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Thread: Seaside Residences at Siglap Road by FCL

  1. #31

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    Got the same feeling when I buy in 2006, a week later I ask for a Toyota Wish (60K with COE) when the agent ask me whether I intend to sell.



  2. #32

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    392 units sold at new Seaside Residences condo

    APR 24, 2017

    Wong Siew Ying


    In a fresh sign of the gradually recovering market, Frasers Centrepoint Singapore's latest condominium project, Seaside Residences in Siglap, moved a hefty 392 units - 70 per cent of the 560 units released - in its first weekend of sales .

    The sales represented about 46.5 per cent of the 843 units at the project, which has sea views and is near the upcoming Siglap MRT station.

    "The strong sales in this launch phase indicate that buyers value the rare and premium location of Seaside Residences," said Mr Christopher Tang, chief executive of Frasers Centrepoint Singapore.

    The Straits Times understands the average sale price achieved was about $1,700 per sq ft. The 99-year leasehold project has one- to five-bedroom units, with sizes from 420 sq ft to 3,294 sq ft.

    It is the fourth private condo project launched this year. All have booked fairly healthy sales, albeit many of the units sold were smaller one and two-bedders.

    Savills Singapore research head Alan Cheong said: "This is another sign the market is recovering. I think demand will likely be sustained but it doesn't mean developers can be too adventurous... Buyers are still price sensitive."

    The other three projects are: The Clement Canopy in Clementi, Grandeur Park Residences in Tanah Merah and Park Place Residences At PLQ in Paya Lebar.

    Seaside Residences and upcoming Tang Skyline's 400-unit mixed use development Artra in Redhill, due to open for booking this weekend, are set to keep new home sales momentum going this month.

    Last month, developers sold 1,780 new units, excluding executive condos, up about 82 per cent from the 979 in February - the highest monthly sales since June 2013. As at March 31, The Clement Canopy had sold about 53 per cent of units, Grandeur Park Residences about 67 per cent, and Park Place Residences At PLQ nearly 51 per cent.

    "Despite the brisk sales, I don't think we are at the bottom of the market yet because resale prices continue to be weak and employment outlook remains uncertain," said International Property Advisor chief executive Ku Swee Yong.



  3. #33

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    Frasers sells almost 400 units of Seaside Residences (Amended)

    Average price fetched at weekend launch is understood to be S$1,700 per square foot

    April 24, 2017

    LYNETTE KHOO


    KEEN buying demand was seen in the latest condominium launch, with Frasers Centrepoint Limited (FCL) moving close to 400 units at the 843-unit Seaside Residences' weekend launch, at an average price that BT understands to be S$1,700 per square foot (psf).

    Frasers Centrepoint Singapore said that some 70 per cent of the 560 released units were sold. About 60 per cent of the buyers live in the east, and 30 per cent within District 15.

    The strong showing at Seaside Residences came on the back of an expected pent-up demand given the site's location and palatable price quantums for the smaller units, and came on the heels of similarly warm reception in earlier launches this year.

    SLP International executive director Nicholas Mak noted that it is rather uncommon these days for a large new condominium to sell close to half of the project within the first month of launch, "especially at a new benchmark pricing for a 99-year leasehold condominium in that vicinity".

    But given that the rental market remains soft with landlords renewing their leases at lower rents or taking a longer time to find tenants, it would seem that people are buying into future prospects, Mr Mak added.

    Frasers Centrepoint Singapore noted that some 60 per cent of the buyers at Seaside Residences are 30 to 50 years old, who see the location as a good investment that offers a seaside lifestyle and convenience of the upcoming MRT.

    Frasers Centrepoint Singapore CEO Christopher Tang felt that the strong sales results at Seaside Residences show that buyers value the location, design and building quality of the developer.

    "We are encouraged by the response and look forward to completing the seafront project, which will add to the vibrant, green and well-connected Siglap precinct," he said.

    The project, jointly developed with Sekisui House and Keong Hong, sits on a rare sea-fronting site along the East Coast and is near the upcoming Siglap MRT station. It is the first new project built along the East Coast Parkway (ECP) in 15 years, with unblocked sea views when ready in 2021.

    Going by recent data, buying sentiment has probably turned around in the primary market, with developers moving 1,780 new private homes last month - the strongest showing since June 2013 when the total debt servicing ratio (TDSR) framework was rolled out. The preliminary Q1 2017 figure for new private home sales, at 3,141 - up from 2,316 units in Q4 2016 and 1,419 units in Q1 2016 - is also the highest since Q2 2013.

    Another project that will be launched this coming weekend is ARTRA, a 400-unit development nestled in the Alexandra and Redhill locale with direct access to Redhill MRT station. The average pricing for the units is S$1,600-S$1,700 psf.

    Jointly developed by Far East Consortium and New World Development, ARTRA is targeted at owner-occupiers. Its smallest unit starts from two-bedroom plus study of 786 sq ft costing less than S$1.2 million.

    The other unit types are the three bedders, three-room plus study and five-bedroom units.

    The project also comes with a supermarket and 16 retail units. FEC Skyline, the 70-30 joint venture between Far East Consortium and New World, plans to retain the retail component for now to curate the tenant mix.

    Amendment note: The original story mis-spelt the name of Keong Hong. The story has been amended to reflect the correct spelling.



  4. #34

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    434 caveats lodged



  5. #35

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    438 caveats. only 4 more sold for this one.



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