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View Full Version : The Riverine by the Park (D12, Freehold, Wing Tai)



elements
07-03-07, 13:03
Location: Kallang Road (beside Kallang Riverside Park)

Tenure: Freehold

Site area: 35,323 sqft

Total units: 100 (30 storey)

Unit types:
*2 BR ~ 1000 sqft
*3 BR ~ 1200 to 1370 sqft
*4 BR ~ 1760 sqft
*Penthouses ~ 1800 to 2640 sqft

Price: expected $1200 psf

elements
07-03-07, 13:14
http://img83.imageshack.us/img83/9364/mapxm1.gif

This excellent site is strategically located beside Kallang Riverside Park, which is just diagonally opposite the Kallang MRT Station and bus terminal. The upcoming freehold development presents an attractive investment for home buyers with its convenient location close to popular water recreational activities and yet within close proximity to the city.

For entertainment and sports pursuits, The National Stadium, Singapore Indoor Stadium, Kallang Tennis Centre and Kallang Theatre are just a stone’s throw away while East Coast Park is just down the road for residents looking for sports and recreations.

Meanwhile, shopping areas, eating places and wet markets are all around the corner to meet resident’s practical needs. Excellent schools and institution such as Hong Wen School, Geylang Methodist Primary and Secondary School and Lasalle – SIA College of the Arts are also in the vicinity.


Easy Accessibility
The site’s strategic location in the Kallang area ensures easy access to all parts of Singapore. The Central Business District, Orchard Road and Changi Airport are within 10 minutes drive away via the Nicoll Highway and East Coast Parkway expressway. Public transports are also readily available with the Kallang MRT Station and bus terminal just a leisurely stroll away.

Unregistered
07-03-07, 14:04
Any picture? If this is 30 storey high, it will block the views of those HDB and condo that are situated more inland. Hopefully it is tall and skinny so it won't block too much of the views of those living inland.

Unregistered
07-03-07, 17:09
no pics ah? :)

Unregistered
09-03-07, 00:29
no pics ah? :)

$1200 PSF a bit expensive right? Actually the site is quite near to notorious Geylang red-light district, how come never describe?!

Unregistered
09-03-07, 08:03
$1200 PSF a bit expensive right? Actually the site is quite near to notorious Geylang red-light district, how come never describe?! IN 1-2 years time, it's the norm.Developers are building for the expected influxs of rich foreigners/PR-to-be over the next 10 years. Kallang is near CBD, Overlooking future sport-hub and the Marina Bay areas. Why expensive ? Red-lights only add to the spices of the Marina Bay Sands/ Resort-world at Sentosa. See the future !!!

Unregistered
10-03-07, 15:34
Yeah the future is Wing Tai!

no
10-03-07, 15:47
Wing Tai condos normally very cheena one... tessarina's exterior and interior very obiang.

their other condos like kovan melody and nexus have white color grilles after you step out of lift and before you enter the corridor to the apartments. very low-class looking lah... :(

Unregistered
10-03-07, 16:19
What do you mean by cheena? I don't understand.

Unregistered
10-03-07, 21:29
That's why Wing Tai makes a lot of money = sell high but build on low cost materials :-)

Unregistered
12-03-07, 23:01
wooohoooo! $1200 psf!!!!! I am VERY VERY sure it will be HOT and sold out! i mean, if one north can sell for $1000psf, one rochester $1200 psf, Riverine will beat them both hands down as it is "the only FREEHOLD residence in the Greater Marina Area" - the advertising tagline by Wing Tai. note: "Greater Marina" they are including Kallang in the Marina Bay scheme of things..

insane
12-03-07, 23:54
$1,200 psf for Kallang is pure insanity. If popular, will be seeing lots of rich foreign buyers instead of local ones. Many locals are still reeling at the price movement upwards for traditionally none-prime properties as evidenced by the response at one north (mostly local buyers). Prices have gone up, locals' salaries haven't.

Unregistered
13-03-07, 18:22
Actually it can turn out to be quite a nice area. This area is slated for URA development. Can't be too bad what. We shouldn't be too narrow minded. Think of the future possibilities, the potential. That's why Li Ka Shing and Donald Trump became so rich: by developing luxury properties in cheap/lousy areas that nobody else wanted, and turning them into expensive areas.

Unregistered
13-03-07, 21:28
Wing Tai builds iconic projects. Look at Visioncrest: the jewel of Dhoby Ghaut.

Marina East
19-03-07, 14:31
If freehold at $1,200 psf too expensive, then go buy 99-leasehold Southbank lor.

Unregistered
19-03-07, 16:23
If freehold at $1,200 psf too expensive, then go buy 99-leasehold Southbank lor.


