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bananarama
22-08-06, 02:37
Exciting new project, next to the Grand Copthorne and Zouk. TOP 2008.

http://img422.imageshack.us/img422/7808/pharosfo8.jpg (http://imageshack.us)

site map:

http://img422.imageshack.us/img422/7424/pharosmapwm4.gif (http://imageshack.us)

Unregistered
25-08-06, 22:32
Exciting new project, next to the Grand Copthorne and Zouk. TOP 2008.

http://img422.imageshack.us/img422/7808/pharosfo8.jpg (http://imageshack.us)

site map:

http://img422.imageshack.us/img422/7424/pharosmapwm4.gif (http://imageshack.us)


looks nice. when do they launch?

mr funny
12-11-06, 15:22
Launching soon.

I was at Velvet last night and noticed that they have changed the name from Pharos to Tribeca. I have no idea why Tribeca, because the Tribeca district in New York stands for "Triangle Below Canal street". Canal Street being where NY's Chinatown is. I see no similarities here.

Unregistered
16-11-06, 18:14
is slated to launch above $1,400 psf! wow is the word. Hope the high price of this will spread around the area.

mr funny
17-11-06, 20:17
Singapore Companies
Published November 17, 2006

CityDev's Tribeca condo previews begin


CITY Developments has begun previews for its freehold Tribeca condo next to the Grand Copthorne Waterfront Hotel at an early-bird average price of $1,420 psf.

http://img154.imageshack.us/img154/3995/bt513658216112006cc2f2dpi3.jpg (http://imageshack.us)
Room with a view: The 30-storey Tribeca offers residents views of the city and the Singapore River

It will be developed on the last of the group's sites in the Kim Seng Road/Jiak Kim Street area.

Based on the initial pricing, analysts' estimates of CityDev's pretax profit from this project range from about $140 milion to $250 million.

The wide spread reflects uncertainty among analysts on the project's breakeven cost as analysts are unsure of just how much to impute for land cost.

CityDev is believed to have bought the site in the 1980s.

A stone's throw away, Wheelock Properties (Singapore) is selling units at The Cosmopolitan at prices ranging from $1,250 psf to $1,500 psf.

To date it has sold 85 per cent of the total 228 units in the 36-storey freehold development. Tribeca will be a 30-storey block with units starting from the fifth storey upwards to offer residents views of the city and the Singapore River.

The development, formerly named 'The Pharos by the Waterfront', has been renamed Tribeca, inspired by the chic, residential district in downtown Manhattan, CityDev said in a release yesterday.

The project is being marketed by CB Richard Ellis and Savills who estimate that units in the development will fetch monthly rentals ranging from $3,000 for a one-bedroom apartment to $10,000 for a four-bedroom apartment. These reflect net rental yields of 3 to 4 per cent.

The $1,420 psf average price is for 'early birds', CityDev said, suggesting the developer's plans to raise prices as it sells more units. For a start, it has released 80 of the total 175 units in the development.

lurker
18-11-06, 19:18
At this price and location, I am not sure about the response. Slightly more than $1,400 psf can get me a nice condo in a nice neighborhood like Cairnhill or Paterson. Well maybe not anymore :p Still, there are nicer locations to spend that couple of million bucks.

There are HDB flats in every direction, Great World City is some distance away, and traditionally this has been a 'poor' area with many 3 room flats. Havelock Road nearby used to be 'gangster' area. Now full of 3 and 4 star hotels with KTV lounges.

Seems like recently CDL developments launched have not been selling well except for their Oceanfront. Could this be a flop, or could this sell like hotcakes?

mr funny
21-11-06, 01:18
Singapore Companies
Published November 20, 2006

CityDev's Tribeca preview off to a good start

By KALPANA RASHIWALA

CITY Developments has sold about 60 of the 86 units it has released so far at its Tribeca condo opposite Zouk at Jiak Kim Street, a spokeswoman for CityDev said yesterday evening.

CityDev began previewing the freehold development since Thursday last week at an 'early bird' average price of $1,420 psf and for now, is still sticking to this price.

About 35 per cent of units sold were bought by foreigners (including permanent residents) with the most predominant nationalities being Indonesians, Malaysians, Britons and Americans, in that order. Other foreign buyers were from other European countries, India and China.

Buyers also included a wide spread - from the young and trendy set that look like they could be Zouk patrons to retirees.

There was also a mix of investors eyeing potential rental returns and prospects of capital appreciation, as well as those looking to live there themselves, according to CityDev's spokeswoman.

