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PropertyUpdates
02-10-17, 17:34
New Futura is a brand new luxurious Freehold development by City Developments Ltd. It had just obtained its TOP status and is located at 14 Leonie Hill, Singapore 239193, in the heart of prime location District 9.

This project is anticipated to launch in Dec 2017 or Jan 2018. It is sited on a land size of approximately 87,034 sqft comprising of 2 towers each of 36-storey high. Unit type starts from 2 bedroom, 3bedroom, 4 bedroom and the super luxurious 5 bedroom penthouse with private pool, which is expected to attract many interest from HNWI both from local and overseas buyers.

One of the unique selling point of New Futura is that all the 124 units are equipped with private lift, and extremely generous unit size in today’s standard, ranging from 1098 sqft to 7825 sqft for the super penthouse.

In term of facilities, this new launch offer full condominium facilities including tennis court and the warm concierge service greeting you at the clubhouse.

Pricing wise, New Futura price should range between $2700psf to $3200psf (subject to confirmation).

Actual show suite viewing at New Futura Showflat should be available in Dec 17 or Jan 18, depending on market sentiment during this festive period.

diastan
15-11-17, 10:23
银峰 NEW FUTURA BY CDL

New Futura, a freehold condominium, is located at prime District 9, along Leonie Hill Road. Developed by City Development Limited, the two 36-storeys towers comprise of 124 residential units. New Futura offers a clear and unblocked lustrous view of the city skyline, which includes the majestic Marina Bay Sands and the iconic Singapore Flyer.

You can enjoy an urban lifestyle with top-notched facilities such as luxurious swimming pools, sky gardens, elevated decks, sky bridges, and a wide aluminium canopy all inside New Futura.

Nearby amenities include Orchard Shopping Belt comprising of shopping centres like; ION Orchard, Wisma Atria, Ngee Ann City, Wheelock Place, Scotts Square, etc. as well as exclusive clubs like; The American Club and The Pines Club. Other nearby green spaces include Hong Lim Park, Tanglin Golf Course and Fort Canning Park.

Estimated unit types and sizes:

2 Bedroom 1,098sqft - 1,367sqft

3 Bedroom 1,830sqft

4 Bedroom 2,250sqft - 2,691sqft

5 Bedroom Penthouse 7,836sqft

http://www.newfuturacdl.com.sg/wp-content/uploads/2017/08/New-Futura-Day-1.jpg (http://www.newfuturacdl.com.sg)

http://www.newfuturacdl.com.sg/wp-content/uploads/2017/08/New-Futura-Night-1.jpg (http://www.newfuturacdl.com.sg)

Ayeya
15-11-17, 13:32
looks 2700 psf kind of nice, but def not 3500 psf nice

reporter2
22-01-18, 12:27
18 New Futura units sold at $3,200 psf at launch

PUBLISHED 8 HOURS AGO

https://static.straitstimes.com.sg/sites/default/files/articles/2018/01/22/ST_20180122_BIZLKFUTURA_3702875.jpg

City Developments (CDL) moved 18 units of its high-end condominium project New Futura at an average selling price of $3,200 per sq ft (psf) on the first day of its launch last Thursday.

Market watchers deemed this a decent showing, given that most of the units sold were the four-bedroom and three-bedroom units.

The project has an army of five marketing agencies - PropNex Realty, ERA Realty, Huttons, OrangeTee & Tie and Savills.

CDL said only 25 units were released during the private viewing on Jan 18.

A third of the buyers were Singaporeans, while two-thirds were Singapore permanent residents and foreigners.

"We are very encouraged by the positive response to New Futura. It is a highly anticipated brand-new luxury project with just 124 exclusive units on a site area of 87,000 sq ft," its spokesman said.

The freehold project in Leonie Hill Road is a 10-minute walk from Orchard Road and is designed by internationally renowned architectural firm Skidmore, Owings & Merrill.

The units released for sale are in the South Tower, with prices starting from $3.8 million for a two-bedroom unit of 1,098 sq ft; $5.5 million for a three-bedroom unit of 1,830 sq ft; and $6.9 million for a four-bedroom unit of 2,250 sq ft, according to agents.

The site was acquired by CDL in 2006 for $287.3 million in a collective sale, which worked out to be $1,179 per sq ft per plot ratio.

The project received time extensions for building completion and received its temporary occupation permit last August.

JPMorgan property analyst Brandon Lee estimated that a pre-tax profit margin of 35 per cent can be chalked up, based on an average selling price of $3,100 psf.

Nearby project Gramercy Park was sold recently at $2,800 to $3,000 psf and OUE Twin Peaks, also nearby, at $2,700 to $ 2,800 psf.

