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Thread: Lincoln Suites (D11, Freehold, Koh Brothers / Heeton / KSH / Lian Beng)

  1. #121
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    Bid to stop re-routing of road rejected

    A SPAT between two developers about the re-routing of an access road has gone all the way to the Court of Appeal.
    Both Pacific Rover and Yickvi Realty have condominium projects on adjoining parcels of land off Newton Road. But Yickvi had a right-of-way access road to its new 11-storey property that cut through Pacific Rover’s land.
    Pacific Rover, which had received planning permission to build two 30-storey residential units, wanted to optimise land usage and shift part of the access road nearer to the property’s boundary. Its condominium, called Trilight, is due to be completed in April 2011.
    Yickvi initially agreed to the request, provided the subterranean electric cables, pipes and other service installations beneath the road were shifted in line with the newly adjusted road.
    But talks broke down last year and the case went to the High Court, which ruled Yickvi could not object to the road shift as it would not cause a major inconvenience to the occupants of its building.
    Yickvi, through lawyers from Rajah & Tann, appealed to the highest court, which agreed with the earlier ruling but ordered Pacific Rover to make sure Yickvi had immediate access, whenever reasonably required, to maintain and repair the cables running under the original route.
    The Court of Appeal made clear the inconvenience caused by the realignment of the access road was not the real issue.
    Chief Justice Chan Sek Keong, in delivering the grounds on the court’s behalf, said: ‘First, because of the scarcity of land in Singapore, land should be allowed to be developed to its optimal potential as permitted by planning law and the claimant suffers no injury or inconvenience as a result.’
    He added that allowing the road shift would prevent further suits taking place and this was a second public benefit.
    Lawyers from Rodyk & Davidson, acting for Pacific Rovers, said the judgment was a landmark move as past cases showed a right-of-way cannot be changed without the consent of the party who held that right.
    Lawyer Ling Tien Wah said the court showed in this case that, in certain circumstances, the change could go ahead.
    ‘The court held the owner of the right could not stop the other party from realigning the right-of-way, provided it was advantageous to both parties,’ he said.
    DEVELOP LAND OPTIMALLY

    ‘Because of the scarcity of land in Singapore, land should be allowed to be developed to its optimal potential as permitted by planning law and the claimant suffers no injury or inconvenience as a result.’ -Chief Justice Chan Sek Keong
    Source : Straits Times – 29 Sep 2009






    Quote Originally Posted by andy
    Saw trilight. The 2300sqft showunit feels very small. Don't know if it is the baywindows or large planters or the layout. Pricing starts about $1650 for the 2bedder. Not really that impressed with the quality.

    Also note that they shared a common driveway with the small 10floor builing next door

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    Lincoln Suites has studios and fancy facilities
    Lincoln Suites a Freehold project in District 11 not only has a modest number of studios, it also has a long list of fancy facilities to tempt buyers.

    The project is located along Khiang Guan Avenue, just beside United Square in Novena. Novena MRT and Novena Square is about a 350m walk away. Orchard is just down the road, about a 5 minute drive away.



    The project layout superimposed on a satellite image (for rough illustration purpose only).

    While all details are still sketchy (and are subject to change), we understand that Interest Absorption Scheme (IAS) and the standard progressive payment scheme will be available. Previews should be starting on the 22nd of October.

    Project Details:

    Lease: Freehold
    Site Area: 59,986 sqft
    Address: Khiang Guan Avenue (to be confirmed)
    Developer: Koh Brothers
    Estimated TOP: 2014
    Floors: 30
    Units: 175 total
    Studio (44) 1BR (22)
    2BR (42) 2BR+Study (24)
    3BR (14) 3BR+Study (4)
    4BR (14) 4BR+Study (4)
    3BR Duplex (2) 4BR Duplex (2)
    Penthouse (3)
    Typical Sizes:
    Studio (460 - 478 sqft)
    1BR (534 - 537 sqft)
    2BR (1039 - 1091 sqft)
    2BR+Study (1102 - 1136 sqft)
    3BR (1590 sqft)
    3BR+Study (1650 sqft)
    4BR (1830 sqft)
    4BR+Study (1902 sqft)
    3BR Duplex (2626 sqft)
    4BR Duplex (3035 sqft)
    Penthouse (3703, 4855, 5490 sqft)

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    Does anyone find the huge planters and bay windows very irritating? They're everywhere! Really complete with bay windows in kitchen and planters in toilet. some planters even appear to be beside walls. I wonder how to access these planters, even if only to put potted plants.

