Showing posts from August, 2009

Property Launches Update: Trevista selling like hotcakes

As posted in on 29 August 2009 by John Property Launches Update: Trevista selling like hotcakes You've heard all about yesterday's frenzy at the Trevista showflat (if you've been living under a rock, here's an article from BT and ST). Well, we popped by today to take a look, and boy was it packed! A little word of advice to those interested - act fast and act now! Units are selling like hotcakes! Here's a little appetizer before our main review, garnished with some prices and served with a couple of delectable photos. Many units have already been sold. According to our sources, the 1 and 1+1BR units are all sold out, some low floor 2+1BR units remain and entire stacks of east-facing 3BR units are all gone! The developer is releasing more units as we speak, so if you're thinking of getting a unit there, better make your way down before all the good ones are gone (and frankly, most of them are). Prices (as of yesterday and today)* 28 Aug

Trevista - NTUC Union Members Advantage

TREVISTA - U-FAMILY ADVANTAGE PACKAGE FOR NTUC UNION MEMBERS All buyers of Trevista (including NTUC Union Members) enjoy the same price but NTUC Union Members are further entitled to the following benefits: Special Benefits For NTUC UNION Member NTUC Union members who purchased a unit in Trevista during the preview period will be entitled to 55,000 LinkPoints and a choice of 1 additional package (worth up to $3,000 for Type A & B & up to $6,000 for Type C & D): a) 2-year Mortgage Protection Plan (MPP) by NTUC Income; or b) Integrated fridge within the apartment; or c) Family cash rebate - that is for Purchaser(s)' who has parents or children staying within Toa Payoh; or immediate family members who buy a unit in Trevista as well. Terms and conditions 1) Buyer has to be a NTUC Union members who are paying $9/ month for subscription fee. (Refer to attached cards for reference) I.e Buyers need to have either card to enjoy the benefits above 2) Only 1-ti

No change to income tax treatment for individuals who sell their properties

NO CHANGE TO INCOME TAX TREATMENT FOR INDIVIDUALS WHO SELL THEIR PROPERTIES 1. Following the recent public consultation exercise, the Ministry of Finance has decided not to change the current income tax framework with regard to individuals who sell their properties. 2. Under the current framework, IRAS considers the facts and circumstances of each case to determine if the individual owner concerned should be subject to income tax on the property disposal gains. In practice, IRAS has assessed gains from property disposals to be taxable income for only a small number of individuals – typically those who regularly transact in property. 3. Under the proposal that was put up for public consultation, individuals who sold their properties would be certain that the gains they made would not be subject to income tax if they had not sold any other properties in the preceding four years. Under all other circumstances, whether the gains from a property sale were sub

Property Launches Update: Trevista pricing and launch date

As posted in on 19 Aug 2009 by John Property Launches Update: Trevista pricing and launch date Update: Trevista pricing and launch date UPDATE: You might have already heard, or you might have already guessed, the Toa Payoh condo Trevista would be going for around S$1,000 psf. And according to our sources, you need to bring a signed cheque along if you want to enter the VVIP preview this weekend. We've found some listings online (PropertyGuru) that saw a 2BR, 926 sqft unit going for around S$949,000 or S$1,024 psf. A 465 sqft Studio is going for about S$474,000 or S$1,019 psf. Our sources also confirmed the $1,000 psf asking price. Compared to the 99-year leasehold, 11-year old Oleander Towers (sitting right beside Toa Payoh MRT), caveats lodged in June this year averaged S$725 psf. One other interesting development is that agents are now asking for signed cheques from interested buyers first before being allowed into the VVIP or VIP previe

Condo Review: Waterfront Key

As posted in on 7 Aug 2009 by John Condo Review: Waterfront Key About Waterfront Key Situated right in front of Bedok Reservoir, the 437-unit Waterfront Key is jointly developed by Far East Organization (Centro Residences) and Frasers Centrepoint (8@Woodleigh). This 99-year, District 16 condo is made up of eight 15-storey blocks with a unit mix ranging from 2BRs to Penthouses. TOP is scheduled for Dec 2015 (that's 6 years from now!). Marketed heavily as waterfront living (their brochure proudly proclaims "Live at the water's edge"), residents are separated from the scenic waters of the reservoir by only the four-lane Bedok Reservoir Road. So this is not some sales and marketing spin (like when 'near' is not so near or when a '3 minute walk' is actually 10 minutes), one is literally living at the water's edge. Facilities are "full condo" which include a 50m lap pool, tennis courts, hydro-therapy pool an

Condo Review: Optima @ Tanah Merah

As posted in on 5 Aug 2009 by John Condo Review: Optima @ Tanah Merah Foreword This condo sold out in a matter of three days. Initially we thought a review of a sold out condo would be pointless. But with units appearing on the subsale market within a matter of days and since we actually made our way down to Tanah Merah, it would be a pity not to review Singapore's hottest selling condo. We're sure you'd want to know why it's such a popular project. About Optima @ Tanah Merah This 297-unit project has five 14-storey blocks that is located right across the Tanah Merah MRT. This District 16, 99-year leasehold project is expected to TOP in mid-2014 and is developed by TID Pte Ltd - a joint venture between Mitsui Fudosan of Japan and The Hong Leong Group. It comes complete with "full condo" facilities, including a 50m lap pool and a tennis court. First Impression It's hard to miss Tanah Merah MRT right across the street. And the devel

Property Launches Trevista at Toa Payoh

As posted in on 3 Aug 2009 by John Property Launches Trevista at Toa Payoh on the way Trevista at Toa Payoh on the way The Trevista is a 99-year, 590-unit condo is to be build right in the heart of Toa Payoh. The three tower, 39-storey condo is developed by NTUC Choice homes and has a unit mix of Studio, 1+1, 2, 2+1, 3 and 4 bedrooms. Estimated Units and Sizes (sqft) 19 x Studio (465) 25 x 1+1 BR (690) 117 x 2 BR (860 – 926) 19 x 2+1 BR (1,012) 298 x 3 BR (1,100 – 1,280) 112 x 4 BR (1,560 – 1,730) Expected Date of Completion Late 2012 [Update 17 Aug 2009: We've added the site layout for Trevista. Note that most of the units are generally East-West facing.] Drop me an email at for a full brief on the project.