I was invited to MCC Land’s Queens Peak VIP preview on October 22. The Edge Property says there were 4,000 people at the sales gallery during the preview weekend. It won’t be surprising that probably half of them are property agents. Don’t visit Queens Peak at peak hours When the show suite opened at 10 a.m., it was already fully packed with sales representatives from the … [Read more...]
What is so ‘grande’ about Lake Grande?
During the first weekend launch, MCL Land managed to sell 436 units or 60 percent of 710 units at Lake Grande. Buyers paid an average price of $1,368 psf for the units. Singaporeans accounted for 17 out of every 20 buyers. Two weeks later on National Day, the developer has moved a total of 470 units. Sales has slowed down significantly since then. According to the URA records, … [Read more...]
4 things buyers wish they knew before buying a property
The radio is playing Cher’s “If I Could Turn Back Time” when an email from a blog reader popped up on my screen, “Property Soul You’ve Got Mail.” It’s another message about a home buyer’s remorse. Every week there are so many messages on disappointment and regret after buying properties. They all go like this: “I wish I had … before I bought …” “Why didn’t … [Read more...]
Where is the ‘gem’ at Gem Residences?
Driven by the recent hype over the launch of Gem Residences, I decided to visit the sales gallery last Sunday. It would be interesting to find out from the horse’s mouth the stories of the project. For examples, 1. 1,449 cheques were collected before the launch but only 360 buyers showed up on the launch day, with 51 percent of the 578 units (i.e. 295 units) sold. 2. … [Read more...]
Take it or regret later
Best offer to board the last flight Last week I was at the Hong Kong International Airport trying to catch the 8 pm flight back to Singapore when the staff at the check-in counter gave me an unexpected offer. “Ms xx, are you in a hurry to fly back? We have checked in 300 passengers and the flight is already full. Can we put you on the next available flight departing 1.50 … [Read more...]