Mr Lee reckoned that upcoming projects in the vicinity, such as 8 Saint Thomas, Paterson Collection and One Tree Hill, may be launched earlier than their initially targeted dates to capture the positive buying momentum.

Ongoing projects being sold en bloc may also draw more interest from developers.

In the prime core central region (CCR), there could be up to nine sites offering close to 1,400 units in the first half of the year, said luxury residential brokerage List Sotheby's International Realty, Singapore.

Most consultants are expecting high-end projects to perform well this year. Mr Lee Nai Jia, who heads research at Edmund Tie & Company, said he expects that the number of foreign purchases will continue to grow.

"Firstly, the Singapore residential market is starting to recover compared with other international residential markets, which are peaking or have peaked. Secondly, the prices of Singapore luxury residential properties compared with other gateway cities such as Hong Kong are lower," he added.

Based on his analysis of caveats lodged, purchases by foreigners (non-Singaporeans and non-permanent residents) formed about 14 per cent of non-landed homes sold in the CCR last year.

This is slightly below the proportion in 2016. But in absolute numbers, purchases by foreigners grew from 389 units in 2016 to 567 units in 2017.

According to List Sotheby's, the number of luxury apartments (above $5 million) bought by foreigners and permanent residents in Singapore's CCR last year more than doubled to 202 units.

Mr Leong Boon Hoe, chief operating officer of List Sotheby's International Realty, Singapore, said: "As the Singapore economy recovers and stabilises, we expect the property market to continue to grow at a steady rate, and in particular, for the luxury property sector to lead the market."

Laguna
22-01-18, 14:50
there would be BIG problem to clear the rest... let's wait and see

Kelonguni
22-01-18, 17:17
there would be BIG problem to clear the rest... let's wait and see

That’s what you said about the enblocs being hard to succeed as well.

That being said, the quantum is indeed higher on this one. If it sells well, the whole market will be frenzy mode.

teddybear
22-01-18, 21:24
Whole market? Don't think so. That is only in CCR D9 Orchard area - because CCR is now very cheap after crashing >30% from 2013 peak!
Has OCR crash >30% from 2013 peak? No right!


That’s what you said about the enblocs being hard to succeed as well.

That being said, the quantum is indeed higher on this one. If it sells well, the whole market will be frenzy mode.

Kelonguni
22-01-18, 21:45
Crash 30% still have 3000 PSF meh?


Whole market? Don't think so. That is only in CCR D9 Orchard area - because CCR is now very cheap after crashing >30% from 2013 peak!
Has OCR crash >30% from 2013 peak? No right!

WendyLe
22-01-18, 23:58
New Futura is a new freehold condominium by City Development Ltd at Leonie Hill. It is located near to Orchard Road with reasonable asking prices for a luxurious property.

Visit the New Futura showflat (https://www.newpropertyguide.com/new-futura) to learn more about this project by CDL.

teddybear
23-01-18, 11:12
I am referring to resale properties.
The Marq@Paterson nearby has crashed >40%! Last transaction is about $3800 psf?


Crash 30% still have 3000 PSF meh?

bargain hunter
23-01-18, 13:47
That’s what you said about the enblocs being hard to succeed as well.

That being said, the quantum is indeed higher on this one. If it sells well, the whole market will be frenzy mode.

actually 19 units were sold on 18/1 and all 25 units had already been cleared out by sunday. CDL is under reporting on purpose for the catchy headline of 18 units sold on 18th for block 18.

bargain hunter
23-01-18, 14:02
That’s what you said about the enblocs being hard to succeed as well.

That being said, the quantum is indeed higher on this one. If it sells well, the whole market will be frenzy mode.

as i had updated on the Parc Botannia thread, 7 units sold last sun and 33 sold since 1st Jan. developers have raised prices by about 2%. So we have 2 projects at both ends of the spectrum doing well. for 2018, oxley is gonna launch many many projects and units (in their words "hopefully by august 2018")

bargain hunter
23-01-18, 14:15
Whole market? Don't think so. That is only in CCR D9 Orchard area - because CCR is now very cheap after crashing >30% from 2013 peak!
Has OCR crash >30% from 2013 peak? No right!

with the other 2 launch ready + TOP projects by bukit sembawang (Paterson Collection and 8 Saint Thomas) also in the area, it looks like there will be resale buying interest in river valley/paterson/grange. after martin modern, fraser will also be launching the zouk plot, possibly very close to and just under 3000psf. roxy also bought small freehold plots along river valley and grange road at around 1500psf+. they'll possibly shoebox them and sell at 3000+psf as well.

