筍盤來了！！！One Bernam Condo

[NiShiZhu]

Yeah I think luck plays a part too.

Today with benefit of hindsight, we can say RCR/OCR can huat, like Poiz, etc.

Rewind back when Poiz launch. 35% sold on launch weekend, which in today’s market pple would say it is bad / unpopular. Online, many people also question its buyers, saying too expensive, cannot profit, etc. But end of day the buyers turn out ok.

Not saying those buyers were smarter, or online is wrong. Just that there are market factors, govt actions that we can’t anticipate which may influence the outcome in certain ways.

Yea, some huge profits r made without logic. No one can predict when your unit will meet a big buyer. I guess it’s good karma at work if u manage to find one

 

[ThinkCarefully]

Yeah I think luck plays a part too.

Today with benefit of hindsight, we can say RCR/OCR can huat, like Poiz, etc.

Rewind back when Poiz launch. 35% sold on launch weekend, which in today’s market pple would say it is bad / unpopular. Online, many people also question its buyers, saying too expensive, cannot profit, etc. But end of day, the project and their buyers turn out ok.

Not saying those buyers were smarter, or online is wrong. Just that there are market factors, govt actions that we can’t anticipate which may influence the outcome in certain ways.

###

Looking back at GEM launch weekend


https://www.straitstimes.com/business/property/50-of-gem-residences-sold-in-a-day

The developer gave vouchers and other discounts to entice buyers... launch of RCR 1 br from 578k and psf starts from $1,279..


Today, we know all these new launch buyers huat..


###

 

[Passerboy]

###

Looking back at GEM launch weekend


https://www.straitstimes.com/business/property/50-of-gem-residences-sold-in-a-day

The developer gave vouchers and other discounts to entice buyers... launch of RCR 1 br from 578k and psf starts from $1,279..


Today, we know all these new launch buyers huat..


###

“73 per cent of units are priced below $1.4 million.”

Nowadays, 3bedder compact alr well above $1.5m..

 

[zaclee]

SG private home market to remain on sound footing - Edmund Tie

Interesting reading on indications of market and shifting/potential trends, e.g. acceptance of larger quantum, shift away from smallest sub-500sf units, etc.

Extract:

“Studio apartments appear to have lost some of their appeal despite their lower price quantum, as more home buyers seek larger spaces to accommodate work-from-home arrangements,” said Lam.
…
Edmund Tie said the decline was “likely due to rising property prices and the preferential shift away from smaller homes”. It added that the trend to shift away from smaller units is further reinforced by the hike in the proportion of transactions for units above $2 million, from 21.2% in Q1 2021 to 24.1%, forming almost all primary transactions in Q2 2021.
…
In Q2 2021, the number of purchases by foreign buyers (non-PR) fell 2.7% to 284 units from 292 units in Q1 2021. “The decline did not affect the CCR, where the number of transactions increased by a significant 35.8% QoQ in Q2 2021, from 109 units to 148 units,” said Edmund Tie. The CCR overtook the RCR with the most transactions made by foreign buyers, as foreigners gravitated to a more familiar segment.”

 

[Passerboy]

Saw that Marina View white site closed w sole bidder IOI prop at $1379psf.. doesn’t seem to bode well for CBD and CCR projects..

 

[daheigou999]

Comm increased to 3.2%!!

 

[scanner007]

Comm increased to 3.2%!!

They should do it for Landmarks too!

 

[Passerboy]

Comm increased to 3.2%!!

Now is the time not to buy One Bernam aft the Marina View land bid, that’s why they give more commission to push sales haha..

 

[RyanJ]

https://www.edgeprop.sg/property-news/one-bernam-hits-new-high-3168-psf

 

[zaclee]

Wah… Just heard One Bernam did a CNY promo over the weekend and cleared almost all balance units from around $24xx (around $2.4k - $2.6k psf range) … now just left the 3 penthouses and last 3 bedder (98% sold).

Guess they benefit from competitive pricing to recent RCR/OCR.

 

[Zanahoria]

Wah… Just heard One Bernam did a CNY promo over the weekend and cleared almost all balance units from around $24xx (around $2.4k - $2.6k psf range) … now just left the 3 penthouses and last 3 bedder (98% sold).

Guess they benefit from competitive pricing to recent RCR/OCR.

Hearsay one bernam sold 80+ over units in last 1.5 weeks. Basically developer wants to faster clear stock.
One bernam problem is layout quite cui.

 

[oldchanggold]

Saw TT Lum vid like got whooping discount. V bad for first mover that got it early

 

[DevilPlate]

Hearsay one bernam sold 80+ over units in last 1.5 weeks. But the so called promo price is very much similar to the launch price. Basically developer wants to faster clear stock.
One bernam problem is layout quite cui.

