Rivercove Residences

[The_Davis]

Developers must be opportunists. It is expected and predicted. RC and sumang ec helping each other out. Very easy to see. And when sumang about to launch, you might see another movement by government ---> to raise the ec income Ceiling. Then sumang ec price will explode.

huat ah.... d19 will hit 2k psf for private condo?

 

[birmingham123]

Developers must be opportunists. It is expected and predicted. RC and sumang ec helping each other out. Very easy to see. And when sumang about to launch, you might see another movement by government ---> to raise the ec income Ceiling. Then sumang ec price will explode.

Sumang only chance is government raise ec salary ceiling. Else they will be struck. 14k to afford 1.2m ec for 1000sf ? Not say cannot afford but is a choice... does not means ec as a subsidized means must buy... if today government say subsidized people earning below 14k 10% of car, does it means all people will go buy cars ? The choice of wanting to stay in condo vs the cost of staying in it... if for investment purpose, wait for a better time then. Dun buy when it is obviously oversupply now...

 

[birmingham123]

The other developers are smarter than this guy who missed out . Lol
Its share price tells the story :

Even as property market stirs, Fragrance’s Koh sees little value in current land prices
https://www.theedgesingapore.com/ev...e’s-koh-sees-little-value-current-land-prices

U think developers are smart , but i only see them taking a gamble... anyway, they have no other choice also haha... they dun bid high for land means they will close shop...

 

[yellowduck]

Forget it, too high for me, I guess I better wait for the May bto, Sengkang have.. Just pay off a 5rm and stay solvent until retirement.. ...

 

[birmingham123]

Forget it, too high for me, I guess I better wait for the May bto, Sengkang have.. Just pay off a 5rm and stay solvent until retirement.. ...

May bto quite likely no need good queue number also can get.. based on last round, sengkang west bto really not popular

 

[kiatme]

D19 Should hit 1.85k highest(got quite afew new ones), D12(woodleigh) should be around 2k aprox
There's a condo new launch at loyang changi stretch going at 1.1k or approx I think, but very little or no marketing, it was bought at 2010 GLS.. project start with J (can't remember saw somewhere)

huat ah.... d19 will hit 2k psf for private condo?

 

[sinicker]

D19 Should hit 1.85k highest(got quite afew new ones), D12(woodleigh) should be around 2k aprox
There's a condo new launch at loyang changi stretch going at 1.1k or approx I think, but very little or no marketing, it was bought at 2010 GLS.. project start with J (can't remember saw somewhere)

The Jovell.

 

[Mergui219067]

Isn’t every investment a gamble ?
For us too .

1-2 years ago I lol at the China developers of huge
Sol Acres in CCK & Kingsbay in Punggol as their sale stalled .
Many developers refused to discount off.
It turned out they were right in the gamble.

But this Fragrance missed out all while
Oxley rushed back in time & aggressively bought a few enbloc .

U think developers are smart , but i only see them taking a gamble... anyway, they have no other choice also haha... they dun bid high for land means they will close shop...

 

[the bees]

Isn’t every investment a gamble ?
For us too .

1-2 years ago I lol at the China developers of huge
Sol Acres in CCK & Kingsbay in Punggol as their sale stalled .
Many developers refused to discount off.
It turned out they were right in the gamble.

But this Fragrance missed out all while
Oxley rushed back in time & aggressively bought a few enbloc .

Sol Acres is not developed by China Developers.

""Where the willingness is great, the difficulties cannot be great."" HardwareZone Forums app

 

[asky2505]

At this price, might as well get h20. 2+s only $900+k. Immd move in, can sell off earlier or rent out immediately. Lesser restrictions. By cdl smmre. Big infinity pool. 3m high ceiling. Finishes are good

 

[kiatme]

The problem is that the china developers bid aggressively for the projects, bid high and they can afford to sell lower than singaporean developers (maybe they got lobang or DIY the materials to build)

due to lack of land, for local developers, no land to build = no business, no business = jialat, and since government is not introducing measures or control to stop foreign developers, local ones are forced to bid higher lor, or as a workaround, enbloc for land, its a vicious cycle

at least for rivercove, hoi hup will not be afraid of unsold units, its the only EC till next year, first timers who are fed up with lousy luck on BTO queue number or gave up (and became 2nd timers) will pay a more premium price to buy this project, and when sumang or the other 3 future ecs launch, rivercove will still remain as the cheapest project around

the only issue with rivercove is, this project is only good for homestay, for singaporeans who wish to flip, who are you gonna sell to, you have to wait 10 years to sell to foreigners, singaporeans are smart enough not to buy this project resale after 5 years, so many other projects around going at a simliar or cheaper price like esparina, luxurie, or the whole stretch of ECs slightly north (the vales, terrace, lush acres) who are going to compete with you

 

[Mergui219067]

Apologies if so.

This author lol at China developers last year but they may turn out to be the smart ones:
Foreign developers are spending stupid amounts of money to buy land in Singapore
https://www.icompareloan.com/resources/chinese-property-developers-love-singapore/

Sol Acres is not developed by China Developers.

 

[noel13]

Pm me if you are keen about the price list

 

[birmingham123]

Isn’t every investment a gamble ?
For us too .

1-2 years ago I lol at the China developers of huge
Sol Acres in CCK & Kingsbay in Punggol as their sale stalled .
Many developers refused to discount off.
It turned out they were right in the gamble.

But this Fragrance missed out all while
Oxley rushed back in time & aggressively bought a few enbloc .

Oxley might be in danger if their enbloc project cannot sell above their cost... they really go all out taking the risk. I can onlynwish them luck..

 

[noel13]

Oxley might be in danger if their enbloc project cannot sell above their cost... they really go all out taking the risk. I can onlynwish them luck..

Developer without land is as good as GG.
Is a gamble they must take.

CDL as well. Aggressive as well

 

[Mergui219067]

Its Verandah did poorly ?

Oxley might be in danger if their enbloc project cannot sell above their cost... they really go all out taking the risk. I can onlynwish them luck..

 

[noel13]

Its Verandah did poorly ?

75% on sold when launched should be consider good

 

[Mergui219067]

Just say it to 酸 / update Birmingham.

75% on sold when launched should be consider good

 

[ashcrow]

btw..where to look for the official pricelist?

 

[NewInvestor]

btw..where to look for the official pricelist?

Yes can't someone post price list here?