    Even the smallest 463 sq ft studio has that big planter beside the wall and another small planter outside the bath and another planter outside the balcony.

    The more I look at it, the more angry i get at this kind of developer.

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    Quote Originally Posted by bargain hunter
    Does anyone find the huge planters and bay windows very irritating? They're everywhere! Really complete with bay windows in kitchen and planters in toilet. some planters even appear to be beside walls. I wonder how to access these planters, even if only to put potted plants.

    Even the smallest 463 sq ft studio has that big planter beside the wall and another small planter outside the bath and another planter outside the balcony.

    The more I look at it, the more angry i get at this kind of developer.
    I think the planters area are here to stay for a while. Even trilight has lots of it.

    However the feng shui experts may not like that one of the towers faces directly a very sharp edge angle wall of United Square

    Any idea when the showflat will be ready. They have been advertising for months?

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    Quote Originally Posted by bargain hunter
    Does anyone find the huge planters and bay windows very irritating? They're everywhere! Really complete with bay windows in kitchen and planters in toilet. some planters even appear to be beside walls. I wonder how to access these planters, even if only to put potted plants.

    Even the smallest 463 sq ft studio has that big planter beside the wall and another small planter outside the bath and another planter outside the balcony.

    The more I look at it, the more angry i get at this kind of developer.
    Can plant money plant?

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    Quote Originally Posted by andy
    I think the planters area are here to stay for a while. Even trilight has lots of it.

    However the feng shui experts may not like that one of the towers faces directly a very sharp edge angle wall of United Square

    Any idea when the showflat will be ready. They have been advertising for months?
    Hmm, you are right, didn't notice it.

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    i agree with the fengshui.

    showflat is ready. preview on 22nd oct, this thurs. do go down and update on sales response if you are free. Don't think I have time to go down.

    i think this one has overly exaggerated its bay windows and planters. please, who puts a big bay window in the kitchen?! what use is that?


    Quote Originally Posted by andy
    I think the planters area are here to stay for a while. Even trilight has lots of it.

    However the feng shui experts may not like that one of the towers faces directly a very sharp edge angle wall of United Square

    Any idea when the showflat will be ready. They have been advertising for months?

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    some of the planters look like:

    1) enter bath area/bath tub.
    2) climb over window to get to air-con ledge.
    3) from air-con ledge access planter.

    But can't be, that's too dangerous. So the planter behind the wall is useless?! Hopefully someone who visits the showflat can shed some light on how this is so.

    Quote Originally Posted by echotrain
    Can plant money plant?

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    Quote Originally Posted by bargain hunter
    some of the planters look like:

    1) enter bath area/bath tub.
    2) climb over window to get to air-con ledge.
    3) from air-con ledge access planter.

    But can't be, that's too dangerous. So the planter behind the wall is useless?! Hopefully someone who visits the showflat can shed some light on how this is so.
    Some of the planters are big enough for a big elephant to live in them. and there are no maids' rooms. where would the maid be sleeping? together with the employers in the master bedroom?

    definitely not going to buy!!!

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    Consortium To Soft Launch Highly Anticipated Lincoln Suites
    Singapore
    Tuesday, 20 October 2009

    - 175-unit, 30-storey luxury twin towers comprising 44 studio units, 124 1-
    to 4-bedroom units, four duplexes and three penthouses

    - A “Sky Gym”; Four different wings of facilities; Wireless Multi-Room Music System are all part of unique offerings

    Koh Brothers Group Limited (“Koh Brothers Group”), Heeton Holdings Limited (“Heeton Holdings”), KSH Holdings Limited (“KSH Holdings”) and Lian Beng Group Ltd (“Lian Beng Group”) (collectively known as the “Consortium”), announced that it will soft launch the highly anticipated joint development, Lincoln Suites, to invited guests on October 22, 2009.

    Distinguished by its sleek silhouette, Lincoln Suites is a 30-storey, freehold, 175-unit luxury twin tower condominium development conveniently located along Khiang Guan Avenue, off Newton Road. Less than two minutes‟ walk from the Novena MRT Station and directly across the popular Goldhill Plaza and United Square Shopping Mall and just a five minutes‟ drive away from Orchard Road, Lincoln Suites is slated to dazzle the neighbourhood with its balance of high glamour and cutting edgetechnology.

