Oakridge Park | 13 Towers | 154m | 52fl | 5M sqft | U/C - Page 44

Spr0ckets · #**861** Posted **Dec 1, 2018, 1:02 AM**

Quote:

Originally Posted by Migrant_Coconut

Yup. Rule no. 1 of the chatroom - whatever it is, leave the Nazis and the Holocaust out of it.

Holy 🞵🞵🞵🞵!!! That thread was WIIIILD!!!!

Good thing the mods locked it down.
Who knows where it could have ended up with how that "discussion" was going.
Has there ever been a case where the Godwin Law applied to pretty much ALL the parties involved in the discussion?
That might have been a first.

And then the Mods dished out suspensions like they were handing out candy during recess.
Crazy, man.

Hourglass · #**862** Posted **Dec 3, 2018, 5:19 AM**

So has the residential for this already been approved? Just curious since some friends said they attended a presentation session for Oakridge and another development in Horseshoe Bay(?) on Saturday — in Hong Kong.

rofina · #**863** Posted **Dec 3, 2018, 9:59 PM**

When do sales start? I'm too curious how (if) these units move.

e-clam9 · #**864** Posted **Dec 4, 2018, 12:18 AM**

Quote:

Originally Posted by Hourglass

So has the residential for this already been approved? Just curious since some friends said they attended a presentation session for Oakridge and another development in Horseshoe Bay(?) on Saturday — in Hong Kong.

It makes sense because HK condo is even more expensive than these Oakridge condo. Some people may not know BC realty market and just buy the condo based on the presentation. It is hard to find another government who is so greedy as HK gov and totally ignore the basic need of their main street people. I heard a family of 7 living in less than 400 sq.ft. condo in HK. The recent news show some new condo with only about 130 sq.ft. Oh boy.... I don't want to say that but it is just like animal shelter. Both new and existing condo price is dropping at Hong Kong now. Another 20% is predicted in 2019. It is a result of raising interest rate, capital control from China, the trade war between US and the world, and more.

Hourglass · #**865** Posted **Dec 4, 2018, 1:21 AM**

Quote:

Originally Posted by rofina

When do sales start? I'm too curious how (if) these units move.

From what my friends said, the PH and some of the expensive units were sold. Other units, not so much. But I stress this is only word of mouth from my friends. I think they went early Saturday, so no idea what it looked like by the end of the weekend

LeftCoaster · #**866** Posted **Dec 4, 2018, 10:13 PM**

Quote:

Originally Posted by Hourglass

So has the residential for this already been approved? Just curious since some friends said they attended a presentation session for Oakridge and another development in Horseshoe Bay(?) on Saturday — in Hong Kong.

Yes this phase is fully approved. Passed through the DP board on Oct 29th.

Migrant_Coconut · #**867** Posted **Dec 4, 2018, 10:16 PM**

Quote:

Originally Posted by Hourglass

So has the residential for this already been approved? Just curious since some friends said they attended a presentation session for Oakridge and another development in Horseshoe Bay(?) on Saturday — in Hong Kong.

So that's why they're getting away with $1m per bedroom...

rofina · #**868** Posted **Dec 5, 2018, 7:20 PM**

Quote:

Originally Posted by Migrant_Coconut

So that's why they're getting away with $1m per bedroom...

This is no secret.

Westbank has sales centres in Singapore, HK, Tokyo and Shanghai.

e-clam9 · #**869** Posted **Dec 7, 2018, 12:09 AM**

Could someone confirm that the new speculation tax cannot be skipped on the 3rd or more properties even if the properties are rented out by the owner ?

For resident who pay local income tax, if a property is vacant, the tax are around 0.25% property tax, 1% vacancy tax and 0.5% speculation tax. For a $500K property, it is $8250 tax per year !

For foreigner or non-resident who don't pay local income tax, if a property is vacant, the tax are around 0.25% property tax, 1% vacancy tax and 2% speculation tax. For a $500K property, it is $16250 in tax per year !!

Klazu · #**870** Posted **Dec 7, 2018, 2:12 AM**

Do you have a client asking?

VancouverOfTheFuture · #**871** Posted **Dec 7, 2018, 3:55 AM**

Quote:

Originally Posted by e-clam9

Could someone confirm that the new speculation tax cannot be skipped on the 3rd or more properties even if the properties are rented out by the owner ?

For resident who pay local income tax, if a property is vacant, the tax are around 0.25% property tax, 1% vacancy tax and 0.5% speculation tax. For a $500K property, it is $8250 tax per year !

For foreigner or non-resident who don't pay local income tax, if a property is vacant, the tax are around 0.25% property tax, 1% vacancy tax and 2% speculation tax. For a $500K property, it is $16250 in tax per year !!

why not ask the City these questions?

e-clam9 · #**872** Posted **Dec 8, 2018, 8:18 PM**

Quote:

Originally Posted by Klazu

Do you have a client asking?

I asked my agent but he did not know... So I try my luck here.

Some people have more than 2 properties, like a primary home and more than 1 rentals. This tax is going to reduce the ROI and also reducing investment into rental units. Metro Vancouver will have more than usual condo supply next year, do we have enough primary home buyers to absorb them ? I wonder.

Marry X'mas

GilmoreStation · #**873** Posted **Dec 25, 2018, 10:47 PM**

these units are probably not selling well

VancouverOfTheFuture · #**874** Posted **Dec 25, 2018, 11:43 PM**

Quote:

Originally Posted by GilmoreStation

these units are probably not selling well

what makes you say that? any news?

Spr0ckets · #**875** Posted **Dec 26, 2018, 12:55 AM**

Quote:

Originally Posted by VancouverOfTheFuture

what makes you say that? any news?

I can almost guarantee you that he has no more information than you have.

It's GilmoreStation.

Talking 🞵🞵🞵🞵 about, and talking down other projects that are not Gilmore Place is kind of his thing around these here parts.

I mean, look at how he phrased it...

"...probably not selling well"

He might as well have said, "I'm just guessing and pulling it out of my 🞵🞵🞵"

At least it would have been more honest.

officedweller · #**876** Posted **Jan 7, 2019, 10:13 PM**

Construction updates at the mall website:

https://www.oakridgecentre.com/blog/expect-january-6-january-18/

GenWhy? · #**877** Posted **Jan 7, 2019, 10:28 PM**

Quote:

Originally Posted by GilmoreStation

these units are probably not selling well

I heard today that the first tower was almost sold out for pre-sales or has practically fully sold out

fredinno · #**878** Posted **Jan 8, 2019, 8:32 AM**

Quote:

Originally Posted by GenWhy?

I heard today that the first tower was almost sold out for pre-sales or has practically fully sold out

Now? Are people expecting prices to go up? Because they're not.

GenWhy? · #**879** Posted **Jan 8, 2019, 5:23 PM**

Quote:

Originally Posted by fredinno

Now? Are people expecting prices to go up? Because they're not.

Prices going up or down have largely nothing to do with the quick selling pre-sale numbers. The building became available for pre-sales, the building is new and fancy. That's about it to it.

misher · #**880** Posted **Jan 8, 2019, 6:35 PM**

Quote:

Originally Posted by GenWhy?

Prices going up or down have largely nothing to do with the quick selling pre-sale numbers. The building became available for pre-sales, the building is new and fancy. That's about it to it.

Well that and you looking at the price when its built in 4+ years not the price its currently at. The market is predicted to go down for the next 2ish years and then rise sharply barring a major economic event.

Must of done a hell of a job of marketing to sell out one tower already by now. Possibly a ton of retirees?