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View Full Version : The Boutiq (D9, Freehold, HEETON Holdings, KSH Holdings and TEE International)



bargain hunter
20-04-11, 13:38
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_62CD9B8999D8CD264825787800198461/$file/TEE-Killiney_Launch_200411.pdf?openelement

two 10-storey blocks
130 one to two bedroom apt and one to three bedroom penthouses
506 to 2853 sq ft

Phase 1 launched 52 units 75% taken up at 2350psf.

TOP by Dec 2014

showsuite at 143/145 Killiney Road opens daily from 10am to 7pm from today.

anyone has floor plans?

bargain hunter
20-04-11, 13:59
LOL. this is the best that i could find. design not too bad lah.


http://www.propertyguru.com.sg/listing/3660622/for-sale-the-boutiq-killiney

dtrax
20-04-11, 14:02
Better then devonshire residences imo. DR psf also around the same range

Grimloq
20-04-11, 14:10
Better then devonshire residences imo. DR psf also around the same range

Location is bad. Killiney is a very busy road and the feel is not very high class as there are alot of run down shophouses. For this price look more towards Leonie side or on river vally itself.

I live nearby so I'm very familiar with the area.

bargain hunter
20-04-11, 17:53
i think the layout is not bad. this project is also behind AA and Residences @ Killiney? so can be considered more quiet. LOL. albeit getting in and out of Killiney traffic wise would still be the same.

devilplate
20-04-11, 18:20
i think the layout is not bad. this project is also behind AA and Residences @ Killiney? so can be considered more quiet. LOL. albeit getting in and out of Killiney traffic wise would still be the same.

the layout looks weird wif w/m and fridge behind the sofa....shd placed at the corner of the dining area...

jezz
20-04-11, 18:23
Location is bad. Killiney is a very busy road and the feel is not very high class as there are alot of run down shophouses. For this price look more towards Leonie side or on river vally itself.

I live nearby so I'm very familiar with the area.

I hope u not the holland taitai who despise on lower class. Having shophouses does not mean define an area to be 'not very high class'.

Sin shophouses have a lot of charm and value as they are preserved prewar houses. If u seen HK landscape what made their soho so high class? Is the mix dev of new and old Chinese walkup buildings. I cannot imagine sin having just new high rise buildings next to one another.

Our next gen will not be able to appreciate those old housings in the 2nd world war if they are gone.

I'm glad at least in tiong bahru we are still seeing these...

masterkey
20-04-11, 18:25
i think the layout is not bad. this project is also behind AA and Residences @ Killiney? so can be considered more quiet. LOL. albeit getting in and out of Killiney traffic wise would still be the same.

And new development replacing Ming Gardens will complete the box-in effect. However, its exit is relatively close to RV.

devilplate
20-04-11, 18:31
I hope u not the holland taitai who despise on lower class. Having shophouses does not mean define an area to be 'not very high class'.

Sin shophouses have a lot of charm and value as they are preserved prewar houses. If u seen HK landscape what made their soho so high class? Is the mix dev of new and old Chinese walkup buildings. I cannot imagine sin having just new high rise buildings next to one another.

Our next gen will not be able to appreciate those old housings in the 2nd world war if they are gone.

I'm glad at least in tiong bahru we are still seeing these...

yea, always good to haf a gd mix of old and new

as long make it mandatory to upkeep the facade of the conservation shophses....its vy charming wif character and heritage:D

jezz
20-04-11, 18:47
yea, always good to haf a gd mix of old and new

as long make it mandatory to upkeep the facade of the conservation shophses....its vy charming wif character and heritage:D

Precisely maybe our killing taitai should consider upper class in sentosa cove but lately got floating bodies. Hmm should I be more concerned with security than run down houses.

From a low class singaporean staying in d10 

Grimloq
20-04-11, 18:52
notice i said "run-down" shophouses... If they are nicely preserved it's a different story. But they are not...

i don't despise the lower class, only despise people who comment without reading properly


I hope u not the holland taitai who despise on lower class. Having shophouses does not mean define an area to be 'not very high class'.

Sin shophouses have a lot of charm and value as they are preserved prewar houses. If u seen HK landscape what made their soho so high class? Is the mix dev of new and old Chinese walkup buildings. I cannot imagine sin having just new high rise buildings next to one another.