The 30-storey freehold residential development comprises 175 units in total. Prices start from about $705,000 for a 517 sq ft one-bedroom unit on the fifth floor to $3.2 million for a 1,905 sq ft four-bedder unit on the 25th floor. The seven penthouses at Tribeca cost upto $5.3 million.

CityDev will develop Tribeca on the last of the group's sites in the Kim Seng Road/Jiak Kim Street area. The group's earlier projects in the location were Grand Copthorne Waterfront Hotel, King's Centre, Waterfront Plaza and Mirage Tower condo.

Tribeca is designed such that units start from the fifth storey upwards to offer residents views of the city and the Singapore River. The condo is being marketed by CB Richard Ellis and Savills.

yucks
12-12-06, 12:36
This is one more bland generic looking building for Singapore. Location isn't THAT fantastic to generate this sort of price. Thanks CDL!

alibaba
08-02-07, 16:28
http://img257.imageshack.us/img257/6253/tribecage9.jpg

Unregistered
07-03-07, 12:36
Location: Kim Seng Road (D 9)
Total no. of units: 175 (30 storey)
Tenure: Freehold
Site Area: 59,011 sqft
Expected TOP: 31 Dec 2010
Units Types:
*1 BR ~ 517 to 570 sqft (50 units)
*2 BR ~ 1033 sqft (24 units)
*3 BR ~ 1367 to 1378 sqft (47 units)
*3+1 BR ~ 1765 sqft (24 units)
*4 BR ~ 1905 sqft (23 units)
*1 BR Penthouses ~ 1173 to 1195 sqft (2 units)
*2 BR Penthouses ~ 2174 sqft (1 unit)
*4 BR + Study Suite ~ 3186 to 3315 sqft (2 units)
*4 BR Penthouses ~ 3563 to 3907 sqft (2 units)
Price: around $1500psf

Unregistered
19-04-07, 02:01
visited it today ... pales in comparison to other projects in the vincinity.... only once iin a while, u get a wow feel from cdl (eg. solitaire)... their showflats suck.... most of the time, they're so plain and boring.... developer better wake up and put more effort into archi and interior designs...

whatever
25-06-07, 01:32
whatever you say lah

100% FULLY SOLD

Unregistered
27-06-07, 13:39
visited it today ... pales in comparison to other projects in the vincinity.... only once iin a while, u get a wow feel from cdl (eg. solitaire)... their showflats suck.... most of the time, they're so plain and boring.... developer better wake up and put more effort into archi and interior designs...

Exactly. Not only that, Visit there and very disappointed by the rudeness of the security guard. Only sit on the chair in the balcony to see how comfortable the condo before purchase but instead being scolded by the security guard (BAD MARKETING POLICIES). I was lucky did not purchase this unit. The condo design is so boring somemore. Will consider better condo next door which is the Trillium.

NO WONDER THIS UNIT SELL SLOWER THAN TRILLIUM EVEN AT CHEAPER PRICE AND LESSER UNITS.

Unregistered
27-06-07, 17:44
agreed. i would much rather buy Cosmo if I needed to move in soon or Trillium if I had a few tears to wait.

Reporter
05-05-10, 13:43
Tribeca has a nëw hïgh of $1,851 psf!


Tribeca
Address .......................... psf ............... Area ........ Price .......... Contract Date
60 Kim Seng Road #28-04 .... $1,851 psf .... 517 sqft .... $956,000 .... 18 Mar 10

NoodyGirl
05-09-10, 08:05
how is the population demographics here?
very local, mixed local:Indon, or got a lot rented to Indians (from India) - cant take the smell
how are the 1378 sq ft units?
do you think bid at 1600 psf can get?
ie 2.2 mio?

cashrich
05-09-10, 12:20
should be able to get some when owners have no choice

give it 3 to 6 months. Be patient

NoodyGirl
05-09-10, 13:31
ok will be patient

should be able to get some when owners have no choice

give it 3 to 6 months. Be patient

devilplate
05-09-10, 18:36
ok will be patient

http://www.propertyguru.com.sg/property-management-news/2010/9/28580/shanghai-home-prices-jump-70-
shanghai buyers gave up the waiting game after 4mths....:eek:

Interesting....HK buyers dun bother about cooling measures:scared-3:
http://www.propertyguru.com.sg/property-management-news/2010/9/28579/hong-kong-home-sales-surge-33-in-august

NoodyGirl
06-09-10, 09:18
sorry read the strait times
read cancellation of contracts even
think Spore will come off
think Tribeca will come off 1400-1500 psf is fair value

http://www.propertyguru.com.sg/property-management-news/2010/9/28580/shanghai-home-prices-jump-70-
shanghai buyers gave up the waiting game after 4mths....:eek:

