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Thread: Kepland bids 1163psf ppr for kim tian plot

  1. #31
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    so there's even more restrictions! its an average 88 sq m (946 sq ft) rule!

    Quote Originally Posted by Rosy
    This should be governed by the 70sqm rule?

    How are they going to sell at the average of 2k psf?

  2. #32
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    sell gold buy land

    mrt land is the new gold
    Ride at your own risk !!!

  3. #33
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    btw, Keppel sold 15% stake in Tanah Merah plot to Wanke, China largest developer (probably in exchange of some deals in China)

    Keppel land is so aggressive in land bid .. I must kowtow ... FEO is history liao

    correction, 30% stake, not 15%

    also from Keppel report:

    Moving forward, the group will focus on the core markets of Singapore and China while strengthening its position in Vietnam and Indonesia.
    Last edited by phantom_opera; 19-04-13 at 10:16.
    Ride at your own risk !!!

  4. #34
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    this plot prob would invite Vanke in for partnership also.

    Quote Originally Posted by phantom_opera
    btw, Keppel sold 15% stake in Tanah Merah plot to Wanke, China largest developer (probably in exchange of some deals in China)

    Keppel land is so aggressive in land bid .. I must kowtow ... FEO is history liao

  5. #35
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    $1163 psf!!!

    It was so easy for us all to put in the numbers. Some might be bullish but nowhere near these developers who are putting in real $$$.

    I hold tight tight to my unit there. Waiting to reach at least $1.8k psf.

  6. #36
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    Quote Originally Posted by bargain hunter
    PUBLISHED APRIL 19, 2013

    KepLand's top bid sets new high for housing land

    It bids $1,162.86 psf ppr for 99-year private housing site in Kim Tian Road

    ................

    Market watchers' estimates of KepLand's breakeven cost range from $1,660 psf to $1,800 psf, with some suggesting that the group could be looking at an average selling price of around $2,000 psf.
    I thought it is a F'hold project.. till I read this page..
    OMG!! Is a 99-year LH.. moreover will be selling at $2k psf..


    Suddenly have a feeling that those currently on the resale mkt is a underpriced..

  7. #37
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    as we had been discussing for quite awhile. several reasons why buyers prefer new launches vs resale right? i think all those reasons are still valid.

    Quote Originally Posted by Rysk
    I thought it is a F'hold project.. till I read this page..
    OMG!! Is a 99-year LH.. moreover will be selling at $2k psf..


    Suddenly have a feeling that those currently on the resale mkt is a underpriced..

  8. #38
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    anyone can agar when launching? another thread by agent say Highline Residences. i wonder how much will Keppel price it...

  9. #39
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    It will happen in late May.

  10. #40
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    Huat ah....$2500psf for Kim Tian?

  11. #41
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    Default Quoted from propersquare

    A record high land price of $1,162.86 was set by Keppel Land in April 2013 for a Kim Tian Road residential site. The winning bid of $550.28 million dollars was (we think almost reckless) 7.2% above the next highest bidder. Made amidst the still bullish market in early 2013 just before the Government jammed the brakes using the TDSR measures in June 2013, Highline Residences is expected to launch within the second quarter of 2014 to a lukewarm property market.

    Just for a quick site price comparison, the troubled South Beach project site was won with a bid of $1,069 psf ppr in July 2007 and the more recent Clermont Residences at Tanjong Pagar Centre’s land price was $1,006 psf ppr in November 2010. These two developments are facing strong headwinds in selling their high end luxury projects, with South Beach repeatedly delaying launch until even today. Will Highline Residences face the same headwinds as these two premium ultra luxury projects, or will Keppel Land launch their units and price them according to the current market conditions after realizing their folly in paying such a high price for this Kim Tian road site?


    Wow even more expensive than clermont land. I will be very surprised if anyone buys into this development as it is akin to helping developers to pay for land costs. Even the glades at tenah merah has problem moving units, much less at this plot.

