One North Eden

[fearhimwhofearsnothing]

Anyone know how many more sold today?

https://www.edgeprop.sg/property-news/one-north-eden-85-sold-launch-weekend

 

[dragonbryan]

As someone who did consider both and chose NP (I am not an agent, don't have close friends or relatives who are agents, so no vested interest), some of my considerations are as follows.

Eric (whom some people in this forum love to quote though he makes a number of mistakes in his videos) says NP is in the forest, not in one north? That is quite categorical and not so correct. IT depends on which office you are talking about. For example, Grab new HQ is an 800m walk from NP, 1.3km from ONE. My office is almost equidistant from NP and ONE.

Would you live in a place that still feels like you are in office, or would you stay in a place with a decent sea view, next to a nature park, and in a place where only 20% of the land is used for residential blocks?

I got one with a higher unblocked floor for a psf much less than ONE, with beautiful park, sea, and sunset views. (Oh yea, I have some west sun, and have always stayed at places with west sun and do no use AirCon. Some so-called property experts make west sun a much bigger deal than it really is. My previous place with west sun got sold in one day at a higher than expected price).

For those who are saying it is ulu, I don’t completely disagree, but ulu vs non-ulu is a difference of 5-10 mins. I know how the place feels like, two of my good friends used to stay in the old NP. Anyways, for the most part, NP is no more ulu than ONE. Let us look at things more objectively. No, I don’t own a car and have no plans to get one - not because I can't afford it, but coz I prefer public transport. Even if I win the Merc in the lucky draw, I will sell it off.

Distance to nearest NTUC - 1.1 km for both.

Bn Vista MRT - 750m from ONE, Kent ridge MRT - 1.1 km from NP. Kent Ridge and Bn Vista are a ~5 mins shuttle bus ride away from NP, ONE won’t have such a shuttle bus option. Also, distance to MRT is not everything. If u look at the time taken for public transport according to Google (incl walking distance).

Marina Bay Sands - 38 mins from NP, 52 mins from ONE.
Vivo City - 25 mins from NP. 28 mins from ONE.
Orchard Road - 37 mins from ONE, 41 mins from NP.

The only major negative I saw for NP vs ONE was the distance to the nearby primary school - Fairfield methodist is within 1 km for ONE whereas it is within 2 km for NP. However, given the fact that there are not so many residential places within one km of Fairfield methodist as compared to typical schools (only a few HDB blocks in dover crescent, 2-3 blocks in Ghim Moh, a couple of condos or so in Dover road, etc.), being within 2 km would do I guess.

Convenience-wise, Fairfield methodist is 6 mins by public transport from NP. 9 mins from ONE (or 12 mins walk).

Right now, 805 units are sold. I think it's quite decent for a project of that size which has been in the market for only 3 months or so.

Congrats bro! Stack 67? Maybe we neighbour

 

[TouringSG]

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Told you right, buy anything also congrats

High price, right buy etc does not matter

The feel good vibes are all around as Long as you buy... included readers of this blog, agents, Developers... all happy



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Just curious, are you Eric? Haha

 

[ThinkCarefully]

Just curious, are you Eric? Haha

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No, I am not. Haha

In fact, I think new hdb is a good buy and I do not dispise hdb owners...

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[Twelvetoto]

Hehe resale and new launch market now operate differently.
When recent new launches enter resale, can tell it needs an even longer horizon to see profit.

Hi, have been following your posts. What do you think about resales condos comparable with ONE? Thanks

 

[NiShiZhu]

Hi, have been following your posts. What do you think about resales condos comparable with ONE? Thanks

I usually advocate new launch in the past when price gap is not too big (ie not more than over 20% premium). But looking at current situation (possible delay TOP due to COVID) plus new high achieved in new launches, I will tend more towards getting a resale at this moment, be it self stay or investment/rental.

 

[scanner007]

I usually advocate new launch in the past when price gap is not too big (ie not more than over 20% premium). But looking at current situation (possible delay TOP due to COVID) plus new high achieved in new launches, I will tend more towards getting a resale at this moment, be it self stay or investment/rental.

Seller at resale is asking a premium over their purchase price since 1/2 years ago if I am not wrong. Seller got holding power, the CM measure have cleared out most of the flippers and left with those who have holding power. It’s a seller market now.

 

[Twelvetoto]

I’m pretty new here. How do you define seller market or buyer market? Some said now is buyer market

 

[Twelvetoto]

I usually advocate new launch in the past when price gap is not too big (ie not more than over 20% premium). But looking at current situation (possible delay TOP due to COVID) plus new high achieved in new launches, I will tend more towards getting a resale at this moment, be it self stay or investment/rental.

Can a resale property be self stay and still have capital appreciation?

