Pasir Ris 8 unofficial "guide price"

[arctician]

My agent told me for 3br, only very few got <1600 psf, most of units transacted at 1600+ and 1700+, in this case, the opening price is just smoke grenade...tricks played by developer....
If there’s any agent in the forum that could provide some numbers?

monitor next week's URA caveat and you will know

 

[halfnode]

if i sell after bsd, i earn that amount?????

if got willing buyer, yes

 

[arctician]

I am curious too leh. But i think it could be true. 3BR increase from 14xx to 16xx and 18xx before the day ends.. i feel abit too much to increase 300-400 psqft during first day launch.

its true i think, have received sms from agents sharing the same trend at 2k psf for 2 bedders..really weird man 2k for pasir ris LOL

 

[Zze121]

Dun be surprised later all sold

 

[arctician]

Stack 65, stack 50 #05 and stack 26 #06-07 confirm got record high psf. I saw them not sold very long; until after developers increase price. Suddenly changed to "sold".

thats why i dont like to go VVIP preview, when you are there and got immersed in the atmosphere and euphoria, you lose all rationality, see everyone hyped up n you will similarly feel excited with herd-sheep mentality

 

[Falafell]

if i sell after bsd, i earn that amount?????

Err provided people are willing to buy 2k psf from you

 

[arctician]

Nvm bro, another intergrated there’s D21 BW, potential to yield 800+ units …

i feel this one has more potential than PR 8 leh, you have top schools and an official URA transformation hotspot, i hope the winner dont go crazy and go launch at 3k PSF then quote PR8 as example

 

[Passerboy]

if i sell after bsd, i earn that amount?????

If u bought $1.478m ($14xxpsf) u don’t need sell $1.892m ($18xxpsf) jus sell $150k lower at $1.742m ($17xxpsf) u would have great profits alr.

Tell the buyer this is even cheaper than those who purchase on launch day, sure got buyers. Don’t need to be too greedy, give the next buyer some meat

 

[icreatearainbow]

If u bought $1.478m ($14xxpsf) u don’t need sell $1.892m ($18xxpsf) jus sell $150k lower at $1.742m ($17xxpsf) u would have great profits alr.

Tell the buyer this is even cheaper than those who purchase on launch day, sure got buyers. Don’t need to be too greedy, give the next buyer some meat

$1.478m is $2xxx psf, not $14xx psf

somemore is leftover units
Think gov shld step in to stop developers from revising prices 5x in 1 day and ensure launch price is fair based on demand... very unfair for the ones who wait 5 hours only to get the lousy units at sky-high prices lah..

unfortunately am that unlucky one but chose to walk away!!!!

 

[Passerboy]

$1.478m is $2xxx psf, not $14xx psf

somemore is leftover units
Think gov shld step in to stop developers from revising prices 5x in 1 day and ensure launch price is fair based on demand... very unfair for the ones who wait 5 hours only to get the lousy units at sky-high prices lah..

unfortunately am that unlucky one but chose to walk away!!!!

I thought $1.478m (05-50) is three bedder size of 1023sqf? If it’s $2xxxpsf then not worth. It’s a demand and supply thing bro, without demand developer won’t revise prices so quickly.

It cannot be that $1.478m is $2xxxpsf and then developer still raise it to $1.892m if not $2500psf for Pasir Ris is even crazier.

without demand resale condo also cannot exit at high profits, same logic. Seaside Residence resale prices as high as $600k profit in three years equally absurd if u ask me.

 

[arctician]

$1.478m is $2xxx psf, not $14xx psf

somemore is leftover units
Think gov shld step in to stop developers from revising prices 5x in 1 day and ensure launch price is fair based on demand... very unfair for the ones who wait 5 hours only to get the lousy units at sky-high prices lah..

unfortunately am that unlucky one but chose to walk away!!!!

no fair or unfair, buyers can always walk away, its demand and supply so for everyone that walk away there be another who may be willing to buy

same for Pinnacle or GSW telok blangah BTO which is 30x oversubscribed..one may complain its unfair but early birds with good numbers blessed with luck to win the lottery

with the PR8 effect i think existing and upcoming new launches gg raise price real aggresively

 

[Falafell]

$1.478m is $2xxx psf, not $14xx psf

somemore is leftover units
Think gov shld step in to stop developers from revising prices 5x in 1 day and ensure launch price is fair based on demand... very unfair for the ones who wait 5 hours only to get the lousy units at sky-high prices lah..

unfortunately am that unlucky one but chose to walk away!!!!

Still can consider SKG, sold 9 units ytd night and 4 units this morning thanks to PR8. Showflat is fully booked with appointments and it seems that they are considering balloting again.

 

[FireHobbit]

https://ibb.co/BwF6N6R

 

[FireHobbit]

https://ibb.co/BwF6N6R

Latest Sales Chart

 

[ThinkCarefully]

###

What is this? 90% sold despite 2xxx psf as latest price?


Think end of day will be about 91 or 92% sold



###

 

[isenggirlz]

https://ibb.co/BwF6N6R

My agent chart shows #05-50 sold, #06-46 available.

 

[isenggirlz]

###

What is this? 90% sold despite 2xxx psf as latest price?


Think end of day will be about 91 or 92% sold



###

Looks like still 86% sold

 

[xbidamanx]

Plot twist actually target is 88% la.. that’s why they raise the price and hope people dont buy.

Like this tmr headlines more swee...

 

[Clazav]

If this project is sold at fixed 1.8 to 1.9kpsf and 100% sold, it is going to send a strong signal that the market is super hot. And next you will see more En bloc coming. And prepare for cooling measures..

 

[arctician]

If this project is sold at fixed 1.8 to 1.9kpsf and 100% sold, it is going to send a strong signal that the market is super hot. And next you will see more En bloc coming. And prepare for cooling measures..

i dont think u see more enbloc because that will trigger more flow back to real esate, more on aggressive bidding for GLS sites. next to watch is the jalan anak bukit new launch also mixed integrated development

if look at macro econ stats household income has been increasing last 10 years while ppty prices have underperformed HH income growth due to CM in 2013 and 2018, so overall affordability have improved in fact. Increase in money supply and low IR didnt help too.

Problem is we are at nascent stage of economic recovery, think we still have 3-5 years more to run, and investors all chasing for yield. A rental yield of 2%+ vs bank deposit of 0.5% is quite good if one has lots of cash around. CM i think lesser chance for these few months, because MAS already came out and say market is not overheated on june 30th.

this 1.5y of lockdown didnt help too, people have alot savings from holidays, car expenses (drive less and CBD parking), dining out, office lunches, plus stock market returns since june 2020 has been phenomenal, so really alot alot of cash..

https://www.straitstimes.com/busine...d-but-authorities-watching-prices-closely-mas