Page 8 of 10 FirstFirst ... 345678910 LastLast
Results 211 to 240 of 289

Thread: Lincoln Suites (D11, Freehold, Koh Brothers / Heeton / KSH / Lian Beng)

  1. #211
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default



    82% Of Consortium's Highly Anticipated Lincoln Suites Snapped Up Within 4 Days Of Soft Launch
    Singapore
    Monday, 26 October 2009

    - Official launch targeted for this weekend (Oct 31 – Nov 1)

    Koh Brothers Group Limited (“Koh Brothers Group”), Heeton Holdings Limited (“Heeton Holdings”), KSH Holdings Limited (“KSH Holdings”) and Lian Beng Group Ltd (“Lian Beng Group”) (collectively known as the “Consortium”), announced that the soft launch of the highly anticipated joint development, Lincoln Suites, was very well-received.

    Lincoln Suites, a 30-storey, freehold, 175-unit luxury twin tower condominium development conveniently located along Khiang Guan Avenue, off Newton Road, held its soft launch to invited guests on October 22, 2009.

    About 82% or 46 units of the 56 units under Phase 1 were snapped up by the close of the weekend (October 24 – 25, 2009). This comprised 15 studio units and 31 1-to-3 bedroom units.

    Said Mr Francis Koh, CEO and Managing Director of Koh Brothers, “We are very encouraged by the enthusiastic response to our soft launch. With our collaborative efforts, Lincoln Suites is uniquely created as the epitome of luxury, urban contemporary living. The development is aesthetically appealing, especially to trendy singles, young cosmopolitan families and upwardly mobile executives and professionals.

    “Targeted to be officially launched this weekend and expected to be completed by end 2014, Lincoln Suites, with its architectural brilliance, made possible by working with top-notch architects and designers, coupled with a tasteful choice of luxury finishes, will appeal to all buyers.

    “In addition, with its excellent location, within close proximity to two shopping and dining experiences in both Novena and Orchard, work areas, medical facilities, as well as a host of well-regarded local and international schools less than 2 km away, we believe that Lincoln Suites is very attractively priced.”

    To be developed on a land area of 59,986 sq ft, this 175-unit luxury development will comprise 44 studio units, 124 1- to 4-bedroom units, four duplexes and three penthouses, with sizes ranging from approximately 463 sq ft to 5,490 sq ft. Less than two minutes’ walk from the Novena MRT Station and directly across the popular Goldhill Plaza and United Square Shopping Mall and just a five minutes’ drive away from Orchard Road, Lincoln Suites is slated to dazzle the neighbourhood with its balance of high glamour and cutting edge technology.

    ..........
    ..........

    Issued on behalf of: Koh Brothers Group Limited, Heeton Holdings Limited, KSH Holdings Limited and Lian Beng Group Ltd
    By: .......................... Citigate Dewe Rogerson, i.MAGE Pte Ltd
    Contact: .................. Ms Dolores Phua

  2. #212
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default

    http://www.channelnewsasia.com/stori...013814/1/.html

    82% of Lincoln Suites snapped up in soft launch

    By Irene Chan, Channel NewsAsia | Posted: 26 October 2009 2024 hrs


    SINGAPORE: Eighty-two per cent of the residential development, Lincoln Suites, was snapped up within four days of the soft launch.

    A total of 46 of the 56 units under phase one were taken up by the close of the soft launch on Sunday. This comprised 15 studio units and 31 one-to-three bedroom units.

    Lincoln Suites is a 30-storey, freehold development off Newton Road. It is targeted to be officially launched this weekend and completed by the end of 2014.

    The consortium behind the project comprises Koh Brothers, Heeton Holdings, KSH Holdings and Lian Beng Group. The companies said the soft launch was very well-received.

    - CNA/sc

  3. #213
    Join Date
    Aug 2009
    Posts
    503

    Default

    Quote Originally Posted by bargain hunter
    if you tell me it is #28-06, 1098sq ft 3 bedrooms (almost same design as the 2 bedrooms on lower floors in same stack except squeezed in 1 super small bedroom) sold at 2300psf i still believe.

    if you say its #19-06, 1033sq ft 2 bedrooms sold at 2300psf, i find it unbelievable.

    Agent says 2300pfs is for a 2 rm on the 28th floor.

