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Old September 15th, 2008, 06:18 AM   #61
cnud
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There are many who are optimistic. Not just those who bought. But too much optimism is no good. Same goes to pessimism.
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Old September 15th, 2008, 07:07 AM   #62
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Quote:
Originally Posted by cnud View Post
There are many who are optimistic. Not just those who bought. But too much optimism is no good. Same goes to pessimism.
True, true, but main thing is to use realism, common sense thru proper statistics and figures. This way, at least you are not doing things the Ah beng way...

Ah beng mentality is to "chiong ah....", "hiong ah....". Ah beng way only applies in a Bull market.
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Old September 15th, 2008, 07:55 AM   #63
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We will see some important changes in monetary policy soon.
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Old September 15th, 2008, 12:24 PM   #64
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Concourse Skyline will be launched in HK, earlier than in SG. I guess Hong Fok is trying to sell at better/higher price to HK buyers so as to "hold" their "priced-to-sell" range of $1300 psf to $1800 psf or higher.
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Old September 15th, 2008, 02:04 PM   #65
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I know a lot of investors are buying here and there because of the huge cash they are holding since the boom last year. Calculating that TOP is 3-4 years down the road, instead of putting in the banks earning 1-2 % pa, they assumed the market by then will be up. Considering only 20% max initial installment, and interest & installment free until TOP ( certain case stamp duty absorbed ), it may be still a good bet on the appreciation of the property to beat the interest rate earned from the bank.
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Old September 15th, 2008, 02:20 PM   #66
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I know a lot of investors are buying here and there because of the huge cash they are holding since the boom last year. Calculating that TOP is 3-4 years down the road, instead of putting in the banks earning 1-2 % pa, they assumed the market by then will be up. Considering only 20% max initial installment, and interest & installment free until TOP ( certain case stamp duty absorbed ), it may be still a good bet on the appreciation of the property to beat the interest rate earned from the bank.
I used to think this way as well.... USED TO. But i realised that this side of the fence feels so much better when the other side becomes as unknown as the twilight zone.
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Old September 15th, 2008, 04:17 PM   #67
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Concourse Skyline records strong residential sales in Singapore

Over 60 apartments, or 70 per cent of first release, sold in a week -15 Sep 2008

Leading property investment and development company, Hong Fok Corporation, has received a strong response for their new Singapore residential development, the Concourse Skyline. Private previews held over the past week have sold more than 70 per cent of the apartments released in the first phase.

Hong Fok Director SE Cheong said that more than 60 of the 90 apartments in the first release put on sale at private preview over the past week sold at average prices ranging from $1,500 to $1,800 per square foot.

“We are delighted with the excellent sales result we have achieved with the Concourse Skyline. This outcome is confirmation that there is strong underlying demand in the Singapore market for well-located, unique and appropriately priced developments – and the Concourse Skyline meets these criteria,” Mr Cheong said.

Following the success of the private launch and in response to public demand, Hong Fok Corporation will release additional apartments commencing this Friday 19 September. The Concourse Skyline’s show flat, which is located on Level 38 of the office tower of The Concourse, is open daily from 10.00am to 6.00pm.

The Concourse Skyline is ideally located at the centre of Singapore’s new “action” zone. Over-looking the newly developed pit lane of the Singapore GP; the proposed Singapore Sports Hub, and the upcoming Marina Bay Integrated Resort, the location will offer buyers buzz and excitement year-round, with potential for capital appreciation and strong rental incomes.

Complementing the action activities are the attractions of the nearby Singapore Flyer and the future Gardens by the Bay, and an unmatched location next to Singapore’s convention and business centre.

The development, designed by internationally renowned architect Philip Cox, includes 40-storey and 28-storey residential towers and offers a range of one-to-four bedroom apartments, skysuites, penthouses, and super penthouses. The development is targeted at city-dwellers seeking an exciting and fast-paced lifestyle in one of Singapore’s future prime property districts.

To enhance the living experience, the Concourse Skyline offers residents the opportunity to retreat to a Sky Garden on the 29th storey, or enjoy the recreational facilities of a lap pool, gym, hot spa and jacuzzi, and barbecue area on the 5th floor.
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Old September 16th, 2008, 08:04 AM   #68
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Originally Posted by Aaronchong View Post
Over 60 apartments, or 70 per cent of first release, sold in a week -15 Sep 2008

Leading property investment and development company, Hong Fok Corporation, has received a strong response for their new Singapore residential development, the Concourse Skyline. Private previews held over the past week have sold more than 70 per cent of the apartments released in the first phase.

