THis should be in the Elysian thread but its such a wonderful piece of journalism I had to share.
This is the front page of the Examiners property page
irishexaminer.ie/business/pr … 90122.html
THERE are green shoots of growth — in more ways than one — at the country’s tallest apartment tower, Cork’s Elysian building.
There are 15 sales contracted, out of 25 deposits already secured, with one €1.8 million purchase handed over, while the first new residents have recently moved in, mostly to apartments bought by investors.
.
One of the glazed tower’s sharp, angular winter gardens (with the help of Corrigan and Dunsland Garden Centre) is growing tomatoes, olives, a range of citrus fruits, including oranges, and even grapes on a vine.
The Elysian was given a champagne launch in September, at a time when the property market had lost its fizz, with developer Michael O’Flynn of O’Flynn Construction going for assertive pricing, which he argued represented the cost and the value of what is one of the country’s landmark quality developments. So getting 15 signed contracts and sales in the current market is a solid achievement
.
"
"
Moving on sales will continue apace for the** 211 apartments**, ranging across 57 types or variations and from one beds to four beds.
For those watching other developments with price reductions, the continuing word on the Elysian is the prices are fixed, no negotiation. O’Flynn Construction, via Sherry FitzGerald, is offering a price guarantee similar to Ulster Bank’s against any reductions in value/price over a specified time period.
Prices range from 630 sq ft one-beds, with parking, at €375,000, through to 1,117 sq ft two-beds at €575,000, larger three-beds (two en-suites) at €750,000, while the best and largest penthouses are up to 2,450 sq ft and priced up to €2 million.
That’s one for the ‘quotes from the VI’s what they said and when they said it’ thread. Will be interesting to see price drops quietly creep in, wait till they go POA (as is the norm not to make drops obvious). Ultimately it will require a firesale to shift these
FB2
April 25, 2009, 6:59pm
3
Nope, sorry Roadhouse. Deals will be done on the QT to off load them to their buddies to attempt to drum up interest from the herd. I know of it going on all ready.
Anyway this should go back to the other thread.
Good OP though. Whodatunkit. Veggy plots in a high rise. People will be growing plants in their flats to help pay the bills alright. But they won’t be tomatoes.
FB2:
Nope, sorry Roadhouse. Deals will be done on the QT to off load them to their buddies to attempt to drum up interest from the herd. I know of it going on all ready.
Anyway this should go back to the other thread.
Good OP though. Whodatunkit. Veggy plots in a high rise. People will be growing plants in their flats to help pay the bills alright. But they won’t be tomatoes.
I bet their running a Mexican fruit picking scam.Thats how their smuggled in.Au pairs my arse.Their here to pick our fruit and steal our wimmin.
FB2
April 26, 2009, 1:42am
5
Deytukurjerbs.
scary because we’ll hear so much more of that in the future.
I’d be more worried about the “swine flu” right now!
needle
April 26, 2009, 11:49am
7
discostu:
There are 15 sales contracted, out of 25 deposits already secured, with one €1.8 million purchase handed over, while the first new residents have recently moved in, mostly to apartments bought by investors.
"
15 sales out of 211.
So its 7% sold then…
No wonder it needs a write up.
But but…its got oranges, some in Cork think its a bit of a lemon
ewd3
April 28, 2009, 3:13pm
9
Aha!! so it matters not I am selling Jackshit
because my neighbour Farquahar O’Canny is also selling jackshit…
Namatastic logic there …
Note to all aspiring buddies
the super duper discount rate may not urn out to be such a bargain…
It’s an old sales tactic keep advertised prices high so as to hook greedy wannabee inside traders into the old
deal of a lifetime
this whole article is typical of many examiner articles, a press release (barely) disguised as a news article. one wonders are the facts even checked.
here is another even more blatant example of it today…
examiner.ie/breakingnews/ire … 09702.html
2Pack
May 7, 2009, 8:26am
11
The average Examiner journo has recently left college with at beast a ‘Desmond’ in Arts or ‘Communications’ ( God help us ) and earns less than €30k a year …quite commensurate with their talents overall.
Is it any surprise that they simply regurgitate press releases ??