Both The Riverine and Southbank are great projects in their own right. Both are looking mightily attractive. Given spare cash, I would buy one each :P

wings tai
21-03-07, 00:28
I can see the potential of Riverine. This part of Kallang is quite pleasant and is very near the city area. There will definitely be a water view for most units, as Kallang is on the river and also near the sea. So residents will get either sea or river or both. Wing Tai has been very successful in their property development so this should not be any different. Wing Tai has got long term foresight.

good one
21-03-07, 14:51
With the development of waterways into high end zones (residents must expect to pay more, even for HDB) spearheaded by URA, Kallang River will be very happening. Perhaps even yachts will be allowed in to berth at Riverine. Soon Kallang will be a place for the rich and famous. :D

OKT
21-03-07, 19:14
Wah! Does that mean that my terrace houses in Geylang also will cost $1200psf! Wah like that I must upgrade my girls already. Have more high end girls to serve new high class customers from the new high class "Greater Marina Bay".

Unregistered
21-03-07, 20:01
What you mean? You mean marina bay in future will have more high class girls to serve us for supper? Yummy...I must book a bunny girl now!

mr funny
29-03-07, 04:45
Published March 29, 2007

Wing Tai lining up 3 new launches

By ARTHUR SIM


WING Tai Asia will roll out at least three new residential launches over the next few months including two on recently acquired collective sale sites.


http://img239.imageshack.us/img239/564/bt59328892803200715144dqz0.jpg
Riverine by the Park: Set for April launch. On pricing, Wing Tai plans to take its cue from new projects nearby


Helios Residences on the former Phoenix Mansion site at Cairnhill Circle will be launched in May while the yet-to-be-named development on the former Belle Vue site at Oxley Walk will be launched in July.

The third development will be The Riverine by the Park on Kallang Road, to be launched in April.

Wing Tai deputy chairman Edmund Cheng would not reveal launch prices but said that it would take its 'cue' from new properties in the same vicinity.

Wing Tai bought Phoenix Mansion for $57.9 million or $716 per square foot per plot ratio (psf ppr) in July 2005 and Belle Vue for $227.3 million or $665.95 psf ppr three months later.

Although it has helped to boost the collective sales market here - with the $1,369 psf ppr price it paid for Ardmore Point in October last year, and more recently paying $1,650 psf ppr for Anderson 18 (with City Developments) - Wing Tai does feel that owners' price expectations for collective sale sites are getting quite high.

'They are asking for prices that are higher than what developers are selling,' said Mr Cheng. 'I think they have to be a bit realistic also,' he added.

Still, as Mr Cheng conceded, the sentiment in the market is, 'good'. 'The market is strong and economic growth is there. Singapore is transforming from a local to a global market, so of course your asset will have a global value,' he added.

On future acquisitions, Mr Cheng said: 'We will continue to see how the market develops. If the market continues to be strong, we will respond and consider if there is economic viability or not.'

Wing Tai does already have a sizeable stable of new products. In April 2006, it acquired a large development site with NTUC Choice Homes in Tanah Merah and Mr Cheng says that this development, which will have around 500-units, will also be launched this year.

The new development on the site of Newton Meadows, acquired in May 2006, could also be launched this year, he said.

In the 'super, super luxury' segment, Wing Tai is expected to launch the new developments at Ardmore Point and Anderson 18 early next year. These will be two separate developments, Mr Cheng said, quelling speculation that both sites could be amalgamated.

Other high-end products that Wing Tai has on the market include The Light @ Cairnhill and VisionCrest Residences. The former is almost fully sold while the latter is more than 50 per cent sold. For its high-end developments, foreigners make up about 50 per cent of the buyers, Mr Cheng revealed.

Unregistered
25-04-07, 16:20
Launching at $1200 psf to $1600 psf. No showflat. Selling through floor plan.

Showroom Hopper
25-04-07, 17:12
Launching at $1200 psf to $1600 psf. No showflat. Selling through floor plan.

Cheong ah!

jesus christ
25-04-07, 19:14
Launching at $1200 psf to $1600 psf. No showflat. Selling through floor plan.

Selling overseas, I bet! That's when buyers cannot see what is around the condo.... well, they will be in for a rude shock when they finally collect the keys.

Showroom Hopper
25-04-07, 19:28
Selling overseas, I bet! That's when buyers cannot see what is around the condo.... well, they will be in for a rude shock when they finally collect the keys.


Are you buying?
I have driven to the showroom next to the site 2 months ago. It wasn't ready then. Maybe you can drive there and check out the place yourself.

Jesus
25-04-07, 20:08
Are you buying?
I have driven to the showroom next to the site 2 months ago. It wasn't ready then. Maybe you can drive there and check out the place yourself.

I haven't seen the showroom but i have driven to the site quite a number of times. All i can see are the beach rd office buildings. ok granted there is a view of the kallang basin/river but hey look around you, behind there are flatted factories and a few minutes away are the Geylang fcuk shops and durian sellers.

MRT track is just nearby.

Dunno lah, this location just seems very low class to me. Pay me also i won't live here. Damage my reputation only.

mary
26-04-07, 09:14
Almost fully sold.

Price ranged from $1300 psf to $1700 psf for high floors.

