Showing posts from 2009

Former Rose Garden, New Property Launch

The Shore Residences comes to Amber Road As posted in by John Lovers of Katong rejoice, The Shore Residences at Amber Road is ready to launch. The 99-year leasehold condo developed by Far East Organisation is right opposite Katong Shopping Centre and just a short walk away from Parkway Parade . Location Note: Map overlay is approximate Tenure: 103-year [Note: We're checking our sources to clarify if this is 99-year or 103-year.][See update below] Site Area: ~191,037 sqft Developer: Far East Organisation Estimated TOP: 2015 Blocks: 6 Floors: 20 storeys Units: 408 total, Studio (84), 2BR (208), 3BR (88), 4BR (24), Penthouse (4) Typical Sizes: Studio (592 - 732 sqft) 2BR (872 – 1,055 sqft) 3BR (1,141 - 1,507 sqft) 4BR (1,378 – 1,432 sqft) Penthouse (2,766 sqft) Sitemap Facilities Lagoon Pools 50m Lap Pool Cliff Villa Spa Pools Sunbathing Decks BBQ Cabanas Tennis Courts Gymnasium Sauna Floorplan (Tower A1, 9th Storey) Note: These f

Like walking on GOLD

Record price for retail shop As posted in by Yeo ZH Units at The Marq transacted at $5,262 psf and Orchard Residences (above Ion) at above $5,000 psf. So you think our high-end condos are expensive? Wait till you hear about another insane retail shop purchase in Hong Kong - at $135,000 psf! The 1,212 square foot shop is located at the busy Tsim Sha Tsui district and houses the luxury retailer Emperor Watch & Jewellery, owned by the music tycoon Albert Yeung. At $135,000 psf, the shop transacted at $163m - you could buy 20 units at The Marq, or both Anson and VTB buildings in the CBD and still have cash left over. I did some rough calculations; assuming we pave the entire floor of the shop in 2cm thick gold bars - it works out to be almost the same price, give or take a couple of million bucks. Picture of the shop here . I don't know about you guys, but that shop looks kinda run down, like something you'll see in Little India.

Urban Suites 1st high-end launch of 2010

Urban Suites the next luxury condo to watch for As posted in by Francis on 18 Dec 2009 In case you are still wondering where the market is heading next year, the luxury market is the one to watch for. There is no doubt other developers are now itching to ride on the wave Marina Bay Suites created and the first one in line seems to be Urban Suites in District 9. Tenure: Freehold Site Area: ~93,274 sqft Estimated TOP: 2013 Blocks: 3 Floors: 20, 20, 17 storeys Units: 165 total, 2BR (26), 3BR (94), 4BR (40), Duplex Penthouse (5) Typical Sizes: 2BR (~1,044 sqft) 3BR (~1,550 - 1,615 sqft) 4BR (~2,002 – 2,045 sqft) Duplex Penthouse (~3,348 - 4,715 sqft) The Freehold site is located in one of Singapore's most prestigious neighborhoods and found along Hullet Road, just north of Orchard Road and all those chichi boutiques in Ion Orchard and Takashimaya Ngee Ann City. The site sits upon what was previously known as Char Yong Gardens . The location of Urban

Adria at Derbyshire road launched

Adria, latest launched FREEHOLD residential project inspired by the charm and ambience of the Adriatic coast in Italy. Adria is situated at Derbyshire Road, a short walk from Novena MRT Station in prime district 11. Located near Novena Square and a short drive away from the shopping paradise of Orchard Road, residents will enjoy a host of amenities in the vicinity. Adria is also within walking distance to Saint Joseph’s Institution Junior. Comprising 1, 2, 3 and 4-bedroom apartments, this project presents an excellent choice for both investment and own stay. FACILITIES • 28M Lap Pool • Spa Pavilion • Lounge Pool • Spa seats • Sunbathing Deck • Water Pavilion • Garden Pavilion • Gymnasium AMENITIES • Near Novena MRT • Close to Orchard Road • Close to Tan Tock Seng Hospital NEARBY SCHOOLS • St Joseph's Institution Junior Single storey Units or Apt. Type : sq ft 1 Bedroom (21 units)538 - 581 2 Bedroom (42 units)656

Is Marina Bay worth buying, Yes

2 Keppel directors buy Marina Bay units As posted in Straits Times by Lee Su Shyan TWO directors in the Keppel group of companies are shelling out millions of dollars for units in the plush Marina Bay Suites that Keppel Land is involved in developing. Keppel Corp director Alvin Yeo, who is also the senior partner at law firm Wong Partnership, is paying $6.54 million or $2,442 per sq ft (psf) for a 2,680 sq ft apartment on the 32nd floor of the luxury project. The details of the transaction were disclosed in an announcement by Keppel Land to the Singapore Exchange yesterday as part of the exchange's listing rules. No discount was given by Keppel Land, which is one of the joint-venture partners of the project along with Hongkong Land and Cheung Kong Holdings. Keppel Land director Niam Chiang Meng is paying $4.577 million or $2,238 psf for his unit, also on the 32nd floor but smaller at 2,045 sq ft. Mr Niam also did not receive any discount. The recent preview of Marina Bay Suites saw

