How come people so rich?

[Scb11980]

Business Times - 28 Feb 2012

 

More projects prepare for launching

 

Hong Leong sells 160 units at Bartley Residences at average $1,240 psf

 

By KALPANA RASHIWALA

 

(SINGAPORE) Even as Hong Leong Group is understood to have sold about 160 units at Bartley Residences last week, other developers are getting ready to roll out their projects in the next few months.

 

These include Tuan Sing's Seletar Park Residence; Far East Organization's Greenwood Mews (a 62-unit cluster housing development in the Bukit Timah area) and 416-unit Hillsta condo in Choa Chu Kang; and Frasers Centrepoint's Palm Isles condo at Flora Drive in the Upper Changi area.

 

Those looking for strata office units can also check out Far East's PS100 next month, which will comprise 100 units of 402 sq ft to 507 sq ft spread across five levels (7-11) of a 27-storey tower at Peck Seah Street near Tanjong Pagar MRT Station. The tower will also include the 314-room Oasia Downtown Hotel. The strata offices will have a floor-to-floor height of about five metres - higher than the 3-3.5 metres for typical offices.

 

PS100 is slated for completion next year.

 

Over in Seletar, Tuan Sing is expected to preview around mid-March its 99-year leasehold condo, Seletar Park Residence. Pricing for the 276-unit, five-storey development is expected to take after The Greenwich next door, where transactions have ranged from $1,244 psf to $1,512 psf over the past four months based on caveats data. However, as an analyst points out, half of The Greenwich's 319 units are one bedders, allowing higher per square foot pricing to be extracted.

 

As for Seletar Park Residence, 93 or a third of the project's units are one-bedders. The project has 113 two-bedders, 46 three-bedders and 24 four-bedroom apartments.

 

The project is being designed by award-winning SCDA Architects. Tuan Sing is developing Seletar Park Residence on a site that it clinched at a state tender in December 2010 for $468 per square foot per plot ratio (psf ppr).

 

'We are preserving a row of raintrees on the site and will design a board walk and tree house around them, as part of our 'green' and sustainability efforts. We will also include a golf driving simulator room in our project,' said Tuan Sing chief financial officer Chong Chou Yuen.

 

The group also has another 99-year leasehold condo plot, next to Potong Pasir MRT Station, on which it is planning a project of about 312 units, including townhouses. A launch is likely around end-June, said Mr Chong. The project is being designed by MKPL Architects.

 

Tuan Sing has a third residential project, at the freehold Serene House site in the Cluny Park Road area opposite Botanic Gardens MRT Station. The 63-unit low rise project is likely to be released towards end-September, Mr Chong estimated.

 

For the whole of last week (Feb 20-26), Far East sold 66 units including joint venture projects. The three top-selling projects were Watertown in Punggol (17 units), The Hillier in the Hillview area (14 units) and euHabitat at Jalan Eunos (four units sold). To date, 917 of Watertown's 992 units have been taken up since sales began in January. As for The Hillier, 446 of its 528 units have found takers, while the 748-unit euHabitat has seen 651 units being snapped up.

 

Hong Leong meanwhile is said to have sold some 160 units at Bartley Residences since Tuesday last week. The average price after discounts is $1,240 psf.

 

 

[Unidentified]

the last crusade before price drop even further!

 

MORE GOOD YEARS AHEAD!

Edited February 28, 2012 by Unidentified

[Gearoil]

the last crusade before price drop even further!

 

MORE GOOD YEARS AHEAD!

 

Envy and jealousy won't get you anywhere..

 

Notice HOW others are doing much better..and getting better..

 

And you have stagnanted and going downhill?

 

Now what went wrong?

 

[Chrispie]

people keep trying to project the fall.

 

but facts has proven again and again otherwise. Seems like most are so used to the bad news that as long as the worst case scenario has been considered, there is nothing to be afraid of in buying a property.

[Ben5266]

the last crusade before price drop even further!

 

MORE GOOD YEARS AHEAD!

Yes... I also think the developers are clearing their position before the winter.

 

If the fundemental is still strong, there is not need to rush.

http://www.channelnewsasia.com/stories/sin...1160446/1/.html

Secured the site in Nov2011 and VVIP launch this week.

That's super efficient!

[SimonTan]

These buyers are not stupid.

They must have some insights about the property movement.

 

If we predict the price will drop 15-20% by 2014. Tell me what will happen from there onwards? What goes down will go rise up again.

If prices recover by 2016, then the worries now will be fruitless and needless.

It's a self fullfilling catch-22, every home owner in Singapore will want their properties to rise gradually, and most will keep support then gov and it's policy to ensure the properties will keep rising.

If we adhere to this theory, then surely anytime is a good time to buy properties in Singapore!!!

 

[Unidentified]

Envy and jealousy won't get you anywhere..

 

Notice HOW others are doing much better..and getting better..

 

And you have stagnanted and going downhill?

 

Now what went wrong?

 

haha.you kept saying others are doing better than me.you must be my 知己.

i am just driving a QQ and feel with jealousy and envy from my hdb flat when others are buying million dollars apartment.

 

 

[Jrage]

These buyers are not stupid.

They must have some insights about the property movement.

 

If we predict the price will drop 15-20% by 2014. Tell me what will happen from there onwards? What goes down will go rise up again.

If prices recover by 2016, then the worries now will be fruitless and needless.

It's a self fullfilling catch-22, every home owner in Singapore will want their properties to rise gradually, and most will keep support then gov and it's policy to ensure the properties will keep rising.

