Tag Archives: new launches

Tanjong Pagar Centre: S’pore’s tallest building to be built above Tanjong Pagar station

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Singapore’s skyline is set to welcome its tallest building in 2016 at a site above Tanjong Pagar MRT station.

Developer GuocoLand said the 67-storey office-cum-residential tower will form part of the upcoming integrated development called the Tanjong Pagar Centre.

At 290 metres high, the building will soar above Republic Plaza, One Raffles Place and UOB Plaza One, which are 280 metres tall each.

The Tanjong Pagar Centre will feature TP180 – Singapore’s tallest condominium that starts from 180 metres or 50 residential storeys above ground.

GuocoLand said this unique feature should appeal to international investors.

Group managing director of GuocoLand, Trina Loh said: “We are looking at the investment market, the international market. The product is very important. The product has to be unique in Tanjong Pagar.

“I mean the way we have gone about it, is really – the residential block is above the office. In fact, there are no buildings – residential buildings where it starts 180 metres above ground.

“We are very confident our product and the residential component starting at above 180 metres which is really above 50 storeys for residential should command a premium price compared to the area.”

Currently, a private condominium in the area is going for about S$2,000 per square foot.

GuocoLand is looking to put up TP180 for sale in the second half of the year depending on market conditions.

TP180 will have some 200 residential units of 1 to 4-bedroom apartments, and 38-storey Grade A Offices – making up 60 per cent of space in the mixed development.

GuocoLand said it has yet to confirm an anchor tenant.

Research head at Chesterton Suntec, Colin Tan said: “Most of the demand comes from the financial institutions. And I think at the moment, we may not see the light at the end of the tunnel yet. Demand is very uncertain, and because of that, rents may steadily come down.”

Besides residences and office space, Tanjong Pagar Centre spanning 1.7 million square of floor space will also feature six levels of retail and F&B space linked to the underground Tanjong Pagar MRT station.

A luxury business hotel will also be built next to the main tower housing the residences and office space.

Source : Channel NewsAsia – 2 May 2013

12 units sold at Eden Residences Capitol

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The Capitol Investment Holdings consortium has sold 12 of the 39 residential units in its S$750 million Capitol project, reported The Business Times. Units were sold at an average price of S$3,000 psf.

Located at the junction of Stamford and North Bridge roads, the mixed-use development is expected to open in Q4 next year. Aside from its residential component called Eden Residences Capitol, there are also four floors of retail units and a 157-room hotel – to be run by Patina Hotels & Resorts.

“We believe this location is very hard to come by today. If you were to buy land in the city, I think land prices would be in the excess of S$1,500 on a per plot basis. Plus construction costs, it would cost about S$3,000 psf. Today our selling price is at S$3,000 psf for that kind of quality because we bought our land at an attractive price in the old days,” said Pua Seck Guan, Director of Capitol Investment Holdings and Chairman of Perennial China Retail Trust.

Capitol Investment Holdings is a joint venture between the Pontiac Land Group, Perennial Real Estate Holdings and Ron Sim, CEO of Osim International.

Source : PropertyGuru – 30 Apr 2013

Hillion Residences

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Hillion Residences

Hillion Residences condominium is integrated with bus-interchange and connections to Bukit Panjang LRT-Station and the future Bukit Panjang MRT station, which will provide seamless access to public transport. Hillion Residences is also easily accessible via major arterial roads like Upper Bukit Timah Road, Woodlands Road and expressways such as KJE and BKE.

Hillion Residences is within a short drive to Beauty world and King Albert’s Park and Ten Mile Junction. When completed, this new mixed development will comprise 2 basement carparks with retail shops such as supermarkets, restaurants and eating establishments, boutique shops, clinics, banks, etc.

Hillion Residences will be an ideal home for families with school-going children with many schools in its vicinity like Bukit Panjang Primary School, Teck Whye Primary and Secondary Schools and Pioneer Junior College.

Residents can also have access to the wide range of recreational facilities offered by the nearby Bukit Panjang Park, Bukit Timah Nature Reserve, Choa Chu Kang Stadium and Warren Golf and Country Club.

Location: Jelebu Road (District 23)
Tenure: 99 years leasehold
Expected Completion: 2016
Site Area: approx 204,000 sqft
Total Units: 546

Unit Types:
1 bedroom / 1 bedroom SOHO ~ 463-549 sqft
2 bedroom / 2 bedroom SOHO ~ 710-872 sqft
3 bedroom ~ 1163 sqft
4 bedroom ~ 1356-1410 sqft
Penthouses- 2616-3208 sqft

Zoning: Commercial and Residential (integrated with Bus Interchange+MRT+LRT+mall)

Contact us at info@lushhomemedia.com with the following for more information:

Hillion Residences / Name / Contact # / Unit Type Interested

Hillion Residences launched by Sim Lian

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The first mixed-use development in the west – Hillion Residences – was launched by property developer Sim Lian on Thursday.

The 99-year leasehold private condominium in Bukit Panjang integrates residential living with a retail mall and an air-conditioned bus interchange.

It will be also be linked to the existing LRT station and upcoming Bukit Panjang MRT station in 2015.

