Reserve Residences

[drkcynic]

Haha I see it differently but ok

TBH, one of the most mind-f statements I have heard recently.

Too much of a good thing make a bad thing become a "good" thing because the bad thing is considered "rare" now.

 

[petetherock]

The adjacent projects also make TRR shine
Pine tree is expensive without a train
Mayfair duo are smaller
The older FH projects in the region are asking way too much
Then there’s the competition in the East but it’s a different area and even then the psf is higher
However will you get as much after TOP as those Covid projects ?

 

[DevilPlate]

I visited the GD showroom site..
It's not even at the actual site! I almost went to the wrong place...
They only have the 2B + 1S as their showroom, and I guess the 2B one toilet was so impressive, so they are clever..
The showroom car park is tiny, and the staff aren't really very busy. They keep harping on the fact that >50% was sold, but I also asked for their premium facing 2B + 1S and it starts at 2.02, which translates to 26xx.
So the effect is to make TRR buyers feels better and TC / TG developers feel better...
Take the advice of the vloggers with a pinch of salt, some have vested interest, so caveat emptor...

So GD will lose more money than TRR in 4years time. ok i get it

 

[petetherock]

So GD will lose more money than TRR in 4years time. ok i get it

I'm pretty sure you're not an owner in either of these properties...

 

[DevilPlate]

I'm pretty sure you're not an owner in either of these properties...

No money

 

[earthred]

TBH, one of the most mind-f statements I have heard recently.

Too much of a good thing make a bad thing become a "good" thing because the bad thing is considered "rare" now.

Supply and demand is really one of the most basic concepts in economics. The reason you cannot see it is because you placed a value judgment of good and bad, whereas, it is actually about preferences (accessibility versus tranquility), though admittedly one preference has more mass appeal than the other.

 

[drkcynic]

Supply and demand is really one of the most basic concepts in economics. The reason you cannot see it is because you placed a value judgment of good and bad, whereas, it is actually about preferences (accessibility versus tranquility), though admittedly one preference has more mass appeal than the other.

The evidence are everywhere to show the mass appeal of properties near MRT, the latest being GD. Bad layout, high price, china developer, big bathtub for a pool, not prestigious like Amber/Katong blah blah, yet the results speak for itself.

If one still want to ignore that and insist it's a judgement call or preference then it's up to them. But to turn around and somehow link the lack of proximity to MRT as the rare commodity now, it's just too rich for me. Conceptually, yeah it's rare but are all things rare in demand?

Are LCD tv in demand? Are non-smart phones in demand?

 

[DevilPlate]

The evidence are everywhere to show the mass appeal of properties near MRT, the latest being GD. Bad layout, high price, china developer, big bathtub for a pool, not prestigious like Amber/Katong blah blah, yet the results speak for itself.

If one still want to ignore that and insist it's a judgement call or preference then it's up to them. But to turn around and somehow link the lack of proximity to MRT as the rare commodity now, it's just too rich for me. Conceptually, yeah it's rare but are all things rare in demand?

Are LCD tv in demand? Are non-smart phones in demand?

Thats why i joked and say go whack those far from MRT....

Not to say far from MRT cannot make money but that argument about pricing gap diminishing because more supply near to MRT is kinda warped too imo.

Sounded more like an agent trying to sell a property far from MRT when potential buyers raise their concern about no nearby MRT.

 

[DevilPlate]

However another topic i wana discuss is about CCR/RCR vs OCR.

Imo the pricing gap has indeed diminished over the decade and likely to continue due to advancing suburbs infrastructure and alot more MRT lines connecting islandwide. Ulu OOCR may suddenly become a hot place to live in.

*Not saying to buy new launches like LHR as the pricing gap is soooo narrow liao whahahaha

 

[jeffong]

However another topic i wana discuss is about CCR/RCR vs OCR.

Imo the pricing gap has indeed diminished over the decade and likely to continue due to advancing suburbs infrastructure and alot more MRT lines connecting islandwide. Ulu OOCR may suddenly become a hot place to live in.

*Not saying to buy new launches like LHR as the pricing gap is soooo narrow liao whahahaha

With the advent of the TEL and future CRL, new areas will get opened up and if entry prices are good, it will give a chance to the younger generation to build up wealth in the long term. Actually the two upper thomson land plots if priced low will look attractive. Can eat Ampang YTF and Geylang Beef hor fun everyday. Hahaha.

 

[drkcynic]

However another topic i wana discuss is about CCR/RCR vs OCR.

Imo the pricing gap has indeed diminished over the decade and likely to continue due to advancing suburbs infrastructure and alot more MRT lines connecting islandwide. Ulu OOCR may suddenly become a hot place to live in.

*Not saying to buy new launches like LHR as the pricing gap is soooo narrow liao whahahaha

I think when it comes down to it, pricing is everything. You want to sell me ulu OOCR, can, you better make sure it's at a good price. Afterall, I have to tank that ulu place for however long I stay there. When I make a bigger than normal profit when I sell, I exchanged my convenience and took the risk for this profit. So all is fair game imo.

 

[jeffong]

I think when it comes down to it, pricing is everything. You want to sell me ulu OOCR, can, you better make sure it's at a good price. Afterall, I have to tank that ulu place for however long I stay there. When I make a bigger than normal profit when I sell, I exchanged my convenience and took the risk for this profit. So all is fair game imo.

However I fear for a lot of the youngsters going all out into this Sell 1 Buy 2 nonsense perpetuated by all these agents. All it takes to drive them into bankruptcy is a Black Swan event as they have no holding power at all and blinded by the belief that rental can cover everything. This is especially dangerous with PSF's being driven to unheard levels now.

 

[drkcynic]

With the advent of the TEL and future CRL, new areas will get opened up and if entry prices are good, it will give a chance to the younger generation to build up wealth in the long term. Actually the two upper thomson land plots if priced low will look attractive. Can eat Ampang YTF and Geylang Beef hor fun everyday. Hahaha.

That's quite true. In my generation, those people who took the plunge to move to SK/punggol EC at 700+psf, the ulu place 10-15 years ago, all came out with a big pot of gold to upgrade. Just suck it up, tong 7-10 years, can make alot of money.

I don't think it's as easy now though, ECs today are easily 1200psf and above. BTOs are also getting very small and pricey.

 

[jeffong]

That's quite true. In my generation, those people who took the plunge to move to SK/punggol EC at 700+psf, the ulu place 10-15 years ago, all came out with a big pot of gold to upgrade. Just suck it up, tong 7-10 years, can make alot of money.

I don't think it's as easy now though, ECs today are easily 1200psf and above. BTOs are also getting very small and pricey.

No more 1200psf liao.. Even the upcoming Altura EC at BBW is going for high 1400 to 1500psf.

 

[DevilPlate]

No more 1200psf liao.. Even the upcoming Altura EC at BBW is going for high 1400 to 1500psf.

Newly MOP resale ECs still have 12xxpsf.....While stock last liao hahaha

 

[scanner007]

More food choice over Beauty world. Getting more lively.

 

[ksksksks]

Can’t wait

 

[petetherock]

Can’t wait

What unit did you get?

Anyway it seems that Woh Hup is really the contractor... which is good

 

[jeffong]

What unit did you get?

Anyway it seems that Woh Hup is really the contractor... which is good

Is there any official announcement? I do see them appointed to be J'Den main con though.

 

[petetherock]

Is there any official announcement? I do see them appointed to be J'Den main con though.

From an agent..
BTW, you should have received a letter telling you that there's some customer service officer to update you on progress ? Maybe that person will know too..