Urban Resort Condominium (D09) - By Capitaland - New Launch

[roger168]

http://myurbanresort.files.wordpress.com/2011/04/urban-res-main.jpg

Urban Resort Condominium
===
Developed By Capitaland
An Established Developer
===
Urban Resort is situated @ 32 Cairnhill road, a premium location with a prestigious address. Located within 2minutes walk to the Heart of Orchard road.

Urban Resort comprises of only 64 exclusive units ranging from 3 to 4 bedroom apartments.

http://myurbanresort.files.wordpress.com/2011/04/urban-res-lap-pool.jpg

Featuring two towers of 18 and 20 storeys high with basement carparks, swimming pool and communal facilities.

Well Designed with functional spacious layout, Urban Resort is located just within walking distance to Orchard Road – Your Shopping Paradise
===
Luxurious units for your comfort stay
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3bdrm - 2121 sqft
4bdrm - 2530/2551 sqft
4 & 5 bdrms Penthouse - 4370/4693/4919 to 6857 sqft
===
Contact us to discover more
===
Roger Tan - 9061-9884
Elsie Tan - 9799-1127
Jessie Wee - 9183-3999
Urban Resort Team
www.urbanresort.sg
www.myurbanresort.com

[mage]

may i know whats the estimated psf range?

[spoon72]

All so big, no MM units ??

[land118]

Min $4.5m for the smallest unit, my guess

[land118]

Just got tis from an agent:


Project Details

Location : 32 & 32A Cairnhill Road

Tenure : Freehold

Legal Description : Lot 796M TS27 at Cairnhill Road

Developer : Jubilee Realty Pte. Ltd. (ROC: 200508340C)

Site Area : 5,317.9 sqm (57,242 sqft)

Plot Ratio : 2.8

Expected TOP Date : 31 July 2013

Expected Legal Completion Date : 31 July 2016

Car Park Lots : 96

Maintenance Fees (estimated) : $105 per share value

3 bedroom (8 shares) - $840

4 bedroom (9 shares) - $945

Penthouse (13 shares) - $1,365

Duplex Penthouse (13-17 shares) - $1,365 – $1,785
Consultants

Architect : Kerry Hill Architects

Main Contractor : Shimizu Corporation Singapore

Quantity Surveyors : KPK Quantity Surveyors (Singapore) Pte Ltd

Landscape Architect : ICN Design

[Grimloq]

the building and design looks really ugly. More like industrial warehouse.

[Wild Falcon]

The entire development looks like a mechanised car park with the steel panels. The last thing it looks like is a "resort". No resort feel at all. I think the developer has waited very long to launch this. Finally cannot tahan and launch liao. Good thing is TOP is quite soon.

[Wild Falcon]

I think the it was launched (or soft-launched) and sold some units some time ago liao, so cannot go back and reconfigure into MM. So still using old plans with 3-4 bedders lor.


All so big, no MM units ??

[amk]

Min $4.5m for the smallest unit, my guess
more, more. it's looking at north of 2500 psf. :scared-4:

this was the leftover from the 2007 fever. at that time big was better.

u should note the neighbor Urban Suites did quite well at this level in early last year. that was before all the MBT measures though.

[Fleur]

Just got tis from an agent:

Maintenance Fees (estimated) : $105 per share value

3 bedroom (8 shares) - $840

4 bedroom (9 shares) - $945

Penthouse (13 shares) - $1,365

Landscape Architect : ICN Design

Wow wow wow. S$840 maintenance fees for a 3-bedroom??? Is this common in D9?

[land118]

more, more. it's looking at north of 2500 psf. :scared-4:

this was the leftover from the 2007 fever. at that time big was better.

u should note the neighbor Urban Suites did quite well at this level in early last year. that was before all the MBT measures though.
Ya, should be more....not sure which is the cheapest or lowest unit left..., URA record show in jul and aug last year, unit of 2121sqft transacted at $5.5m and $5.6m.

[Wild Falcon]

Very common for "high end" projects. High maintenance fees which eats into the yields....


Wow wow wow. S$840 maintenance fees for a 3-bedroom??? Is this common in D9?

[august]

was told quantum around 5 to 6 mil

[Fleur]

[QUOTE=Wild Falcon]Very common for "high end" projects. High maintenance fees which eats into the yields....[/QUOTE


High quantum, low yields. Not very appealing to investors. Unless to foreign investors who saw appreciation of their own currency.

[devilplate]

suicidal if buying into rental yield....

luxury prime is meant to buy and leave it empty/own consumption;)

5mil each...how many of us got at least 10mil cold hard cash to burn?

[bargain hunter]

agent told me from 2670psf. so its 5.6m for the 3 bedder? :ashamed1:

i remember in 07 or 08, there was one 9m transaction for 3xxxpsf. the caveat was subsequently deleted, not sure how they managed to rescind the contract.

Urban Suites smaller units, hence more easily digestable mah. can't really compare. Prob capitaland realised UR completely couldn't move so reconfigured US to more digestable mix. now trying their luck with UR again.


more, more. it's looking at north of 2500 psf. :scared-4:

this was the leftover from the 2007 fever. at that time big was better.

u should note the neighbor Urban Suites did quite well at this level in early last year. that was before all the MBT measures though.

[bargain hunter]

Capitaland says Urban Resort to TOP in 2013. with only 27 out of 64 units sold, i wonder if capitaland will give discounts for the remaining 37 units like it did for latitude, interlace, d'leedon.