Interesting....HK buyers dun bother about cooling measures:scared-3:
http://www.propertyguru.com.sg/property-management-news/2010/9/28579/hong-kong-home-sales-surge-33-in-august

devilplate
06-09-10, 10:26
sorry read the strait times
read cancellation of contracts even
think Spore will come off
think Tribeca will come off 1400-1500 psf is fair value

ooo...u gunning for 15-20% discount.....cooling measures wun help......u nid some serious external shocks

cashrich
06-09-10, 18:49
ooo...u gunning for 15-20% discount.....cooling measures wun help......u nid some serious external shocks

Yes, these measures won't help. What would help is that the owners are hurt by something else or somewhere else. They would then be forced to sell at a discount. E.g. Stock market collapse, someone in their family fell sick and needs lots of money or someone cheated them of their money etc.

Its like a fish in a water. The colour of the water will not affect the fish (current state). What will kill the fish are the parasites that attack the fish from within (internal injury). In this context, property owners who have no holding power will be caught (attacked from within).

You might have some luck asking for 5% discount. Anything beyond that, far fetched.

RonZs
02-08-14, 09:00
With the imminent moving of zouk and development of that land, will tribeca views be blocked in the future? Will its value drop significantly ?

bargain hunter
02-08-14, 10:56
view will at least be partially blocked (depending on how future developer utilises the land).

value may drop but not significantly because of the future upcoming mrts.



With the imminent moving of zouk and development of that land, will tribeca views be blocked in the future? Will its value drop significantly ?

RonZs
02-08-14, 13:46
view will at least be partially blocked (depending on how future developer utilises the land).

value may drop but not significantly because of the future upcoming mrts.


Thanks, what do you think is a good price to invest there now?

Maxim1
02-08-14, 19:19
Thanks, what do you think is a good price to invest there now?

For small units (1 or 2 bedders) 2100+ psf is a good deal considering other much older projects like Tiara already 1800-1900 psf for the small units.

bargain hunter
02-09-14, 17:20
Did one of you guys buy this?

21 AUG 2014 9 TRIBECA 60 KIM SENG ROAD #25-06 CONDOMINIUM FREEHOLD 1,905 STRATA 1,680psf $3,200,000

Werther
02-09-14, 18:57
Did one of you guys buy this?

21 AUG 2014 9 TRIBECA 60 KIM SENG ROAD #25-06 CONDOMINIUM FREEHOLD 1,905 STRATA 1,680psf $3,200,000

Good price for buyer... Decoupling possible?

bargain hunter
02-09-14, 19:50
100% not de-coupling. it was advertised for a loooooooooooooooooooooong time. multiple agents. the last i saw was agents quoting 3.4xm. so i m not surprised at all that its sold at 3.2m.

bargain hunter
02-09-14, 19:51
the seller sold at exactly 4% above his 2006 dec buy price. breakeven.

Werther
02-09-14, 23:43
Really cheap, moreover, it is on such high floor.

Seem like Cosmo have to drop price soon? Maybe even RIvergate or Martin Plc?

Maxim1
03-09-14, 01:30
Really cheap, moreover, it is on such high floor.

Seem like Cosmo have to drop price soon? Maybe even RIvergate or Martin Plc?

Wow that's really cheap but it should be a one-off. I don't think Cosmo etc will drop much because river valley is still popular for rental, investors can still cover mortgage. Seems the condos in that area are quite resilient - transacting at valuation and in many cases actually higher.

lifeline
03-09-14, 20:40
the seller sold at exactly 4% above his 2006 dec buy price. breakeven.

Thanks for your regular updates.
The figure above is 0.4% after 3% stamp duty. Indeed breakeven excluding inflation, opportunity cost and rental yield.

Another idea is to put up for listing for a long time, then decouple at a much lower price due to falling market. Possible?

bargain hunter
03-09-14, 23:10
de-couple in this way would be too troublesome. this seller was serious and it reflects the current market. seriously, i was tempted but i didn't buy it for the following reasons:

1) currently zouk is there.
2) zouk carpark in future will be sold with the conserved zouk building. future view could be blocked.
3) quite a small plot of land.
4) gotta bear with mrt construction for next 7 years.
5) if the plot of land is sold, gotta bear with building construction as well and at an unknown timing.
6) wifey says no. :ashamed1:

i mainly like the size, layout, price and psf of the unit. :)

Werther
04-09-14, 00:04
Hi bro bargain

You seem very savvy in property matter. What do you think of buying under my child, below 21 years and do it under a trust deed? What the the negative side of it?

