The M - Mixed Development

[daheigou999]

Another Business Times report on the M sales. https://www.businesstimes.com.sg/re...s-buck-cautious-sentiment-from-virus-outbreak

According to the analyst, the good sales is due to it being "...considered fairly underpriced compared to new sales in districts 1, 2, and 7". Someone mentioned Haus on Handy - took a look at the pricing, and yes, that one is definitely higher, average seems around $2,700 to $2,800 PSF, so it's closer to Midtown Bay pricing. The Tan Quee Lan street one will likely be higher than the M as well, cos not only is the land cost about $100 PSF more, but it's by GuocoLand, who will likely want to protect the pricing for Midtown Bay. But with Midtown Bay not moving so well, may have to price it somewhere in between the two. But could still be worth it, as it's nearer to Bugis MRT station.

As a Guoco fan, I’m quite looking forward to this. Hopefully, they don’t slap me with the high prices (as usual)

 

[NiShiZhu]

Another Business Times report on the M sales. https://www.businesstimes.com.sg/re...s-buck-cautious-sentiment-from-virus-outbreak

According to the analyst, the good sales is due to it being "...considered fairly underpriced compared to new sales in districts 1, 2, and 7". Someone mentioned Haus on Handy - took a look at the pricing, and yes, that one is definitely higher, average seems around $2,700 to $2,800 PSF, so it's closer to Midtown Bay pricing. The Tan Quee Lan street one will likely be higher than the M as well, cos not only is the land cost about $100 PSF more, but it's by GuocoLand, who will likely want to protect the pricing for Midtown Bay. But with Midtown Bay not moving so well, may have to price it somewhere in between the two. But could still be worth it, as it's nearer to Bugis MRT station.

I also suspect TQL to be priced somewhere in between the M and midtown Bay, since TQL land bid price is only 5% higher than the M.
If TQL is to be priced around midtown Bay range, GuocoLand may be stuck with two projects not selling well.

 

[Passerboy]

Another Business Times report on the M sales. https://www.businesstimes.com.sg/re...s-buck-cautious-sentiment-from-virus-outbreak

According to the analyst, the good sales is due to it being "...considered fairly underpriced compared to new sales in districts 1, 2, and 7". Someone mentioned Haus on Handy - took a look at the pricing, and yes, that one is definitely higher, average seems around $2,700 to $2,800 PSF, so it's closer to Midtown Bay pricing. The Tan Quee Lan street one will likely be higher than the M as well, cos not only is the land cost about $100 PSF more, but it's by GuocoLand, who will likely want to protect the pricing for Midtown Bay. But with Midtown Bay not moving so well, may have to price it somewhere in between the two. But could still be worth it, as it's nearer to Bugis MRT station.

Taking a leaf from Wingtai and the M.

TQL proj may differentiate itself as a less premium project (but more premium than the M) compared to Midtown and price it cheaper for it to move. From the M sales, it appears that if the psf and quantum is low enough, no one is quite bothered w bad facing, west sun or even lower floor issues, given its location.

 

[daheigou999]

I also suspect TQL to be priced somewhere in between the M and midtown Bay, since TQL land bid price is only 5% higher than the M.
If TQL is to be priced around midtown Bay range, GuocoLand may be stuck with two projects not selling well.

Agreed. In that case, would TQL @ 2.6k psf be a good buy?

 

[Passerboy]

Agreed. In that case, would TQL @ 2.6k psf be a good buy?

I think it depends on the overall quantum too if 2600psf, the unit size are big it could stretch your affordability too.

 

[Wimsey]

Come to think of it, these prices are actually quite mind-boggling. It wasn't that long ago that Bugis was the red light district of Singapore. Now look at all these prices!! On that basis, might be a good idea to look at Geylang if buying to hold for the long term. After all, can get freehold there cheaper than leasehold here.

 

[Passerboy]

Come to think of it, these prices are actually quite mind-boggling. It wasn't that long ago that Bugis was the red light district of Singapore. Now look at all these prices!! On that basis, might be a good idea to look at Geylang if buying to hold for the long term. After all, can get freehold there cheaper than leasehold here.