[Laguna]

Capitaland says Urban Resort to TOP in 2013. with only 27 out of 64 units sold, i wonder if capitaland will give discounts for the remaining 37 units like it did for latitude, interlace, d'leedon.

SC and KOP refuse to give discount to their projects.
Capitaland perhaps

[bargain hunter]

yup. even more so now that both SC and KOP are private companies now.


SC and KOP refuse to give discount to their projects.
Capitaland perhaps

[luzman]

yup. even more so now that both SC and KOP are private companies now.
No discount then don't buy..simple right

[eng81157]

at that price range of $5-6m, the buyers are likely well-off and discounts of $10-20k won't tip them over the fence.

[bargain hunter]

err, capitaland gave 10% off for interlace, 10 to 15% for d'leedon and 12% off for latitude.

10 to 20k won't help but 10 to 20% would i guess. :D


at that price range of $5-6m, the buyers are likely well-off and discounts of $10-20k won't tip them over the fence.

[eng81157]

err, capitaland gave 10% off for interlace, 10 to 15% for d'leedon and 12% off for latitude.

10 to 20k won't help but 10 to 20% would i guess. :D

different market segment leh.

[bargain hunter]

3 more sold at 2600, 2680 and 2702psf in June bringing total to 36 out of 64 sold.

[reporter2]

Seller of Urban Resort Condominium unit reaps $5.4 mil profit

[email protected]

EdgeProp 28 July 2018, 12:00 PM GMT+

https://s.yimg.com/ny/api/res/1.2/Xp33GM4UoWeFFZ1EMqYZow--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTk2MA--/https://s.yimg.com/uu/api/res/1.2/FO38leOpSDmjL7YRSwWAdA--~B/aD05MDA7dz02MDA7c209MTthcHBpZD15dGFjaHlvbg--/http://media.zenfs.com/en-SG/homerun/theedgeproperty.com.sg/a50f30f7577a9824e52c8900179a4dce

The seller of a unit at Urban Resort Condominium in the Cairnhill neighbourhood raked in the highest profit for resales over July 10 to 17. He reaped a 64% profit of $5.4 million from the sale of a 4,715 sq ft, four-bedroom unit on the 17th floor. The home was sold for $13.9 million ($2,948 psf) on July 12, and was first purchased in 2016 for $8.5 million ($1,803 psf). The seller therefore made an annualised profit of 23% over 2.4 years. Incidentally, this transaction marks the highest sale price fetched at the development.

The transaction is the second sale this year at Urban Resort Condominium, in District 9. The previous resale happened in January, when a 2,121 sq ft, three-bedroom unit on the fifth floor was sold for $4.9 million ($2,311 psf). The seller purchased that unit from the developer in 2013, for $5.335 million ($2,525 psf). He made an 8% loss of $453,500, or an annualised loss of 2% over 4.6 years.

The second highest profitable deal for the week under review was for a 2,347 sq ft, four-bedroom unit at The Tomlinson in prime District 10. The Tomlinson is a 13-minute walk to Orchard MRT Station, and a five-minute drive to ION Orchard shopping mall. The unit on the eighth floor fetched $5.15 million ($2,195 psf) on July 12. From the sale, the owner raked in a 47% profit of $1.65 million, or an annualised profit of 3% over 12.3 years. It was purchased in 2006 for $3.5 million ($1,492 psf).

The third most profitable transaction for the week happened at Astridville, off Coronation Road West. The 2,433 sq ft, three-bedroom unit was sold for $3.35 million ($1,377 psf) on July 12. The seller made a 94% gain of $1.63 million, or an annualised profit of 6% over 11.6 years. The unit was bought in 2006 for $1.73 million ($709 psf).

Astridville is an 18-unit boutique development completed in 1985, and comprises three-bedroom and maisonnette units. It is also located in District 10.

A seller who sold a 1,389 sq ft unit at Leonie Hill Residences in District 9 made the fourth highest gain for the week, after selling the home on the 26th floor for $2.95 million ($2,125 psf). He reaped a 120% profit of $1.61 million, or an annualised profit of 5% over 15.8 years. The unit was bought in 2002 at $1.34 million ($964 psf).

Leonie Hill Residences is a two-minute drive to the Orchard Road shopping belt.

Meanwhile, the top loss was for a one-bedroom unit at Jardin, along Dunearn Road in District 21. After selling the 990 sq ft unit on the third floor for $1.3 million ($1,313 psf), the seller incurred a 26% loss of $461,000, or an annualised loss of 4% over 6.8 years. The unit was bought in 2011 from the developer for $1.76 million ($1,778 psf).

Jardin is a five-minute drive to Bukit Timah Nature Reserve, and an 11-minute walk to Beauty World MRT station on the Downtown Line.

https://s.yimg.com/ny/api/res/1.2/SGnJqkTOoq8nLMenx8MxYw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTMzNC45MzMzMzMzMzMzMzMzNA--/https://s.yimg.com/uu/api/res/1.2/kzuaP86ReJkL3F9sZW7ULA--~B/aD0zMTQ7dz02MDA7c209MTthcHBpZD15dGFjaHlvbg--/http://media.zenfs.com/en-SG/homerun/theedgeproperty.com.sg/45c8fc0757f79e72147c200accd74cdb