3 transactions in July for high floor "smaller" units above $1000psf. This should set the floor for this development. Mind you the smallest unit is 1851sqft so absolute prices are really quite awful.
Newbie
3 transactions in July for high floor "smaller" units above $1000psf. This should set the floor for this development. Mind you the smallest unit is 1851sqft so absolute prices are really quite awful.
Senior
23rd july 2011.
Senior
I really love to have a unit here. Unfortunately, there are too large for investment.Originally Posted by azeoprop
23rd july 2011.
Newbie
you obviously have been around the area with your cam...23rd july 2011.
nice pics.
Junior
Think is another record in psf.. this time is Sky @ Eleven
Jul 2011
$3,769,860
2271sf
$1660psf
Junior
http://www.temasekreview.com/2011/08/24/how-much-money-did-tony-tan-and-family-make-from-sph-project-skyeleven/
EXPOSED: Tony Tan and family bought 3 units of SPH project Sky@eleven before its soft launch in 2007
August 24th, 2011 |
Author: Temasek Review
According to a tip-off we received from a SPH insider, Tony Tan and his family bought three units of Sky@eleven condominium before they were officially launched in 2007.
Sky@eleven is a freehold luxury development by Times Development, the property arm of Singapore Press Holdings Ltd (SPH)
Located at Thomson Lane, off Thomson Road, the 43-storey high Sky@eleven is the tallest development in the area. One major selling point of Sky@eleven was its attractive pricing, averaging at $975 psf. The highest price recorded was $1,200 psf.
In 2007, SPH sold out all of 273 units of Sky@eleven condo within 30 hours of its soft launch on the evening of Sunday, 28 January, even before the public launch which was scheduled for this weekend.
In a statement released to the media, then SPH Chairman and Director Dr Tony Tan said:
“We are extremely happy with the overwhelming response and at the same time very grateful to the buyers for their support for our exclusive development.”
However Dr Tony Tan did not reveal that his eldest son and daughter-in-law as well as a company partly owned by him and his immediate family had bought 3 units of Sky@eleven before its soft launch.
Below are the pre-sale options some directors asked for and obtained, as declared by SPH to its shareholders, but not reported in the press.
The Directors of Singapore Press Holdings Limited (“SPH” or the “Company”) wish to announce that the Board has approved the proposed sale of units (the “Units”) in the residential development known as Sky@eleven to the following persons who are interested persons of SPH pursuant to Chapter 9 of the Listing Manual of the Singapore Exchange Securities Trading Limited (the “Purchaser”):
- Tan Boon Huan, Peter, son of Tony Tan Keng Yam and Tan Yew Mei, daughter-in-law of Tony Tan Keng Yam
# 39-09
Sky@eleven
$1,871,000
- Bee Kiang (Private) Limited, a company in which Tony Tan Keng Yam and his immediate family have an interest of 30% or more.
# 41-01
Sky@eleven
$3,074,000
- Bee Kiang (Private) Limited, a company in which Tony Tan Keng Yam and his immediate family have an interest of 30% or more.
#41-02
Sky@eleven
$2,828,000
Download the SPH file here
The prices of Sky@eleven have almost doubled since it was launched in 2007. Based on the latest transactions with caveats lodged from URA, Sky@eleven are now selling at between $1,500 – $1,600 psf. (read more here)
After he retired from politics in 2006, Dr Tony Tan was appointed as Chairman of SPH by the PAP regime.
Dr Tony Tan and his family would not be able to obtain the pre-sale options to purchase exclusive units of Sky@eleven before its soft launch if he were not a director of SPH.
Since he is running for the presidency now, Dr Tony Tan should come clean with Singaporeans and revealed the identities of his other family members who have bought the two units of Sky@eleven under his company Bee Kiang (Private) Limited.
Newbie
aiya staff purchase for condos quite common mah...same for IPOsif prices had fallen, would you kpkb here as well?
Junior
aiya staff purchase for condos quite common mah...same for IPOs
Har???... like dat you consider kpkb ah?