 

[scanner007]

I’m pretty new here. How do you define seller market or buyer market? Some said now is buyer market

Seller market means, in current contexts, those sellers have holding power and possible not in a hurry to sell if their selling price is not met.
It could also be due to that they are more buyers than sellers in the market.

The seller could choose who to sell to based on offered price.

 

[ThinkCarefully]

I usually advocate new launch in the past when price gap is not too big (ie not more than over 20% premium). But looking at current situation (possible delay TOP due to COVID) plus new high achieved in new launches, I will tend more towards getting a resale at this moment, be it self stay or investment/rental.

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Although I agree with this, the timeline is essential.

Resale has been a feasible option till early 2021. In fact, I have been sounding out some people here, but many doubters still insist new launch is the only way to go.

Today, when the situation becomes clearer, many would want to consider resale because of construction delays... any new launch purchase must come with delays and therefore slightly reduced lease after TOP (for 99 lh) and that will mean higher cost due to maybe need to rent...

but alas, by the time people see clearly, the market has moved... sellers are now hardening their stands and asking for the sky..and new launch is moving whatever the price...(just look at the prices of hdb resale)..

so good luck if one needs a place to stay!

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[NiShiZhu]

Can a resale property be self stay and still have capital appreciation?

Yes of coz.
Have bought a mix of resale and new launch over a span of 2003-2017 before.
Both new launches and resale can have cap appreciation and losses.
there r so many factors that determine gain/losses like entry price, timing, supply/demand in that area, neighbouring transaction volume and price, layout, facing, amenities, buyers’ profile in that area, masterplan, CMs..... the list goes on.
Of coz, now everything gets tougher unlike in the past.

That’s y property forum everyday so active, and got frequent debates and quarrels. Very normal

don’t worry, I first time buy also blur blur, U really need to experience all these yourself before knowing who is telling the truth and who is BS-ting.

 

[TouringSG]

Yes of coz.
Have bought a mix of resale and new launch over a span of 2003-2017 before.
Both new launches and resale can have cap appreciation and losses.
there r so many factors that determine gain/losses like entry price, timing, supply/demand in that area, neighbouring transaction volume and price, layout, facing, amenities, buyers’ profile in that area, masterplan, CMs..... the list goes on.
Of coz, now everything gets tougher unlike in the past.

That’s y property forum everyday so active, and got frequent debates and quarrels. Very normal

don’t worry, I first time buy also blur blur, U really need to experience all these yourself before knowing who is telling the truth and who is BS-ting.

That's a long time in the market. Care to share a list of valuable lessons you have learnt?

 

[NiShiZhu]

That's a long time in the market. Care to share a list of valuable lessons you have learnt?

1) never buy something too niche. Sometimes a moderately Low entry price OCR makes more money than a well located RCR/CCR with higher entry price. Low entry price means your targetted audience pool is wider. (Of coz not asking pple to buy super mega size project like treasure, might as well stay in hdb right?)
2) always get your IPA done early, strike fast when u identify a good deal, good deal don’t wait for anyone. Homework is done consistently, not last minute flipping SF brochures. Sweet spot for a dev size is 500-700 units.
3) adjust your mindset according to market change. No such thing as fixed mindset all the time (ie new launch is always better than resale and vice versa). The no otp reissuing and delay in construction due to covid has turned the tide in favour of resale. It could be a good time for pple to plan for exit.
4) start early, don’t wait till Lao Kok Kok then buy, your loan tenure get shorter as u aged, means u need fork out more cash for down payment. If limited funds but u had identified a good deal, find a like minded close frens/relatives to share the property as a form of co-investment. Ie someone u can trust with minimal dispute.
5) instead of pumping in all your cash, exhausting husband and spouse’s name for just one property, can consider sub divide your funds into multiple properties. In this way, You can control your enter/exit plan. Owning one property u can’t do much usually. Sell high buy higher only.
6) never touch your emergency fund at the expense of buying. Your emergency fund must at least last up to 3 years in the event job lost, sickness, recession etc. This is what we commonly known - holding power.
6) spend more time airing balls here, you may learn from some knowledgeable bros around.
I exchange numbers with one bro here

 

[TouringSG]

1) never buy something too niche. Sometimes a moderately Low entry price OCR makes more money than a well located RCR/CCR with higher entry price. Low entry price means your targetted audience pool is wider. (Of coz not asking pple to buy super mega size project like treasure, might as well stay in hdb right?)
2) always get your IPA done early, strike fast when u identify a good deal, good deal don’t wait for anyone. Homework is done consistently, not overnight. Sweet spot for a dev size is 500-700 units.
3) adjust your mindset according to market change. No such thing as fixed mindset all the time (ie new launch is always better than resale and vice versa).
4) start early, don’t wait till Lao Kok Kok then buy, your loan tenure get shorter as u aged, means u need fork out more cash for down payment. If limited funds but u had identified a good deal, find a like minded close frens/relatives to share the property as a form of co-investment. Ie someone u can trust with minimal dispute.
5) instead of pumping in all your cash, exhausting husband and spouse’s name for just one property, can consider sub divide your funds into multiple properties. In this way, You can control your enter/exit plan. Owning one property u can’t do much usually. Sell high buy higher only.
6) never touch your emergency fund at the expense of buying. Your emergency fund must at least last up to 3 years in the event job lose, sickness, recession etc. This is what we commonly known - holding power.
6) spend more time airing balls here, you may learn from some knowledgeable bros here.
I even exchange numbers with one bro here

Awesome insights bro, thanks for sharing! This post should be pinned.

