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Thread: New Futura (D9, Freehold, CDL)

  1. #1

    Default New Futura by City Developments Ltd at 14 Leonie Hill

    New Futura is a brand new luxurious Freehold development by City Developments Ltd. It had just obtained its TOP status and is located at 14 Leonie Hill, Singapore 239193, in the heart of prime location District 9.

    This project is anticipated to launch in Dec 2017 or Jan 2018. It is sited on a land size of approximately 87,034 sqft comprising of 2 towers each of 36-storey high. Unit type starts from 2 bedroom, 3bedroom, 4 bedroom and the super luxurious 5 bedroom penthouse with private pool, which is expected to attract many interest from HNWI both from local and overseas buyers.

    One of the unique selling point of New Futura is that all the 124 units are equipped with private lift, and extremely generous unit size in today’s standard, ranging from 1098 sqft to 7825 sqft for the super penthouse.

    In term of facilities, this new launch offer full condominium facilities including tennis court and the warm concierge service greeting you at the clubhouse.

    Pricing wise, New Futura price should range between $2700psf to $3200psf (subject to confirmation).

    Actual show suite viewing at New Futura Showflat should be available in Dec 17 or Jan 18, depending on market sentiment during this festive period.
    Attached Images Attached Images

  2. #2

    Default New Futura by CDL Freehold condo ready to move in

    银峰 NEW FUTURA BY CDL

    New Futura, a freehold condominium, is located at prime District 9, along Leonie Hill Road. Developed by City Development Limited, the two 36-storeys towers comprise of 124 residential units. New Futura offers a clear and unblocked lustrous view of the city skyline, which includes the majestic Marina Bay Sands and the iconic Singapore Flyer.

    You can enjoy an urban lifestyle with top-notched facilities such as luxurious swimming pools, sky gardens, elevated decks, sky bridges, and a wide aluminium canopy all inside New Futura.

    Nearby amenities include Orchard Shopping Belt comprising of shopping centres like; ION Orchard, Wisma Atria, Ngee Ann City, Wheelock Place, Scotts Square, etc. as well as exclusive clubs like; The American Club and The Pines Club. Other nearby green spaces include Hong Lim Park, Tanglin Golf Course and Fort Canning Park.

    Estimated unit types and sizes:

    2 Bedroom 1,098sqft - 1,367sqft

    3 Bedroom 1,830sqft

    4 Bedroom 2,250sqft - 2,691sqft

    5 Bedroom Penthouse 7,836sqft




  3. #3

    Default

    looks 2700 psf kind of nice, but def not 3500 psf nice

  4. #4

    Default New Futura (D9, Freehold, CDL)

    18 New Futura units sold at $3,200 psf at launch

    PUBLISHED 8 HOURS AGO



    City Developments (CDL) moved 18 units of its high-end condominium project New Futura at an average selling price of $3,200 per sq ft (psf) on the first day of its launch last Thursday.

    Market watchers deemed this a decent showing, given that most of the units sold were the four-bedroom and three-bedroom units.

    The project has an army of five marketing agencies - PropNex Realty, ERA Realty, Huttons, OrangeTee & Tie and Savills.

    CDL said only 25 units were released during the private viewing on Jan 18.

    A third of the buyers were Singaporeans, while two-thirds were Singapore permanent residents and foreigners.

    "We are very encouraged by the positive response to New Futura. It is a highly anticipated brand-new luxury project with just 124 exclusive units on a site area of 87,000 sq ft," its spokesman said.

    The freehold project in Leonie Hill Road is a 10-minute walk from Orchard Road and is designed by internationally renowned architectural firm Skidmore, Owings & Merrill.

    The units released for sale are in the South Tower, with prices starting from $3.8 million for a two-bedroom unit of 1,098 sq ft; $5.5 million for a three-bedroom unit of 1,830 sq ft; and $6.9 million for a four-bedroom unit of 2,250 sq ft, according to agents.

    The site was acquired by CDL in 2006 for $287.3 million in a collective sale, which worked out to be $1,179 per sq ft per plot ratio.

    The project received time extensions for building completion and received its temporary occupation permit last August.

    JPMorgan property analyst Brandon Lee estimated that a pre-tax profit margin of 35 per cent can be chalked up, based on an average selling price of $3,100 psf.

    Nearby project Gramercy Park was sold recently at $2,800 to $3,000 psf and OUE Twin Peaks, also nearby, at $2,700 to $ 2,800 psf.

    Mr Lee reckoned that upcoming projects in the vicinity, such as 8 Saint Thomas, Paterson Collection and One Tree Hill, may be launched earlier than their initially targeted dates to capture the positive buying momentum.

    Ongoing projects being sold en bloc may also draw more interest from developers.

    In the prime core central region (CCR), there could be up to nine sites offering close to 1,400 units in the first half of the year, said luxury residential brokerage List Sotheby's International Realty, Singapore.

    Most consultants are expecting high-end projects to perform well this year. Mr Lee Nai Jia, who heads research at Edmund Tie & Company, said he expects that the number of foreign purchases will continue to grow.

    "Firstly, the Singapore residential market is starting to recover compared with other international residential markets, which are peaking or have peaked. Secondly, the prices of Singapore luxury residential properties compared with other gateway cities such as Hong Kong are lower," he added.

    Based on his analysis of caveats lodged, purchases by foreigners (non-Singaporeans and non-permanent residents) formed about 14 per cent of non-landed homes sold in the CCR last year.

    This is slightly below the proportion in 2016. But in absolute numbers, purchases by foreigners grew from 389 units in 2016 to 567 units in 2017.

    According to List Sotheby's, the number of luxury apartments (above $5 million) bought by foreigners and permanent residents in Singapore's CCR last year more than doubled to 202 units.

    Mr Leong Boon Hoe, chief operating officer of List Sotheby's International Realty, Singapore, said: "As the Singapore economy recovers and stabilises, we expect the property market to continue to grow at a steady rate, and in particular, for the luxury property sector to lead the market."

  5. #5
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    there would be BIG problem to clear the rest... let's wait and see

  6. #6
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    Quote Originally Posted by Laguna View Post
    there would be BIG problem to clear the rest... let's wait and see
    That’s what you said about the enblocs being hard to succeed as well.

    That being said, the quantum is indeed higher on this one. If it sells well, the whole market will be frenzy mode.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  7. #7
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    Whole market? Don't think so. That is only in CCR D9 Orchard area - because CCR is now very cheap after crashing >30% from 2013 peak!
    Has OCR crash >30% from 2013 peak? No right!

    Quote Originally Posted by Kelonguni View Post
    Thatís what you said about the enblocs being hard to succeed as well.

    That being said, the quantum is indeed higher on this one. If it sells well, the whole market will be frenzy mode.

  8. #8
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    Crash 30% still have 3000 PSF meh?

    Quote Originally Posted by teddybear View Post
    Whole market? Don't think so. That is only in CCR D9 Orchard area - because CCR is now very cheap after crashing >30% from 2013 peak!
    Has OCR crash >30% from 2013 peak? No right!
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  9. #9

    Default New Futura

    New Futura is a new freehold condominium by City Development Ltd at Leonie Hill. It is located near to Orchard Road with reasonable asking prices for a luxurious property.

    Visit the New Futura showflat to learn more about this project by CDL.

  10. #10
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    I am referring to resale properties.
    The Marq@Paterson nearby has crashed >40%! Last transaction is about $3800 psf?

    Quote Originally Posted by Kelonguni View Post
    Crash 30% still have 3000 PSF meh?

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