  4. #214
    Join Date
    May 2008
    Posts
    9,279

    Default

    there are no 2 bedroom units on the 28th floor. the 2 bedroom units max is 19th floor. above that, they have "3" bedroom units (1 of the bedrooms so small that i am not surprised if some incompetent agents mistake it for a 2 bedroom). The agent attending to me in the showflat told me it was a 3 bedroom then fumbled around trying to find the 3rd bedroom (3rd bedroom was so small that the developer converted it into a walk in wardrobe)

    Quote Originally Posted by ekl2ekl2
    Agent says 2300pfs is for a 2 rm on the 28th floor.

  5. #215
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default


    Newton One apartment hits $1,676 psf
    The Edge
    Monday, 26 October 2009

    There was a flurry of activity in the Newton Road area, with five transactions of between $1,100 and $1,676 psf carried out from Sept 25 to Oct 2, according to caveats lodged with URA Realis. The highest psf transacted price for that week was seen at a 1,216 sq ft, 10th-floor apartment at Newton One — it was sold for $2.038 million or $1,676 psf. Another transaction that took place in the same tower was for a 21st-floor, 1,808 sq ft apartment that changed hands for $3.028 million ($1,675 psf).

    Newton One, a 91-unit freehold luxury condominium project by Lippo Group, received its TOP just a few months ago. It was launched in mid- 2006 at $1,200 to $1,250 psf, which was considered a new price benchmark in the Newton area at a time when most developments there were fetching around $1,000 psf.

    The two sellers at Newton One must be pretty pleased with their sale. The owner of the two-bedroom 1216 sqft apartment on the 10th floor purchased it from the developer in July 2006 for $1.36 million, or $1,122 psf. He enjoyed a 49% price appreciation from the transaction.

    Meanwhile, the owner of the three-bedroom 1,808 sq ft apartment on the 21st floor who sold the unit at $1,675 psf, purchased it in a sub-sale in May 2007 for $2.72 million ($1,504 psf). The previous owner had purchased the unit during its launch in July 2006 for $2.235 million or $1,236 psf.

    These transactions show that prices at Newton One are back to the boom levels seen two years ago. The highest price achieved in the project was when a 23rd-storey, 1,916 sq ft apartment changed hands in a sub-sale at $2,000 psf, or a quantum price of $3.832 million, in December 2007.

    Owners at Newton One are probably benchmarking their asking prices to new launches in the neighbourhood. Right next door is Ho Bee Group’s Trilight, which started its private preview on Oct 9. To date, of the 60 units released, 51 have been sold at an average price of $1,650 psf. The 205-unit condo is expected to be completed in 2012.

    Meanwhile, further down the road, joint-venture partners Koh Brothers, Heeton Holdings, KSH Holdings and Lian Beng Group previewed Lincoln Suites last Thursday. Fifty-six units will be released in the first phase, with prices starting from $1,680 psf. The project will contain a mix of units ranging from studio and one-bedroom apartments to duplexes and penthouses.

    Older developments in the vicinity, however, have not quite crossed the $1,600 psf level. Just a few doors from Newton One is Newton Euro Asia, a freehold condo by Euro-Asia Realty completed in 2004. A 1184 sqft apartment on the 12th floor changed hands at $1.48 million ($1,250 psf) in a resale. The seller had bought the unit in June for $1.28 million ($1,081 psf), hence flipping the property for a 16% gain in just four months.

    Across the road is Newton 18, an 81-unit freehold luxury condo project by Wing Tai Holdings completed five years ago. The most recent caveat showed that an apartment on the 28th floor of the 30-storey condo was sold for $1.38 million, or $1,491 psf. The highest transacted price psf in the development was for an 807 sq ft, ninth-floor apartment — it was sold for $1.32 million, or $1,635 sq ft, in November 2007.

    Wing Tai’s other project (next door to Newton 18) is the 99-year leasehold, 311-unit Amaryllis Ville, which was also completed five years ago. The most recent transaction in the development was for a fifth-floor unit that was sold for $1.36 million or $1,100 psf. The previous owner had purchased the 1,238 sq ft two-bedroom apartment in March 2007 for $1.28 million ($1,030 psf).

    So, it looks like the new high-end developments in the Newton area are testing new price levels. Residences@Evelyn, a freehold luxury 208-unit l condo located on the quiet and exclusive Evelyn Road, just off Newton Road, saw a 28th-floor apartment in one of the twin towers changing hands at $1.88 million or $1,650 psf. The 1,141 sq ft apartment was first bought in October 2006 for $1.45 million or $1,280 psf. But, Newton One, being the newest condo on the block, is able to command a slight premium for now.

