View Full Version : Sky Green @ Macpherson D13 FREEHOLD -Heeton (former macpherson green)
$1500?! for a crummy location?! my spider senses tell me east coast/marine parade is gonna chiong liao....
Southbank neighbourhood also so so only. Nearby got thai pub at golden mile. But still cheong until no tomorrow.
Southbank neighbourhood also so so only. Nearby got thai pub at golden mile. But still cheong until no tomorrow.
Southbank has very nice bay/river views.
Comparison should be made with the 2 comparable nearby FH.
Oasis Garden opp SKY at other end of industrial area just TOP. Transacted 1000-1200pfs. Le Crescendo, next to SKY, older, transacted also around 1100-1200pfs.
SKY has MM units. So comparison should be made with the 2-3 rooms.
Current rental at the newly TOP Oasis asking range from $3500-4300/mth for 1200sqfoot plus units
Look forward to seeing the launch by tuan seng in front of mrt in nov.
My sentiments exactly. Was driving down Macpherson Road the other day and the thought crossed my mind. I think part of the reason is that it's FREEHOLD.
80% sold it seems
Heard from agent all smaller units sold out.
Look forward to seeing the launch by tuan seng in front of mrt in nov.
If this can sell at 1.5k, i suspect Tuan Seng to sell its 99 years pp project at around this range too. Probably even higher. buyers will still bite since it's doorstep to MRT
Especially the stn in underground.
If this can sell at 1.5k, i suspect Tuan Seng to sell its 99 years pp project at around this range too. Probably even higher. buyers will still bite since it's doorstep to MRT
If this can sell at 1.5k, i suspect Tuan Seng to sell its 99 years pp project at around this range too. Probably even higher. buyers will still bite since it's doorstep to MRT
Maybe for the MM units.
For the bigger units ave unlikely to hit 1500pfs bec there are still cheaper options around e.g 8 woodsville (2room 1.2-1.3pfs) ,
Nins (2 room 1.1-1.2pfs) etc), which are also very near to MRT.
Maybe for the MM units.
For the bigger units ave unlikely to hit 1500pfs bec there are still cheaper options around e.g 8 woodsville (2room 1.2-1.3pfs) ,
Nins (2 room 1.1-1.2pfs) etc), which are also very near to MRT.
I thought these were crazy prices just 1 year ago. Now Hong Kong is suffering from inflation due to stronger RMB. I expect a CM to counter this hot money coming to Singapore. This might come soon after the launch of hot sites starting from end of this year.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20121022000101&cid=1102
Maybe for the MM units.
For the bigger units ave unlikely to hit 1500pfs bec there are still cheaper options around e.g 8 woodsville (2room 1.2-1.3pfs) ,
Nins (2 room 1.1-1.2pfs) etc), which are also very near to MRT.
Nins 2 room no more at 1.1-1.2.
visionaries
08-11-12, 08:54
How is the sales at this condo? I am vested, so very keen to know how this popular this is.
Got an sms 2 days ago about a 1-Br return unit here, but thought it seem quite expensive.
85% sold
Heeton Holdings hobbles as profit declines 78.3% to $2.7m
Niche property developer stumbled hard revenue-wise.
Taking the 3Q12 results with the previous two quarters, Heeton Holdings said it recorded a profit attributable to shareholders of $11.1 million, on revenue of $28.9 million, for the nine months ended 30 September 2012 (9M12), or a 46.6% dip yoy.
"The decline in revenue reflects lower sales recognition based on percentage of completion method, from Lincoln Suites, a project under construction, and The Lumos, which received its temporary occupation permit (TOP) in August 2011. In addition, there was a revision in accounting treatment on its Singapore residential development projects for property units sold under deferred payment scheme using the completion of construction method, which resulted in significant increase in revenue, cost of sales and profit for 9M11," said Heeton Holdings in a release.
"With the completion of The Lumos, cost of properties sold also fell significantly, to $10.1 million in 9M2012 from $39.3 million in 9M2011. Consequently, and taking into account the net effect of other operating income, finance expenses and income from associates, the Group recorded a profit before tax of $12.8 million, versus $25.4 million a year ago. During its financial third-quarter (3Q2012), the Group joined forces with various partners to acquire a total of three sites. The first of these is a $31 million, 21,900 sq ft plot in Whitley Road with the potential to be redeveloped into five pairs of semi-detached houses. Heeton has a 30% interest in this project," it added.
