The next condo name will be D'Isaster
The next condo name will be D'Isaster
Or maybe they should name it D'inosaur for the sheer size and the time they took to launch it.
Originally Posted by azeoprop
*one person likes this*Originally Posted by azeoprop
haha funny ~Originally Posted by azeoprop
» China buyers home in on S'pore properties
Business Times: Wed, Nov 24
(SINGAPORE) Home hunters from China are becoming a force to be reckoned with in Singapore, and their presence could grow further as the authorities on the mainland and in Hong Kong clamp down on real estate speculation. Analysing the caveats lodged...
(SINGAPORE) Home hunters from China are becoming a force to be reckoned with in Singapore, and their presence could grow further as the authorities on the mainland and in Hong Kong clamp down on real estate speculation.
Analysing the caveats lodged, property consultancy DTZ found that the Chinese accounted for 20 per cent of private home transactions involving foreigners and permanent residents (PRs) in the third quarter. This proportion is the highest since official data was available from 1995.
The Chinese became the second-largest group of non-Singaporean buyers, on a par with Indonesians. Malaysians took top spot with a 21 per cent share, and Indians ranked fourth with 14 per cent.
On the whole, foreigners and PRs accounted for 23 per cent of the 7,888 private-home transactions in the third quarter.
Singaporeans bought the majority of homes and had a 73 per cent share. Companies were involved in the remaining 3 per cent.
The presence of Chinese buyers has grown significantly since 2007, DTZ said. Just a quarter earlier in Q2, they made up 17 per cent of non-Singaporean private home buyers, coming in third behind Malaysians and Indonesians.
Their share of transactions 'may go up further as recent property market curbs in China could prompt more mainland Chinese buyers to turn their attention overseas', DTZ said.
The Chinese government has introduced a raft of rules to cool the property market in the last few months. These include a suspension of mortgages for third homes, higher interest rates, and larger down payments for homes. A property tax is now said to be on the cards.
Hong Kong has also stepped up efforts to weed out property speculators.
Just a few days ago, the authorities imposed a special stamp duty on property transactions with short holding periods - those reselling their properties within six months would be taxed as much as 15 per cent of the total transaction amount.
Chinese buyers are probably expecting limited upside from investing in property at home as more measures come into play, said Credo Real Estate executive director Ong Teck Hui. As a result, some of them could turn to Singapore.
Anecdotally, quite a number of Chinese also buy property in Hong Kong, so rule changes there would also have an effect, he added.
Savills residential director Phylicia Ang agreed that policy tightening on the mainland could lead more Chinese property buyers here. But she pointed out that many purchase homes in Singapore not so much for investment, but because they become PRs or have family members studying here.
'Singapore is one of those cities that they are comfortable with,' said Knight Frank managing director (residential services) Peter Ow.
A number of them become acquainted with the property market here through their private bankers or local developers with offices in China, such as Far East Organization, he added.
The topic of foreigners buying property in Singapore is a touchy one, especially at a time of rising home prices. Singapore has introduced several measures to keep the property market stable since September last year.
On Monday, Finance Minister Tharman Shanmugaratnam said that 'the government will continue to monitor the situation closely and take additional steps, if necessary, to ensure financial stability and sustainable asset markets'.
Most property consultants do not expect the authorities here to tighten policies as sharply as Hong Kong did - at least for the time being. The rate of price escalation for non-landed private homes has slowed in the third quarter and the government may wait to see how prices move for the rest of the year, said Credo's Mr Ong.
The market will be watching CapitaLand's launch of D'Leedon closely for signs of where private home prices are headed. A preview of the project is said to be taking place this week, with asking prices mostly above $1,600 per square foot.
Source: Business Times © Singapore Press Holdings Ltd.
wasted....
big prime land, nice views....silly name? lol
King Residence, residences@farrer, King's xxx(park, palace etc also sounds better?)
D' anything is just stupid. Want to sound classy but comes across as ah beng trying to be classy.Originally Posted by valkri
Especially as most are grammatically incorrect - " De " means "of" in French but is shortened to "D' " if the following word starts with a vowel.
L is a vowel? I have no idea what French people must think of us murdering their language.
