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elements
07-03-07, 16:21
http://img224.imageshack.us/img224/2186/southbanksg0.jpg

comprises 194 residential apartments, 3 penthouses and 60 SOHO units complete with 16 retail outlets. Southbank also offers picturesque and breathtaking panoramic views of Kallang Basin, Tanjong Rhu and the city.

Unregistered
07-03-07, 16:40
Brief details of SOUTHBANK SOHO:

- North Bridge Road/Crawford Street (District 7)

- Elevated pool with scenic view of Kallang Basin, Gym, lavish landscaping and BBQ pits on the 10th Storey

- Multi-storey carpark below apartment block

- Full unobstructed views of Kallang Basin

- Highly accessible. Minutes to town and CBD. Lavender MRT station and buses at your doorstep.

- Available in 1 bdrm, 2 bdrms, 3 bdrms, Penthouses, SOHO Single level and SOHO Duplex

- Indicative prices: $600 psf for apartments; $950 psf for SOHOs

- Tenure: 99 years

With effect from 30th June 2006, SOHOs can no longer be purchased with CPF.

Marina East
19-03-07, 14:02
Piling has just started.

The launch of Riverine By The Park may push the Southbank subsale prices up.

Observer
19-03-07, 14:49
Piling has just started.

The launch of Riverine By The Park may push the Southbank subsale prices up.

It's called The Riverine By the Park. The thread is in District 12.

Unregistered
19-03-07, 16:30
Piling has just started.

The launch of Riverine By The Park may push the Southbank subsale prices up.

Southbank looks beautiful! The thing about UOL projects is that, whatever they do, in which ever location whether good or bad, they place really heavy emphasis on the architecture and design + good quality building and construction materials.

When I say architecture and design, I mean really really stylish and well-designed buildings, and not the run-of-the-mill edgy squarish style that every developer has these days. I can safely say that all UOL projects look very beautiful and their designs can stand the test of time and trends.

When I say good quality, I don't necessarily mean branded equipment, but solid and steady build quality of the building. Quality that lasts beyond all the flashy brands.

Southbank will be iconic. So will The Riverine. Citylights is not even in the competition as i do feel that it looks very much like a HDB flat. :o

Southbank
19-03-07, 18:36
Does anyone know whether UOL have started selling the retail shops in Southbank?

Unregistered
19-03-07, 22:58
I agree about UOL's developments. Even one-north is very well designed. They are certainly one of Singapore's better property developers, if not the best, in terms of quality.

Southbank
20-03-07, 16:11
How are the subsales doing?

The Darkness
20-03-07, 17:56
Southbank has that Canary Wharf kind of feel to it. Or is it just the rendering :o

Southbank
20-03-07, 18:24
Southbank has that Canary Wharf kind of feel to it. Or is it just the rendering :o


Like Australia Southbank and Northbank?

Southbank
24-06-07, 11:37
Southbank above-30-storey units are now doing at $1,300 psf.
Cool!

Unregistered
26-06-07, 16:08
Southbank above-30-storey units are now doing at $1,300 psf.
Cool!


Helped by Riverine By The Park and Citylights.

District 7
26-06-07, 17:45
Not much properties in District 7 leh.

Southbank @ Kallang Basin
29-06-07, 16:24
吴汉钧
联合早报
2007-06-29

根据650万人口规划新加坡,当然得安排足够的住屋,政府接下来除继续发展榜鹅及盛港组屋区,也开始把目光聚焦于滨海南和加冷煤气厂旧址一带地段,发展更多市区住宅。

国家发展部长马宝山本星期一受访时透露,加冷煤气厂旧址一带是发展市区住宅的另一个重点地段。由于这个地区衔接中央商业区和巴耶利峇区域中心,具备发展潜能,而且毗邻加冷河畔公园,环境优美,他相信那里会是个受欢迎的市区住宅地段。

马宝山说:“那一带刚好在市区边缘,不在市区内,就好像是进入市区的大门。我们希望那里会有办公室、SOHO(居家办公单位)项目、零售和娱乐设施、酒店等。那里也靠近加冷河,有发展河畔住宅的潜能。”

市区重建局正在考虑的地段,南北以尼诰大道和加冷路为界,东西以哥罗福街和沈氏大道为线,与体育城为邻,整个地段涵盖旧加冷机场、加冷河、加冷河畔公园及加冷煤气厂旧址。

加冷煤气厂俗称“火城”,拥有130多年历史的煤气厂拆除后,那一带就一直是个定位相当模糊的地区,没有明确的发展蓝图。

不过,近年来附近出现许多发展计划,使加冷煤气厂旧址一带的发展逐渐明朗化。这些发展计划包括嘉德置地在劳明达的瓅之尚都(Citylights)、华业集团位于新桥路的Southbank和永泰控股位于加冷路及加冷河畔的Riverine By The Park,位于加冷路及捷利歌路(Jellicoe Rd)之间的地段最近也被列为酒店发展备售地段。

滨海湾公园周围地段将发展成优质住宅区

另外,滨海南围绕滨海湾公园(Gardens by the Bay)周围的地段将发展成优质住宅区,这些住宅的居民将拥有无敌海景和公园风景。

马宝山在访谈中畅谈2001年发展概念总蓝图(Concept Plan 2001)需要进行中期检讨的缘由,以及政府打算如何规划下来五年的发展总蓝图(Masterplan 2008)。

概念总蓝图勾画出未来40至50年的土地规划发展大方向,每10年检讨一次。2001年概念总蓝图原定2011年检讨,不过这几年来人口和经济发展变化迅速,市建局因此决定今年展开中期检讨。发展总蓝图则是每五年修订一次。

对于新加坡人很关注650万人口的问题,马宝山知道这引起了一些人的焦虑,他重申这并不是政府的目标,而是规划时的依据。不过,他也认为,新加坡要维持经济和社会活力,就有需要增加人口。

今年2月,以650万人口作为新加坡未来四五十年的规划依据的消息见报后,很多人关注新加坡是否容纳得下这么多人。人们担心地比香港小、人口一旦和香港一样多的新加坡是否还能提供人民负担得起的住屋,人民是否都要挤小房子、缺乏休闲空间等现实问题。

他说,规划需要根据一些假设才能进行,规划师没有目标就无从下手。在考虑了人口增长趋势、各领域的成长后,确立了650万人口的规划依据。

“在可预见的未来,根据我们知道的技术——不论是往空中发展还是往地底开挖,根据我们的土地储备,根据我们对学校、公路、地铁、蓄水池、武装部队、办公楼、污水处理站、公园等细节的规划,我们可以安顿好这些人口。”

2001年概念总蓝图是以550万人口作为规划依据,当时人口只有390万左右,目前已增加到将近450万。一些分析家认为,新加坡有可能在20年内达到650万人口,马宝山基于人口增长的不可预测性,不苟同这样的看法。

马宝山也谈到巴耶利峇和裕廊东区域中心的发展,以及政府会如何通过规划促进新加坡的休闲生活及打造一个人人钟爱的家园。

Leon
01-07-07, 09:11
Southbank

Near lavender MRT
High Floor > 25
99yrs
958sqft
Unblock view
Asking $1.3m

Contact @ 97998614

Unregistered
03-07-07, 10:48
In URA's press release today:

"...The increase in private housing prices in recent quarters is in line with greater economic growth and rising confidence. Private housing prices are now increasing at a faster pace because of good economic prospects going forward and the increasing attractiveness of Singapore as a global city."

Buyer
03-07-07, 10:49
In URA's press release today:

"...The increase in private housing prices in recent quarters is in line with greater economic growth and rising confidence. Private housing prices are now increasing at a faster pace because of good economic prospects going forward and the increasing attractiveness of Singapore as a global city."


Wow!
Southbank got subsale or not.
What is the best psf to buy?

DTZ
06-07-07, 14:05
Irene 9677-6428, DTZ

Southbank
#20 up, 958 sqft ...... $1,250 psf
#30 up, 614 sqft ...... $1,500 psf
#30 up, 969 sqft ...... $1,500 psf

Citylights
#20 up, 893 sqft ...... $1,500 psf

Interested
06-07-07, 16:55
In the URA website, there is a 1,313sqft 3-bedder done at $1,051 psf in June. What floor is this unit?

The Straits Times
07-07-07, 02:53
The Straits Times
6 July 2007

The booming property market will drive prices for private housing above the 1996 peak by the middle of next year, according to an HSBC economist.

Senior Asian economist, Robert Prior-Wandesforde, said on Friday, "The real estate market has probably further to run. We may be in some of the earliest stages of a bubble, but there is more for prices to go."

"The private residential market is nowhere near that of mid-1996, so there is still room (for prices) to appreciate further even if we're in the early stages of a bubble."

Mr Prior-Wandesforde believes that property prices will go higher partly because the ratio of home prices to income is only half that of 1996.

Wage growth is also running at multi-year highs and interest rates are low.

He also cited the speculative activity that is boosting prices.

And while prices in strict number terms may pass 1996 levels soon, once factors including wage levels are accounted for, the real catch-up will be some way off.

G Ng
10-07-07, 12:57
Grace Ng
Finance Reporter
The Straits Times
10 July 2007

The overall exposure of Singapore banks to property-related loans taken out by investment buyers and financial institutions amid the property boom is rising. But experts are not worried. A new Citigroup report says the percentage is set to climb from 27% of total loans currently to 'closer to 30%' by year-end.

But this is 'still comfortably below' a regulatory limit of 35%, it said. Foreign banks may be nearer to the limit than local ones, said Citigroup economist Chua Hak Bin yesterday.

All these figures exclude property loans taken out by owner-occupiers - about 80% of all bank loans.

If banks approach the limit, customers could be charged higher interest rates for investment- related mortgages compared to owner-occupied ones, suggested Dr Chua.

Mr Paul Kwee, Citigroup Singapore's corporate bank director and head of real estate, noted: 'In view of the recent increase in lending activity, it may well be that certain banks have less appetite, and may become more selective in granting loans, as well as in reviewing the terms that go with the loans.'

Dr Chua also pointed out that while speculative buying of property has risen and may climb further over the next few years, it is still well below the level seen in the property boom of the mid-1990s.

So bank-loan exposure to the property sector 'is likely to remain within tolerable limits'.

In May, about 25% of mortgages taken out by investment buyers and 33% of loans to financial institutions were property-related, estimated Citigroup. This works out to an overall property-related loan exposure for the banking sector of 28.7%, well below the 35% limit.

The limit was introduced by the MAS in May 2001, as a safeguard to limit the risks of the banking system's exposure to property loans, especially speculative activity.

But Dr Chua expects 'mortgage growth to accelerate' to near 30% in the next 6 months, as more new property projects are completed and some homebuyers on the deferred payment scheme apply for loans.

A higher proportion of new mortgages are likely to be investment-related, given the 'already high home ownership in Singapore of about 93%'.

OCBC Bank has seen the ratio of new applications for investment properties to owner-occupied ones rise, but the latter is still the 'key driver of overall sales', noted head of consumer secured lending Gregory Chan.

DBS Bank and Maybank said about a fifth of their Singapore mortgages are for investment properties, while Standard Chartered Bank said the percentage is between 15 and 20%. The rest are owner-occupied ones.

A Maybank spokesman argued that 'there is no direct relationship between loan rates and the 35% limit'. The pricing of mortgage rates and corporate loan rates depends on a combination of factors, such as the risk profile of the borrower, the purpose of the loan and the type of property mortgaged, she said.

In his report, Dr Chua also noted that property speculation may have increased, as reflected in the rise in sub-sale deals to about 10.5% of total transactions for the April to May period, compared with about 3% 3 years ago. But this is still much lower than the 1990s peak.

J Wong
10-07-07, 13:07
Jeana Wong
Channel NewsAsia
9 July 2007 2126 hrs

Rising rentals in Singapore have led to more expatriates buying properties here.

Property market watchers say a growing number of foreign executives are choosing to trade off living in upscale locations for bigger properties outside the city area and home ownership.

According to some calculations, average rents in Singapore went up by 35% in the first 6 months of this year over the same period last year.

This is causing expatriates to move to cheaper districts.

And anecdotal evidence is suggesting that of late, more are thinking of buying their flats.

Nicholas Mak, Consultancy and Research Director, Knight Frank, said: "Another group of expatriate tenants are actually considering buying properties - either buying the apartments they are renting, ... or considering asking for their rental package - their housing accommodation package - to be paid as a lump sum so that they can use that to purchase a home, maybe even a landed property."

Flats in prime districts now rent for an average of S$3.26 per square foot a month, while those just outside of the central areas are letting for $2.30 per square foot a month.

The districts of 9, 10 and 11 may be rental hotspots for most higher-end expats.

But analysts say those seeking to buy tend to go for the upper-mid level properties between 15 to 20 years old in outlying areas like Clementi, Toh Tuck and even Loyang and Pasir Ris.

