Tree House (D23, 99 years leasehold, CDL)

[proud owner]

I can't believe it. What is the selling point of Tree House?

its not the location

its the propaganda that if surburb can achieve 1000 psf ..then anything below that is a BUY

[ay123]

Toking about Treehouse's pricing. Initially, i was shocked to see devt bot this ulu land for more den 200+psf...I was thinking more ulu (no MRT) den 'Caspian' and yet breakeven price is the same as Caspian launch prices.

I am even more surprised to see when I heard rumours toking about treehouse launch prices from 800psf...I was thinking...WOW...no MRT and yet launched higher den Estuary@Yishun (with gd reservior view+10mins MRT)

Later on, I am shocked to see overwhelming response and currently around 90% SOLD.

Come to think about it: our currency really shrinking at a much faster pace encumbered with low interest rate + foreseen high inflation

GLS min price will be around 150psf+300psf construction cost+150psf devt profit margin=$600psf and tat somehow will be the bottom trough for mass market condo going forward.

so the ONLY one who pocket the most gain without fearing of any upside or downside is the govt. if GLS min price is 150psf, without doing anything they already pocketed 349psf & 373psf from the recent 2 land sales. the developers are the biggest carrot buyers are just ingredients to enhance their profit (stamp duty)

[Reporter]

I can't believe it. What is the selling point of Tree House?

Maybe Tree House's selling point is in its pricing?

"You pay the price of a 7-year-old EC but you get a "bland new" "normal/private" condo!"

Bishan Loft, the going-7-year-old EC in District 20 Bishan, has a nëw hïgh of $892 psf!

Can this old EC reach $900 psf soon?
I am still wondering why some say "new" "normal" condo (not "old" "EC" but "new" "normal" condo) should be priced below $900 psf.


Bishan Loft
Address ............................. psf ............ Area ........... Price ........... Contract Date
33 Bishan Street 11 #31-10 .... $892 psf .... 1,345 sqft .... $1,200,000 .... 3 May 10

[gohsoonk]

Don't forget the stamp duty upon purchase and sale (if sold within a year).

so the ONLY one who pocket the most gain without fearing of any upside or downside is the govt. if GLS min price is 150psf, without doing anything they already pocketed 349psf & 373psf from the recent 2 land sales. the developers are the biggest carrot buyers are just ingredients to enhance their profit (stamp duty)

[Komo]

In my opinion, the main distinct features/concepts, or selling pioint, of Tree House is being near to nature and floor plan has a balcony which runs alongside the living/dining room all the way to the bedrooms. I saw such concepts at the Interlace and the Estuary. Perhaps that explains the high support price of Tree House.

[jdm]

In my opinion, the main distinct features/concepts, or selling pioint, of Tree House is being near to nature and floor plan has a balcony which runs alongside the living/dining room all the way to the bedrooms. I saw such concepts at the Interlace and the Estuary. Perhaps that explains the high support price of Tree House.

But now there will be a new condo right next to it (see gov't land sales for this year) ....so much for near to nature

Long balcony....(very narrow) What do people use the balcony for in Singapore......DRY LAUNDRY!!! The estate will look sooooo nice.

[mastrix]

Long balcony....(very narrow) What do people use the balcony for in Singapore......DRY LAUNDRY!!! The estate will look sooooo nice.

Treehouse balcony not "very narrow" lah. Dry laundry? not really...you should see more completed condo with balcony...you will have diff view, I believe. In addition, those with patio (grd flr) are getting more stylo and resort-like living.

[Komo]

I think nowadays people like to have both indoor and outdoor lifestyle in the house. I suppose it's kind of like landed feel. Something different from HDB too. But I think that having a balcony only make good sense if there is an unblocked fantastic view in front and a serene surrounding, i.e. giving a a resort feeling.

[Wild Falcon]

Nothing wrong with drying laundry harnessing nature .Sometimes I really miss the old-style HDB with the bamboo sticks with all sorts of colourful laundry laid out for all to see. Seriously, it is uniquely Singapore with so much character and is environmentally friendly as well. It's always better to use solar energy and natural ventilation to dry laundry than using electric dryer

But now there will be a new condo right next to it (see gov't land sales for this year) ....so much for near to nature

Long balcony....(very narrow) What do people use the balcony for in Singapore......DRY LAUNDRY!!! The estate will look sooooo nice.

[jdm]

Nothing wrong with drying laundry harnessing nature .Sometimes I really miss the old-style HDB with the bamboo sticks with all sorts of colourful laundry laid out for all to see. Seriously, it is uniquely Singapore with so much character and is environmentally friendly as well. It's always better to use solar energy and natural ventilation to dry laundry than using electric dryer

Does the practice of drying clothes on the balcony affect values of the property? Most definitely, YTL Land & Development Bhd project manager Kon Chee Onn says. “The facade of the building is the first area potential purchasers will see before deciding whether to purchase a unit in the development. The first impression is enough to gauge what kind of residents make up the neighbourhood - whether they are house-proud or not. Just take a look around the many high-rise residential blocks. Some places have clothes hung everywhere, and this can turn out to be an eyesore.

[devilplate]

to me, doesnt matter...unless u r toking about luxury segment

bcoz i used to stay in HDB...too used to colorful flags

[jitkiat]

heard got returning units in TreeHouse ...

