I was visiting Bluwater 2 showflat at Pasir Ris. By Novelty group.

I was just visiting the place for fun without intention to buy. I ask about the Penthouse and I was quoted $2,075,888 for #05-12 (2766 sq ft) which is not facing the sea.

Guess how much is #05-16 (2530 sq ft) which is facing the sea?

You are right.....just add $1 million to get a million dollar view.

#05-16 is now for sale at $3 million.:lol:

I was visiting Bluwater 2 showflat at Pasir Ris. By Novelty group.

I was just visiting the place for fun without intention to buy. I ask about the Penthouse and I was quoted $2,075,888 for #05-12 (2766 sq ft) which is not facing the sea.

Guess how much is #05-16 (2530 sq ft) which is facing the sea?

You are right.....just add $1 million to get a million dollar view.

#05-16 is now for sale at $3 million.:lol:


Is this development freehold or 999-leasehold?

In this case, it's 35% difference between seaview and no seaview.
If you look at the Marina Bay area, the difference is around 35-40% as well for bayview and cityview.
But I think in the Pasir Ris case, the difference could be too steep as the seaview over there can't compare to the Marina bay view. A 20% difference could make more sense.

The development is 999 yrs.

Aiyo,,,, even at 20% higher still need to sell at $2.4 million.

From what I know 9 penthouse , but 0 sold.

Maybe they are picing themself out of the market.

DTZ is having a hard time as price of this project is double the price of Bluwater 1 launch 1-2 year ago.

I was visiting Bluwater 2 showflat at Pasir Ris. By Novelty group.

I was just visiting the place for fun without intention to buy. I ask about the Penthouse and I was quoted $2,075,888 for #05-12 (2766 sq ft) which is not facing the sea.

Guess how much is #05-16 (2530 sq ft) which is facing the sea?

You are right.....just add $1 million to get a million dollar view.

#05-16 is now for sale at $3 million.:lol:

yah 2 years ago i went to see caribbean... same thing, sea facing unit is $2 million: $1 million for the unit, $1 million for the view.

I don't understand this thing about a view to the sea. Its not as if we have a shoreline to kill for or we are so landlocked, we get deprived from looking at water. Ever try staring at the sea when the setting sun hits, you'd go blind without shades.....

Sea view's nice, just not the greenish-blue-stagnant-waters type which are scattered with oil tankers, poverty stricken islands, and refineries. :D

One Month Ago............. I post a message
"The development is 999 yrs.

Aiyo,,,, even at 20% higher still need to sell at $2.4 million.

From what I know 9 penthouse , but 0 sold........"

@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

How things can change in 1 month.

Now the Penthouses in Jalan Loyang Besar started to sell like hot cakes. It is like someone just wake up and decide it is now a bargain & it is the right property to buy.

A new launch in Coastal View Residence have sold 4 penthouses before launch. (Actual Launch Date 13 July 2007)

$730 psf add up to $1.6 mio for a 2000+ sq ft penthouse. Wow $1.6 million use to buy a River Valley 3 bdroom condo back in 2004.

Bluwater 2 project also see a hugh crowd today. Maybe because it is a beautiful Saturday and everyone want a piece of the action.

Everyone just forget the investment theory "Location, Location, Lo......."

Although I stay around the same area but I look at my home as a unwise investment. Unwise as it is; the price have gone from $730,000 in Feb 2007 to $1.2 million.

Fellow clever investors......................as clever as all we can be, we tend to do stupid things especially when we move like a herd of buffalo. When one change direction, all start to move toward the new untested, unsecure area. When one fall into the great valley all will start jumping in without thinking whether it is a wise thing to do.

Allen Greenspan would have call this "Irrational Exuberance."

Just like Chicken Little says "The Sky Is Falling."

One Month Ago............. I post a message
"The development is 999 yrs.

Aiyo,,,, even at 20% higher still need to sell at $2.4 million.

From what I know 9 penthouse , but 0 sold........"