Unregistered
26-04-07, 09:21
Almost fully sold.

Price ranged from $1300 psf to $1700 psf for high floors.

OH

MY

GOD

Kallang?????

Unregistered
26-04-07, 09:48
They marketed this project overseas? Cos I can't think of any Singaporean willing to pay that price for Kallang.

Watcher
26-04-07, 10:34
They marketed this project overseas? Cos I can't think of any Singaporean willing to pay that price for Kallang.


Singaporeans bought lah.

Topo
26-04-07, 18:40
http://www.wingtaiasia.com.sg/images/riverine/map.gif

Unregistered
27-04-07, 08:14
so far, heard 17 units left.... showroom still not ready, maybe no use for it after this weekend.... heard another 4 storeys of the units were held back... the risk of blocked waterfront views quite high given the plot of state land nearby... hopefully wing tai will bid for it and plan wholesomely to safeguard interests of their buyers at the riverine by the park...

Unregistered
27-04-07, 08:50
the risk of blocked waterfront views quite high given the plot of state land nearby... hopefully wing tai will bid for it and plan wholesomely to safeguard interests of their buyers at the riverine by the park...

i don't think wing tai cares.

Greenie
27-04-07, 09:46
i don't think wing tai cares.


Cos' it will be a park, an extension of Garden by The Bay (Marina East).

DRSG
27-04-07, 12:58
I would recommend my domestic maid to go there for their Sunday picnics.:D

big boss
27-04-07, 13:37
I would recommend my domestic maid to go there for their Sunday picnics.:D

You confirm? OK then i will call my company's Thai and Bangla workers to join your maids.

Maybe like that GOVT no need to import 2 million new immigrants. Can manufacture locally.

RoadRunner
27-04-07, 14:24
http://www.wingtaiasia.com.sg/images/riverine/map.gif


The development is just in front of a ERP gantry?

Unregistered
27-04-07, 14:52
What you mean? You mean marina bay in future will have more high class girls to serve us for supper? Yummy...I must book a bunny girl now!

Everything is possible. If Govt is think about moving the port to Jurong, they can do the same with the red light establishments. Agree?

DRSG
27-04-07, 16:37
FYI,high class ladies are booked on appointment basis.More espensive than seeing a heart specialist :D

Unregistered
30-04-07, 14:51
FYI,high class ladies are booked on appointment basis.More espensive than seeing a heart specialist :D

But heart specialist cannot cure the problem down there.

Unregistered
01-05-07, 20:40
How to book High Class lady? Please give us their contact numbers? I never met a high class lady in my life

DRSG
01-05-07, 20:55
But heart specialist cannot cure the problem down there.

But if heart problem down there also problem.

Unregistered
01-05-07, 20:58
Buyers of this project are doomed. Ridiculous price in kallang cum geylang vacinity. I wouldn't even touch it at $800psf, needless to say $1600psf. This new breed of so called investors are really shit for brains.

Property Cashier
01-05-07, 22:40
Buyers of this project are doomed. Ridiculous price in kallang cum geylang vacinity. I wouldn't even touch it at $800psf, needless to say $1600psf. This new breed of so called investors are really shit for brains.


They are shit for brains?
I think you are the one with shit brain and you are a poor asshole.

Just because you are poorer than them does not warrant you the right to insult them. Poor means poor. Can't afford means can't afford. Empty vessel!

Unregistered
03-05-07, 13:48
They are shit for brains?
I think you are the one with shit brain and you are a poor asshole.

Just because you are poorer than them does not warrant you the right to insult them. Poor means poor. Can't afford means can't afford. Empty vessel!
You are even worst, you support the idiots. You are the head of the idiots. Master/mistress idiot. Scrambled shit for brains you are.

calm down children
03-05-07, 13:58
Now now, stop quarrelling. it is time for your after lunch nap.

Children
03-05-07, 15:10
Now now, stop quarrelling. it is time for your after lunch nap.


That's correct! Cool down and take a nap! What's is there to fight?

Have a good rest By The Bay. We can go down later to get ourselves a few good Riverine units.

1200-1700?
03-05-07, 21:48
1200-1700?!!!! Definately agents posting to hype people to buy!!!!!Shit, this price for a project between kallang and geylang? What district is it anyway?
This used to be the old furniture warehouse right? It is nearer to geylang than kallang! Only Orang Gila will buy this area for this price. Freehold or leasehold is no issue. It is location, location, location. Your project is next to geylang for God sake. Alamak, many people will go bankrupt as what is see.
May god pity on them when TOP comes.

Teacher
03-05-07, 22:35
That's correct! Cool down and take a nap! What's is there to fight?

Have a good rest By The Bay. We can go down later to get ourselves a few good Riverine units.


By the time you go down, the units are all gone.

Happy Man
04-05-07, 19:42
You are even worst, you support the idiots. You are the head of the idiots. Master/mistress idiot. Scrambled shit for brains you are.



