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Thread: The Mezzo (D12, Freehold, Soilbuild)

  1. #1
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    Default The Mezzo

    Project Name-The Mezzo
    Developer-SB (Ruby) Development Pte Ltd(Soilbuild Group Holdings Ltd)
    Property Type-Apartment
    Tenure - Freehold
    Total Units - 82
    Completion Date - est. 31 Dec 2012
    District - 12

    2 bedroom (990 - 990sf)
    2 bedroom (P.E.S) (1163 - 1163sf)
    3 bedroom (1453 - 1453sf)
    3 bedroom (P.E.S) (1711 - 1711sf)
    3 bedroom + study (1550 - 1550sf)
    4 bedroom (1658 - 1658sf)
    Penthouse (1776 - 3229sf)









    >>> click here for more floor plans and elevation chart >>>


  2. #2
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    Default The Mezzo (D12, Freehold, Soilbuild)

    http://www.straitstimes.com/Money/St...ry_349031.html

    March 12, 2009 Thursday

    More projects with small units to be released this weekend

    By Joyce Teo, Property Correspondent


    MORE projects with small apartments are being released for sale, with one offering units of just 344 sq ft - slightly over half the size of a squash court.

    The releases follow the recent success of developments like Alexis, where small units have attracted plenty of buyers with their low overall prices. Prices at the project in Alexandra Road started at $450,000 for one-bedders, which are between 366 sq ft and 527 sq ft.

    A preview for the freehold Kembangan Suites at Jalan Masjid - which has 60 mainly small flats and eight shops - starts today. The project's marketing material said prices will be revealed only at 10am with sales starting at noon.

    Starting prices are at least $300,000 for the one-bedroom units, which range from 344 sq ft to 527 sq ft, according to the marketing material. The project also offers 581 sq ft two-bedroom units.

    The 104-unit Domus in Irrawaddy Road will be released for sale this weekend with the interest absorption scheme.

    The actual pricing has not been firmed up but will start from just below $500,000 for the 25 studios of 474 sq ft, said Savills Residential, which is marketing the project.

    The project has penthouses, including a 926 sq ft double-storey one-bedroom penthouse.

    Domus is next to a fairly new launch - I-Residences, where prices are hovering around $900 psf.

    In nearby Balestier, The Mezzo - on the site of the former Ruby Plaza - will also be released for sale in a special preview tomorrow. It has 127 units including 20 one-bedders of 560 sq ft.

    The unusual aspect of The Mezzo is that it is offering a 6 per cent annual rental guarantee for two years, apart from the interest absorption scheme. The rental guarantee kicks in right after the temporary occupation permit date.

    The one-bedders will be priced from about $540,000 and the two-bedders from about $715,000, said HSR Property Group.

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    http://www.straitstimes.com/Money/St...ry_355164.html

    March 27, 2009 Friday

    Home hunters pack showflats in Balestier

    By Joyce Teo


    SOME home hunters have been packing showflats in the Balestier area and buying units, even as the general property market remains weak.

    City Developments (CDL) said yesterday it has sold 'about 60 per cent' of the 100 units at The [email protected] at an average price of $880 per sq ft since a hush-hush preview started last Friday.

    The Arte has 336 fairly large units in two 36-storey blocks in Jalan Datoh, off Balestier Road.

    The 60 or so units were transacted at $852,800 to $2.46 million, said a CDL spokesman.

    Most of those sold were two- and three-bedroom units. The two-bedroom units are 1,055sqft, while nearly half of the project comprises three-bedroom units ranging from 1,399 sq ft to 1,625sqft.

    CDL said it had extended the interest absorption scheme (IAS) to buyers during the preview at no extra cost, but could not yet say how many buyers had taken advantage of it.

    'Buyers are given some time to decide if they wish to take up the IAS,' said the spokesman.

    The scheme allows buyers to defer the bulk of the purchase price until completion on condition that they take up a loan at the point of sale.

    The CDL spokesman said the $880 per sq ft price was being offered for a limited number of units only. 'We will be reviewing the price and adjusting it upwards progressively,' he said.

    The encouraging sales at The Arte came amid a still-slow market as some other launches see relatively weak interest. Demand for high-end homes, in particular, remains poor.

    New home sales in February were lifted to a relatively high level, but that was largely due to the strong sales at three mass to mid-end projects. Many buyers went for small units as their absolute prices were low, and hence affordable.

    Just last week, Keppel Land deferred the construction of two yet-to-be-launched projects - Marina Bay Suites in Marina Bay and Madison Residences in Bukit Timah - because of the slumping market.

    In the Balestier area, the new showflats benefited from spillover crowds from the various launches, said Savills Residential director Phylicia Ang, who is marketing the 104-unit Domus in the area.

    Released for sale two weeks ago, Domus, in Irrawaddy Road, welcomed visitors who had initially attended The Arte preview.

    So far, 33 units - out of the 59 launched at Domus - have been sold at an average of $900 per sq ft, or from $480,000 to $1.2 million, said Ms Ang.

    The sales included 20 one-bedroom units of 474sqft.

    Novelty Group's I-Residences, a 70-unit project in Irrawaddy Road, is about 50 per cent sold since its private preview late last year.

    Nearby, on the former Ruby Plaza site, Soilbuild had a preview for The Mezzo, which offers a 6 per cent rental guarantee for two years. It did not comment on sales.

  4. #4
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    Default Mezzo - Good Buy?

    went to see this project. There'll be a commercial units for 2 levels followed by carpark and then with the condo projt on top. Just not sure how's the rental and capital appreciation potential for this project. It is definitely cheaper but does buying this project equates to penny wise pound foolish, with Hotel 81, nighclubs just ard the corner? Any comments?

  5. #5
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    Are they still asking for $800+ psf?
    I know that in 2006 or so, the price for another FH condo a few steps away was selling for $500+ psf.

    And the traffic there is not ideal, and far from MRT.

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