View Full Version : FH Albracca at Meyer Road gunning for en-bloc
PropVestor
16-06-17, 20:32
http://www.propertyguru.com.sg/property-management-news/2017/6/154397/the-albracca-at-meyer-road-up-for-en-bloc-sale
When will it be my turn....sigh
http://www.propertyguru.com.sg/property-management-news/2017/6/154397/the-albracca-at-meyer-road-up-for-en-bloc-sale
When will it be my turn....sigh
Soon
PropVestor
16-06-17, 21:52
Hope so too bro but we failed thrice already. My neighbour Hawaii Towers is going for $1 billion some years ago (along with DC charges) which by today standards not as inconceivable as before.
Maybe some China/SG consortium will shake down Meyer Road finally. I should stop daydreaming and get back to my work.
Hope so too bro but we failed thrice already. My neighbour Hawaii Towers is going for $1 billion some years ago (along with DC charges) which by today standards not as inconceivable as before.
Maybe some China/SG consortium will shake down Meyer Road finally. I should stop daydreaming and get back to my work.
They need to prepare for the HK coming over, they left with 30 years.
PropVestor
28-06-17, 01:32
What I was told by my agent.
*Amber Park is launching enbloc sale again for the 4th time. The last time, mid-July 2015, they failed to attract a bid at ＄744m (＄1225 psf-ppr) reserve price . This time they appointed JLL as their marketing agent.
*Thomson View and Pearl Bank Apartments are also relaunching collective sales. Both have appointed Colliers Int'l to be their marketing agent. For Pearl Bank, this is their 5th attempt at enbloc.
*According to JLL, there are over 30 projects at various stages of the collective sale process at present.
Looks like it's really happening.
Not sure how true but my 2 cents worth of news.
PropVestor
20-07-17, 20:52
http://m.todayonline.com/business/albracca-meyer-road-sold-s691-million-en-bloc-deal
Deal for $69.12mil!
What I was told by my agent.
*According to JLL, there are over 30 projects at various stages of the collective sale process at present.
By now, I think easily 50+
PropVestor
21-07-17, 00:58
By now, I think easily 50+
It's increasing by the day when news of land get priced upwards like no tomorrow. Talking to developers now.
PropVestor
21-07-17, 11:09
There is a unit there 3,700 sqft, top floor which pocketed $7.1mil based on this price. Can buy a landed FH in this area.
It's increasing by the day when news of land get priced upwards like no tomorrow. Talking to developers now.
can share share
tonymontana
22-07-17, 10:45
http://m.todayonline.com/business/albracca-meyer-road-sold-s691-million-en-bloc-deal
Deal for $69.12mil!
Propvestor, is it your condo??
sidenote: quite sad to see this building go as I like the architecture with all the curves and rounded balconies. now it will be replaced by a nondescript square glass box, no doubt.
PropVestor
22-07-17, 23:59
Propvestor, is it your condo??
sidenote: quite sad to see this building go as I like the architecture with all the curves and rounded balconies. now it will be replaced by a nondescript square glass box, no doubt.
No such luck sir. I'm down the road. 65 units. $318mil reserved price. Wait long long.
No such luck sir. I'm down the road. 65 units. $318mil reserved price. Wait long long.
ya, this one needs to wait long long
Have a friend staying there, refuse to sign....
$1409 psf ppr? A 12.8% jump from Martin Place’s $1249 psf ppr done last year.
LOL, but the development will be small la.
The smallest 1658 unit seller gets “slightly under $4 mil …”, so transacted at at most $2412 psf. Not bad, seller can buy ccr lo.
anythingwhatever
26-07-17, 07:39
https://www.theedgeproperty.com.sg/content/sustained-land-buys-albracca-69-mil
http://www.propertyguru.com.sg/property-management-news/2017/7/156742/the-albracca-sold-collectively-for-69m
Saw somewhere that the new development is gunning for $2500psf... Wow. :o
anythingwhatever
26-07-17, 07:41
"The development will be sea-fronting with unblocked views across Katong Park and the sea, he added. He hopes to launch the units of the completed development at S$2,300 to S$2,500 psf."
https://www.srx.com.sg/singapore-property-news/39182/albracca-condo-at-east-coast-sold-for-s691m
$2300 - 2500 psf at East Coast... :)
PropVestor
26-07-17, 11:55
The Line and Fulcrum poor performance coupled with high $2,100-2,300 Psf has proven that it does not work for small land of such size even at this location. Though they are both FH. They better think harder and build higher. Pity the apartment right behind this development. City views only.
The Line and Fulcrum poor performance coupled with high $2,100-2,300 Psf has proven that it does not work for small land of such size even at this location. Though they are both FH. They better think harder and build higher. Pity the apartment right behind this development. City views only.
Agree. if i am the developer, I'll do a `Far East'. I'll sell the units as 103LH and keep the land for my next generation. Or...I'll do a `Peter Lim', build a condo just for my family and friend's use.
PropVestor
26-07-17, 15:57
My friend who is a developer knows that according to URA plans, Meyer Road will be landlocked. The forest that has been reclaimed will be for future developments in the coming years. The concept plans has hinted of this and the TEL is an important catalyst.
http://www.mnd.gov.sg/landuseplan/e-book/files/assets/basic-html/index.html#page14
Once the desalination plant and TEL are completed, the land use will intensify. My drone runs confirms this and standing from Duo 31st storey, I have a clearer overview from another angle. That is one of the reason why this phase of en-bloc run is rather important for owners like me to exit. Nothing lasts forever even for premium sea facing condos along Meyer Road. Clock is ticking.
2 cents,
PropVestor
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