  6. #216
    Join Date
    Jul 2009
    Posts
    549

    Default

    Got this from another forum

    "soft launched was sold abt 51units and offically launched (last weekend) was sold arn 18 units.....mainly the studio - 3bdrm ........currently only open to 21st flr fr stack 03/04....and 12th level for stack 01/02"

    Does anyone know what was the $psf achieved?

    I hear from agents that single foreigners will likely be soaking up the MM units? Does anyone has any view on this?

  7. #217
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default


    Foreigners back in private home market
    Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China
    Joyce Teo
    The Straits Times
    Thursday, 5 November 2009


    New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter. -- Photo: Desmond Foo, ST

    Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China.

    New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter – above the 19.7% average since the start of 2000.

    Buyers from China have dislodged those from India for the No. 3 spot in the rankings this year with a contribution of nearly 15% of total foreign purchases. This puts China just behind Indonesia in the second spot and Malaysia at No. 1.

    In the past two years, India had been in third spot, but it has slipped to fourth.

    Last year, buyers from China had moved up to the No. 4 spot, dislodging buyers from Britain.

    Buyers from Myanmar featured more strongly, coming in at No. 8. They did not make it to the top 10 last year, and were 10th in 2007.

    In the July to September period, foreign buyers – including permanent residents – lodged 2,448 private home caveats, a key step to buying a home.

    This is up from 1,807 caveats in the second quarter and just 498 in the first, according to data compiled by Savills.

    In all, permanent residents bought 1,389 homes in the third quarter.

    DTZ said its preliminary data for the third quarter showed that foreigners accounted for about 25% of total sales, compared with about 33% during the boom of 2007.

    The most popular project sought by foreigners was Sophia Residence, a project launched in July. Then came Caribbean at Keppel Bay, Ascentia Sky, One Devonshire and Viva.

    Permanent residents preferred Melville Park, a 99-year leasehold condominium in Simei, the recently launched Trevista, followed by Caribbean at Keppel Bay.

    About 54% of the purchases by China buyers were for resale homes, said DTZ head of South-east Asia research Chua Chor Hoon.

    Like Malaysian buyers, buyers from China tend to prefer homes priced between $500,000 and $1 million.

    One-fifth of them bought homes costing $1.5 million to as much as $5 million.

    Indonesians, however, tended to go for higher priced projects, particularly those priced $1.5 million to $5 million.

    They like properties located at Novena, River Valley and the Singapore River.

    They had been the biggest group of foreign buyers, taking first place from 2004 to 2007, only to lose the spot to Malaysia during the recent economic crisis, said Ms Christine Sun, Savills Singapore’s senior research & consultancy manager.

    The latest figures featured a substantial rise in the number of foreign transactions for higher-priced properties.

    A total of 86 properties priced above $5 million were sold in the quarter, up from 27 in the second and a mere six in the first.

    Also, there was a 60% rise in deals for projects costing between $1.5 million and $5 million. Demand from foreigners for mass market homes was little changed from the second quarter.

    Savills said recent data showed that foreigners who are not permanent residents tend to buy more pricey projects.

    This group was also more likely to buy homes in prime districts than permanent residents, said Ms Sun. ‘We are hearing that more of these super-rich mainland Chinese buyers have come in recent weeks to buy prime properties like the bungalows in Sentosa Cove.’

    But the big influx of foreigners to the luxury market in the 2006-2007 boom has not quite returned, consultants said.

    Still, support from regional buyers could rise further. Jones Lang LaSalle’s head of residential, Ms Jacqueline Wong, said the firm has had rising interest from new potential buyers from India, China and Russia in the past four months.

    ‘We are one of the places they are considering. They see Singapore as a safe haven,’ said Ms Wong.

    A senior private banker at a foreign bank said: ‘We are seeing some clients consider buying a Singapore property as one of a string of homes they have around the world. Luxury homes have come down 30% from the peak, so they are better value now.’

    DTZ’s Ms Chua said foreign buyers see the growing attraction of Singapore as a global city and expect prices to keep rising as the economy strengthens.

    ‘Prices of prime and luxurious units have not reached 2007 levels and there is still the potential of capital appreciation depending on the rate of economic recovery,’ she said.