@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

How things can change in 1 month.

Now the Penthouses in Jalan Loyang Besar started to sell like hot cakes. It is like someone just wake up and decide it is now a bargain & it is the right property to buy.

A new launch in Coastal View Residence have sold 4 penthouses before launch. (Actual Launch Date 13 July 2007)

$730 psf add up to $1.6 mio for a 2000+ sq ft penthouse. Wow $1.6 million use to buy a River Valley 3 bdroom condo back in 2004.

Bluwater 2 project also see a hugh crowd today. Maybe because it is a beautiful Saturday and everyone want a piece of the action.

Everyone just forget the investment theory "Location, Location, Lo......."

Although I stay around the same area but I look at my home as a unwise investment. Unwise as it is; the price have gone from $730,000 in Feb 2007 to $1.2 million.

Fellow clever investors......................as clever as all we can be, we tend to do stupid things especially when we move like a herd of buffalo. When one change direction, all start to move toward the new untested, unsecure area. When one fall into the great valley all will start jumping in without thinking whether it is a wise thing to do.

Allen Greenspan would have call this "Irrational Exuberance."

Just like Chicken Little says "The Sky Is Falling."


Is called the March of the Lemmings.

When I was at the Casa Merah 3rd day launch in April, the price had gone up from the high end of 500+ to 600+ to 700+ in 2-3 days. At that time, I was surprised suburban like Tanah Merah selling at 700+ for pool facing ? :ohno:

If Pasir Ris is selling at 700+ now, does it means Casa Merah was sold at a discount in Apr ? In 2004-2006, can get freehold at Meyer Rd at this price.

Hey this is good. It will raise the prices of private housing in the Pasir Ris area. This area has severely lacked behind in price appreciation when compared to other areas...

One Month Ago............. I post a message
"The development is 999 yrs.

How things can change in 1 month.

Now the Penthouses in Jalan Loyang Besar started to sell like hot cakes. It is like someone just wake up and decide it is now a bargain & it is the right property to buy.

A new launch in Coastal View Residence have sold 4 penthouses before launch. (Actual Launch Date 13 July 2007)

$730 psf add up to $1.6 mio for a 2000+ sq ft penthouse. Wow $1.6 million use to buy a River Valley 3 bdroom condo back in 2004.

Bluwater 2 project also see a hugh crowd today. Maybe because it is a beautiful Saturday and everyone want a piece of the action.

Everyone just forget the investment theory "Location, Location, Lo......."

Although I stay around the same area but I look at my home as a unwise investment. Unwise as it is; the price have gone from $730,000 in Feb 2007 to $1.2 million.

Fellow clever investors......................as clever as all we can be, we tend to do stupid things especially when we move like a herd of buffalo. When one change direction, all start to move toward the new untested, unsecure area. When one fall into the great valley all will start jumping in without thinking whether it is a wise thing to do.

Allen Greenspan would have call this "Irrational Exuberance."

Just like Chicken Little says "The Sky Is Falling."

Have to agree its like the march of the lemmings..:lol:
However, just got a unit there couple days ago despite telling myself not to buy any more properties everyday for the past year..
Perhaps like how shctaw puts it, its kinda "unwise investment" but a "great place to stay"?? (the sentimental side of property buying seems to have gotten over me for this particular project)
Dunnoe of many other places in singapore where the beach park is literally 5mins walk away. Tho singapore dont really have a decent beach to boast of, a daily walk by the beach with the missus and the dog seems to be a pretty tempting scenario for evenings..
Other investments like sail and parc emily are purely investments.. Being a kampong kid in the east, staying in town doesnt really appeal to me..
But all that said, am vested and thus biased.
Any thoughts or comments from the gurus here?? :cheers:

Which project you buy?

Pasir Ris Condos at Jalan Loyang Besar last time cost $1 million for a 1200+ sq ft for a 3 bedders back in 2000.