Such expats, some of whom are permanent residents, typically have a budget of just over a million dollars.

Donald Han, Managing Director, Cushman and Wakefield, said: "We've actually started to see out of 10 expatriates that we serve, at least one will be looking into either leasing or potentially even buying. And quite a fair bit of those will ultimately decide to purchase rather than lease. Typically they'll look into the fringe of Districts 9, 10, and 11.

"They will look into properties which are not the top end, more into the upper-mid level, potentially within the S$800 to as much as S$1,200 psf. And the units could be of the size of one- to two-bedroom kind of apartments. For landed property, typically perhaps a District 21, landed terrace houses which might go in the region of a million to S$1.2 million."

Property market watchers say the upward pressure on rental prices is unlikely to let up over the next 12 months.

Mr Mak said: "Private home rentals are still going to face a lot of upward pressure for the rest of this year and probably for the first half of next year. This year alone, we could easily see average rentals go up by anywhere from 15% to even as much as 25%."

Mr Han said: "Rental will continue to rise by virtue that it's really a landlord's market. I suspect rental in the next 12 months will probably continue to rise between the range of about 20% to 25% from current levels."

This comes as demand continues to grow and collective sales aggravate the already limited supply available.

Unregistered
10-07-07, 17:11
No wonder people keep telling me the expats and foreigners are here cos they can't make it in their own countries. So stupid to jump into a hot pool now. Pay so high. Locals, stay back. Let the show begins. It's a comedy. It's a tragedy. On the foreigners.

Registered
10-07-07, 17:55
No wonder people keep telling me the expats and foreigners are here cos they can't make it in their own countries. So stupid to jump into a hot pool now. Pay so high. Locals, stay back. Let the show begins. It's a comedy. It's a tragedy. On the foreigners.


Let the show begins? What show?
See your stupid clown acts?
Talking rubbish!

We need these FTs.
We don't need you idiot!

Puzzled!
30-06-08, 09:53
southbank does not much publicity. Why? Isn't Southbank @ Lavender a better buy compared to Dakota Residences in terms of view, proximity to MRT station, proximity to Kallang Bay Area & CBD, height of the development (Max 40 storeys), design of development (like Canary Wharf in London), address, etc. Price is comparable if not more value for $? The last $psf in June caveat sale was just over $1000.

family-oriented
30-06-08, 11:09
southbank does not much publicity. Why? Isn't Southbank @ Lavender a better buy compared to Dakota Residences in terms of view, proximity to MRT station, proximity to Kallang Bay Area & CBD, height of the development (Max 40 storeys), design of development (like Canary Wharf in London), address, etc. Price is comparable if not more value for $? The last $psf in June caveat sale was just over $1000.


Man, I am so in agreement with you!

Southbank is one of the more exciting projects to come our way here in Singapore.

But you see, people who buy mass market condos in Singapore are also the family-family type, the type who drive practical Corollas and Camrys (not saying that those are their only cars). So Dakota Residences fits the bill perfectly as the family-oriented condo to buy and stay in.

Join the crowd
30-06-08, 11:43
Singaporeans are weird. They like to join the crowd and chiong and snatch the new showflats. Within a few mths, the novelty will die. Then Dakota showflat will be empty and the newer showflats will be full of people.


Man, I am so in agreement with you!

Southbank is one of the more exciting projects to come our way here in Singapore.

But you see, people who buy mass market condos in Singapore are also the family-family type, the type who drive practical Corollas and Camrys (not saying that those are their only cars). So Dakota Residences fits the bill perfectly as the family-oriented condo to buy and stay in.

Happening Area!!!
30-06-08, 13:46
More good news in this area

Home > Latest News > Singapore
June 30, 2008
URA puts up prime site at Ophir-Rochor Road for sale

A 2.7 ha prime site in the heart of the city centre along the Beach Road, Ophir and Rochor Road corridor was put up for sale by the Urban Redevelopment Authority on Monday.
The site is in the confirmed list of the Government Land Sales Programme in the first half of this year.

The strategic site is a natural extension from the established convention, office, hotel hub at Marina Centre.

This new growth area is envisioned to become an exciting 24/7 mixed-use cluster, said the URA on Monday. It will comprise integrated developments with office, hotel, retail, entertainment and residential uses, all set within an attractive garden-like environment.

'New developments in the Beach Road/Ophir-Rochor Corridor will inject vibrancy and activities into this part of the city and form a new office cluster for financial and business institutions that will complement the existing financial district at Raffles Place and Marina Bay,' said URA.

Flanked by the historical districts of Kampong Glam and Beach Road and in close proximity to the bustling, arts, cultural, entertainment and educational hub at Bras Basah. Bugis, this new growth area has the potential to be an exciting commercial hub offering a diverse range of entertainment, cultural and lifestyle attractions.

With a maximum gross floor area (GFA) of about 160,000 sqm, it is slated for a mixed-use development.

In line with the planning visions for the Ophir-Rochor Corridor, the proposed development will have at least 40 per cent of the total GFA for office use, and at least 15 per cent of the total GFA for hotel and hotel-related uses. The remaining GFA can be for office, hotel or other complementary commercial and residential uses.

Future development will have direct basement level connections to the new Bugis Interchange MRT station, with immediate access to the existing East-West RTS line and the Downtown RTS line that is expected to be ready in 2013.

This will provide the future development with convenient rail connection to the financial and business hub at Raffles Place and Marina Bay as well as the shopping, dining and entertainment destinations at Orchard Road and Singapore River. It will also have a direct access to Singapore Changi Airport via the East Coast Parkway.

'Given its strategic location, the site is envisioned to be developed with high-quality buildings with contemporary architecture and innovative urban design that respond positively to the surrounding fine-grain, street-based conservation areas and the lush, mature greenery to create a high-density, sustainable development, incorporating environmentally-friendly design and technologies,' said URA.

The land parcel, which has the potential for a high-rise 40-storey development, will also enjoy unobstructed panoramic views across the city to Marina Bay and the new Sports Hub at Kallang.

WEE
11-07-08, 12:22
http://www.straitstimes.com/Singapor...ry_256608.html

July 11, 2008

Bugis makeover wins global award

Past winners include Tokyo's Roppongi Hills and Shanghai's Xintiandi

By Hong Xinyi


RICH HISTORY: The area is home to many well-preserved old buildings. -- PHOTO: URA

BOASTING a mix of lovingly preserved old buildings and swanky new developments, the Bras Basah-Bugis area is home to funky arts schools, museums and theatres.

The transformation of the neighbourhood, once infamous for its population of transvestites, has been more than 20 years in the making.

Now, the makeover has won the Urban Redevelopment Authority (URA) plaudits from an international non-profit institute that specialises in land use and urban development.

The Urban Land Institute (ULI) handed the URA an excellence award for its work in the Bras Basah-Bugis area yesterday in Tokyo.

The annual honours are regarded by those in the land-planning industry as the most prestigious in the world.

As one of five award recipients this year, Bras Basah-Bugis joins past winners like Tokyo's Roppongi Hills and Shanghai's Xintiandi - both hip hot spots famous for their shopping and nightlife - in the winners' circle.

Calling the award a 'great honour', URA chief executive Cheong Koon Hean said: ' I'm very glad that our hard work over the past two decades has paid off and our planning efforts have been recognised at an international platform.'

This is the second time that the URA has won an ULI award. It was also recognised in 2006 for its conservation efforts.

Minister for National Development Mah Bow Tan credits the Bras Basah-Bugis success to a programme of development that built on the area's rich history and architectural heritage.

The 95ha area, the equivalent to about 190 football fields, includes 12 places of worship.

'What the URA did was to identify those features of the district that many Singaporeans hold dear, preserve its authenticity, enhance the distinctive character and introduce new uses that are complementary to existing ones,' Mr Mah told The Straits Times in an e-mail.

Once known for its rambunctious night bazaars, the area's modern-day rejuvenation began in 1989 with sale of a site for shopping mall Bugis Junction.

The URA also wooed schools like Singapore Management University and Lasalle College of the Arts to set up campuses here. Today, the 12,000 students from these institutions are a key part of the area's buzz.

Later this year, arts centre The Arts House will launch a school offering performing arts courses for children at Paradiz Centre.

Said Ms Adelina Ong, the centre's assistant manager of artistic development: 'It is an ideal location because it allows us to connect with these institutions and independent collectives, creating opportunities for our students to pursue further development in the arts through them.'

The arty vibe has been good for business as well. There has been an increase of over 30 per cent in median rent for the area's office space from 2000 to last year.

[email protected]


Springing up soon in Bugis and Bras Basah

# South Beach

Scheduled for completion in 2012, this 3.5ha site in Beach Road includes three blocks in the former Beach Road Camp and non-commissioned officers' club building, as well as new offices, luxury hotels, apartments and shops.

# Bras Basah MRT station

Designed by local architecture firm Woha, this station will feature a reflecting pool that stretches between the National Museum and the Singapore Art Museum. It is part of the Circle Line, which is scheduled to be operational in 2010.

# Stamford Green

Expected to be ready later this year, this landscaped path will connect the Singapore Management University to Fort Canning Park.

# Iluma

This mall, located on a 8,921 sq m site opposite Bugis Junction, is expected to be ready by the end of this year. Sixty per cent of its space will be devoted to arts and entertainment outlets such as cineplexes and theatres.

# Former Nanyang Academy of Fine Arts campus in Middle Road

The National Arts Council has expressed an interest in turning the building into a centre for artists. Mr Andrew Fassam, the Urban Redevelopment Authority's deputy director of urban planning and design, said details had not been finalised.

buy value
13-07-08, 15:59
if dakota and clover and the rest can be priced at that kind of price, then this southbank is severely undervalued!

Doom Doom
13-07-08, 17:09
Fannie and Freddie: How the Fallout Could Affect You

By Ron Lieber The New York Times | 12 Jul 2008 | 04:37 PM ET

The stock market swoon over Fannie Mae and Freddie Mac this week has left many consumers scratching their heads, wondering if buying a home is a worse idea than it was seven days ago or whether to take down the “for sale” sign in the yard.

So now is a good time to step back and assess the landscape.

Thus far, the biggest damage has been mostly to Fannie’s and Freddie’s investors, though the overall stock market has recoiled as the companies stumbled. In the housing market, consumers are still moving into new homes, and people continued to close on new loans Friday.

But if you are shopping for a home or a mortgage or considering selling a home, you may wonder what will happen next if things get worse for Fannie and Freddie. Will mortgage rates rise, and home prices fall further? Could the troubles affect the rates you are charged for other loans? Answering these questions starts with a brief (I promise) primer on what the two entities do and why they’re important.

In the beginning, there’s a mortgage lender. It can lend you money it has taken in from deposits on checking accounts and certificates of deposit if it wants. But many lenders choose to sell most or all of their home loans once they make them, and then use the proceeds of the sale to make even more loans.

Fannie Mae and Freddie Mac are the buyers for many of these loans, which makes them crucial to the continued ability of companies to lend money to you and me for a house. Freddie likens itself to a wholesaler supplying a retail store: the retail store is a bank selling money.

Once Fannie and Freddie have bought enough loans, they turn many of them into bonds and sell those bonds to investors. Your mutual funds may hold many of them, something many consumers may just be noticing, after letting out a sigh of relief because they were not planning to buy or sell a home anytime soon.

The mortgage financing system hums along until Fannie and Freddie have trouble raising money to buy loans, or it costs them more to raise the money. And that’s what is happening now. “That increased cost must be passed along; it’s the nature of the beast,” says Keith T. Gumbinger, vice president of the financial publisher HSH Associates, where he has tracked mortgage rates for more than two decades.

The question then is how, if at all, any of these higher costs will be passed along through the mortgage lenders to consumers.

As of Friday, not much had changed, and mortgage bankers were putting on a brave face. “It is business as usual, and rates have held steady for the past two days,” said David G. Kittle, chairman elect of the Mortgage Bankers Association and chief executive of Principle Wholesale Lending in Louisville, Ky. He said the company locked in rates for one buyer and two people who were refinancing on Friday morning, as the stocks plummeted, and that the hand-wringing over Fannie and Freddie amounts to a “media feeding frenzy.”

Karen Shaw Petrou, managing partner of policy consultant Federal Financial Analytics, sees a remote possibility that mortgage rates could in fact fall. If the federal government took control of Fannie and Freddie, a possibility that the Treasury secretary, Henry M. Paulson Jr., seemed to discount in a statement Friday, the companies’ financing costs would probably drop some because government control suggests a government guarantee. Until now, the government has provided credit lines to the companies but stopped short of such a promise.

Many mortgage experts, however, expect rates to rise a quarter percentage point to half a point in the coming weeks. The average rate on Thursday for a prime 30-year fixed-rate nonjumbo mortgage was about 6.45 percent for someone not paying special fees known as points to lower the rate, according to HSH Associates data. That kind of spike wouldn’t be too unusual at a time when rates often rise and fall by at least that much over a period of weeks, for any number of reasons.

