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Thread: Lakeville (D22, 99 years LH, MCL Land)

  1. #151
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    Quote Originally Posted by taggy View Post
    how come nowadays condosg lose out to carforum huh ?

    carforum post photo liao, here still no sound no pic.

    http://www.mycarforum.com/uploads/mo...1396578420.jpg
    Might be an evidence that forummers here are just talking, real buyers have no time to kpkb here.

  2. #152
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    Quote Originally Posted by economist View Post
    Might be an evidence that forummers here are just talking, real buyers have no time to kpkb here.
    With the kind of hostility towards property agents in this forum, I think agent also dont want to post too much.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  3. #153
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    sales must be damn good, no update from agents?
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  4. #154
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    Default bo pian, agents and buyers forsake condosg. we have to rely on main stream media :D

    bo pian, agents and buyers forsake condosg. we have to rely on main stream media

    http://www.straitstimes.com/premium/...ected-20140405

    http://www.straitstimes.com/sites/st...2_4087072e.jpg


    Jurong condo sales better than expected
    180 Lakeville units sold; project in Commonwealth also unveiled

    By Rennie Whang

    BUYERS flocked to get a piece of the action at a new Jurong condominium while an upcoming project in Commonwealth Avenue was unveiled on a busy day for property yesterday.

    Much of the buzz was at the preview of MCL Land's Lakeville condominium in Jurong West Street 41, but Hong Leong Holdings grabbed some of the spotlight as well with its announcement.

    The balloting tent for the 695-unit Lakeville, which comprises six 16-storey blocks, was filled with more than 150 buyers and 50 agents yesterday.

    MCL Land chief executive Koh Teck Chuan said the firm had initially released 150 units but released a further 50 as sales were better than expected.

    In all, 180 units were sold at $1,300 per sq ft (psf), with most of the buyers Singaporean. About two-thirds of the units sold were one- and two-bedders.

    Prices range from $736,000 for a 560 sq ft one-bedder, to $2.67 million for a 2,271 sq ft four-bedroom penthouse.

    Mr Koh noted that 400 cheques were balloted yesterday, adding: "Considering the market, we are very happy with the turnout."

    The last condominium launch in the area was J Gateway last July, also developed by MCL Land. Most of its 738 units sold in one day at an average of $1,480 psf.

    The low number of residential projects in the area compared with Sengkang and Punggol has led to much pent-up demand, said Mr Donald Han, managing director of Chesterton Singapore.

    He added that Lakeville's $1,300 psf price tag reflected weak market sentiment.

    The Urban Redevelopment Authority said on Tuesday that private home prices dipped 1.3 per cent in the first quarter from the fourth quarter last year.

    "It could be launched at more than $1,300 per sq ft. But because of general market sentiment, developers would rather play safe and launch at a lower price," said Mr Han.

    He noted that MCL Land seems to have "cornered the market fairly well, they understand the market in the area... We should see a good first phase launch."

    Century 21 chief executive Ku Swee Yong said that Jurong is "definitely up and coming". "With two new hospitals and hospital-related jobs paying better than average salaries, as well as new office buildings, the level of wealth within Jurong should go up."

    He added that having the Canadian International School next door would mean expatriate families could be keen to rent at Lakeville, which should be completed in mid-2017.

    -------

    Meanwhile, Hong Leong Holdings unveiled Commonwealth Towers, a 99-year leasehold condo in Commonwealth Avenue.

    It is undertaking the development, which will be launched in May, with City Developments (CDL) and Hong Realty.

    The condominium, comprising two blocks of 43 storeys each, will be linked to Queenstown MRT station by an overhead pedestrian linkway. It will have 845 units, mostly one- and two-bedders, with sizes starting at 441 sq ft. Show suites will be open for public preview from April 13 to 27, with building work expected to be completed in December 2017.

    The Commonwealth Avenue area has seen a few launches over the past two years, most recently Alex Residences at Alexandra Road, which sold 150 out of 429 units at an average of $1,650 psf on its first day of sales in November.

    Echelon in Alexandra View, also developed by CDL, sold 390 of 508 units at an average of $1,700 psf in its first weekend of sales in January last year. It is now 99 per cent sold, with just three penthouses left.

    Mr Edwin Wee, head of sales at SLP International, said Commonwealth Towers should do well given Hong Leong Group bought the land at a low $880 psf.

    "When developers buy cheaply, they can sell cheaply. With competitive prices for the area at about $1,500 per sq ft, Hong Leong may price at $1,300 or $1,400 per sq ft and still move units."

    Additional reporting by Ivan Teo

    so, 180 Lakeville units sold at 1300psf...
    Then, Mr Edwin Wee say Hong Leong may price Commonwealth Towers at 1300 to 1400 psf because land was bought cheaply...

    so if Commonwealth Towers at 1300-1400psf, it become a bargain?

  5. #155
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    BT report 180 units out of 200units released sold on first day at average price of $1300psf. Not bad for first day.

    Then again, I thought some trolls in this forum were saying that J Gateway sold out success was due to agent's gimmick or something? Arent they using the same agent to market this one???


    Like I said before, BEWARE of the trolls!!
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  6. #156
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    Lucky MCL, I have to say.

  7. #157
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    Great turn out..


    MCL Land's Lakeville project at Lakeside managed to move 180 units yesterday at an average price of $1,300 psf on its first day of launch, after some 400 cheques were balloted.

