Treasure Crest

[PostCountWarrior[+1]]

I 101% not property agent.

Using High Park Residences as an example

The median psf of 3-bedroom is about $915 psf while 4-bedroom is about $880 psf.
Median means 50% of the 3-bedroom is less than $915 psf and 50% of the 3-bedroom is more than $915 psf ...

Source:
http://www.propertyguru.com.sg/new-project-launch/reviews/high-park-residences-review-111264

Typically, new ECs should be priced about 20% cheaper than comparable private condos given the various restrictions of new ECs and the lower land cost for new ECs.

Applying a 20% discount, one should be able to determine the median psf of new ECs.

One may argue whether High Park Residences is a good benchmark.

I chose it because:
It was the last private condo launched in Sengkang
It has 3-room and 4-room units available
It is next to a LRT and has 118 facilities

Hope it will give yet another perspective on what should be a reasonable price for new ECs.

Ultimately, potential buyers have to judge whether it is a good buy or not, whether new ECs or private condos.

like that discount only around 13-14% only....might as well dont put discount...

 

[plushiesworld]

how is the crowd like?

 

[Pynchmail]

like that discount only around 13-14% only....might as well dont put discount...

I calculated the discount is 19% before grant. TC average is $742. Highpark median for 3 rooms is $915. This is close to the approximately 20% discount expected.

 

[ecobuyer]

Should use median psf
This is maths
Just apply 80% or 0.8 x 880 psf for a 4 bedrm and 0.8 x 915 psf for a 3 bedrm

For second timers, ve to consider resale levy if applicable.

Resale levy is non refundable but absd is refundable for singaporean couples with existing property.g

 

[PatrickTheStarFish]

how is the crowd like?

See alot of jin satki Singaporean pursuing the condo dream at TC ballot today, Jin jelly

 

[Urahara86]

Wahsey how on earth did u guys manage to shortlist sooooo many units?? I only manage 5! It's take it or leave it situation later haha....good luck to all!

super crowded today!! just dropped the ticket

 

[ChangWD]

super crowded today!! just dropped the ticket

Ya! I think the launch is successful!

 

[Homehunter]

any idea how many balloting ticketing drop in already?

 

[Urahara86]

any idea how many balloting ticketing drop in already?

easily more than 100..

 

[Urahara86]

Ya! I think the launch is successful!

Hi changwd! hahas

 

[AAA1305]

easily more than 100..

The lesser the better!

 

[Urahara86]

The lesser the better!

doesnt look like so! live reporting from the ground! they have stop people into the tentage with the crowd swelling!

did all of the potential buyer make a killing in recent share market rally? haha!!

 

[PostCountWarrior[+1]]

easily more than 100..

guys grab it as fast as u can! else u lose out!!!!

 

[PostCountWarrior[+1]]

I calculated the discount is 19% before grant. TC average is $742. Highpark median for 3 rooms is $915. This is close to the approximately 20% discount expected.

Should use median psf
This is maths
Just apply 80% or 0.8 x 880 psf for a 4 bedrm and 0.8 x 915 psf for a 3 bedrm

For second timers, ve to consider resale levy if applicable.

Resale levy is non refundable but absd is refundable for singaporean couples with existing property.g

lol selectively use the higher psf of 915 to justify discount.... if use 880 then TC shld be launching at 704 after discount of 20%.

 

[ChangWD]

easily more than 100..

I think it hits 100% ballot ticket dropped... dunno still have the unit we want or not...

 

[Kuinny]

doesnt look like so! live reporting from the ground! they have stop people into the tentage with the crowd swelling!

did all of the potential buyer make a killing in recent share market rally? haha!!

Ya maybe...when the stock market rally, it helps with the buying sentiment

So this TC launch at the right time lolx

 

[Urahara86]

I think it hits 100% ballot ticket dropped... dunno still have the unit we want or not...

no worries chang! buy based on what you have selected with your wife/hubby! do not be pressured to commit on the spot for those not within your selection!

stay strong!

 

[Urahara86]

Ya maybe...when the stock market rally, it helps with the buying sentiment

So this TC launch at the right time lolx

developer laughing to their banks!

 

[ecobuyer]

That's why there are still upcoming EC and private condo to be launched in Sengkang next year to cope with the demand.

The government is trying the best to manage property prices by launching quite a number of EC land parcels in the past years. This will help to moderate not just private property prices but also HDB resale prices as HDB sellers have to sell HDB flats come TOP of ECs. This is killing 2 birds with 1 stone.

Already, we are seeing private condo prices dipping in Sengkang. For example, Rivertree, Riverbank private condos when launched 2 years ago were sold for more than $1,000 psf but High Park Residences when launched last year fetched $880 psf - $915 psf (median psf for 4 bedroom and 3 bedroom respectively).

[The new EC is opposite the stretch of H20, Rivertree and Riverbank private condos in Sengkang]

The new private condo is next to High Park Residences private condo, LRT and faces a park]

 

[d2rkbear]

guys grab it as fast as u can! else u lose out!!!!

60 tickets call now!
Good luck