Silversea Launched

SILVERSEA Rising from a lush landscape of coastal greenery, Silversea is an architectural expression of the silvery horizon where sky meets sea. Accentuated by balconies that twist skyward, the towers make a bold statement in the form of a graceful sculptural wave. On the 11th floor of each residential tower, a sky promenade, designed to complement magnificent unobstructed sea views, stretches across to link 2 buildings. - Located at Marine Parade Rd - 99yrs leasehold - TOP: estimated end of 2012 - Site area: 218,435 sqft - Total unit: 383 units in 4 towers - Unit available: 2bd (980 sqft), 3bd (1500 sqft), 3+1 (1700 sqft), 4bd (2500 sqft) - Price starts from $1275 psf onwards FACILITIES . Alfresco dining pavilion with cooking facilities and outdoor lounge . Poolside dining deck . Leisure Pool with water deck . Hot water Jacuzzi . Lagoon Pool with beachfront edge . Day Cabanas with Barbeque facilities . Poolside Sun Deck . Lap Pool with lap markings . Hydro-jets seats .

Rich Buyers are back to buying high end

Sentosa Cove sees increased interest As posted in on 7 Dec 2009 by John Uber-rich buyers are coming back, and they are buying bigger, more expensive homes, in Sentosa Cove at least. Is this a signal that 2010 will see a strong recovery in the mid-to-high end property sector, a 'top-down' recovery, so to speak? After all, Singapore's economy looks to be recovering stronger than expected. According to Savills, there were 14 transactions done in September and October this year which involved homes that cost above $10m. By comparison, there were only 17 such transactions in the period between Q4 2004 to Q4 2008. Prices have also risen, but have not yet reached the peaks of Q1 2008. And in another Savills report, foreign buyers have also increased their share of homes in Sentosa Cove too. Compared to the period between 2007-2008, which saw 38-30% foreign ownership, the first 10 months of this year saw foreign buyers taking 43% of the homes transacted. Let's re

En Bloc Dragon Mansion at District 2

Hooray! First en bloc after 20 months! As posted in on 2 Dec 2009 by John Finally, it's official - Dragon Mansion is the first successful en bloc this year. Sold to RL Developments, a unit of Roxy-Pacific Holdings for a cool $100.8m. We broke the story of their offer for the Spottiswoode Road condo in back in October. Now it's finally got the approval of the residents, all it has left to clear is the final approval from the Strata Titles Board. Each owner of the 72-unit freehold condo will get around $1.4m. The amount of $100.8m includes the development charge and works out to about $863 psf ppr. Good news! It now starts the en-bloc ball rolling! Who's up next? Pine Grove ? Meyer Place ? Via Channel News Asia and Today Online . As posted in on 20 Oct 2009 by John Yes! Finally, Dragon Mansion has done what no other has done this year - it on it's way to a successful en bloc ! Since the tender was announced way back in July 2

Marina Bay Suites sells fast; let the good times roll

As posted in on 25 Nov 2009 by Francis We are getting some unconfirmed reports on the ground that Marina Bay Suites is moving fast and that there is quite a crowd at the sales gallery. The prices were lower than expected and start from ~$18xx psf. Units on the lower floors were released first, although it seems more have been made available due to good response. It seems at least one stack was said to have been sold out by mid afternoon. If the good times keep rolling for the rest of the day, we expect around half a billion dollars or more to have exchange hands on paper at the Marina Bay today . Some property enthusiasts online have even compared this 'feeling' with the 2007 bull run, which started at the same place in late 2006. So the much awaited Marina Bay Suites which was held back for a year or two will finally preview tomorrow. Word on the street is that this launch is very closely watched by key industry players, as sales performance for

Capital Gains to EC owners

CBRE: Executive Condo median prices rise 63 per cent As posted in on 24 Nov 2009 by John According to CBRE, the median prices of Executive Condos (EC) have risen a whopping 63% over the past two years. Median resale prices for ECs in 2009 were at $519 psf compared to Q3 2006 when it was at $319 psf. Helped no doubt by the property boom this year. The owners of ECs like La Casa will surely have a very big smile on their faces! It seems that ECs are worth a second look! There will be two EC plots of land on the confirmed list next year. Read on to find out where they are. One of them will be in Yishun Avenue 11 (which will surely give The Estuary a huge run for their money) and the other at Buangkok Drive/Compassvale Bow. Keep a look out for tenders coming up in the first half of next year. Find their exact locations . ECs are a sort of HDB/Condo hybrid, similar to DBSS but with more strings attached. They were built to bridge the gap between condos and HD

