368 Thomson (D11, Freehold, CDL)

[teddybear]

Sure, when Vista Res, Arte, Cube8, & 368 Thomson all completed. The worse is probably Jalan Datoh serving Vista Res & Arte.

that street going to get pretty packed...

[azeoprop]

Actually with all these new projects like the citrine, the arte, vista residences, cube 8 and 368, this corner of balestier has suddenly become upmarket.

[teddybear]

I foresee problems for those with private lift - 1 lift serving 36 storeys. When you are downstair and the lift happen to go up to 35th storey, you have to wait for it to go up and then back down 35 storeys again! That is still small issue. Wait till the 1 & only lift becomes old and is down for maintenance, high floor residents need to claim staircase (climb 36 storeys?)?

Another thing to add, other than the 4 bdrms which have private lifts, the rest of the development is serviced by only 2 lifts. I dunno, is that an ok ratio?

[kane]

yup it's 4 per floor, with 35 stories, that's 140 units with 2 lifts. Is that pretty average?

1 lift per 2 unit is pretty normal.

[DC33_2008]

Great! CDL shares will go up further!

[amk]

This is the best located among Arte, Vista Residences, & Cube 8 nearby.

absolutely. this is the only location that's ever worth considering. No wonder CDL did it the last.

CDL is really smart. Last time when he bought over all the 4 old blocks there, I thought it will redo it as one nice big project with a Thomson Road address. The area of Cube8 + 368 Concorde (and Arte) together is barely enough for a "decent" condo of 300 units. I had thought it will be something like Sky@11. More facilities and better sizes.

But no, CDL really *maximize* it. Within such tiny plot it manages to do *three* different projects! All without any real decent facilities. All look like pure for rental play.

There are plenty of these type (FH small condos) in Balestier already. And yet CDL managed to make these 3 stand out of the "balestier" cloud.

[mogyi]

I foresee problems for those with private lift - 1 lift serving 36 storeys. When you are downstair and the lift happen to go up to 35th storey, you have to wait for it to go up and then back down 35 storeys again! That is still small issue. Wait till the 1 & only lift becomes old and is down for maintenance, high floor residents need to claim staircase (climb 36 storeys?)?

HUH!!!!! what happen to the fireman lift for emergency? like this die man...better buy 2nd floor ...safer in that sense only need to overcome 40 steps.. i think

[DKSG]

Ask those with private lifts la!

With every private lift, there is always a service lift shared by units with private lift. Like my place, private lift for each unit. 3 units on each floor. One common service lift (which is usually bigger since its for moving bulky items also).

Where in Singapore got one unit one lift, lift spoil must walk down ? Sure got back up one. Dont forget, we are super KS.

HUH!!!!! what happen to the fireman lift for emergency? like this die man...better buy 2nd floor ...safer in that sense only need to overcome 40 steps.. i think

[wesing]

Agent told me that the sold-out 2-bedders started at $1.2 million upward per unit. Still can get sold-out in one afternoon.

[cashrich]

Agent told me that the sold-out 2-bedders started at $1.2 million upward per unit. Still can get sold-out in one afternoon.

Stronger demand for 2 bedders.. make sense for investment and self stay

1 bedder is really too small. Try living in a similar sized hotel room for 1 night and see how you feel?

[azeoprop]

Any idea how come Tan Tong Meng Tower never got enbloc-ed? Its the odd one out now.

[Wild Falcon]

Am I sensing a certain buyers fatigue with studios? They used to be the first to be sold out. 368 Thomson sold mainly 2 bedders; Terrene sold mainly 3 bedders. Food for thought.

BTW, there is another typical D15 low-budget 99 units MM dogbox launching soon in D15 called Haig 162. Each unit around $400+k only.

Stronger demand for 2 bedders.. make sense for investment and self stay

1 bedder is really too small. Try living in a similar sized hotel room for 1 night and see how you feel?

[devilplate]

Any idea how come Tan Tong Meng Tower never got enbloc-ed? Its the odd one out now.

i heard some owners there dunwan to sell...now they goto withstand traffic noise plus 2 construction left and right...

tats y they got to launch 368 and cube8 separately....TTM sits right in between...lol

[devilplate]

Am I sensing a certain buyers fatigue with studios? They used to be the first to be sold out. 368 Thomson sold mainly 2 bedders; Terrene sold mainly 3 bedders. Food for thought.

BTW, there is another typical D15 low-budget 99 units MM dogbox launching soon in D15 called Haig 162. Each unit around $400+k only.

u goto study the flrplan and compare the 1+study vs the 2bedder, facing and price quantum for 368...den u will noe y

i oredi commented dun waste $ on the 1+study and investors r generally very savvy indeed

[teddybear]

Service lift usually have to walk far away and through poorly ventilated corridor & lift itself dirty and poorly ventilated.