  8. #218
    Join Date
    May 2008
    Posts
    9,279

    Default

    according to the table provided, Novena still fav among Indo and Malaysians. Chinese budget, "Mostly between $500k and $1m and prefer Jurong West, Bedok and Kallang."


    Quote Originally Posted by Reporter

    Foreigners back in private home market
    Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China
    Joyce Teo
    The Straits Times
    Thursday, 5 November 2009


    New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter. -- Photo: Desmond Foo, ST

    Foreign buyers are streaming back into the private homes market in growing numbers, especially those from China.

    New research from property consultancy Savills Singapore shows foreigners accounted for 22.7% of private home sales in the third quarter – above the 19.7% average since the start of 2000.

    Buyers from China have dislodged those from India for the No. 3 spot in the rankings this year with a contribution of nearly 15% of total foreign purchases. This puts China just behind Indonesia in the second spot and Malaysia at No. 1.

    In the past two years, India had been in third spot, but it has slipped to fourth.

    Last year, buyers from China had moved up to the No. 4 spot, dislodging buyers from Britain.

    Buyers from Myanmar featured more strongly, coming in at No. 8. They did not make it to the top 10 last year, and were 10th in 2007.

    In the July to September period, foreign buyers – including permanent residents – lodged 2,448 private home caveats, a key step to buying a home.

    This is up from 1,807 caveats in the second quarter and just 498 in the first, according to data compiled by Savills.

    In all, permanent residents bought 1,389 homes in the third quarter.

    DTZ said its preliminary data for the third quarter showed that foreigners accounted for about 25% of total sales, compared with about 33% during the boom of 2007.

    The most popular project sought by foreigners was Sophia Residence, a project launched in July. Then came Caribbean at Keppel Bay, Ascentia Sky, One Devonshire and Viva.

    Permanent residents preferred Melville Park, a 99-year leasehold condominium in Simei, the recently launched Trevista, followed by Caribbean at Keppel Bay.

    About 54% of the purchases by China buyers were for resale homes, said DTZ head of South-east Asia research Chua Chor Hoon.

    Like Malaysian buyers, buyers from China tend to prefer homes priced between $500,000 and $1 million.

    One-fifth of them bought homes costing $1.5 million to as much as $5 million.

    Indonesians, however, tended to go for higher priced projects, particularly those priced $1.5 million to $5 million.

    They like properties located at Novena, River Valley and the Singapore River.

    They had been the biggest group of foreign buyers, taking first place from 2004 to 2007, only to lose the spot to Malaysia during the recent economic crisis, said Ms Christine Sun, Savills Singapore’s senior research & consultancy manager.

    The latest figures featured a substantial rise in the number of foreign transactions for higher-priced properties.

    A total of 86 properties priced above $5 million were sold in the quarter, up from 27 in the second and a mere six in the first.

    Also, there was a 60% rise in deals for projects costing between $1.5 million and $5 million. Demand from foreigners for mass market homes was little changed from the second quarter.

    Savills said recent data showed that foreigners who are not permanent residents tend to buy more pricey projects.

    This group was also more likely to buy homes in prime districts than permanent residents, said Ms Sun. ‘We are hearing that more of these super-rich mainland Chinese buyers have come in recent weeks to buy prime properties like the bungalows in Sentosa Cove.’

    But the big influx of foreigners to the luxury market in the 2006-2007 boom has not quite returned, consultants said.

    Still, support from regional buyers could rise further. Jones Lang LaSalle’s head of residential, Ms Jacqueline Wong, said the firm has had rising interest from new potential buyers from India, China and Russia in the past four months.

    ‘We are one of the places they are considering. They see Singapore as a safe haven,’ said Ms Wong.

    A senior private banker at a foreign bank said: ‘We are seeing some clients consider buying a Singapore property as one of a string of homes they have around the world. Luxury homes have come down 30% from the peak, so they are better value now.’

    DTZ’s Ms Chua said foreign buyers see the growing attraction of Singapore as a global city and expect prices to keep rising as the economy strengthens.

    ‘Prices of prime and luxurious units have not reached 2007 levels and there is still the potential of capital appreciation depending on the rate of economic recovery,’ she said.