The project consists of 546 units, comprising one- to four-bedroom units and penthouses across three residential blocks.

A total of 250 units will be released for sale in Phase One, with a discount of up to 10 per cent for the initial launch.

Since its preview on Monday, 50 per cent of these 250 units have been sold. The preview was open to business associates and buyers who registered their interest early.

Sim Lian said prices start from S$668,000 for a one-bedroom unit, S$886,000 for a two-bedroom unit, S$1,464,000 for a three-bedroom unit, S$1,662,000 for a four-bedroom unit, and S$2,780,000 for a penthouse unit.

The development is also located near schools like CHIJ (Our Lady Queen of Peace) and Zhenghua Primary School

Executive director of Sim Lian Group, Kuik Sing Beng, believes that the development will be attractive to a diverse range of home buyers like “families and HDB-upgraders, singles and retirees seeking convenience and investors seeking to enhance the value of their property portfolio”.

Hillion Residences is expected to receive its Temporary Occupation Permit in September 2018.

Source : Channel NewsAsia – 21 Mar 2013

Hillview Peak

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Hillview Peak

Hillview Peak Condominium – located nearby lush greenery including the Bukit Timah Nature Reserve, Dairy Farm Nature Park, Hindhede Nature Parks and Bukit Batok Town Parks. It is a 5 mins walk to future Hillview MRT and is well connected to major expressways.

Hillview Peak will be within walking distance to HillV2, a 2-Storey 55,000 sq ft lifestyle and retail mall. It will offer a unique retail mix of specialty brands and merchandising where you can expect an exciting selection of retail and F&B options near to Hillview Peak.

It is also near to the Junction 10m West Mall, and Rail Mall which houses a stretch of distinct restaurants and host of others amenities.

Location: Hillview Avenue
Tenure: 99 years leasehold
Expected Completion: 2016
Site Area: approx 136,148.45 sqft
Total Units: 512
Unit Types:
1 bedroom ~ 517-635 sqft
1+study ~ 603-635 sqft
2 bedroom ~ 775-915 sqft
3 bedroom ~ 1044-1216 sqft
4 bedroom ~ 1249-1399 sqft
Penthouse ~ 527-2530 sqft

Contact us at info@lushhomemedia.com with the following for more information:

Hillview Peak / Name / Contact # / Unit Type Interested

Bartley Ridge

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Bartley Ridge

Bartley Ridge is located within the developed Serangoon residential estate, just 15 to 20 minutes drive away from central of Singapore with connections of major expressway – CTE, PIE and KPE. Residents can drive to their working area in a short period of time. Bartley Ridge is also just 5 minutes walking distance away from Bartley MRT Station.

With the convenient of Bartley MRT Station, residents can enjoy the shopping and dining activities at nearby mega commercial hubs such as NEX, Heartland Mall, Junction 8, Ang Mo Kio Hub and Compass Point.

A lot of well-known schools are within the vicinity of Barley Ridge, such as Maris Stella High School (Primary and Secondary), St Gabriel’s Secondary School and the Paya Lebar Methodist Primary and Secondary Schools.

Location: Mount Vernon Road (District 13)
Tenure: 99 years leasehold
Expected Completion: Oct 2018
Site Area: approx 224,008.5 sqft
Total Units: 868

Unit Types:
1 bedroom ~ 441–495 sqft
2 bedroom ~ 721–764 sqft
2 + study ~ 829–861 sqft
3 bedroom ~ 969–980 sqft
3 bedroom + yard ~ 1033–1044 sqft
3 + study ~ 1163–1227 sqft
4 bedroom ~ 1302 sqft
4 bedroom (dual key) ~ 1550 sqft
Penthouse ~ 1313–2121 sqft

Contact us at info@lushhomemedia.com with the following for more information:

Bartley Ridge / Name / Contact # / Unit Type Interested

D’Nest condo to launch preview sales

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A new condominium, D’Nest, located at Pasir Ris Grove will be launched for preview sales on Friday.

The 912-unit project is jointly developed by City Development Limited (CDL), Hong Leong Holdings and Hong Realty.

In a statement, CDL said it is planning to sell the units at an average price of S$990 per square foot.

However, it will be offering an early bird discount of 7 per cent on the launch price in view of the Additional Buyer’s Stamp Duty which some buyers have to pay.

That will bring the selling price down to S$920 per square foot.

CDL said one-bedroom units will come with a price tag of about S$498,000, while a two-bedder apartment will cost some S$680,000. Prices for 3-bedroom units start at S$820,000, and 4-bedroom apartments at S$1.15 million.

Some analysts said it appears that the latest set of cooling measures, which kicked in on January 12 this year, has had some effect in moderating launch prices.

Lee Sze Teck, senior manager of Research & Consultancy at Dennis Wee Group, said: “Price-wise, compared to some other launches in the Pasir Ris area, it seems quite attractive… I think there could be strong demand, mostly from HDB upgraders.”

Nicholas Mak, executive director at SLP International Property Consultants, said: “Prices of uncompleted condo projects in Pasir Ris range between S$956 psf and S$1,000 psf. So S$920 psf for D’Nest appears reasonable.

