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Thread: CBD to keep buzzing after hours

  1. #1
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    Default CBD to keep buzzing after hours

    A TRANSFORMATION is under
    way in the heart of the
    Central Business District (CBD)
    .
    The area's traditional
    corporate profile is taking on
    a new after-office hours
    vibrancy as many more
    residents move into the
    district.
    More than 4,600 homes are
    expected to be completed in
    the CBD by the end of 2015,
    according to property
    consultancy Savills Singapore.
    Many of these homes will be
    in Robinson Road, Shenton
    Way and the nearby Tanjong
    Pagar.
    By the time these homes are
    ready, the CBD's once sleepy
    population will have sky-
    rocketed 14-fold since 2007,
    the firm's research head Alan
    Cheong said.
    And already, various
    upcoming projects there,
    though pricey, have attracted
    healthy interest.
    Far East Organization's The
    Clift, for instance, has sold 250
    units out of 312 available. The
    smallest unit there costs
    nearly $2 million.
    The condominium along
    McCallum Street was
    completed in 2010 and offers
    units ranging from a one-
    bedder loft at 753 sq ft to a
    two-bedder loft at 1,076 sq ft.
    Currently, homes there cost $
    2,579 per sq ft (psf) on
    average.
    In Tanjong Pagar, the same
    developer's Altez has sold 213
    condominium units out of 280
    available.
    Altez, a 62-storey condo at 16
    Enggor Street, is being sold at
    an average of $2,206 psf.
    Units there range from a 753
    sq ft one-bedroom loft to a
    4,058 sq ft penthouse loft. The
    price of the smallest unit
    works out to be $1.82 million.
    It is due for completion in the
    second quarter of 2014.
    Some distance away, at 70
    Shenton Way, mixed-use Eon
    Shenton will be built with 132
    apartments. About 95 units
    have been sold.
    Home sizes there go from 528
    sq ft two-bedders to 1,249 sq
    ft penthouses. It is on sale for
    a median psf price of $2,400.
    The 99-year project is being
    developed by a consortium
    that includes Fission Group,
    Roxy-Pacific Holdings, Macly
    Group, Pinnacle Assets and
    architect-turned- developer
    Chee Hsian Sing.
    To be completed by 2016, it
    will also host more than 20
    shops and 98 offices.
    Over at 50 Robinson Road, a
    consortium is building the 167-
    unit Robinson Suites, which is
    already fully sold, but for five
    penthouses the developer has
    kept.
    Expected to be ready by 2014,
    homes there range from 500
    sq ft to 600 sq ft, costing $
    2,700 psf on average.
    The project will also have
    three strata-titled shops which
    have also been sold.
    Other upcoming projects like
    the mixed-use Oxley Tower
    and Skysuites @ Anson, will
    also be thrown into the mix.
    Yet to be launched, a
    GuocoLand development
    directly above Tanjong Pagar
    MRT station will be completed
    by 2016 - the first in the CBD
    to have homes, offices, shops
    and a hotel.
    These projects join several in
    the area that were completed
    earlier, such as Marina Bay
    Residences, Icon and Lumiere.
    The added residential buzz
    means the CBD could bring in
    the crowds even after hours,
    property experts said - in line
    with the Government's plan
    for the CBD to be a place to
    work, live and play.
    Ms Sulian Tan-Wijaya, Savills
    Singapore's senior director of
    retail and lifestyle, said: 'The
    city is finally a hip place to be
    seen and live and no longer
    just a place for a quick beer
    after work.'
    Jones Lang LaSalle's South-
    east Asia research head, Dr
    Chua Yang Liang, said that
    downtown living could prove
    to be popular, especially
    among the younger
    professionals.
    'In other mature cities like
    New York, downtown living is
    part of the city fabric. In fact,
    in some cities in the US, the
    silver population will move
    back into the city because of
    the amenities,' he said.
    There is a mix of foreigners
    and Singaporeans living in the
    CBD, Dr Chua noted. For now,
    investors can expect rental
    yields of between 2.5 and 3.5
    per cent.
    Of CBD living, an executive,
    who wanted to be known only
    as Chris, said: 'I like the
    convenient location... it's a
    five-minute walk to my
    workplace. It's also a good
    location for food, from
    hawker centre to restaurants.'
    The 27-year-old moved into a
    three-bedroom apartment at
    One Shenton this year and
    lives with his family.
    But there are drawbacks. 'It is
    very difficult to get things
    during the weekend, since the
    entire Raffles area is closed.
    The air is also not that
    fantastic,' he said, adding that
    construction sites in the area
    make it dusty and noisy.
    Additional reporting by Lester
    Hio

  2. #2
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    no mention of 76 Shenton? This one i think blocked by Eon Shenton.