  12. #42
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    Highline Residences sales gallery officially closed, until the first-day sales that will happen next Saturday 13 Sep.
    So far 200+ cheques submitted. Dunno how much discounts will be given though...

    Sales gallery was very very packed over the last 2 weekends.

  13. #43
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    What is the indicative pricing?

  14. #44
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    Quote Originally Posted by 081828 View Post
    What is the indicative pricing?
    Below Guide PRICES are BEFORE EARLY BIRD DISCOUNT:

    1bd 506- Est $1mil to $1.2mil (1976-2371psf)

    2bd 635/667/700- Est $1.25mil to $1.6mil (1968-2285psf)

    3bd 915- Est $1.6mil to $2mil (1748-2186psf)

    3bd(deluxe) 1076/1109/1152- Est $2mil to $2.5mil (1803-2170psf)

    4bd 1292- Est $2.4mil to $2.8mil (1857-2167psf)

    3/4DK1130/1227- Est $2.5mil to $2.6mil(2212-2119psf)

    Penthouses - $5 mil

  15. #45
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    635 sq ft 2 bedroom. For dogs. And 1076 is deluxe 3 bedroom. Maybe deluxe for dogs again.

  16. #46
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    Quote Originally Posted by thomastansb View Post
    635 sq ft 2 bedroom. For dogs. And 1076 is deluxe 3 bedroom. Maybe deluxe for dogs again.
    welcome to hong kong.

  17. #47
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    Quote Originally Posted by sunboy77 View Post
    Below Guide PRICES are BEFORE EARLY BIRD DISCOUNT:

    1bd 506- Est $1mil to $1.2mil (1976-2371psf)

    2bd 635/667/700- Est $1.25mil to $1.6mil (1968-2285psf)

    3bd 915- Est $1.6mil to $2mil (1748-2186psf)

    3bd(deluxe) 1076/1109/1152- Est $2mil to $2.5mil (1803-2170psf)

    4bd 1292- Est $2.4mil to $2.8mil (1857-2167psf)

    3/4DK1130/1227- Est $2.5mil to $2.6mil(2212-2119psf)

    Penthouses - $5 mil
    So early bird discounts will be 50%?

  18. #48
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    Some nett prices to share share from today sales:
    1 br (506 sqf)
    I. #08-09 = $935K (1,848psf)
    II. #11-09 = $953K (1,883psf)

    2BR (667sqf)
    #10-14 = $1,208,000 (1,811 psf)

    3BR (915 sqf)
    #8-13 = $1,570.2K (1,716psf)
    #15-13 = $1,634.2K (1,786psf)
    #6-11 = $1,462.7K (1,598psf)
    #9-11 = $1,488K (1,626psf)

  19. #49
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    Quote Originally Posted by gadiny View Post
    Some nett prices to share share from today sales:
    1 br (506 sqf)
    I. #08-09 = $935K (1,848psf)
    II. #11-09 = $953K (1,883psf)

    2BR (667sqf)
    #10-14 = $1,208,000 (1,811 psf)

    3BR (915 sqf)
    #8-13 = $1,570.2K (1,716psf)
    #15-13 = $1,634.2K (1,786psf)
    #6-11 = $1,462.7K (1,598psf)
    #9-11 = $1,488K (1,626psf)
    the price looks very attractive.

  20. #50
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    Ya from a high level comparison, Highline pricing is
    - comparable to echelon's units of similar floor eg Echelon's 2BR (732sf) #10-10 is 1,867psf and #10-4 is 1,831psf, #10-7/14=$1,778psf
    - about 100psf higher than Alex Resi eg Alex's 2 BR #10-11 is 1,683sf and #10-2 is 1,742sf

  21. #51
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    how many sold?

  22. #52
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    What will be the likely rental yield?
    Quote Originally Posted by lionhill View Post
    the price looks very attractive.