Our next gen will not be able to appreciate those old housings in the 2nd world war if they are gone.

I'm glad at least in tiong bahru we are still seeing these...

jezz
20-04-11, 20:05
notice i said "run-down" shophouses... If they are nicely preserved it's a different story. But they are not...

i don't despise the lower class, only despise people who comment without reading properly

well how do you define run-down? the shophouses in killiney are considered in reasonably ok working condition?:banghead:

bargain hunter
20-04-11, 20:14
not only meng gardens. beside AA Centre, there is this plot of land (South of Botanic on Lloyd) which apparently is owned by Far East. think they have been hogging the land for a loooooooong time. dunno when they will develop it. i m more concerned with how narrow Killiney road is going to support all the new developments along Killiney, St. Thomas and Devonshire area.


And new development replacing Ming Gardens will complete the box-in effect. However, its exit is relatively close to RV.

bargain hunter
20-04-11, 20:17
are the shophouses are Killiney gazetted for conservation?

devilplate
20-04-11, 20:17
not only meng gardens. beside AA Centre, there is this plot of land (South of Botanic on Lloyd) which apparently is owned by Far East. think they have been hogging the land for a loooooooong time. dunno when they will develop it. i m more concerned with how narrow Killiney road is going to support all the new developments along Killiney, St. Thomas and Devonshire area.

wif cars parking alongside somemore...:scared-3:

looks like lta cannot widen the road also....lol

buy MM there lor....tenant dun drive....LOL

devilplate
20-04-11, 20:19
are the shophouses are Killiney gazetted for conservation?

according to masterplan....nope.....dun hf the word C

proper-t
21-04-11, 09:28
Business Times - 21 Apr 2011

75% of The Boutiq units sold at soft launch
By UMA SHANKARI

HEETON Holdings, KSH Holdings and TEE International have sold 39 apartments at their high-end Killiney Road residential project, The Boutiq, at an average price of $2,350 per square foot (psf).

The companies said yesterday that 75 per cent of the 52 units released in the first phase of sales have been sold in a soft launch. The freehold District 9 project near Somerset MRT station has 130 units in all.

Heeton chief operating officer Danny Low said that the developers are now giving buyers a discount of about 10 per cent off the list price. Prices will go up when subsequent phases are launched as the discount is scaled back and more choice units are released.

'With its prime location, five-star hotel facilities such as porte-cochere (coach gate), concierge, welcome lounge, and well-designed lifestyle spaces, The Boutiq will be a compelling proposition for young professionals and cosmopolitan globe-trotters - anyone who appreciates the finest things in life,' said Mr Low.

The architectural design of The Boutiq draws inspiration from chic boutique hotels around the world. The project's architect is Broadway Malyan Asia.

Units in The Boutiq range from 506 sq ft to 2,853 sq ft in size. The bulk of the units are one and two-bedroom apartments.

Heeton, KSH and TEE hold stakes of 45 per cent, 35 per cent and 20 per cent respectively in the development project. The three partners bought the site of the former Mitre Hotel in 2009 for $121-122 million - or almost $1,100 psf of potential gross floor area including a development charge.
At Heeton's other high-end project, iLiv@ Grange, none of the 30 units on offer have been sold even though the project was unveiled in June last year. Units at the Grange Road condominium are expected to sell for above $3,000 psf.

Heeton began construction of the project last year. It will step up marketing efforts in the second half of 2011 once a new showflat is ready, Mr Low said.

The company also hopes to resume selling units in The Lumos in the second half of the year once the project is completed.

Sales of units in the Leonie Hill project have been put off since early 2008 as Heeton and its partner Koh Brothers waited for the luxury property market to recover. As at end-March 2011, 19 out of the project's 53 units have been sold.

devilplate
21-04-11, 09:46
actually its 39/130=30% sold

gimmicky....hehe

stalingrad
21-04-11, 09:54
actually its 39/130=30% sold

gimmicky....hehe
Shame on the developer for trying to trick potential buyers into thinking this project is hot, and shame on BT for part of the trickery.

I noticed that the same article mentioned that Heeton had many other projects in CCR that are barely selling. But you need to read to the end of the article to see that. All trickery. BT is complicit in the trickery.

