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Thread: Potong Pasir MRT Mixed Residential commercial Development

  1. #61
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    Quote Originally Posted by henryhk View Post
    The pricing is it ok? Low or high?
    This part I'm in no position to comment, but think it is still competitive (optimistic) side.

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    Quote Originally Posted by henryhk View Post
    The pricing is it ok? Low or high?
    About $775psf, but that includes the commercial devt. Comparatively, Venue went for 793psf, and Sant Ritz went for 628psf, and Sennett went for 567psf.

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    Quote Originally Posted by mianbao View Post
    About $775psf, but that includes the commercial devt. Comparatively, Venue went for 793psf, and Sant Ritz went for 628psf, and Sennett went for 567psf.
    So the break even psf is ? 1400 psf. ?

  5. #65
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    Higher than analyst prediction of btw $650 to $750 psf ppr...

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    Quote Originally Posted by henryhk View Post
    Higher than analyst prediction of btw $650 to $750 psf ppr...
    Lower then the Venue

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    land price in term of psf not much different from Venue, but i feel developers slightly more desperate to replenish their land bank rather than optimistic.

    Venue Residences not moving (25% sold Jul), likewise for other areas due to many rounds of CMs.

    So price btw $1200-$1400psf.

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    Quote Originally Posted by Pro888 View Post
    land price in term of psf not much different from Venue, but i feel developers slightly more desperate to replenish their land bank rather than optimistic.

    Venue Residences not moving (25% sold Jul), likewise for other areas due to many rounds of CMs.

    So price btw $1200-$1400psf.
    The condo at the mrt will be price higher than the venue because of the better location and more amenities, probably higher range of $1400 psf.... with the bidadari fench up for new hdb, I can really land scarce in Singapore...especially nearer to central...sigh

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    Quote Originally Posted by henryhk View Post
    The condo at the mrt will be price higher than the venue because of the better location and more amenities, probably higher range of $1400 psf.... with the bidadari fench up for new hdb, I can really land scarce in Singapore...especially nearer to central...sigh
    The project developer is in engineering (as evidence in Universal studio ) and landscaping (did few condo project with major landscaping themes) so that design of a mix development at P P MRT will be an eye-opener with greenery landscaping. It is never a mall operator so it will be interesting to see how it design a commercial development. Interesting thing is how it will incorporate a walk-thru (the CSM walk tru) as a feature , a requirement of the mix-development.

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    Quote Originally Posted by alamak View Post
    The project developer is in engineering (as evidence in Universal studio ) and landscaping (did few condo project with major landscaping themes) so that design of a mix development at P P MRT will be an eye-opener with greenery landscaping. It is never a mall operator so it will be interesting to see how it design a commercial development. Interesting thing is how it will incorporate a walk-thru (the CSM walk tru) as a feature , a requirement of the mix-development.
    Will the fear of sunboy77 come true? small strata commercial units and mall not well run!?

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    There is always the possibility that since this is their first mixed used project in Singapore at least, they might spare no effort, give up some profits and make it a success.

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    Quote Originally Posted by henryhk View Post
    Will the fear of sunboy77 come true? small strata commercial units and mall not well run!?
    Yup I think it's coming true...
    Fraser Centrepoint didn't bid? Wahlao they can bid $1,077 psf for the Yishun land but not bidding anything for this?

  13. #73
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    Default Award by mcc land


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    Quote Originally Posted by sunboy77 View Post
    Yup I think it's coming true...
    Fraser Centrepoint didn't bid? Wahlao they can bid $1,077 psf for the Yishun land but not bidding anything for this?
    Fraser Centerpoint did bid under FCL Place pte ltd. There are 8th Highest bidder.

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    Quote Originally Posted by Noexit View Post
    Now, must wait for MCC to announce their project development plan.

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    Quote Originally Posted by alamak View Post
    Fraser Centerpoint did bid under FCL Place pte ltd. There are 8th Highest bidder.
    The difference between Fraser's bid and the top bid by MCC probably represented the premium / value associated with the individual strata - titled commercial units since Fraser is less likely to sell off as individual strata units.

    But if they could bid $1,000+ for Yishun, they could not bid even $800 for this one.

