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Thread: Twin Peaks (D9, 99 years leasehold, OUE)

  1. #61
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    http://www.businesstimes.com.sg/sub/...43396,00.html?

    Published June 15, 2011

    Jackie Chan, Wakin Chau buy Leonie Hill Rd condos

    By KALPANA RASHIWALA


    (SINGAPORE) Hong Kong movie superstar Jackie Chan and his good friend singer/song writer Wakin Chau have again picked up a few apartments - this time in Overseas Union Enterprise's Twin Peaks condo at Leonie Hill Road.


    Twin Peaks: Units in the 99-year leasehold project are trading at an average price of about $2,850 psf but the two celebrities are reckoned to have enjoyed discounts

    BT understands that Mr Chan has bought two units on one of the lower floors of the 35-storey project, while Mr Chau purchased a unit on another floor.

    All three units are said to be one bedders of 571 square feet each. Units in the 99-year leasehold project are trading at an average price of about $2,850 per square foot although market watchers reckon the two celebrities would have enjoyed a discount given the star attraction they would bring to the development, which is expected to be completed around early 2014.

    Mr Chau, previously known as Emil, held a concert in Singapore about a fortnight ago.

    Interestingly, Mr Chan used to own a three-bedroom apartment in the old Grangeford Apartments which OUE bought through a collective sale a few years ago and which is being torn down for redevelopment into Twin Peaks.

    Residents of Twin Peaks, at the corner of Grange and Leonie Hill roads, will have the option of engaging hospitality and housekeeping services from the Mandarin Orchard Singapore, which is also part of the OUE group. BT understands that the units bought by Mr Chan and Mr Chau will have views of Grange Road/ Orchard Road.

    In March last year, the duo picked up four apartments in the freehold Centennia Suites at Kim Seng Road worth over $10 million. In that deal, Mr Chan acquired three units - two, three and four bedders making up an entire floor - while Mr Chau purchased a three bedder.

    The average price in the project then was reported at about $2,000-2,100 psf. Centennia Suites is being developed by a privately held entity of Lippo Group. The Indonesian group also controls OUE, which is listed in Singapore.

    Mr Chan also bought the former Jinriksha Station at 1 Neil Road in late 2007 for $11 million.

    Twin Peaks comprises two identical 35-storey towers with a total of 462 units, offering a mix of one, two and three-bedroom apartments. OUE began selling units in the project in July last year and to date more than 50 units have been sold. The highest price achieved in the development is $3,170 psf.

    OUE is expected to relaunch the project later this year once its new showflat is ready.

  2. #62
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    Buy more pirated dvds, mp3. or use torrent to download their movies and songs .
    See whether they can buy more condos in Singapore.

  3. #63
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    last year buy $10m worth of big units. this year only buy 3 studios worth 4.5m? even they also cut back? LOL.

    Quote Originally Posted by hopeful
    Buy more pirated dvds, mp3. or use torrent to download their movies and songs .
    See whether they can buy more condos in Singapore.

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    haha, jackie bought MM units.

    He obviously will not live in them. So, it is just speculation prompted by the discount for his star quality. It is so beneath him. Shame.

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    Quote Originally Posted by stalingrad
    haha, jackie bought MM units.

    He obviously will not live in them. So, it is just speculation prompted by the discount for his star quality. It is so beneath him. Shame.
    to him, a hongkie, considered a very big MM liao

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    Quote Originally Posted by stalingrad
    haha, jackie bought MM units.

    He obviously will not live in them. So, it is just speculation prompted by the discount for his star quality. It is so beneath him. Shame.
    Not really lah. He is endorsing mm. He is Likely to be collecting advertising fee for that.

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    JJ Lin just bought a unit here.

    Joining Jackie Chan and Wakin Chou

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    3 stars there.. one young, one old and one middle...

    hurry, grab a unit there.

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    Quote Originally Posted by stalingrad
    haha, jackie bought MM units.

    He obviously will not live in them. So, it is just speculation prompted by the discount for his star quality. It is so beneath him. Shame.
    He used to own a unit in Grangeford that they are knocking down now.
    He didn't live there either - or at least I never saw him in the lift......

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    http://www.businesstimes.com.sg/sub/...68740,00.html?