Property Launches Preview of Marina Bay Suites

Marina Bay Suites finally launching As posted in on 29 Oct 2009 by Francis Note: The Sail's two towers have been omitted in this rendering... It seems like the luxury Marina Bay Suites is finally launching after almost 2 years. Sources have confirmed that agents will be briefed about the project before the week ends. This project first came under our radar in early 2008 when we received early plans of the development. Additionally, there have been some murmurs recently going on about reconfiguration of Marina Bay Suites to accommodate 2BR units or even Studios. While these are all just rumors (until we confirm it!), it does seem to make a little sense for the developers to cash in on the "Mickey Mouse" fever we have seen lately. The original plan was for 110 4BR units, 108 3BR units and 3 penthouses (221 total ) as seen below: Original project details (Jan 2008): Marina Bay suites is located just south of the sail (left bottom) and east of

Adria in District 11 for the expats

Adria from FEO launching soon As posted in on 19 Nov 2009 by Francis Far East Organization seems to be defying the market sentiment and launching the Adria. But perhaps the right time to move in is when everything is all quiet! There are few details about the Adria, but what makes it yummy is it's Freehold status in prime District 11, just off Orchard Road. For the uninformed, District 11 is a well-known fishing pond for corporate leases to expats. Facilities: 28M Lap Pool Spa Pavilion Lounge Pool Spa seats Sunbathing Deck Water Pavilion Garden Pavilion Gymnasium Artist's impression of the lobby. Siteplan of the Adria. .

Singapore declares recession over

Singapore on Thursday declared a severe recession over as data showed its economy grew for the second straight quarter in the three months to September. Official data released Thursday showed gross domestic product (GDP) expanded 14.2 percent in the July-September period on a quarter-on-quarter annualised basis following a 21.7 percent surge in the previous quarter. "Effectively, the recession in Singapore is over," Ravi Menon, the permanent secretary with the Ministry of Trade and Industry (MTI), said at a media briefing. Year-on-year, Singapore's GDP grew 0.6 percent in the third quarter compared with a 3.3 percent contraction in the April-June period, the MTI said in its third quarter economic survey. In its outlook for 2010, the ministry forecasted economic growth of 3.0-5.0 percent while maintaining its existing projection of a contraction of 2.0-2.5 percent this year. Singapore's trade-reliant economy was the first in Asia to sink into a recession last

HDB 4-room Flat for S$653,000.00

Record $673 per square foot for Queenstown HDB flat As posted in on 13 Nov 2009 by Francis An Indonesian Permanent Resident (PR) and a Singaporean woman paid $674 per square foot (psf) or $653,000 in total for a 4rm flat in Queenstown. This breaks the earlier record of $609psf made in January 2008. Are we surprised? Nope. With the flexible PR policy, lack of immediate supply, skyrocketing mass market condo prices and most importantly location...this was bound to happen sooner or later. The unit is found along Strathmore Avenue, and if you are wondering why it sounds so familiar...that's because it is shares the same street address as the much anticipated Dawson Build-To-order next month . Even if we exclude the $68,000 cash-over-valuation, we are guessing the previous owners would still have made a killing from the difference of the original don't say we didn't tip you on whats hot! ( Editor: Application for TOTO BTO is only $10...

Land Parcel Upper Thomson winner revealed

As posted in on 9 Nov 2009 by John Upper Thomson land parcel winner revealed We should have known there was a Hong Kong hand behind the bid. Just look at the bid numbers - 251338668. The bidder, Treasure Well Investments, is actually a unit of Cheung Kong Holdings , which belongs to - who else - Hong Kong's richest tycoon Li Ka-Shing. If you've been hiding under a rock, Li Ka-Shing is one of the world's richest men ( #16 at $16.2 billon ). Singapore's richest - Far East's Ng Teng Fong - is at #118 with a paltry $6.1 billion . No wonder Far East lost the bid (they were second)! The question is: are they overpaying? Their bid was a good 21.5% over Far East's. Are they flush with funds thanks to the property boom in China and Hong Kong? Maybe. But we think the answer is simpler: they have better feng-shui masters. As you know Cheung Kong's bid was a nice $251,338,668.00. It shows far greater detail and thoughtfulness, all the way do

Property Launches Parvis at Holland Hill

Preview 1st week November 2009 As posted in on 10 Oct 2009 by Francis Located at Holland Hill, off Holland Road and Queensway, Parvis (formerly known as Holland Hill Mansion) boasts a popular address well-received by both locals and expatriates. Nestled in a quiet neighbourhood in the desirable district 10, the residential redevelopment of this well-located purchase parcel is one to look out for! This prime lot is highly accessible via major trunk roads, such as Holland Road, Queensway and Farrer Road. Potential residents can also look forward to ready MRT access with the completion of nearby Circle Line Stations, Farrer MRT Station and Holland MRT Station, expected to be in operation by 2010. Prestigious schools such as Anglo Chinese School International and St. Margaret’s Secondary School are also situated in close proximity. Urban comforts are also a short ride away, with Holland Village and Orchard Road offering a variety of exclusive lifestyle indulgences. Parvis a