Condos in Bukit Timah area

[burgmer]

which condos are the best for rent for a family of 4 in this area. We want to have many families living there with German/European/int. background.

There is so many condos around 98, so what can be recommended with a nice outside area.

Tks for recommendations.

MB

[echotrain]

For Bukit Timah, you can start from the Balmoral side, nearer to Newton and the town. Lots of nice condos, a lot of expats. This is district 10.

Further down will be the Duchess area, more locals staying there due to the proximity to some schools. This is district 10 too.

Even further will be around the Bukit Timah area near King Albert Park. Prices should be cheaper there. This is district 21.

If you venture further even, you will go west past bukit timah plaza, an old shopping centre to upper bukit timah. That will really be much further out.

[Reporter]

ERP gantry at Upper Bukit Timah to be relocated
AsiaOne
Wednesday, 23 December 2009

The current Electronic Road Pricing (ERP) gantry at Upper Bukit Timah Road near Hume Avenue will be relocated about 150 metres further down the road towards the city to facilitate construction of the Downtown Line.

The new gantry will be installed on 30 December 2009 and installation will be completed on 5 January 2010.

To facilitate construction, Upper Bukit Timah Road will be partially closed to traffic from 10pm, Dec 30 to 5am, Dec 31. It will be fully closed from 12am to 5am on Jan 5.

During the road closure on Jan 5, traffic will be diverted to Hume Avenue.
Motorists will see two separate ERP gantries during this period. However, the new gantry will not be operational until the existing gantry is decommissioned.

The switch over of the new ERP gantry operation will be carried out in early Feb 2010. The current gantry will be dismantled by early March 2010.

Existing ERP rates and operating hours apply. Should motorists have any queries, they can contact the LTA hotline at 1800-CALL LTA.

[Reporter]

Green Lodge up for en bloc sale
Joyce Teo
Property Reporter
The Straits Times
Wednesday, 30 December 2009



The improving property market has prompted owners at Green Lodge Condominium in Toh Tuck Road to put their estate up for collective sale.

They want $135 million for the freehold estate in Toh Tuck Road, an asking price of $683 psf ppr, including development charge.

That will give owners about $1.55 million to $1.58 million per unit - about 40% more than the open market price, said Mr Jeffrey Goh, head of investment sales at the estate's marketing agent, Newman & Goh.

Like other sales launched in the latter half of this year, the Green Lodge owners voted for the en bloc sale many months ago but have held off until the market looked more promising.

The majority agreed to sell their property as early as April but the market was very weak then, said Mr Goh.

Green Lodge condo sits on a site of 151,075 sqft near the Toh Tuck campus of the Canadian International School.

[Regulators]

i wanted to buy greenlodge last year (mentioned in one of my very early threads) as I feel it has better potential than beverly, but too bad the owners were asking ridiculous prices then, as the committee was undergoing en bloc negotiations. I heard that the negotiations have been going on for years and it has come to fuition now, good for the owners...

[Reporter]

Green Lodge tender receives ‘a few’ bids
The Business Times
Thursday, 14 January 2010



The tender for the collective sale of Green Lodge at Toh Tuck Road closed yesterday afternoon but it is not clear if a winner for the site has emerged.

BT understands that there were ‘a few’ bids for the freehold parcel, but marketing agent Newman & Goh was tight-lipped over the results of the tender. It is conducting due diligence and has imposed a blackout period in the meantime.

The 80-unit Green Lodge, spanning 151,075 sqft with a plot ratio of 1.4, was put up for sale at end-December last year. The asking price stood at $135 million, and including a development charge of around $9.5 million, the price worked out to $683 psf ppr.

The winning developer would be able to launch a project with around 211 units measuring an average 1,000 sqft.

A consultant estimated that the units could be sold at around $1,000-$1,100 psf, while Newman & Goh projected an average selling price of at least $1,250 psf.

In a report issued yesterday, analysts from Goldman Sachs expressed reservations over the return of collective sales activity for now. ‘Even though developers are financially stronger, we think they will choose to stay on the sidelines in the en bloc market until demand returns more visibly in 2H 2010,’ they said.

‘A good indication of potential trigger points for en blocs is the widening of primary over secondary market prices.’

[Reporter]

Toh Tuck Apartment up for collective sale with asking price of S$35.5M
Mok Fei Fei
Channel NewsAsia
Wednesday, 7 April 2010, 1358 hrs

Another group of owners in Singapore is hoping to cash in on the current red-hot property by launching an en bloc sale.

Toh Tuck Apartment, located off Upper Bukit Timah Road, has been put up for sale by tender.

The asking price is around S$35.5 million.

The freehold residential site comprises 13 apartment units with sizes averaging 223 sqm.

Each owner is expected to get an average S$2.73 million for their units.

That translates to S$650 psf ppr.

The site, spanning 40,449 sqft, has a permissible plot ratio of 1.4 and can be built up to 5 storeys.

Marketing agent HSR International said the site can be redeveloped into 75 apartment units

It added that the site has achieved 100% consensus from the owners

Tender for the sale closes on April 23.