  9. #219
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default

    Quote Originally Posted by bargain hunter
    according to the table provided, Novena still fav among Indo and Malaysians. Chinese budget, "Mostly between $500k and $1m and prefer Jurong West, Bedok and Kallang."
    ... cos' the small number of super-rich Chinese now are busy with Sentosa Cove ...

    ... they may be No. 3 now but one needs to observe the rate they climb up the chart ... very soon they will overtake Malaysians and very soon they will look at $1-5M homes just like the Indonesians ...

  10. #220
    Join Date
    Jul 2009
    Posts
    549

    Default

    Quote Originally Posted by Reporter
    ... cos' the small number of super-rich Chinese now are busy with Sentosa Cove ...

    ... they may be No. 3 now but one needs to observe the rate they climb up the chart ... very soon they will overtake Malaysians and very soon they will look at $1-5M homes just like the Indonesians ...
    So we should all buy Jurong West before the super-rich Chinese comes?

  11. #221
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default

    Quote Originally Posted by andy
    So we should all buy Jurong West before the super-rich Chinese comes?
    No.

    As stated in today's The Straits Times:
    1. (Mainland) Chinese PR and (mainland) Chinese new Citizen buy mass-market (e.g. Jurong West, etc.).
    2. Super-rich non-PR Chinese buy prime (e.g Sentosa Cove (for now), etc.).

  12. #222
    Join Date
    May 2008
    Posts
    9,279

    Default

    err, precisely because the small no. of super rich chinese are busy with sentosa cove.

    they are no. 3 by numbers but not by quantum is like the malaysians, the new PRs focusing on non-CCR properties. So even if they are no. 1 by numbers, it may simply mean they are so because of non-CCR. the super rich chinese still seems more facinated by HK.


    Quote Originally Posted by Reporter
    ... cos' the small number of super-rich Chinese now are busy with Sentosa Cove ...

    ... they may be No. 3 now but one needs to observe the rate they climb up the chart ... very soon they will overtake Malaysians and very soon they will look at $1-5M homes just like the Indonesians ...

  13. #223
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default

    Quote Originally Posted by bargain hunter
    err, precisely because the small no. of super rich chinese are busy with sentosa cove.

    they are no. 3 by numbers but not by quantum is like the malaysians, the new PRs focusing on non-CCR properties. So even if they are no. 1 by numbers, it may simply mean they are so because of non-CCR. the super rich chinese still seems more facinated by HK.
    Maybe every thing starts small?

    Perhaps the "small" number of super rich Chinese buying Singapore prime will one day grow into a "bigger" number?
    Have we forgotten there was no Chinese buyer for Sentosa Cove several years ago?
    Have we forgotten how they fared on the chart several years ago?

    Maybe things can change?

  14. #224
    Join Date
    May 2008
    Posts
    9,279

    Default

    in a few years time they will come for sure.

    Quote Originally Posted by Reporter
    Maybe every thing starts small?

    Perhaps the "small" number of super rich Chinese buying Singapore prime will one day grow into a "bigger" number?
    Have we forgotten there was no Chinese buyer for Sentosa Cove several years ago?
    Have we forgotten how they fared on the chart several years ago?

    Maybe things can change?

  15. #225
    Join Date
    Dec 2008
    Posts
    2,419

    Default

    Quote Originally Posted by Reporter
    ... cos' the small number of super-rich Chinese now are busy with Sentosa Cove ...

    ... they may be No. 3 now but one needs to observe the rate they climb up the chart ... very soon they will overtake Malaysians and very soon they will look at $1-5M homes just like the Indonesians ...
    will be happy to sell my condos to them and move to another country in 10 years' time.

  16. #226
    Join Date
    Nov 2009
    Posts
    2,368

    Default

    The mainland Chinese are not coming in in a big way to buy the luxury properties. The problem with BT and Straits Times is they always interview DTZ, Knight Frank etc. Of course these companies will spin the good news about mainland Chinese grabbing SG prime properties BECAUSE they are marketing the properties! And most new supply are in the prime areas. Read the Citigroup report - at least it is more neutral.

  17. #227
    Join Date
    Jul 2009
    Posts
    549

    Default

    Quote Originally Posted by Wild Falcon
    The mainland Chinese are not coming in in a big way to buy the luxury properties. The problem with BT and Straits Times is they always interview DTZ, Knight Frank etc. Of course these companies will spin the good news about mainland Chinese grabbing SG prime properties BECAUSE they are marketing the properties! And most new supply are in the prime areas. Read the Citigroup report - at least it is more neutral.
    Who is reading the stuff written by BT and ST? Just focus on the URA data since they don't lie.

