Treasure Crest

[vinfang]

Using ALL of your CPF for your housing will mean that you will have:

1. No buffer to maintain the instalments when your income shrinks.

2. Lost interest income on OA balance, which you would have earned if the savings were not taken out from your CPF account. (CPF Board)

3. Principal CPF amount withdrawn for your property PLUS accrued interest, which you would have earned if the savings were not taken out from your CPF account, refunded back to your OA upon selling. (CPF Board) This means you will have less cash proceeds from the sales of your unit.

4. Lost the opportunity to probably earn higher rate of return if you were to use the remaining funds to invest elsewhere through a financial adviser.

Using CPF for downpayment is one of the common choice right? ..... unless you have lots of hard cash to spare with. Investment is always like that, either you gain more or less, worst case is to lose. No perfect strategy to ensure win win situation. Anyway if u plan to sell away in 10 years time, the risk is still there, either gain, lose or breakeven.

 

[celestialt05]

After looking at the price list this morning, really disappointed. I dun think I am proceeding with the balloting this sat. The stack I wanted for a 3 bdrm premium (1152sqf) was going for S$872k. This comes to $756.9 psf, more than the indicative price.

 

[ysh1985]

Anyone with the price list can drop me a PM? thank you

 

[Advancer]

Why do you say it doesn't attract second timers? I have to agree the pricing is reasonable.

Factor in resale levy, then it's almost same price as bellewaters.

 

[notti_me]

I would like to know the pricing too, pls pm me the list.. MTIA

 

[Advancer]

After looking at the price list this morning, really disappointed. I dun think I am proceeding with the balloting this sat. The stack I wanted for a 3 bdrm premium (1152sqf) was going for S$872k. This comes to $756.9 psf, more than the indicative price.

If u buy the same thing at bellewaters or vales will cost $50k more.

 

[celestialt05]

Yes, if I factor in the levy, I will be paying $912K for 3 bdrm which I get buy a 4bdrm at Amore.

 

[celestialt05]

ysh1985, I can't pm you the price list in PDF. Do you want me to send it to your email add?

 

[gAryLin]

If u buy the same thing at bellewaters or vales will cost $50k more.

The Vales doorstep LRT and nearer MRT though...

 

[ysh1985]

I suspect that is because my post count is low. How do I send you my email address?

 

[ysh1985]

Yes, if I factor in the levy, I will be paying $912K for 3 bdrm which I get buy a 4bdrm at Amore.

The problem with Amore is that it doesn't have many choices left. The 4 4-BRs are low floor facing Horizon Primary, which means that what you will see from your room will be a blank wall that goes up to lvl 6/7.

 

[celestialt05]

Can u pm me yr email?

 

[celestialt05]

Yes, that is the problem. Same for Vales, not much choices left.

 

[ysh1985]

ok, give me a while.

 

[celestialt05]

Hi, I have sent the price list of TC in PDF to those who pm me.

 

[gAryLin]

Yes, that is the problem. Same for Vales, not much choices left.

true. I am considering the PCs which is near SK mrt.

These ECs are priced 80-85% of the PCs which are located right smack at SK MRT. I personally dont think they are good buys.

 

[Homehunter]

can email to me?

thanks.

 

[ysh1985]

SL appears to have started working on how to extract the most value from the land when it secured the bid.

The psfs get higher as the sfs increase is because the bigger units have more inward facing stakes than the smaller units.

Types Total Inward Outward
4 Br 4 4 0
3 Br P3 3 2 1
3 Br P2 8 4 4
3 Br P1 15 7 8
3 Br 6 1 5

The 3 Br is priced competitively on the assumption that this type will be attract to first timers, who are likely budget conscious and require lesser space (as these buyers have smaller families).

On the other hand, the 4 Br and possibly the 3 Br P3, are targeted at second-timers, on the assumption that these buyers have bigger families and are more likely to stay for a relatively longer term, therefore they are more likely to fork out more money for “better quality living”.


Just my two cents worth.

 

[celestialt05]

Agreed. So, do you think is it worth buying a 3bdrm Premium 1152sqf at $872K + $40K levy?

 

[ChangWD]

Agreed. So, do you think is it worth buying a 3bdrm Premium 1152sqf at $872K + $40K levy?

My personal take, the price of the unit should not tagged with resale levy, the levy is we earn less instead of we pay more...