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Parc Seabreeze Print E-mail



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1. Written by News on 30-06-2009 17:00
 
 
Close to 70% sold
The 94-unit Parc Seabreeze in Marine Parade is selling well with the project close to 70 per cent sold, said HSR, which is marketing the project. Units are fetching from $1,050 psf to $1,550 psf. 
 
Mr Colin Tan, Chesterton Suntec International’s head of research and consultancy, noted that there had been ‘pent-up demand’ resulting in strong sales activity, but added that this was ‘not sustainable’. 
 
‘Unlike the boom years, where foreigners made up a huge number of buyers, it is mostly locals who are on this buying spree,’ he said. 
 
Property expert Nicholas Mak expects a moderation of buying activity in the coming months, especially as developers continue to revise their prices upwards.
 
2. Written by AD on 30-06-2009 14:29
 
 
Real Purchase Price???
Has anyone thought about those buyers paying high prices could be developers themselves just to push up prices? More jobs are lost. Business Demand are still weakening...which mean more businesses will fail (when reserve runs out) and more jobs will be lost. Rental are falling. All these equate to rising property price??? Hahaha... :?
 
3. Written by Tan A.K on 29-06-2009 22:37
 
 
NIL
Those who say Good Buy must be property agent or developer. 
 
Those who are buying now are mainly in their 30s/ early 40s who are afraid of not being able to own a pte property IF economy & property market were to recover now. This explains why the properties smaller than 1200sq ft are usually taken up fast. 
 
What happen when monies from these 30s/ 40s are vested into the smallish properties? 
 
Where are those wealthy investors who could move the property market? 
 
The property outlook in the next 12 month is obvious.
 
4. Written by jj on 24-06-2009 15:02
 
 
Good Buy
i think the $1500psf is reasonable given the prime location of the development. i believe the price will go higher in the next few years. rather than parking my money in the bank, i would rather invest on prime property like this one.
 
5. Written by News on 23-06-2009 14:40
 
 
50 units sold
Parc Seabreeze in Marine Parade, saw demand after it apparently brought forward its launch. It sold about 50 units over three days since Friday at prices ranging from $1,050 psf to $1,550 psf, said agents. 
 
The price is down from $1,600 psf to $1,700 psf quoted at the preview in May last year, which drew a lacklustre response then.
 
6. Written by News on 18-06-2009 19:03
 
 
Launch this weekend
Freehold Parc Seabreeze in Marine Parade will be launched this weekend. Agents have advertised it at prices of $1,200 psf to $1,400 psf.
 
7. Written by LEE on 15-06-2009 17:33
 
 
Hold - property price not bottom yet
Agree. Most properties transacted recently were done around $200psf below developers' quoted price - i.e below $1000psf. Buyers have disappeared from the market. Few buyers - who are still buying - are only willing to pay less than $1mn for private condo of size smaller than 1250sq ft. 
 
New property launched must sell $500psf - $650psf in order to attract interests. 
 
Otherwise..... developers will have to wait..... til 2011? or 2012?null
 
8. Written by think on 13-05-2008 13:58
 
 
Over priced
well let's see how many people do actually buy this development at this price. to me. it's over priced! there is no point paying so much money when you live so close to HDB flats and at 1700psf, you can probably get some units at the SAIL. 
 
If you take a look at old newspaper reports of 2006 when developer bought this land thru enbloc deal, it was quoted that new condo units will be sold at average $950 psf (at the very most $1K psf.) 
 
So just think - why now 1700psf - just because IR and F1? 
 
If economic climate goes back to "sars level" then sure this property will command below 1K psf. 
 
Think and think hard.
 
9. Written by News on 11-05-2008 03:36
 
 
Developer test waters with condo launch
Tiong Aik is understood to have begun the preview of Parc Seabreeze in the Marine Parade/Joo Chiat area last week. The average price for the freehold project is understood to be in the $1,600-1,700 psf range.
 

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