Reserve Residences

[sellipad2]

80 per of all units sold

Good result already considering they kept 25% of stock on first day of launch, now assuming they released all they can milk the buyers slowly with remaining 20% stock over next 4 years at record psf. No ABSD risks

Above 2.6k psf is a crazy price but guess people just bought into fomo and hype

 

[Laneige]

2.6k is really crazy

 

[youskevitch]

2.6k is really crazy

why crazy? mayfair modern 99y already transacted at 2400 psf.
RR at 2600 psf is reasonable. 200 psf premium for ITH is less than 10% premium

 

[durain]

Good result already considering they kept 25% of stock on first day of launch, now assuming they released all they can milk the buyers slowly with remaining 20% stock over next 4 years at record psf. No ABSD risks

Above 2.6k psf is a crazy price but guess people just bought into fomo and hype

All the stock they kept have all released liao bro. What you see left are all their premier units >$3m

 

[sellipad2]

All the stock they kept have all released liao bro. What you see left are all their premier units >$3m

ya guessed as much, their leftover units all either have record psf or high quantum around $4-5M.

Somehow buyers seem to bite for this project, some units have irregular layout, face west sun and 3 roads, and at back of creekside is a generator for centralized cooling system, yet still can sell.

Remind me of last year when all EC sold out except North Gia, at that time people thought demand was low due to lack of affordability, but they were wrong when all the $2m+ 4BR in CG was sold out. if next few months Myth, Pinehill or Lentor Hill cant sell, its not because there is no demand, but simply product or pricing is not good enough.

 

[petetherock]

First big development in the area
Add integrated features
Add two good primary school and one additional lesser known one
Trains and shopping
Why not ?

 

[petetherock]

why crazy? mayfair modern 99y already transacted at 2400 psf.
RR at 2600 psf is reasonable. 200 psf premium for ITH is less than 10% premium

The Mayfair prices really surprise me..
Cashing in on RR pricing I guess... but those who buy will be compared to RR when it TOP

 

[jeffong]

First big development in the area
Add integrated features
Add two good primary school and one additional lesser known one
Trains and shopping
Why not ?

I think what further adds to the appeal is the future community club which will incorporate sports facilities, library and elder care in addition to the market and hawker centre all just across the bridge from RR. Wonder if it will be as grand as Our Tampines Hub setup.

 

[petetherock]

I think what further adds to the appeal is the future community club which will incorporate sports facilities, library and elder care in addition to the market and hawker centre all just across the bridge from RR. Wonder if it will be as grand as Our Tampines Hub setup.

Let's hope some of the old hawkers stay on after the renovations..
It's a good place for the young parents and their kids to grow up with schools, CC, library and nature all nearby..

 

[jeffong]

Let's hope some of the old hawkers stay on after the renovations..
It's a good place for the young parents and their kids to grow up with schools, CC, library and nature all nearby..

Yeah I agree that it's a nice place for stay-in owners especially given that the 3 bedders were going at a decent price. I reckon over the next few years, calls for enbloc at Bukit Timah Plaza/Sherwood Towers and Bukit World/Bukit Timah Plaza will grow stronger after the Reserve Mall and Linq commercial area opens up. By 2028, the remaining lease for these 3 old projects would be less than 50 yrs.

 

[petetherock]

The area might get a bit noisy or dusty .. especially creekside ..

 

[petetherock]

Those who paid 23xx or so in RR probably bought the larger units:

 

[petetherock]

ST is featuring RR tomorrow
Should be interesting

 

[youskevitch]

ST is featuring RR tomorrow
Should be interesting

may i kindly know how you got this piece of news

 

[petetherock]

may i kindly know how you got this piece of news

https://www.straitstimes.com/life/h...erve-at-the-reserve-residences-in-bukit-timah
You can always buy the paper to read it tomorrow
It kind of reads like an ad..
Abundant sunlight - haha, nice way of upselling Western Sun

 

[youskevitch]

https://www.straitstimes.com/life/h...erve-at-the-reserve-residences-in-bukit-timah
You can always buy the paper to read it tomorrow
It kind of reads like an ad..
Abundant sunlight - haha, nice way of upselling Western Sun

any kinds souls can paste the article here....cant read

 

[koster]

The Mayfair prices really surprise me..
Cashing in on RR pricing I guess... but those who buy will be compared to RR when it TOP

But Mayfair is really bkt timah whereas RR is upper bkt timah

 

[durain]

https://www.straitstimes.com/life/h...erve-at-the-reserve-residences-in-bukit-timah
You can always buy the paper to read it tomorrow
It kind of reads like an ad..
Abundant sunlight - haha, nice way of upselling Western Sun

“He adds that construction is scheduled to commence soon”

Looks like they can pang kang liao. Good development that was priced to sell(for most buyers) can early early pack up and outpro.

Purely for discussion, maybe rather than stage prices slowly, they price to sell fast, so can Build early and start collecting money early to bring down their exposure to high interest rates, maybe that was their pricing strategy considering the high interest rate environment? Any thoughts?

 

[petetherock]

I was very surprised to know there’s only one lift per block for Mayfair ..
It isn’t very tall but if the lift breaks down you’ll need to climb and if it’s the day you have deliveries then good luck

 

[petetherock]

“He adds that construction is scheduled to commence soon”

Looks like they can pang kang liao. Good development that was priced to sell(for most buyers) can early early pack up and outpro.

Purely for discussion, maybe rather than stage prices slowly, they price to sell fast, so can Build early and start collecting money early to bring down their exposure to high interest rates, maybe that was their pricing strategy considering the high interest rate environment? Any thoughts?

There are service apartments so it makes sense to get them up soon
Also, those 7 million dollar apartments won’t move so quickly anyway
With the bulk of the units sold, the money stream will come from rentals at the service units and shops
Remember FEO owns those shops and you want good tenants