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Thread: Kepland bids 1163psf ppr for kim tian plot

  1. #41
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    Default Quoted from propersquare

    A record high land price of $1,162.86 was set by Keppel Land in April 2013 for a Kim Tian Road residential site. The winning bid of $550.28 million dollars was (we think almost reckless) 7.2% above the next highest bidder. Made amidst the still bullish market in early 2013 just before the Government jammed the brakes using the TDSR measures in June 2013, Highline Residences is expected to launch within the second quarter of 2014 to a lukewarm property market.

    Just for a quick site price comparison, the troubled South Beach project site was won with a bid of $1,069 psf ppr in July 2007 and the more recent Clermont Residences at Tanjong Pagar Centre’s land price was $1,006 psf ppr in November 2010. These two developments are facing strong headwinds in selling their high end luxury projects, with South Beach repeatedly delaying launch until even today. Will Highline Residences face the same headwinds as these two premium ultra luxury projects, or will Keppel Land launch their units and price them according to the current market conditions after realizing their folly in paying such a high price for this Kim Tian road site?


    Wow even more expensive than clermont land. I will be very surprised if anyone buys into this development as it is akin to helping developers to pay for land costs. Even the glades at tenah merah has problem moving units, much less at this plot.

  2. #42
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    Highline Residences sales gallery officially closed, until the first-day sales that will happen next Saturday 13 Sep.
    So far 200+ cheques submitted. Dunno how much discounts will be given though...

    Sales gallery was very very packed over the last 2 weekends.

  3. #43
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    What is the indicative pricing?

  4. #44
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    Quote Originally Posted by 081828 View Post
    What is the indicative pricing?
    Below Guide PRICES are BEFORE EARLY BIRD DISCOUNT:

    1bd 506- Est $1mil to $1.2mil (1976-2371psf)

    2bd 635/667/700- Est $1.25mil to $1.6mil (1968-2285psf)

    3bd 915- Est $1.6mil to $2mil (1748-2186psf)

    3bd(deluxe) 1076/1109/1152- Est $2mil to $2.5mil (1803-2170psf)

    4bd 1292- Est $2.4mil to $2.8mil (1857-2167psf)

    3/4DK1130/1227- Est $2.5mil to $2.6mil(2212-2119psf)

    Penthouses - $5 mil

  5. #45
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    635 sq ft 2 bedroom. For dogs. And 1076 is deluxe 3 bedroom. Maybe deluxe for dogs again.

  6. #46
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    Quote Originally Posted by thomastansb View Post
    635 sq ft 2 bedroom. For dogs. And 1076 is deluxe 3 bedroom. Maybe deluxe for dogs again.
    welcome to hong kong.

  7. #47
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    Quote Originally Posted by sunboy77 View Post
    Below Guide PRICES are BEFORE EARLY BIRD DISCOUNT:

    1bd 506- Est $1mil to $1.2mil (1976-2371psf)

    2bd 635/667/700- Est $1.25mil to $1.6mil (1968-2285psf)

    3bd 915- Est $1.6mil to $2mil (1748-2186psf)

    3bd(deluxe) 1076/1109/1152- Est $2mil to $2.5mil (1803-2170psf)

    4bd 1292- Est $2.4mil to $2.8mil (1857-2167psf)

    3/4DK1130/1227- Est $2.5mil to $2.6mil(2212-2119psf)

    Penthouses - $5 mil
    So early bird discounts will be 50%?

  8. #48
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    Some nett prices to share share from today sales:
    1 br (506 sqf)
    I. #08-09 = $935K (1,848psf)
    II. #11-09 = $953K (1,883psf)

    2BR (667sqf)
    #10-14 = $1,208,000 (1,811 psf)

    3BR (915 sqf)
    #8-13 = $1,570.2K (1,716psf)
    #15-13 = $1,634.2K (1,786psf)
    #6-11 = $1,462.7K (1,598psf)
    #9-11 = $1,488K (1,626psf)

  9. #49
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    Quote Originally Posted by gadiny View Post
    Some nett prices to share share from today sales:
    1 br (506 sqf)
    I. #08-09 = $935K (1,848psf)
    II. #11-09 = $953K (1,883psf)

    2BR (667sqf)
    #10-14 = $1,208,000 (1,811 psf)

    3BR (915 sqf)
    #8-13 = $1,570.2K (1,716psf)
    #15-13 = $1,634.2K (1,786psf)
    #6-11 = $1,462.7K (1,598psf)
    #9-11 = $1,488K (1,626psf)
    the price looks very attractive.

  10. #50
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    Ya from a high level comparison, Highline pricing is
    - comparable to echelon's units of similar floor eg Echelon's 2BR (732sf) #10-10 is 1,867psf and #10-4 is 1,831psf, #10-7/14=$1,778psf
    - about 100psf higher than Alex Resi eg Alex's 2 BR #10-11 is 1,683sf and #10-2 is 1,742sf

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