 

[daheigou999]

6) spend more time airing balls here, you may learn from some knowledgeable bros around.
I exchange numbers with one bro here

 

[ThinkCarefully]

1) never buy something too niche. Sometimes a moderately Low entry price OCR makes more money than a well located RCR/CCR with higher entry price. Low entry price means your targetted audience pool is wider. (Of coz not asking pple to buy super mega size project like treasure, might as well stay in hdb right?)
2) always get your IPA done early, strike fast when u identify a good deal, good deal don’t wait for anyone. Homework is done consistently, not last minute flipping SF brochures. Sweet spot for a dev size is 500-700 units.
3) adjust your mindset according to market change. No such thing as fixed mindset all the time (ie new launch is always better than resale and vice versa). The no otp reissuing and delay in construction due to covid has turned the tide in favour of resale. It could be a good time for pple to plan for exit.
4) start early, don’t wait till Lao Kok Kok then buy, your loan tenure get shorter as u aged, means u need fork out more cash for down payment. If limited funds but u had identified a good deal, find a like minded close frens/relatives to share the property as a form of co-investment. Ie someone u can trust with minimal dispute.
5) instead of pumping in all your cash, exhausting husband and spouse’s name for just one property, can consider sub divide your funds into multiple properties. In this way, You can control your enter/exit plan. Owning one property u can’t do much usually. Sell high buy higher only.
6) never touch your emergency fund at the expense of buying. Your emergency fund must at least last up to 3 years in the event job lost, sickness, recession etc. This is what we commonly known - holding power.
6) spend more time airing balls here, you may learn from some knowledgeable bros around.
I exchange numbers with one bro here

####


Exactly my sentiments as well, but you worded it better than I can.

you should at least write an article on ‘No BSting insights to buying properties’

haha... like the part about airing bxxx

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[abcde83]

1) never buy something too niche. Sometimes a moderately Low entry price OCR makes more money than a well located RCR/CCR with higher entry price. Low entry price means your targetted audience pool is wider. (Of coz not asking pple to buy super mega size project like treasure, might as well stay in hdb right?)
2) always get your IPA done early, strike fast when u identify a good deal, good deal don’t wait for anyone. Homework is done consistently, not last minute flipping SF brochures. Sweet spot for a dev size is 500-700 units.
3) adjust your mindset according to market change. No such thing as fixed mindset all the time (ie new launch is always better than resale and vice versa). The no otp reissuing and delay in construction due to covid has turned the tide in favour of resale. It could be a good time for pple to plan for exit.
4) start early, don’t wait till Lao Kok Kok then buy, your loan tenure get shorter as u aged, means u need fork out more cash for down payment. If limited funds but u had identified a good deal, find a like minded close frens/relatives to share the property as a form of co-investment. Ie someone u can trust with minimal dispute.
5) instead of pumping in all your cash, exhausting husband and spouse’s name for just one property, can consider sub divide your funds into multiple properties. In this way, You can control your enter/exit plan. Owning one property u can’t do much usually. Sell high buy higher only.
6) never touch your emergency fund at the expense of buying. Your emergency fund must at least last up to 3 years in the event job lost, sickness, recession etc. This is what we commonly known - holding power.
6) spend more time airing balls here, you may learn from some knowledgeable bros around.
I exchange numbers with one bro here

i agree with pt 2 n 6.

pt 2.i hit my property at new high and was 2nd viewer. the seller offered a price and i hit it
subsequently the other units moved higher immediately. moral of the story is new high but if it's right, just hit.

pt 6.yes 3 years saving to tahan ASSD if need to sell.

 

[GalacticA]

Saw some members post about buying balance units. I know of some people who bought and settled for something less of their fancy due to poor ballot. In the end, after move in, they lose any excitement and kind of regret. Their own stay becomes a time tickler and they make plans to sell off after SSD lock. There are many other projects including new that are upcoming, dont settle and pay at much higher price too (esp if it is already a few years after launch). It will be challenging to sell off units later that are shun by first buyers, maybe have to mark down your price too when you sell, where others can actually mark up a premium.

 

[scanner007]

So many good stuffs shared in these threads.