Page 3 of 23 FirstFirst 12345678910111213 ... LastLast
Results 21 to 30 of 226

Thread: Faber Walk Site

  1. #21

    Default

    Quote Originally Posted by Pro888
    IOI $554 psf
    World Class $687 psf
    Why IOI launch trilinq at 1000psf more??!!

    Isint that super markup?? Saw caveat 2 and 3 bedder are 1450-1550 psf

  2. #22

    Default

    Quote Originally Posted by Ringo33
    IOI bought that site at 554psf ppr.. For this new site, their breakeven will be 1050psf? selling at >1300psf??
    Faber walk site low rise condo = cheaper construction cost ?

    How true?

  3. #23

    Default

    Quote Originally Posted by taeyeon
    Faber walk site low rise condo = cheaper construction cost ?

    How true?
    The bulk of the cost is in the basement carpark. as long as there is a underground carpark, the cost should be about the same.

    For this site, construction time will be shorter, so from cash flow point of view, it will be better for developer
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  4. #24

    Default

    Quote Originally Posted by Ringo33
    The bulk of the cost is in the basement carpark. as long as there is a underground carpark, the cost should be about the same.

    For this site, construction time will be shorter, so from cash flow point of view, it will be better for developer
    Oh but I thought build 5 storey high is cheaper than building 30 stores high like trilinq??

  5. #25

    Default

    Quote Originally Posted by taeyeon
    Oh but I thought build 5 storey high is cheaper than building 30 stores high like trilinq??
    material cost is the same. what is different is that developer will be able to TOP the project faster, hence receiving full payment earlier. But then again, it also depend on how the developers is going develop the project.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  6. #26

    Default

    Quote Originally Posted by taeyeon
    Nan hua 1km and 6.9mio white paper
    I know the reason now why it's so hot. It's next to the MRT interchange between EW and CIL cross island line. Assuming a new station is created between Clementi and Jurong East. Go check out master plan and onemap and compare against the CIL blueprint. I estimate 270-450m walk to the station. Huat ah!

  7. #27

    Default

    1300psf?? Huat ah.

    IN the most hotly contested government land sales since November last year, a 99-year leasehold residential site at Faber Walk drew 18 bids at the close of its tender yesterday.

    Aspial Corp's World Class Land put in the top bid of $156.7 million, or $687.42 per square foot per plot ratio (psf ppr) for the site, which measures about 162,808 sq ft.

    This was followed closely by Keng Hoe Development's bid of $155.0 million, or $680.01 psf ppr, and Greatview Development - controlled by Yu Zhisong - which put in a bid of $153.8 million, or $674.71 psf ppr.

    That the price difference between the top bid and second and third highest bidders is a mere 1.1 per cent and 1.8 per cent, respectively, reflects the confidence and appetite of developers, say consultants.

    Another factor is its fairly exclusive location, said Ong Teck Hui, national director, research and consultancy, at Jones Lang LaSalle. In addition, the five-storey height limit respects the urban design of the area so that the development will blend in with the surroundings.

    "These attributes will be strong selling points for the project and should attract ready buyers," said Mr Ong.

    "The close bidding among the top bidders shows roughly similar assessments on demand and pricing of the units which are likely to be above $1,200 psf on average," he added.

    The fact that there is a limited supply of vacant land parcels within the area for development in the future could be another reason for the slim price gap between the top and second-highest bid, said SLP International's head of research, Nicholas Mak.

    It is the smallest gap in a residential GLS tender since the tender for a condominium site at Pheng Geck Avenue which closed last June. In the latter's case, the price gap between the first and second bids was 0.9 per cent.

    "The developer of this condominium site may be projecting a 10-20 per cent price increase in this location and plans to launch this project at $1,300 to $1,400 psf," said Mr Mak.

    CBRE Research's associate director, Desmond Sim, noted that the increased working population from Jurong Gateway and International Business Park could lead to future leasing demand.

    He expects a breakeven price of about $1,100 to $1,200 psf, which translates to a possible launch price from $1,350 psf.

    In addition to working professionals, a new project on the subject site can draw on a potential upgrader pool of about 11,600 households who are currently staying in five-room and executive HDB flats in Clementi and Jurong East, according to the Population Census 2010. This was pointed out by Chia Siew Chuin, director of research and advisory at Colliers International.

    "The estimated breakeven cost could range from $1,050 to $1,150 psf. When units at this project are ready for launch, the selling price could start from $1,300 psf," said Ms Chia.

    The land tender also drew bids from several big players including a joint bid by Hoi Hup Realty, Sunway Developments and Hoi Hup JV Development ($610.92 psf ppr); Far East Organisation and Sekisui House ($547.42 psf ppr); and FCL Place ($580.11 psf ppr).

    Vantage Properties put in the lowest bid, at $110.8 million, or $486.1 psf ppr.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  8. #28

    Default

    Quote Originally Posted by Ringo33
    1300psf?? Huat ah.
    any idea why trilinq land cost is 550+ psf yet sell for 1500psf?

    and faber walk land cost is 680+ psf and ppl say will sell for 1300 psf?

  9. #29

    Default

    Quote Originally Posted by Kanarazu
    I know the reason now why it's so hot. It's next to the MRT interchange between EW and CIL cross island line. Assuming a new station is created between Clementi and Jurong East. Go check out master plan and onemap and compare against the CIL blueprint. I estimate 270-450m walk to the station. Huat ah!
    mrt in such a private estate? i think more likely the station is nearer to pandan gardens?

  10. #30

    Default

    Quote Originally Posted by taeyeon
    any idea why trilinq land cost is 550+ psf yet sell for 1500psf?

    and faber walk land cost is 680+ psf and ppl say will sell for 1300 psf?

    We are not sure how much world class will sell yet.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

Posting Permissions