View Full Version : URA Prince Charles $960psf
Property cheong ah....
Another record for Prince Charles Crescent area....
Land sold at $960 psf ppr
phantom_opera
20-09-12, 17:54
Unbelievable, the quantum is 516m :scared-3:
I have a bad feeling about this becoming Sky Habitat II ... the selling price has to be at least 1700psf !!!
The 2nd bid (CDL?) is very close at 946psf
UOL / FEO ranked 5/7th @ 860psf thereabout ... :scared-3:
http://www.ura.gov.sg/pr/graphics/2012/pr12-105a.pdf
Guess this transaction is the one that gives the confidence
ASCENTIA SKY ALEXANDRA VIEW Condominium 1 1,650,000 958 Strata 1,722psf Jul-12
Unbelievable, the quantum is 516m :scared-3:
I have a bad feeling about this becoming Sky Habitat II ... the selling price has to be at least 1700psf !!!
The 2nd bid (CDL?) is very close at 946psf
UOL / FEO ranked 5/7th ... :scared-3:
http://www.ura.gov.sg/pr/graphics/2012/pr12-105a.pdf
Guess this transaction is the one that gives the confidence
ASCENTIA SKY ALEXANDRA VIEW Condominium 1 1,650,000 958 Strata 1,722psf Jul-12
who is behind the winning bid? Wing Tai?
phantom_opera
20-09-12, 18:04
luxurious tender front page already sealed the result of this project :p
http://www.ura.gov.sg/sales/PrinceCharlesCr/Launch/intro(L).jpg
http://www.ura.gov.sg/sales/PrinceCharlesCr/imagesOthers/aerial.jpg
http://www.ura.gov.sg/sales/PrinceCharlesCr/imagesOthers/locplan(S).jpg
phantom_opera
20-09-12, 18:13
it is no wonder Raffles Ed Corp must now buy land in JB instead of Singapore ... it is only 30m for 18.5 hectare land !!!
SINGAPORE-listed Raffles Education Corporation has inked a deal with Iskandar Investment Bhd to buy a land plot for Raffles American School (RAS) - its first foray into pre-tertiary education.
The company will pay about RM75 million (S$30 million) for the 18.5-hectare land in EduCity, in Iskandar Malaysia's Nusajaya area.
Iskandar Investment Bhd is the commercial arm of the Malaysian government that has been formed to spearhead the development and transformation of Iskandar Malaysia.
The proposed permanent campus, designed by the New York architectural firm of Skidmore, Owings & Merrill, will have 300,000 square feet of built-up space for 2,000 students.
it is a good site with useful squarish plot.
maybe they will hard sell the canal as "river" lol.
it is a good site with useful squarish plot.
maybe they will hard sell the canal as "river" lol.
GCB view for sure.
GCB and City view. The park connector is nice....goes all the way to Great World City. But it's further from Redhill MRT than Tanglin Regency/View, Ascentia Sky and the Met. However at that price, I don't expect the residents there would be taking the MRT anyway.
it is no wonder Raffles Ed Corp must now buy land in JB instead of Singapore ... it is only 30m for 18.5 hectare land !!!
SINGAPORE-listed Raffles Education Corporation has inked a deal with Iskandar Investment Bhd to buy a land plot for Raffles American School (RAS) - its first foray into pre-tertiary education.
The company will pay about RM75 million (S$30 million) for the 18.5-hectare land in EduCity, in Iskandar Malaysia's Nusajaya area.
Iskandar Investment Bhd is the commercial arm of the Malaysian government that has been formed to spearhead the development and transformation of Iskandar Malaysia.
The proposed permanent campus, designed by the New York architectural firm of Skidmore, Owings & Merrill, will have 300,000 square feet of built-up space for 2,000 students.
yup and i heard they will be teaching karate as a COMPULSORY subject :scared-1:...for self defence...:D:D:D
I read that there is view restriction to the north where the GCB and embassies are. Wonder what they will do & it will affect the design of the condo.
I read that there is view restriction to the north where the GCB and embassies are. Wonder what they will do & it will affect the design of the condo.
apt got NO WINDOWS...:D:D:D
Shoeboxsupporter
20-09-12, 20:25
yup and i heard they will be teaching karate as a COMPULSORY subject :scared-1:...for self defence...:D:D:D
Don laugh, heard Malborough Colleage doing extreme well ! Full liao ! :D :D :D
If priced at 1700 psf you think got people buy?
bakasa2002
20-09-12, 21:25
If priced at 1700 psf you think got people buy?
Compared to Sky Habitat, definitely! :)
If priced at 1700 psf you think got people buy?
double confirmed
Allthepies
20-09-12, 22:59
1700psf they don't earn much... anyone has any idea who is the second joint bidder Metro Australia Holdings? Is it related to Metro Holdings Ltd?
phantom_opera
20-09-12, 23:03
Wing Tai and UE ... not sure about this Australia :beats-me-man:
Wing Tai and UE ... not sure about this Australia :beats-me-man:
Wing tai missed the boat for te past 3 years so now must bid high high...
