There is basement parking at TS, stayed there before.Originally Posted by louisebrown
$450 - $500 psf
$500 - $550 psf
$550 - $600 psf
$600 - $650 psf
Not Interest - Not worth.
Junior
There is basement parking at TS, stayed there before.
Newbie
Oh really. I know Modena has one cuz I've resided in a unit there.
Newbie
actually not bad lah if u r living in the east
but going to orchard will be a problem
CASPIAN FOREVER
Newbie
I don't see how Caspian is any better, far from downtown too. In fact, Caspian is one of the more claustrophobic project around...
Newbie
Double Bay Residences
Project Name-Double Bay Residences
DeveloperSecure Venture Development (Simei) Pte Ltd(Kheng Leong/UOL Group Ltd)
Tenure - 99 Yrs w.e.f. 4 Apr 2008
Completion Date - est. Dec 2013
District - 18
1 bedroom (538 - 635sf)
2 bedroom (915 - 1335sf)
2 bedroom + study (1001 - 1765sf)
3 bedroom (1259 - 1765sf)
3 bedroom + study (1830 - 2142sf)
4 bedroom (1550 - 2379sf)
Duplex (3606 - 3703sf)
Penthouse (2982 - 3488sf)
Ancillary Shop (226 - 538sf)
>>> more floor plans and elevation charts , click here >>>>
.
Junior
Why are people paying crazy prices for a 99yr LH in a suburban area?
It as good as writing off that sum ..
99yr depreciate...
You know Sembawang... a lot of 99yr LH terraces going for $1.3 - $1.8mil .. built by Fragrance..
Very nice scenery for some .. as you can see Johor... and river...
But damn ulu and 99yrs...
Amazing that there are people actually living there..
Newbie
will you live 99 years more?
talk nonsense
Newbie
any idea which project is fall into the new rule?
Newbie
Sorry no idea. It all depend on when their submit for approval.
Newbie
pass by Double Bay today, show flat almost up.. but just wondering, is the plot of land all belongs to Double Bay? or just half of the land??
Cos if u look at google map, the site is big. But on location, not dat big
. Any ideas anyone?
Junior
Heard from a friend, was informed by someone that its going to be the 7th March for DBR... anyone here at this forum is seriously considering this one ?
Newbie
shhh...not so loud.. wait the Rapist wants to buy!
On a more serious note, no harm taking a look.
ex-Mcfarlene fan
someone mentioned that the site Double Bay is residing, used to be a cemetery. Is it true?
Newbie
stay in simei... the plot next to mrt track... that is the only killer...
the land is "L" shape and the long side just along the track...
Newbie
hmmm maybe can flip 2 unit if cheapshhh...not so loud.. wait the Rapist wants to buy!
On a more serious note, no harm taking a look.
Any complaints please PM me
http://www.businesstimes.com.sg/sub/...20953,00.html?
Published February 26, 2009
More mass market projects to launch
By UMA SHANKARI
(SINGAPORE) Developers are planning to launch more mass market projects this weekend to take advantage of a recent surge in buying interest.
Hiap Hoe Group, a niche developer, will officially launch its 118-unit The Beverly, located at Toh Tuck Road, this Saturday. The starting selling price is $648 per square foot (psf), which Hiap Hoe says is an 'attractive starting selling price'.
'We have designed The Beverly for those looking for affordable, high-quality residential developments in a good location,' said Teo Ho Beng, the company's managing director.
The Beverly's two, three and four-bedroom apartments range from 1,120 sq ft to 4,187 sq ft, while its double-storey penthouses range from 2,099 sq ft to 3,757 sq ft and are each outfitted with a private roof garden and pool.
On the other side of the island at Pasir Ris, Sustained Land Pte Ltd will also officially launch Coastal Breeze Residences come this weekend. Two and three-bedroom units at the 63-unit development will sell for $610-$660 psf.
Sustained Land has sold 13 units in Coastal Breeze Residences since the start of 2008 in a soft launch. The units, which were mostly prime apartments on higher floors, went at an average price of $690 psf.
The remaining units are mostly three-bedders between 1159 sq ft and 1356 sq ft in size and there are also duplex penthouses. In terms of absolute value, for example, the price for a three-room 1159 sq ft unit starts at $712,000.
Meanwhile, the UOL Group is expected to launch its 646-unit Double Bay Residences in Simei sometime next week. Market talk has it that the project could be launched at $650-680 psf.
The three projects are coming hot on the heels of two successful launches earlier this month. Units at Frasers Centrepoint's Caspian condominium near Jurong Lake and Alexis @ Alexandra, a project by joint venture partners Yi Kai Group and Fission Group, sold quickly upon the projects' launches.