Minister is bullish about growth potential but says land and labour costs must stay competitive
Geert De Clercq + Mia Shanley
Reuters
Singapore
4 May 2007

Singapore can exceed its 3 to 5% growth potential over the next five to eight years, .................... that the government is not worried about inflation despite a planned two percentage point increase in the goods and services tax, a tight labour market, and a red-hot property market.

He said .................... said that rising property prices and higher salaries were a logical consequence of such policies, but added Singapore would remain competitive with other financial centres.

"We are quite confident that we will remain a lower-cost city among the high-value cities of the world. Amongst the financial centres of the world, we will remain lower cost for quite some time to come," he said, adding that office space costs were still about a third of those in London, 40% of those in Hong Kong and about 60% of those in Tokyo.

He said that the planned new financial centre at the city's waterfront Marina Bay would ease price pressure on office space. He also said that the government would not be shy to intervene in the property market to curb excessive price inflation but said "we are not anywhere near that yet."

"We are quite comfortable with the present stage of the cycle because the mass market is not involved in the frenzy," he said.


Hello friend, why so angry? Relax!

1. The government is not worried about the red-hot property market.

2. Rising property prices are a logical consequence of good economy policies.

3. We are still a lower-cost city among the global financial centres. We are about a 1/3 of London, 40% of HongKong and about 60% of Tokyo.

4. We are not anywhere near the point of excessive price inflation in property market.

5. The government is comfortable as the mass market is not involved in the frenzy.

You are now getting richer! Happy right?

Unregistered
24-05-07, 00:25
you can find some pre-view pictures there.
http://www.skyscrapercity.com/showthread.php?t=384940&page=6

Unregistered
26-05-07, 23:28
Passed by today, the show room was opened for public. Wad told by the lady there all 3 and 4 rooms sold. left only half for 2 rooms.

What!!!
30-05-07, 21:28
Passed by today, the show room was opened for public. Wad told by the lady there all 3 and 4 rooms sold. left only half for 2 rooms.

Is this hot? how much $ is psf? what so good about this..

Riverine
31-05-07, 23:13
http://img108.imageshack.us/img108/9467/crw1977pa6.jpg (http://imageshack.us)

Unregistered
01-06-07, 12:05
Is this hot? how much $ is psf? what so good about this..

very very hot! S$1700 psf!! I think the price is crazy!! But still out of 96 units available; over 80 units have been sold so far!!! This is crazy!!! This place is so near to Geylang Lorong 1 and Kallang; these are normal people living areas! How can be so so so expensive!! Just wondering who are these people that are buying ????

Riverine
01-06-07, 12:36
The good, the bad, the ugly!!!

Good
-- Just at the fringe of CBD
-- Near MRT
-- Near new sport hub
-- Part of marina bay development
-- Very convenient route to marina business center.
-- River Park just at door step.
Bad
-- Very expensive for D12
-- Surrounding development is depending on URA next released plan (could be great potential or the other way)
Ugly
-- Near Geyland?? (make a night visit to verify yourself, it is far from Geyland activities, is a serene place)

Unregistered
03-06-07, 18:35
Dont care if it is near Geylang activities or not, most of the buildings in Geylang are very old and very ugly! Living there is not too good for your eyesight!

Unregistered
05-06-07, 00:11
District 12: Novena, Balestier, Moulmein, Toa Payoh
District 13: Potong Pasir, MacPherson
District 14: Geylang, Eunos, Paya Lebar, Kembangan

Geyland?

riverine
09-06-07, 14:14
Wing tai agent told me it is fully sold.

Unregistered
16-06-07, 01:26
Anyone know is the showroom still open?

Unregistered
22-06-07, 02:06
i think it's closed already... but you can walk around to peep through the glass windows...

Registered
22-06-07, 09:51
i think it's closed already... but you can walk around to peep through the glass windows...


It's to be closed as it's already sold out.

Unregistered
22-06-07, 12:25
WHAT!!Geylang areasell for $1600???

This place got so many prostitute and Aqua still want to buy. STUPID!!

$1600 psf better look for Newton area better silly.

Unregistered
22-06-07, 17:13
WHAT!!Geylang areasell for $1600???

This place got so many prostitute and Aqua still want to buy. STUPID!!

$1600 psf better look for Newton area better silly.


I agree. That price is ridiculous for that general area. Check out what one property offionado has written: http://gapuraland.blogspot.com/2007/06/on-why-yifu-wont-touch-red-areas.html

kallang is Geyland ?
23-06-07, 12:24
Interesting point:

Kallang = Geyland

Unregistered
23-06-07, 12:37
Interesting point:

Kallang = Geyland


No, Kallang is certainly not Geylang. I think the thread above, was in reference to a different discussion.

whatever
25-06-07, 01:30
whatever you say

http://www.wingtaiasia.com.sg/images/riverine/main_fullysold.jpg

Unregistered
25-06-07, 20:54
Do you mean fully sold = property good?