Wing tai missed the boat for te past 3 years so now must bid high high...
I recalled reading an article in the ST about one month back. The ceo was saying that the market is going down and the company is not active in bidding and accumulating land bank (something to this effect). And then they go bid high high ... Wow. Don't know what to say!
I recalled reading an article in the ST about one month back. The ceo was saying that the market is going down and the company is not active in bidding and accumulating land bank (something to this effect). And then they go bid high high ... Wow. Don't know what to say!
i was thinking of the exact same article when i saw this thread :doh:
I recalled reading an article in the ST about one month back. The ceo was saying that the market is going down and the company is not active in bidding and accumulating land bank (something to this effect). And then they go bid high high ... Wow. Don't know what to say!
Yes. You're right. They tried to talk down the market but everywhere, the land bid price is going higher & higher.
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1221332/1/.html
this site is the extreme fringe of D10. 99yrs LH (super sian).
better go get the freehold and better located RV Edge, Stellar RV and RV Suites now while they are still below $2000 psf.
Allthepies
21-09-12, 07:33
ascrentia sky will be sold out soon? ; )
Shoeboxsupporter
21-09-12, 09:24
I recalled reading an article in the ST about one month back. The ceo was saying that the market is going down and the company is not active in bidding and accumulating land bank (something to this effect). And then they go bid high high ... Wow. Don't know what to say!
Change strategy, Wing Tai Malaysia also inactive for 3 years and recently acquiare an expensive land in KL !
with 500m might as well en bloc some free hold site like tulip. they were asking for 500m right?
530 metre walking distance to MRT... still ok lah...
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1221332/1/.html
Wing Tai once tried to follow MR B's tactic to talk down the market.. so that he can buy cheaper later..
But price still going up.. so lan lan end up jump back to the boat again.. :D
maybe they buy high sell low leh?
to walk the talk?
wll.......
Its time we stop listening to all the analysts and gurus lah...
If there are so smart why need to come out and talk so much...
Buy and sell can make lotsa of money whey still need to work?
I once had a friend who told me that she has a friend that works as some big shot director in a property firm ok!!! But then dare not commit to buy a property since 2003.... only now buy one.... after market run up so much...
Talk very easy one lah.... ask them commit more than 1m then got inertia...
This wing tai boss really funny.... classic case of trying to talk down the market so that he can bid for a few pieces of land to get in the market, but nobody listen to him so he can't beat them then join them lah lolx...
But seriously, the way the market is going up now, I also blur... will it stay up, will it go further up or will it go down? tough call now...
But if you look at the way Singapore is building our infrastructure like MRT, roads, gardens, museums, art gallery, tourist attractions, like river safari, while HKG is full of pollution, jams, no parks, cramp buildings, too many people and yet the price is 2x ours then you wonder will one day people discover Singapore is really a gems and bid our prices up till HKG prices.
Let me quote another example.... those Gen Y people 18-30s generation hates HKG.... they have no past experiences of HKG when SIN was still catching up with HKG, so when they visited HKG, they say nothing to do...
While I am haring comments from Hongkongers..... that SIN is really happening and FUN!!!! I mean, when was the last time you hear hongkongers say SIN FUN!!!!
So I really feel SIN is really a Gem.... prices might go up...
But then not sure if gahmen will allow prices to go up much more or not...
Tough call....
PS: I am no analyst, just TCSS only :D
with 500m might as well en bloc some free hold site like tulip. they were asking for 500m right?
They asking for 1150 psf = 650m....
I think if Tulip now put itself back on the enbloc market now sure at get buyer...
The farrer road and farrer drive GLS land sale LH99 years already 1100psf liao....
I think D'leedon will start to have brisk sales very soon....
WT is a poor developer.
you are right man...their development so so only...
Did you see Tessarina?
So many units but the pool so small and the clubhouse so close to the pool, no place to walk at all man
I do not believe up is the only way to go but I do have the same feelings as you. There are so many developmental inertia (real ones) pushing the market along.
I visit HK twice a year and the taxi drivers seem interested to visit our new attractions. Comparatively, SG's living environment is much better and the air is cleaner. As to why I still visit HK regularly, it is for the traditional markets, watches and roast goose!
Its time we stop listening to all the analysts and gurus lah...
If there are so smart why need to come out and talk so much...
Buy and sell can make lotsa of money whey still need to work?
I once had a friend who told me that she has a friend that works as some big shot director in a property firm ok!!! But then dare not commit to buy a property since 2003.... only now buy one.... after market run up so much...
Talk very easy one lah.... ask them commit more than 1m then got inertia...
This wing tai boss really funny.... classic case of trying to talk down the market so that he can bid for a few pieces of land to get in the market, but nobody listen to him so he can't beat them then join them lah lolx...
But seriously, the way the market is going up now, I also blur... will it stay up, will it go further up or will it go down? tough call now...
