Southbank (D7, Leasehold, UOL Group)

[Arcachon]

SOUTHBANK NORTH BRIDGE ROAD Apartment 630,000 592 1,064 Aug-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 1,065,900 969 1,100 Aug-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 1,130,440 958 1,180 Aug-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 1,181,700 1,313 900 Jul-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 583,100 958 609 Jul-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 580,160 592 980 Jul-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 1,200,000 958 1,253 Jul-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 960,000 958 1,002 Jul-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 1,082,540 958 1,130 Jul-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 901,170 969 930 Jul-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 938,000 958 979 Jul-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 637,584 592 1,077 Jul-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 920,550 969 950 Jul-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 881,360 958 920 Jul-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 899,480 904 995 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 1,380,000 1,313 1,051 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 618,000 592 1,044 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 960,000 958 1,002 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 850,000 958 887 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 465,000 592 785 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 850,000 904 940 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 850,000 969 877 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 891,480 969 920 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 650,000 614 1,059 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 518,000 592 875 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 550,000 592 929 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 804,720 958 840 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 1,116,050 1,313 850 Jun-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 800,000 958 835 May-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 828,000 969 855 May-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 930,000 958 971 May-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 800,000 904 885 May-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 495,000 592 836 May-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 490,000 592 828 May-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 590,000 592 997 May-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 740,000 904 818 May-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 605,000 614 986 May-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 420,000 592 709 May-07
SOUTHBANK NORTH BRIDGE ROAD Apartment 730,000 958 762 Apr-07

[Arcachon]

I bought mine @ 559 psf for 958 sqft 2 Bedroom on the second day of launch on Sun Jun 2006 UOB val @ 1.5 million in April 2011. This is as far back as I can go.

[DC33_2008]

Sitting on excellent profit of more than $1000psf. Gone in slightly later than you.

I bought mine @ 559 psf for 958 sqft 2 Bedroom on the second day of launch on Sun Jun 2006 UOB val @ 1.5 million in April 2011. This is as far back as I can go.

[DC33_2008]

[carbuncle]

What sort of tenant profile can one expect from the direct effect of Sports Hub?

[DC33_2008]

People working in CBD. Rental is on average about $5.30psf.

What sort of tenant profile can one expect from the direct effect of Sports Hub?

[blackjack21trader]

People working in CBD. Rental is on average about $5.30psf.

The fair rental rate should be S$7.00psf for this project. No..I am not kidding, but speaking from my experience in overseas property with this kinda great view !!!

[DC33_2008]

Mzybe for the studio unit. ]

The fair rental rate should be S$7.00psf for this project. No..I am not kidding, but speaking from my experience in overseas property with this kinda great view !!!

[DC33_2008]

We will provide more housing in the Central Region to allow more Singaporeans to live close to where they work. There will also be a wider diversity of housing choices at different locations, amidst lush greenery or waterfront settings.
In particular, we are planning for new housing estates at the former Bukit Turf Club, Kallang Riverside, Keppel and Bukit Brown areas. When fully developed, they will offer attractive housing options close to the city and connected to MRT lines.
Waterfront City Living at Kallang Riverside

Located close to the city centre, homes at Kampong Bugis will be set in both lush greenery and waterfront settings. The heights of housing developments will be stepped down to the waterfront providing residents scenic views of Kallang Basin and the city skyline. Through the use of water-sensitive urban design features, landscaping elements and “fenceless” developments, the linear park from Lavender MRT station to the Kallang waterfront will provide seamless greenery.

(From left) Kallang Riverside; Artist impression of waterfront living at Kallang Riverside

[DC33_2008]

Singapore will have a diverse and vibrant arts, culture and sports scene. The National Art Gallery will be completed in 2015, adding to the vibrancy of our Civic District. Our Sports Hub will open in 2014, providing a fully integrated sports, entertainment and lifestyle hub. It will house Singapore’s largest all-weather venue - a 55,000-seater national stadium; a water sports centre; an aquatic centre; a shopping mall, waterfront and F&B options, and indoor and outdoor sports spaces such as beach volleyball courts and rock climbing walls. We are also investing in regional sports venues as well as in cultural and sports programming so as to provide more opportunities for Singaporeans to participate in arts and sports activities at the community level.

• Artist impression of National Art Gallery
• Artist impression of Singapore Sports Hub

[Invest]

This project and Citylights both are equally good.rental for one bedder almost $4k same as some in D9/10.Next year might be higher when sport hub is up.the next iconic structure in Sg.

[fiat500]

This project and Citylights both are equally good.rental for one bedder almost $4k same as some in D9/10.Next year might be higher when sport hub is up.the next iconic structure in Sg.

I doubt! Anyway what's so special about the sports hub? It's just another stadium.
As time goes by, all the excitement will be gone just like our IR..

[Ringo33]

The fair rental rate should be S$7.00psf for this project. No..I am not kidding, but speaking from my experience in overseas property with this kinda great view !!!

no one will pay $7psf to live next to crawford HDB neighborhood. I think its one of the poorest estate in Singapore.

[thomastansb]

Not really. Rental is calculated based on distance to city. Not how poor the estate is. The nearer you are to city, the higher the rental. With MRT, you can add 20-30% more.

no one will pay $7psf to live next to crawford HDB neighborhood. I think its one of the poorest estate in Singapore.

[Arcachon]

http://www.skyscrapercity.com/showthread.php?t=358211

[Ringo33]

Not really. Rental is calculated based on distance to city. Not how poor the estate is. The nearer you are to city, the higher the rental. With MRT, you can add 20-30% more.

@ $7psf you can live in the city.