The second plot, located at Sam Leong Road in district 8, is a $40.3 million, 12,362 sq ft freehold commercial land parcel with a plot ratio of 3.0, while the third is a 13,282 sq ft freehold residential site at Lorong 32 Geylang, with a plot ratio of 2.8. Heeton holds a 15% stake in the former plot and 10% stake in the latter.
In August, the Group launched Palacio, a freehold cluster housing development at Telok Kurau Road, and has sold over 50% of its 21 units to date.
"Going forward, the Group expects buyer sentiment to be tempered by property cooling measures introduced over the past year. Nevertheless, buyer sentiment should remain healthy with a higher percentage of transactions expected to be carried out by property upgraders, rather than property investors. Riding the buoyant sentiment, it has launched Sky Green, a residential project at MacPherson Road to very positive response with about 70% of the units being snapped up during the day of its soft-launch in late October. The project is currently more than 85% sold," said Heeton Holdings.
The Group is making good progress with the construction of The Boutiq, and expects to recognise its share of profit from the sale of these units in the coming months. To date, more than 80%of the development’s 130 units have been sold. While it looks forward to positive contribution from its existing and pipeline projects, Heeton is mindful of the uncertainties in the macroeconomic climate as well as the possible introduction of more property cooling measures by the Government. On this note, it will adopt a prudent approach towards the evaluation of each opportunity before embarking on further acquisition of land parcels.
phantom_opera
30-11-12, 14:45
highest psf so far
2012-11-15 #XX-XX 474 1,664psf 788,000
Making citylights and southbank owner see red ...
Why see red when a 614 sqft unit in Southbank has completed a deal at $1900psf a few months ago? Larger unit and higher $psf and LH somemore.:)
Making citylights and southbank owner see red ...
:beats-me-man:
Why see red when a 614 sqft unit in Southbank has completed a deal at $1900psf a few months ago? Larger unit and higher $psf and LH somemore.:)
I think i am 2 mths outdated. Price moved so fast
District 84483535
06-12-12, 12:40
Hi,
There is one bedroom - return unit...
and one more 3bedroom pool view ..
subject to first come first serve.
visit www.newlaunchresale.com/sky-green/ (http://www.newlaunchresale.com/sky-green/)
for appointment arrangement.
Wow so far how much units had been sold and the left over units are those with lousy facing and over priced value? Heard no more discount already right? :doh:
Hi,
There is one bedroom - return unit...
and one more 3bedroom pool view ..
subject to first come first serve.
visit www.newlaunchresale.com/sky-green/ (http://www.newlaunchresale.com/sky-green/)
for appointment arrangement.
phantom_opera
04-01-13, 15:39
$1,733 PSF IN NOV 2012 FOR A 441-SQFT UNIT
:not-worthy:
visionaries
09-03-13, 16:16
Revisited the showflat today. Almost sold out. Left 4 PH and three 3-bedders.
Vested, so very happy that it is going to be a sold out soon. :D
The existing building will be torn down within the next 2 mths, according to the agent.
Revisited the showflat today. Almost sold out. Left 4 PH and three 3-bedders.
Vested, so very happy that it is going to be a sold out soon. :D
The existing building will be torn down within the next 2 mths, according to the agent.
3 bedder Units left no good facing etc?
visionaries
09-03-13, 19:34
3 bedder Units left no good facing etc?
Leftovers are Type C1 and C2 3 bedders, facing Macpherson Road. 13th and 14th floor.
Quite strange the leftovers are the topmost floors, just below the penthouses. could be the higher prices.
rayoflight
09-04-13, 15:06
hello skygreenian, lol!
I drove past last week and all the existing occupants have already vacate the building.
Seems like they are going to demolish it very soon!
:D
wow..from URA:
SKY GREEN MACPHERSON ROAD Condominium 1 790,000 463 Strata 1,707 Jan-13
rayoflight
01-05-13, 12:33
drove pass yesterday.
