While I have always been positive of the area and observed big developers' effort to gentrify that part of Balestier, $1600 is a bit too optimistic... unless of course you are a rich Indonesian/PRC/Malaysian (buying without actually visiting the location), its hard to see why I need to pay a premium because its D11
Originally Posted by Number_9z
Hi, some site map and unit location inform for you guys
PLEASE CALL/SMS/EMAIL +65 84483535 OR firstname.lastname@example.org FOR APPOINTMENT PREVIEW SALES
Cube 8 lands in Thomson
Monday, 11 January 2010, 16:15
The latest addition to District 11 comes to you via City Developments Limited. Cube 8 is a 36-storey freehold condo that's right beside Thomson Road. This development has 177 units comprising 1-bedders to penthouses.
The land Cube 8 is sitting on belonged to Thomson Mansions and The Albany. According to their July 2007 newsletter, CDL bought those condos separately in a collective sale in early 2007 for a total price of $95m. Taking into account the total size of both plots at 74,310 sqft and the gross plot ratio of 2.8, the Cube 8 site works out to about $456 psf ppr.
Site Area: 74,310sqft
Developer: City Developments Limited (CDL)
Estimated TOP: unknown
Units: 177 total, 1BR(39), 2BR(58), 3BR(67), 4BR(9), PH(4)
1BR (560 sqft)
2BR (893 - 926 sqft)
3BR (1,335 - 1,475 sqft)
4BR (1,593 sqft)
PH (3,025 - 3,229 sqft)
Launch Date: rumoured Wednesday, 20 January 2010
Note: Distance from PIE Flyover to Cube 8 is approximately 50m. Very approximate!
Note the North-east/South-west block orientation.
According to our sources, prices begin from $7xx psf onwards. However, looking at the $456 psf ppr of the two combined plots, we should be looking at the region of $930 to $1,000psf.
We cannot stress enough that these prices are estimates, we'll know more as the days go by.
Nearby, The Arte (freehold, CDL) was selling for an average of $880psf when it launched in March 2009. Vista Residences (freehold, FEO) were launched at an average of $1,100 psf in June 2009.
A check with URA caveats shows The Arte going at an average of $1,043 psf from August 2009 to December 2009. Vista Residences recorded an average of $1,259 psf from November 2009 to December 2009.
The above report said:"..... prices begin from $7xx psf onwards. ....we should be looking at the region of $930 to $1,000psf."
I seriously doubt they would price anything at $7xx (even for the penthouse) or even sub $1,000, . Why would they lower the price with sub-sales and Vista prices jumping. We haven't seen $7xx since a year ago when Arte started this bull charge in the area!
I think there is still a pent-up demand for RCR, with people dying to get onboard the property wagon. The slowdown in property sales in RCR was simply because there weren't many new condos being launched ...
I am watching the launcg of Cube8 with great interest
I think most probably a typo, prices form $7XXk onwards instead of $7XX psf
Originally Posted by tiks