People are accepting $2500psf as a new norm for new launch in Bugis.

And the other facts that new launch EC are at $11xxpsf and mass market condo at $14xxpsf seems to become a reality that people grown to accept.

Central Geylang FH are about $15-16xxpsf for new ones? But I reckon they would compare well to PLB Park Place Residences that’s near $2000psf.

 

[NiShiZhu]

Agreed. In that case, would TQL @ 2.6k psf be a good buy?

Now the only two projects that interest me is kopar and TQL.
Betw the two, I will be looking at the lowest quantum, though my preference is still in district 7.
The M smallest studio/one bedder is around 2.4kpsf thus TQL smallest unit should be 2.5-2.6kpsf thereabout.

 

[NiShiZhu]

People are accepting $2500psf as a new norm for new launch in Bugis.

And the other facts that new launch EC are at $11xxpsf and mass market condo at $14xxpsf seems to become a reality that people grown to accept.

Central Geylang FH are about $15-16xxpsf for new ones? But I reckon they would compare well to PLB Park Place Residences that’s near $2000psf.

Property with Geylang address, Farrer address doesnt seems to appreciate much as far as I know.
So they are not in my radar despite FH status.

 

[daheigou999]

Now the only two projects that interest me is kopar and TQL.
Betw the two, I will be looking at the lowest quantum, though my preference is still in district 7.
The M smallest studio/one bedder is around 2.4kpsf thus TQL smallest unit should be 2.5-2.6kpsf thereabout.

Same here, watching closely but for 2B (own stay). Hopefully things pan out well...

 

[Doc Madatay]

Agent just texted
2BR
#15/16
$2700+ psf

 

[NiShiZhu]

Agent just texted
2BR
#15/16
$2700+ psf

2700psf for the M? Can move on Liao.

 

[daheigou999]

Agent just texted
2BR
#15/16
$2700+ psf

Siao, I rather get Martin Modern at that price...

 

[Passerboy]

Siao, I rather get Martin Modern at that price...

Honestly I won’t get Martin Modern for 2700psf, the M is a better buy at 2700psf, it’s newer by 2 years lease and alt right smack 3 MRT line, Martin modern at most 25xxpsf, when first phase it was as low as 21xxpsf.

But of cos 27xxpsf you may go over to TQL development ale and hope got good units

 

[daheigou999]

Honestly I won’t get Martin Modern for 2700psf, the M is a better buy at 2700psf, it’s newer by 2 years lease and alt right smack 3 MRT line, Martin modern at most 25xxpsf, when first phase it was as low as 21xxpsf.

But of cos 27xxpsf you may go over to TQL development ale and hope got good units

Meant it from own stay perspective.

Of course, I agree with you and hence I’m not vested in MM Will watch Kopar or TQL

 

[Passerboy]

Meant it from own stay perspective.

Of course, I agree with you and hence I’m not vested in MM Will watch Kopar or TQL

If for home stay I don’t think Kopar is a good bet, TQL or The M would surely be better. Kopar there near expressway and jus opp Newton food centre.

 

[daheigou999]

If for home stay I don’t think Kopar is a good bet, TQL or The M would surely be better. Kopar there near expressway and jus opp Newton food centre.

I’m not too sure about M for homestay, but I’m hopeful for TQL although Guoco isnt usually that kind on prices...

 

[Unknowns]

central library revamp

straitstimes.com/singapore/nlb-to-revamp-8-libraries-including-central-and-open-new-punggol-regional-library

central library to be revamped starting early 2021. any idea what changes will take place and when the new building/additions will be ready?

 

[SBC]

How many units at The M had bounced out?

 

[NiShiZhu]

How many units at The M had bounced out?

About 4, from the text I received from agent

2 units of 2+S at 1.8xmil
1 unit of 1+S at 1.4xmil near 1.5mil
1 unit of highest floor 1 bedder at 1.4 mil, think it’s high ceiling type.

These bounced out units have price which is same as during launch day.