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Thread: The Minton (D19, 99 years leasehold, Kheng Leong)

  1. #41

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    From my memory, I think the Ave 3 site was bid at $563psf base on total gfa.
    So the developer's breakeven should be about $900-$950psf. I do not think they will sell at $1000psf. Should be around $1100psf. Won't be surprise if they launch at $1200psf considering the current price of new launches.

    Made me glad that i confirmed my Primo purchase in Mar which is below $1Kpsf and its Freehold and nearer to MRT.


  2. #42

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    Quote Originally Posted by aLEX Soh
    From my memory, I think the Ave 3 site was bid at $563psf base on total gfa.
    So the developer's breakeven should be about $900-$950psf. I do not think they will sell at $1000psf. Should be around $1100psf. Won't be surprise if they launch at $1200psf considering the current price of new launches.

    Made me glad that i confirmed my Primo purchase in Mar which is below $1Kpsf and its Freehold and nearer to MRT.
    but Primo is boutique devt....


  3. #43

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    One of the touted selling point on this project is the "perceived" proximity to Serangoon MRT and the "happening" NEX which is opening this year and The Minton only TOPs in 2014?

    With this thought, wouldn't it be better to go for projects like The Yardley or Sunglade with instant yield (not high though).


  4. #44
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    Quote Originally Posted by aLEX Soh
    From my memory, I think the Ave 3 site was bid at $563psf base on total gfa.
    So the developer's breakeven should be about $900-$950psf. I do not think they will sell at $1000psf. Should be around $1100psf. Won't be surprise if they launch at $1200psf considering the current price of new launches.

    Made me glad that i confirmed my Primo purchase in Mar which is below $1Kpsf and its Freehold and nearer to MRT.
    I think you may be right.
    Quote Originally Posted by Reporter, The Springbloom, 8 October 2009 9.28 am

    15 bids received for residential site at Serangoon Aveune 3
    Channel NewsAsia
    Wednesday, 7 October 2009, 1900 hrs

    The Urban Redevelopment Authority (URA) received 15 bids at the close of the tender for the residential site at Serangoon Avenue 3 on Wednesday.

    The site, which was originally on the Reserve List of the Government Land Sales Programme, was launched for public tender on September 9. The 99-year leasehold site has an area of about 13,877 sqm and a maximum permissible GFA of 38,857 sqm.

    Intrepid Investments submitted the highest bid of S$221.2 million, followed by Tuas Hi-Tech Park at S$195.9 million and Keppel Land at S$190 million. The lowest bid of S$120 million came from Lippo Estates.

    Li Hiaw Ho, Executive Director, CBRE Research, said: "The popularity of the Serangoon Avenue 3 site is evidenced by the 15 bids that were submitted as well as their price quantum.

    "Developers are very confident of this site because it is situated next to the Lorong Chuan MRT station and is close to the Australian International School. It is also close to amenities in Serangoon Gardens and the upcoming shopping mall, nex, at Serangoon Interchange station."

    CBRE said the top bid of S$221.2 million works out to S$529 psf ppr and is 164% above the reserve price of S$83.7 million.

    "This price will likely translate into a breakeven price of about S$900 psf to S$950 psf for the future condominium project to be built on this site. Based on this breakeven estimate, the possible selling price could range from S$1,000 psf to S$1,100 psf," said Li.

    Recent caveats of nearby properties - The Chuan, a 999-year leasehold condo development, and the freehold Goldenhill Park - showed selling prices ranging from S$830 to S$1,000 psf, while those in the 99-year leasehold The Springbloom were selling at S$600 to S$700 psf.

    URA said a decision on the award of the tender for the Serangoon Avenue 3 site will be made after the bids have been evaluated.


  5. #45

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    Any buying mood impact if the two famous budget hotels next door still serving hourly chicken essence?


  6. #46

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    Quote Originally Posted by bullman
    One of the touted selling point on this project is the "perceived" proximity to Serangoon MRT and the "happening" NEX which is opening this year and The Minton only TOPs in 2014?

    With this thought, wouldn't it be better to go for projects like The Yardley or Sunglade with instant yield (not high though).
    if u think this way...therefore concludes tat new project will benefit older resale projects nearby. HUAT!

    Imagine new project launch at 800psf...den yardley/sunglade goto drop price to 600psf?


  7. #47
    Be Heard, not the Herd
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    With 1,150 units, I think it is too crowded. Can't imagine trying to use the facilities there. Also, there will be a jam every morning and evening when vehicles move in and out of the condo. The roads around it do not look like they can be widened much.

    Former Minton Rise only had 342 apartments.


  8. #48

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    When i looked at the facilities, there is indeed quite a bit here. also remember reading that it is 7 football fields in space. Wonder how this stacks up in terms of land space and facility when compared to the interlace. (in terms of design, imho Interlace wins - no fight, in terms of price Minton is better)


  9. #49

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    The 1 bedroom stack 43 seems quite good, overlooking the lush forest broadwalk and pools.


  10. #50

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    I must say that the facilities are comprehensive. However, with 1000+ households, not sure how it will pan out when it is fully occupied.

    Quote Originally Posted by fclim
    With 1,150 units, I think it is too crowded. Can't imagine trying to use the facilities there. Also, there will be a jam every morning and evening when vehicles move in and out of the condo. The roads around it do not look like they can be widened much.

    Former Minton Rise only had 342 apartments.


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