One North Eden

[1993newbie]

One-North Eden To Open For Preview This Saturday.

“The one-bedroom with study is priced from $995,000, the two-bedder from $1.288 million. The three-bedroom and four-bedroom units, on the other hand, are priced from 1.768 million and $2.288 million, respectively”

https://www.propertyguru.com.sg/pro...TvE8Q_k5w61yBCOoz_9YVMJBf5CGPWBxUzZW7v05wX9qs

2b2b from $1.288m ..... good dumbbell layout.

 

[scanner007]

Saw indicative starting pricing where:

1BR + Study (517 sqft) - 9xxk (1740-1932 psf)
2BR (689 sqft) - 1.2xx mil (1741-1885 psf)
2BR + Study (764-797 sqft) - 1.4xx mil (1832-1962 psf)
3BR Compact (947 sqft) - 1.7xx mil (1795-1900 psf)
3BR Premium (1119 sqft) - 2.0xx mil (1787-1876 psf)
4BR Compact (1259 sqft) - 2.2xx mil (1747-1826 psf)
4BR Premium (1399-1410 sqft) - 2.5xx mil (1787-1858 psf)

Interesting, priced very close to Landmarks condo.
Location not as good but got potentially ready tenant... Singapore mini silicon valley.

 

[1993newbie]

Interesting, priced very close to Landmarks condo.
Location not as good but got potentially ready tenant... Singapore mini silicon valley.

On another note, landmark sales has slowed down with 0 sales transacted for Feb & March.

One Pearl Bank on another hand had some star buy hence we are seeing some units moving. Feb > 10 units & March > 13 units.

 

[scanner007]

On another note, landmark sales has slowed down with 0 sales transacted for Feb & March.

One Pearl Bank on another hand had some star buy hence we are seeing some units moving. Feb > 10 units & March > 13 units.

Yup. I noticed that too'! Local buyers no more interested in the project or influence by some of the so call expert?
Wondering whats the developer strategy. Pushing the rest of the units to foreign buyer? LOL

 

[marxace]

the 4 bedder study is placed in a weird area. One have to walk through the bathroom to access it.
Do developers entertain requests to hack off certain areas during OTP?

 

[䏣炆玧示老太]

Project Name One-North Eden
District 05
Address One-North Gateway
Tenure 99 years leasehold
Description One-North Eden, new GLS mixed development developed by Hong Leong & Mitsui Fudosan.
No of Units Approximately 165 Units
Expected TOP TBA
Land Area 5,778.7 SQM

ONE-NORTH EDEN CONDO AT ONE-NORTH GATEWAY BY HONG LEONG & MITSUI FUDOSAN

Distance From One-North Eden To one-north MRT station only 260m around 3 min walk--can't complete in 3 mins lar,bicycle meh?

165 units only? single block ar?

 

[ebiburger]

Haha 3 mins..build flying fox from rooftop of condo to mrt maybe also take more than 3 mins. Next time, if agent say only X mins to mrt, take out yr phone stopwatch function and tell agent u have X + X mins , go take a selfie at the mrt and see you back here.

 

[kpkb]

Wonder what is the maintenance fees like with 165 units? Anyone knows can share.

 

[Passerboy]

YouTube video showing the showflats and model is up

The finishing seems quite premium

 

[ThinkCarefully]

On another note, landmark sales has slowed down with 0 sales transacted for Feb & March.

One Pearl Bank on another hand had some star buy hence we are seeing some units moving. Feb > 10 units & March > 13 units.

###

We are like watching live show.

The spot light shines from one project to another and the crowd follows...


One interesting question: if the developer cannot move units even if they sell at neat breakeven price, what is next?

###

 

[Squeezer]

Wonder what is the maintenance fees like with 165 units? Anyone knows can share.

Don't think it'll be low. i'm curious too

 

[kpkb]

###

We are like watching live show.

The spot light shines from one project to another and the crowd follows...


One interesting question: if the developer cannot move units even if they sell at neat breakeven price, what is next?

###

If the developer cannot sell their units within 5 years, they will incur a penalty. For small developers with shallow pockets, perhaps a quick fire sale like 38 Jervois last year. But for big developers with deep pockets, there are ways to workaround, like having a sister company buy over remaining units which they can hold, rent or sell over time. Or get a rich tycoon like Wee Cho Yaw to bulk buy at discount - https://www.straitstimes.com/business/property/the-nassim-deal-a-win-win-analysts

 

[daheigou999]

If the developer cannot sell their units within 5 years, they will incur a penalty. For small developers with shallow pockets, perhaps a quick fire sale like 38 Jervois last year. But for big developers with deep pockets, there are ways to workaround, like having a sister company buy over remaining units which they can hold, rent or sell over time. Or get a rich tycoon like Wee Cho Yaw to bulk buy at discount - https://www.straitstimes.com/business/property/the-nassim-deal-a-win-win-analysts

Loophole was closed after this, cos a lot of ppl kpkb

 

[kpkb]

Loophole was closed after this, cos a lot of ppl kpkb

Correct me if I’m wrong, I believe the loophole closed was to disallow people from just buying the holding property company which owns the condo units; thereby escaping paying of stamp duty. I believe bulk purchase of units by people or companies still allowed as they all have to pay stamp duty like usual property transaction. Paying stamp duty is likely cheaper than having fire sale. Besides after purchasing, the units can be rented or resold again later when market conditions are better.

 

[marxace]

Wonder what is the maintenance fees like with 165 units? Anyone knows can share.

Maintenance range from 400-560.
Quite ex though

 

[holasingapura]

Maintenance range from 400-560.
Quite ex though

Buy first. 3 years later, salary increase can easily cover maintenance.

 

[ZergRush]

Buy first. 3 years later, salary increase can easily cover maintenance.

Free also raised in 3 years.

400-560 fees is going to be a deal-breaker for rental Investors. And this area doesn't appeal for home stay.

 

[marxace]

Buy first. 3 years later, salary increase can easily cover maintenance.

Trying to attach a picture showing the maintenance fees and share value but can't seem to attach from my phone. Previously using gagt can..
Anyway, seems strange that 3 bedder and 4 bedder have the same share value.

 

[Divisionfire]

Considering One North Residences is transacting at avg of 1.4k psf, would a new launch like this of entry price of 2k psf be overpriced?

 

[fearhimwhofearsnothing]

It's 400 for the smaller bedrooms to 560 for the larger bedrooms

Trying to attach a picture showing the maintenance fees and share value but can't seem to attach from my phone. Previously using gagt can..
Anyway, seems strange that 3 bedder and 4 bedder have the same share value.