94 - 0 Capitaland Trashed Malaysia's IOI during last weekend's property launch

[Chase]

IOI priced the most expensive condo launch in Singapore last weekend. About $3800-6000psf
https://www.businesstimes.com.sg/pr...nits-about-s3200-psf-w-residences-marina-view

According to this update, IOI got trashed.
"While developer IOI Properties Group has not publicly released data on its performance, it was reported that not a single unit at W Residences Marina View, was sold at noon on Sunday"
https://www.businesstimes.com.sg/pr...is-w-residences-marina-view-suffers-poor-take

Meanwhile, Capitaland sold over 94% of Lydenwoods during the same weekend.

 

[Chase]

In April 2025, China's Kingsford and Qingjian's One Marina launch also got trashed.
Sold less than 40% when launched.
https://www.businesstimes.com.sg/pr...ect-s2953-psf-average-amid-cautious-sentiment
https://www.businesstimes.com.sg/pr...-marina-gardens-average-price-s2850-s2900-psf

Past issues:
https://www.straitstimes.com/singap...-for-repeated-safety-lapses-at-hillview-condo
https://www.theonlinecitizen.com/20...-ex-prc-soldier-from-selling-its-condo-units/
https://www.scmp.com/week-asia/econ...-linked-kingsford-development-cant-sell-flats

 

[congo9]

China's developer ... Yucks

 

[congo9]

As for ioi , they aren't the premiere developer in Malaysia.

 

[k1976]

IOI priced the most expensive condo launch in Singapore last weekend. About $3800-6000psf
https://www.businesstimes.com.sg/pr...nits-about-s3200-psf-w-residences-marina-view

According to this update, IOI got trashed.
"While developer IOI Properties Group has not publicly released data on its performance, it was reported that not a single unit at W Residences Marina View, was sold at noon on Sunday"
https://www.businesstimes.com.sg/pr...is-w-residences-marina-view-suffers-poor-take

Meanwhile, Capitaland sold over 94% of Lydenwoods during the same weekend.

Huat Big Big Hah

 

[k1976]

In April 2025, China's Kingsford and Qingjian's One Marina launch also got trashed.
Sold less than 40% when launched.
https://www.businesstimes.com.sg/pr...ect-s2953-psf-average-amid-cautious-sentiment
https://www.businesstimes.com.sg/pr...-marina-gardens-average-price-s2850-s2900-psf

Past issues:
https://www.straitstimes.com/singap...-for-repeated-safety-lapses-at-hillview-condo
https://www.theonlinecitizen.com/20...-ex-prc-soldier-from-selling-its-condo-units/
https://www.scmp.com/week-asia/econ...-linked-kingsford-development-cant-sell-flats

Qing Jian…..

 

[syed putra]

As for ioi , they aren't the premiere developer in Malaysia.

IOI develop huge track of what was previously Goodyear rubber estate in putrajaya. Including largest mall in Matlaysia.
But they remain a palm oil plantation company.

 

[Chase]

As for ioi , they aren't the premiere developer in Malaysia.

In the end, they managed to sell some W Residences Marina View units after giving steep discounts.

 

[congo9]

My friend was telling that Singapore is a magnet for the rich. Yes it's true. He say that a lot of Rich come in and park their money. Government is awash with so much money.

But back of my mind, does it help when the so call benefit does not filter down the economy ? You mean $600 voucher is a lot of money??

 

[laksaboy]

My friend was telling that Singapore is a magnet for the rich. Yes it's true. He say that a lot of Rich come in and park their money. Government is awash with so much money.

But back of my mind, does it help when the so call benefit does not filter down the economy ? You mean $600 voucher is a lot of money??

Just give enough to please the low SES rabble.

It's an ancient tradition: let the peasants eat, but don't let them be too full otherwise they start thinking 'dangerous thoughts' about no longer wanting to be merely peasants. And don't let them starve otherwise they become unproductive or rebellious.

Thread 'How to rule over peasants - helpful advice from a 3rd century BC Chinese tyrant'

Sep 18, 2019

http://www.sohu.com/a/271860701_778350

https://en.wikipedia.org/wiki/The_Book_of_Lord_Shang

1，壹民：统一思想。
2，弱民：国强民弱，治国之道，务在弱民。
3，疲民：为民寻事，疲于奔命，使民无瑕顾及他事。
4，辱民：一是无自尊自信；二是唆之相互检举揭发，终日生活于恐惧氛围中。
5，贫民：除了生活必须，剥夺余银余财（即通货膨胀或狂印钞票）；人穷志短。
五者若不灵，杀之。

1. Conformity of thought. No independent thought. Consensus through propaganda.

2. Weaken your citizens. Weak people = strong country (political rule).

3. Keep your citizens busy and preoccupied with the minutiae of daily living, and thus have no time for other things (e.g. politics).

4. Humiliate your citizens. Keep their self-esteem...

• laksaboy
• Replies: 31
• Forum: The Courtyard Café

• 

 

[Chase]

Bloomberg: Singapore luxury condo’s early flop shows property boom’s limits
https://www.bloomberg.com/news/arti...ndo-s-early-flop-shows-property-boom-s-limits

The W Residences Marina View condominium began pre-sales last Saturday, and buyers booked only two of its 683 units over the weekend, according to people familiar with the matter who asked not to be identified sharing private information.

A nearby high-end residential project called Skywaters Residences, which is part of a broader development backed by Alibaba Group Holding Ltd and local developer Perennial Holdings Pte, has sold just two of its 190 units since it launched more than a year ago.

Local property giant City Developments Ltd, which is building another “ultra-luxury development” in the business district, hasn’t set a launch date for its Newport Residences project.

 

[Chase]

Local property giant City Developments Ltd, which is building another “ultra-luxury development” in the business district, hasn’t set a launch date for its Newport Residences project.

According to propertyguru, the launch date of Newport Residences was postponed earlier.

"Newport Residences has rescheduled previews of the development and will unveil its launch date at a later time."
https://www.propertyguru.com.sg/project/newport-residences-25462​