Wild Falcon
21-04-11, 10:54
Can they please stop calling 500sq ft shoebox "luxury" PLEASE?

And this iLiv@Grange can't even move ONE unit since launch last year (and the excuse about units are big are lame because they're just standard size)? Epic fail.

======
Slow take-up' for high-end homes
Straits Times Apr 21

LUXURY home sales in Singapore are still being hurt by economic turmoil in the United States and Europe, although buyers are trickling back, said a top executive at local developer Heeton Holdings.

Another factor is that the Republic is competing with many choice locations as some high-end investors also look to places such as London, Heeton chief operating officer Danny Low said yesterday.

He was speaking on the sidelines of the soft launch of The Boutiq - a 130-unit high-end freehold project in Killiney Road on the former Mitre Hotel site - jointly developed with KSH Holdings and Tee International.
Since the project went on sale early this month, 39 out of the 52 units launched so far have been bought at an average price of $2,350 per sq ft (psf). Half of the buyers were foreign - mostly Malaysians.

Later phases will be priced at a higher level as the initial 10 per cent discount off the list price will be reduced, with more units released, Mr Low said. Nearby, 84-unit Devonshire Residences sold 53 units at a median price of $2,505 psf last month.

Mr Low said the consortium did not lower its list prices as a result of the Government's property market cooling measures in January. The consortium had already priced its project lower than its competitors' as it had acquired the site at a 'very good price', he added. Mr Low said Heeton's other luxury project, the 30-unit iLiv@Grange, will be relaunched in the second half of this year. The Grange Road project has had no sales since it was launched in June last year.

On the differing buyer response to both of its upscale launches, Mr Low said: '(iLiv@Grange) is an even higher-end project above $3,000 psf. The sizes are also larger, so the quantum is larger. It's a different target market.'

Heeton and Koh Brothers' The Lumos project in Leonie Hill, to be completed in July, will also be relaunched this year. The 53-unit project has sold 19 apartments at an average of about $3,200 psf since it opened for sale in 2007.

On whether luxury home prices will regain their 2007 peak, Mr Low said prices would catch up slowly, but were unlikely to surpass the previous high this year. The consortium also hopes to launch its recently acquired collective sale site, Camay Court, this year after it completes the purchase in June.

Upcoming new launches include Wing Tai's Foresque Residences in Petir Road, which agents say will be launched at $1,000 psf to $1,200 psf. Auralis at East Coast and H Residences in Telok Kurau are also expected to be previewed soon.

Separately, City Developments said at its annual general meeting yesterday that three more launches - Jean Nouvel Residences, Buckley 9 & 11 and a Segar Road executive condo - are due by June.

Its executive chairman Kwek Leng Beng told The Straits Times that the cooling measures have helped curb speculation and stabilise prices. 'Since then, property prices have come down in some cases or have remained the same in others. Volumes declined initially but have gone up again as a result of the increase in launches by developers.'

Buyers are confident in Singapore's medium- and long-term future, with the Government laying a solid foundation for growth, he added

phantom_opera
21-04-11, 11:03
2X price of Geylang :D

stalingrad
21-04-11, 11:17
to buy a MM unit in this project, a buyer has to shell out roughly $1.4 million. for that kind of dough, the buyer can buy a OCR condo with a more reasonable size. and he would spend only slightly more time commuting to work in CBD.

why would anyone buy a MM unit in this project is beyond me. I guess most of the buyers are investors thinking of good yields. well, they will be disappointed.

jezz
21-04-11, 11:23
I concur with u. How can a shoebox 500sqft ever consider luxury. It is miserably small - living and dining combined into a common place, little walk room, pathetic bedroom size leading to tumbling over the hinges of the bedframe etc.

Perhaps BT or even public label orchard as luxury living due to all the luxury goods and branded and high-class residents living in that district.

Vision, a west coast project by renowed dev cheungkong shld be labelled as luxury. Good top finishings, at least from showflat and sky lounge overlooking the coastal, landscaping with diff themes of garden. This is really luxury!!!


Can they please stop calling 500sq ft shoebox "luxury" PLEASE?