If we adhere to this theory, then surely anytime is a good time to buy properties in Singapore!!!

 

These buyer are seriously stupid.. did you see the layout? 110sqm of which close to 15% is balcony & aircon ledge.. The 3 bedrm is actually super small (> 90sqm, even smaller than 4-rm flat..not forgetting that it has 3 toilets! ) and the furnishing are all the lousy brand.. not even marble flooring?!? and asking for >1200psf...

the worse thing is that the agent say.. 2-bedrm can rent out for $4k.. which is the biggest joke..

 

At least if you buy from far east, there is a plan... they have soho , service apartment within the same development. Soho is not residential and prices shld continue to grow.. service apartments will keep the rental for the development on a higher side.. Even the furnishing looks better.. :| I rather pay $1.2k psf for seahill than this bartley residence... :| *gosh*

Edited February 28, 2012 by Jrage

[SimonTan]

I like my future private property to have a large belcony. Can see the moonlight at night.

Still holding back the Hillier decision.....will wait for the price to soften a bit more.

[KARTer]

I like my future private property to have a large belcony. Can see the moonlight at night.

Still holding back the Hillier decision.....will wait for the price to soften a bit more.

neighbors' large balconies may also be used for sun tanning in bikinis by their wife, daughters etc etc, even their maid? you look at them, they look at you...

[KARTer]

I have no reasons to fully believe these sales figures.... no matter how authetic they may appear

 

full page adverts are common everyday in local neswspaper... why are developers spending such big money to promote sales?

[Jchuacl]

Big car park lot better as can suntan on the car bonnet 8)

 

neighbors' large balconies may also be used for sun tanning in bikinis by their wife, daughters etc etc, even their maid? you look at them, they look at you...

 

[Toothiewabbit]

These buyer are seriously stupid.. did you see the layout? 110sqm of which close to 15% is balcony & aircon ledge.. The 3 bedrm is actually super small (> 90sqm, even smaller than 4-rm flat..not forgetting that it has 3 toilets! ) and the furnishing are all the lousy brand.. not even marble flooring?!? and asking for >1200psf...

the worse thing is that the agent say.. 2-bedrm can rent out for $4k.. which is the biggest joke..

 

At least if you buy from far east, there is a plan... they have soho , service apartment within the same development. Soho is not residential and prices shld continue to grow.. service apartments will keep the rental for the development on a higher side.. Even the furnishing looks better.. :| I rather pay $1.2k psf for seahill than this bartley residence... :| *gosh*

These people are neither stupid or otherwise. They just have the liquidity (at least the down payment) to invest and hope that their projections are correct. Know of people who got it wrong and likewise, someone I know who rented out 3 bedrooms with 2 double-decked beds each room to Cheena students who each pays 1k per month.

Edited February 28, 2012 by Toothiewabbit

[SimonTan]

This is another really rich man!! 22 years old leh.....truely rich singaporean.

Is his reputation so important than $97,000? 22years old got reputation or not? Rich man son perhaps.

Can fully paid a new car.

I wonder even if the women and scammers were to go to jail....will he ever get back the $97,000?

 

Rather he had give it to the ATB....he will be shiok until limbek for the past 9months every night.

 

 

 

 

 

AsiaOne

Tuesday, Feb 28, 2012

Three men and three women who are believed to have extorted money from their victims by threatening to expose their naked photos have been arrested.

 

A 22-year-old victim lodged a police report on 26 February after a group of people have been extorting money from him over the past nine months.

 

The man had befriended a woman on Internet chat room, Alamak.com sometime in May last year. He started a webcam conversation with her, and was persuaded to appear naked on the webcam.

 

Unknown to him, the woman recorded the footage and threatened to circulate his photos online if he did not transfer money to her.

 

The man complied and transferred a total of $5,000, but the extortion did not stop.

 

In all, he transferred a total of $97,000 to various bank accounts provided by the woman over nine months in more than 80 transactions.

 

Police located and arrested four members of the syndicate at a unit of Blk 32 Marsiling Drive early this morning at 4am. The other two were arrested later on Tuesday at 3.30pm around Ang Mo Kio.

 

The six, aged between 17 and 47, are also believed to be responsible for extorting money from at least four other victims using the same ruse. They managed to extort a total of $100,000.

 

A 22-year-old man and a 17-year-old woman, will be charged in Court on Wednesday for extortion. If convicted, they face a jail term of up to seven years and caning. Investigations are still on-going for the remaining suspects.

[Kusje]

Sounds like he is damn rich. Why else would his reputation be worth 100k? If my naked photos are exposed, I will just ignore it because no one even knows who I am.

[KARTer]

Big car park lot better as can suntan on the car bonnet 8)

OMG!! bikini-clad TOASTED char siew!!

[Tuna_seng]

SCDA architects designing the Serene House condo ah? Wah.... Super high end leh......

[Rockaphonics]

These buyers are not stupid.

They must have some insights about the property movement.

 

If we predict the price will drop 15-20% by 2014. Tell me what will happen from there onwards? What goes down will go rise up again.

If prices recover by 2016, then the worries now will be fruitless and needless.

It's a self fullfilling catch-22, every home owner in Singapore will want their properties to rise gradually, and most will keep support then gov and it's policy to ensure the properties will keep rising.

If we adhere to this theory, then surely anytime is a good time to buy properties in Singapore!!!

 

What type of thinking is this?

Good, keep thinking like that, we need pple like you to absorb the last demand before price can make a correction.

If there are so many smart investors, there wont be any poor pple left in singapore.