Todays buyer not bad deal….buy at 3.5yrs ago price whereby general market has gone up by >20%
https://www.edgeprop.sg/property-news/one-bernam-sells-23-total-units-launch

 

[Zanahoria]

Todays buyer not bad deal….buy at 2yrs ago price whereby general market has gone up by 10-15% past 2years

And buyers will justify that one bernam ccr price is today's ocr price.
OK la, plus nearing top. At least they didn't offend the day 1 buyers like what cascanden reserve did.
Edit: I stand corrected. OB Really got promo price lol

 

[rider83]

Yes. There was a fire sale over the weekend.

 

[gonewiththesmart]

One Bernam price reduced more than 20% and sold 87 units in 3 days! Who say Property Price never come down ?will banks ask borrowers to top up?​

the reduction is more than 20 %, i heard....
some sold units have been returned to developer.
my question, will banks ask borrowers to top up, Since the price drop more than 20 %.

no need send me lawyer letter..

i get the info from news below, % reduction is my guess
room type..........area.............reduction psf@@..... ##%
1............................715...........611----934.................30
2......................807--872.........455---950...................27
3.....................1421.................427----585.................20

@@ average area taken

## average reduction/ $2585 in

https://www.edgeprop.sg/property-ne...-weekend-promotion-only-three-penthouses-left

Over the weekend of Jan 11 to 12, One Bernam, the mixed-use development with 351 residential units in Tanjong Pagar, offered 87 units for sale at promotional prices.
The 99-year leasehold apartment tower by joint developers MCC Land and Hao Yuan Investment was first launched in May 2021. Based on caveats lodged as at Jan 10, over 75% of the units were sold at an average price of $2,585 psf.
..
..
One-bedroom units ranging from 441 sq ft to 463 sq ft saw price discounts of $323,000 to $438,000.
Meanwhile, the two-bedroom apartments of 700 sq ft to 732 sq ft had price discounts from $437,000 to $668,000. The two-bedroom plus study apartments of 807 sq ft to 872 sq ft saw price discounts ranging from $380,000 to $800,000, while three-bedroom apartments of 1,421 sq ft had discounts ranging from $616,000 to $830,000.
...



below say price down is unlikely

https://stackedhomes.com/editorial/...e-heres-6-factors-why-you-shouldnt/#gs.jpl1rk


https://www.propnex.com/picks-detai...ause-home-prices-are-unlikely-to-drop-in-2023

 

[CrunchTime]

Can we really say the One Bernam CNY promo was a good deal? Especially for those armed with data on how much the day 1 buyers bought vs those that bought over the weekend. Genuine question

 

[Zanahoria]

Can we really say the One Bernam CNY promo was a good deal? Especially for those armed with data on how much the day 1 buyers bought vs those that bought over the weekend. Genuine question

I won't touch ccr especially D1 and D2 even got promo/discount price. So far poor resale track record.
Genuine response.

 

[gonewiththesmart]

One Bernam price reduced more than 20% and sold 87 units in 3 days! Who say Property Price never come down ?will banks ask borrowers to top up?​

the reduction is more than 20 %, i heard....
some sold units have been returned to developer.
my question, will banks ask borrowers to top up, Since the price drop more than 20 %.

no need send me lawyer letter..

i get the info from news below, % reduction is my guess
room type..........area.............reduction psf@@..... ##%
1............................715...........611----934.................30
2......................807--872.........455---950...................27
3.....................1421.................427----585.................20

@@ average area taken

## average reduction/ $2585 in

https://www.edgeprop.sg/property-ne...-weekend-promotion-only-three-penthouses-left

Over the weekend of Jan 11 to 12, One Bernam, the mixed-use development with 351 residential units in Tanjong Pagar, offered 87 units for sale at promotional prices.
The 99-year leasehold apartment tower by joint developers MCC Land and Hao Yuan Investment was first launched in May 2021. Based on caveats lodged as at Jan 10, over 75% of the units were sold at an average price of $2,585 psf.
..
..
One-bedroom units ranging from 441 sq ft to 463 sq ft saw price discounts of $323,000 to $438,000.
Meanwhile, the two-bedroom apartments of 700 sq ft to 732 sq ft had price discounts from $437,000 to $668,000. The two-bedroom plus study apartments of 807 sq ft to 872 sq ft saw price discounts ranging from $380,000 to $800,000, while three-bedroom apartments of 1,421 sq ft had discounts ranging from $616,000 to $830,000.
...



below say price down is unlikely

https://stackedhomes.com/editorial/...e-heres-6-factors-why-you-shouldnt/#gs.jpl1rk


https://www.propnex.com/picks-detai...ause-home-prices-are-unlikely-to-drop-in-2023

this price is

筍盤 for today.​

who know tmr or next year price ?..

 

[Advancer]

Apparently the project is fully sold.
On system shows 3 units unsold but they are marked as reserved.