This area is going to be hot soon with Capitaland developing this area with new Bus terminal, shopping malls and apartments. Average asking price $1100psf?
Senior
This area is going to be hot soon with Capitaland developing this area with new Bus terminal, shopping malls and apartments. Average asking price $1100psf?
Newbie
My guess $1200 psf on avgOriginally Posted by DC33_2008
Junior
Shareholders of Capland wish to see $1300-1400psf!
Junior
CapitaLand's new Bedok development likely to draw HDB upgraders
By May Wong | Posted: 13 September 2010 2041 hrs
SINGAPORE : CapitaLand has said its new development at Bedok Town will likely attract potential buyers such as HDB upgraders.
Property analysts believe the area will also be rejuvenated as it now lacks new residential and commercial developments.
The Bedok Bus Interchange will receive a facelift in the fourth quarter of next year. The bus interchange, together with a piece of land next to it, will be transformed and incorporated into a 13-storey residential cum commercial building.
CapitaLand's integrated development will have about 500 residential units, which make up about 60 per cent of the project. The remaining 40 per cent will be allocated to two basement levels of shopping area.
CapitaLand said the project will cater to about 300,000 residents living around the area, which is said to be the largest HDB estate in Singapore.
Aside from neighbourhood retailers, the new project is set to offer more variety.
Lim Beng Chee, CEO, CapitaMalls Asia, said: "What we're going to do is something different - like for example, in this place you can't find a 'cha chaan teng' (Chinese tea cafe), you cannot find Ramen, you cannot even find a Starbucks coffee or something similar.
"So I think these are the traits that will complement the F&B side. On top of that, there'll be some fashion that is affordable that we can bring over - the popular brands currently are Uniqlo."
The nearest shopping place currently is about three bus stops away - Tampines Mall - or you have to take a train down to Bugis Junction, which is about seven stops away, or you have to go to Parkway Parade.
But after the development, residents can enjoy shopping in a well-serviced shopping mall at their doorstep.
Mr Lim said the government's recent measures to cool the property market will have little impact on its development because at "this place, there's a lack of private condominium. I'm quite confident that when we launch it, it'll be well taken (up)."
Analysts expect the selling price of the residential units to average around S$1,100 per square foot (psf) or more, while the retail rent will likely range between S$15 and S$27 psf per month.
The project is expected to be fully completed in the first half of 2015.
- CNA/al
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Newbie
$1200 sounds like a "fair" price vis-a-vis Centro Residence at Ang Mo Kio. Even if they launch it at $1300, there will be no shortage of buyers.
Junior
HDB Launches Sale Of Site At Bedok Reservoir Crescent By Tender Under Design, Build And Sell Scheme (DBSS)
Date issued : 13 Sep 2010
The Housing and Development Board is launching Land Parcel Bedok PH1 located at Bedok Reservoir Crescent for sale by public tender under the Design, Build and Sell Scheme (DBSS) on 14 Sep 2010 (Tuesday). The tender will close at 12 noon on 2 Nov 2010 (Tuesday).
Details of Site
2The new DBSS site is located in Bedok Town, a choice residential town surrounded by excellent amenities such as Town Centre, Neighbourhood Centres, schools, Bedok Reservoir, parks, cinemas, supermarkets, a library, swimming complex, as well as sports and transportation facilities. Land Parcel Bedok PH1 is situated just an exit away from the Pan-Island Expressway (PIE) and is also connected by trunk roads from Marine Parade, Tampines, Simei and neighbouring districts. The Bedok MRT Station and Bedok Bus Interchange are within easy reach at the Town Centre. With the new Bedok Town Park MRT station on the Downtown Line 3 completing in 2017, residents will have an alternative transport choice close to their home. The details of the land parcel are as follows:
Location Bedok Reservoir Crescent(PDF 528KB)
Proposed Development Public Housing
Site Area 16,668.2 sq m
Max. Allowable GFA [GPR]46,670.96 sq m [2.8]
Estimated Dwelling Units430
Lease Term 103 years (includes a 48-month construction period)
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Newbie
wah so fast they already drum up interest. Did they say when they are launching?
I think a critical milestone would be securing a real "anchor" tenant not just F&B for the retail portion to be successful, cos we know singaporeans will travel half way across the island just for food, anyway.
Senior
I think this development will sell rather well as the infrastructure has already been developed and not so many mrt stops to city and changi expo or even the 4th university.
Junior
The Straits Times article today mentioned that the Residential units should be launched about 3Q2011.
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Junior
This one vry near to future Bedok town park MRT. Land around reservoir is depleting....
HDB Launches Sale Of Site At Bedok Reservoir Crescent By Tender Under Design, Build And Sell Scheme (DBSS)
Date issued : 13 Sep 2010
The Housing and Development Board is launching Land Parcel Bedok PH1 located at Bedok Reservoir Crescent for sale by public tender under the Design, Build and Sell Scheme (DBSS) on 14 Sep 2010 (Tuesday). The tender will close at 12 noon on 2 Nov 2010 (Tuesday).
