The M - Mixed Development

[Passerboy]

1BR alr exceeded 2700psf and they were sold like hotcake lo!

No surprise, bigger unit = higher quantum = slower to move

then I wonder what was the person who bought at 2700psf thinking, given the workmanship.

I think the appeal was the overall quantum, that’s why the 2plus study couldn’t move.

 

[Passerboy]

https://www.businessinsider.sg/bugi...e-residential-district-propertyguru-predicts/

For owners who bought into the M, some cheers, especially those who entered $2100psf

 

[sgpropertyblog]

more than 70% sold ..

 

[Passerboy]

more than 70% sold ..

That’s super good sales which means more than 365/522 units sold

Any idea the avg psf transacted?

 

[NiShiZhu]

more than 70% sold ..

I was expecting at max is around 60% sold on first day.
Looks like cov has not deter or dampen the sales like what others had claimed previously.

 

[1993newbie]

Yea I was expecting max 60% sold too! Yea COV or not. Property purchase still goes on

I was expecting at max is around 60% sold on first day.
Looks like cov has not deter or dampen the sales like what others had claimed previously.

 

[Passerboy]

Yea I was expecting max 60% sold too! Yea COV or not. Property purchase still goes on

with COVID-19 life still goes on, it isn’t as drastic as SARSand it looks like there’s still a lot of buyers w deep pockets. I had expected more than 50% though.

Parc Canberra did well last week, now The M also did well, next week OLA, let’s see. Kopar should be coming up soon saw the showflat erected too.

 

[NiShiZhu]

with COVID-19 life still goes on, it isn’t as drastic as SARSand it looks like there’s still a lot of buyers w deep pockets. I had expected more than 50% though.

Parc Canberra did well last week, now The M also did well, next week OLA, let’s see. Kopar should be coming up soon saw the showflat erected too.

Over the past 1.5 decade, I had already observed this scenario despite chains of CMs and a few recessions taking place:
“Rice can don’t eat, dress can don’t buy, car can don’t drive, but good property must buy.” Buying property has already been part of our DNA.
Where is our prophet property soul who has been preaching doom and gloom all these years?
Bear in mind the M is priced higher than I thought esp for those premium facing units based on what I heard from some forumers here.

 

[Passerboy]

Over the past 1.5 decade, I had already observed this scenario despite chains of CMs and a few recessions taking place:
“Rice can don’t eat, dress can don’t buy, car can don’t drive, but good property must buy.” Buying property has already been part of our DNA.
Where is our prophet property soul who has been preaching doom and gloom all these years?
Bear in mind the M is priced higher than I thought esp for those premium facing units based on what I heard from some forumers here.

haha.
I totally agree w that pun except rice cannot don’t eat bro.

Everyone still buying property and ppl who bought the M are even younger than I thought, assuming the queues paint the correct picture, where’s hola? - Good property if priced cheap everyone queue even w epidemic, imagine without Covid-19 maybe higher price than this alr.

 

[NiShiZhu]

haha.
I totally agree w that pun except rice cannot don’t eat bro.

Everyone still buying property and ppl who bought the M are even younger than I thought, assuming the queues paint the correct picture, where’s hola? - Good property if priced cheap everyone queue even w epidemic, imagine without Covid-19 maybe higher price than this alr.

I wouldn’t say the M is cheap but it’s still consider low quantum despite high psf for those premium facing units

 

[Passerboy]

I wouldn’t say the M is cheap but it’s still consider low quantum despite high psf for those premium facing units

Need to look at the overall caveat lodged to see, else the update from
Business Times on the number of units sold and avg psf. Anyone can share.

 

[NiShiZhu]

Need to look at the overall caveat lodged to see, else the update from
Business Times on the number of units sold and avg psf. Anyone can share.

Those who caught it at 2.2 to 2.4kpsf consider quite lucky imo. Those who bought at 2.7kpsf onwards maybe nothing to be happy about since the M is compromised by its furnishing quality and cramp layout/site plan.
Just my 2 cents.

 

[Hyruga]

The marketing team did a great job promoting M with a price starting from 9xxk and this lured a big crowd.

But the pricing strategy team did the wrong thing. 1br and studio were always going to sell out first because of the lower quantum so 1br should be priced higher and 2 br and 3br priced lower.

Sales of 1br was never the problem. It was always the big units that got stuck.

 

[1993newbie]

Will keep a look out for caveats

Need to look at the overall caveat lodged to see, else the update from
Business Times on the number of units sold and avg psf. Anyone can share.

 

[Doc Madatay]

https://www.businessinsider.sg/bugi...e-residential-district-propertyguru-predicts/

For owners who bought into the M, some cheers, especially those who entered $2100psf

Those 2100 should be lousy facing Low floor isn’t it?
They collected Cheques and have prospective buyers filling up forms of top 3 choices
So before releasing the price they already know the demand and can priced to their advantage
So what I’m saying is that there is no lucky guy there getting super Low psf deal.. every transaction is priced at developer discretion and decision isn’t it?

 

[Passerboy]

Those 2100 should be lousy facing Low floor isn’t it?
They collected Cheques and have prospective buyers filling up forms of top 3 choices
So before releasing the price they already know the demand and can priced to their advantage
So what I’m saying is that there is no lucky guy there getting super Low psf deal.. every transaction is priced at developer discretion and decision isn’t it?

I feel even if lousy facing units, at 2100psf it’s still a steal, but I believe only a handful of those lucky ones got it. It’s like a lottery to generate the initial hype in order to generate after sales

 

[Doc Madatay]

I feel even if lousy facing units, at 2100psf it’s still a steal, but I believe only a handful of those lucky ones got it. It’s like a lottery to generate the initial hype in order to generate after sales

Just trying to understand the process, I’m newbie in Ppty investment
Got to admit their marketing good

 

[Passerboy]

Just trying to understand the process, I’m newbie in Ppty investment
Got to admit their marketing good

Maybe they learnt from the garden residences

Bad facing units if entered a lot lower could end up profiteering more than good facing units w higher entry price. Sth I observe too.

 

[daheigou999]

Prelim count is 346 sold (67%)

I’m really stunned...

 

[Passerboy]

Prelim count is 346 sold (67%)

I’m really stunned...

Must know the avg price first. If it’s below 2500psf then nothing to be stun, since it became a value buy.