  4. #4
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    Quote Originally Posted by august
    no mention of 76 Shenton? This one i think blocked by Eon Shenton.
    Dunno maybe out of map? Sky suites @ anson funnily gonna official launch after so called VIP preview for more than 1yr lol

  5. #5
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    The residential blocks are too dispersed and the population (mostly MMs) too little to have a meaningful mall, as it probably cannot sustain the rental selling daily necessities. In addition, the tall blocks restrict circulation of fresh air.

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  7. #7
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    Aiyoeh... Nice effort by my beloved dtrax but look like durian on my small mobile phone screen...

  8. #8
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    Good on computer except without names of project. Where do you get this picture?
    Quote Originally Posted by carbuncle
    Aiyoeh... Nice effort by my beloved dtrax but look like durian on my small mobile phone screen...

  9. #9
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    Quote Originally Posted by carbuncle
    Aiyoeh... Nice effort by my beloved dtrax but look like durian on my small mobile phone screen...
    lol not i do one besides i dont find this really information but it is a nice overview thought

  10. #10
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    Default CBD to keep buzzing after office hours

    http://www.straitstimes.com/Money/St...ry_800461.html

    CBD to keep buzzing after office hours

    More than 4,600 homes slated for completion by end of 2015: Savills

    Published on May 19, 2012

    By AMANDA TAN


    A TRANSFORMATION is under way in the heart of the Central Business District (CBD).

    The area's traditional corporate profile is taking on a new after-office hours vibrancy as many more residents move into the district.

    More than 4,600 homes are expected to be completed in the CBD by the end of 2015, according to property consultancy Savills Singapore.

    Many of these homes will be in Robinson Road, Shenton Way and the nearby Tanjong Pagar.

    By the time these homes are ready, the CBD's once sleepy population will have sky-rocketed 14-fold since 2007, the firm's research head Alan Cheong said.

    And already, various upcoming projects there, though pricey, have attracted healthy interest.

    Far East Organization's The Clift, for instance, has sold 250 units out of 312 available. The smallest unit there costs nearly $2 million.

    The condominium along McCallum Street was completed in 2010 and offers units ranging from a one-bedder loft at 753 sq ft to a two-bedder loft at 1,076 sq ft. Currently, homes there cost $2,579 per sq ft (psf) on average.

    In Tanjong Pagar, the same developer's Altez has sold 213 condominium units out of 280 available.

    Altez, a 62-storey condo at 16 Enggor Street, is being sold at an average of $2,206 psf.

    Units there range from a 753 sq ft one-bedroom loft to a 4,058 sq ft penthouse loft. The price of the smallest unit works out to be $1.82 million.

    It is due for completion in the second quarter of 2014.

    Some distance away, at 70 Shenton Way, mixed-use Eon Shenton will be built with 132 apartments. About 95 units have been sold.

    Home sizes there go from 528 sq ft two-bedders to 1,249 sq ft penthouses. It is on sale for a median psf price of $2,400.

    The 99-year project is being developed by a consortium that includes Fission Group, Roxy-Pacific Holdings, Macly Group, Pinnacle Assets and architect-turned- developer Chee Hsian Sing.

    To be completed by 2016, it will also host more than 20 shops and 98 offices.

    Over at 50 Robinson Road, a consortium is building the 167-unit Robinson Suites, which is already fully sold, but for five penthouses the developer has kept.

    Expected to be ready by 2014, homes there range from 500 sq ft to 600 sq ft, costing $2,700 psf on average.

    The project will also have three strata-titled shops which have also been sold.

    Other upcoming projects like the mixed-use Oxley Tower and Skysuites @ Anson, will also be thrown into the mix.

