Southbank (40 floors, due 2010) - Page 31

infinity88 · June 30th, 2009, 10:17 AM

Quote:

Originally Posted by colourbox

The surrounding HDBs must go. The area needs a spruce up. Too bad the ICA is there and attracts certain types of traffic.

If the surrounding HDBs were to be torn down, there will likely be MORE high rise buildings above 40 storeys to be built, by which time the Kallang view and City view will be blocked.

darwisk · June 30th, 2009, 10:23 AM

Quote:

Originally Posted by infinity88

If the surrounding HDBs were to be torn down, there will likely be MORE high rise buildings above 40 storeys to be built, by which time the Kallang view and City view will be blocked.

Don't worry it will never happen in 20-30 years time. It is a very costly move to tear down the HDB and relocate them. Government will never do that. This is the price that condo owners in this area have to live with. You are buying lavender area, thus the price. Not river valley nor bukit timah without the HDB.

infinity88 · June 30th, 2009, 11:26 AM

Quote:

Originally Posted by darwisk

Don't worry it will never happen in 20-30 years time. It is a very costly move to tear down the HDB and relocate them. Government will never do that. This is the price that condo owners in this area have to live with. You are buying lavender area, thus the price. Not river valley nor bukit timah without the HDB.

I do believe the tear down will not occur in the near future. The govt will instead focus on the land sale across the canal in probably 3 to 5 years time.

Wils · June 30th, 2009, 01:23 PM

Quote:

Originally Posted by infinity88

If the surrounding HDBs were to be torn down, there will likely be MORE high rise buildings above 40 storeys to be built, by which time the Kallang view and City view will be blocked.

Actually ICA building is at a distance and only busy during weekday daytime, and the 2 nearby hdb estates are quite small. In no time there will be more condo blocks than hdb in the area. Meanwhile these hdb estates are also providing some neighborhood shops and eateries that can be a good alternative as well as being handy at times.

Based on past records, the hdb blocks may be en-bloc and rebuilt (perhaps in 10-15 years time?).... or may be URA has a longer term plan to revamp the entire area all the way to the Ophir road (which is to be transformed in the current master plan).

DC33 · July 1st, 2009, 05:12 AM

Quote:

Originally Posted by Wils

Actually ICA building is at a distance and only busy during weekday daytime, and the 2 nearby hdb estates are quite small. In no time there will be more condo blocks than hdb in the area. Meanwhile these hdb estates are also providing some neighborhood shops and eateries that can be a good alternative as well as being handy at times.

Based on past records, the hdb blocks may be en-bloc and rebuilt (perhaps in 10-15 years time?).... or may be URA has a longer term plan to revamp the entire area all the way to the Ophir road (which is to be transformed in the current master plan).

The land of those HBD flats belongs to HDB. So,HDB may just decide to en-block and relocate the residents as the flats are only 12 storeys. This is happening in Toa Payoh, Queenstown, Ghim Moh, etc. HDB may want to make more money by having DBSS given the good view and close proximity to town. With the development at South beach and Concourse skyline, price will escalate with time in this area.

liveartz · July 1st, 2009, 09:39 AM

Redhill also got many HDBs but the prices are still up, now rooting for $1300psf for the new launch at Ascentia. So the main importance is still the location, location, location. What's more Southbank is within the greater Marina Bay development plan, so upside here is potentially higher.

darwisk · July 2nd, 2009, 12:09 PM

Quote:

Originally Posted by liveartz

Redhill also got many HDBs but the prices are still up, now rooting for $1300psf for the new launch at Ascentia. So the main importance is still the location, location, location. What's more Southbank is within the greater Marina Bay development plan, so upside here is potentially higher.

Lavender-Kallang-Paya Lebar is definitely on different class with Tiong Bahru-Redhill-Commonwealth.. Can't really compare

mcmlxxvi02 · July 2nd, 2009, 11:21 AM

Whichever the case I think buying SB at today's rate of 1000-1200psf is not worth considering launch price was only 700psf...?

DC33 · July 2nd, 2009, 12:00 PM

Quote:

Originally Posted by mcmlxxvi02

Whichever the case I think buying SB at today's rate of 1000-1200psf is not worth considering launch price was only 700psf...?

I believe it is difficult to say whether it is worth it. It is relative. Look at the sail, the current price is almost 2 - 3 times of the launch price. I have a landed property that cost only $20,000 about 25 years ago. Now it is more than 100 times of it. Is it worth it. Of course, it is Yes.

infinity88 · July 6th, 2009, 06:50 AM

Quote:

Originally Posted by mcmlxxvi02

Whichever the case I think buying SB at today's rate of 1000-1200psf is not worth considering launch price was only 700psf...?

Just because the launched price (a few years ago) was low as compared to now does not sound like a logical way to make investment decision.

cnud · July 6th, 2009, 10:06 AM

In terms of location - TB/Redhill better or Kallang/Paya Lebar?