Ayeya
24-01-18, 13:52
with the other 2 launch ready + TOP projects by bukit sembawang (Paterson Collection and 8 Saint Thomas) also in the area, it looks like there will be resale buying interest in river valley/paterson/grange. after martin modern, fraser will also be launching the zouk plot, possibly very close to and just under 3000psf. roxy also bought small freehold plots along river valley and grange road at around 1500psf+. they'll possibly shoebox them and sell at 3000+psf as well.

2000-2250 psf for river valley freehold is looking like a bargain now

bargain hunter
28-01-18, 20:12
actually 19 units were sold on 18/1 and all 25 units had already been cleared out by sunday. CDL is under reporting on purpose for the catchy headline of 18 units sold on 18th for block 18.

another 6 4-bedders sold. left with only 1 for the south tower.

#27-05 List Price $9,140,000
16% Discount Nett $7,677,600 NETT

bargain hunter
29-01-18, 09:41
36 units sold as of yesterday.

teddybear
29-01-18, 09:51
So what will be expected price of Paterson Collections? (which is nearer Orchard MRT station and even nearer future TEL station and the new shopping mall)


36 units sold as of yesterday.

bargain hunter
29-01-18, 10:20
So what will be expected price of Paterson Collections? (which is nearer Orchard MRT station and even nearer future TEL station and the new shopping mall)

depends on the size i think.

last march, they kelong sold 1 unit to related party at 2377psf. I think if they want to launch this project at > 3000psf, they may need to "take back" that unit as that is too huge a discount to the current market price.

PATERSON COLLECTION PATERSON ROAD Condominium 09 CCR Freehold Resale 1 3,300,000 - 1,389 Strata 01 to 05 2,377 May-17

reporter2
19-03-18, 20:37
CDL prices penthouses at New Futura from S$39.8m each

Ultra high net worth foreign buyers account for over 70% of S$1.3b total sales value at New Futura, Gramercy Park

Wed, Mar 14, 2018

http://www.businesstimes.com.sg/sites/default/files/styles/680x453/public/image/2018/03/14/BT_20180314_KRLUXE1WDW_3349359.jpg?itok=ssoHiY27
Artist's impression of the private pool at one of the two penthouses in New Futura. The penthouses are on the top two floors of the completed project's twin 36-storey towers.


CITY DEVELOPMENTS is pricing its two penthouses at New Futura in Leonie Hill Road from S$39.8 million each, which works out to S$5,079 per square foot based on the strata area of 7,836 sq ft.

The penthouses, on the top two levels of the completed project's two 36-storey towers, have five bedrooms each. In addition to offering 360-degree views of the city, each penthouse comes with a 13-metre private pool, sauna and shower by the pool deck. The penthouses come with a Poggenpohl Entertainment Kitchen located next to the pool and deck. The entertainment kitchen is designed by Porsche and imported from Germany.

The penthouses have finishes like marble flooring, fully-fitted kitchen, wardrobes and bathrooms. However, they are not fitted with interiors like a showflat as high net worth individuals prefer to engage their interior designers, said a CDL spokesman.

Last year, Facebook co-founder Eduardo Saverin picked up the nearly 10,300 sq ft super penthouse at SC Global Developments' Sculptura Ardmore for close to S$60 million - a record absolute price quantum for a penthouse in Singapore. The price he paid is understood to work out to around S$5,650 psf; the penthouse comes with a cantilevered private pool. Both projects are freehold and 36 storeys high.

New Futura, a 124-unit development comprising two towers, is CDL's most luxurious residential development to date.

Among other things it has a two-level basement carpark with 253 "luxury lots" which are slightly larger than normal parking lots. CDL describes 30 of these lots as "ultra-luxury", designed for supercars that are larger in size and with wider doors.

CDL highlighted that ultra high net worth (UHNW) foreign buyers (including Singapore permanent residents or PRs) have purchased a total of S$1.03 billion worth of units at New Futura and another of the group's prime-district freehold condos, Gramercy Park in Grange Road. This made up more than 70 per cent of the total sales value of S$1.3 billion so far in these two developments, CDL said.

Gramercy Park received its Temporary Occupation Permit in May 2016 and New Futura, in August 2017.

The group, controlled by the Kwek family, is upbeat about prospects for Singapore's high-end residential market.

CDL Group's general manager Chia Ngiang Hong, citing Knight Frank's recently published The Wealth Report 2018, said: "By 2022, the population of UHNW individuals in Asia is expected to increase by about 55 per cent, as compared to 2017. We are confident that the rest of our highly anticipated luxury condominiums such as South Beach Residences and The Biltmore will receive similar strong take-up rates."