    To be developed on a land area of 59,986 sq ft, this luxury development will comprise 44 studio units, 124 1- to 4-bedroom units, four duplexes and three penthouses, with sizes ranging from approximately 463 sq ft to 5,490 sq ft.

    Said Mr Francis Koh, CEO and Managing Director of Koh Brothers, “With our collaborative efforts, Lincoln Suites is uniquely created as the epitome of luxury, urban contemporary living. Together, we endeavour to create an unrivalled living experience for all residents at Lincoln Suites. Hence we have engaged top-notch architect and designer to achieve architectural brilliance and enhance the development‟s overall ambience.

    “Lincoln Suites is ultimately a lifestyle solution designed to fulfill the dreams of young and trendy buyers. Given its excellent location, within close proximity to two shopping and dining experiences in both Novena and Orchard, work areas, medical facilities as well as a host of well-regarded local and international schools less than 2 km away, we are confident that Lincoln Suites will appeal to professionals, individuals and families who seek quality homes at attractive prices.

    “We have noted that the proportion of mid- to high-end private homes sold has increased in the past months. With this in view, we have been monitoring the market closely and will consider attractive offers for our units at Lincoln Suites to reflect current market prices in the area.”

    Lincoln Suites is an ingenious integration of clean architectural lines and ultra-modern facilities within a relaxed ambience – a true rhapsody of urban living. Wrapped in an optically dazzling and constantly shifting pattern of horizontal silver metal bands, the twin towers will introduce radiance from within and illuminate each individual apartment, giving a „glazing‟ effect. Twin vertical lights will illuminate radiance to the twin towers, thereby accentuating shadow and light to give a different perspective to this prized development. When night falls, the twin vertical lights emanate a soft glow that sparks and creates a different character to the night sky scene.

    Connected by a sky bridge on the 24th level, the twin towers are consigned on an elevated podium, where car parking facilities and the podium roof are located. The podium roof will also allow residents abundant space for leisure recreational activities.

    Designed to offer abundant natural lighting and outdoor space, Lincoln Suites is a “vertical village” with cascading sky gardens and private planters. Residents will also get to enjoy breathtaking, unobstructed distance views at the Sky Gym on the Sky Bridge, which connects the twin towers on the 24th level. Here is where wellness activities and fine dining facilities will be designated.

    “The Sky Gym would be one of the first sky-high elevated gyms in Singapore, offering breathtaking and unobstructed views of the prime surroundings,” added Mr Koh.

    Beneath its highly decorative architectural garment, Lincoln Suites is further dramatised with landscaping through the use of vertical green planting which extends from ground level to the landscaped deck at level five. Each unit will have its own balcony and green planter to project a tropical living lifestyle, complete with full height windows. Combined with the „glazing‟ exterior, a sense that the twin towers are sprouting out from the green acre of land is created.

    With its broad spatial arrangement, the development offers four different wings of facilities – Family wing, Leisure Wing, Club Wing and Wellness Wing - which provide multiple opportunities for social interaction while maintaining the privacy of the individual units through generous spacing of the building blocks. Different dining experiences, from Italian to Korean, Japanese and Western delicacies, will be available at the Club Wing.

    Tasteful choice of top quality branded and imported finishes complete the meticulous design of Lincoln Suites. Amongst others, each unit will also feature a unique SONOS Wireless Multi-Room Music System, which allows different music to be played in the living and master bedroom at the same time, through the use of one central control system. WiFi zones and concierge services will also be available to residents.

    “With its central location and close proximity to Novena MRT station, coupled with a unique exquisite design and quality finishes, we are confident that buyers will find Lincoln Suites a worthwhile investment,” said Mr Danny Low, Chief Operating Officer and Executive Director of Heeton Holdings.

    “Through our combined strengths, we have created a development unlike others. We believe that investors will be able to appreciate the unrivalled offerings presented in this unique development,” added Mr Choo Chee Onn, Executive Chairman and Managing Director of KSH Holdings.

    Mr Ong Pang Aik BBM, the Chairman and Managing Director of Lian Beng Group, added: “The development has much to offer in terms of location, design, facilities and quality finishes. We believe that it should prove to be a good buy for those looking for a home, as well as for others looking for a sound investment.”