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    Quote Originally Posted by 2824 View Post
    The difference between Fraser's bid and the top bid by MCC probably represented the premium / value associated with the individual strata - titled commercial units since Fraser is less likely to sell off as individual strata units.

    But if they could bid $1,000+ for Yishun, they could not bid even $800 for this one.
    Many surburb nodes (such as Yishun central) are growing synergistically due to high human presence but fast traffic flow at most times, and have immediate subscribers. Newer central nodes such as this one takes time to grow the commercial segment due to lower human presence but slow traffic flow except during off-peak times. My opinions only.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

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    Quote Originally Posted by 2824 View Post
    The difference between Fraser's bid and the top bid by MCC probably represented the premium / value associated with the individual strata - titled commercial units since Fraser is less likely to sell off as individual strata units.

    But if they could bid $1,000+ for Yishun, they could not bid even $800 for this one.
    So does tat mean yishun mrt condo will be more expensive than the potong pasir mrt ones?

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    Quote Originally Posted by henryhk View Post
    So does tat mean yishun mrt condo will be more expensive than the potong pasir mrt ones?
    Yes , yishun northpark residence 920 unit

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    Quote Originally Posted by henryhk View Post
    So does tat mean yishun mrt condo will be more expensive than the potong pasir mrt ones?
    Always using a similar site for comparison.

    Hillion Res @ Bukit PJ land cost $805 psf ppr. Currently avg $1400 plus with smaller units abv $1500

    Yishun land cost $1077psf ppr. They have started to build the showflat. Very challenging and we will know in 2-3 months time.

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    Quote Originally Posted by Pro888 View Post
    Always using a similar site for comparison.

    Hillion Res @ Bukit PJ land cost $805 psf ppr. Currently avg $1400 plus with smaller units abv $1500

    Yishun land cost $1077psf ppr. They have started to build the showflat. Very challenging and we will know in 2-3 months time.
    Is it never see the show flat build .Only the temporary bus terminal Building. i think only the bus terminal ready then build the show flat .

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    Quote Originally Posted by Noexit View Post
    Is it never see the show flat build .Only the temporary bus terminal Building. i think only the bus terminal ready then build the show flat .
    SF next to the coffeeshop. Ground preparation currently. Both will be ready roughly Nov.

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    Quote Originally Posted by Pro888 View Post
    SF next to the coffeeshop. Ground preparation currently. Both will be ready roughly Nov.
    ic i pass by everyday see nothing done hahaha . so shd be start soon hahaha

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    No news from developer?

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    Quote Originally Posted by mianbao View Post
    No news from developer?

    Not to worry. This MCC Land (Singapore) Pte Ltd, is the property unit of China Metallurgical Group Corp (MCC), China’s first state-owned property company to expand overseas. They have already launch their projects in Singapore, The Canopy Executive Condominium and One Canberra. China's State-Owned Enterprise (SOE) like our GLC and Temasek-linked companies have lot of financial powers. They sure will want to do good here. I think they will surprise many with their design n development plan !

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    This MCC land no sight, no sound, no news , road run already or what ? It seems like they have yet to take over the plot ..Is the company under CCCP review ? .

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    Quote Originally Posted by qianfugui View Post
    This MCC land no sight, no sound, no news , road run already or what ? It seems like they have yet to take over the plot ..Is the company under CCCP review ? .
    No. I saw MCC land stage container-box like office, Look like they are in the stage of tearing down the old terraces and apartments along Meyyapa Chettiar road.

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    Quote Originally Posted by alamak View Post
    No. I saw MCC land stage container-box like office, Look like they are in the stage of tearing down the old terraces and apartments along Meyyapa Chettiar road.
    Anyone knows wen the shopping mall will be ready?

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    Quote Originally Posted by henryhk View Post
    Anyone knows wen the shopping mall will be ready?
    2 big white board with some description of the mix development - one along Meyyapa Chettiar rd and another along the CST walkway to the Coffee shop. Brief indication is a mix development of 7 blocks of 12/15 storey. May be can get some info from MCC land website.

  30. #90
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    Saw the people working on the ground, I tink by June they MCC land will start the launch of the project! Heating up!

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