Demolition works going on soon! Machines at the top level liao
rayoflight
31-03-14, 18:19
Hi guys, have the developer call for loan disbursement yet? Bought since Nov 2012 and loan not even drawn yet.. :eek:
visionaries
31-03-14, 20:01
Hi guys, have the developer call for loan disbursement yet? Bought since Nov 2012 and loan not even drawn yet.. :eek:
Mine was just first drawn down in Mar 2014. Should be soon that they call for loan disbursement. The foundation is done and they are building upwards already.
rayoflight
01-04-14, 11:43
just received letter from lawyer calling for 10% disbursement:). Foundation completed. Should be quick from here. :banana:
I received an email from agent saying that 8river*uites at Boon Keng offering 10-20% disc. :scared-1:
That one total over 800units..sales wasn't too good.
visionaries
01-04-14, 16:12
just received letter from lawyer calling for 10% disbursement:). Foundation completed. Should be quick from here. :banana:
I received an email from agent saying that 8river*uites at Boon Keng offering 10-20% disc. :scared-1:
That one total over 800units..sales wasn't too good.
Still have at least 2 years to wait. I hope they can TOP earlier.
Don't think skygreen will drop prices. The amenities nearby are getting better, and Oxley Bizhub across the road is nice. :)
Btw, what unit you bought?
rayoflight
13-05-14, 22:26
Indeed, i like it that it's not so crowded like Potong Pasir and still close to amenities. My office will be nearby at Paya Lebar.
I bought pool facing and high floor :)
Btw, i saw on URA 2013 master plan that they might build a healthcare / hospital beside at the open field. Good that our rental might be supported by nurses or doctors.
Any thoughts? :o
visionaries
15-05-14, 11:35
Mine is on 2nd floor. Very very low as the rest all taken when I booked. :(
Pool facing too. Hopefully not too noisy.
Where you see the masterplan? There is a underground tunnel (KPE) below the park, so I thought building something on it can be challenging.
rayoflight
19-05-14, 13:14
Mine is on 2nd floor. Very very low as the rest all taken when I booked. :(
Pool facing too. Hopefully not too noisy.
Where you see the masterplan? There is a underground tunnel (KPE) below the park, so I thought building something on it can be challenging.
I tried to look for it again in URA website but couldn't find it...shucks.
rayoflight
21-08-14, 21:01
You can check the ura masterplan 2014 and will be able to see that the field on the right of skygreen is reserved for healthcare structure :joyous:
rayoflight
05-11-14, 20:59
The land beside skygreen is now fenced up and there are some ground construction work going on. I guess they are doing soil testing etc?
btw, the developer seems to be very slow in calling for loan disbursement leh.. uptil now only called first 10%. Good or bad for us?
rayoflight
21-11-14, 08:42
I drove to site yesterday since i work nearby. Some pics for update. :)
http://i59.tinypic.com/xck7pz.jpg
this is the site which i mentioned. I went to ask the workers and they said they are building a temp showflat for a condo. I think its for the UOL project beside bartley residences.
http://i60.tinypic.com/2ccl3xc.jpg
http://i61.tinypic.com/2rddvdi.jpg
visionaries
03-12-14, 21:55
Thanks for the update. It seems one block is completed to full height and the other block is still halfway?
visionaries
10-12-14, 22:19
The land beside skygreen is now fenced up and there are some ground construction work going on. I guess they are doing soil testing etc?
btw, the developer seems to be very slow in calling for loan disbursement leh.. uptil now only called first 10%. Good or bad for us?
They just called for payment under clause 5.1.2(d) and (e). Meaning the internal plastering all completed. That is quite fast, but from outside cannot see the progress.
I wonder when will be the actual TOP? Anybody have a more accurate date?
rayoflight
13-12-14, 08:31
Hi Visionaires, me too.. Just called for next 10%.. Top might be q4 2015 as per the contract details board outside the condo. 1 more year or less! :D
Both blocks are already fully built to same height..haha might be my photo angle.
visionaries
13-12-14, 16:40
Hi Visionaires, me too.. Just called for next 10%.. Top might be q4 2015 as per the contract details board outside the condo. 1 more year or less! :D
Both blocks are already fully built to same height..haha might be my photo angle.
The SPA says legal completion is Dec 2016. If it is Q4 2015, that is good! :)
visionaries
04-03-15, 08:33
Seems like the exterior is all done. How long more do we need to wait for TOP typically? I really hope it can TOP ASAP :)
visionaries
30-03-15, 19:22
I see that they had finished painting the car park!