LittlePig · July 8th, 2009, 05:34 AM

guys, do you think the Kallang Basin-Greater Marina Bay area (SouthBank, Riverine by the Park) when fully developed with its sports hub etc will surpass Robertson Quay-River Valley area (River Place, RiverGate, Domain 21) in terms of psf?

august5 · July 8th, 2009, 01:35 PM

It is already in effect, just that it is not defined and enforced. And I like to think that it applies more to investment funds, e.g. Ferrell, rather than individuals.

mingwen · July 8th, 2009, 01:43 PM

Quote:

Originally Posted by august5

It is already in effect, just that it is not defined and enforced. And I like to think that it applies more to investment funds, e.g. Ferrell, rather than individuals.

this is mentioned in the straits times today about taxation on property gain on individuals in the near future..knowing our gahmen,it will be a reality for sure.
whether how u think or how i think is base on our own assumption only..

august5 · July 8th, 2009, 01:52 PM

Quote:

Originally Posted by mingwen

this is mentioned in the straits times today about taxation on property gain on individuals in the near future..knowing our gahmen,it will be a reality for sure.
whether how u think or how i think is base on our own assumption only..

Did you not read? It is open to feedback and consultation. So you, me and anyone can make our thoughts heard by next Tuesday.

mingwen · July 8th, 2009, 04:18 PM

Quote:

Originally Posted by august5

Did you not read? It is open to feedback and consultation. So you, me and anyone can make our thoughts heard by next Tuesday.

like i said,knowing our gahmen..its gona be a reality for sure.
u reckon our feedback or consultation will carry much weight?i doubt it

anyway,lets not dwell too much on this topic..

cnud · July 11th, 2009, 03:39 AM

Wow, Baby action liao!

Wils · July 11th, 2009, 08:16 PM

MOF's official statements:
http://www.mof.gov.sg/consultation_c...amendment.html

By the way, I passed by SB yesterday and didn't see (quick glance though; in moving vehicle) significant progress on the exterior work.

colourbox · July 12th, 2009, 03:54 PM

incredible how the market has moved up in the past month. Don't think it is sustainable.

liveartz · July 12th, 2009, 05:22 PM

if in this midst of the worst recession in history for singapore and the whole world, we still managed to see an uptrend lately ~ do you see it as a dead cat bounce or a new high low has been set for singapore property?

that's the decision you make as an investor/home buyer and i guess there are more than a few brave souls who think it's the latter lately. warriors or fools, only time will tell...

July 8th, 2009, 05:34 AM	#12
LittlePig 小肥猪 Join Date: May 2006 Posts: 1,485	guys, do you think the Kallang Basin-Greater Marina Bay area (SouthBank, Riverine by the Park) when fully developed with its sports hub etc will surpass Robertson Quay-River Valley area (River Place, RiverGate, Domain 21) in terms of psf? __________________ The future is not some place we are going, but one we are creating. The paths to it are not found but made, and the activity of making them changes both the maker and the destination - John Schaar

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July 1st, 2009, 09:39 AM	#6
liveartz Registered User Join Date: Apr 2009 Posts: 85	Redhill also got many HDBs but the prices are still up, now rooting for $1300psf for the new launch at Ascentia. So the main importance is still the location, location, location. What's more Southbank is within the greater Marina Bay development plan, so upside here is potentially higher.

July 2nd, 2009, 11:21 AM	#8
mcmlxxvi02 Registered User Join Date: Jan 2008 Posts: 219	Whichever the case I think buying SB at today's rate of 1000-1200psf is not worth considering launch price was only 700psf...?

July 6th, 2009, 10:06 AM	#11
cnud Registered User Join Date: Jul 2007 Posts: 887	In terms of location - TB/Redhill better or Kallang/Paya Lebar?

July 8th, 2009, 01:35 PM	#13
august5 八月天 Join Date: Sep 2008 Posts: 249	It is already in effect, just that it is not defined and enforced. And I like to think that it applies more to investment funds, e.g. Ferrell, rather than individuals.

July 11th, 2009, 03:39 AM	#17
cnud Registered User Join Date: Jul 2007 Posts: 887	Wow, Baby action liao!

July 11th, 2009, 08:16 PM	#18
Wils Registered User Join Date: Jun 2009 Location: Singapore Posts: 90	MOF's official statements: http://www.mof.gov.sg/consultation_c...amendment.html By the way, I passed by SB yesterday and didn't see (quick glance though; in moving vehicle) significant progress on the exterior work.

July 12th, 2009, 03:54 PM	#19
colourbox Registered User Join Date: May 2009 Posts: 158	incredible how the market has moved up in the past month. Don't think it is sustainable.

July 12th, 2009, 05:22 PM	#20
liveartz Registered User Join Date: Apr 2009 Posts: 85	if in this midst of the worst recession in history for singapore and the whole world, we still managed to see an uptrend lately ~ do you see it as a dead cat bounce or a new high low has been set for singapore property? that's the decision you make as an investor/home buyer and i guess there are more than a few brave souls who think it's the latter lately. warriors or fools, only time will tell...