“At S$920 psf, I believe the developer will be able to move units. But if the price moves closer to S$1,000, then demand might taper.

“The developer also has to bear in mind that there are likely to be two new condo developments coming up in Pasir Ris in the second quarter of the year, so there could be some competition.”

D’Nest, a 99-year leasehold development, is located near the Pasir Ris MRT station.

Source : Channel NewsAsia – 14 Mar 2013

SBF Centre at Robinson Road sees strong take-up

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The new mixed-use commercial development SBF Centre at Robinson Road has seen strong take-up.

In a statement, Far East Organization said 75 per cent of the 186 units released have been sold during the preview sales period from 25 February.

The SBF Centre, a joint venture between Far East Organization and Far East Orchard Limited, will launch on 14 March.

Far East Organization said 138 office units were released for sale and 113 units have been sold, mostly to firms offering services including trading, legal services, consulting & secretarial services and financial advisory.

The Singapore Business Federation will be a major tenant at the development.

Prices for the office units start from S$3,200 per square foot.

Meanwhile, over half of the 48 medical suites have also been taken up.

Executive director of Far East Organization, Chia Boon Kuah said: “The positive take-up underscores a healthy demand for strata-titled space in Singapore’s prime Central Business District (CBD) area. As Singapore’s core financial and commercial district, it is home to the largest cluster of commercial buildings and skyscrapers. Its live-in population is also set to grow with a pipeline of new developments and the upcoming Tanjong Pagar Waterfront City.”

SBF Centre has a total of 196 strata offices, 48 medical suites and 3 full floor non-strata office units.

The 31-storey building is expected to be completed in 2017.

Source : Channel NewsAsia – 12 Mar 2013

Top Global adjusts condo prices in response to cooling measures

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Real estate group Top Global has made a 10 to 15 per cent downward adjustment to the prices of its two soon-to-be-launched condominiums in response to the recent slew of property cooling measures, and further changes may be made according to demand.

The freehold residential developments — R Maison and E Maison — are situated at Braddell Road and Somerville Walk, and are targeted at mid- to high-income earners. After the reductions, the 175 units at the two complexes, which are together called The Maisons, have an anticipated price range of between S$1,350 and S$1,450 per square foot.

“Given that The Maisons are among the first developments rolled out after the recent Additional Buyer’s Stamp Duty (ABSD), our pricing strategy will factor in the additional cost of home purchases,” said Mr Hano Maelo, Chief Executive Officer of Top Global.

The ABSD, which was one of the additional property cooling measures announced by the Government on Jan 11, applies to second homes for Singaporeans and first homes for permanent residents.

Ms Jennifer Chang, Chief Operating Officer and Executive Director of Top Global, added that the company will adapt its pricing and marketing strategy after seeing the response to R Maison, which is due to be launched by the end of the month. E Maison is scheduled to launch early next month.

Top Global is upbeat about prospects for the two developments despite the cooling measures.

“Our main selling points are value and location … as long as interest rates remain low and buyers continue to enjoy ample liquidity, we envisage a healthy demand,” Mr Maelo said.

The full impact of the cooling measures has yet to be seen. The most recent property sales data indicated that demand has stayed robust, but market watchers have cautioned that it might not be until this month or the next before a true picture emerges of how the measures have affected sales and prices.

Deputy Prime Minister Tharman Shanmugaratnam said in an interview with Bloomberg last week that there is still “some ways to go” before property prices are at an acceptable level.

Source : Today – 7 Mar 2013

La Fiesta is best-selling new launch in Jan 2013

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La Fiesta by EL Development topped the list of best-selling residential projects for the month of January recording sales of 404 units, reported Singapore Business Review.

Located in Sengkang, the condo project released 500 units for sale last month at a median price of S$1,163 psf, according to data from the Urban Redevelopment Authority (URA).

In January, a total of 2,013 private homes excluding executive condominiums (ECs) were sold while 1,799 units were launched.

After La Fiesta is Q Bay Residences in Tampines developed by Far East Organization, Frasers Centrepoint and Sekisui House. 520 units were launched of which 372 were sold at a median price of S$1,012 psf. In third spot is CapitaLand’s d’Leedon on the site of the former Farrer Court, which sold 263 units at a median price of S$1,406 psf.

The top 10 best-selling projects include The Topiary EC at Fernvale Lane by UOL and Kheng Leong (100 units at a median S$736 psf), Spottiswoode Suites at Spottiswoode Park Road by Lian Beng and Centurion (91 units at a median S$2,227 psf), Echelon at Alexandra View by City Developments (87 units at a median S$1,853 psf) and Riversails at Upper Serangoon by Allgreen Properties (49 units at a median S$856 psf).

Wrapping up the list are SP Setia’s Eco Sanctuary in Chestnut Avenue (48 units at a median S$1,138 psf), Amara Holdings and SingXpressLand’s City Life@Tampines EC (47 units at a median S$796 psf) and SeaSuites in Pasir Panjang by Link (THM) (42 units at a median S$1,665 psf).

Source : PropertyGuru – 19 Feb 2013