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Showing posts from April, 2010

Flamingo Valley's details

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Finally! Details of the much awaited Flamingo Valley has trickled out and straight into the open mouths of you hungry investors to feast upon... Tenure: Freehold District: 15 Developer: Frasers Centrepoint Homes Estimated TOP: 2015 Site Area: ~335,418 sqft Blocks: 9 Floors: 3-5 Units & Typical Sizes: 1+Study (~510-680 sqft) x 41 2BR (~820-1100 sqft) x 65 2+1 (~970-1,200 sqft) x 24 2+Loft (~990 sqft) x 4 3BR (~990 - 1,600 sqft) x 126 2BR Dual Key (~780 - 940 sqft) x 15 3BR Dual Key (~1,200 - 1,520 sqft) x 21 4BR (~1,590-1,930 sqft) x 48 2BR/3BR Roof Terrace PH (1,600 - 3,200 sqft) x 21 3BR/4BR Duplex Penthouse (2,000 - 2,700 sqft) x 26 4BR Penthouse (3,000 sqft) x 2 And for those that have been hiding their heads in the sand, here is the location of the old Flamingo Valley that was enblocced and now transformed into a swan brand new Flamingo Valley: The siteplan for the new Flamingo Valley: Notable Facilities: 50m lap pool Sp

Update: Tree House is doing very very well

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We told you it was going to be HOT. We have news that CDL's Tree House has SOLD OUT all its 2BR and 2+1BR units. Prices for this Chestnut Avenue development are in the $780-$900 psf range. Going by this photo below, there's a huge demand for this mass market condo. Just look at the crowd. This is a Thursday morning! Don't these folk have to work? Image from tipster C. Wong. You'd think it's some grassroots event or some big-shot's wedding! This is not even the showflat. This is the balloting area where potential buyers are waiting for their name to be called. The showflat is next door on the right! There aren't many mass market units around this year so as expected there's plenty of pent-up demand. Prices According to our sources: 2BRs - $850-$900psf, around $610k to $640k. 2+1BRs -$850-900psf, around $680k to $770k. 3BRs - $800-900psf. around $900-$1000k. 3+1BR - A 16th floor, 1,227 sqft unit in Stack01 is going at $1.033m or $84

Condo Preview: Tree House

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Tucked away in the quiet corner of Singapore, surrounded by lush untouched greenery, is CDL's latest - Tree House . Check out this 24-storey, 99-year condo in District 23. We've got plenty of photos, site layouts, floorplans and much more! Tree House is quite aptly named, it's literally surrounded by trees. Situated at the junction of Petir Road and Chestnut Avenue, this development is also quite 'ulu' or remote. Some might like this area for the greenery, peace and quiet, some might hate it for the inconvenience when it comes to getting around. The developer City Developments Limited (CDL) won the tender for this site back in late-August 2009, making this the quickest turnaround ever - 8 months from winning the bid to project launch. It's obvious they're trying to catch the buying wave. They won the bid at $144m, making it around $280 psf ppr. Tenure: 99 yrs District: 23 Developer: City Development Ltd Estimated TOP: end-2014 Fl

Flamingo Valley launching soon

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Flamingo Valley (en bloc 2007) Flamingo Valley was bought by Frasers Centrepoint for $194m back in early 2007, plans to develop the freehold site was put on hold due to the uncertain economic outlook in mid-2008 to 2009. They decided instead to rent it out for the time being in late 2008. Potentially, the old 185-unit condo would be able to yield a five-storey condo with 300 units in the 335,161 sqft site. With a gross plot ratio of 1.4, the developer has forked out about $413 psf ppr. Date of launch is still unknown, there aren't any rumours on the ground at all. However, three years is a long time to hold on to something, and it could be that they're waiting for the existing rental leases to run out. We're guessing 2010 is the year the developers make good on their investment. Condo Details Lease: Freehold Developer: Frasers Centrepoint District: 15 Amount paid: $194m Estimated number of units: 300 Estimated price: $890 - $910 psf Location Map