Price have drop to historical low of $500,000 in 2003 with Casa Pasir Ris condo registering a 900 sq ft at only $320,000. How hard it have drop from 2000 to 2003.

I do not advice pasir ris for investment, however if you love the beach it is worth every cent you paid.

After stealing my home from a poor couple back in 2003 at half price, I start to study Pasir Ris. (especially Paris Ris Park)

There is 2 parts of condo in Pasir ris, Group 1 are those in JLB, while Group 2 are the A,B,C,D,E,F at Loyang Ave. (A for Azlea, B for Ballota, etc)

I find Group 1 is the best which is pratically inside Pasir Ris Park. Group 2 I do not want to comment because one men meat is another poison.

Go to URA at maxwell rd and you will know there is a big plan in Pasir Ris Park near Downtown east. I am not talking about the up-coming Cineplex. I am talking about the Beach.



Have to agree its like the march of the lemmings..:lol:
However, just got a unit there couple days ago despite telling myself not to buy any more properties everyday for the past year..
Perhaps like how shctaw puts it, its kinda "unwise investment" but a "great place to stay"?? (the sentimental side of property buying seems to have gotten over me for this particular project)
Dunnoe of many other places in singapore where the beach park is literally 5mins walk away. Tho singapore dont really have a decent beach to boast of, a daily walk by the beach with the missus and the dog seems to be a pretty tempting scenario for evenings..
Other investments like sail and parc emily are purely investments.. Being a kampong kid in the east, staying in town doesnt really appeal to me..
But all that said, am vested and thus biased.
Any thoughts or comments from the gurus here?? :cheers:

Which project you buy?

Pasir Ris Condos at Jalan Loyang Besar last time cost $1 million for a 1200+ sq ft for a 3 bedders back in 2000.

Price have drop to historical low of $500,000 in 2003 with Casa Pasir Ris condo registering a 900 sq ft at only $320,000. How hard it have drop from 2000 to 2003.

Has the price over at Pasir Ris now reach the 2000 peak ?

In an up market, it's easy to get influence to chase irrationally after an increasing price.
But when the market slows down, it's also easy to get stuck at the high price.
Even for investment, I think it's also important to assess and understand the average family earning income of most residents living in that area and their affordability and financial holding level when worst case market goes down.

The highest price ever transacted for Condos in Pasir Ris from 1998 till 2007 is $1.35 million. Size 2939 sq ft & it is a 99 years lease hold project call LightHouse.

However just 2 week ago, we have a transaction of a Penthouse in Bluwater 2 for $2.9 million. I am still trying to clearify with my DTZ agent. (The Penthouse is only 2300-2400 sq fts. This make the SEA-VIEW penthouse unit hit above $1000 psf.

I think the bull run have just hit the Urban Area. I have agent offering me $700,000 for my property with ready buyer in Pasir Ris. That property is my home office call Loyang Garden-1380 sq ft. I joke with him about selling at $850,000, he still reply "He will try his best...." I am shock.





Has the price over at Pasir Ris now reach the 2000 peak ?

In an up market, it's easy to get influence to chase irrationally after an increasing price.
But when the market slows down, it's also easy to get stuck at the high price.
Even for investment, I think it's also important to assess and understand the average family earning income of most residents living in that area and their affordability and financial holding level when worst case market goes down.

Which project you buy?

Pasir Ris Condos at Jalan Loyang Besar last time cost $1 million for a 1200+ sq ft for a 3 bedders back in 2000.

Price have drop to historical low of $500,000 in 2003 with Casa Pasir Ris condo registering a 900 sq ft at only $320,000. How hard it have drop from 2000 to 2003.

I do not advice pasir ris for investment, however if you love the beach it is worth every cent you paid.

After stealing my home from a poor couple back in 2003 at half price, I start to study Pasir Ris. (especially Paris Ris Park)

There is 2 parts of condo in Pasir ris, Group 1 are those in JLB, while Group 2 are the A,B,C,D,E,F at Loyang Ave. (A for Azlea, B for Ballota, etc)

I find Group 1 is the best which is pratically inside Pasir Ris Park. Group 2 I do not want to comment because one men meat is another poison.