Maxim1
04-09-14, 00:29
de-couple in this way would be too troublesome. this seller was serious and it reflects the current market. seriously, i was tempted but i didn't buy it for the following reasons:

1) currently zouk is there.
2) zouk carpark in future will be sold with the conserved zouk building. future view could be blocked.
3) quite a small plot of land.
4) gotta bear with mrt construction for next 7 years.
5) if the plot of land is sold, gotta bear with building construction as well and at an unknown timing.
6) wifey says no. :ashamed1:

i mainly like the size, layout, price and psf of the unit. :)

I looked at a high floor Tribeca unit some time back (not this unit)...

1. I agree that zouk is an issue - but as it would move out at some point, its current presence there didn't bother me too much.
2. The unit I looked at was facing the other direction towards the old HDB blocks, the many rows of old flats was not an ideal view to me though - although some might appreciate that its unblocked.
3. the plot of land is OK for me and quite average for district 9 (yes there are bigger projects around but psf in those projects may be more expensive)
4. mrt construction is not too bad as it is further away - at least not right next to it like Cosmo/Trillium.
5. the future indefinite construction in the zouk area was abit concerning for me though
6. wifey did not like the layout :P

What I liked mainly was that the building seemed new. The narrow pool on the second floor overlooks the shophouses and was also quiet on the weekend that I visited. Somehow I like to swim in such pools more than big olympic-sized ones (like Martin Plc) as the pool has abit more "character" and probably less screaming kids.

bargain hunter
04-09-14, 01:40
1) i m not that savvy lah.
2) this kind of thing, better consult lawyer.
3) i do not think u can buy under your child's name if he/she is under 21 years old. you can only buy it under someone else's (anyone above 21 years old) name and hold it under a trust deed for him/her. if your evil intention is as i interprete it below, your child has to be above 21 years old. :ashamed1:


Hi bro bargain

You seem very savvy in property matter. What do you think of buying under my child, below 21 years and do it under a trust deed? What the the negative side of it?

bargain hunter
04-09-14, 01:46
2) face main road rather noisy too? the old hdb blocks are gone. the land is now the base for the construction of the havelock mrt. that plot of land is now zoned as hotel (if i'm not wrong). those units have full west sun.
4) for now, the area is so open. tribeca will be able to feel the effects of the construction of great world mrt.
6) the layout seems better for the 4 bedder. but certain 3 bedders get dual view?


I looked at a high floor Tribeca unit some time back (not this unit)...

1. I agree that zouk is an issue - but as it would move out at some point, its current presence there didn't bother me too much.
2. The unit I looked at was facing the other direction towards the old HDB blocks, the many rows of old flats was not an ideal view to me though - although some might appreciate that its unblocked.
3. the plot of land is OK for me and quite average for district 9 (yes there are bigger projects around but psf in those projects may be more expensive)
4. mrt construction is not too bad as it is further away - at least not right next to it like Cosmo/Trillium.
5. the future indefinite construction in the zouk area was abit concerning for me though
6. wifey did not like the layout :P

What I liked mainly was that the building seemed new. The narrow pool on the second floor overlooks the shophouses and was also quiet on the weekend that I visited. Somehow I like to swim in such pools more than big olympic-sized ones (like Martin Plc) as the pool has abit more "character" and probably less screaming kids.

minority
04-09-14, 14:24
but after the MRT is done that area will have a lot of value.

Werther
04-09-14, 17:01
but after the MRT is done that area will have a lot of value.

Hi minority

U mean value ther will go up much? But I see condo ard holland v and farrer station not much different.

Cos now mrt is everywhere... Only without mrt, condo not so 'hot' by then.

Just my observation.

bargain hunter
04-09-14, 17:35
perhaps we can say, those which are near mrt, the value will hold up better. those that are really not near any mrt, more of a negative for them.

for tribeca, it will be tough to time a good buy timing as there will be a lot of construction going on for years. currently, its very peaceful until zouk opens for business. :)

for own stay, i guess a good time is now, when there's a price dip, but gotta bear with the construction. for rental, now is really not the time, rental could stay weak for many years.

minority
09-09-14, 11:03
Hi minority

U mean value ther will go up much? But I see condo ard holland v and farrer station not much different.

Cos now mrt is everywhere... Only without mrt, condo not so 'hot' by then.

Just my observation.

Well depends on the connectivity of the area. But given the MRT is there the rental will hold better. also I feel there are potential give the cleared area will be zone as hotel and offices.

Holland V is still far from any of the offices. So having MRT near the place also have to compare how far is the station and what amenities are near by. as well as the location. given alls the same will u rather pick a unit that is near MRT in town or a unit near MRT far from town?