Using 4 "R" Strategy to Determine the Right Entry Price in Today's Market
What is the 4 "R" Strategy?
1. Rise in Price
2. Resale vs New Launches
3. Risk Management
4. Rarity
https://www.propnex.com/templates/Th...April/R057844H
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Using 4 "R" Strategy to Determine the Right Entry Price in Today's Market
What is the 4 "R" Strategy?
1. Rise in Price
2. Resale vs New Launches
3. Risk Management
4. Rarity
https://www.propnex.com/templates/Th...April/R057844H
I always like the Bartley area, hope the floor plans will be released soonQuote:
Originally Posted by Arcachon
https://www.businesstimes.com.sg/rea...ound-s2000-psf
2 Bartley projects to launch at around S$2,000 psf
Preview of the SingHaiyi freehold developments close to Bartley MRT begins this weekend
Singapore
DEVELOPER SingHaiyi Group expects to launch in about two weeks two freehold projects in Bartley at "plus or minus" S$2,000 per square foot (psf), deputy chief executive Gregory Sim said at a media preview on Monday.
The preview for both will begin this weekend.
https://www.straitstimes.com/busines...cts-in-bartley
SingHaiyi launching two freehold condo projects in Bartley
PUBLISHED 1 HOUR AGO
Derek Wong
The show-flats of two condominium projects in Bartley by SingHaiyi Group will open for viewing on Thursday.
The property developer announced this yesterday at a media preview at 16 Tai Seng Street, where potential buyers can view the show-flats.
The Gazania in How Sun Drive will have 250 units across seven five-storey blocks, while The Lilium in How Sun Road will have 80 units in two five-storey blocks.
The two developments will be launched together in about two weeks and are due to be completed in the second half of 2022.
Units at The Gazania are likely to be priced from about $1 million for a one-bedroom unit of about 440 sq ft, and from about $3.3 million for a 1,800 sq ft four-bedroom penthouse.
The Lilium will have two-to four-bedroom units that are expected to cost about 5 per cent to 10 per cent less per sq ft.
Mrs Celine Tang, SingHaiyi's group managing director, said in a press statement: "We are confident that the twin freehold developments will attract strong interest from both home owners and investors alike, given their attractive pricing and luxury features."
She also pointed out their strategic location in "one of the most coveted neighbourhoods at the city fringe".
The condos are a three-to five-minute walk from Bartley MRT station on the Circle Line, and a few minutes' drive from major expressways such as the Kallang-Paya Lebar Expressway.
They are located near the upcoming 10ha Bidadari Park as well as shopping mall Nex in Serangoon.
SingHaiyi deputy chief executive officer Gregory Sim said at the preview that the two projects are likely to be the first freehold developments to be launched in District 19 in the past five years.
"Singapore is so small, with scarce land, (so) to own a freehold residential (home) is really quite rare nowadays. Plus, it's so near to the MRT station," he added.
Mr Sim said these attributes had been considered in the pricing process, noting that some former residents of the collective sale sites as well as landed home owners in the area have already expressed interest in the projects.
The marketing agents for the properties will be PropNex, Savills and Huttons.
Mr Sim said it is likely that half of the units will be launched first.
SingHaiyi Group acquired the land parcels via collective sales in late 2017. The Gazania site was bought for $271 million, and The Lilium site was acquired for $81.1 million.
https://www.edgeprop.sg/property-new...nia-and-lilium
Singhayi Group previews The Gazania and The Lilium
By
Timothy Tay
/ EdgeProp
|
April 15, 2019 7:28 PM SGT
Tags:
SingHaiyi Group
The Gazania
The Lilium
How Sun
Bartley
New Launch
Listed property developer SingHaiyi Group will preview its two newest residential developments, the 250-unit The Gazania and the 80-unit The Lilium, this Thursday (April 18). Both developments are on collective sale sites. The Gazania is a redevelopment of the former Sun Rosier, while The Lilium sits on the site of the former How Sun Park. They are close to the Bartley MRT Station on the Circle Line.
The Gazania comprises seven 5-storey blocks, with a mix of one- to four-bedroom units, as well as four-bedroom penthouses and maisonettes. Meanwhile, The Lilium comprises two 5-storey blocks with a mix of two- to four-bedroom units and four-bedroom penthouses.
About half of the total units in each development are expected to be launched for sale in the first phase. SingHaiyi says the average selling price for each project is expected to be about $2,000 psf.
“Units at The Gazania are likely to be priced from about $1 million for a one-bedroom unit of about 440 sq ft ($2,273 psf), and about $3.3 million ($1,833 psf) for a four-bedroom penthouse of about 1,800 sq ft,” says Gregory Sim, deputy CEO of SingHaiyi Group. “The Lilium will have two- to four- bedroom units that are expected to cost about 5% to 10% less psf (than those at The Gazania).”
The Lilium
Prospective buyers are likely to be landed homeowners from the surrounding neighbourhood. In addition, SingHaiyi says that a total of about 15 former residents of the two collective sale developments have expressed interest in buying units in the new projects. A number of potential buyers are likely to purchase a unit each as a new home, as well as another for investment, the developer adds.