{"id":94439,"date":"2018-07-23T12:22:04","date_gmt":"2018-07-23T05:22:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-divided-on-daintree-residences-pricing\/"},"modified":"2018-07-23T13:04:53","modified_gmt":"2018-07-23T06:04:53","slug":"analysts-divided-on-daintree-residences-pricing","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-divided-on-daintree-residences-pricing\/","title":{"rendered":"Analysts divided on Daintree Residence\u2019s pricing"},"content":{"rendered":"


\nMap showing the location of the Daintree Residence site.
\nAnalysts are divided on the pricing of Daintree Residence, which is set for launch on 28 July, with some saying it is reasonable while others believe it is on the high side, reported the Business Times.
\nThe first condominium to launch since the government introduced its latest property cooling measures, the Toh Tuck Road condo will likely be offered at an average price of $1,800 psf, revealed SP Setia\u2019s general manager Neo Keng Hoe.
\nMore: Supply Glut Unlikely To Happen, Condo Prices May See Healthy Growth: JLL
\nHe noted that there has been a lack of new launches in the area over the past few years, with the last one being the retirement resort project The Hillford back in 2014. He expects the project\u2019s proximity to Beauty World MRT station as well as schools in the Bukit Timah area to help boost home buyer demand.
\nIn fact, previews for the project saw 3,000 people flocking the showflat.
\nCushman & Wakefield research and consultancy head Christine Li said the pricing of Daintree Residence is \u201creflective of current pricing norms, set by the strong growth of land prices over the last year\u201d.
\n\u201cBut considering that pricing at some suburban launches has already surpassed $1,600 psf, Daintree\u2019s pricing seems reasonable and should receive a warm market response, notwithstanding the recent slew of cooling measures.\u201d
\nNearby project The Creek @ Bukit was sold out at a median selling price of about $1,630 psf in December last year.
\nGoodluck Garden on Toh Tuck Road was sold en bloc this year at about $1,210 psf, but Li expects the future launch price at the freehold site to exceed $2,000 psf.
\nSome analysts, however, believe the price was relatively high. International Property Advisor chief Ku Swee Yong noted that while the project\u2019s location and convenient public transport are a major draw, there are various choices within the area \u201cthat are not at this price\u201d.
\nThese include resale options like The Terrene @ Bukit Timah, he said. Realis data shows that a 549 sq ft unit at the 999-year project was transacted for $1,457 psf in May this year.
\nHe added that investors can also look at the huge number of upcoming launches across Singapore.
\nFor instance, units at UOL\u2019s The Tre Ver, which opened its showflat last weekend, are reportedly priced from $1,400 psf.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Analysts divided on Daintree Residence\u2019s pricing<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Map showing the location of the Daintree Residence site. Analysts are divided on the pricing...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-94439","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ozd","jetpack-related-posts":[{"id":95055,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/daintree-residence-achieves-63-take-up-rate\/","url_meta":{"origin":94439,"position":0},"title":"Daintree Residence achieves 63% take-up rate","date":"July 30, 2018","format":false,"excerpt":"\r Map showing the location of the Daintree Residence site. The private property market\u2019s first new launch since the introduction of the new cooling measures, Daintree Residence, achieved a 63 percent take-up rate as it moved 50 of the 80 units launched over the weekend, reported the Business Times. Singaporeans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96057,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-slash-private-condo-prices-by-5-10\/","url_meta":{"origin":94439,"position":1},"title":"Developers slash private condo prices by 5-10%","date":"August 15, 2018","format":false,"excerpt":"\r A crowd of buyers at the recent launch of The Tre Ver in Potong Pasir. (Photo: UOL Group) Private condominiums launched before and after the introduction of new property curbs are trimming their unit prices by around 5.0 to 10 percent, reported TODAYonline. \u201cThe price sweeteners are there to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32791,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/award-winning-australian-home-to-go-under-the-hammer-with-no-price-expectations\/","url_meta":{"origin":94439,"position":2},"title":"Award-winning Australian home to go under the hammer with no price expectations","date":"November 3, 2016","format":false,"excerpt":"\r Ever dreamt of owning a home by the water in north Queensland?Now could be your chance to pick one up for a bargain.This award-winning waterfront mansion tucked away in the Daintree Rainforest north of Cairns is going under...\r \r Source : nzherald.co.nz\/Property\r Read more...Award-winning Australian home to go under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32793,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/award-winning-australian-home-to-go-under-the-hammer-with-no-price-expectations-2\/","url_meta":{"origin":94439,"position":3},"title":"Award-winning Australian home to go under the hammer with no price expectations","date":"November 3, 2016","format":false,"excerpt":"\r Ever dreamt of owning a home by the water in north Queensland?Now could be your chance to pick one up for a bargain.This award-winning waterfront mansion tucked away in the Daintree Rainforest north of Cairns is going under...\r \r Source : nzherald.co.nz\/Property\r Read more...Award-winning Australian home to go under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32795,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/award-winning-australian-home-to-go-under-the-hammer-with-no-price-expectations-3\/","url_meta":{"origin":94439,"position":4},"title":"Award-winning Australian home to go under the hammer with no price expectations","date":"November 3, 2016","format":false,"excerpt":"\r Ever dreamt of owning a home by the water in north Queensland?Now could be your chance to pick one up for a bargain.This award-winning waterfront mansion tucked away in the Daintree Rainforest north of Cairns is going under...\r \r Source : nzherald.co.nz\/Property\r Read more...Award-winning Australian home to go under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117470,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-jalan-anak-bukit-site-for-tender\/","url_meta":{"origin":94439,"position":5},"title":"URA launches Jalan Anak Bukit site for tender,","date":"July 1, 2020","format":false,"excerpt":"\r URA envisions the site as a distinctive development and identity marker for the Beauty World precinct. Photo: URA The Urban Redevelopment Authority (URA) on Tuesday (30 June) launched a concept and price revenue tender for a commercial and residential site at Jalan Anak Bukit under the Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/94439"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=94439"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/94439\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=94439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=94439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=94439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}