Over the longer term, a dysfunctional Freddie and Fannie could send mortgage rates higher than they would have been otherwise, relative to key market rates like Treasury securities.

For now, if you’re considering buying a house or refinancing a mortgage, and that rate rise is enough to make a difference, then maybe the deal is not affordable. “If someone is so tight that a quarter point kills a deal, they probably ought to be rethinking what they’re doing,” says Bert Ely, a banking consultant in Alexandria, Va.


For mortgage shoppers comfortable with loans at today’s prices, now is the time to lock in, or guarantee, an interest rate with the lender, which can effectively set the rate over the life of a fixed-rate loan. Given the current uncertainty, there’s always the possibility that lenders will be less willing to offer rate locks in the coming weeks.

Outside the mortgage industry, there is some concern that a further crippled Fannie and Freddie could make it harder for consumers to borrow in all forms. “There is a contagion effect. If investors in various kinds of loans get concerned about one kind of capital market, it can spread to other markets,” said Mark Kantrowitz, who runs the college financing site FinAid.org and saw this firsthand in student loans over the past year or so. “They tend to pull back from everything, not just their initial area of concern.”

All the consternation this week only highlights how much rests on the value of our homes and shows that loan pricing and availability can keep the value from falling further. “The implications run everywhere, through to consumer spending and state and local governments,” said Mark Zandi, chief economist of Moody’s Economy.com. “Anything that exacerbates the problem is very bad news. It’s just sticking a finger into an already deep and festering wound.”

Mr. Zandi said he thought the federal government would step in to stabilize the situation if mortgage rates rose much more than that quarter or half point.

The government might take any number of steps to buck up the two ailing entities. The bonds that Fannie and Freddie sell are held all over the world, by mutual funds and foreign governments. Any hint that those securities are in peril could further undermine faith in the United States economy, given that Fannie and Freddie were created and chartered by the American government.

In an election year, meanwhile, with the housing market already lousy in most places, the federal government will almost certainly do everything in its power to make sure that banks have continued access to Fannie and Freddie funds for loans to creditworthy home buyers.

Interested Buyer
13-07-08, 21:04
if dakota and clover and the rest can be priced at that kind of price, then this southbank is severely undervalued!

SouthBank... how much asking? Lavender is "infamous" for the casket houses... may be that's why... less interest.

But location good. MRT nearby.

Fúck You Redneck
14-07-08, 00:31
Fannie and Freddie: How the Fallout Could Affect You

By Ron Lieber The New York Times | 12 Jul 2008 | 04:37 PM ET

The stock market swoon over Fannie Mae and Freddie Mac this week has left many consumers scratching their heads, wondering if buying a home is a worse idea than it was seven days ago or whether to take down the “for sale” sign in the yard.

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

In an election year, meanwhile, with the housing market already lousy in most places, the federal government will almost certainly do everything in its power to make sure that banks have continued access to Fannie and Freddie funds for loans to creditworthy home buyers.
Fúck you redneck. Fúck off to your land of bush.
Shemale from the US like you is not welcomed here.
This is CONDOsingapore.com - not a place for your bullshit.

DC33
14-07-08, 10:04
SOUTHBANK VALUATION PRICE FOR HIGH FLOOR IS ABOUT $1150 PSF NOW. IT SHOULD HAVE GOOD POTENTIAL AS IT IS NEARER TO CITY, NEXT TO MRT AND HAS GOOD VIEW.

Interested Buyer
14-07-08, 20:17
SOUTHBANK VALUATION PRICE FOR HIGH FLOOR IS ABOUT $1150 PSF NOW. IT SHOULD HAVE GOOD POTENTIAL AS IT IS NEARER TO CITY, NEXT TO MRT AND HAS GOOD VIEW.

99 LH? any info I can find on website.

Smarian.
14-07-08, 20:19
Latest listing on Southbank is around 950 to 980 psf.
Price is going south.

Interested Buyer
14-07-08, 20:25
Latest listing on Southbank is around 950 to 980 psf.
Price is going south.

About same price as Dakota. which is better? Any views?

Unregistered999
14-07-08, 22:33
it's located very near to thai community and many blocks of one room flat for old folks...

Interested Buyer
14-07-08, 23:08
it's located very near to thai community and many blocks of one room flat for old folks...

So means? Good?

Down Down
15-07-08, 00:00
Singapore c.bank sees more downside risks to markets
Mon Jul 14, 2008 6:37am EDT

SINGAPORE, July 14 (Reuters) - Singapore's central bank said it is closely monitoring financial markets in the wake of the crisis surrounding U.S. mortgage giants Fannie Mae and Freddie Mac, and warned of big downside risks in global markets.

"Significant challenges and downside risks in the international financial markets remain and financial institutions and investors should stay vigilant," the Monetary Authority of Singapore (MAS) said on Monday.

"The direct impact of the credit crisis on financial markets and financial institutions in Singapore has been relatively modest so far," the central bank said.

Singapore's Straits Times stock market index .FTSTI has fallen 16 percent this year. The country's three banks have suffered relatively modest writedowns on their debt investments as a result of the credit crunch.

The U.S. Treasury and Federal Reserve called on Sunday for sweeping measures to lend money and buy equity, if necessary, in Fannie Mae and Freddie Mac, which own or guarantee $5 trillion in debt -- close to half the value of all U.S. mortgages.

The U.S. government plan to bolster the government-sponsored mortgage financiers helped calm markets on Monday, but did little to allay fears about the health of the U.S. financial system.

The MAS declined to comment on whether any of Singapore's foreign reserves are invested in debt from Fannie and Freddie.

Singapore had about $177 billion in its foreign reserves as of the end of June.

Foreign central banks, mostly in Asia, hold $979 billion of the $5 trillion bonds and mortgage-backed bonds sold by Freddie and Fannie.

DC33
15-07-08, 11:03
You may want to look at URA caveat for southbank. It is above a $1000psf depending on which level. Thailands will be leaving as Golden Mile will be torn down. The flat may not stay for long as beach road is going to be next happening area. Was at ICA last week and went to the foodcourt next to the development. Looks rather nice and tidy. You may want to go to the flat nearby and enjoy the view and breeze. you can go to skyscraptercity.com to view southbank.

bliss
17-07-08, 06:03
Have a look at The Business Times 17 July 2008 - Property transactions with contract dates between June 30 and July 5, 2008.

The Citylight is transacted at 599psf for 1356 sqft unit. 718psf for a 893sqft unit.

Interested Buyer
17-07-08, 06:51
Have a look at The Business Times 17 July 2008 - Property transactions with contract dates between June 30 and July 5, 2008.

The Citylight is transacted at 599psf for 1356 sqft unit. 718psf for a 893sqft unit.

So low. I thot asking is abt 1100 psf.

Please
17-07-08, 08:46
Property market is heading south. Hold tight!!!

Unreg888
17-07-08, 09:30
Have a look at The Business Times 17 July 2008 - Property transactions with contract dates between June 30 and July 5, 2008.

The Citylight is transacted at 599psf for 1356 sqft unit. 718psf for a 893sqft unit.
Those are the original developer's prices for units whose caveats were just lodged on resale. The usually transacted prices are between $1K+ to about $1.3K for unblocked high floors.

DC33
17-07-08, 09:40
Unreg888 is right! It cannot be so cheap if Dakota Residence is already selling at $1077 for high floors (max 18 floors).

Please Please
17-07-08, 12:43
Property market is heading south. Hold tight!!!
Property market is heading north again. Hold tight!!!

Unreg¡stered
17-07-08, 12:44
Property market is heading south. Hold tight!!!

Property market is heading north again. Hold tight!!!
Talking cock is free.

One says going south.
One says going north.

Both are talking cock.

Pro
18-07-08, 00:48
Talking cock is free.

One says going south.
One says going north.

Both are talking cock.

We like to talk wat... what's wrong....

Livia
18-07-08, 00:48
Unreg888 is right! It cannot be so cheap if Dakota Residence is already selling at $1077 for high floors (max 18 floors).

BUY LIVIA LIVIA...!!!

DC33
18-07-08, 09:57
But Livia is so far away from CBD and not very near MRT. Location is still very important!

Unregistered999
21-07-08, 09:04
But Livia is so far away from CBD and not very near MRT. Location is still very important!
agree. livia said that it is near MRT but when i drove around there, i find that it is not at all near to the MRT. i also doubt its claim of 8 mins walk to MRT; if you want to make it 8 mins, you will probably be panting when you reach the MRT

yes
21-07-08, 12:50
But Livia is so far away from CBD and not very near MRT. Location is still very important!
And very a long drive to CBD too for Livia

alibaba123
21-07-08, 13:16
What would be a fair price for this project?? :confused:

kal
21-07-08, 13:45
Tink for southbank, price differs on which stack n floor level...Hv seen the site plan, I would say, stack 08 is the best, in terms of views and location..

DC33
21-07-08, 14:52
Tink for southbank, price differs on which stack n floor level...Hv seen the site plan, I would say, stack 08 is the best, in terms of views and location..

You may want to go to http://www.skyscrapercity.com/showthread.php?t=358211&page=26 to view the model and layout of southbank. It is a very informative site.

??
25-07-08, 08:32
You may want to go to http://www.skyscrapercity.com/showthread.php?t=358211&page=26 to view the model and layout of southbank. It is a very informative site.

is the address correct? couldn't get in.

BP
25-07-08, 08:50
is the address correct? couldn't get in.
You can go to http://www.skyscrapercity.com/forumdisplay.php?f=399
Look for Private Residential Projects (30 floors or more). Southbank should be there.

Good Luck!

737
25-07-08, 11:07
Dont quite fancy Livia (though like the idea they open up the 2 common bedrooms into one) nor Clover By The Park. Kovan Residences' definitely a better choice.

Anyway, never favour CDL's projects, second only to FEO. FEO's quality though not exactly favoured due to historical reasons, the company is at least showing some efforts to be "creative" in designs. Big players who have the resources which dont put more efforts into their designs, in a way, reflect their commitment to their customers.

11
27-07-08, 20:56
Private housing market colleapsing very soon, by end year prices will go down by at least 30%, why buy anything now?

000
28-07-08, 08:55
Private housing market colleapsing very soon, by end year prices will go down by at least 30%, why buy anything now?
it is your guess as well as mine. no one can tell.

Future!
28-07-08, 11:26
it is your guess as well as mine. no one can tell.

Property prices will have correction and as long as one has the holding power and not a flipper this is not an issue. However, if you look at the trend in the last 10 years. It corrects and go higher up. Given what Singapore is right now, it will go higher given the scarcity of land. Houses will be smaller and more expensive ($psf) just like in Hong Kong.

Unreg¡stered
28-07-08, 12:33
Private housing market colleapsing very soon, by end year prices will go down by at least 30%, why buy anything now?
You say going down by 30%.
They say going up by 30%.
All talking cock cos' talk cock is free.

it is your guess as well as mine. no one can tell.

Property prices will have correction and as long as one has the holding power and not a flipper this is not an issue. However, if you look at the trend in the last 10 years. It corrects and go higher up. Given what Singapore is right now, it will go higher given the scarcity of land. Houses will be smaller and more expensive ($psf) just like in Hong Kong.
Remind me of the crude oil price correction.

Unregistered88
11-09-08, 12:24
PROGRESS OF SOUTHBANK: 24TH STOREY GOING TO 25TH STOREY OF TOTAL 40 STOREYS

http://i332.photobucket.com/albums/m356/DC33_2008/DSC02480.jpg

NICE VIEW OF KALLANG BAY BY THE NIGHT MINUS SPORTS HUB (TAKEN BY INFINITY88)

http://i332.photobucket.com/albums/m356/DC33_2008/Kallangbaymoonlighttx41.jpg

Siao
11-09-08, 19:18
BUY LIVIA LIVIA...!!! Siao, 99yrs, surrounded by HDB and so far out to the east. Jam every morning at the exit along ECP to PIE.

Smart Investor
11-09-08, 19:20
it is your guess as well as mine. no one can tell.

When everyone is saying that prices are going down, you should buy now. Cos by the time u hear prices are going up is already too long and u just miss the boat. AND YOU CAN NEVER GUESS WHERE THE BOTTOM IS.

The blind following the blind will always lose out. One must always do opposite the market sentiment to outperform it.

Unregistered1
13-09-08, 19:49
Anyone here got the layout plan for the southbank soho?

Unregistered_A
13-09-08, 21:50
Newbie here.
Whats the difference btw a SOHO vs a residence unit?
Seemed that the price difference is quite substantial?
Does it mean people can do retail cum home with a "SOHO" tag?




Brief details of SOUTHBANK SOHO:

- North Bridge Road/Crawford Street (District 7)

- Elevated pool with scenic view of Kallang Basin, Gym, lavish landscaping and BBQ pits on the 10th Storey

- Multi-storey carpark below apartment block

- Full unobstructed views of Kallang Basin

- Highly accessible. Minutes to town and CBD. Lavender MRT station and buses at your doorstep.

- Available in 1 bdrm, 2 bdrms, 3 bdrms, Penthouses, SOHO Single level and SOHO Duplex

- Indicative prices: $600 psf for apartments; $950 psf for SOHOs

- Tenure: 99 years

With effect from 30th June 2006, SOHOs can no longer be purchased with CPF.

Unregistered101
23-09-08, 14:02
Concourse Skyline records strong residential sales in Singapore
Posted by luxuryasiahome on September 15, 2008

Over 60 apartments, or 70 per cent of first release, sold in a week -15 Sep 2008

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 per cent 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 $1,500 to $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,” Mr Cheong said.

Following the success of the private launch and in response to public demand, Hong Fok Corporation 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

168
23-09-08, 15:54
With Concourse Skyline in the pipeline, this will block most if not all the sea and IR views of Southbank and Citylight. So what will this do to the price????




Concourse Skyline records strong residential sales in Singapore
Posted by luxuryasiahome on September 15, 2008

Over 60 apartments, or 70 per cent of first release, sold in a week -15 Sep 2008

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 per cent 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 $1,500 to $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,” Mr Cheong said.

Following the success of the private launch and in response to public demand, Hong Fok Corporation 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

Unregistered101
24-09-08, 14:46
With Concourse Skyline in the pipeline, this will block most if not all the sea and IR views of Southbank and Citylight. So what will this do to the price????

Not sure if you got your facts right. The bay and sea view will never be blocked by Concourse Skyline from these two development. In fact, Concourse Skyline will be further away from MRT stn as compared to Southbank and Citylight (just 3-5 minutes by walking). Only if you can get a good stack which will come with high $psf then you can have the best view of the IR.

111
24-09-08, 16:24
Not sure if you got your facts right. The bay and sea view will never be blocked by Concourse Skyline from these two development. In fact, Concourse Skyline will be further away from MRT stn as compared to Southbank and Citylight (just 3-5 minutes by walking). Only if you can get a good stack which will come with high $psf then you can have the best view of the IR.

Concourse is just a street away from Nicoll MRT, with 2 blocks of 40 storey building coming up, what view is left for SB and Citylight? And for those who get below 30th floor is even worst view.

Anaylist100
26-09-08, 08:47
Concourse is just a street away from Nicoll MRT, with 2 blocks of 40 storey building coming up, what view is left for SB and Citylight? And for those who get below 30th floor is even worst view.

Looking at the aerial view of southbank and concourse, the view should not be blocked as it can see most of the Kallang bay and sea (even the future sportshub). In fact it is nearer to the sports hub than concourse. As for the distance to MRT, Southbank is just next to ICA and very near to the lavender mrt stn. As for Concourse, resident has to probably across a tunnel where across the nicoll highway to the underconstruction Nicoll highway mrt stn and this should be further than southbank/citylight to lavender mrt stn.


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

123
26-09-08, 12:46
Looking at the aerial view of southbank and concourse, the view should not be blocked as it can see most of the Kallang bay and sea (even the future sportshub). In fact it is nearer to the sports hub than concourse. As for the distance to MRT, Southbank is just next to ICA and very near to the lavender mrt stn. As for Concourse, resident has to probably across a tunnel where across the nicoll highway to the underconstruction Nicoll highway mrt stn and this should be further than southbank/citylight to lavender mrt stn.


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

Even if it don't block fully, but partially also sian what! Not forgeting if one day golden mile complex got enblock they will also built high rise hotel/residential that will be even worst.

Unregistered888
26-09-08, 23:14
Even if it don't block fully, but partially also sian what! Not forgeting if one day golden mile complex got enblock they will also built high rise hotel/residential that will be even worst.

In fact the kallang bay view is quite nice too compare to the marina bay view as shown by the photo of Finity88 - Bay by nite. Something will be built infront of Concourse Skyline and even Golden Mile someday as there is quite a lot of land out there. Southbank has already reach the coastline.

Reporter
17-11-08, 17:02
In fact the kallang bay view is quite nice too compare to the marina bay view as shown by the photo of Finity88 - Bay by nite. Something will be built infront of Concourse Skyline and even Golden Mile someday as there is quite a lot of land out there. Southbank has already reach the coastline.
The penthouse view would be the best!

moonk123
24-11-08, 13:39
Project Name-SOUTHBANK
Developer-Kings & Queens Development Pte Ltd
(UOL Group Limited / Low Keng Huat (Singapore) Limi)
Property Type-Apartment
Tenure - 99 Yrs From 27/01/2006
Total Units - 197
Completion Date - Est 30 Nov 2010
District - 7

http://www.virtualhomes.sg/FileUpload/Project/153/Images/ex1.jpg

http://www.virtualhomes.sg/FileUpload/Project/153/Images/in1.jpg

http://www.virtualhomes.sg/FileUpload/Project/153/Images/floor_typeA2.jpg

http://www.virtualhomes.sg/FileUpload/Project/153/Images/elevation.jpg

more details and see virtual tour from:
http://www.virtualhomes.sg/southbank

jasonlcl
01-12-08, 16:37
Anybody who visited the showflat last time, can help to furnish some information about the finishing and interior quality of Southbank's Condo Unit?:)

nochoice
02-12-08, 10:28
Looking at the aerial view of southbank and concourse, the view should not be blocked as it can see most of the Kallang bay and sea (even the future sportshub). In fact it is nearer to the sports hub than concourse. As for the distance to MRT, Southbank is just next to ICA and very near to the lavender mrt stn. As for Concourse, resident has to probably across a tunnel where across the nicoll highway to the underconstruction Nicoll highway mrt stn and this should be further than southbank/citylight to lavender mrt stn.


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

wanting to get a unit there, but there is a plot of land infront of the southbank, after the river bank. Went to ura master plan 2008 to see and is for residential development, wonder will it block southbank future view?

02-12-08, 16:35
when will be expected TOP? what are current prices Psf?

jasonlcl
02-12-08, 18:32
Don't think will block those units which are 20 floor and above cos the potential residential site near the river bank cannot be too high rise. The TOP date supposed to be Dec 2010 but based on the current construction progression, I think should be able to obtain TOP by 4th Quarter 2009. The current psf is around 890psf to 1,100psf...

DC33_2008
04-12-08, 07:12
Anybody who visited the showflat last time, can help to furnish some information about the finishing and interior quality of Southbank's Condo Unit?:)

You may want to go to http://www.skyscrapercity.com/showthread.php?t=358211 for more information on Southbank.

DC33_2008
05-12-08, 07:14
http://i332.photobucket.com/albums/m356/DC33_2008/DSC02579.jpg

sgseriousbuyer
26-12-08, 09:00
Those are the original developer's prices for units whose caveats were just lodged on resale. The usually transacted prices are between $1K+ to about $1.3K for unblocked high floors.

Hi Unreg888, how do you know that the prices are for the original developer's prices for units whose caveats were just lodged on resale?

Thanks!

dtrax
26-12-08, 14:21
You can check out nationproperty.sg for caveats logs that are sold under resale

DC33_2008
27-12-08, 10:12
You can check out nationproperty.sg for caveats logs that are sold under resale

URA WEBSITE (http://www.ura.gov.sg/realEstateWeb/realEstate/pageflow/transaction/TransactionController.jpf) IS AN OFFICIAL WEBSITE. Some caveats in nationproperty.sg is not in URA website.

DC33_2008
28-01-09, 10:47
36 STOREY! 4 MORE TO GO!

http://i332.photobucket.com/albums/m356/DC33_2008/DSC02704.jpg

http://i332.photobucket.com/albums/m356/DC33_2008/DSC02713.jpg


http://i332.photobucket.com/albums/m356/DC33_2008/DSC02706.jpg

jasonlcl
15-02-09, 17:34
So far did not see any owner discussion for Southbank?:confused:

highskies
16-02-09, 21:29
So far did not see any owner discussion for Southbank?:confused:

Hi, are you an owner of SB?

jasonlcl
17-02-09, 12:13
Yes I am, r u also an owner of SB?

DC33_2008
23-02-09, 21:19
http://i332.photobucket.com/albums/m356/DC33_2008/DSC02808.jpg

highskies
01-03-09, 22:03
Yes I am, r u also an owner of SB?

Yes, I am. Did u buy for rental or own stay? I bought for my own stay.

focus
01-03-09, 22:47
Dunno whether it will be noisy at night since it is by the main road..

jasonlcl
02-03-09, 19:07
I bought for rental..hope to rent out after TOP..as long as you close the window,you can hear min noise from the main road..

highskies
02-03-09, 21:40
I bought for rental..hope to rent out after TOP..as long as you close the window,you can hear min noise from the main road..

Wonder how many people bought with intention of renting out. Hope it is not too many as I think owners usually take better care of the property compared to people renting apts.

DC33_2008
03-03-09, 14:31
Dunno whether it will be noisy at night since it is by the main road..

Sound will propagate radially in all direction. However, the intensity of the sound will decrease with distance as air will dampen the noise. So! It depends on the height of the unit wrt to the source (traffic on the road).

Neolife
11-04-09, 15:06
For those who are bought SB units from developers, could i know the indicative price range that you guys got it for? thanks

cartman
18-04-09, 17:34
For those who are bought SB units from developers, could i know the indicative price range that you guys got it for? thanks

think its around 600+ to 700

Conservative
23-04-09, 00:28
think its around 600+ to 700

Initial launch price was $622psf.

jasonlcl
11-05-09, 20:01
Initial launch price was $622psf.

If I can afford,I will get another unit at Southbank. Quite like this project in view of its location which is very near to town and MRT.

jesuit
11-05-09, 20:45
Hope there will be a fire sale soon, interested in getting one 2 bedroom unit too but the current pricing is still kinda high to me. I'll jump in if it drops below to 700psf.

Btw, any idea is RC inclusive in the floor space? This topic had been brought up in skyscrapercity but so far no concrete answer.

DC33_2008
11-05-09, 22:04
Hope there will be a fire sale soon, interested in getting one 2 bedroom unit too but the current pricing is still kinda high to me. I'll jump in if it drops below to 700psf.

Btw, any idea is RC inclusive in the floor space? This topic had been brought up in skyscrapercity but so far no concrete answer.

The floor area includes a/c ledge and planter. The price will varies from stack to stack and floor to floor. If you look closely at some of the photos in skyscrapercity.com, you notice that the sunshade fins varies from floor to floor even within the same stack. You should also study the internal layout like kitchen windows, bedrooms, etc. The units in some stacks can have more useable area compare to other stack of the same size.

The last transaction was at 1022 psf. It should be above 30 floors.

jesuit
12-05-09, 00:08
The floor area includes a/c ledge and planter. The price will varies from stack to stack and floor to floor. If you look closely at some of the photos in skyscrapercity.com, you notice that the sunshade fins varies from floor to floor even within the same stack. You should also study the internal layout like kitchen windows, bedrooms, etc. The units in some stacks can have more useable area compare to other stack of the same size.

The last transaction was at 1022 psf. It should be above 30 floors.

Hi DC33
That is to say the RC ledge is NOT inclusive in the floor area (more prominent for stack 12)? Where is the sunshade fins that you have mentioned, can't really find it in skyscrapercity. And which stack are you referring to that will have more usable area? Thanks.

jc
12-05-09, 00:31
I wonder who paid $1022psf? IMHO i wouldn't even consider anything above $800psf. LH99 project n being in very close proximity to rental flats. It brings back memories where someone i know used to stay in such flats. Long dark alley 2 rows of units wif no windows facing corridor. I have nothing against them . But to pay a premium just to be a stone throw away? :doh:

DC33_2008
12-05-09, 10:04
Hi DC33
That is to say the RC ledge is NOT inclusive in the floor area (more prominent for stack 12)? Where is the sunshade fins that you have mentioned, can't really find it in skyscrapercity. And which stack are you referring to that will have more usable area? Thanks.

You can see the vertical sunshade fins varies from units to units in this photo. I suppose the Architect is to trying to break the monotonous outlook of the building facade.

http://i332.photobucket.com/albums/m356/DC33_2008/Southbank10May09.jpg

proud owner
12-05-09, 10:11
You can see the vertical sunshade fins varies from units to units in this photo. I suppose the Architect is to trying to break the monotonous outlook of the building facade.

http://i332.photobucket.com/albums/m356/DC33_2008/Southbank10May09.jpg

i think RC ledge IS included ... this is singapore .. charge you for every space ..

DC33_2008
12-05-09, 10:23
I wonder who paid $1022psf? IMHO i wouldn't even consider anything above $800psf. LH99 project n being in very close proximity to rental flats. It brings back memories where someone i know used to stay in such flats. Long dark alley 2 rows of units wif no windows facing corridor. I have nothing against them . But to pay a premium just to be a stone throw away? :doh:

Are you referring to the rear side of the block towards the city. It is going to be transformed if you look at the URA Masterplan for the rochor-bugis area. This is a prime land which the authority will want to maximise its value. If you look at the front of the block, many exciting things will be happening in that area. The rental flat that you refers to were the old days (>20 years...). The rental flats of today is very different at least for those opposite golden mile. They are upgraded and lots really neat and tidy. Anyway, learnt that golden mile is going to be enbloc and make way for new development. This area will be transformed. Wait for the southbeach development by CDL. I believe people willing to pay this price for the close proximity to CBD, near lavender MRT stn, good view to the bay area and sea, future sports hub and kallang riverside activities. Singapore is going to plan for 7 million by 2020. One of the ways is to replace old blocks by taller buildings!

http://img12.imageshack.us/img12/842/kallangriverside.jpg

jc
12-05-09, 11:40
Are you referring to the rear side of the block towards the city. It is going to be transformed if you look at the URA Masterplan for the rochor-bugis area. This is a prime land which the authority will want to maximise its value. If you look at the front of the block, many exciting things will be happening in that area. The rental flat that you refers to were the old days (>20 years...). The rental flats of today is very different at least for those opposite golden mile. They are upgraded and lots really neat and tidy. Anyway, learnt that golden mile is going to be enbloc and make way for new development. This area will be transformed. Wait for the southbeach development by CDL. I believe people willing to pay this price for the close proximity to CBD, near lavender MRT stn, good view to the bay area and sea, future sports hub and kallang riverside activities. Singapore is going to plan for 7 million by 2020. One of the ways is to replace old blocks by taller buildings!



Tks for the plan u post. But these aren't even abt Southbank. These are the new Kallang Riverside nearer to Kallang MRT. Riverine by the Park might be more appropriate. Bro u just go up to the few blks nearest to North Bridge Rd FC w/o crossing the road towards Beach Rd. Then u'll understand what i meant.

En-bloc for Golden Mile has been on the table for some time. Just like Pac Mansion, Bayshore Park, Mandarin Gdn, etc.... That is a hope... which i don't want to use my $$ to bet on :)

With the full potential of the area to be realised in 5 or more yrs time, plenty of riverside waterfront LH99 development would have been released for sale then. By then, we have 10yrs less on the SB lease.

DC33_2008
12-05-09, 13:36
Tks for the plan u post. But these aren't even abt Southbank. These are the new Kallang Riverside nearer to Kallang MRT. Riverine by the Park might be more appropriate. Bro u just go up to the few blks nearest to North Bridge Rd FC w/o crossing the road towards Beach Rd. Then u'll understand what i meant.

En-bloc for Golden Mile has been on the table for some time. Just like Pac Mansion, Bayshore Park, Mandarin Gdn, etc.... That is a hope... which i don't want to use my $$ to bet on :)

With the full potential of the area to be realised in 5 or more yrs time, plenty of riverside waterfront LH99 development would have been released for sale then. By then, we have 10yrs less on the SB lease.

Southbank is between Kallang Riverside and CBD. There is a link to these site which is not very far away. It could be like the ECP concept. You are right with the The $psf of such project will be much higher then!

jc
12-05-09, 15:28
Southbank is between Kallang Riverside and CBD. There is a link to these site which is not very far away. It could be like the ECP concept. You are right with the The $psf of such project will be much higher then!

I didn't say or imply that. New LH99 land can n might be sold at lower px depending on mkt conditions. Yes, SB is good only if it is cheap at below $800psf, near CBD in a less than ideal environment (not sure if the Thai community overruns to this part). 10yrs later might worth even less, as it is a LH99 depreciating asset :)

Conservative
30-06-09, 13:20
I believe the $1000psf unit could be a studio. With this kind of pricing above $1000psf, I might as well go for a D11 address!!

DC33_2008
30-06-09, 13:29
I believe the $1000psf unit could be a studio. With this kind of pricing above $1000psf, I might as well go for a D11 address!!

The caveat in June shows that the 2 and 3 bedrooms apartment at Southbank shows 1096 psf and 1055psf respectively. I suppose these are above 30 floors. It depends where in D11. Even the Vista Residence (D12) so called near Thomson area but in actual fact near Balestier is selling like hot cakes from $960psf for the lower floors. It all depends on the buyers' objectives.

Property_Owner
17-07-09, 12:25
What is the current pricing now?

DC33_2008
18-07-09, 07:42
What is the current pricing now?

The latest caveat from SISV is $1150 psf. I understand from the Southbank owner of a 1313 sqft unit at the skyscrapercity.com that he recently sold at $1142 psf. Sales is heating up at Southbank. My agent told me that another 2-bedroom unit was sold at $1200 psf. These are high floors unit.

jasonlcl
19-07-09, 10:27
Compared to other projects liked Citisq, Metro,The Peak,Silversea,Concourse Skyline, Citylights,etc,Southbank is still undervalued!

DC33_2008
20-07-09, 09:17
Compared to other projects liked Citisq, Metro,The Peak,Silversea,Concourse Skyline, Citylights,etc,Southbank is still undervalued!

I guess so! The nearby projects like Concourse Skyline has 21 caveats in June between $1300 and $1900 psf. Southbeach prices will be definitely higher. This will raise the price at Southbank. This is what happened at Silversea. The prices of $1300psf w/o sea view and $1600 with sea view have jacked up the price at Amber from $800+ to $1000+ psf.

Property_Owner
20-07-09, 09:34
I guess so! The nearby projects like Concourse Skyline has 21 caveats in June between $1300 and $1900 psf. Southbeach prices will be definitely higher. This will raise the price at Southbank. This is what happened at Silversea. The prices of $1300psf w/o sea view and $1600 with sea view have jacked up the price at Amber from $800+ to $1000+ psf.

Pal, it is worth to invest Southbank now? Or too late to enter? What is your view on Southbank capital upside and rental like? thanks

DC33_2008
20-07-09, 10:42
Pal, it is worth to invest Southbank now? Or too late to enter? What is your view on Southbank capital upside and rental like? thanks


Quoted from Vinlow who posted this a moment ago in the Concourse Skyline site. So! What do you think of the potential of capital gain at Southbank as concourse skyline is just a few bus-stops away along beach road.
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.


Quote:
Originally Posted by kengster
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?


http://forums.condosingapore.com/images/statusicon/user_online.gif http://forums.condosingapore.com/images/buttons/report.gif (http://forums.condosingapore.com/report.php?p=61843)

Property_Owner
20-07-09, 10:50
But it is true Southbank flooring is not marble?

jc
20-07-09, 15:47
Compared to other projects liked Citisq, Metro,The Peak,Silversea,Concourse Skyline, Citylights,etc,Southbank is still undervalued!

U r not comparing like with like. Less FH vs LH, CitySq vs Citylights, Metro vs Peak, Southbank vs Concourse Skyline, then Silversea. Southbank if 1st owner is value buy, Now, overpriced.

What's the rush for this project? There will be plenty of these kind of LH99 in future in the vicinity, in a better locality, further away from HDB rental flats.

jc
20-07-09, 15:53
I guess so! The nearby projects like Concourse Skyline has 21 caveats in June between $1300 and $1900 psf. Southbeach prices will be definitely higher. This will raise the price at Southbank. This is what happened at Silversea. The prices of $1300psf w/o sea view and $1600 with sea view have jacked up the price at Amber from $800+ to $1000+ psf.

Pal pls don't put Southbeach together with Southbank, they are in different locality although both starts wif South, hence not comparing like with like. Just like we dont compare Martin Place Residence with One Jervois, different locality though both somewhat in River Valley area.

:)

DC33_2008
21-07-09, 09:02
Pal pls don't put Southbeach together with Southbank, they are in different locality although both starts wif South, hence not comparing like with like. Just like we dont compare Martin Place Residence with One Jervois, different locality though both somewhat in River Valley area.

:)

Just highlighting the fact that Southbank June's caveat of beyond $1000psf could be due to the recent increase in $psf in Concourse. When Southbeach is developed, it will have implication on the surrounding development.

DC33_2008
21-07-09, 09:04
I wonder who paid $1022psf? IMHO i wouldn't even consider anything above $800psf. LH99 project n being in very close proximity to rental flats. It brings back memories where someone i know used to stay in such flats. Long dark alley 2 rows of units wif no windows facing corridor. I have nothing against them . But to pay a premium just to be a stone throw away? :doh:

So! You have the wrong judgement two months ago.

Property_Owner
21-07-09, 10:32
Just highlighting the fact that Southbank June's caveat of beyond $1000psf could be due to the recent increase in $psf in Concourse. When Southbeach is developed, it will have implication on the surrounding development.

The reason why I become interested in SB cause one of my kaki had been stocking up in SB, his latest is a studio and he bought it at 1140psf. I was wondering too since caveat lodged quite low recently, is this a good buy? Will prices keep going up for SB, that why here to find out whether still good to enter.

jc
22-07-09, 23:26
So! You have the wrong judgement two months ago.

This isn't a wrong judgement. I still stick to my belief i am not paying much more than the 1st owner for a unit there, n wondering in future why i am doing this to be neighbours with rental flats residents.

For a property mkt upturn, nearly every pty that u hold appreciates, SB included, so does Casa Merah, City Square, OA, Ardmore, etc. The group that loses are those that takes no action at all up to today.

jc
22-07-09, 23:30
The reason why I become interested in SB cause one of my kaki had been stocking up in SB, his latest is a studio and he bought it at 1140psf. I was wondering too since caveat lodged quite low recently, is this a good buy? Will prices keep going up for SB, that why here to find out whether still good to enter.

Any idea what is the reason your kaki buy at this px? So what px does he hope to sell off in future?

Property_Owner
23-07-09, 09:36
Any idea what is the reason your kaki buy at this px? So what px does he hope to sell off in future?

Mainly find a place to park his money. For long term investment.

DC33_2008
23-07-09, 09:39
This isn't a wrong judgement. I still stick to my belief i am not paying much more than the 1st owner for a unit there, n wondering in future why i am doing this to be neighbours with rental flats residents.

For a property mkt upturn, nearly every pty that u hold appreciates, SB included, so does Casa Merah, City Square, OA, Ardmore, etc. The group that loses are those that takes no action at all up to today.

You are right! The prices of most developments will appreciate. However, the difference is that those with greater potential will appreciate more. That is why there are successful and unsuccessful investors.

DC33_2008
23-07-09, 10:10
Mainly find a place to park his money. For long term investment.

Prices of properties in a land scare Singapore will increase. Can even think of leaving it to the next generation. My Dad bought a bought a piece of freehold land in the 60s. It is now more than 150 times in value. It may not appreciate for today's property but it may beyond the reach of the next generation if they want properties in good locations or they will be working even harder for the bank to repay the loan.

Property_Owner
23-07-09, 10:35
Prices of properties in a land scare Singapore will increase. Can even think of leaving it to the next generation. My Dad bought a bought a piece of freehold land in the 60s. It is now more than 150 times in value. It may not appreciate for today's property but it may beyond the reach of the next generation if they want properties in good locations or they will be working even harder for the bank to repay the loan.

too bad your friend dun want to sell me his stack 11. Sigh

DC33_2008
23-07-09, 10:46
too bad your friend dun want to sell me his stack 11. Sigh

If it is for investment, you can also consider the other stacks. Investors usually looks for one or two bedrooms. I was at Vista Residence yesterday, all the one and two bedrooms are sold out. Only left with the 3 bedrooms. It is easier to rent or sell later especially if the rental or price is going to go higher later. Your yield will be higher for rental and there will be more interest among the young people with limited budget.

Property_Owner
23-07-09, 10:52
If it is for investment, you can also consider the other stacks. Investors usually looks for one or two bedrooms. I was at Vista Residence yesterday, all the one and two bedrooms are sold out. Only left with the 3 bedrooms. It is easier to rent or sell later especially if the rental or price is going to go higher later. Your yield will be higher for rental and there will be more interest among the young people with limited budget.

I know for investment always go for small units. Easy to sell and rent. But reason why I want to go for this stack cause after studying, yup, one and only 3 room stack in SB and best view. Btw I had gotten a pictures from a agent taken from SB stack 11 itself. You can have the whole bay view and even seaview. Imagine 5 years down when Sport Hub is up. :cheers1:

DC33_2008
23-07-09, 11:15
I know for investment always go for small units. Easy to sell and rent. But reason why I want to go for this stack cause after studying, yup, one and only 3 room stack in SB and best view. Btw I had gotten a pictures from a agent taken from SB stack 11 itself. You can have the whole bay view and even seaview. Imagine 5 years down when Sport Hub is up. :cheers1:

You are right! The other stacks have not too worst off view towards the future sportshub, kallang basin and even the sea if you are on the high. If you study the layout properly, you have more useful area with fewer bay windows and smaller planters and balcony.Privacy is another issue as the main door of stack 11 is just adjacent to stack 12.

jc
27-07-09, 23:20
You are right! The prices of most developments will appreciate. However, the difference is that those with greater potential will appreciate more. That is why there are successful and unsuccessful investors.

Agree, there's why i didn't put my $ on SB. Your father has foresight. He put his $ on a FH land. There are better LH99 around... Gd luck :)

DC33_2008
27-07-09, 23:33
Well! The investment at southbank has already achieved good returns. It is a matter of how much to make before releasing it. Good investment = High returns at shortest possible time.

jasonlcl
04-08-09, 20:49
Centro's price starts from $1,180psf to $1,250psf for 17th floor (Far East released up to 17th floor only)..same price at Southbank!:scared-5:

DC33_2008
05-08-09, 08:18
I understand from the agent before the launch that the base price is $1110 - 1150 and $5000 for every floor upwards. FEO is going to launch in phases over the next 2-3 years after sell off phase 1.

DC33_2008
30-08-09, 00:14
http://i332.photobucket.com/albums/m356/DC33_2008/DSC03279.jpg

http://i332.photobucket.com/albums/m356/DC33_2008/DSC03280.jpg

http://i332.photobucket.com/albums/m356/DC33_2008/DSC03283.jpg

http://i332.photobucket.com/albums/m356/DC33_2008/DSC03290.jpg

http://i332.photobucket.com/albums/m356/DC33_2008/DSC03291.jpg

Daniel_Yee
03-09-09, 22:48
Anyone knows when is TOP expected?

kgchong
03-09-09, 23:24
is this sold out property?

DC33_2008
04-09-09, 09:13
is this sold out property?

This property was sold out after it was launched very shortly. The recent caveat has reached $1250psf.

Owners are hoping that the TOP will be in the 1st quarter of 2010.

Condorich
04-09-09, 09:53
This property was sold out after it was launched very shortly. The recent caveat has reached $1250psf.

Owners are hoping that the TOP will be in the 1st quarter of 2010.

Good location and stunning views... near to Lavender MRT and walk home from there.

Prices were lower in 4th Quater 08 and 1st Quarter 09. Great spectacular views, those facing bay ones... If you afford it... can consider.

jasonlcl
21-09-09, 22:48
Good location and stunning views... near to Lavender MRT and walk home from there.

Prices were lower in 4th Quater 08 and 1st Quarter 09. Great spectacular views, those facing bay ones... If you afford it... can consider.

Quite surprise that SB transacted prices r 10%-15% lower than Citylights.

mcmlxxvi
22-09-09, 09:10
Multi-storey carpark totally cheapened the development.

DC33_2008
23-09-09, 09:04
http://i332.photobucket.com/albums/m356/DC33_2008/DSC03365.jpg


http://www.businesstimes.com.sg/sub/...51248,00.html? (http://www.businesstimes.com.sg/sub/suite/story/0,4574,351248,00.html?)

Published September 22, 2009

Whopping $5m subsale loss for St Regis unit

By KALPANA RASHIWALA


A UNIT at St Regis Residences chalked up the biggest subsale loss in the first eight months of this year: a massive $5 million.

But on the flip side, it was also a unit at the same 999-year leasehold development which raked in the biggest gain of $1.39 million. The fifth floor unit was transacted in July at $9.5 million - up from the $8.1 million original purchase price. The seller had bought the unit direct from the developer in June 2006.

The loss-incurring unit, on the sixth floor, was sold in May. The transacted price was $7.98 million, compared to the nearly $13 million at which the apartment previously changed hands in July 2007, during the peak of the luxury housing market.

Interestingly, the $7.98 million subsale price for the property in May is not far off the $8.16 million that the apartment had been originally sold by the project's developer in June 2006.

Another St Regis apartment, this time on the 11th floor, was transacted at $7.8 million in June - $2.7 million lower than the $10.5 million the developer had sold the unit for in April 2007.

All three transactions were picked up in Savills Singapore's analysis of URA Realis caveats as at Aug 28.

Overall, in percentage terms, the most profitable subsale transaction this year yielded a 103 per cent gain.

It involved the sale of a 34th level unit at Southbank, located at North Bridge Road, for $1.64 million ($1,250 per square foot). The transaction last month is nearly double the $807,600 or $615 psf that the developer sold the unit for in July 2006.

The largest percentage loss of 41 per cent accrued to the seller of a unit on the 55th level of The Sail @ Marina Bay. The unit sold for about $1.89 million or $1,600 psf in January - lower than the nearly $3.2 million or $2,700 psf it was previously transacted at in June 2007.
http://forums.condosingapore.com/images/statusicon/user_offline.gif http://forums.condosingapore.com/images/buttons/report.gif (http://forums.condosingapore.com/report.php?p=71817)

mcmlxxvi
23-09-09, 10:40
July 2006 - market low right?

If investor can patiently hold for 3 years, he or she deserves to be rewarded.

But Southbank was DPS? :banghead:

Reporter
23-09-09, 23:53
.....

It involved the sale of a 34th level unit at Southbank, located at North Bridge Road, for $1.64 million ($1,250 per square foot). The transaction last month is nearly double the $807,600 or $615 psf that the developer sold the unit for in July 2006.

.....
http://forums.condosingapore.com/images/statusicon/user_offline.gif http://forums.condosingapore.com/images/buttons/report.gif (http://forums.condosingapore.com/report.php?p=71817)
I sold my 31st level in 2007 at $1,200psf.
He beats me by $50psf.
Cool!

kal
24-09-09, 01:01
becos his unit higher flr than yrs mah :)

mcmlxxvi
24-09-09, 08:41
Southbank is the overall winner! All around gains... very minimal losses.

However still can't get over the multi-storey carpark... :tongue3:

focus
24-09-09, 14:53
Southbank is the overall winner! All around gains... very minimal losses.

However still can't get over the multi-storey carpark... :tongue3:


Uh ..what is wrong with the multi-storey carpark?
One Raffles Quay also have multi-storey carpark.. even [email protected] have multi-storey carpark.

It's one of the consideration that weighs heavily on owner-occupied property ..as I myself have 3 cars in the family and I can't get by with 1 car park lot or even having to ballot for it.

Property_Owner
24-09-09, 19:27
I sold my 31st level in 2007 at $1,200psf.
He beats me by $50psf.
Cool!

For infor a transaction was done @ 1285psf already.

jasonlcl
24-09-09, 22:14
For infor a transaction was done @ 1285psf already.

How come Southbank's 1 and 2 bedrooms prices r lower than Citylights?I though new project should ve the edge in pricing..mayb it is due to their facilities..

Reporter
25-09-09, 00:45
For infor a transaction was done @ 1285psf already.
This high-floor unit is part of the best-facing stack.

Let's see if Southbank can get nearer to Concourse Skyline's high of $2,200psf.



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

mcmlxxvi
25-09-09, 10:48
I think Southbank owners shan't be too greedy... already the best performing development of the year to date in terms of gains. Don't end up like St Regis highest performing loser as well. :hell-hath-no-fury:

Property_Owner
25-09-09, 11:16
I think Southbank owners shan't be too greedy... already the best performing development of the year to date in terms of gains. Don't end up like St Regis highest performing loser as well. :hell-hath-no-fury:

How not to be greedy when you are owner of a property. Unless you owns montebleu!!!!! 27 units sell @ loss:doh: :doh: :doh:

jataro
25-09-09, 11:17
Uh ..what is wrong with the multi-storey carpark?

It's nothing wrong if it is within the same block or connected to all the blocks and not those HDB's carpark design where you may have to walk a few blocks away.

Property_Owner
25-09-09, 11:29
It's nothing wrong if it is within the same block or connected to all the blocks and not those HDB's carpark design where you may have to walk a few blocks away.

All least better then those FEO multi storey design.
Have to walk damn far

DC33_2008
25-09-09, 14:15
All least better then those FEO multi storey design.
Have to walk damn far

Your private messages quota has been reached. You may want to clear them so that I can send a message to you.

Property_Owner
25-09-09, 14:19
Your private messages quota has been reached. You may want to clear them so that I can send a message to you.


Ok, done. Too mant people pm me for good buy. :)

mcmlxxvi
25-09-09, 15:22
How not to be greedy when you are owner of a property. Unless you owns montebleu!!!!! 27 units sell @ loss:doh: :doh: :doh:

Ya why ah? Did most of them buy high px?

Property_Owner
26-09-09, 11:42
Ya why ah? Did most of them buy high px?

For a property that so many people sell @ loss, only one word! Speculation!!!!!
What does that mean when you buy now? You could see more of them [email protected] loss coming closer to TOP. I read yesterday's paper. Some one adver Montebleu under D9/10 as Montebleu @ Novena......:doh: :doh: :doh:

mezo
30-09-09, 22:38
This high-floor unit is part of the best-facing stack.

Let's see if Southbank can get nearer to Concourse Skyline's high of $2,200psf.

The water pumping station directly in front of Southbank (across the road) is being demolished now. Pumping station are subsequently phased out after Changi Water Reclamation Plant is operational and land is freed up as a result.

Potential for it to be rezoned as residential since it is sitting on prime estate. Maybe a new condo there?

DC33_2008
02-10-09, 12:54
The water pumping station directly in front of Southbank (across the road) is being demolished now. Pumping station are subsequently phased out after Changi Water Reclamation Plant is operational and land is freed up as a result.

Potential for it to be rezoned as residential since it is sitting on prime estate. Maybe a new condo there?

Nothing shown on the model at URA.

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

Squall8888
02-10-09, 23:04
1930psf for Icon. Will this drive Southbank to 1600psf like 2007?


ICON GOPENG STREET Apartment 1 2,160,000 1,119 Strata 1,930 Sep-09 :scared-5::scared-5::scared-5:

Reporter
09-10-09, 13:05
http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Suburban home prices soar
Some mid-tier projects have topped previous peaks, figures based on URA data show
Fiona Chan
The Straits Times
Friday, 9 October 2009

http://www.straitstimes.com/STI/STIMEDIA/image/20091008/front-fiosurpass.jpg
Citylights, a new condominium which incorporates conservation shophouses in its layout, is almost complete. In the left background are HDB flats along Jellicoe Road. -- Photo: ST

House hunters: If it feels like that suburban condominium you are eyeing is just as expensive now as it was during the 2007-2008 property boom, that is because it probably is.

Although overall private home prices are still some 15% below recent peaks, prices of mass market homes have already climbed back to the levels of early last year, right before the recession hit.

According to the Urban Redevelopment Authority’s (URA’s) latest estimate, released last week, prices of suburban private homes are just 3% shy of their peak levels in the second quarter of last year.

Some individual projects – such as Seletaris in Yio Chu Kang and Casa Merah in Tanah Merah – have already surpassed these levels, going by calculations done by The Straits Times using data from URA’s Realis database.

For mid-tier properties, URA’s data indicated prices remain about 15% off peaks last year.

But some condos in this category are also bucking the trend, with higher prices in the third quarter this year than in the property boom just past.

In the Jalan Besar area, for instance, three condominiums – Citylights, Southbank, and City Square Residences – are now commanding higher average psf than they did at the height of the boom, according to The Straits Times’ calculations.

The calculations compared these condos’ average price psf in the third quarter this year with the second quarter of last year. All the projects had several sales in the most recent quarter, but some had as few as two in the second quarter of last year as sentiment tapered off ahead of the recession.

Similarly, in the East Coast area, projects such as The Esta and The Sea View have already breached their peak average psf prices. This pattern has also cropped up in selected condos from Clementiwoods in Clementi to The Regency @ Tiong Bahru.

While launches of suburban condos have seen a massive surge in demand in recent months, resales of existing homes have so far stayed out of the limelight. But they have also been appreciating in value as sentiment in the real estate market goes from strength to strength, said property consultants.

'For mass-market leasehold projects outside the prime areas, just based on resale prices, we have almost gone back to the 2007-2008 levels,' said Ms Chua Chor Hoon, head of South-east Asia research at DTZ Debenham Tie Leung.

According to her research, the average price of a leasehold non-landed resale home rose to $610 psf in the third quarter of this year, a mere $5 psf less than the most recent peak of $615 psf.

With private home prices still on an uptrend, having jumped a 20-year record of 16% in the third quarter this year, it seems just a matter of time before suburban condo prices hit new highs.

But consultants say this may not necessarily happen, at least not by the end of this year.

For one thing, the Government’s measures to cool the property market, announced last month, could have a dampening effect on home sales and moderate price increases.

This is unlikely to hit actual demand for homes, but the announcement’s psychological impact could cause a knee-jerk reaction and help prevent private home prices from escalating at an unsustainable pace, said Ms Tay Huey Ying, director of research and advisory at property firm Colliers International.