April en blocs: Marina House, Culford Gardens and Diamond Towers

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April looks like a good month for en blocs. Diamond Towers in Balestier was recently bought for $49.6m by EL Development. Last Friday also saw Culford Garden in Siglap bought for $39m by Fragrance Properties. Marina House in Shenton Way was bought for $148m by Roxy Pacific Holdings last Monday too. The price paid for Diamond Towers works out to $652 psf ppr while Culford Gardens works out to $632 psf ppr. Shenton Way's Marina House will be converted into a brand new 42-storey apartment with commercial space on the first floor. As posted in h88.com.sg by John

Collective sales are back

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A new spell of collective sales is upon us once again. Over the past few weeks, several notices by owners to sell their homes en-bloc have been announced. And at a recent seminar, a speaker confidently predicted 30 such deals for this year. For those involved in such sales, it brings back to mind a whole gamut of feelings - of anxieties, hopes, happiness, sadness, bitterness and hate. On hindsight, the last wave of collective sales was the most impactful although for some, it was the most destructive or disruptive, even wasteful. A 10-year old development had been put up for sale. Housing leases were pre-terminated en masse forcing mostly expatriate households to re-locate. Demand soon outstripped supply as the rental stock dwindled rapidly. Rents doubled or tripled affecting all tenants. Within months, rental yields reached new highs rendering an abnormally artificial gloss to property investments although the impact was one-off. Misled into thinking there was strong inflows of

Waterbank at Dakota teases buyers

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Waterbank@Dakota will be the next major condo to be put under the microscope - by both home buyers and investors. Why? It is very close to town (much much closer than some recent launches) It is very close to the Dakota MRT station (~200m) though you have to walk through a HDB estate to get there It can be "sold" as waterfront living to some gullible "ang mo" There are a good number of studios, 1+1, 2BR and even some Dual Key units which mean total prices would be small-er. This area has been largely ignored for the longest time and has been "rejuvenated" Above is a rough location map for you guys to get an idea where this condo really sits (for rough illustration purpose only). Quite obviously the south facing units will get pretty much an unblocked view due to the landed housing estate across the river. Mhmm....an artist's illustration of the landed estate view and beyond (Marine Parade). The real deal... waterfront

Where are property prices now

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In general: smaller price increases, at or near record levels - that is where we are now, according to flash estimates by the authorities. HDB prices are at an all time high...never seen before! Private property prices are reaching an all time high...we give it one or two more quarters to surpass it (barring all the usual excuses). If you ask how much we are up from one year ago, HDB homes are up an amazing 12% (pretty huge for HDB) and Private property is up a modest 24.5%. HDB resale prices are also estimated to break a new record - according to the HDB resale flat price index. And although private property still hasn't reached its 1996 peak yet, it is almost there. Some we have spoken to told us that HDB prices were well bolstered during the down turn by a sustained demand for cheaper housing and a growing population, all this while private property was taking a beating from business sentiment. Of course we also have friends in the industry that tell us

Condo Review: The Vision

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About The Vision West Coast's newest addition comes to you via Hong Kong's Cheung Kong. Guaranteeing many units a view of the sea, this District 5 condo is also priced very handsomely. Comprising two blocks and 14 landed homes (something you don't see too often these days) the 99-year development opened to much interest, with all 100 units in the first phase sold out . Tenure: 99yrs District: 5 Developer: Cheung Kong Property Development (Hong Kong) Estimated TOP: Mid 2013 Floors: 33 Blocks: 2 and 14 strata-titled landed houses Units: 295 total, 2BR (93), 3BR (154), 4BR (32), PH (2), Strata House (14) Unit Sizes 2BR: 818, 829, 904 sqft 3BR: 1,259 - 1,313 sqft (PES: 1,776 - 2,110 sqft) 4BR: 1,604 sqft (PES: 2,562 sqft) PH: 2,702 sqft Strata Houses: 4,467 - 4,855 sqft Notable Facilities: Basement parking Swimming pool Location Note: Map overlay is approximate. Images: Google Maps. West Coast isn't exactly close to town. And it's