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Thread: Riviera 38 - Allgreen - 26 storeys - 38 Mar Thoma Rd

  1. #21
    Join Date
    Sep 2008
    Posts
    2,593

    Default

    Went to recce the site today, location not very ideal.. so deep inside



  2. #22

    Default

    If we use the reported one-bedder 452sqft unit on the 7th floor as a benchmark, the psf is $1172.50. Not bad leh. It means the bigger units will be less than $1110 psf.

    Much cheaper than airstream, Vetro and city regency. Of course, it's cheaper than Regent Residences. Regent Court was enbloc for $83 mil.

    Can't blame them, All Green bought the Hup Cheong land very cheaply in 2009 for $24 million. So they still earn a lot. Location is deep inside and more ideal if you drive or they provide shutter bus service in future.

    So UE which bided for the 99-year LH land at Bendemeer road will need to be cheaper than $1000 psf. But is it possible? It's nearer to MRT and has the advantage of better view. Hmmm... But UE bought it from HDB for $543mil or $774 psf in April 2011. Looks like UE will still price it expensively.
    Yee ha! Did I tickle your funny bone?




  3. #23

    Default

    How can UE sell low if you look at the surrounding resale price of St Michael, etc. which is further away from Boon Keng mrt stn.? Do you think UE can be second SL?
    Quote Originally Posted by ecimbew
    If we use the reported one-bedder 452sqft unit on the 7th floor as a benchmark, the psf is $1172.50. Not bad leh. It means the bigger units will be less than $1110 psf.

    Much cheaper than airstream, Vetro and city regency. Of course, it's cheaper than Regent Residences. Regent Court was enbloc for $83 mil.

    Can't blame them, All Green bought the Hup Cheong land very cheaply in 2009 for $24 million. So they still earn a lot. Location is deep inside and more ideal if you drive or they provide shutter bus service in future.

    So UE which bided for the 99-year LH land at Bendemeer road will need to be cheaper than $1000 psf. But is it possible? It's nearer to MRT and has the advantage of better view. Hmmm... But UE bought it from HDB for $543mil or $774 psf in April 2011. Looks like UE will still price it expensively.



  4. #24

    Default

    Found all the floor plans here
    http://www.riviera38.net/cn/type.html

    The 742sqft 2 bedder not bad, minimum bay window and balcony not too big.




  5. #25

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    Have to walk about 600m to Serangoon Road. This is only to take a bus going away from city. Walk another 600m to the mrt stn or to the bus-stop that is going to the city. Got to drive if stay over here. Pity residents at airstream too.
    Quote Originally Posted by azeoprop
    Found all the floor plans here
    http://www.riviera38.net/cn/type.html

    The 742sqft 2 bedder not bad, minimum bay window and balcony not too big.




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