'As it is, the stand-offs between buyers and sellers in the secondary market are showing signs of a return,' she said. Buyers are also starting to complain about the higher prices of mass market homes.

'We have seen a slight slowdown in sales generally in the market, partly because of the prices, and partly because of the Government’s announcements,' she said, adding that prices have yet to suffer.

'I think some people are refusing to pay high prices, but sellers are not lowering their asking prices, so we are seeing the number of inquiries and also transactions come down a bit.'

DC33_2008
14-10-09, 08:50
THE ROOF IS FORMING AT SOUTHBANK FOR THE RESIDENTIAL BLOCK AND THE FACADE IS COMPLETING SOON.

http://i332.photobucket.com/albums/m356/DC33_2008/DSC03401.jpg

DC33_2008
02-11-09, 08:58
http://i332.photobucket.com/albums/m356/DC33_2008/DSC03419.jpg

azeoprop
06-12-09, 19:38
Come to know about this interesting development as I was on the way to eat the Tai Hwa bak chor mee...All this while I thought it was an office building..until now haa haa... Too bad the price now is so high, if I had known earlier could have bought it during april at a much lower price. :banghead:

Property_Owner
06-12-09, 19:42
Come to know about this interesting development as I was on the way to eat the Tai Hwa bak chor mee...All this while I thought it was an office building..until now haa haa... Too bad the price now is so high, if I had known earlier could have bought it during april at a much lower price. :banghead:


How much was quoted to you?
I have a unit there:)

iamforum
06-12-09, 19:43
How much was quoted to you?
I have a unit there:)

Whats so good about tis project?

Property_Owner
06-12-09, 19:44
Whats so good about tis project?

What's so bad abt this project?

Property_Owner
06-12-09, 19:50
Too bad the price now is so high, if I had known earlier could have bought it during april at a much lower price. :banghead:


In april you will say tat you should had bought it in Jan at much lower price. NOw you mention ''April''. Next labour day you will mention you could had bought in last xmas

Property_Owner
06-12-09, 19:51
What's so bad abt this project?


Double post.

Property_Owner
06-12-09, 19:52
Whats so good about tis project?


at least better then Citylights and City square.

azeoprop
06-12-09, 19:58
The Good:
Can eat Tai Hwa Bak Chor Mee everyday haa haa. Anyway I have bought another project liaoz, no money now haa haa. Too bad. :beats-me-man:

sleek
06-12-09, 20:01
The Good:
Can eat Tai Hwa Bak Chor Mee everyday haa haa. Anyway I have bought another project liaoz, no money now haa haa. Too bad. :beats-me-man:

Wah! Which one? :spliff:

azeoprop
06-12-09, 20:04
Wah! Which one? :spliff:

Your one loh :rolleyes:

iamforum
06-12-09, 20:05
at least better then Citylights and City square.

Why better then citylights and city square?:o

sleek
06-12-09, 20:08
Your one loh :rolleyes:

What about The Mezzo? ;)

iamforum
06-12-09, 23:12
at least better then Citylights and City square.

Why better?

is facing a big drain ...

:o

isaaclim
07-12-09, 12:11
at least better then Citylights and City square.

Please enlighten us!

DC33_2008
10-12-09, 08:39
Why better?

is facing a big drain ...

:o

A building has four sides. Only one side faces it and fortunately only the shorter side with two units facing it. The other 3 sides has good view towards the bay, basin and sea.

Reporter
22-12-09, 11:21
1930psf for Icon. Will this drive Southbank to 1600psf like 2007?


ICON GOPENG STREET Apartment 1 2,160,000 1,119 Strata 1,930 Sep-09 :scared-5::scared-5::scared-5:
Who knows? Maybe very soon?

Southbank is now $1,350 psf. It's just $250 psf away from $1,600 psf.


A studio just sold @ 1350psf. Hahaha

jasonlcl
22-12-09, 21:13
Who knows? Maybe very soon?

Southbank is now $1,350 psf. It's just $250 psf away from $1,600 psf.

I got a few offers at $1,300psf plus..lucky I rejected!

Property_Owner
23-12-09, 00:15
I got a few offers at $1,300psf plus..lucky I rejected!


This unit sold is a #38. You mean you own the PH?

Squall8888
23-12-09, 08:43
I don't think you need the penthouse to get 1300+ offer. Now, no units selling below 1300psf. Most are asking 1400psf and above. Those that will sell are those 1350psf but low floor.




This unit sold is a #38. You mean you own the PH?

Property_Owner
23-12-09, 08:46
I don't think you need the penthouse to get 1300+ offer. Now, no units selling below 1300psf. Most are asking 1400psf and above. Those that will sell are those 1350psf but low floor.

You sure? So fast 1400psf? haha. Huat ah

Squall8888
23-12-09, 09:16
Yah. I was actually trying my luck with going to TOP projects. Hoping to sell them after TOP because usually, the price will go up 10-20%. Southbank is one of them. Realised that it is even higher than citylights. Studio vs studio. So decided to drop the idea. You own one unit there I supposed?

From the agents, I know one mid floor stack 6 asking 1320psf nett. One low floor stack 9, facing pool, 1350psf slightly nego. Owner just rejected a 1320psf cheque.

You can call agents if you want to confirm this.





You sure? So fast 1400psf? haha. Huat ah

jasonlcl
23-12-09, 23:23
Yah. I was actually trying my luck with going to TOP projects. Hoping to sell them after TOP because usually, the price will go up 10-20%. Southbank is one of them. Realised that it is even higher than citylights. Studio vs studio. So decided to drop the idea. You own one unit there I supposed?

From the agents, I know one mid floor stack 6 asking 1320psf nett. One low floor stack 9, facing pool, 1350psf slightly nego. Owner just rejected a 1320psf cheque.

You can call agents if you want to confirm this.

Agreed!I got the same information..most studio owners (2nd,3rd or even 4th owner) bought at between $1,150psf-$1,250psf hence have to sell above $1,350psf to have small profit.

kal
24-12-09, 21:24
Southbank #2x-08 kallang bayview, 2bdrm, 958sq ft at $1250psf. Any taker? :):):):):)Its Christmas !!:):):):):)

Reporter
06-01-10, 00:24
Who knows? Maybe very soon?

Southbank is now $1,350 psf. It's just $250 psf away from $1,600 psf.
Err ... $1,351 psf ... $1-psf decrepancy again?


Southbank
Address ................................. psf ................ Area ........ Price .......... Contract Date
881 North Bridge Road #38-09 ..... $1,351 psf ..... 614 sqft .... $828,000 ..... 4 Dec 09

Squall8888
06-01-10, 08:34
Assuming 10% increase after TOP, will hit 1500 psf?






Err ... $1,351 psf ... $1-psf decrepancy again?


Southbank
Address ................................. psf ................ Area ........ Price .......... Contract Date
881 North Bridge Road #38-09 ..... $1,351 psf ..... 614 sqft .... $828,000 ..... 4 Dec 09

DC33_2008
11-01-10, 08:19
GOOD NEWS FOR SOUTHBANK!

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.
http://forums.condosingapore.com/images/statusicon/user_offline.gif http://forums.condosingapore.com/images/buttons/report.gif (http://forums.condosingapore.com/report.php?p=81853)

Reporter
25-01-10, 21:49
Btw I was just told a studio had been sold @ 1438psf. :banana:
Southbank's resale nëw hïgh $1,438 psf is surely nicer than last high $1,351.

38, sum fatt! Fatt ah!

DC33_2008
17-02-10, 11:59
http://i332.photobucket.com/albums/m356/DC33_2008/DSC03578.jpg

http://i332.photobucket.com/albums/m356/DC33_2008/DSC03593.jpg

http://i332.photobucket.com/albums/m356/DC33_2008/DSC03584.jpg

mcmlxxvi
17-02-10, 16:34
I've always loved Southbank's artist impression.... however the finished product leaves some to be desired. It looks 'tired' and 'worn' for some reason I can't quite get a grasp of.

It looks kinda dense and reminiscent of People's Park Complex. The Riverine nearby gives a much more spacious and airy feel.

sleek
17-02-10, 17:41
I've always loved Southbank's artist impression.... however the finished product leaves some to be desired. It looks 'tired' and 'worn' for some reason I can't quite get a grasp of.

It looks kinda dense and reminiscent of People's Park Complex. The Riverine nearby gives a much more spacious and airy feel.

Find that it looks vaguely similar to MOE Headquarters in Buona Vista? :D

Regulators
17-02-10, 20:50
southbank seems kinda crammed and reminds me of those condos in HK


I've always loved Southbank's artist impression.... however the finished product leaves some to be desired. It looks 'tired' and 'worn' for some reason I can't quite get a grasp of.

It looks kinda dense and reminiscent of People's Park Complex. The Riverine nearby gives a much more spacious and airy feel.

DC33_2008
18-02-10, 07:46
I've always loved Southbank's artist impression.... however the finished product leaves some to be desired. It looks 'tired' and 'worn' for some reason I can't quite get a grasp of.

It looks kinda dense and reminiscent of People's Park Complex. The Riverine nearby gives a much more spacious and airy feel.

I thought Riverine is like a HDB point block with the Grey block at the roof top seems too big. The soho block compliment the highrise apartment block which gives it the uniqueness as a whole. It should be quite a nice sight at night with lights from both the SOHO and apartment blocks when view from nicoll highway.

Squall8888
18-02-10, 08:39
Same here. I thought it was a HDB all these while. Until the fencing all up before I realise it is a condo.

Which is worse, Condo that looks like HDB or Condo that doesn't look as impressive as the drawing? Haha.





I thought Riverine is like a HDB point block with the Grey block at the roof top seems too big. The soho block compliment the highrise apartment block which gives it the uniqueness as a whole. It should be quite a nice sight at night with lights from both the SOHO and apartment blocks when view from nicoll highway.

DC33_2008
18-02-10, 08:58
Same here. I thought it was a HDB all these while. Until the fencing all up before I realise it is a condo.

Which is worse, Condo that looks like HDB or Condo that doesn't look as impressive as the drawing? Haha.

It is not too far off from the artiste impression of Southbank.

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

To me, the location and view to the surrounding is more important.

http://i332.photobucket.com/albums/m356/DC33_2008/Kallangbaymoonlighttx41-1.jpg

Squall8888
18-02-10, 14:12
Eh... These 2 pictures are world apart. One has building, one showing the black river.






It is not too far off from the artiste impression of Southbank.

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

To me, the location and view to the surrounding is more important.

http://i332.photobucket.com/albums/m356/DC33_2008/Kallangbaymoonlighttx41-1.jpg

DC33_2008
18-02-10, 14:44
Eh... These 2 pictures are world apart. One has building, one showing the black river.

Not comparing these two photos. Trying to compare the first photo with the completed building in an earlier post.

mcmlxxvi
18-02-10, 16:53
It is not too far off from the artiste impression of Southbank.


Don't mean to nitpick but the artist impression shows the bay window sections all glass covered, giving the building a continuous classy glassy facade look.

The real product ... well.

DC33_2008
19-02-10, 07:56
Don't mean to nitpick but the artist impression shows the bay window sections all glass covered, giving the building a continuous classy glassy facade look.

The real product ... well.

It does show the bay window for some of the units like the penthouse. Can one sue the developer for misrepresentation?

mcmlxxvi
19-02-10, 08:51
It does show the bay window for some of the units like the penthouse. Can one sue the developer for misrepresentation?

I don't think you can in this case - because 'artist impression' is at best, an impression. Furthermore, it's an artist's. Not an architect's impression.

DC33_2008
19-02-10, 09:00
I don't think you can in this case - because 'artist impression' is at best, an impression. Furthermore, it's an artist's. Not an architect's impression.

In fact someone had observed that the soho block is lower in the picture than the as-built building. This has great impact on those who bought units on the mid floor of the stack next to the soho block thinking that they will have a view towards the north. On the other hand, they may be lucky as they will be protected from the afternoon's sun.

Squall8888
19-02-10, 09:02
of course not lah... they always put a clause that the pictures are for illustration purposes only.. anyway, why you want to sue? from far, I can see that the building really stand out and is quite nice..




It does show the bay window for some of the units like the penthouse. Can one sue the developer for misrepresentation?

DC33_2008
19-02-10, 09:51
of course not lah... they always put a clause that the pictures are for illustration purposes only.. anyway, why you want to sue? from far, I can see that the building really stand out and is quite nice..

Just asking a general question.I like it too!

Reporter
26-02-10, 21:26
Southbank's resale nëw hïgh $1,438 psf is surely nicer than last high $1,351.

38, sum fatt! Fatt ah!
Caveat for $1,438 psf not out yet. So fat, it's only $1,360 psf.