Hong Fok Director SE Cheong said that more than 60 of the 90 apartments in the first release put on sale at private preview over the past week sold at average prices ranging from $1,500 to $1,800 per square foot.

“We are delighted with the excellent sales result we have achieved with the Concourse Skyline. This outcome is confirmation that there is strong underlying demand in the Singapore market for well-located, unique and appropriately priced developments – and the Concourse Skyline meets these criteria,” Mr Cheong said.

Following the success of the private launch and in response to public demand, Hong Fok Corporation will release additional apartments commencing this Friday 19 September. The Concourse Skyline’s show flat, which is located on Level 38 of the office tower of The Concourse, is open daily from 10.00am to 6.00pm.

The Concourse Skyline is ideally located at the centre of Singapore’s new “action” zone. Over-looking the newly developed pit lane of the Singapore GP; the proposed Singapore Sports Hub, and the upcoming Marina Bay Integrated Resort, the location will offer buyers buzz and excitement year-round, with potential for capital appreciation and strong rental incomes.

Complementing the action activities are the attractions of the nearby Singapore Flyer and the future Gardens by the Bay, and an unmatched location next to Singapore’s convention and business centre.

The development, designed by internationally renowned architect Philip Cox, includes 40-storey and 28-storey residential towers and offers a range of one-to-four bedroom apartments, skysuites, penthouses, and super penthouses. The development is targeted at city-dwellers seeking an exciting and fast-paced lifestyle in one of Singapore’s future prime property districts.

To enhance the living experience, the Concourse Skyline offers residents the opportunity to retreat to a Sky Garden on the 29th storey, or enjoy the recreational facilities of a lap pool, gym, hot spa and jacuzzi, and barbecue area on the 5th floor.
This is what i expected...
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Old September 16th, 2008, 08:05 AM   #69
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Looking 3-4 years down the road. HAYATA may regret he chickened out so soon.
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Old September 19th, 2008, 12:37 PM   #70
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Related parties bot 10 units.

SALE OF UNITS IN CONCOURSE SKYLINE TO INTERESTED PERSONS AND/OR RELATIVES OF DIRECTORS, CHIEF EXECUTIVE OFFICER AND CONTROLLING SHAREHOLDERS
Pursuant to Rule 910(1) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of Directors of Hong Fok Corporation Limited (“HFC” or the “Company”), wishes to announce that it has approved the sale of units in the development known as “Concourse Skyline” at Beach Road to interested persons and/or relatives of Directors, chief executive officer and controlling shareholders by its wholly-owned subsidiary, Hong Fok Land Ltd (“HFL”).
Options to purchase have been granted by HFL, the details of which are as follows:
Purchaser
Name of Purchaser
Unit No.
Sale Price
(nett of discount)
Percentage of
Discount Given
1.
Tan Suan Suan
(Chen Xuanxuan)
296 Beach Road
#23-04
$1,515,140
3%
2.
Cheong Puay Kheng
298 Beach Road
#15-13
$1,342,480
3%
3.
Cheong Hooi Kheng
296 Beach Road
#15-04
$1,342,480
3%
4.
Lee Hon @ Lee Yoke Hah & Low Lee Chen
298 Beach Road
#18-13
$1,384,190
3%
5.
Cheong Sim Eng
298 Beach Road
#17-09
$1,071,850
3%
6.
Soon Kong Ann &
Cheong Loo Kheng
296 Beach Road
#23-01
$1,189,220
3%
7.
Elsie Tan Khim Khim
(Elsie Chen Xin Xin)
296 Beach Road
#18-03
$2,312,480
3%
8.
Tan Kheng Yeow
(Chen Qingyao) &
Shum Ching Yee
296 Beach Road
#23-03
$2,280,470
3%
Purchaser
Name of Purchaser
Unit No.
Sale Price
(nett of discount)
Percentage of
Discount Given
9.
Cheong Tze Hong
296 Beach Road
#21-04
$1,508,350
3%
10.
Cheong Tze Hian
296 Beach Road
#18-04
$1,474,400
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Old September 19th, 2008, 12:49 PM   #71
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Any information on the rest of the 70% sold?
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Old September 19th, 2008, 12:57 PM   #72
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no annc abt them.
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Old September 19th, 2008, 07:21 PM   #73
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Surprisingly this part of Singapore is doing very well. Even Citylights prices has remain firm, no sign of falling prices at all!

