Treasure at Tampines

[NiShiZhu]

the prices released for this launch (1800+psf?) are for only a limited number of units..
I assume that with this correction, it is closer to realistic pricing?

what are the chances that after this launch, they increase prices again on the back of good sales figures?
I think it may be unlikely, as increasing prices again, will bring them back to square one..
so probably the pricing will be here to stay.

in an ideal world, G L & PC will feel the pressure.. but in reality, how long before developers will react?

any other more informed guys can enlighten me?

WLR average launch price for decent units with decent facing should be 18xx to 19xx psf thereabout. Anything above 2kpsf is deem as overpriced at that location. With their initial failed launch, I doubt they will sell their units crossing the 2kpsf mark on average again for the time being unless they still don’t learn their lesson. At 18xx to 19xxpsf, can move units or not still remains as a question mark.

The 17xxpsf is probably just that few “starbuy” units with poor facing, Low floor, direct west sun etc. It’s their method to entice people to visit their SF and it’s a publicity stunt. How developer will price their units will depend very much on their sales. If WLR by any chance can hit above 70% sales after a 100psf to 200psf drop in price compared to their initial launch, these developer will start to do small incremental in price bit by bit again. This is exactly what CEL did for park colonial when it hit 72% sale. They start to increase 1-1.5% in last year oct/nov. simply because they already secured 72% of the buyers.
With the remaining 28% unsold units in park colonial, do u think CEL will be so Gan Jiong and bother to cut price like what WLR did so desperately now? Park colonial is unlike treasure with 2203 units, there no need for them to be Gan jiong about.

What lesson and case study is WLR trying to learn from right now? Sounds familiar riight? Yes, some of you have guessed it....Affinity and the gardens residence.

There’s no need for a guru to predict all these stunts. However, u will be surprised some of these so called “old bird” here are ignorant about this.

 

[annetyu]

Still waiting for experts to give their professional views and analysis about the market, one who is certain and does not need to keep editing his/her views.

Not sure if anyone has thought about how much of the demand and sales from the past 2 years were actually "real" demand after deducting en bloc beneficiaries who needed to look for replacement homes? Based on some brief research, the total number of units that were acquired from the collectives sales is estimated to be around 7,000 units. These en bloc beneficiaries have benefitted handsomely and could have even purchased more than 1 unit. So, think twice before concluding that the past 2 years of sales were all rosy and sustainable.

Only time will tell who are really able to critically analyse the market objectively.

 

[NiShiZhu]

It’s a pity that when most bros here were discussing on WLR relaunch and pricing, there will be bound to have some insensible pple talking things not relevant to topic. Basically No head no tail and in the end learn nothing. Sigh...
Very sad to see this home seeker forum has been deterioritating its standard due to some of these pple.

 

[ThinkCarefully]

WLR average launch price for decent units with decent facing should be 18xx to 19xx psf thereabout. Anything above 2kpsf is deem as overpriced at that location. With their initial failed launch, I doubt they will sell their units crossing the 2kpsf mark on average again for the time being unless they still don’t learn their lesson. At 18xx to 19xxpsf, can move units or not still remains as a question mark.

The 17xxpsf is probably just that few “starbuy” units with poor facing, Low floor, direct west sun etc. It’s their method to entice people to visit their SF and it’s a publicity stunt. How developer will price their units will depend very much on their sales. If WLR by any chance can hit above 70% sales after a 100psf to 200psf drop in price compared to their initial launch, these developer will start to do small incremental in price bit by bit again. This is exactly what CEL did for park colonial when it hit 72% sale. They start to increase 1-1.5% in last year oct/nov. simply because they already secured 72% of the buyers.
With the remaining 28% unsold units in park colonial, do u think CEL will be so Gan Jiong and bother to cut price like what WLR did so desperately now? Park colonial is unlike treasure with 2203 units, there no need for them to be Gan jiong about.

What lesson and case study is WLR trying to learn from right now? Sounds familiar riight? Yes, some of you have guessed it....Affinity and the gardens residence.

There’s no need for a guru to predict all these stunts. However, u will be surprised some of these so called “old bird” here are ignorant about this.

You missed out Florence, which sold 3% of total during launch weekend, less than woodleighs 4%.

Also G&L, So commendable, sold 7% during launch weekend, dunno what people think if compared to Affinity and Gardens.

 

[annetyu]

It’s a pity that when most bros here were discussing on WLR relaunch and pricing, there will be bound to have some insensible pple talking things not relevant to topic. Basically No head no tail and in the end learn nothing. Sigh...
Very sad to see this home seeker forum has been deterioritating its standard due to some of these pple.

There’s no need for a guru to predict all these stunts. However, u will be surprised some of these so called “old bird” here are ignorant about this.

Pity that some cannot control their innate inclination toward mindless provocations. Moderators, hope that you are still watching this thread closely.

Was inputing some thoughts about demand and supply after reading through one of my previous reports from Citi. "Supply diminish in 18/19 but huge spike in 21/22". Thought it would be relevant to the market as a whole. Sadly, got attacked again for no reason.

 

[ThinkCarefully]

Still no people bother with me?

Appreciate of you can take your landed discussion to another thread, unless you are comparing landed property versus treasure at Tampines?

 

[annetyu]

Appreciate of you can take your landed discussion to another thread, unless you are comparing landed property versus treasure at Tampines?

Yes and WLR discussion goes to woodleigh thread. This is for Treasure or any market insights that relates to Treasure.

 

[NiShiZhu]

You missed out Florence, which sold 3% of total during launch weekend, less than woodleighs 4%.

Also G&L, So commendable, sold 7% during launch weekend, dunno what people think if compared to Affinity and Gardens.

Yap u r right.
But Seriously, I do not know what’s the selling point for the Florence.
Perhaps a drop of 100-150psf drop for Florence May help?


WLR still can brag about its RCR mix development status, but Florence.....hmm.

 

[NiShiZhu]

Pity that some cannot control their innate inclination toward mindless provocations. Moderators, hope that you are still watching this thread closely.

Was inputing some thoughts about demand and supply after reading through one of my previous reports from Citi. "Supply diminish in 18/19 but huge spike in 21/22". Thought it would be relevant to the market as a whole. Sadly, got attacked again for no reason.

Don’t be too sensitive, no one mention names here. Like what you always did.

Isn’t this your favourite quote? “ why so sensitive and defensive?

 

[annetyu]

Don’t be too sensitive, no one mention names here. Like what you always did.

Isn’t this your favourite quote? “ why so sensitive and defensive?

Haha. Don't be so childish Mr Ni. I don't wish to waste any more time on pointless arguments with you, so thats it from me.

 

[NiShiZhu]

I don’t think it’s necessary to compensate the early buyers with renovation packages whatsoever. Willing buyer, willing seller and it’s a normal strategy to skim the market. Hopefully, the loss from these group of buyers serves as a lesson for the rest of the market.

Just last December, a couple of individuals were ridiculing others who commented about high prices and predicting a 10-20% discount. This is just the start and will create ripple effects on other developments. Gazania and Lilium can no longer claim that they are selling at leasehold prices and park colonial has to react accordingly. Soon Treasure will follow.

Pot calling kettle black? Haha
Hmm, not sure who is talking of treasure or WLR, G and L or park colonial
Some pple can Xia sway to the max already now still want to lecture others.
Double standard? Hmmm....

 

[annetyu]

Hmm, not sure who is talking of treasure or WLR.
Some pple can Xia sway to the max already now still want to lecture others.
Double standard? Hmmm....

Was replying to thinkcarefully's post, unknowingly forgot this was treasure thread. Understand likewise may have happened to you so lets try to move WLR to woodleigh thread next time.

P.S. No need to keep editing your posts, especially if sole purpose is to add in provocative comments.

 

[NiShiZhu]

Was replying to thinkcarefully's post, unknowingly forgot this was treasure thread. Understand likewise may have happened to you so lets try to move WLR to woodleigh thread next time.

I have been advising thinkcarefully to do that.
Even on amber park discussion
But he always likes to sing the fools rush in song here. Lol

 

[NiShiZhu]

Was replying to thinkcarefully's post, unknowingly forgot this was treasure thread. Understand likewise may have happened to you so lets try to move WLR to woodleigh thread next time.

P.S. No need to keep editing your posts, especially if sole purpose is to add in provocative comments.

U too.
If u seriously want to continue fruitful discussion here,

Ps : there’s no need to be salty all the time.
U are well aware I’m not as submissive as mergui.

 

[annetyu]

there’s no need to be salty all the time.

Not sure what you mean. Care to elaborate briefly?

p.s. Mergui was never submissive. He continued his rebuttals against my comments into December last year at Woodleigh thread. Sadly for him, based on market developments recently, my views are obviously more correct. Interestingly, he disappeared suddenly, and you come in.

 

[NiShiZhu]

Not sure what you mean. Care to elaborate briefly?

p.s. Mergui was never submissive. He continued his rebuttals against my comments into December last year at Woodleigh thread. Sadly for him, based on market developments recently, my views are obviously more correct. Interestingly, he disappeared suddenly, and you come in.

Hmm, base on your deduction, I would have suspect captain Huat, myself, pokemon, and many other bros here could be mergui’s clone.
This mergui bro must had suffered serious schizophrenia to have so many clones with different writing style.
Oh ya, your views are always more correct. Ur views are the gospel truth.

 

[annetyu]

Hmm, base on your deduction, I would have suspect captain Huat, myself, pokemon, and many other bros here could be mergui’s clone.
This mergui bro must had suffered serious schizophrenia to have so many clones with different writing style.
Oh ya, your views are always more correct. Ur views are the gospel truth.

I've seen captain and pokemon during mergui's time and they are way different from mergui. You seem to be saying I think anyone who had conflicts with me is mergui. Not saying you are mergui, but like him, you are against me half the time. Take for example the Terassee and Affinity comparision, felt it was really unnecessary and weird that you were attacking me for suggesting terassee when other "bros" or yourself had also recommended certain resales in place of some new launches too.

And yes, my views are correct most of the time for now, you got to accept that. Time will tell.

 

[NiShiZhu]

I've seen captain and pokemon during mergui's time and they are way different from mergui. You seem to be saying I think anyone who had conflicts with me is mergui. Not saying you are mergui, but like him, you are against me half the time. Take for example the Terassee and Affinity comparision, felt it was really unnecessary and weird that you were attacking me for suggesting terassee when other "bros" or yourself had also recommended certain resales in place of some new launches too.

And yes, my views are correct most of the time for now, you got to accept that. Time will tell.

Seriously I don’t recall using provocative words or toxic remarks attacking u when debating betw affinity and terrasse. More of substantiating it with facts based on terrasse sales listing and total unit sold in 2019. I don’t make up stories.
Even you also admit terrasse though near mrt, it’s a ulu place to begin with. So which part I was wrong?

If I behave rudely or using toxic remarks against u or dragging in your parents into debate, I would have garner hatred by many bros here.

 

[annetyu]

Yap u r right.
But Seriously, I do not know what’s the selling point for the Florence.
Perhaps a drop of 100-150psf drop for Florence May help?

I dare not say $150psf drop for florence. That makes it 1300psf and close to treasure and way below affinity when florence is arguably in a better location near kovan and HG mrt. Will have an impact on the market but yes that will likely happen one day. Got to brace ourselves.

 

[annetyu]

Seriously I don’t recall using provocative words or toxic remarks attacking u when debating betw affinity and terrasse. More of substantiating it with facts based on terrasse sales listing and total unit sold in 2019. I don’t make up stories.
Even you also admit terrasse though near mrt, it’s a ulu place to begin with. So which part I was wrong?

If I behave rudely or using toxic remarks against u or dragging in your parents into debate, I would have garner hatred by many bros here.

If I say Terrassee beside MRT is ulu, what is Affinity? Hahaa..