    Published July 7, 2011

    Mandopop idol JJ Lin buys Twin Peaks unit

    By KALPANA RASHIWALA


    ABOUT two weeks after Hong Kong movie superstar Jackie Chan and singer/song writer Wakin Chau picked up three apartments at the Twin Peaks condo project at Leonie Hill Road, Singapore-born Mandopop idol JJ Lin has followed suit.


    Celebrity appeal: JJ Lin's purchase follows those of Jackie Chan and Wakin Chau. Units in the 99-year leasehold project are trading at an average of $2,850 per square foot

    The 30-year-old is understood to have bought a one-bedroom apartment of 571 square feet in the 35-storey project, which is being developed by Overseas Union Enterprise (OUE). His unit is said to be on a higher floor than the three units bought earlier by the two Hong Kong celebrities.

    Chan is said to have purchased two adjoining units while Chau acquired a unit on another level.

    All three apartments are also 571 sq ft one-bedders and will have views of Grange Road/Orchard Road.

    Lin, 30, a former Anglo-Chinese School boy, is a singer-songwriter and composer based in Taiwan with a following in China, Taiwan and Singapore.

    Units in the 99-year leasehold Twin Peaks project are trading at an average price of about $2,850 per square foot. The development, which will come up on the former Grangeford Apartments site, is expected to be completed around early 2014.

    A spokeswoman for OUE confirmed the sale of a unit to Lin and added: 'Undoubtedly, the purchases by the celebrities have generated much interest in Twin Peaks and we are very encouraged by the response.'

    Among the perks that residents of Twin Peaks will enjoy is that they may engage hospitality and housekeeping services from the Mandarin Orchard Singapore, which is also part of the OUE group.

    Twin Peaks comprises two identical 35-storey towers with a total of 462 units, offering a mix of one, two and three-bedroom apartments. OUE began selling units in the project in July last year and to date has sold nearly 60 units in the development. The highest price achieved is $3,170 psf.

    OUE is expected to relaunch the project later this year once its new showflat is ready.

    The company's spokeswoman said that the development has drawn buyers from Singapore, China, Indonesia, Malaysia, India, Hong Kong and Taiwan.

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    Quote Originally Posted by EBD
    He used to own a unit in Grangeford that they are knocking down now.
    He didn't live there either - or at least I never saw him in the lift......
    both jackie and zhou hua jian bought centennia suites off kim seng road sometime last year...

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    yeah.. jackie bought 3 units (whole floor) wakin just got one 2 bedder i think..

    Centennia suites is one NICE condo man...

    Jackie got so many properties around the world.. very hard for him to utilise all of them la.. i know he owns a whole street of shops in Australia... think it's Canberra's china town... or Adelaide... one of the smaller cities la... his dad lives there or something...

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    Quote Originally Posted by Condo Kaiser
    yeah.. jackie bought 3 units (whole floor) wakin just got one 2 bedder i think..

    Centennia suites is one NICE condo man...

    Jackie got so many properties around the world.. very hard for him to utilise all of them la.. i know he owns a whole street of shops in Australia... think it's Canberra's china town... or Adelaide... one of the smaller cities la... his dad lives there or something...
    He does utilise them. He rents them out.

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    Deutsche Bank update..... 21 Feb 2012

    "Sales at Twin Peaks have come to a standstill, with only
    one unit sold in the quarter (50 out of 462 units sold to date), below mgmt's
    initial target"

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    Quote Originally Posted by EBD
    Deutsche Bank update..... 21 Feb 2012

    "Sales at Twin Peaks have come to a standstill, with only
    one unit sold in the quarter (50 out of 462 units sold to date), below mgmt's
    initial target"
    Stand-by for fire-sales. I project minimum 10% discount to re-start sales. Initial buyers will cry.

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    Quote Originally Posted by hyenergix
    Stand-by for fire-sales. I project minimum 10% discount to re-start sales. Initial buyers will cry.
    10% discount? U sure? Mass-market already 18% off discount, At least 25% discount guarantee sales up by min 100 units

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    Quote Originally Posted by dtrax
    10% discount? U sure? Mass-market already 18% off discount, At least 25% discount guarantee sales up by min 100 units
    18% VVIP discounts are fake. They are designed to allow "discount reduction" which is another way to raise price. 25% discount sounds good to clear many units.

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    after a long hiatus, 2 sold at 2806 and 3050psf.

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    another 2 units sold at 2696 and 2710psf in sep.

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    1 more sold at 2778psf

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