Update: Tree House is doing very very well

We told you it was going to be HOT. We have news that CDL's Tree House has SOLD OUT all its 2BR and 2+1BR units. Prices for this Chestnut Avenue development are in the $780-$900 psf range. Going by this photo below, there's a huge demand for this mass market condo.


Just look at the crowd. This is a Thursday morning! Don't these folk have to work? Image from tipster C. Wong.

You'd think it's some grassroots event or some big-shot's wedding! This is not even the showflat. This is the balloting area where potential buyers are waiting for their name to be called. The showflat is next door on the right!

There aren't many mass market units around this year so as expected there's plenty of pent-up demand.

Prices
According to our sources:
2BRs - $850-$900psf, around $610k to $640k.
2+1BRs -$850-900psf, around $680k to $770k.
3BRs - $800-900psf. around $900-$1000k.
3+1BR - A 16th floor, 1,227 sqft unit in Stack01 is going at $1.033m or $841psf.
4BRs - ranging from $770-780 psf.

It seems that analysts are spot on with their price prediction mentioned in our initial Tree House Preview.

Just quickly to recap:
Nearby Cashew Heights (999 yr, TOP92) caveats from Jan to Mar 2010 are at an average of $708psf. Glendale Park (FH, TOP2000) Jan 2010 caveats averaged $701 psf while Hillview Heights (FH, TOP96) Jan - Mar 2010 averaged $715psf.

Showroom is still open. You better make your way there if you want a piece of the action!

Image: Brochure.

As posted in h88.com.sg by John

Comments

Post a Comment

Popular posts from this blog

Singapore property developers cautious about market outlook

SINGAPORE : Property developers seem pessimistic about the outlook for Singapore's real estate market in 2012, with some analysts foreseeing a five to ten percent drop in property prices this year. But market watchers also say the strong interest in recent property launches could defy these forecasts and even lead to more cooling measures. Celebrations continue but property developers are still in the dark about the outlook for Singapore's property market in 2012. Mr Wong Heang Fine, President, Real Estate Developer's Association of Singapore, said: "We are cautious. On the market going forward, it all depends on how the global economy goes in the next eleven months. So it's really anybody's guess." URA data shows the rate of price increase for private residential properties moderating for the ninth consecutive quarter with rentals also tapering off.  More details at  http://www.channelnewsasia.com Source : MediaCorp Pte Ltd by Yvon
Read more

Condos Future Launches

Project Name Street District Till Units Marina Bay Suites Central Boulevard 01 99 221 Unnamed Spottiswoode Park Road 02 FH 348 Sentosa Quayside Ocean Way 04 99 228 Unnamed West Coast Crescent 05 99 295 RV Residences River Valley Close 09 999 220 Paterson Suites Paterson Road 09 FH 102 The Vermont on Cairnhill Cairnhill Road 09 FH 123 Urban Suites Hullet Road 09 FH 165 Urban Resort Condominium Cairnhill Road 09 FH 64 Vivace Tong Watt Road 09 999 85 Waterscape @ Cavenagh Cavenagh Road 09 FH 200 Espada St Thomas Walk 09 FH 232 Nathan Suites Nathan Road 09 FH 65 Helios Residences Cairnhill Road 09 FH 140 Parvis Holland Road 10 FH 248 Trilight Newton Road
Read more

HDB upgraders set pace in private property market

SINGAPORE: The private residential market saw a rebound in September. Figures released by the Urban Redevelopment Authority (URA) on Monday showed 2,064 units, including executive condominiums (ECs), were transacted. This is the highest number of monthly transactions this year and a significant 26 per cent increase from August's 1,638 units. Treasure Trove, a development in Punggol, accounted for about 40 per cent of the transactions with more than 680 units sold. PropNex Realty said the homebuyers are mainly HDB upgraders, attracted to the pricing and the proximity of the development to the Punggol MRT. It said the revision of income ceiling had prompted many to purchase ECs.   More details at  http://www.channelnewsasia.com Source : MediaCorp Pte Ltd
Read more