Southbank
Address ................................. psf ................ Area ........ Price .......... Contract Date
881 North Bridge Road #35-06 ..... $1,360 psf ..... 592 sqft .... $805,000 ..... 3 Feb 10

DC33_2008
04-03-10, 08:30
#25-06 $1292 592 $765k 08 Feb 10


#27-06 $1361 592 $806k 05 Feb 10

DC33_2008
04-03-10, 08:54
Just learnt that another studio unit was sold at $1380psf. This will be the new high.

Reporter
12-03-10, 20:59
SOUTHBANK HIT NEW HIGH AT $1450PSF AT HIGH FLOOR!
$1,450 psf for Southbank?
Oh my goodness!

Squall8888
12-03-10, 22:01
What do you expect when a studio in katong launch at 1450 psf up to 1550 psf for studio. But no MRT and further away from city. If that can fetch 1500 psf, then 1450 psf is underpriced. Haha.

mcmlxxvi
13-03-10, 09:40
What do you expect when a studio in katong launch at 1450 psf up to 1550 psf for studio. But no MRT and further away from city. If that can fetch 1500 psf, then 1450 psf is underpriced. Haha.
katong iz unque n cultrl whr southbnk iz sir lnd...

DC33_2008
14-03-10, 16:54
Southbank may take away some of the prospective tenants of Katong area because of distance to CBD, mrt, view,etc.

DC33_2008
15-03-10, 09:21
SOUTHBANK UNDERVALUED GIVEN ITS PROXIMITY TO CBD AND MRT STN, VIEW, COMPARED TO VISION WITH VIEW OF THE OIL REFINERIES, NO MRT, ETC.
Cheung Kong has a grand Vision for the West Coast
March 15, 2010
By Emilyn Yap
CHEUNG Kong has set its sights on building the tallest - and perhaps priciest - condominium project in the West Coast area.

The Hong Kong developer will launch The Vision at West Coast Crescent this weekend. It plans to release no more than 100 units at the 99-year leasehold project, and the average asking price will range from $1,000-$1,200 per sq ft (psf).

taggy
15-03-10, 11:36
SOUTHBANK UNDERVALUED GIVEN ITS PROXIMITY TO CBD AND MRT STN, VIEW, COMPARED TO VISION WITH VIEW OF THE OIL REFINERIES, NO MRT, ETC.

my turn to me reporter once :D

Source : Straits Times – 15 Mar 2010
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 (http://lushhomemedia.com/2008/09/08/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.
---------------

any one know how is this Concourse Skyline doing ?
this report suggest it is slow in sales... ?
i think this project might affect prices of Southbank and Citylights... ?

me vested interest in CL :p

Reporter
15-03-10, 11:46
my turn to me reporter once :D

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

any one know how is this Concourse Skyline doing ?
this report suggest it is slow in sales... ?
i think this project might affect prices of Southbank and Citylights... ?

me vested interest in CL :p
Thanks for the news.

Anyway, just curious.
Why did you post it in Southbank instead of Concourse Skyline?

taggy
15-03-10, 13:43
Thanks for the news.

Anyway, just curious.
Why did you post it in Southbank instead of Concourse Skyline?

bec i only interested in southbank and CL prices :D and i very seldom see ppl posting in Concourse Skyline thread....:p

mcmlxxvi
15-03-10, 14:44
Southbank may take away some of the prospective tenants of Katong area because of distance to CBD, mrt, view,etc.

fully agree.

DC33_2008
15-03-10, 16:33
my turn to me reporter once :D

Source : Straits Times – 15 Mar 2010
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 (http://lushhomemedia.com/2008/09/08/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.
---------------

any one know how is this Concourse Skyline doing ?
this report suggest it is slow in sales... ?
i think this project might affect prices of Southbank and Citylights... ?

me vested interest in CL :p

It is only for selected units: maybe not so good facing units?

DC33_2008
21-03-10, 17:00
STACKS 7-11 OF SOUTHBANK SHOULD HAVE SIMILAR SUNRISE VIEW LIKE THE SAIL


http://img221.imageshack.us/img221/7871/sunriseatthesail.jpg

SOURCE: Nig, The sail.

Reporter
28-03-10, 23:00
Southbank 2 bedders 2x-12 sold 1500 psf :doh:
$1,500 psf? A nëw hïgh?

OK. Southbank, you win! I have nothing to say.

Condorich
29-03-10, 09:40
Sept 09. Good location and stunning views... near to Lavender MRT and walk home from there.

Prices were lower in 4th Quater 08 and 1st Quarter 09. Great spectacular views, those facing bay ones... If you afford it... can consider.

http://forums.condosingapore.com/showthread.php?p=69023#post69023


Can claim to have foresight when the results speak for themselves.

DC33_2008
29-03-10, 09:59
Can it go beyond $1500?

Property_Owner
29-03-10, 10:09
http://forums.condosingapore.com/showthread.php?p=69023#post69023


Can claim to have foresight when the results speak for themselves.


Can you enlighten us again. Where is under value now? I'm running out of idea where to buy.....

gfoo
29-03-10, 10:22
Can you enlighten us again. Where is under value now? I'm running out of idea where to buy.....

egardns :)

Condorich
29-03-10, 11:34
Can you enlighten us again. Where is under value now? I'm running out of idea where to buy.....

You might want to consider The Riverine by the Park, near to Kallang MRT and the only FH in that vicinity. Get only those with good views of the stadium or flyer and high floors. Usual caveat emptor applies. Do that that the holding period for this baby will be in the 5 yrs to 10 years horizon or longer.

398 Kallang Road #11-04 Freehold $1286 980 $1260k 26 Jul 09
398 Kallang Road #10-04 Freehold $1174 980 $1150k 21 Jul 09
398 Kallang Road #06-04 Freehold $1131 980 $1107k 06 Jul 09
398 Kallang Road #07-04 Freehold $1123 980 $1100k 25 May 09

Squall8888
29-03-10, 11:50
I suggest anyone who want to buy to go down URA to take a look at the layout. 100% blocked in time to come and government already waiting for tender to release the land. Furthermore, this condo is sandwiched between two MRTs so have to consider that as well if you are buying for rental. Just my opinion.






You might want to consider The Riverine by the Park, near to Kallang MRT and the only FH in that vicinity. Get only those with good views of the stadium or flyer and high floors. Usual caveat emptor applies. Do that that the holding period for this baby will be in the 5 yrs to 10 years horizon or longer.

398 Kallang Road #11-04 Freehold $1286 980 $1260k 26 Jul 09
398 Kallang Road #10-04 Freehold $1174 980 $1150k 21 Jul 09
398 Kallang Road #06-04 Freehold $1131 980 $1107k 06 Jul 09
398 Kallang Road #07-04 Freehold $1123 980 $1100k 25 May 09

Condorich
29-03-10, 12:03
I suggest anyone who want to buy to go down URA to take a look at the layout. 100% blocked in time to come and government already waiting for tender to release the land. Furthermore, this condo is sandwiched between two MRTs so have to consider that as well if you are buying for rental. Just my opinion.

Thanks... actually, no need to go down to ura... check the masterplan online

http://www.ura.gov.sg/mp08/map.jsf?goToRegion=SIN

If it is blocked, then no point to go for the views... but that area has good potential.

I've checked again, it is 3.5 plot and the plot directly infront of it is 2.8 plot Hotel.. surrounding mostly Hotels by the banks with plot of 2.8.. views could be blocked with two 3.5 hotel plot towards the stadium. But at least the bay view is not blocked. This is a great area if you have the money and the holding power. If not wait for LH99 around those area with plot ratio of 5.6..

Caveat Emptor

jasonlcl
29-03-10, 20:27
$1,500 psf? A nëw hïgh?

OK. Southbank, you win! I have nothing to say.

Any taker for studio at 2x-06 for $1,500 psf since 2 bedrooms is already at this price?Can send me private message..

Squall8888
30-03-10, 09:53
.................

DC33_2008
30-03-10, 10:39
Just called UOL earlier. The TOP should be end of next week. UOL lawyer will be writing to our lawyer to release the money. Key collection will be in batches starting with the top floors. We should be go in probably the week after.

tanumy
30-03-10, 10:42
better sell n buy unit in D18.:)


Just called UOL earlier. The TOP should be end of next week. UOL lawyer will be writing to our lawyer to release the money. Key collection will be in batches starting with the top floors. We should be go in probably the week after.

Condorich
30-03-10, 12:06
I've been watching riverine by the park for a long time..

Stack 4 doesn't have much views and perhaps that is why it is sold. The best stacks are stack 2 and 3... and those above 25 storeys. It can be very rare and difficult to find them in the market at a cheap price.

http://www.singaporeexpats.com/housing-in-singapore/singapore-property/site-plan-THE-RIVERINE-BY-THE-PARK.htm

http://www.skyscrapercity.com/showthread.php?t=384940 (some views)

300 meters away.. a truely walking distance.

Back to Southbank... in case I get flamed for side tracking.

DC33_2008
13-04-10, 15:10
IT HOT AT SOUTHBANK! MAYBE B'COS OF WATERBANK

#12-09 $1396 614 $856k 29 Mar 10

Reporter
19-04-10, 00:02
#16-09 sold yest @ $1510psf. Wah seem like now lower floor in demand.
$1,510 psf? Southbank 16th-storey unit sold on Saturday?

Property_Owner
19-04-10, 00:24
$1,510 psf? Southbank 16th-storey unit sold on Saturday?


What is heard is #17-09 bought by China buyer. Price 1520psf. 4 weeks completion, which means cash payment!

Reporter
19-04-10, 00:33
What is heard is #17-09 bought by China buyer. Price 1520psf. 4 weeks completion, which means cash payment!So Southbank's hïgh should be $1,520 psf - not $1,510 psf?

Pay by cash means no caveat lodged. So we won't see it?

DC33_2008
19-04-10, 08:58
So Southbank's hïgh should be $1,520 psf - not $1,510 psf?

Pay by cash means no caveat lodged. So we won't see it?

I have friends in Shanghai who said that the Chinese buy property by bringing in bags of cash. THe largest denomination of yuan is only 100. A million dollar yuan will mean many bags. They have to bring in a few more notes counting machines. Maybe property developer in Singapore will have to equip with a lot more of those machines. May be good to invest in such companies.

urban
19-04-10, 11:02
I have friends in Shanghai who said that the Chinese buy property by bringing in bags of cash. THe largest denomination of yuan is only 100. A million dollar yuan will mean many bags. They have to bring in a few more notes counting machines. Maybe property developer in Singapore will have to equip with a lot more of those machines. May be good to invest in such companies.

When will MAS wise up to this new phenomenon of possible 'money laundering' activities? Hopefully, they have wired their money into Singapore, like the should.

loonymaloney
19-04-10, 11:49
i think the chinese would have exchanged their RMB into USD through 'some other methods' before coming over to sg. there's a demand for their RMB one lah :)


When will MAS wise up to this new phenomenon of possible 'money laundering' activities? Hopefully, they have wired their money into Singapore, like the should.

focus
19-04-10, 14:53
When will MAS wise up to this new phenomenon of possible 'money laundering' activities? Hopefully, they have wired their money into Singapore, like the should.

actually.. within singapore itself.. if you are doing the vices locally, you will get tons of cash. You use cash to buy properties.. and then sell it to get cash and pay taxes. Nobody will question you too..

So is the china bringing in money new?

focus
19-04-10, 15:04
actually.. within singapore itself.. if you are doing the vices locally, you will get tons of cash. You use cash to buy properties.. and then sell it to get cash and pay taxes. Nobody will question you too..

So is the china bringing in money new?

Probably properties are bought & sold at the Layering and Integration Phase..
http://money.howstuffworks.com/money-laundering1.htm

Interesting stuff..keke.. donno whether it is really workable..

loonymaloney
19-04-10, 15:13
just go to a random casino in macau (not been to the sg one though) and you'll know in 2 seconds how it's done.


Probably properties are bought & sold at the Layering and Integration Phase..
http://money.howstuffworks.com/money-laundering1.htm

Interesting stuff..keke.. donno whether it is really workable..

jeremytan1986
20-04-10, 01:35
Anyone interested 38th floor selling at 1450 psf ?

proud owner
20-04-10, 01:59
I have friends in Shanghai who said that the Chinese buy property by bringing in bags of cash. THe largest denomination of yuan is only 100. A million dollar yuan will mean many bags. They have to bring in a few more notes counting machines. Maybe property developer in Singapore will have to equip with a lot more of those machines. May be good to invest in such companies.


cash ???


dont they know travellers bringing in cash more than 10k have to declare ?

i hope they did .. and i also hope our immigration is diligent enough to check ..

if china was duplicate everything /.. including milk powder .. i am not surprise they can also 'make' money ..

someone mentioned before.. laundered money ..best washed in casinoes then properties .. and spore has both avenues

DC33_2008
20-04-10, 22:06
Southbank has TOP on 16 April 2010.

DC33_2008
23-04-10, 17:24
#28-06 $1425 592sqft $843k 01 Apr 10
#21-06 $1399 592sqft $828k 01 Apr 10