Norwood Grand New Launch Review | My Unbiased Thoughts | Marcus Luah

[@KeepItRealEstateSG]

It’s been 13 years since the new launch in the North, Woodlands! There’s going to be a lot of transformation in Woodlands, like the future RTS (Rapid Transit System) to JB (Johor Bahru). In today’s video, I’m going to share with you my personal opinion on this entire Norwood Grand project, and some reasons why you can look into buying Norwood Grand. As promised in the video, here’s the e-book link: mc.propnex.net/api/mt/pdf/n/M... Feel free to contact me if you are interested in knowing more about Norwood Grand! Timestamps 00:00 Introduction 00:07 Why there isn’t video released last week 01:09 Outline 01:34 Project Overview 02:12 Why I wouldn’t buy Norwood Grand 02:38 Woodlands not the most IDEAL location for me to stay 02:55 Unsure of launch price yet 03:11 Limited pool views 03:32 Mall is not near enough for me 03:54 High density estate 04:13 The expected pricing 05:52 5 reasons why you should be buying Norwood Grand 06:15 Woodlands Transformation 07:20 Developer Track Record 07:40 Pent Up Demand 08:05 Proximity to MRT 08:29 GFA Harmonisation 08:59 My final thoughts on this project 12:12 Final remarks/Who should buy

[@neogwt]

Take care bro. Thanks for the insights n sharing.

[@KeepItRealEstateSG]

Thanks bro!

[@afempire]

You can still get resale condo like Bellewoods and Forestville for $1200psf. Being $800psf more expensive, these resale projects have a bigger chance of appreciation after Norwood launch. Is it reasonable to expect these resale condos to fetch psf closer to Norwood in 3 years time? Probably $1800-$1900?

[@T04195]

Second this. I think getting to 1500-1600 is more likely.

[@KeepItRealEstateSG]

Okie not wrong to think that way but location, distance to mrt, quality and gfa calculation are different. They might be a chance however also need to consider the risk of entering 40% - 50% higher than your neighbor. That being said no right no wrong but currently other ec already are at $15xxpsf but not those in woodlands ave 10 area so unless really need immediate place to stay I’ll thunk there are other avail options too.

[@Buttercookiesssss]

These are further to mrt and are ECs.. Somehow the appreciation can't be compared to private condo

[@KeepItRealEstateSG]

@@T04195 I agree on this but just a matter of how long, I would think 10-15 years holding period should suffice. There’s also a risk of first owners who bought 700+psf selling cheaper than those who are buying 1200-1400psf.

[@KeepItRealEstateSG]

@@Buttercookiesssss yup much further and to most Singaporeans considered not walkable to MRT.

[@coins_investmentsg]

well done, up and up....

[@KeepItRealEstateSG]

Choose wisely :)

[@limliza992]

Btw, $2000 psf entry price is questionable for such attributes. It only has very close proximity to MRT. Other than that, the sizes, layout and facing are inferior to other condos IMHO.

[@KeepItRealEstateSG]

Thanks for your comment, certainly valid. Care to share your references for some context?

[@limliza992]

The condos which are 10 to 15 mins (through sheltered hdb walkway) walk to Woodlands South MRT (or 2 to 3 bus stop away depending which entrance) only cost $1200+ or less psf and better layout with larger floor area for 3 bedrooms, 4 bedrooms and 5 bedroom including large penthouse. You can analyse those condos (Lasa Casa, Forestville, Twin Fountain and Bellewood). I think there is oversupply as compared to demand at Woodlands area. This location is deem for slow growth.

[@shaoweichua6911]

Some of the pent up demand might be absorbed by the lentor condos already. Those who have budget constraints bought the rosewood condo resale and woodland EC resale.

[@KeepItRealEstateSG]

I wouldn’t think it’s the same profile of buyers tho. 1. People whose kids will be studying at woodlands wouldn’t buy lentor. 2. The EC MOP are not walking to MRT, it’s for those who are willing to compromise.

[@limliza992]

​​​@@KeepItRealEstateSG Actually not that far from MRT. 2 to 3 bus stops away if lazy to walk 10 to 15 mins depending on walking speed. Short cut thru hdb with shelter is possible. Cycling will be about 5 mins. Those ECs are larger, cheaper, better inner facing and better layout. If the 5 mins walk to MRT is such an important factor, there are many HDBs which are less than 5 mins walk to MRT. No need to pay such a premium. Buying condo is not just for distance to MRT. The fact that it is surrounded quite closely by HDB and very close proximity to Innova Primary, may not be so desirable. Views are blocked and ringing bell at several intervals from the school may be undesirable especially for such premium price.

[@KeepItRealEstateSG]

@@limliza992 agree that’s what woodlands condo dwellers have been used to, therefore the prices of the condos have remain very affordable comparing with other estates with condos within 5 mins to MRT :)

[@wisatasingapura]

With RTS link, people will prefer to buy house at JB. All property price around woodland will drop.

[@KeepItRealEstateSG]

More likely to impact hdb imo

[@T04195]

@@KeepItRealEstateSG agree with you. It will be attractive for people who frequent JB to move to Woodlands with RTS operational. HDB prices in Woodlands will creep up and this will also move the condo prices up.

[@KeepItRealEstateSG]

@@T04195 thanks !

[@kingseven1969]

How about competition from next door EC site along Dr 17?

[@KeepItRealEstateSG]

EC has a lot more limitations, like eligibility and MSR and MOP means holding period to be 8 years compared to condo at 3 years SSD. Moreover latest awarded Loyang EC plot will likely be launched above $1600psf based on 20% profit. I wouldn’t think that woodlands ec will be cheaper than that, nor a strong contender. Not saying I’m right just IMHO.

[@alexchew7994]

Like ur opinions, very practical and not overly optimistic.

[@KeepItRealEstateSG]

@@alexchew7994 thanks for the encouraging remarks :)

[@ewokmoses5909]

What will happen to the current sports school LAND once they move to Kallang

[@KeepItRealEstateSG]

There are 5 primary schools within 1km and an American school nearby

[@stacialexisify]

@@KeepItRealEstateSGthen why you say your son no school to go?

[@KeepItRealEstateSG]

@@stacialexisify Thanks for asking :) cos I enrolled my son into a school near my current place already, so it’s just for my personal case as I said.

[@viralloger267]

I heard raffles primary moving there

[@ocswoodlands]

i am one of the guys who would like to thank CDL for pushing up the psf prices in woodlands 😂. i bought a woodlands condo recently at what i think is a 50% psf discount to Norwood launch price 😅. so i hope its defensive enough 😊

[@KeepItRealEstateSG]

Surely singapore properties are defensive enough, and yes OCR property prices have always been on the rise :)

[@tobacollections2130]

Whether this is a hot project, last 2 days preview already have the answer.

[@KeepItRealEstateSG]

Indeed :)

[@SHYB94]

6:54 yes WoodLEIGH is better 😂

[@KeepItRealEstateSG]

Thanks for the reply

[@ddpow7]

Other then crazy price only crazy will proceed. The quality of the living residents and it's surrounded hdb is the critical considering. 😂😂😂

[@KeepItRealEstateSG]

Just curious when you say crazy what’s the basis of comparison?

[@beedeebee179]

I agree this is a crazy price, 2000psf has more options. Anyway, agents are out to make money. They don't take accountability for what they say, so do your due d. Just look at Sentosa Cove, the developer selling at huge discounts, whoever bought many years ago also listened to these so called property guru. 😅

[@limliza992]

Cannot judge residents based on location. There are many residents in Woodlands whose children study in top schools and some drive luxurious cars. Our transportation system is good to connect all parts of Singapore.