Details of Site
2The new DBSS site is located in Bedok Town, a choice residential town surrounded by excellent amenities such as Town Centre, Neighbourhood Centres, schools, Bedok Reservoir, parks, cinemas, supermarkets, a library, swimming complex, as well as sports and transportation facilities. Land Parcel Bedok PH1 is situated just an exit away from the Pan-Island Expressway (PIE) and is also connected by trunk roads from Marine Parade, Tampines, Simei and neighbouring districts. The Bedok MRT Station and Bedok Bus Interchange are within easy reach at the Town Centre. With the new Bedok Town Park MRT station on the Downtown Line 3 completing in 2017, residents will have an alternative transport choice close to their home. The details of the land parcel are as follows:
Location Bedok Reservoir Crescent
Proposed Development Public Housing
Site Area 16,668.2 sq m
Max. Allowable GFA [GPR]46,670.96 sq m [2.8]
Estimated Dwelling Units430
Lease Term 103 years (includes a 48-month construction period)
Junior
IIRC, its just opposite the Sheng Siong Market and Shops.
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Senior
Not as good as bedok central in terms of infrastructure and amenities. Sheng Siong is also not upmarket.
Newbie
Not really.. the park could go and the schools could be relocated. Didn't you notice that they placed MRT exits nearer to schools.
Easy to shift schools if they really want to, its afterall ah gong's land.
With this launch, the prices of condo's should be moderated.
Imagine, DBSS with the same view at a fraction of the price i.e. 30% to 50% off? Wow... wait no further. The consolation is that these are the same group of people who will upgrade to condo after MOP.
Junior
Agree on the former point. Bedok Town Park would be way inferior on the DTL3 line which takes maybe 15 stations with interchanges and many transfers to hit Orchard or Raffles Place. Bedok would be way superior as it is sitting on the radial E-W line. But I still think 1200psf for Bedok and 99LH is pricey. But I guess the east is famous for being the most dense and crowded and populated part of Singapore. So demand should be very high from the humongous population catchment. Just Bedok alone already got half a million population. Unbelievable. Join the crowds!
Senior
This area has many landed properties e.g. Siglap. I'm sure the owners will want a unit there.
Junior
The largest population catchment is definitely there. Highest populated and most dense/cramped HDB and private is all in Bedok, Tampines, East Coast, Hougang. Just these few areas already account for > 1 million people already. just need 0.01% of them to buy and voila! sold out.
Junior
this area will be the first to sink in 2012
Senior
What are they launching this project? Early 2010?
Junior
any involvement from world class iconic architect?
Senior
with all the siao lang rushing into showflats to buy property this year, how can new projects ever be priced below $1k psf these days. It almost seems like every developer who builds near MRT sure to make money. Imagine if all the property buyers in singapore can be like the red shirts in Thailand, all working in unison to bring new property prices down, I think buyers will have more bargaining power
Newbie
BedokRes.sg
Developer: Brilliance Residential (1) Pte Ltd (A subsidiary of Capitaland Limited & CapitaMalls Asia Limited)
Location: Bedok Central
Expected Date of T.O.P: 30 September 2015
Tenure: 99 years
Plot Ratio: 3.5
Description:
Proposed Mixed Development Comprising 2 Basement Carparks With Retail Use, Integrated Bus Interchange, Flat Development Comprising 8 Blocks Of 15-Storey Residential Apartments (Total 583 Units) With 3-Storey Podium Comprising 2-Storey Carparks With Ancillary Facilities
Lot No.: Mk27 Lot10724L at Bedok North Drive, New Upper Changi Road (Bedok)
Site Area: Approx 268,047 sq ft (24,902.2 sq m)
No. of Units: 583 Residential Units
Senior
I heard the psf is above $1100
Junior
assessing the nearby...I guess the 1 bedroom should be around $1500 and 4 bedroom around $1200=$1300I heard the psf is above $1100
Junior
Developer has heed the advice of would be buyers here... CHEAP!
Newbie
2011-2012 - year of mass market mrt launch
choa chu kang mrt
redhill mrt - ascentia sky neighbour
capland bishan at 1800 psf
capland bedok at 1400 psf
sim lian record ec at 900 psf
record hillview psf hillier by feo at 1400 psf
news report slowdown (only 5-10% price increase next year), boom just begun?
Affordable means small
Junior
Bravo, Bravo... the higher the price indication forumers indicate here, the higher CapLand will launch. Anything from $1.1k to $1.5k - avg of $1.3k will be a good guess.
Exalted
higher gd for current ppty owners ard tat area
and if priced to sell, i will get one unit(12xxpsf 1+study got chance anot?) lol
WIN-WIN
Junior
devilplate, have you sold any of your properties since 2010?
You mentioned that you have spent all your bullets in 2009 and not working.
But how do you keep on managing to accumulate condos since then.
I am very much interested in how you can do that. Want to ride on your coattails.
Equity drawdown? profit from stocks?
Last edited by hopeful; 19-10-11 at 10:50.
Exalted
from my postings, u shd noe mah
i stop working for others since long time oredi.....
anyway u r richer den me...i shd follow u instead wor
Junior
From postings didnt indicate le.from my postings, u shd noe mah
i stop working for others since long time oredi.....
anyway u r richer den me...i shd follow u instead wor
1) you pay downpayment 40% for condo.
2) you seems to be quite familiar with equity drawdowns, but i dont know whether it works during recession, as property values drops across the board.
3) the few postings about stocks you made is you lose during that HK IPO.
as for myself, i sold off that Latitude and in the process of disposing of MPR.
so i made my money within 1 cycle. Use that money to buy during recession. Repeat a few times.
So far, you never post you sold off your properties le.
I want to learn from your techniques le. No need to sell condo, no need to work or own a business, and still can accumulate condos every year
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