Thursday, August 26, 2010

Be the envy of all with NV Residences


Pasir Ris will see a new condo very soon, and this is none other than NV Residences. But what does NV stand for? Envy? (We know, bad pun.) Jokes aside, this CDL condo sits just next to Livia, also another 99-year leasehold CDL condo. Details? Find out inside.

This District 18 condo is closer to Pasir Ris MRT compared to Livia. With eight 12 to 15 storey blocks, NV Residences sits on a fairly large plot of land. Will the units be as spacious as Livia's? For that we'll have to look at the floorplans when they launch.

Tenure: 99 year leasehold
District: 18
Developer: City Developments Limited (CDL)
Estimated TOP: 2014
Site Area: ~328,110 sqft
Blocks: 8
Storeys: 12-15
Units: 642 units

Notable Facilities
TWO tennis courts
Gym
50m Lap Pool
Jacuzzi

Unit Breakdown and Typical Sizes (Approximate)
1 BR (495 & 657 sqft) 
x 27
2 BR  (743 & 936 sqft
) x 144
2 + 1 BR (872 – 1,066 sqft) 
x 144
3 BR (1,087 – 1,259 sqft) x 104
3 + 1 (1,184 – 1,464 sqft 
x 145
4 BR (1,453 – 1,658 sqft) x 72
5 BR Penthouses (2,497 sqft) x 6

Location

Image: Onemap.gov.sg. Note: Site overlay is approximate.

Site Layout

We see two tennis courts!

Prices
According to our sources, we are told that a 2BR unit is going for '$6xxk". Assuming $600k for a 2BR, 743 sqft unit, it works out to $807 psf. Assuming $650k for the same size unit - $874psf.

The average price of Livia was approximately $650 psf back in early 2009. A steal if you ask us. Today's URA caveats, however, show a different story. To date, a single unit sold this month went for $804 psf, while from May-July 2010, the average was $769 psf.

Our guess - $850 to $900psf. Remember it's only a guess.

Launch date
When all the Chinese 'hungry ghosts' have gone back to their fiery subterranean abodes, i.e., September 2010.

Stay tuned people.

More artists' impressions below:

Pool area.


Aqua gym.


Playhouse.


Garden with Bottle-neck trees (we think!).

As posted in h88.com.sg by John

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