And this iLiv@Grange can't even move ONE unit since launch last year (and the excuse about units are big are lame because they're just standard size)? Epic fail.

======
Slow take-up' for high-end homes
Straits Times Apr 21

LUXURY home sales in Singapore are still being hurt by economic turmoil in the United States and Europe, although buyers are trickling back, said a top executive at local developer Heeton Holdings.

Another factor is that the Republic is competing with many choice locations as some high-end investors also look to places such as London, Heeton chief operating officer Danny Low said yesterday.

He was speaking on the sidelines of the soft launch of The Boutiq - a 130-unit high-end freehold project in Killiney Road on the former Mitre Hotel site - jointly developed with KSH Holdings and Tee International.
Since the project went on sale early this month, 39 out of the 52 units launched so far have been bought at an average price of $2,350 per sq ft (psf). Half of the buyers were foreign - mostly Malaysians.

Later phases will be priced at a higher level as the initial 10 per cent discount off the list price will be reduced, with more units released, Mr Low said. Nearby, 84-unit Devonshire Residences sold 53 units at a median price of $2,505 psf last month.

Mr Low said the consortium did not lower its list prices as a result of the Government's property market cooling measures in January. The consortium had already priced its project lower than its competitors' as it had acquired the site at a 'very good price', he added. Mr Low said Heeton's other luxury project, the 30-unit iLiv@Grange, will be relaunched in the second half of this year. The Grange Road project has had no sales since it was launched in June last year.

On the differing buyer response to both of its upscale launches, Mr Low said: '(iLiv@Grange) is an even higher-end project above $3,000 psf. The sizes are also larger, so the quantum is larger. It's a different target market.'

Heeton and Koh Brothers' The Lumos project in Leonie Hill, to be completed in July, will also be relaunched this year. The 53-unit project has sold 19 apartments at an average of about $3,200 psf since it opened for sale in 2007.

On whether luxury home prices will regain their 2007 peak, Mr Low said prices would catch up slowly, but were unlikely to surpass the previous high this year. The consortium also hopes to launch its recently acquired collective sale site, Camay Court, this year after it completes the purchase in June.

Upcoming new launches include Wing Tai's Foresque Residences in Petir Road, which agents say will be launched at $1,000 psf to $1,200 psf. Auralis at East Coast and H Residences in Telok Kurau are also expected to be previewed soon.

Separately, City Developments said at its annual general meeting yesterday that three more launches - Jean Nouvel Residences, Buckley 9 & 11 and a Segar Road executive condo - are due by June.

Its executive chairman Kwek Leng Beng told The Straits Times that the cooling measures have helped curb speculation and stabilise prices. 'Since then, property prices have come down in some cases or have remained the same in others. Volumes declined initially but have gone up again as a result of the increase in launches by developers.'

Buyers are confident in Singapore's medium- and long-term future, with the Government laying a solid foundation for growth, he added

devilplate
21-04-11, 11:24
to buy a MM unit in this project, a buyer has to shell out roughly $1.4 million. for that kind of dough, the buyer can buy a OCR condo with a more reasonable size. and he would spend only slightly more time commuting to work in CBD.

why would anyone buy a MM unit in this project is beyond me. I guess most of the buyers are investors thinking of good yields. well, they will be disappointed.

506X2350psf= ~1.2mio

dun say like dat la....i got expensive MM too wor....clift 1bedder cost 1.0xmio now....i am hoping to fetch more....mabe i shd aim for 1.2mio or more since clift is right in CBD oredi....will never be caught in jam....LOL

devilplate
21-04-11, 11:29
Vision, a west coast project by renowed dev cheungkong shld be labelled as luxury. Good top finishings, at least from showflat and sky lounge overlooking the coastal, landscaping with diff themes of garden. This is really luxury!!!

we nid more convincing examples den this vision lor....vision is more like seeing a sea of containers tat comes with a strong SUN.....need to wear sunglass:p

jezz
21-04-11, 11:34
506X2350psf= ~1.2mio

dun say like dat la....i got expensive MM too wor....clift 1bedder cost 1.0xmio now....i am hoping to fetch more....mabe i shd aim for 1.2mio or more since clift is right in CBD oredi....will never be caught in jam....LOL