Hope they finish paint the whole block soon.
rayoflight
13-07-15, 19:19
Current progress ontrack.. Just saw the skin last week. Looks really nice those curves haha
Btw, they are really slow in calling for loan disbursement dont u agree? And this small development is abit slow! Why r they taking their time? Dont they (heeton n joint partners) want to faster build finish and collect $$? Haha
rayoflight
21-07-15, 15:07
updated pictures taken on 21/7 while driving by:
http://i.imgur.com/otf78XB.jpg
http://i.imgur.com/SxfTGiv.jpg
visionaries
21-09-15, 17:39
I see that the roads and plants are all in place. Swimming pool also have water already.
Anybody know when is the expected TOP?
Sky Green @ Macpherson Road D13
https://www.facebook.com/groups/394491784033892/
https://scontent-cdg2-1.xx.fbcdn.net/hphotos-xpf1/v/t1.0-9/12042656_10205989899919504_4093893401218227616_n.jpg?oh=9f8b1dd7d95bb42c643d91f7e3c35de8&oe=56947D70
https://scontent-cdg2-1.xx.fbcdn.net/hphotos-xtp1/v/t1.0-9/12043163_10205989904759625_4394275410643092439_n.jpg?oh=c06efaabc422b9679d30ff44f2acd80f&oe=566257E8
visionaries
24-09-15, 12:51
"Status = Processed", and "Current Status = In order" means? TOP anytime?
rayoflight
13-10-15, 22:50
"Status = Processed", and "Current Status = In order" means? TOP anytime?
Agents have been flooding my mailbox with letters obviously for rent/sale. Hahaha
They told me end of Oct or Early Nov TOP!
Like finally!
Oh yes, many thanks for the facebook group. Already applied to join. Cheers!
Looking forward to collecting keys.
We just collected our Bartley Residences keys as well on Monday.
rayoflight
13-10-15, 22:53
I will pop by tomorrow to take pictures! Stay tuned..
Time passes too fast! :D
rayoflight
13-10-15, 22:57
Really love the flow of those sexy curves instead of standard rectangularish looks of other condos.
Looks fantastic!
visionaries
12-11-15, 08:18
I was told mid Nov can collect keys, but up to now still no letters from developers. Getting impatient. Haha.
visionaries
16-11-15, 19:16
Anyone receive TOP letters don't mind update here?
rayoflight
25-11-15, 12:34
I was told mid Nov can collect keys, but up to now still no letters from developers. Getting impatient. Haha.
ya lo bro, i went down and everything looks ok already.. developer also told me mid nov until now no news..
rayoflight
25-11-15, 12:36
Agent updated me that they are forming the management now after which key collection will start.
Congrats!
Agent updated me that they are forming the management now after which key collection will start.
rayoflight
27-11-15, 08:06
Hi owners!
TOP letter is finally here!!!!!!
They will email u
rayoflight
27-11-15, 16:17
http://i.imgur.com/XEncZWv.jpg
Hahaha
Im very impressed with the development!
The rooftop pool is amazing! I dont think u can find any development with a rooftop pool within this area..
Next week collecting keys! Just went for a sneak preview just now with the developer's incharge
rayoflight
27-11-15, 16:19
Im also glad i picked a high floor unit.. :D
visionaries
28-11-15, 05:54
I also got email from lawyer already! but because bank slow in releasing money, can only start collect keys 2nd week dec.
rayoflight
28-11-15, 12:26
I also got email from lawyer already! but because bank slow in releasing money, can only start collect keys 2nd week dec.
Hi bro have u made payment at your lawfirm for 6mths maintenance fee and survey fee?
We done that yesterday and developer side said can collect keys once the cheque cleared.
Can collect next wk already..
visionaries
28-11-15, 16:32
Hi bro have u made payment at your lawfirm for 6mths maintenance fee and survey fee?
We done that yesterday and developer side said can collect keys once the cheque cleared.
Can collect next wk already..
Yes, done that on Friday, as I was hoping it can be sooner. But my law firm letter state that the progressive payment must also be made before I can arrange to collect keys. And OCBC bank need 5-7days notice before releasing funds. :(
rayoflight
28-11-15, 20:13
Btw maintenance fee very ex man haha
Mine is $325/mth for 1bedder...
If anyone is keen to install track guided indoor/outdoor blinds (no gaps!) and retractable insect screens . Reduce dust and noise. Pls call 98806538 for measure and quote.
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