I just posted this bcoz I thought it was an interesting piece of info regarding Sky@Eleven.
Ok bro, sorry if it caused offence.
Be Heard, not the Herd
Hehe. Now we know why he is running for president...$4.3m a year.. Hmm...Har???... like dat you consider kpkb ah?
I just posted this bcoz I thought it was an interesting piece of info regarding Sky@Eleven.
Ok bro, sorry if it caused offence.
Senior
Can donate #41-01 and #41-02 to me if I vote for him?
Newbie
Looking at a unit here. The location doesn't seem ideal though. Is the school right in front of it noisy? Anyone staying here able to share his or her experience?
Junior
U can find lots of better ones than this
Senior
Good School for girls :CHIJ Toa Payoh.
Junior
Well, with the recent uptrend.. S11 also join the record breaking in term of psf..
SKY@ELEVEN THOMSON LANE Condominium $5,019,050 2,713psf Strata 1,850 Dec-12
Junior
Well, with the recent uptrend.. S11 also join the record breaking in term of psf..
SKY@ELEVEN THOMSON LANE Condominium $5,019,050 2,713sf Strata 1,850psf Dec-12
Sellers Profit of over $1.4-mio
Newbie
Well, with the recent uptrend.. S11 also join the record breaking in term of psf..
SKY@ELEVEN THOMSON LANE Condominium $5,019,050 2,713sf Strata 1,850psf Dec-12
Sellers Profit of over $1.4-mio
More than doubled from time of launch?
That would be closer to $2.5m increase in value.
Lazy Bum
Prices gone crazy... over 5M for a city-fringe devt
When you have eliminate the impossible, whatever remains, however improbable, must be the truth
Junior
The view is gd so top dollar
SKY@ELEVEN5 Thomson Lane #38-021252Strata3,526,90013996130024-MAR-2007CondominiumFreeholdUncompletedSub SalePrivate1129297724Central RegionToa Payoh
SKY@ELEVEN5 Thomson Lane #38-021252Strata5,019,05019917185003-DEC-2012CondominiumFreehold2010ResalePrivate1129297724Central RegionToa Payoh
SKY@ELEVEN5 Thomson Lane #38-021252Strata3,056,00012127112706-MAR-2007CondominiumFreeholdUncompletedNew SalePrivate1129297724Central RegionToa Payoh
About 1.4mil profit
Junior
It has Tony Tan factor....
Newbie
Is expressway noise a problem for sky11? Have not viewed this one before.
The back door at CHIJ side can walk to TP MRT.
Directly opp condo Cube 8, 2 room done 1200pfs >6 months ago,
Noise a big problem 24-7 for Cube 8, but its high floor also has excellent views.
Newbie
Very near to the Toa Payoh DBSS and they look alike...
Junior
I have viewed one very high flr unit over a year ago.. view is excellent with both city infront & greenery view behind.. the built-in area & layout without much usage.. makes the unit so big & very comfortable to living in.
Senior
The DBSS and trevista looks more alike. Sky's facade looks fairly different from its surroundings.
Junior
I have been in a 10th fl unit with pool view. Expressway noise not noticeable. It's very breezy.
Ambience of this devt. is good. The grounds are very spacious.
Junior
Ya.. If I'm not wrong, The Peak @ Toa Payoh & Trevista looks very much alike..
There was once I was confused when I drove pass Lor 2 & saw the DBSS.. wondering how come Trevista is over at Lor 1A instead of Lor 3
Senior
Trevista nearer MRT mah. Initially I needed to pass the fenceline to see which was the private condo. I guess that is a complement to how well they have designed the Peak DBSS.
Junior
Actually if no need the condo facilities & security.. Peak DBSS is good enough.. Is like living in Trevista without facilities & security only.. cos the building looks so much alike
Newbie
Oh, really? Maybe I got confused. Thought trevista is sky-eleven
Senior
Trevista's compound isn't that big. The one advantage is they raised the development as compared to the road level outside.
Banned
Got backgate shortcut by foot to Blk 169 / 170 ??
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