Go to URA at maxwell rd and you will know there is a big plan in Pasir Ris Park near Downtown east. I am not talking about the up-coming Cineplex. I am talking about the Beach.

Totally agree on the group 1 and 2.. I got coastal view residences which i believe to belong to group 1. I know of the plans about the beach, and am quite excited by the prospects. tho not so much for capital appreciation, but the lifestyle it offers.

However, i do have my concerns on HOW LONG the plans will become a reality, seeing the road from jalan loyang besar to pasir ris drv 3 has been in the masterplan since '03, but still not much sign of it happening yet.

:cheers:

by the way, is loyang garden 99 or 999??
thanks in advance!

by the way, is loyang garden 99 or 999??
thanks in advance!

I am not sure, it is either 999 or free hold.

Totally agree on the group 1 and 2.. I got coastal view residences which i believe to belong to group 1. I know of the plans about the beach, and am quite excited by the prospects. tho not so much for capital appreciation, but the lifestyle it offers.

However, i do have my concerns on HOW LONG the plans will become a reality, seeing the road from jalan loyang besar to pasir ris drv 3 has been in the masterplan since '03, but still not much sign of it happening yet.

:cheers:

All plan stated must be completed within 10 years. Not a hard rule though. URA can play around with the dateline. However the road widening in progress now make sense that he project will be starting very soon. Will be complete by 2013.

Once the park connector complete, we may have a big party in Pasir Ris Park.

But a lot of residents here do not know about such thing.

Yeah.. for me staying so close to pasir ris park (the elias rd side) i don't know much about the going ons at the downtown east area, cept for that massive mall..

Well over at my side the prices of the private property here is still low, (terrace houses going for 900k or less, semi-Ds 1.1 to 1.2mil, so anything that will help appreciate the prices around this area will be welcomed i think..

You know.. looking at the HDB prices that we have in the east over the past ten years you could see a very drastic change in trend for pricing. In the 1996-1998 period pasir ris, tampines and bishan had the most expensive flats in singapore, but now i could see that its almost one of the lowest..

Any thoughts?

Yeah.. for me staying so close to pasir ris park (the elias rd side) i don't know much about the going ons at the downtown east area, cept for that massive mall..

Well over at my side the prices of the private property here is still low, (terrace houses going for 900k or less, semi-Ds 1.1 to 1.2mil, so anything that will help appreciate the prices around this area will be welcomed i think..

You know.. looking at the HDB prices that we have in the east over the past ten years you could see a very drastic change in trend for pricing. In the 1996-1998 period pasir ris, tampines and bishan had the most expensive flats in singapore, but now i could see that its almost one of the lowest..

Any thoughts?


Give it some time, fruit need time to ripe.:)
I still own a 4A HDB in Blk 514 Pasir Ris St 52 #14-xx. I have an offer of $298k, but I never intend to sell it.

For sentimental reason and also just in case my investment, business & venture all fail, I still have my flat to live in.

I am not sure, it is either 999 or free hold.



All plan stated must be completed within 10 years. Not a hard rule though. URA can play around with the dateline. However the road widening in progress now make sense that he project will be starting very soon. Will be complete by 2013.

Once the park connector complete, we may have a big party in Pasir Ris Park.

But a lot of residents here do not know about such thing.

That's the one thing that's really interesting, and the reason of purchase despite this red hot property market. :cheers:

That's the one thing that's really interesting, and the reason of purchase despite this red hot property market. :cheers:

I think we can still find bargain in Pasir Ris. The new launch are around $750 psf but we can still find a bunch of the properties there for sale at $500 psf and below.

If properties in Pasir Ris can sell at $750 psf, those in Tenah Merah, Bedok, Kembangan should be at least $900 psf.:lol:

Do not expect to flip Pasir Ris, it will be a nightmare. :bash:

I think we can still find bargain in Pasir Ris. The new launch are around $750 psf but we can still find a bunch of the properties there for sale at $500 psf and below.

If properties in Pasir Ris can sell at $750 psf, those in Tenah Merah, Bedok, Kembangan should be at least $900 psf.:lol:

Do not expect to flip Pasir Ris, it will be a nightmare. :bash:

:lol: totally agree.
was at bluwaters2 showflat yesterday, and think around 35 units have been sold..

Went to Jalan loyang besar to "measure" distances with the car's odometer today.
Its a 1.8km from coastal view residences to pasir ris mrt. passing by downtown east resorts, chalets, town park and the upcoming mall on the way.
Less than a minute walk to the beach carpark, and 4minutes walk to the actual beach. :banana:
Btw Prof Yu, other than actually visiting URA, any website or other places where we can see the plans of pasir ris park? Went thru the URA online site and cant seem to find what i'm looking for.. many thanks in advance!!:cheers:

http://www.ura.gov.sg/ppd/mp2003/index.jsp

http://spring.ura.gov.sg/dcd/eservices/sop/main.cfm?view=mpview

Not just pasir ris. It is about the whole Singapore. Shhhhh...... do not let other know OK.

My name 余博士 come about because I always loss in Mahjong. I am no professor hor. I am Old Thick. (Convert to chinese plesae)

http://www.ura.gov.sg/ppd/mp2003/index.jsp

http://spring.ura.gov.sg/dcd/eservices/sop/main.cfm?view=mpview

Not just pasir ris. It is about the whole Singapore. Shhhhh...... do not let other know OK.

My name 余博士 come about because I always loss in Mahjong. I am no professor hor. I am Old Thick. (Convert to chinese plesae)

kekeke.. :lol:
thx for the leads!!
should have a friendly game of mahjong sometimes then!:lol:

I
If properties in Pasir Ris can sell at $750 psf, those in Tenah Merah, Bedok, Kembangan should be at least $900 psf.:lol:
:

shctaw, care to share your insight on why is that?? other than historical prices, i dont really see the premium TM, bedok, etc have over pasir ris..
many thanks in advance!

Pasir Ris so ULU can go $750, other area closer to city should sell higher liao.

when still in uni, we saw a demo on a monte carlo simulation on property and prices, and the factors that went into it includes distance to malls, convenience stalls, schools, amneties, parks, highways, and major roads etc etc..

but that of cos is in an Australian context.. in singapore we would probably have to add distance to singapore pools outlet. :lol:

Weightage was given to each factor, and trust me, there were like hundreds of factors all with its different weightage... weightage was derived from historical prices of all the units for a 40-50 km radius from city center..
as you can imagine, the software was pretty heady...

To cut a long story short, i thought the few points that stood out were:
1)Distance (price relative) were measured mainly by minutes, followed by convenience (ease to expressways/main roads), followed by kilometers.

2)eateries, parks, recreational centers, and basically amneties that bring out the feel good or lifestyle factors, have had a surprisingly high weightage and correlation with higher prices ESPECIALLY for residential units.
Or Perhaps singaporeans have a distance to go before we catch up of Quality of Life as compared to aussies??:ohno:

3)type of housing/building in the vicinity plays an important part too. A neighborhood with mainly high end residentials tend to command a premium versus a similar beautifully build up unit in an old weary estate. (reminds me of the points forummers brought up in CSR and PE thread with regards to foreign workers/proximity to little india etc..)

with the above points to consider, east coast, sigalp, telok kurau etc will definately have a premium.. but bedok, tanah merah, kembangan?? I realise the prices reflected for these areas are higher as of now, tho i question the underlying reason (like how citylight units are asking more than parc emily or sail city facing units), and am really keen on how gurus here price their investments and what is it that i'm missing out and not seeing...

many thanks in advance!!:)

got the below abstract from http://forums.condosingapore.com/showthread.php?t=1682
i didnt write that.:lol:

Quote:
Originally Posted by Unregistered
Location location location..
as the population matures, and focus becomes lifestyle orientated, guess where people will like to stay?
Singapore is an island, so seaviews and "near" waterfront living is abundant (altho at hefty prices), but i cant seem to find many that is actually 3mins walk to the beach park and the beach itself.. even east coast park is separated by ECP from the condos in the area.
City living and cityfringe areas has its own appeal, just like sentosa cove, east coast, and dare i say pasir ris (specifically jln Loyang Besar), each will have their own mkt demographics and segments.


I agree. jln loyang besar (JLB) is so walkable to the beach and you don't have to cross a highway to reach it. It is from 1 to 5 minutes walk for the condos along jln loyang besar. I was considering a unit here and the one at Duchess Residences (DR) at Bukit Timah. I did a small comparison for my own purpose (and may not work for everybody) just on the location:

- it takes me 1 hr to drive home from my office at Raffles Place to DR due to some traffic clots along the way (BT Timah Rd). It takes me only 30 mins to JLB despite some traffic clots along ECP. When the new highway linking Marina to TPE, it will be even shorter.

- When I was jogging along Bt Timah (I live there), I always thought it would be great if one side was the sea. JLB provides me that.

- Blocked by Hwa Chong hostel. Quite deep in from main road but exclusive and among bungalows and other condos. JLB - Walk 5 minute - beach. Walk 10 minutes - brand new Mall and downtown east. Yet in an exclusive quiet area among condos and all low-rise types.

Also, the price is only one third that of DR (about $2500 psf). It was a no-brainer for me. I count myself lucky that JLB is still not infested with foreigners and speculators, but I think as lifestyle becomes more dominant and anywhere in S'pore becomes convenient and congested, JLB's location will become a very hot beachside residences.

Just went to kay poh kay poh again.. coastal view sold 65% and bluwaters2 sold 60plus% already.. Looks like there are still a few nice penthouses at bluwaters2.
BTW, another old town house cluster along that stretch just enbloc i think.. wonder what kind of launch prices they will be looking at...

"citylight units are asking more than parc emily"
Really? That's crazy. What's the reason?

"citylight units are asking more than parc emily"
Really? That's crazy. What's the reason?

that's what i'm trying to find out myself..:lol:
:cheers:

Guess some are just tryng their luck. For the same price, you can get better units at newton/novena area. :D

"citylight units are asking more than parc emily"
Really? That's crazy. What's the reason?

Guess some are just tryng their luck. For the same price, you can get better units at newton/novena area. :D

That's the effect of the Greater Marina !
Citylights is tall enough, close to Kallang bay with bay and sea view, beside MRT which is just 2 stops from Cityhall.

Is Parc Emily that good compared to Citylights ?
Surrounding ambience is pretty old as well although there are changes happening in progress.
Parc Emily is too short for any good view, and that garden is pretty old and small, although quiet.
Got to walk pretty far for a nearby MRT, although got lots of bus service though.

I am not vested, so just a personal observation.

Just went to kay poh kay poh again.. coastal view sold 65% and bluwaters2 sold 60plus% already.. Looks like there are still a few nice penthouses at bluwaters2.
BTW, another old town house cluster along that stretch just enbloc i think.. wonder what kind of launch prices they will be looking at...

The price in Jalan Loyang Besar just when up again after those new projects start to fly off the shelve. Now it is harder to get anything at bargain price unlike 2 months ago when everything still look reasonable.

I still believe it is not a good place for investment, yet I know a couple whom have bought 2 units. I ask them why not buy in district 1,9,10,11? They claim there is a high price tag to pay.

I just hope when the market correct, they are able to hold on to their purchase.

One issue I discover is that, people whom came to the showroom always feel that if the developer price it that high, that price must be currect. They never thought that those developer are there to maximise their profit hence passing alot of risk to the buyers.

I bet there will be more enbloc in Jalan Loyang Besar, I think we have 5 enbloc to date. I will not be surprise I may get an enbloc too, and if that really happen, I may choose to buy in Marina Bay again.

In the yesterday's Chinese Newspaper, it summarized a story. I translates as below :

Long long time ago, there lived a remote mountain village with lots of lively moneys nearby.

A businessman came into the village offering to buy $10 per monkey.
The villagers went out in full force to capture the monkeys for money.
The businessman bought a few thousands monkeys.

Monkey became scarce and more difficult to catch.
The villagers had less incentive, and went back to farm.

The businessman then raised the offer price to $20.
The villagers went out in force again to capture the monkeys.

Monkey got less and even more difficult to capture one.
The businessman raised the office price again to $25.

After a while, the villagers returned back to farm again as there is hardly any monkey left.
The businessman raised the offer price to $50.

The businessman returned back to town but left his assistant behind to continue the trade.

The assistant told the villagers, " I can sell the monkeys the businessman had bought to all of you at $35. You can sell the monkeys to the businessman when he came back at $50. "

The villagers were very happy and thought they had a big bargain. They queued up to pay with all their savings to buy back all the monkeys from the assistant.

The assistant went back to town.
The villagers wait and wait for the businessman, but he never returned back to the village.

The village was back with all the lively monkeys all over the places, but all the villagers had lost all their life long savings.


========

In the yesterday's Chinese Newspaper, it summarized a story. I translates as below :

Long long time ago, there lived a remote mountain village with lots of lively moneys nearby.

A businessman came into the village offering to buy $10 per monkey.
The villagers went out in full force to capture the monkeys for money.
The businessman bought a few thousands monkeys.

Monkey became scarce and more difficult to catch.
The villagers had less incentive, and went back to farm.

The businessman then raised the offer price to $20.
The villagers went out in force again to capture the monkeys.
Monkey got less and even more difficult to capture one.

The businessman raised the office price again to $25.
Monkey became less and less, and the businessman had raised the offer price to $50.

After a while, the villagers returned back to farm again as there is hardly any monkey left.

The businessman returned back to town but left his assistant behind to continue the trade.

The assistant told the villagers, " I can sell the monkeys the businessman had bought to all of you at $35. You can sell the monkeys to the businessman when he came back at $50. "

The villagers were very happy and thought they had a big bargain. They queued up to pay with all their savings to buy back all the monkeys from the assistant.

The assistant went back to town.
The villagers wait and wait for the businessman, but he never returned back to the village.

The village was back with all the lively monkeys all over the places, but all the villagers had lost all their life long savings.


========

Does the above story tells us about the current hot stock and property market situation ?

If I am the farmer, I will breed monkeys.:lol:

Import from oversea.:lol:

OEM Monkeys.:lol:

PS: This remind me of the shares of Centillion bought by Oei Hong Leong & Second chance at half a cent and selling them in market from 12 cents to 20 cents.

That's the effect of the Greater Marina !
Citylights is tall enough, close to Kallang bay with bay and sea view, beside MRT which is just 2 stops from Cityhall.

Is Parc Emily that good compared to Citylights ?
Surrounding ambience is pretty old as well although there are changes happening in progress.
Parc Emily is too short for any good view, and that garden is pretty old and small, although quiet.
Got to walk pretty far for a nearby MRT, although got lots of bus service though.

I am not vested, so just a personal observation.

Just to correct one thing. Parc Emily is only 12-15 mins walk away from Dhoby Ghaut MRT and 5 mins walk to Little India MRT. How about comparing no of stops from Orchard rather than City Hall? :cheers2:

Just my personal opinion: There are surrounding shophouses (very similar to the ones found at Tanjong Pagar conservation shophouses). They are old but conserved with taste. Very much in line with the govt intention to build an Arts and Education Hub around that area.

Actually do not see the reason why these projects are being picked for comparison. In what ways are they similar?