[thomastansb]

If city is $10 psf, then $7 psf for southbank seems okay to me.

Anyway, my point is rental is not really affected by poor district or rich man district. It is how near you are to city that decide the rental.

@ $7psf you can live in the city.

[Ringo33]

If city is $10 psf, then $7 psf for southbank seems okay to me.

Anyway, my point is rental is not really affected by poor district or rich man district. It is how near you are to city that decide the rental.

Thats not true. just look at development around Farrer Park or Chinatown.

[thomastansb]

Which one? City square residences? That one rental not bad. Studio 3k+. Just like southbank/citylights.

I don't remember Chinatown having any similar condos like Southbank/Citylights/City square.

Thats not true. just look at development around Farrer Park or Chinatown.

[Ringo33]

Which one? City square residences? That one rental not bad. Studio 3k+. Just like southbank/citylights.

I don't remember Chinatown having any similar condos like Southbank/Citylights/City square.

Parc Imperial which is located in Pasir Panjang, is not that close to city center, but rental is $7psf, as good as the Sail which is right in the heart of city.

[thomastansb]

Because that one is small in size. So translate into higher psf. 300+ sq ft rent out 2.7k, easily $7.5 psf.

But Citylights/Southbank studio rental about 3.6 to 3.8k but psf wise, only $6 psf.

Sail is worse. The studio on average are 650 sq ft. Some bigger ones are 689 sq ft but rental about 4k to 4.5k so psf wise, about $6+.

So rental wise, the nearer you are to city, the higher the rental. But if you are talking about psf, that is a different story.

Parc Imperial which is located in Pasir Panjang, is not that close to city center, but rental is $7psf, as good as the Sail which is right in the heart of city.

[Invest]

Because that one is small in size. So translate into higher psf. 300+ sq ft rent out 2.7k, easily $7.5 psf.

But Citylights/Southbank studio rental about 3.6 to 3.8k but psf wise, only $6 psf.

Sail is worse. The studio on average are 650 sq ft. Some bigger ones are 689 sq ft but rental about 4k to 4.5k so psf wise, about $6+.

So rental wise, the nearer you are to city, the higher the rental. But if you are talking about psf, that is a different story.

Ya,Sail rental is not so good if to compare plus the premium paid when buying.seriously,I personally felt Citylights/Southbank/Citysquare are best investment for rental and expats love these 3 condos.

[Invest]

I doubt! Anyway what's so special about the sports hub? It's just another stadium.
As time goes by, all the excitement will be gone just like our IR..

Sports hub is the next in thing and at least there is potential in pushing up the price better than nothing iconic in some area and projects.when the hub is up I dun believe the price will remain the same.how can that be possible?

[Ringo33]

Sports hub is the next in thing and at least there is potential in pushing up the price better than nothing iconic in some area and projects.when the hub is up I dun believe the price will remain the same.how can that be possible?

the only thing the sport hub has to offer is eye candy that give us the false impression that Singapore has arrived as a sport nation.

sport hub is no casino, so dont expect too much fireworks when its completed.

[Ringo33]

Because that one is small in size. So translate into higher psf. 300+ sq ft rent out 2.7k, easily $7.5 psf.

But Citylights/Southbank studio rental about 3.6 to 3.8k but psf wise, only $6 psf.

Sail is worse. The studio on average are 650 sq ft. Some bigger ones are 689 sq ft but rental about 4k to 4.5k so psf wise, about $6+.

So rental wise, the nearer you are to city, the higher the rental. But if you are talking about psf, that is a different story.

based on what you said earlier about

"It is how near you are to city that decide the rental"

then the Sail should command a much higher rental since its located right in the heart of the city?

[fiat500]

Sports hub is the next in thing and at least there is potential in pushing up the price better than nothing iconic in some area and projects.when the hub is up I dun believe the price will remain the same.how can that be possible?

Since u are so bullish! How much do u forsee the price increased will be?
If that's the case, the nearby riverine, citylights n the hdb blocks all will also enjoy price increased since all will have the view of the stadium! How lucky!

[DC33_2008]

Those who have bought from developer are having more than 200% capital appreciation with 10% rental yield. Going forward, there is still upside with the development of the kallang riverside when those sites are opened for bidding. Sportshub is just one of the drivers. The icing is the development at the riverside.

Since u are so bullish! How much do u forsee the price increased will be?
If that's the case, the nearby riverine, citylights n the hdb blocks all will also enjoy price increased since all will have the view of the stadium! How lucky!

[Ringo33]

Those who have bought from developer are having more than 200% capital appreciation with 10% rental yield. Going forward, there is still upside with the development of the kallang riverside when those sites are opened for bidding. Sportshub is just one of the drivers. The icing is the development at the riverside.

At the current price, one can actually find freehold development which offer similar rental yield. for kallang riverside potential, I think Tanjong Rhu area will be a much better bet since it will be walking distant to sports hub and the future MRT station from ERL

[thomastansb]

I thought I just said Sail has a higher rental? 4 to 4.5k for studio.

Citylights/Southbank 3.6 to 3.8k for studio.

based on what you said earlier about

"It is how near you are to city that decide the rental"

then the Sail should command a much higher rental since its located right in the heart of the city?

[thomastansb]

Yup, when calculated at yield basis, the rental sucks.

There is no such thing call best investment or expats love which condo. You should be looking at future potential, rental yield, amenities etc. If Citysquare mall studio at 1.1M, I wouldn't even take a look at it.

Ya,Sail rental is not so good if to compare plus the premium paid when buying.seriously,I personally felt Citylights/Southbank/Citysquare are best investment for rental and expats love these 3 condos.