The 190-unit South Beach Residences is slated for release in either the second or third quarter of this year. CDL has yet to indicate a launch timeframe for the 154-unit The Biltmore, which is in the Cuscaden Road/Orchard Boulevard area.

At New Futura, in District 9, foreigners bought 34 of the 48 units that CDL has sold since it released the development's 64-unit South Tower in January this year. The 34 units have a total sales value of about S$206 million and the overseas buyers who acquired them are mainly from Asia (China, Indonesia and Malaysia).

In all, the 48 units sold in the development add up to about S$302 million, with an average selling price over S$3,200 per square foot. Apartment prices of units sold started from S$3.8 million for two-bedroom units, S$5.5 million for three-bedders and S$6.9 million for four-bedders. Typical unit sizes range from 1,098 sq ft for two-bedders, 1,830 sq ft for three-bedders, and 2,250 sq ft for four-bedders.

A CDL spokesman said the group will release the 60-unit North Tower "in due course".

All units at New Futura come with fully equipped kitchens with Miele appliances and Poggenpohl cabinets, and sanitary ware and fittings from Hansgrohe, Laufen and Geberit in the bathrooms.

At the 174-unit Gramercy Park, CDL released the first tower for sale in May 2016 and the second tower in late March 2017.

It has to date moved 170 units totalling S$1.01 billion in the District 10 project, of which 132 units (S$827 million) were taken up by foreign buyers. The project comprises two blocks of 24 storeys each and the average price achieved exceeds S$2,800 psf.

All four penthouses in the development were bought by foreigners. Two of these penthouses are 5,533 sq ft each; they fetched S$16.88 million (or S$3,050 psf) early last year and S$17 million (S$3,072 psf) last July.

The other two units of 7,287 sq ft went for S$21.86 million (S$3,000 psf) last August and S$24.5 million (S$3,362 psf) last month.

All four units are on the top two levels of the 24-storey project.

While foreigners including PRs make up a high proportion of buyers for the units sold thus far at New Futura and Gramercy Park, the trend does not apply across the board.

According to Edmund Tie & Co's analysis of URA Realis data as at March 12, Singaporean buyers snapped up 75 per cent of the 21,858 non-landed private homes (excluding executive condo units) transacted last year - up from a 72 per cent share in 2016. On the other hand, the share of foreign buyers (including PRs) slipped to 24 per cent last year from 27 per cent in 2016.

CDL noted that The Wealth Report 2018 named Singapore as a favoured destination for property investments among the world's ultra-wealthy, taking the fifth spot based on an overall global ranking.

Among Asian investors, Singapore is the third most-favoured, after the United Kingdom and the United States. The ultra rich are attracted to the quality lifestyle, excellent education system, political stability, strong currency, safety and security that Singapore has to offer.

my2cents
20-03-18, 19:25
70% brought by FTs, good, Spore properties worth some investment !

bargain hunter
11-05-18, 16:20
North tower day 1 launch, units flying off the shelves...

bargain hunter
11-05-18, 18:38
as at 4pm, 10 big 4 bedders and 6 small 4 bedders were sold. only 3 3-bedrooms and 1 2-bedroom unit were sold. everyone going for the big and rare units in the luxury space which are hard to come by these days.

Guest123
25-06-18, 10:44
Hi - any update on this one? I reckon not many units left...


as at 4pm, 10 big 4 bedders and 6 small 4 bedders were sold. only 3 3-bedrooms and 1 2-bedroom unit were sold. everyone going for the big and rare units in the luxury space which are hard to come by these days.

Arcachon
25-06-18, 13:11
Hi - any update on this one? I reckon not many units left...

You want to buy, I will find for you.

maximise
26-06-18, 13:18
Latest price updates on New futura (http://maximise.sg/properties/new-futura/).

2BR/1098sqft starting from $4.033M

Updated as of 22/6/18, price is subjected to changes without prior notice

bargain hunter
17-08-18, 20:58
another transaction lodged in August bringing total caveats to 80 (heard more were sold but no caveats spotted so far)

NEW FUTURA LEONIE HILL ROAD Condominium 09 CCR Freehold Resale 1 $8,000,000 - 2,250sq ft Strata 16 to 20 3,556psf Aug-18

Guest123
20-01-20, 17:52
Anyone knows whether the second penthouse has been sold? CDL said all sold. But I cant find the price of the second penthouse on URA. Not that I can afford - just kaypoh... :-)

bargain hunter
20-01-20, 18:22
Anyone knows whether the second penthouse has been sold? CDL said all sold. But I cant find the price of the second penthouse on URA. Not that I can afford - just kaypoh... :-)

probably paid cash and need not lodge caveat.