Ask those with private lifts la!

With every private lift, there is always a service lift shared by units with private lift. Like my place, private lift for each unit. 3 units on each floor. One common service lift (which is usually bigger since its for moving bulky items also).

Where in Singapore got one unit one lift, lift spoil must walk down ? Sure got back up one. Dont forget, we are super KS.

[Wild Falcon]

?? Most backdoors lead to the service lift. Not far away at all. But won't be as nice as the passenger lifts.

Service lift usually have to walk far away and through poorly ventilated corridor & lift itself dirty and poorly ventilated.

[Wild Falcon]

Rumoured haunted? It was an iconic building in the area- I always remember my dad driving past the building when I was a child. I hope it remains the way it is with the red and white walls.

Any idea how come Tan Tong Meng Tower never got enbloc-ed? Its the odd one out now.

[mogyi]

Service lift usually have to walk far away and through poorly ventilated corridor & lift itself dirty and poorly ventilated.

wow...sounds like some old hong kong estate, i guess it's spooky too with old por por squating by the side staring at you when u walk past. siam ah....

[mr funny]

http://www.businesstimes.com.sg/sub/...91940,00.html?

Published July 10, 2010

Good response to new condos 368 Thomson, The Terrene

By KALPANA RASHIWALA


CITY Developments Ltd (CDL) and UOL Group seem to have struck a chord with home buyers with their latest condo previews.


368 THOMSON
CDL has sold 96 units (of the 120 released in the first phase) of the 36- storey freehold condo in District 11 at an average price of $1,350 psf

CDL has sold 96 of the 120 units released in the first phase of its 368 Thomson condo, as at 5pm yesterday. The average price is $1,350 per square foot for the 36-storey freehold condo in District 11. The project comprises 157 units. CDL said it is releasing more units progressively to cater to demand.

Over in the Toh Tuck/Jalan Jurong Kechil area, UOL released 85 units at The Terrene on the former Rainbow Gardens site and as at 10pm yesterday, had sold about 50 units. The average selling price for the five-storey, 999-year leasehold condo is about $1,250 psf. The project comprises 172 units. UOL is developing the condo jointly with LaSalle Investment Management.

Developers of both projects began sales to their respective staff/directors and former owners of the sites on Thursday, followed by previews to other buyers yesterday.

CDL said prices of 368 Thomson range, in absolute dollar quantum, from $918,000 for the 689 sq ft one-plus-study units to $4.4 million for the 3,391 sq ft, five-bedroom penthouses.

The 96 units sold include all 62 two-bedders in the development and about 12-15 one-bedders as well as one of the condo's two penthouses.

DMG & Partners analyst Brandon Lee described CDL's pricing as 'reasonable and in line with current prices in the area', given that newish projects in the area are fetching between $1,250 and $1,450 psf.

Agreeing, a seasoned property consultant noted that prices of new condos in the Newton area, which is closer to Orchard, are hovering around the $1,700-2,000 psf range.

A back-of-the-envelope calculation shows CDL stands to book pre-tax profit of about $70 million from 368 Thomson. This is the third condo the group is developing in the location. Its first, The Arte at Thomson, was previewed in March last year at an average price of $880 psf, followed by Cube 8 in January this year at $1,250 psf on average.

CDL said that about 75 per cent of buyers at 368 Thomson were Singaporeans, with the rest comprising permanent residents and other foreigners - mainly from Malaysia, Indonesia, China and Hong Kong.

'With its prime District 11 location, freehold status and attractive pricing, 368 Thomson represents an excellent investment opportunity and also good rental potential,' said CDL's group general manager Chia Ngiang Hong.

UOL and La Salle Investment Management on the other hand are targeting primarily owner-occupiers for The Terrene.

'The majority of units sold are two-bedroom apartments, followed by three bedders. Seven penthouses have also been sold,' said Knight Frank managing director (residential services) Peter Ow. Buyers mostly have addresses in the surrounding area - districts 21 (such as Upper Bukit Timah) and 23 (which includes Bukit Batok and Toh Tuck) and comprise a mix of HDB flat dwellers and private home dwellers.

'Most of the buyers are locals,' he added. The 85 units released are priced between $920 psf and $1,480 psf. Knight Frank is marketing Terrene jointly with Jones Lang LaSalle.

The project's 172 units range from one bedders (starting from 506 sq ft) to five-bedroom penthouses (up to 3,025 sq ft).