Boutiq at least is cheaper than devon resid

I like tan pagar area. Lots of charm and the railway will be revamped hopefully they dev into some kind of lounge and nice cafeteria

Gee you bgt clift around 1200 to go at 2000psf shldnt be any issue

jezz
21-04-11, 11:38
we nid more convincing examples den this vision lor....vision is more like seeing a sea of containers tat comes with a strong SUN.....need to wear sunglass:p

Absolutely. But dun wan to highlight those east coast projects leh so unordinary. Maybe silversea could b a good example

Blame on our island being so small that psa does not know where to house containers

Just bypass metropolitan sigh their design really boring. I like ascentia sky

phantom_opera
21-04-11, 11:38
People willing to pay for time while they still can. For people near death, no money can buy time.

I live in bigger unit @ OCR because my office in OCR ... I don't mind living in 1br Clift if working in CBD

Technology makes small living apartment much more livable than b4. Gone is the bulky CRT TV, gone are the CD collection, gone are bookshelf full of books and most couples now with 1 or no kid:

40sqm:
http://freshome.com/2011/02/22/well-planned-small-apartment-with-an-inviting-interior-design/

devilplate
21-04-11, 11:48
People willing to pay for time while they still can. For people near death, no money can buy time.

I live in bigger unit @ OCR because my office in OCR ... I don't mind living in 1br Clift if working in CBD

Technology makes small living apartment much more livable than b4. Gone is the bulky CRT TV, gone are the CD collection, gone are bookshelf full of books and most couples now with 1 or no kid:

40sqm:
http://freshome.com/2011/02/22/well-planned-small-apartment-with-an-inviting-interior-design/

clap clap: cant believe its only a 40sqm apt.....our MM developers r building a pile of shyt:doh:

mr funny
21-04-11, 19:05
http://www.businesstimes.com.sg/sub/suite/story/0,4574,435771,00.html?

Published April 21, 2011

75% of The Boutiq units sold at soft launch

By UMA SHANKARI


HEETON Holdings, KSH Holdings and TEE International have sold 39 apartments at their high-end Killiney Road residential project, The Boutiq, at an average price of $2,350 per square foot (psf).

http://www.businesstimes.com.sg/mnt/media/image/launched/2011-04-21/BT_IMAGES_UMPROP21-JUG.jpg
The Boutiq: The residential project's architectural design draws inspiration from chic boutique hotels around the world

The companies said yesterday that 75 per cent of the 52 units released in the first phase of sales have been sold in a soft launch. The freehold District 9 project near Somerset MRT station has 130 units in all.

Heeton chief operating officer Danny Low said that the developers are now giving buyers a discount of about 10 per cent off the list price. Prices will go up when subsequent phases are launched as the discount is scaled back and more choice units are released.

'With its prime location, five-star hotel facilities such as porte-cochere (coach gate), concierge, welcome lounge, and well-designed lifestyle spaces, The Boutiq will be a compelling proposition for young professionals and cosmopolitan globe-trotters - anyone who appreciates the finest things in life,' said Mr Low.

The architectural design of The Boutiq draws inspiration from chic boutique hotels around the world. The project's architect is Broadway Malyan Asia.

Units in The Boutiq range from 506 sq ft to 2,853 sq ft in size. The bulk of the units are one and two-bedroom apartments.

Heeton, KSH and TEE hold stakes of 45 per cent, 35 per cent and 20 per cent respectively in the development project. The three partners bought the site of the former Mitre Hotel in 2009 for $121-122 million - or almost $1,100 psf of potential gross floor area including a development charge.

At Heeton's other high-end project, iLiv@ Grange, none of the 30 units on offer have been sold even though the project was unveiled in June last year. Units at the Grange Road condominium are expected to sell for above $3,000 psf.

Heeton began construction of the project last year. It will step up marketing efforts in the second half of 2011 once a new showflat is ready, Mr Low said.

The company also hopes to resume selling units in The Lumos in the second half of the year once the project is completed.

Sales of units in the Leonie Hill project have been put off since early 2008 as Heeton and its partner Koh Brothers waited for the luxury property market to recover. As at end-March 2011, 19 out of the project's 53 units have been sold.