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

    Issued on behalf of: Koh Brothers Group Limited, Heeton Holdings Limited, KSH Holdings Limited and Lian Beng Group Ltd
    By: .......................... Citigate Dewe Rogerson, i.MAGE Pte Ltd
    Contact: .................. Ms Dolores Phua / Ms Carol Wee

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    Lincoln Suites launched at average $1,680 psf
    The Business Times
    Wednesday, 21 October 2009



    The four property developers who jointly bought freehold Lincoln Lodge more than two years ago in a collective sale intend to launch the project tomorrow, they said yesterday.

    The developers – Koh Brothers, Heeton Holdings, KSH Holdings and Lian Beng Group – paid $243 million for the District 11 property along Khiang Guan Avenue at the height of the property boom in June 2007. But they put off launching the project as the property market went south soon after.

    Now, with the market seemingly staging a recovery, the 175-unit Lincoln Suites will be rolled out, beginning with invited guests tomorrow. The first phase of the launch will see 56 units offered at an average price of $1,680 per square foot (psf).

    The consortium paid significantly more than the reserve price of $188 million for the project in 2007 as it was ‘very interested’ in the site. There were several bids for the site.

    It was then estimated that the $243 million forked out worked out to $1,449 psf per plot ratio (ppr) including an estimated development charge (DC) of $413,000.

    However, Koh Brothers chief executive Francis Koh said yesterday that since there was no DC payable – among various things – the land cost has since been lowered to around $1,200 psf ppr. Launching the property at $1,680 psf during the first phase will therefore still give the developers a ‘healthy’ margin, Mr Koh said. Prices could be raised when units are launched in subsequent phases.

    ‘We have partners who are contractors. So we tried to keep the construction cost low, without compromising on the quality,’ said Mr Koh. Construction costs have fallen 15-20% over the past year. The developers also allowed occupants to keep renting apartments while holding off tearing down the existing project, and the rental income from this will subsidise building costs, he added.

    The interest absorption scheme (IAS) is being offered at the property at a 2% premium over the normal progressive payment scheme. Under the IAS, a property purchaser will not have to make any significant payment (apart from the upfront 10-20% downpayment) until the housing project is completed.

    The 30-storey Lincoln Suites will have 44 studio units, 124 one to four-bedroom units, four duplexes and three penthouses. Apartment sizes will range from 463 sq ft to 5,490 sq ft. Many of the units will be small as current market sentiment favours building smaller apartments, said Mr Koh.

    Construction is expected to being in the second half of 2010 and the project will receive its temporary occupation permit by end-2014.

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    total 39 units sold yesterday

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    the showflat is EXTREMELY misleading.

    463sq ft, but it doesn't show the portion of the kitchen which is sticking out and instead pushes the sink into a wall area.

    Half the sofa is sitting on the balcony area where there would otherwise be a sliding door. The planter outside the master bedroom is actually not accessible but the showflat shows it to be accessible with an opening instead of a window.



    Quote Originally Posted by Property_Owner
    total 39 units sold yesterday

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    the 1119sq ft 3 bedroom showflat is just as bad. Half the dining and living area are on the balcony as well. They are so ashamed of their tiny 3rd bedroom that they converted it into a walk in wardrobe for the master bedroom. They made the entrance to the 3 bedroom as almost the entire wall of the living room. Had we entered by the actual main door, would have to walk a corridor of wasted space to pass the entire kitchen before reaching the living/dining area.

    Quote Originally Posted by bargain hunter
    the showflat is EXTREMELY misleading.

    463sq ft, but it doesn't show the portion of the kitchen which is sticking out and instead pushes the sink into a wall area.

    Half the sofa is sitting on the balcony area where there would otherwise be a sliding door. The planter outside the master bedroom is actually not accessible but the showflat shows it to be accessible with an opening instead of a window.

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    Quote Originally Posted by Property_Owner
    total 39 units sold yesterday
    Do you know what sizes and what $psf sold for these units?

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    all comments i c. i think i better go 4 1-2 yr old project sub-sale.

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    One of the high floor Studio unit sold for $2,200psf...

    Few Lincoin Lodge Owners brought 10 units in this project.

    They got $2M+ form the En-block Sales, now they buy back form the developer with $1,700+psf

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    Quote Originally Posted by East Coast Boy
    One of the high floor Studio unit sold for $2,200psf...
    What size unit for $2200psf?

    Bought by agent of developer to pace the crowd?

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    Quote Originally Posted by richie$$$
    all comments i c. i think i better go 4 1-2 yr old project sub-sale.
    Is there a 4.5year project which has not TOP nearby? Iridium?