Should have just stuck to Farrer Court. Simple and unpretentious. But I think this might do very well? It appears the bros here are quite excited? 1km to NYPS and "GCB" address (Leedon wor!) Cannot imagine >1700 units though. Would be a nightmare just to drive out of the place. I don't find the location very prime. If there is one area that I think is overvalued, it is Holland Road/Ulu Pandan vicinity. No future development - near GCBs but it is not a GCB but an ordinary condo. Close to the Farrar MRT station but that station probably needs to take 2 stops to interchange at Buona Vista which means it is actually further from the city than Clementi. That's why the developer needs to use the "Leedon" name to make the place more appealing. Otherwise, the area is ordinary.
The address is ### king's road.
I have seen the released site plan and floor plan. Very irregular shape due to the petal design.
Traffic out from this condo is going to be a challenge. The empress rd into farrer rd is closed at morning and evening peak hrs.
they may change the traffic flow since its such a big development and its BECOZ its capitaland?
Originally Posted by amk
D'SIAOSIAO
King's Residences would be fantastic!
Or Kingkong Residences
wah lau like that also can meh ? during peak hr if u stop the flow at that traffic light, huge jam is going to happen.Originally Posted by bargain hunter
today vvvvvip booking ... let's see any news tomorrow ...
99LH with 1750 units in a location with no unique attributes other than having some GCB nearby. This is as mass market as can be if one look at the merit of the development and not attribute a snob value to the GCBs. One must be truly desperate to get their child into NYPS to squeeze into this leasehd monstrosity.
Is there any further incentive to stay in D10 since ratio could be 1:10 for school of choice? The upside will be restricted.
that's what i think. when all the new condos are completed, all those branded schools along bukit timah will require balloting within 1km. not worth it any more.
Originally Posted by rattydrama
given such a huge # of units...wud there be 2 entrances/exits?
the flrplan not too bad...only toilets r odd shaped BUT still got baywindows and planters although not excessive
the view towards the GCB shd be quite nice? >10th flr shd be quite nice oredi
usually phase 1 buyers will make some $$ IF developer increase their prices later on and given high breakeven cost of around 1350psf, is 1600-1800psf a gd entry point?
Did the developer top up the lease to 2010?
Surely they do.. If not who would want to buy??? Maybe 2009 not 2010.
This Farrer court was enbloc-ed in 2007. So the lease start from 2007 and not 2010?
This is true for sales of The Minton, lease start 27/07/2007.
I like this, king gong also can.Originally Posted by condolisa
Yes I think there r 2. One at leedon side, one at king's rd side.Originally Posted by devilplate
Abt bt timah school balloting, starting from last yr all have to ballot within 1yr already. So no much diff.
The only thing that does standout is, the location is indeed central enough. If u could figure out a way to get into holland rd , or farrer rd.
recvd sms stating first 100 units of 2bedders promotion from 1400psf (first 14th flrs) via chq balloting....
trying to cr8 a hype? hmm
I think its clear stock and keep the better ones. How? True?
1400psf sounds reaonable in today market
d'Leedon new condo at former Farrer Court site
Posted: 25 November 2010 2244 hrs
SINGAPORE: A consortium led by developer CapitaLand has unveiled a new development on the site of the former Farrer Court.
Called d'Leedon, the new condominium along Farrer Road will have 1,715 units built on the 840,049-square-foot site.
They comprise 1,703 apartments in seven 36-storey residential towers and 12 exclusive semi-detached houses.
CapitaLand says the residential towers occupy only 22 percent of the site, freeing up a landscaped area of over 650,000 square feet dedicated to greenery and recreational facilities.
The first preview sales to former owners of Farrer Court will be held this weekend, followed by the public launch. This first launch will be for 200 choice units located across all floors in two residential towers, with unit types ranging from one-bedroom-and-study to four-bedroom units. The average price of the units is S$1,680 per square foot.
d'Leedon also features a cluster of 80 units specially designed to be elderly-friendly.
- CNA/ir
saw the fact sheet, lease starts Apr 2010Originally Posted by azeoprop
not going to buy. for that kind of price, one is better off buying two free hold condos in suburban areas, one free hold condo at bukit timah.