  18. #228
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default

    Quote Originally Posted by Super Crazy, SkyscraperCity, 10 November 2009 6.07 pm
    3-4bedders are a bit slow - arn $1750 fr low flr. The popular units are studio and heard all sold - highest at $2300-2400 psft .....next is the 2-2+1 bedders also almost gone. It seems the buyer look very positive for this project
    Wow!
    $2,300-2,400 psf?
    LS seems to be doing good.

  19. #229
    Join Date
    Jul 2009
    Posts
    549

    Default

    Quote Originally Posted by Reporter
    Wow!
    $2,300-2,400 psf?
    LS seems to be doing good.
    How come all the 2bedder @ Trilight is not sold out yet since it is cheaper at <$1800?

  20. #230
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default

    Quote Originally Posted by Super Crazy, SkyscaperCity, 11 November 2009 12.07 pm
    27th flr studio (538 sqft) sold at 2385 psf.............amazing
    It looks like Novena will hit $2,500 psf soon.

  21. #231
    Join Date
    Nov 2008
    Posts
    10

    Default

    WOW.. prime orchard pricing for novena/newton

  22. #232
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default

    Quote Originally Posted by ozone2002
    WOW.. prime orchard pricing for novena/newton
    Prime Orchard $2,500 psf?

  23. #233
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default


    Foreign property buyers go outside prime areas
    Districts 9, 10 and 15 still rule, but Novena, Jurong, Balestier pick up
    Joyce Teo
    The Straits Times
    Monday, 16 November 2009


    Savills said district 12 - which includes the Balestier (pictured), Serangoon and Toa Payoh areas - has emerged as one of the top new choices among foreigners this year. -- Photo: ST

    Foreign property investors are venturing out of traditional prime areas to snap up homes in other parts of the island.

    A new study has found overseas buyers have become keen on district 12, which includes the Balestier area and which is associated with karaoke bars and lighting shops.

    A Savills Singapore study found that districts 9, 10 and 15 have remained the top spots for foreign buyers over the past three years.

    District 9 includes the Orchard and River Valley areas; 15 covers Katong, Joo Chiat and Amber Road, and 10 includes the posh Ardmore area, and the Bukit Timah, Holland Road and Tanglin neighbourhoods.

    Districts 11 and 22 have become more popular thanks to the higher number of launches there, Savills said.

    In the past three years, there have been at least 30 major launches in district 11Novena and Thomson – alone, including Viva, Park Infinia at Wee Nam, and Miro at Lincoln Road.

    District 22 – it is centred on Jurong – has hosted launches of The Centris, The Caspian and The Lakeshore.

    Savills said district 12, which includes the Balestier, Serangoon and Toa Payoh areas, has emerged as one of the top new choices among foreigners this year.

    Its new projects include The Arte, Trevista, Vista Residences, Nova 48, Nova 88 and Domus.

    ‘These city-fringe projects are near to the city and yet relatively more affordable compared to core central projects,’ said Savills’ senior manager of research and consultancy, Ms Christine Sun.

    Consultants say that in district 12, average prices have been lower, at about $900 psf compared with the over $1,000 psf that Novena, only a few hundred metres away, can fetch. However, the gap is closing, partly due to district 12’s increased popularity as well as the small units offered which have a higher per unit asking price.

    A closer look at the sales data from the three most popular districts of 9, 15 and 10 shows that most of the foreign buyers came from Malaysia, Indonesia, mainland China and India.

    In fact, they accounted for 73.9% of total foreign private property purchases in the first nine months, compared with 59.1% for the whole of 2007 when the market was booming.

    A lot of foreigners came to Singapore to buy back then.

    Many of the high net-worth buyers from Europe, Russia and elsewhere have not quite returned, property experts said.

    But Malaysian buyer numbers have risen by 10% this year compared with 2007, although Indonesian investor numbers have fallen by 4%.

    Mainland Chinese buyers are also up 7.4%, while Indian buyers rose 1.1%.

    A recent Savills study showed that foreigners, especially those from China, were returning to the market.

    Foreigners formed about 22.7% of private home sales in the third quarter – above the 19.7% average since the start of 2000.

