The Gazania & The Lilium

[Arcachon]

Private Enclave Serenity
5 Minutes Walk to Bartley MRT Station
1KM to Maris Stella High School & Paya Lebar Methodist Girls School
Minutes Drive to PIE, CTE, and KPE
Proximity to Shopping - NEX, POIZ & Woodleigh Mall

[sginvestor]

Private Enclave Serenity
5 Minutes Walk to Bartley MRT Station
1KM to Maris Stella High School & Paya Lebar Methodist Girls School
Minutes Drive to PIE, CTE, and KPE
Proximity to Shopping - NEX, POIZ & Woodleigh Mall

In my opinion, this location is far superior to Jui Residences.
why don't buyers consider Gazania instead?
don't buy something just because it's on the market, buy something with superior location attributes

Here are my bold predictions
Lilium will be marketed at 1,700psf..
Gazania at 1,900 - 2,000 psf. i will consider Gazania the crown jewel
Gazania is much better than Lilium in terms of proximity to MRT.
why buy Lilium when there are other freehold condos along that stretch e.g. Bayou residences etc.

[sginvestor]

when's the expected launch date and unit mix?
i noticed big advertisements at Tai Seng MRT - the developer is pulling out all the stops in advertisements

[Arcachon]

Gazania- freehold new project coming up next year at D19 Upper Paya Lebar.https://scontent-sin2-2.xx.fbcdn.net/v/t1.0-9/46392878_347161296047990_1507267872873775104_n.jpg?_nc_cat=103&_nc_ht=scontent-sin2-2.xx&oh=087bc0a91366ee607453c738b675124e&oe=5C9F763C

[Arcachon]

Lilium is a freehold new condo project at How Sun Park - 80 units. To be launched with freehold Gazania, a 250 units condo at How Sun Drive. Message me for updates.


https://scontent-sin2-2.xx.fbcdn.net/v/t1.0-9/46310741_347138849383568_6935782080303333376_n.jpg?_nc_cat=102&_nc_ht=scontent-sin2-2.xx&oh=f0ca2abd0190a18a76f8b6377ab0f816&oe=5CA47872

[Arcachon]

Sun Rosier condo fetches $271m in latest en-bloc sale, 15% higher than asking price

SINGAPORE - Owners of the 78 units of Sun Rosier are set to pocket between S$2.86 million and S$4.77 million each after the condominium off Bartley Road fetched a top bid of S$271 million in Singapore's latest collective sale, about 15 per cent more than the asking price of S$235 million.

There were four bids for the freehold development in How Sun Drive when the tender closed on Thursday, with the top three offers very close to one another, marketing agent Huttons Asia disclosed on Friday (Sept 22).

The winning bid came from a 50:50 joint venture between SingHaiyi Properties - a unit of Singapore-listed real estate developer SingHaiyi Group - and Huajiang International. Huajiang is controlled by Chinese tycoon Gordon Tang and his wife Serena, who are the controlling shareholders of the SingHaiyi Group.

The offer works out to S$1,325 per sq ft per plot ratio, compared with the S$1,149 psf ppr asking price for the 146,046 sq ft site.

At this price, each unit owner stands to receive an estimated S$2.86 million to S$4.77 million, averaging S$1,885 psf. Huttons said this is 108 per cent over the last transacted price for a unit sold early this year, or twice of what each unit could fetch if sold individually and not collectively.

Home owners of Spring Grove condominium are confident they can net at least $1 billion, after having asked for $1.39 billion in 2014.
Related Story
Singapore's red-hot en-bloc market attracts fresh $1b sale bid for site once home to US ambassador
Several factors accounted for the success of Sun Rosier's collective sale.

For one thing, the condo is just about five minutes from Bartley MRT station on foot. It is also among the few freehold development sites on offer, said Mr Stephen Tan, Huttons' head of collective sales.

"We captalised on this, and external factors such as the strong demand for such sites and the prevailing conditions in the development land market near the upcoming Bidadari estate, to make this en bloc a distinctive success," he said.

[Arcachon]

gross plot ratio of 1.4

The GazaniaSingHaiyi successfully tendered for the collective sale of the Sun Rosier condominium site for S$271.0 million in September 2017. With a gross plot ratio of 1.4, this site will be redeveloped into a freehold condominium. Located at 5A How Sun Drive and nestled amidst a serene private estate enclave, it is surrounded by an ensemble of amenities and easy access to nearby shopping malls, where banks, supermarkets and restaurants are aplenty. It is also just a stone’s throw away from Bartley MRT station and in close proximity to elite schools.

[Arcachon]

How Sun Park sold for S$81.1m in en bloc sale
Read more at https://www.channelnewsasia.com/news/business/how-sun-park-sold-for-s-81-1m-in-en-bloc-sale-9449110

SINGAPORE: Adding to the en bloc fever in Singapore, How Sun Park - a 20-unit development in the Bartley area - was sold on Tuesday (Nov 28) to SingHaiyi Group for S$81.1 million.

In a statement to the Singapore Exchange late on Tuesday, SingHaiyi said that the tender submitted by its subsidiary SingHaiyi Huajiang Amber for the collective purchase of How Sun Park was “duly accepted by the owners of the property”.

How Sun Park is a freehold residential site comprising 20 townhouses, with a site area of 5,100 sqm.

The selling price works out to S$4.05 million per owner.

According to the marketing agent Mr Sieow Teak Hwa of Teakhwa Real Estate, one owner did not agree to the sale.

He declined to reveal the total number of bids, saying only that there were fewer than five offers for the site.

The sale of the site will be completed three months after all owners agree to the deal. Otherwise, the developer will apply for a Sales Order from the Strata Titles Board.

An estimated development charge of S$3 million is payable for the redevelopment of the site to a gross plot ratio of 1.4, SingHaiyi said.

Singapore has seen a surge in collective sales this year. More than 2,500 existing private residential units have been sold en bloc this year, compared with 600 units last year.

The surge can be attributed to two factors, said National Development Minister Lawrence Wong in Parliament earlier this month. The first being that more developers are keen to replenish their land banks, and the effect of successful sales the year before, said Mr Wong.

Mr Wong added that he does not expect the increase in en bloc sales to lead to higher sale prices down the road, as the selling price of the redeveloped units will depend on demand and supply in the property market at that point in time.


Read more at https://www.channelnewsasia.com/news/business/how-sun-park-sold-for-s-81-1m-in-en-bloc-sale-9449110

The Lilium
How Sun Park, a freehold condominium site, was successfully acquired for S$81.1 million by SingHaiyi in November 2017 through an en bloc acquisition. SingHaiyi plans to redevelop the site into a freehold condominium. Located at 25-63 How Sun Road with a gross plot ratio of 1.4, the site is approximately five minutes’ walk to Bartley MRT station and is in close proximity to reputable schools and international institutions. Commuting to nearby shopping malls, banks, supermarkets and restaurants will be a breeze as How Sun Park is surrounded by a multitude of appealing amenities.

http://www.singhaiyi.com/25-63-how-sun-road.html

[Rileybaby]

Wondering why is the sales slow for these 2 projects, v near to mrt and freehold. Price is too high?