http://www.channelnewsasia.com/news/...ve/838162.html
Site likely to be next to the Sembawang MRT Station. 3 to 4 hectares.
It could include integrating the sport complex with a park, a library and a hawker centre.
http://www.channelnewsasia.com/news/...ve/838162.html
Site likely to be next to the Sembawang MRT Station. 3 to 4 hectares.
It could include integrating the sport complex with a park, a library and a hawker centre.
checked out nine residences yesterday.. actually not expensive.
4BR is 900+ psf...
3BR is 1000+ psf.
i mean, compared to SM, or yishun hub, this is not exx. and depending on how you see it, there's the convenience of the shops just below. private lift for residents. and not too far from MRT.
let's say, 2 bus stop from MRT - 1000+ psf... and on top of northpoint - 1,600 psf. choose which one better?
anyway, not buying. but am surprised at the cheap price. and the loft units for #4 and #14 are really quite nice.
There is no good or bad location. There is only good or bad price.
will it be another hot project for oct ?
any live reporters here?
let me do the updates
Residential - only 59 sold as of around 6pm
Cheapest Now:
1BR - $605k
2BR - $781k
2+S - $809k
3BR - $920k
4BR - $1.097mil
5BR - $1.214mil
Strata Terrace (Left 2) - $1.62mil
maybe they didn't do enough marketing.
Agree but commercial units already 85% sold as of yesterday. Today maybe bo liao.
Supermarket & Foodcourt sold to 1 party, should be ntuc. Based on $3500 psf, it will cost around $50 mil.
but wrong thread for nine res. & J9.
Wow, bro ZeeWee, you are zhun!
60 units of Nine Residences sold
Chip Eng Seng also sells 124 strata retail units in Yishun mixed-development project
BYKALPANA RASHIWALA [email protected]
BT 20131012 KRNINE12 793298
AT THE LAUNCH
Many of the retail units and even some of the residential units were balloted due to demand from more than one potential buyer
CHIP Eng Seng yesterday sold about 60 apartments in Nine Residences, the residential component of its 99-year leasehold Yishun mixed-development project. It priced the initial 100 units
at $1,070 per square foot on average. Nine Residences comprises 186 units.
The developer has also sold some 124 of the total 146 strata retail units in Junction Nine, which will occupy the first two levels of the 14-storey project about 750 metres from Yishun MRT Station. The 124 strata unit sales include more than 10 units that had been sold before yesterday's launch - inclusive of the 10,527 sq ft supermarket unit and a 4,209 sq ft unit approved for foodcourt use, both acquired by the same party.
As for the strata retail units that were sold yesterday, many had to be balloted due to demand from more than one party.
Garnering the highest level of interest was a 118-sq ft shop unit on the second level priced at $551,000 or about $4,670 psf. Fifty-two cheques were understood to have been submitted for its ballot.
Prices of the retail units range from $4,500 psf to $5,500 psf on the first level and $3,000-4,500 psf on the second level. Even some of the apartments had to be balloted.
Raymond Chia, group CEO of Chip Eng Seng, said: "Given the current cautious market conditions as well as the fact that there are many launches, we're happy to have achieved this result on the first day of sales."
"Following TDSR (total debt servicing ratio), we priced both the residential and retail components at around 10-15 per cent lower than our original expectation," he added.
Under the TDSR framework rolled out in late-June, financial institutions, when granting property loans to individuals, have to ensure that a borrower's monthly total debt repayments do not exceed 60 per cent of his gross monthly income.
Nine Residences comprises one to five-bedroom apartments as well as six duplex strata units. Four of the duplex units have been sold at $1.6-1.7 million. Each duplex unit has four bedrooms and a family area, with 1,905 sq ft strata area inclusive of void area due to a double-volume living room.
Absolute prices of apartments start from around $600,000 for a one-bedder of 495 sq ft. Three bedders - which range from 915-1,001 sq ft - are priced mostly at under $1 million. Chip Eng Seng is developing the mixed development on a site that it clinched at a state tender in January this year.
The property and construction group's winning bid of $794.44 per square foot per plot ratio was 9.5 per cent above the second highest offer. The tender drew 13 bids. By some market estimates, Chip Eng Seng's breakeven cost could be around $850 psf for the residential component and in the region of $2,500 psf for the retail.