Wednesday, November 11, 2009

Property Launches Parvis at Holland Hill

Preview 1st week November 2009

As posted in www.h88.com.sg 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 at Holland Hill also has big units

Parvis at Holland Hill has got big and comfortable looking units, bucking the trend of tiny units. The project is located at the former Holland Hill Mansion site close to Holland Village and is part of District 10.


2rm units without Private Enclosed Space (PES) come in a standard size of 990 sqft and are by far some of the larger ones we have seen lately. The 3rm units without PES also have a uniform size of 1,701 sqft while the 4rm units start from 1,991 sqft. Notably, units with PES have the extra space clearly spelled out in the brochure and are approximately anywhere from 333 - 785 sqft.

The 4rm master bedrooms are luxurious with room even for a seperate bathtub and shower. In general, the rooms have squarish layouts without those oddly shaped corners.


The location of Parvis at Holland Hill.


The siteplan superimposed on a satellite image (for rough illustration purposes only).

Project Details:

Lease: Freehold
Site Area: 243,527 sqft
Address: 12, 16, 18 Holland Hill
Developer: Ho Bee Group and MCL Land
Estimated TOP: 2013
Floors: 12
Units: 248 total, 2rm (51) , 3rm (100), 4rm (76), Penthouse (21)
Typical Sizes:
2rm (990 sqft, 1,195 sqft, 1,442 sqft)
3rm (1,701 sqft, 2,002 sqft, 2,260 sqft)
4rm (1,991 sqft, 2,013 sqft, 2,325 sqft, 2,347 sqft, 2,583 sqft, 2605 sqft)
Penthouse (2,293 sqft - 3,229 sqft)
Carpark: 273


Unit distribution for the project.


Unit distribution for block 12.

Facilities:
  • Junior Pool
  • Lap Pool
  • Dip Pool
  • Jacuzzi
  • Steam rooms
  • Clubhouse
  • Gym
  • Multi-purpose Room
  • BBQ
  • Playground
  • Fitness Station
  • Tennis Court
Updated siteplan:

Stacks 11-25 now get a healthy dose of west sun at an angle. Stacks 1-10 have a lovely North-south facing.

Siteplan showing facilities and stack numbers.


The 2rm layouts mostly come in one standard size.


The 3rm units are pretty big. But note the large balcony and planter.


The huge 4rm units with a luxurious looking bathroom.


Rendering of the pool side.


Another rendering of the lounge area by the pool.

They enbloc Holland Hill Mansions at S$749.39psf/ppr so add another S$500psf for construction, S$200psf for profit. A good guess should be around S$1,450psf to S$1,500psf.

Latest Update: Parvis going for an average of $1480 psf

85 of the 248 units are being launched this week at an average price of $1,480psf. The 12-storey freehold condo at Holland Hill is jointly developed by Ho Bee and MCL Land. That works out to about $1.62m for a 990sqft 2BR and $3.02m for a 1,991aqft 4BR.

Somehow we don't see huge crowds thronging the showrooms. Where have all the mass market condo launches gone? Are all the landbanks used up?

Via Business Times- "Ho Bee, MCL launching Parvis condo at $1,480 psf average"

Latest 11 November 2009

Parvis sells 51 units, Trilight moves 61 units

With the opening of the two integrated resorts round the corner, will the luxury and high end market gain momentum as many punters have been anticipating, or has all the hype been priced in already?

Although not a sell out crowd, it seems that there are some hints of movement at Parvis at Holland Hill and Trilight - Parvis sold 51 units while Trilight has moved 61 units to date. Parvis comprises of 248 units, Trilight has 205 in total.

Both of these condos are considered to be in the mid to high end range, with Parvis (District 10) calling an average price of $1,480 and Trilight (District 11) asking for $1,650psf.

Interestingly, the units that moved the most at Parvis were 4BR units. Fourteen 3BR and fifteen 2BR units were also sold at the development. However the interest still seems very much localized with Singaporeans picking up 39 of the 51 units sold.

Aside from that, it does not take a genius to notice that the market has been eerily pretty quiet. But we detect some undercurrent...perhaps all the developers are waiting for the IRs to open and ride on the frenzy, rolling out not-seen-before projects at never-seen-before prices.

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