Jonathan0503
11-05-11, 17:07
I concur with u. How can a shoebox 500sqft ever consider luxury. It is miserably small - living and dining combined into a common place, little walk room, pathetic bedroom size leading to tumbling over the hinges of the bedframe etc.

Perhaps BT or even public label orchard as luxury living due to all the luxury goods and branded and high-class residents living in that district.

Vision, a west coast project by renowed dev cheungkong shld be labelled as luxury. Good top finishings, at least from showflat and sky lounge overlooking the coastal, landscaping with diff themes of garden. This is really luxury!!!

You missed out one very important factor.

To label a property as luxury, it has to be in a prime location.

Vision at west coast will not fit the bill...

Dp3223
20-11-11, 16:32
Hi all
I'm new to property investment. Any inputs on this development?
I've been to the first show flat back on the actual site and the quality of the materials used looks great.

rattydrama
20-11-11, 20:53
Hi all
I'm new to property investment. Any inputs on this development?
I've been to the first show flat back on the actual site and the quality of the materials used looks great.


what is the asking price now? Bro here might be more happy to comment. :p

wrt http://freshome.com/2011/02/22/well-planned-small-apartment-with-an-inviting-interior-design/

I think the bedroom divider is a good idea. MM developer should have this concept in place..but the overhang cabinet.. can give it a miss.

Dp3223
20-11-11, 22:52
Hi I believe it's averaging about 2500 psf now. At launch it was going about 2350 psf.

carbuncle
12-11-12, 08:25
80% sold

Heeton Holdings hobbles as profit declines 78.3% to $2.7m

Niche property developer stumbled hard revenue-wise.

Taking the 3Q12 results with the previous two quarters, Heeton Holdings said it recorded a profit attributable to shareholders of $11.1 million, on revenue of $28.9 million, for the nine months ended 30 September 2012 (9M12), or a 46.6% dip yoy.

"The decline in revenue reflects lower sales recognition based on percentage of completion method, from Lincoln Suites, a project under construction, and The Lumos, which received its temporary occupation permit (TOP) in August 2011. In addition, there was a revision in accounting treatment on its Singapore residential development projects for property units sold under deferred payment scheme using the completion of construction method, which resulted in significant increase in revenue, cost of sales and profit for 9M11," said Heeton Holdings in a release.

"With the completion of The Lumos, cost of properties sold also fell significantly, to $10.1 million in 9M2012 from $39.3 million in 9M2011. Consequently, and taking into account the net effect of other operating income, finance expenses and income from associates, the Group recorded a profit before tax of $12.8 million, versus $25.4 million a year ago. During its financial third-quarter (3Q2012), the Group joined forces with various partners to acquire a total of three sites. The first of these is a $31 million, 21,900 sq ft plot in Whitley Road with the potential to be redeveloped into five pairs of semi-detached houses. Heeton has a 30% interest in this project," it added.

The second plot, located at Sam Leong Road in district 8, is a $40.3 million, 12,362 sq ft freehold commercial land parcel with a plot ratio of 3.0, while the third is a 13,282 sq ft freehold residential site at Lorong 32 Geylang, with a plot ratio of 2.8. Heeton holds a 15% stake in the former plot and 10% stake in the latter.

In August, the Group launched Palacio, a freehold cluster housing development at Telok Kurau Road, and has sold over 50% of its 21 units to date.

"Going forward, the Group expects buyer sentiment to be tempered by property cooling measures introduced over the past year. Nevertheless, buyer sentiment should remain healthy with a higher percentage of transactions expected to be carried out by property upgraders, rather than property investors. Riding the buoyant sentiment, it has launched Sky Green, a residential project at MacPherson Road to very positive response with about 70% of the units being snapped up during the day of its soft-launch in late October. The project is currently more than 85% sold," said Heeton Holdings.

The Group is making good progress with the construction of The Boutiq, and expects to recognise its share of profit from the sale of these units in the coming months. To date, more than 80%of the development’s 130 units have been sold. While it looks forward to positive contribution from its existing and pipeline projects, Heeton is mindful of the uncertainties in the macroeconomic climate as well as the possible introduction of more property cooling measures by the Government. On this note, it will adopt a prudent approach towards the evaluation of each opportunity before embarking on further acquisition of land parcels.