[Burnaby] Moda by Metrotown | 33fl | Completed
 

Anyone know anything more about this project?

Spoke to a Sales rep at Polygon and she believes that they are going to launch for sales just after the Met & Silver...

Another POLYGON project around Metrotown? It wasn't too long ago when they launched and sold out CHANCELLOR in record time.

Greetings from Moda, Polygon’s stylish high-rise community in the heart of Burnaby’s Metrotown neighbourhood. After much anticipation, we are pleased to announce that our sales program will start in just a few short weeks.

Our one bedroom plus den homes range from 570 sq. ft. to 689 sq. ft. and are priced from just $289,900. Corner two bedroom residences range from 893 sq. ft. to 958 sq. ft. with amazing prices from $399,900. All homes come with parking and exclusive access to residents-only amenities including billiards, social lounge and fully equipped fitness studio.

Evoking a sophisticated character that celebrates the spirit of artistic expression and urban diversity, Moda is a 32-storey striking landmark that redefines the skyline and lifestyle of the popular Burnaby metropolis. Inside, the one plus den and two bedroom residences feature bright open-plan layouts, hotel-inspired ensuites and gourmet kitchens with sleek appliances and quartz countertops. Expansive floor-to-ceiling windows allow you to start and finish your day with sweeping panoramas of the city and surrounding parks.

We are currently putting the final touches on the Moda sales centre. We will be in contact very shortly with floorplans and further details as they become available. We look forward to helping you find a home at Moda that is right for you.

Sincerely,

Polygon Moda Tower Ltd.

Ralph Archibald
Senior Vice President, Sales and Marketing

still havent heard anything about a sales opening.... I think they are still waiting for Final Adoption. but does anyone know when Polygon will start selling this Metrotown tower?

finally a rendering here >> http://www.polyhomes.com/community/m...naby/hot-sheet

Found this on the BuzzBuzzHome Blog:

http://i.imgur.com/yeJkj.jpg
http://www.buzzbuzzhome.com/moda-condos

The tower itself is pure filler. The easter inspired townhouses are horrible.

The tower itself isn't too bad, but...ewww. Is that the Beresford side? Better not be.

All in all, it seems pretty much a standard suburban hi-rise condo ... except that red corner side .... crass and ugly. :yuck: Whose idea was that, anyway?

Maybe there's a raised prow on the other side of the building that we can't see in this rendering, if so I know dleung will be impressed.

bleh... towers which need to rely on ostentatious colours for "visual interest" have no architectural merit

My realtor buddy told me a line started forming yesterday afternoon and now there are lots of people already camped out in line already as of last night. I didnt think a line up would start that early for the Moda pre-sales on saturday!!!

That's just ridiculous... :koko:

138 sold, 111 remain

The shine is definitely off the market.

I assume this is still enough to go ahead with the project? Financing is usually dependent on a certain number of pre-sale contracts.

:previous:

Agreed. Totally.

The lacking sales for the first day, as per Metrotown standards, is indicative of a cooling condo market. I expect the value of the condo's to decrease 15-20% over the next year, suggesting that the 138 pre-sale purchasers at Moda will take a financial hit when they move in. In addition to the new mortgage restrictions, it seems that the only direction presales are going is down.

Selling out a project on the opening day/weekend in any project isn't the historical norm. 55% is pretty remarkable given current conditions. I think this reflects the pricing and reputation of the developer (Polygon).

WarrenC12 - pre-sales requirements vary depending on the project and the developer - in this case, Polygon should be fine to proceed.

I would be more worried about even larger scale projects like Solo District and Station Square...they will add a lot of presales inventory, and just like resales, when there is more inventory for sale, prices are affected.

Solo District is already priced well for buyers to line up. $230k for 1 bedrooms and $375k for 2 bedroom. Very reasonable compared to other parts of Vancouver/Burnaby.