So childish !!!!! It just means that there are many victims being cheated by the property agents and developer.... hahahhaha

Observer.
25-06-07, 22:49
Do you mean fully sold = property good?

So childish !!!!! It just means that there are many victims being cheated by the property agents and developer.... hahahhaha



Shh .... not so loud .... you want the whole world to know you are poor and can't afford it?
Lay low lah!

Unregistered
25-06-07, 23:25
haha this is very interesting, I prefer to be poor than to be stupid!

Riverine
29-06-07, 23:50
吴汉钧
联合早报
2007-06-29

根据650万人口规划新加坡,当然得安排足够的住屋,政府接下来除继续发展榜鹅及盛港组屋区,也开始把目光聚焦于滨海南和加冷煤气厂旧址一带地段,发展更多市区住宅。

国家发展部长马宝山本星期一受访时透露,加冷煤气厂旧址一带是发展市区住宅的另一个重点地段。由于这个地区衔接中央商业区和巴耶利峇区域中心,具备发展潜能,而且毗邻加冷河畔公园,环境优美,他相信那里会是个受欢迎的市区住宅地段。

马宝山说:“那一带刚好在市区边缘,不在市区内,就好像是进入市区的大门。我们希望那里会有办公室、SOHO(居家办公单位)项目、零售和娱乐设施、酒店等。那里也靠近加冷河,有发展河畔住宅的潜能。”

市区重建局正在考虑的地段,南北以尼诰大道和加冷路为界,东西以哥罗福街和沈氏大道为线,与体育城为邻,整个地段涵盖旧加冷机场、加冷河、加冷河畔公园及加冷煤气厂旧址。

加冷煤气厂俗称“火城”,拥有130多年历史的煤气厂拆除后,那一带就一直是个定位相当模糊的地区,没有明确的发展蓝图。

不过,近年来附近出现许多发展计划,使加冷煤气厂旧址一带的发展逐渐明朗化。这些发展计划包括嘉德置地在劳明达的瓅之尚都(Citylights)、华业集团位于新桥路的Southbank和永泰控股位于加冷路及加冷河畔的Riverine By The Park,位于加冷路及捷利歌路(Jellicoe Rd)之间的地段最近也被列为酒店发展备售地段。

滨海湾公园周围地段将发展成优质住宅区

另外,滨海南围绕滨海湾公园(Gardens by the Bay)周围的地段将发展成优质住宅区,这些住宅的居民将拥有无敌海景和公园风景。

马宝山在访谈中畅谈2001年发展概念总蓝图(Concept Plan 2001)需要进行中期检讨的缘由,以及政府打算如何规划下来五年的发展总蓝图(Masterplan 2008)。

概念总蓝图勾画出未来40至50年的土地规划发展大方向,每10年检讨一次。2001年概念总蓝图原定2011年检讨,不过这几年来人口和经济发展变化迅速,市建局因此决定今年展开中期检讨。发展总蓝图则是每五年修订一次。

对于新加坡人很关注650万人口的问题,马宝山知道这引起了一些人的焦虑,他重申这并不是政府的目标,而是规划时的依据。不过,他也认为,新加坡要维持经济和社会活力,就有需要增加人口。

今年2月,以650万人口作为新加坡未来四五十年的规划依据的消息见报后,很多人关注新加坡是否容纳得下这么多人。人们担心地比香港小、人口一旦和香港一样多的新加坡是否还能提供人民负担得起的住屋,人民是否都要挤小房子、缺乏休闲空间等现实问题。

他说,规划需要根据一些假设才能进行,规划师没有目标就无从下手。在考虑了人口增长趋势、各领域的成长后,确立了650万人口的规划依据。

“在可预见的未来,根据我们知道的技术——不论是往空中发展还是往地底开挖,根据我们的土地储备,根据我们对学校、公路、地铁、蓄水池、武装部队、办公楼、污水处理站、公园等细节的规划,我们可以安顿好这些人口。”

2001年概念总蓝图是以550万人口作为规划依据,当时人口只有390万左右,目前已增加到将近450万。一些分析家认为,新加坡有可能在20年内达到650万人口,马宝山基于人口增长的不可预测性,不苟同这样的看法。

马宝山也谈到巴耶利峇和裕廊东区域中心的发展,以及政府会如何通过规划促进新加坡的休闲生活及打造一个人人钟爱的家园。

Unregistered
09-07-07, 00:12
Dear all,

Riverine units for sale:
Penthouse. Asking 1800psf
Stack 02. abv #25. 1744sqft. Asking 1750psf
Stack 03. Abv #15. 1206sqft. Asking 1680psf

Interested investors, pls reply throught this thread.

Rgds.

Unregistered
10-07-07, 17:17
Dear all,

Riverine units for sale:
Penthouse. Asking 1800psf
Stack 02. abv #25. 1744sqft. Asking 1750psf
Stack 03. Abv #15. 1206sqft. Asking 1680psf

Interested investors, pls reply throught this thread.

