Totally agreed. In order for GSW to sustain, a critical mass of population is needed on the west coast area, which is probably why the govt is trying inject significant amount of HDBs in that area with a new type of HDB model. To shift the port, build key infrastructure, build up a critical population mass, how many phases will that take? Even the Kampong Bugis white site is going to be launched in phases spanning 11-13 years (URA 1H2021 gls states it), how many years would a much larger GSW take? Buying a LH on a GSW hype might not be a good move as lease decay might kick in by the time GSW is in full swing. And even so, would there have been much better opportunities to ride on?
Reef only has one tiny plot of empty commercial land on the waterfront across the service road. Judging by the distance, only selected few stacks along the service road will be affected by construction for a short couple years.I feel GSW a little overhyped. By the time, the port moves and new developments start coming up, wouldn’t it be 20-30 years later? This pandemic may have delayed the timeline further… And even if you are first in the GSW area, you have to tolerate large scale construction and road works all around you for 10-20 years at least?
Agree, reef is a lifestyle product. I personally think the main catalyst for growth in psf would be due to the desirability to stay at reef, rather than being dependent on GSW for upside.Agree that GSW will take a minimum of 10years for anything tangible.
But for reef itself, the attraction is not so much GSW but living directly at the waterfront - which has limited supply in Singapore (and everywhere really).
how to see the pic, nothing show up. subsale?
Did someone just started the ball rolling?
Wah.. one of the better units near waterfront. If so, stack 50 also all Huat liao.
Did someone just started the ball rolling?
You can't see pic? Try browsing 99.co Tower View for reef, stack 51 3rd floor. It's 6% above launch price, doubt is subsale (12% ssd)?how to see the pic, nothing show up. subsale?
Ya, it's a good start. Should be bounced, that stack was fully snapped up during VVIP (Jan/Feb) but that transaction is in March.Wah.. one of the better units near waterfront. If so, stack 50 also all Huat liao.
Resale? Or bounce unit found new buyer?
I can see on mobile. Its a new sale, checked ura caveat and there are no subsale yet. Buyers huat man, less than 3 mths valuation gained $100k liao for waterfront units.You can't see pic? Try browsing 99.co Tower View for reef, stack 51 3rd floor. It's 6% above launch price, doubt is subsale (12% ssd)?
Ya, it's a good start. Should be bounced, that stack was fully snapped up during VVIP (Jan/Feb) but that transaction is in March.
I can see on mobile. Its a new sale, checked ura caveat and there are no subsale yet. Buyers huat man, less than 3 mths valuation gained $100k liao for waterfront units.
If the original buyer activated on otp in jan now $100k richer, wonder why didnt execute. Some of the waterfront units you cant even get during vvip, i heard the agents just rushed to buy onsite during vvip, alot didnt get their choice units then settled for clubhouse view
Ya, almost all waterfront units (Blk 20) were unavailable already before VVIP.I can see on mobile. Its a new sale, checked ura caveat and there are no subsale yet. Buyers huat man, less than 3 mths valuation gained $100k liao for waterfront units.
If the original buyer activated on otp in jan now $100k richer, wonder why didnt execute. Some of the waterfront units you cant even get during vvip, i heard the agents just rushed to buy onsite during vvip, alot didnt get their choice units then settled for clubhouse view
No if bounced its still new sale. Usually need to ballot and developer will sell at higher price if takeup rate for project is good. Original buyer forgo the option and lost deposit ard 1.25% of purchase price which was around $20k+Ya, almost all waterfront units (Blk 20) were unavailable already before VVIP.
If original buyer bounced, is it logged as subsale in ura? Does it mean the original buyer didn't execute in this case?
Oh.. cool! Ytreprop shows it's bounced, so the new price is set by developer?No if bounced its still new sale. Usually need to ballot and developer will sell at higher price if takeup rate for project is good. Original buyer forgo the option and lost deposit ard 1.25% of purchase price which was around $20k+
I heard they open up to employees first before they launch the vvip, they already chopped the best units before vvip preview
Looks like eric is wrong lol. Waterfront units to me worth at least $3k psf in current market..somemore reef water view is right at doorstep
Hopefully it can correct before TOP
yea usually for bounced out unit they will increase price plus do balloting, all the more in such climate where market going up and up.Oh.. cool! Ytreprop shows it's bounced, so the new price is set by developer?
I am not a fan of Eric's video. Is he in HWZ?
... when one invest in property one must be able to apply critical thinking and not have herd mentality
3k psf? That will be another Reflection project in the making unless the whole property market price will be elevated to the next level. hee heeLooks like eric is wrong lol. Waterfront units to me worth at least $3k psf in current market..somemore reef water view is right at doorstep
Hopefully it can correct before TOP
3k psf? That will be another Reflection project in the making unless the whole property market price will be elevated to the next level. hee hee
3k for CCR new project like midtown is already hard to swallow for me, this one is RCR leh.
For 3k, I rather buy Reflection or Caribbean resale. Much cheaper.