Treasure at Tampines

[microtek]

Why buy this when Coco Palms (Pasir Ris) is within walking distance to MRT, just TOP and only going for around ~$1200psf? Dont even need to wait to build and just move in / rent out.

 

[birmingham123]

Why buy this when Coco Palms (Pasir Ris) is within walking distance to MRT, just TOP and only going for around ~$1200psf? Dont even need to wait to build and just move in / rent out.

Is Coco palm 99years or 70years ?

 

[SBC]

Coco Palm remaining lease is about 92 to 93.

 

[Pokémon]

Coco Palm remaining lease is about 92 to 93.

No, it should be left with 88 years, as the lease was 99 years from 2008.

 

[killershot]

Since treasure at tampines is 1200psf, is it better buy to get the tampines trillant EC resales at 1200psf ? Location much better bah...

I have a few friends living at Tampines Trilliant. Location really very good. Can easily walk to downtown line and the malls, and more amenities coming up in the new hdb btos coming up.

But I don’t think they can sell now though. Still must wait for a year.

 

[captain huat]

No, it should be left with 88 years, as the lease was 99 years from 2008.

but coco just top how long only.

took so long to.build?

 

[kiatme]

Why buy this when Coco Palms (Pasir Ris) is within walking distance to MRT, just TOP and only going for around ~$1200psf? Dont even need to wait to build and just move in / rent out.

Similar question posed to every new launch projects around
- why buy affinity/gardens/florence when got new condos / freehold that are cheaper than them
- why buy riverfront / kingsford when got cheaper condos around (riversail riversound etc)
- why buy rivercove when h20 etc are just slightly more expensive

also...
why buy car when coe at 60k 3 years ago ? now car coe only 27k

 

[annetyu]

Similar question posed to every new launch projects around
- why buy affinity/gardens/florence when got new condos / freehold that are cheaper than them
- why buy riverfront / kingsford when got cheaper condos around (riversail riversound etc)
- why buy rivercove when h20 etc are just slightly more expensive

Most people don't know the market well enough and only get their "property news" from agents in showflat. Of courses, there are others who just want a brand new unit.

 

[microtek]

also...
why buy car when coe at 60k 3 years ago ? now car coe only 27k

Not a good example leh... you can see the future meh?

Anyway, don't know if the sale would flop like Florence Residences. 1,410 units and only 54 sold at launch. What a joke.

 

[microtek]

but coco just top how long only.

took so long to.build?

I remember going to the showflat when it launched. The land was left empty for many years before the developer decided to launch. I remember the launch price was pretty cheap... but pity that time I had no ammo to hoot anything.

 

[NiShiZhu]

but coco just top how long only.

took so long to.build?

CDL acquire the whole piece of land by building livia (1st), NV residence (2nd), the palate (3rd), D’nest , follows by coco palm (the last project). If go by this sequence, it already wasted so many years. That’s y coco palm left over lease is shorter since it’s the last project in Pasir Ris grove plot of land to be completed.
Coco palm launch price is cheap cos when they just completed, 10 years gone already.

Buying Pasir Ris grove condo (any of them) is equivalent to buying the treasure, so many units and competition.
The only good thing is the developer is CDL instead of Sim Lian and the 5 condos are separated.

 

[jweak13]

CDL acquire the whole piece of land by building livia (1st), NV residence (2nd), the palate (3rd), D’nest , follows by coco palm (the last project). If go by this sequence, it already wasted so many years. That’s y coco palm left over lease is shorter since it’s the last project in Pasir Ris grove plot of land to be completed.
Coco palm launch price is cheap cos when they just completed, 10 years gone already.

Buying Pasir Ris grove condo (any of them) is equivalent to buying the treasure, so many units and competition.
The only good thing is the developer is CDL instead of Sim Lian and the 5 condos are separated.

The land is a freehold land by Hong Leong but sell 99years to CDL.

 

[Scylla]

i wtb!!!!!!!!!!!!!!!!!!!!!!!!

 

[aphel14]

Tapestry is priced at avg $1310psf and 68% sold. Treasure is not considerably cheaper than tapestry.

Tapestry is currently at avg $1410psf

It was at avg $1375psf around Sep-Oct last year

 

[aphel14]

Since treasure at tampines is 1200psf, is it better buy to get the tampines trillant EC resales at 1200psf ? Location much better bah...

for EC, have to wait ard 9 yrs then can sell in open market like a resale hdb

another 5 yrs later then can sell to anyone as a condo

 

[annetyu]

Tapestry is currently at avg $1410psf

It was at avg $1375psf around Sep-Oct last year

Not sure where you got your figures from. But based on what I see, you are looking at the 1 bedders and tiny 2 bedders. 3 bedders are currently going for less than 1300psf and some lower than 1200psf.

And yes, I realised the news article I was referring to was last year's article after launch weekend. However, wasn't the property market more hot last year? And 1 year after launch, only 68% sold. Now treasure is adding on to the supply.

 

[kiatme]

Not a good example leh... you can see the future meh?

Anyway, don't know if the sale would flop like Florence Residences. 1,410 units and only 54 sold at launch. What a joke.

I'm just posing some questions...
Next question is... why buy coco palms ...
Palette and Dnest are selling 200 PSF cheaper and just beside....

Then the next question..... why buy palette and dnest when livia and nv residences are selling 200psf cheaper than palette and dnest

or even better.... just down the road slightly further... ris grandeur... freehold at 1k psf

 

[1993newbie]

I Guess some would prefer newer ones. And new development tend to be higher PSF from neighbouring ones. The same like Rosewood/ Woodgrove condo enclaves.

Rosewood the nearest to Woodlands MRT (new mrt exit) less than 5mins walk away , average PSF $729
As u go deeper into Rosewood drive area, the psf gets higher coz newer condos.

Woodhaven> $939
Woodgrove Condo > $678. Oldest condo in the enclave
Casablanca > $782
Rosewood Suites > $821
Parc Rosewood > $1131 . Most units here are one bedders hence higher PSF.

As for cocopalms it’s the closest to MRT plus it’s the newest in the enclave hence the PSF resale value is higher.

I'm just posing some questions...
Next question is... why buy coco palms ...
Palette and Dnest are selling 200 PSF cheaper and just beside....

Then the next question..... why buy palette and dnest when livia and nv residences are selling 200psf cheaper than palette and dnest

or even better.... just down the road slightly further... ris grandeur... freehold at 1k psf

 

[kiatme]

I Guess some would prefer newer ones. And new development tend to be higher PSF from neighbouring ones. The same like Rosewood/ Woodgrove condo enclaves.

Rosewood the nearest to Woodlands MRT (new mrt exit) less than 5mins walk away , average PSF $729
As u go deeper into Rosewood drive area, the psf gets higher coz newer condos.

Woodhaven> $875
Woodgrove Condo > $678. Oldest condo in the enclave
Casablanca > $782
Rosewood Suites > $939
Parc Rosewood > $1131 . Most units here are one bedders hence higher PSF.

As for cocopalms it’s the closest to MRT plus it’s the newest in the enclave hence the PSF resale value is higher.

They all have the same amount of leasehold left btw - for the pasir ris bunch of condos.

 

[1993newbie]

All diff actually

Woodgrove condo > starting 1997
Rosewood > 2000
Casablanca > 2001
Rosewood Suites > 2008
Parc rosewood > 2011
Woodhaven > 2011

The enclave is similar to Pasir Ris enclave actually. Next to expressway major exit into the neighbourhood. Just that Woodlands one still have open area. Future development around there lo.

They all have the same amount of leasehold left btw.