    "This was slightly better than we had expected," said MCL chief executive Koh Teck Chuan. The group had initially planned to release 150 units on the first day, before releasing another 50 units.

    Most of the units sold at Lakeville were one to two-bedroom apartments, Mr Koh told The Business Times. Close to 90 per cent of the buyers are Singaporeans and most are HDB upgraders.

    This project sits on a 240,654 sq ft plot with a 99-year lease, which was snapped up by MCL in January last year for $439 million, or $651 psf per plot ratio (psf ppr). It is expected to benefit from the remaking of the Jurong Lake District into a regional centre, under URA's master plan 2008.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  8. #158
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    Quote Originally Posted by Ringo33 View Post
    Great turn out..
    So you going to smell their FART ?

    HAA HA

  9. #159
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    Quote Originally Posted by Crusader View Post
    So you going to smell their FART ?

    HAA HA
    If I am moderator, I will instantly banned jerks like you in this forum.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  10. #160
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    Good sales.... Less than 30% sold... Let see how many they can sell by this week... But it is 100% better then the other launch in Tampines

  11. #161
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    Quote Originally Posted by RCT View Post
    Good sales.... Less than 30% sold... Let see how many they can sell by this week... But it is 100% better then the other launch in Tampines
    Yes, it is a bit amazing, considering nearby lakeshore is sold at around S$1100. Maybe, it is because the quantum of lakeville is smaller than that of lakeshore?

    anyway, the location of lakevile is better than the Tampines one and ru lang primary school is a support to it.

  12. #162
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    Speculation on HSR station at Jurong East should help sell this project.

    JLD huat ah.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  13. #163
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    Quote Originally Posted by Ringo33 View Post
    Speculation on HSR station at Jurong East should help sell this project.

    JLD huat ah.
    somebody stop him
    Affordable means small

  14. #164
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    Quote Originally Posted by yjcai View Post
    somebody stop him
    If you have something to add please feel free to post or else please stop harassing me.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  15. #165
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    Quote Originally Posted by yjcai View Post
    somebody stop him
    Let it go...let it go...!
    Last edited by CondoWE; 07-04-14 at 23:07.
    "Anyone who has not made a mistake has never tried anything new"

  16. #166
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    Quote Originally Posted by CondoWE View Post
    Let it go...let it go...!

    Troll never bother me anyway...
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  17. #167
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    newspaper say phase 1 all sold out. hows phase 2 sale?
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  18. #168
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    Quote Originally Posted by Ringo33 View Post
    newspaper say phase 1 all sold out. hows phase 2 sale?
    Now smart.. Still have phase 1 phase 2.... Haha

  19. #169
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    any one find the quality of the showroom poor?
    some of the cabinets showing signs of wear and tear.


    the furnishing look cheap also....

  20. #170
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    Progress was fast...Few piling CRANEs were up....

  21. #171
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    URA website only shows 90 transactions for Lakeville to date. Can someone advise if every transaction will be recorded and shown on URA website - since the press has said Lakeville has sold 180+++ units already to date?

  22. #172
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    Quote Originally Posted by Jem View Post
    URA website only shows 90 transactions for Lakeville to date. Can someone advise if every transaction will be recorded and shown on URA website - since the press has said Lakeville has sold 180+++ units already to date?
    Usually there is a delay for update.

    Demand for condos will remain healthy in and around JLD as manufacturing picks up. Tuas and Jurong Island are still expanding. These high-tech plants will need foreign talents. JLD will also have more companies setting up that will hire foreign talents for a portion of their workforce.

  23. #173
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    Quote Originally Posted by hyenergix View Post
    Usually there is a delay for update.

    Demand for condos will remain healthy in and around JLD as manufacturing picks up. Tuas and Jurong Island are still expanding. These high-tech plants will need foreign talents. JLD will also have more companies setting up that will hire foreign talents for a portion of their workforce.
    This should also help boost rental market in the west.

    http://www.dulwich-singapore.sg/page.cfm?p=427
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

  24. #174
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    Thanks for advice. Helping my bro to do some research

  25. #175
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    Quote Originally Posted by Ringo33 View Post
    Jurong West St 41 (Parcel B) plot has changed from reserved to confirm site in H2 GLS. MND must be very bullish about the property demand in JLD. Perhaps a decision on the High Speed Rail will be announced before the closing of the tender in beginning 2015.

    BEWARE!!

    http://www.ura.gov.sg/uol/media-room.../pr14-34a.aspx
    LOL Lakeville owners will repent.

  26. #176
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    Quote Originally Posted by pmet View Post
    LOL Lakeville owners will repent.
    I think e site will be hotly contested. Prices may not be cheaper. Economy is on e upturn.

  27. #177
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    Quote Originally Posted by hyenergix View Post
    I think e site will be hotly contested. Prices may not be cheaper. Economy is on e upturn.
    MCL will have to defend hard with some aggressive bidding else Lakeville's PSF will be at mercy from competitor...
    Daft, Dafter, Dafterest!!!!

  28. #178
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    How's sales so far after PM Lee speech on the transformation?

  29. #179
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    talk is easy ... need $$$ to buy ...

    Quote Originally Posted by callenaw View Post
    How's sales so far after PM Lee speech on the transformation?

  30. #180
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    ringgo see what you have done to the west
    http://www.propertyguru.com.sg/singa...akeville-21883
    4/5 negative reviews even before TOP

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