  23. #53
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    Quote Originally Posted by bargain hunter View Post
    how many sold?
    Let the pic do the talking


  24. #54
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    SINGAPORE - Home buyers picked up about 80 per cent of the first 160 units launched at Highline Residences in Kim Tian Road over the weekend, developer Keppel Land said on Sunday.
    The average price of the units sold on Saturday and Sunday was $1,900 per sq ft (psf), in line with property watchers' expectations.
    Keppel Land had previously given an indicative price of $2,000 psf for homes in the 500-unit condominium, located within walking distance of Tiong Bahru MRT Station and the Tiong Bahru Plaza mall. But this was before taking into account a "special preview discount" that was not disclosed.

  25. #55
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    glad u provided us with the disclosed discounted prices.

    http://www.straitstimes.com/news/bus...sidences-20140

    Quote Originally Posted by gadiny View Post
    SINGAPORE - Home buyers picked up about 80 per cent of the first 160 units launched at Highline Residences in Kim Tian Road over the weekend, developer Keppel Land said on Sunday.
    The average price of the units sold on Saturday and Sunday was $1,900 per sq ft (psf), in line with property watchers' expectations.
    Keppel Land had previously given an indicative price of $2,000 psf for homes in the 500-unit condominium, located within walking distance of Tiong Bahru MRT Station and the Tiong Bahru Plaza mall. But this was before taking into account a "special preview discount" that was not disclosed.

  26. #56
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    Quote Originally Posted by bargain hunter View Post
    glad u provided us with the disclosed discounted prices.

    http://www.straitstimes.com/news/bus...sidences-20140
    Wow all the Twin Regency owners can laugh to the bank now.

  27. #57
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    i think the psf of new launches have very limited impact on the neighbouring existing developments, especially when we are not in comparing the same sizes. 2 bedroom comparison: 6xx sq ft vs 9xx sq ft. 3 bd 9xx sq ft vs 12xx to 14xx sq ft. 4 bd 1292 sq ft vs 1776 sq ft.


    Quote Originally Posted by Maxim1 View Post
    Wow all the Twin Regency owners can laugh to the bank now.

  28. #58
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    Quote Originally Posted by bargain hunter View Post
    i think the psf of new launches have very limited impact on the neighbouring existing developments, especially when we are not in comparing the same sizes. 2 bedroom comparison: 6xx sq ft vs 9xx sq ft. 3 bd 9xx sq ft vs 12xx to 14xx sq ft. 4 bd 1292 sq ft vs 1776 sq ft.
    Heh the never ending debate between psf vs. quantum. I still think psf matters more than quantum in the long run for capital appreciation - especially for properties <3m. I wonder how much capital appreciation can someone who pays 1900psf for leasehold tiong bahru expect? But 100+ buyers don't agree with me, so maybe I am wrong!

  29. #59
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    Quote Originally Posted by Maxim1 View Post
    Heh the never ending debate between psf vs. quantum. I still think psf matters more than quantum in the long run for capital appreciation - especially for properties <3m. I wonder how much capital appreciation can someone who pays 1900psf for leasehold tiong bahru expect? But 100+ buyers don't agree with me, so maybe I am wrong!
    tis is bullish news for property market , especially after TDSR, ...as long as the location is right, there will be people seeing value in it! I believe TDSR will create alot of ammunition for some in 2 to 3 years time, and property is still the way for investment , unless stock market is attractive!

  30. #60
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    i agree with you with regards to the importance of psf in the long run. but rather than say twin regency owners laugh all the way to the bank, what u said below may be more fair.

    anyway 1900psf is before discount, but we can safely say standard units average > 1700psf for this new project.


    Quote Originally Posted by Maxim1 View Post
    Heh the never ending debate between psf vs. quantum. I still think psf matters more than quantum in the long run for capital appreciation - especially for properties <3m. I wonder how much capital appreciation can someone who pays 1900psf for leasehold tiong bahru expect? But 100+ buyers don't agree with me, so maybe I am wrong!

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