Treasure Crest

[grix17]

Near the Treasure Crest, there are 2 projects which still have quite a lot of units. The plus points for these units are the developers are giving discount as high as 3%. Some say 5% but maybe for some special units only.
So for Sim Lian to sell their project, they must have a nice layout and design and to price it right given the lousy location.

Waiting for July for the release.
If not good maybe will go for Visionaire which is in the North.

First, they should use the Wandervale blueprint. Pricing should not be an issue since the land bid price is way lower than the other two. Lastly, something unique to differentiate themselves.

Visionaire still has some good units except the prices are relatively steep. The smart home idea is still an unknown quantity but location is relatively good for an EC.

 

[asky2505]

First, they should use the Wandervale blueprint. Pricing should not be an issue since the land bid price is way lower than the other two. Lastly, something unique to differentiate themselves.

Visionaire still has some good units except the prices are relatively steep. The smart home idea is still an unknown quantity but location is relatively good for an EC.

I think it will be easily 80psf cheaper than visionaire but the downside is all 4 sides are still not developed. Must bear with the numerous construction for the next 5 to 10yrs.

Sent from sibeh sianz using GAGT

 

[Peace08]

Comparing Wandervale, Visionaire and Parc Life:

Wandervale ballot on 5 March - 250+ units
Visionaire + Parc Life ballot 23 / 30 April - together about 210 units

From the numbers, it seems like there is demand, but it is not strong. It may be grouped into regions as well.

Since Sengkang hasn't had a sales launch for a while, Treasure Crest has the potential to grab about 200. That's my prediction.

For Northwave, that scenario may apply since it is competing with V & PL. Even if prices are super low, it won't get more than 100 on launch.

Sengkang has 3 new EC: Bellewater, The Vales then Treasure Crest, in that order.

When the buyers hit 5/10 years, there will be easily 1,500 units out in the market for sales, in theory.

Try and sell one (esp. being the last to be launched) during that period. I am curious to see how many can earn big bucks from EC sales.

In the past, there were limited EC supply. Now EC is everywhere.

 

[Advancer]

Sengkang has 3 new EC: Bellewater, The Vales then Treasure Crest, in that order.

When the buyers hit 5/10 years, there will be easily 1,500 units out in the market for sales, in theory.

Try and sell one (esp. being the last to be launched) during that period. I am curious to see how many can earn big bucks from EC sales.

In the past, there were limited EC supply. Now EC is everywhere.

Don't be so negative, you talking as if all 1500 families will be selling at the same time....

 

[derong07]

I think most EC buyers are not thinking of making big bucks (but who doesn't want to if market is good). ultimately tat's not the objective of the govt for ECs. it is ideally for the 'sandwiched' class to enjoy an upgrade of lifestyle rather than plunging into the pte condo market. and personally, if a couple is over-qualified for a BTO flat, getting an EC is definitely a reasonable and logical choice as it is generally cheaper than pte condos in the same locality.

 

[grix17]

Sengkang has 3 new EC: Bellewater, The Vales then Treasure Crest, in that order.

When the buyers hit 5/10 years, there will be easily 1,500 units out in the market for sales, in theory.

Try and sell one (esp. being the last to be launched) during that period. I am curious to see how many can earn big bucks from EC sales.

In the past, there were limited EC supply. Now EC is everywhere.

Most people are not buying ECs primarily for capital gain. If so, they are likely to be the smaller units, which are in small supply. Contrast this to the private condos.

 

[saintgtril]

Most people are not buying ECs primarily for capital gain. If so, they are likely to be the smaller units, which are in small supply. Contrast this to the private condos.

Hi grix17, based on your experience, are you sharing that if one wants to invest in a EC, it makes sense to buy a smaller unit? Bigger units tends to be more family stay? I see that derong07 shares the same sentiment as you.

 

[grix17]

Hi grix17, based on your experience, are you sharing that if one wants to invest in a EC, it makes sense to buy a smaller unit? Bigger units tends to be more family stay? I see that derong07 shares the same sentiment as you.

Hi, I'm no expert but from gathering information everywhere and reasoning it out, it makes sense. I also work in an environment with many expats and have been able to use such info from our chats. But generally, most white-collar expats prefer condos to HDB.

Some people buy condos for rental income. Unless you can rent it out to a big expat family, a large unit will be wasted. Big expat families are more likely to rent landed property. Most likely, it will be single or couple or small families, and a 2 or 3-bedder is sufficient. It's not unusual to hear of young couples buying small units for future investment either to stay or rent out while staying with their parents or in-laws during the MOP.

I'm certain that in the past, many wealthy people snap up small condo units for rental income. With all the cooling measures and resale levies, this practice is now reduced.

I reason it out as a ratio between housing cost/monthly payment and rental income. A larger unit doesn't command significantly larger income, maybe a few hundred more only. Landed property, I think, can command much higher.

Conversely, those who buy 4-bedder and above should be long-term occupants, since HDB does not offer such units except for jumbo flats. In future, it will be difficult to sell off a 5-bedder as well unless one can find another large family to sell to or consider renting out rooms when children grow up.