One market insider said that developers are taking pricing cues from each other, and making sure their newly launched projects are priced to sell. 'There is a sense that people will only be willing to buy projects in the $600-plus psf range, and also only units that don't cost too much in total. People don't really want to pay more than $600,000 or $700,000-plus in these times,' he said.
Developers are also throwing in more upmarket features into their mass market offerings to entice buyers. Each of The Beverly's 118 apartments is served by private lifts that open into the lobby of its interior. UOL's Double Bay Residences will also offer extras such as full-length windows in the kitchen, the company has said.
Newbie
Act fast for VIP viewing!!!
Junior
Wow.. I always thought VIP means Very Impt Person..
you mean I get invited to the launch without you knowing who I am?
ex-Mcfarlene fan
yah loh, it's any ah kor or ah meow can. just register and u get invite.
Newbie
Based on what I heard, the price range will be $620 psf - $680 psf.
Happy negotiating this coming weekend!
Junior
I'm going to visit this one, heard it is good.
Any complaints please PM me
http://www.straitstimes.com/Invest/S...ry_344386.html
March 1, 2009
property
Property market starting to stir
Success of two new launches encourages a few developers to release their projects
By Joyce Teo, Property Correspondent
Over the weekend, 30 units of the 102-unit St Patrick's Residences in St Patrick's Road in the East were launched. The 646-unit Double Bay Residences in Simei should go on sale soon, with prices set at around $650 psf to $680 psf. -- PHOTO: TG DEVELOPMENT PHOTO: UOL GROUP
View more photos
Thanks to the mini-buzz created by two new successful launches - Caspian in Jurong and Alexis @ Alexandra - a few developers have decided to release their projects for sale.
It is an improvement, even if it is just a slight one, from the very sombre mood a month ago, when market watchers were expecting the lull in the market to continue.
Over the weekend, TG Development launched 30 units of the freehold, 102-unit St Patrick's Residences in St Patrick's Road in the East.
On average, prices start at around $675 per sq ft (psf) for a two-bedroom unit and rise to about $900 psf for a four-bedroom penthouse.
Unit sizes range from 1,152 sq ft for the two-bedroom units to 3,423sqft for the four-bedroom penthouses. Some three-bedroom units can cost just under $1 million.
The interest absorption scheme, which allows buyers - if they take a loan from the start - to defer making any payments beyond the initial down payment until the project is completed, is offered at a 3 per cent premium.
Marketing agent Savills said the condominium offers quality furnishings and fittings usually associated with prime projects, and that a few units have been sold since the preview a week ago.
Near Upper Bukit Timah, Hiap Hoe has launched The Beverly, its 118-unit condo in Toh Tuck Road.
Each unit is served by a private lift. Prices start at $648 psf; the average price is $750 psf. This means that the total price per unit should start from just below $1 million.
Unit sizes range from 1,120 sq ft for the two-bedders to 4,187 sq ft for the four-bedders. There are also double-storey penthouses from 2,099 sq ft to 3,757 sq ft. Hiap Hoe is not offering the interest absorption scheme.
Other projects expected this month include Double Bay Residences in Simei, The Arte in Thomson, Domus in Irrawaddy Road and an 18-storey project in River Valley.
These are in the mass- to mid-market categories that, unlike the high-end segment, are still attracting buyers.
New home sales in January had plunged to a new low as developers and buyers kept to the sidelines.
The two new projects that sold very well about two to three weeks ago - Caspian and Alexis - helped revive the market mood to a certain extent.
The Caspian showflat was packed during the preview, when 300 out of 712 units were sold at average prices starting from $580 psf. So far, more than 500 units have been sold.
The 293 Alexis units were all sold at $950 psf to $1,250 psf, but the absolute prices were reasonable, given that most units are small.
At a results briefing last Thursday, City Developments' Kwek Leng Joo cited the good take-up at the two projects as proof that there is still demand.
'The good response to recent launches is true,' he said.
Still, the stock market and buying sentiment remain weak.
Ms Phylicia Ang, director of Savills Residential, said: 'The affordability threshold is key at this point. In the current market, it is important to price projects at an attractive level to attract buyers.'
The UOL group should start selling the 646-unit Double Bay Residences near the Simei MRT station soon. It declined to give pricing details of the 99-year leasehold condo until the launch, but there is talk that prices will be around $650 psf to $680 psf.
The one-bedders start at 538 sq ft, the two-bedroom units from 915sq ft, while the big units can go up to 3,703 sq ft.