[sfwoo]

heard got returning units in TreeHouse ...

Why need to return?
Cannot get loan?

[mr funny]

http://www.businesstimes.com.sg/sub/...13540,00.html?

Published June 9, 2010

Tiong Seng clinches $146m deal to build Tree House

By OLIVIA HO


CONSTRUCTION group Tiong Seng Holdings has won a $146 million contract to build Tree House - an eco-condominium pro-ject in Chestnut Avenue, off Upper Bukit Timah Road.

The contract, won through subsidiary Tiong Seng Contractors (TSC), was awarded by Chestnut Avenue Developments, a joint venture between City Developments and Hong Realty. Work on the project is expected to start next month and be completed by December 2012.

The contract scope for the 429-unit Tree House includes designing and building the four 24-storey towers as well as the eco-features and recreational amenities.

The towers will have expansive green walls that will function as a vertical green lung, reducing the development's carbon footprint and collecting rainwater to irrigate its gardens.

Based on its design specifications, Tree House has clinched the Green Mark Platinum Award - the Building and Construction Authority's (BCA) highest environmental accolade. This year, Tiong Seng also clinched three BCA Construction Excellence awards for the construction of Parc Emily, Riveredge and St Regis Residences.

With the latest contract win, Tiong Seng's order book stands at about $1.1 billion. The group expects the majority of these orders to be fulfilled over the next 12 to 30 months.

Tiong Seng Holdings' CEO Pek Lian Guan expressed excitement about the Tree House - particularly its iconic vertical green walls. 'Having constructed a strong portfolio of green buildings in Singapore, Tiong Seng has the experience and expertise in managing the Green System during the construction process,' he said.

Tiong Seng's first quarter 2010 net profit was $3.1 million, down from $5.2 million a year earlier. Revenue fell to $54.2 million from $122.8 million.

Tiong Seng's stock ended trading 1.5 cents higher yesterday at 25 cents.

[maisonjai]

anyone here can work out the construction cost? always hear $250-300 construction cost, don't know zun or not.

[mastrix]

anyone here can work out the construction cost? always hear $250-300 construction cost, don't know zun or not.

$285psf? anyone?

[bargain hunter]

maybe 250 for construction companies which won tenders and closer to 300 for pure developers?

$285psf? anyone?

[apple3]

maybe 250 for construction companies which won tenders and closer to 300 for pure developers?

There is no fix price tag on construction but for tiong seng, it definitely exceed 300 and maybe close in to 380.

Tiong Seng is a pretty decent and good builder but again, much depend on the NSC under him.

[devilplate]

still got other overheads other den construction cost rite...aiya 300psf round up lor for mass market...400-500 for luxury market

but hor, last time double bay land only 22xpsf rite? and devt sell 650psf..hmm profit margin not much wor...mabe planter+baywindows earn extra

[Wild Falcon]

This is a Green Mark Platinum award condo - the design put many "high end" condos to shame. I suspect the building cost would be higher than a standard condo. Sometimes when developers get the land cheap, they make greater margin and may give better quality to the buyers.

There is no fix price tag on construction but for tiong seng, it definitely exceed 300 and maybe close in to 380.

Tiong Seng is a pretty decent and good builder but again, much depend on the NSC under him.

[amk]

$285psf? anyone?

yes this the figure based on the contract sum.

CDL bought the site for $144m. ppr psf is $280. Now construction contract is also $146m, so it's also abt $280. Plus other legal, landscape, marketing etc costs, total cost should be $600-$650. You judge yourself if the selling price is fair.

[devilplate]

even if devt bot the land at $1psf ppr..they also will sell at 8xxpsf...so y care so much? jus make sure u r not buying into next cycle peak prices will do like the sound..

[wesing]

Tree House fully sold out in June liao

Last 13 units sold between $780-$854 psf.

CDL has done it again

[Wild Falcon]

Really fully sold? Well done. Upper Bukit Timah really getting popular.

[mastrix]

ya. long time sold out liao.

btw, something BIG is coming around Tree House. Good Buy!

[Xan]

Treehouse site is a place where birds don't even lay eggs. Looks like any development nowadays can sell out. Its just a matter of time.

[Komo]

ya. long time sold out liao.

btw, something BIG is coming around Tree House. Good Buy!

what's the news..or rumour?

[august]

what's the news..or rumour?

2H10 GLS on the plot of land right next to treehouse lor, big deal meh?

[Wild Falcon]

Wrong. I think it's a place where the birds like to lay eggs. Look at the leafy environement

But I think no one expects such a "ulu" project to do so well lah. Maybe because it's just so different? At least we have one project who doesn't talk about being near the "IR" for once But it has set a price benchmark for the freehold developments in the area - esp those that would be near future MRT stations.

Treehouse site is a place where birds don't even lay eggs. Looks like any development nowadays can sell out. Its just a matter of time.

[devilplate]

Wrong. I think it's a place where the birds like to lay eggs. Look at the leafy environement

But I think no one expects such a "ulu" project to do so well lah. Maybe because it's just so different? At least we have one project who doesn't talk about being near the "IR" for once But it has set a price benchmark for the freehold developments in the area - esp those that would be near future MRT stations.

u benefit the most from treehse sell out!

so now hillvista 1080psf FH brandnew gona TOP and within10min to future mrt(not exactly near though) cheap cheap hooray? haha