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16-04-2012, 06:23 AM
I think Danny and Mr. Bay are pretty optimistic people - one believes he can rent out TWO units long-term for a profit while the other believes in price appreciations after TEN years. Someone should record this down and revisit 10 years/x years later. 
The Straits Times
Apr 16, 2012
Buyers snap up units at launch of Singapore's priciest suburban condo
By Gan Yu Jia
It may be Singapore's most expensive suburban condo, but more than 100 units of CapitaLand's Moshe Safdie-designed Sky Habitat in Bishan were snapped up on the first weekend of its launch.
Out of the 180 units released for sale, 125 units were sold by 6pm yesterday. Eighty-three per cent of the buyers were Singaporeans who intend to live in the units, said chief executive of CapitaLand Residential Singapore Wong Heang Fine.
Average prices range from $1,747 per sq ft (psf) for a one-bedder to $1,642 psf for a four-bedder. This works out to $1.11 million for a 635 sq ft one-bedroom unit.
Visitors at the showroom told The Straits Times they were attracted to the design and location, despite the pricing and it being a 99-year leasehold project.
There was even a buyer, a sales executive who wanted to be known only as Danny, who toured the showflat only after he had bought two three-bedroom units - on the 33rd and 35th floors. 'Location-wise, it's very ideal. There's huge potential (for property) in Bishan - it's breaking records. Recently, there was a five-room (HDB) flat which was sold for $950,000.'
The 32-year-old, who intends to rent out both units, added he had 'not 1 per cent of regret' about his purchase after visiting the showroom.
Public servant Patrick Bay, who bought a two-room plus study pool-facing unit, said he was drawn to the project's unique design, especially its 'iconic structure'.
'The prices are steep, yes, but it's comfortable with the incentives given,' Mr Bay, 35, said, referring to the 3 per cent early bird promotion. He intends to live in the unit with his wife for 'at least 10 years', and is confident that the value will be higher if he eventually decides to sell it.
Mr Ku Swee Yong, chief executive of International Property Advisor, said the sales figures were a 'very good achievement', given that the average valuation of other 99-year leasehold condominiums in Bishan is between $1,000 psf and $1,200 psf.
But he had expected more robust sales given the initial hype. He suggested: 'Perhaps there is some investor fatigue in chasing up the high psf prices in the outskirts of Singapore.'
The Straits Times
Apr 16, 2012
Buyers snap up units at launch of Singapore's priciest suburban condo
By Gan Yu Jia
It may be Singapore's most expensive suburban condo, but more than 100 units of CapitaLand's Moshe Safdie-designed Sky Habitat in Bishan were snapped up on the first weekend of its launch.
Out of the 180 units released for sale, 125 units were sold by 6pm yesterday. Eighty-three per cent of the buyers were Singaporeans who intend to live in the units, said chief executive of CapitaLand Residential Singapore Wong Heang Fine.
Average prices range from $1,747 per sq ft (psf) for a one-bedder to $1,642 psf for a four-bedder. This works out to $1.11 million for a 635 sq ft one-bedroom unit.
Visitors at the showroom told The Straits Times they were attracted to the design and location, despite the pricing and it being a 99-year leasehold project.
There was even a buyer, a sales executive who wanted to be known only as Danny, who toured the showflat only after he had bought two three-bedroom units - on the 33rd and 35th floors. 'Location-wise, it's very ideal. There's huge potential (for property) in Bishan - it's breaking records. Recently, there was a five-room (HDB) flat which was sold for $950,000.'
The 32-year-old, who intends to rent out both units, added he had 'not 1 per cent of regret' about his purchase after visiting the showroom.
Public servant Patrick Bay, who bought a two-room plus study pool-facing unit, said he was drawn to the project's unique design, especially its 'iconic structure'.
'The prices are steep, yes, but it's comfortable with the incentives given,' Mr Bay, 35, said, referring to the 3 per cent early bird promotion. He intends to live in the unit with his wife for 'at least 10 years', and is confident that the value will be higher if he eventually decides to sell it.
Mr Ku Swee Yong, chief executive of International Property Advisor, said the sales figures were a 'very good achievement', given that the average valuation of other 99-year leasehold condominiums in Bishan is between $1,000 psf and $1,200 psf.
But he had expected more robust sales given the initial hype. He suggested: 'Perhaps there is some investor fatigue in chasing up the high psf prices in the outskirts of Singapore.'
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