Along Thomson Road, The Arte is expected to be released for preview sale by the middle of the month.
Property agents have advertised the preview of the 336-unit, freehold condo at prices starting at more than $950 psf.
About half of the project, or 164 units, are three-bedroom units from 1,399 sq ft to 1,625 sq ft. Another 100 units are 1,873 sq ft four-bedders.
There are also advertisements for the preview of the 18-storey, 67-unit project in River Valley, which offers the interest absorption scheme. It has mostly small units - 32 are 635 sq ft apartments and 30 are 1,044 sq ft units.
A Chinese developer, Lakeview Developments, may also push out its 104-unit Domus this month.
High-end launches will likely be few and far between this year, as current demand is coming only from owner-occupiers or very small investors, according to a developer.
There should be more mass- to mid-market projects coming up in the next few months. These could include projects like the 99-year leasehold Ascentia Sky next to the Redhill MRT station. It offers two- to four-bedroom units from approximately 1,000 sq ft to 1,800 sq ft.
[email protected]
ex-Mcfarlene fan
doesn't seem positive for developers with reports like this...
it means prices will still go low, looks like Double Bay really have to sell below 600psf.
Developers need to launch properties to avoid holding costs
By Ng Baoying, Channel NewsAsia | Posted: 02 March 2009 1935 hrs
Photos 1 of 1 ">
SINGAPORE: Singapore homebuyers can expect more private residential properties to be launched in the coming months and at lower prices.
Analysts said that's because developers are now torn between accepting either weaker profits or high costs of holding on to land.
Brisk sales seen in recent property launches like the Caspian can be credited to lower prices being offered by developers.
Units there were sold at about S$600 per square foot, or S$50 per square foot less than earlier planned.
Analysts said developers have little choice but to cut prices to move sales as the the cost of holding onto a piece of land can be expensive as well. A typical plot of land for mass market homes could chalk up more than S$500,000 of interest annually including other costs.
Interest on land cost is typically about four to six per cent. Developers normally take a 60 per cent loan on land.
This means a mid to mass market plot of land bought for S$20 million will accrue more than S$500,000 of interest in a year. There are other costs too.
Cheang Kok Kheong, COO, Development & Property, Frasers Centrepoint, said: “It's very good price for the present economic situation and it really meets the kind of needs and budgets our customers have right now. We have committed our construction costs. We have gone ahead and developed it and we are looking at our cashflow to ensure that we can build the project on time with little financial difficulties."
Frasers also wants cash for possible land acquisitions in the near term.
Other developers which have turned to cutting prices include City Developments.
It recently launched a new phase of its Livia project in Pasir Ris at about S$620 per square foot, down from S$650 per square foot.
And GuocoLand relaunched its development near Buangkok MRT, the Quartz, at an average price of S$595 per square foot, more than eight per cent lower than the initial launch in 2007.
Another developer, MCL Land recently made provisions to value its land near current market prices.
Analysts said this is normally a prelude to a relaunch at lower prices.
But they note that developers will not keep prices low for too long.
Donald Han, managing director, Cushman & Wakefield, said: "Some obvious strategy would be to go out there, launch as much as you can depending on where the quota is. Then once you hit a certain sales quota you stop and then you relaunch it when the project can be launched at a better market sentiment and hopefully at a higher price as well."
Most analysts believe the market will start to pick up in mid-2010. - CNA/vm
Junior
Any one visit the soft launch today? Heard that price is above 650psf!! So expensive, who wan to buy???I'm going to visit this one, heard it is good.
You guys really think price will go below 550psf??? I think even if price fall to 550psf, it is only applied to those bad facing n low floor units.... This is like stock market, good chip tends to hav better support....
Newbie
do you by chance also live in east?Any one visit the soft launch today? Heard that price is above 650psf!! So expensive, who wan to buy???
You guys really think price will go below 550psf??? I think even if price fall to 550psf, it is only applied to those bad facing n low floor units.... This is like stock market, good chip tends to hav better support....
ex-Mcfarlene fan
ok, i can finally stop my property hunting already. just got a 2+1bedroom here. hmm.. it's going to be a long wait.
Junior
congrats... @ $630 psf ?
ex-Mcfarlene fan
hmm... no didn't buy the cheaper unit, bought stack 6. 13 and 14 are too near to mrt sounds. how about urself?
Junior
Congrats... Heard many ppl at the soft launch... But not sure how d sales going on...
ex-Mcfarlene fan
hmm.. so far the favourable 2+1 units are all sold. not sure for 2 bedroom and the studio suites.
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