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    Quote Originally Posted by andy
    What size unit for $2200psf?

    Bought by agent of developer to pace the crowd?
    I think more like bought to hedge against upcoming price surge in District 9?

    The question now is "how do we hedge against Lincoln Suites?"

    Quote Originally Posted by jlrx, Orchard View
    OUE was thought to have been stuck with the Angullia Park site because they had overpaid for it at $1,730 psf ppr.

    Now it seems that these Hong Kong China Sonangol people think that the site is worth $2,058 psf ppr !!!

    Maybe it is cheap compared to the S$13,000 psf at 39 Conduit Road.

    Will China Sonangol bring over with them those rich mainland Chinese to buy up this whole place?

    I can feel the ground rumbling, like an earthquake is coming ...

    This type of situation is very stressful.

    One wrong move (or even no move) and you will end up on the wrong side of the wealth divide.
    Quote Originally Posted by CNA, Orchard View

    The Parisian site at Angullia Park sold for S$283M
    Wong SiewYing
    Channel NewsAsia
    Thursday, 22 October 2009, 2047 hrs



    The freehold site at Angullia Park that The Parisian sits on has been sold for S$283 million.

    The buyer is China Sonangol Land, part of the China Sonangol international holding company headquartered in Hong Kong.

    According to real estate consultancy CB Richard Ellis which brokered the deal, this is the biggest private residential land sale in two years.

    The site, located near Orchard Road, can accommodate a 36-storey development comprising 52 three and four-bedroom units and two penthouses.

    The Parisian was bought by developer Overseas Union Enterprise in a collective sale for S$228.1 million in December 2006.

    In a filing with the Singapore Exchange, OUE said, the transaction presents the group with an opportunity to review its financing strategy for its property development business segment.

    By selling the Parisian, OUE said it can focus its resources on its other project The Grangeford.

    The sale will result in a profit for the Group of about S$19.1 million as at 30 June 2009.

    It will also result in a rise in net tangible assets per share from S$10.84 to S$10.94, based on OUE's group results for Financial Year 2008.

    And earnings per share will increase from S$0.21 to S$0.31 after the transaction.

    CBRE said the purchase price of S$283 million will translate to about S$2,058 per square foot per plot ratio, with breakeven price estimated at S$2,500 to $2,600 psf.

    It added that depending on the launch date the selling price could be around S$3,500 psf.

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    Quote Originally Posted by Reporter
    I think more like bought to hedge against upcoming price surge in District 9?

    The question now is "how do we hedge against Lincoln Suites?"
    Good point. The breakeven for orchard view is now about $2500psf. Hence 3000psf should be the selling price?

    When will Orchard View TOP?

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    Quote Originally Posted by andy
    Good point. The breakeven for orchard view is now about $2500psf. Hence 3000psf should be the selling price?

    When will Orchard View TOP?
    I think you meant $3,000 psf is the minimum selling price.

    I am not sure about the TOP date. Since they are fixing the frame now, it might be in 3-6 months time.

    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of August 2009

    Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Orchard View ..... CCR ........ 3 ............................. 3 ................................ 3,181 ........... 3,155 ............. 3,057

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    Quote Originally Posted by Reporter
    I think you meant $3,000 psf is the minimum selling price.

    I am not sure about the TOP date. Since they are fixing the frame now, it might be in 3-6 months time.
    Sorry I got mixed up between Orchard View (formerly ANGULLIA View) and The Parisian, 21 Angullia Park.

    The Parisian with its new purchase price should break even around $2500psf. Selling price should be at least $3000psf, right?

    Why CBRE says it should be around $3500psf?

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    Quote Originally Posted by andy
    Sorry I got mixed up between Orchard View (formerly ANGULLIA View) and The Parisian, 21 Angullia Park.

    The Parisian with its new purchase price should break even around $2500psf. Selling price should be at least $3000psf, right?

    Why CBRE says it should be around $3500psf?
    CBRE is making a very conservative estimate with $3,500 psf. They could not imagine the final figure. It could be much more than $5,000 psf.

    Hong Kong developers have been organising fully-paid-for tours for tycoons from the mainland China. One of the itinerary of these tour is a lunch-shopping trip to a showroom, where these tycoons can grab all they want, a $8,888 psf item, a $13,000 psf item or the best-of-the-best-$20,000 psf item.