 

[SKWSMC]

Where is the showroom located? Near the site?

 

[yeoster]

Hi, I'm also eyeing the Treasure Crest. I actually like The Vales location a lot, but was late to the game. When I went to see their showflat, not many good units left.

Bellewaters has nice landscaping, but the location is a bit off. But the no resale levy feature is attractive for me, although I don't know if they priced that in their sale price already.

 

[SKWSMC]

Hi, I'm also eyeing the Treasure Crest. I actually like The Vales location a lot, but was late to the game. When I went to see their showflat, not many good units left.

Bellewaters has nice landscaping, but the location is a bit off. But the no resale levy feature is attractive for me, although I don't know if they priced that in their sale price already.

The Vales location is much better but the balance units kind of lousy.
Bellewater 1 pool for relax, 1 pool for swim and 1 kid pool. With 600+ units, it is much better than the Vales which only has 1 main pool. The landscaping also award winning. But the price is higher even given the location.

 

[kzonexx]

Hi, I'm no expert but from gathering information everywhere and reasoning it out, it makes sense. I also work in an environment with many expats and have been able to use such info from our chats. But generally, most white-collar expats prefer condos to HDB.

Some people buy condos for rental income. Unless you can rent it out to a big expat family, a large unit will be wasted. Big expat families are more likely to rent landed property. Most likely, it will be single or couple or small families, and a 2 or 3-bedder is sufficient. It's not unusual to hear of young couples buying small units for future investment either to stay or rent out while staying with their parents or in-laws during the MOP.

I'm certain that in the past, many wealthy people snap up small condo units for rental income. With all the cooling measures and resale levies, this practice is now reduced.

I reason it out as a ratio between housing cost/monthly payment and rental income. A larger unit doesn't command significantly larger income, maybe a few hundred more only. Landed property, I think, can command much higher.

Conversely, those who buy 4-bedder and above should be long-term occupants, since HDB does not offer such units except for jumbo flats. In future, it will be difficult to sell off a 5-bedder as well unless one can find another large family to sell to or consider renting out rooms when children grow up.

I feel otherwise. there are plenty of 2 & 3 bedroom apartments around including HDB flats where as the 4 or 5 bedroom units are more rare. Overtime, society gets more affluent. The typical family will likely be husband+wife+2 kids + main which require 4 bedrooms. Even if 4 bedrooms are not required, its a common and increasing trend to convert 1 room to walk in wardrobe or playroom. Thus the 4 or 5 bedroom apartments provides the space n flexibility that is rare.

The price will be higher so number of demand is lower but this smaller group of ppl who wants space / more room is likely the group that is willing to pay higher premium.

If u look at mid range PC onwards like Silver Sea, the bigger units actually has a higher PSF.

But if buy to rent out, then I agree a 2 bedroom unit is the most efficient.

 

[Advancer]

Where is the showroom located? Near the site?

Showflat of treasure crest is located on site which will give buyers a good idea of its location.
Not an agent here but owner of Bellewaters instead. Haha.

 

[SKWSMC]

Showflat of treasure crest is located on site which will give buyers a good idea of its location.
Not an agent here but owner of Bellewaters instead. Haha.

Can be quite dusty then. The agent say the showroom will open in June.

 

[derong07]

Can be quite dusty then. The agent say the showroom will open in June.

will keep u guys posted.

 

[asky2505]

anyone knows how to see the latest URA plans? Tks

 

[grix17]

I feel otherwise. there are plenty of 2 & 3 bedroom apartments around including HDB flats where as the 4 or 5 bedroom units are more rare. Overtime, society gets more affluent. The typical family will likely be husband+wife+2 kids + main which require 4 bedrooms. Even if 4 bedrooms are not required, its a common and increasing trend to convert 1 room to walk in wardrobe or playroom. Thus the 4 or 5 bedroom apartments provides the space n flexibility that is rare.

The price will be higher so number of demand is lower but this smaller group of ppl who wants space / more room is likely the group that is willing to pay higher premium.

If u look at mid range PC onwards like Silver Sea, the bigger units actually has a higher PSF.

But if buy to rent out, then I agree a 2 bedroom unit is the most efficient.

My thinking is that 4-bedders will still be in demand but I don't think 5-bedders in resale EC will move as well. Those with the right budget have much more choice in the market like landed property. By the time they can afford, kids would be quite old too, so condo may not be the first priority.

 

[asky2505]

Latest info. Price est to be 750-780psf. 3 bedder is 89sqm, 3+u are 100sqm, 107sqm and 116sqm for 3+S. 4 bedder is 125sqm.
Layout similar and even better than wandervale.

Sent from sibeh sianz using GAGT

 

[SKWSMC]

What is the average psf for The Vales?
$750-$780 is not very low.

 

[derong07]

What is the average psf for The Vales?
$750-$780 is not very low.

based on the 256 caveats lodged till date, the ave. psf for Vales is ard $785psf.

Bellewaters is averaging ard $789psf based on the 417 caveats.