Rgds.

So cheap huh. Sorry hor I only buy above 3000 psf hor. This one makes me look bad with my mahjong pals hor. If you price above 3000psf i consider hor. Just price it at 3500 psf lar sure got people buy one. Foreigners.

Seng
10-07-07, 17:58
So cheap huh. Sorry hor I only buy above 3000 psf hor. This one makes me look bad with my mahjong pals hor. If you price above 3000psf i consider hor. Just price it at 3500 psf lar sure got people buy one. Foreigners.


Wah liao!
Dun pretend you pray mahjong with us leh.

Riverine
25-07-07, 00:27
http://www.wingtaiasia.com.sg/images/riverine/main_fullysold2.jpg

http://www.wingtaiasia.com.sg/images/riverine/5.jpg

http://www.wingtaiasia.com.sg/images/riverine/4.jpg

http://www.wingtaiasia.com.sg/images/riverine/3.jpg

http://www.wingtaiasia.com.sg/images/riverine/2.jpg

http://www.wingtaiasia.com.sg/images/riverine/map.jpg

Riverine
24-05-08, 23:37
This is not important you guys said is Kallang or Geylang, can make money is “Big-lang”. Master Plan 2008 had revived this property.

Riverine
25-05-08, 20:22
http://forums.condosingapore.com/showthread.php?t=2638

Da
30-05-08, 13:20
anyone knows what is the take up rate like, so far?

da
30-05-08, 13:23
opps..ignore my posting, I see that is fully sold. So popular, or ppl just buy to flip?

Riverine
04-06-08, 13:28
The market used to assume that the government would top up leases for sites to 99 years as they came up for redevelopment. A series of recent decisions - in which the authorities either declined lease top-ups or allowed them, but for shorter tenures - have put a big question mark over that assumption.

Property players say these decisions could have an impact on investment sales of 99-year leasehold properties or at least the way such deals are structured.

In January, when the proposal for Market Street Car Park’s redevelopment into an office tower was made public, owner CapitaCommercial Trust revealed that the authorities declined to top up the lease for the site, which has another 65 years to run.

More recently, the market learnt that the former Crosby House site at 71 Robinson Road - which is being built into a new office block - had its lease topped up in April last year, not to the usual 99 years but 85 years and 10 months instead. This was apparently to match the remaining lease term of SIA Building next door.

BT understands that no lease top-up was granted for Marina House last year, which is proposed to be redeveloped, although HMC Building nearby (being developed into Lumiere condo) got a lease top-up to 99 years earlier. Sources say another building at Cecil Street has also had its lease top-up application rejected. Again, the Urban Redevelopment Authority (URA) may have plans for the streetblock where it is located.

In recent years, the government has topped up leases of nearby sites to the original 99-year term, including 1 Shenton Way (being redeveloped into One Shenton), NatWest Centre (being redeveloped into The Clift) and HMC Building.

The recent decisions appear to run contrary to the perception that the government would generally agree to top up leases of such sites to the original 99 years, so long as the planned redevelopment scheme is in sync with URA’s long-term vision for the area.

Instead, Singapore Land Authority (SLA) said: ‘The government will generally allow leases to expire, without extension.’ It noted that ‘the state generally sells land on leasehold to allow it the flexibility to reallocate land to meet socio-economic needs.’

‘However, the government has considered and allowed lease extensions based on whether the proposed redevelopment is in line with the government’s planning intention and long-term development plans, and factors such as whether there would be significant intensification, or greater optimisation in land use. That remains the government’s policy,’ SLA said.

SLA evaluates each application on its merits and in consultation with the relevant agencies. The specific circumstances of each development dictate whether it should be given a lease extension - and for how long.

Market Street Car Park’s lease was not topped up ‘as there is a need to retain planning flexibility over the future development of the site’, SLA said.

URA said it evaluates requests for topping up leases based on ‘a range of planning considerations in relation to the specific location and context of the area’. This approach gives ‘the state flexibility to review the longer-term plan for the area, as and when the existing leases expire or come in for extension in future, and to reconfigure the parcels, if required, to provide for better land utilisation’, it added.

In the Central Business District, for instance, the considerations may vary from streetblock to streetblock, URA said, when queried about the unusual lease top-up to 85 years and 10 months for 71 Robinson Road. ‘This lease period is sufficient to allow for the owner to redevelop the site to a new modern office building,’ URA added.

DTZ executive director Ong Choon Fah said: ‘In the past, the government may have been pretty liberal in topping up leases. Now, they’ve to think of Concept Plan 2011 and how to accommodate a long-term population of 6.5 million people.

‘So they have to be more creative and safeguard land for the future, by having a common lease expiry period.’

The head of a property consulting group said: ‘URA’s probably doing a housekeeping exercise of trying to coordinate lease expiries of buildings in the same streetblock, to give themselves some flexibility. So they may ask: ‘What’s the longest remaining lease in this block? Let’s now try, going forward, to have leases in this streetblock expire at the same time, so that in future, if we want to do anything, we’ll be able to do that.’

