Haha.... I like these... Detonate?Originally Posted by azeoprop
If C.... Carrot residences
Haha.... I like these... Detonate?Originally Posted by azeoprop
If C.... Carrot residences
Originally Posted by fclim
The best views should face ITE Bishan. Anywhere else will be blocked in future. Unless, Capitaland bids agressively and wins all plots. Then they can at least design the rest.
Yee ha! Did I tickle your funny bone?
It feels like they might try and corner the whole area.Originally Posted by ecimbew
and the bashing starts again
Bishan Cloud
Developer taps star architect for Bishan condo
By i_property | Property Blog – Mon, Aug 1, 2011
If successful, the designer condominium may set a trend for such apartments locating away from high-end districts. …
By Danny Gilchrist
In a move to differentiate themselves in a largely homogenous market, CapitaLand has hired US-based super architect Moshe Safdie to design its recently purchased condominium project in Bishan. The site, which was acquired earlier this year for $550 million, will comprise of two 38-storey towers connected by a beautiful sky garden walkway.
As property developers look to use different techniques to distinguish their products in a price-sensitive market, CapitaLand have looked towards creativity in their bid to drive a higher price for their future condominium units.
Moshe Safdie has had previous experience in the Singapore architectural scene, with his firm designing the ArtScience Museum at Marina Bay Sands. However, this foray into the residential market is a new trend in terms of design direction, with only a handful of firms previously employing an architect to design a residential development.
The central theme behind this is to create a more emphatic landmark to a different area of Singapore. With the site located in the hub of the Bishan HDB estate, CapitaLand will be able to distinguish a uniquely modernised property within an area traditionally linked to the heartlanders of Singapore. Economically, it is also provides a basis for increasing the unit price within the development.
Safdie has previously designed a residential project in Montreal, Canada -- Habitat 67. Along with the Vancouver Library Square his architectural scope of work is thoroughly expansive, with a number of award-winning designs being universally lauded for the modernity and creativity in a challenging environment.
Although Singapore has experienced a considerably illustrious roster of architectural talent over the last 10 years, many of their projects have focused on business and commercial properties along with the location of those properties being concentrated towards the CBD and south central Singaporean landscape. The Bishan project may act as a test for future development of this kind outside the typical areas.
With extensive local amenities surrounding the area along with the Bishan MRT interchange, CapitaLand has focused on creating a draw for the public to move out of the mostly overly populated areas into one that will ultimately serve their needs equally and provide a quieter setting.
One reservation with the success of this future project is the asking price. Many customers conscious of the price hike will contemplate whether paying the increased price against a similar price for an more desirable area or a similar development at a better price is worth the risk.
Previous examples of internationally lauded architects plying their trade over in Singapore include German architect Ole Scheeren's Interlace in the Alexandra Road area, American Daniel Libeskind's Reflections at Keppel Bay and Iraqi-British architect Zaha Hadid's d'Leedon on the former HUDC
Farrer Court estate. Although these developments have received critical acclaim for their various innovative architectural presence, all are not at 100 percent-sold status. This may be due to the premium price charged by the developers at the different properties.
However, pricing for projects with a renowned architect requires a higher-pricing strategy in order to generate a sufficient return on investment.
Colin Tan, Chesterton Suntec International research head, reinforced this sentiment. He told The Straits Times, "They can't get away with an ordinary design or a run-of-the-mill project and charge those kinds of prices. They have already got the location, so what they need now is a reason for buyers to buy, with an iconic project to push sales."
What remains to be seen is whether the investment of a prestigious architect will generate a sufficient return for CapitaLand on the project, although other external elements will factor into the final return on the company's initial investment.
With great design and great finishes comes GREAT launch prices......
Originally Posted by ysyap
Jialat! Got Bishan & Leedon both very ex to sell....
Is this a distress calling?
Channel News Asia
REDAS urges govt to review property market tightening measures
By Joanne Chan | Posted: 09 September 2011 1432 hrs
SINGAPORE: President of the Real Estate Developers Association (REDAS), Mr Wong Heang Fine, has urged the government to review the various property market tightening measures from time to time.
He said this is needed to avoid artificially suppressing genuine demand for private properties in Singapore.
Mr Wong also expressed concerns of a potential oversupply situation in the near term.
Under the government's Land Sales Programme for the second half of this year, 17 private residential sites that can yield up to 8,100 units have been made available.
This is at the same level as in the first half.
And together with past land sales, they can potentially bring the pipeline of private homes to about 53,000 units.
Mr Wong said REDAS hopes the government will continue to moderate its Land Sale.
- CNA/cc
Daft, Dafter, Dafterest!!!!
I always have doubt that Interlace and Leedon can finish selling their units by their TOP date. This is the breaking noose today:
HYENERGIX urges developers to review rising roperty prices
By Hyenergix | Posted: 09 September 2011 2120 hrs
He said this is needed to avoid artificially suppressing genuine demand for private properties in Singapore.
ITE bishan will be gone soon right?Originally Posted by ecimbew
If 1600psf, then this project may BeShunned
its BigSun.. get burned!
http://info.sgx.com/webcoranncatth.n...df?openelement
500 units
smallest unit is 680 sq ft 1+study
Do not see any uniqueness of the design. Just two highrise slab block of flats with staggered balcony and link by bridge at different level. Not sure if it is a good time to launch in early 2012.Originally Posted by bargain hunter
If 1500psf then the 680sqft 1+study will be over 1mil.Originally Posted by bargain hunter
More expensive quantum than D'leedon!
Bishan site + D'leedon + interlace....wow!Originally Posted by azeoprop
Cland has very deep pocket to hold wor!
Daft, Dafter, Dafterest!!!!
very high plot ratio
Sell cheap cheap $1200 Psf can buy?
sure can! but we r dreaming.
Originally Posted by DaytonaSS
1200 psf i will buy as many as my vitamin M allows
no need to even worry about crash :P
Remember the nearby Bishan 8 experience.Originally Posted by mantrix
they are selling at 1200+psf now so i guess their owners (provided they have not sold at loss) are smiling a little bit more nowOriginally Posted by DC33_2008
Mistake #1: over bidded the landOriginally Posted by bargain hunter
Mistake #2: hired expensive architect and ended up with something not very iconic
Mistake #3: No smaller 1 bedder to cater investors' demand
Mistake #4: used 680 sq ft to fit a 1+study instead of 2 bedder
What is the Capitaland doing? Next plot is already on sale. If Capitaland defends its price, or a competitor undercuts its previous bid, it will suffer from holding too many unsold units.
Capitaland research did not do a proper analysis before purchasing this land. Too expensive if it is more than $1200psf of the smallest unit.Originally Posted by hyenergix
Issnt interlace 70% sold? What's there to hold ? Does developer got 25% margin? Somemore the land is bought at record cheapest enbloc......Originally Posted by westman
Bro don't mind me point out, Singapore don't have a race call hobbits.... 680 sqft 2 bedroom how to stay? Really quiet sick of seeing MM units showroom resorting to magic to make pple believe it is any bigger that they area.Originally Posted by hyenergix
680 sqft 2-bedder is really quite livable, according to my standard I don't like to spend too much time cleaning the house. Hiring a maid is expensive and unreliable nowadays. What can you do with a study room anyway? Study?Originally Posted by DaytonaSS
liew ever looked down on MM and sort of vowed never to build 1 bedders smaller than 500 sq ft. to have a 680 sq ft 2 bedder would be as good as admitting he is going the MM way. so like d'leedon, he compromised with 680 sq ft 1+1.
Sold 75% on total launched, a typical gimmick to give a feel good factor that the project is popular. Once you added up those yet to launch units, you will see a different picture. See what happens to D'leedon?Originally Posted by DaytonaSS
Daft, Dafter, Dafterest!!!!
It varies family to family. With young kids, 680 sf is quite small. No space for that poor child to run. Must apply brakes even before he/she accelerates! Anyway, visited a 980 sf 3 bedder and can't help but gave up that unit coz its simply too small for our comfort. It probably translate to about 7xx sf 2 bedder unit feel. Can't imagine 6xx sf 2 bedder feel.Originally Posted by hyenergix