    With this purchase, China Sonangol will be adding a new destination for these tours - Singapore. These tycoons hate to be labelled as "cheapskate". The last thing China Sonangol want to do is to make them "lose face" when they are back in their homeland after a Singapore tour.

    Just ask youself these questions:
    1. Are China Sonangol buying this site to compete against the local big boys who have all the cost advantage?
    2. If China Sonangol can't beat the local big boys in terms of cost, why should they even bother to buy the site?
    3. Are China Sonangol willing to offend their most-valuable customers by offering them a condo that is not the most expensive in Singapore and costs just 25% of those in Hong Kong?

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    i think he meant '4' = for 1 to 2 year projects nearby. maybe referring to PI and just TOP Iridium.

    Quote Originally Posted by andy
    Is there a 4.5year project which has not TOP nearby? Iridium?

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    I going tomorrow ...

    Any other feedback for this project ?

    DKSG

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    Quote Originally Posted by Reporter
    CBRE is making a very conservative estimate with $3,500 psf. They could not imagine the final figure. It could be much more than $5,000 psf.

    Hong Kong developers have been organising fully-paid-for tours for tycoons from the mainland China. One of the itinerary of these tour is a lunch-shopping trip to a showroom, where these tycoons can grab all they want, a $8,888 psf item, a $13,000 psf item or the best-of-the-best-$20,000 psf item.

    With this purchase, China Sonangol will be adding a new destination for these tours - Singapore. These tycoons hate to be labelled as "cheapskate". The last thing China Sonangol want to do is to make them "lose face" when they are back in their homeland after a Singapore tour.

    Just ask youself these questions:
    1. Are China Sonangol buying this site to compete against the local big boys who have all the cost advantage?
    2. If China Sonangol can't beat the local big boys in terms of cost, why should they even bother to buy the site?
    3. Are China Sonangol willing to offend their most-valuable customers by offering them a condo that is not the most expensive in Singapore and costs just 25% of those in Hong Kong?
    Wow ... what will happen if China Sonangol sell-out their entire project to China tycoons at $8,888 psf? (Since China/ Hong Kong people like the number '8' so much).

    Let me create a fictitious news headline:

    The Singapore Times

    Oct 24, 2010

    Sonangol @ Angullia Park Sold Out at $8,888 psf

    China Sonangol, which last year bought The Parisian at 21 Angullia Park from OUE for $283 million, or a unit land price of $2,058 psf ppr, has sold out their new project before launch. The average selling price was $8,888 psf.

    The entire project has been sold-out to China mainland buyers who came to Singapore on an all-expenses-paid property-buying tour.

    Local buyers who submitted their blank cheques through their agents, hoping to buy a unit, have had their cheques returned.

    The project, sitting on 21 Angullia Park, is 46 storeys tall but the highest floor is numbered the 88th floor. This is in keeping with Hong Kong's tradition of numbering the floors with auspicious numbers.

    The address has also been changed from 21 Angullia Park to 88 Angullia Park because China buyers like the number "8" very much.

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    Let us know what you think. Hope I am not the only heavy critic of this project. Let us know the response too. If 10 of 39 sold last Thursday was to former Lincoln Lodge owners, as mentioned in one of the posts, then it is not so hot afterall.



    Quote Originally Posted by DKSG
    I going tomorrow ...

    Any other feedback for this project ?

    DKSG

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    Quote Originally Posted by andy
    Is there a 4.5year project which has not TOP nearby? Iridium?
    go for 1-2 yrs old project. not 4 1/2 yr project

  30. #150
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    Jul 2009
    Posts
    549

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    Quote Originally Posted by DKSG
    I going tomorrow ...

    Any other feedback for this project ?

    DKSG
    The showflat is nothing to shout about. Finishing are above average.

    Overall about 40 over units sold I'm told.

    I cannot imagine renting the studio @ 474sqft. It is so small and yet much of the area is taken by balcony and planters.

    Many units of studio units have been sold and even lower floors hitting above $2000psf. One unit above 20th floor went for 2200psf (anyone can confim?)

    They told me studio units can command $4K rental which I refuse to believe. But maybe if lease period is for 3 to 6 months.

    The biggest plus about LS is the endless facilities sky bridge gym and sky terraces, clubs and wellness wing. It is more like a hotel with a 50m "almost indoor" pool.

    The downside is the small land area with no tennis courts. Regardless of the MM units my take is that this development is likely to do well.

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