DTZ’s Mrs Ong observes: ‘There are many pencil buildings on tiny plots in the CBD. It would be more efficient if the government has common lease expiry periods for adjacent plots so that they may amalgamate them into bigger land parcels and resell them in future.

‘It’s more efficient to intensify land use for bigger land parcels. Globally too there’s a trend of mixed developments, with a live, work, play environment. It’s more environmentally friendly and reduces commuting time. For that too you need bigger sites.’

Source : Business Times - 4 Jun 2008

focus
03-04-10, 12:04
My usual vomit blood post.. No constructive comments whatever.

My parents are now looking at Riverine ..
and at $1400psf to $2000psf in the listing prices... you can look at seafront and belvedere at meyer road.. even consider river valley condos.

But I can only console myself... home is where they want to stay, not whether got investment value. Location X3 don't matter. Value don't matter. It's whether you can pay without dripping blood, that's matter.

I pray to thee almighty property god to help them make the right decision.

DC33_2008
03-04-10, 15:29
My usual vomit blood post.. No constructive comments whatever.

My parents are now looking at Riverine ..
and at $1400psf to $2000psf in the listing prices... you can look at seafront and belvedere at meyer road.. even consider river valley condos.

But I can only console myself... home is where they want to stay, not whether got investment value. Location X3 don't matter. Value don't matter. It's whether you can pay without dripping blood, that's matter.

I pray to thee almighty property god to help them make the right decision.

Are they for investment or own stay?

cashrich
03-04-10, 15:47
My usual vomit blood post.. No constructive comments whatever.

My parents are now looking at Riverine ..
and at $1400psf to $2000psf in the listing prices... you can look at seafront and belvedere at meyer road.. even consider river valley condos.

But I can only console myself... home is where they want to stay, not whether got investment value. Location X3 don't matter. Value don't matter. It's whether you can pay without dripping blood, that's matter.

I pray to thee almighty property god to help them make the right decision.

Can keep cash instead.

DC33_2008
03-04-10, 15:49
But cash has very little growth.

helenthean
11-04-10, 17:26
I personally feel that this is a real gem that has not been discovered yet. It is the only FH property in the huge plot of land in the Kallang Riverside plan; and of course this is made up of 99 yr land that has not been incldued in GLS yet. The view is fantastic - both stadium view and marina view. MRT is also within 5 minutes walk. I understand from agents that TOP is this month or latest next month.

Condorich
11-04-10, 18:25
I personally feel that this is a real gem that has not been discovered yet. It is the only FH property in the huge plot of land in the Kallang Riverside plan; and of course this is made up of 99 yr land that has not been incldued in GLS yet. The view is fantastic - both stadium view and marina view. MRT is also within 5 minutes walk. I understand from agents that TOP is this month or latest next month.

I said that to someone earlier in the forum. No response but at least no direct disagreement. But I would say that I agree with you on this. Hope that owners can give chance give chance to those who are looking at this. Asking not low.

azeoprop
11-04-10, 18:50
Looking at earlier posts, this project was launch in april 2007 at around 1300-1700psf, I guess the owners will be asking at least 1800psf to make profits for subsale. :beats-me-man:

Looking at streetsine, I think all the 4 sub sales in 2009 at around 1200psf were losses. :spliff:

blackswan
11-04-10, 22:32
Time it numerous time between Kallang MRT and Riverine. Its around 8mins. No jaywalk between the 2 traffic lights.

Its freehold and the view is good (think so) but if you really walk there and stand there for some time, dun know why the atmosphere just doesn't seem right, but believe its just me.

Anyway, for this price and so near near to Geyland, would lrather go for Meyer side of things.

2 cents worth.

mcmlxxvi
11-04-10, 22:37
I think the atmosphere is not right because in front you get the mrt rising out of the ground and at the side you get some messy construction ground belonging to the govt... ?

Condorich
12-04-10, 03:49
Its ok to disagree.. I could be wrong also. Just giving a opinion. Look beyond the flaws to see the real beauty. And move your horizon 5 to 10 or even 30 years down the road. MM lee had said something along those lines. "30 years from now... Singapore will be a metropolis" after independence. sorry for any misquote. ISD agents take note :)

A diamond is a worthless stone burried in the ground before being discovered. Next after discovery is to polish it to perfection. Something you can do but nothing beats polishing by skilled professionals (government and other developers).

Those sold at a loss may be due to other reasons or not as ideal facing. They could have been bought by investors on interest only scheme or Deferred payment scheme. Caught red handed with their pants down by savy buyers. Must do a more careful analysis on that to draw the correct conclusions.

Ok, make myself clearer, I would suggest to go for right penthouses. But don't blame me if the investment turn sour. Make your own decisions.

helenthean
13-04-10, 22:48
Time it numerous time between Kallang MRT and Riverine. Its around 8mins. No jaywalk between the 2 traffic lights.

Its freehold and the view is good (think so) but if you really walk there and stand there for some time, dun know why the atmosphere just doesn't seem right, but believe its just me.

Anyway, for this price and so near near to Geyland, would lrather go for Meyer side of things.

2 cents worth.

If you lstudy the Kallang Riverside plan (URA) and then look at where FH Riverine is located, there will be luxurious hotels (99 yrs), lots of high end very high plot ratio riverside condos (99 yrs); luxurious sea-side resorts and the Kallang Sports Hub, etc around it in the years to come. Jurong Lake District GLS has been triggered; Paya Lebar District GLS has also been triggered; Kallang Riverside when??

People previously were skeptical about Marina Bay project. Now D1 (and D2) is a much sought after district.

Kallang Riverside GLS has not been triggered yet because Kallang Sports Hub project is delayed; releasing land now will not fetch a good price. Moreover, it is better to focus all attention on Marina Bay and Sentosa Cove projects first before turning attention to Kallang Riverside. If 99 yr LH Sentosa and Marina Bay condos can fetch $3000 psf and higher; Kallang Riverside condos won't be far off.

Moreover it is so near CBD. Fantastic Views of Marina Bay and Kallang Riverside beckons. The only other condo I know with both views is Concourse Skyline... look at its pricing now.

Just look at much further away LH Dakota Residence and Waterbank facing the clean and sweet smelling Geylang canal and their pricing in psf to appreciate FH Riverine.

There are many many condos in Meyer road and surroundings - Marine Parade, Katong; what further developments (thereby enhancing land value) are there in that area? And look at the vast potential developmets in Kallang Riverside.

Are there MRT near Meyer Rd? Of course you may argue that only rich people stay there and they have nice cars.. But what about tenants? Do we have many tenanted units in Meyer Rd condos? Maybe, tenants also rich and so don't need MRT...But we all know that condos near MRT are always valued higher than condos not near MRT ceteris paribus :). Learnt my econs too long ago; don't know spelt correctly or not hee hee.

Just my 2 cents worth :).

Condorich
14-04-10, 11:45
helenthean

certeris paribus is correct.

Definition: Ceteris Paribus means "assuming all else is held constant". The author using ceteris paribus is attempting to distinguish an effect of one kind of change from any others.

Good analysis. Too much leaked out already. To each his own. Even buying at this area will not guarantee a sure win, you need to choose the exceptional locations within this location. Location has it all. Enough said, wrap this up for those who can afford it and has great vision or Dream..

bargain hunter
30-05-10, 19:59
damn suay...

Man found dead at open field along Kallang Road
By Claire Huang | Posted: 30 May 2010 1623 hrs
http://www.channelnewsasia.com/imagegallery/store/phplYCydG.jpg Photos 2 of 2 ">http://www.channelnewsasia.com/images/dotline_240.gif
Officers conduct investigations at the crime site


SINGAPORE : A man was found dead in an open field along Kallang Road.

A passer-by spotted the body and alerted a security guard at condominium Riverine by the Park next to the field.

And it was the guard who called the police at around 7.30am.

According to the guard, the dead man's head was covered in blood.

He was dressed in a brown T-shirt and black pants.

More than 10 officers were deployed to the scene where a forensic team spent the whole morning conducting investigations.

Police spokesperson Yvonne Edwin said: "The body of a man, believed to be Indian, was found at the said location. He was pronounced dead by the paramedics at about 8am. Police have classified the case as murder and investigations are currently ongoing. Anybody with information should call the police hotline at 1800-255-0000." - CNA /ls

azeoprop
30-05-10, 22:18
This condo is now officially haunted....:eek:

kali-yuga
30-05-10, 23:57
not to forget Liu Hong Mei was murdered not too far away from there couple of years ago.

dtrax
31-05-10, 01:59
Its a pity.. I kinda like the condo facade and the nice marina bay view... why is heaven so unfair to let a newly TOP condo become tainted with haunted ghost??

bargain hunter
31-05-10, 10:41
very unlucky for newly TOP condo. but the murders took place outside the condo. Still can grab one if you guys like it. :D condo itself is not haunted......only the surroundings......:ashamed1:


Its a pity.. I kinda like the condo facade and the nice marina bay view... why is heaven so unfair to let a newly TOP condo become tainted with haunted ghost??

Arcachon
24-01-20, 12:19
https://dwk5ggjgl5r05.cloudfront.net/v3/szfd6Ym3NMt6Xhigkh6dE4?width=1200&mode=fill&text=99.co&sampling=lanczos&quality=70&version=1&is_watermark=True&signature=465ecbf3f1fb29ee63c22f5b76c7e5c7e3751aaa

https://i0.wp.com/farm5.static.flickr.com/4023/4581016243_47cd55d31e.jpg?resize=500%2C333

https://www.flickr.com/photos/bensonkaw/sets/72157623873921629/