But not East Coast, ESTA and ONE AMBER are taking some hits.
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Old September 20th, 2008, 09:45 AM   #74
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Quote:
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Surprisingly this part of Singapore is doing very well. Even Citylights prices has remain firm, no sign of falling prices at all!

But not East Coast, ESTA and ONE AMBER are taking some hits.
It is not surprising because of the developments around the Greater Marina Bay.
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Old September 22nd, 2008, 05:42 AM   #75
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Quote:
Originally Posted by bigbird72 View Post
Related parties bot 10 units.

SALE OF UNITS IN CONCOURSE SKYLINE TO INTERESTED PERSONS AND/OR RELATIVES OF DIRECTORS, CHIEF EXECUTIVE OFFICER AND CONTROLLING SHAREHOLDERS
Pursuant to Rule 910(1) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of Directors of Hong Fok Corporation Limited (“HFC” or the “Company”), wishes to announce that it has approved the sale of units in the development known as “Concourse Skyline” at Beach Road to interested persons and/or relatives of Directors, chief executive officer and controlling shareholders by its wholly-owned subsidiary, Hong Fok Land Ltd (“HFL”).
Options to purchase have been granted by HFL, the details of which are as follows:
Purchaser
Name of Purchaser
Unit No.
Sale Price
(nett of discount)
Percentage of
Discount Given
1.
Tan Suan Suan
(Chen Xuanxuan)
296 Beach Road
#23-04
$1,515,140
3%
6.
Soon Kong Ann &
Cheong Loo Kheng
296 Beach Road
#23-01
$1,189,220
3%
8.
Tan Kheng Yeow
(Chen Qingyao) &
Shum Ching Yee
296 Beach Road
#23-03
$2,280,470
3%
Purchaser
Name of Purchaser
Unit No.
Sale Price
(nett of discount)
Percentage of
Discount Given
9.
Cheong Tze Hong
296 Beach Road
#21-04
$1,508,350
3%
10.
Cheong Tze Hian
296 Beach Road
#18-04
$1,474,400

No wonder, all the #23 (highest floors launched - #22/21/20/19 not launched yet) all gone! Somemore stack 04 (which chinese dont like) is also all takend by them. Actually stack 04 very good views!

Their unit nos total to:
1 Leadership (big boss direct fam)Cheong Hooi Kheng #15-04, Cheong Puay Kheng #15-13
4 Planner - Cheong Tze Hian#18-04
6 Profit
7 Luck Cheong Tze Hong #21-04
8 Prosper (this is based on Chinese only - feng shui & not numerology maybe)
Cheong Sim Eng#17-09
9 Success
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Old September 22nd, 2008, 06:11 AM   #76
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Quote:
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It is not surprising because of the developments around the Greater Marina Bay.
Don't worry, Singapore a small place only. Soon, the Greater Marina Bay will turn into Greater Greater Marina Precint..
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Old September 22nd, 2008, 12:24 PM   #77
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$1500-1800psf for beach road...looks like downside now protected very well for clift, lumiere, and icon...
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Old September 22nd, 2008, 04:01 PM   #78
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The Concourse Skyline's value proposition is slightly different from those projects you highlighted.

The key difference is having an expansive view of the sea/bay. However, it does protect the downside of more similar projects like SouthBank and Citylights.
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Old September 22nd, 2008, 04:06 PM   #79
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Quote:
Originally Posted by kopiluver View Post
No wonder, all the #23 (highest floors launched - #22/21/20/19 not launched yet) all gone! Somemore stack 04 (which chinese dont like) is also all takend by them. Actually stack 04 very good views!

Their unit nos total to:
1 Leadership (big boss direct fam)Cheong Hooi Kheng #15-04, Cheong Puay Kheng #15-13
4 Planner - Cheong Tze Hian#18-04
6 Profit
7 Luck Cheong Tze Hong #21-04
8 Prosper (this is based on Chinese only - feng shui & not numerology maybe)
Cheong Sim Eng#17-09
9 Success
Yes. Stack 04 and 05 are the best 1 bedder stack in terms of view. It has direct view of the Singapore Flyer, IR and the F1 race pit. I was indeed surprised by the view. It's really not bad at all.

Level 22 are already released over last weekend. About 1870 psf for stack 04, and it's already SOLD.
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Old September 23rd, 2008, 06:59 AM   #80
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As expected!! Any official figures on the sale?
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