But if you look at the way Singapore is building our infrastructure like MRT, roads, gardens, museums, art gallery, tourist attractions, like river safari, while HKG is full of pollution, jams, no parks, cramp buildings, too many people and yet the price is 2x ours then you wonder will one day people discover Singapore is really a gems and bid our prices up till HKG prices.
Let me quote another example.... those Gen Y people 18-30s generation hates HKG.... they have no past experiences of HKG when SIN was still catching up with HKG, so when they visited HKG, they say nothing to do...
While I am haring comments from Hongkongers..... that SIN is really happening and FUN!!!! I mean, when was the last time you hear hongkongers say SIN FUN!!!!
So I really feel SIN is really a Gem.... prices might go up...
But then not sure if gahmen will allow prices to go up much more or not...
Tough call....
PS: I am no analyst, just TCSS only :D
CCR, I like your analysis. Here's mind
1. Price drop only if major recession and people lose their jobs. So when will this happen is the question?
2. I dont think anytime soon. Why? US and Europe are in shit. They have already pumped in so much money. They will not want this to go to waste. So everytime things begin to look bad, they pump in again. QE1, QE2, Operation twist, QE3, etc.....
3. They cannot take the pain. I remember 1997, they forced Asia to go on austerity measures before loan can be approved. Malaysia rejuected. Thailand and Indo caved in. But now, they cannot do it.
4. Hot money will continue to come here. How long is anybodies guess. But definitely >1 year. After 1 year, reassess.
5. If not for cooling measures, the prices would have sky rocketed.
6. Because of CM, we prevented a big bubble forming.
7. Land price bids are still high.
So my take is you will see gradual rise of property prices. If it hits double digit %, additional CMs will kick in. So, slow and steady. There will be shocks here and thereover the next few months, like Greece next payment. That is when the stock market will drop and people start to worry, then another round of loan will resolve it and stocks rally again. Just an example.
I am looking at certain key dates for stock play to go in and out. haha.
This is just me doing the TCSS walk. Take all this with a pinch of salt. I am no guru, just coming here to TCSS.
luxurious tender front page already sealed the result of this project :p
http://www.ura.gov.sg/sales/PrinceCharlesCr/Launch/intro(L).jpg
http://www.ura.gov.sg/sales/PrinceCharlesCr/imagesOthers/aerial.jpg
http://www.ura.gov.sg/sales/PrinceCharlesCr/imagesOthers/locplan(S).jpg
WINGSTARRRRRRRRRRRR
hmm quite close to the new Interpol Global Complex
even wing tai is itching for a piece of the action after taking a long break.
Change strategy, Wing Tai Malaysia also inactive for 3 years and recently acquiare an expensive land in KL !
Maybe they were influenced by Mr B and they missed too many boats so now cheong ahhh!
Like your analysis too
Peak nowhere near. QE injection into the world not ending. US will commit to do whatever it takes to prevent deflation and slipped into what Japan is now. Fed always committed to do inflation targeting and recently unemployment targeting. So I would say this property cycle will last as long as our interest rate due to them is kept low low. It could be 7-8 years to a decade. They promised 2013 interest rate, 2015 interest rate and maybe interest rate till 2018 later on? :) don't know what Mr B is thinking
CCR, I like your analysis. Here's mind
1. Price drop only if major recession and people lose their jobs. So when will this happen is the question?
2. I dont think anytime soon. Why? US and Europe are in shit. They have already pumped in so much money. They will not want this to go to waste. So everytime things begin to look bad, they pump in again. QE1, QE2, Operation twist, QE3, etc.....
3. They cannot take the pain. I remember 1997, they forced Asia to go on austerity measures before loan can be approved. Malaysia rejuected. Thailand and Indo caved in. But now, they cannot do it.
4. Hot money will continue to come here. How long is anybodies guess. But definitely >1 year. After 1 year, reassess.
5. If not for cooling measures, the prices would have sky rocketed.
6. Because of CM, we prevented a big bubble forming.
7. Land price bids are still high.
So my take is you will see gradual rise of property prices. If it hits double digit %, additional CMs will kick in. So, slow and steady. There will be shocks here and thereover the next few months, like Greece next payment. That is when the stock market will drop and people start to worry, then another round of loan will resolve it and stocks rally again. Just an example.
I am looking at certain key dates for stock play to go in and out. haha.
This is just me doing the TCSS walk. Take all this with a pinch of salt. I am no guru, just coming here to TCSS.
even wing tai is itching for a piece of the action after taking a long break.
Look at their cash balance sheet 800million. OMG
Look at their cash balance sheet 800million. OMG
I SCREAM ICE-CREAM
Even China is lending support to Euro...
When those who complain buy their BTO flats, they will naturally become sellers in 5 years time. They will complain why price never go up!:doh:
phantom_opera
22-09-12, 12:12
Germany more trustworthy than ben, obama and wall street ... Gold Hit all time high again in euros
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