    Yet to be launched, a GuocoLand development directly above Tanjong Pagar MRT station will be completed by 2016 - the first in the CBD to have homes, offices, shops and a hotel.

    These projects join several in the area that were completed earlier, such as Marina Bay Residences, Icon and Lumiere.

    The added residential buzz means the CBD could bring in the crowds even after hours, property experts said - in line with the Government's plan for the CBD to be a place to work, live and play.

    Ms Sulian Tan-Wijaya, Savills Singapore's senior director of retail and lifestyle, said: 'The city is finally a hip place to be seen and live and no longer just a place for a quick beer after work.'

    Jones Lang LaSalle's South-east Asia research head, Dr Chua Yang Liang, said that downtown living could prove to be popular, especially among the younger professionals.

    'In other mature cities like New York, downtown living is part of the city fabric. In fact, in some cities in the US, the silver population will move back into the city because of the amenities,' he said.

    There is a mix of foreigners and Singaporeans living in the CBD, Dr Chua noted. For now, investors can expect rental yields of between 2.5 and 3.5 per cent.

    Of CBD living, an executive, who wanted to be known only as Chris, said: 'I like the convenient location... it's a five-minute walk to my workplace. It's also a good location for food, from hawker centre to restaurants.'

    The 27-year-old moved into a three-bedroom apartment at One Shenton this year and lives with his family.

    But there are drawbacks. 'It is very difficult to get things during the weekend, since the entire Raffles area is closed. The air is also not that fantastic,' he said, adding that construction sites in the area make it dusty and noisy.

    [email protected]

  11. #11
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    sky suites was suppose to "official launch" in jun last year after VIP previews in H1. i think they will forever VIP preview.

    Quote Originally Posted by dtrax
    Dunno maybe out of map? Sky suites @ anson funnily gonna official launch after so called VIP preview for more than 1yr lol

  12. #12
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    Bros and sis, i did this chart but i had mentioned this will be further updated with breakdowns of sizes and prices in my blog. http://www.singaporecityplayground was in respond to ST article featured which was mentioned in this thread too. For my future usage and if you like I could post further info.


    Quote Originally Posted by dtrax

  13. #13
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    Hi OpenH20,

    Thanks for the great work, will certainly look forward to your updated map

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    Quote Originally Posted by dtrax
    Hi OpenH20,

    Thanks for the great work, will certainly look forward to your updated map
    Thanks. I am spending some time collecting data and will post it in my free time. Myself a beginer in property investment so forgive me if I am 班门弄斧. I am interested in properties in CBD area.

    Below is Skysuites@anson smallest unit. It was transacted at 1.06 mil in June 2011 working out to be 2.7 k psf. I found that this unit has good sea and sentosa facing except it is expensive and the developer might not release the good facing unit.


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    Quote Originally Posted by openH2O
    Below is Skysuites@anson smallest unit. It was transacted at 1.06 mil in June 2011 working out to be 2.7 k psf. I found that this unit has good sea and sentosa facing except it is expensive and the developer might not release the good facing unit.
    No offense but the layout is atrocious... bedroom totally no window??

    And seriously how much view can you take it considering the only opening is so tiny plus its not a balcony where you can step out, but a AC ledge!

  16. #16
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    Quote Originally Posted by TheOnlyGayInTheVillage
    No offense but the layout is atrocious... bedroom totally no window??

    And seriously how much view can you take it considering the only opening is so tiny plus its not a balcony where you can step out, but a AC ledge!
    The entire north facing wall was indicated as window. but cant see from this angle. I did this at home computer so will show you other angle when I am back home. I dont have actual drawing so this is also just my guessing.

    Agree that the AC ledge was double up as balcony is developer bypass to avoid GFA but it is long enough.

  17. #17
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    Quote Originally Posted by openH2O
    The entire north facing wall was indicated as window. but cant see from this angle. I did this at home computer so will show you other angle when I am back home. I dont have actual drawing so this is also just my guessing.

    Agree that the AC ledge was double up as balcony is developer bypass to avoid GFA but it is long enough.
    Oh ya! My bad!!! So sorry! Yes I was looking at your 3D drawing too hard and forgot to look actual floor plan. It is indeed indicated as glass window panels. WOW then unit is VERY BRIGHT! Though if at Level 36 I may think twice to open the window bigbig...

    BTW you know www.floorplanner.com can DIY 3D drawing... quite nice.

  18. #18
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    Quote Originally Posted by openH2O
    Thanks. I am spending some time collecting data and will post it in my free time. Myself a beginer in property investment so forgive me if I am 班门弄斧. I am interested in properties in CBD area.

    Below is Skysuites@anson smallest unit. It was transacted at 1.06 mil in June 2011 working out to be 2.7 k psf. I found that this unit has good sea and sentosa facing except it is expensive and the developer might not release the good facing unit.
    stack 04 seems to be North facing. so how to have seaview and Sentosa view?

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    Quote Originally Posted by TheOnlyGayInTheVillage
    Oh ya! My bad!!! So sorry! Yes I was looking at your 3D drawing too hard and forgot to look actual floor plan. It is indeed indicated as glass window panels. WOW then unit is VERY BRIGHT! Though if at Level 36 I may think twice to open the window bigbig...

    BTW you know www.floorplanner.com can DIY 3D drawing... quite nice.
    Thanks. Will check it out. I thought if the window big enough, you could 'borrow' space from the external to make it look big.

    However I made a mistake for the facing. It was facing Bukit Timah Hill instead. The developer left the bigger unit for the better view. I should know.

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    Quote Originally Posted by hopeful
    stack 04 seems to be North facing. so how to have seaview and Sentosa view?
    Thanks for correcting. Thought it was a good buy if the view is so good.

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    Openwater... may I know why u like CBD projects?

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    Quote Originally Posted by openH2O
    The entire north facing wall was indicated as window. but cant see from this angle. I did this at home computer so will show you other angle when I am back home. I dont have actual drawing so this is also just my guessing.

    Agree that the AC ledge was double up as balcony is developer bypass to avoid GFA but it is long enough.
    nice work I think skysuites super high flr <1mil still have. Last I heard was 966k, but then again it is almost a mil for 1 MM. Many pple already cry father n cry mother about paying 100-200k more to stay at mrt/beside mall. But paying another 200mil for a view n a MM needs more justification?


    Btw i think you made a mistake. The site plan /floor plan you use is skysuites 17 @ balestier not skysuites @ anson.. big diff hehe
    Last edited by dtrax; 29-05-12 at 15:41.

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    Quote Originally Posted by openH2O
    Thanks for correcting. Thought it was a good buy if the view is so good.
    The correct floorplan:


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    Quote Originally Posted by openH2O
    Thanks for correcting. Thought it was a good buy if the view is so good.
    how come your google earth has 3d model of skysuites @ anson, altez?
    i just checked mine, dont have.
    what are you using?

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    There is a 3-D feature on google earth.
    Quote Originally Posted by hopeful
    how come your google earth has 3d model of skysuites @ anson, altez?
    i just checked mine, dont have.
    what are you using?

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    Quote Originally Posted by dtrax
    The correct floorplan:

    So pai seh. Will update.

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    Quote Originally Posted by TheOnlyGayInTheVillage
    Openwater... may I know why u like CBD projects?
    Think CBD projects can get a higher rental yield. So look see look see but cannot buy now due to my HDB's MOP. Hope to learn something for now. I am a 'fanatic' in construction industry too haha.

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    Quote Originally Posted by openH2O
    Think CBD projects can get a higher rental yield. So look see look see but cannot buy now due to my HDB's MOP. Hope to learn something for now. I am a 'fanatic' in construction industry too haha.
    You should apply for a job in URA.

    Serious.

    Anyway, CCR starting to recover... you may have just missed the dip.

  29. #29
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    Quote Originally Posted by hopeful
    how come your google earth has 3d model of skysuites @ anson, altez?
    i just checked mine, dont have.
    what are you using?
    Hi i used to keep track closely on the city projects so I made 3d model just for fun. But no time to do good model.

  30. #30
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    Quote Originally Posted by openH2O
    Think CBD projects can get a higher rental yield. So look see look see but cannot buy now due to my HDB's MOP. Hope to learn something for now. I am a 'fanatic' in construction industry too haha.
    u mean 1rm or MM units in CBD? If you are looking for pure rental yield than many other places can also fit the bill

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