    ‘Malaysians and Indonesians prefer prime districts 9 and 10, which tend to be higher-priced projects,’ said Ms Sun.

    She added that mainland Chinese and Indian buyers bought more homes in the city fringe and outside of central regions, such as districts 15, 16, 18 and 22.

    The properties in these regions tend to be relatively less pricey and more mass market.

    Western buyers, including those from Australia, Britain and the United States, tend to congregate in certain districts, such as districts 9, 10 and 15.

    The Japanese prefer district 9, while the Koreans are keen on districts 9 and 10, as well as 16, which includes Bedok and Upper East Coast.
    District 9 has the highest concentration of foreign buyers, at 31%.

    The other top districts popular with foreigners had a proportion of between 19 and 25%.

  24. #234
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default

    Quote Originally Posted by Reporter
    It looks like Novena will hit $2,500 psf soon.
    $2,365 psf is a good start.
    Hopefully Lincoln Suites can clear this $2,500-psf hurdle soon.

    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of October 2009

    Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Lincoln Suites ... CCR ......... 53 ........................... 53 .............................. 2,365 ............ 1,845 ............ 1,530

  25. #235
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default


    Skybridges not deemed part of condo’s gross floor area
    Forum
    The Sunday Times
    Sunday, 29 November 2009

    We refer to last Sunday’s article, ‘More condos let you walk on air’, which reported that fully covered skybridges are considered part of a condominium’s gross floor area, which is pre-determined by the Urban Redevelopment Authority (URA).

    The report elaborated that this means the floor area occupied by a skybridge could have been used for another apartment unit, giving developers additional income.

    The article made reference to Lincoln Suites, that the space taken up by the skybridge could have been used for a $700,000 studio apartment.
    Skybridges are not considered part of a condominium’s gross floor area (GFA).

    A covered skybridge that connects communal areas between two or more blocks, and serves as a communal passageway to facilitate the residents’ movement at the upper levels is exempted from the GFA calculation of the development.

    In the case of Lincoln Suites, the design of the skybridge includes both a passageway as well as an indoor gym.

    As the gym functions more like a clubhouse facility and does not serve as a passageway to facilitate the movement of residents between the two blocks, it does not qualify for GFA exemption.

    The remaining area of the skybridge is exempted from GFA just like other covered skybridges.

    Han Yong Hoe
    Group Director (Development Control)
    Urban Redevelopment Authority

  26. #236
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default

    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of November 2009

    Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Lincoln Suites ... CCR ......... 63 ........................... 15 .............................. 2,299 ............ 1,771 ............ 1,620
    Too bad! LS didn't managed to break launch's high of $2,365 psf.

  27. #237
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default

    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of December 2009

    Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Lincoln Suites ... CCR ....... 71 ........................ 8 ........................... 2,145 ........... 1,939 ........... 1,707
    Can't break October's launch high of $2,365 psf.

  28. #238
    Join Date
    Nov 2008
    Posts
    1,393

    Default

    sorries, but i just couldn't help meself:


  29. #239
    Join Date
    Feb 2009
    Location
    峨眉山
    Posts
    5,512

    Default

    Quote Originally Posted by gfoo
    sorries, but i just couldn't help meself:

    So cute!!!!!!!!! LOL.... how u did that.....

    Wanna do one for Wembly Residences?

    Or The Shore....

  30. #240
    Join Date
    Nov 2008
    Posts
    1,393

    Default

    Quote Originally Posted by mcmlxxvi
    So cute!!!!!!!!! LOL.... how u did that.....

    Wanna do one for Wembly Residences?

    Or The Shore....
    cannot, only applies to LS coz it's official address is XX Khiang Guan Avenue

Similar Threads

  1. KSH, Lian Beng and Heeton unveil plans for Geylang plot
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 06-03-18, 19:18
  2. Lincoln Residences (D11 FREEHOLD SIM LIAN)
    By barbarblackchic in forum District 11
    Replies: 18
    -: 29-11-11, 15:40
  3. Lincoln Suites launched at average $1,680 psf
    By mr funny in forum Singapore Private Condominium Property Discussion and News
    Replies: 1
    -: 25-10-09, 02:02
  4. Lian Beng buys freehold cluster in Mountbatten
    By mr funny in forum En Bloc Achieved
    Replies: 0
    -: 05-07-07, 04:55
  5. Heeton Hldgs, Koh Brothers shares up
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 23-05-07, 04:17

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •