PDA

View Full Version : Concourse Skyline (D7, 99 years leasehold, Hong Fok)



Pages : [1] 2

mr funny
28-08-08, 10:39
http://www.businesstimes.com.sg/sub/suite/story/0,4574,294318,00.html?

Published August 28, 2008

Developers weigh odds for launches after Ghost Month

Some may want to test market now rather than risk deterioration in sentiment

By KALPANA RASHIWALA


(SINGAPORE) Some developers have been quietly oiling their launch machinery in the past few weeks as they get ready for previews and launches, especially with the Hungry Ghosts Month ending this Saturday.

http://www.businesstimes.com.sg/mnt/media/image/launched/2008-08-28/BT_IMAGES_KRNEW28.jpg
Boulevard Vue's facade will be designed by well-known Japanese interior designer Super Potato. The freehold project's 26 apartments (one per floor) are about 4,500 sq ft each, while the two duplex penthouses occupying the top four levels are 8,000-plus sq ft and 11,000-plus sq ft.

With the property outlook expected to worsen before it gets better, there may just be an incentive for some to launch their projects sooner - or wait it out till late-2009/2010, a seasoned property consultant told BT.

Another consultant, Knight Frank executive director Peter Ow, said: 'Whatever name you call it - preview, private invitation, etc, the aim is for developers to test the market. If the response is sufficient at the price they want, they'll begin sales. If the response isn't up to what they want, they won't sell. As a developer, you don't want to risk launching a project, selling a few units and getting stuck.'

Projects that have begun to be previewed this month include Far East Organization's 85-unit freehold Miro at the corner of Lincoln and Keng Lee roads (at an average $1,600 per square foot) and a 54-unit cluster housing project at Greenwood Avenue. Units in the 103-year leasehold development range from 3,000 to 3,700 sq ft.

Over at Nathan Road, Tat Aik Group has been inviting potential buyers to view Nathan Residences, a 91-unit freehold project priced at around $2,000 psf on average.

Keppel Land is also expected to release this weekend in Hong Kong and Singapore about 30-40 units under the next phase of Reflections at Keppel Bay.

The average price is expected to be similar to the earlier phase launched around April last year, at about $1,800 to $2,000 psf. Deferred payment is expected to continue to be offered.

Hong Fok Corporation's 360-unit Concourse Skyline apartments at Beach Road, KepLand's 56-unit freehold Madision Residence near the junction of Bukit Timah and Keng Chin roads, and City Developments Ltd's The Arte at Thomson are understood to be other projects that could hit the market soon.

In the high-end segment - where sentiment is weakest - Far East Organization, which has already sold two units at its 28-unit luxury development Boulevard Vue at Cuscaden Road, opened its showflat for the project recently and is expected to step up marketing activity.

The project's 26 apartments (one per floor) are about 4,500 sq ft each, while the two duplex penthouses occupying the top four levels are 8,000-plus sq ft and 11,000-plus sq ft. Prices for low- and mid-level units in the 33-storey freehold project range from $3,600 psf to $3,900 psf.

BT understands the price tag for the bigger penthouse will likely be around the $4,500 psf mark, working out to an absolute sum of about $50 million. If achieved, the absolute amount would set a new record for a penthouse in Singapore.

Boulevard Vue's facade will be designed by well-known Japanese interior designer Super Potato. BT understands that the unit layouts will be customised to buyers' preference.

A critical factor affecting developers' launch decisions is pricing, given the bearish sentiment.

'Pricing will be more realistic for fresh launches, but for projects released earlier, it would be difficult for established developers to trim prices without upsetting earlier buyers, especially VIPs,' the seasoned property consultant said.

Agreeing, Jones Lang LaSalle Singapore's residential head Jacqueline Wong said: 'Such developers may just hold the remaining units in the project if necessary and have another shot at selling them upon the project's completion. For new projects too, the financially stronger players can hold off developing for a while.

'However, developers who are fairly new or need the cashflow will have to be realistic in their pricing and will be more amenable to negotiating with buyers.'

Another industry observer said that instead of outright price cuts, it may be easier for developers to attract new buyers into existing projects by offering furnishing vouchers, guaranteed yields (for newly completed projects) or arranging for attractive mortgage packages.

A mid-sized developer said: 'We have to accept the fact that prices have to be marked to market; otherwise we can't sell enough units to generate the required cashflow. For sites bought within the past 12 months, developers would need to sell at least 50 per cent of the development to generate sufficient cashflow to finance the project's construction - taking into account high land price paid and rising construction costs, among other factors.'

BeachRd_Stayer
29-08-08, 10:53
Any idea what is the price psf ? And when is the launching leh ?

mr funny
02-09-08, 10:06
http://www.straitstimes.com/Money/Story/STIStory_274328.html

Sep 2, 2008 Tuesday

Developers starting to preview projects

With Hungry Ghost month over, condo projects being launched to test market

By Fiona Chan, Property Reporter

http://www.straitstimes.com/STI/STIMEDIA/image/20080901/ST_IMAGES_FIOLAUNCH.jpg
An artist's impression of Reflections at Keppel Bay. Units in a new tower block there were released for sale over the weekend. -- PHOTO: KEPPEL CORP

NOW that Hungry Ghost month is over, property developers are starting to line up project previews and launches to test the market.

Keppel Land released a new high-rise tower block at its Reflections at Keppel Bay on the weekend, putting up a third of the block's 83 units for sale in Singapore and Hong Kong.

About 10 apartments have been sold since Saturday, at an average of just over $2,000 per sq ft (psf). Prices range from $1,500 to $2,300 psf, depending on the floor and the view.

A two-bedroom apartment on a low floor would cost about $1.5 million, according to property agents. Reflections has a total of 1,129 units in six high-rise tower blocks and 11 low-rise villa blocks.

Also on the weekend, Far East Organization invited interested buyers to its showflat for Miro in Lincoln Road, which sources say will be launched in about two weeks.

The freehold 85-unit development is priced at around $1,700 per sq ft (psf) on average, they said. Prices start at about $1.6 million for a one-bedroom studio loft of 990 sq ft.

Also available in the 32-storey tower are two-bedroom units of 1,302 sq ft and three-bedroom lofts at more than 1,600 sq ft.

A boutique project at nearby Moulmein Road starts previews this weekend with plans for a launch next Monday.

Mulberry Tree has 32 freehold units and a 'retro-style' facade, said an agent marketing the development. Indicative prices have been set at $1,300 to $1,500 psf. They start at less than $700,000 for the smallest apartment.

Agents said the two-bedroom flats, of about 710 sq ft each, would cost around $900,000. The project is forecast to be completed at the end of 2011.

Developer Hong Fok is expected to preview its Concourse Skyline in Beach Road later this month. Prices are likely to range from $1,600 to $2,000 psf, with two-bedroom units priced upwards of $1.8 million, The Straits Times understands.

The 360-unit development is slated to be completed in 2013.

Tat Aik Group has also started to preview its Nathan Residences, which will be developed on the former Nathan Court in Nathan Road.

Sales are expected to start this week, with prices in the region of $2,000 psf, said marketing agents. One-bedroom units will start at $1.2 million and two-bedroom apartments are likely to go for $1.6 million.

[email protected]

mr funny
10-09-08, 01:24
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/374771/1/.html

Hong Fok launches 360-unit residential property at Concourse

By Ng Baoying, Channel NewsAsia | Posted: 09 September 2008 2004 hrs

http://www.channelnewsasia.com/imagegallery/store/phpTlVqx7.jpg

SINGAPORE: The 88 serviced apartments at the Concourse will be redeveloped into a 360-unit residential property. Developer Hong Fok Corporation said the 99-year leasehold units will be "priced to sell" in today's softer property market.

Ninety units of Concourse Skyline will be launched over the next few days in Singapore and Hong Kong. They will be sold at a price of between S$1,580 and S$1,800 psf – about S$1.3 million for a single bedroom unit.

Joseph Tan, executive director, Residential, CB Richard Ellis, said: "This year, in terms of a broad range of transactions, we still see transactions between S$1,500 and S$3,300 psf. So in a sense, we are a bit below that. That's why it's priced to sell."

Hong Fok said while the current serviced residences saw occupancy rates hover around 90 per cent, those units only used up about 60 per cent of the total space available. The remaining 40 per cent was wasted on corridor space.

The developer will tear down the current two towers and rebuild them with the same facade at an estimated S$200 million.

Hong Fok said construction costs are expected to soften by the time building works start in early 2009 and the development will be ready for accommodation by end-2012.

Concourse Skyline will offer a view of the Marina Bay Sand integrated resort and the Singapore Sports Hub.

Units at the 40-storey and 28-storey towers will be designed by top architect Philip Cox, and will include one- to four-bedroom apartments, sky suites, penthouses and super penthouses.

Hong Fok is positive on market sentiment and said it has already received enquiries on about 25 units.

Cheong Sim Eng, executive director, Hong Fok Corporation, said: "With the buyers on hand, we wouldn't want to wait. We have planned this more than two and a half years ago. With the F1 coming, we don't need to wait for a better time to launch."

Analysts from DTZ and CB Richard Ellis noted that three multi-billion-dollar projects – the Kallang Riverside, the Ophir-Rochor Corridor and Marina Bay – surround Concourse Skyline, putting it in good stead for capital appreciation and future rental potential.


- CNA/so

mr funny
10-09-08, 10:28
http://www.straitstimes.com/Money/Story/STIStory_277012.html

Sep 10, 2008 Wednesday

Soft launch for Beach Road condo

By Joyce Teo, Property Correspondent


THE weak property market has forced developer Hong Fok Corp to shun the traditional glitzy condo launch in favour of a 'soft' release of some flats for its new Beach Road project.

The firm is initially releasing 90 flats in the 360-unit Concourse Skyline. An additional 30 units may be sold if demand is strong enough.

'If we can sell 120 units, we'll call it a day,' said Hong Fok director S.E. Cheong. 'We would hold back the rest until the market improves.'

Prices for the one- to four-bedroom apartments will be between $1,500 and $1,800 per sq ft (psf) - or from just below $1 million to around $4.2 million. Sea-facing units will cost $300 psf more than those facing the city, said Mr Cheong.

The 99-year leasehold project near Kampong Glam, next to Parkroyal Hotel, has two tower blocks - one with 40 storeys, the other, 28. About 60 per cent of the flats are one-bedders of about 800 sq ft and two-bedders of around 1,000 sq ft. There are also some penthouses.

There will be a podium block with shops on the first storey and 18 units that Hong Fok will keep for rental. Hong Fok will spend about $200 million to build the Concourse Skyline.

mr funny
10-09-08, 10:29
http://www.businesstimes.com.sg/sub/companies/story/0,4574,296242,00.html?

Published September 10, 2008

Hong Fok launches Concourse Skyline

Developer releasing 90 residential units in first phase

By EMILYN YAP


MAINBOARD-listed property developer Hong Fok Corporation yesterday launched the first phase of a new residential development on Beach Road - the Concourse Skyline.

http://www.businesstimes.com.sg/mnt/media/image/launched/2008-09-10/BT_IMAGES_EYHF10.jpg
Clearly prized: The site is at the heart of major attractions such as the upcoming Marina Bay IR

Comprising two towers and a podium complex, the 99-year leasehold development will house 360 units when completed in 2013. Units consist of one to four-bedroom apartments and penthouses, with one-bedroom apartments making up some 40 per cent.

Hong Fok is releasing 90 units in the first phase, and average sale prices could range from $1,500 to $1,800 per sq ft (psf) for the apartments. One-bedroom units, for instance, can go up to 893 sq ft. None of the development's 10 penthouses will be released for now.

The Concourse Skyline is 'priced to sell', said Hong Fok's director SE Cheong, adding that prices would have been higher had the units been sold when the property market was stronger not long ago. He estimated that the first phase could be sold out in a month.

DTZ and CB Richard Ellis are marketing the property and according to DTZ's executive director of research Ong Choon Fah at a media briefing yesterday, 'this project has generated a lot of interest from investors as well as potential owner-occupiers'. Besides Singapore, potential Hong Kong buyers will also get a preview.

One of the Concourse Skyline's selling points is its location. Some units offer sweeping waterfront views, and the site is at the heart of major attractions such as the upcoming Marina Bay integrated resort and Gardens by the Bay.

'We are confident of the location,' said CBRE executive director of residential services Joseph Tan, explaining why the launch went ahead in today's quieter property market.

'We believe there is strong underlying demand in the Singapore market for appropriately priced and unique developments,' Hong Fok's Mr Cheong said.

Depending on take-up for the first phase, Hong Fok could release another 30 units in the next phase.

Mr Cheong said that he would be comfortable holding back remaining units for later launches once around 120 units are sold.

Hong Fok also announced yesterday that it is developing a 68-unit serviced apartment project at the Mid-Levels in Hong Kong through its subsidiary, Winfoong International.

The project is slated for completion in early 2010.

Hong Fok shares closed half a cent higher at 50.5 cents yesterday.

concourse
12-09-08, 12:49
View from the showflat at 38th floor.

http://img204.imageshack.us/img204/654/photo789dee854ei8.jpg

http://img516.imageshack.us/img516/645/photo792ded663pj2.jpg

http://img129.imageshack.us/img129/1816/photo790deb7a0vs9.jpg

BUYBUY
12-09-08, 23:49
Great views.. Great place.. Great price too ..
I think tis is a good buy at 1500 psf.
What do you think ?

status
16-09-08, 17:56
Any updates of the no of units sold so far for this project ? Reckon any impact on the US meltdown on sales ?

Rational
16-09-08, 20:09
Any updates of the no of units sold so far for this project ? Reckon any impact on the US meltdown on sales ?

What impact can that be? The construction costs today already hit nearly the replacement costs. Prices will definitely sustain even if not going up further.

strong response
19-09-08, 18:05
Concourse Skyline records strong residential sales in Singapore

Source: 17-SEP-2008 Intellasia | Hong Fok

Sep 17, 2008 - 7:00:00 AM

Leading property investment and development company, Hong Fok Corporation, has received a strong response for their new Singapore residential development, the Concourse Skyline. Private previews held over the past week have sold more than 70% of the apartments released in the first phase.

Hong Fok director SE Cheong said that more than 60 of the 90 apartments in the first release put on sale at private preview over the past week sold at average prices ranging from US$1,500 to US$1,800 per square foot.

"We are delighted with the excellent sales result we have achieved with the Concourse Skyline. This outcome is confirmation that there is strong underlying demand in the Singapore market for well-located, unique and appropriately priced developments� and the Concourse Skyline meets these criteria," Cheong said.

Following the success of the private launch and in response to public demand, Hong Fok Corp will release additional apartments commencing this Friday 19 September. The Concourse Skyline's show flat, which is located on Level 38 of the office tower of The Concourse, is open daily from 10.00am to 6.00pm.

The Concourse Skyline is ideally located at the centre of Singapore's new "action" zone. Over-looking the newly developed pit lane of the Singapore GP, the proposed Singapore Sports Hub, and the upcoming Marina Bay Integrated Resort, the location will offer buyers buzz and excitement year-round, with potential for capital appreciation and strong rental incomes.

Complementing the action activities are the attractions of the nearby Singapore Flyer and the future Gardens by the Bay, and an unmatched location next to Singapore's convention and business centre.

The development, designed by internationally renowned architect Philip Cox, includes 40-storey and 28-storey residential towers and offers a range of one-to-four bedroom apartments, skysuites, penthouses, and super penthouses. The development is targeted at city-dwellers seeking an exciting and fast-paced lifestyle in one of Singapore's future prime property districts.

To enhance the living experience, the Concourse Skyline offers residents the opportunity to retreat to a Sky Garden on the 29th storey, or enjoy the recreational facilities of a lap pool, gym, hot spa and jacuzzi, and barbecue area on the 5th floor.

About Hong Fok

Hong Fok Corp is a public company listed on the Singapore Exchange. Over the decades, Hong Fok Corp has developed, managed and invested in an extensive portfolio of high grade properties, including condominiums, landed housing, serviced apartments, hotel, offices, retail, factories, and warehouse developments. The company has a track-record of developing stand-out buildings and projects, such as the Hyatt Hotel, the La Ventura, and Grangeford. Current investment properties held by Hong Fok Corp include the International Building and The Concourse.

For more information contact:

Piet de Jong

Baldwin Boyle Shand

Ph: +65 6538 9211

HP: +65 9830 7311

E-mail: [email protected]

banker
20-09-08, 22:28
more than 100 units sold!

recession
22-09-08, 08:42
Whoo hoo!!!!!!!!!!! Thaman says that SG will go into technical reccession soon!!!!!!!!!!!

T. Shanmugaratnam
22-09-08, 09:44
Whoo hoo!!!!!!!!!!! Thaman says that SG will go into technical reccession soon!!!!!!!!!!!
It is wrong of you to misquote me. Please be a responsible netizen.

I said "it is possible". I did not say "it will" or "it will soon".

I did say "it is too early to make a prediction and much depends on developments in the U.S.".

Unreg¡stered
22-09-08, 09:53
more than 100 units sold!
Wow! Cool! Keep it up!

Property supporter
22-09-08, 12:34
Wa, somemore can see F1 night racing right from the sofa, cool!!! Maybe I will buy 1 today.

100units
22-09-08, 15:42
Hallo... More than 100 units of Skyline sold ???
Are you sure ?

beach
22-09-08, 16:19
last I heard , about 70 units sold, not 100

Joe6816
22-09-08, 16:59
last I heard , about 70 units sold, not 100


yup, somewhere there

F1view
25-09-08, 16:25
If can view F1 ... wheel... marina bay etc.. fireworks at new stadium.. tis one should do well leh..

MRT
25-09-08, 21:26
$1500 psf seems attractive, but that is for the 3-4 rms..what abt the 1-2 rms? shd be more..and i think the smallest area being 1-rm is already 800+ sqft. So gross easily over $1million..I will be surprised if this project is 80% sold..

F1Team
26-09-08, 00:21
errr, Singapore GP only has the F1 rights for 5 years (2008-2012). Concourse Skyline will TOP in 2013.... For all we know, 2012 is the last year F1 will be held in Singapore............ *Fingers Crossed*

Unreg¡stered
02-10-08, 15:29
errr, Singapore GP only has the F1 rights for 5 years (2008-2012). Concourse Skyline will TOP in 2013.... For all we know, 2012 is the last year F1 will be held in Singapore............ *Fingers Crossed*
You buy CS just to view F1 during 3 days in a year? Siow!
People buy CS because of its view and location, not because of F1. CS has good view and location.

CS
04-10-08, 09:24
You buy CS just to view F1 during 3 days in a year? Siow!
People buy CS because of its view and location, not because of F1. CS has good view and location.
CS is the best!

Readbeforeureply
11-10-08, 04:36
You buy CS just to view F1 during 3 days in a year? Siow!
People buy CS because of its view and location, not because of F1. CS has good view and location.

I shall not go into uncivilised comment like others. Just basically pointing out to the guy who commented that one of the pros of Concourse Skyline is that F1 curcuit (especially Pit Stand) is viewable from CS. But CS won't TOP till 2013 and Singapore GP only has the rights to host F1 in Singapore till 2012. It's not about pple buying CS to watch F1, but abt pple saying that F1 is of the attraction of CS (which is not a sure thing).

URA
16-10-08, 11:51
Private Residential Units Sold in the Month of September 2008

Project Name ...... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Concourse Skyline . RCR ........ 68 ............................. 1,871 ............ 1,592 ............ 1,272

Happy Feet
16-10-08, 11:54
Private Residential Units Sold in the Month of September 2008

Project Name ...... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Concourse Skyline . RCR ........ 68 ............................. 1,871 ............ 1,592 ............ 1,272
Wah lau erh!
Seow liao ah!
$1,871psf.

dreamers
16-10-08, 16:29
Wah lau erh!
Seow liao ah!
$1,871psf.

Not seow la. I tell you, there are still alot of cash rich people now scooping up expensive properties. Whether got recession or not, they will still buy.

I went up to the showroom and my GOD, the view was like living in fantasy.

buy
16-10-08, 16:49
The poor will never understand how the rich spent

Will the poor drop by at Equinox and have a meal or a

snip of wine there? I doubt so

will you spent one dish at 50 dollars there?

Dreaming
16-10-08, 16:52
Not seow la. I tell you, there are still alot of cash rich people now scooping up expensive properties. Whether got recession or not, they will still buy.

I went up to the showroom and my GOD, the view was like living in fantasy.



Ya rite... with the " Slums " in the surrounding ...Arab street and all. SO depressing ..... It is only good if you buy the bay view and on the high floor . If not , better off with in project like The Sail ....or else not worth the money

Question
16-10-08, 16:56
Ya rite... with the " Slums " in the surrounding ...Arab street and all. SO depressing ..... It is only good if you buy the bay view and on the high floor . If not , better off with in project like The Sail ....or else not worth the money
So which type and floor did you buy?

Dreaming
16-10-08, 17:03
So which type and floor did you buy?


Not buying yet...still waiting for developer to release the bay view ..must be high floor and reasonably priced .If not , am waiting for South Beach to be launched . Would be interesting to watch.........

Unregistered101
17-10-08, 12:13
Not buying yet...still waiting for developer to release the bay view ..must be high floor and reasonably priced .If not , am waiting for South Beach to be launched . Would be interesting to watch.........

Where is South Beach?

god
17-10-08, 14:47
Love makes life a paradise?

F1 moving
19-10-08, 15:20
Its very likely that F1 will be shifted to a purpose built race track in few years.
It is too disrupting to hold the race on a street circuit in CBD.

So dont count on that F1 view yet. Anyway buying a property at start of a recession is really naive.

Dreaming
20-10-08, 09:21
Where is South Beach?



check out this link :http://business.asiaone.com/Business/My+Money/Property/Story/A1Story20071204-39578.html

Unregistered1111
20-10-08, 09:51
Where is South Beach?

I still prefer my SouthBank, it is the best of all in that area.

dreaming
20-10-08, 10:03
I still prefer my SouthBank, it is the best of all in that area.



Whatever la....

99yr waste of time
25-10-08, 14:10
southbank and citylights are 99y projects, waste of time


I still prefer my SouthBank, it is the best of all in that area.

99 years old
25-10-08, 21:19
southbank and citylights are 99y projects, waste of time
The question is do you have time to live that long. 99 years, i don't think you can live to that years from now. Singapore had so much changes in the property market over the last 30 years. So many enbloc, so many SERs (HDB), and rebuilt so many 40 to 50 storey HDB in the estate. Ask yourself, do you gain from the property you buy to stay ( not invest ) over the years, if yes, than why worry about 99 or freehold, we all don't live that long.

Question
25-10-08, 21:52
The question is not about how long you live, it is about what you own.


The question is do you have time to live that long. 99 years, i don't think you can live to that years from now. Singapore had so much changes in the property market over the last 30 years. So many enbloc, so many SERs (HDB), and rebuilt so many 40 to 50 storey HDB in the estate. Ask yourself, do you gain from the property you buy to stay ( not invest ) over the years, if yes, than why worry about 99 or freehold, we all don't live that long.

Unreg¡stered
28-10-08, 19:43
Wah lau erh!
Seow liao ah!
$1,871psf.
Unbelievable!

Question
07-11-08, 21:04
Private Residential Units Sold in the Month of September 2008

Project Name ...... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Concourse Skyline . RCR ........ 68 ............................. 1,871 ............ 1,592 ............ 1,272

Wah lau erh!
Seow liao ah!
$1,871psf.
They say this $1,871 is not the best.
Which one is the best? How much?

Real Estate Pundit
17-11-08, 14:12
From URA report of September 2008 sale, 68 buyers caveated their purchases.

In October 2008, an additional 2 units were sold. But the units sold now shows 56.

It can only be construed that 14 buyers backed out when faced with 2nd payment of 15% of purchase price.

Better to lose 25% of 5% deposit than sit on further losses.

Reporter
16-12-08, 00:23
They say this $1,871 is not the best.
Which one is the best? How much?
Maybe this $1,838psf one is better?


Private Residential Units Sold in the Month of November 2008

Project Name ...... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Concourse Skyline . RCR ........ 1 ............................... 1,838 ............. 1,838 ............ 1,838

jasonlcl
17-02-09, 16:17
Wonder if the developer going to readjust this project's price?

ozone2002
19-04-09, 23:16
latest transaction $1,052 psf
:)

DW
19-04-09, 23:25
latest transaction $1,052 psf
:)

These are the low floor units, which I understand that the developer has recently adjust the pricing to sell. mainly 7th - 9th floor units facing the pool. Their views (if any) will be nothing like the showflat unit at 38th floor concourse building.

dtrax
21-04-09, 18:24
Still damn exp, the 11th floor for 2rm facing towards flyer and F1 @ mid $15xx psf + throw in free 2 plots of land in front which might have possible developments in future

gfoo
21-04-09, 19:05
what i heard from a japanese piling subcon, who was prewarned by his jap colleagues.

'go to national archives and find out where during WWII the chinese were beheaded and where the heads were displayed as a lesson to all. Then overlay that information with google earth. you'll NOT want to live in that area'

Regulators
26-06-09, 02:44
gives me the creeps man. not sure if heads are hung at the marina bay area like the way heads are hung in london by the river thames...


what i heard from a japanese piling subcon, who was prewarned by his jap colleagues.

'go to national archives and find out where during WWII the chinese were beheaded and where the heads were displayed as a lesson to all. Then overlay that information with google earth. you'll NOT want to live in that area'

gfoo
26-06-09, 09:29
gives me the creeps man. not sure if heads are hung at the marina bay area like the way heads are hung in london by the river thames...

they were hung at the beach road stretch. marina bay didn't even exist then - middle of the sea

jitkiat
26-06-09, 09:49
they were hung at the beach road stretch. marina bay didn't even exist then - middle of the sea

In that case, there are many ghosts everywhere in Singapore ... mainly died of boat/car accidents, suicide, killed by Japanese, killed by British, molested/raped or tortured to death ... :doh:

kengster
04-07-09, 23:06
Anybody knows the latest pricing psf of Concourse Skyline? Care to share?

Went to the showflat a couple of months back. Very nice panoramic view of the Kallang Sports Hub all the way to the Singapore Flyer and the Marina Sands IR. Somemore, with the Nicoll Highway MRT just in front, I thought it has great potential.

The sea-facing units on #07-#13 were priced at 11xx-13xx psf then. Anyone been there since?

vinlow
20-07-09, 10:30
Dropped by the show flat yesterday. Unit #07-xx $1200psf, #12-xx $1700. A big jump once you hit the 12 floor. Anything below all you see are the trees/leaves.



Anybody knows the latest pricing psf of Concourse Skyline? Care to share?

Went to the showflat a couple of months back. Very nice panoramic view of the Kallang Sports Hub all the way to the Singapore Flyer and the Marina Sands IR. Somemore, with the Nicoll Highway MRT just in front, I thought it has great potential.

The sea-facing units on #07-#13 were priced at 11xx-13xx psf then. Anyone been there since?

Property_Owner
20-07-09, 10:58
Dropped by the show flat yesterday. Unit #07-xx $1200psf, #12-xx $1700. A big jump once you hit the 12 floor. Anything below all you see are the trees/leaves.

What pricing for above #12?

vinlow
20-07-09, 15:47
Was told every floor increase another $50k - $100k in quantum value.



What pricing for above #12?

antz1974
23-07-09, 14:13
Hi What is the Pricing for city view?:)

mr funny
21-08-09, 17:18
http://www.straitstimes.com/Singapore/Story/STIStory_419432.html

August 21, 2009 Friday

New condo to get walkway to MRT station

Beach Road private housing project could set new property trend

By Christopher Tan, Senior Correspondent

http://www.straitstimes.com/STI/STIMEDIA/image/20090821/b2-1.jpg
Part of the covered overhead bridge that will link Concourse Skyline in Beach Road to Nicoll Highway MRT station. -- PHOTO: LIM SIN THAI

HOW'S this for a condominium's selling point: Near MRT station. Complete with all-weather walkway.

The new Concourse Skyline in Beach Road could be the first private housing project to have an overhead bridge linking it to Singapore's mass transit system.

Other condo projects are likely to follow, in what could be an emerging trend.

Once it is completed, residents of the 99-year lease Concourse Skyline, being built on a demolished wing of the Concourse complex, will need to walk only about 200m to the Circle Line's rebuilt (and relocated) Nicoll Highway station due to open next year.

The 360-unit condo, developed by listed property group Hong Fok at an estimated $200 million, is expected to be ready by 2013.

Concourse Skyline's unique addition arose from rather unusual circumstances. The original Nicoll Highway station, which was much nearer to the Concourse, would have had an underground link to the former Concourse wing. But when the uncompleted station collapsed, killing four workers in a 2004 construction accident, plans for the underground link were scrapped.

A dispute then ensued between the Land Transport Authority and Hong Fok. Neither party would comment on this, but The Straits Times understands it partly involved the condo developer wanting direct access to the new station. The issue was settled last year, resulting in the overhead residential link.

Why not an underground connection?

'The new Concourse development is no longer a commercial space, and the new MRT station is much farther away,' explained Hong Fok director S.E. Cheong.

The project will be carried out in three stages, the first being the overhead bridge spanning Nicoll Highway. It was completed recently.

Construction of the second stage that links the overhead bridge to the MRT station, complete with lifts and escalators, is under way.

Once the Concourse Skyway nears completion, the final segment joining the condo to the bridge will be built by Hong Fok. Access to this segment will be through a secured doorway, passable only to residents.

Hong Fok had already included the linkway in publicity materials for the condo. The project was launched last year just as the impact of the world financial crisis hit Singapore. Units were then priced at between $1,500 and $1,800 per sq ft. Mr Cheong said yesterday 140 units have been sold.

City Developments' massive $2.5 billion South Beach project - also in Beach Road and targeted to be up by 2016 - will also have mass transit links. A spokesman said the 3.5ha commercial-and-residential project will have underground links to both Circle Line and Downtown Line stations, as well as to CityLink Mall that connects to the City Hall station and Raffles City Shopping Centre.

[email protected]

Reporter
25-09-09, 00:41
Private Residential Units Sold in the Month of August 2009

Project Name ...... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Concourse Skyline . RCR ...... 148 ...................... 10 .......................... 2,200 ............ 1,528 .......... 1,394
$2,200psf is surely a high for CS.

Reporter
05-11-09, 16:22
Private Residential Units Sold in the Month of September 2009

Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Concourse Skyline . RCR ........ 152 .......................... 5 ................................ 2,482 ............ 1,753 ............ 1,439
Concourse Skyline and D7 have a new high of $2,482 psf?

Is this a high for RCR too?

dtrax
05-11-09, 16:32
Concourse Skyline and D7 have a new high of $2,482 psf?

Is this a high for RCR too?

isolated case.. that one is high floor unit but it is hard to believe anyone will pay for that price.. 26th floor @ $2482 compared to sail bayview units at high floor? :scared-1:

Even during June this yr, the high floor units above 20 also not that high.. dunno who is the crazy buyer that bot it

Property_Owner
05-11-09, 18:24
:doh: . Btw where is stack 14 facing? 2482 psf? rather get MBR

bargain hunter
06-11-09, 00:45
no wonder hong fok shares are falling. thought they are so smart make one unit hit record price. now instead of enticing a mad rush, people just stay away from the whole project in horror. :D

Reporter
16-11-09, 13:22
Private Residential Units Sold in the Month of October 2009

Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Concourse Skyline . RCR ........ 160 .......................... 8 ................................ 2,063 ............ 1,781 ............ 1,553
8 in October gave CS a "thumb up"?

Reporter
10-01-10, 21:59
http://www.sph.com.sg/images/logo_sunt.png
Ageing malls going for en bloc sale
Golden Mile Complex is selling with a reserve price of $1,300 psf
Tan DawnWei
The Sunday Times
Sunday, 10 January 2010

http://1.bp.blogspot.com/_kyJztgGLDh0/RuoFvlP-esI/AAAAAAAAA_c/ZadeMTpHO64/s400/ST_IMAGES_JABUILDING_F.jpg
Golden Mile Complex

It may be early days yet but en bloc fever could be making a comeback, and not just for home-owners.

At least two ageing malls are trying for collective sales now that the economic crisis looks to have blown over.

Katong Shopping Centre in East Coast Road has appointed a marketing agent, the Dennis Wee Group. Its collective sale committee has held at least four meetings with the agent in the past 3 months.

At Golden Mile Complex in Beach Road, unit owners said property agents from PropNex went around a few months ago to collect signatures from anyone interested in selling their shops, offices or residence.

Owners said the agency promised them a high reserve price of $1,300 psf, double what was being transacted then.

Mr Winston Low, chairman of Katong Shopping Centre’s collective sale committee, said the mall’s owners talked about selling as far back as 1996. But it was not until 2007 that they decided to take action.

‘The surrounding area was already developed, and we felt it was a good time to try,’ he said, referring to the many residential projects that have come up in the vicinity. You see a lot of successful stories but also lots of disputes. We were very careful,’ he said.

The committee received approval from more than 80% of the 410 owners. About 30% of the 36-year-old mall is owned by Singapura Developments, a subsidiary of City Developments.

Mr Jimmy Teng, investment sales director at Dennis Wee Group, believes the 90,000 sqft site might be prime for another mall – one that is less ‘overwhelming’ than the nearby Parkway Parade.

Mr Low said the committee is working out the apportionment details and has set a reserve price of $2,000 psf.

Apportionment is always the biggest challenge facing a collective sale for mixed developments with multiple owners.

For instance, shop units on the ground floor or those with frontage would likely demand a larger share of the pie compared to less visible units.

Relying on share values and strata areas is not enough, and professional valuations are often needed when doing the sums, said property experts.

‘The challenges may be overcome if the profit element is immense. Part of the solution to overcoming that is to incur more money to get valuers in,’ said Mr Karamjit Singh, managing director of Credo Real Estate.

Property consultant Steven Ming thinks there may be a few launches of mixed-development collective sales this year. ‘We will still need to hold our breath and see if a transaction will materialise as there generally is still a disconnect in price expectations between en bloc sellers and buyers,’ said Mr Ming, Savills’ director of investment sales and prestige homes.

Only a few commercial buildings, including Kim Seng Plaza, Kim Tian Plaza and Ming Arcade, have been sold en bloc in the past few years.

Others, like Paramount Hotel and Shopping Centre, Roxy Square and Parklane Shopping Mall, tried to jump on the bandwagon during the last property boom, but with no success – and, for now, are not trying to do so again.

Mr Ho Eng Joo, Colliers International’s executive director for investment sales, believes land values are not high enough yet for most owners of mixed developments to bite.

The old malls sit on prime land, and the owners are in no great hurry. Still, the price must be right to draw interest from developers.

‘If owners can get their act together, fulfil all the amended laws, get consensus, then developers will of course be keen to look at these developments,’ said Mr Ho.

Reporter
15-01-10, 22:30
Private Residential Units Sold in the Month of December 2009

Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Concourse Skyline . RCR ....... 165 ...................... 3 ............................ 2,042 ........... 1,983 ........... 1,950
Can't break September's new high of $2,482 psf.

kane
16-01-10, 00:20
1300psf for golden mile? i think it'll remain a thai hub for quite a while longer. if developers are dumb enough to buy at that price, what are they going to eat on for profits.

DC33_2008
18-01-10, 15:43
1300psf for golden mile? i think it'll remain a thai hub for quite a while longer. if developers are dumb enough to buy at that price, what are they going to eat on for profits.

Considering Golden Mile is a larger and rectangular site, more units will have better view to the marina and kallang basin. The better view units at concourse is already asking beyond $2000psf. Developers might go for it.

Reporter
02-02-10, 12:17
Annex A
Summary of ESC Key Recommendations

Goal
High-skilled people, innovative economy, distinctive global city
..........
..........

ESC Key Recommendations
We must achieve higher productivity growth of 2 to 3 percent per year, enabling our GDP to grow on average by 3 to 5 percent per year over the next decade.

Increased productivity is not achieved merely through increased efficiency, but restructuring our economy to provide more room for rapidly growing and innovative enterprises.

7 Key Strategies
..........
..........

6. Enhance Land Productivity to Secure Future Growth
a. Plan ahead for a new, vibrant waterfront city, size comparable to Marina Bay by rejuvenating existing port land at Tanjong Pagar, after the expiry of the port lease in 2027.
b. To study, under the Concept Plan 2011, the feasibility of a consolidated port at Tuas in the long term. If feasible, it will increase port efficiency by allowing the port to achieve greater economies of scale in terms of land and operations, and free up existing port land to support new economic activities in the future.
c. Increase land productivity and inject greater land use flexibility – intensify land use to support new and higher value activities; progressively rejuvenate of mature industrial estates; and adopt greater flexibility in land zoning.
d. Enhance diversity of business locations to support a range of enterprise needs - introduce new locations for headquarter functions and new industries in Jurong Lake District and Kallang Riverside Precinct respectively.
e. Invest ahead to create new underground spaces – develop an underground master plan, and create basement spaces in conjunction with new underground infrastructural projects, especially around our transport nodes.

..........
..........

mr funny
16-03-10, 03:07
http://www.straitstimes.com/Money/Story/STIStory_502135.html

Mar 15, 2010

Developer offers to absorb stamp duty

Unusual move in a hot market; experts see it as bid to boost flagging sales

By Esther Teo


THE property market may still be sizzling, but at least one property developer here is offering a carrot which has not been seen in more than a year to entice buyers and boost sales.

The incentive - stamp duty absorption - is usually deployed by nervous developers during market downturns, but is now on offer at the 360-unit Concourse Skyline on Beach Road.

The deal, which can save homebuyers about 3per cent of the price, has been used extensively during market slumps.

However, industry experts say it has not been used since 2008, except on a one-off case-by-case basis.

They say the developer which has advertised the offer, Hong Fok Land, may be trying to ameliorate the effects of recent anti-speculative market-cooling measures unveiled by the Government.

However, some suggest the move may simply be a bid to counter slow sales at the project.

The offer at Concourse Skyline applies to selected units till April17. Hong Fok said the promotion was timed to coincide with the slated opening of the city leg of the Circle Line that same day. It draws attention to the development's accessibility and convenience, a spokesman said.

Stamp duty absorption is similar to the interest absorption scheme which was abolished by the Government last September as part of market-cooling moves.

Under the interest absorption scheme, buyers had to take out a bank loan at the time of purchase but the developer absorbed interest payments until the project's completion.

Property consultants The Straits Times spoke to were unaware of any similar offers being made openly - and said buyers should not hold their breath waiting for more to be touted.

Most said this was likely to be a unique case. The market is still hot, with sales and prices rising, so it is unlikely other developers will follow suit.

Buyers have needed no prodding, with sales of new private homes by developers rising to 1,476 units in January - three times as high as the previous month and the highest level since August last year.

Some property experts said, however, that this unusual move could be aimed at improving poor sales at Skyline.

They said the developer was 'too optimistic about its pricing' - which ranged from $1,500 to $1,800 psf - when it was first launched in September2008.

It was the same month that US investment bank Lehman Brothers collapsed, sparking the global financial crisis.

While 68 units were sold within the first month after the launch, sales have since tapered off to an average of about eight a month over the past 16 months.

A total of 170 units had been sold as of January this year, according to the Urban Redevelopment Authority's website.

Ms Tay Huey Ying, director of Colliers research and advisory, said absorbing stamp duty was a developer's way of enticing homebuyers.

In the past, developers had rolled out gimmicks such as renovation allowances and vouchers for electrical appliances in a bid to boost flagging sales.

Said Ngee Ann Polytechnic real estate lecturer Nicholas Mak: 'These measures (by the Government) are expected to shave off about 1,000 homes sold yearly...So offering absorption of stamp duty might be a way for developers to increase sales.'

Chesterton Suntec International research and consultancy director Colin Tan said that absorbing stamp duty would lower a buyer's costs without bringing down valuation prices, which is a key market indicator cited by developers.

The 'uncommon move', said Mr Steven Tan, executive director of

OrangeTee's residential division, might be to encourage homebuyers to revisit the showflat, since newer launches have served as stiff competition.

Colliers' Ms Tay added that the absorption scheme would cushion the expense of those who might be thinking of selling the property within a year of purchase.

Last month, a seller's stamp duty was introduced to deter short-term speculators. It requires sellers to pay a levy of about 3per cent if they offload a property within a year of purchase.

Hong Leong Holdings' Aalto in Jalan Kechil, near Meyer Road, which first started sales in August 2007, has also seen slower sales with only 118 of its 196 units sold as of January.

However, when contacted, Hong Leong said it would not be absorbing stamp duty for that project.

Concourse Skyline is a 99-year leasehold project consisting of one- to four-bedroom apartments and penthouses. It is expected to be completed in 2013.

[email protected]

shauntanzs
03-04-10, 18:13
Hi all,
I am thinking to buy a unit at CS for investment. Do u think I should get a mid floor city view at 1600psf or sea view at 1800psf? Please advise? What is the most impt things to look out for future rental?

DC33_2008
03-04-10, 18:47
Hi all,
I am thinking to buy a unit at CS for investment. Do u think I should get a mid floor city view at 1600psf or sea view at 1800psf? Please advise? What is the most impt things to look out for future rental?

You have to check the future development behind nicoll highway if you are going for seaview as it may be blocked.

sleek
04-04-10, 01:22
You have to check the future development behind nicoll highway if you are going for seaview as it may be blocked.

Not likely for any highrise development, unless F1 is no longer held in SG. :beats-me-man:

DC33_2008
04-04-10, 07:53
Not likely for any highrise development, unless F1 is no longer held in SG. :beats-me-man:

THE URA MASTERPLAN 2008 SHOWS A LARGE RESERVED SITE IN "YELLOW". THEY MAYBE LOOKING AT WATERFRONT HOUSING / HOTELS IN FUTURE. I DO NOT THINK THEY WILL LET IT GO TO WASTE GIVEN THE SINGAPORE MENTALITY.

shauntanzs
04-04-10, 23:41
The 2 pieces of land sits directly above underground MRT and cannot be develop into high rise building.

Advantages:
1) MRT just 3mins away
2) Potential upside from future south beach development by CDL
3) Strong rental potential since D7 only has Citylight and Southbank
4) Quality finishes - Considered high end finishes
5) Kallang Basin Development and near Marina IR

I really dun understand why this development is not sold out?
1800-2000psf is not really consider high. It squeezed nicely between
southbank and Sail recent price. All 3 are 99LH.

Any expert please advise?

Regards

DC33_2008
05-04-10, 12:28
The 2 pieces of land sits directly above underground MRT and cannot be develop into high rise building.

Advantages:
1) MRT just 3mins away
2) Potential upside from future south beach development by CDL
3) Strong rental potential since D7 only has Citylight and Southbank
4) Quality finishes - Considered high end finishes
5) Kallang Basin Development and near Marina IR

I really dun understand why this development is not sold out?
1800-2000psf is not really consider high. It squeezed nicely between
southbank and Sail recent price. All 3 are 99LH.

Any expert please advise?

Regards

One will never know if you look at the site. It has great potential for garment to maximize the plot ratio on the reserve site given that it is a distance from the nicoll highway stn. This will block the seaview of Concourse skyline.

http://i332.photobucket.com/albums/m356/DC33_2008/concourseskylinesite.jpg

Reporter
15-04-10, 18:04
$2,335 psf?
Can't break September-2009's hïgh of $2,482 psf.


Private Residential Units Sold in the Month of March 2010
Project Name ..... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Concourse Skyline . RCR ....... 187 ....................... 16 .......................... 2,335 ........... 1,660 ........... 1,572

smallant
16-04-10, 21:19
Hmm... At 2xxx psf .. might as well buy the units at adjacent ? The Plaza ? :)

shauntanzs
17-04-10, 20:20
Just bought a unit at cs. Personally, I think location n finishes is much better than waterbank. :)

august
17-04-10, 20:42
Just bought a unit at cs. Personally, I think location n finishes is much better than waterbank. :)

congrats!
#x? psf?

DC33_2008
17-04-10, 21:21
Just bought a unit at cs. Personally, I think location n finishes is much better than waterbank. :)


It has to be better as the price is easily 30-50% more than the unit at waterbank depending on facing and level.

Reporter
17-04-10, 21:21
Just bought a unit at cs. Personally, I think location n finishes is much better than waterbank. :)
congrats!
#x? psf?Congratulations!

DKSG
17-04-10, 22:26
CONGRATS!

Can you share with us why u mention that the 2 sites opp cannot be developed into high rise ?

Would consider this development if I can clear the same issue.

DKSG

shauntanzs
18-04-10, 18:43
Hi, I am not 100% sure. But I understand that after the nicoll highway collapse, that area cannot build anything which goes too deep. The cs linkway to the nicoll mrt originally suppose to be underground but now it has to be above ground. I took a unit at stack 8. Not facing seaview but at least I know i will not be block for view since the Malay village is opposite under conservation. I took a mid-low floor. At around 1700psf. It's really nice to have mrt 200m away and 2 stop to suntec city. Also walking distance to gateway building and bugis. I personally feel great potiential in this development since golden mile is at around 30yrs old n time for revamp. If southbank can fetch 1500psf, why not 2000psf for cs? Only setback is the carpark is not free, need to pay for it. The seaview mid-floor unit is around 1900psf.
One other thing I like about cs is the unit size. It's spacious enough. 800sf for a 1 bedder n 1100sf for a 2 bedder.

urban
18-04-10, 19:55
Only setback is the carpark is not free, need to pay for it.

I like this development too but not suitable for school going children.
How much is the car park fees?

shauntanzs
18-04-10, 20:43
Carpark is 120/m.
Actually I was considering between altez n cs. I admit altez location is better but the development is small n face alot of competition around such as 76 shenton, the clift, lumiere, sail, one shenton etc. For beach road, I feel the competition is not so strong in terms of rental. N no erp when going home. Hehe.. I dun need seaview n if you want to view fireworks, go to the sky terrace.

DC33_2008
18-04-10, 22:26
Carpark is 120/m.
Actually I was considering between altez n cs. I admit altez location is better but the development is small n face alot of competition around such as 76 shenton, the clift, lumiere, sail, one shenton etc. For beach road, I feel the competition is not so strong in terms of rental. N no erp when going home. Hehe.. I dun need seaview n if you want to view fireworks, go to the sky terrace.

Competition will be from Citylights and Southbank with good facing like towards the sportshub, bay and sea. Your close rival will be the Plaza with good view and those units with bay view within CS. Next will be when Southbeach is TOP. Competition will always be there. Just hope for more foreign talents. It will not be an issue if you are staying there.

mwong2009
18-04-10, 22:45
Hi, I am not 100% sure. But I understand that after the nicoll highway collapse, that area cannot build anything which goes too deep. The cs linkway to the nicoll mrt originally suppose to be underground but now it has to be above ground. I took a unit at stack 8. Not facing seaview but at least I know i will not be block for view since the Malay village is opposite under conservation. I took a mid-low floor. At around 1700psf. It's really nice to have mrt 200m away and 2 stop to suntec city. Also walking distance to gateway building and bugis. I personally feel great potiential in this development since golden mile is at around 30yrs old n time for revamp. If southbank can fetch 1500psf, why not 2000psf for cs? Only setback is the carpark is not free, need to pay for it. The seaview mid-floor unit is around 1900psf.
One other thing I like about cs is the unit size. It's spacious enough. 800sf for a 1 bedder n 1100sf for a 2 bedder.

May I know what is considered mid-low floor? Thank you for sharing and congratulations!

shauntanzs
18-04-10, 23:06
I reckon 15-20 to be mid low and 20-25 as mid floor. 26-30 as mid high n above 30 as high floor.

shauntanzs
03-05-10, 22:45
http://forums.condosingapore.com/attachment.php?attachmentid=1562&stc=1&d=1272897905
I chance upon to take a photo at a nearby block. This photo is taken from 13th Storey and will be very close to what my future view will be like...
The view is still acceptable given the low rise malay village opposite my unit. :cheers6:

shauntanzs
03-05-10, 22:47
http://forums.condosingapore.com/attachment.php?attachmentid=1562&stc=1&d=1272897905

I chance upon to take a photo at a nearby block. This photo is taken from 13th Storey and will be very close to what my future view will be like...
The view is still acceptable given the low rise malay village opposite my unit.
:cheers6:

devilplate
03-05-10, 23:49
Just bought a unit at cs. Personally, I think location n finishes is much better than waterbank. :)

CS and WB is different league and animal...

Komo
05-05-10, 23:01
http://forums.condosingapore.com/attachment.php?attachmentid=1562&stc=1&d=1272897905

I chance upon to take a photo at a nearby block. This photo is taken from 13th Storey and will be very close to what my future view will be like...
The view is still acceptable given the low rise malay village opposite my unit.
:cheers6:

I think the feeling will be totally different if what is before the eyes is trees and all trees till the other end.:)

DC33_2008
08-05-10, 08:46
View from a recently TOP southbank unit.

http://i332.photobucket.com/albums/m356/DC33_2008/southbankeastview.jpg

shauntanzs
08-05-10, 14:03
Which floor is that taken from?

DC33_2008
08-05-10, 14:36
Which floor is that taken from?

Mid floor.

BillyCutie
08-05-10, 17:39
Mid floor.
Wow, pretty view. May I enquire which stack?

DC33_2008
08-05-10, 17:42
Wow, pretty view. May I enquire which stack?


It is Stack 8 with no afternoon sun.

Lynn88
20-05-10, 22:17
are you selling?


It is Stack 8 with no afternoon sun.

DC33_2008
20-05-10, 23:41
FROM BALCONY AND LOOK RIGHT.

http://i332.photobucket.com/albums/m356/DC33_2008/DSC03905.jpg

Regulators
21-05-10, 23:39
this view is as good as marina bay and the casino imo


FROM BALCONY AND LOOK RIGHT.

http://i332.photobucket.com/albums/m356/DC33_2008/DSC03905.jpg

hk2313
27-07-10, 15:02
This thread is very quiet.......does anybody have an opinion on this project ?

Remaining 1 bedders with City View are priced between 1840 - 2000 psf (3% higher with IAS)

With Flyer / Marina View, priced at 2300 - 2600

teddybear
27-07-10, 15:46
lousy environment around there.


This thread is very quiet.......does anybody have an opinion on this project ?

Remaining 1 bedders with City View are priced between 1840 - 2000 psf (3% higher with IAS)

With Flyer / Marina View, priced at 2300 - 2600

hk2313
27-07-10, 16:19
u mean in term of facilities etc ?

I dont know D 7 well, and am not in Singapore right now, usually I look at D 11 projects as know better

cashrich
27-07-10, 17:10
haha.... this one got bad luck...

MRT station got moved with the nicole highway incident....

then When they Launched... got Lehman incident....

then the Sport Hub got delayed....

No wonder the interest for this project died.

The developer had no choice but to price high high... and I think they had already priced too high to start with... reason being they are playing landlors for the unsold units.

So I hope that explains the take up rate... bad timing and bad luck. But the views are dammed good.... what a waste.

devilplate
27-07-10, 17:16
they r trying to priced as The Sail...clap2:D

anw, this developer got $ to hold one...last yr only got starbuy for cityview low flr units...i tried my best to nego for high flr cityview units...no chance at all:(

the construction progress so damn slowwwww:confused:

hk2313
27-07-10, 17:19
thx, guess i look at D11 then, Viva or PI or CUBE 8

cashrich
27-07-10, 17:22
agree.. copy sail... pricing also trying to be like sail...

got money to hold?... anyway it seems like they are not going to sell cheap... can dream on.... they rather keep it to themselves for rental if price is not attractive to them. So u have the conclusion. Buy only for consumption. Otherwise... rent it from them better... move on to better ones when they are available. I would think that there might be in time to come. Review prices then.

shauntanzs
27-07-10, 17:52
Agree price is on the high side now and the construction is slow. But people vested in this project looks beyond the revamp of golden mile n upcoming southbank. Heard golden mile if to go enblock will cost new developer 1300psf ppr estimate. This will translate selling price in 1800psf region. Wonder how true is this. Good thing is the view and the finishes. Quite good. And rental should be good with suntec 1 mrt stop away. Got a bank valuation for this project and its in the region between 1800-2400psf depend on stack n floor.

shauntanzs
27-07-10, 18:03
hk123, do you comparison between cube8 and concourse. I nearly vest in cube8 until a developer tot me some wisdom. For rental/cap.appreciation, There are simply too much competition ard thomson cube8 areas. Its nearer to town not CBD so different catchment and not near to mrt. But again, its FH and cheaper vs concourse. For me, i prefer to explore area with lesser competition.

devilplate
27-07-10, 19:19
hk123, do you comparison between cube8 and concourse. I nearly vest in cube8 until a developer tot me some wisdom. For rental/cap.appreciation, There are simply too much competition ard thomson cube8 areas. Its nearer to town not CBD so different catchment and not near to mrt. But again, its FH and cheaper vs concourse. For me, i prefer to explore area with lesser competition.

wah...u noe developer as a fren/advisor?

if u tink concourse got potential...i wud rather u place ur bet on southbank or citylights for lower psf and immediate rental returns

shauntanzs
27-07-10, 19:31
Nah, my father works for 1 of local listed developer. I agree southbank better buy if concourse is 2000psf. If concourse is priced around 1500psf, then i think it has good potential. Agree hongfok is damn greedy and they trying to follow feo by releasing the unit slowly upwards.

devilplate
27-07-10, 19:51
Nah, my father works for 1 of local listed developer. I agree southbank better buy if concourse is 2000psf. If concourse is priced around 1500psf, then i think it has good potential. Agree hongfok is damn greedy and they trying to follow feo by releasing the unit slowly upwards.

the size of a 1bedder in concourse too big for investment

the last transaction only 1556psf for a 18th flr one bedder...subsale?
298 Beach Road #18-10
99 Yrs From 13/03/2008
$1556
829
$1290k
02 Jul 10


even if i have bot a 8-10th flr city facing 1bedder at 1250psf during last yr starbuy....i cannot make much profit...so luckily i invest smwhr else...:D

shauntanzs
27-07-10, 23:22
Wah...300psf profit oso not enough?

smallant
27-07-10, 23:29
Pity... I like tis location...Near amenties and great food ! :)

devilplate
28-07-10, 00:08
Wah...300psf profit oso not enough?

i doubt low flr can fetch so much...subsale somemore...probably can only fetch 1450psf max

imagine pay 1.2xmil for a 1bedder...might as well buy a 2bedder in southbank or citylights:D

proud owner
28-07-10, 01:58
i doubt low flr can fetch so much...subsale somemore...probably can only fetch 1450psf max

imagine pay 1.2xmil for a 1bedder...might as well buy a 2bedder in southbank or citylights:D

many moons ago .. my office was in Concourse .. that time ..got Elvis pub, Maggie+Judy+XXX Teng the 3 sisters' salon ...etc ..

and its outside CBD .. i thot it was damn good .. no need to pay CBD charges ..

agree there are still alot of good food there ...

shauntanzs
28-07-10, 13:01
den go for the 2bedders. 1100sf. Psf oso lower.

cashrich
28-07-10, 13:23
den go for the 2bedders. 1100sf. Psf oso lower.

this project will never be sold out at this pricing.. at least in another year or two...

smallant
28-07-10, 23:26
there is a pc of land nearby.. think red cross or st john.. any idea if govt land ?
should have great potential to sell leh...

shauntanzs
29-07-10, 09:26
with so many old bldgs area n little condo in this area, thats why bank valuation is so high. Southbank fetch 1400-1500psf n mbr fetch 2500-3500psf now. Fair value of skyline should be 1600psf-1800psf i feel. I heard south beach target to launch 2000-2500psf.

devilplate
29-07-10, 13:03
with so many old bldgs area n little condo in this area, thats why bank valuation is so high. Southbank fetch 1400-1500psf n mbr fetch 2500-3500psf now. Fair value of skyline should be 1600psf-1800psf i feel. I heard south beach target to launch 2000-2500psf.

haiz..i haf been waiting for tat southbeach to launch leh....from 2kpsf? We gona HUAT LIAO!:D

cashrich
29-07-10, 13:15
haiz..i haf been waiting for tat southbeach to launch leh....from 2kpsf? We gona HUAT LIAO!:D

wait a while longer... not going to be 2k psf but more..

DC33_2008
29-07-10, 23:25
Heard southbeach site will start work early next year.

land118
29-07-10, 23:46
Nah, my father works for 1 of local listed developer. I agree southbank better buy if concourse is 2000psf. If concourse is priced around 1500psf, then i think it has good potential. Agree hongfok is damn greedy and they trying to follow feo by releasing the unit slowly upwards.

Maybe your father can answer this. When HF announce plan to do skyline, even before approval, i bought into HF shares, after launched and SGX up and down, share price stagnant, even though HF will make a pile from this project. I shld hv invest in skyline when launched rather than buying their shares...:doh:

cashrich
30-07-10, 08:23
Maybe your father can answer this. When HF announce plan to do skyline, even before approval, i bought into HF shares, after launched and SGX up and down, share price stagnant, even though HF will make a pile from this project. I shld hv invest in skyline when launched rather than buying their shares...:doh:

hahaha... wrong timing.. think their shares hit 30+ cents after Lehman before getting back to where they are.. still some gains... but not so good gains.. if u invested elsewhere... 200% or more..

devilplate
30-07-10, 10:27
hahaha... wrong timing.. think their shares hit 30+ cents after Lehman before getting back to where they are.. still some gains... but not so good gains.. if u invested elsewhere... 200% or more..

yeah...HL ASIA rocks!:D

DC33_2008
30-07-10, 11:27
CDL counter is still my favourite.

devilplate
30-07-10, 11:35
which stock/which ppty brings me the most profit will be my HOT FAVOURITE:D :D :D

DC33_2008
30-07-10, 11:46
Not just profit but quick profit. Contra even better as CDL really moves all within a day.

devilplate
30-07-10, 11:56
Not just profit but quick profit. Contra even better as CDL really moves all within a day.

err...me no intra/contra trader...moi only bottom fisher and sells progressively....

DC33_2008
30-07-10, 12:41
Bottom line. Must have holding power for any kind of investments. Can sleep better at night.

shauntanzs
30-07-10, 15:38
now this is the bet. People always compare southbank to concourse becos it is the nearest good condo. But when south beach is up, its concourse vs south beach. Here is the potential i see, 2000psf - 2500psf. Southbank is too far to make that comparison to south beach. Imho.

devilplate
30-07-10, 17:12
now this is the bet. People always compare southbank to concourse becos it is the nearest good condo. But when south beach is up, its concourse vs south beach. Here is the potential i see, 2000psf - 2500psf. Southbank is too far to make that comparison to south beach. Imho.

can wat...both got the word SOUTH:D

cashrich
30-07-10, 17:16
can wat...both got the word SOUTH:D

but prices should head north right? south not so good leh

devilplate
30-07-10, 17:19
but prices should head north right? south not so good leh

sizes head south...psf head north:D

DC33_2008
30-07-10, 17:25
Nearest condo is citylight. Southbank will probably be comparing to condos in the kallang riverside area. Concourse skyline and southbeach may help.
now this is the bet. People always compare southbank to concourse becos it is the nearest good condo. But when south beach is up, its concourse vs south beach. Here is the potential i see, 2000psf - 2500psf. Southbank is too far to make that comparison to south beach. Imho.

cashrich
30-07-10, 17:26
sizes head south...psf head north:D

profound insight!!!!.....

next time 1 better 250 sqf... 200 for bedroom cum living and 50 for tiolet... that's all

DC33_2008
30-07-10, 17:30
Nearest condo is citylight. Southbank will probably be comparing to condos in the kallang riverside area. Concourse skyline and southbeach may help.
now this is the bet. People always compare southbank to concourse becos it is the nearest good condo. But when south beach is up, its concourse vs south beach. Here is the potential i see, 2000psf - 2500psf. Southbank is too far to make that comparison to south beach. Imho.

devilplate
30-07-10, 17:30
1bedder 100sqft enuff la...share common toilet , kitchen and living room....opss...reminds me of my NTU hostel days:D

cashrich
30-07-10, 17:55
1bedder 100sqft enuff la...share common toilet , kitchen and living room....opss...reminds me of my NTU hostel days:D

that one is for the next generation.

I am wondering if they have this flower design...in future

8 units of 100 sqf placed in a circle. In the center are lifts, tiolets and shower facilities. (like swimming pool type). Each 100 sqf room is used solely for sleeping and they share the common area.. when that day comes... PROPERTISM!

land118
30-07-10, 18:45
1bedder 100sqft enuff la...share common toilet , kitchen and living room....opss...reminds me of my NTU hostel days:D

Bro, Hall 1 or 2 ? maybe Hall 3? Think there also bigger than 100sqft?

devilplate
30-07-10, 18:56
Bro, Hall 1 or 2 ? maybe Hall 3? Think there also bigger than 100sqft?

sry bro...my memory is failing me...i cant rem which HALL i stayed b4:o

i can only say i stayed in one of those hostel around 100sqft...twin sharing somemore:( ....

tink over mabe got 150sqft...but really a doghole la...put 2 single beds...2 small study table and 2 small wardrobes lor...in the middle got abit of walking space tats all:ashamed1:

shauntanzs
30-07-10, 23:28
Oh no... this becomes a hostel column...

Concourse catchment will be sandwiched between MBR and Southbeach and its pricing should be the most competitive among the 3.

By the way, is concourse the nearest condo to suntec apart from the plaza?

devilplate
30-07-10, 23:35
Oh no... this becomes a hostel column...

Concourse catchment will be sandwiched between MBR and Southbeach and its pricing should be the most competitive among the 3.

By the way, is concourse the nearest condo to suntec apart from the plaza?

other thread got ppl say buy older resale better!! so buy plaza!!! cheap cheap hooray...y buy concourse!!

the plaza:
7500A Beach Road #28-306
99 Yrs From 03/09/1968
$1102
549
$605k
21 Jun 10
7500A Beach Road #28-301
99 Yrs From 03/09/1968
$1066
474
$505k
08 Jun 10


concourse high flr 1800psf rite? y pay 1800psf when u can get 1100psf at the plaza!!!! hahahahaha....very funny :D

august
31-07-10, 00:05
other thread got ppl say buy older resale better!! so buy plaza!!! cheap cheap hooray...y buy concourse!!

the plaza:
7500A Beach Road #28-306
99 Yrs From 03/09/1968
$1102
549
$605k
21 Jun 10
7500A Beach Road #28-301
99 Yrs From 03/09/1968
$1066
474
$505k
08 Jun 10


concourse high flr 1800psf rite? y pay 1800psf when u can get 1100psf at the plaza!!!! hahahahaha....very funny :D

plaza many tenants r those "singing" gals working at nearby lounges ~~

devilplate
31-07-10, 00:43
i am just trying to make fun of those who keep saying: Y BUY NEW LAUNCHES WHEN RESALE R CHEAPER

U GOT IT?HAHAHA

proud owner
31-07-10, 00:50
i am just trying to make fun of those who keep saying: Y BUY NEW LAUNCHES WHEN RESALE R CHEAPER

U GOT IT?HAHAHA


all these Butterflies ... can be found anywhere and everywhere ...

high end orchard condos also have .. .

shauntanzs
31-07-10, 08:29
dun be so mean lah.. Different people got different tinking mah.. Maybe they like to stay in 40yrs old historic bldgs? My GM bought a 40yrs old condo for 4mil den renovate it for 1mil for own stay simply becos he is attached to that place where he once grew up from.

shauntanzs
31-07-10, 08:31
btw for those interested. Heard the price has been revised down slightly. Good news for those eyeing this property.

DC33_2008
31-07-10, 10:18
Share counter not doing well. HF needs more buyer's cash to continue to pay for superstructure,therefore lower price.

devilplate
31-07-10, 10:46
oo..revised down...tat time they absorbed 3% stamp fees when other developers r launching at high prices...hehe

DC33_2008
31-07-10, 11:02
Should wait further. HF is not Ng Family with strong foundation left by NTF. They have lost income from the demolished buildings and pay development charge for skyline.

DC33_2008
31-07-10, 11:04
Question: View towards the flyer gone someday given some unexplored sites between them?

devilplate
31-07-10, 11:06
Question: View towards the flyer gone someday given some unexplored sites between them?

based on masterplan...there r empty plots of land which might potentialy block the view

just like MBR, those facing seaview....will get potentially block in future

DC33_2008
31-07-10, 11:10
Pay more than $1800psf and get block. Will wait.

cashrich
31-07-10, 11:29
see... smart guys...

seen the units during launch... very tempted to commit... but walked away... lucky man.. then lehman bros saga

same thinking with the blocked views... might as well get those near stadium... still got blocks of land available there...

shauntanzs
31-07-10, 11:39
Get the city view units lor, will never be block. Infront is heritage village. Btw, hf is not shouting for no reason. The front plot above nicholl mrt not going to be high rise buildings for reason many of us noe. FYI, i spoken to the main con of this project, hf already cover all the cost from the sales of 200 units and can sit and wait on the rest of the units. They are not releasing all the high flr units until southbeach launch. Dats what I heard.

DC33_2008
31-07-10, 11:49
The collapse of nicoll highway does not stop one from building high. It takes time to settle and then they will resume. Look at MBR and the sail which are on reclaimed land. Technology on soil consolidation is very advanced these days. Plot ratio around mrt stn will be maximize given they push for green and sustainable issues.It is also to plough back what they have invested in the construction of the underground tunnel. Get citylight and southbank if want city view. One can even see flyer, sentosa from there at much lower $psf.
Get the city view units lor, will never be block. Infront is heritage village. Btw, hf is not shouting for no reason. The front plot above nicholl mrt not going to be high rise buildings for reason many of us noe. FYI, i spoken to the main con of this project, hf already cover all the cost from the sales of 200 units and can sit and wait on the rest of the units. They are not releasing all the high flr units until southbeach launch. Dats what I heard.

cashrich
31-07-10, 12:46
Haha.. this one got bad luck!...

con course

shauntanzs
31-07-10, 19:55
Coming back to fengshui, actually staying near Temple and cemetry is Actually good fengshui location minus the superstitious part.

maisonjai
31-07-10, 22:03
The collapse of nicoll highway does not stop one from building high. It takes time to settle and then they will resume. Look at MBR and the sail which are on reclaimed land. Technology on soil consolidation is very advanced these days. Plot ratio around mrt stn will be maximize given they push for green and sustainable issues.It is also to plough back what they have invested in the construction of the underground tunnel. Get citylight and southbank if want city view. One can even see flyer, sentosa from there at much lower $psf.

heard not easy with those beams buried underneath, station shifted location because of this.

shauntanzs
31-07-10, 22:32
I am an engineering guy. Unless the station is built with prior intention to hold future high rise bldgs, it's very hard for u to simply add things and built up. Give u an example, CCL stage 5 Contract 855 next to Nuh, there is already a plan to build a bldg right on top so the fdn is catered for. Even so, this bldg is only 18 storey. In my humble estimate, I dun think the plot can cater too high a bldg to totally block concourse. Btw the direct mrt linkway is originally planned to be underground, but now has to be above after the collaspe. I think it will more likely be recreational or commercial bldgs cater for the garden bay the bay opps concourse.

DC33_2008
01-08-10, 15:33
Do you mean nothing tall can be built on the reserved sites?

http://i332.photobucket.com/albums/m356/DC33_2008/concourseskylinesite-1.jpg

shauntanzs
01-08-10, 19:51
depending on positioning and height. If u say directly opp concourse, i dun tink it will go above 20sty. If diagonally, den the blocking issue is not there. Few months back my friend wants to buy a 30+ flr unit at concourse but was told not open for sales yet. Not sure if its open now but heard developer keeping them till late stage before selling. By the way, the 39th sty penthouse is priced at a whopping 30mil... Omg

devilplate
01-08-10, 19:59
depending on positioning and height. If u say directly opp concourse, i dun tink it will go above 20sty. If diagonally, den the blocking issue is not there. Few months back my friend wants to buy a 30+ flr unit at concourse but was told not open for sales yet. Not sure if its open now but heard developer keeping them till late stage before selling. By the way, the 39th sty penthouse is priced at a whopping 30mil... Omg

if buy for marina sands/flyer view...den will be blocked....buy facing east coast shd be safe....but den nothing special anymore(just seaview....any of those at meyer/east coast can get seaview oredi)

shauntanzs
01-08-10, 20:47
now meyer oso damn ex. Look at aalto.. 2000psf..

devilplate
01-08-10, 20:49
now meyer oso damn ex. Look at aalto.. 2000psf..

now everywhr ex...i also scare to sell now..sell liao cannot buy back:scared-5:

DC33_2008
01-08-10, 22:46
Meyer has soften in the last few transactions.
now meyer oso damn ex. Look at aalto.. 2000psf..

shauntanzs
02-08-10, 20:33
so meyer or concourse?

jlrx
02-08-10, 21:11
now everywhr ex...i also scare to sell now..sell liao cannot buy back:scared-5:

Sell liao cannot buy back then you will be transferred to another forum called "Straits Times Complainers' Forum".

devilplate
02-08-10, 21:37
Sell liao cannot buy back then you will be transferred to another forum called "Straits Times Complainers' Forum".

there r oredi some here:D

jlrx
02-08-10, 23:04
there r oredi some here:D

They are the water ghosts here to find a replacement body.

If you sell your properties to them, then you will will exchange places with them.

Then you will be transferred to Hell to become the ghost.

shauntanzs
06-08-10, 19:54
Highest psf is $2482 and lowest psf is $1053. Such a big difference. :scared-1:
Median at $1767psf so current price at $1800psf looks fair???

cashrich
03-09-10, 16:57
Buy only if you have CASH!

shauntanzs
22-09-10, 15:04
Singapore and Malaysia have settled a land swap agreement for four land parcels in Marina South and two land parcels in the Ophir-Rochor area.

Good news for Concourse skyline investors.

tkc2263
10-12-10, 10:38
Singapore and Malaysia have settled a land swap agreement for four land parcels in Marina South and two land parcels in the Ophir-Rochor area.

Good news for Concourse skyline investors.

Can substantiate why its good news for Concourse SkyLine Buyers?

DC33_2008
11-12-10, 07:41
How is the sale here after being launched for so long? Construction is rather slow too.

DC33_2008
23-01-11, 12:10
Construction at Concourse is rather slow. Is it because of the slow sales?

shauntanzs
29-01-11, 11:19
They are upgrading the office tower now gearing up to compete with all the new office space.
I heard around 70% sold... Construction up to level 1 only so far.. Really slow

DC33_2008
01-03-11, 12:08
Prices of skyline to move when Southbeach launches???

land118
01-03-11, 14:30
Prices of skyline to move when Southbeach launches???

This project the psf vary quite a bit:

Just check URA,

Private Residential Units* Sold in the Month of January 2011

Total units of project = 360 units
Units launched todate = 220 units
Units sold todate = 218 units

Look like Hong Fok waiting to release at the right time and up their price...

Latest 5 transactions:

296 Beach Road #13-07
99 Yrs From 13/03/2008
$1531
1163
$1780k
05 Jan 11
298 Beach Road #09-10
99 Yrs From 13/03/2008
$1299
786
$1020k
08 Dec 10
296 Beach Road #13-06
99 Yrs From 13/03/2008
$1821
1356
$2470k
16 Nov 10
298 Beach Road #17-16
99 Yrs From 13/03/2008
$1781
807
$1437k
29 Oct 10
298 Beach Road #15-12
99 Yrs From 13/03/2008
$2041
818
$1670k
29 Oct 10

devilplate
01-03-11, 14:58
the psf varies due to cityview vs sea/IR view

its like bayview vs non bayview

DC33_2008
01-03-11, 15:38
Heard that owners have to make progress payment for the foundation. Would have marketed to the Chinese too.

shauntanzs
01-03-11, 23:07
Yup, just pass by today. They just completed the basement and is on level 1 now. Agent told me Hongfok is waiting for Capitol and Southbeach to launch before releasing the balance units.
The developer price is damn high now, if anyone is interest in this project may want to look at subsale instead. They are renovating the office building now.:beats-me-man:

smallant
03-03-11, 07:05
Tis area have huge potential .. Give it time.. the area will transform !

DC33_2008
24-07-11, 10:49
Construction has reach superstructure (4-5 storeys) after a long while. Is subsale active here?

shauntanzs
24-07-11, 11:07
Construction has reach superstructure (4-5 storeys) after a long while. Is subsale active here?

So far only 2-3 and the latest one in June. There are still high floor units left but the asking by the developer is high :scared-1:

DC33_2008
24-07-11, 11:20
Hong Fok is not in a hurry to sell. They may follow FEO which sells fully furnished high floor units in Clift when it is TOP.
So far only 2-3 and the latest one in June. There are still high floor units left but the asking by the developer is high :scared-1:

ecimbew
24-07-11, 11:39
Tanjung Rhu is much better.

DC33_2008
24-07-11, 12:36
Why better based on location?
Tanjung Rhu is much better.

shauntanzs
24-07-11, 13:19
Tanjung Rhu is much better.

Tanjong Rhu no mrt haha

DC33_2008
24-07-11, 13:29
Too many Indian FT over there too. Unless he/she is one of them.
Tanjong Rhu no mrt haha

shauntanzs
24-07-11, 15:50
Too many Indian FT over there too. Unless he/she is one of them.

So how? Buy southbank or concourse? Haha

DC33_2008
24-07-11, 16:00
It depends on your appetite. Buy Emerald Garden.
So how? Buy southbank or concourse? Haha

shawnabc77
16-08-11, 03:10
Concourse Skyline (http://www.concourseskylinesingapore.com) set to rise from the heart of Beach Road. Concourse Skyilne Floor Plans available and Price PSF will be attractively priced to sell. Where an eclectic abundant mix of activities await you, you are privileged with ample unrestricted space to express yourself uniquely. Freedom is your call to discover exuberance that springs to life by residing in Concourse Skyline. Unveil a vibrant lifestyle that is specular, splendid and sensational. Look forward to an unrivalled slew sublime facilities that unfold before your eyes. The beauty of living belongs exclusively to you. Welcome to Concourse Skyline.

Do you want to be the first to get your choice unit of Concourse Skyline at the best price? Never miss a New Launch event again. Get your latest updates from New Launch Singapore.

Best Regards
New Launch Singapore (http://www.newlaunchsingapore.com)

mantrix
16-08-11, 09:14
your adverts do not describe anything, and the same phrases are used over and over again - all cut from a template?

"Where an eclectic abundant mix of activities await you, you are privileged with ample unrestricted space to express yourself uniquely. Freedom is your call to discover exuberance that springs to life by residing in (insert project name here)."

I bet the same attitude applies to your customers as well, if any :tsk-tsk:

bargain hunter
16-08-11, 10:08
and there is already an existing thread on concourse skyline already. :mad:


your adverts do not describe anything, and the same phrases are used over and over again - all cut from a template?

"Where an eclectic abundant mix of activities await you, you are privileged with ample unrestricted space to express yourself uniquely. Freedom is your call to discover exuberance that springs to life by residing in (insert project name here)."

I bet the same attitude applies to your customers as well, if any :tsk-tsk:

shauntanzs
16-08-11, 14:20
FRASERS Commercial Trust (FCOT) has been given the go-ahead to redevelop its KeyPoint building into a commercial and residential development.

The 25-storey development is at the junction of Beach Road and Jalan Sultan. It is currently a fully commercial development with no residential component.

The property comprises a three-storey podium, a 22-storey office tower and a four-storey carpark with 227 spaces.

The terms and conditions of the outline planning permission (OPP) granted to FCOT include rezoning the site from commercial use to mixed commercial and residential use.

The OPP was granted by the Urban Redevelopment Authority.

It allows for a gross plot ratio of 5.0, which translates to a maximum gross floor area (GFA) of 3.6ha, of which not more than 40 per cent but not less than 20 per cent can be allocated towards commercial use.

The residential portion of the development must also not be less than 60 per cent of the total GFA.

To fulfil the terms and conditions of the OPP, FCOT will also have to pay a development charge to the Government for enhancing the site's use and a premium to top up the land's lease, if this is required.

A formal application to the URA will also need to be submitted for approval before any development can take place.

FCOT said the application of the OPP was part of its manager's - Frasers Centrepoint Asset Management (Commercial) - asset management review.

This review would help identify which FCOT assets could potentially be enhanced to maximise their value.

FCOT's manager is currently weighing the terms and conditions of the OPP and is exploring all options, which include the sale of the building, redeveloping it or retaining the property as an office building.

These other options may include additional regulatory approvals.

No decision has been made at this point.

The trust currently has nine assets spread across the region in Singapore, Australia and Japan.

Neighbouring residential project Concourse Skyline has sold 228 of the total 360 units since it was launched in September 2008.

Ten apartments have been sold since the start of this year, at an average $1,800 per sq ft.

To date, 342 units have been launched.


Source: The Straits Times © Singapore Press Holdings Ltd. Reprinted with permission.

shauntanzs
16-08-11, 14:22
I guess they will launch at 2k psf

Adva181
22-01-12, 18:11
A couple of subsales in Dec, I think 6-7. Surprise at the sudden surge in interest in this project.
It's building to 9th storey now.

ecimbew
23-01-12, 11:30
Launched in 2008, 99 LH, only 9th storey as of 23 Jan 2012
:scared-3:

land118
23-01-12, 18:17
Launched in 2008, 99 LH, only 9th storey as of 23 Jan 2012
:scared-3:
Ya, snail pace...:doh:

Adva181
23-01-12, 23:31
TOP in 2013... Less than 2 yrs to go, can they complete on time?:beats-me-man:

Adva181
19-02-12, 22:07
Visited the showroom last week, was quoted the best city facing stack #24-08 at $1987psf which work out to be $2.2mil. The sea facing stack are all above $2200psf. Those bought early are sitting on a nice profit, congrats. However, u must be at least 11th floor to have a good view.

tkc2263
16-07-12, 16:10
I kapoh a little yesterday and went down to the showroom to take a look.

Very impresive sweeping views of the Bay, MBS & Flyer and the City View from the 38th floor of the Concourse Office Block.

If given a choice, I would prefer to buy a unit facing the Bay and the Sports Hub as 1st choice, the MBS and Flyer as 2nd choice and the City View as the last choice.

I forgot to ask how many units were sold recently.

When I checked the caveats on URA, strangely the last transaction was done in Dec 2011.

bargain hunter
16-07-12, 16:14
nothing strange. nothing has been sold for this project since the cooling measures in dec 2011.

what are the differences in pricing between the 3 views?


I kapoh a little yesterday and went down to the showroom to take a look.

Very impresive sweeping views of the Bay, MBS & Flyer and the City View from the 38th floor of the Concourse Office Block.

If given a choice, I would prefer to buy a unit facing the Bay and the Sports Hub as 1st choice, the MBS and Flyer as 2nd choice and the City View as the last choice.

I forgot to ask how many units were sold recently.

When I checked the caveats on URA, strangely the last transaction was done in Dec 2011.

tkc2263
16-07-12, 20:49
nothing strange. nothing has been sold for this project since the cooling measures in dec 2011.

what are the differences in pricing between the 3 views?

If I remember correctly, but dont hold me to it, the price premium of two 19th floor units between the IR and the city view facing is close to S$800 psf.

tkc2263
18-07-12, 12:36
If I remember correctly, but dont hold me to it, the price premium of two 19th floor units between the IR and the city view facing is close to S$800 psf.

I would like to correct this statement I made.

Those units having views of Kampong Glam and beyond costs $800 psf less than those facing the IR/City View and the Kallang Basin View...essentially the best and the not so good views.

My apologies.

focus
18-07-12, 14:10
I would like to correct this statement I made.

Those units having views of Kampong Glam and beyond costs $800 psf less than those facing the IR/City View and the Kallang Basin View...essentially the best and the not so good views.

My apologies.

Wow.. Can the rental be 50% higher for View and without view?

gfoo
19-07-12, 13:57
Wow.. Can the rental be 50% higher for View and without view?

When the japanese army beheaded the locals and put them on the fence, i think the heads were also facing kampong glam view

bargain hunter
15-08-12, 15:40
1 unit sold at 1697psf. way below the 2515psf record

iridrium
17-08-12, 09:50
1 unit sold at 1697psf. way below the 2515psf record

When?

Interestingly, I checked the caveat lodged on Realis, the last transaction for this project was in Dec 2011 and all subsale. The last new sale for this project goes all the way back to Oct 2011. That is almost one year of no sale.

That aside, the view from 38th floor is fantastic though. :cheers6:

bargain hunter
17-08-12, 14:22
recorded on the URA new sales site for the month of jul. look out for the caveat in the next month or so.


When?

Interestingly, I checked the caveat lodged on Realis, the last transaction for this project was in Dec 2011 and all subsale. The last new sale for this project goes all the way back to Oct 2011. That is almost one year of no sale.

That aside, the view from 38th floor is fantastic though. :cheers6:

DC33_2008
18-08-12, 17:37
Progress at this site is still very slow. 76 Shelton is really fast.

smallant
12-10-12, 12:36
Next new hot zone !!!
FORWARD Land yesterday emerged as the highest bidder in a state tender for a plot at the corner of Jalan Sultan and Victoria Street.

The offer for the 0.84 hectare site, zoned for hotel development or commercial and residential development, came from the Choo family, which has a stable of hotel brands that include Hotel 81, Value and V.

Its bid of $331.34 million, or $993.71 per square foot per plot ratio (psf ppr), pipped the one from a Hoi Hup-Sunway tie-up, which at $303.68 million ($910.77 psf psf ppr) was 8.3 per cent lower.

The tender drew nine bids in all.

Adva181
25-10-12, 00:11
One unit sold at $1897psf by developer.
I think the units may start to move when southbeach n duo residences launch.
Those are above $3k psf.

phantom_opera
28-12-12, 13:58
so cheap in 2009

2012-12-14 #XX-XX 786sqft 1,591psf 2009-04-21 1,035psf $437,016 1,333 12.5

mcmlxxvi
10-02-13, 16:44
http://photos-a.ak.fbcdn.net/hphotos-ak-snc6/s720x720/179716_10152530190530244_282142715_n.jpg

Adva181
10-02-13, 19:04
They had reached the highest floor and is fixing the cladding now.

mcmlxxvi
10-02-13, 20:46
They had reached the highest floor and is fixing the cladding now.

Amazing speed. There was barely any action like 1 yr back.

DuaNehNehChioBu
11-02-13, 17:11
Amazing speed. There was barely any action like 1 yr back.

Amazing FIRE also :doh: :doh: :doh:

http://www.straitstimes.com/sites/straitstimes.com/files/concourse30e.jpg

Published on Jan 30, 2013
11:41 AM
By Ng Jing Xian

A fire broke out at Concourse Skyline condominium construction site along Beach Road on Wednesday morning. No injuries were reported.

The fire started just before 10am and cafe patrons at The Concourse next door reported seeing thick black smoke billowing from the top floors of the development.

It is understood that the fire was triggered by sparks from a cutting process igniting a chemical material. It was put out by workers on site.

A Singapore Civil Defence Force fire engine and ambulance were deployed to the site, but the fire was already extinguished when they arrived.

azeoprop
25-07-13, 15:47
Update 25th July 2013.

http://farm8.staticflickr.com/7373/9361850329_e81c27b1f0_b.jpg (http://www.flickr.com/photos/[email protected]/9361850329/)
DSC01249 (http://www.flickr.com/photos/[email protected]/9361850329/) by AzeoP (http://www.flickr.com/people/[email protected]/), on Flickr

mcmlxxvi
25-07-13, 20:30
Undergoing painting works?

azeoprop
25-07-13, 21:17
Still it is very slow for a project that was launched in 2008. :tsk-tsk:

shauntanzs
25-07-13, 22:17
No painting, external wall is cladded.

Ya, super slow... Zzzzz

mcmlxxvi
26-07-13, 06:51
Which one slower...this or Aristo at Amber?

shauntanzs
26-07-13, 14:08
To be fair, they only start building it in 2010.
When they start marketing it in 2008, the retail podium is still occupied by tenant.

Just like when they launch 76 shenton in 2010, they only tear down n start building in 2012.

astroboy8681
26-07-13, 15:02
Which one slower...this or Aristo at Amber?

definitely aristo.... which is like taking forever... 4 years for a single tower is un-comprehensible...

flashback to mar 2009 when i was at aristo showroom with check nearly hoot the 646sqft mid floor. If i did, my neck would have been the longest around! and renting from others would have go on & on & on....

nevertheless congrats to those who bought during that period, easily sitting on a very healthy profit margin (50% minimum)...

mcmlxxvi
26-07-13, 16:38
definitely aristo.... which is like taking forever... 4 years for a single tower is un-comprehensible...

flashback to mar 2009 when i was at aristo showroom with check nearly hoot the 646sqft mid floor. If i did, my neck would have been the longest around! and renting from others would have go on & on & on....

nevertheless congrats to those who bought during that period, easily sitting on a very healthy profit margin (50% minimum)...

2009 launch?? The bca building plan dtd 2006!!!!!!!!

Adva181
22-08-13, 10:48
Passby today and saw them dismantling the tower crane.

Robert-v
27-02-14, 06:52
Although the development looks ready they are now 56 days past the committed TOP date. I bought in this development and am very disappointed about the delay.

My biggest issue is that the developer is not providing ANY substantial information after requests for information through my lawyer. I would expect in these cases a developer proactively informs buyers on what is going on. When asking when it is expected they will be ready to hand over keys instead of giving a rough timeline they say "after we have notified you of vacant possession" yes thank you I could come up with that myself too!

Sure there are liquidated damages stated in the contract but really at some point there must be a breach of contract? They are failing to deliver.

Any thoughts on the forum on this?
Are there any buyers here that face the same issues with The failings of Hong Fok?

Slightly frustrated,
Robert

CCR
27-02-14, 08:28
Although the development looks ready they are now 56 days past the committed TOP date. I bought in this development and am very disappointed about the delay.

My biggest issue is that the developer is not providing ANY substantial information after requests for information through my lawyer. I would expect in these cases a developer proactively informs buyers on what is going on. When asking when it is expected they will be ready to hand over keys instead of giving a rough timeline they say "after we have notified you of vacant possession" yes thank you I could come up with that myself too!

Sure there are liquidated damages stated in the contract but really at some point there must be a breach of contract? They are failing to deliver.

Any thoughts on the forum on this?
Are there any buyers here that face the same issues with The failings of Hong Fok?

Slightly frustrated,
Robert

I believe they are holding back the TOP so as to delay the date when they have to pay taxes for units not sold

Robert-v
27-02-14, 22:20
I believe they are holding back the TOP so as to delay the date when they have to pay taxes for units not sold

That sounds strange as the delay already cost them several million (in total) in liquidated damages to owners?

Robert

bargain hunter
28-02-14, 06:04
they do not need to compensate you until they miss the Legal Date of Completion. When is that date? Is it another 1 or 2 years away?


That sounds strange as the delay already cost them several million (in total) in liquidated damages to owners?

Robert

DC33_2008
28-02-14, 08:51
My friend who has a unit there said that LD has kick in since dec 2014.
they do not need to compensate you until they miss the Legal Date of Completion. When is that date? Is it another 1 or 2 years away?

bargain hunter
28-02-14, 12:29
u mean LD will kick in FROM dec 2014 or has already kicked in in dec 2013?


My friend who has a unit there said that LD has kick in since dec 2014.

bargain hunter
28-02-14, 12:31
http://www.concourseskyline.info/


from the site above, it says yes, expected TOP is dec 2013 but the expected date of legal completion is dec 2016.

Psalms
28-02-14, 12:55
Iirc, LD kicks in based on the TOP indicated in your S+P.

Cheers

DC33_2008
28-02-14, 14:09
Sorry typo error. Should be dec 2013.
u mean LD will kick in FROM dec 2014 or has already kicked in in dec 2013?

Adva181
28-02-14, 23:29
I just went in to take a look today.
The TOP should be 1-2 months from now.
They are doing the minor defects.
I spoken to my lawyer, the LD will cost the developer around 1.5m per month.
I will be receiving around 7500/month for the LD for my unit, at least it covers my lost of rental.

DC33_2008
01-03-14, 07:16
Not bad income from developer since rental in dec and early part of the year is usually very quiet.
I just went in to take a look today.
The TOP should be 1-2 months from now.
They are doing the minor defects.
I spoken to my lawyer, the LD will cost the developer around 1.5m per month.
I will be receiving around 7500/month for the LD for my unit, at least it covers my lost of rental.

jade123
01-03-14, 17:46
I'm actually really pleased with the delay as it lowers my cost price. They can take as long as they want if they pay 10% LD ! In fact they should see whether they can restructure the remainder into serviced apartments if the rest can't get sold in this market.

Cyberknight
01-03-14, 18:18
I am curious. Have u reced letter from developer' lawyer that they r going to compensate u $7.5k per month? Or in sn p, did the developer explicitly stated that they will pay LD fr dec2013? U reced the money already?

If u look carefully, they always stated "EXPECTED TOP" n " EXPECTED legal date of completion". What choices can buyers pursue?

Robert-v
01-03-14, 18:50
I am curious. Have u reced letter from developer' lawyer that they r going to compensate u $7.5k per month? Or in sn p, did the developer explicitly stated that they will pay LD fr dec2013? U reced the money already?

If u look carefully, they always stated "EXPECTED TOP" n " EXPECTED legal date of completion". What choices can buyers pursue?

My lawyer advised me that LD applies from the date mentioned in article 12a in the S&P agreement. In my case that is December 31st 2013. It is calculated as 10% per annum of the installments paid. In my case thats 10% per annum of 55% of the total value I paid to date divided by 365 days.

I only bought last year so my LD is significantly more that 7,500 per month.

For me, I cant wait to get the keys as I am staying in a hotel at the moment, my previous lease ran out last week.

Robert

Robert-v
01-03-14, 18:55
I just went in to take a look today.
The TOP should be 1-2 months from now.

I was hoping that it would be weeks, not months.. :scared-4:

Cyberknight
01-03-14, 18:56
More key is whether the developer agreed to pay or it will be subjected to legal proceeding before payment? Else your holding cost is very high

Robert-v
01-03-14, 19:02
More key is whether the developer agreed to pay or it will be subjected to legal proceeding before payment? Else your holding cost is very high

I have asked and they responded via their lawyer that they will calculate the total when they send the notice of vacant possession and pay by cheque. Looking at the text in the contract it is very clear.

Adva181
04-03-14, 14:44
My lawyer just called me. TOP liao n can collect key already.
He also advised me on the LD amount which developer will issue a cheque to me.