Featured in the news, facing the reservoir so the view should be good, anyone applied for it?

http://aboutsingaporeproperty.blogspot.com/2010/02/fresh-curbs-not-stopping-property.html

Fresh curbs not stopping property buyers

As of yesterday, more than 300 of about 350 units in The Estuary condominium that were released for sale have been snapped up.

The MCL Land project in Yishun is the first major property launch since measures were announced by the Government last week to curb speculation.

These were: stamp duty to be paid if the buyer sells the property within a year, and lending institutions allowed to lend only up to 80 per cent of the property’s value, not 90 per cent.

Yesterday, more than 80 pairs of shoes were seen outside The Estuary’s showflat when The Sunday Times visited at 1.30pm.

The number increased steadily to more than 100 pairs by 2pm as people came to check out the 99-year leasehold condo.

Most were families with young children or young couples, lured by the condo’s proximity to Lower Seletar Reservoir and attractive prices of about $750 per sq ft.

Inside, all the 15 tables set aside for prospective buyers were filled most of the afternoon.

Sales of the 350 released units began last week. The project has 608 units – comprising one-, two-, three- and four-bedroom types.

‘It’s been encouraging so far despite the measures,’ said an MCL Land staff member, noting that demand was evenly distributed across the various apartment types.

‘At first, there was more interest in the one-bedroom units but when the measures were announced, this died off a little.’

One- and two-bedroom units have usually been popular among speculators at launches over the past year. They make up nearly 40 per cent of units in The Estuary, which is near Khatib MRT station.

Small apartments have been targets for speculators because the lump-sum outlay is relatively more affordable.

The Government’s measures to curb excesses have come at the right time, said Madam Angie Ng who bought a three-bedroom unit at The Estuary for about $930,000 yesterday.

‘I’m relieved actually. We were waiting for this launch and then the measures came. That’ll help curb speculators and prices won’t be jacked up,’ she said.

Madam Ng, 36, who works in the banking industry, is married with two children and lives in a five-room flat in Yishun.

Property agents said The Estuary’s relatively distant location from the city also meant it might not be as attractive for speculators.

The prices were the key lure for the buyers, about 70 per cent of whom live nearby in Woodlands and Marsiling.

‘For upcoming projects in Singapore, the prices are at least $900 psf,’ said ERA agent Shayne Lim, 34, noting that prices have even reached $1,200 psf in Ang Mo Kio.

‘And there hasn’t been a new condo in the Yishun area for over 10 years,’ she said of the good buying response.

People in the real estate sector will also be monitoring sales at another condo – Vision@West Coast – which is set to be launched soon.

Located on West Coast Highway, the 99-year leasehold development has 281 apartments and 14 strata houses. Sizes start at about 800 sq ft for a two-bedroom unit and rise to 5,000 sq ft for the strata houses.

‘Demand should be strong as the location also boasts sea views,’ predicted property agent Jimmy Tan.

The asking price for the project, he added, could be around $1,100 psf.

Yours news is fast, thanks for the update. :)

http://www.h88.com.sg/article/The+Estuary%3A+Exclusive+first+look/

There is some report on it.

The showflat is demolished. So 100% sold out!

Found that Yishun Ave 1 can lead all the way to the future Seletar Aerospace hub.
Surely being new, no traffic jam and nice scenary, Estuary will be an attractive leasing location for one who works at the hub.

bought 4BR unit. Any owners here?

any onwers? quiet leh

no, for own stay. are you a agent? pls PM selling psf

me no agent :) guess your 4 bedder should be able to get above $900psf since has both reservoir and pool view!
check out ura website for transaction price:)

 

Sold on	Address	Unit area (sq ft)	Sale price ($psf)	Bought on	Purchase price ($psf)	Profit ($)	Holding period (days)	Annualised (%)
2012-05-30	#06-XX	915	1,006	2010-03-12	847	145,485	810	8.1
2012-05-28	#09-XX	1,195	921	2010-03-10	714	247,365	810	12.2
2012-05-17	#07-XX	926	920	2010-03-18	777	132,418	791	8.1
2012-05-15	#13-XX	1,302	921	2010-03-08	741	234,360	799	10.4
2012-05-14	#09-XX	926	945	2010-03-22	811	124,084	784	7.4
2012-05-14	#09-XX	1,453	888	2010-03-12	690	287,694	794	12.3
2012-05-10	#15-XX	926	929	2010-04-20	809	111,120	751	7
2012-05-04	#13-XX	926	913	2010-03-04	780	123,158	792	7.5
2012-04-25	#16-XX	926	903	2010-03-15	797	98,156	772	6.1
2012-04-20	#08-XX	603	1,012	2010-03-23	837	105,525	759	9.6
2012-04-16	#11-XX	1,119	920	2010-04-08	756	183,516	739	10.2
2012-04-03	#09-XX	904	1,051	2010-03-23	847	184,416	742	11.2
2012-04-02	#05-XX	1,302	798	2010-03-29	720	101,556	735	5.2
2012-03-30	#10-XX	603	1,095	2010-03-22	842	152,559	739	13.9
2012-03-29	#04-XX	1,195	795	2010-03-17	683	133,840	743	7.7

wah, where did you get such details? the ura website dont provide such details leh

check out www.squarefoot.com.sg

Urgent message to all Estuary owners,

Not far from Estuary, there's new launch called Skies Miltonia that's selling above $1200psf for units with lake/golf course view. Yet agents are still approaching Estuary owners to sell at 9xx psf. Skies Miltonia is a good condo, but Estuary is one par above it on every aspect. Convenience, close to MRT, Expressway, bus stops, more facilities, bigger size, etc. So I would demand agents to match the price if not higher.

agents are not buyers what. sure never let them control any deals. match your desired price or no deal. as simple as that.
estuary is very good to keep anyway...and yes skies doesn't come close at all :)