[mr funny]

http://www.straitstimes.com/Money/St...ry_551756.html

Jul 10, 2010

New Thomson condo units selling well

By Esther Teo


BUYERS have snapped up 96 of the 120 units launched at the 368 Thomson condominium since previews began on Thursday.

The District 11 development was priced at an average of $1,350 per sq ft (psf).

Sale prices ranged from $918,000 for a 689 sq ft one-plus-study flat to $4.4 million for the 3,391 sq ft five-bedroom penthouses.

The 36-storey tower, which will be built on the former Concorde Residences site in Thomson Road, will have 157 units. They comprise 31 one-plus-study flats, 62 two-bedroom units, 31 three-bedders, 31 four-bedroom units and two penthouses.

City Developments (CDL) said it will release more units to cater to demand.

The private preview - for former owners of Concorde Residences, Balestier Court and Bright Building, as well as CDL directors and staff - started on Thursday. The public were admitted yesterday.

Most of the buyers were Singaporeans, with permanent residents and foreigners - mainly from Malaysia, Indonesia, China and Hong Kong - making up 25 per cent, CDL said.

Its general manager, Mr Chia Ngiang Hong, said the strong demand for the project is testament to the popularity of the prime District 11 vicinity.

Buyers will also benefit from the growth cluster in the area, he said.

The developer launched Cube 8, a 36-storey condo comprising 177 units, in January in Thomson Road, on the site of the former The Albany and Thomson Mansion.

The Cube 8 project is next to CDL's The Arte in Thomson, which it began selling in March last year at an average price of $880 psf.

The 368 Thomson estate is expected to be completed in 2015.

Terrene at Bukit Timah has also sold well. More than 50 out of the 85 units launched at the preview sale for developers UOL and La Salle's business associates and staff were taken.

The average selling price for the 999-year leasehold condominium was $1,250 psf.

The project offers over 140 one- to four-bedroom apartments, and 30 three- to five-bedroom penthouses, all with rooftop jacuzzis.

Sizes vary from 506 sq ft for a one-bedder to 3,025 sq ft for a five-bedroom penthouse. The development is expected to be ready by April 2014.

[wesing]

Extracted from The Business Times, Monday, July 12, 2010:

CDL sold another 32 units at its 368 Thomson up to 6 pm yesterday, taking total sales to 128 units. Last Friday, the group said, it had sold 96 of the 120 units released initially in the 157-unit freehold condo, which will be 36 storeys high.

Yesterday, a CDL spokeswoman said that the group released the remaining 37 units progressively over the weekend at a marginal price increase of 2-3 per cent from the initially average selling price of $1,350 per square foot.

"The majority of the 32 units we sold over the weekend were one-plus-study units. We also sold three and four bedders," she added.

Singaporeans made up 75 per cent of the 128 units sold at the District 11 condo.

Over 80% sold in 3 days including 1 penthouse. to CDL shareholders. Probably only left with mainly 4-bedder, a couple 3-bedder and the last penthouse. Seems like the Balestier part of D11 still in hot demand.

[august]

congrats to CDL! can relax and shake leg liao ~

[devilplate]

i nvr noe tat part of balestier is so so HOT! until 368 and cube8 proves me wrong

[august]

i nvr noe tat part of balestier is so so HOT! until 368 and cube8 proves me wrong

is THOMSON u know?! not balestier hehee

[wesing]

i nvr noe tat part of balestier is so so HOT! until 368 and cube8 proves me wrong

Only left with 29 units! Still not too late. What are you waiting for? Chiong liao lah Mai tu liao

[Wild Falcon]

Looking at the size of the units sold, either 1+1, I believe most are investors. This area will be full of 1 and 2 bedders when all TOP - could have negative impact on the rental market. Prime or no prime, it looks like Singaporeans "budget" is really quite low.

[devilplate]

Looking at the size of the units sold, either 1+1, I believe most are investors. This area will be full of 1 and 2 bedders when all TOP - could have negative impact on the rental market. Prime or no prime, it looks like Singaporeans "budget" is really quite low.

even got huge budget, i wud rather choose to buy 2 units instead of 1 unit.

[Wild Falcon]

But it also means most are investors right? Which means when TOP, everyone will be competing for tenants.

even got huge budget, i wud rather choose to buy 2 units instead of 1 unit.

[devilplate]

But it also means most are investors right? Which means when TOP, everyone will be competing for tenants.

actually, those who bot into any new launches r mostly investors. even if they say it is for self stay, they will tend to sell if price is right. for those who really nid a roof, will only consider resale or gg to TOP projects.

its like i intend to keep WB for self stay...but who noes 3yrs later i might change my mind

[bargain hunter]

no leh, no response to the very good sales by cdl shares and ironically fell 10c instead.

Great! CDL shares will go up further!