and hard to lose money.
 
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